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IFIC has achieved both net income and underwriting profits in each of the last seven years. The company is rated excellent A- VII by AM Best. IFIC’s balance sheet and history demonstrate a strong capital commitment by its shareholders. Our company has never paid a common stock dividend and has never had any debt on its statutory balance sheet. With over $227 million in net admitted assets (of which $220 million is cash and other invested assets) at the 2009 fiscal year end, IFIC stands ready to meet all of its obligations. IFIC’s reinsurance treaty is made up of two of the strongest reinsurers in surety, both of which have been assigned the highest rating possible by AM Best: A+ XV.
