^■I-' 



Farm Bureau Insurance Companies 



Report New Gains in Rscal Year 



ILLINOIS Farm Bureau members have 

 built an insurance program that has 

 no equal. This is apparent from the 

 reports made by the three Farm Bureau 

 insurance companies at annual meetings 

 and conferences held in the Hotel Sher- 

 man, Chicago, in conjunction with the 

 30th annual meeting of the lAA. 



According to the annual reports of 

 two of these Farm Bureau insurance com- 

 panies — Country Life and Farmers 

 Mutual Reinsurance Company, farmers 

 have increased the insurance in force on 

 their lives and property in 1944 to more 

 than 5611/^ million dollars. This rep- 

 resents a net gain of some 92 million 

 dollars over 1943. 



Illinois Agricultural Mutual Insur- 

 ance Company on Sept. 30, 1944, had 

 135,748 policies in force including auto, 

 employer's liability, cargo and accident. 

 This is a new record and compares with 

 119,532 policies a year ago. lAA 

 Mutual paid dividends of more than 1 

 million dollars to policy holders during 

 the year ending Sept. 30, 1944. This 

 includes a special dividend to auto policy 

 holders of more than $719,000 and regu- 

 lar dividends of $397,000, A. E. Rich- 

 ardson, manager, reported. 



Since lA Mutual began operating on a 

 dividend paying basis in 1935 it has re- 

 turned to policyholders in the form of 

 regular and special dividends a total of 

 more than 31/2 million dollars. This 

 does not incude an amount of approxi- 

 mately $300,000 of excess premium de- 

 posits and surplus share contributions 

 which was returned to policyholders at 

 the time the company began writing its 

 non-assessable policy. 



Statistics on the operation for the past 

 year show that the premium earned in 

 all lines was $316,070.68 higher than in 

 any previous year. 



Farmers purchased life insurance from 

 Country Life in the total amount of $30,- 

 249,000 during the year ending Sept. 30, 

 1944. This was five million dollars over 

 the previous best year of the company 

 which was 1936. The net gain of busi- 

 ness in force for the last year averaged 

 more than 2 million dollars per month, 

 making the total insurance in force 

 $222,059,698 as of Oct. 1, 1944, Dave 

 Mieher, manager reported. 



During the past 151/^ years Country 

 Life has returned to policyowners and 

 beneficiaries more than 71/2 million dol- 

 lars. 



Country Life has not only rendered a 

 service by helping individuals maintain a 

 better standard of living, but it has also 

 made a vast contribution to our country. 



As of Oct. 1, 1944, 39.7 per cent of the 

 total investments of the company were in 

 government bonds. Fifty-two per cent 

 of all the investments made during the 

 past year were in government bonds. 



Dividends and claims paid to policy- 

 holders by the Farmers Mutual Rein- 



1 



Dave Mieher, manager, Country Liie In- 

 surance Company, listens to report of Dr. 

 Duane Propst, medical director, at the 

 company's conference held in conjunction 

 with the 30th annual meeting of the lAA. 



i 



Manager A. E. Richardson makes report at lA Mutual annual meeting. 



R. A. Cowles makes treosurer's report at 

 annual meetings of Farmers Mutual Rein- 

 surance and Illinois Agricultural Mutual 

 Insurance componies. 



At the speakers table of the Farmers Mu- 

 tual Reinsurance Company's annual meet- 

 ing. Not. 29, left to right, were Manager]. 

 H. Kelker; directors. Claude Hiestand, 

 Morion county: George F. Hayea, Henry: 



E. B. Reeves, Grundy; George F. Tullock, 

 Winnebago: George F. Lingenielter, Pu- 

 laski; George W. Lenhart, Vermilion; 

 Clifton Davis, Morgan: and I. E. Miller, 

 Madison. 



34 



L A. A. RECORD 



