FORWARD MUTUAL INSURANCE COMPANY
PROFORMA STATEMENT OF ADMITTED ASSETS, LIABILITIES, AND POLICYHOLDERS
SURPLUS–STATUTORY BASIS
December 31, 2023
ADMITTED ASSETS
Cash and Invested Cash |
$439,449 |
Bonds |
5,408,966 |
Stocks and Mutual Funds |
1,914,062 |
Real Estate |
231,989 |
Uncollected Premiums |
190,486 |
Investment Income Due or Accrued |
45,932 |
Federal Income Taxes Recoverable |
9,400 |
Electronic Data Processing Equipment |
1,069 |
Furniture and Fixtures |
1,658 |
Total Assets |
8,243,011 |
Less Nonadmitted Assets: |
(1,658) |
TOTAL ADMITTED ASSETS |
$8,241,353 |
LIABILITIES AND POLICYHOLDERS SURPLUS
LIABILITIES |
Net Unpaid Losses |
$43,500 |
Unpaid Loss Adjustment Expenses |
2,188 |
Commissions and Accounts Payable |
72,631 |
Other Liabilities |
23,591 |
Unearned Premiums |
756,515 |
Premiums Received in Advance |
42,241 |
Reinsurance Premiums Payable |
63,918 |
Deferred Income Taxes |
19,000 |
Total Liabilities |
1,023,584 |
POLICYHOLDERS SURPLUS |
7,217,769 |
TOTAL LIABILITIES AND POLICYHOLDERS SURPLUS |
$8,241,353 |