Report online

Rtook. $«7..'W : HUbs'*r<nt1ous $90.00 699 50

Light and hent. $280.08: office supplies, $278.06;

moving furniture. $22.93 581 67

Appraisal of building, $30.00; signs, $70.85; publi-

catf onH. ??41 SO 342 15

Traveling, $2,486.35 ; sundries, $187.50 2,673 91

' 48,6S5 30

Deposit premiums returned 1,154 5**

Agents* balances charged off 83 67

Total disbursements $920.318 07

Balance $1 .880.085 40



LEDGER ASSETS.

Book value of real estate (less $106,704.16 incum-
brances) $72.399 10

Mortgage loans on real estate, first liens 530.597 50

Loans secured by pledge of bonds, stocks or other
collateral 5,600 00

Bonk value of bonds, $957,137.86, and stocks, $129,-
351.50 1,066,480 36

rash in company's office $12,718 07

Deposits <n trust companies and banks
not on Interest 78 74

Deposits In trust companies ind banks
on interest 69.087 72

81,884 53
Agents' balances reprepentlng business written sub-

seouent to October 1. 1913 101,095 19

Afirents' bfllnnces renresentlng business written prior

to October 1, 1913 y . . . 2,019 72

Total ledger assets $1,880,083 40

Digitized by LjOOQIC



taotLBS kAtlOkAL tTte t^B. CO. HI



NON-LBDGBR ASSETS. >

Interest accrued oq mortgages $7,192 80

Interest accrued on bonds 14»d06 01

Interest accrued on collateral loans 126 00



Total 21,923 81

Market Talue of real estate over book valoe 20,896 74

Other non-ledger assets St Lawrence Pulp and Lumber Co 1,750 00



Gross assets $1,924,656 95



DEDUCT ASSETS NOT ADMITTED.

Agents* balances, representing business written prior

to October 1, 1913 $2,019 72

Book value of ledger assets over market value 51,820 36

53,840 08

Total admitted assets $1,870,815 87



LIABILITIES.

.Qross losses adjusted and not yet due $10,235 51

Gross claims for losses in process of adjustment or
in suspense, plus $369.55; reserve for losses incur-
red prior to December 31 of which no notice had

been received on that date 36,322 29

Gross claims for losses resisted 10,099 00



ToUl $56,658 80

Deduct reinsurance due or accrued 15,555 57



Net amount of unpaid losses and claims $41,101 23

Gross premiums (less reinsurance) received and receivable upon

all unexpired fire risks, $1,09.3,015.78; unearned premiums 576,396 66

Amount reclaimable by the insured on perpetual fire insurance

policies, being 90 per cent of the. premium or deposit received 10,684 36

Interest due or accrued 2.250 00

Salaries, rentR, expenses, bills, accounts, fees, etc., due or accrued 250 00
Estimated amount hereafter payable for federal, state and other

taxes based upon business of the year of this statement 10,000 00



Total amount of all liabilities except capital $640,682 23

Cap'tal actually paid up in cash $1,000,000 00

Surplus over all liabilities 230.133 64



Surplus as regards policyholders 1,230,133 64



Total liabilities $1,870,815 87

RISKS AND PREMIUMS.

Gross
premiums
Fire risks, thereon.

In force on the Stst day of December, 1912 $149,237,486 $1,645,960 38

Written or renewed during the year 66,600,313 1,202,290 97

Excess of original premiums over amount received
for reinsurance 1.868 55

Total $215,887,799 $2.850.1ia 90

Deduct those expired and marked off us terminated. 76,503,883 1^22,767 19

In force at the end of the year $139,333,916 $1,527,355 71

Deduct amount reinsured 40.459.658 434,336 93



Net amount in force $98,874,258 $1,093,015 78

n same,

Google



Perpetual risks, not included above, $394,200. Deposit premiums on same,
$11,871.47.



Digitized by ^



718



PEOPLES NATIONAL FIRE INS. CO.



RECAPITULATION OP FIRE RISKS AND PREMIUMS.



Year
written.



Term.



Amount
covered.



1913.
1»12.
1913.
1911.
1912.



I One year or less....

Two years

Two years

Three years

Three years



1913 1 Three years

1910.
l&ll.
1912
1913.
1909.
1910.
19U.
1912



Four years
Four years ...

Four years

Four years ...
Five years ....
Five years ....

Five years

Five years

1913 Five years

Over fire years.



I Totals

I Perpetual risks



.



• I



Grand totals



Gross
premiums
charged.

less re-
insurance.



$37,442,746

195,566

.323.267

10,071,208

13,965,288

16,641,570

1.759,223

23,649

72,782,

62,975

920,274

5,357,361

3,331,979

4..*?45.732

3,588,710

771,9281



fa3



$424,664 36

3,141 53

4,206 10

117,101 28

141.886 96

177,337 75

15.861 19

315 42

1,454 11

873 97

8.266 28

.58.697 47

37.625 58

49.109 17|

47,462 591

5.022 02|



1-2

1-4

3-4

1-6

1-2

5-6

1-8

3-8

5-8

7-8

1-10

3-10

1-2

7-10

^10

P. R



$98,874,2581 ?1, 093, 015 78|.
394,2001 11,871 47|.



Amount of
preminm
unearned.



$90,268,4581 $1,104,887 25



♦212,327 18

785 88

3.154 56

19,516 88

70.943 48

147.781 45

1,982 65

118 29

908 81

764 72

826 63

17.609 25

18,812 79

31,376 44

42.716 34

3.771 80



$576,396 65
10.684 35



$587,081 00



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.

Gross risks written $1 ,574,830 00

Less $468,309 risks cancelled, and $48,917 reinsurance in com-
panies authorized in Wisconsiu 517,226 00

Net risks written $1,057,604 00

Gross premiums on risks written $17,964 16

Less $4,,190.21 return premiums; and $8^4.60 premiums for rein-
surance in companies authorized in Wisconsin 5.474 87

Net premiums received $12.489 29

Losses paid (dodutcing salva>?e) $6,608 86

Less losses on risks reinsured In companies authorised In Wis-
consin 1,658 16

Net losses paid $4,950 69

Losses incurred $6,211 39

Less losses on risks reinsured in companies authorized in Wis-
consin 1.454 33

Net losses incurred $4,757 06



Digitized by



GoogI(



PEOPLES NATIONAL FIRE iNS. CO.



719



UNDBBWUITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.



587,641 62



Total premiums le«s $1,154.50 | $784,382 71

Add unearned premiums Dec. 31 of
previous year, and $11,176.23 re-
claimable on perpetual insurance..

Total

Veduct' unearned premiums Dec. 31,
end of the year, anil $10,684.35 re-
claimable on perpetual insurance..

Premiums earned during the year...



$1,372,024 33]



587.081 00



$784,943 33



UNDERWRITING PROFIT AND

LOSS ITEMS. I

I

Gain from underwritlnf? income i

Loss from other underwrltlnj? dis-l
bursements



$97 1)41.



I



83 67



Gain from above )

Agents' balances and bills

receivable not Admitted I

Dec. 31, 1912 $2,199 9:^1

Agents' balances and bills |

receivable not admitted

Dec. 31, end of the year.. 2,019 721



Gain from above



$14 27



Gain from underwriting profit and
loss items



Underwriting income earned during
the year



LOSSES.



Losses paid

Deduct unpa'd losses December 31 of
previous year



180 21



$482,594 9
76,767 24



Balance I $405,527 73

Add unpaid losses December 31, end!
of the year t 41,101 23



Losses incurred during the year.



UNDERWRITING FXPENSES.



I



$381,142 75



Underwriting expenses paid during

the year ••

Deduct underwriting expenses unpaid

December 31 of previous year I — 10.000 00

Add underwriting expenses unpaidi I

December 31, end of the year I 10.000 001

Underwriting expenses Incurred dur-l

. ing the year I I

Underwriting losses and expenses.,

Loss from underwriting during the]
year



194 48



$446,928 96



381.142 75



$785,137 81



828.071 71



$43,988 90



Digitized by



GoogI(



^26



^EOPLeS kATIONAt FltlE INS. W.



UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



INVESTMENT EXHIBIT.
Interest and Keuts.



Interest, dividends and rents received!

during tlie year |

Deduct Interest, dividends and rentsj

due and accrued December 31, endj

of the year i

Balance | $71,798 48

Add Interest, dividends and rents duej
and accrued December 31, end of|
the year I 21.923 81



$92,622 42
20,823 94



Total

Deduct Interest and rents paid In
advance December 31, end of the
year



Interest and rents earned during; the
year



PROFIT ON INVESTMENTS.



Gain from sale of ledgrer assets.
Gain from other Investments



Profit on investments during the year

Investment Income earned during
the year



*93,722 29
250 00



$1,148 75
1,600 00



LOSS ON INVESTMENTS.
Loss from sale of ledger assets..



Loss from change in dlflference be-
tween book and market value dur-
ing the year



$2^7 46



48.433 43



Loss on investments during the yearl.



INVESTMENT EXPENSES.

Investment expenses paid during the
year

Add investment expenses unpaid De
cember 31, end of the year



I



Investment expenses incurred dur-
ing the year



Investment losses and expenses dur
ing the year



Gain from investments during the
year



$15,094 72
2.250 00



$93,472 29



2,648 75



$18,680 89



17.344 72



$36,121 04



-\



MISCELLANEOUS EXHIBIT. I

I
Total gains and losses in surplus dur-l

Ing the year (.

Surplus Dec. 31, 1012 1

Surplus Dec. 31, 1913 1

Decrease In surplus during the year.|.



$242,972 11
230.133 641



Totals



(



Gain in
Surplus.

$S0.095 48



1.025 61



$30,005 4S



Loss in
Surplus.

$42.8S9 M



18.888 47L



$42,933 901 $42,933 90



Per cent of losses incurred to premiums earned, 56.9.
Per cent of underwriting expenses Incurred to premiums earned, 48.5.
Per cent of investment expenses 'ncurred to interest and rents earned, 18.5
Per cent of total, losses and expenses incurred and dividends declared to total
Income earned, 101.4.



Digitized by



GoogI(



pfiOfiirat ms. co. 721

t'HOENIX IN8UBANCE COMPANY,

Hartford, Conn.

[ Incorporc^ted May, 1854. Commenced business June, 1864.]

Home office. 36 PEARL STREET.

President, EDWARD MILLIGAN. Vice President, GEORGE M. LOVEJOY.

Secretary, JOHN B. KNOX.

CAPITAL STOCK.

Amount of. capital paid up in cash J^, 000,000 00

Amount of .ledger assets December 31 of previous year $10,862,554 36

Increase of paid up capital duringr the year 1,000,000 00

Extended at $11,862,554 36

INCOME.

Fire.

Gross premiums $8,166,728 69

Deduct gross amount paid for reinsurance, fire.
$1,230,571.91; return premiums, fire. $1,136,529.04 .. 2,367,100 93

Total premiums (othtfr than perpetual) $5,790,627 74

Gross inieiesc on mortgage loans $2,019 95

Gross Interest on collateral loans 6, 840 08

Gross interest on bonds and dividends on stocks,

less $11,487.05 accrued interest on bonds acquired

during 1913 439,507 19

Gross Interftst on deposits In trust companies and

banks 19.289 13

Gro88 mieiest fr.m all other sourcen, on agents*

balances 413 15

Gross rents from company's property 14,367 49

Total gross Interest and rents 482,436 99

Credit reserxe fund sale siock 2,430 00

From sale rights Imperial Bank stock 4 34

From Franklin Trust Co.. previously charged off • 3,600 uo

From Amer can National bank, previously charged off 7,070 00

From agents' balances previously charged off 1,025 00

GiOSH pioht on sale or uiuturity of ledger assets:

Bonds $500 00

Stocks 74,722 70

75,222 70

Total $6,871,416 77

Total footings $18,233,971 13

DISBURSEMENTS.

Fire.

Gross atr>nunt paid policyholders for losses (Includ-
ing $411,340.40 occurring in previous years) $3,109,596 93

Deduct amount received for salvage. Are, $34,581.21;
reinsurance, fire, $511,860.28; discount, fire, $947.40.. 547.388 89

Net an^ount pad policyholders for losses $2,562 208 01

Expenses of adjustment and settlement of losses 35.378 91

CommI»»slon or brokerage 1.266.787 79

Salaries, $306,075.85, and expenses, $147,358.96, of special and gen-
eral agents and branch office employes 453,434 80

46— Ins.— I

Digitized by LjOOQK



722 I>H0ENIX INS. CO.

Salaries, fees, and all other charges of officers, directors, trus-
tees, and home office employes *. 181,817 00

Rents 33,1»5 57

Advertising, J|;6,tt58.24 ; printing and stationery, ^57.222.49 64,180 13

Postage, telegrams, telephone and express 43,129 54

Legal expenses 6,541 00

Furniture and fixtures. 23,450 39

Maps, including corrections 14,116 05

Underwriters' Boards and Tariff associations 77,464 66

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

taxes and expenses 17,129 90

Inspections and surveys 22,260 01

Repairs and expenses (other than taxes) on real estate 3,205 82

Taxes on real estate 2,908 95

State taxes on premiums 103.239 24

Insurance department licenses and fees 23,974 60

All other llceuHes, fees, and taxes: Municipal taxes and fees 26,063 87

Other disbursements : Federal corporation tax 6,635 77

Commonwealth bank, deposit charged to suspense account 25,000 00

Equitable securities company, charged to suspense account 675 00

Paid stockholders for interest or dividends, the

amount declared during the year $340,000 00

Paid stockholders' tax 55,598 42

395,508 42

Agents' balances charged off 218 13

Mortgage loan charged off 1,400 00

Gross loss on sale or maturity of ledger assets:

Bonds $1,245 00

Stocks 1,40000



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

Real estate $7,655 50

Stocks * 34



.645 00



t.659 84



Total disbursements $5,400,320 64

Balance $12,833,650 49



LEDGER ASSETS.

Book value of real estate $119,635 64

Mortgage loans on real estate, first Hens 33,100 00

Loans secured by pledge of bonds, stocks or other

collaterals 77,000 00

Book value of bonds, $6,468,718.85; and stocks, $4,323,-

636.13 : 10,792,354 98

Cash in company's office 7,544 08

Deposits In trust companies and banks not on Interest 53.163 40

Deposits In trust com pan es and banks on interest 597,791 43

Agents' balances representing business written sub-
sequent to October 1, 1013 1, 108,762 17

Agents' balances representing business written prior

to October 1, 1913. ^.208 79

Total ledger assets $12,833,630 49

NON-LEDGER ASSETS.

Interest accrued on mortgages $319 57

Interest accrued on bonds 96,785 33

Interest accrued on other assets, Tiank deposits 5,000 00

Rents accrued on company's property or lease 1,175 32

Total 103 , 280 22

Market value of real estate over book value 21,377 74

Market value of bonds and stocks over book value 21 ,377 74

Other non-ledger assets:
Foreign premiums in course of collection which

have not been carr'ed to ledger account, gross... $74,426 62
Less expenses and commissions 20,095 17

54,331 46

Oroai assets ...., 4 - $14,612,854 «7

Digitized by '^^j'l^v^'JlC



PHOENIX ma CO. ?23



DEDUCT ASSBTS NOT ADMITTED.

Afrents' balances, representing business written prior to October
1, 1913 44.298 79

Tota} admitted assets $14,568,055 88



LIABILITIES.

Gross losses adjusted, not yet due $140,858 73

Gross claims for losses in process of adjustment, or
In suspense, plus $42,704.53 reserved for losses In-
curred prior to December 31st, of which no notice
had been received on that date 582,399 82

Gross claims for losses resisted 18, 478 89

Total .' , $741,737 44

Deduct reinsurance due or accrued 163. 734 25

Net amount of unpaid losses and claims $578,003 19

Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired fire risks, running one
year or less from date of policy, includinv interest
premiums on perpetual fire risks, $3,442,466.95; un
earned premiums (fifty per cent)., $1,721,233 48

Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired fire risks, running more
than one year from date of policy, $7,370,056.^4;
unearned premiums (pro rata) 3,897,903 83

Total unearned premiums as computed above 5,619, 137 31

Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued 35,000 00
Estimated amount hereafter payable for federal, state, county and

municipal taxes due or accrued 165, 000 00

Commissions, brokerage and other charges due or to become due to

agents and brokers 10,000 00

Total amount of all liabilities except capital $6,407,140 50

Capital actually pa!d up in cash $3,000,000 00

Surplus over all liabilities 5,160,915 38

Surplus as regards policyholders ^ 8,160,915 38

Total liabilities $14,568,055 88



RISKS AND PREMIUMS.

Gross
premVumfl

In force on the 3l8t day of December. 1912 $1,078,409,184 $10,748,885 90

Written or renewed during the year 895,401,507 8,241,155 31

Excess of original premium over amount received

for reinsurance 500,733 32

Total $1,973,810,691 $19,490,774 53

Deduct those expired and marked off as termi-
nated 764.030,301 7.129,199 99

In force at the end of the year $1,209,780,390 $12,361,574 54

Deduct amount reinsured 142,334,215 1,549.050 75

Net amount In force $1,067,446,175 $10,812,523 79



Digitized by



GoogI(



m



t»HOEiJix li^. (x>.



IIECAPITULATION OF Pi RE RISKS AND PREMIUMS.



Year
written.



1913
1912
1913
11)11
1912
1913
1910,
1911,
1912
1913.
1909.
1910.
1911.
1912.
1913.



Term.



Amount
covered.



One year or less.

Two years

Two years

Three years

Three years

Throe years . . . .

Four years

Four years

Four years

Four years

Five years

Five years

Five years

Five years

Five years



Totals



$365,466,126

2,444,938

2,055.907

138,258,386

162,505,736

180,052.353

1,767,749

1,603.704

1,. 114, 9971

1.871,986

32,481,787

35:746,886

40,024,8061

44.838,851

49,521.963



Gross
.premiums
charged,
less re-
insurance.



=1
5e



^.442

24

33

1,401

1,594

1,775,

22

18

14.

20

407

439

507,

530,

579



466 95
.385 44
869 83
267 54
062 81
,685 41
692 32
,620 45
225 08,
553 97
617 65
4^ 90
3Y6 48
321 03
792 93



....|^1,067.446.175$10,812,523 79

I \



1-2

1-4

3-4

1-6

1-2

&-6

1-8

3-8

5-8

7-8

1-10

3-10

1-2

7-10

9-10



.Amount of
premium
uuearned.



$1,721

6

25

233

797

1,479

2,

6,

8.

17,

40,

131,

253.

371,

521.



.233 48

,006 36
402 37
544 50

,031 41
737 84

,836 54
982 67
9P3 18
9S4 73
761 77
845 77
688 24
224 72
813 64



$5,619,137 31



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.





Fire.


Tornado.


-5

Total.


Gross rislcs written


$19,777,460 00
4,283.477 00


$7,558 65
469 16


$20,533,325 OO
4.330.393 00


Less $3,056,166 risks cancelled, and
Ji;i,274,227 reinsured in companies au-
thorized in Wisconsin






Net risk written [


$15,493,983 00


$7,089 49


$16,202,932 00






Gross premiums received


$2(H,S79 07
31,649 92


$3,686 77
250 48


$208,565 84


Less $20,539.24 return premiums: and
and $11,361.16 premiums for reinsur-
ance in companies authorized in
Wisconsin


31,900 40






Net premiums received


$173,229 15


$3,436 29


$176,665 44


Losses paid (deductlnff salvage)

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


$48,178 41
7.490 15


$1,594 76


$49,773 17
7.490 15






Net losses naid


$40,688 26


$1,594 76


$42,283 02




Losses 'ncurred 1

Less losses on risks reinsured in com-f
panics authorized In Wisconsin (


$06,378 571
5,578 27


$1,607 76


$67,986 3S
5,578 27






Net lossiea incurred


$60,800 30|


$1,607 76


$62,408 06


I





Digitized by



GoogI(



PHOENIX INS. CO.
UNBRWRITINO AND INVESTMENT EXHIBIT.



725



UNDERWHITING EXHIBIT.
Premiums.



$5,759,627 74
1,966 8r>



Total premiumH

lucrease In net uucollected premiums

Total

Add unearueU. premiums December 31,
1912

Total |?10,777,551 861

Deduct unearned premiums December |

31, 1913 ! 5', 619, 137 .^1



$5,801,594 59
4.975,957 27!



Premiums earned durinj; 1913..' | $5,15S,414 55

I J

UNDERWRITING PROFIT AND
LOSS ITEMS.



Gain from at^ents* balances previously
charged off '

LosR from agents' balances charged |
off ;

Gain from above ]

Agents' balances and bills '

receivable not admitted !

December 31, 1912 JW>.S^1 .S7'

Agents' balances uiid Mils

receivable not admitted I

December 31, 1913 44.298 79* .



Loss from above f

Loss from under Meriting profit audi
loss items I .



$1,025 00

218 151



$806 85 .



34,406 92*.

I



,060 071



Underwriting income earned duringi
1913 '



$5,124,754 48



LOSSES.



Losses paid

Add salvage and reinsurance recover-
able December 31, 1912



$2,562,208 04!
9.909 571.



ToUl ! $2,572,207 61'.

Deduct unpaid losses December 31,1 '

1912 ' 485.001 .^4 .

I !

Balance | $2,087,206 27].

Add unpaid losses December 31, 19131 .'.78,00.3 191.



Losses Incurred during 1913 ' I $2,665,209 46;.

I t I

UNDERWRITING EXPENSES. I i i

I ' I

Underwrting expenses paid duringi i |

191 3 [ $2 , 379 , 599 301 » .

Deduct underwriting expenses unpaid! I !

December 31, 1912 i 190.000 00' I.

I 1



r.'ibnue $2

A»^d undernrJtlujf expeuses nnpuid:



189, 51K) 30'



Dec. 31, 1913



210.000 00 .



Undenvriting expenses incurred dur-| I 1

lug 1913 ' ! 2.-399.599 301.



T'nderwrlting losses and expenses ' ' 5.064,808 76

Gain from underwriting during 1913. .' 1 1 $59,945 78

DiyiLizeu uy "v_j vJv^St l\^



726



PHOENIX INS. CO.



UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



INVESTMENT EXHIBIT.

Interest and Kents. j

Interest, dividends and rents received)

during the year |

Deduct interest, dividends and rents

accrued December 31, 1912 (

I-

Balance 1

Add interest, dividends and rents ac-|

crued December 31, 1013 |

i-



$182,436 991.
97,162 01



$385,274 98
103,280 22



Total



PROFIT ON INVESTMENTS.



Gain from sale of ledger assets

Gain from change in diflference be-
tween book and market value dur-
ing 1913

Gain from other Investments

Increase value real estate over book
value



1



$75,222 70



819,636 27
13,104 34



7,655 50



Profit on investments during 1913. ...|.



Investment income earned during 1913|.

I

LOSS ON INVESTMENTS.



Loss from sale of ledger assets

Loss from decerase in book value of

ledger assets

Loss from other Investments



Loss on investments during 1913.



INVESTMENT EXPENSES. I

Investment expenses paid during 1913

Investment losses and expenses dur-
ing 1013



Gain from investments during 1913.



$1,245 00

9,059 84
27,075 00



$488,555 20



I



915,618 81



$37,379 84



$1,404,174 01



t



18 681 12



56.C60 96



MISCELLANEOUS EXHIBIT.



Dividends declarecl to stookholdersj
during 1913, and tax on capital I.



1
Total gains and losses in surplus dur-j

ing 1913 I.

Surplus December 31, 1912 j $I.1.V>.090 80

Surplus December 31, 1013 1 5.160,915 38

Increase in surplus during 1913



Gain in
Surplus.



$1,400,068 77



Loss In
Surplus.

$402,234 19



$1,006,824 68



$1,065,824 68




Per cent of losses incurred to premiums earned, 51.6.
Per cent of underwriting expenses incurred to premiums earned, 46.5.
Per cent of investment expenses incurred to Interest and rents earned. 0.38.
Per cent of total losses and expenses incurred and dividends declared to total
income earned, 83.7.



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PITTSBURGH FIRE INS. CO. 727



PITTSBURGH FIBE INSURANCE COMPANY,

Pittsburgh, Pa.

Home Office, 1808-9-10-11 COMMONWEALTH BLDG., 316 FOURTH AVE.
[iDoorporated February 10, 1S51; conimeuced busness May, 1851; admitted 1899.]
President, R. J. WILSON.^ Vice President, D. C SHAW.

CAPITAL STOCK.
Amount of capital stock pnld up In cash $200,000 00



Amount of lodger assets, December 31 of previous year $544,895 40



INCOME.

Fire.

Oross premiums $273, 189 51

Deduct reinsurance premiums, lire, $21,915.07; re-
turn premiums, fire, $57,835.55 79,750 C2

Total premiums (other than perpetual) $193,438.^9

Gross interest on morlgaj,^e loans $20,529 83

Gross Interest on collateral lonns 279 00

Gross Interest on bonds and dividends on stocks,

acquired during the year -* 255 70

Gross Interest on deposits in trust companies ond

banks a 245 78

Gross interest from all other si^urres: Interest

on deferred Interest payments 26 65

Gross rents from company's property 4,642 88

Total gross Interest and rents 25,979 H4

Total Income $219,418 73

Total footings $764,314 13



DISBURSEMENTS.

Gross amount pa'd policyholders for lor^ses (in-
cluding $21,017.55 occurring in previous years).. $135,292 57

Deduct amount received for salvafire. fire. .'51.046.08:
reinsurance, fire, $9,664.16 10,710 24

Net amount paid policyholders for losses Jf. 124, 582 33

Expenses of adjustment and settlement of losses 2.794 91

Commissions or brokerage 53.775 66

Salar'es. $7,386.95, and expenses. $5,560.94 of special and general

agents 12.947 89



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728 PITTSBURGH FIRE INS. CO.