Statement of condition ...

(New York :  Bankers & Shippers Insurance Comany  )

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  1941: Page [1]  



Pankersi ^ ^tjippersi Sn^urance Companp

of ^cto gorfe

24th   ANNUAL   STATEMENT
December   31,    1941
 

ADMITTED ASSETS

Cash in Banks and Office..............$1,032,925.17

U. S. Government Bonds.............. 2,268,222.01

All Other Bonds............................     375,533.74

Stocks—

Preferred and Common............ 2,745,190.00

Premiums in Course of

Collection     not     over     three

months due..............................      573,695.17
 

Accrued Interest and
Other Items...........
 

43,881.59
 

LIABILITIES

Reserve for

Unearned Premiums ................$3,895,352.90

Reserve for

Outstanding Losses..................     447,576.00

Reserve for Taxes and

All Other Liabilities..................     151,654.00

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

Net Surplus .......... 1,544,864.78
 

Surplus to

Policy-holders  .......................... 2,544,864.78
 

$7,039,447.68
 

$7,039,447.68
 

Bonds and Stocks valued on basis fixed by the New York Insurance Department.

On the basis of December 31, 1941 market quotations for all bonds and stocks owned,
the Company's total admitted assets and the surplus would be decreased $128,664.51.

Securities carried at $348,105.85 in this statement are deposited as required by law.
  1941: Page [1]