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AIM Balance Sheet Fall 2008
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ATTORNEYS INSURANCE MUTUAL OF ALABAMA, INC. |
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Balance Sheet - Statutory Basis |
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July 31, 2008 |
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(Unaudited) |
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ADMITTED ASSETS |
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CASH AND INVESTED ASSETS |
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Cash and Equivalents |
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$ 748,876 |
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Bonds |
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11,351,446 |
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Stocks |
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3,512,164 |
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TOTAL CASH AND INVESTED ASSETS |
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15,612,486 |
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OTHER ASSETS |
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Investment Income / Current Receivables |
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694,758 |
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Land and Building (Net of Depreciation of |
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$238,464 at July 31, 2008) |
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911,767 |
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Furniture and Equipment (Net of Depreciation |
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of $39,018 at July 31, 2008) |
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17,398 |
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TOTAL OTHER ASSETS |
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1,623,923 |
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TOTAL ADMITTED ASSETS |
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$ 17,236,409 |
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LIABILITIES AND POLICYHOLDERS' SURPLUS |
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LIABILITIES |
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Loss Reserves |
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$ 6,175,000 |
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Unearned Premiums |
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1,396,568 |
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Payables / Accruals |
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1,142,952 |
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TOTAL LIABILITIES |
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8,721,520 |
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POLICYHOLDERS' SURPLUS |
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Contributed Surplus |
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1,061,460 |
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Retained Earnings |
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7,556,599 |
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Current Year Gain/(Loss) |
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(103,170) |
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TOTAL POLICYHOLDERS' SURPLUS |
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8,514,889 |
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TOTAL LIABILITIES AND POLICYHOLDERS' SURPLUS |
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$ 17,236,409 |
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