Fraternity-Testvériség, 1956 (34. évfolyam, 1-12. szám)
1956-04-01 / 4-5. szám
34 FRATERNITY VALUATION EXHIBIT Published Pursuant to the Requirements of Law Made by The Hungarian Reformed Federation of America As of December 31, 1955 (Including Death Benefit Certificates of Juvenile Branch) Admitted Assets ................................................................$7,351,929.12 Liabilities other than reserves .......................................$ 192,203.07 Aggregate reserves for life certificates ........................... 6,525,056.00 Aggregate reserves for accident & health certificates 77,147.00 Total.................................................................$6,794,406.07 Unassigned funds .............................................................. 557,523.05 Total Liabilities ..................................................................$7,351,929.12 Form of Explanation for Publication The Society’s valuation indicates that on a basis of the American Experience, American Men and 1941 Standard Industrial Tables of Mortality with interest at 31/2% 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 $557,523.05 (or 8.21%) over and above the statutory standards. The ratio of assets to liabilities (including reserves on all statutory obligations) for the last five years is as follows: 1955 — 108.21%; 1954 — 108.02%; 1953 — 108.24%; 1952 — 107.16%; 1951 — 108.00%. State of Connecticut) County of Fairfield ) ss: Stamford Frank E. Gerry, being duly sworn, deposes and says that he is the Actuary who made the foregoing computations and answers to the questions above set forth concerning the condition of the Hungarian Reformed Federation of America, as of December 31, 1955, and that the same are correct and true to the best of his information, knowledge and belief. Frank E. Gerry, Actuary
