Si ^fjippers; Sngutancc Companp

of ^eto Work

25tli   ANNUAL   STATEMENT
December    31,    1942
 

ADMITTED ASSETS

Cash in Banks and Office............$   876,936.40

*U. S. Government Bonds.......... 2,441,390.60

All Other Bonds..........................     306,628.53

Stocks—

Preferred  and  Common.......... 2,641,825.00

Premiums in Course of

Collection     not    over    three

months due ..............................     561,917.25
 

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

37,791.24
$6,866,489.02
 

LIABILITIES

Reserve for

Unearned Premiums................$3,399,168.48

Reserve for

Outstanding Losses..................     421,535.00

Reserve for Taxes and

All Other Liabilities................     289,683.89

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

Net Surplus .......... 1,756,101.65
 

Surplus to
Policy-holders .......................... 2,756,101.65
 

$6,866,489.02
 

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

On the basis of December 31, 1942 market quotations for all bonds and stocks
owned, this Company's total admitted assets would be increased to $6,997,622.97
and the surplus to policy-holders would be increased to $2,887,235.60.

Securities carried at $346,268.94 in this statement are deposited as required by law.

•'•Average maturity to first call date 32 months and to maturity date  59 months.