Sc ^dtppetsi ^nsiurance Comt)an|)
21ST ANNUAL STATEMENT
December 31, 1938
ASSETS
U. S. Government Bonds............$2,016,436.65
All Other Bonds.......................... 555,634.40
Stocks—
Preferred and Common..
3,157,325.00
Premiums in Course of
Collection not over three
months due .............................. 572,800.07
Accrued Interest and
Other Items ........
17,650.05
Cash ............................................ 597,786.32
$6,917,632.49
LIABILITIES
Reserve for
Unearned Premiums ..............$3,246,998.16
Reserve for
Outstanding Losses ................ 302,934.00
Reserve for Taxes and
All Other Liabilities................ 178,039.95
Contingency Reserve,
representing difference between
total values carried in assets for
all bonds and stocks owned and
total values based on December
31, 1938 market quotations...........
30,143.05
Capital ..................$1,000,000.00
Net Surplus .......... 2,159,517.33
Surplus to
Policy-holders .......................... 3,159,517.33
$6,917,632.49
Bonds and Stocks valued on basis fixed by the New York Insurance Department.
Securities carried at $345,531.33 in this statement are deposited as required by law.
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