Report online

10. Total unearned premiums 1,652,146 €2

18. Estimated amount hereafter payable for taxes 41,000 00

12-17,19-25. All other liabilities 14.mS 34

26. Total amount of all liabilities except capital $1,830..S40 20

27. Statutory deposit 200,000 00

28. Surplus over all liabilities 976,882 49

30. Total liabilities $8,018^722 09

UNDERWRITING EXHIBIT.

9. Premiums earned during the year $1,718,598 03

16. Loss from underwriting profit and loss items 3.074 01

17. rnderwrlting income earned during the year $1,715,524 02

26. Losses Incurred during the year $919,985 90

33. rnderwrlting expenses in<-urred during the year 738,^44 84

34. Underwriting losses and expenses $1,658,830 74

35. Loss from underwrttlnff durtnjir the year $56,698 26

invp:stment exhibit.

43. Interest and rents earned during the year $102,646 31

50. Investment income earned during the year $102,646 31

56. Loss on Investments during tlie year..' $83,820 46

63. Investment expenses Incurred during the year 2.874 79

64. Investment losses and expenses during the year $86,695 25

65. Gain from Investments during the year $15^961 06

MISCELLANEOUS EXHIBIT.

74. Net gain from items GO 73. dividends, etc $1^3,107 90

78. Increase In surplus during the year $235,752 24

RISKS AND PREMIUMS.

8, 9. In force, total risks covered $3ll.,325,851 CO

8, 9. In forte, total gross premiums charged, less reinsurance... 3,195,668 13
60— Ins.— I.



Digitized by LjOOQIC



^46 ^ftfitok ^utk iKstmAKOte oOMi^AinEis.



PALATINE INSURANCE COMPANY

U. S. Office, 65 John St., New York City.

(Incorporated Aug. 1900; commenced business In U. S. Jan. 1901; admitted 1901.)

U. S. Manager, A. H. Wray.

1. Statutory deposit $200,000 00

2. Amount of ledger assets, Dec. 31, of previous year 3,320,739 33

INCOME.

7. Total premiums (other than perpetual) $1 , 767 , 860 71

17. Total gross Interest and rents 121 ,868 W

18-25. From other sources 8,096 35

26. Gross profit on sale or maturity of ledger assets 576 30

28. Total Income fl,8e8,4«S 85

20. Total footiiigs .* 96,225^142 68

DISBURSEMENTS.

3. Net amount paid policyholders for losses $960,^16 80

4. Expenses of adjustment and settlement of losses 29,478 19

5. Commissions or brokerage ^ 451,149 26

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

tees and home office employes 81.022 30

1^-22 Taxes ••.......'•... .... .. .. 51 456 *'4

6. 7,' 9-18, 23-32, 35^?! ' Other* disbursements .".'.*!.".!.*!!!.'!*..'!!!!!.*! 293 .'442 C6
38, 39. Gross loss on sale or maturity of ledger assets 310 14

40. Gross decrease by adjustment in book value of ledger assets.. 5,913 50

41. Total dUbursements fl ,873,619 09

42. Balance fS,8Sl«52J 09

LEDGER ASSETS.

4. Bonds, $2,416,464.17; stocks, $350,630.20 $2,767,094 37

5-7. Cash 261,15005

8-9. Agents' balances 323,279 17

16. Total ledger assets $3,351^523 09

17-29. Total non-ledger assets 33.280 00

31-40. Deduct assets not admitted 185,180 61

41. Total admitted assetfi $3,199,628 08

LIABILITIES.

6. Net amount of unpaid losses and claims $167,119 00

10. Total unearned premiums 1,789,069 42

la Estimated amount hereafter payable for taxes 36.161 45

12-17,19-25. All other liabilities 9,113 00

26. Tot4il amount of all liabilities except capital $2,001,462 87

27. Statutory deposit 200,00000

28. Surplus over all liabilities 998, 160 21

80. Total UabUltles $3,199,628 08

UNDERWRITING EXHIBIT.
9. Premiums earned during the year $1,752,866 65

16. Loss from underwriting profit and loss items 817 43

17. Underwriting income earned during the year $1,752,049 22

26. Losses incurred during the year $979,241 66

33. Underwriting expenses incurred during the year 715,064 98

34. Underwriting losses and expenses $1,694,306 64

35. Loss from underwriting during the year $67,742 68

INVESTMENT EXHIBIT.

43. Interest and rents earned during the year $123,418 66

49. Profit on Investments during the year 576 30

50. Investment Income earned during the year $123,994 96

rtQ. Loss on Investments during the year $82,682 60

63 Investment expenses Incurred during the year 4,303 48

04. Investment losses and expenses during the year $86,986 08

66. Gain from Investments during the year $87,008 88

MISCELLANEOUS EXHIBIT.

74. Net loss from items 66-73, dividends, etc $136, 176 60

78. Decrease In surplus during the year $41 ,425 14

RISKS AND PREMIUMS.

8. 9. In force, total risks covered $309,1W,637 00

8, 9. In force, total gross premiums charged, less reinsurance... 3,431,954 50



Digitized by LjOOQIC



i^fifilQii ^Bk iKSURAirdE CbMt»AKI£^. 94t



PHENDC PIRE INBURANCB COMPANY

U. S. Office, 17 Cu»tom House St., Providence, R. I.

(incorporated Sept. 1819; commenced business in U. S. Feb. 1911; admitted

June 1911.)

tJ. S. Manager, Starkweather •& Shepley.

1. Statutory deposit $200,000 00

2. Amount of ledger assets, Dec. dl, of previous year 618,413 66

IKCOME.

7. Total premiums (other than pet-pettlal) $271 ,194 10

17. Total gross interest and rents i 22.419 60

28. Total income $2dS ,61S 70

29. Total footings $912,027 86

DISBURSEMENTS

8. Net amount paid policyholders for losses $119 , 384 72

4. Expenses of adjustment and settlement of losses 2,042 67

5. Commissions or brokerage 87,361 04

8. Salaries, fees and all other charges of officers, directors, trus-
tees and home office employes 194 99

19-22. Taxes 7,814 72

0, 7, 9-18, 23-32, 35-37. Other disbursements 65.485 92

41. Total disbnrsements $282, 294 06

42. Balance $628, 748 80

LEDGER ASSETS.

4. Bonds $511 ,050 00

5-7. Cash 55,440 57

8-9. Agents' balances 63,152 73

12. All other ledger assets •. . . 100 00

16. Total ledger a^ets $629. 748 80

17-29. Total non-ledger assets 6,416 66

31-40. Deduct assets not admitted 8,550 00

41. Total adnUtted asseto $627.609 96

LIABILITIES

6. Net amount of unpaid losses and claims $26. 772 04

10. Total unearned premiums 194 , 114 68

18. Estimated amount hereafter payable for taxes 5,00000

12-17,19-25. All other liabilities 68,542 04

26. Total amount of all liabilities except capital $292,428 76

27. Statutory deposit 200,000 00

28. Surplus over all liabilities 133,181 20

80. Total liabiUtles $627,609 86

UNDERWRITING EXHIBIT

ft. Premiums earned during the year $202,326 91

17. Underwriting Income earned during the year $202,328 91

26. Losses incurred during the year $127,018 60

33. Underwriting expenses Incurred during the year 102.317 74

34. Underwriting losses and expenses $229,336 43

85. r.o»g from underwHtIng during the year $27,009 52

INVESTMENT EXHIBIT.

43. Interest and rents earned during the year $22,020 22

50. Investment Income earned during the year $22,020 22

56. Loss on Investments during the year $6,550 00

63. Investment expenses Incurred during the year 657 53

64. Investment losses and expenses during the year $7,207 63

65. Gain from Cnvestments during the year $14,812 60

MISCELLANEOUS EXHIBIT.

74. Net loss from Items 66-73, dividends, etc $60,000 00

78. Decreuse In surplus during the year $72,196 83

RISKS AND PREMIUMS.

8,9. In force, total risks covered $38,658.456 00

8, 9. In force, total gross premiums charged, less reinsurance.... 345,766 87



Digitized by



GoogI(



948 FOREIGN PIRE INStJRAKCE COMPANIES.

PHOENIX ASSURANCE COMPANY, LTD.

U. S. Office, 100 William St., New York City.

(Incorporated Jan. 1782; commenced business In U. S. 1879; admitted 1880.)

U. S. Managers, L. P. Bayard and P. Beresford.

* 1. Statutory deposit .' ... $200, 000 00

2. Amount of ledger assets, Dec. 31, of previous year 3,843,718 03

INCOME.

7. Total premiums (other than perpetual) ^,418,820 86

17. Total gross Interest and rents 129,371 92

18-25. From other sources 2l,3lM 38

27. Qro.ss Increase by adjustment In book value of ledger assets.. 5.350 00

28. Total income $2,574 ,»S7 16

29. Total footlnirs f6, 418, 655 19

DISBURSEMENTS.

3. Net amount paid policyholders for losses $1 , 244 . 338 80

4. Expenses of adjustment and settlem<*nt of losses 43,277 78

5. Commissions or brokerage 436.492 66

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

tees and home office employes 148,457 tS

6. 7, 9-18, 23-32, 35-37, Other disbursements 412.490 98

34. Remitted to home office 80,840 80

38, 39. Gross loss on sale or maturity of ledger assets 448 67

40. Gross decrease by adjustment in book value of ledger assets.. 100,005 00

41. Total disbursements $2 ,537 , 163 11

42. Balance $3,881^492 68

LEDGER ASSETS.

4. Bonds, $2,997,900.00; stocks, $3,080.00 $3,000,986 00

5^7. Cash 324,914 82

8-9. Agents' balances 539.574 07

12. All other ledger assets 16,017 14

16. Total ledger assets $3,881 ,492 08

17-29. Total non-ledger assets 44 ,787 10

31-40. Deduct assets not admitted 35,313 39

41. Total admitted assets $3^890,965 79

LIABILITIES.

6. Net amount of unpaid losses and claims $191,506 62

10. Total unearned premiums 2,145,23.'i 67

18. Estimated amount herenfter payable for taxes 44,250 00

12 17, 19-25. All other liabilities 13,500 00

26. Total amount of all liabilities except capital $2,402,492 29

27. Statutory deposit 200,000 00

28. Surplus over all liabilities 1,288,473 50

30. Total llabllltle« $3,890,965 79

I'NDERWRITING EXHIBIT.

9. Premiums earned during the year $2,347,749 96

16. Loss from underwriting profit and loss Items 15, 105 92

17. Underwriting Income earned during the year $2,332,614 04

26, Losses Incurred during the year $1,237,071 50

3:3. rnderwrlting expenses incurred during the year 1,038,311 05

34. Underwriting losses and expenses t2. 275. 382 55

S6. Gain from underwriting during the year $57^261 49

INVESTMENT EXHIBIT.

43. Interest and rents earned during the year $131 ,469 92

49. Profit on Investments during the year 5,350 00

50. Investment huome earned during the year $136,846 92

56. Loss on Investments during the year $100,005 00

63. Investment expenses Incurred during the year 3.751 88

64. Investment losses and expenses during the year $103,756 88

65. Gain from InvestmentH during the year $33^090 04

MISCELLANEOUS EXHIBIT.

74. Net loss from Items 62-73, dividends, etc $60,399 99

78. Increase in surplus during the year $29,951 55

RISKS AND PREMIUMS

8, 9. In force, total risks covered $419,442,089 00

8 9. In force, total gross premiums charged, less reinsurance.... 4,040,098 97



Digitized by LjOOQIC



FOREIGN FIRE INSURANCE COMPANIES. 949



PRUSSIAN NATIONAL INSURANCE COMPANY

U. S. Office, 175 Jackson Blvd., Chicago, III.

(Incorporated 1845; commenced business In U. S. 1891; admitted 1892,)

T'. S. Mflnnj?er, Harold W. Letton.

1. Statutory depof*lt $200,000 00

2. Amount of ledper assets. Dec. 31, of previous year 2,034,411 79

INCOME

7. Total premiums (other than perpetual) $1,10.1.070 07

17. Totfll Rross 'nterest and rents 648.912 ?6

18-2.">. From other sources 477 94

2«. Total in-^ome $1 ,169 .889 27

29. Total footlnsH fS ,208 ,7^1 0«

DISBURSEMENTS

3. Net amount paid policyholders for losses $58.1.640 61

4. Kxpen.ses of adjustment and settlement of losses 18.187 ro

.'». ronimissions or hrokerngp 221 .646 31

8. Salaries, fees and "11 other charges of officers, directors, trus-

tees and home office emploves TiSiA2'l 90

10 22. Taxes .18.n.V^ r6

6. 7. 0-18. 23 .12, 3r>-.17. Ot her disbursements 11 4 . 000 27

34. Remitted to home office 51.174 61

.18, .10. Gross loss on snle or maturity of ledger assets 254 15

40. Gro.ss decrease by adjustment In book value of ledger assets.. 4.6^7 10

41. Total dinbursementH «l ,086.779 10

42. Balance $2,116,971 £6

LKDGKR ASSETS

4. B»nds $1,684,700 .'0

5 7. rash 1.12.819 04

S-O. Agents' balances 299.443 33

16. Total ledger aMsets $2,116,971 96

1720. Total non-ledger assets 16.3.S0 17

31-40. Deduct assets not admitted 121,764 f9

41. Total admitted ansetH $2,011,987 14



LIABILITIES

6. Net amount of unpaid claims $101. .'•SI 18

Total unearned premiums 1,202,413.12

17.10-25. All other liflMUties 31.000 ro

Total amount of all liabilities except capital $1.. Ml. 247 50

Statutory deposit 200.000 CO

Surplus over all liabilities 476. 3r0 P4

Total liabllltteH $2 .01 1 ,587 14



I'NDERVVRITING EXHIBIT

0. Premiums enrncd during the year $1 . OS.') . .197 r2

16. Loss from underwritiuff profit and loss items 3.213 29

26. Lossp.K incurred during the year $175,002 17

.13. Tnderwriting expensos incurred during the year 4'>1,177 ."9

34. rnderwrltlng lo.sses nnd exnenscs $1,026.179 86

35. Ga!n from underwriting during the year $56,00; 87

INVESTMENT EXHIBIT

43. Interest and rents earned during the year $W.201 26

50. Investment inronie earned during the year $66,201 26

•Vr. Loss o:i investments during the year JIM'S. 82i 10

6t. Investment lo.sses and expenses during the year $15,822 10

65. Cjatn from Investment!! during the .vear $30,469 16

MISrELLANEOrS EXHIBIT

74. Net loss from items 66 73, dividends, etc $')1.1T4 fil

78. Incrense in surplus during the year $ti5.29S 42

RISKS AND PREMirMS

8. 0. In force, total risks eoverecl $2'?8 622.414 00

s. 9. In (one. total gross premiums charged, less reinsurance.,., 5.2^0,38-t 0^



Digitized by



GoogI(



950 FOREIGN FIRE INSURANCE COMPANIES.



ROYAL EXCHANGE ASSURANCE COMPANY

V. S. Office, 92 William St, New York City.

(Incorporated June, 1720; commenced business in U. S. 1891; admitted 1897.)

U. S. Manager, R. D. Harvey.

1. Statutory deposit $200,000 00

2. Amount of ledger assets, Dec. 31, of previous year 2,869,679 63

INCOME

7. Total premiums (other than perpetual) $1,956,852 42

17. Total gross interest and rents 96,974 51

18-25. From other sources 450.8.30 35

82. Total Income f2,6<M ,657 S8

29. Total footings «6,874,3S« 91

DISBURSEMENTS

3. Net amount paid policyholders for losses $1,103,551 12

4. Expenses of adjustment and settlement of losses 26,609 17

5. Commissions or brokerage 427,005 49

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

tees and home office employes 87,814 29

19-22. Taxes 62.164 06

6. 7, 9-18, 23-.32, 35-37. Other disbursements 198.460 27

M. Remitted to home office 379,166 05

41. Totol dlabarsements $2,264,860 44

42. Balance $3,069,476 47

LEDGER ASSETS.

4. Bonds, $2,503,851.76; stocks, $50,000.00 $2,553,851 76

5-7. Cash 224,235 80

8-9. Agents' balances 311,388 91

16. Total ledffer asiiets $3,069,476 47

17-29. Total non-ledger assets 32.59135

31 40. Deduct assets not admitted 234,072 20

41. Total admitted assets $2,887,996 62

LIABILITIES

6. Net amount of unpaid losses and claims $168,896 01

10. Total unearned premiums 1,614,838 97

la Estimated amount hereafter payable for taxes 40.000 00

12-17, 19-25. All other liabilities 17.743 84

28. Total amount of all liabilities except capital $1,841,478 82

27. Statutory deposit 200.000 00

28. Surplus over all liabilities 846,516 80

80. Total liabilities $2,887,996 62

UNDERWRITING EXHIBIT

9. Premiums earned during the year $1,893,777 64

16. Loss from underwriting profit and loss items 2,259 39

17. TTnderwrlting Income earned during the year $1,891,518 25

26. Losses incurred during the year $1 ,039.237 83

33. irnderwritlng expenses Incurred during the year 810,175 14

34. Underwriting losses and expenses $1,849,412 97

35. • Gain from underwritinjc during the year $42,106 28

INVESTMENT EXHIBIT

43. Interest and rents earned during the year $101,139 00

.'•0. Investment income earned during the year $101 , 139 00

56. Loss on investments during the year $72,105 00

63. Investment expenses incurred during the year 3,020 44

64. Investment losses and expenses during the year $75,125 44

65. Gain from Investments during the year $26,018 56

MISCELLANEOUS EXHIBIT

74. Net gain from items 66-73, dividends, etc $71 ,629 90

78. Increase in surplus during the year $139,748 74

RISKS AND PREMIUMS

8, 9. In force, total risks covered $286,154,942 00

8, 9. In force, total gross premiums charged, less reinsurapce.. S{, 823, 430 1?



Digitized by LjOOQIC



FOREIGN FIRE INSURANCE COMPANIES. 951



ROYAIi INSURANCE COMPANY

U. S. Office, 84 William St., New York City.

(Incorporated May, 1845; commenced business In U. S. 1857; admitted 1869.)

U. S. Manager, Edward Fitch Beddall.

1. Statutory deposit $200,000 00

2. Amount of ledger assets, Dec. 31, of previous year 12,280,578 53

INCOME

7. Total premiums (other than perpetual) $8,235,045 92

8. Deposit premiums written on perpetual risks (gross) .70

17. Total gross interest and rents 667,337 36

18-25. From other sources 808, 289 46

27. Gross increase by adjustment In book value of ledger assets.. 30.798 80

iS. Total income $9 .742 ,372 «»

29. Total footings $22 ,022,950 76

DISBURRKMENTS
.3. Net amount paid policyholders for losses $4,317,627 63

4. Expenses of adjustment and settlement of losses 112.832 66

5. Commissions or brokerage 1 ,550,36j 60

8. Salaries, fees and all other charges of officers, dlre<'tor8, trus-

tees and home office employes 629,455 23

19-22. Taxes 255,913 OS

6. 7. 9 18, 23~.32, .3.V37. Other disbursements 1 .043 , 229 34

^X Deposit premiums returned 4.926 78

.34. Uemitted to home office 1,177,085 04

38, ,39. (Jross loss on sale or maturity of ledger assets 2,086 F3

40. Gross decrease by adjustment in book value of ledger assets.. 29,045 73

41. Total di§buraements $9 .123 ,467 92

42. Balance $12 , 8B9 , 482 84

LEDGER ASSETS.

1. Real estate $4,348,500 00

2. Mortgage loans 251 , 100 00

4. Bonds, $6,085,200.00 ; stocks, $220,585.43 6,305.7a'> 43

5 7. Cash 702,061 77

8^9. Agents' balances 1,292,035 64

16. Total ledger afiaets $12,899,482 84

17-29. Total non -ledger assets 99,254 09

31-40. Deduct assets not admitted 393,433 69

41. Total admitted assets $12,599,803 24

LIABILITIES
6. .Net amount of unpaid losses and claims $545,518 39

10. Total unearned premiums... 8,327,101 C9

11. Amount reclalmable by the Insured on perpetual fire insurance

policies 84.095 21

18. Estimated amount hereafter payable for taxes 206.4.58 91

12 17, 19-^25. All other liabilities 51 .337 09

26. Total amount of all liabilities except capital $9,. 302. 120 35

27. Statutory deposit 200,000 00

28. Surplus over all liabilities 3,097,182 89

80. Total Uabinties $i2,599,:iOS 24

UNDERWRITING EXHIBIT

9. Premiums earned during the year $8,210,914 CO

10. Loss from underwriting profit and loss Items 12,224 .57

17. ruderwrlting Income earned during the year $8,198.6S'J ri2

26. Losses Incurred during the year $4,232,887 91

.3.3. T'liderwrlting expenses Incurred during the year 3,321 ,4lf> 10

.34, Underwriting losses and expenses $7.. 554, 307 01

35. Gain from underwritina: during the year $644,382 61

INVESTMENT EXHIBIT

4.3. Interest and rents earned during the year $383,034 €6

40. Profit on Investments during the year 30,798 ^0

50. Investment Income earned during the year $713.^.33 46

.56. Loss on Investments during the year $215,703 13

63. Investment expenses Incurred during the year 266.369 97

64. Investment losses and expenses during the year $512,073 20

65. Ciatn from investments during the year $201 ,760 26

MISCKLLANEOT'S EXHIBIT

74. Net loss from Items 60 7.3, dividends, etc $46S.80j 58

78. Iucrea.se in surplus during the year ^'377,337 19

RISKS AND PREMIUMS

8, 9. In force, total risks covered $1 , 5.%S . 404 , 001 00

8, 9. In force, total gross premiums charged, less reinsurance 15,504,150 23



Digitized by



GoogI(



952 FOREIGN FIRE INSURANCE COMPANIES.

SCOTTISH UNION Ss NATIONAL INSURANCE COMPANY

r. S. Offlop, 75 Elm St.. Hartford, Conn.

(Incorporated 1824: romraencod business In V. S. 1880; admitted 1880.)

V. S. Manager, Jqmes H. Brewster.

1. Statutory denos't ' $200,000 00

2. Amount of ledger assets, Dec. 31, of previous year 5.56^,446 57

INCOME
T. Total nremiums (other than nerpetual) $2.2fi^.2i« 04

17. Totnl irros<4 Interest and rents 2^7.181 2fi

18-25. From other sources 89.20<i 17

?ft. Gross nroflt on sale or maturity of ledjfcr assets 100 00

W. Total ln*«oine « .5»1 .«7« ^«

2». Total footings f8 .161 .319 OS

DISBT'RSEMRNTS
X Net amount paid policyholders f'*r losses $l,C6'l.9'3 72

4. Expenses of ad.lustment and settlement of losses 2,'?.fl.30 «>4

5. Tonimission or brokerairo 489,407 90

8. Salaries, fees and "11 other charjfes of officers, directors, trus-
tees and home office employes lO^.lJK 21

10-22. Taxes 66.01.120

6. 7. 9-18. 23-32. 35-.37. Other disbursements 270.603 70

31. RemUted to home office 12.801 ?o

3«. 30 Oro<!s loss on sal'^ or maturity of ledcrer as^iets 3. .120 04

40. Gross decrpapp hy adjustment in book value of ledger assets.. 15.5'il P5

41. Totiil dtHbnrnementii «2 .0K«.J»!»7 JW

42. Balance W.1W.9S1 47

LEDGER ASSETS.

1. Real estate J2'i0.56t 10

2. Mortaraee lo»in« 1^^5.900 00

4. Bonds, $4.822,008.12 : stocks, $50,206.25 4 .872,304 .3'

5-7. Cash .346.401 59

8-9. Asrents' balances 477.721 41

1«. Tot«l ledger MnHn $6,10«.9«1 47

17-29. Total non-ledper assets.. 88.1.'t6 ^2

31-40. Deduct as.sets not admitted 236,680 63

41. Total admitted assets $5,954 .418 26

LIABILITIES

6. Net amount of unpaid losses and claims $181,579 00

10. Totnl unearned premhims 2.281 .917 74

18. Estimated amount bo»'enftor payable for taxes .30.000 00

1? 17. 19-25. All other liabilities 38.706 ^0

?«. Total amount of all liabilities except capital $2.5.32.2^ 14

27. Statutory deposit 200.000 00

28. Surplus over nil liabilities 3.222.225 12

80. Total liabilities $5,954 ,448 26

rXDERVVRITING EXHIBIT.

0. Premiums earned during the year $2,116,194 04

16. Loss from uuderwritinp profit and loss items 4.696 05

17. I'nderwritinflr income earned during the year $2,111,497 99

26. Losses incurred durinc the year $1,090,112 ^2

33. T'nderwritlnpr expenses Incurred during the year 0,37.534 5<5

.34. I'nderwritinff losses and exnenses $2,027.647 50

85. Gain from underwrltlnir durlnir the year $83,850 49

INVESTMENT EXHIBIT

4.3. Interest and rents earned during; the year $250,626 52

49. Profit on investments dnrlnfi: the .venr 100 ro

50, Investment income earned during the year $250.72'^ 52

.56. Loss on investments during thp year $202. .391 51

63. Investment expenses incurred during the year 25.216 .37

64. Investment losses and expenses during the year $227,607 88

65. Gain from investments during: the year $23^118 84

MISCELLANEOT S EXHIBIT

74. Net srain from items 66-73, dividends, etc $47,790 47

78. Increase in surplus during the year $154,759 €0

RISKS AND PREMIUMS .

8, 9. In force, total risks covered $464,100,820 00

8, 0. In force, total gross premiums charged, less reinsurance... 4,346,688 65.



uiyiLizuu uy ^^^j'k^'k^



FOREIGN FIRE INSURANCE COMPANIES. 953



STATE ASSURANCE COMPANY, LTD.

U. S. Office, 75 Elm St., Hartford, Conn.

(Incorporated April, 1891; commenced business in U. S.1897; admitted 1899.)

U. S. Manager, James H. Brewester.

1. Statutory deposit $200,000 00

2. Amount of ledger assets, Dec. 31, of previous year 510,627 84

INCOME.

7. Total premiums (other than perpetual) $137,915 89

17. Total gross interest and rents 17,909 13

18-25. From other sources 101 ,821 b2

«8. Total income $260,646 84

29. Total footings $771,274 68

DISBURSEMENTS

3. Net amount paid policyholders for losses $51 , 9S6 25

4. Expenses- of adjustment and settlement of losses 1,023 42

5. Commissions or brokerage 32.079 20

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

tees and home office employes 6 , 601 50

19-22. Taxes 4 ,528 88

0, 7, 9-18, 23^4J2, 35-37. Other disbursements 7,365 00

34. Remitted to home office 19,773 93

41. Total disbursements $128,858 18

42. Balance $647,916 50

LEDGERASSETS.

4. Bonds, $582,975.43 ; stocks, $4,625.00 $587,600 43

5-7. Cash 26,972 28

8. Agents* balances 33,343 79

16. Total ledger assets $617 ,916 fiO

lt-29. Total non-ledger assets 5,403 95

31-40. Deduct assets not admitted OS, 384 89

41. Total admitted a)*sets $684,935 56

LIABILITIES.

6. Net amount of unpaid losses and claims $9,884 86

10. Total unearned premiums ' 128,168 84

18. Estimated amount hereafter payable for taxes 4,000 00

12-17,19-25. All other liabilities 6,000 00

26. Total amount of all liabilities except capital $148,053 70

27. Statutory deposit 200,000 00

L'8. Surplus over all liabilities 236,881 86

a». Total liabilities $584,985 56

INDEUVVRITING EXHIBIT.

9. I*remlums earned during the year $118,422 02