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Net amount paid pollrvholrlers for losses $14S.71.'» ^

Expenses of adjustment and settlement of losses 3..^0 44

Commissions or brokerage 67,2.39 87

Allowances to local agencies for miscellaneous agency expenses . . 604 86

Expenses of special and general agents 489 14

Salaries, fees, and all other charges of officers, directors, trus-

tees and home office employes 16,074 87

Rents 1,747 18

AdTO?niii>g, .136.90; priottoff ana atnUooery, $8,888.84 . . , 8.866 91



Digitized by



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704 PELICAN INS. CO.



Postage, telegrams, telephone and express 914 S4

Legal expenses 109 96

Furniture and fixtures 753 09

Maps, including corrections 1.376 86

Underwriters' boards and tariff associations 3.308 93

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

taxes n»ul exnense^i 2.785 09

Inspections and sur\*eys 1,514 20

State taxes on premiums 5,790 26

Insurance department licenses and fees 2,564 23

All other licenses, fees and taxes:

Federal corporation tax $.377 02

State licenses 025 00

Local taxes 724 22

Advertising required by law 597 08

2,323 32
Other disbursements:

Exchange $140 81

T'npaid reinsurance premiums 1912 12,303 65

Bond premiums as required by law 200 00

12. 6U 46

Paid stockholders for Interest or dividends 20.000 00

Gross decrease, by adjustment, in book value of ledger assets:
Bonds 10.356 25

Total disbursements $307,242 48

Balance • $753,035 09



LEDGER ASSETS.

Book value of bonds $054,000 00

Denoslts In trust comoanleM and bunks on interest . 45,558 3S

Agents' balances representing business written sub-
sequent to October 1, 1913 51.635 05

Agents' balances representing business written prior

to October 1, 1913 1 ,646 26

Other ledger assets: Philadelphia Underwriters' de-
posit 100 00

Total ledger assets $7."i3.035 6l>



NOX-LEDGKR ASSETS.

Interest due, $1,078.18 and accrued, $5,095.84 on bonds 6.774 0::

Gross assets $759, 809 71

DBDUC^r ASSETS NOT AD.MITTED.

Agents' balances, ^presenting business written prior to October
1, 1913 1.646 '-n

Total admitted assets $758,163 45



Digitized by



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PELICAN INS. CO.



705



LIABILITIES.



Gross losses adjusted, not yet due

Gross claims for losses In process of adjustment or

In suspense ^

Gross claims for losses resisted



Total

Deduct reinsurance due or accrued



$1,083 00

22,789 00
200 00

$24,672 00
9,682 19



Net amount of unpaid losses and claims



Gross premiums (less reinsurance) received and receivable upon
all unexpired fire risks, $508,878.97 ; unearned premiums

Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued

Bstimated amount hereafter payable for federal, state and other
taxes based upon business of the year of this statement

Commissions, contingent or other charges due or accrued



$14,989 81



269,238 09
500 00

7,000 00
4.250 00



Total amoupt qf all liabilities except capital $205,977 90



Capital actually paid up in cash
Surplus over all liabilities



$200,000 00
262,185 55



Surplus as regards pplicybolders
Tot^n»Abllltle« ,.,,,..



462,185 55

$758,163 45
> ■ ■ u .S



BISKS AND PREMIUMS.

Gross
premiums
Fire risks. thereon.

In force on the Slst day of December, 1912 $68,495,781 $625,674 20

Written or renewed during the year 57,338,491 502,335 97

Excess of original premiums over amount received
for reinsurance 3, 210 41

Total "Il25.834,272 $1,131,220 58

Deduct those expired and marked oft as terminated 48,728.735 452,607 59

In force at the end of the year $77,105,537 $678,612 99

Deduct amount reinsured 14,991.488 169,734 02

Net amount in force $62,111,049 $508,878 07



45— Ins.— I



Digitized by



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706



PELICAN INS. CO.



RECAPITULATION OF FIRE RISKS AND PREMIUMS.



Year
wrltteo.



Te:m.



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



Gross •
pfpmlunis
chared
less re-
in. su ranee.



Amount of
premium
unearned.



$21,474.4881

350,815!

348.901'

8.951.6781

10.441.813!

12,618,5251

38.7001

115.718*

87.1111

87.6501

600.1641

1. WW. .5831

1.6ft4.218l

1.782.516'

2.4W5.079I



1173,279 671

2,330 451

1.360 67!

71,607 711

80.567 021

92.465 36'

498 39'

888 69'

563 03'

619 06'

8.137 06

12.612 511

19.755 921

19.080 431

25,113 00!

-!-



1-2

1-4

3-4

1-6

1-2

5-6

1-8

.3-8

5-8

7-8

1-10 I

3-10 !

1-2 I

7-10 I

9-10 I



$86,639 83

582 61

1.020 50

11.934 62

40.283 51

77,054 47

62 30

333 26

.^51 S«

.541 68

813 71

3.783 75

9.8n 90

13.3rW 30

22,601 70



Totals I 162,111. (M9I $508,878 97

I I



$269,238 OU



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.



I

I

I_

I

Gross H^ks written I

Le««» $251,850 risks cancelled, and!
$93,800 reinsurance In conipanlesi

authorized In Wisconsin I

I-

Net risks written I

1=

Gross premiums on risks written ...I

Less $1,171.03 return premiums; andl

$1,120.01 premiums for reinsurance!

in companies authorised In Wlscon]

sin I

I-
Net premiums received '

Losses paid (deductlnsr salvaare) . ,
Less losses on risks reinsured in com-t
panics authorized in WIsconostn ..I

I-
Net losses paid '

Tosses incurred '

Less losses on risks reinsured in com-'
panics authorized in Wisconsin ...I

Net losses incurred . , , I



Fire.



Tornado.



I



I

$1,026,750!

I

!

.330,560!



$33,950'

I

I

15.100*

1-



Total.
$1,060,700
345.650



$696,200!



$18,850!



$715,050



$8,801 421

I



I



2.231 99'



$143 38'

!



59 05



$8,944 SO



2.291 <M



$6.'5S9 431



$»4 .331



$6.«58 76




$2,441 .58



Digitized by



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PELICAN INS. CO.



707



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT. I

• Premiums. I

Total premiums I $284,514 14

Add unearned premiums Dee. 31 ofj
previous year 1 200,772 42|

Total I $545,286 56!

Deduct unearned premiums Dec. 31,1
end of tbe year I 269,238 09j

Premiums earned during the year . . . !



UNDERWRITING PROFIT AND
LOSS ITEMS.



Agents* balances and bills '

receivable not admitted '

Dec. 31. 1012 $1,2,T. 12'.

Agents* balances and bills '

receivable not admitted I

Dec. 31. end of the year 1,646 261.



$276,048 47



Loss from above



411 14



Underwriting Income earned during'
the year ! .



$275,637 33



LOSSES.



I



Losses paid ^ $148,715 39'.

Add salvage and reinsurance recover-! |

able December 31 of previous yearl 350 511.



$149,065 90).
24,600 Ool.



Total I

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

Balance ' $124,465 9ol .

Add unpaid losses Dec. 31, end of thel !

year ' 14,989 81'.

Losses incurred during the year ..



I

' I

UNDERWRITING EXPENSES. I I

Underwriting expenses paid during! I

the year I $114,551 601.

Deduct underwriting expenses unpaid' I

Dec. 31 of previous year ' 10,5<X) 00' .

Balance I $104,05160!.

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

Underwriting expenses incurred dur-I
Ing the year I .



$139,455 711.



11,750 00'.



115.801 60|



Underwriting losses and expenses
Gain from underwriting during the'



ywr



.1.



1=



255,257 31



$90,980 0«



Digitized by



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708



PELICAN INS. 00.



UNDERWRITING AND INVESTMENT EXHIBIT-Contlnued.



INVESTMENT EXHIBIT,
luterest and Rents.



I



Int«»rpst dWldenda and rents received

dnrinir the year I $27,394 64

Dednct Interest dividends and rentsl

doe and accrued Dec. 31, end of th>|

year ' 6.042 771

f

Balance I 120,751871

Add intpt^st. dWdends and rent** dnel

and accrued Dec. 31. end of thel

yea© ' 0,774 021



Total



I-



PROPIT ON INVESTMENTS. I

!
Onfn from Increase in book value ofl
ledger assets I .



iDTestment income earned during tbei
yeftr ...^



LOSS ON INVD8TMBNT8.



LnsH from docrease in book ralue
ledger assets *



J



INVESTMENT EXPENSES. I

!
Inyestment expenses paid during the!
year '.



Investment losses and expenses dur-l
ing the year '.



Gfltn from investments during
year



the'



1=



MISCBLLANEOrS EXHIBIT. '

I

I
to stockholders'



Dividends deolarrd
during the year '

Total gnlPR and losses in surplus'

dnHnif the venr '

fiurnlns IVc. 31. Ift12 ' S^iK.'WI Aff

Surplus Dec. 31, 1913 ' 202.185 55^

Increase in surplus during the year.

ToUls



.1.



I
$27,525 891.

!
!
I
!
890 001.
■ , , -t
I



I27.91S8D



I

I

$10,860 281.

I
I
1
I
815 59!.



I



11.671 84



fl«.»44 #5



Oatn in
Surplus.



T^fw In
Surplus.

$20.000 00



$S6.<M 07) fSO.MO M



l«.tS4 #7



99t.tM 07' fSi.CU #7



Per rent of los^aes Incurred *o nremlums earned .'iO..*»2.
P^r cent of underwHtlne expenses Incurred to premlnmR e«med 4l.ft£».
Per cent of Investment expenses Incurred to Interest and rentB earned 2-9fi,
Per cent of total looses and expenses Incurred and dividends declared l«
total income earned 94.52.



Digitized by



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PENNSYLVANIA PIRE INS. CO. 709

PENNSYLVANIA FIBE INSURANCE COBIPANY,

Philadelphia, Pa.

Home Office, 510 WALNUT STREET.

[Incorporated Marcb, 1825; commenced business April, 1825.]

President, R. DALE BENSON. Vice President, JOHN L. THOMSON.

Secretary, W. GARDNER CROWELL.

CAPITAL STOCK. .

Amount of capital paid up in casli $750,000 00

Amount of ledger assets December 31 of previous year $8,067,787 19

INCOME.

Fire.

Gross premiums 14.814,811 34

Deduct reinsurance premiums, fire, f 673,160.45; re-
insurance, Are, $897,088.19 1,370,248 64



Total premiums (otber than perpetual) $3,444,562 70

Deposit premiums written on perpetual risks ( gross) 165,556 47

Gross interest on mortgage loans, less $197.92 ac-
crued interest on mortgages acquired during the
yea r $9 , 274 92

Gross interest on collateral loans 11,598 14

Gross interest on bonds and dividends on stocks,
less $4,000.64 accrued Interest on bonds acquired
during the year 282,327 78

Gross interest on deposits in trust companies and
banks 4, 142 85

Gross interest from all other sources: Miscellaneous 45 35

Gross rents from company's property, including
$8,000 for company's occupancy of its own build-
ings 8,285 00



Total gross interest and rents 315, 674 04

Prom other sources : Transfers 289 00

Gross profit on sale or maturity of ledger assets: Bonds 8,977 47



Total Income $3,935,059 (



Total footings $12,002,846 87



DISBURSEMENTS.

Fire
Gross amount paid policyholders for losses (in-
cluding $314,718.25 occurring in previous years) $2,111,193 18

Deduct amount received for salvage, fire, $10,107.93;
reinsurance, fire, $182,066.88; discount, fire, $1,-
247.18 193,421 99

Net amount paid policyholders for losses $1 , 917, 771 19

Expenses of adjustment and settlement of losses 50.866 94

Commissions or brokerage 818,468 80

Salaries, $126,385.07, and expenses, $21,235.38, of special and gen-
eral agents . , 147,620 45



Digitized by



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710 PEJ^NSYliVANlA PIRE IKS. Cd.

Salaries, fees, and all other charges of officers, directors, trustees

and home office employes 74,397 30

Rents, including ^000 for company's occupancy of its own build-

£]iiivg ^ 22 d9d T2

Advertising, i7,650.93 ; printing and stationery, $19,710.37 ././..... . 27 ,'361 30

Postage, telegrams, telephone and express 22, 979 "28

Legal expenses 1,320 41

Furniture nnd fixtures 568 12

Maps, including corrections 7.Sy2 50

Underwriters' boards and tariflf associations 48, 108 98

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

taxes and expenses 2,496 99

Inspections and surveys 12,133 06

Repairs and expenses (other than taxes) on real estate ^12 61

Taxes on real estate 2,444 40

SvHif I .Ai'h t»ii p.i'uiiuins 73,236 42

Insurance department licenses and fees 16,545 91

All other licenses, fees and taxes :

Federal corporation tax $4,826 80

Capital stock 8,612 17

Municipal .* 6.250 70

19.689 82

Other disbursements : Miscellaneous 7.816 31

Deposit prem ums returned 36.406 24

Paid stockholders for interest or dividends 225,000 00

Agents' balances charged off 84 03

Total disbursements ' $3.537. 119 98

Balance $8,465,726 89



LEDGER ASSETS.

Book value of real estate $189,377 07

Mortgage Joans on real estate, first lens 181.500 00

Loans secured by pledge of bonds, stocks or other
collateral 475,384 12

Book value of bonds, $6,287,805.56, and stocks, $429,-
717.44 6, n7 ,523 00

Cash in company's office $1,094 12

Deposits in trust companies and banks on

interest 207,403 20

208,497 32

Agents' balances representing business written sub-
sequent to October 1, 1913 665,017 41

Agents' balances representing business written prior
to October 1, 1913 28.427 97



Total ledger assets $8,465,728 89

NON-LEDGER ASSETS.

Interest accrued on mortgages $2,415 83

Interest accrued on bonds 87,686 31

Interest accrued on collateral loans 5.698 84



Total 93.800 98

Other non-ledger assets : Perpetual reinsurance deposits 5, 400 UO



Gross assets $8,566,927 87

DEDUCT ASSETS NOT ADMITTED.

Agents' balances, representing business written prior

to October 1, 1913 $28,427 97

Book value of ledger assets over market value:

Market value 476,214 00

Real estote 50.377 07

Collateral 8,946 62

563,965 06

Total admitted assets $8,002,962 21



Digitized by LjOOQIC



l^fi^NSYLVANu pmB ms. CO. 711



LIABILITIES.

Gross losses adjusted, not yet due $29,657 53

Gross claims for tosses in process of adjustment or in
suspense, plus $5,000; reserve for losses incurred
prior to December 31 of which no notice had been
received on that date 309,152 48

Gross claims for losses resisted 23, 757 96

Total $362,767 07

Deduct reinsurance due or accrued 20,248 24

Net amount of unpaid losses and claims ?342*519 73

Gross premiums (less reinsurance) received and re-
ceivable upon all uuexplred fire risks, $4,504,370.43;
unearned premiums v2, 295,126 29

Gross premiums (less reinsurance) (cash and bills)
received and receivable upon all uuexplred Inland
navigation risks, $2,:i53,487.87 ; unearned premiums
(fifty per cent) 1.176,743 94

Total unearned premiums as computed above 3,471,870 23

Amount reclalmable by the Insured on perpetual fire insurance

policies 1 , 072 , 518 86

Estimated amount hereafter payable for federal, state and other

taxes based upon business of the year of this statement 40,000 00

Total amount of all liabilities except capital $4,926.908 82

Capital actually paid up In cash $750,000 00

Surplus over all liabilities 2.326,053 39

Surplus as regards policyholders , 3,076,053 39

Total liabilities $8,002,962 21



RISKS AND PREMIUMS.

Gross
premiums
Fire risks. thereon.

In force on the 31st day of Decomber, 1912 $729.543.7<'3 $7,361,026 50

Written or renewed during the year 485,085,712 4.814,811 34

Total $1,214,629,475 $12,175,837 84

Deduct those expired and marked o£F as terminated.. 443,759.118 4,504,114 53

In force at the end of the year $770,870,357 $7,671,723 31

Deduct amount reinsured 83,825.614 813. SCO 01



Net amount In force $687,044,743 $6.8.'57.85S 30

Perpetual risks not Included above, $47,238,901.00.
Deposit premiums on same. $1,191,687.62.



Digitized by



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V12



peKnsylvania pire ms. co.



RBCAPITULATiaN OF FIRE RISKS AND PREMIUMS.



Year
written.


Term.


Amount
' covered .


Gross

premiums

charged.

less re-

Inburance.


■11

III


Amount of

urvmium

unearned.


1913

1912


One year or leas....
Two years


1247.489.502

433.350

400.792

90.007.912

84,436.319

99,H40,16S

430,686

305.914

233,379

312.700

28. 400.. 393

29.824.013

33.007,671

34,001,618

32.753,431

5,166,895


$2,363,487 87

2.942 10

2,743 77

897,325 53

944,804 65

948,167 67

3,437 61

2,870 24

2,525 56

2,868 17

300,512 44

307.281 93

.350,266 06

366,950 64

336,427 96

35,246 10


U2

1-4

3-4

1-6

1-2

5^

1-8

3^

5-8

7-8

1-10

3-10

1-2

7-10

9-10

P. R.


$1,176,743 M
735 63


1913


Two years


2.067 83


1911

1912

1913

1910


Three years

Three yearrf ^

Three years

Four yearn


149,554 25

472.402 S3

790.139 73

429 70


1911


Four years


1.076 34


1912


Four years


1.578 47


1913


Four years


2.509 65


1909


Five years


30,061 24


1910

1911

1912

1913


Five years

F ve years

Five years

Five years

Over five years

Totals

Perpetual risks

Qrand totals ..


92.184 58
175,133 03
256.865 40
302.785 16

17.623 06




$687,044,743
-47.238,901


$6,857,858 30
1.191,687 62




$3,471,870 23
1.072.518 86


1


$734,283,644


$8,049,546 91




$4,544,380 00



BUSINESS IN THE STATE OP WISCONSIN DURING THE YEAR.



Fire.



I



Gross risks written i$10, 804,058 00|

Less $1,683,780 risks cancelled, and

$1,230,022 reinsurance in companies

authorized In Wisconsin



Net risks written.



2,913.802 00



Tornado. Total.

$730,469 00;$U.534.517 00
2.913,802 00



$7,800,256 00 $730,459 00



Gross premiums on risks written I $116,148 61

Less $12,821.02 return premiums; and|

912,480.78 premiums for reinsurance!

authorized in Wisconsin 25.301 80



$4,515 37



Net premiums received.



$90,846 81| $4,515 37



Losses paid (deductlngr salvage) j

Less losses on risks reinsured in com
nies authorized in Wisconsin



Net losses paid.




$8,620,715 00



$120,663 98
25.301 90



$96,362 18



$41,974 96



Losses Incurred !

Less losses on risks reinsured in com-
panies authorized in Wisconsin.



$2,166 23| $44,141 19



$50,824 26
6.813 05



Net losses incurred | $44.01121



$2,166 23



$2,166 23



$52,990 49
6.S13 06



$46,177 44



Digitized by



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PENNSYLVANIA PIRE INS. CO.



713



UNDBKWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.

Total premluma, 93,610,110.17, less $36,
406.24

Add unpaid return and reinsurance
premiums Dec. 31, 1912



Total



$3,573,712 93
35,000 00



Add unearned premiums Dec. 31, 1912,
and $966,874.31 reclaimable on per
petual Insurance



. $3,608,712 93



Total

Deduct unearned premiums Dec. 31,
1913, and $1,072,518.86 reclaimable on
perpetual insurance



Premiums earned during 1913.



UNDERWRITING PROFIT AND
LOSS ITEMS.

Ai^ents* balances and bills receivable
not admitted Dec. 31, 1912

AK^nts' balances and bills receivable
not admitted Dec. 31, 1913



Gain from above



4.353.121 04



$7,961,833 97
4.544,380 09



$3,417,444 88



Underwritiup income earned during
1913



$32,091 IH
28.427 97



/



4,563 21



LOSSES.



Losses paid

Deduct unpaid losses Dec. 31, 1912..



* Balance

Add unpaid losses Dec. 31, 1913.



Losses incurred during 1913.



$1,917,771 19
320.117 55



$1,597,653 64
342.519 73



$3,422,006 09



$1,940,173 37



UNDERWRITING EXPENSES.

Underwriting expenses paid during' '

1913 1 $1,330,703 3TI.

Doduct underwriting expenses unpaid! |

Dec. 31, 1912 \ 64.675 401.



Balance I $1,272,117 97 \

Add underwriting expenses -inpaldj

Dec. 31, 1913 f 4:K>.()00 00| \

Underwriting expenses incurred dur-I |

Ing 1913 1 ! 1,312,117 97'



Underwriting losses and expenses ( I I 3,252,201 34

Gain from yqderwriting during 1913..; I I $l69.7lff 75



Digitized by



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714



PENNSYLVANIA FIRE INS. CO.



UNDERWRITING AND INVESTMENT EXHIBIT-^Jontlnued.



INVESTMENT EXHIBIT.
Interest and Rents.

Interest, dividends and rents received
during the year

Deduct Interest, dividends and rents
accrued Dec. 31. 1912

Bfilance

Add interest, dividends and rents ac-
crued Dec. 31, 1913



Totol



PROFIT ON INVESTMENTS.

Gain from sale of ledsrer assets

Collaterals, $20.49, perpetual reinsur-
ances, $5,400



Profit on investments during 1913 . .
Investment income earned during 19131

LOSS ON INVESTMENTS.

Loss from change in difference be
tween book and market value dur
Ing 1913



INVESTMENT EXPENSES.

Investment expenses paid during 1913|

Investment losses and expenses dur
ing 1913 !



Gain from Investments during 1913



MISCELLANEOUS EXHIBIT.

Dividends declared to stockholders!
during 1913



Total gnins and losses in surplus dur-j

ing 0913

Surplus Dec. 31, 1912 ! $2,332,097 OO:

Surplus Dec. 31. 1913 [ 2,32C.0n3 09j

Decrease in surplus during 1913 . . .

Totals




0.64S 911.

.! $«25.ooo oor

I I



$2M,0(»W



Per cent of losses incurred to premiums earned. 56.77.
Per cent of underwriting expenses incurred to premiums earned. .3R..11.
Per cent of Investment expenses incurred to interest and rents earned. 6..V2.
Per cent of total losses and expenses Incurred and dividends declared to
total income earned, 100.19.



Digitized by



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PEOPLES NATION-VL FIRE JNS. CO. 715



PEOPLES NATIONAL FIRE INSURANCE COBIPANT,

Philadelphia, Pa.

Home Office, INSURANCE EXCHANGE, 3RD AND WALNUT STREETS.

(Incorpi^ruced April 29, 190S; commeueed business Jan. 2, 1909; admitted 1909.]

Preside-., E. C. STOKES.

Vice Presidents, P. B. BEATTS, J. HECTOR M'NEAL.

Secretary, H. T. ALLEY.

CAPITAL STOCK.

Amount of capi£al paid up in cash $1,000,000 00

Amount of ledger assets, December 31 of previous year $1,880,997 15

INCOME.

Fire.

Gross premiums $1,202,290 97

Deduct reinsurance premiums, fire, $188,9'>7.66 ; re-
turn premiums, fire, $228,306.10 417,263 76

Total premiums (other than perpetual) $785,627 21

Deposit premiums written ou perpetual rislcs (gross) 510 00

Gross interest on mortgage loans, less $2SJ)..^)0 ac-
crued interest on mortgages acquired during the

year $29,519 00

Gross interest on collateral loans 892 54

Gross interest on bonds and dividends ou stocks, less
$45.84 accrued interest on bonds acquired during

the year 47,974 01

Gross interest on deposits in trust companies and

banks 770 37

Gross Interest from all other sources :

Philadelphia Stock Exchange, $7(55.59; mortgage
loan not taken, $25.50; d'scouut prepayment
bonds, $89.37; certlOcate of deposit, $39.43; Cen-
tral Trust & Savings Co., settlement as fiscal
agents, $66.64; Philadelphia Underwriters' Asso-
ciation. $3.15 969 68

Gross rents from company's property, including
$5,000.00 for company's occupancy of its own
buildings 12.493 82

Total gross interest and rents 92,022 42

From all other sources:

Borrowed money $40,000 00

Gain on perpetual policies cancelled 97 94

40,097 94
Gross profit on sale or maturity of ledger assets:

Bonds $105 00

Stocks 1,043 75

1,148 75

Total Income $019,406 32

Total footings $2,800,408 47



Digitized by



GoogI(



716 PEOPLES NATIONAL PIRE INS. CO.



DISBURSEMENTS.

Pire.
GroM amount paid policyholders for losses (iDClud-

Ing 170,957.70 occurring In previous years) |«34, 192 02

Deduct amount received for salvage, Are, $2,049.98;

reinsurance, fire, $149,049.72; discount, fire, 497.95.. 151,597 65

Net amount paid policyholders for losses $4^,594 97

Expenses of adjustment and settlement of losses 12,760 27

Commissions or brokerage 237,383 82

Salaries, $4,400.45, and expenses, $3,843.43, of special and general

agents 8 , 243 88

Salaries, fees, and all other charges of officers, directors, trustees

and home office employes 48,856 85

Rents, including $5,000 for company's occupancy of its own build

• Ings 5,625 00

Advertising, $2,190.46: printing and stationery, $5,656.21 7,846 67

Postage, telegrams, telephone and express 4.218 77

Legal expenses 494 10

Pumiture and fixtures 767 86

Maps, inclnding corrections 1.772 87

Underwriters' boards and tariff associations 12.073 15

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

taxes and expenses 860 98

Inspections and surveys 915 23

Repairs and expenses (other than taxes) on real estate 7,890 10

Taxes on real estate 2.422 80

State taxes on premiums ~. 23.072 85

Insurance licenses, fees and taxes 12,398 97

Other disbursements:

Mortgage, $1,500; ground rent, $437.80 $1,937 80

Discount on advanced payment 200 00

Borrowed money returned, $40,000.00, and interest,

$5.S6.10 40,536 10

Bond premium, $510.74; mercantile agency, $653.00;
menlR to *»»>ii>loyes, $161.27; expense stockholders'

meetinsr, $.W.16 1,664 17

Audits, $292.00; safe deposit, $250.00; registering



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