Show insurance company issues statement annual statement of u tile the lil farmers arill automobile inter insurance juat relea seti for cation through cutler district manager lu in panguitch re rc vents gross yiu assets of ny its of january Jainti liy 1 1010 tills la Is nil flit increase Inc mi of OU during IWO 1139 Sui lilus la Is it at ind and voluntary contingent reserve nt at 1721 representing rt it growth lit in polley holders surplus in it the past lust year tin tilt which operates lit 19 10 ti atutoa wrote buoo lit in dunis during the year this wits 8 ia 2 inure than in III 38 voli lit lithely liu goly gelY of cash und tind liquid short term bonds cash to 1 l 10 ri anti gov triin municipal and corporate bunda bonds to sa tit alic security por lort follo printed lit in deball with the statement increased idima aad daving the year it la Is nl blued iid for state nimit purposes at ull der year ond market values tin the d truck insurance mm hange organized lu in lom 1935 coin pared with WS 1028 tor for the Fa farmers Mch mige reported ported iv similar illar progress according to mr cutter cutler total isata acts of wore were 23 0 greater gr rati than a year earlier oar ller pre Ili income conie of in 1039 was 18 ls t or about 18 above 1038 surplus la Is now a growth glowth of lo 10 during the year aud and governmental securities are reported as aa over 80 ot of nil fill assets in ill commenting on oil tile report president john 0 tyler stated when tile the rani urs automobile inter ter insurance exchange was tor for nied med lu lit los angeles in 1028 it was baldly anticipated that by 1030 1039 it would bo be the nineteenth in point of premium income among automobile insurance carriers in the united states state and with its affiliated truck insurance rance r exchange would save assets exceeding 0 lit in line with the progressive policy of tile the past both ax changes lire fire undertaking extensive additional programs of accident prevention and safety work in ill 1940 I 1 l to we believe this pr program Is the most constructive step we can tako tit in being beine of service to the motoring public |