Forward Mutual log books

FORWARD MUTUAL INSURANCE COMPANY

PROFORMA STATEMENT OF CASH FLOWS
STATUTORY BASIS
Year Ended December 31, 2021

CASH FLOWS FROM OPERATING ACTIVITIES

Cash Received From Premiums

$1,568,495

Cash Received From Reinsurance Loss Recoveries

194,650

Cash Paid for Losses

(995,763)

Cash Paid for Supplies and Services

(730,914)

Reinsurance Premiums Paid

(468,135)

Investment Income Received

279,359

Income Taxes Refunded

32,800

Other Income

24,663

Net Cash and Invested Cash Used by Operating Activities

(94,845)

CASH FLOWS FROM INVESTING ACTIVITIES

Cash Paid for Purchase of Stocks, Mutual Funds, and Bonds

(1,066,055)

Proceeds From Sale/Maturity of Stocks, Mutual Funds, and Bonds

986,492

Purchase of Equipment

(5,700)

Net Cash and Invested Cash Used by Investing Activities

(85,263)

CASH FLOWS FROM FINANCING AND MISCELLANEOUS ACTIVITIES

Other Sources

41,261

Net Cash and Invested Cash Provided by Financing and Miscellaneous Activities

41,261

NET DECREASE IN CASH AND INVESTMENT CASH

(138,847)

Cash and Invested Cash Beginning of Year

287,137

CASH AND INVESTED CASH —END OF YEAR

148,290

 

Forward Mutual welcomes any questions regarding our financial stability.

 

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