Maine. Insurance Dept.

Annual report of the insurance commissioner, Volume 22 online

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Bsrplus beyond capiUl 3,363,191 13

Aggregate amount of liabilities including net surplus $6,644,346 91



III INOOMB DURING THB TEAR.

VMaash reoeiTed for premiums (fire) $3,480,36166

Baeeired for interest and diridends from all sources •• 310,114 76

Aggregate amount of income receired in cash .•......••• $3,640,476 40



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8TO0K FIRB, FIBE-MARINB AND MARINB



IV. BXPBND1TUR88 DU&ING THB TBAR.

Idfbe l»WM(flM> ^ $l,4|6,06tOS

■otaallj paid SOO.OOO 00

Mioof or brokerftge... — 897,161 66

ber ohargef of offloerii olerki and emplojef 192,076 44

loDAl and looAl UzM 61,808 50

iditarat, via: g«Mnl •zpeiMM « 146,017 10

amoani of •zpendiiarei in oath $1,611,11171



y. MraowAAHBPca.

RltKl ARA PuUflVMl.

Firt Ruika, Premimm§.

bar 81, 1888 $504,528,313 $3,889,981 10

tboyaar 346,629,410 1.987,144 70

$853,057,723 $6,877,115 80

Epiredand terminated 348,588,067 2,836,268 87

of the year $504,469,656 $4,040,866 08

re.insared 8,129,249 67,641 86

i in foroe $496,340,407 $3,978,114 68



BvtiHBM » TU Statb %w Mauii DvB»a TBI Tbae.

e) $1,196,79000

Ted 13,639 «

rifkaUken 8,869 36

in Maine 9,042 86



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IN8ITBANCE OOBiPANIES OF OTBBM 8TATBS. 59

GERMANIA FIRE INSURANCE COMPANY,

NEW TOBK, K. T.

ISOOBPOEATSD IH 18&9. OOMMMOU) BVMBWM IH 1869.

BUDOLPH GARRIGUB, Prmdni. 0HA8. RUYKHAVEE, S^crMary.

CapiUl Paid Up in Cash, $1,000,000.

I. ASSETS.

BmI ««Ute owned by tbe eompftny, uniiMambered $580,000 00

LoftPton bond And mortgage (flret liens) 120,500 Ot

Sloekt and bond« owned by ibe eompnny, market ralne ■ 1,998,63 1 36

Oub in tbe company 'a principal oiBoe and In bank • 90,U1 93

lateiest doe and aocraed 3,6i6 35

Pireminmt in dne conrae of collection 167,931 41

All other aaaeta 6,286 81



Aggregate of all tbe admitted aaaeti of tbe company at tbeir actual
Taloe $3,966,186 64



II. LIABILITIES.

I adjnated and unpaid $99,897 37

nnadjnited, including all reported and anppoaed

lo«ei 61,385 36

lioaaea reaisted, including intereat, coata and ezpenaea. . . 33,923 77

Qroaa amount of claima for loaaea 184,166 89

Deduct rc-inaurance and aalrage 83,376 67

Ifet amount of unpaid loaaea and claima $ 161,780 83

Amount required to aafely re-inanreall outatanding riaka 1,031,339 67

All otber demanda againat the company, ris: commiaaiona, etc 33,953 66

Total amount of llabilitiea, except capital atock and net aurplua 1,207,073 14

OapiUl acUally paid up in caah 1,000,000 00

Surplna beyond capital 768,063 60

Aggregate amount of llabilitiea including net aurplua. $2,965,136 64



IIL INCOME DURING THE TEAR.

Vetcaab received for premiuma (Are) $1,187,372 88

ReceiTcd for intereat and diTidenda from all aouroea 1 10,683 68



Aggregate amount of income reoeired in caah $1,398,066 46



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60 STOCK FIBB, FIRE-MAIUNB AND MARINE



IV. BZPBNDITURB3 DHRINQ THB TEAR.

Net ■moant pftid for loMff (ftre) $607,863 91

Oath dWidendf aetaally paid 100,000 00

Paid for oommiasiont or brokerage 166,8ft0 81

Balariet and other ebarg ei of otBcert, elerka and employee 86.496 01

Paid 5UU. Daiional and loeal Uzei 88,618 60

All other ezpecdUii ret, tIi: general ezpenaea. U8,867 9S

Aggregate amonnt of ezpenditarea in eatb $1,148,690 36



y. MISCBLLANBOUS.

RllU AMD PBUflVMt.

FireRuk9.

In foroe Deeember 81, 1888 $31S,0i3,634 16 $3,016,340 74

Written during the year 180,167.666 98 1,663,618 10

ToUl $403,191,190 33 $3,667,868 84

Deduct those expired and Urminated 167,087,111 60 1,471,977 36

In force at end of the year $346,604,078 63 $3,096,881 48

Deduct amount re-ininred 14,343,333 16 147,064 07

Net amount in force $331,360,866 47 $1,948,817 41



BuBiHiaa ni thi Statb of Maihb Dueimq TBn Tbab.

Ritka taken (fire) $710,148 00

Premiumi received « 8,941 37

Lotaet paid on risks Uken 1,966 08

Losses incurred in Maine 1,043 63



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INSUBANGE 0OMPANIB8 OF OTHEB 8TAT£8. 61

GIBARD FIRE AND MARINE INSURANCE COMPANY.

PHILADELPHIA, PA.

Ihooefobatid ni 1858. CoiaanroBD Bvtnmt n 186S.
ALFRBD 8. GILLBTT, PrtniUni. KDWIN F. MBRRILL, Secretary.

Capital Paid Up in Cash, $800,000.



L A88BT8.

Seal ofUU owned bj tb« oompftny, vninonmbtred • $396,000 00

LoftDt OB bond *nd mortgage (flrtt Uenf ). , • 678,038 38

Stookf and bonda owned bj ibe company, market Talne 861,411 67

Loans aeenred bj ooUateraU 16,500 00

Caab in tbe company's prineipal office and in bank 84,853 51

Interest dae and aooraed • 14,588 36

Preminms in due coarse of collection 75,346 87

RenU and bills reoeirable 6,166 46

AllotbcraiseU 1,666 00

Aggregate of all tbe admitted assets of tbe company at tbeir actual
ralne $1,483,808 60



IL LIABILITIBS.
Losses «na4]iisted, indnding all reported and svppcced

losses $84,001 83

Losses resisted, including interest, costs and expenses 8,881 43

Gross amount of claims for losses. •• 87,893 76

Deduct re-insurance and salyage 760 00

Net amount of unpaid losses and claims • $ 17»148 76

Amount required to safely re-insure all outstanding risks 563,934 76

All other demands against tbe company, tIs: commissions, etc 81,886 56

Miacellaneous expenses • 1,374 88

Total amount of liabilities, except capital stock and net surplus 635,839 41

Capital actually paid up in cash 300,000 00

Surplus beyond capital 657,659 19

Aggregate amount of aUliabiUtlcs $1,483,808 60



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[K FIRB, FIRE-MABimS AND MARHriB

III. INOOMB DURING THB TBAK.

pMmlami (fire) .a $S74»164 66

and diTidendf from *11 loareei. • 66,465 f 8

■oufoei • •• 8,901 06

it of Inoome rMeired in OAsh $439,681 99

. BXPBNDITURBS DURING THB TBAR.

osMf (fire) $116,667 86

lyptid 71,000 09

or brokerage.' 68,634 84

irgef of offioen , elerki and emplo jee 47,860 66

ndlooaltaxes 14,194 81

i, tU: genertl ezpeniei 26,188 IS

It of ezpenditaree in eeth $446,146 19



V. MIS0BLLANB0U8.

RiBKI AMD PbIKIVIIB.

Fin Ruika^ PremimmBm

,1888 $64,437,816 $810,116 11

ler 44,077,16 461,038 06

$108,614,851 $1,171,154 18

end termineted 38,197,838 381,010 68

year $70,317,013 $890,143 60

nred 1,026,706 21,573 29

roe $68,191,307 $868,670 81



tts IH THB Statb of Mainb Dumiiio TBI Tbab.

♦«6,760 00

3.540 07

iken .•••• 1,)60 83

line 1,131 88



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IH8ITBAN0E COMPANIES OF OTHER STATES. 63

GRANITE STATE FIRE INSURANCE COMPANY,

rOSTSKOTTTH V. H.

lacoBPomATRD ur 1886 Oomuvcbii Bosimits n 188&.
VEANK JONES, President. ALFRED F. HOWARD, iSecrH^try.

Capital Paid Up in Cash, $200,000.



I. ASSETS.

Loans on bond and mortgage (first liens) $1)4,350 00

Steaks and bonds owned by the company, market yalne 212,748 00

Loans seoared by eollaterals 18,480 00

Ouh in the eompaay's prinoipsl oAoe and-in bank 43,492 09

Interest dne and aeeraed 6|604 12

Puminms in d«e eonrse of oolleetlon 61,998 91

Aggregate of all the admitted assets of the company at their aetnal

Talue $456,672 12



II. LIABIUTIBS.

Xosses adjusted and vnpafd tll,956 80

LosMs unadjusted, including all reported and supposed

losses 22,097 63

Losses resisted, including interest, costs and expenses 1,395 65

Oross amount of claims for losses 36,449 48

Deduct re-insurance anU salvage 13,007 30

Net amount of unpaid losses and claims $ 22,442 18

Amount required to safely re-insure all outstanding risks 190,422 29

All other demands agsinst the company, Tis: commissions, etc 18,862 66

Total amount of liabilities, except capital stock and net surplus 231,727 IS

Capital actually paid up in cash 200,000 00

Surplus beyond capital 24,945 99

Aggregate amount of liabilities including net surplus $456,673 12



in. INCOME DURING THE YEAR.

Net cash reoelTcd for premiums (fire) $266,361 07

Beeeired for interest and dividends from all sources. 16,645 67

Aggregate amount of income rsoeiTcd in cask $283,006 74



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STOCK FIHB, FIRE-MARINE AND MARINE



IV. BXPBNDITURBS DURING THB TBAR.

b paid for lotset (fire) $163,749 OS

nmiulont or brokerage iS,63S It

1 other charges of offlcert, elerks and emplojes • 14,410 S9

national and local taxes 6,450 48

ipenditares, tIs: general expenses 14,610 SO

(ate amount of ezpendiinres in cash. « $S41J00 88



V. MI80BLLANB0US.

Risks amd PmiMiinrs.

FinRiMkt.

cemberSl, 1888 $29,S80,88» $384,060 SS

ring the year 83.047,053 381,883 73

$63,337,841 $766,043 06

le expired and terminated 34,427,103 334,766 85

ondoftheyear $38,810,730 $U1,176 31

not re-insured 6,368,424 73,364 76

lonnt In force $33,442,316 $368,831 46



BuBiHBSS ni TBv Stati of Mawb DvBiira thb Tbab.

(fire) $1,046,766 00

eceired. 33,006 16

onriskstaken 6,418 80

rred in Maine 6,610 08



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INBURANCE COMPANIES OF OTHBB STATES. 65

HANOVER FIRE INSURANCE COMPANY,

NEW YORK, N, T.

Ihcobpobated xh 185). ComnHCBD Bubihbss nr I8SS.
fiBNJAMIN 8. WALOOTT, Pruideni. J. KBM8EN LANB, S^crHary.

Capital Paid Up in Cash, $1,000,000.

I. ASSETS.

Loans on bond and mortgage (first liens) $88,000 00

Stocks and bonds owned bj the company, market Talne 3,318,890 00

Loans seeored bj collaterals 1,750 00

Gash in the eompanj's principal office and in bank 111,474 56

Interest dne and aocmed. 10,096 26

Preminms in doe oonrte of collection 125,540 93

Due from other companies for re-insnrance on losses already paid 4,071 74

Aggregate of all the admitted assets of the company at their actoal
Talue $2,559,823 47

IL LIABILITIES.

Losses adjusted and nnpaid. $58,832 25

Losses anadjosted, including all reported and snpposed

losses 66,194 78

Losses resisted, including interest, costs and expenses 9,023 76

Gross amount of claims for losses 124,049 79

Deduct re-insnrance and salrage 8,446 12

Net amount of unpaid losses and claims $115,603 67

Amount required to safely re-insure all outstanding risks 890,026 63

AU other demands against the company, Tis: commissions, etc 25,258 45

ToUl amovat of liabilities* ejMept capital stock and net surplus 1,030,888 75

Capital actually paid up in cash. 1,000,000 00

Sarplus beyond capital 5'28,934 72

Aggregate amount of liabilities including net surplus $2,559,828 47

m. INCOME DDRINq'tHB TEAR.

Net cash received for preminms (fire) $1,176,376 63

HeeeiTcd for interest and diTidends from all sources 95,622 32

Aggregate amount of income recelTcd in cash $1,271,998 95

6



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TOOK FIBBy FIRE-MARINE AND MARINE



lY. BXPBNDITURB3 DURING THB TBAR.

1 for I08MB (fire) $654,962 17

etaalljpftid 100,000 00

lions or brokerage 331,253 35

>r ebargee of offioera, clerka and emplojea 135,006 65

»nal and loeal Uzef 26,795 63

liiaret, Tis: ganaral azpeoMf 103,933 44

moani of ezpeDdUurea in oath $1,251,971 13



V. MIS0ILLANS0U8.

RUKS AID PSBKIVMa.

f&c RUlcs, Premiums,

er 31, 1888 $202,574,705 67 $1,853,013 38

he year 161,696,610 32 1,364,008 39

$364,271,315 99 $3,217,021 77

E>ired and terminated 163,964,388 66 1,377,944 31

•ftheyear $200,306,937 33 $1,839,077 56

•e-intared 10,935,743 63 75.099 09

inforee $189,381,183 70 $1,763 978 47



iuamias ur n» Statb or Ma»i Dveihq thi Tbar.

•> $1,524,261 68

ed 21,917 73

Bka taken 9.462 14

i^Maipe 10,653 64



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INSUBAKCB COMPANIES OF OTHER STATES. 67

HARTFORD FIRE INSURANCE COMPANY,

HARTFORD, CONN.

Ihooefobatid n 1810. OoMiiBiicn) Busiirut iv 1810.
aSO. L. CHASS, Pruidtni. P. C. ROTOB, Secretary.

Capital Paid Up in Cash, $1,250,000.

I. ASSETS.

RmI estate owned bj the oompanj, aninoambered $ 60S,676 60

LoADfloii bond end mortgage (first Hens) l,ia5,U3 07

Stocks and bonds owned by the oompanj, market Talae 3,320,534 00

Loans secored bj collaterals 30,000 00

Cash in the company's principal offlce and in bank 665,166 2)

Interest due and accrned 21,808 29

Premiums in doe coarse of collection 448,028 97

Rents due and accrned 2,459 14

All other assets 16,649 20

Aggregate of all the admitted assets of the company at their actual
Talae $6,142,464 49

II. LIABILITIES.

Losses adjusted and unpaid $70,358 15^

Losses unadjusted, including all reported and supposed

losses 106,024 47

Losses resisted, including interest, costs and expenses 26,177 51

Net amount of unpaid losses and claims $ 201,556 18

Amount required to safely re-insnre all outstanding risks 2,197,320 61

All other demands against the company, Tis: commissions, etc 37.500 00

Total amount of liabilities, except cspital stock and net surplus 2,430,375 74

Capital actually paid up in cash 1,250,000 00

Surplus beyond capital 2,456,078 76

Aggregate amount of liabilities including net surplus $6, 142,454 49

III. INOOMB DURING THE TEAR.

Net eash reeeired for premiums (fire) $2,821,388 82

Reeelved for interest and dividends from all sources. 220,789 16

laeome from all other sourees 17,406 66

Aggregate amount of income reoeiTcd in cash $3,059,533 63



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8TO0K FIRE 9 FIBE-MARINE AND MARINE

lY. BXPENDITURBS DURING THB TEAR.

idforloMei(fire)... $1,624,870 16

aotaallypaid '. 350,000 00

Issioni or brokerage 459,774 43

her chargef of offioera, elerks and employes 199, US 89

tional and loetl Uzef 55,835 47

adiinreiaTis: general ezpenies 215,430 47

amount of ezpenditaret in oash $2,804,554 41

V. MI8CBLLANI0U8.

Risks ahd Pbkiiiums.

Fire Riaka, Prtmiunu,

iber31, 1888 $309,651,199 $3,905,873 73

^ibe year 362,433,849 3,263,333 70

$573,085,048 $7,168,197 43

spired and terminated and re-insared ... 236,510,303 3,937,787 36

itinfbree $345,574,746 $4,330,410 06

Busiviss IV turn Stati of Maisb Dubuio ran Tbas.

re) ..$3,633,473 00

ived 39,843 89

risktUken 15,669 69

iin Maine 18,647 61



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INSUBANOE 00HPANIB8 OF OTHEB STATES. 69

HOME INSURANCE COMPANY,

NEW TORK9 N. r.

Imcobpobatbd » 186t. OomnvoBD Bvsunts ni IttS.
DAN'L A. HBALD, Pruidmt. THOS. B. ttRBRNB. WM. L. BIQBLOW, SterHimm.

Capital Paid Up in Cash, $3,000,000.



I. ASSETS.

B6*1 estate owned bj the eompany, aoinoambered $1,S45,335 80

Loftoe on bond and mortgage (first liens) 754,000 00

Stocks and bonds owned bj the company, market Talae 5,631,874 66

Loans seonred by collaterals ••.. 373,300 00

Cash in the company's principal ofli:e and in bank 196,357 19

Interest dae and aecraed 37,038 30

Preminms in dae coarse of collection • •• .•••..•• 593,263 77

Aggregate of all the admitted assets of the company at their actual
Talae $8,931,169 61



II. LIABILITIES.

LosMfl adjusted and unpaid $91,681 65

Losses unadjusted, including all reported and supposed

losses. 642,661 39

Losses resisted, including interest, costs and expenses... . 42,269 11

Gross amount of claims for losses 676,612 15

Deduct re>in8urance and salrage 144,524 66

Net amount of unpaid losses and claims $531,987 49

Reserred for sinking fund 30,210 98

Amount required to safely re-insure all outstanding risks. ..•• .... .... 3,779,943 00

All other demands against the company, viz: commissions, etc 289,476 36

ToUl amount of liabilities, except capital stock and net surplus 4,623,616 83

OapiUl actually paid up in cash 3,000,000 00

Surplus beyond capital 1,307,542 78

Aggregate amount of liabilities including net surplus $8,931,169 61



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STOCK FIRE, FIRE-MABINE AND MARINE



III. INOOMB DURING TUB TBAE.

Fire Inland

>eiTed for premlumi $4,180,232 86 $157,170 58

^$4,887,40291

r interest and dividendi from all foareea 295,690 57

I all other sourcef 87,488 10

ate amount of Income reoeived in eash $4,720,381 60



IV. BXPBNDITURBB DURING THB TBAR.
flirt. Inl<nid.

paid for lotMi $2,856,869 86 $62,460 62

$2,908,829 98

idsaetnally paid 300,610 00

Qmiuionf or brokerage 814.207 91

1 other oharges of offieerf, clerks and emplojes 413,161 48

national and local taxes 72,736 42

penditnret, vis: general expenses 297,648 31

ate amount of expenditures in cash $4,806,594 10



v. MIS0BLLANB0U8.

RiBU AXD PsilflVMt.

Mariiu or
Fire Rukt, Premiums. Inland Ri»k§, Prtmiums,

semberSl, 1888.... $732,581,869 $7,220,854 00 $ 1,788,700 $36,845 00
ing the year 656,836,267 6,150,915 59 19,467,244 200,052 87

$1,388,918,126 $12,371,769 59 $21,255,944 $236,897 87

e expired and ter-

694,512,336 4,600,582 59 13.634,375 68,953 87

mdof year $794,405,791 $7,771,187 00 $7,621,569 $167,944 00

nnt re-insured.... 76,486,672 600,510 00 1,687,266 26.302 00

ount in force $717,919,119 $7,270,677 00 $5,934,303 $141,642 00



BU8IHX88 IK TBI StATB OF MaINI DuBINQ THB YXAB.

(fire).. $6,507,912 00

eoeived 67,375 92

on risks taken 13,377 24

redinMaine 12.444 24



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INBUBANCE OOliPANIES OF OTHER STATES. 71

INSURANCE COMPANY OF NORTH AMERICA,

PHILADELPHIA) PA.

Ihcospobatbd » 179i« Oommivoid Busihmb ih 179i
CHARLES PLATT, Pruid€ia. Q. B. FRTBR, SecrHary,

Capital Paid Up in Cash, 93,000,000.

I. ASSKTS.

Real estate owned bj the oompany, ODiDovmbered $ 329,610 02

Loans on bond and mortgage (first liens) 2.368,598 73

Stoeks and bonds owned by the eompany, market value 4,577,008 00

Loans seoared by oollaterais 135,250 00

Cash in the company's principal office and in bank 568,090 09

Interest due and aecraed 25,752 14

Premiums in due course of collection • 550,583 05

Bills receivable taken for premiums 104,385 05

AU other asseU 71,973 79

Aggregate of all the admitted assets of the company at their actual
value $8,731,250 87

II. LIABILITIBS.

Losses adjusted and unpaid $ 72,706 00

Losses unadjasted, inolnding all reported and supposed

losses 859,578 00

Losses resisted, including interest, costs and expenses 20,672 00

Gross amount of claims for losses 452,961 00

Deduct re. insurance and salvage 145,051 00

Net amount of unpaid losses and claims $ 307,900 00

Amount required to ssfely re-insure all outstanding risks 8,004,570 00

All other demands against the company, vis: commissions, etc 18,997 81

Capital actually paid up in cash 3,000,000 00

Surplus beyond capiUl 2,399,783 06

Aggregate amount of liabilities including net surplus $8,73 1 ,250 87



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OOK FIRB, FIRB-MAHINE AND MARINE

III. II^COME DURING THB TEAR.

Fir; Inland,

1 for premiams. $2,617,030 70 $1,369,543 38

8,986,574 08

reat and dlyidends from all soarcef 368,344 13

stbersonroes 38,437 SO



moani of inoome reoeUed in cash • ..$4,393,366 60

IV. EXPBNDITURB8 DURING THB TEAR.

/trc. ImioMid.

forloBMfl $1,879,733 79 $1,310,485 03

2,690,218 81

Btaallypald 450.000 00

lom or brokerage 662.173 14

r chargef of officers, clerks and employes 1 10,873 91

nal and local taxes 114,215 84

Hares, Til : general expenses 228,150 37

meant of expenditores in cash $4,365,631 18



V. MISCBLLANBOUS.

Risks ahd Pbemiumb.

Marin§or

Fire Risks, Premiums. Inland Risks. Premiums,

ir 81. 1888 $375,842,636 $3,974,516 82 $16,482,036 $ 152,108 27

iejear.. 341,701,752 2,975.322 16 287.171.511 1,821.571 51

$717,644,387 $6,949,838 98 $302,653,647 $1,978,679 78

pired and

294,710,648 2,673,540 53 286,474,768 1,813,243 06

r the year $422,833,739 $4,276.298 45 $16,178,779 $160,436 72
■einsared 13,489,743 115,881 51

in force.. $409,343,996 $4,160,416 94 $16,178,779 $160,436 72

Perptiual Total

Risks. Deposits.

srSl, 1888 $28,516,243 89 $743,783 67

Lheyear 2,358,100 00 56,986 25

$30,874,343 89 $799,769 92

rked off as cancelled 634,785 00 17,548 96

nd of the year $30,239,558 89 $782,220 97



JBIHXBS W VEM StATB OF MAIHB DUBIlia THB TbAR.

) $3,423,338 00

Bd 48.231 64

sks taken. 18,822 68

a Maine. 10.150 18



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INSURANCE CX)lfPANaSS OF OTHER STATES. 73

INSURANCE COMPANY OF THE STATE OF
PENNSYLVANIA,

PHILADBLPHIA, PA.

Ihoobpoeatbd im 1794. ComcurcBD Bvsnrist in 179i.
QBORGK Q. OROWBLL, Prmdmi. A. B. BARLB, S^cmarp,

Capital Paid Up in Cash, $200,000.

I. ASSETS.

Real eiUte owned by the company, nninonmbered $30i,54S 00

Loam on bond and mortgage (first liens) • 110,950 00

Stoeks and bonds owned by the oompany, market valne 236,833 19

Cash in the company's principal oflBoe and in bank 13,538 46

Interest due and aoorned 2,578 63

Premiums in dae course of collection • 14,544 58

Bills leceiTable 1,963 35

All other assets 33,501 66

Aggregate of all the admitted assets of the company at their actual
Talue $718,462 77



U. LIABILITIES.

Losses adjusted and unpaid.

Losses unadjusted, including all reported and supposed^ $72,147 00
losses.



■1



Net amount of unpaid losses and claims $ 72,147 00

Amount required to safely re-insure all outstanding risks 219,600 91

All other demands against the company, vis: commissions, etc., (in-
eluding perpetual, $164,085.84) 171,017 53

Total amount of liabilities, except capital stock and net surplus 462,765 44

Capital actually paid up in cash 200,000 00

Surplus beyond capital 55,687 33

Aggregate amount of liabilities including net surplus $7 18,452 77



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FIRE, FIBE-MABINE AND MARINE



:i. INOOMB DURING THE TBAR.

imiimii $S31J18S1

i dlTidend* from aU MmroM 18.S59 41

aroes 21,405 82



>f inoome reeeiTed in oaih (372,483 54

IXPBNDITURBS during THB TBAR.

Fir; Ifdand.

»s $194,115 43 $17179

$194,620 24

paid 20,000 00

t>rokdrftge 73.955 79

»8of offioen, olerlcsaod employes 41,414 36

local Uzea 10,896 59

ris: general expenses 13,187 40



r expenditures in cash $i54,074 38

V. MISGBLLANBOUS.

RitKt AMD Paxicnncs.

Fir§ Ru1u» Premiums,

188 $83,735,778 $374,003 23

42,482,102 395,839 10

$76,217,880 $769,842 33

d terminated 36.444,202 337,873 99

lar $39,773,678 $431,968 34

»d 2,113,173 24,777 21

$37,660,505 $407,191 IS



iH THB State or Maimi Dubihg thb Tbab.

$1,424,712 00

22,777 61

n 9,696 32

9,596 32



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INSURANCE COMPANIES OF OTHER STATES. 75

LIBERTY INSURANCE COMPANY,

NEW YORK, N. Y.

Ihcobpobatbd ih 1867. Couuemckd BogiMSBS iM 1887.
GKO. A. MORRISON, PrmdetU, PUILIP LATOURIBTTB, SccrcTary.

Capital Paid Up in Cash, $800,000.

I. ASSETS.

Stocks and bonds owned by the oompanjr, market Valae $1,167,442 50

Cash in the oompany's prinoipal office and in bank 66,647 99

Interest dae and accrned 416 67

Premioms in due course of oollection 153,176 3S



Aggregate of all the admitted assets of the company at their actual
ralae. $1,377,682 49



II. LIABILITIB3.

Losses adjasted and unpaid • $77,092 81

Losses unadjusted, including all reported and supposed

losses 36,901 76

Losses resisted, including interest, costs and expenses 1,050 00



Gross amount of claims for losses 114,044 66

Deduct re-iosuranoe and salvage 26,310 91



Net amount of unpaid losses and claims • $ 87.733 65

Amount required to safely re-insure all outstanding risks 460,794 78

All other demands against the company, tIs: commissions, etc 36,626 69



Total amount of liabilities, except capital stock and net surplus 675,166 12

Capital actually paid up in cash 800,000 00

Surplus beyond capital 2,527 37



Aggregate amount of liabilities including net surplus $1,377,682 49

III. INCOME DURING TQIfi TEAR.

Fir§, InUnd.

Net cash receivad for premiums. $7 16,848 48 $27,3 18 91



$743,167 39
BeoeiTcd for interest and diTidends from all sources 34,330 19

Aggregate amount of income received In cash $777,497 68



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STOCK FIRE, FIBE-MABINE AND MARINE



lY. BXPBNDITURB8 DURING THB TEAR.

Fir; hlandL

paid for loaies $489,388 20 $17,649 67



— $607,037 77

imiiiioni or brokerage 169,961 36

oiher eharges of offioen , elerki and employes 67,146 OS

national and loeal taxet 16,420 87

penditarea. vis: general expenses 90,663 48

ite amoaat of expenditures in eash $830,218 60



V. MISCBLLANBOUS.
Risks aid Pbxmiuics.



Fire Rides.
1.31,1888.... $72,810,349
ing the year.. 86,203,176

$169,013,524

w expired and

i 77.140 808


$698,692 67
915,769 63

$1,614,362 20
760,363 14


$15,272,039
$15,272,039

14,113,389


Prcmtmiu.

$74,047 60
$74,047 60

49.613 20


Dd of the year, $81,872,716
b re-insared... 6.201,273


$863,989 06
31,749 76


$1,168,660
20,600


$24,636 30
473 60


inntinforoe... $76,671,443


$832,239 30


$1,138,160


$24,061 80



BUSIHXSS IN THB StATX OF MAIHB DuBIHG THB TbAB.

(fire) $274,600 00

BceiTed 6,000 07

on risks Uken 1,328 00

Ted in Maine 1.178 00



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SdPAMIES OF OTHEB STA

AND BUILDERS' FJ
CE COMPANY,

EW YORK, N. Y.

1870. OOKllBirCKD BOBIIIU8 »

nl. J. JAT NBS



Online LibraryMaine. Insurance DeptAnnual report of the insurance commissioner, Volume 22 → online text (page 7 of 29)