Forward Mutual log books

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:
Furniture and Fixtures

(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

 

Forward Mutual welcomes any questions regarding our financial stability.

 

Contact us today for security and attention to your ownership needs.