BAM Reports Second Quarter 2016 Statutory Financial Results
NEW YORK, August 12, 2016
Build America Mutual on August 10 filed its Second Quarter 2016 Statutory Financial Statements and published its Operating Supplement, reporting an 13% increase in gross par outstanding to $27.8 billion. Claims-paying resources rose $10.1 million to $617.2 million, the largest quarterly increase since the company was founded in 2012.
Build America Mutual’s Statutory Financial Statements and Operating Supplements are available in the Financial Information section of BAM’s web site at: http://buildamerica.com/financialinformation. The financial statements have also been filed with the National Association of Insurance Commissioners and the 50 state insurance regulators that license BAM.
For more information, contact Michael Stanton, Head of Corporate Strategy and Communications, at firstname.lastname@example.org or 212- 235-2575.