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INCOMB.

Fire.

Gross preoiiums $1,006,375 80

Deduct reinsurance premiums, fire, $139,840.00; re-
turn premiums, fire. $154,612.31 294,452 31



Total premiums (other than perpotnul) $711.92.149

Cross Interest on mortgage loans $5,T50 00

Gross Interest on bonds and dividends on stocks,
less $228.33 accrued interest on bonds acquired
dur n«? tne year 50,782 17

Gross Interest on deposits in trust companies and
banks 376 53



Total gross interest and rents ^ ; 56,908 70

Gross profit on sale or maturity of ledger assets : Stocks 137 68

Gross increase, by adjustment, in book value of ledger assets:

Stocks 9.85000



Total income $778,819 87



Total footings $2,093,002 55

DISBURSEMENTS.

Fire.

Gross amount paid policyholders for losses (includ-
ing $39,934.09 occurring in previous years) $420,206 50

Deduct amount received for salvage, Are, $3,356.57;
reinsurance, lire, JI.{tt,225.19; discount, fire, 723.37.. ^ 67.305 13

Net amount paid policyholders for losses $352,961 43

Expenses of adjustment and settlement of losses 8,618 59

Commissions or brokerage 261,759 74

Salaries, fees, and all other charges of officers, directors, trus-
tees and liome oiBce employes 1,440 00

Rents 4,500 00

Underwriters' boards and tariff associations 5,407 12



Digitized by



GoogI(



680 NORTHERN INS. CO.

Plre department. Are patrol and salTage corps assessments, fees,
taxes and expenses 6.782 17

State taxes on premiums 14, 179 Hi

Insurance department licenses and fees 4,315 80

All other licenses, fees and taxes:

Federal corporation tax $19 48

City licenses 260 00



Other disbursements:

Airenis' bonds $,^63 .37

Audit 262 50

Engrossing memorials, deceased directors 12.5 00

Safe deposit rental 55 00



270 48



805 87

Paid stockholders for interest or dividends 21,000 00

Gross decrease, by adjustment, In book value of ledger assets:

Bonds $10, 150 00

Stocks * 15, 362 50



25,512 50



Total disbursements $707.562 61



Balance $1,385,439 94



LEDGER ASSETS.

Mortgage loans on real estate, first Hens $128,000 00

Book value of bonds, *104,280. and stocks, :frKS<t.47.">. . 1.090,7.55 00

Cash in company's office $39 98

Deposit in trust companies and banks

not on interrest 20,257 05

Deposit in trust companies and banks

on interest 48,513 83



68,810 86
Agents' balances representing business written sub-
sequent to Octol>er 1, 1913 97.098 83

Agents' balances representing business written prior

to October 1, 1913 775 25



Total ledger assets !.,... $1,385,439 94



NGN LEDGER ASSETS.

Interest accrued on mortgages $1 ,728 75

Interest accrued on Imnds 4,454 12



Total 6,182 87

Other non-ledger assets: Reinsurance on loss paid Connecticut
Ins. Co 400 00



(iross assets $1,392,022 81



DEDVCT ASSETS NOT ADMITTED.

Agents* balances representing business written prior

to October 1, 1913 $775 25

Book value of ledger assets over market value 52.950 00



53 725 ?o
To :il udmltTed assets $1,338,297 56



Digitized by



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NORTHERN INS. CO. 681



LIABILITIES.



GrosH claims for Iossck iu process of adjustment or
in suspense, plus $3,902.30: reserve for losses
Incurred prior to December 31 of which no notice
had been received on that date $31 , 137 14

Gross claims for losses resisted 3,500 00



Total $54,637 14

Deduct reinsurance due or accrued 10,375 94



Net amount of unpaid losses and claims $44,201 20

Gross premiums (less reinsurance) received and receivable upon
all unexpired fire risks. $1,205,041.40: unearned premiums 007,051 93

Estimated amount hereafter payable for federal, state and other
taxes based upon business of the year of this statement 15,000 00



Total amount of all liabilities except capital $726,313 13

Capital actually paid up in cash $350,000 00

Surplus over all liabilities 2G1.984 43



Surplus as regards policyholders 611 ,9i>l 43

Total liabilities $1,338,297 56



RISKS ANI> PREMIUMS.

Gr(»ss
premiums
Fire risks. thereon.

In force on the 31st day of December, 1912 $14O.720,:Vi9 $1.. 343, 783 46

Written or renewed during the year 101,056,75S 1,000.375 80

Total $241,783,117 $2,.'?50.159 2t;

Deduct those expired and marked off as terminated 87,801,749 890,166 80

In force at the end of the year $153, 891,. 308 $1.4.59,992 40

Deduct amount reinsured 20,480.029 191.9.51 00

Net amount in force $1.33,410,7.39 $1 .2&5.041 'I?



Digitized by



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682



KOBTHEBN INS. CX).



RBCAPITULATION OF FIRE RISKS AND PREMIUMS.




1913.
1912.
1913.
1911.
1912.
1913.
1910.
1911.
1912,
1913.
1909.
1910
1911
1912
1913



One year or less .

Two years

Two years

Three yeara

Three years

Three years

Four years

Four years

Four years

Four years

Five years

Five years

Five years

Five years

Five years

Over five years .



Totals



$41,941,683,

435.188'

721, G<M!

18,013.283

23,239.076

28,236.808

320,9811

365.499'

155,6751

83,484

2.977,945!

3.451.949|

4.040.126

4,755,581'

4,585.5071

86,000|



$457,421 11

3.326 321

0,163 06,

14 S, 133 1S|

189.896 52'

219,571 771

2,235 35

2,685 52!

1,281 86

884 911

36.070 21'

40.446 99!

46.286 61

54.318 21!

55.490 08

829 761

-I-



1-2

1^

3-4

l-(5

1-2

5-6

1-8

3-8

5-8

7-^

1-10

3-10

1-2

7-10

9-10

P. R.



$133,410,739^ $1,265,041 46'.



$228,710 56

831 58

4.622 30

24,688 86

94.948 26

182,976 47

279 42

1,007 07

801 15

774 30

3,607 02

12.134 00

23,143 81

38.022 75

49.941 08

563 71



$667,051 93



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.

Fire.

Gross risks written $2,565,628

L€»88 $339,<«9 risks cflncelled. and $13,642 reinsuranoe in compa-
nies authorized iu Wisconsin 325,427

Net risks written $2,240,201

Gross premiums on risks written $33,054 30

Less $2,988.57 return premiums ; and $190.71 premiums for reinsur-
ance in companies authorized in Wisconsin 3 . 179 28

Net premiums received $29.875 02

Losses paid (deducting salvage) $13,555 72

Less losses on risks reinsured iu companies authorized in Wiscon-
sin 1.040 51

Net losses paid $ 12.515 21

Losses Incurred $15,762 82

Less losses on risks reinsured In companies authorized In Wiscon-
sin 1.790 51

>'et losses Incurred $18.972 31



Digitized by



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NORTHERN INS. CO.



683



UNDERWRITING AND INVESTMBiNT EXHIBIT.



UNDERWRITING EXHIBIT. !

Premiums. !

Total premfumn I $711,928 49i

Add unpaid return and reinsurance!
premiums Dec. 31 of previous yearl 16,614 69]

Total I $728.638 18'

Add unearned premiums Dec. 31 ofl
previous year I 613.818 12'



Total I $1,342,356 30i

Deduct unearned premiums Dec. 31,1
end of the year I 667.051 931



Premiums earned during tbe year



UNDERWRITING PROFIT AND •

LOSS ITEMS. I

I

Afrents' balances and bflln '

receivable not admitted I

Dec. 31, 1912 $344 40i.

Agents' balances ^nd bills '

receivable not admitted !

Dec. 31, end of the year 775 25! .



Loss from above



Underwriting Income earned during'
the year ' .



LOSSES. I

I

Losses psid I $352.96143

Deduct sslvagp and relnMurnnce recov-l
erable Dec. 31, end of the year ...I 400 00'



t_



Balance ) $352,561 43'

Deduct unpaid losses Dec. 31 of pre-'
vious year I .52.657 881



Balance I $299,903 551

Add unpaid losses Dec. 31, end of the
year I 44.261201

Losses Incurred durinp the year



i-_



I
UNDERWRITING EXPENSES. I

Underwriting expenses paid during!

tbe year ! $306,586 501

Deduct nnd^rwrl'lng expenses unpaid'

Dec. 31 of previous year ' 15.000 00'



I-



Balance ) $291.586 50'

Add underwriting exnenses uupnld

Dec. 31. end of the year ! ir..O<K) 00'

I-
Underwritlng expenses incurred dur-!
ing the year !.



Underwriting losses and expenses ...!

Gain from underwriting during thel
year I



1=;==;=



$675,304 371



430 Wl



$H44.164 75



306,586 501



$674,873 52



650.751 25



$94. 1st $7



uiyiLizeu uy ■



.O



'ogI(



684



NORTHERN INS. CO.



UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



I

INVESTMENT EXHIBIT. I

Interest and Rents. >

Interest, dividends and rents received!
during the year I

Deduct Interest, dividends and rents
due and accrued Dec. 31. end of thej
year |

Balance '

Add interest, dividends and rent« duel
and accrued Dec. 31. end of the!
year |

I-



Interest and rents earned durlngr the'
year i



PROFIT ON INVESTMENTS. !

Gain from sale of ledjfer assets ;

Gain from Increase In booli value oft
ledger assets \

Profit on investments during the yeart.

Investment income earned during the'
year i .



I



I



$5G,908 701.

I

I

5.835 m\.



$51,072 841.

i

6.182 87 .

_ 1



I



?137 081 .
9.^50 00!.



T



?57.255 71 i



9,987 08 .



$67,24;; 39



LOSS ON INVEST.MENTS. !

Loss from decrease in book value of.
ledger assets I

Loss from change in difference be-'
tween book and market value dur-I
Ing the year I

Loss on investments during the year*.

!
1



INVESTMENT EXPENSES.



Investment expenses paid during thel
year I .



Investment losses and expenses dur-1
lug the year I .



$25,, 512 501.



37,287 50].

1



Gain from investments during thel
year






$02,800 00 .



1..502 181.



64,302 18



$2,941 tl



MISCELLANEOUS EXHIBIT. |

I

Dividends declared to stockholders!
during the year !



Gain in
Surplus,



Total gains and losses in surplus!

during the year !.

Surplus Dec. .tl, 1912 1

Surplus Dec. 31, 1013 '



Increase in suri»Ius during tiie ye
Totjils



$255,920 95..
201,984 43 .



I
$27,0eS 48i



Loss in
Surplus.

$21,000 00



$si.eM «•



$37,06« 481



6,06:1 4S
$37. 663 48



Per cent of losses incurred to premiums earned 60.9.
Per cent of underwriting expenses incurred to premiums earned 45.3.
Per cent of investment expenses incurred to Interest and rents earned 02.4.
Per cent of total losses and expenses im-urred and i^lvidends declare<l tM
total Income earned 99.18i.



Digitized by



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i^JORTfiWESTERN PIRE & MARINE INS. 685



NORTHWESTERN FIRE AND BIARINE INSTTRANCE
COMPANY,

Minneapolis, Minn.

[Incorporated under the Inwg of the State of North Dakota. May 2, 1899. Rein-
corporated under the laws of the State of Minnesota March 7, 1906. Com-
menced business May 2, 1809 and March 8, 1906. Date of admission into
Wisconsin October, 1904.]

Home office. 117-129 SOUTH FIFTH STREET.

President, WALTER 0. LEACH. Vice President. ALVIN ROBERTSON.

Secretary, JOHN H. GRIFFIN.

CAPITAL STOCK.

Amount of capital paid up in cash $300,000 00

Amount of ledger assets December 31 of previous year |984,351 09

INCOME.

Tornado
Fire. and hall.

Gross premiums $730,066 60 $484,286 57

Deduct reinsurance premiums, fire,
$186,606.34; tornado and bail, $70.-
413.40; return premiums, fire. $103,-
157.29; tornado and hall, $16,119.65.. 289,763 63 86,533 14



Total premiums (other than per- •

petual) $440,302 97 ^ $397,753 43

Gross Interest less com., $891.38 on mortgrage loans,
less $1,379.60 accrued Interest on mortgages ac-
quired during the year $30,660 59

Gross Interest on bonds and diridends on stocks,
less $654.89 accrued interest on bonds acquired
during the year 9,914 64

Gross interest on deposits in trust companies and
banks 1,655 18

Gross Interest from all other sources:

Bills receivable 33 50

Certificates of deposit 7,536 20



$838,056 40



Total gross Interest and rents 45,800 11

Total Income $883,856 51



Total footings $1,868,207 60

DISBURSEMENTS.

Tornado
Fire. and hall.

Gross amount paid policyholders for
losses (including $10,356.19 occur-

Hng In previous years) $335,848 96 $178,451 10

Deduct amount received for salvage,
fire, $1,082.92; reinsurance, fire, $140,-
881.26; tornado and bail, $30,608.78;
discount, fire, $43.02 142,007 20 30,608 78

Net amount paid policyholders

for losses $193,841 76 $147,842 32

$341^684 06



Digitized by LjOOQIC



686 NORTHWESTERK PIRK £ MARINE INS.

Expense of adjuatment and settlement of losses ! 2,S72 SS

Commissions or brokerage (including $100,911.53 on risks of oUier

companies reinsured) less $70,080.44 reinsurance commissions... 225,025 23

Allowances to local agencies for miscellaneous agency expenses.. 1,507 96
Salaries, $18,483.44, and expenses, $16,968.40, of special and general

a«ieui8 35 , 451 84

Salaries, fees, and all other ctiarges of officers, directors, trus-
tees and home office employes 47,853 29

Rents 5,471 52

Advertising, $3,427.66; printing and stationery, $5,133.11 8,540 77

Postage, telegrams, telephone and express 4, 295 78

Legal expenses 1,775 34

Furniture and fixtures 518 18

Haps, including corrections 340 68

Lnderwriters' boards and tariff associations 1 , 310 40

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

taxes and expenses 912 72

Inspections and surveys 2,013 00

State taxes on premiums 21,795 43

Insurance department llceuses and fees 4,545 88

All other licenses, fees and taxes:

Fire marshal tax $882 31

Municipal and county taxes and licenses 1,165 96

2,048 27
Other disbursements!

15rad»truec uuu co : $133 50

R. G. Dun and Co 145 00

L nderw niers ±*roiective Ass u 200 00

Frame -Dougherty and Co., audit 400 00

General 299 98

"~~""*"~^ 1,178 48

Premium on bonds purchased 724 96

Paid stockuoiaers for iutere«t or div.aeuds 30,000 00

Total disbursements $789,566 09

Balance $1,128,641 51



• LEDGER ASSETS.

Book value of real estate $3,757 50

juoiiguge louus on leui estate, nrst liens 6<i*>,b9i "ii

Book value of bonds, $1,323.75, and stocks, $1,700.00 154,075 00

Casn in company's office $o,694 07

Deposits in trust companies and banks

not on interest 107,522 26

Deposits in trust companies and banks

on interest ._ 162,999 80

276,217 03

Agents' balances representing business written sub-
sequent to October 1, 1013 52,045 86

Agents' balances representing business written prior
to October 1, 1913 3,544 06

BJls receivable, taken for fire risks 2,273 66

Other ledger assets: Due from reinsuring compa-
nies. 10,736 69

Totel ledger assets $1,128,641 61



NON-LEDGER ASSETS.

Interest due, $1,058.50 and accrued, $9,646.00 on mort-
gages $10,704 50

Interest accrued on bonds 2,228 02

Interest accrued on other assets 1 , 635 91

Total 14,668 48

Gross assets $1,148.209 94



Digitized by LjOOQIC



NOBTHWESTEBN PIRE & MARINE iKS.



687



DEDUCT ASSETS NOT ADMITTED.



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

Bills receivable, past due, taken for marine, inland
and Are risks



Book value of ledger assets over market value:
Vvesteru AUjUHliiient and inspection Co. stock .
The Underwriters' Salvage Co. of Chicago



(3.502 05

41 11

$3,(H4 06

200 00
500 00



4,244 06



Total admitted assets , $1,138,965 J



LIABILITIES.

Gross claims for losses in process of adjustment or in
suspense, plus $d09.43; reserve for losses incurred
prior to December 31 of which no notice had been
received on that date

Gross claims for losses resisted



Totel

Deduct reinsurance due or accrued.



120,838 61
5.918 91

^6.787 52
10,066 68



Net amount of unpaid losses and claims 116,720 84

Gross premiums (less reinsurance) received and receivable upon

all unexpired fire risks, $813. 772.32; unearned premiums 430,991 22

Dividends declared and unpaid to stockholders 80,00000

Salaries, rents, expenses, bills, accounts, fees, etc., due or ac*

crued 816 96

Estimated amount hereafter payable for federal, state and other

taxes based upon business of the year of this statement 23,136 26



Total amount of all liabilities except capital $501,664 27

Capital actually paid up in cash $300,000 00

Surplus over all liabUities i 337,801 61



Surplus as regards policyholders.



637,301 61



Total liabilities $1,138,965 i



BISKS AND PREMIUMS.



1 Fire risks
1


Gross
premiums
thereon, |


Marine and
inland
risks.


Gross
premiums
thereon.


In force on the Slst dayl
of December, 1912 ...| $68,198,478


$873,686 36
1,214,353 17

208.190 85






Written or renewed dur-
ing the year


80.387,711






Excess of original pre-
miums over amount
received for reinsur-
aixce






Total J








$148,586,189
54,864,0741


$2,296,230 38
1,130,220 92


All hall bus. ernlrPil 0.lR.1ft


Deduct those expired
and marked off as
terminated 1


$6,234,446


$406,30164


In force at the
end of the year


$93,722,115


$1,166,009 46
352,237 14






Deduct amount rein-
sured


26,068,178












Net amount in
force •


$67,663,942


$813,772 32








1 II III-


-



Digitized by



GoogI(



m



Northwestern B*mE & marike iks.



UECAPITT'LATION OF FIRE RISKS AND PREMIUM^.



Year
wrliien.



Term.



1013 1 One year or less |

1011 1 Three years

1012 Three years

1913 1 Three years

1909 1 F ve years

1910 1 Five years

1911 1 Five years

1912 1 Five years

1913 i Five years



I



Totals



Amount
covered.



pi-emlum-*

charsred,

lessre-

iDbUiauce






Amuuul uf
pit-m um
uufa^ned



$9.gSl,116


$154,602 90


X-2


$77 301 50


11,497,209


120,968 19


1-6


20.161 36


13,305,975


147,392 65


1-2


73 696 33


15,358.205


101.264 85


5-8


134.387 38


2.405.012


32,045 50


1-10


3.204 55


2.908,756


41,838 13


3-10


12..V>1 44


3.870,115


50,557 28


1-2


25-278 64


3,079,737


,'50,912 16


7-10


35.638 51


4,599.217


54,190 57


9-10


48.771 51


*07,653,942


$813,772 32





$430,991 22



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.





1
Fire. |

1 1


Tornado.


Total.


Gross risks written


$3,066,070 00|

1

1.208.810 OOl

1


$360, 6a'^ 00
132.730 00


$5,435,675 00


Less $566,816 risks cancelled, and
$774,724 reinsurance in companies
authorized in Wisconsin


1.341,540 00






Net risks written


l!;3,857,260 00|


$236,875 00


$4,094,135 00






Gross premiums on risks written

Less $5,351.18 return premiums; and
$10,.369.17 premiums for reinsurnnct'
in companies authorlr.ed in Wlscon-
H'n


$47,377 6:t|

1

14.908 84


$2,309 93
811 51


f49.687 46
15 720 35






Net premiums received


$32,468 79


$1,498 32


$33,967 11


Losses paid (deducting salva^re)

Less losses on risks reinsunnl in com-
panies autliorlKed in Wiscon.«<in


$11,844 .35*
.•»..%S4 29


$3,852 65
1,890 93


$15,607 oa

7.275 22


Net losses pald...\


$0,460 061


$1,961 T2


$8,421 78


Losses Incurred

Less los.«<es on ri.**ks reinsured In com-
panies authorized In Wlstousln


$10,038 221

3.943 041

j


S3,9a3 15
1.S93 93


$13,941 37
5.836 97


Net losses incurred


$6,095 181


$2,009 22


$S.1<H 40



Digitized by



GoogI(



NoktHwestern pire a marine i>Js.



689



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.



Total premiums

Add uuearned premiums Dec. 31 of
previous year



$838,056 40
288.812 00



Total

Deduct unearned premiums Dec. 31, |
end of the year I

Premiums earned during tliej
year



$1,126,868 40
430.901 22



UNDERWRITING PROFIT AND I

LOSS ITEMS. I

Agents* balances and bills |

receivable not admitted |

Dec. 31. 1912 $6,214 08|.

Agents* balances and bills |

receivable not admitted i

Dec. 31, end of the year 3,544 06] .



Gain from above.



-I



Underwriting Income earned during!
the year | .



LOSSE.<<. i

Losses paid ( $341,684 08

Deduct unpaid losses December 31 of|
previous year i 15.325 27



$695,877 18



!



2,670 02|.

I



$098,547 20



Balance I $,126,358 81

Add unpaid losses December 31, end-|
of the year I 16.720 84

Losses incurred during the year |



$343,079 65.



UNDERWRITING EXPENSES.



t



Underwriting expenses paid duriugi |

the year | $366,249 81(.

Deduct underwriting expenses unpaid|

December 31 of previous year I 26,867 641.



Balance | $330,382 17 1.

Add underwriting expenses unpaid! |

December 31, end of the year I 23.952 211.

Underwriting expenses incurred dur-| |

ing the year I |

I'nderwriting lo.sses and cxpen.ses . . .1

Loss from underwriting during the!



year



.1.



I



363.334 381.



.1 706.414 03

I

I
.1 $7,866 83



44— Ins.— I



Digitized by



GoogI(



690



Northwestern fire & marine ms.



UNDERWRITING AND INVESl^MENT EXHIBIT—Contlnued.



INVESTMENT EXHIBIT.
iDterest and Rents.



Balance



Investment expenses incurred duriugi
the year {



$45,800 11|.



Interest, dividends and rents receivedi
during the year j

Deduct Interest, dividends and rentH|
due and accrued December 31, endj
of tlie year ^ I

Balance | $33,229

Add interest, dividends and rents duel
and accrued December 31, end of]
the year 14,568



12,570 121.



-I



43



Add interest and rents paid in ad-|
vance December 31, end of the year| ,.



INVESTMENT EXPENSES.

Investment expenses paid during thei

year i $724 1>8

Deduct investment expenses unpaidj

December 31, end of the year i 907 22



Gain from investment during the year; j .

i i



MISCELLANEOUS EXHIBIT.

to stock holdersj



I



$47,798 42



.|.



1,632 20 .



1,632 20



$46,106 ft



Dividends declared
during the year...



Qain iu
Surplus.



Total gains and losses in surplus dur-j
ing the year | .



Loss in
Surplus.

$80,000 00



$46,166 2S1



$37,806 83



Surplus Dec. 31, 1012

Siirnlns Dec 31 1913


$329,002 22
337.301 61


1

V . .1








Increase in surolus durinn the vear..




8,880 80










Totals


$46,166 23


$46,106 tZ









Per cent o( losses incurred to premiums earned, 49.80.
Per cent oi underwriting expenses Incurred to premiums earned, 52.21.
Per cent of investment expenses incurred to interest and rents earned, 3.42.
Per cent of total losses and expenses iiicurred and dividends declared to total
income earned, 98.89.



Digitized by



GoogI(



OLD coLoKy IKS. CO. 691



OLD COLONY INSUBANOE COMPANY,

Boston, Mass.

Home Office, 137 MILK STREET.

[Incorporated June 2, 1906; commenced business June, 7, 1906; admitted 1907.]

President, RANSOM B. FULLER.

Vice Presidents, WILLIAM R. HEDGE, E. WINCHESTER.

Secretary. CHARLES D. HODGES.

CAPITAL STOCK.
Amount of capital paid up In cash $400,000 00



Amount of ledger assets, December 31 of previous year $1.347, 196 96

INCOME.

Marine and
Fire. inland.

Gross premiums $790,946 90 $280,533 68

Deduct reinsurance premiums, fire,
$175,203.74; marine and inland, $76,-
770.03; return premiums, fire, $149,-
077.86; marine and Inland, $55,246.51 324,281 60 132,517 14



Total premiums (other than 'per-
petual) $466,663 30 $148,517 14

Gross interest on mortgage loans $2,895 00

Gross interest on bonds and dividends on stocks,

less $625.00 accrued interest on bonds acquired

during the year 46,047 50

Gross interest on deposits in trust companies and

banks 1,358 37

Gross interest from all other sources:

Interest on deposits towards purchase of new
stock 403 61

All other miscellaneous interest 71 25



$615,182 44



Total gross interest and rents 50, 775 73

From agents' balances previously charged off 69

Gross profit on sale or maturity of ledger assets : Stocks 685 50



Totel income $666,644 36

Total footings •. $2,013,841 32

DISBURSEMENTS

Marine and
Fire. inland.

Gross amount paid policyholders for
losses (including $55,196.82 occurring

in previous years) $292,349 50 $150,752 65

Deduct amount received for salvage,
fire, $8,464.00; marine and inland,
$4,061.82; reinsurance, fire, $74,220.91;
marine and inland, $61,116.29; dis-
count, fire, $196.21, marine and In-
land, $83.70 77,881 12 66,211 81



Net amount paid policyholders for

losses $214,468 88 $85,540 74

$300,009 12

Bxpenset of adjustment and settlement of losses 8, 446 66

CommlMlon or brokerage 160,111 40

Allowances to local agencies for miscellaneous agency expenses. ... 2.892 60



-"lyitized by



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69^ OLD coLoi^Y ms. CO.

Salaries, $9,428.30, and expenses, JJ5392.83, of special and general

agents 9,821 13

Salaries, fees, and all other charges of officers, directors, trustee^

and home office employes 18,814 71

Rents 584 04

Advertising, ;i;.507.98 ; printing and stationery, $4,334.87 , 4.842 83

Postage, telegrams, telephone and express 1,099 85

Legal expenses 214 1ft

Furniture and fixtures 36 53

Maps, including corrections 156 34

Underwriters* boards and tariff associations ; . 5,080 44



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