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.
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