FORWARD MUTUAL INSURANCE COMPANY
PROFORMA STATEMENT OF ADMITTED ASSETS, LIABILITIES, AND POLICYHOLDERS’
SURPLUS–STATUTORY BASIS
December 31, 2011
ADMITTED ASSETS
Cash and invested cash |
$323,934 |
Bonds |
3,791,757 |
Stocks and mutual funds |
1,415,161 |
Real estate |
299,237 |
Uncollected premiums |
202,824 |
Investment income due or accured |
42,838 |
Fire dues recoverable |
633 |
Federal income taxes recoverable |
87,731 |
Computer equipment |
8,375 |
Office equipment |
4,327 |
Deferred income taxes |
44,900 |
Total Assets |
6,221,717 |
Less non-admitted assets:
Furniture, equipment and deferred income taxes |
(49,227) |
TOTAL ADMITTED ASSETS |
$6,172,490 |
LIABILITIES AND POLICYHOLDERS' SURPLUS
Net unpaid losses |
$103,345 |
Unpaid loss adjustment expenses |
18,075 |
Commissions and accounts payable |
88,413 |
Unearned premiums |
786,162 |
Premiums received |
3880 |
Reinsurance premiums payable |
53,897 |
Federal income |
0 |
Total liabilities |
1,053,772 |
Policyholders' surplus |
5,118,718 |
TOTAL LIABILITIES AND |
$6,172,490 |