LUMBERMEN'S UNDERWRITING ALLIANCE

U. S. EPPERSON UNDERW,RITING COMPANY

AT'TOENEY IN FACT r(ANSAS CrTY, IETSSOURr

December

After an examination of the bookb of account of the Lumbermen's Underwriting Alliance, we certify that the above statement of Assets and Liabilities is a correct presentation of the financial condition of the Alliance at December 31, 1922; and that the statement of Income and Expenditure is a true and correct statement for the period covered; and further certify that the books of account and records have been kept in strict accordance with the Power of Attorney and Policy-Contract between the individual subscribers and U, S. Epperson Underwriting Company, Attorney.

J. J. LYNN, VICE PRESIDENT AND GENERAL MANAGERISAYS:

To the Subscribers:

A LT{O,Y9!_1.:, Iosses in the United States and the Dominion of Canada ln 1921 were greater in number and amount litl '"in3"I'il33Jly*i"i{{rii:,?:i"r*:i"L','ffflr,1":::*!;l?.".'iT1,!'f

9.ome.t]99^d-!!le the year, levied its tai of fiie losses Eeavily-on i"-t"r.j.op.?ii".. -Not*itt.tanairi-tfii. uliusual drain, the ALLIANCE maintained its unbroken record of a saving tb sulscriuit. ii.i.ry-ri"gl"'leir of ii..igf,t.i" yJ".s'.*iste'ce.

The ALLIANCE has enlo-19d--1-lr-ealthv growth. Its volume of insuranc. it, io'rJ. ri,a, inc.""s.d fro- gttt,sss,els.ae "t the^begin^1gs of the vear to $lz,6ll,05E.sq rirafing an i.rcr.".e ioi-trr. v""i oi giipii.zli.ii. rn. subscribers increased from ll23 to 1203, making a net gain of' 80.

^- -Pt^u-taClds Paid to subscribers in l9Z2 amou.nted- to $474,989.70; the total savings returned to subscribers in cash amount to $2,493,941.54. The saving for the year will also justify ttt. r"iui"-of-tlie usuaf s.;i;;r ai"ll""ar t" iuti..il..i. ---'-

The. unquestiond soundness of ALLIANCE indemnity is safeguarded and guaranteed by its large and ever increasing annual income and t2,715,?61.92 of ready resources.

Our Growth

Rieks Insured