Surety underwriters look at an applicant’s income statement to observe profitability over a period of time, usually one fiscal year. The income statement indicates whether a company made a profit by looking at the expenses to generate revenues. Unlike the previously...
For litigation bonds, our underwriters may ask to see a principal’s financial statement as part of the application process. This is especially true if the principal is a business, organization, or corporation. Acceptable financial statements prepared by a Certified...
