Forward Mutual log books

FORWARD MUTUAL INSURANCE COMPANY

PROFORMA STATEMENT OF CASH FLOWS
STATUTORY BASIS
Year Ended December 31, 2022

CASH FLOWS FROM OPERATING ACTIVITIES

Cash Received From Premiums

$1,576,145

Cash Received From Reinsurance Loss Recoveries

30,041

Cash Paid for Losses

(675,229)

Cash Paid for Supplies and Services

(704,643)

Reinsurance Premiums Paid

(464,321)

Investment Income Received

157,687

Income Taxes Refunded

Other Income

29,846

Net Cash and Invested Cash Used by Operating Activities

(50,474)

CASH FLOWS FROM INVESTING ACTIVITIES

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

(601,268)

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

968,815

Purchase of Equipment

Net Cash and Invested Cash Provided (Used) by Investing Activities

367,547

CASH FLOWS FROM FINANCING AND MISCELLANEOUS ACTIVITIES

Other Sources

4,656

Net Cash and Invested Cash Provided by Financing and Miscellaneous Activities

4,656

NET INCREASE (DECREASE) IN CASH AND INVESTMENT CASH

321,729

Cash and Invested Cash—Beginning of Year

148,290

CASH AND INVESTED CASH—END OF YEAR

$470,019

 

Forward Mutual welcomes any questions regarding our financial stability.

 

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