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 |