Forward Mutual Insurance Company

Serving home and farm owners throughout Wisconsin


FORWARD MUTUAL INSURANCE COMPANY

PROFORMA STATEMENT OF ADMITTED ASSETS, LIABILITIES, AND POLICYHOLDERS
SURPLUS–STATUTORY BASIS
December 31, 2023

 

ADMITTED ASSETS

Cash and Invested Cash

$439,449

Bonds

5,408,966

Stocks and Mutual Funds

1,914,062

Real Estate

231,989

Uncollected Premiums

190,486

Investment Income Due or Accrued

45,932

Federal Income Taxes Recoverable

9,400

Electronic Data Processing Equipment

1,069

Furniture and Fixtures

1,658

Total Assets

8,243,011

Less Nonadmitted Assets:
Furniture and Fixtures

(1,658)

TOTAL ADMITTED ASSETS

$8,241,353

LIABILITIES AND POLICYHOLDERS SURPLUS

LIABILITIES

Net Unpaid Losses

$43,500

Unpaid Loss Adjustment Expenses

2,188

Commissions and Accounts Payable

72,631

Other Liabilities

23,591

Unearned Premiums

756,515

Premiums Received in Advance

42,241

Reinsurance Premiums Payable

63,918

Deferred Income Taxes

19,000

Total Liabilities

1,023,584

POLICYHOLDERS SURPLUS

7,217,769

TOTAL LIABILITIES AND POLICYHOLDERS SURPLUS

$8,241,353



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