lAA INSURANCE COVERAGE NOW 



Mane tUan V^ BdUoft 2^aUa/U 



"The proof of the pudding is in the 



■»■ eating." So goes the old saying. 

 Likewise the proof of the esteem Ilh- 

 nois farmers have in their own insur- 

 ance companies is shown in the figures 

 which tell of another year of spec- 

 tacular gains in lAA insurance sales, ac- 

 cording to reports of the operations of the 

 companies for the fiscal year ending 

 September 30. 



The figures reveal that farmers have 

 increased insurance in force on their 

 lives and property through Country 

 Life Insurance Company, Country Mu- 

 tual Fire Company, and Country Mu- 

 tual Casualty Company to more than 

 three-quarters of a billion dollars. 



Country Mutual Casualty Company 

 on Sept. 30 had 164,500 policies and 

 98 bonds in force. Together, this is 

 an increase of 18,612 over the previous 

 year. Country Mutual Casualty pol- 

 icies cover automobile, cargo and ac- 

 cident risk and employers liability. 



During the past year Country Mu- 

 tual Casualty returned $797,949.60 to 

 policyholders in the form of special 

 dividends, according to the report 



Country Life Manager Richardson (left) 



bidf Retiring Manager Mieher goodbye as 



he leaves for his job with Southern Life at 



Jackson, Miss. 



made by Manager A. E. Richardson. 

 Operations for the year show that the 

 Company had earned premium of $3,- 

 560,567.58 which was $501,337.93 

 higher than in 1945. 



Total loss payments made during the 



Adjusters and Supervisors on lAA Insurance Claims force. All are adjusters except where 

 named. First row, left to right: James P. Shields, assistant claims supervisor, Spring- 

 field; Hal E. Trimble, assistant claims supervisor, Effingham; Richard I. Dodson, Spring- 

 field; Willis J. Martin, claims supervisor. Champaign; G. R. Williams, claims supervisor, 

 Belleville; R. J. O'Neill, claims supervisor, Kewonee; Charles H. Stevens, Chicago; Glen L. 

 Ewing, assistant claims supervisor, Oregon; William Jellema, Chicago; Cedric N. Forbes, 

 assistant to claims superintendent, Chicago. Second row, left to right: Lawrence Camp, 

 Springfield; Philip M. Glennon, Galesburg; William H. Munch, Paris; Floyd A. Lobdell, 

 Belvldere; Evan F. Loveless, Edwardsville; J. O. Shryack, Ottawa; Thomas E. Mathews, 

 claims examiner, Chicago; Eugene B. Sears, claims examiner, Chicago; Louis W. Henninger, 

 Champaign; Richard H. Lukens, Aurora; L. L. Truninger, Elizabeth; J. Leslie Logan, Princeton; 

 Lester D. Saxe, Harrisburg; William H. Quinn, Chicago. Third row, left to right: Lyie H. 

 Short, Petersburg; O. W. Anderson, Moline; L. A. Momingstar, Bloomington; W. E. Kilgus, 

 Kankakee; Vernon O. Wiles, Naperville; Fred R. Provines, OIney; Henry J. Wendler, Mt. 

 Vernon; Paul M. Apenbrink, Quincy; Roland H. Soltwedel, Effingham; James C. Barrow, 

 Belleville; John H. Lusk, Galesburg; Wm. N. Borringer, Greenville; Chester F. Michels, 



Peoria. 



year amounted to $2,049,747.29. The 

 recent rapid growth of this 19-year- 

 old Farm Bureau insurance cooperative 

 is reflected in the report for the period 

 Oct. 1, 1941 to Oct. 1, 1946 which 

 shows an increase in business of 65.2 

 per cent. 



Country Life Insurance Company 

 continued its steady growth during the 

 year when total volume of business in- 

 creased $32,451,954 and now stands 

 at $276,066,174. 



Dividends paid to policyholders dur- 

 ing the past year amounted to $486,- 

 919.58. 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 pay- 

 ments amounted to 

 $739,205.14 during 

 the 1946 fiscal year. 



During the year, $39,012,421 in new 

 business was sold representing the 

 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 pol- 

 icies in force. 



Country Mutual Fire Company, also 

 an lAA affiliate, increased insurance in 

 force by $111,878,110 during the fiscal 

 year. This brought total insurance in 

 force at the end of the fiscal year to 

 $514,080,781. Loss claims paid total 

 $1,262,429-22 and refunds to policy- 

 holders amounted to $863,331.97. 



During the year dividends were paid 

 or credited to members in the follow- 

 ing amounts: Fire and extended cov- 

 erage, $69,738.08; windstorm, $10,- 

 991.37 and hail on crops, $782,602.52. 



Windstorm claims paid out in 1946 

 were less than in the two preceding 

 years, according to Manager J. H. Kel- 

 ker. Fire losses for the company were 

 slightly higher than they were in 1945. 



J. H. Kelker 



DECEMBER, 1946 



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