RUN A BUSINESS! 





'dS^Jt 



CO«P.MMIMtM»n 



^^^c^"" 



ft* 



FINANCIAL STATEMENT 



ILLINOIS AGRIOJLTURAL MUTUAL 

 INSURANCE COMPANY 

 Statement of Assets and Liabilities 

 Aug. 31, 1938 



ASSETS 







^1 



Cash - 



Investments (Amortized Value) 



U. S. of A. Bonds _ _<1,421,2£9.71 



State and Municipal Bonds - 516,782.92 



Railroad and Uulities _ 87,509.31 



Illinois Agiicultiual Auditing Co. Stock ~ 26.00 



Other Ledger Assets _ _ _ — 



Total _. 



Non-Ledger Assets 



Total Admitted Assets _ _ _ 



LIABIUTIES, RESERVES. AND SURPLUS 



Reserve for Losses _ _ ( 516,095.00 



Reserve for Unearned Premiums 



Accruals for Expenses „ 



Other Liabilities _ 



Total Liabilities and Reserves 



SURPLUS AS OF AUG. 31, 1938 



Total Liabilities and Surplus 



..45<,<01.5} 



368,809.97 

 13,696.34 

 i,U5.47 



1,825,587.94 



4,694.07 



1,884,683.54 



17,470.07 



$1,902,153.61 



$ 903,746.78 



998,406.83 



$1,902,153.61 





; \tm 



placed in surplus and 5.8 per cent for dividends 

 ... a total of 79 per cent paid back or held in 

 trust for the policyholder. Compare the small 

 percentage of the paid-in premium spent for cor- 

 porate management and direaors (only six-tenths 

 of one per cent) with similar expenses in other 

 companies. 



These faas are the final test of an efficiently- 

 operated farmer-owned and farmer-controlled co- 

 operative enterprise attempting to serve faithfully 

 the membership that made it all possible. 



V 



•v 



Eugene Curtis K. T. Smith 



Champaign, Director Greenfield, Director 



Dwight Hart 

 Sharpsburg, Direaor 



A. O. Eckert 

 Belleville, Director 



Chester McCord 

 Newton, Director 



Charles Marshall 

 Belknap, Direaor 



Aug. G. Eggerding 

 Red Bud, Director 



