Annual Statement, December 31, 1934
 

ASSETS

•Bonds and Stocks.....$48,795,590.00t

Real Estate.......1,738.307.24

Premiums in course ol collection (not 90 days overdue) 2,344,585.03

Interest and rents accrued     .....      169,732.71

Cash on deposit and in office     ....     1,988.560,50

*Total Assets          .                $55,036,775.48

*Valuations on basis approved by National Convention of Insurance
Commissioners.— If actual December 3 1.1934 market quotations
of bonds and stocks had been used ttie assets would be
$56,311.772.36 and policyholders' surplus $33,879,821.77

Securities carried at $636,041.50 in the above statement are
deposited for purposes  required by law.
 

LIABILITIES
 

Unearned premiums
 

$16,194,223.20
 

Losses in process of adjustment  ,
 

.     .       3,001,280.39
 

Reserve for taxes and expenses
 

.     .          797,000.00
 

Reserve for dividends
 

.     .        1.039,447.00
 

Reserve for all other claims
 

.     .        1,400,000.00
 

Capital
 

$ 3.464.824.84
 

*Net Surplus
 

29.140.000.05
 

* Policyholders' Surplus
 

32.604.824.89
 


 

$55,036,775.48
 

INCOME AND PROFIT AND LOSS ACCOUNI FOR YEAR ENDING DECEMBER 31. 1934

INCOME:

Premium............................................................................................................................................. $    15.715,227.19

Interest, dividends and rents.............................................................................................................         2.235.737.57

Decrease in unearned premium reserve............................................................................................           297.719.19

Profit on sales of stocks and bonds (netl   ............................................................................................           276,988.00

Increase by adjustment in value of stocks and bonds (net)  'market quotations)................................   __ 4^517,089.00

$   23,042.760.95

DISBURSEMENTS:

Losses...................................................................................................... ..................$    7.979,965.15

Expenses.....................................................................................................................     7.005,620.17

Cash dividends............................................................................................................      1.870,967.20__16.856,552.52

Increase in surplus (market quotations).................................................................................... ...........$     6.186.208.43

Net surplus December 31, 1933 (market quotations).......................................................... ..............        24,228.788.50

Net surplus December 31, 1934 (market quotations)............................................................................$  30,414,996,93
 

AMERICA    FOB.E
 

3