Fraternity-Testvériség, 1991 (69. évfolyam, 1-4. szám)
1991-01-01 / 1. szám
Page 8 TESTVÉRISÉG HUNGARIAN REFORMED FEDERATION OF AMERICA FINANCIAL REPORT-DECEMBER 31, 1990 ANNUAL STATEMENT ASSETS Bonds............................................................................................................................................................ $17,140,038 Mortgage Loans on Real Estate........................................_................................................................... 2,766,669 Real Estate, occupied by Society.............................................................................................................. 1,049,019 Other real Estate.................................................................................................................................. 5,251 Certificate Loans and Liens.................................................................................................................... 641,491 Cash on Hand and on Deposit .............................................................................................................. 567,202 Aggregate write-ins for invested assets................................................................................................ 3,265 Investment Income Due and Accrued.................................................................................................... 454,163 Premiums Collected not yet Remitted.................................................................................................... 58,485 Accident-Health Premiums Due.............................................................................................................. 283 TOTAL ASSETS........................................................................................................................................ $22,685,871 LIABILITIES Aggregate Reserve for Life Certificates................................................................................................ $13,201,446 Aggregate Reserves for Accident-Health Certificates......................................................................... 104,415 Certificate-Contract Claims .................................................................................................................... 106,615 Premiums Received in Advance.............................................................................................................. 75,315 Commissions Due to Field Workers....................................................................................................... 2,951 General Expenses Due and Accrued .................................................................................................... 80,558 Taxes, Licenses Due.................................................................................................................................. 208 Unearned Investment Income................................................................................................................. 180 Amounts withheld as Agent or Trustee................................................................................................ 136,172 Adjustment Due to Foreign Exchange Rates ...................................................................................... 115,047 Liabilities for Employees Benefits.......................................................................................................... 969,915 Mandatory Securities Valuation Reserve ............................................................................................. 239,573 Aggregate Write-Ins for Liabilities.......................................................................................................... 5,832 TOTAL LIABILITIES.............................................................................................................................. $15,038,231 UNASSIGNED FUNDS-SURPLUS.................................................................................................... $ 7,647,640 The certificate obligations of the Hungarian Reformed Federation of America as of December 31, 1990 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-1990 Year ended December 31 1990 1989 Assets.................................................. $22,685,871 $22,454,818 New Insurance Written................. 3,975,000 4,139,558
