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Attorneys
Insurance Mutual
of Alabama, Inc.
200 Inverness Parkway
Birmingham, Alabama 35242
Telephone 205-980-0009
Toll Free 800-526-1246
Fax 205-980-9009
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Recent Newsletters
ATTORNEYS INSURANCE MUTUAL OF ALABAMA, INC.
Balance Sheet -
Statutory Basis
July 31, 2002
(Unaudited)
|
ADMITTED ASSETS |
|
|
|
|
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CASH AND INVESTED ASSETS |
|
|
|
|
|
|
Cash and Equivalents |
|
$ 766,569 |
|
Bonds |
|
10,769,714 |
|
Stocks |
|
1,213,592 |
|
|
|
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TOTAL CASH AND INVESTED ASSETS |
12,776,875 |
|
|
|
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OTHER ASSETS |
|
|
|
|
|
Investment Income / Current Receivables |
|
543,608 |
|
Land and Building (Net of Depreciation of
$92,590
at July 31, 2002)
Furniture and Equipment (Net of Depreciation
of $37,712 at July 31, 2002)
|
|
|
992,984
|
|
12,736
|
|
|
|
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TOTAL OTHER ASSETS
|
1,549,328
|
|
|
|
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TOTAL ADMITTED ASSETS
|
$ 14,326,203
|
|
|
|
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LIABILITIES AND POLICYHOLDERS' SURPLUS |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
Loss Reserves |
|
$ 6,252,000 |
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Unearned Premiums |
|
1,065,115 |
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Payables / Accruals |
|
570,444 |
|
|
|
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TOTAL LIABILITIES |
7,887,559 |
|
|
|
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POLICYHOLDERS' SURPLUS |
|
|
|
|
|
8% Series A Subordinated Surplus Debentures |
|
2,665,000 |
|
Other Contributed Surplus |
|
809,738 |
|
Retained Earnings |
|
2,867,948 |
|
Current Year Gain |
|
95,958 |
|
|
|
|
TOTAL POLICYHOLDERS' SURPLUS |
6,438,644 |
|
|
|
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TOTAL LIABILITIES AND POLICYHOLDERS' SURPLUS
|
$ 14,326,203
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|
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