PART I. FINANCIAL INFORMATION
HOME BENEFICIAL CORPORATION
CONSOLIDATED CONDENSED BALANCE SHEET
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March 31 December 31
1996 1995
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ASSETS
Investments
Securities available-for-sale at fair value
Fixed maturities (Amortized value: 1996,
$746,257,616; 1995, $744,043,172) $ 772,860,426 $ 795,741,956
Equities (Cost: 1996, $8,679,670;
1995, $8,637,928) 32,926,792 29,475,901
Mortgage loans on real estate 344,888,915 339,773,729
Policy loans 54,966,039 54,480,175
Short-term investments 47,094,944 41,072,441
Other 6,184,837 6,242,886
Total investments 1,258,921,953 1,266,787,088
Cash and cash equivalents 1,070,486 3,086,602
Receivables 23,137,383 23,006,240
Deferred policy acquisition costs 98,678,423 99,246,423
Other assets 10,766,958 11,228,471
$1,392,575,203 $1,403,354,824
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Policy liabilities and accruals
Future policy benefits and claims $ 675,376,161 $ 672,301,481
Unearned premiums 26,653,339 26,248,702
Other policy claims and benefits payable 10,699,972 10,819,728
Total policy liabilities and accruals 712,729,472 709,369,911
Other policyholder funds 71,112,793 71,450,993
Other liabilities 77,960,964 80,446,342
Total liabilities 861,803,229 861,267,246
Stockholders' Equity
Capital stock
Class A common stock, voting, $.3125
par value, 12,800,000 shares authorized;
8,317,827 issued at March 31, 1996 and
8,446,200 issued at December 31, 1995 2,599,321 2,639,438
Class B common stock, non-voting,
$.3125 par value, 19,200,000 shares
authorized; 8,992,910 issued at March 31,
1996 and at December 31, 1995 2,810,284 2,810,284
Total capital stock 5,409,605 5,449,722
Unrealized gains (losses) on securities
available-for-sale less related deferred
income taxes 34,091,670 48,161,757
Retained earnings 491,270,699 488,476,099
Total stockholders' equity 530,771,974 542,087,578
$1,392,575,203 $1,403,354,824
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See accompanying notes.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
Home Beneficial Corporation
(Registrant)
Date: July 18, 1996 R. W. Wiltshire, Jr.
President and
Chief Executive Officer
Date: July 18, 1996 Hugh D. Garnett
Vice President and Controller
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