V
}
I .'
PUBLIC DOCUMENT .... .... No. 9.
FIFTIETH ANNUAL KEPOKT
OF THE
Insurance Commissioner
OF THE
Cnmmonfoealt^ of Hassat^nsttis.
January 1, 1905.
PART L
FIRE AND MARINE INSURANCE.
BOSTON :
WRIGHT & POTTER PRINTING CO., STATE PRINTERS,
18 Post Office Square.
1905.
to.
ME H<
Approved by
The State Board of Publication.
3tr v\i
A
TABLE OF CONTENTS.
[For Index to Companies, see end of volume.]
COMMISSIONER'S REPORT.
PAGE
Introductory, v
Companies admitted, v
Companies ceasing to do Business, v
APPOINTMENT OF THIRD REFEREES BY THE INSURANCE COMMISSIONER, . vi
The Illegal Transaction of Business, viii
Department Examinations xiii
Finances of the Department, xiv
Reports of Receivers of Insolvent Fire Companies, .... xv
Massachusetts Mutual Fire Insurance Companies:
Comparative Table A, xvi
Massachusetts Mutual Fire-Marine Insurance Companies:
Comparative Table B, xvi
Massachusetts Joint-Stock Insurance Companies:
Comparative Table C, xvii
Insurance Companies of Other States :
Comparative Table D, xviii
United States Branches of Foreign Insurance Companies:
Comparative Table E, xix
Aggregates of All the Companies, xx
Massachusetts Mutual Fire Insurance Companies :
Table I. — Assets, liabilities and surplus, . . . . . . . xxi
Table II. — Risks, income and disbursements, xxii
Table III. — Premiums, losses and expenses, xxiii
Massachusetts Mutual Fire-Marine Insurance Companies :
Table IV. — Guaranty fund, scrip, assets, liabilities and surplus, . . xxiv
Table V. — Income and disbursements, premiums, losses and expenses, xxiv
Massachusetts Joint-Stock Insurance Companies :
Table VI. — Cash capital, assets, liabilities, surplus and expenses, . . xxiv
Table VII. — Income and disbursements, risks, premiums and losses paid, xxiv
IV
CONTENTS.
Insurance Companies of Other States :
Table VIII. — Cash capital, assets, liabilities, surplus and expenses, .
Table IX. — Income and disbursements, risks, premiums and losses paid,
United States Branches :
Table X. — Risks, assets, liabilities and surplus,
Table XI. — Income, disbursements, expenses, etc.,
Massachusetts Business in Detail:
Table XII. — Risks written, premiums received, losses paid, etc.,
Table XIII. — Receipts and expenditures of the insurance department,
PAGE
xxv
xxvii
XXX
xxxi
XXXll
xxxvii
DETAILED STATEMENTS.
Massachusetts mutual fire companies, 1
Massachusetts mutual fire-marine companies, 82
Massachusetts joint stock fire and fire-marine companies, 87
Fire, marine and fire-marine insurance companies of other States, . . . 100
United States branches of foreign companies, 385
Appendix, 467
Report of the Massachusetts District Police, Fire Marshal's department, . . 469
CommrnitaUfo ai Utassarfrttsetls.
Insurance Department, Boston, May 20, 1905.
To the General Court of Massachusetts.
Part I. of the fiftieth report of the Massachusetts insurance
department, relating to fire and marine insurance companies
and their operations for the year 1904, is herewith submitted.
The following is a list of the companies admitted during the
year, and also in 1905, up to the date of this report : —
NAME OF COMPANY.
Location.
Date of
Authority.
Capital.
Star Fire, .
Lumbermen's Mutual,
Rossia,
Security Fire, .
Royal Exchange,
Union Marine, .
Lumber, .
Eastern Fire,
Michigan Commercial,
Alliance, .
Eagle Fire,
Calumet, .
City of New York,
Louisville, Ky.,
Mansfield, O., .
St. Petersburg,
Baltimore,
London, .
Liverpool,
New York City,
Atlantic City, N.
Lansing, Mich.,
Philadelphia, .
New York City,
Chicago, .
New York,
1904.
Jan.
Jan. 12,
March 5,
May
Sept.
Oct.
Nov.
Dec.
Dec.
1905.
Jan. 2,
Feb. 25,
May 3,
May 19,
23,
9,
5,
10,
13,
31,
$200,000
200,000*
200,000
200,000*
300,000*
200,000
200,000
200,000
600,000
400,000
200,000
200,000
* Deposit capital.
Companies which ceased to do Business during the Year 1904, and in
1905 to Date.
NAME
OF COMPANY.
Location.
Date.
Capital.
Remarks.
Greenwich,
Firemen's,
Home Fire,
Potomac, .
Atlas Mutual, .
Lafayette Fire, .
Reliance Marine,
ThuriDgia,
Charles River Mutual,
Manchester Assur-
ance.
Royal Exchange,
Kings County Fire, .
Cohasset Mutual Fire,
National Assurance
of Ireland.
Millers' National,
New York City, .
Baltimore,
Baltimore,
Washington, D. C,
Boston, .
New York City, .
Liverpool,
Erfurt, Germany,
Boston, .
Manchester, Eng.,
London,.
New York City, .
Cohasset,
Dublin, .
Chicago,
1904.
Feb. 16,
Feb. 17
Feb. 17
Feb. 25
March 11
March 16
March 24
April 7
April 8
June 24
July
Aug.
Nov. 1
1905.
Feb. 2
Feb. -
$200,000
400,000
200,000
200,000
200,000
300,000*
200,000*
200,000*
200,000*
200,000
200,000
200,000
Reinsured in Commercial Union
Assurance.
Receiver appointed.
Receiver appointed.
Reinsured in North British and
Mercantile.
Receiver appointed.
Reinsured in National, Hart-
ford.
Withdrew.
Reinsured in Firemen's Fund.
Perpetually enjoined.
Merged with Atlas Assurance.
Authority revoked.
Reinsured in Atlas Assurance.
Withdrew.
Reinsured in Hingham Mutual.
Reinsured in Providence-Wash-
ington.
Discontinued business in Mass.
* Deposit capital.
VI REPORT OF THE
Under the operation of chapter 3, Acts of 1904, coupled
with the provisions of section 28 of chapter 118 of the
Revised Laws, the corporate powers of the Cohasset Mutual
Fire Insurance Company, the Franklin Mutual Fire Insurance
Company and the Western Massachusetts Mutual Fire Insur-
ance Company have expired. The first-named act provided
that, if a mutual fire insurance company such as is included in
its specifications fails to maintain in respect to business in force
the standard which is established for a new company seeking
to begin business, it is prohibited from writing any new insur-
ance until it has sufficient applications in hand to bring it up
to that stature. All the companies named above fell below
the mark, and did not, within a period of one year, secure
applications so that new insurances could be written ; conse-
quently they came under the ban of the law, as expressed in
said section 28, and are thus permanently out of the field as
insurers.
Appointment of Third Referees by the Insurance
■
Commissioner.
The insurance laws place upon the Insurance Commissioner,
in certain contingencies, the duty and responsibility of appoint-
ing a third referee to act, in conjunction with two other referees
duly selected, in adjusting fire losses. It became apparent in
the proceedings under this statute that there was a lack of har-
mony, to say the least, between the provisions of the standard
form of policy, by virtue of which certain agreements of indem-
nity are made with the mortgagee, and the letter of the statute,
which directs how the parties shall proceed in case the two
referees chosen by the insurer and the insured respectively fail
to agree upon a third referee willing to act in that capacity.
In this statute the rights of the mortgagee as set forth in the
contract or policy are wholly ignored, as the statute is usually
interpreted, and as the parties in interest usually proceed.
The commissioner has no evidence that any mortgagee has
been wronged thereby, but, seeing that there is a possibility
that complications might arise that would be ground for set-
ting aside the award by arbitration, or that would work an
injustice to a mortgagee not understanding his rights, it was
INSURANCE COMMISSIONER. Vll
decided to lay this whole matter before the Attorney-General
of the Commonwealth for an opinion. That opinion follows,
and will hereafter be the guide of the department in its action
under the statute in question.
Boston, May 13, 1905.
Hon. Frederick L. Cutting, Insurance Commissioner.
Dear Sir : — You have requested my opinion upon the following
questions of law relating to proceedings for arbitration under a fire
insurance policy in the Massachusetts standard form : —
(1) When the damaged property is mortgaged and the insurance
is payable to the mortgagee, as his interest may appear, is the mort-
gagee one of the insured in such a sense that the Insurance Commis-
sioner should not, on the application of the party holding the equity,
appoint a third referee unless the mortgagee joins in the request for
an appointment?
(2) In such case, is a referee of the insured duly chosen so that
the Insurance Commissioner may act on his request for the appoint-
ment of a third referee if the mortgagee has not concurred in his
selection as referee of the insured by the mortgagor?
(3) What parties are meant in Revised Laws, chapter 118, sec-
tion 60, where it provides that the Insurance Commissioner " shall
send written notification thereof to the parties ? "
The material part of section 60 is as follows : —
"In case of the failure of two referees, chosen, respectively, by
the insurance company and the insured, to agree upon and select
within ten days from their appointment a third referee willing to act
in said capacity, either of said referees or parties may within twenty
days from the expiration of said ten days make written application,
setting forth the facts, to the insurance commissioner to appoint such
third referee ; and said commissioner shall thereupon make such ap-
pointment and shall send written notification thereof to the parties.''
The standard form of policy contains this provision : —
"If this policy shall be made payable to a mortgagee of the in-
sured real estate, no act or default of any person other than such
mortgagee or his agents, or those claiming under him, shall affect
such mortgagee's right to recover in case of loss on such real estate :
provided" etc.
The effect of such a policy, in which the insurance is made payable,
in case of loss, to the mortgagee as his interest may appear, has been
described in Palmer Savings Bank v. Insurance Co. of North America,
166 Mass. 189, 194, as follows: —
"The effect of such a policy is the same as if the mortgagor had
Vlll KEPORT OF THE
takeu out tbe insurance in his own name, and then assigned it to the
mortgagee to the extent of his interest, and the insurance company
had assented to the assignment and had promised the mortgagee that
no act or default of the mortgagor should defeat the right of the
mortgagee to recover to the extent of his interest. Under such ao
assignment, assented to by the company, the mortgagee, in the event
of a loss, could maintain an action in his own name to recover to the
extent of his interest."
. The court held that the mortgagee under such a policy is entitled
to maintain an action in his own name.
Harrington v. Fitchburg Mutual Fire Insurance Co., 124 Mass.
126, held that a mortgagee under such a policy is not bound by an
adjustment of such a loss made without his knowledge or consent by
the assured, the mortgagor, with the insurance company.
I am of opinion, following the authority of these cases, that your
questions above quoted must be answered as follows : —
(1) The Insurance Commissioner should not, on the application of
the mortgagor, appoint a third referee unless the mortgagee joins in
the request for an appointment.
(2) A referee chosen by the mortgagor, without concurrence in his
selection by the mortgagee, is not duly chosen, and the Insurance
Commissioner should not act upon his request for the appointment of
a third referee.
(3) You should send notification of your appointment of a third
referee, not only to the insurance company and the mortgagor, but
also to the mortgagee, or to their respective representatives, the two
referees.
The following cases in other States also support this conclusion : —
Brown v. Roger Williams Insurance Co., 5 R.I. 394; Bergman v.
Commercial Union Assurance Co., 92 Ky. 494 (15 L.R.A. 270) ;
Georgia Home Insurance Co. v. Stein, 72 Miss. 943.
Very truly yours, Herbert Parker,
Attorney- General.
The Illegal Transaction of Business.
On account of certain information -which, came to the Insur-
ance Commissioner, it was deemed best to require fire insurance
companies reporting to this department to make sworn state-
ments with their report of the business of the year 1903,
relative to their methods of handling certain classes of Massa-
chusetts risks. The specific questions asked of the officers of
each fire insurance company operating here were as follows : —
INSURANCE COMMISSIONER. IX
Are all policies covering specifically or under schedules on prop-
erty in Massachusetts written on the Massachusetts standard form,
and signed and issued by an authorized agent resident in Massa-
chusetts ?
Are all policies covering on property in Massachusetts under
44 floaters" written on the Massachusetts standard form of policy,
and signed and issued to the insured by an authorized agent resident
in Massachusetts?
If not, please give particulars.
Are premiums on " floaters" and under schedules covering in Mas-
sachusetts included in the company's returns to the Tax Commissioner
of said Commonwealth?
The answers to these questions were such as to indicate that
all the companies were conducting their business in a lawful
and proper manner. But still there w r as a suspicion to. the
contrary, which suspicion grew into a conviction as time went
on, that, in respect to one company at least, there ought to be
an investigation. Accordingly a representative of this depart-
ment was deputized to proceed to the head office in this country
of the Royal Exchange Assurance, — Mr. Robert Dickson,
United States manager, — and make an examination of the
books, records and accounts of the company, to ascertain if
the law of this Commonwealth was being or had been violated
in respect to any of the matters covered by the three interrog-
atories above quoted.
It is needless to go into detail to set forth the attempts at
deception which the examiner had to meet, and the difficulties
thrown in his way, in an attempt to ascertain the facts. It is
sufficient here to say that numerous specific instances of viola-
tion of the law were discovered, for which the statutes provide
a penalty. The Insurance Commissioner did not care to trust
to hi© own judgment, exclusively, as to the legal liability of
the company on account of the discoveries made by the ex-
amination, but consulted the Attorney-General, w T ho by law
is the legal adviser of this department, for his interpretation
of the application of the law to the acts of the company which
seemed illegal. One question was as to the authoritv of the
O J. J
Insurance Commissioner to revoke the authority of a fire insur-
ance company which reinsured a Massachusetts risk in an
X REPORT OF THE
unauthorized company. His reply, which is one of importance
to company officials as well as to the Insurance Department,
reads as follows : —
July 21, 1904.
Hon. Frederick L. Cutting, Insurance Commissioner.
Dear Sir : — In your letter of July 1 you desire my opinion
whether, upon the facts disclosed in the examination by your depart-
ment of a foreign fire insurance corporation, you have power to
revoke the company's authority to transact business in Massachusetts.
The corporation, which was admitted to Massachusetts in 1891,
has at its general offices in the city of New York, reinsured risks on
Massachusetts property, in companies which have not been author-
ized to do business in Massachusetts, no affidavit having been filed,
in accordance with R. L., c. 118, § 83, that the amount of insurance
necessary to protect the property could not be procured in admitted
companies. In each case the contract of reinsurance was made and
was to be performed in New York city.
R. L. c. 118, § 20, provides in part as follows : —
" If a company directly or indirectly reinsures a risk taken by it
on any property located in this commonwealth in a company not duly
authorized to transact business herein, . . . the insurance commis-
sioner may revoke its authority to transact business in this common-
wealth."
This statute does not limit such action by the Insurance Commis-
sioner to acts done by the company within this Commonwealth ; its
intention is to prevent, so far as it may, the insurance of Massachu-
setts property by companies not under the control or supervision of
this Commonwealth. It purports to authorize the Insurance Com-
missioner to revoke the company's authority, although the ground of
revocation is an act done outside this jurisdiction. The question is,
whether this statute thus construed is constitutional.
While the Legislature has no right to require an owner of property
situated in Massachusetts to insure it only in authorized companies
(Allgeyer v. Louisiana, 165 TJ. S. 578), the right of the Legislature
to dictate terms upon which a foreign company may reinsure its risks
as a condition of remaining here rests upon a different and valid
foundation. A person owning property here has a right to insure it
in such company as he chooses, provided the forbidden act of insur-
ance takes place outside the jurisdiction. Since the contract of
insurance, if made outside the jurisdiction, for the sake of the
owner is not to be interfered with, the other party to the contract,
the insurance company, is sheltered by the owner's privilege ; but in
case of reinsurance, neither the insuring company nor the reinsuring
INSURANCE COMMISSIONER. XI
company, when not authorized to do business here, is guaranteed by
the Constitution the right to make that contract. The owner of the
property and his rights are not to be considered, since the contract
of reinsurance is entirely between the two foreign companies, there
being no relation between the owner and the reinsuring company.
The State may prohibit foreign insurance companies entirely from
doing business within its limits. It may then impose such condi-
tions as it pleases upon the doing of business, and upon failure to
perform the conditions it may refuse authority to do business, or
revoke an authority once given. (Paul v. Virginia, 8 Wall. 168;
Ducat v. Chicago, 10 Wall. 410; Hooper v. California, 155 U. S.
648 ; Manchester Fire Insurance Company v. Herriott, 91 Fed. 711.)
In Waters-Pierce Oil Company v. Texas, 177 U. S. 28, a Texas
statute provided that every foreign corporation violating its provisions
should forfeit its right to do business in Texas. The Attorney-
General proceeded against a foreign corporation which was author-
ized to do business in the State for forfeiture of that right. In the
United States Supreme Court the corporation contended that the
statute limited its right to make contracts, and took away its property
without due process of law. The court sustained the forfeiture which
had been declared by the State court, observing: "What right of
contracting has it in the State of Texas? This is the only inquiry,
and it cannot find an answer in the rights of natural persons." (See
also Blake v. McClung, 172 U. S. 239; Orient Insurance Company
v. Daggs, 172 U. S. 557.)
It is no objection to the exercise by the Insurance Commissioner of
the power given him by this statute that his reason for revoking the
authority of the company is that the company has done an act outside
the jurisdiction which the Commonwealth cannot effectually prohibit
by penal laws, having no extra-territorial effect. Since insurance is
not interstate commerce, the State may deprive a foreign company of
the right to do business within its limits for any reason that it deems
proper.
In Doyle v. Continental Insurance Company, 94 U. S. 535, the
Supreme Court of the United States held that an injunction to restrain
the Insurance Commissioner from revoking the license of a foreign
insurance company must be denied. In that case the license was
revoked for the reason that the company removed a case from the
State to the federal court, in violation of a State statute providing
that in case of such removal its license should be cancelled. The
company, as a condition of its license, had been required to agree
not to remove any case. Though the agreement was void (Insurance
Company v. Morse, 20 Wall. 445), and a similar statute applying to
Xll REPORT OF THE
a corporation or individual having a right to do business in the State
would be unconstitutional, as denying a right guaranteed by the
federal Constitution (see Barron v. Burnside, 121 U. S. 186, 199),
a majority of the court held that, since a foreign insurance company
has no constitutional right to do business within the State, it was
justifiable to give the corporation the option either to stay out or to
deny itself a federal right.
I therefore conclude that the statute authorizes you to revoke the
license of the foreign insurance company for the reasons stated, and
that the statute is valid, though indirectly prohibiting acts done out-
side the State, since under it the corporation had an option to stay
out of the State or comply with the statute.
Very truly yours, Herbert Parker,
Attorney- General.
As the fact was established, to the satisfaction of the Insur-
ance Commissioner, that the company in question had reinsured
Massachusetts risks in unauthorized companies, the authority
of the company in question to transact business in Massachu-
setts was revoked, such revocation taking effect on July 22.
Other violations of the law made the company subject to many
penalties, and it became evident, also, that the general agent
of the company in Boston was not wholly innocent of com-
plicity in some of its illegal acts. Upon due consideration, it
was determined that the lines and penalties incurred were suffi-
cient in number and importance to warrant an aggregate fine
of at least $15,000 upon the company, and $200 was deemed a
proper penalty for the offences committed by the Boston agent.
These fines were duly paid and covered into the treasury of the
Commonwealth. The question then came as to the readmission
of the company. There never was any doubt in the mind of
the commissioner as to its financial soundness ; in fact, it is
one of the old and rich and conservative companies of Great
Britain, and its United States branch also was of undoubted
financial strength. Moreover, it became evident that the home
office officials of the company were wholly innocent of any
complicity with the acts of the United States branch which
were in violation of the Massachusetts statutes. Their dis-
approval of these acts rendered it evident that their repetition
was wholly unlikely, even under the management of the per-
INSURANCE COMMISSIONER.
Xlll
son who was then conducting its affairs in the United States.
Accordingly, the company was readmitted in due time. The
home office managers, soon after its readmission, took charge
of its affairs on this side by sending over one of their own
number, Mr. E. B. Hiles, to conduct its business. After due
consideration, he selected a new United States manager, in the
person of Mr. U. C. Crosby,, and the company has again taken
its place among the strong and responsible fire insurance com-
panies transacting business in this Commonwealth. The inci-
dent has its lessons. May they be heeded.
Department Examinations.
The fire and marine companies examined by the department
during the year 1904 are given below, together with the
location of the head office of the company and the date of the
previous examination : —
Cambridge Mutual, .
Atlas Mutual,
U. S. Branch, Royal Exchange,
Saugus Mutual, .
Salem Mutual, .
Newbury port Mutual,
Gloucester Mutual Fishing,
Barnstable County Mutual,
Berkshire Mutual,
India Mutual,
Springfield Fire and Marine,
Mutual Fire Assurance,
Dorchester Mutual,
Mercantile Fire and Marine,
Grovel and Mutual,
Salisbury and Amesbury Mutual,
Norfolk Mutual, .
Dedham Mutual,
Merrimack Mutual, .
Besides the above companies, the following companies of
other classes were examined during the year : —
Cambridge, .
. December,
1901
Boston,
November,
1903
New York City.
Saugus,
October,
1901
Salem, .
December,
Newburyport,
October,
Gloucester, .
, December,
Yarmouth port,
. September
i
Pittsfield, .
October,
Boston,
it
Springfield, .
u
Springfield, .
(i
Neponset, .
it
Boston,
July,
Grovel and, .
October,
Marlborough,
it
Dedham,
. December,
Dedham,
tt
Andover,
tt
Berkshire Life,
John Hancock Mutual Life,
Boston Mutual Life,
Masonic Mutual Accident,
Mutual Boiler,
Ahawas Israel, Independent Order of.
XIV
REPORT OF THE
Finances of the Department.
The receipts of the insurance department for the year 1904
were $32,175.33 in excess of the total cost of its maintenance.
This surplus exceeded that of the preceding year by $3,975.22.
The total department expenses were $48,243.89, and its re-
ceipts $80,419.22 ; the latter amount being $4,734.79 in ex-
cess of the receipts for the previous year.
Respectfully submitted,
Insurance Commissioner.
INSURANCE COMMISSIONER. XV
REPORTS OF RECEIVERS OF INSOLVENT FIRE COMPANIES.
Atlas Mutual Insurance Company. — Franklin T. Hammond,
50 State Street, Boston, receiver; appointed May 11, 1904.
His account to May 11 of the present year stands as follows : —
Balance, May 19, 1904, f 43,960 67
Receipts from May 19, 1904, to May 11, 1905, . . 16,624 02
Disbursements during the same period, . . . 27,893 55
Of the amount disbursed, $23,611.95 was paid to loss claim-
ants and $4,281.60 for miscellaneous disbursements, including
commissions, clerical services, legal expenses, etc.
By decree of the Supreme Judicial Court, entered Feb. 11,
1904, it was provided that policy holders whose policies were
cancelled after March 8, 1904, the date of the filing of the bill,
should not be permitted to set off against the assessment the
return premiums on the cancellation or surrender value of
the policies at that date, and therefore that an assessment of
$73,500 should be levied.
Firemen's Fire Insurance Company. — International Trust
Company, Boston, receiver; appointed July 6, 1900. Re-
ceiver reports that the balance on hand May 1, 1904, was
$402,194.24, and that there has been charged for the services
of receiver and expenses $2,194.24, leaving a balance of
$400,000.
Melrose Mutual Fire. — Alpheus Sanford, Mason Building,
Boston, receiver; appointed Nov. 26, 1895. An order was
allowed for the payment of a 20 per cent, dividend a short
time ago, which will be the final amount to be distributed.
This makes a dividend of 70 per cent, in all to those having
claims for losses. After paying this final dividend, there will
be left in the hands of the receiver a balance of $43.10.
XVI
REPORT OF THE
Comparative Table A. — Massachusetts Mutual Fire Insurarice
Companies.
1903.*
1904.t
Increase or
Decrease in 1904.
Assets (including contingent),
$45,133,364
$47,314,230
$2,180,866
Liabilities, ....
6,474,339
6,464,951
—9,388
Cash surplus, .
6,466,555
6,881,211
1,414,656
Income, .
7,854,033
7,850,631
—3,402
Disbursements,
6,998,718
7,414,927
416,209
Premiums,
7,305,148
7,285,577
—19,571
Losses paid,
1,193,109
1,214,036
20,927
Losses incurred,
1,231,355
1,159,054
—72,301
Risks outstanding,
1,092,028,154
1,130,671,093
38,642,939
Expenses,
1,065,036
1,016,860
— 48,176
Assessments collected.
7,975
-
-
Profits returned,
4,641,752
5,109,189
467,437
* Forty-five companies.
t Forty-three companies.
Comparative Table B. — Massachusetts Mutual Fire-Marine Insur-
ance Companies.
1903.*
1904.*
Increase or
Decrease in 1904.
Assets,
$566,125
$511,420
—$54,705
Liabilities,
263,709
267,493
3,784
Surplus, .
302,416
243,927
—58,489
Income, .
438,430
416,088
—22,342
Disbursements,
452,712
450,945
— 1,767
Premiums,
418,322
398,114
—20,208
Losses paid,
313,260
327,737
14,477
Losses incurred,
313,281
356,668
43,387
Risks outstanding,
18,839,619
19,448,565
608,946
Expenses,
98,732
92,826
—5,906
* Two companies.
INSURANCE COMMISSIONER.
XV11
Comparative Table C. — Massachusetts Joint-Stock Insurance
Companies.
1903.*
1904.»
Increase or
Decrease in 1904.
Cash capital, .
$3,700,000
13,700,000
-
Assets, .
11,624,033
11,761,735
$137,702
Liabilities,
4,260,827
4,520,847
260,020
Surplus, .
7,363,206
7,240,888
—122,318
Income, .
5,836,752
6,485,012
648,260
Disbursements,
5,164,973
6,314,523
1,149,550
Fire premiums,
4,533,412
4,881,785
348,373
Marine premiums,
823,563
909,305
85,742
Fire losses paid,
2,313,142
3,418,768
1,105,626
Marine losses paid,
517,723
404,829
—112,894
Fire losses incurred,
2,315,701
3,465,611
1,149,910
Marine losses incurred,
507,248
419,011
-88,237
Fire risks outstanding,
592,262,431
619,652,717
27,390,286
Marine risks outstanding,
6,433,314
12,733,006
6,299,692
Expenses, .
1,926,050
2,096,643
170,593
Cash dividends declared,
373,000
370,000
—3,000
* Four companies.
xvm
REPORT OF THE
Comparative Table D. — Fire and Marine Insurance Companies of
Other States.
1903.*
1904.*
Increase or
Decrease in 1904.
Cash capital, .
$49,502,875
$49,602,875
$100,000
Assets, .
281,127,024
293,319,019
12,191,995
Liabilities,
134,538,580
144,055,476
9,516,896
Surplus, .
146,588,444
149,263,543
2,675,099
Income, .
153,552,481
164,757,962
11,205,481
Disbursements,
130,563,326
154,418,080
23,854,754
Fire premiums,
131,416,833
142,006,880
10,590,047
Marine premiums,
8,529,669
8,136,962
—392,707
Fire losses paid, .
60,967,036
82,625,133
21,658,097
Marine losses paid,
4,974,121
3,785,225
—1,188,896
Fire losses incurred,
62,291,895
83,134,202
20,842,307
Marine losses incurred, .
5,280,675
4,996,477
—284,198
Fire risks outstanding,
18,703,522,406
19,949,423,443
1,245,901,037
Marine risks outstanding,
226,855,554
235,817,486
8,961,932
Expenses, ....
48,939,118
52,222,245
3,283,127
Cash dividends declared,
6,490,874
7,094,977
604,103
* One hundred and seventeen companies.
INSURANCE COMMISSIONER.
XIX
Comparative Table E. — United States Branches of Foreign
Companies.
1903.*
1904.f
Increase or
Decrease in 1904.
Deposit capital,
$8,500,000
$8,200,000
—$300,000
Assets in United States,
80,655,847
85,414,493
4,758,646
Liabilities in United States, .
51,585,177
53,791,638
2,206,461
Surplus, .
29,070,670
31,622,855
2,552,185
Income, .
64,384,226
76,878,098
12,493,872
Disbursements,
57,650,245
70,718,198
13,067,953
Fire premiums,
56,104,502
60,668,342
4,563,840
Marine premiums, .
3,244,511
3,706,390
461,879
Fire losses paid, .
28,496,076
39,692,762
11,196,686
Marine losses paid,
2,006,712
2,100,185
93,473
Fire losses incurred,
28,571,302
39,974,752
11,403,450
Marine losses incurred,
2,686,735
2,412,311
—274,424
Fire risks outstanding,
7,330,994,249
7,848,400,421
517,406,172
Marine risks outstanding,
99,289,219
113,163,124
13,873,905
Expenses, ....
20,775,833
22,138,895
1,363,062
Thirty-seven companies.
t Thirty-eight companies.
XX
REPORT OF THE
Aggregates of All the Companies.
1903.
1904.
Increase or
Decrease in 1904.
Cash capital. ....
$61,702,875
$61,502,875
- $200,000
Assets (including contii
of mutual companies^
Liabilities,
lgent
419,106,393
197,122,632
438,320,897
209,100,405
19,214,504
11,977,773
Surplus, .
189,791,291
195,252,424
5,461,133
Income, .
232,065,922
256,387,791
24,321,869
Disbursements,
200,829,974
239,316,673
38,486,699
Fire premiums,
199,484,396
214,962,891
15,478,495
Marine premiums,
12,891,564
13,030,464
138,900
Fire losses paid, .
93,025,276
127,031,051
34,005,775
Marine losses paid,
7,755,903
6,537,624
—1,218,279
Fire losses incurred,
94,468,060
127,033,891
32,565,831
Marine losses incurred,
8,730,132
8,104,266
—625,866
Fire risks outstanding,
27,729,558,992
29,559,581,811
1,830,022,819
Marine risks outstanding,
340,665,954
369,728,044
29,062,090
Expenses, ....
72,804,769
77,567,469
4,762,700
Cash dividends declared,
6,863,874
7,464,977
601,103
INSURANCE COMMISSIONER.
XXI
Table I. — Massachusetts Mutual Fire Insurance Companies.
NAME OF COMPANY.
Contingent
Assets.
Admitted
Assets.*
Liabilities.!
Surplus or
Deficiency
in 1904.
Surplus or
Deficiency
in 1903.
Abington, ....
Annisquam, ....
Attleborough,
Barnstable County,
Berkshire, ....
$100,027
7,568
46,428
131,107
154,681
$113,898
9,758
48,024
114,865
157,213
$54,265
22
12,971
70,264
84,033
$59,633
-t
35,053
44,601
73,180
$53,267
-t
32,009
41,676
68,816
Bristol County,
Cambridge, ....
Citizens', ...
Dedham,
Dorchester
113,028
336,110
376,437
111,132
627,581
2,846
202,554
338,716
168,473
507,609
169,865
201,306
61,891
338,543
-§
32,689
137,410
106,582
169,066
-§
22,363
129,144
101,639
161,407
Fitchburg, ....
Q-roveland, ....
Hampshire, ....
Hlngham, ....
Holyoke,
266,861
139,297
57,762
406,950
553,063
207,598
182
59,769
354,419
948,662
160,835
2,554
30,359
210,779
290,783
46,763
-J
29,410
143,640
657,879||
38,188
-t
28,029
139,142
631,416|J
Lowell
Lumber,
Lynn,
Merchants' and Farmers',
Merrimack
158,813
460,513
58,649
316,016
402,739
207,302
203,957
64,424
282,268
243,937
84,913
87,429
15,421
166,362
209,458
122,389
116,528
49,003
115,906
34,479
118,183
80,532
48,794
101,847
33,176
Middlesex
Mutual Fire Assurance,
Mutual Protection,
Newburyport,
Norfolk,
647,681
102,654
95,003
46,312
352,121
706,305
232.903
133,456
40,979
667,269
341,684
51,922
51,544
5,315
191,847
364,621
180,981
81,912
35,664
475,422
352,807
162,019
77,818
33,297
458,094
Quincy,
Salem,
Salisbury and Amesbury,
Saugue
South Danvers,
481,256
103,755
71,175
335,218
73,214
724,027
105,618
7,124
3,538
30,651
249,337
58,862
221
12,438
474,690
46,756
-§
-t
18,213
455,776
48,162
-§
-t
19,555
Traders' and Mechanics',
West Newbury,
Whiting,
Worcester Mutual,
617,188
102,655
140,876
606,407
678,421
87
44,789
839,990
321,935
4,388
37,419
328,095
356,486
-t
7,370
511,895
$4,528,221
360,737
-t
6,237
507,250
Totals, ....
$8,600,277
$8,451,631
$3,907,060
$4,311,380
Manufacturers' Mutuals.
Arkwright, ....
Boston Manufacturers',
Cotton & Woolen, .
Fall River Manufacturers', .
$6,364,835
7,787,895
2,148,786
2,420,923
$1,317,489
1,523,753
304,261
526,210
$642,082
784,323
216,671
244,268
$675,407
739,430
87,590
281,942
$614,521
673,702
91,457
253,284
Industrial, ....
1,381,341
171,767
139,170
32,597
25,286
Paper Mill, ....
Rubber Manufacturers',
Worcester Manufacturers', .
651,818
1,891,573
2,720,620
137,442
312,569
601,040
65,581
190,875
274,921
71,861
121,694
326,119
64,247
126,923
288,949
Totals
$25,367,791
$4,894,531
$2,557,891
$2,336,640
$2,137,369
Grand totals, .
$33,968,068
$13,346,162
$6,464,951
$6,864,861
$6,448,749
* Not including contingent assets. t Including unearned premiums.
X This company relies upon assessments on deposit notes to pay losses and expenses.
§ This company takes deposit notes from its members and makes an assessment when the
note is issued for paying current expenses. || Including guaranty capital, $100,000.
XX11
REPORT OF THE
Table II. — Massachusetts Mutual Fire Insurance Companies.
NAME OF COMPANY.
Amount at Risk
Dec. 31, 1904.
Income.
Disburse-
ments.
Abington,
Annisquam,
Attleborough,
Barnstable County
Berkshire
$6,445,367
298,280
2,877,861
7,561,821
10,638,931
$38,360
807
10,315
48,582
55,717
$31,324
751
6,122
42,973
51,252
Bristol County,
Cambridge,
Citizens',
Dedham,
Dorchester
1,676,155
21,075,784
27,685,784
7,224,426
37,809,999
1,947
88,018
99,698
45,484
244,430
2,222
133,065
94,146
37,493
228,976
Fitchburg,
Groveland,
Hampshire,
Hingham,
Holyoke,
19,191,494
1,717,752
3,757,088
27,133,653
38,282,240
110,789
2,959
17,226
102,227
189,431
113,177
4,128
17,014
102,645
175,541
Lowell,
Lumber
Lynn,
Merchants' and Farmers', ....
Merrimack
9,910,576
5,671,858
2,176,783
21,244,755
27,387,231
62,136
162,691
9,391
111,552
124,974
55,636
97,769
8,643
110,465
130,926
Middlesex
Mutual Fire Assurance, ....
Mutual Protection,
Newburyport,
Norfolk
43.637,887
6,300,425
5,691,543
765,635
24,627,979
193,574
29,522
42,901
5,110
119,727
188,288
22,893
39,897
4,133
97,077
Quincy,
Salem,
Salisbury and Amesbury
Saugus
South Danvers,
32,766,552
5,997,234
1,943,190
2,634,020
1,145,813
171,253
45,933
7,440
3,281
5,138
158,434
48,979
5,034
2,483
6,660
Traders' and Mechanics', ....
West Newbury
Whiting,
Worcester Mutual,
41,222,041
1,496,440
• 8,595,544
43,926,262
198,461
7,830
43,396
186,075
199,201
7,908
34,851
186,247
$500,518,403
$2,586,375
$2,446,353
Manufacturers' Mutuals.
Arkwright,
Boston Manufacturers',
Cotton and Woolen,
Fall River Manufacturers',
Industrial,
Paper Mill,
Rubber Manufacturers',
Worcester Manufacturers',
Totals,
Grand totals, .
$164,304,011
200,696,753
46,160,110
60,167,457
31,065,888
16,385,316
42,214,962
69,158,193
$630,152,690
$1,130,671,093
$1,325,695
1,623,155
427,101
510,803
280,520
135,345
387,783
573,854
$5,264,256
$7,850,631
$1;234,644
1,510,328
421,767
474,376
286,249
124,964
383,715
532,531
$4,968,574
$7,414,927
INSURANCE COMMISSIONER.
XX111
Table III. — Massachusetts Mutual Fire Insurance Companies.
Com-
NAME OF COMPANY.
menced
Business.
Premiums.
Losses Paid.
Expenses.
Abington, . ' .
1857
$33,470
$10,353
$9,518
Annisquam, . .
1847
-
229
393
Attleborough
1845
8,383
3,031
3,091
Barnstable County,
1833
43,450
9,821
7,628
Berkshire,
1835
49,401
18,296
14,933
Bristol County, ....
1829
1,847
789
1,433
Cambridge,
1834
73,521
58,381
30,310
Citizens'
1846
82,720
17,708
30,987
Dedham
1837
36,118
8,901
12,216
Dorchester,
1855
226,443
103,055
57,626
Fitchburg,
1847
99,702
34,998
38,600
Groveland,
1828
-
3,189
940
Hampshire,
1832
14,641
7,424
4,334
Hingham, .....
1826
85,695
31,369
24,096
Holyoke,
1843
145,864
52,092
49,355
Lowell,
1832
53,145
16,787
20,074
Lumber,
1895
156,452
38,468
22,627
Lynn
1828
6,516
554
3,068
Merchants' and Farmers', .
1847
98,274
36,992
29,920
Merrimack,.
1828
115,275
47,359
33,430
Middlesex,
1826
167,495
57,340
49,120
Mutual Fire Assurance,
1827
20,152
1,272
5,632
Mutual Protection,
1864
36,419
12,602
15,768
Newburyport, ....
1829
2,792
482
910
Norfolk,
1825
84,636
20,816
24,210
Quincy
1851
145,582
50,186
47,526
Salem
1838
41,548
21,677
15,184
Salisbury and Amesbury, .
1855
7,313
2,725
2,309
Saugu£,
1852
43
720
1,764
South Danvers, ....
1829
3,752
211
1,219
Traders' and Mechanics', .
1848
172,553
63,581
56,261
"West Newbury, ....
1828
-
4,163
895
Whiting,
1899
41,965
11,903
5,829
Worcester Mutual,
1824
139,970
40,389
46,781
$2,195,137
$787,863
$667,987
Manufacturers* Mutuals.
Arkwright,
1860
$1,283,447
$88,934
$69,322
Boston Manufacturers',
1850
1,567,364
115,992
100,970
Cotton and Woolen, .
1875
416,168
52,979
42,533
Fall River Manufacturers', .
1870
491,425
25,273
25,755
Industrial,
1890
273,824
39,621
32,326
Paper Mill,
1887
130,790
10,699
9,929
Rubber Manufacturers',
1885
376,286
49,989
40,226
Worcester Manufacturers',
1855
551,136
42,686
27,812
$5,090,440
$426,173
$348,873
$7,285,577
$1,214,036
$1,016,860
XXIV
REPORT OF THE
Table IV. — Massachusetts Mutual Fire- Marine Insurance Com-
panies.
NAME OF COM-
PANY.
Com-
menced
Business.
Guaranty
Fund.
Scrip
Out-
standing.
Admitted
Assets.
Liabili-
ties.*
Deficiency
In
1904.
Deficiency
in
1903.
China,
India,! •
1853
1867
$152,000
$506,090
150,471
$243,758
267,662
$181,875
85,618
$444,206
97,031
$405,303
98,842
Totals, .
•
$152,000
$656,561
$511,420
$267,493
$541,237
$504,145
* Including unearned premiums, but not including cash or stock-note guaranty fund or out-
standing scrip.
t Company commenced to do fire business in 1894.
Table V. — Massachusetts Mutual Fire-Marine Insurance Companies.
NAME OF COMPANY.
Income.
Disburse-
ments.
Premiums.
Losses
Paid.
Expenses.
China,
India,
$288,977
127,111
$323,166
127,779
$277,807
120,307
$247,385
80,352
$51,040
41,786
Totals,
$416,088
$450,945
,114
$327,737
$92,826
Table VI. — Massachusetts Joint-Stock Insurance Companies.
NAME OF COMPANY.
Cash
Capital.
Admitted
Assets.
Liabilities.
8urplus to
Policy
Holders
Dec. 31,
1904.
Expenses.*
American,
Boston,
Mercantile Fire and Marine,
8pringfield Fire and Marine,
$300,000
1,000,000
400,000
2,000,000
$684,715
3,959,134
701,225
6,416,661
$323,033
1,089,222
228,011
2,880,581
$361,682
2,869,912
473,214
3,536,080
$177,958
526,260
117,423
1,275,002
Totals
$3,700,000
$11,761,735
$4,520,847
$7,240,888
$2,096,643
* Excluding losses, dividends, return premiums and drawbacks and taxes on real estate.
Table VII. — Massachusetts Joint-Stock Insurance Companies.
Fire Business.
NAME OF COMPANY.
Income.
Disburse-
ments.
Amount at
Risk
Dec. 31,
1904.
Premiums.
Losses
Paid.
American
Boston,
Mercantile Fire and Marine,
Springfield Fire and Marine, .
$511,998
1,701,425
372,378
3,899,211
$602,730
1,656,877
391,324
3,663,592
$46,875,191
98,919,749
31,796,085
442,061,692
$422,264
636,700
322,216
3,500,605
$406,773
583,899
239,506
2,188,590
Totals,
$6,485,012
$6,314,523
|$619,652,717
$4,881,785
$3,418,768
Marine Business.
Boston,
$12,733,006 $909,305 $404,829
INSURANCE COMMISSIONER.
XXV
Table VIII. — Insurance Companies of Other States.
Surplus to
NAME OF COMPANY.
Cash
Capital.
Admitted
Assets.
Liabilities.
Policy
Holders
Dec. 31,
1904.
Expenses.
^Etna
$4,000,000
$15,556,175
$5,075,953
$10,480,222
$1,848,585
Agricultural, ....
500,000
2,651,323
1,343,168
1,308,155
515,450
Albany, ...
250,000
627,373
161,255
466,118
75,248
American, ....
600,000
5,186,218
2,603,477
2,582,741
776,838
American Central, .
1,000,000
3,799,670
1,669,189
2,130,481
734,811
American Fire,
500,000
2,812,544
2,152,801
659,743
643,363
American Lloyds, .
-
724,466
221,559
502,907
89,830
American Mutual Fire, .
-
306,371
118,176
188,195
12,741
Assurance Co. of America,
400,000
971,492
393,666
577,826
153,234
Atlantic Mutual,
-
12,638,243
3,304,111
9,334,132
620,435
Blackstone Mutual, .
._
778,125
295,544
482,581
33,496
British American, .
200,000
466,470
215,275
251,195
69,943
Buffalo Commercial,
200,000
502,096
201,866
300,230
89,725
Buffalo G-erman,
200,000
2,315,520
539,694
1,775,826
213,632
Caledonian- American,
200,000
304,535
15,137
289,398
4,392
Camden Fire
400,000
1,360,889
538,320
822,569
243.235
Capital Fire, ....
200,000
525,330
248,991
276,339
101,608
Central Mfrs.' Mutual, .
-
181,933
106,226
75,707
50,882
Citizens' (St. Louis),
200,000
726,018
376,299
349,719
177,526
Colonial Assurance,
200,000
589,100
325,172
263,928
176,898
Colonial Fire, ....
200,000
316,996
107,703
209,293
54,177
Columbia, ....
400,000
503,168
61,740
441,428
21,584
Commerce
200,000
475,308
171,575
303,733
84,061
Commercial Union Fire, .
200,000
489,796
205,466
284,330
69,974
Commonwealth,
500,000
1,312,009
351,249
960,760
119,785
Concordia Fire,
200,000
1,071,012
685,330
385,682
319,427
Connecticut Fire,
1,000,000
5,253,017
2,932,526
2,320,491
1,139,029
Continental, ....
1,000,000
14,358,392
6,633,643
7,724,749
2,250,234
Delaware
702,875
1,705,590
888,893
816,697
350,031
Detroit Fire and Marine,
500,000
1,579,058
364,416
1,214,642
139,956
Dutchess,
200,000
827,713
517,847
309,866
215,002
Eastern, ....
200,000
409,988
97,121
312,867
43,377
Empire City Fire, .
200,000
360,879
121,683
239,196
73,237
Enterprise Mutual Fire, .
-
289,466
118,336
171,130
12,646
Equitable Fire and Marine, .
400,000
1,238,341
705,905
532,436
312,953
Farmers' Fire, ....
_
836,340
510,204
326,136
220,871
Federal,
500,000
2,051,576
872,530
1,179,046
312,573
Fire Association,
500,000
6,507,840
5,053,809
1,454,031
1,434,046
Fire Ins. Co., Co. of Phila,
400,000
967,573
404,319
563,254
102,804
Fireman's Fund,
1,000,000
6,322,993
3,267,164
3,055,829
1,404,833
Firemen's (Newark),
1,000,000
3,539,143
891,623
2,647,517
355,612
Firemen's Mutual, .
-
1,303,491
441,228
862,263
46,040
Franklin Fire, ....
400,000
2,999,641
1,674,453
1,325,188
326,593
German (Freeport),
200,000
5,737,864
3,657,263
2,080,601
1,298,541
German Alliance,
400,000
1,269,064
406,409
862,655
141,540
German American, .
1,500,000
12,812,386
5,648,861
7,163,525
1,819,186
German American Fire, .
200,000
391,164
118,965
272,199
46,322
German Fire (Peoria), .
200,000
743,542
406,396
337,146
181,114
German Fire (Pittsburgh),
200,000
746,742
459,089
287,653
208,365
Germania Fire,
1,000,000
6,283,655
2,718,739
3,564,916
876,190
Girard Fire and Marine, .
300,000
2,133,104
1,168,151
964,953
252,224
Glens Falls, ....
200,000
4,109,134
1,469,734
2,639,400
558,831
Granite State Fire, .
200,000
685,999
358,268
327,731
131,08)
Hanover Fire, ...
1,000,000
4,043,195
2,494,477
1,548,718
1,062,824
Hartford Fire, ....
1,250,000
14,421,639
9,762,950
4,658,689
4,107,049
Home, .....
3,000,000
19,417,329
9,041,008
10,376,321
2,881,001
Home Fire and Marine, .
300,000
1,568,712
893,038
675,674
403,230
Hope Mutual Fire, .
-
310,946
150,363
160,583
24,985
Indemnity Fin*,
200,000
462,100
205,414
256,686
101,163
Indianapolis Fire, .
200,000
510,187
230,267
279,920
113,251
XXVI
REPORT OF THE
Table VIII. — Insurance Companies of Other States — Concluded.
Surplus to
NAME OF COMPANY.
Cash
Capital.
Admitted
Assets.
Liabilities.
Policy
Holders
Dec. 31,
1904.
Expenses.
Ins. Co. of North America,
$3,000,000
$11,878,262
$6,383,374
$5,494,888
$2,359,577
Ins. Co. State of Pennsylvania,
200,000
608,857
354,546
254,311
74,066
Lumber, . . . .
200,000
364,525
81,807
282,718
32,721
Lumberman's Mutual, .
-
194,622
76,192
118,430
28,880
Manufacturers' Mutual Fire, .
-
647,017
235,144
411,873
26,439
Mechanics', ....
250,000
1,049,624
587,532
462,092
137,860
Mechanics' Mutual Fire,
-
395,153
159,248
235,905
17,926
Mechanics' and Traders',
300,000
634,183
225,369
408,814
111,308
Mercantile Mutual Fire, .
-
212,967
104,062
108,905
26,477
Merchants' Mutual Fire,
-
405,796
145,587
260,209
16,509
Middlesex Mutual, .
_
902,263
219,338
682,925
55,289
Millers' National,
200,000
922,280
248,183
674,097
111,638
Milwaukee Fire,
200,000
607,034
296,442
310,592
128,418
Milwaukee Mechanics', .
200,000
2,875,066
1,499,676
1,375,390
593,015
Nassau Fire, ....
200,000
696,311
282,132
414,179
153,798
National Fire
1,000,000
6,436,175
3,844,803
2,591,372
1,308,138
National Union Fire,
750,000
1,821,784
785,698
1,036,086
377,949
Newark Fire, ....
250,000
718,953
178,040
540,913
91,729
New Hampshire Fire,
1,000,000
3,911,743
1,713,885
2,197,858
674,206
New York Fire,
200,000
535,861
273,526
262,335
170,411
Niagara Fire, ....
500,000
4,260,304
2,318,756
1,941,548
1,019,892
North British and Mercantile,
200,000
756,015
138,702
617,313
53,946
Northern,
350,000
721,283
300,749
420,534
161,768
North German Fire,
200,000
502,668
249,329
253,339
136,926
North River, ....
350,000
1,481,183
774,436
706,747
407,736
Northwestern National, .
600,000
3,812,117
2,062,693
1,749,424
713,143
Orient,
500,000
2,200,985
1,083,437
1,117,548
397,844
Pawtucket Mutual Fire, .
-
444,174
196,262
247,912
37,135
Pelican Assurance, .
200,000
489,606
220,803
268,803
111,202
Pennsylvania Fire, .
400,000
6,386,711
3,443,725
2,942,986
989,473
Phenix,
1,000,000
7,943,137
5,316,415
2,626,722
2,204,511
Philadelphia Mfrs ' Mut. Fire,
-
308,902
130,539
178,363
24,796
Phoenix,
2,000,000
7,073,218
3,472,394
3,600,824
1,461,165
Providence Mutual Fire,
-
572,228
163,727
408,501
25,815
Providence- Washington,
500,000
2,640,599
1,875,961
764,638
763,115
Queen,
1,000,000
6,111,169
2,966,227
3,144,942
1,099,365
Reliance,
300,000
1,127,079
692,169
434,910
250,882
Rhode Island Mutual Fire,
-
880,160
315,601
564,559
35,452
Rochester German, .
200,000
1,515,750
935,284
580,466
426,707
Security
400,000
1,597,420
915,348
682,072
365,871
Security Fire
200,000
427,093
191,355
235,738
130,618
Spring Garden,
400,000
1,650,156
1,130,851
519,305
340,624
Star Fire,
200,000
313,806
101,968
211,838
80,807
State Mutual Fire, .
-
1,167,080
495,015
672,065
56,424
St. Paul Fire and Marin.-,
500,000
3,966,191
2,467,399
1,498,792
1,082,227
Teutonia
250,000
807,773
476,898
330,875
225,858
Traders', ...
500,000
2,806,424
1,320,509
1,485,915
569,266
Union,
200,000
623,687
299,181
324,506
148,645
Union Mutual Fire, .
-
358,218
104,464
253,754
7,637
United Firemen's, .
300,000
1,757,741
1,296,395
461,346
194,383
United States Fire, .
250,000
731,912
447,461
284,451
193,709
United States Lloyds,
-
1,191,720
728,-567
463,153
242,625
Victoria Fire, .
200,000
350,539
107,281
243,258
49,978
Westchester Fire, .
300,000
3,587,880
1,946,705
1,641,175
834,826
Western,
300,000
624,792
287,964
336,828
136,099
What Cheer Mutual Fire,
_
335,841
165,829
170,012
28,127
Williamsburgh City Fire,
250,000
2,584,999
1,046,456
1,538,543
469,630
Totals
$49,602,875
! $293,319,019
$144,055,476
1
$149,263,543
$52,222,245
INSURANCE COMMISSIONER.
XXV11
Table IX. — Insurance Companies of Other States.
Fire Business,
NAME OF COMPANY.
Income.
Disburse-
ments.
Amount at
Risk
Dec. 31, 1904.
Premiums.
Losses
Paid.
^Etna, ....
$6,438,816
$6,209,263
$674,505,508
$5,517,601
$3,358,449
Agricultural,
1,402,962
1,389,435
242,885,500
1,289,698
822,996
Albany, ....
243,284
209,450
29,050,432
210,068
110,833
American, ....
2,213,695
1,999,727
396,610,289
2,028,857
1,119,447
American Central, .
2,091,324
2,057,157
241,679,787
1,929,717
1,199,809
American Fire, .
1,901,042
1,892,724
234,817,647
1,742,999
1,166,222
American Lloyds,
278,038
200,200
28,743,358
255,822
64,472
American Mutual Fire, .
242,211
215,409
27,483,804
231,351
11,680
Assurance Co. of America,
458,508
683,451
49,022,380
421,756
512,418
Atlantic Mutual,
3,385,736
2,889,232
-
-
-
Blackstone Mutual, .
609,029
571,714
70,223,545
578,980
56,113
British American,
245,935
258,516
35,517,174
195,899
173,069
Buffalo Commercial,
275,937
222,889
29,350,469
260,414
117,042
Buffalo German,
626,304
518,722
87,036,061
511,175
238,133
Caledonian-American,
19,371
18,752
1,758,090
9,671
5,360
Camden Fire,
705,486
589,024
68,995,424
643,988
318,943
Capital Fire,
308,328
253,493
34,478,547
284,638
128,292
Central Manfrs.' Mutual, .
204,210
168,973
8,865,899
199,736
94,958
Citizens' (St. Louis),
496,763
513,318
47,393,103
471,739
335,792
Colonial Assurance, .
502,666
493,178
37,052,483
481,296
300,509
Colonial Fire, .
160,865
149,932
13,058,338
146,999
85,680
Columbia, ....
88,528
88,070
-
-
-
Commerce,
229,977
205,634
25,508,795
206,642
104,549
Commercial Union Fire, .
253,981
206,861
25,532,536
240,969
126,887
Commonwealth,
426,452
361,882
42,476,500
363,172
193,921
Concordia Fire,
737,065
655,749
107,893,080
697,711
322,017
Connecticut Fire,
3,234,820
3,102,525
419,088,911
3,037,203
1,834,134
Continental,
6,507,734
6,816,734
1,061,834,334
5,920,807
3,678,369
Delaware, .
903,982
965,685
117,784,976
825,797
589,484
Detroit Fire & Marine,
478,806
460,331
46,542,764
340,398
210,720
Dutchess
651,268
613,880
72,844,304
606,821
386,859
Eastern, ....
140,486
100,766
8,147,029
123,947
83,390
Empire City Fire,
234,296
171,406
17,312,618
225,115
91,569
Enterprise Mutual Fire, .
241,704
214,955
27,521,491
231,546
11,680
Equitable Fire & Marine, .
895,565
942,330
89,288,173
812,847
568,445
Farmers' Fire, .
546,742
623,858
70,310,714
513,861
401,184
Federal, ....
1,153,201
830,737
24,897,889
327,569
146,270
Fire Association,
4,184,771
4,084,531
545,048,338
3,848,013
2,314,822
FirelD8.Co.,Co.ofPhila„
294,684
254,581
37,947,767
247,652
111,015
Fireman's Fund,
4,492,357
3,822,404
420,741,156
3,775,985
2,005,458
Firemen's (Newark),
1,118,250
881,858
156,067,978
956,926
395,388
Firemen's Mutual, .
938,026
874,224
105,922,195
868,856
65,607
Franklin Fire, .
887,875
1,014,011
158,285,478
761,401
549,012
German (Freeport),
3,607,120
2,832,590
502,910,750
3,414,399
1,445,940
German Alliance,
507,771
483,707
60,976,044
458,643
302,167
German American, .
5,848,129
5,265,896
916,013,252
5,326,190
3,071,517
German American Fire, .
296,361
439,981
21,841,915
115,934
377,671
German Fire (Peoria),
538,748
524,527
55,787,644
510,215
316,391
German Fire (Pittsburgh),
625,210
455,537
63,442,438
494,840
222,869
Germania Fire, .
2,710,164
2,438,135
505,400,605
2,414,277
1,301,614
Girard Fire & Marine,
681,610
592,277
137,666,044
544,487
213,669
Glens Falls, ...
1,609,470
1,487,281
238,255,069
1,369,356
808,450
Granite State Fire, .
434,390
406,504
49,162,659
409,181
247,113
Hanover Fire, .
2,875,631
2,957,501
423,679,714
2,685,569
1,794,472
Hartford Fire, .
12,511,848
11,757,106
1,431,569,959
11,986,355
7,107,573
Home, ....
9,335,767
8,682,457
1,298,270,327
8,224,383
5,141,987
Home Fire & Marine,
1,182,496
1,059,081
109,331,576
1,075,654
588,662
Hope Mutual Fire, .
312,102
283,862
31,304,105
285,380
23,907
Indemnity Fire,
287,874
285,250
26,429,688
273,818
184,087
Indianapolis Fire,
315,646
270,671
25,974,518
296,963
144,705
XXV111
REPORT OF THE
Table IX. — Insurance Companies of Other States — Continued.
Fire Business — Concluded.
NAME OF COMPANY.
Income.
Disburse-
ments.
Amount at
Risk
Dec. 31, 1904.
Premiums.
Losses
Paid.
Ine. Co. of N. America, .
$7,651,604
$7,118,839
$712,314,883
$5,356,830
$3,284,925
Ins. Co. State of Penn., .
218,320
193,825
20,410,443
181,053
72,216
Lumber
423,195
60,119
6,912,974
119,426
27,398
Lumberman's Mutual,
147,075
89,355
5,123,804
142,553
26,878
Manufrs.' Mutual Fire,
479,750
437,989
56,491,594
460,630
37,389
Mechanics',
373,632
338,976
53,623,326
312,147
166,359
Mechanics' Mutual Fire, .
323,259
285,268
37,986,607
311,760
14,058
Mechanics' & Traders', .
369,678
327,257
31,129,906
343,831
214,960
Mercantile Mutual Fire, .
208,820
206,324
21,475,768
200,135
31,837
Merchants' Mutual Fire, .
299,997
277,644
34,381,884
284,424
21,331
Middlesex Mutual, .
164,732
160,861
49,995,612
124,622
103,746
Millers' National,
575,038
415,273
31,322,273
183,869
303,635
Milwaukee Fire,
342,438
289,517
40,469,087
306,593
161,099
Milwaukee Mechanics', .
1,582,490
1,585,151
205,700,488
1,445,268
901,421
Nassau Fire,
450,409
407,676
43,371,515
430,124
233,072
National Fire, .
4,676,644
4,767,333
593,590,874
4,423,660
2,898,014
National Union Fire,
1,031,098
867,874
99,787,746
951,861
489,926
Newark Fire,
219,649
195,464
33,219,814
193,600
77,332
New Hampshire Fire,
1,959,581
2,081,187
239,437,922
1,782,481
1,289,320
New York Fire,
444,935
416,715
39,401,580
430,339
228,933
Niagara Fire,
3,377,761
2,592,536
364,632,359
2,652,912
1,472,624
N. British & Mercantile, .
195,687
128,546
34,644,568
169,953
54,600
Northern, ....
428,901
505,472
44,546,649
404,052
337,148
North German Fire, .
421,570
340,795
27,615,004
348,673
191,869
North River,
1,258,956
974,453
107,341,464
1,043,085
534,095
Northwestern National, .
1,591,288
1,436,451
337,681,029
1,451,622
632,330
Orient, ....
1,238,059
1,213,070
157,475,778
1,117,371
729,023
Pawtucket Mutual Fire, .
126,135
114,564
26,341,922
107,660
50,823
Pelican Assurance, .
360,293
355,604
34,705,782
297,655
244,402
Pennsylvania Fire, .
3,061,855
2,961,207
484,006,752
2,776,450
1,827,256
Phenix, ....
6,147,511
5,798,843
792,488,259
5,875,727
3,396,232
Phila. Mfrs.' Mutual Fire,
289,690
267,188
28,245,151
276,081
22,526
Phoenix, ....
4,221,139
3,920,741
560,327,114
3,964,908
2,170,562
Providence Mutual Fire, .
105,070
84,905
29,237,943
80,524
35,310
Providence-Washington, .
2,428,046
2,281,590
237,564,509
1,985,630
1,228,259
Queen, ....
3,616,007
4,071,983
410,885,501
3,344,964
2,357,836
Reliance, ....
651,666
724,242
82,781,201
600,105
440,698
R. I. Mutual Fire, .
647,917
591,425
75,641,564
617,982
48,242
Rochester German, .
1,205,702
1,303,822
130,559,232
1,107,458
847,218
Security, ....
983,659
837,595
137,505,857
890,905
417,156
Security Fire, .
498,451
390,828
25,515,571
315,478
256,210
Spring Garden, .
1,037,433
951,148
133,780,480
920,513
538,903
Star Fire, ....
204,288
144,527
11,548,741
195,952
63,721
State Mutual Fire, .
1,009,437
941,013
117,358,967
969,135
70,599
St. Paul Fire & Marine, .
3,498,391
3,187,273
280,398,357
2,816,142
1,732,486
Teutonia, ....
696,408
694,093
56,593,512
650,157
433,911
Traders', ....
1,633,929
1,573,790
177,558,119
1,521,614
952,819
Union, ....
573,704
441,983
43,504,037
330,173
281,712
Union Mutual Fire, .
55,897
42,314
18,634,374
31,994
11,471
United Firemen's,
589,348
601,235
110,496,424
466,228
319,510
United States Fire, .
480,051
529,175
63,152,409
454,018
322,304
United States LloydH,
736,200
533,409
-,
-
-
Victoria Fire,
171,829
172,052
16,578,353
162,089
122,074
Westchester Fire,
2,211,211
2,211,204
336.655,331
2,02S,04l
1,296,086
Western, ....
374,765
381,641
42,234,^38
346,513
226,239
What Cheer Mutual Fire, .
333,018
319,241
35,016,144
320,336
26,148
Williamsburgh City Fire, 1
1,322,929
1,255,541
182,480,777
1,148,288
695,091
Totals,
$164,757,962
$154,418,080
$19,949,423,443
$142,006,880
$82,625,133
INSURANCE COMMISSIONER.
XXIX
Table IX. — Insurance Companies of Other States — Concluded.
Marine Business.
NAME OF COMPANY.
Amount at
Risk
Dec. 31,1904.
Premiums.
Losses
Paid.
^Etna,
Atlantic Mutual,
Colonial Assurance, .
Columbia, ....
Detroit Fire and Marine, .
Equitable Fire and Marine,
Federal, ....
Fireman's Fund,
Home
Home Fire and Marine,
Insurance Co. of North America,
Mechanics' and Traders', .
Northwestern National,
Orient,
Providence-Washington, .
Security,
8t. Paul Fire and Marine,
Teutonia,
United States Fire, .
United States Lloyds,
Totals, . .
$7,245,650
131,675,520
3,976,904
866,512
243,281
40,833,541
7,579,209
12,456,205
534,088
6,571,245
3,265,100
6,047,267
209,065
3,833,777
10,480,122
$235,817,486
$331,187
2,785,827
71,283
65,431
23,574
758,050
489,403
266,718
40,529
1,819,416
4,111
4,132
356,214
21,725
425,088
21,290
652,984
$8,136,962
$212,520
824,156
1,571
66,486
54,030
20,365
321,895
257,764
174,516
25,782
1,048,538
639
1,305
240,216
14,302
272,206
4,508
3,642
240,784
$3,785,225
XXX
REPORT OF THE
Table X. — United States Branches, Foreign Companies.
[All companies in this list have a deposit capital of $200,000, except those doing a marine
business, which have a deposit capital of $300,000, and are marked by an asterisk (*). Under
section 94, chapter 118, Revised Laws, all general deposits in excess of what is sufficient to
enable the company to comply with the law as regards capital are counted as surplus funds.]
NAME OF COM-
PANY.
Location.
Amount at
Risk
Dec. 31, 1904.
Admitted
Assets.
Liabilities.
Surplus to
Policy
Holders
Dec. 31, 1904.
Aachen & Munich Fire,
Aix-la-Chapelle,
$105,713,446
$1,166,140
$802,633
$363,607
Alliance Assurance,
London, .
44,548,616
888,460
360,262
528,198
Atlas Assurance, .
London, .
145,503,706
1,679,849
1,021,304
658,545
British Am. Assurance,
Toronto, .
136,985,511
1,365,257
1,069,196
296,061
British & For. Marine,*
Liverpool,
9,787,377
1,138,419
667,339
471,080
Caledonian, .
Edinburgh,
175,945,723
1,670,744
1,164,638
506,106
Cologne Reinsurance, .
Cologne, .
87,565,633
796,230
519,883
276,347
Commercial Union Ass ,
London, .
612,026,034
5,152,065
3,789,050
1,363,015
Hamburg-Bremen Fire,
Hamburg,
215,305,490
1,906,176
1,605,386
300,790
Law, Union & Crown, .
London, .
44,750,350
755,151
331,776
423,375
Liverp. & Lon. & Globe,
Liverpool,
1,034,960,745
11,356,018
7,060,254
4,295,764
London Assur. (Fire), .
London, .
215,906,271
2,180,821
1,401,200
779,621
London Ass. (Marine),*
London, .
6,026,080
555,764
168,108
387,656
Lon. & Lancashire Fire,
Liverpool,
354,778,443
2,766,533
2,044,950
721,583
Mannheim,* .
Mannheim,
23,176,003
461,696
156,002
305,694
Marine,* ....
London, .
44.624,555
779,539
189,566
589,973
Moscow Fire, .
Moscow, .
84,882,141
965,768
587,412
378,356
Munich Reinsurance, .
Munich, .
365,827,558
3,450,176
2,683,503
766,673
National Assurance,
Dublin, .
40,135,077
586,746
353,222
233,524
No. British & Mercantile,
London, .
588,896,579
5,898,886
3,543,964
2,354,922
Northern Assurance, .
London, .
349,047,472
3,770,410
2,518,390
1,252,020
Norwich Union Fire,
Norwich,
287,456,989
2,704,151
1,869,352
834,799
Palatine, ....
London, .
157,779,435
1,970,244
222,991
1,747,253
Phoenix Assurance, ,
London, .
316,167,518
3,110,703
2,141,555
969,148
Prussian National,
Stettin, .
89,149,775
1,131,797
679,167
452,630
Rossia
St. Petersburg,
64,707,477
974,926
570,716
404,210
Royal
Liverpool,
841,589,085
8,165,052
5,370,072
2,794,980
Royal Exchange Ass., .
London, .
187,198,283
2,191,557
1,460,360
731,197
Salamandra, .
St. Petersburg,
119,637,683
1,206,231
949,758
256,473
Scottish Union 8s Nat'l,
Edinburgh,
295,068,012
4,546,825
1,877,325
2,669,500
Skandia
Stockholm,
90,372,769
963,582
671,894
291,688
State Fire,
Liverpool,
17,337,513
336,982
149,025
187,957
Sun, ....
London, .
356,039,198
2,959,110
2,123,060
836,050
Svea Fire & Life, .
Gothenburg, .
49,751,457
806,277
475,922
330,355
Thames & Mersey Mar.,*
Liverpool,
6,672,997
552,322
316,160
236,162
Union Assurance, .
London, .
137,447,859
1,642,525
909,726
732,799
Union Marine,*
Liverpool,
8,757,895
599,288
232,340
366,948
Western Assurance,
Toronto, .
250,036,790
2,262,073
1,734,277
527,796
$7,961,563,545
$85,414,493
$53,791,638
$31,622,855
INSURANCE COMMISSIONER.
XXXI
Table XI. — United States Branches, Foreign Companies.
NAME OF COMPANY.
Income.
Disburse-
ments.
Expenses.
Premiums.
Losses
Paid.
Aachen & Munich Fire,
Alliance Assurance, .
Atlas Assurance,
British America Assurance,
British & Foreign Marine, .
Caledonian, ....
Cologne Reinsurance,
Commercial Union Assurance,
Hamburg-Bremen Fire,
Law, Union & Crown,
Liverpool & London & Globe,
London Assurance (Fire),
London Assurance (Marine),
London & Lancashire Fire,
Mannheim, ....
Marine,
Moscow Fire,
Munich Reinsurance, .
National Assurance, .
North British & Mercantile
Northern Assurance, .
Norwich Union Fire, .
Palatine,
Phoenix,
Prussian National,
Rossia, ....
Royal, ....
Royal Exchange Assurance,
Salamandra,
Scottish Union & National,
Skandia,
State Fire, .
Sun
Svea Fire & Life,
Thames & Mersey Marine,
Union Assurance,
Union Marine,
Western Assurance, .
Totals, .
$1,204,654
952,051
1,980,132
1,575,582
1,105,406
$1,029,905
847,718
1,456,705
1,577,447
1,287,162
1,402,554
577,969
5,128,941
1,978,177
555,450
1,335,340
513,698
4,134,372
1,843,414
532,667
7,815,715
1,798,206
356,233
2,282,340
624,192
7,830,925
1,713,362
345,313
2,018,546
659,723
658,982
955,709
4,262,957
536,699
4,697,016
492,250
672,380
4,032,299
564,959
4,292,848
3,723,600
2,785,973
1,509,296
3,136,369
795,166
3,120,218
2,702,736
1,370,654
2,923,324
702,404
1,492,086
6,730,285
2,050,196
1,515,064
2,149,957
400,313
6,808,110
1,962,921
1,355,449
2,010,843
963,874
290,477
2,984,065
614,013
579,696
958,122
291,465
2,759,262
563,548
583,173
1,737,154
557,540
2,814,322
1,662,939
507,833
2,853,851
$76,878,098
$70,718,198
$381,241
157,702
482,552
510,836
220,033
481,616
166,254
1,698,601
677,641
145,614
2,387,636
546,498
103,424
751,279
201,640
146,024
266,992
1,159,497
154,945
1,393,314
839,581
795,590
490,536
931,861
291,774
279,014
1,817,562
666,071
376,164
693,110
255,907
74,546
863,614
229,022
107,520
405,608
99,634
888,442
$22,138,895
$984,146
471,034
1,378,230
1,512,029
717,361
1,311,739
555,383
4,673,863
1,806,768
412,385
6,974,168
1,567,405
337,633
2,173,727
612,442
638,112
924,366
3,812,638
377,684
4,080,388
2,479,964
2,126,045
1,413,137
2,577,365
762,084
895,178
5,259,041
1,570,124
1,327,605
1,964,274
824,605
210,065
2,329,817
591,887
535,289
1,142,935
404,675
2,639,141
$64,374,732
$634,895
190,694
664,982
1,062,979
206,739
815,357
262,115
2,408,626
1,029,284
328,102
4,928,258
878,168
127,980
1,252,639
329,993
193,825
405,389
2,872,802
409,036
2,870,467
1,877,334
1,662,145
880,118
1,991,463
372,016
121,299
3,369,200
1,220,769
828,543
1,288,679
546,137
179,799
1,706,763
309,813
270,183
957,463
376,360
1,962,533
$41,792,947
XXX11
REPORT OF THE
Table XII. — Massachusetts Business for 1904.
Massachusetts Mutual Fire Companies.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Losses
Incurred.
Abington,
Annisquam,
Arkwright,
Attleborough, .
Barnstable County,
Berkshire,
Boston Manufacturers',
Bristol County,
Cambridge,
Citizens', .
Cotton and "Woolen,
Dedham, .
Dorchester,
Fall River Manufacturers
Fitchburg,
G-roveland,
Hampshire,
Hingham,
Holyoke, .
Industrial,
Lowell,
Lumber, .
Lynn,
Merchants' and Farmers
Merrimack,
Middlesex,
Mutual Fire Assurance,
Mutual Protection, .
Newburyport, .
Norfolk, .
Paper Mill,
Quincy,
Rubber Manufacturers',
Salem,
Salisbury and Amesbury
Saugus,
South Danvers,
Traders' and Mechanics'
West Newbury,
Whiting, .
Worcester Manufacturers',
Worcester,
Totals,
$2,154,749
65,463,539
985,599
2,358,104
3,273,413
75,468,703
288,300
4,524,604
6,436,070
6,598,410
2,375,309
13,152,016
22,175,919
4,459,890
342,896
972,127
5,938,296
8,055,489
3,662,216
3,505,253
1,555,127
507,074
4,763,591
7,299,190
10,976,197
1,234,800
2,028,123
189,000
6,065,494
6,758,648
7,438,949
5,555,467
2,550,077
865,430
863,430
190,450
8,126,981
219,737
673,885
26,972,134
10,538,064
$337,562,750
$32,975
474,608
9,056
42,237
41,941
548,351
1,817
59,231
82,114
51,306
36,118
223,038
168,981
65,964
15,115
84,509
114,949
27,913
56,753
33,750
6,936
69,703
106,338
163,585
20,049
32,442
2,792
84,636
49,008
112,636
42,529
41,072
7,313
3,724
119,657
6,097
197,365
145,189
$3,381,797
$10,353
229
38,596
3,031
9,821
14,536
38,450
789
51,668
17,708
4,579
8,901
101,428
11,650
18,678
3,189
7,424
31,369
42,344
3,475
16,854
6,934
554
26,439
39,888
57,340
1,272
11,145
482
20,816
7,905
32,756
4,819
21,805
2,725
720
211
43,814
4,163
600
13,683
40,389
$773,532
$10,428
229
36,240
2,331
14,470
16,481
37,477
129
41,154
18,798
4,573
8,901
106,478
10,820
20,043
1,296
8,424
33,800
41,816
3,472
18,915
7,339
375
26,903
42,061
57,407
1,272
12,195
428
20,832
10,041
32,687
4,813
20,344
2,725
720
211
45,425
4,142
600
12,896
40,105
$779,796
INSURANCE COMMISSIONER.
XXX111
Table XII. — Massachusetts Business for 1904 — Continued.
Massachusetts Mutual Fire-Marine Companies.
Fire Business.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Losses
Incurred.
$2,175,452
$24,555
$18,819
$19,867
Marine Business.
$167,841
$168,636
$163,903
Massachusetts Stock Companies.
Fire Business.
American,
Boston, ....
Mercantile Fire and Marine,
Springfield Fire and Marine,
Totals,
$1,655,969
14,572,366
5,474,020
20,260,313
$41,962,668
$14,927
166,857
59,708
201,244
$442,736
$19,638
75,671
32,214
90,641
$218,164
$22,646
80,152
34,119
86,666
$223,583
Marine Business.
Boston,
$51,482,177 $481,532 $240,546
$275,287
Companies of Other States.
Fire Business.
^Etna,
Agricultural, .
Albany, .
American,
American Central,
American Fire,
American Lloyds, .
American Mutual Fire,
Assurance Company of America,
Blackstone Mutual Fire,
British American, .
Buffalo Commercial,
Buffalo German,
Caledonian-American, .
Camden Fire, ....
Capital Fire, ....
Central Manufacturers' Mutual,
Citizens' (Mo.),
Colonial Assurance,
Colonial Fire, ....
$31,740,395
9,169,800
3,829,651
4,704,787
11,296,815
7,009,114
2,961,142
5,951,837
2,750,078
19,846,855
1,354,923
1,250,310
1,800,244
829,867
3,723,765
3,058,723
571,412
4,595,725
2,643,036
2,456,853
$312,443
81,391
36,415
53,168
127,411
71,710
20,735
44,037
23,453
148,198
17,437
10,763
23,039
10,615
43,901
31,156
13,915
62,344
30,897
31,400
$170,264
41,121
15,734
25,255
68,555
19,198
8,587
963
16,049
14,332
12,466
6,193
14,172
5,737
21,155
16,959
1,697
36,807
13,014
11,399
$171,422
47,015
16,135
24,847
70,422
36,706
8,890
983
19,292
13,288
15,808
8,304
15,425
6,395
26,054
19,338
2,102
41,880
15,733
15,263
XXXIV
REPORT OF TUP]
Table XII. — Massachusetts Business for 1904 — Continued.
Companies of Other States — Continued.
Fire Business — Continued.
NAME OF COMPANY.
Risks
Written.
Premiums
Received
Losses
Paid.
Losses
Incurred.
Commerce
$1,426,499
$13,172
$5,752
$7,814
Commercial Union Fire, ....
2,296,963
22,846
8,565
11,560
Commonwealth,
4,869,245
34,419
12,818
12,150
Concordia Fire,
2,224,422
28,427
16,308
20,529
Connecticut Fire,
13,326,500
143,927
81,503
68,748
Continental,
13,932,254
204,211
128,349
122,454
Delaware,
4,956,880
68,671
31,771
27,806
Detroit Fire and Marine, ....
1,176,512
10,244
5,903
8,625
Dutchess,
3,498,929
47,370
32,702
31,052
Eastern Fire,
47,750
583
-
-
Empire City Fire,
1,609,642
11,507
8,216
5,544
Enterprise Mutual Fire, ....
5,954,064
43,994
964
984
Equitable Fire and Marine, ....
5,976,054
59,619
25,066
26,921
Farmers' Fire,
3,473,003
47,094
32,530
39,878
Federal,
2,323,430
17,011
4,237
4,927
Fire Association,
17,071,447
185,956
97,277
109,177
Fire Insurance Co , County of Philadelphia,
933,560
8,124
4,602
4,580
Fireman's Fund,
11,501,979
120,192
65,662
73,967
Firemen's,
6,413,216
62,512
29,241
33,522
Firemen's Mutual,
34,467,805
257,666
21,454
19,894
Franklin Fire,
3,244,451
33,655
10,554
9,822
German (111.),
7,817,307
77,366
37,861
41,671
German Alliance,
2,688,262
26,510
16,484
17,499
German American,
23,571,674
227,914
111,793
109,391
German American Fire, ....
339,900
3,774
1,012
2,504
German Fire (111.)
898,410
7,649
3,657
3,657
German Fire (Pa.),
4,830,740
52,293
27,896
31,557
Germania Fire, . .
9,480,297
94,923
22,877
31,158
Girard Fire and Marine, ....
2,691,167
22,525
14,423
15,972
Glens Falls,
5,313,969
39,464
15,644
18,313
Granite State Fire
7,009,904
64,771
35,357
37,022
Hanover Fire,
8,808,112
94,352
33,381
32,686
Hartford Fire,
27,130,103
287,397
97,918
103,772
Home,
54,476,730
441,188
410,473
394,243
Home Fire and Marine,
5,032,795
50,804
20,095
25,964
Hope Mutual Fire
2,905,515
23,381
355
322
Indemnity Fire,
1,071,056
11,437
7,531
7,121
Indianapolis Fire,
293,959
3,609
1,066
3,169
Insurance Co. of North America,
27,693,336
285.248
163,204
160,199
Insurance Co., State of Pennsylvania, .
1,038,261
12,443
12,315
13,237
Lumber
92,800
1,379
-
-
Lumbermen's Mutual
524,144
13,639
1,217
1,217
Manufacturers' Mutual Fire,
15,238,910
114,003
8,400
7,528
Mechanics'
1,113,448
11,307
7,527
11,688
Mechanics' Mutual Fire, ....
8,886,556
66,645
2,803
2,279
Mechanics' and Traders', ....
2,767,109
24,544
12,348
10,693
Mercantile Mutual Fire, ....
1,381,212
11,901
1,668
1,668
Merchants' Mutual,
8,496,341
62,750
6,479
6,421
Middlesex Mutual,
1,274,198
16,618
30,080
33,942
Millers' National
211,500
2;274
2,639
3,164
Milwaukee Fire,
360, 131
3,531
1,701
1,899
Milwaukee Mechanics', .....
2,238,436
25,955
14,963
14,955
Nassau Fire,
2,806,223
25,254
6,354
8,906
National Kire
20,650,886
176,771
91,014
82,851
National Union Fire,
4,949,003
51,538
15,772
20,272
INSURANCE COMMISSIONER.
XXXV
Table XII. — Massachusetts Business for 1904 — Continued.
Companies op Other States — Concluded.
Fire Business — Concluded.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Losses
Incurred.
Newark Fire,
$514,570
$4,962
$4,472
$5,988
New Hampshire Fire
15,798,736
145,835
85,783
82,309
New York Fire
2,324,576
15,284
6,232
6,879
Niagara Fire,
20,138,286
235,803
118,456
113,521
North British and Mercantile,
3,091,145
20,752
6,835
5,293
Northern, .
2,575,071
21,858
5,979
9,919
North German Fire
639,567
5,756
7,169
7,605
North River
4,941,094
59,303
12,131
19,588
Northwestern National, . . ■ .
3,226,443
26,757
8,569
8,882
Orient,
5,971,224
45,114
22,159
26,027
Pawtucket Mutual Fire, ....
1,068,391
40,099
18,414
20,200
Pelican Assurance,
1,857,811
11,350
7,275
8,458
Pennsylvania Fire
11,526,047
137,078
51,110
53,894
Phenix,
18,476,018
215,717
84,324
82,889
Philadelphia Manufacturers' Mutual, .
2,347,558
18,353
1,313
1,328
Phoenix,
20,340,519
197,700
104,274
85,060
Providence Mutual Fire, ....
1,152,899
12,469
3,911
3,911
Providence-Washington, ....
12,614,240
129,011
65,023
60,788
Queen,
14,065,632
135,506
53,900
55,665
Reliance,
3,992,504
37,870
13,917
14,850
Rhode Island Mutual Fire, ....
21,152,706
160,661
12,712
11,622
Rochester German,
5,373,429
66,511
31,861
29,459
Security (Ct.),
7,891,277
75,166
35,098
35,926
Security Fire (Md ),
842,956
9,733
1,347
2,136
Spring Garden,
6,061,771
68,867
33,940
38,015
Star Fire
1,183,412
17,928
7,180
11,319
State Mutual Fire,
36,347,621
274,862
18,164
19,236
St. Paul Fire & Marine
6,434,881
58,399
34,106
37,938
Teutonia,
3,737,389
40,487
25,254
27,001
Traders',
6,466,464
79,482
48,142
40,963
Union
3,783,151
36,811
20,184
20,313
Union Mutual Fire,
265,025
2,936
534
534
United Firemen's,
4,314,982
41,883
16,125
17,667
United States Fire,
5,144,437
50,592
32,984
35,227
Victoria Fire,
965,538
6,206
1,703
2,708
Westchester Fire,
7,315,725
83,692
51,067
49,951
Western,
1,838,385
18,495
16,615
17,108
What Cheer Mutual Fire, ....
. 3,904,844
30,254
528
495
Williamsburgh City Fire, ....
3,508,718
53,440
22,768
22,330
Totals,
*
$799,547,673
$7,743,767
$3,470,996
$3,565,198
Marine Business.
-(Etna, ....
Atlantic Mutual,
Columbia,
Equitable Fire and Marine,
Fireman's Fund,
Home
Insurance Co. of North America,
Orient
Providence- Washington,
St. Paul Fire and Marine,
United States Lloyds,
Totals, .
$3,157,607
47,154,000
510,940
1,096,081
3,240,492
677,900
76,624,247
14,182,140
1,947,994
58,604,773
$207,196,174
$53,293
214,404
8,002
21,216
25,092
15,166
283,954
53,793
26,275
122,015
$823,210
$30,322
68,587
1,185
21,846
23,506
3,041
134,612
783
10,416
16,444
62,439
$373,181
$30,306
68,587
9,263
26,771
34,968
2,194
153,237
20^,525
15,983
80,133
$441,967
XXXVI
REPORT OF THE
Table XII. — Massachusetts Business for 1904 — Continued.
United States Branches, Foreign Companies.
Fire Business.
name op company.
Risks
Written.
Premiums
Received.
Losses
Paid.
Losses
Incurred.
Aachen and Munich, .
Alliance Assurance, .
Atlas Assurance,
British America Assurance,
Caledonian, ....
Cologne Reinsurance,
Commercial Union Assurance,
Hamburg-Bremen,
Law, Union and Crown,
Liverpool and London and Globe,
London Assurance (Fire),
London and Lancashire,
Moscow,
Munich Reinsurance, .
National Assurance, .
North British and Mercantile,
Northern Assurance, .
Norwich Union, .
Palatine, ....
Phoenix Assurance,
Russian National,
Rossia
Royal,
Royal Exchange Assurance,
Salamandra,
Scottish Union and National,
Skandia, ....
State,
Sun, . . .
Svea,
Union Assurance,
Western Assurance,
$3,356,952
4,529,426
7,109,181
3,520,367
8,070,770
4,887,462
14,922,898
6,152,197
2,611,055
30,948,481
7,584,820
13,277,700
4,390,780
25,720,640
3,581,311
19,999,674
15,017,294
12,357,398
12,010,153
9,586,833
4,558,024
2,619,434
41,921,236
12,789,344
5,218,263
9,122,872
7,500,013
1,380,995
12,570,520
2,167,608
9,031,574
6,753,192
Totals,
$325,268,467
$43,594
45,308
61,049
43,366
96,086
47,954
152,453
68,442
15,850
348,559
82,052
90,933
35,654
250,349
51,929
184,712
99,751
120,505
132,226
117,794
38,874
27,944
365,097
124,011
52,733
93,645
54,303
7,872
158,315
24,678
52,334
82,588
$3,170,960
$24,022
18,432
32,583
17,274
58,990
30,477
82,309
30,718
7,591
191,991
43,921
41,206
10,760
119,418
48,429
73,485
48,653
64,380
79,383
74,066
14,142
5,616
190,669
75,691
36,370
51,435
30,699
5,608
86,276
8,970
21,118
71,214
$1,695,896
$24,690
23,263
35,788
18,207
62,370
35,571
73,634
33,433
6,613
171,759
43,344
38,668
12,630
138,355
48,748
59,028
48,792
65,398
83,839
77,582
16,005
10,851
180,336
80,443
42,663
52,727
29,633
4,588
88,707
8,061
24,409
68,963
$1,709,098
Marine Business.
British and Foreign Marine,
Commercial Union Assurance,
London Assurance (Marine),
Mannheim, ....
Marine, ....
Thames and Mersey Marine,
Union Marine,
Totals,
$34,775,714
54,702,205
10,482,131
7,367,677
265,239,238
6,216,045
290,085
$379,073,095
$105,689
30,576
37,786
46,834
53,820
20,798
1,054
$102,258
10,201
22,811
14,618
31,016
29,907
631
$296,557 $211,442
$68,953
34,711
29,260
16,920
31,821
24,034
631
$206,330
Recapitulation.
Fire Business.
Massachusetts mutual fire companies,
Massachusetts mutual fire marine com-
panies,
Massachusetts joint-stock companies,
Compauies of other States,
United States brauches
Totals,
$337,562,750
2,175,452
41,962,668
799,547,673
325,268,467
$1,506,517,010
$3,381,797
24,555
442,736
7,743,767
3,170,960
$14,763,815
$773,532
18,819
218,164
3,470,996
1,695,896
$6,177,407
$779,796
19,867
223,583
3,565,198
1,709,098
$6,297,542
INSURANCE COMMISSIONER.
XXXV11
Table XII. — Massachusetts Business for 1904 — Concluded.
Recapitulation — Concluded.
Marine Business.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Losses
Incurred.
Massachusetts mutual marine companies,
Massachusetts joint-stock companies,
Companies of other States,
United States branches
$12,900,500
51,482,177
207,196,174
379,073,095
$167,841
481,532
823,210
296,557
$168,636
240,546
373,181
211,442
$163,903
275,287
441,967
206,330
$650,651,946
$1,769,140
$993,805
$1,087,487
Table XIII. — Statement of the Receipts and Expenditures of the
Insurance Department for the Year ending Dec. 31, 1904.
[Made pursuant to Revised Laws, chapter 118, section 17.]
Receipts.
Compensation for valuation of life insurance policies,
License fees, tiling statements, certiiicates, etc.,
515,528 97
64,890 25
,419 22
Expenditures.
Commissioner.
Frederick L. Cutting,
Deputy Commissioner.
Frank H. Hardison,
Actuary.
Emma W. Cushman,
Examiner.
William H. Brown,
Clerks.
A. E. Linnell, first,
W. O. Richardson, second,
Minnie F. Whipple, third,
Extra Clerks.
L. G. Hodgkins,
C. E. Weis
M. E. Burrill,.
Amounts carried forward,
$2,000 00
1,500 00
1,200 00
H 1,500 00
1,000 00
1,000 00
$3,500 00
<3,500 00
2,500 00
2,000 00
2,000 00
4,700 00
$14,700 00
XXXV111 REPORT OF THE INSURANCE COMMISSIONER.
Table XIII. — Statement of Receipts, etc. — Concluded.
Amounts brought forward,
E. L. Johnson,
F. M. Robbins,
F. M. Page, .
I. L. Baker,
G. H. Manks, .
G. C. Studley,
G. M. Hall, .
M. Sanborn. .
F. E. Gowell, .
M. L. McMann,
L. H. Young, .
E. G. Stevens,
M. H. Dyer, .
J. S. Davis,
B. B. Hadley, .
K. J. Con nor ton,
S. E. Gould, .
K. L. Seheut'ele,
E. P. Bancroft,
H. L. Richardson,
G. L. Hemenway,
A. Robinson, .
M. F. Yeaton, .
L, A. McGowan,
G. E, Nelson, .
G. L. Moore, .
Extra clerical assistance,
Expenses.
Abstract of reported cases, ....
Appraisals,
Expenses of delegates to national convention,
Extra clerical assistance, ....
Newspapers, publications, etc.,
Postage,
Printing and binding,
Stationery and office supplies,
Telegraph and telephone,
Travelling expenses, examination of insurance
companies,
Sundries,
Printing and binding Report.
2,500 copies Part I.
4,000 copies Part II.,
Total expenditures for 1904, ....
Fees collected and turned into the State treasury,
Surplus accrued to the Commonwealth,
$3,500 00
1,000 00
1,000 00
1,000 00
1,000 00
933 34
900 00
900 00
900 00
840 00
840 00
840 00
840 00
840 00
840 00
840 00
840 00
840 00
840 00
840 00
840 00
840 00
750 00
690 00
617 33
615 00
560 00
431 67
$90 00
65 00
174 27
115 73
75 00
510 58
2,081 14
307 24
44 78
460 23
75 43
J 1,658 92
2,168 23
$14,700 00
25,717 34
3,999 40
3,827 15
$48,243 89
80,419 22
$32,175 33
FIRE AND MAEINE INSURANCE COMPANIES.
Abstracts of Annual Statements for the Year ending
December 31, 1904.
ABINGTON MUTUAL FIRE INSURAXCE CO.
MASSACHUSETTS MUTUAL FIRE INSURANCE COMPANIES,
ABINGTON MUTUAL FIRE INSURANCE COMPANY,
ABINGTON.
[Incorporated May 30, 1856. Commenced business June 15, 1857.]
ISAAC C. HOWLAND, President. ALFRED II. NASH, Secretary.
Amount of permanent fund Dec. 31, 1903, .... $41,72854
Increase during the year, 8,271 46
Permanent fund Dec. 31, 1904, $50,000 00
Income.
Net premiums, 133,470 44
Interest on mortgage loans, $1,091.06; stocks and bonds,
$2,490.20; all other, $873.80, 4,455 06
Profit on sale or maturity of ledger assets, .... 336 25
From all other sources, 98 65
Total income, $ 38,360 40
Ledger assets, Dec. 31, 1903, 104,365 26
Total, $142,725 66
Disbursements.
Net amount paid for losses, $10,352 63
Profits on terminated policies, 11,278 91
Commissions or brokerage, . 5,175 78
Salaries, fees, etc., of officers and employees, .... 2,330 37
Rents 300 00
Taxes and fees, 382 77
Loss on sale or maturity of ledger assets, .... 175 00
All other disbursements, 1,328 80
Total disbursements, $31,324 26
Balance, $111,401 40
Ledger Assets.
Mortgages, $18,981 21
Stocks and bonds (Schedule A), 66,600 00
Cash in banks and office, 21,576 31
Agents 1 balances, 3,054 31
Bills receivable, not matured, 1,189 57
Total ledger assets $111,401 40
ABINGTON MUTUAL FIRE INSURANCE CO.
Non-Ledger Assets.
Interest accrued : —
On mortgages, $252 . 24 f bonds, $729 . 57,
Market value of real estate over book value, .
Gross assets,
$981 81
1,515 00
$113,898 21
Liabilities.
Unpaid losses,
Unearned premiums on outstanding risks,
Dividends due policy holders, .
Due for return premiums,
All liabilities, except surplus, .
Surplus,
Total liabilities, .
$75 00
52,126 51
1,899 54
164 36
$54,265 41
59,632 80
$113,898 21
Risks and Premiums.
Amount. Cash Prem's. Conting't Prems.
Risks outstanding Dec. 31, 1903, $6,279,188 00 $96,576 71 $96,576 71
Risks written during 1904, . 2,241,033 00 35,659 89 35,659 89
Total, $8,520,221 00 $132,236 60 $132,236 60
Risks expired and terminated, . 1,983,473 00 30,814 74 30,814 74
In force at end of year, .
Amount reinsured, .
Net amount in force, .
1,536,748 00 $101,421 86 $101,421 86
91,381 00 1,394 90 1,394 90
1,445,367 00 $100,026 96 $100,026 96
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 20, 40 and 60 per cent.
$10,428 00
Schedule A.
Slocks and Bonds owned by the Company.
Book Value.
10 shares State National Bank, Boston, . . $1,000 00
14 " Metropolitan National B'k, Boston, . 1,400 00
5 " Old Boston National Bank, Boston, . 500 00
20 " South End National Bank, Boston, . 2,000 00
15 " Abington National Bank, Abington, 1,500 00
5 " Whitman National Bank, Whitman, 500 00
14 " First N'l B'k, Salem (in liquidation), 700 00
Portland & Ogdensburg R.R. bonds, . . 5,000 00
Naumkeag Street Railway bonds, . . . 2,000 00
Trenton Passenger Railway bonds, . . . 2,000 00
Rockland & Abington Street Railway bonds, . 1,000 00
Concord and Montreal R.R. debentures, . . 4,000 00
Maine Central R.R. bonds, .... 2,000 00
Illinois Central R R. Co. bonds, . . . 5,000 00
Terminal R.R. Association, St. Louis, bonds, . 2,000 00
Chicago, Burlington & Quincy R.R. Co. bonds, 3,000 00
Market Value.
$1,450 00
1,610 00
510
1,860
1,500
500
700
5,200
2,020
2,340
1,080
4,010
2,210
4,510
2,240
2,850
00
00
00
00
00
00
00
00
00
00
00
00
00
00
ANNISQUAM MUTUAL FIRE INSURANCE CO.
Old Colony R.R. Co. bonds, .
Flint & Pere Marquette R.R. Co. bonds,
Chicago & Northwestern R'y Co. bonds,
South Abington (Mass ) bonds,
Omaha (Neb.) city bonds,
Taunton Street R'y Co. bonds, .
Princeton & Northwestern R'y Co. bonds,
N. Y. Central & Hudson River R.R. Co. bonds
Boston city bonds, ....
New Bedford city bonds, .
Massachusetts State bonds,
N Y., New Haven & Hart. R R. Co. bonds,
Chicago Junction R'y Co. bonds,
West End Street R'y Co. bonds,
Book Value.
Market Value.
$4,000 00
$3,960 00
1,000 00
1,200 00
• 2,000 00
2,220 00
2,000 00
2,060 00
1,000 00
1,000 00
1,000 00
1,035 00
1,000 00
960 00
>onds, 2,000 00
2,000 00
5,000 00
5,050 00
2,000 00
2,000 00
5,000 00
4,900 00
ds, . 3,000 00
3,075 00
1,000 00
990 00
3,000 00
3,075 00
$66,600 00
$68,115 00
ANNISQUAM MUTUAL FIRE INSURANCE COMPANY,
GLOUCESTER.
[Incorporated March 1, 1847. Commenced business Dec. 28, 1847.]
ELI AS DAVIS, President. WILLIAM H. JEWETT, Secretary.
[This company relies upon assessments on deposit notes to pay losses and expenses.]
Amount of permanent fund,
$948 98
Income.
Interest on mortgage loans, $246 ; all other, $210.70, .
Assessments for losses,
Total income,
Ledger assets, Dec. 31, 1903, $9,644.87, less error, $28.65,
$456 70
350 57
$807 27
9,616 22
Total, $10,423 49
Disbursements.
Net amount paid for losses, ....
Profits on terminated policies, ....
Salaries, fees, etc., of officers and employees, .
Rents,
Taxes and fees, .
Guarantee bond,
All other disbursements,
Total disbursements,
Balance, . . . .
Ledger Assets.
Mortgages,
Cash in banks and office,
Office safe,
Total ledger assets,
$229
11
129
18
363
81
7
25
3 46
15
00
3 55
$751
36
►,672 13
$3,413 94
6,173
19
85
00
),672 13
ARKWRIGHT MUTUAL FIRE INSURANCE CO.
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $63.61 ; other assets, $21.87, .
$85 48
Gross assets,
Assets not admitted.
>,757 61
85 00
Office safe,
Total admitted assets, $9,672 61
Liabilities.
Return assessments on cancelled policies, .... $21 50
Risks and Premiums.
Amount. Conting't Prem's.
Risks outstanding Dec. 31, 1903,* . . . $323,255 00
Risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year, . . . .
Miscellaneous
Losses incurred during the year,
49,550 00
$372,805 00
74,525 00
$298,280 00 $7,568 47
$229 00
ARKWRIGHT MUTUAL FIRE INSURANCE COMPANY, BOSTON.
[Incorporated Feb. 8, 1860. Commenced business Oct. 1, I860.]
R. W. TOPPAN, President. ' D. W. BARTLETT, Secretary.
Office, 31 Milk Street.
Income.
Net premiums, $1,283,446 89
Interest on bonds, 42,248 04
Total income, $1,325,694 93
Ledger assets, Dec. 31, 1903, 1,188,824 07
Total, $2,514,519 00
Disbursements.
Net amount paid for losses, $88,933 75
Profits on terminated policies, 1,076,388 81
Salaries, fees, etc., of officers and employees, . . . . 27,321 00
Rents, " 2,701 68
Taxes and fees, 13,554 95
Inspections, 19,584 94
All other disbursements, 6,159 15
Total disbursements, $1,234,644 28
Balance, $1,279,874 72
* $312,550, plus error, $107.05.
ARKWRIGHT MUTUAL FIRE INSURANCE CO.
.Ledger Assets.
Bonds (Schedule A),
Cash in banks and office, .
Premiums in course of collection,
Total ledger assets, .
$1,149,903 13
121,980 21
7,991 38
$1,279,874 72
Non-Ledger Assets.
Interest accrued on bonds, ....
Market value of bonds over book value, .
Gross assets,
14,629 16
22,984 87
.,317,488 75
Liabilities,
Unpaid losses,
Unearned premiums on outstanding risks,
Accrued taxes,
All liabilities, except surplus, .
Surplus, .......
Total liabilities,
$2,230 50
636,483 53
3,367 63
$642,081 66
675,407 09
1,317,488 75
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstand'g Dec. 31, 1903, $152,617,691 00 $1,200,056 82 $6,000,284 10
Risks written during 1904, . 174,755,181 00 1,339,916 92 6,699,584 60
Total,. . . . $327,372,872 00 $2,539,973 74 $12,699,868 70
Risks expired and terminated, 163,068,861 00 1,267,006 67 6,335,033 35
In force at end of year,
$164,304,011 00 $1,272,967 07 $6,364,835 35
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 88.97 per cent.
$82,944 00
Schedule A.
Bonds owned by the Compa?iy.
Commonwealth of Massachusetts bonds,
Cambridge city bonds,
Boston city bonds,
Providence city bonds,
Waltham city bonds,
Lowell city bonds,
Worcester city bonds,
Fitch burs: Kailroad bonds
Eastern Railroad bonds,
Old Colony Railroad bonds,
Boston & Lowell Railroad bonds,
Book Value.
$100,000 00
40,000 00
62,625 00
'50,000 00
10,000; oo
20,000 00
23,750 00
61,900 00
35,000 00
40,000 00
89,875 00
Market Value.
$96,000 00
40,763 00
61,050 00
47,000 00
10,275 00
21,400 00
25,000 00
63,500 00
36,225 00
43,400 00
94,900 00
ATTLEBOROUGH MUTUAL FIRE INSURANCE CO.
Chicago, Burlington & Quincy R.R. bonds,
Boston & Maine Railroad bonds,
Philadelphia, Wilm. & Bait. R.R. bonds, .
Boston & Providence R.R. bonds,
Lake Shore & Mich. Southern R.R. bonds,
Pennsylvania R.R. Co. bonds, .
Chic June. R.R. & Union Stock Y'ds bonds,
Boston & Albany. R.R. bonds, .
Norwich & Worcester R.R. bonds, .
N. Y , N. H. & Hartford R.R. bonds,
Concord & Montreal R.R. bonds,
American Telephone & Tel. Co. bonds, .
Chicago & Northwestern R.R. bonds,
N. Y. Central & Hudson River R.R. bonds,
Erie & Pittsburgh R.R. Co. bonds, .
West End Street R'y bonds,
Book Value.
$47,000 00
49,900 00
20,000 00
20,000 00
49,500 00
30,000 00
23,718 75
55,000 00
54,550 00
103,000 00
25,000 00
25,000 00
28,968 75
34,365 63
24,750 00
26,000 00
Market Value.
$50,300 00
54,250 00
20,900 00
21,000 00
49,750 00
32,550 00
26,750 00
56,050 00
53,500 00
103,250 00
26,250 00
24,250 00
28,750 00
34,825 00
24,500 00
26,500 00
$1,149,903 13 $1,172,888 00
ATTLEBOROUGH MUTUAL FIRE INSURANCE COMPANY,
ATTLEBOROUGH.
[Incorporated Feb. 24, 1844. Commenced business July 18, 1845.]
EVERETT S. CAPRON, President. HARRY E. CARPENTER, Secretary.
Amount of permanent fund, f 16,901 35
Income.
Net premiums, $8,259.35; extra premiums, $123.85, . . $8,383 20
Interest on mortgage loans, $1,425 . 38 ; stocks and bonds, $340 ;
all other, $ 166. 26 1,93164
Total income, $10,314 84
Ledger assets, Dec. 31, 1903, 43,564 22
Total, $53,879 06
Disbursements.
Net amount paid for losses, $3,031 37
Commissions or brokerage, 796 70
Salaries, fees, etc., of officers and employees, .... 1,794 58
Rents, 36 00
Taxes and fees, 135 35
All other disbursements, 328 25
Total disbursements, $6,122 25
Balance, $47,756 81
Ledger Assets.
Mortgages, $30,125 00
Stocks and bonds (Schedule A), 8,910 97
8 ATTLEBOROUGH MUTUAL FIRE INSURANCE CO.
Cash in banks and office, $5,418 33
Agents' balances, 2,802 51
Personal notes, 500 00
Total ledger assets, $47,756 81
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $224. 18; bonds, $104. 99; other assets, $14.55,
Rents accrued,
Market value of stocks and bonds over book value,
Gross assets,
343 72
6 67
584 41
$48,691 61
Assets not admitted.
Agents' balances over three months due, .... 667 59
Total admitted assets, $48,024 02
Liabilities.
Unpaid losses, $200 00
Unearned premiums on outstanding risks, .... 12,771 26
All liabilities, except surplus, $12,971 26
Surplus, 35,052 76
Total liabilities, $48,024 02
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1903, $2,525,946 00 $18,878 85 $37,757 70
Risks written during 1904, . 985,599 00 9,056 15 18,112 30
Total, $3,511,545 00 $27,935 00 $55,870 00
Risks expired and terminated, . 633,684 00 4,720 91 9,441 82
In force at end of year, . . $2,877,861 00 $23,214 09 $46,428 18
Miscellaneous.
Losses incurred during the year, $2,331 00
Schedule A.
Stocks and Bonds owned by the Company.
Book Value. Market Value.
Attleboro' Steam & Electric Co. bonds,
Vaughn Machine Co. bonds,
Pawtucket city bonds,
Attleboro' town bonds,
10 shares Hereford R.R. Co., .
$1,080 00 $1,050 00
1,029 58 1,000 00
2,275 33 2,060 00
3,515 50 3,216 00
1,010 56 1,000 56
$8,910 97 $8,326 56
BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO.
9
BARNSTABLE COUNTY MUTUAL FIRE INSURANCE COMPANY,
YARMOUTH PORT.
[Incorporated March 2, 1833. Commenced business Aug. 1, 1833.]
ALPHONSO L. WEEKES, President. JOHN H. CLARK, Secretary.
Amount of permanent fund,
$57,365 80
Income.
Net premiums, $42,236.64; extra premiums, $1,213.18, . $43,449 82
Interest on mortgage loans, $58.50; stocks and bonds,
$4,380.04; all other, $578.46, 5,017 00
From all other sources, 115 22
Total income, $48,582 04
Ledger assets, Dec. 31, 1903, 93,404 54
Total,
$141,986 58
Disbursements.
Net amount paid for losses,
Profits on terminated policies,
Salaries, fees, etc., of officers and employees, .
Real estate taxes, $21.75 ; other taxes and fees, $403.93,
Loss on sale or maturity of ledger assets,
All other disbursements,
Total disbursements,
Balance,
$9,820 89
23,216 37
6,473 59
425 68
2,307 26
728 77
$42,972 56
,014 02
Ledger Assets
Real estate, $2,000 ; mortgages, $1,250,
Stocks and bonds (Schedule A),
Cash in banks and office, .
Bills receivable, not matured, .
Town of Yarmouth notes,
$3,250 00
77,700 00
6,338 02
26 00
11,700 00
Total ledger assets,
,014 02
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $29. 75 ; bonds, $745. 63 ; other assets, $
Market value of stocks and bonds over book value,
i,278.98,
2,054 36
13,797 00
Gross assets, $114,865 38
10
BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO.
Liabilities.
Unpaid losses, $4,750 00
Unearned premiums on outstanding risks, .... 64,765 63
Dividends due policy holders, 674 13
Salaries and other miscellaneous expenses, due or accrued, . 74 17
All liabilities, except surplus, $70,263 93
Surplus, 44,601 45
Total liabilities, $114,865 38
Risks and Premiums.
Amount. Cash Prem's. Conting't Prems.
Risks outstanding Dec. 31, 1903, $7,555,758 00 $131,463 80 $243,413 56
Risks written during 1904,
2,358,104 00 42,236 64 42,236 64
Total $9,913,862 00 $173,700 44 $285,650 20
Risks expired and terminated, . 2,352,041 00 42,593 08 154,542 84
In force at end of year,
',561,821 00 $131,107 36 $131,107 36
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 50 and 60 per cent.
$14,470 00
Schedule A.
Stocks and Bonds owned by the Company.
State National Bank, Boston, stock,
National Shawmut Bank, Boston, stock,
Nat'l Bank of the Republic, Boston, stock,
First Natl Bank, Boston, stock,
First National Bank, Yarmouth, stock,
First National Bank, Hyannis, stock,
Falmouth National Bank stock,
Massachusetts Real Estate Co. stock,
Old Colony R.R. stock, .
Union Pacific R.R. stock, .
Southern Pacific R.R. stock,
N. Y., N H. & Hartford R R. stock,
West End Street Railway stock,
Bell Telephone Co. bonds,
Western Telephone Co. bonds,
St. Louis Terminal R.R. Asso. bonds,
Boston & Maine R R. bonds,
Fitchburg R.R. bonds,
Iowa Falls & Sioux City R.R. bonds,
Chicago & E. Illinois R.R. bonds, .
Oregon Short Line R.R. bonds,
Illinois Steel Co. bonds, .
Atchison, Topeka & Santa Fe R.R, bonds
Illinois Central R.R. bonds,
Massachusetts State bonds,
Lombard Farm mortgage bonds,
Book Value.
$1,500 00
600 00
500
700
1,500
1,000
1,000
2,000
6,300 00
6,600 00
600
1,200
4,100
4,000
4,000
3,000
12,000 00
4,000 00
" 2,000
2,500
500
1,000
1,000
2,000
1,000
100
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Market Value.
$2,175 00
1,410
760
1,715
1,875
1,100
1,000
700
12,915
7,556
640
2,388
4,173
3,980
4,120
3,360
12,720 00
4,100 00
2,600
2,905
600
1,000
1,030
2,120
1,050 00
100 00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
BERKSHIRE MUTUAL FIRE INSURANCE CO.
11
West End St. R'y Co. bonds, .
Lake Shore & Mich. So. R'y Co. bonds,
N. Y. Central R'y Co. bonds, .
Lynn & Boston R'y Co. bonds, .
N. Y., N. H. & Hart. R'y Co. bonds,
United Traction & Electric Co. bonds,
Chicago, Burl. & Quincy R.R. Co. bonds,
Book "Value.
$2,000 00
4,000 00
1,000 00
1,000 00
3,000 00
1,000 00
1,000 00
$77,700 00
Market Value.
$2,050 00
4,000 00
895 00
1,140 00
3,255 00
1,110 00
955 00
$91,497 00
BERKSHIRE MUTUAL FIRE INSURANCE COMPANY,
PITTSFIELD.
[Incorporated March, 1835. Commenced business August, 1835.]
FRANK W. HINSDALE, President. JOHN M. STEVENSON, Secretary.
Amount of permanent fund,
$60,000 00
Income.
Net premiums, $49,154.08; extra premiums, $247.31, . . $49,40139
Interest on mortgage loans, $300 ; stocks and bonds, $5,345.27, 5,645 27
Rents, . . . 670 40
Total income $55,717 06
Ledger assets, Dec. 31, 1903 123,868 98
Total $179,586 04
Disbursements.
Net amount paid for losses, $18,295 76
Profits on terminated policies, 17,446 62
Commissions or brokerage, ....... 7,020 42
Salaries, fees, etc., of officers and employees, .... 3,769 00
Rents, 450 00
Repairs and expenses on real estate, 76 55
Real estate taxes, $122.59 ; other taxes and fees, $723.77, . 846 36
Loss on sale or maturity of ledger assets, .... 500 00
All other disbursements, 2,847 28
Total disbursements, $51,251 99
Balance, $128,334 05
Ledger Assets.
Real estate, $2,000 ; mortgages, $12,000, .
Stocks and bonds (Schedule A),
Cash in banks and office,
Agents 1 balances,
$14,000 00
102,540 04
4,572 66
7,221 35
Total ledger assets,
$128,334 05
12
BERKSHIRE MUTUAL FIRE INSURANCE CO.
Non-Ledger Assets.
Interest accrued : —
On bonds, $269.15; other assets, f 380, .
Rents due on company's property, ....
Market value of stocks and bonds over book value,
Gross assets,
$649 15
30 00
28,199 96
$157,213 16
Liabilities.
Unpaid losses, $2,024 24
Unearned premiums on outstanding risks, .... 79,095 3fr
Dividends due policy holders, . 2,419 24
Salaries and other miscellaneous expenses, due or accrued, . 493 67
All liabilities, except surplus, $84,032 51
Surplus, . . . 73,180 65
Total liabilities $157,213 16
Risks and Premiums.
Amount. Cash Prem's. 1
Risks outstanding Dec. 31, 1903, $10,973,578 00 $159,394 24
Risks written during 1904, . 3,998,029 00 57,283 11
Total, $14,971,607 00 $216,677 35
Risks expired and terminated, . 3,576,594 00 50,832 41
In force at end of year, .
Amount reinsured, .
Net amount in force, .
.$11,395,013 00 $165,844 94
756,082 00 11,163 52
Conting't Prem's -
$159,394 24
57,283 11
$216,677 35
50,832 41
$165,844 94
11,163 52
,638,931 00 $154,681 42 $154,681 42
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 20, 40 and 60 per cent.
$18,361 00
Schedule A.
Stocks and Bonds owned by the Company.
Western Union Telegraph Co. bonds,
Chicago & Western Indiana R.R. bonds, .
Baltimore & Ohio R.R. bonds, .
St. Paul & Sioux City R.R. bonds, .
Third Ave. R.R. (N. Y.) bonds, ' .
Chicago & Northwestern R.R. bonds,
Adams Express Co. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Pittsfield Cemetery bonds,
American Tel. & Telegraph Co. bonds, .
United Trac. & Elec. Co. (Pro v., R. I.) bonds,
Greenfield & Turner's Falls St. R'y Co. bonds,
10 shares Baltimore & Ohio R.R., .
100 " Boston & Albany R.R , .
50 " N. Y. Cent. & Hudson River R.R., .
Book Value.
$1,041 25
5,356
1,950
1,270
4,862
2,165
5,000
1,000
4,000 00
10,090 33
4,570 00
5,370 00
913 78
15,305 20
8,790 61
25
00
00
50
00
00
00
Market Value.
$1,090 00
5,500 00
1,900
1,210
4,850
2,160
10,200 00
940 00
4,000
9,600
4,360
5,250
900
24,700 00
6,250 00
00
00
00
00
00
00
00
00
00
BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE CO. 13
100 shares Adams Express Co.,
58
10
12
15
16
10
4
40
Pittsfield Nat'l Bank, Pittsfield,
Agricultural Nat'l Bank, Pittsfield,
Third National Bank, Pittsfield,
First National Bank, Adams, .
Adams NatU Bank, North Adams, .
Lenox National Bank, Lenox,
Lee National Bank, Lee, .
Chic., St. Paul, Minn. & Omaha R.R.,
Book Value.
Market Value.
$6,061 25
$22,000 00
10,145 50
9,280 00
2,000 00
2,700 00
1,500 00
2,700 00
1,837 50
1,650 00
2,360 00
1,840 00
1,020 00
1,400 00
704 00
660 00
5,226 87
5,600 00
$102,540 04 $130,740 00
BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE
COMPANY, BOSTON.
[Incorporated March 15, 1850. Commenced business Oct. 15, 1850.]
EDWARD ATKINSON, President. FRANCIS E. ROBINSON, Secretary.
Office, 31 Milk Street.
Income.
Net premiums, . .......... $1,567,364 39
Interest on bonds, 54,705 66
Profit on sale or maturity of ledger assets, .... 1,085 00
Total income, $1,623,155*05
Ledger assets, Dec. 81, 1903, 1,327,837 69
Total, f2,950,992 74
Disbursements.
Net amount paid for losses, $115,991 67
Profits on terminated policies, 1,289,650 99
Salaries, fees, etc., of officers and employees, .... 44,724 90
Rents, 3,414 00
Taxes and fees, . 16,715 07
Loss on sale or maturity of ledger assets, .... 3,715 00
Inspections, 23,880 12
All other disbursements, 12,236 15
Total disbursements, $1,510,327 90
Balance, $1,440,664 84
Ledger Assets.
Bonds, etc. (Schedule A), $1,386,487 50
Cash in banks and office, 52,429 82
Cash loan, 1,747 52
Total ledger assets, $1,440,664 84
Non-Ledger Assets.
Interest due and accrued on bonds, 18,133 35
Market value of bonds over book value, 64,955 00
Gross assets, $1,523,753 19
14 BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE CO.
Liabilities.
Unpaid losses, $927 29
Unearned premiums on outstanding risks, .... 778,789 53
Taxes accrued, 4,606 34
All liabilities, except surplus, $784,323 16
Surplus, 739,430 03
Total liabilities, $1,523,753 19
Risks and Premiums.
Amount. Cash Prem's. Conting't PrenVs.
Risks outstand'g Dec. 31, 1903, $186,078,558 00 $1,455,327 32 $7,276,636 60
Risks written during 1904, .212,650,148 00 1,624,598 48 8,122,992 40
Total $398,728,706 00 $3,079,925 80 $15,399,629 00
Risks expired and terminated, . 198,031,953 00 1,522,346 73 7,611,733 65
In force at end of year, . $200,696,753 00 $1,557,579 07 $7,787,895 35
Miscellaneous.
Losses incurred during the year, $112,239 00
Profits or surplus returned during 1904, 87.75 per cent.
Schedule A.
Bonds, etc., owned by the Company.
Massachusetts. State bonds,
Old Colony R.R. bonds, ....
Boston & Albany R.R. bonds, .
Brookline town notes, ....
Boston & Maine R.R. bonds,
Pennsylvania Co. bonds, ....
West Shore R.R. bonds, ....
Rome, Watertown & Ogdens. R.R. bonds,
Boston city bonds, .....
United New Jersey R.R. & Canal Co. bonds,
Boston & Lowell R.R. bonds, .
Phila , Wilm. & Baltimore R.R. bonds, .
West End Street Railway Co. bonds,
Illinois Central R.R. bonds,
Chic, Rock Island & Pacific R.R. bonds, .
N. Y , N. H. & Hartford R.R. bonds,
Great Northern Pacific bonds, .
American Telephone & Telegraph Co. bonds,
Boston, Clin., Fitch. & New Bedford R.R. b'ds
N. Y. Central & Hudson River R.R. bonds,
Pennsylvania R.R. Co. bonds, .
Long Island R.R. Co. bonds,
Dutchess County R.R. Co. bonds,
Terminal R.R. Association, St. Louis, bonds,
Book Value.
$299,962 50
100,000 00
50,000 00
87,300 00
50,000 00
29,781 25
46,000 00
50,000 00
16,000 00
50,000 00
25,000 00
40,000 00
50,000 00
30,000 00
20,000 00
50,000 00
28,593 75
49,850 00
50,000 00
103,500 00
20,000 00
49,500 00
42,000 00
49,000 00
00
00
00
00
Market Value.
$305,100 00
107,250 00
51,750
87,300
59,500
32,400
54,250 00
58,000 00
16,340 00
55,000 00
25,937 50
42,400 00
53,125 00
30,900 00
20,800 00
50,175 00
29,700 00
49,475 00
52,500 00
104,850 00
20,000 00
50,250 00
44,940 00
49,500 00
,386,487 50 $1,451,442 50
BRISTOL COUNTY MUTUAL FIRE INSURANCE CO.
15
BRISTOL COUNTY MUTUAL FIRE INSURANCE COMPANY,
NEW BEDFORD.
[Incorporated Feb. 13, 1829. Commenced business July 4, 1829.]
JAMES TAYLOR, President. GEO. N. ALDEN, Secretary.
[Note. —This company takes deposit notes from its members and makes an assessment
when the note is issued for paying current expenses.]
Income.
Net premiums, $1,816.77 ; extra premiums, $30.46,
Interest,
Fees,
Total income,
Ledger assets, Dec. 31, 1903, .
Total,
$1,847 23
90 42
9 75
$1,947 40
3,120 36
1,067 76
Disbursements.
Net amount paid for losses, ....
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees, .
Taxes and fees,
All other disbursements,
Total disbursements,
Balance,
$789 40
97 13
1,182 00
16 47
137 20
$2,222 20
$2,845 56
Ledger Assets.
Cash in banks and office, .
Agents' balances,
Bills receivable, not matured, .
Total ledger assets,
$2,709 73
105 83
30 00
$2,845 56
Risks and Premiums.
Amount. Conting't Prem's.
Risks outstanding Dec. 31, 1903, . . . $1,789,505 00 $120,498 00
Risks written during 1904, .... 288,300 00 18,888 00
Total,
Risks expired and terminated, .
In force at end of year,
. $2,077,805 00 $139,386 00
401,650 00 26,358 00
,676,155 00 $113,028 00
Miscellaneous.
Losses incurred during the year,
$129 00
16 CAMBRIDGE MUTUAL FIRE INSURANCE CO.
CAMBRIDGE MUTUAL FIRE INSURANCE COMPANY,
CAMBRIDGE.
[Incorporated March 13, 1833. Commenced business Jan. 1, 1834.]
GILBERT A. A. PEVEY, President. WILLIAM E. BURRAGE, Secretary.
Amount of permanent fund, $ 130,688 77
Income.
Net premiums, |72,953.45; extra premiums, $567.88, . . $73,52133
Interest on mortgage loans, $3,052.09; stocks and bonds,
$2,140.33; all other, $271.35, 5,463 77
Rents, including company's own occupancy, . . . . 7,910 39
Profit on sale or maturity of ledger assets, .... 125 99
From all other sources, 996 60
Total income, $88,018 08
Ledger assets, Dec. 31, 1903, 244,045 72
Total, $332,063 80
Disbursements.
Net amount paid for losses, ....
Profits on terminated policies, ....
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees, .
Rents, including company's own occupancy, .
Repairs and expenses on real estate,
Real estate taxes, $1,667.95 ; other taxes and fees,
Loss on sale or maturity of ledger assets,
All other disbursements,
$58,380 75
40,303 35
10,929 22
9,485 06
1,000 00
2,879 17
^,445.58, 3,113 53
1,191 71
5,782 54
Total disbursements, $133,065 33
Balance, $198,998 47
Ledger Assets.
Real estate, $56,102.52; mortgages, $77,421, . . . . $133,523 52
Stocks and bonds (Schedule A), 50,531 25
Cash in banks and office, 5,673 57
Agents 1 balances, 9,270 13
Total ledger assets, $198,998 47
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $833.71; bonds, $773.16, .... 1,60687
Rents accrued on company's property, ..... 357 16
Market value of stocks and bonds over book value, . . 2,019 50
Gross assets $202,982 00
CAMBRIDGE MUTUAL FIRE INSURANCE CO.
17
Assets not admitted.
Agents' balances over three months due,
Total admitted assets, ....
$427 91
. $202,554 09
Liabilities.
Unpaid losses, . . . $4,674 80
Unearned premiums on outstanding risks, .... 156,997 49
Dividends due policy holders, 5,537 64
Salaries and other miscellaneous expenses, due or accrued, . 1,137 88
Due for return premiums, $395.09 ; reinsurance, $1,122. 15, . 1,517 24
All liabilities, except surplus, $169,865 05
Surplus, 32,689 04
Total liabilities, $202,554 09
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1903, $23,468,144 00 $380,309 48 $380,309 48
Risks written during 1904, . 6,063,486 00 93,268 01 93,268 01
Total $29,531,630 00 $473,577 49 $473,577 49
Risks expired and terminated, . 7,528,771 00 124,180 81 124,180 81
In force at end of year, . . $22,002,859 00 $349,396 68 $349,396 68
Amount reinsured," . . . 927,075 00 13,285 85 13,285 85
Net amount in force, . .$21,075,784 00 $336,110 83 $336,110 83
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 20, 40 and 60 per cent,
to April 1, and 20, 30 and 40 per cent., April 1 to Dec. 31.
,175 00
Schedule A.
Stocks and Bonds owned by the Company.
Cambridge city bonds,
New Bedford city bonds, .
West End Street R.R. bonds,
North Packing Co. bonds,
Eastern R R. bonds, .
Boston & Lowell R.R. bonds,
Fitchburg R.R. bonds,
N. Y., N. II & Hartford R.R. bonds,
15 shares National City Bank, Cambridge,
1 share Framingham National Bank,
Book Value.
$3,000 00
5,350 00
10,000
5,000
1,500
4,000
10,081
10,000
1,500
100
00
00
00
00
25
00
00
00
Market Value.
$3,150 00
5,150 00
10,262 50
4,750 00
1,548 75
4,285 00
10,537 50
10,850 00
1,875 00
142 00
$50,531 25 $52,550 75
18
CITIZENS MUTUAL INSURANCE CO.
I
CITIZENS' MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated March 7, 1846. Commenced business Oct. 6, 1846.]
GEO. W. HINKLEY, President. CHARLES F. BOWERS, Secretary.
Office, 141 Milk Street.
Amount of permanent fund,
Income.
Net premiums, $82,114.12 ; extra premiums, $606.06, .
Interest on mortgage loans, $10,771.04; collaterals, $60;
stocks and bonds, $3,009.18 ; all other, 1155.82, .
Rents,
From all other sources,
$174,441 91
$82,720 18
13,996 04
1,857 92
1,123 47
Total income,
,697 61
326,131 05
Ledger assets, Dec. 31, 1903,
Total, $425,828 66
Disbursements.
Net amount paid for losses,
Profits on terminated policies,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees, .
Rents,
Repairs and expenses on real estate, ....
Real estate taxes, $610.40 ; other taxes and fees, $1,016.87,
Loss on sale or maturity of ledger assets,
All other disbursements, .
Total disbursements,
Balance,
$17,708 33
44,627 91
13,239 77
7,833 51
2,884 04
823 16
1,627 27
561 02
4,841 38
$94,146 39
$331,682 27
Ledger Assets.
Real estate, $11,500; mortgages, $220,675,
Loans secured by collateral (12 shares Natick Nat'l Bank),
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances,
$232,175 00
1,200 00
85,720 00
5,915 88
6,671 39
Total ledger assets, $331,682 27
Non-Ledger Assets.
Interest accrued : —
On mortgages, $2,371.11 ; stocks and bonds, $1,046.22 ; col-
lateral loans, $18.22 3,435 55
Rents due on company's property, 391 69
Market value of real estate over book value, .... 3,300 00
Market value of stocks and bonds over book value, . . 110 50
Gross assets, $338,920 01
citizens' MUTUAL INSURANCE CO.
19
Assets not admitted.
Agents' balances over three months due,
Total admitted assets,
$204 43
|338,715 58
Liabilities.
Unpaid losses, f 1,252.03 ; less reinsurance, i
Unearned premiums on outstanding risks,
Dividends due policy holders, ...
All liabilities, except surplus, .
Surplus,
$1,244 03
194,162 69
5,899 41
$201,306 13
137,409 45
Total liabilities, f 338,715 58
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1903, $28,226,644 00 $384,732 59
Risks written during 1904, . 6,690,811 00 90,500 24
Total,. . . . $34,917,455 00
Risks expired and terminated, . 6,471,311 00
In force at end of year,
Amount reinsured, .
,446,144 00
760,360 00
$475,232 83
88,324 55
$386,908 28
10,471 67
Conting't Prem's.
$384,732 59
90,500 24
$475,232 83
88,324 55
$386,908 28
10,471 67
Net amount in force, . $27,685,784 00 $376,436 61 $376,436 61
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 20, 40 and 60 per cent.
$18,798 00
Schedule A.
*
Stocks and Bonds owned by the Company.
10 shares State National Bank,
35 " Mass. Electric Co., .
24 " Mass. Gas Co., ....
16 " N. Y., New Haven & Hartford R.R.
25 " American Tel. & Telegraph Co.,
15 " Chicago & Northwestern R.R.,
N. Y., New Haven & Hartford R.R. bonds,
West End Street R'y bonds,
Chicago, Burlington & Quincy R.R. bonds,
Pennsylvania Steel Equip, trust bonds, .
Maiden Electric Co. bonds,
American Bell Telephone Co. bonds,
Burl., Cedar Rapids & Northern R.R. bonds,
Illinois Steel Co. bonds, ....
Kansas City, Ft. Scott & Memphis R.R. bonds
American Tel. & Telegraph Co. bonds, .
Chicago & Northwestern R.R. Co. bonds,
Flint & Pere Marquette R.R. Co. bonds, .
General Electric Co. bonds,
Pennsylvania Road car trust bonds,
Book Value.
Market Value.
$1,400 00
$1,450 00
2,983 75
2,065 00
1,998 00
1,929 00
3,032 00
3,184 00
3,167 50
3,662 50
2,538 75
3,120 00
7,000 00
6,510 00
2,000 00
2,120 00
11,000 00
10,600 00
5,000 00
4,925 00
5,000 00
5,000 00
8,845 00
9,000 00
3,000 00
3,045 00
8,000 00
8,007 50
6,015 00
6,250 00
1,000 00
1,020 00
1,000 00
967 50
1,000 00
1,200 00
1,740 00
1,800 00
2,000 00
1,970 00
20 COTTON AND WOOLEN MANUFACTURERS' INSURANCE CO.
Book* Value. Market Value.
Pere Marquette Road Equip, trust bonds, . $3,000 00 $2,955 00
Southern Road col. trust bonds, . . . 5,000 00 5,050 00
$85,720 00 $85,830 50
COTTON AND WOOLEN MANUFACTURERS' MUTUAL INSUR-
ANCE COMPANY, BOSTON.
[Incorporated Oct. 19, 1875. Commenced business Oct. 20, 1875.]
M. V. B. JEFFERSON, President. BENJAMIN TAFT, Secretary.
Office, 31 Milk Street.
Income.
Net premiums, $416,167 96
Interest on bonds, 10,933 17
Total income, $427,101 13
Ledger assets, Dec. 31, 1903, 291,999 53
Total, $719,100 66
Disbursements.
Net amount paid for losses, $52,979 40
Profits on terminated policies, 326,255 00
Salaries, fees, etc., of officers and employees, .... 6,350 06
Taxes and fees, 4,963 90
Inspections, 8,671 24
All other disbursements, 22,547 81
Total disbursements, $421,767 41
Balance, $297,333 25
Ledger Assets.
Bonds (Schedule A) $240,000 00
Cash in banks and office, 47,554 68
Premiums in course of collection, 9,778 57
Total ledger assets, $297,333 25
Non-Ledger Assets.
Interest accrued on bonds, 4,038 7o
Market value of bonds over book value, 2,888 75
Gross assets, $304,260 75
Liabilities.
Unpaid losses $1,000 00
Unearned premiums on outstanding risks, .... 214,878 58
Taxes, 793 05
All liabilities, except surplus, $216,671 63
Surplus 87,589 12
Total liabilities, $304,260 75
DEDHAM MUTUAL FIRE INSURANCE CO.
21
Risks and Premiums.
Amount. Cash Prem"s. Conting't Prem's.
Risks outstanding Dec. 31, 1903, $43,724,025 00 $373,370 83 $1*866,854 15
Risks written during 1904, . 51,042,218 00 436,530 39 2,182,651 95
Total, $94,766,243 00 8809,901 22 $4,049,506 10
Risks expired and terminated, . 48,606,133 00 380,144 07 1,900,720 25
In force at end of year,
. $46,160,110 00 $429,757 15 $2,148,785 85
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 84.05 per cent.
$34,482 00
Schedule A.
Bonds owned by the Company.
Chicago Terminal Transfer R.R. bonds,
New England Tel. & Tel. Co. bonds,
American Bell Telephone Co. bonds,
Bangor & Aroostook R.R. bonds,
American Writing Paper Co. bonds,
American Tel. & Telegraph Co. bonds,
Fitchburg Railroad bonds,
Maine Central R.R. bonds,
Portland & Ogdensburg R.R. bonds.
Lynn & Boston Street R'y bonds,
Boston & Lowell R.R. bonds, .
N. Y. Cent. & Hudson River R.R. bonds,
West End Street R'y bonds,
Northern Pacific R.R. bonds, .
Western Union Telegraph Co. bonds,
Book Value.
$20,000 00
38,000 00
15,000 00
15,000 00
5,000 00
20,000 00
18,000 00
26,000 00
10,000 00
10,000 00
10,000 00
15,000 00
25,000 00
1,000 00
12,000 00
Market Value.
$17,200 00
38,050 00
14,981 25
17,700 00
4,150 00
19,450 00
18,945 00
28,470 00
10,425 00
10,550 00
9,900 00
13,650 00
25,950 00
987 50
12,480 00
$240,000 00 $242,888 75
DEDHAM MUTUAL FIRE INSURANCE COMPANY, DEDHAM.
[Incorporated Feb. 22, 1837. Commenced business July 1, 1837.]
J. WHITE BELCHER, President. JAMES Y. NOYES, Secretary.
Amount of permanent fund, $89,765 77
Income.
Net premiums, $35,938.62; extra premiums, $178.92, . . $36,117 54
Interest on mortgage loans, $1,920.25; stocks and bonds,
$4,784.72; all other, $48.81, 6,753 78
Profit on sale or maturity of ledger assets, .... 2,492 50
From all other sources, 119 73
Total income, $45,483 55
Ledger assets, Dec. 31, 1903, 158,149 95
Total, $203,633 50
22 DEDHAM MUTUAL FIRE INSURANCE CO.
Disbursements.
Net amount paid for losses, $ 8,900 87
Profits on terminated policies, 15,474 92
Commissions or brokerage, 5,588 56
Salaries, fees, etc., of officers and employees, .... 4,884 03
Rents, 270 00
Taxes and fees, 367 84
Loss on sale or maturity of ledger assets, .... 901 25
All other disbursements, . . 1,105 84
Total disbursements, $37,493 31
Balance, $166,140 19
Ledger Assets.
Mortgages $37,900 00
Stocks and bonds (Schedule A), 122,499 00
Cash in banks and office, 2,183 81
Agents' balances, 3,557 38
Total ledger assets, $166,140 19
Non-Ledger Assets.
■
Interest due and accrued : —
On mortgages, $953.97; bonds, $1,192.66; other assets,
$258.50 2,405 13
Gross assets, $168,545 32
«
Assets not admitted.
Agents 1 balances over three months due, .... 72 69
Total admitted assets, $168,472 63
Liabilities.
Unearned premiums on outstanding risks, .... $59,225 68
Dividends due policy holders, 2,557 13
Due for return premiums, 108 22
All liabilities, except surplus, $61,891 03
Surplus, 106,581 60
Total liabilities, $168,472 63
Risks and Premiums. .
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1903, $6,915,941 00 $106,428 43 $106,428 43
Risks written during 1904, . 2,397,909 00 37,835 50 37,835 50
Total, $9,313,850 00 $144,263 93 $144,263 93
Risks expired and terminated, . 2,089,424 00 33,132 22 33,132 22
In force at end of year, . . $7,224,426 00 $111,131 71 $111,131 71
DORCHESTER MUTUAL FIRE INSURANCE CO.
23
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 25, 50 and 70 per cent.
1,901 00
Schedule A.
Stocks and Bonds owned by the Company.
Boston city bonds,
Salem city bonds,
Lj 7 nn city bonds,
Fitchburg R.R. bonds,
Boston & Lowell R.R. bonds,
Eastern R.R. bonds, .
Boston & Maine R.R. bonds,
Kan. City, St. Jos. & Coun. Bluffs R.R. bonds
Atchison, Topeka & Santa Fe R.R. bonds,
Boston & Albany R.R. bonds, .
Lombard Investment Co. bonds,
Newport & Richford R.R. bonds,
Philadelphia & Reading R.R. bonds,
Union Pacific Railway bonds, .
St. Johnsbury & Lake Champlain R.R. bonds
N. Y., N. H. & Hartford R.R. bonds,
N. H. Trust Co. bonds
Old Colony R.R. bonds, ....
12 shares Dedham National Bank, .
32 " Dedham Water Co.,
128 " Atch., Topeka & Santa Fe R.R.,
50 " Union Pacific R.R., .
Book Value.
$2,160 00
3,150 00
3,210
5,200
11,880
1,035
11,460
2,110
11,800 00
6,000 00
168
8,560
5,900
3,657
7,500
11,463 75
400 00
5,000 00
1,296 00
3,520 00
12,278 00
4,750 00
00
00
00
00
00
00
75
00
00
50
00
Market Value.
$2,160 00
3,150 00
3,210
5,200
11,880
1,035
11,460
2,110
11,800
6,000
168
8,560 00
5,900 00
3,657 50
7,500 00
11,463 75
400 00
5,000
1,296
3,520
12,278
00
00
00
00
00
00
00
00
75
00
00
00
00
4,750 00
$122,499 00 $122,499 00
DORCHESTER MUTUAL FIRE INSURANCE COMPANY,
BOSTON.
[Incorporated February, 1855. Commenced business July, 1855.]
THOMAS F. TEMPLE, President. W. D. C. CURTIS, Secretary.
Office, Neponset.
Amount of permanent fund,
. $200,000 00
Income.
Net premiums, $225,261.68 ; extra premiums, $1,181.01, . $226,442 69
Interest on mortgage loans, $1,460 ; stocks and bonds,
$15,170.66, 16,630 66
Rents, including company's own occupancy, .... 1,325 00
From all other sources, 231 50
Total income, $244,629 85
Ledger assets, Dec. 31, 1903, 340,645 84
Total, $585,275 69
24 DORCHESTER MUTUAL FIRE INSURANCE CO.
Disbursements.
Net amount paid for losses, $103,055 43
Profits on terminated policies, 68,294 25
Commissions or brokerage, 34,924 23
Salaries, fees, etc., of officers and employees, . . . . 11,393 02
Rents, including company's own occupancy, .... 800 00
Real estate taxes, $425 ; other taxes and fees, $3,634.73, . 4,059 73
All other disbursements, 6,448 92
Total disbursements, .... ... $228,975 58
Balance, $356,300 11
Ledger Assets.
Real estate, $28,500 ; mortgages, $38,200, .... $66,700 00
Stocks and bonds (Schedule A), 242,223 20
Cash in banks, 19,652 68
Agents' balances, 27,724 23
Total ledger assets, $356,300 11
Non-Ledger Assets.
Interest accrued : —
On mortgages, $170.83; bonds, $105.33, .... 27616
Market value of stocks and bonds over book value, . . 149,032 80
All other, 2,000 00
Gross assets, $507,609 07
Liabilities.
Unpaid losses, * . $9,500 00
Unearned premiums on outstanding risks, . . . . 325,068 29
Dividends due policy holders, 3,975 00
All liabilities, except surplus, $338,543 29
Surplus, 169,065 78
Total liabilities, $507,609 07
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1903, $34,712,920 00 $569,644 43 $569,644 43
Risks written during 1904, . 13,642,063 00 232,063 77 232,063 77
Total, $48,354,983 00 $801,708 20 $801,708 20
Risks expired and terminated, . 10,544,984 00 174,127 03 174,127 03
In force at end of year, . . $37,809,999 00 $627,581 17 $627,581 17
Miscellaneous.
Losses incurred during the year, $110,928 00
Profits or surplus returned during 1904, 20, 40 and 60 per cent.
FALL RIVER MANUFACTURERS' MUTUAL INSURANCE CO. 25
Schedule A.
Stocks and Bonds owned by the Company.
Chadwick Boston Lead Co. bonds, .
Chicago, Burlington & Quincy R.R. bonds,
67 shares Blue Hill National Bank,
10 " New England National Bank,
29 " State National Bank,
10 " Mt. Wollaston National Bank,
5 " Granite National Bank, .
5 " Weymouth National Bank,
304 " Boston & Albany Railroad, .
273 " Old Colony Railroad, .
75 " Boston & Maine Railroad,
56 " Boston & Lowell Railroad,
315 " International Trust Co., .
250 " American Telephone & Tel. Co.,
50 " American Woolen Co., .
Book Value.
$16,540 30
17,559 09
7,642
1,402
4,125
1,400
650
600
39,758 59
37,430 02
10,856 07
7,378 57
59,688 06
33,692 50
3,500 00
50
50
00
00
00
00
Market Value.
$10,200 00
20,200 00
9,380
1,500
4,234
1,400
780
550
77,520
55,965
12,975
13,552
141,750
36,625 00
4,625 00
00
00
00
00
00
00
00
00
00
00
00
$242,223 20 $391,256 00
FALL RIVER MANUFACTURERS 1 MUTUAL INSURANCE
COMPANY, FALL RIVER.
[Incorporated Feb. 11, 1870. Commenced business May 1, 1870.]
THOS. E. BRAYTON, President. CHARLES S. WARING, Secretary.
Income.
Net premiums, $491,424 85
Interest on bonds, $18,385.88; all other, |992.15, . . . 19,378 03
Total income $510,802 88
Ledger assets, Dec. 31, 1903, . * 474,254 17
Total, $985,057 05
Disbursements.
Net amount paid for losses, $25,273 40
Profits on terminated policies, 419,511 38
Salaries, fees, etc., of officers and employees, . . . . 11,109 96
Rents, 906 00
Taxes and fees, 5,206 51
Loss on sale or maturity of ledger assets, .... 3,836 00
Inspections, etc , 7,129 76
All other disbursements, 1,402 54
Total disbursements, $474,375 55
Balance, $510,681 50
Ledger Assets.
Bonds (Schedule A), $473,937 14
Cash in banks and office 29,292 25
Agents' balances, 7,452 11
Total ledger assets $510,681 50
26 FALL RIVER MANUFACTURERS' MUTUAL INSURANCE CO.
Non-Ledger Assets.
Interest accrued : —
On bonds, $6,558.33 ; other assets, $82.30,
Market value of bonds over book value, .
$6,640 63
8,887 86
Gross assets, $526,209 99
Liabilities.
Unpaid losses, . . $820 72
Unearned premiums on outstanding risks, .... 242,092 33
Salaries and other miscellaneous expenses, due or accrued, . 1,354 69
All liabilities, except surplus, $244,267 74
Surplus, 281,942 25
Total liabilities, $526,209 99
Risks and Premiums.
Amount. Cash Prem's. . Conting't Prem's.
Risks outstanding Dec. 31, 1903, $55,556,624 00 $454,706 20 $2,273,531 00
Risks written during 1904, . 64,317,306 00 512,914 98 2,564,574 90
Total,. . . . $119,873,930 00 $967,621 18 $4,838,105 90
Risks expired and terminated, . 59,706,473 00 483,436 53 2,417,182 65
In force at end of year,
,167,457 00 $484,184 65 $2,420,923 25
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1904, 90.82 per cent.
$22,563 00
Schedule A.
Bonds oivned by the Company.
Taunton city bonds, .
Boston city bonds,
Newport (R. I.) city bonds,
Cleveland (O.) city bonds,
Boston & Lowell R.R. bonds,
Boston & Providence R.R. bonds,
Concord & Montreal R.R. bonds,
Chicago, Burl. & Quincy R R. bonds,
Phila , Wilm. & Bait. R.R. bonds,
Old Colony R.R. bonds, .
Boston & Maine R R. bonds,
West End Street Railway bonds,
Union Pacific R R. bonds. .
Pitts., Bessemer & Lake Erie R.R. bonds,
American Bell Telephone Co. bonds,
Canada Southern R'y Co. bonds,
Atchison, Topeka & Santa Fe R'y Co. bonds,
Book Value.
$15,900 00
40,850 00
20,500 00
26,250 00
30,000 00
20,175 00
15,000 00
15,000
19,800
. 30,900
10,000 00
72,956 25
20,675 00
22,040 00
14,662 50
5,113 89
19,897 50
00
00
00
Market Value.
$16,125 00
41,600 00
21,500 00
26,125 00
30,200 00
20,900 00
15,600 00
15,825
20,800
32,250
10,800
72,975
20,800 00
21,700 00
14,925 00
5,150 00
20,500 00
00
00
00
00
00
FITCHBURG MUTUAL FIRE INSURANCE CO. 27
Book Value. Market Value.
Lake Shore & Mich. Southern R.R. Co. bonds, $19,850 00 $ 20,000 00
Long Island R.R. Co. bonds, .... 19,850 00 20,200 00
Pennsylvania Co. bonds, 19,975 00 20,000 00
N. Y. Cent. & Hudson River R.R. Co. bonds, . 4,875 00 5,000 00
Northern Pacific R.R. Co. bonds, . . . 9,667 00 9,850 00
$473,937 14 $482,825 00
FITCHBURG MUTUAL FIRE INSURANCE COMPANY,
FITCHBURG.
[Incorporated March 23, 1847. Commenced business Sept. 1, 1847.]
HENRY G. MORSE, President. LINCOLN R. WELCH, Secretary.
Amount of permanent fund, $106,226 50
Income.
Net premiums, $98,998.07; extra premiums, $703.63, . . $99,70170
Interest on mortgage loans, $1,495.28; collaterals, $390;
stocks and bonds, $2,649.07; all other, $89.75, . . . 4,624 10
Rents, including company's own occupancy, . 4,561 00
From all other sources, 1,901 88
Total income, $110,788 68
Ledger assets, Dec. 31, 1903, 194,441 40
Total, $305,230 08
Disbursements.
Net amount paid for losses, $34,998 26
Profits on terminated policies, 33,000 55
Commissions or brokerage, 15,900 69
Salaries, fees, etc., of officers and employees, .... 10,420 92
Rents, including company's own occupancy, .... 1,200 00
Repairs and expenses on real estate, 2,078 04
Real estate taxes, $939.59; other taxes and fees, $2,000, . 2,939 59
Loss on sale or maturity of ledger assets, .... 2,000 00
Notes payable, . 2,500 00
All other disbursements, 8,138 75
Total disbursements, $113,176 80
Balance, $192,053 28
Ledger Assets
Real estate, $69,000 ; mortgages, $29,215,
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B),
Cash in banks and office, ....
Agents' balances,
$98,215 00
12,800 00
67,368 50
4,874 72
8,795 06
Total ledger assets, $192,053 28
28
FITCHBURG MUTUAL FIRE INSURANCE CO.
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $1,362.18; stocks and bonds, |709.50; col-
lateral loans, f 259. 66 $2,33134
Rents due on company's property, 315 00
Market value of stocks and bonds over book value, . . 12,898 50
Gross assets, $207,598 12
Liabilities.
Unpaid losses,
Unearned premiums on outstanding risks,
Interest due or accrued,
Dividends due policy holders, ....
Salaries and other miscellaneous expenses, due or
Due for reinsurance,
Borrowed money,
accrued,
All liabilities, except surplus, .
Surplus,
Total liabilities, .
$2,015 81
134,305 76
297 30
2,889 28
727 06
149 98
20,450 00
$160,835 19
46,762 93
$207,598 12
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1903, $19,605,435 00 $274,333 18
. Risks written during 1904, . 7,490,944 00 108,926 71
Total $27,096,379 00 $383,259 89
Risks expired and terminated, . 7,251,263 00 106,054 74
In force at end of year,
Amount reinsured, .
.$19,845,116 00 $277,205 15
653,622 00 10,343 35
Conting't Prem's.
$274,333 18
108,926 71
$383,259 89
106,054 74
$277,205 15
10,343 35
Net amount in force, . .$19,191,494 00 $266,86180 $266,86180
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 20, 40 and 50 percent.
$33,387 00
Schedule A.
Securities held as Collateral.
80 shares Simonds Manufacturing Co., .
50 " Grant Yarn Co.,
2 " Fitchburg Savings Bank books,
Schedule B.
Market Value.
$12,000 00
7,500 00
1,659 00
Loaned Thereon.
$6,200 00
5,000 00
1,600 00
$21,159 00 $12,800 00
Slocks and Bonds owned by the Company.
Book Value. Market Value.
Fitchburg & Leominster Street R'y bonds, . $5,000 00 $5,600 00
Northern Pacific R.R. bonds 10,450 00 10,200 00
Eastern R.R. Co. bonds, 8,000 00 8,000 00
GROVEL AND MUTUAL FIRE INSURANCE CO. 29
Middlesex County bonds, .
10 shares Fitchburg National Bank, .
20 " Rollstone National Bank, .
70 " Fitchburg Railroad, .
15 " Springfield Safe Dep. & Trust
50 " Pullman Car Co.,
43 " N. Y., N. H. & Hartford R.R.,
10 " Boston & Maine R.R.,
40 " American Tel. & Tel. Co.,
25 " Lowell Gas Light Co.,
Book Value.
Market Value.
$5,018 75
$5,000 00
1,000 00
1,500 00
2,000 00
3,000 00
7,930 00
9,940 00
Co.,
1,500 00
3,000 00
7,875 00
11,900 00
5,965 00
8,557 00
2,000 00
1,730 00
5,153 75
5,840 00
5,476 00
6,000 00
$67,368 50
$80,267 00
GROVELAND MUTUAL FIRE INSURANCE COMPANY,
GROVELAND.
[Incorporated March 28, 1828. Commenced business March 28, 1828.]
HERSCHEL A. SPOFFORD, President. LOUIS A. WOODBURY, Secretary.
[Note. — This company relies upon assessments on deposit notes to pay losses and
expenses.]
Income.
Policy fees, $292 00
Assessments, 466 52
Borrowed money, 2,200 00
Total income, $2,958 52
Ledger assets, Dec. 31, 1903, 1,352 08
Total, $4,310 60
Disbursements.
Net amount paid for losses, $3,188 69
Salaries, fees, etc., of officers and employees, . . . 737 49
Rents, 90 00
Taxes, 9 67
All other disbursements, 102 43
Total disbursements, $4,128 28
Balance,' $182 32
Ledger Assets.
Cash in bank, $182 32
Non-Ledger Assets.
Furniture, fixtures and safes, 175 00
Gross assets, $357 32
Assets not admitted.
Furniture, fixtures and safes, 175 00
Total admitted assets, $182 32
30 HAMPSHIRE MUTUAL FIRE INSURANCE CO.
Liabilities.
Interest due or accrued, $68 79
Salaries and other miscellaneous expenses, due or accrued, . 285 00
Borrowed money, 2,200 00
Total liabilities, $2,553 79
Risks and Premiums.
Risks outstanding Dec. 31, 1903,
Risks written during 1904,
Total,. ......
Risks expired and terminated, . . .
In force at end of year, ....
Miscellaneous
Losses incurred during the year,
Amount. Conting't Prem's.
.,734,088 00 $137,581 86
342,896 00 26,880 80
$2,076,984 00 $164,462 66
359,232 00 25,166 00
^,717,752 00 $139,296 66
$1,296 00
HAMPSHIRE MUTUAL FIRE INSURANCE COMPANY,
NORTHAMPTON.
[Incorporated March 6, 1830. Commenced business July 1, 1832.]
CHARLES N. CLARK, President. OLIVER WALKER, Secretary.
Amount of permanent fund, $27,523 66
Income.
Net premiums, $14,616.16; extra premiums, $25.15, . . $14,64131
Interest on mortgage loans, $1,343.90; stocks and bonds,
$1,115; all other, $125.52, 2,584 42
Total income, $17,225 73
Ledger assets, Dec. 31, 1903, 46,424 76
Total, 163,650 49
Disbursements.
Net amount paid for losses, $7,423 82
Profits on terminated policies, 5,257 01
Commissions or brokerage, . 1,870 15
Salaries, fees, etc., of officers and employees, .... 1,774 50
Rents, 150 00
Taxes and fees, 158 93
All other disbursements, 380 00
Total disbursements, . ' $17,014 41
Balance, $46,636 08
HAMPSHIRE MUTUAL FIRE INSURANCE CO.
31
Ledger Assets.
Mortgages, ....
Stocks and bonds (Schedule A),
Cash in banks and office, .
Agents' balances,
Total ledger assets,
$24,800 00
17,697 60
3,890 59
247 89
$46,636 08
Non-Ledger Assets.
Interest accrued : —
On mortgages, $409.13; stocks and bonds, $425.42; other
assets, 128.45,
Market value of stocks and bonds over book value,
Gross assets,
863 00
12,269 90
$59,768 98
Liabilities.
Unpaid losses,
Unearned premiums on outstanding risks, ....
Dividends due policy holders,
Salaries and other miscellaneous expenses, due or accrued, .
All liabilities, except surplus,
Surplus,
Total liabilities,
$1,000 00
29,087 36
251 21
20 00
$30,358 57
29,410 41
$59,768 98
Risks and Premiums.
Amount.
Risks outstanding Dec. 31,1903, $3,629,326 00
Risks written during 1904, . 972,127 00
Total, $4,601,453 00
Risks expired and terminated, . 844,365 00
Cash Prem's. Conting't Prem's.
$56,036 00 $56,036 00
15,114 51
$71,150 51
13,388 44
In force at end of year,
15,114 51
^71,150 51
13,388 44
. $3,757,088 00 $57,762 07 $57,762 07
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 20, 40 and 50 per cent.
1,424 00
Schedule A.
Stocks and Bonds owned by the Company.
63 shares Connecticut River R.R., .
10 " Northampton National Bank,
Northern Pacific Great Northern bonds,
West End St. R'y Co. bond, .
Pennsylvania Steel Equip, bonds, .
Book Value.
$6,650 00
1,100 00
6,000 00
1,062 50
2,885 10
Market Value.
$17,892 00
2,000 00
6,052 50
1,065 00
2,958 00
$17,697 60 $29,967 50
32 HINCiHAM MUTUAL FIRE INSURANCE CO.
HINGHAM MUTUAL FIRE INSURANCE COMPANY, HINGHAM.
[Incorporated March 4, 1826. Commenced business Sept. 1, 1826.]
WM. FEARING, 2d, President. HENRY W. CUSHING, Secretary.
Amount of permanent fund, $193,042 98
Income.
Net premiums, $84,509.18; extra premiums, $1,185.87, . $85,695 05
Interest on mortgage loans, $5,248.45 ; collaterals, $2,063.88 ;
stocks and bonds, $7,171.36; all other, $243.07, . . . 14,726 76
Rents, including company's own occupancy, .... 1,628 00
From all other sources, . 176 71
Total income, $102,226 52
Ledger assets, Dec. 31, 1903, 320,251 49
Total $422,478 01
Disbursements.
Net amount paid for losses, $31,368 51
Profits on terminated policies, 41,275 72
Commissions or brokerage, 12,281 05
Salaries, fees, etc., of officers and employees, .... 6,771 31
Rents, including company's own occupancy, .... 700 00
Repairs and expenses on real estate, ..... 266 63
Real estate taxes, $376.85 ; other taxes and fees, $816.95, . 1,193 80
Loss on sale or maturity of ledger assets, .... 5,638 71
All other disbursements, 3,149 56
Total disbursements, $102,645 29
Balance, $319,832 72
Ledger Assets.
Real estate, $22,200 ; mortgages, $99,275,
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B),
Cash in banks and office,
Agents' balances, ....*..
$121,475 00
55,000 00
135,787 50
4,539 30
3,030 92
Total ledger assets, $319,832 72
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $1,132.67 ; bonds, $1,090.83 ; collateral loans,
$668.88; other assets, $32, 2,924 38
Rents due on company's propert} 7 , 74 00
Market value of stocks and bonds over book value, . . 31,588 38
Gross assets, $354,419 48
HINGHAM MUTUAL FIRE INSURANCE CO.
33
Liabilities.
Unpaid losses, including $300 resisted, .
Unearned premiums on outstanding risks,
Dividends due policy holders, .
All liabilities, except surplus, .
Surplus,
$3,180 13
206,020 92
1,577 60
$210,778 65
143,640 83
Total liabilities, $354,419 48
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1903, $26,586,317 00 $400,181 51
Risks written during 1904, . 5,978,272 00 88,709 24
Total $32,564,589 00 $488,890 75
Risks expired and terminated, . 5,427,936 00 81,895 79
In force at end of year, . . $27,136,653 00 $406,994 96
Amount reinsured, . . . 3,000 00 44 75
Conting't Prem's.
$400,181 51
88,709 24
$488,890 75
81,895 79
$406,994 96
44 75
Net amount in force, . . $27,133,653 00 $406,950 21 $406,950 21
Miscellaneous.
Losses incurred during the year, . . . • .
Profits or surplus returned during 1904, 20, 40 and 60 per cent.
$33,800 00
Schedule A.
Securities held as Collateral.
Market Value. Loaned Thereon.
International Paper Co. bonds,
International Paper Co. stock, .
Savannah Electric Co. bonds, .
General Electric Co. bonds,
Metropolitan Steam Ship Co. note,
$10,900 00
22,800 00
3,880 00
9,350 00
25,000 00
$20,000 00
10,000 00
25,000 00
Schedule B.
$71,930 00 $55,000 00
Stocks and Bonds owned by the Company.
30 shares Hingham Nat'l Bank, Hingham,
60 " Old Colony Nat'l Bank, Plymouth,
8 " Abington Nat'l Bank, Abington,
12 " Union National Bank, Boston,
11 " Commerce Nat'l Bank, Boston,
22 " Webster-Atlas Nat'l Bank, Boston
62 " Hingham Water Company,
50 " United Shoe Machinery Co.,
40 " Boston Elevated R.R.,
200 " Helena Water Works Co
92 " Old Colony R R., .
109 " Boston & Albany R.R.,
25 " Union Pacific R.R., .
Book Value.
$3,000 00
6,000 00
800 00
1,200
1,100
2,480
6,200
1,525 00
5,900 00
200 00
9,200 00
10,900 00
2,500 00
00
00
00
00
Market Value.
$3,150 00
6,720 00
800 00
2,109
1,672
2,992
7,750
1,575
6,200
00
00
00
00
00
00
18,860 00
27,686 00
2,450 00
34
IIOLYOKE MUTUAL FIRE INSURANCE CO.
Eastern R.R. bonds, ....
Union Pacific R.R. bonds,.
Hingham Water Co. bonds,
No. Pacific & Gt. Northern R.R. bonds,
Illinois Central R.R. bonds,
American Telephone & Tel. Co. bonds,
Helena Water Works Co. bonds,
Book Value.
$5,000 00
10,000 00
11,000 00
7,000 00
20,000 00
17,782 50
14,000 00
Market Value.
$5,214 38
10,262 50
11,400 00
6,930 00
20,900 00
17,805 00
12,900 00
$135,787 50 $167,375 88
HOLYOKE MUTUAL FIRE INSURANCE COMPANY, SALEM.
[Incorporated March 14, 1843. Commenced business May 23, 1843.]
CHARLES H. PRICE, President. LOUIS O. JOHNSON, Secretary.
Guaranty Capital, $100,000.
Amount of permanent fund, $525,000 00
Income.
Net premiums,
Interest on mortgage loans, ....
Interest on stocks and bonds, $31,387.96 ; all other
Rents, including company's own occupancy, .
Profit on sale or maturity of ledger assets,
From all other sources,
Total income,
Ledger assets, Dec. 31, 1903, ....
Total,
Disbursements.
Net amount paid for losses, ....
Profits on terminated policies, ....
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees, .
Rents, including company's own occupancy, .
Repairs and expenses on real estate,
Real estate taxes, $679.92 ; other taxes and fees,
Loss on sale or maturity of ledger assets,
Dividends to guaranty capital, ....
All other disbursements,
$362.45,.
$145,864 35
3,056 06
34,750 41
4,357 12
710 00
693 19
$189,431 13
838,115 61
.,813.59,
1,027,546
74
$52,091
69
65,329
10
22,121
56
17,569
08
1,500
00
1,765
08
2,493
51
695 52
7,000 00
4,975
32
Total disbursements, .
Balance,
. $175,540 86
Ledger Assets.
Real estate, $46,420 ; mortgages, $53,000,
Stocks and bonds (Schedule A),
Cash in banks and office,
Agents' balances,
Town of Hamilton note,
552.005 88
$99,420 00
719,664 00
13,067 84
13,854 04
6,000 00
Total ledger assets, $852,005 88
HOLYOKE MUTUAL FIRE INSURANCE CO.
35
Non-Ledger Assets.
Interest accrued : —
On mortgages, $456.51; bonds, $9,009.15; other assets,
25
Rents accrued on company's property,
Market value of stocks and bonds over book value,
Gross assets,
$9,763 91
790 00
86,102 40
$948,662 19
Liabilities.
Unpaid losses, $1,120.70; less reinsurance, $20.83, . . $1,099 87
Unearned premiums on outstanding risks, .... 281,194 84
Dividends due policy holders, 7,418 30
Due for return premiums, 1,070 49
All liabilities, except guaranty capital and surplus, . $290,783 50
Guaranty capital 100,000 00
Surplus over guaranty capital and general liabilities, . . 557,878 69
Total liabilities, $948,662 19
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1903, $38,802,641 00 $560,222 99
Risks written during 1904, . 10,763,893 00 158,763 14
Total, $49,566,534 00 $718,986 13
Risks expired and terminated, . 10,411,737 00 152,064 11
In force at end of year, . . $39,154,797 00 $566,922 02
Amount reinsured, • . . 872,557 00 13,858 56
Conting't Prem's.
$560,222 99
158,763 14
#718,986 13
152,064 11
$566,922 02
13,858 56
Net amount in force, . . $38,282,240 00 $553,063 46 $553,063 46
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 20, 40 and 60 per cent.
$51,538 00
Schedule A.
Stocks and Bonds owned by the Company.
Boston & Lowell R.R. bonds, .
Atchison, Topeka & Santa Fe R.R. bonds,
Boston & Maine R.R. bonds,
Baltimore & Ohio R.R. bonds, .
Burl. & Missouri River R.R. (Neb.) bonds,
Cincin., Hamilton & Dayton R.R. bonds, .
Chesapeake & Ohio R.R. bonds,
Cleveland, L. & Wheeling R.R. bonds, .
Canada Southern R R. bonds, .
Chicago & E. Illinois R.R. bonds, .
Chicago & West. Indiana R.R. bonds,
Central Pacific R.R. bonds,
Book Value.
$6,000 00
14,000 00
10,000 00
12,000 00
10,000 00
10,000 00
10,000 00
15,000 00
5,000 00
5,000 00
8,000 00
3,500 00
Market Value.
$6,225 00
14,140 00
10,000 00
11,446 88
10,000 00
11,200 00
10,725
17,287
5,125
5,250
9,000
3,505
00
50
00
00
00
00
36
HOLYOKE MUTUAL FIRE INSURANCE CO.
Central New Jersey R.R. bonds,
Central Vermont K.R. bonds, .
Erie & Pittsburg R.R. bonds, .
Cleveland Electric R'y bonds, .
Delaware & Hudson Canal Co. bonds,
Fitchburg R.R. bonds,
Hocking Valley R'y bonds,
Housatonic R.R. bonds,
Erie R.R. bonds, ....
Kan. City, St, Jos. & C. B. R.R. bonds,
Kan. City, Ft. S & Memphis R.R. bonds,
Lehigh Valley RR. bonds,
Maine Cent. European & No. Am. R.R. bonds
Mass. Electric Co. bonds, .
N. Y. Cent. & Hudson River R.R. bonds,
Northern Pacific & Gt. Northern R.R. bonds
Norwich & Worcester R.R. bonds,
New England R.R. bonds,
Narragansett Pier R.R. bonds, .
New Haven & Derby R.R. bonds,
Northwestern Union R.R. bonds,
N. Y., Ontario & Western R.R. bonds,
St. Paul, Minn. & Manitoba R.R. bonds,
Old Colony R.R. bonds, .
New York & New England R.R. bonds,
Princeton & North Western R.R. bonds,
Seattle Electric Co. bonds,
Terre Haute & Southeastern R.R. bonds,
Union Pacific R.R. bonds, .
Pennsylvania Co. bonds, .
Third Ave. R.R. Co, N. Y, bonds.
West End Street R'y, Boston, bonds
Schenectady R'y bonds, .
Terminal R'y Asso., St. Louis, bonds,
Allen County (Ind.) bonds,
Wayne County (Mich.) bonds,
Marion County (Ind.) bonds,
Boston (Mass.) city bonds,
Columbus (Ohio) city bonds,
Cleveland (Ohio) city bonds,
Cambridge (Mass ) city bonds,
Evansville (Ind.) city bonds,
Dover (N. H ) city bonds,
Jersey City (N. J ) city bonds,
Lynn (Mass ) city bonds, .
Lawrence (Mass ) city bonds,
Maiden (Mass.) city bonds,
Orange (N. J.) city bonds,
Pawtucket (R. I.) city bonds,
Province of Quebec bonds,
St. Paul (Minn.) city bonds,
Salem (Mass.) city bonds,
Woonsocket (R. I.) city bonds,
Hudson River Power Trans. Co. bonds,
American Tel. & Telegraph Co. bonds,
Boston B'l'g Co. (Denver, Col.) bonds,
Salem Electric Lighting Co. bonds, .
American Mail Steamship Co. bonds,
American Cotton Oil Co. bonds,
Clinton Water Works bonds (Clinton, la.),
00
00
00
00
Book Value.
$7,000 00
2,000
5,000
2,000
5,000
10,000 00
5,000 00
10,000 00
5,000 00
5,000 00
13,000 00
15,000 00
4,000 00
5,000 00
13,000 00
5,000 00
5,000 00
25,000 00
10.000 00
20,000 00
8,000 00
20,000 00
12,000 00
15,000 00
3,000 00
4,000
2,000
5,000
27,500
3,000
2,000 00
3,000 00
5,000 00
6,000 00
10,000 00
10,000 00
5,000 00
5,000 00
10,000 00
8,000 00
5,000
6,000
5,000
5,000
8,000 00
5,000 00
10,000 00
10,000 00
10,000 00
3,000 00
25,000 00
5,000 00
5,000
2,000
5,000
10,000
2,000
2,500
10,000 00
5,000 00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Market Value.
$9,380 00
1,600 00
4,962 50
2,040 00
6,900 00
10,362 50
5,000 00
12,500 00
4,750 00
5,300 00
16,250 00
17,200 00
4,220 00
4,950 00
12,688 75
4,937 50
5,287 50
32,125 00
10,000 00
21,450 00
10,560 00
21,000 00
13,170
15,831
3,000
3,840
2,070
5,312
29,134
2,880
1,910
3,105
5,225
6,540 00
10,000 00
10,000 00
5,143 75
5,100 00
10,500 00
8,080 00
5,375 00
6,120 00
5,000 00
5,487 50
8,460 00
5,350 00
10,100 00
11,300 00
10,250 00
3,105 00
27,600 00
5,012 50
5,125 00
2,040 00
4,850 00
10,000 00
2,000 00
2,500 00
10,000 00
5,000 00
00
25
00
00
00
50
38
00
00
00
00
INDUSTRIAL MUTUAL INSURANCE CO.
37
Keokuk Water Works bonds, .
Western Union Telegraph Co. bonds,
Woonsocket Elec. Machine & Pow. Co. bonds
50 shares Boston & Maine R.R.,
31 " Old Colony R.R , .
155 " N. Y., N. H. & Hartford R.R.,
100 " Pitts., Ft. Wayne & Chic. RR,
162 " Union Pacific R.R
25 " West End St. R'y Co., .
30 " Atlantic National Bank, Boston,
31 " Freeman's National Bank, Boston,
100 " Merchants 1 National Bank, Boston,
10 " First N'l B'k, Salem (in liquidate),
10 " Merchants 1 National Bank, Salem,
35 " Mercantile National Bank, Salem,
41 " Naumkeag National Bank, Salem,
93 " Salem National Bank, Salem,
50 " Republic National Bank, Boston,
10 " National Shawmut Bank, Boston,
100 *' Second National Bank, Boston,
10 " Beverly National Bank, .
40 " N'l Exc. B'k, Salem (in liquidate)
10 " Colorado Mining Exch. Building,
20 " H. B. Claflin Co., N. Y., . .
15 " Edison Elec. Ilium. Co., .
Illinois Central R.R. bonds,
Long Island R.R. bonds, ....
Everett (Mass ) school bonds, .
Book Value.
Market Value.
|10,000 00
$10,000 00
5,000 00
5,475 00
3,000 00
2,767 50
5,000 00
8,650 00
3,100 00
6,355 00
5,500 00
10,890 00
10,000 00
18,300 00
16,200 00
15,795 00
1,250 00
1,167 19
3,000 00
4,020 00
3,100 00
3,162 00
10,000 00
18,500 00
500 00
250 00
500 00
650 00
3,500 00
3,605 00
4,100 00
5,740 00
9,300 00
7,440 00
5,000 00
7,500 00
1,000 00
2,550 00
10,000 00
20,500 00
1,000 00
1,450 00
1,400 00
120 00
10,000 00
8,500 00
2,000 00
1,900 00
1,500 00
3,810 00
3,000 00
3,135 00
5,000 00
5,075 00
5,214 00
5,474 70
$719,664 00
$805,766 40
INDUSTRIAL MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated April 17, 1890. Commenced business June 1, 1890.]
CHARLES T. PLUNKETT, Vice-President. BENJAMIN TAFT, Secretary.
Office, 31 Milk Street.
Income.
Net premiums $273,824 35
Interest on bonds, 6,695 27
Total income, . $280,519 62
Ledger assets, Dec. 31, 1903, 178,703 08
Total, $459,222 70
Disbursements.
Net amount paid for losses, $39,620 81
Profits on terminated policies, 214,302 17
Salaries, fees, etc., of officers and employees, .... 5,241 08
Taxes, 3,509 40
Inspections, . 2,462 94
All other disbursements, 21,112 79
Total disbursements, $286,249 19
Balance, $172,973 51
38
INDUSTRIAL MUTUAL INSURANCE CO.
Ledger Assets.
Bonds (Schedule A),
Cash in banks and office, .
Premiums in course of collection,
Total ledger assets, .
$146,000 00
20,583 01
6,390 50
$172,973 51
Non-Ledger Assets.
Interest accrued on bonds,
Gross assets,
2,540 83
$175,514 34
Assets not admitted.
Depreciation in book value of bonds,
Total admitted assets, ....
3,747 50
$171,766 84
Liabilities.
Unpaid losses,
Unearned premiums on outstanding risks,
Taxes,
All liabilities, except surplus, .
Surplus,
Total liabilities, ....
$5C0 00
138,134 19
535 67
$139,169 86
32,596 98
$171,766 84
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1903, $29,396,917 00 $270,133 95
Risks written during 1904, . 33,538,482 00 287,826 65
Total $62,935,399 00 $557,960 60
Risks expired and terminated, . 31,869,511 00 281,692 22
Conting't Prem's.
$1,350,669 75
1,439,133 25
$2,789,803 00
1,408,461 10
In force at end of year, . . $31,065,888 00 $276,268 38 $1,381,341 90
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 82.37 per cent.
$26,290 00
Schedule A.
Bonds oivned by the Company.
Boston & Lowell R.R. bonds, .
N. Y. Central & Hudson River R.R. bonds,
Chicago Terminal Transfer R.R. bonds, .
N. E. Telephone & Telegraph Co. bonds,
American Telephone & Telegraph Co. bonds,
American Writing Paper Co. bonds,
West End Street R'y bonds,
Book Value.
$5,000 00
10,000 00
10,000 00
35,000 00
17,000 00
20,000 00
10,000 00
Market Value.
$4,950 00
9,100 00
8,600 00
35,625 00
16,532 50
16,600 00
10,325 00
LOWELL MUTUAL FIRE INSURANCE CO. 39
Book Value. Market Value.
Fitchburg R.R. bonds, $15,000 00 $ 15,450 00
Lynn & Boston R.R. bonds, .... 5,000 00 5,275 00
Maine Central R.R. bonds, .... 5,000 00 5,287 50
Western Union Telegraph Co. bonds, . . 13,000 00 13,520 00
Northern Pacific R.R. bonds, .... 1,000 00 987 50
|146,000 00 $142,252 50
LOWELL MUTUAL FIRE INSURANCE COMPANY, LOWELL.
[Incorporated March 6, 1S32. Commenced business April, 1832.]
CHARLES A. STOTT, President. JOSEPH PEABODY, Secretary.
Amount of permanent fund, . $100,482 24
Income.
Net premiums, $52,787.29; extra premiums, $357.77, . . $53,145 06
Interest on mortgage loans, $903.09; stocks and bonds,
I $6,271.25; all other, $301.39, 7,475 73
From all other sources, 1,515 09
Total income, $62,135 88
Ledger assets, Dec. 31, 1903, 179,672 62
Total, $241,808 50
Disbursements.
Net amount paid for losses, $16,786 84
Profits on terminated policies, 18,775 68
Commissions or brokerage, 7,440 09
Salaries, fees, etc., of officers and employees, .... 7,871 36
Rents, 650 00
Taxes and fees, 595 28
All other disbursements, 3,517 03
Total disbursements, $55,636 28
Balance, $186,172 22
Ledger Assets.
Mortgages, $18,500 00
Stocks and bonds (Schedule A), 129,400 00
Cash in banks and office, 31,937 63
Agents' balances, 6,334 59
Total ledger assets, $186,172 22
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $246.62; bonds, $2,212.25, .... 2,45887
Market value of stocks and bonds over book value, . . 18,671 00
Gross assets, $207,302 09
40
LOWELL MUTUAL FIRE INSURANCE CO.
Liabilities.
Unpaid losses,
Unearned premiums on outstanding risks,
Dividends due policy holders, .
All liabilities, except surplus, .
Surplus,
Total liabilities, .
$2,066 65
81,048 51
1,798 08
$84,913 24
122,388 85
$207,302 09
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1903, $9,849,754 00 $156,257 36
Risks written during 1904, . 3,547,913 00 57,390 80
Total, $13,397,667 00 $213,648 16
Risks expired and terminated, . 3,390,369 00 53,450 47
In force at end of year, .
Amount reinsured,
Net amount in force, .
,007,298 00 $160,197 69
96,722 00 1,384 58
Conting't Prem's.
$156,257 36
57,390 80
$213,648 16
53,450 47
$160,197 69
1,384 58
1,910,576 00 $158,813 11 $158,813 11
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned daring 1904, 20, 40 and 60 per cent.
18,915 00
Schedule A.
Stocks and Bonds owned by the Company.
Portland & Rumford R R. bonds,
Boston & Maine R.R. bonds,
United States bonds, ....
Boston & Lowell R.R. bonds, .
Fitch bur g R.R. bonds,
Central Vermont R.R. bonds, .
Boston city bond, ....
Maine Central R.R. bonds,
Lowell & Suburban St. R'y bonds, .
Middletown, Conn., city bonds,
Sharon town bonds, ....
Chicago, Burl. & Quincy R.R. bonds,
16 shares Lowell Bleachery, .
2 " Pacific Mills, Lawrence, .
16 " Lawrence Mfg. Co., Lowell,
2 " Hamilton Mfg. Co., Lowell,
50 " Massachusetts Cotton Mills,
36 " Appleton Co
132 " Merrimack Manufacturing Co.,
25 " Franklin Mfg. Co., Lewiston, Me ,
30 " Hill Mfg. Co., Lewiston, Me.,
6 " Vermont & Massachusetts R.R.,
30 " Boston & Maine R.R., .
20 " Boston & Lowell R.R., .
Book Value.
$3,000 00
5,000 00
1,000 00
19,000 00
10,000 00
1,000 00
2,000 00
6,000 00
8,000 00
3,000 00
2,000 00
4,000 00
1,600 00
2,000 00
1,600 00
2,000 00
5,000 00
3,600 00
13,200
2,500
3,000
600
3,000
2,000
00
00
00
00
00
00
Market Value.
$3,165 00
5,000
1,045
19,660
10,304
800
2,170
6,150 00
8,560 00
3,180
2,130
3,930
1,440
4,650
1,792
1,330
4,250
4,392
7,260
2,500
1,260 00
1,020 00
5,190 00
4,840 00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
LUMBER MUTUAL FIRE INSURANCE CO.
41
16 shares Union National Bank, Lowell,
71 " Lowell & Andover R.R., .
70 " Bigelow Carpet Co.,
50 " American Woolen Co.,
46 " Lowell Gas Light Co.,
Book Value.
$ 1,600 00
7,100 00
7,000 00
5,000 00
4,600 00
Market Value.
$2,848 00
15,975 00
7,490 00
4,700 00
11,040 00
$129,400 00 $148,071 00
LUMBER MUTUAL FIRE INSURANCE COMPANY, BOSTON.
[Incorporated Feb. 13, 1895. Commenced business March 28, 1895.]
VVM. C. JOHNSON, President. HARRY E. STONE, Secretanj.
Office, 53 State Street.
Income.
Net premiums,
Interest on mortgage loans, $96 ; personal, $662.50 ; bonds,
$1,277.83; all other, $3,351.15, .
Profit on sale or maturity of ledger assets,
From all other sources, ....
Total income,
Ledger assets, Dec. 31, 1903, .
Total,
Disbursements
Net amount paid for losses,
Profits on terminated policies, .
Salaries, fees, etc., of officers and employees,
Rents,
Taxes and fees,
Loss on sale or maturity of ledger assets,
All other disbursements, ....
Total disbursements, ....
Balance,
Ledger Assets
Mortgages, ....
Bonds (Schedule A),
Cash in banks and office, .
Premiums in course of collection,
Loans on personal security,
Total ledger assets
Liabilities.
Unpaid losses,
Unearned premiums on outstanding risks,
Due for inspections,
$156,451 91
5,387 48
386 50
464 67
$162,690 56
139,035 09
$301,725 65
All liabilities, except surplus,
,468 28
35,020 00
9,870 00
1,200 00
2,035 51
1,653 63
9,521 62
$97,769 04
$203,956 61
$1,400 00
72,500 00
106,099 42
13,957 19
10,000 00
$203,956 61
$8,657 95
76,752 10
2,018 86
$87,428 91
Surplus, 116,527 70
Total liabilities, $203,956 61
42
LYNN MUTUAL FIRE INSURANCE CO.
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1903, $4,271,294 00 $114,582 52 $343,747 56
Risks written during 1904, . 6,444,809 00 177,486 99 532,460 97
Total, $10,716,103 00 $292,069 51 $876,208 53
Risks expired and terminated, . 5,044,245 00 138,565 31 415,695 93
In force at end of year, .
,671,858 00 $153,504 20
,512 60
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1904, 30 per cent.
46,224 00
Schedule A.
Bonds owned by the
United States bonds,
Cambridge (Mass.) city bonds,
Nashville (Tenn.) city bonds, .
Portland (Ore.) bonds,
N. Y. Central & Hud. River R.R. bonds,
Chicago & W. Ind. R.R. bonds,
Long Island R R. bonds, .
Dutchess County R.R. bonds, .
Luther Manufacturing Co. bonds, .
Company.
Book Value.
$2,500 00
14,000 00
10,000 00
11,000 00
5,000 00
10,000 00
10,000 00
5,000 00
5,000 00
Market Value.
$2,623 75
14,000 35
10,700 00
11,000 00
5,050 00
10,000 00
10,100 00
5,250 00
5,000 00
$72,500 00 $73,724 10
LYNN MUTUAL FIRE INSURANCE COMPANY, LYNN.
[Incorporated Feb. 20, 1828. Commenced business Aug. 1, 1828.]
JAMES S. NEWHALL, President. ISRAEL AUGUSTUS NEWHALL, Secretary.
Amount of permanent fund, $56,910 38
Income.
Net premiums, $6,511.94; extra premiums, $4.38, . . $6,516 32
Interest on mortgage loans, $1,325.36; stocks and bonds,
$1,297; allother, $25.23, 2,647 59
Rents, 225 00
From all other sources, 2 25
Total income, ' . $9,391 16
Ledger assets, Dec. 31, 1903, 58,367 92
Total, . $67,759 08
Disbursements.
Net amount paid for losses, $554 15
Profits on terminated policies, . . "*. . . . 4,948 52
Salaries, fees, etc., of officers and employees, .... 2,334 00
LYNN MUTUAL FIRE INSURANCE CO. 43
Rents, $432 00
Repairs and expenses on real estate, 56 53
Real estate taxes, $83.76 ; other taxes and fees, $62.50, . 146 26
Loss On sale or maturity of ledger assets, . . . • . 15 00
All other disbursements, 156 79
Total disbursements, $8,643 25
Balance, $59,115 83
Ledger Assets.
Real estate, $5,462.95; mortgages, $25,040, .... $30,50295
Stocks and bonds (Schedule A), 25,371 73
Cash in banks and office, 2,794 01
Agents' balances, 447 14
Total ledger assets, $59,115 83
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $538.31; bonds, $192.32 730 63
Market value of stocks and bonds over book value, . . 4,984 77
Gross assets, $64,831 23
Assets not admitted.
Agents' 1 balances over three months due, .... 406 92
Total admitted assets $64,424 31
Liabilities.
Unearned premiums on outstanding risks, .... $14,911 18
Dividends due policy holders, 509 72
All liabilities, except surplus, $15,420 90
Surplus, 49,003 41
Total liabilities, $64,424 31
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1903, $2,179,556 00 $29,306 16 $58,612 32
Risks written during 1904, . 507,074 00 6,936 38 13,872 76
Total, $2,686,630 00 $36,242 54 $72,485 08
Risks expired and terminated, . 509,847 00 6,962 18 13,836 36
In force at end of year, . . $2,176,783 00 $29,280 36 $58,648 72
Miscellaneous.
Losses incurred during the year, $375 00
Profits or surplus returned during 1904, 30, 60 and 80 per cent.
44 merchants' and farmers' mutual FIRE INSURANCE CO.
Schedule A.
Stocks and Bonds owned by the Company.
Chicago, Milwaukee & St. Paul R R. bond,
Southern Pacific of California R.R. bond,
Atlantic & Pacific R.R. bond, .
Mexican Central R.R. bond,
Chicago & Great Western R R. bonds,
Ohio & West Virginia R.R. bond, .
Ogdensburg & Lake Champlain R.R. bonds,
Security bonds,
United Electric Securities bonds,
Atchison, Topeka & Santa Fe R.R. bonds,
20 shares National City Bank, Lynn,
5 " Central National Bank, Lynn, .
10 " Merchants' National Bank, Boston,
15 " West Newton First National Bank,
45 " Atchison, Topeka & Santa Fe R.R.,
Jacksonville Electric bonds,
20 shares Essex Trust Co.,
Book Value.
$1,025 00
500 00
773 50
2,020 00
1,000 00
2,050 00
800 00
1,032 50
2,366 36
2,000 00
500 00
1,392 50
1,500 00
2,931 87
1,880 00
3,600 00
Market Value.
$1,120 00
500 00
700 00
2,100 00
1,100 00
2,000 00
680 00
1,131 50
2,920 00
3,000 00
750 00
1,900 00
1,725 00
4,050 00
1,880 00
4,800 00
$25,371 73
,356 50
MERCHANTS' AND FARMERS' MUTUAL FIRE INSURANCE
COMPANY, WORCESTER.
[Incorporated April 1, 1846. Commenced business Jan. 1, 1847.]
HENRY M. WITTER, President. HARRY S. MYRICK, Secretary.
Amount of permanent fund,
$121,574 43
Income.
Net premiums, $97,800.02; extra premiums, $474.35, .
Interest on mortgage loans, $1,359.13; stocks and bonds,
$6,063.58 ; all other, $538.30,
Rents,
Profit on sale or maturity of ledger assets,
From all other sources, ....
,274 37
7,961 01
3,960 00
874 63
481 86
Total income, . $111,551 87
Ledger assets, Dec. 31, 1903, 257,244 06
Total, $368,795 93
Disbursements
Net amount paid for losses,
Profits on terminated policies, .
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents,
Repairs and expenses on real estate,
Real estate taxes, $1,414.90 ; other taxes and fees, $1,461.86,
$36,992 07
35,486 33
15,507 33
6,193 17
700 00
169 08
2,876 76
merchants' and farmers' mutual FIRE INSURANCE CO. 45
Loss on sale or maturity of ledger assets, .... |7,897 21
All other disbursements, 4,643 05
Total disbursements, . . . . • . . . . $110,465 00
Balance $258,330 93
Ledger Assets.
Real estate, $57,482.35; mortgages, $21,580, .
Corporation note,
Stocks and bonds (Schedule A),
Cash in banks and office,
Agents 1 balances,
$79,062 35
750 00
156,697 33
13,541 56
8,279 69
Total ledger assets, $258,330 93
Non-Ledger Assets.
Interest accrued : —
On mortgages, $333 . 25 ; bonds, $2,199 ; other assets, $15 . 63, . 2,547 88
Rents accrued on company's property, 360 00
Market value of real estate over book value, .... 2,516 65
Market value of stocks and bonds over book value, . . 18,512 67
Gross assets, $282,268 13
Liabilities.
Unpaid losses $1,280 97
Unearned premiums on outstanding risks, .... 160,106 69
Dividends due policy holders, 3,063 88
Commissions and other charges due agents and brokers, . 1,240 52
Due for return premiums, $647.30 ; reinsurance, $22.65, . 669 95
All liabilities, except surplus, $166,362 01
Surplus 115,906 12
Total liabilities, $282,268 13
Risks and Premiums.
Amount. Cash Prem's. Conting't Prems.
Risks outstanding Dec. 31, 1903, $20,872,403 00 $311,986 59 $311,986 59
Risks written during 1904, . 6,954,716 00 103,287 10 103,287 10
Total $27,827,119 00 $415,273 69 $415,273 69
Risks expired and terminated, . 6,582,364 00 99,257 38 99,257 38
In force at end of year, . . $21,244,755 00 $316,016 31 $316,016 31
Miscellaneous.
Losses incurred during the year, $37,876 00
Profits or surplus returned during 1904, 20, 40 and 60 per cent.
46
MERRIMACK MUTUAL FIRE INSURANCE CO.
Schedule A.
Stocks and Bonds owned by the Company.
Gt. Northern & Northern Pacific R.R. bonds,
Eastern R.R. bonds, ....
Atch., Topeka & Santa Fe R.R. bonds,
Oregon Short Line R.R. bonds,
City of Syracuse bonds, .
Ill shares Atch., Topeka & Santa Fe R.R.,
57 " Union Pacific R.R., .
61 " Boston & Albany R.R., .
34 " Providence & Worcester R.R..
25 " Norwich & Worcester R.R.,
11 " Boston & Maine R.R.,
25 " Wachusett National Bank,
20 " Westminster National Bank,
8 " Mechanics' National Bank,
25 " Quinsigamond National Bank
40 " Am. Card Clothing Co., .
42 " Worcester Electric Light Co.,
28 " Worcester Gas Light Co.,
4 " Worcester Safe Dep. & Trust Co.,
Ottawa, Cedar Rapids & St. Paul R.R. bonds,
Pere Marquette R.R. bonds,
Des Moines & Iowa Falls R.R. bonds,
Portland & Ogdensburg R.R. bonds,
Chicago, Cincinnati & Louisville R.R. bonds,
Chicago & Western Indiana R.R. bonds, .
Book Value.
$3,551 25
4,800 00
10,500 00
906 17
19,030 40
7,322 19
4,938 55
11,695 00
6,625 00
4,525
1,948
5,000
2,000
800
3,119
4,000
8,428 00
6,135 00
920 00
10,550 00
4,750 00
10,200 00
5,253 50
9,800 00
9,900 00
00
27
00
00
00
00
00
00
00
00
00
00
00
Market Value.
$5,940 00
5,100
10,535
1,025
19,000
10,456
6,370
15,494 00
9,775 00
5,800 00
1,903 00
3,375 00
2,000 00
800 00
3,375 00
3,600 00
10,500 00
7,000
940
10,572
4,850
10,250 00
5,200 00
10,100 00
11,250 00
00
00
00
00
$156,697 33 $175,210 00
MERRIMACK MUTUAL FIRE INSURANCE COMPANY,
ANDOVER.
[Incorporated Feb. 7, 1828. Commenced business April 8, 1828.]
JOS. A. SMART, President. BURTON S. FLAGG, Secretary.
Amount of permanent fund,
1150,206 00
Income.
Net premiums, $114,524.56 ; extra premiums, $750.11, . $115,274 67
Interest on mortgage loans, $4,804.71; stocks and bonds,
$4,895, 9,699 71
Total income, $124,974 38
Ledger assets, Dec. 31, 1903, • . 248,949 19
Total $373,923 57
Disbursements.
Net amount paid for losses, ....
Profits on terminated policies, ....
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees, .
$47,359 47
47,752 45
18,762 36
7,934 75
MERRIMACK MUTUAL FIRE INSURANCE CO. 47
Rents, $713 55
Taxes and fees, 1,813 18
Loss on sale or maturity of ledger assets, .... 2,384 98
All other disbursements, 4,206 23
Total disbursements, $130,926 97
Balance, $242,996 60
Ledger Assets.
Real estate, $3,500 ; mortgages, $96,348, .... $99,848 00
Stocks and bonds (Schedule A), 117,275 00
Cash in banks and office, 10,814 48
Agents' balances, 15,059 12
Total ledger assets, $242,996 60
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $1,492; bonds, $1,387.96, .... 2,87996
Rents accrued on company's property, 180 00
Gross assets, $246,056 56
Assets not admitted.
Agents' balances over three months due, . $37 00
Depreciation in book value of stocks and bonds, 2,082 00
Total unadmitted assets, .... 2,119 00
Total admitted assets, $243,937 56
Liabilities.
Unpaid losses, including $700 resisted, $4,293.98 ; less rein-
surance, $27.27, $4,266 71
Unearned premiums on outstanding risks, .... 198,707 73
Dividends due policy holders, 5,233 01
Due for return premiums, $724.84 ; reinsurance, $525.39, . 1,250 23
All liabilities, except surplus, $209,457 68
Surplus, 34,479 88
Total liabilities, $243,937 56
Risks and Premiums.
Amount. Cash Prem's. Conting't Prems.
Risks outstanding Dec. 31, 1903, $28,188,533 00 $420,059 34 $420,059 34
Risks written during 1904, . 8,463,637 00 124,072 34 124,072 34
Total $36,652,170 00 $544,13168 $544,13168
Risks expired and terminated, . 8,680,086 00 132,088 02 132,088 02
In force at end of year, . .$27,972,084 00 $412,043 66 $412,043 66
Amount reinsured, . . . 584,853 00 » 9,304 47 9,304 47
Net amount in force, . .$27,387,231 00 $402,739 19 $402,739 19
48
MIDDLESEX MUTUAL FIRE INSURANCE CO.
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 20, 30, 40 and 60
per cent.
Schedule A.
Stocks and Bonds owned by the Company.
$46,451 00
Salem (Ohio) Water Co. stock,
Chicago, Peoria & St. Louis R.R. stock,
15 shares Lawrence National Bank,
10 " Andover National Bank,
Cincinnati city bonds,
Lynn city bonds,
Boston & Maine R.R. bonds,
Old Colony R.R. bonds, .
Chicago & Northwestern R.R. bonds,
Chicago, Mil. & St. Paul R.R. bonds,
Salem (Ohio) Water Co. bonds,
Helena Water Co. bonds, ....
Chicago, Wisconsin & Minn. R.R. bonds,
Chicago, Peoria & St. Louis R.R. bonds, .
Chicago, Burlington & Quincy R.R. bonds,
Town of Milton bonds,
Andover water bonds,
Danvers water bonds,
Seattle city bonds,
Westborough bonds,
North Andover bonds,
Bangor & Aroostook R.R. bonds,
Illinois Central R.R. bonds,
N. Y. Central & Hudson River R.R. bonds,
00
00
00
00
Book Value.
$3,000 00
3,400
1,500
1,000
4,000
5,000 00
2,000 00
10,000 00
4,000 00
5,000 00
3,000 00
5,375 00
5,000 00
1,000 00
3,000 00
3,000 00
15,000 00
10,000 00
5,000 00
10,000 00
10,000 00
3,000 00
3,000 00
2,000 00
Market Value.
$750 00
170
1,800
1,200
4,460
5,000
2,200
10,675
4,420
5,600 00
3,000 00
2,688
5,850
900
2,880
3,015
16,150 00
10,550 00
5,300
10,150
10,750
2,835
2,850
2,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$117,275 00 $115,193 00
MIDDLESEX MUTUAL FIRE INSURANCE COMPANY, CONCORD.
[Incorporated March 3, 1826. Commenced business March 29, 1826.]
RICHARD T. BARRETT, President. ADAMS TOLMAN, Secretary.
Amount of permanent fund, $327,532 84
Income.
Net premiums, $166,352.90 ; extra premiums, $1,142.09, . $167,494 99
Interest on mortgage loans, $2,283; collaterals, $377.50;
stocks and bonds, $21,625.13, 24,285 63
Rents, including company's own occupancy, .... 888 00
Profit on sale or maturity of ledger assets, .... 384 89
From all other sources, 520 78
Total income, $193,574 29
Ledger assets, Dec. 31, 1903, plus error, 631,798 31
Total, $825,372 60
MIDDLESEX MUTUAL FIRE INSURANCE CO.
49
Disbursements.
Net amount paid for losses, ....
Profits on terminated policies, ....
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees, .
Rents, including company's own occupancy, .
Repairs and expenses on real estate,
Real estate taxes, $413.32 ; other taxes and fees, $1,660.26,
Loss on sale or maturity of ledger assets,
Accrued interest on bonds purchased,
All other disbursements,
Total disbursements,
Balance,
Ledger Assets.
Real estate, $23,872. 26; mortgages, $50,575, .
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B), .
Cash in banks and office,
Agents' balances,
Total ledger assets,
$57,339
68
80,428
64
24,569
40
14,220
00
500 00
257
62
2,073 58
995 25
147
50
7,756
84
$188,288
51
$637,084 09
$74,447
26
6,800 00
523,181
05
14,344 29
18,311
49
$637,084 09
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $1,006.80 ; bonds, $5,644.88 ; collateral loans,
$127.50,
Rents due on company's property,
Market value of real estate over book value, ....
Market value of stocks and bonds over book value,
Gross assets,
Liabilities.
Unpaid losses,
Unearned premiums on outstanding risks,
Dividends due policy holders, .
All liabilities, except surplus, .
Surplus,
6,779 18
500 00
18,127 74
43,814 45
$706,305 46
$350 00
332,673 90
8,660 45
. $341,684 35
364,621 11
Total liabilities $706,305 46
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31,1903, $44,140,300 00 $654,908 89
Risks written during 1904, . 11,562,702 00 176,078 69
Total $55,703,002 00
Risks expired and terminated, . 11,613,875 00
In force at end of year,
Amount reinsured, .
.$44,089,127 00
451,240 00
$830,987 58
176,742 02
$654,245 56
6,564 54
Conting't Prem's.
$654,908 89
176,078 69
$830,987 58
176,742 02
$654,245 56
6,564 54
Net amount in force, . . $43,637,887 00 $647,681 02 $647,681 02
50
MIDDLESEX MUTUAL FIRE INSURANCE CO.
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 20, 30, 40 and 60
per cent.
Schedule A.
Securities held as Collateral.
$57,490 00
25 shares American Powder Mills, .
35 " Putnam Water Co , .
25 " Knoxville Water Co.,
American Bell Telephone Co. bonds,
Market Value. Loaned Thereon.
$3,750 00 $1,500 00
4,375 00 )
2,375 00 S
1,980 00 1,300 00
$12,480 00
4,000 00
1,800 00
Schedule B.
Slocks and Bonds owned by the Company.
33 shares Concord Nat'l Bank, Concord,
57 " Boston & Albany R.R , .
100 " Fitchburg R.R
180 " Pullman Co., ....
Burlington & Missouri River R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Boyer Val div., Chic. & Northwest'n R.R. bYls
Cleveland & Pittsburg R.R. bonds, .
Portland & Ogdensburg R.R. bonds,
Atchison, Topeka & Santa Fe R.R. bonds,
Cincinnati, Hamilton & Dayton R.R. bonds,
Concord & Montreal R.R. bonds,
Conn. & Passumpsic Rivers R.R. bonds, .
Old Colony Railroad bonds,
Boston & Lowell Railroad bonds,
Boston & Albany R.R. bonds, .
N. Y., Providence & Boston R R. bonds, .
Boston & Maine Railroad bonds,
Chic June. R'y & Union Stock Y'ds Co. bonds
Eastern R'y of Minnesota bonds,
Long Island R R. (Penn.) bonds,
Erie & Pittsburg (Penn.) R.R. bonds,
United Trac. & Elec. R'y (Prov., R. I.) bonds
Hamilton, Ontario, Street R'y bonds,
N. Y , N. H. & Hartford R.R. bonds,
Mohawk & Malone R.R. bonds,
Lake Shore & Mich. Southern R.R. bonds,
Narragansett Pier R.R. bonds, .
Norwich & Worcester R.R. bonds, .
St. Paul, Minn. & Manitoba R.R. bonds, .
N. Y., Ontario & Western R.R. bonds, .
Terminal R.R. Association of St. Louis bonds
N. Y. Central & Hudson River R.R. bonds,
West End Street R'y bonds,
Temple Iron Co. bonds, ....
Town of Concord, Mass., bonds,
Toledo city bonds,
Cambridge city bonds, ....
Book Value.
$3,300 00
5,757 75
8,660 00
18,726 65
16,495
12,077
10,225
31,575
21,200
1,900
15,212
25,150 00
26,600 00
5,262 50
20,506
10,557
10,750
11,775
10,250
10,712
5,762
10,400
5,737
10,350
10,475 00
11,062 50
10,912 50
10,375 00
10,575 00
11,225 00
10,475 00
11,450 00
10,037 50
10,387 50
5,200 00
12,121 40
10,000 00
20,000 00
00
75
00
00
00
00
50
25
50
00
00
00
50
50
00
50
00
Market Value.
$5,775 00
14,478 00
14,200 00
42,840 00
17,000 00
12,840 00
10,000 00
30,300 00
20,900 00
2,050 00
16,562 50
26,500 00
27,750 00
5,300 00
20,675 00
10,500 00
11,000 00
12,000 00
10,100 00
10,350 00
5,500 00
10,000 00
5,600 00
10,400 00
10,000 00
10,500 00
10,400 00
10,400 00
10,700 00
11,300 00
10,500 00
11,400 00
10,000 00
10,450 00
5,000 00
12,165 00
10,700 00
21,200 00
MUTUAL FIRE ASSURANCE CO.
51
Pawtucket city bonds,
Medford city bonds, .
Holyoke city bonds, .
Massachusetts State bonds,
Town of Belmont bonds, .
Sioux City & Pacific R.R. bonds,
Book Value.
$18,847 50
5,356 25
10,950 00
10,137 50
5,000 00
9,650 00
Market Value.
$18,510 00
5,400 00
11,050 00
9,650 00
5,050 00
10,000 00
$523,181 05 $566,995 50
MUTUAL FIRE ASSURANCE COMPANY, SPRINGFIELD.
[Incorporated Feb. 23, 1827. Commenced business July 23, 1827.]
GEO. B. HOLBROOK, President. FRANK R. YOUNG, Secretary.
Amount of permanent fund, $122,422 00
Income.
Net premiums, $20,049.31; extra premiums, $102.42, . . $20,15173
Interest on mortgage loans, $1,954.33; stocks and bonds,
$7,216; all other, $199.68, 9,370 01
Total income $29,521 74
Ledger assets, Dec. 31, 1903, . . . ' . . . . 190,410 58
Total, $219,932 32
Disbursements.
Net amount paid for losses, $1,271 66
Profits on terminated policies, 15,989 46
Salaries, fees, etc , of officers and employees, .... 4,552 00
Rents, 500 00
Taxes and fees, 176 52
All other disbursements, 403 59
Total disbursements, $22,893 23
Balance $197,039 09
Ledger Assets.
Mortgages, $41,350 00
Stocks and bonds (Schedule A), 144,946 19
Cash in banks and office, 10,742 90
Total ledger assets, $197,039 09
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $500.22; bonds, $802.49, .... 1,30271
Market value of stocks and bonds over book value, . . 34,560 81
Gross assets, . $232,902 61
52
MUTUAL FIRE ASSURANCE CO.
Liabilities.
Unearned premiums on outstanding risks,
Dividends due policy holders, .
All liabilities, except surplus, .
Surplus,
$51,873 09
48 60
851,921 69
180,980 92
Total liabilities, $232,902 61
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1903, $6,192,525 00 $100,214 92 $100,214 92
Risks written during 1904, . 1,234,800 00 20,049 31 20,049 31
Total, $7,427,325 00 $120,264 23 $120,264 23
Risks expired and terminated, . 1,126,900 00 17,609 96 17,609 96
In force at end of year,
>,300,425 00 $102,654 27 $102,654 27
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1904, 90 per cent.
$1,272 00
Schedule A.
Stocks and Bonds owned by the Company.
Vermont Valley R.R. bonds, .
Chesapeake & Ohio R.R. bonds,
N. Y. Central & Hudson River R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Phila., Wilm. & Baltimore R.R. bonds, .
Holyoke Street R.R. bonds,
Boston & Albany R.R. bonds, .
Detroit Southern R R. bonds, .
Reading, Jersey Central R R. bonds,
American Telephone & Telegraph Co. bonds,
Woronoco Street R.R. bonds, .
Connecticut River R.R. bonds, .
Springfield Street R.R. bonds, .
75 shares Second Nat'l Bank, Springfield,
61 " Chicopee Nat'l Bank, Springfield,
25 " John Hancock N'l B'k, Springfield
25 " First Nat'l Bank, Springfield,
25 " Chapin Nat'l Bank, Springfield,
10 " Monson Nat'l Bank, Monson, .
10 " First National Bank, Chicopee,
50 " Hadley Falls Nat'l Bank, Holyoke,
25 " Springfield Nat'l Bank, Springfield,
50 " Nat'l Bank of Commerce, Boston,
100 " Boston & Albany R.R , .
198 " N. Y. Cent. & Hudson River R.R.,
69 " Chic, Burl. & Quincy R.R., .
20 " Holyoke & Westfield R.R., .
Book Value.
$4,200 00
4,040
8,000
1,000
4,040
6,300 00
10,650 00
3,300
2,865
2,970
5,312
2,030
3,064
7,820
6,100 00
2,500 00
2,720
2,875
1,000
1,000
5,050
3,000 00
5,000 00
14,073 25
23,931 25
8,364 85
3,740 00
00
00
00
00
00
00
00
00
00
84
00
00
00
00
00
00
Market Value.
$4,240 00
4,720
7,280
970
4,120
6,600 00
10,200 00
2,670 00
2,940
2,910
5,150
1,960
3,090
10,875 00
9,455 00
2,500
2,750
3,125
1,200
1,350
6,750
4,500
7,550
25,600 00
28,512 00
14,490 00
4,000 00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$144,946 19 $179,507 00
MUTUAL PROTECTION FIRE INSURANCE CO.
53
MUTUAL PROTECTION FIRE INSURANCE COMPANY,
CHARLESTOWN.
[Incorporated April 10, 1861. Commenced business July 15, 1864.]
GEO. H. PENDERGAST, President. FRANK V. NOTES, Secretary.
Office, Thompson Square, Charlestown.
Amount of permanent fund, $52,639 30
Income.
Net premiums, $36,224.68; extra premiums, $194.26, .
Interest on mortgage loans, $2,688.75 ; collaterals, $487.50 ;
stocks and bonds, $2,190.67 ; all other, $560.91,
From all other sources,
Total income,
Ledger assets, Dec. 31, 1903,
Total,
Disbursements
Net amount paid for losses,
Profits on terminated policies, . . . •
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents,
Taxes and fees,
All other disbursements, ....
Total disbursements,
Balance,
Ledger Assets
Mortgages,
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B),
Cash in banks and office, ....
Agents' balances,
All other ledger assets, '.
Total ledger assets,
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $923.89; bonds, $216.25; collateral loans,
$208.30,
Market value of stocks and bonds over book value,
$36,418 94
5,927 83
554 43
$42,901 20
127,526 29
$170,427 49
$12,602 33
11,508 67
5,348 22
7,000 00
500 00
467 70
2,452 18
$39,879 10
$130,548 39
$47,100 00
10,000 00
53,648 54
16,337 69
3,359 78
102 38
$130,548 39
1,348 44
1,818 46
Gross assets, $133,715 29
Assets not admitted.
Agents' balances over three mcjnths due,
Total admitted assets, ....
259 10
$133,456 19
54
MUTUAL PROTECTION FIRE INSURANCE CO.
Liabilities.
Unpaid losses, including $1,000 resisted,.
Unearned premiums on outstanding risks,
Dividends due policy holders, .
All liabilities, except surplus, .
Surplus,
Total liabilities,
$1,050 21
49,419 91
1,073 63
$51,543 75
81,912 44
$133,456 19
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstand'g Dec. 31,1903, $5,734,113 00 $95,531 92 $95,531 92
Risks written during 1904, . 2,360,345 00 40,251 10 40,251 10
Total, $8,094,458 00 $135,783 02 $135,783 02
Risks expired and terminated, . 2,021,152 00 34,229 05 34,229 05
In force at end of year,
Amount reinsured, .
Net amount in force, .
1,073,306 00 $101,553 97 $101,553 97
381,763 00 6,551 42 6,551 42
1,691,543 00 $95,002 55 $95,002 55
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 20, 40 and 70 per cent.
$13,584 00
Schedule A.
Securities held as Collateral.
150 shares Copper Range Co.,
Copper Range R.R. bond,
Oregon Short Line R.R. bond,
Lampson Store Service bond,
Market Value.
$10,350 00 ^
4,050 00 I
Loaned Thereon.
1,160 00
)> $10,000 00
1,000 00 J
$16,560 00 $10,000 00
Schedule B.
Stocks and Bonds owned by the Company.
17 shares Monument National Bank,
20 " National Bank of the Republic,
31 " Charlestown Gas & Electric Co.,
15 " N. Y. Central R.R.,.
5 " Atch., Topeka & Santa Fe R.R.,
13 " N. Y., New Haven & Hartford R.R
54 " American Tel. & Telegraph Co.,
186 " Pennsylvania R.R. Co., .
American Tel. & Telegraph Co. bonds, .
United States bonds,
N. Y., N. H. & Hartford R.R. bonds,
Book Value.
$3,150 00
2,570
2,263
2,173
255
2,719
7,835
12,789
6,978
10,000
2,915
00
00
13
00
00
00
38
20
00
83
Market Value.
$2,567 00
3,040 00
3,410
2,160
505
2,613
7,938
12,834 00
6,860 00
10,600 00
2,940 00
00
00
00
00
00
$53,648 54 $55,467 00
NEWBURYPORT MUTUAL FIRE INSURANCE CO. 55
NEWBURYPORT MUTUAL FIRE INSURANCE COMPANY,
NEWBURYPORT.
[Incorporated Feb. 10, 1829. Commenced business May 1, 1829.]
WILLIAM R. JOHNSON, President. CHARLES C. DONNELL, Secretary.
Amount of permanent fund, $27,021 89
Income.
Net premiums, f 2,791 66
Interest on mortgage loans, $35 ; stocks and bonds, $1,621.08, 1,656 08
Rents, 125 00
From all other sources, . . - . . . . . 537 57
Total income, . . • $5,110 31
Ledger assets, Dec. 31, 1903, 37,636 65
Total, $42,746 96
Disbursements.
Net amount paid for losses, $482 35
Profits on terminated policies, 2,586 47
Salaries, fees, etc., of officers and employees, .... 567 80
Rents, 175 00
Taxes and fees, 27 79
Loss on sale or maturity of ledger assets, .... 154 10
All other disbursements, 139 20
Total disbursements, $4,132 71
Balance, $38,614 25
Ledger Assets.
Mortgages, $700 00
Stocks and bonds (Schedule A), . . . . 32,272 80
Cash in banks and office, 5,591 45
Furniture, 50 00
Total ledger assets, $38,614 25
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $17.50; bonds, $320.79, 338 29
Market value of stocks and bonds over book value, . . 2,076 00
Gross assets, $41,028 54
Assets not admitted.
Furniture, 50 00
Total admitted assets, $40,978 54
56
NEWBURYPORT MUTUAL FIRE INSURANCE CO.
Liabilities.
Unearned premiums on outstanding risks,
Dividends due policy holders, .
All liabilities, except surplus, .
Surplus,
Total liabilities,
$5,182 00
132 50
$5,314 50
35,664 04
,978 54
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1903, $756,585 00 $11,399 92
Risks written during 1904, . 189,000 00 2,839 00
In force at end of year,
Total $945,585 00 $14,238 92
Risks expired and terminated, . 179,950 00 ' 2,661 02
$765,635 00 $11,577 90
Conting't Prem'8.
$45,607 68
11,356 00
$56,963 68
10,652 08
,311 60
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1904, 100 per cent.
$428 00
Schedule A.
Stocks and Bonds owned by the Company.
Riverbank Court Trust Co. bonds, .
New England Cotton Yard bonds, .
Minneapolis General Electric Co. bonds,
Meriden, Conn., bonds, ....
Newport News, Va., bonds,
Penobscot Shore Line bonds, .
Central Vermont R.R. bonds, .
American Telephone & Tel. Co. bonds, .
Western Telephone & Telegraph Co. bonds,
South Bend, Ind., bonds, ....
100 shares Mer. Nat'l Bank, Newburyport,
31 " Ocean Nat'l Bank, Newburyport,
4 " State National Bank, Boston, .
10 " Western Union Telegraph Co.,
10 " U. S. Rubber Co
15 " Westinghouse Electric Co.,
20 " Boston & Maine R.R., .
7 " N. Y. Central R.R., .
9 " St. Paul R.R., .
5 " Chicago Junction Stock Yard Co ,
11 " Atch., Topeka & Santa Fe R.R.,
1 share Central Vermont R.R.,
Central Vermont R.R scrip,
Michigan State Telephone bonds, .
5 shares First Nat'l Bank, Boston, .
12 " Michigan State Telephone,
Book Value.
$2,000 00
1,000 00
1,000 00
1,000 00
2,000 00
2,000 00
1,600 00
990 00
3,000 00
1,000 00
2,000 00
1,550 00
420
1,000
500
1,125
3,600
900
1,350
625
900
8
4
1,000
500
1,200
00
00
00
00
00
00
00
00
00
00
80
00
00
00
Market Value.
$2,000 00
950
1,030
1,030
2,060
2,160
1,620
970
3,090
1,010
2,400
1,705
581
940
990
1,370
3,460
1,001
1,665
622
976
8
4
970
1,227
508
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
80
00
50
00
$32,272 80 $34,348 80
NORFOLK 31UTUAL FIRE INSURANCE CO. 57
NORFOLK MUTUAL FIRE INSURANCE COMPANY, DEDHAM.
[Incorporated Feb. 12, 1825. Commenced business July 1, 1825.]
J. WHITE BELCHER, President. JAMES Y. NOYES, Secretary.
Amount of permanent fund, . . . . . . . $334,201 14
Income.
Net premiums, |83,964.89; extra premiums, $670.68, . . $84,635 57
Interest on mortgage loans, $1,373.50; stocks and bonds,
$24,016.56; all other, $159.80, 25,549 86
Rents, 825 00
Profit on sale or maturity of ledger assets, .... 8,475 40
From all other sources, 241 01
Total income, $119,726 84
Ledger assets, Dec. 31, 1903, 636,757 01
Total, $756,483 85
Disbursements.
Net amount paid for losses, . . . . . . . $20,815 53
Profits on terminated policies, 47,935 36
Commissions or brokerage, 12,816 65
Salaries, fees, etc., of officers and employees, .... 8,303 80
Repairs and expenses on real estate, 1,667 93
Real estate taxes, $232.90 ; other taxes and fees, $1,047.57, . 1,280 47
Loss on sale or maturity of ledger assets, .... 2,547 75
All other disbursements, 1,709 27
Total disbursements, $97,076 76
Balance, $659,407 09
Ledger Assets.
Real estate, $15,000 ; mortgages, $27,125, .... $42,125 00
Stocks and bonds (Schedule A), 600,526 90
Cash in banks and office, 8,964 70
Agents' balances, 7,790 49
Total ledger assets, . . $659,407 09
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $500.28; bonds, $6,132.97; other assets,
$1,163.75, 7,797 00
Rents due on company's property, 187 50
Gross assets, $667,391 59
Assets not admitted.
Agents' balances over three months due, . . . . 122 19
Total admitted assets, $667,269 40
58
NORFOLK MUTUAL FIRE INSURANCE CO.
Liabilities.
Unpaid losses
Unearned premiums on outstanding risks,
Dividends due policy holders, .
Due for return premiums,
All liabilities, except surplus, .
Surplus,
Total liabilities,
$680 00
184,077 89
6,766 66
322 89
$191,847 44
475,421 96
$667,269 40
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1903, $24,184,555 00 $346,523 48
Risks written during 1904, . 6,118,194 00 88,493 77
Total, f 30,302,749 00 $435,017 25
Risks expired and terminated, . 5,674,770 00 82,896 66
Conting't Prem's.
$346,523 48
88,493 77
$435,017 25
82,896 66
In force at end of year, . . $24,627,979 00 $352,120 59 $352,120 59
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 25, 50 and 70 per cent.
$20,832 00
Schedule A.
Stocks and Bonds owned by the Company.
Atchison, Topeka & Santa Fe R.R. bonds,
Boston & Albany R.R. bonds, .
Boston & Maine R R. bonds,
Boston Consolidated Street R'y Co, bonds,
Boston & Providence R.R. bonds,
Boston & Lowell R.R. bonds, .
Boston city bonds,
Chelsea city bonds,
Concord & Montreal R R. bonds,
Fitchburg Railroad bonds,
Conn & Passumpsic River R.R. bonds, .
Dexter & Newport R.R. bonds,
Fall River city bonds
Fremont, Elkhorn & Mo. Valley R.R. bonds,
Grand Avenue R'y, Kansas City, bonds, .
Oregon Short Line R.R. bonds,
Kan. City, St. Jos. & Coun. Bluffs R.R. bonds
N. H Trust Co. bonds
Illinois Central R.R. bonds,
Lombard Investment Co. bonds,
Lawrence city bonds, ....
Norwich & Worcester R.R. bonds, .
Maine Central R.R. bonds,
Newport & Richford R'y Co. bonds,
N. Y., New Haven & Hartford R.R. bonds,
Newton city bonds, .
North Andover town bonds,
Book Value.
$33,885 00
20,037 50
39,060 00
5,075 00
20,900 00
21,025 00
12,965 00
11,137 50
10,500 00
26,400 00
5,450 00
6,240 00
2,200 00
6,850 00
5,100 00
12,500 00
9,495 00
500
4,925
99
5,325
21,200 00
16,400 00
16,050 00
20,615 00
16,255 00
5,362 50
00
00
75
00
Market Value.
$33,885 00
20,037 50
39,060 00
5,075 00
20,900 00
21,025 00
12,965 00
11,137 50
10,500 00
26,400 00
5,450 00
6,240 00
2,200 00
6,850 00
5,100 00
12,500 00
9,495 00
500
4,925
99
5,325
21,200
16,400 00
16,050 00
20,615 00
16,255 00
5,362 50
00
00
75
00
00
PAPER MILL MUTUAL INSURANCE CO.
59
Philadelphia & Reading R.R. bonds,
Old Colony R.R. bonds
Taunton city bonds
Portland & Rum ford Falls R.R. bonds, .
Lynn city bonds,
Salem city bonds,
Union Pacific Railway bonds, .
Northern Pacific & Gt. Northern R.R. bonds,
313 shares Atch , Top. & Santa Fe R.R., .
65
60
100
75
125
20
Dedham Water Co.,
Union Pacific R.R., .
Old Colony R.R., .
Boston & Lowell R.R., .
Boston & Albany R.R., .
Boston & Providence R.R.,
Book Value.
Market Value.
$9,440 00
$9,440 00
42,918 75
42,918 75
10,770 00
10,770 00
10,400 00
10,400 00
20,790 00
20,790 00
5,250 00
5,250 00
4,702 50
4,702 50
21,560 00
21,560 00
30,353 40
30,353 40
7,150 00
7,150 00
5,700 00
5,700 00
20,400 00
20,400 00
18,000 00
18,000 00
31,500 00
31,500 00
6,040 00
6,040 00
$600,526 90
$600,526 90
PAPER MILL MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated November, 1886. Commenced business April 1, 1887.]
R. W. TOPPAN, President. D. W. LANE, Secretary.
Office, 31 Milk Street.
Income.
Net premiums, .
Interest on bonds,
Total income,
Ledger assets, Dec. 31, 1903,
$130,790 48
4,554 40
$135,344 88
123,816 85
Total, $259,161 73
Disbursements
Net amount paid for losses,
Profits on terminated policies, .
Salaries, fees, etc., of officers and employees,
Rents, including company's own occupancy,
Taxes and fees, .....
Inspections,
All other disbursements, ....
Total disbursements, ....
Balance,
$10,699 20
104,336 09
5,816 50
360 00
1,346 48
1,947 99
457 85
$124,964 11
$134,197 62
Ledger Assets.
Bonds (Schedule A),
Cash in banks and office, .
Premiums in course of collection,
118,915 75
14,561 27
720 60
Total ledger assets,
$134,197 62
60
PAPER MILL MUTUAL INSURANCE CO.
Non-Ledger Assets.
Interest accrued on bonds, ....
Market value of bonds over book value,
$1,435 00
1,809 25
Gross assets, $137,441 87
Liabilities.
Unpaid losses, $118 00
Unearned premiums on outstanding risks, .... 65,181 84
Accrued taxes, 281 27
All liabilities, except surplus,
Surplus,
$65,581 11
71,860 76
Total liabilities, $137,441 87
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1903, $15,178,859 00 $121,789 28
Risks written during 1904, . 17,278,480 00 135,966 14
Total $32,457,339 00 $257,755 42
Risks expired and terminated, . 16,072,023 00 127,391 74
Conting't Prem's.
$608,946 40
679,830 70
$1,288,777 10
636,958 70
In force at end of year, \ $16,385,316 00 $130,363 68 $651,818 40
Miscellaneous.
Losses incurred during the year, .
Profits or surplus returned during 1904, 85.37 per cent.
$10,041 00
Schedule A.
Bonds owned by the Company.
Portland & Ogdensburg R.R. bonds,
N. Y. Central & Hudson River R.R. bonds,
Cincin., Sandusky & Cleveland R.R. bonds,
Maine Central R.R. bonds,
Pennsylvania R.R. bonds, .
Newton water bonds,
Boston & Albany R.R. bonds,
Boston & Maine R.R. bonds,
Boston & Lowell R.R. bonds,
Fitchburg R.R. bonds,
Chic. June. R.R. & Union Stock Y'ds bonds,
Chicago, Burl. & Quincy R.R. bonds,
American Bell Telephone bonds,
American Telephone & Telegraph Co. bonds,
West End Street Railway Co. bonds,
Boston city bonds,
Mohawk & Malone R.R. bonds,
Concord & Montreal R.R. bonds,
N. Y., N. H. & Hartford R.R. bonds,
Book Value.
$5,010 00
4,993 75
5,092 00
5,175 00
5,220 00
5,200 00
10,250 00
5,530 00
5,135 00
5,500 00
4,950 00
5,000 00
5,000 00
5,000 00
10,417 50
15,417 50
5,350 00
5,275 00
5,400 00
Market Value.
$5,200 00
4,500 00
5,650 00
5,800 00
5,550 00
5,400 00
10,300 00
6,000 00
5,250 00
5,350
5,000
5,000
5,000
4,850 00
10,450 00
15,450 00
5,300 00
5,250 00
5,425 00
00
©0
00
00
$118,915 75 $120,725 00
QUINCY MUTUAL FIRE INSURANCE CO.
61
QUINCY MUTUAL FIRE INSURANCE COMPANY, QUINCY.
[Incorporated March 22, 1851. Commenced business May, 1851.]
CHARLES A. HOWL AND, President. WM. H. FAY, Secretary.
Amount of permanent fund, $ 350,000 00
Income.
Net premiums, $144,548.06 ; extra premiums, $1,034.16,
Interest on mortgage loans, $3,462 . 50 ; collaterals, $7,868 . 80
stocks and bonds, $9,556.60; all other, $2,852.82,
Rents,
Profit on sale or maturity of ledger assets,
Total income,
Ledger assets, Dec. 31, 1903,
$145,582 22
23,740 72
180 48
1,750 00
$171,253 42
684,094 02
Total, • $855,347 44
Disbursements.
Net amount paid for losses, ....
Profits on terminated policies, ....
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees, .
Real estate taxes, $326.05 ; other taxes and fees,
All other disbursements,
!,647
17,
$50,186 24
60,721 28
22,558 10
15,317 36
2,973 22
6,677 56
Total disbursements, $158,433 76
Balance, $696,913 68
Ledger Assets
Real estate, $16,083.30; mortgages, $99,775,
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B),
Cash in banks and office, ....
Agents 1 balances,
Re-organization account, ....
$115,858 30
211,244 18
270,394 32
82,453 54
11,963 34
5,000 00
Total ledger assets, $696,913 68
Non-Ledger Assets. •
Interest due and accrued : —
On mortgages, $2,616.74; bonds, $200; collateral loans,
$1,105.16; other assets, $103.62,
Rents due and accrued on company's property,
Market value of real estate over book value, ....
Market value of stocks and bonds over book value,
Gross assets,
4,025 52
150
00
516
70
22,420
68
$724,026 58
62
< V >1 INCY MUTUAL FIRE INSURANCE CO.
Liabilities.
Unpaid losses, $1,200 CO
Unearned premiums on outstanding risks, .... 243,286 91
Dividends due policy holders, 4,500 00
Salaries and other miscellaneous expenses, due or accrued, . 350 00
All liabilities, except surplus, $249,336 91
Surplus, 474,689 67
Total liabilities, $724,026 58
Risks and Premiums
Amount.
Risks outstanding Dec. 3 1 , 1903, $32,586,226 00
Risks written during 1904, . 9,702,214 00
Total, $42,288,440 00
Risks expired and terminated, . 9,521,888 00
Cash Prem's.
$477,248 28
147,881 14
$625,129 42
143,873 33
Conting't Prem'9.
$477,248 28
147,881 14
$625,129 42
143,873 33
In force at end of year,
.$3i,766,552 00 $481,256 09 $481,256 09
Miscellaneous.
Losses incurred during the year, ......
Profits or surplus returned during 1904, 20, 40 and 60 per cent.
$48,986 00
Schedule A.
Securities held as Collateral.
740 shares American Woolen Co., .
Wabash & Pittsburg R'y Co. bonds,
Hudson River Electric Power Co. bonds,
Fonda, Johnstown & Gloversville R.R. Co. b'ds
Potomac Valley R.R. Co. bonds,
Hudson River Water Power Co. notes, .
Mass. Securities Co. bonds,
Lowell & Boston St. R'y Co. bonds and notes,
144 shares National Granite Bank, Quincy,
175 " N. E. Dressed Meat & Wool Co.,
100 " North Packing & Provision Co.,
Mortgage note,
Corporation notes,
Schedule B.
Market Value.
$44,200 00
11,000 00
15,000 00 '
9,000 00 '
10,000 00
10,000 00
9,000 00'
19,000 00
19,440 00
26,250 00
10,000 00
50,000 00
39,344 18
Loaned Thereon.
$34,200 00
25,000 00
25,000 00
20,000 00
17,700 00
7,500 00
7,500 00
35,000 00
39,344 18
$272,234 18 $211,244 18
Slocks^ and Bonds oivned by the Company.
Book Value.
88 shares Rockland National Bank, Boston, . $12,056 00
87 " Second National Bank, Boston, . 15,056 00
40 " Merchants' National Bank, Boston, 6,040 00
60 " State National Bank, Boston, . . 8,792 88
329 " Mt. Wollaston Nat'l Bank, Quincy, 40,490 75
48 " Granite National Bank, Quincy, . 6,295 75
50 " Wachusett Nat'l Bank, Fitchburg, . 10,000 00
40 •• Hingham Nat'l Bank, Hingham, . 5,639 25
Market Value.
$13,200 00
17,835 00
7,400 00
8,700 00
39,480 00
6,480 00
5,000 00
4,000 00
RUBBER MANUFACTURERS MUTUAL INSURANCE CO.
63
32 shares First Nat 1 ! B'k, South AVey mouth,
Quinsigamond N'l B'k, Worcester, .
Brockton National Bank, Brockton,
Plymouth Natl Bank, Plymouth, .
First National Bank, West Newton,
on Washington Bank, Boston (in
10
50 "
29 "
25 "
Balance
liquidation),
Balance on 46 shares Continental National
Bank, Boston (in liquidation),
Balance on Suffolk B'k Boston (in liquidation),
11 shares Old Colony R.R., .
178 " Lawrence Duck Co.,
50 " State St. Safe Deposit & Trust Co.,
13 " Decatur Water Works Co.,
Chicago, Burl. & Quincy R R. bonds,
Decatur Water Works Co. bonds,
Michigan Telephone Co bonds,
Northern Pacific & Gt. North. R'y Co. bonds, .
State of Massachusetts bonds, .
37 shares First National Bank, Boston, .
Balance on Union National Bank, Weymouth,
(in liquidation),
Balance on Hamilton National Bank, Boston,
(in liquidation),
25U shares Commonwealth Trust Co.,
Book Value.
75
50
00
00
00
f3,538
992
5,000
3,433
2,675
Market Value.
00
00
00
00
00
§3,200
1,300
6,250
3,045
2,500
25 00
00
00
00
00
00
00
40
50
1,100
17,800
5,000
350
10,000 00
2,900 00
9,605 00
24,033 48
38,500 00
3,439 25
16 71
25 00
37,500 00
50 00
100 00
200 00
2,200 00
15,000 00
7,500 00
350 00
10,000 00
2,900 00
8,000 00
43,200 00
38,500 00
8,325 00
100 00
500 00
37,500 00
$270,394 32 $292,815 00
RUBBER MANUFACTURERS' MUTUAL INSURANCE COMPANY,
BOSTON.
[Incoi'porated Nov. 4, 18«4. Commenced business Jan. 15, 1885.]
ARTHUR W. CLAPP, President. BENJAMIN TAFT, Secretary.
Office, 31 Milk Street.
Income.
Net premiums $376,285 89
Interest on bonds, 11,497 37
Total income, $387,783 26
Ledger assets, Dec. 31, 1903, 301,986 06
Total, $689,769 32
Disbursements.
Net amount paid for losses, ....
Profits on terminated policies, ....
Salaries, fees, etc., of officers and employees, .
Taxes,
Inspections
All other disbursements,
Total disbursements,
Balance, .......
$49,988 69
293,499 91
5,221 48
4,602 35
8,303 21
22,099 25
$383,714 89
$306,054 43
<>4 RUBBER MANUFACTURERS' MUTUAL INSURANCE CO.
Ledger Assets.
Bonds (Schedule A) $254,000 00
Cash in banks and office, 43,012 26
Premiums in course of collection, 9,042 17
Total ledger assets, $306,054 43
Non-Ledger Assets.
Interest accrued on bonds 4,565 41
Market value of bonds over book value, 1,948 75
Gross assets, $312,568 59
Liabilities.
Unpaid losses $1,000 00
Unearned premiums on outstanding risks, .... 189,157 25
Taxes 717 80
All liabilities, except surplus, $190,875 05
Surplus, 121,693 54
Total liabilities, $312,568 59
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1903, $39,727,342 00 $319,944 34 $1,599,721 70
Risks written during 1904, . 45,502,558 00 395,373 34 1,976,866 70
Total $85,229,900 00 $715,317 68 $3,576,588 40
Risks expired and terminated, . 43,014,938 00 337,003 17 1,685,015 85
In force at end of year, . . $42,214,962 00 $378,314 51 $1,891,572 55
Miscellaneous.
Losses incurred during the year, $32,300 00
Profits or surplus returned during 1904, 83.91 per cent.
Schedule A.
Bonds owned by the Company.
Book Value. Market Value.
N. Y. Cent. & Hudson River R.R. bonds, . $15,000 00 $13,650 00
Chicago Terminal Transfer R.R. bonds, . . 20,000 00 17,200 00
N. E. Telephone & Telegraph Co. bonds, . 27,000 00 27,325 00
American Bell Telephone Co. bonds, . . 15,000 00 14,981 25
Bangor & Aroostook R.R. bonds, . . 10,000 00 11,800 00
West End Street R'y bonds 20,000 00 20,637 50
St. Lo. Merchants' Bridge Terminal R.R. b'ds, 25,000 00 28,125 00
American Writing Paper Co. bonds, . . 10,000 00 8,300 00
American Tel. & Telegraph Co. bonds, . . 22,000 00 21,395 00
Fitchburg Railroad bonds, .... 20,000 00 21,062 50
SALEM MUTUAL FIRE INSURANCE CO.
65
Boston & Lowell R.R. bonds, .
Maine Central R.R. bonds,
Boston Consolidated R.R. Co. bonds,
Northern Pacific R.R. Co. bonds,
Western Union Telegraph Co. bonds,
Book Value.
$20,000 00
16,000 00
12,000 00
7,000 00
15,000 00
Market Value.
$19,800 00
16,920 00
12,240 00
6,912 50
15,600 00
|254,000 00 $255,948 75
SALEM MUTUAL FIRE INSURANCE COMPANY, SALEM.
[Incorporated April 17, 1838. Commenced lousiness May 1, 1838.]
HOWARD 8. PORTER, President. ARTHUR DERBY, Secretary.
Amount of permanent fund, ....... $52,580 66
Income.
Net premiums, $41,368.14; extra premiums, $179.70, . . $41,547 84
Interest on mortgage loans, $100.10; stocks and bonds,
$3,800.58; all other, $34.69, 3,935 37
From all other sources, 449 44
Total income, .... .... $45,932 65
Ledger assets, Dec. 31, 1903, plus error, 108,001 82
Total, $153,934 47
Disbursements.
Net amount paid for losses, $21,676 99
Profits on terminated policies, 12,028 97
Commissions or brokerage, 7,751 95
Salaries, fees, etc., of officers and employees, . . . . 4,124 00
Rents, 450 00
State tax, . 416 33
Loss on sale or maturity of ledger assets, .... 88 75
All other disbursements, 2,441 70
Total disbursements, $48,978 69
Balance, $104,955 78
Ledger Assets.
Mortgages, $300 00
Stocks and bonds (Schedule A), 98,738 73
Cash in banks and office, 1,411 31
Agents' balances, 4,505 74
Total ledger assets, $104,955 78
Non-Ledger Assets.
Interest accrued : —
On mortgages, $1.05; bonds, $1,497.28, 1,498 33
All other, 96 05
Gross assets, $106,550 16
6ti
SALEM MUTUAL FIRE INSURANCE CO.
Assets not admitted.
Agents' balances over three months due,
Depreciation in book value of stocks and bonds,
Total unadmitted assets, ....
Total admitted assets, ....
$479 37
453 23
$932 60
$105,617 56
Liabilities.
Unpaid losses, $2,917 81
Unearned premiums on outstanding risks, $53,721.47 ; plus
same on disallowed reinsurance, $64.75, .... 53,786 22
Dividends due policy holders, 1,880 09
Due for return premiums, $131.40 ; reinsurance, $63 47, . 194 87
State tax, 82 80
All liabilities, except surplus, $58,861 79
Surplus, 46,755 77
Total liabilities, $105,617 56
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1903, $5,896,513 00 $100,748 27
Risks written during 1904, . 2,580,527 00 43,854 39
Total, $8,477,040 00 $144,602 66
Risks expired and terminated, . 2,320,427 00 38,770 65
In force at end of yea,r, .
Amount reinsured, .
Net amount in force, .
1,156,613 00 $105,832 01
159,379 00 2,076 62
Conting't Prem's.
$100,748 27
43,854 39
$144,602 66
38,770 65
$105,832 01
2,076 62
$5,997,234 00 $103,755 39 $103,755 39
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 20, 40 and 60 per cent.
$20,344 00
Schedule A.
Stocks and Bonds owned by the Company.
Boston & Albany R.R. bonds, .
Boston & Lowell R.R bonds, .
Boston & Maine R R bonds, .
Boston & Providence R.R. bonds,
Chicago, Burlington & Quincy R.R.
Eastern R R. bonds, .
Fitch burg R.R bonds,
Illinois Central R.R. bonds,
Maine Central R.R. bonds,
Old Colony R R. bonds, .
West End St. R'y Co. bonds,
Akron, O., city bonds,
Boston city bonds,
bond
Book Value.
$1,052 50
3,115
1,017
2,100
1,037
2,220
3,225
3,680
2,137
1,055
1,065
2,087
5,341
89
50
00
50
00
00
00
50
00
00
42
25
Market Value.
$1,032 50
3,172 50
1,080 00
2,100 00
955 00
2,060 00
3,105 00
3,470 00
2,040 00
1,060 00
1,057 50
2,057 50
5,117 50
SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE CO. 67
Brockton city bonds,
Chelsea cit}^ bonds, .
Chicago city bonds, .
Columbus, O., city bonds,
Cranston, R I., town bonds,
Dayton, O , city bonds,
Fall River city bonds,
Haverhill city bonds,
Marlborough city bonds, .
Lynn city bonds,
Massachusetts State bonds,
Medford city bonds, .
Milwaukee city bonds,
Meriden, Conn., town bonds,
Minneapolis city bonds, .
New Bedford city bonds, .
New Britain city bonds, .
Northampton city bonds, .
Peabody town bonds,
Pittsburgh city bonds,
Plymouth town bonds,
Quincy, 111., city bonds, .
Salem (Mass.) city bonds,
Louisville city bonds,
Stoneham town bonds,
Stamford, Conn., city bonds,
Swampscott town bonds, .
Toledo, O., city bonds,
Waltham city bonds,
Wilksbarre, Pa., city bonds,
Woburn city bonds, .
9 shares Boston & Maine Railroad,
15 " Salem Gas Light Co.,
Book Value.
Market Value.
$2,112 50
$2,032 50
2,170 00
2,060 00
3,125 00
3,135 00
3,112 50
3,032 50
1,050 00
1,030 00
1,038 70
1,035 00
4,315 00
4,080 00
1,120 00
1,075 00
1,092 50
1,030 00
4,115 00
4,040 00
3,300 00
2,979 50
1,060 00
1,060 00
1,093 75
1,030 00
1,047 80
1,002 50
1,122 50
1,080 00
2,152 50
2,070 00
4,166 73
4,122 50
1,020 00
1,005 00
1,012 63
1,002 50
2,041 39
1,940 00
5,115 45
5,162 50
2,130 00
2,070 00
2,091 25
2,018 75
3,112 13
3,040 00
2,075 00
2,000 00
2,095 00
2,070 00
2,060 00
2,060 00
2,108 89
2,107 50
1,060 00
1,012 50
1,031 70
995 00
3,056 25
3,003 75
900 00
1,536 00
1,500 00
3,060 00
$98,738 73
$98,285 50
SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE
COMPANY, MARLBOROUGH.
[Incorporated May 18, 1855. Commenced business June 15, 1855.]
W. C. JEWETT, President. E. D. HOWE, Secretary.
[Note. — This company takes deposit notes from its members and makes an assessment
when the note is issued for paying current expenses.]
Income.
Net premiums, $7,281.75; extra premiums, $30.78, . . $7,312 53
Interest, 127 61
Total income, $7,440 14
Ledger assets, Dec. 31, 1903, 4,717 72
Total, $12,157 86
Disbursements.
Net amount paid for losses,
Commissions or brokerage,
S2,724 60
1,043 71
68
SAUGUS MUTUAL FIRE INSURANCE CO.
Salaries, fees, etc., of officers and employees, .
Taxes and fees,
All other disbursements,
Total disbursements,
Balance,
Ledger Assets.
Cash in banks and office, .
Agents' balances,
Total ledger assets,
Non-Ledger Assets.
Furniture, fixtures, safe, stationery, etc., .
Gross assets,
Assets not admitted.
Furniture, fixtures, safes, stationery, etc.,
Total admitted assets,
Liabilities.
Commissions and other charges due agents and brokers,
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1903, $1,403,113 00
Risks written during 1904, . 865,430 00
Total, $2,268,543 00
Risks expired and terminated, . 325,353 00
Cash Prem's.
$12,767 88
7,946 65
$20,714 53
2,920 82
$878 26
65 78
321 58
$5,033 93
$7,123 93
$5,871 79
1,252 14
$7,123 93
205 00
$7,328 93
205 00
\123 93
$220 96
Conting't Prem's.
$51,071 52
31,786 60
,858 12
11,683 28
In force at end of year,
.,943,190 00 $17,793 71 $71,174 84
Miscellaneous.
Losses incurred during the year,
$2,725 00
SAUGUS MUTUAL FIRE INSURANCE COMPANY, SAUGUS.
[Incorporated Feb. 24, 1852. Commenced business April 1, 1852.]
HERBERT B. NEWHALL, President. WILBUR F. NEWHALL, Secretary.
[Note. — This company relies upon assessments on deposit notes to pay losses and
expenses.]
Income.
Interest, $43 18
Assessments, 2,747 30
Policy fees, 491 00
Total income, $3,281 48
Ledger assets, Dec. 31, 1903, 2,475 99
Total $5,757 47
SOUTH DAN VERS MUTUAL FIRE INSURANCE CO. 69
Disbursements.
Net amount paid for losses, ....
Salaries, fees, etc., of officers and employees, .
Rents,
All other disbursements,
$719
70
1,440 00
150
00
173
68
$2,483 38
Total disbursements,
Balance, $3,274 09
Ledger Assets.
Cash in banks and office, $3,274 09
Non-Ledger Assets.
Unpaid assessments, 263 50
Gross assets, $3,537 59
Risks and Premiums.
Amount. Conting't Prem's.
Risks outstanding Dec. 31, 1903, . . . $2,686,145 00 $340,673 00
Risks written during 1904, .... 863,430 00 110,256 00
Total, . . ...
Risks expired and terminated, .
In force at end of year, ....
Miscellaneous
$3,549,575 00 $450,929 00
915,555 00 115,711 00
Losses incurred during the year,
Assessments laid on deposit notes or contingent premiums, . 2,820 00
(,634,020 00 $335,218 00
$720 00
SOUTH DANVERS MUTUAL FIRE INSURANCE COMPANY,
PEABODY.
[Incorporated June 12, 1829. Commenced business Aug. 1, 1829.]
G. HORACE MERRILL, President. FRANK TAYLOR, Secretary.
Amount of permanent fund, $33,697 05
Income.
Net premiums, $3,724.13; extra premiums, $27.75, . . $3,75188
Interest on stocks and bonds, $1,251 ; all other, $2.79, . . 1,253 79
Policy fees, 120 00
From all other sources, 12 82
Total income, $5,138 49
Ledger assets, Dec. 31, 1903, 30,421 11
Total, $35,559 60
70 SOUTH DANVERS MUTUAL FIRE INSURANCE CO.
Disbursements.
Net amount paid for losses, $210 61
Profits on terminated policies, 3,230 00
Commissions or brokerage, 15 68
Salaries, fees, etc., of officers and employees, .... 922 00
Rents, 120 00
Taxes and fees, 38 23
Loss on sale or maturity of ledger assets, .... 2,000 00
All other disbursements, 123 54
Total disbursements, $6,660 06
Balance, $28,899 54
Ledger Assets.
Stocks and bonds (Schedule A), $26,196 42
Cash in banks and office, 2,703 12
Total ledger assets $28*899 54
Non-Ledger Assets.
Interest accrued : —
On bonds, $165; other assets, $162.50, 327 50
Market value of stocks and bonds over book value, . . 1,424 58
Gross assets, $30,651 62
Liabilities.
Unearned premiums on outstanding risks, .... $11,976 42
Dividends due policy holders, 380 25
Salaries and other miscellaneous expenses, due or accrued, . 81 50
All liabilities, except surplus, $12,438 17
Surplus, 18,213 45
Total liabilities, $30,651 62
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1903, $1,131,358 00 $24,007 65 $72,022 95
Risks written during 1904, . 194,950 00 4,116 13 12,348 39
Total, $1,326,308 00 $28,123 78 $84,371 34
Risks expired and terminated, . 175,995 00 3,665 10 10,995 30
In force at end of year, . . $1,150,313 00 $24,458 68 $73,376 04
Amount reinsured, . . . 4,500 00 54 00 162 00
Net amount in force, . . $1,145,813 00 $24,404 68 $73,214 04
Miscellaneous.
Losses incurred during the year, $211 00
Profits or surplus returned during 1904, 20, 40, 60 and 100 per
cent.
traders' and mechanics' mutual FIRE INSURANCE CO. 71
Schedule A.
Stocks and Bonds owned by the Company.
Providence, R I., city bonds, .
Boston & Maine R R. bonds, .
N. Y. Cent. & Hudson River R.R. bonds,
20 shares Warren National Bank, Peabody,
20 " Naumkeag National Bank, Salem,
12 " First N'l B% Salem (in liquidate),
4 " State National Bank, Boston, .
4 " Andover National Bank, Andover,
1 share Cape Ann Nat'l Bank, Gloucester,
20 shares Naumkeag Steam Cotton Co.,
20 " Androscoggin Mills, .
2 " Nashua Manufacturing Co.,
15 " N. Y., N. H. & Hartford R.R.,
50 " Pennsylvania R.R., .
Book Value.
$4,184 44
3,084 50
2,094 37
2,000
2,000
600
560
400
150
2,045
2,000
960
3468
2,949
00
00
00
00
00
00
00
00
00
75
36
Market Value.
$4,340 00
3,210
1,990
2,500
2,800
600
581
440
150
1,020
2,300
1,230
2,985
3,475
00
00
00
00
00
00
00
00
00
00
00
00
00
$26,196 42 $27,621 00
TRADERS 1 AND MECHANICS' MUTUAL FIRE INSURANCE
COMPANY, LOWELL.
[Incorporated June, 1848. Commenced business June, 1848.]
CHARLES C. HUTCHINSON, President. . E. M. TUCKE, Secretary.
Amount of permanent fund,
$410,098 69
Income.
Net premiums, $171,639.51; extra premiums, $913.99, . . $172,553 50
Interest on mortgage loans, $2,926.31 ; collaterals, $809.48 ;
stocks and bonds, $20,705.35, 24,44114
Rents, 1,447 00
From all other sources, 19 75
Total income, $198,461 39
Ledger assets, Dec. 31, 1903, 616,432 66
Total, $814,894 05
Disbursements.
Net amount paid for losses, $63,581 48
Profits on terminated policies, 72,011 45
Commissions or brokerage, 25,763 39
Salaries, fees, etc., of officers and employees, .... 15,280 00
Rents, 1,696 00
Repairs and expenses on real estate, 429 71
Real estate taxes, $355.17 ; other taxes and fees, $2,592.56, . 2,947 73
Loss on sale or maturity of ledger assets, . . . . 6,918 08
All other disbursements, 10,573 52
Total disbursements, .
Balance,
$199,201 36
$615,692 69
72 traders' and mechanics' mutual FIRE INSURANCE CO.
Ledger Assets
Real estate, $14,250 ; mortgages, $79,072.60,
Loans secured by collateral (schedule A),
Stocks and bonds (Schedule B),
Cash in banks and office, ....
Agents 1 balances,
$93,322 60
15,086 00
476,100 00
9,751 09
21,433 00
Total ledger assets, $615,692 69
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $1,948.64; bonds, $1,487.50 ; collateral loans,
$139.85,
Market value of stocks and bonds over book value,
Gross assets,
3,575 99
59,152 50
$678,421 18
Liabilities.
Unpaid losses,
Unearned premiums on outstanding risks,
Dividends due policy holders, . . ...
Commissions and other charges due agents and brokers,
$1,611 55
314,976 51
2,269 23
3,077 23
All liabilities, except surplus, $321,934 52
Surplus, . » . 356,486 66
Total liabilities, $678,421 18
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31,1903, $40,658,912 00 $607,077 17
Risks written during 1904, . 11,852,415 00 181,633 86
Conting't Prem's.
$607,077 17
181,633 86
Total,.
Risks expired and terminated,
,511,327 00
11,289,286 00
$788,711 03 1788,711 03
171,522 55 171,522 55
In force at end of year,
. $41,222,041 00 $617,188 48 $617,188 48
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 20, 40 and 60 per cent.
$64,093 00
Schedule
- A.
Securities held as
Collateral.
»
Market Value.
Loaned Theieon.
2 shares Tremont & Suffolk Mills,
$174 00 I
$1,000 00
4
it
Lowell Gas Light Co.,
960 00 S
35
It
Tremont & Suffolk Mills,
3,025 00
3,000 00
145
(1
Massachusetts Electric, .
5,786 00 I
4,500 00
13
It
Swift & Co., .
1,339 00 ^
16
II
Merrimack Mfg. Co.,
1,090 00
786 00
30
II
Putnam & Son Co., .
3,000 00
3,000 00
6
It
Merrimack Mfg. Co.,
540 00
450 00
12
II
New England Tel. Co., .
1,606 00
1,350 00
10
It
Old Lowell National Bank,
1,080 00
1,000 00
$18,600 00 $15,086 00
WEST NEWBURY MUTUAL FIRE INSURANCE CO.
73
Schedule B.
Stocks and Bonds owned by the Company.
Andover town bonds,
Boston city bonds,
Boston & Maine R.R. bonds,
Fitchburg city bonds,
Fitchburg R.R. bonds,
Holyoke city bonds, .
Illinois Central R.R. bonds,
Long Island R.R. bonds, .
Massachusetts State bonds,
Maiden sewer bonds,
Marlborough water bonds,
Marblehead water bonds, .
Ogdensburg & Lake Champlain R.R. bonds,
Rutland Canadian R.R. bonds,
Quincy (111.) city bonds, .
New England R.R. bonds,
Maine Central R.R. bonds,
West End Street Railway bonds,
Chicago sanitary bonds, .
35 shares Bigelow Carpet Co.,
2
50
462
80
68
176
15
50
100
25
200
200
Hamilton Manufacturing Co.,
Lawrence Gas Company,
Lowell Gas Company,
Massachusetts Cotton Mills,
Massachusetts Cotton Mills, Ga.,
Merrimack Manufacturing Co.,
Middlesex Mills,
Tremont & Suffolk Mills,
Old Lowell National Bank,
Vermont & Massachusetts R.R.
Massachusetts Electric Co.,
Massachusetts Gas Co., .
Book Value.
$15,000 00
20,000 00
20,000 00
10,000 00
15,000 00
15,000 00
45,000 00
11,000 00
25*000 00
10,000 00
10,000 00
10,000 00
20,000 00
20,000 00
12,000 00
10,000 00
20,000 00
20,000 00
20,000 00
3,500 00
2,000 00
5,000 00
46,200 00
8,000 00
6,800 00
17,600 00
1,500 00
5,000 00
10,000 00
2,500 00
20,000 00
20,000 00
Market Value.
$16,237 50
21,000 00
23,400 00
10,800 00
15,900 00
16,275 00
40,800 00
12,045 00
23,687
10,875
10,825
10,700
19,400 00
19,400 00
12,390 00
12,650
20,450
21,100
20,600
3,762
1,330
7,250
110,880
6,800
6,800
11,990
780
4,350
10,800 00
4,375 00
11,600 00
16,000 00
50
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
$476,100 00 $535,252 50
WEST NEWBURY MUTUAL FIRE INSURANCE COMPANY,
WEST NEWBURY.
[Incorporated March, 1828. Commenced business April, 1828.]
RICHARD NEWELL, President. MYRON H. GOODWIN, Secretary.
[Note. — This company relies upon assessments on deposit notes to pay losses and ex-
penses.]
Income.
Assessments,
Policy fees,
Borrowed money,
Total income,
Ledger assets, Dec. 31, 1903,
Total,
$4,944 27
85 50
2,800 00
$7,829 77
141 60
$7,971 37
74
WEST NEWBURY MUTUAL FIRE INSURANCE CO.
Disbursements.
Net amount paid for losses, .
Commissions or brokerage, .
Salaries, fees, etc , of officers and employees, .
Rents,
Taxes and fees,
Borrowed money repaid, .
All other disbursements,
Total disbursements, .
Balance,
$4,162 72
249
17
397
00
15 00
48
97
2,850 00
184
96
$7,907
82
$63 55
Cash in banks and office,
Ledger Assets.
$63 55
Non-Ledger Assets.
Unpaid assessments and policy fee, .
Furniture, fixtures and safe,
Gross assets, ....
22 98
75 00
$161 53
Assets not admitted.
Furniture, fixtures and safes, ....
Total admitted assets, ....
75 00
$86 53
Liabilities.
Interest due or accrued, . .
Salaries and other miscellaneous expenses, due or accrued, .
Borrowed money,
All liabilities, except surplus,
14
219 50
4,100 00
$4,387 64
Risks and Premiums.
Amount. Conting't Prem's.
Risks outstanding Dec. 31, 1903, . . .$1,533,905 00 $102,836 13
Risks written during 1904, .... 219,737 00 15,814 88
Total, $1,753,642 00 $118,651 01
Risks expired and terminated, .... 257,202 00 15,996 77
In force at end of year,
. $1,496,440 00 $102,654 24
Miscellaneous.
Losses incurred during the year,
$4,142 00
WHITING MUTUAL INSURANCE CO. 75
WHITING MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated Nov. 9, 1898. Commenced business Jan. 1, 1899.]
CHARLES E. STEVENS, President. BENJAMIN TAFT, Secretary.
SI Milk Street.
Income.
Net premiums, $41,964^79
Interest on bonds, 1,430 83
Total income, f 43,395 62
Ledger assets, Dec. 31, 1903, 35,960 31
Total, $79,355 93
Disbursements.
Net amount paid for losses, . . . ... . . $11,902 73
Profits on terminated policies, .
Salaries, fees, etc., of officers and employees,
Taxes and fees,
All other disbursements, ....
17,119 41
1,354 50
744 63
3,729 80
Total disbursements, $34,851 07
Balance, $44,504 86
Ledger Assets.
Bonds (Schedule A) $35,000 00
Cash in banks and office, 8,080 22
Premiums in course of collection, 1,424 64
Total ledger assets $44,504 86
Non-Ledger Assets.
Interest accrued on bonds, 515 00
Gross assets, $45,019 86
Assets not admitted.
Depreciation in book value of bonds, 231 25
Total admitted assets, $44,788 61
Liabilities.
Unpaid losses, $200 00
Unearned premiums on outstanding risks, .... 37,125 96
Salaries and other miscellaneous expenses, due or accrued, . 93 10
All liabilities, except surplus, $37,419 06
Surplus, 7,369 55
Total liabilities, $44,788 61
76 WORCESTER MANUFACTURERS' MUTUAL INSURANCE CO.
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1903, $7,420,349 00
Risks written during 1904, . 6,575,004 00
Total, $13,995,353 00
Risks expired and terminated, . 4,560,548 00
In force at end of year, .
Amount reinsured, .
Net amount in force, .
1,434,805 00
839,261 00
Cash Prem's. Conting't Prem's.
$63,255 78 $126,511 56
43,860 24 87,720 48
!107,116 02 $214,232 04
33,822 97 67,645 94
$73,293 05
2,855 12
$146,586 10
5,710 24
^,595,544 00 $70,437 93 $140,875 86
Miscellaneous.
Losses incurred during the year, . . .
Profits or surplus returned during 1904, 60 and 75 per cent.
Schedule A.
Bonds owned by the Company.
Chicago Terminal Transfer R.R. Co. bonds,
American Bell Telephone Co. bonds,
New England Tel. & Tel. Co. bonds,
American Tel. & Telegraph Co. bonds,
Western Union Telegraph Co. bonds,
Lake Shore & Mich. Southern bonds,
Michigan Central R.R. bonds, .
N. Y., New Haven & Hartford R.R. bonds,
Boob Value.
$5,000 00
5,000 00
4,000 00
6,000 00
8,000 00
3,000 00
2,000 00
2,000 00
$11,185 00
Market Value.
$4,300 00
4,993
4,300
5,835
8,320 00
3,000 00
1,960 00
2,060 00
75
00
00
$35,000 00 $34,768 75
WORCESTER MANUFACTURERS 1 MUTUAL INSURANCE
COMPANY, WORCESTER.
[Incorporated March 31, 1855. Commenced business March 31, 1855.]
WALDO E. BUCK, President. CHARLES S. BACON, Secretary.
Income. ,
Net premiums, $551,135 87
Interest on stocks and bonds, $19,980.18; all other, $2,381 .27, 22,361 45
Premiums paid in advance, 356 89
Total income,
Ledger assets, Dec. 31, 1903,
$573,854 21
527,275 87
Total $1,101,130 08
Disbursements.
Net amount paid for losses, ....
Profits on terminated policies, ....
Salaries, fees, etc., of officers and employees, .
Rents, ,
Taxes and fees,
$42,685 96
461,851 96
10,758 60
1,000 00
5,859 28
WORCESTER MANUFACTURERS' MUTUAL INSURANCE CO. 77
Loss on sale or maturity of ledger assets, .... f 18 75
Inspections, etc., 8,097 65
1903 premiums paid in 1904, 163 13
All other disbursements, 2,095 97
Total disbursements, $532,53130
Balance, $568,598 78
Ledger Assets.
Stocks and bonds (Schedule A), $490,299 32
Cash in banks and office, 70,263 68
Premiums in course of collection, 8,035 78
Total ledger assets, $568,598 78
Non-Ledger Assets.
Interest accrued on stocks and bonds, 7,379 00
Market value of stocks and bonds over book value, . . 25,062 68
Gross assets, $601,040 46
Liabilities.
Unpaid losses, $1,041 87
Unearned premiums on outstanding risks, .... 272,062 05
Premiums paid in advance, 356 89
Taxes on net premiums, 1,460-02
All liabilities, except surplus, $274,920 83
Surplus, 326,119 63
Total liabilities, $601,040 46
Risks and Premiums.
Amount. Cash Prem's. Conting't Prems.
Risks outstanding Dec. 31, 1903, $63,098,445 00 $504,070 37 $2,520,351 85
Risks written during 1904, . 73,936,465 00 577,065 06 2,885,325 30
Total,. . . . $137,034,910 00 $1,081,135 43 $5,405,677 15
Risks expired and terminated, . 67,876,717 00 537,011 33 2,685,056 65
In force at end of year, . . $69,158,193 00 $544,124 10 $2,720,620 50
Miscellaneous.
Losses incurred during the year, $40,040 00
Profits or surplus returned during 1904, 90.35 per cent.
Schedule A.
Stocks and Bonds owned by the Company.
Book Value. Market Value.
100 shares Connecticut River R.R $25,000 00 $28,000 00
52 " Norwich & Worcester R.R., . . 10,700 00 11,752 00
100 " Union Pacific R R., . . . . 7,700 00 9,700 00
200 •• Northwestern Tel. Co., . . . 12,487 50 12,000 00
78
WORCESTER MUTUAL FIRE
Concord & Montreal R.R. bonds,
Boston & Lowell R.R. bonds, .
Chicago, Burlington & Quincy R.R. bonds,
Chicago & E. Illinois R.R. bonds, .
West End Street Railway bonds,
Chic, Rock Island & Pacific R.R. bonds, .
Rutland R.R. bonds, .
Old Colony R.R. bonds, .
Fitchburg R.R. bonds,
Boston & Maine R.R. bonds,
Union Pacific R.R. bonds, .
Oregon Short Line R.R. bonds,
Oregon R.R & Navigation Co. bonds,
Atchison, Topeka & Santa Fe R.R. bonds,
American Bell Telephone Co bonds,
American Tel. & Telegraph Co. bonds, .
Central R.R. of New Jersey bonds, .
Ogdensburg & Lake Champlain R'y bonds,
Wisconsin Central R'y bonds, .
Chic. June. R'y & Union Stock Y'd Co. bonds
Rio Grande Western R'y bonds,
Toronto, Hamilton & Buffalo R'y bonds, .
Erie R.R. bonds,
Cincin., Richmond & Muncie R.R. bonds,
Chicago & Cincinnati R.R. bonds, .
Boston & Albany R.R. bonds, .
Chicago, Burlington & Quincy R.R. bands,
Cincinnati & Indiana Western R.R bonds,
Northern Pacific & Gt. Northern R.R. bonds,
American Telephone & Telegraph Co. bonds,
Buffalo & Susquehanna R.R. bonds,
INSURANCE CO.
Book Value.
Market Value.
|20,000 00
$20,800 00
40,000 00
41,600 00
19,000 00
19,000 00
15,000 00
15,750 00
20,000 00
20,900 00
8,912 50
8,200 00
10,000 00
10,100 00
15,000 00
15,900 00
15,000 00
15,750 00
20,000 00
23,600 00
14,730 00
16,600 00
14,494 32
16,350 00
10,000 00
10,200 00
15,000 00
15,450 00
25,000 00
24,750 00
9,800 00
9,600 00
10,000 00
13,500 00
10,000 00
10,000 00
9,200 00
9,200 00
6,000 00
6,360 00
10,000 00
9,900 00
4,887 50
4,750 00
9,400 00
9,500 00
10,000 00
10,800 00
5,000 00
5,400 00
15,000 00
15,000 00
14,456 25
14,550 00
5,300 00
5,400 00
23,531 25
25,000 00
15,000 00
15,150 00
14,700 00
14,850 00
$490,299 32
$515,362 00
WORCESTER MUTUAL FIRE INSURANCE COMPANY,
WORCESTER.
[Incorporated Feb. 11, 1823. Commenced business May 1, 1824.]
LEWIS N. GILBERT, President. ROGER F. UPHAM, Secretary.
Amount of permanent fund,
$420,000 00
Income.
Net premiums, $139,273.17 ; extra premiums, $696.88, . $139,970 05
Interest on mortgage loans, $14,910. 17 ; collaterals, $272.50 ;
stocks and bonds, $13,685 ; all other, $641.59, . . . 29,509 26
Rents 8,352 34
Profit on sale or maturity of ledger assets, .... 8,243 05
Total income, $186,074 70
Ledger assets, Dec. 31, 1903, 804,974 53
Total, . $991,049 23
WORCESTER MUTUAL FIRE INSURANCE CO.
79
Disbursements.
Net amount paid for losses,
Profits on terminated policies,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees, .
Repairs and expenses on real estate,
Real estate taxes, $2,553.25 ; other taxes and fees,
Loss on sale or maturity of ledger assets,
All other disbursements,
Total disbursements,
!,255.63,
$40,389 12
92,218 83
19,591 57
14,393 15
476 56
4,808 88
6,381 39
7,987 29
$186,246 79
Balance, $804,802 44
Ledger Assets.
Real estate, $100,000; mortgages, $311,606, .
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B),
Cash in banks and office, .
Agents' balances,
Total ledger assets,
$411,606 00
5,450 00
350,500 00
20,732 34
16,514 10
$804,802 44
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $4,393.70; stocks and bonds, $4,801.62
lateral loans, $125.35 ; other assets, $50.69,
Rents due and accrued on company's property,
Market value of real estate over book value, .
Market value of stocks and bonds over book value,
Gross assets,
col-
9,371 36
699 57
12,600 00
12,517 00
$839,990 37
Liabilities.
Unpaid losses,
Unearned premiums on outstanding risks,
Dividends due policy holders, .
Due for return premiums,
All liabilities, except surplus, .
Surplus,
$4,800 00
308,823 21
13,424 48
1,047 61
$328,095 30
511,895 07
Total liabilities $839,990 37
Risks and Premiums.
Amount. Cash Prems. Conting't Prem's.
Risks outstanding Dec. 31, 1903, $44,305,095 00 $614,851 01 $614,851 01
Risks written during 1904, . 10,538,064 00 145,189 40 145,189 40
Total $54,843,159 00 $760,040 41 $760,040 41
Risks expired and terminated, . 10,916,897 00 153,633 08 153,633 08
In force at end of year,
$43,926,262 00 $606,407 33 $606,407 33
80
WORCESTER MUTUAL FIRE INSURANCE CO.
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 25, 50 and 70 per cent.
|40,105 00
Schedule A.
Securities held as Collateral.
60 shares Howard Bros. Manufacturing Co.,
Mechanics' Savings Bank book,
Schedule B.
Market Value. Loaned Thereon.
$6,000 00 $5,000 00
1,114 15 450 00
r ,114 15
Stocks and Bonds owned by the Company.
45 shares Quinsigamond National Bank,
Boston & Maine R.R. bonds,
Boston & Albany R.R. bonds, .
Cincin., Hamilton & Dayton R.R. bonds,
Portland & Rumford Falls R.R. bonds,
Fitchburg R.R. bonds,
N. Y., New Haven & Hartford R.R. bonds,
Worcester, Nashua & Rochester R.R. bonds,
Maine Central R.R. bonds,
West End Street Railway bonds,
Old Colony R.R. bonds, ....
Illinois Central R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
St. Paul, Minn. & Manitoba R.R. bonds, .
Boston & Lowell R.R. bonds, .
Chic, Rock Island & Pacific R.R. bonds, .
Concord & Montreal R.R. bonds,
Cincin., Rich. & Muncie R.R. bonds,
Central Pacific R.R. bonds,
N. Y. Central R.R. bonds,
Chicago & Cincinnati R.R. bonds, .
Toledo, Walhom. Valley & Ohio R.R. bonds,
Chicago & Western Indiana R.R bonds, .
Pere Marquette & Indiana R.R bonds, .
South Shore & Boston R.R. bonds, .
Book Value.
$4,500 00
15,000 00
15,000 00.
12,000 00
27,000 00
25,000 00
20,000 00
9,000 00
5,000 00
6,000 00
20,000 00
26,000 00
15,000 00
5,000
50,000
10,000
15,000
10,000 00
5,0U0 00
6,000 00
10,000 00
20,000 00
10,000 00
5,000 00
5,000 00
00
00
00
00
$5,450 00
Market Value.
$6,075 00
16,750 00
15,375 00
13,800 00
28,620 00
26,375 00
20,600
9,627
5,325
6,165
21,300 00
24,830 00
14,325
5,600
50,000
10,600
15,675
10,700
4,900
6,000 00
10,700 00
20,000 00
9,900 00
4,700 00
5,075 00
00
00
00
00
00
00
00
00
00
00
00
$350,500 00 $363,017 00
AGGREGATE.
81
AGGREGATE.
Guaranty capital, .
Admitted assets, .
Liabilities,
Assets.
Liabilities.
Income.
Cash received for premiums during the year,
for interest and dividends, .
for rents,
from all other sources, .
Total income,
Disbursements.
Cash paid for losses,
for brokerage and commissions on premiums,
for salaries and fees of officers and employees,
for State and local taxes,
for rents,
for return of profits or surplus, .
for dividends on guaranty capital,
for all other disbursements,
Total disbursements,
General Items.
Risks outstanding at end of year,
Amount of contingent premiums received thereon,
of losses incurred during the year,
of permanent fund, ....
$100,000
$13,346,162
1,464,951
$7,285,577
476,998
37,641
50,415
$7,850,631
$1,214,036
291,363
326,277
97,069
25,571
5,109,189
7,000
344,422
$7,414,927
$1,130,671,093
33,968,068
1,159,054
4,191,272
82 CHINA MUTUAL INSURANCE CO.
MASSACHUSETTS MUTUAL FIRE-MARINE INSURANCE
COMPANIES.
CHINA MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated April 30, 1853. Commenced business Oct. 1, 1853.]
EDMUND A. POOLE, President. WILLIAM H. LORD, Secretary.
Office, 70 Kilby Street.
Income.
Net marine premiums, $277,806 68
Interest on stocks and bonds, $6,678.60 ; all other, $491 .50, . 7,170 10
Profit on sale or maturity of ledger assets, .... 3,300 00
From all other sources, 700 00
Total income, $288,976 78
Ledger assets, Dec. 31, 1903, 274,477 02
Total, $563,453 80
Disbursements.
Net amount paid for marine losses, $247,384 74
Interest paid scrip holders, 15,084 30
Commissions or brokerage, 18,856 41
Salaries, fees, etc., of officers and employees, .... 20,875 00
Rents, 3,650 00
Taxes and fees, 1,953 99
Loss on ledger assets, 675 22
Interest on loans, 1,580 55
Balance of account paid Baring Bros. & Co., .... 7,401 50
All other disbursements, 5,704 73
Total disbursements, $323,166 44
Balance, $240,287 36
Ledger Assets.
Stocks and bonds (Schedule A) $126,452 00
Cash in banks and office, % . . 38,133 05
Agents' balances, 36,820 62
Bills receivable, 38,881 69
«
Total ledger assets, $240,287 36
Non-Ledger Assets.
Salvage, 5,000 00
Gross assets, $245,287 36
CHINA MUTUAL INSURANCE CO.
83
Assets not admitted.
Agents 1 balances over three months due,
Bills receivable, past due,
Total unadmitted assets, .
$195 00
1,334 50
$1,529 50
Total admitted assets,
$243,757 86
Liabilities.
Unpaid losses, $71,112 ; less reinsurance, $15,580, .
Unearned premiums on outstanding risks, $119,888.10, plus
same on disallowed reinsurance, $1,272.14,
Unpaid scrip ordered to be redeemed,
Interest due or accrued,
Salaries and other miscellaneous expenses, due or accrued, .
Commissions and other charges due agents and brokers,
Due for return premiums, $1,000 ; reinsurance, $1,300, .
All liabilities, except scrip and surplus, .
Surplus to policy holders, ....
Scrip outstanding not ordered to be redeemed,
Impairment of scrip reserve, ....
11,883 92
$55,532 00
121,160 24
60 00
321 70
1,000 00
1,500 00
2,300 00
$181,873 94
506,090 00
444,206 08
Marine risks outstanding Dec. 31, 1903,
Marine risks written during 1904, .
Risks and Premiums.
Premiums.
. $8,349,125 00 $215,854 29
. 20,850,752 00 349,607 39
Total,
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, .
Net amount in force, .
. $29,199,877 00 $565,461 68
. 20,564,677 00 345,495 47
. $8,635,200 00 $219,966 21
620,772 00 17,754 10
5,014,428 00 $202,212 11
Miscellaneous.
Premiums received from organization of compan}-,
Losses paid from organization of company, .
Marine and inland losses incurred during the vear,
$19,683,069 00
. 14,087,950 00
276,467 00
Schedule A.
Stocks, Bonds, etc., owned by the Company.
Book Value. Market Value.
400 shares N. Y., New Haven & Hart. R.R., . $79,600 00 $79,600 00
100 " Boston & Albany R.R., . . . 25,400 00 25,400 00
10 " Underwriters' Salvage Co., . . 1,000 00 1,000 00
Atlantic Mutual Insurance Co. scrip, . . 5,452 00 5,452 00
Boston & Maine R.R. bonds, .... 15,000 00 15,000 00
$126,452 00 $126,452 00
84 INDIA MUTUAL INSURANCE CO.
INDIA MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated March 29, 18G7. Commenced lousiness May 2, 1867.]
Guaranty Fund paid up in Notes, $150,000.
H. B. ALDEN, President. GEO. H. CROWE LL, Secretary.
Office, 72 Kilby Street.
Income.
Net fire premiums, $120,306 77
Interest on stocks and bonds, 4,804 20
Increase of subscription notes, 2,000 00
Total income, $127,110 97
Ledger assets, Dec. 81, 1903, 268,330 02
Total, $395,440 99
Disbursements.
Net amount paid for fire losses, $80,351 86
Interest and dividends to scrip holders, 4,849 33
Commissions or brokerage, 27,595 14
Salaries, fees, etc., of officers and employees, .... 7,013 00
Rents, 2,000 00
Taxes and fees, 1,599 48
Uncollected premiums, 792 38
All other disbursements, 3,577 90
Total disbursements, $127,779 09
Balance, $267,661 90
Ledger Assets.
Stocks and bonds (Schedule A), $90,890 63
Cash in banks and ofl&ce, 10,783 08
Agents' balances, 13,988 19
Subscripts notes on time not exceed'g twelve mos. not yet due, 152,000 00
Total ledger assets, • . . $267,661 90
Non-Ledger Assets.
Market value of stocks and bonds over book value, . . 24,114 37
Gross assets, $291,776 27
Assets not admitted.
Agents 1 balances over three months due, .... 718 91
Total admitted assets, $291,057 36
INDIA MUTUAL INSURANCE CO.
85
Liabilities.
Unpaid losses, $7,256.32; less reinsurance, $0.83, . . . $7,255 49
Unearned premiums on outstanding risks, $ 76,97 1.18 ; plus
same on disallowed reinsurance, $170.34, .... 77,141 52
Dividends due scrip holders, 639 39
Salaries and other miscellaneous expenses, due or accrued, . 217 85
Due for reinsurance premiums, 363 56
All liabilities, except guaranty fund and surplus, . . |85,617 81
Surplus to policy holders, .... $205,439 55
Guaranty fund 152,000 00
Scrip outstanding not ordered to be redeemed, . . . 150,471 00
Impairment of scrip reserve, 97,031 45
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
.$11,031,484 00
. 11,768,183 00
.$22,799,667 00
. 10,994,360 00
.$11,805,307 00
371,170 00
Premiums.
$148,957 13
143,341 47
$292,298 60
140,182 23
$152,116 37
3,957 17
.$11,434,137 00 $148,159 20
Miscellaneous.
Premiums received from organization of company, . . $4,165,440 00
Losses paid from organization of company, .... 2,926,740 00
Fire losses incurred during the year, 80,201 00
Cash dividends declared from organization of company, . 133,585 00
Schedule A.
Stocks, Bonds, etc., owned by the Company.
Chicago, Burlington & Quincy R.R. bonds,
150 shares Old Colony Railroad,
100 " Boston & Maine R.R., .
125 " West End St. R'y, .
110 " N. Y., N. H. & Hartford R.R.,
25 " Fitchburg R.R.,
10 " Boston & Albany R.R., .
25 " Pullman Co., ....
10 " Southern Oregon Co.,
60 " American Telegraph & Tel. Co.,
Company's own scrip,
$5,801 00
Book Value.
$9,533 75
18,750 00
14,550 00
9,872 75
20,376 88
2,383 25
2,116
3,240
843
9,225
00
00
00
00
Market Value.
$9,900 00
30,750 00
17,300 00
13,875 00
21,890 00
3,550 00
2,540 00
5,950 00
340 00
8,910 00
$90,890 63 $115,005 00
86
AGGREGATE.
AGGREGATE.
Whole amount of guaranty fund, in subscription notes,
Whole amount of outstanding scrip not cancelled,
Assets.
Admitted assets,
Liabilities.
Income.
Cash actually received for fire premiums, ....
actually received for marine premiums,
for interest and dividends from all sources,
from all other sources,
$152,000 00
656,561 00
$511,420 00
$267,493 00
$120,307 00
277,807 00
11,974 00
6,000 00
Total income,
$416,088 00
Disbursements.
Cash actually paid during the year for fire losses,
actually paid during the year for marine losses,
for brokerage and commissions on premiums, .
for salaries and pay of officers and employees, .
for rents, .
for State and local taxes,
for office, agency and incidental expenses,
Interest paid scrip holders,
$80,352 00
247,385 00
46,452 00
27,888 00
5,650 00
3,553 00
19,056 00
19,934 00
675 00
Total disbursements,
$450,945 00
Miscellaneous.
Fire risks outstanding at end of year,
Marine risks outstanding at end of year, ....
Fire losses incurred during the year,
Marine losses incurred during the year, ....
$11,434,137
8,014,428
80,201
276,467
AMERICAN INSURANCE CO.
87
MASSACHUSETTS JOINT-STOCK FIRE, MARINE AND
FIRE-MARINE INSURANCE COMPANIES.
AMERICAN INSURANCE COMPANY, BOSTON.
[Incorporated June 12, 1818. Commenced business June IS, 1818.]
Paid-up Capital, $300,000.
FRANCIS PEABODY, President. HENRY S. BEAN, Secretary.
Office, 30 Kilby Street.
Income.
Net fire premiums, $422,263 88
Interest on mortgage loans, $1,550.76; stocks and bonds,
$22,307.65; all other, $980.03 24,838 44
Profit on sale or maturity of ledger assets, .... 61,160 84
From all other sources, 3,735 00
Total income, $511,998 16
Ledger assets, Dec. 31, 1903, . . . . . . . 749,850 60
Total, . $1,261,848 76
Disbursements.
Net amount paid for fire losses,
Interest and dividends to stockholders, .
Commissions or brokerage, .
Salaries, fees, etc., of officers and employees, ,
Rents,
Taxes and fees,
All other disbursements,
Total disbursements, ....
Balance,
$406,772 60
18,000 00
91,875 88
24,148 95
2,140 00
15,851 54
43,941 30
$602,730 27
$659,118 49
Ledger Assets.
Mortgages, ....
Stocks and bonds (Schedule A),
Cash in banks and office, .
Agents 1 balances,
Total ledger assets, .
$32,000 00
536,168 23
30,627 18
60,323 08
$659,118 49
88
AMERICAN INSURANCE CO.
Non-Ledger Assets.
Interest accrued : —
On mortgages, $248.19 ; stocks and bonds, |5,993.72,
Market value of stocks and bonds over book value,
Gross assets,
$6,241 91
19,354 77
$684,715 17
Liabilities.
Unpaid losses, $43,646.98 ; less reinsurance, $8,112.08, .
Unearned premiums on outstanding risks, $280,293.71 ; plus
same on disallowed reinsurance, $150, . . .
Salaries and other miscellaneous expenses, due or accrued, .
Commissions and other charges due agents and brokers,
Due for reinsurance premiums,
All liabilities, except capital and surplus,
Surplus to policy holders, .
Paid-up capital, ......
Surplus over capital and general liabilities, .
$361,681 88
$35,534 90
280,443 71
1,395 46
178 84
5,480 38
$323,033 29
300,000 00
61,681 88
Total liabilities,
,715 17
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
. $66,351,239 00
. 61,503,917 00
Premiums.
$805,511 11
819,956 34
$127,855,156 00 $1,625,467 45
. 50,731,647 00 662,096 25
. $77,123,509 00
. 30,248,318 00
$963,371 20
342,247 29
.$46,875,191 00 $621,123 91
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, . • .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
$15,321,156 00
. 9,596,191 00
411,000 00
. 2,937,000 00
18,000 00
60,300 00
Schedule A.
Stocks, Bonds, etc., owned by the Company.
Old Boston National Bank stock,
Tremont Nat'l Bank stock (in liquidation),
Atlantic Mutual Ins. Co. scrip, .
Boston & Lowell R.R. Co. stock,
Old Colony R.R. Co. stock,
Massachusetts Electric Co. stock,
Merrimack Manufacturing Co stock,
Pemberton Building Trust stock,
Book Value.
$12,200 00
1,400 00
5,210 00
6,500 00
12,400 CO
9,945 00
12,800 00
10,300 00
Market Value.
$12,566 00
182 CO
5,400
16,055
25,637
6,018
8,160
00
00
00
CO
00
9,000 00
BOSTON INSURANCE CO.
89
Claverly Trust stock, ....
Underwriters Salvage Co. stock,
Chicago, Burl. & Quincy R.R. bonds,
Chicago, Mil. & St. Paul R.R. bonds,
Cincin., Ind., St. Louis & Chicago R.R. bonds
State of Massachusetts bonds, .
Boston Terminal Co. bonds,
Somerset Hotel Trust bonds, .
Northern Pac. Gt. Northern joint bonds, .
Central Union Telephone Co. bonds,
American Telephone & Telegraph Co. bonds,
Eastern Steamship Co. bonds, .
Pennsylvania Steel Trust Co. bonds,
Terminal R'y Association of St. Louis bonds,
Atch., Topeka & Santa Fe R.R. bonds,
Louisville & Nashville (gold) bonds,
Ft. Street, Detroit, Union Depot bonds, .
American Bell Telephone Co. bonds,
United Elec Securities Co. (debent ) bonds,
Baltimore & Ohio R.R. bonds, .
City of Boston bonds, ....
St. Louis National Stock Yards bonds,
Lackawanna Steel Co. bonds, .
Wabash Pittsburg Terminal Co. bonds, .
Book Value.
$5,000 00
500 00
40,000 00
25,000 00
40,000 00
18,571 50
22,194 00
50,000 00
7,540 00
25,101 00
20,000 00
10,440 00
9,762 00
19,456
4,725
9,641
7,563
9,675
10,000 00
8,925 00
86,209 48
5,700 00
20,285 00
9,125 00
00
00
25
00
00
Market Value.
$5,000 00
5C0 00
40,000 00
31,500 00
40,000 00
18,315 00
22,1C0 00
50,000 00
7,920 00
23,750 00
19,450 00
10,000 00
10,000 00
19,910 00
4,912 50
9,675 00
7,560 00
9,975 00
10,200 00
9,400 CO
86,487 50
5,700 CO
21,000 00
9,150 00
$536,168 23 $555,523 00
BOSTON INSURANCE COMPANY, BOSTON.
[Incorporated Dec. 23, 1873. Commenced business Jan. 20, 1871.]
Paid-dp Capital, $1,000,000.
RANSOM B. FULLER, President. THOMAS H. LORD, Secretary.
Office, 137 Milk Street.
Income.
Net tire premiums, $636,699.79; marine, $909,305. 17, . . $1,546,004 96
Interest on mortgage loans, $48,765.25; collaterals, $3,-
657.17; stocks and bonds, $75,446.56; all other, $10,336.63, 138,205 61
Rents 1,536 34
Profit on sale or maturity of ledger assets, .... 4,182 58
From all other sources, 11,495 83
Total income,
Ledger assets, Dec. 31, 1903,
Total, ....
. $1,701,425 32
. 3,681,097 59
. $5,382,522 91
Disbursements.
Net amount paid for fire losses, $583,899.13; marine,
$404,829.04
Interest and dividends to stockholders, .
Commissions or brokerage,
Salaries, fees, etc , of officers and employees,
Rents,
$988,728 17
120,000 00
263,165 77
141,371 89
16,521 49
90
BOSTON INSURANCE CO.
Repairs and expenses on real estate,
Real estate taxes, $273.80; other taxes and fees,
Loss on sale or maturity of ledger assets,
Doubtful accounts charged off,
All other disbursements,
Total disbursements,
Balance,
57,882.36,
$800 59
38,156 16
3,065 77
18,022 95
67,044 08
,656,876 87
1,725,646 04
Ledger Assets.
Real estate, $18,066.91 ; mortgages, $1,104,450
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B),
Cash in banks and office, .
Agents 1 balances, ....
Bills receivable, ....
Atlantic Mutual Insurance Co. scrip,
Total ledger assets, .
$1,122,516
91
55,750
00
1,812,624
24
438,525
24
222,956
70
72,042
95
1,230 00
$3,725,646
04
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $10,402.86; stocks and bonds, $4,247.50 ; col-
lateral loans, $507.64,
Market value of stocks and bonds over book value,
Return premiums and reinsurance,
Gross assets,
15,158 00
229,611 05
6,225 39
$3,976,640 48
Assets not admitted.
Agents 1 balances over three months due,
Bills receivable, past due,
Total unadmitted assets, .
Total admitted assets,
$17,411 05
95 63
17,506 68
$3,959,133 80
Liabilities.
Unpaid losses, including $1,450 resisted, $248,194.66; less
reinsurance, $19,189.67, $229,004 99
Unearned premiums on outstanding risks, $821,009.40, phis
same on disallowed reinsurance, $400. OS, .... 821,40948
Commissions and other charges due agents and brokers, . 28,769 06
Due for reinsurance premiums, . . . . - . . 4,083 26
Contingent salvage, 5,955 00
All liabilities, except capital and surplus, . . . $1,089,221 79
Surplus to policy holders, .... $2,869,912 01
Paid-up capital, 1,000,000 00
Surplus over capital and general liabilities, .... 1,869,912 01
Total liabilities, .
$3,959,133 80
BOSTON INSURANCE CO.
91
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
Marine risks outstanding Dec. 31, 1903,
Marine risks written during 1904, .
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
1110,195,512 00
. 97,513,925 00
$207,709,437 00
. 85,379,651 00
$122,329,786 00
23,410,037 00
Premiums.
$1,164,099 69
979,369 56
$2,143,469 25
891,474 94
$1,251,994 31
242,739 62
$98,919,749 00 $1,009,254 69
$6,839,892 00
142,545,242 00
$149,385,134 00
136,146,145 00
$13,238,989 00
505,983 00
$350,617 24
1,103,500 86
il,454,118 10
966,578 71
$487,539 39
24,311 44
.$12,733,006 00 $463,227 95
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent.),
Company's stock owned by directors, ....
$39,072,859 00
25,783,163 00
583,113 00
419,011 00
2,720,000 00
120,000 00
113,600 00
Schedule A.
Securities held as Collateral.
25 shares Martha's Vineyard Nat'l Bank,
83
375
10
10
20
2,000
72
Boston Safe Deposit & Trust Co
Eastern Steamship Co.,
Bangor & Aroostook R.R. Co.,
Aroostook Construction Co.,
Northern Telegraph Co.,
Bangor Investment Co ,
Northern Maine Seaport R.R. Co
.Market Value.
$2,875 00
24,900 00
18,750 00
1,500 00^1
45,056 80 |
2,121 20 y
2,000 00 |
367 92 J
Loaned Thereon.
$2,250 00
10,000 00
8,500 00
35,000 00
SCHEDULE B.
$97,570 92 $55,750 00
Stocks and Bonds owned by the Company.
Book Value. Market Value.
Atchison, Topeka & Santa Fe R.R. bonds, . $61,607 43 $85,917 50
Boston & Lowell R R. bonds, .... 25,500 00 26,250 00
Chicago, Burlington & Quincy R.R. bonds, . 6,000 00 6,090 00
92
BOSTON INSURANCE CO.
City of Boston bonds,
City of Newton bonds,
Eastern Steamship Co. bonds,
Fitchburg R.R. bonds,
Illinois Central R.R. bonds,
N. Y. Central & Hudson River R.R. bonds,
Old Colony R.R. bonds, .
Oregon Short Line R'y bonds,
Pennsylvania R R. Co. bonds,
Southern R'y Co. bonds, .
West Shore R.R. bonds, .
Wisconsin Central Co. bonds,
1,500 shares American Tel. & Telegraph Co.
10
10
2,000
350
100
220
50
250
250
250
50
250
1,000
1,000
72
20
100
1,200
300
60
100
130
1C0
182
100
300
100
125
17
100
376
100
200
100
150
150
300
50
107
Aroostook Construction Co.,
Bangor & Aroostook R R. Co ,
Bangor Investment Co.,
Boston & Albany R.R,,
Boston & Lowell R.R., .
Chic, Mil. & St. Paul R'y Co.,
Conn. & Passumpsic R.R. Co.,
Delaware & Hudson Co.,
Edison Electric Illuminating Co.
Fitchburg R.R. Co., .
Manchester & Lawrence R.R. Co.
Manchester Mills,
N. Y. Cent. & Hud. R. R.R. Co ,
N. Y., N. H. & Hart. R.R. Co.,
Northern Maine Seaport R.R. Co.
Northern Telegraph Co ,
Old Colony R.R. Co., .
Pennsylvania R.R. Co ,
Pullman Palace Car Co ,
Wisconsin Central R'y Co.,
Atlantic Bank,
Beverly Bank,
Brookline Bank, .
Commercial Bank,
Exchange Bank, .
First Bank, .
First B'k, Salem (in liquidation)
Freeman's Bank, .
Grand Bank, Marblehead,
Mercantile Bank, Salem,
Merchants' Bank, .
Merchants' Bank, Salem,
National Shawmut Bank,
Naumkeag Bank, Salem,
New England Bank,
Republic Bank,
State Bank, .
Tremont Bank (in liquidation),
Webster Atlas Bank, .
00
00
91
00
50
50
00
00
33
26
80
00
00
Book Value.
$126,148 33
25,500
50,000
36,697
23,750
33,412
16,462
10,600
10,000 00
2,510 22
5,175
11,718
190.928
45,056
1,500
2,000
72,624 27
16,412 50
24,362 50
6,213 25
45,843 75
57,952 22
20,808
12,582
25,000
129,090
192,442 78
367 92
2,121
17,712
71,771
35,411
7,812
15,593 00
16,603 00
10,000 CO
34,955 00
11,625
56,663
7,793
11,050
2,040
12,285 37
62,357 13
6,822 75
30,000 00
14,290 00
20,584 00
19,391 12
39,886 08
3,306 50
14,282 75
38
50
00
00
20
50
88
25
23
00
00
13
00
00
Market Value.
$133,250 00
26,375
50,000
36,787
24,125
33,087 50
15,787 50
13,250
10,325
1,990
5,525
11,100
219,750
45,056
1,500
2,000
88,900 CO
24,200 00
37,840 00
8,100 00
46,250
63,750
35,500
12,250
23,250
142,C00 00
199,000 00
367 92
2,121
20,500
82,800
71,400
4,042
13,400
18,850
12,625
24,570
14,700
73,500
5,000
12,750
1,870
10,000 00
69,607 00
6,525 00
50,950 00
13,675 (0
20,925 00
22,837
43,575
2,500
13,936
00
00
50
00
62
00
00
00
00
00
80
00
00
00
00
00
00
00
20
00
00
00
50
00
00
00
00
CO
00
00
00
00
50
00
00
75
,812,624 24 $2,042,235 29
MERCANTILE FIRE AND MARINE INSURANCE CO.
93
MERCANTILE FIRE AND MARINE INSURANCE COMPANY,
BOSTON.
[Incorporated Feb. 11, 1S23. Commenced business May, 1823.]
Paid-up Capital, $400,000.
GEO. T. CRAM, President. JAMES SIMPSON, Secretary.
Office, 47 Kilby Street.
Income.
Net fire premiums, $322,216 05
Interest on mortgage loans, $6,822.25; collaterals, $480;
stocks and bonds, $15,522.66; all other, $2,019.25, . . 24,844 16
Profit on sale or maturity of ledger assets, .... 15,816 29
From all other sources, 9,502 00
Total income, $372,378 50
Ledger assets, Dec. 31, 1903, 644,882 04
Total, $1,017,260 54
Disbursements.
Net amount paid for fire losses, $239,505 82
Interest and dividends to stockholders, 32,000 00
Commissions or brokerage, 83,844 82
Salaries, fees, etc., of officers and employees, . . . 17,640 84
Rents, 2,908 41
Taxes and fees, 6,598 51
Loss on sale or maturity of ledger assets, .... 2,394 75
All other disbursements, 6,430 78
Total disbursements, $391,323 93
Balance, $625,936 61
Ledger Assets.
Mortgages $195,600 00
Loans secured by collateral (Schedule A), .... 12,00000
Stocks and bonds (Schedule B), 333,143 89
Cash in banks and office, 27,428 86
Agents 1 balances, 57,763 86
Total ledger assets, $625,936 61
Non-Ledger Assets.
Interest accrued : —
On mortgages, $1,297.44; stocks and bonds, $3,333.31 ; col-
lateral loans, $146.67, 4,777 42
Market value of stocks and bonds over book value, . . 70,511 11
Gross assets, $701,225 14
94
MERCANTILE FIRE AND MARINE INSURANCE CO.
Liabilities.
Unpaid losses, including $7,570.45 resisted, $28,135.07 ; less
reinsurance, $18,265.28,
Unearned premiums on outstanding risks, $214,057.05; plus
same on disallowed reinsurance, $3,482.03, .
Salaries and other miscellaneous expenses, due or accrued, .
All liabilities, except capital and surplus,
Surplus to policy holders, .
Paid-up capital, .......
Surplus over capital and general liabilities, .
$473,213 67
$9,869 79
217,539 08
602 60
$228,011 47
400,000 00
73,213 67
Total liabilities, $701,225 14
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
.$70,235,036 00 $881,515 21
. 63,367,113 00 849,020 94
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
$133,602,149 00 $1,730,536 15
. 58,707,747 00 802,148 27
. $74,894,402 00 $928,387 88
. 43,098,317 00 529,071 22
. $31,796,085 00 $399,316 66
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Stock dividends declared fiom organization of company,
Dividends declared during the year (8 per cent ), .
Company's stock owned by directors, ....
$12,149,260 00
7,380,270 00
233,384 00
2,408,720 00
100,000 00
32,000 00
133,000 00
Schedule A.
Securities held as Collateral.
500 shares Long Island R.R.,
Market Value. Loaned Thereon.
$32,000 00 $12,000 00
Schedule B.
Stocks and Bonds owned by the Company.
City of Boston, Mass., bonds, .
City of Cambridge, Mass., bonds,
City of Lowell, Mass., bonds, . •
City of Providence, R I., bonds,
City of Taunton, Mass., bonds,
Boston & Albany 11. R. bonds, .
Boston & Lowell R R. bonds, .
Boston & Maine R.R. bonds,
Boston Terminal Co. bonds,
Book Value.
$10,000 00
5,000 00
5,000 00
10,000 00
5,000 00
15,000 00
5,000 00
10,000 00
42,700 00
Market Value.
$10,400 00
5,200
5,350
10,800
5,400
15,300
5,150
10,800
CO
00
00
00
00
00
00
44,400 00
SPRINGFIELD FIRE AND MARINE INSURANCE CO.
95
Chicago, Burlington & Quincy R.R. bonds,
Cleveland Terminal & Valley R.R. bonds,
Concord & Montreal R.R. bonds,
Fitchburg R.R. bonds, ....
Kansas City, Ft. Scott & Memphis R.R. bonds
New York Central R.R. bonds,
N. Y., New Haven & Hartford R.R. bonds,
Northern Pacific & Gt. Northern R.R. bonds,
Old Colony R.R. bonds, .
Oregon R'y & Navigation Co. bonds,
West End R.R. bonds,
American Telephone & Tel. Co. bonds,
National Shawmut Bank stock,
New England National Bank stock,
Second National Bank stock, .
State National Bank stock,
Union National Bank stock,
Boston & Providence R.R. stock,
Union Pacific R.R. stock, .
Book Value.
$10,000 00
4,975 00
10,000 00
14,000 00
5,000 00
7,000 00
17,323 75
14,775 00
25,000 00
10,040 00
15,000 00
14,900 00
5,500 00
16,000 00
7,600 00
13,300 00
20,000 00
11,530 14
3,500 00
00
00
00
00
00
Market Value.
$9,600 00
5,000 00
10,400
14,280
6,250
7,000
16,490
14,850 00
26,250 00
10,200 00
15,300 00
14,550 00
13,970 00
22,400 00
8,200 00
19,285 00
35,000 00
37,875 00
3,955 00
$333,143 89 $403,655 00
SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY,
SPRINGFIELD.
[Incorporated 1849. Commenced business 1851.]
Paid-up Capital, $2,000,000.
A. W. DAMON, President. W. J. MACKAY, Secretary.
Income.
Net fire premiums, $3,500,605 23
Interest on mortgage loans, $27,772.66 ; collaterals, $774.37 ;
stocks and bonds, $179,488.06; all other, $3,328.68, . . 211,363 77
Rents, including company's own occupancy, .... 10,468 43
Profit on sale or maturity of ledger assets, .... 176,773 21
Total income,
Ledger assets, Dec. 31, 1903, .
. $3,899,210 64
. 5,392,090 37
Total \ $9,291,301 01
Disbursements.
Net amount paid for fire losses, $2,188,590 34
Interest and dividends to stockholders, 200,000 00
Commissions or brokerage, 664,278 63
Salaries, fees, etc., of officers and employees, .... 158,657 92
Rents, including company's own occupancy, .... 5,800 00
Real estate taxes, $3,628. 10 ; other taxes and fees,$ 119,876. 70, 123,504 80
All other disbursements, 322,760 52
Total disbursements, $3,663,592 21
Balance, $5,627,708 80
96
SPRINGFIELD FIRE AND MARINE INSURANCE CO.
Ledger Assets.
Real estate, $432,476.02 ; mortgages, $548,424,
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B),
Cash in banks and office, .....
Agents' balances,
Total ledger assets,
$980,900 02
16,100 00
3,586,885 16
470,491 74
573,331 88
£5,627,708 80
Non-Ledger Assets.
Interest accrued : —
On mortgages, $13,868.10 ; stocks and bonds, $31,457.50 ; col-
lateral loans, $302. 50 ; other assets, $509.60,
Rents accrued on company's property, . . . . .
Market value of stocks and bonds over book value,
Gross assets,
46,137 70
537 84
783,989 84
1,458,374 18
Assets not admitted.
Special deposits less $39,762.52 liab. thereon, .
Depreciation in book value of real estate,
Total unadmitted assets, ....
,237 48
11,476 02
41,713 50
Total admitted assets,
1,416,660 68
Liabilities.
Unpaid losses, including $24,997.07 resisted, $287,585.10;
less reinsurance, $46,274.16, $241,310 94
Unearned premiums on outstanding risks, $2,630,601.04 ; plus
same on disallowed reinsurance, $8,669.20, . . . . 2,639,270 24
All liabilities, except capital and surplus,
Surplus to policy holders, . . . .
Paid-up capital,
Surplus over capital and general liabilities, .
-3,536,079 50
$2,880,581 18
2,000,000 00
1,536,079 50
Total liabilities,' $6,416,660 68
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
$482,144,996 00 $5,459,951 68
.393,120,185 00 4,737,951 30
Total,
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, .
$875,265,181 00 $10,197,902 98
.368,579,818 00 4,359,504 78
$506,685,363 00 $5,838,398 20
. 64,623,671 00 727,384 97
Net amount in force, .
$442,061,692 00 $5,111,013 23
SPRINGFIELD FIRE AND MARINE INSURANCE CO.
97
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Stock dividends declared from organization of company,
Dividends declared during the year (10 per cent.),.
Company's stock owned by directors, ....
$58,102,995
34,404,521
2,238,114
4,754,542
1,500,000
200,000
118,300
00
00
00
00
00
00
CO
Schedule A.
Securities held as Collateral.
15 shares Agawam Nat'l Bank, Springfield,
90 " Revere, Mass., Water Co.,
30 " Eastern Oil Co., Olean, X. Y., .
22 " Boston & Albany R.R., .
Schedule B.
Market Value. Loaned Thereon.
$900 00 1 1,100 00
18,000 00 9,000 00
3,000 00 2,000 00
5,500 00 4,000 00
Stocks and Bonds owned by the Company.
500 shares
1,500
(<
500
IC
1,150
II
400
((
500
tt
500
IC
900
tt
3,000
11
500
11
4,800
tt
240
(1
200
tt
300
tt
200
tt
150
tt
100
tt
62
CI
150
tt
250
tt
230
tt
143
II
150
It
100
II
100
It
100
It
91
tt
120
tt
250
tt
300
tt
200
tt
350
It
200
tt
300
II
A ten., Top. & Santa Fe R'y,
Boston & Albany R R.,
Boston & Lowell R.R.,
Chic, Mil. & St. Paul R'y,
Connecticut River R.R.,
Conn. & Passumpsic Rivers R.R.
Fitchburg R.R.,
Illinois Central R.R., .
N. Y., New Haven & Hart. R.R.,
Old Colony R.R , .
Pennsylvania R.R.,
Rome, Watert'n & Ogdens. R.R.,
Fourth National Bank, N. Y.,
Nat'l Bank of Commerce, N. Y.,
Nat'l Bank of No. America, N. Y.
Boy Is ton Nat'l Bank, Boston,
Eliot National Bank, Boston,
Freeman's National Bank, Boston
Merchants 1 National B'k, Boston
Nat'l Bank of Commerce, Boston
Nat'l B'k of the Republic, Boston
Nat'l Exchange Bank, Boston,
Nat'l Shawm ut Bank, Boston,
New England Nat'l Bank, Boston
Old Boston Nat'l Bank, Boston,
Second National Bank, Boston,
Webster & Atlas N'l B'k, Boston
Agawam Nat'l Bank, Springfield
Chapin Nat'l Bank, Springfield,
Chicopee Nat'l Bank, Springfield
City National Bank, Springfield,
First Nat'l Bank, Springfield,
John Hancock N'l B'k, Springfield
Second Nat'l Bank, Springfield,
38
37
25
00
00
00
Book Value.
|50,125 00
195,086
111,425
151,746
98,800
50,000
51,875
101,368 78
386,851 17
91,081 26
296,879 14
22,900 00
23,880 75
48,380 13
28,212 76
21,238 00
10,496 75
6,746 75
20,083 00
34,512
35,817
19,554
22,500
15.220
12,216
19,000
11,760
25,424
31,302
41,694 00
28,025 00
49,345 00
24,094 50
46,081 00
13
50
12
00
50
25
00
00
00
50
127,400 00 $16,100 00
Market Value.
$50,000 00
375,000
120,000
211,250
112,000
52,500
70,000 00
139,500 CO
594,000
102,500
331,200
31,200
45,000
70,500
44,000
15,450
17,800
6,324
27,750
38,000
34,960
21,021
38,250
13,900 00
10,200 00
20,500
12,285
7,200
30,000
46,500 00
30,000 00
38,500 00
20,000 00
43,500 00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
98
SPRINGFIELD FIRE AND MARINE INSURANCE CO.
395 shares Third National Bank, Springfield,
200 " First National Bank, Chicopee, .
95 " Franklin Co. N'l B% Greenfield,
300 " City National Bank, Holyoke,
100 " Holyoke National Bank, Holyoke
100 " Monson Nat'l Bank, Monson,
20 " Adams National B'k, No. Adams
60 " First Nat'l Bank, Northampton,
50 " Northampton N'l B'k, N'hampton
37 " Palmer National Bank, Palmer,
75 " Ware National Bank, Ware,
100 " St. Paul N'l B% St. Paul, Minn.
45 " Holyoke Water Power Co.,
1,000 " Mass. Gas Companies, .
500 " Pullman's Palace Car Co.,
200 " American Express Co.,
500 " Wells, Fargo & Co., .
140 " Hampshire Street R'y, •
700 " Holyoke Street Railway,
1,000 " Springfield Street Railway,
1,000 " West End Street Railway,
1,000 " Worcester R'ys & Investm't Co.
City of Boston bonds,
Port of Portland bonds, .
State of Georgia bonds, .
Valencia County, New Mex , bonds,
Chicago, Burlington & Quincy R.R. bonds,
Chicago & Northwestern R'y bonds,
Northern Pacific-Great Northern bonds,
Oregon Short Line bonds,
St. Paul, Minn. & Manitoba R'y bonds,
Union Pacific bonds,
American Writing Paper Co. bonds,
Holyoke Street R'y bonds,
Torrington Co bonds,
55
00
00
Book Value.
$66,505 00
28,138 00
11,678 00
33,328 75
15,800 00
13,331 00
2,910 00
8,686 50
7,524 00
5,355 00
8,289
10,000
15,750
86,000 00
53,411 60
42,025 00
111,937 50
14,000 CO
117,385 00
185.828 00
135,900
101,412
27,075
50,000 00
11,425 00
10,550 00
9,000 00
50,687 50
12,493 82
13,525 05
52,750 00
19,954 40
14,000 00
31,506 00
25,000 00
00
50
00
00
00
00
00
00
00
Market Value.
$82,950 00
24,000 00
9,975 00
33,300 00
15,800 00
11,000 00
2,400 00
7,500
10,000
3,330
7,875
10,500
14,625
80,000 00
117,500 00
42,000 00
120,000 00
14,000 00
140,000 00
200,000 00
157,250 00
100,000 00
25,000 00
50,000 00
10,000 00
10,000 00
9,000 00
53,580 00
25,000 00
15,000 00
54,000
22,000
16,000
31,500
00
00
00
00
25,000 00
$3,586,885 16 $4,370,875 00
AGGREGATE.
99
AGGREGATE,
Capital Stock.
Whole amount of capital actually paid up in cash,
Assets.
Liabilities.
Income.
Cash actually received for lire premiums, ....
actually received for marine premiums,
for interest and dividends from all sources,
from all other sources,
$3,700,000
$11,761,735
$4,520,847
$4,881,785
909,305
399,252
294,670
Total income,
$6,485,012
Disbursements.
Cash actually paid during the year for fire losses,
actually paid during the year for marine losses,
dividends to stockholders,
for brokerage and commissions on premiums, . .
for rents,
for salaries and pay of officers and employees, .
for State and local taxes,
for office, agency and incidental expenses, .
$3,418,768
404,829
370,000
1,103,166
27,369
341,817
184,110
464,464
Total disbursements,
$6,314,523
Miscellaneous
Cash dividends declared during the year, ....
Fire risks outstanding
Marine risks outstanding,
Fire losses incurred daring the year,
Marine losses incurred during the year, ....
$370,000
619,652,717
12,733,006
3,465,611
419,011
100
JETNA INSURANCE CO.
FIRE, MARINE AND FIRE-MARINE INSURANCE COM-
PANIES OF OTHER STATES.
"^TNA INSURANCE COMPANY," HARTFORD, CONN.
[Incorporated June, 1819. Commenced business Aug. 17, 1819.]
Paid-up Capital, $4,000,000.
WM. B. CLARK, President. WM. H. KING* Secretary.
Income.
Net fire premiums, $5,517,601.09 ; marine, $331,186.87,
Deposit premiums on perpetual risks, ....
Interest on mortgage loans, $636 ; stocks and bonds, $582,
672.96,
Profit on sale or maturity of ledger assets,
From all other sources,
Total income, .
Ledger assets, Dec. 31, 1903,
$5,848,787 96
4,956 42
583,308 96
1,480 56
282 41
Total,
$6,438,816 31
12,992,761 30
,431,577 61
Disbursements.
Net amount paid for fire losses, f 3,358,449. 07 ; marine, $212,
520.46
Deposit premiums returned,
Interest and dividends to stockholders,
Commissions or brokerage,
Salaries, fees, etc., of officers and employ
Repairs and expenses on real estate,
Taxes and fees, .....
Loss on sale or maturity of ledger assets
Profit and loss,
All other disbursements, .
Total disbursements, .
Balance,
ees,
$3,570,969 53
3,213 67
672,000 00
988,291 05
354,356 04
167 46
136,156 93
95,948 24
18,378 70
369,781 21
. $6,209,262 83
$13,222,314 78
Ledger Assets.
Real estate, $424,751.09; mortgages, $12,600, . . . $437,35109
Stocks and bonds (Schedule A), 11,193,279 13
Cash in banks and office, 998,666 30
Agents' balances, 593,018 26
Total ledger assets,
$13,222,314 78
^TNA INSURANCE CO.
101
Non -Ledger Assets.
Interest accrued : — *
On mortgages, $192.66 ; other assets, $563.16,
Market value of real estate over book value, .
Market value of stocks and bonds over book value,
Gross assets,
$755 82
248 91
. 2,399,804 73
$15,623,124 24
Assets not admitted.
Agents 1 balances over three months due, . $20,175 65
Special deposits less $264,525.02 liab. thereon, 46,773 84
Total unadmitted assets, .... 66,949 49
Total admitted assets,
$15,556,174 75
Liabilities.
Unpaid losses, including $29,378 . 50 resisted, $654,033 . 78 ; less
reinsurance, $89,491.15, $564,542 63
Unearned premiums on outstanding risks, $4,414,430.04 ; plus
same on disallowed reinsurance, $12,254.50, . . . 4,426,684 54
Reclaimable on perpetual fire policies, . . . . . 84,725 80
All liabilities, except capital and surplus, . . . $5,075,952 97
Surplus to policy holders, . . . .$10,480,22178
Paid-up capital . . 4,000,000 00
Surplus over capital and general liabilities, .... 6,480,221 78
Total liabilities, .
$15,556,174 75
Fire risks outstand'g Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
$729,654,945 00 $9,176,309 80
.560,216,656 00 7,464,303 38
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
$1,289,871,601 00 $16,640,613 18
. 516,134,762 00 6,902,257 57
$773,736,839 00 $9,738,355 61
. 102,930,259 00 1,407,535 89
$670,806,580 00 $8,330,819 72
Perpetual risks in force (not included above), $3,698,928 00 $89,185 05
Marine risks outstanding Dec. 31, 1903,
Marine risks written during 1904, .
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
.$14,419,731 00 $275,931 76
. 97,479,695 00 455,588 10
$111,899,426 00 $731,519 86
. 102,782,265 00 457,094 50
19,117,161 00 $274,425 36
1,871,511 00 62,044 22
$7,245,650 00 $212,381 14
102
^ETNA INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Inland marine losses incurred during the year,
Cash dividends declared from organization of company,
Stock dividends declared from organization of company,
Dividends declared during the year (16.8 per cent.),
Company's stock owned by directors, ....
$188,114,796 00
99,899,109 00
3,323,410 00
215,614 00
28,503,365 00
2,805,000 00
672,000 00
225,500 00
Schedule A.
Slocks, Bonds, etc., owned by the Company.
400 shares
300
it
300
&t
1,000
tt
50
tt
10
tt
575
((
500
tt
500
(«
362
«.
750
11
1,000
((
935
41
403
■(
300
(1
500
((
300
CI
300
It
500
tt
500
tt
300
tt
181
tt
100
tt
450
tt
1,000
tt
1,058
tt
500
It
2,888
tt
780
tt
1,500
tt
1,000
tt
200
tt
1,000
tt
640
tt
200
tt
400
It
200
tt
200
tt
400
tt
200
tt
150
tt
350
tt
300
tt
1,000
tt
American Telegraph & Cable Co.
Gold & Stock Telegraph Co ,
Intern 1 ! Ocean Telegraph Co.,
Northwest Telegraph Co., .
Connecticut River Co., .
Underw'rs' Sal. Co. of N. Y.,
N. Y. Dock Co , .
Albany & Susquehanna R.R. Co.
Bald Eagle Valley R.R. Co.,
Baltimore & Ohio R.R. Co., .
Clev., Cin., Ch. & St. L R.R. Co.
Cleve. & Pitts. R R. Co.,
Chic, Mil. & St. Paul R'y Co.,
Chic. & Northwestern R.R. Co.,
Connecticut River R.R. Co., .
Conn. & Pass Rivers R.R. Co ,
Davton & Michigan R.R. Co.,
Del. & Bound Brook R.R. Co.,
Fort Wayne & Jackson R.R. Co.
Georgia R.R. & Banking Co.,
Illinois Central R.R. Co.,
Illinois Southern R'y Co.,
Joliet & Chicago R.R. Co., .
Kal., Alle. & Gr. Rap. R.R. Co.,
Morris & Essex R.R. Co , .
N. Y. Cent. & Hud. R. R.R. Co ,
N. Y. & Harlem R.R. Co., .
N. Y., N. H. & Hartford R.R. Co.
Oswego & Syracuse R.R. Co.,
Pennsylvania R.R. Co.,
Pitts., Ft. Wayne & Ch. R.R. Co
Peoria & Bureau Val. R R. Co.,
Rensselaer & Saratoga R.R. Co.,
St. Jos., S. B & South. R.R. Co ,
Utica, Chen. & Sus. V. R.R. Co.,
Valley (N. Y.) R R. Co., .
iEtna Nat'l B'k, Hartford, Conn.
Amer. Nat'l B'k, Hartford, Conn.
Charter Oak N'l B'k, Hart., Conn.
City Bank, Hartford, Conn., .
Conn. R. B'k Co., Hart., Conn.,
Far. & Mec. N'l B'k, Hart., Conn.
First N'l B'k, Hartford, Conn.,
Hartford N'l B'k, Hart., Conn.,
Book Value.
$36,750 00
36,000 00
33,000 00
50,992 93
2,500 00
1,000 00
43,704 67
46,662 50
49,560 00
30,529 44
73,881 25
46,032 75
144,500 00
62,759
28,016
50,312
23,636
54,000
50,175
120,710
38,456
22,500
9,462 75
55,750 00
43,968 75
114,550 75
36,681 25
293,041
81,383
91,328
112,201
35,155
173,575
63,940
31,400
44,550
21,408
10,500
51,832
27,087
9,300 00
63,192 50
34,906 50
140,359 00
58
66
50
00
00
00
00
25
00
26
00
14
75
93
00
00
00
00
50
00
25
00
Market Value.
$37,600 00
36,900 00
36,900 00
62,500 00
5,000 00
1,000 00
32,525 00
120,000 00
51,250 00
35,913 00
86,250 00
92,500 00
171,190 00
92,574
84,000
52,500
31,800
61,500
75,000
130,000 00
47,400 00
00
00
00
00
00
00
18,500 00
67,500 00
95,000 00
151,294 00
101,250 00
571,824 00
91,650 00
104,250 00
185,000 00
42,000 00
210,COO 00
34,000 00
32,000 00
53,200 00
40,000 00
14,000 00
50,000 00
18,000 00
8,250 00
42,000 00
43,500 00
138,000 00
JETNA INSURANCE CO.
103
550 shares Nat'l Exch. Bank, Hart. Conn , .
1,000 " Phoenix N'l B'k, Hartford, Conn.,
550 " State Bank, Hartford, Conn ,
400 " Am. Ex. N'l B'k N. Y. City, .
400 " B'k of the Man Co., N. Y. City,
300 " B'k of N. Y. N'lB'kAs,N.Y. C'y
75 " First N'l Bank, N. Y. City, .
300 " Hanover Nat'l Bank, N. Y. City,
300 " Imp. & Tr. N'l B'k, N. Y. City,
112 " Mar & Fult. N'l B'k, N. Y. City,
700 " Merch. Nat'l Bank, N. Y. City,
120 " Mer Ex. Nat'l Bank, N. Y. City,
1,380 " Mech. Nat'l Bank, N. Y. City,
200 " Nassau Bank, N. Y. City, .
625 " N'l B'k of Commerce, N. Y. City
400 " N'l B'k of N. Amer., N. Y. City,
500 " Nat'l City Bank, N. Y. City,
200 " People's Bank, N. Y. City, .
100 " Third Nat'l Bank, N. Y. City (in
liquidation),
250 " Far. & Me. N'l B'k, Phila , Pa.,
100 " First Nat'l Bank, Albany, N. Y.,
100 " N. Britain N'l B'k, N. Br., Conn.
100 " Central Trust Co., N. Y. City,
200 " Holland Trust Co., N. Y. City,
100 " Internat'l B'k Corp., N. Y City,
100 " Metrop. Trust Co., N. Y. City,
150 " N. Y. L In & Tr. Co., N. Y. C'y
100 " U. S. Trust Co., N. Y. City, .
100 " Union Trust Co., N. Y. City,
United States bonds, . . . .
Arizona Territory bonds, ....
New Mexico Territory bonds, .
Alabama State bonds, . .
Georgia State bonds, ....
Mississippi State bonds, ....
New Hampshire State bonds, .
Tennessee State bonds
Mecklenburg County, N. C, bonds, .
Spokane County, Washington, bonds,
Talbot County, Georgia, court house bonds,
Norwich, Conn., town bonds, .
Westmount, Quebec, town debenture bonds,
Americus, Ga., city pub. b'l'g, sch. and s'er b'ds
Albina, Oregon City, boulevard bonds, .
Bainbridge, Ga., city academy bonds,
Cleveland, Ohio, city bonds,
Chicago, 111., sanitary district bonds,
City of Sioux Falls, So. Dak , funding bonds,
Dallas, Tex., city water and sewer bonds,
Dalles City, Oregon, water bonds, .
Fostoria, O., city water bonds, .
Greensboro, N. C, city school bonds,
Greenville, Ala., city school bonds, .
Hamilton, Ont., city debenture bonds,
Jersey City, N. J , city hall bonds, .
Key West, Fla., city street improvement bonds
Lexington, Ky., city bonds,
Montreal, Canada, bonds, ....
Ogden City, Utah, bonds, ....
Book Value.
$34,306 25
146,711 50
63,779 00
43,983 00
26,708 00
36,766 55
20,571 00
50,037 00
30,000 00
14,143 00
39,918 52
8,792 50
38,636
10,791
84,379
61,213
66,889
5,544
00
00
77
00
00
00
00
00
85
00
CO
00
12,400 00
28,488 00
17,996 67
10,000 00
11,000 00
30,200 00
20,0U0 00
11,000 00
18,525 00
28,510
10,000
113,718
15,450
10,550
9,500
26,908 60
12,320 00
14,499 17
29,004 20
75,815 00
51,250 00
8,550 00
104,500 00
50,375 CO
18,795 00
27,750 00
8,000 00
103,407 50
53,348 75
25,000 00
51,437 50
13,562 50
22,000 00
24,480 00
20,000 00
48,185 00
26,304 79
10,200 00
52,846 83
66,584 43
18,270 00
Market Value.
$35,750 00
120,000 00
77,000 00
112,000 00
65,000 00
99,000 00
56,250 00
163,500 00
183,000 00
29,680 00
64,750 00
10,200 00
106,950
19,500
150,000
90,000
155,000
14,500
00
00
00
00
00
00
00
00
00
00
00
00
00
3,000
32,750
10,000
16,000
215,000
10,200
15,500
63,000 00
165,000 00
150,000 00
142,500 00
131,000 00
17,250 00
11,300 00
10,300 00
26,000 00
11,550 00
13,500 00
22,310 00
81,360 00
52,500 00
8,560 00
100,000 00
50,500 00
18,400 00
31,500 00
8,960 00
104,250 00
54,000 00
25,500 00
54,500 00
12,750 00
22,880 00
28,200 00
20,600 00
48,300 00
28,750 00
10,200 00
52,500 00
65,130 00
19,080 00
104
jETNA INSURANCE CO.
Port of Portland, Ore., bonds, .
Rah way, N. J., city bonds,
Richmond, Va., city bonds,
Roanoke, Va., city bonds,
Seattle, Wash., city, water and sewer bonds,
Tacoma, Wash , city, water and light bonds,
Topeka, Kan., city funding bonds, .
Urbana, Ohio, city bonds,
Winston, N C, city bonds,
Winnipeg, Man., city local impr'm't deben. b's
New York Dock Co. bonds,
Loan & Guarantee Co. of Conn, bonds, .
People's G. Lt. & Coke Co., Chic, refund, b'ds
School District, No. 2, Enfield, Conn., bonds,
Masonic Temple Corp., Wilm., N. C, bonds,
Y. M. C. A., Wilmington, N. C , bonds,
Atlantic Mutual Insurance Co. scrip,
Albany & Susquehanna R.R. bonds,
Alabama Central R.R bonds, .
Atchison, Topeka & Santa Fe R'y bonds
Atlantic & Danville R'y bonds,
Baltimore & Ohio R.R. bonds, .
Buffalo, New York & Erie R.R. bonds,
Central Branch R'y bonds,
Central Pacific R'y bonds,
Central R.R. of New Jersey bonds, .
Chesapeake & Ohio R.R. bonds,
Cleve., Columbus, Cin. & Indianap. R.R. bonds
Cleveland, Lorain & Wheeling R'y bonds,
Cleve., Cin., Chicago & St. Louis R'y bonds,
Chicago, Burl. & Quincy R.R, bonds,
Chicago & Eastern Illinois R R. bonds, .
Chicago & Erie R R. bonds,
Chicago, Hammond & Western R.R. bonds,
Chicago, Mil. & St. Paul R R bonds,
Chicago & Northwestern R.R bonds,
Chicago North Shore Street R'y bonds, .
Chicago, Rock Island & Pacific R R. bonds,
Chicago & Western Indiana R.R. bonds, .
Cicero & Proviso Street R'y, Chicago, bonds,
Cincinnati, Dayton & Ironton R.R. bonds,
Cincinnati, Hamilton & Dayton R.R bonds,
Cincinnati, Indianap & Western R'y bonds,
Columbus & Toledo R.R. bonds,
Dayton & Western R.R. bonds,
Delaware & Hudson Canal bonds, .
Detroit Railway bonds, ....
Flint & Pere Marquette R.R. bonds,
Galveston, Harrisburg & San Antonio R'y b'ds
Georgia R.R. & Banking Co. bonds,
Hartford Street R'y bonds,
Hocking Valley R'y bonds,
Illinois Central R.R. bonds,
Indianapolis & Vincennes R.R. bonds,
Iowa Central R'y bonds, ....
Jefferson ville, Madison & Ind. R.R. S. F. b'ds
Keokuk & Des Moines R.R. bonds, .
Lake Shore & Mich. Southern R R bonds,
Louisville & Jeffersonville Bridge Co. bonds,
Louisville, New Albany & Chic. R R. bonds,
00
50
00
00
00
50
30
50
Book Value.
$54,152 78
44,796 80
41,326 75
31,500 00
50,000 00
25,250 00
25,000 00
26,500 00
25,000 00
36,235 40
55,000 00
650 00
52,312 50
4,000 00
30,500 00
20,000 00
27,200 00
121,062 50
28,500 00
48,000 00
47,000
73,437
90,120
31,450
25,840
66,812
39,289
126,551
67,690 00
147,750 00
158,022 50
53,750 00
121,270 00
62,500 00
154,606 67
218,775 83
26,500 00
179,350 00
233,850 00
25,000 00
35,462 50
146,721 67
49,500 00
110,585 64
29,397 00
31,970 00
26,562 50
79,567 50
54,000 00
28,734 75
51,500 00
51,716 25
101,000 00
60,473 75
73,250 00
8,6C0 00
45,942 50
291,725 00
49,250 00
27,468 75
Market Value.
$57,500 00
21,340 00
37,580 00
31,200 00
53,000 00
26,000 00
26,750 00
25,000 00
26,500 00
35,488 86
52,250 00
650 00
53,000 00
4,000 00
31,500 00
20,000 00
28,560 00
106,000 00
29,750 00
49,000 00
48,500 00
77,625 00
87,630 00
35,520 00
26,380 00
68,000 00
51,500 00
123,000 00
66,700 00
151,500 00
152,720 00
53,250 00
122,000 00
64,000 00
158,450 00
211,160 00
25,000 00
181,000 00
226,560 00
25,000 00
40,600 00
147,130 00
50,000 00
99,750 00
33,000 00
34,500 00
26,500 00
86,000 00
57,000 00
27,500 00
53,500 00
55,500 00
100,000 00
57,000 00
71,750 00
7,420 00
54,500 00
290,000 00
50,000 00
28,000 00
AGRICULTURAL INSURANCE CO.
105
Lehigh Valley Terminal R R. bonds,
Lehigh Valley R'y bonds,
Mahoning Coal R.R. bonds,
Midland R.R of New Jersey bonds,
Minneapolis & St. Louis R'y bonds,
Minneapolis Union R R. bonds,
Morris & Essex R.R. bonds,
N. Y., Lake Erie & Western R.R, bonds,
New England R.R. bonds,
New York & New England R.R. bonds, .
N. Y., Susquehanna & Western R.R. bonds,
Northwestern Union R.R. bonds,
Norfolk & Western R.R bonds,
North Chicago Electric R'y bonds, .
North Chicago Street R.R. bonds, .
Northern Pacific-Great Northern joint bonds
Oswego R.R. Bridge Co. bonds,
Ohio & West Virginia R.R. bonds, .
Pennsylvania Steel Equipment Trust,
Pittsburgh, Fort Wayne & Chicago R.R. bonds
Port Reading R.R. bonds,
St. Paul, Minneapolis & Manitoba R.R, bonds
St. Paul & Northern Pacific R R. bonds, .
St. Paul & Sioux City R.R. bonds, .
Southern Pacific R.R. of California bonds,
Southern R'y bonds,
Terre Haute & Peoria R.R. bonds, .
Terminal R.R. Association of St. Louis bonds
Toledo & Ohio Central R.R. bonds, .
Toronto, Hamilton & Buffalo R'y bonds, .
Vermont Valley R.R. bonds, .
Wabash R.R. bonds,
West Chicago Street R.R. bonds,
West Shore R.R. bonds, ....
Will mar & Sioux Falls R R. bonds, .
Book Value.
5126,025 00
133,326 25
28,584 74
31,562 50
164,432 50
115,642
164,937
64,143
62,437
62,794
72,985
33,311
59,251
27,375
25,875
67,086
52,679
45,515
24,037
226,887
53,000 00
64,750 00
122,864 17
28,790 00
26,093 75
72,380 00
25,805 54
58,875 00
59,967
39,100
54,460
112,097
50,875
43,875
56,318
08
22
75
50
65
00
72
83
00
00
61
17
00
50
37
95
00
00
50
00
00
75
Market Value.
$130,900 00
138,750 00
36,300 00
30,800 00
156,500 00
126,000 00
175,000 00
66,500 00
64,000 00
50,000 00
75,650 00
33,750 00
66,500 00
25,000 00
23,750 00
110,000 00
56,000 00
45,200 00
24,000 00
240,280 00
54,500 00
68,000 00
125,000 00
31,000 00
27,000 00
79,750 00
23,750 00
59,500 00
62,050 00
38,400 00
58,860 00
118,000 00
45,000 00
55,000 00
60,000 00
$11,193,279 13 $13,593,083 86
"AGRICULTURAL INSURANCE COMPANY," WATERTOWN, N. Y.
[Incorporated 1853.* Commenced business February, 1853.]
Paid-up Capital, $500,000.
W. II. STEVENS, President. J. Q. ADAMS, Secretary.
Income.
Net fire premiums, $1,289,697 71
Interest on mortgage loans, $35,616.48; collaterals, $24-
405.85; stocks and bonds, $49,686.89 ; all other, $914.21,. 110,623 43
Rents 2,432 01
Profit on sale or maturity of ledger assets, .... 209 2L
Total income,
Ledger assets, Dec. 31, 1903,
. $1,402,962 36
. 2,627,481 83
Total, $4,030,144 19
* Organized as mutual, 1853; incorporated as stock, 1S63.
106
AGRICULTURAL INSURANCE CO.
Disbursements.
Net amount paid for fire losses, $822,995 70
Interest and dividends to stockholders, 50,000 00
Commissions or brokerage, 279,956 67
Salaries, fees, etc., of officers and employees, .... 89,434 23
Repairs and expenses on real estate, 988 53
Real estate taxes, $4,262.03 ; other taxes and fees, $47,473.60, 51,735 63
All other disbursements, 94,323 87
Total disbursements, $1,389,434 53
Balance, -. $2,641,009 66
Ledger Assets.
Real estate, $ 325,112. 62; mortgages, $562,316.12,
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B), .
Cash in banks and office, .....
Agents 1 balances,
Total ledger assets,
$887,428 74
401,796 47
956,582 86
199,821 71
195,379 88
$2,641,009 66
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $10,284.42; stocks and bonds, $9,897.08;
collateral loans, $5,954.93; other assets, $4,225.63, . . 30,362 06
Market value of stocks and bonds over book value, . . 72,789 39
Reinsurance due. on losses paid, 657 73
. Gross assets $2,744,818 84
Assets not admitted.
Agents 1 balances over three months due, . $4,917 18
Special deposits less $59,816.84 liab. thereon, 40,603 16
Depreciation in book value of ledger assets, . 24,423 74
Mortgage loan, second lien 23,551 69
Total unadmitted assets, ....
93,495 77
Total admitted assets,
. $2,651,323 07
Liabilities.
Unpaid losses, including $18,613 resisted, $125,363.95; less
reinsurance, $29,945.96, $95,417 99
Unearned premiums on outstanding risks, $1,218,566.28, plus
same on disallowed reinsurance, $25,137.62, . . . 1,243,703 90
Due for reinsurance premiums, 4,046 51
All liabilities, except capital and surplus, . . . $1,343,168 40
Surplus to policy holders, .... $1,308,154 67
Paid-up capital, 5CO,000 00
Surplus over capital and general liabilities, .... 808,154 67
Total liabilities, $2,651,323 07
AGRICULTURAL INSURANCE CO.
107
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
$262,604,400 00 $2,639,776 00
. 174,977,500 00 1,896,040 00
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
$437,581,900 00 $4,535,816 00
. 160,627,900 00 1,780,230 00
$276,954,000 00 $2,755,586 CO
. 34,068,500 CO 404,303 00
$242,885,500 00 $2,351,283 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Stock dividends declared from organization of company,
Dividends declared during the year (10 per cent),
Company's stock owned by directors, ....
$29,480,473 00
14,746,1!
836,750
1,530,000
400,000
50,000
00
00
00
00
00
73,600 00
Schedule A.
Securities held as Collateral.
Real estate mortgages, ....
Deeds of real estate,
International Paper Co. stock, .
International Paper Co. bonds,
Watertown National Bank stock,
Union Carriage & Gear Co. stock, .
Brock way Co. stock,
Union Nat'l Bank, Schenectady, N. Y., stock,
Bagley & Sewall Co. stock,
Harmon Machine Co. stock,
Watertown National Bank stock,
International Paper Co. stock, .
Deed of real estate,
J. H. Murphy Manufacturing Co. stock, .
Life Policy, N. Y. Life Insurance Co.,
Brownville Paper Co. stock,
Knowlton Brothers stock,
St. Regis Paper Co. stock,
Adams & Duford Co. stock,
First NatU Bank of the Thousand Islands st'ck
International Paper Co. stock, .
Real estate mortgage, ....
Carthage Tissue Paper Mills stock, .
Carthage Electric Light & Power Co. stock,
St. Lawrence International Elec. R.R. bonds,
West End Paper Co. stock,
Dexter Sulphite Pulp & Paper Co. stock,
Carthage Sulphite Pulp Co. stock, .
Malone Paper Co. stock, ....
Champion Paper Co. stock,
Carthage Machine Co. stock, .
Market Value.
$295,428 00
7,500 00
4,399 00"
1,090 00
3,375 00
300 00
10,000 00
10,000 00
23,700 00
5,400
2,250
1,520
6,000
6,000
2,000
12,000
20,000 00
10,000 00
3,750 00
450 CO
1,900 00
325 00
22,500 00
13,000 00
30,000 00
23,800 00
14,100 00
29,500 00
7,000 00
6,600 00
2,500 00
Loaned Thereon.
$87,846 20
141,136 98
4,658 20
4,640 00
210 00
8,000 00
5,000 00
10,000 00
6,750 00
1,200 00
6,000 00
120 00
10,500 00
.20,0C0 00
2,500 00
1,735 09
10,000 00
6,000 00
20, 000 00
} 17,500 00
i
J
108
AGRICULTURAL INSURANCE CO.
Market Value. Loaned Thereon.
Macmillan Co. stock,
Champion Paper Co. bonds,
National Bank & Loan Co. stock,
J. & J. Rogers Co. stOGk, .
Jefferson County National Bank stock,
Malone Paper Co. bonds, .
$9,750 00
15,000 00
7,500 00
6,250 00
2,000 00
15,000 00
$6,500 00
10,000 00
5,000 00
5,000 00
1,500 00
10,000 00
$631,887 00 $401,796 47
Schedule B.
Stocks and Bonds owned by the Company.
Watertown N'l B'k, Watertown, N. Y., stock,
Nat'l Union Bank, Watertown, N. Y., stock,
Jefferson Co. N'l B'k, Watertown, N. Y., stock
N'l B'k & Loan Co , Watertown, N. Y., stock,
Carthage Nat'l Bank, Carthage, N. Y , stock,
First N'l B'k of Thou. Is., Alex. B., N. Y., stock
Cleveland Sav. & Loan Co , Cleve., O., stock,
Savings, Build'g & Loan Co , Cleve., O., stock
Morris & Essex R.R. stock,
N. Y. Central & Hudson River R R. stock,
Chicago, Mil. & St. Paul R'y stock, .
Illinois Central R.R. stock,
Union Pacific Railroad stock, .
Atchison, Topeka & Santa Fe R'y stock,
Pennsylvania R.R. stock, .
Western Union Telegraph stock,
International Paper Co. stock, .
Hungerford-Holbrook Co. stock,
Excelsior Carriage Co. stock, .
W T atertown Carriage Co. stock, . .
American Car & Foundry Co. stock,
American Locomotive Co. stock,
State of Georgia bonds, .
City of Portland, Ore , bonds, .
City of Richmond, Va., bonds, .
Northern Pacific R'y bonds,
Lehigh Valley R'y, N. Y., bonds,
Lehigh & Hudson River R.R. bonds,
Union Pacific R.R. bonds,.
Galveston, Harrisb. & San Antonio R'y bonds
N. Y. Central & Hudson River R R. bonds,
Erie R.R. bonds,
Reading Co. bonds,
Missouri Pacific R'y bonds,
Atchison, Topeka & Santa Fe R'y bonds,
Northern Pacific-Gt. Northern R'y joint bonds
Connecticut R'y & Lighting Co. bonds, .
Metropolitan Street R'y bonds,
Jefferson Power Co. bonds,
Consol. Water Co. of Utica, N. Y., bonds,
St. Regis Paper Co. bonds,
West End Paper Co bonds,
Little Falls & Dolgeville R.R. bonds,
National Herkimer County Bank stock, .
Underwriters' Salvage Co.,
50
00
00
00
00
Book Value.
$14,925 00
41,038
3,935
14,500
4,000
1,000
10,000 00
1,000 00
19,650 00
28,985 45
35,233 75
18,932 70
17,025 33
30,575 00
65,025 00
49,507 31
51,599 98
26,500 00
2,500 00
3,500 00
27,787 50
18,825 00
11,724 60
62,000 00
27,290 00
10,000 00
21,850 00
5,000 00
9,707 03
21,650 00
9,562 50
19,125 00
19,325 00
26,937 50
10,187 51
9,412 64
20,100
19,665
40,000
10,250
50,000 00
50,000 00
3,500 00
12,750 00
500 00
00
56
00
00
00
00
00
00
00
00
00
Market Value
|23,625 00
47,016 00
4,400
19,500
4,375
1,500
10,000
1,000
18,650
37,290 00
68,650 00
22,500 00
19,500 00
30,337 50
69,062 50
54,258 75
45,600 00
26,500 00
2,500 00
3,500 00
28,125 00
20,600 00
11,800 00
60,000 00
28,620 00
9,900 00
22,200 00
5,100 00
10,750 00
22,500 00
9,100 00
19,050 00
19,800 00
27,125
10,350
10,087
20,150
18,600 00
40,000 00
9,000 00
50,000 00
50,000 00
3,500 00
12,750 00
500 00
00
00
50
00
$956,582 86 $1,02^,372 25
ALBANY INSURANCE CO. 109
"ALBANY INSURANCE COMPANY," ALBANY, N. Y.
[Incorporated March 8, 1811. Commenced business March 16, 1811. Reorganized
Jnnel, 1881.]
Paid-up Capital, $250,000.
JOHN E. MCELROY, President. CHARLE H. HAHN, Secretary.
Income.
Net fire premiums, $210,068 03
Interest on mortgage loans, f 11,002. 35; bonds, $12,017.88 ;
all other, $4,084.40 27,104 63
Rents, including company's own occupancy, .... 5,935 94
Profit on sale or maturity of ledger assets, . . . . 175 00
Total income, $243,283 60
Ledger assets, Dec. 31, 1903, 569,539 96
Total, $812,823 56
Disbursements.
Net amount paid for fire losses, $110,832 88
Interest and dividends to stockholders, 20,000 00
Commissions or brokerage, ....... 47,393 65
Salaries, fees, etc., of officers and employees, . . . . 11,143 50
Rents, including company's own occupancy, .... 1.20000
Repairs and expenses on real estate, ..... 3,369 22
Real estate taxes, $829.37 ; other taxes and fees, $10,418.22, 11,217 59
All other disbursements, 4,263 22
Total disbursements, $209,450 06
Balance, $603,373 50
Ledger Assets.
Real estate, 176,790 ; mortgages, $206,530, .... $283,320 00
Bonds (Schedule A) 280,264 25
Cash in banks and office, 21,038 05
Agents' balances, 18,751 20
Total ledger assets $603,373 50
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $914.21 ; other assets, $1,963, . . . . 2,877 21
Rents due on company's property, 842 28
Market value of bonds over book value, 20,280 75
Gross assets, $627,373 74
110
ALBANY INSURANCE CO.
Liabilities.
Unpaid losses, including $ 1,150 resisted, f 11,960; less rein-
surance, f 60 $11,900 00
Unearned premiums on outstanding risks, .... 149,355 72
All liabilities, except capital and surplus,
Surplus to policy holders, ....
Paid-up capital, . . . . . •
Surplus over capital and general liabilities, .
,118 02
$161,255 72
250,000 00
216,118 02
Total liabilities, $627,373 .74
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
.$27,219,919 00 $285,755 22
. 26,000,214 00 265,992 28
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
.$53,220,133 00 $551,747 50
. 21,276,354 00 236,035 66
U,943,779 00
2,893,347 00
115,711 84
27,367 26
$29,050,432 00 $288,344 58
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Stock dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, ....
(2,513,127 00
1,345,638 00
106,122 00
485,000 00
50,000 00
20,000 00
24,700 00
Schedule A.
Bonds owned by the Company.
Watervliet Turnpike R.R. bonds,
Wabash R.R. bonds, ....
Union R.R , N. Y , bonds, .
St. Louis & San Francisco R.R. bonds,
People's Gas Light Co., Chicago, bonds,
Western N. Y. & Pennsylvania R.R. bonds,
Atlanta, Knoxville & Northern R R. bonds,
Texas Central R.R bonds,
United Traction Co., Albany, N. Y., bonds,
Detroit & Mackinac R.R. bonds,
Colorado Fuel & Iron Co. bonds,
Equitable Gas & Elec. Co., Utica, N. Y., bonds
Virginia Iron, Coal & Coke Co. bonds,
Virginia & South Western R.R. bonds,
Schenectady R.R. bonds, .
Book Value.
$7,000 00
34,885 00
10,000 00
24,000 00
15,922 50
25,000 00
15,000 00
20,000 00
11,000 00
9,658 00
5,000 00
8,000 00
4,012 50
20,232 00
25,425 00
Market Value.
$8,190 00
40,600 00
11,100 00
21,600 00
18,750 00
29,875 00
16,800 00
21,600 00
11,165 00
9,550 00
5,150 00
8,480 00
4,250 00
21,600 00
26,310 00
AMERICAN INSURANCE CO.
Ill
Book Value. Market Value.
Consolidated bonds $5,175 00 $5,175 00
United Elec. Lt. & Pow. Co., Bait, Md., bonds, 9,500 00 9,500 00
Union Elec. Lt. & Power Co., St. L., Mo., b'ds, 7,000 00 7,000 00
Lake Shore & Mich. Southern R.R. bonds, . 9,900 00 10,100 00
N. Y. Central and Hudson River R.R. bonds, . 10,000 00 10,000 00
Northern Pacific R.R. bonds, .... 3,554 25 3,750 00
$280,264 25 $300,545 00
"AMERICAN INSURANCE COMPANY," NEWARK, N J.
[Incorporated Feb. 20, 1846. Commenced business April 1, 1846.]
Paid-up Capital, $600,000.
E. O. DOREMUS, President. JAMES H. WORDEN, Secretary.
Income.
Net fire premiums $2,028,856 65
Interest on mortgage loans, $75,838.18; stocks and bonds,
f94,803.08; all other, $1,506.39, 172,147 65
Rents, 12,690 50
Total income, $2,213,694 80
Ledger assets, Dec. 31, 1903, 5,006,462 71
Total, $7,220,157 51
Disbursements.
Net amount paid for fire losses,
Interest and dividends to stockholders,
Interest and dividends to policy holders,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees, .
Repairs and expenses on real estate,
Real estate taxes, $6,089.02 ; other taxes and fees, $58,629.39,
Loss on sale or maturity of ledger assets, ....
All other disbursements,
Total disbursements,
$1,119,447 42
95,929 96
160 00
463,267 38
115,317 37
3,565 95
64,718 41
3,785 23
133,535 04
$1,999,726 76
Balance, $5,220,430 75
Real estate, $505,000 ; mortgages,
Stocks and bonds (Schedule A),
Cash in banks and office, .
Agents 1 balances,
Bills receivable,
All other ledger assets,
Ledger Assets.
,491,213.19,
51,996,213 19
2,653,091 11
130,518 52
198,642 40
241,123 58
841 95
Total ledger assets,
$5,220,430 75
112 AMERICAN INSURANCE CO.
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $26,322.44; stocks and bonds, f 34,894. 40, . 161,216 84
Rents due on company's property, 124 84
Gross assets,* $5,281,772 43
Assets not admitted.
Agents' balances over three months due, . . $1,070 34
Bills receivable, past due, .... 27,235 64
Special deposits less $5,737. 85 liab. thereon, . 46,387 15
Depreciation in book value of stocks and bonds, 20,861 11
Total unadmitted assets, .... 95,554 24
Total admitted assets, $5,186,218 19
Liabilities.
Unpaid losses, including $9,806.17 resisted, $211,132.17 ; less
reinsurance, $25,574.17 $185,558 00
Unearned premiums on outstanding risks, $2,372,140.84 ; plus
same on disallowed reinsurance, $7,773.28, . . . . 2,379,914 12
Dividends due stockholders, $471.09 ; policy holders, $229, . 7C0 09
Commissions and other charges due agents and brokers, . 37,305 05
All liabilities, except capital and surplus, . . . $2,603,477 26
Surplus to policy holders, .... $2,582,740 93
Paid-up capital 600,000 00
Surplus over capital and general liabilities, .... 1,982,740 93
Total liabilities, $5,186,218 19
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1903, . $372,875,213 00 $4,060,828 90
Fire risks written during 1904, . . . .234,516,919 00 2,571,767 21
Total, $607,392,132 00 $6,632,596 11
Risks expired and terminated, . . . .185,703,850 00 2,068,123 52
In force at end of year, .... $421,688,282 00 $4,564,472 59
Amount reinsured 25,077,993 CO 276,122 25
Net amount in force $396,610,289 00 $4,288,350 34
Miscellaneous.
Premiums received from organization of company, . $19,528,952 00
Losses paid from organization of company, . . - . . 8,794,300 00
Fire losses incurred during the year 1,147,329 00
Cash dividends declared from organization of company, . 2,661,650 00
Stock dividends declared from organization of company, . 600,000 00
Dividends declared during the year (16 per cent.), . • 96,000 00
Company's stock owned by directors, 75,025 00
* The company holds also instalment premium notes to the amount of $64,294.45, which
do not enter into or form any part of the assets of the company, as no portion of them is
earned. Whatever value is attached to them would necessarily he counterbalanced by the
addition of an amount exactly equal to the reinsurance liability, the entire sum consisting
of "unearned premiums."
AMERICAN CENTRAL INSURANCE CO.
113
Schedule A.
Stocks and Bonds owned by the Company.
United States bonds, ....
Consolidated Traction Co. (N. J.) bonds,
Easton & Arnboy R.R. (N. J.) bonds,
Lehigh Valley R.R. bonds,
Long Dock (Jersey City) bonds,
Morris & Essex R.R. bonds,
Newark (N. J.) Passenger R'y bonds,
N. Y. & Greenwood Lake (N. J.) bonds,
N. Y., L. Erie & West. Dock & Imp bonds,
N. Y., Susquehanna & Western R.R. bonds,
North Hudson Co., (N. J.) bonds, .
United N. J. R.R. & Canal Co. bonds,
Borough of Madison, N. J., bonds, .
Newark Gas Co. bonds, ....
American Dock and Improvement Co. bonds,
Trenton Passenger R'y Co. bonds, .
Midland R.R. Co., N. J., bonds,
2,000 shares Morris & Essex R.R,, .
1,000 " United N. J. R.R. & Canal Co.,
76
35
59
35
Book Value.
$100,000 00
133,857 55
159,157 20
220,426 07
256,556 06
121,777
143,362
104,141
120,519
46,168 07
132,356 10
106,034 01
21,000 00
198,500 70
216,481 92
52,731 13
46,983 36
195,665 64
277,372 25
Market Value.
$100,000 00
129,320 00
158,730
218,000
256,000
122,000
141,250
104,000
119,780
45,100
132,500 00
106,000 00
21,000 00
197,600
216,160
52,920
46,870
190,000
275,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$2,653,091 11 $2,632,230 00
"AMERICAN CENTRAL INSURANCE COMPANY," ST. LOUIS, MO.
[Incorporated February, 1853. Commenced business February, 1853.]
Paid-up Capital, $1,000,000.
GEORGE T. CRAM, President. JNO. H. ADAMS, Secretary.
Home Office, Broadway and Locust Street.
Income.
Net fire premiums, $1,929,716 61
Interest on mortgage loans, $495; collaterals, $14,505.35;
stocks and bonds, $138,504.40; all other, $1,712.27, . . 155,217 02
Profit on sale or maturity of ledger assets, .... 6,389 98
Total income, ' . .$2,091,323 61
Ledger assets, Dec. 31, 1903, 3,325,755 22
Total, $5,417,078 83
Disbursements.
Net amount paid for fire losses,
Interest and dividends to stockholders, .
Commissions or brokerage, .
Salaries, fees, etc., of officers and employees, .
Rents,
Taxes and fees,
Loss on sale or maturity of ledger assets,
All other disbursements,
Total disbursements, .
$1,199,809 43
100,000 00
391,049 40
102,263 96
5,000 00
62,803 38
2,537 50
193,693 83
$2,057,157 50
Balance, $3,359,921 33
114
AMERICAN CENTRAL INSURANCE CO.
Ledger Assets
Mortgages,
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B),
Cash in banks and office, ....
Agents' balances,
Total ledger assets,
$9,500 00
260,000 00
2,713,494 20
140,504 44
236,422 69
$3,359,921 33
Non-Ledger Assets.
Market value of stocks and bonds over book value,
Gross assets,
485,096 75
5,845,018 08
Assets not admitted.
Special deposits less $28,351.81 liability thereon, .
Total admitted assets,
45,348 19
1,799,669 89
Liabilities,
Unpaid losses, including $9,248.15 resisted, $179,995.96 ; less
reinsurance, $26,765.55, $153,230 41
Unearned premiums on outstanding risks, $1,502,511.04, plus
same on disallowed reinsurance, $13,447.89, . . . 1,515,958 93
All liabilities, except capital and surplus, . . . $1,669,189 34
Surplus to policy holders, .... $2,130,480 55
Paid-up capital 1,000,000 00
Surplus over capital and general liabilities, .... 1,130,480 55
Total liabilities, $3,799,669 89
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
$235,057,954 00 $2,786,396 15
.209,199,974 00 2,792,111 01
Total,.
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
$444,257,928 00 $5,578,507 16
. 174,342,198 00 2,316,733 30
$269,915,730 00 $3,231,773 86
. 28,235,943 00 380,033 57
$241,679,787 00 $2,851,740 29
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of compan} T , .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$28,593,728 00
14,246,258 00
1,211,714 00
1,831,412 00
100,000 00
151,000 00
AMERICAN CENTRAL INSURANCE CO.
115
Schedule A.
Securities held as Collateral.
125 Nashville Terminal Co. bonds, .
325 shares Nat'l Bank of Commerce in St. Lo.,
700 " Broadway Real Estate Co. in St. Lo.,
50 " Commonwealth Tr. Co. in St. Lo., .
Schedule B.
Market Value.
$125,000 00
104,000 00
70,000 00
14,750 00
Loaned Thereon.
|100,000 00
90,000 00
60,000 00
10,000 00
$313,750 00 $260,000 00
Stocks, Bonds, etc., owned by the Company.
John Scullin Collateral Trust gold notes,
United States bonds, ....
National Enameling & Stamping Co. bonds,
Kan. City, Ft. Scott & Memphis R.R. Co. b'ds,
Missouri Electric Lt. & Power Co. bonds,
St. Louis Merchants' Bridge Co. bonds, .
Union Depot R'y Co. bonds,
United R'ys Co. bonds, ....
Carthage, Mo , school bonds, .
Central of Georgia R'y Co. bonds, .
City of Portland, Ore., bonds, .
Lincoln Real Estate Building Co. bonds, .
Pontiac Building Co. bonds,
St. Louis, Mem. & Southeastern R.R. Co b'ds
Southern R'y Co. bonds, ....
Tennessee Central R.R. Co. bonds, .
St. Clair, Madison & St. Louis Belt R'y bonds
St. Lo. & San Francisco R.R. Co. bonds, .
St. Louis, Iron Mt. & Southern R.R. Co. bonds
Atlantic City R.R. Co. bonds, .
Little Rock & Hot Springs West. R.R. Co. b'ds
Fort Worth & Rio Grande R.R. Co. bonds,
Laclede Gas Light Co bonds, .
City of Fort Worth, Tex., bonds, .
St. Lo., Council Bluffs & Omaha R.R. Co. b'ds
Peirce City, Mo., bonds, ....
Chic, Burlington & Quincy R.R. Co. bonds,
State of Georgia bonds, ....
Fort Worth & Denver City R.R. Co. bonds,
Illinois Central R.R. Co. bonds,
Norborne, Mo., school bonds, .
Tennessee Central R.R. Co. bonds, .
National Bank of Commerce, St. Lo., stock,
Hargadine-McKittrick D. G'dsCo., St. Lo., st'k
United Railways Co., St. Lo., stock,
Third National Bank, St. Lo., stock,
Boatmen's Bank, St. Lo., stock,
Mechanics' National Bank, St. Lo., stock,
Laclede Gas Light Co., St. Lo., stock,
West. Adjustment & Inspect'n Co., Chic, st'k,
Book Value.
$246,250 00
211,750 00
103,000 00
86,625 00
98,640 00
85,950 00
80,875 00
65,811 25
54,000 00
55,687 50
53,000 00
52,500 00
48,000 00
48,750 00
48,000 00
50,250 00
30,430 00
35,150 00
26,875 00
24,500 00
23,718 75
23,025 00
13,846
21,780
18,000
15,000
25
00
00
00
14,850 00
00
50
00
00
95
00
11,725
11,387
8,800
4,500
25,715
814,345
60,000 00
24,275 00
76,250 00
11,800 00
25,025 00
3,282 00
125 00
Market Value.
$250,000 00
210,000 00
100,000 00
88,000 00
102,080 00
94,350 00
87,000 00
66,000 00
54,000 00
54,500
52,000
53,000
50,000
49,000
48,500
50,000
34,960
32,930
29,000
25,000
23,250
21,500
25,070
22,000 00
18,720 00
15,900 00
15,000
11,700
10,700
8,300
4,770
25 715
1,248^000 00
60,000 00
21,000
80,000
25,000
25,935
5,585
125
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Q0
95
00
00
00
00
00
00
$2,713,494 20 $3,198,590 95
116 AMERICAN FIRE INSURANCE CO.
"AMERICAN FIRE INSURANCE COMPANY," PHILADELPHIA, PA.
[Incorporated Feb. 28, 1810. Commenced business March 12, 1810.]
Paid-up Capital, $500,000.
T. H. MONTGOMERY, President. JOHN H. PACKARD, Jr., Vice.-Pres. and Secretary.
Home Office, 308 Walnut Street.
Income.
Net fire premiums, $1,742,998 63
Deposit premiums on perpetual risks 35,257 48
Interest on mortgage loans, $35,551 . 16 ; collaterals, $843.02 ;
stocks and bonds, $52,907.80 ;' all other, $834.57, . . 90,136 55
Rents, including company's own occupancy, .... 10,791 95
Profit on sale or maturity of ledger assets, .... 19,628 10
From all other sources, 2,228 94
Total income, $1,901,041 65
Ledger assets, Dec. 31, 1903, 2,791,723 12
Total, $4,692,764 77
Disbursements.
Net amount paid for fire losses, $1,166,221 81
Deposit premiums returned, 25,079 26
Interest and dividends to stockholders, 15,000 00
Commissions or brokerage, 394,106 28
Salaries, fees, etc., of officers and employees, .... 129,797 05
Rents, including company's own occupancy, .... 6,000 00
Repairs and expenses on real estate, 11,134 17
Real estate taxes, $2,323 . 60 ; other taxes and fees, $39,105 . 97, 41,429 57
Loss on sale or maturity of ledger assets, .... 31,925 40
All other disbursements, 72,030 41
Total disbursements, $1,892,723 95
Balance, $2,800,040 82
Ledger Assets.
Real estate, $356,217.44; mortgages, $723,483.46,
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B),
Cash in banks and office, .....
Agents' balances,
All other ledger assets,
Total ledger assets,
$1,079,700 90
1,450 00
1,342,409 93
131,354 40
227,125 59
18,000 00
$2,800,040 82
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $13,212.56; collateral loans, $15.34; other
assets, $90 13,317 90
Rents due and accrued on company's property, . . . 1,734 84
Market value of stocks and bonds over book value, * . . 36,197 24
Gross assets $2,851,290 80
AMERICAN FIRE INSURANCE CO. 117
Assets not admitted.
Special deposits less $17,753.20 liability thereon, . . . $38,746 80
Total admitted assets, $2,812,544 00
Liabilities.
Unpaid losses, including $ 15,600 . 09 resisted, $ 198,842 . 43 ; less
reinsurance, $15,280.62 $183,56181
Unearned premiums on outstanding risks, $ 1 ,372,374 . 10 ; plus
same on disallowed reinsurance, $10,818.52, . . . 1,383,192 62
Reclaimable on perpetual fire policies, 580,174 09
Commissions and other charges due agents and brokers, . 5,872 55
All liabilities, except capital and surplus, . . . $2,152,801 07
Surplus to policy holders, .... $659,742 93
Paid-up capital, 500,000 00
Surplus over capital and general liabilities, .... 159,742 93
Total liabilities, $2,812,544 00
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31,1903, . . $214,436,274 00 $2,642,901 00
Fire risks written during 1904, . . . .163,714,07100 2,154,005 47
Total $378,150,345 00 $4,796,906 47
Risks expired and terminated, .... 148,205,099 00 1,972,541 31
In force at end of year, .... $229,945,246 00 $2,824,365 16
Amount reinsured, 17,554,942 00 219,306 46
Net amount in force, .... $212,390,304 00 $2,605,058 70
Perpetual risks in force (not included above), $22,427,343 00 $635,986 10
Miscellaneous.
Premiums received from organization of company, . $44,968,570 00
Losses paid from organization of company, .... 25,790,620 00
Fire losses incurred during the year, 1,182,983 00
Cash dividends declared from organization of company, . 3,000,936 00
Dividends declared during the year (3 per cent.), . . . 15,000 00
Company's stock owned by directors, 26,700 00
Schedule A.
Securities held as Collateral.
Market Value. Loaned Thereon.
5 shares Fourth Street National Bank, . . $1,425 00 $1,050 00
31 " Pennsylvania R.R. Co., . . . 2,139 00 400 00
$3,564 00 $1,450 00
118
AMERICAN FIRE INSURANCE CO.
Schedule B.
Stocks and Bonds owned by the Company.
Allegheny Valley R.R. Co. bonds, .
Altoona & Logan Valley Elec. R'y Co. bonds,
American Railways Co. bonds,
Ashtabula & Pittsburgh R.R. Co. bonds, .
Atlantic Coast Line R.R. Co. bonds,
Baltimore & Ohio R.R. bonds, .
Belt Road and Stock Yard bonds, .
Camden & Atlantic R.R bonds,
Central R.R. Co. of New Jersey bonds, .
Chesapeake & Ohio R'y Car Trust bonds,
Choctaw, Okla. & Gulf R.R. Co. bonds, .
Cit} T of Portland, Ore., water bonds,
Connecticut R'} T & Lighting Co. bonds, .
Consol. Traction Co. of New Jersey bonds,
Denver & Rio Grande R.R. Co. bonds,
Eastern Equipment Co. bonds,
Erie R.R. Co. Car Trust bonds,
Georgia R'y & Electric Co. bonds, .
Glenwood Highway Bridge Co. bonds, .
Hughesville water bonds,
Huntingdon & Broad Top Mt. R.R. bonds,
Iron Mountain Car Trust bonds,
Joliet R R. Co. bonds, ....
Lafa} T ette Street R'y Co. bonds,
Lehigh Valley R.R. Co. bonds,
Long Island R.R. Co. bonds, .
Mather Humane Stock Transport. Co. bonds,
Middlesex Banking Co. bonds,
Mortgage Trust Co. of Pennsylvania bonds,
Northern Pacific R.R. Co. bonds,
Northwestern Guaranty bonds,
Omaha Loan & Trust Co. bonds,
Penn. & N. Y. Canal & R.R. Co. bonds, .
Pennsylvania R.R. Co. bonds, .
Pennsylvania Co. bonds, ....
Philadelphia Co. bonds, ....
Philadelphia & Reading R.R. Co. bonds, .
Pitts., Chartiers & Yough. R R. Co. bonds,
Potomac Elec. Power Co. of Wash., D. C, b'ds,
Read. & Ph. Co., & Read. C'l & Iron Co. b'ds,
Savannah Gas Co. bonds, ....
Seaboard Air Line R'y Co. bonds, . . .
Seaboard & Roanoke R.R. Co. bonds,
Second Avenue Traction Co., Pitts., bonds,
Southern R'y Co. bonds, ....
Steubenville & Indiana R.R. Co. bonds, .
St. Louis & San Francisco R.R. Co. bonds,
United Traction Co., Pittsburgh, bonds, .
Western N. Y. & Pennsylvania R.R. bonds,
Wheeling & Lake Erie R.R Co. bonds, .
Wisconsin Central R'y Co. bonds, .
500 shares Cambria Iron Co., .
45 " Wheeling & Lake Erie R.R. Co.,
250 " Philadelphia Traction Co.,
00
86
33
58
00
00
Book Value.
S6,018 07
19,445 00
34,562 50
15,729 44
23,634 44
35,750 00
20,240
15,642
14,213
19,852
32,379
50,000
19,695 62
37,281 08
14,868 08
20,020 56
26,087 75
20,144 44
10,894 91
17,996 57
19,412 50
25,101 26
15,742 83
20,960 00
85,080 68
20,233 33
20,038 88
25,000 00
25,000 00
15,000 00
15,343 65
2,600
82,749
42,406
23,977
24,812
83,822
9,250
25,187
20,787
17,903
10,144
42,472
11,275
24,680
20,419
24,506
24,440 97
5,955 00
34,271 20
23,283 34
21,562 50
00
73
01
50
50
72
00
50
72
50
85
92
00
17
59
60
00
00
00
00
00
00
00
00
00
00
Market Value.
$5,850 00
19,700 00
35,700
15,975
25,375
37,450
21,800
15,975
14,700
19,745
33,000
56,500
20,000 00
38,675 00
15,000 00
20,200 00
26,000 00
19,800 00
11,300 00
13,000 00
20,700 00
25,250 00
15,750 00
21,600 00
102,615 00
20,300 00
20,200 00
23,750 00
23,750 00
11,662 50
767 17
1,560 00
87,400 00
41,600 00
24,375 00
25,500 00
85,375 00
10,300 00
25,250 00
25,750 00
18,020 00
10,000 00
43,450 00
12,595 00
24,875 00
22,890 00
25,000 00
29,000 00
5,950 00
34,262
23,250
23,625
1,740
50
00
00
00
24,531 25 24,750 00
$1,342,409 93 $1,378,607 17
UNDERWRITERS AT AMERICAN LLOYDS. 119
"UNDERWRITERS AT AMERICAN LLOYDS," NEW YORK.
[Commenced business April 30, 1890.]
GEORGE A. STANTON, Attorney.
Borne Office, 45 Cedar Street.
Income.
Net fire premiums, $255,822 14
Interest on bonds, 22,216 34
Total income, $278,038 48
Ledger assets, Dec. 31, 1903, 683,338 74
Total, . $961,377 22
Disbursements.
Net amount paid for fire losses, $64,471 55
Cash dividends paid, 41,390 92
Retiring subscriber, 4,508 03
Commissions or brokerage, 79,684 91
Salaries, fees, etc., of officers and employees, .... 4,605 00
Taxes and fees, 5,473 06
All other disbursements, 66 66
Total disbursements, $200,200 13
Balance, $761,177 09
Ledger Assets.
Bonds (Schedule A), $669,881 25
Cash in banks, 55,167 60
Agents' balances, ,36,128 24
Total ledger assets ' $761,177 09
Non-Ledger Assets.
Interest due and accrued on bonds 8,170 15
Gross assets $769,347 24
Assets not admitted.
Depreciation in book value of bonds, 44,881 25
Total admitted assets, $724,465 99
Liabilities.
Unpaid losses $11,062 32
Unearned premiums on outstanding risks, .... 136,097 99
Due for return premiums, $3,198.37 ; reinsurance, $1,200, . 4,398 37
Reserve for contingencies, 70,000 00
All liabilities, except subscribers' deposits and surplus, . $221,558 68
Surplus to policy holders, .... $502,907 31
Subscribers' deposits paid up, 100,000 00
Surplus over subscribers' deposits and general liabilities, . 402,907 31
Total liabilities, $724,465 99
120
AMERICAN MUTUAL FIRE INSURANCE CO.
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1903, . . f 28,028,837 00 $268,228 71
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, .
Net amount in force, .
. 34,421,586 00 310,221 09
. $62,450,423 00 $578,449 80
. 33,424,565 00 304,580 60
. $29,025,858 00 $273,869 20
282,500 00 1,673 22
.$28,743,358 00 $272,195 98
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year, ....
$3,005,575
1,150,336
. 73,902
392,067
41,391
00
00
00
00
00
Schedule A.
Bonds owned by the Company.
New York city bonds,
Brooklyn city (East River Bridge) bonds,
Essex County Park, N. J., bonds, .
Metropolitan Street R'y bonds,
West Shore R.R. Co. bonds, ....
Pitts., Cin., Chicago & St. Lo. R.R. Co. bonds,
State of Indiana bonds,
State of Massachusetts bonds, ....
Atchison, Topeka & Santa Fe R R. Co. bonds,
Baltimore & Ohio R R. Co. bonds, .
Cleve., Cin., Chicago & St. Lo. R.R. Co. bonds,
Book Value.
$282,625 00
55,500 00
59,000 00
61,125 00
46,000 00
26,625 00
30,000 00
33,975 00
25,156 25
25,000 00
24,875 00
Market Value.
$275,000 00
50,000 00
50,000 00
50,000 00
40,000 00
25,000 00
30,000 00
30,000 00
25,000
25,000
25,000
00
00
00
$669,881 25 $625,000 00
"AMERICAN MUTUAL FIRE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated June 1, 1877. Commenced business June 1, 1877.]
JOHN R. FREEMAN, President. THEODORE P. BOGERT, Secretary.
Home Office, 10 Weybosset Street.
Income.
Net premiums, $231,351 28
Interest on stocks and bonds, $9,418.83; all other, $1,441.35, 10,860 18
Total income,
Ledger assets, Dec. 31, 1903,
$242,211 46
263,260 92
Total, " . $505,472 38
AMERICAN MUTUAL FIRE INSURANCE CO. 121
Disbursements.
Net amount paid for losses, $11,680 10
Profits on terminated policies, 190,988 09
Salaries, fees, etc., of officers and employees, .... 3,354 94
Rents 1,460 28
Taxes and fees, . 4,207 82
All other disbursements, 3,717 47
Total disbursements, $215,408 70
Balance, $290,063 68
Ledger Assets.
Stocks and bonds (Schedule A), $240,115 40
Cash in banks, 44,153 89
Premiums in course of collection, 5,794 39
Total ledger assets, $290,063 68
Non-Ledger Assets.
Interest due and accrued on bonds, 2,119 38
Market value of stocks and bonds over book value, . . 14,188 10
Gross assets, $306,371 16
Liabilities.
Unpaid losses, $353 45
Unearned premiums on outstanding risks, .... 114,086 11
Accrued taxes, 3,736 89
All liabilities, except surplus, $118,176 45
Surplus, 188,194 71
Total liabilities, $306,37116
Risks and Premiums.
Amount. Cash Prem'a. Conting't Prem's.
Risks outstanding Dec. 31, 1903, $24,140,240 00 $203,650 82 $1,018,254 10
Risks written during 1904, . 29,615,027 00 241,843 96 1,209,219 80
Total $53,755,267 00 $445,494 78 $2,227,473 90
Risks expired and terminated, . 26,271,463 00 217,322 57 1,086,612 85
In force at end of year, . .$27,483,804 00 $228,172 21 $1,140,861 05
Miscellaneous.
Losses incurred during the year $10,720 00
Profits or surplus returned during 1904, 92.5 per cent.
122 ASSURANCE COMPANY OF AMERICA.
Schedule A.
Slocks and Bonds owned by the Company.
Book Value. Market Value.
Providence city bonds, ....
Boston city bonds,
Denver City Tramway Co. bonds, .
117 shares Providence & Worcester R.R.,
150 " Old Colony R.R
100 " N. Y., N. H & Hartford R.R ,
130 " Morris & Essex R.R., .
100 " Cleveland & Pittsburg R.R., .
100 " Illinois Central R.R.,
100 " Chicago, Great Western R.R.,
200 " Pitts., Bessemer & Lake Erie R.R.
105 " West End Street R.R., .
500 " Pennsylvania R.R., .
100 " Manhattan R.R.,
$22,000 00 $22,000 00
20,000 00 20,600 00
8,000 00 8,000 00
29,835 00 33,696 00
27,750 00 30,750 00
18,267 90 19,850 00
11,395 00 12,122 50
9,550 00 9,250 00
12,277 50 13,570 00
9,000 00 8,700 00
15,400 00 15,000 00
9,850 00 9,765 00
31,890 00 34,500 00
14,900 00 16,500 00
$240,115 40 $254,303 50
" ASSURANCE COMPANY OF AMERICA," NEW YORK, N. Y.
[Incorporated Feb. 25, 1897. Commenced business April 1, 1897.]
Paid-up Capital, $400,000.
R. BLEECKER RATHBONE, President. CHARLES S. CONKLIN, Secretary.
Home Office, 45 William Street.
Income.
Net fire premiums, $421,756 05
Interest on bonds, $35,215.19 ; all other, $1,537.25, . . 36,752 44
Total income, $458,508 49
Ledger assets, Dec. 31, 1903, 1,222,639 15
Total, $1,681,147 64
Disbursements.
Net amount paid for fire losses, $512,418 01
Interest and dividends to stockholders, 17,456 47
Commissions or brokerage, 119,500 47
Salaries, fees, etc., of officers and employees, . . . . 1,825 00
Taxes and fees 23,296 40
Loss on sale or maturity of ledger assets, .... 342 50
All other disbursements, 8,611 83
Total disbursements, $683,450 68
Balance, $997,696 96
Ledger Assets.
Bonds (Schedule A) $884,39375
Cash in banks 49,577 92
Agents' balances 63,725 29
Total ledger assets, $997,696 96
ASSURANCE COMPANY OF AMERICA.
123
Non-Ledger Assets.
Interest accrued : —
On bonds, $3,315 ; other assets, f 1,156.42,
Gross assets,
1,471 42
$1,002,168 38
Assets not admitted.
Agents 1 balances over three months due,
Depreciation in book value of bonds,
Total unadmitted assets, .
Total admitted assets,
$525 39
30,151 25
30,676 64
,491 74
Liabilities.
Unpaid losses, including $3,619 resisted, $59,314; less rein-
surance, $3,248, $56,066 00
Unearned premiums on outstanding risks, $314,859.32 ; plus
same on disallowed reinsurance, $1,947.77, . . . 316,807 09
Commissions and other charges due agents and brokers, . 6,015 46
Reserve for contingencies, 14,777 66
All liabilities, except capital and surplus, . . . $393,666 21
Surplus to policy holders, .... $577,825 53
Paid-up capital, 400,000 00
Surplus over capital and general liabilities, .... 177,825 53
Total liabilities, $971,49174
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
.$69,260,415 00
. 49,556,757 00
$118,817,172 00
. 64,068,915 00
.$54,748,257 00
. 5,725,877 00
Premiums.
$914,687 56
638,090 47
'1,552,778 03
869,359 80
$683,418 23
68,431 02
.$49,022,380 00 $614,987 21
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Company's stock owned by directors, .
$4,894,741 00
3,160,224 00
494,265 00
265,456 00
202,800 00
Schedule A.
Bonds owned by the Company.
Book Value. Market Value.
New York City bonds, $628,402 50 $594,905 00
Atchison, Topeka & Santa Fe R'y Co. bonds, . 30,600 00 31,050 00
Baltimore & Ohio R.R. Co. bonds, . . . 36,400 00 37,350 00
Chicago & Alton R.R. Co. bonds, . . . 16,565 00 17,000 00
124
ATLANTIC MUTUAL INSURANCE CO.
Denver & Rio Grande R.R. Co. bonds,
Lake Shore & Mich. Southern R.R. Co. bonds,
Lehigh & Wilkes-Barre Coal Co. bonds,
Manhattan R'y Co. bonds,
Metropolitan Street R'y Co. bonds, .
Missouri Pacific R'y Co. bonds,
Oregon Short Line R'y Co. bonds, .
Richmond & Danville R.R. Co. bonds,
Scioto Valley & New England R.R. Co. bonds,
Terminal R.R. Association of St. Louis bonds,
Book Value.
Market Value.
$20,200 00
$20,050 00
19,750 00
20,300 00
10,137 50
10,175 00
15,598 75
15,750 00
18,450 00
18,600 00
12,100 00
12,337 50
24,790 00
25,400 00
11,100 00
11,125 00
20,300 00
20,350 00
20,000 00
19,850 00
1884,393 75
$854,242 50
"ATLANTIC MUTUAL INSURANCE COMPANY,"
NEW YORK, N. Y.
[Incorporated April 11, 1842. Commenced business July 1, 1842.]
A. A. RAVEN, President. G. STANTON FLOYD-JONES, Secretary.
Home Office, 51 Wall Street.
Income.
Net marine premiums, $2,785,826 96
Interest on stocks and bonds, $287,0 17. 56; all other, $7,502. 27, 294,519 83
Rents, including company's own occupancy, .... 280,104 10
Profit on sale or maturity of ledger assets, .... 25,223 41
From all other sources, 61 53
Total income,
Ledger assets, Dec. 31, 1903,
Total, .
. $3,385,735 83
. 12,597,788 34
$15,983,524 17
Disbursements.
Net amount paid for marine losses,
Cash paid for redemption of scrip,
Interest paid to scrip holders,
Commissions or brokerage, .
Salaries, fees, etc., of officers and employees, ....
Rents, including company's own occupancy, ....
Repairs and expenses on real estate,
Real estate taxes, $55,190 . 06 ; other taxes and fees, $45,582 . 82,
All other disbursements,
Total disbursements,
Balance,
Ledger Assets.
Real estate, ....
Stocks and bonds (Schedule A),
Cash in banks, ....
Agents' balances, . .
Bills receivable,
Overdue notes, ....
Scrip owned by the company, .
Total ledger assets, .
$824,156 34
935,000 00
440,975 70
54,816 30
344,401 44
50,000 00
68,665 02
100,772 88
70,444 03
. $2,889,231 71
$13,094,292 46
$4,364,638 53
5,584,526 69
1,768,845 66
241,710 47
1,085,462 68
27,498 43
21,610 00
$13,094,292 46
ATLANTIC MUTUAL INSURANCE CO.
125
Assets not admitted.
Company's scrip owned,
Bills receivable, past due, ....
Depreciation in book value of ledger assets, .
Total unadmitted assets, ....
Total admitted assets, ....
$21,610 00
92,873 83
341,564 70
$456,048 53
^12,638,243 93
Liabilities.
Unpaid losses, including $21,600 resisted,
Unearned premiums on outstanding risks,
Unpaid scrip ordered to be redeemed,
Interest due or accrued, .
Due for return premiums,
Miscellaneous,
Reserve for contingencies,
All liabilities, except scrip and surplus, .
Surplus to policy holders, ....
Scrip outstanding not ordered to be redeemed,
Surplus over scrip and general liabilities,
Total liabilities,
►,334,132 49
12,115,714 00
616,516 57
207,131 48
51,325 27
132,574 98
20,849 14
160,(00 00
13,304,111 44
7,677,080 00
. 1,657,052 49
$12,638,243 93
Risks and Premiums.
Premiums.
Marine risks outstanding Dec. 31, 1903, . $130,562,39100 $724,15184
Marine risks written during 1904, . . . 651,457,589 00 2,909,343 08
Total,
Risks expired and terminated, .
In force at end of year,
$782,019,980 00 $3,633,494 92
.650,344,460 00 3,016,978 35
$131,675,520 00 $616,516 57
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Marine losses incurred during the year (estimated),
Scrip dividends declared during the year,
$221,319,376 00
126,514,942 00
. 1,413,130 00
. 1,180,881 00
Schedule A.
Stocks and Bonds owned by the Company.
District of Columbia bonds,
United States bonds,
N. Y. Central & Hudson River R R. bonds,
N. Y , Chicago & St. Louis R.R. bonds, .
West Shore R R. bonds, ....
Brooklyn & Montauk R.R. bonds.
United States Mortgage & Trust Co. stock,
N. Y. Central & Hudson River R.R. stock,
Metropolitan Trust Co. stock, .
Consolidated Gas Co , N. Y., stock, .
New York City stock, ....
Pennsylvania R.R. Co. stock, .
Book Value.
$94,351 79
558,843 00
282,483 75
195,357 50
203,312 50
75,000 00
26,420 01
358,403 39
408,965
80,065
1,180,829
374,606
15
31
25
25
Market Value.
$200,000 00
500,000 00
259,000 00
160,000 00
160,000 00
60,000 00
26,420 00
417,380 00
396,15f> 52
70,000 00
1,170,545 l
330,000 00
126
BLACKSTONE MUTUAL FIRE INSURANCE CO,
N. Y M Lackawanna & Western R.R. stock,
Morris & Essex R.R. Co. stock,
Delaware, Lackawanna & Western R.R. stock
Chicago & Northwestern R'y Co. stock,
American Exchange Bank stock,
Bank of America stock, .
Bank of Commerce stock,
Bank of New York stock,
Merchants' Bank stock,
Mechanics' Bank stock,
Manhattan Company Bank stock,
Market & Fulton Bank stock, .
Lake Shore & Mich. Southern R.R. bonds,
Northern Pacific-Gt. North. R R. bonds,
Chicago, Burl. & Quincy R R. bonds,
Consolidated Gas Co., N. Y., bonds,
State of New York stock,
Book Value.
f61,687 50
34,475 00
159,212 50
180,075 00
113,004 82
61,765 49
115,437 11
154,805 98
80,203 98
82,369 10
25,524 81
45,080 00
198,125 00
145,622 50
50,250 00
17,500 00
220,750 00
Market Value.
$61,687 00
34,475 00
159,212 00
180,075 00
90,000 00
50,000 00
80,500 00
94,200 00
70,150 00
85,000 00
18,000 00
33,300 00
160,000 00
120,000 00
40,000 00
17,500 00
200,000 00
$5,584,526 69 $5,243,600 52
"BLACKSTONE MUTUAL FIRE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated August, 1868. Commenced business August, 1868.]
WM. B. McBEE, President. JAMES H. SWEET, Secretary.
Home Office, 10 Weybosset Street.
Income.
Net premiums,
Interest on stocks and bonds, $23,783.55 ; all other,
Profit on sale or maturity of ledger assets,
Total income,
Ledger assets, Dec. 31, 1903,
5,789.57,
$578,980 43
27,573 12
2,475 00
$609,028 55
623,324 12
Total, $1,232,352 67
Disbursements.
Net amount paid for losses,
Profits on terminated policies,
Salaries, fees, etc., of officers and employees, ....
Rents, including company's own occupancy, .
Taxes,
Inspections, ..........
All other disbursements,
Total disbursements, .
1,112 56
482,104 96
10,847 01
1,360 07
10,868 94
8,299 39
2,120 82
$571,713 75
Balance, $660,638 92
Ledger Assets.
Stocks and bonds (Schedule A),
Cash in banks, ....
Premiums in course of collection,
$542,532 96
107,816 08
10,289 88
Total ledger assets, f 660,638 92
BLACKSTONE MUTUAL FIRE INSURANCE CO.
127
Non-Ledger Assets.
Interest accrued : —
On stocks and bonds, $8,098.17 ; other assets, $1,122.38,
Market value of stocks and bonds over book value,
$9,220 55
108,268 04
Gross assets, $778,127 51
Assets not admitted.
Agents' balances over three months due,
Total admitted assets, ....
2 50
$778,125 01
Liabilities.
Unpaid losses, $1,382 92
Unearned premiums on outstanding risks, .... 285,126 14
Taxes, 9,035 05
All liabilities, except surplus, $295,544 11
Surplus 482,580 90
Total liabilities, $778,125 01
Risks and* Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1903, $64,670,763 00 $531,915 46 $2,659,577 30
Risks written during 1904, . 75,101,898 00 604,793 31 3,023,966 55
Total, .... $139,772,661 00 $1,136,708 77 $5,683,543 85
Risks expired and terminated, . 69,549,116 00 566,456 49 2,832,282 45
In force at end of year, . .$70,223,545 00 $570,252 28 $2,851,261 40
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 89.04 per cent.
Schedule A.
Stocks and Bonds owned by the Company.
$52,580 00
Rhode Island State bonds,
United States bonds, ....
Chicago, Burlington & Quincy R.R. bonds,
United Traction & Electric Co. bonds,
Gt. Northern & Northern Pacific R.R. bonds,
Long Island R R. bonds
360 shares Illinois Central R.R.,
230 " Chicago & Northwestern R.R ,
200 " Rome, Watertown & Og. R.R ,
944 " Pennsylvania R R ,
170 " Pitts , Ft. Wayne & Chic R.R.,
50 " Rensselaer & Saratoga R.R., .
110 " Mahoning Coal Co.,
150 " Hereford R.R ,
Book Value.
$100,000 00
16,000 00
5,000 00
25,000 00
26,951 27
9,900 00
37,417 50
22,912 50
20,000 00
60,203 24
29,442 50
9,900 00
6,655 00
15,178 12
Market Value.
$107,250 00
20,920 00
4,890 00
27,687 00
56,560 00
10,150 00
56,250 00
47,610 00
27,100 00
65,254 00
31,365 00
10,300 00
6,600 00
14,925 00
128 BRITISH AMERICAN INSURANCE CO. OF NEW YORK.
Albany & Susquehanna R.R., .
Morris & Essex R.R.,
Upper Coos R R., .
Cleveland & Pittsburgh R.R.,
Erie & Pittsburgh R.R., .
Illinois Central R.R.,
Pitts., Bessemer & Lake Erie R.R
National Bank of North America,
Lime Rock National Bank,
Manhattan Elevated R'y Co., .
Pitts., McKeesp. & Yough. R.R ,
Atlanta & Charlotte R R.,
Cleveland, Cin. & Chic. R.R , .
60 shares
300
it
50
u
100
(t
100
(1
100
It
100
u
100
l(
200
(t
250
11
222
II
50
it
50
It
Book Value.
Market Value.
$14,580 00
$14,100 00
28,269 23
28,125 00
7,450 00
7,000 00
9,750 00
9,250 00
8,237 50
8,025 00
10,750 00
10,450 00
7,702 60
7,200 00
4,875 00
8,500 00
2,000 00
300 00
35,162 50
41,250 00
15,446 00
15,540 00
8,000 00
8,300 00
5,750 00
5,900 00
$542,532 96
$650,801 00
"BRITISH AMERICAN INSURANCE COMPANY OF NEW YORK,"
NEW YORK, N. Y.
[Incorporated February, 1898. Commenced business February, 1898.]
Paid-up Capital, $200,000.
E. J. KNOWLES, President. C. V. HOWARD, Secretary pro tern.
Home Office, 45 Cedar Street.
Income.
Net fire premiums,
Interest on stocks and bonds, $ 9,925 ; all other
Paid in by stockholders, ....
Total income, ....
Ledger assets, Dec. 31, 1903, .
Total,
Disbursements
Net amount paid for fire losses,
Interest and dividends to stockholders,
Commissions or brokerage,
Salaries, fees, etc , of officers and employees,
Rents,
Taxes and fees,
Loss on sale or maturity of ledger assets,
Profit and loss, .....
All other disbursements, .
Total disbursements, .
Balance, .....
Ledger Assets
Stocks and bonds (Schedule A),
Cash in banks and office, .
Agents' balances,
,$110.72,
Total ledger assets,
$195,899 39
10,035 72
40,000 00
f245,935 11
480,304 97
$726,240 08
$173,068 51
5,000 00
42,519 76
9,062 06
1,541 67
6,564 95
10,476 30
28 31
10,254 24
$258,515 80
$467,724 28
$320,633 25
55,672 01
91,419 02
$467,724 28
BRITISH AMERICAN INSURANCE CO. OF NEW YORK. 129
Non-Ledger Assets.
Interest accrued on stocks and bonds,
Gross assets,
Assets not admitted.
Depreciation in book value of stocks and bonds,
Total admitted assets,
Liabilities.
Unpaid losses, $12,825.52 ; less reinsurance, $1,307.98, .
Unearned premiums on outstanding risks, ....
Due for reinsurance premiums,
All liabilities, except capital and surplus,
Surplus to policy holders, .... $251,194 67
Paid-up capital,
Surplus over capital and general liabilities, ....
$2,166 65
$469,890 93
3,420 75
$466,470 18
$11,517 54
201,485 37
2,272 60
$215,275 51
200,000 00
51,194 67
Total liabilities, $466,470 18
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, .
. $29,282,354 00
. 45,938,330 00
. $75,220,684 00
. 37,155,052 00
. $38,065,632 00
. 2,548,458 00
Premiums.
$375,681 45
473,190 95
$848,872 40
439,466 50
$409,405 90
33,689 50
Net amount in force, .
$35,517,174 00 $375,716 40
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (2.5 per cent),
Company's stock owned by directors,
Schedule A.
Stocks and Bonds owned by the Company.
New York City bonds, ....
Pennsylvania R.R. Co. stock, .
Chicago, Mil. & St. Paul R'y Co. stock, .
Illinois Central R.R. Co. stock, .
Atchison, Topeka & Santa Fe R'y Co. stock,
Consolidated Gas Co. of New York stock,
Book Value.
5216,052 00
31,593 75
14,775 00
27,012 50
10,187 50
21,012 50
,383,892 00
831,763 00
158,302 00
5,000 00
5,000 00
180,000 00
Market Value.
$204,250 00
34,562 50
17,175 00
31,300 00
10,125 00
19,800 00
$320,633 25 $317,212 60
130
BUFFALO COMMERCIAL INSURANCE CO.
"BUFFALO COMMERCIAL INSURANCE COMPANY,"
BUFFALO, N. Y.
[Incorporated April 15, 1896. Commenced business April 16, 1896.]
Paid-up Capital, $200,000.
JOHN G. WTCKSER, President. GEO. H. HOFHEINS, Secretary.
Home Office, 455 Main Street.
Income.
Net fire premiums,
Interest on mortgage loans, f 5,620. 24; bonds, $9,902.82,
Total income, .....
Ledger assets, Dec. 31, 1903, .
Total,
Disbursements
Net amount paid for fire losses,
Interest and dividends to stockholders, .
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents,
Taxes and fees,
Loss on sale or maturity of ledger assets,
Profit and loss,
All other disbursements, ....
Total disbursements, ....
Balance,
Ledger Assets
Mortgages,
Bonds (Schedule A),
Cash in banks and office,
Agents' balances,
Total ledger assets,
Non-Ledger Assets.
Interest accrued : —
On mortgages, $7u4.50 ; bonds, $1,363.28,
Gross assets,
Liabilities.
$260,413 86
15,523 06
$275,936 92
446,980 36
$722,917 28
$117,041 94
16,000 00
65,199 95
7,666 11
450 00
5,249 09
2 50
119 29
11,159 96
$222,888 84
$500,028 44
$116,950 00
277,230 18
71,472 58
34,375 68
$500,028 44
2,067 78
$502,096 22
$14,829 77
187,035 83
$201,865 60
2( 0,000 00
100,230 62
Total liabilities, $502,096 22
Unpaid losses, including $1,000 resisted,
Unearned premiums on outstanding risks, $186,616.89 ; plus
same on disallowed reinsurance, $418.94, .
All liabilities, except capital and surplus,
Surplus to policy holders, .
Paid-up capital,
Surplus over capital and general liabilities, .
$300,230 62
BUFFALO GERMAN INSURANCE CO.
131
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
. $24,906,306 00 $299,177 19
. 24,898,241 00 313,194 32
Total, . . . . .
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, .
Net amount in force, .
.$49,804,547 00 $612,371 51
. 19,445,623 00 252,816 60
.$30,358,924 00 $359,554 91
. 1,008,455 00 9,662 48
. $29,350,469 00 $349,892 43
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, .
$1,356,229 00
726,659 00
122,553 00
43,000 00
16,000 00
68,500 00
State of New York bonds,
City of Buffalo, N. Y., bonds,
Schedule A.
Bonds owned by the Company.
Book Value. Market Value.
. $100,000 00 $100,000 00
177,230 18 177,230 18
$277,230 18 $277,230 18
"BUFFALO GERMAN INSURANCE COMPANY," BUFFALO, N. Y
[Incorporated Feb. 15, 1867. Commenced business Feb. 16, 1867.]
Paid-up Capital, $200,000.
OLIVER J. EGGERT, President. CHARLES A. GEORGER, Secretary.
Home Office, 447 Main Street.
Income.
Net lire premiums, $511,174 54
Interest on mortgage loans, $22,689. 09 ; collaterals, $1,390. 74 ;
stocks and bonds, $45,178.37 ; all other, $19,019.37, . . 88,277 57
Rents, including company's own occupancy, .... 22,573 12
From all other sources, 4,279 11
Total income, $626,304 34
Ledger assets, Dec. 31, 1903, 2,194,029 52
Total, $2,820,333 86
Disbursements.
Net amount paid for fire losses, $238,133 12
Interest and dividends to stockholders, 60,000 00
Commissions or brokerage, 132,595 96
Salaries, fees, etc., of officers and employees, .... 31,161 67
132 BUFFALO GERMAN INSURANCE CO.
Rents, including company's own occupancy, .... §2,000 00
Repairs and expenses on real estate, 6,575 26
Real estate taxes, $13,639. 83; other taxes and fees, $10,772. 10, 24,411 93
Loss on sale or maturity of ledger assets, . . . . 199 37
Profit and loss, . . ' 182 52
All other disbursements, 23,462 52
Total disbursements, $518,722 35
Balance, $2,301,611 51
Ledger Assets.
Real estate, $ 315,000 ; mortgages, $437,000,
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B), .
Cash in banks and office, ....
Agents' balances,
$752,000 00
13,175 00
1,296,331 18
185,727 83
54,377 50
Total ledger assets, $2,301,611 51
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $2,986.99; stocks and bonds, $9,506.62 ; col-
lateral loans, $219.65, 12,713 26
Rents accrued on company's property, 1,195 19
Gross assets,* $2,315,519 96
Liabilities.
Unpaid losses, including $1,000 resisted $18,729 26
Unearned premiums on outstanding risks, $469,315.83; plus
same on disallowed reinsurance, $1,648.99, . . . 470,964 82
Reserve for contingencies, . 50,000 00
All liabilities, except capital and surplus, . . . $539,694 08
Surplus to policy holders, .... $1,775,825 88
Paid-up capital, 200,000 00
Surplus over capital and general liabilities, .... 1,575,825 88
Total liabilities, $2,315,519 96
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1903, . . $86,366,128 00 $908,374 58
Fire risks written during 1904, . . . 59,303,354 00 663,071 23
Total $145,669,482 00 $1,571,445 81
Risks expired and terminated, . . . . 51,814,59100 597,800 78
In force at end of year, $93,854,89100 $973,645 03
Amount reinsured, 6,818,830 00 68,036 41
Net amount in force, $87,036,06100 $905,608 62
Including $200,000 special reserve held under New York law.
CALEDONIAN-AMERICAN INSURANCE CO.
133
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (30 per cent.),
Company's stock owned by directors, ....
$11,858,723 00
5,708,626 00
233,836 00
1,385,925 00
60,000 00
46,200 00
Schedule A.
Securities held as Collateral.
Market Value. Loaned Thereon.
Exchange Elevator Co., Buffalo, N. Y., stock, .
Central Production Co., Pittsburgh, Pa., stock,
Fidelity Trust Co., Buffalo, N. Y., stock, .
Frontier Telephone Co , Buffalo, N Y., bonds,
Commonwealth Trust Co., Buffalo, N. Y., st%
Schedule B.
$1,000 00
1,250 00
12,500 00
5,000 00
2,500 00
$700 00
125 00
7,350 00
5,000 00
$22,250 00 $13,175 00
Slocks and Bonds owned by the Company.
Book Value.
City of Buffalo, N. Y., bonds $942,081 18
Erie County bonds 273,000 00
Buffalo Southwestern R R. bonds, . . . 36,250 00
Third National Bank stock, .... 45,000 00
Market Value.
$942,081 18
273,000 00
36,250 00
45,000 00
:,296,331 18 $1,296,331 18
"CALEDONIAN-AMERICAN INSURANCE COMPANY,"
NEW YORK, N. Y.
[Incorporated Dec. 24, 1897. Commenced business March 24, 1898.]
Paid-up Capital, $200,000.
CHARLES H. POST, President. N. A. McNEIL, Vice-President and Secretary.
Home Office, 50 Pine Street.
Income.
Net fire premiums, .
Interest on stocks and bonds,
Total income,
Ledger assets, Dec. 31, 1903,
Total, ....
$9,671 10
9,700 00
$19,371 10
301,802 76
|321,173 86
Disbursements.
Net amount paid for fire losses,
Interest and dividends to stockholders, .
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents,
$. r »,.So9 86
9,000 00
2,330 59
1,014 38
53 13
134 CALEDONIAN-AMERICAN INSURANCE CO.
Taxes and fees, $312 00
All other disbursements, 681 89
Total disbursements, $ 18,761 85
Balance, $302,422 01
Ledger Assets.
Stocks and bonds (Schedule A), $288,757 59
Cash in banks 2,108 73
Agents' balances, 11,269 97
Reinsurance due on losses paid, 285 72
Total ledger assets, $302,422 01
Non-Ledger Assets.
Interest due on stocks and bonds, 2,345 83
Commissions on reinsurance premiums unpaid, . . . 895 50
Gross assets, $305,663 34
Assets not admitted.
Agents' balances over three months due, . $157 60
Depreciation in book value of stocks and bonds, 657 59
Excess of agents' balances over unearned pre-
miums, 313 30
Total unadmitted assets, .... 1,128 49
Total admitted assets, $304,534 85
Liabilities.
Unpaid losses, including $500 resisted, $2,685.40; less rein-
surance, $2,032.45, $652 95
Unearned premiums on outstanding risks, .... 10,799 07
Due for reinsurance premiums, 3,685 20
All liabilities, except capital and surplus, . . . $15,137 22
Surplus to policy holders, .... $289,397 63
Paid-up capital, 200,000 00
Surplus over capital and general liabilities, .... 89,397 63
Total liabilities, $304,534 85
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Premiums.
$15,404,677 00 $176,438 57
8,763,921 00 107,024 49
$24,168,598 00 $283,463 06
8,392,980 00 102,584 70
$15,775,618 00 $180,878 36
14,017,528 00 160,100 70
Net amount in force, $1,758,090 00 $20,777 66
CAMDEN FIRE INSURANCE ASSOCIATION.
135
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (4.5 per cent.),
Company's stock owned by directors,
Schedule A.
Slocks and Bonds owned by the Company.
New York City school bonds, ....
Steinway R R Co. of N. Y. bonds, .
Brooklyn, Queens Co. & Subur. R.R, Co. b'ds,
N. Y., Ont & West. R'y Co. bonds, .
The Tenth & Twenty-third St. Fer. Co's b'ds,
Morris & Essex R'y Co. stock, ....
Cleveland & Pittsburg R.R. Co stock,
Rome, Watertown & Ogdens. R.R. Co. stock, .
Pitts., Bessemer & Lake Erie R.R. Co. stock, .
N. Y., Chic. & St. Louis R.R. Co. stock, .
Book Value.
$200,000 00
5,718
5,481
5,097
5,087
17,639
17,976
12,785 79
7,283 90
11,687 67
75
25
38
50
29
06
$354,700 00
280,228 00
5,189 00
37,000 03
9,000 00
4,500 00
Market Value.
$197,500 00
5,950 00
5,550
5,250
4,750
18,700
18,500
13,700
7,200
11,000
00
00
00
00
00
00
00
00
$288,757 59 f 288,100 00
•■ CAMDEN FIRE INSURANCE ASSOCIATION," CAMDEN, N. J.
[Incorporated March, 1841. Commenced business April, 1841.]
Paid-up Capital, $400,000.
EDMUND E. READ, Jr., President. JOSEPH K. SHARP, Secretary.
Home Office, 434 Federal Street.
Income.
Net fire premiums, $643,988 49
Deposit premiums on perpetual risks, 1,153 00
Interest on mortgage loans, $13,070.94; collaterals, $3,-
633.70 ; stocks and bonds, $29,316.15 ; all other, $833.58, . 46,854 37
Rents 941 62
Profit on sale or maturity of ledger assets, .... 12,525 42
From all other sources, . 23 50
Total income,
Ledger assets, Dec. 31, 1903, plus increase of capital, $100,000
and surplus paid in $100,000,
$705,486 40
1,239,378 63
Total, .
Disbursements.
Net amount paid for fire losses,
Deposit premiums returned,
Interest and dividends to stockholders,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Repairs and expenses on real estate,
Real estate taxes, $387.50 ; other taxes and fees, $7,758.54,
. $1,944,865 03
. $318,942
94
851
63
24,902
55
196,097
05
21,622
27
529
19
8,146
04
136
CAMDEN FIRE INSURANCE ASSOCIATION.
Loss on sale or maturity of ledger assets, .... $512 27
All other disbursements, 17,369 81
Total disbursements, $589,023 75
Balance, $1,355,841 28
Ledger Assets.
Real estate, $38,976.64 ; mortgages, $285,350,
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B),
Cash in banks and office,
Agents' balances, ......
Total ledger assets,
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $3,491 . 23 ; collateral loans, $100 ; other assets,
$575,
Rents due on company's property, ......
Market value of stocks and bonds over book value,
$324,326 64
50,500 00
880,537 07
36,685 32
63,792 25
$1,355,841 28
4,166 23
90 00
4,522 93
Gross assets, $1,364,620 44
Assets not admitted.
Agents' balances over three months due,
Depreciation in book value of real estate,
Total unadmitted assets, ....
$1,754 86
1,976 64
3,731 50
Total admitted assets,
Liabilities.
Unpaid losses, $63,337; less reinsurance, $3,308.60,
Unearned premiums on outstanding risks, $453,460.60; plus
same on disallowed reinsurance, $860, .....
Reclaimable on perpetual fire policies,
Dividends due stockholders,
Due for reinsurance premiums,
All liabilities, except capital and surplus,
Surplus to policy holders, .
Paid-up capital,
Surplus over capital and general liabilities, .
$822,569 01
$1,360,888 94
$60,028 40
454,320 60
23,745 58
193 80
31 55
$538,319 93
400,000 00
422,569 01
Total liabilities, $1,360,888 94
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
. $53,460,942 00
. 65,206,320 00
$118,667,262 00
. 47,585,531 00
.$71,081,731 00
. 3,254,264 00
.$67,827,467 00
Perpetual risks in force (not included above), $1,167,957 00
Premiums.
$647,481 26
832,623 41
$1,480,104 67
608,709 65
$871,395 02
40,688 38
$830,706 64
$26,383 98
CAMDEN FIRE INSURANCE ASSOCIATION.
137
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Stock dividends declared from organization of company,
Dividends declared during the year (6.2 per cent.)
Company's stock owned by directors, ....
$2,419,787 00
921,221 00
337,187 00
339,903 00
52,865 00
24,953 00
55,400 00
Schedule A.
Securities held as Collateral.
Central Trust Co. stock, ....
West Jersey & Seashore R.R. stock,
American Dredging Co. stock, .
Reading R.R. bonds,
South Jersey Gas, Elec. & Tract. Co. stock,
Schedule B.
Market Value. Loaned Thereon.
$30,300 00
5,015 00
30,000 00
2,400 00
Stocks and Bonds owned by the Company.
Bridgeton, N. J., city bonds,
Jersey City, N. J., bonds, .
Philadelphia city bonds, .
Boston city bonds,
Camden city bonds, .
Lehigh Valley Coal Co. bonds,
Choctaw, Oklahoma & Gulf R.R. bonds,
Read Co. & Phil. & Read. C'l & I'n Co. bonds
Consolidated Traction Co. of N. J. bonds,
Electric & People's Traction Co. bonds, .
Norfolk & Western R R. Co. bonds,
Maryland Steel Co. bonds,
Syracuse Rapid Transit Co. bonds, .
Philadelphia Co. bonds, ....
South Bound R.R. Co. bonds, .
Wisconsin Central R.R. Co. bonds, .
City of Duluth Water and Light bonds, .
Jersey City, Hoboken & Pat. R R. Co. bonds.
Choctaw & Memphis R.R. Co. bonds,
Reading Co Equipment Trust bonds,
Iron Mountain Car Trust bonds,
Atlantic Coast Line R.R Co. bonds,
Norfolk & West. Pocahon. Pur. Money bonds
Citizens 1 St. R'y Co. of Muncie, lnd., bonds,
Penn. & Northwestern R.R. Co bonds,
Lehigh Valley R.R. bonds,
Erie R.R. Co. bonds, ....
Camden & Suburban R'y Co. bonds,
Schuylkill River East Side R.R. bonds,
St. Louis & San Francisco R.R. bonds.
Western N. Y. & Penn. R R. Co. bonds,
Camden Horse R.R. Co. bonds,
16 shares Girard Trust Co. (Phil.),
300 41 Philadelphia & Camden Ferry Co.,
150 " Philadelphia Traction Co.,
Book Value.
$5,343 33
5,100 CO
11,334 17
5,100 00
3,583 70
21,143 75
31,197 50
22,018 75
54,862 50
24,968 75
19,062 50
20,208 33
8,110 00
29,845 00
9,750 00
13,662 50
5,800 00
16,468 75
5,475 00
15,138 75
15,374 89
14,755 84
4,737 50
4,216 67
11,600 00
10,075 00
10,075 00
26,040 00
19,900 00
9,712 50
5,762 50
16,106 94
7,973 37
38,225 00
14,537 50
|20,000 00
4,000 00
25,000 00
1,500 00
$67,715 00 $50,500 00
00
00
00
00
00
Market Value.
$5,000 00
5,050 00
11,100 00
5,100 00
3,000 00
23,310 00
32,300 00
25,500 00
54,500 00
25,000 00
20,200 00
20,600 00
8,400
29,450
11,300
13,800
5,700
15,400 00
5,61,0 00
15,000 00
15,150 00
14,850 00
4,750 00
4,200 00
11,200 00
10,000 00
10,000 00
26,050 00
2",S00 00
10,100 00
5,950 00
16,060 00
11,200 00
42,000 00
14,850 00
138
THE CAPITAL FIRE INSURANCE CO.
300 shares West Jersey & Seashore R.R.,
100 " Philadelphia Co., .
100 " United N. J. It R. & Canal Co.,
100 " Phil., Germ & Norrist'n R.R. Co.,
20 " Morris Canal & Banking Co.,
400 " Camden Horse R.R. Co, .
Camden County, N. J, bonds, .
Ocean City, N. J, bonds
Seaboard Air Line R.R. bonds,
West Jersey & Seashore R.R. bonds,
South Jersey Gas, Electric & Tract, bonds,
Newark Passenger R.R. bonds,
Trenton Gas & Electric Co. bonds, .
Newark Con. Gas Co. bonds, .
25 shares General Asphalt Co.,
100 " Consolidated Lake Superior Co,
Book Value.
$31,239 25
4,712 50
27,194 63
16,900 00
3,500 00
56,189 99
107,500 00
5,081 10
25,340 97
9,729 31
10,434 72
11,727 78
10,665 28
10,830 55
4,262 50
7,962 50
Market Value.
|32,500 00
4,500 00
27,500 0(5
16,000 00
3,400 00
56,400
107,000
5,000
25,000
9,600
10,300
11,500 00
10,600 00
10,900 00
1,000 00
1,500 00
00
00
00
00
00
00
,537 07 $885,060 00
"THE CAPITAL FIRE INSURANCE COMPANY OF CONCORD,
N. H„" CONCORD, N. H.
[Incorporated March 10, 1886. Commenced business March 19, 1886.]
Paid-up Capital, $200,000.
LYMAN JACKMAN, President. CHAELES L. JACKMAN, Secretary.
Home Office, 2 South Main Street.
Income.
Net fire premiums,
Interest on mortgage loans, $7,506.78 ; collaterals,
and bonds, $9,138.26, ...
Rents,
Profit on sale or maturity of ledger assets,
From all other sources,
Total income,
Ledger assets, Dec. 31, 1903, ....
Total,
>5 ; stocks
$284,637 61
16,740 04
6,245 22
312 50
392 50
$308,327 87
446,090 75
$754,418 62
Disbursements.
Net amount paid for fire losses,
Interest and dividends to stockholders,
Commissions or brokerage,
Salaries, fees, etc , of officers and employees,
Rents,
Repairs and expenses on real estate,
Real estate taxes, $1,121 .63 ; other taxes and fees,
Loss on sale or maturity of ledger assets,
Borrowed money,
All other disbursements,
Total disbursements,
Balance,
$8,096.32,
$128,291 58
8,000 00
64,613 39
17,530 24
700 16
1,394 44
9,217 95
1,699 22
12,500 00
9,546 21
$253,493 19
$500,925 43
THE CAPITAL FIRE INSURANCE CO.
139
Ledger Assets.
Real estate, $94,486.14; mortgages, $112,901.15,
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B), .
Cash in banks and office,
Agents' balances,
Total ledger assets,
$207,387 29
1,700 00
235,741 85
24,156 52
31,939 77
$500,925 43
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $1,688.23; stocks and bonds, $674.16 ; col-
lateral loans, $9.91,
Rents due and accrued on company's property,
Market value of real estate over book value, .
Market value of stocks and bonds over book value,
Gross assets,
2,372 30
853 50
10,713 86
10,465 15
$525,330 24
Liabilities.
Unpaid losses, including $4,000 resisted, $33,053.79 ; less re-
insurance, $5,490.21, $27,563 58
Unearned premiums on outstanding risks, $216,877.49; plus
same on disallowed reinsurance, $2.16, .... 216,879 65
Salaries and other miscellaneous expenses, due or accrued, . 4,548 24
All liabilities, except capital and surplus, . . . $248,99147
Surplus to policy holders, .... $276,338 77
Paid-up capital, 200,000 00
Surplus over capital and general liabilities, .... 76,338 77
Total liabilities, $525,330 24
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
. $33,287,415 00 $395,310 98
. 29,362,087 00 381,631 42
Total, ....
Risks expired and terminated,
In force at end of year,
Amount reinsured, .
Net amount in force, .
. $62,649,502 00 $776,942 40
. 24,687,001 00 311,165 09
.$37,962,501 00 $465,777 31
. 3,483,954 00 52,356 37
.$34,478,547 00 $413,420 94
Miscellaneous.
Premiums received from organization of compan}-,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (4 per cent.), .
Company's stock owned by directors, . . .
. $3,720,708 00
. 1,672,655
00
142,309
00
121,614
00
8,000
00
55,000
00
140
THE CAPITAL FIRE INSURANCE CO.
Schedule A.
Securities held as Collateral.
10 shares National Bank, Lebanon, N. H ,
10 " Iowa Loan & Trust Co., .
Market Value.
$1,250 00
1,350 00
Loaned Thereon.
$1,700 00
Schedule B.
Stocks and Bonds owned by the Company.
City of Concord, N. H., bonds, .
City of Dover, N. H., bonds,
City of Portsmouth, N. H., bonds, .
Town of Montrose, Col , bonds,
City Water Co., Merrill, Wis., bonds,
Winfield Water Co., Winfield, Kan., bonds,
Grand Fork Gas & Electric Co. bonds, .
Denver Consolidated Electric Co. bonds, .
Denver Consol. Gas & Electric Co. bonds,
Denver Gas & Elec. Co. prior lien, .
Nebraska Loan & Trust Co. bonds, .
New Hampshire Trust Co. bonds, .
Central Loan & Debenture Co. bonds,
American Bell Telephone Co. bonds,
American Tel. & Telegraph Co. bonds, .
Western Union Telegraph Co. bonds,
Northern Pacific-Gt. Northern joint bond,
St. Louis & San Francisco R.R. Co. bonds,
Pere Mar. R.R. Co. of Ind. bonds, .
Atchison, Topeka & Santa Fe R.R. bonds,
Chicago, Cin. & Louisville R.R. bonds, .
N. Y. Central & Hud. River R.R. Co.. bonds,
Southern Indiana R'y Co. bonds,
Atchison, Topeka & Santa Fe R.R. bonds,
60 shares Concord & Montreal R.R.,
60 " Pennsylvania R.R., .
50 " Illinois Central R.R.,
35 " Atchison, Topeka & Santa Fe R.R.,
30 " Ch. June. R.R. & Union St. Yards,
10 " Manhattan Elevated R.R.,
1 share Amoskeag Mfg. Co.,
2 shares Nashua Mfg. Co.,
7 " Amory Mfg. Co.,
10 " Nat'l Bank, Lebanon, N. H.,
10 " N'l State Capital B'k, Cone, N
25 " Page Belting Co.,
25 " Prescott Piano Co.,
30 " Pullman Palace Car Co., .
87 " Concord Real Estate Co., .
30 " Mo. & Kan. Telephone Co.,
10 " Amer. Telephone & Tel. Co.,
20 " Western Union Telegraph Co.,
10 " Denver Gas & Electric Co.,
20 " Mergenthaler Linotype Co.,
20 " Massachusetts Electric Co.,
35 " American Woolen Co.,
H.,
00
00
00
00
00
00
Book Value.
$32,000 00
26,487 50
41,200 00
800 00
5,000 00
3,000 00
3,000
1,000
4,400
1,800
400
2,650
2,500 00
1,987 50
4,793 75
7,315 00
7,705 00
1,775
1,900
1,957
4,900 00
2,970 00
2,775
2,842
9,033
4,256
7,262
3,526
3,537
1,396
1,500
1,162
1,148
1,200
2,350
1,250
2,500
3,033 50
8,700 00
3,075 00
1,262 50
1,787 50
3,690 00
1,455 00
2,740 00
00
00
50
00
50
30
25
50
25
50
25
00
50
80
00
00
00
00
Market Value.
$33,310 00
27,040 00
41,800 00
800 00
5,000 00
3,000 00
3,000 00
1,000
4,400
2,020
400
2,520
1,918
1,960
4,875
7,315
7,920
1,800
2,000
2,020
5,050
3,000
2,850
2,820
11,100
4,140
7,800
3,535
3,780
1,650
1,952
1,230
847
1,250
2,350
1,250
2,500
6,540
8,700
3,075
1,460
1,860 00
340 00
3,800 00
1,180 00
3,220 00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
THE CENTRAL MANUFACTURERS' MUTUAL INSURANCE CO. 141
Book Value. Market Value.
20 shares American Locomotive Co., . . $1,970 00 $2,080 00
10 " Amer. Agricul. Chemical Co., . . 832 50 860 00
60 " United States Shoe Machinery Co., . 1,913 75 1,890 00
$235,741 85 |246,207 00
"THE CENTRAL MANUFACTURERS 1 MUTUAL INSURANCE
COMPANY," VAN WERT, OHIO.
[Incorporated April 7, 1876. Commenced business Oct. 2, 1876.]
H. V. OLNEY, President. F. W. PURMORT, Secretary.
Home Office, 100 East Main Street.
Income.
Net premiums, .... $199,736 20
Interest on mortgage loans, f 2,598. 72 ; bonds, $1,273.04; all
other, $602.27, " 4,474 03
Total income, $204,210 23
Ledger assets, Dec. 31, 1903, 142,656 83
Total, $346,867 06
Disbursements.
Net amount paid for losses, $94,958 43
Profits on terminated policies, 23,132 29
Commissions or brokerage, 29,486 55
Salaries, fees, etc., of officers and employees, .... 9,435 87
Rents, 250 00
Taxes and fees, 3,349 93
All other disbursements, 8,360 03
Total disbursements, $168,973 10
Balance, $177,893 96
Ledger Assets.
Mortgages, $82,375 50
Bonds (Schedule A) 56,740 00
Cash in banks and office, 20,159 10
Agents 1 balances, 18,619 36
Total ledger assets, $177,893 96
Non-Ledger Assets.
Interest accrued : —
On mortgages, $1,386.68; bonds, $136.03, .... 1,52271
Market value of bonds over book value, 2,517 00
(iross assets, $181,933 67
142 citizens' insurance co.
Liabilities.
Unpaid losses, including $1,03.2 resisted, .... f 10,816 90
Unearned premiums on outstanding risks, $ 95,352. 47 ; plus
same on disallowed reinsurance, $57.13, .... 95,409 60
All liabilities, except surplus, $106,226 50
Surplus, 75,707 17
Total liabilities, $181,933 67
Risks and Premiums.
Amount. Cash Pre m' e. Conting't Prem's.
Risks outstanding Dec. 31,1903, $7,539,627 00 $157,374 65 $821,63185
Risks written during 1904, . 11,237,236 00 239,753 41 1,215,657 15
Total $18,776,863 00 $397,128 06 $2,037,289 00
Risks expired and terminated, . 9,906,464 00 206,308 87 1,060,203 30
In force at end of year, . . $8,870,399 00 $190,819 19 $977,085 70
Amount reinsured, . . . 4,500 00 114 25 571 25
Net amount in force,. . $8,865,899 00 $190,704 94 $976,514 45
Miscellaneous.
Losses incurred during the year, . . . . . . $94,923 00
Profits or surplus returned during 1901, 20 per cent.
Schedule A.
Bonds owned by the Company.
Book Value. Market Value.
United States bonds, $50,400 00 $52,917 00
Ohio city bonds, 1,800 00 1,800 00
Van Wert street improvement bonds, . . 4,540 00 4,540 00
$56,740 CO $59,257 00
"CITIZENS 1 INSURANCE COMPANY OF MISSOURI,"
ST. LOUIS, MO.
[Incorporated February, 1837. Commenced business 1S37.]
Paid-up Capital, $200,000.
SOL. E. WAGGONER, President. JOHN II. CARR, Secretary.
Home Office, Central Building.
Income.
Net fire premiums, $471,601.57; marine, $137.61,. . . $471,739 18
Interest on mortgage loans, $13,493.53 ; bonds, $11,530, . 25,023 53
Total income $496,762 71
Ledger assets, Dec. 31, 1903, . .' 730,18121
Total, $1,226,943 92
citizens' INSURANCE CO.
143
Disbursements.
Net amount paid for fire losses,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees, .
Rents,
Real estate taxes, $12.70 ; other taxes and fees, $ 16,708. 99,
All other disbursements,
Total disbursements,
Balance,
$335,792 33
85,575 95
37,826 16
2,180 29
16,721 69
35,221 91
$513,318 33
$713,625 59
Ledger Assets.
Real estate, $4,877 ; mortgages, $244,700,
Bonds (Schedule A),
Cash in banks and office,
Agents 1 balances,
Total ledger assets,
$249,577 00
256,615 00
113,441 63
93,991 96
$713,625 59
Non-Ledger Assets.
Interest accrued : —
On mortgages, $3,357 ; bonds, $2,620,
Market value of bonds over book value,
Gross assets, ....
5,977 00
6,415 00
$726,017 59
Liabilities.
Unpaid losses, including $5,719.27 resisted, $150,405.95 ; less
reinsurance, $110,842.83,
Unearned premiums on outstanding risks, $332,498.18; plus
same on disallowed reinsurance, $4,237.76, ....
All liabilities, except capital and surplus,
Surplus to policy holders, . . . .
Paid-up capital,
Surplus over capital and general liabilities, .
Total liabilities,
$349,718 53
$39,563 12
336,735 94
$376,299 06
200,000 00
149,718 53
$726,017 59
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
Marine risks written during 1904, .
Risks expired and terminated, .
$143,815,536 00
. 148,481,228 00
$292,296,764 00
. 116,015,010 00
$176,281,754 00
. 128,888,651 00
Premiums.
$2,031,203 06
2,124,177 68
$4,155,380 74
1,759,164 51
$2,396,216 23
1,761,311 23
. $47,393,103 00 $634,905 00
$94,732 00
94,732 00
$458 72
458 72
144
THE COLONIAL ASSURANCE CO.
Miscellaneous.
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Stock dividends declared from organization of company,
Company's stock owned by directors, ....
Schedule A.
Bonds owned by the Company.
Southern Pacific R.R. bonds, .
Brooklyn Union Elevated R'y bonds,
Elgin, Joliet & E. R'y bonds, .
Chesapeake & Ohio R'y bonds,
International & Great Northern R.R. bonds,
Missouri Pacific R.R. bonds.
Book Value.
$54,875 00
50,500 00
28,500 00
47,500 00
57,765 00
17,475 00
$4,813,783 00
333,303 00
985,798 00
165,000 00
199,800 00
Market Value.
$55,000 00
54,500 00
29,000 00
47,600 00
58,080 00
18,850 00
$256,615 00 $263,030 00
"THE COLONIAL ASSURANCE COMPANY OF THE CITY OF
NEW YORK," NEW YORK, N. Y.
[Incorporated June 15, 1896. Commenced business July 15, 1896.]
Paid-up Capital, $200,000.
LEO H. WISE, President. E. E. HALL, Secretary.
Home Office, 45 Cedar Street.
Income.
Net fire premiums, $481,296 41
Interest on bonds, 15,345 07
Profit on sale or maturity of ledger assets, .... 6,025 00
Total income, '. $502,666 48
Ledger assets, Dec. 81, 1903, 580,132 41
Total, $1,082,798 89
Disbursements.
Net amount paid for fire losses, $300,508.91; marine,
$1,570.88 $302,079 79
Interest and dividends to stockholders, 10,000 00
Commissions or brokerage, 158,978 42
Salaries, fees, etc., of officers and employees, .... 3,375 00
Taxes and fees 13,348 03
Loss on sale or maturity of ledger assets, .... 4,200 00
All other disbursements, 1,197 06
Total disbursements, $493,178 30
Balance, $589,620 59
Ledger Assets.
Bonds (Schedule A) $459,000 00
Cash in banks, 44,623 05
Agents' balances, 85,997 54
Total ledger assets, $589,620 59
THE COLONIAL ASSURANCE CO.
145
Non-Ledger Assets.
Interest due and accrued on bonds, .
1,229 17
Gross assets,
Assets not admitted.
Depreciation in book value of bonds,
Total admitted assets,
Liabilities.
Unpaid losses, $44,663 ; less reinsurance, $1,797.55,
Unearned premiums on outstanding risks, $259,732.59 ; plus
same on disallowed reinsurance, $ 1,697.01,
Due for return premiums, $17,707.92 ; reinsurance, $3,168.78,
All liabilities, except capital and surplus,
Surplus to policy holders, .
Paid-up capital,
Surplus over capital and general liabilities, .
$263,928 01
Total liabilities, .
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, ....
. $38,549,845 00
. 44,926,685 00
. $83,476,530 00
. 45,240,829 00
. $38,235,701 00
. 1,183,218 00
$592,849 76
3,750 00
$589,099 76
$42,865 45
261,429 60
20,876 70
$325,171 75
200,000 00
63,928 01
$589,099 76
Premiums.
$531,918 41
617,339 57
1,149,257 98
622,557 27
$526,700 71
14,504 44
Net amount in force, .
. $37,052,483 00 $512,196 27
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Inland marine losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (5 per cent.), .
Company's stock owned by directors, ....
Schedule A.
Bonds owned by the Company.
Book Value.
United States bonds, $138,750 00
New York State bonds, 100,000 00
New York City bonds, 193,500 00
Brooklyn City East River Bridge bonds, . 26,750 00
$2,894,846 00
2,127,679 00
310,442 00
516 00
44,000 00
10,000 00
99,200 00
Market Value.
$138,750 00
100,000 00
191,000 00
25,500 00
$459,000 00 $455,250 00
146
THE COLONIAL FIRE INSURANCE CO.
"THE COLONIAL FIRE INSURANCE COMPANY OF THE
DISTRICT OF COLUMBIA," WASHINGTON, D. C.
[Incorporated Dec. 12, 1899. Re-incorporated Feb. 11, 1902. Commenced business
Feb. 7, 1900.]
Paid-up Capital, $200,000.
S. W. WOODWARD, President. E. QUINCY SMITH, Secretary.
Home Office, 1410 New York Avenue, N. W.
Income.
Net fire premiums,
Interest on mortgage loans, $8,982.16 ; collaterals, $ 606. 17
bonds, $2,971.54; all other, $14.47
Rents,
Profit on sale or maturity of ledger assets,
From all other sources,
$146,998 65
12,574 34
120 00
1,155 34
16 64
Total income, $160,864 97
Ledger assets, Dec. 31, 1903, 296,194 24
Total, $457,059 21
Disbursements.
Net amount paid for fire losses, $85,679 95
Interest and dividends to stockholders, 10,000 00
Commissions or brokerage, 39,792 27
Salaries, fees, etc., of officers and employees, . . . 6,150 00
Rents 1,050 00
Repairs and expenses on real estate, 75 51
Real estate taxes, $33.88 ; other taxes and fees, $2,829.79, . 2,863 67
All other disbursements, 4,320 82
Total disbursements $149,932 22
Balance, $307,126 99
Ledger Assets.
Real estate, $2,161.09; mortgages, $193,809.64, . . . $195,970 73
Loans secured by collateral (Schedule A), .... 9,47500
Bonds (Schedule B) 75,578 68
Cash in banks and office, ........ 14,981 87
Agents 1 balances, 10,786 15
All other ledger assets, 334 56
Total ledger assets, $307,126 99
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $3,123; bonds, $458.36; collateral loans,
$23.23, ...• 3,604 59
Home office premiums written subsequent to Oct. 1, 1904, . 457 51
All other, 6,131 08
Gross assets,
$317,320 17
THE COLONIAL FIRE INSURANCE CO.
147
Assets not admitted.
Agents' balances over three months due, .
Special deposits less $10,000 liability thereon,
Total unadmitted assets, ....
Total admitted assets, ....
$63 84
259 93
f 323 77
$316,996 40
Liabilities.
Unpaid losses, including $700 resisted,
Unearned premiums on outstanding risks, $88,175.43 ; plus
same on disallowed reinsurance, $257.07,
Commissions and other charges due agents and brokers,
Due for reinsurance premiums,
Miscellaneous,
All liabilities, except capital and surplus,
Surplus to policy holders, .
Paid-up capital,
Surplus over capital and general liabilities,
$209,293 26
$12,769 12
88,432 50
106 19
356 48
6,038 85
$107,703 14
200,000 00
9,293 26
Total liabilities, $316,996 40
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
.$12,857,857 00 $136,608 13
. 12,303,602 00 191,615 63
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
.$25,161,459 00 $328,223 76
. 10,984,720 00 156,105 72
$14,176,739 00 $172,118 04
1,118,401 00 10,122 73
.$13,058,338 00 $161,995 31
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (5 per cent.), .
Company's stock owned by directors, ....
$560,697 00
236,011 00
89,448 00
20,000 00
10,000 00
82,800 00
Schedule A.
Securities held as Collateral.
30 shares N'l Metro. B'k, Washington, D. C,
436 " American Graphophone Co., .
7 " Union Sav. B'k, Washington, D. C,
Market Value.
$21,750 00
1,526 00
1,260 00
Loaned Thereon.
$7,500 00
1,100 00
875 00
$24,536 00 $9,475 00
148 COLUMBIA INSURANCE CO.
Schedule B.
Bonds owned by the Company.
Book Value. Market Value.
Norfolk, Va., city bonds, $10,259 93 $10,259 93
New York city bonds 54,875 00 54,875 00
U. S. Electric Light bonds 10,443 75 10,443 75
$75,578 68 $75,578 68
" COLUMBIA INSURANCE COMPANY," JERSEY CITY, N. J.
[Incorporated March 21, 1901. Commenced business March 21, 1901.]
Paid-up Capital, $400,000.
GEO. F. CRANE, President. H. HALTERMANN, Secretary.
Home Office, 15 Exchange Place.
Income.
Net marine premiums, $71,283 04
Interest, 17,231 09
From all other sources, 14 17
Total income, $88,528 30
Ledger assets, Dec. 31, 1903, 521,136 01
Total, $609,664 31
Disbursements.
Net amount paid for marine losses, $66,485 55
Commissions or brokerage, ....... 8,947 42
Salaries, fees, etc , of officers and employees, .... 6,450 00
Taxes and fees, 2,030 26
All other disbursements, 4,156 35
Total disbursements, . . $88,069 58
Balance, $521,594 73
Ledger Assets.
Bonds (Schedule A), $480,688 13
Cash in banks and office, 29,549 24
Agents 1 balances, 11,357 36
Total ledger assets, $521,594 73
Non-Ledger Assets.
Interest accrued on bonds, 4,465 00
Due from reinsurers, 102 79
Gross assets, $526,162 52
COLUMBIA INSURANCE CO.
149
Assets not admitted.
Agents' balances over three months due,
Depreciation in book value of bonds,
Total unadmitted assets, .
Total admitted assets,
$2,004 95
20,989 38
$22,994 33
$503,168 19
Liabilities.
Unpaid losses, including f 6,500 resisted, $25,841 . 82 ; less rein-
surance, $100,
Unearned premiums on outstanding risks, $30,633.80; plus
same on disallowed reinsurance, $30,
Commissions and other charges due agents and brokers,
Due for reinsurance premiums,
All liabilities, except capital and surplus,
Surplus to policy holders, .
Paid-up capital,
Surplus over capital and general liabilities, .
$141,428 17
$25,741 82
30,663 80
800 26
4,534 14
,740 02
400,000 00
41,428 17
Total liabilities, $503,168 19
Risks and Premiums.
Marine risks outstanding Dec. 31, 1903,
Marine risks written during 1904, .
Total,
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, ....
Net amount in force, .
$3,204,567 00
5,677,110 00
$8,881,677 00
4,826,518 00
$4,055,159 00
78,255 00
Premiums.
$83,627 90
103,059 11
$186,687 01
118,676 38
$68,010 63
6,743 03
$3,976,904 00 $61,267 60
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Inland marine losses incurred during the year,
Cash dividends declared from organization of company,
Company's stock owned by directors, ....
$364,844 00
246,800 00
66,136 00
26,000 00
700 00
Schedule A.
Bonds owned by the Company.
City of Jersey City bonds,
City of New York bonds, ....
City of Binghamton bonds,
City of Buffalo bonds, ....
North Pacific & Great Northern R.R. bonds,
New York Central R.R. bonds,
St. Louis, Iron Mountain R.R. bonds,
Chicago & Northwestern R.R. bonds,
Book Value.
$116,375 00
187,610 63
53,812 50
62,925 00
18,100 00
9,600 00
18,475 00
13,790 00
Market Value.
$108,750 00
177,968 75
50,000 00
60,300 00
19,800 00
9,950 00
19,000 00
13,930 00
$480,688 13 $459,698 75
150 COMMERCE INSURANCE CO.
" COMMERCE INSURANCE COMPANY," ALBANY, N. Y.
[Incorporated June 1, 1859. Commenced business June 1, 1859.]
Paid-up Capital, $200,000.
GARRET A. VAN ALLEN, President. ADDISON J. HINMAN, Secretary.
Home Office, 57 State Street.
Income.
Net fire premiums, $206,641 76
Interest on mortgage loans, $1,965.80; collaterals, $148.38 ;
stocks and bonds, $10,294.58; all other, f 1,1 11. 68, . . 13,520 44
Rents, 7,524 18
Profit on sale or maturity of ledger assets, .... 2,290 72
Total income, $229,977 10
Ledger assets, Dec. 31, 1903, 437,906 13
Total, $667,883 23
Disbursements.
Net amount paid for fire losses, $104,549 33
Interest and dividends to stockholders, 16,000 00
Commissions or brokerage, 50,215 23
Salaries, fees, etc., of officers and employees, .... 14,602 70
Repairs and expenses on real estate, 1,024 17
Real estate taxes, $ 2,030. 20; other taxes and fees, $9,504. 39, . 11,534 59
All other disbursements, 7,708 00
Total disbursements, $205,634 02
Balance, $462,249 21
Ledger Assets.
Real estate, $77,000 ; mortgages, $44,300,
Loans secured by collateral (50 shares United Trac. Co.),
Stocks and bonds (Schedule A), .....
Cash in banks and office,
Agents' balances,
$121,300 00
5,000 00
264,250 00
51,672 03
20,027 18
Total ledger assets, $462,249 21
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $450; stocks and bonds, $2,245.93, . . . 2,695 93
Rents accrued on company's property, 849 97
Market value of stocks and bonds over book value, . . 9,512 50
Gross assets, $475,307 61
COMMERCE INSURANCE CO.
151
Liabilities.
Unpaid losses, including $ 2,300 resisted, $24,604 ; less rein-
surance, f 1,858 $22,746 00
Unearned premiums on outstanding risks, $140,075.78; plus
same on disallowed reinsurance, $8,510.31, . . . . 148,586 09
Due for reinsurance premiums, 242 57
All liabilities, except capital and surplus, . . . $17 1,574 66
Surplus to policy holders, .... $303,732 95
Paid-up capital, 200,000 00
Surplus over capital and general liabilities, .... 103,732 95
Total liabilities, $475,307 61
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
$25,185,817 00 $277,158 39
21,419,966 00 250,540 60
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
$46,605,783 00 $527,698 99
19,766,875 00 238,218 97
$26,838,908 00 $289,480 02
1,330,113 00 15,964 36
!5,508,795 00 $273,515 66
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared f i om organization of company
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors,
^6,560,405 00
4,086,532 00
114,626
984,000
16,000
72,850
00
00
00
00
Schedule A.
Stocks and Bonds owned by the Company.
Book Value. Market Value.
New York City bonds, $94,250 00 $96,842 50
Albany city bonds, 73,500 00 73,500 00
Brooklyn, N. Y., bonds, 10,000 00 10,250 00
Albany county bonds, 10,000 00 10,100 00
150 shares First NatH Bank, Albany, N. Y., . 15,000 00 15,000 00
50 " Nat'l Bank of Cohoes, N. Y., . . 5,000 00 8,750 00
500 " Western Union Telegraph Co., . 45,000 00 46,500 00
5 " Underwriters' Salvage Corp , N. Y., 500 00 500 00
110 " United Traction Co., . . . 11,000 00 12,320 00
$264,250 00 $273,762 50
152 THE COMMERCIAL UNION FIRE INSURANCE CO.
"THE COMMERCIAL UNION FIRE INSURANCE COMPANY OF
NEW YORK," N. Y.
[Incorporated Oct. 30, 1890. Commenced business April 1, 1891.]
Paid-up Capital, $200,000.
A. H. WRAY, President. C. J. HOLMAN, Vice-President and Secretary.
Home Office, 58 William Street.
Income.
Net fire premiums, $240,968 90
Interest on stocks and bonds, 13,011 67
Total income, $253,980 57
Ledger assets, Dec. 31, 1903, 439,21101
Total $693,191 58
Disbursements.
Net amount paid for fire losses, $126,887 25
Interest and dividends to stockholders, 10,000 00
Commissions or brokerage, 55,044 85
Salaries, fees, etc., of officers and employees, .... 3,709 84
Taxes and fees, 5,562 86
All other disbursements, 5,656 69
Total disbursements, $206,861 49
Balance, $486,330 09
Ledger Assets.
Stocks and bonds (Schedule A), $392,852 50
Cash in banks and office, 31,555 39
Agents 1 balances, 59,640 45
Reinsurance due on losses paid, 2,281 75
Total ledger assets, $486,330 09
Non-Ledger Assets.
Market value of stocks and bonds over book value, . . 3,595 25
Gross assets, $489,925 34
Assets not admitted.
Agents 1 balances over three months due, . . . . 128 93
Total admitted assets, $489,796 41
THE COMMERCIAL UNION FIRE INSURANCE CO,
153
Liabilities.
Unpaid losses, including $4,500 resisted, $28,814; less rein-
surance, $3,464, $25,350 00
Unearned premiums on outstanding risks, $156,869.62 ; plus
same on disallowed reinsurance, $240.43, .... 157,110 05
Commissions and other charges due agents and brokers, . 5,917 34
Due for return premiums, $138.09 ; reinsurance, $6,950.53, . 7,088 62
Reserve for contingencies, 10,000 00
All liabilities, except capital and surplus, . . . $205,466 01
Surplus to policy holders, .... $284,330 40
Paid-up capital, 200,000 00
Surplus over capital and general liabilities, .... 84,330 40
Total liabilities, $489,796 41
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
.$28,616,767 00
. 33,381,393 00
. $61,998,160 00
. 27,727,852 00
. $34,270,308 00
. 8,737,772 00
Premiums.
$329,581 67
387,023 27
$716,604 94
323,240 76
$393,364 18
98,629 75
>5,532,536 00 $294,734 43
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (5 per cent ), .
Company's stock owned by directors,
,294.222 00
690,428 00
135,307 00
89,000 00
10,000 00
6,500 00
Schedule A.
Stocks and Bonds owned by the Company.
United States bonds,
New York City bonds,
New York City bonds,
Atchison, Topeka & Santa Fe R.R. bond
Southern R'y Co. bonds, .
Missouri Pacific R'y Co. bonds,
St Louis Southwestern R'y Co. bonds,
Michigan Lake Superior Power Co. bonds,
Western Union Telegraph Co. bonds,
( hie , Milwaukee & St. Paul R.R. stock,
Southern R'y Co. stock, .
Second Ave. R.R. Co.. N. Y., stock, .
Manhattan Elevated R'y Co. stock, .
00
00
25
00
Hook Value.
$23,241 25
201,920
13,715
10,161
8,650
20,925 00
13,893 75
9,250 00
26,068 75
16,112 50
9,312 50
26,740 00
12,862 50
Market Value.
$26,200 00
196,750 00
13,130 CO
10,100 00
9,660 00
21,700 00
14,775 00
7,000 00
26,156
18,500
9,687
2(1,289
16,500
25
00
:>o
00
00
$392,852 50 $396,447 75
154
THE COMMONWEALTH INSURANCE CO.
"THE COMMONWEALTH INSURANCE COMPANY OF
NEW YORK," NEW YORK, N. Y.
[Incorporated Aug. 23, 1886. Commenced business Sept. 15, 1886.]
Paid-up Capital, $500,000.
CHARLES S. BARTOW, President. JOHN M. DAGGETT, Secretary.
Home Office, 67 William Street.
Income.
Net fire premiums, $363,171 55
Interest on mortgage loans, $8,370.49; stocks and bonds,
$40,283.64,
Profit on sale or maturity of ledger assets,
Total income,
Ledger assets, Dec. 31, 1903, .
Total,
Disbursements
Net amount paid for fire losses,
Interest and dividends to stockholders, .
Cash paid for redemption of scrip, .
Interest paid to scrip holders, .
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents,
Taxes and fees,
All other disbursements, ....
Total disbursements, ....
Balance,
Ledger Assets
Mortgages,
Stocks and bonds (Schedule A).
Cash in banks and office, .
Agents' balances, ....
Office premiums in course of collection,
48,654 13
14,626 50
$426,452 18
1,244,621 35
$1,671,073 53
$193,921 19
40,000 00
7,019 00
1,156 75
57,890 10
33,479 00
4,292 00
11,678 49
12,415 38
£361,88191
§1,309,191 62
$205,000 00
1,005,589 95
56,078 17
12,807 63
29,715 87
Total ledger assets, $1,309,191 62
Non-Ledger Assets.
Interest accrued on mortgages,
All other,
Gross assets,
2,812 92
4 43
Liabilities.
$1,312,008 97
$19,686 10
Unpaid losses,
Unearned premiums on outstanding risks, $232,286.66; plus
same on disallowed reinsurance, $106.32, .... 232,392 98
THE COMMONWEALTH INSURANCE CO.
155
Salaries and other miscellaneous expenses, due or accrued, . $4,700 00
Commissions and other charges due agents and brokers, . 3,669 48
Due for return premiums, 1,331 24
Reserve for contingencies, 89,469 52
All liabilities, except capital and surplus, . . . $351,249 32
Surplus to policy holders, .... $960,759 65
Paid-up capital 500,000 00
Surplus over capital and general liabilities, .... 460,759 65
Total liabilities, $1,312,008 97
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total •
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, ....
Net amount in force, .
$36,892,383 00
44,770,479 00
$81,662,862 00
38,100,762 00
$43,562,100 00
1,085,600 00
Premiums.
$395,122 49
437,690 90
$832,813 39
384,181 46
$448,631 93
6,283 86
$42,476,500 00 $442,348 07
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, ....
$3,961,507 00
2,139,672 00
197,435 00
426,000 00
40,000 00
264,300 00
175 sha
120
200
500
1,000
100
800
100
500
200
70
50
115
100
220
100
100
13
70
50
Schedule A.
Stocks and Bonds owned by the Company.
Book Value. Market Value.
es American Surety Co., . . . $15,750 00 $15,750 00
American Sugar Refining Co., . 12,120 00 12,120 00
American Telegraph & Cable Co., 18,025 00 18,025 00
American Tel. & Telegraph Co., . 68,750 00 68,750 00
Brooklyn City R.R. Co., . . 18,725 00 18,725 00
Chicago, Mil. & St. Paul R'y Co., 15,175 00 15,175 00
Chicago & Northwestern R'y Co., 137,975 00 137,975 00
Ch., St. PI, Minn. & Om. R'y Co., 10,162 60 10,162 50
Consolidated Gas Co., N. Y., . 94,625 00 94,625 00
The Great Northern R'y Co., . 37,925 00 37,925 00
Hocking Valley R'y Co., . . 6,510 00 6,510 00
Kan. C'y, St. L. & Chic. R.R. Co., 6,818 75 6,818 75
The Manhattan Ry Co., . 16,114 38 16,114 38
N. Y. Cent. & Hud. R. R.R. Co., . 14,200 00 14,200 00
N. Y., N. H. & Hartford R.R. Co., 43,780 00 43,780 00
The Pullman Co 15,300 00 15,300 00
Rome, Watert'n & Og. R.R. Co., . 11,087 50 11,087 50
Rank of America 3,401 25 3,401 25
Corn Exchange Bank, . . . 21,000 00 21,000 00
German-American Bank, . . 4,537 50 4,537 50
156 THE CONCORDIA FIRE INSURANCE CO.
17 shares The Manhattan Co., .
50 " Merchants' National Bank,
32 " Nat'l Bank of Commerce,
25 " National Park Bank,
50 " N. Y. Produce Exchange Bank,
United States bonds,
New York City bonds, ....
Missouri, Kansas & Texas R'y Co. bonds,
Brooklyn Union Gas Co. bonds,
Book Value. Market Value.
$1,672 32 $1,672 32
3,625 00 3,625 00
4,107 00 4,107 00
13,250 00 13,250 00
8,896 25 8,896 25
5,240 00 5,240 00
390,000 00 390,000 00
3,037 50 3,037 50
3,780 00 3,780 00
$1,005,589 95 $1,005,589 95
"THE CONCORDIA FIRE INSURANCE COMPANY OF
MILWAUKEE," MILWAUKEE, WIS.
[Incorporated March 7, 1870. Commenced business March 22, 1870.J
Paid-up Capital, $200,000.
GEO. BRUMDER, President. FRANK DAMKOEHLER, Secretary.
Home Office^ Corner West Water and Wells Streets.
Income.
Net fire premiums, $697,710 65
Interest on mortgage loans, $22,837.68; bonds, $15,017.94, . 37,855 62
Rents, 1,455 28
Premiums previously reported uncollectible, .... 43 87
Total income, $737,065 42
Ledger assets, Dec. 31, 1903, 975,676 02
Total, $1,712,741 44
Disbursements.
Net amount paid for fire losses, . . . . . . $322,017 47
Interest and dividends to stockholders, 12,000 00
Commissions or brokerage, 209,294 47
Salaries, fees, etc., of officers and employees, .... 32,260 00
Rents, 2,370 00
Repairs and expenses on real estate, 340 61
Real estate taxes, $220.59 ; other taxes and fees, $30,711.50, 30,932 09
Loss on sale or maturity of ledger assets, .... 1,900 00
Uncollectible premiums, 63 68
All other disbursements, 44,570 38
Total disbursements, $655,748 70
Balance, $1,056,992 74
Ledger Assets.
Real estate, $16,492.04; mortgages, $509,780, . . . $526,272 04
Bonds (Schedule A), 362,298 18
Cash in banks and office, 48,792 68
Agents 1 balances, 119,629 84
Total ledger assets, $1,056,992 74
THE CONCORDIA FIRE INSURANCE CO.
157
Non-Ledger Assets.
Interest accrued : —
On mortgages, $4,472.47 ; bonds, $ 7,321. 01, .
Market value of real estate over book value, .
Reinsurance due on losses paid,
Gross assets,
$11,793 48
507 96
8,042 00
$1,077,336 18
Assets not admitted.
Depreciation in book value of bonds,
Total admitted assets, ....
6,324 26
$1,071,011 92
Liabilities.
Unpaid losses, including $5,300 resisted, $80,223.63 ; less re-
insurance, $22,659.68, . . .'
Unearned premiums on outstanding risks, $609,770.89 ; plus
same on disallowed reinsurance, $1,613. 16, .
Due for reinsurance premiums,
Total
Surplus to policy holders,
Paid-up capital,
Surplus over capital and general liabilities,
$385,681 74
$57,563 95
611,384 05
16,382 18
$685,330 18
200,000 00
185,681 74
Total liabilities, $1,071,011 92
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, ....
Net amount in force, .
$122,428,412 00
. 83,977,298 00
$206,405,710 00
. 76,943,535 00
$129,462,175 00
. 21,569,095 00
Premiums.
$1,412,557 53
1,046,244 64
$2,458,802 17
974,859 10
$1,483,943 07
289,574 72
$107,893,080 00 $1,194,368 35
Miscellaneous.
Premiums received from organization of company, . . $9,869,733 00
Losses paid from organization of company, .... 5,138,432 00
Fire losses incurred during the }'ear, 325,871 00
Cash dividends declared from organization of company, . 351,667 00
Dividends declared during the year (6 per cent.), . . . 12,000 00
Company's stock owned by directors, . . . . . 108,400 00
Schedule A.
Bonds owned by the Company.
Book Value. Market Value.
Cincinnati, Ohio, bonds, $44,000 00 $41,956 00
Washington Co., 111., bonds, .... 10,40000 10,00000
State of Montana Agricultural College bonds, 42,779 50 40,000 00
158
CONNECTICUT FIRE INSURANCE CO.
Fon du Lao, Wis., bonds, .
Sparta, Wis., bonds, .
Whiting, Ind , bonds,
Lawrence County, 111 , bonds,
Spokane, Wash., bonds, .
New York City bonds,
Milwaukee, Wis., bonds, .
Westport, Mo., bonds,
Portland, Ore., bonds,
Juneau County, Wis , bonds,
LaClede Gas Light Co., St. Louis, bonds,
Starke County, Ind., bonds,
Book Value.
Market Value.
$31,125 00
|30,156 00
2,500 00
2,500 00
11,296 40
. 10,553 00
13,651 25
13,095 00
23,147 50
21,730 00
27,375 00
27,127 50
55,636 25
58,008 41
' 13,751 64
13,079 29
48,750 00
50,000 00
11,363 98
12,000 00
10,250 00
10,194 00
16,271 66
15,574 72
$362,298 18
$355,973 92
" CONNECTICUT FIRE INSURANCE COMPANY," HARTFORD,
CONN.
[Incorporated June, 1850. Commenced business July, 1850.]
Paid-up Capital, $1,000,000.
J. D. BROWNE, President. CHARLES R. BURT, Secretary.
Home Office, 51 Prospect Street.
Income.
Net fire premiums, ... $3,037,202 77
Interest on mortgage loans, $61,472.91; stocks and bonds,
$127,904.54; allother, $3,149.22, 192,526 67
Rents, 5,090 06
Total income, $3,234,819 50
Ledger assets, Dec. 31, 1903, 5,077,093 83
Total, ' $8,311,913 33
Disbursements.
Net amount paid for fire losses, $"1,834,134 23
Interest and dividends to stockholders, 120,000 00
Commissions or brokerage, ....... 618,922 37
Salaries, fees, etc., of officers and employees, .... 216,386 78
Rents, . . 10,770 04
Repairs and expenses on real estate, . . . . 3,289 83
Real estate taxes, $3,517.48 ; other taxes and fees, $98,517.96, 102,035 44
Loss on sale or maturity of ledger assets, .... 6,072 23
All other disbursements, 190,914 12
Total disbursements, $3,102,525 04
Balance, $5,209,388 29
Ledger Assets.
Real estate, $204,000 ; mortgages, $1,199,600, . . . .$1,403,600 00
Stocks and bonds (Schedule A), . . * . . . 3,218,507 28
Cash in banks and office, . 305,364 78
Agents' balances, 266,145 56
Bills receivable, 15,770 67
Total ledger assets, $5,209,388 29
CONNECTICUT FIRE INSURANCE CO.
159
Non-Ledger Assets.
Market value of stocks and bonds over book value,
Gross assets,
|135,758 72
i,345,147 01
Assets not admitted.
Agents 1 balances over three months due,
Bills receivable, past due, ....
Special deposits less $92,941 liability thereon,
Total unadmitted assets, .
Total admitted assets, ....
$ 1,994 02
5,236 67
84,899 00
92,129 69
. $5,253,017 32
Liabilities.
Unpaid losses, including $19,303.01 resisted, $279,944.59;
less reinsurance, $23,397,
Unearned premiums on outstanding risks,
$256,547 59
. 2,675,978 59
All liabilities, except capital and surplus, . . . $2,932,526 18
Surplus to policy holders $2,320,491 14
Paid-up capital, 1,000,000 00
Surplus over capital and general liabilities, .... 1,320,491 14
Total liabilities, .
1,253,017 32
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
$411,341,476 00 $5,080,749 12
. 281,462,944 00 3,690,501 80
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
$692,804,420 00 $8,771,250 92
. 250,140,436 00 3,344,187 37
$442,663,984 00 $5,427,063 55
. 23,575,073 00 304,670 18
$419,088,911 00 $5,122,393 37
Miscellaneous.
Premiums received from reorganization of company,
Losses paid from reorganization of company,
Fire losses incurred during the year, ....
Cash dividends declared from reorganization of company,
Dividends declared during the year (12 per cent.),
Company's stock owned by directors, ....
Schedule A.
Stocks and Bonds owned by the Company.
Book Value.
Dominion of Canada bonds,
State of Georgia bonds, .
Territory of Arizona bonds,
Territory of New Mexico bonds,
$40,122,002 00
22,507,025 00
1,856,426 00
3,925,000 00
120,000 00
27,800 00
Market Value.
$102,564 06 $100,000 00
26,625 00 28,250 00
79,525 00 79,500 00
10,550 00 10,550 00
160
CONNECTICUT FIRE INSURANCE CO.
City of Astoria, Ore., bonds,
City of Cleveland, O., School District bonds,
City of Columbus, O., bonds, .
City of Colorado Springs, Col., bonds,
City of Dallas, Tex., bonds,
City of Duluth, Minn., bonds, .
City of Fargo, N. D., bonds,
City of Helena, Mont., bonds, .
City of Kansas City, Mo., bonds,
City of Nashville, Tenn , bonds,
City of New Britain, Conn., bonds, .
City of Newport, R. I., bonds, .
City of New York, N. Y., bonds,
City of Pawtucket, R. I., bonds,
City of Portland, Ore., bonds, .
City of Richmond, Va., bonds, .
City of Salem, Ore., bonds,
City of Salt Lake, Utah, bonds,
City of San Diego, Cal., bonds,
City of Seattle, Wash., bonds, .
Cit}' of Urbana, O., bonds,
Hennepin County, Minn., bonds,
Wayne County, Mich , bonds, .
E. Hartford, Conn., Fire District bonds,
High School District, Stockton, Cal., bonds,
Mankato School District, Minn., bonds, .
School Dis., No. 24, Marion Co., Oregon, bonds
South School District, Hart , Conn., bonds,
Atlantic & Danville R.R. bonds,
Black Rocks & Salisbuiw Beach St. R.R. bonds
Chicago, Burlington & Quincy R.R. bonds,
Chicago & Erie R.R. bonds,
Chicago, Mil. & St. Paul R.R. bonds,
Chicago & Northwestern R.R. bonds,
Chicago, St. Louis & New Orleans R.R. bonds
Chicago, St. Paul & Omaha R.R, bonds, .
Chicago & Western Indiana R.R. bonds, .
Cin., Dayton & Ironton R.R. bonds, .
Cincinnati, Hamilton & Dayton R R. bonds,
Cin., Indianapolis & Western R.R. bonds,
Cleve., Cin , Chicago & St. Louis R.R. bonds,
Cleveland Electric R.R. bonds,
Cleveland & Mahoning Valley R.R. bonds,
Dayton & Michigan R.R. bonds,
Detroit R.R. bonds, .
Illinois Central R.R. bonds,
Iowa Central R.R. bonds,
Lehigh Valley R.R. bonds,
Michigan Central R.R. bonds,
Minneapolis & St. Louis R.R. bonds,
Norfolk & Western It R. bonds,
North Chicago Street It It. bonds, .
Northern Pacific & Gt. Northern R.R. bonds,
N. Y. Central & Hudson River R.R. bonds,
N. Y., Lackawanna & Western R.R bonds,
N. Y., N. H. & Hartford R.R. bonds, .
Pennsylvania & New York Canal R.R. bonds,
Philadelphia, Bait. & Washington R.R. bonds,
Port Reading R.R. bonds, .
Rutland It It. bonds
00
60
50
00
00
00
00
00
50
50
25
Book Value.
$18,115 00
52,750
35,424
25,687
12,360
46,925
6,478 75
21,400 00
53,250 00
50,625 00
25,625 00
44,880 00
51,031 25
30,525
57,625
50,000
12,017
52,212
32,831
25,250 00
15,900 00
56,345 00
25,750 00
41,800 00
33,262 50
15,247
14,121
26,125
23,625
9,500
46,100
60,750
54,375
101,346
24,500 00
46,750 00
38,292 50
14,325 00
51,125
24,750
9,000
51,375
11,000 00
26,437 50
54,862
25,000
28,156
25,312
24,281
47,687
23,098
10;350 00
23,993 75
76,226 25
53,025 00
133,437 50
26,500 00
53,750 00
10,200 00
26,187 50
50
25
00
00
00
00
00
00
25
00
00
00
00
50
00
25
50
25
50
13
Market Value.
$18,080 00
52,000 00
34,680 00
25,687 00
12,600 00
46,100 00
6,480 00
21,400 00
53,250 00
51,500 00
25,000 00
44,880 00
51,250 00
31,800 00
58,000 00
54,000 00
11,770 00
53,500 00
32,100 00
26,750 00
15,000 00
57,000 00
25,500 00
41,200 00
32,100 00
15,000 00
13,910 00
24,750 00
24,000 00
10,200 00
48,000 00
60,750 00
55,500 00
102,910 00
23,750 00
47,000 00
36,960 00
17,250 00
57,500 00
24,750 00
10,000 00
51,000 00
11,800 00
26,500 00
55,000 00
23,750 00
28,750 00
27,500 00
24,250 00
48,000 00
25,000 00
10,000 00
25,000 00
74,750 00
51,500 00
129,750 00
27,500 00
53,750 00
11,000 00
25,750 00
CONTINENTAL INSURANCE CO.
161
Rutland Canadian R.R. bonds, .
Southern Pacific R.R. bonds, .
St. Louis & San Francisco R.R. bonds, .
St. Louis Southern R.R. bonds,
Toledo & Ohio Central R.R. bonds, .
Utica, Clinton & Binghamton R.R. bonds,
West Chicago Street R.R. bonds,
West Chicago St R.R. Tunnel Co. bonds,
Chicago Edison Co. bonds,
New York Dock Co bonds,
Peopled Gas Light & Coke Co., Chicago, b'ds
Swift Company, Chicago, bonds,
Northwestern Telegraph Co. bonds,
Western Union Telegraph Co. bonds,
Traders 1 Safe & Trust Co., Chicago, bonds,
150 shares Bald Eagle Valley R.R. Co.,
173
200
600
300
200
600
412
167
100
100
93
125
185
300
412
150
45
Chicago & Northwestern R.R. Co.
N. Y. Cent. & Hud. River R.R. Co.
N. Y., N. H. & Hartford R.R. Co.,
Pitts , Ft. Wayne & Chic. R.R. Co.
Empire & Bay Sts. Telegraph Co
Northwestern Telegraph Co.,
New York Dock Co.,
First National Bank, Minn., .
Imp. & Traders' Nat'l Bank, N. Y
iEtna National Bank, Hart, .
Charter Oak National Bank, Hart.
Far. & Mech. Nat'l Bank, Hart.,
First National Bank, Hartford,
Hartford National Bank, Hart.,
National Exchange Bank, Hart.,
Phoenix National Bank, Hartford,
Conn. Trust & Safe Dep. Co., Hart.
Book Value.
Market Value.
$25,000 00
$24,000 00
41,616 25
42,800 00
24,837 50
25,000 00
26,250 00
25,750 00
15,375 00
16,650 00
12,400 00
11,800 00
10,050 00
10,000 00
10,175 00
9,000 00
26,625 00
26,250 00
38,540 00
38,130 00
26,125 00
26,250 00
25,500 00
25,250 00
25,562 50
25,750 00
52,937 50
52,000 00
10,000 00
10,000 00
15,000 00
15,000 00
16,470 00
35,465 00
24,154 25
29,000 00
100,498 77
118,200 00
28,700 00
54,900 00
14,800 00
16,000 00
27,600 00
37,500 00
17,716 00
20,600 00
19,054 00
30,060 00
16,800 00
60,000 00
12,500 00
20,000 00
12,026 00
11,160 00
26,442 50
14,750 00
26,655 72
25,900 00
45,645 75
40,500 00
28,106 00
25,544 00
22,246 50
18,000 00
4,950 00
10,350 00
1,218,507 28 $3,354,256 00
" CONTINENTAL INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated November, 1852. Commenced business January, 1853.]
Paid-up Capital, $1,000,000.
HENRY EVANS, President. ^ ^ BALLARD i Secretaries -
Income.
Net fire premiums, $5,920,807 28
Interest on mortgage loans, $1,676.83; stocks and bonds,
$490,183.84; all other, $24,044.65, 515,905 32
Rents, 71,021 19
Total income, $6,507,733 79
Ledger assets, Dec. 31, 1903, 14,557,978 80
Total, $21,065,712 59
Disbursements.
Net amount paid for fire losses,
Interest and dividends to stockholders,
Commissions or brokerage,
$3,678,368 70
360,075 00
1,296,760 36
162
CONTINENTAL INSURANCE CO.
Salaries, fees, etc., of officers and employees, .
Rents,
Repairs and expenses on real estate,
Real estate taxes, $16,400.52; other taxes and fees, $146,
233.45,
Loss on sale or maturity of ledger assets,
Cash paid for redemption of scrip, .
Interest paid to scrip holders, .
All other disbursements, ....
Total disbursements, ....
Balance,
$450,604 20
12,700 80
29,891 08
162,633 97
498,142 02
22 00
1 32
327,534 85
. $6,816,734 30
$14,248,978 29
Ledger Assets.*
Real estate, $1,113,000; mortgages, $28,900, .
Stocks and bonds (Schedule A),
Cash in banks and office,
Agents 1 balances, . .
Bills receivable, not matured, ....
Total ledger assets,
$1,141,900 00
11,623,500 00
764,442 67
708,970 54
10,165 08
$14,248,978 29
Non-Ledger Assets.
Interest accrued : —
On mortgages, $726. 15 ; stocks and bonds, $93,769.50,
Rents accrued on company's property, .
Market value of stocks and bonds over book value,
Gross assets,f
$94,495 65
709 87
51,365 00
$14,395,548 81
Assets not admitted.
Agents 1 balances over three months due, . $6,343 88
Special deposits less $89,186.94 liab. thereon, 30,813 06
Total unadmitted assets, ....
Total admitted assets,
37,156 94
$14,358,391 87
Liabilities.
Unpaid losses, including $51,284 resisted, $498,549.66; less
reinsurance, $88,004.61,
Unearned premiums on Outstanding risks, $5,903,813.33;
plus same on disallowed reinsurance, $1,099.18,
Due for reinsurance premiums, ......
Reserve for contingencies, .......
All liabilities, except capital and surplus,
Surplus to policy holders, .... $7,724,749 29
Paid-up capital, . . . . . . . , .
Surplus over capital and general liabilities, ....
Total liabilities,
$410,545 05
5,904,912 51
18,185 02
300,000 00
^6,633,642 58
1,000,000 00
. 6,724,749 29
$14,358,391 87
* The company holds also instalment premium notes to the amount of $1,777,463, which
do not enter Into or form any part of the assets of the company, as no portion of them is
earned. Whatever value is attached to them would necessarily be counterbalanced by the
addition of an amount exactly equal to the insurance liability, the entire sum consisting of
"unearned premiums."
t Including $600,000 special reserve held under New York laws.
CONTINENTAL INSURANCE CO.
163
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, ....
Net amount in force, .
$1,061,224,052 00
773,650,383 00
$1,834,874,435 00
736,810,743 00
11,098,063,692 00
36,229,358 00
Premiums.
11,171,307 46
6,978,680 72
18,149,988 18
6,523,242 49
111,626,745 69
356,912 77
$1,061,834,334 00 $11,269,832 92
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (36 per cent.),
Company's stock owned by directors, ....
$102,894,443 00
56,025,728 00
3,624,021 00
7,804,357 00
360,000 00
156,900 00
Schedule A.
Stocks and Bonds owned by the Company.
250 shares
50
u
1,500
it
350
it
200
it
1,500
tt
1,000
it
2,200
ti
17,000
tt
630
tt
1,000
it
800
it
3,000
tt
4,505
ii
1,000
it
1,000
ii
2,200
ii
1,000
it
2,300
ii
. 500
ii
1,000
tt
5,021
II
1,400
II
10,000
It
500
it
1,200
11
4,200
tt
500
tt
2,000
it
2,000
tt
2,000
tt
5,800
tt
Amer. Ex. National Bank, .
Bank of America,
Mechanics 1 National Bank,
Merchants 1 National Bank,
Central Trust Co.,
American Tel. & Tel. Co., .
Atlanta & Chad. Air Line R.R ,
Baltimore & Ohio R.R. Co.,
Brooklyn City R.R. Co., .
Buff., Roch. & Pitts. R'y Co.,
Chic. & East 111. R.R. Co., .
Chicago Gt. Western R^ Co.,
Chic, Mil. & St. Paul R'y, .
Chicago & Northwests R'y,
Ch., St. P., Minn. & Om. R'y Co
CI., Cin, Chic. & St. L. R'y Co.,
Consolidated Gas Co., N. Y.,
Delaware & Hudson Co., .
Lake Shore & Mich. So. R'y Co
Mahoning Coal R.R. Co., .
N. Y., Chic. & St. Louis R'y Co
N. Y. & Harlem R.R. Co, .
N. Y., N. H. & Har. R.R. Co.,
Pennsylvania R.R. Co.,
Pitts., Ft. Wayne & Ch. R'y Co,
Pitts., Cin., Ch. & St. Lo. R'y Co
Pitts., McK. & Yough. R.R. Co
Second Avenue R.R. Co, .
Southern R'y Co,
United N. J. R.R. & Canal Co,
United States Express Co,
Northern Securities Co,
Book Value.
$50,000 00
20,000 00
71,700 00
26,250 00
300,000 00
193,955 00
140,000 00
190,446 00
382,500 00
78,000 00
120,000 00
68,000 00
525,000 00
855,825 00
175,000 00
105,000 00
422,400 00
155,000 00
575,362 00
50,000 00
82,500 00
953,990 00
266,481 00
595,000 00
87,500 00
115,343 00
252,000 00
100,000 00
150,000 00
500,000 00
224,812 00
522,000 00
Market Value.
$52,500 00
20,000 00
93,750 00
26,250 00
350,000 00
202,500 00
140,000 00
193,000 00
382,500 00
81,250 00
120,000 00
64,000 00
525,000 00
875,875 00
175,000 00
100,000 00
396,000 00
160,000 00
575,000 00
50,000 00
80,000 00
953,990 00
245,000 00
575,000 00
87,500 00
120,000 00
252,000 00
100,000 00
160,000 00
500,000 00
200,000 00
580,000 00
164
THE DELAWARE INSURANCE CO.
1,000 shares Del., Lack. & Western R.R. Co.,
312 " Bank of New York, .
500 " Manhattan R'y Co.,
2,500 " Missouri Pacific R'y Co.,
1,000 " Hocking Valley R'y Co ,
200 " Atlantic Coast Line Co. of Conn.,
500 " Atlantic Coast Line Co. of Va.,
700 " Wells, Fargo & Co, .
400 " Reading Co, ....
1,000 " Illinois Central R.R. Co, .
Chicago & Alton R'y Co. bonds,
Chicago & Northwestern Sinking Fund bonds
Columbia & Greenville R.R. bonds,
Elmira, Cortland & Northern bonds,
Louisville & Nashville bonds, .
Metropolitan Street R'y Co. bonds, .
N. Y. Gas, El. Lt, Ht. & Power Co. bonds,
Portland, Ore, water bonds,
Richmond, Va , bonds,
New Mexico bonds, .
Georgia bonds, .
New York City bonds,
Chic, Rock Island & Pacific R.R. Co. bonds,
Wabash R.R. Co. bonds, ....
Northern Pac. & Gt. Nor. C, B. & Q. bonds,
Milwaukee Gas Light Co. bonds,
Western Maryland R.R. Co bonds, .
Atlantic Coast Line R R. Co, L. & N. bonds,
St. Louis, Iron Mt. & So. R'y Co. bonds, .
Massachusetts bonds, ....
Consolidated Gas Co. bonds,
Book Value.
Market Value.
. $125,000 00
$125,000 00
78,000 00
78,000 00
70,000 00
70,000 00
261,479 00
250,000 00
80,168 00
80,000 00
49,308 00
50,000 00
69,217 00
70,000 00
164,286 00
140,000 00
17,508 00
17,000 00
150,183 00
145,000 00
14,800 00
15,000 00
41,000 00
41,000 00
50,000 00
50,000 00
50,000 00
50,000 00
50,000 00
50,000 00
100,000 00
100,000 00
90,0C0 00
90,000 00
50,000 00
50,000 00
50,000 00
50,000 00
10,000 00
10,000 00
25,000 00
25,000 00
600,000 00
600,000 00
68,000 00
68,000 00
157,500 00
137,500 00
236,612 00
237,500 00
89,000 00
89,000 00
85,000 00
80,000 CO
47,375 00
45,000 00
135,000 00
135,0C0 00
200,000 00
200,000 00
55,000 00
90,750 00
$11,623,500 00 $11,674,865 00
"THE DELAWARE INSURANCE COMPANY OF PHILADELPHIA,"
PHILADELPHIA, PA.
[Incorporated April 10, 1835. Commenced business Aug. 6, 1835.]
Paid-up Capital, $702,875.
TATTNALL PAULDING, President. HENRY LYLBURN, Secretary.
Income.
Net fire premiums, $825,796 73
Deposit premiums on perpetual risks, 8,290 19
Interest on mortgage loans, $7,213.61 ; collaterals, $1,800.55 ;
stocks and bonds, $41,883.30 all other, $3,087.18, . . 53,984 64
Rents, including company's own occupancy, .... 11,046 87
Profit on sale or maturity of ledger assets, .... 3,717 45
From all other sources, 1,146 77
Total income, $903,982 65
Ledger assets, Dec. 31, 1903, 1,740,658 15
Total, .
$2,644,640 80
THE DELAWARE INSURANCE CO.
165
Disbursements.
Net amount paid for fire losses,
Deposit premiums returned,
Interest and dividends to stockholders, ....
Commissions or brokerage,
Salaries, fees, etc., of officers and employees, .
Rents, including company's own occupancy, .
Repairs and expenses on real estate, ....
Real estate taxes, $2,029 ; other taxes and fees, $22,894.61,
All other disbursements,
Total disbursements,
Balance,
$589,484 44
7,427 18
14,057 50
204,713 20
62,909 31
8,319 63
4,684 82
24,923 61
49,165 73
5,685 42
$1,678,955 38
Ledger Assets
Real estate, $200,000; mortgages, f 184,700,
Stocks and bonds (Schedule A),
Cash in banks and office, ....
Agents' balances,
All other ledger assets, ....
Total ledger assets, ....
$384,700 00
1,041,629 43
87,910 59
159,722 84
4,992 52
$1,678,955 38
Non-Ledger Assets.
Interest accrued : —
On mortgages, $2,909.01 ; stocks and bonds, $14,347.83,
Rents accrued on company's propert} 7 , ....
Market value of stocks and bonds over book value,
Perpetual premiums in course of collection, .
Gross assets,
17,256 84
870 00
18,717 74
315 00
,716,114 96
Assets not admitted.
Special deposits,
Total admitted assets,
10,525 00
$1,705,589 96
Liabilities.
Unpaid losses, including $6,480 resisted, $92,785 ; less rein-
surance, $19,690, $73,095 00
Unearned premiums on outstanding risks, .... 698,548 99
Reclaimable on perpetual fire policies, 117,172 40
Dividends due stockholders, 77 00
All liabilities, except capital and surplus, . . . $888,893 39
Surplus to policy holders, .... $816,696 57
Paid-up capital, 702,875 00
Surplus over capital and general liabilities, .... 113,82157
Total liabilities, $1,705,589 96
166
THE DELAWARE INSURANCE CO.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
$134,800,732 00 $1,549,189 55
. 93,904,711 00 1,203,759 83
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
$228,705,443 00 $2,752,949 38
. 90,985,699 00 1,141,733 57
$137,719,744 00 $1,611,215 81
. 24,420,700 00 277,748 95
$113,299,044 00 $1,333,466 86
Perpetual risks in force (not included above), $4,485,932 00 $129,537 10
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (2 per cent.), .
Company's stock owned by directors, ....
$37,081,161
22,038,026
592,861
2,803,194
14,058
00
00
00
00
00
136,575 00
Schedule A.
Stocks and Bonds owned by the Company.
State of Georgia bonds, .
City of Camden, N. J., bonds, .
City of Richmond, Va., bonds, .
Lehigh Valley R'y Co. bonds, .
Allentown Terminal R'y Co. bonds,
Pennsylvania & N. Y. Canal & R.R. Co. bonds
Delano Land Co. bonds, ....
Mortgage Trust Co. of Pennsylvania bonds,
Wilmington & Northern R.R. Co. bonds,
St. Louis Merchants' Bridge Term. Co. bonds
Phila , Wilm. & Baltimore R.R. Co. bonds,
People's Passenger R'y Co. bonds, .
United Traction Co. of Pittsburg bonds, .
Allegheny Valley R.R. Co. bonds, .
Westinghouse Electric & Manuf. Co. bonds,
Connecticut R'y & Lighting Co. bonds, .
Reading R.R Co , Jersey Central, bonds,
N. Y. Dock Co. bonds, ....
Philadelphia Co. bonds, ....
American Railways bonds,
Electric & People's Trust bonds,
United Railways, San Francisco, bonds, .
City of Duquesne, Pa., bonds, .
Camden & Suburban R'y Co. bonds,
Roanoke R'y & Electric Co. bonds, .
Borough of South Bethlehem, Pa , bonds,
Suburban Gas Co., Phila., bonds,
Lynchburg Traction & Light Co. bonds, .
Philadelphia Electric Co. bonds,
Mt Washington Street R'y Co. bonds,
Book Value.
$9,925 00
30,630 00
35,855 00
126,734 10
50,350 00
50,340 00
30,468 75
15,000 00
25,937 50
25,374 92
29,400 00
29,356 81
19,900 00
51,425 00
20,362 50
24,937 50
38,033 33
11,000 00
31,619
25,149
24,812
20,281
28,993
20,488
20,050
25,778
15,367
10,025
49,922 50
15,221 18
77
98
50
25
60
10
00
70
34
00
Market Value.
$10,525 00
30,300 00
39,220 00
133,062 50
49,000 00
50,000 00
31,350 00
14,150 00
26,791 67
27,687 50
30,300 00
31,100 00
22,700 00
50,833 33
20,100 00
24,187 50
39,200 00
10,266 67
30,350 00
25,395 84
25,000 00
21,625 00
26,650 00
21,300 00
19,583 34
26,000 00
15,087 50
10,116 66
50,875 00
15,412 50
THE DETROIT FIRE AND MARINE INSURANCE CO.
167
Altoona & Logan Valley R'y Co. bonds,
United Railway Trust bonds, .
Pocahontas Coal & Coke Co. bonds,
Norfolk & Western R R. bonds,
Lehigh Valley R'y Co. bonds, .
Boston & Worcester St. R'y bonds,
Pennsylvania R R. Co. stock, .
New York Dock Co. stock,
Philadelphia Bourse stock,
Underwriters' Salvage Co. stock,
Book Value.
$9,400 00
12,412 50
14,137 50
19,540 00
9,800 00
23,224 10
27,500 00
11,000 00
1,375 00
500 00
Market Value.
$9,631 75
12,150 00
14,200 00
19,300 00
9,766 66
23,028 75
37,950 00
5,500 00
150 00
500 00
.,041,629 43 $1,060,347 17
"THE DETROIT FIRE AND MARINE INSURANCE COMPANY,"
DETROIT, MICH.
[Incorporated Feb. 1, 1866. Commenced business March 14, 1866.]
Paid-up Capital, $500,000.
WILLIAM A. MOORE, President. A. H. McDONELL, Secretary.
Home Office, 91 Griswold Street.
Income.
Net fire premiums, $340,398.39; marine, $65,431.07, . . $405,829 46
Interest on mortgage loans, $37,662 .41 ; collaterals, $2,539 . 83 ;
bonds, $14,168.47; all other, $13,293.46, .... 67,66417
Rents 4,877 00
Profit on sale or maturity of ledger assets, .... 434 93
Total income, $478,805 56
Ledger assets, Dec. 31, 1903, 1,541,545 54
Total, $2,020,351 10
Disbursements.
Net amount paid for fire losses, $210,719.51; marine, $54,-
030.35, $264,749 86
Interest and dividends to stockholders, 50,000 00
Commissions or brokerage, . 68,103 28
Salaries, fees, etc., of officers and employees, .... 28,616 78
Rents, 3,000 00
Repairs and expenses on real estate, 1,961 16
Real estate taxes, $1,172.01; other taxes and fees, $17,666.94, 18,838 95
Loss on sale or maturity of ledger assets, .... 3,664 28
All other disbursements, 21,396 60
Total disbursements, $460,330 91
Balance, $1,560,020 19
Ledger Assets.
Real estate, $268,390.80; mortgages, $718,910.25, . . . $987,300 55
Loans secured by collateral (Schedule A), . . . 31,000 00
Bonds (Schedule B), 395,323 10
Cash in banks and office, 88,747 64
168
THE DETROIT FIRE AND MARINE INSURANCE CO.
Agents 1 balances,
Bills receivable,
Advances on losses, .
Total ledger assets,
$54,245 00
983 75
2,420 15
. $1,560,020 19
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, 1 14,870. 89 ; bonds, $5,478. 21 ; collateral loans,
$137.33; other assets, $2,762.98, 23,249 41
Gross assets $1,583,269 60
Assets not admitted.
Agents 1 balances over three months due,
Bills receivable, past due,
Total unadmitted assets, .
1,563 68
647 79
4,211 47
Total admitted assets,
Liabilities.
Unpaid losses, including $9,793.37 resisted, $73,802.78 ; less
reinsurance, $10,487.37,
Unearned premiums on outstanding risks, $294,347.50 ; plus
same on disallowed reinsurance. $6,753.05,.
All liabilities, except capital and surplus,
Surplus to policy holders, .... $1,214,64217
Paid-up capital,
Surplus over capital and general liabilities, ....
1,579,058 13
$63,315 41
301,100 55
$364,415 96
500,000 00
714,642 17
Total liabilities, $1,579,058 13
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
Marine risks outstanding Dec. 31, 1903,
Marine risks written during 1904, .
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
Premiums.
$48,286,422 00 $559,732 45
36,320,024 00 435,778 70
$84,606,446 00 $995,511 15
34,345,436 00 420,884 93
$50,261,010 00 $574,626 22
3,718,246 00 42,828 70
$46,542,764 00 $531,797 52
$2,460,607 00 $64,082 17
9,009,614 00 79,907 42
111,470,221 00 $143,989 59
10,536,709 00 101,727 25
$933,512 00 $42,262 34
67,000 00 1,760 45
$866,512 00 $40,501 89
DUTCHESS INSURANCE CO.
169
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Inland marine losses incurred during the year,
Cash dividends declared from organization of company,
Stock dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
. $9,144,740 00
. 4,685,340 00
213,851
00
38,799
00
. 1,228,500
00
350,000
00
50,000
00
105,100 00
Schedule A.
Securities held as Collateral.
Market Value. Loaned Thereon.
20 shares National Lead Co., .
50 " Wayne Co. Sav. Bank, Detroit,
Del ray, Mich., school bonds,
Ecorce, Mich , school bonds, .
32 shares First Nat'l Exchange Bank, .
20 " Com Sav. Bank, St. Clair,
200 " Ft. Huron En£. & Thresher Co.
$1,800 00
15,000 00
5,500 00
11,000 00
4,000 00"
2,500 00
1,500 00
$1,000 00
10,000 00
5,000 00
10,000 00
5,000 00
Schedule B.
Bonds oivned by the Company,
$41,300 00 $31,000 00
United States bonds, .
American Steamship Co. bonds,
Yosemite Steamship Co. bonds,
School Dist. No. 3, Springvvell, Micl
Detroit city bonds, .
Adams Transportation Co. bonds,
Stewart Transportation Co. bonds,
Monroe Transportation Co. bonds,
Detroit Museum of Art bonds, .
Lakewood Steamship Co. bonds,
bonds,
Book Value and
Market Value.
$52,250 00
7,000 00
10,000 00
6,000 00
273,435 90
10,000 00
10,000 00
10,000 00
9,637 20
7,000 00
$395,323 10
"DUTCHESS INSURANCE COMPANY," POUGHKEEPSIE, N. Y.
[Incorporated April 12, 1S36. Commenced business April 12, 1836.]
Paid-up Capital, $200,000.
L. H. VAIL, President. J. J. GRAHAM, Secretary.
Home Office, 39 Market Street.
Income.
Net fire premiums, .
Interest on mortgage loans, $898.66; collaterals, $720.45;
stocks and bonds, $22,964.89; all other, $7.38, .
Rents, including company's own occupancy, ....
,820 70
24,591 38
1,748 00
170 DUTCHESS INSURANCE CO.
Profit on sale or maturity of ledger assets, .... $18,108 25
From all other sources, 04
Total income, $651,268 37
Ledger assets, Dec. 31, 1903, 776,044 66
Total $1,427,313 03
Disbursements.
Net amount paid for fire losses, $386,859 45
Interest and dividends to stockholders, 12,000 00
Commissions or brokerage, 162,165 93
Salaries, fees, etc., of officers and employees, .... 22,143 98
Rents, including company's own occupancy, .... 1,200 00
Repairs and expenses on real estate, 18 50
Real estate taxes, $183 . 49 ; other taxes and fees, $12,067 . 15, . 12,250 64
All other disbursements, 17,241 03
Total disbursements, $613,879 53
Balance, $813,433 50
Ledger Assets.
Real estate, $26,473.90; mortgages, $15,300, . . . . $41,773 90
Stocks and bonds (Schedule A), 605,608 48
Cash in banks and office, 118,100 33
Agents 1 balances, 47,950 79
Total ledger assets, $813,433 50
Non-Ledger Assets.
Interest accrued : —
On mortgages, $222.28; stocks and bonds, $1,808, . . 2,030 28
Rents due on company's property, . . . . . . 532 00
Market value of real estate over book value, .... 1,026 10
Market value of stocks and bonds over book value, . . 11,328 52
Gross assets, $828,350 40
Assets not admitted.
Agents 1 balances over three months due, .... 637 44
Total admitted assets, $827,712 96
Liabilities.
Unpaid losses, $56,650.53; less reinsurance, $4,763.55, . . $51,886 98
Unearned premiums on outstanding risks, $462,947.64; plus
same on disallowed reinsurance, $259.88, . . . • 463,207 52
Due for reinsurance premiums, 2,752 87
All liabilities, excejtt capital and surplus, . . . $517,847 37
Surplus to policy holders, .... $309,865 59
Paid-up capital, 200,000 00
Surplus over capital and general liabilities, .... 109,865 59
Total liabilities, $827,712 96
DUTCHESS INSURANCE CO.
171
Fire risks outstanding Dec. 31, 1903
Fire risks written during 1904,
Risks and Premiums.
Premiums,
.$71,486,482 00 |853,979 77
. 58,583,787 00 776,118 89
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
$ 130,070,269 00 $1,630,098 66
. 52,249,779 00 671,760 60
. $77,820,490 00 $958,338 06
. 4,976,186 00 69,284 84
.$72,844,304 00 $889,053 22
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent ), .
Company's stock owned by directors, ....
$7,139,403 00
4,546,590 00
389,094 00
48,000 00
12,000 00
76,000 00
Schedule A.
Stocks and Bonds owned by the Company.
Buffalo city bonds, ....
Long Island city bonds, .
New York City bonds,
Poughkeepsie city bonds, .
Iowa Central R'y Co. bonds, .
Kanawha & Michigan R'y Co. bonds,
Lake Erie & Western R.R. Co. bonds,
Leavenworth & Term. R'y & Bridge Co bonds
Northern Pacific-Great Northern joint bonds,
St. Louis, Iron Alt. & South. R'y Co. bonds,
Southern Pacific Co. bonds,
Tennessee Coal, Iron & R.R. Co. bonds, .
Brooklyn Union Gas Co bonds,
Chicago Gas Light & Coke Co. bonds,
Poughkeepsie Elec. Light & Power Co. bonds
United Traction & Electric Co. bonds,
100 shares CI., Cin., Chic. & St. Lo. R'y Co.,
300 " N. Y. Cent. & Hudson R. R.R. Co
100 " Northern Securities Co., .
100 " Southern R'y Co., .
5 " Fallkill Nat'l Bank, Poughkeepsie
60 " Far. and Manuf. N'l B'k, Poughk.,
10 " Merch. Nat'l Bank, Poughkeepsie,
100 " American Telegraph & Cable Co.,
400 " Consolidated Gas Co., N. Y., .
300 " Metropolitan St. R'y Co., N. Y.,
100 " American Express Co., .
Atchison, Topeka & Santa Fe R.R. Co. bonds
Chesapeake & Ohio R.R. Co. bonds,
Chic, Rock Island & Pacific R.R. Co. bonds,
St. Lo , Memphis & Southeastern R.R. bonds.
St. Louis & San Francisco R.R. Co. bonds,
Book Value.
$21,375 00
5,700 00
110,822 48
59,168 50
11,450 00
4,500 00
11,562
5,250
9,605
11,012
8,300
5,000
5,712 50
10,900 00
10,500 00
5,850 00
9,787
39,037
8,612
9,162
.650
9,600
1,450
9,000
76,325
39,750
17,812
9,412 50
5,181 25
17,662 50
9,750 00
18,025 00
50
00
00
50
00
00
50
50
50
50
00
00
00
00
00
00
50
Market Value.
$20,300 00
5,500 00
105,937 00
59,175 00
11,400 00
4,825
11,275
5,200
10,100
11,700
9,500
4,812
5,825
11,100
10,500
5,350
9,175
42,900
13,300
9,700
800
12,000 00
1,600 00
9,500
78,800
36,150
21,300
9,475
5,425
17,950
10,000
18,150
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
172
EASTERN FIRE INSURANCE CO.
Lehigh & Wilkesbarre Coal Co. bonds, .
Western Union Tel. Co. bonds,
Westinghouse Electric & Manuf. Co. bonds,
100 shares Erie R.R., ....
Book Value.
$5,106 25
5,181 25
10,031 25
7,362 50
Market Value.
$5,087 50
5,225 00
10,100 00
7,800 00
$605,608 48 $616,937 00
"EASTERN FIRE INSURANCE COMPANY," ATLANTIC CITY,
N. J.
[Incorporated Oct. 4, 1902. Commenced business Oct. 21, 1902.]
Paid-up Capital, $200,000.
ARVINE II. PHILLIPS, President. HERMAN M. SYPHERD, Secretary.
Home Office, Corner Atlantic and North Carolina avenues.
Income.
Net fire premiums,
Interest on mortgage loans, $9,366.21 ; collaterals, $307.50;
bonds, $3,226.95 ; all other, $3,635.59,
From all other sources, ....
Total income,
Ledger assets, Dec. 31, 1903, .
Total,
Disbursements
Net amount paid for fire losses,
Interest and dividends to stockholders, .
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents,
Taxes and fees,
All other disbursements, ....
Total disbursements,
Balance,
Ledger Assets
Mortgages,
Loans secured by collateral (Schedule A),
Bonds (Schedule B), . '.
Cash in banks and office, ....
Agents' balances,
Total ledger assets,
Non Ledger Assets.
Interest due and accrued : —
On mortgages, $2,521.91 ; bonds, $1,327.08, .
Gross assets,
$123,947 34
16,536 25
2 72
$140,486 31
367,364 47
$507,850 78
$33,389 55
24,000 00
34,820 44
4,395 00
300 00
1,350 93
2,510 48
$100,766 40
$407,084 38
$194,550 00
20,500 00
102,750 00
61,380 22
27,904 16
$407,084 38
3,851 99
$410,936 37
EASTERN FIRE INSURANCE CO.
173
Assets not admitted.
Agents' balances over three months due,
Depreciation in book value of bonds,
Total unadmitted assets, .
Total admitted assets,
$158 48
790 00
$948 48
|409,987 89
Liabilities.
Unpaid losses, including $2,9C0 resisted, f 18,859.22 ; less rein-
surance, $18.75,
Unearned premiums on outstanding risks, f 65,452. 17 ; plus
same on disallowed reinsurance, $384.67, .
Miscellaneous expenses, due or accrued,
Commissions and other charges due agents and brokers,
Due for reinsurance premiums,
Contingent commissions,
All liabilities, except capital and surplus,
Surplus to policy holders, .
Paid-up capital,
Surplus over capital and general liabilities, .
$312,867 00
$18,840 47
65,836 84
498 59
8,004 17
540 82
3,400 00
$97,120 89
200,000 00
112,867 00
Total liabilities, $409,987 89
Risks and Premiums.
Fire risks outstand'g Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
$3,062,671 00
11,194,907 00
$14,257,578 00
5,771,331 00
$8,486,247 00
339,218 00
Premiums.
$55,591 33
159,535 78
$215,127 11
88,346 71
$126,780 40
4,380 74
$8,147,029 00 $122,399 66
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent.), .
Company's stock owned by directors, ....
$234,002 00
38,169 00
51,179 00
24,000 00
24,000 00
1,800 00
Schedule A.
Securities held as Collateral.
50 shares Marine Trust Co., .
200 " W. Jersey Title & Guaranty Co ,
13 " Second National Bank, .
27 " Atlantic Safe Dep. & Trust Co.,
Market Value
$7,500 00
21,000 00
3,575 00
7,020 00
Loaned Thereon.
$5,000 00
10,000 00
5,500 00
$39,095 00 $20,500 00
174 EMPIRE CITY FIRE INSURANCE CO.
Schedule B.
Bonds owned by the Company.
Book Value. Market Value.
Atlantic City, N. J., bonds $62,750 00 $61,047 00
Hudson County, N. J., bonds, .... 10,000 00 10,388 16
Essex County, N. J., bonds, .... 10,000 00 10,625 00
Altoona & Logan Valley Elec. R'y Co. bonds, 10,000 00 9,600 00
Toledo R'y & Terminal Co. bonds, . . . 10,000 00 10,300 00
$102,750 00 $101,960 16
"EMPIRE CITY; FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated October, 1850. Commenced business Oct. 5, 1850.]
Paid-up Capital, $200,000.
LINDLEY MURRAY, Jr., President. DAVID J. BURTIS, Secretary.
Home Office, 61 William Street.
Income.
Net fire premiums, f 225,114 75
Interest on mortgage loans, $275 ; stocks and bonds, $8,-
762.67; all other, $ 143. 82, 9,18149
Total income, $234,296 24
Ledger assets, Dec. 31, 1903, 294,937 56
Total, $529,233 80
Disbursements.
Net amount paid for fire losses, $91,569 25
Interest and dividends to stockholders, 6,000 00
Commissions or brokerage, 55,223 01
Salaries, fees, etc., of officers and employees, .... 10,154 18
Rents, 3,500 00
Taxes and fees, * . . 1,019 06
Loss on sale or maturity of ledger assets, .... 600 00
All other disbursements, 3,340 70
Total disbursements, . . . . . . $171,406 20
Balance, $357,827 60
Ledger Assets.
Mortgages, $5,500 00
Stocks and bonds (Schedule A), 250,023 75
Cash in banks and office, 50,256 59
Agents' balances, 52,047 26
Total ledger assets, $357,827 60
EMPIRE CITY FIRE INSURANCE CO.
175
Non-Ledger Assets.
Market value of stocks and bonds over book value,
Reinsurance due on losses paid, ....
Gross assets,
$3,051 25
1,572 84
$362,451 69
Assets not admitted.
Reinsurance due on losses paid,
Total admitted assets, .
1,572 84
$360,878 85
Liabilities.
Unpaid losses,
Unearned premiums on outstanding risks, $107,247.76 ; plus
same on disallowed reinsurance, $180.51, . . . .
All liabilities, except capital and surplus,
Surplus to policy holders, . . . .
Paid-up capital,
Surplus over capital and general liabilities, .
$239,195 58
$14,255 00
107,428 27
$121,683 27
200,000 00
39,195 58
Total liabilities, $360,878 85
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, .
.$11,406,121 00
. 21,240,027 00
$32,646,148 00
14,376,111 00
$18,270,037 00
957,419 00
Premiums.
$130,542 86
249,201 01
$379,743 87
152,000 00
$227,743 87
13,696 67
Net amount in force, .
.$17,312,618 00 $214,047 20
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (3 per cent.), .
Company's stock owned by directors
$4,600,625 00
2,152,316 00
88,343 00
939,000 00
6,000 00
88,800 00
Schedule A.
Stocks and Bonds owned by the Company.
Book Value.
New York City bonds, $230,506 25
Lake Shore & Mich. Southern R'y bonds, . 10,280 00
American Exchange National Bank stock, . 8,737 50
Underwriters' Salvage Co, stock, . . . 500 00
Market Value.
$229,075 00
10,000 00
13,500 00
500 00
$250,023 75 $253,075 00
176 ENTERPRISE MUTUAL FIRE INSURANCE CO.
"ENTERPRISE MUTUAL FIRE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated June 2, 1874. Commenced business July 14, 1874.]
JOHN R. FREEMAN, President. THEODORE P. BOGERT, Secretary.
Home Office, 10 Weybossel Street.
Income.
Net premiums, $231,545 96
Interest on stocks and bonds, $8,586.30; all other, $1,571.63, 10,157 93
Total income, $241,703 89
Ledger assets, Dec. 31, 1903, 246,863 78
Total, $488,567 67
Disbursements.
Net amount paid for losses, $11,680 12
Profits on terminated policies, 190,628 97
Salaries, fees, etc., of officers and employees, .... 3,354 94
Rents, 1,474 52
Taxes and fees, 4,099 54
All other disbursements, * 3,716 70
Total disbursements, $214,954 79
Balance, $273,612 88
Ledger Assets.
Loans secured by collateral (town of Barrington notes), . $3,C00 00
Stocks and bonds (Schedule A), . . . . . 214,655 85
Cash in banks, 50,186 76
Premiums in course of collection, 5,770 27
Total ledger assets, $273,612 88
Non-Ledger Assets.
Interest due and accrued on bonds, 1,920 80
Market value of stocks and bonds over book value, . . 13,932 65
Gross assets, $289,466 33
Liabilities.
Unpaid losses, $353 45
Unearned premiums on outstanding risks, .... 114,241 95
Taxes, 3,741 07
All liabilities, except surplus, $118,336 47
Surplus, 171,129 86
Total liabilities, $289,466 33
EQUITABLE FIRE AND MARINE INSURANCE CO.
177
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1903, $24,133,578 00 f 203,770 17 $1,018,850 85
Risks written during 1901, . 29,642,804 00 242,045 69 1,210,228 45
Total $53,776,382 00 $445,815 86 $2,229,079 30
Risks expired and terminated, . 26,254,891 00 217,331 96 1,086,659 80
In force at end of year, . . $27,521,491 00 $228,483 90 $1,142,419 50
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 92.33 per cent.
$ 10,720 00
Schedule A.
Stocks and Bonds owned by the Company.
Providence city bonds, ....
Boston city bonds,
117 shares Providence & Worcester R.R.,
127 " Old Colony R.R , .
100 " N. Y., New Haven & Hart. R.R.,
130 " Morris & Essex R.R.,
100 " Cleveland & Pittsburg R.R, .
100 " Illinois Central R.R,,
100 " Chicago Great Western R.R., .
100 " Pitts., Bessemer & Lake Erie R.R
105 " West End Street R.R., .
500 " Pennsylvania R.R., .
100 " Manhattan R.R.,
Book Value.
Market Value.
$16,500 00
$16,500 00
20,000 00
20,600 00
29,835 00
33,696 00
23,495 00
26,035 00
18,263 35
19,850 00
11,395 00
12,122 50
9,550 00
9,250 00
12,277 50
13,570 00
9,000 00
8,700 00
7,700 00
7,500 00
9,850 00
9,765 00
31,890 00
34,500 00
14,900 00
16,500 00
$214,655 85
$228,588 50
"EQUITABLE FIRE AND MARINE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated May, 1859. Commenced business September, I860.]
Paid-up Capital, $400,000.
FRED. W. ARNOLD, President. SAMUEL G. HOWE, Secretary.
Home Office, 1 Custom House Street.
Income.
Net fire premiums, $812,847.06; marine, $23,574.10, . . $836,42116
Interest on mortgage loans, $8,552.21 ; collaterals, $1,169.26 ;
stocks and bonds, $28,262.75; all other, $43.13,. . . 38,027 35
Rents, 4,570 50
Profit on sale or maturity of ledger assets, .... 16,250 00
From all other sources, 296 40
Total income, $895,565 41
Ledger assets, Dec. 31, 1903, 1,189,994 91
Total $2,085,560 32
178
EQUITABLE FIRE AND MARINE INSURANCE CO.
Disbursements.
Net amount paid for fire losses, $568,445.47; marine, $20,-
364.56 $588,810 03
Interest and dividends to stockholders, 28,000 00
Commissions or brokerage, '. 186,381 12
Salaries, fees, etc., of officers and employees, .... 52,890 61
Repairs and expenses on real estate, 3,648 34
Real estate taxes, $1,975.05; other taxes and fees, $24,651.80, 26,626 85
Loss on sale or maturity of ledger assets, .... 7,866 50
Profit and loss, . 1,052 74
All other disbursements, 47,054 01
Total disbursements, .
Balance,
. $942,330 20
$1,143,230 12
Ledger Assets.
Real estate, $115,000; mortgages, $170,700, .
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B), .
Cash in banks and office,
Agents' balances, ......
Bills receivable, not matured, .
Total ledger assets,
$285,700 00
25,500 00
632,250 00
65,300 43
133,388 62
1,091 07
1,143,230 12
Non-Ledger Assets.
Rents accrued on company's property,
Market value of stocks and bonds over book value,
670 00
97,663 25
Gross assets,* $1,241,563 37
Assets not admitted.
Agents 1 balances over three months due,
Total admitted assets,
3,222 09
$1,238,341 28
Liabilities.
Unpaid losses, including $6,989.06 resisted, $90,783.68; less
reinsurance, $4,50U,
Unearned premiums on outstanding risks, $594,099.89 ; plus
same on disallowed reinsurance, $5,521.85, .
Salaries and other miscellaneous expenses, due or accrued, .
Commissions and other charges due agents and brokers,
All liabilities, except capital and surplus,
Surplus to policy holders, . . . .
Paid-up capital,
Surplus over capital and general liabilities, .
Total liabilities,
$532,435 86
$86,283 68
599,621 74
5,000 00
15,000 00
$705,905 42
400,000 00
132,435 86
$1,238,341 28
* Including $70,000 special reserve held under Rhode Island law.
EQUITABLE FIRE AND MARINE INSURANCE CO.
179
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
. $90,919,060 00 |1,152,336 61
. 72,187,810 00 994,591 56
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
Marine risks outstanding Dec. 31, 1903,
Marine risks written during 1904, .
Total,
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, ....
Net amount in force, .
$163,106,870 00 $2,146,928 17
. 69,396,701 00 956,351 20
.$93,710,169 00 $1,190,576 97
. 4,421,996 00 51,297 44
$89,288,173 00 $1,139,279 53
$254,303 00 $15,520 76
1,505,901 00 25,638 44
51,760,204 00 $41,159 20
1,508,473 00 24,815 08
$251,731 00 $16,344 12
8,450 00 713 50
$243,281 00 $15,630 62
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (7 per cent.), .
Company's stock owned by directors, ....
$10,017,801
00
. 6,025,396
00
578,489
00
25,315
00
781,500 00
28,000
00
78,900 00
Schedule A.
Securities held as Collateral.
201 shares Narragansett Elec. Light Co.,
127 " American Screw Co.,
2 " Rawson Fountain Society,
Schedule B.
City of Boston bonds, ....
Milwaukee City R.R. Co. bonds,
N. Y Central & Hudson River R.R. bonds,
Lehigh Valley Terminal Co. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Bridgeport Traction Co. bonds,
United Traction & Electric Co. bonds,
Columbus, Ohio, St. R.R. Co. bonds,
Milwaukee Elec. R'y and Light Co. bonds,
Market Value.
Loaned Thereon.
$19,598 OOP
12,700 00 \
$25,000 00
600 00
500 00
$32,898 00
$25,500 00
he Company.
Book Value.
Market Value.
$25,000 00
$26,813 00
5,000 00
5,109 00
12,000 00
10,945 00
10,000 00
11,963 00
8,()00 00
2,918 00
5,000 00
5,350 00
10,000 00
11,217 00
5,000 00
5,450 00
20,000 00
22,( 67 00
180
THE FARMERS FIRE INSURANCE CO.
Pawtucket Electric Co. bonds, .
Metropolitan Water Works Co. bonds, .
Rhode Island & Suburban R'y Co. bonds,
Grand Rapids Gas Light Co. bonds, .
State of Massachusetts bonds, .
Cincinnati Edison Electric Co. bonds,
Detroit Electric R'y Co. bonds,
North Chicago St. R.R. Co. bonds, .
Nor. Pac, Gt. Nor. R.R. Co , C, B. & Q. b'ds,
Georgia R'y & Electric Co. bonds, .
Utica & Mohawk Valley St. R.R. Co. bonds,
Utica Electric Light & Power Co. bonds,
Pennsylvania Steel Equipment Trust bonds,
Pawtuxet Valley Water Co. bonds, .
Chicago, Alton Equipment Association bonds,
Atchison, Topeka & Santa Fe R.R. Co. bonds,
Central R.R. of N. J. Car Equipment bonds,
Baltimore & Ohio R.R. Co. bonds, .
Southern Pacific R.R. Co bonds,
United Elec. Lt. & Power Co. of Bait bonds,
Missouri Pacific Equip. Association bonds,
Cin., Hamil & Dayton R'y Co. Equip, bonds,
500 shares Old Nat'l Bank of Providence,
Nat'l Bank of Com of Providence,
American N'l Bank of Providence, .
Providence Gas Co. of Providence,
N. Y. Cent. & Hudson R. R.R. Co.,
Illinois Central R.R Co ,
Chicago Gt. West R.R., .
Wells, Fargo & Co. Express, .
Providence Telephone Co.,
Worcester R'ys & Invest. Co.,
Underwriters' Salvage Corps.,
Pennsylvania R R. Co , .
Narragansett Electric Lighting,
300
200
600
265
320
100
50
125
50
5
400
300
Book Value.
$ 10,000 00
7,000 00
15,000 00
5,000 00
75,000 00
5,000 00
5,000 00
5,000 00
50,000 00
5,000 00
5,000 00
5,000 00
20,000 00
10,000 00
10,000 00
10,000 00
10,000 00
20,000 00
10,000 00
10,000 00
10,000 00
10,000 00
50,000 00
15,000 00
10,000 00
30,000 00
26,500
32,000
10,000
5,000
6,250 00
5,000 00
500 00
20,000 00
15,000 00
Market Value.
$10,342 00
3,850 00
13,800 00
00
00
00
00
5,179
72,563
5,309
5,196
5,000
50,738
4,925
5,100
5,150
19,833
10,042
10,317
9,980
9,825
18,750
10,126
9,475
10,442
10,113
51,000
16,800
11,200
61,800
37,961
50,240
8,610
12,000
13,625
4,250
500
27,650 00
26,400 00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
25
00
00
00
CO
00
00
$632,250 00 $729,913 25
"THE FARMERS' FIRE INSURANCE COMPANY," YORK, PA.
[Incorporated April 6, 1853. Commenced business May 16, 1853.]
WM. H. MILLER, President. E. K. McCONKEY, Secretary.
Home Office, 53 East Market Street.
Income.
Net fire premiums, $513,860 70
Interest on mortgage loans, $9,520.26 ; collaterals, $965.05 ;
stocks and bonds, $16,530.51 ; all other, $1,493.08, . . 28,508 90
Rents, including company's own occupancy, .... 2,347 93
Profit on sale or maturity of ledger assets, .... 2,024 27
Total income, $546,741 80
Ledger assets, Dec. 31, 1903, 815,936 43
Total, $1,362,678 23
THE FARMERS FIRE INSURANCE CO.
181
Disbursements.
Net amount paid for fire losses, ....
Commissions or brokerage,
Salaries, fees, etc., of officers and employees, .
Rents, including company's own occupancy, .
Real estate taxes, $471.82 ; other taxes and fees, $10,891
Profit and loss,
All other disbursements, . . .
Total disbursements,
Balance,
40,
$401,184 35
130,397 33
37,913 50
1,800 00
11,363 22
1,802 54
39,397 44
$623,858 38
$738,819 85
Ledger Assets.
Real estate, $41,500; mortgages, $193,586.52,
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B),
Cash in banks and office,
Agents' balances,
Total ledger assets,
$235,086 52
57,600 00
315,940 39
73,766 23
56,426 71
$738,819 85
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $6,649.13 ; stocks and bonds, $1,558.74 ; col-
lateral loans, $4,099. 03 ; other assets, $154.38, .
Rents accrued on company's property, .
Market value of stocks and bonds over book value,
12,461 28
87 50
88,735 37
Gross assets, $840,104 00
Assets not admitted.
Agents' balances over three months due,
Total admitted assets, ....
3,763 62
$836,340 38
Liabilities.
Unpaid losses, including $7,808 resisted, .
Unearned premiums on outstanding risks, $450,367.84
same on disallowed reinsurance, $120.55, .
Reclaimable on perpetual fire policies, .
Taxes (estimated),
Agents' balances,
plus
$50,864 23
450,488 39
3,749 67
5,000 00
102 12
All liabilities, except surplus,
Surplus,
$510,204 41
326,135 97
Total liabilities $836,340 38
182
THE FARMERS' FIRE INSURANCE CO.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904, .
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured,
Net amount in force, ....
Perpetual risks in force (not included above),
.f68,836,336 00
. 43,144,340 00
$111,980,676 00
. 41,316,790 00
. $70,663,886 00
483,297 00
. $ 70,180,589 00
$130,125 00
Premiums.
$866,921 37
569,763 09
1,436,684 46
552,579 50
$884,104 96
4,718 93
$879,386 03
$3,947 04
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
$11,293,060 00
. 7,649,308 00
406,516 00
Schedule A.
Securities held as Collateral.
66 shares First National Bank, York, Pa.,
Middletown Water Co. bonds, .
51 shares York Water Co ,
20 " York Trust Co.
60 •« York Water Co.,
90 " First Nat 1 ] Bank, W^rightsville, Pa.,
Middletown Water Co. bonds, ....
200 shares York Gas Co.,
Schedule B.
Market Value.
$13,860 00
10,000 00
1,938 00
1,000 00
2,280 00
13,050 00
15,000 00
18,500 00
Loaned Thereon.
$18,000 00
1,500 00
500 00
600 00
10,000 00
15,000 00
12,000 00
$75,628 00 $57,600 00
Stocks and Bonds owned by the Company.
N. C. R'y bonds,
Philadelphia & Erie R.R. bonds,
Shamokin, Sunbury & Lewisburg R.R. bonds
Lehigh Valley R.R. bonds,
Potomac Valley R'y bonds,
Lehigh Valley Coal Co. bonds,
Central Market House bonds, .
York Felt & Paper Co. bonds, .
United States bonds,
12 shares Farmers 1 Nat'l Bank, York, Pa.,
50 " York Co. Nat'l Bank, York, Pa.,
75 " First National Bank, York, Pa.,
615 " York National Bank, York, Pa.,
333 " Pennsylvania R.R. Co.,
4,382 " York Water Co., .
357 " York Gas Co.,
200 " Guardian Trust Co., York, Pa.,
Book Value.
$8,640 00
15,907 50
9,750
15,337
9,250
10,300
10,000
5,000
39,771
1,6,15
2,130
13,615
27,797
18,228 42
106,665 50
16,932 54
5,000 00
00
50
00
00
00
00
88
00
00
00
05
Market Value.
$8,870 00
17,062 50
10,716 17
16,443 75
11,650 00
10,550 00
9,833 34
4,875 00
36,575 00
2,100 00
2,300 00
15,750 00
30,135 00
22,977
166,516
33,022
5,300
00
00
00
00
$315,940 39 $404,675 76
FEDERAL INSURANCE CO. 183
"FEDERAL INSURANCE COMPANY," JERSEY CITY, N. J.
[Incorporated Feb. 1, 1901. Commenced business March, 1901.]
Paid-up Capital, $500,000.
PERCY CHUBB, President. MAX GRUNDNER, Secretary.
Home Office, 15 Exchange Place.
Income.
Net fire premiums, $327,568.54; marine, $758,049.69, . . $1,085,618 23
Interest on mortgage loans, $1,132.50; stocks and bonds,
148,760.38; all other, $14,755.79, 64,648 67
Profit on sale or maturity of ledger assets, .... 2,933 90
Total income, . $1,153,200 80
Ledger assets, Dec. 31, 1903, 1,756,731 77
Total, $2,909,932 57
Disbursements.
Net amount paid for fire losses, $146,269.56; marine, $321,-
894.71, $468,164 27
Interest and dividends to stockholders, 50,000 00
Commissions or brokerage, 201,522 95
Salaries, fees, etc , of officers and employees, . i . . 53,907 04
Rents 1,630 16
Taxes and fees, 25,645 30
All other disbursements, 29,867 29
Total disbursements, $830,737 01
Balance, $2,079,195 56
Ledger Assets.
Mortgages, $30,000 00
Stocks and bonds, etc. (Schedule A), 1,386,590 48
Cash in banks and office, 400,954 81
Agents' balances, 261,650 27
Total ledger assets, $2,079,195 56
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $112.50; stocks and bonds, $15,308.71, . . 15,42121
Gross assets, $2,094,616 7T
Assets not admitted.
Agents' balances over three months due, . $23,384 19
Depreciation in book value of stocks and bonds, 19,656 48
Total unadmitted assets, .... 43,040 67
Total admitted assets, $2,051,576 10
184
FEDERAL INSURANCE CO.
Liabilities.
Unpaid losses, $275,441.19; less reinsurance, $39,500, . . $235,94119
Unearned premiums on outstanding risks, $320,427.17 ; plus
same on disallowed reinsurance, $64,339.38, . . . 384,766 55
Salaries and other miscellaneous expenses, due or accrued, . 21,500 00
Commissions and other charges due agents and brokers, . 21,001 24
Due for reinsurance premiums, 34,321 24
Reserve for contingencies, 175,000 00
All liabilities, except capital and surplus, . . . $872,530 22
Surplus to policy holders, . . . $1,179,045 88
Paid-up capital, 500,000 00
Surplus over capital and general liabilities, .... 679,045 88
Total liabilities, $2,051,576 10
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
Marine risks outstanding Dec. 31, 1903,
Marine risks written during 1904, .
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
. $8,323,344 00
. 34,363,188 00
. $42,686,532 00
. 15,183,373 00
. $27,503,159 00
. 2,605,270 00
Premiums.
$104,130 54
452,549 46
$556,680 00
194,429 55
$362,250 45
35,124 68
$24,897,889 00 $327,125 77
.$35,572,101 00
. 567,128,770 00
$602,700,871 00
. 524,724,474 00
. $77,976,397 00
. 37,142,856 00
$140,671 86
1,808,397 20
$1,949,069 06
1,671,015 95
$278,053 11
119,524 64
. $40,833,541 00 $158,528 47
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
13,095,274 00
1,359,086 00
168,806 00
501,708 00
150,000 00
50,000 00
154,400 00
Schedule A.
Stocks, Bonds, etc., owned by the Company,
American Cereal Co. bonds,
American Dock & Improvement Co. bonds,
Baltimore & Ohio R.R. Co. bonds, .
Book Value.
$19,986 66
21,618 47
18,533 53
Market Value.
$20,000 00
21,280 00
18,950 00
FEDERAL INSURANCE CO.
185
Central R.R. of New Jersey bonds, .
Consol. Traction Co. of New Jersey bonds,
Chicago & Alton R'y Co. bonds,
Choctaw & Memphis R.R Co. bonds,
Chic, Indianapolis & St. Louis R'y Co. bonds
City of Elizabeth, N. J., bonds,
City of Jersey City, N. J., water bonds, .
City of East Orange, N. J., water bonds,
City of New York, N. Y , bonds,
County of Hudson, N. J., bridge bonds, .
County of Essex, N. J., bridge bonds,
East Tenn , Va , & Ga. R.R. Co. bonds, .
Easton & Amboy R.R. Co. bonds,
Elizabeth, Plainfield & C. Jersey R'y Co b'ds
Elgin, Joliet & Eastern R'y Co. bonds, .
Edison Electric Illuminating Co. bonds, .
Flint & Pere Marquette R.R. Co. bonds, .
Gas & Elec. Co. of Bergen Co., N. J., bonds,
Illinois Central R.R. Co. bonds,
Kings Co. Elec. Light & Power Co. bonds,
Kentucky Central R'y Co. bonds,
Long Dock Co. consolidated bonds, .
Lehigh Valley Terminal R'y bonds,
Mobile & Ohio R.R. Co. bonds,
Midland R R. Co. of N. J. bonds, .
National Starch Manufacturing Co. bonds,
N. Y. Gas & Elec L't, H't & Power Co. bonds
N. Y., Chicago & St Louis R.R Co. bonds,
N. Y., Susquehanna & West. R.R. Co. bonds,
North Jersey Street R'y Co bonds, .
N. Y., Lake Erie & Western R.R. Co. bonds,
Newark Passenger R'y Co. bonds, .
Newark Consolidated Gas Co. bonds,
N Y. & X. J. Telephone Co. bonds,
N. Y. Cent. & Hudson River R.R, Co. bonds,
N. Y, Phila. & Norfolk R.R. Co bonds, .
Northern Pacific R.R. Co. bonds,
Paterson Extension R.R. Co. bonds,
Port Reading R'y Co. bonds, .
Pennsylvania R.R. Co. bonds, .
Peoria & Eastern R'y Co. bonds,
Passaic County, N. J., bridge bonds
Syracuse Lighting Co. bonds, .
St. Joseph R'y, Light, Heat & Power Co. bonds
Toledo & Ohio Central R.R. Co. bonds, .
Trenton Gas & Electric Co. bonds,
Terminal R.R. Asso. of St Louis bonds, .
Western Union Telegraph Co. bonds,
Washington Water Power Co. bonds,
100 shares Consolidated Traction Co of N. J.
267 " N. Y. & N. J. Telephone Co.,
200 " Metropolitan Street R'y Co., .
10 " Underwriters' Salvage Co. of N. Y.
4 " Pacific Coast Salvage Association,
Atlantic Mutual Ins Co. scrip of 1903,
00
00
00
50
00
00
11
00
00
67
25
Book Value.
$13,000 00
27,375 00
29,143 74
11,575 00
9,975 00
50,375 00
57,972 50
15,862 50
217,285 00
51,875 00
26,437 50
11,813 89
34,950 00
25,250 00
11,525
27,475
12,082
25,062
14,625
12,150
10,011
27,021
11,850
12,876
29,406
10,676 67
9,551 11
21,435 56
58,624 99
8,150 00
29,633 34
29,507 50
26,500 00
29,774 70
14,217 75
10,062 50
7,443 33
28,176
3,445
23,654
5,887
26,125
9,600
9,500
11,597
53,000 00
10,000 00
21,622 22
10,600
6,812
41,069
30,800
1,000
500
510
25
00
24
17
00
00
00
22
00
50
50
00
00
00
61
Market Value.
$13,350 00
27,000 00
29,106 25
11,050 00
10,900 00
50,000 00
54,500 00
15,525 00
207,000 00
51,750 00
26,500 00
12,050 00
33,900 00
25,000 00
11,625 00
27,425 00
12,025 00
25,125
15,075
12,325
10,050
26,900 00
11,800 00
12,600 00
27,375
8,950
9,400
20,750
57,500
9,750 00
29,750 00
28,562
27,156
28,210
14,981
10,200 00
7,537 50
27,375
3,090
25,875
5,955
26,187
10,200 00
10,100 00
11,450 00
53,000 00
10,000 00
21,437 50
10,312 50
7,975 00
44,922 75
24,100 00
1,000 00
500 00
520 00
00
00
00
00
00
00
00
00
00
50
25
00
25
00
00
00
00
50
$1,386,590 48 $1,366,934 00
186
FIRE ASSOCIATION OF PHILADELPHIA.
"FIRE ASSOCIATION OF PHILADELPHIA," PHILADELPHIA, PA.
[Incorporated March 27, 1820. Commenced business Sept. 1, 1817.]
Paid-up Capital, $500,000.
E. C. IRVIN, President. M. G. GARRIGUES, Secretary.
Home Office, 407 Walnut Street.
Income.
Net fire premiums, $3,848,012 53
Deposit premiums on perpetual risks 52,968 53
Interest on mortgage loans, $72,12 1.49 ; collaterals, $5,138. 11 ;
stocks and bonds, $157,749.50; all other, $2,310.11, . . 237,319 21
Rents, 29,498 90
Profit on sale or maturity of ledger assets, . . . . 6,414 58
From all other sources, 10,557 38
Total income,
Ledger assets, Dec. 31, 1903,
Total, ....
. $4,184,771 13
. 6,156,792 75
$10,341,563 88
Disbursements.
Net amount paid for fire losses, ......
Deposit premiums returned, .......
Interest and dividends to stockholders, .....
Commissions or brokerage, .
Salaries, fees, etc., of officers and employees, ....
Repairs and expenses on real estate, .....
Real estate taxes, $7,564 . 19 ; other taxes and fees, $85,385 . 30,
All other disbursements,
Total disbursements,
Balance,
$2,314,822 32
124,603 12
200,000 00
969,336 90
286,446 93
11,059 33
92,949 49
85,312 82
$4,084,530 91
$6,257,032 97
Ledger Assets.
Real estate, $437,833.62 ; mortgages, $1,254,156.99,
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B),
Cash in banks and office, . . .
Agents 1 balances,
Total ledger assets,
$1,691,990 61
72,000 00
3,623,600 22
345,776 02
523,666 12
$6,257,032 97
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $21,902.71; stocks and bonds, $31,309.64
collateral loans, $239.50, .....
Rents due and accrued on company's property,
Market value of real estate over book value, .
Market value of stocks and bonds over book value,
Reinsurance due on losses paid, ....
53,451 85
1,944 61
5,066 38
225,461 53
7,215 05
Gross assets, $6,550,172 39
FIRE ASSOCIATION OF PHILADELPHIA.
187
Assets not admitted.
Company's stock owned, $11,935 00
Special deposits less $78,111 liab. thereon, . 29,748 00
Reinsurance due on losses paid, . . . 619 36
Total unadmitted assets, ....
Total admitted assets,
$42,332 36
1,507,840 03
Liabilities.
Unpaid losses, including $32,375 . 78 resisted, $359,483 . 37 ; less
reinsurance, $52,839.68, $306,643 69
Unearned premiums on outstanding risks, $2,960,924 . 05 ; plus
same on disallowed reinsurance, $2,907.33, . . . . 2,963,831 38
Reclaimable on perpetual fire policies, 1,783,333 46
All liabilities, except capital and surplus,
Surplus to policy holders, .
Paid-up capital,
Surplus over capital and general liabilities, .
. $5,053,808 53
,454,031 50
500,000 00
954.031 50
Total liabilities, ' . . . $6,507,840 03
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
Premiums.
5479,089,148 00 $5,837,032 10
403,406,766 00 5,230,017 80
$882,495,914 00 $11,067,019 90
.380,016,257 00 4,827,834 56
$502,479,657 00 $6,239,215 34
. 41,465,782 00 523,610 65
$461,013,875 00 $5,715,604 69
Perpetual risks in force (not included above), $84,034,463 00 $1,945,359 59
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (40 per cent.),
Company's stock owned by directors, . . . .
$67,125,259 00
38,347,070 00
2,282,401 00
6,779,762 00
200,000 00
30,700 00
Schedule A.
Securities held as Collateral.
$3,000 mortgage, premises, Syracuse, N. Y.,
259 shares Merchants' National Bank,
75 " United N. J. R.R. & Canal Co.,
Diamond State Steel Co. bonds,
Jackson & Battle Creek Traction Co. bonds,
Market Value. Loaned Thereon.
$3,000 00 $2,800 00
38,073 00)
19,875 00 S 50,000 00
7,700 00 )
23,400 00 19,200 00
592,048 00 $72,000 00
188
KIRK ASSOCIATION OF PHILADELPHIA .
Schedule B.
Stocks and Bonds owned by the Company.
City of Richmond certificates, .
City of Taconia bonds,
City of Portland, Ore., bonds, .
City of Petersburg, Va., bonds,
Atlantic City, N. J., bonds,
City of Duluth bonds,
City of Birmingham, Ala., bonds,
State of Georgia bonds, .
Lehigh Valley R.R. bonds,
Belt R.R. and Stock Yards bonds,
Louisville & Nashville R.R. bonds,
Texas & Pacific R R. bonds,
Camden & Atlantic R.R. bonds,
Cincin , Hamilton & Dayton R.R. Co. bonds,
Cin., Dayton & Ironton R.R. Co. bonds, .
Chicago, Rock Island & Pac. R.R. Co. bonds,
Northern Pacific R R. bonds, .
Reading Co. bonds, .
Ohio River R R. Co. bonds,
Lynn & Boston R.R. Co. bonds,
Lehigh Valley Coal Co bonds,
Port of Portland, Ore., bonds, .
Lehigh Coal & Navigation Co. bonds,
Evansville & Terre Haute R.R. Co. bonds,
Newark Passenger R'y Co. bonds, .
Terminal R.R. Associa., St. Louis, bonds,
Philadelphia City Passenger R'y Co. bonds,
Cleveland Electric R.R. Co. bonds, .
Toledo Electric Street R'y bonds,
Central of Georgia R'y Co. bonds, .
United Traction Co. of Pittsburgh bonds,
Colorado Springs Electric Co bonds,
Fairmount Park Transportation Co. bonds,
Chicago Edison Co. bonds, . . ,
Minneapolis Street R'y Co. bonds, .
Trenton Street R'y Co. bonds, .
Seaboard & Roanoke R'y Co. bonds,
Wilmington & Chester Traction Co. bonds,
Cleveland, L & Wheeling R.R. Co. bonds,
Trenton Gas & Electric Co. bonds, .
Harrisburg Light, Heat & Power Co bonds,
The People's R.R. Co. of Syracuse bonds,
Fort Pitt Traction Co. bonds, .
Chicago Suburban Water & Light Co. bonds,
West Chester Lighting Co. bonds, .
Wheeling Traction Co bonds, .
Connecticut R'y & Lighting Co. bonds,
Elmira Water, Light & R.R. Co. bonds,
Brooklyn Union Elevated R.R. Co. bonds
Shawinigan Water & Power Co. bonds,
Erie R.R. Co. bonds, ....
Wabash R.R. Co. bonds, .
Chesapeake & Ohio R.R. Co. bonds,
Passaic Steel Co. bonds, . ...
Edison Electric Light Co. certificates,
00
00
00
00
25
25
00
33
00
25
00
00
00
00
Hook Value.
$93,317 00
40,450
16,950
53,500
27,445
109,996
73,058
26,875
172,583
52,500
56,800 00
9,572 50
31,425 00
20,200 00
24,250 00
25,600 70
33,966 25
68,431
24,000
51,125
15,450
41,325
154,106 95
51,500 00
22,040 00
74,450 00
53,500 00
60,512 50
31,290 00
90,543 75
49,750 00
50,000 00
52,537 50
52,250 00
48,437 50
19,000 00
51,625 00
50,500
53,750
4(',625
25,500
13,920
57,825
25,000 00
20,500 00
49,500 00
49,750 00
24,365 00
60,300 00
24.500 00
69,625
21,875
132,482
47,500
00
00
00
00
00
00
00
00
00
00
00
00
50
00
13,325 00
Market Value.
$99,098 00
42,000 00
17,925 00
62,250 00
30,750 00
116,250 00
76,400 00
27,750 00
204,875 00
57,000 00
73,080 00
9,000 00
32,400 00
23,000
28.750
26,625
35,700
76,250 00
29,000 00
57,500 00
17,100 00
45,045 00
170,500 00
53,000 00
25,300 00
88,500 00
53,500 00
62,400 00
31,500 00
104,375 00
58,000 00
50,000 00
50,125 00
52,000 00
53,000 00
21,000 00
56,000 00
52,500 00
56,250 00
43,200 00
25,000 00
14,430 00
57,375 00
25,000 00
21,900 00
50,000 00
48,750
25,500
65,700
25,500
71,750 00
21,250 00
137,385 00
50.000 00
14,170 00
00
00
00
00
THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 189
Westinghouse Elec. & Mfg. Co. certificates,
United R'ys certificates, ....
United Gas & Electric Co. bonds,
Pennsylvania Steel Equipment bonds,
St. Joseph R'y, Lt , Ht. & Power Co. bonds,
Iron Mountain Car bonds,
Atchison, Topeka & Santa Fe R.R Co. bonds
Philadelphia Co. bonds, ....
Elmira, Courtland & Northern R R Co. bonds
Pitts., McKeesp. & Greensb. R.R. Co. bonds,
Pikes Peak Hydro-Electric Co. bonds,
St. Louis & San Francisco R.R. Co bonds,
Toledo & Ohio Central R'y Co. bonds,
Metropolitan Cross-Town R'y Co. bonds,
Southern R'y Co. Equipment notes, .
Pennsylvania R.R. Co. bonds, .
Wilkinsburg & East Pitts St. R'y Co. bonds,
Omaha & Council Bluffs St. R'y Co. bonds,
Det., Roch , Romeo & Lake Orion R'y bonds,
3L shares Fire Association, .
331 " Ph , Ger. & Nor R.R. Co., .
70 " Chestnut Hill R R. Co.,
35 " Philadelphia Bourse,
5 " Underwriters' Salvage Co., .
500 " Philadelphia Traction Co., .
306 " Illinois Southern R'y Co., .
250 " Colorado Springs Electric Co ,
500 " Passaic Steel Co., .
200 " Philadelphia Co , .
1,000 " Pennsylvania R.R ,
300 " Union National Bank,
200 " Cambria Steel Co ,
37 " United Gas & Electric Co
188 " Pikes Peak Electric Co.,
500 " General Asphalt Co. of America,
Book Value.
$25,625 00
20,750 00
24,375 00
25,135 00
50,000 00
47,125 00
26,000 00
37,790 00
23,250 00
23,750 00
47,565 00
46,195 00
26,781 25
48,357 40
48,000 00
54,875 00
48,625
15,750
8,947
30,666
6,401
1,375
500
28,709
7,650
00
00
86
36
75
00
00
37
00
9,550 00
68,687 50
36,975 00
4,750 00
Market Value.
$ 25,750 00
24,900 00
2,500 00
25,000 00
25,375 00
51,000 00
52,000 00
25,750 00
38,340 00
23,250 00
23,750 00
49,625 00
47,625
26,781
50,000
51,250
55,000
48,625
15,750
11,935
52,463
4,550
177
500
49,375
1,250
3,750
00
25
00
00
00
00
00
00
50
00
50
00
00
00
00
8,200
69,000
34,500
5,200
2,531
00
00
00
00
50
67,577 50 20,750 00
1,623,600 22 $3,849,061 75
"THE FIRE INSURANCE COMPANY OF THE COUNTY OF
PHILADELPHIA," PHILADELPHIA, PA.
[Incorporated May 31, 1832. Commenced business April 11), 1833.]
Paid-up Capital, $400,000.
CHARLES R. PECK, President. E. A. LAW, Secretary/.
Home Office, 110 S. 4th Street.
Income.
Net fire premiums,
Deposit premiums on perpetual risks, ....
Interest on mortgage loans, $9,131.98 ; collaterals, $3 16. 34
stocks and bonds, $24,627.72; all other, $1,833.13, .
Rents, including company's own occupancy, .
Profit on sale or maturity of ledger assets,
From all other sources, .......
Total income, ........
Ledger assets, Dec. 31, 1903,
Total,
$247,651 58
4,226 74
35,909 17
4,619 42
254 95
2,022 11
$294,683 97
835,110 11
$1,129,794 08
190 THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA.
Disbursements.
Net amount paid for fire losses,
Deposit premiums returned, ....
Interest and dividends to stockholders, .
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees, .
Rents, including company's own occupancy, .
Repairs and expenses on real estate,
Real estate taxes, $974.22 ; other taxes and fees,
Loss on sale or maturity of ledger assets,
All other disbursements,
Total disbursements, .....
Balance,
1,980.70,
$111,015
47
12,243
41
24,000
00
60,634 00
14,091
86
1,800
00
710
78
7,954 92
3,807
17
18,323
27
$254,580
88
$875,213
20
Ledger Assets.
Real estate, $62,702.90; mortgages, $204,950,
Loans secured by collateral (21 shares Union Pass
Stocks and bonds (Schedule A),
Cash in banks and office, .....
Agents' balances,
All other ledger assets,
Total ledger assets,
R'yCo.),
$267,652 90
3,700 00
520,038 54
45,770 42
34.058 08
3,993 26
$875,213 20
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $2,478.12; collateral loans. $39.78; other
assets, $100
Rents accrued on company's property, ....
Market value of real estate over book value, .
Market value of stocks and bonds over book value,
Gross assets,
2,617 90
60 50
18,262 10
71,418 84
$967,572 54
Liabilities.
Unpaid losses, including $2,500 resisted, $27,101.08; less
reinsurance, $3,134.28, $23,966 80
Unearned premiums on outstanding risks, $170,931.54; plus
same on disallowed reinsurance, $108.29, .... 171,039 83
Reclaimable on perpetual fire policies, 203,488 64
Commissions and other charges due agents and brokers, . 5,823 65
All liabilities, except capital and surplus, . . . $404,318 92
Surplus to policy holders, .... $563,253 62
Paid-up capital, 400,000 00
Surplus over capital and general liabilities, .... 163,253 62
Total liabilities,
$967,572 54
THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 191
Risks and Premiums.
Fire risks outstanding Dec. 81, 1903,
Fire risks written during 1904,
Total,. . .
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
. |30,230,876 00
. 24,571,249 00
.|54,802,125 00
. 23,917,613 00
.$30,884,512 00
. 2,280,389 00
.$ 28,604,123 00
Premiums.
$358,365 17
309,884 21
Perpetual risks in force (not included above), $9,343,644 00
,249 38
304,758 94
$363,490 44
24,973 93
$338,516 51
$224,523 27
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
$4,251,869 00
2,666,537 00
99,675 00
852,408 00
24,000 00
122,800 00
Schedule A.
Stocks and Bonds owned by the Company.
City of Camden bonds,
Lehigh Valley R R. bonds,
Delaware & Bound Brook R.R. Co. bonds,
Penn. & N. Y. Canal & R.R. bonds, .
Philadelphia & Erie R.R. bonds,
Pennsylvania R.R. bonds,
Penn. & Northwestern R.R. Co. bonds,
Lehigh Valley R R. bonds,
Northern Central R'y Co bonds,
Philadelphia & Reading Terminal bonds,
Pitts., Cin., Chic & St. Louis R'y Co. bonds,
Catawissa R.R. Co. bonds,
Norfolk & Western R'y bonds.
Wladikawkas R'y bonds, ....
Iron Mt. Car bonds,
Erie Railroad Car bonds, ....
Phila., Bait. & Wash R R. Co. bonds,
Pennsylvania Co. bonds, ....
Pennsylvania Steel Co. bonds, .
Philadelphia Co. bonds, ....
Equitable Ilium. Gas L't Co of Phila. bonds,
Western Union Telegraph Co bonds,
Phila City Passenger R'y Co. bonds,
Newark Passenger R'y Co. bonds, .
Elec & People's Traction bonds,
11 shares Elmira & Williamsport R.R, .
264 " Phila., Ger. & Norris. R.R. Co.,
150 " United Cos. of N. J.,
470 " Pennsylvania R.R Co., .
104 " North Pennsylvania R.R. Co.,
205 " Germantown Passenger R'y Co.,
100 " 2d & 3d St. Passenger R'y Co.,
Boob Value.
$1,280 00
10,15!) 00
28,867 50
7,387 50
10,600 00
20,337 50
10,400
48,287
11,550
12,050
23,400
4,300
4,897
15,000
5,000
5,000
5,225
19,750
5,425
16,507
16,425
3,240
4,625
23,359
550
28,847
29,217
26.502
8,699
17,744
16,816
00
50
00
00
00
00
50
00
00
00
00
00
15,250 00
00
50
00
00
00
00
00
05
39
00
50
60
00
Market Value.
$1,050 00
9,430 00
24,840 00
6,300 00
11,575
18,512
11,200
54,370
11,900
12,350
22,425
4,200
5,000
14,250
5,000
5,000
5,387
20,000
16,125
5,500
16,350
16,200
3,150
5,750
25,250 00
550 00
41,844 00
40,950 00
32,459 38
10,920 00
27,880 00
30,000 00
00
50
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
192
fireman's FUND INSURANCE CO.
20 shares 13th & 15th Sts. Pass. R'y Co ,
50 " Frank. & Southw. P. C. P. R.R. Co ,
164 " Union Traction Co. of Phila.,.
200 " Philadelphia Traction Co.,
35 " Nat'l Bank of Northern Liberties, .
28 " Bank of North America, Phila.,
10 " First Nat'l Bank of Phila.,
Book Value.
$4,500 00
16,656 25
2,870 00
18,225 00
11,516 25
7,458 00
2,102 50
Market Value.
$6,080 00
22,000 00
9,676 00
19,800 00
8,750 00
7,728 00
' 1,700 00
$520,038 54 $591,457 38
"FIREMAN'S FUND INSURANCE COMPANY," SAN FRANCISCO,
CAL.
[Incorporated May 3, 1863. Commenced business June 18, 1863.]
Paid-up Capital, $1,000,000.
WM. J. L>UTTON, President. LOUIS WEINMANN, Secretary.
Home Office, 401 California Street.
Income.
Net fire premiums, $3,775,984.84 ; marine, $489,402.99,
Interest on mortgage loans, $11,837.68; collaterals, $17,-
908.18; stocksand bonds,$165,516.73; all other,$ 11,849.83,
Rents, including company's own occupancy, ....
Total income,
Ledger assets, Dec. 31, 1903,
Total
Disbursements.
Net amount paid for fire losses, f 2,005,458.48 ; marine, $ 257,-
764.29,
Interest and dividends to stockholders, .....
Commissions or brokerage,
Salaries, fees, etc., of officers and employees, ....
Rents, including company's own occupancy, ....
Real estate taxes, $9,122.95 ; other taxes and fees, $ 73,529. 12,
Loss on sale or maturity of ledger assets, ....
Profit and loss,
All other disbursements,
Total disbursements,
$4,265,387 83
207,112 42
19,857 02
. $4,492,357 27
. 5,529,142 15
$10,021,499 42
$2,263,222 77
120,000 00
763,243 86
300,416 06
8,400 00
82,652 07
2,415 04
31,933 17
250,121 41
$3,822,404 38
Balance $6,199,095 04
Ledger Assets.
Real estate, $517,750 ; mortgages, $213,400, .
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B),
Cash in banks and office,
Agents' balances,
Bills receivable, not matured, .
All other ledger assets,
Total
Less ledger liabilities,
Total ledger assets,
$731,150 00
428,250 00
3,883,926 02
456,597 73
662,050 12
50,031 31
17,003 59
56,229,008 77
29,913 73
>6,199,095 04
fireman's FUND INSURANCE CO.
193
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $1,349.13 ; collateral loans, $1,986.54, .
Market value of stocks and bonds over book value,
Gross assets,
$3,335 67
214,951 48
1,417,382 19
Assets not admitted.
Agents' balances over three months due, . $36,648 41
Special deposits less $112,058.76 liab. thereon, 42,741 24
Depreciation in book value of real estate, . 15,000 00
Total unadmitted assets, ....
94,389 6b
Total admitted assets,
1,322,992 54
Liabilities.
Unpaid losses, including $6,266.67 resisted, $399,379.43 ; less
reinsurance, $106,624.16, $292,755 27
Unearned premiums on outstanding risks, $2,875,715 . 34 ; plus
same on disallowed reinsurance, $98,693.33, . . . 2,974,408 67
All liabilities, except capital and surplus, . . . $3,267,163 94
Surplus to policy holders, .... $3,055,828 60
Paid-up capital, 1,000,000 00
Surplus over capital and general liabilities, .... 2,055,828 60
Total liabilities, .
. $6,322,992 54
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
Marine risks outstanding Dec. 31, 1903,
Marine risks written during 1904, .
Total,
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, ....
$365,462,515 00
. 488,906,553 00
$854,369,068 00
.372,700,530 00
$481,668,538 00
. 60,927,382 00
Premiums.
K,738,041 70
5,362,420 89
$10,100,462 59
4,323,591 29
j,776,871 30
792,256 50
$420,741,156 00 $4,984,614 80
. $11,579,875 00
. 147,418,838 00
$158,998,713 00
. 146,404,830 00
.$12,593,883 00
. 5,014,674 00
$385,042 74
970,817 31
1,355,860 05
950,866 47
$404,993 58
184,535 67
Net amount in force, .
. $7,579,209 00 $220,457 91
194
FIREMAN S FUND INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent.),
Company's stock owned by directors, ....
$50,493,881
26,357,161
2,010,300
303,597
3,716,000
120,000
00
00
00
00
00
00
107,600 00
Schedule A.
Securities held as Collateral.
390 shares B'kof Sonoma Co., Petalurna,Cal.,
Olaa Sugar Co , Hawaii, bonds,
600 " Cal. SafeDep. & Tr. Co., S. F,
Loan to Merchants 1 Exchange of San Francisco
secured by 15 memberships, .
250 shares Contra Costa Water Co.,
475 " Chutes Co., S. F., .
Sierra R'y Co. of California bonds, .
5,000 shares Olaa Sugar Co., .
1,250 " HiloR'yCo.,
Puna Sugar Co. bonds,
350 shares California Wine Association,
100 " Cal. Safe Dep. & Tr. Co. of S. F.,
100 " El Dorado Lumber Co., .
Oakland Transit Co of California bonds
Northern R'y Co. of California bonds,
S. P. of California bonds, .
S. F. & Northern Pacific R.R. bonds,
Presidio & Ferries R.R. Co. bonds, .
359 shares Presidio & Ferries R.R. Co.,
50 " American National Bank,
50 " Bank of Healdsburg,
Petaluma & Santa Rosa R'y Co. bonds,
Los Angeles Pacific R'y Co. bonds, .
250 shares Pacific Borax Co., .
32i " First N'l B'k of Winnemucca, Nev.,
Market Value. Loaned Thereon.
|54,600 00 $34,000 00
43,700 00 40,000 00
90,000 00 48,000 00
7,500 00
6,250 00 )
2,375 00 I
22,000 00
50,000 00 ^
21,250 00 S
10,000 00 )
28,700 00
15,000 00 t
5,000 00 s
22,000 00
26,625 00^
15,500 00 |
24,750 00 )>
9,000 00 |
14,360 00 J
6,500 00
6,250 00
30,000 00
67,000 00
39,250 00
4,387 50
}
7,500 00
6,250 00
20,000 00
50,000 00
24,500 00
10,000 00
15,000 00
70,000 00
25,000 00
50,000 00
25,000 00
3,000 00
$621,997 50 $428,250 00
Schedule B.
Stocks and Bonds owned by the Company.
Book Value. Market Value.
United States bonds, $204,701 56 $209,600 00
Omnibus Cable R'y Co., S. Fran., Cal., bonds, 128,302 08 145,500 00
Market St. R'y Co., San Francisco, Cal., bonds, 128,982 50 139,800 00
Powell St. R'y Co., San Fran., Cal., bonds, . 24,217 50 24,860 00
Sutter St. R'y Co., San Francisco, Cal., bonds, 55,847 50 59,890 00
Pres. & Fer. R.R. Co., San Fran., Cal., bonds, . 54,662 50 54,000 00
Park & Cliff House R'y bonds, . . 5,450 00 5,250 00
Los Angeles R'y Co., Los Angeles, Cal., bonds, 81,823 75 81,550 00
Oakland Transit Co. bonds 17,712 50 17,000 00
San Fran. & San Joaquin Val. R'y Co. bonds, . 78,707 50 83,650 00
San Francisco & North Pacific R'y bonds, . 59,107 50 59,625 00
Pacific Electric R'y Co. bonds, . . . . 91,455 00 89,675 00
FIREMAN S FUND INSURANCE CO.
195
South Pacific Coast R'y Co. bonds, .
Stamped South. Pacific R.R. of Cal. bonds,
Southern Pacific Co. of Cal. bonds, .
South. Pacific R.R. of Cal., unstamped bonds,
Southern Pacific Branch bonds,
Sierra Railway of California bonds,
North Pacific Coast R.R. Co. bonds,
California Northwestern R'y Co. bonds, .
San Francisco, Oakland & San Jose R.R. b'ds
Petaluma & Santa Rosa R'y Co., Cal., bonds,
Spring Valley Waterworks of San Fran., b'ds
Pacific Gas Improvement Co. bonds,
The Risdon Iron & Locomotive Works bonds
San Francisco Dry Dock Co bonds,
Oakland Gas, Lt. & Ht. Co., Oak., Cal., bonds
Stockton Gas & Elec. Co., Stock., Cal., bonds
Bay Counties Power Co. bonds,
California Central Gas & Electric Co. bonds,
California Gas & Electric Co. bonds,
San Francisco Gas & Electric Co. bonds, .
Edison Electric Co., Los Angeles, Cal., bonds
Valley Counties Power CO., Cal., bonds, .
Northern Cal. Power Co., Cal , bonds,
Siskiyou Electric Power Co., Cal., bonds,
Keswick Electric Power Co., Cal., bonds,
Hanford Gas & Power Co., Cal., bonds, .
Nevada Electric Power Co., Cal., bonds, .
Sunset Telephone & Telegraph Co. bonds,
American Hawaiian S.S. Co.,N. Y, N. Y., b'ds
Baker City, Ore., school bonds,
Riverside Water Co. bonds,
Honolulu Rapid Transit & Land Co. bonds,
Oahu Railway & Land Co. bonds,
Olaa Sugar Co. bonds,
Hilo R.R. Co., Honolulu, H. I., bonds,
Oahu Sugar Co. of Honolulu, H. I., bonds,
2,986 shares Home Fire & Mar. Ins. Co. of Cal.
410 " Bank of Cal., San Fran., Cal.,
130 " First Nat'l Bank, San Fran., Cal.
225 " Anglo-Cal. B'k, Ltd., S. F., Cal.,
100 " Mercantile Tr. Co., S. F., Cal.,
10 " Union Trust Co., .
450 " Oakland B'k of Sav., Oak., Cal.,
50 " Union Nat'l Bank, Oakland, Cal.
304 " San Francisco National Bank,
83 " Security Savings Bank, S. F.,
130 " N.B'k of D. O. Mills & Co., S ,Cal.
1,000 " Cal. St. Cable R.R. Co., S. F., Cal.
550 " Pres. & Fer. R.R. Co., S F., Cal.
800 '« S. F. Gas & El. Co., San. F., Cal.
375 " Cal. Gas & Electric Co.,
366 " Pacific States Tel. & Tel. Co.,
1,200 " Spring Val. W. W., S. F., Cal.,
100 " San Jose Wat. Co., San J., Cal.,
656 « San. F. Dry D'k Co., San F., Cal.
656 " Mission Rock Co., San F., Cal.,
100 " Marin County Water Co., .
00
00
00
00
Book Value.
$190,625 00
110,105 00
2,977 50
30,375 00
101,075 00
21,053 33
89,472 50
22,150 00
119,149 99
49,536 13
58,982 50
32,045 00
57,937 50
5,500 00
74,290 00
54,265
63,175
25,625
37,500
60,142 50
4,908 35
43,750 00
34,750 00
10,000 00
20,000 00
9,787 50
29,250 00
76,470 00
21,850 00
6,850 00
17,485 75
47,551 95
31,275 00
29,990 00
47,500 00
20,000 00
600,403 50
150,967 00
1,986 58
15,560 88
10,000 00
18,000 00
25,144 17
7,250 00
33,404 50
31,350 00
39,000 00
96,763 25
29,462
67,927
18,750
38,145
58,886
9,000
50
50
00
50
25
00
00
00
00
00
00
37,429 00
6,125 00
Market Value.
$186,200 00
108,000 00
3,000 00
28,750 00
98,550 00
22,000 00
87,565 00
22,500 00
123,625 00
50,000 00
53,040 00
32,980
57,750
5,600
76,325
52,650
60,900 00
26,250 00
42,500 00
60,000 00
5,000 00
42,500 00
35,000 00
10,000 00
20,000 00
10,000 00
29,250 00
74,200 00
22,880 00
7,245 00
20,000 00
53,000 00
30,900 00
28,500 00
47,500 00
20,000 00
600,000 00
172,200 00
41,600 00
19,687 50
22,500 00
20,000 00
49,500 00
8,250 00
45,600 00
31,540 00
39,000
200,000
22,000
43,200
18,750
38,430 00
46,800 00
10,000 00
39,360 00
5,900 00
00
00
00
00
00
$3,883,926 02 $4,098,877 50
196 firemen's insurance co.
" FIREMEN'S INSURANCE COMPANY OF NEWARK, N. J.,"
NEWARK, N". J.
[Incorporated Dec. 3, 1855. Commenced business Dec. 3, 1855.]
Paid-up Capital, $1,000,000.
DANIEL H. DUNHAM, President. A. H. HASS1NGER, Secretary.
Home Office, 784 Broad Street.
Income.
Net fire premiums, $956,925 91
Interest on mortgage loans, $74,434 ; stocks and bonds, $74,-
891.12, • . . . . 149,325 12
Rents, 11,998 52
Total income, SI, 118,249 55
Ledger assets, Dec. 31, 1903, . .... 2,781,080 04
Total, $3,899,329 59
Disbursements.
Net amount paid for fire losses, $395,388 40
Interest and dividends to stockholders, 120,000 00
Commissions or brokerage, 233,605 19
Salaries, fees, etc., of officers and employees, .... 41,259 76
Repairs and expenses on real estate, 3,479 60
Real estate taxes, $5,937.23 ; other taxes and fees, $25,514.24, 31,451 47
Loss on sale or maturity of ledger assets, .... 7,377 37
All other disbursements, 49,295 88
Total disbursements, • . . $881,857 67
Balance, $3,017,471 92
Ledger Assets.
Real estate, $117,484.86; mortgages, $1,530,898.60, . . $1,648,383 46
Stocks and bonds (Schedule A), 1,192,300 00
Cash in banks and office, 65,586 98
Agents' balances, 111,201 48
Total ledger assets, $3,017,471 92
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $22,954.25; stocks and bonds, $8,187.50, . 31,141 75
Rents due on company's property, 14 00
Market value of stocks and bonds over book value, . . 490,575 00
Reinsurance due on losses paid, 573 86
Gross assets, $3,539,776 53
firemen's INSURANCE CO.
197
Assets not admitted.
Agents' balances over three months due,
Reinsurance due on losses paid,
Total unadmitted assets, .
Total admitted assets,
$59 22
573 86
$633 08
$3,539,143 45
Liabilities.
Unpaid losses, including $5,911.10 resisted, $103,289.94; less
reinsurance, $11,879.94,
Unearned premiums on outstanding risks, $797,757.23; plus
same on disallowed reinsurance, $77.50, .
Unpaid scrip,
Interest due or accrued, . '
All liabilities, except capital and surplus,
Surplus to policy holders, .... $2,647,517 50
Paid-up capital,
Surplus over capital and general liabilities, ....
$91,410 00
797,834 73
1,887 00
494 22
,625 95
1,000,000 00
1,647,517 50
Total liabilities, $3,539,143 45
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
$142,607,297 00 $1,351,430 92
. 92,656,813 00 1,196,032 52
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
$235,264,110 00 $2,547,463 44
. 68,891,175 00 949,138 00
$166,372,935 00 $1,598,325 44
. 10,304,957 00 100,617 28
$156,067,978 00 $1,497,708 16
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Stock dividends declared from organization of company,
Dividends declared during the year (12 per cent.),
Company's stock owned by directors, ....
$12,083,371 00
5,696,869 00
427,957 00
2,390,500 00
850,000 00
120,000 00
235,050 00
Schedule A.
Stocks and Bonds owned by the Company.
Morris & Essex R.R. bonds,
North Hudson Co. R'y Co. bonds, .
Newark Gas Co. bonds, .
Lehigh Valley Terminal R'y bonds,
Newark Passenger R'y Co. bonds, .
Atlantic City, N. J., water bonds,
Passaic Water Co. bonds, .
Book Value.
$50,000 00
55,000 00
50,000 00
50,000 00
20,000 00
22,000 00
20,000 00
Market Value.
$64,000 00
60,650 00
67,000 00
56,500 00
22,400 00
24,200 00
21,200 00
198
firemen's MUTUAL INSURANCE CO.
Consolidated Traction Co. bonds,
Consumers' Heat, Light & Power Co. bonds,
Central R.R. of New Jersey bonds, .
United Electric Co. (N. J.) bonds, .
Newark Consolidated Gas Co. bonds,
N. Y., L. Erie & West. R.R. Dock & Imp. b'ds
Trenton Passenger R'y Co. bonds, .
Hudson Co. Gas Co. bonds,
Trenton Gas & Electric Co. bonds, .
N. J. & N. Y. R.R. bonds, .
American Dock & Improvement Co. bonds,
N. Y., Susquehanna & West. R.R. Co. bonds,
United N. J. R.R. & Canal Co. stock,
Delaware, Lackawanna & Western R.R. stock
Morris & Essex R.R. stock,
Newark Consolidated Gas Co. stock,
National Newark Banking Co. stock,
National State Bank stock,
Essex County National Bank stock,
Manufacturers' National Bank stock,
Consolidated Rosendale Cement Co. stock,
Merchants' National Bank stock,
N. Y. & N. J. Telephone stock,
Rapid Transit R'y Co. stock, .
Western Adjustment & Inspection Co. stock,
Consolidated Traction .Co. stock,
Hackensack Water Co. bonds, .
Book Value.
$100,000 00
10,000 00
25,000 00
100,000 00
100,000 00
20,000 00
30,000 00
40,000 00
10,000 00
20,000 00
20,000 00
25,000 00
15,000 00
60,000 00
70,000 00
40,000 00
40,000 00
32,500 00
20,000 00
10,000 00
4,000 00
20,000 00
38,500 00
15,000 00
300 00
40,000 00
20,000 00
Market Value.
$107,000 00
10,500 00
32,500 00
67,000 00
107,000 00
22,400 00
37,200 00
42,400 00
10,500 00
21,200 00
22,200 00
28,000 00
40,500 00
180,000 00
126,700 00
32,000 00
136,000 00
65,000 00
68,000 00
17,500 00
800 00
50,000 00
57,750 00
36,000 00
375 00
30,000 00
18,400 CO
$1,192,300 00 $1,682,875 00
"FIREMEN'S MUTUAL INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated May 1, 1854. Commenced business September 1, 1854.]
EDWIN BARROWS, President. JOSEPH T. A. EDDY, Secretary.
Home Office, 10 Weybosset Street.
Income.
Net premiums, $868,856 33
Interest on stocks and bonds, $42,698 . 34 ; all other, $6,37 1.12, 49,069 46
Profit on sale or maturity of ledger assets, .... 20,100 00
Total income, $938,025 79
Ledger assets, Dec. 31, 1903, 984,547 69
Total, .
,922,573 48
Disbursements
Net amount paid for losses,
Profits on terminated policies, .
Salaries, fees, etc., of officers and employees,
Rents,
Taxes and fees,
Loss on sale or maturity of ledger assets,
$65,607 44
760,821 64
13,266 00
925 00
16,522 99
1,755 51
firemen's MUTUAL INSURANCE CO. 199
Inspections, $12,774 41
All other disbursements, 2,551 40
Total disbursements, $874,224 39
Balance, $1,048,349 09
Ledger Assets.
Stocks and bonds (Schedule A), $ 819,212 50
Cash in banks, 196,507 29
Premiums in course of collection, 12,629 30
American Telephone & Telegraph Co. (3-year notes), . . 20,000 00
Total ledger assets, f 1,048,349 09
Non-Ledger Assets.
Interest accrued : —
On bonds, $8,564.66; other assets, $1,717.34, . . . . 10,282 00
Market value of stocks and bonds over book value, . . 244,860 50
Gross assets, $1,303,491 59
Liabilities.
Unpaid losses $1,707 09
Unearned premiums on outstanding risks, .... 426,565 29
Taxes due and accrued, 12,955 80
All liabilities, except surplus, $441,228 18
Surplus, 862,263 41
Total liabilities, $1,303,49159
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1903, $99,969,788 00 $814,993 80 $4,074,969 00
Risks written during 1904, . 112,950,728 00 907,977 56 4,539,887 80
Total $212,920,516 00 $1,722,971 36 $8,614,856 80
Risks expired and terminated, . 106,998,321 00 869,840 77 4,349,203 85
In force at end of year, . $105,922,195 00 $853,130 59 $4,265,652 95
Miscellaneous.
Losses incurred during the year, $61,998 00
Profits or surplus returned during 1904, 91.58 per cent.
Schedule A.
Stocks and Bonds owned by the Company.
Book Value. Market Value.
United States bonds $120,000 00 $136,400 00
Rhode Island State bonds 100,000 00 103,000 00
Columbus Street R'y Co. bonds, . . . 20,000 00 21,800 00
Chicago, Burlington & Quincy R.R. bonds, . 4,000 00 3,880 00
200
FRANKLIN FIRE INSURANCE CO.
Northern Pacific-Great Northern R'y bonds, .
Cleveland Electric R.R. Co bonds, .
100 shares Hereford R'y Co.,
100 " Detroit, Hillsd'le & So. West. R.R,,
200 " Pitts., Bessemer & Lake Erie R.R.,
200 " Cleveland & Pittsburgh R'y Co.,
210 " West End St. R'y Co., .
200 " Rensselaer & Saratoga R.R.,
1,020 " Pennsylvania R.R.,
200 " Morris & Essex R.R., .
230 " Rome, YVatert'n & Ogdens. R.R.,
230 " Chicago & Northwestern R.R.,
100 " Old Colony R.R., .
200 " N. Y., Lackawanna & West. R.R.
400 " Illinois Central R.R., .
100 " Pitts., Ft. Wayne & Chicago R.R.
530 " N. Y. Cent. & Hudson R. R.R.,
100 " N. Y.,N. H. & Hartford R.R.,
200 " Manhattan R'y Co.,
273 " Providence Gas Co.,
100 " The Gold & Stock Telegraph Co.
130 " Upper Coos R.R. Co., .
280 " American National Bank,
200 " National Bank of Commerce,
;'100 " Old National Bank,
[100 " Blackstone Canal National Bank
Long Island R.R. Co. bonds,
American Tel. & Telegraph Co. bonds, .
East St. Louis & Suburban Co. bonds,
Lake Shore & Michigan Southern R'y bonds,
Toledo R'y & Terminal Co. bonds, .
100 shares Ft. Wayne & Jackson R.R. Co.,
Book Value.
$55,000 00
10,000 00
10,000 00
10,000 00
7,412 50
10,000 00
10,500 00
20,000 00
51,000 00
10,000 00
30,000 00
23,000 00
10,000 00
20,000 00
40,000 00
10,000 00
53,000 00
18,000 00
20,000 00
13,650 00
10,000 00
13,000 00
14,000 00
10,000 00
10,000 00
2,500 00
10,000 00
9,150 00
20,000 00
25,000 00
10,000 00
10,000 00
Market Value.
$55,550 00
10,200 00
10,000 00
10,400 00
7,400 00
19,400 00
19,530 00
41,400 00
70,380 00
18,400 00
41,400 00
47,610 00
20,500 00
27,400 00
62,400 00
18,500 00
75,260 00
19,800 00
33,000 00
27,573 00
12,000 00
19,500 00
17,640 00
11,000 00
10,000 00
3,500 00
10,000 00
9,400 00
20,000 00
25,250 00
10,100 00
14,300 00
$819,212 50 $1,063,873 00
"FRANKLIN FIRE INSURANCE COMPANY OF PHILADELPHIA,"
PHILADELPHIA, PA.
[Incorporated April 22, 1829. Commenced business June 22, 1829.]
Paid-up Capital, $400,000.
JAMES W. MCALLISTER, President. EZRA T. CRESSON, Secretary.
Some Office, 421 Walnut Street.
Income.
Net fire premiums, $761,401 46
Deposit premiums on perpetual risks, ..... 5,759 02
Interest on mortgage loans, $5,286.87; collaterals, $360.83;
stocks and bonds, $106,767.50; all other, $1,618.32, . . 114,033 52
Rents, 5,405 08
From all other sources, 1,275 50
Total income, $887,874 58
Ledger assets, Dec. 31, 1903, 3,055,227 70
Total, $3,943,102 28
FRANKLIN FIRE INSURANCE CO.
201
Disbursements
Net amount paid for fire losses,
Deposit premiums returned,
Interest and dividends to stockholders, .
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents,
Repairs and expenses on real estate,
Real estate taxes, f 3,057 . 96 ; other taxes and fees,
Loss on sale or maturity of ledger assets,
All other disbursements, ....
Total disbursements, ....
Balance,
Ledger Assets
Real estate, $208,645.73; mortgages, $80,548,
Stocks and bonds (Schedule A),
Cash in banks and office, ....
Agents' balances,
,195.26
Total ledger assets,
Non-Ledger Assets.
Interest accrued on mortgages, ....
Market value of real estate over book value, .
Market value of stocks and bonds over book value,
Gross assets,
Liabilities.
Unpaid losses, including $1,550 resisted, $72,128.37; less
reinsurance, $2,387.11,
Unearned premiums on outstanding risks, ....
Reclaimable on perpetual fire policies,
Dividends due stockholders,
All liabilities, except capital and surplus,
Surplus to policy holders, .... $1,325,188 00
Paid-up capital,
Surplus over capital and general liabilities, ....
$549,012 26
48,164 69
79,430 00
185,103 39
35,235 75
2,128 00
1,182 50
23,253 22
9,628 59
80,873 01
$1,014,011 41
$2,929,090 87
$289,193 73
2,427,142 22
119,760 31
92,994 61
$2,929,090 87
1,208 22
19,354 27
49,987 78
1,999,641 14
$69,741 26
697,025 75
907,116 13
570 00
,674,453 14
400,000 00
925,188 00
Total liabilities, $2,999,641 14
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, . . . . $111,344,184 00 $1,290,987 45
Perpetual risks in force (not included above), $46,941,294 00 $988,535 96
$110,790,435 00
. 75,210,432 00
$186,000,867 00
. 69,191,693 00
$116,809,174 00
. 5,464,990 00
Premiums.
$1,284,528 35
970,993 52
$2,255,521 87
900,207 33
$1,355,314 54
64,327 09
202
FRANKLIN FIRE INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (20 per cent.),
Company's stock owned by directors, ....
Schedule A.
Stocks and Bonds owned by the Company.
Shamokin, Sunbury & Lewisburg R.R. bonds,
Huntingdon & Broad Top R.R. bonds,
Pennsylvania & N. Y. Canal & R.R. bonds,
Philadelphia & Erie R.R. bonds,
Phila., Wilm. & Baltimore R.R. bonds,
Belvidere Delaware R.R. bonds,
Phila., Wilm. & Baltimore R.R. bonds,
Pennsylvania R.R. Collateral Trust Loan
Easton & Amboy R.R. bonds, .
Elmira & Williamsport R.R. bonds,
Phila., Wilm. & Baltimore R.R. bonds,
West Jersey R.R. bonds, .
N. Y. Central R.R. bonds,
Northern Central R.R. bonds, .
Steubenville & Indiana R.R. bonds,
Camden & Atlantic R.R. bonds,
Northern Central R.R. bonds, .
River Front R.R. bonds, .
Camden & Atlantic R.R bonds,
Lehigh Valley R.R. bonds,
Philadelphia & Baltimore Central R.R. bonds,
Pennsylvania & N. Y. Canal & R.R. Co. bonds,
Wilmington & Weldon R.R. bonds, .
W r est Jersey & Seashore R.R. bonds,
Pitts., Chartiers & Yough. R.R. bonds, .
Chic, Rock Island & Pacific R.R. Co. bonds,
Lehigh & Hudson River R.R. bonds,
Erie & Pittsburgh R.R. Co. bonds, .
West Jersey & Seashore R.R. bonds,
N. Y., Philadelphia & Norfolk R.R. bonds,
Pitts., Cin., Chicago & St. Lo. R.R. bonds,
Erie R.R. bonds,
Lehigh Valley R.R. bonds,
Rio Grande AVestern R.R. bonds,
Lehigh Valley R.R. bonds,
Southern R'y Co. bonds, .
Wilmington & Northern R.R. bonds,
Reading Co. R.R. & Marine Equipt. bonds,
Baltimore & Ohio R.R. bonds, .
Pennsylvania Co., Collateral Trust bonds,
Erie R R. Car Trust bonds,
Norfolk & Western R.R. bonds,
Reading R.R., Equipt. Trust bonds, .
Baltimore & Ohio R.R. bonds, .
Norfolk & Western R.R , Equipt. Trust b'ds,
Chic, Rock Island & Pacific R'y bonds, .
Erie R.R. Car Trust bonds,
N. Y., Philadelphia & Norfolk R.R. bonds,
Book Value.
$10,594 45
21,025 00
11.550 00
34,973 33
15,005 00
21,000 00
10,000 00
31,200 00
25,916 67
9,950 00
24,629 17
28,654 67
25,000 00
14,550 00
62,658 75
16,622 50
10,375 00
16,780 00
11,550 00
66,501 25
1,077 78
2,857 50
50,C00 00
25,000 00
50,000 00
70,000 00
25,000 00
49,640 97
100,000 00
50,000 00
50,000 00
50,000 00
50,000 00
22,894 45
40,000 00
20,000 00
59,986 66
50,000 00
23,937 50
98,036 28
25,000 00
20,000 00
25,000 00
20,000 00
73,801 66
49,313 88
50,000 00
23,027 77
^35,633,784 00
19,004,839 00
553,280 00
6,154,000 00
80,000 00
16,500 00
Market Value.
$10,300 00
20,400 00
11,500 00
36,750 00
15,750 00
21,840 00
10,400 00
31,500 00
28,000 00
11,100 00
26,250 00
29,250 00
25,250 00
18,000 00
63,600 00
16,800 00
11,000 00
16,800 00
11,550 00
71,500 00
1,010 00
3,000 00
50,000 00
26,000 00
50,000 00
74,200 00
27,500 00
49,000 00
96,000 00
52,000 00
47,500 00
51,000 00
50,000 00
22,500 00
43,200 00
19,800 00
58,800 00
50,000 00
24,000 00
98,000 00
25,500 00
20,200 00
25,500 00
19,600 Q0
73,500 00
48,500 00
50,000 00
24,000 00
GERMAN INSURANCE CO.
203
Iron Mt. R'y Car Trust bonds, .
St. Louis & San Fran. R.R. Equipt. Tr. bonds,
Long Island R R. bonds, ....
Chesapeake & Ohio R'y bonds,
Norfolk & Western R'y bonds,
Pennsylvania Co., Forty Years Trust bonds,
United R'ys Co. of St. Louis, Mo., bonds,
Lehigh Coal & Navigation Co. bonds,
Lehigh Valley Coal Co. (Snow Shoe) bonds,
Susquehanna Coal Co. bonds, .
Lehigh Coal & Navig. Co. Col. Tr. bonds,
Delaware River Ferry Co. bonds, .
Girard Point Storage Co. bonds,
Philadelphia Traction Co. bonds,
Newport & Cincinnati Bridge Co. bonds,
Edison Electric Light Co. bonds,
Infantry Battalion, State Fencibles, bonds,.
United Traction Co. of Pitts., Pa., bonds,
Federal St. & Pleasant Val. Pass. R'y bonds,
Electric & People's Traction Co. bonds,
Philadelphia Electric bonds,
Philadelphia Co., Pitts., Pa., bonds,
City of Springfield, 111., bonds,
City of Sandusky, Ohio, bonds,
City of Camden, N. J., bonds, .
Borough of Sewickiy, Pa., school bonds,
City of Dayton, Ohio, sewer bonds, .
City of Dayton, Ohio, street paving bonds,
Borough of Downingtown, Pa., water bonds,
City of Camden, N. J., bonds, .
City of Lancaster, Pa., school bonds,
County of Gloucester, N. J., road imp. bonds
County of Cameron, Pa., bonds,
Monongahela City, Pa., bonds, .
County of Gloucester, N. J , bonds, .
35 shares Girard National Bank, .
300 u Philadelphia Traction Co , .
Book Value.
$25,000 00
47,376 38
50,000 00
24,598 05
24,566 67
23,327 08
41,372 21
10,000 00
20,630 56
16,825 00
50,000 00
5,000 00
16,329 83
31,830 28
25,000 00
29,775 00
2,000 00
29,625 00
10,000 00
22,250 00
24,895 00
5,000 00
2,092 78
39,248 75
5,050 00
16,678 72
5,712 50
23,425 00
9,405 00
5,216 67
4,130 00
4,500 00
20,000 00
59,000 00
17,500 00
7,234 00
29,437 50
Market Value.
$25,500 00
49,000 00
50,500 00
24,500 00
24,500 00
23,500 00
39,600 00
10,300 00
21,000 00
16,800 00
50,500 00
5,250
19,000
33,170
27,000
33,300 00
2,000 00
34,800
11,500
25,250
25,750
5,500
2,100
38,500
5,150
16,960
5,500
23,200
9,630
5,200
4,080
4,545
21,000
59,000 00
17,850 00
8,645 00
29,700 00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
1,427,142 22 $2,477,130 00
"GERMAN INSURANCE COMPANY OF FREEPORT,"
FREEPORT, ILL.
[Incorporated February, 1865. Commenced business October, 1866.]
Paid-up Capital, $200,000.
C. O. COLLMANN, President. WM. TREMBOR, Secretary.
Home Office, 9 North Galena Avenue.
Income.
Net fire premiums,
Interest on mortgage loans, $123,659.57; collaterals, $425
stocks and bonds, $60,222.18 ; all other, $5,416.31, .
Rents,
From all other sources,
Total income,
Ledger assets, Dec. 31, 1903,
^3,414,398 78
189,723 06
2,454 43
544 00
^3,607,120 27
4,796,827 74
Total, .
5,403,948 01
204
GERMAN INSURANCE CO.
Disbursements.
Net amount paid for fire losses,
Interest and dividends to stockholders, .
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees, .
Repairs and expenses on real estate,
Real estate taxes, f 694. 96 ; other taxes and fees,
Loss on sale or maturity of ledger assets,
Munich Reinsurance Co.,
Uncollected premiums charged off, .
All other disbursements, . .
Total disbursements,
Balance,
,113.09,
. $1,445,939 82
40,000 00
. 879,874 05
184,795 48
818 32
79,808 05
2,652 95
43,111 78
1,525 78
154,063 33
>,832,589 56
$5,571,358 45
Ledger Assets.
Real estate, $76,700; mortgages, $2,977,666.20,
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B),
Cash in banks and office,
Agents 1 balances, ......
Bills receivable,
Total ledger assets,
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $82,622.40; stocks and bonds, $12,584.88;
collateral loans, $232.70,
Market value of stocks and bonds over book value,
(3,054,366 20
7,700 00
1,585,449 16
425,685 09
426,240 72
71,917 28
i5,571,358 45
Gross assets,
95,439 98
81,923 50
$5,748,721 93
Assets not admitted.
Agents' balances over three months due, . $6,963 51
Bills receivable, past due, .... 230 45
Special deposits less $16,636.26 liab. thereon, . 3,663 74
Total unadmitted assets, .... 10,857 70
Total admitted assets, $5,737,864 23
Liabilities.
Unpaid losses, including $13,703.37 resisted, $222,242.24;
less reinsurance, $9,968.59 $212,273 65
Unearned premiums on outstanding risks, $3,405,087 . 69 ; plus
same on disallowed reinsurance, $39,901.56, . . . 3,444,989 25
All liabilities, except capital and surplus, . . . $3,657,262 90
Surplus to policy holders, .... $2,080,601 33
Paid-up capital, 200,000 00
Surplus over capital and general liabilities, .... 1,880,601 33
Total liabilities, $5,737,864 23
GERMAN INSURANCE CO.
205
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
$444,849,121 00 $5,731,679 43
. 310,305,386 00 4,210,734 94
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
$755,154,507 00 $9,942,414 37
. 242,481,768 00 3,469,138 98
$512,672,739 00 $6,473,275 39
. 9,761,989 00 119,604 46
$502,910,750 00 $6,353,670 93
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (20 per cent.),
Company's stock owned by directors, .
,363,128 00
19,205,857 00
1,481,450 00
1,179,665 00
40,000 00
78,100 00
Schedule A.
Securities held as Collateral.
10 shares German Bank, Freeport, 111., .
70 " German Bank, Freeport, 111., .
30 " First Nat'l Bank, Blue Hill, Neb.,
Schedule B.
Market Value. Loaned Thereon.
$1,000 00 1700 00
7,000 00 5,000 00
3,000 00 2,000 00
Stocks and Bonds owned by the Company.
Freeport, 111., school bonds,
Urbana, 111., city hall bonds,
Elgin, 111., school bonds, ....
Macon Co., 111., court house bonds, .
Lake and Hyde Park, Cook Co., school bonds
Mt. Vernon, HI., school bonds,
Monroe Co., 111., funding bonds,
East St. Louis, 111., school bonds,
Danville, 111., city sewer bonds,
Wheaton, 111., city bonds, ....
Gilman, 111., school bonds,
Danville Junction, 111., school bonds,
Mt. Morris, 111., school bonds, .
Mattoon, 111., Township refunding bonds,
Eldorado, 111 , school bonds,
Pecatonica, 111., school bonds, .
Monmouth, 111., water bonds, .
Marshall Co., 111., school bonds,
Woodhull, 111., school bonds, .
Blue Island, 111., village bonds,
Warren, 111., water bonds,
Carmi, 111., school bonds, .
Book Value.
$26,500 00
11,000 00
6,000 00
25,000 00
1,000 00
8,000 00
10,000 00
10,000 00
6,000 00
10,000
3,000
10,000
300
6,000
3,000
5,000 00
5,000 00
4,000 00
1,600 00
8,000 00
6,000 00
2,000 00
00
00
00
00
00
00
$11,000 00 $7,700 00
00
00
00
00
00
00
00
00
Market Value.
$26,725 00
11,550
6,180
26,500
1,040
8,320
10,000
10,900
6,120
10,500 00
3,270 00
10,800 00
309 00
6,420 00
3,000 00
5,200
5,350
4,320
1,600
8,640
6,180
2,040
00
00
00
00
00
00
00
206
GERMAN INSURANCE CO.
Omaha, 111., school bonds,
Greenville, 111., school bonds,
Watseka, 111., school bonds,
Amboy, 111., school bonds,
Ogden, Champaign Co., 111., school bonds,
Kankakee, 111., improvement bonds,
Grossdale, 111., bridge bonds,
Orangeville, 111., village bonds
Quincy, 111., funding bonds,
Anna, 111., school bonds, .
Paxton, 111., school bonds,
Evansville, Ind., school bonds,
Evansville, Ind., funding bonds,
Drummer Twp., Ford Co., 111., funding bonds
Rock Island, 111., funding bonds,
Charleston, 111., funding bonds,
Bloomington, 111., school bonds,
Meredosia, 111., drainage bonds,
Maywood, 111., bonds,
Pekin, 111., refunding bonds,
Normal, 111., water bonds,
St. Charles, 111., school bonds, .
Morris, 111., school bonds,
Oregon, 111., town refunding bonds,
Momence, 111 , town funding bonds,
East Lincoln, 111., town funding bonds,
White Co., 111., funding bonds,
East St. Louis, 111., school bonds,
Muscatine, Iowa, refunding bonds,
Lawrenceville, 111., city bonds,
Chicago Heights, 111., water bonds,
Pana, 111 , Twp. funding bonds,
Monmouth, III., refunding bonds,
DuQuoin, 111., refunding bonds,
Hawthorne, 111. (Cook Co.), school bonds
Jersey ville, 111., refunding bonds,
Monroe, Wis., water bonds,
Windsor, 111., town funding bonds,
Bloom, Cook Co., 111., town bonds,
Council Bluffs, Iowa, refunding bonds,
Elmwood, 111., refunding bonds,
Piper City, 111., school bonds,
Georgia State bonds,
Colchester, 111., school bonds,
Nunda, 111., water bonds, .
Marshall, 111., water bonds,
Carrollton, 111., water bonds,
Viola, III., village bonds, .
Carmi, 111., water bonds, .
Taylorville, 111., bonds,
Freeport, 111., water bonds,
Freeport, 111., Light & Fuel Co. bonds,
People's Gas Light & Coke Co. bonds, Chicago
Portsmouth, Va., city bonds,
C. R. I. & P. R.R. bonds, .
I. C. R.R. Western Lines bonds.
I. C. R.R., Louisville Division, bonds,
I. C. R.R. bonds,
I. C. R.R. Collateral Trust bonds, .
C. B. & Q. R.R., Illinois Division, bonds,
Book Value.
02,000 00
10,000 00
2,000 00
5,700 00
500 00
7,000 00
4,000 00
300 00
26,000 00
3,500 00
6,000 00
10,000 00
5,000 00
5,000 00
15,000 00
18,000 00
10,000 00
100 00
3,000 00
17,000 00
20,000 00
8,900 00
500 00
30,000 00
15,000 00
15,000 00
10,000 00
17,000 00
25,000
4,350
3,000
29,000
3,000
3,000
2,000 00
11,000 00
75,000 00
9,500 00
8,000 00
13,000 00
8,5C0 00
8,000 00
10,000 00
2,900 00
4,000 00
9,000 00
6,000 00
800 00
8,000
20,000
2,000
9,000
20,000
10,000
81,468
17,000
19,340
15,000 00
10,000 00
20,000 00
00
00
00
00
00
00
00
00
00
00
00
00
75
00
00
Market Value.
$2,180 00
10,000 00
2,020 00
5,928 00
505 00
7,210 00
4,120 00
300 00
26,960 00
3,500 00
6,060
10,200
5,140
5,350
15,750
19,080
10,100 00
102 00
3,090
17,170
21,600
9,256
500
30,900
15,450 00
15,150 00
10,600 00
17,510
26,750
5,133
3,330
29,580
3,270
3,330
2,180
11,220 00
78,750 00
10,070 00
7,920 00
13,910 00
8,500 00
8,880 00
10,700 00
2,958 00
4,000 00
10,080 00
7,080 00
800 00
8,080 00
21,200 00
2,160 00
9,000 00
21,000 00
9,600 00
84,100 00
17,680 00
19,000 00
15,600 00
10,400 00
19,000 00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
GERMAN ALLIANCE INSURANCE CO.
207
C. B. & Q. R.R., Neb. Extension, bonds, .
C. B. & Q. joint bonds, ....
Elgin, Joliet & Eastern R'y bonds, .
C. M. & St. P. R'y, Wis. & Min. Div., bonds,
Chicago & Eastern Illinois R'y bonds,
Chicago & Alton R'y bonds,
B. & O. R'y, South Western Division, bonds,
Baltimore & Ohio R'y bonds, .
B. •& O. bonds,
Atchison, Topeka & Santa Fe adjustment b'ds
Union Pacific bonds,
Pennsylvania R.R. bonds, ....
Reading Co. bonds,
Northern Pacific bonds, ....
Norfolk & Western bonds,
Erie R.R. bonds, '
Pere Marquette, Detroit River Division, bonds
Southern Pacific bonds, ....
Bellingham Bay & B. C. bonds,
N. Y. Central & Hudson River R.R. bonds,
Central Pacific bonds, ....
Flint & Pere Marquette bonds, .
Illinois Central R.R. stock,
N. Y. Central R.R. stock, ....
Pennsylvania R.R. stock, ....
Minnehaha Nat'l Bank, Sioux Falls, S. D., st'k,
West. Underwriters' Asso., Incor., Chic, st'k, .
Book Value.
|20,000 00
23,968 75
10,000 00
10,000 00
35,000 00
17,050 00
22,687 50
25,000 00
24,277 50
23,456 25
24,150 00
24,362 50
9,700 00
18,402 50
25,000 00
24,606 25
39,750 00
8,600 00
10,000 00
23,937 50
9,975 00
5,000 00
20,000 00
10,000 00
20,000 00
4,366 66
195,400 00
Market Value.
$21,000 00
24,750 00
11,600 00
11,600 00
41,650 00
16,000 00
23,000 00
25,500 00
26,000 00
23,500 00
28,250 00
25,500 00
10,100 00
18,750 00
25,000 00
25,000 00
41,200 00
9,400 00
10,200 00
24,750 00
10,000 00
5,500 00
31,400
14,200
27,800
4,366
00
00
00
66
195,400 00
,585,449 16 $1,667,372 66
"GERMAN ALLIANCE INSURANCE COMPANY,"
NEW YORK, N. Y.
[Incorporated Feb. 8, 1897. Commenced business Feb. 8, 1897.]
Paid-up Capital, $400,000.
WM. N. KREMER, President. CHARLES. G. SMITH, Secretary.
Home Office, Corner Liberty and Nassau streets.
Net fire premiums, .
Interest on stocks and bonds,
Total income,
Ledger assets, Dec. 31, 1903,
Total, ....
Disbursements.
Net amount paid for fire losses,
Interest and dividends to stockholders, .
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees, .
Taxes and fees,
Loss on sale or maturity of ledger assets,
Income.
,789.17; all other,' $338.43, .
$458,643 29
49,127 60
. |507,770 89
. 1,240,510 00
. $1,748,280 89
$302,166 95
40,000 00
108,281 95
4,470 05
27,950 03
837 58
Total disbursements, $483,706 56
Balance, $1,264,574 33
208 GERMAN ALLIANCE INSURANCE CO.
Ledger Assets.
Stocks and bonds (Schedule A), $1,151,487 78
Cash in banks, 31,112 73
Agents' balances, 81,973 82
Total ledger assets, $1,264,574 33
Non-Ledger Assets.
Interest accrued on stocks and bonds, . . . . 3,496 50
Market value of stocks and bonds over book value, . . 76,194 22
Gross assets, $1,344,265 05
Assets not admitted.
Special deposits less $24,599 liability thereon, . . . 75,201 00
Total admitted assets, $1,269,064 05
Liabilities.
Unpaid losses, $82,625 06
Unearned premiums on outstanding risks, .... 323,783 80
All liabilities, except capital and surplus, . . . $406,408 86
Surplus to policy holders, . . . . $862,655 19
Paid-up capital, 400,000 00
Surplus over capital and general liabilities, .... 462,655 19
Total liabilities, $1,269,064 05
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1903, . . $59,148,601 00 $594,148 94
Fire risks written during 1904, . . . 54,468,658 00 576,984 52
Total, $113,617,259 00 $1,171,133 46
Risks expired and terminated, .... 52,641,215 00 549,686 42
In force at end of year, $60,976,044 00 $621,447 04
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
Schedule A.
52,565,829 00
1,412,242 00
313,578 00
128,000 00
40,000 00
71,400 00
Stocks and Bonds owned by the Company.
Book Value. Market Value.
500 shares Chic, Mil. & St. Paul R.R., . . $74,361 94 $91,000 00
200 " Chicago & Northwestern R.R., . 32,837 50 45,800 00
500 " Hocking Valley R.R., . . . 41,100 00 45,000 00
GERMAN-AMERICAN INSURANCE CO.
209
496 shares Illinois Central R.R., .
2,937 " Pennsylvania R.R.,
100 " Rensselaer & Saratoga R.R.,
1,000 " Southern R'y,
500 " Union Pacific R.R.,
228 " Citizens' Central Nat'l Bank,
125 " National Bank of Commerce,
85 " Consolidated Gas Co., .
10 " Underwriters' Sal. Co. of N. Y.,
United States bonds,
United States bonds,
Massachusetts State bonds,
Massachusetts State bonds,
N. Y. City school house bonds,
Atchison, Topeka & Santa Fe R'y bonds,
Atchison, Topeka & Santa Fe R'y debent. b'ds
Central R.R. of New Jersey bonds,
Central R.R. of New Jersey bonds,
Chicago, Burl. & Quincy R.R., 111. Div., bonds
Chicago & Eastern Illinois R.R. bonds, .
Missouri, Kansas & Texas R'y bonds,
Northern Pacific-Gt. Northern joint bonds,
Oregon Short Line R.R. bonds,
Second Avenue R.R. Co. bonds,
Southern R.R. Co bonds, .
Utah & Northern R.R. bonds, .
Consolidated Gas Co. bonds, .
Edison Electric Illuminating Co. bonds, .
Kanawha & Hocking Coal & Coke Co. bonds,
Western Union Telegraph Co. bonds,
Book Value.
Market Value.
$64,576 25
$73,904 00
173,557 50
192,373 00
18,250 00
20,300 00
93,287 50
91,000 00
41,650 00
47,500 00
38,020 00
36,480 00
24,056 25
28,375 00
17,352 50
15,980 00
1,000 00
1,000 00
159,781 28
166,400 00
10,605 73
10,200 00
19,451 18
19,000 00
1,067 50
1,050 00
79,070 49
75,000 00
9,917 23
10,100 00
23,625 00
23,750 00
11,212 50
13,200 00
11,156 00
13,300 00
1,500 00
1,860 00
32,125 00
32,500 00
21,766 25
24,500 00
27,992 50
27,160 00
23,592 50
25,000 00
27,531 25
28,250 00
11,723 64
11,600 00
24,000 00
21,000 00
1,000 00
1,760 00
11,695 83
11,600 00
20,500 00
19,600 00
2,124 46
2,140 00
$1,151,487 78 $
1,227,682 00
" GERMAN-AMERICAN INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated March, 1872. Commenced business March 7, 1872.]
Paid-up Capital, $1,500,000.
WM. N. KREMER, President. CHARLES G. SMITH, Secretary.
Home Office, Corner Liberty and Nassau streets.
Income.
Net fire premiums, .
Interest on mortgage loans, $610
$458,924.39 ; all other, $8,235.17,
Rents,
Profit on sale or maturity of ledger
Profit and loss, ....
Total income,
Ledger assets, Dec. 31, 1903, .
99 ; stocks and bonds,
assets,
$5,326,190 28
467,770 55
1,200 00
52,139 45
828 78
$5,848,129 06
11,963,517 24
Total,
$17,811,646 30
210
GERMAN-AMERICAN INSURANCE CO.
Disbursements.
Net amount paid for fire losses,
Interest and dividends to stockholders, .
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees, .
Rents,
Repairs and expenses on real estate,
Taxes and fees,
All other disbursements,
Total disbursements, . .
Balance,
53,071,517 12
375,000 00
973,049 80
222,079 61
35,735 10
192 86
137,471 26
450,850 28
. $5,265,896 03
112,545,750 27
Ledger Assets.
Real estate, $15,000 ; mortgages, $15,000,
Stocks and bonds (Schedule A),
Cash in banks and office, .
Agents' balances,
Total ledger assets,
$30,000 00
. 11,232,748 73
402,324 95
880,676 59
$12,545,750 27
Non-Ledger Assets
Interest accrued : —
On mortgages, $150 ; stocks and bonds,
\ assets, $2,043.76,
Market value of stocks and bonds over book value,
Gross assets,*
,172.50; other
51,366 26
392,692 27
$12,989,808 80
Assets not admitted.
Agents 1 balances over three months due, .
Special deposits less $81,180 liab. thereon,
Total unadmitted assets, . . . . -
Total admitted assets,
$9,102 97
168,320 00
177,422 97
$12,812,385 83
Liabilities.
Unpaid losses, including $66,193 resisted, $828,660 ; less re-
insurance, $191,592.75, $637,067 25
Unearned premiums on outstanding risks, $4,713,862.04 ; plus
same on disallowed reinsurance, $10,062.68, . . . 4,723,924 72
Salaries and other miscellaneous expenses, due or accrued, . 12,337 95
Commissions and other charges due agents and brokers, . 26,340 46
Due for return premiums, $3,096 . 88 ; reinsurance, $246,093 . 87, 249,190 75
All liabilities, except capital and surplus,
Surplus to policy holders, ....
Paid-up capital,
Surplus over capital and general liabilities, .
Total liabilities,
. $5,648,861 13
r ,163,524 70
1,500,000 00
. 5,663,524 70
$12,812,385 83
* Including $750,000 special deposit held under New York law.
GERMAN-AMERICAN INSURANCE CO.
211
Fire risks outstanding Dec. 31, 1903
Fire risks written during 1904,
Risks and Premiums.
Premiums.
$ 1,024,048,243 00 $9,655,646 22
833,764,533 00 8,337,991 67
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, . .
Net amount in force, .
1,857,812,776 00 $17,993,637 89
733,397,434 00 7,345,467 06
$1,124,415,342 00 $10,648,170 83
208,402,090 00 1,767,540 01
$916,013,252 00 $8,880,630 82
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (25 per cent.),
Company's stock owned by directors, .
$75,337,187 00
39,995,830 00
3,110,124 00
6,165,000 00
375,000 00
227,700 00
Schedule A.
Stocks and Bonds owned by the Company.
United States bonds, ....
New Mexico bonds, ....
Toronto Local Improvement bonds,
Brooklyn city bonds,
New York City bonds,
Atchison, Topeka & Santa Fe R'y bonds,
Atlantic Coast Line R.R. bonds,
Baltimore & Ohio R.R. bonds, .
Central R.R. of N. J. bonds, .
Chesapeake & Ohio R'y bonds,
Chicago & Alton R.R. bonds, .
Chicago & Alton R'y lien,
Chicago & E. Illinois R.R. bonds, .
Chicago & Northwestern R'y bonds,
Chicago & Northwestern R'y bonds,
Chicago, Mil. & St. Paul R.R. bonds,
Chic, Mil. & St. Paul R.R., C. &. P. W. b'ds,
Chic, Mil. & St. P'l R.R. So. Minn, bonds,
Chicago, Rock Island & Pacific R.R. bonds,
Cleve., Columbus, Cin. & Indianap. R'y bonds,
Clevc, Cin., Chicago & St. Louis R.R. bonds,
Erie R.R. bonds,
Erie R.R. bonds,
Erie R'y bonds, .
Erie R.R. bonds,
Hocking Valley R'y bonds,
Lake Shore & Mich. Southern bonds,
Little Miami R.R. bonds, ....
Louis. & Nash. & Mob. & Mont. R.R. bonds,
Louisville & Nashville R.R. bonds, .
Minneapolis & St. Louis R 11. bonds,
Minn., St. Paul & Sault Ste. Marie R'y bonds,
Book Value.
$135,591 20
11,700 00
106,370 00
102,500 00
762,418 58
164,785 83
200,000 00
100,000 00
75,184 25
50,250 00
22,283 75
21,086 34
31,446 00
111,268 68
60,489 25
65,400 00
33,675 00
11,737 50
64,000 00
61,687 50
46,000 00
210,487 50
164,411 75
84,075 42
45,000 00
83,130 65
95,000 00
27,500 00
104,000 00
141,568 10
22,375 00
24,562 50
00
00
00
00
00
Market Value.
$134,400 00
12,800 00
102,300 00
100,000 00
738,350 00
168,250 00
180,000 00
101,000 00
85,450 00
52,500
20,500
19,500
32,250
110,230
62,150 00
66,600 00
34,200 00
10,800 00
60,000 00
61,500 00
49,000 00
196,500 00
159,250 00
89,000 00
46,000 00
80,250 00
98,000 00
26,250 00
106,000 00
144,500 00
2<>,300 00
24,250 00
212
GERMAN-AMERICAN INSURANCE CO.
Book Value.
Mobile & Ohio R.R. Co. bonds,
Montana Central R.R. bonds, .
Missouri Pacific R'y bonds,
Missouri Pacific R'y bonds,
Missouri Pacific R'y bonds,
Nashville, Chat. & St. Louis R'y bonds,
N. Y., Chicago & St. Louis R.R. bonds,
N. Y., Lackawanna & Western R.R. bonds,
N. Y., Susquehanna & Western R.R. bonds,
N. Y., Susquehanna & Western R.R. bonds,
Norfolk & Western R'y bonds,
Northern Pacific-Gt. North. R R. bonds, .
Oregon Short Line R.R. bonds,
Pennsylvania Co. bonds, ....
Pennsylvania Co. bonds, ....
Pennsylvania R.R. bonds, ....
Rio Grande- Western R'y bonds,
Southern Pacific Co. Central Pacific bonds,
Southern R'y bonds,
St. Paul, Minn. & Manitoba R'y bonds, .
St. Lawrence & Adirondack R.R. bonds, .
St. Louis, Iron Mt. & Southern R'y bonds,
St. Louis, Iron Mt. & Southern R'y bonds,
St. Louis & San Francisco R.R. bonds,
Santa Fe, Prescott & Phoenix R'y bonds,
Union Pacific R'y bonds, .
Union Pacific R'y bonds, .
Utah & Northern R.R. bonds, .
West Shore R'y bonds,
West Shore R'y bonds,
Columbus & Ninth Avenue R.R. bonds,
Lexington Ave. & Pav. Ferry R'y bonds,
Minneapolis, L. & M. St. R'y bonds,
Metropolitan St. R'y Co. bonds,
34th Street Crosstown R'y bonds,
Troy (N. Y.) City R'y bonds, .
Edison Electric 111. Co. bonds, .
Kanawha & Hocking Coal & Coke Co. bonds,
N. Y. Gas & Electric Light bonds, .
N. Y. Gas & Electric Light bonds, .
U. S. Steel Corporation bonds, .
Western Union Telegraph Co. bonds,
Standard Gas Light Co. bonds,
100 shares Albany & Susquehanna R.R.
1,600 " Baltimore & Ohio R R.
2,700 " Baltimore & Ohio R.R..
1,000 " Cayuga & Susquehanna R.R.
2,500 " Chic , Mil. & St. Paul R.R.,
1,200 " Chic, Mil. & St. Paul R.R.,
700 " Chicago & Northwestern R.R.,
700 " Chicago & Northwestern R.R.,
500 " Cleve., C, C. & St. Louis R.R.,
200 " Detroit, Hills & S'w'n R.R.,
1,700 " Delaware & Hudson Co.,
500 " Erie R.R
1,122 " Hocking Valley R'y Co.,
1,500 " Illinois Central R.R., .
300 " Lake Erie & Western R.R. Co.,
1,000 " Louisville & Nashville R.R.,
1,000 " Manhattan Elevated R'y Co.,
50
00
15
00
00
50
00
$55,187
65,925
85,024
10,250
58,625
24,937
46,575
130.000 00
25,000 00
26,968 75
86,750 00
148,613 34
115,884 71
40,330 00
47,730 00
48.124 30
16,882 14
22,953 81
173,604 95
87,541 25
27.125 00
45,436 30
84,680 01
44,397 24
30,450 00
53,514 59
51,760
12,000
47,135
6,427
29,372
29,000 00
21,500 00
36,579
56,250
26,250
37,829
82,000 00
23,312 50
27,166 65
42,854 17
26,000 00
29,125 00
17,000 00
149,587 50
246.001 25
40,500 00
367,562 50
168,287 50
111,285 00
109,737 50
40,712 50
19,400 00
280,362 50
33,187 50
77,443
192,797
33,037
108,325
56
00
00
50
00
86
00
00
17
78
15
50
00
132,950 00
Market Value.
$55,500 00
71,500 00
86,100 00
10,400 00
60,000 00
28,000 00
45,450 00
126,000 00
i 28,250 00
28,250 00
93,000 00
145,500 00
122,000 00
39,960 00
46,440 00
50,500 00
17,280 00
23,000 00
174,000 00
93,010 00
25,250 00
46,000 00
85,500 00
43,000 00
30,740 00
55,500 00
51,000 CO
10,600 00
47,080 00
6,420 00
29,250 00
28,750 00
26,250 00
40,250 00
54,000 00
27,500 00
40,950 00
78,400 00
23,000 00
27,000 00
45,000 00
27,000 00
27,000 00
21,000 00
136,000 00
243,000 00
60,000 00
442,500 00
186,000 00
145,600 00
122,500 00
52,500 00
19,000 00
289,000 00
32,500 00
93,126 00
205,500 00
27,000 00
122,000 00
135,000 00
THE GERMAN-AMERICAN FIRE INSURANCE CO.
213
100 shares Minneapolis & St. Louis R.R.,
800 " Missouri Pacific R.R. Co., .
245 " Mobile & Birmingham R.R.,
1,200 " Morris & Essex R.R., .
2,633 " N. Y & Harlem R.R., .
200. " N. Y., Lack. & Western R.R.,
1,000 " Norfolk & Western R'y,
500 " Norfolk & Western R'y,
500 " Northern Securities Co.,
6,666 " Pennsylvania R.R.,
950 " Pitts., C, C. & St. Louis, .
450 " Pitts., Ft. Wayne & Chic. R.R.,
500 " Rensselaer & Saratoga R.R.,
100 " St. Louis & San Francisco R.R.,
500 " Second Avenue R.R. Co.,
3,100 " Southern R'y Co
800 " Third Avenue R.R. Co.,
3,000 " Union Pacific R.R.,
800 " Union Pacific R R.,
100 " Amer. Exch. National Bank,
475 " Citizens' Central Nat'l Bank,
400 " Fourth National Bank, .
221 " German American Bank,
90 " Merchants' National Bank, .
150 " Merchants' Trust Co., .
526 " National Bank of Commerce,
400 " N. Y. Sec. & Trust Co.,
700 " American Sugar Refining Co.,
200 " American Tel. & Tel. Co., .
1,070 " Consolidated Gas Co., .
600 " Pullman Co.,
175 " Realty Associates,
750 " Standard Oil Co., .
500 " United Gas Imp. Co., .
Book Value.
Market Value.
$ 8,400 00
$8,500 00
81,037 50
76,000 00
22,603 73
19,600 00
98,100 00
106,800 00
385,734 50
502,903 00
23,600 00
25,600 00
91,525 00
85,000 00
36,062 50
32,500 00
51,457 50
50,000 00
396,648 75
383,295 00
92,793 75
95,000 00
86,962 50
80,100 00
90,500 00
98,500 00
12,968 33
12,500 00
104,762 51
87,500 00
289,043 75
272,800 00
102,675 00
94,400 00
259,062 50
276,000 00
77,825 00
77,600 00
17,100 00
25,000 00
74,355 88
71,250 00
70,000 00
82,000 00
17,901 00
25,691 00
6,750 00
7,200 00
48,975 00
24,750 00
105,028 00
113,616 00
260,000 00
248,000 00
93,375 00
91,000 00
27,650 00
23,400 00
202,218 50
176,550 00
122,155 00
132,000 00
24,675 00
17,500 00
251,017 50
412,500 00
44,550 00
46,500 00
$11,232,748 73 $11,625,441 00
"THE GERMAN-AMERICAN FIRE INSURANCE COMPANY,"
BALTIMORE, MD.
[Incorporated June 10, 1880. Commenced business Sept. 2'.), 1SS0.]
Paid-up Capital, $200,000.
MA {{TIN MEYERDIRCK, President. HERMAN KNOLLENBERG, Secretary.
Home Office, 411 E. Baltimore Street.
Income.
Net fire premiums, .
Interest on mortgage loans, $6,743.51 ; collaterals, $1,338.93
stocks and bonds, $10,884.82 ; all other, $ 143.96,
Rents,
Profit on sale or maturity of ledger assets,
Capital s'k decreased to $ 50,000 and reins, by sale of new s'k,
Total income, .........
Ledger assets, Dec. 31, 1903,
$115,934 48
19,111 22
1,992 60
9,322 32
150,000 00
$296,360 62
529,454 33
Total, .
$825,814 95
214 THE GERMAN-AMERICAN FIRE INSURANCE CO.
Disbursements.
Net amount paid for fire losses, $377,671 19
Deposit premiums returned, ....... 20 00
Interest and dividends to stockholders, . . . . . 10,804 20
Commissions or brokerage, 23,857 49
Salaries, fees, etc., of officers and employees, . . . 11,205 82
Rents 400 00
Repairs and expenses on real estate, 495 68
Real estate taxes, $945.02; other taxes and fees, $3,501.45, . 4,446 47
Interest on borrowed money, 4,668 08
All other disbursements, 6,412 23
Total disbursements, . $439,981 16
Balance, $385,833 79
Ledger Assets.
Real estate, $ 41,850; mortgages, $149,115.04, . . . $ 190,965 04
Stocks and bonds (Schedule A), 159,309 00
Cash in banks and office, 14,275 36
Agents' balances, 21,284 39
Total ledger assets, . . $385,833 79
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $1,473.34; stocks and bonds, §3,511.94, . . 4,985 28
Rents accrued on company's property, 665 46
Gross assets, $391,484 53
Assets not admitted.
Agents' balances over three months due, .... 320 34
Total admitted assets, $ 39 1,164 19
Liabilities.
Unpaid losses, $6,146 98
Unearned premiums on outstanding risks, $101,913.81 ; plus
same on disallowed reinsurance, $4,730.84, . . . . 106,644 65
Reclaimable on perpetual fire policies, ..... 623 37
Dividends due stockholders, 612 40
Salaries and other miscellaneous expenses, due or accrued, . 250 00
Due for return premiums, $ 3,566. 21 ; reinsurance, $1,121.82, 4,688 03
All liabilities, except capital and surplus, . . . $118,965 43
Surplus to policv holders, .... $272,198 76
Paid-up capital, 200,000 00
Surplus over capital and general liabilities, .... 72,198 76
Total liabilities, $391,164 19
GERMAN FIRE INSURANCE CO. OF PEORIA.
215
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,.
Risks expired and terminated,
In force at end of year,
Amount reinsured, .
Net amount in force, .
. $23,506,240 00
. 16,347,405 00
,853,645 00
16,688,589 00
$23,165,056 00
1,345,416 00
Premiums.
$204,702 72
151,336 20
$356,038 92
147,242 62
$208,796 30
14,698 87
. $21,819,640 00 $ 194,097 43
Perpetual risks in force (not included above), $22,275 00 $623 37
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses. incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (5.5 per cent.),
Company's stock owned by directors, ....
Schedule A.
Stocks and Bonds owned by the Company.
United States bonds, .
68,700 shares Baltimore City stock, .
150
50
78
28
40
100
100
Merchants' & Miners' Trans. Co,
National Mechanics' Bank,
German Bank,
Second National Bank,
German American Bank, .
Western National Bank,
U. S. Fidelity & Guaranty Co.,
Book Value.
$21,000 00
76,359 00
25,950 00
1,400 00
8,190 00
5,320 00
4,240 00
4,000 00
12,850 00
^,260,045 00
851,074 00
377,357 00
277,080 00
11,000 00
42,125 00
Market Value.
$21,000 00
76,359 00
25,950 00
1,400 00
8,190 00
5,320 00
4,240 00
4,000 00
12,850 00
$159,309 00 $159,309 00
"GERMAN FIRE INSURANCE COMPANY OF PEORIA,"
PEORIA, ILL.
[Incorporated May 1, 1876. Commenced business May 10, 1876.]
Paid-up Capital, $200,000.
BERNARD CREMER, President. CHARLES CREMER, Secretary.
Home Office, 124 Bridge Street.
Income.
Net fire premiums $510,214 82
Interest on mortgage loans, $20,660. 11; collaterals,$2,188.75 ;
stocks and bonds, $5,600, 28,448 86
Rents 84 10
Total income, $538,747 78
Lodger assets, Dec. 31, 1903, 666,784 02
Total $1,205,531 80
216
GERMAN FIRE INSURANCE CO. OF PEORIA.
Disbursements.
Net amount paid for fire losses,
Interest and dividends to stockholders, ....
Commissions or brokerage
Salaries, fees, etc., of officers and employees, .
Rents,
Repairs and expenses on real estate, ....
Real estate taxes, $51.64; othertaxes and fees, $8,240.19,
All other disbursements,
Total disbursements, .
Balance,
$316,391 25
27,000 00
142,904 67
8,412 00
600 00
21 00
8,291 83
20,905 80
$524,526 55
f681,005 25
Ledger Assets.
Real estate, $16,000; mortgages, $261,681.10,
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B), .
Cash in banks, .
Agents' balances,
$277,681 10
44,011 94
162,429 81
'127,837 47
69,044 93
Total ledger assets, $681,005 25
Non-Ledger Assets.
Interest accrued : —
On mortgages, $6,676.03; stocks and bonds, $4,100
lateral loans, $1,130.85,
Rents accrued on company's property,
Market value of real estate'over book value, .
Market value of stocks and bonds over book value,
All other,
col-
11,906 88
240 00
5,000 00
40,390 19
5,000 00
Gross assets, $743,542 32
Liabilities.
Unpaid losses,
Unearned premiums on outstanding risks, $381,652.34; plus
same on disallowed reinsurance, $3,034.28, .
All liabilities, except capital and surplus,
Surplus to policy holders, .
Paid-up capital,
Surplus over capital and general liabilities, .
Total liabilities,
$337,146 04
$21,709 66
384,686 62
$406,396 28
200,000 00
137,146 04
$743,542 32
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, . . .
Net amount in force, .
$39,595,175 00
40,870,402 00
,465,577 00
23,599,887 00
$56,865,690 00
1,078,046 00
Premiums.
$513,421 02
625,432 10
$1,138,853 12
444,890 16
$693,962 96
13,038 50
. $55,787,644 00 $680,924 46
GERMAN FIRE INSURANCE CO.
217
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (13.5 per cent.),
Company's stock owned by directors, ....
Schedule A.
Securities held as Collateral.
200 shares Com. Ger. Nat'l B'k, Peoria, 111.,
100
41
37
25
50
5
10
Colburn, Birks & Co., Peoria, 111.,
Commer. Ger. N'l B'k, Peoria, 111.,
Commer. Ger. N'l B'k, Peoria, 111.,
National Hotel Co., Peoria, 111.,
State Bank, Chicago,
People's Loan Asso. (paid up),
Commercial German Nat'l Bank,
Schedule B.
Market Value.
$45,000 00
12,500 00
9,225 00
8,325 00
2,500 00
13,000 00
500 00
2,250 00
$4,913,447 00
1,901,643 00
320,000 00
320,000 00
27,000 00
167,000 00
Loaned Thereon.
$15,672 95
8,000 00
6,000 00
5,000
7,354
234
1,750
00
59
40
00
$93,300 00 $44,011 94
Stocks and Bonds owned by the Company.
C. & A. R.R. bonds
City of Peoria bonds, .
83 shares Peoria National Bank, .
255 " Commercial German Nat'l Bank,
125 " Home Savings and State Bank,
121 " State B'k & Tr. Co., Los Angeles,
100 " American Nat'l Bank, Los Angeles
100 " Bankers' National Bank, Chicago,
50 " American Trust Bank, Chicago,
85 " Nat'l Bank of North America,
50 " Loan Association, Denver,
50 " Selby, Starr & Co. Plant,
Book Value.
$8,500 00
28,300 00
9,545 00
38,720 81
12,675 00
12,100 00
11,500 00
18,654 00
8,985 00
5,950 00
5,000 00
2,500 00
Market Value.
$8,500 00
31,130 00
12,450 00
57,375 00
18,750 00
13,915 00
12,500 00
20,000 00
11,000 00
5,950 00
6,250 00
5,000 00
$162,429 81 $202,820 00
"GERMAN FIRE INSURANCE COMPANY OF THE CITY OF
PITTSBURGH," PITTSBURGH, PA.
[Incorporated March 27, 1862. Commenced business July, 1862.]
Paid-up Capital, $200,000.
A. E. SUCCOP, President. A. H. ECKERT, Secretary.
Home Office, 216 4th Avenue.
Income.
Net fire premiums, $494,839 97
Interest on mortgage loans,f 10,473.29 ; collaterals, $4,091.50 ;
stocks and bonds, $6,562.90, 21,127 69
Rents, including company's own occupancy, .... 9,238 03
Total income,
Ledger assets, Dec. 31, 1903, .
$525,205 69
616,990 68
Total, $1,142,196 37
218
GEEMAN FIRE INSURANCE CO.
Disbursements.
Net amount paid for fire losses, $222,868 94
Interest and dividends to stockholders, 20,000 00
Commissions or brokerage, 132,321 64
Salaries, fees, etc., of officers and employees, .... 20,033 27
Rents, including company's own occupancy, .... 5,000 00
Repairs and expenses on real estate, 4,303 46
Real estate taxes, 81,148.08; other taxes and fees, $ 11,115. 13, 12,263 21
All other disbursements, 38,746 39
Total disbursements, $455,536 91
Balance, $686,659 46
Ledger Assets.
Real estate, $125,823.74; mortgages, $263,037.20, . . $388,860 94
Loans secured by collateral (Schedule A), .... 59,38000
Stocks and bonds (Schedule A), 110,927 64
Cash in banks, 62,279 36
Agents' balances, ....*..... 65,211 52
Total ledger assets, $686,659 46
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $3,912.80 ; stocks and bonds, $344.50,
Market value of real estate over book value, .
Market value of stocks and bonds over book value,
Gross assets,
4,257 30
22,176 26
33,648 61
$746,741 63
Liabilities.
Unpaid losses, $47,089 . 10 ; less reinsurance, $6,705 . 78, .
Unearned premiums on outstanding risks, $392,139.24; plus
same on disallowed reinsurance, $22,688.78,
Salaries and other miscellaneous expenses, due or accrued, .
Commissions and other charges due agents and brokers,
$40,383 32
414,828 02
2,689 56
1,187 88
$459,088 78
200,000 00
87,652 85
Total liabilities, $746,741 63
All liabilities, except capital and surplus,
Surplus to policy holders, .
Paid-up capital, % .
Surplus over capital and general liabilities, .
$287,652 85
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force,.
. $58,993,155 00
. 55,007,372 00
$114,000,527 00
. 45,097,488 00
.$68,903,039 00
. 5,460,601 00
Premiums.
$693,603 70
656,308 20
1,349,911 90
536, 438 00
$813,473 90
72,861 68
. $63,442,438 00 $740,612 22
GERMAN FIRE INSURANCE CO.
219
Miscellaneous.
Premiums received from organization of company.
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Stock dividends declared from organization of company
Dividends declared during the year (10 per cent.),
Company's stock owned by directors,
$7,576,448 00
3,688,547 00
233,130 00
818,000 00
150,000 00
20,000 00
27,450 00
Schedule A.
Securities held as Collateral.
135 shares
10
tt
40
k
10
it
10
it
125
cc
70
(«
20
It
130
tt
10
tt
14
tt
40
It
250
(t
25
tt
75
tt
100
tt
500
tt
Pittsburg Brewing Co., .
VVestinghouse Air Brake Co.,
D. Lutz Brewing Co.,
Diamond National Bank,
McKees Rocks Trust Co.,
Manufacturers 1 Light & Heat Co.,
Pittsburg Brewing Co., .
Manufacturers' Light & Heat Co.,
Am. Foundry & Construction Co.,
Mortgage Banking Co., .
Diamond National Bank,
Westinghouse Elec. & Manuf. Co
Pittsburg Brewing Co., .
Consolidated Ice Co.,
Lustre Mining Co., .
Am. Window Glass & Machine Co.,
Pennsylvania R.R. Co., .
Schedule B.
Loaned Thereon.
$3,000 00
1,000 00
1,500 00
Market Value.
$3,645 00
1,460 00
3,000 00
4,250 00
1,100 00
4,937 50
1,890 00
790 00
13,000 00
1,250 00
5,950 00
3,600 00
6,750 00
225 00 !> 40,000 00
900 00
1,650 00
25,000 00
3,800 00
2,680 00
500 00
400 00
5,500 00
1,000 00
$79,397 50 $59,380 00
Stocks and Bonds owned by the Company.
Alleppo township school bonds,
Millvale, Etna & Sharpsburg St. R'y bonds,
Pitts & Birmingham Traction Co. bonds,
100 shares German Nat'l Bank, Pittsburg,
100 " Third National Bank, Pittsburg,
100 " Exchange Nat'l Bank, Pittsburg,
100 " Allegheny Nat'l Bank, Pittsburg,
43 " Bank of Pittsburg, N. A.,
6 " Metropolitan Nat'l Bank, Pitts.,
10 " Fifth Avenue Bank, Pitts., Pa.,
75 " First National Bank, Allegheny,
90 " Second Nat'l Bank, Allegheny,
Book Value.
Market Value.
$1,400 00
$1,400 00
11,891 25
12,966 25
8,368 89
9,280 00
17,500 00
25,000 00
15,053 50
15,000 00
8,053 00
8,700 00
7,260 50
13,500 00
3,526 00
7,310 00
900 00
1,140 00
500 00
780 00
12,564 50
11,250 00
23,910 00
38,250 00
$110,927 64 $144,576 25
220 GERMANIA FIRE INSURANCE CO.
"GERMANIA FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated March 2, 1859. Commenced business March 2, 1859.]
Paid-up Capital, $1,000,000.
HUGO SCHUMANN, President. GUSTAV S KEHR KHAVER ' \ Secretaries.
Home Office, 62 William Street.
Income.
Net fire premiums, $2,414,277 21
Interest on mortgage loans, $17,062.11; stocks and bonds,
$188,579.86; all other, $11,444.42 217,086 39
Rents, 24,702 04
Profit on sale or maturity of ledger assets, .... 54,097 99
Total income $2,710,163 63
Ledger assets, Dec. 31, 1903, 6,000,707 98
Total, $8,710,871 61
Disbursements.
Net amount paid for fire losses, $1,301,614 48
Interest and dividends to stockholders, 200,000 00
Commissions or brokerage, 502,213 71
Salaries, fees, etc., of officers and employees, .... 172,530 97
Rents, 23,989 50
Repairs and expenses on real estate, 16,868 83
Real estate taxes, $8,323 . 80 ; other taxes and fees, $63,966 . 55, 72,290 35
Profit and loss, 43,462 18
All other disbursements, 105,165 42
Total disbursements, $2,438,135 44
Balance, $6,272,736 17
Ledger Assets.
Real estate, $650,000 ; mortgages, $326,500, .
Stocks and bonds (Schedule A),
Cash in banks and office,
Agents 1 balances,
Cash in hands of department managers, .
$976,500 00
4,623,528 38
286,608 08
360,589 73
25,509 98
Total ledger assets, $6,272,736 17
Non-Ledger Assets.
Interest accrued on mortgages, ...... 7,736 25
Rents due and accrued on company's property, . . . 1,904 14
Market value of stocks and bonds over book value, . . 73,444 62
Gross assets,* $6,355,821 18
* Including $500,000 special reserve held under New York law.
GERMANIA FIRE INSURANCE CO.
221
Assets not admitted.
Agents 1 balances over three months due,
Special deposits less $58,068.26 liab. thereon,
Total unadmitted assets, .
Total admitted assets,
$3,121 45
69,044 74
$72,166 19
1,283,654 99
Liabilities.
Unpaid losses, including $24,150.62 resisted, $233,020.90;
less reinsurance, 150,053.35, $182,967 55
Unearned premiums on outstanding risks, $2,524,219.17;
plus same on disallowed reinsurance, $5,264.42, . . 2,529,483 59
Unpaid commissions, 6,287 51
All liabilities, except capital and surplus, . . . $2,718,738 65
Surplus to policy holders, .... $3,564,916 34
Paid-up capital, 1,000,000 00
Surplus over capital and general liabilities, .... 2,564,916 34
Total liabilities, $6,283,654 99
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
$493,547,848 00 $4,564,038 29
. 334,668,317 00 3,248,342 34
Total
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, .
Net amount in force, .
$828,216,165 00 $7,812,380 63
. 279,309,028 00 2,650,856 67
$548,907,137 00 $5,161,523 96
. 43,506,532 00 416,436 25
$505,400,605 00 $4,745,087 71
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (20 per cent.),
Company's stock owned by directors, . ...
$43,464,455 00
21,501,682 00
1,336,520 00
4,011,000 00
200,000 00
211,050 00
Schedule A.
Stocks and Bonds owned by the Company.
Book Value. Market Vaiue.
$419,437 50 $416,000 00
157,500 00 156,000 00
' 605,000 00 600,000 00
10,250 00 10,300 00
52,024 00 53,663 00
5,953 08 5,850 00
5,221 47 5,300 00
253,407 36 255,000 00
United States bonds, .
United States bonds, .
District of Columbia bonds,
Georgia State bonds,
Richmond city bonds,
Territory of New Mexico bonds,
Territory of New Mexico bonds,
Corporate stock of the City of N. Y
222
GERMAN! A FIRE INSURANCE CO.
Corporate stock of the City of N. Y.,
American Dock & Improvement Co. bonds,
Baltimore & Ohio R.R. Co. bonds, .
Broadway & 7th Avenue R.R. Co. bonds,
Brooklyn Union R.R. Co. bonds,
Chesapeake & Ohio R'y Co. bonds, .
Chesapeake & Ohio R'y Co. bonds, .
Chicago, Burl. & Quincy R.R. Co. bonds,
Chicago, Mil. & St. Paul R'y Co. bonds, .
Chicago & Northwestern R'y Co. bonds, .
Chicago & Northwestern R'y Co. bonds, .
Chicago, St. Louis & New Orleans R.R. bonds
Clew, Col., Cin. & Ind. R'y Co bonds, .
Consolidated Gas Co of N. Y. bonds,
Denver & Rio Grande R.R. Co. bonds, ' .
Dry Dock, E Broadway & Battery R.R. b'ds,
East Tenn., Va & Ga. R'y Co. bonds,
Edison Electric Ilium. Co. bonds, .
Evansville & Terra Haute R.R. Co. bonds,
Flint & Pere Marquette R.R. Co. bonds, .
Kentucky Central R.R. Co. bonds, .
Lake Erie & Western R.R. bonds, .
Lehigh Valley R'y Co of N. Y. bonds, .
Long Island R.R. Co. bonds, . . :
Long Island R.R. Co. bonds, .
Milwaukee & Northern R.R. Co. bonds, .
Missouri, Kan. & Texas R'y Co. bonds, .
Missouri Pacific R'y Co. bonds,
Morgans, La. & Tex. R.R. & S.S. Co. bonds,
Nash., Chatt. & St. Louis R'y Co. bonds, .
Nor. Pacific-Gt. Northern, C, B. & Q. bonds,
N. Y., Brook. & Manhat. Beach R'y Co. bonds
N. Y., Ontario & Western R'y Co. bonds,
Oregon Short Line R.R. bonds,
Richmond & Danville R.R. bonds, .
St. Louis & San Francisco R.R. bonds,
St. Paul & Northern Pacific R'y bonds,
Tenn. Coal, Iron & R.R. bonds,
Third Avenue R R. bonds,
Toledo & Ohio Central R'y bonds,
Union Pacific R.R. bonds, .
Wabash R.R. bonds, .
Western N. Y. & Pa. R.R. bonds,
Wheeling & Lake Erie R.R. bonds,
Atchison, Topeka & Santa Fe R R. Co. stock,
Atchison, Topeka & Santa Fe R.R. Co. stock,
Baltimore & Ohio R.R. Co, stock,
Baltimore & Ohio R.R. Co. stock, .
Broadway & Seventh Avenue R.R. Co. stock,
Chicago, Mil. & St. Paul R'y Co. stock, .
Chicago, Mil. & St. Paul R'y Co. stock, .
Denver & Rio Grande R.R. Co. stock,
German American Bank stock,
Illinois Central stock
Manhattan R'y Co. stock, ....
Missouri Pacific R.R. Co. stock,
National Park Bank stock,
N. Y., Chicago & St. Louis R.R. Co. stock,
Norfolk & Western R'y Co. stock, .
Pullman Co. stock,
25
50
25
00
25
25
25
25
75
50
25
50
25
Book Value.
$282,973 45
28,531 25
6,000 00
58,062 50
13,050 00
29,057 50
25,468 75
53,062 50
28,781 25
39,640 00
47,238 75
31,781 25
31,301
89,427
28,541
10,500
28,781
27,696
30,281
26,881
21,218
58,687
25,031
49,937
16,871
28,343 75
24,781 25
29,593 75
32,531 25
28,031 25
33,636 37
25,125 00
50,687 50
23,000 00
58,437 50
8,262
19,526
28,021
47,812
37,493 75
10,000 00
58,150 00
28,031 25
22,781 25
46,250 00
97,112 50
56,000 00
96,250 00
30,118 77
82,812 50
27,543 75
113,512 50
11,207 63
94,250 00
27,925 00
129,062
13,165
130,187
45,962
217,475
50
25
25
50
50
00
50
50
00
Market Value.
$255,000 00
28,500 00
6,180 00
58,500 00
16,500 00
30,900 00
27,000 00
53,000 00
28,250 00
41,400 00
44,850 00
30,750 00
33„250 00
89,500 00
35,700 00
10,800 00
30,250 00
26,000 00
30,750 00
27,750 00
25,000 00
60,000 00
27,750 00
50,000 00
17,400 00
27,500 00
25,750 00
30,750 00
32,250 00
28,750 00
50,000
28,500
52,500
24,250
59,000
9,000
20,000
28,000 00
48,500 00
40,250 00
11,300 00
59,000 00
29,750 00
23,250 00
43,000 00
100,000 00
57,680 00
94,000 00
35,700
85,000
27,450
102,000
15,375
90,000 00
32,600 00
127,200 00
39,675 00
130,800 00
46,500 00
232,000 00
00
00
00
00
00
00
00
00
00
00
00
00
GIRARD FIRE AND MARINE INSURANCE CO.
223
Southern R'y Co. stock,
St. Louis & San Fran. R.R. Co. stock,
Underwriters' Salvage Co. stock,
Union Pacific R.R. Co. stock, .
Western Union Telegraph Co. stock,
Book Value.
|65,825 00
62,750 00
1,000 00
38,062 50
45,212 50
Market Value.
166,500 00
61,600 00
1,000 00
48,000 00
45,500 00
$4,623,528 38 $4,696,973 00
"GIRARD FIRE AND MARINE INSURANCE COMPANY,"
PHILADELPHIA, PA.
[Incorporated March 26, 1853. Commenced business May 2, 1853.]
Paid-up Capital, $300,000.
ALFRED S. GILLETT, President. EDWIN F. MERRILL, Secretary.
Home Office, 633 Chestnut Street.
Income.
Net fire premiums, . *
Deposit premiums on perpetual risks,
Interest on mortgage loans, $33,272.96 ; collaterals, $3,789. 66
stocks and bonds, $35,785.93 ; all other, $1,040.20,
Rents, including company's own occupancy, .
Profit on sale or maturity of ledger assets,
From all other sources,
Total income, .
Ledger assets, Dec. 31, 1903, . .
$544,487 29
25,801 30
73,888 75
16,896 86
19,309 62
1,226 50
$681,610 32
1,948,287 93
Total,
Disbursements.
Net amount paid for fire losses,
Deposit premiums returned,
Interest and dividends to stockholders, .....
Commissions or brokerage,
Salaries, fees, etc., of officers and employees, ....
Rents, including company's own occupancy, ....
Repairs and expenses on real estate,
Real estate taxes, $5,915.88 ; other taxes and fees, $11,480. 13,
Loss on sale or maturity of ledger assets, ....
All other disbursements,
Total disbursements,
Balance,
Ledger Assets.
Real estate, $262,693.95 ; mortgages, $598,000,
Loans secured by collateral (ground lots),
Stocks and bonds (Schedule A),
Cash in banks and office, .
Agents 1 balances,
Bills receivable, not matured, .
All other ledger assets, .
Total ledger assets,
$2,629,898
25
$213,669
21
36,108
52
67,500 00
137,785
65
57,601
34
7,937
00
6,409
22
17,396
01
16,366
28
31,503 79
$592,277
02
$2,037,621 23
$860,693 95
104,100 00
891,008
20
82,577
69
80,219
70
13,494
50
5,527
19
$2,037,621
23
224
GIRARD FIRE AND MARINE INSURANCE CO.
Non-Ledger Assets.
Interest accrued : —
On mortgages, $8,140.82; stocks and bonds, $11,081.26
lateral loans, $1,394.75,
Rents accrued on company's property,
Market value of real estate over book value, .
Market value of stocks and bonds over book value,
Reinsurance due on losses paid, ....
Gross assets,
col-
$20,616
83
200 00
54,956
05
27,021
80
847
88
$2,141,263
79
Assets not admitted.
Agents' balances over three months due,
Total admitted assets, ....
8,159 72
. $2,133,104 07
Liabilities.
Unpaid losses, including $1,400 resisted, $31,880.91; less
reinsurance, $1,388.73, $30,492 18
Unearned premiums on outstanding risks, .... 511,022 55
Reclaimable on perpetual fire policies, 622,989 30
Commissions and other charges due agents and brokers, . 737 86
Due for return premiums, $347.01 ; reinsurance, $2,561.72, . 2,908 73
All liabilities, except capital and surplus,
Surplus to policy holders, .
Paid-up capital,
Surplus over capital and general liabilities, .
$964,953 45
. $1,168,150 62
300,000 00
664,953 45
Total liabilities, $2,133,104 07
Fire risks outstanding Dec. 31, 1903
Fire risks written during 1904,
Risks and Premiums.
Premiums.
. $96,443,257 00 $912,214 04
. 68,853,718 00 697,069 23
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
$165,296,975 00 $1,609,283 27
. 53,775,284 00 556,347 33
$111,521,691 00 $1,052,935 94
. 7,140,766 00 82,246 57
$104,380,925 00 $970,689 37
Perpetual risks in force (not included above),. $33,285,119 00 $692,210 33
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (22.5 per cent.),
Company's stock owned b} 7 directors, ....
117,092,409 00
6,594,232 00
220,966 00
2,324,694 00
67,500 00
42,700 00
GIRARD FIRE AND MARINE INSURANCE CO.
225
Schedule A.
Stocks and Bonds owned by the Company.
City of Philadelphia bonds,
County of St. Louis Park bonds,
City of Seattle, Wash., bonds, .
State of Georgia bonds, .
City of Camden, N. J., bonds, .
City of Duluth, Minn., bonds, .
Pennsylvania R.R. bonds, ....
Phila., Wilm. & Baltimore R.R. bonds, .
Phila., Wilm. & Bait. R.R. bonds, .
Pitts., Cin., Chic. & St. Louis R.R. bonds,
Delaware R.R. bonds, ....
Lehigh Valley R'y Co. bonds, .
Lehigh Valley R.R. bonds, ...
Lynn & Boston R.R. bonds,
Philadelphia & Read. R.R. Co. Terminal bonds
Schuylkill Valley Traction Co. bonds,
Kansas City Southern R'y bonds,
Lehigh Coal & Navigation Co. bonds,
American R'ys Co bonds,
Chesapeake & Ohio R.R. Co. bonds,
Fort Pitt Traction Co., Pittsburgh, bonds,
Toledo, St. Louis & Western R.R. Co. bonds,
Philadelphia Co. bonds, ....
Consolidated Traction Co. of N. J. bonds,
Connecticut Railway & Lighting Co. bonds,
Norfolk & Western R'y equipment trust bonds
Southern R'y Car trust bonds, .
Lehigh Valley R.R. bonds,
Wilkensburg & E. Pittsburg St. R'y Co. bonds
North Hudson County R.R. Co. bonds, .
Public Service Corporation of N. J. bonds,
Hutchison Water, Light & Power Co. bonds,
Hudson River Gas & Electric Co. bonds, .
Glens Falls Gas & Electric Light Co. bonds,
Consolidated Gas Co. of Pittsburgh, Pa., bonds
Hamilton Real Estate Co. bonds,
Chicago Suburban Water & Light Co. bonds,
Elmira Water, Light & R.R. Co. bonds,
Westchester Lighting Co. bonds,
Missouri River Power Co. bonds,
Economy Light & Power Co bonds,
William Cramp & Sons Co. bonds, .
Elgin American Gas Co. bonds,
Altoona Gas Co. bonds,
Rockford Gas Light & Coke Co. bonds,
Lehigh & Wilkesbarre Coal Co. bonds,
Kingston Gas & Electric Co. bonds,
45 shares Phila. & Darby Pass. R'y Co.,
210 " Pennsylvania R.R. Co., .
121 " Lehigh Coal & Navigation Co.
300 " Philadelphia Traction Co.,
200 " Metropolitan St. R'y Co.,
100 " Ohio & Little Kanawha R.R. Co.,
320 " Penn. Salt Manufacturing Co.,
00
50
00
00
00
00
00
50
Book Value.
$55,513 15
10,256 67
50,000 00
28,000 00
20,417 54
15,300 00
9,342 00
50,721 25
20,200 00
10,500 00
6,353 25
10,142 50
10,180 00
25,500 00
60,562 50
9,500 00
13,825
10,237
5,100
9,655
11,794 44
12,600 00
9,975
10,400
9,775
9,811
10,037 50
29,400 00
11,100 00
26,125 00
14,700 00
6,000 00
20,600 00
10,189 03
16,937 50
9,600 00
10,231 96
10,301
15,381
10,728
15,000
11,065
10,120 83
5,000 00
9,900 00
10,112 50
4,850 00
2,250 00
11,900 00
5,812 50
29,062 50
24,975 00
31,032 64
39
25
33
00
28
Market Value.
$52,800 00
10,100 00
53,500 00
25,750 00
21,400 00
16,800 00
11,100 00
51,500 00
20,800 00
11,300 00
6,600 00
10,800 00
10,500 00
28,250 00
61,500 00
10,000 00
14,200 00
10,000 00
5,000 00
10,000 00
11,500 00
13,350 00
10,000 00
10,700 00
9,800 00
9,800 00
10,000 00
29,400 00
11,100 00
26,000 00
14,700 00
6,000 00
21,000 00
10,000 00
16,500 00
9,600 00
10,000 00
10,300 00
16,650 00
10,500 00
15,300 00
11,000 00
10,000 00
5,000 00
10,000 00
10,200 00
4,850 00
1,800 00
14,490 00
13,310 00
29,400 00
24,000 00
1,300 00
33,600 00
226 GLENS FALLS INSURANCE CO.
Book Value. Market Value.
100 shares Continental Title & Trust Co., . $2,500 00 $3,800 00
40 " Philadelphia Bourse, . . . 1,500 00 180 00
200 " United Gas Improvement Co., . 18,932 69 21,000 00
$891,008 20 f918,030 00
"GLENS FALLS INSURANCE COMPANY," GLENS FALLS, N. Y.
[Incorporated May, 1849. Commenced business May, 1850.]
Paid-up Capital, $200,000.
J. L. CUNNINGHAM, President. R. A. LITTLE, Secretary.
Home Office, Corner Bay and Glens streets,
Income.
Net fire premiums, $1,369,356 35
Interest on mortgage loans, $45,236.56; collaterals, $185;
stocks and bonds, $135,918 ; all other, $9,639.80, . . 190,979 36
Rents, 3,482 63
Profit on sale or maturity of ledger assets, .... 45,651 61
Total income, $1,609,469 95
Ledger assets, Dec. 31, 1903, 3,974,982 91
Total, $5,584,452 86
Disbursements.
Net amount paid for fire losses, $808,449 87
Interest and dividends to stockholders, 120,000 00
Commissions or brokerage, 307,201 95
Salaries, fees, etc., of officers and employees, .... 88,850 01
Real estate taxes, $2,163.35 ; other taxes and fees, $59,154.80, 61,318 15
All other disbursements, 101,461 31
Total disbursements $1,487,281 29
Balance, $4,097,171 57
Ledger Assets.
Real estate, $50,750.23; mortgages, $775,507.37, .
Loans secured by collateral (Morris & Essex R.R. bonds,),
Stocks and bonds (Schedule A),
Cash in banks and office, .......
Agents 1 balances,
Bills receivable, not matured,
$826,257 60
3,700 00
2,382,785 00
731,095 40
152,533 57
800 00
Total ledger assets, $4,097,171 57
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $2,023.60; stocks and bonds, $7,236.25;
other assets, $891, 10,150 85
Market value of stocks and bonds over book value, . . 89,470 00
Gross assets,* $4,196,792 42
* Including $200,000 special reserve held under New York law.
GLENS FALLS INSURANCE CO.
227
Assets not admitted.
Agents' balances over three months due,
Special deposits less $24,038 liab. thereon,
Depreciation of ledger assets, ....
Total unadmitted assets, . . . . —
Total admitted assets,
17
66,962 00
20,000 00
$87,658 17
L,109,134 25
Liabilities.
Unpaid losses, including $10,455 resisted, $94,943.53 ; less re-
insurance, $17,413.93, $77,529 60
Unearned premiums on outstanding risks, $1,386,443.46 ; plus
same on disallowed reinsurance, $2,261.10, . . . . 1,388,704 56
Salaries and other miscellaneous expenses, due or accrued, . 3,500 00
All liabilities, except capital and surplus, . . . $1,469,734 16
Surplus to policy holders, .... $2,639,400 09
Paid-up capital 200,000 00
Surplus over capital and general liabilities, .... 2,439,400 09
Total liabilities, $4,109,134 25
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
$241,907,101 00
. 150,466,085 00
$392,373,186 00
. 129,784,613 00
$262,588,573 00
. 24,333,504 00
Premiums.
$2,755,105 36
1,825,041 93
$4,580,147 29
1,599,723 93
$2,980,423 36
332,437 35
$238,255,069 00 $2,647,986 01
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (60 per cent.), .
Company's stock owned by directors, ....
$25,130,983 00
11,880,831 00
830,191 00
1,300,000 00
120,000 00
76,850 00
Schedule A.
Stocks and Bonds owned by the Company.
Syracuse, Binghampton & N. Y. R.R. bonds,
Morris & Essex R.R bonds,
West Shore R.R. bonds, .
Union Pacific R R. bonds, .
Baltimore & Ohio R.R. bonds, .
Central R.R. of New Jersey bonds,
United States bonds, .
International Paper Co. bonds,
Book Value.
$53,000 00
50,000 00
50,000 00
50,000 00
50,000 00
50,000 00
58,000 00
305,000 00
Market Value.
00
00
00
00
$56,445
63,000
54,000
50,000
50,000 00
65,000 00
73,560 00
315,000 00
22S
GRANITE STATE FIRE INSURANCE CO.
Pendleton City, Ore., bonds,
Hudson River Pulp and Paper Co. bonds,
Gould Paper Co. bonds, .
Georgia State bonds,
Richmond city, Va., bonds,
Saratoga Springs, N. Y., bonds,
German Trust Co., Davenport, bonds,
J. & J. Rogers Co. bonds,
New York City bonds,
Union Pacific R.R. stock, .
First Natl Bank, Glens Falls, N. Y., stock,
Glens Falls N'l Bank, Glens Falls, N. Y., st'k,
Mt. Kisco Nat'l Bank, Mt. Kisco, N. Y., stock,
Cleveland Trust Co., Cleveland, Ohio, stock, .
Iron City Trust Co., Pittsburg, Pa., stock,
Luzerne Co. Trust Co., Wilkesbarre, Pa., st'k,
Chicago Great Western R.R. stock, .
Book Value.
$50,000 00
320,000 00
562,000 00
25,000 00
11,000 00
5,000 00
70,000 00
328,000 00
106,160 00
45,000 00
10,000 00
2,500 00
5,000 00
10,000 00
57,000 00
20,000 00
90,125 00
Market Value.
$55,000 00
320,000 00
562,000 00
25,000 00
11,000 00
5,000 00
70,000 00
328,000 00
102,000 00
47,500 00
30,000 00
5,000 00
8,750 00
15,000 00
56,000 00
20,000 00
85,000 00
$2,382,785 00 $2,472,255 00
"GRANITE STATE FIRE INSURANCE COMPANY/'
PORTSMOUTH, N. H.
[Incorporated July 17, 1885. Commenced business Nov. 12, 1885.]
Paid-up Capital, $200,000.
CALVIN PAGE, President. ALFRED F. HOWARD, Secretary.
Home Office, 32 Congress Street.
Income.
Net fire premiums,
Interest on mortgage loans, $374.50; stocks and bonds,
$20,475; all other, $821.76,
Rents, including company's own occupancy, .
Profit on sale or maturity of ledger assets,
Total income,
Ledger assets, Dec. 31, 1903,
Total,
Disbursements.
Net amount paid for fire losses,
Interest and dividends to stockholders, ....
Commissions or brokerage,
Salaries, fees, etc., of officers and employees, .
Rents, including company's own occupancy, .
Repairs and expenses on real estate, ....
Real estate taxes, $536.75 ; other taxes and fees, $8,451 .88,
Loss on sale or maturity of ledger assets, . .
Profit and loss,
All other disbursements,
,180 67
Total disbursements, .
Balance, $714,263 30
21,671
26
3,473 50
64 40
. $434,389
83
686,377
16
. $1,120,766
99
. $247,112
89
12,000 00
79,802
21
14,540 00
1,500 00
309
02
8,988 63
6,756 07
9,245
07
26,249
80
. $406,503
69
GRANITE STATE FIRE INSURANCE CO.
229
Ledger Assets
Real estate, $38,810.59 ; mortgages, $8,000,
Stocks and bonds (Schedule A),
Cash in banks and office, ....
Agents' balances, . . . . .
Total ledger assets,
Non-Ledger Assets.
Interest accrued : —
On mortgages, $ 179.60 ; stocks and bonds, $2,668.72,
Rents due and accrued on company's property,
Reinsurance due on losses paid, ....
Gross assets,
Assets not admitted.
Depreciation in book value of ledger assets, .
Total admitted assets, ....
$46,810 59
574,817 20
50,053 23
42,582 28
$714,263 30
2,848 32
583 98
300 63
$717,996 23
31,996 79
$685,999 44
Liabilities.
Unpaid losses, including $2,700 resisted,
reinsurance, $9,647.27, .
Unearned premiums on outstanding risks,
Due for reinsurance premiums,
All liabilities, except capital and surplus,
Surplus to policy holders, .
Paid-up capital,
Surplus over capital and general liabilities, .
,701.23; less
$327,731 42
$37,053 96
314,795 64
6,418 42
$358,268 02
200,000 00
127,731 42
Total liabilities, $685,999 44
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, ....
Net amount in force, .
. $63,087,852 00
. 39,167,396 00
$102,255,248 00
. 37,302,252 00
.$64,952,996 00
. 15,790,337 00
Premiums.
$767,008 08
553,761 47
$1,320,769 55
520,186 03
$800,583 52
186,282 80
.$49,162,659 00 $614,300 72
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
('ash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, . . .
58,970,621 00
3,959,468 00
235,229 00
180,000 00
12,000 00
36,500 00
230
GRANITE STATE FIRE INSURANCE CO.
Schedule A
Stocks and Bonds owned by the Company.
Massachusetts bonds,
Hillsborough County, N. H., bonds,
Rockingham County, N. H., bonds, .
Rockingham County, N. H., bonds, .
Columbia County, Wash., bonds,
Columbia County, Wash., bonds,
Boston, Mass., bonds,
Gloucester, Mass., bonds,
Quincy, Mass., bonds,
Maiden, Mass., bonds,
Taunton, Mass., bonds,
Newton, Mass., bonds,
Manchester, N. H., bonds,
Portsmouth, N. H.. bonds,
Dover, N. II., bonds,
Franklin, N. H., bonds,
Nashua, N. H., bonds,
Concord, N. H., bonds,
Laconia, N. H., bonds,
Littleton, N. H., bonds,
Pittsfield, N. H., bonds,
Peterboro, N. H., bonds,
Peterboro, N. H., bonds,
Rutland, Vt., bonds, .
Burlington, Vt., bonds,
New York, N. Y., bonds,
Milwaukee, Wis., bonds,
Cincinnati, Ohio, bonds,
Concord & Montreal R.R. bonds,
Concord & Montreal R.R. bonds,
Boston & Lowell R.R. bonds, .
Illinois Central R.R. bonds,
Fitchburg R.R. bonds, ....
N. Y. Central & Hudson River R.R. bonds,
Peterboro & Hillsboro R.R. bonds, .
The L. & Power Co. of St. Cloud, Minn., bonds
Boston & Maine R.R. stock,
Concord & Montreal R.R. stock (Class 1),
Concord & Montreal R.R. stock (Class 3),
Concord & Montreal R.R. stock (Class 4),
Illinois Central R.R stock,
N. Y. Cent. & Hartford River R.R. stock,
Pennsylvania R.R. stock, ....
Nashua Card, Gum. & Coated Paper Co. stfk,
Underwriters' Salvage Co of N. Y. stock,
Worcester, Nashua & Rochester R.R. stock,
Book Value.
$22,754 50
10,825 00
4,295 60
6,285 00
4,189 20
4,201 20
24,137 50
10,487 50
6,607 50
18,860 00
8,734 40
10,878 75
107,335 00
10,563 12
10,481 50
10,475 00
10,695 00
1,083
10,730
11,760
2,606
2,090
2,095
5,750
5,350
21,700
5,291
10,600
27,325
3,000
11,125
5,000
5,650
12,740 00
11,575 00
10,000 00
19,830 86
8,736 00
1,274 00
6,090 00
13,925 00
15,300 00
50,664 79
5,000 00
500 00
6,219 63
75
15
00
25
00
00
00
00
00
00
00
00
00
00
00
00
Market Value.
$21,200 00
10,623 00
4,226 00
6,000 00
4,143 00
4,156 00
22,346 00
10,000 00
6,537 00
17,802 00
8,415 00
9,855 00
100,960 00
10,448 00
10,259 00
10,000 00
10,428 00
1,064 00
10,713 00
12,000 00
2,581 00
2,053 00
2,061 00
5,350 00
5,251 00
20,000 00
5,000 00
10,000 00
26,485 00
3,000 00
10,419 00
4,700 00
5,311 00
13,000 00
11,000 00
8,000 00
22,663 00
8,736 00
1,274 00
6,475 00
15,650 00
14,200 00
45,954 00
5,000 00
500 00
7,293 00
$574,817 20 |553,131 00
HANOVER FIRE INSURANCE CO. 231
" HANOVER FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated April, 1852. Commenced business April, 1852.]
Paid-up Capital, $1,000,000.
CHARLES A. SHAW, President. JOSEPH McCORD, Secretary.
Home Office^ 34 Pine Street.
Income.
Net fire premiums, $2,685,568 76
Interest on mortgage loans, $175; stocks and bonds, $ 101, -
535.73; allother, |8,731.61, 110,442 34
Rents, including company's own occupancy, .... 20,660 76
Profit on sale or maturity of ledger assets, .... 58,959 51
Total income, $2,875,631 37
Ledger assets, Dec. 31, 1903, 3,787,974 40
Total, $6,663,605 77
Disbursements.
Net amount paid for fire losses, $1,794,471 72
Interest and dividends to stockholders, ..... 90,000 00
Commissions or brokerage, 518,790 09
Salaries, fees, etc., of officers and employees, .... 224,130 52
Rents, including company's own occupancy, .... 16,588 64
Repairs and expenses on real estate, 6,707 46
Real estate taxes, $9,620 . 65 ; other taxes and fees, $69,788 . 27, 79,408 92
Profit and loss, 3,497 98
All other disbursements, 223,905 78
Total disbursements $2,957,501 11
Balance, $3,706,104 66
Ledger Assets.
Real estate, $806,063.99; mortgages, $3,500, . . . . $809,563 99
Stocks and bonds (Schedule A), 2,404,13132
Cash in banks and office, 110,542 38
Agents' balances, 381,866 97
Total ledger assets, $3,706,104 66
Non-Ledger Assets.
Interest accrued : —
On mortgages, $14.58; stocks and bonds, $20,533.66, . . 20,548 24
Market value of real estate over book value, .... 29,631 25
Market value of stocks and bonds over book value, . , 345,199 18
Reinsurance due on losses paid, 14,021 67
Gross assets, $4,115,505 00
232
HANOVER FIRE INSURANCE CO.
Assets not admitted.
Agents 1 balances over three months due,
Special deposits less $50,213.58 liab. thereon,
Total unadmitted assets, .
Total admitted assets,
$3,898 48
68,411 42
$72,309 90
[,043,195 10
Liabilities.
Unpaid losses, including $27,374.73 resisted, $309,135.59;
less reinsurance, $32,884.71, $276,250 88
Unearned premiums on outstanding risks, .... 2,116,913 91
Commissions and other charges due agents and brokers, . 31,432 95
Due for return premiums, $951 . 39 ; reinsurance, $23,928 . 30, . 24,879 69
Contingent liability, 45,000 00
All liabilities, except capital and surplus, . . . $2,494,477 43
Surplus to policy holders, .... $1,548,71767
Paid-up capital, 1,000,000 00
Surplus over capital and general liabilities, . . . • 548,717 67
Total liabilities, .
$4,043,195 10
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
$463,587,912 00 $4,559,796 72
. 395,863,163 00 3,945,372 68
Total,.
Risks expired and terminated,
In force at end of year,
Amount reinsured, .
Net amount in force, .
$859,451,075 00 $8,505,169 40
.385,160,725 00 3,915,465 07
$474,290,350 00 $4,589,704 33
. 50,610,636 00 512,718 68
$423,679,714 00 $4,076,985 65
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Stock dividends declared from organization of company,
Dividends declared during the year (9 per cent.), .
Company's stock owned by directors, ....
$46,111,252
26,423,948
1,754,446
4,279,500
100,000
90,000
247.750
00
00
00
00
00
00
00
Schedule A.
Stocks and Bonds owned by the Company.
Book Value. Market Value.
United States bonds, $50,131 25 $52,500 00
Commonwealth of Massachusetts bonds, . . 66,225 00 63,900 00
Commonwealth of Massachusetts bonds, . . 44,050 00 42,300 00
HANOVER FIRE INSURANCE CO.
233
State of Georgia bonds, ....
State of Georgia bonds, ....
City of New York water stock,
City of New York dock bonds,
City of Richmond, Va., bonds, .
Atchison, Topeka & Santa Fe R'y Co. bonds,
Central Pacific R'y Co. bonds, .
Erie R.R. Co. bonds,
Missouri, Kansas & Texas R'y Co. bonds,
Norfolk & Western R'y Co. bonds, .
Northern Pacific & Gt. Northern bonds, .
Northern Pacific R'y Co. bonds,
Reading Co. & Phil. & Read. C'l & Ir. Co. b'ds
St. Louis, Iron Mt. & South. R'y Co. bonds,
Atchison, Topeka & Santa Fe R'y Co. bonds,
Atlantic Coast Line R.R. Co bonds,
Cleve., Cin., Chicago & St. Lo. R'y Co. bonds,
Long Island R.R. Co. bonds,
Manhattan R'y Co. bonds,
Lehigh & Wilkes-Barre Coal Co. bonds, .
Pennsylvania Co. bonds, ....
Missouri Pacific R'y Co. bonds,
Southern R'y Co bonds, ....
St. Louis, Iron Mt. & Southern R'y Co. bonds
Chicago, Mil. & St. Paul R'y Co. bonds, .
Brooklyn City (N Y.) R.R. Co. bonds, .
Lehigh Valley Terminal R'y Co. bonds, .
Wabash R.R. Co. (Det. & Chic extens'n) b'ds,
Ch., M. & St. P. R'y Co. (Wis. & M. Div.) b'ds,
Col. & Ninth Ave. (N. Y.) R.R. Co. bonds,
Chic, Indianap. & Louisville R.R. Co. bonds,
Laclede Gas Light Co. (of St. Louis, Mo.) b'ds
Pennsylvania R.R. Co. stock, .
Union Pacific R.R. Co. stock, .
Manhattan R'y Co. stock, ....
Chicago & Northwestern R'y Co. stock, .
Great Northern R'y Co. stock, .
Cleve., Cin., Chic. & St. Louis R'y Co. stock,
Southern R'y Co. stock, ....
N. Y , N. H. & Hartford R.R. Co. stock, .
Reading Co. stock,
Chicago & Northwestern R'y Co. stock, .
Pitts., McKeesport & Yough. R.R. Co. stock,
Chicago, Mil & St. Paul R'y Co. stock, .
Kansas City, Ft. Scott & Memp. R'y Co. st'k,
Norfolk & Western R'y Co. stock, .
Baltimore & Ohio R.R. Co. stock, .
Chicago Great Western R'y Co. stock,
Syracuse, Binghampton & N. Y. R.R. Co. st'k
Rensselaer & Saratoga R.R. Co. stock, .
American Exchange National Bank stock,
Bank of America stock, ....
25
25
00
00
00
25
25
63
25
Book Value.
$5,393 75
10,787 50
104,000 00
76,589 60
54,680 56
47,447 50
50,375 00
46,500 00
50,437 50
48,925 00
50,000 00
51,200 00
48,455 00
46,062 50
23,531
24,656
25,000
25,375
26,350 00
50,945 00
38,250
80,406
58,891
58,390
32,306
28,637 50
22,600 00
16,810 00
10,312 50
11,600 00
27,606 25
27,218 75
107,985 63
86,125 00
129,675 00
69,352 75
60,519 38
49,337 50
46,550 00
79,984 38
22,756
50,706
48,325
39,475
24,787
23,543 75
24,006 25
18,375
27,075
13,512
16,766
25,125
25
25
00
00
50
00
88
50
26
00
00
00
00
00
Market Value.
$5,287 50
10,625 00
99,000 00
71,625 00
55,500 00
47,500 00
51,500 00
51,250 00
50,625 00
50,750 00
50,562 50
53,125 00
51,750
48,250
24,250
25,500
25,250 00
25,375 00
26,406 25
51,125 00
38,160 00
81,750 00
60,500 00
58,750 00
33,600 00
27,500 00
23,675 00
16,818 75
11,712 50
12,100 00
33,187 50
27,250 00
138,125 00
97,625 00
132,000
131,043
150,000
58,000
48,750 00
99,750 00
22,937 50
83,300 00
46,550 00
55,500 00
24,750 00
23,500 00
24,000 00
17,400 00
36,290 00
20,600 00
41,250 00
39,000 00
00
00
00
00
$2,404,131 32 $2,749,330 50
234
HARTFORD FIRE INSURANCE CO.
•• HARTFORD FIRE INSURANCE COMPANY," HARTFORD, CONN.
[Incorporated May, 1810. Commenced business August, 1810.J
Paid-up Capital, $1,250,000.
GEORGE L. CHASE, President. P. C. ROYCE, Secretary.
Home Office, 53 Trumbull Street.
Income.
Net fire premiums $11,986,354 53
Interest on mortgage loans, $32,224.29; collaterals, $240;
stocks and bonds, $432,112.29 ; all other, $6,436.14, . . 471,012 72
Rents, 22,381 76
Profit on sale or maturity of ledger assets, .... 21,868 18
From all other sources, 10,231 06
Total income,
Ledger assets, Dec. 31, 1903,
Total, ....
Disbursements
Net amount paid for fire losses,
Interest and dividends to stockholders, .
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Real estate taxes, $8,150.60; other taxes and fees, $259,
$422.27,. .
Loss on sale or maturity of ledger assets,
Profit and loss, . , .
All other disbursements, ....
Total disbursements, ....
Balance,
Ledger Assets
Real estate, $928,995.67 ; mortgages, $696,794
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B),
Cash in banks and office, ....
Agents 1 balances, .....
Printing plant,
Total ledger assets, ....
$12,511,848 25
. 12,517,192 15
$25,029,040 40
^7,107,572 75
507,325 00
2,146,243 20
693,542 52
267,572 87
200 00
34,959 07
999,690 86
$11,757,106 27
$13,271,934 13
$1,625,789 67
4,800 00
9,584,751 19
807,426 43
1,219,835 84
29,331 00
$13,271,934 13
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $10,085.30; collateral loans, $47.72,
Rents accrued on company's property, .
Market value of real estate over book value, .
Market value of stocks and bonds over book value,
Reinsurance due on losses paid, ....
Gross assets,
10,133 02
1,488 85
17,504 33
1,196,044 86
14,837 56
$14,511,942 75
HARTFOKD FIRE INSURANCE CO.
235
Assets not admitted.
Special deposits less $294,673.32 liab. thereon, f 60,973 14
Printing plant 29,331 00
Total unadmitted assets, ....
Total admitted assets,
,304 14
$ 14,421,638 61
Liabilities.
Unpaid losses, including $74,389.12 resisted, .
Unearned premiums on outstanding risks,
$711,635 94
9,051,314 13
All liabilities, except capital and surplus, . . . $9,762,950 07
Surplus to policy holders, .... $4,658,688 54
Paid-up capital, 1,250,000 00
Surplus over capital and general liabilities, .... 3,408,688 54
Total liabilities, .
$14,421,638 61
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
. $1,310,853,484 00 $16,116,858 54
1,103,851,729 00 14,706,020 56
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
$2,414,705,213 00 $30,822,879 10
945,875,128 00 12,945,091 23
$1,468,830,085 00 $17,877,787 87
. 37,260,126 00 339,785 27
$1,431,569,959 00 $17,538,002 60
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Stock dividends declared from organization of company,
Dividends declared during the year (40.6 per cent ),
Company's stock owned by directors, ....
$155,823,436 00
90,760,577 00
7,143,334 00
11,682,925 00
950,000 00
507,325 00
193,100 00
Schedule A.
Securities held as Collateral.
30 shares Chicago & Northwestern R.R. Co.,
64 " Billings & Spencer, .
Schedule B.
Market Value. Loaned Thereon.
$6,990 00 $3,800 00
2,240 00 1,000 00
Alabama State bonds,
Georgia State bonds,
United States of Mexico bonds,
$9,230 00 $4,800 00
Stocks and Bonds owned by the Company.
Hook Value. Market Value.
$!),975 00 $10,300 00
25,750 00 26,500 00
105,846 40 105,807 60
236
HARTFORD FIRE INSURANCE CO.
Virginia State Century bonds, .
City of Toronto bonds,
Montreal Corporation bonds, .
City of Richmond, Va., bonds, .
City of Toronto bonds,
Atchison, Topeka & Santa Fe R.R. bonds
Atlantic Coast Line bonds,
Baltimore & Ohio R.R. bonds, .
Belt R.R. & Stock Yards bonds,
Brooklyn Union Elevated R R. bond
Canadian Pacific R.R. bonds, .
Central Pacific R'y bonds,
Chesapeake & Ohio R.R. bonds,
Chesapeake & Ohio R.R. bonds,
Chicago & Western Indiana R.R. bonds,
Chicago & Northwestern R.R. bonds,
Chicago & Northwestern R.R. bonds,
Chicago & Northwestern R R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Chicago & Great Western R.R. bonds,- .
Chicago, Milwaukee & St. Paul R.R. bonds,
Chicago & Erie R.R. bonds,
Cincinnati, Dayton & Chicago R.R. bonds,
Cin., Indiana, St. Louis & Chicago R.R. bonds
Cleve., Cin., Chicago & St. Louis R.R. bonds,
Cleve., Cin., Chicago & St. Louis R.R. bonds,
Cleve., Col., Cin. & Indian. R.R bonds, .
Central R.R. of New Jersey bonds, .
Dayton & Michigan R.R. bonds,
Detroit, Grand Rapids & Western R.R. bonds
Easton & Amboy R.R. bonds, .
Elgin, Joliet & Eastern R.R. bonds,
Erie R.R. bonds,
Grand Rapids & Indiana R.R. bonds,
Hartford Street R'y Co. bonds,
Indianapolis & Vincennes R.R. bonds,
International & Gt. Northern R.R. bonds,
Iowa Falls & Sioux City R.R. bonds,
Jefferson R.R. bonds,
Lehigh Valley R.R. bonds,
Lehigh Valley R.R. bonds,
Lehigh Valley R R. bonds,
Lehigh Valley R.R. gold bonds,
Long Island R R. bonds, .
Louisville & Nashville R.R. bonds,
Louisville & Nashville R.R. bonds,
Louisville & Nashville R.R. gold bonds, .
Louisville & Nashville R.R. trust bonds,.
Minneapolis Union R.R. bonds,
Milwaukee, Lake Shore & West. R.R. bonds,
Missouri, Kansas & Eastern R.R. bonds, .
Missouri Pacific R.R. bonds,
Nashville, Chatta. & St. Louis R.R. bonds,
Northern Pacific-Great Northern R.R. bonds,
Northern Pacific R.R. bonds, .
Northern Pacific R.R. bonds, .
N. Y. Central & Hudson River R.R. bonds,
New York Dock Co. boncjls,
Philadelphia & Reading R.R. bonds,
00
00
50
00
Book Value.
$10,093 12
41,004 10
64,821 25
53,593 75
19,053 00
25,625 00
95,875 00
74,125 00
98,910 00
100,875 00
57,750 00
25,000 00
106,140 00
391,400 00
469,292 50
104,127 50
168,916 25
202,407 50
52,562 50
5,000
44,810
63,852
108,150
51,000 00
128,160 00
64,050 00
190,027 50
9,925 00
296,493 75
64,050 00
41,443
164,125
287,726
197,500
22,000
103,000
92,054
240,527
131,938 75
183,677 50
328,345 00
91,962 25
151,840 00
10,737
59,400
140,660
54,275
98,000 00
58,650 00
52,633 33
55,180 00
53,625 00
116,533
57,346
125,550
68,125
100,500 00
111,500 00
83,250 00
76,875 00
90
00
25
00
00
00
80
50
50
00
00
00
33
25
25
25
00
66
00
00
25
00
00
00
00
00
Market Value.
$10,290 00
40,704 80
68,750 00
55,125
19,466
25,750
97,000
77,531
96,600
110,000 00
55,966 66
25,531 25
107,750 00
396,975 00
446,350 00
106,000 00
168,200 00
206,635 00
53,500
5,000
45,580
59,000
121,500 00
51,000 00
120,750 00
70,000 00
204,000 00
10,040 00
354,900 00
63,000 00
41,000 00
168,000 00
293,580 00
204,000 00
22,400 00
108,000 00
84,240 00
242,000 00
128,500 00
183,750 00
353,430 00
93,750 00
168,000 00
10,800 00
61,500 00
143,990 00
56,350 00
105,000 00
58,800 00
63,000 00
60,500 00
55,500 00
124,000
60,320
201,000
84,800
100,000
113,750 00
79,200 00
93,375 00
00
00
00
00
00
HARTFORD FIRE INSURANCE CO.
237
Port Reading R.R. gold bonds,
Reading Co. bonds,
St. Paul & Northern Pacific R R. bonds, .
St. Louis, Iron Mt. & Southern R.R. bonds,
St. Lo , Iron Mountain & So. R.R. gold bonds
St. Louis & San Francisco R.R. bonds,
St. Louis Southern R.R. bonds,
Savannah, Florida & Western R.R. bonds,
Southern Pacific R.R. of California bonds,
Southern R'y Co. bonds, .
Terminal R'y Asso. of St. Louis bonds,
Terminal R'y Asso. of St. Louis bonds,
Union Pacific R.R. bonds, .
Utah & Northern R.R. bonds, .
Wabash R.R. bonds, .
Wabash R.R. bonds, .
Western Maryland R.R. bonds,
West Shore R.R. bonds, .
315 shares iEtna National Bank, Hartford,
300
200
166
100
314
122
172
556
40
467
100
200
150
200
300
200
334
125
39
125
32
109
50
175
477
370
200
1,008
1,000
20
120
662
825
2,888
500
500
30
American Nat'l Bank, Hart.,
Charter Oak Nat'l Bank, Hart.,
City Bank, Hartford, .
Conn. River Banking Co., Hart.,
Conn. Tr. & Safe Dep. Co., Hart.
Far. & Mech. Nat'l Bank, Hart.,
First National Bank, Hartford,
Hartford National Bank, Hart ,
National Exchange Bank, Hart.,
Phoenix National Bank, Hart.,
State Bank, Hartford, .
American Ex. Nat'l Bank, N. Y.,
Bank of America, N. Y.,
Nat'l Bank of No. Amer., N. Y.,
Imp. & Traders' Nat'l Bank,
Manhattan Co. Bank, N. Y.,
Merchants' National Bank, .
Nat'l Bank of Commerce, N. Y.,
Atlantic Nat'l Bank, Boston,
Boylston National Bank, Boston,
Nat'l Bank of Com., Boston,
Second National Bank, Boston,
First National Bank, Albany,
Bank of Montreal, Montreal,
Ontario Bank, Toronto,
Chic, Mil. & St. Paul R.R. Co.,
Chic, Mil. & St. Paul R.R. Co.,
Chicago & Northwestern R.R.,
Chicago & Northwestern R.R.,
Conn. & Passumpsic River R.R.,
Connecticut River R.R. Co., .
Connecticut River Co., .
N. Y. Cent. & Hudson R. R.R.
New York Dock Co., .
N. Y., N. H. & Har. R.R. Co.,
N. Y., Lackawanna & West. R.R
Northwestern Tel. Co.,
Union Pacific R.R.,
Book Value.
$50,750 00
29,400 00
91,682 50
110,570 00
92,750 00
54,875 00
65,405 00
125,000 00
106,000 00
149,250 00
50,000 00
82,312 50
72,187 50
60,750 00
56,675 00
58,650 00
45,093 75
103,125 00
32,780 00
15,000 00
20,350 00
23,964 75
7,660 00
37,021 22
22,161 99
13,348 50
63,962 75
2,400 00
50,470
9,695
21,066
18,573
30,781
-30,000
13,129 51
19,735 17
14,499
3,983
11,935
4,304
10,277 71
8,328 33
43,964 78
13,082 18
46,262 50
38,237 50
27,325 00
114,893 25
100,000 00
2,000 00
3,000 00
72,463 47
83,000 00
377,884 69
57,125 00
25,000 00
2,964 56
25
00
25
25
50
00
50
20
35
30
Market Value.
$52,500 00
30,900 00
108,360 00
117,000 00
96,500 00
57,500 00
66,240 00
128,500 00
108,000 00
150,000 00
51,000 00
82,500 00
79,875 00
55,500 00
59,000 00
57,600 00
45,500 00
110,500 00
63,000 00
21,750 00
25,000 00
14,940 00
5,500 00
86,350 00
14,640 00
24,080 00
76,728 00
2,600 00
56,040 00
14,000 00
55,000 00
81,000 00
45,000 00
184,500 00
32,200 00
30,895 00
29.875 00
5,070
13,125
4,960
22,345
5,000 00
89,250 00
5,633 33
82,282 50
67,710 00
46,600 00
208,656 00
105,000 00
5,660 00
3,000 00
95,659 00
49,500 00
571,824 00
66,500 00
32,000 00
2,910 00
00
00
00
00
1,584,751 19 $10,780,796 05
238
HOME INSURANCE CO.
A. M. BURTIS,
WM. H. CHENEY. !
" HOME INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated April 13, 1853. Commenced business April 13, 1853.]
Paid-up Capital, $3,000,000.
EL BRIDGE G. SNOW, President.
Home Office, 56 Cedar Street.
Income.
Net fire premiums, $8,224,383.34; marine, $266,718.31, . $8,491,101 65
Interest on mortgage loans, $5,138.64; stocks and bonds,
$565,953.34; all other, $5,979.53, 577,07151
Rents, including company's own occupancy, .... 173,375 25
Profit on sale or maturity of ledger assets, .... 90,195 60
From all other sources, 4,023 06
Tdtal income,
Ledger assets, Dec. 31, 1903,
Total, ....
. $9,335,767 07
. 16,905,776 36
$26,241,543 43
Disbursements.
Net amount paid for fire losses, $5,141,986.87; marine,
$174,516.37,
Interest and dividends to stockholders, .
Commissions or brokerage,
Salaries, fees, etc., of officers and employees, .
Rents, including company's own occupancy, .
Repairs and expenses on real estate,
Real estate taxes, $22,252.76; other taxes and fees, $204,
449.27,
Loss on sale or maturity of ledger assets,
Profit and loss,
All other disbursements,
Total disbursements, .
Balance,
Ledger Assets.*
Real estate, $1,593,892.06 ; mortgages, $81,700,
Stocks and bonds (Schedule A),
Cash in banks,
Agents 1 balances,
Bills receivable, not matured, ....
Counter and office premiums not collected,
Total ledger assets,
Non-Ledger Assets.
Interest due and accrued on mortgages, .
Market value of stocks and bonds over book value,
Gross assets,!
$5,316,503 24
420,000 00
1,504,387 24
483,404 84
85,957 33
37,912 75
226,702 03
8,380 58
18,659 53
580,549 16
. $8,682,456 70
$17,559,086 73
$1,675,592 06
13,736,494 50
1,042,689 43
649,145 70
277 13
454,887 91
$17,559,086 73
1,708 50
. 1,863,765 50
$19,424,560 73
* The company holds also instalment premium notes to the amount of $1,298,759.25, which
do not enter into or form any part of the assets of the company, as no portion of them is
earned. Whatever value is attached to them would necessarily be counterbalanced by the
addition of an amount exactly equal to the reinsurance liability, the entire sum consisting
of " unearned premiums."
t Including $1,500,000 special reserve held under New York laws.
HOME INSURANCE CO.
239
Assets not admitted.
Agents' balances over three months due,
Total admitted assets, ....
$7,231 20
$19,417,329 53
Liabilities.
Unpaid losses, including $61,526.85 resisted, $1,672,927.98;
less reinsurance, $696,756.49, $976,17149
Unearned premiums on outstanding risks, , . . 7,210,566 00
Commissions and other charges due agents and brokers, . 84,217 66
Due for reinsurance premiums, 695,053 15
Reserve for taxes, 75,000 00
All liabilities, except capital and surplus, . . . $9,041,008 30
Surplus to policy holders, . . . .$10,376,32123
Paid-up capital, 3,000,000 00
Surplus over capital and general liabilities, .... 7,376,321 23
Total liabilities, .
$19,417,329 53
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
Marine risks outstanding Dec. 31, 1903,
Marine risks written during 1904, .
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
$1,447,790,975 00
1,199,799,193 00
$2,647,590,168 00
1,098,084,609 00
$1,549,505,559 00
251,235,232 00
Premiums.
$14,628,934 00
12,365,280 45
$26,994,214 45
11,456,538 45
$15,537,676 00
1,905,576 00
$1,298,270,327 00 $13,632,100 00
$17,026,833 00
. 81,234,095 00
$98,260,928 00
. 80,743,828 00
$17,517,100 00
. 5,060,895 00
$445,314 00
538,322 72
$983,636 72
558,975 72
$424,661 00
86,437 00
$12,456,205 00 $338,224 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the vear, ....
Til* O •/ *
Inland marine losses incurred during the year,
Cash dividends declared from organization of company,
Stock dividends declared from organization of company,
Dividends declared during the year (14 per cent.),
Company's stock owned by directors, ....
$163,664,233 00
95,011,296 00
5,246,336 00
231,632 00
12,865,000 00
1,000,000 00
420,000 00
166,400 00
240
HOME INSURANCE CO.
Schedule A.
Stocks and Bonds owned by the Company.
20,000 shares Pennsylvania R.R. Co.,
5,000 " Morris & Essex R.R. Co., .
5,000 " Reading Co.,
5,000 " Southern R'y Co.,
4,000 " Lehigh Valley R.R. Co., .
3,000 " Baltimore & Ohio R.R. Co.,
2,650 " United N.J. R.R. & Canal Co,
2,500 " Pitts., Ft. Wayne & Ch. R'y Co
2,200 " Consolidated Gas Co. of N. Y.,
2,000 " Baltimore & Ohio R.R.,
2,000 " Cleveland & Pitts. R.R. Co.,
1,500 " N. Y., N. H. & Hart. R.R. Co.,
1,500 " Rochester & Gen. Val. R.R. Co
1,000 " N. Y. Cent. & Hud. R. R.R. Co
1,000 " Ch., St. P., Minn. & Om. R'v Co
1,000 " Ft. Wayne & Jackson R.R. Co ,
1,000 " Rensselaer & Saratoga R.R.,
1,000 " Connecticut River R.R. Co.,
1,000 " Chicago & Northw'n R'y Co.,
1,000 " Northern R.R. of N. J.,
1,000 " Valley R.R. Co., .
1,000 " Atch , Top. & Santa Fe R'y,
1,000 " Union Pacific R.R., .
1,000 " Chic, Mil. & St Paul R'y, .
1.000 " Illinois Central R.R. Co., .
500 " Chicago & Northw'n R'y Co.,
200 " Amer. Ex. Nat'l Bank of N. Y.,
200 " Fourth National Bank of N. Y.,
200 " Manhattan Co., N. Y.,
200 " Nassau Bank,
200 " Chatham Nat'l Bank of N. Y.,
100 " Bank of America, N. Y., .
200 " Franklin Trust Co., Brooklyn,
150 " Long Isl. Loan & Trust Co.,
50 " Metropolitan Trust Co.,
District of Columbia bonds,
United States bonds,
New York City bonds, ....
City of Richmond, Va., bonds, .
City of Rochester, N. Y., bonds,
New York State bonds, ....
Commonwealth of Massachusetts bonds,.
State of Georgia bonds, ....
United States of Mexico bonds,
Northern Pacific-Gt. Northern bonds,
Erie R.R., Pennsylvania Coal bonds,
Union Pacific R.R bonds,
Pennsylvania R.R. bonds,.
N. Y.,Chic. & St. Louis R.R. Co. bonds, .
Ohio & W. Va. R'y Co. bonds, -
Cleve., Col. Cin. &Indianap. R.R. bonds,
Louisville, New Albany & Chic. R'y bonds,
Read. Co , Phil. & Read. C. & Iron Co. bonds
Norfolk & Western & Pocahontas bonds,
Oregon Short Line R.R. Co. bonds, .
25
86
00
62
50
00
00
00
00
Book Value.
$1,212,550 00
405,631 56
214,256 25
390,000 00
193,575 00
236,861
630,527
419,014
438,190
210,307 50
187,122 22
330,715
224,250
154,125
95,725
89,833
177,000 00
249,264 00
165,125 00
93,000 00
130,000 00
77,700 00
79,125 00
141,550 00
129,812 50
73,818 75
22,106 25
29,885 01
15,997 50
15,229 37
8,190 00
20,247 12
27,125 00
31,6D0 00
9,125 00
1,000,000 00
600,000 00
2,600,000 00
50,000 00
100,000 00
271,000 00
49,391
25,000
19,781
124,877
280,367 50
200,000 00
200,000 00
112,000 00
100,000 00
100,000 00
100,000 00
100,000 00
95,250 00
97.250 00
00
00
00
06
00
93
50
Market Value.
$1,380,000 00
475,000
225,000
480,000
212,000 00
285,000 00
728,750 00
462,500 00
435,600 00
208,000 00
180,000 00
295,500 00
225,000 00
140,000 00
187,000 00
145,000 00
205,000 00
282,000 00
233,000 00
95,000 00
130,000 00
100,000 00
97,000 00
170,000 00
155,000 00
103,000 00
55,000 00
45,000 00
31,800 00
19,000 00
16,500 00
51,500 00
65,000 00
43,500 00
31,250 00
1,200,000 00
780,000 00
2,633,000 00
58,500 00
100,000 00
273,710 00
48,250 00
25,500 00
18,000 00
392,000 00
282,000 00
212,000 00
204,000 00
117,600 00
113,000 00
122,000 00
112,000 00
103,000 00
95,000 00
97,000 00
HOME FIRE AND MARINE INSURANCE CO.
241
N. Y. & Westchester Lighting Co. bonds,
Boonville R.R. Bridge Co. bonds,
West Shore R'y bonds, ....
Cleve. Term. & Valley R.R. Co. bonds, .
Jefferson., Madi. & Ind. R.R. Co. bonds, .
Virginia Midland R'y Co. bonds,
Louisville, Hender. & St. Louis R'y Co. bonds
American Tobacco Co. bonds, .
Adams Express Co. bonds,
Book Value.
$92,000 00
89,850 00
100,000 00
99,250 00
41,000 00
39,778 75
20,000 00
73,112 50
28,000 00
Market Value.
$92,000 00
93,000 00
109,000 00
100,000 00
43,460 00
55,000 00
27,500 00
72,000 00
28,840 00
$13,736,494 50 $15,600,260 00
"HOME FIRE AND MARINE INSURANCE COMPANY OF
CALIFORNIA," SAN FRANCISCO, CAL.
[Incorporated September, 1864. Commenced business 1864.]
Paid-up Capital, $300,000.
WM. J. DUTTON, President. FRANKLIN BANGS, Secretary.
Home Office, 409 California Street.
Income.
Net fire premiums, $1,075,654.30; marine, $40,529.44, . . $1,116,183 74
Interest on mortgage loans, $12,037.45 ; collaterals, $552.95 ;
stocks and bonds, $42,925.03; all other, $2,054.76, . . 57,570 19
Rents, 4,237 65
Profit on sale or maturity of ledger assets, .... 4,504 80
Total income, $1,182,496 38
Ledger assets, Dec. 31, 1903, 1,493,314 28
Total, $2,675,810 66
Disbursements.
Net amount paid for fire losses, $588,662.28; marine, $25,-
782.46,
Interest and dividends to stockholders,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees, ....
Rents,
Repairs and expenses on real estate,
Real estate taxes, $1,855.63 ; other taxes and fees, $22,219.38,
Loss on sale or maturity of ledger assets, ....
Profit and loss,
All other disbursements,
Total disbursements,
Balance,
Ledger Assets.
Real estate, $383,200 ; mortgages, $109,580,
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B),
$614,444 74
36,000 00
213,365 49
56,121 69
3,600 00
1,046 96
24,075 01
2,507 50
1,851 76
106,067 36
$1,059,080 51
$1,616,730 15
$492,780 00
6,960 00
800,424 04
242
HOME FIRE AND MARINE INSURANCE CO.
Cash in banks and office, .
Agents 1 balances,
Bills receivable, not matured, .
$124,227 76
183,359 50
8,978 85
Total ledger assets, $1,616,730 15
Non-Ledger Assets.
Interest accrued : —
On mortgages, f 545. 35 ; collateral loans, $19.25, .
564 60
Gross assets, $1,617,294 75
Assets not admitted.
Agents' balances over three months due,
Special deposits less $27,864.16 liab. thereon,
Depreciation in book value of stocks and bonds,
Total unadmitted assets, ....
Total admitted assets, ....
$5,852 63
23,235 84
19,494 54
48,583 01
fl,568,711 74
Liabilities.
Unpaid losses, including $5,333.34 resisted, $67,652 ; less re-
insurance, $12,003.48,
Unearned premiums on outstanding risks, $819,291.36; plus
same on disallowed reinsurance, $18,097.62,
All liabilities, except capital and surplus,
Surplus to policy holders, ....
Paid-up capital,
Surplus over capital and general liabilities, .
75,674 24
$55,648 52
837,388 98
$893,037 50
300,000 00
375,674 24
Total liabilities, $1,568,71174
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, ....
Net amount in force, .
Marine risks outstanding Dec. 31, 1903,
Marine risks written during 1904, .
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
$109,244,799 00
. 106,196,693 00
Premiums.
$1,539,300 34
1,587,650 25
$215,441,492 00
. 89,782,703 00
$125,658,789 00
. 16,327,213 00
$3,126,950 59
1,359,510 98
$1,767,439 61
250,326 75
$109,331,576 00 $1,517,112 86
$723,559 00
3,881,388 00
$4,604,947 00
4,044,459 00
$560,488 00
26,400 00
$36,176 54
48,776 77
$84,953 31
55,720 58
$29,232 73
1,714 00
$534,088 00 $27,518 73
HOME FIRE AND MARINE INSURANCE CO.
243
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent.),
Company's stock owned by directors, ....
|14,802,144 00
7,049,144 00
585,902 00
24,708 00
1,200,500 00
36,000 00
1,400 00
Schedule A.
Securities held as Collateral.
5 shares San Francisco Gas and Electric,
40 " Spring Valley Water Co.,
130 " Contra Costa Water Co.,
Los Angeles R'y Co. bonds,
United RR. of San Francisco bonds,
Schedule B.
Market Value.
$270 00
1,560
3,250
3,495
2,625
00
00
00
00
$11,200 00
Loaned Thereon.
|200 00
600 00
1,960 00
3,000 00
1,200 00
$6,960 00
Stocks and Bonds owned by the Company.
Baker City, Ore., water bonds, .
Baker City, Ore., school bonds,
Bay Counties Power Co. bonds,
California Northwestern R'y Co. bonds,
Contra Costa Water Co. bonds,
Dallas City, Ore., Water Co. bonds,
Hanford Gas and Power Co. bonds, .
Han ford Gas and Power Co. bonds,
Los Angeles R'y Co. of California bonds,
Market St. R'y Co. of San Francisco bonds,
Northern R'y Co. of Cal. bonds,
Northern R'y Co. of California bonds,
Omnibus Cable Co. of San Francisco bonds,
Oakland transit bonds, ....
Oakland transit bonds, ....
Pacific Electric R'y Co. bonds, .
Pacific Gas Improvement Co. bonds,
San Francisco & North Pacific R.R. Co. bonds,
San Fran. <fe San Joaquin Val. R.R. Co. bonds,
Siskiyou Electric Power Co. bonds, .
S. P. R.R. Co. of California bonds, .
S. P. R R. Co. of California bonds, .
Sierra R'y Co. bonds,
San Francisco Dry Dock Co. bonds, .
Southern Pacific Branch R.R. bonds,
Sunset Telephone and Tel. Co. of Cal. bonds,
Sunset Telephone and Tel. Co. of Cal. bonds,
Sunset Telephone and Tel. Co. of Cal. bonds,
Spring Valley Water Works of San Fran, b'ds,
San Fran., Oak & San Jose R'y Co. bonds,
San Francisco Gas & Elec. Co. bonds,
United States bonds,
245 shares Anglo-Cal. Bank, L't'd, San Fran., .
110 " Bank of California, San Fran.,
00
00
50
50
Book Value.
$17,850 00
3,150
11,855
5,687
1,107
10,850 00
3,915 00
978 75
47,010 00
36,130 00
4,830 00
11,358 00
12,581 25
12,287 50
14,542 50
31,635 00
10,522 50
17,728 00
42,859 50
4,730 00
3,307 50
42,893 75
11,200 00
22,000
48,595
11,625
47,761
1,180
1,060
18,483
9,975 00
53,525 00
22,664 15
45,029 00
00
00
00
11
00
00
33
00
00
00
00
00
00
00
00
00
00
Market Value.
$17,510 00
3,090
10,150
5,625
1,000
10,500 00
4,000 00
1,000 00
46,600 00
37,280
4,760
10,650
12,125
12,000
14,300
31,650 00
10,670 00
18,000 00
43,020 00
5,000 00
3,240 00
42,120 00
11,000 00
22,400 00
47,250 00
11,400
46,640
1,140
1,040
19,350 00
10,000 00
52,400 00
21,437 50
46,200 00
00
00
00
00
244
IIOrE MUTUAL FIRE INSURANCE CO.
40 shares Bank of Sonoma County,
140
20
50
233
10
247
100
600
100
300
Cal. St. Cable R'y Co., San Fran., .
First Nat'l Bank, San Francisco, .
Merchants 1 Trust Co., Los Angeles,
Marin Co. Water Co., San Fran., .
Nat'l Bank of D. O. Mills Co., Sac,
Pacific States Tel. & Tel. Co., S F.,
Presidio & Ferries R.R. Co., S. F., .
San Fran. Gas and Elec. Co., S. F.,
San Jose Water Co., San Jose,
Spring Valley W. W., San Fran., .
Book Value.
Market Value.
$6,100 00
|6,200 00
22,076 25
28,000 00
3,800 00
6,400 00
5,000 00
5,000 00
14,351 25
13,747 00
3,000 00
3,000 00
25,750 00
25,935 00
2,500 00
4,000 00
53,012 20
32,400 00
9,170 00
10,000 00
14,757 50
11,700 00
$800,424 04
$780,929 50
"HOPE MUTUAL FIRE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated March, 1875. Commenced business April, 1875.]
ROWLAND G. HAZARD, President. A. T. VIGNERON, Assistant Secretary.
Home Office, 10 Weybosset Street.
Income.
Net premiums, $284,648.85 ; extra premiums, $731.05, .
Interest on mortgage loans, $400 ; stocks and bonds, $8,367 . 50 ;
all other, $2,598.87, ....
Profit on sale or maturity of ledger assets,
Total income,
Ledger assets, Dec. 31, 1903,
Total,
Disbursements
Net amount paid for losses,
Profits on terminated policies, .
Salaries, fees, etc., of officers and employees,
Rents,
Taxes and fees, ....
Prepaid and deducted premiums,
Inspections,
All other disbursements, ....
Total disbursements,
Balance,
Ledger Assets
Mortgages,
Stocks and bonds (Schedule A),
Cash in banks and office, .
Premiums in course of collection, .
Cash loans,
Total ledger assets,
$285,379 90
11,366 37
15,356 06
$312,102 33
234,995 71
$547,098 04
$23,907 17
233,022 73
11,853 81
817 80
5,344 86
1,946 86
5,449 97
1,518 31
$283,861 51
$263,236 53
$8,000 00
161,343 58
51,460 88
8,831 81
33,600 26
$263,236 53
HOPE MUTUAL FIRE INSURANCE CO.
245
Non-Ledger Assets.
Interest due and accrued : —
On stocks, $1,068.76; collateral loans, $100-, other assets,
$479.51,. . $1,648 27
Market value of stocks and bonds over book value, . . 46,061 42
Gross assets, f 310,946 22
Liabilities.
Unpaid losses, $556 38
Unearned premiums on outstanding risks, .... 144,592 76
Salaries and other miscellaneous expenses, due or accrued, . 5,214 16
All liabilities, except surplus, $150,363 30
Surplus, 160,582 92
Total liabilities, $310,946 22
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1903, $29,498,121 00 f 267,634 06 $1,338,170 30
Risks written during 1904, . 33,837,682 00 300,024 76 1,500,123 80
Total $63,335,803 00 $567,658 82 $2,838,294 10
Risks expired and terminated, . 32,031,698 00 278,473 30 1,392,366 50
In force at end of year,
,304,105 00 $289,185 52 $1,445,927 60
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1904, 88.43 per cent.
$23,266 00
Schedule A.
•
Stocks and Bonds owned by the l Company.
Book Value.
Market Value.
N. Y., West Shore & Buffalo R.R. bonds,
$2,000 00
$2,210 00
Northern Pacific-Gt. Northern R'y bonds,
13,100 00
22,000 00
230 shares Chicago & Northwestern R.R.,
23,900 00
47,840 00
500 "
Pennsylvania R.R., .
31,587 33
34,500 00
150 "
Illinois Central R.R.,
15,562 50
15,750 00
70 "
Rensselaer & Saratoga R.R., .
12,827 50
14,770 00
125 "
United Gas & Electric Co.,
10,000 00
10,875 00
100 "
Manhattan R'y Co., .
13,343 75
16,500 00
50 "
N. Y. Cent. & Hudson R. R.R.,
5,781 25
7,100 00
60 "
Oswego & Syracuse R.R.,
6,960 00
6,960 00
50 "
Union Pacific R.R., .
3,506 25
5,700 00
50 "
Hereford R.R.,
4,875 00
4,900 00
100 "
Pitts., Ft. Wayne & Chic. R.R.,
17,900 00
18,300 00
$161,343 58
$207,405 00
246 INDEMNITY FIRE INSURANCE CO.
"INDEMNITY FIRE INSURANCE COMPANY OF NEW YORK."
NEW YORK, N. Y.
[Incorporated 1897. Commenced business Oct. 1, 1S98.]
Paid-up Capital, $200,000.
J. MONTGOMERY HARE, President. ^ **. ^URGER,^ j Secretaries.
Home Office, 56 Pine Street.
Income.
Net fire premiums, §273,817 84
Interest on stocks and bonds, ' 13,071 26
Profit on sale or maturity of ledger assets. .... 985 00
Total income, $287,874 10
Ledger assets, Dec. 31, 1903, 444,688 22
Total $732,562 32
Disbursements.
.'
Net amount paid for fire losses, . . . . . £ 184,087 14
Commissions or brokerage, 54,062 03
Salaries, fees, etc., of officers and employees, .... 22,123 85
Rents, 2,159 05
Taxes and fees, 10,395 10
All other disbursements, 12,423 19
Total disbursements, $285,250 36
Balance § 447,311 96
Ledger Assets.
Stocks and bonds (Schedule A), §382,806 25
Cash in banks and office, *. 33,721 68
Agents" balances, 30,784 03
Total ledger assets, §447,311 96
Non-Ledger Assets.
Interest accrued on stocks and bonds, 2,660 00
Market value of stocks and bonds over book value, . . 13,181 25
All other, 19 09
Gross assets, , . . §463,172 30
Assets not admitted.
Agents 1 balances over three months due, .... 1,072 76
Total admitted assets, $462,099 54
INDEMNITY FIRE INSURANCE CO.
247
Liabilities.
Unpaid losses, including $1,611.95 resisted, $22,535.78; less
reinsurance, $2,346.10,
Unearned premiums on outstanding risks, ....
Salaries and other miscellaneous expenses, due or accrued, .
Commissions and other charges due agents and brokers,
Due for return premiums, $255.50; reinsurance, $1,456.54, .
All liabilities, except capital and surplus,
Surplus to policy holders, . . . .
Paid-up capital,
Surplus over capital and general liabilities, .
$256,685 62
$20,189 68
179,535 60
3,318 63
657 97
1,712 04
$205,413 92
200,000 00
56,685 62
Total liabilities, $462,099 54
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903
Fire risks written during 1904,
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
. $31,193,709 00
. 29,101,777 00
),295,486 00
. 27,231,298 00
. $33,064,188 00
. 6,634,500 00
Premiums.
$406,834 54
391,814 17
$798,64*8 71
374,856 07
$423,792 64
82,796 31
$26,429,688 00 $340,996 33
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization Of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
1,204,167 00
663,579 00
181,092 00
3,500 00
Schedule A.
Stocks and Bonds owned by the Company.
United States bonds,
Oregon Short Line bonds,
New York City loan stock,
State of N. Y. Canal Improvement loan stock,
Allegheny & Western R'y stock,
Southwestern R.R. of Georgia stock,
Twin City Rapid Transit R'y stock, .
Union Pacific R.R. stock, . " .
Norfolk & Western R'y stock, .
Chicago & Eastern Illinois R.R. stock,
Kan. City, Ft. Scott & Memphis R'y stock,
Underwriters' Salvage Co. of N. Y. stock,
Southern R'y stock,
Book Value.
$100,000 00
6,000 00
100,093 75
26,062 50
28,675 00
10,600 00
11,812 50
32,850 00
27,037 50
13,700 00
7,975 00
1,000 00
17,000 00
Market Value.
$104,875 00
5,790 00
92,437 50
25,375 00
30,600 00
11,500 00
15,400 00
39,000 00
28,500 00
13,300 00
8,200 00
1,310 00
19,700 00
$382,806 25 $395,987 50
248
THE INDIANAPOLIS FIRE INSURANCE CO.
"THE INDIANAPOLIS FIRE INSURANCE COMPANY,"
INDIANAPOLIS, IND.
[Incorporated July 12, 1899. Commenced business Sept. 1, 1899.]
Paid-up Capital, $200,000.
JOHN H. HOLLIDAY, President. H. C. MARTIN, Secretary.
Home Office, 122 E. Market Street.
Income.
Net fire premiums, $296,962 58
Interest on mortgage loans, $14,253; bonds, $4,147.78; all
other, $183, 18,583 78
Profit on sale or maturity of ledger assets, .... 100 00
Total income, $315,646 36
Ledger assets, Dec. 31, 1903, 469,567 31
Total, $785,213 67
Disbursements.
Net amount paid for fire losses,
Interest and dividends to stockholders, .
Commissions or brokerage, .
Salaries, fees, etc., of officers and employees, .
Rents, ........
Taxes and fees,
Loss on sale or maturity of ledger assets,
All other disbursements, ....
Total disbursements,
$144,705 04
12,000 00
67,056 81
21,449 75
1,120 00
7,990 03
715 07
15,633 98
$270,670 68
Balance, $514,542 99
Ledger Assets.
Mortgages, ....
Bonds (Schedule A),
Cash in banks and office, .
Agents' balances,
Reinsurance due on losses paid,
All other ledger assets,
Total ledger assets, .
$305,250 00
125,003 17
37,742 71
32,999 37
9,347 74
4,200 00
$514,542 99
Non-Ledger Assets.
Interest accrued : —
On mortgages, $4,727.14; bonds, $972.72; other assets,
$35.46,
Furniture, fixtures and safes,
5,735 32
2,500 00
Gross assets,
$522,778 31
THE INDIANAPOLIS FIRE INSURANCE CO.
249
Assets not admitted.
Furniture, fixtures and safes, .... $2,500 00
Agents' balances over three months due, . 471 44
Depreciation in book value of bonds, . . 271 92
Reinsurance due from unauthorized companies, 9,347 74
Total unadmitted assets, ....
Total admitted assets,
$12,591 10
$510,187 21
Liabilities.
Unpaid losses, including $400 resisted, $25,895.37; less
reinsurance, $1,886.05,
Unearned premiums on outstanding risks, $196,361.05; plus
same on disallowed reinsurance, $7,620.08, .
Commissions and other charges due agents and brokers,
Due for reinsurance premiums,
$24,009 32
203,981 13
879 30
1,397 46
$230,267 21
200,000 00
79,920 00
Total liabilities, $510,187 21
Total
Surplus to policy holders,
Paid-up capital,
Surplus over capital and general liabilities,
$279,920 00
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
. $22,009,833 00
. 26,689,126 00
.$48,698,959 00
. 20,831,970 00
.$27,866,989 00
. 1,892,471 00
Premiums.
$323,602 52
392,391 82
$715,994 34
316,743 52
$399,250 82
26,744 62
. $25,974,518 00 $372,506 20
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors,
Schedule A.
$1,002,225 00
Bonds owned by the Company.
United States bonds, .
Shelby County, Ind., bonds,
Anderson, Ind., city bonds,
Vincennes, Ind., city bonds,
Brazil, Ind., city bonds, .
Irvington, Ind., city bonds,
Helena, Mont., school bonds,
Marion County, Ind., bonds,
Book Value.
$52,595 39
10,864 73
26,702 35
11,558
3,059
8,170
2,552
9,500
00
70
90
10
00
421,142
154,954
34,000
12,000
20,800
00
00
00
00
00
Market Value.
$52,375 00
10,565 00
26,284 30
11,380 60
3,125 70
8,182 40
2,818 25
10,000 00
$125,003 17 $124,731 25
250
THE INSURANCE CO. OF NORTH AMERICA.
" PRESIDENT AND DIRECTORS OF THE INSURANCE COMPANY
OF NORTH AMERICA," PHILADELPHIA, PA.
[Incorporated April 14, 1794. Commenced business as an association in 1792.]
Paid-up Capital, $3,000,000.
CHARLES PLATT, President. GREVILLE E. FRYER, Secretary.
Home Office, 232 Walnut Street.
Income.
Net fire premiums, $5,356,830.08 ; marine, $1,819,415.68, . $7,176,245 76
Deposit premiums on perpetual risks, 19,388 22
Interest on mortgage loans, $45,662.72; collaterals, $17,-
681.11; stocks and bonds, $309,076. 20; all other, $15,624.68, 388,044 71
Rents, including company's own occupancy, .... 32,103 66
Profit on sale or maturity of ledger assets, .... 32,718 33
From all other sources, 3,103 56
Total income,
Ledger assets, Dec. 31, 1903,
Total.
. $7,651,604 24
. 11,055,197 13
$18,706,801 37
Disbursements.
Net amount paid for fire losses, $3,284,925.01; marine,
$1,048,537.67,
Deposit premiums returned,
Interest and dividends to stockholders, ....
Commissions or brokerage, ......
Salaries, fees, etc., of officers and employees, .
Rents, including company's own occupancy, .
Repairs and exjDenses on real estate, ....
Real estate taxes, $7,855.05 ; other taxes and fees, $155,042. 33,
Loss on sale or maturity of ledger assets,
Reduction in book value of investments, ....
Profit and loss,
All other disbursements,
Total disbursements,
Balance,
Ledger Assets.
Real estate, $544,783.10; mortgages, $791,276.04,
Loans secured by collateral (Schedule A), .
Stocks and bonds (Schedule B),
Cash in banks and office, .
Agents' balances,
Bills receivable, not matured, .
All other ledger assets,
Total ledger assets, .
$4,333,462
68
33,983
14
359,937
00
1,437,517
35
446,918
93
30,463
91
9,271
87
162,897
38
18,575 48
3,368
26
662
98
281,779
72
. $7,118,838
70
$11,587,962
67
$1,336,059
14
87,600
00
7,719,189
32
1,237,565
70
1,147,828 59
• 34,722
82
24,997
10
$11,587,962 67
THE INSURANCE CO. OF NORTH AMERICA. 251
Non-Ledger Assets.
Interest due and accrued on mortgages, $6,011 75
Market value of stocks and bonds over book value, . . 396,197 28
Reinsurance due on losses paid, 16,989 96
Gross assets, $12,007,16166
Assets not admitted.
Agents' balances over three months due, . $26,428 07
Special deposits less f 192,876 . 65 liab. thereon, 85,593 35
Reinsurance due on losses paid, . . . 16,878 05
Total unadmitted assets, .... 128,899 47
Total admitted assets, $ 11,878,262 19
Liabilities.
Unpaid losses, including $38,674.86 resisted, $953,000 ; less
reinsurance, $97,800, $855,200 00
Unearned premiums on outstanding risks, $ 4,622,708.06 ; plus
same on disallowed reinsurance, $84,819.70, . . . 4,707,527 76
Reclaimable on perpetual fire policies, 757,357 13
Dividends due stockholders, 106 20
Salaries and other miscellaneous expenses, due or accrued, . 109 32
Commissions and other charges due agents and brokers, . 50,000 00
Due for reinsurance premiums, 13,073 38
All liabilities, except capital and surplus, . . . $6,383,373 79
Surplus to policy holders, .... $5,494,888 40
Paid-up capital, 3,000,000 00
Surplus over capital and general liabilities, .... 2,494,888 40
Total liabilities, $11,878,262 19
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, .
Premiums.
$684,280,619 00 $8,269,780 27
. 549,413,746 00 6,753,403 16
$1,233,694,365 00 $15,023,183 43
. 503,358,634 00 6,165,995 97
$730,335,731 00 $8,857,187 46
. 51,077,343 00 604,718 65
Net amount in force, .... $679,258,388 00 $8,252,468 81
Perpetual risks in force (not included above), $33,056,495 00 $834,102 09
Marine risks outstanding Dec. 31, 1903, . . $6,760,84100 $364,472 00
Marine risks written during 1904, . . .395,943,169 00 2,229,147 54
Total, $402,704,010 00 $2,593,619 54
Risks expired and terminated, .... 396,132,765 00 2,223,660 54
In force at end of year, $6,571,245 00 $369,959 00
252
THE INSURANCE CO. OF NORTH AMERICA.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Marine losses incurred during the year, .
Cash dividends declared from organization of company,
Stock dividends declared from organization of company
Dividends declared during the year (12 per cent.),
Company's stock owned by directors,
$175,778,955 00
120,002,589 00
3,305,925 00
1,184,738 00
16,698,875 00
200,000 00
360,000 00
87,220 00
Schedule A.
Securities held as Collateral.
Philadelphia Co. bonds, . . .
Western N. Y. & Pennsylvania R'y bonds,
Cambria Iron Co. stock, ....
Philadelphia Electric Co. certificates,
City of Philadelphia bonds,
Little Schuylkill R R. stock, .
2 shares Pennsylvania Co.,
1,000 " Metropolitan Securities Co.,
500 " Philadelphia Co., .
Real estate in Tacoma, Wash.,
Market Value. Loaned Thereon.
$1,018 75
965 00
4,725 00
3,075 00
3,030 00'
1,245 00
1,080 00
40,000 00'
20,875 00
50,000 00
$1,600 00
2,000
2,500
00
00
5,000 00
40,000 00
36,500 00
Schedule B.
$126,013 75 $87,600 00
Stocks and Bonds owned by the Company.
Georgia State loan bonds,
New Mexico bonds, .
City of Boston, Mass., bonds, .
City of Chicago, 111., bonds,
City of Chicago, 111., bonds,
Colfax Count} 7 , New Mex , bonds,
Delaware County, Penn., bonds,
Grant County, New Mex , bonds,
City of Montreal, Can., bonds, .
City of Montreal, Can., bonds, .
New York City aqueduct bonds,
City of Portland, Ore , city hall bonds
City of Raton, New Mex., bonds,
City of Richmond, Va., bonds, .
City of Richmond, Va., bonds, .
Atchison, Topeka & Santa Fe R.R. bonds
Atlantic City R.R bonds, .
Atlantic & Danville R'y bonds,
Baltimore & Ohio R.R. bonds, .
Baltimore & Ohio R.R. bonds, .
Baltimore & Ohio R.R. bonds, .
Baltimore & Potomac R.R. bonds,
Baltimore & Potomac R.R. bonds,
Belt R .11. & Stock Yard Co. bonds,
Bergen County R.R. bonds,
Camden & Atlantic RR bonds,
Canadian Northern R 1 } 7 bonds, .
Central Pacific R'y bonds,
Book Value.
$25,000 00
2,000 00
112,000 00
1,639 32
2,500 00
100 00
50,000 00
8,000 00
16,000 00
95,000 00
102,300 00
50,000 00
200 00
50,000 00
3,000 00
100,000 00
25,000 00
24,000 00
30,000 00
190,000 00
130,500 00
10,000 00
5,000 00
50,000 00
50,000 00
50,000 00
30,000 00
98,500 00
00
00
00
00
Market Value.
$27,500 00
2,240 00
117,600
1,888
2,950
100
50,500 00
8,000 00
16,480 00
97,850 00
103,000 00
56,500
200
52,500
3,150
103,000 00
24,250 00
23,875 00
31,050 00
190,000 00
137,250 00
11,350 00
5,600 00
56,000 00
56,000 00
52,500 00
30.750 00
102,000 00
00
00
00
00
THE INSURANCE CO. OF NORTH AMERICA.
253
Chesapeake & Ohio R.R bonds,
Chesapeake & Ohio R.R. bonds,
Chesapeake & Ohio R.R. bonds,
Chesapeake & Ohio R.R. bonds,
Chesapeake & Ohio R.R. bonds,
Chesapeake & Ohio R.R. bonds,
Chicago & Erie R.R. bonds,
Chicago, Rock Island & Pacific R'y bonds,
Chicago, Rock Island & Pacific R'y bonds,
Chicago, St. Louis & New Orleans R.R. bonds
Choctaw & Memphis R.R. bonds,
Choctaw, Oklahoma & Gulf R.R. bonds, .
Choctaw, Oklahoma & Gulf R.R. bonds, .
Choctaw, Oklahoma & Gulf R.R. certificates,
Choctaw, Oklahoma & Gulf R.R. certificates,
Choctaw, Oklahoma & Gulf R.R. certificates,
Cin., Hamilton & Dayton R'}* bonds,
Cleve., Cin., Chic. & St. Louis R'y bonds,
Cleve., Lorain & Wheeling R'y bonds,
Cleve., Lorain & Wheeling R'y bonds,
Delaware & Chesapeake R.R. bonds,
Delaware River R.R & Bridge Co. bonds,
Empress Elizabeth R'y of Austria bonds,
Erie R R. car trust gold bonds,
Erie R.R. gold bonds, ....
Erie R.R. gold bonds, ....
Indiana, III. & Iowa R.R. bonds,
Jefferson R.R. bonds, ....
Lake Shore & Michigan Southern R'y bonds,
Lehigh Coal & Navigation bonds, .
Lehigh Coal & Navigation bonds, .
Lehigh Valley R.R. bonds,
Lehigh Valley R.R. bonds,
Lehigh Valley R.R. bonds,
Lehigh Valley R R. bonds,
Lehigh Valley Terminal R'y bonds,
Long Island R.R. bonds
Louisville & Nashville R R. bonds, .
Louisville & Nashville R.R. bonds, .
McKeesport & Belle Vernon R.R. bonds,
N. Y., Lake Erie & Western R.R. bonds,
N. Y., Philadelphia & Norfolk R.R. bonds,
Norfolk & Western R'y bonds,
Norfolk & Western R'y bonds,
Norfolk & Western R'y certificates,
Norfolk & Western R'y certificates,
North Pennsylvania R.R. bonds,
Northern Pacific R'y bonds,
Penn. & N. Y. Canal & R.R. bonds,
Penn. & N. Y. Canal & R.R. bonds,
Pennsylvania Co. bonds, .
Pennsylvania R.R. bonds,
Philadelphia & Baltimore Cent. R.R. bonds,
Philadelphia & Erie R R. bonds,
Philadelphia & Reading R.R. bonds,
Philadelphia & Reading R.R. bonds,
Pitts , Cin., Chic. & St. Louis R'y bonds, .
Pitts., Cin., Chic. & St. Louis R'y bonds, .
Pitts., Cin., Chic. & St. Louis R'y bonds, .
Pitts., McKeesport & Youghiogheny R.R. b'ds,
Book Value.
$73,500 00
24,500 00
47,500 00
23,750 00
23,750 00
75,000 00
50,000 00
24,750 00
100,000 00
50,000 00
50,000 00
50,000 00
50,000 00
8,000 00
5,000 00
12,000 00
50,000 00
48,000 00
50,000 00
25,000 00
100,000 00
50,000 00
40,000 00
25,000 00
89,000 00
125,000 00
9,900 00
47,000 00
50,000 00
100,000 00
50,000 00
52,000 00
50,000 00
195,400 00
50,000 CO
40,000 00
99,000 00
48,000 00
49,000 00
20,000 00
200,000 00
50,000 00
33,950 00
150,000 00
49,000 00
49,000 00
5,000 00
200,000 00
50,000 00
100,000 00
48,000 00
50,000 00
100,000 00
150,000 00
50,000 90
150,000 00
50,000 00
59,100 00
95,000 00
50,000 00
Market Value.
$75,000 00
25,000 00
49,500 00
24,625 00
24,625 00
80,625 00
61,000 00
24,250 00
104,500 00
47,500 00
55,000 00
54,000 00
53,000 00
8,160 00
5,100 00
12,240 00
56,750 00
50,500 00
57,500 00
26,250 00
102,000 00
52,000 00
47,200 00
25,500 00
90,000 00
124,375 00
9,900 00
49,820 00
50,500 00
102,000 00
54,500 00
57,200 00
53,500 00
197,500 00
55,000 00
47,400 00
101,000 00
55,680 00
50,750 00
24,200 00
220,000 00
50,500 00
34,300 00
151,500 00
50,000 00
50,000 00
5,500 00
210,000 00
52,000 00
102,000 00
49,000 00
52,500 00
104,000 00
174,000 00
53,000 00
159,000 00
56,500 00
61,360 00
95,000 00
67,000 00
254 THE INSURANCE CO. OF THE STATE OF PENNSYLVANIA.
Read Co. & Phil. & Read. C'l &I'n Co. bonds,
St. Paul & Duluth R.R. bonds, .
San Antonio & Aransas Passenger R'y bonds,
Schuylkill River East Side R.R. bonds,
So. Pacific Co. bonds,
Southern R'y bonds, ....
Southern R'y trust bonds, .
Southern Wy trust bonds, .
Steubenville & Indiana R.R. bonds,.
Terminal R.R. Association of St. Louis bonds,
Terminal R R. Association of St. Louis bonds,
Texas & Pacific R'y (Eastern Division) bonds
Tioga R.R. bonds,
Tioga R.R. bonds,
Union Pacific R R bonds, ....
West Shore R R. bonds, ....
Western N. Y. & Pennsylvania R'y bonds,
Wilmington & Weldon R.R. bonds, .
Atlantic Mutual Insurance bonds, .
Belgian government fund bonds,
Consolidated Traction Co. of N. J. bonds,
Equitable Illuminating Gas Light Co. bonds,
Harrisburg Gas Co. bonds,
Jersey City, Hoboken & Paterson St. R'y b'ds
Lehigh Valley Traction Co. bonds,
N. Y. Dock Co. bonds,
Omaha Gas Co. bonds,
Philadelphia Co. bonds, .
Philadelphia Co bonds, .
Potomac Electric Power Co bonds,
Steubenville Traction & Light Co. bonds,
Wilkinsburg & East Pittsburg St. R'y bonds,
Del. & Bound Brook R R. stock,
Hocking Valley R'y certificates,
North Pennsylvania R.R. stock,
Girard National Bank stock,
Philadelphia National Bank stock,
N. Y Dock Co. stock,
North American Wrecking Co. stock,
Philadelphia Bourse stock,
Philadelphia Bourse stock,
Philadelphia Traction Co. stock,
Underwriters' Salvage Co. of N. Y. stock,
United Gas Improvement Co. stock,
00
00
00
00
00
00
00
00
00
Book Value.
$190,000 00
9,700 00
17,800
250,000
24,500
98,000
50,000 00
50,000 00
200,000 00
40,000
150,000
16,000
17,000
5,000
150,000 00
25,000 00
99,000 00
50,000 00
44,650 00
49,000 00
100,000 00
138,000 00
25,000 00
41,000 00
46,500 00
16,500 00
25,000 00
50,000 00
50,000 00
25,000 00
25,000 00
54,000 00
19,000 00
25,000 00
50,000 00
25,000 00
10,000 00
13,500 00
29,000 00
200 00
750 00
196,000 00
1,000 00
88,250 00
00
00
00
00
00
00
Market Value.
$203,000 00
10,000 00
18,480 00
260,000 00
25,125 00
100,000 00
50,500 00
50,500 00
218,000 00
47,800
150,000
16,160
17,340
5,500
156,750
27,000 00
96,500 00
51,500 00
47,329 00
49,000 00
109,000 00
147,660 00
26,500 00
37,500 00
35,000 00
15,675 00
25,750 00
51,000 00
55,000 00
25,500 00
25,000 00
55,750 00
20,300 00
25,250 00
53,500 00
24,700 00
31,500 00
8,974 60
29,000 00
200 00
750 00
19S,000 00
1,000 00
106,000 00
$7,719,189 32 $8,115,386 60
"THE INSURANCE COMPANY OF THE STATE OF PENN-
SYLVANIA," PHILADELPHIA, PA.
[Incorporated April 18, 1794. Commenced business Nov. 5, 1794.]
Paid-up Capital, $200,000.
JOHN WELSH DULLES, President. WM. H. KILPATRICK, Secretary.
Home Office, 136 South Fourth Street,
Income.
Net fire premiums,
Deposit premiums on perpetual risks,
Interest on bonds, $ 7,753. 22 ; all other, $716.27,
$181,052 53
9,798 29
8,469 49
THE INSURANCE CO. OF THE STATE OF PENNSYLVANIA. 255
Rents, including company's own occupancy,
From all other sources, *
Total income,
Ledger assets, Dec. 31, 1903,
Total,
Disbursements
Net amount paid for fire losses,
Deposit premiums returned,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents, including company's own occupancy,
Repairs and expenses on real estate,
Real estate taxes, $3,020 ; other taxes and fees
Loss on sale or maturity of ledger assets,
Profit and loss,
Borrowed money repaid, ....
All other disbursements, ....
Total disbursements, ....
Balance,
Ledger Assets
Real estate, ....
Bonds (Schedule A),
Cash in banks and office, .
Agents' balances,
Perpetual reinsurance reclaimable,
Bills receivable,
1,951.95,
Total ledger assets,
Non-Ledger Assets.
Interest accrued on bonds, ....
Rents due and accrued on company's property,
Market value of real estate over book value, .
Reinsurance reserve on perpetuals, .
All other,
$18,283 41
716 71
$218,320 43
578,921 08
$797,241 51
$72,216 10
11,016 27
39,134 87
13,185 37
4,000 00
12,225 72
5,971 95
84 62
216 80
24,000 00
11,773 38
$193,825 08
$603,416 43
$306,533 19
226,356 75
32,496 62
27,883 84
4,427 10
5,718 93
$603,416 43
2,188
3,035
4,966
1,426
41
81
93
81
80
39
Gross assets,
$615,076 17
Assets not admitted.
Agents' balances over three months due,
Bills receivable, past due,
Depreciation in book value of bonds,
Total unadmitted assets, .
Total admitted assets,
$62 90
5,396 98
759 00
6,218 88
$608,857 29
Liabilities.
Unpaid losses, including $2,600 resisted, .
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
$18,285 96
101,712 69
180,152 54
2o6 THE INSURANCE CO. OF THE STATE OF PENNSYLVANIA.
Commissions and other charges due agents and brokers,
Borrowed money,
Miscellaneous,
$3,044 21
50,000 00
1,350 86
All liabilities, except capital and surplus, . . . $354,546 26
Surplus to policy holders, .... $254,31103
Paid-up capital, 200,000 00
Surplus over capital and general liabilities, .... 54,31103
Total liabilities, .
,857 29
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
. $6,776,895 00 $91,076 92
. 19,091,749 00 230,304 00
Total,
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, .
Net amount in force, .
. f 25,868,644 00 $321,380 92
. 10,839,338 00 133,961 45
. $15,029,306 00 $187,419 47
299,822 00 3,563 57
. $14,729,484 00 $183,855 90
Perpetual risks in force (not included above), $5,680,959 00 $200,169 48
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, . . . .
Cash dividends declared from organization of company,
Company's stock owned by directors, ....
$22,171,739 00
. 17,572,479 00
83,624 00
. 4,315,406 00
132,700 00
Schedule A.
Bonds owned by the Company.
City of Philadelphia bonds,
City of Scranton, Pa , bonds, .
Montgomery County, Pa., bonds,
City of Chester, Pa., bonds,
City of Allegheny, Pa., bonds, .
County of Allegheny bonds,
City of Pittsburg, Pa., bonds, .
City of Harrisburg bonds,
City of Cleveland, Ohio, bonds,
City of Cincinnati, Ohio, bonds,
City of Syracuse, N Y., bonds,
City of Rochester, N. Y., bonds,
City of New York, N. Y., bonds,
Book Value.
$46,680 75
5,724 50
5,213 00
5,084 50
10,346 00
10,025 00
10,982 00
20,025 00
10,300 00
10,075 00
9,605 00
5,093 50
77,202 50
Market Value.
$46,229 00
5,575 00
5,125 00
5,050 00
10,150 00
10,150 00
11,050 00
20,050 00
10,400 00
10,100 00
9,750 00
5,093 75
76,875 00
$226,356 75 $225,597 75
LUMBER INSURANCE CO. OF NEW YORK. 257
"LUMBER INSURANCE COMPANY OF NEW YORK,"
NEW YORK, N. Y.
[Incorporated June 1, 1904. Commenced business June 15, 1904.]
Paid-up Capital, $200,000.
PENDENNIS WHITE, President. RALPH H. McKELVEY, Secretary.
Home Office, 66 Broadway.
Income.
Net fire premiums, $ 119,426 17
Interest on stocks and bonds, 3,769 19
Surplus paid in, 100,000 00
Capital paid in, 200,000 00
Total income, $423,195 36
Disbursements.
Net amount paid for fire losses, $27,398 38
Commissions or brokerage, 3,390 25
Salaries, fees, etc., of officers and employees, .... 26,346 04
Taxes and fees, 301 87
All other disbursements, 2,682 53
Total disbursements, $60,119 07
Balance $363,076 29
Ledger Assets.
Stocks and bonds (Schedule A), $229,830 00
Cash in banks, 99,401 67
Agents' balances, 33,844 62
Total ledger assets, $363,076 29
Non-Ledger Assets.
Interest accrued on stocks and bonds, . . . . . 1,666 69
Gross assets, ■ . . $364,742 98
Assets not admitted.
Agents' balances over three months due, . . . . 217 64
Total admitted assets, $364,525 34
Liabilities.
Unpaid losses, $5,191 24
Unearned premiums on outstanding risks, .... 70,687 99
Commissions and other charges due agents and brokers, . 1,264 18
Due for reinsurance premiums, 4,663 83
All liabilities, except capital and surplus, . . . $81,807 24
Surplus to policy holders, .... $282,718 10
Paid-up capital, 200,000 00
Surplus over capital and general liabilities, .... 82,71810
Total liabilities, .... .... $364,525 34
258
THE LUMBERMEN S MUTUAL INSURANCE CO.
Risks and Premiums.
Fire risks written during 1904,
Risks expired and terminated, .
f7,565,574 00
652,600 00
Premiums.
$157,782 14
16,406 15
In force at end of year,
$6,912,974 00 $141,375 99
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year, ....
Company's stock owned by directors, ....
Schedule A.
Stocks and Bonds owned by the Company.
New York City bonds,
Lackawanna Steel Co. bonds, .
Niagara Falls Power Co. bonds,
Natural Food Co. bonds, .
New York City bonds,
Pullman Car Co. stock, t
Book Value.
$51,812 50
25,000 00
25,000 00
6,580 00
50,937 50
70,500 00
$157,782 00
32,810 00
31,676 00
181,300 00
Market Value.
$51,812 50
26,375 00
25,000 00
6,580 00
50,937 50
70,500 00
$229,830 00 $231,205 00
" THE LUMBERMEN'S MUTUAL INSURANCE COMPANY OF
MANSFIELD, OHIO," MANSFIELD, OHIO.
Commenced business Oct. 10, 1895.
E. S. VAIL, President. W. H. G. KEGG, Secretary.
Home Office, Corner Main and Third streets.
Income.
Net premiums, $142,552 50
Interest on mortgage loans, $424.93; collaterals, $9.20;
stocks and bonds, $1,849; all other, $1,839.33, . . . 4,122 46
From all other sources, 399 80
Total income, $147,074 76
Ledger assets, Dec. 31, 1903, . . . • . . . . 136,856 35
Total, $283,931 11
Disbursements.
Net amount paid for losses, $26,877 86
Profits on terminated policies, 33,597 09
Commissions or brokerage, 6,991 47
Salaries, fees, etc., of officers and employees, 10,988 00
Rents, 480 04
Taxes and fees, 1,613 49
All other disbursements, 8,807 20
Total disbursements, $89,355 15
Balance, $194,575 96
THE LUMBEKMEN'S MUTUAL INSURANCE CO. 259
Ledger Assets.
Mortgages, |6,787 44
Loans secured by collateral (23 shares Mans. Pure Milk Co.), 704 20
Stocks and bonds (Schedule A), ' . 89,209 45
Cash in banks, 81,990 94
Agents' balances, 15,883 93
Total ledger assets, f 194,575 96
Non-Ledger Assets.
Interest accrued : —
On mortgages, $145.25; bonds, $502; collateral loans,
$67.70; other assets, $774.22, 1,489 17
Gross assets, $196,065 13
Assets not admitted.
Depreciation in book value of bonds, 1,443 20
Total admitted assets, $194,621 93
Liabilities.
Losses resisted, $1,5C0 00
Unearned premiums on outstanding risks, .... 71,276 25
Commissions and other charges due agents and brokers, . 3,415 92
All liabilities, except surplus, $76,192 17
Surplus 118,429 76
Total liabilities, ..." $194,621 93
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31,1903, $3,619,460 00 $102,559 32 $307,677 96
Risks written during 1904, . 5,682,133 00 162,667 56 488,002 68
Total, $9,301,593 00 $265,226 88 $795,680 64
Risks expired and terminated, . 4,177,789 00 122,674 38 368,023 14
In force at end of year, . . $5,123,804 00 $142,552 50 $427,657 50
Miscellaneous.
Losses incurred during the year, $26,878 00
Profits or surplus returned during 1904, 33| per cent.
Schedule A.
Stocks and Bonds owned by the Company.
Book Value. Market Value.
United States bonds, $66,704 45 $65,26125
Shelby, Ohio, city bonds, 2,010 00 2,010 00
75 shares Farmers' National Bank, . . . 8,495 00 8,625 00
3 " Mansfield Building and Loan Asso., 12,000 00 12,000 00
$89,209 45 $87,896 25
2 GO manufacturers' mutual FIRE INSURANCE CO.
" MANUFACTURERS' MUTUAL FIRE INSURANCE COMPANY OF
RHODE ISLAND," PROVIDENCE, R. I.
[Incorporated 1835. Commenced business Dec. 1, 1835.]
JOHN R. FREEMAN, President. ROSCOE L. COLMAN, Secretary.
Home Office, 10 Weybosset Street.
Income.
Net premiums $460,630 48
Interest on stocks and bonds, $17,757.44; all other, $ 1,312.56, 19,070 00
Premiums paid in advance, 50 00
Total income, $479,750 48
Ledger assets, Dec. 31, 1903, 461,214 57
Total, $940,965 05
Disbursements.
Net amount paid for losses, $37,388 88
Profits on terminated policies, 374,161 02
Salaries, fees, etc., of officers and employees, .... 8,951 71
Rents, 787 22
Taxes and fees, 8,330 71
Inspections, 6,390 67
All other disbursements, 1,979 10
Total disbursements, $437,989 31
Balance, $502,975 74
Ledger Assets.
Stocks and bonds (Schedule A), $462,87193
Cash in banks, 31,711 24
Premiums in course of collection, 8,392 57
Total ledger assets, $502,975 74
Non-Ledger Assets.
Interest due and accrued : —
On bonds, $941.67; other assets, $3,909.93 4,85160
Market value of stocks and bonds over book value, . . 139,189 82
Gross assets, $647,017 16
Liabilities.
Unpaid losses, $1,153 66
Unearned premiums on outstanding risks, .... 226,762 31
State taxes accrued, 7,228 39
All liabilities, except surplus, $235,144 36
Surplus, 411,872 80
Total liabilities, $647,017 16
THE MECHANICS' INSURANCE CO.
2(51
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1903, $49,797,630 00 $405,794 44 $2,028,972 20
Risks written during 1904, . 60,249,743 00 481,545 73 2,407,728 65
Total, . . . . $110,047,373 00 $ 887 ,340 17 f 4,436,700 85
Risks expired and terminated, . 53,555,779 00 433,815 55 2,169,077 75
In force at end of year, . . f 56,491,594 00 $453,524 62 $2,267,623 10
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 90.65 per cent.
$36,144 00
Schedule A.
Stocks and Bonds owned by the Company.
United States bonds,
Rhode Island State bonds,
150 shares Providence & Worcester R.R.,
100
100
1,400
60
843
110
100
100
110
200
300
300
210
100
100
Boston & Providence R.R, .
Rome, Watertown & Ogden. R.R.
Pennsylvania R.R.,
Old Colony R.R., .
Northern Securities Co.,
N. Y„ N. H. & Hartford R.R.,
Chic, Mil. & St Paul R.R., .
Clev., Cin., Ch. & St. Louis R.R.,
Chic, Burlington & Quincy R.R.,
Chicago & Northwestern R.R.,
Union Pacific R.R.,
Illinois Central R.R., .
American National Bank, Prov,
National Bank of Com., Prov.,
Manhattan R'y Co.,
Book Value.
f 10,000 00
50,000 00
32,500 00
25,300 00
11,812 50
84,173 61
10,797 87
52,261 30
24,612 50
17,337 50
9,925 00
13,362 50
32,935 63
26,189 07
39,576 95
5,100 00
3,600 00
13,387 50
Market Value.
$13,100 00
52,000 00
43,200 00
30,200 00
13,800 00
96,600 00
12,300 00
111,486 75
21,835 00
18,450 00
11,400 00
24,860 00
41,400 00
29,250
46,950
13,230
5,500
16,500
00
00
00
00
00
$462,871 93 $602,061 75
"THE MECHANICS' INSURANCE COMPANY OF PHILADELPHIA,"
PHILADELPHIA, PA.
[Incorporated April 13, 1854. Commenced business May 4, 1854.]
Paid-up Capital, $250,000.
SIMON J. MARTIN, President. JOHN A. SNYDER, Secretary.
Home Office, 500 Walnut Street.
Income.
Net fire premiums, 1312,147 30
Deposit premiums on perpetual risks, 17,901 53
Interest on mortgage loans, $13,848.63; collaterals, $2,146.41 ;
stocks and bonds, $21,900; all other, $683.90, . . . 38,578 94
262 THE mechanics' INSURANCE CO.
Rents, including company's own occupancy, .... $ 4,601 67
From all other sources, 402 50
Total income, $373,631 94
Ledger assets, Dec. 31, 1903, less commissions due, . . 963,294 27
Total, $1,336,926 21
Disbursements.
Net amount paid for fire losses, $166,358 66
Deposit premiums returned, 12,524 78
Interest and dividends to stockholders, 20,000 00
Commissions or brokerage, 88,859 57
Salaries, fees, etc., of officers and employees, .... 15,568 59
Rents, including company's own occupancy, .... 2,500 00
Repairs and expenses on real estate, 985 97
Real estate taxes, $965.25 ; other taxes and fees, $11,207.60, 12,172 85
Loss on sale or maturity of ledger assets, .... 1,246 58
All other disbursements, 18,758 80
Total disbursements, $338,975 80
Balance, $997,950 41
Ledger Assets.
Real estate, $81,732.25; mortgages, $255,585,
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B), .
Cash in banks and office,
Agents' balances,
Perpetual reinsurance deposits,
$337,317 25
60,100 00
533,539 34
27,885 22
35,855 33
3,253 27
Total ledger assets, $997,950 41
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $3,039.42; stocks and bonds, $4,611.64; col-
lateral loans, $165.28, 7,816 34
Market value of stocks and bonds over book value, . . 46,589 41
Gross assets, $1,052,356 16
Assets not admitted.
Depreciation in book value of real estate, .... 2,732 25
Total admitted assets, $1,049,623 91
Liabilities.
Unpaid losses, including $1,570.25 resisted, $47,109.52; less
reinsurance, $7,623.26, $39,486 26
Unearned premiums on outstanding risks, $233,584.08; plus
same on disallowed reinsurance, $28,701.47, . . . 262,285 55
Reclaimable on perpetual fire policies, 285,760 05
All liabilities, except capital and surplus, . . . $587,531 86
THE MECHANICS' INSURANCE CO.
263
Surplus to policy holders,
Paid-uj) capital,
Surplus over capital and general liabilities,
Total liabilities, ....
$462,092 05
|250,000 00
212,092 05
$1,049,623 91
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
),741,431 00
. 32,713,955 00
. $73,455,386 00
. 29,102,011 00
. $44,353,375 00
. 4,410,027 00
.$39,943,348 00
Perpetual risks in force (not included above), $13,679,978 00
Premiums.
$468,159 90
409,559 92
$877,719 82
377,471 65
$500,248 17
56,511 25
$443,736 92
$315,373 94
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, ....
$4,935,538 00
2,742,704 00
170,148 00
640,660 00
20,000 00
55,875 00
Schedule A.
Securities held as Collateral
Philadelphia City Passenger R'y bonds,
Philadelphia Electric Co. certificates,
Lehigh Valley R.R. Co stock, .
Lehigh Coal & Navigation Co. stock,
Market Value. Loaned Thereon.
$10,000 00 $9,100 00
3,000 00 1,000 00
50,000 00
5,000 00
50,000 00
Schedule B.
$68,000 00 $60,100 00
Stocks and Bonds owned by the Company.
Phil., Wilmington & Baltimore R.R. bonds,
Union Passenger R'y bonds,
Borough of Clifton Heights, Pa., bonds, .
Schuylkill River E. S. R.R. bonds, .
Northern Pacific Terminal bonds, .
Philadelphia & Erie R.R. gold bonds,
North Pennsylvania R.R. bonds,
The Toledo Electric St. Pass. R'y Co. bonds,
United States bonds,
Con. Traction Co. of New Jersey bonds, .
Second Ave. Traction Co., Pittsburg, bonds,
Terminal R.R. Asso. of St. Louis bonds, .
Commonwealth of Pennsylvania bonds, .
City of Altoona, Pa., bonds,
Book Value.
$2,180 00
21,000 00
3,000 00
30,900 00
10,825 00
28,000 00
13,255 00
10,000 00
6,181 25
8,435 00
10,000 00
10,000 00
5,050 00
8,000 00
Market Value.
$2,050 00
21,525 00
3,000 00
31,125 00
11,575 00
28,840 00
11,962 50
10,000 00
6,468 75
10,800 00
11,500 00
11,712 50
5,000 00
8,030 00
264
mechanics' mutual FIRE INSURANCE CO.
Lehigh Valley R.R. bonds,
City of Philadelphia bonds,
City of Philadelphia bonds,
Pitts., Cin , Chic. & St. Louis R'y Co. bonds,
Allegheny Valley R.R. bonds, .
Second Avenue R.R., N. Y., bonds, .
Pennsylvania Co. loan bonds, .
Camden & Suburban R'y Co. bonds,
Edison Electric Light bonds, .
Philadelphia Co. bonds, ....
Suburban Rapid Transit Co., Pittsburg, bonds
L. S. & M S. R'y Co. bonds, .
Lehigh Valley Coal Co. bonds,
Chesapeake & Ohio R'y car trust bonds, .
200 bhares Fair. Park & Hadd. Pass. R'y Co.
100
30
20
1,000
1,000
Union Pass. R'y Co.,
13th & 15th Sts. Pass. R'y,
2d & 3d Streets Pass. R'y,
Philadelphia Traction Co.,
Union Traction Co.,
Book Value.
$9,825 00
21,063 00
3,042 50
11,025 00
6,487 50
18,000 00
14,700 00
16,014 58
18,902 50
22,144 25
15,505 00
10,000 00
10,000 00
19,726 00
12,025 01
18,337 50
5,883
3,982
82,375
47,575
75
50
00
00
Market Value.
$10,612 50
20.275
3,045
11,062
5,750
16,650
14,850
16,200
18,742
21,550
14,840
10,012
11,200
20,000
14,500
23,900 00
9,300 00
6,050 00
99,000 00
59,000 00
00
00
50
00
00
00
00
50
00
00
50
00
00
00
$533,539 34 $580,128 75
"MECHANICS' MUTUAL FIRE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated 1871. Commenced business 1871.]
JOHN R. FREEMAN, President. ROSCOE L. COLMAN, Secretary.
Home Office, 10 Weybosset Street.
Income.
Net premiums, $311,760 04
Interest on stocks and bonds, $9,659.63 ; all other, ft 1,789. 40, 11,449 03
Premiums paid in advance, 50 00
Total income,
Ledger assets, Dec. 31, 1903,
$323,259 07
282,559 91
Total $605,818 98
Disbursements.
Net amount paid for losses, ....
Profits on terminated policies, ....
Salaries, fees, etc., of officers and employees, .
Rents, .
Taxes and fees, . . . ...
Loss on sale or maturity of ledger assets,
Inspections,
All other disbursements,
Total disbursements,
Balance,
$14,058 44
248,962 23
6,206 17
524 82
5,563 15
4,321 01
4,257 22
1,374 77
$285,267 81
$320,551 17
mechanics' mutual FIRE INSURANCE CO. 265
Ledger Assets.
Stocks and bonds (Schedule A), $236,730 27
Cash in banks, 77,564 89
Premiums in course of collection, 6,256 01
Total ledger assets, $320,551 17
Non-Ledger Assets.
Interest due and accrued : —
On bonds, $975; other assets, $1,827.68 2,802 68
Market value of stocks and bonds over book value, . . 71,798 98
Gross assets, $395,152 83
Liabilities.
Unpaid losses, $948 69
Unearned premiums on outstanding risks, .... 153,382 08
State taxes accrued, 4,917 08
All liabilities, except surplus, $159,247 85
Surplus, 235,904 98
Total liabilities, $395,152 83
Risks and Premiums.
Amount. Cash Pi em's. Conting't Prem's.
Risks outstanding Dec. 31, 1903, $33,173,021 00 $271,696 25 $1,358,481 25
Risks written during 1904, . 40,534,360 00 325,782 94 1,628,914 70
Total, $73,707,38100 $597,479 19 $2,987,395 95
Risks expired and terminated, . 35,720,774 00 290,715 03 1,453,575 15
In force at end of year, . . $37,986,607 00 $306,764 16 $1,533,820 80
Miscellaneous.
Losses incurred during the year, $13,386 00
Profits or surplus returned during 1904, 90 per cent.
Schedule A.
Stocks and Bonds owned by the Company.
Book Value. Market Value.
United States bonds,
Rhode Island State bonds,
100 shares Rome, Watert'n & Ogden. R R.,
100 " N. Y., Lack. & Western R.R., .
800 " Pennsylvania R.R., .
100 " Clev., Gin., Chic. & St. Louis R.R ,
110 " Chicago, Burl. & Quincy R.R.,
300 " Union Pacific R.R., .
83 " Nat'l Bank of Com., Prov., R. I.,
473 " Northern Securities Co., .
100 " Manhattan R'y Co., .
50 " Providence Gas Co.
$15,000 00 $19,650 00
50,000 00 52,000 00
11,812 50 13,800 00
12,200 00 13,700 00
46,000 00 55,200 00
10,162 50 11,400 00
13,362 50 24,860 00
26,089 07 29,250 00
3,315 00 4,565 00
30,276 20 62,554 25
13,387 50 16,500 00
5,125 00 5,050 00
$236,730 27 $308,529 25
2Q6
mechanics' and traders' INSURANCE CO.
"MECHANICS 1 AND TRADERS 1 INSURANCE COMPANY,"
NEW ORLEANS, LA.
[Incorporated Oct. 15, 1869. Commenced business Nov. 1, 1869.]
Paid-up Capital, $300,000.
JAMES NICHOLS, President. R. L. EMERY, Secretary.
Home Office, 144 Carondelet Street.
Income.
Net fire premiums, $343,830.55; marine. $4,111.35, . . $347,94190
Interest on stocks and bonds, $18,810.56 ; all other, $487.41, 19,297 97
Rents, including company's own occupancy, .... 2,400 00
Profit on sale or maturity of ledger assets, .... 28 65
From all other sources, 9 80
Total income, $369,678 32
Ledger assets, Dec. 31, 1903, . 569,565 46
Total, $939,243 78
Disbursements.
Net amount paid for losses, $214,960 03
Commissions or brokerage, 70,806 65
Salaries, fees, etc., of oflScers and employees, .... 18,256 95
Rents, including company's own occupanc} T , .... 300 00
Repairs and expenses on real estate, 202 00
Real estate taxes, $533.82 ; other taxes and fees, $10,484.79, . 11,018 61
Loss on sale or maturity of ledger assets, .... 787 35
All other disbursements, 10,925 52
Total disbursements, $327,257 11
Balance, $611,986 67
Ledger Assets
Real estate, ....
Stocks and bonds (Schedule A),
Cash in banks, ....
Agents 1 balances,
Bills receivable, not matured, .
Total ledger assets,
$22,400 00
502,368 30
51,755 45
33,412 21
2,050 71
?611,986 67
Non-Ledger Assets.
Market value of real estate over book value, .
Market value of stocks and bonds over book value,
3,000 00
19,196 10
Gross assets,
$634,182 77
MECHANICS AND TRADERS INSURANCE CO.
267
Liabilities.
Unpaid losses, including $7,450 resisted, $33,626.04 ; less re-
insurance, $20,206.25, $13,419 79
Unearned premiums on outstanding risks, $208,405.13 ; plus
same on disallowed reinsurance, $3,544.30, . . . . 211,949 43
All liabilities, except capital and surplus, . . . $225,369 22
Surplus to policy holders, .... $408,813 55
Paid-up capital, 300,000 00
Surplus over capital and general liabilities, .... 108,813 55
Total liabilities, $634,182 77
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
Marine risks written during 1904,
Risks expired and terminated, .
. $33,680,962 00
. 41,462,533 00
. $75,143,495 00
. 34,674,510 00
.$40,468,985 00
. 9,339,079 00
Premiums.
$420,023 56
543,274 43
$963,297 99
430,984 43
$532,313 56
136,927 53
. $31,129,906 00 $395,386 03
. $4,376,358 00
. 4,376,358 00
515,791 40
15,791 40
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Company's stock owned by directors, .
J8,750,813 00
4,811,880 00
211,396 00
1,178,337 00
120,800 00
Schedule A.
Stocks and Bonds owned by the Company.
Louisiana State bonds,
City of New Orleans bonds
Lafourche Basin Levee District bonds, .
New Orleans City & Lake R.R. bonds, .
Kansas City, Ft. Scott & Memphis R.R. bonds,
150 shares People's Sav. Tr. & Bk. Co., 1ST. O.,
6 " Hibernia B'k & Tr. Co., New Or., .
15 ■« Provident Sav. & Tr. Dep. Co.,
200 " Standard Guano & Chem. Mfg. Co.,
50 " Standard Cotton Seed Oil Co.,
30 " National Acid Co., New Orleans, .
Book Value.
$150,903 75
238,799 85
26,875 00
6,060
17,750
11,400
1,499
1,430
40,000 00
3,750 00
3,900 00
00
00
00
70
00
Market Value.
$154,062 50
239,936 90
27,875 00
6,675 00
17,750 00
22,200 00
3,090 00
2,325 00
40,000 00
3,750 00
3,900 00
$502,368 30 $521,564 40
268
MERCANTILE MUTUAL FIRE INSURANCE CO.
"MERCANTILE MUTUAL FIRE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated May, 1884. Commenced business August, 1884.]
HENRY T. GRANT, President. ALFRED U. EDDY, Secretary.
Home Office, 10 Weybosset Street.
Income.
Net premiums $200,135 28
Interest on collaterals, $371.46; stocks and bonds, $7,125 ;
all other, $300.95, . 7,797 41
Profit on sale or maturity of ledger assets, .... 887 50
Total income $ 208,820 19
Ledger assets, Dec. 31, 1903, 169,072 03
Total, $377,892 22
Disbursements.
Net amount paid for losses, ....
Profits on terminated policies, ....
Salaries, fees, etc., of officers and employees, .
Rents,
Taxes and fees,
All other disbursements,
Total disbursements,
Balance,
$31,836 56
148,011 30
13,470 00
1,100 00
4,135 82
7,770 78
$206,324 46
$171,567 76
Ledger Assets.
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B), .
Cash in banks,
Premiums in course of collection, .
Endorsed call loan,
Total ledger assets,
Non-Ledger Assets.
Interest due : —
On bonds, $75; collateral loans, $115.61; other assets,
$1,466.36,
Market value of stocks and bonds over book value,
$4,600 00
127,879 25
32,969 20
5,119 31
1,000 00
$171,567 76
1,656 97
40,845 75
Gross assets,
Assets not admitted.
Premiums in course over three months due, .
Loans on personal security, .
Total unadmitted assets, ....
Total admitted assets, .
.
$214,070 48
».
$103 13
1,000 00
1,103 13
$212,967 35
MERCANTILE MUTUAL FIRE INSURANCE CO.
269
Liabilities.
Unpaid losses, including $78.74 resisted, .... $55198
Unearned premiums on outstanding risks, .... 99,528 53
Salaries and other miscellaneous expenses, due or accrued, . 3,981 14
All liabilities, except surplus, $104,061 65
Surplus, 108,905 70
Total liabilities, $212,967 35
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1903, $21,186,620 00 $191,754 50 $958,772 50
Risks written during 1904, . 23,138,442 00 212,122 04 1,060,610 20
Total, $44,325,062 00 $403,876 54 $2,019,382 70
Risks expired and terminated, . 22,849,294 00 204,819 48 1,024,097 40
In force at end of year,
.$21,475,768 00 $199,057 06 $995,285 30
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1904, 77 per cent.
$21,949 00
Schedule A.
Securities held as Collateral.
Market Value. Loaned Thereon.
Denver City Tramway Co. bond, . . . $1,000 00^
75 shares Producers' National Bank, . . 2,400 00 |
30 " National Bank of Commerce, . . 1,680 00 } $4,600 00
5 " American Telephone & Tel. Co., . 70C 00 |
13 " American Screw Co., . . . 1,300 00 )
$7,080 00 $4,600 00
Schedule B.
Stocks and Bonds owned' by the Company.
United States bonds,
250 shares Illinois Central R.R.,
100 " Boston & Maine R.R., .
100 " Union Pacific R.R., .
100 " Pennsylvania R.R., .
150 " Rhode Island Investment Co.,
100 " American Express Co., .
100 " Wells Fargo Co., .
100 " American Telephone & Tel. Co.,
Book Value.
$10,987 50
25,416 75
19,525 00
8,425 00
11,975 00
15,250 00
11,075 00
13,025 00
12,200 00
Market Value.
$10,500 00
39,250 00
17,200 00
9,800 00
13,900 00
18,000 00
20,900 00
24,300 00
14,875 00
$127,879 25 $168,725 00
270 merchants' mutual FIRE INSURANCE CO.
"MERCHANTS' MUTUAL FIRE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated Oct. 12, 1874. Commenced business Nov. 1, 1874.]
WILLIAM B. McBEE, President. JAMES H. SWEET, Secretary.
Home Office, 10 Weybosset Street.
Income.
Net premiums $284,424 40
Interest on stocks and bonds, $12,627 . 33 ; all other, $ 1,694 . 19, 14,321 52
Profit on sale or maturity of ledger assets, . . . . 1,251 10
Total income, $299,997 02
Ledger assets, Dec. 31, 1903, 315,174 09
Total $615,171 11
Disbursements.
Net amount paid for losses, $21,331 10
Profits on terminated policies, 239,803 01
Salaries, fees, etc., of officers and employees, .... 5,477 62
Rents, 639 97
Taxes, 5,257 89
Inspections, 4,003 78
All other disbursements, 1,130 19
Total disbursements, $277,643 56
Balance, $337,527 55
Ledger Assets.
Stocks and bonds (Schedule A) ' . $287,502 50
Cash in banks, 44,544 75
Premiums in course of collection, 5,480 30
Total ledger assets, $337,527 55
Non-Ledger Assets.
Interest accrued : —
On stocks and bonds, $4,061.20; other assets, $507.59, . . 4,568 79
Market value of stocks and bonds over book value, . . 63,702 50
Gross assets, $405,798 84
Assets not admitted.
Premiums in course over three months due, .... 2 50
Total admitted assets, $405,796 34
merchants' mutual FIRE INSURANCE CO.
271
Liabilities.
Unpaid losses, $914 62
Unearned premiums on outstanding risks, .... 140,062 00
Taxes, 4,610 82
All liabilities, except surplus, $ 145,587 44
Surplus, 260,208 90
Total liabilities, $405,796 34
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1903, $31,198,074 00 $257,321 41 $1,286,607 05
Risks written during 1904, . 86,850,271 00 296,686 31 1,483,431 55
Total, $68,048,345 00 $554,007 72 $2,770,038 60
Risks expired and terminated, . 33,666,461 00 273,883 72 1,369,418 60
In force at end of year,
. $34,381,884 00 $280,124 00 $1,400,620 00
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 91.54 per cent.
$20,298 00
Schedule A.
Stocks and Bonds owned by the Company.
Rhode Island State bonds,
United States bonds,
Chicago, Burlington & Quincy R.R. bonds,
United Traction & Electric Co. bonds,
Gt. Northern & North Pacific bonds,
Long Island R.R. bonds, ....
240 shares Illinois Central R.R.,
100 " Mahoning Coal Co.,
150 " Hereford Co., ....
50 " Albany & Susquehanna R.R , .
115 " Chicago & Northwestern R.R ,
100 " Rome, Watertown & Og. R.R.,
471 " Pennsylvania R.R
200 " Morris & Essex R.R.,
50 " Rensselaer & Saratoga R.R., .
85 " Pitts., Ft. Wayne & Chicago R.R.,
75 " National Bank of North America,
50 " Upper Coos R.R. Co., .
50 " Pitts., Bessemer & Lake Erie R.R.
100 " Lime Rock National Bank,
82 " Merchants' National Bank,
50 u Mechanics' National Bank,
250 " Manhattan Elevated R'y,
50 " Atlanta & Charlotte Air Line R.R.,
50 " Cleve., Cin. & Chic. R.R.,
Book Value.
$30,000 00
9,000 00
3,000 00
10,000 00
13,991 51
4,950 00
24,078 75
6,050 00
15,128 13
12,150 00
11,500 00
10,000 00
29,896 95
18,740 86
9,900 00
15,302
3,625
7,450
3,851
500
4,100
2,500 00
28,037 50
8,000 00
5,750 00
50
00
00
30
00
00
Market Value.
$32,175 00
11,767 00
2,945 00
11,075 00
29,290 00
5,075 00
37,500 00
6,000 00
14,925 00
11,750 00
23,805 00
13,550 00
32,557 00
18,750 00
10,300 00
15,682 00
6,375 00
7,000
3,600
150
7,134
2,600
33,000 00
8,300 00
5,900 00
00
00
00
00
00
$287,502 50 $351,205 00
272 MIDDLESEX MUTUAL ASSURANCE CO.
"MIDDLESEX MUTUAL ASSURANCE COMPANY,"
MIDDLETOWN, CONN.*
[Incorporated June 2, 1836. Commenced business June 13, 1836.]
O. VINCENT COFFIN, President. C. W. HARRIS, Secretary.
Home Office, 151 Main Street.
Income.
Net fire premiums, $124,621 57
Interest on stocks and bonds, 30,408 58
Rents 9,701 78
Total income, $164,731 93
Ledger assets, Dec. 31, 1903, 752,689 89
Total, $917,421 82
Disbursements.
Net amount paid for fire losses, $103,745 52
Commissions or brokerage, 19,807 92
Salaries, fees, etc., of officers and employees, .... 22,199 00
Repairs and expenses on real estate, 1,827 09
Real estate taxes, $2,955.31; other taxes and fees, $2,115.61, . 5,070 92
All other disbursements, 8,210 99
Total disbursements, $160,861 44
Balance, $756,560 38
Ledger Assets.
Real estate $194,000 00
Stocks and bonds (Schedule A) 500,550 00
Cash in banks, 42,067 08
Agents' balances, 19,943 30
Total ledger assets, $756,560 38
Non-Ledger Assets.
Market value of stocks and bonds over book value, . . 150,590 00
Gross assets $907,150 38
Assets not admitted.
Agents 1 balances over three months due, .... 4,887 06
Total admitted assets, $902,263 32
* A mutual company.
MIDDLESEX MUTUAL ASSURANCE CO.
273
Liabilities.
Unpaid losses, including $1,630 resisted, $10,440 75
Unearned premiums on outstanding risks, $208,872.65 ; plus
same on disallowed reinsurance, $25.01, .... 208,897 66
All liabilities, except surplus, .
Surplus,
$219,338 41
682,924 91
Total liabilities, $902,263 32
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
.$50,921,611 00 $446,570 81
. 15,958,427 00 132,614 27
Total,
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, .
Net amount in force, .
. $66,880,038 00 $579,185 08
. 16,877,901 00 153,451 67
. $50,002,137 00 $425,733 41
6,525 00 50 02
. $49,995,612 00 $425,683 39
Miscellaneous.
Losses paid from organization of company, .
Fire losses incurred during the year,
1,543,763 00
106,846 00
Schedule A.
Stocks and Bonds owned by the Company.
Middletown, Conn., town bonds,
Portland, Conn., town bonds, .
Nebraska Loan & Trust Co. bonds, .
Omaha Water Co. bonds, ....
W. & B. Douglas Co. bonds,
Baltimore & Ohio R.R. Co. bonds, .
Cleve., Cin., Chicago & St. Louis R.R. bonds,
Louisville & Nashville R.R. bonds, .
Union Pacific R.R. bonds, ....
Pennsylvania R.R. bonds
St. Paul, Minn. & Manitoba R.R. bonds, .
Cin., Indianapolis & Western R.R. bonds,
605 shares N. Y., N. H. & Hartford R.R.,
100 " Louisville & Nashville R.R., .
345 " Chicago & Northwestern R.R.,
150 " Middletown National Bank, Conn.,
40 " First Nat'l B'k, Middletown, Conn.,
42 •• Middlesex Co. N 1 ! B% Middlet'n,
30 " Central Nat'l Bank, Middletown,
6 " First National Bank, Portland,
90 " Omaha Water Co., .
800 " Pennsylvania R.R. Co., .
200 » Illinois Central R.R.,
Book Value.
$9,000 00
26,000 00
19,750 00
10,000 00
5,000 00
40,000 00
40,000 00
40,000 00
20,000 00
20,000 00
25,000 00
10,000 00
60,500 00
10,000 00
34,500 00
11,250 00
4,000 00
4,200
2,250
600
2,000
40,000
00
00
00
00
00
20,000 00
Market Value.
$9,000 00
26,000 00
19,750 00
10,000 00
5,000 00
37,500 00
40,200 00
41,900 00
22,750 00
20,600 00
34,000 00
9,900 00
120,395 00
13,925 00
74,660 00
15,750
4,000
3,780
2,310
600
2,000
55,300
31,300
00
00
00
00
00
00
00
00
274 millers' national insurance co.
Book Value. Market Value.
Kansas City, Ft. Scott & Memphis bonds, . $ 12,000 00 $10,740 00
Iowa Falls & Sioux City bonds, . . . 9,500 00 12,255 00
Chicago & Eastern Illinois bonds, . . . 10,000 00 12,000 00
East Orange, N. J., water bonds, . . . 15,000 00 15,525 00
$500,550 00 $651,140 00
" MILLERS' NATIONAL INSURANCE COMPANY," CHICAGO, ILL.
[Incorporated Feb. 16, 1865. Commenced business Sept. 1, 1869.]
Paid-up Capital, $200,000.
C. H. SEYBT, President. W. L. BARNUM, Secretary.
Home Office, 205 La Salle Street.
Income.
Net fire premiums, $183,868 99
Interest on stocks and bonds and mortgages, . . . * . 37,464 66
Assessments on deposit notes, 353,704 75
Total income, $575,038 40
Ledger assets, Dec. 31, 1903, 709,592 96
Total, : $1,284,631 36
Disbursements.
Net amount paid for fire losses, $303,634 87
Commissions or brokerage, 27,652 24
Salaries, fees, etc., of officers and employees, .... 58,315 00
Taxes and fees, 11,533 11
All other disbursements, 14,138 05
Total disbursements, $415,273 27
Balance, $869,358 09
Ledger Assets.
Mortgages $116,000 00
Stocks and bonds (Schedule A), . . . '. . . 792,214 05
Cash in banks and office, 99,143 51
Office premiums in course of collection, 17,372 37
$1,024,729 93
Deduct guarantee deposits, 155,371 84
Total ledger assets, $869,358 09
Non-Ledger Assets.
Interest accrued : —
On mortgages, $2,214.41 ; stocks and bonds, $11,216.35, . 13,430 76
Market value of stocks and bonds over book value, . . 39,491 00
Deposit notes 3,024,080 22
Gross assets $3,946,360 07
millers' NATIONAL INSURANCE CO.
275
Assets not admitted.
Deposit notes, .
Total admitted assets,
$3,024,080 22
$922,279 85
Liabilities.
Unpaid losses < $28,267 45
Unearned premiums on outstanding risks, .... 214,663 98
Commissions and other charges due agents and brokers, . 2,924 05
Due for return premiums, 2,327 84
All liabilities, except capital and surplus, . . . $248,183 32
Surplus to policy holders, .... $674,096 53
Paid-up capital, 200,000 00
Surplus over capital and general liabilities, .... 474,096 53
Total liabilities, $ 922,279 85
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
.$30,971,641 00
. 18,474,717 00
Total $49,446,358 00
Risks expired and terminated, .... 18,124,085 00
Premiums.
$519,696 19
294,826 52
$814,522 71
288,692 15
In force at end of year,
.$31,322,273 00 $525,830 56
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
$6,630,251 00
4,632,915 00
290,381 00
Schedule A.
Stocks and Bonds owned by the Company.
United States, D. C, bonds,
Cook Co., 111., bonds, ....
Chicago Board of Trade bonds,
North Chicago City R'y bonds,
St Lo., Cass Ave. & Fair Grounds R.R. bonds
Illinois Central R.R. bonds,
Chic, Milwaukee & St. Paul R.R. bonds,
Chic, Burlington & Quincy R.R. bonds, .
North Chicago Electric R'y bonds, .
Chicago Electric Transit R'y bonds,
Sanitary District of Chicago bonds,
Marseilles, 111., bonds,
Osgood, Ind., bonds, .
Aberdeen, So. Dak., bonds,
Des Plaines, 111., bonds, .
Town of Wade, 111., bonds,
Lincoln, 111., bonds, ,
Bonne Terre, Mo., bonds, .
Book Value.
$50,000 00
60,000 00
10,000 00
10,000 00
25,000 00
25,000 00
10,000 00
13,000 00
10,000 00
25,000 00
10,000 00
3,000 00
2,000 00
10,000 00
2,056 35
15,000 00
25,000 00
14,000 00
Market Value.
$60,000 00
60,000 00
10,200 00
10,000 00
25,625 00
26,000 00
11,000 00
13,260 00
10,000 00
25,000 00
10,500 00
3,000 00
2,000 00
10,000 00
2,056 35
15,000 00
25,000 00
14,000 00
276
MILWAUKEE FIRE INSURANCE CO.
Poplar Bluff, Mo., bonds, .
Windsor, 111., bonds, .
Mechanics burg, 111., bonds,
White County, Ind , bonds,
Lawrence County, 111., bonds, .
Mishawaka, Ind., bonds, .
Jasper County, Ind., bonds,
Sullivan County, Ind., bonds, .
Chic. Gas Light & Coke Co. bonds, .
Kahoka, Mo., bonds, ....
Doniphan, Mo , bonds,
Mead County, So. Dak., bonds,
St. Claire County, 111., bonds, .
Caruthersville, Mo., bonds,
Stoddard County, Mo., bonds, .
St Louis Terminal R.R, bonds,
Pere Marquette R.R. bonds,
Cin., Findlay & Ft. Wayne R.R. bonds,
Illinois Central R.R. bonds,
Brainerd School District, Minn., bonds,
Hillsboro, 111., bonds,
Dysart, Iowa, bonds,
Macomb, 111., bonds, .
Monett, Mo., bonds, .
Farmington, 111., bonds,
South Side Elevated R'y, Chicago, bonds
Halstad, Minn., bonds,
Willow Springs, Mo., bonds, .
Fergus Falls, Minn., bonds,
South Side Elevated R'y, Chicago, stock,
Chicago National Bank stock, .
Book Value.
810,000 00
10,000 00
2,500 00
10,000 00
6,000 00
14,000 00
5,000 00
1,000 00
10,000 00
12,800 00
15,000 00
1,800 00
7,000 00
26,000 00
15,657 70
50,000 00
50,000 00
25,000 00
25,000 00
22,000 00
17,000 00
10,000 00
14,000 00
18,800 00
9,500 00
5,000 00
9,000 00
5,000 00
45,000 00
11,100 00
10,000 00
Market Value.
$10,000 00
10,000 00
2,500 00
10,000 00
6,000 00
14,000 00
5,000 00
1,000 00
10,500 00
12,800 00
15,000 00
1,800' 00
7,000 00
26,000 00
15,657 70
49,750 00
51,250 00
24,250 00
25,500 00
22,000 00
17,000 00
10,000 00
14,000 00
18,800 00
9,500 00
5,100 00
9,000 00
5,000 00
45,000 00
10,656 00
35,000 00
$792,214 05 $831,705 05
"MILWAUKEE FIRE INSURANCE COMPANY," MILWAUKEE, WIS.
[Incorporated March 22, 1898. Commenced business March 23, 1898.]
Paid-up Capital, $200,000.
WM. L. JONES, President. H. A. NOLTE, Secretary.
Home Office, 442 City Hall Square.
Income.
Net fire premiums, $306,593 07
Interest on mortgage loans, $10,983.83; stocks and bonds,
$10,471.85; all other, $621.88, 22,077 56
Profit on sale or maturity of ledger assets, .... 8,006 25
From all other sources, 5,760 64
Total income $342,437 52
Ledger assets, Dec. 31, 1903 551,304 97
Total $893,742 49
Disbursements.
Net amount paid for fire losses, $161,098 75
Commissions or brokerage, 85,198 37
Salaries, fees, etc., of officers and employees, .... 15,902 05
MILWAUKEE FIRE INSURANCE CO.
277
Rents,
Taxes and fees,
All other disbursements,
$700 00
10,166 27
16,451 68
Total disbursements, $289,517 12
Balance, $604,225 37
Ledger Assets.
Mortgages, ....
Stocks and bonds (Schedule A),
Cash in banks and office, .
Agents' balances,
$251,739 59
280,875 00
38,581 11
33,029 67
Total ledger assets, $604,225 37
Non-Ledger Assets.
Interest accrued : —
On mortgages, $2,358.69 ; stocks and bonds, $450,
Gross assets,
2,808 69
$607,034 06
Liabilities.
Unpaid losses, including $2,185.81 resisted, $29,963.32; less
reinsurance, $2,885.72 $27,077 60
Unearned premiums on outstanding risks, $255,650.90; plus
same on disallowed reinsurance, $337.19, .... 255,98809
Reserve for reinsurance company, 13,375 88
All liabilities, except capital and surplus, . . . $296,441 57
Surplus to policy holders, .... $310,592 49
Paid-up capital, 200,000 00
Surplus over capital and general liabilities, .... 110,592 49
Total liabilities, $607,034 06
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
.$38,021,829 00 $458,842 03
. 32,098,949 00 389,913 81
Total
Risks expired and terminated,
In force at end of year,
Amount reinsured, .
$70,120,778 00 $848,755 84
25,399,632 00 325,298 74
$44,721,146 00 $523,457 10
4,252,059 00 49,826 84
.
Net amount in force, .
. $40,469,087 00 $473,630 26
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
. $1,579,684 00
809,012 00
166,832 00
61,950 00
278
MILWAUKEE MECHANICS INSURANCE CO.
Schedule A.
Stocks and Bonds owned by the Company.
City of New York bonds,
N. Y. Central & Hud. River R.R. Co. bonds, .
Atlantic Coast Line R'y Co. bonds, ....
Penn. R.R. Co. (Grand Rapids & Indiana) bonds, .
Flint & Pere Mar. R'y Co (Port Huron Division) bonds
Southern R'y Co. (Atlantic & Danville) bonds,
Norfolk & Western — Pocahontas joint bonds,.
Wabash R'y Co (Omaha Division) bonds,
Wisconsin Central R'y Co. bonds, ....
Western Maryland R'y Co. bonds, ....
Milwaukee Light, Heat & Traction Co. bonds,
Wisconsin Traction, Light, Heat & Power Co. bonds,
Niagara Falls Hydraulic Power & Mfg. Co. bonds,
Union Electric Light & Power Co. bonds,
Wisconsin National Bank stock, ....
Book and
Market Value.
$10,250 00
45,000 00
35,350 00
18,700 00
>>
11,200 00
9,500 00
23,625 00
30,100 00
22,500 00
9,000 00
25,750 00
9,700 00
8,950 00
10,000 00
11,250 00
$280,875 00
"MILWAUKEE MECHANICS' INSURANCE COMPANY,"
MILWAUKEE, WIS.
[Incorporated Feb. 15, 1852. Commenced business April 1, 1852.]
Paid-up Capital, $200,000.
WM. L. JONES, President. OSCAR GRIEBLING, Secretary.
Home Office, 442 City Hall Square.
Income.
Net fire premiums, $1,445,268 18
Interest on mortgage loans, $52,998.41 ; stocks and bonds,
$49,570.10; all other, f 1,879.60, 104,448 11
Rents, including company's own occupancy,
Profit on sale or maturity of ledger assets,
From all other sources, ....
Total income,
Ledger assets, Dec. 31, 1903,
Total,
Disbursements
3,996 00
13,068 95
15,708 98
$1,582,490 22
2,894,983 95
Net amount paid for fire losses,
Interest and dividends to stockholders, .
Commissions or brokerage,
Salaries, fees, etc., of ofiicers and employees,
Rents, including company's own occupancy,
Repairs and expenses on real estate,
Real estate taxes, $1,767. 73 ; other taxes and fees, $48,333. 21,
All other disbursements,
Total disbursements,
Balance,
$4,477,474
17
$901,420 83
90,000 00
364,155
67
91,482
10
6,385
00
714
26
50,100 94
80,891
77
$1,585,150
57
$2,892,323
60
MILWAUKEE MECHANICS INSURANCE CO.
279
Ledger Assets.
Real estate, $117,000; mortgages, $1,166,191.53,
Stocks and bonds (Schedule A),
Cash in banks and office,
Agents' balances,
Total ledger assets,
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $26,354.54 ; stocks and bonds, $6,589. 15, .
$1,283,191 53
1,282,931 25
124,406 20
201,794 62
$2,892,323 60
32,943 69
Gross assets,* . $2,925,267 29
50,200 90
Assets not admitted.
Special deposits less $28,964.10 liability thereon, .
Total admitted assets,
Liabilities.
Unpaid losses, including $13,236.88 resisted, $122,495. 75 ; less
reinsurance, $28,940.92,
Unearned premiums on outstanding risks, $1,319,983.55;
plus same on disallowed reinsurance, $4,237.07,
Reserve for reinsurance company, .
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
1,875,066 39
$93,554 83
1,324,220 62
81,900 97
. $1,499,676 42
. $1,375,389 97
Total liabilities, .
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
200,000 00
. 1,175,389 97
. $2,875,066 39
Risks and Premiums.
Premiums.
$209,293,267 00 $2,564,735 85
.152,035,096 00 1,954,518 92
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
$361,328,363 00 14,519,254 77
. 129,323,778 00 1,689,352 21
$232,004,585 00 $2,829,902 56
. 26,304,097 00 353,247 18
$205,700,488 00 $2,476,655 38
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (45 per cent.),
Company's stock owned by directors, ....
121,181,613 00
10,842,133 00
907,973 00
1,230,000 00
90,000 00
50,730 00
* Including $200,000 special reserve held by treasurer of State of Wisconsin.
280
MILWAUKEE MECHANICS' INSURANCE CO,
Schedule A.
Stocks and Bonds owned by the Company.
Milwaukee general city bonds,
Milwaukee general city bonds,
Milwaukee city park bonds,
Milwaukee city bath bonds,
Milwaukee city water sewerage bonds,
Milwaukee city water sewerage bonds,
Milwaukee city street improvement bonds,
St. Paul, Minn., board of education bonds,
City of Portland, Ore., water bonds,
Milwaukee County, Wis , bonds,
Brown County, Wis., bonds,
Washington County, Wis., bonds, .
Racine, Wis., school bonds,
Ramsey County, Minn., bridge bonds,
Ramsey County, Minn., loan bonds, .
Sanitary district of Chicago bonds, .
State of Virginia century bonds,
State of Georgia bonds,
Chic, B. & Q. R.R. Co. (Han. & St. Joe.) bonds, .
Toledo, Walhonding Valley & Ohio R'y Co. bonds,
N. Y. Central & Hudson River R.R. Co. bonds,
Southern R'y Co. (Knoxville & Ohio) bonds, .
Southern R'y Co. (Atlantic & Danville) bonds,
Southern R'y Co. bonds,
Elgin, Joliet & Eastern R'y Co. bonds, .
Wabash R'y Co. (Toledo & Chicago Division) bonds,
Wabash R'y Co. (Detroit & Chicago Ext.) bonds, .
Wabash Pittsburg Terminal R'y Co. bonds,
Western Maryland R'y Co. bonds, ....
Marquette, Houghton & Ontonagon R'y Co. bonds,
Chicago & Alton R'y Co. bonds, ....
Kansas City Southern R'y Co. bonds,
Flint & Pere Marquette R'y Co. (Pt. Huron Div.) bonds,
Wisconsin Central R'y Co. bonds, .
Norfolk & Western-Pocahontas joint bonds,
St. Louis, Iron Mt. & South. R'y Co. (R. & G. Div.) bonds,
Minn , St. Paul & Saulte St. Marie R'y Co. bonds, .
Milwaukee City R'y Co bonds, ....
Milwaukee Light, Heat & Traction Co. bonds,
Union Electric Light & Power Co. bonds,
Wisconsin Traction, Light, Heat & Power Co. bonds,
Niagara Falls Hydraulic Power & Mfg. Co. bonds,
Niagara Falls Hydraulic Power & Mfg. Co. bonds,
The Milwaukee Electric R'y & Light Co. stock,
First National Bank of Milwaukee stock,
National Exchange Bank of Milwaukee stock,
Milwaukee Trust Co. stock
Milwaukee Underwriters' Building Association stock,
Milwaukee Underwriters' Build'g Association No. 2 stock,
Milwaukee Underwriters' Build'g Association No. 3 stock,
Book and
Market Value.
$4,005 00
6,015 00
30,210 00
5,018 75
10,225 00
6,105 00
8,180 00
133,750 00
57,375 00
23,517 50
12,330 00
25,500 00
19,215 00
80,437 50
25,375 00
51,250 00
11,340 00
10,450 00
5,650 00
55,825 00
45,000 00
20,740 00
23,750 00
29,375 00
29,000 00
9,750 00
21,900 00
46,500 00
36,000 00
22,252 50
24,000 00
35,750 00
22,400 00
45,000 00
47,250 00
24,000 00
24,750 00
20,500 00
51,500 00
20,000 00
24,250 00
7,160 00
12,000 00
25,300 00
14,500 00
7,020 00
6,250 00
2,220 00
2,040 00
1,000 00
$1,282,931 25
THE NASSAU FIRE INSURANCE CO. OF BROOKLYN.
281
"THE NASSAU FIRE INSURANCE COMPANY OF BROOKLYN;'
NEW YORK, N. Y.
[Incorporated Jan. 30, 1852. Commenced business Feb. 3, 1852.]
Paid-up Capital, $200,000.
WM. HARKNESS, President. THOS. M. HARRIS, Secretary.
Home Office, 30 Court Street.
Income.
Net fire premiums, $430,123 96
Interest on stocks and bonds, 18,584 92
Rents, 1,699 92
Total income, $450,408 80
Ledger assets, Dec. 31, 1903, 443,818 95
Total,
,227 75
Disbursements
Net amount paid for fire losses,
Interest and dividends to stockholders, .
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents,
Taxes and fees,
Premiums on bonds purchased,
All other disbursements, ....
$233,071 70
20,000 00
127,509 32
13,916 87
4,000 00
5,265 30
806 40
. 3,106 55
Total disbursements, $407,676 14
Balance, $486,551 61
Ledger Assets.
Stocks and bonds (Schedule A),
Cash in banks and office, .
Agents 1 balances,
$368,500 00
30,392 14
87,659 47
Total ledger assets, $486,551 61
Non-Ledger Assets.
Interest accrued on stocks and bonds,
Market value of stocks and bonds over book value,
6,117 51
203,642 00
Gross assets,
$696,311 12
•:
282
THE NASSAU FIRE INSURANCE CO. OF BROOKLYN.
Liabilities.
Unpaid losses, $20,500 38
Unearned premiums on outstanding risks, $255,311.90; plus
same on disallowed reinsurance, $6,319.88, . . . . 261,631 78
All liabilities, except capital and surplus, . . . $282,132 16
Surplus to policy holders, .... $414,178 96
Paid-up capital, 200,000 00
Surplus over capital and general liabilities, .... 214,178 96
Total liabilities, $696,31112
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, ....
Net amount in force, .
. $35,339,132 00
. 49,860,916 00
. $85,200,048 00
. 37,831,325 00
.$47,368,723 00
. 3,997,208 00
Premiums.
$398,682 66
567,259 30
$965,941 96
426,257 62
$539,684 34
39,891 44
$43,371,515 00 $499,792 90
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Stock dividends declared f i om organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
14,322,184 00
1,846,883 00
226,573 00
1,382,500 00
50,000 00
20,000 00
54,600 00
Schedule A.
Stocks and Bonds owned by the Company.
New York City tax exemption bonds,
New York City tax exemption bonds,
Brooklyn Rapid Transit bonds,
Consolidated Gas debenture bonds, .
City of New York consolidated stock,
City of New York consolidated gas stock,
City of New York consolidated gas stock,
City of New York consolidated gas stock,
Brooklyn city R.R. stock, .
American Express Co. stock, .
Manhattan Elevated R R. stock,
N. Y. & N. J. Telephone Co. stock, .
N. Y. & N. J. Telephone Co. stock, .
Nassau National Bank of Brooklyn,
Mechanics 1 Bank of Brooklyn, .
National City Bank of Brooklyn,
Book Value.
$100,000 00
30,000 00
10,000 00
5,500 00
75,000 00
10,000 00
10,000 00
900 00
80,000 00
10,000 00
10,000 00
10,000 00
1,000 00
10,000 00
3,600 00
2,500 00
Market Value.
$102,000 00
30,600 00
10,600 00
9,900 00
75,000
19,800
19,800
1,782
191,200 00
, 20,900 00
16,300 00
16,600
1,660
37,500
10,800
7,700
00
00
00
00
00
00
00
00
00
$368,500 00 $572,142 00
NATIONAL FIRE INSURANCE CO. OF HARTFORD. 283
"NATIONAL FIRE INSURANCE COMPANY OF HARTFORD,"
HARTFORD, CONN.
[Incorporated June 4, 1869. Commenced business Dec. 1, 1871.]
Paid-up Capital, $1,000,000.
JAMES NICHOLS, President. B. R. STILLMAN, Secretary.
Home Office, 95 Pearl Street.
Income.
Net fire premiums, f 4,423,659 75
Interest on mortgage loans, $33,459.43; stocks and bonds,
$198,349.16; all other, 12,749.80, 234,558 39
Rents, 18,425 62
Total income $4,676,643 76
Ledger assets, Dec. 31, 1903, 6,336,714 39
Total $11,013,358 15
Disbursements.
Net amount paid for fire losses $2,898,014 09
Interest and dividends to stockholders, 120,000 00
Commissions or brokerage, 832,514 21
Salaries, fees, etc., of officers and employees, .... 314,523 37
Repairs and expenses on real estate, 5,983 91
Real estate taxes, $6,436. 16; other taxes and fees, $148,679. 88, 155,116 04
Loss on sale or maturity of ledger assets, .... 108,317 88
Profit and loss, . 1,360 42
All other disbursements, 331,502 90
Total disbursements, $4,767,332 82
Balance, $6,246,025 33
Ledger Assets.
Real estate, $392,555.70; mortgages, $630,550, . . .$1,023,105 70
Stocks and bonds (Schedule A), 4,532,582 13
Cash in banks and office, 184,605 60
Agents 1 balances, 505,731 90
Total ledger assets, $6,246,025 33
Non-Ledger Assets.
Market value of stocks and bonds over book value, . . 272,913 87
Gross assets, $6,518,939 20
Assets not admitted.
Special deposits less $83,987.35 liab. thereon, . $47,812 65
Depreciation in book value of real estate, . 34,951 42
Total unadmitted assets, .... 82,764 07
Total admitted assets, $6,436,175 13
284
NATIONAL FIRE INSURANCE CO. OF HARTFORD.
Liabilities.
Unpaid losses, including $32,505.64 resisted, . . . . $381,094 77
Unearned premiums on outstanding risks, f 3,381, 665. 51 ; plus
same on disallowed reinsurance, $32,042.56, . . . 3,413,708 07
Reserve for contingencies, 50,000 00
All liabilities, except capital and surplus, . . . $3,844,802 84
Surplus to policy holders, .... $2,591,37229
Paid-up capital, 1,000,000 00
Surplus over capital and general liabilities, .... 1,591,372 29
Total liabilities, $6,436,175 13
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
$677,164,103 00 $7,506,361 09
. 564,897,443 00 6,432,380 75
Total,
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, .
Net amount in force, .
$1,242,061,546 00 $13,938,741 84
. 531,096,742 00 5,828,168 14
$710,964,804 00 $8,110,573 70
. 117,373,930 00 1,428,536 23
$593,590,874 00 $6,682,037 47
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Stock dividends declared from organization of company,
Dividends declared during the year (12 per cent), .
Company's stock owned by directors, ....
$47,309,533 00
25,152,258 00
2,861,991 00
3,137,000 00
100,000 00
120,000 00
87,000 00
Schedule A.
Stocks and Bonds owned by the Company.
Atchison, Topeka & Santa Fe R'y deb. bonds,
Atlantic & Danville R'y Co. bonds, .
Augusta Terminal R'y Co. bonds, .
Brooklyn Union Elevated R.R. Co. bonds,
Buffalo R'y Co bonds, ....
Central of Georgia R'y Co. bonds, .
Central of Georgia R'y Co. equip, bonds,
Chesapeake & Ohio R'y Co. bonds, .
Central Branch Union Pacific R'y Co. bonds,
Chieago & Alton R.R. Co. bonds,
Chic, Burl. & Quincy RR. Co. bonds,
Chicago & Cincinnati R.R. Co. bonds,
Chicago & Erie R.R. Co. bonds,
Chicago & Indiana Coal R'y Co. bonds, .
Chicago North Shore Street R'y Co. bonds,
Chicago Terminal Transfer R.R. Co. bonds,
Book Value.
$23,625 00
94,375 00
63,500 00
49,312 50
26,250 00
26,250 00
25,000 00
46,400 00
46,750 00
22,500 00
1,500 00
21,200
29,500
40,012
26,500
45,712
00
00
50
00
50
Market Value.
$24,000 00
95,000 00
60,000 00
55,000 00
28,000 00
27,500 00
25,000 00
49,000 00
47,500 00
21,000 00
1,880 00
21,400 00
30,000 00
47,200 00
27,000 00
42,000 00
NATIONAL FIRE INSURANCE CO. OF HARTFORD.
285
Chicago & Western Indiana R.R. Co. bonds,
Cin., Indianapolis & Western R'y bonds,
Cin., Richmond & Muncie R.R. Co. bonds,
Cleveland Electric R'y Co. bonds, .
Danbury & Norwalk R.R. Co. bonds,
E. Tenn., Virginia & Georgia R R. Co. bonds,
Elgin, Aurora & Southern Traction Co. bonds
Elgin, Joliet & Eastern R'y Co. bonds, .
Evansville & Terre Haute R.R. Co. bonds,
Flint & Pere Marquette R.R. Co. bonds, .
Galveston, Harris. & San Antonio R'y Co. b'ds,
Hunt. & Broad Top Mt. R.R. & C'l Co. bonds,
Illinois Central certificates,
International & Gt. Northern R R. Co. bonds,
Iowa Central R'y Co. bonds,
Kanawha & Michigan R'y Co. bonds,
Kansas City Cable R'y Co. bonds, .
Kan. City, Ft. Scott & Memphis R.R. Co. b'ds
Kansas City R'y & Light Co. bonds,
Louisville & Nashville R.R. Co. bonds, .
Metropolitan Street R'y Co. bonds, .
Minneapolis & St. Louis R.R. Co. bonds,
Missouri, Kansas & Oklahoma R.R. Co. bonds,
Mobile & Ohio R.R. Co. bonds,
Nash., Chattanooga & St. Louis R'y Co. bonds,
Nash., Chattanooga & St. Louis R'y Co. bonds,
New Hampshire Trac Co. sinking fund bonds,
Nodaway Valley R.R. Co. bonds,
Norfolk & Western R'y Co. bonds, .
Norfolk & Western R'y Co. bonds, .
Northern Ohio R'y Co. bonds, .
Northern Pacific Terminal Co. bonds,
Northwestern Elevated R.R. Co. bonds,
Peoria & Pekin Union R'y Co. bonds,
Richmond & Danville R.R. Co. bonds,
Rochester & Pittsburg R R. Co. bonds,
St. Louis, Iron Mt. & Southern R'y Co. bonds,
St. Louis, Memphis & Southeast. R.R. Co. b'ds,
St. Paul & Northern Pacific R'y Co. bonds,
St. Paul, Minneapolis & Man. R'y Co. bonds,
Savannah, Florida & Western R'y Co. bonds,
Seaboard & Roanoke R.R. Co. bonds,
Seaboard Air Line R'y Co. bonds,
Southern R'y Co. bonds, .
Southern R'y Co. bonds, .
Southern R'y Co. bonds, .
Texas & Pacific R'y Co. bonds,
Toledo & Ohio Central R'y Co. bonds,
Toledo & Ohio Central R'y Co. bonds, .
Toledo Traction Co. bonds,
Ulster & Delaware R.R. Co. bonds, .
United R'ys Co. of St. Louis bonds, .
Wabash-Pittsburg Terminal R'y Co. bonds,
Wabash R.R. Co. bonds
Wabash R.R. Co. sinking fund bonds,
Western Maryland R.R. Co. bonds, .
Wheeling & Lake Erie R'y Co. bonds,
Wheeling & Lake Erie R'y Co. bonds, .
Galveston city bonds, ....
Georgia State bonds, ....
Book Value.
$50,500 00
24,750 00
31,950 00
102,190 00
11,000 00
31,500 00
25,000 00
57,350 00
9,000 00
33,350 00
37,550 00
26,000 00
45,500 00
124,625 00
51,531 25
11,400 00
51,310 00
28,887 50
24,375 00
58,175 00
22,250 00
14,325 00
20,000 00
27,593 75
16,912 50
28,343 75
22.750 00
5,120 00
21.751 30
47,187 50
54,500 00
99,487 50
48,500 00
40,210 00
20,350 00
60,215 00
46,836 25
24,000 00
42,000 00
51,500 00
26,125 00
51,625 00
24,628 75
64,143 75
48,547 00
25,000 00
109,375 00
86,671 25
19,600 00
49,250 00
56,000 00
43,000 00
43,500 00
21,000 00
52,000 00
84,000 00
22,250 00
18,000 00
25,200 00
27,500 00
00
00
00
00
Market Value.
$49,000 00
24,750 00
32,100 00
103,000 00
11,400 00
36,000 00
25,000 00
57,500 00
10,400 00
33,000 00
38,850 00
26,000 00
45,500 00
125,000 00
56,000 00
14,250 00
50,000 00
30,750 00
24,500 00
58,800 00
23,000 00
14,550 00
20,800 00
28,500 00
17,250
28,500
8,750
5,000
25,000 00
47,000 00
57,500 00
98,600 00
46,000 00
37,600 00
21,800 00
62,730 00
48,450 00
24,250 00
43,050 00
51,000 00
28,000 00
55,000 00
24,750 00
65,450 00
58,000 00
24,500 00
110,000 00
88,800 00
21,200 00
50,000 00
56,000 00
44,000 00
46,000 00
23,200 00
51,000 00
89,000 00
22,400 00
18,400 00
18,750 00
27,000 00
286
NATIONAL FIRE INSURANCE CO. OF HARTFORD.
Groton borough bonds,
Lincoln city bonds, .
New York City bonds,
Opelika city bonds, .
Portland city bonds, .
Richmond city bonds,
Silver City, N. M., bonds,
Territory of Arizona bonds,
Town of New Britain school bonds,
Galveston Wharf Co. bonds,
North East School Dist. of Hart,, Conn., bonds,
Sch'l Dist. No. 2, Sp'ngw'ls T'nsh'p, Mich., b'ds,
Suftield & Thompsonville Bridge Co. bonds, .
Western Union Telegraph Co. bonds,
45 shares Atch., Top. & Santa Fe R.R. Co., .
200 " Belt R.R. & Stock Yd. Co., Ind'lis,
100 " Belt R.R. & Stock Yd. Co.Jnd'lis,
500 " Chicago Great Western R'y Co.,
257 " Chic, Rock Is. & Pac. R.R. Co.,
200 " Ft. Wayne & Jackson R.R. Co.,
200 " Georgia R.R. & Banking Co.,
238 " Illinois Central R.R. Co., .
17 " Illinois Central R.R. Co., .
200 " Mobile & Ohio R.R. Co.,
1,135 " N. Y., N. H. & Hart. R.R. Co.,
200 " N. Y. & Harlem R.R. Co., .
661 " N. Y. Cent. & Hud. R. R.R. Co.,
154 " Norfolk & Western R'y Co.,
150 " Oswego & Syracuse R.R. Co.,
1,753 " Pennsylvania R.R. Co.,
100 " Peoria & Bureau Valley R.R.,
200 " Pitts., Ft. Wayne & Chic. R.R.,
27 " St. Jos., So. Bend & South. R.R ,
100 " St. Jos., So. B'd & South. R.R. Co.
80 " Southern R'y Co., .
150 " Union Pacific R.R. Co.,
250 " JEtrm National Bank, .
581 " Charter Oak National Bank,
25 " Citizens' Cent. Nat'l Bank, N. Y.
46 " City Bank, Hartford, .
100 " Far. & Mech. Nat'l Bank, Hart.,
509 " Hartford Nat'l Bank, Hartford,
360 " Nat'l Exchange Bank, Hartford,
75 " Nat'l Bank of the Repub., Boston,
450 " Phoenix National Bank, Hartford,
100 " St. Paul Natl B'k, St. Paul, Minn.,
25 " Second Nat'l Bank, New Haven,
809 " Commercial Union Tel. Co.,
146 " Gold & Stock Tel. Co.,
210 " Hart. Gas Securities Co., Hart.,
600 " Illinois & Miss Telegraph Co.,
500 " Northwestern Tel. Co.,
00
00
00
00
00
00
00
00
84
Book Value.
$10,400 00
12.240 00
153,250 00
20,000 00
61,625 00
50,000 00
10,200 00
19,800 00
44,325
25,000
4,000
12,600
28,000
28,297 50
900 00
6,000
4,500
46,375
18,363
23,600 00
41,800 00
22,318 45
1,496 00
18,000 00
186,115 00
28,000
63,250
4,208
14,825
100,350 46
16,500 00
32,000 00
1,500 00
1,613 00
7,200 00
35,000 00
56,085 50
3,125 00
4,690 00
11,000 00
70,242 00
21,900 00
10,125 00
54,060 00
7,200 00
4,250 00
24,775 63
17.241 50
8,430 00
22,725 00
27,500 00
00
00
70
00
Market Value.
$10,400 00
12,000 00
153,750 00
20,000 00
59,000 00
52,000 00
10,000 00
21,200 00
44,550 00
26,250 00
4,000 00
12,000 00
28,000 00
27,500 00
4,500 00
11,000 00
5,750 00
43,000 00
38,550 00
29,200 00
50,000 00
35,700 00
1,700 00
19,000 00
221,325 00
40,000
89,235
13,090
16,875
116,574
20,000 00
36,800 00
2,700 00
4,000 00
7,520 00
14,100 00
50,000 00
69,720 00
4,125 00
4,140 00
12,000 00
70,242 00
22,500 00
11,250 00
54,000
10,500
4,750
24,270
17,520
10,500 00
23,400 00
31,250 00
00
00
00
00
00
00
00
00
00
00
$4,532,582 13 $4,805,496 00
NATIONAL UNION FIRE INSURANCE CO. 287
"NATIONAL UNION FIRE INSURANCE COMPANY OF
PITTSBURG, PA.," PITTSBURG, PA.
[Incorporated Feb. 14, 1901. Commenced business March 1, 1901.]
Paid-up Capital, $750,000.
JAMES H. WILLOCK, President. E. E. COLE, Secretary.
Home Office, 401 Wood Street.
Income.
Net fire premiums, $951,861 22
Interest on mortgage loans, $14,653.87; collaterals, f 2,500 ;
stocks and bonds, $53,546.49; all other, f 2,393. 17, . . 73,093 53
Rents, 27 89
Profit on sale or maturity of ledger assets, .... 5,458 75
From all other sources, 656 38
Total income, $1,031,097 77
Ledger assets, Dec. 31, 1903, 1,625,838 39
Total, $2,656,936 16
Disbursements.
Net amount paid for fire losses, $489,925 76
Commissions or brokerage, 216,815 83
Salaries, fees, etc., of officers and employees, .... 67,784 81
Rents, 6,300 00
Taxes and fees, 38,132 66
All other disbursements, 48,915 35
Total disbursements, $867,874 41
Balance, $1,789,061 75
Ledger Assets.
Real estate, $1,172.41; mortgages, $297,272, . . . . $298,444 41
Loans secured by collateral (100 shr's Sec. N'l B„ Pitts., Pa.), 50,000 00
Stocks and bonds (Schedule A), 1,227,987 50
Cash in banks and office, 57,827 30
Agents' balances, 151,687 89
Bills receivable, not matured, 235 20
All other ledger assets, 2,879 45
Total ledger assets, $1,789,061 75
Non-Ledger Assets.
Interest accrued : —
On mortgages, $4,418.75; stocks and bonds, $1,250, . . 5,668 75
Market value of stocks and bonds over book value, . . 27,302 50
Gross assets, $1,822,033 00
288
NATIONAL UNION FIRE INSURANCE CO.
Assets not admitted.
Agents' balances over three months due,
Total admitted assets, ....
$248 92
. $1,821,784 08
Liabilities.
Unpaid losses, including $4,587.56 resisted, $102,325.48 ; less
reinsurance, $20,688.67, $81,636 81
Unearned, premiums on outstanding risks, $684,548.85 ; plus
same on disallowed reinsurance, $19,512.05, . . . 704,060 90
All liabilities, except capital and surplus, . . . $785,697 71
Surplus to policy holders, .... $1,036,086 37
Paid-up capital, 750,000 00
Surplus over capital and general liabilities, .... 286,086 37
Total liabilities, $1,821,784 08
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
. $73,743,173 00
. 105,364,210 00
$179,107,383 00
. 64,178,538 00
$114,928,845 00
. 15,141,099 00
Premiums.
$932,934 47
1,341,011 32
$2,273,945 79
853,454 07
$1,420,491 72
192,928 39
. $99,787,746 00 $1,227,563 33
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
},386,092 00
948,354 00
526,774 00
303,000 00
Schedule A.
Stocks and Bonds owned by the Company.
Pennsylvania Water Co. bonds,
Union Gas Co. bonds, ....
West Braddock Bridge Co. bonds, .
Sharon Steel Co. bonds, ....
Standard Sanitary Mfg. Co. bonds, .
Latrobe Water Co. bonds,
Pittsburg & Buffalo Co. bonds,
Connecticut R'y & Lighting Co. bonds, .
St. Joseph Water Co. bonds,
Pgh., Bessemer & L. E. R.R. bonds,
City of Philadelphia bonds,
Central of Georgia R'y (Chatt. Div.) bonds,
Mass. Met. Water Co. bonds, .
Beaver Valley Water Co. bonds,
Book Value.
$55,000 00
21,000 00
23,000 00
23,000 00
50,000 00
30,000 00
20,000 00
20,000 00
50,000 00
23,000 00
10,500 00
18,300 00
86,000 00
20,000 00
Market Value.
$55,000 00
•21,000 00
24,150 00
23,000 00
50,000 00
30,000 00
20,000 00
20,000 00
50,000 00
23,000 00
10,200 00
19,000 00
84,000 00
20,000 00
NEWARK FIRE INSURANCE CO.
289
Western Union Tel. Co. bonds,
Met St. R'y Co. bonds,
Norfolk & Western R R. bonds,
Atchison, Topeka & Santa F6 R.R. bonds,
Racine Water Co. bonds, .
New York City certificates,
Monongahela Riv., C, C. & C. Co. bonds
Pittsburg Brewing Co. bonds, .
Jefferson County, Ind., bonds, .
State of Delaware bonds, .
Donnelly & Nicola bonds,
Union Switch and Signal Co. bonds,
McConway & Torley Co. bonds,
Pgh. Lamp, Brass and G. Co. bonds,
Lake Shore & Mich. Southern R.R. bonds
State of Georgia bonds, .
State of Georgia bonds, .
State of Georgia bonds, .
City of Portland, Ore , bonds,
City of Portland, Ore., bonds,
United States government bonds, .
Electrical Securities Corporation bonds,
25 shares Second National Bank,
25
1,800
84
200
200
200
Farmers' Dep. Nat'l Bank,
Pennsylvania R.R. Co.,
Pgh & L. E. R.R. Co., .
Illinois Central R.R. Co., «
Western Union Tel. Co.,
B. & O. R.R. Co., .
Book Value.
$25,000 00
24,500 00
25,000 00
24,500 00
20,000 00
52,500 00
27,500 00
27,500 00
25,000 00
19,375 00
100,000 00
20,000 00
30,000 00
25,000 00
14,850 00
1,057
1,115
1,050
28,375
29,000 00
7,385 00
25,000 00
17,500 00
22,900 00
108,000 00
14,280 00
26,000 00
17,600 00
18,200 00
50
00
00
00
Market Value.
$26,000 00
23,250 00
25,000 00
25,000 00
20,000 00
51,000 00
27,500 00
27,500 00
25,000 00
19,000 00
100,000 00
20,000 00
30,000 00
25,000 00
15,000 00
1,050 00
1,110 00
1,C50 00
28,250 00
29,000 00
7,280 00
25,000 00
18,750 00
30,000 00
124,200 00
12,600 00
31,000 00
18,400 00
19,000 00
$1,227,987 50 $1,255,290 00
"NEWARK FIRE INSURANCE COMPANY," NEWARK, N. J.
[Incorporated May 14, 1810. Commenced business May 14, 1810.]
Paid-up Capital, $250,000.
JOHN J. HENRY, President. CHARLES M. HENRY, Secretary.
Home Office^ 741 Broad Street.
Income.
Net fire premiums, $193,600 40
Interest on mortgage loans, $8,940.97; stocks and bonds,
$15,261.47, 24,202 44
Rents, 1,845 93
Total income, $219,648 77
Ledger assets, Dec. 31, 1903, 542,909 24
Total $762,558 01
Disbursements.
Net amount paid for fire losses,
Interest and dividends to stockholders,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents,
Repairs and expenses on real estate,
$77,332 44
24,822 75
41,571 73
27,469 26
48 00
329 17
290 NEWARK FIRE INSURANCE CO.
Real estate taxes, $2,924.39 ; other taxes and fees, $6,255.40, $9,179 79
Premiums on stocks, 1,250 00
All other disbursements, 13,460 47
Total disbursements, $195,463 61
Balance, $567,094 40
Ledger Assets.
Real estate, f 44, 100; mortgages, $168,205, .... $212,30500
Stocks and bonds (Schedule A), 281,550 00
Cash in banks and office, 49,730 64
Agents' balances, 23,508 76
Total ledger assets, $567,094 40
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $2,531.30 ; stocks and bonds, $3,856.98,. . 6,388 28
Rents due on company's property, 406 00
Market value of real estate over book value, .... 43,000 00
Market value of stocks and bonds over book value, . . 103,347 50
Gross assets, $720,236 18
Assets not admitted.
Agents' balances over three months due, .... 1,283 08
Total admitted assets, $718,953 10
Liabilities.
Unpaid losses, including $1,780.88 resisted, $17,968.03 ; less
reinsurance, $195.94, $17,772 09
Unearned premiums on outstanding risks, .... 150,299 31
Dividends due stockholders, 7,203 50
Salaries and other miscellaneous expenses, due or accrued, . 2,765 25
All liabilities, except capital and surplus, . . . $178,040 15
Surplus to policy holders, .... $540,912 95
Paid-up capital 250,000 00
Surplus over capital and general liabilities, .... 290,912 95
Total liabilities, $718,953 10
Risks and Premiums.
Premiums.
$34,257,534 00 $286,679 65
25,293,079 00 235,276 63
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
$59,550,613 00 $521,956 28
. 22,790,378 00 205,444 06
$36,760,235 00 $316,512 22
. 3,540,421 00 23,998 80
Net amount in force, .... $33,219,814 00 $292,513 42
NEW HAMPSHIRE FIRE INSURANCE CO.
291
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$5,940,293
3,068,200
86,634
990,577
25,000
00
00
00
00
00
35,310 00
Schedule A.
Stocks and Bonds owned by the Company.
United States bonds, ....
United States bonds, ....
Essex Passenger R'y Co. bonds,
Hoboken land and improvement bonds,
West Shore R.R. bonds, .
West Shore R.R. bonds, .
Newark Gas Co bonds,
Newark Consolidated Gas bonds,
Essex County Park bonds,
City of Newark water bonds, .
City of Elizabeth bonds, .
Hudson County Gas Co. bonds,
Newark Passenger R'y Co. bonds, .
400 shares Morris & Essex R.R. Co.,
318 " National State Bank, Newark,
413 " National Newark Banking Co.,
Book Value.
$30,000 00
8,000 00
5,000 00
25,000 00
20,000 00
28,000 00
10,000 00
15,000 00
35,000 00
4,000 00
15,000 00
20,000 00
10,000 00
20,000 00
15,900 00
20,650 00
Market Value.
$31,800 00
8,480 00
5,050 00
25,750 00
21,600 00
30,800 00
13,500 00
16,350 00
37,100 00
4,240 00
15,000 00
21,400 00
11,400 00
87,000 00
34,185 00
71,242 50
$281,550 00 $384,897 50
"NEW HAMPSHIRE FIRE INSURANCE COMPANY,"
MANCHESTER, N. H.
[Incorporated 1869. Commenced business April, 1870.]
Paid-up Capital, $1,000,000.
UBERTO C. CROSBY, President. FRANK W. SARGEANT, Secretary.
Home Office, 876 Elm Street.
Income.
Net fire premiums,
Interest on mortgage loans, $20,741 . 32 ; collaterals, $2,824 . 65
stocks and bonds, $120,574.91 ; all other, $6,097.70, .
Rents,
Profit on sale or maturity of ledger assets,
From all other sources,
Total income,
Ledger assets, Dec. 31, 1903,
Total, ....
$1,782,481 40
150,238 58
22,083 62
3,659 50
1,117 92
$1,959,581 02
. 3,230,550 28
$5,190,131 30
Disbursements.
Net amount paid for fire losses,
Interest and dividends to stockholders,
Commissions or brokerage,
,289,319 91
100,000 00
433,788 37
292
NEW HAMPSHIRE FIRE INSURANCE CO.
Salaries, fees, etc., of officers and employees, .... $78,395 16
Rents, 4,616 34
Repairs and expenses on real estate, 10,021 35
Real estate taxes, $3, 1 13 . 55 ; other taxes and fees, $46,650 . 30, 49,763 85
Loss on sale or maturity of ledger assets, .... 7,639 93
All other disbursements, 107,642 29
Total disbursements, $2,081,187 20
Balance, . . $3,108,944 10
Ledger Assets.
Real estate, $171,960.79 ; mortgages, $406,300,
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B), .
Cash in banks and office,
Agents 1 balances,
Total ledger assets,
$578,260 79
25,000 00
2,110,968 85
212,650 83
182,063 63
$3,108,944 10
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $5,668 ; stocks and bonds, $10,302.09; other
assets, $472.22, 16,44231
Market value of real estate over book value, .... 25,239 21
Market value of stocks and bonds over book value, . . 754,042 15
Reinsurance due on losses paid, 7,075 57
Gross assets, $3,911,743 34
Liabilities.
Unpaid losses, including $18,414 resisted, $244,600.75; less
reinsurance, $45,068.33 $199,532 42
Unearned premiums on outstanding risks, $1,478,071.01; plus
same on disallowed reinsurance, $1,827.59,. . . . 1,479,898 60
Due for return premiums, $22,688. 18; reinsurance, $11,766. 24, 34,454 42
All liabilities, except capital and surplus, . . . $1,713,885 44
Surplus to policy holders, .... $2,197,857 90
Paid-up capital, 1,000,000 00
Surplus over capital and general liabilities, .... 1,197,857 90
Total liabilities, $3,911,743 34
RrsKS and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
$243,209,415 00
. 170,421,052 00
$413,630,467 00
. 156,230,672 00
$257,399,795 00
. 17,961,873 00
Premiums.
$2,981,379 18
2,133,102 74
$5,114,481 92
2,027,023 57
$3,087,458 35
208,017 73
$239,437,922 00 $2,879,440 62
NEW HAMPSHIRE FIRE INSURANCE CO.
293
Miscellaneous.
Premiums received from organization of company,
Losses paid from organisation of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent),
Company's stock owned by directors, ....
$24,586,786
13,721,008
1,258,672
1,671,858
100,000
228,600
00
00
00
00
00
00
Schedule A.
Securities held as Collateral.
426 shares Exeter Mfg. Co.,
Exeter Mfg. Co. bonds, .
Market Value.
121,300 00
25,000 00
Loaned Thereon.
|25,000 00
Schedule B.
$46,300 00 $25,000 00
Slocks and Bonds owned by the Company.
United States government bonds, .
City of Cleveland, Ohio, bonds,
City of Columbus, Ohio, bonds,
City of East Portland, Ore., bonds, .
City of Seattle, Wash , bonds, .
State of Georgia bonds, .
Central R.R Co. of New Jersey bonds,
VVatertown & Rome R.R. bonds,
N. Y. & New England R.R. bonds, .
N. Y. & New England R.R. bonds, .
Boston, Concord & Montreal R.R. bonds,
Concord & Montreal R.R. bonds,
Concord & Montreal R.R. bonds,
Fitchburg R.R. bonds,
Atchison, Topeka & Santa Fe R.R. bonds,
Grand Rapids, Belding & Saginaw R.R. bonds
Chicago, Burlington & Quincy R.R. bonds,
Chic, Burl. & Q. R.R. (Illinois Div.) bonds,
Chicago, Milwaukee & St. Paul R.R. bonds,
Union Pacific R.R. bonds, ....
Missouri Pacific R'y Co. bonds,
Northern Pac. R.R. (St. P'l & Dul. Div.) b'ds
Oregon Short Line R.R. bonds,
Oregon Short Line R.R bonds,
Montana Central R.R. bonds, .
Lehigh Valley Terminal R'y Co. bonds, .
St. L., I. Mt & S. R.R. Co. (R. & G.Div.) b'ds
Utah & Northern R.R. bonds, .
Cin., Richmond & Muncie R.R. bonds,
Northern Pacific-Great Northern bonds, .
Toledo, St. Louis & Western R.R. bonds,
Omaha Street R.R Co. bonds, .
Manchester Traction, Lt. & Power Co. bonds
Hillsborough County, N. H., bonds,
Adams Express Co bonds,
Central Loan & Land Co. bonds,
National Loan & Trust Co. bonds, .
Book Value.
$25,000 00
50,000 00
10,000 00
25,000 00
10,000 00
10,000 00
25,000 00
10,000 00
10,000 00
10,000 00
50,000 00
140,000 00
25,000 00
40,000 00
46,100 00
8,000 00
23,758 00
20,000 00
25,000 00
9,900 00
10,000 00
24,968 75
20,000 00
25,000 00
24,250 00
25,000 00
18,300 00
12,000 00
25,000 00
85,000 00
22,437 50
25,000 00
75,000 00
15,000 00
19,881 00
3,100 00
1,475 00
Market Value.
$26,250 00
50,500 00
10,700 00
30,000 00
10,500 00
11,200 00
32,250 00
10,800 00
10,000 00
10,000 00
56,500 00
147,000 00
25,000 00
41,600 00
50,000 00
8,960 00
25,000 00
38,400 00
24,250 00
10,500 00
12,000 00
25,000 00
25,200 00
30,000 00
29,500 00
28,250 00
19,000 00
13,200 00
26,500 00
166,600 00
22,500 00
26,500 00
80,250 00
15,000 00
25,500 00
3,100 00
1,475 00
294
NEW HAMPSHIRE FIRE INSURANCE CO.
Grand Forks Gas & Electric Co. bonds, .
Swift & Co., Chicago, bonds, .
American Telephone & Telegraph Co. bonds,
Western Telephone & Telegraph Co. bonds,
Western Union Telegraph Co. bonds,
Great Northern Paper Co. bonds,
Suncook Valley R.R. stock,
Pennsylvania R.R stock, .
N. Y. Central & Hudson River R.R. stock
N. Y., N. H. & Hartford R.R. stock,
Norwich & Worcester R.R. stock, .
Pemigewasset Valley R.R. stock,
Boston & Albany R.R. stock, .
Boston & Maine R R stock,
Boston & Maine Railroad stock,
Concord & Montreal R.R. stock,
Concord & Montreal R.R. stock,
Concord & Montreal R.R. stock,
Delaware & Hudson Canal Co. stock,
Maine Central R.R. stock,
Northern R R., N. H., stock,
Fitchburg R.R. stock,
Pitts , Ft. Wayne & Chicago R.R. stock,
Illinois Central R.R. stock,
Baltimore & Ohio R.R stock, .
Chicago, Rock Island & Pacific R.R. stock,
Chic. June. R'ys & Union Stock Y'ds Co. stock
Chicago & Northwestern R.R. stock,
Chicago, Milwaukee & St. Paul R.R. stock,
Chicago, Milwaukee & St. Paul R.R. stock,
Chicago Great Western R'y Co. stock,
Merch. Nat'l Bank, Manchester, N. H., stock,
Pemigewasset N'l B% Plymouth, N. H., st'k,
First Nat'l Bank, Peterborough, N. H., stock,
First National Bank, Concord, N. H., stock,
Laconia National Bank, Laconia, N. H., stock,
Lancaster Nat'l Bank, Lancaster, N. H., stock,
Lancaster Trust Co., Lancaster, N. H., stock,
Exeter Banking Co., Exeter, N. H., stock,
Amoskeag Mfg. Co., Manchester, N. H., stock
Amory Mfg. Co. stock, ....
Manchester Mills, Manchester, N. H., stock,
Manchester Mills, Manchester, N. H., stock,
Pullman Palace Car Co. stock, .
Manchester, N. H., Gas Light Co. stock,
American Express Co. stock, .
Adams Express Co. stock,
American Tel. & Telegraph Co. stock,
Underwriters 1 Salvage Co of N. Y. stock
American Sugar Refinery Co. stock,
Massachusetts Gas Co. stock, .
Western Union Telegraph Co. stock,
Nashua Card, Gum. and Coated Pap. Co. st'k,
00
00
00
60
00
00
Book Value.
$4,900 00
25,000 00
54,600 00
16,000 00
25,000 00
49,750 00
4,000 00
100,000 00
70,000 00
44,000 00
5,000 00
26,000 00
20,000 00
20,000 00
10,000 00
15,000 00
2,500 00
20,000 00
36,000 00
10,000 00
13,000
9,200
20,000
79,973
8,650
3,300
20,000 00
46,000 00
20,000 00
9,175 00
23,125 00
13,000 00
6,000 00
5,000 00
8,000 00
2,400 00
5,000 00
2,500 00
1,000 00
10,000 00
6,800 00
10,000 00
30,000 00
30,000 00
2,100 00
20,000 00
5,000 00
68,000 00
400 00
30,000 00
23,300 00
8,125 00
10,000 00
00
00
00
00
00
Market Value.
$5,000 00
25,500 00
53,350 00
16,000 00
27,000
50,000
4,600
137,000
100,800
87,120 00
11,000 00
33,800 00
50,600 00
34,400 00
17,300 00
27,600 00
4,600 00
36,800
67,320
17,000
22,100
14,000
37,000
123,200
9,500
4,620
25,000
94,300
36,400 00
20,280 00
21,750 00
16,250 00
12,000 00
6,500 00
26,000 00
2,448 00
6,250 00
2,500 00
1,100 00
19,500 00
8,228 00
6,600 00
30,000 00
69,900 00
13,650 00
41,800 00
23,400 00
99,960 00
400 00
41,400 00
24,000 00
9,200 00
10,000 00
00
00
00
00
00
00
00
00
00
00
00
$2,110,968 85 $2,865,011 00
NEW YORK FIRE INSURANCE CO. 295
"NEW YORK FIRE INSURANCE COMPANY OF THE CITY OF
NEW YORK," NEW YORK, N. Y.
[Incorporated April 18, 1832. Commenced business Dec. 22, 1832.]
Paid-up Capital, $200,000.
CHAS. A. HULL, President. AUGUSTUS COLSON, Secretary.
Home Office, 72 Wall Street.
Income.
Net fire premiums, f 430,339 11
Interest on stocks and bonds, $8,687.50 ; all other, $4,132.66, 12,820 16
Rents, 1,776 00
Total income, f 444,935 27
Ledger assets, Dec. 31, 1903, " 422,778 09
Total, $867,713 36
Disbursements.
Net amount paid for fire losses, $228,933 50
Interest and dividends to stockholders, 14,000 00
Commissions or brokerage, 102,798 88
Salaries, fees, etc., of officers and employees, .... 37,061 16
Repairs and expenses on real estate, 477 85
Real estate taxes, $1,406.27 ; other taxes and fees, $7,736.31, 9,142 58
Loss on sale or maturity of ledger assets, .... 2,891 88
All other disbursements, 21,408 82
Total disbursements, $416,714 67
Balance, $450,998 69
Ledger Assets
Real estate, ....
Stocks and bonds (Schedule A),
Cash in banks and office, .
Agents 1 balances,
$100,000 00
271,000 00
40,288 87
39,709 82
Total ledger assets, $450,998 69
Non-Ledger Assets.
Market value of real estate over book value, .... 20,000 00
Market value of stocks and bonds over book value, . . 64,862 50
Gross assets, $535,861 19
29(>
NEW YORK FIRE INSURANCE CO.
Liabilities.
Unpaid losses, including $2,635 resisted, $25,863.51 ; less re-
insurance, $2,481.70, $23,38181
Unearned premiums on outstanding risks, $245,461 ; plus
same on disallowed reinsurance, $3,229.03, . . . . 248,690 03
Salaries and other miscellaneous expenses, due or accrued, . 1,454 06
All liabilities, except capital and surplus, . . . $273,525 90
Surplus to policy holders, .... $262,335 29
Paid-up capital, 200,000 00
Surplus over capital and general liabilities, .... 62,335 29
Total liabilities, $535,861 19
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1903, . . $32,156,086 00 $386,869 61
Fire risks written during 1904,
Total,*. .
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
46,038,067 00 552,700 58
$78,194,153 00 $939,570 19
36,305,377 00 448,972 42
$41,888,776 00 $490,597 77
2,487,196 00 26,737 13
. $39,401,580 00 $463,860 64
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (7 per cent.), .
Company's stock owned by directors, .
$7,483,625 00
3,610.885 00
231,585 00
1,552,000 00
14,000 00
94,100 00
Schedule A.
Stocks and Bonds owned by the Company.
Book Value. Market Vaiue.
$200,000 00 $209,500 00
3,500 00 6,282 50
20,000 00 27,600 00
6,500 00 15,080 00
1,000 00 1,000 00
10,000 00 14,300 00
15,000 00 29,700 00
5,000 00 16,750 00
10,000 00 15,650 00
United States bonds, .
Consolidated Gas bonds, .
Pennsylvania R.R. Co. stock, .
National Bank of Commerce stock,
Underwriters' Salvage Co. stock,
N. Y. C. & H. R. R.R. stock, .
Consolidated Gas Co. stock,
Franklin Trust Co. stock, .
Illinois Central Railroad stock,
$271,000 00 $335,862 50
NIAGARA FIRE INSURANCE CO. 297
" NIAGARA FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated July, 1850. Commenced business August, 1850.]
Paid-up Capital, $500,000.
HAROLD HERRICK, President. GEORGE W. DEWEY, Secretary.
Home Office, 46 Cedar Street.
Income.
Net fire premiums $2,652,911 66
Interest on mortgage loans, $15,435.41; stocks and bonds,
$106,491.07; all other, $ 7,065. 38, 128,99186
Profit on sale or maturity of ledger assets, . . . . 591,861 91
Discounts, 3,995 71
Total income, $3,377,761 14
Ledger assets, Dec. 31, 1903, 3,371,19133
Total, $6,748,952 47
Disbursements.
Net amount paid for fire losses, $1,472,624 15
Interest and dividends to stockholders, 100,020 00
Commissions or brokerage, 540,662 99
Salaries, fees, etc., of officers and employees, .... 216,541 77
Rents, 24,228 41
Taxes and fees, 79,437 77
All other disbursements, 159,021 08
Total disbursements, $2,592,536 17
Balance $4,156,416 30
Ledger Assets.
Mortgages, $464,000 00
Stocks and bonds (Schedule A), 2,848,786 80
Cash in banks and office, 493,596 51
Agents' balances, 350,032 99
Total ledger assets, . . # $4,156,416 30
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $5,329. 21 ; stocks and bonds, $15,140.08 ; other
assets, $2,439.18 22,908 47
Market value of stocks and bonds over book value, . . 143,683 20
Gross assets,* $4,323,007 97
* Including $250,000 special reserve held under New York law.
298
NIAGARA FIRE INSURANCE CO.
Assets not admitted.
Agents' balances over three months due, .
Special deposits less $48,828.76 liab. thereon, .
Total unadmitted assets, .
Total admitted assets,
$3,283 04
59,421 24
|62,704 28
$4,260,303 69
Liabilities.
Unpaid losses, including $35,100 resisted, $243,298.87 ; less
reinsurance, $21,004.51, $222,294 36
Unearned premiums on outstanding risks, $2,090,448.86 ; plus
same on disallowed reinsurance, $6,012.53, . . . . 2,096,461 39
All liabilities, except capital and surplus, . . . $2,318,755 75
Surplus to policy holders, .... $1,941,547 94
Paid-up capital, 500,000 00
Surplus over capital and general liabilities, .... 1,441,547 94
Total liabilities, $4,260,303 69
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
$386,249,795 00
. 294,775,357 00
$681,025,152 00
. 270,795,508 00
$410,229,644 00
. 45,597,285 00
Premiums.
$4,213,193 50
3,511,268 58
$7,724,462 08
3,259,850 61
$4,464,611 47
467.740 15
$364,632,359 00 $3,996,871 32
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (20 per cent.),
Company's stock owned by directors, ....
$53,880,765 00
29,593,045 00
1,478,465 00
2,954,000 00
100,000 00
176,850 00
Schedule A.
Slocks and Bonds owned by the Company.
United States bonds, ....
New Mexico Provisional Indebtedness bonds,
N. Y. City school house bonds,
New York City water bonds, .
New York City water bonds, .
New York City additional water bonds,
New York City Corporation bonds, .
New York City Corporate bonds,
New York City Corporate bonds,
New York City Corporate bonds,
Book Value.
$40,250 00
11,275 00
200,000 00
10,000 00
50,000 00
100,500 00
26,950 00
53,437 50
30,157 11
25,689 39
Market Value.
$35,000 00
10,000 00
194,000 00
9,900 00
48,500 00
98,000 00
25,500 00
50,500 00
27,540 00
23,460 00
THE NORTH BRITISH AND MERCANTILE INSURANCE CO. 299
Wabash R'y Co. bonds, ....
Northern Pacific R'y Co. bonds,
Atchison, Topeka & Santa Fe R.R. bonds,
Denver & Rio Grande R.R. Co. bonds,
Union Pacific R.R. Co. bonds, .
Baltimore & Ohio R'y Co. bonds,
Baltimore & Ohio R'y Co. bonds,
Norfolk & Western R'y Co. bonds, .
Central Pacific R.R. Co. bonds,
N. Pac, Gt. North. R.R. (C, B. & Q.) bonds,
Third Avenue R.R. Co bonds, .
Lake (111.) Gas Co* bonds, .
Lehigh & Wilkesbarre Coal Co. bonds, .
Lehigh Coal & Navigation Co bonds,
N. Y. Gas & Elec. L't, H't & Power Co. bonds
Hackensack Water Co. bonds, .
Norfolk & \V. Pocahontas bonds,
Chateaugay Ore & [ron Co. bonds, .
City of Portland, Ore., water loan bonds,
Port of Portland, Ore., bonds, .
Kansas City, Ft. Scott & Memphis R'y bonds,
U. S. Steel Corporation bonds, .
Imperial Japanese government bonds,
3u0 shares N. Y., Lack. & Western R'y,
1,000 ■
600 '
100 '
100
200 '
400 '
350
1,000 '
500 '
1,200
500 ■
1,500 ■
1,500 '
500 '
1,000 '
Bank,
Chic, Mil. & St. Paul,
Union Pacific R.R ,
Pitts., Ft. Wayne & Chicago,
Rensselaer & Saratoga R.R.,
Cleveland & Pittsburg R.R.,
Morris & Essex R.R., .
American Ex. National
Consolidated Gas Co., .
Missouri Pacific R'y, .
Chic, Mil. & St. Paul, .
Northern Securities Co.,
Chicago & Northwestern R.R.,
Atch., Topeka & Santa Fe R.R.,
Central R.R of N. J., .
Southern Pacific Co., .
Book Value.
Market Value.
$29,781 25
$27,500 00
25,980 00
25,000 00
47,357 50
50,000 00
14,278 75
15,000 00
40,467 50
40,000 00
24,156 25
25,000 00
24,187 50
24,000 00
25,750 00
25,000 00
49,875 00
50,000 00
49,187 50
50,000 00
50,750 00
50,000 00
20,300 00
20,000 00
30,500 00
20,000 00
25,562 50
25,000 00
48,837 50
48,000 00
48,875 00
47,500 00
47,312 50
48,500 00
9,000 00
8,820 00
12,100 00
11,000 00
48,000 00
44,000 00
60,095 13
66,750 00
38,719 87
45,000 00
45,737 84
45,000 00
34,682 50
39,300 00
171,762 50
184,000 00
46,509 17
58,200 00
18,886 25
18,300 00
10,700 00
20,600 00
18,837 50
18,400 00
37,200 00
37,000 00
42,000 00
91,000 00
209,280 12
197,000 00
56,562 50
53,500 00
173,745 00
205,200 00
53,200 00
66,000 00
265,491 67
309,000 00
149,173 61
151,500 00
81,562 50
95,000 00
115,122 89
115,000 00
!,848,786 80 $2,992,470 00
"THE NORTH BRITISH AND MERCANTILE INSURANCE
COMPANY OF NEW YORK," NEW YORK, N. Y.
[Incorporated October, 1897. Commenced business October, 1897.]
Paid-up Capital, $200,000.
E. G. RICHARDS, President. J. F. HASTINGS, Secretary.
Home Office, 76 William Street.
Income.
Net fire premiums, $169,953 08
Interest on stocks and bonds, $25,366.22 ; all other, $367.42, 25,733 64
Total income, $195,686 72
Ledger assets, Dec. 31, 1903, 696,09131
Total, .
$891,778 03
;>00 THE NORTH BRITISH AND MERCANTILE INSURANCE CO.
Disbursements.
Net amount paid for fire losses, $54,600 42
Interest and dividends to stockholders, 20,000 00
Commissions or brokerage, 36,968 68
Salaries, fees, etc., of officers and employees, .... 4,939 63
Rents, 1,800 00
Taxes and fees, 4,135 40
All other disbursements, 6,101 85
Total disbursements, $128,545 98
•
Balance, $763,232 05
Ledger Assets.
Stocks and bonds (Schedule A), $732,369 91
Cash in banks and office, 10,188 01
Agents 1 balances, 20,660 38
All other ledger assets, ........ 13 75
Total ledger assets $763,232 05
Non-Ledger Assets.
Interest due and accrued on stocks and bonds, . . . 3,317 00
Gross assets, $766,549 05
Assets not admitted.
Agents 1 balances over three months due, . $293 49
Depreciation in book value of stocks and bonds, 10,239 91
Total unadmitted assets, .... 10,533 40
Total admitted assets, $756,015 65
Liabilities.
Unpaid losses, including $4,250 resisted, $20,514.51 ; less re-
insurance, $13,195.49, $7,319 02
Unearned premiums on outstanding risks, $131,298.05 ; plus
same on disallowed reinsurance, $85.37, .... 131,38342
All liabilities, except capital and surplus, . . . $138,702 44
Surplus to policy holders, .... $617,313 21
Paid-up capital, 200,000 00
Surplus over capital and general liabilities, .... 417,313 21
Total liabilities, $756,015 65
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, ....
Premiums.
$35,044,187 00 $261,110 38
41,121,784 00 305,214 69
$76,165,971 00 $566,325 07
32,050,601 00 236,948 53
$44,115,370 00 $329,376 54
9,470,802 00 87,049 66
Net amount in force, $34,644,568 00 $242,326 88
NORTHERN INSURANCE CO. OF NEW YORK.
301
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$588,610 00
192,547 00
56,112 00
52,000 00
20,000 00
5,500 00
Schedule A.
Stocks and Bonds owned by the Company.
Northern Pacific-Great Northern bonds,
New York State canal bonds, .
City of Brooklyn bonds, .
New York City additional water bonds,
New York City Riverside Park bonds,
New York City rapid transit bonds,
N. Y. City (Brooklyn school house) bonds,
N. Y. City Appell. Div., Supreme Ct. bonds,
1,000 shares Chicago, Mil. & St. Paul R'y,
1,000
1,000
500
400
100
Reading Co.,
Southern R'y,
Southern R'y (Mobile & Ohio),
Hocking Valley R'y,
Chic. & N. Western R'y,
Book Value.
$47,556 25
51,421 00
53,114 00
19,949 85
30,061 89
28,419
26,858
56,365
191,251
44,410
83,000 00
45,851 83
34,247 90
19,862 03
48
00
00
94
74
Market Value.
$48,500 00
50,000 00
50,000 00
19,600 00
28,800 00
25,500 00
25,500 00
53,530 00
180,000 00
44,500 00
92,000 00
46,500 00
35,200 00
22,500 00
$732,369 91 $722,130 00
"NORTHERN INSURANCE COMPANY OF NEW YORK,"
NEW YORK, N. Y.
[Incorporated Oct. 22, 1897. Commenced business Oct. 25, 1S97.]
Paid-up Capital, $350,000.
LEANDER N. LOVELL, President. JAMES MARSHALL, Secretary.
Home Office, 50 Pine Street.
Income.
Net fire premiums, $404,052 18
Interest on stocks and bonds, 19,809 17
Rents, 2,649 98
Profit on sale or maturity of ledger assets, .... 2,389 82
Total income, $428,901 15
Ledger assets, Dec. 31, 1903, plus increased capital, $100,000, 754,207 12
Total, $1,183,108 27
Disbursements.
Net amount paid for fire losses,
Interest and dividends to stockholders,
Commissions or brokerage,
$337,148 02
6,400 00
140,576 52
302
NORTHERN INSURANCE CO. OF NEW YORK.
Salaries, fees, etc., of officers and employees, . . . . $125 00
Rents, 4,000 00
Repairs and expenses on real estate, 155 59
Real estate taxes, $1,133.97 ; other taxes and fees, $14,136.08, 15,270 05
All other disbursements, 1,796 52
Total disbursements, $505,471 70
Balance, $677,636 57
Ledger Assets
Real estate, ....
Stocks and bonds (Schedule A),
Cash in banks and office, .
Agents' balances,
Total ledger assets, .
80,000 00
516,279 70
17,318 23
64,038 64
$677,636 57
Non-Ledger Assets.
Interest accrued : —
On stocks and bonds, § 1,066.66 ; other assets, f 131.18,
Rents accrued on company's property,
Market value of real estate over book value, .
Market value of stocks and bonds over book value,
All other,
Gross assets,
1,197 84
250 00
30,000 00
12,090 80
107 81
$721,283 02
Liabilities.
Unpaid losses, $24,470.73 ; less reinsurance, $2,385.25, .
Unearned premiums on outstanding risks,
Dividends due stockholders, ......
Due for reinsurance premiums,
All liabilities, except capital and surplus,
Surplus to policy holders, .
Paid-up capital,
Surplus over capital and general liabilities, .
Total liabilities,
$420,533 80
$22,085 48
271,018 39
15 00
7,630 35
$300,749 22
350,000 00
70,533 80
$721,283 02
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
.$37,436,176 00 $422,124 88
. 50,636,977 00 534,764 82
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
.$88,073,153 00 $956,889 70
. 40,813,370 00 421,281 83
. £47,259,783 00 $535,607 87
. 2,713,134 00 36.077 15
. $44,546,649 00 $499,530 72
THE NORTH GERMAN FIRE INSURANCE CO.
303
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year, ....
Company's stock owned by directors, ....
$1,998,450 00
1,248,988 00
343,861 00
30,750 00
6,250 00
127,600 00
Schedule A.
Stocks and Bonds owned by the Company.
United States government bonds,
New York City (college and school) bonds,
New York City (school) bonds,
Northern Pacific R R. bonds, .
Oregon Short Line R.R. Co. bonds, .
Ann Arbor R'y bonds, ....
Atchison, Topeka & Santa Fe R'y Co. bonds,
Lake Shore & Mich. Southern R.R. bonds,
Baltimore & Ohio R'y bonds, .
Central Pacific R'y Co. bonds, .
1,766 shares Pennsylvania R.R. Co ,
300 " Consolidated Gas Co. of N. Y.,
300 " Atchison, Top. & Santa Fe R.R.,
300 " Union Pacific R.R. Co.,
100 " Southern R'y Co.,
Book Value.
$121,872 76
26,580 15
26,617 72
24,718 75
19,518
9,512
9,262
10,162
9,150
10,187
121,307 81
61,376 25
28,950 00
27,637 50
9,425 00
76
50
50
50
00
50
Market Value.
|131,000 00
25,250 00
25,250 00
25,250 00
20,800 00
9,800 00
9,500 00
10,150 00
9,500 00
10,250 00
122,295 50
60,000 00
30,300 00
29,325 00
9,700 00
|516,279 70 $528,370 50
"THE NORTH GERMAN FIRE INSURANCE COMPANY OF
NEW YORK," NEW YORK, N. Y.
[Incorporated May 15, 1899. Commenced business June 17, 1S99.]
Paid-up Capital, $200,000.
ADOLPH LOEB, President. LOUIS L. LOEB, Secretary.
Home Office, 2 Liberty Street.
Income.
Net fire premiums, $348,672 64
Interest on mortgage loans, $3,537.44; bonds, $8,650; all
other, $709.87, 12,897 31
Investment to surplus account, 60,000 00
Total income, $421,569 95
Ledger assets, Dec. 31, 1903 430,352 26
Total, $851,922 21
Disbursements.
Net amount paid for fire losses,
Interest and dividends to stockholders, .
Commissions or brokerage, .
. $191,869 28
12,000 00
116,286 14
;04
THE NORTH GERMAN FIRE INSURANCE CO.
Salaries, fees, etc., of officers and employees, .
Rents,
Taxes and fees,
All other disbursements,
Total disbursements,
Balance,
$2,433 35
1,500 00
7,369 20
9,336 89
j
$340,794 86
$511,127 35
Ledger Assets
Mortgages, ...
Bonds (Schedule A),
Cash in banks and office, .
Agents' balances,
Bank certificates of deposits,
Total ledger assets, .
$50,000 00
309,898 13
20,102 93
100,526 29
30,600 00
$511,127 35
Interest accrued : -
On mortgages, $833.
Gross assets,
Non-Ledger Assets.
; bonds, $2,272.48, .
3,106 36
$514,233 71
Assets not admitted.
Depreciation in book value of bonds,
Total admitted assets, ....
11,565 63
. $502,668 08
Liabilities.
Unpaid losses, $38,511.52 ; less reinsurance, $2,473.03, . . $36,038 49
Unearned premiums on outstanding risks, .... 213,290 53
All liabilities, except capital and surplus, . . . $249,329 02
Surplus to policy holders, .... $253,339 06
Paid-up capital, 200,000 00
Surplus over capital and general liabilities, .... 53,339 06
Total liabilities, $502,668 08
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
$22,594,334 00 $358,305 31
.41,608,139 00 669,663 45
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
$64,202,473 00 $1,027,968 76
. 30,240,274 00 507,576 14
$33,962,199 00 $520,392 62
. 6,347,195 00 93,568 47
$27,615,004 00 $426,824 15
THE NORTH RIVER INSURANCE CO.
305
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
Schedule A.
Bonds owned by the
Union Pacific R.R. bonds, .
United States bonds,
New York City bonds,
Metropolitan W. S Elevated bonds,
South Side Elevated R.R. bonds,
Cleve., Cin., Chicago & St. Louis bonds,
Metropolitan W. S. Elevated R.R. bonds,
Wisconsin Central R.R. bonds,
Atchison, Topeka & Santa Fe bonds,
Company.
Book Value.
$27,156 25
26,447 79
221,897 09
9,784 72
5,266 25
5,067 50
4,888 47
4,657 56
4,732 50
,164,274
622,439
211,093
12,000
12,000
198,000
00
00
00
00
00
00
Market Value.
$26,500 00
26,437 50
210,870 00
9,900 00
5,150
5,075
4,950
4,700
4,750
00
00
00
00
00
$309,898 13 $298,332 50
"THE NORTH RIVER INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated Feb. 6, 1822. Commenced business March 6, 1822.]
Paid-up Capital, $350,000.
WM. E. HUTCHINS, President. FREDERICK H. CRUM, Secretary.
Home Office, 84 William Street.
Income.
Net fire premiums,
Interest on mortgage loans, $5,440.89 ; collaterals, $331.53
stocks and bonds, $26,322.31 ; all other, $6,067, .
Rents,
Profit on sale or maturity of ledger assets,
Total income,
Ledger assets, Dec. 31, 1903,
$1,043,084 63
38,161 73
15,216 09
162,493 29
$1,258,955 74
1,209,814 17
Total, . $2,468,769 91
Disbursements.
Net amount paid for fire losses, $534,094 66
Interest and dividends to stockholders, 26,776 00
Commissions or brokerage, 256,955 97
Salaries, fees, etc., of officers and employees, .... 85,549 87
Rents, 7,500 00
Repairs and expenses on real estate, 5,845 98
Real estate taxes, $6,970.75; other taxes and fees, $11,320.35, 18,291 10
All other disbursements, 39,438 97
Total disbursements, $974,452 55
Balance, $1,494,317 36
306
THE NORTH RIVER INSURANCE CO.
Ledger Assets.
Real estate, $294,339.36 ; mortgages, $106,900,
Loans secured by collateral (100 shares U. S. Steel Corp.),
Stocks and bonds (Schedule A),
Cash in banks,
Agents' balances,
Office premiums,
Total ledger assets,
$401,239 36
7,000 00
683,579 94
192,813 19
102,639 45
107,045 42
$1,494,317 36
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $2,187.71; stocks and bonds, $3,352.35;
collateral loans, $41.98, 5,582 04
Rents accrued on company's property, 2,026 54
Reinsurance due on losses paid, 2,843 04
All other, 6,478 98
Gross assets, $1,511,247 96
Assets not admitted.
Agents' balances over three months due, . $8,867 32
Depreciation in book value of stocks and bonds, 20,492 69
Reinsurance due on losses paid, . . . 705 19
Total unadmitted assets, ....
Total admitted assets,
30,065 20
$1,481,182 76
Liabilities.
Unpaid losses, including $4,252.60 resisted, $83,028.63; less
reinsurance, $6,751.76,
Unearned premiums on outstanding risks, $610,082.27 ; plus
same on disallowed reinsurance, $31,666.89,
Dividends due stockholders,
Commissions and other charges due agents and brokers,
Due for return premiums, $13,087 . 33 ; reinsurance, $ 14,224.62,
All liabilities, except capital and surplus,
Surplus to policy holders, . . . .
Paid-up capital,
Surplus over capital and general liabilities, .
Total liabilities,
,746 97
$76,276 87
641,749 16
5,191 00
23,906 81
27,311 95
$774,435 79
350,000 00
356,746 97
$1,481,182 76
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
. $99,995,208 00
. 146,077,749 00
$246,072,957 00
. 109,909,356 00
$136,163,601 00
. 28,822,137 00
Premiums.
$1,004,753 56
1,484,231 38
$2,488,984 94
1,102,925 45
$1,386,059 49
250,623 71
$107,341,464 00 $1,135,435 78
NORTHWESTERN NATIONAL INSURANCE CO.
307
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, ....
Schedule A.
Stocks and Bonds owned by the Company.
'New York bonds,
Certs, of indebtedness of Philippine Isl. b'ds,
Pennsylvania R R. Co. bonds, .
Missouri Pacific R'y bonds,
St. Louis, Iron Mt. & Southern R'y bonds,
800 shares Pennsylvania R.R., .
100 " St. Louis & San Francisco R.R.,
100 " Baltimore & Ohio R.R. Co., .
20 " Washington Trust Co., .
Book Value.
$418,628 91
151,980 20
5,000 00
16,087 50
9,208
58,137
8,275
8,262
33
50
00
50
8,000 00
$8,709,577 00
3,852,948 00
545,809 00
2,808,750 00
28,000 00
124,100 00
Market Value.
$399,026 75
151,011 00
5,162 50
16,350 00
9,550 00
55,300 00
7,800 00
10,487 00
8,400 00
$683,579 94 $663,087 25
"NORTHWESTERN NATIONAL INSURANCE COMPANY OF
MILWAUKEE, WISCONSIN," MILWAUKEE, WIS.
[Incorporated Feb. 20, 1869. Commenced business July 1, 1869.]
Paid-up Capital, $600,000.
WILFORD M. PATTON, President. JOSEPH HUEBL, Secretary.
Some Office, 87 Michigan Street.
Income.
Net fire premiums, $1,451,621.95 ; marine, $4,132.09, . . $1,455,754 04
Interest on mortgage loans, $43,293.54; bonds, $89,442.38 ;
all other, $2,772 135,507 92
From all other sources, 26 30
Total income, $1,591,288 26
Ledger assets, Dec. 31, 1903, 3,612,837 27
Total $5,204,125 53
Disbursements.
Net amount paid for fire losses, $632,329.77 ; marine, $638.93, $632,968 70
Interest and dividends to stockholders, 90,000 00
Commissions or brokerage, 438,472 56
Salaries, fees, etc., of officers and employees, .... 146,944 85
Rents, 13,764 00
Taxes and fees, . 55,018 61
Loss on sale or maturity of ledger assets, .... 339 01
All other disbursements, 58,943 13
Total disbursements, $1,436,450 86
Balance, $3,767,674 67
308
NORTHWESTERN NATIONAL INSURANCE CO.
Ledger Assets.
Real estate, $119,644.72 ; mortgages, $993,200,
Bonds (Schedule A),
Cash in banks and office,
Agents 1 balances,
Total ledger assets,
Non-Ledger Assets.
Interest accrued : —
On mortgages, $7,149.68; bonds, $10,916.62,.
Market value of bonds over book value, .
Gross assets,
$1,112,844 72
2,315,723 81
175,791 64
163,314 50
13,767,674 67
18,066 30
26,376 19
1,812,117 16
Liabilities.
Unpaid losses, including $8,600 resisted, $84,029.86; less
reinsurance, $4,204.84, $79,825 02
Unearned premiums on outstanding risks, $1,727,624.93 ; plus
same on disallowed reinsurance, $1,768.36, . . . . 1,729,393 29
Conflagration reserve, 250,000 00
Miscellaneous, 3,475 00
All liabilities, except capital and surplus, . . . $2,062,693 31
Surplus to policy holders, .... $1,749,423 85
Paid-up capital, 600,000 00
Surplus over capital and general liabilities, .... 1,149,423 85
Total liabilities $3,812,117 16
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
Marine risks written during 1904,
Risks expired and terminated, .
$327,021,475 00
. 166,665,022 00
$493,686,497 00
139,668,761 00
$354,017,736 00
. 16,336,707 00
Premiums.
$3,199,000 18
1,676,285 72
$4,875,285 90
1,467,219 36
$3,408,066 54
156,324 26
$337,681,029 00 $3,251,742 28
53,265,100 00
3,265,100 00
^9,085 69
9,085 69
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Inland marine losses incurred during the year,
Cash dividends declared from organization of company,
Stock dividends declared from organization of company,
Dividends declared during the year (15 per cent),
Company's stock owned by directors, ....
$22,269,415 00
10,535,686 00
647,663 00
639 00
1,914,000 00
174,000 00
90,000 00
202,600 00
ORIENT INSURANCE CO.
309
Schedule A.
Bonds owned by the Company.
United States bonds, ....
Chicago, Mil. & St. Paul R'y bonds,
Chicago & Northwestern R'y bonds,
Chicago & Alton R'y bonds, i .
Atchison, Topeka & Santa F6 R'y bonds
Southern R'y bonds, ....
Union Pacific R.R. bonds, .
Union Pacific R.R bonds,
Northern Pacific R'y bonds,
Pitts., Cin., Chic. & St. Louis R'y bonds,
Wisconsin Central R'y bonds, .
Norfolk & Western Pocahontas bonds,
Baltimore & Ohio R'y bonds, .
Baltimore & Ohio R'y bonds, .
Chicago & Eastern Illinois R.R. bonds,
Chicago & Western Indiana R.R. bonds,
Chicago, Burl. & Quincy R.R. bonds,
Elgin, Joliet & Eastern R'y bonds, .
Lake Shore & Mich. Southern R'y bonds,
Chicago, Rock Island & Pacific R'y bonds,
Chicago Sanitary District bonds,
Waukesha sewerage bonds,
Milwaukee city bonds, ....
Book Value.
$269,000 00
216,724 98
331,237 65
82,937 50
89,463 25
101,263 75
94,937 50
45,969 25
102,750 00
107,132 70
90,247 50
94,073 10
47,813 18
50,288 89
120,262 50
100,150 41
46,593 75
57,234 75
100,000 00
48,031 25
52,526 36
32,200 00
34,885 54
Market Value.
$260,500 00
223,500 00
318,750 00
81,000 00
102,500 00
118,000 00
104,500 00
56,500 00
105,000 00
102,000 00
91,000 00
94,000 00
51,000 00
47,500 00
118,500 00
98,000 00
50,000 00
57,500 00
100,000 00
47,500 00
51,250 00
30,600 00
33,000 00
1,315,723 81 $2,342,100 00
"ORIENT INSURANCE COMPANY," HARTFORD, CONN.
[Incorporated June 28, 1867. Commenced business January, 1872.]
Paid-up Capital, $500,000.
A. G. McILWAINE, Jr., President. JAMES WYPER, Secretary.
Home Office^ 5 Eaynes Street.
Income.
Net fire premiums, $1,117,370 68
Interest on mortgage loans, $1,450.08; stocks and bonds,
$63,661; all other, $3,093.07, 68,204 15
Rents, 496 00
Capital and surplus of Norwalk Fire Insurance Co., . . 51,988 61
Total income, $1,238,059 44
Ledger assets, Dec. 31, 1903, 2,171,257 93
Total, .
. $3,409,317 37
Disbursements.
Net amount paid for fire losses, $729,022.68; marine,
$1,305. 1H,
Interest and dividends to stockholders,
$730,327 86
50,000 00
310
ORIENT INSURANCE CO.
Commissions or brokerage,
Salaries, fees, etc., of officers and employees, .
Rents,
Repairs and expenses on real estate, ....
Real estate taxes, $142.04 ; other taxes and fees, $26,168.21,
Loss on sale or maturity of ledger assets,
All other disbursements,
Total disbursements,
Balance,
$248,659 99
63,964 58
4,549 88
286 12
26,310 25
34,611 21
54,359 76
$1,213,069 65
$2,196,247 72
Ledger Assets
Real estate, ....
Stocks and bonds (Schedule A),
Cash in banks and office, .
Agents' balances,
Bills receivable, not matured, .
Special cash deposit,
Total ledger assets, .
1,893 57
1,691,727 41
184,250 70
175,092 97
283 07
75,000 00
$2,196,247 72
Non-Ledger Assets.
Interest due and accrued : —
On stocks and bonds, $27,158.31 ; other assets, $422.28,
Market value of stocks and bonds over book value,
All other,
Gross assets,
27,580 59
54,463 18
351 06
1,278,642 55
Assets not admitted.
Agents' balances over three months due,
Special deposits less $38,342.01 liab. thereon,
Total unadmitted assets, .
$5,958 72
71,699 32
77,658 04
Total admitted assets,
. $2,200,984 51
Liabilities.
Unpaid losses, including $28,205 resisted, $123,440.07;
less reinsurance, $7,622.12, . $115,817 95
Unearned premiums on outstanding risks, $958,754.31 ; plus
same on disallowed reinsurance, $3,704.70, . . . 962,459 01
Salaries and other miscellaneous expenses, due or accrued, . 1,407 54
Due for return premiums, $776.55 ; reinsurance, $2,975.95, . 3,752 50
All liabilities, except capital and surplus,
Surplus to policy holders, .
Paid-up capital,
Surplus over capital and general liabilities, .
. $1,083,437 00
,117,547 51
500,000 00
617,547 51
Total liabilities, $2,200,984 51
ORIENT INSURANCE CO.
311
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Risks and Premiums.
Premiums.
$155,223,241 00 $1,823,699 14
. 126,512,092 00 1,585,927 68
$281,735,333 00 $3,409,626 82
. 110,747,630 00 1,409,126 52
$170,987,703 00 $2,000,600 30
. 13,511,925 00 167,037 32
Net amount in force,
$157,475,778 00 $1,833,462 98
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Stock dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
Schedule A.
Stocks and Bonds owned by the Company.
$26,507,325 00
16,575,798 00
701,152 00
1,540,000 00
100,000 00
50,000 00
5,500 00
United States government bonds,
Mass. Met. water loan bonds, .
State of Connecticut bonds,
State of Georgia funding bonds,
Alexandria, Ind., water works bonds,
City of Fayetteville, N. C, bonds,
City of Middletown, Conn., bonds,
City of New Britain, Conn., bonds,
City of New Haven, Conn., bonds,
City of New London, Conn., school bonds,
City of Norfolk, Va., bonds,
City of Portland, Ore., bonds, .
City of Richmond, Va , bonds, .
City of Rochester, N Y., bonds,
City of Schenectady, N. Y., bonds,
City of South Norwalk, Conn., bonds,
City of Sioux Falls, Dak., bonds,
City of Stamford, Conn., bonds,
City of Waterbury, Conn., bonds,
City of Watertown, N. Y., bonds,
City of Willimantic, Conn., bonds,
City of Yonkers, N. Y., bonds, .
County of Finney, Kan., bonds,
County of Glynn , Ga., bonds, .
County of Pierce, Wash., bonds,
County of Wichita, Kan., bonds,
Bethany t'ns'p, Osborne County, Kan., bonds,
Precinct of Beaver, Neb., bonds,
Precinct of Stanton, Neb., bonds,
Atchison, Topeka & Santa Fe R.R. Co. bonds,
Atlantic Coast Line R.R. Co. bonds,
Central of Georgia R.R. Co. bonds, .
Central R.R. of New Jersey bonds, .
Book Value.
$13,537 50
224,000 00
5,020 00
26,750 00
9,187 20
10,000 00
12,000 00
27,375 00
10,268 00
5,332 00
20,700 00
57,500 00
33,035 45
25,250 00
23,330 60
26,903 00
13,780 00
27,100 00
5,000 00
4,966 50
20,723 00
26,742 50
10,825
10,000
10,708
4,000
3,660
4,850
7,760
13,850 62
23,250 00
18,500 00
80,600 00
00
00
00
00
00
00
00
00
00
00
50
25
00
Market Value.
$12,933 33
209,000 00
4,950 00
27,000 00
9,405 00
10,500
12,120
27,375
10,262
5,406
21,800
57,000 00
26,346 50
24,875 00
23,320 00
26,750 00
13,585 00
27,100 00
4,962 50
4,981 25
21,400 00
24,906 25
11,000 00
11,400 00
10,750 00
4,000 00
3,500 00
5,250 00
8,240 00
13,960 00
24,791 67
21,000 00
84,337 50
312
PAW TUCKET MUTUAL FIRE INSURANCE CO.
Chicago, Burl. & Quincy R.R. bonds,
Chicago, Milwaukee & St. Paul R.R. bonds,
Chicago, Rock Island & Pac. R.R. Co. bonds,
Cin., Dayton & [ronton R.R. bonds, .
Cincinnati Northern R'y bonds,
Cleve., Col., Cin. & Indian. R.R. bonds,
Cleveland Term. & Valley R.R bonds,
Columbus & Toledo R.R. Co. bonds,
Dayton & Michigan R.R. Co. bonds,
Detroit, Grand Rap. & West. R.R. Co. bonds,
E. Tenn., Virginia & Georgia R R. Co. bonds
Georgia R.R. & Banking Co. bonds,
Illinois Central R.R. Co. bonds,
Kanawha & Michigan R.R. Co. bonds,
Lehigh Valley Terminal R.R. Co. bonds,
Minneapolis & St Louis R.R. Co. bonds,
Morris & Essex R.R. Co. bonds,
Norfolk & Western R.R. Co. bonds,
Ohio & West Virginia R.R. Co. bonds,
Philadelphia & Reading R.R. Co. bonds,
Pitts , Cleve. & Toledo R R. Co. bonds,
Richmond & Danville R.R. Co. bonds,
St. Louis, Iron Mt. & South R R. Co. bonds,
Savannah, Fla. & Western RR. Co. bonds,
Seaboard & Roanoke R.R Co. bonds,
Southern R'} T Co bonds, ....
Terre Haute & Logansport R.R. Co. bonds,
Vermont Valley R.R. Co. bonds,
West Chicago Street R'y bonds,
West Shore R.R. Co. bonds,
Willmar & Sioux Falls R.R. Co. bonds, .
First Baptist Church, Nashville, Tenn , bonds
Rutland and Grafton district, 111., bonds, .
113 shares City Bank, Hartford, Conn.,
60 " First Nat'l Bank, Norwich, Conn.
152 " Mercan. Nat'l Bank, Hart., Conn.
31 " Chic, Burl. & Quincy R.R. Co.,
84 " Cincinnati Northern R'y,
1,126 " N. Y., N. H. & Hart. R.R. Co.,
10 " Underwriters' Salvage Co., .
50
00
00
00
50
Hook Value.
$50,650 00
58,657 50
20,329 20
9,550 00
2,000 00
42,150 00
10,000 00
15,602 50
26,250 00
9,790 37
14,286 67
11,112
19,000
20,250
22,155
30,471
12,500 00
9,325 19
3,547 50
10,462 50
10,525 00
11,000 00
27,687 50
10,462 50
20,650 00
55,165
4,425
25,125
10,100
90,800 00
16,425 00
8,000 00
1,000 00
14,451
8,775
1,491
3,100
9,797 21
147,152 75
1,000 00
00
00
00
00
00
00
65
00
Market Value.
$53,797 50
56,875 00
20,600 00
11,316 67
2,000 00
42,766 67
9,800 00
13,000 00
25,125 00
9,800 00
17,725 00
10,500 00
18,750
23,625
22,876
30,283 33
12,700 00
9,900
3,300
12,000
11,612
10,875 00
28,250 00
11,112 50
21,575 00
58,125 00
4,260 00
26,500 00
6,000 00
85,600 00
17,550 00
8,200 00
1,000 00
10,170 00
5,700
152
5,890
2,100
219,570
1,000
00
00
67
00
00
00
50
00
00
00
00
00
00
$1,691,727 41 $1,746,190 59
"PAWTUCKET MUTUAL FIRE INSURANCE COMPANY,"
PAWTUCKET, R. I.
[Incorporated May, 1848. Commenced business February, 1849.]
AUGUSTINE A. MANN, President. HOWARD A. FLETCHER, Secretary.
Home Office, 205 Main Street.
Income.
Net premiums, $106,874.53; extra premiums, $785.39, . . $107,659 92
Interest on mortgage loans, $2,825.06; stocks and bonds,
$10,117.50; allother, $2,120.96, 15,063 52
From all other sources, 3,411 79
Total income, $126,135 23
Ledger assets, Dec. 31, 1903, 420,581 60
Total, $546,716 83
PAWTUCKET MUTUAL FIRE INSURANCE CO. 313
Disbursements.
Net amount paid for losses, $50,823 26
Profits on terminated policies, 26,605 88
Commissions or brokerage, 15,605 92
Salaries, fees, etc., of officers and employees, .... 6,370 50
Rents, 1,627 50
Taxes and fees, 2,306 96
All other disbursements, 11,223 83
Total disbursements, $114,563 85
Balance, $432,152 98
Ledger Assets.
Real estate, $7,090.67; mortgages, $50,675, .... $57,76567
Stocks and bonds (Schedule A), 304,940 50
Cash in banks and office, 62,129 85
Agents 1 balances, 7,316 96
Total ledger assets, $432,152 98
Non-Ledger Assets.
Market value of stocks and bonds over book value, . . 13,409 50
Gross assets, $445,562 48
Assets not admitted.
Agents' balances over three months due, .... 1,388 60
Total admitted assets, $444,173 88
Liabilities.
Unpaid losses, including $1,000 resisted, $2,552 95
Unearned premiums on outstanding risks, .... 190,685 02
Dividends due policy holders, 1,535 65
State taxes due and accrued, 1,488 04
All liabilities, except surplus, $196,261 66
Surplus, 247,912 22
Total liabilities, $444,173 88
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1903, $25,338,689 00 $353,730 72 $353,730 72
Risks written during 1904, . 7,759,830 00 115,500 20 115,500 20
Total $33,098,519 00 $469,230 92 $469,230 92
Risks expired and terminated, . 6,735,847 00 94,950 53 94,950 53
In force at end of year, . . $26,362,672 00 $374,280 39 $374,280 39
Amount reinsured, . . . 20,750 00 252 39 252 39
Net amount in force, . .$26,341,922 00 $374,028 00 $374,028 00
314 THE PELICAN ASSURANCE CO.
Miscellaneous.
Losses incurred during the year, $49,110 00
Profits or surplus returned during 1904, 24.9 per cent.
Schedule A.
Stocks and Bonds owned by the Company.
Book Value. Market Value.
United States bonds $ 2 17,883 75 $221,390 00
Rhode Island Suburban R.R. bonds, . . 19,400 00 18,600 00
State of Rhode Island bonds, .... 20,966 50 20,000 00
49 shares Providence & Worcester R.R., . 4,704 00 13,965 00
50 " Slater Tr. Co. (Pawtucket, R. I.), . 7,600 00 10,850 00
10 " Am. Screw Co. (Providence, R. I.), 1,000 00 1,000 00
280 " Pennsylvania R.R., .... 19,311 25 19,320 00
50 " N. Y., Lackawanna & West. R.R., . 7,037 50 6,625 00
50 " Rome, Water. & Ogdens. R.R., . 7,037 50 6,600 00
$304,940 50 $318,350 00
" THE PELICAN ASSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated March 7, 1899. Commenced business May 1, 1899.]
Paid-up Capital, $200,000.
A. D. IRVING, President. A. D. IRVING, Jr., Secretary.
Home Office, 47 Cedar Street.
Income.
Net fire premiums, $297,654 63
Interest on bonds, 12,638 24
Stockholders 1 subscription, 50,000 00
Total income, $360,292 87
Ledger assets, Dec. 31, 1903, 484,724 39
Total $845,017 26
Disbursements.
Net amount paid for fire losses, $244,401 98
Commissions or brokerage, 70,970 71
Salaries, fees, etc., of officers and employees, .... 26,401 47
Rents, 123 99
Taxes and fees, 10,190 38
All other disbursements, 3,515 89
Total disbursements, $355,604 42
Balance, $489,412 84
Ledger Assets.
Bonds (Schedule A), $442,262 80
Cash in banks, 25,470 66
Agents' balances, 21,679 38
Total ledger assets, $489,412 84
THE PELICAN ASSURANCE CO.
315
Non-Ledger Assets.
Interest due and accrued on bonds, .
$4,057 35
Gross assets, $493,470 19
Assets not admitted.
Agents 1 balances over three months due,
Depreciation in book value of bonds,
Total unadmitted assets, .
Total admitted assets,
$840 44
3,023 30
3,863 74
. $489,606 45
Liabilities.
Unpaid losses, including $500 resisted, $29,866 ; less rein-
surance, $1,821, $28,045 00
Unearned premiums on outstanding risks, .... 189,606 18
Salaries and other miscellaneous expenses, due or accrued, . 42 68
Due for reinsurance premiums, 3,108 75
All liabilities, except capital and surplus, . . . $220,802 61
Surplus to policy holders, .... $268,803 84
Paid-up capital, 200,000 00
Surplus over capital and general liabilities, .... 68,803 84
Total liabilities, $489,606 45
Fire risks outstanding Dec. 31, 1903
Fire risks written during 1904,
Risks and Premiums.
Premiums.
$37,773,840 00 $394,656 51
37,456,861 00 426,996 63
Total
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, .
Net amount in force, .
$75,230,701 00 $821,653 14
33,922,756 00 385,354 62
$41,307,945 00 $436,298 52
6,602,163 00 71,661 23
.$34,705,782 00 $364,637 29
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Company's stock owned by directors,
.,192,116 00
680,683 00
248,388 00
6,500 00
Schedule A.
Bonds owned by the Company.
United States bonds,
City of Brooklyn bonds, .
N. Y. C. & H. R. R.R. bonds, .
Baltimore & Ohio bonds, .
Great Northern-Northern Pacific bonds,
Book Value.
$204,000 00
82,821 76
34,192 50
24,168 75
24,240 83
Market Value.
$209,000 00
76,427 00
31,325 00
23,562 50
24,750 00
316
PENNSYLVANIA FIRE INSURANCE CO.
Atchison, Topeka & Santa Fe bonds,
Union Pacific R.R. bonds,
Chicago, Mil. & St. Paul bonds,
Book Value.
$30,622 08
20,039 44
22,177 44
Market Value.
$31,125 00
21,000 00
22,050 00
$442,262 80 $439,239 50
"PENNSYLVANIA FIRE INSURANCE COMPANY,"
PHILADELPHIA, PA.
[Incorporated March, 1825. Commenced business April, 1825.]
Paid-up Capital, $400,000.
R. DALE BENSON, President. W. GARDNER CROWELL, Secretary.
Home Office, 510 Walnut Street.
Income.
Net fire premiums,
Deposit premiums on perpetual risks,
Interest on mortgage loans, $32,719.51; collaterals,
282 . 68 ; stocks and bonds, $ 182,666 . 7 1 ; all other, $2,853 . 86
Rents,
Profit on sale or maturity of ledger assets,
Total income,
Ledger assets, Dec. 31, 1903,
$2,776,449 50
40,720 22
234,522 76
4,287 75
5,875 00
$3,061,855 23
6,230,472 83
Total, $9,292,328 06
Disbursements.
Net amount paid for fire losses,
Deposit premiums returned,
Interest and dividends to stockholders,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees, ....
Repairs and expenses on real estate, .....
Real estate taxes, $3,756.72 ; other taxes and fees, $72,999.99,
Loss on sale or maturity of ledger assets, ....
All other disbursements,
Total disbursements,
Balance,
Ledger Assets.
Real estate, $241,996.58; mortgages, $629,950,
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B), .
Cash in banks and office,
Agents 1 balances,
Total ledger assets,
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $4,430.89 ; collateral loans, $1,668.62,
Market value of real estate over book value, .
$1,827,255 61
37,444 89
100,000 00
566,677 25
175,000 00
2,791 32
76,756 71
4,241 46
171,039 43
$2,961,206 67
$6,331,121 39
$871,946 58
335,100 00
4,487,237 23
171,232 08
465,605 50
^6,331,121 39
6,099 51
159,202 77
Gross assets,
1,496,423 67
PENNSYLVANIA FIRE INSURANCE CO.
317
Assets not admitted.
Agents 1 balances over three months due,
Special deposits less $48,672.38 liab. thereon,
Depreciation in book value of real estate,
Total unadmitted assets, ....
Total admitted assets, ....
$19,438 58
42,277 62
47,996 58
$109,712 78
6,386,710 89
Liabilities.
Unpaid losses, including $16,519.17 resisted, $222,543.73;
less reinsurance, $22,169.32, $200,374 41
Unearned premiums on outstanding risks, .... 2,364,100 69
Reclaimable on perpetual fire policies, 879,249 99
All liabilities, except capital and surplus, . . . $3,443,725 09
Surplus to policy holders, .... $2,942,985 80
Paid-up capital, 400,000 00
Surplus over capital and general liabilities, .... 2,542,985 80
Total liabilities, $6,386,710 89
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
$452,992,895 00 $4,980,816 89
. 301,147,951 00 3,707,845 85
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
$754,140,846 00 $8,688,662 74
. 250,782,869 00 3,475,734 24
$503,357,977 00 $5,212,928 50
. 58,103,376 00 587,455 78
$445,254,601 00 $4,625,472 72
Perpetual risks in force (not included above), $38,752,151 00 $966,301 91
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends"declared from organization of company,
Dividends declared during the year (25 per cent.),
Company's stock owned by directors, ....
$52,639,909 00
27,345,867 00
1,802,229 00
3,629,000 00
100,000 00
64,300 00
Schedule A.
Securities held as Collateral.
230 shares Pulaski Iron Co.,
30 " Corn Exchange Nat'l Bank,
154 " Metropolitan St. R'y Co.,
100 " Philadelphia Co., .
Ill " United Gas Imp. Co.,
400 " United R'y Invest. Co., .
Market Value.
$25,300 00
3,930 00^
18,480 00 |
4,200 00 }
11,766 00 |
26,000 00 J
Loaned Thereon.
$15,000 00
47,000 00
318
PENNSYLVANIA FIRE INSURANCE CO.
100 shares Gr. R., Hoi. & L. M. Rap. R'y Co.,
5 " Provident Life & Trust Co.,
16 " First N'l B'k of Shippensb'g, Pa.,
4 " Bank of North America,
3,000 " Sub. Gas Co. of Philadelphia,
100 " Heal Estate Trust Co , .
Lexington Ave & Pav. Ferry R.R. Co. bonds,
Compton Hts., Union Dep. & Mer. term, b'ds
Sec. Ave. Traction Co. of Pittsburg bonds,
United Traction Co. of Pittsburg bonds, .
Atchison, Topeka & Santa Fe R'y bonds,
Baltimore & Ohio R.R. Co. bonds, .
Chicago & Western Indiana R.R. bonds, .
125 shares Real Estate Trust Co.,
200 " Elec. Storage & Battery,
50 " Real Estate Trust Co., .
Equitable Ilium. Gas Light Co. bonds,
46 shares First National Bank of Phila.,
105 " Lehigh Coal & Navigation Co.,
10 " Commonw'th Title, Ins. and Tr. Co.
Indianapolis Northern Traction Co. bonds,
Pennsylvania R.R. Co. bonds, .
Baltimore & Ohio R.R. Co. bonds, .
200 shares United Gas Imp, Co.,
Connecticut R'y & Light Co. bonds, .
100 shares Lehigh Coal & Navigation Co.,
100 " Norristovvn Trust Co.,
Reading Co. & Phil. & Read. C'l & Ir. Co. b'ds
200 shares Lehigh Coal & Navigation Co.,
Midland Valley R.R. Co. bonds,
Market Value.
$10,000 00
3,750 00
3,120 00
1,120 00
2,940 00
34,000 00
11,300 00^
11,000 00
11,500 00
11,600 00
10,300 00
9,300
5,600
21,875
15,800
8,750
1,090
8,004 00
11,340 00
800 00
9,000 00
9,270 00
13,950 00
21,200 00
17,640 00
10,800 00
15,000 00
6,180 00
21,600 00
60,600 00
Loaned Thereon.
$9,500 00
3,000 00
2,200 00
500 00
2,000 00
18,000 00
)> 50,000 00
28,000 00
4,000 00
900 00
5,000 00
4,000 00
25,000 00
40,000 00
11,000 00
20,000 00
50,000 00
$468,105 00 $335,100 00
Schedule B.
Slocks and Bonds owned by the Company.
United States loan bonds, .
St. Louis city bonds, ....
City of Springfield, 111., funding bonds,
City of Dayton, Ohio, bonds, .
Newark, Ohio, refunding bonds,
City of Duluth, Minn., bonds, .
Borough of Sharpsburg, Pa , bonds,
Sch. Dist of the Boro' of Sewickley, Pa., b'ds
City of Portland, Ore , bonds, .
Port of Portland, Ore., bonds, .
City of Richmond, Va., bonds, .
West Knoxville Gen. Imp. Co. bonds,
Phila., Wilm. & Baltimore R.R. bonds,
Philadelphia & Erie R.R. Co. bonds,
Philadelphia & Reading R.R. bonds,
Lehigh Valley R R. Co. bonds,
Penn. & N. Y. Canal & R.R. Co. bonds,
Chicago & Western Indiana R.R. Co. bonds,
Schuylkill River East Side R.R. Co. bonds,
Shamokin, Sunb. & Lewisb. R.R. Co. bonds,
St. Paul & Northern Pacific R.R. Co. bonds,
C, C, C. & Indianapolis R'y Co. bonds, .
N. Y., Sus. & Western R.R. Co. Ter. bonds,
60
00
00
70
60
Book Value.
$16,362 50
22,937 50
36,612 50
36,773 75
12,720 00
48,232
41,464
24,080
54,823
6,028
21,732 00
22,000 00
113,000 00
78,750 00
140.331 25
154,075 00
123,482 50
144,750 00
73,375 00
19,450 00
56,170 00
29,700 00
104,750 00
Market Value.
$ 10,700 00
25,750 00
36,400 00
35,840 00
12,480 00
51,700 00
40,800 00
24,150 00
52,650 00
5,800 00
21,800 00
22,000 00
120,600 00
86,250 00
167,200 00
163,000 00
127,130 00
150,000 00
77,250 00
21,200 00
62,000 00
39,900 00
116,000 00
PENNSYLVANIA FIRE INSURANCE CO.
319
Indianapolis & Vincennes R.R. Co. bonds,
Chicago & Erie R.R. Co. bonds,
Baltimore & Potomac R.R. Co. bonds,
McKeesport & Belle Vernon R R. Co. bonds,
Newburg & N. Y. R.R. Co. bonds, .
Atlantic City R.R. Co. bonds, . . * .
Camden H.RR, Co. bonds,
Belief onte Central R.R. Co. bonds, .
Evansville & Terre Haute R.R. Co. bonds,
Terminal R.R. Association of St. Louis bonds
Pine Creek R'y Co. bonds,
Chicago & Northwestern R'y Co. bonds, .
Chic, Rock Island & Pacific R.R. Co. bonds,
Chic, Rock Island & Pacific R.R. Co. bonds,
Chicago, Mil. & St. Paul R'y Co. bonds,
Chicago, Hammond & Western R.R. Co. b'ds
Chesapeake & Ohio R.R. Co. bonds,
Kansas City Southern R'y Co. bonds,
Western Transit Co. bonds,
Cleve., Lorain & Wheeling R R. Co. bonds,
Choctaw & Memphis R.R. Co. bonds,
St. Louis, Iron Mt. & Southern R'y Co. bonds
Baltimore & Ohio R.R. Co. bonds, .
Baltimore & Ohio R.R. Co. bonds, .
Wisconsin Central R'y Co. bonds, .
Union Pacific R'y Co. bonds, .
Louis & Nash R.R. Co. & Mob. & M. R'y b'ds
N. Y., Phila & Norfolk R.R. Co. bonds,
Erie R.R. Co. bonds, ....
Southern Pacific R.R. Co. bonds,
Greenbrier R'y Co. bonds,
Central Pacific R'y Co. bonds, .
Lehigh Valley R.R. Co. bonds, .
Penn. Co. trust certificate,
Choc, Okla. & Gulf R.R. Co. bonds,
Atchison, Topeka & Santa Fe R'y Co. bonds,
Atchison, Topeka & Santa Fe R'y Co. bonds,
Chesapeake & Ohio R'y Co. bonds, .
Chesapeake & Ohio R'y Co. bonds (Series D)
Chesapeake & Ohio R'y Co. bonds, .
Central Pacific R'y Co. bonds, .
Louisville & Nashville R.R. Co. bonds, .
Chesapeake & Ohio R'y Co. bonds, .
Buffalo & Susquehanna R.R. Co. bonds, .
Chic, Indianap. & St. Louis bonds, .
St. Louis, Iron Mt. & South. R'y Co. bonds,
St. Louis, Memph. & Southeast. R.R. Co. b'ds
Southern R'y Co. notes (Series C), .
Oregon Short Line R R. Co. bonds, .
Pitts. & Charleroi Street R'y Co. bonds, .
New Orleans T. Co. bonds,
Terminal R.R. Asso. of St. Louis bonds, .
Iron Mountain car trust bonds,
Lower Merion Township bonds,
Lehigh Valley Coal Co. bonds,
Lehigh Coal & Navigation Co. bonds,
Chesapeake & Delaware Canal Co. bonds,
Philadelphia Co. bonds, ....
42 shares Reading Co., ....
102 " Reading Co., ....
Book Value.
$8,648 50
55,250 00
18,375 00
75,335 00
15,750 00
30,825 00
26,250 00
2,250 00
25,750 00
54,500 00
64,500 00
51,050 00
77,843 75
49,625 00
56,375 00
121,500 00
48,142 50
19,807 00
48,318 33
53,875 00
52,000 00
55,406 25
94,533 75
67,375 00
47,062 50
26,218 75
55,475 00
50,687 50
93,625 00
107,750 00
96,125 00
87,750 00
43,563 30
97,163 75
53,750 00
49,125 00
49,000
49,272
24,347
24,565
25,218 75
24,562 50
26,250 00
24,500 00
24,937 50
94,500
48,000
97,104
48,500
51,252
47,437
24,812 50
36,303 80
39,184 00
51,250 00
121,320 00
8,602 50
54,531 25
7,352 61
00
50
50
00
00
00
55
00
50
50
Market Value.
$7,420 00
60,500 00
17,100 00
72,000 00
15,750 00
33,600 00
26,000 00
2,125 00
26,750 00
55,000 00
63,500 00
50,600 00
79,500 00
50,000 00
55,500 00
128,000 00
49,560 00
18,720 00
45,000 00
57,500 00
55,500 00
58,000 00
96,000 00
69,750 00
46,500 00
26,500 CO
54,000 00
51,500 00
97,000 00
117,000 00
94,000 00
89,000 00
43,430 00
98,000 00
54,000 00
50,000 00
51,500 00
50,000 00
25,000 00
25,000 00
25,500 00
24,500 00
27,000 00
24,750 00
25,000 00
96,000 00
48,500 00
100,000 00
48,500 00
52,500 00
47,500 00
25,000 00
36,000 00
40,000 00
57,000 00
121,600 00
4,800
55,000
1,723
4,108
00
00
00
00
320
PHENIX INSURANCE CO.
440 shares Bellefonte Central R.R. Co.,
210 " Grand Rap. & Indiana R.R. Co.,
1,000 " Pennsylvania R.R. Co.,
14 " Philadelphia Bourse, .
200 " Philadelphia Nat'l Bank,
Book Value.
$20,150 00
18,501 00
62,734 37
700 00
19,165 12
Market Value.
$3,520 00
9,450 00
69,000 00
84 00
63,000 00
$4,487,237 23 $4,646,440 00
"PIIENIX INSURANCE COMPANY," BROOKLYN, N. Y.
[Incorporated Sept. 10, 1853. Commenced business Sept. 10, 1853.]
Paid-up Capital, $1,000,000.
GEORGE P. SHELDON, President. CHAS. F. KOSTER, Secretary.
Home Office, 16 Court Street.
Income.
Net fire premiums, $5,875,727 39
Interest on mortgage loans, $2,593.89 ; collaterals, $5,367.97 ;
stocks and bonds, $164,466.40; all other, $421.25,
Rents, including company's own occupancy, .
Profit on sale or maturity of ledger assets,
Total income,
Ledger assets, Dec. 31, 1903,
172,849 51
44,953 00
53,981 50
^6,147,511 40
7,335,186 09
Total,
Disbursements.
Net amount paid for fire losses,
Interest and dividends to stockholders, ....
Commissions or brokerage,
Salaries, fees, etc., of officers and employees, .
Rents, including company's own occupancy, .
Repairs and expenses on real estate, ....
Real estate taxes, $6,293 . 31 ; other taxes and fees, $124,942
Loss on sale or maturity of ledger assets,
All other disbursements,
Total disbursements,
Balance,
Ledger Assets.
Real estate, $409,439.21 ; mortgages, $48,100,
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B), .
Cash in banks and office,
Agents' balances,
Total ledger assets,
Non-Ledger Assets.
Interest accrued : —
On mortgages, $771.64; stocks and bonds, $12,616.65,
Rents accrued on company's property,
78,
$13,482,697
49
. $3,396,232
19
100,000 00
. 1,202,310
32
413,871
22
53,865
21
16,715
04
131,236
09
81,385
00
403,228
39
$5,798,843 46
$7,683,854 03
$457,539 21
72,700 00
5,643,944 42
713,865 90
795,804 50
$7,683,854 03
13,388 29
3,541 27
PHENIX INSURANCE CO.
321
Market value of real estate over book value, .
Market value of stocks and bonds over book value,
Gross assets, .
Assets not admitted.
Special deposits less $224,339.08 liability thereon, .
Total admitted assets,
Liabilities.
Unpaid losses, including $35,799 resisted, ....
Unearned premiums on outstanding risks, ....
Salaries and other miscellaneous expenses, due or accrued, .
Due for return premiums, 12,350.61 ; reinsurance, $5,965. 49,
All liabilities, except capital and surplus,
Surplus to policy holders, .... $2,626,722 41
Paid-up capital,
Surplus over capital and general liabilities, ....
Total liabilities,
$166,560 79
139,786 58
8,007,130 96
63,993 92
$7,943,137 04
$387,861 38
4,915,987 15
4,250 00
8,316 10
$5,316,414 63
1,000,000 00
1,626,722 41
$7,943,137 04
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
$766,163,272 00 $8,999,383 95
. 610,252,123 00 7,171,068 62
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
$1,376,415,395 00 $16,170,452 57
. 533,596,653 00 6,247,666 50
$842,818,742 00 $9,922,786 07
. 50,330,483 00 520,260 65
$792,488,259 00 $9,402,525 42
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned b} 7 directors, .
$146,404,908
70,110,915
3,392.380
4,474,000
100,000
00
00
00
00
00
176,300 00
Schedule A.
Securities held as Collateral.
109 shares Consolidated Gas Co.,
100 " Amalgamated Copper Co.,
312 " Electric Storage Battery Co., .
100 " Kings Co. Elec. Light & Power Co.,
12 " Municipal Gas Co. of Albany, N. Y.,
100 " New York Mutual Telegraph Co , .
45 " Consolidated Gas Co., Bait., Md., .
170 " Am. District Tel. Co., Brooklyn, .
Consolidated Gas Co. bonds, ....
Market Value. Loaned Thereon.
$21,255 00^
7,000 00
24,648 00
19,500 00
3,600 00 } $72,700 00
2,500 00
3,780 00
2,550 00
4,350 00 J
$89,183 00 $72,700 00
322 PHILADELPHIA MANUFACTURERS' MUTUAL FIRE INS. CO.
Schedule B.
Stocks and Bonds owned by the Company.
United States government bonds, .
State of Virginia Century bonds,
City of Richmond, Va., bonds, .
N. Y. City consolidated stock dock bonds,
City of Toronto bonds, ....
St. Paul, Minn. & Manitoba R'y Co. bonds,
Council Bluffs City Water Works Co. bonds,
Niagara Falls Power Co. bonds,
Denver Gas & Electric Co. bonds, .
Lincoln Gas & Electric Light Co. bonds,
Grove Mills Paper Co. bonds, .
Consolidated Gas Co. bonds,
500 shares Ch., St. P., Minn. & Om. R'y Co.
2,500 " Central R.R. Co. of N. J., .
4,000 " Chicago & Northwestern R'y Co.
4,000 « D., L. & W. R.R. Co., .
1,000 " Pitts., Cin., Chic. & St. Lo. R'y Co.
50 " Pitts., Cin,, Chic. & St. Lo. R'y Co.
1,500 ■« Delaware & Hudson Co., .
1,000 " N. Y. Cent. & Hud. R. R.R. Co., ,
1,000 " Louisville & Nashville R R. Co., ,
1,400 " Chatham Nat'l Bank, N. Y., .
300 " First National Bank, N. Y., .
400 " National City Bank, N. Y., .
317 " Nat'l Bank of Com., N. Y., .
300 " National Park Bank, N. Y., .
400 " Brooklyn Bank, Brooklyn, .
600 " National City Bank, Brooklyn, .
80 " Trust Co. of America, .
300 " Bond & Mortgage Guarantee Co.,
500 " Realty Associates,
81 " American Light & Traction Co., ,
267 " American Light & Traction Co., ,
1,000 " Central & South Am. Tel. Co., ,
2,000 " Consolidated Gas Co., N. Y.,
500 " N. Y. Mutual Gas Light Co.,
00
00
81
00
00
42
Book Value.
$306,563 22
60,037 50
20,895
416,000
23,699
57,500
99.000
54,048
161,000 00
175,100 00
21,173 33
37,500 00
100,062 50
485,736 07
919,807
538,322
81,125
5,000
280,087
144,175
140,050
126,690
195,000
115,042
67,955
89,890
32,151
114,302
28,000 00
32,000 00
50,000 00
5,750 00
24,250 00
116,674 46
384,672 50
134,781 00
50
60
00
00
50
00
00
93
00
25
25
63
13
82
Market Value.
$336,000 00
96,000 00
22,680 00
400,000 00
24,333 00
55,000 00
100,000 00
50,000 00
136,850 00
140,000 00
20,000 00
65,250 00
93,500 00
475,000 00
780,000 00
650,000 00
77,000 00
5,000 00
276,000 00
140,000 00
138,000 00
115,500 00
225,000 00
118,000 00
73,544 00
159,000 00
28,000 00
87,000 00
42,400
115,500
67,500
5,508
26.166
100,000
390,000
00
00
00
00
00
00
00
150,000 00
$5,643,944 42 $5,783,731 00
PHILADELPHIA MANUFACTURERS' MUTUAL FIRE INSURANCE
COMPANY," PHILADELPHIA, PA.
[Incorporated Aug. 23, 1880. Commenced business Nov. 1, 1SS0.]
EDWIN I. ATLEE, President. RICHARD H. MORRIS, Secretary.
Home Office, 911 Arcade Building.
Income.
Net premiums, .
Interest on stocks and bonds, $11,889.34; all other, $374.95,
From all other sources, .........
Total income,
Ledger assets, Dec. 31, 1903,
$276,081 33
12,264 29
1,344 81
$289,690 43
255,017 39
Total, $544,707 82
PHILADELPHIA MANUFACTURERS' MUTUAL FIRE INS. CO. 323
Disbursements.
Net amount paid for losses, $22,525 96
Profits on terminated policies, 204,782 91
Returned premiums, 15,082 69
Salaries, fees, etc., of officers and employees, .... 11,903 14
Rents, 1,900 00
Taxes and fees, 1,241 93
Inspections, 5,695 22
All other disbursements, 4,055 90
Total disbursements, $267,187 75
Balance, $277,520 07
Ledger Assets.
Stocks and bonds (Schedule A), $242,541 32
Cash in banks and office, 25,317 48
Premiums in course of collection, . . . . . 9,661 27
Total ledger assets, . . . ■ $277,520 07
Non-Ledger Assets.
Interest accrued on stocks and bonds, 1,835 12
Market value of stocks and bonds over book value, . . 29,546 68
Gross assets, $308,901 87
Liabilities.
Unpaid losses, $500 00
Unearned premiums on outstanding risks, .... 130,038 83
All liabilities, except surplus, $130,538 83
Surplus, 178,363 04
Total liabilities, $308,901 87
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1903, $26,205,884 00 $238,551 25 $1,192,756 25
Risks written during 1904, . 30,660,017 00 277,164 36 1,385,821 80
Total, $56,865,90100 $515,715 61 $2,578,578 05
Risks expired and terminated, . 28,620,750 00 255,637 95 1,278,189 75
In force at end of year, . .$28,245,15100 $260,077 66 $1,800,388 30
Miscellaneous.
Losses incurred during the year, $20,477 00
Profits or surplus returned during 1904, 74 per cent.
Schedule A.
Slocks and Bonds owned by the Company.
Book Value. Market Value.
Consolidated Traction Co. of N. J. bonds, . $4,350 00 $5,400 00
Cambria & Clearfield R.R. bonds, . . . 10,340 00 10,5"0 00
West Jersey & Seashore R.R. bonds, . . 10,000 00 11,000 00
324
TIKKNIX INSURANCE CO.
Sunbury, Hazelton & Wilkes Barre R.R
Pennsylvania R.R. bonds, .
Millville Mfg. Co. bonds,
Lehigh Coal & Navigation Co. bonds,
Lehigh Coal & Nav. Co. Funding & Imp,
Allegheny Valley R.R. bonds, .
Phila. & Baltimore Central R.R. bonds.
Northern Pacific R'y Co. bonds,
Cleveland & Marietta R.R. Co. bonds,
Lehigh Valley Coal Co. bonds,
Pennsylvania Steel Co. bonds, .
Toledo, St. Louis & Western R.R. bonds,
Greenbrier & New River R.R. bonds,
Pine Bluff & Western R.R. bonds, .
Detroit Citizens St. R'y Co. bonds, .
400 shares West Jersey & Seashore R.R.
90
25
204
100
150
100
Philadelphia National Bank,
Land Title & Trust Co., .
Pennsylvania R.R., .
Chartiers Railway, .
Erie & Pittsburgh R.R., .
Pennsylvania Steel Co., .
b'ds,
b'ds
Book Value.
$4,900 00
1,082 50
5,300 00
5,175 00
10,130 00
18,300 00
10,204 38
4,104 67
5,350 00
20,300 00
10,353 33
7,862 50
14,315 00
10,315 98
10,202 78
19,733 01
18,906 25
3,276
12,889
6,500
9,375
00
00
00
00
92
00
00
9,275 00
Market Value.
$5,225 00
1,120
5,250
4,800
10,300 00
17,475 00
10,000 00
3,080 00
5,400 00
22,800 00
10,200 00
8,400 00
14,290 00
10,600 00
10,000 00
26,000 00
27,720 00
7,000 00
14,178 00
10,000 00
11,550 00
9,800 00
$242,541 32 $272,088 00
"PHCENIX INSURANCE COMPANY," HARTFORD, CONN.
[Incorporated May, 1854. Commenced business June, 1854.]
Paid-up Capital, $2,000,000.
D. W. C. SKILTON, President. EDW. MILLJGAN, Secretary.
Home Office^ 64 Pearl Street.
Income.
Net fire premiums $3,964,907 78
Interest on mortgage loans, $5,575. 81 ; collaterals, $3,479.28 ;
stocks and bonds, $220,696.99, 229,752 08
Rents, 14,064 18
Profit on sale or maturity of ledger assets, .... 12,415 16
Total income,
Ledger assets, Dec. 31, 1903,
^,221,139 20
5,557,553 96
Total, $9,778,693 16
Disbursements.
Net amount paid for fire losses, $2,170,561 55
Interest and dividends to stockholders, 282,000 00
Commissions or brokerage, 805,760 85
Salaries, fees, etc., of officers and employees, .... 217,272 64
Rents 12,259 40
Repairs and expenses on real estate, . . . . ' . 7,013 97
Real estate taxes, $3,951 .07 ; other taxes and fees, $84,022. 14, 87,973 21
All other disbursements 337,899 07
Total disbursements, $3,920,740 69
Balance, $5,857,952 47
PHCENIX INSURANCE CO.
>25
Ledger Assets
Real estate, f 336,381. 79 ; mortgages, $98,519
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B),
Cash in banks and office, ....
Agents' balances,
Total ledger assets, ....
16,
8434,900 95
24,000 00
4,489,963 52
418,760 10
490,327 90
f5,857,952 47
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $2,525.23; stocks and bonds, $43,314.79
lateral loans, $600 ; other assets, $1,700,
Rents accrued on company's property,
Market value of stocks and bonds over book value,
Foreign premiums in course of collection,
Reinsurance due on losses paid, ....
col-
Gross assets,
48,140 02
1,116 79
1,242,216 98
86,017 97
170 88
17,235,615 11
Assets not admitted.
Agents' balances over three months due, . $1,625 48
Special deposits less $140,559.41 liab. thereon, 141,325 09
Depreciation in book value of real estate, . 19,446 15
Total unadmitted assets, .... 162,396 72
Total admitted assets, $7,073,218 39
Liabilities.
Unpaid losses, including $24,714 resisted, $417,889.61; less
reinsurance, $29,091.31, $388,798 30
Unearned premiums on outstanding risks, $3,047,233.46 ; plus
same on disallowed reinsurance, $14,720.23, . . . 3,061,953 69
Commissions and other charges due agents and brokers, . 21,642 07
All liabilities, except capital and surplus, . . . $3,472,394 06
Surplus to policy holders, .... $3,600,824 33
Paid-up capital, 2,000,000 00
Surplus over capital and general liabilities, .... 1,600,824 33
Total liabilities, $7,073,218 39
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
$540,089,792 00 $5,682,434 72
.491,798,118 00 4,871,589 89
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
$1,031,887,910 00 $10,554,024 61
.440,622,558 00 4,336,348 69
$591,265,352 00 $6,217,675 92
. 30,938,238 00 359,316 62
$560,327,114 00 $5,858,359 30
326
P1KKXIX INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (14.1 per cent.),
Company's stock owned by directors,
$90,343,355 00
53,972,774 00
2,163,561 00
9,085,000 00
282,000 00
64,200 00
Schedule A.
Securities held as Collateral.
240 shares Landers, Frary & Clark,
70 " Southern New England Tel. Co.,
203 " Atlantic Dock Co., .
Market Value.
$9,000 00
9,800 00
20,300 00
Loaned Thereon.
$9,000 00
15,000 00
Schedule B.
$39,100 00 $24,000 00
Stocks and Bonds owned by the Company.
Georgia State bonds,
New York Dock Co. bonds,
Ashland, Oregon, water bonds,
City of Portland, Ore., bonds, .
Brantford, Can., bonds,
Guelph, Can., bonds,
Victoria, British Columbia, bonds,
Town of St. Henry, P. Q,, bonds,
Province of New Brunswick bonds,
Chicago & No. Shore Street R'y Co. bonds,
Detroit R'y bonds,
City of Richmond, Va., bonds, .
City of Petersburg, Va., bonds,
Fostoria, O., water bonds,
Hannibal, Mo., school bonds, .
Second North School District, Hart., bonds,
Washington St. School District, Hart., bonds,
South School District, Hart., bonds,
Urbana, O., gas bonds,
North Western Telegraph Co. bonds,
Western Union Telegraph Co. bonds,
Atlantic & Danville R.R. bonds,
Chesapeake & Ohio bonds,
Chicago & Northwestern R'y bonds,
Chicago & Western Indiana bonds,
Chicago & Erie R.R. bonds,
Cincinnati, Dayton & Ironton bonds
Central R.R. of New Jersey bonds,
Elgin, Joliet & Eastern bonds, .
Erie R'y bonds, ....
Erie R'y, Penn., collateral bonds,
Easton & Amboy bonds, .
Iowa Central R'} T Co. bonds, .
Lehigh Valley Terminal bonds,
Louisville, Henderson & St. Louis bonds,
00
00
50
50
Book Value.
$11,535 00
39,480
53,125
16,897
27,737
27,076 00
21,900 00
78,375 00
5,048 35
26,446 58
40,310 00
30,000 00
26,125 00
25,000 00
2,000 00
40,000 00
21,200 00
107,000 00
26,440 00
31,275 00
52,312 50
47,000 00
59,000 00
40,825 00
230,517 50
59,980 00
64,437 50
20,526 25
57,375 00
53,000 00
23,593 75
33,671 50
58,212 50
29,075 50
28,031 25
Market Value.
$11,550 00
39,900 00
53,500 00
16,897 00
26,000 00
26,700 00
23,000 00
78,937 50
5,325
27,000
39,405
30,595
26,277
25,000
2,040
40,000
21,200
107,000
25,250
31,350 00
52,500 00
48,500
59,250
45,240
223,740
60,750
68,440
27,300
58,250 00
67,500 00
23,875 00
33,900 00
57,500 00
29,687 50
28,125 00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
PHCENIX INSURANCE CO.
327
Louisville & Nashville collateral trust bonds,
Minneapolis Union R'y Co. bonds, .
N. Y., Lackawanna & Western R.R. bonds,
Penn. & N. Y. Canal & R.R. bonds, .
St. Louis, Iron Mt. & Southern bonds,
St. Paul & Northern Pacific bonds, .
Southern R'y Co. bonds, ....
The Railroad Securities Co. bonds, .
Terre Haute & Peoria bonds, .
Terminal R R. Association of St. Louis bonds
Virginia Midland bonds, ....
Wabash-Pittsburg Terminal R'y Co. bonds,
300 shares iEtna National Bank, Hartford,
1,000 " Amer. National Bank, Hart.,
100 " Metropolitan Trust Co., N. Y.,
75 " Central Trust Co., N. Y., .
162 " Charter Oak Nat'l Bank, Hart.,
160 " City Bank, Hartford, .
100 " Connecticut River Bank, Hart.,
300 " Far. & Mech. Nat'l Bank, Hart.,
400 " Franklin Trust Co., N. Y., .
1,030 " Hartford National Bank, Hart.,
400 " Hartford Trust Co., Hart., .
67 " Home National Bank, Meriden,
204 " Imperial Bank, Toronto, Ont.,
108 " Mer. Exchange Nat'l Bank, N. Y.
800 " Mer. N'l B'k (in liquidate), Hart
340 " Nat'l Exchange Bank, Hartford,
125 " Nat'l Ger. Am. Bank, St. Paul,
200 " New Brit. Nat'l Bank, New Brit.
770 " Phosnix National Bank, Hartford
200 " State Bank, Hartford, .
50 " Security Co., Hartford,
440 " Waterbury Nat'l B'k, Waterbury
500 " Bald Eagle Valley R.R. Co.,
300 " Beech Creek R.R ,
300 " CI., C, Chic. & St. Lo. R.R. Co.,
300 " Chic, Milwaukee & St. Paul,
30 " Chic, Milwaukee & St. Paul,
500 " Cleveland & Pitts. R.R. Co.,
500 " Ft. Wayne & Jackson R.R. Co.,
200 " Georgia R.R & Banking Co.,
120 " Hartford & Conn. AVest. R.R. Co.
2,000 " Illinois Central R.R. Co., .
1,000 " Morris & Essex R.R. Co., .
2,500 " N. Y., N. H. & Har. R.R. Co.,
250 " N. Y. & Harlem R.R. Co., .
1,000 " , N. Y. Cent. & Hudson R. R.R. Co.
500 " Peoria & Bureau Val. R.R. Co.,
500 " Pitts., McKees. & Y. R.R. Co.,
2,000 " Pennsylvania R.R. Co.,
250 " Rensselaer & Saratoga R.R. Co.,
500 " Sharon R.R. of Penn., .
1,300 " Holyoke Water Power Co., .
500 " American Tel. & Cable Co., .
150 " Empire & Bay State Tel. Co.,
333 " Illinois & Miss. Tel. Co., .
2,500 " North West. Telegraph Co.,
297 " Pacific & Atlantic Telegraph Co.
Book Value.
$24,406 25
84,718 34
53,125 00
28,812 50
39,331 25
32,100 00
49,906 25
41,625 00
25,375 00
29,437 50
58,093 75
49,200 00
32,900 00
59,955 00
53,537 50
8,060 00
21,020 00
16,000 00
6,200 00
34,020 00
59,437 50
105,486 00
40,600 00
8,658 42
29,256 43
7,500 00
15,596 00
22,230 00
31,494 84
21,040 00
103,800 00
20,864 00
8,750 00
29,580 00
48,875 00
14,400 00
29,137 50
43,262 50
3,000 00
20,200 00
49,150 00
32,069 00
19,653 33
235,629 20
69,931 25
285,738 63
24,640 00
125,760 75
72,625 00
29,400 00
123,984 37
14,781 25
25,750
168,750
47,360
11,325
12,820 50
135,825 00
6,102 25
00
26
00
00
Market Value .
^24,500 00
94,500 00
66,500 00
28,500 00
40,950 00
31,250 00
50,000 00
45,125 00
22,500 00
29,750 00
57,000 00
50,050 00
60,000 00
72,500 00
62,500 00
161,250 00
20,250 00
14,400 00
5,500 00
36,000 00
140,000 00
142,140 00
80,000 00
8,710 00
46,308 00
9,180 00
800 00
22,100 00
17,500 00
32,000 00
92,400 00
28,000 00
7,250 00
36,300 00
51,250 00
16,050 00
35,250
55,200
5,160
46,000
75,000 00
51,600 00
6,000 00
314,000 00
95,000 00
495,000 00
50,625 00
142,000 00
103,500 00
34,250 00
138,750 00
53,000 00
36,250 00
416,000 00
47,500 00
12,300 00
14,319 00
160,000 00
6,102 00
00
00
00
00
328 PROVIDENCE MUTUAL FIRE INSURANCE CO.
200 shares Western Union Telegraph Co
105 " West End Street R'y Co.,
200 " Boston Elevated R'y Co.,
50 " Hartford Street R'y Co., .
420 " New York Dock Co.,
Book Value. Market Value.
$18,500 00 $18,600 00
1,303 44 9,817 50
23,428 58 31,100 00
7,175 00 11,000 00
19,740 00 24,360 00
$4,489,963 52 $5,732,180 50
"PROVIDENCE MUTUAL FIRE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated 1800. Commenced business 1800.]
EDWARD L. WATSON, President. BENJAMIN M. MacDOUGALL, Secretary.
Home Office, 49 Westminster Street.
Income.
Net premiums, $79,951.26; extra premiums, $573.15, . . $80,524 41
Interest on mortgage loans, $3,352 ; stocks and bonds, $ 18,-
146.05; allother, $1,712.88, 23,210 93
Profit on sale or maturity of ledger assets, .... 1,334 37
Total income, $105,069 71
Ledger assets, Dec. 31, 1903, 496,588 98
Total $601,658 69
Disbursements.
Net amount paid for losses, $35,309 78
Profits on terminated policies, 23,780 74
Commissions or brokerage, 9,325 74
Salaries, fees, etc., of officers and employees, .... 10,050 00
Rents 1,436 00
Taxes and fees, 2,587 97
All other disbursements, 2,414 96
Total disbursements, $84,905 19
Balance, $516,753 50
Ledger Assets.
Mortgages, $58,100 00
Stocks and bonds (Schedule A), 389,979 18
Cash in banks and office, 62,607 41
Agents' balances, 6,066 91
Total ledger assets $516,753 50
Non-Ledger Assets.
Interest accrued ■
On stocks and bonds, $2,978.75 ; other assets, $160.16, . . 3,138 91
Market value of stocks and bonds over book value, . . 52,520 82
Gross assets, $572,413 23
PROVIDENCE MUTUAL FIRE INSURANCE CO.
329
Assets not admitted.
Agents 1 balances over three months due,
Total admitted assets, ....
$184 71
$572,228 52
Liabilities.
Unpaid losses, $395 94
Unearned premiums on outstanding risks, .... 158,892 74
Dividends due policy holders, 3,058 67
Salaries and other miscellaneous expenses, due or accrued, . 1,380 08
All liabilities, except surplus, $163,727 43
Surplus 408,501 09
Total liabilities, $572,228 52
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1903, $28,869,301 00 $307,482 08
Risks written during 1904, . 7,819,896 00 86,673 23
Total $36,689,197 00 $394,155 31
Risks expired and terminated, . 7,172,479 00 78,691 68
In force at end of year, . . $29,516,718 00 $315,463 63
Amount reinsured, . . . 278,775 00 3,341 99
Conting't Prem's.
$307,482 08
86,673 23
$394,155 31
78,691 68
$315,463 63
3,341 99
Net amount in force, . . $29,237,943 00 $312,121 64 $312,121 64
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 20, 30, 40, 50 and 65
per cent.
Schedule A.
Stocks and Bonds oivned by the Company.
$33,727 00
State of Rhode Island bonds, .
City of Providence bonds,
The Metropolitan Water Co. bonds,
Southern R'y Co. bonds, ....
240 shares N. Y., N. H. & Hartford R.R.,
400 " Pennsylvania R.R., .
200 " Southern R.R
158 " Illinois Central R.R.,
115 " N. Y. Cent. & Hudson R. R.R.,
100 " Old Colony R.R., .
100 " Chic, Mil. & St. Paul R.R., .
100 " Fitchburg R.R.,
100 " Ft. Wayne & Jackson R.R., .
100 " Det , Hillsd. & So. West. R.R.,
100 " Chicago, Great Western R.R.,
100 " Rome, Watertown & Ogdens. R.R.,
100 " Upper Coos,
Book Value.
$11,225 00
14,067
5,970
4,918
32,223
25,420 00
13,700 00
16,453 90
12,266
19,500
11,675
10,475
14,118
10,900
9,300
13,825
14,900
35
00
00
13
30
00
00
00
00
00
00
00
00
00
00
00
00
00
Market Value.
$10,000 00
14,000 00
3,500 00
5,000
47,040
27,000
19,000
23,700
15,525 00
20,000 00
18,000 00
13,800 00
14,600 00
10,400
8,500
13,500
14,500
00
00
00
00
;;;;<>
PROVIDENCE WASHINGTON INSURANCE CO.
Book Value.
Market Value.
200 shares Mahoning Coal Co.,
$12,075 00
$10,500 00
200
(i
Del., Lack. Western R.R.,
17,262 50
30,000 00
200
u
Pitts., Bess. & L. Erie R.R., .
7,000 00
7,200 00
200
It
Morris & Essex R.R.,
19,675 00
18,500 00
200
tt
Cleveland & Pittsburg R.R., .
19,450 00
18,000 00
100
It
Oswego & Syracuse R.R.,
10,250 00
11,750 00
51
((
Providence & Worcester R.R.,
12,558 75
14,535 00
50
l(
Connecticut River R.R., .
12,500 00
14,000 00
50
11
Hereford R.R.,
5,000 00
4,600 00
50
u
Union Pacific R.R., .
5,256 25
5,500 00
50
l(
Union Pacific R R., .
4,725 00
4,750 00
40
tt
Boston & Providence R.R.,
10,400 00
12,000 00
50
tt
Chicago & Eastern 111. R.R., .
6,800 00
6,500 00
20
<t
National Bank of Commerce, .
1,090 00
1,100 00
50
tt
R. I. Investment Co.,
5,000 00
5,500 00
$389,979 18
$442,500 00
"PROVIDENCE WASHINGTON INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated 1799. Commenced business 1799.]
Paid-up Capital, $500,000.
J. B. BRANCH, President. W. H. PHILLIPS, Secretary.
Home Office, 20 Market Square.
Income.
Net fire premiums, $1,985,629.81 ; marine, $356,214.20, . $2,341,844 01
Interest on stocks and bonds, ....... 79,249 71
Profit on sale or maturity of ledger assets, .... 6,95277
Total income, $2,428,046 49
Ledger assets, Dec. 31, 1903, 1,850,251 86
Total, $4,278,298 35
Disbursements. .
Net amount paid for fire losses, $1,228,258.66; marine,
$240,216.35, $1,468,475 01
Interest and dividends to stockholders, 50,000 00
Commissions or brokerage, . 506,056 35
Salaries, fees, etc., of officers and employees, .... 113,344 18
Rents, 6,352 44
Taxes and fees, 50,442 61
All other disbursements, ' . 86,919 40
Total disbursements,
. $2,281,589 99
Balance, $1,996,708 36
Ledger Assets.
Stocks and bonds (Schedule A),
Cash in banks and office, .
Agents 1 balances,
Bills receivable,
. $1,549,450 00
174,905 53
245,181 03
27,171 80
Total ledger assets, .
$1,996,708 36
PROVIDENCE WASHINGTON INSURANCE CO.
331
Non-Ledger Assets.
Interest due and accrued on stocks and bonds,
Market value of stocks and bonds over book value,
Gross assets,*
$12,791 78
632,935 00
!,642,435 14
Assets not admitted.
Agents' balances over three ihonths due,
Bills receivable (past due),
Total unadmitted assets, .
Total admitted assets,
$1,065 43
770 84
1,836 27
. $ 2,640,598 87
Liabilities.
Unpaid losses, including $12,796.73 resisted, $493,839.38;
less reinsurance, $124,793.13,
Unearned premiums on outstanding risks, ....
$369,046 25
1,506,914 92
51,875,961 17
500,000 00
264,637 70
Total liabilities, $2,640,598 87
All liabilities, except capital and surplus,
Surplus to policy holders, .
Paid-up capital,
Surplus over capital and general liabilities, .
$764,637 70
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
Marine risks outstanding Dec. 31, 1903,
Marine risks written during 1904, .
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
$234,711,902 00
. 294,931,732 00
$529,643,634 00
. 239,893,358 00
$289,750,276 00
. 52,185,767 00
Premiums.
$2,637,371 65
.2,723,876 11
55,361,247 76
2,278,391 66
53,082,856 10
469,118 28
$237,564,509 00 $2,613,737 82
. $8,333,735 00
. 104,110,295 00
$112,444,030 00
. 105,465,584 00
. $6,978,446 00
931,179 00
$307,880 60
559,949 50
$867,830 10
601,242 98
$266,587 12
40,855 16
1,047,267 00 $225,731 96
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
$46,524,841 00
. 27,512,397 00
. 1,298,427 00
* Including $100,000 special reserve held under Rhode Island law
332
PROVIDENCE WASHINGTON INSURANCE CO.
Marine and inland losses incurred during the year, . . $279,530 00
Cash dividends declared from organization of company, . 2,505,563 00
Dividends declared during the year (10 per cent.), . . 50,000 00
Company's stock owned by directors, 38,100 00
Schedule A.
Stocks and Bonds owned by the Company.
United States government bonds,
Commonwealth of Massachusetts bonds, .
City of Pawtucket sewer bonds,
City of Pawtucket school bonds,
City of Ft Wayne refunding bonds,
City of Indianapolis park improvement b'ds,
City of Indianapolis refunding bonds,
Boston & Providence R.R. Co. bonds,
Boston & Maine R.R. Co. bonds,
Boston & Lowell R.R. Co. bonds,
Lake Shore & Mich. Southern deb. bonds,
Lehigh Valley R.R. Co. bonds, .
Northern Pacific & Gt. Northern bonds, .
Old Colony R.R. Co. bonds, .
American Tel. & Telegraph Co. bonds, .
Buffalo Traction Co. bonds,
Cleveland Electric R'y Co. bonds, .
Columbus & Ninth Ave. R.R. Co. bonds, .
Columbus Street R'y Co. bonds,
United Traction & Electric Co. bonds,
United Electric Light & Power Co. bonds,
West End Street Railway Co. bonds,
25 shares Central Trust Co., New York,
300 " Fourth National Bank, N. Y.,
375 " National Bank of Com., N. Y.,
300 " National Park Bank, N. Y., .
1,100 " Blackstone Canal N'l B'k, Prov,,
400 " Chicago & Northw. R'y Co.,
100 " Chicago & Northwestern R'y Co.
200 " CI., C , C. & St. Louis R.R. Co.,
200 " Illinois Central R.R. Co., .
200 " Manhattan R'y Co.,
300 " N. Y. Central & Hud. R. R.R. Co.
660 " N. Y., N. H. & Hart. R.R. Co.,
600 " Northern Securities Co.,
200 " Old Colony R.R. Co., .
1,734 " Pennsylvania R.R. Co.,
300 " Pitts., Ft. Wayne & Chic. R'y Co.
200 " Rome, Watert. & Ogd. R.R. Co.,
50 " Fall River Gas Works Co ,
300 " General Electric Co., .
650 " Providence Gas Co.,
375 " Providence Telephone Co.,
150 " Temple Iron Co., .
1,500 " What Cheer Corporation,
Book Value.
$40,000 00
88,000 00
25,000 00
40,000 00
25,000 00
25,000 00
20,000 00
100,000 00
25,000 00
10,000 00
25,000 00
25,000 00
50,000 00
25,000 00
25,000 00
20,000 00
10,000 00
10,000 00
10,000 00
50,000 00
20,000 00
30,000 00
2,500 00
30,000 00
37,500 00
30,000 00
27,500 00
40,000 00
10,000 00
20,000 00
20,000 00
20,000 00
30,000 00
66,000 00
60,000 00
20,000 00
86,700 00
30,000 00
20,000 00
5,000 00
30,000 00
32,500 00
18,750 00
15,000 00
200,000 00
00
00
00
00
00
Market Value.
$41,800 00
93,180 00
26,000 00
41,600 00
23,750 00
26,750 00
19,800 00
105,000 00
29,500 00
10,400 00
25,250
27,750
50,000
26,330
24,250
21,600 00
10,200 00
12,000 00
10,900 00
55,000 00
19,000 00
30,770 00
50,000 00
66,000 00
86,250 00
142,500 00
34,100 00
94,000 00
20,800 00
23,000 00
31,400 00
33,000 00
42,900 00
130,680 00
66,000 00
41,000 00
120,500
54,900
26,800
11,500
56,100 00
65,000 00
40,125 00
15,000 00
200,000 00
00
00
00
00
$1,549,450 00 $2,182,385 00
QUEEN INSURANCE CO. OF AMERICA. 333
"QUEEN INSURANCE COMPANY OF AMERICA,"
NEW YORK, N. Y.
[Incorporated Sept. 11, 1891. Commenced business Sept. 11, 1891.]
Paid-up Capital, $1,000,000.
EDWARD F. BEDDALL, President. NEVETT S. BARTOW, Secretary.
Home Office, 43 Cedar Street.
Income.
Net fire premiums, $3,344,964 16
Interest on mortgage loans, $2,890 ; stocks and bonds, $201,-
508.10; allother, |5,728.16, 210,126 26
Rents, 1,759 78
Profit on sale or maturity of ledger assets, .... 59,157 09
Total income, $3,616,007 29
Ledger assets, Dec. 31, 1903, plus increase of capital $500,000, 6,594,210 83
Total, $10,210,218 12
Disbursements.
Net amount paid for fire losses, $2,357,835 81
Interest and dividends to stockholders, 600,000 00
Commissions or brokerage, 591,595 62
Salaries, fees, etc., of officers and employees, .... 233,382 25
Rents 27,421 59
Repairs and expenses on real estate, 210 19
Taxes and fees, 76,722 57
Loss on sale or maturity of ledger assets, .... 14,572 49
All other disbursements, 170,242 50
Total disbursements, $4,071,983 02
Balance, $6,138,235 10
Ledger Assets.
Mortgages, $71,000 00
Stocks and bonds (Schedule A), 5,432,360 05
Cash in banks and office, 213,840 19
Agents' balances, 421,034 86
Total ledger assets, $6,138,235 10
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $1,368.28; stocks and bonds, $67,853.84;
other assets, $312.62, 69,534 74
Reinsurance due on losses paid, 145 57
Gross assets, . $6,207,915 41
334
QUEEN INSURANCE CO. OF AMERICA.
Assets not admitted.
Agents' balances over three months due,
Special deposits less $413,099. 71 liab. thereon.
Total unadmitted assets, -
Total admitted assets,
$1,884
94.861
90
67
896,746 57
$6,111,168 84
Liabilities.
Unpaid losses, including $33,425 resisted, $290,319.04: less
reinsurance, $19,095.60, $271,223 44
Unearned premiums on outstanding risks, $2,573,827.99 ; plus
same on disallowed reinsurance, $9,998.82, . . -2,583,826 81
Salaries and other miscellaneous expenses, due or accrued, . 66,458 09
Commissions and other charges due agents and brokers. . 9.702 15
Due for return premiums, $6,779.32 ; reinsurance, $28,237.56, 35,016 88
All liabilities, except capital and surplus, . . . 62,966,227 37
Surplus to policy holders, .... $3,144,941 47
Paid-up capital," 1,000,000 00
Surplus over capital and general liabilities, .... 2.144,941 47
Total liabilities,
. $6,111,168 84
Fire risks outstanding Dec. 81, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
6407,451,394 00 $4,857,420 81
. 339,819,683 00 4,376,081 51
Total,
Risks expired and terminated. .
In force at end of year,
Amount reinsured, .
Net amount in force, .
8747.271,077 00 $9,233,502 32
. 296,506,804 00 3,769,016 38
6450,764,273 00 $5,464,485 94
. 39,878,772 00 495,693 02
$410,885,501 00 $4,968,792 92
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year. ....
Cash dividends declared from organization of company,
Stock dividends declared from organization of company.
Dividends declared daring the year (60 per cent.),
Company's stock owned by directors, ....
831,760,817 00
16,070,030 00
2,391.181 00
900,000 00
500,000 00
600,000 00
7,000 00
Schedule A.
Stocks and Bo?ids owned by the Company.
New York State Canal Improvement Loan bonds,
State of Georgia bonds, .
New Zealand stock
Quebec inscribed stock, .
Manitoba debenture bonds.
New York City consolidated bonds,
Book Value and
Market Value.
|50,000 00
10.000 00
49,000 CO
24.500 00
29,400 00
2,000 00
QUEEN INSURANCE CO. OF AMERICA,
335
City of Brooklyn Gravesend Improvement bonds,
City of Brooklyn consolidated bonds,
City of Brooklyn Memorial Monument bonds,
Portland, Oregon, Water Loan bonds,
City of Richmond, Va., bonds, ....
City of Toronto Consolidated Loan debenture bonds,
Montreal, Can., debenture bonds,
Montreal, Can., sinking fund bonds,
Ottawa, Can., sewer bonds, ....
Halifax, N. S., stock,
Atchison, Topeka & Santa Fe R'y bonds,
Atlantic Coast Line R.R. bonds,
Baltimore & Ohio R'y Co. bonds,
Canadian Northern R'y bonds
Central Pacific R'y bonds, ....
Chicago, Burl. & Quincy R.R., 111. Div., bonds,
Chic, Rock Island & Pacific R.R. bonds, .
Chic. & Northwestern R.R. sinking fund bonds,
Chic, St. P., M. & O. R'y bonds,
Chesapeake & Ohio R'y bonds,
Cin , Ind., St. Louis & Chic. R'y bonds, .
Hocking Valley R'y bonds, ....
Illinois Central R.R. (St. Louis Div. and Term.) bonds,
Indiana, Illinois & Iowa R.R. bonds,
Long Island R.R. bonds, ....
Lake Shore & Michigan Southern R'y bonds,
Lake Shore & Michigan Southern R'y bonds,
Metropolitan St. R'y bonds,
N. Y. Central & Hudson River R.R. bonds,
New Jersey Junction R.R. bonds, .
New York & Northern R'y bonds, .
Norfolk & Southern R.R. bonds,
Norfolk & Western R'y bonds,
Northern Pacific R.R. prior lien and land grant bonds,
Ottumwa, Cedar Falls & St. Paul R'y bonds,
Oregon Short Line R.R. bonds,
Pennsylvania Co. bonds, .
Pennsylvania Co. bonds, .
Panama R R. bonds, ....
Sioux City & Pacific R.R. bonds,
St. Lo., Iron Mountain & So. R'y bonds,
Third Avenue R R. bonds,
Union Pacific R.R. bonds,
West Shore R.R. bonds, .
300 shares Atlanta & Charlotte Air Line R'v Co.,
364 " Allegheny & Western R'y Co., .
177 " Albany & Susquehanna R.R. Co.,
2,006 " Beech Creek R'y Co., .
10 " Boston & New York Air Line R.R. Co.
500 " Canadian Southern R'y Co., .
1,000 " Cleveland & Pittsburgh R.R. Co.,
669 " Fort Wayne & Jackson R.R. Co.,
1,000 " Illinois Central (Leased Line) R.R. Co
290 " Jackson, Lansing & Saginaw R.R. Co.,
1,400 " Morris & Essex R.R. Co., .
5 " Naugatuck R.R. Co., .
805 " New York & Harlem R.R. Co.
300 " North Carolina R.R. Co., .
836 " N. Y., Lackawanna & Western R'y Co.,
Book Value and
Market Value.
$75,000 00
445,000 00
5,000 00
50,000 00
50,000 00
48,428 06
34,066 66
70,000 00
27,900 00
66,000 00
12,000 00
49,227 08
47,997 70
48,666 66
25,000 00
47,000 00
50,000 00
45,000 00
130,550 00
45,000 00
50,000 00
25,000 00
23,593 75
24,961 30
25,000 00
47,000 00
49,551 04
15,000 00
49,772 92
30,000 00
10,000 00
10,000 00
28,857 95
90,158 24
6,000 00
24,250 00
50,000 00
24,362 50
16,000 00
48,062 50
50,000 00
10,000 00
50,000 00
50,000 00
51,000 00
54,536 00
43,645 04
110,071 95
1,090 00
31,887 86
96,000 00
97.938 00
104,750 00
27,295 00
100,150 10
1,319 86
145,238 30
51,6(0 00
99,163 86
336
THE RELIANCE INSURANCE CO. OF PHILADELPHIA.
600 shares Pitts., Ft. Wayne & Chic. R'y Co.,
820 " Pitts., Mckees. & Yough. Pv.R. Co.,
550 " Rensselaer & Saratoga R.R. Co., .
1,000 " Rome, Watertown & Og. R.R. Co.
380 " St. Louis Bridge Company, .
1,000 " Syracuse, Geneva & Corning R'y Co.,
543 " United N. J. R.R. & Canal Co., .
812 " Warren R.R. Co.
350 " Buffalo, Rochester & Pittsburgh R'y Co
260 " Chic, Mil. & St Paul R'y Co , .
350 " Chicago & Eastern Illinois R.R. Co.,
375 " Chicago & Northwestern R'y Co.,
284 " Chic. St. Paul, Minn. & Omaha R'y Co
400 " The Farmers' Loan & Trust Co., .
10 " Underwriters' Salvage Co. of N. Y.,
Book Value and
Market Value.
$101,313 30
41,000 00
99,887 50
113,085 00
53,109 00
99,750 00
125,945 55
79,237 09
48,778 86
48,629 78
48,878 77
78,995 13
51,157 74
71,600 00
1,000 00
$5,432,360 05
THE RELIANCE INSURANCE COMPANY OF PHILADELPHIA;'
PHILADELPHIA, PA.
L " Incorporated April 21, 1841. Commenced business Aug. 9, 1844.]
Paid-up Capital, $300,000.
WILLIAM CHUBB, President. CHAS. J. WISTEK, Jr., Secretary.
Home Office, 429 Walnut Street.
Income.
Net fire premiums,
Deposit premiums on perpetual risks,
Interest on mortgage loans, $6,680.75 ; stocks and bonds
070.41, ...
Rents, including company's own occupancy, .
Profit on sale or maturity of ledger assets,
From all other sources,
Total income,
Ledger assets, Dec. 31, 1903,
Total,
$31,
£600,104 68
4,828 04
37.751 16
7,171 42
1.013 59
797 30
$651,666 19
1,162,000 63
. $1,813,666 82
Disbursements.
Net amount paid for fire losses,
Deposit premiums returned, .
Interest and dividends to stockholders,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees, ....
Rents, including company's own occupanc}', ....
Repairs and expenses on real estate,
Real estate taxes, $1,654.50 ; other taxes and fees, $15,9/0.06,
All other disbursements,
Total disbursements,
Balance,
$440,697 62
12,403 90
18,000 00
155,790 83
34.701 84
2,000 00
2,258 81
17,624 56
40,764 44
. £724,242 00
. $1,089,424 82
THE RELIANCE INSURANCE CO. OF PHILADELPHIA.
337
Ledger Assets.
Real estate, $113,860.65 ; mortgages, $ 145,660,
Stocks and bonds (Schedule A),
Cash in banks and office,
Agents' balances,
Total ledger assets,
$259,520 65
667,409 50
64,537 92
97,956 75
$1,089,424 82
Non-Ledger Assets.
Interest due and accrued on mortgages, .
Rents accrued on company's property,
Market value of stocks and bonds over book value,
All other,
Gross assets,
1,549 82
564 93
38,330 50
1,190 00
$1,131,060 07
Assets not admitted.
Company's stock owned,
Depreciation in book value of real estate,
Total unadmitted assets, ....
Total admitted assets, ....
$1,620 00
2,360 65
3,980 65
,127,079 42
Liabilities.
Unpaid losses, including $3,770.98 resisted, $66,832.58 ; less
reinsurance, $8,026.62, f 58,805 96
Unearned premiums on outstanding risks, $491,423.45 ; plus
same on disallowed reinsurance, $1,777.39, . . . . 493,200 84
Reclaimable on perpetual fire policies, 129,220 92
Commissions and other charges due agents and brokers, . 10,941 66
All liabilities, except capital and surplus, . . $692,169 38
Surplus to policy holders, .... $434,910 04
Paid-up capital, 300,000 00
Surplus over capital and general liabilities, .... 134,910 04
Total liabilities, $1,127,079 42
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
. $80,755,223 00
. 62,358,621 00
$143,113,844 00
. 57,744,154 00
. $85,369,690 00
. 7,735,879 00
.$77,633,811 00
Perpetual risks in force (not included above), . $5,147,390 00
Premiums.
$964,681 39
785,427 82
1,750,109 21
711,740 05
1,038,369 16
99,175 25
$939,193 91
$141,931 06
338
THE RELIANCE INSURANCE CO. OF PHILADELPHIA.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, .
$7,395,979
4,550,653
435,802
1,010,597
18,000
44,500
00
00
00
00
00
00
Schedule A.
Stocks and Bonds owned by the Company.
City of Pittsburgh, Pa., bonds,
City of Wilmington, Del., bonds,
City of Wilmington, Del., bonds,
City of Chester, Pa , bonds,
South Bethlehem, Pa., bonds, .
Atlantic City, N J., bonds,
New Castle County, Del., bonds,
United Companv of N. J. bonds,
Lehigh Valley K.R. Co. bonds, .
Easton & Amboy R.R. Co. bonds,
North Pennsylvania R R. Co. bonds.
Louisville & Nashville R.R. Co. bonds, .
Philadelphia & Erie R.R. Co. bonds,
Phila. & Baltimore Central R.R. Co. bonds,
Pennsylvania R.R. Co. bonds, .
Steubenville & Indiana R.R. Co. bonds, .
Camden & Atlantic R.R. Co. bonds, .
Pennsylvania & New York Canal Co. bonds,
Allentown Terminal R.R. Co. bonds,
Philadelphia & Reading R.R. Co bonds,
Delaware River Ferry Co. bonds,. .
Philadelphia Traction Co. bonds,
People's Passenger R'y Co. bonds, .
Pennsylvania & New York Canal Co. bonds,
Second Ave. Traction Co., Pitts., Pa., bonds,
Hunt. & Broad Top Mt R.R. & Coal Co. b'ds
Omaha Water Co., Omaha, Neb., bonds, .
United Traction Co. of Pittsburg bonds, .
Philadelphia & Erie R.R. Co. bonds,
West Jersey & Seashore R R. Co. bonds,
Susquehanna Coal Co. bonds, .
100 shares Commercial Xat'l Bank, Phila.,
27 " Reliance Ins. Co., Philadelphia,
Western Pennsylvania R.R Co. bonds, .
Allegheny Valley R'y Co. bonds,
Erie & Pittsburgh R.R. Co. bonds, .
Allegheny Valley R'y Co. bonds,
Lehigh Vallev R.R. Co. bonds,.
Pitts., Cin., Chic. & St. Louis R'y Co. bonds,
34 shares Omaha Water Co.,
Pennsylvania R.R. Co. bonds, .
Electric & People's Traction bonds,
Western N. Y. & Penn. R.R. Co. bonds, .
West Chester (X Y ) Lighting Co. bonds,
N. Y., Phila. & Norfolk R.R. Co. bonds, .
Reading Co Jersey Central bonds, .
Book Value.
f 18,000 00
10,100 00
10,000 00
5,000 00
4,000
5,000
5,000
5,000
25,000
20,000 00
5,000 00
7,000
25,000
10,000
4,000
20,000 00
30,000 00
10,000 00
15,000 00
14,000
6,000
5,000
10,000
20,000 00
15,000 00
10,000
10,000
10,000
5,000
5,000
5,000
1,200
1,350
10,000 00
10,000 00
10,000 00
10,000 00
5,000 00
36,000 00
1,700 00
10,000 00
9,875 00
5,000 00
10,000 00
5,100 00
9,500 00
00
00
CO
00
00
CO
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
Market Value.
f 19,080 00
11,000
10,300
5,200
4,120
5,100
5,150
5,350
26,500
22,600
5,400
8,050
28.750
10,600
4,600
21,800
32.400 00
11,500 00
15,6C0 00
15,320 00
6,300 00
5,300 00
10,500 00
20,200 00
17,400 00
10,600 00
9,000 00
11,600
5,250
5,250
5,600
500
1,620
10,500
10,500 00
9,800 00
11,600
5,550
34.200
850
10,200
10,100
5,950
11,100
5,150
9,900
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
RHODE ISLAND MUTUAL FIRE INSURANCE CO.
339
Erie R.R. Co. bonds,
Read Co. & Phil. & Read. C'l & I'n Co. bonds,
Pennsylvania Co bonds, ....
Northern Pacific R'y Co. bonds,
Northern Pacific-Great Northern joint bond,
Atlantic Coast Line bonds,
Baltimore & Ohio bonds, ....
Central R.R Co. of New Jersey bonds, .
Erie Railroad Co. bonds, ....
Denver & Rio Grande R R. Co. bonds,
Chesapeake & Ohio R.R. Co, bonds,
Missouri & Pacific R.R. Co. bonds, .
Atchison, Topeka & Santa Fe R.R. Co. bonds,
N. Y. Central & Hudson River R.R. Co. bonds,
Book Value.
514,932 00
14,356 25
29,075 00
11,056 25
19,221 25
14,156
18,587
9,775
4,206
9,887
10,000
15,000 00
10,000 00
4,531 25
25
50
00
25
50
00
Market Value.
$15,300 00
15,450 00
29,400 00
11,400 00
20,200 00
15,150 00
19,200 00
10,000 00
4,650 00
10,200 00
10,800 00
16,200 00
10,300 00
4,550 00
$667,409 50 $705,740 00
"RHODE ISLAND MUTUAL FIRE INSURANCE COMPANY,' 1
PROVIDENCE, R. I. -
[Incorporated 1848. Commenced business 1848.]
JOHN R. FREEMAN, President. ROSCOE L. COLMAN, Secretary.
Home Office, 10 Weybpsset Street.
Income.
Net premiums, $617,981 80
Interest on stocks and bonds, $27,166.39 ; all other, $2,718.51, 29,884 90
Premiums paid in advance, 50 00
Total income, . $647,916 70
Ledger assets, Dec. 31, 1903, 650,737 59
Total $1,298,654 29
Disbursements.
Net amount paid for losses, $48,245 32
Profits on terminated policies, 507,728 03
Salaries, fees, etc., of officers and employees, .... 11,914 52
Rents 1,073 48
Taxes and fees, 11,209 83
Inspections, 8,633 79
All other disbursements, 2,620 31
Total disbursements, $591,425 28
Balance, $707,229 01
Ledger Assets.
Stocks and bonds (Schedule A),
Cash in banks, ....
Premiums in course of collection,
$640,856 41
54,941 83
11,430 77
Total ledger assets, $707,229 01
340
RHODE ISLAND MUTUAL FIRE INSURANCE CO.
Non-Ledger Assets.
Interest due and accrued : —
On bonds, $ 166. 67; other assets, $6,875.84, .
Market value of stocks and bonds over book value,
Gross assets,
$7,042 51
165,888 59
,160 11
Liabilities.
Unpaid losses,
Unearned premiums on outstanding risks,
State taxes accrued,
All liabilities, except surplus, .
Surplus,
$1,935 23
304,170 26
9,495 59
$315,601 08
564,559 03
Total liabilities,
,160 11
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1903, $67,275,841 00 $ 548,844 53 $2,744,222 65
Risks written during 1904, . 80,690,355 00 646,389 54 3,231,947 75
Total, .... $147,966,196 00 $1,195,234 07 $5,976,170 40
Risks expired and terminated, . 72,324,632 00 586,893 55 2,934,467 75
In force at end of year,
'5,641,564= 00 $608,340 52 $3,041,702 65
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1904, 90.92 per cent.
$46,359 00
Schedule A.
Stocks and Bonds owned by the Company.
United States bonds,
250 shares Providence & Worcester R R.,
300 " Illinois Central R.R., .
200 " Rome, Watertown & Og. R.R.,
1,900 " Pennsylvania R.R ,
500 " N. Y., N. H. & Hart. R.R., .
220 " Chic, Burl. & Quincy R.R., .
100 " N. Y., Lack. & Western R.R.,
150 " Pitts., Ft. Wayne & Chicago R.R.
200 " Chic, Mil. & St Paul R.R., .
100 " CI., Cin., Chic. & St Louis R.R.,
115 " N. Y. Cent. & Hudson R. R.R.,
100 " Nat'l Bank of Commerce, Prov ,
50 " Nat'l Bank of No. America, Prov.
140 " American National Bank, Prov.,
200 " Merchants' National Bank, Prov.
300 " Northern Securities Co.,
100 " Manhattan R'y Co.,
Book Value.
$25,000 00
56,000 00
32,525
20,650
118,412
86,665
16,000
12,2C0
25,359
36,425
10,162
14,962 50
5,000 00
100 00
5,400 00
10,000 00
24.971 88
14,100 00
28
00
43
00
00
00
00
00
50
Market Value.
$32,750 00
72,000 00
46,950
27,600
131,100
99,250
49,720
13,700
27,750
36,900 00
11,400 00
16,330
5,500
4,250
8,820
16,700
39,675
00
00
00
00
00
00
00
00
00
00
00
00
00
16,500 00
ROCHESTER GERMAN INSURANCE CO.
341
100 shares Delaware & Hudson Co.,
100 " Baltimore & Ohio R.R., .
400 " Chicago & Northwestern R.R.,
400 " Union Pacific R.R , .
Book Value.
$16,162 50
9,212 50
65,971 25
35,576 57
Market Value.
$18,500 00
9,550 00
82,800 00
39,000 00
$640,856 41 1806,745 00
"ROCHESTER GERMAN INSURANCE COMPANY OF ROCHESTER,
NEW YORK," ROCHESTER, N. Y.
[Incorporated Feb. 16, 1872. Commenced business Feb. 23, 1872.]
Paid-up Capital, $200,000.
FREDERICK COOK, President. H. F. ATWOOD, Secretary.
Home Office, Corner Irving Place and Main Street, West.
Income.
Net fire premiums, f 1,107,457 51
Interest on mortgage loans, f 18,992. 13; stocks and bonds,
$27,257.83; all other, $ 3,965. 76 • 50,215 72
Rents 9,916 82
Profit on sale or maturity of ledger assets, .... 18,112 39
From all other sources, 20,000 00
Total income, $1,205,702 44
Ledger assets, Dec. 31, 1903 1,562,879 64
Total, .
. 12,768,582 08
DISBURSEMENTS.
Net amount paid for fire losses, f847,218 07
Interest and dividends to stockholders, 20,000 00
Commissions or brokerage, 287,746 82
Salaries, fees, etc., of officers and employees, .... 35,074 33
Repairs and expenses on real estate, 7,599 46
Real estate taxes, $4,172.62; other taxes and fees, $24,874.18, 29,046 80
Loss on sale or maturity of ledger assets, .... 2,297 76
All other disbursements, 74,838 99
Total disbursements, $1,303,822 23
Balance, $ 1,464,759 85
Ledger Assets.
Real estate, $376,547.26 ; mortgages, $341,003.35, .
Stocks and bonds (Schedule A),
Cash in banks and office,
Agents 1 balances,
Total ledger assets,
$717,550 61
405,404 05
198,565 15
143,240 04
$1,464,759 85
Non-Ledgek Assets.
Interest due and accrued : —
On mortgages, $6,829.09 ; stocks and bonds, $4,774.99,
Market value of stocks and bonds over book value,
11,604 08
39,385 95
Gross assets,
,515,749 88
342
ROCHESTER GERMAN INSURANCE CO.
Liabilities.
Unpaid losses, including $11,410.88 resisted, $99,004.81 ; less
reinsurance, $19,271.35,
Unearned premiums on outstanding risks, $842,190.40; plus
same on disallowed reinsurance, $11,116.61,
Commissions and other charges due agents and brokers,
All liabilities, except capital and surplus,
Surplus to policy holders, .
Paid-up capital,
Surplus over capital and general liabilities,
Total liabilities,
$580,466 15
$79,733 46
853,307 01
2,243 26
$935,283 73
200,000 00
380,466 15
$1,515,749 88
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903
Fire risks written during 1904,
Total
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, .
Net amount in force, .
$133,890,251 00
. 123,563,963 00
$257,454,214 00
. 107,296,866 00
$150,157,348 00
. 19,598,116 00
Premiums.
$1,664,577 73
1,654,267 65
$3,318,845 38
1,431,046 95
$1,887,798 43
280,101 93
$130,559,232 00 $1,607,696 50
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Stock dividends declared from organization of company,
Dividends declared during the year (10 per cent ),
Company's stock owned by directors, ....
$12,906,734 00
7,226,882 00
850,163 00
589,000 00
25,000 00
20,000 00
34,100 00
Schedule A.
Stocks and Bonds owned by the Company.
Book Value.
Rochester R'y & Light Co. bonds, . . . $41,769 44
Rochester Gas & Electric Co. bonds, . . 42,325 00
Rochester Telephone Co. bonds, . . . 24,802 36
Toledo, St. Louis & Western R R. bonds, . 41,000 00
Santa Fe, Prescott & Phoenix R.R. bonds, . 26,427 09
St Louis, Iron Mt. & Southern R.R. bonds, . 21,375 00
Southern R'y bonds, 21,225 00
Nashville, Chatta. & St. Louis R.R. bonds, . 10,275 00
Georgia State bonds 12,000 00
Virginia State bonds 9,750 00
200 shares German-Amer. B'k of Rochester, . 35,000 00
100 " ^Etna Indem. Co. of Hart., Conn., . 10,000 00
250 " StrombV-Carlson Telep. Mfg. Co., 25,505 50
85 " Stromb'g-Carlson Telep. Mfg. Co., 8,516 66
500 " Eastman Kodak Co., . . . 51,433 00
400 " Pennsylvania R.R. Co., . . . 24,000 00
Market Value.
$47,500 00
41,200 00
25,270 00
41,500 00
27,500 00
24,000 00
24,200 00
lf,600 00
11,400 00
9,800 00
52,000 00
10,000 00
27,500 00
11,220 00
52,500 00
27,600 00
$405,404 05 $444,790 00
SECURITY INSURANCE CO. OF NEW HAVEN.
343
"SECURITY INSURANCE COMPANY OF NEW HAVEN,"
NEW HAVEN, CONN.
[Incorporated April, 1841. Commenced business April, 1841.]
Paid-up Capital, $400,000.
CHAS. S. LEETE, President. H. C. FULLER, Secretary.
Home Office, 37 Center Street.
Income.
Net fire premiums, |890,905.14; marine, $21,724.94, . . $912,630 08
Interest on mortgage loans, $7,788.62 ; collaterals, $4,160.41 ;
stocks and bonds, $42,818.02; all other, $246.70, . . 55,013 75
Rents, including company's own occupancy, .... 3,655 00
Profit on sale or maturity of ledger assets, .... 12,360 38
Total income, $983,659 21
Ledger assets, Dec. 31, 1903, 1,380,947 17
Total, $2,364,606 38
Disbursements.
Net amount paid for fire losses, $417,155.59 ; marine, $14,-
302.41 $431,458 00
Interest and dividends to stockholders, 32,000 00
Commissions or brokerage, 213,089 11
Salaries, fees, etc., of officers and employees, .... 123,888 59
Rents, including company's own occupancy, .... 2,000 00
Repairs and expenses on real estate, 1,144 90
Real estate taxes, $1,189.38; other taxes and fees, $25,703.82, 26,893 20
Loss on sale or maturity of ledger assets, .... 6,937 72
Profit and loss, 183 64
Total disbursements, $837,595 16
Balance $1,527,011 22
Ledger Assets.
Real estate, $70,920.31; mortgages, $148,138.78, . . . $219,059 09
Loans secured by collateral (Schedule A), . . . 34,000 00
Stocks and bonds (Schedule B), 1,064,981 26
Cash in banks and office, 68,651 43
Agents' balances, 121,715 53
Bills receivable, 17,967 32
All other ledger assets, 636 59
Total ledger assets, $1,527,011 22
Non-Ledger Assets.
Interest accrued : —
On mortgages, $1,341.76 ; stocks and bonds, $5,940.62 ; col-
lateral loans, $156.73, 7,439 11
Market value of stocks and bonds over book value, . . 82,676 74
Gross assets,
$1,617,127 07
344
SECURITY INSURANCE CO. OF NEW HAVEN.
Assets not admitted.
Agents 1 balances over three months due,
Bills receivable, past due,
Depreciation in book value of real estate,
Total unadmitted assets, .
Total admitted assets,
$4,059 57
2,927 32
12,720 31
$19,707 20
$1,597,419 87
Liabilities.
Unpaid losses, including $3,750 resisted, $118,377.63; less
reinsurance, $20,905.21 . . $97,472 42
Unearned premiums on outstanding risks, $816,625.88; plus
same on disallowed reinsurance, $203.67, .... 816,829 55
Due for reinsurance premiums, 1,046 03
All liabilities, except capital and surplus, . . . $915,348 00
Surplus to policy holders $682,071 87
Paid-up capital 400,000 00
Surplus over capital and general liabilities, .... 282,071 87
Total liabilities, $1,597,419 87
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, ....
Net amount in force, .
Marine risks outstanding Dec. 31, 1903,
Marine risks written during 1904, .
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
$140,506,410 00
. 100,895,456 00
$241,401,866 00
. 87,791,723 00
$153,610,143 00
. 16,104,286 00
Premiums.
$1,569,478 68
1,228,928 78
$2,798,407 46
1,084,391 83
$1,714,015 63
199,686 26
$137,505,857 00 $1,514,329 37
$342,964 00
2,819,323 00
^3,162,287 00
2,895,676 00
$266,611 00
57,546 00
,537 72
26,565 56
$43,103 28
27,629 13
$15,474 15
2,291 08
$209,065 00 $13,183 07
Miscellaneous.
Premiums received from organization of compan} T ,
Losses paid from organization of company, .
Fire losses incurred during the year,
Marine losses incurred during the year, .
Cash dividends declared from organization of company
Stock dividends declared from organization of company
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors,
$14,889,516 00
9,362,665 00
426,368 00
16,029 00
612,281 00
50,000 00
32,000 00
104,080 00
SECURITY INSURANCE CO. OF NEW HAVEN.
345
Schedule A.
Securities held as Collateral.
International Silver Co. bonds,
600 shares Illinois Central R.R.,
Market Value.
$5,000 00
91,800 00
Loaned Thereon.
$4,000 00
30,000 00
Schedule B.
$96,800 00 $34,000 00
Slocks and Bonds owned by the Company.
New York City bonds, ....
New Haven, Conn., bonds,
Meriden, Conn., bonds, ....
Louisville & Nashville R.R. collat. trust bonds
Atchison, Topeka & Santa Fe R.R. bonds,
Long Island R.R. bonds, ....
Central Pacific R.R. bonds,
St. Louis, Iron Mt. & Southern R 1 y Co. bonds
Minneapolis & St. Louis R R. bonds,
N. Y., New Haven & Hartford R.R. bonds,
Southern R'y Co. bonds, ....
Canada Southern R.R. bonds, .
Cleve., Cin., Chic. & St. Louis R.R. bonds,
Southern Pacific R.R. bonds, .
Peoria & Eastern R.R. bonds, .
Erie R R. bonds,
Missouri Pacific R.R. bonds,
Northern Pacific R.R. bonds, .
Connecticut R'y & Lighting Co. bonds, .
Dan bury & Bethel (Conn.) Horse R'y Co. b'ds
Meriden (Conn.) Horse R.R. Co bonds, .
Bing., Lester. & Union (N Y.) St R'y bonds
United Railways Co. of St. Louis bonds, .
Bridgeport (Conn.) Traction Co. bonds, .
Third Avenue (N. Y.) R.R. bonds, .
United Traction Co of Albany bonds,
New Haven Street R'y Co. bonds, .
Milford, Holliston & Fram St. R'y bonds,
Lynn (Mass ) Belt Line St. R'y Co. bonds,
American Tel. & Telegraph Co. bonds, .
Michigan State Telephone Co. bonds,
Southern New England Telephone Co. bonds
Consolidated Gas Co (N\ Y.) bonds,
N. Y. Gas, Elec Lt , Ht. & Power Co. bonds,
Laclede Gas Light Co. (St. Louis) bonds,
Newark (N\ J.) Consolidated Gas Co. bonds,
People's Gas Light & Coke Co (Chic.) bonds
Cleveland P^lectric Illuminating Co. bonds,
N. Y. & Queens Elec. Lt. & Power Co. bonds
United Illuminating Co. bonds,
Macon (Ga ) Gas Light & Water Co. bonds,
Columbus & Hocking Coal & Iron Co. bonds,
International Silver Co. bonds,
Swift & Co bonds,
210 shares New Haven Nat'l B'k (N. Haven),
400 " Merchants' Nat'l B'k (tf. Haven),
200 « Yale Nat'l Bank (New Haven),
00
00
50
50
Book Value.
$29,512 50
24,135
15,173
29,262
22,487
20,100 00
17,520 00
18,887 50
22,063 75
4,130 00
9,275 00
21,038 75
10,193 75
9,437 50
10,075 00
9,950 00
22,150 00
7,225 00
19,450 00
15,562 50
12,310 00
10,150 00
9,250 00
10,375 00
9,875 00
10,400 00
5,225 00
5,562
3,665
19,8-87
9,697
6,185
53,031
19,219
15,450
10,450
10.600 00
10,900 00
10,150 00
9,692 50
16.601 87
10,000 00
10,262 50
10,300 00
32,936 30
21,342 25
24,285 50
50
63
50
50
00
25
99
00
00
Market Value.
$29,200 00
24,000 00
15,000 00
28,800 00
23,250 00
20,000 00
17,400 00
18,800 00
21,680 00
9,500 00
11,800 00
20,900 00
10,000 00
9,400 00
9,800 00
10,000 00
22,700 00
7,400 00
19,400 00
15,000 00
13,200 00
10,000 00
8,500 00
10,500 00
9,600 00
10,300 00
5,250 00
5,000 00
3,500 00
19,200 00
9,500 00
7,080 00
52,800 00
18,800 00
15,300 00
10,000 00
10,500 00
10,800 00
10,500 00
9,700 00
16,000 00
8,800 00
10,000 00
10,000 00
40,740 00
25,200 00
26,000 00
340 SECURITY FIRE INSURANCE CO. OF BALTIMORE CITY.
1,883 shares N. Haven Co. N'l B'k (N. Haven),
160 " Tradesmen's N'l B'k (N. Haven),
133 " First Nat'l Bank (New Haven), .
117 " Second Nat'l Bank (New Haven),
100 " Am Ex. Nat'l Bank (N. Y.),
514 " Southern New Eng. Tel. Co ,
400 " American Telephone & Tel. Co.,
200 " Northern R.R. of N. J.,
200 " Norfolk & Western R.R , .
400 " Pennsylvania R.R. Co.,
200 " Illinois Central R.R., .
120 " Delaware & Hudson Canal Co.,
100 " Cleve., Cin., C. & St. Lo. R'y Co
100 " Twin City Rapid Transit Co.,
100 " Mobile & Ohio R.R., .
40 " Ousatonic Water Power Co.,
Book Value.
$24,889 85
24,265 25
18,088 00
22,546 00
11,545 77
56,143 50
56,843 75
19,300 00
15,875 00
24,493 75
20,974 60
14,568 75
9,437 50
15,800 00
9,175 00
5,600 00
Market Value.
$30,128 00
27,200 00
23,940 00
22,698 00
27,000 00
70,932 00
57,600 00
19,000 00
18,400 00
27,000 00
30,600 00
21,840 00
11,000 00
15,000 00
9,000 00
5,520 00
$1,064,981 26 $1,147,658 00
" SECURITY FIRE INSURANCE COMPANY OF BALTIMORE CITY,"
BALTIMORE, MD.
[Incorporated January, 1900. Commenced business February, 1900.]
Paid-up Capital, $200,000.
CHARLES ADLER, President. A. PAGE BOYCE, Secretary.
Home Office, 2 East Saratoga Street.
Income.
Net fire premiums, .
Interest on bonds,
Profit on sale or maturity of ledger
Increase of capital, .
Increase of surplus, .
Total income,
Ledger assets, Dec. 31, 1903, .
Total,
assets,
$315,477 65
7,740 66
7,383 10
120,000 00
47,850 00
$498,451 41
314,969 03
$813,420 44
Disbursements.
Net amount paid for fire losses,
Interest and dividends to stockholders,
Commissions or brokerage,
Taxes and fees,
All other disbursements, .
Total disbursements,
Balance,
$256,209 56
4,000 00
116,880 89
7,355 42
6,381 69
$390,827 56
$422,592 88
SECURITY FIRE INSURANCE CO. OF BALTIMORE CITY. 347
Ledger Assets.
Bonds (Schedule A),
Cash in banks and office, .
Agents' balances,
Non-Ledger Assets.
Total ledger assets,
Interest due on bonds,
Gross assets,
Liabilities.
Unpaid losses,
Unearned premiums on outstanding risks,
All liabilities, except capital and surplus,
Surplus to policy holders, .
Paid-up capital,
Surplus over capital and general liabilities, .
$235,738 37
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, ....
Net amount in force, .
$8,370,185 00
30,078,194 00
,448,379 00
. 12,840,908 00
.$25,607,471 00
91,900 00
$236,160 00
93,092 23
93,340 65
$422,592 88
4,500 00
$427,092 88
$17,200 61
174,153 90
$191,354 51
200,000 00
35,738 37
$427,092 88
Premiums.
$86,308 32
475,762 74
$562,071 06
217,819 14
$344,251 92
1,346 17
. $25,515,571 00 $342,905 75
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of compan}% .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (2 per cent ), .
Company's stock owned by directors, .
Schedule A.
Bonds owned by the Company.
Baltimore city bonds
Carolina Central R.R. bonds
Atlantic Coast Line R.R. bonds,
$455,814 00
285,102 00
270,353 00
4,000 00
4,000 00
123,270 00
Hook and
Market Value.
$229,300 00
4,900 00
1.960 00
$236,160 00
348 SPRING GARDEN INSURANCE CO.
"SPRING GARDEN INSURANCE COMPANY,"
PHILADELPHIA, PA.
[Incorporated April 15, 1835. Commenced business Aug. 29, 1835.]
Paid-up Capital, $400,000.
CLARENCE E. PORTER, President. EDWARD L. GOFF, Secretary.
Eome Office, 431 Walnut Street.
Income.
Net fire premiums,
Deposit premiums on perpetual risks, ....
Interest on mortgage loans, $12,061.94; stocks and bonds
$45,913.59; all other, $1,406.23,
Rents, including company's own occupancy, .
Profit on sale or maturity of ledger assets,
From all other sources,
Total income,
Ledger assets, Dec. 81, 1903,
$920,513 06
7,544 69
49,381 76
11,255 84
46,593 65
2,143 76
$1,037,432 76
1,550,981 47
Total $2,588,414 23
Disbursements.
Net amount paid for fire losses, $538,902 60
Deposit premiums returned, 19,019 32
Interest and dividends to stockholders, 12,000 00
Commissions or brokerage, . 207,745 12
Salaries, fees, etc., of officers and employees, .... 38,454 97
Rents, including company's own occupancy, .... 4,000 00
Repairs and expenses on real estate, 4,980 84
Real estate taxes, $2,249.78 ; other taxes and fees, $21,535.91, 23,785 69
Loss on sale or maturity of ledger assets, .... 35,620 39
All other disbursements, 66,638 70
Total disbursements, $951,147 63
Balance, $1,637,266 60
Ledger Assets.
Real estate, $198,028.14; mortgages, $38,915, . . . $236,943 14
Stocks and bonds (Schedule A) 1,217,958 84
Cash in banks and office, 30,885 47
Agents' balances, 151,479 15
Total ledger assets, $1,637,266 60
Non-Ledger Assets.
Interest accrued : —
On mortgages, $652.11 ; stocks and bonds, $950, . . . 1,602 11
Market value of stocks and bonds over book value, . . 55,656 16
Reinsurance due on losses paid, 1,158 96
Gross assets, $1,695,683 83
SPRING GARDEN INSURANCE CO.
349
Assets not admitted.
Depreciation in book value of real estate,
Total admitted assets,
$45,528 14
$1,650,155 69
Liabilities.
Unpaid losses, including $8,080 resisted, $106,183.11; less
reinsurance, 822,955.55, $83,227 56
Unearned premiums on outstanding risks, $675,661.92; plus
same on disallowed reinsurance, $20,876.99, . . . 696,538 91
Reclaimable on perpetual fire policies, 351,085 01
All liabilities, except capital and surplus, . . . $1,130,851 48
Surplus to policy holders, .... $519,304 21
Paid-up capital, 400,000 00
Surplus over capital and general liabilities, .... 119,304 21
Total liabilities, $1,650,155 69
Risks and Pkemiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, ....
Net amount in force, .
$120,016,233 00
. 114,269,569 00
$234,285,802 00
. 97,366,445 00
$136,919,357 00
. 19,773,122 00
Premiums.
$1,331,268 68
1,449,583 94
$2,780,852 62
1,192,835 93
$1,588,016 69
263,383 28
$117,146,235 00 $1,324,633 41
Perpetual risks in force (not included above), $16,634,245 00 $384,514 90
Miscellaneous.
Losses paid from organization of company, .
Fire losses incurred during the year
Cash dividends declared from organization of company,
Stock dividends declared from organization of company,
Dividends declared during the year (3 per cent.), .
Company's stock owned by directors, . . .
56,582,688 00
562,449 00
2,049,215
2C0,000
12,000
18,650
00
00
00
00
Schedule A.
Stocks and Bonds owned by the Company.
City of New York bonds
City of Philadelphia bonds,
Chesapeake & Ohio R.R. Co. bonds,
Chicago, Rock Island & Pacific R'y Co. bonds
Choctaw, Okla. & Gulf R R. Co. bonds, .
Choctaw, Okla. & Gulf R.R. Co. bonds, .
Citizens' St. R'y Co of Indianapolis, Ind., b'ds
Consolidated Gas Co. of N. Y. bonds,
Consolidated Traction Co. of N. J. bonds,
Book Value.
$76,875 00
102,250 00
25,910 00
46,750 00
21,104 50
21,500 00
26,883 00
12,500 00
21,450 00
Market Value.
$77,625 00
104,250
27,125
48,500
21,900
21,700
27,000 00
22,437 50
21,700 00
00
00
00
00
00
350
THE STAR FIRE INSURANCE CO.
Edison Electric trust certs.,
Erie R.R. trust certs , ....
Grand Rapids & Indiana R R. Co. bonds,
International Naviga. Co. of N. J. bonds,
Lehigh Valley R.R. Co bonds,
Lehigh Valley R.R. Co. trust certs.,
Lehigh Valley Coal Co. bonds,
Maryland Steel Co. bonds,
Mortgage Trust Co. of Pennsylvania bonds,
N. Y., Phila. & Norfolk R.R. bonds,
N. Y., Phila. & Norfolk R.R. bonds,
Norfolk & Western R'y Co. bonds, .
Ohio & Little Kanawha R.R. bonds,
Philadelphia Co., Pa., bonds, .
Rochester R'y Co. bonds, ....
St. Lo Merch. Bridge Term R'y bonds, .
St. Louis & San Francisco R.R. Co. bonds,
Texas & Pacific R'y Co. bonds,
U. S. Steel Corp. sinking fund bonds,
Western Maryland R.R. Co. bonds, .
Wilmington & Northern R R. bonds,
200 shares Atch , Topeka & Santa Fe R'y Co.
600 " Consolidated Gas Co., N. Y., .
100 " Delaware & Hudson Co.,
200 " Erie R.R. Co., ....
100 " Fourth St. Nat'i Bank of Phila.,
100 " Illinois Central R.R. Co.,
200 " Manhattan R'y Co., N. Y.,
400 ' " Peoples' Gas Lt & Coke Co., Chic,
5 " Underwriters' Sal. Co., N. Y.,'
Book Value.
$22,297 37
25,000 00
27,098 00
50,212 50
24,468 75
25,000 00
24,438 25
9,018 00
25,000 00
15,669 75
24,075 00
48,250 00
875 00
26,645 50
86,071 00
10,287 50
65,663 00
17,616 72
13,390 00
22,525 00
26,500 00
20,750 00
116,200 00
18,312 50
15,062 50
18,085 00
15,012 50
25,962 50
42,750 00
500 00
Market Value.
$27,750 00
25,500 00
28,000 00
44,625 00
24,687 50
25,500 00
28,500 00
9,450 00
23,500 00
15,525 00
28,050 00
49,250 00
1,000 00
27,500 00
90,250 00
11,400 00
67,875 00
17,340 00
13,875 00
22,500 00
26,750 00
20,200 00
118,650 00
18,450 00
15,000 00
28,500 00
15,650 00
32,900 00
42,700 00
500 00
$1,217,958 84 $1,273,615 00
"THE STAR FIRE INSURANCE COMPANY," LOUISVILLE, KY.
[Incorporated July 7, 1903. Commenced business Dec. 14, 1903.]
Paid-up Capital, $200,000.
FLOR1AN COX, President. EDW. J. WATK1NS, Secretary.
Home Office, Corner 4th and Main streets.
Income.
Net fire premiums,
Interest on mortgage loans, $250.37 ; bonds,
other, $610.66,
Total income, .
Ledger assets, Dec. 31, 1903, .
Total, .
Disbursements
Net amount paid for fire losses,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
All other disbursements, ....
Total disbursements, .
Balance,
',475.95; all
$195,951 51
8,336 98
$204,288 49
250,244 99
$454,533 48
$63,720 80
55,228 70
9,964 82
15,613 09
$144,527 41
$310,006 07
THE STAR FIRE INSURANCE CO.
351
Ledger Assets
Mortgages,
Loans secured by collateral (Schedule A),
Bonds (Schedule B),
Cash in banks and office, ....
Agents' balances,
Sundry accounts,
Total ledger assets,
Non-Ledger Assets.
Market value of bonds over book value, .
Gross assets,
Liabilities.
Unpaid losses, including $2,000 resisted,
Unearned premiums on outstanding risks, $87,621.41 ; plus
same on disallowed reinsurance, $373.21, .
All liabilities, except capital and surplus,
Surplus to policy holders, ,
Paid-up capital,
Surplus over capital and general liabilities, .
$211,837 72
Total liabilities,
Risks and Premiums.
Fire risks written during 1904,
Risks expired and terminated, .
Iu force at end of year, .
Amount reinsured, .
Net amount in force, .
.|16,843,666 00
. 4,881,625 00
.|11,962,041 00
413,300 00
$10,000 00
10,000 00
200,568 75
64,442 99
24,419 42
574 91
1310,006 07
3,800 00
$313,806 07
$13,973 73
87,994 62
$101,968 35
200,000 00
11,837 72
$313,806 07
Premiums.
$274,173 43
94,013 63
$180,159 80
4,916 98
.$11,548,741 00 $175,242 82
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
Schedule A.
Securities held as Collateral.
Pascagoula St. R'y & Power Co. bonds, .
Schedule B.
Market Value.
$22,500 00
United States bonds, .
City of Louisville bonds, .
Bonds owned by the Company.
Book Value.
$10,568 75
190,000 00
$274,173 00
63,721 00
77,695 00
90,300 00
Loaned Thereon.
$10,C00 00
Market Value.
$10,568 75
193,800 00
$200,568 75 $204,368 75
352 STATE MUTUAL FIRE INSURANCE CO.
"STATE MUTUAL FIRE INSURANCE COMPANY;'
PROVIDENCE, R. I.
[Incorporated Feb. 26, 1855. Commenced business Feb. 26, 1855.]
JOHN R. FREEMAN, President. THEODORE P. BOGERT, Secretary.
Home Office, 10 Weybosset Street.
Income.
Net premiums, $969,135 18
Interest on stocks and bonds, $36,975.67; all other, $3,325. 77, 40,301 44
Total income, $1,009,436 62
Ledger assets, Dec. 31, 1903, 1,021,447 15
Total, 12,030,883 77
Disbursements.
Net amount paid for losses, ....
Profits on terminated policies, ....
Salaries, fees, etc , of officers and employees, .
Rents,
Taxes and fees,
All other disbursements,
$70,599 32
813,989 10
15,680 54
4,833 42
17,920 71
17,989 54
Total disbursements $941,012 63
Balance, $1,089,871 14
Ledger Assets.
Stocks and bonds (Schedule A), $974,598 25
Cash in banks and office, 96,189 87
Premiums in course of collection, 19,083 02
Total ledger assets, $1,089,87114
Non-Ledger Assets.
Interest due and accrued on bonds, 8,872 83
Market value of stocks and bonds over book value, . . 68,335 75
Gross assets, $1,167,079 72
Liabilities.
Unpaid losses $2,304 97
Unearned premiums on outstanding risks, .... 478,851 66
Accrued taxes, • . . . . 13,858 54
All liabilities, except surplus, $495,015 17
Surplus 672,064 55
Total liabilities $1,167,079 72
ST. PAUL FIRE AND MARINE INSURANCE CO.
353
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstand'g Dec. 31, 1903, $108,052,837 00 $894,980 22 $4,474,901 10
Risks written during 1904, . 124,734,675 00 1,011,003 89 5,055,019 45
Total, .... $232,787,512 00 f 1,905,984 11 $9,529,920 55
Risks expired and terminated, . 115,428,545 00 948,280 80 4,741,404 00
In force at end of year, . $117,358,967 00 $957,703 31 $4,788,516 55
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1904, 89.75 per cent.
$67,348 00
Schedule A.
Stocks and Bonds owned by the Company.
City of Providence bonds,
City of Boston bonds, ....
448 shares Providence & Worcester R.R.,
500 " Old Colony R.R., .
200 " Boston & Providence R.R., .
400 " Pitts., Ft. Wayne & Chic. R.R.,
400 " Rome, Watert'n & Ogdens. R.R.,
350 " N. Y., Lacka. & Western R.R.,
700 " Cleveland & Pittsburg R.R.,
500 " Morris & Essex R.R., .
150 " N. Y., N. H. & Hart. R.R, .
110 " Merchants' National Bank, .
300 " Illinois Central R.R., .
300 " Chicago Great Western R.R.,
21 " Albany & Susquehanna R R.,
400 " Pitts., Bessemer & L. Erie R.R.,
420 " West End Street R.R., .
1,400 " Pennsylvania R.R.,
200 " Manhattan R.R., .
200 " Chicago & Northwestern R.R.,
200 " Union Pacific R.R.,
Book Value.
$55,000 00
44,000 00
114,240 00
92,500 00
54,000 00
69,400 00
47,200 00
42,000 00
65,050 00
45,750 00
27,256 25
5,940 00
31,500 00
27,000 00
5,082 00
30,800 00
39,400 00
95,267 50
28,075 00
36,512 50
18,625 00
Market Value.
$55,000 00
46,790 00
129,024 00
102,500 00
60,400 00
74,000 00
55,200 00
47,950 00
64,750
46,625
29,775
9,185
31,350
26,100
4 725
30',000 00
39,060 00
96,600 00
33,000 00
41,400 00
19,500 00
00
00
00
00
00
00
00
$974,598 25 $1,042,934 00
"ST. PAUL FIRE AND MARINE INSURANCE COMPANY, 1 '
ST. PAUL, MINN.
[Incorporated May, 1865. Commenced business May, 1865.]
Paid-up Capital, $500,000.
C H. BIGELOW, President. A. W. PERRY, Secretary.
Home Office, Corner Third and Jackson streets.
Income.
Net fire premiums, $2,816,141.87 ; marine, $425,087.53, . $3,241,229 40
Interest on mortgage loans, $25,544.67 ; collaterals, $1,240.39 ;
stocks and bonds, $98,031.08; all other, $14,852.64, . . 139,668 78
354
>T. PAUL FIRE AND MARINE INSURANCE CO.
Rents, including company's own occupancy, .
Profit on sale or maturity of ledger assets,
Total income,
Ledger assets, Dec. 31, 1903, .
$40,328 03
77,165 00
$3,498,391 21
3,700,778 93
Total, $7,199,170 14
Disbursements.
Net amount paid for fire losses, §1,732,4S6. 07 ; marine, §272,-
205.78, $2,004,691 85
Interest and dividends to stockholders, 50,000 00
Commissions or brokerage, 734,560 80
Salaries, fees, etc., of officers and employees 103,766 84
Rents, including company's own occupancy, .... 5,8*
Repairs and expenses on real estate, 17,263 34
Real estate taxes, 86,059.13: other taxes and fees, § 76,887. 68, . 82,946 81
Loss on sale or maturitv of ledger assets, .... 32,111 47
Profit and loss, . 978 79
All other disbursements, 155,153 03
Total disbursements, .
Balance.
. $3,187,272 93
$4,011,897 21
Ledger Assets.
Real estate. $371,476.65; mortgages. 6610,402.13,
Loans secured by collateral (Schedule A).
Stocks aud bonds (Schedule B),
Cash in banks and office, .
Agents' balances,
Bills receivable, not matured, .
Reinsurance due on losses paid,
Total ledger assets, .
§981.878 78
19.330 94
2.456,997 30
273,345 93
261,463 93
14.222 73
4,657 60
$4,011,897 21
Assets not admitted.
Agents' balances over three months due,
Special deposits less 850,995.29 liab. thereon, .
Total unadmitted assets, .
§1,301 32
44,404 71
45.706 03
Total admitted assets,
$3,966,191 18
Liabilities.
Unpaid losses, including f 18,330 resisted, §253,184.13; less
reinsurance, §19,629.21, $233,554 92
Unearned premiums on outstanding risks, §2.183,839. 10 ; plus
same on disallowed reinsurance. $50,005.25, . . . 2,233,844 35
All liabilities, except capital and surplus, . . . $2,467,399 27
Surplus to policv holders, .... 81,498,79191
Paid-up capital,* 500,000 00
Surplus over capital and general liabilities, .... 998,791 91
Total liabilities, .
. $3,966,191 18
ST. PAUL FIRE AND MARINE INSURANCE CO.
355
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
Tn force at end of year, .
Amount reinsured, .
Net amount in force, .
Marine risks outstanding Dec. 31, 1903,
Marine risks written during 1904, .
Total
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, ....
Net amount in force, .
$257,684,541 00
. 189,830,849 00
$447,515,390 00
. 145,870,087 00
$301,645,303 00
. 21,246,946 00
Premiums.
$3,700,589 39
3,537,365 30
$7,237,954 69
2,959,974 63
t,277,980 06
329,464 93
$280,398,357 00 $3,948,515 13
. $4,987,697 00
. 103,574,314 00
$108,562,011 00
. 104,255,544 00
. $4,306,467 00
472,690 00
$177,024 35
699,934 89
$876,959 24
728,360 43
$148,598 81
15,680 49
. $3,833,777 00 $132,918 32
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent), .
Company's stock owned by directors, .
$39,364,904 00
23,920,320 00
1,727,699 00
263,025 00
1,746,694 00
50,000 00
108,300 00
Schedule A.
Securities held as Collateral.
20 shares First N'l B'k, Little Falls, Minn., .
215 " Far , Oz., Kirk & Co., St. P., Minn.,
40 " C. W. Hackett, H. Co., St. P., Minn.,
124 " St. Paul Pioneer Press, .
Market Value.
$2,000 00
21,500 00
4,000 00
6,200 00
Loaned Theieon.
$2,000 CO
10,000 00
2,500 00
4,830 94
Schedule B.
Stocks and Bonds owned by the
Northern Pacific R'y bonds, .
Northern Pacific & Gt. North. R'ys joint bonds,
Chic, St. Paul, Minn. & Omaha R'y Co. bonds,
Union Pacific R'y bonds, .
Louisville & Nashville R.R. Co. bonds,
Baltimore & Ohio R.R. Co. bonds, .
Iowa Central R.R. bonds, .
Missouri Pacific R'y bonds,
Missouri, Kansas & Texas R R. bonds,
$33,700 00 $19,330 94
Company.
Book Value.
$177,500 00
99,000 00
66,000 00
52,500 00
25,750 00
45,000 00
11,200 00
53,000 00
21,750 00
Market Value.
$179,000 00
100,000 00
66,500 00
53,000 CO
26,000 00
45,500 00
11,300 00
53,500 00
21,750 00
356
ST. PAUL FIRE AND MARINE INSURANCE CO.
Missouri, Kansas & Eastern R.R. bonds, .
Wabash R.R. Co. bonds, ....
Chesapeake & Ohio R'y bonds,
Missouri, Kansas & Oklahoma R'y bonds,
Atchison, Topeka & Santa Fe R'y bonds,
St. Louis, Iron Mt. & Southern R'y bonds,
Fere Marquette R'y Co. bonds,
St. Louis, Memphis & Southeast. R'y b'ds,
Ozark & Cherokee Central R'y bonds,
State of Georgia bonds, .
County of Missoula, Mont., bonds,
County of Marshall, S. D., bonds,
County of Stanley, S. D., bonds,
County of Morton, N. D., bonds,
County of Roberts, S. D., bonds,
County of Grant, N. M., bonds,
County of Bernalilo, N. M., bonds,
County of Beltrami, Minn., bonds,
City of Richmond, Va., bonds, .
City of Webster, S. D., bonds, .
Port of Portland, Ore , bonds, .
City of Guthrie, Okla., sewer bonds,
City of Guthrie, Okla., water bonds,
City of Jordan, Minn., bonds, .
City of Baker, Ore., bonds,
City of Aberdeen, S. D , bonds,
City of Grand Forks, N. D., bonds, .
City of Redwood Falls, Minn , bonds,
City of Milbank, S. D., bonds, .
City of Canton, S.-D , bonds, .
City of Tracy, Minn , bonds, .
City of Sioux Falls, S. D., water bonds,
City of Faribault, Minn., bonds,
City of Brookings, S. D , bonds,
City of Aberdeen, S. D., bonds,
City of Dalles City, Ore., bonds,
Town of Fisher, Minn., bonds,.
Town of Elmore, Minn., bonds,
Town of Jo Davies, Minn., bonds, .
Town of Kiester, Faribault Co., Minn., bonds
Town of Seeley, Faribault Co., Minn., bonds,
Township of Staples, Minn., bonds, .
Village of Winnebago City, Minn., bonds,
Village of Lakefield, Minn., bonds, .
Village of Fulda, Minn., bonds,
Village of Glencoe, Minn., bonds, .
Village of Gaylord, Minn., bonds, .
Village of Morgan, Minn., bonds, .
Village of Hector, Minn., bonds,
Village of Renville, Minn , bonds, ,
Village of Lanesboro, Minn., bonds,
Village of Fulda, Minn , bonds,
Village of Wells, Minn., warrants, .
School Dist. No. 81, Spokane, Wash., bonds,
Independ. sch. dist's, Vil. of Aikin, Minn., b'ds,
Board of Edu., City of Crookston, Minn , b'ds,
Independ. Sch. Dist. No. 8, Sibley, la., bonds, .
Indep. Sch. Dist. No. 1, Detroit, Minn., bonds, .
Sch. Dist. 79, Lac qui Parle Co., Minn., bonds,
North Chicago Street R'y bonds,
Book Value.
$30,800 00
47,500 00
53,500 00
52,000 00
49,000 00
47,500 00
153,750 00
48,312 50
48,625 00
10,000 00
11,200 00
9,180 00
10,200 00
12,000 00
12,600 00
10,350 00
13,455 00
16,560 00
25,000 00
10,300 00
50,000 00
3,000 00
20,800 00
20,000 00
10,400 00
4,000
4,200
6,300
23,805
16,800
20,700 00
56,175 00
36,000 00
15,450 00
11,000 00
5,200
6,100
1,500
5,500
9,500
11,000
4,000
2,000
8,384
5,000
8,800
3,000
6,500
6,000 00
10,000 00
5,000 00
4,000 00
7,300 00
55,000 00
18,000 00
1,000 00
8,320 00
5,250 00
8,400 00
25,000 00
00
00
00
00
00
00
00
00
00
00
00
00
00
80
00
00
00
00
Market Value.
$30,940 00
47,750 00
53,750 00
52,250 00
49,500 00
47,750 00
154,500 00
48,312 50
48,625 00
10,000 00
11,200 00
9,180 00
10,200 00
12,000 00
12,600 00
10,400 00
13,520 00
16,640 00
25,000 00
10,400 00
50,000 00
3,000 00
21,000 00
20,400 00
10,500 00
4,000 00
4,240 00
6,360 00
24,150 00
16,960 00
21,000 00
56,710 00
36,000 00
15,600 00
11,000 00
5,250 00
6,100 00
1,500 00
5,665 00
10,000 00
11,000 00
4,080 00
2,000 00
8,480 00
5,000 00
8,960 00
3,000 00
6,630 00
6,120 00
10,200 00
5,100 00
4,040 00
7,300 00
55,500 00
18,000 00
1,000
8,400
5,300
8,400
00
00
00
00
25,000 00
TEUTONIA INSURANCE CO. OF NEW ORLEANS.
357
Minneapolis Gas Light Co. bonds, .
Minneapolis General Electric Co. bonds, .
St. Paul Gas Light Co. bonds, .
St. Joseph, Mo., Lt., Ht. & Power Co. bonds,
Helena, Mont., Light & Traction Co. bonds,
United Electric Light & Power Co. bonds,
320 shares First N 1 l B'k of St. Paul, Minn.,
100 « Second N'l B'k of St. Paul, Minn.,
750 " Merch. N'l B'k of St. Paul, Minn.,
197 " N'l Ger. Amer. B'k of St. P., Minn.
200 " First N'l B'k of Minneap., Minn.,
50 " First N'l B'k of Stillwater, Minn.,
45 " First N'l B'k of Alexandria, Minn.
60 " Amer. Exch. B'k of Duluth, Minn.
50 " First Nat'l Bank of Duluth, Minn.
25 " First Nat'l Bank of St. Peter, Minn.
50 " Nat'l Bank of Montana of Helena,
800 " Northern Securities Co., .
100 " N. Am. Teleg. Co., Minnea., Minn.
110 " West Pub. Co., St. Paul, Minn.,
25 " West Pub. Co., St. Paul, Minn.,
50 " Northwestern Trust Co.,
Book Value.
154,000 00
62,400 00
85,910 00
10,000 00
25,000 00
18,800 00
83,200 00
12,000 00
108,750 00
26,595 00
36,000 00
10,000 00
6,750 00
10,500 00
13,250
3,750
7,000
100,000
7,500
11,550
6,875
5,250
00
00
00
00
00
00
00
00
Market Value.
$43,200 00
63,000 00
86,820 00
10,200 00
26,250 00
18,800 00
84,800 00
12,500 00
108,750 00
27,580 00
37,000 00
10,000 00
6,975 00
10,800 00
13,500 00
3,875 00
7,500 00
105,600 00
8,000 00
11,660 00
7,500 00
5,500 00
$2,456,997 30 $2,473,822 50
"ffEUTONIA INSURANCE COMPANY OF NEW ORLEANS,"
NEW ORLEANS, LA.
[Incorporated April 12, 1871. Commenced business June 1, 1871.]
Paid-up Capital, $250,000.
ALBERT P. NOLL, President. FRANK LANGBEHN, Secretanj.
Home Office, 217 Gamp Street.
Income.
Net fire premiums, $650,157.01; marine, $21,290.15, . . $671,447 16
Interest on stocks and bonds, $20,711.79 ; all other, $237.05, 20,948 84
From all other sources, 4,012 39
Total income, $696,408 39
Ledger assets, Dec. 31, 1903, 794,790 10
Total, $1,491,198 49
Disbursements.
Net amount paid for fire losses, $433,911.26; marine, $4,-
508.45, $438,419 71
Interest and dividends to stockholders, 25,125 00
Commissions or brokerage, 135,988 42
Salaries, fees, etc., of officers and employees, .... 25,037 41
Real estate taxes, $880 ; other taxes and fees, $7,493.62, . 8,373 62
Loss on sale or maturity of ledger assets, .... 4,690 00
All other disbursements, 56,458 44
Total disbursements, $694,092 60
Balance, $797,105 89
358
TEUTONIA INSURANCE CO. OF NEW ORLEANS.
Ledger Assets.
Real estate, ....
Stocks and bonds (Schedule A),
Cash in banks and office, .
Agents' balances,
Total ledger assets, .
$40,000 00
582,057 50
88,928 05
86,120 34
$797,105 89
Non-Ledger Assets.
Market value of stocks and bonds over book value,
Gross assets,
10,667 50
7,773 39
Liabilities.
Unpaid losses, including $3,500 resisted, ....
Unearned premiums on outstanding risks, $400,024. 31 ; plus
same on disallowed reinsurance, $5,130.72, .
Dividends due stockholders,
Due for reinsurance premiums,
All liabilities, except capital and surplus,
Surplus to policy holders, .
Paid-up capital, ......
Surplus over capital and general liabilities, .
$330,875 16
$55,738 20
405,155 03
13,005 00
3,000 00
$476,898 23
250,du0 00
80,875 16
Total liabilities, $807,773 39
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
Marine risks written during 1904,
Risks expired and terminated, .
. $55,641,482 00
. 56,690,641 00
$112,332,123 00
. 50,924,609 00
. $61,407,514 00
. 4,814,002 00
Premiums.
$781,372 89
910,320 40
11,691,693 29
816,076 81
$875,616 48
105,698 03
.$56,593,512 00 $769,918 45
. $4,922,942 00
. 4,922,942 00
$24,618 71
24,618 71
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$11,384,777 00
5,213,476 00
437,029 00
4,508 00
718,892 00
25,000 00
72,100 00
traders' INSURANCE CO.
359
Schedule A.
Stocks and Bonds owned by the Company.
New Orleans city bonds, .
Louisiana State bonds,
United States bonds, .
Pontchartrain levee bonds,
New Orleans city bond, .
100 shares Canal B'k & Tr. Co
of N. Orleans,
25
30
50
15
150
Germania Nat'l Bank, New Orleans,
Hibernian B'k & Tr. Co., N. Orleans,
Teutonia B'k & Tr. Co , N. Orleans,
Prov. Sav. B'k & Tr. Co., N. Orleans,
Illinois Central R.R.,
Book Value.
$275,000 00
106,597 50
67,125 00
25,800 00
44,200 00
18,000 00
3,960 00
13,200 00
6,500 00
2,025 00
19,650 00
Market Value.
$275,000 00
106,000 00
65,500 00
25,200 00
46,400 00
20,800 00
6,500 00
15,450 00
6,000 00
2,325 00
23,550 00
$582,057 50 $592,725 00
"TRADERS' INSURANCE COMPANY," CHICAGO, ILL.
[Incorporated February, 1865. Commenced business May, 1872.]
Paid-up Capital, $500,000.
THIES J. LEFENS, President. S. A. ROTHERMEL, Secretary.
Home Office, 160 La Salle Street.
Income.
Net tire premiums, $1,521,613 99
Interest on mortgage loans, $10,743.80; stocks and bonds,
$90,953.91; all other, $3,718.34, 105,416 05
Rents 2,330 00
Profit on sale or maturity of ledger assets, .... 4,568 50
Total income, $1,633,928 54
Ledger assets, Dec. 31, 1903, 2,788,048 62
Total, $4,421,977 16
Disbursements.
Net amount paid for fire losses, $952,819 36
Interest and dividends to stockholders, 50,000 00
Commissions or brokerage, 361,382 45
Salaries, fees, etc., of officers and employees, .... 92,565 40
Rents, 7,610 00
Repairs and expenses on real estate, 933 96
Real estate taxes, $299.21 ; other taxes and fees, $50,596.94, 50,896 15
Profit and loss 769 92
All other disbursements, 56,812 46
Total disbursements, $1,573,789 70
Balance, $2,848,187 46
360
TRADERS INSURANCE CO.
Ledger Assets.
Real estate, $25,399.84; mortgages, $249,966.67,
Stocks and bonds (Schedule A),
Cash in banks and office,
Agents' balances,
Office premiums in course of collection, .
Total ledger assets,
$275,366 51
2,173,664 60
174,194 29
212,944 70
12,017 36
$2,848,187 46
Non-Ledger Assets.
Interest accrued : —
On mortgages, $5,902.85 ; stocks and bonds, $4,191.97,
Rents accrued on company's property, .
10,094 82
40 50
Gross assets,
1,858,322 78
Assets not admitted.
Agents' balances over three months due, . $2,885 10
Special deposits less $40,974.49 liab. thereon, 48,419 51
Depreciation in book value of stocks and bonds, 593 70
Total unadmitted assets, ....
Total admitted assets,
51,898 31
1,806,424 47
Liabilities.
Unpaid losses, including $4,200 resisted, $164,367.69; less
reinsurance, $32,426.46, . . . . . . . $131,941 23
Unearned premiums on outstanding risks, $1,174,719.91;
plus same on disallowed reinsurance, $10,129.65, . . 1,184,849 56
Commissions and other charges due agents and brokers, . 3,718 02
All liabilities, except capital and surplus, . . . $1,320,508 81
Surplus to policy holders, .... $1,485,915 66
Paid-up capital, 500,000 00
Surplus over capital and general liabilities, . . . . 985,915 66
Total liabilities, . $2,806,424 47
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
$175,121,274 00 $2,248,980 55
. 165,590,403 00 2,215,626 52
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
$340,711,677 00 #4,464,607 07
. 142,354,993 00 1,934,756 56
$198,856,684 00 $2,529,850 51
. 20,798,565 00 297,095 21
Net amount in force, .
$177,558,119 00 $2,232,755 30
TRADERS' INSURANCE CO.
361
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
120,381,045
12,232,150
966,785
1,622,500
50,000
155,300
00
00
00
00
00
00
Schedule A.
Stocks and Bonds owned by the Company.
United States bonds, ....
Atchison, Topeka & Santa Fe R'y bonds,
Cass Ave. & Fair Grounds R'y bonds,
Chicago & E. Illinois R.R. bonds, .
Chicago & Alton R'y bonds,
Erie R.R. bonds, .
Lake Erie & Western R R. bonds, .
Met. West Side Elevated R.R. bonds,
Pennsylvania R.R. bonds, ....
Union Pacific R R. bonds, ....
Union Pacific R R bonds,.
Wabash R.R. bonds,
Wabash R.R. (Toledo & Chic. Div.) bonds,
Wabash Pittsburg Terminal R'y bonds, .
Central Pacific R'y bonds,
Northern Pacific Ry bonds,
Chic, Burl. & Quincy R.R. (Den. Ext.) bonds
Missouri Pacific R'y bonds,
Louisville & Nashville R.R. bonds, .
South Side Elevated R.R. bonds,
Richmond, Va., city bonds,
United States of Mexico bonds,
Atchison, Topeka & Sante Fe R'y stock, .
Chicago, Mil. & St. Paul R'y stock, .
Chicago, Mil. & St, Paul R'y stock, .
Chicago & Northwestern R'y stock,
Chicago & Northwestern R'y stock,
Chic, St. Paul, Min. & Omaha R'y stock,
Denver & Rio Grande R.R. stock, .
Illinois Central R.R. stock,
Chicago City R'y stock, ....
North Chicago St. R.R. stock, .
South Side Elevated R.R. stock,
Corn Exchange National Bank stock,
Continental National Bank stock, .
Union National Bank stock,
Town of Cicero warrant stock,
West. Adjust. & Inspection Co. stock,
Book Value.
$65,887 50
102,947 50
9,925
10,100
42,750
49,375
23,515 00
19,200 00
7,500 00
51,933
105,100
26,987
28,575
45,000 00
48,500 00
51,062
49,000
54,375
22,660
53,743 75
26,394 00
97,135 20
47,500 00
10,000 00
68,675 00
11,300 00
162,400 00
12,787 50
99,562 50
117,600 00
415,850 00
49,700 00
89,796 00
75,475 00
18,000 00
2,000 00
976 90
375 00
00
00
00
00
75
00
50
00
50
00
00
00
00
00
00
00
00
00
Market Value.
$63,000 00
100,000 00
10,000 00
11,000
40,500
49,000
23,000
19,000
7,125
50,000 00
94,000 00
27,500 00
28,500 00
45,000 00
48,500 00
50,000 00
49,000 00
52,500 00
22,000 00
53,000 00
26,394 00
97,000 00
47,500 00
15,000 00
86,000 00
19,775 00
150,000 00
18,750 00
115,200 00
112,000 00
388,245 00
19,880 00
90,000 00
107,250 00
35,700 00
400 00
976 90
375 00
$2,173,664 60 $2,173,070 90
362 UNION INSURANCE CO. OF PHILADELPHIA.
"UNION INSURANCE COMPANY OF PHILADELPHIA,"
PHILADELPHIA, PA.
[Incorporated Feb. 6, 1804. Commenced business July 25, 1S03.]
Paid-up Capital, $200,000.
(HAS. S. HOLLINSHEAD, President. EDGAR R. DANNELS, Secretary.
Home Office, Corner Third and Walnut streets.
Income.
Net fire premiums, 1330,173 33
Deposit premiums on perpetual risks, ..... 763 00
Interest on collaterals, $478.85 ; stocks and bonds, $13,238.75 ;
all other, § 1,388. 91, 15,106 51
Rents, 2,168 86
Profit on sale or maturity of ledger assets, .... 844 38
Paid in by stockholders, 224,647 50
Total income, $573,703 58
Ledger assets, Dec. 31, 1903, 506,035 31
Total $1,079,738 89
Disbursements.
Net amount paid for fire losses, $281,712 15
Dejjosit premiums returned, 4,548 93
Interest and dividends to stockholders, 5,000 00
Commissions or brokerage, 69,349 35
Salaries, fees, etc., of officers and employees, .... 39,620 82
Repairs and expenses on real estate, 2,076 67
Real estate taxes, f 1,920 ; other taxes and fees, $10,299.92, . 12,219 92
All other disbursements, 27,455 02
Total disbursements, $441,982 86
Balance, $637,756 03
Ledger Assets.
Real estate,
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B),
Cash in banks and office, ....
Agents' balances,
Cash in hands of manager at San Francisco,
Fractional shares of company's stock,
$159,076 32
18,600 00
370,057 32
46,469 63
39,416 48
4,036 28
100 00
Total ledger assets, $637,756 03
Non-Ledger Assets.
Market value of stocks and bonds over book value, . . 38,053 68
All other, 742 50
Gross assets, $676,552 21
UNION INSURANCE CO. OF PHILADELPHIA.
363
Assets not admitted.
Company's stock owned, ....
Agents 1 balances over three months due,
Depreciation in book value of real estate,
Total unadmitted assets, .
Total admitted assets,
1100 00
188 41
52,576 32
$52,864 73
$623,687 48
Liabilities.
Unpaid losses, $28,064.32 ; less reinsurance, $923.68, .
Unearned premiums on outstanding risks, $243,954.63; plus
same on disallowed reinsurance, $620.17, .
Reclaimable on perpetual fire policies,
Stock fractions,
$27,140 64
244,574 80
27,436 18
29 70
$299,181 32
200,000 00
124,506 16
Total liabilities, $623,687 48
All liabilities, except capital and surplus,
Surplus to policy holders, .
Paid-up capital,
Surplus over capital and general liabilities, .
$324,506 16
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
.$44,658,436 00 $521,484 35
. 35,048,025 00 423,434 06
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
.$79,706,461 00 $944,918 41
. 35,265,591 00 441,061 22
. $44,440,870 00 $503,857 19
. 1,961,106 00 23,538 07
. $42,479,764 00 $480,319 12
Perpetual risks in force (not included above), $1,024,273 00 $30,484 64
Miscellaneous.
Premiums received from organization of companj 7 ,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of companj*,
Stock dividends declared from organization of company,
Dividends declared during the year (2.5 per cent.),
Company's stock owned by directors, ....
$27,146,451 00
18,803,257 00
256,012 00
1,974,221 00
15,000 00
5,000 00
119,900 00
Schedule A.
Securities held as Collateral.
136 shares Commonwealth Title Ins. Tr. Co.
34 " Lehigh Coal & Navigation Co.,
.50 " 13th & 15th Sts. Pass. R'y Co.,
Lehigh Coal & Navigation Co. bonds,
Market Value.
$40,800 00
3,706 00
15,337 50
1,080 00
Loaned Thereon.
$6,500 00
1,700 00
10,000 00
400 00
$60,923 50 $18,600 00
364
UXION MUTUAL FIRE INSURANCE CO.
Schedule B.
Stocks and Bonds owned by the Company.
Susquehanna Coal Co. bonds, .
Steubenville & Ind. R.R. Co. bonds,
Chesapeake & Del. Canal Co. bonds,
Philadelphia & Reading R.R. Co. bonds,
North Pennsylvania R.R. Co. bonds,
Hestonv., Mant. & Fairrat Pass. R.R. Co
People's Pass. R'y Co. bonds, .
Lehigh Coal & Navigation Co. bonds,
Cin., Dayton & Ironton R.R. Co. bonds,
Atlantic City R.R. Co. bonds, .
Union Traction Co. bonds,
Penn. & N. Y. Canal & R.R. Co. bonds,
Bloomfield St. R'y Co. bonds, .
Lynn & Boston R.R. Co. bonds,
Camden & Sub. R'y Co. bonds,
Perkiomen R.R. Co. bonds,
City of Philadelphia bonds,
County of Allegheny bonds,
City of Reading bonds,
100 shares Little Schuylkill R.R. Co.,
136
68
100
109
120
North Pennsylvania R.R. Co.,
Philadelphia National Bank,
Philadelphia Traction Co.,
13th & 15th Streets Pass. R'y Co .,
Philadelphia & Reading R.R. Co.,
b'ds
00
67
79
00
30
50
Book Value.
$7,505 00
15,150
14,482
48,342
2,325
11,675
11,962
10,397 51
5,607 64
11,397 50
8,225 00
10,812 50
10,400 00
4,992 07
10,150
13,650
86,316
26,500
3,202
3,427
6,233
8,346
7,562
24,648
6,743
00
00
25
00
50
76
77
75
50
75
56
Market Value.
$11,100 00
16,050 00
7,200 00
50,887 50
2,020 00
11,600 00
11,880 00
10,100 00
5,750 00
12,320 00
10,100 00
11,500 00
11,100 00
5,450 00
10,900 00
14,040 00
86,285 00
26,500
3,180
6,400
14,144
21,420
9,900
33,435
4,848
00
00
00
00
00
00
75
75
$370,057 32 §408,111 00
"UNION MUTUAL FIRE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated May, 1863. Commenced business September, 1S63.]
EDWIN BARROWS, President. JOSEPH T. A. EDDY, Secretary.
Home Office, 10 Weybosset Street.
Income.
Net premiums, $31,993 71
Interest on stocks and bonds, $ 13,262 ; all other, $395.09, . 13,657 09
Profit on sale or maturity of ledger assets, .... 9,350 00
Premiums paid in advance, 896 25
Total income, $55,897 05
Ledger assets, Dec. 31, 1903, 259,631 33
Total, $315,528 38
Disbursements.
Net amount paid for losses, ....
Profits on terminated policies, ....
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees, .
$11,471 L2
22,460 58
1,525 02
4,423 00
UNION MUTUAL FIRE INSURANCE CO. 365
Rents, $450 00
Taxes and fees, 758 55
1904 premiums paid in 1903, 695 40
All other disbursements, 530 65
Total disbursements, $42,314 32
Balance, $273,214 06
Ledger Assets.
Stocks and bonds (Schedule A), $259,304 93
Cash in banks and office, 12,760 38
Agents' balances, 1,148 75
Total ledger assets, $273,214 06
Non-Ledger Assets.
Interest accrued : —
On stocks and bonds, $1,905; other assets, $8.31, . . . 1,913 31
Market value of stocks and bonds over book value, . . 83,091 07
Gross assets $358*218 44
Liabilities.
Unpaid losses, $1,500 00
Unearned premiums on outstanding risks, .... 100,367 90
Dividends due policy holders, 976 03
Taxes due or accrued, 629 17
Commissions and other charges due agents and brokers, . 95 27
Premiums paid in advance, 896 25
All liabilities, except surplus, . . . . . . $104,464 62
Surplus, 253,753 82
Total liabilities, . $358,218 44
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1903, $18,569,050 00 $205,537 73 $205,537 73
Risks written during 1904, . 3,195,268 00 33,200 65 33,200 65
Total, $21,764,318 00 $238,738 38 $238,738 38
Risks expired and terminated, . 3,129,944 00 33,350 25 33,350 25
In force at end of year, . . $18,634,374 00 $205,388 13 $205,388 13
Miscellaneous.
Losses incurred during the year, $12,702 00
Profits or surplus returned during 1904, 25, 40, 65 and 80 per
cent.
Schedule A.
Stocks and Bonds owned by the Company.
Book Value. Market Value.
United States bonds, $40,000 00 $47,000 00
Cleveland Electric R'y Co. bonds, . . . 10,000 00 10,200 00
United Traction & Electric Co. bonds, . . 10,000 00 11,000 00
366 UNITED FIREMEN'S INSURANCE CO. OF PHILADELPHIA.
70 shares American National Bank,
100 «
120 ■
230 "
300 '
100 "
200 «
200 '
504 ■
100 '
200 ■
Old National Bank,
National Bank of Commerce, .
Chicago & Northwestern R.R. Co.
Illinois Central R.R. Co.,
Hereford R'y Co , .
N. Y. Cent. & Hudson R. R.R. Co.
N. Y., Lack. & Western R R. Co.,
Pennsylvania R.R. Co., .
Rensselaer & Saratoga R.R. Co.,
Pitts., Bess. & L. E. K.R. Co , .
East St. Louis & Suburban R.R. Co. bonds,
Lake Shore & Michigan R.R. Co. bonds, .
Book Value.
Market Value.
$3,500 00
$ 4,4 10 00
10,000 00
10,000 00
6,000 00
6,600 00
23,000 00
47,610 00
30,537 00
46,800 00
10,000 00
10,000 00
20,459 77
28,400 00
20,000 00
27,400 00
28,395 66
34,776 00
10,000 00
20,700 00
7,412 50
7,400 00
20,000 00
20,000 00
10,000 00
10,100 00
$259,304 93
$342,396 00
"UNITED FIREMEN'S INSURANCE COMPANY OF PHILA-
DELPHIA," PHILADELPHIA, PA.
» [Incorporated April 2, 1S60. Commenced business April 1, 1S61.]
Paid-up Capital, $300,000.
ROBERT B. BEATH, President. DENNIS J. SWEENY, Secretary.
Home Office, 419 Walnut Street.
Income.
Net fire premiums,
Deposit premiums on perpetual risks,
Intereston mortgage loans, $19,644.07 ; collaterals,^
stocks and bonds, $43,400.91 ; all other, $308.28,
Rents,
From all other sources,
Total income,
Ledger assets, Dec. 31, 1903,
Total, ....
,709.96;
$466,227 99
48,734 37
67,063 22
7,184 34
138 10
. $589,348 02
. 1,732,648 17
. $2,321,996 19
Disbursements.
Net amount paid for fire losses, $319,510 25
Deposit premiums returned, 52,565 98
Interest and dividends to stockholders, 30,000 00
Commissions or brokerage, 115,999 58
Salaries, fees, etc., of ofiicers and employees, .... 33,764 03
Repairs and expenses on real estate, 4,774 06
Real estate taxes, $2,802.15 ; other taxes and fees, $9,321.50, 12,123 65
All other disbursements, 32,497 79
Total disbursements, $601,235 34
Balance, ." $1,720,760 85
Ledger Assets.
Real estate, $174,553.24; mortgages, $356,084, . . . $530,637 24
Loans secured by collateral (6 sh. Frank. & South. R'y Co.), 2,000 00
Stocks and bonds (Schedule A), 1,044,293 38
UNITED FIREMEN'S INSURANCE CO. OF PHILADELPHIA. 367
Cash in banks and office, ....
Agents 1 balances,
Perpetual deposits in course of collection,
Total ledger assets, ....
|87,969 15
52,982 93
2,878 15
$1,720,760 85
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $7,120.49 ; other assets, $210.54, .
Rents accrued on company's property, .
Market value of stocks and bonds over book value,
Gross assets,
$7,331 03
379 42
32,941 62
,761,412 92
Assets not admitted.
Agents' balances over three months due,
Depreciation in book value of real estate,
Total unadmitted assets, .
Total admitted assets,
$185 70
3,486 24
3,671 94
$1,757,740 98
Liabilities.
Unpaid losses, including $1,555.30 resisted, $32,548.44 ; less
reinsurance, $426.48 $32,12196
Unearned premiums on outstanding risks, $381,354.53; plus
same on disallowed reinsurance, $ 1,578. 29,. . . . 382,932 82
Reclaimable on perpetual fire policies, 869,769 05
Salaries and other miscellaneous expenses, due or accrued, . 11,571 48
All liabilities, except capital and surplus, . . . $1,296,395 31
Surplus to policy holders, .... $461,345 67
Paid-up capital 300,000 00
Surplus over capital and general liabilities, .... 161,345 67
Total liabilities, $1,757,740 98
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, ....
Net amount in force, .
. $66,137,445 00
. 49,100,470 00
$115,237,915 00
. 42,389,697 00
. $72,848,218 00
. 5,226,887 00
. $67,621,331 00
Perpetual risks in force (not included above), $42,875,093 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
Premiums.
$724,088 63
587,659 02
1,311,747 65
516,114 14
$795,633 51
70,504 34
$725,129 17
$963,458 42
56,827,949 00
4,130,075 00
322,914 00
653,506 00
30,000 00
86,480 00
368 UNITED FIREMEN'S INSURANCE CO. OF PHILADELPHIA.
Schedule A.
Stocks and Bonds owned by the Company.
City of Philadelphia bonds,
Allegheny Co. (Penn.) road bonds, .
Allegheny Valley R.R. Co. bonds, .
Atlantic City R.R. Co. bonds, .
Atchison, Topeka & Santa Fe R R. bonds,
Baltimore & Potomac R.R. Co. bonds,
Baltimore & Ohio R.R. Co. bonds, .
Chesapeake & Ohio R'y Co. bonds, .
City of Woonsocket, Dakota, bonds,
Choctaw, Oklahoma & Gulf R.R. Co. bonds,
Consolidated Traction Co. of N. J. bonds,
Consolidated Gas Co. of Pittsburg bonds,
Delaware County R'y bonds, .
Erie R.R. Co. car trust bonds, .
Evansville & Terre Haute R.R. bonds,
Electric & People's Traction Co. bonds,
Illinois Central R.R. Co. bonds,
Lake Erie & Western R.R. Co. bonds,
Lehigh Valley R.R. Co. bonds,
Lehigh Coal & Navigation Co. bonds,
Missouri Pacific Equipment Association b'ds,
Mortgage Trust Co. of Pennsylvania bonds,
Newark (N. J.) Passenger R'y Co. bonds,
Norfolk & Western R'y equip, trust bonds,
Oley Valley R'y bonds, ....
Pennsylvania Co. bonds, ....
Penn. & N. Y. Canal & R.R. Co. bonds, .
Pennsylvania R.R. Co. bonds, .
Philadelphia & Bait. Cent. R.R. Co. bonds,
Philadelphia & Erie Co. R R. bonds,
Philadelphia Co. trust bond,
Philadelphia Co. trust bonds, .
Pitts., Cin., Chic. & St. Louis R'y bonds, .
People's Passenger R'y Co. bonds, .
Philadelphia Traction Co. collateral tr. bonds
Reading Co. of Pennsylvania bonds,
Reading Co. R.R. equip, bonds,
Real Estate Title Insurance & Trust Co. bonds
Second Avenue Traction Co. (Pitts.) bonds,
St. Louis & San Francisco R.R. equip, bonds,
Southern Pacific collateral trust bonds, .
United R'ys trust certificates, .
Western N. Y. & Penn. R.R. Co. bonds, .
Wilmington City (Del.) R'y Co. bonds, .
200 shares Continental Pass. R'y (Phila.),
30 " Frank. & South. Passenger R'y,
100 " Pennsylvania R.R. Co., .
100 " Philadelphia Traction Co.,
200 " Union Passenger R'y, .
200 " United Gas Improvement Co.,
34 " Milwaukee Underw. Build. Asso.,
Underwriters' Salvage Co. of N. Y. stock,
00
00
00
00
50
00
00
00
38
00
00
00
Book Value.
$66,070 00
36,925 00
24,824 50
20,500 00
10,167 00
6,075
18,255
37,390
6,000
26,837
27,562 50
28,125 00
12,550
25,000
10,300
22,885
9,400
11,675
56,100
36,900 00
15,000 00
10,000 00
21,775 00
14,746 50
10,250 00
39,398 75
19,300 00
22,400 00
10,275 00
25,437 50
21,550 00
11,000 00
38,590 00
13,327
9,000
25,000
14,140
20,000 00
15,000 00
18,988 00
10,032 50
24,875 00
14,400 00
25,252 50
20,000 00
10,500 00
6,068 75
9,787 50
35,205 75
18,851 25
100 00
500 00
50
00
00
00
Market Value.
$65,905 00
36,750 00
23,400 00
22,200 00
10,300 00
5,700 00
18,600 00
37,800 00
6,000 00
27,500 00
27,000 00
27,250 00
12,000 00
25,000 00
10,600 00
25,200 00
9,700 00
12,000 00
57,800 00
36,520 00
15,000 00
9,000 00
23,000 00
15,000 00
10,000 00
38,200 00
20,200 00
21,000 00
10,100 00
24,200 00
20,400 00
11,000 00
38,420 00
15,600 00
9,360 00
25,000 00
14,000 00
20,000 00
17,100 00
19,750
10,100
24,900
14,280
25,250
30,400 00
13,200 00
6,900 00
9,900 00
47,000 00
21,200 00
50 00
500 00
00
00
00
00
00
$1,044,293 38 11,077,235 00
UNITED STATES FIRE INSURANCE CO. 369
"UNITED STATES FIRE INSURANCE COMPANY, 11
NEW YORK, N. Y.
[Incorporated April 1, 1824. Commenced business April 9, 1824.]
Paid-up Capital, $250,000.
A. R. PIERSON, President. W. W. UNDERHILL, Secretary.
Home Office, 46 Pine Street.
Income.
Net fire premiums, $454,018 34
Interest on mortgage loans, $13,607.79; stocks and bonds,
$7,340.66, 20,948 45
Rents 4,437 00
Profit on sale or maturity of ledger assets, .... 647 22
Total income, $480,051 01
Ledger assets, Dec. 31, 1903, 764,446 75
Total, $1,244,497 76
Disbursements.
Net amount paid for fire losses, $322,304.19; marine, $3,641.50, $325,945 69
Interest and dividends to stockholders, 7,500 00
Commissions or brokerage, 129,802 93
Salaries, fees, etc., of officers and employees, .... 25,691 33
Rents, 5,166 66
Repairs and expenses on real estate, 2,020 46
Real estate taxes, $681.53 ; other taxes and fees, $6,562.28, . 7,243 81
All other disbursements, 25,804 30
Total disbursements, $529,175 18
Balance, $715,322 58
Ledger Assets.
Real estate, $45,327.21 ; mortgages, $258,700,
Stocks and bonds (Schedule A),
Cash in banks and office,
Agents 1 balances,
Counter premiums,
$304,027 21
269,045 87
21,975 46
120,264 08
9 96
Total ledger assets, $715,322 58
Non-Ledger Assets.
Interest accrued : —
On mortgages, $972.91 ; stocks and bonds, $2,035.39, . . 3,008 30
Market value of real estate over book value, .... 10,672 79
Reinsurance due on losses paid, 5,253 20
Gross assets,* $734,256 87
* Including 821,304.41 special reserve held under New York law.
370
I'M TED STATES FIRE INSURANCE CO.
Assets not admitted.
Agents' balances over three months due, . $24 05
Depreciation in book value of stocks and bonds, 2,320 87
Total unadmitted assets, ....
Total admitted assets,
!,344 92
1731,911 95
Liabilities.
Unpaid losses, including $5,967.27 resisted, $63,161.89 ; less
reinsurance, $9,422.29.
Unearned premiums on outstanding risks, $ 386,017. 61 ; plus
same on disallowed reinsurance, $7,368.60, . .
Salaries and other miscellaneous expenses, due or accrued, .
Commissions and other charges due agents and brokers,
Due for return premiums,
All liabilities, except capital and surplus,
Surplus to policy holders, .
Paid-up capital,
Surplus over capital and general liabilities, .
$284,451 23
$53,739 60
393,386 21
200 00
1 49
133 42
$447,460 72
250,000 00
34,451 23
Total liabilities, $731,911 95
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
.$75,453,913 00
. 58,546,219 00
$134,000,132 00
. 56,103,278 00
. $77,896,854 00
. 14,744,445 00
Premiums.
$849,995 75
803,141 79
1,653,137 54
718,764 18
$934,373 36
179,208 59
. $63,152,409 00 $755,164 77
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Inland marine losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (3 per cent.), .
Company's stock owned by directors,
^9,011,886 00
4,944,164 00
333,284 00
172 00
1,974,090 00
7,500 00
136,500 00
Schedule A.
Stocks and Bonds owned by the Company.
New York City bonds,
United States bonds, .
Rensselaer & Saratoga R.R. stock,
Philippine Island certificate,
Book Value.
$182,836 25
10,987 50
44,823 00
30,399 12
Market Value.
$172,400 00
13,C75 00
51,250 00
30,000 00
$269,045 87 $266,725 00
UNITED STATES LLOYDS. 371
" UNITED STATES LLOYDS," NEW YORK, N. Y.
[Commenced business December, 1872.]
HIGGINS & COX, Attorneys.
Home Office, 16 Exchange Place.
Income.
Net marine premiums, 1652,983 86
Interest on bonds, 30,970 33
From all other sources, 52,246 17
Total income, $736,200 36
Ledger assets, Dec. 31, 1903, 912,455 40
Total, $1,648,655 76
Disbursements.
Net amount paid for marine losses, $240,784 41
Interest and dividends to stockholders, 50,000 00
Commissions or brokerage, 141,190 92
Salaries, fees, etc., of officers and employees, .... 69,314 72
Rents, 7,875 00
Taxes and fees, 24,244 44
Total disbursements, $533,409 49
Balance, f 1,1 15,246 27
Ledger Assets.
Bonds (Schedule A), . . . . . . $546,325 00
Cash in banks and office, 348,924 30
Agents 1 balances, 219,996 97
Total ledger assets, $1,115,246 27
Non-Ledger Assets.
Interest due and accrued on bonds, 6,695 83
Salvages and reinsurances, 48,078 72
Reinsurance returns, 21,699 07
Gross assets, % ..$1,191,719 89
Liabilities.
Unpaid losses, $206,290 00
Unearned premiums on outstanding risks, $190,992.34; plus
same on disallowed reinsurance, $216,490, .... 407,482 34
Salaries and other miscellaneous expenses, due or accrued, . 13,350 00
Commissions and other charges due agents and brokers, . 11,706 81
Due for return premiums, $12,500 ; reinsurance, $36,921.44, . 49,421 44
On deposit in trust, 40,316 50
All liabilities, except subscribers' deposits and surplus, . $728,567 09
Surplus to policy holders, .... $463,152 80
Subscribers 1 deposits paid up, 100,000 00
Surplus over subscribers 1 deposits and general liabilities, . 363,152 80
Total liabilities, $1,191,719 89
372
VICTORIA FIRE INSURANCE CO. OF NEW YORK.
Risks and Premiums.
Marine risks outstanding Dec. 31, 1903,
Marine risks written during 1904, .
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
. $17,699,709 00
. 441,946,008 00
$459,645,717 00
. 438,338,972 00
.$ 21,306,745 00
. 10,826,623 00
Premiums.
$155,364 82
1,531,912 86
'1,687,277 68
1,496,285 34
$190,992 34
73,175 16
.$10,480,122 00 $117,817 18
Miscellaneous.
Marine and inland losses incurred during the year,
$426,681 00
Schedule A.
Bonds owned by the Company.
Chicago, Rock Island & Pacific R.R. bonds,
Long Island R R. Co. bonds,
Union Pacific R ? y Co. bonds, .
Atchison, Topeka & Santa Fe R.R. bonds,
Northern Pacific R'y Co. bonds,
Baltimore & Ohio R.R. Co. bonds, .
Scioto Valley & New Eng. R.R. Co. bonds,
Northern Pacific-Gt. Northern joint bonds,
Massachusetts State bonds,
Havana, Cuba, city bonds,
Consolidated stock, city of New York,
Northern Pacific R R. bonds, .
N. Y. Central & Hudson River R.R. bonds,
City of Boston Rapid Transit bonds,
Book Value.
$50,750 00
49,000 00
50,500 00
49,000 00
25,438 00
50,000 00
14,850 00
45,812 00
52,125 00
26,000 00
23,625 00
9,600 00
48,625 00
51,000 00
Market Value.
$51,500 00
49,500 00
52,250 00
51,250 00
26,250 00
51,250
15,113
49,437
52,000
26,250
23,812
9,866
49,750 00
51,250 00
00
00
00
00
00
00
00
$546,325 00 $559,478 00
"VICTORIA FIRE INSURANCE COMPANY OF NEW YORK,"
NEW YORK, N. Y.
[Incorporated June 2i, 1896. Commenced business July 1, 1896.]
Paid-up Capital, $200,000.
HENRY H. HALL, President. EDW. K. BEDDALL, Secretary.
Home Office, 85 Pine Street.
Income.
Net fire premiums, $162,089 48
Interest on stocks and bonds, f9,544.52; all other, $195.42, . 9,739 94
Total income, f 171,829 42
Ledger assets, Dec. 31, 1903, 349,817 60
»
Total $521,647 02
VICTORIA FIRE INSURANCE CO. OF NEW YORK. 373
Disbursements.
Net amount paid for fire losses, $ 122,073 88
Commissions or brokerage, 34,593 82
Salaries, fees, etc., of officers and employees, .... 7,620 29
Rents 499 92
Taxes and fees, 3,137 32
All other disbursements, 4,127 06
Total disbursements, $172,052 29
Balance, |349,594 73
Ledger Assets.
Stocks and bonds (Schedule A), $339,292 02
Cash in banks, 63 05
Agents' balances, 10,239 66
Total ledger assets, $349,594 73
Non-Ledger Assets.
Interest accrued : —
On stocks and bonds, $2,910.75 ; other assets, $48.67, . . 2,959 42
Gross assets, $352,554 15
Assets not admitted.
Depreciation in book value of stocks and bonds, . . . 2,015 02
Total admitted assets, $350,539 13
Liabilities.
Unpaid losses, including $1,000 resisted, $17,313.79; less
reinsurance, $300, $17,013 79
Unearned premiums on outstanding risks, .... 90,266 76
All liabilities, except capital and surplus, . . . $107,280 55
Surplus to policy holders, .... $243,258 58
Paid-up capital, 200,000 00
Surplus over capital and general liabilities, .... 43,258 58
Total liabilities, $350,539 13
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Premiums.
$14,763,774 00 $157,534 41
20,300,848 00 211,355 10
$35,064,622 00 $368,889 51
. 18,280,658 00 193,371 26
$16,783,964 00 $175,518 25
. 205,611 00 3,191 66
Net amount in force, . . . . $16,578,353 00 $172,326 59
374
WESTCHESTER FIRE INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Company's stock owned by directors, .
$896,700 00
548,275 00
125,112 00
15,000 00
32,500 00
Schedule A.
Stocks and Bonds owned by the Company.
City of New York bonds, ....
City of Chicago river improvement bonds,
Maine Central R.R. bonds,
Baltimore & Ohio R.R. bonds, .
Beech Creek R.R. stock, .
New York & Harlem R.R. stock,
Illinois Central R.R. stock,
Pennsylvania R.R. stock, .
Baltimore & Ohio R.R. stock, .
Chicago, Mil. & St. Paul stock,
Underwriters' Salvage Corp., .
Book Value.
$209,735 00
21,000 00
15,235 00
28,234 52
10,920 00
20,562 50
10,750 00
12,300 00
5,230 00
4,325 00
1,000 00
Market Value.
$205,125 00
21,200 00
15,000 00
28,650 00
11,872 00
20,000 00
10,300 00
13,800 00
5,730 00
4,600 00
1,000 00
$339,292 02 $337,277 00
"WESTCHESTER FIRE INSURANCE COMPANY,"
NEW YORK, N. Y.
[Incorporated as mutual March 14, 1837. Commenced business as joint-stock Jan. 1, 1870.]
Paid-up Capital, $300,000.
GEO. R. CRAWFORD, President. MORELL O. BROWN, Secretary.
Home Office, 100 William Street.
Income.
Net fire premiums, $2,028,040 52
Interest on mortgage loans, $19,527.91; stocks and bonds,
198,280.73; all other, $2,701.92, 120,510 56
Rents, 1,932 72
Profit on sale or maturity of ledger assets, .... 60,726 84
Total income,
Ledger assets, Dec. 31, 1903, .
. $2,211,210 64
. 3,333,481 80
Total, $5,544,692 44
Disbursements.
Net amount paid for fire losses,
Interest and dividends to stockholders, .
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees, .
Rents,
Repairs and expenses on real estate,
Real estate taxes, $3,482.37 ; other taxes and fees, $55,078.31,
$1,296,085 99
60,000 00
412,389 40
129,596 54
12,092 72
691 40
58,560 68
WESTCHESTER FIRE INSURANCE CO.
375
Profit and loss, .
All other disbursements, .
Total disbursements, .
$19,600 05
222,186 84
1,211,203 62
Balance $3,333,488 82
Ledger Assets.
Real estate, $56,976.17 ; mortgages, $323,200,
Stocks and bonds (Schedule A),
Cash in banks and office,
Agents' balances,
Total ledger assets,
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $3,207 ; stocks and bonds, $21,375, .
Market value of stocks and bonds over book value,
Gross assets,*
Assets not admitted.
Agents 1 balances over three months due, .
Special deposits less $38,408.26 liab. thereon,.
Total unadmitted assets, .
$14,104 01
48,591 74
Total admitted assets,
Liabilities.
Unpaid losses, including $4,800 resisted, $175,614. 54 ; less re-
insurance, $22,265.14,
Unearned premiums on outstanding risks, $1,746,033.77 ; plus
same on disallowed reinsurance, $3,117.75,
Salaries and other miscellaneous expenses, due or accrued,
Due for return premiums, $209.40; reinsurance, $15,260.50
Office furniture,
All liabilities, except capital and surplus,
Surplus to policy holders, .... $1,641,17464
Paid-up capital,
Surplus over capital and general liabilities, .
Total liabilities,
$380,176 17
2,559,145 37
99,962 25
294,205 03
^3,333,488 82
24,582 00
292,504 63
1,650,575 45
62,695 75
5,587,879 70
$153,349 40
1,749,151 52
14,034 24
15,469 90
14,700 00
11,946,705 06
300,000 00
1,341,174 64
^3,587,879 70
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
$361,629,694 00 $3,676,241 98
.252,490,680 00 2,711,390 58
Total
Kisks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
$614,120,374 00 $6,387,632 56
.238,704,473 00 2,531,366 95
$375,415,901 00 $3,856,265 61
. 38,760,570 00 395,413 17
$336,655,331 00 $3,460,852 44
* Including $300,000 special reserve held under New York law.
376
THE WESTERN INSURANCE CO. OF PITTSBURGH.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Stock dividends declared from organization of company
Dividends declared during the year (20 per cent.),
Company's stock owned by directors,
$35,670,621 00
19,819,428 00
1,292,640 00
1,098,000 00
100,000 00
60,000 00
104,000 00
Schedule A.
Stocks and Bonds owned by the Company.
Portland City, Ore., bonds,
Georgia State bonds,
New York City bonds,
Richmond, Va., city bonds,
N. Y. & Harlem R.R. Co. stock,
Albany & Susquehanna R.R. Co. stock,
Rensselaer & Saratoga R.R. Co. stock,
N. Y., Lack. & Western R.R. Co. stock,
Rome, Watertown & Ogden. R R. Co. stock,
Oswego & Syracuse R.R. Co stock,
Syracuse, Binghamton & N. Y. R.R. Co. sUk,
Chicago, Milwaukee & St. Paul R.R. Co. stock
Pennsylvania R.R. Co. stock, .
N. Y. C. & H. R. R.R. Co. stock,
Atchison, Topeka & Santa Fe R.R. Co. stock,
Manhattan R.R. Co. stock,
Chicago & Northwestern R R. Co. stock,
Erie R.R. Co. stock,
Illinois Central R.R. Co. stock,
Union Pacific R.R. Co. stock, .
Southern R.R. Co. stock, ....
Missouri Pacific R.R. Co. stock,
American Telegraph & Telephone Co. stock,
Delaware & Hudson Co. stock,
Chatham National Bank stock,
Westchester & Bronx T. & M. Guar. Co. st'k,
Underwriters 1 Salvage Co. stock,
Book Value.
$61,071 15
11,627
323,539
16,142
122,587
57,550
155,368
75,487
55,662
85,575
82,950
158,225
200,379
158,650
48,937
139,500 00
103,262 50
68,250 00
144,625 00
77,675 00
46,587 50
103,875 00
72,812 50
164,500 00
15,800 00
7,504 47
1,000 00
15
36
30
50
00
23
50
50
60
00
00
61
00
50
Market Vaiue.
§60,000 00
11,000 00
300,000 00
16,000 00
240,000 00
92,000 00
184,500 00
104,000 00
65,000 00
91,000 00
100,000 00
171,750 00
193,500 00
142,000 00
50,500 00
165,000
104,000
75,000
156,500
91,000
48,400 00
107,500 00
73,000 00
185,000 00
16,500 00
7,500 00
1,000 00
00
00
00
00
00
1,559,145 37 $2,851,650 00
"THE WESTERN INSURANCE COMPANY OF PITTSBURGH,"
PITTSBURGH, PA.
[Incorporated March 20, 1S49. Commenced business May 1, 1849.]
Paid-up Capital, $300,000.
JOHN B. JACKSON, President. D. DALLAS HARE, Secretary.
Home Office, 403 Wood Street.
Income.
Net fire premiums, $346,513 40
Interest on mortgage loans, $10,461.16; bonds, $15,511.91 ;
all other, $1,553.72, 27,526 79
THE WESTERN INSURANCE CO. OF PITTSBURGH.
377
Rents,
From all other sources,
$100 00
624 48
Total income,
Ledger assets, Dec. 31, 1903,
$374,764 67
627,802 91
Total, $1,002,567 58
Disbursements.
Net amount paid for fire losses,
Interest and dividends to stockholders, ....
Commissions or brokerage,
Salaries, fees, etc., of officers and employees, .
Rents,
Repairs and expenses on real estate, ....
Real estate taxes, $160.78 ; other taxes and fees, $7,390.84,
Loss on sale or maturity of ledger assets,
All other disbursements,
Total disbursements,
$226,239 23
18,000 00
91,951 48
16,971 49
3,100 00
390 59
7,551 62
912 25
16,524 41
1,641 07
Balance, $620,926 51
Ledger Assets.
Mortgages, $149,800 00
Loans secured by collateral (New York Life Ins. Co. paid-up
policy, $3,000), 1,775 94
Bonds (Schedule A) 350,440 75
Cash in banks and office, 70,019 69
Agents' balances, 44,594 29
Bills receivable, not matured, 66 46
Furniture, fixtures and safes, 1,985 35
All other ledger assets, . . . . . . . 2,244 03
Total ledger assets, $620,926 51
Non-Ledger Assets.
Interest accrued : —
On mortgages, $1,865.78 ; bonds, $2,250.39, .
Market value of bonds over book value, .
4,116 17
8,334 25
Gross assets, $633,376 93
Assets not admitted.
Furniture, fixtures and safes, .
Agents 1 balances over three months due,
Total unadmitted assets, .
Total admitted assets,
$1,985 35
6,599 77
8,585 12
$624,791 81
Liabilities.
Unpaid losses, including $680 resisted, $28,534.03 ; less rein-
surance, $188.61,
Unearned premiums on outstanding risks, $252,608.45 ; plus
same on disallowed reinsurance, $5,622.10, .
Premiums on risks placed,
All liabilities, except capital and surplus,
,345 42
258,230 55
1,388 04
$287,964 01
378
THE WESTERN INSURANCE CO. OF PITTSBURGH.
Surplus to policy holders,
Paid-up capital,
Surplus over capital and general liabilities,
Total liabilities,
$336,827 80
$300,000 00
36,827 80
$624,791 81
Fire risks outstanding Dec. 31, 1903
Fire risks written during 1904,
Risks and Premiums.
Premiums.
. $38,952,394 00 $517,207 24
. 35,828,231 00 438,290 45
Total, ....
Risks expired and terminated,
In force at end of year, .
Amount reinsured, .
Net amount in force, .
. $74,780,625 00 $955,497 69
. 28,990,842 00 437,523 52
. $45,789,783 00 $517,974 17
. 3,554,845 00 38,384 69
. $42,234,938 00 $479,589 48
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Stock dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
$6,129,365 00
3,652,486 CO
222,206
1,061,500
168,750
18,000
49,550
00
00
00
00
00
Schedule A.
Bonds owned by the Company.
Allegheny County, Pa., bonds, .
Wilkinsburg Borough, Pa., bonds, .
Bellevue Borough, Pa., bonds, .
City of Ponce, Porto Rico, bonds,
New Brighton, Pa., school bonds,
Avalon Borough, Pa,, school bonds,
E. McKeesport, Pa., school bonds, .
Ben Avon Borough, Pa., school bonds, .
Connellsville, Pa., Water Co. bonds,
Birmingham, Ala., Water Works Co. bonds,
New Castle, Pa., Water Co. bonds, .
Racine, Wis., Water Co. bonds, . • .
Pennsylvania Water Co. bonds,
Monongahela Valley Water Co. bonds, .
St. Joseph, Mo., Water Co. bonds, .
City Water Co., East St. Louis, 111., bonds,
Pitts. Junction R.R. Co. bonds,
Pitts. & Western R.R. Co. bonds, .
Beaver Valley, Pa., Traction Co. bonds, .
Youngst'n, O., & Shar., Pa., R'y & Lt. Co. b'ds,
Elgin, Aurora, 111., & South. Trac. Co. bonds,
Meadv. & Camb. Sprs., Pa., St. R'y Co. bonds
Peekskill Ltg. & R.R. Co., N. Y., bonds, .
Hudson River Electric Co. bonds, .
00
00
00
00
00
00
00
00
00
Book Value.
$20,000 00
30,000 00
2,000
11,197
1,000
500
2,000
4,000
4,100
15,000
9,360
5,000 00
10,850 00
11,220 00
10,000 00
5,000 00
4,800 00
7,763 75
8,200 00
20,000 00
10,000 00
9,750 00
9,800 00
14,775 00
Market Value.
$20,000 00
32,100 00
2,045 00
12,000
1,007
500
2,125
4,260
4,100
15,000
9,360
5,000
10,800
11,220
10,000 00
5,000 00
5,225 00
10,000 00
8,320 00
20,000 00
10,000 00
9,750 00
10,000 00
15,000 00
00
50
00
00
00
00
00
00
00
00
00
WHAT CHEER MUTUAL FIEE INSURANCE CO.
379
Marquette & Bessemer Dock Nav. Co. bonds,
Pitts. & Allegheny, Pa., Bridge Co. bonds,
Jack's Run Bridge Co., Pa., bonds, .
German Evang. Protest. Church bonds,
Carbon Iron Co., Pa., bonds,
Duquesne Club, Pitts., Pa., bonds, .
Clairton Steel Co., Pitts., Pa., bonds,
Suburban Gas Co., Phila., Pa , bonds,
Pittsburg Coal Co. bonds,
Ellsworth Coal Co. bonds,
Book Value.
$15,000 00
15,000 00
4,000 00
10,500 00
11,000 00
15,375 00
9,750 00
10,000 00
10,000 00
23,500 00
Market Value.
$15,000 00
15,862 50
4,380 00
10,595 00
11,000 00
15,375 00
10,000 00
10,000 00
10,250 00
23,500 00
|350,440 75 $358,775 00
"WHAT CHEER MUTUAL FIRE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated May, 1873. Commenced business Jan. 1, 1874.]
ROWLAND G. HAZARD, President. A. T. VIGNERON, Assistant Secretary.
Home Office, 10 Weybosset Street.
Income.
Net premiums, $319,424.30 ; extra premiums, $911.41,
Interest on stocks, $8,696.67 ; all other, $3,610.68,
Profit on sale or maturity of ledger assets,
$320,335 71
12,307 35
375 00
Total income, $333,018 06
Ledger assets, Dec. 31, 1903, 308,815 95
Total, .
$641,834 01
Disbursements.
Net amount paid for losses, $26,148 40
Profits on terminated policies, 262,758 85
Salaries, fees, etc., of officers and employees, .... 13,367 17
Rents, 922 20
Taxes and fees, 6,127 91
Premiums paid in advance, 2,206 56
Inspections, .6,025 29
All other disbursements, 1,684 63
Total disbursements, $319,241 01
Balance, , $322,593 00
Ledger Assets.
Stocks (Schedule A), $202,242 08
Cash in banks and oflBce, 37,652 98
Premiums in course of collection, 9,603 77
Cash loans, 73,094 17
Total ledger assets, $322,593 00
380
WHAT CHEER MUTUAL FIKE INSURANCE CO.
Non-Ledger Assets.
Interest due and accrued : —
On stocks, §1,029.17 ; other assets, $985.92, .
Market value of stocks over book value, .
Gross assets,
$2,015 09
11,232 92
$335,841 01
Liabilities.
Unpaid losses $728 87
Unearned premiums on outstanding risks, .... 159,207 19
Salaries and other miscellaneous expenses, due or accrued, . 5,892 87
All liabilities, except surplus, $165,828 93
Surplus, 170,012 08
Total liabilities, $335,841 01
Risks and Premiums.
Amount. Cash Prem's. Conling't Prem's.
Risks outstanding Dec. 31, 1903, $33,720,283 00 $298,464 50 $1,492,322 50
Risks written during 1904, . 38,307,640 00 336,475 49 1,682,377 45
Total $72,027,923 00 $634,939 99 $3,174,699 95
Risks expired and terminated, . 37,011,779 00 316,525 60 1,582,628 00
In force at end of year,
.$35,016,144 00 $318,414 39 $1,592,071 95
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1904, 87.69 per cent.
$21,554 00
Schedule A.
Stocks owned by the Company,
50 shar
200
t.
100
u
100
K
50
M
500
U
200
It
50
H
150
II
100
II
100
II
50
II
50
U
50
II
75
11
es Old Colony R.R. Co.,
Illinois Central R.R. Co.,
Cleveland & Pittsburg R.R. Co.,
N. Y., Lack. & Western R'y Co.,
Albany & Susquehanna R.R. Co.,
Pennsylvania R.R. Co., .
Rensselaer & Saratoga R.R. Co.,
Upper Coos R R. Co.,
Pitts., Bess. & L. Erie R.R. Co.,
Hereford R'y Co., .
Manhattan R'y Co , .
X. Y. Cent. & Hud. R. R.R. Co.,
Oswego & Syracuse R.R. Co.,
Union Pacific R.R. Co., .
Pitts., Ft. Wayne & Chic. R.R. Co.
Book Value.
$8,931 00
21,050 00
9,487 50
13,300 00
10,500 00
31,587 33
41,800 00
7,511 25
5,531 25
10,250 00
13,675 00
5,818
5,800
3,525
13,475
75
00
00
00
Market Value.
$10,250 00
21,000 00
9,250 00
13,500 00
11,750 00
34,500 00
42,200 00
7,000 00
5,400 00
9,800 00
16,500 00
7,100 00
5,800 00
5,700 00
13,725 00
$202,242 08 $213,475 00
WILLIAMSBURGH CITY FIRE INSURANCE CO. 381
" WILLIAMSBURGH CITY FIRE INSURANCE COMPANY, 1 '.
BROOKLYN, N. Y.
[Incorporated March, 1853. Commenced business March, 1853.]
Paid-up Capital, $250,000.
MARSHALL S. DRIGGS. President. FRED'K H. WAY, Secretary.
Home Office, 13 Broadway.
Income.
Net tire premiums $1,148,288 10
Interest on mortgage loans, $12, 199. 17 ; collaterals, $1,89 1.43 ;
stocks and bonds, $44,050.89; all other, f 72 1.40, . . 58,862 89
Rents, including company's own occupancy, .... 55,278 44
Profit on sale or maturity of ledger assets, .... 60,499 25
Total income, $1,322,928 68
Ledger assets, Dec. 31, 1903, 2,426,273 00
Total, $3,749,201 68
Disbursements.
Net amount paid for fire losses $695,090 76
Interest and dividends to stockholders, 75,000 00
Commissions or brokerage, 272,618 34
Salaries, fees, etc., of officers and employees, .... 92,854 91
Rents, including company's own occupancy, .... 17,000 00
Repairs and expenses on real estate, 15,820 80
Real estate taxes, $10,866. 72; other taxes and fees, $19,835.09, 30,701 81
All other disbursements, 56,454 46
Total disbursements, $1,255,54108
Balance, $2,493,660 60
Ledger Assets.
Real estate, $672,929.76 ; mortgages, $237,100,
Loans secured by collateral (Schedule A),
Stocks and bonds (Schedule B), .
Cash in banks and office,
Agents' balances,
$910,029 76
35,250 00
1,237,895 01
162,888 82
147,597 01
Total ledger assets, $2,493,660 60
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $1,422.70; stocks and bonds, $5,135; col-
lateral loans, $146.87 ; other assets, $2,772, . . . 9,476 57
Rents due on company's property, 6,857 28
Market value of stocks and bonds over book value, . . 77,149 99
Gross assets,* $2,587,144 44
* Including $280,000 special reserve held under New York law.
382
WILLIAMSBURGH CITY FIRE INSURANCE CO.
Assets not admitted.
Agents' balances over three months due,
Special deposits Jess $23,049.63 liab. thereon,
Total unadmitted assets, ,
Total admitted assets,
$695 18
1,450 37
1,145 55
12,584,998 89
Liabilities.
Unpaid losses, including $9,650 resisted, $106,193.62; less
reinsurance, $14,723.70, $91.469 92
Unearned premiums on outstanding risks, f 936,664. 49 ; plus
same on disallowed reinsurance, $6,639.72, . . . 943,304 21
Salaries and other miscellaneous expenses, due or accrued, . 6,708 73
Due for reinsurance premiums, 4,972 76
All liabilities, except capital and surplus, . . . $1,046,455 62
Surplus to policy holders, .... $1,538,54327
Paid-up capital 250,000 00
Surplus over capital and general liabilities, .... 1,288,543 27
<
Total liabilities, $2,584,998 89
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
$186,401,426 00 $1,859,655 99
. 134,191,172 00 1,445,950 05
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
$320,592,598 00 $3,305,606 04
. 122,348,427 00 1,318,868 83
$198,244,171 00 $1,986,737 21
. 15,763,394 00 180,757 04
$182,480,777 00 $1,805,980 17
Miscellaneous.
Premiums received from organization of companv,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (30 per cent.),
Company's stock owned by directors, ....
$21,914,281 00
11,298,483 00
704,878 00
1,992,500 00
75,000 00
52,400 00
Schedule A.
Securities held as Collateral,
93 shares Williams. Tr. Co., Brooklyn, N. Y.,
72 " National Surety Co. of N. Y.,
50 " Nassau Oil Co., ....
560 " United States Steel Co., .
340 •• United States Steel Co., .
Market Value.
$22,320 00"
7,200 00
3,000 00
20,400 00'
12,600 00
Loaned Thereon .
$18,250 00
10,000 00
7,000 00
$65,520 00 $35,250 00
WILLIAMSBURG H CITY FIRE INSURANCE CO.
383
Schedule B.
Stocks and Bonds owned by the Company.
Richmond, Va., bonds, ....
State of Georgia bonds, ....
Brooklyn Union Gas Co. bonds,
New York City bonds, ....
American Malting Co. bonds, .
First National Bank of Brooklyn stock, .
Brooklyn Union Gas Co. stock,
Kings County Trust Co. stock,
Union Ferry Co. stock, ....
Chicago, Milwaukee & St. Paul R.R. stock,
Consolidated Gas Co. of N. Y. stock,
Williamsburgh Trust Co. stock,
Illinois Central R.R. Co. stock,
New York Air Brake Co. stock,
Pressed Steel Car Co. stock,
Interborough Rapid Transit Co. stock,
Union Pacific R.R. Co stock, .
Southern R'y Co. stock, ....
Canadian Pacific R'y Co. stock,
00
80
11
00
50
Book Value.
$13,841 25
11,800
14,648
100,830
19,950
72,524
60,538 85
18,115 00
52,100 00
118,512 50
159,500 00
27,000 00
109,346 50
97,637
32,312
82,025
65,675
48,562
132,975
50
50
00
00
50
00
00
00
00
00
Market Value.
$13,500 00
11,000
28,670
96,925
21,000
88,000 00
102,500 00
40,500 00
24,650 00
119,700 00
156,000 00
43,200 00
124,800
94,800
19,500
82,000
67,800
48,500
132,000
00
00
00
00
00
00
00
$1,237,895 01 $1,315,045 00
384
AGGREGATE.
AGGREGATE.
Capital Stock.
Capital actually paid up in cash, .
Scrip outstanding, .
Admitted assets,
Liabilities,
Assets.
Liabilities.
Income.
Cash actually received for tire premiums, .
for marine and inland premiums, .
for interest and dividends from all sources,
from all other sources,
Total income,
Disbursements.
Cash actually paid during the year for fire losses,
for marine and inland losses, .
for dividends to stockholders, ....
for dividends to policy holders (mutual companies),
for redemption of scrip,
for interest to scrip holders, ....
for brokerage and commissions on premiums, .
for salaries and pay of officers and employees, .
for State and local taxes,
for office, agency and incidental expenses, .
Total disbursements, . . .
Miscellaneous
Fire risks outstanding at end of year, .
Marine and inland risks outstanding, .
Cash dividends declared during the year,
Fire losses incurred during the year, .
Marine losses incurred during the year,
$49,602,875
7,677,080
$293,319,019
$144,055,476
$142,006,880
8,136,962
9,820,991
4,793,129
$164,757,962
$82,625,133
3,785,225
7,040,503
4,807,340
942,041
442,134
29,962,006
9,282,617
3,982,930
11,548,151
$154,418,080
19,949,423,443
235,817,486
7,094,977
83,134,202
4,996,477
AACHEN AND MUNICH FIRE INSURANCE CO.
385
UNITED STATES BRANCHES OF FOREIGN FIRE AND
MARINE INSURANCE COMPANIES.
UNITED STATES BRANCH OF THE "AACHEN AND MUNICH FIRE
INSURANCE COMPANY," AIX-LA-CHAPELLE, GERMANY.
Deposit Capital, $200,000.
JOSEPH A. KELSEY, United States Manager.
Office, 46 Cedar Street, Neiu York, N. Y.
Income.
Net fire premiums, $984,146 42
Interest on bonds, $31,365; all other, $2,691.82, . . . 34,056 82
Profit on sale or maturity of ledger assets, .... 1,937 50
Received from home office, 184,513 41
Total income, .
Ledger assets, Dec. 31, 1903,
Total, .
Disbursements
Net amount paid for fire losses,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents,
Taxes and fees,
Remitted to home office, ....
All other disbursements, ....
Total disbursements, ....
Balance,
Ledger Assets
Bonds (Schedule A),
Cash in banks and office, .
Agents 1 balances,
Bills receivable, not matured, .
Reinsurance due on losses paid,
Total ledger assets, .
Non-Ledger Assets.
Market value of bonds over book value, .
Gross assets,
51,204,654 15
1,109,490 40
52,314,144 5$.
$634,895 04
206,070 57
79,000 91
7,003 89
27,470 94
13,768 74
61,695 08
$1,029,905 17
$1,284,239 38
$1,001,526 75
129,968 85
151,012 63
1,176 10
555 05
$1,284,239 38
2,573 25
$1,286,812 63
386
AACHEN AND MUNICH FIRE INSURANCE CO.
Assets not admitted.
Cash not in control of trustees, . . . $66,072 85
Agents 1 balances over three months due, . 3,915 57
Special deposits less $25,622.92 liab. thereon, 50,377 08
Reinsurance due on losses paid, . . . 307 10
Total unadmitted assets, .... —
Total admitted assets,
$120,672 60
$1,166,140 03
Liabilities.
Unpaid losses, including $14,238.74 resisted, $87,767.87;
less reinsurance, $2,033.75,
Unearned premiums on outstanding risks, $711,866.76 ; plus
same on disallowed reinsurance, $1.25, . . . .
Commissions and other charges due agents and brokers,
Due for reinsurance premiums,
All liabilities, except capital and surplus,
Surplus to policy holders, . . .
Deposit capital,
Surplus over capital and general liabilities, .
$363,607 42
$85,734 12
711,868 01
4,136 98
793 50
$802,532 61
200,000 00
163,607 42
Total liabilities, $1,166,140 03
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
. $96,616,682 00 $1,268,260 92
. 100,456,193 00 1,318,103 79
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
$197,072,875 00 $2,586,364 71
. 81,341,026 00 1,120,053 29
$115,731,849 00 $1,466,311 42
. 10,018,403 00 126,433 30
$105,713,446 00 $1,339,878 12
Miscellaneous.
Fire losses incurred during the year,
$639,806 00
Schedule A.
Bonds owned by the Company.
United States bonds, ....
Consolidated stock of the city of N. Y. bonds
State of N. Y. canal improvement bonds,
State of Massachusetts bonds, .
Atchison, Topeka & Santa F6 R R. Co. bonds
Chic, Rock Island & Pacific R.R. Co. bonds,
Northern Pacific R.R. Co. bonds,
Union Pacific R.R. Co. bonds, .
Baltimore & Ohio R.R. Co. bonds, .
Book Value.
$70,687 50
246,207 50
105,000 00
100,125 00
48,835 00
48,421 25
86,937 50
70,093 75
18,200 00
Market Value.
$76,000 00
232,320 00
101,000 00
97,000 00
52,000 00
50,800 00
91,000 00
76,300 00
18,600 00
ALLIANCE ASSURANCE CO. LIMITED.
387
Louisville & Nashville R.R. Co. bonds,
Kansas City Southern R.R. Co. bonds,
Seaboard Air Line R'y bonds, .
Oregon Short Line R.R. bonds,
Atlantic Coast Line R.R. bonds,
Central Pacific R'y Co. bonds, .
Norfolk & Western R'y Co. bonds,
Southern R'} T Co. bonds, .
Book Value.
$8,925 00
73,281 25
21,261 75
•23,656 25
19,825 00
20,375 00
20,325 00
19,370 00
Market Value.
$8,880 00
72,000 00
22,500 00
24,500 00
20,400 00
20,600 00
20,200 00
20,000 00
§1,001,526 75 $1,004,100 00
UNITED STATES BRANCH OF THE "ALLIANCE ASSURANCE
COMPANY LIMITED," LONDON, ENGLAND.
Deposit Capital, $200,000.
WEED & KENNEDY, United States Managers.
Office, 29-31 Liberty Street, New York, N. Y.
Income.
Net fire premiums,
Interest on bonds, $20,644.88 ; all other, $664.54,
Rents, including company's own occupancy, .
-Received from home office, ....
Total income,
Ledger assets, Dec. 31, 1903, ....
Total,
$471,034 17
21,309 42
14,572 65
445,135 23
$952,051 47
922,352 07
$1,874,403 54
Disbursements
Net amount paid for fire losses,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents, including company's own occupancy,
Repairs and expenses on real estate,
Real estate taxes, $1,621.08 ; other taxes and fees,
Loss on sale or maturity of ledger assets,
Remitted to home office, . . . .
All other disbursements,
,448.55,
$190,694
43
114,457
44
16,314
26
1,766
15
3,876
19
9,069
63
4,428
13
491,017
91
16,094
16
Total disbursements, $847,718 30
Balance,
$1,026,685 24
Ledger Assets
Real estate, $159,675.61 ; mortgages, $7,000,
Bonds (Schedule A),
Cash in banks and office, ....
Agents' balances,
Bills receivable, not matured, .
Total ledger assets, ....
$166,675 61
692,184 53
67,557 11
100,106 84
161 15
$1,026,685 24
ALLIANCE ASSURANCE CO. LIMITED.
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, £317.40 ; bonds, $6,341.66, .
Rents due on company's property, .
Gross assets,
$6,659 06
500 00
. $1,033,844 30
Assets not admitted.
Cash not in control of trustees,
Mortgages and inter't not in control of trustees,
Agents' balances over three months due,
Special deposits less $13,433.56 liab. thereon,
Depreciation in book value of bonds,
Total unadmitted assets, ....
§64,953 70
7,317 40
4,611 57
42,094 94
26,406 03
Total admitted assets,
145,383 64
$888,460 66
Liabilities.
Unpaid losses, including $250 resisted, $23,128.94 ; less rein-
surance, $5,328.12,
Unearned premiums on outstanding risks, ....
Salaries and other miscellaneous expenses, due or accrued, .
Commissions and other charges due agents and brokers,
Due for return premiums, $17,421. 41 ; reinsurance, $9,496.18,
$17,800 82
303,774 64
4,863 33
6,905 82
26,917 59
$360,262 20
200,000 00
328,198 46
Total liabilities, $888,460 66
All liabilities, except capital and surplus,
Surplus to policy holders, .
Deposit capital
Surplus over capital and general liabilities, .
$528,198 46
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
. $38,724,666 00
. 52,756,789 00
. $91,481,455 00
. 41,786,512 00
. $49,694,943 00
. 5,146,327 00
Premiums.
§492,807 42
649,036 22
$1,141,843 64
532,090 52
$609,753 12
55,756 81
.$44,548,616 00 $553,996 31
Miscellaneous.
Fire losses incurred during the year,
Schedule A.
Bonds owned by the Company.
Consolidated stock of the city of N. Y. bonds,
City of Portland, Ore., bonds, .
Corporate stock, city of New York, bonds,
City of Boston bonds, ....
County of Essex bonds, ....
Book Value.
5325,429 11
55,668 75
104,000 00
103,466 67
103,620 00
$187,574 00
Market Value.
$304,875 00
55,528 50
103,000 00
101,375 00
101,000 00
$692,184 53 $665,778 50
ATLAS ASSURANCE CO. LIMITED. 389
UNITED STATES BRANCH OF THE "ATLAS ASSURANCE
COMPANY LIMITED," LONDON, ENGLAND.
Deposit Capital, $200,000.
FRANK LOCK, United States Manager.
Office, 49 Wall Street, New York, N. Y.
Income.
Net fire premiums, $1,378,229 56
Interest on stocks and bonds, $45,419.57 ; all other, $703.65, 46,123 22
Received from home office, 555,779 29
Total income, $1,980,132 07
Ledger assets, Dec. 31, 1903, 1,283,145 49
Total, $3,263,277 56
Disbursements.
Net amount paid for fire losses, $664,981 96
Commissions or brokerage, 282,555 39
Salaries, fees, etc., of officers and employees, .... 81,041 16
Rents, 7,504 58
Taxes and fees, 32,023 32
Remitted to home office, 309,170 47
All other disbursements, 79,427 86
Total disbursements, $1,456,704 74
Balance, $1,806,572 82
Ledger Assets.
Stocks and bonds (Schedule A), $1,387,636 25
Cash in banks and office, 160,871 20
Agents' balances, 232,337 18
Bills receivable, not matured, 25,728 19
Total ledger assets, $1,806,572 82
Non-Ledger Assets.
Interest accrued on bonds, 12,458 31
Gross assets, $1,819,031 13
Assets not admitted.
Cash not in control of trustees, . . . $25,871 20
Agents' balances over three months due, . . 857 60
Special deposits less $31,513.27 liab. thereon, . 96,984 23
Depreciation in book value of stocks and bonds, 15,468 75
Total unadmitted assets 139,181 78
Total admitted assets, $1,679,849 35
390
ATLAS ASSURANCE CO. LIMITED.
Liabilities.
Unpaid losses, including $3,149.07 resisted, $121,374.30 ; less
reinsurance, $9,479.36 $111,894 94
Unearned premiums on outstanding risks, $898,309.08 ; plus
same on disallowed reinsurance, f 6,671. 12, . . . . 904,980 20
Due for reinsurance premiums, 4,429 28
All liabilities, except capital and surplus, . . .$1,021,304 42
Surplus to policy holders, .... $658,544 93
Deposit capital, 200,000 00
Surplus over capital and general liabilities, .... 458,544 93
Total liabilities, . . . . ' $1,679,849 35
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904, . .
Risks and Premiums.
Premiums.
$110,411,091 00 $1,368,063 80
. 142,753,612 00 1,768,493 31
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
$253,164,703 00 $3,136,557 11
. 96,486,076 00 1,319,077 70
$156,678,627 00 $1,817,479 41
. 11,174,921 00 126,199 53
$145,503,706 00 $1,691,279 88
Miscellaneous.
Fire losses incurred during the year,
. $708,897 00
Schedule A.
Stocks and Bonds owned by the Company.
United States bonds, .
New York City bonds,
United States bonds, .
Portland, Ore., bonds,
Virginia century bonds,
New Mexico bonds, .
City of Louisville bonds,
City of St. Louis bonds,
State of Massachusetts bonds,
United States bonds, .
Boston & Maine R R. bonds,
Chicago, Mil. & St. Paul bonds,
Chicago & Northwestern R'y bonqls,
Chic, Rock Island & Pacific R'y Co. bonds,
Illinois Central R.R. bonds,
N. Y. Cent. & Hudson River R.R.. Co. bonds,
New York & Putnam R.R. Co. bonds;
Pennsylvania R.R. Co. bonds, .
Consolidated Gas Co. of N. Y. City stock,
Book Value.
$10,650 00
154,875 00
150,000 00
60,875 00
49,437 50
10,000 00
50,000 00
15,000 00
50,000 00
62,550 00
25,000 00
268,687 50
156,625 00
25,041
74,145
101,650
25,000
25,000 00
73,100 00
25
00
00
00
00
00
50
00
50
Market Value.
$10,475 00
156,000 00
156,375 00
58,500
48,625
10,897
51,375
15,712
51,750 00
62,550 00
29,500 00
263,750 00
148,875 00
24,035 00
70,530 00
95,000 00
25,625 00
25,187 50
67,405 00
$1,387,636 25 $1,372,167 50
THE BRITISH AMERICA ASSURANCE CO. 391
UNITED STATES BRANCH OF "THE BRITISH AMERICA
ASSURANCE COMPANY," TORONTO, CANADA.
Deposit Capital, $200,000.
FREDERICK B. CARPENTER, Attorney.
Office, 92 Water Street, Boston.
Income.
Net fire premiums, $1,286,399.36; marine, $225,629.62, . $ 1,512,028 98
Interest on stocks and bonds, 38,948 35
Received from home office, 24,604 79
Total income, . . . . • $1,575,582 12
Ledger assets, Dec. 31, 1903, 1,442,529 05
Total, $3,018,111 17
Disbursements.
Net amount paid for fire losses, $892,108.09 ; marine, $170-
871.28, $1,062,979 37
Commissions or brokerage, 283,314 18
Salaries, fees, etc., of officers and employees, .... 66,315 65
Taxes and fees, 47,136 80
Loss on sale or maturity of ledger assets, .... 3,631 25
All other disbursements, 114,069 72
Total disbursements, $1,577,446 97
Balance $1,440,664 20
Ledger Assets.
Stocks and bonds (Schedule A), $1,230,627 56
Cash in banks, 82,822 91
Agents' balances 127,213 73
Total ledger assets, $1,440,664 20
Non-Ledger Assets.
Interest due and accrued on bonds, 10,308 70
Gross assets, $1,450,972 90
Assets not admitted.
Cash not in control of trustees, . . . $2,381 05
Agents 1 balances over three months due, . 758 61
Special deposits less $103,500.71 liab. thereon, 60,972 51
Depreciation in book value of bonds, . . 21,603 54
Total unadmitted assets, .... 85,715 71
Total admitted assets, $1,365,257 19
392
THE BRITISH AMERICA ASSURANCE CO.
Liabilities.
Unpaid losses, including $7,997.23 resisted, .
Unearned premiums on outstanding risks,
All liabilities, except capital and surplus,
Surplus to policy holders, .
Deposit capital, . . . .
Surplus over capital and general liabilities, .
$296,060 71
$94,727 76
974,468 72
$1,069,196 48
200,000 00
96,060 71
Total liabilities, $1,365,257 19
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
Marine risks outstanding Dec. 31, 1903,
Marine risks written during 1904, .
Total,
Risks expired and terminated, .
In force at end of year,
Risks and Premiums.
Premiums.
$127,464,930 00 $1,669,631 52
130,407,244 00 1,690,907 73
$257,872,174 00 $3,360,539 25
. 114,847,974 00 1,535,006 16
$143,024,200 00 $1,825,533 09
. 8,775,941 00 99,446 47
$134,248,259 00 $1,726,086 62
. $3,436,908 00
. 31,375,550 00
.$34,812,458 00
. 32,07.5,206 00
$82,828 06
262,279 65
$345,107 71
262,345 36
. $2,737,252 00 $82,762 35
Miscellaneous.
Fire losses incurred during the year, .
Marine and inland losses incurred during the year,
$886,917 00
170,004 00
Schedule A.
Stocks and Bonds owned by (he Company.
City' of New York Corporation stock,
United States bonds,
Georgia State bonds,
New Mexico territorial bonds,.
City of London, Can., bonds, .
City of Winnipeg, Can., bonds,
City of Kingston, Can., bonds, .
City of Richmond, Va., bonds, .
City of Toledo, Ohio, bonds,
City of Riverside, Cal., bonds, .
City of Brooklyn, N. Y., bonds,
City of Colorado Springs, Col., bonds,
City of Los Angeles, Cal., bonds,
X. Y. & West Shore R'y bonds,
Canadian Northern R'y Co. bonds, .
Baltimore & Ohio R.R. Co. bonds, .
Book Value.
$182,537 50
104,750 00
12,200 00
11,337 50
159,744
22,236
22,860
27,321
11,562
27,937, 50
33,225 00
26,500 00
111,881 00
13,470 00
191,000 00
49,750 00
00
00
00
06
00
Market Value.
$172,635 00
104,500 00
11,400 00
11.368
150,000
21,058
20,952
27,965
10,926
28,917
30,573
26,322 50
113,740 00
13,260 00
190,550 00
51,000 00
00
00
00
00
22
00
50
00
BRITISH AND FOREIGN MARINE INSURANCE CO. (LIMITED). 393
Book Value. Market Value.
Rochester Electric R'y Co. bonds, . . . $26,750 00 $27,750 00
Toronto Electric Light Co. bonds, . . . 20,606 00 20,200 00
Central Canada Loan & Savings Co. bonds, . 115,000 00 115,000 00
Toronto Savings & Loan Co. debenture bonds, 50,000 00 50,000 00
Canada Permanent Mortgage Corp. stock, . 9,960 00 10,906 80
$1,230,627 56 $1,209,024 02
UNITED STATES BRANCH OF THE "BRITISH AND FOREIGN
MARINE INSURANCE COMPANY (LIMITED)," LIVERPOOL,
ENGLAND.
Deposit Capital, $300,000.
W. L. H. SIMPSON, United States Manager.
Office, Cotton Exchange Building, Neiv York, N. Y.
Income.
Net marine premiums, $717,360 52
Interest on stocks and bonds, 42,743 55
Received from home office, 345,301 65
Total income, $1,105,405 72
Ledger assets, Dec. 31, 1903, 1,449,034 68
Totai, '. 12,554,440 40
Disbursements.
Net amount paid for marine losses, $206,739 29
Commissions or brokerage, 97,674 01
Salaries, fees, etc., of officers and employees, .... 48,662 55
Rents 7,000 04
Taxes and fees, . . . t . 23,317 47
Loss on sale or maturity of ledger assets, .... 215,633 85
Remitted to home office, 644,756 06
All other disbursements, 43,378 69
Total disbursements, . $1,287,161 96
Balance, $1,267,278 44
Ledger Assets.
Mortgages, $17,500 00
Stocks and bonds (Schedule A), 988,678 85
Cash in banks, 25,093 49
Agents' balances, 236,006 10
Total ledger assets, $1,267,278 44
Non-Ledger Assets.
Interest accrued : —
On mortgages, $437.50; bonds, $12,313.54 12,75104
Market value of stocks and bonds over book value, . . 40,817 81
Reinsurance due on losses paid, 21,806 72
Gross assets, $1,342,654 01
BRITISH AM) FOREIGN MARINE INSURANCE CO. (LIMITED).
Assets not admitted.
Cash not Id control of trustees, . . . $25,093 49
its' balance.- over three months due, . 9,035 96
cial deposits less $2,566.13 liab. thereon. . 53,718 87
Agents 1 balances in excess of unearned prem's, 96,352 10
Reinsurance due on losses paid, . . 20,034 95
Total unadmitted assets, ....
Total admitted assets,
$204,235 37
$1,138,418 64
Liabilities.
Unpaid losses, including 821,574.10 resisted, $381,612.39 ; less
reinsurance, §202,005.44,
Unearned premiums on outstanding risks, $130,618.04; plus
same on disallowed reinsurance, 8244,828.64,
Salaries and other miscellaneous expenses, due or accrued, .
Commissions and other charges due agents and brokers,
Due for reinsurance premiums,
All liabilities, except capital and surplus,
Surplus to policy holders, .
Deposit capital, .......
Surplus over capital and general liabilities. .
Total liabilities,
$471,080 09
£179,606 95
375,446 68
2,875 65
29.432 04
79,977 23
£667,338 bb
300,000 00
171,080 09
. $1,138,418 64
Marine risks outstanding Dec. 31, 1903,
Marine risks written during 1904, .
Risks and Premiums.
Premiums.
. 820,641,994 00 8262,398 20
. 630,374,860 00 1,724,948 62
Total.
Bisks expired and terminated. .
In force at end of year,
Amount reinsured, .
Net amount in force, .
8651,016.854 00 £1,987,346 82
.630,909,065 00 1,729,604 83
. 820,107,789 00 £257.741 99
. 10,320,412 00 127,123 95
Miscellaneous.
Marine losses incurred during the year, .
. 80,787,377 00 £130,618 04
. £140,605 00
n & Lowell R.R. bonds,
Fitchbarg R.R. bonds,
Old Colony Railroad bond-,
Boston, Clinton, Fitchb. £ Xew
X.w England R.R. bonds.
- toil ft Maine R.R. bonds.
Old Colony R.R. bonds. .
Eastern R R. coupon bonds.
ite of Massachusetts bonds,
Schedule A.
)?ids owned by the Company.
Book Value.
Market Value.
.387 00
£100,000 00
. . . .
29,801 52
30,000 00
....
51,763 86
52,000 00
T B. R.R. bonds,
2 ."84 94
2,160 00
....
60,920 10
65,000 00
. . .
12.603 01
13,160 00
.
26,183 25
26,500 00
. .
23,216 22
23,524 99
.
12,840 12
12,480 00
CALEDONIAN INSURANCE CO.
395
City of Brooklyn bonds, .
City of New York bonds, .
District of Columbia bonds,
City of Portland bonds,
Pennsylvania R.R. Co. bonds, -
Chicago, Milwaukee & St. Paul R.R. bonds,
Lehigh Valley R.R. bonds,
Pitts., Ft. Wayne & Chicago R.R. stock, .
Illinois Central R.R. (leased lines) stock,
Cleveland & Pittsburg R.R. stock, .
Book Value.
Market Value.
$43,244 28
$42,367 50
175,480 02
172,925 00
120,479 40
118,979 17
38,016 92
38,347 50
38,256 42
40,560 00
53,887 68
63,800 00
36,134 10
38,150 00
123,131 08
141,710 00
1,595 00
1,582 50
39,653 93
46,250 00
$988,678 85 $1,029,496 66
UNITED STATES BRANCH OF THE " CALEDONIAN INSURANCE
COMPANY," EDINBURGH, SCOTLAND.
Deposit Capital, $200,000.
CHARLES H. POST, United States Manager.
Office, 50-52 Pine Street, New York, N. Y.
Income.
Net fire premiums, . . .......
Interest on stocks and bonds, ....
Rents, including company's own occupancy, .
Total income,
Ledger assets, Dec. 31, 1903, .
Total,
$1,311,739 44
45,811 15
45,003 28
$1,402,553 87
1,723,324 82
$3,125,878 69
Disbursements.
Net amount paid for fire losses,
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees, .
Rents, including company's own occupancy, .
Repairs and expenses on real estate, .
Real estate taxes, $4,871.08 ; other taxes and fees,
Loss on sale or maturity of ledger assets,
Remitted to home office,
All other disbursements,
Total disbursements,
Balance,
11,216.36,
$815,356
299,056
81,405
7,594
17,153
36,087
487
20,727
57,471
62
43
32
93
39
44
73
00
49
$1,335,340 35
$1,790,538 34
Ledger Assets
Real estate, ....
Stocks and bonds (Schedule A),
Cash in banks and office, .
Agents' balances,
Bills receivable, not matured, .
All other ledger assets,
$434,555
1,008,052
150,111
191,031
366
6,420
66
67
43
93
11
54
Total ledger assets, $1,790,538 34
396 CALEDONIAN INSURANCE CO.
Non-Ledger Assets.
Interest due and accrued on bonds, $10,795 82
Market value of stocks and bonds over book value, . . 16,197 33
All other, 8,505 23
Gross assets, $1,826,036 72
Assets not admitted.
Cash not in control of trustees, . . . $ 90,1 11 43
Agents' balances over three months due, . 3,419 00
Special deposits less f 33,837. 56 liab. thereon, . 61,762 44
Total unadmitted assets, .... 155,292 87
Total admitted assets, $1,670,743 85
Liabilities.
Unpaid losses, including $6,005 . 97 resisted, $127,737 . 31 ; less
reinsurance, $14,288.82, $113,448 49
Unearned premiums on outstanding risks, f 999, 189. 83; plus
same on disallowed reinsurance, $4,695.57, . . . . 1,003,885 40
Due for reinsurance premiums, 37,304 27
Contingent liability, 10,000 00
All liabilities, except capital and surplus, . . . $1,164,638 16
Surplus to policv holders, .... $506,105 69
Deposit capital, 200,000 00
Surplus over capital and general liabilities, .... 306,105 69
Total liabilities, $1,670,743 85
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Premiums.
$185,921,643 00 $1,960,659 13
. 154,551,050 00 1,782,206 52
$340,472,693 00 $3,742,865 65
. 139,010,080 00 1,545,551 27
$201,462,613 00 $2,197,314 38
. 25,516,890 00 298,920 25
Net amount in force, .... $175,945,723 00 $1,898,394 13
Miscellaneous.
Fire losses incurred during the year, $813,543 00
Schedule A.
Stocks and Bonds owned by the Company.
Book Value. Market Value.
United States government bonds, . . . $118,107 17 $105,000 00
New York City bonds, 109,250 00 102,500 00
Portland, Ore , bonds 57,284 47 58,500 00
City of Richmond, Va., bonds, .... 24,825 25 26,750 00
COLOGNE REINSURANCE CO. 397
State of Georgia bonds, ....
New York City bonds, ....
New York State bonds, ....
Richmond & Petersburg R.R. Co. bonds,
St. Paul, Minn. & Manitoba R.R. Co. bonds,
Chicago, Mil. & St. Paul R.R. Co. bonds,
Chicago, Rock Island & Pacific R.R. Co. bonds
Central Union Gas Co. of New York bonds,
Brooklyn Union Gas Co. bonds,
Chicago, Milwaukee & St. Paul R.R. Co. stock
Consolidated Gas Co. of N. Y. stock,
Manhattan R'y Co. stock, . . .
Pennsylvania R.R. stock, ....
Book Value. Market Value.
$10,000 00 $10,350 00
102,125 00 103,125 00
102,750 00 100,125 00
50,500 00 55,000 00
44,257 50 51,500 00
58,553 59 55,000 00
51,750 00 52,125 00
5,500 00 5,450 00
5,788 53 5,775 00
99,974 74 110,025 00
58,903 20 59,400 00
67,970 72 82,375 00
40,512 50 41,250 00
$1,008,052 67 $1,024,250 00
UNITED STATES BRANCH OF THE "COLOGNE REINSURANCE
COMPANY," COLOGNE, GERMANY.
Deposit Capital, $200,000.
E. M. CRAGIN, United States Manager.
Office, 58 Liberty Street, New York, N. Y.
Income.
Net fire premiums, $555,383 33
Interest on bonds, $22,520; all other, $66.12, . . . . 22,586 12
Total income, $577,969 45
Ledger assets, Dec. 31, 1903, . . . . . . . 742,629 08
Total, $1,320,598 53
Disbursements.
Net amount paid for fire losses, $262,115 19
Commissions or brokerage, 159,033 88
Taxes and fees, 7,174 78
Remitted to home office, 85,329 42
All other disbursements, 45 00
Total disbursements, $513,698 27
Balance, $806,900 26
Ledger Assets.
Bonds (Schedule A) $635,320 84
Cash in banks, 25,302 74
Agents' balances, 146,276 68
Total ledger assets, $806,900 26
Non-Ledger Assets.
Interest accrued on bonds, 6,270 00
Gross assets, $813,170 26
?
E REINSURANCE CO.
Assets kot admitted.
lances over three months due,
Depreciation in book value of bonds,
Total unadmitted assets, .
T tal admitted assets,
95
4,2,
£16,939 79
1796,230 47
Liabilities.
paid losses, . ',263 00
Unearned premiums on outstanding risks, .... 419,489 63
Commissions and other charges due agents and brok- . 40,130 78
All liabilities, except capital and surplus. . . . -5519.883 35
Surplus to policv holders, .... 1276,347 12
Depoe Had, ,000 00
Surplus over capital aud general liabilities 76,347 12
I Lai liabilities I
Ri-ks akd Premiums.
Premiums.
Fire risks outstanding Dec. 31, 19 . -3,196,052 00 1765.095 65
Fire risks written durin- 1 . 75,838,532 00 7,070 09
T :
Risks expired and termimv
In force at end of vear, .
(151 $1,472,165 74
. 71,468,951 00 1.896 85
187,565,633 00 $800,268 89
Miscellaneous.
Fire losses incurred during the ve
$293,980 00
Schedule A.
Boh. kt Company.
United States bonds. .....
New York City bonds, . . . .
Atchison. Topeka & Santa Fe R'y bonds,
Central Pacific R'y Co. bonds. .
Pacific R'v bor
Chic, Milwaoka k Si u y Co. bonds,
d Pacific R'y Co. bonds. .
Book Valae.
2 B .
162,100 do
51,096 25
69,527 04
41,3 12
57. -
51,
Market Value.
$206,700 00
152.250 00
51,250 00
72,360 00
40,480 00
".875 00
50,160 00
20 $4 00
COMMERCIAL UNION ASSURANCE CO. (LIMITED).
399
UNITED STATES BRANCH OF THE "COMMERCIAL UNION
ASSURANCE COMPANY (LIMITED)," LONDON, ENGLAND.
Deposit Capital, $300,000.
A. H. WRAY, United States Manager.
Office, Corner Pine and William streets, New York, N. Y.
Income.
Net fire premiums, $4,496,278.28 ; marine, $177,584.91,
Deposit premiums on perpetual risks, ....
Interest on mortgage loans, $4,964.20; stocks and bonds
$46,286.15; all other, $3,299.48, . . . . .,'.
Rents, including company's own occupancy, .
Profit on sale or maturity of ledger assets,
Received from home office,
Total income,
Ledger assets, Dec. 31, 1903,
Total, ...'..
$4,673,863 19
1,284 69
54,549 83
63,259 36
486 25
335,497 99
$5,128,941 31
4,084,754 38
$9,213,695 69
Disbursements.
Net amount paid for fire losses, $2,325,361.82 ; marine, $83,-
264.35, $2,408,626 17
Commissions or brokerage, 1,264,705 52
Salaries, fees, etc., of officers and employees, .... 159,559 12
Rents, including company's own occupancy, .... 18,095 81
Repairs and expenses on real estate, 27,145 71
Real estate taxes, $12,653.82 ; other taxes and fees, $82,024.15, 94,677 97
All other disbursements, 161,562 08
$4,134,372 38
Total disbursements, .
Balance,
. $5,079,323 31
Ledger Assets.
Real estate, $782,309.81 ; mortgages, $115,000,
Stocks and bonds (Schedule A),
Cash in banks and office, .
Agents' balances,
Bills receivable, not matured, .
Reinsurance due on losses paid,
Total ledger assets, .
$897,309 81
2,798,516 55
686,029 71
677,437 34
9,569 42
10,460 48
$5,079,323 31
Non-Ledger Assets.
Interest accrued on mortgages, .
Rents accrued on company's property,
Market value of real estate over book value, .
Market value of stocks and bonds over book value.
Gross assets,
1,652 50
10,774 22
105,838 88
139,083 45
$5,336,672 36
400
COMMERCIAL UNION ASSURANCE CO. (LIMITED.)
Assets not admitted.
Cash not in control of trustees, $
Agents 1 balances over three months due,
Special deposits less $101,367.36 liab. thereon,
Reinsurance due on losses paid,
Total unadmitted assets, ....
Total admitted assets, ....
118,167 44
10,842 54
53,182 64
2,414 47
$184,607 09
. $5,152,065 27
Liabilities.
Unpaid losses, including $31,100 resisted, $440,959.01 ; less
reinsurance, $40,464. 34, $400,494 67
Unearned premiums on outstanding risks, $3,129,939.24 ; plus
same on disallowed'reinsurance, $5,976.07,. . . . 3,135,915 31
Reclaimable on perpetual fire policies, 107,191 95
Commissions and other charges due agents and brokers, . 91,317 32
Due for return premiums, $18,450.67 ; reinsurance, $35,680.25, 54,130 92
All liabilities, except capital and surplus, . . . $3,789,050 17
Surplus to policy holders, $1,363,015 10
Deposit capital 300,00000
Surplus over capital and general liabilities, .... 1,063,015 10
Total liabilities,
. $5,152,065 27
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, ....
Net amount in force, .
$432,639,518 00
.714,224,300 00
$1,146,863,818 00
. 475,938,883 00
$670,924,935 00
. 69,570,363 00
Premiums.
$4,801,438 41
6,011,800 87
$10,813,239 28
4,024,226 62
$6,789,012 66
629,944 18
$601,354,572 00 $6,159,068 48
Perpetual risks in force (not included above), $5,600,160 00 $119,102 17
Marine risks outstanding Dec. 31, 1903,
Marine risks written during 1904, .
Total,
Risks expired and terminated, .
In force at end of year, -.
Amount reinsured, ....
Net amount in force, .
. $5,062,564 00
. 137,479,422 00
$142,541,986 00
. 137,021,511 00
. $5,520,475 00
449,173 00
$112,537 21
225,942 21
$338,479 42
233,233 83
$105,245 59
8,392 00
$5,071,302 00 $96,853 59
Miscellaneous.
Fire losses incurred during the year,
Marine and inland losses incurred during the year,
. $2,363,640 00
91,924 00
HAMBURG-BREMEN FIRE INSURANCE CO.
401
Schedule A.
Stocks and Bonds owned by the Company.
United States bonds,
New York City bonds, ....
Wisconsin, Minn. & Pacific R.R. bonds, .
Northern Pacific R.R. bonds, .
Union Pacific R.R. bonds, ....
Minnea., St. Paul & Sault Ste M. R R. bonds,
Southern R'y bonds,
N. Y. Cent. & Hudson River R.R. bonds,
Chicago, Mil. & St. Paul R.R. bonds,
Chicago & Northwestern R.R. bonds,
Indianapolis & Vincennes R.R. bonds,
Chic, Rock Island & Pacific R.R. bonds, .
Chicago & Northwestern R.R. bonds,
Central R.R. of New Jersey bonds, .
West Shore R R. bonds, ....
Western Pennsylvania R.R. bonds, .
Lehigh Valley R.R of N. Y. bonds, . . .
Illinois Central R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Cleve., Cin., Chicago & St. Louis R.R. bonds,
Chic, Rock Island & Pacific R.R. bonds, .
Norfolk & Western R R. bonds,
Milwaukee, Lake Shore & West. R.R. bonds,
Chic, Mil. & St. Paul R.R. bonds, .
Pennsylvania Co. trust cert, bonds, .
Penn. steel equip, trust bonds, .
N. Y , N. H. & Hartford R.R. stock,
Manhattan R'y Co. stock, ....
Baltimore & Ohio R.R. stock, .
Union Pacific R.R. stock, ....
Pitts., Ft. Wayne & Chic. R.R. stock,
Underwriters 1 Sal. Associa. of N. Y. stock,
00
00
00
61
08
00
Book Value.
1506,633 66
318,581
97,000
103,200
88,409
101,646
116,480
99,138 50
76,700 30
71,089 56
67,073 58
116,960 20
56,352
54,558
51,175
51,192
102,187
48,700 00
46,980 92
45,521 91
49,165 00
64,856 50
28,398 59
25,575 42
95,800 00
72,448 75
107,800 00
65,062 50
22,560 00
22,418 75
23,850 00
1,000 00
97
27
00
28
20
00
00
00
00
00
00
00
00
00
00
50
00
Market Value.
$547,550 00
304,750 00
97,350
104,000
107,500
101,000
120,750
99,750
84,000
74,550
68,900
125,875
64,562
68,125
54,250 00
51,750 00
106,750 00
48,125 00
48,625 00
48,500 00
48,625 00
66,562 50
32,250 00
29,562 50
93,500 00
72,000 00
109,175
82,500
23,875
24,437
27,450 00
1,000 00
00
00
00
50
1,798,516 55 $2,937,600 CO
UNITED STATES BRANCH OF THE "HAMBURG-BREMEN FIRE
INSURANCE COMPANY," HAMBURG, GERMANY.
Deposit Capital, $200,000.
F. O. AFFELD, United States Manager.
Office, 19 Liberty Street, New York, N. Y.
Income.
Net fire premiums, $1,806,767 75
Interest on collaterals, f 383 . 56 ; bonds, $59,40 1 . 25 ; al 1 other,
$4,063.37 63,848 18
Profit on sale or maturity of ledger assets, .... 2,515 64
Received from home office, 105,045 00
Total income, $1,978,176 57
Ledger assets, Dec 31, 1903, 1,779,490 97
Total,
$3,757,667 54
401'
HAMBURG-BREMEN FIRE INSURANCE CO.
Disbursements
Net amount paid for fire losses,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents,
Taxes and fees,
Loss on sale or maturity of ledger assets,
Remitted to home office, .
All other disbursements, ....
Total disbursements, ....
Balance,
$1,029,283 70
378,701 51
142,879 48
13,878 01
45,246 95
8,329 16
128,160 01
96,934 85
11,843,413 67
11,914,253 87
Bonds (Schedule A),
Cash in banks, .
Agents' balances,
Total ledsrer assets.
Ledger Assets.
*1,641,U4 92
139,045 91
134,063 04
* 1,914,253 87
Xon-Ledger Asset:
Interest accrued on bonds, ....
Market value of bonds over book value. .
Gross assets,
21,773 33
74,340 50
$2,010,367 70
Assets not admitted.
Cash not in control of trustees,
Bonds not in control of trustees,
Agents 1 balances over three months due,
Special deposits less §61,758.63 liab. thereon,
Total unadmitted assets, .
Total admitted assets, ....
$34,045 91
30,975 00
1,429 09
37,741 37
104,191 37
. fl,906,176 33
Liabilities.
Unpaid losses, including $123,175 resisted,
Unearned premiums on outstanding risks,
Commissions and other charges due agents and brokers.
All liabilities, except capital and surplus,
Surplus to policy holders, . . . .
Deposit capital, .......
Surplus over capital and general liabilities, .
$300,790 15
$221,845 00
1,383,337 56
203 62
. $1,605,386 18
200,000 00
100,790 15
Total liabilities,
Sl,906,17o 33
HAMBURG-BREMEN FIRE INSURANCE CO.
403
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
$204,735,543 00 $2,628,242 53
. 171,689,609 00 2,203,423 03
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
Net amount in force, .
$376,425,152 00 $4,831,665 56
. 153,956,145 00 2,063,588 59
$222,469,007 00 $2,768,076 97
. 7,163,517 00 79,561 77
$215,305,490 00 $2,688,515 20
Miscellaneous.
Fire losses incurred during the year,
. $1,146,529 00
Schedule A.
Bonds owned by the Company.
United States bonds, ....
Georgia State bonds,
Republic of Cuba gold bond certificates,
New York City bonds,
Portland City, Ore., bonds,
Providence City, R. I., bonds, .
Richmond City, Va., bonds,
St. Louis City, Mo., bonds,
Edison Elec. Illuminating Co. of N. Y. bonds
Atchison, Topeka & Santa Fe R.R. bonds,
Baltimore & Ohio R.R. bonds, .
Beech Creek R.R. bonds, ....
Central of Georgia R.R. bonds,
Central Pacific R'y Co. bonds, .
Chesapeake & Ohio R'y Co. bonds, .
Chicago & Alton R'y Co. bonds,
Chic, Mil. & St. Paul R.R. bonds, .
Cin., Indianap., St. Louis & Chic. R.R. bonds,
Denver & Rio Grande R.R. bonds, .
East Tenn., Virginia & Georgia R.R. bonds,
Erie Railroad Co. bonds, ....
Hocking Valley R'y Co. bonds,
Illinois Central Railroad bonds,
Lake Erie & Western R.R. bonds, .
Long Island R 11. bonds, ....
Louisville & Nashville R.R. bonds, .
Missouri, Kan. & Texas R.R. Co. bonds, .
Missouri Pacific R'y Co bonds,
N. Y., Chicago & St. Louis R.R. bonds, .
Norfolk & Western R'y Co. bonds, .
Northern Pacific R.R. Co. bonds,
Oregon Railway & Navigation Co. bonds,
Oregon Short Line R.R. Co. bonds, .
Pennsylvania Co. bonds, ....
Pennsylvania R.R. bonds,
Book Value.
$109,411 83
10,650 00
30,750 00
234,425 00
54,910 70
26,937 50
28,730 50
24,437 50
20,466 00
49,000 00
46,947 50
20,005
34,060
49,389
29,485
22,275
54,411
29,776
44,752
25,990
48,435
43,670 00
47,471 50
32,481 00
33,447 50
30,300 00
46,641 00
10,283 00
27,142
30,285
26,512
24,331
23,450
31,762
25,958
00
00
00
00
00
34
00
00
00
00
00
00
00
50
00
50
00
Market Value.
$109,987 50
11,250 00
30,475 00
236,018 75
56,625 00
27,000 00
29,525 00
25,093 75
20,566 67
51,250 00
47,125 00
20,825 00
35,075 00
50,416 67
29,354 17
24,075 00
56,625 00
30,025 00
50,125 00
30,072 92
50,000 00
43,500 00
49,437 50
35,250 00
34,575 00
34,700 00
50,333 33
10,645 83
30,937 50
30,000 00
31,425 00
25,541 67
23,800 00
32,925 00
26,908 33
404
LAW, UNION AND CROWN INSURANCE CO,
Pitts., Cin., Chic. & St. Louis R.R. bonds,
Read. Co , & The Phil. & Read. C. & I. Co. bMs,
St. Louis & San Francisco R.R. bonds, .
St. Paul, Minn. & Manitoba R.R. bonds, .
Scioto Valley & New England R.R. bonds,
Union Pacitic R.R. bonds, ....
Wabash R.R bonds, .....
Book Value.
$32,514 00
28,575 00
15,530 00
30,182 30
21,750 00
30,336 00
53,277 75
Market Value.
$33,562 50
30,450 00
16,837 50
32,962 50
30,250 00
31,350 00
58,583 33
$1,641,144 92 $1,715,485 42
UNITED STATES BRANCH OF THE "LAW, UNION AND CROWN
INSURANCE COMPANY," LONDON, ENGLAND.
Deposit Capital, $200,000.
HALL & HENSHAW, United States Managers.
Office, 35 Pine Street, New York City.
Income.
Net lire premiums, $412,385 15
Interest on stocks and bonds, $27,288.18; all other, $214.81, ' 27,502 99
Profit on sale or maturity of ledger assets, .... 7,887 00
Received from home office, 107,675 00
Total income, $555,450 14
Ledger assets, Dec. 31, 1903, 881,667 69
Total,
. $1,437,117 83
Disbursements.
Net amount paid for fire losses, $328,102 11
Commissions or brokerage, . . . . . . . 102,475 69
Salaries, fees, etc., of officers and employees, .... 13,940 01
Rents, 1,249 92
Taxes and fees, 10,668 81
Remitted to home office, 58,950 54
All other disbursements, 17,280 04
Total disbursements, $532,667 12
Balance, $904,450 71
Ledger Assets.
Stocks and bonds (Schedule A), $799,774 50
Cash in banks, 33,157 42
Agents' balances, 71,518 79
Total ledger assets, $904,450 71
Non-Ledger Assets.
Interest accrued : —
On bonds, $8,725.40; other assets, $82, 8,807 40
Gross assets, $913,258 11
LAW, UNION AND CROWN INSURANCE CO.
405
Assets not admitted.
Cash not in control of trustees, . . . $33,157 42
Agents' balances over three months due, . 132 28
Special deposits less $22,699.95 liab. thereon, . 101,150 05
Depreciation in book value of stocks and bonds, 23,667 00
Total unadmitted assets, ....
Total admitted assets,
$158,106 75
$755,151 36
Liabilities.
Unpaid losses, including $8,481.25 resisted, $56,828.54 ; less
reinsurance, $4,485,
Unearned premiums on outstanding risks, ....
Due for return premiums, $290 ; reinsurance, $10,116.48,
All liabilities, except capital and surplus,
Surplus to policy holders, .... $423,375 32
Deposit capital,
Surplus over capital and general liabilities, ....
>,343 54
269,026 02
10,406 48
$331,776 04
200,000 00
223,375 32
Total liabilities, $755,151 36
Risks and Pkemiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, ....
Net amount in force, .
. $43,073,932 00
. 53,449,245 00
1,523,177 00
. 46,067,653 00
. $50,455,524 00
. 5,705,174 00
Premiums.
$519,025 49
631,640 15
1,150,665 64
550,413 44
,252 20
88,055 61
.$44,750,350 00 $512,196 59
Miscellaneous.
Fire losses incurred during the year,
$350,794 00
Schedule A.
Stocks and Bonds owned by the Company.
City of New York bonds, .
City of Portland, Ore., bonds,
City of Richmond, Va., bonds,
State of Georgia bonds, .
Illinois Central R.R. bonds,
Pitts., Cin., Chic. & St. Louis R.R. bonds,
Standard Gas Lt Co. of N. Y. bonds,
Chicago-Great Western R.R. stock, .
Allegheny & Western R.R. stock, .
Atchison, Topeka & Santa Fe R.R. stock,
Pitts., Ft. Wayne & Chicago R.R. stock,
Rensselaer & Saratoga R.R. stock,
Book Value.
$418,521 25
60,842 00
53,967 50
10,815 00
20,300 00
39,025 00
23,200 00
45,000 00
44,468 75
54,325 00
4,350 00
24,960 00
Market Value.
$397,835 00
58,750 00
54,?50 00
10,800 00
20,600 00
39,200 00
22,000 00
43,000 00
45,300 00
54,035 00
4,587 50
25,750 00
$799,774 50 $776,107 50
4<M') LIVERPOOL AND LONDON AND GLOBE INSURANT!-: CO.
UNITED STATES BRANCH OF THE "LIVERPOOL AND LONDON
AND GLOBE INSURANCE COMPANY," LIVERPOOL, ENGLAND.
Deposit Capital, $200,000.
HENRY W.EATON, United States Manager.
Office, 45 William Street, New York, N. Y.
Income.
Net fire premiums, $6,974,168 30
Deposit premiums on perpetual risks, 9,154 11
Interest on mortgage loans, $160,739.78 : stocks and bonds,
s 140,250; all other, $14,136.18, 315,125 96
Rents, including company's own occupancy, .... 97,974 27
Received from home office, . 417,901 45
From all other sources, 1,391 36
Total income,
Ledger assets, Dec. 31, 1903,
Total,
. $7,815,715 45
. 11,918,625 59
$19,734,341 04
Disbursements.
Net amount paid for fire losses,
Deposit premiums returned,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees, .
Rents, including company's own occupancy, .
Real estate taxes,f 31,637. 17 ; othertaxesandfees,$ 193,393.76
Loss on sale or maturity of ledger assets,
Remitted to home office,
Expenditure life account,
All other disbursements, .......
$4,928,258 27
15,838 74
1,332,859
390,980
58,710
225,030
13,843
485,288
60
66
67
20
93
27
50
13
380,054 84
Total disbursements, $7,830,925 21
Balance,
$11,903,415 83
Ledger Assets.
Real estate, 11,849,576.31 ; mortgages, $3,318,450,.
Stocks and bonds (Schedule A),
Cash in banks and office,
Agents" balances,
I'ntal ledger assets,
Non-Ledger Assets.
Interest accrued : —
On mortgages, $38,185.87 ; other assets, $188.90, .
Rents due and accrued on company's property,
Market value of real estate over book value, .
Market value of stocks and bonds over book value,
Perpetual policy premium due, .
Gross assets,
. $5,168,026 31
. 4,062,532 82
. 1,335,764 42
. 1,337,092 28
$11,903,415 83
38,374 77
10,140 80
7,673 38
169,758 43
7 50
$12,129,370 71
LIVERPOOL AND LONDON AND GLOBE INSURANCE CO. 407
Assets not admitted.
Cash not in control of trustees, . . . $152,795 26
Real estate not in control of trustees, . . 583,776 62
Agents 1 balances over three months due, . 21,972 28
Special deposits less $135,291.61 liab. thereon, 14,808 39
Total unadmitted assets, ....
Total admitted assets,
$773,352 55
111,356,018 16
Liabilities.
Unpaid losses, including $87,790 resisted, $1,102,863.28 ; less
reinsurance, $486,670.06, $616,193 22
Unearned premiums on outstanding risks, $5,767,675 . 26 ; plus
same on disallowed reinsurance, $21,747.18, . . . 5,789,422 44
Reclaimable on perpetual fire policies, 269,754 66
Due for return premiums, $70,224.55; reinsurance, $234,-
938.02, 305,162 57
Reserve for life policies, 59,720 76
Reserve for contingencies, 20,000 00
All liabilities, except capital and surplus,
Surplus to policy holders, .
Paid-up capital,
Surplus over capital and general liabilities, .
Total liabilities,
^,295,764 51
. $7,060,253 65
200.000 00
. 4,095,764 51
$11,356,018 16
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Risks and Premiums.
Premiums.
$1,201,493,564 00 $12,497,665 53
1,016,406,051 00 11,066,077 58
Total,
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, .
Net amount in force, .
$2,217,899,615 00 $23,563,743 11
935,239,094 00 10,295,682 17
$1,282,660,521 00 $13,268,060 94
256,713,488 00 2,209,925 13
$1,025,947,033 00 $11,058,135 81
Perpetual risks in force (not included above), . $9,013,712 00 $283,952 27
Miscellaneous.
Fire losses incurred during the year,
. $4,793,241 00
Schedule A.
Stocks and Bonds owned by the Compawj.
Book Value.
United States bonds,
State of New York bonds,
City of Richmond bonds, .
City of Boston bonds,
Bernalillo Co., New Mex., bonds,
New Mexico territorial bonds,.
Market Value.
81,123,942 91 $1,289,040 00
103,385 54 103,125 00
5,218 56 6,100 00
182,926 42 186,975 00
5,454 91 5,806 25
5,759 83 6,743 75
M)8
LONDON ASSURANCE CORPORATION.
City of New York bond-
bison, Topeka & Santa Fe R R. bonds,
Northern Pacific R'y bonds,
Union Pacific R.R. bonds,
St. Louis. Iron Mt. & Southern Ry bonds,
Atlantic Coast Line R.R. bonds,
ve.. Col . Cin. & Ind. R.R. bonds,
Southern R'y Co. bonds, .
Illinois Central R.R. (leased lines) stock
Baltimore & Ohio R.R. stock, .
Chic, Mil. & St. Paul R.R. stock, .
Southern R'y Co. stock, .
Union Pacific R.R. Co. stock, .
Norfolk & Western R.R Co. stock, .
Book Value.
Market Value.
§1,056,862 86 $1,031,146 25
103,181 37
103,500 00
104,351 85
106,000 00
105,483 35
107,500 00
169,987 70
175,500 00
246,572 16
253,750 00
121,148 82
122,250 00
113,103 60
120,750 00
59,544 61
57,680 00
71,695 83
76,200 00
227,525 00
220,800 00
95,125 00
96,875 00
67,137 50
68,425 00
94.125 00
94,125 00
$4,062,532 82 $4,232,291 25
UNITED STATES BRANCH OF THE -LONDON ASSURANCE
CORPORATION," LONDON.
[FIRE BRANCH.]
Deposit Capital, $-200,000.
CHAS. L. CASE, United States Manager.
Office, 44 Pine Street, New York, X. Y.
Income.
Net fire premiums, .......
Interest on bonds, 871,955.59 : all other, f 6,416. 67,
Received from home office,
Total income, .
Ledger assets, Dec. 31, 1903,
Total,
81,567,405 00
78,372 26
152,428 91
$1,798,206 17
2,171,723 24
$3,969,929 41
Disbursements.
Net amouut paid for fire losses,
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees, .
Rents, .
Taxes and fees,
Remitted to home office
All other disbursement- . . . .
Total disbursements, .
Balance, .
8878.168 15
296,371 09
122,634 42
15,148 07
•41,025 39
288,695 94
71,319 21
81,713,362 27
$2,256,567 14
Ledger Assets.
Bonds (Schedule A),
Ca>h in banks and office,
■nts* balance-.
Total ledger assets,
$1,867,026 13
165.277 93
224,263 08
f2,256«567 14
LONDON ASSURANCE CORPORATION. 409
Non-Ledger Assets.
Reinsurance due on losses paid, f 267 07
Gross assets $2,256,834 21
Assets not admitted.
Cash not in control of trustees, . . . $7,721 17
Agents' balances over three months due, . 650 01
Special deposits less $63,236.76 liab. thereon, 53,138 24
Depreciation in book value of bonds, . . 14,503 00
Total unadmitted assets, .... 76,012 42
Total admitted assets, $2,180,821 79
Liabilities.
Unpaid losses, including $11,402 resisted, $122,371.23 ; less
reinsurance, $15,849.56, $106,52167
Unearned premiums on outstanding risks, $1,268,118.74 ; plus
same on disallowed reinsurance, $915.67, .... 1,269,03441
Commissions and other charges due agents and brokers, . 16,034 43
Due for reinsurance premiums, 9,609 97
All liabilities, except capital and surplus, . . .$1,401,200 48
Surplus to policy holders, .... $779,621 31
Deposit capital, 200,000 00
Surplus over capital and general liabilities, .... 579,621 31
Total liabilities, $2,180,821 79
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured,
Premiums.
$225,024,698 00 $2,501,010 97
. 177,841,484 00 2,071,346 20
$402,866,182 00 $4,572,357 17
. 160,295,998 00 1,865,189 61
$242,570,184 00 $2,707,167 56
. 26,663,913 00 268,153 82
Net amount in force, . . . . $215,906,271 00 $2,439,013 74
Miscellaneous.
Fire losses incurred during the year, $892,870 00
Schedule A.
Bonds owned by the Company.
Book Value. Market Value.
United States bonds, $538,150 00 $494,959 38
Atchison, Topeka & Santa Fe R.R. bonds,
Baltimore & Ohio R.R. bonds, .
Brooklyn Union Gas Co. bonds,
Garth., Waterfn & Sack. Harbor R.R. bonds,
42,500 00 43,987 50
63,670 00 66,400 00
34,500 00 34,950 00
58,500 00 58,250 00
410
LONDON ASSURANCE CORPORATION.
Central R.R Co. of New Jersey bonds, .
Central Union Gas Co. bonds, .
Chicago, Mil. & St. Paul R.R. bonds,
Chic , Rock Isl. & Pacific R.R. Co. bonds,
Chic, St. Louis & New Orleans R.R. bonds,
City of New York bonds, .
City of Richmond (Va.) bonds,
Erie R.R. Co., Penn., bonds,
Lehigh Valley R'y Co. bonds, .
Long Island R.R. bonds, .
Louisville & Nashville R.R. bonds,
Mil , Lake Shore & Western R.R. bonds,.
N. Y. Gas & Elec. Lt., Ht. & Pow. Co. bonds,
N. Y., Lake Erie & Western R.R. bonds, .
New Amsterdam Gas Co. bonds,
Northern Pacific-Great Northern bond, .
Oregon Short Line R R. Co. bonds, .
Pitts., Cin.. Chic. & St. Louis bonds,
Read. Co. & Phil. & Read. C'l & Iron Co. b'ds
St. Paul, Minn. & Manitoba R.R. bonds, .
Scioto Valley & New England R.R. bonds,
United States Mortgage & Trust Co. bonds,
Book Value.
$25,000 00
51,000 00
57,750 00
49,067
9,920
224,794
50,000
47,575
31,500
116,820
31,250
33,750 00
48,452 50
40,000 00
25,367 08
53,760 00
95,000 00
28,250 00
12,600 00
33,750 00
29,100 00
35,000 00
Market Value.
$34,125 00
54,250 00
50
00
05
00
00
00
00
00
57,875
49,250
9,520
206,621
53,000
47,625
33,450
116,325
33,125
33,875
47,875
54,000 00
25,645 00
56,490
97,375
28,375
15,525
34,125
30,525 00
35,000 00
00
00
00
25
00
00
00
00
00
00
00
00
00
00
00
00
.,867,026 13 $1,852,523 13
united states branch of the "london assurance
corporation; 1 London.
[MARINE BRANCH.]
Deposit Capital, $300,000.
PERCY CHUBB & SON, United States Managers.
Office, 5-7 South William Street, New York, N. Y.
Income.
Net marine premiums,
Interest on bonds, $16,872.50 ; all other, f 1,727.66,
Total income,
Ledger assets, Dec. 31, 1903,
Total,
$337,633 01
18,600 16
$356,233 17
595,137 03
$951,370 20
Disbursements.
Net amount paid for marine losses,
Commissions or brokerage,
Taxes and fees,
Remitted to home office, .
All other disbursements, .
$127,980 19
83,202 58
8,253 91
113,908 79
11,967 40
Total disbursements, $345,312 87
Balance,
$606,057 33
LONDON ASSURANCE CORPORATION. 411
Ledger Assets.
Bonds (Schedule A), $462,325 00
Cash in banks and office, 59,776 75
Agents' balances, 83,955 58
Total ledger assets, $606,057 33
Non-Ledger Assets.
Interest accrued on bonds, $5,783 34
Market value of bonds over book value, .... 17,112 50
Gross assets, •. $628,953 17
Assets not admitted.
Cash not in control of trustees, . . . $ 30,408 72
Agents' balances over three months due, . 12,217 72
Agents' balances in excess of unearned prems., 30,562 96
Total unadmitted assets, .... 73,189 40
Total admitted assets, |555,763 77
Liabilities.
Unpaid losses, $96,473.37; less reinsurance, $16,000, . . $80,473 37
Unearned premiums on outstanding risks, $41,174.90 ; plus
same on disallowed reinsurance, $9,081.82, . . . 50,256 72
Salaries and other miscellaneous expenses, due or accrued, . 7,923 34
Commissions and other charges due agents and brokers, . 7,128 27
Due for return premiums, $34.70; reinsurance, $22,291.61, . 22,326 31
All liabilities, except capital and surplus, . . . $168,108 01
Surplus to policy holders, .... $387,655 76
Deposit capital, 300,000 00
Surplus over capital and general liabilities, .... 87,655 76
Total liabilities $555,763 77
Marine risks outstanding Dec. 31, 1903,
Marine risks written during 1904, .
Risks and Premiums.
Premiums.
.$14,376,269 00 $124,759 66
.186,527,292 00 881,181 80
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, .
$200,903,561 00 $1,005,941 46
. 191,983,327 00 929,750 15
. $8,920,234 00 $76,191 31
. 2,894,154 00 26,135 19
Net amount in force, $6,026,080 00 $50,056 12
Miscellaneous.
Marine and inland losses incurred during the year, . . $147,954 00
412
LONDON AND LANCASHIRE FIRE INSURANCE CO.
Schedule A.
Bonds owned by the Company.
City of New York bonds,
City of Brooklyn bonds,
City of Boston bonds
Cleve., Cin., Chic. & St. Louis R.R. Co. bonds,
Chicago. & Erie R.R. Co. bonds,
Chesapeake & Ohio R.R. Co. bonds,
Book Value.
$112,325 00
100,000 00
100,000 00
50,000 00
50,000 00
50,000 00
Market Value.
$111,312 50
97,875 00
101,875 00
48,750 00
60,562 50
59,062 50
|462,325 00 $479,437 50
UNITED STATES BRANCH OF THE "LONDON AND LANCASHIRE
FIRE INSURANCE COMPANY," LIVERPOOL, ENGLAND.
Deposit Capital, $200,000.
ARCHIBALD G. McILWAINE, Jr., United States Manager.
Office, 57-59 William Street, New York, N. Y.
Income.
Net fire premiums,
Interest on stocks and bonds, $78,297.32 ; all other,
Rents, including company's own occupancy, .
Profit on sale or maturity of ledger assets,
. $2,173,727 46
1,425.68, 84,723 00
18,012 52
5,876 82
Total income $2,282,339 80
Ledger assets, Dec. 31, 1903, 2,754,393 96
Total, .
$5,036,733 76
Disbursements.
Net amount paid for fire losses,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees, . . . .
Rents, including company's own occupancy, .
Repairs and expenses on real estate,
Real estate taxes, $4,721.22 ; other taxes and fees, $59,312 09,
Remitted to home office,
All other disbursements,
Total disbursements,
Balance, . .
Ledger Assets.
Real estate,
Stocks and bonds (Schedule A),
Cash in banks and office,
Cash in hands of trustees, .
Cash in hands of special agents and others,
Agents' balances,
Bills receivable, not matured, .
Balances due from other companies,
$1,252,639 30
417,917 16
141,875 51
22,575 54
11,301 66
64,033 31
3,326 55
104,877 43
. $2,018,546 46
. $3,018,187 30
$300,000 00
1,994,699 63
217,542 36
102,500 00
1,760 75
368,882 65
2,138 60
30,663 31
Total ledger assets, $3,018,187 30
LONDON AND LANCASHIRE FIRE INSURANCE CO. 413
Non-Ledger Assets.
Interest due and accrued on bonds, $29,056 25
Rents due and accrued on company's property, . . . 1,556 74
Market value of stocks and bonds over book value, . . 35,460 45
All other, 14,815 71
Gross assets, $3,099,076 45
Assets not admitted.
Cash not in control of trustees, . . . $219,303 11
Rents not in control of trustees, . . . 1,556 74
Agents 1 balances over three months due, . 8,017 38
Special deposits less $57,022.27 liab. thereon, 73,002 73
Balances due from other companies, . . 30,663 31
Total unadmitted assets, .... 332,543 27
Total admitted assets, $2,766,533 18
Liabilities.
•
Unpaid losses, including $19,722 . 22 resisted, $19 1,51 2 . 93 ; less
reinsurance, $39,809.78, $151,703 15
Unearned premiums on outstanding risks, $1,824,703.44 ; plus
same on disallowed reinsurance, $11,668.74, . . . 1,836,372 18
Due for return premiums, $2,325.29; reinsurance, $54,549.71, 56,875 00
All liabilities, except capital and surplus, . . . $2,044,950 33
Surplus to policy holders, .... $721,582 ^5
Deposit capital, 200,000 00
Surplus over capital and general liabilities, .... 521,582 85
Total liabilities, $2,766,533 18
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Premiums.
$382,812,197 00 $3,712,581 80
.296,972,112 00 3,130,705 89
$679,784,309 00 $6,843,287 69
. 271,003,861 00 2,809,418 93
$408,780,448 00 $4,033,868 76
. 54,002,005 00 551,737 40
Net amount in force, .... $354,778,443 00 $3,482,131 36
Miscellaneous.
Fire losses incurred during the year, $1,291,425 00
Schedule A.
Stocks and Bonds owned by the Company.
Book Value. Market Value.
United States bonds $173,369 68 $188,826 67
Atlantic Coast Line bonds, .... 23,250 00 24,791 66
Baltimore & Ohio R.R. bonds, .... 101,325 00 98,700 00
414
MANNHEIM INSURANCE CO.
Baltimore & Ohio bonds, .
Beech Creek R.R. Co. bonds, .
Chesapeake & Ohio R'y Co. bonds, .
Chic., Burl. & Quincv R.R. Co. bonds,
Chicago, Mil. & St. Paul R'y Co. bonds,
Chic, St. Paul, Minnea & Omaha bonds,
Chic, Rock Isl. & Pacific R'y Co. bonds,
Chicago & Erie bonds, . ' .
Cincinnati, Dayton & Ironton bonds,
Cin., Ind., St. Louis & Chic R'y Co. bonds,
Delaware & Hudson Canal Co. bonds,
Flint & Pere Marquette bonds,
Illinois Central R.R. Co. bonds,
Lake Erie & Western R.R. Co. bonds,
Lehigh Valley R.R. Co. (N. Y.) bonds,
Mil., Lake Shore & Western bonds, .
Mil., Lake Shore & Western bonds, .
Missouri Pacific R.R. Co. bonds,
N. Y. Central & Hudson River bonds,
N. Y., Chicago & St. Louis R'y bonds,
N. Y., Susquehanna & Western bonds,
Philadelphia & Reading bonds,
Richmond & Danville R.R. Co. bonds,
St. Louis, Iron Mt. & Southern R'y Co. bonds
St. Paul, Minn. & Manitoba bonds,
Southern R'y Co. bonds, .
Western North Carolina bonds,
State of Georgia bonds, .
State of Massachusetts bonds, .
Grant County (New Mexico) R.R. bonds,
Grant County (New Mexico) R.R. bonds,
New York City bonds,
City of Portland bonds, .
City of Richmond, Va., bonds, .
Republic of Cuba bonds, .
85 shares Baltimore & Ohio R.R. Co.,
26 " Baltimore & Ohio R.R. Co.,
83 " Milwaukee Underwriters' Associa.,
10 " Underwriters 1 Salvage Co.,
Book Value.
f36,937 50
27,527 45
71,294 87
27,263 25
82,906 25
23,464 58
117,902 50
11,025 00
19,400 00
95,964 44
31,293 75
25,000 00
104,582 00
56,780 00
25,837 50
2,400 00
53,593 75
119,250 00
2,400 00
50,862 50
1,800 00
• 6,700 00
21,762 50
56,503 50
81,559 50
56,312 50
35,402 00
23,079 99
28,625
5,350
5,350
205,524
50,750
49,603 50
72,985 66
6,077
2,600
83
1,000
00
00
00
96
00
50
00
00
00
00
25
08
00
Market Value.
$38,156 25
27,303 75
77,508 33
29,400
80,731
23,177
106,425
11,866 67
22,633 34
99,083 33
33,354 17
27,479 16
103,958 34
58,250 00
25,000 00
3,795 00
58,333
120.375
5,237
51,000
3,371
33
00
50
00
25
12,000 00
21,750
56,500
81,562
58,125
34,875
22,175
26,125
4,825
4,825
198,000 00
52,250 00
51,750 00
75,437 50
7,650 00
2,470 00
83 00
1,000 00
00
00
50
00
00
00
00
00
00
§1,994,699 63 $2,030,160 08
UNITED^ STATES BRANCH OF THE "MANNHEIM INSURANCE
COMPANY," MANNHEIM, GERMANY.
Deposit Capital, $300,000.
FRANZ HERRMANN, United States Manager.
Office, 79 Wall Street, New York, N. Y.
Income.
Net marine premiums, ,
Interest on bonds,
Total income,
Ledger assets, Dec. 31, 1903,
Total, ....
. $612,441 54
11,750 00
. $624,191 54
519,228 74
. $1,143,420 28
MANNHEIM INSURANCE CO.
415
Disbursements.
Net amount paid for marine losses, .
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents,
Taxes and fees,
Remitted to home office, ....
All other disbursements, ....
Total disbursements, ....
Balance,
$329,993 30
112,154 14
34,550 14
3,403 60
17,787 40
128,090 42
33,744 27
$659,723 27
$483,697 01
Ledger Assets
Bonds (Schedule A),
Cash in banks, ....
Agents 1 balances,
Bills receivable, not matured, .
Total ledger assets, .
$382,375 00
14,877 41
83,795 18
2,649 42
$483,697 01
Non-Ledger Assets.
Interest accrued on bonds,
Gross assets,
2,916 67
$486,613 68
Assets not admitted.
Cash not in control of trustees,
Agents' balances over three months due,
Depreciation in book value of bonds,
Total unadmitted assets, .
Total admitted assets,
$14,877 41
1,165 13
8,875 00
24,917 54
$461,696 14
Liabilities.
Unpaid losses, $52,108.11 ; less reinsurance, $3,785.47, .
Unearned premiums on outstanding risks, $93,301.29 ; plus
same on disallowed reinsurance, $209.18, .
Commissions and other charges due agents and brokers,
Due for reinsurance premiums,
All liabilities, except capital and surplus,
Surplus to policy holders,
Deposit capital,
Surplus over capital and general liabilities,
$305,694 47
$48,322 64
93,510 47
173 62
13,994 94
$156,001 67
300,000 00
5,694 47
Total liabilities, .
$461,696 14
41tf THE MARINE INSURANCE CO. (LIMITED).
Marine risks outstanding Dec. 31, 1903,
Marine risks written during 1904, .
Risks and Premiums.
Premiums.
.$20,611,785 00 $166,596 14
. 200,904,784 00 837,827 97
Total,
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, .
$221,516,569 00 $1,004,424 11
. 196,382,295 00 845,759 22
.$25,134,274 00 $158,664 89
. 1,958,271 00 3,975 93
Net amount in force, $23,176,003 00 $154,688 96
Miscellaneous.
Marine and inland losses incurred during the year, . . $334,264 00
Schedule A.
Bonds orvned by the Company.
Book Value. Market Value.
New York City bonds $330,000 00 $320,500 00
Union Pacific R.R. Co. bonds, .... 52,375 00 53,000 00
$382,375 00 $373,500 00
UNITED STATES BRANCH OF "THE MARINE INSURANCE
COMPANY" (LIMITED), LONDON, ENGLAND.
Deposit Capital, $300,000.
PERCY CHUBB & SON, United States Managers.
Office, 15 Exchange Place, Jersey City, N. J.
Income.
Net marine premiums, $638,111 59
Interest on stocks and bonds, $20,276.91 ; all other, $593.66, 20,870 57
Total income, $658,982 16
Ledger assets, Dec. 31, 1903, 717,298 87
Total, $1,376,281 03
Disbursements.
Net amount paid for marine losses, $193,824 64
Commissions or brokerage, 117,639 30
Taxes and fees, 13,040 10
Remitted to home office, 152,401 12
All other disbursements, 15,345 00
Total disbursements, $492,250 16
Balance, $884,030 87
THE MARINE INSURANCE CO. (LIMITED).
417
Ledger Assets.
Bonds, etc. (Schedule A),
Cash in banks, ....
Agents' balances,
Bills receivable, not matured, .
Total ledger assets, .
$712,657 09
72,725 86
95,979 24
2,668 68
1884,030 87
Non-Ledger Assets.
Interest accrued : —
On bonds, $5,149.58 ; other assets, $258.60, .
5,408 18
Gross assets, $889,439 05
Assets not admitted.
Cash not in control of trustees, . . . $65,410 72
Investments not in control of trustees, . . 5,031 25
Agents 1 balances over three months due, . 3,810 62
Depreciation in book value of ledger assets, . 3,684 59
Agents' balances in excess of unearned prem's, 31,962 98
Total unadmitted assets, ....
Total admitted assets,
Liabilities.
Unpaid losses, $87,500 ; less reinsurance, $21,000, .
Unearned premiums on outstanding risks, $60,205.64 ; plus
same on disallowed reinsurance, $3,000, ....
Salaries and other miscellaneous expenses, due or accrued, .
Commissions and other charges due agents and brokers,
Reinsurance,
All liabilities, except capital and surplus,
Surplus to policy holders, .... $589,973 04
Deposit capital,
Surplus over capital and general liabilities, ....
109,900 16
$779,538 89
$66,500 00
63,205 64
13,000 00
7,369 57
39,490 64
$189,565 85
300,000 00
289,973 04
Total liabilities, $779,538 89
Risks and Premiums.
Marine risks outstanding Dec. 31, 1903,
Marine risks written during 1904, .
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
.$43,541,290 00
1,315,366,022 00
$1,358,907,312 00
1,302,485,099 00
. $56,422,213 00
. 11,797,658 00
Premiums.
$107,181 81
1,040,622 56
$1,147,804 37
1,057,020 13
,784 24
4,909 23
. $44,624,555 00 $85,875 01
Miscellaneous.
Marine and inland losses incurred during the year,
$644,112 00
418 MOSCOW FIRE INSURANCE CO.
Schedule A.
Bonds, etc., owned by the Company.
Book Value. Market Value.
New York City bonds,
City of Cleveland, Ohio, bonds,
Pennsylvania R.R. bonds, .
N. Y. Cent. & Hudson River R.R. bonds,
Canadian Northern R'y bonds,
Denver & Rio Grande R.R. Co. bonds,
United States government bonds,
Manhattan Elevated R'y bonds,
Atlantic Mutual Ins. Co. scrip,
$330,281 25 $320,593 75
100,000 00 105,625 00
64,375 42 65,706 25
35,000 00 35,000 00
5,000 00 5,031' 25
25,000 00 26,781 25
133,000 00 130,250 00
15,690 42 15,675 00
4,310 00 4,310 00
$712,657 09 $708,972 50
UNITED STATES BRANCH OF THE " MOSCOW FIRE INSURANCE
COMPANY," MOSCOW, RUSSIA.
Deposit Capital, $200,000.
PAUL E. RASOR, United States Manager.
Office, 54 William Street, New York, N. Y.
Income.
Net fire premiums, $924,366 08
Interest on bonds, 31,342 89
Total income, $955,708 97
Ledger assets, Dec. 31, 1903, 856,626 40
Total, $1,812,335 37
Disbursements.
Net amount paid for fire losses, $405,388 73
Commissions or brokerage, 261,977 89
Taxes and fees, 2,916 08
All other disbursements, 2,097 60
Total disbursements, $672,380 30
Balance, $1,139,955 07
Ledger Assets.
Bonds (Schedule A), $1,016,533 91
Cash in banks, . 123,421 16
Total ledger assets, $1,139,955 07
Assets not admitted.
Cash not in control of trustees, . . . $123,421 16
Depreciation in book value of bonds, . . 50,765 78
Total unadmitted assets, .... 174,186 94
Total admitted assets, $965,768 13
MUNICH REINSURANCE CO. 419
Liabilities.
Unpaid losses, $69,522 00
Unearned premiums on outstanding risks, .... 517,890 48
All liabilities, except capital and surplus, . . . $587,412 48
Surplus to policy holders, .... $378,355 65
Deposit capital, 200,000 00
Surplus over capital and general liabilities, .... 178,355 65
Total liabilities, $965,768 13
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1903, . . $54,239,385 00 $600,415 46
Fire risks written during 1904, . . . 99,487,047 00 1,123,624 12
Total, $153,726,432 00 $1,724,039 58
Risks expired and terminated, .... 68,844,291 00 735,235 11
In force at end of year, $84,882,141 00 $988,804 47
Miscellaneous.
Fire losses incurred during the year, $394,693 00
Schedule A.
Bonds owned by the Company.
Book Value. Market Value.
United States bonds, . ... $598,032 50 $573,485 00
New York City corporate stock, . . . 260,011 20 241,525 63
New York City consolidated stock, . . . 105,865 21 101,757 50
City of Woonsocket, R. I., bonds, . . . 52,625 00 49,000 00
$1,016,533 91 $965,768 13
UNITED STATES BRANCH OF THE "MUNICH REINSURANCE
COMPANY," MUNICH, GERMANY.
Deposit Capital, $200,000.
CARL SCHREINER, United States Manager.
Office, 346' Broadway, New York, N. Y.
Income.
Net fire premiums, $3,812,637 84
Interest on stocks and bonds, 127,969 53
Profit on sale or maturity of ledger assets, .... 600 00
Received from home office, 321,750 00
Total income, $4,262,957 37
Ledger assets, Dec. 31, 1903, 3,335,556 15
Total, $7,598,513 52
MUNICH REINSURANCE CO.
Disbursements.
Net amount paid for fire losses, f 2,872,801 63
Commissions or brokerage, 1,071,660 81
Salaries, fees, etc., of officers and employees 14,735 00
Taxes and fees, . 8,601 63
All other disbursements, 64,4:99 -
Total disbursements, $4,032,298 93
Balance, f3,566,214 59
Ledger Assets.
Stocks and bonds (Schedule A), $3,136,951 26
Cash in banks, 244,191 22
Agents" balances, 185,072 11
Total ledger assets, $3,566,214 59
Non-Ledger Assets.
Interest accrued on bonds, 27,443 60
Market value of stocks and bonds over book value, . . 100,706 74
Gross assets, $3,694,366 93
Assets not admitted.
Cash not in control of trustees, 244.191 22
Total admitted assets, f 3,450, 175 71
Liabilities.
Unpaid losses, $426,001 00
Unearned premiums on outstanding risks, .... 2,257,501 81
All liabilities, except capital and surplus, . . . $2,683,502 81
Surplus to policy holders, .... $766,672 90
Deposit capital, 200.000 00
Surplus over capital and general liabilities, .... 566,672 90
Total liabilities, f3,450.175 71
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1903, . $334,577,801 00 $3,992,501 09
Fire risks written during 1904, . . . 385,261,184 00 4.65 1 .
Total, $719,838,985 00 $8,643,263 09
Risks expired and terminated, . . . .354,011,427 00 4,2c ^
In force at end of year, .... f 36,3,827.558 00 $4 ffl 61
Miscellaneous.
Fire losses incurred during the year, $2,826,687 00
MUNICH REINSURANCE CO,
421
Schedule A.
Stocks and Bonds owned by the Company.
Atchison, Topeka & Santa Fe R R. bonds,
Atlantic Coast Line R.R. bonds,
Atlantic & Danville R'y bonds,
Baltimore & Ohio R.R bonds, .
Birming , Ala., R'y, Light & Power Co. bonds
Brooklyn Union Elevated R'y bonds,
Central of Georgia R'y bonds, .
Central Pacific R.R. bonds,
Chesapeake & Ohio R'y bonds,
Chicago & Alton R'y bonds,
Chicago & E. Illinois R'y bonds,
Chic, Rock Island & Pacific R'y bonds, .
Cin., Ham. & Dayton R'y bonds,
Cin., Indiana., St. Louis & Chicago R.R. bonds
Cleve., Cin., Chic. & St. Louis R'y bonds,
Consolidated Gas Co. of N. Y. bonds,
Detroit & Mackinac R.R. bonds,
Erie R.R. Co. bonds, ...
Ft. Worth & Rio Grande R.R. bonds,
Hocking Valley R R. bonds,
Illinois Central R.R. (St. Louis Div.) bonds,
Kansas City, Ft. Scott & Memphis R.R. bonds
Kansas City Southern R'y bonds,
Lackawanna Steel Co. bonds, .
Louisville & Nashville R.R. bonds,
Manhattan R'y bonds,
Minn., St. Paul & Sault Ste. Marie R'y bonds
Missouri, Kan. & Texas R'y bonds,
Missouri Pacific R'y bonds,
New York City bonds,
Norfolk & Western R.R bonds,
North. Pac.-Gt. North. (C, B. & Q.) joint b'ds
Northern Pacific R.R bonds, .
Oregon R.R. & Navigation bonds, .
Oregon Short Line R.R. bonds,
Pennsylvania R.R. bonds,
Reading Co. bonds, ....
Rio Grande & Western R.R. bonds, .
San Antonio & Aransas Pass. R.R. bonds
Sea Board Air Line R'y bonds,
So. Pacific Co., Central Pacific bonds,
Southern R'y bonds, ....
St. Louis, Iron Mt. & Southern bonds,
St. Louis & San Fran. R.R. bonds, .
St. Louis Southwestern R.R. bonds, .
State of Massachusetts bonds, .
Union Pacific R R. bonds, .
United R'ys of San Francisco bonds,
United States government bonds,
Wabash R.R bonds, ....
Western Maryland R.R. bonds,
Western N. Y. & Penn. R.R. bonds, .
Wheeling & Lake Erie R.R. bonds, .
Wisconsin Central R.R. bonds,
Atchison, Topeka & Santa Fe R.R. stock,
Book Value.
,718 75
94,000 00
29,250 00
66.079 38
10,000 00
50,500 00
54,468 75
45,518 75
77,750 00
42,500 00
28,500 00
88,356 25
32,900 00
10,000 00
24,406 25
5,000 00
98,000 00
92,500 00
21,600 00
26,230 00
23,250 00
61,050 00
102,851 25
20,160 00
10.080 00
25.940 00
29,625 00
24,932 50
25,625 00
103,725 00
19,375 00
48,097 50
111,687 50
49,875 00
46,093 75
96,000 00
49,146 25
19,800 00
39,937 50
42,500 00
24,085 00
24,500 00
27,500 00
135,000 00
49,005 00
98,250 00
230,328 75
60,043 75
261,750 00
71,882 50
44,531 25
18,350 00
23,203 13
21,973 75
21,568 75
Market Value.
$51,000 00
98,125 00
29,250 00
69,750 00
11,000 00
54,500 00
55,500 00
45,450 00
80,250 00
42,000 00
29,500 00
88,500 00
32,900 00
10,000 00
25,250 00
9,250 00
98,000 00
94,250 00
21,250 00
27,750 00
23,750 00
62,300 00
108,000 00
22,050 00
10,360 00
26,250 00
29,625 00
25,250 00
27,000 00
102,000 00
20,200 00
50,500 00
112,750 00
51,000 00
51,500 00
102,000 00
51,000 00
19,800 00
44,000 00
35,500 00
25,250 00
24,750 00
28,750 00
132,000 00
48,500 00
99,000 00
249,000 00
64,500 00
260,000 00
71,250 00
44,000
19,200
23,250
23,000
00
00
00
00
25,000 00
422 THE NATIONAL ASSURANCE CO. OF IRELAND.
Book Value. Market Value.
Consolidated Gas Co. of New York stock, . $ 34,500 00 $39,600 00
Denver & Rio Grande R.R. stock, . . . 21,000 00 25,800 00
Norfolk & Western R.R. stock, . . . 15,700 00 18,000 00
Pennsylvania R.R, Co. stock, .... 59,750 00 68,500 00
1,136,951 26 $3,237,660 00
UNITED STATES BRANCH OF "THE NATIONAL ASSURANCE
COMPANY OF IRELAND," DUBLIN, IRELAND.
Deposit Capital, $200,000.
GEO. E. KENDALL, United States Manager.
Office, 704 Main Street, Hartford, Conn.
Income.
Net fire premiums, $377,684 08
Interest on stocks and bonds, $17,435.51 ; all other, $609.40, 18,044 91
Profit on sale or maturity of ledger assets, .... 350 00
Received from home office, 140,620 14
Total income, $536,699 13
Ledger assets, Dec. 31, 1903, 638,981 49
Total, $1,175,680 62
Disbursements.
Net amount paid for fire losses, $409,036 11
Commissions or brokerage, 82,309 06
Salaries, fees, etc., of officers and employees, .... 38,722 19
Rents, ; 2,499 96
Taxes and fees, 18,708 31
Profit and loss, 978 10
All other disbursements, 12,704 99
Total disbursements, $564,958 72
Balance., $610,721 90
Ledger Assets.
Stocks and bonds (Schedule A), $532,728 87
Cash in banks and office, 26,101 39
Agents' balances, 51,891 64
Total ledger assets, $610,721 90
Assets not admitted.
Cash not in control of trustees, . . . $81 94
Agents' balances over three months due, . 2,349 83
Depreciation in book value of stocks and bonds, 21,543 87
Total unadmitted assets, .... 23,975 64
Total admitted assets, $586,746 26
THE NATIONAL ASSURANCE CO. OF IRELAND.
423
Liabilities.
Unpaid losses, including $4,750 resisted, $58,597.96 ; less re-
insurance, f 4,068. 09, $54,529 87
Unearned premiums on outstanding risks, $282,387.70 ; plus
same on disallowed reinsurance, $8,804.27,. . . . 291,191 97
Salaries and other miscellaneous expenses, due or accrued, . 7,500 00
All liabilities, except capital and surplus, . . . $353,221 84
Surplus to policy holders, .... $233,524 42
Deposit capital, 200,000 00
Surplus over capital and general liabilities, .... 33,524 42
Total liabilities, $586,746 26
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1903, . . $46,766,466 00 $677,195 86
Fire risks written during 1904, . . . 29,530,085 00 448,083 95
Total,
Risks expired and terminated, .
In force at end of year, .
Amount reinsured, .
Net amount in force, .
. $76,296,551 00 $1,125,279 81
. 32,975,846 00 512,661 02
. $43,320,705 00 $612,618 79
. 3,185,628 00 38,161 49
,135,077 00 $574,457 30
Miscellaneous.
Fire losses incurred during the year,
$404,646 00
Schedule A.
Stocks and Bonds owned by the Company.
Book Value. Market Value.
City of Boston bonds, $131,751 22 $125,400 00
State of Massachusetts bonds, .... 104,921 67 97,000 00
Pitts., Chic, Cin. & St. Louis R.R. bonds, . 24,450 25 22,400 00
Illinois Central R R. bonds, .... 52,124 25 49,920 00
N. Y. Cent. & Hudson River R.R. bonds, . 24,465 50 21,360 00
Flint & Pere Mar. R.R. Co. Tol. Div. Ter. b'ds, 40,686 11 39,025 00
South. R'y, Lo., Evans. & St. Lo. Div. bonds, . 12,010 68 11,880 00
Chicago & W. Michigan R.R. Co. bonds, . . 54,673 21 54,000 00
Atchison bonds, 20,025 00 20,500 00
Central Pacific R.R. bonds, .... 19,875 00 20,400 00
Reading bonds, 19,073 75 20,400 00
Cumberland Tel. & Tel. Co. bonds, . . . 11,459 73 10,500 00
Chic, Mil. & St. Paul R.R. stock, . . . 17,212 50 18,400 00
$532,728 87 $511,185 00
424
NORTH BRITISH AND MERCANTILE INSURANCE CO.
UNITED STATES BRANCH OF THE "NORTH BRITISH AND
MERCANTILE INSURANCE COMPANY, 1 ' LONDON AND EDIN-
BURGH.
Deposit Capital, $200,000.
E. G. RICHARDS, United States Manager.
Office, 76 William Street, New York, N. Y.
Income.
Net fire premiums, $4,080,387 89
Deposit premiums on perpetual risks, 6,497 20
Interest on stocks and bonds, $204,293 . 63 ; all other, $5,379 . 47, 209,673 10
Profit on sale or maturity of ledger assets, .... 1,418 46
Received from home office, 398,914 23
From all other sources, 124 69
Total income $4,697,01.5 57
Ledger assets, Dec. 31, 1903, 6,039,510 74
Total, .
110,736,526 31
Disbursements.
Net amount paid for fire losses,
Deposit premiums returned, ....
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees, .
Rents,
Taxes and fees, .......
Loss on sale or maturity of ledger assets,
Profit and loss,
All other disbursements,
Total disbursements, .
Balance, . ,
$2,870,466 50
1,307 41
829,746 12
243,968 74
16,816 64
102,645 75
2,165 63
25,594 30
200,137 22
$4,292,848 31
$6,443,678 00
Ledger Assets.
Stocks and bonds (Schedule A),
Cash in banks and office, .
Agents 1 balances,
Reinsurance due on losses paid,
Cash in hands of trustees,
Total ledger assets, .
.,427,562 65
481,580 13
531,524 84
2,244 23
766 15
1,443,678 00
Non-Ledger Assets.
Interest due and accrued on bonds, .
Gross assets,
62,339 57
1,506,017 57
Assets not admitted.
Cash not in control of trustees,
Agents' balances over three months due,
$482,346 28
9,375 41
NORTH BRITISH AND MERCANTILE INSURANCE CO.
425
Special deposits less $78,350.97 liab. thereon, $75,594 03
Depreciation in book value of stocks and bonds, 39,816 05
Total unadmitted assets, .... $607,131 77
Total admitted assets, $5,898,885 80
Liabilities.
Unpaid losses, including $30,761.58 resisted, f 399,021. 46 ; less
reinsurance, $34,010.35,
Unearned premiums on outstanding risks, $3,135,213.14; plus
same on disallowed reinsurance, $23,159.07,
Reclaimable on perpetual fire policies,
All liabilities, except capital and surplus,
Surplus to policy holders, .
Deposit capital,
Surplus over capital and general liabilities, .
1,354,922 05
$365,011 11
3,158,372 21
20,580 43
$3,543,963 75
200,000 00
2,154,922 05
Total liabilities, $5,898,885 80
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
$623,654,416 00
.569,386,088 00
$1,193,040,504 00
. 536,635,917 00
$656,404,587 00
. 68,296,328 00
$588,108,259 00
Perpetual risks in force (not included above), $788,320 00
Premiums.
^6,225,036 96
5,381,174 82
11,606,21178
5,015,168 17
£6,591,043 61
507,843 59
^6,083,200 02
$21,663 61
Miscellaneous.
Fire losses incurred during the year,
',885,719 00
Schedule A.
Stocks and Bonds owned by the Company.
United States government bonds,
New Mexico Territorial bonds,
State of Virginia Century bonds,
State of West Virginia bonds, .
City of Boston, Mass., bonds, .
City of St. Louis, Mo., bonds, .
City of Portland, Ore., bonds, .
City of Brooklyn, N. Y., bonds,
City of New York bonds, .
New York County consolidated stock,
Atchison, Topeka & Santa Fe R n y Co. bonds,
Baltimore & Ohio R.R. Co. bonds, .
Boston & Maine R.R. Co. bonds,
Chesapeake & Ohio R.R. Co. bonds,
Book Value.
$287,237 38
10,413
21,792
8,204
124,135
57,870
24,446
30,828
1,215,853
102,518
102,243 73
265,799 01
103,144 16
148,899 06
18
90
79
88
25
36
12
39
55
Market Value.
$288,600 00
10,000 00
39,045 00
1,120
121,550
56,051
23,000
30,000
1,118,050
101,000
101,000 00
289,000 00
108,000 00
155,000 00
00
00
60
00
00
00
00
426
NORTHERN ASSURANCE CO.
Cleveland & Pittsburg R.R. bonds,
Erie, Penn., Coal Co. bonds,
Erie R.R. bonds,
Hocking Valley R'y Co. bonds,
Illinois Central R.R. Co. bonds,
Louisville & Nashville bonds, .
Manhattan R'y Co. bonds,
N. Y. Central & Hudson R. R.R. Co. bonds,
Norfolk & Western R.R. Co. bonds,
Northern Pacific R'y Co. bonds,
Northern Pacific-Gt. Northern joint bonds,
Oregon Short Line R.R. bonds,
Pennsylvania Co. bonds, ....
St. Paul & Northern Pacific R'y Co. bonds,
Southern Pacific Co. bonds,
Southern R'y bonds,
Union Pacific R.R. Co. bonds, .
West Shore R.R. Co. bonds,
1,000 shares Baltimore & Ohio R.R. Co., .
1,000 " Union Pacific R.R. Co..
1,200 " Southern R'y Co., .
1,000 " Mobile & Ohio, .
1,000 " Chic , Mil. & St. Paul R'v Co.,
Book Value.
5,417 39
99,172 31
97,869 06
52,587 38
146,889 80
92,840 28
101,595 42
580,984 72
24,279 29
105,170 39
94,360 31
11,472 35
220,120 40
59,375 00
50,000 00
96,006 59
118,040 77
301,544 07
90,424 25
87,334 32
105,224 90
91,412 95
192,053 94
00
00
00
00
Market Value.
$111,000 00
101,200 00
98,000 00
54,000 00
148,840
97,500
102,000
551,740
24,500 00
103,000 00
97,000 00
11,400 00
218,000 00
61,000 00
50,000 00
96,000 00
128,750 00
321,000 00
92,000 00
94,000 00
110,400 00
95,000 00
180,000 00
1,427,562 65 $5,387,746 60
UNITED STATES BRANCH OF THE "NORTHERN ASSURANCE
COMPANY," LONDON, ENGLAND.
Deposit Capital, $200,000.
GEO. W. BABB, United States Manager.
Office, 38 Pine Street, New York, N. Y.
Income.
Net fire premiums,
Interest on stocks and bonds, $98,747.50 ; all other, $ 1,928. 76,
Rents, including company's own occupancy, .
Received from home office,
Total income, .........
Ledger assets, Dec. 31, 1903,
Total, .
$2,479,964 05
100,676 26
7,000 00
1,135,960 09
S3,723,600 40
3,440,540 63
$7,164,141 03
Disbursements
Net amount paid for fire losses,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees, ....
Rents, including company's own occupancy, ....
Repairs and expenses on real estate, .....
Real estate taxes, f 2,622 . 47 ; other taxes and fees. $7 1 ,285 . 06,
Remitted to home office,
All other disbursements,
Total disbursements,
Balance,
$1,877,334 08
400,829 27
151,130 46
16,210 00
2,387 39
73,907 53
400,915 97
197,503 64
$3,120,218 34
$4,<U3,922 69
NORTHERN ASSURANCE CO.
427
Ledger Assets
Real estate, ....
Stocks and bonds (Schedule A),
Cash in banks and office, .
Agents 1 balances,
Bills receivable,
Total ledger assets, .
$115,000 00
3,118,541 56
191,160 26
602,422 79
16,798 08
54,043,922 69
Non-Ledger Assets.
Interest due and accrued on stocks and bonds,
Market value of real estate over book value, .
Reinsurance due on losses paid,
Gross assets,
7,685 27
50,000 00
2,278 58
1,103,886 54
Assets not admitted.
Cash not in control of trustees, . . . $191,160 26
Agents' balances over three months due, . 31,606 26
Bills receivable, past due, .... 16,798 08
Special deposits less $85,494.73 liab. thereon, 61,545 27
Depreciation in book value of stocks and bonds, 32,366 56
Total unadmitted assets, ....
Total admitted assets,
333,476 43
,770,410 11
Liabilities.
Unpaid losses, including $44,466 . 44 resisted, $250,500 . 63 ; less
reinsurance, $6,530.03,
Unearned premiums on outstanding risks, ....
Salaries and other miscellaneous expenses, due or accrued, .
Commissions and other charges due agents and brokers,
Due for return premiums, $107,947.22; reinsurance, $18,-
680.30
Miscellaneous,
All liabilities, except capital and surplus,
Surplus to policy holders, .... $1,252,01968
Deposit capital,
Surplus over capital and general liabilities, ....
$243,970 60
2,071,471 32
500 00
73,432 96
126,627 52
2,388 03
$2,518,390 43
200,000 00
1,052,019 68
Total liabilities, $3,770,410 11
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
$327,728,039 00
. 323,705,178 00
$651,433,217 00
. 278,760,685 00
$372,672,532 00
. 23,625,060 00
Premiums.
13,718,864 70
3,684,289 16
$7,403,153 86
3,267,253 60
$4,135,900 26
216,783 94
$349,047,472 00 $3,919,116 32
428
XOKWICH UNION FIRE INSURANCE SOCIETY.
Miscellaneous.
Fire losses incurred during the year,
* 1,857,322 00
Schedule A.
Stocks and Bo?ids owned by the Company.
United States bonds,
City of Salem. Ore., bonds,
United States bonds,
City of St. Louis, Mo., bonds, .
City of St. Paul, Minn, bonds,.
City of Minneapolis, Minn., bonds,
Pennsylvania R.R. Co. bonds, .
West Shore R.R. Co. bonds, .
City of Chicago, 111., bonds,
City of Omaha, Neb., bonds, .
Chic, St. Lo, & New Orleans R.R. Co. bonds,
Chic, St. Louis & N. Orleans R.R. Co. bonds,
Minn., St. Paul & Sault Ste. Marie bonds,
St Paul, Minn. & Manitoba R'y Co. bonds,
Manhattan R'y Co. bonds,
City of New York bonds, ....
Cleve., Cin, Chic & St. Louis R'y Co. bonds,
Louisville & Nashville bonds, .
Northern Pacific-Gt. Northern bonds,
N. Y C. & H R. R.R. Co. bonds, .
West Ya. & Pitts. R.R. Co. bonds, .
Battle Creek & Sturgis R'y Co. bonds, .
Illinois Central R.R. Co. bonds,
Lynn & Boston R.R Co. bonds,
Gouverneur & Oswegatchie R.R. Co. bonds,
Term. R.R. Association of St. Louis bonds,
Baltimore & Ohio R.R. Co. bonds, .
Illinois Central R.R. Co. bonds,
Louisville & Nashville R.R. Co. bonds, .
Northern Pacific R'y Co. bonds,
500 shares Cleveland & Pittsburg R.R. Co.,
500 " Morris & Essex R.R. Co.,
500 " Chic, Mil. & St. Paul Rt Co,
250 " N. Y. & Harlem R R. Co.,
250 " Pitts, Ft. Wayne & Chic R'y Co.,
00
00
00
00
00
00
00
Book Value.
£481,925 00
40,460
13,025
42,350
56,000
105,500
228,870
53.625
52,000 00
107,000 00
49,000 00
15,000 00
56,430 00
94,125
48,000
452,365
50,500
50,750
48,000 00
47,000 00
132,450 00
41,000 00
55,485 00
29,375 00
41,040 00
151,500 00
48,000 00
123,000
57,500
53,000
48,375
49,281
96,562
51,515
48,531
00
00
66
00
00
00
00
00
26
26
50
63
25
Market Value.
$484,700 00
42,240 00
13,100 00
41,200 00
55,750 00
1< 6,000 00
220,000 0C
55,000 00
52,000 00
104,000 00
53,000 00
14,640 00
57,000 00
95,200 00
52,500 00
437,305 00
49,500 00
52,000 00
50,500 00
45,500 00
130,950 00
37,500 00
53,190 00
28,250 00
41,400 00
151,500 00
48,000 00
123,000 00
57.500 00
53,000 00
46,000 00
46,750 00
92,000 00
50,000 00
46,000 00
1,118,541 56 f3,086,175 00
UNITED STATES BRANCH OF THE "NORWICH UNION FIRE
INSURANCE SOCIETY," NORWICH, ENGLAND.
Deposit Capital, $200,000.
J. MONTGOMERY HARE, United States Manager.
Office, 56-58 Pine Street, Neiv York, N. Y.
Income.
Net tire premiums, $2,126,044 95
Interest on mortgage loans, $1,800; stocks and bonds, $79,-
105.13, 80,905 13
NORWICH UNION FIRE INSURANCE SOCIETY. 429
Profit on sale or maturity of ledger assets, .... $432 50
Received from home office, 578,590 00
Total income, $2,785,972 58
Ledger assets, Dec. 31, 1903, 2,554,808 95
Total, $5,340,781 53
Disbursements.
Net amount paid for fire losses, $1,662,145 19
Commissions or brokerage, 435,531 49
Salaries, fees, etc , of officers and employees, .... 165,525 47
Rents 18,279 17
Taxes and fees, 51,436 71
Remitted to home office, 245,000 52
All other disbursements, 124,817 57
Total disbursements, . .' $2,702,736 12
Balance, $2,638,045 41
Ledger Assets.
Mortgages, $40,000 00
Stocks and bonds (Schedule A), 2,008,224 08
Cash in banks and office, 347,482 06
Agents' balances, 242,339 27
Total ledger assets $2,638,045 41
Non-Ledger Assets.
Interest accrued : —
On mortgages, $150; bonds, $23,607.63, 23,757 63
Market value of stocks and bonds over book value, . . 98,570 67
Reinsurance due on losses paid, 76 97
Gross assets, $2,760,450 68
Assets not admitted.
Cash not in control of trustees, . . . $10,890 38
Agents 1 balances over three months due, . 8,060 81
Special deposits less $76,293.64 liab. thereon, 37,347 61
Total unadmitted assets, .... 56,298 80
Total admitted assets, $ 2,704,151 88
Liabilities.
Unpaid losses, including $19,232 . 74 resisted, $200,420 . 33 ; less
reinsurance, $17,417.59, $183,002 74
Unearned premiums on outstanding risks, .... 1,656,696 67
Salaries and other miscellaneous expenses, due or accrued, . 25,236 39
Commissions and other charges due agents and brokers, . 4,416 65
All liabilities, except capital and surplus, . . . $1,869,352 45
Surplus to policy holders, .... $834,799 43
Deposit capital 200,000 00
Surplus over capital and general liabilities, .... 634,799 43
Total liabilities, $2,704,151 88
430
NORWICH UNION FIRE INSURANCE SOCIETY.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
$302,090,878 00
. 242,255,482 00
Premiums.
53,329,304 03
2,780,430 39
$544,346,360 00 #6,109,734 42
. 228,524,530 00 2,658,883 04
$315,821,830 00 $3,450,851 38
. 28,364,841 00 270,082 79
$287,456,989 00 $3,180,768 59
Miscellaneous.
Fire losses incurred during the year,
$1,661,051 00
Schedule A.
Stocks and Bonds owned by the Company.
United States bonds,
Richmond city, Va., bonds,
Butler County, Ohio, bonds,
Capital bonds of New Mexico, .
City of Portland, Ore., bonds, .
Chicago, Burlington & Quincy R.R. bonds,
Chic, Rock Island & Pacific R'y bonds, .
Pennsylvania Co. bonds, ....
N. Y., Chicago & St. Louis R.R. bonds, .
West Shore R.R. bonds, ....
Long Island R.R. bonds, ....
Atchison, Topeka & Santa Fe R'y bonds,
Central of Georgia R'y bonds, .
Baltimore & Ohio R.R. bonds, .
Norfolk & Western R'y bonds,
Norfolk & Western R'y Pocahontas joint b'ds
Chicago, Burl. & Quincy R.R. joint bonds,
Pennsylvania R.R. Co bonds, .
Chesapeake & Ohio R'y bonds,
Erie R.R., Penn., bonds, ....
Savannah, Florida & Western R'y bonds,
New York City stocks, ....
United New Jersey R.R. & Canal Co. stock,
Chicago & Northwestern R'y Co. stock, .
Rensselaer & Saratoga R.R. Co. stock, .
Pitts., Ft. Wayne & Chicago R'y Co. stock,
Chicago, Mil. & St. Paul R'y Co. stock, .
Illinois Central R.R. Co. stock,
Twin City Rapid Transit R'y Co. stock, .
Georgia R R. & Banking Co. stock, .
Southern R'y Co. stock, ....
Allegheny & West. R.R. Co. stock, .
Book Value.
$331,500 00
54,544 21
53,685 74
5,350 00
57,437
97,583
103,500
107,206
93,383
59,171
19,325
50
14
00
78
13
25
00
50,012 50
00
75
50
00
25
50
54,475
50,903
50,687
22,500
53,081
47,437
51,693 75
22,625 00
25,125 00
213,619 44
24,025 00
33,225 00
50,606 25
67,434 39
27,912 50
49,550 00
41,792 50
41,575 00
25,500 00
21,756 00
Market Value.
$340,843 75
56,000 00
53,000 00
5,200 00
55,750 00
105,375 00
106,000 00
106,500 00
103,125 00
61,560 00
20,200 00
50,250 00
55,000 00
51,530 00
50,250 00
23,625 00
58,500 00
51,250 00
52,762 50
23,312 50
25,200 00
200,500 00
27,500 00
53,440 00
55,890 00
73,400 00
40,440 00
51,750 00
46,200 00
50,400 00
29,550 00
22,491 00
$2,008,224 08 $2,106,794 75
THE PALATINE INSURANCE CO. LIMITED. 431
UNITED STATES BRANCH OF "THE PALATINE INSURANCE
COMPANY LIMITED," LONDON, ENGLAND.
Deposit Capital, $200,000.
A. H. WRAY, United States Manager.
Office, Corner Pine and William streets. New York, N. Y.
Income.
Net fire premiums, $1,413,137 38
Interest on stocks and bonds, $46,067.03; all other, $1,243.11, 47,310 14
Profit on sale or maturity of ledger assets, .... 423 75
Received from home office, 48,425 06
Total income, $1,509,296 33
Ledger assets, Dec. 31, 1903, . . . . . . . 1,958,074 06
Total, • $3,467,370 39
Disbursements.
Net amount paid for fire losses, $880,118 14
Commissions or brokerage, 295,618 23
Salaries, fees, etc., of officers and employees, .... 75,058 77
Rents, 8,131 56
Taxes and fees, 41,954 03
All other disbursements, 69,773 52
Total disbursements, $1,370,654 25
Balance, $2,096,716 14
Ledger Assets.
Stocks and bonds (Schedule A) $1,438,437 14
Cash in banks and office, 383,430 22
Agents 1 balances, 273,782 33
All other ledger assets, 1,066 45
Total ledger assets, $2,096,716 14
Assets not admitted.
Cash not in control of trustees, . . . $33,250 61
Agents' balances over three months due, . 2,569 60
Special deposits less $44,947.79 liab. thereon, . 80,452 21
Depreciation in book value of stocks and bonds, 10,199 64
Total unadmitted assets, .... 126,472 06
Total admitted assets, $1,970,244 08
Liabilities.
Unpaid losses, including $14,100 resisted, $145,344.33; less
reinsurance, $23,431.33, $121,913 00
Unearned premiums on outstanding risks, $1,047,130. 24; plus
same on disallowed reinsurance, $1,325.30, . . . . 1,048,455 54
432
THE PALATINE INSURANCE CO. LIMITED.
Salaries and other miscellaneous expenses, due or accrued, .
Commissions and other charges due agents and brokers,
Due for return premiums, $8,164.92 ; reinsurance, $30,954.17,
All liabilities, except capital and surplus,
Surplus to policy holders, ....
Deposit capital,
Surplus over capital and general liabilities, .
r 47,253 16
$3,044 63
10,458 66
39,119 09
$1,222,990 92
200,000 00
547,253 16
Total liabilities, $1,970,244 08
Risks and Premiums
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, ,
In force at end of year, .
Amount reinsured, .
Net amount in force, .
$160,600,577 00
. 160,429,707 00
$321,030,284 00
. 140,331,710 00
$180,698,574 00
. 22,919,139 00
Premiums.
$2,042,560 73
2,085,737 88
$4,128,298 61
1,840,470 69
$2,287,827 92
313,221 50
$157,779,435 00 $1,974,606 42
Miscellaneous.
Fire losses incurred during the year,
$887,574 00
Schedule A.
Stocks and Bonds owned by the Company.
United States bonds,
New York City bonds,
Illinois Central R R. bonds,
West Shore R.R. bonds, .
N. Y. Central & H. R. R.R. Co. bonds,
Chicago & Western Indiana R.R. bonds,
St. Louis, Iron Mt. & South. R'y bonds,
Baltimore & Ohio R.R. bonds, .
Erie R.R. bonds, ....
St. Paul, Minn. & Manitoba R.R. bonds,
Pitts., Cin., Chic. & St. Louis R.R. bonds, ,
Terminal R.R. Association of St. Louis bonds,
Chicago & Northwestern R.R. bonds,
N. Y., L Erie & Western Coal & R.R. bonds, .
Minneapolis St. R'y bonds, .
Minneapolis & St. Louis R.R. bonds,
N. Y. & Long Branch R.R. bonds, .
Lake Erie & Western R R. bonds, .
Pennsylvania Steel Equipment Trust bonds, .
Pennsylvania Co. bonds,
St. Louis Term. Cupples Sta. & Prop. Co. b'ds,
St. Louis Bridge Co. bonds, .
Pitts., McKees. & Youghiogheny R.R. Co. st'k,
Chicago, Mil. & St. Paul R.R. Co. stock, .
Underwriters' Salvage Asso. of N. Y. stock, .
Book Value.
$438,876 00
121,183 17
57,818 00
56,500 00
50,218 00
49,375 00
54,305
32,700
42,010
34,173
29,155 00
28,722 25
27,005
27,970
26,992
27,760
21,161
17,069
72,448 75
57,177 50
35,595
19,885
57,900
51,437
1,000
27
00
00
45
00
00
00
00
00
25
00
00
00
50
00
Market Value.
$438,900 00
119,622 50
53,312 50
54,250 00
49,187 50
49,500 00
55,750 00
33,750 00
43,200 00
34,000 00
28,375 00
27,250 00
25,500 00
29,500 00
26,875 00
27,300 00
20,740 00
16,905 00
72,000 00
55,625 00
35,700
20,445
54,200
55,350
1,000
00
00
00
00
00
$1,438,437 14 $1,428,237 50
PHCENIX ASSURANCE CO. LIMITED. 433
UNITED STATES BRANCH OF THE "PHCENIX ASSURANCE
COMPANY LIMITED," LONDON, ENGLAND.
Deposit Capital, $200,000.
A. D. IRVING, United States Manager.
Home Office, 47 Cedar Street, New York, N. Y.
Income.
Net fire premiums, f 2,577,365 42
Interest on bonds, 90,394 67
Received from home office, 468,608 75
Total income, f 3,136,368 84
Ledger assets, Dec. 31, 1903, 3,049,932 08
Total, |6,186,300 92
Disbursements.
Net amount paid for fire losses, $1,991,462 75
Commissions or brokerage, 483,272 66
Salaries, fees, etc., of officers and employees, .... 229,436 92
Rents, 23,657 71
Taxes and fees 80,736 95
All other disbursements, 114,757 25
Total disbursements, $2,923,324 24
Balance, $3,262,976 68
Ledger Assets.
Bonds (Schedule A), $2,707,359 98
Cash in banks and office, 395,587 37
Agents' balances, 160,029 33
Total ledger assets, $3,262,976 68
Non-Ledger Assets.
Interest due and accrued on bonds, 32,865 42
Reinsurance due on losses paid, 4,889 23
Gross assets, $3,300,731 33
Assets not admitted.
Cash not in control of trustees, . . . $58,705 05
Agents' balances over three months due, . . 1,702 57
Special deposits less $48,351.70 liab. thereon, . 35,248 30
Depreciation in book value of bonds, . . 94,372 48
Total unadmitted assets, .... 190,028 40
Total admitted assets $3,110,702 93
434
PIKENIX ASSURANCE CO. LIMITED.
Liabilities.
Unpaid losses, including $22,859 resisted, $297,105 ; less re-
insurance, $77,353,
Unearned premiums on outstanding risks, ....
Salaries and other miscellaneous expenses, due or accrued, .
Due for reinsurance premiums,
All liabilities, except capital and surplus,
Surplus to policy holders, .
Deposit capital,
Surplus over capital and general liabilities, .
,148 19
$219,752 00
1,876,944 25
5,322 30
39,536 19
$2,141,554 74
200,000 00
769,148 19
Total liabilities, $3,110,702 93
Risks and Premiums.
Fire risks outstanding Dec. 31, 1903,
Fire risks written during 1904,
Total,
Risks expired and terminated, .
In force at end of year,
Amount reinsured, ....
Net amount in force, .
$382,705,089 00
.310,574,625 00
$693,279,714 00
. 301,026,603 00
$392,253,111 00
. 76,085,593 00
Premiums.
$4,524,586 80
3,763,090 05
$8,287,676 85
3,751,050 92
$4,536,625 93
884,492 77
$316,167,518 00 $3,652,133 16
Miscellaneous.
Fire losses incurred during the year,
$1,971,139 00
Schedule A.
Bonds owned by the Company.
United States bonds, ....
State of Massachusetts bonds, .
New York City bonds,
City of Rochester water bonds,
"West Shore R.R. bonds, .
Chicago, Rock Island & Pac. bonds,
N. Y., Chicago & St. Louis bonds, .
St. Paul, Minn. & Manitoba bonds, .
Chicago & Northwestern bonds,
Pennsylvania Co. bonds, .
Illinois Central (St. Louis Div.) bonds,
Chicago & Alton R.R. bonds, .
Erie & Pittsburg R.R. bonds, .
Baltimore & Ohio bonds, .
N. Y. C. & H. R. R.R. Co. bonds, .
N. Pacific R.R. Co bonds,
L. S. & M. S. R.R. Co. bonds, .
Union Pacific R R. Co. bonds, .
Phila., Bait. & Washington R.R. Co. bonds,
Manhattan R'y Co. bonds,
Book Value.
$294,469 96
552,534 25
483,673 63
153,689 12
122,825
51,750
47,176
50,925
125,065
26,805
124,917
115,843
103,498 61
34,203 00
157,090 97
53,03.4
54,947
51,010
52,723
51,176
00
00
25
00
83
00
87
75
72
16
00
61
25
Market Value.
$292,350 00
525,000 00
457,310
151,125
130,200
52,125
51,750
55,000 00
116,857 50
27,437
111,720
105,000
94,500
32,987
149,625
52,000 00
49,875 00
52,500 00
53,500 00
52,125 00
00
00
00
00
00
50
00
00
00
50
00
$2,707,359 98 $2,612,987 50
PRUSSIAN NATIONAL INSURANCE CO. 435
UNITED STATES BRANCH OF THE " PRUSSIAN NATIONAL
INSURANCE COMPANY, 1 ' STETTIN, GERMANY.
Deposit Capital, $200,000.
THEODORE W. LETTON, United States Manager.
Office, Monadnock Block, Chicago, 111.
Income.
Net fire premiums, $759,244.46; Marine, $2,839.81, . . $762,084 27
Interest on bonds, 33,021 64
From all other sources, 60 35
Total income, $795,166 26
Ledger assets, Dec. 31, 1903, 1,036,712 68
Total, $1,831,878 94
Disbursements.
Net amount paid for fire losses, f 370,427.01 ; marine, $1,589.05, $372,016 06
Commissions or brokerage, 160,137 05
Salaries, fees, etc., of officers and employees, .... 69,022 52
Rents, 3,666 72
Taxes and fees, 21,773 02
Loss on sale or maturity of ledger assets, .... 24,632 19
Remitted to home office, 13,982 07
All other disbursements, . . 37,174 62
Total disbursements, . . $702,404 25
Balance, $1,129,474 69
Ledger Assets.
Bonds (Schedule A) $941,196 07
Cash in banks and office, 78,470 37
Agents' balances, 109,808 25
Total ledger assets, $1,129,474 69
Non-Ledger Assets.
Interest due and accrued on bonds, 10,126 40
Reinsurance due on losses paid, 151 44
Gross assets, , . $1,139,752 53
Assets not admitted.
Cash not in control of trustees, . . . $3,597 72
Agents 1 balances over three months due, . 954 40
Depreciation in book value of bonds, . . . 3,403 38
Total unad 
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