Financials

Alpha Re Limited
Balance Sheet

As at December 31, 2014

Audited 
31-Dec-14

ASSETS
Cash and cash equivalents 17,654,340
Trust Investments 265,214,996
Accrued Interest 733,500
Accounts Receivable 36,640
Insurance Balances Receivable 388,125
Prepaid Expenses 213,021
Other Assets 853,946
TOTAL ASSETS 285,094,569
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities
Accrued Expenses 631,705
Insurance Balances Payable 2,847,886
Payable to Parent 3,000,000
Outstanding Loss Reserve 219,734,274
226,213,866
Shareholders’ equity
Share capital 10,000,100
Additional paid in capital 25,647,977
Contingency Reserve 28,077,969
Retained earnings (4,845,344)
58,880,702
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 285,094,568
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