What was the total amount of Chicken Guy's admitted assets?
Chicken_Guy Franchise · 2025 FDDAnswer from 2025 FDD Document
Commission Expires May 24,
Atlantic Specialty Insurance Company Period Ended 12/31/2020
Dollars displayed in thousands
| Admitted Assets | Liabilities and Surplus | ||
|---|---|---|---|
| Imestments: | Liabilities | ||
| Bonds | $ 1,500,023 | Loss Reserves | $ 878,884 |
| Preferred Stocks | 2 | Loss Adjustment Expense Reserves | 272,666 |
| Common Stocks | 775,825 | Total Loss & LAE Reserves | 1,151,550 |
| Mortgage Loans | • | ||
| Real Estate | Unearned Premium Reserve | 593,461 | |
| Contract Loans | 2 | Total Reinsurance Liabilities | 13,171 |
| Derivatives | * | Commissions, Other Expenses, and Taxes due | 54,683 |
| Cash, Cash Equivalents & Short Term Investments | 147,406 | Derivatives | |
| Other Investments | 23,375 | Payable to Parent, Subs or Affiliates | |
| Total Cash & Investments | 2,446,629 | All Other Liabilities | 237,942 |
| Premiums and Considerations Due | 276,120 | Total Liabilities | 2,050,707 |
| Reinsurance Recoverable | 59,375 | - | |
| Receivable from Parent, Subsidiary or Affiliates | 29,538 | Capital and Surplus | |
| All Other Admitted Assets | 62,330 | Common Capital Stock Preferred Capital Stock | 9,001 |
| Total Admitted Assets | 2 |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 40–46)
What This Means (2025 FDD)
According to Chicken Guy's 2025 Franchise Disclosure Document, the company's total admitted assets amounted to $2,873,992. This figure represents the sum of various assets, including investments, cash, premiums, and receivables. These assets are what the company recognizes and reports as resources available to meet its financial obligations and support its operations.
Specifically, the admitted assets include $1,500,023 in bonds, $775,825 in common stocks, $147,406 in cash, cash equivalents & short term investments, $23,375 in other investments, $276,120 in premiums and considerations due, $59,375 in reinsurance recoverable, $29,538 receivable from parent, subsidiary or affiliates, and $62,330 in all other admitted assets.
For a prospective franchisee, this figure provides insight into the financial health and stability of Chicken Guy. A higher asset base can indicate a stronger ability to support franchisees and manage financial challenges. Reviewing the types of assets (e.g., cash vs. receivables) can further inform an understanding of the company's liquidity and financial management practices. It is important to note that this figure is a snapshot in time and should be evaluated in conjunction with other financial metrics and industry benchmarks.