FORWARD MUTUAL INSURANCE COMPANY
PROFORMA STATEMENT OF ADMITTED ASSETS, LIABILITIES, AND POLICYHOLDERS
SURPLUS–STATUTORY BASIS
December 31, 2022
ADMITTED ASSETS
Cash and Invested Cash |
$470,019 |
Bonds |
4,910,539 |
Stocks and Mutual Funds |
2,553,953 |
Real Estate |
244,532 |
Total Cash and Investments |
8,179,043 |
Uncollected Premiums |
171,702 |
Investment Income Due or Accrued |
36,951 |
Fire Dues Recoverable |
553 |
Federal Income Taxes Recoverable |
37,500 |
Electronic Data Processing Equipment |
3,024 |
Furniture and Fixtures |
3,071 |
Total Assets |
8,431,844 |
Less Nonadmitted Assets: |
(3,071) |
TOTAL ADMITTED ASSETS |
$8,428,773 |
LIABILITIES AND POLICYHOLDERS SURPLUS
LIABILITIES |
Net Unpaid Losses |
$60,033 |
Unpaid Loss Adjustment Expenses |
3,307 |
Commissions and Accounts Payable |
50,854 |
Other Liabilities |
829 |
Unearned Premiums |
694,591 |
Premiums Received in Advance |
42,117 |
Reinsurance Premiums Payable |
27,066 |
Deferred Income Taxes |
8,000 |
Total Liabilities |
886,797 |
POLICYHOLDERS SURPLUS |
7,541,976 |
TOTAL LIABILITIES AND POLICYHOLDERS SURPLUS |
$8,428,773 |