. 



Adjusters and supervisors of the claims 

 force of the Illinois Agricultural Mutual 

 Insurance Company are pictured here. 

 Top row from left to right: L. A. Moming- 

 star. Bloomington; William lellema. Chi- 

 cago: Donald G. Burton. Chicago; Clifford 

 C. Briggs. Albion: Fred R. Provines. Olney: 

 Floyd A. Lobdell. BelTidere; Glen L. 

 Ewing, Oregon: Emeison Rains. Robin- 

 son: I. C. Barrow, Belleville; A. I. Franks, 

 Peprio; Lawrence Camp. Springfield. Bot- 



tom row from left to right: Charles Earll. 

 Chicago; Paul M. Apenbrink, Quincy; Lee 

 A. Sandberg, Moline: Willis I. Martin. 

 Champaign; Frank V. Wilcox, Supervisor, 

 northwest division, Galesburg; G. R. Wil- 

 liams, Supervisor, southern division, Belle- 

 ville; Charles F. Kinney, Supervisor, cen- 

 tral division, Springfield; Vernon O. Wiles. 

 Naperville: J. O. Shryack. Bloomington; 

 Thomas E. Matthews. Chicago. 



Insurance Companies 

 REPORT NEW GAINS 



THE high esteem in which Illinois 

 Farm Bureau members hold their 

 own insurance companies is reflected in 

 the annual published reports presented 

 and interpreted at the insurance meet- 

 ings held in conjunction with the Illi- 

 nois Agricultural Association's annual 

 convention in Chicago. 



Reports of the operations of the 

 companies for the fiscal year ending 

 Sept. 30 reveal that farmers have in- 

 creased insurance in force on their lives 

 and property through Country Life In- 

 surance Company, Farmers Mutual Re- 

 insurance Company and Illinois Agri- 

 cultural Mutual Insurance Company to 

 more than a half billion dollars. This 

 represents a net gain of more than 82 

 million dollars over 1944. 



Illinois Agricultural Mutual Insur- 

 ance Company on Sept. 30 had 145,894 

 policies and 92 bonds in force. To- 

 gether, this is an increase of 10,238 

 over the previous year. Illinois Agri- 

 cultural Mutual policies cover auto- 

 mobile, cargo and accident risk and 

 employers liability. 



During the past year, I A Mutual 

 returned $990,249.59 to policyholders 

 in the form of special dividends, accord- 

 ing to the report made by Manager A. 

 E. Richardson. Operations for the year 

 show that the Company had earned 

 premium of $3,059,229.65 which was 

 $304,726.62 higher than in 1944. 



Total loss payments made during the 

 year amounted to $1,352,924.79. The 

 recent rapid growth of this 18-year-old 

 Farm Bureau insurance cooperative is 



Actuary Dirk Heezen. Lt. Col. J. E. Boland 

 laugh at Dave Mieher's )oke during In- 

 surance Conference. 



reflected in the report for the period 

 Oct. 1, 1941 to Oct. 1, 1945 which 

 shows an increase in business of 46.9 

 per cent. 



Country Life Insurance Company 

 continued its steady growth during the 



year when total volume of business in- 

 creased $21,554,522 and now stands at 

 $243,614,220. 



Dividends paid to policyholders dur- 

 ing the past year amounted to $441,- 

 072.56. Country Life Insurance Com- 

 pany provides that with the exception 

 of a seven per cent dividend payable on 

 its capital -stock, all other surplus earn- 

 ings available for dividend distribution 

 go back to the policyholders. 



Death claim payments amounted to 

 $760,755.20 during the 1944 fiscal year. 

 This item was increased considerably 

 because the company had a large 

 number of contracts without war re- 

 strictions on young men in the armed 

 forces. Of the total paid, $298,085.08 

 represented war casualties which is 39 

 per cent of the total claims paid. 



During the year, $27,728,317 in new 

 business was sold representing the sec- 

 ond largest amount sold in any year by 

 Country Life. Manager Dave Mieher 

 attributed the remarkable growth of 

 Country Life to the willingness on the 

 part of farm people to buy from their 

 own company and to keep their policies 

 in force. 



Farmers Mutual Reinsurance Com- 

 pany, also an lAA aff^iliate, increased 

 insurance in force by $60,539,436 dur- 

 ing the fiscal year. This brought total 

 insurance in force at the end of the 

 fiscal year to $400,202,671. Loss claims 

 paid total $734,167 and refunds to 

 policyholders amounted to $585,510.24. 



During the year dividends were paid 

 or credited to members in the follow- 

 ing amounts: Fife and extended cov- 

 erage, $67,350.31 ; windstorm, $9,206.- 

 13 and hail on crops, $508,283.49. 



Due to the unusual number of storms 

 near tornado intensity in Illinois in 

 1945 and the higher costs of labor and 

 materials, windstorm claims paid out 

 were greatly increased over the pre- 

 vious year, according to Manager J. H. 

 Kelker. Fire losses for the company 

 were slightly lower than they were in 

 1944. 



Here is the board of directors of the 

 Farmers Mutual Insurance Company for 

 194S. Left to right are: E. B. Reeves, Claude 

 Heistand, George F. Hoyes, George W. 

 Lenhort George F. Tullock, L. E. Lingen- 



ielter, James M. Beckett, Clifton Davis and 

 John E. Miller. At the annual meetihg, 

 Lyman Bunting, Ellery, and Homer Curtiss. 

 Stockton, were elected from the lAA board. 



DECEMBER, 1945 



11 



