Bethlen Almanac 1998 (Ligonier)

The Hungarian Reformed Federation of America

Statistics from the Annual Statement Year Ended December 31,1997

Total admitted assets

$23,501,186

Total liabilities

14,467,825

Net investment income

1,409,646

Net premium income

497,620

Unassigned funds (surplus)

9,033,361

Net income

270,060

Increase (decrease) in capital and surplus

822,363

Insurance in force

44,551,371

New Insurance written in 1997

1,966,000

Number of certificates in force:

15,453

Number of certificates issued in 1997:

243

Benefits paid to members in 1997:

Death

$252,163

Matured

142,345

Surrender

178,053

Student Aid & Loan Fund of the HRFA

Balance on checking account (on 12/31/96)$

24,998.29

Income - 199720,843.40

Disbursements - 199739,375.40

Balance on 12/31/19976,466.29

Savings Accounts of the Student Aid & Loan Fund of the HRFA:

Registered Bond 60M Pacific Bell$

60,000.00

Registered Bond 40 M US Leasing40,000.00

RIMCO US Treasury MM17,541.09

Checking Account at Riggs National Bank6.466.29

TOTAL ASSETS AS OF 12/31/1997

$124,007.38

Suzanne S. Virgulák, HRFA Treasurer

In 1998, the Federation granted Student Aid to 21 students in the total amount of $10,500.00.

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