Fraternity-Testvériség, 1964 (42. évfolyam, 1-12. szám)
1964-03-01 / 3. szám
FRATERNITY 11 VALUATION EXHIBIT Published Pursuant to the Requirements of Law by the HUNGARIAN REFORMED FEDERATION OF AMERICA AS OF DECEMBER 31, 1963 (Including Death Benefit Certificates of Juvenile Branch) Total Admitted Assets......................................................$13,120,458.55 Aggregate Reserves for Life Certificates......................$11,329,407.00 Aggregate Reserves for Accident, Health Certificates 88,858.00 Liabilities Other Than Reserves...................................... 505,680.37 Total Liabilities..........................................................$11,923,945.37 Unassigned Funds.............................................................. 1,196,513.18 Total.............................................................................$13,120,458.55 The Society’s valuation as of December 31, 1963, indicates that on a basis of the American Experience, American Men and 1941 Standard Industrial Tables of Mortality with interest at 3Y2% and 3%, the future assessments of the Society, at the net rates now being collected, together with the now invested assets of all funds, are sufficient to meet all certificates as they mature by their terms with a margin of safety of $1,196,513.18 (or 110.3%) over the above statutory standards. The rate of assets to liabilities (including reserves on all statutory obligations) for the last five years are as follows: 1963 — 110.3%; 1962 — 110.2%; 1961 — 109.97%; 1960 — 108.16%; 1959 — 107.56%. ★ ★ ★ Washington ) District of Columbia ) J. L. Wizon, being duly sworn, deposes and says that he is the actuary who made the foregoing computations and answers to questions above set forth concerning the condition of The Hungarian Reformed Federation of America, as of December 31, 1963, and that the same are correct and true to the best of his information, knowledge and belief. J. L. WIZON, Actuary Subscribed and sworn to before me this 5th day of March, 1964 Anne O. Korocz, Notary Public (Seal) My Commission Expires August 14, 1965
