Fraternity-Testvériség, 1993 (71. évfolyam, 1-4. szám)
1993-04-01 / 2. szám
FRATERNITY Page 9 FROM THE OFFICE OF THE TREASURER The financial stability of a life insurance organization is an important element in public confidence. The following information shows significant financial results as of December 31, 1992, derived from our annual statement. FRATERNITY STABILITY The Hungarian Reformed Federation of America ranks with 25 of the largest life insurance companies issuing life insurance to the public. The HRFA was established as a fraternal insurance company in 1896. It is Hungarian in origin and Christian in character. For nearly 100 years, the organization has shown consistent growth and financial stability. SOLVENCY A wide margin of Assets over Liabilities can be a significant safety factor. This indicates financial soundness and a Company’s ability to meet all obligations as they become due. The Solvency Report done by Standard Analytical Service, Inc., an independent agency, ranks 25 of the top insurance companies in the country according to assets for each $100 of Liabilities as of 12/31/92. The average of the largest Life Insurance Companies................. $104.78 The average of the HRFA............................................................. $154.75 SURPLUS FUNDS (Including Capital, if any) 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 Companies...................................... $9.10 HRFA .............................................................................................. $64.57 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 Companies ............................... $221.19 HRFA ............................................................................................ $381.39 ADDITIONAL SOCIETY STRENGTH The following ratios are per $1000 of Life Insurance in force. They further show proof of financial strength and stability. Average of Top 25 HRFA Life Companies Assets per $1000 $516.89 $160.40 Reserves per $1000 $283.25 $ 80.45 Surplus per $1000 $182.88 $ 7.32 GROWTH POTENTIAL For the year 1992, the Federation’s admitted assets increased $324,072. Profits from operations were another substantial $387,823. The HRFA showed record highs and enjoys a healthy, strong and solvent financial base. Throughout the United States individuals and families are waiting to be served. These families need a reliable individual to whom they can turn in confidence for help in planning for their future. Many individuals are looking for a company that not only offers them financial stability but also an organization that cares about them. Suzanne S. Virgulák, Treasurer
