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Wasatch Crest Insurance Company in Liquidation |
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Balance Sheet |
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At June 30, 2007 |
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Date of Liquidation - July 31, 2003 |
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Assets |
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Invested Assests |
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Bonds |
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$0 |
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Short Term Investments |
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0 |
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Cash |
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5,290,522 |
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Total Invested Assets |
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5,290,522 |
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Other Assets |
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Other Assets |
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0 |
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Furniture, Fixtures, Equip |
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0 |
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Total Other Assets |
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0 |
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Receivables |
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Premiums Receivable |
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0 |
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Investment Income Receivable |
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17,500 |
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Due From Reinsurers |
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0 |
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Other Receivable |
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0 |
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Taxes Recoverable |
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0 |
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Total Receivables |
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112,687 |
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Total Assets |
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$5,308,022 |
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Liabilities & Capital |
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Liabilites |
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Loss and LAE Reserves: |
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Direct |
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$11,127,695 |
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Ceded |
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(10,577,807) |
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Assumed |
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2,560,491 |
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Other Policyholder
Liabilities |
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200,000 |
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Payable to Guaranty
Associations |
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789,289 |
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Reinsurance Payable |
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5,508,161 |
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Taxes Payable |
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0 |
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Accounts Payable |
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18,864 |
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Asset Valuation Reserve |
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0 |
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Other Liabilities |
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844,959 |
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Unclaimed Property |
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0 |
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Total Liabilities |
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10,471,653 |
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Capital |
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Common Capital Stock |
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2,250,000 |
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Gross Paid In and
Contributed Surplus |
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136,138,143 |
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Unassigned Funds (Surplus) |
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(144,020,371) |
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Current Period Profit
(Loss) |
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468,597 |
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Total Capital |
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(5,163,631) |
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Total Liabilities & Capital |
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$5,308,022 |
Note:
The information contained in this report
is prepared by the liquidator from
information
available to or known by the
liquidator as of the date of the report.
The liquidator makes no
warranty as to the accuracy which is subject to
change.
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