Goldleaf Surety

  • Bond
    Services
    • Contract Bonds
    • Court/Fidelity Bonds
    • Large Commercial Bonds
    • License/Permit Bonds
    • Private Equity Ownership Bonds
    • Technology/Software Bonds
  • Who
    We Are
  • Why We
    Are Different
  • Forms
    Bond Kits
  • Goldleaf
    Blog
  • Contact
    Us
Home > Archives for financial statements

Understanding the Underwriter – Financial Statements

November 25, 2020by Lori Olson

A company’s financial statements are the underwriters next consideration.  Like loan officers at a bank, a surety company underwriter weighs your financial statements very heavily when determining whether you represent a risk of loss.  Again, surety bonds are a credit facility, and the surety company wants to make sure that your company is good on any losses that might be sustained.  On the assumption of zero risk, the underwriter is charged by the surety company with making sure that a company … [Read more...]

Filed Under: Goldleaf Surety Blog Tagged With: financial statements, surety bond, surety program, surety underwriter, underwriting considerations

Surety Programs and Financial Statements – Part 2

February 7, 2019by Lori Olson

In the previous blog post, we discussed one area in which accrual basis financial statements are different than a tax basis statement.  If your accountant is providing you with only an income tax basis financial statement for your bond applications, that income tax basis statement almost always understates your company’s financial strength and performance. The treatment of tax depreciation schedules is another area that illustrates how these two different types of financial statements can … [Read more...]

Filed Under: Goldleaf Surety Blog Tagged With: bonding capacity, financial statements, surety bond, surety bond program, surety program, underwriting considerations

Surety Programs and Financial Statements

January 24, 2019by Lori Olson

As 2018 has drawn to a close, many contractors are working on their year-end financials.  Your company may want to consider having your accountant prepare an accrual basis financial statement in addition to the standard income tax basis financial statement.  This accrual basis financial statement can then be used with your bond application.  If your accountant is providing you with only an income tax basis financial statement for your bond application remember this, income tax basis financial … [Read more...]

Filed Under: Goldleaf Surety Blog Tagged With: bonding capacity, financial statements, surety bond, surety bond program, surety program, underwriting considerations

Times They Are A-Changin’

February 28, 2018by Lori Olson

As the title of the famous Bob Dylan song says, Times They Are A-Changin’.  And no one knows that better than the Green Bay Packers faithful.  After their first losing season since 2008, the Packers’ owners have gone to work revamping staff and instituting a new game plan for 2018. The times may also be changing in the surety marketplace.  For several years, strong profits, inexpensive reinsurance and competition in the surety underwriting business have worked to a contractor’s advantage.  … [Read more...]

Filed Under: Goldleaf Surety Blog Tagged With: bonding capacity, financial statements, performance bond, surety bond, surety bond program, surety industry, underwriting considerations

Year End Considerations and Solid Surety Programs

January 31, 2018by Lori Olson

While a company’s year-end considerations are not a new blog topic for Goldleaf Surety (Surety Bonds & End of the Year Considerations-Part 1; Surety Bonds & End of the Year Considerations-Part 2; Surety-Oriented Considerations at Year-End; and Surety Program and Year End Considerations), it is a topic worth visiting this time of year.  How a company deals with its year-end planning can have a significant impact on its bonding program moving forward. For this reason, we feel it is … [Read more...]

Filed Under: Goldleaf Surety Blog Tagged With: bonding capacity, financial statements, surety bond, surety bond program, surety program, underwriting considerations

Surety Program and Year End Considerations

January 11, 2017by Lori Olson

It's that time of year  again to address how your company's year-end planning issues can affect your company's bonding program - both capacity as well as terms and conditions. The "quality" of year-end statements is a topic often discussed by Goldleaf Surety's Account Specialists with our clients.  In our December 3, 2014, blog post Surety Bonds and Year End Consideration we discussed the "quality" of a company's year-end financial statements and how these can affect a company's surety  … [Read more...]

Filed Under: Goldleaf Surety Blog Tagged With: bonding capacity, financial statements, surety bond, surety bond program, surety company, underwriting considerations

Bonding Capacity and Financial Statements

March 2, 2016by Lori Olson

Goldleaf Surety Services has always stressed to its clients the importance of year-end financial considerations.  Beyond a history of consistent profitability and positive cash flows, surety companies focus a lot of their attention on equity and working capital to determine what level of surety support they are willing to extend.  That is why Goldleaf Surety Services stresses to all of our clients the importance of a regular financial statement review as an important issue in maintaining or … [Read more...]

Filed Under: Goldleaf Surety Blog Tagged With: bonding capacity, financial statements, performance bond, short cut bond program, surety bond, surety bond program, underwriting considerations

Latest News

Have Yourself a Very Merry Christmas

Understanding the Underwriter – Lingering Generalities

Understanding the Underwriter – Financial Statements

Contract Bonds

Bid Bonds
Performance Bonds
Payment Bonds
Site Improvement Bonds
Subdivision Bonds

Court/Fidelity Bonds

Probate Bonds
Guardianship Bonds
Conservatorship Bonds
Mechanics Lien Bonds
Business Services Bond
Commercial Crime Bonds

Commercial Bonds

Commercial Surety Bonds
Service Contract Bonds
Supply Bonds
Supply and Install Bonds

License/Permit Bonds

Contractor License Bonds
Motor Vehicle Dealer Bonds
DMEPOS Bonds
ERISA Bonds
ICC Broker Bonds
Hard to Place Bonds

Bonds for Private Equity

Bid Bonds
Performance Bonds

Technology/Software Bonds

Technology Bid Bonds
Technology Performance Bonds
Technology Payment Bonds
Software Bid Bonds
Software Performance Bonds
Software Payment Bonds

Copyright © 2021 Goldleaf Financial, LTD. All Rights Reserved | Privacy Policy | Compliance/Disclosure | Sitemap
Developed By Vivid Image | Log in