Fraternity-Testvériség, 1990 (68. évfolyam, 1-4. szám)
1990-04-01 / 2. szám
Pages ___________________________________________________________________________TESTVÉRISÉG HUNGARIAN REFORMED FEDERATION OF AMERICA FINANCIAL REPORT-DECEMBER 31, 1989 ANNUAL STATEMENT ASSETS Bonds.............................................................................................................................................. $16,475,988 Mortgage Loans on Real Estate.................................................................................................... 2,702,989 Real Estate, occupied by Society.................................................................................................... 1,068,615 Other real Estate...................................................................................................................... 5,689 Certificate Loans and Liens.......................................................................................................... 676,043 Cash on Hand and on Deposit .................................................................................................... 849,797 Short-term Investment................................................................................................................... 190,000 Aggregate write-ins for invested assets........................................................................................ 1,429 Investment Income Due and Accrued........................................................................................... 433,607 Premiums Collected not yet Remitted........................................................................................... 50,397 Accident-Health Premiums Due.................................................................................................... 259 TOTAL ASSETS........................................................................................................................................ $22,454,818 LIABILITIES Aggregate Reserve for Life Certificates........................................................................................ $13,562,567 Aggregate Reserves for Accident-Health Certificates................................................................... 100,618 Certificate-Contract Claims .......................................................................................................... 98,717 Premiums Received in Advance.................................................................................................... 106,926 Commissions Due to Field Workers.............................................................................................. 5,419 General Expenses Due and Accrued ........................................................................................... 57,613 Taxes, Licenses Due...................................................................................................................... 1,604 Unearned Investment Income....................................................................................................... 269 Amounts withheld as Agent or Trustee........................................................................................ 118,437 Adjustment Due to Foreign Exchange Rates ............................................................................... 90,047 Liabilities for Employees Benefits................................................................................................. 903,174 Mandatory Securities Valuation Reserve ..................................................................................... 141,800 TOTAL LIABILITIES.............................................................................................................................. $15,187,194 UNASSIGNED FUNDS-SURPLUS....................................................................................................... $ 7,267,623 The certificate obligations of the Hungarian Reformed Federation of America as of December 31, 1989 have been valued in accordance with the provisions of the Insurance Law of Washington, D.C. The Federation is in good and sound financial position, able to meet all present and future obligations. William B. Puskas, Treasurer KEY INDICATORS-1989 Year ended December 31 1989 1988 Assets........................ New Insurance Written Insurance in Force . . $22,454,818 4,139,558 44,446,127 $21,623,363 4,188,500 42,812,596
