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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, 2003
(Unaudited)
|
ADMITTED ASSETS |
|
|
|
|
|
CASH AND INVESTED ASSETS |
|
|
|
|
|
|
Cash and Equivalents |
|
$ 394,670 |
|
Bonds |
|
12,879,277 |
|
Stocks |
|
1,353,733 |
|
|
|
|
TOTAL CASH AND INVESTED ASSETS |
14,627,680 |
|
|
|
|
OTHER ASSETS |
|
|
|
|
|
Investment Income / Current Receivables |
|
666,472 |
|
Land and Building (Net of Depreciation of
$115,650 at July 31, 2003)
Furniture and Equipment (Net of Depreciation
of $43,315 at July 31, 2003)
|
|
|
970,124
|
|
12,067
|
|
|
|
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TOTAL OTHER ASSETS
|
1,648,663
|
|
|
|
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TOTAL ADMITTED ASSETS
|
$ 16,276,343
|
|
|
|
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LIABILITIES AND POLICYHOLDERS' SURPLUS |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
Loss Reserves |
|
$ 6,918,000 |
|
Unearned Premiums |
|
1,211,846 |
|
Payables / Accruals |
|
769,704 |
|
|
|
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TOTAL LIABILITIES |
8,899,550 |
|
|
|
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POLICYHOLDERS' SURPLUS |
|
|
|
|
|
8% Series A Subordinated Surplus Debentures |
|
2,645,000 |
|
Other Contributed Surplus |
|
971,917 |
|
Retained Earnings |
|
3,626,817 |
|
Current Year Gain |
|
133,059 |
|
|
|
|
TOTAL POLICYHOLDERS' SURPLUS |
7,376,793 |
|
|
|
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TOTAL LIABILITIES AND POLICYHOLDERS' SURPLUS
|
$ 16,276,343
|
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