Replies to post #312 on AICI Capital Trust 9% Pfd (fka AICPQ)

[Enterprising Investor]

It’s complicated.

AIC had $2.5 million in surplus at 9/30/18. Despite being in runoff for years, surplus has varied over the past several years.

AICIQ invested $20 million in AIC via the surplus note. Once these settlements are completed, cash will flow to the parent to pay down the surplus notes and used to pay creditors.