Fraternity-Testvériség, 1995 (73. évfolyam, 1-4. szám)
1995-04-01 / 2-3. szám
FRATERNITY Page 11 FROM THE TREASURER'S DEPARTMENT HUNGARIAN REFORMED FEDERATION of AMERICA FINANCIAL REPORT - DECEMBER 31, 1994 ANNUAL STATEMENT COMMENTARY-Y^/Tie HRFA’s financial base remained healthy, strong and solvent in 1994. The amount of new insurance written increased, and First Year Premium Income was the best in the last five years. The solvency ratio was $153.52 per $100 of liabilities, the liquidity ratio was $124.09 for each $100 of liabilities. These factors all indicate a sound financial base. Bonds Stocks Mortgage Loans on Real Estate Real Estate Occupied by Society Certificate Loans and Liens Cash on Hand and on Deposit Investment Income Due and Accrued Premiums Collected not yet Remitted TOTAL ASSETS Aggregate Reserve for Life Certificates Aggregate Reserve for Accident Health Certificates Certificate-Contract Claims Premiums Received in Advance Commissions Due to Field Workers General Expenses Due and Accrued Adjustment Due to Foreign Exchange Rates Liabilities for Employees Benefits Interest Maintenance Reserve Asset Valuation Reserve Aggregate Write-Ins for Liabilities TOTAL LIABILITES UNASSIGNED FUNDS - SURPLUS ASSETS $17,538,563 801,248 2,545,410 970,634 330,093 511,923 604,013 21,961 $23,323,845 LIABILITIES $12,496,284 69,760 42,522 102,006 12,466 67,102 161,277 1,199,663 335,341 424,389 269,362 $15,180,172 $8,131,391 KEY INDICATORS 1994 Assets New Insurance Written Insurance in Force Certicates in Force Investment Income Investment Yield (%) Solvency Ratio Unassigned Funds - Surplus Mortality Rate Experience Dues Income $23,323,845 3,840,000 46,500,000 16,336 1,384,855 6.1 153.5 8,131,391 63.5 610,628 BENEFITS PAID TO MEMBERS Death Matured Surrender 328,387 375,524 310,529
