Fraternity-Testvériség, 1955 (33. évfolyam, 1-12. szám)
1955-06-01 / 6. szám
TESTVÉRISÉG 19 VALUATION REPORT Published Pursuant to the Requirements of Law Made by The Hungarian Reformed Federation of America, as of December 31, 1954 (Including Death Benefit Certificates of Juvenile Branch) Admitted Assets ...............................................................................................................$6,749,282.76 Liabilities other than reserves .....................................................................................$ 168,397.20 Aggregate resreves for life certificates .......................................................................... 6,003,474.00 Aggregate reserves for accident and health certificates .............................................. 76,165.00 Total ................................................................................................................$6,248,036.20 Unassigned funds .............................................................................................................. 501,246.56 Total Liabilities ..................................................................................................................$6,749,282.76 Form of Explanation for Publication The Society’s valuation indicates that on the basis of the American Experience, American Men and 1941 Standard Industrial Tables of Mortality with interest at 3%% and 3%, the future assessments of the Society, at the net rates now being collected, together with the now invested assets, are sufficient to meet all certificates as they mature by their terms with a margin of safety of $50,246.56 (or 8.02%) over the above statutory standards. The ratios of assets and liabilities (including reserves on all statutory obligations) for the last five years is as follows: 1954 - 108.02%, 1953 - 108.24%, 1952 - 107.16%, 1951 - 108.00%, 1950 - 109.19%. State of Connecticut County of Fairfield ss: Stamford Frank E. Gerry being duly sworn, deposes and says that he is the Actuary who made the foregoing computations and answers to the questions above set forth concerning the condition of the Hungarian Reformed Federation of America, as of December 31, 1954, and that the same are correct and true to the best of his information, knowledge and belief. FRANK E. GERRY, Actuary. Subscribed and sworn to before me this 24th day of May, 1955. (SEAL) FRANCES BEAVER, Notary Public.
