To retain the trust of fund members and the confidence of brokers across the state, ARC believes it is vital to be financially transparent. This is why ARC publishes our full, audited financials with notes annually.
Take a moment to review the highlights below. A link to the complete, audited financials with notes is below the summary.
|
Audited 2019 Year End |
Audited 2020 Year End |
|
|
Total Assets |
$96,322,216 |
$100,772,750 |
|
Claims Liabilities |
$31,553,254 |
$31,886,620 |
|
Retro Reserves |
$40,721,330 |
$43,152,033 |
|
Other Liabilities |
$4,858,163 |
$4,299,728 |
|
Total Liabilities |
$77,112,747 |
$79,338,381 |
|
Members’ Equity |
$19,209,469 |
$21,434,369 |
|
Total Liabilities |
$96,322,216 |
$100,772,750 |
|
|
|
|
|
2019 |
2020 |
|
|
Total Revenues |
$24,220,228 |
$23,769,520 |
|
Total Expenses |
$13,264,870 |
$15,013,316 |
|
|
|
|
|
Net Income |
$10,955,358 |
$8,756,204 |
Read Full Audited Financials with Notes
With more than $43 million put away for future Retro Returns and more than $21 million in Members Equity, ARC’s financial strength and stability is clear.
If you have any questions about this information, please contact ARC Fund Manager, Brett Johnson.