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total income earned 113.00.



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CITIZENS INS CO. 325



CITIZENS mSXTBANOE COMPANY,

St. Louis, Mo.

Home Office, PIBRCB BUILDING.

[Incorporated 1837; commenced business 1837.]
Date of admission Into Wisconsin, June, 1807.

Pn^sldent, CHAS. E. THASi: Vice President, R. M. BISSEL.L.

SecreUry. P. O. CROCKER.

CAPITAL STOCK.

Amount of capital paid up in cash _|200.000 00 "

Amount of ledger assets, December 31 of previous year |876,680 55

INCOMB.

Marine and
Fire. inland.

GroM premiums 11,892,823 16 |2,976 82

Deduct reinsurance premiums,
Are, $1,031 457.61 ; return pre-
miums, lire, $305,999.00; ma-
rine and ialand. S301 42 1.4:17.450 6, 391 42



Total premiums (other

than perpetual) $4o5,.H66 55 $2,585 40

Gross interest on mortgage loans $5,360 00

Gross Interest on bonds and dividends on stocks 25,596 57
Gross interest on deposits in trust companies

and banks 1,288 58



$457,951 95



Total gross interest and rents 82, 195 15

From other sources : Conscience money 33 59

From agents* balances previously charged off 12 JSI

ToUl income $490,193 80

Total footings $1,866,878 86



DISBURSEMENTS.

Marine and
Fire. inland.

Gross amount paid policyhold-
ers for losses (including
$193,165.16 occurring in previ-

t^»n Tears) $1,178,809 54 $8,986 28

Deduct amount received for sal-
vage. Are. $11 694.71 : reinsur-
ance, fire, $840,049.61 851,744 32

Net amount paid policy-
holders for losses $327,065 22 $3,986 28 $331,051 60



Digitized by LjOOQIC



326



CITIZENS tNS CO.



Expenses of adjustment and settlement of losses

Commissions or brokerage

Salaries, 110,649.74, and expenses 111,860.27 of special and gen-
eral agents

Salaries, fees, and all other charges of officers, directors, trus-
tees and home office employes

Rents

Advertising, 1482.81; printing and stationery, $2 181.66

Postage, telegrams, telephone and express



Legal expenses

Furniture and fixtures

Maps, including corrections

Underwriters' boards and tariff associations

Fire department, fire patrol and salvage corps assessments,
fees, taxes and expenses

Inspections and surveys

State taxes on premiums

Insurance department licenses and fees

All other licenses, fees and taxes : Municipal and county taxes
and fees

Other disbursements :

Commercial ratings $160 87

Ice water and toilet supplies 147 25

Insurance on company's Interest 61 87

Newspapers and periodicals 8126

Paid stockholders for interest or dividends

Agents* balances charged off

Gross lof:s on salo or maturity of ledger assots :



Bonds.



Total disbursements



Balance



6,841 0^
85,069 95

22,010 01

9,219 04

1.847 77

2,663 97

2,693 58

263 97

211 89

372 80

7,941 48

2.837 01

567 15

10.906 57

8,604 12

4,567 99



400 75

28,000 00

40 93

3,062 5P

1519.173 95

$847,699 90



LEDGER ASSETS.

Mortf^ge hntiH on r^al estate first liens

Book value of bonds, $495,168.75, and stocks,

$825.00

Deposits in trust companies and

banks not on interest $4,547 99

Deposits in trust companies and

banks on interest 81 , 548 32



Agents' balances representing business written
subsequent to October 1, 1918

Agents' balances representing business written
prior to October 1, 1913



$95,700 00
495.993 75

86,096 81

167,452 96

2.456 88



Total ledger assets $847,699 90



NON-LEDGER ASSETS.

Interest accrued on mortgages $664 41

Interest accrued on bonds 7,686 66

Total 8.351 07

Gross assets $856,050 97



DEDUCT ASSETS NOT ADMITTED.

Agents' balances, representing business written

prior to October 1. 1913 $2,456 88

Book value of ledger assets over market value :

Bonds 42.753 75

45.210 C8

Total admitted assets $810,840 34



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CITIZENS iNg C6.



327



LIABILITIES.

Gross losses adjusted and unpaid 158.981 33

Gross claims for losses In process of adjustment
or in suspense, phis $10,000 ; mserve for losses
incurred prior to December 31 of which no
notice bad been received on htat date 87,898 00

Gross claims for losses resisted 18,563 97

Total ^ $165,443 30

Deduct reinsurance due or accrued 125,072 47

Net amount of unpaid losses and claims $40,370 88

Gross premiums (less reinsurance) received
and receivable upon all unexpired fire risks,
$770,648.24; unearned premiums $405,347 88

Gross premiums (less reinsurance) (cash and
bills) received and receivable upon all unex-
pired Inlnnd navigation risks, *2,82t.28; un-
earned premiums (fifty per cent) 1,410 64

Total unearned premiums as computed above 406,758 52

Estimated amount hereafter payable for federal, state and other

taxes based upon business of the year of this statement.... 4,500 00

Total amount of all liabilities except capital $451,629 35

Capital actually paid up in cash $200,000 00

Surplus over all liabilities 159,210 99

Surplus as regards policyholders 359,210 99

Total liabilities $810,840 84



RISKS AND PREMIUMS.



Fire risks



(iro-is

premium^

thereon.



In force on the 31st day
of December, 1912

Written or renewedl
during the year |



$249,786,024* $2,880,527
162,067.9711 1,892.823 16|



-I-



Marlne

and inland

risks.



$299.3001
126,3851



Gross

premiums

tbereo:..



Totals I $411,853,9951 $4,773,351 0B| $425,690|

Deduct those expired! I \

and marked off as! I

terminated | 200,294. 397| 2,374,807 46 327,033!

1



In force at the end| | I

of year 1913 ....| $211,559,5981 $2,398,543 59|

Deduct amount reln-l I

sured | 139,502.091| 1.627,895 351



$98,657



Net amount In forcel
Dec. 31. 1913



-I-



I $72,057,5071 $770,648 241

I



$8,238 89
2,976 82



$11,215 71
8.394 43



$2,821 28



I I

$98,6571 $2,821 28

I



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3^8



CITIZENS INS CO.



RECAPITULATION OF FIRE RISKS AND PREMIUMS.



Year
written.



Term.



1

1913 1

1912 1

1913 1

1911 1

1912 !

1913 1

1910 1

1911 1

1912 i

1913 1

1909 !

1910 1

1911 1

1912 1

1913 '



One year or less
Two years. .....

Two years

Three years . . . .

Three years

Three years ....

Four years

Four years

Four years

Four years

Five years

Five years

Five years

Five years

Five years



Amount
covered.



$23,524,326

87,423

134,203

10,108,117

11,273.981

14,048,662

28,551

18,1351

29,206!

68,222|

2,507,385

2,806,442

2,110,329

2,216,558

2,495,907



Gross
premlnms
chanred,

less re-
insurance.






$294
1
1

98
112,
140



860 07
896 64
410 38
,849 75
842 17
,264 41
414 18
266 81
367 88
547 90
,703 30
,028 23
,851 89
,488 25
.757 38



1-2

1-4

3-4

1-6

1-2

5-6

1-8

3-8

&-8

7-8

1-10

3-10

1-2

7-10

9-10



Amount of
premium
unearneiL



$147,434 54

474 16

1,057 79

16,474 96

56,421 09

116,887 01

51 77

100 05

229 93

479 41

1.779 33

5,708 47

12,925 95

18,541 78

26,781 64



Totals I $72,067,5071 $770,648 241 ] $405,^47 88



I



I



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.



Fire.



Marine and' ^ ,
inland. Tornado.



Total.



Gross Hsks written f^ $2,831,186

Less $636,304 risks cancelled,!

and $99,466 reinsurance Inj

companies authorized in Wls-|

oonsin ' 698,070



$18,000



I-



Net risks written | $2,133,116



$186,125



87,7001



$3,035,311



735,770



$18,0001 $148,425



Gross premiums on risks writ

ten I $35,23755

Less $3,323.15 return premiums;'

and $1.028 59 premiums fori

reinsurance on companies au-|

thorized in Wisconsin | 6,210 43






$105



Net premlnms received..! $.'0,027 12|

Losses paid (deductinfc sal-l I

voKe) I $9,304 86| .

Less losses on risks reinsuredl j
in companies authorized ln|

Wisconsin I 166 02.



$105



$882 2z



141 31



Net losses paid



Losftes Incurred

Less losses on risks reinsured
in comn n'es authorized in
Wisconsin



-I-
' $9,198 84|.

$6T7i8'r7



$740 91
$739 59



$2,299,541



$36,224 IT



6.351 74



$29,873 08






$739 50



$10,104 45
166 02



Net los.scs incurred



I-



166 02



1-

$6,552 151 .



$739 59



$739 59



$9,938 43
~$7,457~76

166 02



$7,291 74



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CITIZENS INS. CO.



329



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.



Total premlams

Add unearned premlams Dec.
of previous year



31.



Total

Deduct anearned premiums Dec. 31,
end of the year



1457,951 90
437,217 04



$895,168 99
406,758 52



Premiums earned during the year.

UNDERWRITING PROFIT AND
LOSS ITEMS.

Gain from affents' balances previously]
charffe^ otf

Loss from agents* balances charged!
off I



$488,410 471.

I



I



I



I-



$46 201 .
40 931.



Gaii^ from above

Agents' balances and bills

receivable not admitted

Dec. 31, 1912 $2,596 89

Agents' balances and bills

receivable not admitted

Dec. 31, end of the year 2.456 88



Gain from above



$5 27i,



140 01



Gain from underwriting profit ond|
loss items I .



Underwriting income earned during'
the year I .



I
145 281 .



.t $488,635 7J

I



I



LOSSES.

Losses paid

Deduct unpaid losses Dec. 31 of pre-|
vious year



I-



!

.1
$331,051 501.
I
54.131 83i.
-I



Balance I $276,919 671.

Add unpaid lo.sses I>c<'. 31, end of thel '

year I 40.370 Kll .

I^Rses incurred during the year . . . . '



$317,200 50:.



UNDERWRITING EXPENSES.



I



Underwriting expenses paid durlngl
the year (

Deduct underwriting expenses unpaid)
Dec. 31 of previous year '

Balance '

Add underwriting expenses unpaid)
Dec. 31, end of the year I

Uoderwriting expenses incurred dur-!
ing the year ' .



I

1

$161,231 901.

46 75!.



$156,. '556 901.

I



4.500 00'.



I

a6i.o:»6 m.



Underwriting losses and expenses ..I.

Gain from underwriting during thel
year ' .



478,347 40



$10,208 S9



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330



CITIZENS INS. CO.



UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



INVESTMENT EXHIBIT.
Interest and Rents.

In^erest, dividends and rents received
during the year

Deduct interest, dividends and rents
due and accrued Dec. 31. end of the
year



Balance

Add interest, dividends and rents due
due and accrued Dec. 31, end of the
year



.1.



$32,105 16
10,687 96



$21,507 191

1

8,351 07



Total



LOSS ON INVESTMENTS. 1

Loss from sale of ledger assets | $3,062 50

Loss from change In difference be-|

tween book and market value dur-|

Ing the year I 20.090 00!.



Loss on Investments during the year|.

INVESTMENT EXPENSES. 1

Investment expenses paid during the)



-I



year



.1.



I



Investment losses and expenses dur-|
Ing the year



Ga^n from Investments during thef
year I



I
$23,152 501.

I
I
I
I
787 121.



$^.858 26



23.939 62



$5,918 64



MISCELLANEOUS EXHIBIT.



Dividends declared to stcckholdersl
during the year



I
Total gains and losses in surplus!

during the year |.

Surplus Dec. 31, 1912

Surplus Dec. 31, 1913 1

I

Decrease in surplus during the yenrl.



Gain In
Surplus.



$160,084 00|.
159.210 99!.



Totals



I



Loss in
Surplus.

$23,000 00



I
$16,126 99r $33,000 00



.1.



6.873 Oil



$23,000 OOl $28,000 00



Por cent of losses Incurred to premiums earned 05.
Per cent of underwriting expenses incurred to premiums earned 33.
Per cent of Investment expenses incurred to interest and rents earned 2.60.
Per cent of tottil losses and expenses Incurred and dividends declared to
total Income earned 101.40.



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CITY OP NEW YORK INS. CO. 331



OITT OF NEW YORK INSURANCE COMPANY,

New York City.

[Incorporated 1900w Commenced business April 12, 1966.}

Home office, MAIDEN LANE AND WILLIAM ST.

Date of admission Into Wisconsin, 1905.

President, MAJOR A. WHITE. Vice President, J. ROMAINB BROWN.

Secretary, J. CARROLL FRENCH.

CAPITAL STOCK.

Amount of capital paid up in cash ....s $900,000 00

Amount of ledger assets December 31 of previous year |1,Q61,2S1 38

Increase in paid-up capital during tbe year 80,000 00

Extended at |1, 681, 281 88

INCOME.

Plre.

Gross premiums |1, 201, 213 80

Deduct reinsurance premiums. Are, $332,483.21; re-
turn premiums, fire, $251,171.00 ....v 573,654 27

Total premiums (other than perpetual) $627,559 53

Gross Interest on mortgage loans $10,427 78

Gross Interest on bonds and dividends on stpcks,
less $329.50 accrued interest on bonds acquired

during the year 43,994 61

Gross interest on deposits in trust companies and
banks 1,449 48

Total gross Interest and rents 55,871 87

From other sources: Surplus paid in by stockholders (acquiring

new stock at price of $200 per share) 80,000 00

From agents' balances previously charged off 37 97

Grooss profit on sale or maturity of ledger assets:

Bonds $140 62

Stocks 391 81

532 43

Totol income $764,001 80

Total footings $2,395,283 18

DISBURSEMENTS.

Fire.

Gross amount paid policyholders for losses (Includ-
ing $16,101.31 occurring in previous years) ....... (590,519 35

Deduct amount received for salvage, fire. $5,187 86;
reinsurance, fire. $206,336.07; discount, fire. $578.14 214,102 07

Net amount paid policyholders for losses $376.4^28

Digitized by LjOOQK



332 CITY OP NEW YORK INS. CO.



Bxpeuses of adjustment aud settlement or losses

CommissloDR or brokerage

Salaries, ^,34659, and expenses, $6^439.50, of special and general
agents

Salaries, fees, and all other charges. of officers, directors, trus-
tees and home office employes *.

Renta n

Advertising. ^606.32; printing and stationery, $4,577.31

Postage, telegrams, telephone and express

Legal expenses

Furniture and fixtures

Maps, Including corrections

Underwriters* boards and tariff associations

Fire department, fire patrol and salvage corps assessments, fees,
taxes and expenses ^

Inspections and surreys

Taxes on real estate

State taxes on premiums

All other licenses, fees aud taxes: Municipal licenses iiud taxes

Other disbursements:

Mercantile reports $1,210 00

Sundry office expenses 479 84

Paid stockholders for Interest or dividends

Agents' balances charged off

Gross loss on sale or maturity of ledger assets:

Bonds $750 00

Stocks 4.243 50



7,980 15
118,039 55


15,786 09


71,981 46

12.496 16

5.183 63

5,198 09

415 17

618 78

3,792 01

8.680 81


6.287 6H
2,^9 94
13,821 84
4,605 11
2,584 13


1,689 84

50.000 00

446 03



4.993 50



Total disbursements $714,477 10



Balance $1,680,800 <«

Li:iKiKU ASSETJ?.

Mortgage loans on real estate, first Ileus $272,250 00

Book value of bonds. $323.54625. and stocks, $720,-

564.13 1, 044.100 88

Cash in company's office $6,553 13

Deposits in trust companies aud banks

not on Interest 7,154 06

Deposits in trunt companies and banks

on Interest 196,051 ,53

209,759 32

Agents' balances representing business written sub-
sequent to October 1. 1913 151.125 46

Agents' balances representing business written prior

to October 1, 1913 3.570 92



Total ledger assets $1,680,806 08

NON-LKD(iFK ASSKTP.

Interest accrued on mortgages $-*l. 689 37

Interest accrued on bonds 4.282 32

Total 7.971 09

Gross assets $1,688,777 77

DEDICT ASSKTS NOT ADMITTKP.

Agents' balnufcs. representing business written prior
to October 1, 1913 , .$3,570 92

Book value of ledger assetH over market value:
Stocks and bonds 129.000 38

132.571 SO
Total admitted usKets $1,556,206 47



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CITY OP NEW YORK INS. CO.



333



LIABILITIES.

Gross losses adjusted and unpaid (due, $1,441; not
yet due. $9,200)

Gross claims for losses in process of adjustment or
In suspense, plus $2,159.00; reserve for losses iu-
Incurred prior to December 31 of which no notice
had been received on that date

Gross claims for losses resisted



$10,641 00



87,779 00
13,600 00

Total $112,020 00

Deduct reinsurance due or accrued 96,744 17



Net amount of unpaid losses and claims $15, 275 83

Gross premiums (less reinsurance) received and receivable upon

all unexpired fire risks, $1,142,733.67; unearned premiums 610,441 17

Dividends declared and unpaid to stockholders 12,500 00

Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued 1^000 00
Estimated amount hereafter payable for federal, state and other

taxes based- upon business of the year of this statement 7,500 00

Reinsurance and return premiums due other companies 52,043 25

Total amount of all liabilities except capital $698,760 25

Capital actually paid up in cash $580,000 00

Surplus over all liabilities 277,446 22



Surplus as regards policyholders



857,446 22



Total liabilities , $1,556,206 47



RISKS AND PREMIUMS.

Gross
Fire premiums

risks. thereon.

In force on the 31st day of December, 1912 $162,841,808 $1,546,234 99

Written or renewed during the year 124,594,755 1,201,213 80

Tot^il $287,436,563 $2,747,448 79

Deduct those expired and marked off as terminated 105,346,297 1,023,537 45

In force at the end of the year $182,090,266 $1,723,911 34

Deduct amount reinsured 59,335,549 581.178 17

Net amount iu force $122,754,717 $1,142,733 17



RECAPITULATION OF FIRE RISKS AND PREMIUMS.



Year

written.


Term.


Amount
covered.


Gross
premiums
charged,

les.s re-
Inf^urance.




Amount of
premium
unearned.


1913

1912

3918

1911

1912

1918

1910

1911

1912

1918

IJM


One year or less . . .

Two years

Two years

Three years

Three years

Three years

Pour years

Four years

Four years

Four years

Five years


$38,8(K).382

368,706

559.190

17,570,198

22,530.979

24,592.200

409.634

283.866

114,498

282.900

1.481.17r>

3,299,912

4,298.877

3.696.480


$384,774 93' 1-2
3,819 31 1-4
4.122 801 3-4
139,586 20 1-6
182.718 21 1-2
205.202 21 5-6
4.373 81 1-3
2,000 761 3-8
900 681 :M)
2.105 061 7^
15,851 841 1-10
39,901 62' 3-10
48.992 701 1-2
54,583 781 7-10
63,798 26 9-10


$192,387 47

954 82

3,092 10

23,264 37

91,359 10

171,001 81

546 73

750 29

562 93

1,841 93

1 585 18


1910


Five years


11,970 4Q
24,496 85


1911


Five years


1W2


Five years


38,208 64
48,418 43


1913


PItc years


4.465.720








Totals

I


$122,754,717


$1,142,733 17


$610,441 17



Digitized by



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m



en* OP iJEW YoR^ ms. co.



BtJBlNBS^ IN THE STATE OF WISCONSIN DURING THE TEAR.

Fire.

Gross rtsks written ^'Sf'Il?

Less rUkB cancelled _1III

Net risks written $2 ^C 70,m

Gross premiums on risks written ^I* IS S

Less retnm premiums 4,4Zi ig

Net premiums received $33^872 13

Losses paid (deducting salyage) $9,838 W

Tiosset Incurred |10,|896 99



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.



Total premiums

Add unpaid return and reinsurance
premiums Dec. 31 of previous year



Total

Deduct unpaid return and relnsur
ance premiums Dec. 31, end of the
year



$027. 6S9 63
52.559 87



$680,119 40
52.<M3 25



Balance

Add unearned premiums Dec. 31
of previous year



Total

Deduct unearned premiums Dec. 31,
end of the year



Premiums earned during the year.



$628,076 15
609.002 12



$1,197,078 27
610.441 17



UNDERWRITING PROFIT AND
LOSS ITEMS.

Gain from agents* balances previously
charged off •

liOss from agents* balances charged
off



$37 97
446 93



Loss from above »....

Agents* balances and bills

receivable not admitted

Dec. 31. 1912 $4.854 16

Agents* balances and bills

receivable not admitted

Dec. 31« end of the year 8,570 92



$406 96



Gain from above



Gain from underwriting profit and
less items



1.283 24



Underwriting income earned during
t\^f 7ear



$586,687 10



874 28



$587,511 88



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bm OB* NEW YORK ms. CO.



335



UKDERWRITfNG AND INVESTMENT EXHIBIT— Continued.



LOSSBS.



Losses paid

Deduct unpaid losses Dec. 31 of pre
yions year



$376,417 28
24,481 28



Balance •

Add unpaid losses Dec. 31« end of the
year



$351,936 00
15,275 83



Losses incurred during the year



.1.



$367,211 83



UNDERWRITING EXPENSES. 1

I

Underwritinsr expenses paid duringi

the year I $280.994 891

Deduct underwriting expenses unpaidi |

Dec. 31 of previous year I 8.500 00!

Balance P $272,494 89

Add underwriting expenses unpaidi
Dec. 31, end of the year I 8.600 00

Underwriting expenses incurred dnr>|
ing the year



I



Underwriting losses and expenses ..|.

Loss from underwriting during the!
year |.



280.994 891



INVESTMENT EXHIBIT.
Interest and Rents.

Interest, dividends and rents received
during the year

Deduct interest, dividends and rents
due and accrued Dec. 31, end of
the year



$55,871 871
6.321 45



Balance I $49,550 42

Add interest, dividends and rents due)
and accrued December 31, end of|
the year I 7.971 69

Total

PROFIT ON INVESTMENTS.

Gain from sale of ledger assets . . .

Investment income earned during the
year



$57,532 11



532 43



LOSS ON INVESTMENTS.

Ix>s8 from sale of ledger assets I

Lo<«R from change in difference be- 1
tween book and market value dur-|



ing the year I

Lo«0 on investments during the year|.



$4,993 60
47.960 00



$52,953 601.



648.206 72



$60,696 84



$58,064 64



Digitized by



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336



CITY OP NEW YORK INS. CO.



UNDERWRITING AND INVESTMENT EXHIBIT- Continual.



INVESTMENT EXPENSES. |

loTestment expenses paid during tbei
year I .



InvestnientB losses and expenses dur-|
Ing the year j .



Gain from investments during tbe|
year |.






MISCELLANEOUS EXHIBIT. |

DiYidends declared to stockholders!

during the year i .

Surplus paid in by stockholders (sale|

of new stock)



Net gain from above



I



Total gains and losses in surplu.sj

during the year |

Surplus Dec. 31, 1912 | $304,665 02 1

Surplus Dec. 31, 1913 | 277,446 221

Decrease in surplus during the yearl.



Totals



1



I
1,624 5(»;.



I



54,578 00



$3,476 54



Gain in | Loss in
Surplus, i Surplus,



$80,000 00'.

1

$30,000 001.



.t $50,000 00

I



$38,476 54|



$60,6f» S4



27,218 801 .



$60,695 841 $60,695 84

I



Per cent of losses Incurred to premiums earned 62.60.
Per cent of underwriting expenses incurred to premiums earned 47.9.
Per cent of investment expenses incurred to interest and rents earned 2.80.
Per cent of total losses and expenses incurred and dividends de<*lnred to
total Income earned 108.80.



Digitized by



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COLONIAL ASSURANCE CO. 33?



COLONIAL ASSUBANCE COMPANY,

New York City.

Home Office 128 WILLIAM STREET.

[Incorporated June 15, 1806; commenced business July 15, 1896.]

Dnlc of admis<>lon Into Wisconsin, March, 1807.

Pi-, sitlenl. LKO II. WfSK. Vice Presldont, KDWAUD R. HALL.

Secretary, E. S. POWELL, JR.

CAPITAL STOCK.

Amount of capital paid up in cash |200,000 00

Amount of ledger assets, December 31 of previous year $408,222 46

INCOME.

nre.

Gross premiums 1247,455 23

Deduct reinsurance premiums, fire $25,311.06 ;

return premiums, fire, $58,114.00 83,425 06



Total premiums (other than perpetual) $164,030 17

Gross interest on bonds and dividends on stoclis,
less $232.15 accrued interest on bonds ac-
quired during the year $12,944 30

Gross Interest on deposits in trust companies and

banks 1,839 38

Gross interest from all other sources : Phila-
delphia Fire Underwriters* Association 3 15



Total gross Interest and rents 14,786 83

Gross profit on sale or maturity of ledger assets : Bonds 250 00



Total income $179,067 00



Total footings $587,289 46



DISBURSEMENTS.



Fire.



Gross amount paid policyholders for losses (in-
cluding $7.301. 20 occurring in previous years) $70,683 02

Deduct amount received for salvage, fire,

$6,601.90 ; reinsurance fire, $5,557.98 12,169 88

Net amount paid policyholders for losses $58,528 14

Expenses of adjustment and settlement of losses 821 86

Commissions or brokerage 59, 223 37

Salaries 40 00

Salaries, fees, and all other charges of officers, directors, trus-
tees and home office employes 2,590 00

Legal expenses 75 00

Underwriters' boards and tariff associations 1,561 02

Fire department, fire patrol and salvage corps assessments, fees,

taxes and expenses 691 49



22— Ins.— I

Digitized by



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S38 COLONIAL ASStttAkcfi CO.

Inspections and surveys 80 8^

State taxes on premiums 1,637 36

Insurance department licenses and fees 492 75

All other licenses, fees and taxes :

Federal corporation tax |370 20



Online LibraryWisconsin. Dept. of InsuranceReport → online text (page 39 of 94)