Annual Statement, December 31, 1941
 

ASSETS

*Bonds and Stocks.........$68,775,085.00t

Real Estate............        928,037.74

Premiums in course of collection (not 90

days overdue)..........1,942,743.33

Interest and rents accrued......        156,568.37

Cash on deposit and in office.....5,099,333.29

Total Admitted Assets .    .    .     $76,901,767.73

•Valuations on basis approved by National Association of

Insurance Commissioners.
JSecurities carried at $1,102,421.50 in the above statement are

deposited for purposes required by law.
tContingency Reserve, representing difference between total

values carried in assets for all bonds and stocks owned and

total values based on December 31,1941 market quotations.
 

UABILITIES

Unearned premiums........  $17,226,751.34

Losses in process of adjustment   .   .   .     4,312,230.35

Reserve for taxes and expenses  ....        950,600.00

Reserve for dividends.......     1,800,000.00

Reserve for all other claims.....        900,000.00

tContingency reserve........     1,601,885.00

Capital ....  $  3,750,000.00

Net Surplus   .    .    46,360,301.04
 

Policyholders' Surplus
 

50,110,301.04
$76,901,767.73
 

INCOME AND PROFIT AND LOSS ACCOUNT YEAR ENDING DECEMBER 31, 1941.
 

UNDERWRITING:
Premiums  written
Increase in unearned premium reserve

Premiums earned              _      -     —

Losses   .                      -     .

Expenses ~

Underwriting profit

INVESTMENT:

Interest, dividends and i-ents
Expenses
 

Net investment income .
 

Net surplus December 31, 1940 (market quotations)

Deci-ease in special reserves..........................    n  .

Profit on sales of stocks and bonds (net)
 

Decrease in market value of stocks and bonds (net)...
Cash dividends declared ............_™.............................._..........................
 

Net surplus December 31, 1941 (market quotations)...
 

$19,791,575.36
1,213,052.44

$18,573,522.92
9,799,649.78
8,046,604.17
 

. $     732,268.97
 

$ 4,173,060.87
223,598.49
 

» 4,

SO,
 

,681,731.35

,615,644.95

28,743.84

124,320.00
 

$55,
5,
3,
 

450,440.14
,790,149.00
,299,990.10
 

. $46,360,301.04
 

c
 

America Fore Insurance and Indemnitif Croup