Annual Statement—December 31, 1942
 

ASSETS

'Bonds and Stocks........t70,568,302.00t

174,920.91

2,257,922.26

140,228.77

5,684,673.96
 

Real Estate...........

Premiums in course of collection (not 90

days overdue).........

Interest and rents accrued......

Casli on deposit and in office.....
 

Total Admitted Assets    ....   $78,826,047.90

*Valuations on basis approved by National Association of
Insurance Commissioners.—If actual December 31, 1942
market quotations of bonds and stocks liad been used the
total admitted assets would be $81,738,795.65 and policy¬
holders' surplus $54,120,858.60.

ISecurities carried at 11,223,687.00 in the above statement
are deposited for purposes required by law.
 

LIABILITIES
 

Unearned premiums ....

Losses in process of adjustment

Reserve for taxes and expenses

Reserve for dividends   .   .    .

Reserve for aU other claims   .

Capital    ...   $ 3,750,000.00
Net Surplus     .     47,458,110.85
 

* Policyholders' Surplus
 

$18,269,571.04

5,693,916.01

954,450.00

1,800,000.00

900,000.00
 

51,208,110.85
 

$78,826,047.90
 

INCOME AND PROFIT AND LOSS ACCOUNT YEAR ENDING DECEMBER 31, 1942
 

UNDERWRITING:
Premiums written .
 

Increase in unearned premium reserve .
Premiums earned ....................................._.
 

-$22,689,430.59
...    1,042,819.70
 

...$21,646,610.89
-.- 13,713,219.31
-    8,198,486.84
 

Underwriting loss.....................

INVESTMENT:

Interest, dividends and rents -
Expenses --------------....................
 

-$ 4,054,348.70
392,764.70
 

Net investment income
 

3,661,694.00
 

Net surplus December 31, 1941 (market quotations) .
Decrease in special reserves .
 

$ 3,

-   46,
 

Increase in market value of stocks and bonds (net) .
 

Loss on sales of real estate, stoelis and bonds (net)
Cash dividends declared____________.......................____
 

4
$63,
 

,296,499.74

,360,301.04

22,810.06

,018,356.00
 

,697,966.84

27,117.14

,299,991.10
 

Net surplus December 31, 1942 (market quotations) .
 

- $50,370,858.60
 

America Fore Insurance and Indemnitif Group