C9?^a/p$ai 





CLAIMS 

 tbAJo 



FINANCIAL STATEMENT 



ILLINOIS AGRICULTURAL MUTUAL 

 INSURANCE COMPANY 

 Statement oi Assets and Liabilities 

 Aug. 31, 1938 



IcORCIWNAOtWVEHT 



Cash 



Invescnit-nl^ 'Afnorn/t'd Value) 



I'. S. of A. Blinds 



State atid Municipal Btinds 



Railroad and I'tilities ... . 

 Illinois Agricultural Audittni: (^< 



Other Ledger Assets 



Total 



Non-1. ediiei Assets 



Total Admitted Assets 



UABII.ITIKS, 



Reserve f<ir Losses 



Reserve for L'nearned Premiums .. 



Accruals for lixpenses 



Other Liabilities 



Total Liabilities and Reserves .. 



SI RPLl S AS OF Al G. .M. 193H . 



Total Liabilities and Surplus .. 



Stock 



$l,i21,:f.9.~l 



^16. -82.92 



»-. 509.31 



26.00 



RKSFRVES. AND Sl'RPH S 



S S16,095.00 



«.8.M(I9.9" 



lj.696..<i 



5.115.1- 



$1 



S5 1,101. 5.* 



,825.58-.9l 



4,ft9^.0- 



,881.68.1.51 



1-. i-0.0- 



,902.15.<.61 



SI 



'XH.- |(..-K 

 99H, 106.81 

 .9(12.15.1.61 



4J' 





^ 



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 directors (only six-tenths 

 of one per cent) uith similar expenses in other 

 companies. 



These facts are the final test of an eflficiently- 

 operated farmer-owned and farmer-controlled co- 

 operative enterprise attempting to serve faithfully 

 the membership that made it all possible. 



M. 



iV.o 



Eugene Curtis 

 Champaign. Oirecto 



K. T. Smith 

 drccnfleld. Diretto 



Dwight Hart 



Sh.irpshurj;. Dircto 



A. O. Eckert 



Belleville. Direct' 



Chester McCord 

 Nevvton. Director 



Charles Marshall 

 Iklkiup. Director 



Aug. G. Eggerding 

 Kcd Bud. Director 



L MUTUAL INSURANCE CO. 



