William Penn, 1957 (40. évfolyam, 1-12. szám)

1957-04-03 / 4. szám

1957. április 3. 11-IK OLDAL William Penn 477 (V.) Niles, Ohio Mr. Leslie R. Monos, Sr. 128 Franklin Avenue Niles, Ohio 478 (V.) Bobtown, Pa. Mrs. Lewis Bodnar ' Box 124. Bobtown, Pa. 480 (V.) Caldwell, N. J. Mrs. Helen Vadas 31 Washington Ave. Caldwell, N. J. 483 (V.) Colver, Pa. Mr. Joseph Bolgár Box 36 . Colver, Pa. 485 (V.) Lebanon, Pa. Mr. Michael Black 516 E. Weidraan St. Lebanon, Pa. 487 (V.) Windsor, Ohio Mrs. Valentine Czomba R.F.D. 1 . Windsor, Ohio 488 Castalia, Ohio Mrs. Helen Kuhn Washington and Jefferson Sts. Box 109 Castalia, Ohio 4S9 (V.) Mantua, Ohio Mr. John Kerner ' R. F. D. 3. Mantua, Ohio 496 (V.) Cass City, Mich. Mr. Louis Franks, Jr. R. 2 Cass City, Michigan 499 (V.) Harrisburg, 111. Mr. William Kovach 24 S. Shaw St. Harrisburg, Illinois 500 (V.) Detroit, Michigan Mrs. Mary Gyiraszin 17196 Mendota St. Detroit 21, Mich. 501 (V.) Carteret, N. J. Mr. Joseph Hollo District Manager 217 Smith St. Perth Amboy, N. J. 511 (V.) Detroit, Michigan Mr. John J. Vass District Manager 7070 Rowran Street Detroit 9, Mich. 520 (V.) Jerome, Pa. Mr. John Zambanini ' Box 349. Jerome, Pa. 525 (V.) Los Angeles, Calif. Mr. Alexander Gyulay ' 6713 Costello Ave. Van Nuys, Calif. 533 (V.) Barberton, Ohio Mr. John Kamany 198 First St., N. W. Barberton, Ohio 541 (Y.) Cherry Valley, Pa. Mr. Joseph Szabó R. 0. 3. Burgettstown, Pa. 542 (Y.) Hutchinson, Pa. Mr. Martin Kolenc Box 43. Hutchinson, Pa. 545 (V.) Conway, Pa. Mr. Matt J. Havranek ' 1201 Third Avenue ' P. O. 347. Conway, Pa. 546 (V.) Homer City, Pa. Mr. Julius Sipos R. D. 2, Box 70 Homer City, Pa. 548 (V.) Rivesville, WT. Va. Mr. Alex Nagy ' P. O. Box 43. Rivesville, W. Va. 555 (V.) Martin, Pa. Mr. Peter Padar P.O. Box 17 Leckrome, Pa. 559 (V.) Indianapolis, Ind. Mr. Martin Aslos 410 Limestone St. Indianapolis 2, Indiana 562 (V.) Salina, Pa. Mr. John Galo " Box 176. Salina, Pa. 564 (V.) Tiltonsville, Ohio Mr. Vince Csehi ' Box 142. Tiltonsville, Ohio 566 (V.) Farmington, W. Va. 1 Mr. John A. Hornyak Box 553. Farmington, W. Va. 568 (V.) Blaine, Ohio Mr. Frank Nagy Box 298. Blaine, Ohio 569 (V.) West Mifflin, Pa. Mr. Joseph Nagy 221 Virginia Ave. West Mifflin, Pa. 573 (V.) Cleveland, Ohio Mr. Coloman Bertalan District Manager 3609 Lorain Avenue Cleveland 13, Ohio 575 (V.) Pittsburgh, Pa. Mr. Frank Gyapjas 120 Flowers Avenue Pittsburgh 7, Pa. FONTOS ÉRTESÍTÉS Tisztelettel hozzuk tagtársaink és magyar testvéreink tudomására, hogy Egyesületünk kiadásában megjelenik cca 200 oldalas terjedelemben: “William Penn Angol Magyar Kézikönyv” címmel egy nyelvtani és szótárrészt tartalmazó zsebkönyv. Ezt a $2.00 értékű kiadványunkat ingyenesen adjuk elsősorban menekült testvéreink kezébe első segítségnek a nyelv elsajátítására, de készséggel megküldjük tagtársaink­nak, magyar testvéreinknek is. akik ezt Egyesületünknél megrendelik. Mindössze azt kérjük, hogy a csomagolás, ke­zelés, postázás költségeinek fedezésére, rendeléseikhez mellé­keljenek ötven centet; bélyegben, csekkben, money order-en és a rendelést Központi Hivatalunk ( William Penn Fraternal Association, 436 Fourth Ave., Pittsburgh 19, Pa.) címére küldjék s A BORÍTÉKRA NAGY BETŰKKEL ÍRJÁK: “BOOK ORDER“. Testvéri köszöntéssel a WILLIAM PENN FRATEENALIS EGYESÜLET IGAZGATÓSÁGA ÉS KÖZPONTI TISZTIKARA VALUATION REPORT HARLEY N. BRUCE & ASSOCIATES Consulting Actuaries FOUNDED 1929 7620 North Rogers Avenue, Chicago 26, Illinois. March 4, 1937 William Penn Fraternal Association 436 Fourth Avenue Pittsburgh 19, Pennsylvania. Re: 1956 Operations Gentlemen: The William Penn Fraternal Association continued its strong growth through 1956 by increasing the insurance in force to $78,216,831.00. assets to $25,344,498.62 and surplus to $1,832,603.17. New business written in the amount of $6,421,219.00 reflects the favorable response of the public to the new pro­gram of increased coverage and protection initiated by the Officers of the As­sociation during 1956. A growing part of the membership has increased their insurance with the Association believing that the increased strength and efficiency of operation resulting from the merger of the Verhovay and Rákóczi enables the Associa­tion to improve the benefits to its membership in the form of savings, added protection, additonal security and dividends. The William Penn has increased its surplus to $1,832,603.17 reflecting“ a solvency ratio of 107.79%, which is higher than the previous year. This solvency ratio means that the Association holds $107.79 of net admitted assets behind each $100.00 or liabilities. Since many hundreds of thousands of dollars of extra reserve liabilities have been voluntarily established by the Association, the members have a further guarantee that all claims will be paid in full as they arise. The net rate of interest earned on the invested assets is 2.80%. The amount earned was $686,011.17, which is in excess of the amount of {5668,176.00 re­quired by the Association to meet the interest bearing liabilities. This is a very favorable rate of return on an exceptionally high quality investment portfolio, particularly since the Association (in contrast to the practice of many other fraternals) deducts all investment expenses before computing the net return. The mortality ratio of 52.07% on the gross amount at risk basis is very favorable, and represents a continuation of comparable experience of previous years. Therefore, it is the conclusion of your actuaries that this experiencei reflects superior underwriting selection as well as superior mortality exper­ience. Reserves are maintained on the conservative interest assumptions of 3% or 2‘/2% with extra reserves voluntarily established as an additional safeguard to further guarantee the payment of all claims as they arise. Cash payments to the membership were over $1,925,000. The Association realized earnings of $148,002.00 from insurance operations after the aforesaid payments were made to members. In addition, the Association enjoyed $47,348.65 of net capital gains. CONCLUSION The William Penn is building and growing upon the solid foundations of intelligent progressive management and aggressive sales promotion, combined with maximum financial security to the members. The year 1956 represents the first complete year of operation of the great new William Penn Fraternal Association, for which the trends and statistics mark the beginning of a new era of ever increasing success and prosperity. Respectfully submitted, HARLEY N. BRUCE & ASSOCIATES Consulting Actuaries ANNUAL STATEMENT FOR THE YEAR 1956 OF THE WILLIAM PENN FRATERNAL ASSOCIATION ASSETS i Dollars Cents •Bonds ........................................................................................................... 21,190.183.99 “Stocks ....................................................-........-...............................-....... 290,948.00 Mortgage loans on real estate ............................................................ 2,137,933.25 Real estate Properties occupied by the Society .................. $380,452.91 Investment real estate ........._.............................. 36,913.99 417,366.90 Certificate loans and liens .................................................................... Cash and bank deposits ........................................................................... Premiums actually collected by subordinate lodges not yet re mitted to Home Office .................................................................... Interest and other investment income due and accrued ................ TOTAL ............................................................................. * State basis of valuation: Bonds — Amortized or Investment Value Stocks — Market Value LIABILITIES, SPECIAL RESERVES AND UNASSIGNED FUNDS 744,951.72 299.514.11 63.231.57 200,368.78 25,344,498.62 Dollars Cents Aggregate reserve for life certificates and contracts .............. 21,983,761.00 Aggregate reserve for accident and health certificates .............. 711,292.61 Supplementary contracts without life contingencies .................. 7,150.25 Certificate and contract claims Life ......................................................................................... 40,000.00 Accident and Health .............................................................. 54,443.96

Next

/
  • Layout
  • Zoom
  • Rotation
Thumbnails
Contents