HomeMy WebLinkAbout1954.12.31 - Amicable Life Insurance Annual StatementOFFICERS
A. R. Wilson, Chairman of the Board
Holt Massey, President K. H. Easley, Secretary
W. L. Edmond, Vice President
Franklin Smith, Vice President I. A. Dryden, Vice President
A. A. Torrance, Assistant Secretary
R. R. Corbell, Ass't Secretary J. D. Shields, Ass't Secretary
Edward E. Roberts, Home Office Agency Manager
George F. Adams, Field Agency Manager
AMICABLE BRANCH OFFICES
Sales and Policyholders' Service
Abilene Houston
Amarillo Lubbock
Austin San Angelo
Beaumont San Antonio
Corpus Christi Teague
Fort Worth Waco
Yoakum
Mortgage Loan Offices
Waco Lubbock Edna
EIn11
:I
UTALS
dS YEARS OF FAITHFUL PROTECTION
ILi^
O
V
�n
'�..
V.
R
T
R
�� t i � r•'r,
++" + I►
, n,P"7 77.711, Itlt: 1
T
R
D
F
C
N
i:am, er. 7
144 t`
i:,,'rttt9777'1717:IkR—
F
C
N
:>tisu7�Wli�r —:6
T
T
";
Y
Y
AMICABLE LIFE BUILDING
HOME OFFICE OF
AMICABLE LIFE INSURANCE COMPANY
WAC'
,
PROGRESSIVELEADERSHIP SINCE 1910 0A
ICIi
mbpe ns o on c e
"GrU14
ANNUAL STATEMENT
r—z
R'Sy
JAN. 1st, 1955
/�o�xioF/1ef�
FAITHFUL PROTECTION
AMICABLE LIFE INSURANCE COMPANY
WACO, TEXAS
ANNUAL STATEMENT
DECEMBER 31, 1954
ASSETS
LIABILITIES
The picture on the cover, entitled "Faithful Protec-
tion", is the Amicable Life Insurance Company's
Mortgage Loans . . . . . .
$23,721,487.26
Policyholders Reserve . . . . $39,513,800.10
Home Office Building . . . .
750,000.00
Unearned Interest and Rents
emblem or "trademark".
Other Real Estate . . . . . .
NONE
Paid in Advance . . . .
61,815.39
Cash in Banks . . . . . . .
3,324,168.35
Claims not Completed or Reported
122,796.69
U. S. Government Bonds . . . .
31324,663.57
Reserve for Taxes
110,000.00
The original picture was painted in appropriate
State, County and Municipal Bonds
3,389,855.74
.
Special Contingency Reserve
200,000.00
colors, in oil, by Fritz Gunther, widely known artist,
Other Bonds
Stocks
8,000.00
3,593,636.71
Regular Contingency Reserve
800,000.00
exclusively for the Amicable Life. It now hangs in
Collateral Loans . . . . . .
35,000:00
All Other Liabilities
92,246.38
the Home Office of the Company.
Accrued Interest . . . . . .
490,536.20
Capital Stock $1,640,000.00
Policy Loans and Premium Notes
Surplus 1,440,163.34
Within Reserve . .
4,031,351.80
While baby sleeps, the faithful Shepherd keeps
Un
Uncollected and Deferred
Net Premiums Within Reserve
1,306,432.36
Total Surplus for Additional
watch, sensing, in his own way, that the helpless child,
Due from Reinsurance Companies
5,689.91
Protection to Policyholders 3,080,163.34
in sleep more helpless than ever, needs him to stand
Total Admitted Assets
$43,980,821.90
Total Liabilities . . . . $43,980,821.90
by.
COMPARATIVE GROWTH
OF THE COMPANY
In painting "Faithful Protection", Mr. Gunther
(Commenced Business April 2nd, 1910)
struck the keynote of the Company, the picture in-
Year Admitted Assets
Insurance in Force
Premium Income Total Income
Year
dicating the Faithful Protection being rendered by the
1918 $ 3,214,432.33
$ 15,096,549.00
$ 496,702.93 $ 703,025.00
1918
1924 5,669,870.05
34,701,035.00
1,031,267.77 1,547,405.74
1924
Amicable Life to its many satisfied Policyholders and
1930 8,604,767.85
57,778,228.00
1,472,409.05 2,110,986.15
1930
their Beneficiaries.
1936 10,722,107.34
1942 16,961,075.23
77,668,171.00
92,692,819.00
1,820,219.57 2,491,881.32
2 212,541.51 3,169,777.65
1936
1942
1948 28,732,526.65
148,541,929.00
3,694,361.63 5,412,550.20
1948
•
1954 43,980,821.90
216,894,764.00
5,117,576.38 7,934,705.88
1954
Total Paid Policyholders and Beneficiaries Since Organization . . . $32,600,733.87