FORWARD MUTUAL INSURANCE COMPANY
PROFORMA STATEMENT OF ADMITTED ASSETS, LIABILITIES, AND POLICYHOLDERS
SURPLUS–STATUTORY BASIS
December 31, 2018
ADMITTED ASSETS
Cash and invested cash |
$453,531 |
Bonds |
4,489,829 |
Stocks and mutual funds |
2,650,851 |
Real estate |
294,736 |
Uncollected premiums |
185,761 |
Investment income due or accrued |
37,240 |
Fire dues recoverable |
762 |
Federal income taxes recoverable |
522 |
Other receivables |
25,580 |
Furniture and fixtures |
3,591 |
Total Assets |
$8,142,403 |
Less non-admitted assets: |
(3,591) |
TOTAL ADMITTED ASSETS |
$8,138,812 |
LIABILITIES AND POLICYHOLDERS SURPLUS
LIABILITIES |
Net unpaid losses |
$28,800 |
Unpaid loss adjustment expenses |
2,423 |
Commissions and accounts payable |
93,620 |
Unearned premiums |
722,781 |
Premiums received in advance |
15,022 |
Reinsurance premiums payable |
39,747 |
Total Liabilities |
$902,393 |
POLICYHOLDERS SURPLUS |
$7,236,419 |
TOTAL LIABILITIES AND POLICYHOLDERS SURPLUS |
$8,138,812 |