Replies to post #346 on AICI Capital Trust 9% Pfd (fka AICPQ)

[The Man With No Name]

Where do these YTD numbers come from? Thx

[Enterprising Investor]

AIC 2019 YTD Financial Results (9/30/19)

Underwriting Loss was $2,165,310.

Investment Income was $270,055.

Net Loss was $1,916,634.

AIC had $14.0 million in assets at 9/30/19. Non-Admitted assets totaled $5.9 million, making Net Admitted Assets $8.1 million. Surplus Notes declined by $2 million as a result of AIC making a principal payment to AICI on 7/09/19.

Surplus was $3.8 million.

AIC also had $84,625,062 of unused operating loss carryforwards at 9/30/19.