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27th   ANNUAL   STATEMENT
December    31,    1944
 

ADMITTED ASSETS

Cash in Banks and Office............$   566,306.49

U. S. Government Bonds............ 3,631,552.00

All Other Bonds..........................       68,219.18

Stocks—

Preferred and Common............ 2,865,175.00

Premium Balances

Under 90 days due..................     569,147.57
 

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

43,529.26
 

$7,743,929.50
 

LIABILITIES

Reserve for

Unearned Premiums................$3,471,895.93

Reserve for

Outstanding Losses..................     591,189.00
 

Reserve for Taxes and
All Other Liabilities
 

152,058.22
 

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

Net Surplus .......... 2,528,786.35
 

Surplus to

Policy-holders .......................... 3,528,786.35
 

$7,743,929.50
 

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

On the basis of December 31, 1944 market quotations for all bonds and stocks
owned, this Company's total admitted assets would be increased to $7,828,027.41
and the surplus to policy-holders would be increased to $3,612,884.26.

Securities carried at $341,166.90 in this statement are deposited as required by law.