Fraternity-Testvériség, 1988 (66. évfolyam, 1-4. szám)
1988-04-01 / 2. szám
I Page 14 TESTVÉRISÉG HUNGARIAN REFORMED FEDERATION OF AMERICA FINANCIAL REPORT-DECEMBER 31, 1987 ANNUAL STATEMENT ASSETS Bonds................................................................................................................................................................ $16,482.332 Mortgage on Loans on Real Estate .......................................................................................................... 2,209,821 Real Estate...................................................................................................................................................... 1,110,013 Certificate Loans and Liens........................................................................................................................ 779,747 Cash on Hand and on Deposit................................................................................................................. 793,317 Investment Income Due and Accrued....................................................................................................... 445,539 Premiums Collected not yet Remitted to Home Office......................................................................... 35,965 Accident & Health Premiums Due & Unpaid.......................................................................................... 278 Miscellaneous Receivable ........................................................................................................................... 1,000 TOTAL ASSETS............................................................................................................................................ $21,857,816 LIABILITIES Aggregate Reserve for Life Certificates.................................................................................................... $13,553,133 Aggregate Reserve for Accident & Health Certificates......................................................................... 48,506 Certificate & Contract Claims.................................................................................................................... 43,085 Premiums Received in Advance................................................................................................................. 108,124 Commissions Due to Field Workers.......................................................................................................... 4,755 General Expenses Due or Accrued .......................................................................................................... 113,330 Taxes, Licenses Due..................................................................................................................................... 397 Unearned Investment Income.................................................................................................................... 145 Amounts Withheld as Agent or Trustee ................................................................................................ 122,982 Adjustment Due to Foreign Exchange Rates.......................................................................................... 71,970 Liabilities for Employees Benefits.............................................................................................................. 818,507 Mandatory Securities Valuation Reserve................................................................................................ 303,910 TOTAL LIABILITIES.................................................................................................................................. $15,188,847 UNASSIGNED FUNDS.............................................................................................................................. $ 6,668,968 The certificate obligations of the Hungarian Reformed Federation of America as of December 31, 1987 have been valued in accordance with the provisions of the Insurance Law of Washington, D.C. The Federation is in good and sound financial positions, able to meet all present and future obligations. William B. Puskas, Treasurer KEY INDICATORS-1987 Year ended December 31, 1987 1986 Assets New Insurance Written Insurance in Force Investment Income Investment Yield $21,857,861 4,435,400 41,563,531 1,459,792 6.72 $21,664,447 2,310,210 40,603,763 1,452,112 6.95
