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 |