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IFIC has posted record levels in both revenues and net income in each of the last three 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 $170 million in net admitted assets (of which $160 million is cash and other invested assets) at the 2007 fiscal year end, IFIC stands ready to meet all of its obligations. IFIC’s reinsurance treaty is made up of three of the strongest reinsurers in surety, all of whom have been assigned the highest rating possible by AM Best: A+ XV.
