Document baNqEvQLoOxkgryreMBGYv7QO

Ceneral Porro / American Bonding Company of Baltimore HOME OFFICE BALTIMORE, MD. Ftnancial Statement December 31, 1945 ASSETS `Bonds and Stocks...........................................................................................52,029,261.55 Mortgage Loans............................................................................................ 21,000.00 Cash in Banks and Office..................................................................... 280,150.76 Premiums in Course of Collection (less than 90 days old)...................... 270,328.00 Reinsurance and other Accounts Receivable............................................ 18,886.07 Total Admitted Assets.......................................................... $2,619,626.38 LIABILITIES Reserves for Taxes and Expenses............................................................... $16,5,897.28 Amount Payable under Reinsurance Agreement...................................... 234,051.60 Total Amount of all Liabilities, except Capital........ 399,948.88 Voluntary Reserves................................................ $55,000.00 Capital Stock.......................................................................... 1,000,000.00 Surplus..................................................................................... 1,164,677.50 Surplus as regards Policyholders................................................................. 2,219,677.50 Total Liabilities.................................................................... $2,619,626.38 `Securities carried on the basis prescribed by the National Association of Insurance Commissioners. On the basis of December 31, 1945 market quotations for all bonds and stocks owned, this Company's total admitted assets would be increased to $2,736,177.22 and the net surplus to $1,281,228.34. Securities carried at $598,227.50 in the above statement are deposited as required by law. I, Roland Benjamin, Treasurer of the .American Bonding Company of Baltimore, do hereby certify that the foregoing statement is a correct exhibit of the assets and liabilities of the said Company on the 31st day of December, 1945, according to the best of my information, knowledge and belief. State of Maryland 1 City of Baltimore / ss: Roland Benjamin Treasurer Subscribed and sworn to, before me, a Notary Public of the State of Maryland in the City of Baltimore, this 23rd day of January, 1946. Notarial Seal Anna B. Nau Notary Public I BB 0003148 |