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Deposits in trust companies and banks

not on interest SO.Or.l 96



89,406 52

Agents* balances representing business written sub-
sequent to October 1, 1913 338,772 84

Agents balances representing business written prior

to October 1, 1913 2.271 97

Bills receivable, taken for fire risks 27.315 47

Other ledger assets:
Cash deposited with Philadelphia Underwriters

Association 100 00

Due from reinsuring companies on losses paid.. 3,579 49



Total ledger assets $411 ..T4S ei



Digitized by



GoogI(



SECURITY INS. CO. 765



NON LKDGKU ASSETS.

Interest accrued on mortgages ^4 . 26» 90

Interest accrued on bonds 37,203 10

Interest accrued on collateral loans 312 13

Total 41,87r» 11)

Market value of real estate over book value 10,931 75

Gross asrtc.s $l,171,15o 50



DEDUCT ASSETS NOT ADMITTED.

Aleuts balances representing business written prior

to October 1, 1913 ?2.271 97

Bill receivable, past due, taken for niarlue, inland
and fire risks 2, 772 (W

Book value of ledger assets over market value.... 61,474 82

0G.519 44
Total admitted assets $4,104,036 11



LIABILITIES.

Gross losses adjusted and unpaid ^, 170 05

Gross claims for losses In process of adjustment or
in suspense, plus $9,041.50; reserve for losses in-
curred prior to December 31 of which no notice had
been received on that d ite 141 .l.'jO 97

Gross claims for losses resisted 33,331 41

Total $230.653 03

Deduct reinsurance due or accrued 52,726 77

Net amount of un|>ald losses and claims $177,920 20

Gross premiums (less reinsurance) received and receivable upon all

unexpired lire risks, $:i..S97.iM)0..50 ; uncariie<l premlnm.s 2,0*^,790 93

Salar!es, rents, expenses, bills, accounts, fees, etc., <lue or accrued.. 2,412 92

Estimated amount hereafter payable for federal, state and other

taxes based upon business of the year of this statement 35,000 00

Total amount of all liabilities except capital $2,302,130 11

CapiUI actually paid up In cash $1,000,000 00

Surplus over all liabilities 802.506 00

Surplus as regards policyholders 1,802,506 00

Total liabilities $4,104,636 11



UlSKS AND PUEMIUMS.

Gross
premiums
Fire risks. thereon.

In force, December .31, 1912 $419,653.6.30 $4,469,965 05

Written or renewed during the year 321,421,519 3,476,648 18

Excess of original premiums over amount received
for reinsurance 10, 116 47

Totals $741,075,149 $7,956,729 70

Deduct those expired and marked oCf as terminated.. 269,933.927 3,128.028^

In force at the end of year 1913 $471,141,222 $4,828,701 10

Deduct amount reinsured 86.734.317 931.094 60

Net amooDt In force December 31, 1913 $3^4.406,90 5 13.807.606 50

Digitized by LjOOQK



766



SECURITY INS. CO.



RECAPITULATION OP FIRE RISKS AND PREMIUMS.



Yftar
written.



1013.
1912.
1913.
1911.
1912.
1913.
1910.
1911.
1912.
1913.
1909.
1910.
1911.
1912.
1913.



Term.



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



Gross
A».^.,»f premlunas

Amount chanred

covered. 7el^'?-

insurance.



I-



$88,094,121

771,17,-1

989.024

R6. .380. 027

08.707.801

78,832.12!»l

289.201

450,340

283,772

200,589

12.270,915

13.899.932

10,985,009

20.502.410

24.987,734



Totals I $384,400,905



$932.

5,

8,

504,

017.

OO.'),

2,

4,

3.

2.

140.

170,

201,

250,

290,



3.30 46
790 07
101 70
078 20
3M 55
S97 74
489 09
020 48
442 04
798 51
500 50
577 04
707 88
204 45
933 94



$3,897,000 50






1-2

1-4

3-4

1-0

1-2

5-0

1-8

3-8

5-8

7-8

1-10

3-10

1-2

7-10

9-10



I



Amount of
premium
unearned.



$496.
1,
0,

84,
308,
579,

1,

2,

2,

14.

51,

100.

175.

261,



168 23

447 66
121 27
113 04
673 27
914 73
311 21
732 6S
151 27

448 69
666 06
173 28
8.53 94
185 00
840 52



$2,086,790 93



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.



1



Fire.



Tornado. I Total.
I



I

I I I

Gross rislcH written ! $8,449,000 00! $803,937 OOi $0,253,897 00

Less $1,852,281.00 risks ctmct^llod. nnd| I

$117,307.00 reinsurance in coinpaniesl |

authorized in Wisconsin I 1 ,7.^S,8U 001

1 1-

Net risks written ' ^0.711.140 (



230.774 001 1.909,588 00



Gross premiums on risks writ ton I

Less $17,031.83 return preniiums; nnd|
$1,275.38 premiums for reinsurancoj
in companies authorized in Wiseon-!
sin f



! oof

==1=

$98,212 871

(

I

f

10,073 32!



$573,163 00! $7.284. 300 00
$"1,092 37! $162,905 24



I
1.033 89



18.307 21



Net premiums reccive<l ' $81 .539 55!

Lossc^s paid (dcduct'nir Halvntfc) | $3.*l,304 17!

Less losses on r'sks reinsured in com-| I

panics authorized in Wisconsin ' 1,100 901.

Net losses paid " I $.12,143 2ll

Lo8.ses incurred i $34,2.'>0 001

Less losses on risks reinsured in com -I I

panics authorized in Wisconsin 1 .<C»0 .S3I.

I tI-

Net losses incurred ' $33,399 231

I I



$3 .058 48 1 $84,598 03
"$1,301 291 ^77C65 46



1,160 96



$1,301 20! $33,506 50



$1,371 291



$35,021 35
850 83



$1,371 291 $34,770 52



I



Digitized by



GoogI(



SECURITY INS. CO.



767



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.

I*rt'UiiuniH. I

ToUl premiams i ;{;.>, 1 19, S.'^I 87

Add UDearaed premiums Dec. 31 of|
previous year I 1,951.»30 U9



Total I $4,071,188

Deduct unearned premiums Dec. 31, |
end of the year I 2,086.790 93



Premiumfi earned durinfc the'
year I.



I



.1 ?1, 084. 397 931.



UNDERWRITING PROFIT AND I
LOSS ITEMS. i

Gain from aarents' balances previously)
charired off , 1

Loss fi^om agents* balances charged |
off !

Gain from above |

Agents' balances and bills

receivable not admitted

Dec. 31. 1912 $5,010 34|.

AgentK* balances and bills I

receivable not admitted f

Dec. 31 5.044 021 .

Loss from above , . (



$754 551.

I

074 291



-I
$80 261.

I



Gain from underwriting profit andl
loss items I .



I



34 2S!.

1

I
f



I

I

45 981.



Underwriting income earned durlngi | |

the year i i i cj 9.SJ.413 91

I I J

LOSSES. I I !

I ' '

Losses paid I $1,117,701 471 '

Deduct unpaid Ioskcs December ;]l of
previous year ' 1N8.523 94

I

Balance I

Add unpaid losses l>eceuiber ,ni, end'
of the* year I



$929,237 5.11.

I



I-



177. 920 20!,

-I



Losses incurred during the year ' ' $1,107,163 70'.

I I I



r'NDKRWRITING EXPENSES..



Underwriting expenses paid during*

the year ?

Detiuct underwriting ex|M»nses unpuidi

I)€»oeinber 31 of previous jear '

I-

Balance I

Add underwriting exrienses unpnidi
December 31, end of the year I

Underwriting expenses incurred dur-l
Ing the year '.



1 1

$888,323 2S' 1


1 I
.17.819 31' '


1 1


$850,503 97( '


1 1
37.412 921 '



I

I

887,910 89'.
-I



Underwriting losses and expenses....' 1 1 1,095.080 68

tioss from nnderwritltig duiiug the
ypat I — 4.... *....(



110. 6S« 11

Digitized by



GoogI(



768



SECURITY JNS. CO.



UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



I



INVESTMENT EXHIBIT.
Interest and Rents.

Interest, dividends and rents re<*elved
during the year

Deduct Interest, dividends and rents
due and accrued December 31, end
of the year



Balance |

Add interest, dividends and rents duel
and accrued December 81, end of I
the year I



] ?173,777 O*^!.

I
38,987 791.



*134,7S!) 231.
41.875 191.



Total



.1.



PROFIT ON INVESTMENTS.
Gain from sale of ledger assets. . . .



Investment Income earned during the!
year ' .



$170,661 41



3,815 021,



$ia3.4«0 04



LOSS ON INVESTMENTS.



I
$1,038 751.



Loss from sale of ledger assets |

Loss from change In difTercnce be-|

tween book and market value dur-j

Ing the year t

Loss on investments during the year.. I i $187,231 291.



I I

I I

130,192 541 ».



INVESTMENT EXPENSES. 1

I

Investment expenses paid during the!

year 1 .


1

1


26.322 00






1"
1
!.




I

Investment losses and expenses dur-!

intr the vear '.




103.503 96




1
1
?






Gain from investments during the!
year ' .


[ yi^.tM m




,






r

MISCELLANEOrS EXHIBIT. '

!

Dividends declared to stockholders!


1

1
1

1

f


Gain in
Surplus.


Lofis In
Surplas.

$100,000 00




t






Total gnins and losses In surplus dur-
inir tb** vep** '..


I

1


$1<.M6 Ml


$110. «M TI


Surplus Dec. 31. 1912 1

RnrnlUR Dac 31 1913 1


$'io«.21fl «RI.
S02.506 00'.

1
















1.


'M.710 m




!-
1






Totals ' •


«ll«.tM 71


$110.«3« Ty


!


f





T*t^r cent of losses 'n/mrred to oremMims e»nied. S!i.H.
Per cent of underwriting exoenses incurred to nremioms earned. 44.7.
T>pr cent nf lnvp«»tmpnt exf>*»nnes Innnrred to biterowt and rents e«m^. U.S.
Per cent of tot«i losses and expenses incurred and divldeii^s cJeclarM to total
Income earned, 104.3.



Digitized by



GoogI(



SPRINGFIELD FIRE & MARINE INS. CO. 769

8PBIN0FIELD FIRE & lOARINE INSURANCE COMPANY,

Springfield, Mass.

Homo Offlto, 1D5 STATE STREET.

Ilucorporated 1S40: couiiiii'uctMl husiiieHs ISjI; admitted lbol.\

President, A. >V. I>AMu.\. Vl<< Prcsldtiit. O. E. UALAiiAK.

hV.ntaiy, F. IJ. WILLIAMS.

CAPITAL STOCK.

Amount of capitul paid up in cash $2,500,000 00

Amount of lodgor assets, I>o<-emler 31 of previous year 9lO..'il9.754 11



INCOME.

Fire.

<;ross premiums $8,279,448 !.'»

Deduct reinsurance premiums, ttre. $1,288,073.21 ; re-
turn premiums, fire, $1,248,257.10 2.5:M5.330 31

Total premiums (other than perpetual) $'»,743,117 84

Oross Interest on mortga#?e loans $82, 118 91

Gross Interest on bonds and dividends on stocks,
less $1,260.00 accruetl Interest on bonds actjuired
during the year 333,388 70

Gross 'nterest on deposits In trust c<im panics and *

banks 10,514 72

CSr ss rents from «*ompiiny's property. in<*ludlu>r
.<.l8ono00 for company's occupancy ot Its own
buildings 18,000 00

Total gross Interest and rents 444.022 23

From other sources:

Refund of taxes on Massachusetts bsink stock 10,451 37

Increase in liabilities during the year on account of reinsurance

treaties 2,280 a**

From aire*»ts' babinr-es Drnvbuislv **'inreed oft 2 45

Gross profit on sale or maturity of ledger assets : Stocks 18.893 00

Total income '^$'), 218.767 04

Total footlntrs $17,038,521 15



DISUrUSE.MENTS.

Fire.
Grosi ai^ount paid policyliohler'* for losses (Indud'ng

$436,472.11 occurring in previous years) .<:J. 710.917 (Mi

Deduct amount received for salvage, fire. ?.23.8.37.50 ;

reinsurance, fire, $700,129.20; discount, fire, $98.90 . 724.005 06

Net amount paid policyholders for losses $2,902,851 10

Kxpensea of adlustment and settlement of losses t8. 160 12

rommissions or brokerage 1.100.274 46

MiAwances to io"»»l aqrenfle** for m'»<''*»n'"»**^us aeencv ♦*xi)onsos ... 22.702 6i
ftalaries. $194,822.29. and expenses, $1.34.276.14. of sperlal and general

ogentfl ........;. 329. oos 43

49— Ins.— I ^ J

Digitized by VjOOQK



770 SPRINGFIELD FIRE & MARINE INS. CO.

Salarlen. fees, ami all otlier charges of <)fflft?r>?, tUre^torg. trustees

and borne office employes ^32,514 75

Rents, including $18,000 for company's occupancy of its own build-
ings 35,386 76

Advertising, $24,217.71); printing and stationery. $15,387.71 79.6(»5 50

Postage, telegrams, telephone and express 28.340 87

Legal expenses 8.916 38

Fnrniture and fixtures 7.288 91

Maps, including corrections 17, 705 99

Underwriters' boards and tariff as.soclations 57,078 38

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

taxes and expenses 31 , 795 -lO

Inspections and surveys 39.270 49

Repairs and expenses (other than taxes) on real estate 5.946 71

Taxes on real estate , 4, 795 30

State taxes on premiums 100.450 23

Insurance department licenses and fees 26,300 63

All other licenses, fees and taxes:

Federal corporation tax $3,374 53

Massachusetts franchise tax 10,451 37

bounty and municipal taxes 18, 219 81



32,045 77



Other dlsbnrsements :

Interest paid Munich Reln8nran<'p Co. per contract $10,22S 47

Premiums on bonds, fire and TaMIlty policies .... 776 10

Mercantile reports, directories and magazines 2.040 05

Light and heat 3,633 43

Laundry, toilet, etc 1,806 93

Auditing and exchange 2,252 61

Lunch system, entertaining, etc 1 , 628 60

Sundry items 1 ,721 58



24,0ST 83

Transferred from surplus to capital account, by stock dividend
July, 1918 500.000 00

Pa*d stockholders for interest or dividends 200.000 00

Agents' balances charged off 2, 897 01

Gross loss on sale or maturity of ledger assets:

Bonds $500 00

Stocks 1,496 75



1,996 75
Gross decrease, by adjustment, in book value of ledger assets:
Stocks 17,913 OO



Total disbursements $6,047,558 81



Balance $10 .900.962 34



LEDGER ASSETS.

Book value of real estate $300,000 00

Mortgage loans on real estate, first lienM 1,994,970 00

Book value of bonds, $860,173.44, and 8to< ks, $5,901,-

187.88 6,761.361 .32

Cash in company's office $1,210 61

Deposits in trust companies and banks

not on interest 68,589 52

Deposits in trust companies and banks on

interest 556.571 43



826.371 56
Agents' balances reprepent^ng business written snb-

seonent to Oetober 1, 19i3 1 , 001 , 056 80

Agents* balances represent'ng business written prior

to October 1, 1913 17.202 66



Total ledger assets $10 900. 965 34



Digitized by



GoogI(



SPRINGFIELD FIRE & MARINE INS. CO. 7tl



NON-LEDGER ASSETS.

Interest accrued on mortguges $46,637 57

Interest accrued on bonds 14,374 95

Total 61,012 52

Gross assets $11,051,974 80



DEDUCT ASSETS NOT ADMITTED.

Afirents' balances, representing business written prior

to October 1, 1013 $17,202 00

Book \«iluc of ledger assets over murljct value 90,809 32

108,071 98

Total admitted, assets $10,943,902 88



LIABILITIES.

Gross losses adjusted and not yet due $95,440 59

Gross claims for losses in process of adjustment or
in •*M«peii^e, plus .^27.3-55.87; resorve for losses in-
curred prior to December 31 of which no notice
had been received on that date 472,829 72

Gross claims for losses ressted 50,892 49

Total $619,162 80

Deduct reinsurance due or accrued 136,138 17

Net amount of unpaid losses and claims $183,024 63

Gross premiums (less reinsurance) received and receivable upon all

un»»Tn1r*»d fire risks, ^10,070,731.22; unearned premiums 5,286.834 SO

Interest due or accrued 5, 167 25

Salar'es, rents, expenses, bills, accouuts, fees, etc., due or accrued.. 15,000 00
Estimated amount hereafter 'pa.vable for federal, state and other

taxes based upon business of the year of this statement 50.000 00

Commissions, contingent or other charges due or accrued 13.000 00

Funds held under reinsurance treaties 259,502 34

Total amount of all liabilities except capital $6,112,529 02

Captal actually paid up in cash $2,500,000 00

Surplus over all liabilities 2.331,373 80

Surplus as regards policyholders 4,831.378 86

Total liabilities $10,943,902 88



RISKS AND PREMIUMS.

Gross
premiumR
Fire risks. thereon.

In force on the 3l8t day of Decoml «r, 1912 $964,762,334- $10,811,221 02

Written or renewed durlug the ye :r 747.307.942 8,279,448 15

Total $1,712,070,276 $19,000,669 77

Deduct those expired and marked off as terminated 656.025.617 7,500.249 85

In force at the end of the year $1,057,044,659 $11.5<M).419 92

I>educt amount reinsured 140.812,980 1,519.688 70

Net amount In force $916,231 ,679 $10,070,731 22

== — ===TTe

uiyiLizfcJU uy 'V-j \^y v_/pt IV^



772



SPRINGFIELD PIRE & MARINE INS. CO.



KECAPITULATION OF FlUE UISKB AND PREMIUMS.









Gross


-1




Year
written.


IVrm.


Amount
covered.


premiums
charged.
lesH re-
insurance.


Is


Amount cif
i>remium
unearned.


1913


One year or less ...


$282,451,903


$3,475,410 99| 1-2


$1,737,705 50


1912


Two years


3,278,«S92


30,152 31


1-4


7.538 06


1913


Two years


3,269,318


32.471 14


3-4


1 24,353 36


1911


Three years


115,601.082


1.165,186 07


1-6


194,197 78


1912


Tliree years


138,396,511


1,350,774 46


1-2


675,387 23


1913


Three sears


157,500,733


1,553,891 27


5-6


1.294.909 39


1910


Four years


806,654


8,884 44


1-8


1,110 55


1911 1


Four years


1.640,710


19,843 78


3-8


7,441 41


1912


Four years


1.267,321


12,648 60 5-8


7.900 37


1913.


Four years


1,800.918


19,118 56 IS


16.728 74


1909 1 Five years


31.431.aH4


371,731 74 1-10


37,173 17


1910.;....!


Five years


35,516,319


414,796 78 :t-10


124.439 03


1911 1 Five years


41,454,000


474.850 13 1-2


237,425 07


1912 1 Five years


46,192.748


531,982 95 7-10


372.388 06


1913 '


Five years .........


55,464,387


607,926 14 9-10


547,133 53




Over five years

Totals


158,400


1,061 26 P. R.


998 53


1


1916, 231, 6791$10, 070, 731 221


$5,286,834 80



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.



I

I

$1,633.6911

I

I

151,0651

-!-



1 Fire. f Tornado. I

i

I I

Gross risk"* written I $17,374,4041

Less $4,100,169 risks cancelled, audi 1

$1,500,135 reinsurance in companies! '

authorized in Wisconsin I 5,449,239;

I 1_

Net risks written t $11.925.1651

<»ross nremiunis on risks written ...I $167,5X3 25'

LeK«i A*^2 -V»K,.'»2 return nreuiUims: and* '

?8,39a38 premiums for reinsurance! '

in companies authorized in Wis-' '

cousin ' 30.2W 99'

! :-

Net premiums received I $137, 288 261

!== 1=

Losses paid (deducting? salvage) 1 $43,573 111

Less losses on risk** reinsured 'n com-' '

panics authorized in Wisconsin 1 116 84'.

Net losses paid ! $43,456 271

' — - 1=

Losses incurred I $59,866 45'

Less Josses on Hsk** rei«»HMred 'n com! f

panics authorized In Wisconsin 1 116 841.

Net losses incurred I $59,749 61!



Total.
$19,008,095
6,600,304



$1,482.6261 $13,407,791



S9.523 731 $177,106 98



I

I

653 911

-I-



30,948 90



$8,869 821 $146,158 08



$500 231 $44,082 34
! 116 84*



$509 231 $43,965 50



$509 23! $60,375 68



(



-!-



116 84



$509 231 $60,258 84



I



Digitized by



GoogI(



SPRINGFIELD PIRE & MARINE INS. CO.



773



UNDERWRITING AND INVESTMENT EXHIBIT-



UNDERWRITING EXHIBIT.

Premiums. j 1

Total premiums t $5,743,117 84|.

Add unearned premiums Dec. ni, 1912| 5,001,291 22'.

-I



Total mo,744,400 06

Deduct unearned premiums Dec. 31,1
1913 1 5.286.834 80



Premiums earned during 1913.



I-



UNDBRWRITING PROFIT AND
LOSS ITEMS.

Gain from agents* balances previously
charged oflf

Loss from agents' balances charged
off ,



$5,457,574 26



Loss from above

Agents' balances and bills
, receivable not admitted

Dec. 31. 1912 $7,008 15

Agents' balances and bills

receivable not admitted

Dec. , SI, 1913 17.202 66,



1

$2 451.

I

2.897 04



$2,894 59



Loss from above



Loss from underwriting profit and
loss items



Underwriting income earned during
1913



LOSSES.



Losses paid

Deduct unpaid losses Dec. 31, 1912..



Balance

Add unpaid los.ses Dec. 31, 1913.



10,194 5l|



I

I

13,089 101.



$2,092,851 40
469.233 77



$2,623,617 63
483.024 63



Losses incurred during 1913



UNDERWRITING EXPENSES.

Underwriting expenses paid during
1913

Deduct underwriting expenses unpaid
Dec. 31, 1912



Balance

Add underwriting expenses unpaid
Dec. 31, 1913



$5,444,4^ 16



I



$3,000,642 26|.



$2,289,408 651
58,000 00



$2,231,408 65
78,000 00



Underwriting expenses incurred dur-l
ing 1913 !.



2.309,408 I



Underwriting losses and expenses ...f | I 5,316.050 91

I I I •

Gain from underwriting during 1913.. I I I $128,484 25



Digitized by



GoogI(



774



SPRINGFIELD FIRE A MARINE iKS. CO.



UNDERWRITING AND INVESTMENT EX HI niT— Continued.



INVESTMENT EXHIBIT.
Interest and Rents.

Interest, dividends and rents received
during the year

Deduct interest, dividends and rent*<l
due and accrued Dec. 31, 1912 '

Balance I

Add interest, dividends and rents due|
and accrued Dec. 31. 1913 t



$133,793 86

47.718 :>2i.



$386,045 64|
55.845 27



Total



PROFIT ON INVESTMENTS.
Gain from sale of ledger assets . . .



• 1.



$441,890 91!.



(

I

18.893 001 .



Investment income earned during 1013' I I... I $460,783 ©1



!



LOSS ON INVESTMENTS.



Loss from sale of ledger assets I

Loss from decrease in boolc value ofj

ledger assets I

Loss from change in difference be-
tween boolc and market value dur-
ing 1913



Loss on investments during 1913.



INVESTMENT EXPENSES.

Investment expenses paid during 1913

Investment losses and expenses dur-
ing 1913



$1,996 76
17,913 00

782,176 13



$802,065 88'.



21^812 131.



Loss from investments during 1913.
MISCELLANEOUS EXIHBIT.



Dividends declared lt> stockholders!
during 1913 !.



823.808 01
$8«S,114 !•



Gain in
Surplus.



I I-

Total gains and losses in surplusj |

during the year ' i

Surplus Dec. 31. 1912 ! $3,266,063 711.

Surplus Dec. 31, 1913 ' 2.331,373 86!.

Decrease In surplus during 1013 ! |



Loss in
Surplus.

$700,000 00



$128,434 251 $1.063, U4 !•



I
934.679 851.



Totals ' I $1,068,114 16 $1,66S,1U !•



Per cent of losses incurred to premiums earned 55.09.
Per cent of underwriting expenses incurred to premiums earned 42.31.
Per cent of investment expenses incurred to interest and ren s earned 4.93.
Per cent of total losses and expenses incurred and dividends declared to
total income earned 107.36.



Digitized by



GoogI(



STANDARD FIRE INS. CO. 775



STANDARD FIRE INSURANCE COMPANlT,

Hartford, Conn.

Home Offl.Mf, 18 ASYLUxM ST.

llucorporated July G, 1005; commenced business March 26, 1910; admitted

July 27, 1910.}

President, M. L. HEWES. Secretary, H. B. ANTHONY.

CAPITAL STOCK.
Amount of capital paid up in cash 9500.COO 00



Amount of ledger assets, Deceni' or .11 of previous year |1, 201,580 46



INCOME.

Fire.

Gross premiums $832,409 13

Deduct reinsuarnce premiums, tire, $146,743.19, re-
turn piemiums, tire, ^102,730.28 309,474 27

Total premiums (other than perpetual) $542,934 86

Gross interest on bonds and dlvdends on stocks,
less $1,291.70 accrued Interest on bonds acquired
during the year $42,507 79

Gross Interest on deposits in trust companies and
banks 974 65

Total gross interest and rents 43,4^ 44

Gross profit on sale or maturity of ledger assets : Bonds 494 12

Total Income $586,911 42

Total footings $1,788,491 88



DISBURSEMENTS.

Gro3s amount paid policyholdors for losses (Includ-
ing V'-8.7.1S.80 oecurrinar In previous yeiir.s) $234,979 91

Deduct amount received for salvage, fire, $2,810.09;
reinsurance, fire, $61,407.03 61,217 78

Net amount paid policyholders for. losses $230,762 18

Expenses of adjustment and settlement of losses 6,536 56

Commissions or brokerage less $36,559.75 reinsurance comm's-

slons 117.013 49

Allowances to local agencies for miscellaneous agency expenses.. 3,340 12
Salaries, $21,428.85, and expenses, $18,793.98, of special and gen-
eral agents 40,222 83

Salaries, fees, and all other charges of officers, directors, trus-
tees and home office employes 20,302 89



Digitized by LjOOQIC



116 staKdard pire iKb. CO.



Itentfl

Advertisiug, ^l.lCO.aS; priutiuj; and stationery, ;t;6,490.48

Postage, telesrraniH, telephone and express

Legal expenses

Fumitare and fixtures

Maps, including correct.ous.

Underwriters' boards and tarllT assoclatlc/'js

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

taxes and expenses

Inspections and surveys

Htate taxes on premiums

Insurance department licenses and lees

All other licenses, fees and taxes : Federal corporation tax

Oiher disbursements:

Capital stocic tax |6,500 00

Safe deposit box 50 00



;.583 80


V.6(S185


5.185 45


604 47


1,063 fi2


2,880 20


4,836 25


1,736 76


5,560 a


2.2^ 03


5,287 50


45 25



6.550 00
Paid stockholders for interest or dividends 40,000 00



Total disbursements $520,562 40



Balance $1,267,929 39



LKDGER ASSETS.

Hook vnlue of bonds, 11.039,240.22, and stocks,
^4)1,254.00 ,.. $1,130,503 22

(.*ash in company's office. .'. ^914 51



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