Panketfii & ^ttppers; Mmtmtt Company

22ND   ANNUAL   STATEMENT
December    31,    1939
 

ASSETS

U. S. Government Bonds............$1,893,317.80

All Other Bonds..........................     519,130.64

Stocks-
Preferred  and  Common.......... 3,437,645.00

Premiums in Course of

Collection    not    over    three

months due..............................     567,431.62

Accrued Interest and

Other Items ............................       18,609.56

Cash   ............................................     792,702.85
 

LIABILITIES

Reserve for

Unearned Premiums................$3,576,033.85

Reserve for

Outstanding Losses ................     302,326.00

Reserve for Taxes and

All Other Liabilities................     179,951.08

Capital ..................$1,000,000.00

Net Surplus .......... 2,170,526.54
 

Surplus to

Policy-holders .......................... 3,170,526.54
 

$7,228,837.47
 

$7,228,837.47
 

Bonds and Stocks valued on basis fixed by the New York Insurance Department.
Securities carried at $350,380.28 in this statement are deposited as required by law.
On the basis of December 31, 1939 market quotations for all bonds and stocks o'wned, this Company's total
admitted  assets  would  be  increased  to  $7,257,170.81   and the  suiplus  to policy-holders  would  be increased to
$3,198,859.88.