Fraternity-Testvériség, 1992 (70. évfolyam, 1-4. szám)
1992-04-01 / 2. szám
FRATERNITY Page 15 KEY INDICATORS - 1991 Year ended December 31, 1991 1991 1990 Assets $22,967,159 $22,686,871 New insurance written 3,334,000 3,975,000 Insurance in force 44,886,674 44,139,394 Investment income 1,620,155 1,604,638 Investment yield 7.37 7.38 Solvency ratio 152.39 150.85 Unassigned Fund-Surplus 7,895,919 7,647,640 Dues income 661,505 750,917 BENEFITS PAID TO MEMBERS Death 351,400 390,560 Matured 335,699 344,685 Surrendered 349,717 378,566 STUDENT AID & LOAN FUND Financial Status December 31 , 1991 Balance on checking account 12/31/1990 $7,248.26 Income 1991: Donations $4,527.00 Interest 4,206.23 8,733.23 TOTAL $15,981.49 Disbursements 1991: Aid to Students $12,400.00 Filing Fee 25.00 $12,425.00 Balance on checking account 12/31/1991 $3,556.49 SAVINGS ACCOUNTS OF THE HRFA STUDENT AID & LOAN FUND 1. Chevy Chase Savings 30,489.95 Account #001-835984-1 2. Perpetual Savings Bank 38,070.59 Account #65003683 3. Riggs National Bank 21,396.81 Account #80-794-815 TOTAL ASSETS as of December 31, 1991 $93,522.94 William B. Puskas, Treasurer Financial StahilitV The ,inanc'al condition of a life insurance organization is an important element in public l lllcuiwai ü LCiLriiiLj confidence. In this regard we believe the fundamental factors listed below are significant. The following is a COMPARATIVE ANALYSIS of these basic factors, comparing HUNGARIAN REFORMED FEDERATION OF AMERICA with 25 of the largest United States life insurance companies issuing life insurance to the general public. Since these 25 companies have an average of over 100 years of life insurance experience, and own a major portion of the invested assets and life insurance in force of all the companies, a favorable comparison of these factors can be indicative of financial stability. BASIC SIGNIFICANT FACTORS —AS OF DECEMBER 31,1991 DERIVED FROM THE ANNUAL STATEMENT (The Companies listed below are 25 of the largest by the amount of Assets held for the protection of their policyholders.)__________ C vencv A wide margin of Assets over Liabilities canbea significant safety factor. This indicates financial soundness and a Company's ability to meet all obligations as they become due. Assets for each $100 of Liabilities as of Dec. 31,1991. Aetna Life Ins. and Annuity Co., CT...................$103.54 Aetna Life Insurance Company, CT......................103.67 Allstate Life Insurance Company, IL....................105.29 Connecticut General Life Ins. Co., CT.................103.73 Connecticut Mutual Life Ins. Co., CT..................104.96 Continental Assurance Company, IL ................. 109.69 Equitable Life Assurance Society, NY ................102.25 Hartford Life Ins. Co., CT.......................................103.77 IDS Life Insurance Company, MN .......................102.91 Jackson National Life Ins. Co., Ml .......................105.31 John Hancock Mutual Life Ins. Co., MA..............104.56 Lincoln National Life Ins. Co., IN .........................104.69 Massachusetts Mutual Life Ins. Co., MA.............104.87 Metropolitan Life Insurance Co., NY....................104.49 Mutual Life Insurance Co. of New York, NY .......103.86 Nationwide Life Insurance Co., OH .....................103.96 New England Mutual Life Ins. Co., MA...............103.36 New York Life Ins. and Annuity Corp., DE..........105.36 New York Life Insurance Co., NY........................106.53 Northwestern Mutual Life Ins. Co., Wl.................105.18 Pacific Mutual Life Ins. Co., CA...........................103.36 Principal Mutual Life Ins. Co., IA..........................104.39 Prudential Insurance Co. of America, NJ............104.60 State Farm Life Insurance Co., IL........................112.85 Travelers Insurance Company, CT......................106.09 AVERAGE 25 OF THE LARGEST LIFE CO'S...........$104.61 HUNGARIAN REFORMED FEDERATION ..$152.39 Slimlll«; Funds (Including Capital, if any) OUipiUö rUilUS per $100 of Policy Reserves: A high surplus ratio may indicate a company's ability to take emergencies in stride. It shows the proportion of surplus funds to the policy reserve liabilities. AVERAGE 25 OF THE LARGEST LIFE CO'S.............$8.76 HUNGARIAN REFORMED FEDERATION ....$59.90 Interest Earned to Required Net Investment Income for each $100 of Tabular Interest: This ratio shows the proportion of investment income actually earned on invested assets over the amount required to be earned (tabular interest) to maintain policy reserves. AVERAGE 25 OF THE LARGEST LIFE CO'S.........$227.66 HUNGARIAN REFORMED FEDERATION ..$351.24 Additional Society Strength The following ratios are Per $1000 of Life insurance in force. They show further proof of financial strength and stability: Assets per $1000.............. Reserves per $1000.......... Surolus Der $1000............. This Society ..............$511.67 .............. 293.64 .............. 175.91 Average 25 of the Largest Life Companies $159.81 80.46 7.05 FINANCIAL STATEMENT SUMMARY AS OF DECEMBER 31,1991 Admitted Assets Policy Reserves $22,967,159.00 $13,180,802.00 Liabilities Total Income $15,071,240.00 $ 2,306,540.00 Gross Surplus (incl. Capital, if any) Insurance in Force $ 7,895,919.00 $44,887,000.00 Conclusion Based on the financial results achieved in the year ended 1991, the analysis made of the above organization is favorable in comparison with the aggregate averages of 25 of the LARGEST COMPANIES. I
