Financial Data for
Appalachian Insurance Company

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FEIN 05-0284861
NAIC# 10316
A.M. Best Rating * A+
State of Domicile Rhode Island , USA
Location of Main
Admin. Offices		 Johnston, Rhode Island
Incorporation Date 4/14/1941
Parent FMIC Holdings, Inc.
Website http://www.fmglobal.com

YEAR201220112010200920082007
Total Admitted Assets233,622,949237,488,145246,150,955221,848,563189,083,780216,281,814
Total Liabilities63,875,40682,453,11489,122,30977,939,69066,972,32999,198,745
Capital & Surplus169,747,543155,035,031157,028,646143,908,873122,111,451117,083,069
Premiums and Agent's Balances16,833,85316,140,57013,461,36415,995,63613,317,15114,086,205
Losses27,714,97931,883,83235,383,13025,163,59244,118,35151,599,576
Loss Adjustment Expenses3,639,0565,156,4665,901,43312,460,2617,416,9398,068,097
Underwriting Gain/Loss10,162,889(12,366,451)11,946,75019,865,606730,52516,435,354
Net Income (Loss) After Tax14,380,924(2,598,110)13,657,55222,645,3884,653,73816,893,567
Cash Flow From Operations15,136,562(1,611,942)(7,570,436)27,709,841(25,912,199)33,482,691
Unrealized Capital Gains (Losses)000000
Gross Premium80,039,40472,783,76473,293,91878,651,08075,614,50268,480,918
Net Premium66,120,82958,770,28955,857,62460,504,49353,736,37254,311,961
Gross Premium to Surplus Ratio47.2% 46.9% 46.7% 54.7% 61.9% 58.5%
Net Premium to Surplus Ratio39.0% 37.9% 35.6% 42.0% 44.0% 46.4%
Direct Premium - National14,414,18614,003,46017,747,51318,480,32622,196,09414,486,401
Direct Premium - Florida (Sch. T)3,537,4353,665,2685,455,2536,053,2788,060,6263,329,996
% of Direct Premium in Florida24.5% 26.2% 30.7% 32.8% 36.3% 23.0%
Rank Among all eligible InsurersN/AN/AN/A726887
Combined Ratio85.0% 121.0% 79.0% 67.0% 98.0% 70.0%
Losses Incurred Ratio 57.0% 92.0% 47.0% 38.0% 72.0% 40.0%
Loss Expenses Incurred Ratio3.0% 3.0% 4.0% 4.0% 5.0% 5.0%
Other U/W Expenses Incurred Ratio25.0% 26.0% 28.0% 25.0% 21.0% 25.0%




(05-0284861)
Quarterly Financial Data (2012) for
Appalachian Insurance Company

QUARTER2012-Q12012-Q22012-Q3
Total Admitted Assets226,178,957232,996,242230,879,692
Total Liabilities67,081,03472,480,10664,575,132
Capital & Surplus159,097,923160,516,136166,304,560
Premiums and Agent's Balances15,596,94616,568,20716,624,711
Losses30,985,99730,926,53327,729,811
Loss Adjustment Expenses4,886,0284,322,3733,970,144
Underwriting Gain/Loss4,742,4932,762,8479,798,658
Net Income (Loss) After Tax4,047,8925,472,10511,375,529
Cash Flow From Operations1,400,4308,034,2049,144,471
Unrealized Capital Gains (Losses)000
Gross Premium19,150,50439,312,88659,571,261
Net Premium15,914,89332,542,33949,226,934
Direct Premium - National14,414,18614,414,18614,414,186
Direct Premium - Florida (Sch. T)3,537,4353,537,4353,537,435

Major Lines of Business in US (2011)
1 Inland Marine
2 Allied Lines
3 Ocean Marine
4 Fire
Major Lines of Business in FL (2011)
1 Inland Marine
2 Allied Lines
3 Ocean Marine
4 Fire

*A.M. Best Ratings are current as of 2/2013

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