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PUBLIC DOCUMENT
. . . . No. 9,
FIFTY-SECOND ANNUAL EEPOET
OF THE
Insurance Commissioner
OF THE
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PART I.
FIRE
AND
MARINE
INSURANCE
BOSTON :
WRIGHT & POTTER PRINTING CO, STATE PRINTERS,
18 Post Office Square.
1907.
I \
• t • « * • * •
C , » r v c . «
'Approved by'
* • * »"«
The State Boap5> of Publication.
0,
TABLE OF CONTENTS.
[For Index to Companies, see end of volume.]
COMMISSIONER'S REPORT.
PAGE
Introductory, v
Companies ceasing to transact Business, . . . ■ . . . v
Companies admitted, vi
The rights of Policy Holders and Loss Creditors, vii
Should the statutes provide a method of settlement? viii
Preference "hy re-insurance, .......... x
Should loss creditors be preferred by statute ? . . . . . . . xii
The Reserves of Fire Insurance Companies, . ... xiii
Department Examinations, . . . xvi
Report of Examination of the American Insurance Company of Boston, xvii
Department Finances, xxxix
Reports of Receivers of Insolvent Fire Companies, xl
Massachusetts Mutual Fire Insurance Companies:
Comparative Table A, . . . .' xli
Massachusetts Mutual Fire-Marine Insurance Companies :
Comparative Table B, xli
Massachusetts Joint-Stock Insurance Companies:
Comparative Table C, xlii
Insurance Companies of Other States:
Comparative Table D, xliii
United States Branches of Foreign Insurance Companies :
Comparative Table E, xliv
Aggregates of all the Companies, xlv
Massachusetts Mutual Fire Insurance Companies :
Table I. — Assets, liabilities and surplus, xlvi
Table II. — Risks, income and disbursements, xlvii
Table III. — Premiums, losses and expenses, ...... xlviii
IV CONTENTS.
PAGE
Massachusetts Mutual Fire-Marine Insurance Companies:
Table IV. — Guaranty fund, scrip, assets, liabilities and surplus, . . xlix
Table V. — Income and disbursements, premiums, losses and expenses, . xlix
Massachusetts Joint-Stock Insurance Companies:
Table VI. — Casb capital, assets, liabilities, surplus and expenses, . . xlix
Table VII. — Income and disbursements, risks, premiums and losses paid, . xlix
Insurance Companies of Other States:
Table VIII. — Cash capital, assets, liabilities, surplus and expenses, . . 1
Table IX. — Income and disbursements, risks, premiums and losses paid, . lii
United States Branches:
Table X. — Risks, assets, liabilities and surplus, ..... lv
Table XI. — Income, disbursements, expenses, etc., ..... lvi
Massachusetts Business in Detail :
Table XII. — Risks writteD, premiums received, losses paid, etc., . . lvii
Table XIII. — Receipts and expenditures of the insurance department, . . lxii
DETAILED STATEMENTS.
Massachusetts mutual fire companies, 1
Massachusetts mutual fire-marine companies, ....... 79
Massachusetts joint-stock fire and fire-marine companies, ..... 84
Fire, marine and fire-marine insurance companies of other States, ... 96
United States branches of foreign companies, 413
Appendix, 496
Report of the Massachusetts District Police, Fire Inspection department, . . 501
Commontoealt^ of ^mmtfynuttB.
Insurance Department, Boston, July 1, 1907.
To the General Court of Massachusetts.
The Insurance Commissioner herewith submits, as required by
law, Part I. of the fifty-second annual report of the insurance de-
partment. In addition to abstracts of the statements of fire and
marine insurance companies, and of their operations for the year
1906, and comments of the commissioner on insurance matters, it
contains an appendix giving the report of the bureau which has
charge of investigating fires and reporting thereon.
The following is a list of the companies of the classes included in
this volume which have ceased to transact business in this Common-
wealth during the year ; also in 1907 up to the date of this report : —
NAME
OF COMPANY.
Location.
Date.
Capital.
Remarks.
Whiting Mutual, .
Boston,
1906.
April 1,
_
Discontinued business.
United States Fire,
New York City, .
April 26,
$250,000
Withdrew.
American Fire,
New York Fire,
Traders',
Philadelphia,
New York City, .
Chicago,
May 1,
May 4,
May 5,
500,000
200,000
500,000
Reinsured in Commercial Union As-
surance and withdrew.
Reinsured in New Hampshire Fire
and withdrew.
Receiver appointed.
Security Fire,
Baltimore, .
June 2,
200,000
Withdrew.
Colonial Fire,
Washington, D.C,
June 4,
200,000
Withdrew.
North German Fire,
New York City, .
June 11,
200,000
Reinsured in Cosmopolitan Fire and
withdrew.
Withdrew.
Withdrew.
Home Fire and
Marine.
Dutchess,
San Francisco,
Poughkeepsie,
July 20,
Sept. 24,
300,000
200,000
German, of Free-
port.
Star Fire,
Freeport, 111.,
Louisville, Ky., .
Nov. 19,
Dec. 12,
200,000
200,000
Reinsured in Royal; receiver ap-
pointed.
Withdrew.
United States Fire,
New York City, .
1907.
May 23,
250,000
Withdrew.
VI
REPORT OF THE
The following companies were admitted either during the year
1906 or in 1907 prior to the date of this report : —
CORPORATE NAME.
Location.
Date of
Authority.
National Lumber Insurance Company,
The Western Reserve Insurance Company,
Union Fire Insurance Company, .
The Delaware Fire Insurance Company of Dover,
Delaware.
The Jefferson Fire Insurance Company of Philadel-
phia.
New Jersey Fire Insurance Company,
Adirondack Fire Insurance Company, . . .
Old Colony Insurance Company, .
The Cosmopolitan Fire Insurance Company of New
York.
Fidelity Fire Insurance Company of New York,
Firemen's Fund Insurance Corporation,
The Hamilton Fire Insurance Company,
The Shawnee Fire Insurance Company,
Dutchess Fire Insurance Company, .
The Franklin Insurance Company,
The Ben Franklin Insurance Company of the City of
Allegheny.
Southern Insurance Company of New Orleans,
United States Fire Insurance Company,
Dixie Fire Insurance Company,
The Virginia Fire and Marine Insurance Company, .
Lynn Manufacturers and Merchants Mutual Fire
Insurance Company.
Rhode Island Insurance Company
Winona Fire Insurance Company
Keystone Mutual Fire Insurance Company,
Manton Mutual Fire Insurance Company, .
National Insurance Company,
First Russian Insurance Company established in
1827.
Russian Reinsurance Company
Millers National Insurance Company,
Richmond Insurance Company of New York, .
Grain Dealers Mutual Fire Insurance Company,
Buffalo, N. Y.,
Cleveland, O.,
Buffalo, N. Y.,
Dover, Del.,
Philadelphia, Pa
Camden, N. J.,
New York City,
Boston,
New York City,
New York City,
San Francisco,
New York City,
Topeka, Kan.,
Poughkeepsie, N. Y.,
Wheeling, W. Va
Allegheny, Pa.,
New Orleans, La
New York City,
Greensboro, N. C
Richmond, Va.,
Lynn, .
Providence, R. I.,
Minneapolis, Minn.,
Philadelphia, Pa.,
Philadelphia, Pa.,
Allegheny, Pa., .
St. Petersburg, .
St. Petersburg, .
Chicago, 111.,
West New Brighton,
Boston,
1906.
Jan. 1»,
Jan.
29,
Jan.
29,
Feb.
26,
March 5,
May
21,
June
4,
June
7,
June
12,
July
11.
Aug.
13,
Aug.
21,
Sept.
12,
Sept.
19,
Oct.
15,
Oct.
19,
Nov.
5,
Nov.
7,
Nov.
10,
Dec.
28,
1907.
Jan. 11,
Jan.
21,
Jan.
24,
April
3,
April
3,
May
8,
May
10,
May
10,
May
20,
June 27,
June 27,
* Guaranty capital.
t Deposit capital.
The above tables, if compared with similar ones of former years,
would of themselves warrant a conclusion that something had
occurred to cause unusual activity among fire insurance companies.
INSURANCE COMMISSIONER. Vll
The next conclusion would be, if the matter were further pursued,
that the changes in the list covering the retirement of such com-
panies are very few, in view of the tremendous test applied to "fire
companies by the great conflagration of California, which cost them
not far from one hundred and forty millions. It is a matter for
congratulation that the companies stood the test so well, whether
the funds to pay the losses came from an accumulated surplus or
were furnished by stockholders. That the latter was the fact in
many cases, the records show, and they show also that the full
strength of a prosperous company is not revealed by a perusal of
the financial statement it makes to the insurance department. It
has, besides, a latent power to pay losses, which, when the test
comes, is sure to be revealed. Such a company has a name, and a
prestige, and good will, and an agency force which to a going con-
cern are worth a large amount, and it is upon these that funds can
be realized when danger threatens it. The instinct to save the in-
vestment comes to the rescue and saves the company if there is any-
thing worth saving. Had it not been for this the list of retirements
would have been different.
The Rights of Policy Holders and Loss Creditors.
The San Francisco disaster has brought to the front for discussion
the question of the rights of policy holders in case a fire insurance
company meets with a loss by conflagration which renders it insol-
vent. Should its assets be used first in paying its losses, or may it
first take from these assets a sufficient amount to reinsure its out-
standing policies, and with the remainder settle with its loss claim-
ants on a pro-rata basis? There is no unanimity of opinion upon
this subject, although it is a little difficult to understand why there
should be any difference, especially where the statute of a State
does not provide that the unearned premium shall not be encroached
upon to pay losses if a company adopts that plan of doing business
and makes provision for it in its contracts.
Possibly this lack of unanimity arises from a failure to appreciate
the purpose of fire insurance and the principle upon which it is based.
In its final analysis, whether the company is a stock or mutual, it is a
method of distributing among the many the losses of the few. Its
purpose is to make good his loss to the sufferer. It is not to pay a
half or three-fourths or any other proportion of his loss in order that
Vlll REPORT OF THE
others who have suffered no loss may escape further burdens. It is
the sufferer by the fire who should receive first consideration. It is
for him and his benefit that insurance companies are established.
Now, to say when losses occur which are greater than the company
has means to pay and remain solvent, that its first duty is to take
care of those who have suffered no loss, leaving the balance of the
funds to be distributed among those who have perhaps lost their all
in a conflagration, is a method of treatment repugnant to the sense
of justice and fair dealing, to say nothing about its being out of
harmony with the honorable and beneficent idea upon which the
business of insurance is founded, namely, that those suffering no
loss should contribute to indemnify the unfortunate.
But it may be urged, especially in a stock company, has not the
policy holder who has had no loss paid the amount demanded for his
protection for a certain definite period, and should not this contract
be kept? The reply is so, too, ought the contract to be kept with
those who have suffered loss, which contract promised to indemnify
them on account of such loss. Is a contract with the former,
whose loss is but trifling, more sacred than that with the latter class,
whose losses have been calamitous? Should the former be placed
in a preferred class of creditors and the latter be told to be content
with the crumbs which fall from the table ? It would seem that it
is going quite far enough in recognition of the claims of those who
have escaped loss to place them for the distribution of assets in the
same class with the less fortunate, as, in the absence of statute law,
the courts have usually done when the question of distribution has
been before them. But the justice and equity of considering these
creditors of even equal rank is open to question when the primary
purpose of insurance is considered, although it must be conceded
that the difficulties to be met by a court in coming to any other
conclusion in view of the contracts entered into by the parties issuing
and taking them in stock companies are many and perhaps insur-
mountable. Such cases doubtless belong to that class where the
question of the real equities do not reach the court, owing to acts
and agreements of others which cannot be ignored.
Should the Statutes provide a Method of Settlement?
But a practical question now is, how should the statute treat this
question ? Should it provide, as do the laws of New York and some
other States, that (1) any fire insurance company may adopt the
INSURANCE COMMISSIONER. IX
principle that the unearned premiums on outstanding policies and
certain other funds shall not be available to pay conflagration losses
and so provide in the policies ; or (2) shall it be left to the courts
to determine in case of controversy, as it is now left in most of the
States ; or ( 3 ) should the statutes provide in effect that those who
suffer loss shall have their claims paid, regardless of claims for un-
earned premiums, if the unfortunate company has sufficient assets to
pay the loss claims ?
If the former rule is adopted it means that the policy holder who
escapes loss is twice fortunate, first in having no loss and second in
being made a preferred creditor ; while the policy holder who has
seen his possessions go up in flame and smoke not only has that mis-
fortune, but the additional one that he must be, as a creditor, content
with the leavings, however meagre. And here it should be said that
in case of a catastrophe to such a company to an extent that calls
into play the provision of the statute in question, the sole amount
available for the payment of conflagration losses is what the company
possesses in assets above a certain special fund, unearned premiums
upon outstanding policies and other liabilities ; in other words, the
capital, guaranty surplus fund and surplus of the company. How
many who insure in such a company comprehend the fact that if they
are caught in a conflagration which hits the company hard their only
hope of indemnity from that company is what they may recover
from those funds? How many persons subject to a conflagration
hazard would select such a company for patronage if they could se-
cure sufficient insurance in companies whose total assets would be
liable for conflagration losses ? Such a company doubtless has at-
tractions to those who are not subject to a conflagration hazard, be-
cause outside of congested districts ; but San Francisco policy
holders discovered, if they did not comprehend it before, that the
little clause in their policies limiting the company's liability under
certain conditions was not put in there without a purpose.
That a company should by statute be allowed to escape the conse-
quences of a conflagration when it deliberately issues policies so that
it becomes subject to that risk is a proposition which should not pass
unchallenged, especially since it may escape such risk, if it desires,
by keeping out of congested districts, or by writing cautiously
therein. Is it not better policy to say to a company in respect to
all its underwriting ventures, if you sow to the wind you shall reap
the whirlwind, rather than for the State to say, we will allow you to
X REPORT OF THE
relieve yourself of a part of your liabilities by repudiating the em-
barrassing portion of them if you " take a chance " by assuming for
the purpose of getting the premiums a bunch of risks that it would
not have assumed but for the chance of escaping fatal consequences?
Preference by Reinsurance.
Passing to the consideration of the second question, it may be
said that there are cases where the reinsurance of outstanding
policies by a company that has met severe losses in a conflagration
would not be a detriment to those who have experienced losses,
although in the balance sheet the assets might not equal the
liabilities. This condition arises from the fact that a reputable
company can usually reinsure its risks for a smaller amount than
the unearned premium liability on such risks. If the saving is 30
per cent., it means that the company gets rid of $1 of unearned
premium liability for every 70 cents it pays out on that account.
On $500,000 of such liability it would save $150,000, which would
be available for the payment of losses. Such reinsurance would
not be a detriment to the loss creditors until the company's inability
to pay reached the point where it would be less advantageous for
them to accept pro rata the residue of the funds after the reinsurance
is paid for than to participate pro rata with the outstanding policy
holders in the total assets of the company before reinsurance. Just
where this point would be could be easily figured in a given case
where all the conditions are known. To be sure, it is somewhat
theoretical, and there might be danger of misunderstandings in act-
ing upon it, and great danger that all the conditions would not be
known. The result of action upon imperfect knowledge of the con-
ditions would of course be to the detriment of the loss claimants, if
to anybody, for the reason that in event of such action resulting in
reinsurance those whose risks are reinsured receive their dues in full
at the outset, and become exempt from future chances.
We have recently had a conspicuous example of this in our own
State, when the American Insurance Company of Boston, soon after
the San Francisco disaster, reinsured all of its outstanding risks,
thus settling in full with that class of creditors, while it soon after
began an attempt to settle with its claimants in San Francisco for
40 per cent. A statement furnished this department, upon its re-
quest and after much deliberation, over the signature of its president
INSURANCE COMMISSIONER. XI
and its secretary, and the counsel and a director of the company,
showed that in their belief the liabilities of the company on ac-
count of the San Francisco disaster would not exceed $400,000.
As it then appeared that it would be no detriment to the San
Francisco claimants for the company to reinsure, no obstacles
were placed in the way of such consummation. Subsequent rev-
elations, however, made it evident that the administration of the
company's affairs was not conducted as would be expected of a
reputable company in a solvent condition. The details of the case
may be found in the examiner's report, published elsewhere in this
volume.
It is a question whether, under the Massachusetts statute as it
then stood, the reinsurance could have been prevented. The com-
pany's officers claimed that it was solvent ; it would have been
extremely difficult at that time to prove to the contrary. In very
few if any of the States are there any statutes that would have pro-
hibited the reinsurance contract. In several States there were
similar transactions. Nevertheless, it would appear to* be a tramp-
ling upon the rights of the creditors who met with loss in that dis-
aster, and who, if a contract of insurance is to mean anything, were
entitled to receive from the company at least a pro-rata distribution
of the assets, based on the liabilities under the contracts. The
Massachusetts statute giving the Insurance Commissioner authority
to act in such cases has now been amended and extended, and for
the convenience of those interested is here inserted : —
Section 8. If it appears to the insurance commissioner that the capital
of a domestic insurance company is impaired to the extent of one-quarter
or more on the basis fixed in section eleven, and that the company can with
safety to the public and its policy holders be allowed to continue in busi-
ness, he shall notify the company that its capital is legally subject to be
made good in the mode provided by section thirty-eight, and if such com-
pany shall not within three months after such notice satisfy him that it has
fully made good its capital or reduced it, as provided in section forty ; or
if he is of opinion that any domestic insurance company has exceeded its
powers ; or has failed to comply with any provision of law ; or that its
condition or management is such as to render its further transaction of
business hazardous to the public or to its policy holders or to its creditors ;
or that it has attempted or is attempting to compromise with its creditors
on the ground that it is financially unable to pay its claims in full ; or if
Xll ' REPORT OF THE
when its cash assets are less than its liabilities, inclusive of unearned
premiums, but exclusive of capital if any, it attempts to the disadvantage
of policy holders who have sustained losses to prefer or has preferred by
reinsurance policy holders who have sustained no loss ; or if it is insolvent, he
shall apply to the supreme judicial court, which shall have jurisdiction in
equity of such application, for an injunction restraining it in whole or in part
from further proceeding with its business. The court may issue an injunc-
tion forthwith and may, after a full hearing, make the injunction perpetual
and may appoint agents or receivers to take possession of the property and
effects of the company and to settle its affairs, subject to such rules and
orders as the court may from time to time prescribe.
Should Loss Creditors be preferred by Statute?
The final question raised for consideration is this : In case of the
insolvency of a fire insurance company should the statutes of the
State provide that those persons who have become its creditors by
reason of losses by fire shall have advantages over those policy
holders whose only claim is for unearned premiums? As has
already been intimated, unless the statutes do so provide, the courts
in case of a stock company will consider that the contracts held by
the two classes, which not only agree to indemnify in case of loss
but also provide for a return of the unearned part of the premium
in case of cancellation, give each class equal rights, and decree
accordingly.
It is a fact which no one will question that a person takes out a
fire insurance policy in order that he may be indemnified in case of
loss. If the choice were given him between two policies, one of
which provided for the full indemnity purchased by his premium,
but for the loss of the unearned part of the premium in order to
pay other loss claimants in full in case of a conflagration, or a policy
that provided for part indemnity in case of a conflagration, but
gave the policy holder the right to demand his pro-rata share of his
unearned premium, or to have his policy kept in force in case he
himself had no loss by fire, he would take the one providing for
full indemnity. In other words, he would not care to suffer loss
of a part of what might be coming to him as indemnity after the
misfortune of fire for the sake of retaining an interest in a trifling
sum comparatively when he had met no misfortune. As there can
be no doubt that this is a correct conclusion as to the choice an
insurer would make when he takes out his policy, why is it not
INSURANCE COMMISSIONER. XI 11
the proper rule to apply in the administration of the affairs of an
insolvent fire insurance company, and why should not this rule be
embodied in law? Before the insolvency occurs is the time and
the only time when such a question can be viewed by the insured
without prejudice. It is the consensus of opinion formed before the
event that should govern, and that would seem to point to a settle-
ment which would favor those who have suffered from the mis-
fortune of fire rather than place them simply on equal terms with
those whose only interest is to receive a part of what they have
paid for their insurance.
Would it not be well to have this matter settled by statute ?
The Ee serves of Fire Insurance Companies.
It is the vogue just at present on the part of a few to proclaim
that the rule adopted for ascertaining the reserve liability of fire
insurance companies is wholly wrong and should be changed. That
rule is in this country 50 per cent, of the gross premiums written
in the policies for those policies running one year or less, and a
pro-rata amount on a monthly basis for policies of longer duration.
In an old company which writes substantially a uniform amount in
each month of the year, whether of yearly or term business, the
result of the computation is just about 50 per cent, of the premiums
in force. This, it is said, is too much. It is more than is necessary
to reinsure the business, and more than would be required to cancel
all the policies on the request of the insured at short-time rates,
they say. The conclusion, therefore, in their minds is that the
reserve might be reduced, and the companies would still have enough
to pay all their losses as they accrue. A reserve of about 35 per
cent, they hold to be sufficient.
Now, it is true that there has been a great change in the methods
of doing business since the 50 per cent, rule for reserve was first
adopted. Then no such allowance had to be made for expenses as
now. There was no initial outlay of 20 to 25 per cent, for com-
missions. Speaking broadly, a company had earned one-half the
premiums on a policy when one-half of its term had expired. In
other words, it needed just as much of the premium to carry the
policy the last half of its term as the first half. Moreover, it was
found that a company with a fairly long experience had on any date
XIV REPORT OF THE
earned one-half of its annual premiums, as on the average such
policies had just half a year longer to run. That fact established,
one-half of the premiums should be held in reserve to pay the losses
on a company's policies for the rest of the time they had to run.
It was a simple, correct and logical rule. Naturally, when State
supervision was established this rule was adopted for the reports.
Massachusetts adopted it first in the 1860 report. Gradually,
direct applications for fire insurance policies diminished, until to-
day there is hardly a policy issued which does not yield somebody
a commission. Commission rates, too, are constantly advancing.
The question arises whether the company would be safe if it should
hold as a reserve only 50 per cent, of that part of the premium
which is for the payment of losses, and no part of that portion which
is for the expense of getting the business on the books.
Plausible as the contention for a new basis of reserve for such
companies seems at first thought, there are, nevertheless, several
considerations which should not be lost si^ht of in a discussion of
the question. In the first place, the premium as written in the
the policy is not divided into an expense portion and a portion to
be applied to the payment of losses. To the policy holder it is a
homogeneous whole. If the company cancels, he gets under the
terms of the policy a pro-rata share of that homogeneous whole,
regardless of whether 25 per cent, of it has gone for commissions.
If he cancels, he gets the balance of that homogeneous whole after
the deduction of the cost of carrying at short rates the policy for
the time it has run. If a company reinsures, its obligations and
liabilities to the policy holder are precisely the same while its poli-
cies are outstanding. If the company taking the risks by reinsur-
ance fails, the company which ceded them loses in part at least what
it has paid for the reinsurance, and has all the responsibility and
burden of carrying out the contracts thrown back upon it. If a
great loss were suffered in this way, and only a 35 per cent, reserve
maintained, it is difficult to see how a company would be in a posi-
tion to meet its obligations to cancel policies even on a short-time
basis. But, it will be said, this is an exceptional case, and it is
unfair to apply a rule to all companies at all times to meet a possi-
ble exceptional experience. A sufficient reply, to this would seem
to be that many rules of law are made to cover exceptional cases.
But for those cases the law need not bother with the question of
INSURANCE COMMISSIONER. XV
reserves at all. A majority of companies would do the safe and
prudent thing without compulsion, just as the great majority of men
do not need a statute to keep them from committing murder or
grand larceny. But aside from the fact that the cancellation clause
of the policy would preclude much diminution of the present reserve
without considerable risk to the company in certain cases, and
would leave the company without means to retire from business by
cancelling its policies on its own motion, it cannot be doubted that
such reduction would tend to promote extravagance and weaken the
companies. If a less part of the premiums had to be saved a still
greater part could be used for expenses and dividends, and there
would be still greater insistence for larger commissions. The result
would be that the sum which is now retained for the protection of
the public, but which it is proposed to release, would, in the cases
where there is the greatest need that it be kept, be used for expenses
and dividends, and no advantage would accrue to the public in
lower rates or otherwise ; but there would be a loss of protection,
although the cost of it would remain the same.
There has been an attempt to show that the present reserve re-
quired is a menace to the solvency of companies in case of great
conflagrations. The logic of the position seems to be that the more
assets a company has the more likely it is to fail ! The general
belief is that the contrary is true. Let us look at the facts. What-
ever the standard fixed by law for the reserve, whether it be 50 per
cent, or 35 per cent., all that a company can pay out for losses
without becoming impaired is its surplus on the day of the disaster
plus the reserve on the policies which mature by reason of that
disaster. The company that maintains a surplus of half a million
would have the same loss-paying power before becoming impaired,
whatever the basis of reserve. In order for the company to have a
greater loss-paying power without impairing the funds it must hold,
it must maintain a larger surplus. If the reserve were reduced, is
there any probability that the companies which need larger amounts
in the surplus funds would accumulate them ? It would require a
high degree of optimism to believe that of some of them. It is
much nearer the probability to hold that the companies which are
the most reckless and consequently need the largest surplus for the
protection of their policy holders would be the very first to take
advantage of any diminution allowed by law in respect to reserve to
XVI
REPORT OF THE
increase stockholders' dividends, and make a higher bid for business,
which the intrinsic merit of the company would not attract.
The best solution of the difficulty, if it is one that requires solu-
tion, would seem to be, not to weaken the companies by reducing
the amount of reserve they must carry, but, rather, to provide in
the law that they may have a reasonable time to make good any
impairment which results from abnormal losses by reason of a con-
flagration, instead of the present statute, which it is conceivable
might terminate a company's existence before it had had an oppor-
tunity to recover from the shock of the calamity. This period need
not cover more than one year, as it has been proved that that period
is ample, by the recuperation of many companies which suffered
beyond the point of solvency for the time being from the San Fran-
cisco disaster.
Department Examinations.
Below is a list of the companies examined by this department
during the year 1906, with the location of the home offices of the
various companies, and the year of the examination next preceding,
following which is a report of the special examination of the Ameri-
can Insurance Company of Boston : —
American Insurance, .
Annisquam Mutual, ....
Arkwright Mutual, .
Boston Manufacturers1 Mutual, .
Cotton and Woolen Manufacturers1 Mutual
Fitchburg Mutual, ....
Industrial Mutual,
Mercantile Fire and Marine,
Merrimack Mutual,
Mutual Protection Fire,
North American,
Old Colony,
Rubber Manufacturers1 M utual, .
South Danvers Mutual,
West Newbury Mutual, ...
Besides the above companies, the following companies of other
classes were examined during the year : —
American Birth Insurance, .... Boston.
American Mutual Liability, . . . . Boston, . . December, 1903.
Columbian National Life, .... Boston, . . October, 1903.
Conveyancers1 Title, Boston, . . December, 1903.
Boston,
December, 1905.
Gloucester, .
December, 1903.
Boston,
November, 1903.
Boston,
. November, 1903.
Boston,
November, 1903.
Fitchburg, .
. November, 1903.
Boston,
. November, 1903.
Boston,
October, 1904.
Andover,
November, 1904.
Charlestown,
November, 1903.
Boston,
April, 1903.
Boston.
Boston,
" November, 1903.
Peabody,
December, 1903.
West Newbury,
September, 1903.
INSURANCE COMMISSIONER.
XV11
Massachusetts Title,
State Mutual Life,
Union Mutual Life,
. Boston,
. Worcester, .
. Portland, Me.
December, 1903.
January, 1903.
Report of Examination of the American Insurance Company of Boston,
Hon. Fred'k L. Cutting, Insurance Commissioner, Boston.
Dear Sir : — I hereby submit my report of the special examination of
the American Insurance Company of Boston, made pursuant to your direc-
tions, showing the condition of said company Oct. 12, 1906, and its trans-
actions from Dec. 31, 1905, to the date of the examination.
Income.
Fire premiums, • . . . $284,378 27
Extra fire premiums, 2,393 21
Marine premiums, . 951 19
$287,722 67
."'■.. 18,006 46
Interest, . . . .
Borrowed money, viz. : —
Old Boston National Bank, loan account,
Old Boston National Bank, overdraft, .
Profit and loss, — profit on sale of securities,
Total income,
Ledger assets Dec. 31, 1905,
$54,928 24
2,843 90
57,772 14
16,315 12
$379,816 39
769,984 49
Total, $1,149,800 88
Disbursements.
Losses,
Purchase of San Francisco claims,
Dividends to stockholders, ......
Return premiums, . . . .
Reinsurance (per ledger account), .
Firemen's Insurance Company, for reinsurance,
Taxes and fees, .......
Expenses, . . . . .
Commissions and brokerage, .
Loss on sale of securities,
Total disbursements, . . .
$,961 40
294,613 64
12,000 00
84,743 43
25,912 99
258,995 11
12,834 48
55,151 35
49,566 64
11,725 50
Balance,
Ledger Assets.
Mortgages,
Stocks and bonds, per schedule, . .
Cash in office, . .
Agents1 balances (debit, $41,021.38 ; credit, $5,837.86),
Total,
844,504 54
$305,296 34
$20,000 00
249,834 08
278 74
35,183 52
,296 34
XV111
REPORT OF THE
Non-Ledger Assets.
Due from other companies for reinsurance on losses other than San
Francisco claims and which occurred prior to reinsurance in the
Firemen's, •
Face value of claims against other companies for reinsurance on
San Francisco losses paid by American prior to October 12, per
schedule A,
Interest due on mortgages, .
Interest accrued on mortgages, .
Interest accrued on stocks and bonds,
Market value of stocks and bonds over book,
Gross assets,
$104 17
375 00
2,550 04
$6,215 29
43,450 00
3,029 21
19,460 92
$377,451 76
Not admitted.
Agents1 balances, . $41,021 38
Market value of Boston Terminal bond deposited
with Fidelity and Deposit Company as collateral, . 2,205 00
43,226 38
Admitted assets, $334,225 38
Liabilities.
Unpaid losses other than San Francisco claims,
Less reinsurance on same, ....
Face of San Francisco claims,
Face of reinsurance on same,
Due Old Boston National Bank, loan account,
Due Old Boston National Bank, overdraft,
Liabilities, except capital,
Cash capital, .
$22,844 36
930 38
$335,300 00
45,150 00
$54,928 24
2,843 90
$21,913 98
290,150 00
57,772 14
,836 12
300,000 00
,836 12
Total liabilities, .
[Schedules A, B and C omitted.]
Losses.
The "losses" other than those occasioned by the San Francisco con-
flagration, are shown by the ledger account to be $38,961.40, but this
amount includes $8,000 paid to R. W. Hosmer as a commission on the
settlement of the San Francisco claims, the details of which are discussed
in a subsequent paragraph of this report; it also includes $1,250 paid to
E. G-. Pieper, the company's adjuster, who has 'been stationed in San
Francisco since about the middle of May. The latter amount was trans-
ferred to the expense account during the progress of this examination.
INSURANCE COMMISSIONER. XIX
History.
This company was incorporated, and commenced business, in June,
1818. Its last annual statement to this department shows that on Decem-
ber 31 last it had admitted assets of $791,601.79, a paid-up cash capital
of $300,000, and a surplus over all liabilities of $83,917.39.
The San Francisco earthquake occurred on the morning of April 18,
1906, and was immediately followed by the most disastrous conflagration
which ever occurred in this country.
It now appears, from the books of the company, that, at the time of the
disaster, the American had insurance in force in the burned district of San
Francisco aggregating $1,148,539.10, and, in view of its inability to de-
termine the amount of the loss for which, I assume, it would not be liable
under its policy contract, it is evident that this company not only became
insolvent, but that it lost its entire capital by the San Francisco con-
flagration.
That the officers of the compauy early realized that the corporation
became insolvent by the disaster appears to be shown by the fact that on
April 23 the directors voted to "cease writing business until the company
is proven solvent."
Soon after the disaster, your examiner, pursuant to the instructions,
interviewed the secretary of the company concerning its losses in San
Francisco, and was advised that the American estimated its loss at
$800,000 ; that the company had notified its agents to cease writing busi-
ness ; and that it was then negotiating for the reinsurance of its outstand-
ing risks. Shortly after this interview, the secretary and the senior
counsel of the company, with its general agent, R. W. Hosmer of Chicago,
who was the manager of the company's western department, including the
Pacific coast, visited this department, and, in an interview with the Deputy
Insurance Commissioner and the Attorney-General, stated that its first
estimate of the San Francisco losses, as reported to the examiner, was
largely in excess of the probable loss, as shown by later advices, and then
claimed that this loss would not exceed $400,000, and would probably be
less.
Following these several interviews, this department further interrogated
the company concerning the proposed reinsurance, and its ability to dis-
charge its liabilities, and was assured by the senior counsel of the company
that, if permitted to reinsure its business as contemplated, it would still
be in possession of sufficient assets to liquidate its outstanding losses and
all other obligations in full, excepting the liability to its stockholders.
These verbal representations were confirmed by a certificate filed with this
department on April 27, and which reads as follows : —
XX REPORT OF THE
Boston, April 27, 1906.
To the Insurance Commissioner of Massachusetts, State House, Boston.
Dear Sir: — The undersigned president, secretary and one of the directors
of the American Insurance Company of Boston hereby put in writing, for the
information of your department, their belief that the net amount of loss by fire,
for which the American Insurance Company is liable, will not exceed $400,000.
The Pennsylvania general agent of the American Insurance Company, on
going over the maps of the burned district carefully with the president of the
Home Insurance Company of New York, reports that, in his belief, the loss will
not exceed |400,000. Our Pacific coast manager has also wired that, on account
of the immense salvage which will be affected by reason of the earthquake and
other causes, the liability will not exceed this amount.
Francis Peabody, President.
Henry S. Bean, Secretary.
Francis Peabody, Jr., One of the Directors.
As the assets of the company, at the time the above certificate was filed,
were stated to be about $500,000, after providing for the proposed rein-
surance of all the net risks in force, on which there had been no loss, it
was evident that, had the loss not exceeded $400,000, as estimated by the
company, it would have been able to have discharged all of its obligations
in full, and might have been able to have made a dividend to its stockholders.
At a directors' meeting, April 26, 1906, the president was authorized to
reinsure all outstanding risks with the Firemen's Insurance Company of
Newark, N. J., and to dispose of any of the securities held by the company.
Under date of April 27, 1906, a contract was executed, reinsuring the
net liability of the American, on which there had been no loss prior to that
date, as authorized by the board of directors. A copy of the contract is on
file with this department. The American paid the Firemen's $275,285.32,
and has since recovered from that corporation, on account of return pre-
miums, losses, adjustment of errors in schedules, etc., $16,290.21.
E. G. Pieper of Boston, the company's adjuster, was sent to San Fran-
cisco, and arrived there about the middle of May ; and R. W. Hosmer, the
manager of the company's western department, arrived in Oakland June 14.
Hosmer and Pieper both represented the American in San Francisco, and
had charge of the settlement of its losses there, subject to the direction of
the company.
We find upon examination of the company's ledgers, as shown by the
disbursement section of this report, an account known as ,the ".purchase of
San Francisco claims," which consists of amounts -aggregating to $294,-
613.64, which amounts were deposited from time to time by the American
Insurance Company in the Old Boston National Bank of Boston to the
credit of Edmund K. Arnold, a member of the firm of Peabody & Arnold,
which firm is counsel for the company. Of this amount, $293,830.80,
INSURANCE COMMISSIONER. XXI
as shown by the schedule of assigned claims, herewith submitted as Ex-
hibit B, had, at the date of the examination, been used by Arnold in the
payment of drafts drawn by Hosmer or Pieper, the company's representa-
tives in San Francisco, on account of the San Francisco " claims purchased
by Arnold," as the company expresses it, which claims have been pur-
chased at the company's expense and with the company's funds. These
claims were severally assigned to Arnold by the assured, " to his own use,'*
and on the 12th of October, the date on which this examination was com-
menced, none of said claims had been transferred by Arnold to the com-
pany ; but, during the progress of the examination, Arnold assigned these
claims to the company, as shown by the assignment herewith. The ex-
planations of the officers of the company concerning the object of, and the
reason for, this method of procedure in the settlement of the San Francisco
losses is disclosed by the company's correspondence.
Policy Contract.
The policy issued by the American rn San Francisco contained no
"earthquake clause," but provided : —
If a building, or any part thereof, fall, except as the result of fire, all insurance
by this policy on such building, or its contents, shall immediately cease.
It also provided that : —
This company shall not be liable for losses caused directly, or indirectly, . . .
by order of any civil authority.
It is, of course, well known that the earthquake did considerable damage,
and that some of the property is said to have been damaged or destroyed
by "civil authority" to prevent the progress of the flames. It is also
understood that well-constructed, steel-frame buildings on good foundations
were but slightly damaged by the earthquake, but were gutted by the fire,
and that, except in a comparatively few instances, the principal damage to
frame buildings was from fire, and not from the earthquake, or by order of
civil authority. It must be conceded, I assume, that the American would
not be liable under its contract for damage to buildings which fell before
the fire reached them, or for damage caused by blowing up the buildings,
or for loss or damage to the contents of buildings of either of these classes,
provided the company could prove the loss or damage was from either of
the stated causes, and not from fire. But is it possible, except in a com-
paratively few cases, to use such a defense?
One prominent adjuster says : —
It was not within the power of human wisdom even to approximate the ruin it
[the earthquake] had wrought.
XX11 REPORT OF THE
And the company's own representatives, referring to this matter, wrote
as follows : —
From Hosmer, at Chicago, to Bean, May 12 : —
The latest reports from San Francisco that I get seem to show that there will
be great difficulty proving (except in individual cases) that the earthquake
destroyed the building, or any part thereof, before the fire. This fact is no more
than I expected, and, as I said in Boston, I think our chances for salvage will
come from the fact that the assured need ready money.
From Pieper, at Oakland, to Hosmer, May 14 : —
I find the conditions in San Francisco much worse than is the opinion in the
east. The general impression has been that the total amount in the burned dis-
trict could be settled at about 50 per cent. This has now been increased to 85 per
cent. The destroyed area covers 528 city blocks and 84 blocks partly destroyed,
and in the entire 612 blocks is not much salvage. Outside the burned district
nearly every building has some earthquake damage, chimneys are broken down
and in some cases small parts of walls are cracked or down. Notwithstanding
this, it is a question to prove earthquake damage in the burned district, as all evi-
dence is removed, and while I am sorry to look upon it in so gloomy a light, the
facts are there.
Hosmer, at Chicago, to Bean, May 25 : —
Mr. Pieper seems to feel that the chances to prove that the earthquake destroyed
the building is very slight, and his testimony is concurred in by most of the relia-
ble adjusters who have been there, so that the magnitude of the loss is not
comprehended.
Hosmer, at Oakland, to Bean, August 30 : —
I note . . . the point you make, as to our non-liability from "earthquake,
dynamiting and the destruction of the water supply," and I want to say to you,
privately, that while these claims are without doubt of great value, from a moral
standpoint, practically they would not hold in this country and State at this time.
It is therefore manifest that the foregoing clauses in the company's poli-
cies, as a rule, afford it no relief, against claims for the full amount of the
loss or damage, when such loss or damage does not exceed the amount
insured. . .*.
Misrepresentation.
So far as I know, it was never intimated to this department, either in any
of the interviews previously mentioned, or otherwise, that, the officers of
the American intended to compromise " its adjusted claims" in San Fran-
cisco, or elsewhere, but, on the other" hand, it was represented from time to
time that, while the company's assets were probably sufficient to enable it
to pay all of its obligations to its policy holders in full, it did not propose
to settle its losses in San Francisco until such time as it knew the approxi-
mate amount of its liability. We were also given to understand that such
INSURANCE COMMISSIONER. XX111
claims as would be purchased in San Francisco by Mr. Hosmer were pur-
chased by him for Mr. Arnold, and the department had no reason to
suppose that the funds of the company were being used for that purpose.
The understanding of the department concerning these matters is conclu-
sively shown by the letters of the Deputy Insurance Commissioner, under
date of May 17, July 19 and August 1, respectively. . . .
The Correspondence
of the company so clearly demonstrates the methods adopted in the settle-
ment of its San Francisco claims, and presents the past, present and future
financial condition of the corporation in such a comprehensive manner,
that copies of, and extracts from, the same are herewith submitted as
Exhibit A, from which it appears that, notwithstanding its representations
to this department, the company has, from the first, contemplated settling
its claims at a percentage of the amount insured, and without regard to the
merits of each individual case, or the legal and equitable rights of the
policy holders. »
It has previously been noted that K. W. Hosmer of Chicago, who had
charge of the company's western department, visited this department soon
after the California disaster, and prior to the 27th of April, the date on
which the company reinsured its business, and filed in this office a certifi-
cate concerning its losses in San Francisco.
The correspondence would seem to indicate that a plan for buying up
the claims may have been formulated in a general way during Mr. Hosmer's
visit, for the first letter of importance on this subject, which has been
shown your examiner, was from the secretary to Hosmer, under date of
May 5, and in which the secretary says : —
When the San Francisco losses are adjusted, and (we will say) you are in proc-
ess of settling them, what would you recommend should be my attitude towards
one of the claimants who persists in ignoring you or any representative of the
company on the spot, and comes either direct, or by letter, to the office ? Does it
fall upon me to make a compromise with him, or is there any way that he can be
turned down, pending the accomplishment of your work?
It will be noted that this significant and unique communication was
written only eight days after the company filed, in this office, the certificate
of April 27. What does the secretary mean when he says : —
Is there any way that he can be turned down, pending the accomplishment of
your work ?
To what ' ' work " does he refer in the very first letter written to the
general agent after his visit to the home office of the company?
And to which Hosmer replied from Chicago, under date of May 9, as
follows : —
XXIV REPORT OF THE
Regarding your letter of the 5th inst, as to what attitude you should adopt
towards claimants who persist in ignoring the representatives of the company at
San Francisco, in case of any compromise being made, would say that it is pretty
early to decide that, but my idea would be not to offer him any more than was
being offered the San Francisco claimants direct. I think it most important, as
stated when in Boston, that no one should know the absolute status of the com-
pany except yourself and Mr. Peabody, and I should not be disturbed by the first
bluff that was put up by any one of the claimants who might wish to overreach
the others. At all events, after we have settled quite a number of claims, we
will, without doubt, be in shape to control our own receivership, and they would
hesitate before entering into legal proceedings against us unless they had some-
thing definite to work upon, or upon provocation from us, which they would not
probably receive.
I think, therefore, your attitude should be — in event of any such a case com-
ing up — one of conciliation, but unable to offer any more than that offered by
your representatives in San Francisco.
This reply seems to have met the approval of the secretary, for under
date of May 12 he wrote Hosmer : —
I am very much obliged for your advice in regard to legal claimants, but we
trust that we shall be able to hold up our own in this matter without friction-.
On May 19 the secretary sent Hosmer a copy of the assignment of
claims to Arnold, and suggested that Hosmer write Pieper to go no farther
than to accept proofs until he and Pieper "can act together under our
advice in any attempt to buy up things."
On May 20 Pieper sent the secretary a statement showing "amount at
stake" in the burned district to be $1,171,139.10, with $457,724.35 of re-
insurance, of which $216,458.35 was in the Phenix of New York, a reliable
and solvent company, making the net amount subject to loss $713,414.75.
In same letter he asked for permission to draw on the company for such
losses as he could settle at not exceeding 40 per cent, of the amount of the
policy. This permission does not appear to have been granted, and it
appears that Pieper's request was vetoed by Hosmer, who wrote on
May 28 : —
I do not think he is competent to handle this end of the business, and he does
not fully understand it and does not believe in it apparently from his last letter
to me.
We have no means of knowing the contents of Pieper's letter, but it is
evident from Hosmer's communication that Pieper, at that time, did not
approve of the scheme proposed for " buying up " the claims instead of
settling them in the usual manner.
On May 25 the secretary wrote Hosmer that he must not estimate that
the American had more than $400,000 for San Francisco policy holders,
and " we cannot possibly suggest more than 40 per cent, for a compromise.'*
INSURANCE COMMISSIONER. XXV
Suggesting 40 per cent, as a compromise would seem to preclude the
company's contention that 40 per cent, on the face of each policy, without
regard to the amount of the loss, or the manner in which it occurred,
represented the measure of the American's liability.
In view of this suggestion, why should the secretary have wired Hosmer,
June 20 : —
All newspapers here have reported you are offering 40 per cent, and quoting
you as to gross liability. Massachusetts Insurance Commissioner inquiring as to
facts.
And in view of the facts as disclosed by this examination, why should
Hosmer have replied on same day : —
Newspaper reports incorrect.
And in view of the secretary's letter of May 5, in which he speaks of a
compromise and the u accomplishment of your work;" of his communica-
tion of May 19, in which he sent Hosmer copy of assignment to Arnold;
of his letter of May 25, when he suggests the basis of the compromise; as
well as the fact that their books show that on June 14 the company had
made a deposit, in the Old Boston National Bank, to the credit of Edmund
K. Arnold for the purpose of enabling him to honor Hosmer's drafts for
claims settled, — in view of all these circumstances, why should the secre-
tary have written the department on June 23 : —
It is the policy of the company to delay making payments until they can find
out the approximate amount it is liable for, or until adjustments are completed.
And why, on the preceding day, should he have wired Hosmer : —
Commissioner has been told settlements aVaited knowledge of entire liability
before paying any one claim. Are you therefore safe in paying any one claim?
Why the interrogation, if the facts were as represented to the depart-
ment?
If the motives of the company were pure, why, on June 21, did Bean
state, in an interview with a representative of the Boston " Daily Adver-
tiser," as shown by the " Advertiser" of June 22, that: —
Hosmer had been sent to San Francisco to determine the losses, but had no
power to make terms with any of the policy holders.
In this connection, your attention is called to the contradictory state-
ments of the secretary in the interviews, as published about June 20,
abstracts of which will be found in Exhibit A, and in the statement pub-
lished on page 583 of the " Standard" of June 23.
On June 22 the deputy commissioner questioned the company concerning
its losses in San Francisco, and also concerning its financial condition.
XXVI
REPORT OF THE
On June 23 the company replied, furnishing the information desired. On
June 25 the company sent Hosmer, its California representative, a copy of
the correspondence. On June 30 Hosmer wrote the secretary, acknowl-
edging receipt of the correspondence and the financial statement of the
company furnished to this department. In this letter Hosmer says : —
For your eye only, I enclose statement I have made up and which I show
occasionally to those who wish to know how I arrive at 40 per cent. It jibes with
your statement all right, as you omitted certain charges I put in.
These two statements, arranged in parallel columns, show that Hosmer
was using, in order to force settlements, a false representation of the com-
pany's condition, unless we assume that the secretary made a false state-
ment to this department : —
Company.
Hosmer.
Total assets,
Gross losses in San Francisco, ....
Less reinsurance, . . . . . . .
|496,704 32
$1,121,689 00
451,766 00
$436,460 00
$1,221,891 00
242,016 00
Net San Francisco loss, ....
Losses outside of San Francisco,
$669,923 00
Not given.
Not given.
$979,875 00
40,000 00
Total liability,
11,019,875 00
Not including amount due from Pacific coast and Chicago general agents,,
which, at the date of the examination, amounted to about $24,000.
In a letter to Bean, under date of May 28, Hosmer writes, concerning
the reinsurance in the Phenix, amounting to $225,000 : —
I shall not, in making up any statement which I may show the committee of
our loss claimants, show any reinsurance in the Phenix, as that is something
entirely outside of our ordinary and proper reinsurance, and something which I
do not feel absolutely entitled to, thus showing our losses are something over
$900,000.
You will observe that Hosmer underestimates the assets by about
$90,000 while his statement shows that the gross loss was about $100,000
more than the amount represented by the secretary ; it also shows the
reinsurance on the San Francisco claims to be $242,000, instead of
$451,000 as represented by the secretary. It is evident that Hosmer has
eliminated from the reinsurance the amount due from the Phenix of New
York, a perfectly solvent company, which had reinsured certain term
business of the American. This reinsurance in the burned district of
San Francisco amounted to about $225,000, as shown by the report of the
secretary, filed in this office June 23.
INSURANCE COMMISSIONER. XXV11
Hosmer, moreover, represented the liabilities of the company to be
something over $1,000,000, and with assets of only $436,000. It would,
of course, be evident from his showing that the company could pay only
about 40 per cent, of its liabilities. The statement filed with this depart-
ment by the secretary shows that its assets were, in round numbers,
$520,000, and its net liability, on account of its San Francisco claims, —
not deducting salvage, — about $670,000.
So far as we have been able to discover, Hosmer was never instructed
not to make use of the statement which he forwarded to the company, and
which he stated he was occasionally showing claimants who wished to know
how he arrived at a 40 per cent, basis.
It thus appears to be conclusively shown that prior to June 23 arrange-
ments had been completed for Hosmer to settle claims in San Francisco at
40 per cent, on the face of the policy, notwithstanding the company's
statement in its letter of June 23 to this department.
About June 20, he was accused of representing that the gross losses in
San Francisco were, in round numbers, $1,200,00Q, with $200,000 rein-
surance, and of offering 40 per cent, in settlement, which statement was
emphatically denied in his telegram of June 22. And yet his statement
of June 30 shows that he was showing claimants the figures which he
denied using.
In a letter dated July 17, a copy of which appears in Exhibit A, the
president wrote Dorville Libby of California : —
It is paying all that it can now, and is sacrificing its stockholders in the interest
of the San Francisco policy holders.
In the letter of June 23 the secretary also says : —
No authority was given, or expected, to compromise the payment of our losses
on any other ground than it is legally empowered to avail of under the form of
policy contract.
We find it impossible to harmonize this statement with previous cor-
respondence and acts of the company, of which the secretary had full
knowledge.
That it was evidently Hosmer's intention to mislead the Massachusetts
Insurance Department is shown by his letters. June 30 he says : —
I am sending you, under this cover, another letter, that you can show Hardison
if you think best.
While on July 5 he criticises the company for having given the deputy
commissioner "quite so much information," and on the following day
again writes the secretary : —
Mr. Pieper and I have to-day drawn up a letter, which he has signed and sent
to you, relative to the Insurance Commissioner of Massachusetts, which, if you
XXV111 REPORT OF THE
agree with us, I think will be a good idea to have brought to the attention of Mr.
Hardison in order to put a check upon him, so that if any one else writes him, he
will not be telling something that may bother us here.
Again, on the 16th of July, Hosmer writes the company : —
When he gives me his check I will send it to Chicago, and I shall instruct our
office not to make a final account to you, either for Stovel or ourselves, for the
present, as I do not want you to have any more funds on hand to show the Insur-
ance Commissioner.
The company appears to have acquiesced in this suggestion.
Under date of July 18 the company wrote Hosmer : —
Mr. Hardison, Deputy Insurance Commissioner, has informed us that he objects
to your acquiring claims against the American Insurance Company at 40 cents on
the dollar, or any other rate, if any misrepresentations are used as to the financial
condition of the company, or as to the assets available for paying claims. We, of
course, do not believe that you have employed any such means to acquire the
claims purchased by you, but at Mr. Hardison's request we now clearly state his
position to you. As we understand it, he has no objection, if any person with full
knowledge of the condition of the company, as far as it can be known, desires to
sell his claim to you, to its being done. He does, however, object to persons with
valid claims giving up or assigning their rights under a mistaken impression as
to the facts.
We have agreed with him to instruct you that only claims acquired by you in
accordance with the rule laid doivn by him, as above, will hereafter be purchased by
our company.
In consideration of the facts as previously recited, as well as those which
follow, concerning Hosmer's representations, the foregoing communication
warrants no comment. The letter of the company to Hosmer under date
of July 19 throws additional light on the communication under date of
the 18th: —
Telegram sent to you this morning as follows : " Letter embodying Hardison's
views mailed to you today. Will restrict but not stop you Meantime, improve
each shining hour." And the letter is herewith. . . . The point of Mr. Hardison's
objection is that he allowed us to reinsure on the statement of our belief that our
losses would not exceed $400,000, which he understood would make it unnecessary
for us to go into the hands of a receiver, as we could pay all legal claims in full
from the resources of the company. He further says he cannot allow you to state
that the company will either pay 40 cents or undoubtedly go into the hands of a
receiver, thereby threatening the assured with an alternative which is not posi-
tive. . . . This merely changes the basis on which you are to, stand in dealing
with the assured. - -
In the same communication the secretary says a copy of the president's
letter to Hosmer has been shown the commissioner, at his request. The
president's letter of the 18th, it will be noted, was enclosed with the secre-
tary's letter of the 19th. It is manifest that the letter of July 19 was not
INSURANCE COMMISSIONER. XXIX
shown the commissioner, for obvious reasons. In the same communication
the secretary says : —
I think you will find the expression of Mr. Hardison's views not so detrimental
to your work as might at first appear, and I trust you will be able to more than
double your present success before you find it necessary to return.
Another indication of double dealing with this department is shown by
Hosmer's letter of July 25, acknowledging receipt of the president's com-
munication embodying Mr. Hardison's views, in which he says : —
I will make a separate reply to Mr. Feabody.
This reply was evidently intended for the inspection of the department.
It will be noted that in Hosmer's letter of May 9 to the secretary of the
company he states : —
I think it most important, as stated when in Boston, that no one should know
the absolute status of the company except yourself and Mr. Peabody.
Is it not apparent that the matter of compromising the San Francisco
claims may have been discussed, and outlined in a general way, during
Hosmer's visit to Boston, as previously suggested? What good reason
existed why no one should know the absolute status of the company ex-
cept the president and the secretary if the corporation was disposed, as it
has claimed, to pay its liabilities in full, and that 40 per cent, therefore
represented the measure of the company's liability, and not its ability to
pay? As bearing upon this subject, I desire to call your attention to
Hosmer's letter of May 28, in which he says : —
My idea would be to have a meeting of some of the prominent claimants (men
of character and standing in San Francisco) and convince them that a settlement
of 40 per cent cash is the best thing for all parties in interest, and get them to
sign a paper, as I did for the Connecticut after the Chicago fire, and if I succeed
in making such an agreement with them I feel that I can then carry through the
compromise outlined. I shall not, in making up any statement which I may
show the committee of our loss claimants, show any reinsurance in the Phenix,
as that is something entirely outside of our ordinary and proper reinsurance,
and something which I do not feel absolutely entitled to, thus showing our losses
to be something over $900,000.
And again on June 21 Hosmer says : —
I shall not make any " show down " of our condition to a committee of claims
for fear they will turn us down and then petition for a receiver. We are in the
enemy's country and have to be very cautious. No one who has been in to-day
so far will accept our offer of 40 per cent., and acts as if we were trying to skin
them.
Under date of June 23 Hosmer says : —
We tell the assured that all we can pay them now is 40 per cent., and if they
want more they will have to wait ascertainment of our actual liability when the
XXX REPORT OF THE
courts have decided it, so that we can avoid saying that we are insolvent, and
thus give some one a chance to sue us at once.
Notwithstanding the agreement with the department, as shown by the
letter of July 18 to Hosmer, we find, as shown by Hosmer's letter of
July 16, that he made extra payment on account of a policy in which
Stovel, the Pacific coast representative, was interested, under the guise of
"services;" that he made extra payments to the representatives of the
Roman Catholic church by an extra draft on Arnold, as shown by the
voucher herewith submitted; that, under date of August 16, he gave Mr.
Baggs $500 for services, as an extra payment on the settlement of certain
losses ; that he had promised to give $750 extra on account of a settle-
ment with a sister of one of Stovel's best customers ; and that he paid the
proprietor of the San Francisco "Chronicle" an extra $1,000, with the
understanding that the representatives of the American in San Francisco
were to be "let alone." In Hosmer's letter of August 17, concerning
extra payments, he says : —
My idea would be to give them drafts on Mr. Arnold at 40 per cent, for all poli-
cies not reinsured, but that Mr. Pieper would make drafts direct upon you for
those policies that are reinsured, thus to save me from paying any one more than
40 per cent., which I have distinctly declared I would not do. In fact, in one in-
stance I gave a ivriting to that effect to the Western Meat Company.
In a letter under date of July 11 to this department Mr. Dorville Libby
of California wrote : —
Shortly after the fire it was given out, through the general agent who handles
their business, that the company had reinsured its risks and that policy holders
would have to take what they could get.
And further says : —
I am sure that this company will meet determined and intelligent opposition to
this policy of intimidation and repudiation.
On July 20 Hosmer wrote the secretary concerning a letter received by
some one in San Francisco from Deputy Commissioner Hardison, from
which it appears the recipient understood the company had the ability to
pay more than 40 per cent, of the face value of its San Francisco claims,
and in this letter Hosmer says : —
If such letters are to be sent broadcast, I do not see as I can overcome their
influence, and there will be nothing left to do but for the company to go into the
hands of a receiver. Until I saw this letter of Hardison's, I had been very opti-
mistic, but I confess that his action has rather upset me, as, from his letter, claim-
ants would expect us to pay 60 per cent, any way.
And on July 21 Hosmer again wrote : —
I feel that in the instructions which I will probably receive on Monday from
you, as outlined by Mr. Hardison, I will be badly handicapped if they are lived
INSURANCE COMMISSIONER. XXXI
up to, and that I might as well pack up and go home, but of course until I get
your letter I am unable to form a definite conclusion, but I am so worked up over
the complications involved in the assignment business that I have been unable to
sleep the last night or two, for I put not only my own personality but my word
into it.
September 26 Hosmer again wrote the secretary : —
I now wish to say in " hug hand," that I wish something could be done to shut
off that man Hardison, who is doing us great harm. I cannot see why he feels
called upon to turn himself wrong side out to every claimant here who writes
him. He could give information in a general way, without giving an entire
expose of our affairs. I appreciate fully the delicacy and difficulty of your situa-
tion in Boston, but how in Heaven's name* can I be expected to settle a claim with
any one who has heard from the commissioner a statement that our gross losses
are only $1, 127,000, less reinsurance of $450,000, net losses of $667,000, and cash
assets about $ 500,000 ? I only wonder that his quite unnecessary letters to claim-
ants here have not spread like wildfire, and put an absolute stop to our plans.
In the Dolliver case I was very careful, as I knew he was a tough customer,
and I would not give him a chance to rip up one with Hardison. But if you think
I can settle losses here by telling the claimants that ive are solvent, but that on account
of earthquake and dynamiting, etc., etc., we will only pay 40 per cent., you give
me credit for more than I deserve. The truth is, no one attempts to use that argu-
ment here any more except a few companies like the Commercial Union, Pala-
tine, Alliance and Norwich Union, who have a remarkably strong earthquake
clause in their policies which ought to protect them from paying one cent, but they
are paying 50 per cent, and 75 per cent., knowing that no court here will give them
justice. If on top of this state of the public mind the Massachusetts insurance
department tells claimants that we can pay 70 per cent , the work to be done is too
hard for any one. I am only glad that I am so far along on the road, and believe
that we will pull off our plans all right in the end.
On October 3 this department wrote Sewall Dolliver of Oakland, Cal., in
answer to an inquiry concerning the financial condition of the American, to
the effect that it "is in such financial condition that its California claims
should be paid nearly if not quite in full. . . . We see no reason, there-
fore, why any creditor with a total loss should settle for 40 per cent, of the
face of his policy."
This communication was shown to Hosmer, and in a telegram to the
company under date of October 8 he says : —
This is outrageous and must be stopped. Dolliver threatened to put the letter
in the newspapers. If so, I might as well go home. I can settle his claim at 90
per cent , or perhaps less through Coogan, and secure secrecy.
Under date of October 10 Hosmer again wrote, in reference to the letters
written by this department to San Francisco claimants : —
When once these letters of Cutting's are published in the newspapers here,
which is no doubt quite possible, you may as well call it that our settlements
here are closed.
XXX11 KEPORT OF THE
And on the 11th he suggested to the secretary that Mr. Cutting might
be reached through the Governor, and be requested by His Excellency to
give only a " perfunctory statement of our affairs," and adds : —
He will either have to be shut off, or you must expect that future settlements
will cease on any basis much less than 75 per cent., and Pieper and I will be
looked upon as swindlers.
That the company did not intend to permit policy holders in California
to bring suit in San Francisco is evidenced by the fact that its power of
attorney to Stovel, its Pacific coast representative, was revoked, while it
attempted to substitute Pieper, its own non-resident special agent, as his
successor.
Your attention is also called to the telegram from Hosmer under date of
August 20, in which he says : — ■
Don't let Hardison expose our reinsurance to any one, under any circumstances.
This telegram and other communications relating to the same subject
show conclusively that an effort was made to prevent the policy holders in
San Francisco from acquiring knowledge as to the company's condition.
That the company acquiesced in this concealment is shown by the secre-
tary's letter of October 20, and by his communication of a previous date,
acknowledging receipt of Hosmer's telegram, and complying with his re-
quest to defer the substitution of the Phenix policies in San Francisco.
On September 14 the secretary wrote Hosmer to the effect that claimants
would not be permitted to examine the company's books to ascertain its
financial standing, as it was not a question of the company's ability to pay,
but a question of its liability, — and this representation has frequently been
made. We find, however, from the testimony of Mr. Webster of Boston,
that on the seventh day of November he had an interview with Mr. Arnold,
of the firm of Peabody & Arnold, counsel for the company, relating to his
claim against the American on account of the loss in San Francisco, and he
was told by Mr. Arnold that the company did not have sufficient funds to
enable it to pay much if any more than 40 per cent, of $3,400, the amount
at which his claim was adjusted by the representatives of the company in
California. Mr. Arnold, however, emphatically denies Mr. Webster's
statement. Numerous other cases might be cited showing misrepresenta-
tion, both by the representatives of the company in California and its offi-
cers, but those previously cited would seem to be more than sufficient to
conclusively show that such misrepresentations have been made.
Reinsurance in the Phenix.
Feb. 26, 1904, the American reinsured all of its three and five year
policies written in 1903, and then in force, and all of the three and five
year risks written during the year 1904, by the American, in the Phenix
INSURANCE COMMISSIONER. XXX111
Insurance Company of Brooklyn, N. Y., which, by the contract, "agrees
to pay on demand to the American all losses and the expenses attending
same which the American may be called upon to pay by reason of the risks
and policies reinsured, and also all return premiums and rebates on and
after this date for which the American is liable on the above-described
policies." This contract is also "subject to the same risks, conditions,
valuations, privileges, modes of settlement, endorsements and assignments
as are now or may be hereafter assumed or adopted by the American. "
On Dec. 29, 1904, the American reinsured in the Phenix all the five-year
risks to be written in 1905, subject to the terms and conditions above
noted. The policies it reinsured in the Phenix were not taken over by the
Firemen's, as shown by the secretary's letter of May 18. The Phenix is a
solvent company, able to discharge all of its obligations in full, and, in
accordance with the decision of the court in the case of the Firemen's, of
Baltimore v. the Allemenia, the Phenix would be called upon to pay the
loss or damage for which the American became liable. As between solvent
companies, it is generally understood that the reinsuring company reim-
burses the reinsured company for the amount of its losses and expenses
not exceeding, of course, the face of the reinsuring company's policies.
But as between a solvent and an insolvent company, the solvent company
must pay to the insolvent corporation the amount for which the insolvent
company is liable, regardless of its ability to fulfill its obligations, as
decided by the case above cited. It has been previously noted, and is
conclusively shown by the correspondence, that there has been a deter-
mined effort to conceal from claimants in San Francisco the American's
reinsurance in the Phenix, and extra precautions appear to have been
taken to prevent the creditors of the American from trusteeing or attaching
the Phenix, and under certain policies the American has settled with the
Phenix upon the same basis which it settled its claims in San Francisco, —
40 per cent, of the face of the policy ; and we understand it is the present
intention of the American to settle the balance of its claims upon the same
basis, — that is, to call upon the Phenix to reimburse it for its payments
on account of its losses in San Francisco. This, it would seem, is a waste
of the company's assets, as it is believed that the amount due from the
Phenix is, beyond question, the amount for which the American became
liable, regardless of what it paid, and the Phenix is abundantly able to
discharge its obligations.
Concerning the other reinsurance of the American, the same principle
would, of course, apply, although in some cases there may be doubt as to
the reinsuring company's ability to pay all of its obligations at one hun-
dred cents on the dollar.
XXX1Y REPORT OF THE
Profit on Settlement of San Francisco Claims.
Your attention is respectfully called to the following letters in Exhibit A :
June 6, June 21, June 22, June 23, June 25, June 30 and July 3, from
Hosmer, concerning the profit that might be made by having the claims
assigned to a third party for purely speculative purposes ; and especially
to the letter of July 3 : —
We would take no chances of losing a cent, as, with the company's risks rein-
sured, it is an absolute certainty, and I think 50 per cent, profit on all money paid
out. If it should prove that we could buy, say $500,000 or f 600,000 in claims
(and could not buy them all), the profit would recoup the principal stockholders
for their stock loss, or nearly so, and I feel that I could make myself whole on
$25,000 claims, face value, and I would like to be one of a syndicate to carry this
out. I do not feel quite safe in our present arrangements, in view of the attitude
of your Insurance Commissioner, as they might ask where Mr. Arnold got the
money.
In this connection it should be noted that he had several times recom-
mended that the company's funds should not be used for the purchase of
these claims. To the foregoing propositions the company appears to have
made no reply until its letter of July 5, in which the secretary says, after
discussing Hosmer's suggestions : —
I am not able to go further than this in advising you to-day, or to go into any
argument on the subject. If it must be discussed at all, or any alternative
proposition is to be made, I think it ought to be done verbally.
On July 10 the secretary wrote to Hosmer : —
The work you are doing, and which you are likely to do, is of very great value
to the company, and there is no reason why the company should not compensate
you from its treasury. It has seemed to all of us, in discussing the matter, that,
as the outcome is uncertain, it would be better for you not to rely on any contract
with the company to pay a fixed compensation on the completion of your work,
but that the company should pay a commission based on the amount saved in
each case. The policies which you have at this date turned in amount to
$60,000, which, at 40 cents on a dollar, is a saving to the company of $36,000.
I would suggest that a commission of 5 per cent, on all such small amounts saved
from the face of the principal up to $300,000, payable as the claims come in, might
be a fair compensation, and I should be glad to hear your further views, as the
whole question is an extremely delicate and difficult one.
The company's letters of July 5 and July 10, as shown by the extracts
therefrom in Exhibit A, are as follows : —
July 5, 1906, secretary to Hosmer: —
One thing I must say though, at once, so that if you think it necessitates a per-
sonal interview with you, you will prepare yourself for it, this is, that neither the
president nor any director of the company is willing to reap any personal advan-
INSURANCE COMMISSIONER. XXXV
tage from the purchase of any of our claims. If anything is to be gained from it,
it must be for the benefit of all the stockholders. They are not willing to use
their position for their own personal benefit, as they consider they hold their office
as representatives of the entire membership of the corporation.
I am not able to go further than this in advising you to-day, or to go into any
argument on the subject. If it must be discussed at all, or any alternate proposi-
tion is to be made, I think it ought to be done verbally.
Have you any idea of coming here, or of returning to San Francisco, and when ?
Kindly consider this as entirely unofficial, and lay its brevity to the pressure of
work I am under.
July 10, 1906, secretary to Hosmer : —
I am in receipt of your letter of the 3d inst., and have discussed it with Mr.
Peabody and Mr. Peabody, Jr. They see some serious objections to some of the
suggestions contained in that letter. Mr. Peabody, Jr., advises us that, in his
opinion, no officer connected with the company ought to purchase claims against
the company with a view to his personal profit, and that such profits would be
considered as held in trust for the company, and would have to be turned into its
treasmy. He also thinks that, while you have resigned your position as a director,
there would be grave doubts whether, as you would be acting on inside informa-
tion acquired while connected with the company, the same rule would not apply
to you He further suggests some doubts as to the propriety of the company
giving information to a stockholder or stranger, advising him that the purchase
of claims against the company would be likely to be profitable speculation, and
that there would be the same element of injustice in permitting a stranger to
make a profit at the expense of those policy holders who have settled at 40 cents
on a dollar, as there is in the fact that those policy holders who refuse to settle
may get a larger dividend by holding out.
The principal advantage to be gained, as it seems to me, by the purchase of
these claims, is that they may be used as a shield against unjust demands made
against us by companies which we have reinsured, that is, it is desirable that the
claims should be kept alive in order that they may be used as set-offs to their full
amount. So long as they are purchased and an assignment taken to Mr. Arnold,
these claims are kept alive.
There can be no question, however, that the work you are doing, and which
you are likely to do, is of very great value to the company, and there is no reason
why the company should not compensate you from its treasury. It has seemed to
all of us in discussing the matter that, as the outcome is uncertain, it would be
better for you not to rely on any contract with the company to pay a fixed com-
pensation upon the completion of your work, but that the company should pay a
commission based on the amount saved in each case.
The policies which you have at this date turned in amount to 60,000, which, at
40 cents on a dollar, is a saving to the company of $36,000. I would suggest that
a commission of 5 per cent, on all such small amounts saved from the face of the
proofs up to 1 300,000, payable as the claims come in, might be a fair compensa-
tion.
I should be glad to hear your further views, as the whole question is an ex-
tremely delicate and difficult one. I think it is clear that everything ought to be
done which can be done to prevent any policy holders getting more than they
XXXVI REPORT OF THE
ought to get, but I think the company ought to be very cautious about actively
inducing any one to invest in speculative claims against it.
On October 12, the date on which this examination was commenced, as
has been previously noted, the company had paid Hosmer, on account of
this commission arrangement, $8,000. While the examination was in prog-
ress it paid him $5,000 more as a commission, and sent a check for an
additional $1,000, to be accounted for by Hosmer later, making a total
payment to Hosmer of $14,000. It is fair to presume, however, from the
correspondence relating to this matter, that the remittance of $1,000, or so
much of it as Hosmer might deem expedient, was to be used in the settle-
ments which could not be effected on a 40 per cent, basis. At the time
these remittances were made to R. W. Hosmer, it appears, from the ac-
counts of the company, that R. W. Hosmer Company of Chicago was owing
the American about $24,000.
Under date of October 3 the secretary of the company wrote to Hosmer
at Oakland, as follows : —
We have very little question here in regard to what we are doing, and in the
Dolliver case his letter was shown to us by the commissioner, and we made the
firm statement that we were only paying what we limited you to — 40 per cent.
This does not give us any trouble or anxiety, as we feel firm in our position, and
we think the commissioner is satisfied, or at least he appeared to be. We are
glad to find that Commissioner Cutting is again at his desk, off and on, and that
if we have to go to his office we shall have him to deal with instead of Mr. Har-.
dison. In point of fact, we desire to keep entirely clear of that office as long as w&
can.
It should be noted that the secretary states that "we made the firm state-
ment," etc. This statement, which appears to have been made to this
department on or about September 25, as shown by the secretary's
telegram of September 25, is in direct conflict with the facts as shown,
by the following communications from Hosmer to the company, viz. j
June 27, page 34, Exhibit A ; August 16, page 96 ; August 22, page 100 ;;
July 30, page 81 ; and it seems to your examiner that the company must
have known, when it made the foregoing statement, that it was making a^
misrepresentation.
While the correspondence herein cited appears to have been conducted'
almost wholly by the secretary, it is only fair to that official to state that
he was undoubtedly only carrying out the policy of the company in accord-
ance with the usual duties of the office, for in his letter of August 25 to
Hosmer he says : —
This, like all of our correspondence, was at the suggestion of our counsel.
And it further appears, from the secretary's letter of July 10, that the
contents of that communication, especially so far as it relates to Hosmer's
commission, was discussed by " all of us."
INSURANCE COMMISSIONER. XXXV11
September 29 Hosmer wrote the secretary that "great vigilance will be
required to keep our affairs from being known, or our chances of a reason-
able compromise on the last $200,000 will be greatly impaired." This
statement, in connection with one in the previous letter, to the effect
that no one should know the condition of the company except the president
and secretary, again clearly indicates that it was at least Hosmer's purpose
not to permit the policy holders to ascertain the exact condition of the com-
pany or its ability to pay its claims.
On September 15, in advising the company concerning the claim of the
Roman Catholic church, Hosmer states : —
I am confident that Father O'Brien will keep our agreement absolutely secret,
as he has pledged himself so to do, so that it will not interfere with settlements
with any other party.
The company paid in settlement of this claim $2,629.10, in addition to
the 40 per cent, arrangement.
In Hosmer's letter of October 9 concerning the Dolliver claim, he
says : —
What can one do against the Insurance Commissioner's statement, and not only
would it stop all settlements at once if published in the newspapers, but I am
pretty well satisfied that we have claimants who have settled who would be apt
to make it personally unpleasant for both Pieper and myself, and when I tell you
that I did not sleep for three hours last night, you may have a little idea of how
wrought up I am over this contretemps. Dolliver has us in his hands and we
cannot help ourselves and we must submit.
In the same letter he adds : —
If Cutting's letter is published here, I really believe that Pieper and I will get
into serious difficulties with some of our claimants who have settled.
It will be noted, from the foregoing extracts from Hosmer's letters, that
the communications of this department to which he takes the most frequent
and emphatic exceptions are the department's letters to Dorville Libby,
and Sewall Dolliver, Vice-President, Dorville Libby & Brother, all of which
were based on information received from the company, and, so far as its
finances were quoted by the department, they were as represented over the
signature of the secretary in his letter to this office under date of June 23.
The letters of this department were as follows : —
Boston, July 16, 1906.
Mr. Dorville Libby, Camp Cutlibert, Emerald Isle, Lake Tahoe, Cat.
Dear Sir : — I beg to say in reply to yours of July 11, that the charges which
you have made against the American Insurance Company, that it gave its Chicago
representative, Mr. R. W. Hosmer, " instructions to settle claims at 40 cents on the
dollar," is absolutely denied by the company.
The situation, as far as this department understands it, is about as follows :
its insurance in force in the burned district was about f 1,000,000. Its reinsurance
XXXV111 REPORT OF THE
on those risks amounted to $450,000, leaving a balance of about f 670,000, upon
which the company claims that it will be liable for about 50 per cent. It has in
hand, for the payment of claims, in round numbers, $500,000.
Respectfully yours,
Frank H. Hardison,
Deputy Insurance Commissioner.
Boston, Oct. 1, 1906.
Mr. Dobville Libby, Care of Bancroft, Whitney & Company, 122 Guerrero Street, San
Francisco, Cal.
Dear Sir : — I beg to say in reply to yours of July 24, that we see no reason
why you should not receive one hundred cents on the dollar on your adjusted
losses insured in the American of Boston.
Of course, at this distance, we cannot undertake to judge of the amount of your
losses, or the figures at which the adjustment should be made.
Respectfully yours,
Frank H. Hardison,
Deputy Insurance Commissioner.
Boston, Oct. 3, 1906.
Mr. Sewall Dollivbr, Vice-President Dolliver & Bro., 1560 Fifth Street, Oakland, Cal.
Dear Sir : — I beg to say in further reply to yours of September 20, that the
American Insurance Company of Boston is in such financial condition that its
California claims should be paid nearly if not quite in full. It had at risk in the
burned district of San Francisco a little over $1, 100,000. This was reinsured
down to |670.000, Undoubtedly there would be some salvage to be applied to the
reduction of its liability still further It had, after settling for the reinsurance of
its outstanding policies, a balance, in round numbers, of $500,000 with which to
settle its San Francisco losses. We see no reason, therefore, why any creditor
with a total loss should settle for 40 per cent, of the face of his policy.
The Massachusetts law does not provide for a stockholders' liability.
Should there be any further questions that you care to ask regarding the com-
pany, or if we can be of assistance, let us hear from you.
Respectfully yours,
Fred'k L. Cutting,
Insurance Commissioner.
Conclusion.
It seems to your examiner that the conclusion to be drawn from the
information and data herewith submitted may fairly and properly be
summarized as follows : —
1. That the company is insolvent.
2. That its representations to the Insurance Commissioner of Massachu-
setts, and his subordinates, have not been in accordance with the facts.
3. (a) That the accredited representatives of the company in California
have made material misrepresentations to the claimants in their efforts to
settle the company's losses in San Francisco.
(b) That these misrepresentations, so far as they relate to the assets of
the company, were in accordance with instructions from the secretary, as
INSURANCE COMMISSIONER. XXXIX
shown by his letter of May 25, an abstract of which will be shown on page
13 of Exhibit A.
(c) That certain misrepresentations were known to the company which
acquiesced in acts of its representatives.
4. (a) That the company has made extravagant disbursements to its
representatives in San Francisco.
(&) That it has depleted its funds by settling its claims against solvent
companies, in which the business of the American was reinsured, at less
than the American's probable liability on account of its San Francisco
losses.
5. That the interests of the creditors of this corporation would be best
served by the appointment of a receiver to take charge of, and distribute,
its assets to those entitled thereto, under the direction of the court.
Respectfully submitted,
C. W. Fletcher, Examiner.
Boston, Nov. 13, 1906.
Department Finances.
The insurance department collected during the eleven months of
1906 ending November 30, $84,024.01 from fees which the commis-
sioner is required by law to charge for valuations, licenses, certifi-
cates and the like. Its expenditures during that period amounted
to $49,717.68, of which $4,732.56 went for printing the annual
reports of the department. The net surplus accruing to the Com-
monwealth during said period of eleven months was $34,306.33.
The chief sources of these receipts were the following ♦: from brokers'
licenses, $18,000 ; agents' licenses, $39,898 ; filing annual state-
ments, $6,368; valuation of policies, $18,411.26.
Respectfully submitted,
Insurance Commissioner.
xl REPOKT OF THE
EEPOETS OF EECEIVEES OF INSOLVENT FIEE COMPANIES.
Atlas Mutual Insurance Company. — Franklin T. Hammond, 50
State Street, Boston, receiver; appointed May 11, 1904.
Balance on hand June 7, according to last report, . . $19,448 29
Amount of receipts from June 7, 1906, to July 1, 1907, in-
clusive, 18;447 56
Total, $37,895 85
Amounts paid out from June 7, 1906, to July 1, 1907, inclu-
sive, 16,839 19
Balance on hand July 1, 1907, $21,056 66
In September, 1906, the receiver paid a dividend of 10 per cent,
on admitted claims, which made the total amount paid on each claim
95 per cent, of the amount allowed. The total payments made on
account of this dividend were $5,485.4(3. It is the intention of the
receiver to pay during the current month (July) the balance of the
loss claims, thus making 100 per cent, paid on these claims.
Firemen's Fire Insurance Company . — International Trust Com-
pany, Boston, receiver; appointed July 6, 1900. The receiver
reports that he has on hand for distribution at the proper time $400,-
000, the amount of the capital stock of the liquidating company.
Melrose Mutual Fire Insurance Company. — Alpheus Sanford,
Mason building, Boston, receiver; appointed Nov. 26, 1895. A
final dividend of 20 per cent, has been paid to all parties entitled
thereto but one. The delay was caused in this case, says the re-
ceiver, because of the inability to find the party, and then later, on
account of the fact that the party had died. Arrangements are
being perfected, through an attorney in Rhode Island, through
whom the receiver expects to receive proper releases on the last
claim to be paid.
INSURANCE COMMISSIONER.
xli
Comparative Table A.
Massachusetts Mutual Fire Insurance Com-
panies.
1905.*
1906.f
Increase or
Decrease in 1906 .
Assets (including contingent),
$49,986,165
$52,377,191
$2,391,026
Liabilities, . .
6,784,780
6,917,886
133,106
Cash surplus, .
6,967,718
7,303,374
335,656
Income, .
8,364,652
8,808,523
443,871
Disbursements,
7,893,527
8,092,917
199,390
Premiums,
7,763,997
8,175,982
411,985
Losses paid,
1,188,086
1,107,338,
—80,748
Losses incurred,
1,205,412
1,128,545
—76,867
Risks outstanding,
1,185,669,693
1,239,821,981
54,152,288
Expenses,
1,053,599
1,087,436
33,837
Profits returned,
5,532,636
5,802,761
270,125
* Forty-two companies.
Forty-one companies.
Comparative Table B. — Massachusetts Mutual Fire-Marine Insurance
Companies.
1905.*
1906.*
Increase or
Decrease In 1906.
Assets,
$539,649
$563,957
$24,308
Liabilities,
275,667
331,140
55,473
Surplus, .
263,982
232,817
—31,165
Income, .
490,689
513,433
22,744
Disbursements,
491,122
476,696
—14,426
Premiums,
412,696
449,369
36,673
Losses paid,
303,600
305,322
1,722
Losses incurred,
280,147
394,569
114,422
Risks outstanding,
21,303,562
23,895,396
2,591,834
Expenses,
99,392
106,748
7,356
Two companies.
xlii
KEPORT OF THE
Comparative Table C. — Massachusetts Joint-Stock Insurance Companies,
1905.*
1906-t
Increase or
Decrease in 1906.
Cash capital, .
|3,700,0C0
$3,900,000
|200,000
Assets,
13,134,793
13,178,487
43,694
Liabilities,
5,1G0,932
5,830,183
729,251
Surplus, .
8,033,861
7,348,304
—685,557
Income, .
7,276,237
9,476,928
2,200,691
Disbursements,
5,942,416
9,429,161
3,486,745
Fire premiums,
5,465,186
6,434,608
969,422
Marine premiums,
1,125,476
1,357,505
232,029
Fire losses paid,
2,464,417
4,602,874
2,138,457
Marine losses paid,
579,868
653,234
73,366
Fire losses incurred,
2,483,726
4,869,952
2,386,226f
Marine losses incurred,
600,494
709,753
109,259
Fire risks outstanding,
689,972,436
699,025,796
9,053,360
Marine risks outstanding,
21,504,380
28,211,323
6,706,943
Expenses,
2,386,857
2,613,349
226,492
Cash dividends declared,
373,000
348,000
— 25,000
* Four companies.
t Five companies.
t See footnote on page 497.
INSURANCE COMMISSIONER.
xliii
Comparative Table D. — Fire and Marine Companies of Other States.
1905.*
1906, t
Increase or
Decrease in 1906.
Cash capital, ....
151,202,875
$58,300,004
$7,097,129
Assets,
330,234,358
318,240,702
— 11,993,656
Liabilities,
163,626,691
179,512,485
15,885,794
Surplus, .
■
166,607,667
138,728.217
—27,879,450
Income, .
176,047,013
224,358,428
f 48,311,415
Disbursements,
146,734,003
227,959,019
81,225,016
Fire premiums,
151,942,508
163,335,288
11,392,780
Marine premiums,
8,722,950
9,569,862
846,912
Fire losses paid,
68,570,924
135,599,065
67,028,141
Marine losses paid,
4,891,736
5,175,258
283,522
Fire losses incurred,
68,094,430
80,155,485
12,061,055
Marine losses incurred, .
5,087,293
2,842,368
—2,244,925
Fire risks outstanding, .
21,684,520,538
22,738,263,613
1,053,743,075
Marine risks outstanding,
319,209,570
415,256,904
96,047,334
Expenses,
56,589,627
60,060.,340
3,470,713
Cash dividends declared,
6,932,357
3,201,200
—3,731157
* One hundred and twenty-two companies. t One hundred and twenty-nine companies.
xliv
REPORT OF THE
Comparative Table E. — United States Branches of Foreign Companies.
1905.*
1906.*
Increase or
Decrease in 1906.
Deposit capital, ....
18,000,000
$8,100,000
$100,000
Assets in United States, .
87,957 556
96,400,015
8,442,459
Liabilities in United States,
55,193,056
71,584,245
16,391,189
Surplus,
32,764,500
24,815,770
-7,948,730
Income,
68,413,968
138,276,908
69,862,940
Disbursements, ....
64,773,985
128,386,275
63,612,290
Fire premiums, .
58,070,027
70,456,405
12,386,378
Marine premiums, ....
4,102,899
4,484,906
382,007
Fire losses paid, ....
29,866,292
89,760,168
59,893,876
Marine losses paid, ....
2,382,299
2,192,260
—190,039
Fire losses incurred,
29,102,512
94,988,170
65,885,658
Marine losses incurred, .
2,618,783
2,136,850
-481,933
Fire risks outstanding,
8,076,186,471
9,460,154,336
1,383,967,865
Marine risks outstanding,
103,291,235
95,746,557
—7,544,678
Expenses,
21,750,092
25,129,513
3,379,421
Thirty-seven companies.
INSURANCE COMMISSIONER.
xlv
Aggregates of All the Companies.
1905.
1906.
Increase or
Decrease in 1908.
Cash capital,
$62,902,875
S70,300,004
$7,397,129
Assets (including; contingent of
481,852,521
480,760,352
—1,092,169
mutual companies).
Liabilities, .....
230,981,126
264,175,939
33,194,813
Surplus,
214,657,934
178,462,378
— 36,195,556
Income,
260,592,559
381,434,220
120,841,661
Disbursements, ....
225,835,053
374,344,068
148,509,015
Fire premiums, ....
223,373,832
248,548,787
25,174,955
Marine premiums, ....
14,231,907
15,715,138
1,483 231
Fire losses paid, ....
102,154,373
231,139,325
128,984,952
Marine losses paid, ....
8,092,849
8,256,194
163,345
Fire losses incurred,
100,958,574
181,223,485
80,286,911
Marine losses incurred, .
8,516,223
6,002,207
-2,514,016
Fire risks outstanding, .
31,649,118,151
34,151,556,719
2,502,438,568
Marine risks outstanding,
© 7
452,539,734
548,819,187
96,279,453
Expenses, .....
•
81,879,567
88,997,386
7,117,819
Cash dividends declared,
7,305,357
3,549,200
—3,756,157
xlvi
REPORT OF THE
Table I. — Massachusetts Mutual Fire Insurance Companies.
NAME OF COMPANY.
Contingent
Assets.
Admitted
Assets.*
Liabilities, f
Surplus or
Deficiency
in 1906.
Surplus or
Deficiency
in 1905.
Abington,
$117,615
$128,634
$63,786
$64,848
$70,228
Annisquam,
4,415
10,090
91
-X
-X
Attleborough,
75,192
42,796
21,576
21,220
21,499
Barnstable County, ....
131,591
123,208
69,651
53,557
48,663
Berkshire
181,595
169,667
94,700
74,967
77,321
Bristol County,
93,223
2,935
_
-§
-§
Cambridge,
289,514
170,355
135,454
34,901
34,026
Citizens',
402,626
343,283
189,937
153,346
142,930
Dedham,
119,547
177,019
62,773
114,246
109,563
Dorchester
672,890
467,973
353,914
114,059
118,967
Fitchburg,
298,045
220,395
172,294
48,101
41,047
Groveland,
142,189
102
185
-X
-X
Hampshire,
59,677
62,963
31,383
31,580
31,590
Hingham
425,107
346,533
210,934
135,599
137,750
Holyoke
618,695
1,008,714
326,217
682,49711
678,284||
Lowell,
168,675
219,134
85,493
133,641
125,893
Lumber,
666,096
298,518
120,214
178,304
138,405
Lynn,
60,725
69,339
15,882
53,457
51,141
Merchants' and Farmers',
305,054
274,169
161,601
112,568
118,431
Merrimack,
392,188
244,820
191,845
52,975
43,918
Middlesex,
674,406
709,089
345,035
364,054
359,687
Mutual Fire Assurance, .
104,372
243,218
52,468
190,750
185,254
Mutual Protection
120,053
133,368
61,467
71,901
79,328
Newburvport
47,871
43,167
6,368
36,799
36,101
Norfolk,'
360,092
673,029
184,826
488,203
479,146
Quincy
497,821
760,595
255,230
505,365
471,815
Salem,
109,043
96,256
56,373
39,883
36,098
Salisbury and Amesbury,
264,940
4,975
2,521
-
-
Saugus, "
322,062
4,256
-
-
-
South Danvers
78,178
31,812
15,615
16,197
18,942
Traders' and Mechanics',
675,643
707,139
348,650
358,489
366,150
West Newbury
101,081
149
2,762
-
-
Worcester Mutual, ....
583,787
836,355
293,879
542,476
530,180
Totals
$9,164,008
$8,624,055
$3,933,124
$4,673,983
$4,552,357
Manufacturers' Mutuals .
Arkwright, ......
Boston Manufacturers', .
Cotton and Woolen, ....
Fall River Manufacturers',
Industrial,
Paper Mill
Rubber Manufacturers', .
Worcester Manufacturers',
$7,142,532
8,844,656
2,557,173
2,736,439
1,644,710
732,672
2,319,171
2,997,622
$1,442,945
1,730,314
387,003
585,761
273,977
152,736
396,561
644,856
$722,629
893,167
279.2S0
276,778
179,754
74,016
255,372
303,766
$720,316
837,147
107,723
308,983
94,223
78,720
141,189
341,090
$686,104
757,665
123,121
295,478
72,065
74,247
157,011
337.8S5
Totals,
Grand totals, ....
$28,974,975
$3S,138,983
$5,614,153
$14,238,208
$2,9S4,762
$6,917,886
$2,629,391
$7,303,374
$2,503,576
$7,055,933
* 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.
INSURANCE COMMISSIONER.
xlvii
Table II. — Massachusetts Mutual Fire Insurance Companies.
NAME OF COMPANY.
Net Amount
at Risk
Dec. 31, 1906.
Income.
Disburse-
ments.
Abington, ....
Annisquam,
Attleborough, .
Barnstable County, .
Berkshire,
Bristol County,
Cambridge,
Citizens', .
Dedham
Dorchester,
Fitchburg,
Groveland,
Hampshire,
Hingham
Hoi yoke, .
Lowell
Lumber, ....
Lynn, ....
Merchants' and Farmers',
Merrimack,
Middlesex,
Mutual Fire Assurance, .
Mutual Protection, .
Newburyport, .
Norfolk, ....
Quincy, .
Salem, .
Salisbury and Amesbury,
Saugus
South Danvers,
Traders' and Mechanics',
West Newbury,
Worcester Mutual, .
Totals,
$7,296,045
288,480
4,142,764
7,585,355
11,522,973
1,404,005
17,375,211
27,997,313
7,781,049
40,082,244
20,741,230
1,747,388
3,883,586
28,007,079
40,959,713
10,367,904
8,658,807
2,253,462
20,455,340
27,103,127
44,668,293
6,276,075
6,490,148
789,110
25,198,585
33,441,029
6,151,180
2,841,001
2,517,295
1,232,100
43,616,438
1,434,095
42,509,872
$46,135
842
13,546
45,789
63,747
1,763
93,916
103,748
44,507
217,296
130,009
900
20,836
123,638
238,676
70,961
239,449
10,063
109,344
124,960
214,635
38,018
52,734
6,450
105,875
194,263
47,371
9,838
3,508
8,522
228,764
1,937
177,275
$36,939
7H4
15,230
40,105
60,623
1,264
104,063
91,176
38,692
226,767
122,076
1,646
18,111
117,418
191,624
62,722
181,024
8,595
109,917
123,934
183,152
26,447
50,316
4,170
100,993
160,907
46,512
10,922
3,125
7,408
212,264
1,89S
154,584
$506,818,296
$2,789,315
$2,515,328
Manufacturer^ Mutuals.
Arkwright,
Boston Manufacturers', .
Cotton and Woolen,
Fall River Manufacturers',
Industrial,
Paper Mill,
Rubber Manufacturers', .
Worcester Manufacturers',
Totals,
Grand totals,
$189,369,734
233,734,710
54,405,682
70,022,071
36,522,504
18,879,485
51,755,624
78,313,875
£733,003,685
,239,821,981
$1,483,525
1,849,397
508,037
573,406
340,671
152,208
474,755
637,209
$6,019,208
$8,80S,523
$1,385,350
1,6S4,808
483,110
536,980
291,810
140,560
450,059
604,912
$5,577,589
$8,092,917
xlviii
REPORT OF THE
Table III. — Massachusetts Mutual Fire Insurance Companies.
NAME OF COMPANY.
Com-
menced
Business.
Net
Premiums.
Net Losses
Paid.
Expenses.
Abington,
Annisquam,
Attleborough,
Barnstable County
Berkshire
1857
1847
1845
1833
1835
$41,049
11,674
41,180
57,255
$13,537
174
8,792
10,691
23,508
$11,447
403
3,893
7,488
17,379
Bristol County,
Cambridge,
Citizens'
Dedham,
Dorchester,
1829
1834
1846
1837
1855
1,698
80,333
87,181
36,014
200,084
256
38,682
18,520
8,929
93,725
1,00S
27,167
28,441
11,586
51,660
Fitchburg,
Groveland
Hampshire
Hingham
Holyoke,
1847
1828
1832
1826
1843
111,946
18,360
108,961
184,827
41,041
359
6,315
32,956
45,724
37,296
1,288
4,927
28,506
60,672
Lowell,
Lumber,
Lynn,
Merchants' and Farmers',
Merrimack,
1832
1895
1828
1847
1828
58,816
- 228,450
6,820
94,551
113,647
17,958
67,646
719
38,451
48,026
23,597
43,109
3,658
29,355
33,282
Middlesex,
Mutual Fire Assurance,
Mutual Protection, ....
Newburyport,
Norfolk
1826
1827
1864
1829
1825
182,009
21,176
46,007
3,128
77,146
46,772
1,521
14,557
57
16,584
56,681
5,948
21,105
997
21,468
Quincy,
Salem,
Salisbury and Amesbury,
Saugus
South Danvers,
1851
1838
1855
1852
1829
154,782
42,584
9,686
5,341
47,238
16,461
7,716
1,256
847
50,886
13,888
2,717
1,838
1,447
Traders' and Mechanics',
West Newbury,
Worcester Mutual, ....
1848
1828
1824
196,694
137,722
76,392
906
31,046
60,223
692
44,131
$2,359,121
$777,362
$708,183
Manufacturers' Mutuals.
Arkwright,
Boston Manufacturers',
Cotton and Woolen,
Fall River Manufacturers',
Industrial, . . .
Paper Mill,
Rubber Manufacturers',
Worcester Manufacturers',
Totals,
Grand totals,
1860
1850
1875
1870
1890
1887
1885
1855
$1,439,926
1,787,147
494,063
551,576
331,327
147,456
460,083
605,283
$5,816,861
$8,175,982
$74,241
84,609
37,935
31,964
25,869
4,914
37,430
33,014
$329,976
.1,107,338
$79,794
102,422
47,903
27,957
30,379
10,797
45,732
34,269
$379,253
$1,087,436
INSURANCE COMMISSIONER.
xlix
Table IV. — Massachusetts Mutual Fire-Marine Insurance Companies.
NAME OF COMPANY.
Com-
menced
Business.
Guaranty
Fund.
Scrip
Out-
standing.
Admitted
Assets.
Liabili-
ties.*
Deficiency
in 1906.
Deficiency
in 1905.
China, ....
India, t ....
1853
1867
$150,000
$506,090
150,471
$235,903
328,054
$211,002
120,138
$481,189
92,555
$455,701
88,878
Totals,
$150,000
$656,561 $563,957
$331,140 1 $573,744
$544,579
* Including unearned premiums, but not including cash or stock-note guaranty fund or out-
standing scrip.
f Company commenced to do fire business in 1894.
Table V. — Massachusetts Mutual Fire-Marine Insurance Companies.
NAME OF COMPANY.
Income.
Disburse-
ments.
Net
Premiums.
Net Losses
Paid.
Expenses.
China,
$359,442
153,991
$348,869
127,827
$302,865
146,504
$235,442
69,880
$55,793
50,955
Totals,
$513,433
$476,696
$449,369
$305,322
$106,748
Table VI. — Massachusetts Joint-Stock Insurance Companies.
NAME OF COMPANY.
Cash
Capital.
Admitted
Assets.
Liabilities.
Surplus to
Policy
Holders
Dec. 31,
1906.
Expenses.*
American
Mercantile Fire and Marine,
Old Colony
Springfield Fire-Marine,
$300,000
1,000,000
200,000
400,000
"2,000,000
$270,750
5,025,714
303,968
666,436
6,911,619
$245,316
1,621,865
121,182
71,726
3,770,094
$25,434
3,403,849
182,786
594,710
3,141,525
$140,555
666,809
133,238
41,185
1,631,562
Totals, ......
$3,900,000
$13,178,487
$5,830,183
$7,348,304
$2,613,349
* Excluding losses, dividends, return premiums and drawbacks and taxes on real estate.
Table VII. — Massachusetts Joint-Stock Insurance Companies.
Fire Business.
NAME OF COMPANY.
American .
Boston
Mercantile Fire and Marine,
Old Colony, .
Springfield Fire-Marine,
Totals, . .
Income.
$525,229
2,423,085
989,553
316,515
5,222,546
$9,476,928
Disburse-
ments.
$1,008,611
1,807,299
1,362,043
47,757
5,203,451
),429,161
Net Amount
at Risk
Dec. 31,
1906.
$100,458
138,576,477
10,335,121
550,013,740
$699,025,796
Net
Premiums.
$288,461*
870,361
592,722*
108,810
4,574,254
$6,434,608
Net
Losses
Paid.
$378,177
366,253
502,742
6,571
3,349,131
$4,602,874
* Gross premiums.
Marine Business.
American,
-
-
$28,211,323
$841
1,356,664
$653,234
Totals,
-
- $28,211,323
$1,357,505
$653,234
REPORT OF THE
Table VIII. — Insurance Companies of Other Statet
Surplus to
NAME OF COMPANY.
Cash
Capital.
Admitted
Assets.
Liabilities.
Policy
Holders
Dec. 31,
1906.
Expenses.
Adirondack
$•200,000
$371,541
$70,564
$300,977
$34,751
.zEtna,
4,000,000
15,434,918
7,223,343
8,211,575
2,262,308
Agricultural,
500,000
, 2,498,755
1,606,882
891,873
591,260
Albany
250,000
753,511
234,144
519,367
105,753
Alliance,
500,000
1,057,848
434,096
623,752
193,233
American,
600,000
5,815,997
3,762,831
2,053,166
1,043,805
American Central, .
2,000,000
5,063,589
2,103,392
2,960,197
878,289
American Lloyds, ....
-
881,926
271,033
610,893
102,805
American Mutual Fire,
-
380,863
160,956
219,907
16,238
Assurance Company of America, .
200,000
830,645
536,363
294,282
180,727
Atlantic Mutual, .
-
15,053,685
11,150,439
3,903,246
553,112
Ben Franklin,
200,000
683,258
341,311
341,947
143,944
Blackstone Mutual Fire, .
-
903,120
362,183
540,937
40,099
British American, .
200,000
480,413
263,992
216,421
127,400
Buffalo Commercial
200,000
610,113
291,032
319,081
126,963
Buffalo German
200,000
2,261,797
631,124
1,630,673
273,927
Caledonian American,
200,000
246,934
36,141
210,793
4,579
Calumet, ......
200,000
386,899
173,418
213,481
113,139
Camden Fire
400,000
1,547,216
963,881
583,335
362,307
Capital Fire,
200,000
678,256
367,820
310,436
143,947
Central Manufacturers' Mutual,
-
308,262
183,289
124,973
77,435
Citizens',
200,000
699,747
399,639
300,108
179,642
City of New York
200,000
696,095
244,397
451,698
132,838
Colonial Assurance, .
200,000
766,375
519,803
246,572
247,836
Columbia,
400,000
586,435
137,608
448,827
131,109
Commerce,
200,000
572,661
199,706
372,955
97,140
Commercial Union Fire, .
200,000
574,592
300,290
274,302
81,762
Commonwealth, .
500,000
1,607,469
540,672
1,066,797
133,917
Concordia Fire
300,000
1,201,466
S09,124
392,342
375,869
Connecticut Fire
1,000,000
5,283,051
3,545,348
1,737,703
1,353,334
Continental
1,000,000
17,590,036
7,439,992
10,150,044
2,390,482
Cosmopolitan Fire, .
300,000
726,978
318,950
408,027
204,384
County Fire,
400,000
1,078,402
474,911
603,491
141,593
Delaware (Philadelphia),
400,000
1,856,025
1,330,090
525,935
423,815
Delaware Fire (Dover), .
200,000
373,816
161,157
212,659
126,754
Detroit Fire and Marine, .
500,000
1,789,598
506,379
1,283,219
203,131
Dixie Fire,
500,000
848,003
111,833
736,170
68,332
Dutchess Fire,
200,000
506,096
264,584
241,512
39,016
Eagle Fire,
300,000
1,362,007
598,199
763,808
249,876
Eastern, \ .
200,000
481,084
230,420
250,664
105,835
Empire City Fire, . . .
200,000
518,356
245,055
273,301
133,645
Enterprise Mutual Fire, .
-
364,024
161,080
202,944
16,268
Equitable Fire and Marine,
400,000
1,132,978
698,061
434,917
305.64S
Farmers' Fire,
-
1,050,873
562,987
487,886
222,186
Federal
1,000,000
2,523,370
1,315,146
1,208,224
462,371
Fidelity Fire,
1,000,000
2,717,249
316,194
2,401,055
162,600
Fire Association, . . . .
750,000
7,16S,329
5,098,088
2*070,242
1,497,600
Fireman's Fund Ins. Company,
1,000,000
2,942,757
1,512,769
1,429.988
576,662
Firemen's Fund Ins. Corporation, .
800,000
4,176,825
2,995,408
1,181,417
689,114
Firemen's (Newark),
1,000,000
4,484,591
1,576,634
2,907,957
589,338
Firemen's Mutual (Providence),
-
1,393,321
493,851
899,470
49,092
Franklin (Wheeling),
Franklin Fire (Philadelphia), .
200,000
357,540
97,952
259,588
41,451
400,000
2,479,133
1,782,234
696,899
383,892
Georgia Home,
300,000
1,088,273
549,370
538,903
254,950
German Alliance
400,000
1,300,839
490,771
S10,06S
171,591
German American, ....
1,500,000
14,117,763
7,179,887
6,937,876
2,202,057
German American Fire, .
200,000
504,048
183,984
320,064
66,413
German Fire (Peoria),
200,000
811,853
569,409
242,444
215,924
German Fire (Pittsburg),
200,000
869,668
549,490
320,178
273,838
Germania Fire, . . .
1,000,000
5,125,212
3,085,499
2,039,713
1,140,023
Girard Fire and Marine, .
500,000
2,335,355
1,384,191
951,164
313,584
Glens Falls
200,000
3,904,846
1,868,473
2,036,373
673,241
Granite State Fire, . . . .
200,000
877,922
420,732
457,190
178,468
Hamilton Fire
200,004
329,856
99,162
230,694
64,263
Hanover Fire,
1,000,000
4,152,430
2,315,770
1,836,660
932,116
INSURANCE COMMISSIONER.
H
Table VIII. — Insurance Companies of Other States — Concluded.
NAME OF COMPANY.
Cash
Capital.
Admitted
Assets.
Liabilities.
Surplus to
Policy
Holders
Dec. 31,
1906.
Expenses.
Hartford Fire, .
Home,
Hope Mutual Fire,
Indemnity Fire,
Indianapolis Fire,
Insurance Co. of North America,
Insurance Co. State of Pennsylvania
Jefferson Fire, . . .
Lumber, ....
Lumbermen's Mutual,
Manufacturers' Mutual Fire,
Mechanics',
Mechanics' Mutual Fire, .
Mechanics' and Traders', .
Mercantile Mutual Fire, .
Merchants' Mutual, .
Michigan Commercial,
Middlesex Mutual Assurance,
Milwaukee Fire,
Milwaukee Mechanics',
Nassau Fire,
National Fire,
National Lumber,
National Union Fire,
Newark Fire,
New Brunswick Fire,
New Hampshire Fire,
New Jersey Fire,
Niagara Fire,
North British and Mercantile,
Northern, ....
North River,
Northwestern National,
Orient, ....
Pawtucket Mutual Fire, .
Pelican Assurance, .
Pennsylvania Fire, .
Phenix, ....
Philadelphia Mfrs.' Mutual Fire,
Phoenix
Providence Mutual Fire, .
Providence Washington, .
Queen, ....
Reliance, ....
Rhode Island Mutual Fire,
Rochester German, .
Security, ....
Shawnee, ....
Southern
Spring Garden, .
State Mutual Fire,
St. Paul Fire and Marine,
Teutonia, ....
Union, ....
Union Fire,
Union Mutual Fire, .
United Firemen's,
United States Lloyds,
Virginia Fire and Marine,
Westchester Fire,
Western, ....
Western Reserve,
What Cheer Mutual Fire, .
Williamsburg City Fire, .
Totals, ....
$2,000,000
3,000,000
200,000
200,000
3,000,000
200,000
200,000
200,000
250,000
300,000
300,000
200,000
500,000
200,000
1,000,000
200,000
750,000
250,000
200,000
1,000,000
200,000
750,000
200,000
350,000
350,000
1,000,000
500,000
200,000
750,000
1,500,000
2,000,000
500,000
1,000,000
300,000
500,000
500,000
200,000
200,000
400,000
500,000
250,000
200,000
200,000
400,000
250,000
300,000
300,000
200,000
250,000
$5S,300,004
£17,477,522
20,740,184
373,123
475,104
532,447
10,394,755
869,635
814,661
351,425
290,111
809,646
1,163,035
510,607
802,843
242,175
479,747
816,820
952,044
690,485
2,728,900
917,859
6,933,305
295,800
2,192,670
908,805
461,338
4,419,964
442,493
4,397,836
965,223
861,506
1,829,187
4,330,536
2,004,832
442,033
519,226
6,290,997
9,146,747
388,553
7,389,942
649,058
2,525,625
6,430,574
1,309,695
1,049,694
2,104,745
1,972,195
1,088,212
622,298
2,053,568
1,333,825
4,318,300
828,664
839,523
425,158
380,328
1,915,150
1,380,358
1,217,819
3,679,544
765,808
402,868
390,065
2,326,614
$318,240,702
$13,349,421
10,442,961
183,302
258,414
303,420
6,753,582
438,504
407,585
144,625
114,825
299,056
673,376
202,448
302,378
127,335
184,421
522,319
202,557
346,977
1,761,608
654.37S
4,948,260
77,771
1,190,397
292,241
177,788
2,054,165
241,368
2,693,075
200,099
406,271
1,284,101
2,225,741
1,274,560
190,675
256,365
4,214,750
6,374,498
172,797
4,241,188
176,809
1,915,408
3,662,481
837,516
395,402
1,123,302
1,116,258
714,618
324,464
1,575,109
593,909
3,119,870
490,605
520,291
122,726
109,779
1,453,645
1,177,029
587,363
2,459,346
379,736
86,788
196,967
1,329,929
$179,512,485 $138,728,217
$4,128,101
10,297,223
189,821
216,690
229,027
3,641,173
431,131
407,076
206,800
175,286
510,590
489,659
308,159
500,465
114,840
295,326
294,501
749,487
343,508
967,292
263,481
1,985,045
218,029
1,002,273
616,564
283,550
2,365,799
201,125
1,704,761
765,124
455,235
545,086
2,104,795
730,272
251,358
262,861
2,076,247
2,772,249
215,756
3,148,754
472,249
610,217
2,768,093
472,179
654,292
981,443
855,937
373,594
297,834
478,459
739,916
1,198,430
338,060
319,232
302,432
270,549
461,505
203,328
630,456
1,220,198
386,072
316,080
193,098
996,685
$4,858,164
3,241,669
24,725
86,801
147,584
2,535,925
139,305
217,650
56,243
176,723
32,226
154,539
21,671
145,756
27,615
20,145
254,401
50,359
139,838
611,681
204,488
1,827,597
56,812
592,690
139,783
116,551
785,655
163,666
1,103,994
152,026
192,724
616,034
794,712
424,892
30,502
101,759
1,188,372
2,354,205
27,627
1,720,241
26,137
765,072
1,294,949
304,455
42,248
484,515
459,832
252,299
200,572
502,630
64,577
1,249,159
254,445
271,105
6S,327
8,657
251,126
375,908
199,883
1,005,143
159,588
50,164
26,990
526,188
560,060,340
Hi
REPORT OF THE
Table IX. — Insurance Companies of Other States.
Fire Business.
NAME OF COMPANY.
Income.
Disburse-
ments.
Net Amount
at Risk
Dec. 31, 1906.
Net
Premiums.
Net
Losses
Paid.
Adirondack, ....
$130,289
$53,509
$7,164,512
$124,170
$18,758
iEtna
9,381,434
9,982,058
831,889,756
6,480,270
5,661,843
Agricultural, ....
1,696,298
2,127,544
279,411,000
1,493,872
1,477,726
Albany, ......
326,585
241,890
' 39,928,231
288,379
110,510
Alliauce
1,378,123
1,519,335
42,541,921
513,575
1,229,585
American,
2,910,198
3,051,620
517,633,227
2,687,741
1,889,249
American Central,
3,507,908
3,591,565
300,114,869
2,378,320
2,545,334
American Lloyds,
312,445
184,059
33,429,653
282,533
34,200
American Mutual Fire,
326,595
280,704
38,283,717
312,120
12,586
Assurance Co. of America,
487,957
655,647
53,599,816
453,400
474,106
Atlantic Mutual
3,610,891
3,445,491
_
-
_
Ben Franklin
403,557
331,199
46,341,725
371,177
155,016
Blackstone M utual Fire, .
740,118
656,814
88,432,643
701,907
32,460
British American,
406,324
454,505
29,296,624
369,970
316,412
Buffalo Commercial, .
363,647
305,323
41,915,501
344,248
162,298
Buffalo German
780,146
881,653
107,063,254
677,385
548,530
Caledonian- American,
22,649
75,968
1,756,497
11,629
71,388
Calumet,
495,422
712,022
8,861,712
97,157
590,247
Camden
1,133,718
1,174,303
120,286,926
1,059,433
765,919
Capital Fire
428,655
340,754
48,496,032
399,255
178,482
Central Mfrs.' Mutual,
354,114
301,334
18,914,011
343,999
159,893
Citizens'
530,768
638,439
50,941,163
467,459
458,795
City of New York, . .
346,778
219,743
35,527,882
317,835
86,906
Colonial Assurance, .
678,443
588,603
53,540,307
655,060
311,392
Columbia
279,392
213,927
-
-
Commerce,
288,925
227,857
32,111,621
252,471
90,741
Commercial Union Fire,
307,847
285,077
33,163,121
288,055
186,838
Commonwealth, ....
555,237
394,744
50,911,617
400,792
167,975
Concordia Fire
935,727
941,644
121,900,461
842,231
555,269
Connecticut Fire,
4,422,015
5,310,458
490,126,738
3,550,593
3,833,528
Continental,
7,774,715
7,265,S85
1,192,927,952
6,702,853
4,358,136
Cosmopolitan Fire,
726,930
285,612
33,983,917
569,202
81,229
County Fire
396,787
325,660
47,513,785
341,696
142,128
Delaware,
1,344,928
1,457,773
144,790,502
989,540
994,079
Delaware Fire
327,224
231,234
21,797,614
312,887
99,479
Detroit Fire and Marine, • .
665,906
522,102
64,621,846
515,203
197,458
Dixie, ......
428,669
71,235
11,286,884
171,251
2,903
Dutchess,
366,239
62.S57
43,475,370
361,222
23,841
Eagle Fire
679,856
953,903
49,481,508
475,277
698,226
Eastern, . . . .
260,204
233,283
19,435,640
239,593
109,448
Empire City Fire, . .
445,629
361,091
30,489,503
431,739
215,446
Enterprise Mutual Fire,
325,771
279,761
38,332,371
312,089
12,587
Equitable Fire and Marine,
884,047
1,043,805
95,224,592
764,467
653,412
Farmers' Fire
647,088
519,950
77,450,601
609,tf09
281,893
Federal,
1,506,941
1,631,559
46,191,743
497,686
716,833
Fidelity Fire
2,000,924
186,189
36,167,381
445,556
23,590
Fire Association,
6,138,434
5,993,653
570,030,676
3,931,281
3,595,206
Fireman's Fund Ins. Co., .
7,920,329
11,069,342
-
1,104,124
7,529,604
Firemen's Fund Ins. Corp'n,
5,070,360
1,643,737
380,846,055
3,886,847
640,524
Firemen's
1,878,207
1,322,392
241,985,386
1,686,703
531,792
Firemen's Mutual,
1,021,317
960,222
121,010,454
964,403
52,637
Franklin
136,246
80,008
13,104,480
120,493
38,557
Franklin Fire, ....
2,221,826
2,995,407
175,718,310
925,327
1,656,107
Georgia Home, ....
619,949
537,530
57,709,144
568,127
230,155
German Alliance,
651,642
698,962
72,866,436
560,440
479,371
German- A merican,
7,406,103
7,523,444
1,152,136,774
6,397,153
4,860,716
German-American Fire,
211,107
145,789
33,423,065
160,861
55,826
German Fire (Peoria),
712,837
973,782
66,805,851
524,245
737,228
German Fire (Pittsburgh),
648,471
577,179
86,419,521
609,007
272,188
Germania Fire, ....
3,097,051
4,631,484
586,581,258
2,762,006
3,269,948
INSURANCE COMMISSIONER.
liii
Table IX. — Insurance Companies of Other States — Continued.
Fire Business — Continued.
NAME OF COMPANY.
Income.
Disburse-
ments.
Net Amount
at Risk
Dec. 31, 1906.
Net
Premiums.
Net
Losses
Paid.
Girard Fire and Marine, .
Glens Falls, ....
Granite State Fire,
Hamilton, ....
Hanover Fire,
Hartford Fire, .
Home,
Hope Mutual Fire,
Indemnity, ....
Indianapolis,
Insurance Co. of No. America,
Ins. Co. of State Pennsylvania,
Jefferson Fire,
Lumber, ....
Lumbermen's Mutual ,
Manufacturers' Mutual Fire,
Mechanics', ....
Mechanics' Mutual Fire, .
Mechanics' and Traders', .
Mercantile Mutual Fire,
Merchants' Mutual, .
Michigan Commercial,
Middlesex Mutual Assurance,
Milwaukee Fire, . . .
Milwaukee Mechanics',
Nassau Fire,
National Fire,
National Lumber,
National Union Fire, .
Newark
New Brunswick Fire, .
New Hampshire Fire,
New Jersey Fire,
Niagara, ....
North British and Mercantile,
Northern, ....
North River,
Northwestern National,
Orient,
Pawtucket Mutual Fire,
Pelican Assurance,
Pennsylvania Fire,
Phenix, ....
Philadelphia Mfrs.' Mutual,
Phoenix, . <
Providence Mutual Fire, .
Providence Washington, .
Queen,
Reliance
Rhode Island Mutual Fire,
Rochester German,
Security,
Shawnee Fire,
Southern,
Spring Garden, .
State Mutual Fire,
St. Paul Fire and Marine,
Teutonia,
Union, ....
Union Fire, .
$1,245,589
1,904,630
529,552
165,584
2,912,752
20,888,825
10,888,128
358,128
293,220
374,589
8,077,440
431,204
641,179
212,477
225,016
608,648
433,773
411,040
464,978
260,802
379,259
678,565
160,563
484,745
1,833,726
815,463
6,446,434
154,741
2,383,943
360,494
298,973
2,391,716
503,403
4,081,709
312,178
567,166
1,670,589
1,906,462
1,641,369
122,413
692,758
4,626,938
10,721,072
361,892
5,574,996
113.844
2,412^21
4,361,690
800,381
806,939
1,839,476
1,393,342
832,942
512,718
1,519,058
1,205,045
3,874,842
919,503
682,073
191,987
$1,366,145
2,465,452
423,308
146,762
3,573,382
20,617,071
10,388,188
334,063
320,192
404,119
10,250,188
329,766
369,452
162,452
176,723
539,207
344,627
356,026
335,482
238,796
334,674
389,379
122,384
485,734
2,628,401
700,574
7,078,914
99,684
2,248,516
296,192
325,687
2,198,103
262,504
4,576,637
152,026
445,380
1,721,147
2,033,303
1,968,872
108,228
698.964
5,501,447
11,073,083
320,193
5,811,725
84,403
2,771,182
4,714,601
691,282
721,196
1,679,441
1,430,520
521, 70S
348,758
1,423,S75
1,096,922
3,997,385
929,214
536,611
128,904
$173,168,781
289,924,038
62,470,070
9,681,379
388,670,056
1,626,417,188
1,502,652,186
38,521,395
29,340,816
35,449,313
772,865,138
40,525,047
47,091,875
13,509,463
8,275,545
72,981,236
65,648,973
49,032,787
42,223,518
24,897,681
44,658,777
61,479,258
47,339,091
49,122,418
232,842,841
64,913,503
668,831,205
5,620,655
160,318,028
46,883,923
20,620,663
289,054,270
27,597,248
437,148,176
45,662,938
65,323,129
184,194,613
415,333,072
179,583,585
25,737,221
37,493,185
553,144,839
863,934,133
37,312,686
667,661,015
30,455,989
264,217,963
491,003,309
102,309,214
96,409,211
142,763,436
170,706,117
93,860,109
32,947,053
179,350,538
144,144,693
360,525,515
57,035,003
68,130,887
18,542,198
$702,451
1,693,660
498,655
140,168
2,402,154
13,999,932
9,472,312
344,678
258,239
351,673
5,645,408
385,877
528,268
195,003
217,117
580,051
359,231
392,307
430,981
228,349
357,973
583,541
119,655
307,694
1,396,494
687,786
4,991,039
145,743
1,232,336
320,197
283,947
2,212,372
451,319
3,068,939
227,678
482,489
1,579,527
1,750,985
1,214,287
97,450
323,203
3,143,280
6,166,958
334,046
4,477,938
88,215
1,856,939
4,040,543
740,981
767,415
1,126,603
1,093,033
690,998
494,611
1,428,773
1,156,028
3,190,793
700,591
644,395
168,815
$946,541
1,607,561
220,130
78,644
2,562,329
13,460,525
6,294,964
27,588
233,390
242,165
5,849,658
153,388
129,025
75,959
56,945
27,356
151,672
16,985
183,324
25,833
15,304
133,996
67,143
321,743
1,936,074
475,831
4,565,528
42,872
1,624,728
123,481
190,169
1,278,171
81,192
3,363,419
54,690
232,867
1,033,554
1,129,096
1,256,246
42,946
576,058
4,165,708
6,011,521
23,150
3,391,149
32,341
1,730,705
3,275,813
354,373
40,907
1,003,576
858,796
256,165
126,745
8S0,876
57,847
2,416,096
649.233
257^82
48,308
liv
REPORT OF THE
Table IX. — Insurance Companies of Other States — Concluded.
Fire Business — Concluded .
NAME OF COMPANY.
Income.
Disburse-
ments.
Net Amount
at Risk
Dec. 31, 1906.
Net
Premiums.
Net
Losses
Paid.
Union Mutual Fire,
United Firemen's,
United States Lloyds,
Virginia Fire and Marine, .
Westchester Fire,
Western
Western Reserve,
What Cheer Mutual Fire, .
Williamsburg City Fire,
$59,653
835,431
1,245,373
673,609
2,955,977
451,421
143,270
390,709
1,579,661
$43,064
906,020
1,047,564
556,278
3,096,269
327,177
108,895
371,027
1,930,772
$19,286,603
128,040,917
59,501,527
406,741,792
51,358,434
11,385,789
42,073,262
206,923,941
$41,837
590,020
629,968
2,775,095
413,037
128,323
376,619
1,272,143
$5,850
583,613
326,410
2,000,316
149,588
42,494
32,350
1,302,029
Totals
$224,358,428
$227,959,019
$22,738,263,613
$163,335,288
$135,599,065
Marine Business.
NAME OF COMPANY.
Net Amount
at Risk
Dec. 31, 1906.
Net
Premiums.
Net Losses
Paid.
^Etna, .
Alliance,
Atlantic Mutual,
Citizens' (Mo.) ,
Columbia, .
Detroit Fire and Marine,
Equitable Fire and Marine,
Federal
Fireman's Fund Insurance Company,
Firemen's Fund Insurance Corporation,
Home,
Insurance Company of North America,
Jefferson Fire,
Mechanics' and Traders',
Northwestern National,
Providence Washington,
Security,
Southern,
St. Paul Fire and Marine,
Teutonia,
United States Lloyds,
Totals, .
$16,338,518
1,983,582
154,064,867
4,356,146
1,002,048
233,206
58,826,886
26,067,478
10,809,016
74,257,598
4,249,250
212,070
3,228,509
59,627,730
$416,925
100,788
2,910,462
74
209,942
73,040
21,202
820,165
255,198
800,038
240,365
1,886,241
4,248
5,437
317,354
16,226
2,055
469,379
22,689
998,034
$239,183
70,271
1,022,020
82,818
43,211
9,235
401,985
284,508
290,670
154,358
1,442,009
4,101
16,712
222,537
12,050
492
260,984
4,708
613,406
$415,256,904
$9,569,862
$5,175,258
INSURANCE COMMISSIONER.
lv
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 COMPANY.
Location.
Net Amount
at Risk
Dec. 31, 1906.
Admitted
Assets.
Liabilities.
Surplus to
Policy
Holders
Dec. 31,
1906.
Aachen and Munich Fire,
Alliance Assurance,
Atlas Assurance, .
British America Assurance, .
British and Foreign Marine,*
Aix-la-Chapelle,
London,
London,
Toronto,
Liverpool, .
$128,528,335
48,188,112
178,938,776
153,602,404
22,243,673
$1,673,075
860,793
1,847,852
1,476,281
1,220,907
$1,041,989
1,300,987
1,315,137
1,133,344
603,786
$631,086
-t
532,715
342,937
617,121
Caledonian, ....
Cologne Reinsurance, .
Commercial Union Assur.,* .
Hamburg- Bremen Fire,
Law Union and Crown,
Edinburgh,
Cologne,
London,
Hamburg, .
London,
200,187,398
100,178,537
714,709,969
228,575,006
43,950,870
2,009,456
839,569
7,000,978
2,214,280
543,661
1,670,117
551,558
5,576,203
1,913,556
338,767
339,339
288,011
1,424,775
300,724
204,894
Liverp. and Lond. and Globe,
London Assurance (Fire),
London Assur. (Marine),* .
London and Lancashire Fire,
Mannheim,* ....
Liverpool, .
London,
London,
Liverpool, .
Mannheim, .
1,091,105,097
250,591,281
11,884,820
389,262,487
18,447,976
11,482,832
2,394,069
580,686
2,934,404
545,120
7,785,240
1,755,153
255,846
2,346,609
231,171
3,697,592
638,916
324,840
587,795
313,949
Marine,*
Moscow Fire, ....
Munich Reinsurance,
North British and Mercantile,
Northern Assurance,
London,
Moscow,
Munich,
London,
London,
13,881,796
152,361,402
354,273,541
657,936,274
427,826,125
860,549
1,419,603
3,203,878
6,302,463
3,817,535
303,626
1,076,528
2,810,723
4,062,517
3,056,073
556,923
343,075
393,155
2,239,946
761,462
Norwich Union Fire,
Palatine,
Phoenix Assurance,
Prussian National,
Rossia, . . . . .
Norwich,
London,
London,
Stettin,
St. Petersburg, .
304,059,989
184,126,188
329,517,029
116,515,919
225,250,834
3,137,464
3,144,968
2,949,952
1,512,499
2,137,203
2,352,185
2,158,897
2,206,992
914,521
2,153,005
785,279
986,071
742,960
597,978
-X
Royal,
Royal Exchange Assurance,
Salamandra, ....
Scottish Union and National,
Skandia •
Liverpool, .
London,
St. Petersburg, .
Edinburgh,
Stockholm, .
1,542,735,658
182,688,426
140,902,421
313,997,627
96,357,284
12,543,483
1,953,164
1,248,245
3,931,971
1,045,354
10,637,784
1,221,834
1,045,983
2,097,093
784,777
1,905,699
731,330
202,262
1,834,878
260,577
State Fire, ....
Svea Fire and Life,
Thames and IVIersey Marine,*
Union Assurance, .
Liverpool, .
Gothenburg,
Liverpool, .
London,
13,375,712
408,087,547
65,560,487
7,875,064
133,435,773
357,559
3,399,806
993,682
648,793
1,204,662
188,616
2,619,629
635,753
270,568
845,661
168,943
780,177
357,929
378,225
359,001
Union Marine,*
Western Assurance,
Liverpool, .
Toronto,
7,864,887
296,876,169
575,016
2,388,203
174,542
2,147,475
400,474
240,728
$9,555,900,893
$9^6,400,015
$71,584,245
$25,271,766
f See footnote on page 416.
J See footnote on page 467.
lvi
REPORT OF THE
Table XI. — United States Branches, Foreign Companies.
NAME OF COMPANY.
Income.
Disburse-
ments.
Expenses.
Net
Premiums.
Net
Losses
Paid.
Aachen and Munich Fire, .
Alliance Assurance, ....
Atlas Assurance, ....
British America Assurance,
British and Foreign Marine,
$4,026,964
1,862,818
3,095,572
2,410,939
1,061,213
$3,723,176
1,864,564
3,024,807
2,394,040
1,046,943
$390,782
158,479
612,980
517,995
203,429
$1,000,964
429,186
1,575,552
1,504,627
774,800
$3,316,941
1,581,641
2,409,420
1,870,267
217,197
Caledonian
Cologne Reinsurance, ....
Commercial Union Assurance, .
Hamburg-Bremen Fire,
Law, Union and Crown, .
3,662,805
666,415
7,721,145
4,771,118
1,863,933
3,395,102
624,545
5,518,862
4,478,633
2,081,693
528,625
192,456
1,767,490
722,346
135,366
1,429,659
632,647
5,219,507
1,763,668
376,013
2,843,596
254,601
3,684,655
3,540,245
1,810,057
Liverpool and London and Globe, .
London Assurance (Fire),
London Assurance (Marine), .
London and Lancashire Fire, .
Mannheim
11,953,468
6,735,473
409,034
7,204,254
781,253
11,719,673
6,520,589
428,849
7,170,377
751,929
2,426,136
681,026
117,293
789,981
274,945
7,735,855
1,962,596
390,777
2,292,363
720,995
7,462,187
5,326,164
170,735
4,774,501
370,866
Marine,
Moscow
Munich Reinsurance
North British and Mercantile, .
Northern Assurance, ....
810,177
1,660,332
4,652,610
6,882,346
6,601,652
688,705
1,315,769
5,081,050
6,452,173
6,099,271
171,452
455,162
1,044,851
1,462,551
952,383
786,047
1,517,779
3,519,565
4,327,608
2,900,010
259,977
860,653
3,960,792
4,988,478
3,455,080
Norwich Union Fire, ....
Palatine,
Phoenix Assurance, ....
Russian National, ....
Rossia, . . .
3,399,813
3,378,445
5,026,000
1,735,754
4,158,185
2,927,216
2,403,068
5,392,701
1,453,913
3,827,807
768,143
526,499
936,759
•326,768
890,779
2,099,983
1,504,131
2,513,750
889,632
3,069,453
2,052,122
1,872,692
3,677,108
1,124,972
2,810,340
Royal,
Royal Exchange Assurance,
Salamandra,
Scottish Union and National,
Skandia
14,703,693
4,501,164
1,505,519
2,277,623
1,540,945
10,346,875
4,578,887
1,525,994
3,093,670
1,450,501
3,076,354
647,380
368,545
750,483
304,952
10,159,007
1,240,472
1,260,733
2,076,327
951,139
7,072,364
3,785,057
935.S64
1,932,947
1,064,698
State Fire,
Sun,
Svea Fire and Life, ....
Thames and Mersey Marine,
Union Assurance, ....
1,176,113
4,994,560
2,029,185
640,123
3,771,102
1,103,698
4,541,281
1,881,745
624,169
4,297,581
61,249
994,724
287,996
128,068
415,145
155,106
2,744,218
713,688
538,342
1,039,385
1,042,448
2,716,546
1,581,698
220,252
3,612,323
Union Marine,
Western Assurance, ....
665,866
3,939,297
709,845
3,846,574
198,150
841,791
540,188
2,585,539
297,044
2,995,900
Totals,
$138,276,908
$128,386,275
$25,129,513
$74,941,311
$91,952,428
INSURANCE COMMISSIONER.
lvii
Table XII. — Massachusetts Business for 1906.
Massachusetts Mutual Fire Companies.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Losses
Incurred.
Abington
$2,465,528
$41,201
$12,905
$13,977
Annisquam,
62,700
-
174
174
Arkwright
77,628,834
526.0S3
31,028
30,595
Attleborough,
1,695,338
13,433
8,792
10,708
Barnstable County,
2,217,73S
40,003
10,691
11,866
Berkshire,
3,430,156
45,233
16,402
16.6S4
Boston Manufacturers', ....
87,004,451
607,446
34,219
33,422
Bristol County,
263,130
1,683
256
256
Cambridge, *
4,117,773
59,882
21.39S
20,641
Citizens',
5,570,859
79,681
17,729
17,654
Cotton and 'Woolen,
7,581,320
59,385
1,257
1,205
Dedham,
2,321,854
36,014
8,941
8,941
Dorchester,
11,3S6,874
192,942
92,098
97,198
Fall River Manufacturers', ....
27,283,898
187,322
15,624
14,900
Fitchburg,
5,029,167
71,884
24,567
21,867
Groveland,
368,691
_
358
358
Hampshire
1,173,053
18,755
6,315
6,315
Hingham,
7,254,532
107,671
32,956
32,853
Hoi yoke,
9,413,414
134,154
32,041
33,282
Industrial
4,429,355
34,030
755
713
Lowell,
3,665,632
61,113
17,958
15,731
Lumber,
1,887,47")
39,637
10,990
10,990
Lynn
534,713
6,760
719
719
Merchants' and Farmers', ....
4,619,S17
71,252
25,926
25,995
Merrimack,
7,526,214
97,606
39,501
34,502
Middlesex,
10,395,209
166,246
44,808
44,282
Mutual Fire Assurance
6,276,075
104,372
1,521
-
Mutual Protection
2,393,954
39,183
9,794
10,400
Newburvport,
205.610
3,128
57
62
Norfolk,*
5,505,847
77,146
16,584
16,584
Paper Mill,
7,865,109
54,917
1,395
_
Qumcy
7,698,172
117,021
33,122
33,128
Rubber Manufacturers', ....
6,266.454
48,980
808
808
Salem,
2,511,161
42,470
16,461
13,933
Salisbury and Amesbury, ....
1,03(5,524
9,697
7,716
7,716
Saugus
876,150
_
1,256
1,256
South Danvers,
305,975
5,330
847
1,254
Traders' and Mechanics', ....
9,003,904
136,063
46,343
46,518
West Newbury
364,393
-
906
406
Worcester Manufacturers', . . .
30,070,405
213,795
7,113
7,583
Worcester Mutual
10,079,476
133,219
31,035
25,454
Totals, . *
$379,786,934
$3,684,737
$683,366
$670,930
lviii
REPORT OF THE
Table XII. — Massachusetts Business for 1906 — Continued.
Massachusetts Mutual Fire-Marine Companies.
Fire Business.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Losses
Incurred.
$2,102,791
$27,113
$16,824
$20,288
Marine Business.
$11,382,718
$160,581
$112,187
$127,651
Massachusetts Stock Companies.
Fire Business.
American
Boston,
Mercantile Fire and Marine,
Old Colony, .
Springfield Fire and Marine,
Totals, . .
$17,908,693
2,210,378
2,971,361
21,198,443
$44,288,875
$198,133
24,919
28,049
219,775
$470,876
$6,270
90,285
15,244
2,685
72,342
$186,826
Marine Business.
Boston,
$57,595,482
$594,858
$236,156
Companies of Other States.
Fire Business.
Adirondack,
iEtna,
Agricultural,
Albany, .
Alliance,
American,
American Central,
American Lloyds,
American Mutual Fire, .
Assurance Company of America,
Ben Franklin,
Blackstone Mutual Fire,
British American, .
Buffalo Commercial,
Buffalo German, .
Caledonian-American, .
Calumet,
Camden Fire
Capital Fire
Central Manufacturers' Mutual,
Citizens' (Missouri),
City of New York, .
Colonial Assurance,
Commerce, ....
Commercial Union Fire,
$93,050
34,116,958
10,907,873
3,113,388
4,569,538
8,311,317
11,157,253
3,455,491
7,140,615
2,545,990
414,088
23,456,752
1,539,824
1,744,713
4,067,872
745,426
99,981
5,573,151
4,202,220
989,999
3,131,910
2,678,627
2,849,412
2,328,976
2,154,300
$1,313
341,077
94,352
39,087
48,228
92,548
141,945
27,075
52,703
21,136
4,886
169,943
18,468
16,280
33,635
9,881
5,454
69,526
43,372
17,367
44,838
28,502
33,825
21,608
25,896
$148,170
37,686
21,197
16,303
25,415
58,805
2,496
1,290
8,306
9,951
6,146
4,762
16,186
1,728
3,225
16,860
19,493
2,786
23,402
13,161
11,761
5,836
9,413
INSURANCE COMMISSIONER.
lix
Table XII. — Massachusetts Business for 1906 — Continued.
Companies op Other States — Continued.
Fire Business — Continued.
NAME of company.
Risks
Written.
Premiums
Received.
Losses
Paid.
Losses
Incurred.
Commonwealth,
$5,555,353
$40,765
$14,799
$22,073
Concordia,
2,011,709
34,596
16,360
12,618
Connecticut Fire, .
12,764,000
139,128
69,157
82,807
Continental, .
23,093,575
248,181
74,061
87,212
Cosmopolitan,
1,327,042
13,694
2,626
3,352
County Fire, . . .•
4,068,825
42,295
5,558
7,920
Delaware,
4,051,747
51,381
23,275
30,437
Delaware Fire,
1,155,317
11,945
2,346
2,805
Detroit Fire and Marine,
4,884,281
43,195
10,758
13,931
Dixie, ....
310,821
3,860
-
18
Dutchess,
357,151
6,207
3,032
8,281
Eagle, ....
1,928,467
25,658
6,202
11,109
Eastern, ....
1,696,127
18,405
4,880
8,511
Empire City Fire, .
2,679,902
26,968
7,534
8,265
Enterprise Mutual Fire,
7,149,151
52,699
1,251
1,204
Equitable Fire and Marine,
7,302,034
72,069
27,037
31,320
Farmers',
5,112,213
57,999
17,837
24,510
Federal, ....
3,175,131
22,544
3,386
2,873
Fidelity Fire, .
1,828,751
21,140
427
889
Fire Association, .
18,877,889
204,225
73,323
88,844
Fireman's Fund Insurance Company,
2,245,437
35,402
30,454
23,526
Firemen's Fund Insurance Corporation, .
10,656,656
103,160
25,511
33,568
Firemen'?,
9,813,790
92,890
27,169
41,049
Firemen's Mutual,
'
37,316,259
272,270
19,315
18,021
Franklin (West Virginia),
148,107
1,152
-
435
Franklin Fire,
4,537,861
48,279
13,729
14,283
Georgia Home,
745,760
8,042
900
1,940
German Alliance, .
3,148,927
31,745
8,111
10,107
German American,
26,702,145
275,196
107,539
119,082
German American Fire,
1,094,357
11,296
5,989
3,542
German Fire (Peoria), .
545,956
8,379
5,798
5,798
German Fire,
4,660,940
50,244
22,960
22,599
Germania Fire,
10,134,292
104,604
36,313
44,925
Girard Fire and Marine,
3,820,100
43,116
13,906
20,507
Glens Falls, .
6,990,980
54,472
16,648
15,741
Granite State,
6,296,308
65,189
23,079
24,459
Hamilton,
336,850
4,023
381
401
Hanover,
9,466,969
99,202
31,423
27,399
Hartford,
36,463,047
362,300
122,615
140,817
Home
58,956,923
499,353
190,246
208,164
Hope Mutual Fire,
3,359,884
26,415
432
432
Indemnity Fire,
849,579
9,950
3,971
7,401
Indianapolis Fire, .
388,225
2,931
1,389
1,401
Insurance Company of North America,
29,520,716
318,849
122,850
133,706
Insurance Co. of State of Pennsylvania, .
3,907,836
36,872
5,485
16,589
Jefferson Fire,
3,852,817
45,755
6,142
9,263
Lumber,
408,770
5,025
2,938
2,938
Lumbermen's Mutual, .
752,760
18,242
5,419
5,919
Manufacturers' Mutual Fire,
17,260,504
126,405
5,392
5,533
Mechanics', .
1,107,888
15,591
5,490
1,827
Mechanics' Mutual Fire,
10,156,905
74,730
2,437
2,573
Mechanics' and Traders',
3,155,278
25,690
5,420
9,271
Mercantile Mutual Fire,
1,566,738
14,070
310
31C
Merchants' Mutual,
10,262,540
74,616
5,404
4,998
Michigan Commercial, .
3,115,525
25,487
4,979
9,379
Middlesex Mutual,
152,080
1,765
10,958
11,296
Milwaukee Fire,
343,768
4,212
3,027
2,633
Milwaukee Mechanics',
2,381,708
28,583
16,285
16,229
Nassau
4,234,217
45,928
15,457
17,710
National Fire,
22,535,777
196,642
68,493
84,450
lx
REPORT OF THE
Table XII. — Massachusetts Business for 1906 — Continued.
Companies of Other States — Concluded.
Fire Business — Concluded.
NAME of company.
Risks
Written.
Premiums
Received.
Losses
Paid.
Losses
Incurred.
National Lumber,
$176,360
$3,964
$25
$25
National Union Fire,
6,3S1,218
63,889
20,259
22,887
Newark
736,281
7,710
2,477
3,457
New Brunswick, .
1,017,S09
9,614
3,239
3,264
New Hampshire, .
18,939,437
169,271
72,357
76,629
New Jersey, .
1,479,852
20,072
2,365
2,938
Niagara, ....
23,251,954
261,597
117,006
135,474
North British and Mercantile
^> •
3,950,185
27,283
• 3,404
10,108
Northern,
3,583,181
38,858
10,210
12,295
North River, .
7,460,892
93,797
23,997
28,323
Northwestern National,
4,5S0,476
36,539
16,767
1S,979
Orient, . .
6,667,991
59,054
25,869
28,479
Pawtucket Mutual Fire,
2,389,929
35,802
18,756
15,018
Pelican Assurance,
1,183,711
13,729
5,107
7,657
Pennsylvania Fire,
18,019,033
177,778
5S,389
74,782
Phenix, ....
18,063,043
168,506
66,908
80,993
Philadelphia Manufacturers
' Mutual
Fire,
3,052,739
23,602
371
371
Phoenix, ....
26,077,539
228,194
66,519
82,449
Providence Mutual Fire,
1,264,893
13,716
2,972
2,972
Providence-W a shin gton,
13,279,785
125,860
4S.S36
56,185
Queen, ....
16,774,752
163,660
61,580
74,917
Reliance,
4,560,506
43,769
17,594
19,995
Rhode Island Mutual Fire,
24,146,976
177,326
13,195
13,379
Rochester German,
5,628,821
70.4S1
27,454
29,790
Security, ....
7,109,156
71,951
39,917
42,029
Shawnee Fire,
830,496
10,638
-
36
Southern,
510,251
6,408
25
25
Spring Garden,
6,810,575
80,081
34,732
34,250
State Mutual Fire, .
39,329,112
291,807
18.S29
17,995
St. Paul Fire and Marine,
7,315,318
6S,750
32,977
37,808
Teutonia,
4,049,082
42,916
21,291
23,894
Union, . . .
4,077,045
40,688
14,397
15,660
Union Fire,
1,382,094
13.S34
470
581
Union Mutual Fire,
365,100
3,878
6
21
United Firemen's, .
4,587,552
54,571
13,990
17,375
Virginia Fire and Marine,
_
_
_
_
Westchester Fire, .
9,660,750
104,945
32,957
41,907
Western
3,072,616
29,750
9,901
11,804
Western Reserve, .
953,284
10,767
1,059
1,948
What Cheer Mutual Fire,
4,210,955
32,920
4,288
4,275
Williamsburg City Fire,
5,685,436
57,243
21,107
18,535
Totals,
$916,729,574
$S,763,1S9
$2,770,152
$3,181,434
Marine Business.
iEtna,
Atlantic Mutual, ....
Columbia,
Equitable Fire and Marine, .
Fireman's Fund, ....
Home, ... . .
Insurance Company of North America,
Providence- Washington,
St. Paul Fire and Marine,
United States Lloyds, .
Totals,
$8,429,212
44,208,215
2,893,083
773,764
2,258,026
1,155,050
89,381,800
14,877,194
4,330,305
15,718,888
$184,025,537
$100,433
248,772
60,934
18,901
25,606
21,259
369,479
65,401
37,170
51,115
$999,070
$35,211
71,490
17,577
9,515
15,458
43,476
222,998
7,345
12,900
19,069
$455,069
$21,833
71,490
1S.288
13,583
28,b43
51,476
219,798
6,243
16,791
20,918
$469,263
INSURANCE COMMISSIONER.
lxi
Table XII. — Massachusetts Business for 1906 — Continued.
United States Branches, Foreign Companies.
Fire Business.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Losses
Incurred.
Aachen and Munich,
$4,083,087
$49,700
$26,632
$23,935
Alliance Assurance,
5,646,069
44,372
12,846
9,273
Atlas Assurance
6,735,441
67,904
21,271
27,764
British America Assurance,
3,633,563
46,372
15,464
19,081
Caledonian,
8,319,411
96,836
41,923
46,364
Cologne Reinsurance, .
5,869,339
57,870
14,338
17,374
Commercial Union A ssurance, .
16,432,088
170,875
62,605
68,881
Hamburg Bremen Fire,
5,369,734
65,232
19,922
22,132
Law, Union and Crown,
2,108,525
11,757
2,349
5,865
Liverpool and London and Globe,
32,322,649
376,421
153,253
173,773
London Assurance (Fire), .
9,274,222
99,212
38,809
40,555
London and Lancashire Fire,
14,461,745
112,547
47,328
53,022
Moscow,
4,545,187
43,621
10,879
11,492
Munich Reinsurance, .
25,089,937
246,158
101,674
108,678
North British and Mercantile,
22,003,118
204,279
65,502
69,133
Northern Assurance,
16,764,414
123,106
35,156
39,855
Norwich Union Fire,
11,868,240
113,923
43,169
57,970
PaJatine,
12,992,746
148,213
60,693
61,255
Phoenix Assurance,
10,548,735
116,109
49,669
58,265
Prussian National,
6,275,500
50,158
18,299
19,690
Rossia,
12,743,174
114,655
26,884
43,402
Royal, . . . . .
67,200,615
422,185
160,727
180,938
Royal Exchange Assurance,
6,993,143
77,572
45,497
45,044
Salamandra,
10,335,-548
100,429
23,761
24,212
Scottish Union and National,
8,841,930
98,765
41,782
46,875
Skandia
7,171,663
58,580
26,629
33,850
State Fire, . • .
303,297
4,728
2,118
2,063
Sun,
17,548,931
167,106
56,770
60,715
Svea Fire and Life,
3,297,674
40,432
10,880
14,909
Union Assurance
10,245,404
58,434
17,767
22,034
Western Assurance,
9,785,152
90,968
44,607
51,524
Totals,
$378,810,281
$3,478,519
$1,299,203
$1,459,923
Ma
an ne
Bi
i. sin ess.
British and Foreign Marine,
Commercial Union Assurance, .
London (Marine),
Mannheim,
Marine,
Thames and Mersey Marine,
Union Marine,
$18,105,827
88,972,004
20,084,927
11,452,730
322,795,472
5,345,280
4,154,994
$57,311
32,086
57,117
41,088
58,869
20,333
19,579
$21,981
5,814
32,551
65,484
21,820
1,495
2,697
$20,521
5,058
33,701
65,944
25,800
7,500
3,037
Totals
$470,911,234
$286,383
$151,842
8161,561
Recapitulation.
Fire Business.
Massachusetts mutual fire companies,
Massachusetts mutual fire-marine corn-
Massachusetts joint-stock companies, .
Companies of other states
United States branches, ....
$379,786,934
2,102,791
44,288,875
916,729,574
378,810,281
$3,684,737
27,113
470,876
8,763,189
3,47i<,519
$683,366
16,824
186,826
2,770,152
1,299,203
$670,930
20,288
185,460
3,181,434
1,459,923
Totals,
$1,721,718,455 ! .816,424,434
$4,956,371
$5,518,035
lxii
REPORT OF THE
Table XII. — Massachusetts Business for 1906 — Concluded.
Recapitulation — Concluded.
Marine Business.
NAME OF COMPANY.
Risks Premiums
Written. Received.
Losses
Paid.
Losses
Incurred.
Massachusetts mutual marine companies, .
Massachusetts joint-stock companies,
Companies of other states, ....
United States branches
$11,382,718
57,595,482
184,025,537
470,911,234
$160,581
594,858
999,070
286,383
$112,187
236,156
455,069
151,842
$127,651
260,681
469,263
161,561
$2,040,892
$955,254
$1,019,156
Table XIII. — Statement of the Receipts and Expenditures of the Insur-
ance Department for Eleven Months of the Fiscal Tear ending Nov. 30,
1906.
[Made pursuant to Revised Laws, chapter 118, section 17.]
Receipts.
Compensation for valuation of life insurar
License fees, tiling statements, certifiVates,
ice policies,
etc., .
$18,411 26
65,612 75
Total,
$84,024 01
Expenditures.
Commissioner.
Frederick L. Cutting,
$3,208 33
Deputy Commissioner.
Frank H. Harclison, ....
.
2,291 66
Actuary.
Emma W. Cushman, ....
■
1,833 33
Examiner.
Charles W. Fletcher,
.
1,833 33
Clerks.
A. E. Linn ell first,
W. O. Richardson, second,
Minnie F. Whipple, third,
$1,833 33
1,375 00
1,100 00
4,308 33
Amount carried forward,
$13,471 98
INSURANCE COMMISSIONER.
lxiii
Table XIII. — Statement of Receipts, etc. — Continued.
Amount brought forward,
Extra Clerks
L. G Hodgkins,
C. E Weis, .
M. E. Burrill, .
E. L. Johnson,
E. M Robbins,
E. 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,
J. S. Davis,
B. B. Hadley, .
K. J. Connorton,
S. E. Gould, .
K. L. Scheufele,
E. P. Bancroft,
H. L Richardson,
G. L. Moore, .
M. H. Dyer, .
M. F. Yeaton, .
L. A McGowan,
G. E. Nelson, .
M. A. Hosmer,
E A. Perkins,
C. W. Brown, .
C. E. Prouty, .
G. L. Hemenway,
F. A. Tufts, .
F. R. Leonard,
L. W. Whipple,
D. P. J. Walsh,
A. D. South worth and others, as per pay
rolls,
Expenses.
Carter & Peabody, appraisals,
R. L. Day & Co.,
Expenses of delegate to national convention
Expressage,
Mechanical accountant, ....
Newspapers, publications, etc.,
Postage,
Printing,
Stationery and office supplies,
Amounts carried forward,
.,375 00
916 66
916 66
916 66
916 66
916 66
916 66
833 33
825 00
825 00
825 00
770 00
770 00
770 00
770 00
770 00
770 00
770 00
770 00
770 00
770 00
770 00
770 00
770 00
770 00
770 00
770 00
645 73
645 73
645 00
644 63
620 97
571 67
152 00
100 00
19 00
378 79
|150 00
700 00
321 31
164 21
16) 00
73 70
799 77
1,516 19
261 36
!4,146 54
$13,474 98
26,926 81
$40,401 79
lxiv
EEPORT OF THE INSURANCE COMMISSIONER.
Table XIII. — Statement of Receipts, etc. — Concluded.
Amounts brought forward,
Telephone service and telegrams, .
Travelling expenses, examination of insur-
ance companies,
Sundries,
$4,146 54
51 07
329 89
55 83
|40,401
4,583
4,732
79
33
56
Printing Report.
2,500 copies Part I.,
4,000 copies Part II.,
1,500 copies " Fraternal and Beneficiary As-
sociations,1'
500 copies "Text and Tables,1' . .
Total expenditures, .
Fees collected and turned into the State trea^
$2,079
2,577
65
10
mry,
10
59
07
80
$49,717 68
84,024 01
• •
.
Surplus accrued to the Commonwealth,
$34,306 33
FIRE AND MARINE INSURANCE COMPANIES.
Abstracts of Annual Statements for the Year ending
December 31, 1906.
ABINGTON MUTUAL FIRE INSURANCE 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 H. NASH, Secretary.
Amount of permanent fund Dec. 31, 1905, ....
Increase during the year, .......
Permanent fund Dec. 31, 1906, . . .
Income.
Net premiums, .........
Interest on mortgage loans, $862 .11; stocks and bonds, $3,254 . 60 ;
all other, $819.07,
Increase in book value of bonds, ......
From all other sources, . . . . . . . .
Total income, . . . ...
Ledger assets, Dec. 31, 1905, . . . .
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,
Reduction in book value of bonds, ......
Miscellaneous expenses, . . . . . .
Total disbursements, .
Balance, .........
Ledger Assets.
Mortgages, ....
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Town of Abington note, /
Deposit in savings banks,
Total ledger assets,
$55,000 00
5,000 00
$60,000 00
$41,049 29
4,935 78
30 00
120 39
$46,135 46
119,218 82
$165,354 28
$13,536 70
11,825 54
5,594 10
3,631 79
300 00
418 85
130 00
1,501 85
$36,938 83
$128,415 45
$15,287 78
84,600 00
2,264 71
3,664 31
2,000 00
20,598 65
$128,415 45
ABINGTON MUTUAL FIRE INSURANCE CO.
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $295 . 32 ; bonds, $975 . 82,
All other, . . . .
Gross assets, ......
Assets not admitted.
Agents' balances over three months due, .
Book value of stocks and bonds over market value,
Total unadmitted assets,
Total admitted assets, . . . .
Liabilities.
Unpaid losses, ......
Unearned premiums on outstanding risks,
Dividends due policy holders,
Due for return premiums, ....
All liabilities, except surplus, .
Surplus, .......
Total liabilities,
Risks and Premiums.
Amount.
Risks outs'ding Dec. 31, 1905, $6,925,400 00
Risks written during 1906, . 2,592,963 00
•
$1,271 14
8 66
•
$129,695 25
$526 57
535 00
1,061 57
•
$128,633 68
•
$1,072 75
60,330 77
2,282 41
99 70
$63,785 63
64,848 05
$128,633 68
Cash Prem's. Conting't Prem's.
$108,201 29 $108,201 29
43,086 64 43,086 64
Total, ....
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
59,518,363 00
2,096,987 00
57,421,376 00
125,331 00
$151,287 93 $151,287 93
33,673 11 33,673 11
$117,614 82
2,014 70
$117,614 82
$7,296,045 00 $115,600 12
Miscellaneous.
Losses incurred during the year, .....
Profits or surplus retained during 1906, 20, 40 and 60 per cent.
Schedule A. Stocks and Bonds owned by the Company.
Bank Stocks.
15 shares Abington National,
14 " First National, Salem,
14 " Metropolitan National, Boston,
5 " Old Boston, Boston, .
20 " South End National, Boston,
10 " State National, Boston,
5 " Whitman National,
State and Municipal Bonds.
Boston, Mass., 3£s, 1923, .
Boston, Mass., 3£s, 1919, .
Cambridge, Mass., 3£s, 1918,
Chicago, 111., 4s, 1914,
Massachusetts 3s, 1909,
Massachusetts 3s, 1930,
Massachusetts 3s, 1941,
New Bedford, Mass., 3^s, 1913,
New Bedford, Mass., 4s, 1910.
South Abington, Mass., 4s, 1913,
$13,113 00
Book Value.
Rate.
Market Value.
.
00
108
$1,620 00
700
00
25
175 00
1,400
00
120
1,680 00
500
00
109
545 00
2,000
00
95^
1,910 00
1,000
00
149
1,490 00
500
00
100
500 00
4,000
00
97
3,880 00
1,000
00
97f
976 25
2,000
00
97f
1,955 00
2,000
00
lOOf
2,012 50
3,000
00
99
2,970 00
1,000
00
92|
928 75
1,000
00
91
910 00
2,000
00
98i
1,965 00
2,000
00
100*
2,005 00
2,000
00
101
2,020 00
ANNISQUAM MUTUAL FIRE INSURANCE CO.
Railroad Bonds.
Boston & Maine 4s, 1926,
Chicago, Burlington & Quincy 3*s, 1949,
Chicago & Eastern Illinois 4*s, 1910,
Chicago June. & Union Stock Yards 4s, 1940,
Chicago & Northwestern 5s, 1921,
Concord & Montreal 4s, 1920, .
Concord & Montreal 3*s, 1920, .
Fitchburg 4s, 1925, .
Flint & Pere Marquette 6s, 1920,
Illinois Cent. (Louisville Div. & Ter.) 3*s, 1953,
Illinois Central (Litchfield Div.) 3s, 1951, .
Maine Central 7s, 1912, ....
Naumkeag Street 5s, 1907,
New York Central & Hudson River 4s, 1934,
New York Central & Hudson River 3*s, 1997,
New York, New Haven & Hartford 4s, 1914,
New York, New Haven & Hartford 3*s, 1954,
Old Colony 3*s, 1932, ....
Portland & Ogdensburg 5s, 1908,
Princeton & Northwestern 3*s, 1926,
Rockland & Abington Street 6s, 1915,
Taunton Street 5s, 1914, .
Terminal Association of St. Louis 4*s, 1939,
Trenton Passenger 6s, 1931,
West End Street 4s, 1915,
Book Value.
$2,000 00
3,000 00
2,000 00
3,000 00
2,000 00
3,000 00
1,000 00
3,000 00
1,000 00
3,000 00
2,000 00
1,000 00
2,000 00
1,000 00
2,000
3,000
3,000
4,000
5,000 00
2,000 00
1,000 00
1,000
2,000
2,000
3,000
$84,600 00
00
00
00
00
00
00
00
00
Rate.
102f
92
98*
98
108
101i
95*
101*
113*
9H
79|
113*
100
97f
93£
100
90*
95
100*
94
109*
103*
109
120
1001
Market Value.
$2,055 00
2,760 00
1,970 00
2,940 00
2,160 00
3,037 50
955 00
3,045 00
1,135 00
2,737 50
1,595 00
1,135 00
2,000 00
976 25
1,865 00
3,000 00
2,715 00
3,800 00
5.025 00
1,880 00
1,095 00
1,035 00
2,180 00
2,400 00
3.026 25
$84,065 00
ANNISQUAM MUTUAL FIRE INSURANCE COMPANY, GLOUCESTER.
Incorporated March 1, 1847. Commenced business Dec. 28, 1847
ELIAS DAVIS, President. WILLIAM H. JEWETT, Secretary
[This company relies upon assessments on deposit notes to pay losses and expenses.]
Permanent fund, .......
Income.
Interest on mortgage loans, $204.84; all other, $241.26,
Assessment for losses, .
Total income, ......
Ledger assets, Dec. 31, 1905, .....
Total,
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, .......
$948 98
Ledger Assets.
Mortgages, .
Cash in banks and office,
Office safe, .
Total ledger assets,
•
$446 10
396 33
.
$842 43
9,957 62
$10,800 05
$174 42
126 58
363 62
10 00
7 58
21 94
•
$704 14
•
$10,095 91
$3,413 94
6,596 97
85 00
.
$10,095 91
ARKWRIGHT MUTUAL FIRE INSURANCE CO.
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $54.66; savings banks deposits, $24.19, . . $78 85
Gross assets, ......... $10,174 76
Assets not admitted.
Office safe, 85 00
Total admitted assets, . $10,089 76
Liabilities.
Due policy holders, ........ $91 00
Risks and Premiums.
Amount. Conting't Prem's.
Risks outstanding Dec. 31, 1905, . . . $289,380 00 $5,735 50
Risks written during 1906, .... 62,700 00
Total, $352,080 00
Risks expired and terminated, . . . 63,600 00
In force at end of year, $288,480 00 $4,415 29
Miscellaneous.
Losses incurred during the year, . . . . . . $174 00
ARKWRIGHT MUTUAL FIRE INSURANCE COMPANY, BOSTON.
Incorporated Feb. 8, 1860. Commenced business Oct. 1, 1860. jj i
R. W. TOPPAN, President. D. W. BARTLETT, Secretary.
Office, 31 Milk Street.
Income.
Net premiums, $1,439,925 99
Interest on bonds, $40,765.22; all other, $2,834.19, . ... 43,599 41
Total income, $1,483,525 40
Ledger assets, Dec. 31, 1905, 1,351,483 74
Total, $2,835,009 14
Disbursements.
Net amount paid for losses, ....... $74,240 64
Profits on terminated policies, ...... 1,231,315 06
Salaries, fees, etc., of officers and employees, .... 32,374 77
Rents, including company's own occupancy, .... 1,981 68
Taxes and fees, . . . 13,852 90
Inspections, 23,674 56
All other disbursements, ....... 7,910 16
Total disbursements, $1,385,349 77
Balance, $1,449,659 37
ARKWRIGHT MUTUAL FIRE INSURANCE CO.
Ledger Assets.
Bonds (schedule A),
Cash in banks and office, ....
Premiums in course of collection,
Total ledger assets,
Non-Ledger Assets.
Interest accrued on bonds, ......
Gross assets, ........
Assets not admitted.
Book value of bonds over market value, . .
Total admitted assets, ......
Liabilities.
Unpaid losses, ........
Unearned premiums on outstanding risks,
Taxes accrued, ........
All liabilities, except surplus, .
Surplus, .........
Total liabilities, .......
Risks and Premiums.
Amount. Cash Prem's.
Risks outs'ding Dec. 31, 1905, $175,366,792 00 $1,338,910 70
Risks written during 1906, . 200,893,702 00 1,509,804 81
,329,410 00
107,078 43
13,170 94
.,449,659 37
16,802 27
.,466,461 64
23,516 25
,442,945 39
$3,359 36
714,253 18
5,016 90
$722,629 44
720,315 95
1,442,945 39
Conting't Prem's.
$6,694,553 50
7,549,024 05
Total, .... $376,260,494 00
Risks expired and terminated, 186,890,760 00
£2,848,715 51 $14,243,577 55
1,420,209 15 7,101,045 75
In force at end of year,
$189,369,734 00 $1,428,506 36 $7,142,531 80
Miscellaneous.
Losses incurred during year, .......
Profits or surplus returned during 1906, 91 .21 per cent.
Schedule A. Bonds owned by the Company.
State and Municipal Bonds.
Boston, Mass., 3^s, 1932, .
Boston, Mass., 3|s, 1945, .
Cambridge, Mass., 4s, 1910,
Cambridge, Mass., 3^s, 1920,
Lowell, Mass., 4s, 1920, .
Massachusetts 3s, 1939,
Massachusetts 3s, 1940,
New York, N. Y., 4s, 1955,
Providence, R. I., 3s, 1930,
Waltham, Mass., 4s, 1910,
Railroad Bonds.
Boston & Albany 3£s, 1952,
Boston & Albany 4s, 1913,
Boston Elevated 4s, 1935,
Boston & Lowell 4s, 1913,
Boston & Lowell 4s, 1932,
Boston & Maine 4s, 1942,
Boston & Providence 4s, 1918,
Book Value.
$51,000 00
30,000 00
15,000 00
25,000 00
20,000 00
55,000 00
45,000 00
50,000 00
50,000 00
10,000 00
25,000 00
30,000 00
52,000 00
35,000 00
54,875 00
49,900 00
20,000 00
Rate.
961
95
100
97^
102£
91f
91*
102i
90
100
95f
101
102
100£
103J
103|
10ll
$66,469 00
Market Value.
$48,062 50
28,500 00
15,000 00
24,375 00
20,500 00
50,256 25
41,062 50
51,062 50
45,000 00
10,000 00
23,937 50
30,300 00
51,000 00
35,175 00
56,787 50
51,875 00
20,300 00
ATTLEBOROUGH MUTUAL FIRE INSURANCE CO.
Chicago, Burlington & Quincy 4s, 1919,
Chicago, Burlington & Quincy 3£s, 1949,
Chicago June, and Union Stock Yards 5s, 1915,
Chicago & Northwestern 5s, 1933,
Concord & Montreal 4s, 1920, .
Erie & Pittsburg 3£s, 1940,
Fitchburg 4s, 1928,
Lake Shore & Michigan Southern 3£s, 1997,
New England 4s, 1945, ....
New York Central & Hudson River 3^s, 1997,
N. Y. Cent. & Hud. R. (L. Shore coll.) 3£s, 1998,
New York, New Haven & Hartford 3£s, 1947,
New York, New Haven & "Hartford 4s, 1954,
Norwich & Worcester 4s, 1927, .
Old Colony 4s, 1938, ....
Pennsylvania Co. 4^s, 1921,
Pennsylvania Co. 4s, 1931,
Philadelphia, Wilmington & Baltimore 5s, 1910,
West End Street 4s, 1932,
Miscellaneous Bonds.
American Telephone & Telegraph Co. 4s, 1929,
Book Value.
Rate.
Market Value.
$17,000
00
100
$20,000 00
48,000
00
92
46,000 00
23,719
00
104
26,000 00
28,400
00
112£
28,125 00
25,000
00
101£
25,312 50
24,750
00
96
24,000 00
52,000
00
101*
50,750 00
49,500
00
94*
47,250 00
30,000
00
102*
30,750 00
70,766
00
93i
69,937 50
26,700
00
86^
25,875 00
50,000
00
91
45,500 00
52,600
00
101i
50,625 00
53,000
00
102f
51,375 00
40,000
00
103|
41,450 00
30,000
00
105*
31,650 00
19,400
00
97i
19,450 00
20,000
00
1031
20,650 00
25,800
00
102
25,500 Oo
25,000
00
90
22,500 00
$1,329,410 00
81,305,893 75
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, .......
Income.
Net premiums, $11,535.23; extra premiums, $138.66,
Interest on mortgage loans, $1,258.17; stocks and bonds, $340;
all other, $263.89, .
From all other sources, . . . . . .
Total income, .........
Ledger assets, Dec. 31, 1905, .......
Total,
Disbursements.
Net amount paid for losses, .
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents, ......
Taxes and fees, .....
Reduction in book value of securities,
Borrowed money, .....
All other disbursements,
Total disbursements,
Balance, .....
Mortgages, .
Stocks and bonds (schedule A),
Ledger Assets.
$16,901 35
$11,673 89
1,862 06
10 00
$13,545 95
45,422 80
$58,968 75
$8,791 72
1,284 71
2,086 00
36 00
111 80
44 58
2,500 00
374 88
$15,229 69
$43,739 06
$22,975 00
8,715 27
8 BARNSTABLE COUNTY MUTUAL FIRE INSURANCE GO.
Cash in banks and office, .....
Agents' balances, . . . . .
Total ledger assets, .....
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $235.44; bonds, $45,
Furniture, stationery and other supplies,
Gross assets, . . . . .
Assets not admitted.
Furniture, fixtures, safes, stationery and all other
supplies, ........
Agents' balances over three months due, .
Book value of stocks and bonds over market value, .
Total unadmitted assets, ....
Total admitted assets, .■-...
Liabilities.
Unpaid losses, .......
Unearned premiums on outstanding risks,
•
$10,267 03
1,781 76
•
$43,739 06
•
280 44
25 00
•
$44,044 50
$25 00
477 87
745 27
1,248 14
•
$42,796 36
•
$1,939 00
19,636 98
All liabilities, except surplus, ...... $21,575 98
Surplus, 21,220 38
Total liabilities $42,796 36
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outs'ding Dec. 31, 1905, $3,404,634 00 $32,406 66 $64,813 32
Risks written during 1906, . 1,695,338 00 13,432 86 26,865 72
Total, .... $5,099,972 00 $45,839 52 $91,679 04
Risks expired and terminated, 957,208 00 8,243 65 16,487 30
In force at end of year, . . $4,142,764 00 $37,595 87 $75,191 74
Miscellaneous.
Losses incurred during year, ....... $10,708 00
Schedule A. Stocks and Bonds owned by the Company.
Book Value. Rate. Market Value-
10 shares Hereford R.R. Co.,
Attleborough, Mass., 4s, 1926, .
Pawtucket, R. I., 4s, 1923,
Attleborough Steam & Electric Co. 5s
Vaughn Machine Co. 5s. 1920, .
1919,
$1,000 00 97 $970 00
3,416 26 103 3,090 00
2,229 40 101£ 2,030 00
1,048 30 108 1,080 00
1,021 31 80 800 00
5,715 27 $7,970 00
BARNSTABLE COUNTY MUTUAL FIRE INSURANCE COMPANY,
YARMOUTHPORT.
Incorporated March 2, 1833. Commenced business Aug. 1, 1833.
ALPHONSO L. WEEKES, President. JOHN H. CLARK, Secretary.
Amount of permanent fund, ....... $57,365 80
BARNSTABLE COUNTY 3IUTUAL FIRE INSURANCE CO.
Income.
Net premiums, $40,002.54; extra premiums, $1,176.99, .
Interest on mortgage loans, $56 . 85 ; stocks and bonds, $3,838 . 28
all other, $600, .
Note charged off, ........
From all other sources, .......
Total income, .......
Ledger assets, Dec. 31, 1905, .....
Total,
Disbursements,
Net amount paid for losses, .....
Profits on terminated policies, ....
Salaries, fees, etc., of officers and employees,
Real estate taxes, $18.75; other taxes and fees, $368.46,
Reduction book value of ledger assets,
Premium on securities purchased, ....
All other disbursements, . . . . .
Total disbursements, .....
Balance, .......
Ledger Assets.
Real estate, $1,000; mortgages, $700,
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Bills receivable, not matured,
Town of Yarmouth notes,
Deposited in savings banks, .
Total ledger assets, ......
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $10.50; bonds, $795.25; other assets, $1,267.58,
Market value of stocks and bonds over book value, .
Gross assets, ........
Assets not admitted.
Agents' balances over three months due,
Total admitted assets, ......
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, .......
$41,179
53
! 4,495
13
96
00
18 31
$45,788 97
100,313
89
. $146,102 86
$10,691 21
21,144
34
6,356
53
387
21
100
00
663
20
762
62
$40,105
11
. $105,997 75
$1,700 00
84,400
00
2,245
40
82
35
70
00
12,500
00
5,000
00
. $105,997
75
2,073
33
15,219
00
. $123,290 08
82
35
. $123,207 73
$1,175 00
67,668
39
703
78
104
18
$69,651 35
53,556 38
$123,207 73
10
BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO.
Risks outs'ding Dec. 31, 1905,
Risks written during 1906,
Total, .
Risks expired and terminated,
In force at end of year, .
Risks and Premiums.
Amount.
$7,559,642 00
2,217,738 00
$9,777,380 00
2,192,025 00
Cash Prem's.
$131,213 31
40,002 54
Conting't Prem's.
$131,213 31
40,002 54
$171,215 85 $171,215 85
39,624 48 39,624 48
$7,585,355 00 $131,591 37 $131,591 37
Miscellaneous.
Losses incurred during the year, .....
Profits or surplus returned during 1906, 50 and 60 per cent.
$11,866 00
Book Value.
Rate.
Market Value.
$1,500
00
190*
$2,857 50
6,300
00
198
12,474 00
600
00
92|
927 50
3,000
00
180*
5,407 50
600
00
94
752 00
2,000
00
218
2,180 00
2,100
00
184
1,932 00
1,000
00
100
1,000 00
700
00
298
2,086 00
1,000
00
120
1,200 00
1,500
00
125
1,875 00
500
00
164
820 00
600
00
275
1,650 00
1,500
00
149
2,235 00
1,000 00
1,000 00
15
100*
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
15 shares New York, New Haven & Hartford,
63 " Old Colony,
10 " Southern Pacific, common, .
30 " Union Pacific, common,
8 " Union Pacific, preferred,
20 " West End Street, preferred,
21 " West End Street, common,
Bank Stocks.
10 shares Falmouth National, .
7 " First National, Boston,
10 " First National, Hyannis,
15 " First National, Yarmouth, .
5 " National Bank of Republic, Boston,
6 " National Shawmut, Boston,
15 " State National, Boston,
Miscellaneous Stocks.
50 shares Massachusetts Real Estate Co.,
State Bonds.
Massachusetts 3*s, 1935, ....
Railroad Bonds.
Atch., Top. & Santa Fe general mortgage 4s, 1995,
Boston & Maine 4s, 1942,
Chicago, Burlington & Quincy 3*s, 1949,
Chicago & Eastern Illinois 6s, 1934, .
Chicago & Eastern Illinois 6s, 1907, .
Chicago & Eastern Illinois equipment 4*s, 1912,
Chicago & Eastern Illinois equipment 4*s, 1913,
Fitchburg 4s, 1915,
Illinois Central 4s, 1950, .
Lake Shore & Michigan Southern 4s, 1928, .
Lynn & Boston 5s, 1924, ....
N. Y. Cent. & Hudson R. (Mich. Cent.) 3*s, 1998
New York, New Haven & Hartford 4s, 1954,
New York, New Haven & Hartford 3*s, 1956,
Oregon Short Line 5s, 1946,
Terminal Association, St. Louis, 4*s, 1939,
United Traction & Electric Co. 5s, 1933,
West End Street 4s, 1917,
Miscellaneous Bonds.
American Telephone & Telegraph Co. 4s, 1929,
Illinois Steel Co. 5s, 1910,
Western Telephone & Telegraph Co. 5s, 1932,
750 00
1,008 75
>, 1,000
00
100
1,000 00
12,000
00
103f
12,450 00
1,000
00
92
920 00
1,000
00
131
1,310 00
1,500
00
100
1,500 00
1,000
00
97f
977 50
2,000
00
97*
1,950 00
4,000
00
lOOf
4,030 00
2,000
00
108i
2,165 00
5,000
00
98
4,900 00
1,000
00
109f
1,093 75
, 1,000
00
85*
855 00
10,000
00
101*
10,125 00
1,500
00
112
1,680 00
500
00
114*
572 50
3,000
00
109
3,270 00
1,000
00
108*
1,085 00
2,000
00
101
2,020 00
4,000
00
90
3,600 00
1,000
00
100
1,000 00
4,000
00
99
3,960 00
$84,400
00
$99,619 00
BERKSHIRE MUTUAL FIRE INSURANCE CO. 11
BERKSHIRE MUTUAL FIRE INSURANCE COMPANY, PITTSFIELD.
Incorporated March, 1835. Commenced business August, 1835.
HENRY R. PEIRSON, President. JOHN M. STEVENSON, Secretary.
Amount of permanent fund, ....... $60,000 00
Income.
Net premiums, $56,771.65; extra premiums, $483.04, . . $57,254 69
Interest on mortgage loans, $550 ; stocks and bonds, $5,796 . 90, . 6,346 90
Rents, 107 00
Profit on sale of bonds, ........ 38 75
Total income, $63,747 34
Ledger assets, Dec. 31, 1905, 130,670 73
Total, $194,418 07
Disbursements.
Net amount paid for losses, . . . . . . $23,507 65
Profits on terminated policies, ...... 19,716 32
Commissions or brokerage, ....... 7,932 58
Salaries, fees, etc., of officers and employees, .... 5,249 00
Kents, . 450 00
Real estate taxes, $20.48; other taxes and fees, $753.33, . . 773 81
All other disbursements, ....... 2,993 74
Total disbursements, $60,623 10
Balance, $133,794 97
Ledger Assets.
Mortgages, $11,000 00
Stocks and bonds (schedule A), . . . . . . 111,543 69
Cash in banks and office, ....... 2,939 73
Agents' balances, ......... 8,311 55
Total ledger assets, . $133,794 97
Non-Ledger Assets.
Interest accrued on bonds, ....... 381 65
Market value of stocks and bonds over book value, . . . 35,490 81
Gross assets, $169,667 43
Liabilities.
Unpaid losses, $2,781 86
Unearned premiums on outstanding risks, . $88,234 40
Plus same on disallowed reinsurance, . . 129 22
88,363 62
Dividends due policy holders, . . . . . . 2,945 83
Salaries and other miscellaneous expenses, due or accrued, . 608 54
All liabilities, except surplus, $94,699 85
Surplus, 74,967 58
Total liabilities, $169,667 43
12
BOSTON MANUFACTURERS MUTUAL FIRE INSURANCE CO.
Risks and Premiums.
Amount.
Risks outs'ding Dec. 31, 1905, $11,921,843 00
Risks written during 1906, . 4,431,796 00
Cash Prem's.
$173,214 51
65,607 62
Conting't Prem's.
$173,214 51
65,607 62
Total, .... $16,353,639 00 $238,822 13 $238,822 13
Risks expired and terminated, 3,907,427 00 57,227 63 57,227 63
In force at end of year, .
Amount reinsured,
Net amount in force,
$12,446,212 00
923,239 00
$181,594 50 $181,594 50
12,926 78
$11,522,973 00 $168,667 72
Miscellaneous.
Losses incurred during the year, . .
Profits or surplus returned during 1906, 20, 40 and 60 per cent.
$13,500 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
10 shares Baltimore & Ohio, preferred,
100 " Boston & Albany, .
40 " Chicago, St. Paul, Minn. & Omaha,
76 " New York Central & Hudson River,
Bank Stocks.
16 shares Adams National, No. Adams,
10 '" Agricultural National, Pittsfield,
10 " First National, Adams,
4 " Lee National, . .
10 " Lenox National,
58 " Pittsfield National, .
12 " Third National, Pittsfield,
Miscellaneous Stock.
100 shares Adams Express Co., New York,
Railroad Bonds.
Baltimore & Ohio prior lien 3^s, 1925,
Chicago, Burlington & Quincy 3^-s, 1949,
Chicago & Northwestern 5s, 1929,
Chicago & Western Indiana 6s, 1932,
Greenfield & Turners Falls 5s, 1916, .
St. Paul & Sioux City 6s, 1919,
Third Avenue, N. Y., 4s, 2000, .
United Traction & Elec. Co., Pro v., R. L, 5s, 1933,
Miscellaneous Bonds.
Adams Express Co. 4s, 1948, .
American Telephone & Telegraph Co, 4s, 1929,
Proprietors of Pittsfield Cemetery 5s, 1911,
Western Union Telegraph Co. 4^s, 1950,
Book Value.
$913 78
15,305 20
5,226 87
11,726 11
2,360
2,000
1,337
704
1,020
10,145 50
1,500 00
00
00
50
00
00
6,061 25
1,950 00
1,000 00
4,496 25
5,378 15
5,370 00
1,270 00
4,862 50
4,570 00
5,000 00
10,090 33
4,000 00
5,256 25
Lll,543 69
Rate.
92i
239^
175
131
115
250
110
165
165
162
225
296
92±
92
106
112
102
119
88
108*
101$
90
100
99*
Market Value.
$922 50
23,950 00
7,000 00
9,956 00
1,840
2,500
1,100
660
1,650
9,396
00
00
00
00
00
00
2,700 00
29,600 00
1,845
920
4,240
5,600
5,100
1.190
4,400 00
4,340 00
00
00
00
00
00
00
10,150 00
9,000 00
4,000 00
4,975 00
$147,034 50
BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE COMPANY,
BOSTON.
Incorporated March 15, 1850. Commenced business Oct. 15, 1850.
JOSEPH P. GRAY, Vice-President. FRANCIS E. ROBINSON, Secretary.
Office, 81 Milk Street.
Income.
Net premiums, $1,787,147 35
Interest on bonds, 62,249 19
Total income,
,849,396 54
BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE CO.
13
Ledger assets, Dec. 31, 1905, ....
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,
Inspections, etc., ....
All other disbursements,
Total disbursements,
Balance, ....
Ledger Assets.
Bonds (schedule A),
Cash in banks and office, ....
Premiums in course of collection, .
Total ledger assets, ....
Non-Ledger Assets.
Interest due and accrued on bonds,
Market value of bonds over book value, .
Gross assets, ......
Liabilities.
Unpaid losses, ......
Unearned premiums on outstanding risks,
Accrued taxes, ......
All liabilities, except surplus, .
Surplus, .......
$1,528,366 74
$3,377,763 28
$84,608 68
1,497,104 29
39,901 58
3,385 28
16,914 14
673 12
29,000 76
13,220 33
$1,684,808 18
$1,692,955 10
$1,615,726 25
71,942 00
5,286 85
$1,692,955 10
20,086 67
17,272 50
$1,730,314 27
$1,832 00
884,465 63
6,869 23
$893,166 86
837,147 41
Total liabilities, $1,730,314 27
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outs'ding Dec. 31, 1905, $214,820,605 00 $1,645,333 55 $8,226,667 75
Risks written during 1906, . 253,473,067 00 1,862,577 18 9,312,885 90
Total, .... $468,293,672 00 $3,507,910 73 $17,539,553 65
Risks expired and terminated, 234,558,962 00 1,738,979 47 8,694,897 35
In force at end of year, . . $233,734,710 00 $1,768,931 26 $8,844,656 30
Miscellaneous.
Losses incurred during the year, ...... $73,575 00
Profits or surplus returned during 1906, 90.01 per cent.
Schedule A. Bonds owned by the Company.
State and Municipal Bonds. Book Value. Rate. Market Value.
Brookline, Mass., notes, 4s, 1907-21, .
Brookline, Mass., notes, 3^s, 1907-21,
Massachusetts 3-§-s, 1935, ....
Massachusetts 3^s, 1938, ....
"Massachusetts 3s, 1939, ....
$15,000 00
101!-
$15,281 25
55,500 00
98f
54,806 25
165,000 00
100|
166,443 75
35,000 00
101
35,350 00
50,000 00
91f
45,687 50
14
BRISTOL COUNTY MUTUAL FIRE INSURANCE CO.
Massachusetts 3s, 1927, ....
Massachusetts 3s, 1941, ....
Railroad Bonds.
Boston & Albany 4s, 1913,
Boston, Clinton, Fitchburg & New Bed. 5s, 1910
Boston & Lowell 4s, 1916,
Boston & Maine 4*s, 1944,
Chicago, Rock Island & Pacific 4s, 1988,
Chic, Rock Isl. & Pacific (coll. trust) 4*s, 1908,
Dutchess County 4*s, 1940,
Illinois Central 4s, 1952, ....
Interborough Rapid Transit Co. 4s, 1908, .
Long Island refunding mortgage 4s, 1949, .
New York Central & Hudson River 4s, 1934,
N. Y. Cent. & Hud. River (Lake Shore) 3*s, 1998
New York, New Haven & Hartford 3*s, 1947,
New York, New Haven & Hartford 4s, 1914,
North Pac.-Great North. (C. B. & Q.) 4s, 1921,
Old Colony 4s, 1924, . . . .
Old Colony 4s, 1938, ....
Pennsylvania Co. 4*s, 1921,
Pennsylvania Co. trust certificates 3*s, 1916,
Pennsylvania convertible 3*s, 1915, .
Philadelphia, Wilmington & Baltimore 5s, 1910,
Rome, Watertown & Ogdensburgh 5s, 1922,
Southern (collateral trust) 5s, 1909, .
Terminal Association of St. Louis 4s, 1953,
United New Jersey R.R. & Canal Co. 4s, 1944,
West End Street 4*s, 1914,
West Shore 4s, 2361,
Miscellaneous Bonds.
American Telephone & Telegraph Co. 4s, 1929,
Amer. Telegraph & Telephone Co. notes, 5s, 1907,
Book Vhlue.
Rate.
Market Value^
$35,000
00
93*
$32,725 00
14,962
50
91
13,650 00
50,000
00
101
50,500 00
>, 50,000
00
102f
51,375 00
25,000
00
101
25,250 00
50,000
00
112
56,000 00
20,000
00
99f
19,950 00
39,237
50
99*
39,800 00
42,000
00
104
43,680 00
30,000
00
102
30,600 00
49,468
75
97*
48,750 00
49,500
00
99
49,500 00
78,500
00
97f
78,100 00
, 72,600
00
86i
69,000 00
20,000
00
91
18,200 00
30,000
00
100
30,000 00
28,593
75
96|
29,062 50
50,000
00
102*
51,250 00
50,000
00
103|
51,812 50
29,781
25
105*
31,650 00
49,057
50
95*
47,750 00
46,675
00
93
46,500 00
40,000
00
103£
41,300 00
50,000
00
114
57,000 00
50,000
00
100
50,000 00
49,000
00
95
47,500 00
50,000
00
108
54,000 00
50,000
00
103f
51,875 00
46,000
00
103*
51,750 00
29,850
00
90
27,000 00
20,000
00
99*
19,900 00
$1,615,726
25
11,632,998 75
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, $1,682.77; extra premiums, $14.75,
Interest, ......
From all other sources, ....
Total income, ....
Ledger assets, Dec. 31, 1905, .
Total,
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, .....
$1,697 52
60 00
5 75
$1,763 27
2,435 86
$4,199 13
$256 34
97 74
735 00
18 10
157 18
$1,264 36
5,934 77
CAMBRIDGE MUTUAL FIRE INSURANCE CO.
15
Ledger Assets.
Cash in banks and office,
Deposited in savings banks,
Agents' balances, .
Uncollected office premiums,
Total ledger assets,
Risks and Premiums.
Risks outstanding Dec. 31, 1905,
Risks written during 1906,
Total, .
Risks expired and terminated,
In force at end of year,
Miscellaneous
11,370 27
1,500 00
44 50
20 00
Losses incurred during the year,
5,934 77
Amount. Conting't Prem's.
,543,755 00 $102,871 00
263,130 00 17,691 00
.,806,885 00 $120,562 00
402,880 00 27,339 00
,404,005 00 $93,223 00
$256 00
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, $79,746.34; extra premiums, $586.67, . . $80,333 01
Interest on mortgage loans, $1,079.01 ; stocks and bonds, $2,001 ;
all other, $83.82, . . . . . . . 3,163 83
Rents, including company's own occupancy, .... 8,532 03
Reinsurance, dividends and return premiums, .... 1,886 71
Total income, . $93,915 58
Ledger assets, Dec. 31, 1905, 178,716 91
Total, $272,632 49
Disbursements.
Net amount paid for losses, $38,681 63
Profits on terminated policies, ...... 33,422 95
Commissions or brokerage, ....... 12,765 26
Salaries, fees, etc., of officers and employees, .... 8,396 41
Rents, including company's own occupancy, .... 1,200 00
Repairs and expenses on real estate, ..... 2,610 21
Real estate taxes, $1,643.59; other taxes and fees, $1,280.58, . 2,924 17
Loss on sale or maturity of bonds, . ... . . . 431 25
Profit and loss, . . . 105 92
All other disbursements, ....... 3,525 05
Total disbursements, . . . . . . $104,062 85
Balance, $168,569 64
16
CAMBRIDGE MUTUAL FIRE INSURANCE CO.
Ledger Assets.
Real estate, $56,087.52; mortgages, $53,421, .... $109,50852
Stocks and bonds (schedule A), 38,600 00
Cash in banks and office, . . . . . . . 5,519 34
Agents' balances, 14,941 78
Total ledger assets, $168,569 64
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $384.04; bonds, $506.65, .... 89069
Rents accrued on company's property, ..... 463 98
Market value of stocks and bonds over book value, . . v 916 25
Gross assets, . . . ... . . . , $170,840 56
Assets not admitted.
Agents' balances over three months due, ..... 485 70
Total admitted assets, . $170,354 86
Liabilities.
Unpaid losses, $3,203; less reinsurance, $1,701.39, . . . $1,50161
Unearned premiums on outstanding risks, .... 122,260 49
Dividends due policy holders, ...... 7,480 96
Salaries and other miscellaneous expenses, due or accrued, . 923 41
Due for return premiums, $465,60; reinsurance, $2,822.33, . 3,287 93
All liabilities, except surplus, ...... $135,454 40
Surplus, . . . • 34,900 46
Total liabilities, ' . ... $170,354 86
Risks and Premiums.
Amount.
Risks outs'ding Dec. 31, 1905, $20,762,483 00
Risks written during 1906,
Total, .
Risks expired and terminated,
In force at end of year, .
Amount reinsured, . ■.
Net amount in force,
6,442,795 00
$27,205,278 00
7,739,654 00
$19,465,624 00
2,090,413 00
Cash Prem's. Conting't Prem's.
$318,096 94 $318,096 94
99,652 86 99,652 86
$417,749 80 $417,749 80
128,236 21 128,236 21
$289,513 59 $289,513 59
26,652 46
$262,861 13
$36,995 00
. $17,375,211 00
Miscellaneous.
Losses incurred during the year, .....
Profits or surplus returned during 1906, 20, 30 and 40 per cent.
Schedule A. Stocks and Bonds owned by the Company.
Bank Stocks. Book Value. Rate. Market Value.
1 share Framingham National, . . . $100 00 130 $130 00
15 shares National City, Cambridge, . . . 1,500 00 125 1,875 00
Municipal Bonds.
Cambridge, Mass., 4s, 1914, .... 3,000 00 101i 3,037 50
Railroad Bonds.
Boston & Lowell 4s, 1932, .... 4,000 00 103i 4,130 00
Fitchburg 4s, 1927, 4,000 00 101£ 4,060 00
citizens' MUTUAL INSURANCE CO.
17
Fitchburg 4s, 1927,
Fitchburg 4s, 1928, ....
New York, New Haven & Hartford 4s, 1947,
West End Street 4s, 1915,
West End Street 4s, 1916,
Book Value.
Rate.
Market Value.
$1,000
00
ioh
$1,015
00
5,000
00
101|
5,075
00
10,000
00
101
10,100
00
5,000
00
100|
5,043
75
5,000
00
101
5,050
00
$38,600
00
$39,516
25
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, ....... $174,441 91
Income.
Net premiums, $86,466.99; extra premiums, $713.92, .' . $87,180 91
Interest on mortgage loans, $9,373 . 50 ; collaterals, $60 ; stocks
and bonds, $4,586.68; all other, $175.88, .... 14,19606
Rents, . . . 689 50
Profit on sale or maturity of ledger assets, .... 1,424 25
Profit and loss, 257 14
Total income, .....
Ledger assets, Dec. 31, 1905, ....
Total,
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, $773.28; other taxes and fees, $1,222.84,
Reduction in book value of bonds, .
Profit and loss, ......
All other disbursements,
Total disbursements, ....
Balance, ......
Ledger Assets.
Real estate, $17,500; mortgages, $171,525,
Loans secured by collateral (10 shares Natick National Bank),
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, . ... .
Total ledger assets, .......
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $1,960.51; bonds, $1,747.38; collateral loans,
22; other assets, $55.19,
$103,747 86
325,239 84
$428,987 70
$18,519 66
40,185 50
13,290 26
8,172 76
2,059 08
240 40
1,996 12
3,007 50
8 71
3,696 36
,176 35
$337,811 35
$189,025 00
1,200 00
136,549 25
6,163 56
4,873 54
$337,811 35
3,781 30
18
CITIZENS MUTUAL INSURANCE CO.
Rents due on company's property, .
Market value of real estate over book value,
Gross assets, ......
Assets not admitted.
Book value of stocks and bonds over market value,
$54 00
1,800 00
$343,446 65
163 75
Liabilities.
Total admitted assets,
Unpaid losses, $430.11; less reinsurance, $59.38,
Unearned premiums on outstanding risks,
Dividends due policy holders,
Due for return premiums, . ...
All other liabilities, .....
All liabilities, except surplus, .
Surplus, .......
Total liabilities, .....
Risks and Premiums.
Amount.
Risks outst'ding Dec. 31, 1905, $28,653,743 00
Risks written during 1906,
Total, .
Risks expired and terminated
In force at end of year, .
Amount reinsured,
Net amount in force,
7,142,189 00
$35,795,932 00
6,409,053 00
$29,386,879 00
1,389,566 00
Cash Prem's.
$390,353 74
99,674 32
$343,282 90
$370 73
186,579 73
1,487 58
508 59
990 00
$189,936 63
153,346 27
$343,282 90
Conting't Prem's.
$390,353 74
99,674 32
$490,028 06 $490,028 06
87,402 56 87,402 56
$402,625 50 $402,625 50
20,426 86
$27,997,313 00 $382,198 64
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1906, 20, 40 and 60 per cent.
$18,440 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
35 shares Massachusetts Electric, preferred,
Bank Stocks.
10 shares State National, Boston,
Miscellaneous Stocks.
25 shares American Telegraph & Telephone Co.,
24 " Massachusetts Gas Co., preferred,
Government Bonds.
Imperial Japanese (1st series) 6s, 1911,
Municipal Bonds.
Cambridge, Mass., 3^s, 1922,
New Bedford, Mass., 4s, 1915, .
Railroad Bonds.
Boston & Lowell 4s, 1909,
Chic, Burlington & Quincy (111. Div.) 3£s, 1949,
Chicago, Burlington & Quincy 4s, 1921,
C. & Northw. (Sioux City & Pac. Div.) 3£s, 1936
Chicago & Northwestern 5s, 1933,
Chicago, Rock Island & Pacific 4s, 1934,
Cin., Hamilton & Dayton (coll. trust )4^s, 1908,
Flint & Pere Marquette 6s, 1920,
Flint & Pere Marquette (Pt. Huron Div.) 5s, 1939,
Book Value.
$2,983 75
1,400 00
3,167 50
1,998 00
5,000 00
3,000 00
5,000 00
1,000 00
10,000 00
1,000 00
1,000 00
2,000 00
2,000 00
2,000 00
1,000 00
5,000 00
Rate.
67
149
133^
85
95i
97f
lOlf
100
91f
96£
92i
1121
90
79
113*
108
Market Value.
$2,345 00
1,490 00
3,337 50
2,040 00
4,775 00
2,932 50
5,087 50
1,000 00
9,175 00
968 75
922 50
2,250 00
1,800 00
1,580
1,135
00
00
5,400 00
COTTON AND WOOLEN
Interborough Rapid Transit notes, 4s, 1908,
Kansas City, Fort Scott & Memphis 6s, 1928,
Lake Shore & Michigan Southern 4s, 1928,
New York Central 3£s, 1997, .
New York Central 4s, 1934,
N. Y., N. H. & Hartford debentures, 4s, 1947,
N. Y., N. H. & Hartford convertible 3£s. 1956,
Pennsylvania Co. (coll. note) 4^s, 1907,
Pennsylvania Car trust 3-|-s, 1907,
Pennsylvania Steel equipment trust 3^-s, 1907,
Pere Marquette equipment trust 4-Js, 1913,
Southern (coll. trust) 5s, 1909, .
Terminal Association of St. Louis 4^-s, 1939,
West End Street 4^s, 1914,
West End Street 4s, 1932,
Miscellaneous Bonds.
American Bell Telephone Co. 4s, 1908,
Amer. Telegraph & Telephone Co. note, 5s
General Electric Co. 3^s, 1942,
Illinois Steel Co. 5s, 1910,
Illinois Steel Co. 5s, 1913,
Maiden Electric Co. 5s, 1910,
Michigan State Tel. Co. 6s, 1909
Westinghouse Electric & Mfg. Co. 5s, 1931
1907
3TURERS INSURANCE
co. iy
Book Value.
Rate.
Market Value.
$5,000 00
97£
$4,875 00
5,000 00
120
6,000 00
3,000 00
98
2,940 00
2,000 00
93i
1,865 00
5,000 00
97f
4,881 25
6,000 00
101
6,060 00
-
112
336 00
5,000 00
100
5,000 00
2,000 00
99i
1,985 00
5,000 00
98£
4,925 00
3,000 00
97i
2,925 00
7,000 00
100
7,000 00
1,000 00
109
1,090 00
5,000 00
103f
5,187 50
2,000 00
102
2,040 00
10,000 00
98^
9,850 00
J, 1,000 00
99^
995 00
2,000 00
89
1,780 00
5,000 00
100
5,000 00
3,000 00
100
3,000 00
5,000 00
100
5,000 00
2,000 00
99i
1,990 00
5,000 00
95
4,750 00
$136,549 25
$136,385 50
COTTON AND WOOLEN MANUFACTURERS' MUTUAL INSURANCE
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, ......... 1494,063 19
Interest on bonds, 13,973 50
Total income, . . .-
Ledger assets, Dec. 31, 1905, .
Total,
Disbursements
Net amount paid for losses,
Profits on terminated policies,
Salaries, fees, etc., of officers and employees,
Taxes aud fees, .....
Reduction in book value of bonds, .
Inspections, ......
All other disbursements,
Total disbursements,
Balance, .....
Ledger Assets
Bonds (schedule A),
Cash in banks and office,
Premiums in course of collection,
Total ledger assets,
$508,036 69
354,637 10
$862,673 79
$37,935 37
394,460 26
13,325 61
5,870 70
2,811 25
10,963 86
17,743 11
$483,110 16
$379,563 63
$344,000 00
23,700 32
11,863 31
$379,563 63
20
COTTON AND WOOLEN MANUFACTURERS' INSURANCE CO.
Non-Ledger Assets.
Interest due and accrued on bonds, ......
Market value of bonds over book value, .....
Gross assets, . . . .. . . . •
Liabilities.
Unpaid losses, . . . . . . .
Unearned premiums on outstanding risks, ....
Taxes, due or accrued, ........
All liabilities, except surplus, ......
Surplus, ..........
Total liabilities, . . ...
Risks and Premiums.
Amount. Cash Prem's.
Risks outs'ding Dec. 31, 1905, $50,590,624 00 $482,679 08
Risks written during 1906, . 58,698,388 00 526,710 44
&5,167 05
2,272 50
$387,003 18
$22,016 08
255,717 34
1,546 60
$279,280 02
107,723 16
$387,003 18
Conting't Prem's.
$2,413,395 40
2,633,552 20
Total, .... $109,289,012 00 $1,009,389 52 $5,046,947 60
Risks expired and terminated, 54,883,330 00 497,954 84 2,489,774 20
In force at end of year,
$54,405,682 00 $511,434 68 $2,557,173 40
Miscellaneous.
Losses incurred during the year, ......
Profits or surplus returned during 1906, 85 per cent.
Schedule A. Bonds owned by the Company.
State and Municipal Bonds
Fall River, Mass., 3!s, 1915,
Massachusetts 3!s, 1933, .
Railroad Bonds,
Atchison, Topeka & Santa Fe 4s, 192f-
Bangor & Aroostook 5s, 1943,
Boston Elevated 4s, 1935,
Boston & Lowell 3!s, 1919,
Boston & New York Air Line 4s, 1955,
El Paso & Rock Island 5s, 1951
Fitchburg 4s, 1927, .
Lynn & Boston 5s, 1912,
Maine Central 5s, 1923,
Maine Central 4!s, 1916,
Maine Central 4s, 1912,
Michigan Central 3^s, 1952,
N. Y. Cent. & Hud. River (Lake Shore) 3|s, 1998,
New York, New Haven & Hartford 4s, 1955,
New York, New Haven & Hartford 4s, 1914,
Northern Maine Seaport 5s, 1935,
North. Pac.-Great North. (C, B. & Q. col.) 4s; '21,
Portland & Ogdensburg 5s, 1908,
Richmond-Washington 4s, 1943,
West End Street 4s, 1917,
West End Street 4£s, 1914,
West End Street 4s, 1915,
Miscellaneous Bonds,
American Bell Telephone Co. 4s, 1908,
American Telegraph & Telephone Co. 4s, 1929,
American Writing Paper Co. 5s, 1919,
N. E. Telephone & Telegraph Co. 4s, 1930, .
N. E. Telephone & Telegraph Co. 5s, 1919, .
Western Union Telegraph Co. 4£s, 1950,
Book Value.
$20,000 00
18,000 00
7,000 00
15,000 00
6,000 00
10,000 00
4,000 00
5,000 00
18,000 00
10,000 00
10,000 00
16,000 00
3,000 00
2,000
15,000
20,000
2,000
20,000 00
1,000 00
10,000 00
9,000 00
15,000 00
5,000 00
5,000 00
15,000 00
20,000 00
5,000 00
28,000 00
10,000 00
20,000 00
$344,000 00
00
00
00
00
Rate.
98!
lOOf
96
117
102
97|
102!
109
101!
103
111
103!
ioo!
93!
86!
ioi!
100
112
96!
ioo!
102!
101
103f
ioo!
98!
90
87
96
106!
99!
$58,933 00
Market Value.
$19,650 00
18,157 50
6,720 00
17,550 00
6,120 00
9,712 50
4,100 00
5,450 00
18,270 00
10,300 00
11,100 00
16,520 00
3,015 00
1,865 00
12,937 50
20,250 00
2,000 00
22,400 00
968 75
10,050 00
9,225 00
15,150 00
5,187 50
5,043 75
14,775 00
18,000 00
4,350 00
26,880 00
10,625 00
19,900 00
$346,272 50
DEDHAM MUTUAL FIRE INSURANCE CO. 21
DEDHAM MUTUAL FIRE INSURANCE COMPANY, DEDHAM.
Incorporated Feb. 22, 1837. Commenced business July 1, 1837.
JAMES Y. NOYES, President. THEODORE T. MARSH, Secretary.
Amount of permanent fund, ....... $89,765 77
Income.
Net premiums,
Interest on mortgage loans, $2,088.91;
199.07; allother, $77.38, .
Profit on sale or maturity of ledger assets
Increase in book value of securities,
Lombard Investment Company,
Total income, ....
Ledger assets, Dec. 31, 1905, .
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, ......
Reduction in book value of securities,
All other disbursements, ....
Total disbursements, ....
Balance, . .
Ledger Assets.
Mortgages, .......
Stocks and bonds (schedule A),
Cash in banks and office, ....
Agents' balances, .
Total ledger assets, ....
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $791 . 15 ; bonds, $1,310 . 98,
Market value of stocks and bonds over book value,
Gross assets, . . . .
Liabilities.
Unearned premiums on outstanding risks,
Dividends due policy holders,
Due for return premiums, ....
All liabilities, except surplus, . .
Surplus, .......
Total liabilities, .....
stocks and bonds,
$36,013 66
7,365 36
25 38
834 00
269 00
$44,507 40
168,698 74
$213,206 14
$8,929 49
14,494 42
5,457 73
4,279 22
270 00
372 50
3,682 50
1,206 12
$38,691 98
$174,514 16
$37,900 00
128,117 72
4,615 87
3,880 57
$174,514 16
2,102 13
402 28
$177,018 57
$59,938 57
2,577 20
. 257 07
$62,772 48
114,245 73
$177,018 57
22
DORCHESTER MUTUAL FIRE INSURANCE CO.
Risks outs 'ding Dec. 31, 1905
Risks written during 1906,
Total, .
Risks expired and terminated
In force at end of year, .
Risks and Premiums.
Amount.
$7,474,575 00
2,345,129 00
$9,819,704 00
2,038,655 00
Cash Prem's. Conting't Prem's.
114,517 57 $114,517 57
37,683 77 37,683 77
$152,201 34 $152,201 34
32,654 74 32,654 74
$7,781,049 00 $119,546 60 $119,546 60
Book Value.
Rate.
Market Value.
$5,150 00
7,722 00
4,650 00
104*
99
94
$5,225 00
7,722 00
4,700 00
Miscellaneous.
Losses incurred during the year, . . . . . . $8,941 00
Profits or surplus returned during 1906, 25, 50 and 70 per cent.
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
50 shares Atchison, Topeka & Santa Fe, common,
78 " Atchison, Topeka & Santa Fe, preferred, .
50 " Union Pacific, preferred,
Bank Stocks.
12 shares Dedham National, .... 1,320 00 109 1,308 00
Miscellaneous Stocks.
39 shares Dedham Water Co., .... 4,36800 110 4,29000
Municipal Bonds.
Boston, Mass., 4s, 1921, ....
Lynn, Mass., 4s, 1919, ....
Salem, Mass., 4s, 1914, .....
Railroad Bonds.
Atchison, Topeka & Santa Fe gen. mtge. 4s, 1995,
Atchison, Topeka & Santa ¥6 adjustment 4s, 1995,
Boston & Albany 3*s, 1952,
Boston & Lowell 4s, 1932,
Boston & Maine 4s, 1926,
Boston & Maine 4s, 1937,
Boston & Maine 4*s, 1944,
Chicago, Burlington & Quincy 4s, 1919,
Chicago, Burlington & Quincy (111. Div.) 4s, 1949
Fitchburg 4s, 1915,
Newport & Richford 5s, 1911, .
New York, New Haven & Hartford 4s, 1914,
New York, New Haven & Hartford 4s, 1947,
New York, New Haven & Hartford 3*s, 1954,
Old Colony 3*s, 1932, ....
Philadelphia & Reading 7s, 19.11,
St. Johnsbury & Lake Champlain 5s, 1944,
Union Pacific 4s, 1947, ....
West End Street 4s, 1916,
2,050
00
102f
2,055 00
3,060
00
102|
3,071 25
3,045
00
101*
3,045 00
8,000
00
100
8,000 00
3,680
00
91|
3,670 00
5,700
00
95f
5,745 00
11,110
00
103*
11,357 50
1,022
72
102*
1,027 50
4,070
00
103*
4,140 00
6,750
00
112
6,720 00
2,010
00
100
2,000 00
, 7,087
50
102*
7,148 75
5,025
00
lOOf
5,037 50
8,240
00
103*
8,290 00
4,000
00
100
4,000 00
5,075
00
101
5,050 00
1,800
00
90*
1,810 00
4,800
00
95
4,750 00
5,550
00
112*
5,612 50
7,260
00
119*
7,155 00
3,552
50
102
3,570 00
2,020
00
101
2,020 00
$128,117
72
$128,520 00
DORCHESTER MUTUAL FIRE INSURANCE COMPANY, BOSTON.
Incorporated February, 1855. Commenced business July, 1855.
THOMAS F. TEMPLE, President. Wm. D. C. CURTIS, Secretary.
Office, Neponset.
$200,000 00
Income.
Net premiums, $198,664.52; extra premiums, $1,419.55, . . $200,084 07
" onds,
16,670 77
Amount of permanent fund, .
Net premiums, $198,664.52; e:
Interest on mortgage loans, $1,960.09; stocks and bonds,
$14,710.68,
DORCHESTER MUTUAL FIRE INSURANCE CO. 23
Rents, .... $541 00
Total income, $217,295 84
Ledger assets, Dec. 31, 1905, 354,170 17
Total, $571,466 01
Disbursements.
Net amount paid for losses, ....... $93,724 82
Profits on terminated policies, ...... 81,082 54
Commissions or brokerage, ....... 30,916 08
Salaries, fees, etc., of officers and employees, .... 12,590 02
Real estate taxes, $299.35; other taxes and fees, $2,974.01, . 3,273 36
All other disbursements, . . . . . . 5,180 19
Total disbursements, $226,767 01
Balance, . $344,699 00
Ledger Assets.
Real estate, $28,500; mortgages, $38,200, .... $66,70000
Stocks and bonds (schedule A), 241,773 20
Cash in banks and office, ....... 18,762 25
Agents' balances, . . . . . . . . . 17,463 55
Total ledger assets, . . . . . . $344,699 00
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $1,298; bonds, $800; other assets, $694.75, . 2,792 75
Market value of stocks and bonds over book value, . . . 120,480 80
Personal property in hall, office and dwelling, .... 2,000 00
Gross assets, $469,972 55
Assets not admitted.
Personal property in hall, office and dwelling, .... 2,000 00
Total admitted assets, .... . . $467,972 55
Liabilities.
Unpaid losses, . . . ' $16,000 00
Unearned premiums on outstanding risks, .... 332,663 63
Dividends due policy holders, ...... 5,250 00
All liabilities, except surplus, ...... $353,913 63
Surplus, 114,058 92
Total liabilities, $467,972 55
Risks and Premiums.
Amount. Cash Prem's. Conting*t Prem's.
Risks outs'ding Dec. 31, 1905, $40,716,675 00 $680,185 08 $680,185 08
Risks written during 1906, . 11,931,488 00 202,181 39 202,181 39
Total, .... $52,648,163 00 $882,366 47 $882,366 47
Risks expired and terminated, 12,565,919 00 209,476 67 209,476 67
In force at end of year, . . $40,082,244 00 $672,889 80 $672,889 80
24
FALL RIVER MANUFACTURERS MUTUAL INSURANCE CO.
Miscellaneous.
Losses incurred during the year, .....
Profits or surplus returned during 1906, 20, 40 and 60 per cent.
$102,525 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
304 shares Boston & Albany,
56 " Boston & Lowell, . .
75 " Boston & Maine,
273 " Old Colony, ....
Bank Stocks.
67 shares Blue Hill National, Milton,
315 " International Trust Co., Boston,
10 " Mt. Wollaston National, Quincy,
5 " National Granite, Quincy,
10 " New England National, Boston, .
29 " State National, Boston,
5 " Weymouth National (in liquidation),
Miscellaneous Stocks.
250 shares American Telephone & Telegraph Co.,
50 " American Woolen Co., preferred,
Railroad Bonds.
Chic. Burlington & Quincv (Neb. Ext.) 4s, 1927,
Nor. Pac.-Gt. Nor. Jt. (C. B. & Q. coll.) 4s, 1921,
Miscellaneous Bonds.
United Lead Co. 5s, 1943, ....
Book Value.
$39,758 59
7,378 57
10,856 07
37,430 02
7,642 50
59,688 06
1,400 00
650
1,402
4,125
150
00
50
00
00
33,692 50
3,500 00
17,559 09
16,540 30
$241,773 20
Rate.
239^
231
161
198
130
400
120
151
140
149
3
133i
101
102
96|
75
Market Value.
$72,808 00
12,936 00
12,075 00
54,054 00
8,710 00
126,000 00
1,200 00
755 00
1,400 00
4,321 00
15 00
34,042 50
5,050 00
10,200 00
9,687 50
9,000 00
$362,254 00
FALL RIVER MANUFACTURERS' 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,
Interest on bonds, $20,697.50; all other, $1,133.06,
Total income, .....
Ledger assets, Dec. 31, 1905, ....
Total,
Disbursements.
Net amount paid for losses, ....
Profits on terminated policies,
Salaries, fees, etc., of officers and employees,
Rents, .......
Taxes and fees, . . . .
Reduction in book value of bonds, .
Inspections, etc., . . .
All other disbursements, .
Total disbursements, ....
Balance, ......
$551,575 65
21,830 56
$573,406 21
539,849 54
$1,113,255 75
$31,963 77
476,609 61
11,581 89
876 00
5,237 67
450 00
8,737 44
1,524 04
$536,980 42
$576,275 33
FALL RIVER MANUFACTURERS' MUTUAL INSURANCE CO.
25
Ledger Assets.
Bonds (schedule A),
Cash in banks and office, ....
Premiums in course of collection,
Total ledger assets, ....
Non-Ledger Assets.
Interest accrued : —
On bonds, $7,433 . 33 ; other assets, $107 . 56, .
Market value of bonds over book value, .
Gross assets, ......
Liabilities.
Unpaid losses, ....
Unearned premiums on outstanding risks,
Taxes accrued, ....
All liabilities, except surplus, .
Surplus, .....
Total liabilities, . .
Risks and Premiums.
Amount.
Risks outs'ding Dec. 31, 1905, $64,721,535 00
Risks written during 1906, . 74,125,400 00
$532,405 67
37,780 75
6,088 91
$576,275 33
7,540 89
1,944 33
$585,760 55
$1,043 47
273,643 94
2,090 41
$276,777 82
308,982 73
$585,760 55
Cash Prem's. Conting't Prem's.
$512,137 52 $2,560,687 60
576,289 58 2,881,447 90
Total, . . . $138,846,935 00
Risks expired and terminated, 68,824,864 00
,088,427 10
541,139 23
55,442,135 50
2,705,696 15
In force at end of year,
$70,022,071 00 $547,287 87 $2,736,439 35
Miscellaneous.
Losses incurred during the year, ......
Profits or surplus returned during 1906, 92.3 per cent.
Schedule A. Bonds owned by the Company.
Municipal Bonds.
Boston, Mass., 4s, 1913, ....
Cleveland, O., 4s, 1923, ....
Newport, R. I., 4s, 1923, ....
Taunton, Mass., 4s, 1922, ....
Railroad Bonds.
Atchison, Topeka & Santa Fe, gen. mtge.4s, 1995,
Boston & Lowell 4s, 1907,
Boston & Lowell 4s, 1909,
Boston & Maine 4s, 1942,
Boston & Providence 4s, 1918,
Canada Southern 5s, 1908,
Chic, Burlington & Quincy (Neb. Ext.) 4s, 1927
Concord & Montreal 4s, 1920, .
Erie (Pennsylvania collateral) 4s^ 1951,
Lake Shore ~& Michigan Southern 4s, 1928,
Long Island guar, refunding 4s, 1949,
N. Y. Central & Hudson River 4s, 1934,
N. Pac.-Gt. Northern (C, B. & Q.) joint 4s, 1921
Old Colony 4s, 1938, ....
Philadelphia, Wilmington & Baltimore 4s, 1932,
Pittsburg, Bessemer & Lake Erie 5s, 1947,
Book Value.
$40,000 00
25,000 00
20,000 00
15,000 00
19,897 50
20,000 00
10,000 00
10,000 00
20,000 00
5,000 00
15,000 00
15,000 00
9,528 50
29,850 00
19,850 00
24,844 00
29,308 17
30,900 00
19,800 00
22,040 00
Rate.
lOOf
lOlf
104*
102$
100
100
100
103f
ioh
100
102
101£
89f
98
99
97|
96|
103|
102*
115
128,482 00
Market Value.
$40,300 00
25,437 50
20,850 00
15,431 25
20,000 00
20,000 00
10,000 00
10,375 00
20,300 00
5,000 00
15,300 00
15,187 50
8,975 00
29,400 00
19,800 00
24,406 25
29,062 50
31,087 50
20,500 00
23,000 00
26
FITCHBURG MUTUAL FIRE INSURANCE CO.
Union Pacific 4s, 1947, ....
West End Street 4£s, 1914,
West End Street 4s, 1915,
West End Street 4s, 1917,
Miscellaneous Bonds.
American Telephone & Telegraph Co. 4s, 1929,
American Telephone & Telegraph Co. 5s, 1907,
Book Value.
$20,675 00
36,175 00
20,600 00
14,906 25
19,031 25
20,000 00
$532,405 67
Rate.
102
103J
100|
101
90
99*
Market Value.
$20,400 00
36,312 50
20,175 00
15,150 00
18,000 00
19,900 00
$534,350 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, $111,096.15; extra premiums, $849.74, . . $111,945 89
Interest on mortgage loans, $1,218.47; collaterals, $715; stocks
and bonds, $3,975.68, 5,909 15
Rents, including company's own occupancy, . . . . 5,678 50
Profit on sale or maturity of ledger assets, .... 3,900 00
Dividends, return premiums and commissions on reinsurance, . 2,575 25
Total income, .......
Ledger assets, Dec. 31, 1905, . ...
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, $1,208.67; other taxes and fees, $2,063
Reduction in book value of real estate,
Borrowed money repaid, .....
All other disbursements, .....
Total disbursements, . . . - .
Balance,
55,
$130,008 79
201,424 39
$331,433 18
$41,040 71
33,914 46
17,463 04
8,016 50
1,200 00
3,616 33
3,272 22
1,000 00
4,000 00
8,552 72
$122,075 98
$209,357 20
Ledger Assets.
Real estate, $72,000; mortgages, $22,293.25,
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, $318.73; stocks and bonds, $332.50; collateral
loans, $186.05; other assets, $227.50,
,293 25
12,800 00
82,924 12
6,364 29
12,975 54
$209,357 20
1,064 78
FITCHBURG MUTUAL FIKE INSURANCE CO.
27
Rents due on company's property,
Market value of real estate over book value,
Market value of stocks and bonds over book value,
$323 00
1,000 00
8,650 26
Gross assets,
Liabilities.
Unpaid losses, $1,742.25; less reinsurance, $157.37, .
Unearned premiums on outstanding risks,
Interest due or accrued, ......
Dividends due policy holders, ....
Salaries and other miscellaneous expenses, due or accrued,
Borrowed money, .......
All liabilities, except surplus, .
Surplus, .... . .
Total liabilities, . ...
Risks and Premiums.
Amount.
Risks outs'ding Dec. 31, 1905, $20,487,125 00
$220,395 24
$1,584 88
148,377 64
108 85
4,898 17
874 89
16,450 00
$172,294 43
48,100 81
$220,395 24
Risks written during 1906,
Total, .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
8,146,171 00
$28,633,296 00
7,178,981 00
$21,454,315 00
713,085 00
Cash Prem's. Conting't Prem's.
$284,726 72 $284,726 72
119,976 12 119,976 12
$404,702 84 $404,702 84
106,658 03 106,658 03
$298,044 81 $298,044 81
11,077 97 11,077 97
$20,741,230 00 $286,966 84
Miscellaneous.
Losses incurred during the year, ......
Profits or surplus returned during 1906, 20, 40 and 50 per cent.
Schedule A. Securities held as Collateral.
Company's
Market Value.
. $6,000 00
6,000 00
7,500 00
1,600 00
$21,100 00
$286,966 84
$38,519 00
40 shares Simonds Manufacturing Co.,
40 " Simonds Manufacturing Co.,
50 " Grant Yarn Co.,
Fitchburg Savings Bank book, .
Loaned
Thereon.
$3,200 00
3,000 00
5,000 00
1,600 00
$12,800 00
Schedule B. Stocks and Bonds
Railroad Stocks.
10 shares Boston & Maine,
70 " Fitchburg, pref.,
50 " New York, New Haven & Hartford,
50 " Pennsylvania, ....
Bank Stocks.
10 shares Fitchburg National, .
20 " Fitchburg Safe Deposit & Trust, .
15 " Springfield Safe Deposit & Trust,
Miscellaneous Stocks.
50 shares American Telephone & Telegraph Co.,
25 " Lowell Gas Light Co.,
75 " The Pullman Co.,
Railroad Bonds.
Fitchburg 4s, 1907, .
Fitchburg & Leominster Street 5s, 1917,
OWNED BY THE COMPANY.
Book Value.
$2,000 00
7,930 00
7,340 50
3,440 62
1,000 00
3,000 00
1,500 00
6,533 50
5,476 00
10,956 00
5,012 50
5,000 00
Rate.
161
133
190i
138|
142
150
200
133£
250
182
100
107
Market Value.
$1,610 00
9,310 00
9,525 00
3,459 38
1,420 00
3,000 00
3,000 00
6,675 00
6,250 00
13,650 00
5,000 00
5,350 00
28 GROVEL AND MUTUAL FIRE INSURANCE CO.
Book Value. Rate. Market Value.
Northern Pacific 4s, 1997, .... $10,450 00 102 $10,200 00
Southern Pacific of New Mexico 6s, 1911, . . 3,247 50 105 3,150 00
Worcester Consolidated Street 5% note, . . 5,000 00 100 5,000 00
Miscellaneous Bonds.
American Telephone & Telegraph Co. 5s, 1907, . 5,037 50 99£ 4,975 00
,924 12 $91,574 38
GROVELAND MUTUAL FIRE INSURANCE COMPANY, GROVELAND.
Incorporated March 8, 1828. Commenced business March 28, 1828.
EDWARD HARRINGTON, President. LOUIS A. WOODBURY, Secretary.
[Note. — This company relies upon assessments on deposit notes to pay losses and expenses.]
Income.
Interest on bank deposit, ......
Policy fees, . . . . .
Assessments, . . • . . . .' .
Total income, ........
Ledger assets, Dec. 31, 1905, . . ...
Total,
Disbursements.
Net amount paid for losses, ......
Salaries, fees, etc., of officers and employees,
Rents, .........
Taxes and fees, ........
All other disbursements, ......
Total disbursements, ......
Balance, .........
Ledger Assets.
Cash in banks, ........
Non-Ledger Assets.
Furniture, fixtures and all supplies, .....
Gross assets, ........
Assets not admitted.
Furniture, fixtures and all supplies, ....
Total admitted assets, ......
Liabilities.
Salaries and other miscellaneous expenses, due or accrued,
Risks and Premiums.
Amount. Conting't Prem's.
Risks outstanding Dec. 31, 1905, . . . $1,733,772 00 $140,537 99
Risks written during 1906, 368,691 00 29,627 00
$7 50
305 00
587 93
$900 43
848 23
$1,748 66
$358 50
945 28
50 00
12 28
280 13
$1,646 19
$102 47
$102 47
350 00
$452 47
350 00
$102 47
$185 00
Total, $2,102,463 00 $170,164 99
Risks expired and terminated, . . . 355,075 00 27,976 00
In force at end of year, $1,747,388 00 $142,188 99
HAMPSHIRE MUTUAL FIRE INSURANCE CO.
29
Miscellaneous.
Losses incurred during the year, .
Assessments laid on deposit notes or contingent premiums,
$358 00
588 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, ......
Income.
Net premiums, $18,317.54; extra premiums, $42.53,
Interest on mortgage loans, $1,240; stocks and bonds, $1,115,
all other, $120.81,
Total income, .......
Ledger assets, Dec. 31, 1905, . . . . .
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, ........
Stocks and bonds (schedule A),
Cash in banks and office, .....
Agents' balances, . . . .
Total ledger assets, .....
Non-Ledger Assets.
Interest accrued : —
On mortgages, $409.13; bonds, $425.42; other assets, $51.95,
Market value of stocks and bonds over book value, .
Furniture and supplies, ......
Gross assets, .
Furniture and supplies, .
Total admitted assets,
Assets not admitted.
$27,523 66
$18,360 07
2,475 81
$20,835 88
47,306 61
•
$68,142 49
•
$6,315 12
6,868 43
2,413 88
1,763 50
150 00
164 24
•
435 69
•
$18,110 86
•
$50,031 63
•
$24,800 00
17,697 60
6,892 44
641 59
•
$50,031 63
1.95, .
886 50
,
12,044 90
•
600 00
$63,563 03
600 00
$62,963 03
30
HINGHAM MUTUAL FIRE INSURANCE CO.
Liabilities.
Unearned premiums on outstanding risks,
Dividends due policy holders,
Salaries and other miscellaneous expenses, due or accrued,
All liabilities, except surplus, .
Surplus, . . . . . .
Total liabilities,
Risks outs'ding Dec. 31, 1905,
Risks written during 1906,
$31,061 80
269 65
51 56
$31,383 01
31,580 02
$62,963 03
Risks and Premiums.
Amount.
$3,801,312 00
1,173,053 00
Cash Prem's. Conting't Prem's.
$58,414 94 $58,414 94
18,754 97 18,754 97
Total, . . ' .
Risks expired and terminated,
In force at end of year, .
$4,974,365 00
1,090,779 00
$3,883,586 00
$77,169 91
17,492 59
$59,677 32
Miscellaneous.
Losses incurred during the year, .
Profits or surplus retained during 1906, 20, 40 and 50 per cent.
$77,169 91
17,492 59
$59,677 32
$6,315 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
63 shares Connecticut River, ....
Bank Stocks.
10 shares Northampton National,
Railroad Bonds.
No. Pac.-Gt. Northern (C, B. & Q. col.) 4s, 1921,
Pennsylvania Steel equipment 3^s, 1907,
West End Street 4s, 1932, ....
Book Value.
$6,650 00
1,100 00
6,000 00
2,885 10
1,062 50
$17,697 60
Rate.
285
200
963
98J
102
Market Value.
$17,955 00
2,000 00
5,812 50
2,955 00
1,020 00
,742 50
HINGHAM MUTUAL FIRE INSURANCE COMPANY, HINGHAM.
Incorporated March 4, 1826. Commenced business Sept. 1, 1826. |
FRANCIS H. LINCOLN, President. HENRY W. CUSHING, Secretary.
Amount of permanent fund, ....... $193,042 98
Income.
Net premiums, $107,671.17; extra premiums, $1,289.88, . . $108,961 05
Interest on mortgage loans, $4^117.34; collaterals, $1,550; stocks
and bonds, $7,266.69; allother, $542.76, .' . . . 13,476 79
Rents, including company's own occupancy,
Total income, . . . .
Ledger assets, Dec. 31, 1905, <,
Total, . . .
Disbursements.
Net amount paid for losses, ....
Profits on terminated policies, . . ,
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees,
1,200 00
$123,637 84
308,476 26
$432,114 10
$32,955 79
50,108 33
15,816 03
7,279 69
HINGHAM MUTUAL FIRE INSURANCE CO.
31
Rents, including company's own occupancy, ....
Repairs and expenses on real estate,
Real estate taxes, $357.86; other taxes and fees, $1,128.20,
Loss on sale or maturity of ledger assets, ....
Reduction in book value of real estate, .....
Reduction in book value of stocks and bonds, ....
All other disbursements, . . . . .
Total disbursements, .......
Balance,
Ledger Assets.
Real estate, $18,200; mortgages, $79,800, .
Loans secured by collateral (50 shares General Electric Co., 50
shares Atchison, Topeka & Santa Fe), .....
Stocks, bonds, etc. (schedule A),
Cash in banks and office, .......
Agents' balances, .........
Total ledger assets, .......
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $878.37; bonds, $1,575.07; collateral loans,
$460.91,
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, ..........
Total liabilities,
$700
115
00
20
1,486
75
06
00
1,100
00
4,200
3,581
00
96
$117,418 06
$314,696 04
$98,000 00
10,000
00
196,568 25
5,708 98
4,418
81
$314,696 04
2,914 35
100 00
900 00
27,922 50
$346,532 89
$2 69
209,560 82
1,370 07
Risks and Premiums.
Amount.
Risks outst'ding Dec. 31, 1905, $27,399,195 00
Risks written during 1906,
Total, . . . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
7,325,810 00
$34,725,005 00
6,698,926 00
$28,026,079 00
19,000 00
Cash Prem's.
$413,341 01
113,110 37
$526,451 38
101,344 15
$425,107 23
324 12
$210,933 58
135,599 31
$346,532 89
Conting't Prem's.
$413,341 01
113,110 37
$526,451 38
101,344 15
$425,107 23
$28,007,079 00 $424,783 11
Miscellaneous.
Losses incurred during the year, .....
Profits or surplus returned during 1906, 20, 40 and 60 per cent.
$32,853 00
32
HOLYOKE MUTUAL FIRE INSURANCE CO.
Schedule A. Stocks, Bonds, etc.,
Railroad Stocks.
109 shares Boston & Albany, • .
40 " Boston Elevated,
92 " Old Colony, ....
25 " Union Pacific, preferred, .
Bank Stocks.
30 shares Hingham National, .
11 " National Bank of Commerce, Boston,
12 " National Union, Boston, .
60 " Old Colony National, Plymouth,
22 " Webster-Atlas National, Boston,
Miscellaneous Stocks.
200 shares Helena Water Works,
62 " Hingham Water Co.,
50 " United Shoe Machinery Corp., pref.,
Municipal Bonds.
Chicago, 111., 4s, 1923, ....
Railroad Bonds.
Boston, Revere Beach & Lynn 4^s, 1927, .
Chicago, Burlington & Quincy 3^s, 1949,
Illinois Central 4s, 1952, ....
Lake Shore & Michigan Southern 4s, 1928,
New York, New Haven & Hartford 4s, 1955,
No. Pac. Gt. Northern (C, B. & Q. coll.) 4s, 1921
Union Pacific 4s, 1947, ....
Wabash equipment 4-Js. 1916, .
Miscellaneous Bonds, etc.
American Telephone & Telegraph Co. 4s, 1929,
American Woolen Co. 5% note,
Arnold Print Co. 6% note,
Helena Water Works Co'. 4s, 1928,
Hingham Water Co. 5s, 1923, .
Hingham Water Co. 5s, 1925,
OWNED BY THE COMPANY.
Book Value.
Rate.
Market Value.
$10,900
00
239^
$26,105 50
5,900
00
151
6,040 00
9,200
00
198
18,216 00
2,500
00
94
2,350 00
3,000
00
112*
3,375 00
1,100
00
156
1,716 00
6,000
00
178
10,680 00
1,200
00
110
1,320 00
2,480
00
148
3,256 00
! 6,200
00
120
7,440 00
1,525
00
112*
1,406 25
5,193
75
101i
5,062 50
5,350
00
107*
5,375 00
9,612
50
92
9,200 00
20,000
00
102
20,400 00
10,037
50
98
9,800 00
5,062
50
•101*
5,062 50
L, 7,000
00
961
6,781 25
5,000
00
102
5,100 00
6,727
00
96|
6,746 25
16.580
00
90
14,458 50
25,000
00
100
25,000 00
10,000
00
100
10,000 00
10,000
00
40
8,600 00
5,000
00
100
5,000 00
6,000
00
100
6,000 00
$196,568
25
$224,490 75
HOLYOKE MUTUAL FIRE INSURANCE COMPANY, SALEM.
Incorporated March 14, 1843. Commenced business May 23, 1843.
CHARLES H. PRICE, President. LOUIS O. JOHNSON, Secretary.
Guakanty Capital, $100,000.
Amount of permanent fund, ........ $557,878 69
Income.
Net premiums, $184,827 42
Interest on mortgage loans, $2,715.83; stocks and bonds, $35-,
654.09; all other, $333.16, 38,703 08
Rents, including company's own occupancy, .... 4,810 00
Profit on sale or maturity of ledger assets, .... 8,621 25
Dividends on reinsurance, . . . . . . . ' 1,714 12
Total income,
Ledger assets, Dec. 31, 1905,
Total, .
Net amount paid for losses,
Profits on terminated policies,
Commissions or brokerage,
Disbursements.
$238,675 87
881,429 48
1,120,105 35
$45,724 48
71,154 80
27,787 23
HOLYOKE MUTUAL FIRE INSURANCE CO.
Salaries, fees, etc., of officers and employees, .
Rents, including company's own occupancy,
Repairs and expenses on real estate,
Real estate taxes, 614.20; other taxes and fees,
Loss on sale or maturity of ledger assets,
Dividends on guaranty capital,
All other disbursements,
Total disbursements,
!,207.96,
Balance,
Ledger Assets.
Real estate, $45,000; mortgages, $54,000,
Stocks and bonds (schedule A),
Cash in banks and office, .....
Agents' balances, .......
Total ledger assets, .....
Non-Ledger Assets.
Interest accrued : —
On mortgages, $457 . 54 ; bonds, $9,850 .16,
Rents accrued on company's property,
Market value of stocks and bonds over book value, .
Gross assets, .......
Liabilities.
Unpaid losses, $1,360.07; less reinsurance, $2.75,
Unearned premiums on outstanding risks,
Dividends due policy holders, ....
Due for return premiums, . . .
All liabilities, except guaranty capital and surplus,
Guaranty capital, .......
Surplus over guaranty capital and general liability, .
Total liabilities, . . .
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outs'ding Dec. 31, 1905, $40,316,891 00 $586,047 20 $586,047 20
Risks written during 1906, . 13,308,924 00 202,093 59 202,093 59
co. 33
$21,059 76
1,500 00
1,533 01
2,822 16
4,925 75
7,000 00
8,117 28
. $191,624 47
. $928,480 88
$99,000 00
790,164 00
19,332 40
19,984 48
. $928,480 88
10,307 70
790 00
69,135 68
. $1,008,714 26
$1,357 32
312,325 03
11,310 84
1,224 14
. $326,217 33
100,000 00
582,496 93
. $1,008,714 26
Total, . . $53,625,815 00
Risks expired and terminated, 11,473,878 00
,140 79 $788,140 79
169,445 87 169,445 87
In force at end of year, .
Amount reinsured,
$42,151,937 00
1,192,224 00
$618,694 92 $618,694 92
19,518 97
Net amount in force, . $40,959,713 00 $599,175 95
Miscellaneous.
Losses incurred during the year, ......
Profits or surplus returned during 1906, 20, 40 and 60 per cent.
$45,809 00
34
HOLYOKE MUTUAL FIRE INSURANCE CO.
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
50 shares Boston & Maine, . '
31 " Old Colony, ....
100 " Pittsburg, Ft. Wayne & Chicago,
162 " Union Pacific, preferred, .
25 " West End Street,
Bank and Trust Company Stocks.
30 shares Atlantic National, Boston,
10 " Beverly National,
10 " First National, Salem (liquidating),
31 " Freemans National, Boston,
35 " Mercantile National, Salem,
100 " Merchants National, Boston,
10 " Merchants National, Salem,
50 " National Republic, Boston,
20 " Naumkeag National, Salem,
10 " National Shawmut, Boston,
93 " Salem National, Salem,
100 " Second National, Boston, .
Miscellaneous Stocks.
20 shares H. B. Claflin Co., N. Y., first preferred,
15 " Edison Electric Ilium. Co., Boston,
State, County and Municipal Bonds.
Allen County, Ind., 4s, 1909,
Boston, Mass., 3*s, 1928, .
Cambridge, Mass., 4s, 1924,
Columbus, Ohio, 5s, 1910,.
Evansville, Ind., 4*s, 1912,
Everett, Mass., 4s, 1923, .
Everett, Mass., 4s, 1933, .
Jersey City, N. J., 5s, 1916,
Jersey City, N. J., 5s, 1922,
Johnston, R. I., 4s, 1907, .
Lawrence, Mass., 4s, 1923,
Lynn, Mass., 4s, 1918,
Maiden, Mass., 4s, 1907, .
Marion County, Ind., 5s, 1908,
Massachusetts 3*s, 1936, .
Orange, N. J., 5s, 1920, .
Pawfcucket, R. I., 4s, 1923,
Pawfcucket, R. I., 4s, 1944,
Quebec, Province of, 5s, 1908,
Quincy, Mass., 3.65s, 1911,
Salem, Mass., 3*s, 1917, .
Salem, Mass., 3*s, 1918, .
Salem, Mass., 4s, 1925,
Salem, Mass., 4s, 1926,
Salem, Mass., 4s, 1927,
Salem, Mass., 4s, 1928,
St. Paul. Minn., 5s, 1913, .
St. Paul, Minn., 4*s, 1917,
St. Paul, Minn., 4*s, 1918,
Taunton, Mass., 4s, 1915,
Waltham, Mass., 4s, 1913,
Wayne County, Mich., 4s, 1910,
Woonsocket, R. I., 4s, 1923,
Railroad Bonds
Atchison, Topaka & Santa Fe adjust. 4s, 1995,
Atchison, Topeka & Santa Fe gen. mort. 4s, 1995
Baltimore & Ohio prior lien 3*s, 1925,
Baltimore & Ohio 4s, 1948,
Boston & Lowell 4s, 1918,
Boston & Maine 4s, 1926,
Burlington & Missouri River in Nebraska 4s, 1910
Canada Southern 5s, 1908,
Central of New Jersey 5s, 1987,
Central Pacific 1st refunding mortgage 4s, 1949,
Central Pacific 3*s, 1929, .
Book Value.
Rate.
Market Value.
$5,000
00
161
$8,050 00
3,100
00
198
6,138 00
10,000
00
173
17,300 00
16,200
00
94
15,228 00
1,250
00
184
2,300 00
3,000
00
143
4,290 00
1,000
00
150
1,500 00
500
00
25
125 00
3,100
00
117
3,627 00
3,500
00
103
3,605 00
10,000
00
210
21,000 00
500
00
160
800 00
5,000
00
164
8,200 00
2,000
00
151
3,020 00
1,000
00
275
2,750 00
9,300
00
80
7,440 00
10,000
00
225
22,500 00
2,000
00
95
1,900 00
1,500
00
227*
3,412 50
10,000
00
100
10,000 00
5,000
00
96|
4,818 75
5,000
00
103|
5,156 25
10,000
00
102f
10,275 00
6,000
00
102
6,120 00
5,214
00
103
5,370 42
5,000
00
104
5,200 00
5,000
00
107
5,350 00
3,000
00
HOf
3,322 50
5,000
00
100
5,000 00
5,000
00
103
5,150 00
8,000
00
102|
8,180 00
10,000
00
100
10,000 00
5,000
00
100*
5,025 00
5,000
00
101
5,050 00
10,000
00
110*
11,050 00
10,000
00
101*
10,150 00
5,000
00
102*
5,125 00
7,000
00
100*
7,035 00
10,000
00
99|
9,937 50
3,000
00
98
2,940 00
2,000
00
97f
1,955 00
500
00
103*
516 25
2,500
00
103|
2,584 38
2,500
00
103*
2,587 50
500
00
103f
518 13
10,000
00
106
10,600 00
5,000
00
105f
5,287 50
10,000
00
106*
10,612 50
3,000
00
lOlf
3,052 50
2,000
00
101*
2,030 00
10,000
00
101
10,100 00
5,000
00
101*
5,075 00
5,000
00
91f
4,587 50
9,000
00
100
9,000 00
10,500
00
92*
9,686 25
1,500
00
lOOf
1,511 25
5,000
00
101f
5,087 50
15,000
00
102|
15,412 50
>, 10,000
00
99*
9,950 00
5,000
00
100
5,000 00
7,000
00
126
8,820 00
3,000
00
98^
2,966 25
500
00
85|
426 25
HOLYOKE MUTUAL FIRE INSURANCE CO.
35
Central Vermont 4s, 1920,
Chesapeake & Ohio 6s, 1908,
Chicago, Burlington & Quincy 5s, 1913,
Chicago, Burlington & Quincy (Neb. ext.) 4s, 1927
Chicago, Burl. & Quincy (111. div.) 3*s, 1949,
Chicago & Eastern Illinois 6s, 1907, .
Chicago & Western Indiana 6s, 1932,
Cincinnati, Hamilton & Dayton 5s, 1942,
Cleveland Electric 5s, 1913,
Cleveland, Lorain & Wheeling 5s, 1933,
Delaware & Hudson Canal 7s, 1917, .
Erie & Pittsburg 3*s, 1940,
Erie (Pennsylvania collateral) 4s, 1951,
Fitchburg 4s, 1916, ....
Hocking Valley equipment 4*s, 1908, .
Housatonic 5s, 1937,
Illinois Central 4s, 1950, .
Illinois Central purchased lines 3*s, 1952,
Kansas City, Ft. Scott & Memphis 6s, 1928,
Kansas City, St. Joseph & Council Bluff 7s, 1907,
Lake Shore & Michigan Southern 4s, 1928,
Lehigh Valley 6s, 1923, ....
Long Island refunding mortgage 4s, 1949, .
Me. Cent. (European & No. Amer. branch) 4s, 1933
Narragansett Pier 4s, 1916,
New England 5s, 1945,
New Haven & Derby 5s, 1918, .
New York Central & Hudson River 3*s, 1997,
N. Y. Cent. & H. R. (Mich. Cen. coll.) 3*s, 1998,
N. Y. Cent. & H. R. (Lake Sh. coll.) 3*s, 1998,
N.Y., N.H. & H. (Harlem R.-Pt. Chester) 4s, 1954
New York, New Haven & Hartford 3*s, 1956,
New York, New Haven & Hartford note 5s, 1908,
New York, Ontario & Western 4s, 1992,
Northern Pac.-Gt. Nor. (C. B. & Q. coll.) 4s, 1921
North Western Union 7s, 1917,
Norwich & Worcester 4s, 1927,
Old Colony 4s, 1924,
Old Colony 4s, 1925,
Oregon Short Line 4s, 1929,
Pennsylvania Co. 3*s, 1916,
Pennsylvania Steel equipment trust 3*s, 1911,
Pennsylvania Steel equipment trust 3*s, 1912,
Peoria & North Western 3*s, 1926,
Princeton & Northwestern 3*s, 1926,
Richmond-Washington 4s, 1943,
Schenectady 4*s, 1941,
Seattle Electric 5s, 1930, .
St. Paul, Minneapolis & Manitoba 4*s, 1933,
Terminal Association of St. Louis 4*s, 1939,
Terre Haute & South Eastern 7s, 1909,
Third Avenue, N. Y., 4s, 2000, .
Union Pacific 4s, 1947, ....
West End Street, Boston, 4s, 1915,
Miscellaneous Bonds.
American Cotton Oil Co. 4*s, 1915,
American Mail Steamship Co. 6s, 07-8,
American Telephone & Telegraph Co. 4s, 1929,
Boston Building, Denver, Col., 6s, 1908,
Clinton Water Works Co., Clinton, la., 5s, 1939,
Hudson River Power Transmission Co. 5s, 1928,
Keokuk Water Works Co., Keokuk, la., 6s, 1907
Salem Electric Lighting Co. 4s, 1911,
Western Union Telegraph Co. 5s, 1938,
Woonsocket Elec. Machine & Power Co. 4*s, 1943,
Book Value.
$2,000 00
10,000 00
10,000 00
5,000 00
5,000 00
5,000 00
8,000 00
10,000 00
2,000 00
15,000 00
5,000 00
5,000 00
5,000 00
10,000 00
5,000 00
10,000 00
3,000 00
5,000 00
13,000 00
5,000 00
5,000 00
5,000 00
5,000 00
4,000 00
10,000 00
25,000 00
20,000 00
3,000 00
3,000 00
5,000 00
5,000 00
9,000 00
10,000 00
20,000 00
5,000 00
8,000 00
5,000 00
10,000 00
5,000 00
5,000 00
1,000 00
1,000 00
4,000 00
8,000 00
6,000 00
5,000 00
5,000 00
2,000 00
12,000 00
6,000 00
5,000 00
2,000 00
22,500 00
3,000 00
10,000 00
1,000 00
5,000 00
10,000 00
5,000 00
2,000 00
10,000 00
2,000 00
5,000 00
3,000 00
$790,164 00
Rate.
86
101*
103
102
'91f
100
112
106
100
112*
127*
96
89f
100f
99i
120
108*
91
120
100
98
121
99
99
100
121*
108|
93i
85*
86*
104
112
100
100
961
125*
102f
102*
102*
93*
95+
95
95
94
94
102+
105
104+
110"
109
104
88
102
1001
95*
100
90
99
95
90
97
98
103
92+
Market Value.
$1,720 00
10,150 00
10,300 00
5,100 00
4,587 50
5,000 00
8,960 00
10,600 00
2,000 00
16,875 00
6,375 00
4,800 00
4,487 50
10,075 00
4,962 50
12,000 00
3,247 50
4,550 00
15,600 00
5,000 00
4,900 00
6,050 00
4,950 00
3,960 00
10,000 00
30,375 00
21,750 00
2,797 50
2,565 00
4,312 50
5,200 00
10,080 00
10,000 00
20,000 00
4,843 75
10,040
5,137
10,250
5,125
4,675 00
955 00
950
3,800
7,520
5,640
5,125
5,250
2,090 00
13,200 00
6,540 00
5,200 00
1,760 00
22,950 00
3,026 25
9,550 00
1,000 00
4,500 00
9,900 00
4,750 00
1.800 00
9,700 00
1,960 00
5,150 00
2,775 00
$859,299 68
00
50
00
00
00
00
00
00
00
00
36
INDUSTRIAL MUTUAL INSURANCE CO.
INDUSTRIAL MUTUAL INSURANCE COMPANY, BOSTON.
Incorporated April 17, 1890. Commenced business June 1, 1890. gTj
CHARLES T. PLUNKETT, President. BENJAMIN TAFT, Secretary. ~]
Office, 31 Milk Street. |j
Income.
Net premiums,
Interest on bonds, .....
Total income, .....
Ledger assets, Dec. 31, 1905, ....
Total,
Disbursements.
Net amount paid for losses, ....
Profits on terminated policies, . .
Salaries, fees, etc., of officers and employees,
Taxes and fees, ......
Reduction in book value of bonds, .
Inspections, .......
All other disbursements, ....
Total disbursements, ....
Balance, ......
Ledger Assets.
Bonds (schedule A),
Cash in banks and office, ....
Premiums in course of collection,
Total ledger assets, .....
Non-Ledger Assets.
Interest due and accrued on bonds,
Gross assets, ......
Assets not admitted.
Book value of bonds over market value, .
Total admitted assets, ....
Liabilities.
Unpaid losses, ......
Unearned premiums on outstanding risks,
Taxes, .......
All liabilities, except surplus, .
Surplus, .......
Total liabilities, .....
$331,327 10
9,343 49
$340,670 59
225,059 02
$565,729 61
$25,868 66
232,997 26
11,250 17
4,009 54
2,565 00
3;i79 77
11,939 81
$291,810 21
$273,919 40
$239,000 00
26,785 47
8,133 93
$273,919 40
3,594 97
$277,514 37
3,537 50
$273,976 87
$14,279 58
164,471 01
1,003 12
$179,753 71
94,223 16
$273,976 87
LOWELL MUTUAL FIRE INSURANCE CO.
37
Risks and Premiums.
Amount.
Risks outs'ding Dec. 31, 1905, $33,785,071 00
Risks written during 1906, . 40,085,073 00
Cash Prem's. Conting't Prom's .
308,419 68 $1,542,098 40
353,977 79 1,769,888 95
Total, .... $73,870,144 00
Risks expired and terminated, 37,347,640 00
$662,397 47
333,455 45
53,311,987 35
1,667,277 25
In force at end of year,
$36,522,504 00 $328,942 02 $1,644,710 10
Miscellaneous.
Losses incurred during the year, ......
Profits or surplus returned during 1906, 75 per cent.
Schedule A. Bonds owned by the Company.
Rate.
101
100|
State, County and Municipal Bonds
Fall River, Mass., 3*s, 1915,
Massachusetts 3*s, 1940, .
Massachusetts 3*s, 1933, .
Railroad Bonds.
Boston Elevated 4s, 1935,
Boston & Lowell 3*s, 1919,
Boston & New York Air Line 4s, 1955,
Fitchburg 4s, 1915, ....
Lynn & Boston 5s, 1912, .
Maine Central 4*s, 1916, .
Maine Central 4s, 1912,
Northern Maine Seaport 5s, 1935,
No. Pac.-Gt. Northern (€., B. & Q. coll.) 4s, 1921,
N. Y. Cent. & Hud. River (Lake Shore) 3|s, 1998,
New York, New Haven & Hartford 4s, 1955,
Richmond-Washington 4s, 1943,
West End 4s, 1917,
Miscellaneous Bonds.
American Telephone & Telegraph Co. 4s, 1929,
American Writing Paper Co. 5s, 1919,
N. E. Telephone & Telegraph Co. 4s, 1930, .
N. E. Telephone & Telegraph Co. 5s, 1919, .
Western Union Telegraph Co. 4*s, 1950,
Western Telephone & Telegraph Co. 5s, 1932,
Book Value.
$15,000 00
9,000 00
4,000 00
3,000 00
5,000 00
3,000 00
15,000 00
5,000 00
5,000
3,000
15,000
1,000
10,000 00
15,000 00
7,000 00
10,000 00
23,000 00
20,000 00
20,000 00
19,000 00
29,000 00
3,000 00
$239,000 00
00
00
00
00
102
97|
102*
100f
103
1031
100*
112
86i
101i
102*
101
90
87
96
106i
99*
99
$39,505 00
Market Value.
$14,737 50
9,090 00
4,035 00
3,060 00
4,856 25
3,075 00
15,112
5,150
5,162
3,015
16,800 00
968 75
8,625 00
15,187 50
7,175 00
10,100 00
50
00
50
00
20,700 00
17,400 00
19,200 00
20,187 50
28,855 00
2,970 00
$235,462 50
LOWELL MUTUAL FIRE INSURANCE COMPANY, LOWELL.
Incorporated March 6, 1832. Commenced business April, 1832.
CHARLES A. STOTT, President. JOSEPH PEABODY, Secretary.
Amount of permanent fund, Dec. 31, 1905, .... $100,482 24
Increase during the year, ..... . 6,208 02
Permanent fund Dec. 31, 1906, $106,690 26
Income.
Net premiums, $58,436.74; extra premiums, $378.82, . . $58,815 56
Interest on mortgage loans, $782.52; stocks and bonds, $6,-
693.61; all other, $905.09, 8,38122
Profit on sale of bonds, . . . . . . . . 118 75
Profits from agency of secretary, ....... 3,645 85
Total income,
$70,961 38
38
LOWELL MUTUAL FIRE INSURANCE CO.
Ledger assets, Dec. 31, 1905, .......
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, . . . . . . . .
Loss on sale or maturity of bonds, ......
All other disbursements, .......
Total disbursements, ........
Balance, . . . ...
Ledger Assets.
Mortgages, ..........
Loans secured by collateral (3 shares American Telephone & Tele-
graph Co., 1 share Interborough Rapid Transit), .
Stocks and bonds (schedule A),
Cash in banks and office, .
Agents' balances, . . . .
Total ledger assets, .......
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $158.18; bonds, $902.50, . . . .
Market value of stocks and bonds over book value, .
Gross assets, .........
Liabilities.
Unearned premiums on outstanding risks, ....
Dividends due policy holders, .......
Salaries and other miscellaneous expenses, due or accrued,
Due for return premiums, .......
All liabilities, except surplus, .
Surplus, ..........
Total liabilities, ........
Risks and Premiums.
Amount.
Risks outs'ding Dec. 31, 1905, $10,205,405 00
$190,681
38
$261,642 76
$17,958 06
21,083
77
8,823
42
8,023
34
650 00
567
66
82
50
5,532
90
$62,721
65
$198,921
11
$10,350 00
4,000
00
147,100
00
30,807
99
6,663
12
$198,921
11
1,060
68
19,151
88
$219,133 67
$83,329
54
847
71
1,100
00
215
72
Risks written during 1906,
Total, .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
3,729,169 00
$13,934,574 00
3,408,823 00
$10,525,751 00
157,847 00
Cash Prem's.
$162,981 93
62,099 20
$225,081 13
56,405 76
$168,675 37
2,393 67
1,492 97
133,640 70
$219,133 67
Conting't Prem's.
$162,981 93
62,099 20
$225,081 13
56,405 76
$168,675 37
$10,367,904 00 $166,281 70
LUMBER MUTUAL FIRE INSURANCE CO
39
Miscellaneous. '
Losses incurred during the year, .....
Profits or surplus returned during 1906, 20, 40 and 60 per cent.
$15,731 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
20 shares Boston & Lowell,
37 " Boston & Maine,
71 " Lowell & Andover, .
6 " Vermont & Massachusetts,
Bank Stocks.
16 shares Union National, Lowell,
Miscellaneous Stocks.
50 shares American Woolen Co., preferred,
36 " Appleton Co., Lowell,
70 " Bigelow Carpet Co., Lowell,
25 " Franklin Co., Lewiston, Me.,
2 " Hamilton Mills, Lowell,
30 " Hill Co., Lewiston, Me., .
16 " Lawrence Co., Lowell,
16 " Lowell Bleacherv, Lowell,
46 " Lowell Gas Light Co.,
50 " Massachusetts Mills, Lowell,
132 " Merrimack Mfg. Co., Lowell, common,
2 " Pacific Mills, Lawrence,
Municipal Bonds.
Boston, Mass., 4s, 1923,
Middletown, Conn., 3^s, 1921, .
Sharon, Mass., 4s, 1923 and 1924,
Railroad Bonds.
Boston Elevated 4s, 1935,
Boston & Lowell 4s, 1916,
Boston & Lowell 4s, 1909,
Boston & Lowell 4s, 1932,
Boston & Maine 3*s, 1925,
Boston & Maine 3*s, 1921,
Central Vermont 4s, 1920,
Chic, Burl. & Quincy (Illinois Division) 3*s, 1949,
Chic, Burl. & Quincy (Illinois Division) 4s, 1949,
Chic, Burl. & Quincy (Iowa Division) 4s, 1919,
Fitchburg 4s, 1915, . . .
Fitchburg 4s, 1925, .
Illinois Central (St. Louis Division) 3*s, 1951,
Lowell & Suburban Street 5s, 1911, .
Maine Central 4s, 1912, .
New York Central & Hudson River 3*s, 1997,
New York, New Haven & Hartford 4s, 1955,
Portland & Rumford Falls 4s, 1926, .
Washington County 3*s, 1954, .
Book Value.
$2,000 00
3,700 00
7,100 00
600 00
1,600 00
5,000 00 '
3,600 00
7,000 00
2,500 00
2,000 00
3,000
1,600
1,600
4,600
5,000
13.200
00
00
00
00
00
00
2,000 00
2,000 00
3,000 00
2,000 00
00
00
00
00
00
10,000 00
6,000 00
4,000
3,000
1,000
4,000
1,000
2,000 00
2.000 00
4,000 00
7,000 00
3,000 00
3,000 00
8,000 00
6,000 00
1,000 00
5,000 00
3,000 00
1,000 00
$147,100 00
Rate.
231
161
229
171
160
101
125|
112
1051
67*
41*
140
120
250
95
44*
300
103
96
102*
102
101
100
103*
96
96f
86
91f
1021
100
lOOf
101*
91
102*
100*
93*
101*
100
90
Market Value.
$4,620 00
5,957 00
16,259
1,026
00
00
2,560 00
5,050 00
4,527 00
7,840 00
2,628 '13
1,350 00
1,233 75
2,240 00
1,920 00
11,500 00
4,750 00
5,923 50
6,000 00
2,060 00
2,880 00
2,050 00
10,200 00
6,060 00
4,000 00
3,097
960
3,870
860
1,835
2,042
4,000
7,052
3,045
2,730
8,200
6,030
932
5,062
3,000
900
50
00
00
00
00
50
00
50
00
00
00
00
50
50
00
00
$166,251 88
LUMBER MUTUAL FIRE INSURANCE COMPANY, BOSTON.
Incorporated Feb. 13, 1895. Commenced business March 28, 1S£5.
GEORGE W. GALE, President. HARRY E. STONE, Secretary.
Office, 141 Milk Street.
Amount of permanent fund, Dec. 31, 1905,
Increase during the year,
Permanent fund Dec. 31, 1906,
$70,000 00
30,000 00
$1C0,CC0 00
40
LUMBER MUTUAL FIRE INSURANCE CO.
Income.
Net premiums, . . . . . . ...
Interest on mortgage loans, $72 ; corporation loans, $250; bonds,
■ $5,887.98; all other, $3,657.01, .
Profit on sale of bonds, .....
Profit and loss, ......
Discount on losses, .....
From all other sources, .....
Total income, ......
Ledger assets, Dec. 31, 1905, ....
Total, .
Disbursements.
Net amount paid for losses, . . .
Profits on terminated policies,
Salaries, fees, etc., of officers and employees,
Rents, .......
Taxes and fees, ......
Premiums and accrued interest on bonds purchased,
Adjusting, .......
Postage and telegrams, .....
Printing and advertising, ....
Surveys and maps, .....
Office expenses, ...
Office furniture, ......
Legal services, ......
Inspections, .......
Total disbursements, ....
Balance, ......
Ledger Assets.
Mortgages, ....
Bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Premiums in course of collection,
Deposited in savings banks, .
Total ledger assets, ....
Non-Ledger Assets.
Market value of bonds over book value, .
Gross assets, ......
Assets not admitted.
Special deposits less $2,417.04 liabilities thereon,
Total admitted assets, ....
Liabilities.
Unpaid losses, including $1,000 resisted, .
Unearned premiums on outstanding risks,
$228,450 19
9,866 99
221 25
197 10
568 85
144 71
$239,449 09
247,960 60
$487,409 69
,645 98
68,116 02
17,618 70
980 49
3,579 49
2,153 38
285 67
1,363 01
1,800 31
1,652 36
1,842 24
1,564 32
147 00
12;275 02
$181,023 99
$306,385 70
$1,000 00
181,000 00
28,229 28
10,346 40
10,222 06
75,587 96
$306,385 70
815 00
$307,200 70
8,682 96
$298,517 74
$7,000 00
111,016 04
LYNN MUTUAL FIRE INSURANCE CO.
41
Inspection, ....
Return premiums, .
Contingent commission,
All liabilities, except surplus,
Surplus, ....
,145 86
408 74
643 02
Total liabilities,
Risks outs'ding Dec. 31, 1905,
Risks written during 1906,
Total, . . ' .
Risks expired and terminated,
In force at end of year, .
Risks and Premiums.
Amount.
$7,261,927 00
9,871,903 00
$17,133,830 00
8,475,023 00
Cash Prem's.
$194,604 61
257,146 64
$451,751 25
229,719 17
$120,213 66
178,304 08
$298,517 74
Conting't Prem's.
$583,813 83
771,439 92
$1,355,253 75
689,157 51
Miscellaneous.
Losses incurred during the year, . . . .
Profits or surplus returned during 1906, 33.33 per cent
,658,807 00 $222,032 08 $666,096 24
$72,024 00
Schedule A. Bonds owned by the Company.
State, County and Municipal Bonds
Boston, Mass., 3*s, 1935, .
Brockton, Mass., 3*s, 1934,
Cambridge, Mass., 3*s, 1921,
Cambridge, Mass*., 3*s, 1925,
Georgia 4*s, 1915,
Gloucester, Mass., 4s, 1916,
Gloucester, Mass., 4s, 1917,
Gloucester, Mass., 4s, 1918,
Gloucester, Mass., 4s, 1919,
Gloucester, Mass., 4s, 1920,
Gloucester, Mass., 4s, 1921,
Gloucester, Mass., 4s, 1922,
Lynn, Mass., 3*s, 1914,
Nashville, Tenn., 4*s, 1923,
Pawtucket, R. I., 4s, 1944,
Port of Portland. Ore., 4s, 1934,
"Walt ham, Mass., 3*s, 1921,
Watertown, Mass., 4s, 1914-17,
Railroad Bonds.
Boston & Maine 4s, 1926,
Boston, Revere Beach & Lynn 4*s, 1927,
Chicago & Western Indiana 4s, 1952,
Dutchess County (N. Y.) 4*s, 1940, .
Long Island guar, refunding 4s, 1949,
Long Island unified 4s, 1949,
New York Central & Hudson River 4s, 1934
New York, New Haven & Hartford 4s, 1955
Miscellaneous Bonds.
Chace Mills, Fall River, 5% note,
Luther Manufacturing Co. 5s, 1923,
00
00
00
00
00
Book Value.
$9,000 00
14,000 00
5,000 00
15,000 00
10,000 00
1,000
2,000
2,000
2,000
2,000
2,000 00
1,000 00
3,000 00
10,000 00
10,000 00
11,000 00
7,000 00
10,000 00
5,000 00
10,000 00
10,000 00
5,000 00
5,000 00
5,000 00
5,000 00
10,000 00
5,000 00
5,000 00
$181,000 00
Rate.
95f
95
97i
96f
111
101*
lOlf
lOlf
101*
102
102|
102i
98f
104*
102*
100
97|
101*
102f
107*
97
104
99
96
97f
101£
100
100
Market Value.
$8,617 50
13,300 00
4,862 50
14,512
11,100
1,015
2,032
2,035
2,037
2,040 00
2,042 50
1,022
2,958
10,487
10,250
11,000 00
6,807 50
10,150 00
50
00
00
50
00
50
50
75
50
00
5,137
10,750
9,700
5,200
4,950
4,800
4,881
50
00
00
00
00
00
25
10,125 00
5,000 00
5,000 00
$181,815 00
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
42
LYNN MUTUAL FIRE INSURANCE CO.
Income.
Net premiums, $6,759.86; extra premiums, $59.87, .
Interest on mortgage loans, $1,680.06; stocks and bonds,
all other, $33 . 97, . . . ' .
Rents, ........
Total income, . . . . . .
Ledger assets, Dec. 31, 1905, .....
Total,
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, $128.76; other taxes and fees, $57.76,
Profit and loss, ......
Interest accrued on bonds, ....
All other disbursements, ....
Total disbursements, ....
Balance, ......
Ledger Assets.
Real estate, $2,869; mortgages, $32,062.80, .
Stocks and bonds (schedule A),
Cash in banks and office, .....
Agents' balances, .......
Total ledger assets, .....
Non-Ledger Assets.
Interest accrued : —
On mortgages, $472.58; bonds, $160.69,
Market value of stocks and bonds over book value, .
Gross assets, .......
Assets not admitted.
Agents' balances over three months due, .
Total admitted assets, .....
Liabilities.
Unearned premiums on outstanding risks,
Dividends due policy holders, ....
Commissions and other charges due agents and brokers,
All liabilities, except surplus, ....
Surplus, ........
Total liabilities, ......
.,282;
$6,819. 73
2,996 03
247 00
$10,062 76
64,088 80
$74,151
56
$719 09
3,945
85
134 03
2,344
00
540
00
41
07
186
52
101
68
45
56
536
70
$8,594 50
,557 06
$34,931 80
28,154 75
2,078 04
392 47
$65,557 06
633 27
3,215 50
,405 83
66 52
$69,339 31
$15,847 64
25 48
8 82
$15,881 94
53,457 37
,339 31
merchants' and farmers' mutual FIRE INSURANCE CO. 43
Risks and Pkemiums.
Amount. Cash Prem's.
Risks outs'ding Dec. 31, 1905, $2,214,967 00 $29,689 50
Risks written during 1906, . 538,963 00 7,466 14
Conting't Prem's.
$59,379 00
14,932 28
Total, .... $2,753,930 00 $37,155 64 $74,311 28
Risks expired and terminated, 496,218 00 ' 6,792 95 13,585 90
In force at end of year, .
Amount reinsured,
Net amount in force,
$2,257,712 00
4,250 00
$2,253,462 00
$30,362 69
65 50
$30,297 19
,725 38
Miscellaneous.
Losses incurred during the year, . . . . . . $719 00
Profits or surplus returned during 1906, 25, 50 and 70 per cent.
Schedule A. Stocks and Bonds owned by the Company.
Bank Stocks.
5 shares Central National, Lynn, .
20 " Essex Trust Co., Lynn,
10 " Merchants National, Boston,
20 " National City, Lynn, ....
Railroad Bonds.
Atchison, Topeka & Santa Fe gen. mtge. 4s, 1995,
Chicago & Great Western 5s, 1936,
Chic, Mil. & St. P. (Southwestern Div.) 6s, 1909, .
Chicago & Rock Island & Pacific 4s, 1934, .
Jacksonville Electric 5s, 1927, ....
Mexican Central 4s, 1911, ....
Ogdensburg & Lake Champlain 4s, 1948,
Ohio & West Virginia 7s, 1910,
Miscellaneous Bonds.
Des Moines Edison Light Co. 5s, 1931,
Omaha Electric Light & Power Co. 5s, 1933,
The Securities Co., series C, class 1, 4s,
United Electric Security Co. 5s, 1935,
Book Value.
Rate.
Market Value.
$500
00
175
$875 00
3,600
00
250
5,000 00
1,392
50
210
2,100 00
2,000
00
150
3,000 00
2,000
00
100
2,000 00
2,020
00
104
2,080 00
1,025
00
103|
1,036 25
961
25
90
900 00
1,880
00
100
2,000 00
773
50
84£
845 00
2,050
00
95
1,900 00
1,000
00
108
1,080 00
1,040
00
100
1,000 00
3,000
00
99
2,970 00
800
00
68
544 00
4,112
50
101
4,040 00
$28,154 75
$31,370 25
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, ."......
Income.
Net premiums, $93,824.37; extra premiums, $726.72,
Interest on mortgage loans, $1,329.99; stocks and bonds,
$7,047.58; allother, $262.05,
Rents, ..........
Profit on sale or maturity of ledger assets, ....
From all other sources, . . . .
Total income, ........
Ledger assets, Dec. 31, 1905, .......
Total,
$121,574 43
$94,551 09
8,639 62
3,960 00
1,392 43
800 50
$109,343 64
259,063 41
,407 05
44
MERCHANTS AND FARMERS MUTUAL FIRE INSURANCE CO.
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, $699.53; other taxes and fees, $1,477.41,
Loss on sale or maturity of ledger assets,
Reinsurance, ......
All other disbursements, ....
Total disbursements, ....
Balance, . . . . .
Ledger Assets.
Real estate, $57,482.35; mortgages, $20,880, .
Stocks and bonds (schedule A),
Cash in banks and office, . . . .
Agents' balances, .........
Total ledger assets, . . . .
Non-Ledger Assets.
Interest accrued : —
On mortgages, $352.53; bonds, $1,902.49; other assets, $15.63,
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, .........
Liabilities.
Unpaid losses, $4,880 . 06 ; less reinsurance, $2 . 20;.
Unearned premiums on outstanding risks, .
Dividends due policy holders, . . . . . .
Commissions and other charges due agents and brokers,
Due for return premiums, .......
All liabilities, except surplus, .
Surplus, ..........
Total liabilities, ........
Risks and Premiums.
Amount.
Risks outs'ding Dec. 31, 1905, $21,119,641 00
Risks written during 1906,
Total, .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force.
6,719,107 00
$27,838,748 00
7,096,758 00
$20,741,990 00
286,650 00
Cash Prem's.
$312,155 21
101,264 16
$413,419 37
108,365 53
$305,053 84
4,020 09
$38,451
12
41,049
98
15,017
31
6,978
76
700
00
94
12
2,176
94
150
00
117
17
5,181
48
$109,916 88
$258,490 17
$78,362 35
163,434 71
7,602
86
9,090 25
$258,490
17
2,270
65
360
00
2,517
65
10,530
54
$274,169 01
$4,877 86
149,768
05
4,298
07
1,363
53
1,293
39
$161,600 90
112,568 11
$274,169 01
Conting't Prem's.
$312,155 21
101,264 16
$413,419 37
108,365 53
$305,053 84
$20,455,340 00 $301,033 75
MERRIMACK MUTUAL FIRE INSURANCE CO.
45
Miscellaneous.
Losses incurred during the year, .....
Profits or surplus returned during 1906, 20, 40 and 60 per cent.
,647 00
Schedule A. Stocks, Bonds, etc.,
Railroad Stocks.
60 shares Atchison, Topeka & Santa F6, common
51 " Atchison, Topeka & Santa Fe\ preferred
61 " Boston & Albany, common,
13 " Boston & Maine, common, .
25 " Norwich & Worcester, common, .
34 " Providence & Worcester, common,
7 " Union Pacific, preferred,
Bank and Trust Company Stocks.
4 shares Worcester Safe Deposit & Trust Co.,
Miscellaneous Stocks.
42 shares Worcester Electric Light Co.,
28 " Worcester Gas Light Co., .
Railroad Bonds.
Atchison, Top. & Santa Fe general mort. 4s, 1995
Atchison, Topeka & Santa Fe adjustment 4s, 1995
Bangor & Aroostook 4s, 1951, .
Buffalo & Susquehanna 4s, 1951,
Chicago, Cincinnati & Louisville 4Js, 1953,
Chicago, Rock Island & Pacific 4s, 1934,
Chicago & Western Indiana 4s, 1952,
Des Moines & Iowa Falls & Northern 5s, 1931,
North. Pac.-Gt. Northern (C. B. & Q. col.) 4s, 1921
Ottumwa, Cedar Falls & St. Paul 5s, 1909,
Ptoe Marquette 4s, 1951, ....
Pere Marquette 4s, 1943, ....
Southern Indiana 4s, 1951,
St. Lo., Iron Mt. & South. (R. & G. Br.) 4s, 1933,
Miscellan eous.
Church of Unity note, ....
OWNED BY THE COMPANY.
Book Value.
Rate.
Market Value.
$5,097
75
104*
$6,270 00
[, 2,224
44
99
5,049 00
11,695
00
239*
14,609 50
2,278
27
161
2,093 00
4,525
00
226
5,650 00
6,625
00
288
9,792 00
725
00
94
658 00
920
00
225
900 00
8,428
00
220
9,240 00
6,135
00
255
7,140 00
., 7,000
00
100
7,000 00
3,500
00
91f
3,211 25
9,700
00
96
9,600 00
4,950
00
96£
4,825 00
10,790
00
90
9,900 00
9,775
00
90
9,000 00
9,900
00
97
9,700 00
11,165
00
99
10,890 00
L, 3,551
25
96f
5,812 50
10,550
00
lOOf
10,075 00
4,775
00
86
4,300 00
4.750
00
90
4,500 00
14,100
00
92
13,800 00
9,525
00
92
9,200 00
750
00
100
750 00
$163,434
71
$173,965 25
MERRIMACK MUTUAL FIRE INSURANCE COMPANY, ANDOVER.
Incorporated Feb. 7, 1828. Commenced business April 8, 1828.
JOS. A. SMART, President. BURTON S. FLAGG, Secretary.
Permanent fund, $150,206 00
Income.
Net premiums, $112,942.55; extra premiums, $704.20, . . $113,646 75
Interest on mortgage loans, $4,893.71; stocks and bonds,
$4,651.38; all other, $40, 9,585 09
Dividends on reinsurance and return premiums, . . . 1,728 11
Total income, .
Ledger assets, Dec. 31, 1905, .
Total, . . . . .
Disbursements
Net amount paid for losses, .
Profits on terminated policies,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents, ......
$124,959 95
241,536 35
$366,496 30
$48,026 40
37,927 80
16,875 67
8,803 50
784 00
46
MERRIMACK MUTUAL FIRE INSURANCE CO.
Taxes and fees, .......
Loss on sale or maturity of ledger assets,
Adjusting,
Postage, . . . . .
Printing and maps, ......
Profit and loss, .......
Commissions carried in liabilities of preceding year, .
All other disbursements, . .
Total disbursements,
Balance, .......
Ledger Assets.
Mortgages, . .
Loan secured by collateral (15 shares Lawrence Gas Co.),
Stocks and bonds (schedule A),
Cash in banks and office, .....
Agents' balances,
Total ledger assets, . .
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $1,328.67; bonds, $1,264.57, .
Gross assets, . .
Assets not admitted.
Agents' balances over three months due, .
Book value of stocks and bonds over market value,
Total unadmitted assets,
Total admitted assets, ....
Liabilities.
Unpaid losses, $2,825 . 28 ; less reinsurance, $865 . 40,
Unearned premiums on outstanding risks,
Dividends due policy holders,
Due for return premiums, $392.20; reinsurance, $540.51,
All liabilities, except surplus, .
Surplus, . . . . . . . . .
Total liabilities, . . .
Risks and Premiums.
Amount. Cash Prem's.
Risks outs'ding Dec. 31, 1905, $28,027,977 00
$1,734
55
1,700
00
755
45
559
86
1,645
32
15
85
2,982
36
2,123
45
$123,934 21
$242,562 09
$101,542 00
2,100
00
113,500 00
8,262
21
17,157
88
$242,562 09
2,593 24
•
$245,155 33
$25 50
310 00
335 50
•
$244,819 83
51, "
$1,959 88
180,571 24
8,381 41
932 71
Risks written during 1906,
Total, .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
8,991,370 00
$37,019,347 00
8,899,769 00
,119,578 00
1,016,451 00
$400,166 09
126,175 73
$526,341 82
134,153 76
$392,188 06
14,916 65
$191,845 24
52,974 59
$244,819 83
Conting't Prem's.
$400,166 09
126,175 73
$526,341 82
134,153 76
$392,188 06
$27,103,127 00 $377,271 41
MIDDLESEX MUTUAL FIRE INSURANCE CO.
47
Miscellaneous.
Losses incurred during the year, ......
Profits or surplus returned during 1906, 20, 30, 40 and 60 per cent.
$43,263 00
Schedule A. Stocks and Bonds
Bank Stocks.
10 shares Andover National, .
15 " Lawrence National,
Municipal Bonds.
Andover, Mass., 4s, 1919-23-28,
Augusta, Me., 4s, 1934,
Cincinnati, O., 7s, 1908,
Cleveland, O., 4s, 1915,
Danvers, Mass., 4s, 1916,
Milton, Mass., 3£s, 1910,
North Andover, Mass., 4s, 1923,
Seattle, Wash., 5s, 1912, .
Westborough, Mass., 4s, 1908, .
Railroad Bonds.
Bangor & Aroostook 4s, 1951, .
Bangor & Aroostook equipment 5s, 1916,
Boston & Maine 4s, 1942,
Chicago, Burlington & Quincy 3^s, 1949,
Chicago, Milwaukee & St. Paul 5s, 1914,
Chicago & Northwestern 5s, 1929,
Chicago, Wisconsin & Minnesota 6s, 1916,
Illinois Central 3£s, 1951,
Lake Shore & Michigan Southern 4s, 1928,
New York Central & Hudson River 4s, 1934,
Old Colony 4s, 1925, ....
Miscellaneous Bonds.
Helena Water Co. 5s, 1910, . .
OWNED BY THE COMPANY.
Book Value. Rate. Market Value.
$1,000 00 115 SI, 150 00
1,500 00 115 1,725 00
15,000 00
5,000 00
4.000 00
3,000 00
10,000 00
3,000 00
10,000 00
5,000 00
10,000 00
3,000 00
2,000 00
2,000 00
3,000 00
5,000 00
4,000 00
5,000 00
3,000 00
2,000 00
2,000 00
10,000 00
5,000 00
$113,500 00
102*
104"
102i
101
101£
98|
102|
104^
100
96
100
103f
92
106f
106
113
98
98
97f
102*
40
15,375 00
5,200 00
4,090 00
3,030 00
10,150 00
2,962 50
10,237 50
5,225 00
10,000 00
00
00
00
00
50
00
00
2,880
2,000
2,075
2,760
5,337
4,240
5,650
2,940 00
1,960 00
1,952 50
10,250 00
2,000 00
$113,190 00
MIDDLESEX MUTUAL FIRE INSURANCE COMPANY, CONCORD.
Incorporated March 3, 1826. Commenced business March 29, 1826.
RICHARD F. BARRETT, President. ADAMS TOLMAN, Secretary.
Amount of permanent fund,
Income.
Net premiums, $180,251.35; extra premiums, $1,757.30, .
Interest on mortgage loans, $2,279.67; collaterals, $344.17
stocks and bonds, $21,639.61,
Rents, including company's own occupancy,
Profit on sale or maturity of ledger assets,
Dividends on reinsurance,
Total income, ...
Ledger assets, Dec. 31, 1905, ......
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,' .
$364,621 11
$182,008 65
24,263 45
1,255 00
6,480 00
627 96
$214,635 06
635,369 37
$850,004 43
,772 22
78,946 90
26,686 40
14,425 00
500 00
48
MIDDLESEX MUTUAL FIRE INSURANCE CO.
Repairs and expenses on real estate, ....
Real estate taxes, $472.03; other taxes and fees, $1,858.98,
Loss on sale or maturity of ledger assets,
Calendars, maps, inspections, adjustments, etc.,
Total disbursements, ......
Balance, ........
Ledger Assets.
Real estate, $25,747.80; mortgages, $44,500,
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, $998.15; bonds, $6,299.06; on collateral loans,
$85.67, .
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, .........
Liabilities.
Unpaid losses, .........
Unearned premiums on outstanding risks, . . . .
Dividends due policy holders, ......
Due for reinsurance, ........
All liabilities, except surplus, ......
Surplus, ......
Total liabilities, ........
$173 66
2,331 01
106 84
13,210 40
$183,152 43
$666,852 00
$70,247 80
6,900 00
537,887 96
27,885 65
23,930 59
$666,852 00
7,382 88
903 00
18,127 74
15,823 39
$709,089 01
$376 71
334,028 38
10,535 99
93 73
$345,034 81
364,054 20
$709,089 01
Risks and Premiums.
Amount.
Risks outs'ding Dec. 31, 1905, $44,302,054 00
Risks written during 1906, . 12,446,493 00
Cash Prem's. Conting't Prem's
$657,048 71 $657,048 71
191,788 66 191,788 66
Total, .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
,748,547 00
11,464,407 00
$45,284,140 00
615,847 00
837 37
174,431 16
,837 37
174,431 16
$674,406 21 $674,406 21
9,088 94
. $44,668,293 00 $665,317 27
Miscellaneous.
Losses incurred during the year, ......
Profits or surplus returned during 1906, 20, 30, 40 and 60 per cent.
$46,246 00
MIDDLESEX MUTUAL FIRE INSURANCE CO.
49
Schedule A. Securities held as Collateral.
Company's
Market Value.
$3,750 00
4,200 00 \
2,250 00 J
1,996 00
25 shares American Powder Mills,
35 " Putnam Water Co., .
25 " Knoxville Water Co., preferred,
American Bell Telephone Co. bonds, .
$12,196 00
Loaned
Thereon.
$2,300 00
4,000 00
600 00
$6,900 00
Schedule B. Stocks and Bonds owned by the Company.
Railroad Stocks.
57 shares Boston & Albany, .
100 " Fitchburg,
Bank Stocks.
33 shares Concord National, . . . .
Miscellaneous Stocks.
244.8 shares The Pullman Co., .
State and Municipal Bonds.
Belmont, Mass., 3*s, 1912-13-14,
Cambridge, Mass., 4s, 1913, .
Concord, Mass., 3*s, 1907-9, .
Concord, Mass., 4s, 1907-10,
Holyoke, Mass., 4s, 1927, .
Massachusetts 3s, 1930, .-.-....
Medford, Mass., 4s, 1920,
New Britain, Conn., 4s, 1936,
Pawtucket, R. I., 4s, 1910, .
Pawtucket, R. I., 4s, 1929, . . . .
Toledo, O., 4*s, 1914, ......
Woburn, Mass., 4s, 1907-8, .
Railroad Bonds.
Atchison, Topeka & Santa F6 gen. mtge. 4s, 1995,
Boston & Albany 4s, 1913,
Boston & Lowell 4s, 1913,
Boston & Lowell 3*s, 1923,
Boston & Lowell 4s, 1907,
Boston & Maine 4*s, 1944,
Burlington & Missouri River 4s, 1910,
Chicago, Burlington & Quincy 4s, 1921,
Chicago, Burlington & Quincy 3*s, 1949,
Chicago Junct. & Union Stock Yards Co. 4s, 1940
Chicago Northw. (Boyer Valley Div.) 3*s, 1923,
Cincinnati, Hamilton & Dayton 5s, 1942,
Cleveland & Pittsburg 3*s, 1948,
Cleveland & Pittsburg 3*s, 1950,
Concord & Montreal 4s, 1920, .
Connecticut & Passumpsic 4s, 1943,
Eastern of Minnesota 5s, 1908, .
Erie & Pittsburg 3*s, 1940,
Hamilton Ontario Street 4*s, 1928,
Lake Shore & Michigan Southern 3*s, 1997,
Long Island (North Shore Branch) 5s, 1932,
Mohawk & Malone 4s, 1991, .
Narra°;ansett Pier 4s, 1916,
New York Central & Hudson River 3*s, 1997,
New York, New Haven & Hartford 3*s, 1947,
New York, Ontario & Western 4s, 1992,
New York, Providence & Boston 4s, 1942, .
Norwich & Worcester 4s, 1927, .
Old Colony 4s, 1925, ....
Portland & Ogdensburg 5s, 1908,
St. Paul, Minneapolis & Manitoba 4*s, 1933,
Sioux City & Pacific 3*s, 1936, .
Southern Pacific of New Mexico 6s, 1911, .
Terminal Association of St. Louis 4*s, 1939,
United Trac. & Elec. of Providence, R. I., 5s, 1933
West End Street 4s, 1915, . . .
West End Street 4s, 1932,
Book Value.
$5,757 75
8,660 00
3,300 00
25,206 65
5,000 00
20,000 00
4,069 12
5,025 00
10.950 00
10,137 50
5,356 25
6,225 00
10,487 50
10,450 00
10,000 00
4,007 50
1,900 00
10,557 50
15,500 00
5,006 25
3,003 75
11,775 00
16,495 00
5,043 19
3,000 00
10,250 00
10,225 00
10,100 00
21,000 00
10,575 00
25,150 00
26,600 00
10,712 50
10,400 00
10,350 00
10,912 50
5,762 50
11,062 50
10,375 00
4,587 50
15,262 50
10,475 00
10,750 00
10,575 00
5,262 50
21,200 00
11,225 00
9,650 00
5,412 50
11,450 00
11,262 50
5,162 50
5,225 00
$537,887 96
Rate.
239*
133
150
182
98f
100|
99J
100
103*
92£
102
102*
100
1011
103i
100
100
101
100*
96f
100
112
99*
96*
92
98
94*
106
96*
96
101i
103*
100
96
98
94*
110
103
100
93J
91
100
103
102f
102*
100*
110
92i
105
109
108*
1001
102
Market Value.
$13,651 50
13,300 00
4,950 00
44,553 60
4,918 75
20,175 00
3,990 00
5,000 00
10,350 00
9,287 50
5,100 00
6,127 50
10,000 00
10,187 50
10,325 00
4,000 00
2,000 00
10,100 00
15,075 00
4,818 75
3,000 00
11,200 00
16,915 00
4,843 75
3.680 00
9,800 00
9,450 00
10,600 00
19,300 00
9,600 00
25,312 50
25,968 75
10,000 00
9,600 00
9,800 00
9,450 00
5,500 00
10,300 00
10,000 00
4,662 50
13,650 00
10,000 00
10,300 00
10,275 00
5,125 00
20,100 00
11,000 00
9,225 00
5,250 00
10,900 00
10,850 00
5,043 75
5,100 00
$553,711 35
50 MUTUAL FIRE ASSURANCE CO.
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, $20,938.75; extra premiums, $236.78, . . $21,175 53
Interest on mortgage loans, $1,969.62; stocks and bonds, $6,-
898.75; allother, $474.07, ._ . . .. . 9,342 44
Liquidation of First and Second National Banks, Springfield, . 7,500 00
Total income, . $38,017 97
Ledger assets, Dec. 31, 1905, 202,230 28
Total, $240,248 25
Disbursements.
Net amount paid for losses, ....... $1,520 86
Profits on terminated policies, ....... 18,224 24
Salaries, fees, etc., of officers and employees, .... 4,523 00
Rents, 500 00
Taxes and fees, 178 01
Reduction in book value of securities, ..... 754 00
All other disbursements, ....... 746 92
Total disbursements, ......
Balance, . . .
Ledger Assets.
Mortgages, $45,200 00
Stocks and bonds (schedule A), . . . ...
Cash in banks and office, ......
Total ledger assets, ......
Non-Ledger Assets.
Interest due and accrued: — -,^
On mortgages, $639.10; bonds, $1,046.24, . x .
Market value of stocks and bonds over book value, . . .
Gross assets, ........
Liabilities.
Unearned premiums on outstanding risks,
Dividends due policy holders, ....
All liabilities, except surplus, .....
Surplus, .........
$26,447 03
$213,801 22
$45,200 00
149,684 61
18,916 61
$213,801 22
1,685 34
27,731 14
$243,217 70
$52,204 08
263 56
$52,467 64
190,750 06
Total liabilities, $243,217 70
MUTUAL PROTECTION FIRE INSURANCE CO.
51
Risks outs'ding Dec. 31, 1905,
Risks written during 1906,
Total, .
Risks expired and terminated,
In force at end of year, .
Risks and Premiums.
Amount.
$6,299,675 00
1,255,375 00
$7,555,050 00
1,278,975 00
Cash Prem's.
$103,663 32
20,938 75
Conting't Prem's.
$103,663 32
20,938 75
$124,602 07 $124,602 07
20,230 38 20,230 38
5,276,075 00 $104,371 69 $104,371 69
Miscellaneous.
Losses incurred during the year, . . . . . . $1,521 00
Profits or surplus returned during 1906, 90 per cent.
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
100 shares Boston & Albany,
69 " Chicago, Burlington & Quincy, .
20 " Holyoke & Westfield, . ' .
269 " New York Central & Hudson River,
Bank Slocks.
25 shares Chapin National, Springfield,
61 " Chicopee National, Springfield, .
50 " Hadley Falls National, Holyoke,
10 " Monson National, . .
50 " National Bank of Commerce, Boston,
25 " Springfield National,
Railroad Bonds.
Boston & Albany 4s, 1913,
Chesapeake & Ohio 5s, 1939,
Chicago, Burlington & Quincy 3^s, 1949,
Connecticut River 3^s, 1923,
Detroit Southern (Ohio Southern Div.) 4s, 1941,
Holyoke Street 5s, 1915,
Illinois Central, purchased lines, 3^s, 1952,
N. Y. Cent. & Hud. River (Lake Shore) 3£s, 1998
New York, New Haven & Hartford 4s, 1955,
Philadelphia, Wilmington & Baltimore 4s, 1932,
Reading (Jersey Central) 4s, 1951,
Southern equipment certificate 4^s, 1908-21,
Springfield Street 4s, 1923,
Vermont Valley 5s, 1910, .
Woronoco Street 5s, 1920,
Miscellaneous Bonds.
American Telephone & Telegraph Co. 4s, 1929,
Book Value.
Rate.
Market Value.
$14,073
25
239^
$23,950 00
8,364
85
202
13,938 00
3,740
00
200
4,000 00
31.050
92
131
35,239 00
2,875
00
120
3,000 00
6,100
00
155
9,455 00
5,050
00
138
6,900 00
1,000
00
123
1,230 00
5;000
00
156
7,800 00
3,000
00
205
5,125 00
10,650
00
101
10,100 00
4,040
00
116
4,640 00
3,805
00
92
3,680 00
2,030
00
96
1,920 00
3,300
00
83f
2,512 50
6,300
00
106
6,360 00
2,801
25
91
2,730 00
8,000
00
86i
6,900 00
3,052
50
•101*
3,037 50
4,040
00
102*
4,100 00
2,865
00
95*
2,865 00
3,000
00
97
2,910 00
3,064
84
100
3,000 00
4,200
00
102
4,080 00
5,312
00
104f
5,243 75
2,970
00
90
2,700 00
$149,684
61
$177,415 75
MUTUAL PROTECTION FIRE INSURANCE COMPANY,
CHARLESTOWN.
Incorporated April 10, 1861. Commenced business July 15, 1864.
GEO. H. PENDERGAST, President. FRANK V. NOYES, Secretary.
Office, Thompson Square.
Amount of permanent fund, ....... $52,639 30
Income.
Net premiums, $45,739.28; extra premiums, $267.23, . . $46,006 51
Interest on mortgage loans, $1,910.95; collaterals, $437.50;
stocks and bonds, $2,159.81; allother, $759.65, . . . 5,267 91
52
MUTUAL PROTECTION FIRE INSURANCE CO.
Profit on sale or maturity of ledger assets,
Return premiums and dividends on reinsurance,
Total income, ......
Ledger assets, Dec. 31, 1905, . . .
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, ......
Liquidation of the Monument National Bank, .
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, ......
Deposited in savings banks, ....
Total ledger assets, ....
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $984 . 39 ; bonds, $224 . 58 ; collateral loans,
Market value of stocks and bonds over book value, .
Furniture, fixtures and supplies, ....
Gross assets, .'-'".
Assets not admitted.
Furniture, fixtures, safes, stationery and all other
supplies, ........
Agents' balances over three months due, .
Total unadmitted assets, ....
Total admitted assets, ....
Liabilities.
Unpaid losses, $3,005.37; less reinsurance, $1,000,
Unearned premiums on outstanding risks,
Dividends due policy holders,
All liabilities, except surplus, .
Surplus, .......
Total liabilities, .....
$377 27
1,081 93
$52,733 62
129,002 77
$181,736 39
$14,557 43
14,461 38
6,992 40
9,000 00
925 00
474 18
192 00
3,713 25
$50,315 64
$131,420 75
$39,800 00
10,000 00
51,166 54
5,998 74
4,772 93
19,682 54
•
$131,420 75
ns, $180.75,
1,389 72
747 84
3,000 00
.
$136,558 31
$3,000 00
190 32
3,190 32
$133,367 99
$2,005 37
58,352 16
1,109 40
$61,466 93
71,901 06
$133,367 99
NEWBURYPORT MUTUAL FIRE INSURANCE CO. 53
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outs'ding Dec. 31, 1905, $6,574,212 00 $109,913 25 $109,913 25
Risks written during 1906, . 3,007,625 00 53,344 99 53,344 99
Total, .... $9,581,837 00 $163,258 24 $163,258 24
Risks expired and terminated, 2,457,615 00 43,205 38 43,205 38
In force at end of year, . . $7,124,222 00 $120,052 86 $120,052 86
Amount reinsured, . . 634,074 00 10,183 61
Net amount in force, . $6,490,148 00 $109,869 25
Miscellaneous.
Losses incurred during the year, ...... $16,099 00
Profits or surplus returned during 1906, 20, 40 and 70 per cent.
Schedule A. Securities held as Collateral.
Company's Loaned
Market Value. Thereon.
150 shares Copper Range, $12,450 00 ]
5 " New York, New Haven & Hartford, . . 950 00 I «Mnnnnnn
Copper Range 5s, 4,365 00 f ®10>000 00
Lamson Store Service 5s, . . . . . . 1,000 00 J
$18,765 00 $10,000 00
Schedule B. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value. Rate. Market Value.
5 shares Atch., Topeka & Santa Fe, preferred, . $255 00 99 $495 00
20 " New York Central, . . . . 2,673 13 131 2,620 00
13 " New York, New Haven & Hartford, . 2,719 00 190£ 2,476 50
186 " Pennsylvania, 12,789 38 138| 12,868 88
Bank Stocks.
20 shares National Bank of Republic, Boston, . 2,570 00 164 3,280 00
Miscellaneous Stocks.
54 shares American Telephone & Telegraph Co., . 7,835 00 133£ 7,209 00
31 " Charlestown Gas & Electric Co., . 2,263 00 250 3,875 00
Bonds.
Massachusetts 3£s, 1931, 10,168 00 lOOf 10,075 00
New York, New Haven & Hartford 3£s, 1954, . 2,915 83 90£ 2,715 00
American Telephone & Telegraph Co. 4s, 1929, . 6,978 20 90 6,300 00
$51,166 54 $51,914 38
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, $3,128 05
Interest on mortgage loans, $27 . 03 ; stocks and bonds, $1,624 . 14 ;
allother, $210.15, 1,86132
Rents, 112 50
54 NEWBURYPORT MUTUAL FIRE INSURANCE CO.
Profit on sale or maturity of ledger assets,
Borrowed money, ........
Policy fees, .........
Overdraft, .........
Total income, .......
Ledger assets, Dec. 31, 1905, . . . . . .
Total, . . . .
Disbursements.
Net amount paid for losses, ....
Profits on terminated policies,
Salaries, fees, etc., of officers and employees,
Rents,
Taxes and fees,
Profit and loss,
Borrowed money,
Interest,
All other disbursements, ....
Total disbursements, ....
Balance, ......
Ledger Assets.
Stocks and bonds (schedule A),
Cash in office, ......
Deposits in savings banks, ....
Furniture, .......
Total ledger assets, ....
Non-Ledger Assets.
Interest due and accrued on bonds,
Market value of stocks and bonds over book value,
Gross assets, ......
Assets not admitted.
Furniture, . .
Total admitted assets,
Liabilities.
Unpaid losses, .....
Unearned premiums on outstanding risks,
Dividends due policy holders,
Overdraft, ......
All liabilities, except surplus, .
Surplus, .
Total liabilities,
$1,014 33
100 00
119 15
114 15
$6,449 50
39,103 98
$45,553 48
$56 96
2,977 14
685 14
200 00
29 95
4 68
100 00
34 53
81 56
$4,169 96
$41,383 52
$36,146 00
3 18
5,184 34
50 00
$41,383 52
$293 31
1,540 38
$43,217 21
50 00
$43,167 21
$4 67
6,192 99
56 00
114 15
$6,367 81
36,799 40
$43,167 21
NORFOLK MUTUAL FIRE INSURANCE CO.
55
Risks outs'ding Dec. 31, 1905,
Risks written during 1906,
Total, . .
Risks expired and terminated,
In force at end of year, .
Risks and Premiums.
Amount. Cash Prem's.
$782,360 00 $11,852 55
205,610 00 3,154 15
Conting't Prem's.
$47,410 20
12,616 60
$987,970 00
198,860 00
$789,110 00
$15,006 70 $60,026 80
3,038 90 12,155 60
$11,967 80
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1906, 100 per cent.
$47,871 20
$62 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
10 shares Atch., Topeka & Santa F6, common,
1 share Atch., Topeka & Santa Fe, preferred,
24 shares Boston & Maine, common, .
5 " Chic. Jt. & Union Stock Yds., preferred
9 " Chic, Milwaukee & St. Paul, preferred,
10 rights Chic, Milwaukee & St. Paul,
2 shares Chic, Milwaukee & St. Paul, common,
Subscription to new stock Chic, Mil. & St. Paul
9 shares New York Central & Hudson River,
N. Y. Cent. & Hudson River fractional scrip,
Bank Stocks.
100 shares Merchants National, Newburyport,
31 " Ocean National, Newburyport, .
4 " State National, Boston,
Miscellaneous Stocks.
8 shares Mich. State Telephone Co., common,
4 " Mich. State Telephone Co., preferred,
21 " Riverbank Court Hotel Co.,
10 " United States Rubber Co., preferred,
10 " Western Union Telegraph Co., .
5 " Westinghouse Electric Co., assenting,
10 " Westinghouse Electric Co., preferred,
Municipal Bonds.
Meriden, Conn., 3^s, 1915,
Newport News, Va., 4s, 1941,
South Bend, Ind., 3|s, 1912,
Railroad Bonds.
Central Vermont 4s, 1920,
Penobscot Shore Line 4s, 1920,
Wabash equipment 4^s, 1916, .
Miscellaneous Bonds.
American Telephone & Telegraph Co. 4s, 1929.
Mich. State Telephone & Telegraph Co. 5s, 1924,
Minneapolis General Electric 5s, 1934,
New England Cotton Yarn Co. 5s, 1929, .
Western Telephone & Telegraph Co. 5s, 1932,
Westinghouse Convertible 5s, 1931,
Book Value.
Rate.
Market Value.
$800
00
104i
$1,045 00
100
00
99
99 00
4,260
00
161
3,864 00
L, 625
00
120
600 00
1,350
00
162f
1,464 75
33^
335 00
200
00
148£
297 75
I, 70
00
100
70 00
1,100
00
131
1,179 00
60
00
100
60 00
2,000
00
120
2,400 00
1,550
00
112
1,736 00
420
00
149
596 00
120
00
38
304 00
400
00
91
364 00
2,000
00
85
1,785 00
500
00
107|
1,072 50
1,000
00
84
840 00
375
00
157f
394 38
750
00
170
850 00
1,000
00
97f
977 50
2,000
00
100
2,000 00
1,000
00
98f
988 75
1,600
00
86
1,720 00
2,000
00
99
1,980 00
961
00
96|
963 75
1,955
00
90
1,800 00
1,000
00
99
990 00
1,000
00
104
1,040 00
1,000
00
100
1,000 00
3,000
00
99
2,970 00
1,950
00
95
1,900 00
$36,146
00
$37,686 38
NORFOLK MUTUAL FIRE INSURANCE COMPANY, DEDHAM.
Incorporated Feb. 12, 1825. Commenced business July 1, 1825.
JAMES Y. NOYES, President. THEODORE T. MARSH, Secretary.
Amount of permanent fund, - . . . . . $334,201 14
56 NORFOLK MUTUAL FIRE INSURANCE CO.
Income.
Net premiums, .........
Interest on mortgage loans, $1,299.50; stocks and bonds, $24,-
263.37; all other, $263,
Rents, ..........
Profit on sale or maturity of ledger assets, ....
Increase in book value of securities,
Lombard Investment Company, ......
Total income, ........
Ledger assets, Dec. 31, 1905, .......
Total,
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, $232.90; other taxes and fees, $827.81,
Loss on sale or maturity of ledger assets,
Reduction in book value of securities, .
All other disbursements, ......
Total disbursements, ......
Balance, ........
Ledger Assets.
Real estate, $15,000; mortgages, $24,350,
Stocks and bonds (schedule A), . .
Cash in banks and office, ......
Agents' balances, ........
Total ledger assets, ......
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $426.32; bonds, $6,352.38, .
Rents due on company's property, .
Market value of stocks and bonds over book value, .
Gross assets, ........
Liabilities.
Unpaid losses (resisted) , ......
Unearned premiums on outstanding risks.
Dividends due policy holders, .
Due for return premiums, ......
All liabilities, except surplus, .
Surplus, .........
Total liabilities, .......
$77,145 97
25,825
87
900
00
37
90
1,680
00
285
00
$105,874 74
660,815 93
$766,690 67
$16,584 27
44,050 82
11,697 68
6,629 81
465
54
1,060
71
226
25
17,965
40
2,312
56
$100,993 04
$665,697 63
$39,350 00
606,962 00
11,539 64
7,845 99
$665,697 63
6,778
70
412
50
140 00
$673,028 83
$1,200 00
176,713 62
6,494 06
418
50
$184,826
488,202
18
65
$673,028 83
NORFOLK MUTUAL FIRE INSURANCE CO.
57
Risks outs'ding Dec. 31, 1905,
Risks written during 1906,
Risks and Premiums.
Amount.
$24,899,128 00
5,585,081 00
Cash Prem's.
$356,144 37
81,390 73
Conting't Prem's.
$356,144 37
81,390 73
Total, .... $30,484,209 00 $437,535 10 $437,535 10
Risks expired and terminated, 5,285,624 00 77,443 21 77,443 21
In force at end of year,
$25,198,585 00 $360,091 89 $360,091 89
Miscellaneous.
Losses incurred during the year, .....
Profits or surplus returned during 1906, 25, 50 and 70 per cent.
$16,584 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
100 shares Atch., Topeka & Santa Fe, commoD,
213 " Atch., Topeka & Santa Fe, preferred,
125 " Boston & Albany, .
75 " Boston & Lowell,
20 " Boston & Providence,
100 " Old Colony,
60 " Union Pacific, preferred,
Miscellaneous Stocks,
80 shares Dedham Water Co., .
Municipal Bonds.
Boston, Mass., 4s, 1921r .
Boston, Mass., 4s, 1923, .
Chelsea, Mass., 4s, 1936, .
Chicago, 111., 4s, 1922,
Fall River, Mass., 4s, 1929,
Lawrence, Mass., 4s, 1917,
Lynn, Mass., 4s, 1926,
Lynn, Mass., 4s, 1929,
Newton, Mass., 4s, 1915, .
Newton, Mass., 4s, 1920, .
Newton, Mass., 4s, 1924, .
Newton, Mass., 4s, 1928, .
North Andover, Mass., 4s, 1923,
Salem, Mass., 4s, 1914,
Taunton, Mass., 4s, 1928,
Taunton, Mass., 4s, 1914,
Railroad Bonds.
Atch., Top. & Santa Fe general mortgages 4s, 1995,
Atch., Topeka & Santa Fe adjustment 4s, 1995,
Boston & Albany 3^s, 1952,
Boston & Lowell 4s, 1913,
Boston & Lowell 4s, 1932,
Boston & Maine 4s, 1942,
Boston & Maine 4$s, 1944:
Boston & Providence 4s, 1918,
Boston, Revere Beach & Lynn 4^s, 1927, .
Chic, Burl. & Quincy (111. Div.) 4s, 1949, .
Chicago, Burl. & Quincy (la. Div.) 4s, 1919,
Concord & Montreal 4s, 1920, .
Connecticut & Passumpsic 4s, 1943,
Dexter & Newport 4s, 1917,
Fitchburg 4s, 1915, .
Fitchburg 4s, 1927, .
Fremont, Elkhorn & Missouri Valley 6s, 1933,
Grand Avenue, Kansas City, 5s, 1908,
Illinois Central 3£s, 1951,
Maine Central 4^s, 1912, .
Maine Central 5s, 1923, ....
Newport & Richford 5s, 1911, .
New York, New Haven & Hartford 4s, 1947,
Book Value.
Rate.
Market Value..
$10,300
00
104$
$10,450 00
21,087
00
99
21,087 00
30,000
00
239$
29,937 50
17,400
00
231
17,325 00
6,000
00
298
5,960 00
19,800
00
198
19,800 00
5,580
00
94
5,640 00
8,960
00
110
8,800 0G
13,325
00
102f
13,357 50
2,060
00
103
2,060 00
10,500
00
104$
10,425 00
5,056
25
101$
5,056 25
2,080
00
103f
2,075 00
5,100
00
102|
5,106 25
11,330
00
103f
11.371 25
8,320
00
103f
8,300 00
1,020
00
lOlf
1,017 50
2,060
00
102|
2,052 50
8,300
00
103$
8,260 00
4,170
00
103f
4,150 00
6,180
00
102|
6,142 50
5,075
00
101$
5,075 00
6,210
00
103f
6,217 50
4,060
00
101$
4,050 00
i, 22,500
00
100
22,500 00
11,040
00
91|
11,010 00
19,000
00
95|
19,150 00
5,050
00
100$
5,025 00
10,325
00
1031
10,325 00
14,350
00
103f
14,525 00
22,500
00
112
22,400 00
20,400
00
101$
20,300 00
10,800
00
107$
10,750 00
10,125
00
102$
10,212 50
14,185
00
100
14,000 00
10,100
00
101$
10,125 00
5,125
00
1031
5,193 75
6,000
00
100
6,000 00
5,025
00
lOOf
5,037 50
20,200
00
101$
20,300 00
6,750
00
134
6,700 00
5,000
00
100
5,000 00
46,000
00
98
4,900 00
10,300
00
102$
10,225 00
5,600
00
111
5,550 00
15,450
00
103|
15,543 75
19,285
00
101
19,190 00
58
PAPER MILL MUTUAL INSURANCE CO.
No. Pac.-Gt. North, joint (C. B. & Q. col.) 4s, 1921,
Norwich & Worcester 4s, 1927,
Old Colony 4s, 1925,
Old Colony 4s, 1938,
Old Colony 3£s, 1932,
Oregon Short Line 6s, 1922,
Philadelphia & Reading 7s, 1911,
Portland & Rumford Falls 4s, 1926,
Union Pacific 4s, 1947,
Book Value.
$21,340 00
20,550 00
19,403 75
17,637 50
4,800 00
12,100 00
8,880 00
10,000 00
4,567 50
$606,962 00
Rate.
961
102|
102^
103f
95
1211
1124,
100
102
Market Value.
$21,312 50
20,550 00
19,475 00
17,616 25
4,750 00
12,150 00
8,980 00
10,000 00
4,590 00
$607,102 00
PAPER MILL MUTUAL INSURANCE COMPANY, BOSTON.
Incorporated November, 1886. Commenced business April 1, 1887.
R. W. TOPPAN, President. D. W. LANE, Secretary.
Office, 81 Milk Street.
Income.
Net premiums, $147,456 03
Interest on bonds, $4,448.67; all other, $303.08, . . .. 4,75175
Total income, $152,207 78
Ledger assets, Dec. 31, 1905, 141,592 35
Total, . $293,800 13
Disbursements.
Net amount paid for losses, . . . . . . . $4,914 04
Profits on terminated policies, ...... 124,849 22
Salaries, fees, etc., of officers and employees, .... 6,069 75
Rents, 360 00
Taxes and fees, ......... 1,363 28
Inspections, .......... 2,346 12
All other disbursements, ....... 657 75
Total disbursements, . . . . . . . $140,560 16
Balance, $153,239 97
Ledger Assets.
Bonds (schedule A), $138,528 75
Cash in banks and office, . . . . . . . 13,536 69
Premiums in course of collection, . . . . . . 1,174 53
Total ledger assets, ... ... $153,239 97
Non-Ledger Assets.
Interest due and accrued on bonds, . . . . . . 1,600 00
Gross assets, $154,839 97
Assets not admitted.
Book value of bonds over market value, ..... 2,103 75
$152,736 22
Total admitted assets,
Unpaid losses,
Liabilities.
$300 00
QUINCY MUTUAL FIRE INSURANCE CO.
59
Unearned premiums on outstanding risks,
Taxes, ......
All liabilities, except surplus, .
Surplus, ......
Total liabilities, ....
$73,267 18
449 36
$74,016 54
78,719 68
$152,736 22
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outs'ding Dec. 31, 1905, .$17,378,397 00 $136,744 76 $683,723 80
Risks written during 1906,
Total, .
Risks expired and terminated
In force at end of year, .
20,047,006 00
$37,425,403 00
18,545,918 00
155,059 50 775,297 50
$291,804 26
145,269 91
,459,021 30
726,349 55
$18,879,485 00 $146,534 35 $732,671 75
Miscellaneous.
Losses incurred during the year, ......
Profits or surplus returned during 1906, 90.69 per cent.
Schedule A. Bonds owned by the Company.
Municipal Bonds.
Boston, Mass., 3*s, 1932, .
Boston, Mass., 3*s, 1933, .
Newton, Mass., 4s, 1922, .
Railroad Bonds.
Boston & Albany 4s, 1913,
Boston Elevated 4s, 1935,
Boston & Lowell 4s, 1916,
Boston & Maine 4*s, 1944,
Chicago Junction & Union Stock Yard 4s, 1940,
Chicago, Burlington & Quincy 4s, 1922,
Cincinnati, Sandusky & Cleveland 5s, 1928,
Concord & Montreal 4s, 1920, .
Fitchburg 4s, 1927, ....
Maine 'Central 5s, 1923, . .
Mohawk & Malone 4s, 1991,
N. Y. Cent. & Hud. R. (Lake Shore col.) 3*s, 1998
New York, New Haven & Hartford 4s, 1954,
Pennsylvania 5s, 1919,
Portland & Ogdensburg 5s, 1908,
West End Street 4s, 1915,
West End Street 4s, 1932,
Miscellaneous Bonds.
American Bell Telephone 4s, 1908,
American Telephone & Telegraph 4s, 1929,
Book Value.
$5,150 00
10,125 00
5,170 00
10,150 00
20,600 00
5,100 00
5,480 00
4,950 00
5,000 00
5,075 00
5,200 00
•5,350 00
5,140 00
5,300 00
4,993 75
5,250 00
5,180 00
5,000 00
5,090 00
5,225 00
5,000 00
5,000 00
$138,528 75
Rate.
96i
96
103
101
102
101
112
98
991
lllf
101i
101*
111
103
86i
1011
109
100*
lOOf
102
90
L,764 00
Market Value.
$4,806 25
9,600 00
5,150 00
10,100 00
20,400 00
5,050 00
5,600 00
4,900 00
4,993 75
5,568 75
5,062 50
5,075 00
5,550 00
5,150 00
4,312 50
5,062 50
5,450 00
5,025 00
5,043 75
5,100 00
4,925 00
4,500 00
$136,425 00
QUINCY MUTUAL FIRE INSURANCE COMPANY, QUINCY.
Incorporated March 22, 1851. Commenced business May, 1851.
CHARLES A. HOWLAND, President. WM. H. FAY, Secretary.
Amount of permanent fund, . . . . . . $350,000 00
Income.
Net premiums, $153,661.18; extra premiums, $1,121.23, . . $154,782 41
Interest on mortgage loans, $4,735.26; collaterals, $10,704.83;
stocks and bonds, $12,216.50; all other, $2,337.63, . . 29,994 22
60
QUINCY MUTUAL FIRE INSURANCE CO.
Rents, .........
Profit on sale or maturity of ledger assets,
Total income, .......
Ledger assets, Dec. 31, 1905, ......
Total,
Disbursements.
Net amount paid for losses, .
Profits on terminated policies,
Commissions or brokerage, ......
Salaries, fees, etc., of officers and employees,
Real estate taxes, $851.36; other taxes and fees, $2,585.38,
Printing and stationery, ......
All other disbursements, ......
Total disbursements, ....
Balance, ......
Ledger Assets.
Real estate, $20,433.30; mortgages, $85,050, .
Loans secured by collateral (schedule A),
Stocks, bonds, etc. (schedule B), .
Cash in banks and office, ....
Agents' balances, . . . . . .
Total ledger assets, .......
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $835.47; bonds, $1,833.75; on collateral loans,
$706.22; other assets, $48.85, . . ' .
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, ......
Salaries and other miscellaneous expenses, due or accrued,
All liabilities, except surplus, ......
Surplus, ..........
Total liabilities, . . .
Risks and Premiums.
Amount. Cash Prem's.
Risks outs'ding Dec. 31, 1905, $32,969,749 00 $487,713 87
Risks written during 1906, . 10,159,138 00 157,052 56
$935 40
8,551 03
Total, .... $43,128,887 00 $644,766 43
Risks expired and terminated, 9,687,858 00 146,945 39
$194,263 06
688,385 55
$882,648 61
$47,237 70
61,931 44
23,869 46
16,713 63
3,436 74
3,596 58
4,121 31
$160,906 86
$721,741 75
$105,483 30
160,200 00
405,678 36
36,796 92
13,583 17
$721,741 75
3,424 29
90 64
6,566 70
28,771 14
$760,594 52
$30 00
251,045 67
3,800 00
354 00
$255,229 67
505,364 85
$760,594 52
Conting't Prem's.
$487,713 87
157,052 56
$644,766 43
146,945 39
In force at end of year, .
$33,441,029 00 $497,821 04 $497,821 04
QUINCY MUTUAL FIRE INSURANCE CO.
61
Miscellaneous.
Losses incurred during the year, ......
Profits or surplus returned during 1906, 20, 40 and 60 per cent.
Schedule A. Securities held as Collateral.
Tacoma Gas Light Co. 5s,
Central Pennsylvania Coal Co. 5s,
Tacoma Gas Light Co. 5s,
East Pittsburg, Pa., 4^s and 5s,
Peoria & Pekin Terminal Railway Co.,
144 shares National Granite Bank,
175 " N. E. Dressed Meat & Wool Co.,
100 " Northern Packing & Provision Co.,
Mortgage note, .....
24 shares New England Telephone & Telegraph Co.,
300 " Quincy Electric Light & Power Co.,
360 " Swift & Co., ....
$47,268 00
Company's
Loaned
Market Value.
Thereon.
$3,900 00 \
8,075 00 /
$10,000 00
2,925 00 )
10,200 00 \
20,000 00
9,500 00 J
21,600 00
17,700 00
26,250 00
7,500 00
10,000 00
7,500 00
50,000 00
35,000 00
2,976 00
2,500 00
31,800 00
30,000 00
36,000 00
30,000 00
$213,226 00
$160,200 00
Schedule B. Stocks, Bonds, etc.,
Railroad Stocks.
11 shares Old Colony, . .
52 " Southeastern Electric, preferred,
196 " Southeastern Electric, common,
Bank Stocks.
100 shares Brockton National, .
250 " Commonwealth Trust Co., Boston,
32 " First National, South Weymouth,
30 " Freemans' National, Boston,
40 " Hingham National, .
40 " Merchants' National, Boston,
329 * Mt. Wollaston National, Quincy,
48 " National Granite, Quincy,
20 " Old Colony National, Plymouth,
29 " Plymouth National, .
88 " Rockland National, Boston,
87 " Second National, Boston, .
60 " State National, Boston,
50 " State St. Safe Dep. & Tr. Co., Boston,
50 " Wachusett National, Fitchburg,
Miscellaneous Stocks.
13 shares Decatur Water Works Co.,
178 " Lawrence Duck Co.,
32 " Michigan State Telephone Co., .
State and Municipal Bonds.
Framingham, Mass., 5^s, note, .
Massachusetts 3s, 1930, ....
Providence, R. I., 3s, 1930, . .
Quincy, Mass., 4s, notes, ....
Railroad Bonds.
Granite Railway 6% note,
No. Pac. & Gt. North. (C, B. & Q. col.) 4s, 1921,
Taunton & Buzzards Bay St. Railway 6% note,
Taunton & Pawtucket Street Railway 6% note,
Miscellaneous Bonds, etc.
E. W. Baxter, et al., 6% note, .
Decatur Water Works 5s, 1915,
Dennison Cotton Mills 6% note,
Lawrence Duck Co. 6£% note, .
Michigan State Telephone Co. 5s, 1924,
Quincy Electric Light & Power Co. note,
Quincy Real Estate trust note, .
OWNED BY THE COMPANY.
Book Value. Rate. Market Value.
$1,100 00 198 $2,178 00
5,000 00 -
10,000 00
37,500 00
3,538 75
3,510 00
5,639 25
6,040 00
40,490 75
6,295 75
2,300 00
3,433 00
12,056 00
15,056 00
8,792 88
5,000 00
10,000 00
350 00
17,800 00
1,605 00
20,000 00
48,187 50
19,050 00
25,000 00
10,000 00
24,033 48
750 00
750 00
5,000 00
2,900 00
10,000 00
15,000 00
8,000 00
10,000 00
11,500 00
$405,678 36
125
180
100
117
112J
210
120
151
110
115
170
225
149
208
100
75
38
100
92$
90
100
100
96£
100
100
100
20
100
100
99
100
100
12,500 00
45,000 00
3,200 00
3,510 00
4,500 00
8,400 00
39,480 00
7,248 00
2,200 00
3,335 00
14,960 00
19,575 00
8,940 00
10,400 00
5,000 00
13,350 00
1,216 00
20,000 00
46,437 50
18,000 00
25,000 00
10,000 00
46,500 00
750 00
750 00
5,000 00
2,600 00
10,000 00
15,000 00
7,920 00
10,000 00
11,500 00
$434,449 50
62 RUBBER MANUFACTURERS' MUTUAL INSURANCE CO.
RUBBER MANUFACTURERS' MUTUAL INSURANCE COMPANY,
BOSTON.
Incorporated Nov. 4, 1884. Commenced business Jan. 15, 1885.
ARTHUR W. CLAPP, President. BENJAMIN TAFT, Secretary.
Office, 81 Milk Street.
Income.
Net premiums, . $460,082 77
Interest on bonds, ........ 14,672 51
Total income, $474,755 28
Ledger assets, Dec. 31, 1905, . . . • . . . . 364,904 61
Total, $839,659 89
Disbursements.
Net amount paid for losses, $37,430 48
Profits on terminated policies, ...... 364,802 05
Salaries, fees, etc., of officers and employees, . . . . 12,284 64
Taxes and fees, ......... 5,515 12
Inspections, 10,440 02
Reduction in book value of bonds, ...... 2,093 75
Miscellaneous expenses, . . . . . . . . 17,492 47
Total disbursements, $450,058 53
Balance, $389,601 36
Ledger Assets.
Bonds (schedule A), $352,000 00
Cash in banks and office, . . . . . . 26,287 59
Premiums in course of collection, . . . . . . 11,313 77
Total ledger assets, $389,601 36
Non-Ledger Assets.
Interest due and accrued on bonds, ...... 5,672 07
Market value of bonds over book value, ..... 1,287 50
Gross assets, ......... $396,560 93
Liabilities.
Unpaid losses, . . . . # . . . . - $22,016 08
Unearned premiums on outstanding risks, . . . . 231,917 05
Taxes, 1,439 28
All liabilities, except surplus, $255,372 41
Surplus, 141,188 52
Total liabilities, $396,560 93
SALEM MUTUAL FIRE INSURANCE CO.
63
Risks outs 'ding Dec. 31, 1905,
Risks written during 1906,
Risks and Premiums.
Amount.
$47,700,771 00
54,569,988 00
Total, . $102,270,759 00
Risks expired and terminated, 50,515,135 00
Cash Prem's.
$433,650 53
491,143 16
$924,793 69
460,959 58
Conting't Prem's.
12,168,252 65
2,455,715 80
14,623,968 45
2,304,797 90
In force at end of year,
$51,755,624 00 $463,834 11 $2,319,170 55
Miscellaneous.
Losses incurred during the year, ......
Profits or surplus returned during 1906, 85 per cent.
Schedule A. Bonds owned by the Company.
State and Municipal Bonds.
Fall River, Mass., 3-|s, 1915,
Massachusetts 3-^s, 1940, .
Railroad Bonds.
Atchison, Topeka & Santa Fe 4s, 1928,
Bangor & Aroostook 5s, 1943, .
Boston Consolidated St. 5s, 1907,
Boston Elevated 4s, 1935,
Boston & Lowell 3£s, 1919,
Boston & New York Air Line 4s, 1955,
El Paso & Rock Island 5s, 1951,
Fitchburg 4s, 1928, .
Fitchburg 4s, 1927, .
Lake Shore & Michigan Southern 4s, 1928,
Maine Central 4s, 1912,
Maine Central 4-^-s, 1916, .
N. Y. Cent. & Hud. R. (Lake Shore) 3£s, 1998,
New York, New Haven & Hartford 4s, 1955,
Northern Maine Seaport 5s, 1935,
No. Pac.-Gt. North. (C, B. & Q. coll.) 4s, 1921,
Richmond-Washington 4s, 1943,
St. Louis Merchants Bridge Terminal 5s, 1930,
West End Street 4s, 1917,
West End Street 4s, 1915,
Miscellaneous Bonds.
American Bell Telephone Co. 4s, 1908,
American Telephone & Telegraph Co. 4s, 1929,
American Writing Paper Co. 5s, 1919,
N. E. Telephone & Telegraph Co. 5s, 1919, .
N. E. Telephone & Telegraph Co. 4s, 1930, .
Western Union Telegraph Co. 4^s, 1950,
$58,704 00
Book Value.
Rate.
Market Value.
$20,000
00
98i
$19,650 00
18,000
00
101
18,180 00
10,000
00
96
9,600 00
10,000
00
117
11,700 00
12.000
00
100
12,000 00
6,000
00
102
6,120 00
20,000
00
97i
19,425 00
3,000
00
102i
3,075 00
5,000
00
109
5,450 00
10,000
00
10H
10,150 00
10,000
00
101i
10,150 00
3,000
00
98
2,940 00
4,000
00
100^
4,020 00
16,000
00
103i
16,520 00
15,000
00
86i
12,937 50
20,000
00
101i
20,250 00
15,000
00
112
16,800 00
7,000
00
96|
6,781 25
9,000
00
102i
9,225 00
25,000
00
112
28,000 00
15,000
00
101
15,150 00
5,000
00
ioo|
5,043 75
15,000
00
981
14,775 00
22,000
00
90
19,800 00
10,000
00
87
8,700 00
10,000
00
106i
10,625 00
17,000
00
96
16,320 00
20,000
00
99i
19,900 00
$352,000
00
$353,287 50
SALEM MUTUAL FIRE INSURANCE COMPANY, SALEM.
Incorporated April 17, 1838. Commenced business May 1, 1838.
HOWARD S. PORTER, President. ARTHUR DERBY, Secretary.
Amount of permanent fund, ....... $52,580 66
Income.
Net premiums, $42,494.60; extra premiums, $88.95, . . $42,583 55
Interest on mortgage loans, $16.50; stocks and bonds, $3,468;
all other, $31.72, 3,516 22
64 SALEM MUTUAL FIRE INSURANCE CO.
Borrowed money, $1,000 00
Dividends on reinsurance, ....... 236 48
Profit and loss, ' . 34 46
Total income, .......
Ledger assets, Dec. 31, 1905, plus $34.28, error in 1905, .
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, . . . ...
Loss on maturity of bonds, . _ .
Borrowed money repaid, . . . . . .
Interest on borrowed money, ......
All other disbursements, ......
Total disbursements, ......
Balance, . . . . . .
Ledger Assets.
Mortgages, .........
Stocks and bonds (schedule A),
Cash in banks and office, . . . . .
Agents' balances, . . . . . . ■ .
Total ledger assets, $97,152 33
Non-Ledger Assets.
Interest accrued : —
On mortgages, $1.05; bonds, $1,182.86, ..... 1,183 91
$47,370 71
96,294
00
$143,664 71
$16,461
43
14,885
03
6,974 56
4,062
67
600
00
391
12
262
50
1,000
00
15
83
1,859
24
$46,512 38
$97,152 33
$300 00
90,145
25
1,882
63
4,824 45
Gross assets, . . $98,336 24
Assets not admitted.
Agents' balances over three months due, . . . $470 49
Book value of stocks and bonds over market value, . 1,609 50
Total unadmitted assets, .... 2,079 99
Total admitted assets, . $96,256 25
Liabilities.
Unpaid losses, . . . $125 70
Unearned premiums on outstanding risks, . . . . 53,819 90
Dividends due policy holders, ...... 2,426 95
All liabilities, except surplus, ...... $56,372 55
Surplus, 39,883 70
Total liabilities, $96,256 25
SALEM MUTUAL FIRE INSURANCE CO.
65
Risks and Premiums.
Amount.
Risks outs'ding Dec. 31, 1905, $6,397,671 00
Risks written during 1906, . 2,556,311 00
Total, .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$8,953,982 00
2,667,914 00
$6,286,068 00
134,888 00
Cash Prem's.
$110,396 21
45,053 29
$155,449 50
46,406 66
$109,042 84
2,085 15
Conting't Prem's.
$110,396 21
45,053 29
$155,449 50
46,406 66
$109,042 84
),151,180 00 $106,957 69
Miscellaneous.
Losses incurred during the year, .....
Profits or surplus returned during 1906, 20, 40 and 60 per cent.
$13,933 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
7 shares Boston & Maine, preferred,
2 " Boston & Maine, common,
Miscellaneous Stocks.
15 shares Salem Gas Light Co.,
State and Municipal Bonds
Akron, O., 4*s, 1911,
Akron, O., 4s, 1913,
Boston, Mass., 3*s, 1928, .
Boston, Mass., 4s, 1916, .
Boston, Mass., 3*s, 1919, .
Boston, Mass., 3*s, 1920, .
Boston, Mass., 3*s, 1919, .
Brockton, Mass., 4s, 1910,
Canton, Mass., 3*s, 1913, .
Chelsea, Mass., 4s, 1911, .
Chicago, 111., 4s, 1921,
Columbus, O., 4s, 1910, .
Columbus, O., 4s, 1912, .
Columbus, O., 4s, 1914,
Columbus, O., 4s, 1934, .
Cranston, R. I., 4s, 1925, .
Dayton, O., 4s, 1915,
Dayton, O., 3*s, 1917,
Fall River, Mass., 4s, 1909,
Haverhill, Mass., 4s, 1922,
Lawrence, Mass., 4s, 1909,
Lynn, Mass., 4s, 1908,
Lynn, Mass., 3*s, 1913,
Marlborough, Mass., 4s, 1911,
Massachusetts 3s, 1928,
Massachusetts 3*s, 1938, .
Medford, Mass., 4s, 1917, .
Meriden, Conn., 3*s, 1919,
Milwaukee, Wis., 5s, 1907,
Minneapolis, Minn., 4^s, 1914,
New Bedford, Mass., 4s, 1912,
New Britain, Conn., 4s, 1908,
New Britain, Conn., 4s, 1918,
Northampton, Mass., 3*s, 1912,
Pawtucket, R. I., 4s, 1910,
Peabody, Mass., 3*s, 1911,
Peoria, 111., 4s, 1920,
Quincy, Mass., 4s, 1916,
Quincy, 111., 4*s, 1911,
Salem, Mass., 4s, 1907,
Salem, Mass., 4s, 1908,
ook Value.
Rate.
Market Value.
$700 00
165
$1,155 00
200 00
161
322 00
1,500 00
220
3,300 00
1,052 50
101f
1,017 50
1,034 92
100
1,000 00
1,081 25
96|
963 75
1,111 25
lOlf
1,016 25
1,065 00
97|
976 25
1,042 50
97*
975 00
1,041 25
97|
976 25
1,070 00
100
1,000 00
997 50
98|
983 75
2,170 00
1001
2,015 00
3,125 00
101i
3,033 75
2,057 50
100
2,000 00
1,055 00
100*
1,005 00
1,025 00
100f
1,006 25
1,022 50
lOlf
10lf
1,016 25
1,050 00
1,012 50
1,038 70
101
1,010 00
1,996 51
97*
1,942 50
4,315 00
100
4,000 00
1,120 00
1021
1,028 75
2,045 00
100
2,000 00
2,095 00
100
2,000 00
2,020 00
981
1,975 00
1,092 50
100*
1,005 00
1,020 00
93|
933 75
2,280 00
101
2,020 00
1,060 00
lOlf
1,016 25
1,047 80
96|
967 50
1,093 75
100
1,000 00
1,122 50
1041
1,042 50
2,152 50
100*
2,010 00
1,043 75
100
1,000 00
3,122 98
100£
3,026 25
1,020 00
98f
983 75
1,017 75
100
1,000 00
1,012 63
98£
988 75
1,020 80
101*
1,015 00
1,043 75
1011
1,018 75
2,130 00
10l|
2,035 00
522 50
100
500 00
524 38
100
500 00
66
SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE CO.
Salem, Mass., 4s, 1909,
Somerville, Mass., 4s, 1909,
Somerville, Mass., 3^s, 1907,
Stamford, Conn., 3£s, 1921,
Stamford, Conn., 4s, 1914,
Swampscott, Mass., 4s, 1911,
Toledo, O., 5s, 1911,
Toledo, O., 4s, 1922,
Waltham, Mass., 4s, 1908,
Woburn, Mass., 3£s, 1909,
Railroad Bonds
Boston & Albany 4s, 1913,
Boston & Lowell 4s, 1932,
Boston & Lowell 4s, 1913,
Boston & Maine 4s, 1937,
Boston & Providence 4s, 1918,
Fitchburg 5s, 1908, .
Fitchburg 4s, 1927, .
Fitchburg 4s, 1907, .
Maine Central 4s, 1912,
Old Colony 4s, 1925,
West End Street 4s, 1932,
Book Value.
Rate.
Market Value.
.
62
100
$500 00
2,102
50
100
2,000 00
1,009
63
100
1,000 00
1,051
25
96f
967 50
1,043
75
101*
1,012 50
. _ 2,060
00
100*
2,010 00
1,068
89
104*
1,045 00
1,040
00
102
1,020 00
1,060
00
100
1,000 00
3,056
25
99
2,970 00
1,052
50
101
1,010 00
2,050
00
103*
2,065 00
1,065
89
100*
1,005 00
1,017
50
103*
1,035 00
2,100
00
101*
2,030 00
1,045
00
100*
1,002 50
1,135
00
101*
1,015 00
1,045
00
100
1,000 00
2,137
50
100*
2,010 00
1,055
00
102*
1,025 00
1,065
00
102
1,020 00
$90,145 25
$88,535 75
SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE
COMPANY, MARLBOROUGH.
Incorporated May 18, 1855. Commenced business June 15, 1855.
WARREN C. JEWETT, President. ELMER 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, $9,663; extra premiums, $22.71,
Interest, .........
Total income, .......
Ledger assets, Dec. 31, 1905, ......
Total,
Disbursements.
Net amount paid for losses, . .
Profits on terminated policies, .....
Commissions or brokerage, ......
Salaries, fees, etc., of officers and employees,
Taxes and fees, ........
All other disbursements, ......
Total disbursements, ......
Balance, . . ......
Cash in banks and office,
Agents' balances, .
Ledger Assets.
$9,685 71
152 20
$9,837 91
6,074 60
$15,912 51
$7,716 48
488 93
1,232 88
923 06
81 70
479 11
$10,922 16
14,990 35
53,112 23
1,878 12
Total ledger assets,
L,990 35
SAUGUS MUTUAL FIRE INSURANCE CO.
67
Non-Ledger Assets.
Furniture, fixtures, safe, etc.,
Gross assets, ......
Assets not admitted.
Furniture, fixtures, safes, etc.,
Agents' balances over three months due, .
Total unadmitted assets,
$210 00
15 00
Total admitted assets, ......
Liabilities.
Unpaid losses, . . . . . .
Dividends due policy holders, .
Salaries and other miscellaneous expenses, due or accrued,
Commissions and other charges due agents and brokers,
Due for return premiums, ......
Total liabilities,
Risks outs'ding Dec. 31, 1905,
Risks written during 1906,
Risks and Premiums.
Amount.
$2,488,744 00
1,054,430 00
$210 00
$5,200 35
225 00
$4,975 35
$2,000 00
112 17
70 02
278 76
60 30
Total, .
Risks expired and terminated,
In force at end of year, .
$3,543,174 00
702,173 00
$2,841,001 00
Cash Prem's.
$22,816 06
10,200 52
,016 58
6,522 58
5,521 25
Conting't Prem's.
$228,160 60
102,005 20
$330,165 80
65,225 80
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1906, 10 per cent.
$26,494 00 $264,940 00
),716 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 insures nothing but dwellings, farm buildings and their contents, in
Lynn, Saugus, Lynnfield, Swampscott and Nahant. No cash premiums are taken, but assessments
are made on deposit notes to pay losses and expenses. All policies are issued for a term of three
years.]
Income.
Interest, ..........
Assessments, .........
Policy fees,
Total income, ........
Ledger assets, Dec. 31, 1905, . . . .
lotal, ..........
Disbursements.
Net amount paid for losses, . . . . . .
Salaries, fees, etc., of officers and employees, ....
$71 59
2,946 61
490 00
>3,508 20
3,872 85
$7,381 05
51,256 47
1,420 00
68
SOUTH DANVERS MUTUAL FIRE INSURANCE CO.
Rents, ....
Taxes, ....
Uncollected assessments charged off
All other disbursements,
Total disbursements,
Balance,
Cash in banks and office,
Assessments on premium notes,
Ledger Assets.
Total ledger assets,
Risks and Premiums.
Risks outstanding Dec. 31, 1905,
Risks written during 1906, ....
Total, .
Risks expired and terminated, . .
In force at end of year, .....
Miscellaneous
Losses incurred during the year,
Assessments laid on deposit notes or contingent premiums,
.
$150 00
25 18
30 10
243 24
.
$3,124 99
$4,256 06
$3,964 06
292 00
Amount.
$2,566,995 00
876,150 00
$4,256 06
Conting't Prem's.
$327,691 00
112,098 00
$3,443,145 00
925,850 00
$439,789 00
117,727 00
$2,517,295 00
emiums,
$322,062 00
$1,256 00
2,896 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, . .
Income.
Net premiums, $5,329.87; extra premiums, $11.50, .
Interest on stocks and bonds, $1,408.25; all other, $9.56,
Dividend South Dan vers National Bank (insolvent),
Borrowed money, . . . . .
Policy fees, .........
From all other sources, . ...
Total income, .......
Ledger assets, Dec. 31, 1905, less $1,000, error in 1905,
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, . • . * .
33,697
05
$5,341
37
1,417
81
1,387
66
200
00
169
00
6
12
$8,521 96
28,928 86
$37,450 82
$847 48
4,513
73
92
58
910
00
102
50
36
01
SOUTH DANVERS MUTUAL FIRE INSURANCE CO.
69
Liquidation of First National Bank, Salem,
All other disbursements, ......
Total disbursements, ......
Balance, ........
Ledger Assets.
Stocks and bonds (schedule A),
Cash in banks and office, ......
Agents' balances, . . . . . .• .
Total ledger assets, ......
Non-Ledger Assets.
Interest accrued : —
On bonds, $215; other assets, $190, .
Market value of stocks and bonds over book value, .
Gross assets, ........
Liabilities.
Unpaid losses, ........
Unearned premiums on outstanding risks,
Interest due or accrued, .......
Dividends due policy holders, . . . . .
Salaries and other miscellaneous expenses, due or accrued,
Commissions and other charges due agents and brokers,
Borrowed money, ........
All liabilities, except surplus, .
Surplus, ..........
Total liabilities, . . . . . . .
$600 00
306 07
$7,408 37
$30,042 45
$29,550 04
367 88
124 53
$30,042 45
405 00
1,364 84
$31,812 29
$406 88
14,503 64
2 17
404 25
89 50
8 82
200 00
$15,615 26
16.197 03
$31,812 29
Risks and Premiums.
Amount.
Risks outs'ding Dec. 31, 1905, $1,211,500 00
Risks written during 1906,
Total, . . . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
308,975 00
$1,520,475 00
275,875 00
$1,244,600 00
12,500 00
$1,232,100 00
Cash Prem's. Conting't Prem's.
$25,594 68 $76,784 04
6,244 67 18,734 01
$31,839 35
5,780 07
$26,059 28
174 00
$25,885 28
,518 05
17,340 21
$78,177 84
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1906, 20, 40, 60 and 100 per cent.
,254 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value. Rate. Market Value.
15 shares New York, New Haven & Hartford, . $3,168 75 190^ $2,857 50
50 " Pennsylvania, 2,949 36 138f 3,459 38
Bank Stocks.
4 shares Andover National, .... 400 00 115 460 00
1 share Cape Ann National, Gloucester, Mass., . 150 00 150 150 00
70 traders' and mechanics' mutual FIRE INSURANCE CO.
10 shares Naumkeag National, Salem, Mass.,
4 " State National, Boston,
20 " Warren National, Peabody, Mass.,
Miscellaneous Stocks.
7 shares American Telephone & Telegraph Co.,
20 " Androscoggin Mills,
2 " Nashua Manufacturing Co., .
20 " Naumkeag Steam Cotton Co.,
Municipal Bonds.
Providence, R. I., 4s, 1921,
Railroad Bonds.
Boston & Maine 4s, 1942, .
New York Central & Hudson River 3£s, 1997,
Pennsylvania (convertible) 3^s, 1915,
Miscellaneous Bonds.
Western Telephone & Telegraph Co. 5s, 1932,
Book Value.
Rate.
Market Value.
$1,000 00
560 00
2,000 00
151
149
105
$1,510 00
596 00
2,100 00
968 62
2,000 00
960 00
2,045 00
133^
140
136
86
934 50
2,800 00
1,360 00
1,720 00
4,184 44
103|
4,150 00
3,084 50
2,094 37
1,897 50
103f
93i
93
3,112 50
1,865 00
1,860 00
2,087 50
99
1,980 00
$29,550 04
$30,914 88
TRADERS' AND MECHANICS' MUTUAL FIRE INSURANCE COMPANY,
LOWELL.
Incorporated June, 1848. Commenced business June, 1848.
CHARLES C. HUTCHINSON, President. EDWARD M. TUCKE, Secretary.
Amount of permanent fund, ....... $410,988 69
Income.
Net premiums, $195,086.68; extra premiums, $1,607.13, . . $196,693 81
Interest on mortgage loans, $4,432.11; collaterals, $455.44;
stocks and bonds, $24,118.57, 29,006 12
Rents, . . . . 1,223 85
Profit on sale or maturity of ledger assets, .... 466 60
Dividends on reinsurance and return premiums, . . . 694 89
Profit and loss, 679 12
Total income, . . . $228,764 39
Ledger assets, Dec. 31, 1905, 627,968 27
Total, $856,732 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, $327 . 55 ; other taxes and fees, $2,672 . 24,
Loss on sale or maturity of stocks and bonds, .
All other disbursements, ......
Total disbursements,
Balance,
Ledger Assets.
Real estate, $12,000; mortgages, $58,165.60,
Loans secured by collateral (schedule A),
Stocks and bonds (schedule B),
,391 85
72,825 95
29,113 00
14,160 08
1,696 00
294 48
2,999 79
2,200 00
12,582 48
$212,263 63
$644,469 03
$70,165 60
10,686 00
525,100 00
traders' and mechanics' mutual FIRE INSURANCE CO. 71
Cash in banks and office,
Agents' balances, .
$14,201 19
24,316 24
Total ledger assets, ....
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $1,442.81; bonds, $1,720; collateral
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,
loans, $149.30,
319.18; plus
ters,
Cash Prem's.
$644,701 54
210,821 60
$855,523 14
179,880 60
$675,642 54
12,772 62
$644,469 03
3,312 11
150 00
3,000 00
56,208 25
Gross assets, ......
Liabilities.
Unpaid losses, ......
Unearned premiums on outstanding risks, $340, (
same on disallowed reinsurance, $327 . 84,
Dividends due policy holders,
Commissions and other charges due agents and bro'
$707,139 39
$175 00
340,947 02
4,040 60
3,487 56
All liabilities, except surplus, .
Surplus, .......
Total liabilities, .....
Risks and Premiums.
Amount.
Risks outs'ding Dec. 31, 1905, $42,677,945 00
Risks written during 1906, . 13,474,841 00
Total, .... $56,152,786 00
Risks expired and terminated, 11,832,406 00
$348,650 18
358,489 21
$707,139 39
Conting't Prem's.
$644,701 54
210,821 60
$855,523 14
179,880 60
In force at end of year, . . $44,320,380 00
Amount reinsured, . . 703,942 00
$675,642 54
Net amount in force,
$43,616,438 00 $662,869 92
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1906, 20, 40 and 60 per cent.
$76,567 00
Schedule A. Securities held
as Collateral.
Company's
Loaned
Market Value.
Thereon,
35 shares Tremont & Suffolk Mills, .... $3,255 00
$3,000 00
2 '
' Tremont & Suffolk Mills, .
186 00 1
1,000 00 J
1,000 00
4 '
' Lowell Gas Light Co.,
10 '
' Merrimack Mfg. Co., common,
450 00 1
540 00 J
786 00
6 '
' Merrimack Mfg. Co., preferred,
13 '
' Swift & Co., ....
1,430 00 I
83 '
' Massachusetts Electric Co., preferred,
5,644 00 \
4,100 00
62 '
' Massachusetts Electric Co., common,
1,116 00 J
6 '
' Merrimack Mfg. Co., preferred,
540 00
450 00
12 '
' New England Telephone & Telegraph Co.,
1,524 00
1,350 00
$15,685 00
$10,686 00
Schedule B. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value. Rate. Market Value.
200 shares Massachusetts Electric, preferred, . $20,000 00 67 $13,400 00
25 " Vermont & Massachusetts, . . 2,500 00 171 4,275 00
72
WEST NEWBURY MUTUAL FIRE INSURANCE CO.
Bank Stocks.
100 shares Old Lowell National,
Miscellaneous Stocks.
35 shares Bigelow Carpet Co., .
20 " Boott Mills,
2 " Hamilton Manufacturing Co.,
70 " Lawrence Gas Co.,
462 " Lowell Gas Light Co.,
80 " Massachusetts Cotton Mills,
68 " Massachusetts Cotton Mills, Georgia,
200 " Massachusetts Gas Co., preferred,
110 " Merrimack Mfg. Co., common,
66 " Merrimack Mfg. Co., preferred,
15 " Middlesex Co.,
50 " Tremont & Suffolk Mills,
State and Municipal Bonds
Andover, Mass., 4s, 1925,
Boston, Mass., 4s, 1916, .
Chicago, 111., 4s, 1914,
Chicago, 111., Sanitary 5s, 1908,
Fitchburg, Mass., 4s, 1925,
Holyoke, Mass., 4s, 1925, .
Maiden, Mass., 4s, 1925, .
Marblehead, Mass., 4s, 1921,
Marlborough, Mass., 4s, 1924,
Massachusetts 3s, 1947,
Quincy, 111., 4^s, 1911,
Railroad Bonds
Boston & Maine 4-Js, 1944,
Fitchburg 4£s, 1914,
Illinois Central (Omaha Div.) 3s, 1951,
Illinois Central (St. Louis Div.) 3^s, 1951,
Long Island 5s, 1932,
Long Island (Long Isl. City & Flush. Br.) 5s, 1937
Maine Central 4s, 1912,
New England 5s, 1945,
Ogdensburg & Lake Champlain 4s, 1948,
Rutland & Canadian 4s, 1949, .
Southern (St. Louis Div.) 4s, 1951, .
United Traction & Electric Co. (Prov.) 5s, 1933,
West End Street 4s, 1932,
Miscellaneous Bonds.
Amer. Telephone & Telegraph Co. notes, 5s, 1907,
Book Value.
$10,000 00
3,500 00
2,000 00
2,000 00
7,000 00
46,200 00
8,000 00
6,800 00
20,000 00
11,000 00
6,600 00
1,500 00
5,000 00
15,000 00
20,000 00
5,000 00
20,000 00
10,000 00
15,000 00
10,000 00
10,000 00
10,000 00
25,000 00
12,000 00
20,000 00
15,000 00
15,000 00
30,000 00
10,000 00
1,000 00
20,000 00
10,000 00
20,000 00
20,000 00
15,000 00
15,000 00
20,000 00
10,000 00
$525,100 00
Rate.
101
112
100
67£
155
250
95
96i
85
44|
90
50
92^
102|
101f
lOOf
100*
103i
103£
103J
102*
102*
90i
lOlf
112
103
79f
91
110
111*
100*
121*
95
95
94*
108*
102
99*
Market Value.
$10,100 00
3,920 00
2.000 00
1,350 00
10,850 00
115,500 00
7,600 00
6,562 00
17,000 00
4,936 25
5,940 00
750 00
4,625 00
15,393 75
20,325 00
5,031 25
20,100 00
10,325 00
15,487 50
10,325 00
10,212 50
10,250 00
22,562 50
12,210 00
22,400 00
15,450 00
11,962 50
27,300 00
11,000 00
1,115 00
20,100 00
12,150 00
19,000 00
19,000 00
14,175 00
16,275 00
20,400 00
9,950 00
$581,308 25
WEST NEWBURY MUTUAL FIRE INSURANCE COMPANY,
WEST NEWBURY.
Incorporated March, 1828. Commenced business April, 1828.
RICHARD NEWELL, President. - DANIEL COONEY, Secretary.
[Note. — This company relies upon assessments on deposit notes to pay losses and expenses.]
Income.
$4 39
1,100 00
703 66
129 00
Interest on deposits,
Borrowed money, .
Assessments,
Policy fees, .
Total income, .
Ledger assets, Dec. 31, 1905,
Total, .
Net amount paid for losses,
Commissions or brokerage,
,937 05
104 20
Disbursements.
2,041 25
$905 57
44 60
WORCESTER MANUFACTURERS' MUTUAL INSURANCE CO.
73
Salaries, fees, etc., of officers and employees,
Rents, .......
Taxes and fees, ......
Borrowed money repaid, ....
Interest, .......
All other disbursements, ....
Total disbursements, ....
Balance, ......
Ledger Assets.
Cash in banks and office,
Non-Ledger Assets.
Furniture, fixtures and safe, ......
Unpaid assessments and policy fees, ....
Gross assets, ........
Assets not admitted.
Furniture, fixtures and safe, ......
Total admitted assets, ......
Liabilities.
Interest due or accrued, ......
Commissions and other charges due agents and brokers,
Borrowed money, ........
Total liabilities,
Risks and Premiums.
$395 95
17
00
9
11
300
00
95
00
130
72
$1,897
95
$143 30
$143 30
75 00
6 18
$224 48
75 00
$149 48
$62 00
23
2,700 00
Risks outstanding Dec. 31, 1905,
Risks written during 1906,
Total, . . .
Risks expired and terminated,
Amount.
$1,439,445
364,393
00
00
$1,803,838
369,743
00
00
$2,762 23
Conting't Prem's.
$100,286 82
25,167 56
$125,454 38
24,373 33
In force at end of year,
Miscellaneous.
Losses incurred during the year,
$1,434,095 00 $101,081 05
$406 00
WORCESTER MANUFACTURERS' MUTUAL INSURANCE COMPANY,
WORCESTER.
Incorporated March 31, 1855. Commenced business March 31, 1855.
WALDO E. BUCK, President. CHARLES S. [BACON, Secretary.
Income.
Net premiums, ....
Interest on stocks and bonds, $23,327.76
Profit on sale of stock, .
Premiums of 1907 paid in advance,
Sale of furniture, ....
Total income, . . .
all other, $2,209.17,
$605,282 57
25,536 93
5,357 50
523 10
508 50
$637,208 60
74 WORCESTER MANUFACTURERS' MUTUAL INSURANCE CO.
ledger assets, Dec. 31, 1905, . . ... . . $598,882 44
Total, $1,236,091 04
Disbursements.
Net amount paid for losses, $33,013 79
Profits on terminated policies, ...... 536,662 46
Salaries, fees, etc., of officers and employees, .... 11,986 60
Rents, 1,500 00
Taxes and fees, ......... 5,772 45
Premiums on bonds purchased, ...... 966 25
Protective departments, . . . . . . . Ill 58
Inspections, plans and adjustments, . . . . . 9,896 16
Repairs, expenses and office furniture, . . . . . 2,632 84
All other disbursements, ~ . . . . . . . 2,369 52
Total disbursements, $604,911 65
Balance, $631,179 39
Ledger Assets.
Stocks and bonds (schedule A), $557,550 00
Cash in banks and office, ....... 68,709 17
Premiums in course of collection, . . . . . . 4,920 22
Total ledger assets, $631,179 39
Non-Ledger Assets.
Interest due and accrued on bonds, ..... 6,618 75
Market value of stocks and bonds over book value, . . . 7,058 25
Gross assets, $644,856 39
Liabilities.
Unpaid losses, . . . . < $1,120 87
Unearned premiums on outstanding risks, .... 299,762 20
Rent and taxes due or accrued, . . . . . . 2,360 30
Premiums of 1907 paid in advance, ...... 523 10
All liabilities, except surplus, ...... $303,766 47
Surplus, 341,089 92
Total liabilities, $644,856 39
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outs'ding Dec. 31, 1905, $73,304,498 00 $569,832 18 $2,849,160 90
Risks written during 1906, . 83,517,632 00 635,596 94 3,177,984 70
Total, .... $156,822,130 00 $1,205,429 12 $6,027,145 60
Risks expired and terminated, 78,508,255 00 605,904 71 3,029,523 55
In force at end of year, . . $78,313,875 00 $599,524 41 $2,997,622 05
Miscellaneous.
Losses incurred during the year, ...... $28,976 00
Profits or surplus returned during 1906, 93.237 per cent.
WORCESTER MUTUAL FIRE INSURANCE CO.
75
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
100 shares Connecticut River, .
52 " Norwich & Worcester, preferred,
100 " Union Pacific, preferred,
Miscellaneous Stocks.
200 shares Northwestern Telegraph Co.,
Railroad Bonds.
Atch., Top. & Santa Fe (general mort.) 4s, 1995,
Boston & Albany Terminal 3*s, 1951,
Boston & Lowell 3*s, 1923,
Boston & Lowell 4s, 1932,
Boston & Maine 4*s, 1944,
Buffalo & Susquehanna Co. 4s, 1951,
Central of New Jersey 5s, 1987,
Chesapeake & Ohio 4*s, 1992, .
Chicago, Burlington & Quincy 4s, 1922,
Chicago, Burlington & Quincy 3*s, 1949,
Chicago & Cincinnati 5s, 1952, .
Chicago & Eastern Illinois 6s, 1907, .
Chicago June. & Union Stock Yards 5s, 1915,
Chicago, Rock Island & Pacific 4s, 2002,
Cincinnati & Indiana Western 5s, 1952,
Cincinnati, Richmond & Muncie 5s, 1950,
Concord & Montreal 4s, 1920, .
Erie (Pennsylvania collateral) 4s, 1951,
Fitchburg 5s, 1908, ....
Lake Shore & Michigan Southern 4s, 1928,
No. Pac.-Gt. No. Joint (C, B. & Q, coll.) 4s, 1921
Ogdensburg & Lake Champlain 4s, 1948,
Old Colony 4s, 1924,
Oregon R.R. & Navigation Co. 4s, 1946,
Oregon Short Line 5s, 1946,
Oregon Short Line 4s, 1929,
Pennsylvania (convertible) 3*s, 1915,
Richmond-Washington 4s, 1943,
Rio Grande Western 4s, 1939, .
Rutland (equipment) 4*s, 1912,
Toronto, Hamilton & Buffalo 4s, 1946,
Union Pacific 4s, 1947,
West End Street 4*s, 1914,
West End Street 4s, 1915,
Wisconsin Central 4s, 1949,
Miscellaneous Bonds,
American Bell Telephone Co. 4s, 1908.
American Telephone & Telegraph Co. 4s, 1929,
American Telephone & Telegraph Co. 5s, 1907,
Book Value.
$25,000 00
10,700 00
7,700 00
12,487 50
15,000 00
15,000 00
20,000 00
20,000 00
20,000 00
14,700 00
10,000 00
15,000 00
17,000 00
14,456 25
5,000 00
15,000 00
6,000 00
8.912 50
5)300 00
10,000 00
20,000 00
9,400 00
15,000 00
20,000 00
23,531 25
10,000 00
15,000 00
10,000 00
5,000 00
19,475 00
24,000 00
10,000 00
10,000 00
10,000 00
4,887 50
5,000 00
10,000 00
10,000 00
9,200 00
25,000 00
9,800 00
15,000 00
$557,550 00
Rate.
285
226
94
122
100
95f
96f
103f
112
96*
126
103f
991
92
105
100
104
76
104
107
101i
89|
ioo|
98
961
95
102*
98*
114*
93*
93
102*
94
97|
96
102
103f
1001
88*
98*
90
99*
Market Value.
$28,500 00
11,752 00
9,400 00
12,200 00
15,000 00
14,362 50
19,275 00
20,C50 00
22,400 00
14,475 00
12,600 00
15,543 75
16,978 75
13,800 00
5,250 00
15,000 00
6,240 00
7,600 00
5,200 00
10,700 00
20,250 00
8,975 00
15,037 50
19,600 00
24,218 75
9,500 00
15,375 00
9,850 00
5,725 00
18,700 00
23,250 00
10,250 00
9,400 00
9,787 50
4,800 00
5,100 00
10,375 00
10,087 50
8,850 00
24,625 00
9,CC0 00
14.925 00
$564,608 25
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, $137,001.. 03; extra premiums, $720.72, . . $137,72175
Interest on mortgage loans, $14,731.01; collaterals, $11.25;
bonds, $14,480; all other, $978.40, 30,200 66
Rents, 9,261 73
From all other sources, . . . ... . . . 90 91
Total income,
$177,275 05
76
WORCESTER MUTUAL FIRE INSURANCE CO.
Ledger assets, Dec. 31, 1905, .
Total,
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, $2,562.45; other taxes and fees, $2,139.85,
Premiums and accrued interest on securities purchased,
All other disbursements, ......
Total disbursements, T
Balance, . . . . . .
Ledger Assets.
Real estate, $104,225; mortgages, $290,056, .
Loans secured by collateral (savings bank book),
Stocks and bonds (schedule A),
Cash in banks and office, ....
Agents' balances, ......
Total ledger assets, ... .
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $3,840.36; bonds, $5,639.96; collateral loans,
$13.68; other assets, $80.92,
Rents due and accrued on company's property,
Gross assets, .........
Assets not admitted.
Book value of bonds over market value, . . . .
Total admitted assets, .......
Liabilities.
Unearned premiums on outstanding risks, ....
Dividends due policy holders, ......
Commissions and other charges due agents and brokers,
Due for return premiums, . . . . ...
All liabilities, except surplus, ......
Surplus, . . . . . . . . .
Total liabilities, ........
Risks and Premiums.
Amount. Cash Prem's.
Risks outs'ding Dec. 31, 1905,. $43,183,325 00 $593,788 16
Risks written during 1906, . 10,326,676 00 143,901 94
$809,846 96
$987,122 01
$31,045 67
74,489 77
20,014 46
15,023 78
1,141 27
4,702 30
1,213 42
6,953 01
$154,583 68
$832,538 33
$394,281 00
450 00
385,000 00
40,410 28
12,397 05
$832,538 33
9,574
92
879 40
$842,992 65
6,637
50
$836,355
15
$286,274 44
3,202
67
3,477
77
924 59
$293,879 47
, 542,475 68
$836,355 15
Conting't Prem's.
$593,788 16
143,901 94
Total,
$53,510,001 00 $737,690 10 $737,690 10
WORCESTER MUTUAL FIRE INSURANCE CO.
77
Amount.
Risks expired and terminated, $10,983,479 00
Cash Prem's. Conting't Prem's.
$153,903 07 $153,903 07
In force at end of year, .
Amount reinsured,
Net amount in force,
$42,526,522 00
16,650 00
$583,787 03 $583,787 03
172 38
$42,509,872 00 $583,614 65
Miscellaneous.
Losses incurred during the year, ......
Profits or surplus returned during 1906, 20, 40 and 60 per cent.
Schedule A. Bonds owned by the Company.
$25,469 00
State Bonds.
Massachusetts 3^s, 1945, .
Massachusetts 3-^s, 1934, .
Railroad Bonds.
Bangor & Aroostook 4s, 1951, .
Boston & Albany 3^s, 1951,
Boston & Albany 4s, 1913,
Boston Elevated 4s, 1935,
Boston & Lowell 3£s, 1921,
Boston & Maine 4^s, 1944,
Boston & Maine 4s, 1937, .
Central Pacific 4s, 1954, .
Chicago, Burl. & Quincy (111. Division) 3£s, 1949,
Chicago & Cincinnati 5s, 1952, .
Chic, Mil. & St. Paul 4s, 1989, .
Chicago, Rock Island & Pacific 4s, 1934,
Chicago, Rock Island & Pacific 4s, 1988,
Chicago & Western Indiana 4s, 1952,
Cincinnati, Hamilton & Dayton 5s, 1942,
Cincinnati, Indianap., St. Louis & Chic. 4s, 1936
Concord & Montreal 4s, 1920, .
Fitchburg 4s, 1927, ....
Illinois Central (Louisville Division) 3^s, 1953,
Illinois Central (St. Louis Division) 3^s, 1951,
Maine Cent. (European & N. A. Branch) 4s, 1933
Mohawk & Malone 4s, 1991,
New York Central & Hudson River 3^s, 1997,
New York, New Haven & Hartford 4s, 1947,
New York, New Haven & Hartford 4s, 1955,
New York, New Haven & Hartford 3^s, 1947,
Pere Marquette 4s, 1943, ....
St. Paul, Minnesota & Manitoba 4-|s, 1933,
Toledo, Walhonding Valley & Ohio 4s, 1942,
West End Street 4s, 1915,
Worcester, Nashua & Rochester 4s, 1930, .
Worcester, Nashua & Rochester 4s, 1934, .
Book Value.
$15,000 00
5,000 00
5,000 00
5,000 00
10,000 00
5,000 00
50,000 00
5,000 00
10,000 00
5,000 00
15,000 00
10,000 00
5,000 00
32,000 00
10,000 00
10,000 00
12,000 00
5,000 00
15,000 00
25,000 00
13,000 00
13,000 00
5,000 00
9,000 00
6,000 00
10,000 00
20,000 00
10,000 00
5,000 00
5,000 00
20,000 00
6,000 00
5,000 00
4,000 00
$385,000 00
Rate.
101
100£
96
95|
101
102
96f
112
103£
95^
91f
105
106*
90
99f
97
106
100
101i
101*
91*
91
99
103
93i
101
101*
91
90
110
99
ioh
lOlf
Market Value.
$15,150 00
5,043 75
4,800 00
4,787 50
10,100 00
5,100 00
48,375 00
5,600 00
10,350 00
4,775 00
13,762 50
10,500 00
5,306 25
28,800 00
9,975 00
9,700 00
12,720 00
5,000 00
15,187 50
25,375 00
11,862 50
11,830 00
4,950 00
9,270 00
5,595 00
10,100 00
20,250 00
9,100 00
4,500 00
5,500 00
19,800 00
6,052 50
5,075 00
4,070 00
$378,362 50
78
AGGREGATE.
AGGREGATE.
Guaranty capital, .....
Assets.
Admitted assets, .....
Liabilities.
Xiabilities, . . . .
Income.
Net premiums, ......
Interest and dividends, ....
Rents, .......
All other sources, . . . . .
•
$100,000
$14,238,208
$6,917,886
$8,175,982
516,465
39,455
76,621
Total income, ........
$8,808,523
Disbursements.
Net amount paid for losses,
Brokerage and commissions,
Salaries and fees of officers and employees,
State and local taxes,
Rents, ......
Return of profits or surplus,
Dividends on guaranty capital, .
All other disbursements,
$1,107,338
308,387
362,346
94,806
24,373
5,802,761
7,000
385,906
Total disbursements, . . . . . ...
$8,092,917
General Items.
Net risks outstanding, . . . . . . .
Contingent premiums thereon, ......
Losses incurred, . . .
Permanent fund, ........
$1,239,821,981
38,236,270
1,128,545
4,378,338
CHINA MUTUAL INSURANCE CO.
79
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, ........ $302,865 42
Interest on stocks and bonds, $5,472.50; all other, $913.23, . 6,385 73
Atlantic Mutual Insurance Co. scrip, ..... 150 00
Borrowed money, ......... 50,000 00
From all other sources, ........ 40 50
Total income, ....
Ledger assets, Dec. 31, 1905, .
Total,
Disbursements
Net amount paid for marine losses,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents, .... 7 .
Taxes and fees, .....
Decrease in book value of stocks and bonds,
Interest on loans, .....
Profit and loss, .....
Borrowed money repaid,
All other disbursements,
Total disbursements,
Balance, .....
Ledger Assets
Stocks and bonds (schedule A),
Cash in banks and office,
Premiums in course of collection,
Bills receivable, .....
Total ledger assets,
Salvage,
Due from other companies,
Non-Ledger Assets.
$359,441 65
218,268 61
$577,710 26
$235,442 29
21,855 56
21,270 00
3,750 00
1,801 71
6,256 06
1,838 02
1,378 35
50,000 00
5,277 30
$348,869 29
$228,840 97
$114,352 00
22,512 36
56,710 67
35,265 94
$228,840 97
3,700 00
3,800 00
Gross assets, .
$236,340 97
80
CHINA MUTUAL INSURANCE CO.
Assets not admitted.
Book value of stocks and bonds over market value,
Prem's in course of collection over three months due,
Bills receivable, past due, . . .
Salvage, .......
Total unadmitted assets,
Total admitted assets, .....
Liabilities.
Unpaid losses, $66,862 ; less reinsurance, $9,363,
Unearned premiums on outstanding risks,
Interest due or accrued, . . . .
Miscellaneous expenses due or accrued, .
Commissions and other charges due agents and brokers,
Due for return premiums (estimated),
Due for reinsurance, ......
Unpaid scrip ordered to be redeemed,
$88 00
228 00
122 28
3,700 00
All liabilities, except scrip and surplus,
Surplus to policy holders, ....
Scrip outstanding not ordered to be redeemed,
Impairment of scrip reserve, ....
Risks and Premiums.
$21,200 68
Marine risks outstanding Dec. 31, 1905,
Marine risks written during 1906, .
Total, . . r
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Marine and inland losses incurred during the year,
$9,188,453 00
20,882,618 00
$30,071,071 00
19,809,144 00
$10,261,927 00
657,524 00
:,138 28
$232,202 69
$57,499 00
142,696 46
332 20
500 00
2,500 00
500 00
6,914 35
60 00
$211,002 01
506,090 00
484,889 32
Premiums.
$232,123 70
398,081 36
$630,205 06
372,391 86
$257,813 20
22,749 50
1,604,403 00 $235,063 70
$20,425,949 00
. 14,671,227 00
313,236 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
200 shares Boston & Albany,
303 " New York, New Haven & Hartford,
Miscellaneous Stocks.
Atlantic Mutual Ins. Co. Scrip Issue 1901, .
Atlantic Mutual Ins. Co. Scrip Issue 1902, .
Atlantic Mutual Ins. Co. Scrip Issue 1903, .
Atlantic Mutual Ins. Co. Scrip Issue 1904, .
Atlantic Mutual Ins. Co. Scrip Issue 1905, .
Atlantic Mutual Ins. Co. Scrip Issue 1906, .
10 shares Underwriters' Salvage Co., .
Railroad Bonds.
Boston & Maine 3£s, 1921, . .
Book Value.
$48,000 00
57,570 00
4,932 00 ^
1,000 00
2,850 00
$114,352 00
Rate.
239*
190*
100
100
100
100
100
100
100
96|
Market Value.
$47,900 00
57,721 50
2,000 00
720 00
630 00
700 00
540 00
150 00
1,000 00
2,902 50
$114,264 00
INDIA MUTUAL INSURANCE CO.
81
INDIA MUTUAL INSURANCE COMPANY, BOSTON.
Incorporated March 29, 1867. Commenced business May 2, 1867.
Guaranty Fund Paid up in Notes, $150,000.
H. B. ALDEN, President. GEO. H. CROWELL, Secretary
Office, 72 Kilby Street.
Income.
Net fire premiums,
Interest on stocks and bonds, $5,429 . 06 ;
Profit on sale of stock, .
all other, $434.78,
Total income,
Ledger assets, Dec. 31, 1905, less decrease of $2,000 in guaranty-
fund, .....
Total,
Disbursements.
Net amount paid for fire losses,
Interest and dividends to scrip holders, .
Interest paid to scrip holders, ....
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees,
Rents, .......
Taxes and fees, ......
Uncollected premiums, .....
Deposits with Underwriters' boards,
All other disbursements, ....
Total disbursements, ....
Balance, ......
Ledger Assets.
Stocks and bonds (schedule A),
Cash in banks and office, ......
Agents' balances, ........
Subscription notes on time not exceeding 12 months not yet due,
Total ledger assets, ......
Non-Ledger Assets.
Interest accrued on bonds, ......
Market value of stocks and bonds over book value, .
Gross assets, ........
Assets not admitted.
Agents' balances over three months due, ....
Total admitted assets, ......
Liabilities.
Unpaid losses, including $1,200 resisted, ....
Unearned premiums on outstanding risks,
Dividends due scrip holders, ......
$146,503 95
5,863 84
1,623 12
$153,990 91
287,247 44
$441,238 35
$69,880 23
3,040 00
3,889 34
33,925 -77
8,717 90
2,104 18
2,865 84
62 39
200 00
3,141 17
$127,826 82
$313,411 53
$129,569 31
10,892 97
22,949 25
150,000 00
$313,411 53
127 00
17,625 69
$331,164 22
3,109 83
$328,054 39
$24,547 59
93,720 22
627 30
82
INDIA MUTUAL INSURANCE CO.
Salaries and other miscellaneous expenses, due or accrued,
Due for reinsurance, .......
$500 00
743 02
All liabilities, except capital and surplus, .
Surplus to policy holders, ....
Guaranty fund, ......
Scrip outstanding not ordered to be redeemed,
Impairment of scrip reserve, ....
Risks and Premiums.
$207,916 26
Risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$13,175,833 00
14,829,763 00
$28,005,596 00
13,207,697 00
$14,797,899 00
506,906 00
$120,138 13
150,000 00
150,471 00
92,554 74
Premiums.
$166,336 79
180,868 63
$347,205 42
160,069 98
$187,135 44
5,298 43
$14,290,993 00 $181,837 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,
£4,444,057 00
3,061,274 00
81,333 00
146,697 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
25 shares Boston & Albany,
112* " Boston & Maine,
25 " Fitchburg, preferred,
150 " Old Colony,
100 " Pennsylvania, .
125 " West End Street, preferred,
Miscellaneous Stocks.
60 shares American Telephone & Telegraph Co.,
50 " Pullman Co., ....
10 " Southern Oregon Co.,
India Mutual scrip, $5,801,
Railroad Bonds.
Chicago, Burlington & Quincy Jt. 4s, 1921,
New York Central & Hudson River 4s, 1934,
N. Y., New Haven & Hartford convert. 3*s, 1956
Pennsylvania convertible 3*s, 1915, .
Miscellaneous Bonds.
American Telephone & Telegraph 5s, 1907,
Book Value.
$5,716 00
16,616 06
2,383 25
18,750 00
6,843 75
9,872 75
9,225 00
6,232 00
843 00
9,515 00
2,960 00
25,800 00
4,675 00
10,137 50
$129,569 31
Rate.
239*
161
133
198
138|
218
133*
182
96^
97|
112
93
99i
Market Value.
$5,987 50
18,112 50
3,325 00
29,700 00
6,918 75
13,625 00
8,010 00
9,100 00
9,687 50
2,928 75
25,200 00
4,650 00
9,950 00
$147,195 00
AGGREGATE.
83
AGGREGATE.
Whole amount of guaranty fund, in subscription notes,
Whole amount of outstanding scrip not cancelled,
Assets.
Liabilities.
Income.
Admitted assets,
Liabilities,
Net fire premiums,
Net marine premiums,
Interest and dividends,
Borrowed money,
All other sources,
Total income,
Disbursements.
Net amount paid for fire losses, .
Net amount paid for marine losses,
Brokerage and commissions,
Salaries and pay of officers and employees,
Rents, .
State and local taxes,
Office, agency and incidental expenses,
Interest paid scrip holders, .
Borrowed money repaid,
Total disbursements, .
Miscellaneous.
Net fire risks outstanding, .
Net marine risks outstanding,
Fire losses incurred, ....
Marine losses incurred,
$150,000
656,561
$563,957
$331,140
$146,504
302,865
12,250
50,000
1,814
$513,433
$69,880
235,442
55,781
29,988
5,854
4,669
18,153
6,929
50,000
$476,696
$14,290,993
9,604.403
81,333
313,236
84
BOSTON INSURANCE CO.
MASSACHUSETTS JOINT-STOCK FIRE, MARINE AND
FIRE-MARINE INSURANCE COMPANIES.
AMERICAN INSURANCE COMPANY, BOSTON.
Incorporated June 12, 1818. Commenced business June 18, 1818.
Paid-up Capital, $300,000.
FRANCIS PEABODY, President. HENRY S. BEAN, Secretary.
Office, SO Kilby Street.
[For further information concerning this Company see Index.]
BOSTON INSURANCE COMPANY, BOSTON.
Incorporated Dec. 23, 1873. Commenced business Jan. 20, 1874.
Paid-up Capital, $1,000,000.
RANSOM B. FULLER, President. THOMAS H. LORD, Secretary.
Office, 187 Milk Street.
Income.
Net fire premiums, $870,360.95; marine, $1,356,664.34,
Interest on mortgage loans, $53,690.99; collaterals, $8,266.19:
,381.81; all other
, $13,741.30,
$2,227,025 29
stocks and bonds,
Rents,
Profit on sale or maturity of ledger assets
Taxes refunded,
Total income,
Ledger assets, Dec. 31, 1905,
Total,
Disbursements.
Net amount paid for fire losses, $366,253.19; marine, $653,233.63,
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, $353.63; other taxes and fees, $43,943.75,
Advertising, printing and stationery,
Legal expenses,
Boards and patrols,
Furniture and fixtures,
Maps and surveys,
Profit and loss,
171,080 29
1,526 00
16,593 40
6,860 13
$2,423,085 11
4,147,537 17
$6,570,622 28
,019,486 82
120,000 00
393,317 78
152,790 39
17,531 76
648 87
44,297 38
11,552 48
509 16
14,659 69
5,381 48
1,837 72
1,314 30
BOSTON INSURANCE CO.
85
Reduction in book value of real estate, .
All other disbursements, ....
Total disbursements, ....
Balance, ......
Ledger Assets.
Real estate, $58,000; mortgages, $1,301,900, .
Loans secured by collateral (schedule A),
Stocks and bonds (schedule B), .
Cash in banks and office, ....
Agents' balances, ......
Bills receivable, not matured,
Atlantic Mutual Insurance Co. scrip,
Due from other companies for reinsurance,,
Deposit with fire boards, ....
Total ledger assets, .......
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $9,504.42; stocks and bonds, $8,608 . 07 ; other
assets, $400, .
Market value of stocks and bonds over book value, .
$505 87
23,465 12
$1,807,298 82
$4,763,323 46
$1,359,900 00
91,600 00
2,501,455 93
379,127 01
335,588 51
69,414 29
1,000 00
25,037 72
200 00
$4,763,323 46
Gross assets, . . . . . . .
Assets not admitted.
Agents' balances over three months due, . . $19,067 85
Bills receivable, past due, ..... 5,453 01
Special deposits less $3,856.50 liability thereon, . 17,242 50
Deposit with fire boards, ..... 200 00
Due from unauthorized companies for reinsurance, . 11,748 11
Total unadmitted assets, ....
Total admitted assets, ......
Liabilities.
Unpaid losses, including $8,767.47 resisted, $347,457.08; less
reinsurance, $30,086.16, .......
Unearned premiums on outstanding risks, ....
Commissions and other charges due agents and brokers,
Due for reinsurance, ........
Contingent salvage, ........
18,512 49
297,588 95
$5,079,424 90
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$3,403,848 07
Total liabilities,
53,711 47
$5,025,713 43
$317,370 92
1,258,110 20
39,599 64
3,807 10
2,977 50
51,621,865 36
1,000,000 00
2,403,848 07
$5,025,713 43
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Premiums.
$142,488,350 00 $1,419,257 97
144,630 722,00 1,376,121 78
$287,119,072 00 $2,795,379 75
86
BOSTON INSURANCE CO.
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Marine risks outstanding Dec. 31, 1905,
Marine risks written during 1906, .
Total, .
Risks expired and terminated,
In force at end of year, .
Amount reinsured, . . .
Net amount in force,
$110,035,338 00
$177,083,734 00
38,507,257 00
Premiums.
,088,105 51
,707,274 24
354,118 99
$138,576,477 00 $1,353,155 25
$22,072,788 00
162,392,664 00
$184,465,452 00
155,590,804 00
$28,874,648 00
663,325 00
$709,124 12
1,632,334 11
$2,341,458 23
1,453,611 20
$887,847 03
22,964 89
$28,211,323 00 $864,882 14
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, . . .
$44,517,719 00
28,288,891 00
368,042 00
709,753 00
2,960,000 00
120,000 00
138,900 00
Schedule A. Securities held as Collateral.
Company's
Market Value.
$28,220 00
18,750 00
1,500 00
46,056 80
2,121 20
2,000 00 J
9,600 00
10.950 00 1
1,510 00 /
1.000 00
20,000 00
4,500 00
83 shares Boston Safe Deposit & Trust Co.,
375 " Eastern Steamship Co., .
10 " Bangor & Aroostook R. R. Co.,
10 " Aroostook Construction Co.,
20 " Northern Telegraph Co. (Par $50),
2,000 " Bangor Investment Co. (Par $1),
60 " General Electric Co.,
50 " Bates Manufacturing Co.,
5 " First National Bank, Boston, Mass.,
4 " Union Insurance Co., Bangor, Me.,
Eastern Steamship Co. 5s, 1927,
Mortgage, No. 71 Highland Street, Roxbury, Mass.,
Loaned
Thereon.
$15,000 00
8,500 00
35,000 00
6,000 00
9,000 00
600 00
15,000 00
2,500 00
$146,208 00 $91,600 00
Schedule B. Stocks and Bonds owned by the Company.
Railroad Stocks.
350 shares Boston & Albany, .
100 " Boston & Lowell, .
270 " Chic, Milwaukee & St. Paul (com.),
270 rights Chic, Milwaukee & St. Paul, .
Subscrip. to 67 shares C, M. & St. P. com. st'k
(10% pd.),
Subscrip. to 135 shares C, M. & St. P. pref. st'k
(10% pd.),
75 shares Connecticut & Passumpsic (pref.),
500 " Delaware & Hudson,
250 " Fitchburg (preferred),
50 " Manchester & Lawrence,
1,130 " New York Central & Hudson,
1,000 " New. York, New Haven & Hartford
100 " Old Colony, ....
1,600 " Pennsylvania, .
60 " Wisconsin Central (preferred),.
60 " Wisconsin Central (common), .
Book Value.
$72,624 27
16,412 50
29,312 70
670 00
1,350 00
10,338 25
93,890 62
20,808 38
12,582 50
164,690 00
192,442 78
17,712 50
99,071 88
5,718 75
2,093 48
Rate.
239^
231
148f
33i
100
100
156|
222
133
250
131
190£
198
138f
49
25
Market Value.
$83,825 00
23,100 00
40,196 25
9,045 00
670 00
1,350 00
11,765 63
111,000 00
33,250 00
12,500 00
177,636 00
190,500 00
19,800 00
110,700 00
2,940 00
1,500 00
BOSTON INSURANCE CO.
87
Bank Stocks.
100 shares Atlantic National, Boston,
130 " Beverly National, .
100 " Brookline National,
182 " Commercial National, Boston,
125 " Faneuil Hall National, Boston,
300 " First National, Boston. .
Equity in 100 shares First Nat., Salem (in liq.),
125 shares Freeman's National, Boston, .
100 " Mercantile National, Salem,
400 " Merchants National, Boston, .
100 " Merchants National, Worcester,
' 100 " Merchants National, Salem,
150 " National Bank of Republic, Boston,
100 " National Exchange, Boston,
17 " National Grand, Marblehead, .
200 " National Shav/mut, Boston,
50 " Naumkeag National, Salem,
150 " New England National, Boston,
300 " State National, Boston, .
Equity in 50 shares Tremont National (in liq.),
154 shares Webster- Atlas National, Boston,
Miscellaneous Stocks.
1,000 shares American Tel. & Tel. Co.,
275 " Edison Electric Illuminating Co.,
500 " Old Colony Insurance Co., Boston,
408 " Pullman Co.,
5 " Underwriters' Salvage Co. of N. Y.,
State and Municipal Bonds.
Boston, Mass., 4s, 1909,
Boston, Mass., 4s, 1910,
Boston, Mass., 4s, 1920,
Boston, Mass., 4s, 1921,
Boston, Mass., 4s, 1921,
Georgia 4*s, 1915,
Georgia 4*s, 1915,
Georgia 3*s, 1918,
Georgia 3*s, 1920.
Georgia 3*s, 1928,
Newton, Mass., 4s, 1920,
Savannah, Ga., 5s, 1909,
Railroad Bonds
Albany & Susquehanna 3*s, 1946, .
Atchison, Topeka & Santa F6 gen. mtge. 4s, 1995,
Atchison, Topeka & Santa Fe adjustment 4s, 1995,
Boston & Lowell 4s, 1932,
Chicago, Burlington & Quincy 4s. 1922,
Fitchburg 5s, 1908, . .
Fitchburg 4s, 1925, ....
Fitchburg 4s, 1927, ....
Illinois Central (Louisville Division) 3*s, 1953,
N. Y. Cen. & Hudson River (Lake Shore) 3*s, 1998
N. Y., N. H. & H. convertible 3*s, 1956,
Old Colony 4s, 1925,
Oregon Short Line 6s, 1922,
Oregon Short Line 5s, 1946,
Pennsylvania convertible 3*s, 1912,
Pennsylvania convertible 3*s, 1915,
Southern 4s, 1951, .
West Shore 4s, 2361,
Wisconsin Central 4s, 1949,
Miscellaneous Bonds.
American Tel. & Tel. Co. notes, 6s, 1907,
Clyde Steamship Co. 5s, 1934, .
Eastern Steamship Co. 5s, 1927,
Mallory Steamship Co. 5s, 1932,
New England Tel. & Tel. Co. notes, 6s, 1907,
Book Value.
$15,593 00
16,603 00
10,000 00
34,955 00
17,209 25
56,663 00
7,793 13
11,050 00
12,285 37
67,169 13
15,000 00
6,822 75
19,391 12
11,625 00
2,040 00
30,000 00
6,790 00
20,584 00
39,886 08
2,556 50
21,108 50
119,909 51
62,952 22
75,000 00
35,411 25
500 00
14,712 49
9,808 34
50,565 00
51,062 50
102,750 00
2,280 00
3,420
1,067
3,232
1,102
25,500 00
10,578 37
00
50
50
50
10,164 80
39,676 07
21,931 36
25,500 00
5,000 00
26,010 41
51,125 00
10,687 50
23,750 00
44,550 00
37,500 00
16,462 50
10,000 00
600 00
10,000 00
20,000 00
2,510 22
5,175 00
11,718 33
50,000 00
144,399 12
50,000 00
100,000 00
50,000 00
$2,501,455 93
Rate.
143
150
200
140
160
298
25
117
103
210
160
160
164
159
115
275
151
140
149
148
133*
227*
150
182
100
100
100
102f
102|
102f
111
111
104$
105f
109
102f
101*
112
100
91f
103*
99*
1001
101*
101*
91*
86}
112
102*
121*
114*
98 ~
93
96*
103*
88*
100
99
100
99
100
Market Value.
$14,300 00
19,500 00
20,000 00
25,480 00
20,000 00
89,400 00
2,500 00
14,625 00
10,300 00
84,000 00
16,000 00
8,000 00
24,600 00
15,900 00
1,955 00
55,000 00
7,550 00
21,000 00
44,700 00
22,792 00
133,500 00
62,562 50
112,500 00
74,256 00
500 00
15,000 00
10,000 00
51,312 50
51,375 00
102,750 00
2,220 00
3,330 00
1,046 25
3,161 25
1,090 00
25,656 25
10,251 50
11,200 00
56,000 00
27,525 00
25,812 50
4,993 75
25,062 50
50,750 00
10,150 00
22,812 50
43,125 00
42,000 00
15,375 00
12,150 00
572 50
9,800 00
18,600 00
1,930 00
5,175 00
10,620 00
50,000 00
148,500 00
50,000 00
99,000 00
50,000 00
$2,799,044 88
88
MERCANTILE FIRE AND MARINE INSURANCE CO.
MERCANTILE FIRE AND MARINE INSURANCE COMPANY, BOSTON.
Incorporated Feb. 11, 1823. Commenced business May, 1823.
Paid-up Capital, $200,000.*
GEO. T. CRAM, President.
JAMES SIMPSON, Secretary.
Office, 47 Kilby Street.
Income.
Gross fire premiums, .......
Interest on mortgage loans, $5,034 . 15 ; collaterals, $582 . 50
stocks and bonds, $13,386.89; all other, $5,709.33,
Profit and loss, ........
Commissions, ...'.....
Borrowed money, . ... • .
Assessment on capital stock, ......
Total income, .......
Ledger assets, Dec. 31, 1905, ......
Total,
Disbursements.
Net amount paid for fire losses, .....
Reinsurance and return premiums, .
Interest and dividends to stockholders, ....
Commissions or brokerage, ......
Salaries, fees, etc., of officers and employees,
Rents, .........
Taxes and fees, . . . . . . . .
Profit and loss, ........
All other disbursements, ......
Total disbursements, ......
Balance, ........
Ledger Assets.
Mortgages, ....
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Due from other companies,
Total ledger assets, ....
Non-Ledger Assets.
Interest accrued : —
On mortgages, $319 . 95 ; bonds, $1,064 . 98,
Market value of stocks and bonds over book value,
Gross assets, . . .
$592,721 67
24,712 87
60,438 21
162,515 93
70,000 00
79,164 64
,553 32
674,925 89
,664,479 21
$502,742 00
705,058 09
16,000 00
106,744 43
8,016 48
1,094 25
4,592 51
5,003 84
12,791 22
1,362,042 82
$302,436 39
$54,300 00
94,076 25
100,994 43
29,212 04
23,853 67
$302,436 39
1,384 93
7,037 50
$310,858 82
* Capital decreased during the year $200,000.
MERCANTILE FIRE AND MARINE INSURANCE CO.
89
Assets not admitted.
Due from unauthorized companies, .....
Total admitted assets, .......
Liabilities.
Unpaid losses, including $7,420.88 resisted, $183,443.81; less
reinsurance, $133,466.25, .......
Interest due or accrued, .......
Borrowed money, .........
1,890 70
$303,968 12
All liabilities, except capital and surplus,
Paid-up capital, .....
Impairment of capital, ....
Surplus to policy holders,
$200,000 00
17,213 75
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
$78,879,258 00
45,402,058 00
,977 56
1,204 31
70,000 00
$121,181 87
182,786 25
$303,968 12
Premiums.
,823 82
592,721 67
$124,281,316 00 $1,559,545 49
59,422,220 00 782,241 92
$64,859,096 00
64,859,096 00
$777,303 57
777,303 57
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 compaii}'',
Stock dividends declared from organization of company,
Dividends declared during the year (8 per cent.),
Company's stock owned by directors,
$13,573,016 00
8,979,639 00
526,483 00
2,456,720 00
100,000 00
16,000 00
33,450 00
Schedule A. Stocks and Bonds owned by the Company.
Bank Stocks.
120 shares Union National, Boston, .
Municipal Bonds.
Cambridge, Mass., 4s, 1912,
Railroad Bonds.
Boston & Albany 4s, 1913,
Boston & Lowell 4s, 1913,
Boston Terminal 3^s, 1947,
Chicago, Burlington & Quincy 3^s, 1949,
Fitchburg 4s, 1907, ....
New York Central & Hudson River 4s, 1934,
New York, New Haven & Hartford 3^s, 1947,
Book Value.
$12,000 00
5,000 00
10,000 00
5,000 00
20,700 00
10,000 00
7,000 00
7,052 50
17,323 75
$94,076 25
Rate.
178
100^
101
100i
1051
92
100
97f
91
Market Value.
$21,360 00
5,025 00
10,100 00
5,025 00
21,100 00
9,200 00
7,000 00
6,833 75
15,470 00
$101,113 75
Since December 31 the impairment has been made good and a surplus of $19,626.85 was
shown by an official examination by this department Jan. 22, 1907.
90
OLD COLONY INSURANCE CO.
OLD COLONY INSURANCE COMPANY, BOSTON.
Incorporated June 2, 1906. Commenced business June 7, 1906.
Paid-up Capital, $400,000.
RANSOM B. FULLER, President. CHARLES D. HODGES, Secretary.
Office, 137 Milk Street.
Income.
Net fire premiums, ........
Interest on mortgage loans, $732.27 ; stocks and bonds, $2,831.94;
all other, $4,140.94,
Premium on capital stock, .......
Total income, . . . .
Ledger assets on organization, ......
Total,
Disbursements.
Net amount paid for fire losses, ......
Commissions or brokerage, . . . .
Salaries, fees, etc., of officers and employees, . . ' .
Rents, ..........
Taxes and fees, . . . . . . ...
Advertising, printing and stationery, . . . • .
Maps, ...........
Legal expenses, .........
All other disbursements, .......
Total disbursements, .......
Balance, .........
Ledger Assets.
Mortgages, . . . .
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Reinsurance due on losses paid,
Deposit with Philadelphia Board of Underwriters,
Total ledger assets, .......
Non-Ledger Assets.
Interest accrued : —
On mortgages, $950.11; bonds, $3,159.59, .
Gross assets, .........
Assets not admitted.
Book value of stocks and bonds over market value . $6,331 10
Deposit with Philadelphia Board of Underwriters, . 100 00
Total unadmitted assets, .... —
Total admitted assets, .......
$108,810 11
7,705 15
200,000 00
$316,515 26
400,000 00
$716,515 26
$6,571 22
22,377 21
9,052 09
1,406 24
1,546 19
3,276 90
744 50
375 00
2,408 38
$47,757 73
$668,757 53
$108,500 00
441,201 10
85,973 87
31,543 69
1,438 87
100 00
$668,757 53
4,109 70
$672,867 23
6,431 10
$666,436 13
SPRINGFIELD FIRE AND MARINE INSURANCE CO.
91
Liabilities.
Unpaid losses, $7,258.82; less reinsurance, $20.33, .
Unearned premiums on outstanding risks,
Commissions and other charges due agents and brokers,
Due for reinsurance; ......
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$594,710 48
Total liabilities,
Risks and Premiums.
Fire risks written during 1906,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$14,621,371
2,537,757
00
00
$7,238 49
60,119 03
3,903 03
465 10
$71,725 65
400,000 00
194,710 48
$666,436 13
Premiums.
$143,922 38
20,294 84
$12,083,614
1,748,493
00 $123,627 54
00 18,816 29
$10,335,121 00 $104,811 25
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,
$143,922 00
9,534 00
13,810 00
142,700 00
Schedule A. Stocks and Bonds owned by the Company.
Bank Stocks.
100 shares Merchants National, Worcester,
State and Municipal Bonds.
Belmont, Mass., 4s, 1910,
Belmont, Mass., 4s, 1911,
Boston, Mass., 3^s, 1925, .
Cambridge, Mass., 4s, 1910,
Gloucester, Mass., 4s, 1908,
Holyoke, Mass., 4s, 1907-36,
Lawrence, Mass.. 4s, 1911,
Lawrence, Mass., 4s, 1914,
Lynn, Mass., 4s, 1916,
Massachusetts 3^s, 1935, .
Milton, Mass., 3^s, 1912, .
Watertown, Mass., 4s, 1912-16,
Railroad Bonds.
New York, New Haven & Hartford 4s, 1956,
Miscellaneous Bonds.
American Tel. & Tel. Co. 5s, 1907,
Book Value.
$15,800 00
3,015 00
1,006 10
99,250 00
50,250 00
10,000 00
30,696 00
9,101 25
5,106 25
25,412 50
104,700 00
985 00
10,129 00
50,750 00
25,000 00
$441,201 10
Rate.
160
lOOf
100f
96f
100
100
102|
100f
10H
ioif
lOOf
99
101*
101*
99*
Market "Value.
$16,000 00
3,011 25
1,006 25
96,750 00
50,000 00
10,000 00
30,862 50
9,056 25
5,075 00
25,468 75
100,875 00
990 00
10,150 00
50,750 00
24,875 00
$434,870 00
SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY,
SPRINGFIELD.
Incorporated 1849. Commenced business 1851.
Paid-up Capital, $2,000,000
A. W. DAMON, President
Net fire premiums,
Income.
W. J. MACKAY, Secretary.
. $4,574,254 42
92
SPRINGFIELD FIRE AND MARINE INSURANCE CO.
Interest on mortgage loans, $26,590.79; collaterals, $342.11;
stocks and bonds, $169,167 . 57 ; deposits, $14,392 .51, .
Rents, including company's own occupancy,
Profit on sale or maturity of ledger assets,
Total income, ....
Ledger assets, Dec. 31, 1905, .
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,
Real estate taxes, $6,132; other taxes and fees, $124,907.21,
Loss on sale or maturity of ledger assets,
Office and agency supplies,
Maps, .......
Legal expenses, .....
Agents' balances, .
Traveling expenses, ....
All other disbursements,
Total disbursements,
Balance, .....
Ledger Assets.
Real estate, $352,443.92; mortgages, $768,070,
Loans secured by collateral (30 shares Eastern Oil Co., 22 shares
Boston & Albany), ........
Stocks and bonds (schedule A), ...
Cash in banks and office, .......
Agents' balances, .........
$210,492 98
16,214 91
421,583 28
. $5,222,545 59
. 6,403,302 83
$11,625,848 42
. $3,349,131
14
200,000
00
866,504 44
199,120
97
10,000
00
131,039
21
12,608
05
50,234
70
12,639
21
6,517
16
4,018
03
188,937
60
172,700
84
. $5,203,451
35
. $6,422,397 07
51,120,513 92
6,000 00
3,865,375 98
586,262 99
844,244 18
Total ledger assets, .......
Non-Ledger Assets.
Interest accrued : —
On mortgages, $12,940.13; bonds, $16,493.75; collateral loans,
$150,
Market value of stocks and bonds over book value, .
Gross assets, .........
i,422,397 07
29,583 88
478,441 27
$6,930,422 22
$18,359 01
443 92
Assets not admitted.
Special deposits less $103,178.49 liability thereon,
Book value of real estate over market value, .
Total unadmitted assets, ... —
Total admitted assets, .......
Liabilities.
Unpaid losses, including $25,170.84 resisted, $392,645.79; less
reinsurance, $60,118.18, .......
18,802 93
1,911,619 29
$332,527 61
SPKINGFIELD FIRE AND MARINE INSURANCE CO.
93
Unearned premiums on outstanding risks, $3,432,608.85
same on disallowed reinsurance, $4,957 . 62, .
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, . . .
Surplus over capital and general liabilities,
plus
,141,525 21
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, .
Risks expired and terminated
In force at end of year, .
Amount reinsured,
Net amount in force,
$551,944,557 00
. 489,021,434 00
$,437,566 47
$,770,094 08
2,000,000 00
1,141,525 21
^6,911,619 29
Premiums.
56,323,025 54
5,956,466 54
1,040,965,991 00 $12,279,492 08
. 416,986,150 00 4,982,747 58
$623,979,841 00 $7,296,744 50
. 73,966,101 00 797,935 31
$550,013,740 00 $6,498,809 19
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,
,465,386 00
39,478,835 00
3,476,840 00
5,154,542 00
1,500,000 00
200,000 00
121,800 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
500 shares Atchison, Topeka & Santa Fe, pref.,
500 " Baltimore & Ohio, common,
500 " Chic, Milwaukee & St. Paul, com.,
Subscrip. to 387 shares Chic, Mil. & St. Paul, com
(10% pd.),
1,050 shares Chic, Milwaukee & St. Paul, pref.,
1,550 rights Chic, Milwaukee & St. Paul, pref.,
Subscrip. to 775 shares Chic, Mil. & St. Paul, pref.
(10% pd.),
400 shares Connecticut River, .
140 " Hampshire Street,
800 " Holyoke Street,
1,000 " Illinois Central,
1,000 " Manhattan Street,
500 " Northern Pacific, .
4,800 " Pennsylvania,
500 " Southern Pacific, common,
500 " Southern, preferred,
1,000 " Springfield Cos., preferred,
1,000 " Union Pacific, common, .
Bank Stocks.
20 shares Adams National, North Adams,
150 " Boylston National, Boston,
250 " Chapin National, Springfield, .
300 " Chicopee National, Springfield,
300 " City National, Holyoke,
100 " Eliot National, Boston, .
60 " First National, Northampton,
200 " Fourth National, New York, .
Book Value.
$49,899 58
50,562 50
60,469 72
3,870 00
141,475 00
7,750 00
98,800 00
14,000 00
132,385 00
118,881 28
157,187 50
90,562 50
296,879 14
46,737 50
47,200 00
100,000 00
114,254 40
2,910 00
21,238 00
31,302 50
41,694 00
33,328 75
10,496 75
8,686 50
23,880 75
Rate.
99
119*
148|
100
162f
331
100
285
120
215
1651.
142f
185£
138|
92|
94
98
180£
115
100
120
155
120
200
130
212^
Market Value.
$49,500 00
59,750 00
74,437 50
3,870 00
170,887 50
51,925 00
7,750 00
114,000 00
16,800 00
172,000 00
165,500 00
142,750 00
92,625 00
332,100 00
46,375 00
47.000 00
98,000 00
180,250 00
2,300 00
15,000 00
30,000 00
46,500 00
36,000 00
20,000 00
7,800 00
42,500 00
94
SPRINGFIELD FIRE AND MARINE INSURANCE CO.
62 shares Freeman's National, Boston, .
100 " Holyoke National, Holyoke, .
150 " Merchants' National, Boston, .
200 " Merchants' National, Worcester,
35 " Monson National, Monson,
250 " National Bank of Commerce, Boston,
300 " Nat'l Bank of Commerce, New York,
163 " National Exchange, Boston,
200 " Nat. Bk. of N. America, New York,
300 " National Bank of Republic, Boston,
522 " National Shawmut, Boston,
400 " New England National, Boston,
108 " Northampton Nat'l, Northampton,
100 " Old Boston National, Boston,
500 " Second National, Boston,
460 " Third National, Springfield, .
100 " Webster & Atlas National, Boston,
Miscellaneous Stocks.
200 shares American Express Co., .
100 " Holyoke Water & Power Co., .
400 " Maiden & Melrose Gas Light Co.,
1,000 " Massachusetts Gas Cos., preferred,
1,050 " N. E. Investment & Sec. Co., pref.,
750 " Pullman's Palace Car Co.,
200 " Springfield Gas Light Co.,
State, County and Municipal Bonds.
Georgia 4£s, 1915, .
Port of Portland, Ore., 4s, 1933,
Richmond, Va., 4s, 1938, .
Valencia County, New Mexico, 5s, 1932,
Railroad Bonds.
Holyoke Street 5s, 1920, ....
Holyoke Street 5s, 1923, ....
New York, New Haven & Hartford 3^s, 1956,
Miscellaneous Bonds.
American Writing Paper Co. 5s, 1919,
Central Union Telephone Co. 5s, 1919,
Conn. Safe Dep. & Trust Co. 5% cert, (secured
by deposit in trust of 500 shares Conn. & Pas-
sumpsic Rivers R.R. stock), ....
Torrington Co. 5s, 1918,
Western United Gas & Electric Co. 5s, 1940-44, .
Book Value.
$6,746 75
15,800 00
20,083 00
32,200 00
5,596 00
34,512 13
48,380 13
22,754 12
28,212 76
47,367 50
126,427 00
59,630 75
19,762 00
12,216 25
107,945 00
80,642 50
13,056 00
42,025 00
35,055 00
68,400 00
86,000 00
101,412 50
66,160 35
50,500 00
11,425 00
50,000 00
53,375 00
10,550 00
8,000 00
23,506 00
685,433 87
14,000 00
49,750 00
50,000 00
25,000 00
49,000 00
Rate.
117
170
210
160
123
156
181
159
270
164
275
140
200
109
225
220
148
240
350
180
85
921
182
260
111
100
100
104f
108f
1101
112
87
95
100
100
99
Market Value.
$7,254 00
17,000 00
31,500 00
32,000 00
4,305 00
39,000 00
54,300 00
25,917 00
54,000 00
49,200 00
143,550 00
56,000 00
21,600 00
10,900 00
112,500 00
101,200 00
14,800 00
48,000 00
35,000 00
72,000 00
85,000 00
97,125 00
136,500 00
52,000 00
11,100 00
50,000 00
50,000 00
10,437 50
8,700 00
25,908 75
672,000 00
17,400 00
47,500 00
50,000 00
25,000 00
49,500 00
5,865,375 98
1,343,817 25
AGGREGATE .
95
AGGREGATE.*
Capital Stock.
Whole amount of capital actually paid up in cash,
$3,600,000
Assets.
Admitted assets, ........
$12,907,737
Liabilities.
Liabilities, .........
$5,584,867
Income.
Fire premiums, ........
Net marine premiums, .......
Interest and dividends, .......
All other sources, ........
$6,146,147
1,356,664
413,991
1,034,897
Total income, . . . ...
$8,951,699
Disbursements.
Net amount paid for fire losses, .
Paid for marine losses,
Dividends to stockholders,
Brokerage and commissions,
Rents,
Salaries and pay of officers and employees,
State and local taxes,
Office, agency and incidental expenses,
Reinsurance and return premiums,
$4,224,697
653,234
336,000
1,388,943
30,032
368,979
181,475
532,132
705,058
Total disbursements, .......
$8,420,550
Miscellaneous.
Cash dividends declared,
Net fire risks outstanding, .
Net marine risks outstanding,
Fire losses incurred, ....
Marine losses incurred,
$336,000
698,925,338
28,211,323
4,385,175
709,753
* Not including the American of Boston.
96 ADIRONDACK FIRE INSURANCE CO.
FIRE, MARINE AND FIRE-MARINE INSURANCE COMPANIES
OF OTHER STATES.
ADIRONDACK FIRE INSURANCE COMPANY, NEW YORK, N. Y.
Incorporated April 13, 1906. Commenced business May 1, 1906.
Paid-up Capital, $200,000.
G. A. MITCHELL, President. R. H. McKelvey, Secretary.
Home Office, 66 Broadway.
Income.
Net fire premiums, $124,170 03
Interest on bonds, ........ 6,119 12
Total income, . $130,289 15
Ledger assets, May 1, 1906, . . . . . ... 300,142 46
Total,
Disbursements.
Net amount paid for fire losses,
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees,
Taxes and fees, . . . . . .
Organization expenses, .....
430,431
61
$18,757 73
7,264
17
25,619
34
1,188
27
679
65
Total disbursements, ....... $53,509 16
Balance, . . . $376,922 45
Ledger Assets.
Bonds (schedule A), $306,750 00
Cash in banks and office, . . . . . . 43,425 24
Agents' balances, . . . ' . 26,747 21
Non-Ledger Assets.
Total ledger assets,
Interest accrued on bonds,
Gross assets, ......
Assets not admitted.
Agents' balances over three months due, .
Book value of bonds over market value, .
Total unadmitted assets,
Total admitted assets, . . . . . $371,541 23
•
$376,922 45
•
1,812 53
•
$378,734 98
$100 00
7,093 75
7 10^ 7^
vETNA INSURANCE CO.
97
Liabilities.
Unpaid losses, $4,626.28; less reinsurance, $15.40,
Unearned premiums on outstanding risks,
All liabilities, except capital and surplus, .
Surplus to policy holders, ....
Paid-up capital, ......
Surplus over capital and general liabilities,
$300,977 03
Total liabilities,
Risks and Premiums.
Fire risks written during 1906,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
59,557,146
1,928,201
$4,610 88
65,953 32
$70,564 20
200,000 00
100,977 03
$371,541 23
Premiums.
00 $168,367 14
00 28,604 36
$7,628,945
464,433
00 $139,762 78
00 8,227 70
$7,164,512 00 $131,535 08
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. Bonds owned by the Company.
Railroad Bonds. Book Value. Rate.
International Traction Co. 4s, 1949, . . . $20,000 00 79
Municipal Bonds.
New York, N. Y., 4s, 1955, . . . . 107,812 50 102£
New York, N. Y., 4s, 1956, .... 102,750 00 102i
New York, N. Y., 4s, 1955, . . . . 25,437 50 102£
Miscellaneous Bonds.
Lackawanna Steel Co. 5s, 1923, . . . 26,000 00 101^
Niagara Falls Power Co. 5s, 1932, . . . 24,750 00 99
$306,750 00
$168,367. 00
" 20,687 00
23,228 00
139,200 00
Market Value.
$19,750 00
102,125 00
102,125 00
25,531 25
25,375 00
24,750 00
$299,656 25
.ETNA 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.
Home Office, 670 Main Street.
Income.
Net fire premiums, $6,480,270.21; marine, $416,924.78, . . $6,897,194 99
Deposit premiums on perpetual risks, ..... 6,677 25
Interest on mortgage loans, $636; stocks and bonds, $550,-
741.33; all other, $19,789.52, 571,166 85
Profit on sale or maturity of ledger assets, .... 11,45900
Profits on reinsurance, . . . . . . . . 43,342 35
Profit and loss, 298 71
98
.ETNA INSURANCE CO.
Borrowed money, .
From all other sources, .
Total income,
Ledger assets, Dec. 31, 1905,
Total, .
. $1,850,000 00
1,295 00
. $9,381,434 15
. 14,237,240 06
$23,618,674 21
Disbursements.
Net amount paid for fire losses,$5,661, 842.59; marine,$239, 182.72,
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, $2,580; other taxes and fees, $164,126.64,
Loss on sale or maturity of bonds, .
Advertising, printing and stationery,
Legal expenses,
Adjustment expenses,
Furniture and fixtures, .
Expenses of inland department,
Miscellaneous expenses of Western, Northwestern and Pacific
department,
Agency expenses, .
Local board and bureau expenses,
Borrowed money repaid,
Profit and loss,
Miscellaneous expenses of home office,
Traveling expenses of special agents,
All other disbursements, ....
Total disbursements, ....
Balance, ......
Ledger Assets.
Real estate, $588,207.93; mortgages, $12,600, .
Stocks and bonds (schedule A),
Cash in banks and office, ....
Agents' balances, . . . .
55,901,025 31
2,558 75
772,000 00
1,175,515 32
411,485 97
3,160 79
166,706 64
37,724 85
58,252 65
8,066 53
19,232 35
590 85
8,204 82
47,440 99
137,761 04
94,037 40
1,000,000 00
700 47
43,710 88
90,874 79
3,007 70
. $9,982,058 10
$13,636,616 11
Total ledger assets, ....
Non-Ledger Assets.
Interest accrued : —
On mortgages, $196; other assets, $412.15,
Market value of stocks and bonds over book value,
Gross assets, ......
Assets not admitted.
Agents' balances over three months due, .
Special depositsless $271,174.29 liability thereon,
Book value of real estate over market value,
Total unadmitted assets, .
),807 93
. 11,509,562 95
776,700 80
749,544 43
$13,636,616 11
608 15
. 1,930,231 08
$15,567,455 34
$18,497 05
25,832 49
88,207 93
Total admitted assets,
132,537 47
$15,434,917 87
JETNA INSURANCE CO.
99
Liabilities.
Unpaid losses, $782,151.71; less reinsurance, $157,215.78,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
Interest due or accrued,
Borrowed money, .....
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
Total liabilities, ....
1,211,575 24
$624,935 93
5,650,107 84
89,073 86
9,225 00
850,000 00
. $7,223,342 63
4,000,000 00
. 4,211,575 24
$15,434,917 87
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1905, . . $832,393,047 00 $10,466,752 07
Fire risks written during 1906, . . 665,031,700 00 8,803,239 67
Total, . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
,497,424,747 00$19,269;991 74
555,474,944 00 7,358,060 67
$941,949,803 00 $11,911,931 07
114,013,875 00 1,587,563 19
Net amount in force,
Perpetual risks in force (not included above),
Marine risks outstanding Dec. 31, 1905,
Marine risks written during 1906, .
Total, . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$827,935,928 00 $10,324,367 88
$3,953,828 00 $93,761 95
$18,401,024 00 $344,749 11
88,654,658 00 603,994 55
$107,055,682 00
89,480,742 00
$17,574,940 00
1,236,422 00
$948,743 66
620,546 28
$328,197 38
35,159 28
$16,338,518 00 $293,038 10
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 (19.3 per cent.),
Company's stock owned by directors, . .
$205,904,465 00
108,748,827 00
5,803,066 00
215,919 00
29,945,365 00
2,805,000 00
772,000 00
199,000 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
500 shares Albany & Susquehanna,
300
545
233
182
850
Allegheny & Western,
Bald Eagle Valley, .
Baltimore & Ohio, preferred,
Baltimore & Ohio, common,
Chic, Milwaukee & St. Paul, pref.,
Book Value.
$46,662 50
45,875 00
49,560 00
17,635 27
18,187 94
136,000 00
Rate.
245
145
240
92^
119*
162f
Market Value.
$122,500 00
43,500 00
65,400 00
21,494 25
21,749 00
138,337 50
100
2ETNA INSURANCE CO.
300 shares Chic, Milwaukee & St. Paul, com.,
1,150 rights C, Mil. & St. Paul,
350 shares Chicago & Northwestern, preferred,
205 " Chicago & Northwestern, common,
750 " Clev., Cin., Chic. & St. Louis, pref.,
1,000 " Cleveland & Pittsburgh, .
300 " Connecticut River, .
300 " Dayton & Micliigan, preferred,
300 " Delaware & Bound Brook,
500 " Fort Wayne & Jackson, preferred,
500 " Georgia R.R. and Banking Co.,
300 " Uhnois Central,
181 " Illinois Southern, common,
100 " Johet & Chicago, .
450 " Kalamazoo, Allegan & Gr. Rapids,
1,000 " Morris & Essex,
1,437 " N. Y. Central & Hudson River,
500 " New York & Harlem,
250 " N. Y., Lackawanna & Western,
2,888 " New York, New Haven & Hartford,
875 " Oswego & Syracuse,
1,500 " Pennsylvania,
300 " Peoria & Bureau Vallev, .
1,000 " Pittsburg, Fort Wayne" & Chicago,
1,000 " Rensselaer & Saratoga, .
250 " Rome, Watertown & Ogdensburg,
140 " St. Joseph, S. Bend & South'n, pref,
500 " St. Joseph, S. Bend & South'n, com
290 " Utica, Chenango & Susque. Valley,
400 " Valley (New York),
Bank Stocks.
200 shares iEtna National, Hartford, Conn.,
400 " Amer. Exchange Nl., N. Y., .
200 ". American National, Hartford, Conn,
400 " Bank of the Manhattan Co., N. Y.,
300 " Bank of N. Y. Nat. Banking Asso.,
100 " Central Trust Co., N. Y.,
400 " Charter Oak Nat'l, Hartford, Conn.,
200 " City, Hartford, Conn., .
150 " Conn. R. Bkg. Co.. Hartford, Conn.,
350 " Farmers' & M. Nat., Hartford, Conn,
250 " Farmers' & M. Nat., Phila, Pa.,
300 " First National, Hartford, Conn.,
75 " First National, N. Y., .
300 " Hanover National, N. Y.,
1,000 " Hartford National, Hartford, Conn.
200 " HoUand Trust, N. Y., .
300 ". Importers' and Traders' Nat., N. Y.
100 " International Banking Corp., N. Y.,
112 " Market and Fulton National, N. Y.
345 " Mechanics' National, N. Y.,
120 " Merchants' Exchange Nat'l, N. Y.,
700 " Merchants' National, N. Y.,
100 " Metropohtan Trust, N. Y.,
625 " National Bank of Commerce, N. Y.,
500 " National City, N. Y„
550 " Nat'l Exchange, Hartford, Conn.,
100 " New Britain Nl., New Britain, Conn,
150 " New York Life Ins. & Trust Co.,
200 " Peoples, N. Y.,
1,000 " Phoenix National, Hartford, Conn.,
550 " State, Hartford, Conn., .
100 " Third Nat'l, N. Y. (in liquidation),
100 " Union Trust, N. Y.,
100 " United States Trust, N. Y.,
Miscellaneous Stocks.
Atlantic Mut. Ins. Co. scrip, 1900-05,
400 shares American Telegraph & Cable Co.,
50 " Connecticut River Co., .
3 " General Adjustment Bureau of N. Y.,
300 " Gold and Stock Telegraph Co.,
Book Value.
$29,996 00
57,412 50
20,441 33
73,881 25
46,032 75
28,016 66
23,636 00
54,000 00
50,175 00
120.710 00
38,456 25
22,500 00
9,462 75
55,750 00
43,968 75
152,561 35
36,681 25
33,333 33
293,041 26
92,545 50
91,328 14
55,755 93
112,201 75
173,575 00
33,333 33
13,940 00
50,000 00
45,950 00
44,550 00
21,408 50
43,983 00
10,500 00
26,708 00
36,766 55
11,000 00
51,832 25
27,087 00
9,300 00
63,192 50
28,488 00
34,906 50
20,571 00
50,037 00
140,359 00
30,200 00
30,000 00
20,000 00
14,143 00
38,636 00
8,792 50
39,918 52
11,000 00
84,379 77
66,889 00
34,306 25
10,000 00
18,525 00
5,544 00
146.711 50
63,779 00
11,900 00
10,000 00
28,510 00
39,217 50
36,750 00
2,500 00
150 00
36,000 00
Rate.
148|
33*
230
198*
110
177
285
210
206
142
261
165*
180
143
182
131
380
127f
190*
230
138|
197
173
200
127*
100
35
155
130
225
247
140
300
315
2,025
134
101
190
110
145
150
715
502*
145
51
550
135
265
245
170
160
572*
181
265
130
165
1,010
300
125
150
5
1,340
1,275
100
90
100
100
110
Market Value.
$44,662 50
38,525 00
80,500 00
40,641 25
82,500 00
88,500 00
85.500 00
31,500 00
61,800 00
71,000 00
130,500 00
49,650 00
18,000 00
64,350 00
91,000 00
188,247 00
95,000 00
31,843 75
550,164 00
100,625 00
103,781 25
59,100 00
173,000 00
200,000 00
31,875 00
14,000 00
17,500 00
44,950 00
52,000 00
45,000 00
98,800 00
14,000 00
60,000 00
94,500 00
202,500 00
53,600 00
20,200 00
8,550 00
38,500 00
36,250 00
45,000 00
53,625 00
150,750 00
145,000 00
10,200 00
165,000 00
13,500 00
29,680 00
84,525 00
10,200 00
56,000 00
57,250 00
113,125 00
132,500 00
35,750 00
16,500 00
151,500 00
15,000 00
125,000 00
82,500 00
500 00
134,000 00
127,500 00
38,430 00
36,000 00
5,000 00
150 00
33,000 00
JETNA INSURANCE CO.
101
300 shares International Ocean Telegraph Co.,
1,000 " Northwest Telegraph Co.,
10 " Underwriters' Salvage Co. of N. Y.,
Government Bonds.
United States 4s, 1925, ....
State, County and Municipal Bonds.
Albina, Oregon, 6s, 1921, .
Americus, Ga., 6s, 1919 and 1920,
Arizona Territory 5s, 1942,
Bainbridge, Ga., 6s, 1911 to 1926,
Chicago, 111., Sanitarv District 5s, 1908-11-]
Cleveland, O., 4s, 1912, .
Cleveland, 0., 4s, 1922, .
Cleveland, O., 4s, 1925, .
Dallas, Tex., 5s, 1920,
Durham, N. C, 4*s, 1935, .
Georgia 4^s, 1915,
Greensborough, N. C, 6s, 1922,
Greenville, Ala., 6s, 1907 or 1922,
Hamilton, Ont., 4s, 1920,
Jersey City, N. J., 5s, 1923,
Lexington, Kv., 5s, 1918,
Mecklenburg County, N. O, 6s, 1920
Mississippi 6s, 1907,
Montreal, Canada, 4s, 1942,
Montreal, Canada, 4s, 1926,
Montreal, Canada, 4s, 1917,
New Mexico Territorv 5s, 1925,
Ogden, Utah, 5s, 1912,
Port of Portland, Ore., 5s, 1922,
Railway, N. J., 4s, 1922, .
Richmond, Va., 6s, 1907 and 1910,
Richmond, Va., 4s, 1929 and 1938,
Roanoke, Va., 4s, 1936,
School District, No. 2, Enfield, Conn.,
Seattle, Wash., 5s, 1910, .
Sioux Falls, S. D.. 5s, 1910,
Spokane County, Wash., 4*s, 1923,
Tacoma. Wash., 5s, 1913,
Talbot County, Ga., 6s, 1907 and 1912
Tennessee 3s, 1913. .
Topeka, Kan., 5s, 1910,
Urbana, O., 4*s, 1908,
Westmount, Quebec, 3*s, 1938,
Winnipeg, Man., 4s, 1909 and 1914,
Winston, N. C, 5s, 1924, .
Railroad Bonds.
Alabama Central 6s, 1918,
Baltimore & Ohio 4s, 1948,
Buffalo, New York & Erie 7s, 1916,
Central Branch 4s, 1919, .
Central Ohio 4*s, 1930, .
Central Pacific 3*s, 1929, .
Central Pacific 1st ref. 4s, 1949, .
Central of New Jersev 5s, 1987,
Ches. & O. (Rich. & Alle. Div.) 1st mort. 4s, 1989
Chicago, Burlington & Quincv 4s, 1922,
Chic, Burlington & Quincy (111. Div.) 3*s, 1949,
Chic, Burlington & Quincy (Neb. Ex.) 4s, 1927,
Chicago & Erie 5s, 1982, ....
Chicago, Hammond & Western 6s, 1927,
Chic, Mil. & St. Paul (Hast. & Dak. Div.) 7s, 1910
Chic, Mil. & St. Paul (Dubuque Div.) 6s, 1920,
Chic, Mil. & St. Paul (So. Minn. Div.) 6s, 1910,
Chicago, Milwaukee & St. Paul 4s, 1989,
Chicago North Shore Street 6s, 1912,
Chicago & Northwestern (Madison Ex.) 7s, 1911,
Chicago & Northwestern 6s, 1929,
Chicago & Northwestern 7s, 1915,
Chicago & Northwestern 3*s, 1987,
Chicago & Northwestern 5s, 1933,
Book Value.
Rate.
Market Value.
833,000 00
117*
§35,250 00
50,992 93
122
01,000 00
1,000 00
100
1,000 00
113,718 85
129f
129,625 00
27,750 00
117
29,250 00
18,795 00
Hlf
17,860 00
15,450 00
103|
15,543 75
8,000 00
108|
8,690 00
I, 53,348 75
103*
51.625 00
52,095 00
lOOf
50,312 .50
25,625 00
lOlf
25,437 50
25,687 50
102
25,500 00
43,673 10
107
46,010 00
26,718 75
103f
25.937 50
11,400 00
111
11,100 00
24,480 00
114
27,360 00
20,000 00
100
20,000 00
48,185 00
98*
45,310 00
26,304 79
1111
27,812 50
52,846 83
1071
53,625 00
75,815 00
117
84,240 00
12,320 00
100
11,000 00
54,250 00
99*
49,625 00
8,254 43
99
5,940 00
4,080 00
99*
3,965 00
10,550 00
100
10,000 00
18,270 00
104*
18,810 00
54,152 78
111
55.500 00
44,796 80
96
21,120 00
20,226 75
103£
13,938 75
25.650 00
100
25.000 00
30,000 00
96f
28,987 50
4,000 00
100
4,000 00
50,000 00
102|
51,187 50
25,000 00
101
25,250 00
51,250 00
102*
51,250 00
30,550 00
105
31,500 00
8,550 00
lOlf
8,110 00
29,004 20
96*
22,195 00
25,000 00
lOlf
25.343 75
26,500 00
100
25.000 00
50,375 00
85*
42,625 00
36,235 40
99f
34,662 53
25,000 00
107
26,750 00
58,000 00
115*
57,625 00
73,437 50
100f
75,562 50
97,590 00
120
90,000 00
31,450 00
95
35,150 00
27,593 75
107
26,750 00
840 00
85*
852 50
25,000 00
98*
24,718 75
66,812 50
126
63.000 00
44,401 80
100
55.000 00
25,343 75
99*
33,957 50
5,250 00
91f
6,422 50
21,500 00
102
25,500 00
224,906 25
116*
215,525 00
62,500 00
124
62,000 00
, 60,750 00
108
54,000 00
28,179 17
121
30,250 00
55,677 50
105*
52.625 00
10,000 00
106*
10,612 50
26,500 00
87
21,750 00
39,865 83
110*
33,150 00
23,456 25
111
23,310 00
68,593 75
121
60,500 00
86,860 00
96*
82,990 00
25,850 00
112*
24,750 00
102
JETNA INSURANCE CO.
Book Value. Rate. Market Value.
Chicago & Northwestern 5s, 1929, . . . $1,125 00 106 $1,060 00
Chicago, Rock Island & Pacific 6s, 1917, . . 75,850 00 117 70,200 00
Chicago, Rock Island & Pacific 4s, 1988, . . 103,500 00 99f 99,750 00
Chicago & Western Indiana 4s, 1952, . . 101,000 00 97 97,000 00
Chicago & Western Indiana 6s, 1932, . . 125,500 00 112 117,600 00
Cicero and Proviso Street, Chicago, 5s, 1915, . 25,000 00 80 20,000 00
Cincinnati, Dayton & Ironton 5s, 1941, . . 53,087 50 108f 54,375 00
Cincinnati, Findlay & Fort Wayne 4s, 1923, . 49,200 00 93 46,500 00
Cincinnati, Hamilton & Dayton 5s, 1942, . . 117,23167 106 114,480 00
Cincinnati, Indianapolis & Western 4s, 1953, . 49,500 00 94 47,000 00
Cleveland, Cincinnati, Chicago & St. Louis 4s, 1993, 199,250 00 101 202,000 00
Cleveland, Columbus, Cin. & Ind'napolis 7s, 1914, 126,551 50 119 119,000 00
Cleveland, Lorain & Wheeling 5s, 1933, . . 87,555 00 112| 84,375 00
Columbus & Toledo 4s, 1955, . . . . 110,585 64 100 95,000 00
Dayton & Michigan 5s, 1911, .... 21,100 00 100 20,000 00
Delaware & Hudson Canal (Penn. Div.) 7s, 1917, . 31,970 00 127| 31,875 00
Des Moines & Fort Dodge 4s, 1935, . . . 24,437 50 96 24,000 00
Detroit 5s, 1912-15-21-24, .... 53,739 90 105^ 52,750 00
Flint & Pere Marquette 5s, 1939, . . . 26,030 00 108 27,000 00
Flint & Pere Marquette (Port Huron Div.) 5s, 1939, 59,262 50 108 59,400 00
Galv'st'on, H'sb'g & S.Antonio (M.& P.Ex.) 5s, 1931, 54,000 00 109 54,500 00
Georgia & Alabama 5s, 1945, .... 56,125 00 109 54,500 00
Georgia R.R. & Banking Co. 6s, 1910, . . 28,734 75 105 26,250 00
Hartford Street 4s, 1930, 51,500 00 102 51,000 00
Hocking Vallev 4is, 1999, .... 78,716 25 104£ 78,375 00
Illinois Central (Springfield Div.) 3£s, 1951, . 101,000 00 92 92,000 00
Indianapolis & Vincennes 7s, 1908, . . . 92,637 50 102£ 82,000 00
Iowa Central 4s, 1951, 45,750 00 84^ 42,125 00
Iowa Central 5s, 1938, 56,125 00 112 56,000 00
Keokuk & Des Moines 5s, 1923, . . . 45,942 50 106 53,000 00
Lehigh Valley 4^s, 1940, . ... . . 188,641 25 108* 189,875 00
Lehigh Valley Terminal 5s, 1941, . . . 164,105 00 117^ 166,850 00
Louisville & Jeffersonville Bridge Co. 4s, 1945, . 49,250 00 98 49,000 00
Louisville, New Alb'y & Chic.(C.&I.Div.) 6s, 1911, 32,987 50 107f 32,325 00
Mahoning Coal 5s, 1934, 28,584 74 118f 35,625 00
Middlesex Valley 5s, 1942, .... 28,75000 110 27,50000
Midland of New Jersey 6s, 1910, . . . 33,762 50 103| 31,125 00
Minneapolis & St. Louis (Iowa Ex.) 7s, 1909, . 58,375 00 106 53,000 00
Minneapolis & St. Louis (Merriam June.) 7s, 1927, 82,702 50 138 77,280 00
Minneapolis & St. Louis (Pacific Ex.) 6s, 1921, . 31,875 00 118^ 29,625 00
Minneapolis Union 6s, 1922, .... 134,579 58 121 139,150 00
Montana Central 6s, 1937, .... 68,500 00 132^ 66,250 00
Morris & Essex 7s, 1914, 34,027 50 119| 29,875 00
Morris & Essex 7s, 1915, 130,909 72 123 135,300 00
New England 5s, 1945, 62,437 50 121^ 60,750 00
New York, Lake Erie & Western 7s, 1920, . . 64,143 75 125| 62,687 50
New York, New Haven & Hartford 3^s, 1956, . 108,300 00 112 121,296 00
New York, Susquehanna & Western 5s, 1943, . 27,000 00 115 28,750 00
New York, Susquehanna & Western 5s, 1937, . 65,690 00 113£ 64,552 50
Norfolk & Western 6s, 1931, . . . . 59,251 83 129 64,500 00
North Chicago Electric 6s, 1914, . . . 27,375 00 85 21,250 00
North Chicago Street 5s, 1916, .... 25,875 00 85 21,250 00
North. Pac.-Gt. Nor. joint (C.B.& Q.col.) 4s, 1921, 67,086 61 96£ 106,562 50
Northwestern Union 7s, 1917, .... 33,311 72 125£ 31,37500
Ohio & West Virginia 7s, 1910, . . . 79,463 70 108 75,600 00
Oregon Short Line 6s, 1922, .... 74,987 50 121* 72,900 00
Oswego R.R. Bridge Co. 6s, 1915, . . . 52,679 17 113f 56,750 00
Penn. Steel equipment trust 3£s, 1907-10-11, . 72,886 85 97 72,750 00
Pitts., Ft. Wayne & Chicago 1st mort. 7s, 1912, . 88,88137 115 86,250 00
Pitts., Ft. Wayne & Chicago 2d mort. 7s, 1912, . 90,406 00 114 92,340 00
Pitts., Ft. Wayne & Chicago 3d mort. 7s, 1912, . 47,600 00 114- 45,600 00
Port Reading 5s, 1941, 53,000 00 112 56,000 00
St. Paul, Minneapolis & Manitoba 6s, 1933, . 78,350 00 132 79,200 00
St. Paul & Northern Pacific 6s, 1923, . . . 186,551 67 122 183,000 00
St. Paul & Sioux City 6s, 1919, .... 28,790 00 119 29,750 00
Southern 5s, 1994, 52,005 00 113f 56,875 00
Southern (St. Louis Div.) 4s, 1951, . . . 49,875 00 94£ 47,250 00
Terre Haute & Peoria 5s, 1942, . . . 25,805 54 100 25,000 00
Toledo & Ohio Central 1st mortgage 5s, 1935, . 57,272 50 113 56,500 00
Toledo & Ohio Central (Western Div.) 5s, 1935, . 37,232 95 112 39,200 00
Toronto, Hamilton & Buffalo 4s, 1946, . . 98,087 50 96 96,000"00
Vermont Valley 5s, 1910, 54,460 00 102 55,080*00
AGRICULTURAL INSURANCE CO.
103
Wabash 1st mortgage 5s, 1939,
West Chicago Street Tunnel 5s, 1909,
West Shore "4s, 2361,
Willmar & Sioux Falls 5s, 1938,
Miscellaneous Bonds.
Conn. Safe Dep. & Trust Co. 5% cert, (secured by
deposit in trust of 500 shares Conn. & Pas-
sumpsic Rivers R.R.), .....
Masonic Temple Corp., Wilmington, N.C., 6s, 1919,
New York Dock Co. 4s, 1951, ....
People's Gas Lt.& Coke Co., Chic. 5s, 1947, .
Book Value.
Rate.
Market Value.
$112,097 50
50,875 00
43,875 00
56,318 75
112£
92
103£
116^
$112,500 00
46,000 00
51,750 00
58,250 00
50,312 50
30,500 00
55,000 00
52,312 50
100
105
92
102|
$
50,000 00
31,500 00
50,600 00
51,250 00
11,509,562 95
13,439,794 03
AGRICULTURAL INSURANCE COMPANY, WATERTOWN, N. Y.
Incorporated 1853.* Commenced business Feb. 17, 1853.
Paid-up Capital, $500,000.
W. H. STEVENS, President. J. Q. ADAMS, Secretary
Home Office, 23 Washington Street.
Income.
Net fire premiums, .......
Interest on mortgage loans, $28,700.02; collaterals, $25,910.96
stocks and bonds, $54,386.75; all other, $4,347.84,
Rents, ......
Profit on sale or maturity of ledger assets,
Accounts previously charged off,
Total income,
Ledger assets, Dec. 31, 1905, .
Total,
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, $1,106.27; other taxes and fees, $54,953
Loss on sale or maturity of ledger assets,
Board taxes, ....
Agents' accounts charged off*, .
Agency expenses, ....
Stationery and printing,
Postage and exchange, .
Maps, ......
All other disbursements,
Total disbursements,
Balance, . ...
Ledger Assets.
Real estate, $70,209.55; mortgages, $703,806.54,
Loans secured by collateral (schedule A),
,493,871 60
113,345 57
799 50
88,024 87
256 56
.52,
$1,696,298 10
2,926,161 73
$4,622,459 83
$1,477,726 16
50,000 00
328,293 34
99,029 12
1,438 57
56,059 79
5,686 53
15,938 94
326 99
34,580 90
16,744 47
10,431 22
4,047 52
27,241 16
$2,127,544 00
$2,494,915 83
$774,016 09
454,279 22
* Organized as mutual, 1853; incorporated as stock, Jan. 10, 1863.
104 AGRICULTURAL INSURANCE CO.
Stocks and bonds (schedule B), $883,470 92
Cash in banks and office, ....... 116,828 79
Agents' balances, 266,320 81
Total ledger assets, . . . ./•"'. . . $2,494,915 83
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $13,803.71; bonds, $7,112.91; collateral loans,
$9,879.69; other assets, $3,534.08, ' 34,330 39
Market value of stocks and bonds over book value, . . . 12,556 33
Due from other companies for reinsurance, . ... . 44,438 38
Gross assets, $2,586,240 93
Assets not admitted.
Agents' balances over three months due, . . $7,481 53
Special deposits less $80,707.21 liability thereon, 14,219 29
Excess of mortgage loans over appraisal by New
York department, ..... 65,780 11
Due from unauthorized companies, . . 5 24
Total unadmitted assets, . . . 87,486 17
Total admitted assets, . . . . . . . $2,498,754 76
Liabilities.
Unpaid losses, including $25,719 resisted, $162,984.17; less re-
insurance, $34,564.74, $128,419 43
Unearned premiums on outstanding risks, $1,443,653.67; plus
same on disallowed reinsurance, $8,614.50, .... 1,452,268 17
Due for reinsurance, ........ 26,194 51
All liabilities, except capital and surplus, .... $1,606,882 11
Surplus to policy holders, .... $891,872 65
Paid-up capital, 500,000 00
Surplus over capital and general liabilities, .... 391,872 65
Total liabilities, $2,498,754 76
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Premiums.
$294,880,800 00 $2,927,190 00
204,465,500 00 2,178,567 00
$499,346,300 00 $5,105,757 00
181,311,300 00 1,907,067 00
$318,035,000 00 $3,198,690 00
38,624,000 00 449,581 00
Net amount in force, .... $279,411,000 00 $2,749,109 00
Miscellaneous.
Premiums received from organization of company, . . $32,319,174 00
Losses paid from organization of company, .... 16,827,955 00
Fire losses incurred during the year, ..... 1,449,111 00
Cash dividends declared from organization of company, . . 1,630,000 00
AGRICULTURAL INSURANCE CO.
105
Stock dividends declared from organization of company, .
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, .....
Schedule A. Securities held as Collateral.
Company's
Market Value.
Real estate mortgages, . . . .
Deeds of real estate, .......
5 shares Union Carriage & Gear Comp'y, Watertown, N. Y.,
100 " Brockway Company, Watertown, N. Y.,
50 " Union National Bank, Schenectady, N. Y.,
237 " Bagley & Sewall Company, Watertown, N. Y.,
45 " Harmon Machine Company, Watertown, N. Y.,
30 " West End Paper Company, Carthage, N. Y.,
Deed of real estate, .......
Real estate mortgage, ......
20 shares John H. Murphy Manfg. Company, Cohoes, N. Y
Life policy, New York Life Insurance Company,
80 shares Brown ville Paper Company, Brown ville, N. Y.,
200 " Knowlton Bros., Watertown, N. Y., .
100 " St. Regis Paper Company, Deferiet, N. Y., pref.,
50 " Adams & Duford Company, Chaumont, N. Y.,
325 " Carthage Tissue Paper Mills, Carthage, N. Y.,
130 " Carthage Elec. Light & Power Co., Carthage, N. Y.
500 " Carthage Sulphite Pulp Co., Carthage, N. Y.,
Champion Paper Company, Carthage, N. Y., 6s, 1924, .
10 shares J. & J. Rogers Company, Ausable Forks, N. Y.,
Real estate mortgages, ......
14 shares Burlington, Cedar Rapids & Northern R.R.,
10 " Carthage National Bank, Carthage, N. Y., .
10 " City National Bank, Watertown, N. Y.,
70 " National Union Bank, Watertown, N. Y., .
150 " West End Paper Company, Carthage, N. Y.,
50 " Jefferson County Nat. Bank, Watertown, N. Y.,
15 " Watertown National Bank, Watertown, N. Y.,
49 " International Paper Company, preferred,
Real estate mortgage, ......
50 shares West End Paper Company, Carthage, N. Y.,
Western Union Telegraph Company,
Watertown R. E. & Bldg. Co., Watertown, N. Y,
Hunting- Weekes Company, Watertown, N. Y.,
Harmon Machine Company, Watertown, N. Y.,
Watertown National Bank, Watertown, N. Y.,
St. Regis JPaper^ Comp'y. Deferiet, N. Y., pref.,
40
20
120
50
5
300
St. Lawrence Inter. Elec. R.R. & Land Co. 5s, 1932,
250
10,000
10,000
23,700
4,500
3,000
6,000
1,000
2,000
2,000
16,000
20,000
10,000
5,000
32,500
13,000
50,000
4,500
5,500
13,700
1,400
1,600
1,000
10,850
15,000
12,000
3,000
3,920
9,000
5,000
3,320
3,000
30 000
5,000
1,000
30,000
30,000
$221,928 40
10,500 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 J
00
00
00
00
00
00
00
00
00
00
00
00
00
$400,000 00
50,000 00
78,800 00
Loaned
Thereon.
$79,132 01
135,250 75
4,251 67
2,500 00
210 00
8,000 00
5,000 00
10,000 00
6,750 00
6,000 00
120 00
10,500 00
20,000 00
2,500 00
13,000 00
6,000 00
5,000 00
4,000 00
5,000 00
20,600 00
8,500 00
10,000 00
4,000 00
18,000 00
25,000 00
3,700 00
600 00
20,664 79
20,000 00
$630,168 40 $454,279 22
Schedule B. Stocks and Bonds owned by the Company.
Railroad Stocks.
300 shares Atchison, Topeka & Santa Fe, pref'd,
250 " Cayuga & Susquehanna,
250 " Chicago, Milwaukee & St. Paul,
250 " Chic, Milwaukee & St. Paul, rights,
100 " Hereford,
14 " Illinois Central (leased lines),
110 " Morris & Essex,
26 " Morris & Essex Extension,
476 " Nashville & Decatur,
100 " New York, Lackawanna & Western,
132 " Oswego & Svracuse,
150 " Pitts., Fort Wayne & Chicago, .
200 " Rome, Watertown & Ogdensburg,
200 " Union Pacific, preferred,
40 " Warren, .....
Bank Stocks.
20 shares Carthage National, N. Y.,
Cleveland Savings & Loan Co., O., cert, of dep.,
Book Value.
$30,575 00
17,250 00
44,875 00
10.150 00
1,489 25
21,540 00
2,782 00
23.192 50
13,650 00
15,741 00
27,750 00
27,500 00
17,025 33
3,720 00
2,285 00
10,000 00
Rate.
99
220
148£
33i
97
103
182
108*
192
127f
230
173
127$
94
184
165
100
Market Value.
$29,700 00
16,500 00
37,218 75
8,375 00
9,700 00
1,442 00
20,020 00
2,821 00
22,848 00
12,737 50
15,180 00
25,950 00
25,500 00
18,800 00
3,680 00
3,300 00
10,000 00
106
ALBANY INSURANCE CO.
10 shares 1st N. B. of the 1,000 Is., Alex. B., N. Y.
26 " Jefferson Co. Nat'l, Watertown, N. Y.,
130 " N'l B'k & Loan Co., Watertown, N. Y.,
75 " Nat'l Herkimer Co., Little Falls, N. Y.,
304^ " National Union, Watertown, N. Y., .
O. Mutual Sav. & Loan Co., Cleve., O., cert, of dep.,
150 shares Watertown National, N. Y.,
Miscellaneous Stocks.
200 shares American Locomotive Co., preferred,
3 " General Adjustment Bureau, N. Y.,
265 " Hungerf'd-Holbr'k Co., Water., N. Y.
300 " International Paper Co.. preferred,
5 " Underwriters Salvage Co., Chicago,
5 " Underwriters Salvage Co., N. Y.,
70 " Watertown Carriage Co., N. Y.,
1 share Western Adjust. & Inspec. Co., Chicago
State and Municipal Bonds.
Georgia 4^s, 1915, .
Portland, Ore., 5s, 1923, .
Richmond, Va., 4s, 1921, .
Richmond, Va., 4s, 1923, .
Richmond, Va., 4s, 1927, .
Railroad Bonds
Atch., Top. & Santa Fe general mortgage 4s, 1995
Erie (Pennsylvania collateral) 4s, 1951,
Gal., Har. & San A., Tex. (Mex. & Pa. Ex.) 5s, 1931
Georgia Railway & Electric Co. 5s, 1932,
Lehigh & Hudson River 5s, 1917,
Lehigh Valley, N. Y., 4-|s, 1940,
Metropolitan Street, N. Y., 4s, 2002, .
Missouri Pacific 5s, 1917, ....
N. Y. Cen. & Hud. R. (Lake Shore coll.) 3^s, 1998
Norfolk & Southern 5s, 1954,
No. Pa.-Gt, North., joint (C, B. & Q. coll.) 4s, 1921
Northern Pacific (St. P. & Duluth Div.) 4s, 1996,
Portland, Ore., 5s, 1930, ....
Reading Co. (Jersey Central collateral) 4s, 1951,
St. Louis & San Francisco 4^s, 1908, .
Union Pacific 4s, 1947, ....
Miscellaneous Bonds.
Consolidated Water Co. of Utica, N. Y., 5s, 1929,
International Paper Co. 5s, 1935,
Jefferson Power Co. of Black River, N. Y., 6s; 1912,
New York & Westchester Lighting Co. 4s, 2004, .
Book Value.
$1,000 00
4,895 00
14,500 00
12,750 00
38,093 50
1,000 00
17,045 00
18,825 00
150 00
26,500 00
24,950 00
500 00
500 00
3,500 00
150 00
11,724 60
62,000 00
10,300 00
15,150 00
1,840 00
10,187 51
19,125 00
21,650 00
26,250 00
5,000 00
21,850 00
19,665 56
26,937 50
9,562 50
10,000 00
9,412 64
10,000 00
9,900 00
19,325 00
24,062 50
9,707 03
10,250 00
22,500 00
40,000 00
23,187 50
,470 92
Rate.
200
240
180
192
150
100
200
109|
100
100
81
100
100
100
111
113
101i
101i
101f
100
89f
109
102
100
1084r
82|
103^
86i
96
96|
97
100
95^
99^
102
101
90
100
Market Value .
$2,000 00
6,240 00
23,400 00
14,400 00
45,675 00
1,000 00
30,000 00
21,850 00
150 00
26,500 00
24,300 00
500 00
500 00
100 00
11,100 00
56,500 00
10,112 50
15,187 50
2,027 50
10,000 00
17,950 00
21,800 00
25,500 00
5,000 00
21,700 00
16,500 00
25,875 00
8,625 00
9,600 00
9,687 50
9,700 00
10,000 00
19,100 00
24,875 00
10,200 00
10,100 00
22,500 00
40,000 00
22,000 00
$896,027 25
ALBANY INSURANCE COMPANY, ALBANY, N. Y.
Incorporated March 8, 1811. Commenced business March 16, 1811. Re-organized June 1, 1881.
Paid-up Capital, $250,000.
JOHN E. McELROY, President. CHARLES H. HAHN, Secretary.
Home Office, 93 State Street.
Income.
Net fire premiums, $288,378 98
Interest on mortgage loans, $9,347.84; stocks and bonds, $18,-
173.85; allother, $105, 27,626 69
Rents, including company's own occupancy, .... 5,924 94
Profit from agency of president and secretary, .... 4,654 34
Total income,
Ledger assets, Dec. 31, 1905,
$326,584 95
651,906 83
Total,
$978,491 78
ALBANY INSURANCE CO.
107
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, $881.30; other taxes and fees, $11,282.65,
Printing and stationery, ....
Agency expenses, ......
Office furniture, ......
All other disbursements, ....
Total disbursements, ....
Balance, ......
Ledger Assets.
Real estate, $75,000; mortgages, $189,750, .
Stocks and bonds (schedule A),
Cash in banks and office, .......
Agents' balances, .........
Total ledger assets, .......
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $930.79; stocks and bonds, $2,643.77,
Rents due on company's property, ......
Market value of stocks and bonds over book value, .
Due from agency of president and secretary, ....
Gross assets, .........
Liabilities.
Unpaid losses, including $1,796.98 resisted, $21,839.19; less re-
insurance, $2,547.43,
Unearned premiums on outstanding risks, ....
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid up capital, .....
Surplus over capital and general liabilities,
$519,366 70
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force attend of year, .
Amount reinsured,
Net amount in force,
$35,202,141 00
33,491,095 00
$68,693,236 00
25,042,543 00
$43,650,693 00
3,722,462 00
$110,509 57
22.500 00
73.501 92
13,674 15
1,200 00
2,246 08
12,163 95
1,193 16
3,973 87
315 00
612 75
$241,890 45
$736,601 33
$264,750 00
428,033 17
16,271 39
27,546 77
$736,601 33
3,574 56
938 42
10,198 50
2,197 87
$753,510 68
$19,291 76
214,852 22
$234,143 98
250,000 00
269,366 70
$753,510 68
Premiums.
$343,822 51
359,829 53
$703,652 04
268,699 59
$434,952 45
35,633 93
$39,928,231 00 $399,318 52
108
ALBANY INSURANCE CO.
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, ,
Stock dividends declared from reorganization of company,
Dividends declared during the year (9 per cent.),
Company's stock owned by directors, .
$3,023,711 00
1,559,258 00
115,296 00
527,500 00
50,000 00
22,500 00
30,300 00
Schedule A. Stocks and Bonds owned by the Company.
Stocks.
50 shares Detroit & Mackinac R.R., preferred,
50 " N. Y. State Nat'l Bank, Albany, N. Y
100 " American Tobacco Co., preferred,
100 " Electrical Securities Corporation, pref,
Railroad Bonds.
Atlanta, Knoxville & Northern 5s, 1946, .
Delaware & Hudson convertible 4s, 1916, .
Detroit & Mackinac general mortgage 4s, 1995,
Detroit & Mackinac Car trust 5s, 1909,
Lake Shore & Michigan Southern 4s, 1928,
Milwaukee Electric R.R. & Light Co. 4£s, 1931,
New York Central & Hudson R. 4s, 1934,
Northern Pacific 3s, 2047,
Pennsylvania note 4^s, 1907, .
St. Louis & San Francisco 4s, 1951, .
Schenectady Consolidated 4£s, 1953,
Schenectady 1st mortgage 4^s, 1941,
Springfield & Eastern Street 5s, 1922,
Texas Central 5s, 1923, .
Union, N. Y., 5s, 1942, .
United Traction, Albany & Troy, 4£s, 1919,
United Traction, Albany & Troy, 4£s, 2004,
Virginia & Southwestern 5s, 2003,
Virginia & Southwestern trust note 5s, 1908,
Wabash 1st mortgage 5s, 1939,
Wabash (Detroit & Chicago Extension) 5s, 1941,
Watervliet Turnpike & Railway 6s, 1919,
Western New York & Pennsylvania 5s, 1937,
Miscellaneous Bonds.
American Tel. & Tel. Co. note 5s, 1907, .
American Tube & Stamping Co. 5s, 1932, .
Colorado Fuel & Iron Co. 5s, 1943, .
Consumers Gas Co., Chicago, 5s, 1936,
Electrical Securities Corporation 5s, 1934,
Equitable Gas & Elec. Light Co., Utica, 5s, 1942
Kings Co. Electric Light & Power Co. 6s, 1997,
Laclede Gas Light Co., St. Lotiis, 5s, 1934,
Montreal Light, Heat & Power Co. 4$s, 1932,
N. Y. Gas, Elec. L't, Heat & Power Co. 5s, 1948,
Peoples' Gas Light Co., Chicago, 6s, 1943, .
Union Elec. Light & Power Co., St. Lo., 5s, 1932,
United Elec. Light & Power Co., Bait., 4£s, 1929,
U. S. Steel Corporation 2d mortgage 5s, 1963,
Virginia Iron, Coal & Coke Co. 5s, 1949, .
Book Value.
$5,000 00
14,654 00
10,450 00
9,100 00
15,000 00
5,500 00
9,658 00
6,666 67
9,900 00
10,050 00
10,000 00
3,554 25
4,968 75
24,000 00
24,375 00
1,050 00
5,342 00
20,000 00
10,000 00
15,140 00
5,175 00
25,632 00
6,250 00
25,000 00
9,885 00
10,485 00
25,000 00
4,993 75
4,750 00
10,150 00
5,350 00
5,125 00
8,000 00
5,950 00
5,150 00
5,125 00
5,500 00
15,922 50
7,000 00
9,500 00
9,668 75
4,012 50
$428,033 17
Rate.
90
300
96£
90
115
107
90
100
98
98
97f
74
100
82
102|
105
104
101
103
102
104
112
100
112^
109*
115
115*
99£
97
98
104
98
102
114
102*
100
103
118
100
95
96f
95i
Market Value.
$4,500 00
15,000 00
9,650 00
9,000 00
17,250 00
5,350 00
9,000 00
6.666 67
9,800 00
9,800 00
9,762 50
3,700 00
5,000 00
19,680 00
25,687 50
1,050 00
5,200 00
20,200 00
10,300 00
15,300 00
5,200 00
28,000 00
6,250 00
28,125 00
10,950 00
11,500 00
28,812 50
4,975 00
4,850 00
9,800 00
5,200 00
4,900 00
8,160 00
5,700 00
5,125 00
5,000 00
5,150 00
17,700 00
7,000 00
9,500 00
9,675 00
4,762 50
$438,231 67
THE ALLIANCE INSURANCE CO. OF PHILADELPHIA.
109
THE ALLIANCE INSURANCE COMPANY OF PHILADELPHIA,
PHILADELPHIA, PA.
Incorporated Dec. 5, 1904. Commenced business Jan. 1, 1905.
Paid-up Capital, $500,000.
CHARLES PLATT, President. HENRY W. FARNUM, Secretary.
Home Office, 232 Walnut Street.
Income.
Net fire premiums, $513,574.64; marine, $100,788,
Deposit premiums on perpetual risks,
Interest on bonds, $21,874.72; all other, $4,301.04,
Assessment on capital stock, ....
Advanced by stockholders,* ....
From all other sources, .....
Total income,
Ledger assets, Dec. 31, 1905, .
Total,
Disbursements.
Net amount paid for fire losses, $1,229,585.44; marine, $70,271.27,
Deposit premiums returned, .
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 bonds, .
Advertising, ....
Legal expenses, ....
All other disbursements,
Total disbursements,
Ledger Assets.
Balance,
Bonds (schedule A),
Cash in banks and office, ....
Agents' balances, ......
Bills receivable, ......
Total ledger assets, ....
Non-Ledger Assets.
Due from other companies, ....
Assessment on stock in process of collection,. .
Gross assets, . . ....
$614,362 64
3,641 98
26,175 76
539,437 92
194,348 16
156 99
$1,378,123 45
1,241,945 51
$2,620,068 96
$1,299,856 71
1,776 38
20,000 00
137,567 48
27,219 38
2,491 98
9,953 69
4,469 13
4,337 21
77 53
11,585 60
$1,519,335 09
$1,100,733 87
$924,107 25
111,201 13
63,563 99
1,861 50
1,100,733 87
14,600 00
3,562 08
$1,118,895 95
* During 1906 the Insurance Commissioner of Pennsylvania required the company to make an
assessment of $10.86 per share to make good an impairment caused by the San Francisco fire.
In addition to this assessment, stockholders holding 46,944 shares voluntarily advanced $4.14 per
share to the surplus, receiving therefor scrip certificates bearing 6 per cent, interest and redeem-
able out of the net earnings of the company.
110
THE ALLIANCE INSURANCE CO. OF PHILADELPHIA.
Assets not admitted.
Agents' balances over three months due, . . $430 52
Special deposits less $7,747.72 liability thereon, 1,639 78
Book value of bonds over market value, . . 40,815 50
Assessment on stock in process of collection, . 3,562 08
Due from unauthorized companies, . . 14,600 00
Total unadmitted assets, . . . $61,047 88
Total admitted assets, $1,057,848 07
Liabilities.
Unpaid losses, including $807 resisted, $72,543; less reinsurance,
$1,117, . . . .
Unearned premiums on outstanding risks, $356,348.33; plus
same on disallowed reinsurance, $372 . 38,
Reclaimable on perpetual fire policies, .....
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$623,751 82
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Perpetual risks in force (not included above),
Marine risks outstanding Dec. 31, 1905, .
Marine risks written during 1906, .
Total,
Risks expired and terminated,
In force at end of year, ....
$29,906,484 00
50,713,673 00
,620,157 00
34,879,280 00
$45,740,877 00
3,418,781 00
$42,322,096 00
$219,825 00
$1,037,802 00
12,496,604 00
$13,534,406 00
11,550,824 00
$71,426 00
356,720 71
5,949 54
$434,096 25
500,000 00
123,751 82
$1,057,848 07
Premiums.
$353,378 71
639,862 53
$993,241 24
397,737 58
$595,503 66
45,412 64
$550,091 02
$6,610 60
,021 26
108,953 80
$150,975 06
100,634 07
$1,983,582 00 $50,340 99
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 (4 per cent.),
Company's stock owned by directors,
51,052,343 00
1,397,698 00
1,260,876 00
64,106 00
20,000 00
20,000 00
31,080 00
AMERICAN INSURANCE CO.
Ill
Schedule A. Bonds owned by the Company.
Government Bonds.
Japan 6s, 1911, .....
Municipal Bonds.
Atlanta, Ga., 3£s, 1931, ....
New York, N. Y., 3£s, 1954,
Philadelphia, Pa., 3£s, 1932,
Philadelphia, Pa., 3£s, 1934,
Railroad Bonds.
Central Pacific 4s, 1954, ....
Chesapeake & Ohio equipment notes, 4s, 1913,
Chesapeake & Ohio equipment notes, 4s, 1914,
Chicago & Eastern Illinois 4s, 1955, .
Coal River 4s, 1945, ....
Consolidated Traction Co. of N. J. 5s, 1933,
Lake Shore & Michigan Southern 4s, 1928,
Lehigh & Wilkes-Barre Coal Co. 5s, 1912, .
New York Central & Hudson River 4s, 1934,
Norfolk & Western 4s, 1944,
Nor. & W. R'y and Pocahontas C. & C. Co. 4s, 1941
Reading (Jersey Central collateral) 4s, 1951,
Richmond-Washington collateral 4s, 1943, .
Rio Grande Western 4s, 1949, .
St. Louis, Memphis & Southeastern 4-^s, 1909,
Terminal Association of St. Louis 4s, 1953, .
Book Value.
Rate.
Market Value.
$25,113
25
95£
$23,254 25
10,000
00
93£
9,387 50
205,250
00
91f
182,750 00
30,442
50
lOlf
30,219 75
175,108
25
101f
173,280 25
24,750
00
95^
23,875 00
16,622
60
95
16,150 00
32,234
40
94i
31,185 00
19,100
00
93
18,600 00
14,475
00
95
14,250 00
27,197
50
105£
26,375 00
50,062
50
98
49,000 00
14,385
00
99f
13,965 00
50,062
50
97f
48,812 50
24,250
00
96
24,000 00
L, 23,906
25
91i
22,812 50
49,578
75
95^
47,750 00
10,350
00
102i
10,250 00
22,968
75
87
21,750 00
48,625
00
96i
48,125 00
49,625
00
95
47,500 00
$924,107
25
$883,291 75
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.
Home Office, 70 Park Place.
$2,687,740 59
Income.
Net fire premiums, . .
Interest on mortgage loans, $69,711 .70; stocks and bonds, $125,-
963.83; all other, $12,913.36, 208,588 89
Rents, 12,071 15
Profit on sale of real estate, ....... 1,797 30
Total income, ......
Ledger assets, Dec. 31, 1905, .....
Total,
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, $6,894.80; other taxes and fees, $79,739.72,
Loss on sale of real estate, .....
Reduction in book value of real estate, .
Freight and express, postage, telegraph and telephone,
Stationery and agency supplies, ....
Special agents and surveying, ....
$2,910,197 93
6,010,959 70
$8,921,157 63
$1,889,249 36
107.910 48
633,245 14
136,863 68
1,614 47
86,634 52
1,124 15
1,021 83
22,446 77
26,570 73
62,996 61
112
AMERICAN INSURANCE CO.
Total admitted assets,
Office furniture and fixtures, light, fuel, etc., for office building,
Contingent commissions,
National, State and local boards,
Maps and corrections, .
Collecting premium notes,
Advertising,
All other disbursements,
Total disbursements,
Balance, ......
Ledger Assets.
Real estate, $505,800; mortgages, $884,230.75,
Stocks and bonds (schedule A),
Cash in banks and office, . . .
Agents' balances, ......
Bills receivable, ......
Due from Traders Insurance Company of Chicago,
Total ledger assets, .......
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $11,199.26; bonds, $44,394.90, . .
Rents due on company's property, ......
Gross assets,* ........
Assets not admitted.
Agents' balances over three months due, . . $1,349 58
Bills receivable, past due, .... 58,748 90
Special deposits less $22,074.91 liability thereon, 40,625 09
Book value of stocks and bonds over market value, 7,752 67
Due from Traders Insurance Co. of Chicago, . 770 01
Total unadmitted assets, . . .
$13,474 56
20,379 63
18,535 94
7,942 94
3,566 97
2,724 35
15,318 00
$3,051,620 13
$5,869,537 50
U ,390,030 75
3,410,506 42
430,045 58
339,723 01
298,461 73
770 01
55,869,537 50
55,594 16
111 66
1,925,243 32
109,246 25
$5,815,997 07
Liabilities.
,525 resisted, $492,021.48; less rein-
Unpaid losses, including
surance, $33,475.53, ... .
Unearned premiums on outstanding risks,
Dividends due stockholders, $24,665.59; policy holders, $154,
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, ....
$2,053,165 91
$458,545 95
3,162,625 76
24,819 59
116,839 86
53,762,831 16
600,000 00
1,453,165 91
15,815,997 07
* The company holds also instalment premium notes to the amount of $129,489.52, which do
not enter into or form any part of the assets of the company, as no portion of them is earned. What-
ever 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."
AMERICAN INSURANCE CO.
113
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$478,853,439 00
316,776,602 00
$795,630,041 00
244,123,506 00
$551,506,535 00
33,873,308 00
Premiums.
55,215,806 76
3,493,147 90
58,708,954 66
2,647,560 25
56,061,394 41
311,268 63
$517,633,227 00 $5,750,125 78
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 (17 per cent.),
Company's stock owned by directors,
$24,307,243 00
11,636,537 00
2,200,207 00
2,865,940 00
600,000 00
102,000 00
84,930 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value. Rate. Market Value.
1,620 shares Morris & Essex, .... $159,832 39 182 $147,420 00
1,000 " United N. J. R.R. & Canal Co., . 277,372 25 255 255,000 00
Miscellaneous Stocks.
3 shares Gen. Adjustment Bureau of N. Y., . 150 00 100 150 00
5 " Underwriters' Salvage Co. of Chicago, 500 00 100 500 00
5 " Underwriters' Salvage Co. of N. Y., . 500 00 100 500 00
1 " Western Adjust. & Inspec. Co., Chic, 125 00 100 100 00
Government Bonds.
United States 4s, 1907, ..... 25,000 00 101 25,250 00
United States 2s, 1930, 75,000 00 104£ 78,375 00
Madison, N. J., Borough of, 4£s,' 1916, . . 17,000 00 102-} 17,382 50
Railroad Bonds.
American Dock & Improvement Co. 5s, 1921, . 325,275 71 109^ 320,835 00
Central of New Jersey 5s, 1987, . . . 182,829 68 126 172,620 00
Consolidated Traction 5s, 1933, . . . 133,025 43 105^ 128,710 00
Easton & Amboy 5s, 1920, .... 210,697 02 lll^ 212,965 00
Lehigh Valley Terminal 5s, 1941, . . . 249,138 10 117| 264,375 00
Long Dock, Jersey City, 6s, 1935, . . . 337,589 04 128£ 339,240 00
Midland of New Jersey 6s, 1910, . . . 118,739 01 103| 116,200 00
Morris & Essex 7s, 1914, 13,075 00 119^ 13,145 00
Morris & Essex 7s, 1915, 128,553 35 123 134,070 00
Newark Passenger 5s, 1930, .... 141,949 87 111£ 139,375 00
New York & Greenwood Lake 5s, 1946, . . 140,830 96 115 150,650 00
N. Y., L. E. & W. Docks & Improve. Co. 6s, 1913, 196,868 80 111} 196,912 50
N. Y., Susquehanna & W. Terminal 5s, 1943, . 139,522 09 115 138,000 00
North Hudson County 5s, 1928, . . . 131,743 10 112 140,000 00
Trenton Passenger 6s, 1923, . . . * . 2,387 40 115f 2,315 00
Trenton Passenger 6s, 1925, .... 3,624 54 117 3,510 00
Trenton Passenger 6s, 1926, . . . . 3,654 84 117£ 3,525 00
Trenton Passenger 6s, 1927, .... 4,90531 118^ 4,72500
Trenton Passenger 6s, 1928, .... 6,165 37 118f 5,931 25
Trenton Passenger 6s, 1931, . . . - . 31,133 91 120 30,000 00
United New Jersey R.R. & Canal 4s, 1929, . 52,109 00 106 J 53,125 00
United New Jersey R.R. & Canal 4s, 1944, . 53,646 46 108 54,000 00
West Jersey & Sea Shore 3^s, 1936, . . ^ 14,641 50 93} 13,987 50
Miscellaneous Bonds.
Newark Gas Co. 6s, 1944, . . . . 232,921 29 134 239,860 00
5,410,506 42
5,402,753 75
114
AMERICAN CENTRAL INSURANCE CO.
AMERICAN CENTRAL INSURANCE COMPANY, ST. LOUIS, MO.
Incorporated February, 1853. Commenced business February, 1853.
Paid-up Capital, $2,000,000.
GEORGE T. CRAM, President. JNO. H. ADAMS, Secretary.
Home Office, 816 Olive Street.
Income.
Net fire premiums, $2,378,320 03
Interest on mortgage loans, $412.49; collaterals, $8,202.85;
stocks and bonds, $161,131.38; all other, $8,993.83, . . 178,740 55
Profit on sale or maturity of bonds, . . . . . 1,177 89
Stockholders' contribution to surplus, ..... 949,670 00
Total income, $3,507,908 47
Ledger assets, Dec. 31, 1905, plus increase of capital, $1,000,000, 4,660,000 95
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 bonds, . . *
Advertising, ......
Postage, express, telegrams and exchange,
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, . . . .
Total ledger assets, . . . .
Non-Ledger Assets.
Market value of stocks and bonds over book value, .
Gross assets, .......
Assets not admitted.
Special deposits less $40,953.69 liability thereon,
$8,167,909 42
$2,545,333 71
156,518 67
414,982 52
110,978 23
13,000 08
51,162 41
11,424 11
2,693 34
16,243 40
269,228 94
$3,591,565 41
$4,576,344 01
$1,800 00
646,250 00
-3,160,975 64
413,910 42
353,407 95
$4,576,344 01
518,141 86
$5,094,485 87
30,896 31
Total admitted assets,
$5,063,589 56
AMERICAN CENTRAL INSURANCE CO.
115
Liabilities.
Unpaid losses, including $6,850 resisted, $317,526.60; less rein-
surance, $75,492.87, . .
Unearned premiums on outstanding risks, $1,846,455.90; plus
same on disallowed reinsurance, $14,902.04, .
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
Total liabilities,
52,960,197 89
$242,033 73
1,861,357 94
52,103,391 67
2,000,000 00
960,197 89
$5,063,589 56
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1905, . . $295,506,769 00 $3,571,018 50
Fire risks written during 1906, . . . 281,185,099 00 3,402,537 47
Total, .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$576,691,868 00
239,686,236 00
56,973,555 97
3,026,748 77
$337,005,632 00 $3,946,807 20
36,890,763 00 456,564 91
$300,114,869 00 $3,490,242 29
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,
$32,994,076 00
17,781,695 00
2,599,321 00
2,107,931 00
120,000 00
551,425 00
Schedule A. Securities held as Collateral.
Company's
Market Value.
$98,000 001
30,000 00 I
48,750 00 f
124,200 00 J
15,600 00
106,800 00
56,000 00
29,100 00
24,000 00
163,100 00 J
70,000 00
16,100 00
10,700 00 \
2,600 00 /
700 shares Wagner Electric Manufacturing Co., .
3,700 " Chicago Railway Equipment Co.,
150 " National Bank of Commerce, St. Louis,
Tennessee Central Railroad genl. mtge. 5s,
50 shares Third National Bank, St. Louis,
1,200 " North American Co., N. J.,
400 " Wagner Electric Manufacturing Co.,
300 " St. Louis Portland Cement Co., preferred,
Cumberland Coal & Coke Co., Jersey City, N. J., 6s, 1913,
Tennessee Central Railroad genl. mtge. 5s,
700 shares Broadway Real Estate Co., St. Louis,
50 " Commonwealth Trust Co., St. Louis,
Lincoln R. E. & Building Co., St. Louis, 6s, 1923,
United Railways Co., 4s, 1934, ....
Loaned
Thereon.
$265,000 00
100,000 00
200,000 00
60,000 00
10,000 00
11,250 00
$794,950 00 $646,250 00
Schedule B. Stocks and Bonds owned by the Company.
Railroad Stocks.
300 shares United, St. Louis, preferred,
Bank Stocks.
100 shares Boatmen's, St. Louis,
68 " Mechanics-American, St. Louis,
Book Value.
$24,275 00
11,800 00
21,115 50
Rate.
80
249
320
Market Value.
$24,000 00
24,900 00
21,760 00
116
AMERICAN CENTRAL INSURANCE CO.
3,900 shares Nat'l Bank of Commerce, St. Louis, .
250 " Third National, St. Louis,
Miscellaneous Stocks.
2 shares General Adjustment Bureau, N. Y., .
500 " Har.-McK. D. G. Co., St. L., 1st pref.,
57 " Laclede G. L. Co., preferred, St. Lo., .
5 " Underwriters' Salvage Co., Chicago, .
1 " Western Adjt. & Inspec. Co., Chicago,
Government Bonds.
United States 2s, 1930,
State and Municipal Bonds.
Boston, Mass., 3*s, 1943, .
Carthage, Mo., school district 4s, 1908-23,
Fort Worth, Texas, 4s, 1941, .
Georgia 4*s, 1915, .
New Bedford, Mass., 4s, 1915, .
Norborne, Mo., 6s, 1909, .
Peirce City, Mo., 5s, 1917,
Portland, Ore., 4s, 1928, .
Providence, R. I., 3*s, 1933,
Railroad Bonds.
Boston Terminal 3*s, 1947,
Central of Georgia Cons. 5s, 1945,
Chesapeake & Ohio 4*s, 1992, .
Chicago, Burlington & Quincy 4s, 1921,
Chicago, Rock Island & Pacific 4s, 1934,
Cleveland Terminal & Valley 4s, 1995,
Columbia & St. Louis 4s, 1942, .
Concord & Montreal 4s, 1920, .
Fort Worth & Denver City 6s, 1921, .
Fort Worth & Rio Grande 4s, 1928, .
Illinois Cent. (St. Louis Div. & Term.) 3s, 1951,
Kansas City, Fort Scott & Memphis 4s, 1936,
Kansas City Southern 3s, 1950,
Lake Shore & Michigan Southern 4s, 1928,
Little Rock & Hot Springs Western 4s, 1939,
Missouri Pacific 4s, 1945, . . - .
Oregon Railway & Navigation Co. 4s, 1946,
Pennsylvania convertible 3*s, 1915, .
St. Clair, Madison & St. Louis Belt 4s, 1951,
St. Louis, Council Bluffs & Omaha 6s, 1908,
St. Louis, Iron Mountain & Southern 4s, 1929,
St. Louis, Iron Mountain & Southern 5s, 1931,
St. Louis, Memphis & Southeastern 4*s, 1909,
St. Louis, Merchants Bridge Co. 6s, 1929,
St. Louis & San Francisco 4s, 1951,
St. Louis & Southwestern 4s, 1932,
St. Louis & Suburban 5s, 1923,
Southern Pacific 4s, 1955,
Union Depot, St. Louis, 6s, 1918,
United St. Louis 4s, 1934,
Miscellaneous Bonds.
American Telephone & Telegraph Co. 4s, 1929,
Frisco Annex Realty Co. 5s, 1928,
Kinloch Long District Telephone Co. 5s, 1929,
Laclede Gas Light Co. 5s, 1919,
Lincoln Real Estate & Build. Co., St. Lo., 6s, 1923
Mo. Electric Light & Power Co. 6s, 1921, .
Pontiac Building Co. 5s, 1922, .
Union Electric Light & Power Co. 5s, 1909,
Wright Building Co., St. Louis, 5s, 1931, .
Book Value.
$814,345 00
76,250 00
100 00
60,000 00
3,282 00
500 00
125 00
211,750 00
4,700 00
55,000 00
49,080 00
11,725 00
5,025 00
3,500 00
15,000 00
53,000 00
10,560 00
21,000 00
55,687 50
53,343 75
14,850 00
22,625 00
4,775 00
28,000 00
10,050 00
40,231 25
23,025 00
8,800 00
86,625 00
17,875 00
4,900 00
•23,718 75
47,640 62
9,800 00
92,437 50
30,430 00
18,000 00
47,812 50
26,875 00
97,086 06
85,950 00
62,037 65
39,132 17
49,250 00
23,843 75
109,937 50
48,261 25
13,500 00
55,000 00
47,285 00
67,021 20
79,146 69
98,640 00
48,000 00
23,750 00
93,500 00
$3,160,975 64
Rate. Market Value.
342 $1,333,800 00
310 77,500 00
100
103
95
100
100
1041
951
99*
91
111
101$
ioif
106
101*
97*
105*
109
103|
96*
90
98
93
101*
110
87
80*
82
71*
98
93
89
98*
93"
91*
101f
89
113*
96*
112
82
77
97
94f
113
85
90
100
86
104*
103
114*
lOOf
98
95
100 00
51,500 00
5,415 00
500 00
100 00
209,000 00
4,756 25
54,518 75
45,500 00
11,100 00
5,087 50
3,561 25
15,900 00
50,750 00
10,725 00
21,100 00
54,500 00
51,812 50
14,531 25
22,500 00
4,900 00
29,760 00
10,125 00
38,500 00
21,750 00
8,075 00
82,000 00
17,875 00
4,900 00
23,250 00
44,500 00
9,850 00
93,000 00
34,770 00
18,247 50
44,500 00
28,375 00
96,250 00
95,200 00
54,940 00
37,730 00
48,500 00
23,687 50
113,000 00
46,750 00
13,500 00
55,000 00
42,140 00
75,240 00
77,250 00
100,760 00
50,375 00
24.500 00
95,000 00
$3,679,117 50
UNDERWRITERS AT AMERICAN LLOYDS. 117
UNDERWRITERS AT AMERICAN LLOYDS, NEW YORK, N. Y.
Commenced business April 30, 1890.
GEORGE A. STANTON, Attorney.
Home Office, 45 Cedar Street.
Income.
Net fire premiums, $282,533 44
Interest on bonds, ........ 25,911 28
Deposited by two new subscribers, ...... 4,000 00
Total income, $312,444 72
Ledger assets, Dec. 31, 1905, 817,018 48
Total, $1,129,463 20
Disbursements.
Net amount paid for fire losses, ...... $34,200 49
Dividends to subscribers, . . . . . . . 47,052 63
Commissions or brokerage, ....... 91,453 39
Salaries, fees, etc., of officers and employees, . . ' . '4,925 00
Taxes and fees, 6,426 99
Total disbursements, $184,058 50
Balance, $945,404 70
Ledger Assets.
Loans secured by collateral (schedule A), . . . . $30,000 00
Bonds (schedule B), , 825,381 25
Cash in banks, 48,331 02
Agents' balances, . . . . . . . . 41,692 43
Total ledger assets, . $945,404 70
Non Ledger-Assets.
Interest accrued on bonds, ....... 8,258 33
Gross assets, ......... $953,663 03
Assets not admitted.
Book value of bonds over market value, ..... 71,737 50
Total admitted assets, $881,925 53
Liabilities.
Unpaid losses, . . . $14,233 00
Unearned premiums on outstanding risks, .... 150,913 89
Due for return premiums, $4,711.25; reinsurance, $1,174.95, . 5,886 20
Reserve for contingencies, ....... 100,000 00
All liabilities, except subscribers' deposits and surplus, . $271,033 09
Surplus to policy holders, 1 $610,892 44
Subscribers' deposits paid up, ...... 108,000 00
Surplus over subscribers' deposits and general liabilities, . . 502,892 44
Total liabilities, $881,925 53
118
AMERICAN MUTUAL FIRE INSURANCE CO.
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1905,
. $32,481,114 00
$292,789 24
Fire risks written during 1906,
. 39,819,973
00
347,380 49
Total,
. $72,301,087 00
$640,169 73
Risks expired and terminated,
. 38,655,184
00
336,870 85
In force at end of year, ....
. $33,645,903 00
$303,298 88
Amount reinsured, ....
216,250
00
1,471 10
Net amount in force,
. $33,429,653 00
$301,827 78
Miscellaneous.
Premiums received from organization of company, .
. $3,556
Losses paid from organization of company,
1,240,735 00
Fire losses incurred during the year,
.
45,877 00
Cash dividends declared from organization of company
483,341 00
Dividends declared during the year,
•
47,053 00
Schedule A. Securities held as Collateral.
Company's
Loaned
Market Value
Thereon.
70 shares Merchants National Bank, N. Y. City,
$5,600 00 ]
50 " New York Nat'l Exchange, N. Y. City,
10,250 00
47 " National Park Bank, New York City*
21,150 00
► $30,000 00
100 " Oriental Bank, New York City,
6,875 00
50 " Union Typewriter Co.,
4,400 00
$48,275 00
$30,000 00
Schedule B. Bonds owned by the
Company.
State, County and Mimic
ipal Bonds.
Book Value.
Rate.
Market Value.
Brooklyn, N. Y., 3fs, 1937,
3555,500
00
93
$46,500 00
Essex Co., N. J., 4s, 1938,
59,000
00
103f
51,812 50
Massachusetts 3-Js, 1935, .
33,975
00
100£
30,262 50
New York, N. Y., 3^s, 1954,
137,687
50
91f
123,356 25
New York, N. Y., 3s, 1925,
152,625
00
88f
132,562 50
New York, N. Y., 3Js, 1928,
27,375
00
94*
23,562 50
New York, N. Y., 4s, 1956,
51,000
00
102i
51,062 50
Railroad Bonds.
Atch., Topeka & Santa Fe general mortg. 4s, 1995
25,000
00
100
25,000 00
Baltimore & Ohio 4s, 1948,
24,875
00
lOOf
25.187 50
Cleveland, Cincinnati, Chicago & St. Lo. 4s, 1993
26,625
00
101
25,250 00
Metropolitan Street 5s, 1997,
61,125
00
105$
52,812 50
Pennsylvania Co. notes 4^s, 1907,
49,750
00
100
50,000 00
Pittsburg, Cincinnati, Chicago & St. Lo. 4s, 1945
25,156
25
100i
25,125 00
West Shore 4s, 2361,
46,000
00
103^
41,400 00
Miscellaneous Bonds.
Westinghouse Electric Co. notes 5s, 1907, ,
49,687
50
99^
49,750 00
$825,381
25
$753,643 75
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.
Office-, 10 Weybosset Street.
Income.
Net premiums, . . $312,119 79
AMERICAN MUTUAL FIRE INSURANCE CO.
119
Interest on stocks and bonds, $12,747.60; all other, $1,227.81,
Dividend, Lime Rock National Bank, in liquidation,
Total income,
Ledger assets, Dec. 31, 1905, ......
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,
Inspections, ......
Total disbursements, .......
Balance, .........
Ledger Assets.
Stocks and bonds (schedule A),
Cash in bank, .........
Premiums in course of collection, . . . . .
Total ledger assets, .......
Non-Ledger Assets.
Interest accrued on bonds, .......
Market value of stocks and bonds over book value, .
Gross assets, . . . .
Liabilities.
Unpaid losses, .........
Unearned premiums on outstanding risks, .
Taxes accrued,
All liabilities, except surplus, ......
Surplus, ..........
Total liabilities, ........
Risks and Premiums.
Amount. Cash Prem's.
Risks outs'ding Dec. 31, 1905, $32,417,976 00 $265,517 79
Risks written during 1906, . 40,572,419 00 325,724 38
$13,975 41
500 00
$326,595 20
331,509 50
$658,104 70
$12,586 07
249,491 84
4,839 93
1,192 92
5,383 09
2,387 06
4,822 85
$280,703 76
$377,400 94
$346,060 00
25,274 33
6,066 61
$377,400 94
511 67
2,950 88
$380,863 49
$524 54
154,912 22
5,518 88
$160,955 64
219,907 85
$380,863 49
Total, . . . $72,990,395 00
Risks expired and terminated, 34,706,678 00
$591,242 17
281,417 73
Conting't Prem's.
$1,327,588 95
1,628,621 90
$2,956,210 85
1,407,088 65
In force at end of year,
,283,717 00 $309,824 44 $1,549,122 20
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1906, 93.02 per cent.
.2,165 00
120
ASSURANCE COMPANY OF AMERICA.
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks
100 shares Atchison, Topeka & Santa Fe, prefer'd
200 " Chicago, Great Western,
23 " Chicago, Milwaukee & St. P., common
123 rights Chicago, Milwaukee & St. P., common
Subscription to C., M. & St. P. com. 1st instal. pd.
Subscription to C, M. & St. P., pref. 1st instal. pd.
100 shares Chicago, Mil. & St. Paul, preferred,
100
100
60
40
200
100
130
100
100
150
500
200
100
200
105
Cleve., Chic, Cin. & St. Lo., preferred
Cleveland & Pittsburg,
Illinois Central,
Illinois Central leased lines,
Manhattan,
Minn., St. P. & S. Ste. Marie, preferred
Morris & Essex,
New York, New Haven & Hartford,
Northern Pacific,
Old Colony, ....
Pennsylvania, ....
Pittsburg, Bess. & Lake Erie, preferred
Southern, preferred,
Union Pacific, preferred,
West End Street,
Municipal Bonds.
Boston, Mass., 4s, 1910, .
Boston, Mass., 3£s, 1930, .
Providence, R. I., 4s, 1925,
Railroad Bonds.
Denver City Tramway 5s, 1919,
N. Y., New Haven & Hart, convertible 3|s, 1956,
Book Value.
Rate.
Market Value.
$10,000 00
99
$9,900 00
17,600 00
80
16,000 00
2,300 00
14S£
3,424 13
33^
4,120 50
\ 300 00
100
300 00
610 00
100
610 00
18,400 00
162|
16,275 00
11,500 00
110
11,000 00
9,500 00
177
8,850 00
8,000 00
165^
9,930 00
4,000 00
103
4,120 00
31,300 00
142|
28,550 00
15,800 00
168
16,800 00
11,375 00
182
11,830 00
18,250 00
190^
19,050 00
20,200 00
185|
18,525 00
27,750 00
198
29,700 00
31,875 00
138f
34,593 75
15,400 00
145
14,500 00
10,000 00
94
9,400 00
19,600 00
94
18,800 00
9,800 00
184
9,660 00
10,000 00
100
10,000 00
10,000 00
96£
9,612 50
20,500 00
104i
20,900 00
8,000 00
101
8,080 00
4,000 00
112
4,480 00
$346,060 00
$349,010 88
ASSURANCE COMPANY OF AMERICA, NEW YORK, N. Y.
Incorporated Feb. 25, 1897. Commenced business April 1, 1897.
* Paid-up Capital, $200,000.
R. BLEECKER RATHBONE, President. CHARLES S. CONKLIN, Secretary.
Home Office, J+5 William Street.
Income.
Net fire premiums, $453,400 12
Interest on bonds, $32,387.60; all other, $1,906.46, . . 34,294 06
Profit on sale or maturity of ledger assets, .... 262 50
Total income, .....
Ledger assets, Dec. 31, 1905, ....
Total,
Disbursements.
Net amount paid for fire losses,
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees,
Taxes and fees, ......
Loss on sale or maturity of ledger assets,
All other disbursements, ....
Total disbursements, ....
Balance, ......
$487,956 68
1,062,274 40
$1,550,231 08
$474,106 13
140,811 40
1,855 00
20,468 64
813 67
17,592 43
$655,647 27
,583 81
* June 28, 1906, the capital stock was reduced from $400,000 to $200,000.
ASSURANCE COMPANY OP AMERICA.
121
Ledger Assets.
Bonds (schedule A),
Cash in bank,
Agents' balances, .
Total ledger assets,
Non-Ledger Assets.
Interest accrued on bonds, ....
Gross assets, ......
Assets not admitted.
Agents' balances over three months due, .
Book value of bonds over market value, .
Total unadmitted assets, . . . -
$1,495 02
89,173 00
Total admitted assets, ........
Liabilities.
Unpaid losses, including $23,236 resisted, $193,883.08; less re-
insurance, $10,166, ........
Unearned premiums on outstanding risks, .
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,
$294,281 85
Total liabilities,
$790,635 50
41,930 11
62,018 20
$894,583 81
3,229 17
$897,812 98
90,668 02
$830,644 96
$183,717 08
345,578 76
7,067 27
$536,363 11
200,000 00
94,281 85
$830,644 96
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, ....
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Premiums.
,386,107 00 $708,566 86
56,199,590 00 662,907 56
$114,585,697 00 $1,371,474 42
52,467,132 00 613,010 71
,118,565 00 $758,463 71
8,518,749 00 105,765 96
$53,599,816 00 $652,697 75
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,
$5,793,335 00
3,875,115 00
614,002 00
265,456 00
96,250 00
Schedule A. Bonds owned by the Company.
Municipal. Bonds. Book Value. Rate. Market Value.
New York, N. Y., 5s, 1906, . . . . $10,073 00 100 $10,000 00
New York, N. Y., 3s, 1925, .... 101,250 00 88f 88,375 00
New York, N. Y., 3£s, 1927, .... 110,400 00 94£ 94,500 00
122
ATLANTIC MUTUAL INSURANCE CO.
New York, N. Y.
New York, N. Y.
New York, N. Y.
3£s, 1928,
3*s, 1940,
3*8, 1952,
Railroad Bonds.
Atch., Top. & Santa Fe general mortgage 4s, 1995,
Baltimore & Ohio (S. W. Division), 3£s, 1925,
Chicago & Alton 3s, 1949,
Denver & Rio Grande 4s, 1936,
Lake Shore & Michigan Southern 4s, 1928,
Lehigh & Wilkes-Barre Coal Co. 4*s, 1910,
Manhattan 4s, 1990, ....
Metropolitan Street 4s, 2002,
Richmond & Danville 5s, 1927,
St. Louis, Iron Mountain & Southern 4s, 1929,
Scioto Valley & New England 4s, 1989,
Book Value.
Rate.
Market Value.
$25,437
50
94£
$23,562 50
221,750
00
92f
185,250 00
106,160
00
91f
91,625 00
30,600
00
100
30,000 00
17,850
00
90£
18,100 00
16,565
00
78£
15,700 00
20,200
00
97f
19,550 00
19,750
00
98
19,600 00
10,137
50
99
9,900 00
31,450
00
looj
30,150 00
18,450
00
82£
16,500 00
11,100
00
110*
11,050 00
19,162
50
89
17,800 00
20,300
00
99
19,800 00
$790,635
50
$701,462 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, . . . . . . . . $2,910,462 30
Interest on collaterals, $1 ,225 . 66 ; stocks and bonds, $338,623 . 53 ;
all other, $29,718.83, 369,568 02
Rents, including company's own occupancy, .... 330,860 83
Total income,
Ledger assets, Dec. 31, 1905, .
Total, .
. $3,610,891 15
. 13,136,589 60
$16,747,480 75
Disbursements
Net amount paid for marine losses,
Scrip redeemed in cash,
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, $59,010.41; other taxes and
Advertising,
Stationery,
Subscriptions to newspapers, etc.,
Salvage expense, .
Commissary,
Premiums on liability and plate glass insurance,
Total disbursements, ....
Balance, ......
Ledger Assets.
Real estate, .......
Loans secured by collateral (schedule A),
fees, $43,318.83
. $1,022,019
61
. 1,255,000
00
460,000
00
87,932
67
314,863
30
50,000
00
. ' 96,348
57
102,329 24
6,576
80
7,173
89
4,373
78
26,919 09
11,110
50
843
56
. $3,445,491
01
$13,301,989 74
. $4,374,426 04
100,000 00
ATLANTIC MUTUAL INSURANCE CO.
123
Stocks and bonds (schedule B),
Cash in banks and office,
Bills receivable,
Deposited with foreign bankers,
Scrip owned by company,
Total ledger assets,
Non-Ledger Assets.
Market value of stocks and bonds over book value,
Gross assets, ......
Assets not admitted.
Company's scrip owned, ....
Bills receivable, past due, ....
Book value of real estate over market value, . .
Total unadmitted assets, . .
Total admitted assets, ....
Liabilities.
Unpaid losses, including $22,000 resisted,
Unearned premiums on outstanding risks,
Unpaid scrip ordered to be redeemed,
Interest due or accrued,
Due for return premiums,
Surplus on redemption of scrip withheld as security,
Reserve for depreciation in real estate,
Outstanding certificates of profits, .
All liabilities, except surplus, .
Surplus, .....
56,003,038 10
1,263,598 30
1,273,574 76
271,142 54
16,210 00
$13,301,989 74
. 1,849,930 90
$15,151,920 64
$16,210 00
81,599 88
426 04
98,235 92
$15,053,684 72
$2,256,014 00
690,719 33
213,151 48
-48,103 47
102,787 93
21,243 13
270,000 00
7,548,420 00
$11,150,439 34
. 3,903,245 38
Total liabilities,
$15,053,684 72
Marine risks outstanding Dec. 31, 1905,
Marine risks written during 1906, .
Total, ....
Risks expired and terminated,
In force at end of year, . .
Amount reinsured, . . .
Net amount in force.
Risks and Premiums.
. $127,661,651 00
762,062,155 00
Premiums.
$581,762 85
3,190,241 67
,723,806 00 $3,772,004 52
735,633,154 00 3,081,285 19
$154,090,652 00
25,785 00
$690,719 33
161 48
$154,064,867 00 $690,557 85
Miscellaneous.
Premiums received from organization of company, .
Losses paid from organization of company,
Marine and inland losses incurred during the year,
Scrip dividends declared from organization of company,
Scrip dividends declared during the year,
$227,313,529 00
128,932,380 00
. 2,577,616 00
. 81,310,840 00
. 1,187,000 00
124
ATLANTIC MUTUAL INSURANCE CO.
Schedule A. Securities held as Collateral.
Company's
Market Value.
. $97,800 00
. 13,700 00
. 17,800 00
$129,300 00
600 shares Chicago, Milwaukee & St. Paul, preferred,
100 " Pennsylvania, .....
Atlantic Coast Line bonds, 4s, 1952, .
Loaned
Thereon.
$100,000 00
Schedule B. Stocks and Bonds owned by the Company.
Railroad Stocks.
1,600 shares Chicago & Northwestern,
700 " Delaware & Hudson,
1,800 " Delaware, Lackawanna & Western,
250 " Great Northern, preferred,
250 " Gt. North., I. O. Prop. (temp, certs.)
400 " Morris & Essex,
4,000 " New York Central & Hudson R.,
500 " New York, Lackawanna & Western,
200 " Northern Pacific, .
6,000 " Pennsylvania,
Bank Stocks.
900 shares American Exchange Nat'l, N. Y.,
500 " Bank of. America, N. Y.,
360 " Bank of the Manhattan Co., N. Y.,
942 "' Bank of N. Y. (Nat. B. Asso.), N. Y.
333 " Market & Fulton Nat'l, N. Y.,
850 " Mechanics National, N. Y.,
1,403 " Merchants National, N. Y.,
805 " Metropolitan Trust Company,
805 " N'l Bank of Commerce, N. Y.,
100 " U. S. Mortgage & Trust Co., .
Miscellaneous Stocks.
700 shares Consolidated Gas Co. of New York, .
Government, State and Municipal Bonds.
United States 4s, 1925,
District of Columbia 3.65s, 1924,
New York 3s, 1912,
New York, N. Y., 6s, 1910,
New York, N. Y., 3£s, 1916,
New York, N. Y., 3^s, 1953,
New York, N. Y., 5s, 1907,
New York, N. Y., 4fs, 1907,
Railroad Bonds.
Atlantic Coast Line 4s, 1952,
Brooklyn & Montauk 5s, 1938, .
Chicago, B. & Q. (Illinois Division) 4s, 1949,
Delaware & Hudson 4s, 1916,
Lake Shore & Michigan Southern 4s, 1928,
Lake Shore & Michigan Southern 4s, 1931,
New York Central & Hudson River 4s, 1934,
New York, Chicago & St. Louis 4s, 1937, .
Northern Pacific-Great Northern 4s, 1921, .
St. Paul, Minneapolis & Manitoba 4s, 1940,
West Shore 4s. 2361
Miscellaneous Bonds.
Consolidated Gas Co. of New York 6s, 1909,
Book Value.
$226,193 63
160,262 50
104,233 00
69,381 25
34,475
194,430
61,687
40,625
00
19
50
00
374,606 25
113,004 82
61,765 49
25,524 81
154,805 98
45,080 00
82,369 10
80,203 98
294,558 63
115,437 11
26,420 01
80,065 31
558,843 00
94,351 79
220,750 00
45,284 25
634,920 00
500,625 00
250,167 50
100,050 00
55,550 00
75,000 00
100,812 50
24,051 00
198,125 00
98,500 00
143,483 75
91,565 83
145,622 50
99,393 92
203,312 50
17,500 00
Rate.
198£
222
515
181
79
182
131
127|
185i
138|
247
525
300
315
265
245
160
572^
181
475
138
129f
116
100
105
961
9l|
100
100
96
106
102|
107
98
97£
97f
lOlf
96£
100
103£
137
Market Value.
$317,200 00
155,400 00
463,500 00
45,250 00
19,750 00
36,400 00
524,000 00
63,687 50
37,050 00
415,125 00
222,300 00
262,500 00
54,000 00
296,730 00
88,245 00
208,250 00
112,240 00
460,862 50
145,705 00
47,500 00
96,600 00
648,125 00
232,000 00
200,000 00
36,750 00
581,250 00
457,500 00
250,000 00
100,000 00
52,800 00
79,500 00
102,125 00
25,680 00
196,000 00
97,500 00
146,437 50
101,750 00
145,312 50
96,969 00
207,000 00
23,975 00
5,003,038 10
$7,852,969 00
THE BEN FKANKLIN INSURANCE CO.
125
THE BEN FRANKLIN INSURANCE COMPANY OF THE CITY OF
ALLEGHENY, ALLEGHENY, PA.
Incorporated Feb. 9, 1866. Commenced business June 26, 1866.
Paid-up Capital, $200,000.
SAMUEL McKNIGHT, President. WILLIAM A. FORD, Secretary.
Home Office, 116 Ohio Street, West.
Income.
Net fire premiums, .......
Interest on mortgage loans, 131,747.06; all other, $297.01,
Rents, . . . . .
Total income, ......
Ledger assets, Dec. 31, 1905, .....
Total,
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, $79.64; other taxes and fees, $8,980.69
Advertising, printing and stationery,
Legal expenses, ...
Profit and loss, .......
All other disbursements, .....
Total disbursements, . .
Balance, . . . .
Ledger Assets.
Real estate, $4,000; mortgages, $597,555,
Cash in banks and office, .....
Agents' balances, .......
Premiums in course of collection, ....
Total ledger assets, .....
Non-Ledger Assets.
Interest due and accrued on mortgages, .
Rents due on company's property, ....
Gross assets, .......
Assets not admitted.
Agents' balances over three months due,
Total admitted assets, .....
$371,177 20
32,044 07
336 00
. $403,557 27
601,886 86
. $1,005,444 13
. $155,016 39
32,000 00
103,259 65
14,132 73
2,100 00
9 80
l, . 9,060 33
4,248 76
56 05
149 78
. .11,165 79
. $331,199 28
. $674,244 85
. $601,555 00
20,743 00
48,280 15
3,666 70
. $674,244 85
9,701 29
28 00
. $683,974 14
716 05
$683,258 09
126
BLACKSTONE MUTUAL FIRE INSURANCE CO.
Liabilities.
Unpaid losses, including $2,516 resisted, $26,607.40; less rein-
surance, $318.11, ........
Unearned premiums on outstanding risks, $297,966.04; plus
same on disallowed reinsurance, $13,384.35,
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,
$341,947 34
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
,726,422 00
39,501,496 00
$78,227,918 00
28,675,580 00
$49,552,338 00
3,210,613 00
$26,289 29
311,350 39
3,060 13
550 01
60 93
$341,310 75
200,000 00
141,947 34
$683,258 09
Premiums.
$487,646 31
473,037 99
$960,684 30
366,206 05
$594,478 25
37,493 91
,341,725 00 $556,984 34
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 (16 per cent.),
Company's stock owned by directors,
$2,936,036 00
1,216,945 00
144,401 00
358,301 00
40,000 00
32,000 00
76,350 00
BLACKSTONE MUTUAL FIRE INSURANCE COMPANY,
PROVIDENCE, R. I.
Incorporated August, 1868. Commenced business August, 1868.
WM. B. McBEE, President. JAMES H. SWEET, Secretary.
Office, 10 Weybosset Street.
Income.
Net premiums, $701,907 06
Interest on stocks and bonds, $27,665.92; all other, $5,370.33, . 33,036 25
Profit on sale or maturity of ledger assets, .... 4,675 00
Dividend, Lime Rock National Bank, in liquidation, . . 500 00
Total income,
Ledger assets, Dec. 31, 1905,
^740,118 31
720,749 22
Total,
,460,867 5.3
BLACKSTONE MUTUAL FIRE INSURANCE CO. 127
Disbursements.
Net amount paid for losses,
Profits on terminated policies,
Salaries, fees, etc., of officers and employees, .... 12,967 68
Rents, .....
Taxes and fees, ....
Reduction in book value of ledger assets,
Inspections, .....
All other disbursements,
Total disbursements,
Balance, . . .
$32,459 56
577,069 83
1,870 08
12,467 41
7,185 11
10,434 36
2,359 56
$656,813 59
$804,053 94
Ledger Assets.
Stocks and bonds (schedule A), $689,125 00
Cash in banks, . 104,785 76
Premiums in course of collection, ...... 10,143 18
^ Total ledger assets, . . . . . . , $804,053 94
Non-Ledger Assets.
Interest accrued on bonds, ....... 3,041 51
Market value of stocks and bonds over book value, . . . 96,024 25
Gross assets, . $903,119 70
Liabilities.
• Unpaid losses, . .. . . # $1,424 61
Unearned premiums on outstanding risks, .... 349,192 88
Taxes, 11,565 20
All liabilities, except surplus, ...... $362,182 69
Surplus, 540,937 01
Total liabilities, . . $903,119 70
Risks and Premiums.
• Amount. Cash Prem's. Conting't Prem's.
Risks outs'ding Dec. 31, 1905, $77,291,647 00 $618,642 33 $3,093,211 65
Risks written during 1906, . 93,237,332 00 732,258 51 3,661,292 55
Total, .... $170,528,979 00 $1,350,900 84 $6,754,504 20
Risks expired and terminated, 82,096,336 00 652,515 08 3,262,575 40
In force at end of year, . . $88,432,643 00 $698,385 76 $3,491,928 80
Miscellaneous.
Losses incurred during the year, ...... $27,470 00
Profits or surplus returned during 1906, 92.75 per cent.
Schedule A. Stocks and Bonds owned bythe Company.
Railroad Stocks. Book Value. Rate. Market Value.
601 shares Albany & Susquehanna, . . . $14,580 00 245 $14,700 00
214 " Cayuga & Susquehanna, . . . 14,552 00 220 14,124 00
200 " Chic, Mil. & St. Paul, common, . . 34,025 00 148£ 29,775 00
200 rights Chic, Mil. & St. Paul, common, . • . - 33| 6,700 00
Subscription Chic, Mil. & St. P., 1st inst. p'd, pref., 1,000 00 100 1,000 00
128
BRITISH AMERICAN INSURANCE CO. OF NEW YORK.
Chic, Mil. & St. Paul, 1st instal. paid, common,
324 shares Chicago & Northwestern, .
200 " Cleve., Cin., Chic. & St. Lo., common,
100 " Cleveland & Pittsburgh, common,
100 " Erie & Pittsburgh, common,
150 " Hereford, common, .
360 " Illinois Central, common, .
100 " Illinois Central (leased lines),
110 " Mahoning Coal, preferred,
250 " Manhattan Elevated,
300 " Morris & Essex,
200 " N. Y., Lackawanna & Western,
944 " Pennsylvania, ....
100 " Pitts., Bes. & Lake Erie, preferred,
170 " Pitts., Ft. Wayne & Chicago,
222 " Pitts., McKeesport & Youghiogheny,
50 shares Rensselaer & Saratoga,
200 " Rome, Watertown & Ogdensburg,
50 " Upper Coos, . .
Bank Stocks.
200 shares Lime Rock National (Prov., R. I.),
Miscellaneous Stocks.
200 shares American Telephone & Tel. Co.,
50 " Gold & Stock Telegraph Co.,
100 " St. Louis Bridge Co., preferred,
Government Bonds.
United States 4s, 1925,
State Bonds.
Rhode Island 3*s, 1924, .
Rhode Island 3s, 1936,
Railroad Bonds.
Chicago, Burlington & Quincy 3*s, 1949,
Long Island guar. ref. 4s, 1949,
North. Pac. & Gt. North. (C, B. & Q. col.) 4s, 1921,
United Traction & Electric Co., Prov., 5s, 1933, .
Book Value.
$500 00
32,400 00
23,750 00
9,750 00
8,100 00
15,000 00
37,080 00
10,750 00
5,500 00
35,000 00
28,200 00
25,800 00
59,472 00
5,000 00
29,240 00
15,446 00
9,900 00
20,000 00
7,450 00
1,500 00
27,600 00
6,250 00
14,500 00
16,000 00
100,000 00
15,000 00
4,000 00
9,900 00
26,880 00
25,000 00
,125 00
Rate.
100
198|
901
177
156
97
165*
103
100
142f
182
127|
138|
145
173
133
200
1271
145
133*
110
140
129f
104*
971
92
99
96£
108*
Market Value .
$500 00
64,233 00
18,175 00
8,850 00
7,800 00
14,550 00
59,580 00
10,300 00
5,500 00
35,687 50
27,300 00
25,475 00
65,313 00
7,250 00
29,410 00
14,763 00
10,000 00
25,500 00
7,250 00
26,700 00
5,500 00
14,000 00
20,740 00
104,875 00
14,643 75
3,680 00
9,900 00
54,250 00
27,125 00
$785,149 25
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. H. W. FRINK, Secretary.
Rome Office, J+5 Cedar Street.
Income.
Net fire premiums, $369,970 14
Interest on stocks and bonds, $17,692.25; all other, $35.89, . 17,728 14
Profit on sale or maturity of ledger assets, .... 18,625 25
Total income, .....
Ledger assets, Dec. 31, 1905, .
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, .....
$406,323 53
551,086 34
$957,409 87
$316,411 95
10,000 00
90,870 85
10,333 64
2,225 00
6,886 18
BRITISH AMERICAN INSURANCE CO. OF NEW YORK.
129
Adjustment expenses, .
Advertising, printing and stationery,
Interest on loans, ....
Inspection and supervision,
Maps, ......
Postage, .....
Local board, ....
All other disbursements,
Total disbursements,
Balance, ....
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Ledger Assets.
Total ledger assets,
Non-Ledger Assets.
Interest accrued on bonds, .......
Gross assets, . . . .
Assets not admitted.
Book value of stocks and bonds over market value, .
Total admitted assets, .......
Liabilities.
Unpaid losses, including $1,120 resisted, $93,422.78; less rein-
surance, $34,344.46,
Unearned premiums on outstanding risks, ....
Due for reinsurance, . .
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$216,421 46
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured.
Net amount in force, ....
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
$47,130,994 00
54,544,094 00
$101,675,088 00
56,989,617 00
$44,685,471 00
15,388,847 00
£3,312 53
2,849 72
693 05
4,608 48
558 77
1,819 46
3,510 46
424 76
$454,504 85
$502,905 02
$388,633 50
25,802 32
88,469 20
$502,905 02
1,166 64
$504,071 66
23,658 50
$480,413 16
),078 32
191,306 23
13,607 15
$263,991 70
200,000 00
16,421 46
$480,413 16
Premiums.
$552,571 70
655,131 22
1,207,702 92
694,976 62
$512,726 30
158 856 85
$29,296,624 00 $353,869 45
12,185,379 00
1,399,768 00
130
BUFFALO COMMERCIAL INSURANCE CO.
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,
$356,837 00
15,000 00
10,000 00
176,000 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
100 shares Atchison, Top. & Santa Fe, preferred,
100 " Baltimore & Ohio, common,
100 " Erie, 1st preferred, .
200 " Illinois Central,
500 " Pennsylvania, .
100 " Union Pacific, common,
100 " Union Pacific, preferred,
Miscellaneous Stocks.
100 shares Consolidated Gas Co., New York,
150 " General Electric,
150 rights General Electric, . ...
200 shares The Mackay Co., preferred,
1 share Western Adjustment Inspection Co.,
Municipal Bonds.
New York, N. Y., 3^s, 1927,
New York, N. Y., 3£s, 1940,
Book Value.
$10,187 50
11,487 50
8,500 00
27,012 50
31,593 75
11,462 50
9,787 50
21,012 50
26.750 25
14,787 50
109,250 00
106,802 00
$388,633 50
Rate.
99
119*
75
165J
138f
180*
94
138
160
HI
68*
100
94*
92#
Market Value.
$9,900 00
11,950 00
7,500 00
33,100 00
34,593 75
18,025 00
9,400 00
13,800 00
24,000 00
1,781 25
13,700 00
100 00
94,500 00
92,625 00
$364,975 00
BUFFALO COMMERCIAL INSURANCE COMPANY, BUFFALO, N. Y
Incorporated April 15, 1896. Commenced business April 16, 1896.
Paid-up Capital, $200,000.
JOHN G. WICKSER, President. GEO. H. HOFHEINS, Secretary.
Home Office, 4.55 Main Street. '
Income.
Net fire premiums, ........
Interest on mortgage loans, $7,549.07; bonds, $9,601.74; all
other, $2,106.96,
Profit on sale of bonds, ........
$344,248 31
19,257 77
140 62
Total income, ....
Ledger assets, Dec. 31, 1905, .
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 bonds, .
Printing and stationery,
Furniture and fixtures, ....
All other disbursements,
Total disbursements,
Balance, .....
$363,646 70
556,550 27
$920,196 97
$162,298 20
16,000 00
90,673 75
12,894 19
642 95
7,565 26
62 50
1,560 99
1,357 29
12,268 19
$305,323 32
$614,873 65
BUFFALO COMMERCIAL INSURANCE CO.
131
Ledger Assets.
Mortgages, ..........
Bonds (schedule A),
Cash in banks, .........
Agents' balances, .........
Total ledger assets, .......
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $1,191.50; bonds, $2,137.11, .
Gross assets, .........
Assets not admitted.
Book value of bonds over market value, .....
Total admitted assets, .......
Liabilities.
Unpaid losses, .........
Unearned premiums on outstanding risks, $259,566 .44; plus same
on disallowed reinsurance, $1,301.87, .
Reserve for contingencies, .......
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$319,080 73
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, . . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$35,782,751 00
34,574,993 00
$70,357,744 00
26,583,654' 00
$43,774,090 00
1,858,589 00
$158,865 00
326,870 84
85,096 36
44,041 45
$614,873 65
3,328 61
$618,202 26
8,089 59
$610,112 67
$25,163 63
260,868 31
5,000 00
$291,031 94
200,000 00
119,080 73
$610,112 67
Premiums.
$417,711 98
416,974 63
$834,686 61
330,550 80
$504,135 81
18,402 46
$41,915,501 00 $485,733 35
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. Bonds owned by the Company.
Municipal Bonds. Book Value. Rate.
Buffalo, N. Y., 3|s, 1907, $10,000 00 99|
5,000 00 99f
10,000 00 99f
Buffalo, N. Y., 3^s, 1908,
Buffalo, N. Y., 3is, 1909,
51,986,963 00
1,014,863 00
176,347 00
75,000 00
16,000 00
64,500 00
Market Value.
$9,987 50
4,987 50
9,962 50
132
BUFFALO GERMAN INSURANCE CO,
Buffalo, N. Y., 3£s, 1910,
Buffalo, N. Y., 3£s, 1911,
Buffalo, N. Y., 3£s, 1912,
Buffalo, N. Y., 3£s, 1913,
Buffalo, N. Y., 3£s, 1914,
Buffalo, N. Y., 3£s, 1915,
Buffalo, N. Y, 3|s, 1916,
Buffalo, N. Y, 3^s, 1919,
Buffalo, N. Y., 3^s, 1922,
Buffalo, N. Y., 3^s, 1923,
New York, N. Y., 3is, 1917,
New York, N. Y., 3^s, 1928,
New York, N. Y., 3^s, 1929,
New York, N. Y., 3£s, 1954,
Railroad Bonds
Atlantic Coast Line 4s, 1952,
Chicago, Mil., St. Paul 5s, 1921,
Wabash 1st mortgage 5s, 1939, .
Book Value.
$65,000 00
55,000 00
5,000 00
10,000 00
5,000 00
5,000 00
10,000 00
5,000 00
10,000 00
10,000 00
25,000 00
25,000 00
10,000 00
40,000 00
9,566 67
11,187 50
1,116 67
$326,870 84
Rate.
99i
99i
99
98f
98|
98^
98
97f
97f
96f
94i
94i
91f
96
111*
H2|
Market Value.
$64,675 00
54,587 50
4,950 00
9,887 50
4,937 50
4,931 25
9,850 00
4,900 00
9,775 00
9,762 50
24,187 50
23,562 50
9,412 50
36,550 00
9,600 00
11,150 00
1,125 00
$318,781 25
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, 44? Main Street.
Income.
Net fire premiums, . $677,384 84
Interest on mortgage loans, $23,036.64; collaterals, $283.31;
bonds, $46,959.81; all other, $3,787.62, .... 74,06738
Rents, including company's own occupancy, .... 24,427 38
Brokerage, .......... 4,266 33
Total income, ....
Ledger assets, Dec. 31, 1905, .
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, $10,423.53; other taxes and
Printing,
Profit and loss, .....
Traveling expenses, ....
All other disbursements,
Total disbursements,
Balance,
Ledger Assets
Real estate, $337,000; mortgages, $414,800,
Loans secured by collateral (schedule A),
),145 93
2,399,847 64
fees,
. $3,179,993 57
. $548,530
15
40,000
00
191,973
87
34,261
07
2,500
00
7,548
65
$14,764.34; 25,187
87
3,001
79
. . . 1,222
70
4,290 34
23,136 07
. $881,652 51
. $2,298,341
06
. $751,800 00
14,600
00
BUFFALO GERMAN INSURANCE CO.
133
Bonds (schedule B),
Cash in banks and office, .......
Agents' balances, .........
Total ledger assets, .......
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $4,385.93; bonds, $7,468.11; on collateral loans,
$495,
Rents due on company's property, ......
,317,166 67
138,583 40
76,190 99
',298,341 06
Gross assets,* ......
Assets not admitted.
Book value of bonds over market value, .
Total admitted assets,
12,349 04
652 50
. $2,311,342 60
49,545 84
Liabilities.
Unpaid losses, including $1,967.61 resisted, $58,802.55; less rein-
surance, $11,752.50, ........
Unearned premiums on outstanding risks, $579,212 . 82 ; plus same
on disallowed reinsurance, $4,861 . 50, .
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
Total liabilities, ....
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
12,261,796 76
$47,050 05
584,074 32
$631,124 37
200,000 00
1,430,672 39
. ... . $2,261,796 76
Risks and Premiums.
Premiums.
$101,186,404 00 $1,039,591 57
84,406,954 00 931,639 98
,630,672 39
Total, . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$185,593,358 00 $1,971,231 55
63,354,847 00 709,387 09
$122,238,511 00 $1,261,844 46
15,175,257 00 166,804 00
$107,063,254 00 $1,095,040 46
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,
$13,076,382 00
6,483,123 00
572,320 00
1,485,925 00
40,000 00
41,400 00
Schedule A. Bonds owned by the Company.
Municipal Bonds. Book Value. Rate. Market Value.
Buffalo, N. Y., 3£s, 1907, .... $35,333 33 99| $35,289 16
Buffalo, N. Y., 3^s, 1908,
Buffalo, N. Y., 3^s, 1909,
35,333 33
130,333 33
99f
99#
35,245 00
129,844 58
* Including $200,000 special reserve held under New York law.
134
CALEDONIAN-AMERICAN INSURANCE CO.
Book Value.
Rate.
Market Value.
Buffalo, N.
Y.
3£s, 1910, . . . $75,333 33
99J
$74,956 66
Buffalo
N.
Y.
3^s
1911,
70,333 33
991
69,805 83
Buffalo
N.
Y.
3^s
1912,
125,333 33
99
124,080 00
Buffalo
N.
Y.
3|s
1913,
85,333 33
98f
84,373 33
Buffalo
N.
Y.
3*s
1914,
25,333 33
98f
25,016 66
Buffalo
N.
Y.
3^s
1915,
102,333 33
98f
100,926 25
Buffalo
N.
Y.
3^s
1916,
15,333 33
98^
15,103 33
Buffalo
N.
Y.
3^s
1917,
15,333 33
98f
15,084 16
Buffalo
N.
Y.
3^s
1918,
15,333 33
98i
15,065 00
Buffalo
N.
Y.
3is
1919,
15,333 33
98
15,026 66
Buffalo
N.
Y.
3^s
1920,
15,333 33
98
15,026 66
Buffalo
N.
Y.
3is
1921,
15,333 33
971
15,007 50
Buffalo
N.
Y.
3^s
1922,
10,833 33
97f
10,589 58
Buffalo
N.
Y.
3is
1923,
3,333 33
97f
3,254 16
Buffalo
N.
Y.
3£s
1924,
3,333 33
97i
3,250 00
Buffalo
N.
Y.
3is
1925,
3,333 33
97f
3,245 83
Buffalo
N.
Y.
Sis
1926,
3,333 34
97i
3,241 67
Buffalo
N.
Y.
Sis
1927,
3,333 34
97|
3,241 67
Buffalo
N.
Y.
3^s
1928,
3,333 34
97i
3,237 51
Buffalo
N.
Y.
3^s
1929,
3,333 38
97
3,233 38
New York,
N.
Y., 3^s, 1928,
25,000 00
94i
23,562 50
New York,
N.
Y., 3^s, 1929,
40,000 00
94|
37,650 00
New York,
N.
Y., 3£s, 1951,
50,000 00
91f
45,812 50
New York,
N.
Y., 3^s, 1952,
55,000 00
91|
50,393 75
New York,
N.
Y., 3*s, 1953,
30,000 00
91!
27,450 00
New York,
N.
Y., 3^s, 1954,
306,000 00
91f
279,607 50
$1,317,166 67
$1,267,620 83
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. B. G. STARK, Secretary.
Home Office, 50 Pine Street.
Income.
Net fire premiums, $11,629 21
Interest on stocks and bonds, ...... 10,608 33
Profit on sale of ledger assets, . . . . . . 411 19
Total income, .....
Ledger assets, Dec. 31, 1905, ....
Total,
• Disbursements.
Net amount paid for fire losses,
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees,
Rents, .......
Taxes and fees, ......
Postage, express and telegrams,
Traveling expenses, .....
All other disbursements, ....
Total disbursements, ....
Balance, ......
Stocks and bonds (schedule A),
Cash in banks,
Ledger Assets.
$22,648 73
308,281 61
$330,930 34
$71,388 83
2,876 22
678 14
37 06
404 50
103 17
46 30
434 17
$75,968 39
$254,961 95
$228,668 78
6,117 91
CALEDONIAN-AMERICAN INSURANCE CO.
135
Agents' balances, ......
Due from other companies, ....
Total ledger assets, ....
Non-Ledger Assets.
Interest due and accrued on bonds,
Gross assets, ......
Assets not admitted.
Agents' balances over three months due, .
Due from unauthorized companies,
Book value of stocks and bonds over market value,
Total unadmitted assets, . . . —
Total admitted assets, . . . .
Liabilities.
Unpaid losses, including $4,000 resisted, $96,213.48; less rein-
surance, $74,606.61, ........
Unearned premiums on outstanding risks, ....
Due for reinsurance,
53,957 42
1 53
5,431 28
$20,161 23
14 03
$254,961 95
1,362 50
$256,324 45
9,390 23
$246,934 22
$21,606 87
9,604 12
4,930 12
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$210,793 11
Total liabilities,
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
141 11
200,000 00
10,793 11
$246,934 22
Risks and Premiums.
Premiums.
$12,734,623 00 $146,568 85
8,771,488 00 97,568 08
Total, .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$21,506,111 00 $244,136 93
10,269,973 00 122,225 39
$11,236,138 00 $121,911 54
9,479,641 00 102,687 77
,756,497 00 $19,223 77
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,
$381,892 00
358,227 00
84,377 00
46,000 00
4,500 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value. Rate. Market Value.
200 shares Pittsburg, Bessemer & Lake Erie, : $7,283 90 67 $6,700 00
Municipal Bonds.
New York, N. Y., 3s, 1908, . . . . 200,000 00 98£ 197,000 00
136
CALUMET INSURANCE CO. OF ILLINOIS.
Railroad Bonds.
Brooklyn, Queens Co. & Sub. 1st mort. 5s, 1941,
New York, Ontario & Western 4s, 1992,
Steinway 6s, 1922,
Miscellaneous Bonds.
The Tenth & Twenty-Third St. Ferry Co. 5s, 1919,
Book Value.
5,481 25
5,097 38
5,718 75
5,087 50
$228,668 78
Rate.
101
100
109f
80
Market Value.
5,050 00
5,000 00
5,487 50
4,000 00
$223,237 50
',157 27
4,380 26
22,366 21
1,518 75
370,000 00
CALUMET INSURANCE COMPANY OF ILLINOIS, CHICAGO, ILL.
Incorporated Jan. 21, 1905. Commenced business March 22, 1905.
Paid-up Capital, $200,000.
W. IRVING OSBORNE, President. A. W. HAIGHT, Secretary.
Home Office, 153 La Salle Street.
Income.
Net fire premiums, ......
Interest on mortgage loans, $4,280.26; collaterals, $100,
Interest on stocks and bonds, $21,087.25; all other, $1,278.96,
Profit on sale or maturity of bonds,
Received from stockholders, .....
Total income, .....
Ledger assets, Dec. 31, 1905, ....
Total, . .
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,
Board expense,
Printing and stationery,
Legal expense,
Exchange and telegrams,
Furniture and fixtures, .
Maps, ....
Postage,
Advertising,
Traveling expenses,
Fire patrols,
All other disbursements,
Total disbursements,
Balance,
Ledger Assets.
Mortgages, ........
Stocks (1 share Western Inspection & Adjustment Co.),
Cash in banks and office, .....
Agents' balances, . . .
Deposit with Philadelphia Underwriters' Ass'n,
$495,422 49
609,349
16
$1,104,771
65
$590,247 08
24,658
99
41,040
92
3,849 25
8,091
48
8,635
68
1,873
00
1,722
79
2,300
00
852
16
562
80
2,925
84
2,102
02
1,129
01
17,155
19
1,153
73
3,722
08
$712,022 02
$392,749 63
$6,000 00
140 00
369,099 10
15,606 64
100 00
CALUMET INSURANCE CO. OF ILLINOIS.
137
Due from other companies, ....
All other ledger assets, .....
Total ledger assets, ....
Non-Ledger Assets.
Interest accrued on mortgages,
Gross assets, ......
Assets not admitted.
Agents' balances over three months due,
Book value of stock over market value, .
Due from unauthorized companies,
Deposit with Philadelphia Underwriters' Ass'n,
Total unadmitted assets, .
54,423 70
40 00
1,537 18
100 00
Total admitted assets, ......
Liabilities.
Unpaid losses, $109,998.80; less reinsurance, $17,867.59, .
Unearned premiums on outstanding risks,
Salaries and other miscellaneous expenses, due or accrued,
Reinsurance, .......
Miscellaneous, .......
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$213,481 04
Total liabilities,
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
$1,803 67
22
$392,749 63
250 00
$392,999 63
6,100 88
$386,898 75
$92,129 21
70,435 83
107 95
10,136 69
608 03
$173,417 71
200,000 00
13,481 04
$386,898 75
Risks and Premiums.
Premiums.
. $20,264,569 00 $275,207 99
. 27,934,218 00 375,011 95
Total, .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
,198,787 00 $650,219 94
29,168,926 00 396,626 80
$19,029,861 00 $253,593 14
10,168,149 00 130,251 55
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,
1,861,712 00 $123,341 59
$369,946 00
624,732 00
641,089 00
87,600 00
138
CAMDEN FIRE INSURANCE ASSOCIATION.
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, 4^4 Federal Street.
Income.
Net fire premiums, .......
Deposit premiums on perpetual risks, ....
Interest on mortgage loans, $20,597.43; collaterals, $5,118.79
stocks and bonds, $38,120.25; all other, $1,195.10,
Rents, . . . . ...
Profit on sale or maturity of ledger assets,
Transfer fees, ........
Total income, .....
Ledger assets, Dec. 31, 1905, . .
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, $595.67; other taxes and fees, $14,122.68,
Loss on sale or maturity of ledger assets,
Agents' balances charged off, ....
Adjustment expenses.
Underwriters' boards, .....
All other disbursements, ....
Total disbursements, . .
Balance, ......
Ledger Assets.
Real estate, $54,749.50; mortgages, $387,850.27,
Loans secured by collateral (schedule A),
Stocks and bonds (schedule B),
Cash in banks and office, . . .
Agents' balances, . . . . .
Deposit with Philadelphia Underwriters' Association,
Total ledger assets,
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $4,222.88; bonds, $2,913.32; collateral loans,
$168.90; other assets, $702.15,
Gross assets, .........
. $1,059,432
91
1,996
08
65,031
57
565
10
6,663
08
29
00
. $1,133,717 74
. 1,597,541
31
. $2,731,259 05
. $765,919
17
974
11
39,983
00
286,773
68
30,864 00
395
98
14,718 35
4,115
62
12
18
4,506
95
7,902
33
18,137
55
. $1,174,302 92
. $1,556,956
13
. $442,599 77
127,000
00
814,939
89
30,606
19
141,710 28
100
00
. $1,556,956
13
8,007 25
$1,564,963 38
CAMDEN FIRE INSURANCE ASSOCIATION.
139
Assets not admitted.
Agents' balances over three months due, . $1,738 33
Book value of real estate over market value, . 5,749 50
Book value ofst'ks and bonds over market value, 10,159 89
Deposit with Philadelphia Underwriters' Ass'n, 100 00
Total unadmitted assets, . . .
$17,747 72
Total admitted assets, ......
Liabilities.
Unpaid losses, $143,750; less reinsurance, $12,963.88,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Dividends due stockholders, ......
Salaries and other miscellaneous expenses, due or accrued,
Due for reinsurance, .......
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
Total liabilities, ....
,334 61
$1,547,215
66
$130,786
807,651
24,424
12
52
45
227
80
578
88
212
28
$963,881
05
400,000
183,334
00
61
,547,215 66
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1905, . . $97,884,650 00 $1,213,660 88
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
\
Net amount in force,
109,862,657 00 1,409,276 05
$207,747,307 00
80,268,220 00
52,622,936 93
1,044,658 50
$127,479,087 00 $1,578,278 43
8,371,427 00 117,059 78
$119,107,660 00 $1,461,218 65
Perpetual risks in force (not inclu'd above), $1,179,266 00 $27,138 28
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. Securities held as Collateral
100 shares Camden Horse R.R. Co., .
300 " American Railways Co.,
100 " American Tobacco Co., preferred,
30 " Burlington, N. J., Trust Co.,
49 " Camden and Suburban R.R. Co..
100 " United Gas Improvement Co., .
Minneapolis & St. Louis R.R. 5s, 1911,
100 shares Philadelphia Traction Co.,
Company's
Market Value.
$14,000 00
15,000 00
9,700 00
7,500 00
686 00
9,000 00
12,740 00
9,700 00
£4,316,896 00
2,034,314 00
831,692 00
409,903 00
52,865 00
40,000 00
76,455 00
Loaned
Thereon.
$4,000 00
50,000 00
140
CAMDEN FIRE INSURANCE ASSOCIATION.
40 shares United Gas Improvement Co., .
200 " Lehigh Valley R.R. Co., ....
200 " Lehigh Coal and Navigation Co.,
100 " Electric Co. of America, ....
100 "r Philadelphia Electric Co., ....
Consolidated Traction Co., bond, ....
United Railways Investment Co. of San Francisco, bond,
Lehigh Valley R.R. Co., bond,
10 shares Securitv Trust Co.,
205 " Central Trust Co.,
100 " Central Trust Co.,
200 " Central Trust Co.,
Company's
Market Value.
$3,600 00 '
15,600 00
20,200 00
1,100 00
800 00
1,060 00
18,000 00
1,230 00
2,150 00
16,400 00
8,000 00
16,000 00
Loaned
Thereon.
$50,000 00
1,000 00
12,000 00
5,000 00
5,000 00
$182,466 00 $127,000 00
Schedule B. Stocks and Bonds owned by the Company.
Railroad Stocks.
410 shares Camden Horse,
100 " Phila., Germantown & Norristown,
200 " United N. J. R.R. & Canal Co.,
500 " West Jersey & Seashore, .
Bank Stocks.
16 shares Girard Trust Co., Phila.,
Miscellaneous Stocks.
3 shares General Adjustment Bureau, N. Y.,
20 " Morris Canal & Banking Co., pref.,
300 " Philadelphia & Camden Ferry Co.,
County and Municipal Bonds.
Bridgeton, N. J., 4s, 1927,
Camden, N. J., 4s, 1907-11,
Camden County, N. J., 4s, 1944,
Collingswood, N. J., 4s, 1910-1959,
Duluth, Minn., 5s, 1926, .
Gloucester City, N. J., 4s, 1915,
Jersey City, N. J., 4s, 1932,
Ocean City, N. J., 4$s, 1920,
Ocean City, N. J., 4s, 1932,
Railroad Bonds.
Atlantic City 4s, 1951,
Atlantic City 5s, 1919,
Bridgeton & Millville Traction Co., 5s, 1930
Camden Horse 5s, 1912,
Camden & Suburban 5s, 1910-11,
Camden & Suburban 5s, 1946, .
Choctaw & Memphis 5s, 1949, .
Choctaw, Oklahoma & Gulf 5s, 1952,
Citizens' Street, Muncie, Ind., 6s, 1927,
Consolidated Traction, N. J., 5s, 1933,
Erie Car Trust 4$s, 1907-08,
Iron Mountain Car Trust 5s, 1909-11,
Jersey City, Hoboken, Paterson 4s, 1949,
Newark Passenger 5s, 1930,
Norfolk & Western, Pocahontas 4s, 1941,
Paterson 6s, 1931, ....
Seaboard Air Line equipment 5s, 1909-13,
South Jersey Gas, Elec. & Trac. 5s, 1953,
St. Louis & San Francisco equip. 5s, 1908,
West Jersey & Seashore 3$s, 1936,
Wisconsin Central 4s, 1949,
Miscellaneous Bonds.
Hudson County Gas Co. 5s, 1949,
Newark Consolidated Gas Co. 5s, 1948,
Paterson & Passaic Gas & Elec. Co. 5s, 1949,
Trenton Gas & Elec. Co. 5s, 1949,
Book Value.
$57,589 99
16,900 00
52,705 14
28,239 75
7,973 37
150 00
3.500 00
38,225 00
5,343 33
6,164 26
107,500 00
25,000 00
5,800 00
50,166 67
5,100 00
38,330 96
7,098 85
24,983 33
3,397 50
10,584 44
16,106 94
10,000 00
16,040
1,972
4,538
3,216
54,862
10,075 00
15,374 89
24,128 33
40,644 45
2,902 50
8,917 00
25,340 97
20,754 16
9,712 50
9,729 31
2,712 50
11,068 06
10,830 55
10,594 44
10,665 28
$814,939 89
00
50
75
67
50
Rate.
560
314
255
120
790
100
170
290
981
100
104
96
lllf
100
100
102+
96|
96
108i
100
102$
100
110
114+
1081
108
105$
99
100
71
111*
91£
118
100
99
100
93i
88$
104
106
102
107
Market Value.
$56,000 00
15,700 00
51,000 00
30,000 00
12,640 00
150 00
3,400 00
43,500 00
4,912 50
5,500 00
104,000 00
24,000 00
5,568 75
50,000 00
5,000 00
38,950 00
6,728 75
24,000 00
3,247 50
10,000 00
15,375 00
10,000 00
16,500 00
2,290 00
5,425 00
3,240 00
52,750 00
9,900 00
15,000 00
21,300 00
39,025 00
2,737 50
8,260 00
25,000 00
19,800 00
10,000 00
9,325 00
2,655 00
10,400 00
10,600 00
10,200 00
10,700 00
$804,780 00
THE CAPITAL FIRE INSURANCE CO.
141
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. RUFUS N. ELWELL, Secretary.
Home Office, 2 South Main Street.
Income.
Net fire premiums, $399,255 14
Interest on mortgage loans, $5,058.35; collaterals, $1,641.21;
stocks and bonds, $13,272.29; all other, $2,279.59, . . 22,251 44
Rents, 5,198 92
Profit on sale or maturity of ledger assets, .... 1,949 13
Total income, . .
Ledger assets, Dec. 31, 1905, ....
Total, .
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, $1,222.63; other taxes and fees, $10,125.26,
Adjustment and other expenses,
Advertising, printing and stationery,
Legal expenses, .....
Loss on sale or maturity of stocks and bonds,
Reduction in book value of bonds, .
Furniture, ......
Accrued interest on securities purchased,
Total disbursements,
Balance, .....
Ledger Assets.
Heal estate, $84,960.67; mortgages, $96,937.55,
Loans secured by collateral (schedule A),
Stocks, bonds, etc. (schedule B), .
Cash in banks and office,
Agents' balances, .....
Loan on personal security,
Total ledger assets, . .
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $1,522.06; bonds, $1,817.44; collateral loans,
$64.07; other assets, $594,
Rents due and accrued on company's property,
$428,654 63
579,627 04
1,008,281 67
$178,481 51
10,000 00
94,606 94
24,601 98
700 08
1,234 71
11,347 89
11,096 12
2,649 51
142 52
1,214 30
3,000 00
25 00
1,653 23
$340,753 79
$667,527 88
$181,898 22
33,200 00
348,093 99
53,324 29
50,011 38
1,000 00
$667,527 88
3,997 57
438 50
142
THE CAPITAL FIRE INSURANCE CO.
Market value of real estate over book value,
Market value of stocks and bonds over book value,
Due from Royal Insurance Company,
56,039 33
1,082 01
171 21
Gross assets, .
Loans on personal security,
Total admitted assets,
Assets not admitted.
$679,256 50
1,000 00
1678,256 50
Liabilities.
Unpaid losses, including $2,000 resisted, $45,775.44; less rein-
surance, $763 . 72,
Unearned premiums on outstanding risks, ....
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,
Total liabilities, .....
$310,436 23
>,011 72
314,503 67
8,304 88
$367,820 27
200,000 00
110,436 23
$678,256 50
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1905, . . $47,577,705 00 $552,238 00
Fire risks written during 1906, . . . 40,248,636 00 519,551 72
Total,
Risks expired and terminated,
In force at end of year, ....
Amount reinsured, ....
Net amount in force,
$87,826,341 00 $1,071,789 72
35,729,895 00 427,021 09
$52,096,446 00 $644,768 63
3,600,414 00 50,688 30
$48,496,032 00 $594,080 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 (5 per cent.),
Company's stock owned by directors,
Schedule A. Securities held as Collateral.
$4,460,358 00
2,002,941 00
195,963 00
139,614 00
10,000 00
96,400 00
10 shares National Bank, Lebanon, N. H.,
10 " Iowa Loan & Trust Co.,
100 " Page Belting Co., ....
150 " Providence Building Co., .
50 " Boylston National Bank, Boston, Mass.,
Chicago, Rock Island & Pacific R.R. 4s, 1934,
10 shares United States Steel Co. (preferred),
Illinois Central R.R. (St. Louis Div.) 3£s, 1951, .
Georgetown, Rowley & Ipswich St. Ry. 5s, 1920,
Des Moines, Iowa Falls & Northern R.R. 5s, 1931,
Company's
Market Value
$1,250 00
1,350 00
7,500 00
9,000 00
5,000 00 )
2,820 00
1,040 00
465 00
1,030 00
2,000 00
Loaned
Thereon.
$1,700 00
3,500 00
8,000 00
10,000 00
THE CAPITAL FIRE INSURANCE CO.
143
Somerset R.R.^Co. 4s, 1955, ....
Wisconsin Central R.R., (Superior & Duluth Div.) 4s,
St. Paul & Des Moines R.R. Co. 5s, .
Company's
Market Value.
$5,880 00
4,325 00
2,000 00
Loaned
Thereon.
$5,000 00
5,000 00
$43,660 00 $33,200 00
Schedule B. Stocks, Bonds, etc.,
Railroad Stocks.
45 shares Atchison, Top. & Santa Fe, preferred, .
30 " Chic. Junct. & Union Stock Yd., pref.,
60 " Concord & Montreal,
50 " Illinois Central,
10 " Manhattan Elevated,
20 " Massachusetts Electric, preferred,
140 " Pennsylvania, ....
Bank Stocks.
15 shares Mechanicks National, Concord, N. H.,
10 " National, Lebanon, N. H.,
52 " Nat. State Capital, Concord, N. H.,
Miscellaneous Stocks.
10 shares Amer. Agricultural Chem. Co., pref.,
20 " American Locomotive Co., preferred,
10 " American Tel. & Tel. Co., .
50 " American Woolen Co., preferred,
16 " Amoskeag Manufacturing Co.,
8 " Concord Axle Co.,
10 " Concord Electric Co., preferred,
10 " Concord Electric Co., common,
87 " Concord Real Estate Co., .
10 " Denver Gas & Electric Co.,
20 " Federal Sugar Ref. Co., preferred,
12 " General Electric Co.,
20 " Mackay Companies, preferred,
10 " Mackay Companies, common,
22 " Mergenthaler Linotype Co.,
30 " Missouri & Kansas Telephone Co.,
2 " Nashua Manufacturing Co.,
25 " Page Belting Co.,
25 " Prescott Piano Co., preferred,
41 " Pullman Palace Car Co., .
10 " Swift & Co., .
50 " Temple Iron Co.,
60 " United Shoe Machinery Co., pref.,
10 " United States Steel Corp.. preferred,
1 " Western Adjust. & Inspection Co.,
5 " Western Tel. & Tel. Co., preferred,
20 " Western Union Telegraph Co., .
Government Bonds.
Japan 4*s, 1925, .....
Municipal Bonds.
Concord, N. H., 3*s, 1913,
Concord, N. H., 3*s, 1915,
Concord, N. H., 3*s, 1917,
Montrose, Col., 4s, 1910, .
New York, N. Y., 3*s, 1954,
New York, N. Y., 4s. 1936,
New York, N. Y., 3*s, 1953.
Union School Dist. (Concord, N. H.) dem. note 5s,
Railroad Bonds.
Atchison, Top. & Santa F£ gen. mort. 4s, 1995,
Atchison, Top. & Santa Fe adjust. 4s, 1995,
Chicago, Cincinnati & Louisville 4*s, 1953, -
Interboro Rapid Transit Co., time note, 4s, 1908
Massachusetts Electric Co., time note, 4*s, 1910,
New York Central & Hudson River 4s, 1934,
N. Y., New Haven & Hart., time note, 5s, 1908,
Northern Pac.-Great Northern joint 4s, 1921,
Pennsylvania, time note, 4*s, 1907, .
Pere Marquette 4s, 1943, ....
OWNED BY THE COMPANY.
Book Value.
$4,537 50
3,537 50
9,033 30
7,262 50
1,396 25
1,455 00
9,205 00
2,250 00
1,200 00
12,212 50
832 50
1,970 00
1,262 50
4,297
2,715
896
1,200
1,068
63
00
00
00
50
50
00
00
93
75
00
8,700 00
1,702 50
1,836 25
1,432 50
710 00
3,890 00
3,075 00
1,162
1.250
2,500
3,069
1,023
5,025
1,913 75
997 50
140 00
498 13
1,787 50
9,162 50
1,000 00
9,000 00
1,000 00
800 00
24,625 00
40,800 00
19,582 50
6,000 00
1,957 50
2,842 50
4,900 00
4,912 50
4,850 00
2.970 00
5^00 00
7,705 00
4,975 00
1,900 00
Rate.
99
120
187f
165*
142f
67
138|
150
125
230
90
109|
133*
101
240
112
115
100
75
70
75
160
68*
70*
199
57
136
120
75
182
109|
100
112+
104|
100
80
84
90
99
99
99
98
91|
lOlf
91*
100
100
91f
90
97*
97"
97|
100
96|
100
90
Market Value.
$4,455 00
3,600 00
11,265 00
8,275 00
1,427 50
1,340 00
9,686 25
2,250 00
1,250 00
11,960 00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
900
2,185
1,335
5,050
3,840
896
1,150
1,000
6,525 00
700 00
1,500
1,920
1,370
705
4,378
1,710
1,360
1,500
1,875
7,462 00
1,097 50
5,000 00
1,687 50
1,043 75
100 00
400 00
1,680 00
9,000 00
990 00
8,910 00
990 00
784 00
22,843 75
40,750 00
19,215 00
6,000 00
00
50
00
00
00
2,000
2,752
4,500
4,875
4,850
2,928 75
5,000 00
7,750 00
5,000 00
1,800 00
144 THE CENTRAL MANUFACTURERS* MUTUAL INSURANCE CO.
St. Louis & San Francisco 4s, 1951, .
Somerset 1st mortgage 4s, 1955,
Somerset, time note, 6s, 1907, .
Southern Indiana 4s, 1951,
Wisconsin Central (S. & D. Div.) 4s, 1936,
Miscellaneous Bonds, etc.
American Tel. & Tel. Co. 4s, 1929,
American Locomotive Co., time note, 5s, 1908,
Central Loan & Debenture Co. 6s, 1891-99,
City Water Co., Merrill, Wis., 6s, 1907,
Denver Consolidated Gas & Elec. Co. 5s, 1949,
Eastman Car Co. 5s, 1909,
Elkhart Gas Co. 5s, 1924,
Federal Sugar Co., time note, 5s, 1907,
Metropolitan Steamship Co. 5s, 1930,
Nebraska Loan & Trust Co. 6s, 1899,
New Hampshire Trust Co. 4s, 1904, .
New York & Penn. Tel. & Tel. Co. 4s, 1929,
Southern N. E. Telephone Co., time note, 6s, 1907
United States Steel Corporation 5s, 1963, .
Western Union Telegraph Co. 4^s, 1950,
Winfield Water Co., Winfield, Kan., 4s, 1904,
Wood Worsted Mills, time note, 4^s, 1910, .
Book Value.
$1,775 00
960 00
5,000 00
4,625 00
4,325 00
00
25
00
00
00
1,930
8,849
1,825
5,000
7,190
5,000 00
2,970 00
5,000 00
5,100 00
150 00
1,150 00
2,745 00
5,000 00
4,756 25
7,315 00
1,500 00
4,900 00
$348,093 99
Rate.
82
97
100
92
86£
90
100
8
96
92i
100
98
100
101
70
10
90
100
96f
99i
50
94
Market Value.
$1,640 00
970 00
5,000 00
4,600 00
4,325 00
1,800700
9,000; 00
146^00
4,800 00
7,380 00
5,000 00
2,940 00
5,000 00
5,050 00
105 00
900 00
2,700 00
5,000 00
4,837 50
6,965 00
1,500 00
4,700 00
$349,176 00
THE CENTRAL MANUFACTURERS ' MUTUAL INSURANCE COMPANY,
VAN WERT, OHIO.
Incorporated April 7, 1876. Commenced business Oct. 2, 1876.
H. V. OLNEY, President. F. W. PURMORT, Secretary.
Office, 122 West Main Street.
Income.
Net premiums,
Interest on mortgage loans,
other, $862.56, .
Rents, . .
Total income,
Ledger assets, Dec. 31, 1905,
Total, .
r,435.54; bonds, $1,263.94; all
Disbursements.
Net amount paid for losses, ....
Profits on terminated policies,
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees,
Rents, .......
Real estate taxes, $409.19; other taxes and fees,
Inspections, ......
Premium on bond purchased,
Postage and telegraph, .....
Adjusting, . . . .
Stationery and supplies, ....
All other disbursements, ....
Total disbursements, ....
Balance, ......
t,922.63,
$343,998 95
9,562 04
552 66
$354,113 65
246,673 35
$600,787 00
$159,893 43
59,683 33
27,072 93
17,355 79
187 50
5,331 82
14,040 25
3,913 00
1,419 11
1,246 42
1,492 09
9,697 92
$301,333 59
$299,453 41
THE CENTRAL MANUFACTURERS' MUTUAL INSURANCE CO. 145
Ledger Assets.
Real estate, $42,000; mortgages, $118,680, .
Bonds (schedule A),
Cash in banks and office, .......
Agents' balances, .........
Total ledger assets, ........
Non-Ledger Assets.
Interest accrued : —
On mortgages, $2,451 . 12 ; bonds, $376 .11,
Market value of bonds over book value, .....
Gross assets, . ...
Liabilities.
Unpaid losses, including $532 resisted, .....
Unearned premiums on outstanding risks, ....
All liabilities, except surplus, ......
Surplus, ..........
Total liabilities, ........
Risks and Premiums.
Amount. Cash Prem's.
Risks outs'nd'g Dec. 31, 1905, $15,143,228 00 $279,371 05
Risks written during 1906, . 23,090,052 00 397,383 43
$160,680 00
91,880 00
11,729 85
35,163 56
$299,453 41
$2,827 23
5,981 71
$308,262 35
$16,506 69
166,782 12
$183,288 81
124,973 54
$308,262 35
Conting't Prem's.
$1,022,115 77
1,396,207 90
Total, .... $38,233,280 00
Risks expired and terminated, 19,319,269 00
$676,754 48 $2,418,323 67
345,782 32 1,261,638 46
In force at end of year,
$18,914,011 00 $330,972 16 $1,156,685 21
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1906, 25 per cent.
Schedule A. Bonds owned by the Company.
Government Bonds. Book Value. Rate.
United States 2s, 1930, $50,000 00 104^
United States reg. 3s, 1918, .... 400 00 lOlf
United States coupon 3s, 1918, . ... . 1,400 00 102^
Municipal Bonds.
Barnesville, O., 5s, 1918, 1,000 00 109f
Barnesville, O., 5s, 1919, 1,000 00 HOf
Barnesville, O., 5s, 1920, 1,000 00 llli
Barnesville, O., 5s, 1935, 2,000 00 116f
Barnesville, O., 5s, 1937, 1,000 00 117f
Barnesville, O., 5s, 1938, 1,000 00 117f
Barnesville, O., 5s, 1939, . . . 1,000 00 118
Barnesville, O., 5s, 1940, 1,000 00 118i
Barnesville, O., 5s, 1941, 1,000 00 118^
Barnesville, O., 5s, 1942, 1,000 00 118|
Barnesville, O., 5s, 1943, 1,000 00 119
Barnesville, O., 5s, 1944, 500 00 119^
Harrison Township, O., 4s, 1920, . . . 3,000 00 100
Harrison Township, O., 4s, 1921, . . . 2,000 00 100
Harrison Township, O., 4s, 1911, . . . 1,000 00 100
$169,136 00
Market Value.
$52,250 00
407 00
1,435 00
1,097 50
1,106 25
1,111 25
2,335 00
1,173 75
1,176 25
1,180 00
1,182 50
1,185 00
1,187 50
1,190 00
596 25
3,000 00
2,000 00
1,000 00
146
CITIZENS INSURANCE CO.
Ohio City, Ov 5s, 1907, .
Pleasant Township, O., 6s, 1906,
Van Wert, O., 5s, 1907,
Van Wert, O., 5s, 1908,
Van Wert, O., 5s, 1909,
Wellsville, O., 4£s, 1925,
Wellsville, O., 4£s, 1926,
Wellsville, O., 4£s, 1927,
Wellsville, O., 4£s, 1928,
Wellsville, O., 4£s, 1929,
Wellsville, O., 4£s, 1929,
Wellsville, O., 4£s, 1930,
Wellsville, O., 4£s, 1931,
Book Value.
Rate.
Market Value.
$600
00
100
$600 00
2,100
00
100
2,100 00
1,080
00
100
1,080 00
650
00
100i
653 25
650
00
101f
658 94
2,500
00
109
2,725 00
1,500
00
109|
1,640 63
2,500
00
109f
2,743 75
2,500
00
110
2,750 00
1,000
00
not
1,103 75
1,500
00
110|
1,655 63
2,500
00
not
2,765 63
2,500
00
110|
2,771 88
$91,880
00
$97,861 71
CITIZENS' INSURANCE COMPANY OF MISSOURI, ST. LOUIS, MO.
Incorporated February, 1837. Commenced business February, 1837.
Paid-up Capital, $200,000.
SOL. E. WAGGONER, President. JOHN H. CARR, Secretary.
Home Office, Century Building.
Income.
Net fire premiums, $467,459.43; marine, $73.76,
Interest on mortgage loans, $11,937.99; bonds, $13,780; all
other, $2,516.44, ....
From stockholders for credit of surplus, .
Total income, ....
Ledger assets, Dec. 31, 1905, .
Total,
Disbursements
Net amount paid for fire losses,
Commissions or brokerage, .
Salaries, fees, etc., of officers and employees,
Rents, ......
Real estates taxes, $1 .90; other taxes and fees
Loss expense, .....
Advertising, printing and stationery,
Legal expenses, .....
Postage, express, telegrams and telephone,
Traveling expenses,
All other disbursements,
Total disbursements,
Balance,
Ledger Assets
Real estate, $400; mortgages, $217,900, .
Bonds (schedule A), . . .
Cash in banks and office,
Agents' balances, ...
$17,267.39,
$467,533 19
28,234 43
35,000 00
$530,767 62
803,767 06
1,334,534 68
$458,794 94
81,955 98
39,177 36
2,249 57
17,269 29
4,043 90
2,694 60
248 90
4,294 05
12,094 49
15,615 82
$638,438 90
$696,095 78
$218,300 00
302,521 25
76,767 98
98,506 55
Total ledger assets,
$696,095 78
CITIZENS INSURANCE CO.
147
Non-Ledger Assets.
Interest accrued : —
On mortgages, $2,787; bonds, $3,485,
Gross assets, .........
Assets not admitted.
Book value of bonds over market value, .....
Total admitted assets, .......
Liabilities.
Unpaid losses, including $13,319.27 resisted, $179,985.82; less
reinsurance, $137,037.35, .......
Unearned premiums on outstanding risks, $355,509 . 54 ; plus same
on disallowed reinsurance, $1,181 .39, . . . . .
i,272 00
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$300,107 13
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Marine risks written during 1906,
Risks expired and terminated,
$190,451,789 00
157,248,343 00
$702,367 78
2,621 25
$699,746 53
$42,948 47
356,690 93
$399,639 40
200,000 00
100,107 13
$699,746 53
Premiums.
$2,570,171 41
2,208,357 55
$347,700,132 00 $4,778,528 96
154,664,753 00 2,157,211 57
$193,035,379 00 $2,621,317 39
142,094,216 00 1,939,936 39
$50,941,163 00 $681,381 00
$52,168 00
$52,168 00
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
Railroad Bonds.
Atlantic Coast Line 4s, 1952,
Brooklyn Union Elevated 4s and 5s, 1950,
Chesapeake & Ohio 5s, 1939,
Elgin, Joliet & Eastern 5s; 1941,
International & Great Northern 6s, 1919,
Iowa Central 5s, 1938,
Mo. Pacific 6s, 1920,
Southern Pacific 4s, 1955,
by the Company.
Rate.
96
104i
116
115
115
112
119^
94f
Book Value.
$24,000 00
50,500 00
47,500 00
28,500 00
57,765 00
28,656 25
17,475 00
48,125 00
$302,521 25
$245 87
$245 87
>,525,758 00
469,600 00
985,798 00
165,000 00
199,800 00
Market Value.
$24,000 00
52,250 00
46,400 00
28,750 00
55,200 00
28,000 00
17,925 00
47,375 00
$299,900 00
148
CITY OF NEW YORK INSURANCE CO.
CITY OF NEW YORK INSURANCE COMPANY, NEW YORK, N. Y.
Incorporated April, 1905. Commenced business April 12, 1905.
Paid-up Capital, $200,000.
MAJOR A. WHITE, President. J. CARROLL FRENCH, Secretary.
Home Office, 1+2 Cedar Street.
Income.
Net fire premiums,
Interest on stocks and bonds, $19,541.67; all other, $722.81,
Profit on sale or maturity of stocks and bonds,
Total,
Ledger assets, Dec. 31, 1905, ......
Total,
Disbursements.
Net amount paid for fire losses,
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees,
Rents, .......
Taxes and fees, ......
Legal expenses, ......
Advertising, printing, stationery and subscriptions,
Agency expenses, ......
Furniture and fixtures, . ■. . .
Maps and surveys, .....
Postage, express, etc., .....
Traveling expenses, .....
Local board, ......
All other disbursements, ....
Total disbursements, ....
Balance, ......
Ledger Assets.
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Total ledger assets,
Non-Ledger Assets.
Interest accrued on bonds, ....
Gross assets, ......
Assets not admitted.
Book value of stocks and bonds over market value,
Total admitted assets, . . . .
$317,835 47
20,264 48
8,678 35
$346,778 30
606,297 75
$953,076 05
905 62
69,271 35
29,173 71
1,756 30
4,985 48
268 70
3,973 05
23 75
869 44
6,317 92
1,758 53
556 05
4,938 43
8,945 12
$219,743 45
$733,332 60
$643,725 13
29,418 88
60,188 59
$733,332 60
3,000 00
$736,332 60
40,237 63
$696,094 97
CITY OF NEW YORK INSURANCE CO.
149
Liabilities.
Unpaid losses, $24,889; less reinsurance, $5,056,
Unearned premiums on outstanding risks,
Due for reinsurance, .....
All liabilities, except capital and surplus, .
Surplus to policy holders,
Paid-up capital, ......
Surplus over capital and general liabilities,
$451,698 04
$19,833 00
206,841 68
17,722 25
$244,396 93
200,000 00
251,698 04
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, . . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$20,502,618
56,317,896
$49,007,233
13,479,351
,094 97
Premiums.
00 $190,745 41
00 499,960 19
$76,820,514
27,813,281
00 $690,705 60
00 250,252 19
00 $440,453 41
00 100,541 26
$35,527,882 00 $339,912 15
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,
$479,502 00
102,456 00
96,935 00
48,800 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
400 shares Baltimore & Ohio,
100
200
100
100
200
100
400
100
400
100
Delaware & Hudson,
Erie, 1st preferred, .
Great Northern, preferred,
Gt. Northern Iron Ore temp, cert
Louisville & Nashville,
Manhattan,
New York Central & Hudson R
Northern Pacific,
Southern Pacific,
Union Pacific, .
Miscellaneous Stocks.
200 shares Brooklyn Union Gas Company,
250 " Consolidated Gas Company,
300 " Mackay Companies, preferred,
State and Municipal Bonds.
New York 3s, 1912, . ' .
New York, N. Y., 3^s, 1955,. .
Book Value.
$45,002 88
18,412 50
16,312 50
28,975 00
29,075 00
16,662 50
52,003 50
20,537 50
36.600 00
14,387 50
39,225 00
46,331 25
22,575 00
206,500 00
51,125 00
$643,725 13
Rate.
119^
222
75
181
79
143i
142|
131
185J
92f
180|
114
138
100
91f
Market Value.
$47,800 00
22,200 00
15,000 00
18,100 00
7,900 00
28,625 00
14,275 00
52,400 00
18,525 00
37,100 00
18,025 00
22,800 00
34,500 00
20,550 00
200,000 00
45,687 50
$603,487 50
150 THE COLONIAL ASSURANCE CO.
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, Jj.5 Cedar Street.
Income.
Net fire premiums, $655,060 40
Interest on bonds, 23,382 48
Total income, $678,442 88
Ledger assets, Dec. 31, 1905, . . . .... 682,166 68
Total, . $1,360,609 56
Disbursements.
Net amount paid for fire losses, ...... $311,392 04
Interest and dividends to stockholders, . . . . . ' 12,000 00
Commissions or brokerage, ....... 222,703 79
Salaries, fees, etc., of officers and employees, .... 3,355 00
Taxes and fees, . . . 21,777 50
Reduction in book value of securities, ..... 17,375 00
Total disbursements, $588,603 33
Balance, $772,006 23
Ledger Assets.
Bonds (schedule A), $619,625 00
Cash in bank and offices, ....... 15,459 98
Agents' balances, ......... 136,921 25
Total ledger assets, $772,006 23
Non-Ledger Assets.
Interest accrued on bonds, ....... 2,812 50
Gross assets, $774,818 73
Assets not admitted.
Agents' balances over three months due, . . . $1,412 78
Book value of bonds over market value, . . . 7,031 25
Total unadmitted assets, . . . 8,444 03
Total admitted assets, $766,374 70
Liabilities.
Unpaid losses, $68,799; less reinsurance, $3,235.02, . . . $65,563 98
Unearned premiums on outstanding risks, $400,511.98; plus
same on disallowed reinsurance, $6,552.51, .... 407,064 49
Due for return premiums, $29,738.08; reinsurance, $17,435.95, . 47,174 03
All liabilities, except capital and surplus, .... $519,802 50
COLUMBIA INSURANCE CO.
151
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$246,572 20
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
,712,445 00
63,890,379 00
$200,000 00
46,572 20
$766,374 70
Premiums.
$595,748 51
879,167 36
$106,602,824 00 $1,474,915 87
49,244,418 00 687,705 47
$57,358,406 00
3,818,099 00
$787,210 40
56,526 98
$53,540,307 00 $730,683 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 (6 per cent.),
Company's stock owned by directors,
Schedule A. Bonds owned
Government Bonds.
United States (Philippine Is.) 4s, 1934,
United States (Philippine Is.) 4s, 1935,
Municipal Bonds.
Brooklyn, N. Y., 3^s, 1937,
New York, N. Y., 3£s, 1915,
New York, N. Y., 2^s, 1929,
New York, N. Y., 3|s, 1954,
New York, N. Y., 4s, 1956,
$4,104,701 00
2,698,283 00
336,175 00
66,000 00
12,000 00
96,450 00
by the Company
Book Value. Rate.
$138,750 00 109
109,000 00 109
23,375 00
98,000 00
80,000 00
94,000 00
76,500 00
93
96f
79Jr
91f
1021
$619,625 00
Market Value.
$136,250 00
109,000 00
23,250 00
96,625 00
79,500 00
91,375 00
76,593 75
$612,593 75
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. A. HADLEY, Secretary.
Home Office, 15 Exchange Place.
Income.
Net marine premiums, ........ $209,941 60
Interest on stocks and bonds, $18,590; all other, $859.94, . 19,449 94
Assessment on capital stock, ....... 50,000 00
Total income, .....
Ledger assets, Dec. 31, 1905, ....
Total,
Disbursements.
Net amount paid for marine losses,
Commissions or brokerage, ,
$279,391 54
558,214 48
$837,606 02
,817 73
111,636 75
152
COLUMBIA INSURANCE CO.
Salaries, fees, etc., of officers and employees,
Rents, ......
Taxes and fees, .....
Advertising and stationery,
Furniture,
Postage, express and telegrams,
Traveling expenses, ....
Underwriters' boards, ....
All other disbursements,
Total disbursements,
Balance, .....
Bonds (schedule A),
Cash in banks,
Agents' balances, .
Total ledger assets,
Ledger Assets.
Non-Ledger Assets.
Interest accrued on bonds,
Gross assets, . . . .
Assets not admitted.
Agents' balances over three months due,
Book value of bonds over market value, .
Total unadmitted assets,
Total admitted assets, ....
Liabilities.
Unpaid losses, including $1,594.89 resisted, $45,609.08; less
reinsurance, $10,668.18,
Unearned premiums on outstanding risks,
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
Total liabilities,
Marine risks outstanding Dec. 31, 1905,
Marine risks written during 1906, .
.
$9,050 50
741 15
3,011 99
1,142 26
246 68
150 01
278 10
151 19
4,700 79
.
$213,927 15
.
$623,678 87
$554,095 75
53,531 12
16,052 00
$623,678 87
5,058 31
$90 78
42,211 37
$628,737 18
42,302 15
09.08; less
$586,435 03
$34,940 90
102,667 45
$448,826 68
$137,608 35
400,000 00
48,826 68
.
$586,435 03
Risks and Premiums.
Premiums.
$21,145,545 00 $212,867 06
55,628,550 00 608,851 28
Total, .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$76,774,095 00 $821,718 34
56,463,755 00 347,686 11
$20,310,340 00 $474,032 23
15,954,194 00 268,697 34
[,356,146 00 $205,334 89
COMMERCE INSURANCE CO.
153
Miscellaneous.
Premiums received from organization of company, .
Losses paid from organization of company,
Inland marine losses incurred during the year, .
Company's stock owned by directors,
Schedule A. Bonds owned by the Company
Municipal Bonds. Book Value.
Binghamton, N. Y., 3£s, 1937, . . . . $53,812 50
Buffalo, N. Y., 3£s, 1917-22, .... 62,925 00
Jersey City, N. J., 5s, 1916, .... 116,375 00
New York, N. Y., 3£s, 1940, . . . . 6,442 50
New York, N. Y., 3fs, 1940, .... 2,14750
New York, N. Y., 3£s, 1942, . . . . 112,598 75
New York, N. Y., 3£s, 1920, . . . . 53,250 00
New York, N. Y., 3*s, 1920, .... 13,171 88
Railroad Bonds.
Central of New Jersey 5s, 1987, . . . 1,250 00
Chicago & Northwestern 3£s, 1987, . . . 13,790 00
Lehigh Valley 4£s, 1940, 10,750 00
National of Mexico 4^s, 1926, . . . . 12,000 00
New York Central 3$s, 1997, .... 9,600 00
Northern Pacific 4s, 1997, .... 25.500 00
No. Pac. & Gt. North. (C, B. & Q. coll.) 4s, 1921, . 18,100 00
Oregon Short Line 4s, 1929, .... 23,907 62
St. Louis, Iron Mountain & Southern 4s, 1933, . 18,475 00
$554,095 75
Rate.
96f
98
107
92f
92$
92|
96
96
126
96i
1084
103
93£
102
961
93i
92
,201,552 00
595,984 00
94,538 00
700 00
Market Value.
$48,187 50
58,800 00
107,000 00
5,557 50
1,852 50
96,531 88
48,000 00
12,000 00
1,260 00
13,510 00
10,850 00
12,360 00
9,325 00
25,500 00
19,375 00
23,375 00
18,400 00
$511,884 38
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, • . $252,470 71
Interest on mortgage loans, $1,873 . 60 ; collaterals, $41 . 43 ; stocks
and bonds, $12,558.95; all other, $806.73, .... 15,28071
Rents, including company's own occupancy, .... 9,473 71
Profit on sale or maturity of ledger assets, .... 11,700 26
Total income, ....
Ledger assets, Dec. 31, 1905, .
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, $2,006; other taxes and fees,
Premiums on stocks and bonds purchased,
Agents' balances charged off, .
Advertising, printing and stationery,
$10,400.45
$288,925 39
491,804 34
$780,729 73
$90,740 88
16,000 00
60,855 70
15,366 78
1,600 00
3,421 37
12,406 45
18,476 16
72 60
3,555 43
154
COMMERCE INSURANCE CO.
Maps, ........
Postage and express, .....
Traveling expenses,
Total disbursements, ....
Balance, ......
Ledger Assets.
Real estate, $75,000; mortgages, $23,100,
Stocks and bonds (schedule A),
Cash in banks and office, ....
Agents' balances, ......
Total ledger assets, . . . - .
Non-Ledger Assets.
Interest accrued : —
On bonds, $2,580 . 21 ; other assets, $783 .73,
Rents accrued on company's property,
Market value of stocks and bonds over book value,
Gross assets, ......
Liabilities.
Unpaid losses, including $1,300 resisted, .
Unearned premiums on outstanding risks,
Due for reinsurance, .....
All liabilities, except capital and surplus, .
Surplus to policy holders, ....
Paid-up capital, . . .
Surplus over capital and general liabilities,
$372,955 02
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, . . . . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
,592,107 00
26,787,125 00
$55,379,232 00
21,533,552 00
$33,845,680 00
1,734,059 00
^1,527 54
1,744 35
2,090 16
$227,857 42
$552,872 31
;,ioo 00
378,600 00
45,319 87
30,852 44
$552,872 31
3,363 94
786 66
15,637 97
$572,660 88
$16,270 00
182,993 88
441 98
$199,705 86
200,000 00
172,955 02
$572,660 88
Premiums.
$307,303 86
302,825 84
$610,129 70
251,581 76
$358,547 94
17,484 49
$32,111,621 00 $341,063 45
Miscellaneous.
Premiums received from organization of company, .
Losses paid from organization of company,
Fire losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.),
Company's stock owned by directors,
^7,026,327 00
4,279,658 00
94,200 00
1,016,000 00
16,000 00
80,900 00
THE COMMERCIAL UNION FIRE INSURANCE CO.
155
Schedule A. Stocks and Bonds
Railroad Stocks.
100 shares Rome, Watertown & Ogdensburg,
Bank Stocks.
100 shares First National, Albany, N. Y., .
50 " National Bank, Cohoes, N. Y., .
50 " Nat'l Commercial, Albany, N. Y.,
Miscellaneous Stocks.
3 shares General Adjustment Bureau,
5 " Underwriters Salvage Co., N. Y.,
5 " Underwriters Salvage Co., Chicago,
1 " Western Adjust. & Inspection Co.,
500 " Western Union Telegraph Co., .
Counh/ and Municipal Bonds.
Albany, N. Y., 3fo 1907-08,
Albany, N. Y., 3|s, 1907-24,
Albany, N. Y.. 3|s, 1913, .
Albany, N. Y., 3*s, 1913-14,
Albany, N. Y., 3*s, 1907-10,
Albany, N. Y., 4s, 1909, .
Albany, N. Y., 4s, 1907-08,
Albany Co., N. Y., 3£s, 1911-22,
Brooklyn, N. Y., 3*s, 1936,
New York, N. Y., 3-|s, 1915,
New York, N. Y.. 3£s, 1928,
New York, N. Y., 3£s, 1930,
New York, N. Y., 3$s, 1953,
New York, N. Y., 3£s, 1954,
New York, N. Y., 3|s, 1918,
New York, N. Y., 3£s, 1915,
New York, N. Y., 4s, 1955,
Railroad Bonds.
Central Pacific 4s, 1954, .
United Traction, Albany, N. Y., 4£s, 1919,
OWNED BY THE COMPANY.
Book Value. Rate. Market Value.
$10,000 00 127* $12,750 00
10,000 00
5,000 00
5,000 00
150 00
500 00
500 00
100 00
45,000 00
13,000 00
9,000 00
19,725 00
11,500 00
12,300 00
31,975 00
16,800 00
10,000 00
10,000 00
4,250 00
50,000 00
10,000 00
30,000 00
20,000 00
10,000 00
10,000 00
10,000f00
9,800 00
14,000 00
$378,600 00
160
194
400
100
100
100
100
84
99£
98^
98f
98f
99
100
100
100
93|
96f
94|
94
91*
91f
96*
96f
102|
95i
102
16,000 00
9,700 00
20,000 00
150 00
500 00
500 00
100 00
42,000 00
12,935 00
8,831 25
19,453 78
11,341 88
12,177 00
31,975 00
16,800 00
10,000 00
9,312 50
4,106 56
47,125 00
9,400 00
27,450 00
18,275 00
9,650 00
9,662 50
10,212 50
9,550 00
14,280 00
$394,237 97
THE COMMERCIAL UNION FIRE INSURANCE COMPANY OF NEW
YORK, 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.
,082.40; all other, $23.37,
Net fire premiums,
Interest on stocks and bonds,
Profit on sale of stock, .
Total income,
Ledger assets, Dec. 31, 1905,
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, .....
,055 23
18,105 77
1,686 50
$307,847 50
553,912 24
,759 74
$186,838 33
14,000 00
65,195 40
3,867 33
6,257 56
156
THE COMMERCIAL UNION FIRE INSURANCE CO.
National and local boards,
Advertising, printing, stationery and exchange,
Postage, express and telegrams,
Reduction in book value of securities,
All other disbursements, .
Total disbursements, .
Balance, ......
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Due from other companies,
Ledger Assets.
Non-Ledger Assets.
Total ledger assets,
Interest accrued on bonds,
Gross assets, .
Assets not admitted.
Agents' balances over three months due,
Book value of stocks and bonds over market value,
Total unadmitted assets,
Total admitted assets, ....
53,144 66
1,434 03
Liabilities.
Unpaid losses, including $1,450 resisted, $70,030; less reinsur-
ance, $6,786, .........
Unearned premiums on outstanding risks, ....
Commissions and other charges due agents and brokers,
Due for return premiums, $330.61; reinsurance, $9,021.72,
Reserve for contingencies, .......
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
Total liabilities, ....
$274,302 04
$3,458 18
920 81
913 40
2,476 25
1,149 57
$285,076 83
$576,682 91
$485,739 28
15,544 79
75,291 10
107 74
$576,682 91
2,487 50
$579,170 41
4,578 69
$574,591 72
5,244 00
210,434 12
7,259 23
9,352 33
10,000 00
$300,289 68
200,000 00
74,302 04
$574,591 72
Risks and Premiums.
Premiums .
Fire risks outstanding Dec. 31, 1905, . . $36,424,714 00 , $424,835 24
Fire risks written during 1906, . . . 39,549,771 00 465,439 22
Total, . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$75,974,485 00 $890,274 46
32,959,535 00 380,154 27
$43,014,950 00 $510,120 19
9,851,829 00 115,998 91
,163,121 00 $394,121 28
THE COMMONWEALTH INSURANCE CO.
157
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,
$1,833,300 00
989,435 00
223,732 00
113,000 00
14,000 00
6,500 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
25 shares C, M. & St. P., common (10% pd.),
50 " C, M. & St. P., preferred (10% pd.),
100 " C, Mil. & St. Paul, preferred, .
100 rights Chicago, Milwaukee & St. Paul, .
100 rights Manhattan Elevated,
127 " Second Avenue, N. Y.,
100 " Southern, preferred,
300 " Union Pacific, preferred, .
Government Bonds.
Japan 6s, 1911, .....
United States 4s, 1925, ....
Municipal Bonds.
New York, N. Y., 3s, 1909,
New York, N. Y., 3^s, 1915,
New York, N. Y., 4fs, 1908,
Railroad Bonds.
Atch.-, Top. & Santa Fe general mortg. 4s, 1995,
Missouri Pacific 5s, 1920, .
St. Lo. Southwestern 1st mortgage 4s, 1989, .
St. Louis & San Francisco 4^s, 1908, .
Southern 5s, 1994,
Miscellaneous Bonds.
Michigan Lake Superior Power Co. 5s, 1949,
Western Union Telegraph Co. 4^s, 1950,
Book Value.
$250 00
500 00
14,426 00
12,862 50
26,340 00
9,312 50
28,987 50
9,537 50
22,915 25
200.960 00
13,571 00
20,162 00
10,081 25
20,801 00
38,497 78
14,746 25
8,520 00
7,250 00
26,018 75
$485,739 28
Rate.
100
100
162f
331
142f
197
94
94
95^
129f
98
96f
100
100
1041
95*
99*.
113f
50
99^
Market Value.
$250 00
500 00
16,275 00
3,350 00
14,275 00
25,019 00
9,400 00
28,200 00
9,550 00
25,925 00
196,000 00
12,561 25
20,000 00
10,000 00
20,900 00
38,200 00
14,925 00
9,100 00
5,000 00
24,875 00
$484,305 25
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, . . . . . . . .
Interest on mortgage loans, $10,982.43; stocks and bonds,
$50,434.43,
Profit on sale of ledger assets, ......
Increase in book value of securities, .....
$400,792 41
61,416 86
42,387 00
50,640 32
Total income, .....
Ledger assets, Dec. 31, 1905, . .
Total,
Disbursements.
Net amount paid for fire losses,
Interest and dividends to stockholders, .
$555,236 59
1,438,611 64
51,993,848 23
$167,975 48
50,000 00
158
THE COMMONWEALTH INSURANCE CO.
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents, ......
Taxes and fees, .....
Loss on sale or maturity of ledger assets,
Reduction in book value of securities,
Cash paid for redemption of scrip, .
Interest paid to scrip holders, .
All other disbursements,
Total disbursements, . . . .
Balance, . . . . . .
Ledger Assets.
Mortgages, . . . . ...
Stocks and bonds (schedule A),
Cash in banks and office, ......
Agents' balances, ........
Total ledger assets,
Non-Ledger Assets.
Interest accrued on mortgages, . . .
Market value of stocks and bonds over book value, .
Gross assets, ........
Liabilities.
Unpaid losses, including $411.21 resisted, $53,994.91; less rein-
surance, $1,002.08, . .
Unearned premiums on outstanding risks, .
Salaries and other miscellaneous expenses, due or accrued,
Investment reserve carried by the company, .
Contingency reserve carried by the company, .
Special reserve carried by the company, . . . . .
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
,066,797 25
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, . . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$47,460,846 00
49,561,916 00
$97,022,762 00
45,488,634 00
$51,534,128 00
622,511 00
,569 67
36,272 56
4,317 00
13,937 69
10 00
42,377 00
337 00
127 60
13,820 15
$394,744 15
$1,599,104 08
$397,500 00
1,116,806 25
46,466 22
38,331 61
$1,599,104 08
5,854 65
2,510 75
$1,607,469 48
$52,992 83
276,995 09
3,500 00
50,640 32
99,958 64
56,585 35
$540,672 23
500,000 00
566,797 25
1,607,469 48
Premiums.
,279 57
482,039 42
,318 99
436,257 38
$529,061 61
3,667 15
,911,617 00 $525,394 46
THE CONCORDIA FIRE INSURANCE CO.
159
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,
54,739,853 00
2,456,483 00
197,478 00
521,000 00
50,000 00
283,500 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
1,000 shares Brooklyn City,
100 " Chicago, Mil. & St. P., preferred,
300 " Chicago & Northwestern, common,
200 " Chicago & Northwestern, preferred,
100 " Chicago, St. P., Minn. & Om., pref.,
500 " Hocking Valley, preferred,
50 " Kan. City, St. Lo. & Chic, preferred
300 " Manhattan, . . . .
200 " New York Central & Hudson R.,
220 " New York, New Haven & Hart.,
100 " Rome, Watertown & Ogdensburg,
Bank Stocks.
13 shares Bank of America. N. Y.,
17 " Bank of The Manhattan Co., N. Y.,
105 " Corn Exchange, N. Y., .
50 " German American, N. Y.,
50 " Merchants National, N. Y.,
32 " National Bank of Commerce, N. Y.,
25 " National Park, N. Y., .
50 " N. Y. Produce Exchange, N. Y.,
25 " N. Y. Security & Trust Co., N. Y..
Miscellaneous Stocks.
175 shares American Surety Co.,
120 " Am. Sugar Refining Co., preferred,
200 " American Telegraph & Cable Co.,
500 " American Telephone & Tel. Co.,
500 " Consolidated Gas Co., N. Y., .
100 " The Pullman Co., .
Government Bonds.
United States coupon 3s, 1918, .
Municipal Bonds.
New York, N. Y., 5s, 1907, .
New York, N. Y., 3£s, 1954, .
New York, N. Y., 3£s, 1920, .
New York, N. Y., 3hs, 1916, .
Railroad Bonds.
Missouri, Kansas & Texas 1st mortgage 4s; 1990, .
Miscellaneous Bonds.
Brooklyn Union Gas Co. 6s, 1909,
Book Value.
$22,000 00
16,300 00
58,950 00
44,000 00
17,500 00
45,750 00
7,250 00
42,600 00
26,150 00
41,250 00
12,650 00
6,825 00
2,550 00
32,287 50
5,625 00
4,000 00
5,760 00
11,125 00
8,500 00
18,500 00
16,625 00
15,480 00
17,000 00
67,500 00
68,875 00
18,000 00
2,063 75
250,000 00
158,950 00
38,400 00
29,100 00
2,940 00
2,300 00
$1,116,806 25
Rate.
225
162f
198*
230
181
93£
150
142f
131
190i
127^
525
300
308
150
160
181
445
170
725
190
130
90
133|
138
182
102|
100
91|
96
96*
97i
110
Market Value.
$22,500 00
16,275 00
59,475 00
46,000 00
18,100 00
46,750 00
7,500 00
42,825 00
26,200 00
41,910 00
12,750 00
6,825 00'
2,550 00
32,340 00
5,625 00
4,000 00
5,792 00
11,125 00
8,500 00
18,125 00
16,625 00
15,600 00
18,000 00
66,750 00
69,000 00
18,200 00
2,050 00
250,000 00
155,337 50
38,400 00
29,062 50
2,925 00
2,200 00
1,119,317 00
THE CONCORDIA FIRE INSURANCE COMPANY OF MILWAUKEE,
MILWAUKEE, WIS.
Incorporated March 7, 1870. Commenced business March 22, 1870.
Paid-up Capital, $300,000.
GEO. BRUMDER, President. FRANK DAMKOEHLER, Secretary.
Home Office, 207 Germania Building.
Income.
Net fire premiums, $842,231 04
Interest on mortgage loans, $28,719.85; bonds, $14,294.13, . 43,013 98
160
THE CONCORDIA FIRE INSURANCE CO.
Rents, .........
Premium on increase in capital, . .
From all other sources, .......
Total income, .......
Ledger assets, Dec. 31, 1905, plus $100,000 increase of capital,
Total, ......
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, $206 . 37 ; other taxes and fees, $30,464 . 85,
Uncollected premiums charged off, .
Loss on maturity of bonds, ....
Interest on loans, . . . . .
Adjustment expenses, .
Postage, printing, stationery and supplies,
Legal expenses, .
Furniture and fixtures, .....
Maps and corrections, .....
Traveling expenses, .....
All other disbursements, ....
Total disbursements, . . .
Balance, . . .
Ledger Assets.
Real estate, $7,176.63; mortgages, $621,699.32,
Bonds (schedule A),
Cash in banks and office, ....
Deposit in savings bank, ....
Agents' balances, ......
Total ledger assets,
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $5,477.69; bonds, $9,169.43, .
Due from other companies, ....
Gross assets,
$472 50
50,000 00
. 10 00
$935,727 52
1,241,827 35
$2,177,554 87
$555,269 06
8,000 00
252,268 32
41,491 50
3,112 50
149 46
30,671 22
1,365 44
161 48
623 61
6,320 63
14,340 74
1,286 40
1,262 50
1,146 33
6,439 62
17,735 29
$941,644 10
$1,235,910 77
$628,875 95
387,223 63
17,560 00
22,076 85
180,174 34
1,235,910 77
$14,647 12
11,900 21
,262,458 10
Assets not admitted.
Agents' balances over three months due,
Special deposits less $5,264.40 liability thereon,
Book value of real estate over market value,
Due from unauthorized companies,
Book value of bonds over market value, .
Total unadmitted assets,
Total admitted assets, ....
$966 20
44,735 60
176 63
1,445 83
13,667 65
60,991 91
,201,466 19
THE CONCORDIA FIRE INSURANCE CO.
161
Liabilities.
Unpaid losses, including $1,100 resisted, $80,222.97; less rein-
surance, $20,277.19,
Unearned premiums on outstanding risks, $722,879.65; plus
same on disallowed reinsurance, $13,037.31,
Salaries, due or accrued, .......
Due for reinsurance premiums, ......
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$392,341 77
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$138,578,476 00
94,015,288 00
$59,945 78
735,916 96
508 34
12,753 34
,124 42
300,000 00
92,341 77
,201,466 19
Premiums.
$1,604,133 96
1,256,065 66
$232,593,764 00 $2,860,199 62
85,244,002 00 1,116,227 94
$147,349,762 00 $1,743,971 68
25,449,301 00 357,506 08
$121,900,461 00 $1,386,465 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,
Dividends declared during the year,
Company's stock owned by directors,
Schedule A. Bonds owned by the Company
State, County and Municipal Bonds. Book Value. Rate.
Cincinnati, O., 5s, 1910, $44,000 00 103f
Fond du Lac, Wis., 4£s, 1917, op. 1907, . . 31,125 00 100
Lawrence Co., 111., 6s, 1908-12,. . . . 13,65125 105
Mauston, Wis., 5s, 1914, 2,729 60 104
Mauston, Wis., 5s, 1916, 5,902 58 104
Mauston, Wis., 5s, 1917, 2,731 80 104
McG. Cr. Levee & Dr., B. & P. Cos., 111., 6s, 1915, . 1 in7/lo nnf 106
McG. Cr. Levee & Dr., B. & P. Cos., 111., 6s, 1916, . / 1U' /4y UU \ 106f
McG. Cr. Levee & Dr., B. & P. Cos., 111., 6s, 1921, . 1 _ .„- _n f 109*
McG. Cr. Levee & Dr.. B. & P. Cos., 111., 6s, 1922, . / 6'5J/ 5U \ 110
Milwaukee, Wis., 5s, 1910, . . . .1 • f 102|
Milwaukee, Wis., 5s, 1911, .... 104
Milwaukee, Wis., 5s, 1912, .... 105
Milwaukee, Wis., 5s, 1913, . . . . I -. aoa oc 106
Milwaukee, Wis., 5s, 1914, .... 54,636 25 1Q6^
Milwaukee, Wis., 5s, 1915, .... 107f
Milwaukee, Wis., 5s, 1916, '. . . '. 108*.
Milwaukee, Wis., 5s, 1917, .... J [ 109J
Milwaukee, Wis., 3s, 1919, .... 1,000 00 92
Montana 6s, 1920, op. 1905, .... 42,77950 100
New York, N. Y., 3*s, 1928, .... 27,375 00 94^
Portland, Ore., 4s, 1934, 48,750 00 100
Sparta, Wis., 4s, 1907, 100 00 99|
Sparta, Wis., 4s, 1908, 300 00 99£
$11,454,603 00
6,054,547 00
560,816 00
371,667 00
8,000 00
203,300 00
Market Value .
$41,350 00
30,000 00
00
74
74
00
00
25
50
00
13,125
3,066
6,706
3,120
2,650
8,006
2,737
2,750
1,027 50
7,280 00
7,350
7,420
7,481
7,533
7,595
7,647
920
40,000 00
23,562 50
50,000 00
99 50
298 50
00
00
25
75
00
50
00
162
CONNECTICUT FIRE INSURANCE CO.
Sparta, Wis., 4s, 1909,
Sparta, Wis., 4s, 1910,
Spokane, Wash., 6s, 1911,
Stark County, Ind., 6s, 1911,
Stark County, Ind., 6s, 1912, .
Stark County, Ind., 6s, 1913, .
Stark County, Ind., 6s, 1914,
Stark County, Ind., 6s, 1915, .
Stark County, Ind., 6s, 1916,
Wausau, Wis., 4s, 1924,
Wausau, Wis., 4s, 1925, .
Wausau, Wis., 4s, 1925, .
Wauwatosa & Greenfield, Wis., 5s, 1907-18
Westport, Mo., 5s, 1917, .
Whiting, Ind., 6s, 1907-11,
Miscellaneous Bonds.
La Clede Gas Light Co., St. Louis, 5s, 1934,
Book Value.
Rate.
Market Value.
$200
00
99^
$199 00
100
00
99^
99 50
23,147
50
107|
21,550 00
710
84 }
715 50
2,862
54
2,862 00
3,601
13
106 <
3,577 50
3,622
73
3,577 50
3,642
98
3,577 50
1,831
44
1,788 75
1,040
30
100
1,000 00
6,250
50
100
6,000 00
3,100
25
100
3,000 00
12,673
20
1021
12,300 00
13,751
64
109
12,971 00
9,081
10
104£
8,360 00
10,250
00
102i
10,250 00
$387,223
63
$373,555 98
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, ......
Interest on mortgage loans, $48,698.41; collaterals, $162.50:
stocks and bonds, $153,788.26; all other, $5,097.82,
Rents, including company's own occupancy,
Profit on sale of ledger assets, ....
Increase in book value of real estate,
Premium on increase in capital, ....
Total income,
Ledger assets, Dec. 31, 1905, plus $500,000 increase in capital,
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, $3,147.67; other taxes and fees, $111,692,
Loss on sale of ledger assets, .
Agency balances charged off, .
Advertising, printing and stationery,
Legal expenses, ....
Allowances to local agents,
$3,550,592 96
207,746 99
12,775 39
53,009 11
97,890 66
500,000 00
54,422,015 11
6,227,145 45
$10,649,160 56
$3,833,528 13
103,110 79
747,887 57
242,805 87
25,108 24
780 86
114,839 67
15,903 19
654 00
71,952 35
7,930 05
49,316 57
* Cash capital Dec. 31, 1905,
Increase of capital during 1906, .
Total, ......
Decrease in cash capital during 190G without distr
Cash capital Dec. 31, 190G,
ibuti
. $1,000,000
500,000
. $1,500,000
of assets, 500,000
$1,000,000
CONNECTICUT FIRE INSURANCE CO.
163
Furniture and fixtures, .....
Postage, express, etc., .....
Traveling and adjusting expenses, .
Total disbursements, ....
Balance, ......
Ledger Assets
Real estate, $267,200; mortgages, $969,900,
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .....
Bills receivable, .....
Total ledger assets, ....
Non-Ledger Assets.
Interest accrued : —
On mortgages, $11,776.25; bonds, $16,584.15,
Gross assets, ......
Assets not admitted.
Agents' balances over three months due, .
Bills receivable, past due, ....
Special deposits less $140,381 .24 liab. thereon, .
Book value of stocks and bonds over market val.,
Total unadmitted assets, . . . -
$6,199 96
18,271 21
72,169 73
$5,310,458 19
$5,338,702 37
$1,237,100 00
3,250,419 96
474,913 88
340,349 50
35,919 03
$5,338,702 37
28,360 40
$5,367,062 77
$13,420 99
17,325 81
33,078 76
20,186 71
Total admitted assets, ......
Liabilities.
Unpaid losses, including $31,786.96 resisted, $402,503.22, less
reinsurance, $44,748.65, .......
Unearned premiums on outstanding risks, ....
84,012 27
$5,283,050 50
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
,737,702 48
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$478,737,471 00
. 346,486,885 00
$825,224,356 00
. 299,313,832 00
$525,910,524 00
. 35,783,786 00
$357,754 57
3,187,593 45
$3,545,348 02
1,000,000 00
737,702 48
$5,283,050 50
Premiums.
$5,849,711 14
4,538,978 26
$10,388,689 40
3,872,423 90
$6,516,265 50
480,491 86
$490,126,738 00 $6,035,773 64
164
CONNECTICUT FIRE INSURANCE CO.
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 (9 per cent.),
Company's stock owned by directors,
$46,819,654 00
27,870,811 00
3,947,576 00
3,135,000 00
90,000 00
162,600 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
500 shares New York, New Haven & Hartford,
300 " Pittsburg, Ft. Wayne & Chicago,
Bank Stocks.
100 shares iEtna National, Hartford, Conn.,
93 " Charter Oak Nat'l, Hartford, Conn.,
125 " Farmers' & Mech. N'l, Hart., Conn.,
185 " First National, Hartford, Conn.,
300 " Hartford National, Conn.,
100 " Importers' & Traders' N'l, New York,
412 " National Exchange, Hartford, Conn.,
150 " Phoenix National, Hartford, Conn.,
Miscellaneous Stocks.
200 shares Empire & Bay States Telegraph Co.,
500 " Northwestern Telegraph Co.,
Government Bonds.
Canada 3*s, 1913, .....
State, County and Municipal Bonds.
Arizona, Territory of, 5s, 1942, .
Arizona, Territory of, 5s, 1946, .
Astoria, Ore., 6s, 1911,
Astoria, Ore., 5s, 1925,
Boston, Mass., 3*s, 1945, .
Cincinnati, O., 3*s, 1965, .
Cleveland, O., School District 4s, 1922,
Colorado Springs, Col., 4s, 1924,
Columbus, O., 4s, 1922, .
Dallas, Tex., 5s, 1920,
Duluth, Minn., 4*s, 1914,
Duluth, Minn., 4s, 1932, .
East Hartford, Conn., 4s, 1931,
Fargo, N. D., 6s, 1911,
Georgia, State of, 4*s, 1915,
Hartford, Conn., 3*s, 1954,
Hartford, Conn., South School Dist. 3*s, 1931,
Helena, Mont., 5s, 1916, .
Hennepin County, Minn., 4*s, 1924-25,
Kansas City, Mo., 4s, 1924,
Marion County, Ore., School Dist. No. 24 6s, 1910
Nashville, Tenn., 4s, 1927,
New Britain, Conn., 3*s, 1932, .
New Mexico 4s, 1933, op. 1923,
Newport, R. I., 3*s, 1954,
New York, N. Y., 3$s, 1953,
Pawtucket, R. I., 4s, 1934,
Portland, Ore., 5s, 1923, .
Richmond, Va., 4s, 1924, . . .
Rockville, Conn., 4s, 1935,
Salem, Ore., 6s, 1914,
Salt Lake Citv, Utah, 5s, 1914,
Salt Lake City, Utah, 4*s, 1924,
San Diego, Cal., 4£s, 1937-38, .
Seattle, Wash., 5s, 1913, .
Stockton, Cal., 5s, 1917, .
Railroad Bonds.
Baltimore & Ohio prior lien 3-|s, 1925,
Black Rocks & Salisbury Beach St. 5s, 1911
Chicago, Burlington & Quihcy 3*s, 1949,
Book Value.
$84,246 44
28,700 00
12,500 00
12,026 00
26,442 50
26,655 72
45,645 75
16,800 00
28,106 00
22,246 50
14,800 00
23,000 00
102,564 06
52,525 00
27,000 00
12,840 00
5,275 00
50,750 00
50,625 00
52,750 00
25,687 50
35,424 60
12,360 00
10,700 00
36,225 00
41,800 00
6,478 75
26,625 00
51,250 00
26,125 00
21,400 00
56,345 00
53,250 00
14,121 25
50,625 00
25,625 00
10,550 00
44,880 00
51,031 25
30,525 00
57,625 00
50,000 00
27,187 50
12,017 50
41,512 50
10,700 00
32,831 25
25,250 00
33,262 50
23,875 00
9,500 00
46,100 00
Rate.
1901
173
225
134
110
150
145
550
130
125
75
122
98
103f
104f
106
1041
95
96f
101f
100
101i
107
102f
98*
100
105*
111
96|
97f
104-1
108
103
103
98f
93f
100
97
91*
102|
113
101i
102|
110
105£
104*
106*
105i
107
92i
100
92
Market Value.
$95,250 00
51,900 00
22,500 00
12,462 00
13,750 00
27,750 00
43,500 00
55,000 00
26,780 00
18,750 00
15,000 00
30,500 00
98,000 00
51,812 50
26,187 50
12,720 00
5,225 00
47,500 00
48,187 50
50,875 00
25,000 00
34,382 50
12,840 00
10,237 50
34,475 00
40,000 00
6,330 00
27,750 00
48,312 50
24,406 25
20,925 00
54,000 00
51,500 00
13,390 00
49,437 50
23,406 25
10,000 00
42,680 00
45,750 00
30,637 50
56,500 00
50,625 00
25,687 50
12,100 00
42,100 00
10,450 00
31,950 00
26,312 50
32,100 00
23,062 50
10,000 00
46,000 00
CONTINENTAL INSURANCE CO.
165
Chicago, Milwaukee & St. Paul 4s, 1989,
Chicago, St. Louis & New Orleans 3^-s, 1951,
Chicago, St. Paul & Omaha 3£s, 1930,
Chicago & Erie 5s, 1982, .
Chicago & Northwestern 5s, 1929,
Chicago & Northwestern 3£s, 1987, .
Cincinnati, Dayton & Ironton 5s, 1941,
Cincinnati, Hamilton & Dayton 5s, 1942,
Cincinnati, Indianapolis & Western 4s, 1953,
Cleveland, Cincinnati, Chicago & St. Lo. 4s, 1991
Cleveland Electric 5s, 1913,
Cleveland & Mahoning Valley 5s, 1938,
Dayton & Michigan 5s, 1911,
Detroit 5s, 1924,
Indiana, Illinois & Iowa 4s, 1950,
Illinois Central 3^s, 1951,
Iowa Central 5s, 1938,
Lehigh Valley 4£s, 1940, .
Long Island guar. ref. 4s, 1949,
Michigan Central 3^s, 1952,
Minneapolis & St. Louis 4s, 1949,
New York Central & Hudson River 3^s, 1997,
N. Y. Central & Hudson R. (L. Shore) 3*s, 1998,
N. Y. Cent. & Hud R. (Mich. Cent.) 3^s, 1998,
New York, Lackawanna & Western 4s, 1923,
New York, New Haven & Hartford 4s, 1954,
New York, New Haven & Hartford 3£s, 1947,
New York, New Haven & Hartford 4s, 1947,
New York, New Haven & Hartford 3^s, 1956,
North Chicago Street 5s, 1916, .
Northern Pacific & Gt. Northern 4s, 1921,
Port Reading 5s, 1941,
Rutland 4^s, 1941, .
Rutland Canadian 4s, 1949,
St. Louis & San Francisco 5s, 1947,
St. Louis Southern 4s, 1931,
Southern Pacific 4s, 1955.
Toledo & Ohio Central 1st mortgage 5s, 1935,
West Chicago Street 5s, 1928, .
West Chicago Street R.R. Tunnel Co. 5s, 1909,
Miscellaneous Bonds.
Chicago Edison Co. 5s, 1926,
Northwestern Telegraph Co. 4*_s, 1934,
Peoples' Gas Light & Coke Co., Chic, 5s, 1947,
Traders' Safe & Trust Co., Chicago, 6s, 1905,
Western Union Telegraph Co. 5s, 1938,
Western Union Telegraph Co. 4^s, 1950,
Book Value.
$54,375 00
24,500 00
46,750 00
60,750 00
52,256 25
48,000 00
26,125 00
51,125 00
49,375 00
9,000 00
51,375 00
11,000 00
26,437 50
54,862 50
50,300 00
25,000 00
28,156 25
30,812 50
51,000 00
24,281 25
71.812
25,937
47,220
26,107
Rate.
50
50
00
50
104,525 00
00
00
50
00
00
54,250
52,375
26,812
22,500
10,350
24,596 88
10,200 00
26,187 50
25,000 00
24,837 50
26,250 00
23,690 63
15,375 00
10,050 00
10,175 00
26,625 00
25,562 50
26,125 00
10,000 00
27,093 75
24,892 38
,250,419 96
1(
90
91
116*
106
96*
108f
106
94
98
100
116*.
100
107f
98*
98
112
108*
99
93|
93
93i
86i
85*
100
101*
91
101
112
85
96|
112
105
95
101
99
94f
113
90
92
100*.
1021
102*
30
103
99*
Market Value.
853,062 50
22,500 00
45,500 00
58,250 00
50,880 00
48,250 00
27,187 50
53,000 00
47,000 00
9,800 00
50,000 00
11,650 00
25,000 00
53,875 00
49,250 00
24,500 00
28.000 00
32,550 00
49,500 00
23,312 50
69,750 00
23,312 50
43,125 00
25,650 00
100,000 00
50,625 00
45,500 00
25,250 00
25,200 00
8,500 00
24,218
11,200
26,250
23,750
25,250
24,750 00
23,687 50
16,950 00
9,000 00
9,200 00
25,125 00
25,625 00
25,625 00
3,000 00
25,750 00
24,875 00
$3,230,233 25
75
00
00
00
00
CONTINENTAL INSURANCE COMPANY, NEW YORK, N. Y.
Incorporated November, 1852. Commenced business January, 1853.
Paid-up Capital, $1,000,000.
HENRY EVANS, President. E £' balLARD' } Secretaries.
Home Office, 4.6 Cedar Street.
Income.
Net fire premiums, $6,702,853 11
Interest on mortgage loans, $827.63; stocks and bonds, $556,-
077.25; all other, $49,523.22, 606,428 10
Rents, 83,660 97
Profit on sale of stocks and bonds, 353,901 00
166
CONTINENTAL INSURANCE CO.
Increase in book value of stocks and bonds,
From all other sources, .....
Total income, . . . . .
Ledger assets, Dec. 31, 1905, ....
Total
Disbursements.
Net amount paid for fire losses,
Cash paid for redemption of scrip, .
Interest paid to scrip holders,
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, $17,681 .33; other taxes and fees, $142,391
Reduction in book value of real estate,
Agents' balances and bills receivable past due,
AdA^ertising, printing and stationery,
Legal expenses,
Local board expenses, .
Exchange,
Furniture and fixtures, .
Maps and surveys,
Postage, express, telegrams and telephone,
Subscription to papers, .....
Subscription to Mercantile Agency,
Traveling expenses, special agents, etc., .
All other disbursements, ....
Total disbursements, ....
Balance, ......
Ledger Assets.*
Real estate, $1,190,000; mortgages, $13,850, .
Stocks and bonds (schedule A),
Cash in banks and office, ....
Agents' balances, . . . . .
Bills receivable, ......
Total ledger assets,
. . .
$27,813 00
. . .
58 88
$7,774,715 06
.
16,122,662 61
$23,897,377 67
. . . $4,358,136 26
, .
112 00
72
450,000 00
1,457,843 65
452,286 00
.
18,011 72
37,660 50
h 42,391. 73
160,073 06
1,018 66
.
10,794 91
.
52,851 45
.
5,988 34
.
43,304 87
.
8,430 88
.
5,984 07
.
20,593 70
.
72,961 88
.
2,630 06
.
7,561 85
,
73,471 61
•
26,168 85
•
. $7,265,885 04
$16,631,492 63
. $1,203,850 00
13,467,068 00
1,156,106 46
745,485 31
. ' 58,982 86
$16,631,492 63
Non-Ledger Assets.
Interest accrued : —
On mortgages, $321.25; bonds, $32,294.14; other
$2,323.68,^ .
Market value" of stocks and bonds over book value, .
Gross assets,t .......
assets, ,
34,939 07
961,578 25
$17,628,009 95
* The company holds also instalment premium notes to the amount of $1,896,005 .91, 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 $600,000 special reserve held under New York'Jaw.
CONTINENTAL INSURANCE CO.
167
Assets not admitted.
Agents' balances over three months'due, . $6,181 56
Special deposits less $94,719.79 liability
thereon, 31,792 71
Total unadmitted assets, . . .
$37,974 27
Total admitted assets, $17,590,035 68
Liabilities.
Unpaid losses, including $31,903 resisted, $406,437.48: less rein-
surance, $21,113.67, $385,323 81
Unearned premiums on outstanding risks, $6,789,909.77; plus
same on disallowed reinsurance, $1,249.83, .... 6,791,159 60
Due for reinsurance, ........ 13,508 72
Reserve for contingencies, ....... 250,000 00
All liabilities, except capital and surplus, .... $7,439,992 13
Surplus to policy holders, .... $10,150,043 55
Paid-up capital, . . . 1,000,000 00
Surplus over capital and general liabilities, . . . . 9,150,043 55
Total liabilities,
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
$17,590,035 68
Risks and Premiums.
Premiums.
$1,149,357,392 00 $12,176,194 68
838,372,774 00 7,814,331 30
Total, . . . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$1,987,730,166 00 $19,990,525 98
757,007,431 00 6,733,256 85
,230,722,735 00 $13,257,269 13
37,794,783 00 359,695 71
,192,927,952 00 $12,897,573 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 (4.5 per cent.), .
Company's stock owned by directors, .
$115,590,465 00
63,047,309 00
4,415,246 00
8,614,357 00
450,000 00
189,200 00
Schedule A. Stocks and Bonds owned by the Company.
500 s
shares
1,000
a
2,000
1,000
14,000
500
a
it
it
it
700
it
1,000
3,000
1,500
tt
it
it
3,000 rights
750 shares
2,500
it
Railroad Stocks.
Atlantic Coast Line, Conn., .
Atlantic Coast Line, Va.,
Baltimore & Ohio, common, .
Baltimore & Ohio, preferred,
Brooklyn City,
Buffalo, Rochester & Pitts., pref.,
Buffalo, Rochester & Pitts., com.,
Chicago & Eastern Illinois, pref.,
Chicago, Milwaukee & St. P., pref.,
Chic, Mil. & St. P., pref., 10% pd.,
Chicago, Milwaukee & St. Paul,
Chic, Mil. & St. P., com., 10% pd.,
Chicago & Northwestern, preferred,
Book Value.
$128,050 00
136,000 00
208,177 00
90,000 00
316,150 00
57,500 00
80,500 00
120.000 00
525,000 00
15,000 00
7,500 00
525,000 00
Rate.
325
132
119J
92^
225
150
145
125
162^
100
33J
100
230
Market Value.
$162,500 00
132,000 00
239,000 00
92,250 00
315,000 00
75,000 00
101,500 00
125,000 00
488,250 00
15,000 00
100,500 00
7,500 00
575,000 00
168
CONTINENTAL INSURANCE CO.
4,500 shares Chicago & Northwestern, common, .
1,000 " Chic, St. P., Minn. & Omaha, pref.,
600 " Cleve., Cin., Chic. & St. Louis, pref.,
1,000 " Cleve., Lorain & Wheeling, pref.,
1,000 " Delaware & Hudson Co., common,
1,000 " Delaware, Lack. & Western, com.,
800 " Erie, 1st preferred,
2,000 " Great Northern, preferred,
2,000 " Gt. Northern, Iron Ore Prop.,
1,000 " Hocking Valley, preferred,
2,437 " Lake Shore & Michigan South., com
5,000 " Lehigh Valley, common,
2,500 " Louisville & Nashville, common,
2,000 " Manhattan, .
500 " Mahoning Coal, common,
1,000 " , Nash., Chat. & St. Louis, common,
1,000 " N. Y. Central & Hud. R., common,
500 " N. Y., Chic. & St. Louis, 1st pref.,
5,021 " New York & Harlem, .
1,000 " Norfolk & Western, common,
2,500 " Northern Pacific, common,
30 " Northern Securities,
1,200 " Pitts., Cin., Chic. & St. Louis, pref.
500 " Pitts., Ft. Wayne & Chicago,
4,200 " Pittsburg, McKeesport & Yough.,
400 " Reading Co., 1st preferred,
500 " Second Avenue, .
2,500 " Southern, preferred,
500 " Southern Pacific, preferred,
2,000 " Union Pacific, common.
2,000 " United N. J. R.R. & Canal Co.,
Bank Stocks.
250 shares American Ex. N'L N. Y., N. Y.,
50 " Bank of America, New York, N. Y.
500 " Bank of New York, N. Y., .
200 " Central Trust Co., New York, N. Y
425 " Mechanics' Nat'l, New York, N. Y
350 " Merchants' Nat'l, New York, N. Y
Miscellaneous Stocks.
1,500 shares American Telephone & Tel. Co.,
2,200 " Consolidated Gas Co., N. Y.,
300 " Mahoning Investment Co.,
2,000 " United States Express Co., .-
State and Municipal Bonds.
Georgia 4*s, 1915,
Massachusetts 3*s, 1943, .
New Mexico 6s, 1919,
New York, N. Y., 3*s, 1940,
New York, N. Y., 3*s, 1927,
New York, N. Y., 3*s, 1954,
Portland, Ore., 5s, 1917, .
Richmond, Va., 4s,' 1920-1-4,
Railroad Bonds,
Atlantic Coast Line (L. & N. col.) 4s, 1952,
Chicago & Alton 3*s, 1950,
Chicago City (sub. 95% paid) 4*s,
Chicago & Northwestern 6s, 1929,
Chicago, Rock Island & Pacific 4s, 2002,
Columbia & Greenville 6s, 1916,
Delaware & Hudson 4s, 1916,
Elmira, Cortland & Northern 6s, 1914,
Louisville & Nashville (Mob. & Mon.) 4*s, 1945,
Metropolitan Street 5s, 1997.
N. Y., N. H. & Hartford (convert, deb.) 3*s, 1956,
North. Pac. & Gt. North. (C, B. & Q. col.) 4s, 1921,
Wabash (Series B) 6s, 1939,
Miscellaneous Bonds.
American Telegraph & Telephone 4s, 1936,
Consolidated Gas Co. 6s, 1909, .
N, Y. Gas, Elec. Light, H. & P. Co. 4s, 1949,
00
00
00
00
Book Value.
$731,578 00
175,000 00
60,000 00
100,000 00
175,000 00
150,000 00
60,000 00
315,383 00
160,000 00
80,000 00
733,099 00
358,386 00
350,000 00
309,024
50,000
140,059
129,441
50,000 00
953,990 00
92,458 00
466.920 00
6,000 00
120,000 00
87,500 00
231,000 00
17,000 00
100,000 00
212,500 00
57,287 00
260,000 00
500,000 00
52,500 00
20,000 00
134,085 00
350,000 00
106,947 00
26,250 00
195,000 00
385,000 00
18,000 00
200,000 00
25,000 00
200,000 00
10,000 00
475,000 00
125,000 00
400,000 00
50,000 00
50,000 00
45,000 00
15,000 00
190,000 00
50,394 00
70,000 00
50,000 00
34,050 00
50,000 00
50,000 00
100,000 00
3,750 00
237,500 00
137,500 00
28,590 00
88,000 00
54,000 00
$13,467,068 00
Rate.
198*
181
110
108
222
515
75
181
79
93*
335
154
143*
142|
215
140
131
118
380
92
1851
165
104
173
133
90
197
94
116*
1801
255
247
525
315
2,025
245
160
133*
138
80
117
111
101
103*
92f
94*
91f
109
101*
89
75*
95
111
76
112
107
111
105+
105|
112
96|
74*
92
137
82
Market Value.
$892,125 00
181,000 00
66,000 00
108,000 00
222,000 00
257,500 00
60,000 00
362,000 00
158,000 00
93,500 00
816,395 00
385,000 00
357,812 50
285,500 00
53,750 00
140,000 00
131,000 00
59,000 00
953,990 00
92,000 00
463,125 00
4,950 00
124,800 00
86,500 00
279,300 00
18,000 00
98,500 00
235,000 00
58,250 00
360,500 00
510,000 00
61,750 00
26,250 00
157,500 00
405,000 00
104,125 00
28,000 00
200,250 00
303,600 00
24,000 00
234,000 00
27,750 00
202,000 00
10,350 00
439,968 75
118,125 00
365,500 00
54,500 00
50,562 50
44,500 00
15,100 00
190,000 00
55,500 00
76,000 00
56,000 00
36,380
55,500
52,625
105,625
5,600
242,187
00
00
00
00
00
50
186,250 00
27,600 00
75,350 00
49,200 00
$14,428,646 25
THE COSMOPOLITAN FIRE INSURANCE CO. OF NEW YORK. 169
THE COSMOPOLITAN FIRE INSURANCE COMPANY OF NEW YORK,
NEW YORK, N. Y.
Incorporated May 19, 1906. Commenced business June 2, 1906.
Paid-up Capital, $300,000.
LEO A. LOEB, Vice-President. WILLIAM WOOD, Secretary.
Home Office, 95 William Street.
Income.
Net fire premiums, $569,201 81
Interest on bonds, $7,374.72; all other, $353.94, . . . 7,728 66
Premium on capital stock, ....... 150,000 00
Total income, .....
Ledger assets, June 2, 1906, ....
Total, . . . * .
Disbursements.
Net amount paid for fire losses,
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees,
Taxes and fees, ......
Organization expenses, . .
All other disbursements, ....
Total disbursements,
Balance, ......
Bonds (schedule A),
Cash in banks,
Agents' balances, .
Total ledger assets,
Ledger Assets.
Non-Ledger Assets.
Interest accrued on bonds, . . . . .
Gross assets, .........
Assets not admitted.
Book value of bonds over market value, .....
Total admitted assets, .......
Liabilities.
Unpaid losses, including $600 resisted, $41,976.27; less reinsur-
ance, $5,048.35, . . . . ' .
Unearned premiums on outstanding risks, ....
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
Total liabilities, ....
$408,027 07
$726,930 47
300,000 00
1,026,930 47
$81,228 65
189,186 71
5,019 68
6,573 81
3,220 66
382 43
$285,611 94
$741,318 53
$634,617 61
25,494 20
81,206 72
$741,318 53
5,454 12
$746,772 65
19,795 11
$726,977 54
$36,927 92
282,022 55
$318,950 47
300,000 00
108,027 07
$726,977 54
170 THE COSMOPOLITAN FIRE INSUKANCE CO. OF NEW YORK.
Risks and Premiums.
Fire risks written during 1906,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$57,640,119 00
21,464,143 00
$36,175,976 00
2,192,059 00
Premiums.
$734,186 09
205,508 38
$528,677 71
28,003 16
$33,983,917 00 $500,674 55
Miscellaneous.
Premiums received, from organization of company, . . . $734,186 00
Losses paid from organization of company, .... 81,229 00
Fire losses incurred during the year, . . . . . 118,157 00
Company's stock owned by directors, . . . . . 79,800 00
Schedule A. Bonds owned by the Company.
Government Bonds.
Imperial Japanese 6s, 1911,
Imperial Japanese 4*s, 1925,
United States of Mexico 4s, 1954,
Municipal Bonds.
New York, N. Y., 2*s, 1929,
New York, N. Y., 3*s, 1955,
Railroad Bonds.
Atchison, Topeka & Santa Fe 4s, 1955,
Atchison, Topeka & Santa Fe~ general 4s, 1995,
Atlantic Coast Line 4s, 1952,
Baltimore & Ohio 4s, 1948,
Central of Georgia Consolidated 5s, 1945,
Central of New Jersey equipment notes 4s, 1907,
Central Pacific 3*s, 1929,
Chesapeake & Ohio 4*s, 1992, .
Chicago, Rock Island & Pacific 4*s, 1908, .
Chicago, Rock Island & Pacific 4s, 1934,
Delaware & Hudson River convert, deb. 4s, 1916
Hocking Valley 4*s, 1999,
Kansas City Southern 3s, 1950,
Louisville & Nashville 4s, 1923,
New York Central (Lake Shore coll.) 3*s, 1998,
Norfolk & Western 4s, 1996,
Northern Pacific & Great Northern 4s, 1921,
Oregon Short Line 4s, 1929, .
Pennsylvania Co. 4*s, 1907,
Pennsylvania convertible 3*s, 1912, .
Pennsylvania convertible 3*s, 1915, .
Reading Co. & Pbila. & Read. C. & I. Co. 4s, 1997
San Antonio & Aransas Pass. 4s, 1943,
Seaboard Air Line 4s, 1950,
Southern Pacific 4s. 1955,
Third Avenue 4s, 2000, ....
Underground Electric, London Ltd., 5s, 1908,
Union Pacific 4s, 1947, ....
Miscellaneous Bonds.
Central Leather Co. 5s, 1925,
United States Steel Corporation 5s, 1963, .
Book Value.
$9,697 50
18,525 00
9,451 12
79,533 27
206,062 50
10,115 28
10,144 72
9,952 84
10,245 83
11,140 28
9,962 50
17,175 70
10,538 77
9,762 50
9,263 62
16,304 30
10,600 01
3,537 29
9,741 39
8,833 06
9,958 34
9,808 36
9,405 00
19,900 00
9,762 92
18,818 06
9,945 85
8,745 85
4,328 49
9,505 01
4,605 15
9,543 05
10,295 85
9,790 14
9,618 06
$634,617 61
Rate.
954
90
93
79*
91f
104*
100
96
lOOf
109
99i
85*
103f
99*
90
107
104*
71*
96
86i
98*
96J
93*
100
98
93
99
86*
81
92
102
971
Market Value.
$9,550 00
18,000 00
9,300 00
77,910 00
191,887 50
10,450 00
10,000 00
9,600 00
10,075 00
10,900 00
9,925 00
17.050 00
10,362 50
9,950 00
9,000 00
16,050 00
10,450 00
3,575 00
9,600 00
8,625 00
9,850 00
9,687 50
9,350 00
20,000 00
9,800 00
18,600 00
9,900 00
8,650 00
4,050 00
9,475 00
4,400 00
9,200 00
10,200 00
9,725 00
9,675 00
$614,822 50
COUNTY FIRE INSURANCE CO.
171
COUNTY FIRE INSURANCE COMPANY OF PHILADELPHIA,
PHILADELPHIA, PA.
Incorporated May 31, 1832. Commenced business April 19, 1833.
Paid-up Capital, $400,000.
CHARLES R. PECK, President. E. A. LAW, Secretary.
Home Office, 110 South l^tln Street.
Income.
Net fire premiums, . . .
Deposit premiums on perpetual risks, ....
Interest on mortgage loans, $9,085.64; collaterals, $3,825.1:
stocks and bonds, $25,737 . 27 ; all other, $1,546 . 22,
Rents, including company's own occupancy,
Profit on maturity of bonds, ......
Perpetual deposits earned by loss, .....
Discounts on perpetual premiums, . . . . .
Total income, .....
Ledger assets, Dec. 31, 1905, ....
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, $1,178.50; other taxes and fees,
Loss on maturity of bonds, ....
Advertising, ......
Maps, ........
Profit and loss, ......
Traveling expenses, .....
All other disbursements, ....
Total disbursements, ....
Balance, ......
Ledger Assets
Real estate, $66,999.94; mortgages, $182,700,
Loans secured by collateral (schedule A),
Stocks and bonds (schedule B),
Cash in banks and office, . - .
Agents' balances, . . .
Due from other companies,
Total ledger assets,
),207
08,
. $341,696
21
9,095
26
40,194
4,936
24
30
20 00
30
60
814
18
. $396,786 79
927,688 30
. $1,324,475 09
. $142,127 59
6,402 87
32,000 00
83,906 76
18,347 04
1,800 00
373 54
10,385 58
1,720 00
608 68
4,132
42
264
00
4,362
44
19,228
82
. $325,659 74
. $998,815 35
. $249,699 94
98,700 00
535,875
62,983
48,763
2,793
04
32
30
75
. $998,815 35
172
COUNTY FIRE INSURANCE CO.
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $2,082.84; collateral loans, $424.78,
Rents due on company's property, .
Market value of real estate over book value,
Market value of stocks and bonds over book value,
Deposit with Philadelphia Underwriters' Ass'n,
Due for reinsurance and salvage,
Gross assets, ......
Assets not admitted.
Deposit with Philadelphia Underwriters' Ass'n,
Salvage, .......
Total unadmitted assets, ...
$100 00
13 00
Total admitted assets,
Liabilities.
Unpaid losses, including $1,000 resisted, $33,432 . 15; less reinsur-
ance,-$7,091 .61,
Unearned premiums on outstanding risks, .
Reclaimable on perpetual fire policies, . . . . .
Commissions and other charges due agents and brokers,
Miscellaneous, .........
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$603,491 03
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Perpetual risks in force (not included above),
$31,998,201 00
36,039,055 00
,037,256 00
27,031,123 00
$41,006,133 00
2,722,511 00
$38,283,622 00
$9,230,163 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 (8 per cent.),
Company's stock owned by directors, . .
$2,507 62
163 50
17,965 06
58,884 34
100 00
78 88
,078,514 75
113 00
,078,401 75
>,340 54
234,934 87
204,102 20
9,253 74
279 37
$474,910 72
400,000 00
203,491 03
1,078,401 75
Premiums.
$372,161 78
419,207 32
$791,369 10
323,068 84
$468,300 26
29,423 99
^,876 27
$225,205 00
54,847,916 00
2,912,056 00
145,394 00
908,408 00
32,000 00
132,600 00
COUNTY FIRE INSURANCE CO.
173
Schedule A. Securities held as Collateral.
21 shares Union Passenger Railway Co.,
375 " Westinghouse Elec. & Mfg. Co.'s 1st pref. stock,
25 " Westinghouse Elec. & Mfg. Co.'s, assent, stock,
Pennsylvania R.R. general mortgage 6s,
50 shares U. G. I. Co.,
100
5
100
100
100
100
200
200
100
200
75
700
Philadelphia Rapid Transit Co.,
Fidelity Trust Co.,
Union Traction Co. of Pittsburg, preferred,
Philadelphia Electric Co.,
Philadelphia Rapid Transit Co.,
U. G. I. Co.,
Cambria Steel, ....
L. V. R.R.,
Philadelphia R. T. Co., .
Lehigh Valley, ....
Central Trust, ....
Electric Co., America,
Company's
Market Value.
$4,835 00
30,000 00
1,875 00
2,160 00 )
- 4,750 00
2,000 00
4,010 00
4,900 00
812 00
2,000 00
9,500 00
8,700 00 J
15,650 00
2,000 00
15,650 00
6,768 00
7,700 00 J
Loaned
Thereon.
$3,700 00
25,000 00
15,000 00
15,000 00
15,000 00
25,000 00
$123,310 00 $98,700 00
Schedule B. Stocks and Bonds owned by the Company.
Railroad Stocks.
11 shares Elmira & Williamsport,
C. P.
50 " Frankford & Southwark P.
205 " Germantown Passenger,
104 " North Pennsylvania,
470 " Pennsylvania, .
264 " Philadelphia, Germantown & Norrist'n.
200 " Philadelphia Traction Co.,
100 " Second & Third St. Passenger, .
20 " Thirteenth & Fifteenth St. "Passenger,
150 " United Cos. of New Jersey,
164 " Union Traction Co. of Philadelphia, .
Bank Stocks.
28 shares Bank of No. America, Phila., Pa.,
10 " First National, Philadelphia, Pa.
35
Pa.
N'l, of Northern Liberties. Phila
Miscellaneous Stocks.
2 shares General Adjustment Bureau,
Railroad Bonds.
Catawissa 4s, 1948, ....
Chesapeake & Ohio 4s, 1914,
Electric & Peoples' Traction 4s, 1945,
Erie & Western Transportation 4s, 1925,
Iron Mountain Car trust 5s, 1910,
Lehigh Valley 7s, 1910, .
Lehigh Valley 41s, 1940, .
Lehigh Valley annuitv 6s,
Lehigh Valley 4s, 2003, ...
Newark Passenger 5s, 1930,
Norfolk & Western equipment 4s, 1913,
Northern Central 5s, 1926,
Northern Central 5s, 1926,
Pennsylvania Co. 31s, 1916,
Pennsylvania Co. 4s, 1931,
Pennsylvania 6s, 1910,
Pennsylvania 6s, 1910,
Pennsylvania & Northwestern 5s, 1930,
Philadelphia, Baltimore & Washington 4s,
Philadelphia City Passenger 5s, 1910,
Philadelphia & Erie 5s, 1920, .
Philadelphia & Reading Terminal 5s, 1941,
Pitts., Cincinnati, Chicago & St. Louis 41s, 1942,
Wladikawkas 4s, .....
1943,
Book Value.
$550 00
16,656 25
17,744 60
8,699 50
26,502 00
28,847 05
18,225 00
16,816 00
4,500 00
29,217 39
2,870 00
7,458 00
2,102 50
11,516 25
100 00
4,300 00
9,772 00
23,359 00
15,412 50
10,192 00
10,150 00
25.250 00
18,137 50
4,900 00
16,012 50
4,897
6,910
4,640
8,790
25,125
50
00
00
00
00
13,302 50
10,400
5,225
3,240
10,600
12,050
23,400
15,000
00
00
00
00
00
00
00
Rate.
106
836
260
206
138f
314
183
588
580
255
116
280
230
260
100
102
941
98
100
100
109^
108*
150
97*
1111
94X
115f
115f
95^
97i
1061
112
106
1021
112
1201
109*
79"
Market Value.
$583 00
20,900 00
26,650 00
10,712 00
32,518 13
41,448 00
18,300 00
29,400 00
5,800 00
38,250 00
9,512 00
7,840 00
2.300 00
9,100 00
100 00
4,080 00
9,450 00
24,500 00
15,000 00
10,000 00
8,760 00
27,125 00
22,500 00
4,862 50
16,725 00
4,743 75
6.945 00
4,630 00
8,595 00
24,312 50
11,715 00
11,200 00
5.300 00
3,075 00
11,200 00
12,062 50
21,900 00
11,850 00
174
THE DELAWARE INSURANCE CO.
Miscellaneous Bonds.
Equitable Ilium. Gas Light Co., Phila., 5s, 1928,
Pennsylvania Steel Co. 5s, 1917,
Philadelphia Co. 5s, 1949,
Western Union Telegraph Co. 4^s, 1950,
Book Value.
$15,405 00
15,250 00
5,425 00
26,925 00
Rate.
106
105
107
99i
Market Value.
$14,840 00
15,750 00
5,350 00
24,875 00
$535,875 04
$594,759 38
THE DELAWARE INSURANCE COMPANY OF PHILADELPHIA,
PHILADELPHIA, PA.
Incorporated April 10, 1835. Commenced business Aug. 6, 1835.
Paid-up Capital, *$400,000.
TATTNALL PAULDING, President. J. PARSONS SMITH, Jr., Secretary
Home Office, Third and Walnut Streets.
Income.
Net fire premiums, . . ■ .
Deposit premiums on perpetual risks, ....
Interest on mortgage loans, $7,034.18; collaterals, $4,067.75
stocks and bonds, $48,865.54; all other, $2,313.85,
Rents, including company's own occupancy,
Profit on sale of bonds, .
Borrowed money, ....
Premium on increase in capital stock,
From all other sources, .
Total income,
Ledger assets, Dec. 31, 1905,
Error in 1905 report,
Increase in capital,
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, $2,074; other taxes and fees,
Loss on sale of bonds, ....
Advertising, printing and stationery,
Furniture and maps, ....
Profit and loss, .....
Underwriters' boards, ....
All other disbursements,
Total disbursements,
Balance, .....
$989,540 27
12,184 40
62,281 32
11,050 00
996 53
150,000 00
118,850 00
25 00
,798,203 70
28,196 27
118,850 00
$1,344,927 52
$29,294.40,
1,945,249 97
$3,290,177 49
$994,078 98
6,830 83
24,599 79
259,886 40
66,751 20
8,032 74
5,290 56
31,368 40
292 09
14,045 18
3,221 90
790 65
13,881 10
. 28,703 47
1,457,773 29
1,832,404 20
* Cash capital Dec. 31, 1905 $702.875 00
Increase of capital during 1906, ...... 118,850 00
Total, $821,725 00
Decrease in cash capital during 190G without distribution of assets, 421.725 00
Cash capital Dec. 31, 1906, $400,000 00
THE DELAWARE INSURANCE CO.
175
Ledger Assets.
Real estate, $200,000; mortgages, $155,500,
Loans secured by collateral (schedule A),
Stocks and bonds (schedule B),
Cash in banks and office,
Agents' balances, .....
Cash in hands of special agents,
Deposit with Philadelphia Underwriters' Ass'n,
Due from other companies, .
•
. $355,500 00
50,000 00
. 1,096,789 70
95,712 54
213,295 82
150 00
100 00
20,856 14
Total ledger assets, . . . . .
Non-Ledger Assets.
Interest accrued : —
On mortgages, $2,193.42; bonds, $15,929.15, .
Rents accrued on company's property, . . . -
Market value of stocks and bondsover book value, .
5C
OC
00
74
$1,832,404 20
18,122 57
1,020 84
16,274 68
Gross assets, ......
Assets not admitted.
Special deposits, ......
Cash in hands of special agents,
Deposit with Philadelphia Underwriters' Ass'n,
Due from unauthorized companies, .
Total unadmitted assets, .
$10,862
150
100
684
$1,867,822 29
)
11,797 24
ur-
70
00
00
00
00
Total admitted assets,
Liabilities.
Unpaid losses, including $6,200 resisted, $179,
ance, $12,920,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
Dividends due stockholders, .
Commissions and other charges due agents and
Borrowed money, . . . . * .
532; less reins
brokers,
$525,934
JMS.
$146,988,331
108,470,309
$255,458,640
100,607,768
$1,856,025 05
$166,612 00
856,942 94
121,838 57
77 00
34,619 84
150,000 00
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$1,330,090 35
400,000 00
125,934 70
Total liabilities, ....
Risks and Premii
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated, . - .
$1,856,025 05
Premiums.
$1,692,875 26
1,328,201 07
$3,021,076 33
1,247,239 32
$1,773,837 01
181,795 00
In force at end of year, ....
Amount reinsured, ....
$154,850,872 00
. 14,808,972 00
$140,041,900 00
$4,748,602 00
Net amount in force,
Perpetual risks in force (not included above),
$1,592,042 01
$135,376 19
176
THE DELAWARE 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,
Company's stock owned by directors,
$39,021,759 00
23,465,229 00
1,102,447 00
2,869,967 00
24,599 00
45,670 00
Schedule A. Securities held as Collateral.
Company's Loaned
Market Value. Thereon.
$13,425 00
9,900 00
7,087 50
8,700 00 1- $50,000 00
14,475 00
3,000 00
1,400 00
United Railways of San Francisco bonds, .
Nat. Gas, Electric Light & Power Co. bonds,
Marquette Bessimer Co. bonds, ...
200 shares Erie R.R.,
300 " United States Steel Corporation, common,
200 " Lake Superior Co., . .
700 " Philadelphia Electric Co.,
$57,987 50 $50,000 00
Schedule B. Stocks and Bonds owned by the Company.
Railroad Stocks.
550 shares Pennsylvania, ....
Miscellaneous Stocks.
3 shares General Adjustment Bureau,
110 " New York Dock Co., preferred, .
20 " Philadelphia Bourse, common, .
15 " Philadelphia Bourse, preferred, .
5 " Underwriters' Salvage Co. of N. Y.,
State and Municipal Bonds.
Borough of Bethlehem, Pa., 4s, 1923-33, .
Camden, N. J., 4s, 1912
Duquesne, Pa., 4£s, 1923-33, .
Georgia 3£s, 1927,
Richmond, Va., 4s, 1926, ....
Railroad Bonds.
Allegheny Valley 4s, 1942,
Allentown Terminal 4s, 1919,
Altoona and Logan Valley Electric 4^s, 1933,
American 5s, 1911, .....
Boston and Worcester Street 4^s, 1923,
Camden and Suburban 5s, 1946,
Connecticut Railway and Lighting 4^s, 1951,
Detroit United 4£s, 1932,
East McKeesport Street 5s, 1929,
Fort Wayne and Wabash Valley Trac. 5s, 1934,
Indianapolis Northern Traction 5s, 1932,
Interstate 4s, 1943, .
Lehigh Valley 4£s, 1940, ....
Lehigh Valley 4$s, 1923, ....
Lehigh Valley 4s, 2003, ....
Lynchburg Traction and Light Co. 5s, 1931,
Norfolk & Western 4s, 1944,
Nor. & West. (Pocahontas C. and C. Co.) 4s, 1941
People's Passenger 5s, 1910,
People's Passenger 4s, 1943,
Philadelphia, Wilmington & Baltimore 4s, 1921,
Reading Co. (Jersey Central col.) 4s, 1951, .
Roanoke Railway & Electric 5s, 1953,
Southern Traction, Pittsburg, 5s, 1950,
St. Louis Merchants' Bridge Terminal 5s, 1930,
United R'ys & Investment, San Fran., 5s, 1926,
United R'ys & Investment, San Fran., 4s, 1927,
United Railways trust certificates, 4s, 1949,
United Traction, Pittsburg, 5s, 1997,
Book Value.
$27,500 00
150 00
11,000 00
1,000 00
375 00
500 00
25.711 10
30,558 00
28,733 20
9,925 00
35,855 00
51,275 00
50,310 00
9,400 00
25,083 30
23,200 50
20,464 30
24,937 50
18,900 00
8,544 48
19,400 00
14,362 50
24,327 50
25,115 86
101,375 00
9,800 00
10,025 00
19,540 00
14,137 50
10,474 29
18,800 00
29,400 00
38,033 33
20,050 00
10.464 44
25,312 40
45,156 23
20,281 25
20,975 00
19,900 00
Rate.
138|
100
83
11
12
100
100
1001
105i
108f
lOlf
1021
100
98
100
102
110
102
891
102
93
94
70
1081
106
97i
99
96
91*
102
100
101
95$
98
101
112
91
81f
90
112
Market Value.
$38,053 13
150 00
9,130 00
110 00
45 00
500 00
25.000 00
30,150 00
27,365 00
10,862 50
37,508 75
51,250 00
50,000 00
9,800 00
25,000 00
23,460 00
22,000 00
25,500 00
17,900 00
8,160 00
18,600 00
14,100 00
24,500 00
27,125 00
106,000 00
9,725 00
9,900 00
19,200 00
13,687 50
10,200 00
20,000 00
30,300 00
38,200 00
19,600 00
10,100 00
28,000 00
45,500 00
20,437 50
22,500 00
22,400 00
THE DELAWARE FIRE INSURANCE CO. OF DOVER.
177
Wabash-Pittsburg Terminal 1st mort. 4s, 1954,
Wilmington & Northern 5s, 1932,
Miscellaneous Bonds.
Delano Land Co. 5s, 1932,
Mortgage Trust Co. of Pennsylvania 4s, 1908,
New York Dock Co. 4s, 1951, .
Philadelphia Electric 5s, 1948, .
Public Service Corporation of N. J. 5s, 1909,
Suburban Gas Co. of Philadelphia 5s, 1952,
Westinghouse Electric & Manuf. Co. 5s, 1913,
Book Value.
Rate.
Market Value.
$13,931 25
80
$12,000 00
25,787 50
101
25,250 00
30,393 75
105
31,500 00
15,000 00
90
13,500 00
11,000 00
92
10,120 00
49,922 50
98|
49,125 00
14,737 50
96
14,400 00
15,352 02
97
14,550 00
20,312 50
103
20,600 00
$1,096,789 70
$1,113,064 38
THE DELAWARE FIRE INSURANCE COMPANY OF DOVER, DELA-
WARE, DOVER, DEL.
Incorporated 1897. Commenced business 1897.
Paid-up Capital, $200,000.
HARRY A. RICHARDSON, President. WILLIAM D. DENNEY, Secretary.
Home Office, Corner State and Loockerman Streets.
Income.
Net fire premiums, $312,887 12
Interest on mortgage loans, $882.50; collaterals, $249.11; stocks
and bonds, $11,491.06; all other, $555.88, ....
Profit on sale or maturity of railroad bonds, ....
Total income, . . .
Ledger assets, Dec. 31, 1905, ....
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, ......
Legal expenses, .....
Advertising, printing, stationery and supplies, .
Furniture and fixtures, .....
Postage, express and telegrams,
All other disbursements, ....
Total disbursements, ....
Balance, ......
Mortgages, .
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Total ledger assets,
Ledger Assets.
13,178 55
1,158 33
$327,224 00
287,960 50
$615,184 50
$99,479 47
5,000 00
80,581 29
14,298 41
4,350 00
3,902 51
818 70
4,485 75
6,387 54
1,017 83
10,912 20
$231,233 70
$383,950 80
$17,100 00
274,901 67
30,256 58
61,692 55
$383,950 80
178
THE DELAWAKE EIRE INSURANCE CO. OF DOVER.
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $600; bonds, $1,325; other assets, $301.83,
$2,226 83
Gross assets, .....
.
•
$386,177 63
Assets not admitted.
Agents' balances over three months due,
Book value of stocks and bonds over market value
Total unadmitted assets,
$284 68
>, 12,076 67
12,361 35
Total admitted assets,
$373,816 28
Liabilities.
Unpaid losses, $9,272.70; less reinsurance, $2.1
Unearned premiums on outstanding risks, $151,
on disallowed reinsurance, $390.18,
496 . 74 ; plus same
'. $212,659 39
$9,269 97
151,886 92
All liabilities, except capital and surplus;
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$161,156 89
200,000 00
12,659 39
Total liabilities, ....
.
.
$373,816 28
Risks and Premii
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
JMS.
$3,996,067 00
28,505,857 00
Premiums.
$43,249 98
388,540 08
Total, . .
Risks expired and terminated,
$32,501,924 00
10,289,346 00
$431,790 06
135,688 81
In force at end of year, ....
Amount reinsured, ....
$22,212,578 00
414,964 00
$296,101 25
4,877 90
Net amount in force,
. $21,797,614 00
$291,223 35
Miscellaneous
Premiums received from organization of compa
Losses paid from organization of company,
Fire losses incurred during the year,
Cash dividends declared from organization of c<
Dividends declared during the year (2 . 5 per ce
Company's stock owned by directors,
ny, •
)mpany,
at.), . ' .
$513,760 00
267,142 00
99,740 00
17,500 00
5,000 00
132,100 00
Schedule A. Stocks and Bonds oy
/"NED BY THE
Company.
Bank Stocks.
79 shares Farmers-Delaware, ....
6 " First National, Dover, Del, . . .
Book Value.
$10,862 50
1,350 00
Rate.
275
300
Market Value.
$10,862 50
1,800 00
County and Municipal Bonds.
Dover, Del., 4s,' 1909-op. 1904, ....
Kent County, Del., 4s, 1913, .
New York, N. Y., 3£s, 1937, ....
New York, N. Y., 3|s, 1925,
New York, N. Y., 3*3, 1954, ....
New York, N. Y., 3£s, 1954, ....
10,139 17
15,000 00
49,625 00
49,625 00
14,868 75
44,606 25
100
101*
93
04}
0l|
Olf
10,000 00
15,187 50
46,500 00
47,437 50
13,706 25
41,118 75
Railroad Bonds.
Chattanooga 5s, 1956, .....
10,000 00
99£
9,950 00
THE DETROIT FIRE AND MARINE INSURANCE CO.
179
Lehigh Valley 4s, 2003, ....
Louisville & Nashville 4s, 1923,
Market Street Elevated 4s, 1955,
Minneapolis & St. Louis 5s, 1911,
Miscellaneous Bonds.
International Navigation Co. 5s, 1929,
National Electrolytic Co. 5s, 1919,
Niagara Falls Hydraulic Power Co. 5s, 1917,
Niagara Falls Power Co. 5s, 1932,
Book Value.
Rate.
Market Value.
$5,000 00
10,000 00
5,000 00
9,900 00
97£
96
99
98^
$4,862 50
9,600 00
4,950 00
9,850 00
10,000 00
9,000 00
10,000 00
9,925 00
86
85
100
99
8,600 00
8,500 00
10,000 00
9,900 00
$274,901 67
$262,825 00
THE DETROIT FIRE AND MARINE INSURANCE COMPANY,
DETROIT, MICH.
Incorporated Feb. 1, 1866. Commenced business March 14, 1866.
Paid-up Capital, $500,000.
E. H. BUTLER, President. A. H. McDONELL, Secretary.
Home Office, 91 Griswold Street.
Income.
Net fire premiums, $515,203.22; marine, $73,039.72, . $588,242 94
73,059 25
2,815 70
1,038 09
750 00
$665,905 98
1,629,695 63
12,295,601 61
Interest on mortgage loans, $36,114.62; collaterals, $945.09,
bonds, $19,743.49; all other, $16,256.05, . . . .
Rents, ..........
Profit on sale of real estate, .......
Increase in book value of bonds, ......
Total income, . . . . . . • .
Ledger assets, Dec. 31, 1905, . .
Total,
Disbursements.
Net amount paid for fire losses, $197,457 . 59 ; marine, $43,210 . 50,
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, $900.07; other taxes and fees, $17,173.58,
Loss on sale of real estate, ....
Printing, stationery, etc., ....
Agents' balances charged off, ....
Profit and loss, ......
Reduction in book value of ledger assets,
Total disbursements, ....
Balance, ......
Ledger Assets.
Real estate, $257,527.88; mortgages, $634,399.58, .
Loans secured by collateral (50 shares Wayne County, Mich.,
Savings Bank; 42 shares American Exchange National Bank,
Detroit, Mich.), ........
Bonds (schedule A), . . . .
Cash in banks and office, .......
Agents' balances, .........
$240,668 09
50,000 00
117,697 79
37,930 79
3,000 00
1,562 37
18,073 65
418 60
27,329 03
228 13
1,595 30
23,598 55
$522,102 30
1,773,499 31
$891,927 46
14,200 00
683,114 97
80,294 46
88,217 74
180
THE DETROIT EIRE AND MARINE INSURANCE CO.
Due from other companies, . . .
Salvage, . . .
Total ledger assets, . . , . . .
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $9,380.19; bonds, $9,498.23; on collateral loans,
$32.90; other assets, $1,294.28,
Market value of bonds over book value, .....
Gross assets, .........
Assets not admitted.
Agents' balances over three months due, . $5,693 09
Due from unauthorized company, . . . 1,852 94
Salvage, . . . . ' . ■ . . 6,001 26
Total unadmitted assets, . . .
Total admitted assets, ......
Liabilities.
Unpaid losses, including $11,185 resisted, $82,014.20; less rein-
surance, $9,150.48, . .
Unearned premiums on outstanding risks, $433,365.23; plus
same on disallowed reinsurance, $150, .....
59,743 42
6,001 26
,773,499 31
20,205 60
9,440 61
.,803,145 52
All liabilities, except capital and surplus, .
Surplus to policy holders, ....
Paid-up capital, ......
Surplus over capital and general liabilities,
.,283,219 28
Total liabilities,
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
- 13,547 29
$1,789,598 23
$72,863 72
433,515 23
$506,378 95
500,000 00
783,219 28
1,789,598 23
Risks and Premiums.
Premiums.
$55,229,731 00 $637,174 48
55,778,641 00 666,795 39
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Marine risks outstanding Dec. 31, 1905,
Marine risks written during 1906, .
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
111,008,372 00 $1,303,969 87
41,706,487 00 501,309 43
,301,885 00 $802,660 44
4,680,039 00 53,445 25
,621,846 00 $749,215 19
51,066,461 00 $35,226 66
9,099,554 00 78,056 30
,166,015 00 $113,282 96
9,043,467 00 70,582 90
,122,548 00 $42,700 06
120,500 00 2,269 94
$1,002,048 00 $40,430 12
THE DETROIT FIRE AND MARINE INSURANCE CO.
181
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,
Schedule A. Bonds owned by the Company
$10,180,663 00
5,158,629 00
208,242 00
51,939 00
1,328,500 00
350,000 00
50,000 00
107,100 00
Government Bonds.
United States 2s, 19,30,
State and Municipal Bonds
Arizona 4s, 1956 op. 1926,
Detroit, Mich., 4s, 1921,
" , 3*s, 1929,
, 3*s, 1930,
, 4s, 1922,
, 3*s, 1916,
, 3*s, 1911,
, 3.65s, 1918,
, 4s, 1919,
, 4s, ] 920,
, 4s, 1922,
, 4s. J 924,
, 4s, 1926,
, 4s, 1924,
, 3*s, 1932,
, 3*s, 1926,
, 3*s, 1927,
Detroit
Detroit
Detroit
Detroit
Detroit
Detroit
Detroit
Detroit
Detroit
Detroit
Detroit
Detroit
Detroit
Detroit
Detroit
Mich
Mich
Mich
Mich.
Mich.
Mich.
Mich.
Mich.
Mich.
Mich.
Mich.
Mich.
Mich
Mich.
Mich
Hawaii 4s, 1908,
Hawaii 3*s, 1921, .
Saginaw, Mich., 4s, 1907,
Mich., 4s, 1908,
Mich., 4s, 1909,
Mich., 4s, 1910,
Mich., 4s, 1911,
Mich., 4s, 1912,
Mich., 4s, 1913,
Mich., 4s, 1914,
Mich., 4s, 1915,
Mich., 4s, 1907,
Mich., 4s, 1908,
Mich., 4s, 1909,
Mich., 4s, 1910,
Mich
Mich
Mich
Mich
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
Saginaw
4s, 1911,
4s, 1912,
4s, 1913,
4s, 1914,
Mich., 4s, 1915,
Mich., 3*s, 1907,
Mich., 3*s, 1908,
Mich., 3*s, 1909,
Mich., 3*s, 1910,
Mich., 3*s, 1911,
Mich., 3*s, 1912,
Mich., 3*s, 1913,
Mich., 3*s, 1914,
Mich., 3*s, 1915,
Mich., 4s, 1907, .
Mich., 4s, 1908, .
Mich., 4s, 1909, .
Mich., 4s, 1910, .
Mich., 4s, 1911, .
Mich., 4s, 1912, .
Mich., 4s. 1913, .
Mich., 4s, 1914, .
Book Value.
$52,500 00
26,687 50
10,565 00
9,000 00
22,000 00
26,492 50
38,000 00
30,000 00
3.060 00
47J299 50
42,136 00
37,054 50
61,729 40
26,740 00
10,643 00
52,000 00
12,000 00
8,000 00
4,020 00
57,000 00
357 24
357
357
357
357
357
357
357
357
1,018
1,018
1,018
1,018
1,018
1,018
1,018
1,018
2,551
500
500
500
500
500
500
500
500
500
1,018
1,018
1,018
1,018
1,018
1,018
1,018
1,018
24
24
24
24
25
25
25
25
50
50
50
50
50
50
50
50
37
00
00
00
00
00
00
00
00
00
50
50
50
50
50
50
50
50
Rate.
104*
94X
108f
103|
104
108|
102
101
103f
107f
107|
108!
1091
110*
109|
104*
103*
103f
101
100
100
100
100
100
100£
100*
101
ioi!
101*
100
100
100
100
100*
100$
101
ioi!
101*
100
99*
99
98*
98*
98*
98
98
97!
100
100
100
100
100*
100*
101
ioi!
Market Value.
552,250 00
23,718 75
10,837 50
9,348 75
22,880 00
27,218 75
38,760 00
30,300 00
3,112 50
48,318 75
43,150 00
38,106 25
63,655 00
27,625 00
10,975 00
54,210 00
12,420 00
8,290 00
4,040 00
57,000 00
350 00
350
350
350
351
352
353
353
354 38
1,000 00
1,000
1,000
1,000
1,005
1,007
1,010
1,011
2,531
500
497
495
493
492
491
490
490
489
1,000
1,000
1,000
1,000
1,005
1,007
1,010
1,011
00
00
00
75
63
50
94
00
00
00
00
50
00
25
25
00
50
00
75
50
25
00
00
38
00
00
00
00
00
50
00
25
182
DIXIE FIRE INSURANCE CO.
Miscellaneous Bonds.
Adams Transportation Co. 5s, 1907,
Adams Transportation Co. 5s, 1908,
American Steamship Co. 5s, 1907,
Bliss Cook Oak Co. 6s, 1908,
Bliss Cook Oak Co. 6s, 1909,
Bliss Cook Oak Co. 6s, 1911,
Bliss Cook Oak Co. 6s, 1909,
Bliss Cook Oak Co. 6s, 1910.
Detroit City Gas Co. 5s, 1923,
Kellar Transit Co. 5s, 1910,
Lakewood Steamship Co. 5s, 1912,
Lakewood Steamship Co. 5s, 1913,
Minerva Steamship Co. 5s, 1910,
Monroe Transportation Co. 5s, 1907, .
Peninsular Sugar Refining Co. 5s, 1910,
Port Blakely Mills Co. 6s, 1908,
Port Blakely Mills Co. 6s, 1909,
Stewart Transportation Co. 5s, 1911,
Yosemite Steamship Co. 5s, 1915,
Yosemite Steamship Co. 5s, 1916,
Yosemite Steamship Co. 5s, 1917,
Book Value.
Rate.
Market Value.
$4,000
00
100
$4,000 00
4,000
00
100
4,000 00
4,000
00
100
4,000 00
1,000
00
1001
1,005 00
1,000
00
102
1,020 00
3,000
00
103
3,090 00
3,000
00
102
3,060 00
2,000
00
103
2,060 00
9,875
00
99
9,900 00
1,000
00
100
1,000 00
5,000
00
100
5,000 00
2,000
00
100
2,000 00
5,000
00
100
5,000 00
5,000
00
100
5,000 00
5,000
00
100
5,000 00
2,500
00
100
2,500 00
2,500
00
100
2,500 00
10,000
00
100
10,000 00
3,000
00
100
3,000 00
4,000
00
100
4,000 00
3,000
00
100
3,000 00
$683,114
97
$692,555 58
DIXIE FIRE INSURANCE COMPANY, GREENSBORO, N. C.
Incorporated March, 1906. Commenced business September, 1906.
Paid-up Capital, $500,000.
JAS. B. BLADES, President. JAS. F.'COBB, Secretary
Home Office, 125 South Elm Street.
Income.
Net fire premiums, .......
Interest on bonds, $3,333.77; all other, $4,083.98, .
Premium on capital, .......
$171,251 41
7,417 75
250,000 00
Total income, . .
Ledger assets, September, 1906,
Total, .......
Disbursements.
Net amount paid for fire losses,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Taxes and fees, .....
Organization expenses, ....
Advertising, printing and stationery,
Furniture and fixtures, ....
Maps, ......
Postage, express, telegrams and telephone, etc
Commercial reports, ....
Traveling expenses, ....
All other disbursements,
Total disbursements,
Balance, .....
Bonds (schedule A),
Cash in banks and office,
Ledger Assets.
$428,669 16
500,000 00
$928,669 16
$2,903 05
45,752 04
5,396 85
4,811 29
2,629 89
4,439 48
1,524 52
270 00
1,216 69
425 00
1,437 52
428 79
$71,235 12
$857,434 04
$442,770 42
329,049 77
DIXIE FIRE INSURANCE CO.
183
Agents' balances,
$85,613 85
Total ledger assets,
Non-Ledger Assi
Interest due, .....
Printing, stationery, furniture and fixtures,
ETS.
TED.
$5,820 16
6,666 35
4,770 42
$857,434 04
2,005 96
5,820 16
Gross assets, .....
Assets not admii
Printing, stationery, furniture and fixtures,
Special deposits less $4,433 . 65 liability thereon,
Book value of bonds over market value,
Total unadmitted assets,
$865,260 16
17,256 93
439 . 67 ; less rein-
or accrued,
$736,170 18
UMS.
. $12,709,762 00
1,200,863 00
. $11,508,899 00
222,015 00
Total admitted assets,
Liabilities.
Unpaid losses, including $694.43 resisted, $12,
surance, $3.37, .
Unearned premiums on outstanding risks,
Salaries and other miscellaneous expenses, due
$848,003 23
$12,436 30
99,096 75
300 00
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$111,833 05
500,000 00
236,170 18
Total liabilities, ....
Risks and Premi
Fire risks written during 1906,
Risks expired and terminated,
$848,003 23
Premiums.
$196,538 17
14,493 02
In force at end of year, ....
Amount reinsured, ....
$182,045 15
3,750 64
Net amount in force, .... $11,286,884 00
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. Bonds owned by the Company.
Government Bonds. Book Value. Rate.
Philippine Islands 4s, 1934, . . . . $89,324 45 109
Philippine Islands 4s, 1934, .... 22,531 11 109
United States 2s, 1930, . . . . 104,375 00 104£
United States 2s, 1930, . • . . . - . 104,406 25 104^
United States (P. I.) 4s, 1934, .... 33,299 17 109
United States 4s, 1936, 22,199 44 109|
State and Municipal Bonds.
Georgia 4£s, 1915, 11,260 00 111
Manilla, P. I., 4s, 1935, op. 1915, . . . 55,375 00 108*
$178,294 51
$196,538 00
2,903 00
14,497 00
252,900 00
Market Value.
.$87,200 00
21,800 00
104,500 00
104,500 00
32,700 00
21,950 00
11,100 00
54,250 00
$442,770 42
$438,000 00
184
DUTCHESS FIRE INSURANCE CO.
DUTCHESS FIRE INSURANCE COMPANY, POUGHKEEPSIE, N. Y.
', Incorporated Aug. 18, 1906. Commenced business Aug. 22, 1906.
Paid-up Capital, $200,000.
L. H. VAIL, President. J. J. GRAHAM, Secretary.
Home Office, 89 Market Street.
Income.
93; stocks and bonds, $5,012.48,
Net fire premiums,
Interest on mortgage loans,
Total income, .....
Ledger assets, Aug. 22, 1906, ....
Total,
Disbursements.
Net amount paid for fire losses,
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees,
Rents, .......
Taxes and fees, . .
Legal expenses, . . .
Advertising, printing and stationery,
Postage, express and telegrams,
Traveling expenses, .....
All other disbursements, ....
Total disbursements, ....
Balance, ......
Ledger Assets.
Mortgages, .......
Stocks and bonds (schedule A),
Cash in banks and office, ....
Agents' balances, ......
Total ledger assets, ....
Non-Ledger Assets.
Interest accrued : —
On mortgages, $134.67; bonds, $1,776.62,
Market value of stocks and bonds over book value,
Gross assets, . . ....
Liabilities.
Unpaid losses, including $800 resisted, $24,180.62; less rein-
surance, $1,143.82, . . . _ .
Unearned premiums on outstanding risks,
Due for reinsurance, . . .
All liabilities, except capital and surplus, ....
Surplus to policy holders, .... $241,511 59
$361,221 88
5,017 41
$366,239 29
•
200,000 00
•
$566,239 29
$23,841 07
33,251 84
1,873 33
150 00
1,369 18
300 00
1,066 60
647 40
342 81
15 07
$62,857 30
$503,381 99
$7,600 00
. . .
404,792 64
.
52,773 88
.
38,215 47
.
$503,381 99
1,911 29
.
802 36
.
$506,095 64
; less rein-
. . •
$23,036 80
. . .
241,456 35
•
90 90
$264,584 05
DUTCHESS FIRE INSURANCE CO.
185
Paid-up capital, .....
Surplus over capital and general liabilities,
Total liabilities, ....
$200,000 00
41,511 59
$506,095 64
Risks and Premiums.
Premiums.
Fire risks written during 1906, . . . $51,898,446 00 *$552,089 04
Risks expired and terminated, . . . 7,819,249 00 46,806 26
In force at end of year, .
Amount reinsured,
Net amount in force,
$44,079,197 00
603,827 00
$505,282 78
9,677 97
$43,475,370 00 $495,604 81
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,
$361,222 00
23,841 00
46,584 00
116,500 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
200 shares Baltimore & Ohio, common,
100 " Erie, first preferred, ....
100 " Louisville & Nashville,
200 " Pennsylvania, .....
Bank Stocks.
10 shares Fallkill National, Poughkeepsie, N. Y.,
20 " Farm. & Mfrs. N'l, Poughkeepsie, N. Y.,
10 " Merchants' Nat'l, Poughkeepsie, N. Y.,
Miscellaneous Stocks.
100 shares American Express Co.,
150 " General Electric Co.,
100 " National Lead Co., preferred,
Municipal Bonds.
Buffalo, N. Y., 3*s, 1920, .
Long Island, N. Y., 4*s, 1914,
New York, N. Y., 3*s, 1910
New York, N. Y., 3*s
New York, N. Y., 3*s
New York, N. Y., 3*s
New York, N. Y., 3*s
New York, N. Y., 3s,
New York, N. Y., 3*s
New York, N. Y., 3*s
New York, N. Y., 3*s
New York, N. Y., 3*s
New York, N. Y., 3*s
New York, N. Y., 3*s
New York, N. Y., 3*s
New York, N. Y., 3*s
New York, N. Y., 3*s
New York, N. Y., 3*s
New York, N. Y., 3*s
1920,
1920,
1920,
1922,
1923,
1926,
1927,
1928,
1928,
1929,
1940,
1940,
1940,
1940,
1941,
1953,
Poughkeepsie, N. Y., 3s, 1907-1930,
Poughkeepsie, N. Y., 3*s, 1923,
Railroad Bonds.
Chesapeake & Ohio 4*s, 1992, .
Detroit United 4*s, 1932, .
Iowa Central 5s, 1938,
Lake Erie & Western 5s, 1941, .
Book Value.
$23,600 00
7,550 00
14,700 00
13,700 00
1,500 00
4,000 00
1,500 00
23,500 00
25,500 00
10,100 00
18,900 00
5,187 50
3,940 00
9,600 00
28,800 00
19,200 00
2,865 00
2,707 25
1,914 39
1,890 00
4,725 00
3,780 00
9,430 00
7,440 00
3,720
930
930
927
4,625
40,661
00
00
00
50
00
00
9,395 00
5,362 50
4,700 00
10,900 00
11,075 00
Rate.
119*
75
143*
138|
160
220
150
240
160
102*
98
104
98*
96
96
96
95*
89f
94|
94*
94i
94*
94*
92f
92*
92f
92|
92*
91*
91f
95i
103f
89*
112
110
Market Value.
S23,900 00
7,500 00
14,312 50
13,837 50
1,600 00
4,400 00
1,500 00
24,000 00
24,000 00
10,250 00
19,600 00
5,200 00
3,940 00
9,600 00
28,800 00
19,200 00
2,865 00
2,681
1,892
1,890
4,712
3,770
9,412
7,410
3,705
926
926
925
4,575
42.032
25
50
00
50
00
50
00
00
25
25
00
00
50
9,525 00
5,181 25
4,475 00
11,200 00
11,000 00
* Includes all premiums of the Dutchess Insurance Company in force at time of reinsurance
and on which this company carries the same liability for unearned premiums which the old Dutchess
would have maintained had it retained the risks.
186
THE EAGLE FIRE COMPANY OF NEW YORK.
Lehigh & Wilkesbarre Coal Co. 4^s, 1910, .
St. Louis, Iron Mountain & Southern 5s, 1931,
Southern Pacific (Central Pacific coll.) 4s, 1949, .
Tennessee Coal, Iron & R.R. 5s, 1951,
West Pennsylvania 5s, 1931,
Miscellaneous Bonds.
American Writing Paper Co. 5s, 1919,
Brooklyn Union Gas Co. 5s, 1945,
Chicago Gas Light & Coke Co. 5s, 1937,
Poughkeepsie Electric Light & Power Co. 5s, 1914,
Western Union Telegraph Co. 4^s, 1950,
Book Value.
Rate.
Market Value.
$5,075 00
99
$4,950 00
11,412 50
113£
11,350 00
9,200 00
89
8,900 00
4,750 00
96
4,800 00
5,050 00
99
4,950 00
4,250 00
87
4,350 00
5,350 00
106i
5,325 00
10,400 00
104
10,400 00
4,900 00
97
4,850 00
5,150 00
99£
4,975 00
$404,792 64
$405,595 00
THE EAGLE FIRE COMPANY OF NEW YORK, NEW YORK, N. Y.
Incorporated April 22, 1806. Commenced business Aug. 6, 1806.
* Paid-up Capital, $300,000.
THEO. H. PRICE, President. CHAS. R. WATSON, Secretary.
Home Office, 82 Beaver Street.
Income.
Net fire premiums, .......
Interest on collaterals, $236.11; stocks and bonds, $13,090.47
all other, $14,501.48, . ' .
Rents, .....
Profit on sale of stocks and bonds, .
Cash deposited in lieu of agents' bond,
Premium on increase in capital,
,914.
82,
Total income, .......
Ledger assets, Dec. 31, 1905, plus $600,000 increase of capital,
Total, .
Disbursements.
Net amount paid for fire losses,
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees,
Rents, .......
Repairs and expenses on real estate,
Real estate taxes, $723 . 26 ; other taxes and fees, $23
Loss on sale of stocks, . .
Printing, stationery and supplies, .
Advertising and newspapers, ....
Furniture and fixtures, .....
Maps, surveys and inspections,
Profit and loss, ......
Traveling expenses, .....
All other disbursements, ....
Total disbursements, ....
Balance, ......
$475,276 66
27,828 06
1,999 98
23,751 18
1,000 00
150,000 00
$679,855 88
1,621,951 .63
$2,301,807 51
$698,225 74
110,707 48
58,715 96
4,866 72
557 28
24,638 08
4,229 00
11,888 95
3,224 93
1,866 11
8,414 11
291 98
12,475 31
13,801 26
$953,902 91
$1,347,904 60
* Cash capital Dec. 31, 1905,
Increase of capital during 1906,
Total,
Decrease in cash capital during 1906 without distribution of assets,
Cash capital Dec. 31, 1906,
$300,000 00
600,000 00
$900,000 00
600,000 00
$300,000 00
THE EAGLE FIRE COMPANY OF NEW YORK.
187
Ledger Assets.
Real estate, .......
Stocks and bonds (schedule A),
Cash in banks and office, ....
Agents' balances, ......
Total ledger assets, ....
Non-Ledger Assets.
Interest accrued on bonds, ....
Market value of real estate over book value,
Due from other companies, ....
Gross assets, ......
Assets not admitted.
Agents' balances over three months due, .
Special deposits less $10,190 . 68 liability thereon,
Book value of stocks and bonds over market value,
Due from unauthorized company, .
Total unadmitted assets,
Total admitted assets, .......
Liabilities.
Unpaid losses, including $8,507.98 resisted, $235,759.52; less
reinsurance, $25,137.80,
Unearned premiums on outstanding risks,
Dividends due stockholders, .
Salaries and other miscellaneous expenses, due or accrued,
Due for reinsurance, ....
Cash deposited in lieu of agents' bond,
$56,000 00
491,323 62
746,402 06
54,178 92
$1,347,904 60
3,005 00
9,000 00
7,561 77
,367,471 37
$269 96
834 32
4,113 62
246 36
5,464 26
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$763,807 82
Total liabilities,
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
,362,007 11
$210,621 72
370,469 49
2,826 24
12,500 00
781 84
1,000 00
$598,199 29
300,000 00
463,807 82
1,362,007 11
Risks and Premiums.
Premiums.
$41,639,755 00 $548,486 15
68,887,194 00 875,057 41
Total, .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$110,526,949 00 $1,423,543 56
53,436,748 00 701,721 03
$57,090,201 00 $721,822 53
7,608,693 00 89,453 24
$49,481,508 00 $632,369 29
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
$10,339,563 00
. 5,259,998 00
188
EASTERN FIRE INSURANCE CO.
Fire losses incurred during the year,
Cash dividends declared from organization of company,
Company's stock owned by directors,
Railroad Stocks.
10 shares Delaware & Hudson,
100 " Lake Shore & Michigan Southern,
1,000 " Sterling Iron & R'y Co. of N. Y.,
Bank Stocks.
50 shares Bank of New York,
100 " Mutual Alliance Trust Co., N. Y.,
25 " Phenix National, N. Y., .
Miscellaneous Stocks.
7 shares American Express Co., N. Y., .
500 " Consolidated Gas Co., N. Y., .
200 " Inter. Mer. Marine Co., N. J., pref.,
300 " The Mackay Co.'s, preferred, .
100 " The Mackay Co.'s, common,
State Bonds.
Georgia 4*s, 1915, .....
Georgia 3*s, 1930,
Railroad Bonds.
Canada Southern 5s, 1913,
Chicago, Great Western 5s, 1909,
Florida Southern 4s, 1945,
Minneapolis, St. Paul & Sault St. Marie 4s, 1938,
Missouri, Kan. & Texas 1st mortgage 4s, 1990,
Mobile & Ohio (St. Lo. & Cairo Div.) 4s, 1930,
Southern R'y (Mobile & Ohio coll.) 4s, 1938,
Wabash 4*s, 1910,
Miscellaneous Bonds.
Consolidated Indiana Coal Co. 5s, 1935,
La Crosse, Wis., Gas & Electric Co. 5s, 1921,
N. Y. & Westchester Light Co. 4s, 2004,
.
.
.
$855,376 00
of company
5,298,808
209,150
00
00
J OWNED BY THE
COMP
ANY.
Book Value.
Rate.
Market Value.
$2,200
00
222
$2,220
00
27,500
00
335
33,500
00
100,000
00
112
112,000
00
16,006
25
315
15,750
00
21,500
00
210
21,000
00
875
00
160
800
00
1,725
50
240
1,680
00
84,837
50
138
69,000
00
6,050
00
30
6,000
00
21,487
50
68*
20,550
00
7,150
00
70*
7,050
00
5,687
50
111
5,550
00
5,512
50
109*
5,475
00
12,525
00
103
12,360
00
10,000
00
100
10,000
00
26,260
00
97
26,190
00
25,250
00
99*
24,875
00
15,206
25
97*
14,625
00
15,037
50
91*
13,725
00
7,810
00
94
7,520
00
24,671
87
97
24,250
00
24,781
25
99
24,750
00
2,000
00
97
1,940
00
27,250
00
88
26,400
00
$491,323
62
$487,210
00
EASTERN FIRE INSURANCE COMPANY, ATLANTIC CITY, N. J.
Incorporated Oct. 4, 1902. Commenced business Oct. 21, 1902.
Paid-up Capital, $200,000.
ARVINE H. PHILLIPS. President. J. HAINES LIPPINCOTT, Secretary.
Home Office, Corner Atlantic and N. North Carolina Avenues.
Income.
Net fire premiums, ........ $239,593 13
Interest on mortgage loans, $12,971.09; collaterals, $1,239.66;
bonds, $5,650; all other, $749.79, 20,610 54
Total income, .....
Ledger assets, Dec. 31, 1905, ....
Total, . . . . . . n .
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, ......
Advertising, printing and stationery,
$260,203 67
449,111 49
$709,315 16
$109,448 21
18,000 00
96,216 51
4,620 00
1,000 00
1,418 89
1,074 58
EASTERN EIRE INSURANCE CO.
189
Furniture and fixtures, .....
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, $2,474.47; bonds, $2,793.75; other assets,
$366.80,
Market value of bonds over book value, .....
Gross assets, . .
Assets not admitted.
Agents' balances over three months due, ....
Total admitted assets, .......
Liabilities.
Unpaid losses, $86,002.66; less reinsurance, $1,074.26,
Unearned premiums on outstanding risks, ....
Due for reinsurance, ........
$140 50
1,364 16
All liabilities, except capital and surplus,
Surplus to policy holders, . .
Paid-up capital, .....
Surplus over capital and general liabilities,
$250,664 27
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$14,363,874 00
22,779,140 00
$37,143,014 00
17,140,187 00
$20,002,827 00
567,187 00
$233,282 85
$476,032 31
$191,350 00
20,500 00
148,500 00
72,792 66
42,889 65
$476,032 31
5,635 02
234 38
$481,901 71
817 33
$481,084 38
$84,928 40
144,380 72
1,110 99
$230,420 11
200,000 00
50,664 27
$481,084 38
Premiums.
$202,824 22
298,944 24
$501,768 46
231,791 59
$269,976 87
7,820 92
$19,435,640 00 $262,155 95
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year,
$618,508 00
225,635 00
176,136 00
190
EMPIRE CITY FIRE INSURANCE 06.
Cash dividends declared from organization of company,
Dividends declared during the year (9 per cent.),
Company's stock owned by directors, .....
Schedule A. Securities held as Collateral.
Company's
Market Value.
50 shares Marine Trust Co., Atlantic City, N. J.,
200 " W. Jersey Title & Guar. Co., Atlantic City, N. J.,
13 " Second National Bank, Atlantic City, N. J.,
27 " Atlantic Safe Dep. & Tr. Co., Atlantic City, N. J.,
$8,500 00
11,000 00
3,900 00
10,800 00
$60,000 00
18,000 00
45,033 00
Loaned
Thereon.
$5,000 00
10,000 00
5,500 00
$34,200 00 $20,500 00
Schedule B. Bonds owned by the Company.
County and Municipal Bonds.
Atlantic City, N. J., 4s, 1921, .
Atlantic City, N. J., 4s, 1908, .
Atlantic City, N. J., 4s, 1909, .
Essex County, N. J., 4s, 1924, .
Hudson County, N. J., 4s, 1924,
Jersey City, N. J., 5s, 1908,
Jersey City, N. J., 5s, 1909,
Jersey City, N. J., 5s, 1912,
Pleasantville, N. J., School Dist. 4s, 1907,
Pleasantville, N. J., School Dist. 4s, 1912,
Pleasantville, N. J., School Dist. 4s, 1917,
Pleasantville, N. J., School Dist. 4s, 1922,
Railroad Bonds.
Altoona & Logan Valley Electric 4£s, 1933,
Camden & Suburban 5s, 1946, .
Toledo Railway & Terminal 4^s, 1954,
Book Value.
$50,000 00
5,000 00
5,000 00
10,000 00
10,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
7,500 00
10,000 00
11,000 00
10,000 00
$148,500 00
Rate.
100
100
100
102£
101i
100*
10l|
104£
98f
98|
98f
98*
110
90
Market Value.
$50,000 00
5,000 00
5,000 00
10,250 00
10,125 00
5,025 00
5,075 00
5,225 00
4,918 75
4,918 75
4,918 75
7,378 13
9,800 00
12,100 00
9,000 00
$148,734 38
EMPIRE CITY FIRE INSURANCE COMPANY, NEW YORK, N. Y.
Incorporated October, 1850. Commenced business Oct. 5, 1850.
Paid-up Capital, $200,000.
DAVID J. BURTIS, Jr., President. ERNEST L. ALLEN, Secretary.
Home Office, 95 William Street.
Income.
Net fire premiums, . . , . . . . . $431,738 77
Interest on mortgage loans, $381 .18; stocks and bonds, $12,000;
allother, $1,508.96, 13,890 14
Total income, .
Ledger assets, Dec. 31, 1905, .
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,
Advertising and stationery,
Maps and furniture,
Telephone, .
Legal expenses,
$445,628 91
458,617 25
$904,246 16
$215,445 82
12,000 00
111,220 67
13,422 42
1,500 00
3,020 12
639 32
577 11
72 55
822 56
EMPIRE CITY FIRE INSURANCE CO.
191
Underwriters' boards and patrol,
All other disbursements, ....
Total disbursements, ....
Balance, ......
Ledger Assets.
Mortgages, .......
Stocks and bonds (schedule A),
Cash in banks and office, ....
Agents' balances, ......
Total ledger assets, ....
Assets not admitted.
Book value of stocks and bonds over market value,
Total admitted 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,
,873 44
497 20
$273,301 20
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$25,888,977
42,946,453
$361,091 21
$543,154 95
$76,000 00
338,373 47
22,189 92
106,591 56
$543,154 95
24,798 47
$518,356 48
$32,962 00
212,093 28
$245,055 28
200,000 00
73,301 20
$518,356 48
Premiums.
00 $344,484 60
00 560,108 39
$68,835,430
36,561,132
00 $904,592 99
00 461,853 99
$32,274,298
1,784,795
00 $442,739 00
00 27,912 35
$30,489,503 00 $414,826 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,
Dividends declared during the year (6 per cent.),
Company's stock owned by directors,
Schedule A. Stocks and Bonds owned by the
Railroad Stocks. Book Value.
100 shares Pennsylvania, ..... $7,075 00
Bank Stocks.
50 shares Am. Exchange Nat., New York, N. Y., 8,737 50
$5,574,746 00
2,497,883 00
222,623 00
951,000 00
12,000 00
76,900 00
Company.
Bate. Market Value.
138| $6,918 75
247
12,350 00
192
ENTERPRISE MUTUAL FIRE INSURANCE CO.
Miscellaneous Stocks.
50 shares Consolidated Gas Co.,
5 " Underwriters Salvage Co.,
Municipal Bonds.
New York, N. Y., 3£s, 1940,
New York, N. Y., 3£s, 1928,
New York, N. Y., 3£s, 1928,
New York, N. Y., 3£s, 1954,
New York, N. Y., 3s, 1914,
Railroad Bonds.
Atchison, Topeka & Santa Fe 4s, 1995, gen. mort.,
Chesapeake & Ohio 4£s, 1992, .
Erie (Pennsylvania collateral), 4s, 1951,
Lake Shore & Michigan Southern 3^-s, 1997,
Lake Shore & Michigan Southern 4s, 1928,
Reading Co. & Phila. & Read. C. & I. Co., 4s, 1997,
Book Value.
Rate.
Market^ Value.
$9,168
75
.138
$6,900 00
500
00
100
500 00
118,593
75
92f
106,518 75
51,062
50
94^
47,125 00
40,850
00
94i
37,700 00
20,618
47
91f
18,275 00
20,000
00
94
18,800 00
10,387
50
100
10,000 00
10,912
50
103|
10,362 50
9,512
50
89|
8,975 00
10,280
00
94^
9.450 00
10,300
00
98
9,800 00
10,375
00
99
9,900 00
$338,373
47
$313,575 00
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 Weybosset Street.
Income.
Net premiums, $312,089 46
Interest on stocks and bonds, $12,026.50; all other, $1,154.85, . 13,181 35
Dividend Lime Rock National Bank, in liquidation, . . . 500 00
Total income, .....
Ledger assets, Dec. 31, 1905, ....
Total, . . .■'-.
Disbursements.
Net amount paid for losses, ....
Profits on terminated policies,
Salaries, fees, etc., of officers and employees,
Rents,
Taxes and fees, ......
Reduction in book value of stocks and bonds, .
Inspections, . . . . .
Total disbursements, . .
Balance, ......
Ledger Assets.
Stocks and bonds (schedule A),
Cash in banks, . . .
Premiums in course of collection,
Total ledger assets, ....
Non-Ledger Assets.
Interest due and accrued on bonds,
Market value of stocks and bonds over book value,
Gross assets, .
$325,770 81
314,857 74
$640,628 55
$12,586 60
249,696 30
4,839 93
1,207 98
5,387 92
1,210 02
4,832 58
$279,761 33
$360,867 22
$328,760 00
26,002 80
6,104 42
$360,867 22
$395 00
2,761 88
$364,024 10
ENTERPRISE MUTUAL FIRE INSURANCE CO.
193
Liabilities.
Unpaid losses, . . . .
Unearned premiums on outstanding risks,
Taxes accrued, ......
All liabilities, except surplus, .
Surplus, .......
Total liabilities, .....
Risks and Premiums.
Amount.
Risks outs'ding Dec. 31, 1905, $32,491,058 00
Risks written during 1906, . 40,592,569 00
$524 54
155,033 95
5,521 31
$161,079 80
202,944 30
$304,024 10
Cash Prem's. Conting't Prem's.
$265,919 61 $1,329,598 05
325,860 83 1,629,304 15
Total, .
Risks expired and terminated,
In force at end of year, .
$73,083,627 00
34,751,256 00
$591,780 44
281,712 54
52,958,902 20
1,408,562 70
$38,332,371 00 $310,067 90 $1,550,339 50
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1906, 93 per cent.
$12,166 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
100 shares Atchison, Top. & Santa F6, pref.,
200
23
30
100
61
Chicago, Great Western, debenture,
Ch., Milwaukee & St. Paul, common,
Ch., Mil- & St. Paul, 1st instal. paid,
Ch., Milwaukee & St. Paul, pref.,
Ch., Mil. & St. Paul, 1st instal. paid,
, Milwaukee & St. Paul, • .
123 rights Chic
100 shares Cleveland, Cinn., Ch. & St. L., pref.,
100 '
100
40
200 '
100
130
100
100
127
500
100
100
200
105
Cleveland & Pittsburg,
Illinois Central,
Illinois Central (leased lines),
Manhattan, ....
Minn., St. P. & S. Ste. Marie, pref.,
Morris & Essex,
New York, New Haven & Hartford,
Northern Pacific,
Old Colony, ....
Pennsylvania, ....
Pittsburg, Bess. & Lake Erie, pref.,
Southern, preferred,
Union Pacific, preferred, .
West End Street,
Municipal Bonds.
Barrington. R. I., note, ....
Boston, Mass., 4s, 1910, .
Boston, Mass., 3£s, 1930, ....
Providence, R. I., 4s, 1925,
Railroad Bonds.
New York, New Haven & Hart. 3£s, 1919-56,
Book Value.
$10,000 00
17,600 00
2,300 00
300 00
17,800 00
610 00
11,500 00
9,500 00
14,700 00
4,000 00
31,300 00
15,850 00
11,375 00
18,250 00
20,200
23,475
31,875
7,700
10,000 00
19,625 00
9,800 00
1,000 00
10,000 00
10,000 00
16,000 00
4,000 00
$328,760 00
00
00
00
00
Rate.
99
80
148|
100
162f
100
33*
110
177
165|
103
142f
168
182
190£
185*
198
138f
145
94
94
184
100
100
96i
1041
112
Market Value.
$9,900 CO
16,000 00
3,424 13
300 00
16,275 00
610 00
4,120 50
11,000 00
8,850 00
16,550 00
4,120 00
28,550 00
16,800 00
11,830 00
19,050 00
18,525 00
25,146 00
34,593 75
7,250 00
9,400 00
18,800 00
9,660 00
1,000 00
10,000 00
9,612 50
15,675 00
4,480 00
$331,521 88
194
EQUITABLE FIBE AND MARINE INSURANCE CO.
EQUITABLE FIRE AND MARINE INSURANCE COMPANY,
PROVIDENCE, R. I.
Incorporated May, 1859. Commenced business September, 1860.
Paid-up Capital, $400,000.
FRED. W. ARNOLD, President. SAMUEL G..HOWE, Secretary.
Home Office, 1 Custom House Street.
Income.
Net fire premiums, $764,466 . 52 ; marine, $21,201 .56, . . $785,668 08
Interest on mortgage loans, $8,582.07; collaterals, $2,224.21;
stocks and bonds, $28,907.79; all other, $3,513.30, . . 43,227 37
Rents, 4,141 88
Profit on sale or maturity of ledger assets, .... 250 00
Dividends, First National Bank in liquidation, . . . 757 00
Profit and loss, ......... 3 10
Borrowed money, . . . ... . . . . 50,000 00
Total income, . . . . - .
Ledger assets, Dec. 31, 1905, . . . .
Total, .
Disbursements.
Net amount paid for fire losses, $653,412.23; marine, $9,234.56,
Interest and dividends to stockholders, .
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees,
Repairs and expenses on real estate,
Real estate taxes, $1,967.13; other taxes and fees, $24,811 .65,
Loss on sale or maturity of bonds, .
Premiums on securities purchased, . . * .
Borrowed money repaid, ....
Interest on borrowed money,
Profit and loss, ......
Office and agency expenses, ....
Total disbursements, ....
Balance, . . . . .
Ledger Assets.
Real estate, $113,000; mortgages, $161,000, .
Stocks and bonds (schedule A),
Cash in banks and office, ....
Agents' balances, ......
Bills receivable,
Total ledger assets, ....
Non-Ledger Assets.
Rents accrued on company's property,
Market value of stocks and bonds over book value,
Gross assets,*
L,047 43
1,196,178 00
$2,080,225 43
$662,646 79
16,000 00
167,839 19
59,471 60
3,637 61
26,778 78
1,650 00
241 52
50,000 00
888 92
1,124 71
53,525 81
$1,043,804 93
$1,036,420 50
$274,000 00
597,675 00
32,186 73
132,066 27
492 50
$1,036,420 50
854 17
96,722 50
,133,997 17
* Including $70,000 special reserve held under Rhode Island law.
EQUITABLE FIRE AND MARINE INSURANCE CO.
195
Assets not admitted.
Agents' balances over three months due, .
$1,018 90
Total admitted assets,
LlABILI
Unpaid losses, including $596.43 resisted
Less reinsurance, ....
Unearned premiums on outstanding risks
Salaries and other miscellaneous expenses
Commissions and other charges due agent
1TES.
.$77,821 65
96 06
, due or accrued,
s and brokers,
)lus, ....
$434,917 34
3,
'remiums.
. $98,128,797 00
. 75,035,472 00
$1,132,978 27
$77,725 59
602,335 34
3,000 00
15,000 00
All liabilities, except capital and surj
Surplus to policy holders,
Paid-up capital, ....
Surplus over capital and general liabilitie
$698,060 93
400,000 00
34,917 34
Total liabilities,
Risks and I
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
$1,132,978 27
Premiums.
$1,217,043 64
963,410 68
Total, . . ...
Risks expired and terminated,
. $173,164,269 00
. 72,334,602 00
. $100,829,667 00
5,605,075 00
$2,180,454 32
964,218 15
In force at end of year, .
Amount reinsured,
$1,216,236 17
67,371 37
Net amount in force,
Marine risks outstanding Dec. 31, 1905,
Marine risks written during 1906, .
. $95,224,592 00
$233,121 00
1,327,803 00
. $1,560,924 00
1,316,018 00
$244,906 00
11,700 00
$1,148,864 80
$15,810 31
23,665 25
Total, . .
Risks expired and terminated,
$39,475 56
22,932 92
In force at end of year, .
Amount reinsured,
$16,542 64
1,007 50
Net amount in force,
$233,206 00 $15,535 14
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 (4 per cent.),
Company's stock owned by directors,
.1,628,523 00
7,153,029 00
660,090 00
14,957 00
825,500 00
16,000 00
78,500 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value. Rate. Market Value.
100~shares Chicago Great Western debenture, . $10,000 00 80 $8,000 00
320" " Illinois Central, .... 32,000 00 165£ 52,960 00
360 " N. Y. Central & Hudson River, . . 36,000 00 131 47,160 00
400 " Pennsylvania, 20,000 00 138| 27,675 00
196
THE FARMERS FIRE INSURANCE CO.
Bank Stocks.
30 shares Industrial Trust Co., Providence, R. I.,
300 " Nat'l Bank of Commerce, Prov., R. I.,
Miscellaneous Stocks.
3 shares General Adjust. Bureau, N. Y., N. Y., .
300 " Narragansett Electric Lighting Co.,
53 " New England Invest. Security Co.,
650 " Providence Gas Co., ....
125 " Providence Telephone Co.,
5 " Underwriters' Salvage Corps,
10 " Underwriters' Salvage Co., Chic, 111., .
50 " Wells, Fargo & Co., .
1 '■' West. Adjust. & Inspec. Co., Chic, 111.,
Government Bonds.
Japan 4£s, 1925, ......
Stale and Municipal Bonds.
Boston, Mass., 4s, 1915, ....
Massachusetts 3s, 1941, ....
Massachusetts 3s, 1941, ....
Railroad Bonds.
Atchison, Topeka & Santa Fe 4s, 1908,
Bridgeport Traction 5s, 1923,
Central of New Jersey car equip. 4s, 1913, .
Chicago, Alton equipment 5s, 1908, .
Chicago, Burlington & Quincy 3^s, 1949,
Columbus, O., Street 5s, 1932, . .
Detroit Electric 5s, 1916, .
East St. Louis & Suburban 5s, 1932, .
Georgia Railway and Electric 5s, 1932,
Lehigh Valley Terminal 5s, 1941,
Milwaukee City 5s, 1908, ....
Milwaukee Electric Railway and Light 5s, 1926,
Missouri Pacific equipment 5s, 1913,
N. Y. Cent. & Hud. R. (Mich. Cent, coll.) 3-|s, 1998
New York, New Haven & Hartford 3£s, 1956,
North Chicago Street 4£s, 1931,
North. Pac-Gt. North. (C, B. & Q.) 4s, 1921,
Pawtucket Electric Co. 5s, 1916,
Pennsylvania Steel equipment 3-£-s, 1907,
Rhode Island and Suburban 4s, 1950,
United Traction & Electric Co., Prov., 5s, 1933,
Utica & Mohawk Valley Street 4U, 1941, .
Miscellaneous Bonds.
Cincinnati Edison Electric Co. 5s, 1917,
Detroit Edison Co. 5s, 1933,
Grand Rapids Gas Light Co. 5s, 1915,
Metropolitan W. W. Co. (Kansas C. P.) 4s, 1919,
Pawtuxet Valley Water Co. 5s, 1907,
Union Steel Co. 5s, 1952, .
United Elec Light & Power Co., Bait.. 4+s, 1929,
Utica Electric Light & Power Co. 5s, 1950,
Book Value.
Rate.
Market Value.
$7,500 00
276
$8,280 00
15,000 00
130
19,500 00
150 00
100
150 00
15,000 00
200
30,000 00
5,300 00
92i
4,902 50
32,500 00
209
67,925 00
6,250 00
210
13,125 00
500 00
100
500 00
1,000 00
100
1,000 00
5,000 00
298
14,900 00
150 00
100
100 00
9,750 00
90
8,775 00
25,000
00
ioh
25,375 00
50,000
00
91
45,500 00
25,000
00
91
22,750 00
10,000
00
99
9,900 00
5,000
00
no*
5,525 00
10,000
00
96
9,600 00
10,000
00
100
10,000 00
3,000
00
92
2,760 00
5,000
00
108
5,400 00
5,000
00
102i
5,125 00
10,000
00
100
10,000 00
5,000
00
102
5,100 00
1 0,000
00
117^
11,750 00
5,000
00
100
5,000 00
20,000
00
107
21,400 00
10,000
00
100
10,000 00
;, 12,000
00
85i
10,260 00
9,575
00
112
8,400 00
5,000
00
72
3,600 00
50,000
00
96|
48,437 50
10,000
00 .
105
10,500 00
20,000
00
98*
19,700 00
15,000
00
93"
13,950 00
10,000
00
108*
10,850 00
5,000
00
103
5,150 00
5,000
00
106
5,300 00
10,000
00
100
10,000 00
5,000
00
100
5,000 00
7,000
00 .
50
3,500 00
10,000
00
100
10,000 00
5,000
00
99 \
4,962 50
10,000
00
95
9,500 00
5,000
00
103
5,150 00
$597,675 00
$694,397 50
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, 58 East Market Street.
Income.
Net fire premiums, $609,809 06
Interest on mortgage loans, $9,446.31; collaterals, $4,807.60;
stocks and bonds, $17,255.44; all other, $3,500.72, . . 35,010 07
Rents, including company's own occupancy, ....
2,269 00
Total income,
$647,088 13
THE FARMERS' FIRE INSURANCE CO.
197
Ledger assets, Dec. 31, 1905, ......
Total, .........
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, $488.10; other taxes and fees, $11,776.27,
Adjustment and general agency expenses,
Agency expenses, .
Legal expenses,
Profit and loss,
Local boards and patrol,
City licenses,
Total disbursements, ....
Balance, ......
Ledger Assets
Real estate, $43,500; mortgages, $232,128.52,
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, $7,968.83; bonds, $1,017.08; collateral
$3,585.55; deposits, $597.50, ....
Rents accrued on company's property,
Market value of stocks and bonds over book value, .
Gross assets, .......
Assets not admitted.
Agents' balances over three months due, .
Total admitted assets, .....
Liabilities.
Unpaid losses, including $9,875 resisted, .
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
Taxes accrued, .......
All liabilities, except surplus,
Surplus, ........
Total liabilities, ......
$810,558 48
$1,457,646 61
$281,893 47
139,265 02
39,889 50
1,800 00
14,274 01
12,264 37
16,162 81
4,495 77
1,038 64
1,108 81
7,504 84
252 70
$519,949 94
$937,696 67
$275,628 52
80,800 00
385,557 32
121,127 28
74,583 55
$937,696 67
loans,
13,168 96
222 50
103,066 12
,054,154 25
3,281 08
,050,873 17
$59,950 40
494,287 27
3,749 69
5,000 00
$562,987 36
487,885 81
1,050,873 17
198
THE FARMERS' FIRE INSURANCE CO.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, .
Risks expired and terminated,
In force at end of year, .
Amount reinsured, . :
$71,485,923 00
51,890,197 00
Premiums.
$891,114 57
659,519 15
$123,376,120 00 $1,550,633 72
45,166,250 00 583,229 89
$78,209,870 00
889,394 00
$967,403 83
10,120 12
Net amount in force,
Perpetual risks in force (not included above),
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year,
$77,320,476 00 $957,283 71
$130,125 00 $3,947 04
$12,514,848 00
. 8,199,276 00
296,194 00
66 shares First National Bank, York, Pa.,
Middletown & Swatara Water Co. bonds,
Middletown & Swatara Water Co. bonds,
33 shares York Gas Co., York, Pa.,
274
51
60
200
50
50
33
10
20
15
York Gas Co., York, Pa.,
York Water Co., York, Pa
York Water Co., York, Pa
York Gas Co., York, Pa.,
Netherlands Tramway Corporation, preferred,
Netherlands Tramway Corporation, common,
York Trust Co., York, Pa.,
York Water Co., York, Pa.,
First National Bank, Wrights ville, York Co., Pa.,
Western National Bank, York, Pa.,
Schedule A. Securities held as Collateral.
Company's
Market Value.
$12,540 00
11,000 00
10,500 00
3,960 00 j
32,880 00
2,040 00
2,400 00
24,000 00
5,000 00
5,000 00
2,640 00
400 00
2,900 00
2,250 00
Loaned
Thereon.
$36,300 00
19,600 00
1,500 00
600 00
12,000 00
6,000 00
1,900 00
250 00
850 00
1,800 00
$123,510 00
$80,800 00
Schedule B. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value. Rate. Market Value.
333 shares Pennsylvania, .... $18,432 00 138| $23,039 44
12 shares Farmers' National, York, Pa., . 1,615 00 187 2,244 00
125 " First National, York, Pa., . . 23,728 35 200 25,000 00
900 " Guardian Trust Co., York, Pa., . 24,503 64 109 24,525 00
50 " York County National, York, Pa., . 2,130 00 237 2,370 00
1,000 " York National, York, Pa., . . 47,167 05 198 49,500 00
Miscellaneous Stocks.
100 shares Carlisle Ave. Market H'se, York, Pa., 1,000 00 80 800 00
628 ". York Gas Co., York, Pa., . . 48,002 50 240 75,360 00
3,000 " York Water Co., York, Pa., . . 75,000 00 189 , 141,750 00
Government Bonds.
United States 4s, 1907, .... . 39,771 88 101 35,350 00
Railroad Bonds.
Lehigh Valley Coal 5s, 1933, . . '. . 10,300 00 110* 11,050 00
Lehigh Valley' 4|s, 1923, 15,337 50 106 15,900 00
Lehigh Valley 4s, 2003, . . . . . 20,021 90 971 19,450 00
Northern Central 4£s, 1925, . . t . 8,640 00 109^ 8.760 00
Philadelphia & Erie 5s, 1920, .... 15,90750 112 16,80000
Potomac Valley 5s, 1941, . . . . 9,250 00 114 11,400 00
Sham., Sun. &Lewisburg 5s, 1912, . . . 9,750 00 104£ 10,450 00
FEDERAL INSURANCE CO.
199
Miscellaneous Bonds.
Central Market House, York, Pa., 4s, 1907,
York Felt & Paper Co., York, Pa., 5s, 1916,
Book Value.
$10,000 00
5,000 00
$385,557 32
Rate. Market Value.
100 $10,000 00
97i 4,875 00
623 44
FEDERAL INSURANCE COMPANY, JERSEY CITY, N. J.
Incorporated Feb. 1, 1901. Commenced business March, 1901.
Paid-up Capital, SI, 000,000.
PERCY CHUBB, President. MAX GRUNDNER, Secretary.
Home Office, 15 Exchange Place.
Income.
Net fire premiums, $497,685.59; marine, $820,164.69, . . $1,317,850 28
Interest on mortgage loans, $1,350; stocks and bonds, $62,601 .67;
all other, $22,379.49,
Profit on sale of bonds, ........
Premium on increase in capital, ...
From all other sources, ........
Total income, . . . . .
Ledger assets, Dec. 31, 1905, plus $500,000 increase in capital, .
Total,
Disbursements.
Net amount paid for fire losses, $716,832.91; marine, $401,-
985.30,
Interest and dividends to stockholders,
Commissions or brokerage, .....
Salaries, fees, etc., of officers and employees,
Rents, ........
Taxes and fees, .......
Loss on sale of bonds, . . . .
Legal expenses, .......
Advertising, printing and stationery,
Subscriptions to papers, etc., .....
Exchange, . . . . . . .
Maps, surveys and inspections, ....
Postage, express, telegrams, etc.,
Auditing accounts, ......
Underwriters' boards, protective associations and patrol,
All other disbursements, .....
Total disbursements, . . .
Balance, . .
Ledger Assets.
Mortgages, ........
Stocks and bonds (schedule A),
Cash in banks, .
Agents' balances, . . .
Deposit with Philadelphia Underwriters' Association,
Total ledger assets, .....
86,331 16
13 34
100,000 00
2,745 83
$1,506,940 61
2,734,168 77
$4,241,109 38
.,118,818 21
50,000 00
312,089 58
77,435 87
3,040 16
29,229 15
• 369 72
1,198 36
8,004 20
1,022 51
555 49
7,680 29
7,977 74
949 45
7,048 35
6,140 17
,631,559 25
5,609,550 13
$30,000 00
1,476,397 80
738,511 76
364,540 57
100 00
52,609,550 13
200
FEDERAL INSURANCE CO.
Non-Ledger Assets.
Interest accrued : —
On mortgages, $112.50; bonds, $16,942.49; other assets,
$1,349.67,
Gross assets, .........
Assets not admitted.
Agents' balances over three months due, . . $25,423 91
Deposit with Philadelphia Underwriters' Ass'n, . - 100 00
Book value of stocks and bonds over market value, . 79,060 55
Total unadmitted assets, . . .
Total admitted assets, .......
Liabilities.
Unpaid losses, including $4,200 resisted, . . $581,551 65
Less reinsurance, ...... 22,271 00
Unearned premiums on outstanding risks, . 500,753 99
Plus same on disallowed reinsurance, . . 10,712 93
Salaries and other miscellaneous expenses, due or accrued,
Commissions and other charges due agents and brokers,
Due for return premiums, $232.59; reinsurance, $16,331 .91,
Reserve for contingencies, carried by company,
$18,404 66
$2,627,954 79
All liabilities, except capital and surplus, .
Surplus to policy holders, ....
Paid-up capital, ......
Surplus over capital and general liabilities,
Total liabilities, .....
,208,224 52
104,584 46
!,523,370 33
$559,280 65
511,466 92
18,698 19
34,135 55
16,564 50
175,000 00
'.1,315,145 81
1,000,000 00
208,224 52
52,523,370 33
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Marine risks outstanding Dec. 31, 1905,
Marine risks written during 1906, .
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,.
,318,322 00
51,863,846 00
,182,168 00
36,156,513 00
$54,025,655 00
7,833,912 00
Premiums.
$488,910 30
692,654 40
1,181,564 70
465,171 36
$716,393 34
96,440 48
$46,191,743 00 $619,952 86
$157,031 59
2,121,381 64
^,867,352 00
832,932,550 00
$871,799,902 00
806,535,064 00
$65,264,838 00
6,437,952 00
$2,278,413 23
2,025,341 84
$253,071 39
28,364 60
$58,826,886 00 $224,706 79
FEDERAL INSURANCE CO.
201
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,
Company's stock owned by directors,
Schedule A. Stocks and Bonds owned by the
Railroad Stocks. Book Value.
100 shares Consolidated Traction Co., N. J., . $6,812 50
Miscellaneous Stocks.
Atlantic Mutual Ins. Co. scrip of 1903, . . 510 61
367 shares New York & New Jersey Tel. Co., . 51,059 50
4 " Pacific Coast Salvage Association, . 500 00
10 " Underwriters' Salvage Co., New York, 1,000 00
County and Municipal Bonds.
East Orange, N. J., 4s, 1933, .... 15,862 50
Elizabeth, N. J., 4s, 1922, .... 50,375 00
Englewood, N. J., 4s, 1935, .... 26,218 75
Essex County, N. J., 4s, 1924, .... 26,437 50
Hudson County, N. J., 4s, 1924, . . .- 51,875 00
Jersey City, N. J., 5s, 1916, .... 63,431 00
Jersey City, N. J., 5s, 1922, .... 13,541 67
Jersey City, N. J., 5s, 1923, .... 12,454 44
New York, N. Y., 3*s, 1948, .... 217,285 00
Passaic County, N. J., 4s, 1922, . . . . 26,125 00
Railroad Bonds.
Baltimore & Ohio prior lien 3*s, 1925, . . 18,533 53
Central of New Jersey 5s, 1987, . . . 13,000 00
Central of N. J. (Am. Dock & Imp. Co.) 5s, 1921, 21,618 47
Chicago & Alton 3s, 1949, . . . 21,172 35
Chicago & Alton 3*s, 1950, .... 7,971 39
Chic, Indianap. & St. Lo. (Short Line) 4s, 1953, . 9,975 00
Choctaw & Memphis 5s, 1949, .... 11,575 00
Consolidated Traction Co., N. J., 5s, 1933, . 27,375 00
Easton & Amboy 5s, 1920, . . . 34,950 00
East Tennessee, Virginia & Georgia 5s, 1956, . 11,813 89
Elgin, Joliet & Eastern 5s, 1941, . . . 11,525 00
Elizabeth, Plainfield & Central N. J. 5s, 1950, . 25,250 00
Erie (Long Dock Division) 6s, 1935, . . 27,021 00
Flint & Pere Marquette 6s, 1920, . . . 12,082 00
Illinois Central 3*s, 1951, .... 14,625 00
Kansas City Southern 3s, 1950, . . . 7,240 00
Kentucky Central 4s, 1987, . 10,011 11
Lehigh Valley Terminal 5s, 1941, . . . 11,850 00
Midland of New Jersey 6s, 1910, . . . 29,406 25
Mobile & Ohio 1st mortgage 6s, 1927, . . 12,876 67
Newark Passenger 5s, 1930, .... 29,507 50
N. Y. Central & Hudson River 3*s, 1997, . . 14,217 75
New York, Chicago & St. Louis 4s, 1937, . . 21,435 56
N. Y., Lake Erie & Western 6s, 1913, . . 29,633 34
N. Y., Phila. & Norfolk 1st mortgage 4s, 1939, . 10,062 50
New York, Susquehanna & Western 5s, 1937, . 58,624 99
Northern Pacific 3s, 2047, .... 15,157 50
North Jersey St. 4s, 1948, . . . . 8,150 00
Paterson Extension 6s, 1910, .... 34,616 25
Pennsylvania convertible 3*s, 1912, . . 23,654 24
Peoria & Eastern 4s, 1940, .... 19,688 06
Port Reading 5s, 1941, . 3,445 00
St. Jo. Ry., Light Heat & Power Co. 5s, 1937, . 9,500 00
Third Avenue 4s, 2000, . . . . . 9,452 50
Toledo & Ohio Central 1st mortgage 5s, 1935, . 11,597 22
Miscellaneous Bonds.
Edison Electric Illuminating Co., N. Y., 5s, 1910, 15,525 00
Edison Electric Illuminating Co., N. Y., 5s, 1995, 11,950 00
$5,554,597 00
3,097,707 00
962,241 00
442,128 00
250,000 00
50,000 00
509,300 00
Company.
Rate. Market Value.
75 $7,500 00
100
128
100
100
lOlf
100
100
102*
101i
107
110f
liH
91$
102|
92i
126
109*
78*
75*
98
114*
105*
111*
116
115
98
128*
113*
98
71*
99
117*
103|
123
111*
93i
lOlf
111*
101
113*
74
.76
105
98
94
112
102
88
113
101
117
500 00
46,976 00
1,000 00
1,000 00
15,243 75
50,000 00
25,000 00
25,625 00
50,625 00
58,850 00
13,290 00
12,237 50
183,750 00
25,562 50
18,450 00
12,600 00
20,805 00
19,625 00
7,550 00
9,800 00
11,450 00
26,375 00
33,450 00
11,600 00
11,500 00
24,500 00
25,700 00
11,350 00
14,700 00
7,150 00
9,900 00
11,750 00
25,937 50
12,300 00
27,875 00
13,987 50
20,350 00
27,812 50
10,100 00
56,625 00
14,800 00
7,600 00
32,550 00
24,500 00
18,800 00
3,360 00
10,200 00
8,800 00
11,300 00
15,150 00
11,700 00
202
FIDELITY FIRE INSURANCE CO. OF NEW YORK.
Gas & Elec. Co., Bergen Co., N. J., 5s, 1949,
Kings County Elec. Light & Power Co. 6s, 1997,
National Starch Co. 6s, 1920, .
Newark Consolidated Gas Co. 5s, 1948,
N. Y. Gas & Elec. Light, Heat & P. Co. 4s, 1949,
New York & New Jersey Telephone Co. 5s, 1920,
Pacific Coast 5s, 1946, .
Sloss Iron & Steel Co. 4£s, 1918,
Syracuse Lighting Co. 5s, 1951,
Trenton Gas & Electric Co. 5s, 1949,
Washington Water Power Co. 5s, 1929,
Washington Water Power Co. 5s, 1908,
Western Union Telegraph Co. 5s, 1938,
Western Union Telegraph Co. 4^s, 1950,
Book Value.
Rate.
Market Value.
$25,062
50
101
$25,250 00
24,661
67
114
22,800 00
10,676
67
8H
8,150 00
26,500
00
106
26,500 00
9,551
11
82
8,200 00
29,774
70
105
27,300 00
11,023
89
110
11,000 00
4,747
50
92^
4,625 00
9,600
00
102
10,200 00
53,000
00
107
53,500 00
10,600
00
106
10,600 00
10,000
00
98
9,800 00
11,247
22
103
10,300 00
10,375
00
99*
9,950 00
1,476,397
80
$1,397,337 25
FIDELITY FIRE INSURANCE COMPANY OF NEW YORK,
NEW YORK, N. Y.
Incorporated June, 1906. Commenced business June 27, 1906.
Paid-up Capital, $1,000,000.
HENRY EVANS, Preside**. £' ^ ^Fp^l n r> ) Secretaries.
Net fire premiums,
Interest on stocks and bonds,
Profit on sale of stocks,
Premiums on capital,
Home Office, Jt6 Cedar Street.
Income.
,679.01; all other, $18,228.91,
Total income, .
Ledger assets, June 27, 1906,
Total, .
Disbursements.
Net amount paid for fire losses,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents, ......
Taxes and fees, .....
Legal expenses, . . . .
Advertising, printing and stationery,
Exchange, ......
Furniture and fixtures, ....
Maps and surveys, ....
Postage, express, telegrams and telephone,
Traveling expenses, etc.,
Local boards, .....
All other disbursements,
Total disbursements,
Balance, . •'. ■
$445,555 74
25,907 92
29,460 00
1,500,000 00
$2,000,923 66
1,000,000 00
$3,000,923 66
$23,589 51
88,266 86
19,843 35
2,463 31
7,447 73
2,996 62
14,409 74
104 48
732 81
18,003 57
3,348 70
2,804 09
401 60
1,776 85
$186,189 22
2,814,734 44
FIDELITY FIRE INSURANCE CO. OF NEW YORK.
203
Ledger Assets.
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Total ledger assets,
Interest accrued on bonds,
Gross assets, .
Non-Ledger Assets.
Assets not admitted.
$2,572,572 00
117,143 32
125,019 12
$2,814,734 44
3,095 00
$2,817,829 44
Agents' balances over three months due, . $399 47
Special deposits less $8,804. 10 liability thereon, 52,368 40
Book value of stocks and bonds over market value, 47,812 00
Total unadmitted assets, . . .
Total admitted assets, .......
Liabilities.
Unpaid losses, $29,245.98; less reinsurance, $115.30,
Unearned premiums on outstanding risks, . $278,616 10
Plus same on disallowed reinsurance, . . 52 38
Salaries and other miscellaneous expenses, due or accrued,
Due for reinsurance, ........
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
1,401,055 17
Total liabilities,
100,579 87
$2,717,249 57
$29,130 68
278,668 48
7,648 47
746 77
$316,194 40
1,000,000 00
1,401,055 17
$2,717,249 57
Risks and Premiums.
Fire risks written since June, 1906,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$39,756,550 00
2,834,899 00
$36,921,651 00
754,270 00
Premiums.
$486,806 96
29,041 53
$457,765 43
6,559 05
$36,167,381 00 $451,206 38
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,
$445,556 00
23,590 00
52,720 00
219,500 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value. Rate. Market Value.
500 shares Atch., Top. & Santa Fe\ common, . $51,358 00 104£ $52,250 00
2,000 " Baltimore and Ohio, common, . 233,863 00 119| 239,000 00
1,000 " Baltimore & Ohio, preferred, . 91,970 00 92| 92,250 00
500 " Chicago & Northwestern, common, 100,818 00 198£ 99,125 00
500 " Chic, St. P., Minn. & Om., preferr'd, 88,619 00 181 90,500 00
204
FIRE ASSOCIATION OF PHILADELPHIA.
Book Value.
Rate.
Market Value.
500 shares Chic, St. P., Minn. & Om., common
$84,338
00
175
$87,500 00
500 '
' Erie, 1st preferred,
38,937
00
75
37,500 00
500 '
' Great Northern, preferred,
123,014
00
181
90,500 00
500 '
' Great North. Iron Ore Properties,
40,000
00
79
39,500 00
500 '
' Hocking Valley, preferred,
47,861
00
93|
46,750 00
300 '
' Hocking Valley, .
37,875
00
117
35,100 00
2,000 '
' Lehigh Valley,
159,150
00
154
154,000 00
500 '
' Louisville & Nashville, .
72,479
00
143|
71,562 50
1,000 '
' Manhattan,
145,323
00
142f
142,750 00
300 '
' Michigan Central,
54,037
00
184|
55,425 00
500 '
' Nashville, Chattanooga & St. Lo.,
70,861
00
140
70,000 00
1,000 '
' N. Y. Central & Hudson River,
129,441
00
131
131,000 00
1,500 '
' Northern Pacific, .
313,200
00
185±
277,875 00
2,000 '
' Pennsylvania,
130,558
00
138$
138,375 00
1,000 '
' Reading Co., 1st preferred,
45,299
00
90
45,000 00
500 '
' Southern, preferred,
49,034
00
94
47,000 00
500 '
' Union Pacific,
State and Municipal Bonds.
74,100
00
180*
90,125 00
Georgia c
5|s, 1917,
10,375
00
104*
10,425 00
New Yor
k, N. Y., 4s, 1936,
203,540
00
1014
203,750 00
Virginia
3s, 1932,
Railroad Bonds.
50,372
00
95|
50,747 50
Delaware & Hudson 4s, 1916, .
26,712
00
107
26,750 00
Pennsylv
ania Co. collateral notes 4-^s, 1907,
99,438
00
100
100,000 00
$2,572,572
00
$2,524,760 00
FIRE ASSOCIATION OF PHILADELPHIA, PHILADELPHIA, PA.
Incorporated March 27, 1820. Commenced business Sept. 1, 1817.
Paid-up Capital, $750,000.
E. C. IRVIN, President. M. G. GARRIGUES, Secretary.
Home Office, 407 Walnut Street.
Income.
Net fire premiums, .....
Deposit premiums on perpetual risks,
Interest on mortgage loans, $80,456.79; collaterals, $2,228.67
stocks and bonds, $188,079; deposits, $3,541.54,
Rents, .......
Profit on sale or maturity of ledger assets,
Profit and loss, ......
Earned deposit premiums, ....
Premium on increase in capital,
Borrowed money, ......
Total income,
Ledger assets, Dec. 31, 1905, plus $250,000 increase in capital,
. $3,931,280 91
65,703 18
! 274,306
29,416
11,119
1,084
5,524
00
16
03
60
13
. 1,250,000 00
570,000 00
. $6,138,434 01
. 6,958,537 76
Total,
Disbursements.
Net amount paid for fire losses,
Deposit premiums returned, . . .
Interest and dividends to stockholders, .
Interest paid to scrip holders, " .
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Repairs and expenses on real estate,
Real estate taxes, $7,322.73; other taxes and fees, $92,222.24,
Loss on sale of real estate, ......
$13,096,971 77
,595,205
86
80,769
91
200,000
00
13,032
00
991,961
28
252,228
76
11,243
43
99,544
97
6,951
76
FIRE ASSOCIATION OF PHILADELPHIA.
205
Legal expenses, . .
Advertising, printing and stationery,
Commission on purchase and sale of securities,
Profit and loss,
Tariff assessments,
Postage, ....
Borrowed money repaid,
Interest paid on borrowed money,
All other disbursements,
Total disbursements, ....
Balance, . . . ...
Ledger Assets.
Real estate, $428,815.33; mortgages, $1,469,284.99,
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, $26,071.70; bonds, $24,153.45; collateral loans,
$2,114.05,
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,
Due from other companies, ....
Gross assets, ......
$681 29
26,689 83
6,908 10
563 95
52,538 10
14,150 94
570,000 00
10,962 57
60,219 94
$5,993,652 69
$7,103,319 08
^1,898,100 32
208,400 00
3,907,485 07
514,203 89
575,129 80
^7,103,319 08
52,339 20
2,750 41
3,159 67
32,232 93
12,861 97
$7,206,663 26
Assets not admitted.
Company's stock owned, .... $10,540 00
Special deposits less $75,989.75 liability thereon, 27,310 25
Due from unauthorized companies, . . 483 69
Total unadmitted assets, . . .
Total admitted assets, ......
Liabilities.
Unpaid losses, including $53,431.82 resisted, . $377,675 96
Less reinsurance, ...... 64,177 04
Unearned premiums on outstanding risks, ....
Reclaimable on perpetual fire policies, .....
All liabilities, except capital and surplus, ....
Surplus to policy holders, .... $2,070,241 78
Paid-up capital, . . . - .
Surplus over capital and general liabilities, ....
Total liabilities, .......
38,333 94
$73168,329 32
$313,498 92
3,041,270 88
1,743,317 74
55,098,087 54
750,000 00
1,320,241 18
$7,168,329 32
206
FIRE ASSOCIATION OF PHILADELPHIA.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, . . . ' .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force, ....
Perpetual risks in force (not included above) ,
$512,312,550 00
414,951,434 00
Premiums.
56,255,293 43
5,177,944 65
$927,263,984 00 $11,433,238 08
401,984,727 00 5,032,663 11
$525,279,257 00
38,474,244 00
),400,574 97
469,727 60
$486,805,013 00 $5,930,847 37
$83,225,663 00 $1,904,027 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, ....
Company's stock owned by directors, ....
Schedule A. Securities held as Collateral.
$74,818,946 00
43,856,856 00
3,639,381 00
7,179,762 00
200,000 00
47,050 00
Mortgage assigned, Syracuse, N. Y.,
259 shares Merchants' National,
75 " United N. J. Railroad and Canal Company-
Diamond State Steel Co. 4s, .
Harrisburg Light, Heat and Power Co. 5s,
25 shares Wilkes-Barre Gas and Electric Co.,
York Traction, Heat and Light Co. participation certificate
100 shares United Gas Improvement Co., .
750 " Philadelphia Electric Co.,
100 " Lehigh Coal & Navigation Co.,
United R'ys Investment Co. 5s,
Pere Marquette R.R. Co. ref. mortgage 4s,
100 shares Atchison, Topeka & Santa Fe R.R.,
200 " United States Steel Co., preferred,
300 " United States Steel Co., common,
50 " Wabash R.R., common, .
Atchison, Topeka & Santa F6 R.R. 4s,
United Railways Investment Co. 5s,
300 shares United States Steel Co., preferred,
100 " Erie R.R., common,
200 " Southern R.R., common,
100 " Reading Co., common,
100 " Atlantic Coast Line, common, .
Columbus, Newark and Zanesville Electric R.R. 5s,
Wilkes-Barre & Hazelton R.R. 5s,
Peoria R.R. 1st ref. mortgage 5s,
Company's
Market Value.
$3,000 00
38,850 00 }
18,843 75 \
5,500 00 J
5,000 00
1,500 00 \
2,500 00 /
9,400 00
6,093 75
10,200 00
1,800 00
810 00
10,500 00
20,950 00
14,475 00
1,000 00
5,520 00
9,000 00
31,425 00
4,300 00
6,400 00
6,687 50
13,500 00
16,830 00
1,970 00
10,000 00
Loaned
Thereon.
$2,800 00
50,000 00
4,100 00
2.500 00
25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
24,000 00
$256,055 00 $208,400 00
Schedule B. Stocks and Bonds
Railroad Stocks.
70 shares Chestnut Hill, ....
306 " Illinois Southern, ....
1,000 " Pennsylvania, ....
331 " Phila., Germantown and Norrist'n,
500 " Philadelphia Traction, .
Bank Stocks.
150 shares Union National, Philadelphia, Pa., .
OWNED BY THE COMPANY.
Book Value. Rate. Market Value.
$6,401 75
7,650 00
68,687 50
30,666 36
28,709 37
36,975 00
130
138|
314
183
240
$4,550 00
69,187 50
51,967 00
45,750 00
36,000 00
FIRE ASSOCIATION OF PHILADELPHIA,
207
Miscellaneous Stocks.
31 shares Fire Association, .
500 " General Asphalt Co. of Am., pref.,
20 " Philadelphia Bourse,
15 " Philadelphia Bourse, pref.,
5 " Underwriters' Salvage Co.,
State and Municipal Bonds.
Atlantic City, N. J., 5s, 1925,
Birmingham, Ala., 6s, 1911,
Birmingham, Ala., 6s, 1922,
Birmingham, Ala., 5s, 1930,
Duluth, Minn., 5s, 1926, .
Georgia, State of, 4^-s, 1911,
Georgia, State of, 4-^-s, 1915,
Petersburg, Va., 5s, 1929,
Portland, Ore., 5s, 1922,
Port of Portland, Ore., 5s, 1922,
Richmond, Va., 4s, 1920-29,
Richmond, Va., 6s, 1907,
Richmond, Va., 6s, 1908,
Richmond, Va., 6s, 1909,
Richmond, Va., 6s, 1910,
Richmond, Va., 6s, 1912,
Tacoma, Wash., 5s, 1913,
Railroad Bonds.
Atchison, Topeka & Santa F6 4s, 1928,
Belt Railroad and Stock Yards 6s, 1911,
Boston & Worcester Street 4^s, 1923,
Brooklyn Union Elevated 4s, 1950, .
Camden & Atlantic 5s, 1911, .
Central of Georgia cons, mortgage 5s, 1945,
Central of Georgia (Chat. Division) 4s, 1951,
Central Passenger of Pittsburg 6s, 1924, .
Chesapeake & Ohio 4-|s, 1992, .
Chesapeake & Ohio 4s, 1907, .
Chicago, Rock Island & Pacific 4s, 1988, .
Cincinnati, Dayton & Ironton 5s, 1941,
Cincinnati, Hamilton & Dayton 5s, 1942, .
Cleveland Electric 5s, 1913,
Cleveland, Lorain & Wheeling 5s, 1933,
Connecticut Railway & Lighting Co. 4^s, 1951,
Detroit & Northwestern 4-|s, 1921, .
Detroit, Roch., Romeo & Lake Orion 5s, 1920,
Elmira, Courtland & Northern 5s, 1914,
Elmira Water, Light & Railroad Co. 5s, 1949,
Erie general lien 4s, 1996,
Erie.4£s, 1908,
Evansville & Terre Haute 5s, 1942, .
Fairmont Park Transportation Co. 5s, 1912,
Fort Pitt Traction Co. 5s, 1935,
Indianap. Traction & Terminal Co. 5s, 1933,
Iron Mountain Car trust 5s, 1905-09,
Lehigh Valley 6s, 1923, .
Lehigh Valley 4^s, 1923,
Lehigh Valley Coal Co. 5s, 1933,
Louisville & Nashville 6s, 1930,
Lynn & Boston 5s, 1924,
Metropolitan (Cross-Town) 5s, 1920,
Missouri, Kansas & Oklahoma 5s, 1942,
Missouri Pacific 5s, 1917,
Newark Passenger 5s, 1930,
Northern Pacific 4s, 1997,
Ohio River 5s, 1936, ....
Omaha & Council Bluffs Street 5s, 1928, .
Pennsjdvania convertible 3-^s, 1912, .
People's of Syracuse 5s, 1921, . . .
Philadelphia City Passenger 5s, 1910,
Philadelphia & West Chester Traction 4s, 1954,
Pittsburg 5s, 1915,
Pittsburg, McKeesport & Greensburg 5s, 1931,
Reading 4s, 1997,
Seaboard Air Line 5s, 1911,
Book Value.
Rate.
Market Value.
$8,947 86
700
$10,850 00
67,577 50
31£
15,875 00
1,000 00
11
110 00
375 00
12
45 00
500 00
100
500 00
27,445 00
112
28,000 00
17,758 25
104^
17,242 50
23,100 00
113
22,600 00
32,200 00
106£
31,950 00
109,996 25
lllf
111,375 00
> 26,875 00 |
105
111
21,000 00
5,550 00
53,500 00
H2i
56,250 00
16,950 00
112|
16,856 25
41,325 00
111
43,290 00
64,663 00
101i
66,420 00
r 100
8,400 00
102
204 00
■ 20,454 00
103f
2,282 50
105£
3,587 00
108f
326 25
61,450 00
105
63,000 00
47,125 00
96
48,000 00
52,500 00
106f
53,375 00
50,250 00
102
51,000 00
60,300 00
104£
62,700 00
31,425 00
104
31,200 00
45,543 75
109
54,500 00
45,000 00
92
46,000 00
29,812 50
112
28,000 00
84,277 50
103|
83,936 25
48,205 00
99f
49,875 00
25,600 70
99|
24,937 50
24,250 00
108|
27,187 50
20,200 00
106
21,200 00
60,512 50
100
60,000 00
53,750 00
112i
56,250 00
49,750 00
102
51,000 00
29,400 00
97^
29,250 00
52,875 00
104£
52,250 00
37,790 00
104
37,440 00
21,661 00
100
25,000 00
44,625 00
87i
43,750 00
25,000 00
99^
24,875 00
51,500 00
107
53,500 00
52,537 50
99
49,500 00
57,825 00
108
54,000 00
24,250 00
97
24,250 00
50,927 60
100
50,000 00
98,583 33
121
121,000 00
74,000 00
106
79,500 00
26,850 00
110*
27,625 00
53,500 00
114*
62,975 00
51,125 00
109|
54,687 50
26,781 25
102*
25,625 00
53,812 50
106
53,000 00
26,312 50
103*
25,875 00
22,040 00
111*
24,530 00
33,966 25
102
34,680 00
24,000 00
116
29,000 00
48,625 00
99
49,500 00
48,000 00
98
49,000 00
13,920 00
108
14,040 00
53,500 00
102*
51,250 00
22,500 00
93
23,250 00
25,530 00
100
25,000 00
23,250 00
100
25,000 00
43,212 50
99
49,500 00
26,250 00
100*
25,125 00
208
fireman's fund INSURANCE CO,
Seaboard & Roanoke 5s, 1926,
Southern equipment notes 4s, 1907, .
St. Jo. R'y Light, Heat & Power Co. 5s, 1937,
St. Lo. & San Francisco equip, notes 4s, 1912,
St. Louis & San Francisco equip, notes 4s, 1908
Terminal Association, St. Louis, 5s, 1944,
Toledo Electric Street 5s, 1912,
Toledo & Ohio Cent. (St. Mary's Div.) 4s, 1951,
Trenton Street 5s, 1938, .
United Railways & Elec. Co. 4s, 1949,
United Traction, Pittsburg, 5s, 1997,
Wabash (Omaha Div.) 3*s, 1941,
West Pennsylvania 5s, 1931, .
Wheeling 6s, 1922,
Wheeling & Lake Erie 4*s, 1910,
Wheeling Traction 5s, 1931, .
Wilkinsburg & E. Pittsburg Street 5s, 1929,
Wilmington & Chester Trac. coll. trust 5s, 1918,
Miscellaneous Bonds.
Chicago Edison Co. 5s, 1926, .
Chicago Suburban Water & Light Co. 5s, 1949,
Colorado Springs Electric Co. 5s, 1920,
Edison Electric Light Co., Phila., 5s, 1946,
Harrisburg Light, Heat & Power Co. 5s, 1924,
Laclede Gas Light Co. 5s, 1934,
Lehigh Coal & Navigation Co. 7s, 1911,
Passaic Steel Co. 5s, 1951,
Philadelphia Co. 5s, 1951,
Pikes Peak Hydro-Electric Co. 5s, 1923,
Trenton Gas & Electric Co. 5s, 1949,
United Gas & Electric Co., N. J., 5s, 1922,
West Chester Lighting Co. 5s, 1950, .
Westinghouse Electric & Manuf. Co. 5s, 1913,
Book Value.
$51,625 00
48,357 40
50,562 50
23,940 00
23,625 00
74,450 00
52,190 00
46,195 00
19,000 00
20,750 00
49,750 00
21,875 00
25,000 00
21,300 00
25,000 00
49,500 00
54,875 00
50,500 00
52,250 00
25,000 00
45,000 00
13,325 00
25,500 00
26,250 00
102,856 95
47,500 00
26,000 00
23,750 00
40,625 00
20,500 00
24,575 00
5,907,485 07
Rate.
112
99*
102
95f
99
117i
99
96
118
90
112
82
99
105
98*
97*
110
101
100*
93 *
95
105|
95
102*
111
20
101
107
101
101*
103
Market Value.
$56,000 00
49,750 00
51,000 00
23,906 25
24,750 00
87,937 50
49,500 00
48,000 00
23,600 00
27,000 00
56,000 00
20,500 00
24,750 00
21,000 00
24,625 00
48,750 00
55,000 00
50,500 00
50,250 00
23,375 00
47,500 00
13,747 50
23,750 00
25,625 00
111,000 00
10,000 00
25,250 00
42,800 00
2,525 00
20,300 00
24,720 00
5,939,718 00
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. DUTTON, President. LOUIS WEINMANN, Secretary.
Home Office, Jfil California Street.
Income.
Net fire premiums, $1,104,123.97; marine, $255,197.73,
Interest on mortgage loans, $6,368.25; collaterals, $8,579.88
stocks and bonds, $134,748 . 57 ; all other, $5,352 . 36,
Rents, .........
Profit on sale or maturity of ledger assets,
Orders for 8,606.81 shares of stock to be issued
in 1907 at $100 per share, accepted by policy
holders during 1906 in settlement of claims, . $860,681 00
Premium on the same at $400 per share, . . 3,442,724 00
$1,359,321 70
155,049 06
8,676 95
439,651 67
Assessment on capital stock, .....
Total income, . ,
Ledger assets, Dec. 31, 1905, plus error in 1905 statement,
Total,
4,303,405 00
. 1,654,225 00
. $7,920,329 38
. 6,957,244 32
$14,877,573 70
fireman's FUND INSURANCE CO.
209
Disbursements.
Net amount paid for fire losses, $7,529,604.03; marine, $284,-
507.78, .......
Interest and dividends to stockholders, .
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees,
Rents, .......
Real estate taxes, $2,462.35; other taxes and fees, $72,996.81,
Loss on sale or maturity of ledger assets,
Legal expenses, ......
Advertising, ......
Agency expenses, ......
Marine expenses, ......
Reinsurance under contract with Firemen's Fund Ins
Profit and loss, ......
Traveling expenses, .....
All other disbursements, ....
Corporat'n
57,814,111 81
40,000 00
261,364 06
120,478 09
2,100 00
75,459 16
86,088 52
3,186 50
22,624 26
50,315 60
14,-512 00
2,481,730 00
68,287 61
9,200 00
19,884 50
Total disbursements,
Balance,
$11,069,342 11
. $3,808,231 59
Ledger Assets.
Real estate, $26,482.50; mortgages, $18,000, .... $44,48250
Stocks and bonds (schedule A), 1,902,822 31
Cash in banks, 1,305,801 46
Advances on marine losses, ....... 1,675 32
Unpaid assessments on capital stock secured by stock of the Fire-
men's Fund Insurance Corporation held as collateral, . . 553,450 00
Total ledger assets, . . .
Assets not admitted.
Advances on marine losses, ....
Book value of stocks and bonds over market value,
Total unadmitted assets, . . -
$3,808,231 59
$1,675 32
863,799 72
Total admitted assets,. .......
Liabilities.
Unpaid losses, including $13,070 resisted, $741,943.30; less rein-
surance, $244,080 .77,
Contingent liability under agreement with policy holders' com., .
Stock orders issued to loss claimants, .....
865,475 04
1,942,756 55
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, . ...
Surplus over capital and general liabilities,
$1,429,987 88
$497,862 53
154,225 00
860,681 14
$1,512,768 67
1,000,000 00
429,987 88
Total liabilities,
!,942,756 55
210
fireman's FUND INSURANCE CO.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
$477,520,945 00
146,751,760 Op
$624,272,705 00
191,252,129 00
$433,020,576 00
60,435,826 00
Premiums.
^5,896,347 77
1,679,579 48
57,575,927 25
2,377,640 18
55,198,287 07
727,170 04
Reinsured in Firemens' Fund Ins. Corp., . $372,584,750 00 $4,471,117 03
Marine risks outstanding Dec. 31, 1905,
Marine risks written during 1906, .
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
$29,258,742 00
52,985,670 00
244,412 00
60,235,926 00
$22,008,486 00
5.201,266 00
$709,894 37
546,993 06
1,256,887 43
630,702 73
$626,184 70
257,840 73
Reinsured in Firemen's Fund Ins. Corp., . $16,807,220 00 $368,343 97
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 (4 per cent.),
Company's stock owned by directors,
$55,774,683 00
35,386,730 00
6,791,067 00
189,397 00
3,876,000 00
40,000 00
124,400 00
Schedule A. Stocks and Bonds owned by the Company.
Bank Stocks. Book Value.
50 shares American National, San Fran., Cal., $6,500 00
300 " Anglo California Limited, . . 22,545 88
380 " Bank of California, San Fran., Cal., 137,167 00
11 " First National, Los Angeles, Cal., . 4,400 00
100 " Mercantile Tr't Co., San Fran., Cal., 10,000 00
86 " San Francisco National, . . 6,154 50
8 " Seaboard, San Francisco, Cal., . 680 00
100 " Security Savings, San Fran., Cal., . 38,150 00
10 " Union Trust, San Francisco, Cal., . 18,000 00
Miscellaneous Stocks.
3,000 shares Home Fire & Marine Insurance Co., 1,200,403 50
Government Bonds.
United States 4s, 1925, 9,776 56
Municipal Bonds.
Baker City, Ore., 6s, 1908, . . . • \ « ocn nr»
Baker City, Ore., 6s, 1913, . . . . / b'b5U UU
Redondo, Cal., Union High Sch. Dist. 5s, 1906-30, 26,437 50
Sebastopol Sch. Dist., Sonoma Co., Cal., 4*s, 1935, 25,522 92
Railroad Bonds.
Hilo, Honolulu, T. H., 6s, 1921, . . . 47,500 00
North Pacific Coast 5s, 1912, .... 51,460 00
Oakland Transit Co. 5s, 1931, .... 11,775 00
• Miscellaneous Bonds.
California Central Gas & Electric 5s, 1931, . ■ 25,625 00
California Gas & Electric Corporation 5s, 1933, . 56,435 00
Edison Electric Co. 5s, 1922, .... 28,253 10
Rate.
130
176
367*
430
227
135*
90
160
300
100
129f
100
105*
109|
104
98
102
108*
104*
86
101
Market Value.
$6,500 00
26,400 00
139,650 00
4,730 00
22,700 00
11,653 00
720 00
40,000 00
30,000 00
300,000 00
12,962 50
2,000 00
5,275 00
27,343 75
25,133 34
49,000 00
45,900 00
10,850 00
26,125 00
59,340 00
26,260 00
firemen's fund insurance corporation.
211
San Francisco Gas & Electric Co. 4^-s, 1933,
Spring Valley Water Works 4s, 1923,
United Electric Gas & Power Co. 5s, 1920,
Valley Counties Power Co., Cal., 5s, 1930,
Book Value.
$60,142 50
54,630 00
21,088 85
33,325 00
Rate.
96f
93
101
102
Market Value.
$58,050 00
47,430 00
20,200 00
40,800 00
$1,902,822 31
$1,039,022 59
FIREMEN'S FUND INSURANCE CORPORATION,
SAN FRANCISCO, CAL.
Incorporated May 17, 1906. Commenced business May 22, 1906.
Paid-up Capital, $800,000.
WM. J. DUTTON, President. LOUIS WEINMANN, Secretary.
Home Office, Ifil California Street.
Income.
Net fire premiums, $3,886,846.64; marine, $800,037.91, . . $4,686,884 55
Interest on mortgage loans, $5,372.42; collaterals, $5,948.16;
stocks and bonds, $29,320.87; deposits, $2,909.18, . . 43,550 63
Rents, including company's own occupancy, .... 4,028 75
Profit on sale of stocks and bonds, ...... 46,172 50
Profit and loss, 23 44
Premium on capital, 289,700 00
Total income,.
Ledger assets, May 22, 1906,
Total .
Disbursements
Net amount paid for fire losses, $640,524.47
669.77,
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, $2,993.05; other taxes and fees, $30,278.50,
Loss on sale of bonds, .
Advertising, stationery and supplies,
Agency expenses, .
Marine expenses, .
Profit and loss,
Traveling expenses,
Local boards,
General expenses, .
Total disbursements,
Balance, .....
Ledger Assets
Real estate, $550,000; mortgages, $230,600,
Loans secured by collateral (schedule A),
Stocks and bonds (schedule B),
Cash in banks and office, . . . .
Agents' balances, .....
marine, $290,-
$5,070,359 87
800,000 00
$5,870,359 87
$931,194 24
235,166 42
216,174 95
4,000 00
16,679 35
33,271 55
3,675 00
50,302 18
52,619 50
18,420 00
81 67
49,192 90
10,177 48
22,781 97
$1,643,737 21
$4,226,622 66
$780,600 00
132,350 00
2,082,825 50
457,786 09
727,709 49
212 firemen's fund insurance corporation.
Bills receivable, . . . $33,637 65
Due on open accounts, ........ 172 91
Due from other companies, ....... 11,541 02
Total ledger assets, $4,226,622 66
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $1,418.81; collateral loans, $1,110.59, . . 2,529 40
Market value of stocks and bonds over book value, . . . 3,203 25
Gross assets, . . $4,232,355 31
Assets not admitted.
Agents' balances over three months due, . $15,763 95
Special deposits less $100,795 liability thereon, 38,830 00
Due on open accounts, ..... 172 91
Due from unauthorized company, . . . 763 58
Total unadmitted assets, . . . 55,530 44
Total admitted assets, ....... $4,176,824 87
Liabilities.
Unpaid losses, including $4,250 resisted, $340,694.78; less rein-
surance, $78,612.60, $262,082 18
Unearned premiums on outstanding risks, . $2,601,606 75
Plus same on disallowed reinsurance, . . 41,455 85 2,643,062 60
Commissions and other charges due agents and brokers, . . 90,263 57
All liabilities, except capital and surplus, .... $2,995,408 35
Surplus to policy holders, .... $1,181,416 52
Paid-up capital, . . . 800,000 00
Surplus over capital and general liabilities, . . . . 381,416 52
Total liabilities, $4,176,824 87
Risks and Premiums.
Fire risks written during 1906,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Marine risks written during 1906,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Premiums.
,097,466 00 *$7,472,606 78
198,061,026 00 2,445,101 43
$408,036,440 00 $5,027,505 35
27,190,385 00 372,264 00
$380,846,055 00 $4,655,241 35
$180,853,782 00 *$1,735,935 65
146,954,466 00 1,025,357 63
$33,899,316 00 $710,578 02
7,831,838 00 294,855 29
Net amount in force, . . . $26,067,478 00 $415,722 73
* Includes all premiums of the Fireman's Fund Insurance Company in force at time of re-insur-
ance and on which this "Corporation." carries the same liability for unearned premiums which the
Fireman's Fund Insurance Company would have maintained had it retained the risks.
firemen's fund insurance corporation.
213
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,
Company's stock owned by directors,
Schedule A. Securities held as Collateral.
250 shares Contra Costa Water Co.,
Pacific Gas & Electric Co. bonds,
250 shares Pacific Borax Co.,
2,487 " Watsonville Water Power Co.,
Sierra Railway Co. bonds,
100 shares California Safe Deposit & Trust Co
100 " El Dorado Lumber Co.,
600 " California Safe Deposit & Trust Co
Company's
Market Value.
$15,000 00
12,000 00
38,000 00
62,175 00
16,800 00
| 12,950 00
77,700 00
[,686,885 00
913,194 00
801,993 00
361,375 00
88,700 00
Loaned
Thereon.
$6,250 00
8,100 00
25,000 00
25,000 00
10,000 00
10,000 00
48,000 00
$234,625 00 $132,350 00
129f 181,475 00
Schedule B. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value. Rate. Market Value.
550 shares Presidio & Ferries, . . . $11,000 00 25 $13,750 00
100 shares American Nat'l, Los Angeles, Cal., . 11,600 00 116 11,600 00
300 " Anglo Calif ornian, San Fran., Cal., . 26,100 00 176 26,400 00
200 " Bank of California, San Francisco, . 73,400 00 367£ 73,500 00
10 " Bankers Trust, Oakland, Cal., . 5,000 00 100 5,000 00
50 " Citizens' National, San Francisco, . 5,500 00 105 5,250 00
130 " NT of D. O. Mills, Sacramento, Cal., 39,000 00 350 45,500 00
500 " San Francisco National, Cal., . 62,500 00 135£ 67,750 00
50 " Union National, Oakland, Cal., . 8,250 00 240 12,000 00
Miscellaneous Stocks.
100 shares Marin County Water Co., Cal., . 5,000 00 124 6,200 00
656 " Mission Rock Co., San Francisco, . - 5 3,280 00
24 " Pacific Salvage Co., Cal., . . 3,250 00 100 2,400 00
743 " Pacific States Tel. & Tel. Co., . 69,733 00 . 110 81,730 00
656 " San Francisco Dry Dock, . . 39,360 00 120 39,360 00
1,200 " Spring Valley Water Co., San Fran., 27,600 00 50 30,000 00
Government Bonds.
United States 4s, 1925, 181,900 00
Lockwood School District, Cal., 5s, 1911, . . 1,020 00 102| 1,027 50
Railroad Bonds.
Market Street, San Francisco, Cal., 5s, 1924, . 155,680 00 110^ 153,595 00
North Pacific Coast 5s, 1912, .... 35,000 00 102 35,700 00
Oakland Traction 5s, 1933, .... 52,500 00 101 50,500 00
Ocean Shore 6s, 1935, 28,200 00 80 24.000 00
Omnibus Cable 6s, 1918, .... 134,400 00 118 132J160 00
Park and Cliff House 6s, 1913, . . . 5,250 00 102 5,100 00
Petaluma & Santa Rosa 5s, 1942, . . . 39,390 00 100 38,000 00
Presidio & Ferries 6s, 1911, .... 18,460 00 100 18,000 00
San Francisco, Oakland & San Jose 5s, 1933, . 103,500 00 110 101,200 00
San Jose & Alum Rock 6s, 1913, . . . 8,640 00 105 8,400 00
South Pacific Coast 4s, 1937, .... 213,400 00 90 198,000 00
Sutter Street 5s, 1918, 56,710 00 108 57,240 00
Miscellaneous Bonds.
California Gas & Electric Co. 5s, 1933, . . 5,340 00 86 5,160 00
Edison Electric Co., Los Angeles, Cal., 5s, 1922,. 50,000 00 101 50,500 00
Hanford Gas & Power Co. 6s, 1907, . . . 2,010 00 100 2,000 00
Keswick Electric Power Co., Cal., 5s, 1931, . 21,000 00 100 20,000 00
Los Angeles Lighting Co. 5s, 1924, . . . 10,500 00 104 10,400 00
Los Angeles Pacific General 5s, 1946, . . 51,500 00 100 50,000 00
Nevada Co. Electric Power Co., Cal., 6s, 1928, . 28,860 00 110 28,600 00
Northern California Power Co. 5s, 1932, . . 14,012 50 101 15,150 00
Oakland Gaslight & Heat Co. 5s, 1916, . . 107,457 50 106| 105,311 25
214
FIREMEN S INSURANCE CO.
Pacific Gas & Improvement Co. 4s, 1930,
Risdon Iron & Locomotive Works, Cal., 5s, 1917,
Riverside Water Co., Cal., 4$-5fcs, 1912, .
San Francisco Dry Dock 5s, 1931,
Siskiyon Electric Power Co., Cal., 6s, 1923,
Spring Valley Water Co., San Fran., 4s, 1923,
Standard Electric Co., Cal., 5s, 1939,
Stockton Gas & Elec. Co., Stockton, Cal., 6s, 1909,
Sunset Telephone & Telegraph Co. 5s, 1929,
Book Value.
$32,980 00
55,000 00
20,000 00
5,600 00
15,000 00
79,077 50
13,500 00
54,000 00
95,645 00
5,082,825 50
Rate.
94
100
90
110
101
93
91
102£
106
Market Value.
$31,960 00
55,000 00
18,000 00
5,500 00
15,150 00
81,840 00
13,650 00
55,350 00
94,340 00
$2,086,028 75
FIREMEN'S INSURANCE COMPANY, NEWARK, N. J.
Incorporated Dec. 3, 1855. Commenced business Dec. 3, 1855.
Paid-up Capital, $1,000,000.
DANIEL H. DUNHAM, President. A. H. HASSINGER, Secretary.
Home Office, 784 Broad Street.
Income.
Net fire premiums, $1,686,702 77
Interest on mortgage loans, $84,218.16; stocks and bonds,
$94,752.55; allother, $704.63, 179,675 34
Rents, 11,825 47
Profit on sale of stocks, . . . . . . . 3 00
Total income, .
Ledger assets, Dec. 31, 1905, ....
Total,
Disbursements.
Net amount paid for fire losses,
Interest and dividends to stockholders, .
Scrip redeemed in cash, ....
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees,
Repairs and expenses on real estate,
Real estate taxes, $7,279 . 63 ; other taxes and fees,
Premium on stocks and bonds purchased,
Adjustment expenses, .....
Agency expenses, ......
All other disbursements,
Total disbursements, ....
Balance, ......
Ledger Assets.
Real estate, $111,217.62; mortgages, $1,929,925,
Stocks and bonds, (schedule A),
Cash in banks and office, ...
Agents' balances, . . .•
Total ledger assets, ....
Non-Ledger Assets.
Interest due and accrued on mortgages, .
Rents due on company's, property, .
78,
H,878,206 58
3,222,476 48
^5,100,683 06
5531,791 93
150,000 00
17 25
431,975 99
50,181 21
1,985 29
42,269 41
41,980 25
15,230 35
41,040 53
15,920 05
,322,392 26
!,778,290 80
12,041,142 62
1,519,800 00
40,021 95
177,326 23
53,778,290 80
25,629 82
193 00
FIREMEN, S INSURANCE CO.
215
Market value of stocks and bonds over book value,
Due from other companies, ....
Gross assets, ......
Assets not admitted.
Agents' balances over three months due, .
Due from unauthorized company, .
Total unadmitted assets,
Total admitted assets, ....
Liabilities.
Unpaid losses, including $8,817.25, resisted, .
Less reinsurance, ......
Unearned premiums on outstanding risks,
Unpaid scrip, ......
All liabilities, except capital and surplus, .
Surplus to policy holders, ....
Paid-up capital, ......
Surplus over capital and general liabilities,
$328 34
6 25
$079,328 50
1,483 50
4,484,925 62
334 59
$4,484,591 03
$133,166 66
3,728 58
^2,907,957 05
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
. $190,828,665 00
. 140,783,629 00
. $331,612,294 00
. 80,428,297 00
. $251,183,997 00
9,198,611 00
$129,438 08
1,445,326 15
1,869 75
51,576,633 98
1,000,000 00
1,907,957 05
14,484,591 03
Premiums.
^1,797,552 80
2,011,134 74
53,808,687 54
1,244,875 36
52,563,812 18
81,065 11
$241,985,386 00 $2,482,747 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,
Stock dividends declared from organization of company,
Dividends declared during the year (15 per cent.),
Company's stock owned by directors,
$14,765,498 00
6,677,208 00
585,531 00
2,660,500 00
850,000 00
150,000 00
136,100 00
Schedule A. Stocks and Bonds owned by the Company.
400
1,200
1,400
72
600
150
150
400
100
Railroad Stocks.
shares Consolidated Traction Co., N. J
" Delaware, Lack. & Western,
" Morris & Essex,
" Northern of New Jersey,
" Pennsylvania,
" Rapid Transit,
" United N. J. R.R. & Canal Co.,
Bank Stocks.
shares Essex County N'l, Newark, N.
" Manufacturers N'l, Newark, N.
J.,
J..
Book Value.
$40,000 00
60,000 00
70,000 00
7,200 00
30,000 00
15,000 00
15,000 00
20,000 00
10,000 00
Rate.
75
515
182
97
138f
245
255
325
235
Market Value.
$30,000 00
309,000 00
127,400. 00
6,984 00
41,512 50
36,750 00
38,250 00
65,000 00
23,500 00
216
FIREMEN S MUTUAL INSURANCE CO.
200 shares Merchants' Nat'l, Newark, N. J.,
800 " N'l New. Bkg. Co., Newark, N. J.,
650 " National State, Newark, N. J.,
Miscellaneous Stocks.
2 shares General Adjustment Bureau, .
400 " Newark Consolidated Gas Co., .
529 " N. Y. & N. J. Telephone Co., .
1 share Western Adjustment & Inspec. Co.,
State and Municipal Bonds.
Elizabeth, N. J., 4s, 1922,
Georgia 4^s, 1915, .
Railroad Bonds.
Central of New Jersey 5s, 1987,
Cent, of N. J. (Am. Dock & Imp. Div.) 5s, 1921,
Consolidated Traction Co. 5s, 1933,
Easton & Amboy 5s, 1920,
Lehigh Valley Terminal 5s, 1941,
Morris & Essex 7s, 1915, .
Newark Passenger 5s, 1930,
New Jersey & New York 6s, 1910,
New York & Greenwood Lake 5s, 1946,
N. Y., Lake Erie & West. Dock & Imp. 6s, 1913
N. Y., Susquehanna & Western 5s, 1937,
North Hudson County 5s, 1928,
North Hudson County 6s, 1914,
North Hudson County Extension 5s, 1924,
Trenton Passenger 6s, 1931,
Miscellaneous Bonds.
Atlantic City Water Co. 5s, 1925,
Consumers Heat, Light & Power Co. 5s, 1938,
Hackensack Water Co. 4s, 1952,
Hudson County Gas 5s, 1949,
Newark Consolidated Gas Co. 5s, 1948,
Newark Gas Co. 6s, 1944,
Passaic Water Co. 5s, 1937,
Trenton Gas & Electric Co. 5s, 1949, .
United Electric Co. of New Jersey 4s, 1949,
Book Value.
$20,000 00
40,000 00
32,500 00
100 00
40,000 00
52,900 00
100 00
25.000 00
10,000 00
100,000 00
20,000 00
100,000 00
40,000 00
100,000 00
50,000 00
50,000 00
20,000 00
25,000 00
20,000 00
40,000 00
25,000 00
20,000 00
20,000 00
30,000 00
22,000 00
10,000 00
20,000 00
40,000 00
100,000 00
50,000 00
20,000 00
10,000 00
100,000 00
,519,800 00
Rate.
275
325
210
100
91
128
100
100
111
126
109*
1051
llli
1171
123
llli
102
115
111J
113i
112
1121
104
120
111
105
92
104
106
134
106
107
70i
Market Value.
$55,000 00
130,000 00
68,250 00
100 00
36,400 00
67,712 00
100 00
25,000 00
11,100 00
126,000 00
21,900 00
105,500 00
44,600 00
117,500 00
61,500 00
55,750 00
20,400 00
28,750 00
22,250 00
45,300 00
28,000 00
22,500 00
20,800 00
36,000 00
24,420 00
10,500 00
18,400 00
41,600 00
106,000 00
67,000 00
21,200 00
10,700 00
70,500 00
2,199,128 50
FIREMEN'S MUTUAL INSURANCE COMPANY, PROVIDENCE, R. I.
Incorporated May 1, 1854. Commenced business Sept. 1, 1854.
EDWIN BARROWS, President. JOSEPH T. A. EDDY, Secretary.
Office, 10 Weybosset Street, Providence, R. I.
Income.
Net premiums, $964,403 13
Interest on stocks and bonds, $48,061 .75; all other, $8,052.05, . 56,113 80
Profit on sale of stocks, ........ 300 00
Dividend, Lime Rock National Bank in liquidation, . . . 500 00
Total income, .....
Ledger assets, Dec. 31, 1905, ....
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 stocks and bonds, .
51,021,316 93
1,096,721 87
52,118,038 80
$52,637 06
843,602 91
14,298 49
1,000 00
17,621 24
14,890 33
firemen's MUTUAL INSURANCE CO. 217
Inspections, $14,994 80
All other disbursements, ....... 1,177 44
Total disbursements, $960,222 27
Balance, $1,157,816 53
t -pi t-) p "p* t? Assists
Stocks and bonds (schedule A), .... $1,002,787 50
Cash in banks and office, . . • . . . . 144,604 96
Premiums in course of collection, ...... 10,424 07
Total ledger assets, ....... $1,157,816 53
Non-Ledger Assets.
Interest accrued on bonds, . . . . . . . 2,745 00
Market value of stocks and bonds over book value, . . . 232,759 00
Gross assets, ......... $1,393,320 53
Liabilities.
Unpaid losses, $1,621 40
Unearned premiums on outstanding risks, .... 476,153 03
Taxes accrued, ......... 16,076 19
All liabilities, except surplus, . . ... . . $493,850 62
Surplus, . . . . 899,469 91
Total liabilities, $1,393,320 53
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outs'ding Dec. 31, 1905, $111,072,595 00 $883,498 40 $4,417,492 00
Risks written during 1906, . 128,027,587 00 1,008,193 25 5,040,966 25
Total, .... $239,100,182 00 $1,891,691 65 $9,458,458 25
Risks expired and terminated, 118,089,728 00 939,385 60 4,696,928 00
In force at end of year, . . $121,010,454 00 $952,306 05 $4,761,530 25
Miscellaneous.
Losses incurred during the year, ...... $44,988 00
Profits or surplus returned during 1906, 94.19 per cent.
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value. Rate. Market Value.
318 shares Chicago & Northwestern, . . $31,800 00 198| $63,043 50
100 " CI., Cm., Chic. & St. Lo., preferred, 10,000 00 110 11,000 00
20 " CI., Cin., Chic. & St. Louis, common, 2,000 00 90£ 1,817 50
200 " Cleveland & Pittsburg, .
100 " Detroit, Hillsdale & S. Western,
100 " Fort Wayne & Jackson, preferred.
100 " Hereford, ....
400 " Illinois Central,
200 " Manhattan,
200 " Morris & Essex,
720 " N. Y. Central & Hudson River,
300 " N. Y., Lackawanna & Western,
100 " N. Y., New Haven & Hartford,
100 " Old Colony, ....
1,020 " Pennsylvania,
200 " Pittsburg, Bessemer & Lake Erie,
10,000 00 177 17,700 00
10,000 00 104 10,400 00
10,000 00 142 14,200 00
10,000 00 97 9,700 00
40,000 00 165* 66,200 00
20,000 00 142| 28,550 00
10,000 00 182 18,200 00
72,000 00 131 94,320 00
30,000 00 127f 38,212 50
18,000 00 190^ 19,050 00
10,000 00 198 19,800 00
51,000 00 138f 70,571 25
7,412 50 67 6,700 00
218
THE FRANKLIN INSURANCE CO. OF WHEELING.
200 shares Pittsburg, Ft. Wayne & Chicago,
200 " Rensselaer & Saratoga, .
300 " Rome, Watertown & Ogdensburg,
130 " Upper Coos, ....
210 '■' West End Street, .
Bank Stocks.
100 shares Blackstone Canal N'l, Prov., R. I.,
200 " N'l Bk. of Com., Providence, R. I.,
Miscellaneous Stocks.
100 shares Gold & Stock Telegraph Co., .
294 " Providence Gas Co., Prov., R. I.,
Government and State Bonds.
United States 4s, 1907,
United States 4s, 1925,
United States coupon 3s, 1918, .
Rhode Island 3£s, 1924, .
Rhode Island 3s, 1946,
Rhode Island 3s, 1936,
Railroad Bonds.
Chicago, Burlington & Quincy 3^s, 1949,
Cleveland Electric, Cleveland, O., 5s, 1913,
Columbus Street, Columbus, O., 5s, 1932,
Detroit United, Detroit, Mich., 4^s, 1932,
East St. Louis & Suburban 5s, 1932, .
Lake Shore & Michigan Southern 4s, 1928,
Long Island 4s, 1949,
N. Y., New Haven & Hartford 4s, 1907,
N. Y., New Haven & Hartford 3^s, 1956,
Northern Pacific-Great Northern 4s, 1921,
Portland, Ore., 5s, 1930, .
Miscellaneous Bonds.
American Tel. & Tel. Co. 5s, 1907,
American Tel. & Tel. Co. 4s, 1929,
Book Value.
$27,800 00
20,000 00
30,000 00
13,000 00
10,500 00
2,500 00
10,000 00
10,000 00
14,700 00
40,000 00
40,000 00
40,000 00
100,000 00
50,000 00
30,000 00
4,000 00
10,000 00
20,000 00
9,425 00
20,000 00
25,000 00
10,000 00
25,000 00
4,500 00
55,000 00
10,000 00
20,000 00
9,150 00
$1,002,787 50
Rate.
173
200
127£
145
184
150
130
110
209
101
129f
102*
104$
97|
97|
92
100
108
89£
100
98
96
100
112
96|
100
99i
90
Market Value.
$34,600 00
40,000 00
38,2,50 00
18,850 00
19,320 00
3,750 00
13,000 00
11,000 00
30,723 00
40,400 00
51,850 00
41,000 00
104,875 00
48,625 00
29,287 50
3,680 00
10,000 00
21,600 00
8,950 00
20,000 00
24,500 00
9,600 00
25,000 00
5,040 00
53,281 25
10,000 00
19,900 00
9,000 00
$1,235,546 50
THE FRANKLIN INSURANCE COMPANY OF WHEELING,
WHEELING, W. VA.
Incorporated Jan. 31, 1883. Commenced business March 1, 1883.
Paid-up Capital, $200,000.
J. N. VANCE, President. ALFRED PAULL, Secretary.
Home Office, 35 Twelfth Street.
Income.
Net fire premiums, .......
Interest on mortgage loans, $5,870.94; stocks and bonds,
884.43; all other, $1,272.62,
Profit on sale or maturity of bonds,
Total income, .....
Ledger assets, Dec. 31, 1905, .
Total,
Disbursements
Net amount paid for fire losses,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents, . . ...
Taxes and fees, .....
Adjustment expenses, ....
Printing, stationery, etc.,
$120,493 26
15,027 99
725 00
$136,246 25
310,053 93
$446,300 18
556 93
26,806 83
8,017 00
687 50
2,183 39
714 26
1,342 34
THE FRANKLIN INSURANCE CO. OF WHEELING.
219
Postage, express, telegrams and exchange,
Traveling expenses, .....
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, . . . • , •
Loaned on personal security, ....
Total ledger assets, ....
Assets not admitted.
Agents' balances over three months due, .
Loaned on personal security, ....
Book value of stocks and bonds over market value,
Total unadmitted assets,
Total admitted assets, '.
Liabilities.
Unpaid losses, $11,390.85; less reinsurance, $838.85,
Unearned premiums on outstanding risks,
Plus same on disallowed reinsurance,
>2,182
5,000
1,569
21
00
75
$86,669
730
57
35
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$259,588 44
Total liabilities,
Risks and Premiums.
$726 43
453 60
519 58
,007 86
$366,292 32
$81,000 00
14,000 00
236,052 25
19,587 80
10,652 27
5,000 00
$366,292 32
8,751 96
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Miscellaneous
Premiums received since 1889,*
Losses paid since 1889,*
Fire losses incurred during the year,
Cash dividends declared,
Company's stock owned by directors,
$10,378,795
10,715,842
$357,540 36
$10,552 00
87,399 92
,951 92
200,000 00
59,588 44
$357,540 36
Premiums.
00 $136,062 66
00 137,404 78
$21,094,637
5,950,736
00 $273,467 44
00 69,687 73
$15,143,901
2,039,421
00 $203,779 71
00 33,484 93
$13,104,480 00 $170,294 78
$1,653,387 00
854,354 00
43,646 00
108,000 00
20,700 00
* Books destroyed in 1889.
220 THE FRANKLIN FIRE INSURANCE CO. OF PHILADELPHIA.
Schedule A. Securities held as Collateral.
100 shares Wheeling Potteries Co.,
50 " Eagle Glass & Mfg. Co.,
60 " Chas. F. Stifel & Co.,
Schedule B. Stocks and Bonds
Stocks.
205 shares Wheeling & Belmont Bridge Co.,
Municipal Bonds.
Wheeling, W. Va., 6s, 1919, ....
Railroad Bonds.
Alabama Great Southern equipment 4^s, 1914,
Central Vermont 4-Js, 1915,
Georgia Railway & Electric 5s, 1932,
Nashville, Chattanooga & St. Louis 5s, 1928,
Pennsylvania Co. 4^s, 1907, ....
Pittsburg Terminal 5s, 1942, ....
Toledo & Ohio Central general mortgage 5s, 1935,
Wheeling 6s, 1922,
Miscellaneous Bonds.
Fostoria Glass Co. 6s, 1913, ....
Sharon Coke 5s, 1931,
Company's
Market Value.
$8,000 00
5,000 00
6,600 00
Loaned
Thereon.
$5,000 00
3,000 00
6,000 00
$19,600 00 $14,000 00
owned by Company.
Book Value. Rate. Market Value.
$3,690 00 84 $4,305 00
10,000 00
120
12,000 00
24,162 50
96
24,000 00
24,937 50
96f
24,187 50
17,340 00
102
17,340 00
45,816 00
112£
45,000 00
14,906 25
100
15,000 00
55,000 00
105
52,500 00
21,200 00
105^
21,100 00
1,000 00
105
1,050 00
3,000 00
100
3,000 00
15,000 00
100
15,000 00
$236,052 25
$234,482 50
THE FRANKLIN FIRE INSURANCE COMPANY OF PHILADELPHIA,
PHILADELPHIA, PA.
Incorporated April 22, 1829. Commenced business June 22, 1829.
* Paid-up Capital, $400,000.
JAS. W. MCALLISTER, President. EZRA T. CRESSON, Secretary.
Home Office, Jf.21 Walnut Street.
Income.
Net fire premiums, . . . .
Deposit premiums on perpetual risks, ....
Interest on mortgage loans, $4,155.10; collaterals, $471.04
stocks and bonds, $101,645.21; deposits, $2,650.91,
Rents, .......
Profit on sale or maturity of stocks and bonds,
Transfers, .......
Borrowed money, ......
Premium on increase in capital,
From all other sources, .....
Total income, ........
Ledger assets, Dec. 31, 1905, plus $300,000 increase in capital,
Total, . . . .
$925,326 77
7,399 96
108,922 26
4,860 18
23,573 80
1,208 00
850,000 00
300,000 00
535 44
£2,221,826 41
3,270,611 98
55,492,438 39
* Cash capital Dec. 31, 1905, . $400,000 00
Increase of capital during 1906 300,000 00
Total, . . . . $700,000 00
Decrease in cash capital during 1906 without distribution of assets, . 300,000 00
Cash capital Dec. 31, 1906 $400,000^00
THE FRANKLIN FIRE INSURANCE CO. OF PHILADELPHIA. 221
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, $2,582.19; other taxes and fees, $22,281
Loss on sale or maturity of ledger assets,
Legal expenses,
Advertising,
Agency expenses, .
Borrowed money, .
Interest on borrowed money, .
Profit and loss,
All other disbursements,
Total disbursements,
Balance, .......
Ledger Assets.
Real estate, $188,272.44; mortgages, $54,548, .
Stocks and bonds (schedule A),
Gash in banks and office, .....
Agents' balances, ........
Total ledger assets, . . . . .
Non-Ledger Assets.
Interest accrued on mortgages, ....
Market value of real estate over book value,
Due from other company, .....
Gross assets, .......
Assets not admitted.
Book value of stocks and bonds over market value, .
Total admitted assets, . • .
Liabilities.
Unpaid losses, $167,999.04; less reinsurance, $1,823.46,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
Interest accrued on scrip for new stock, .
. $1,656,106 55
40,316
14
40,000
00
214,589
48
35,555
00
1,446
58
3,817
03
1.82, . 24,864
01
4,844
44
1,429
00
11,953
19
77,912
66
850,000
00
13,747
12
101
38
18,724 31
. $2,995,406 89
. $2,497,031
50
. $242,820 44
. 1,992,022
73
130,598
76
131,589
57
. $2,497,031
50
818
22
21,227
56
911
25
. $2,519,988 53
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
Total liabilities, ....
,898 31
40,855 23
$2,479,133 30
$166,175 58
771,133 10
841,175 46
3,750 85
1,782,234 99
400,000 00
296,898 31
. $2,479,133 30
222 THE FRANKLIN FIRE INSURANCE CO. OF PHILADELPHIA.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year,
Amount reinsured,
Net amount in force,
Perpetual risks in force (not included above),
Risks and Premiums.
Premiums.
$123,715,560 00 $1,415,146 59
93,974,238 00 1,132,385 99
$217,689,798 00
81,979,354 00
52,547,532 58
1,008,649 47
$135,710,444 00 $1,538,883 11
3,925,622 00 30,942 38
$131,784,822 00 $1,507,940 73
$43,933,488 00 $917,560 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,
Company's stock owned by directors,
Schedule A. Stocks and Bonds owned by the
Bank Stocks.
35 shares Girard National, Philadelphia, Pa.,
State, County and Municipal Bonds.
Allegheny, Pa., 4s,' 1934, .
Braddock, Pa., 4s, 1918-1921,
Camden, N. J., 4s, 1909, .
Camden, N. J., 4s, 1911, .
Cameron County, Pa., 4s, 1922,
Dayton, O., 5s, 1912, » .
Dayton, O., 5s, 1919,
Downingtown, Pa., 4^s, 1924,
Gloucester County, N. J., 4s, 1907,
Gloucester County, N. J., 4s, 1907-1909,
Monongahela, Pa., 3£s, 1909-1928, .
Sandusky, O., 5s, 1911-1922,
Sewickly, Pa., 5s, 1907-1915,
Springfield, 111., 5s, 1907, .
Railroad Bonds
Baltimore & Ohio prior lien 3^s, 1925,
Baltimore & Ohio 4s, 1941,
Camden & Atlantic 6s, 1911,
Camden & Atlantic 5s, 1911,
Chesapeake & Ohio 4s, 1913,
Chesapeake & Ohio 4s, 1914,
Chicago, Rock Island & Pacific 4s, 1988,
Chicago, Rock Island & Pacific 4s, 1918,
Chicago, Rock Island & Pacific 4s, 1934,
Elmira & Williamsport 5s, 2862,
Erie Car trust 4£s, 1909, .
Erie & Pittsburgh 3£s, 1940,
Huntingdon & Broad Top 4s, 1920,
Iron Mountain 5s, 1911, .
Lehigh Valley 4£s, 1910, .
Lehigh Valley 4s, 2003, .
Lehigh Valley Coal Co. (Snow Shoe) 5s, 1910,
Long Island refunding 4s, 1949,
Market Street Elevated 4s, 1955,
N. Y. Cent. & Hudson R. (Lake S. Col.) 3£s, 1998,
Book Value.
$7,234 00
15,000 00
16,000 00
5,000 00
5,216 67
20,000 00
5,712 50
23,425 00
8,360 00
1,500 00
10,500 00
59,000 00
39,248 75
13,780 87
2,000 00
23,937 50
20,000 00
16,622 50
11,550 00
24,598 05
24,458 89
70,000 00
49,313 88
19,050 00
• 9,950 00
50,000 00
49,640 97
21,025 00
25,000 00
50,000 00
50,000 00
20,000 00
50,000 00
50,000 00
31,930 12
$37,264,709 00
21,060,919 00
1,769,228 00
6,274,000 00
40,000 00
59,800 00
Company.
Rate. Market Value.
255 $8,925 00
103|
100
100
100|
100
105
HOf
103f
100
100
94|
109£
103*
100
92i
94$
108
104
95
94^
99f
91f
90
112
99
96 '
100
100
98f
97*
100
99
99
86*
15,506 25
16,000 00
5,000 00
5,025 00
20,000 00
5,250 00
22,150 00
8,290 00
1,500 00
10,500 00
55,607 50
38,325 00
13,938 75
2,000 00
23,062 50
18,975 00
16,200 00
11,440 00
23,750 00
23,625 00
69,825 00
45,812 50
18,000 00
11,200 00
49,500 00
48,000 00
20,000 00
25,000 00
49,312 50
48,625 00
20,000 00
49,500 00
49,500 00
30,187 50
THE GEORGIA HOME INSURANCE CO,
223
N. Y., Phila. & Norfolk 1st mortgage 4s, 1939,
Norfolk & Western 4s, 1996,
Norfolk & Western 4s, 1911,
Norfolk & Western 4s, 1944,
Norfolk & Western 4s, 1914,
Pennsylvania 4^s, 1913,
Pennsylvania Co. 3^s, 1916,
Pennsylvania Co. 3£s, 1944,
Pittsburgh, Chartiers & Youghiogheny 4s, 1932,
Pitts., Cin., Chicago & St. Louis 3£s, 1949,
Reading Co. R.R. & Marine equip, trust 4^s, 1908
Richmond-Washington 4s, 1943,
Rio Grande Western 4s, 1949, .
River Front 4^s, 1912,
Shamokin, Sunbury & Lewisburg 5s, 1912,
St. Louis & San Francisco 4s, 1909,
St. Louis & San Francisco 4s, 1909, .
St. Louis & San Francisco 5s, 1908, .
Southern Car trust 4s, 1907,
United Rys. of St. Louis, Mo., 4s, 1934,
West Jersey 6s, 1909,
West Jersey & Seashore 4s, 1936,
West Jersey & Seashore 3^s, 1936,
Wilmington & Northern 4s,
Wilmington & Weldon 4s, 1935,
Miscellaneous Bonds.
Delaware River Ferry Co. 5s, 1921,
Edison Electric Light Co. 5s, 1946,
Erie & Western Transportation 4s, 1925,
Girard Point Storage Co. 3£s, 1940, .
Infantry Battalion, State Fen., N. G., Pa., 6s,
Lehigh Coal and Navigation Co. 4s, 1914, .
Newport & Cincinnati Bridge Co. 4^s, 1945,
Philadelphia Co., Pittsburgh, Pa., 5s, 1949,
Susquehanna Coal Co. 6s, 1911,
Book Value.
$50,000 00
20,000 00
73,801 66
24,566 67
29,575 00
31,200 00
98,134 47
46,756 25
50,000 00
50,000 00
50,000 00
5,000 00
22,894 45
16,780 00
10,594 45
23,872 22
23,504 16
10,000 00
20,000 00
41,372 21
25,000 00
25,000 00
100,000 00
59,986 66
50,000 00
5,000 00
29,775 00
25,000 00
16,329 83
2,000 00
10,000 00
25,000 00
5,000 00
16,825 00
$1,992,022 73
Rate.
101
98£
96f
96
94£
102
95£
88f
94
90^
99^
102*
87
102J
104*
98|
98i
100
99*
85
104
102i
93i
100
100
100
105f
100
87
100
101
106
107
105
Market Value.
$50,500 00
19,700 00
72,281 25
24,000 00
28,237 50
30,600 00
95,500 00
44,312 50
47,000 00
45,250 00
49,750 00
5,125 00
21,750 00
16,360 00
10,450 00
24,531 25
24,531 25
10,000 00
19,900 00
38,250 00
26,000 00
25,531 25
93,250 00
60,000 00
50,000 00
5,000 00
31,725 00
25,000 00
17,400 00
2,000 00
10,100 00
26,500 00
5,350 00
15,750 00
1,951,167 50
THE GEORGIA HOME INSURANCE COMPANY, COLUMBUS, GA.
Incorporated 1859. Commenced business 1859.
Paid-up Capital, $300,000.
RHODES BROWNE, President. WM. C. COART, Secretary.
Home Office, 10 46 Broad Street.
Income.
Net fire premiums, $568,126 63
Interest on mortgage loans, $10,952.51; collaterals, $2,198.34
stocks and bonds, $22,348.81; all other, $4,306.51, . 39,806 17
Rents, including company's own occupancy, ... . . 9,591 35
Profit and loss, 250 00
Increase in book value of stocks, ...... 2,175 00
Total income, . . . . .
Ledger assets, Dec. 31, 1905, ....
Total,
Disbursements.
Net amount paid for fire losses,
Interest and dividends to stockholders, .
Commissions or brokerage, ....
$619,949 15
1,034,603 94
$1,654,553 09
$230,154 53
30,000 00
113,957 41
224
THE GEORGIA HOME INSURANCE CO.
Salaries, fees, etc., of officers and employees,
Rents, including company's own occupancy,
Repairs and expenses on real estate, ....
Real estate taxes, $2,988.22; other taxes and fees, $32,088.01,
Loss on sale or maturity of ledger assets,
Reduction in book value of bonds, .....
Advertising and stationery, ......
Legal expenses, ........
Open ledger accounts charged off, . . . . .
Borrowed money, ........
Interest, .........
Total disbursements, ......
$95,210 04
1,927 50
1,752 55
35,076 23
1,151 53
6,375 75
11,284 81
482 49
2,183 45
5,083 87
2,890 32
$537,530 48
Balance, ......
Ledger Assets.
Real estate, $127,000; mortgages, $162,672.58,
Loans secured by collateral (schedule A),
Stocks and bonds (schedule B),
Cash in banks and office, ....
Agents' balances, ......
Open ledger accounts, .....
,117,022 61
$289,672 58
46,900 00
570,640 60
100,190 83
106,098 67
3,519 93
Total ledger assets, ....
Non-Ledger Assets.
Market value of stocks and bonds over book value,
,117,022 61
3,791 28
Gross assets, . . $1,120,813 89
Assets not admitted.
Agents' balances over three months due, . . $2,873 14
Open ledger accounts, ..... 3,519 93
Special deposits less $101,843.32 liabilities
thereon, 26,147 93
Total unadmitted assets, . . . 32,541 00
Total admitted assets,
Liabilities.
Unpaid losses, including $1,100 resisted,
Less reinsurance, .....
Unearned premiums on outstanding risks,
Dividends due stockholders, .
Due for reinsurance, . . .
Borrowed money, .....
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$42,961 56
5,462 06
$538,902 69
,088,272 89
$37,499 50
459,934 49
180 00
851 37
50,904 84
$549,370 20
300,000 00
238,902 69
Total liabilities,
,088,272 89
THE GEORGIA HOME INSURANCE CO.
225
Risks and Premiums.
,943,561 00
41,377,282 00
$91,320,843 00 $1,614,426 06
27,853,284 00 673,447 56
,467,559 00
5,758,415 00
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured, . . ■ .
Net amount in force, . . . . $
Miscellaneous.
Fire losses incurred during the year,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors,
Schedule A. Securities held as Collateral
150 shares Swift Mfg. Co., Columbus, Ga., .
10 " Swift Mfg. Co., Columbus, Ga., .
40 " National Bank, Columbus, Ga., .
12 " Columbus Mfg. Co.,
5 " Planters & Merchants Bank, Ozark, Ala.,
Hamburger Mfg. Co., Columbus, Ga., bonds,
Columbus, Ga., bonds, ......
300 shares No. Highlands Land & Imp. Co., Columbus, Ga.,
8 " National Bank, Columbus, Ga., .
75 " National Bank, Columbus, Ga., .
Premiums.
$795,690 11
818,735 95
$940,978 50
81,588 37
,709,144 00
$859,390 13
$232,572 00
.
30,000 00
•
45,700 00
OLLATERAL.
Company's
Loaned
Market Value.
Thereon.
. $52,500 00
$22,500 00
3,500 00
800 00
7,200 00 1
1,200 00 J
7,000 00
675 00
500 00
1,000 00
850 00
1,000 00
1,000 00
. 15,000 00
5,500 00
1,440 00
500 00
. 13,500 00
8,250 00
$97,015 00
$46,900 00
Schedule B. Stocks and Bonds
Bank Stocks.
75 shares Home Savings, Columbus, Ga., .
482 " National, Columbus, Ga., .
50 " Trust Co. of Georgia, Atlanta, Ga., .
Miscellaneous Stocks.
85 shares City Mills Co., Columbus, Ga.,
25
204
50
120
3
100
260 '
606
OWNED BY THE COMPANY.
Book Value. Rate. Market Value.
$9,375 00 125 $9,375 00
86,760 00 175 84,350 00
5,500 00
120
6,000 00
Col. Ice & Cold Storage Co., Ga.,
Columbus Mfg. Co., Ga., .
Columbus Savings Loan Co., Ga.,
Empire Mills Co., Columbus, Ga.,
Gen. Adj. Bureau, Chicago, 111.,
Hamburger Mfg. Co., Columbus, Ga.,
Muscogee Mfg. Co., Columbus, Ga.,
Swift Mfg. Co., Columbus, Ga., .
1 share Tallassee Falls Co., Tallassee, Ala.,
5 shares Underwriters' Sal. Corp., N. Y. City,
Government Bonds.
United States 4s, 1907, .
United States reg. 3s, 1918,
United States reg. 3s, 1918,
State and Municipal Bonds.
Ann Arbor, Mich., 4s, 1933-4,
Clarksville, Va., 6s, 1934, .
Columbus, Ga., 3^ s, 1931,
Columbus, Ga., 4£s, 1927-28,
Columbus, Ga., 5s, 1909, .
Louisiana 4s, 1914, .
Massachusetts 3^s, 1938, .
21,250
00
250
21,250 00
2,500
00
100
2,500 00
20,400
00
100
20,400 00
1,100
00
100
1,100 00
15,000
00
150
18,000 00
150
00
100
150 00
15,000
00
175
17,500 00
13,000
00
50
13,000 00
212,100
00
350
212,100 00
2,625
60
75
1,968 75
500
00
100
500 00
20,000
00
101
20,200 00
20,000
00
ioif
20,350 00
500
00
101f
508 75
10,300
00
101*
10,150 00
1,000
00
114|
1,147 50
11,400
00
90i
10,860 00
2,000
00
105*
2,105 00
500
00
lOlf
506 88
10,000
00
100^
10,050 00
10,300
00
101
10,100 00
226
GERMAN ALLIANCE INSURANCE CO,
Milwaukee, Wis., 4s, 1919-23,
Montgomery, Ala., 6s, 1924,
Montgomery, Ala., 4^s, 1929,
New York, N. Y., 3£s, 1953,
New York, N. Y., 3^s, 1954,
Norfolk, Va., 4s, 1930,
Opelika, Ala., 5s, 1934,
St. Louis, Mo., 4s, 1918, .
South Bend, Ind., 4s, 1925,
Virginia 3s, 1932, .
Miscellaneous Bonds.
Columbus Automatic Telephone Co., Ga., 6s, 1923,
Hamburger Mfg. Co., Columbus, Ga., 6s, 1913,
Book Value.
Rate.
Market Value.
$10,200
00
102
$10,200 00
9,000
00
119|
10,743 75
5,000
00
103£
5,175 00
9,300
00
9H
9,150 00
930
00
91f
913 75
2,000
00
97
1,940 00
4,000
00
102
4,080 00
10,400
00
102f
10,275 00
11,000
00
103
10,300 00
14,550
00
95|
14,362 50
1,000
00
100
1,000 00
2,000
00
106
2,120 00
$570,640
60
$574,431 88
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.
Income.
Net fire premiums,
Interest on mortgage loans, $1,565.43; stocks and bonds, $50,-
153.61; deposits, $532.67,
Profit on sale or maturity of stocks, .
Total income, ........
Ledger assets, Dec. 31, 1905, '.
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, .........
Total disbursements, .......
Balance, . . . . .
Ledger Assets.
Mortgages, ..........
Stocks and bonds (schedule A), . . . - .
Cash in banks and office, .......
Agents' balances, .........
Total ledger assets, .......
Non-Ledger Assets.
Interest accrued : —
On mortgages, $283; bonds, $3,502, . .
Market value of stocks and bonds over book value, .
Gross assets, .........
$560,440 31
52,251 71
38,950 95
$651,642 97
1,375,743 59
$2,027,386 56
$479,370 87
48,000 00
154,038 19
5,095 76
12,456 95
,961 77
11,328,424 79
$34,000 00
1,143,953 98
46,576 41
103,894 40
51,328,424 79
3,785 00
35,995 46
.,368,205 25
GERMAN ALLIANCE INSURANCE CO.
227
Assets not admitted.
Special deposits less $33,821.41 liability thereon,
Total admitted 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,
$67,366 09
. $1,300,839 16
$810,068 33
,453 53
400,317 30
,770 83
400,000 00
410,068 33
,300,839 16
Total liabilities, .......
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1905, . . $65,447,803 00 $669,761 91
Fire risks written during 1906, . . . 64,658,967 00 693,738 79
Total, . .
Risks expired and terminated,
In force at end of year, .
$130,106,770 00 $1,363,500 70
57,240,334 00 597,884 54
$72,866,436 00 $765,616 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,
Dividends declared during the year (12 per cent.),
Company's stock owned by directors,
53,612,450 00
2,160,685 00
500,809 00
216,000 00
48,000 00
67,000 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
200 shares Baltimore & Ohio, preferred, .
30 " Baltimore & Ohio, common,
200 " Chicago & Northwestern, pref.,
76 " Chicago & Northwestern, common,
300 " Erie 1st preferred, .
500 " Hocking Valley, preferred,
300 " Manhattan Elevated,
2,437 " Pennsylvania,
100 " Rensselaer & Saratoga, .
1,000 " Southern, preferred,
100 " Third Avenue,
500 " Union Pacific, preferred,
Bank Stocks.
228 shares Citizen's Cen. Nat., New York,
125 " Nat. Bk. of Commerce, New York,
Miscellaneous Stocks.
200 shares Amer. Sugar Refining Co., pref.,
85 " Consolidated Gas Co., New York,
10 " Underwriters' Salvage Co. of N. Y.,
Government Bonds.
United States 4s, 1925, ....
United States 2s, 1930, ....
State and Municipal Bonds.
Massachusetts 3*s, 1913, ....
Massachusetts 3*s, 1942, ....
New York, N. Y., 3*s, 1928,
Book Value.
$19,575 00
3,000 00
32,837 50
7,600 00
24,487 50
41,100 00
42,337 50
148,914 89
18,250 00
93,287 50
13,750 00
41,650 00
38,020 00
24,056 25
27,737 50
17,352 50
1,000 00
159,781 28
10,605 73
19,451 18
1,067 50
79,070 49
Rate.
921
119*
230
198i
75
93*
142|
138f
200
94
121*
94
142*
181
130
138
100
129f
104*
100i
101
94£
Market Value.
$18,450 00
3,585 00
46,000 00
15,067 00
22,500 00
46,750 00
42,825 00
168,609 94
20,000 00
94,000 00
12,150 00
47,000 00
32,490 00
22,625 00
26,000 00
11,730 00
1,000 00
168,512 50
10,450 00
19,047 50
1,010 00
70,687 50
228
GERMAN-AMERICAN INSURANCE CO,
Railroad Bonds.
Atchison, Top. & Santa Fe gen. mort. 4s, 1995,
Atchison, Topeka & Santa Fe 4s, 1912,
Central of New Jersey 5s, 1987,
Central of New Jersey 5s, 1987,
Chic, Bur. & Q. (Illinois Div.), 3^s, 1949. .
Chicago & Eastern Illinois 6s, 1934, .
Erie 4s, 1953,
Kanawha & Hocking Coal & Coke Co. 5s, 1951,
Missouri, Kansas & Texas first 4s, 1990,
Northern Pacific-Gr. Northern joint 4s, 1921,
Oregon Short Line 4s, 1929,
Second Avenue 5s, 1948, .
Southern 5s, 1994,
Utah & Northern 7s, 1908,
Miscellaneous Bonds.
American Tobacco Co. 4s, 1951,
Consolidated Gas Co. 6s, 1909, .
Edison Elec. Illuminating Co., N. Y., 5s, 1995,
Western Union Telegraph Co. 5s, 1938,
Book Value.
$9,917 23
23,625 00
11,212 50
11,156 00
1,500 00
32,125 00
2,000 00
20,500 00
21,766 25
27,992 50
24,281 25
27,531 25
11,723 64
24,000 00
14,870 75
1,000 00
11,695 83
2,124 46
1,143,953 98
Rate.
100
96^
126
126
91f
131
101
102
97^
96£
931
105
113f
102|
74f
137
117
103
Market Value.
$10,000 00
24,125 00
12,600 00
12,600 00
1,835 00
32,750 00
2,020 00
20,400 00
24,375 00
27,125 00
23,375 00
26,250 00
11,375 00
20,550 00
14,950 00
1,370 00
11,700 00
2,060 00
$1,179,949 44
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, $9,736.42; collaterals, $851.71
stocks and bonds, $562,054.39; all other, $10,961 .03, .
Rents, .........
Profit on sale or maturity of ledger assets,
Agents' balances previously charged off, ....
Dividend Merchants' Trust Co., New York (in liquidation),
Total income, ........
Ledger assets, Dec. 31, 1905, ......
Total,
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, $3,645.61; other taxes and fees, $188,038.73
Loss on sale or maturity of bonds, .
Agents' balances charged off, .
Advertising, printing and stationery,
Furniture, lighting, etc.,
Maps, surveys, underwriters boards, mercantile reports, etc.
Postage, express, exchange, telegrams and telephone,
$6,397,152 51
583,603 55
1,934 09
418,979 70
1,597 66
2,835 00
. $7,406,102 51
. 13,804,899 10
$21,211,001 61
14,860,716 43
450,000 00
1,158,332 99
284,073 42
38,737 63
151 39
191,684 34
1,302 74
5,57100
68,709 92
13,357 04
128,743 79
64,992 55
GERMAN-AMERICAN INSURANCE CO. 229
Traveling expenses and inspections, ..... $185,015 55
All other disbursements, . ...... 72,055 43
Total disbursements, $7,523,444 22
Balance, $13,687,557 39
Ledger Assets.
Real estate, $564,848.50; mortgages, $239,000, . . . $803,848 50
Stocks and bonds (schedule A), 11,042,693 29
Cash in banks and office, ....... 728,615 38
Agents' balances, 1,112,400 22
Total ledger assets, $13,687,557 39
Non-Ledger Assets.
Interest accrued : —
On mortgages, $3,321; bonds, $39,105; other assets, $8,714.36, 51,140 33
Market value of stocks and bonds over book value, . . . 463,379 21
Gross assets,* $14,202,076 96
Assets not admitted.
Agents' balances over three months due, . $25,323 91
Special deposits less $194,928.39 liability
thereon, 58,990 36
Total unadmitted assets, . . . — — — - 84,314 27
Total admitted assets, $14,117,762 69
Liabilities.
Unpaid losses, including $67,490 resisted, . $961,516 00
Less reinsurance, 289,340 80 $672,175 20
Unearned premiums on outstanding risks, . $6,036,208 03
Plus same on disallowed reinsurance, . . 6,209 50 6,042,417 53
Salaries and other miscellaneous expenses, due or accrued, . 24,438 46
Commissions and other charges due agents and brokers, . . 52,266 35
Due for return premiums, $4,850.94; reinsurance, $383,738.10, 388,589 04
All liabilities, except capital and surplus, .... $7,179,886 58
Surplus to policy holders, .... $6,937,876 11
Paid-up capital, 1,500,000 00
Surplus over capital and general liabilities, .... 5,437,876 11
Total liabilities, $14,117,762 69
Risks and Premiums.
Premiums.
$1,240,226,704 00 $11,675,788 06
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
1,023,879,062 00 10,036,695 40
!,264,105,766 00 $21,712,483 46
854,423,848 00 8,463,784 63
$1,409,681,918 00 $13,248,698 83
257,545,144 00 1,856,970 69
Net amount in force, ... $1,152,136,774 00 $11,391,728 14
* Including $750,000 special reserve held under New York law.
230
GERMAN-AMERICAN 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 (30 per cent.),
Company's stock owned by directors, . .
$87,348,285 00
47,529,785 00
5,000,854 00
7,065,000 00
450,000 00
210,000 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
100 shares Albany & Susquehanna,
500 " Atchison, Top. & Santa Fe, pref.,
1,900 " Baltimore & Ohio, preferred, .
690 " Baltimore & Ohio, common,
1,000 " Cayuga & Susquehanna,
1,500 " Chic, Milwaukee & St. Paul, pref.,
750 " Chic, Mil. & St. Paul, pref. (10% pd.),
375 " Chic, Mil. &St. Paul, com. (10% pd.),
1,500 rights Chic, Milwaukee & St. Paul, .
700 shares Chic. & Northwestern, preferred,
200
1,500
200
1,000
1,222
300
2,000
100
245
1,200
2.633
200
1,000
390
10
1,500
950
450
500
100
500
3,100
1,200
3,500
Cleveland, C. C. & St. Louis, pref.,
Delaware & Hudson,
Detroit, Hillsdale & Southwestern,
Erie, first preferred,
Hocking Valley, preferred, :
Lake Erie & Western, preferred,
Manhattan Elevated,
Minneapolis & St. Louis, pref.,
Mobile & Birmingham, .
Morris & Essex,
New York & Harlem,
New York, Lackawanna & West.,
Norfolk & Western, preferred,
Northern Pacific, .
Northern Securities,
Pennsylvania,
Pittsburg, C. C. & St. Louis, pref.,
Pittsburg, Ft. Wayne & Chicago,
Rensselaer & Saratoga, .
St. L. & S. F. (tr. cert., C. & E. I.),
Second Avenue,
Southern, preferred,
Third Avenue,
Union Pacific, preferred,
Bank Stocks.
100 shares Am. Ex. Nat., New York, N. Y.,
475 " Cit. Cen. Nat., New York, N. Y.,
400 " Fourth Nat., New York, N. Y.,
221 " German Amer., New York, N. Y.,
90 " Merchants' Nat., New York, N. Y.
526 " Nat. of Com., New York, N. Y.,
400 " New York Trust Co., N. Y., .
Miscellaneous Stocks.
1,500 shares Amer. Sugar Refining Co., pref.,
500 " American Tel. & Tel. Co.,
570 " Consolidated Gas Co., .
816 " Pullman Co.,
233 " Realty Associates,
750 " Standard Oil Co., .
20 " Underwriters' Sal. Co. of N. Y.,
Government Bonds.
United States 4s, 1925, ....
State and Municipal Bonds.
Brooklyn, N. Y., 3*s, 1936,
New Mexico, 6s, 1923, . . . .
New York, N. Y., 3s, 1907, ...
New York, N. Y., 3*s, 1928, .
Book Value.
$17,000 00
51,750 00
178,700 00
69,000 00
40,500 00
229,040 95
7,500 00
3,750 00
111,285 00
23,600 00
247,378 70
19,400 00
74,325 00
86,906 28
33,037 50
273,950 00
8,400 00
22,603 73
98,100 00
385,734 50
23,600 00
91,525 00
74,193 37
1,902 91
104,231 25
92,793 75
86,962 50
90,500 00
12,968 33
104,762 51
289,043 75
158,200 00
307,250 00
17,100 00
74,355 88
70,000 00
17,901 00
6,750 00
105,028 00
260,000 00
202,925 00
70,560 00
107,724 00
143,755 00
30,475 00
251,017 50
2,000 00
135,591 20
102,500 00
11,700 00
448,175 00
53,750 00
Rate.
245
99
92*
119*
220
162f
100
100
33*
230
110
222
104
75
93*
80
142f
90
91*
182
380
127f
90
185*
165
138f
104
173
200
185
197
94
121*
94
247
142*
212*
150
160
181
725
130
133*
138
182 '
160
528
100
Market Value.
$24,500 00
49,500 00
175,275 00
82,455 00
66,000 00
244,125 00
7,500 00
3,750 00
50,250 00
161,000 00
22,000 00
333,000 00
20,800 00
75,000 00
114,257 00
24,000 00
285,500 00
9,000 00
22,417 50
109,200 00
500,270 00
25,475 00
90,000 00
72,247 50
1,650 00
103,781 25
98,800 00
77,850 00
100,000 00
18,500 00
98,500 00
291,400 00
145.800 00
329,000 00
24,700 00
67,687 50
85,000 00
24,862 50
7,200 00
95,206 00
290,000 00
195,000 00
66,750 00
78,660 00
148,512 00
37,280 00
396,000 00
2.000 00
129f 136,106 25
93^
109f
99*
94*
93,125 00
10,975 00
451,587 50
47,125 00
GERMAN-AMERICAN INSURANCE CO.
231
New York, N. Y., 3*s, 1927,
New York, N. Y., 3*s, 1928,
New York, N. Y., 3s, 1908,
New York, N. Y., 3*s, 1929,
New York, N. Y., 3*s, 1941,
New York, N. Y., 4£s, 1908,
Toronto, Canada, 3*s,1912,
Railroad Bonds
Atchison, Topeka & Santa Fe general 4s, 1995,
Atchison, Topeka & Santa Fe 4s, 1955,
Atlantic Coast Line first 4s, 1952,
Atlantic Coast Line (Louis. & Nash.) 4s, 1952,
Baltimore & Ohio 4s, 1948,
Bait. & Ohio (Pitts., Lake Erie & W. Va.) 4s, 1941
Bait. & Ohio (Southwestern Div.) 3*s, 1925,
Central of New Jersey 5s, 1987,
Central of New Jersey 5s, 1987,
Chesapeake & Ohio 4*s, 1992, .
Chicago & Alton 3s, 1949, .
Chicago & Alton 3*s, 1950,
Chicago & Eastern Illinois 6s, 1934, .
Chicago & Northwestern 5s, 1929,
Chicago & Northwestern 6s, 1929,
Chicago & Northwestern 5s, 1933,
Chic, Mil. & St. Paul (C. & P. W.) 5s, 1921,
Chic, Mil. & St. Paul (La Crosse) 5s, 1919,
Chic, Mil. & St. Paul (So. Minn.) 6s, 1910, .
Chicago, Rock Island & Pacific 6s, 1917,
Cleveland, Col., Cin. & Ind. 6s, 1934,
Cleve., Cin., Chic. & St. L. (St. L. Div.) 4s, 1990,
Columbus & Ninth Avenue 5s, 1993,
Delaware & Hudson 4s, 1916,
El Paso, Rock Island, 5s, 1951,
Erie 7s, 1920, ....
Erie general lien 4s, 1996,
Erie 4s, 1953, ....
Erie (Pennsylvania col.) 4s, 1951,
Hocking Valley 4*s, 1999,
Kanawha & Hock. Coal & Coke Co. 5s, 1951,
Lake Shore & Michigan Southern 4s, 1928, .
Lexington Ave. & Pavonia Ferry 5s, 1993, .
Little Miami 5s, 1912, ....
Louisville & Nashville 4s, 1940,
Louisville & Nashville (Southern) 4s, 1952,.
Louisville & Nash. & Mobile & Mont. 4*s, 1945,
Metropolitan Street 5s, 1997,
Minneap., Lyndale & Minnetonka St. 5s, 1919,
Minneapolis & St. Louis 4s, 1949,
Minneapolis & St. Louis (Iowa Ext.) 7s, 1909,
Minneapolis, St. Paul & Sault Ste. Marie 4s, 1938
Missouri' Pacific 5s, 1920, ....
Missouri Pacific 5s, 1917, ....
Mobile & Ohio (Montgomery) 5s, 1947,
Montana Central 6s, 1937,
Nashville, Chattanooga & St. Louis 5s, 1928,
New York, Chicago & St. Louis 4s, 1937, .
New York, Lackawanna & Western 6s, 1921,
New York, Susquehanna & Western 5s, 1937,
N. Y., Susquehanna & Western Term. 5s, 1943,
Norfolk & Western (Pocahontas) 4s, 1941,
Northern Pacific-Great Northern 4s, 1921,
Oregon Short Line 4s, 1929,
Pennsylvania convertible 3*s, 1915,
Pennsylvania Co. 4*s, 1921,
Pennsylvania Co. 4*s, 1921,
Rio Grande-Western 4s, 1939, .
Southern 5s, 1994, .
Southern (Memphis Div.) 5s, 1996,
Southern Pacific 4s, 1955,
Southern Pacific (Cent. Pacific coll.) 4s, 1949,
St. Lawrence & Adirondack 5s, 1996,
Book Value.
$26,937 50
54,210 00
98,500 00
53,990 00
26,856 08
153,675 00
106,370 00
46,310 83
4,000 00
25,343 75
200,000 00
100,000 00
49,468 92
46,135 47
58,465 50
16,718 75
103,563 33
22,283 75
21,086 34
31,446 00
68,067 80
39,850 00
60,489 25
33,675 00
65,400 00
11,737 50
64,000 00
13,382 50
46,000 00
29,372 00
57.023 00
52,615 00
210,487 50
84,075 42
7,000 50
164,411 75
83,130 65
82,000 00
95,000 00
29,000 00
27,500 00
50,830 55
90,737 65
104,000 00
36,579 86
21,500 00
9,750 00
12,625 00
24,562 50
85.024 15
10,250 00
55,187 50
65,925 00
24,937 50
46,575 00
130,000 00
25,000 00
26,968 75
86,750 00
148,613 34
193,069 45
237,740 64
40,330 00
47,730 00
16,882 14
173,604 95
87,375 00
48,505 29
22,953 81
27,125 00
Rate.
94*
94£
98*
94*
921
100
97*
100
104*
96
89
100f
94|
90*
126
126
103f
78*
75*
131
106
111
112*
m*
1101
1051
117
132
99f
114
107
109
126f
87*
101
89f
104*
102
98
H2|
104*
100
92
105*
105f
104
93
106
99*
1041
103*
110
1321
112*
lOlf
123*
1131
115
91*
96^
931
93
105*
105*
94
113f
116*
94f
89
117*
Market Value.
$23,625 00
47,125 00
98,500 00
47,062 50
23,125 00
150,000 00
106,837 50
50,000 00
4,180 00
24,000 00
178,000 00
100,750 00
47,437 50
45,250 00
63,000 00
18,900 00
103,625 00
19,625 00
18,875 00
32,750 00
66,780 00
38,850 00
61,875 00
33,450 00
66,150 00
10,525 00
58,500 00
13,200 00
49,875 00
28,500 00
60,990 00
54,500 00
189,562 50
87,500 00
7,070 00
157,062 50
78,375 00
81,600 00
98,000 00
28,093 75
26,125 00
50,000 00
92,000 00
105,250 00
36,968 75
26,000 00
9,300 00
10,600 00
24,875 00
85,690 00
10,350 00
55,000 00
72,875 00
28,125 00
45,787 50
123,125 00
28,312 50
28,750 00
91,250 00
145,312 50
187,000 00
220,410 00
39,035 00
45,365 00
16,920 00
170,625 00
87,375 00
47,375 00
22,250 00
29,375 00
232
THE GERMAN-AMERICAN FIRE INSURANCE CO.
St. Louis Iron Mountain & Southern 4s, 1929,
St. Louis, Iron Mountain & Southern 5s, 1931,
St. Lo., Iron Mt. & So. (River & G. Div.) 4s, 1933
St. Louis & San Francisco 4s, 1951, .
St. Paul, Minnesota & Manitoba 6s, 1933,
Santa Fe, Prescott & Phoenix 5s, 1942,
34th St. Crosstown 5s, 1996,
Troy (N. Y.) City 5s, 1942,
Union Pacific 4s, 1947,
Utah & Northern 7s, 1908,
West Shore 4s, 2361,
West Shore 4s, 2361,
Miscellaneous Bonds.
American Tel. & Tel. 4s, 1929, .
American Tel. & Tel. 4s, 1936, .
American Tobacco Co. 4s, 1951,
Edison Elec. Ilium. Co. of N. Y. 5s, 1995,
N. Y. Gas & Elec. Light, Ht. & Pow. Co. 4s, 1949
N. Y. Gas & Elec. Light, Ht. & Pow. Co. 5s, 1948
Standard Gas Light Co. 5s, 1930,
United States Steel Corporation 5s, 1963,
Western Union Telegraph Co. 5s, 1938,
Book Value.
Rate.
Market Value.
$45,436
30
89
$44,500 00
84,680
01
113£
85,125 00
92,750
00
92
92,000 00
44,397
24
82
41,000 00
87,541
25
132
93,720 00
30,450
00
107£
31,175 00
56,250
00
106
53,000 00
26,250
00
111
27,750 00
51,760
56
102
51,000 00
20,623
58
102f
18,495 00
47,135
00
103^
45,540 00
6,427
50
103^
6,210 00
96,500
00
90
90,000 00
28,350
00
92
27,600 00
37,881
68
74|
37,375 00
37,829
17
117
40,950 00
23,312
50
82
20,500 00
27,166
65
103
25,750 00
29,125
00
107
26,750 00
90,912
07
96|
96,750 00
26,000
00
103
$
25,750 00
$11,042,693
29
11,506,072 50
THE GERMAN-AMERICAN FIRE INSURANCE COMPANY,
BALTIMORE, MD.
Incorporated June 10, 1880. Commenced business Sept. 29, 1880.
Paid-up Capital, $200,000.
MARTIN MEYERDIRCK, President. T. H. MANSON, Secretary.
Home Office, 1+11 E. Baltimore Street.
Income.
Net fire premiums, . . . .
Interest on mortgage loans, $8,785.69; collaterals, $155.56
stocks and bonds, $8,375.04; all other, $16.90, . . '.
Rents, ..........
Total income, ......
Ledger assets, Dec. 31, 1905, ....
Total,
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, $1,160.63; other taxes and fees,
Reduction in book value of ledger assets, .
Advertising, printing, stationery, etc.,
Total disbursements, ....
Balance, ......
Ledger Assets.
Real estate, $52,133.69; mortgages, $176,111.71,
Stocks and bonds (schedule A),
L,276.69,
$190,861 35
17,333 19
2,911 98
$211,106 52
437,507 98
$648,614 50
$55,826 25-
12,140 31
43,416 79
11,507 91
723 17
• 5,437 32
9,525 62
7,211 14
$145,788 51
$502,825 99
$228,245 40
207,319 00
THE GERMAN-AMERICAN FIRE INSURANCE CO.
233
Cash in banks and office, .......
Agents' balances, . . . . . ' • .
Deposit with Philadelphia Tariff Association, ....
Total ledger assets, . . . . .
Non-Ledger Assets.
Interest accrued : —
On mortgages, $2,009.77; bonds, $3,149.24, . . . .
Rents due on company's property, . . . . . .
Gross assets, .........
Assets not admitted.
Agents' balances over three months due, . . $148 99
Deposit with Philadelphia Tariff Association, . . 200 00
Book value of stocks and bonds over market value, . 3,653 37
Total unadmitted assets, ....
Total admitted assets, .......
Liabilities.
Unpaid losses, .........
Unearned premiums on outstanding risks, .....
Reclaimable on perpetual fire policies, .....
Dividends due stockholders, .......
Salaries and other miscellaneous expenses, due or accrued,
Commissions and other charges due agents and brokers,
Due for return premiums, $4,316.68; reinsurance, $2,209.65, .
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, . ...
Surplus over capital and general liabilities,
$320,063 92
Total liabilities,
Risks and Premiums.
$36,147 62
30,913 97
200 00
$502,825 99
5,159 01
65 00
$508,050 00
4,002 36
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force, ....
Perpetual risks in force (not included above), .
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 j^ear (6 per cent.),
Company's stock owned by directors,
$27,685,801 00
26,548,631 00
$54,234,432 00
19,585,435 00
$34,648,997 00
1,248,207 00
$33,400,790 00
$22,275 00
$504,047 64
$8,383 54
161,044 77
623 37
559 13
450 00
6,396 58
6,526 33
$183,983 72
200,000 00
120,063 92
$504,047 64
Premiums.
$244,308 65
240,264 03
$484,572 68
175,099 56
$309,473 12
14,022 14
$295,450 98
$623 37
,644,423 00
951,253 00
55,310 00
301,800 00
12,000 00
48,175 00
234
GERMAN FIRE INSURANCE CO. OF PEORIA.
Schedule A. Stocks and Bonds owned by the Company.
Bank Stocks.
132 shares Citizens' Nat'l, Baltimore, Md., .
100 " Merchants' Nat'l, Baltimore, Md.,
133 " Nat'l Exchange, Baltimore, Md.,
50 " Nat'l Mechanics', Baltimore, Md.,
28 " Second Nat'l, Baltimore, Md., .
100 " Western Nat'l, Baltimore, Md., .
Miscellaneous Stocks.
3 shares General Adjustment Bureau,
150 " Merchants' & Miners' Transpor. Co.,
105 " U. S. Fidelity & Guaranty Co., .
Municipal Bonds.
Baltimore, Md., 3£s, 1940,
Baltimore, Md., 3£s, 1930,
Baltimore, Md., 5s, 1916, .
Baltimore, Md., 5s, 1916, .
Baltimore, Md., 3$s, 1954,
Baltimore, Md., 4s, 1925, .
Baltimore, Md., 3^s, 1928,
Baltimore, Md., 3£s, 1945,
Miscellaneous Bonds.
Baltimore Co. Water & Electric Co. 5s, 1946,
Book Value.
Rate.
Market Value.
$3,828
00
300
$3,960 00
17,300
00
173
17,300 00
23,674
00
180
23,940 00
1,250
00
260
1,300 00
5,264
00
192
5,376 00
3,700
00
190
3,800 00
150
00
100
150 00
27,450
00
180
27,000 00
11,550
00
108*
11,366 25
39,964
00
100
38,800 00
8,466
00
100
8,300 00
5,184
00
111*
5,352 00
3,024
00
111*
3,122 00
32,100
00
100
30,000 00
1,605
00
106f
1,599 38
6,630
00
100
6,500 00
6,180
00
100
6,000 00
10,000
00
98
9,800 00
$207,319
00
$203,665 63
GERMAN FIRE INSURANCE COMPANY OF PEORIA,
PEORIA, ILL.
Incorporated 1876. Commenced business May, 1876.
Paid-up Capital, $200,000.
BERNARD CREMER, President. CHARLES CREMER, Secretary.
Home Office, 121+ Bridge Street.
Income.
Net fire premiums, .......
Interest on mortgage loans, $20,040.51; collaterals, $1,006
stocks and bonds, $8,351 ; deposits, $1,050.10,
Rents, ......
Borrowed money, .....
Assessment on capital, . . . . •
Total income, ....
Ledger assets, Dec. 31, 1905, .
Total,
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, $1,415.38; other taxes and
Loss on sale or maturity of ledger assets,
Printing, . . . . .
Furniture and fixtures, ....
Interest, .......
$524,245 09
30,447 61
8,144 70
50,000 00
100,000 00
fees,
$15,507.45
$712,837 40
863,054 09
1,575,891 49
$737,227 69
18,000 00
152,047 85
9,755 00
550 00
59 73
16,922 83
1,155 00
3,582 05
520 50
7,609 61
GERMAN FIRE INSURANCE CO. OF PEORIA.
235
Postage,
Traveling expenses, .....
All other disbursements, ....
Total disbursements, ....
Balance, .......
Ledger Assets.
Real estate, $85,000; mortgages, 1190,911.65, .
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, $4,812.90 ; on collateral loans, $1,010.50; other
assets, $2,934.74,
Market value of real estate over book value, ....
Market value of stocks andjbonds over book value, .
Gross assets, .........
Assets not admitted.
Agents' balances over three months due, .
Total admitted assets, .......
Liabilities.
Unpaid losses, .....
Unearned premiums on outstanding risks,
Plus same on disallowed reinsurance,
Borrowed money, .....
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$455,660 88
5,286 13
$242,443 29
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated, __ .
In force at end of year, .
Amount reinsured,
Net amount in force.
$74,125,667 00
36,656,634 00
$110,782,301 00
42,621,974 00
,160,327 00
1,354,476 00
$2,623 57
3,235 55
20,492 83
$973,782 21
$602,109 28
$275,911 65
42,250 00
178,244 81
45,623 13
60,079 69
$602,109 28
8,758 14
196,000 00
8,380 19
$815,247 61
3,395 04
$811,852 57
$58,462 27
460,947 01
50,000 00
$569,409 28
200,000 00
42,443 29
$811,852 57
Premiums.
$949,747 11
735,527 97
1,685,275 08
778,757 75
$906,517 33
24,283 48
$66,805,851 00 $882,233 85
236
GERMAN 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 (9 per cent.),
Company's stock owned by directors,
Schedule A. Securities held as Collateral.
100 shares Commercial-German Nat'l Bank, Peoria, 111
120 " Colburn, Birks & Co., Peoria, 111.,
41 " Commercial-German Nat'l Bank, Peoria, 111
10 " Commercial German Nat'l Bank, Peoria, 111
10 " Commercial-German Nat'l Bank, Peoria, 111
37 " Commercial-German Nat'l Bank, Peoria, 111
25 " National Hotel Co., Peoria, 111.,
25 " Clark, Quien & Morse, Peoria, 111.,
Creve Coeur Club, Peoria, 111., bond, .
10 shares Avery Manufacturing Co., Peoria, 111.,
36 " Dime Savings & Trust Co., Peoria, 111.,
Company's
Market Value.
$22,500 00
15,000 00
9,225 00
2,250 00
2,250 00
8,325 00
3,125 00
2,875
750
1,250
7,200
00
00
00
00
56,047,980 00
2,875,960 00
783,334 00
356,000 00
18,000 00
178,000 00
Loaned
Thereon.
$10,000 00
8,000 00
6,000 00
1,750 00
1,500 00
15,000 00
$74,750 00
$42,250 00
Schedule B. Stocks and Bonds owned by the Company.
Bank Stocks.
100 shares Bankers' Nat'l, Chicago, 111.,
50 " Central Trust, Chicago, 111.,
255 " Commercial-German N'l, Peoria, 111.,
125 " Home Savings & State, Peoria, 111.,
100 " Merchants' Nat'l, Baltimore, Md.,
100 " Nat'l Bk. of Commerce, N. Y., N. Y.,
83 . " Peoria Nat'l, Peoria, 111., .
50 " State, Chicago, 111., .
140 " State Bk. & Tr. Co., Los Angeles, Cal.,
50 " Third Nat'l, Baltimore, Md.,
Miscellaneous Stocks.
50 shares Peoria Drill & Seeder Co., Peoria, 111.,
50 " Standard Loan Asso., Denver, Col.,
Railroad Bonds.
Chicago & Alton 3^s, 1950, .
Book Value.
$18,654 00
8,775 00
38,720 81
12,675 00
18,525 00
21,600 00
9,545 00
13,250 00
14,000 00
6,500 00
2,500 00
5,000 00
8,500 00
$178,244 81
Rate.
212
165
200
175
173
181
*_
270
100
122
100
55
75^
Market Value.
$21,200 00
8,250 00
51,000 00
21,875 00
17,300 00
18,100 00
13,500 00
14,000 00
6,100 00
5,000 00
2,750 00
7,550 00
$186,625 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 I^th Avenue.
Income.
Net fire premiums, $609,007 16
Interest on mortgage loans, $17,988.19; collaterals, $4,688.02,
stocks and bonds, $5,624.96, 28,30117
Rents, including company's own occupancy, . . . . 11,162 87
Total income,
$648,471 20
* Indeterminable.
GERMAN FIRE INSURANCE CO.
237
Ledger assets, Dec. 31, 1905, ....
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, $1,372.40; other taxes and fees,
Adjustment expenses, .....
Advertising and printing, ....
Legal expenses, ......
All other disbursements, ....
• Total disbursements, ....
Balance,
$16,704.35
Ledger Assets.
Real estate, $124,055 . 82 ; mortgages, $342,773 . 79,
Loans secured by collateral (schedule A),
Stocks and bonds (schedule B), .
Cash in banks and office, ....
Agents' balances, . . .
Deposit with Philadelphia Underwriters' Association,
Total ledger assets, .
Non-Ledger Assets.
Interest due and accrued on mortgages,
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, ........
Assets not admitted.
Agents' balances over three months due, . . $4,443
Deposit with Phila. Underwriters' Association, . 100
Total unadmitted assets, . . .
57
00
Total admitted assets, ......
Liabilities.
Unpaid losses, $49,522.43; less reinsurance, $1,717.20,
Unearned premiums on outstanding risks,
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, .....
$320,178 38
$747,702 07
1,396,173 27
$272,187 79
24,000 00
168,945 91
27,585 04
7,500 00
5,780 12
18,076 75
4,974 63
11,738 67
936 52
35,453 33
$577,178 76
$818,994 51
$466,829 61
102,350 00
109,527 64
37,460 35
102,726 91
100 00
$818,994 51
4,898 50
5 00
25,944 18
24,369 86
$874,212 05
4,543 57
$869,668 48
$47,805 23
498,233 83
2,039 34
1,411 70
$549,490 10
200,000 00
120,178 38
$869,668 48
238
GERMAN FIRE INSURANCE CO.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force.
,109,733 00
67,350,216 00
$147,459,949 00
56,843,541 00
$90,616,408 00
4,196,887 00
Premiums.
$932,155 29
831,282 25
1,763,437 54
775,814 77
,622 77
54,058 22
$86,419,521 00 $933,564 55
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,
Schedule A. Securities held as Collateral.
£8,754,093 00
4,219,763 00
271,235 00
862,000 00
150,000 00
24,000 00
27,950 00
Company's
Market Value.
Loaned
Thereon.
14 shares
100
<<
40
tt
75
it
50
it
50
tt
10
it
10
it
25
it
208
it
100
it
66
it
255
it
165
it
300
a
20
it
20
it
50
tt
50
tt
10
a
10
tt
Diamond National Bank, ....
Independent Brewing Co., common, .
Westinghouse Electric & Mfg. Co., 2ds,
Safe Deposit & Trust Co.,
Am. Window Glass & Machinery Co., common,
Am. Window Glass & Machinery Co., preferred,
Mckees Rocks Trust Co., .
German Trust Co., .
Consolidated Ice Co.,
United States Glass Co.,
Westinghouse Air Brake Co.,
Mercantile Trust Co.,
Monongahela River Coal Co., preferred,
Manufacturers' Light & Heat Co.,
Monongahela River Coal Co., preferred,
Monongahela National Bank,
Cosmopolitan National Bank,
Independent Brewing Co., preferred,
United States National Bank,
Westinghouse Air Brake Co.,
Mortgage Banking Co.,
$5,880
1,750
3,040
28,125
375
1,300
1,200
1,550
150
12,480
15,500
8,580
6,630
2,475
7,800
6,000
2,400
2,200
7,250
1,550
1,000
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$85,850 00
8,500 00
6,000 00
2,000 00
Schedule B. Stocks and Bonds
Bank Stocks.
100 shares Allegheny Nat'l, Pittsburg, Pa.,
43 " Bank of Pittsburg, N. A., Pa., .
100 " Exchange Nat'l, Pittsburg, Pa.,
10 " Fifth Avenue, Pittsburg, Pa., .
75 " First Nat'l, Allegheny, Pa.,
100 " German Nat'l, Pittsburg, Pa., .
6 " Metropolitan Nat'l, Pittsburg, Pa.,
90 " Second Nat'l, Allegheny, Pa., .
100 " Third Nat'l, Pittsburg, Pa.,
Railroad Bonds.
Milvale, Etna & Sharpsburg Street 5s, 1923,
Pittsburg & Birmingham Traction Co. 5s, 1929,
$117,235 00 $102,350 00
Company.
Rate. Market Value.
$12,000 00
6,665 00
OWNED BY THE
Book Value.
$7,260 50 240
3,526 00 310
8,053 00 163
500 00 160
12,564 50 145
17,500 00 260
900 00 175
23,910 00 365
15,053 50 150
11,891 25 102^
8,368 89 109
$109,527 64
8,150 00
800 00
10,875 00
26,000 00
1,050 00
32,850 00
15,000 00
11,787 50
8,720 00
$133,897 50
GERMANIA FIRE INSURANCE CO.
239
GERMANIA FIRE INSURANCE COMPANY, NEW YORK, N. Y.
Incorporated 1859. Commenced business March 2, 1859.
Paid-up Capital, $1,000,000.
HUGO SCHUMANN, President. GUSTAV KEHR, Secretary.
Home Office, 62 William Street.
Income.
Net fire premiums,
50; stocks and bonds, $207,-
Interest on mortgage loans, $13,619
648.83; all other, $15,319.36,
Rents, ....
Profit on sale of securities,
Due from reinsuring companies under treaty, .
Total income, . . . . . .
Ledger assets, Dec. 31, 1905, ....
Total,
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, $9,317.07; other taxes and fees, $84,814.77
Loss on sale or maturity of ledger assets, .
Legal expenses, .....
Advertising, .....
Agency and office expenses, .
Board expenses, .....
Exchange, ......
Furniture and maps, ....
Surveys, ......
Postage, express and telegrams,
Printing and stationery,
Reduction in book value of real estate,
Profit and loss, .....
Traveling expenses, ....
Fire patrols, .....
10 shares Underwriters' Salvage Co. of Chicago charged off,
Total disbursements, ......
Balance, ........
Ledger Assets.
Real estate, $677,000; mortgages, $277,000,
Stocks and bonds (schedule A), ...
Cash in banks and office,
Agents' balances, .....
Cash in hands of department managers, .
Total ledger assets,
>2,762,005 87
236,587 69
27,117 81
55,369 95
15,969 68
53,097,051 00
6,729,661 57
59,826,712 57
$3,269,947 82
150,000 00
732,683 16
180,793 20
11,835 17
18,674 20
94,131 84
41,900 38
1,577 44
7,250 72
3,977 40
21,660 12
2,684 91
14,116 40
10,062 93
23,865 85
13,659 84
566 58
55 41
22,877 36
8,163 25
1,000 00
$4,631,483 98
$5,195,228 59
$954,000 >00
3,536,230 32
288,039 20
390,975 67
25,983 40
$5,195,228 59
240
GERMANIA FIRE INSURANCE CO.
Non-Ledger Assets.
Interest accrued on mortgages,
Rents accrued on company's property,
i,580 00
500 00
Gross assets,* ,
Assets not admitted.
Agents' balances over three months due, .
Special deposits less $79,048.17 liab. thereon, .
Book value of stocks and bonds over market value,
Total unadmitted assets,
Total admitted assets, ....
Liabilities.
Unpaid losses, including $18,297 resisted,
Less reinsurance, ......
Unearned premiums on outstanding risks,
Plus same on disallowed reinsurance,
Commissions and other charges due agents and brokers,
Due for reinsurance, ....
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
D.
$4,236 55
46,903 08
25,956 57
$5,202,308 59
77,096 20
$306,891 97
215,238 74
$2,969,911 74
2,105 32
okers,
$5,125,212 39
$91,653 23
2,972,017 06
5,859 48
15,969 68
$2,039,712 94
$3,085,499 45
1,000,000 00
1,039,712 94
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
. $594,725,747
. 358,815,115
$5,125,212 39
Premiums.
00 $5,631,109 59
00 3,610,536 17
$953,540,862 00
317,457,748 00
$636,083,114 00
49,501,856 00
^9,241,645 76
3,168,232 85
56,073,412 91
413,291 65
. $586,581,258 00 $5,660,121 26
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 (15 per cent.),
Company's stock owned by directors,
$48,794,989 00
25,962,281 00
3,193,456 00
4,361,000 00
150,000 00
188,350 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value. Rate. Market Value
850 shares Atchison, Topeka & Santa ¥6, . $81,276 04 104^ $88,825 00
1,000 " Atchison, Topeka & S. Fe, preferred, 97,112 50 99 99,000 00
1,000 " Baltimore & Ohio, preferred, . . 96,250 00 92£ 92,250 00
150 " Broadway & 7th Avenue, . . 30,118 77 234 35,100 00
* Including $500,000 special reserve held under New York law.
GERMANIA FIRE INSURANCE CO.
241
2,000 shares Buffalo & Susquehanna, preferred,
1,200 " Denver & Rio Grande, preferred,
500 " Manhattan, ....
1,200 " Missouri Pacific,
1,200 " N. Y., Chic. & St. Lo., 1st preferred
500 " Norfolk & West., preferred,
2,000 " Pennsylvania,
1,000 " Reading, 1st preferred,
1,000 " Southern, preferred,
1,000 " Union Pacific, common,
500 " Union Pacific, preferred,
Bank Stocks.
125 shares German- American, New York, N. Y.,
75 " National Park, New York, N. Y., .
Miscellaneous Stocks.
10 shares Lawyers' Mortgage Co., .
1,360 " Pullman Co.,
10 " Underwriters' Sal. of New York,
500 " Western Union Telegraph Co.,
Government Bonds.
United States 2s, 1930, ....
State and Municipal Bonds.
Georgia 3*s, 1918, .
New Mexico 6s, 1923,
New Mexico 4s, 1933,
New York, N. Y., 3*s, 1953,
New York, N. Y., 3*s, 1940,
Richmond, Va., 4s, 1923, .
Railroad Bonds
American Dock & Imp. Co. 5s, 1921,
Broadway & 7th Avenue 5s, 1943,
Brooklyn Union Elevated 5s, 1950,
Chesa. & Ohio (R. & A. Div.) 1st mtge. 4s, 1989
Chesapeake & Ohio 4*s, 1992, .
Chicago, Burlington & Quincy 5s, 1913,
Chic, Mil. & St. Paul (So. Minn. Div.) 6s, 1910,
Chicago & Northwestern 5s, 1933,
Chicago, St. Louis & New Orleans 5s, 1951,
Cincinnati, Hamilton & Dayton 4*s, 1908,
Denver & Rio Grande 4s, 1936,
Dry Dock, E. Broadway & Battery 5s, 1932
Evansville & Terre Haute 6s, 1921,
Flint & Pere Marquette 5s, 1939,
Lake Erie & Western 5s, 1937, .
Lehigh Valley 4*s, 1940, .
Long Island 4s, 1938,
Long Island 5s, 1931,
Missouri, Kansas & Texas 5s, 1944,
Missouri Pacific 6s, 1920, .
Morgans La. & Texas 7s, 1918, .
Nashville, Chatt. & St. Louis 5s, 1928,
North. Pac.-Gt. North. (C, B. & Q. col.) 4s, 1921
N. Y., Brook. & Manhat. Beach 5s, 1935,
N. Y., Ontario & Western 4s, 1992, .
Railroad Securities Co. 4s, 1952,
St. Louis & San Francisco 4s, 1951,
Tenn. CL, Ir. & R.R. (B. Div.) 1st m. 6s, 1917,
Third Avenue 4s, 2000, .
Toledo & Ohio Central 1st mtge. 5s, 1935,
Western N. Y. & Pa. 5s, 1937, .
Wheeling & Lake Erie 4s, 1949,
Miscellaneous Bonds.
Consol. Gas Co. of New York 6s, 1909,
Edison Electric Ilium. Co., N. Y., 5s, 1910,
Book Value.
889,000 00
113,512 50
77,537 50
129,062 50
130,187 50
45,962 50
141,350 00
47,400 00
95,937 50
132,037 50
38,062 50
11,207 63
13,165 00
1,860 00
217,475 00
1,000 00
45,212 50
52,429 65
10,250 00
5,953 08
5,221 47
253,407 36
282,973 45
52,024 00
28,531 25
58,062 50
13,050 00
29,057 50
25,468. 75
53,062 50
28,781 25
39,640 00
31,781 25
49,037 50
28,541 25
10,500 00
30,281 25
26,881 25
58,687 50
25,031 25
20,973 75
16,871 25
24,781 25
29,593 75
32,531 25
28,031 25
84,511 37
25,125 00
13,178 75
94,250 00
8,262 50
28,021 25
47,812 50
37,493 75
28,031 25
22,781 25
132,902 50
27,696 25
Rate.
84
83*
142f
92^
118
90
138|
90
94
180*
94
150
445
190
182
100
84
104*
104f
109f
100
91*
101J
109*
109*
104*
100
103|
103
105*
112*
120*
79
97|
102
114*
108
113f
108*
96*
113*
103*
119*
126
112*
96£
111
100
92
82
106
88
113
115£
87
137
101
Market Value.
$84,000 00
100,200 00
71,375 00
110,700 00
141,600 00
45,000 00
138,375 00
45,000 00
94,000 00
180,250 00
47,000 00
14,062 50
33,375 00
- 1,900 00
247,520 00
1,000 00
42,000 00
52,250 00
10,462 50
5,487 50
5,000 00
228,750 00
231,562 50
52,751 25
27,375 00
54,750 00
15,675 00
30,000 00
25,906 25
51,500 00
26,312 50
40,500 00
30,125 00
39,500 00
34,212 50
10,200 00
28,625 00
27,000 00
56,812 50
27,125 00
20,265 00
17,025 00
25,781 25
29,875 00
31,500 00
28,125 00
96,875 00
27,750 00
13,000 00
92,000 00
8,200 00
26,500 00
44,000 00
39,550 00
28,812.50
21,750 00
109,600 00
25,250 00
$,536,230 32
5,510,273 75
242
GIRARD FIRE AND MARINE INSURANCE CO.
GIRARD FIRE AND MARINE INSURANCE COMPANY,
PHILADELPHIA, PA.
Incorporated March 26, 1853. Commenced business May 2, 1853.
Paid-up Capital, $500,000.
HENRY M. GRATZ, President. EDWIN F. MERRILL, Secretary.
Home Office, Chestnut and Seventh Streets.
Income.
Net fire premiums, $702,450 97
Deposit premiums on perpetual risks, ..... 45,646 65
Interest on mortgage loans, $21,797.30; collaterals, $5,889.40;
stocks and bonds, $49,070.19; deposits, $1,641.29, . . 78,398 18
Rents, including company's own occupancy, . . . . 15,885 02
Profit on sale of real estate, . . . . . . . 1,930 55
Premium on increase in capital, ..... 400,000 00
From all other sources, . . . . . . . . 1,277 50
Total income, .
Ledger assets, Dec. 31, 1905, plus $200,000 increase in capital,
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, $4,305.34; other taxes and fees, $21,867.86
Loss on sale or maturity of ledger assets,
Advertising and printing,
Furniture and fixtures,
Maps, .
Postage,
Traveling expenses,
Tariff associations,
All other disbursements, ,
Total disbursements, ....
Balance, . . . . . .
Ledger Assets.
Real estate, $219,634.09; mortgages, $365,700,
Loans secured by collateral (schedule A),
Stocks and bonds (schedule B),
Cash in banks and office, .
Agents' balances, .
Bill receivable,
Due from other companies,
Total ledger assets,
11, 245,588 87
2,375,641 06
^3,621,229 93
$946,541 31
36,956 12
60,000 00
193,653 66
49,283 91
6,800 00
3,494 48
26,173 20
1,263 57
6,688 94
419 38
3,607 99
5,338 83
16,910 88
6,282 73
2,730 05
1,366,145 05
2,255,084 88
$585,334 09
74,280 00
1,233,966 72
243,369 43
106,797 56
5,746 74
5,590 34
52,255,084 88
GIRARD FIRE AND MARINE INSURANCE CO.
243
Non-Ledger Assets.
Interest accrued : —
On mortgages, $4,832 . 69 ; bonds, $14,592 . 53 ; collateral loans,
$914.57,
Market value of real estate over book value, ....
Market value of stocks and bonds over book value, .
Gross assets, ......
Assets not admitted.
Agents' balances over three months due,
$20,339 79
59,115 91
2,245 91
$2,336,786 49
Due from unauthorized companies,
Total unadmitted assets,
Total admitted assets,
Liabilities.
Unpaid losses, including $4,500 resisted,^
Less reinsurance, .....
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$600 37
831 00
1,431 37
. $2,335,355 12
$115,669 00
. 30,482 00
$951,163 82
$85,187 00
663,346 05
635,658 25
,384,191 30
500,000 00
451,163 82
Total liabilities,
, $2,335,355 12
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, . . r
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Premiums.
$136,147,351 00 $1,330,165 12
94,959,664 00 988,992 68
$231,107,015 00 $2,319,157 80
79,834,054 00 929,163 15
$151,272,961 00 $1,389,994 65
12,142,121 00 146,053 63
$139,130,840 00 $1,243,941 02
Perpetual risks in force (not included above), . $34,037,941 00 $706,286 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,
Company's stock owned by directors,
Schedule A. Securities held as Collateral.
Company's
Market Value.
$18,500,418 00
7,803,714 00
1,005,847 00
2,444,694 00
60,000 00
66,800 00
First mortgage, dwelling and lot, Mantua Av., Phila., .
First mortgage, dwelling and lot, 64th Street, Phila., .
?6,000 00
2,000 00
Loaned
Thereon.
$5,000 00
1,600 00
244
GIRARD FIRE AND MARINE INSURANCE CO.
5 first mortgages, dwellings and lots, Leonard and Van Kirk
streets, Philadelphia, .......
5 first mortgages, dwellings and lots, Horton and Race streets,
Philadelphia, ........
16 first mortgages, dwellings and lots, Mifflin St., Phila.,
4 first mortgages, dwellings and lots, Chester Av., Phila., .
15 first mortgs., dwellings and lots, No. Simpson St., Phila.,
20 first mortgages, dwellings and lots, Winton St., Phila.,
Company's
Market Value.
$8,000 00
7,000 00
25,600 00
12,000 00
47,000 00
Loaned
Thereon.
$6,000 00
6,000 00
20,480 00
10,200 00
25,000 00
$107,600 00 $74,280 00
Schedule B. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value. Rate. Market Value.
200 shares Metropolitan Street, . . . $24,975 00 106* $21,300 00
50 " Ohio & Little Kanawha, preferred, . - 25 1,250 00
50 " Ohio & Little Kanawha, ... - — —
210 " Pennsylvania, ..... 11,900 00 138| 14,529 38
45 " Phila. & Darby Passenger, . . 2,250 00 80 1,800 00
300 " Philadelphia Traction Co., . . . 29,062 50 183 27,450 00
100 shares Continental Title & Trust, Phila., . 2,500 00 200 10,000 00
Miscellaneous Stocks.
3 shares General Adjustment Bureau, N. Y., . 150 00 100 150 00
121 " Lehigh Coal & Nav. Co. trust certs., . 5,812 50 204 12,342 00
320 " Pennsylvania Salt Mfg. Co., Phila., . 31,032 64 228 36,480 00
20 " Philadelphia Bourse, . . . 1,000 00 11 110 00
20 " Philadelphia Bourse, preferred, . . 500 00 12 60 00
200 " United Gas Imp. Co., Phil., . . 17,395 19 186 18,600 00
State, County and Municipal Bonds.
Camden, N. J., 4s, 1926, 20,417 54 102f 20,525 00
Duluth, Minn., 4*s, 1927, .... 15,300 00 105 15,750 00
Georgia 4*s, 1907, 28,000 00 100 25,000 00
Philadelphia, Pa., 3s, 1911, .... 55,513 15 98* 53,968 75
Seattle, Wash., 5s, 1910-13, .... 50,000 00 104 52,000 00
Railroad Bonds.
American Railways 5s, 1911, . . . . 5,100 00 100 5,000 00
Atlantic Coast Line (Louis. & Nash.) 4s, 1952, . 19,200 00 89 17,800 00
Chesapeake & Ohio Car trust 4s, 1908, . . 9,655 00 99 9,900 00
Choctaw, Oklahoma & Gulf 5s, 1952, . . 22,202 14 108* 21,700 00
Coal River Ry. Co. 4s, 1945, .... 19,350 00 95 19,000 00
Colorado Southern 4s, 1929, .... 9,425 00 91 9,100 00
Connecticut Ry. & Lighting Co. 4*s, 1951, . . 9,775 00 102 10,200 00
Consolidated Traction Co. of N. J. 5s, 1933, . 10,400 00 105* 10,550 00
Delaware 4*s, 1932, 6,353 25 105 6,300 00
East McKeesport Street 5s, 1929, . . . 10,504 16 102 10,200 00
Elmira Water, Light & R.R. Co. 5s, 1949, . . 10,301 39 100 10,000 00
Fort Pitt Traction Co., Pittsburgh, 5s, 1935, . 11,794 44 108 10,800 00
Indianapolis Street 4s, 1933, .... 12,997 50 89 13,350 00
Iron Mountain Car trust 5s, 1911, . . . 20,313 34 100 20,000 00
Kansas City Southern 3s, 1950, . . . 13,825 00 71* 14,300 00
Lehigh Valley 4*s, 1940, 10,142 50 108* 10,850 00
Lehigh Valley 4*s, 1923, . . . . • . 10,180 00 106 10,600 00
Lehigh Valley 4s, 2003, 29,400 00 97* 29,175 00
Lehigh Valley Transit Co. 4s, 1935, . . . 21,250 00 86 21,500 00
Lehigh & Wilkesbarre Coal Co. 4*s, 1910, . . 10,112 50 99 9,900 00
Lynn & Boston 5s, 1924, 25,500 00 109f 27,343 75
Mt. Washington Street 5s, 1933, . . . 10,835 72 106 10,600 00
Newark Passenger 5s, 1930, .... 11,20750 111* 11,15000
New Orleans Terminal Co. 4s, 1953, . . . 9,600 00 93 9,300 00
Norfolk Ry. & Light Co. 5s, 1949, . . . 4,850 00 97 4,850 00
Norfolk & Western equip, trust 4s, 1914, . . 4,874 50 94* ' 4,706 25
Norfolk & Western 4s, 1944, .... 9,925 00 96 9,600 00
Norfolk & Western Ry. equip, trust 4s, 1911, . 9,81150 96f 9,637 50
North Hudson County 5s, 1924, . . . 26,125 00 104 26,000 00
Pennsylvania 6s, 1910, 9,342 00 106* 10,650 00
Pennsylvania Steel equip, trustees 3*s, 1909, . 19,590 00 97| 19,525 00
Philadelphia, Wilm. & Baltimore 4s, 1921, . . 50,721 25 101 50,500 00
Philadelphia, Wilm. & Baltimore 4s, 1932, . . 20,200 00 102*. 20,500 00
Philadelphia & Reading Terminal 5s, 1941,. . 60,562 50 120f 60,312 50
Philadelphia & West Chester Traction 4s, 1954, . 9,300 00 93 9,300 00
GLENS FALLS INSURANCE CO.
245
Pittsburgh, Cin., Chic. & St. Louis 4*s, 1940,
Pitts., McKeesport & Connellsville 5s, 1931,
Reading Co. (Jersey Central col.) 4s, 1951,
Schuylkill Valley Traction Co. 5s, 1945,
Second Avenue 5s, 1948, .
Southern Pacific 4s, 1955,
Southern Car trust 4*s, 1909,
Southern equipment trust 4*s, 1907, .
Southern equipment trust 4*s, 1908, .
Steubenville Trac. & Light Co. 5s, 1926,
St. Louis, Iron Mt. & Southern 4s, 1933,
Toledo & Ohio Central 4s, 1951,
Toledo, St. Louis & Western 3*s, 1925,
Wabash Pittsburgh Terminal 4s, 1954,
Wilkinsburg & E. Pittsburgh Street 5s, 1929,
Miscellaneous Bonds.
Altoona Gas Co. 5s, 1932,
American Telephone & Telegraph 4s, 1929,
Beech Creek Coal & Coke Co. 5s, 1944,
Bethlehem Iron Co. 1st mortgage 5s, 1907,
Consol. Gas Co., Pittsburgh, Pa., 5s, 1948, .
Elgin American Gas Co. 5s, 1950,
Glens Falls Gas & Electric Light Co. 5s, 1919,
Hamilton Real Estate Co. 5s, 1927,
Hudson River Gas & Electric Co. 5s, 1929,
Hutchinson Water, Light & Power Co. 4s, 1928,
Kingston Gas & Electric Co. 5s, 1952,
Philadelphia Co. 5s, 1951,
Public Service Corporation, N. J., 5s, 1909,
Rockford Gas Light & Coke Co. 5s, 1950,
Westchester Lighting Co. 5s, 1950,
William Cramp & Sons Co. 5s, 1929, .
Book Value.
$10,500 00
15,648 00
10,017 20
9,500 00
22,946 28
9,768 75
10,037 50
10,000 00
10,022 84
9,500 00
19,125 00
14,643 75
12,600 00
18,270 00
11,100 00
5,000 00
19,300 00
5,850 00
10,000 00
22,396 30
10,120 83
10,189 03
9,600 00
20,600 00
6,000 00
4,850 00
9,975 00
19,525 00
9,900 00
15,381 25
11,065 28
$1,233,966 72
Rate.
109*
103*
95*
100
105
94|
99*
99|
99*
99
92
96
89
80
110
101
90
92*
100
99
100
98
100
100
81
97
01
6
0
101*
103
50
00
00
00
Market Value.
$10,925 00
15,525 00
9,550 00
10,000 00
21,000 00
9,475 00
9,912
9,975
9,950
9,900
18,400 00
14,400 00
13,350 00
16,000 00
11,000 00
5,050 00
18,000 00
5,550 00
10,000 00
19,800 00
10,000 00
9,800 00
9,600 00
20,000 00
4,860 00
4,850 00
10,100 00
19,200 00
9,000 00
15,225 00
10,300 00
$1,236,212 63
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 Glen Streets.
Income.
Net fire premiums, . . ... . . ' . $1,693,660 22
Interest on mortgage loans, $44,268 . 84 ; collaterals, $185; stocks
and bonds, $151,369.26; all other, $12,502.07, . . . 208,325 17
Rents, . . . ' . ' 2,644 45
Total income, ......
Ledger assets, Dec. 31, 1905, ....
Total,
Disbursements.
Net amount paid for fire losses,
Dividends to stockholders, . . .
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents, ......
Real estate taxes, $2,314.87; other taxes and fees, $55,409.80,
Loss on sale of real estate, .......
$1,904,629 84
4,439,153 94
$6,343,783 78
,607,561 28
180,000 00
361,647 25
158,460 06
6,500 00
57,724 67
220 00
246
GLENS FALLS INSURANCE CO.
Legal expenses, . . . . . . .
Advertising, stationery and supplies, . ...
Agency expenses, ........
Office expenses, ........
Agents' balances charged off, ......
Traveling expenses, .......
All other disbursements, ......
Total disbursements,
Balance, . . . • .
Ledger Assets.
Real estate, $50,495.23; mortgages, $670,062.37, .
Loans secured by collateral (Morris & Essex R.R. bonds),
Stocks and bonds (schedule A),
Cash in banks and office, ......
Agents' balances, . . . .....
Bills receivable, ........
Total ledger assets, .......
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $3,073.69; bonds, $6,796.25; other assets,
$503.63, . . . . .
Rents due and accrued on company's property,
Market value of stocks and bonds over book value, .
Gross assets,*. ........
$166 35
23,711 06
22,959 18
22,327 73
2,115 13
21,732 21
326 97
$2,465,451 89
$3,878,331 89
$720,557 60
3,700 00
2,600,856 44
347,829 23
204,988 62
400 00
$3,878,331 89
10,373 57
325 00
84,674 81
$3,973,705 27
Assets not admitted.
Agents' balances over three months due, . $1,911 40
Bills receivable, 400 00
Special deposits less $42,902 liability thereon, 46,548 00
Contingent depreciation on mortgage loans, . 20,000 00
Total unadmitted assets, . . . :
Total admitted assets, . . . - .
Liabilities.
Unpaid losses, including $10,100 resisted,
Less reinsurance, ......
Unearned premiums on outstanding risks,
Plus same on disallowed reinsurance and com-
missions to other companies,
68,859 40
$3,904,845 87
$137,176 18
17,345 22
1,719,502 76
9,139 12
$119,830 96
Salaries and other miscellaneous expenses, due or accrued,
12,036,373 03
All liabilities, except capital and surplus, .
Surplus to policy holders, ....
Paid-up capital, ......
Surplus over capital and general liabilities,
Total liabilities,
1,728,641 88
20,000 00
51,868,472 84
200,000 00
1,836,373 03
$3,904,845 87
* Including $200,000 special reserve held under New York law.
GLENS FALLS INSURANCE CO.
247
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Risks and Premiums.
Premiums.
$284,354,798 00 $3,188,604 39
182,888,623 00 2,157,731 76
$467,243,421 00 $5,346,336 15
153,432,884 00 1,857,353 73
$313,810,537 00
23,886,499 00
,488,982 42
318,308 33
$289,924,038 00 $3,170,674 09
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 (90 per cent.),
Company's stock owned by directors,
,731,797 00
14,234,539 00
1,669,678 00
1,670,000 00
180,000 00
77,810 00
Schedule A. Stocks and Bonds owned by the Company.
'Railroad Stocks.
1,000 shares Chicago, Great Western, deb.,
500 " Union Pacific, preferred,
Bank Stocks.
125 shares Cleveland Trust Co., O.,
200 " First National, Glens Falls, N. Y.,
100 " Glens Falls National, N. Y., .
400 " Iron City Trust Co., Pittsburg, Pa.,
100 " Luz. Co., Tr. Co., Wilkes Barre, Pa
50 " Mt. Kisco Nat., Mt. Kisco, N. Y.,
Miscellanoeus Stocks.
250 shares American Type Founders, pref.,
Government Bonds.
United States 4s, 1925, .
State, County and Municipal Bonds.
Georgia 3*s, 1919, ....
New York, N. Y., 3£s, 1952,
Pendleton, Oregon, 5s, 1929, op. 1919,
Richmond, Va., 4s, 1923, .
Saratoga Springs, N. Y., 5s, 1913,
Railroad Bonds.
Baltimore & Ohio 4s, 1948,
Central of New Jersey 5s, 1987,
Danville, Urbana & Champaign 5s, 1923,
Illinois Central Traction Co. 5s, 1933,
Morris & Essex 7s, 1915, .
Oklahoma Citv 5s, 1934, .
Oregon Water Power & By. 6s, 1932,
Union Pacific 4s, 1947,
Western Pacific 5s, 1935, .
West Shore 4s, 2361,
Miscellaneous Bonds.
German Trust Co., Davenport, 4*s, 1906,
Gould Paper Co. 6s, ...
Hudson River Pulp & Paper Co. 6s, .
International Paper Co. 6s, 1918,
J. & J. Rogers Co. 6s, .
Reno Power, Light & Water Co. 6s, 1944,
Book Value.
$90,125 00
45,000 00
24,571 44
10,000 00
30,000 00
57,000 00
20,000 00
5,000 00
25,000 00
50,000 00
25,000 00
106,160 00
50,000 00
11,000 00
5,000 00
50,000 00
50,000 00
100,000 00
49,750 00
50,000 00
23,750 00
25,750 00
50,000 00
48,750 00
50,000 00
70,000 00
474,000 00
320,000 00
305,000 00
280,000 00
100,000 00
$2,600,856 44
Rate.
80
94
290
500
350
115
230
195
98
129f
105
91f
104|
101*
105|
lOOf
126
100
100
123
97
102
102
88
103*
100
100
100
105*
100
101
Market Value
$80,000 00
47,000 00
36,250 00
50,000 00
35,000 00
46,000 00
23,000 00
9,750 00
24,500 00
64,812 50
26,250 00
91,625 00
52,062 50
11,137 50
5,268 75
50,375 00
63,000 00
100,000 00
50,000 00
61,500 00
24,250 00
25,500 00
51,000 00
44,000 00
51,750 00
70,000 00
474,000 00
320,000 00
316,500 00
280,000 00
101,000 00
12,685,531 25
248
GRANITE STATE FIRE INSURANCE CO.
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, ........ $498,654 54
Interest on mortgage loans, $730.05; stocks and bonds, $25,-
268.34; allother, $1,111.68, 27,110 07
Rents, including company's own occupancy, . . . . 3,123 40
Profit and loss, , . 664 38
Total income, . . . ...
Ledger assets, Dec. 31, 1905, ....
Total,
Disbursements.
Net amount paid for fire losses,
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, $625; other taxes and fees, $12,019.18
Loss on sale of real estate,
Adjustments and inspections,
Advertising and printing,
Legal expenses,
Furniture,
Maps, ....
Premiums on securities purchased, .
Reduction in book value of real estate,
All other disbursements,
Total disbursements,
Balance,
Ledger Assets
Real estate, $32,500; mortgages, $14,000,
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .....
Total ledger assets, ....
Non-Ledger Assets.
Interest accrued : —
On mortgages, $184 . 16 ; bonds, $2,732 . 43,
Rents due and accrued on company's property,
Due from other companies, ....
Gross assets, ......
$529,552 39
772,552 65
$1,302,105 04
$220,130 40
16,000 00
107,542 69
18,824 43
1,500 00
340 44
12,644 18
371 82
21,967 26
5,051 96
310 00
441 84
2,017 74
219 92
7,152 50
8,793 15
$423,308 33
$878,796 71
$46,500 00
723,861 58
49,955 43
58,479 70
£878,796 71
2,916 59
437 07
402 09
$882,552 46
GRANITE STATE FIRE INSURANCE CO.
249
Assets not admitted.
Agents' balances over three months due, . . $202 51
Book value of stocks and bonds over market value, . 4,427 95
Total unadmitted assets, . . .
Total admitted assets, .......
Liabilities.
Unpaid losses, including $1,083 resisted,
Less reinsurance, ......
Unearned premiums on outstanding risks,
Due for reinsurance, .....
All liabilities, except capital and surplus, ....
Surplus to policy holders, .... $457,190 07
Paid-up capital, . . . . . ...
Surplus over capital and general liabilities, ....
Total liabilities, . . . .
,126
13,125
:,630 46
$877,922 00
98
53 $37,001 45
379,357 26
4,373 22
$420,731 93
200,000 00
257,190 07
$877,922 00
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, ....
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$70,975,839
53,425,688
Premiums.
00 $868,396 55
00 689,659 06
. $124,401,527
. 42,455,544
00 $1,558,055 61
00 572,985 72
$81,945,983 00
19,475,913 00
$985,069 89
249,438 29
$62,470,070 00 $735,631 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,
Dividends declared during the year (8 per cent.),
Company's stock owned by directors,
$10,096,727 00
4,397,298 00
227,267 00
208,000 00
16,000 00
35,800 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
131 shares Boston & Maine, common,
48 " Concord & Montreal, Class 1,
7 " Concord & Montreal, Class 3,
35 " Concord & Montreal, Class 4,
100 " Illinois Central,
666 " Pennsylvania, .
51 " Worcester, Nashua & Rochester
Miscellaneous Stocks.
3 shares General Adjustment Bureau, N.
50 " Nashua Card, Gum. & C. P. Co.
5 " Underwriters Salvage Co., N. Y
State, County and Municipal Bonds.
Boston, Mass., 4s, 1913, .
Boston, Mass., 3£s, 1919, .
Y., .
pref.,
Book Value.
$19,802 16
8,736 00
1,274 00
6,090 00
13,925 00
50,664 79
6,219 63
150 00
5,000 00
500 00
10,000 00
2,000 00
Rate.
161
187f
187|
187J
165*
138f
150
100
80
100
100f
97f
Market Value.
$21,091 00
9,012 00
1,314 25
6,571 25
16,550 00
46,078 88
7,650 00
150 00
4,000 00
500 00
10,075 00
1,952 50
250
GRANITE STATE FIRE INSURANCE CO.
Boston, Mass., 3*s, 1935, .
Boston, Mass., 3+s, 1920, .
Boston, Mass., 3*s, 1938, .
Burlington, Vt., 4s; 1917,
Cincinnati, O., 3^s, 1952, .
Columbia County, Wash., 4*s, 1913,
Columbia County, Wash., 4+s, 1914,
Concord, N. H., 4s, 1922, .
Concord, N. H., 3*s, 1923,
Coos County, N. H., 4s, 1911,
Coos County, N. H., 4s, 1913,
Coos County, N. H., 4s, 1915,
Cumberland County, Me., 3*s, 1921,
Cuyahoga County, O., 4s, 1910,
Dover, N. H., 4s, 1912, .
Dover, N. H., 4s, 1914, .
Franklin, N. H., 3*s, 1921,
Gloucester, Mass., 3*s, 1932,
Hillsboro Bridge, N. H., 4s, 1917,
Hillsboro County, N. H., 4s, 1921,
Laconia, N. H., 4s, 1923, .
Laconia, N. H., 4s, 1924, .
Laconia, N. H., 4s, 1926, .
Laconia, N. H., 4s, 1927, .
Littleton, N. H., 3*s, 1933,
Maiden, Mass., 4s, 1910, .
Maiden, Mass., 4s, 1919, .
Massachusetts 3*s, 1918, .
Massachusetts 3*s, 1931, .
Massachusetts 3*s, 1938, .
Milwaukee, Wis., 3*s, 1921,
Nashua, N. H., 4s, 1913, .
Nashua, N. H., 4s, 1915, .
New Hampshire 3*s, 1912,
New Hampshire 3*s, 1920,
New Hampshire 3*s, 1921,
New Hampshire 3*s, 1922,
New Hampshire 3*s, 1923,
New Hampshire 3*s, 1924,
New Hampshire 3*s, 1925,
Newton, Mass., 4s, 1935, .
New York, N. Y., 4s, 1936,
New York, N. Y., 3*s, 1948,
New York, N. Y., 3*s, 1953,
New York, N. Y., 3*s, 1954,
New York, N. Y., 4s, 1955,
Peterboro, N. H., 4s, 1911,
Peterboro, N. H., 4s, 1912,
Pittsfield, N. H., 4s, 1912,
Portland, Me., 3*s, 1922, .
Portsmouth, N. H., 4s, 1912,
Portsmouth, N. H., 4s, 1916,
Quincy, Mass., 4s, 1933, .
Quincy, Mass., 4s, 1934, .
Rockingham County, N. H., 3*s, 1910,
Rockingham Countv, N. H., 4s, 1918,
Rutland, Vt., 4s, 1924,
Taunton, Mass., 4s, 1918,
Waterville, Me., 3*s, 1935,
Wilton, N. H., 3*s, 1915, .
Railroad Bonds.
Boston & Lowell 4s, 1915,
Boston & Maine 3*s, 1923,
Concord & Montreal 4s, 1920,
Concord & Montreal 3*s, 1920,
Fitchburg 4s, 1928, . " .
Illinois Central 3*s, 1952, .
New York Central & Hudson River 3*s, 1997,
Peterboro & Hillsboro 4*s, 1917,
Book Value.
Rate.
Market Value.
$14,000
00
95f
$13,405 00
6,000
00
97+
5,850 00
10,000
00
95*
9,550 00
5,000
00
101|
5,087 50
10,000
00
96f
9,675 00
4,000
00
101*
4,060 00
4,000
00
101f
4,070 00
1,000
00
98*
985 00
10,000
00
98*
9,850 00
5,000
00
100|
5,043 75
5,000
00
101f
5,068 75
5,000
00
lOlf
5,087 50
10,000
00
97
9,700 00
10,000
00
1001
10,075 00
8,000
00
100*
8,040 00
5,000
00
101
5,050 00
10,000
00
96f
9,675 00
10,000
00
95
9,500 00
25,000
00
101*
25,375 00
10,000
00
103|
10,375 00
5,000
00
101+
5,075 00
1,000
00
lOlf
1,016 25
2,000
00
lOlf
2,035 00
2,000
00
101*
2,035 00
12,000
00
95
11,400 00
5,000
00
100
5,000 00
12,000
00
102|
12,285 00
20,000
00
100*
20,100 00
10,000
00
lOOf
10,075 00
20,000
00
101
20,200 00
5,000
00
96|
4,837 50
1,000
00
lOOf
1,007 50
9,000
00
101
9,090 00
2,000
00
101*
2,025 00
5,000
00
102|
5,137 50
10,000
00
102$
10,287 50
10,000
00
103
10,300 00
10,000
00
103*
10,312 50
10,000
00
103J
10,325 00
5,000
00
103*
5,175 00
9,000
00
104|
9,393 75
10,000
00
1011
10,187 50
20,000
00
91i
18,375 00
8,000
00
91*
7,320 00
10,000
00
91f
9,137 50
15,000
00
102i
15,318 75
2,000
00
100
2,000 00
2,000
00
100
2,000 00
2,500
00
100
2,500 00
10,000
00 •
97f
9,775 00
1,500
00
100*
1,507 50
8,500
00
101
8,585 00
3,000
00
104*
3,123 75
3,000
00
104*
3,127 50
6,000
00
99
5,940 00
4,000
00
102*
4,090 00
5,000
00
102*
5,125 00
8,000
00
102*
8,180 00
10,000
00
94
9,400 00
29,000
00
96*
28,093 75
10,000
00
1001
, 10,087 50
3,000
00
96*
2,887 50
30,000
00
101*
30,375 00
34,000
00
95*
32,470 00
5,000
00
101*
5,075 00
5,000
00
91
4,550 00
13,000
00
93*
12,122 50
10,000
00
105
10,500 00
$723,861
58
$719,433 63
THE HAMILTON FIRE INSURANCE CO.
251
THE HAMILTON FIRE INSURANCE COMPANY, NEW YORK, N. Y.
Incorporated 1852. Commenced business May 22, 1852.
* Paid-up Capital, $200,004.
M. S. BUTTLES, President. E. L. LABDON, Secretary.
Home Office, 100 William Street.
Income.
Net fire premiums, $140,167 80
Interest on mortgage loans, $2,205; stocks and bonds, $8,212.50;
deposits, $652.25, _ 11,069 75
Profit on sale of securities, . . . . - . . . 14,346 11
Total income, $165,583 66
Ledger assets, Dec. 31, 1905, plus $100,005 increase in capital, . 311,604 23
Total, $477,187 89
Disbursements.
Net amount paid for fire losses, ...... $78,644 05
Commissions or brokerage, ....... 46,722 58
Salaries, fees, etc., of officers and employees, .... 5,400 00
Rents, ' • . 2,020 00
Taxes and fees, 3,878 48
Loss on sale of securities, ....... 3,855 03
Advertising and printing, ....... 1,509 98
Maps, books, stationery, etc., . ..... 1,528 52
All other disbursements, ....... 3,203 44
Total disbursements, $146,762 08
Balance, ......... $330,425 81
Ledger Assets.
Mortgages, $76,600 00
Stocks and bonds (schedule A), 231,725 00
Cash in banks and office, . . . . . . . 5,492 43
Agents' balances, ......... 16,608 38
- Total ledger assets, $330,425 81
Non-Ledger Assets.
Interest accrued : —
Onmortgages, $1,200.84; bonds, $416.66, .... 1,61750
Gross assets, $332,043 31
* Cash capital Dec. 31, 1905,
Increase ot capital during 1906,
$150,000 00
100,005 00
Total $250,005 00
Decrease in cash capital during 1906 without distribution of assets, 50,001 00
Cash capital Dec. 31, 1906,
$200,004 00
252
THE HAMILTON FIRE INSURANCE CO.
Assets not admitted.
Agents' balances over three months due, . .. $139
Book value of stocks and bonds over market value, . 2,047
Total unadmitted assets, . . .
83
50
Total admitted assets,
Liabilities.
Unpaid losses, including $7,773 . 13 resisted,
Unearned premiums on outstanding risks,
Dividends due stockholders, ......
Salaries and other miscellaneous expenses, due or accrued,
All other,
All liabilities, except capital and surplus, .
Surplus to policy holders, . . .
Paid-up capital, ......
Surplus over capital and general liabilities,
$230,693 87
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, . . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$6,233,042
13,363,256
$2,187 33
$329,855 98
$23,782 68
74,496 66
564 75
266 66
51 36
,162 11
200,004 00
30,689 87
$329,855 98
Premiums.
00 $96,257 08
00 195,364 39
$19,596,298
9,876,544
00 $291,621 47
00 150,951 12
),719,754 00 $140,670 35
38,375 00 196 39
1,681,379 00 $140,473 96
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,
$4,424,614 00
2,610,089 00
82,919 00
677,250 00
87,540 00
Schedule A. Stocks and Bonds
Railroad Stocks.
100 shares N. Y. Central & Hudson River,
150 " Pennsylvania, .
500 " Southern Pacific, .
20 " Twin City R. Tran.,
Bank Stocks.
50 shares Nassau, New York, N. Y.,
Miscellaneous Stocks.
100 shares General Electric Co.,
100 rights General Electric Co.,
Mxmicipal Bonds.
New York, N. Y., 3s, 1908, .
New York, N. Y., 3s, 1921, .-.-..
New York, N. Y., 3*s, 1954, .
New York, N. Y., 5s, 1907
OWNED BY THE COMPANY.
Book Value.
$13,100 00
21,762 50
46,900 00
2,000 00
5,000 00
17,962 50
30,000 00
20,000 00
25,000 00
50,000 00
$231,725 00
Rate.
131
138f
92f
102
195
160
98^
90|
91f
100
Market Value.
$13,100 00
20,756 25
46,375 00
2,040 00
9,750 00
16,000 00
1,187 50
29,550 00
18,075 00
22,843 75
50,000 00
$229,677 50
HANOVER FIRE INSURANCE CO.
253
HANOVER FIRE INSURANCE COMPANY, NEW YORK, N. Y.
Incorporated April, 1852. Commenced business April, 1852.
* Paid-up Capital, $1,000,000.
R. EMORY WARFIELD, President. JOSEPH McCORD, Secretary.
Home Office, 34 Pine Street.
Income.
Net fire premiums, ......
Interest on mortgage loans, $175; stocks and bonds, $122,750 . 74
allother, $8,955.23, . ' .
Rents, including company's own occupancy,
Profit on sale of stock, ....
Agents' balances previously charged off, .
Premium on increase in capital,
Total income, ........
Ledger assets, Dec. 31, 1905, plus $500,000 increase in capital,
Total,
Disbursements.
Net amount paid for fire losses,
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, $12,040.29; other taxes and fees,
Loss on sale or maturity of stocks and bonds,
Legal expenses, .....
Advertising, printing and stationery,
Office furniture and expenses, .
Maps, surveys, etc., . . .
Postage, express, exchange, etc.,
Traveling expenses,
Fire patrols, .....
Total disbursements,
Balance, .....
Ledger Assets.
Real estate, $898,575.06; mortgages, $3,500, .
Stocks and bonds (schedule A),
Cash in banks and office, ....
Agents' balances, ......
Total ledger assets, . . . .
£2,402,153 59
131,880 97
73,282 83
54,938 99
495 54
250,000 00
52,912,751 92
4,514,948 18
. $7,427,700
10
. $2,562,328 67
40,000
00
483,982
27
185,980
71
22,689
17
22,056
59
$73,718.59, 85,758
88
4,840
76
3,680
93
23,363
86
17,781
09
50,254
19
24,300
14
34,181
74
12,183
15
. $3,573,382
15
. $3,854,317
95
. $902,075 06
. 2,365,022
93
252,991
76
334,228
20
. $3,854,317
95
* Cash capital Dec. 31, 1905, . $1,000,000 00
Increase of capital during 1906, 500,000 00
Total, . $1,500,000 00
Decrease in cash capital during 1906 without distribution of assets, 500,000 00
Cash capital Dec. 31, 1906, . . . . . . $1,000,000 00
254
HANOVER FIRE INSURANCE CO.
Non-Ledger Assets.
Interest accrued on mortgages,
Market value of real estate over book value,
Market value of stocks and bonds over book value,
Due from other companies, ....
Gross assets, ......
Assets not admitted.
Agents' balances over three months due,
Special deposits less $49,027 . 09 liability thereon,
Total unadmitted assets,
$877 83
69,347 91
Total admitted assets, .......
Liabilities.
Unpaid losses, including $29,916.63 resisted, . $305,561 41
Less reinsurance, ...... 31,493 11
Unearned premiums on outstanding risks, ....
Commissions and other charges due agents and brokers,
Due for return premiums, $1,510.60; reinsurance, $28,998.72, .
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, ...
Surplus over capital and general liabilities,
$1,836,660 42
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$479,606,331 00
301,454,711 00
$14 58
230,897 94
123,090 57
14,334 83
t,222,655 87
70,225 74
t,152,430 13
$274,068 30
1,997,772 87
13,419 22
30,509 32
52,315,769 71
1,000,000 00
836,660 42
54,152,430 13
Premiums.
&4,651,380 56
3,243,042 38
$781,061,042 00 $7,894,422 94
349,207,103 00 3,558,643 31
$431,853,939 00 $4,335,779 63
43,183,883 00 415,166 18
$388,670,056 00 $3,920,613 45
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,
Company's stock owned by directors,
$51,158,557 00
30,425,963 00
2,587,477 00
4,399,500 00
100,000 00
, 40,000 00
327,300 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
500 shares Baltimore & Ohio, preferred, .
100 " Chic. Great Western, debenture,
100 " Chic., Mil. & St. Paul, preferred,
573 " Chicago & Northwestern, common,
300 " Chicago & Northwestern, preferred,
Book Value.
$48,028 12
9,187 50
14,050 00
49,672 75
37,256 25
Rate.
92*
80
162f
198*
230
Market Value.
$46,125 00
8,000 00
16,275 00
113,597 25
69,000 00.
HARTFORD FIRE INSURANCE CO.
255
500 shares Cleve., Cin., Chic. & St. L., pref.,
300 " Kansas City, Ft. Sc. & Mem., pref.,
1,200 " Manhattan, ....
300 " N. Y., New Haven & Hartford,
250 " Norfolk & Western, preferred,
2,000 " Pennsylvania,
700 " Pittsburg, McKeesport & Yough.,
500 " Reading 1st preferred,
100 " Rensselaer & Saratoga, .
500 " Southern, preferred,
800 " Union Pacific, preferred,
Bank Stocks.
150 sh\ares Am. Ex. National, New York,
75 " Bank of America, New York, N. Y.,
Government Bonds.
United States 2s, 1930, .
State and Municipal Bonds
Georgia 4£s, 1910,
Georgia 4Js, 1911,
Massachusetts 3is, 1940, .
Massachusetts 3^s, 1942, .
New York, N. Y., 3s, 1907,
New York, N. Y., 3s, 1921,
Richmond, Va., 5s, 1922, .
Railroad Bonds
Atchison, Topeka & Santa Fe 4s, 1914,
Atlantic Coast Line 4s, 1952,
Brooklyn City 5s, 1941, .
Central Pacific 1st ref. 4s, 1949,
Chicago, Indianapolis & Louisville 6s, 1947,
Chicago, Milwaukee & St. Paul 5s, 1914,
Chic, Mil. & St. Paul (Wis. & Minn. Div.) 5s, 1921
Chicago, Rock Island & Pacific 4s, 1988,
Cleve., Cincinnati, Chic. & St. Louis 4s, 1993,
Columbus & Ninth Ave. 5s, 1993,
Erie prior lien 4s, 1996, ....
Lehigh Valley Terminal 5s, 1941,
Lehigh & Wilkesbarre Coal Co. 4^s, 1910, .
Long Island guar. ref. 4s, 1949, .
Manhattan 4s, 1990, ....
Missouri, Kansas & Texas 1st mort. 4s, 1990,
Missouri Pacific 5s, 1920, ....
Norfolk & Western 4s, 1996,
Northern Pac. Gt.-Nor. (C. B. & Q. coll.) 4s, 1921
Northern Pacific 4s, 1997,
Pennsylvania 4-Js, 1921,
Reading Co. & Ph. & R. Coal & Iron Co. 4s, 1997
St. Louis, Iron Mountain & Southern 4s, 1929,
St. Louis, Iron Mountain & Southern 5s, 1931,
Southern 5s, 1994, . . . .
Southern 4s, 1951, . . . .
Western Maryland 4s, 1952, ...
Miscellaneous Bonds.
Laclede Gas Light Co. 5s, 1919,
Book Value.
Rate.
Market Value.
$49,337
50
110
$55,000 00
24,787
50
79^
23,850 00
196,500
00
142f
171,300 00
40,559
38
190^
57,150 00
23,543
75
90
22,500 00
107,985
63
138|
138,375 00
48,325
00
133 ,
46,550 00
22,756
25
90
22,500 00
13,512
50
200
20,000 00
46,550
00
94
47,000 00
70,750
00
94
75,200 00
16,766
26
247
37,050 00
, 25,125
00
525
39,375 00
50,131
25
104^
52,250 00
5,393
75
103^
5,175 00
10,787
50
105
10,500 00
44,050
00
101
40,400 00
66,225
00
101
60,600 00
104,000
00
99i
99.250 00
76,589
60
90|
67;781 25
54,680
56
1111
55,625 00
23,531
25
95f
23,906 25
24,656
25
96
24,000 00
28,637
50
103i
25,875 00
50,375
00
98|
49,437 50
27,606
25
130
32,500 00
32,306
25
106f
32,025 00
, 10,312
50
in*
11,150 00
15,826
25
99|
14,962 50
25,000
00
101
25,250 00
11,600
00
114
11,400 00
46,500
00
97
48,500 00
22,600
00
117^
23,500 00
50,945
00
99
49,500 00
50,928
13
99
49,500 00
26,350
00
1001
25,125 00
50,437
50
97£
48,750 00
80,406
25
104i
78,375 00
48,925
00
98i
49,250 00
, 65,468
75
96|
62,968 75
51,200
00
102
51,000 00
38,250
00
1051
37,980 00
, 48,455
00
99
49,500 00
93,750
00
89
89,000 00
26,857
50
mi-
26,105 00
58,891
25
ll 3f
56,875 00
24,937
50
96i
24,125 00
46,500
00
82
41,000 00
27,218
75
104£
26,125 00
$2,365,022
93
$2,488,113 50
HARTFORD FIRE INSURANCE COMPANY, HARTFORD, CONN.
Incorporated May, 1810. Commenced business August, 1810.
Paid-up Capital, $2,000,000.
GEORGE L. CHASE, President. P. C. ROYCE, Secretary.
Home Office, 125 Trumbull Street.
Income.
Net fire premiums, $13,999,931 92
Interest on mortgage loans, $33,236.96; collaterals, $50; stocks
and bonds, $556,290.11; deposits, $19,872.56, . . . 609,449 63
256
HARTFORD FIRE INSURANCE CO.
Rents, including company's own occupancy,
Profit on sale or maturity of ledger assets,
Borrowed money, ....
Conscience money,
Profit and loss, ....
Premium on increase in capital,
Reinsuring companies under treaty,
Total income, .......
Ledger assets, Dec. 31, 1905, plus $750,000 increase in capital,
Total,
Disbursements.
Net amount paid for fire losses,
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, $8,300; other taxes and fees, $326,
Loss on sale of real estate, ....
Interest on loans, ......
Advertising, printing and stationery,
Legal expenses, . . . . ...
Furniture and fixtures, etc., ....
Maps and commercial ratings,
Postage, express, telegrams, telephone and exchange,
Borrowed money repaid, ....
Agents' balances charged off, ....
Traveling and special agents' expenses, .
Underwriters' boards, patrol, etc., .
All other disbursements, ....
Total disbursements, ....
110.38,
Balance,
$46,710 42
7,823 26
3,150,000 00
1,701 45
23 81
3,000,000 00
73,184 56
$20,888,825 05
16,264,630 04
$37,153,455 09
$13,460,525 36
529,200 00
2,713,328 84
780,466 73
80,249 06
29,810 17
334,410 38
2,916 12
39,296 54
131,551 65
19,001 70
60,264 57
44,212 04
91,272 52
1,650,000 00
38,858 74
371,580 05
215,202 01
£4,924 92
$20,617,071 40
$16,536,383 69
Ledger Assets.
Real estate, $1,050,689.54; mortgages, $616,600, . . . $1,667,289 54
Loans secured by collateral (64 shares Billings & Spencer Co.), 1,000 00
Stocks and bonds (schedule A), ..... .11,977,76207
Cash in banks and office, . . . . . . . 1,319,809 98
Agents' balances, 1,570,522 10
Total ledger assets, ....
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $7,026.99; collateral loans, $9.72,
Rents accrued on company's property,
Market value of real estate over book value,
Market value of stocks and bonds over book value,
Due from other companies, .
Gross assets, ......
$16,536,383 69
7,036 71
1,421 04
40,498 21
893,140 36
39,885 59
$17,518,365 60
HARTFORD FIRE INSURANCE CO.
257
Assets not admitted.
Special deposits less $501,416.13 liability thereon,
Total admitted assets, ....
Liabilities.
Unpaid losses, including $55,380.12 resisted,
Unearned premiums on outstanding risks,
Interest due or accrued, ....
Borrowed money, .....
Due reinsuring companies under treaty, .
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
Total liabilities, ....
,843 27
$17,477,522 33
$767,411 73
10,655,433 14
138,298 36
1,500,000 00
288,278 20
t,128,100 90
$13,349,421 43
2,000,000 00
. 2,128,100 90
$17,477,522 33
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1905, . $1,633,238,240 00 $19,720,090 18
Fire risks written during 1906, . . 1,374,532,379 00 17,427,088 08
Total, . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured, . . .
Net amount in force,
$3,007,770,619 00 $37,147,178 26
1,271,488,421 00 15,887,578 74
,736,282,198 00 $21,259,599 52
109,865,010 00 1,029,129 23
,626,417,188 00 $20,230,470 29
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,
Company's stock owned by directors,
$182,896,198 00
110,414,729 00
13,537,211 00
12,212,125 00
950,000 00
529,200 00
200,200 00
Schedule A. Stocks and Bonds owned by the Company.
477
370
847
200
1,467
1,000
20
748
500
1,888
30
315
200
300
150
Railroad Stocks.
shares Chic, Milwaukee & St. Paul, .
" Chic, Milwaukee & St. Paul pref.,
rights C, M. & St. Paul, .
shares Chicago & Northwestern, preferred,
" Chicago & Northwestern,
" Connecticut & Passumpsic Riv. , guar
" Connecticut River,
" New York Cen. & Hudson River,
" N. Y., Lackawanna & Western,
" New York, New Haven & Hart.,
" Union Pacific, preferred, . .
Bank Stocks.
shares iEtna Nat., Hartford, Conn., .
" Amer. Ex. Nat., New York, N. Y.,
" American Nat., Hartford, Conn.,
" Bank of America, New York, N. Y.,
Book Value.
$37,855 38
31,716 25
27,325 00
160,799 32
100,000 00
2,000 00
76,946 47
57,125 00
182,634 69
2,964 56
32,780 00
21,066 25
15,000 00
18,573 25
Rate.
148*
162f
33^
230
198i
100
285
131
127f
190*
94
225
247
140
525
Market Value.
$71,013 38
60,217 50
28,374 50
46,000 00
290,832 75
100,000 00
5,700 00
97,988 00
63,687 50
359,664 00
2,820 00
70,875 00
49,400 00
21,000 00
78,750 00
258
HAKTFORD FIRE INSURANCE CO.
Book Value.
200 shares B'k of the Manhattan Co., N.Y.,N.Y., $13,129 51
175 " Bank of Montreal, Montreal, Can., . 43,964 78
125 " Boylston National, Boston, Mass., . 11,935 35
200 " Charter Oak Nat., Hartford, Conn., . 20,350 00
166 " City, Hartford, Conn., . . . 23,964 75
100 " Conn. Riv. B. Co., Hartford, Conn., . 7,660 00
314 " Conn. T. & S. D. Co., Hartford, Conn., 37,021 22
122 " Farm. & Mech. Nat., Hartford, Conn., 22,16199
172 " First National, Hartford, Conn., . 13,348 50
556 " Hartford National, Conn., . . 63,962 75
300 " Imp. & Tr. Nat., New York, N. Y., . 30,000 00
334 " Merchants Nat., New York, N. Y., . 19,735 17
125 " Nat. B. of Com,, New York, N. Y., . 14,499 50
200 " Nat. B: of N. Am., New York, N. Y., 30,781 50
40 " Nat. Ex., Hartford, Conn., . . 2,400 00
43^ " Ontario, Toronto, Canada, . . 13,082 18
467 " Phoenix Nat., Hartford, Conn., . 50,470 25
Miscellaneous Stocks.
120 shares Connecticut River Co., . . . 3,000 00
825 " New York Dock Co., preferred, . 83,000 00
500 " Northwestern Telegraph Co., . . 25,000 00
Government Bonds.
U. S. of Mexico 5s, 1944, . . ■ . . . 101,966 40
State and Municipal Bonds.
Georgia 3|s, 1918, 25,750 00
Montreal, Canada, 4s, 1926, .... 64,821 25
Richmond, Va., 4s, 1921, 53,593 75
Toronto, Canada, 3^s, 1930, .... 41,004 10
Toronto, Canada, 3£s, 1929, 65,043 00
Toronto, Canada, 3£s, 1944, .... 116,284 13
Virginia 3s, 1992, 10,093 12
Winnipeg, Manitoba, 3^s, 1941, . . . 45,250 00
Railroad Bonds.
Atchison, Top. & S. Fe gen. mortgage 4s, 1995, . 25,625 00
Atlantic Coast Line (L. & N. coll.) 4s, 1952, . 191,750 00
Baltimore & Ohio 4s, 1948, . . . . 74,125 00
Baltimore & Ohio (South. Div.) 3£s, 1925, . . 184,543 34
Belt R. R. and St. Yds., Indianapolis, 6s, 1911, . 107,710 00
Brooklyn Union Elevated 5s, 1950, . . . 100,875 00
Canadian Pacific 5s, 1915, . . . . 57,750 00
Central of New Jersey 5s, 1987, . . . 296,493 75
Central Pacific 1st ref. 4s, 1949, . . . 176,156 25
Chesapeake & Ohio 4^s, 1992, .... 159,515 00
Chesapeake & Ohio 5s, 1939, .... 391,400 00
Chicago, Burlington & Quincy 5s, 1913, . . 52,562 50
Chicago & Cincinnati 5s, 1952, .... 26,460 00
Chicago & Erie 5s, 1982, 108,150 00
Chicago & Great Western 5s, 1936, . . . 63,325 00
Chic, Mil. & St. Paul (Hast. & D.) Div. 7s; 1910, . 63,852 50
Chicago & Northwestern 5s, 1909, . . . 104,127 50
Chicago & Northwestern 6s, 1929, . . . 165,766 25
Chicago & Northwestern 5s, 1929, . . . 202,407 50
Chicago & Western Indiana 6s, 1932, . . . 446,192 50
Chicago & Western Indiana 4s, 1952, . . . 99,750 00
Choctaw & Memphis 5s, 1949, .... 58,937 50
Cincinnati, Dayton & Chicago 4s, 1942, . . 51,000 00
Cincinnati, Indianapolis, St. L. & Chic. 6s, 1920, . 128,160 00
Cincinnati & Indiana Western 5s, 1952, . . 50,715 00
Cincinnati, Richmond & Muncie 5s, 1950, . . 66,125 00
Clev., Cin., Ch. & St. L. (Col. & S. Div.) 4s, 1940, 64,050 00
Clev., Cin., Chic. & St. L. (St. L. Div.) 4s, 1990, . 190,027 50
Cleveland, Co., Cin. & Indianapolis 7s, 1914, . 9,925 00
Dayton & Michigan 5s, 1911, . . . . 64,050 00
Detroit, Grand Rapids & Western 4s, 1946, . 41,443 90
Easton & Ambov 5s, 1920 164,125 00
Elgin, Joliet & Eastern 5s, 1941, . . . 287,726 25
Elmira, Cortland & Northern 5s, 1914, . . 26,625 00
Elmira, Cortland & Northern 6s, 1914, . . 56,625 00
Erie prior lien 4s, 1996, 197,500 00
Grand Rapids & Indiana 4£s, 1941, . . . 22,000 00
Hartford Street 4s, 1930, 103,000 00
Rate.
300
255
100
134
101
190
250
110
150
145
550
160
181
270
130
.25
125
100
83
122
99
104f
99
101i
90f
91
89
96
89
100
89
lOOf
90i
106f
1041
107
126
98$
103f
116
103
105
116i
104
108
101
111
106
112
97
1141
89
104
104
107
96i
99|
119,
100
92
111*
115
104
111
97
105
102
Market Value.
$30,000 00
89,250 00
12.500 00
26,800 00
16,766 00
5,700 00
78,500 00
13,420 00
25,800 00
80,620 00
165,000 00
26,720 00
22,625 00
54,000 00
2,600 00
1,083 33
58,375 00
12.000 00
68,475 00
30,500 00
99,871 20
26,156 25
61,875 00
53,090 63
36,215 29
62.001 32
112.614 66
10,080 00
44,500 00
25,000 00
178,000 00
75,562 50
181,000 00
98,210 00
104,500 00
52,072 62
327,600 00
173,031 25
155,437 50
388,600
51,500
25,200
116,500
61,360 00
54,000 00
101,000 00
157,620 00
198,220 00
417,760 00
97,000 00
. 57,250 00
44,500 00
119,600 00
47,840 00
64,200 00
67,550 00
199,500 00
9,520 00
60,000 00
37,720 00
167,250 00
289,800 00
26,000 00
55,500 00
194,000 00
21,000 00
102,000 00
00
00
00
00
HOME INSURANCE CO.
259
Indianapolis & Vincennes 7s, 1908,
International & Great Northern 6s, 1919,
Iowa Central 5s, 1938,.
Iowa Falls & Sioux City 7s, 1917,
Jefferson 5s, 1909, .
Lake Shore & Michigan Southern 4s, 1928,
Lehigh Valley Terminal 5s, 1941,
Lehigh Valley 6s, 1923, .
Lehigh Valley 4*s, 1940, .
Long Island Unified 4s, 1949,
Louisville, Henderson & St. Louis 5s, 1946,
Louisville & Nashville 6s, 1930,
Louisville & Nash. (Ev. H., & N. D.) 6s, 1919,
Louisville & Nashville 4s, 1940,
Louisville & Nashville 4s, 1923,
Minneapolis & St. Louis 5s, 1934,
Minneapolis Union 6s, 1922,
Milwaukee, Lake Shore & Western 5s, 1929,
Missouri, Kansas & Eastern 5s, 1942,
Missouri Pacific 6s, 1920, .
Nashville, Chattanooga & St. Louis 5s, 1928,
N. Y. Cen. & H. R. (LakeSh. coll.) 3*s, 1998,
N. Y. Cen. & H. R. (Mich. Cen. coll.) 3*s, 1998,
New York Central & Hudson Riv. 4s, 1934,
New York, N. H. & Hart, convertible 3*s, 1956,
New York, Ontario & Western 4s, 1955,
Northern Pac.-Gt. Nor. (O, B. &. Q) 4s, 1921,
Northern Pacific 4s, 1997,
Northern Pac. (St. Paul & Dul. Div.) 4s, 1996,
Philadelphia & Reading Terminal 5s, 1941,
Port Reading 5s, 1941, ....
Reading 4s, 1997,
St. Louis, Iron Mountain & So. 5s, 1931,
St. Louis, Iron Mountain & Southern 4s, 1929,
St. Louis & San Francisco 5s, 1931, .
St. Louis Southern 4s, 1931,
St. Paul & Northern Pacific 6s, 1923,
Savannah, Florida & Western 6s, 1934,
Southern Pacific 4s, 1955, ....
Southern (St. Louis Div.) 4s, 1951, .
Terminal Assoc, of St. Louis 4s, 1953,
Terminal Assoc, of St. Louis 4*s, 1939,
Union Pacific 4s, 1947, ....
Utah & Northern 7s, 1908,
Wabash 1st mortgage 5s, 1939,
Wabash (Toledo & Chicago Div.) 4s, 1941,
Western Maryland 4s, 1952,
West Shore 4s. 2361, ....
Wheeling & Lake Erie 4s, 1949,
Wheeling Lake Erie (L. E. Div.) 5s, 1926, .
Miscellaneous Bonds.
New York Dock Co. 4s, 1951, .
Book Value.
Rate.
Market Value.
$92,054
80
102*
$79,950 00
240,527
50
115
230,000 00
114,625
00
112
112,000 00
131,938
75
123f
123,750 00
183,677
50
100
175,000 00
199,625
00
98
196,000 00
343,750
00
117*
364,250 00
91,962
25
121
90,750 00
151,840
00
108*
162,750 00
59,400
00
96
57.600 00
85,267
50
111
83)250 00
169,760
00
1141
164,880 00
47,675
00
111
47,730 00
98,000
00
100
100,000 00
97,981
25
96
96,000 00
131,227
50
111
124,320 00
52,633
33
121
60,500 00
55,180
00
116
58,000 00
110,575
00
109
109,000 00
116,533
33
H9i
119,500 00
57,346
25
112+
58,500 00
111,500
00
86i
107,812 50
89,500
00
85*
85,500 00
50,281
25
97f
48,812 50
202,050
00
112
289,296 00
197,000
00
96
192,000 00
125,550
25
96|
193,750 00
68,125
25
102
81,600 00
100,500
00
97
97,000 00
76,875
00
120-1
90,468 70
50,750
00
112
56,000 05
29,400
00
99
29,700 00
110,570
00
H3|
113,500 00
92,750
00
89
89,000 00
54,875
00
109f
54,812 50
65,405
00
99
63,360 00
91,682
50
122
104,920 00
125,000
00
131
131,000 00
97,000
00
94|
94,750 00
149,250
00
94*
141,750 00
200,767
50
95
190,000 00
82,312
50
109
81,750 00
72,187
50
102
76,500 00
60,750
00
102f
51,375 00
56,675
00
112*
56,250 00
73,312
50
93
69,750 00
45,093
75
82
41,000 00
103,125
00
103*
103,500 00
94,750
00
87
87,000 00
85,262
50
111
83,250 00
83,250
00
92
$:
75,900 00
$11,977,762
07
L2,870,902 43
AREUNAH M. BURTIS, \ c
CHARLES L. TYNER, / Secretaries.
HOME INSURANCE COMPANY, NEW YORK, N. Y.
Incorporated April 13, 1853. Commenced business April 13, 1853.
Paid-up Capital, $3,000,000.
ELBRIDGE G. SNOW, President.
Home Office, 56 Cedar Street.
Income.
Net fire premiums, $9,472,311.92; marine, $240,364.74, . . $9,712,676 66
Interest on mortgage loans, $4,621.21; stocks and bonds, $676,-
975; all other, $11,618.09, 693,214 30
Rents, including company's own occupancy, .... 178,903 72
260
HOME INSURANCE CO.
Profit on sale of stocks and bonds, .
Conscience money, .
Suspense account, .
Assets not taken credit for Dec. 31, 1905,
Total income, .
Ledger assets, Dec. 31, 1905, .
Total,
. $269,331 20
1,245 00
11,379 60
21,377 60
$10,888,128 08
. 19,222,865 17
$30,110,993 25
Disbursements.
Net amount paid for fire losses, $6,294,964.30; marine, $154,-
357.73,
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, $24,361 . 98 ; other taxes and fees, $235,423 . 36
Loss on sale of bonds, .......
Reduction in book value of stocks and bonds, .
Advertising, printing and stationery,
Restaurant, ....
Local boards and inspections,
Exchange, . . .
Fire patrols,
Legal expenses,
Postage, express and telegrams,
Maps, .....
Furniture and fixtures, .
Traveling expenses,
Miscellaneous expenditures,
56,449,322 03
600,000 00
1,799,944 29
536,376 33
75,208 68
33,993 47
259,785 34
2,453 56
36,388 04
116,670 15
21.818 17
138,421 83
10,677 35
32,061 73
2,026 55
80,040 12
13,568 76
19,877 63
85,734 09
73.819 87
Total disbursements, ....
Balance, ......
Ledger Assets.*
Real estate, $1,543,892.06; mortgages, $105,300,
Stocks and bonds (schedule A),
Cash in banks and trust companies,
Agents' balances, ....
Bills receivable, ....
Office premiums in course of collection,
Total ledger assets, ....
Non-Ledger Assets.
Market value of stocks and bonds over book value,
Gross assets,f ......
$10,388,187 99
$19,722,805 26
$1,649,192 06
15,836,212 56
1,074,430 70
814,906 63
821 52
347,241 79
$19,722,805 26
. 1,110,087 44
$20,832,892 70
* The company holds also instalment premium notes to the amount of $1,549,129.24, 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 prem-
iums."
t Including $1,500,000 special reserve held under New York laws.
HOME INSURANCE CO.
261
Assets not admitted.
Agents' balances over three months due,
Special deposits less $386,982 liability thereon,
Total unadmitted assets,
Total admitted assets, ....
$12,538 37
80,170 50
,708 87
Liabilities.
Unpaid losses, including $74,697 . 58 resisted, .
Less reinsurance, ......
Unearned premiums on outstanding risks,
Plus same on disallowed reinsurance,
Reserve for taxes, etc., ......
Commissions and other charges due agents and brokers,
Due for reinsurance, ......
$20,740,183 83
,700,424 24
665,048 43 $1,035,375 81
,497,951 00
12,142 00 8,510,093 00
50,000 00
68,707 14
778,784 99
All liabilities, except capital and surplus, . . . $10,442,960 94
Surplus to policy holders, .... $10,297,222 89
Paid-up capital, 3,000,000 00
Surplus over capital and general liabilities, . . . . 7,297,222 89
Total liabilities,
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
$20,740,183 83
Risks and Premiums.
Premiums.
$1,607,644,368 00 $15,969,970 00
1,364,472,891 00 13,923,178 75
Total, .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
12,972,117,259 00 $29,893,148 75
1,214,558,081 00 12,314,397 75
,757,559,178 00 $17,578,751 00
254,906,992 00 1,584,740 00
,502,652,186 00 $15,994,011 00
Marine risks outstanding Dec. 31, 1905,
Marine risks written during 1906, .
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$17,601,631 00
71,529,033 00
$89,130,664 00
72,353,666 00
$16,776,998 00
5,967,982 00
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 (20 per cent.), .
$409,863 00
488,778 98
,641 98
503,026 98
$395,615 00
95,483 00
$10,809,016 00 $300,132 00
$182,060,180 00
105,700,867 00
6,576,695 00
177,972 00
14,065,000 00
. 1,000,000 00
600,000 00
262
HOME INSURANCE CO.
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
1,000 shares Ateh., Top. & Santa F6, preferred,
2,000 " Baltimore & Ohio, common, .
3,000 " Baltimore & Ohio, preferred,
1,000 " Chic, Mil. & St. Paul, common,
1,000 rights C. M. & St. Paul,
1,000 shares Chicago & Northwestern, common,
1,000 " Chicago & Northwestern, preferred,
1,000 " Chic, St. P., Minn. & Om., preferred,
2,000 " Cleveland & Pittsburg, guaranteed,
1,000 " Ft. Wayne & Jackson, preferred,
600 " Great Northern, preferred,
600 " Great Northern ore certificates,
500 " Illinois Central,
1 ,000 " Kan. City, Ft. Scott & Mem., pref .,
5,000 " Lehigh Valley,
1,500 " Manhattan,
5,000 " Morris & Essex, .
1,500 " N. Y. Central & Hudson River,
1,500 " N. Y., New Haven & Hartford,
1,000 " Northern of New Jersey,
500 " Northern Pacific, .
10 " Northern Securities, stubs,
20,000 " Pennsylvania,
5,000 " Pittsburg, Bessemer & Lake Erie, .
2,500 " Pitts., Ft. Wayne & Chicago,
5,000 " Reading Co., 1st preferred,
1,000 " Rennselaer & Saratoga,
1,800 " Rochester & Genesee Valley, .
2,300 " Southern, preferred,
100 " 23d Street, ....
1,000 " Union Pacific, preferred stock,
2,630 " United N. J. R.R. & Canal Co.,
1,000 " Valley, ....
Bank Stocks.
200 shares Am. Ex. Nat'l, New York, N. Y.,
100 " ' Bank of America, New York, N. Y.
200 " B'koftheManhat'nCo.,N.Y.,N.Y
200 " Chatham Nat'l, New York, N. Y.,
200 " Fourth National, New York, N. Y
200 " Franklin Trust Co., Brooklyn, N. Y
150 " Long Is. L. & T. Co., Brook., N. Y
50 " Metro. Trust Co., New York, N. Y.
100 " U. S. Mtg. & T. Co., New York, N. Y
Miscellaneous Stocks.
2,500 shares Consolidated Gas Co., New York,
1,000 " The Mackay Co's., preferred, .
Government Bonds.
District of Columbia 3.65*, 1924,
United States 4s, 1925, .
United States of Mexico 5s, 1920,
State and Municipal Bonds
Georgia 3*s, 1920, .
New York 3s, 1912, .
New York, N. Y., 3s, 1933 op. 1913,
New York, N. Y., 3s, 1914,
New York, N. Y., 3s, 1920,
New York, N. Y., 3s, 1921,
New York, N. Y., 3£s, 1940,
New York, N. Y., 3*s, 1941,
New York, N. Y., 3£s, 1942,
New York, N. Y., 3£s, 1951,
New York, N. Y., 3£s, 1952,
New York, N. Y., 4£s, 1907,
Richmond, Va., 5s, 1922, .
Rochester, N. Y., 3£s, 1933 op. 1913,
Railroad Bonds.
Atchison, Topeka & Santa Fe 4s, 1955,
Atlantic Coast Line 4s, 1952,
Book Value.
$77,575 00
208,620 00
234,330 00
131,237 50
123,818 75
157,967 50
95,725 00
187,122 22
89,833 00
| 152,341 81 1
40,460 00
83,750 00
277,312 50
231,789 13
405,631 56
209,381 47
330,715 50
93,000 00
84,768 61
1,560 00
1,212,550 00
179,362 50
419,014 00
214,256 25
177,000 00
269,100 00
123,104 00
40,500 00
79,125 00
625,232 86
130,000 00
22,106 25
20,247 12
15,997 50
8,190 00
29,885 01
24,112 50
31,600 00
9,125 00
53,052 50
500,850 62
75,275 00
1,000,000 00
600,000 00
19,806 65
10,000 00
300,000 00
50,000 00
150,000 00
100,000 00
300,000 00
50,000 00
650,000 00
150,000 00
150,000 00
1,000,000 00
100,000 00
50,000 00
100,000 00
50,000 00
100,000 00
Rate.
99
119*
92 1
148£
33^
198i
230
181
177
142
181
79
165^
79^
154
142f
182
131
1901
97
185i
165
138f
67
173
90
200
145
94
387
94
255
130
247
525
300
300
212*
324
315
572^
475
138
68i
116
129f
99
105|
100
85f
94
90|
90f
92f '
92^
92|
91f
91f
100
111*
95
104*
96
Market Value.
$99,000 00
239,000 00
276,750 00
148,875 00
33,500 00
198,250 00
230,000 00
181,000 00
177,000 00
142,000 00
108,600 00
47,400 00
82,750 00
79,500 00
385,000 00
214,125 00
455,000 00
196,500 00
285,750 00
97,000 00
92,625 00
1,650 00
1,383,750 00
167,500 00
432,500 00
225,000 00
200.000 00
261,000 00
216,200 00
38,700 00
94,000 00
670,650 00
130,000 00
49,400 00
52,500 00
30,000 00
15,000 00
42,500 00
64,800 00
47,250 00
28,625 00
47,500 00
345,000 00
68,500 00
1,160,000 00
777,750 00
25,740 00
10,537 50
300,000 00
42,687 50
141,000 00
90,875 00
271,125 00
46,312 50
601,250 00
138,562 50
137,437 50
916,250 00
100,000 00
55,625 00
95,000 00
52,250 00
96,000 00
HOPE MUTUAL FIRE INSURANCE CO.
263
Boonville R.R. Bridge Co. 4s, 1951, .
Central of Georgia, 1st preferred, 5s, 1945,
Central of Georgia, 2d preferred, 5s, 1945,
Chesapeake & Ohio 4|s, 1992, .
Cleveland Terminal & Valley 4s, 1995,
Erie (Pennsylvania Coal collateral) 4s, 1951,
Louisville, Henderson & St. Louis 5s, 1946,
Louisville, New Albany & Chicago 6s, 1910,
N. Y., New Haven & Hartford convert. 3^s, 1956
Norfolk & Western & Pocahontas 4s, 1941,
Northern Pacific-Great Northern 4s, 1921,
Northern of California 6s, 1907,
Ohio & West Virginia 7s, 1910, .
Oregon Short Line 4s, 1929,
Pennsylvania 3-5-s, 1915,
Pennsylvania convertible 3-Js, 1912,
Pennsylvania 4s, 1931,
Read. Co. & the Phila. & Read. C. & I. Co. 4s, 1997
Southern gen. mortg. 4s, 1956, .
Terminal Association, St. Louis, 4s, 1953,
Union Pacific 4s, 1947,
Virginia Midland 5s, 1936,
West Shore 4s, 2361,
Miscellaneous Bonds.
Adams Express Co. 4s, 1948,
American Tobacco Co. 4s, 1951,
Consolidated Gas Co., New York, 6s, 1909,
New York & Westchester Lighting Co. 4s, 2004,
Book Value.
$89,850 00
12,000 00
8,000 00
100,000 00
99,250 00
280,367 50
20,000 00
100,000 00
100,000 00
95,250 00
360,000 00
200,000 00
100,000 00
97,250 00
333,000 00
200,000 00
100,000 00
100,000 00
249,264 00
99,625 00
200,000 00
39,778 75
100,000 00
50,000 00
154,145 00
50,000 00
92,000 00
$15,836,212 56
Rate. Market Value.
92 $92,000 00
89 15,130 00
77 9,240 00
103f 103,625 00
98 98,000 00
89| 269,250 00
111 27,750 00
106 106,000 00
112 112,000 00
91i 91,250 00
96|- 387,500 00
100 200,000 00
108 108,000 00
93^ 93,500 00
93 309,690 00
98 196,000 00
97i 97,250 00
99 99,000 00
92 276,000 00
95 95,000 00
102 204,000 00
lllf 55,812 50
103^ 103,500 00
101^ 50,750 00
74f 149,500 00
137 68,500 00
88 88,000 00
$16,946,300 00
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, $344,678 27
Interest on stocks and bonds, $11,962.22; all other, $1,487.56,. 13,449 78
Total income, $358,128 05
Ledger assets, Dec. 31, 1905, ....:.. 307,849 58
Total,
Disbursements.
Net amount paid for losses, .
Profits on terminated policies,
Salaries, fees, etc., of officers and employees,
Rents,
Taxes and fees,
Inspections, .
Office expenses,
Traveling expenses,
Total disbursements,
Balance,
5,977 63
$27,588 11
281,749 78
8,430 28
832 30
6,725 07
6,918 43
1,229 89
589 25
$334,063 11
$331,914 52
264
HOPE MUTUAL FIRE INSURANCE CO.
Ledger Assets.
Stocks and bonds (schedule A),
Cash in banks and office, ....
Premiums in course of collection,
Total ledger assets, ....
Non-Ledger Assets.
Interest due and accrued : —
On bonds, $187 . 50 ; other assets, $645 . 83,
Market value of stocks and bonds over book value,
Gross assets, ...
Liabilities.
Unpaid losses, ......
Unearned premiums on outstanding risks,
Taxes due or accrued, .....
All liabilities, except surplus, .
Surplus, ........
Total liabilities, .....
$241,683 89
81,078 04
9,152 59
$331,914 52
833 33
40,375 11
$373,122 96
$1,555 68
175,263 62
6,482 22
$183,301 52
189,821 44
$373,122 96
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outs'ding Dec. 31, 1905, $34,625,956 00 $320,342 92 $1,601,714 60
Risks written during 1906, . 41,232,173 00 366,053 96 1,830,269 80
Total, .
Risks expired and terminated
In force at end of year, .
$75,858,129 00
37,336,734 00
$686,396 88 $3,431,984 40
335,869 63 1,679,348 15
,521,395 00 $350,527 25 $1,752,636 25
Miscellaneous.
Losses
incurred during the year,
.
.
$27,318 00
Profits
, or surplus returned during 1906, 89.
5 per cent.
Schedule A. Stocks and Bonds
OWNED BY THE
Company.
Railroad Stocks.
Book Value.
Rate.
Market Value.
318 shares Chicago & Northwestern, common,
$32,748
66
198i
$63,043 50
200 '
1 Erie & Pittsburg,
16,200
00
156
15,600 00
100 '
' Hereford, ....
9,900
00
97
9,700 00
150 '
' Illinois Central, leased lines,
15,562
50
103
15,450 00
100 '
' Manhattan, ....
13,343
75
1421
14,275 00
68 '
' New York Central & Hudson River,
7,594
15
131
8,908 00
60 '
' Oswego & Syracuse, .
6,960
00
230
6,900 00
500 '
' Pennsylvania, ....
31,587
33
138|
34,593 75
100 '
' Pittsburg, Ft. Wayne & Chicago,
17,900
00
173
17,300 00
70 '
' Rensselaer & Saratoga,
12,827
50
200
14,000 00
50 '
' St. Louis Bridge, 1st preferred, .
6,825
00
140
7,000 00
100 '
' Tunnel, St. Louis, .
14,500
00
130
13,000 00
100 '
' Upper Coos, ....
State Bonds.
15,137
50
145
14,500 00
Rhode
Island 3s, 1936, ....
25,497
50
971
24,406 25
Railroad Bonds.
North.
Pac.-Gt. North. (C, B. & Q. col.) 4s, 1921
13,100
00
961
21,312 50
WestS
hore 4s, 2361, ....
2,000
00
103|
2,070 00
$241,683
89
$282,059 00
INDEMNITY FIRE INSURANCE CO. 265
INDEMNITY FIRE INSURANCE COMPANY OF NEW YORK,
NEW YORK, N. Y.
Incorporated 1897. Commenced business Oct. 1, 1898.
Paid-up Capital, $200,000.
J. MONTGOMERY HARE, President. WIVL* H.^HARE* Jr., } Secretaries.
Home Office, 56 Pine Street.
Income.
Net fire premiums, .......
Interest on stocks and bonds, $14,497.24; deposits, $395.14,
Profit on sale of stock, .......
Borrowed money, ........
Total income, ........
Ledger assets, Dec. 31, 1905, ......
Total, . . . . .
Disbursements.
Net amount paid for fire losses, .....
Commissions or brokerage, ......
Salaries, fees, etc., of officers and employees,
Rents, . . . .
Taxes and fees, ........
Advertising and stationery, .
Furniture and maps, .......
All other disbursements, ......
Total disbursements, ......
Balance, . .
Ledger Assets.
Stocks and bonds (schedule A),
Cash in banks and office, ......
Agents' balances, ........
Total ledger assets, ......
Non-Ledger Assets.
Interest accrued on bonds, ......
Due from other companies, ......
Gross assets, $481,153 56
Assets not admitted.
Agents' balances over three months due, . . $1,294 73
Book value of stocks and bonds over market value, . 4,755 00
Total unadmitted assets, .... 6,049 73
$258,238 85
14,892
38
88
55
20,000
00
$293,219 78
506,368
74
$799,588 52
$233,390 29
50,627
28
12,219
54
1,170
04
10,387
20
3,188
79
1,135
52
8,072
96
$320,191
62
$479,396 90
$431,080 00
22,655
37
25,661
53
$479,396 90
991
67
764
99
Total admitted assets, . . . - \ . . . $475,103 83
266
INDEMNITY FIRE INSURANCE CO.
Liabilities.
>,830 resisted,
Unpaid losses, including
Less reinsurance, .....
Unearned premiums on outstanding risks,
Salaries and other miscellaneous expenses, due or accrued,
Borrowed money, .......
,443 10
21,550 06
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$216,689 75
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$37,016,238 00
29,455,341 00
,893 04
188,361 72
3,159 32
20,000 00
$258,414 08
200,000 00
16,689 75
$475,103 83
Premiums.
£467,115 90
385,071 54
,471,579 00
28,829,383 00
537,642,196 00
8,301,380 00
,187 44
387,786 46
$464,400 98
99,812 50
$29,340,816 00 $364,588 48
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,
51,749,412 00
1,039,582 00
260,004 00
3,500 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
200 shares Allegheny & Western,
100 " Chicago & Eastern Illinois, preferred, .
200 " Kansas City, Ft. Scott & Mem., pref., .
300 " Norfolk & Western, preferred,
200 " Southwestern of Georgia, .
200 " Southern (Mobile & Ohio),
100 " Twin City Rapid Transit, preferred, .
400 " Union Pacific, preferred, .
Miscellaneous Stocks.
10 shares Underwriters' Salvage Co., N. Y.,
Government Bonds.
United States 2s, 1930,
State and Municipal Bonds.
New York 3s, 1912,
New York, N. Y., 3s, 1914, ....
New York, N. Y., 3s, 1950, ....
Railroad Bonds.
Norfolk & Western (Pocahontas) 4s, 1941, .
Oregon Short Line 4s, 1929, ....
Book Value.
$28,675 00
13,700 00
16,500 00
27,037 50
22,600 00
17,000 00
11,812 50
32,850 00
1,000 00
100,000 00
26,062 50
25,281 25
74,812 50
14,156 25
19,592 50
$431,080 00
Rate.
145
125
79^
90
117
93
150
94
100
104*
100
94
81*
»H
93^
Market Value.
$29,000 00
12,500 00
15,900 00
27,000 00
23,400 00
18,600 00
15,000 00
-37,600.00
1,000 00
104,500 00
25,000 00
23,500 00
60,937 50
13,687 50
18,700 00
$426,325 00
THE INDIANAPOLIS FIRE INSURANCE CO.
267
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, . . . . .
Interest on mortgage loans, $18,719.02; bonds, $3,407.50; all
other, $389.16,
Commissions, .........
$351,672 86
22,515 68
400 00
Total income, .
Ledger assets, Dec. 31, 1905, ....
Total,
Disbursements.
Net amount paid for fire losses,
Dividends to stockholders,
Commissioners or brokerage, ....
Salaries, fees, etc., of officers and employees,
Rents, .......
Taxes and fees, . . .
Loss on sale of bonds, .....
Advertising, printing and stationery,
All other disbursements, ....
Total disbursements, ....
Balance, . . .
Ledger Assets.
Mortgages, .
Bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Due from other company,
Deposit with State Auditor of Indiana,
Total ledger assets, ....
Non-Ledger Assets.
Interest accrued : —
On mortgages, $5,322 . 64; bonds, $331 . 91 ; other assets, $39 . 15,
Gross assets, ' . . .
Assets not admitted.
Agents' balances over three months due,
Due from unauthorized company, ...
Book value of bonds over market value, .
Special deposit, $52,250; liab. in set off, $52,250
Total unadmitted assets, ....
Total admitted assets, .....
$374,588 54
561,887 12
$936,475 66
$242,164 97
12,000 00
84,954 95
27,567 15
2,120 00
11,580 63
2,369 98
3,521 49
17,839 99
$404,119 16
$532,356 50
$381,060 00
87,418 12
16,823 08
40,112 79
4,042 51
2,900 00
•
$532,356 50
bs, $39.15,
5,693 70
•
$538,050 20
$1,137 19
4,042 51
423 74
5,603 44
$532,446 76.
288
THE INSURANCE CO. OF NORTH AMERICA.
Liabilities.
Unpaid losses, $40,703.15; less reinsurance, $620.29,
Unearned premiums on outstanding risks;
Plus same on disallowed reinsurance,
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, . .
Surplus over capital and general liabilities,
Total liabilities, ....
$254,646 21
8,690 69
$229,027 00
■ $40,082 86
263,336 90
$303,419 76
200,000 00
29,027 00
$532,446 76
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1905, . . . $34,422,392 00 $483,028 36
Fire risks written during 1906, . . . 32,849,355 00 462,153 73
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
,271,747 00 $945,182 09
29,411,854 00 425,127 07
$37,859,893 00 $520,055 02
2,410,580 00 34,011 71
$35,449,313 00 $486,043 31
Miscellaneous.
Premiums received from organization of company, . .
. $1,734,856 00
Losses paid from organization of company,
842,610 00
Fire losses incurred during the year,
253,093 00
Cash dividends declared from organization of
company,
58,000 00
Dividends declared during the year (6 per cent.),
12,000 00
Company's stock owned by directors,
•
21,050 00
Schedule A. Bonds owned
BY THE COI
tfPANY.
Government Bonds.
Book Value.
Rate.
Market Value.
United States 2s, 1930,
$51,970 68
104£
$52,250 00
County and Municipal Bonds.
Brazil, Ind., 4s, 1915, .....
3,045 70
lOOf
3,022 50
Helena, Mont., 4£s, 1922,
2,543 92
101f
2,534 38
Irvington, Ind., 4s, 1910, .....
8,080 19
100
8,000 00
Shelby County, Ind., 4s, 1918-19,
10,462 71
101|
10,187 50
Vincennes, Ind., 4s, 1913,
11,314 92
100
11,000 00
$87,418 12
$86,994 38
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, $5,645,407.66; marine, $1,886,241.29, . $7,531,648 95
Deposit premiums on perpetual risks, ..... 35,837 93
THE INSURANCE CO. OF NORTH AMERICA.
269
Interest on mortgage loans, $28,983.73; collaterals, $4,975.70
stocks and bonds, $389,352 . 21 ; deposits, $2,696 . 98,
Rents, including company's own occupancy,
Profit on sale of ledger assets, .....
Profit and loss, ........
Increase in book value of bonds, .....
Perpetual permits, transfer fees and earned deposits,
Total income, ........
Ledger assets, Dec. 31, 1905, ......
);
. $426,008 62
28,478
00
51,325
29
609
66
625
00
2,906
24
. $8,077,439 69
. 12,576,834
05
Total,
Disbursements.
,442,
Net amount paid for fire losses, $5,849,658.36; marine
009.25,
Deposit premiums returned, ......
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, $6,676.55; other taxes and fees, $150,095.04
Loss on sale or maturity of ledger assets,
Adjustment expenses,
Advertising, printing and stationery,
Agency expenses and inspections, .
Legal expenses, ....
Operation of wrecking company,
Donations, including $5,000 to San Francisco sufferers,
Reduction in book value of stocks and bonds, .
Profit and loss, .......
Underwriters' boards, ......
Postage, express and miscellaneous expenditures,
$20,654,273
74
. $7,291,667 61
29,278 92
360,030 00
. 1,555,703 57
493,180
84
31,133
8,107
, 156,771
13,788
70
10
59
73
21,790
56,138
30,291
7,429
13
52
77
34
10,325
5,862
19
28
3,213
1,500
27,691
69
01
04
146,283
62
Total disbursements,
Balance,
Ledger Assets.
Real estate, $437,506.25; mortgages, $537,583.48,
Loans secured by real estate, .
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Bills receivable,
Book accounts,
Total ledger assets,
Non-Ledger Assets.
Interest due and accrued on mortgages, .
Market value of stocks and bonds over book value,
Due from other companies, .
Gross assets, . . . . ...
,250,187 65
$10,404,086 09
$975,089 73
13,400 00
7,441,895 00
726,384 64
1,213,645 01
33,161 12
510 59
$10,404,086 09
3,948 25
94,976 00
96,162 02
$10,599,172 36
270
THE INSURANCE CO. OF NORTH AMERICA.
Assets not admitted.
Agents' balances over three months due, . $7,354 25
Special deposits less $242,388. 14 liability thereon, 105,165 61
Due from unauthorized companies, . . 91,387 36
Book accounts, ...... 510 59
Total unadmitted assets, . . .
Total admitted assets, ......
Liabilities.
Unpaid losses, including $20,096 resisted, . $860,865
Less reinsurance, ...... 28,265
Unearned premiums on outstanding risks, . 5,060,102
Plus same on disallowed reinsurance, . . 4,850
Reclaimable on perpetual fire policies, .
Salaries and other miscellaneous expenses, due or accrued,
Commissions and other charges due agents and brokers,
Due for reinsurance, ......
- $204,417 81
$10,394,754 55
00
00 $832,600 00
09
07
— 5,064,952 16
765,227 75
20,966 94
55,000 00
14,835 32
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$3,641,172 38
>,753,582 17
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
$762,143,054
552,251,999
3,000,000 00
641,172 38
,394,754 55
Premiums.
00 $9,212,915 91
00 7,051,122 23
$1,314,395,053
. 516,460,107
00 $16,264,038 14
00 6,471,611 70
Net amount in force,
Perpetual risks in force (not included above),
Marine risks outstanding Dec. 31, 1905, .
Marine risks written during 1906,
Total, .
Risks expired and terminated,
In force at end of year, .
$797,934,946
58,426,037
00 $9,792,426 44
00 667,910 86
$739,508,909
$33,356,229
$73,621,795
479,287,263
00 $9,124,515 58
00 $843,330 69
00 $374,650 85
00 2,261,490 40
$552,909,058
478,651,460
00 $2,636,141 25
00 2,258,490 40
$74,257,598 00 .$377,650 85
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,
$190,477,185 00
131,121,564 00
. 5,788,924 00
. 1,371,068 00
. 17,418,875 00
THE INSURANCE CO. OF NORTH AMERICA.
271
Stock dividends declared from organization of company,
Dividends declared during the year (12 per cent.), .
Company's stock owned by directors,
$200,000 00
360,000 00
96,230 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
100 shares Delaware & Bound Brook,
500 " North Penns3rlvania,
2,500 " Philadelphia Traction, .
Bank Stocks.
100 shares Girard National, Philadelphia, Pa., .
100 " Philadelphia Nat'l, Philadelphia, Pa.,
Miscellaneous Stocks.
Atlantic Mutual Insurance Co. scrip, .
165 shares New York Dock, preferred,
500 " North America Wrecking Co.,
10 " Pacific Coast Salvage Association,
40 " Philadelphia Bourse,
30 " Philadelphia Bourse, preferred,
10 " Underwriters' Salvage Co., Chicago,
10 " Underwriters' Salvage Co., N. Y.,
1,250 " United Gas Improvement Co.,
Government Bonds.
Belgian 3s, ......
State, County and Municipal Bonds.
Boston, Mass., 4s, 1913, .
Colfax Countv, New Mexico, 6s, 1917,
Delaware County, Pa., 3fcs, 1917 op. 1902,
Georgia Us, 1911,
Grant County, New Mexico, 5s, 1932 op. 1922,
Jersey City, N. J., 4s, 1935,
Montreal, Canada, 3 is, 1939,
Montreal, Canada, 4s, 1925,
Montreal, Canada, 4s, 1926,
New Mexico 6s, 1919, op. 1909,
New York, N. Y., 3 Js, 1952,
Nova Scotia 3s, 1922,
Ottawa, Canada, 3^s, 1928,
Portland, Ore., 5s, 1922, .
Raton, New Mexico, 6s, 1917,
Richmond, Va., 4s, 1923, .
Richmond, Va., 4s, 1927, .
Railroad Bonds,
Atlantic & Danville 4s, 1948,
Atlantic City 4s, 1951,
Baltimore & Ohio 4s, 1948,
Baltimore & Ohio prior lien 3^-s, 1925,
Baltimore & Ohio (Southwestern Div.) 3^s, 1925,
Baltimore & Potomac 6s, 1911,
Baltimore & Potomac Tunnel 6s, 1911,
Belt R.R. & Stock Yard 6s, 1911,
Bergen County 6s, 1911, .
Camden & Atlantic 5s, 1911,
Canadian Northern 4s, 1930,
Central Pacific 3£s, 1929, .
Central Pacific 4s, 1954, .
Chesapeake & Ohio equipment 4s, 1907,
Chesapeake & Ohio equipment 4s, 1910,
Chesapeake & Ohio equipment 4s, 1908,
Chesapeake & Ohio equipment 4s, 1909,
Chesapeake & Ohio equipment 4s, 1910,
Chesapeake & Ohio 4^s, 1992, .
Chicago & Erie 5s, 1982, .
Chicago, Rock Island & Pacific 4s, 1909,
Chicago, Rock Island & Pacific 4s, 1988,
Chicago, St. Louis & New Orleans 3^s, 1951
Choctaw & Memphis 5s, 1949, .
Choctaw, Oklahoma & Gulf 5s, 1952,
Choctaw, Oklahoma & Gulf 5s, 1919,
Choctaw, Oklahoma & Gulf 5s, 1907,
Book Value.
$19,000 00
50,000 00
247,500 00
25,000 00
10,000 00
19,970 00
13,500 00
29,000 00
1,250 00
200 00
750 00
1,000 00
1,000 00
105,500 00
49,000 00
112,000 00
100 00
35,000 00
25,000 00
8,000 00
100,000 00
42.600 00
16,000 00
95,000 00
2,000 00
100,000 00
9,000 00
28,500 00
50.000 00
'200 00
50,000 00
3,000 00
24,000 00
74,250 00
30,000 00
190,000 00
183,000 00
10,000 00
5,000 00
50,000 00
50,000 00
50,000 00
30,000 00
43,800 00
148,500 00
25,000 00
75,000 00
50,000 00
24,000 00
24,000 00
75,000 00
50,000 00
24,000 00
100,000 00
50,000 00
50,000 00
50,000 00
50,000 00
5,000 00
Rate.
206
206
183
255
308
100
83
65
100
11
12
100
100
186
lOOf
107f
97*
105
103
100
90
99
99
103+
91|
89|
91i
1 12f
106
101i
101f
95
96
lOOf
92|
90+,
107
107
106$
102
104
100^
85^
95+
99f
97^
99
98i
97^
103f
1161
98i
99|
90
114+,
108^
105
100
Market Value.
$20,600 00
51,500 00
228,750 00
25,500 00
30,800 00
19,970 00
13,695 00
32,500 00
2,500 00
220 00
90 00
1,000 00
1,000 00
116,250 00
lOOf 49,183 75
112,840 00
107 75
34,125 00
26,250 00
8,240 00
100,000 00
40,500 00
15,840 00
94,050 00
2,070 00
91,625
8,975
27,375
56.187
212
50,625
3,041
00
00
00
50
00
00
25
23.750 00
72,000 00
30,225 00
184,500 00
181,000 00
10,700 00
5,350 00
53,375 00
51,000 00
52,000 00
30,150 00
42,625 00
143,250 00
24,937
72,937
49,500
24,531
24,312 50
77,718 75
58,250 00
24,531 25
99,750 00
45,000 00
57,250 00
54,250 00
52,500 00
5,000 00
50
50
00
25
272
THE INSURANCE CO. OF NORTH AMERICA.
Choctaw, Oklahoma & Gulf 5s, 1908,
Cincinnati, Hamilton & Dayton 5s, 1942,
Cleveland, Cincinnati, Chicago & St. Lo. 4s, 1993,
Cleveland, Lorain & Wheeling 5s, 1933,
Cleveland, Lorain & Wheeling 5s, 1936,
Consolidated Traction Co. of N. J. 5s, 1933,
Delaware & Chesapeake 4s, 1912,
Delaware River R.R. & Bridge Co. 4s, 1936,
Empress Elizabeth of Austria 4s,
Erie general lien 4s, 1996,
Erie prior lien 4s, 1996,
Erie Car Trust 4*s, 1909, .
Indiana, Illinois & Iowa 4s, 1950,
Indianapolis Union 4s, 1909,
Iron Mountain Car trust 5s, 1912,
Iron Mountain Car trust 5s, 1913,
Jefferson (Carbondale Branch) 5s, 1909,
Jersey City, Hoboken & Patterson St. 4s, 1949,
Lake Shore & Michigan Southern 4s, 1928,
Lehigh Valley 4*s, annuity,
Lehigh Valley 4*s, 1923, .
Lehigh Valley 4s, 2003, .
Lehigh Valley 4*s, 1940, . .
Lehigh Valley Terminal 5s, 1941,
Lehigh Vallev Transit 4s, 1935,
Lehigh & Wilkesbarre Coal Co. 5s, 1912,
Long Island guar. ref. 4s, 1949, .
Louisville & Nashville (E., H. & N. Div.) 6s, 1919
Louisville & Nashville 4s, 1940,
Market Street Elevated Passenger 4s, 1955,
McKeesport & Belle Vernon 6s, 1918,
Norfolk & Western 4s, 1944,
Norfolk & Western 4s, 1996,
Norfolk & Western equipment 4s, 1909,
Norfolk & Western equipment 4s, 1911,
Oregon Short Line 4s, 1929,
Pennsylvania 4*s, 1913,
Pennsylvania Co. 3*s, 1916,
Philadelphia & Baltimore Central 5s, 1911,
Philadelphia & Erie 5s, 1920, .
Pittsburg, Cincinnati, Chicago & St. L. 4*s, 1940,
Pittsburg, Cincinnati, Chicago & St. L. 4*s, 1942,
Pittsburg, Cincinnati, Chicago & St. L. 4s, 1945,
Pittsburg, Cincinnati, Chicago & St. L. 3*s, 1949,
Pitts., McKeesport & Youhiogheny 6s, 1934,
Read. Co. & Phil. & Read. C. & I. Co. 4s, 1997,
Richmond-Washington Co. 4s, 1943, .
Rio Grande Western 4s, 1949, .
St. Paul & Duluth 4s, 1968,
St. Louis, Memphis & Southeastern 4*s, 1909,
San Antonio & Aransas Pass 4s, 1943,
Southern equipment 4*s, 1909, .
Southern equipment 4*s, 1912, .
Southern equipment 4*s, 1911, .
Steubenville & Indiana 5s, 1914,
Steuben ville Traction & Light Co. 5s, 1926,
Terminal Association of St. Louis 5s, 1944,
Terminal Association of St. Louis 4s, 1953,
Tioga 5s, 1915,
West Shore 4s, 2361, . . _ .
Western New York & Pennsylvania 4s, 1943,
Wilkinsburg & East Pittsburg Street 5s, 1929,
Wilmington & Weldon 4s, 1935,
Miscellaneous Bonds.
American Telephone & Telegraph Co. 4s, 1929,
Cherokee Construction Co. 6s, 1907, .
Erie & Western Transportation Co. 4s, 1925,
Equitable Illuminating Gas Light Co. 5s, 1928,
Harrisburg Gas Co. 5s, 1928,
Lehigh Coal & Navigation Co. 4*s, 1924,
New York Dock Co. 4s, 1951, . . ' .
Omaha Gas Co. 5s, 1917, .
Book Value.
$12,000 00
50,000 00
48,000 00
50,000 00
25,000 00
100,000 00
100,000 00
50,000 00
40,000 00
89,000 00
94,000 00
25,000 00
36,000 00
100,000 00
28,000 00
15,000 00
50,000 00
41,000 00
150,000 00
52,000 00
50,000 00
197,000 00
50,000 00
40,000 00
46,500 00
10,000 00
100,000 00
44,000 00
49,000 00
64,275 00
20,000 00
49,000 00
150,000 00
49,000 00
49,000 00
98,000 00
50,000 00
48,000 00
100,000 00
150,000 00
50,000 00
25,000 00
60,000 00
95,000 00
50,000 00
150,000 00
50,000 00
46,000 00
50,000 00
50,000 00
18,000 00
50,000 00
50,000 00
100,000 00
200,000 00
25,000 00
40,000 00
150,000 00
5,000 00
25,000 00
99,000 00
50,000 00
50,000 00
48,000 00
125,000 00
100,000 00
131,000 00
25,000 00
50,000 00
16,500 00
25,000 00
Rate.
100
106
101
1121
105
1051
98
100
100
87*
97
99
98*
99
100
100
100
71
98
115
106
97*
108*
117i
86
99f
99
111
100
99
116
96
981
98i
96f
93*
102
95*
1021
112
1091
109*
1001
90*
132
99
102*
87
97
961
86*
99*
97i
98*
105*
99
117*
95
103
103*
93*
110
100
90
100
100
106
102
104*
92
100
Market Value.
$12,000 00
53,000 00
50,500 00
56,250 00
26,250 00
105,500 00
98,000 00
50,000 00
40,000 00
87,500 00
91,180 00
24,750 00
35,460 00
99,000 00
28,000 00
15,000 00
50,000 00
35,500 00
147,000 00
59,800 00
53,000 00
194,500 00
54,250 00
47,000 00
43,000 00
9,975 00
99,000 00
48,840 00
50,000 00
64,350 00
23,200 00
48,000 00
147,750 00
49,062 50
48,187 50
93,500 00
51,000 00
47,750 00
102,250 00
168,000 00
54,625 00
27,375 00
59,295 00
90,500 00
66,000 00
148,500 00
51,250 00
43,500 00
48,500 00
48,125 00
18,165 00
49,562 50
48,937 50
98,250 00
211,000 00
24,750 00
46,900 00
142,500 00
5,150 00
25,875 00
93,500 00
55,000 00
50,000 00
45,000 00
125,000 00
100,000 00
138,860 00
25,500 00
52,250 00
15,180 00
25,000 00
THE INSURANCE CO. OF THE STATE OF PENNSYLVANIA. 273
Philadelphia Co. 5s, 1949,
Potomac Electric Power Co. 5s, 1929,
Book Value,
$50,000 00
25,000 00
',441,895 00
Rate.
107
104
Market Value.
$53,500 00
26,000 00
$7,536,871 00
THE INSURANCE COMPANY OF THE STATE OF PENNSYLVANIA,
PHILADELPHIA, PA.
Incorporated April 18, 1794. Commenced business Nov. 5, 1794.
* Paid-up Capital, $200,000.
WM. MUIR, President. E. R. DANNELS, Secretary.
Home Office, 300 Walnut Street.
Income.
Net fire premiums, .....
Deposit premiums on perpetual risks,
Interest on stocks and bonds, $13,292.89; all other,
Rents, including company's own occupancy,
Profit and loss, ......
Discount on perpetual insurance cancelled,
,344.86,
Total income, . . . . •
Ledger assets, Dec. 31, 1905, plus $200,000 increase in capital,
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, $2,923.28; other taxes and fees, $8,210
Premiums on securities purchased, .
Legal expenses, .......
Advertising, printing and supplies, ....
Cancellation of general manager's contract,
Maps, .........
Postage, express, telegrams and telephone,
Traveling expenses, ......
Underwriters' boards, protective associations and patrol,
All other disbursements, .....
Total disbursements, .....
Balance, .......
34,
Real estate, .
Stocks and bonds (schedule A),
Ledger Assets.
$385,876 57
12,914 95
14,637 75
16,983 29
3 54
787 48
$431,203 58
817,976 91
1,249,180 49
$153,387 66
23,389 96
85,941 64
16,623 03
1,233 34
10,529 78
11,133 62
230
2,510
5,612
8,000 00
1,380 01
1,589 82
1,941 12
3,866 25
2,397 04
00
29
02
$329,765 58
$919,414 91
$306,533 19
480,056 50
* Cash capital Dec. 31, 1905,
Increase of capital during 1906,
$200,000 00
200,000 00
Total $400,000 00
Decrease in cash capital during 1906 without distribution of assets, 200,000 00
Cash capital Dec. 31, 1906,
$200,000 00
274 THE INSURANCE CO. OF THE STATE OF PENNSYLVANIA.
Cash in banks and office, .....
Agents' balances, .......
Bills receivable, .......
Deposit with Philadelphia Underwriters' Association,
Deposits on perpetual risks> .....
Total ledger assets, .......
Non-Ledger Assets.
Interest accrued on bonds, .......
Rents due and accrued on company's property,
Due from other companies, . . . .
Gross assets, .........
Assets not admitted.
Agents' balances over three months due, . . $4,390 86
Bills receivable, past due, . . . . 5,556 30
Reclaimable on deposit with unauthorized com-
pany, 700 62
Book value of real estate over market value, . 30,000 00
Book value of stocks and bonds over market value, 17,358 12
Deposit with Phila. Underwriters' Association, . 100 00
Total unadmitted assets, . . .
Total admitted assets, . .
LIABILITIES;
Unpaid losses, including $1,800 resisted, . $32,524 91
Less reinsurance, . . . . . . . 2,172 67
Unearned premiums on outstanding risks, ....
Reclaimable on perpetual fire policies, .....
Salaries and other miscellaneous expenses, due or accrued,
Commissions and other charges due agents and brokers,
Perpetuals not reclaimable, .......
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$31,685 90
91,275 72
5,936 30
100 00
3,827 30
$9193414 91
$5,595 49
1,259 83
1,470 39
$927,740 62
$431,130 73
58,105 90
$869,634 72
$30,352 24
230,368 26
168,660 61
571 13
8,169 02
382 73
$438,503 99
200,000 00
231,130 73
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Perpetual risks in force (not included above),
$20,366,961 00
41,248,421 00
$61,615,382 00
24,859,497 00
,755,885 00
1,712,910 00
$35,042,975 00
$5,482,072 00
,634 72
Premiums.
$255,050 83
502,628 51
$757,679 34
302,189 59
$455,489 75
25,347 97
$430,141 78
$187,400 68
THE INSURANCE CO. OF THE STATE OF PENNSYLVANIA.
275
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,
$23,020,245 00
. 17,816,467 00
160,630 00
. 4,315,406 00
122,550 00
Schedule A. Stocks and Bonds owned by the Company.
Bank Stocks. Book Value. Rate. Market Value.
10 shares Fidelity Trust Co., Philadelphia, Pa., . $8,000 00 784 $7,840 00
10 " Fourth St. National, Philadelphia, Pa., 3,000 00 307 3,070 00
Miscellaneous Stocks.
2 shares General Adjustment Bureau, . . 100 00 100 100 CO
250 " United Gas Improvement Co., . . 21,450 00 186 23,250 00
1 share Western Adjustment & Inspection Co., 140 00 100 100 00
County and Municipal Bonds.
Allegheny, Pa., School District 3£s, 1921, . . 10,346 00 96f 9,675 00
Allegheny County 3-fcs, 1932, op. 1922, . . 10,025 00 94f 9,437 50
Atlanta, Ga., 3£s, 1931, 10,055 00 93$ • 9,387 50
Chester, Pa., 3£s, 1913, ...... 5,084 50 98 4,900 00
Cincinnati, O., 3£s, 1952, op. 1932, ... 10,075 00 96f 9,675 00
Cleveland, O., 4s, 1922, . . . . . 10,300 00 101f 10,175 00
Harrisburg, Pa., 3£s, 1908, .... 20,025 00 99£ 19,900 00
Montgomery County, Pa., 3 is, 1928, . . . 5,213 00 94f 4,731 25
New York, N. Y., 3*s, 1951, .... 25,677 50 91$ 22,906 25
New York. N. Y., 34s, 1952, .... 31,050 00 91f 27,487 50
New York,' N. Y., 3£s, 1953, .... 20,475 00 91* 18,300 00
Philadelphia, Pa., 3 $s, 1908, .... .15,22500 100 15,00000
Philadelphia, Pa., 3s, 1917, .... 3,890 00 96f 3,865 00
Philadelphia, Pa., 3s, 1923, .... 1,653 25 95$ 1,617 13
Philadelphia, Pa., 3£s, 1932, .... 25,912 50 101f 25,437 50
Pittsburg, Pa. (Sterrett School District) 4s, 1931, 10,982 00 103$ 10,312 50
Rochester, N. Y., 3$s, 1933, .... 5,093 50 95 4,750 00
Scranton, Pa., School District 4$s, 1919, . . 5,724 50 101$ 5,093 75
Syracuse, N. Y., 3s, 1909, .... 9,605 00 98 9,800 00
Railroad Bonds.
Baltimore & Ohio prior lien 3^s, 1925, . . 18,875 00 92^ 18,450 00
Brooklyn Rapid Transit 4s, 2002, . . . 14,127 50 92 13,800 00
Chesapeake & Ohio 4s, 1908, .... 4,928 50 99 4,950 00
Chesa. & O. (Rich. & Allegh. Div ) 1st con., 4s, 1989, 15,187 50 100 15,000 00
Chicago & Western Indiana 4s, 1952, . . . 14,812 50 97 14,550 00
Ga. R'y & Elec. 5s, 1932, 10,475 00 102 10,200 00
Lehigh Valley of N. Y. 4$s, 1940, . , . 5,512 50 107£ 5,375 00
Lehigh Valley 4s, 2003, 10,000 00 97£ 9,725 00
Norfolk & Western 4s, 1910 9,730 00 97£ 9,725 00
Northern Pacific 4s, 1997, .... 10,450 00 102 10,200 00
Pennsylvania convertible 3$s, 1915, . . . 9,743 75 93 9,300 00
Pennsylvania Co. 4s, 1931, .... 19,975 00 97£ 19,450 00
Pennsylvania Co. 3$s, 1916, .... 9,600 00 95^ 9,550 00
Reading Co. (Jersey Central) 4s, 1951, . . 9,975 00 95^ 9,550 00
Roanoke R'y & Electric 5s, 1953, . . . 10,250 00 98 9,800 00
St. Lo., Iron Mt. & South. (R. & G. Div.) 4s, 1933, 9,387 50 92 9,200 00
Southern 5s, 1909, . . . . ' . . 10,150 00 100 10,000 00
Southern 5s, 1994, 17,775 00 113f 17,062 50
$480,056 50
$462,698 38
276 THE JEFFERSON FIRE INSURANCE CO. OF PHILADELPHIA.
THE JEFFERSON FIRE INSURANCE COMPANY OF PHILADELPHIA,
PA., PHILADELPHIA, PA.
Incorporated April, 1855. Commenced business August, 1855.
Paid-up Capital, $200,000.
SYDNEY E. HUTCHINSON, President. CHARLES B. JENNINGS, Secretary.
Home Office, 325 Walnut Street.
Income.
Net fire premiums, $528,268.48; marine, $4,248.36, . . $532,516 84
Deposit premiums on perpetual risks, ..... 5,024 98
Interest on mortgage loans, $6,780.04; collaterals, $722.73;
stocks and bonds, $12,241.22; all other, $2,383.65, . . 22,127 64
Rents, 5,835 69
Profit on sale or maturity of ledger assets, .... 308 25
Premium on increase in capital in 1905, ..... 75,000 00
From all other sources, ........ 365 48
Total income, $641,178 88
Ledger assets, Dec. 31, 1905, 548,055 58
Total, $1,189,234 46
Disbursements.
Net amount paid for fire losses, ...... $129,024 51
Deposit premiums returned, ....... 4,660 88
Dividends to stockholders, 10,000 00
Commissions or brokerage, ....... 174,796 23
Salaries, fees, etc., of officers and employees, .... 8,870 89
Repairs and expenses on real estate, ..... 974 31
Real estate taxes, $1,244.89; other taxes and fees, $10,205.21, . 11,450 10
Loss on sale of ledger assets, . . . . . . . 5,897 94
Advertising, postage and express, ...... 1,949 07
Printing, stationery and supplies, ...... 10,615 54
Traveling and miscellaneous expenses, ..... 11,212 70
Total disbursements, $369,452 17
Balance, . . . . . . . . . $819,782 29
Ledger Assets.
Real estate, $57,502.71; mortgages, $44,971, .... $102,47371
Loans secured by collateral (schedule A), . . . . 25,000 00
Stocks and bonds (schedule B), 566,622 72
Cash in banks and office, ........ 26,427 45
Agents' balances, ......... 96,544 67
Ground rents, ......... 2,463 74
Perpetual insurance deposit, . . . . . . . 150 00
Deposit with Philadelphia Underwriters' Association, . . 100 00
Total ledger assets, $819,782 29
THE JEFFERSON FIRE INSURANCE CO. OF PHILADELPHIA. 277
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $936.49; bonds, $7,486.16; collateral loans,
$70.88; other assets, $27, .
Rents due and accrued on company's property,
Market value of real estate over book value, .
All other,
Gross assets, ......
Assets not admitted.
Special deposits less $4,166.31 liability thereon,
Book value of stocks and bonds over market value,
Deposit with Phila. Underwriters' Association, .
Total unadmitted assets,
Total admitted assets, ....
$16,503 69
9,796 47
100 00
Liabilities.
Unpaid losses, $42,282.10; less reinsurance, $7,778.44.
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid up capital, .....
Surplus over capital and general liabilities,
$407,075 60
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Perpetual risks in force (not included above),
Marine risks written during 1906, .
In force at end of year, ....
$8,759,927 00
57,673,381 00
$66,433,308 00
17,434,219 00
$48,999,089 00
4,883,941 00
$44,115,148 00
$2,976,727 00
$307,900 00
307,900 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 (5 per cent.),
Company's stock owned by directors,
$8,520 53
375 67
11,986 00
396 26
$841,060 75
26,400 16
$814,660 59
$34,503 66
305,678 64
67,402 69
$407,584 99
200,000 00
207,075 60
$814,660 59
Premiums.
$109,135 43
688,440 23
$797,575 66
203,579 40
$593,996 26
53,022 86
$540,973 40
$74,200 07
$7,063 88
7,063 88
,716,025 00
547,835 00
157,842 00
502,200 00
10,000 00
144,350 00
278 THE JEFFERSON FIRE INSURANCE CO. OF PHILADELPHIA.
Schedule A. Securities held as Collateral.
Company's
Market Value.
Citizens' Street Railway Co. (Indianapolis, Ind.) 5s, . . $5,300 00
Equitable Illuminating Gas Light Co. 5s, . . . . 3,240 00
Electric and People's Traction Co. (Phila.) 4s, . . . 14,850 00
Baltimore Traction Co. 5s, 3,345 00
Gulf and Ship Island 5s, . 2,020 00
20 shares Finance Co. of Pennsylvania, 2d preferred, . . 2,100 00
Loaned
Thereon.
$25,000 00
$30,855 00 $25,000 00
Schedule B. Stocks and Bonds owned by the Company.
Miscellaneous Stocks.
5 shares Underwriters' Salvage Co., Chicago, 111.,
County and Municipal Bonds.
Allegheny, Pa., 31s, 1910,
Allegheny Co., Pa., 4s, 1936,
Atlanta, Ga., 41s, 1922, .
Augusta, Ga., 4s, 1935,
Beaver County, Pa., 4s, 1915,
Boston, Mass., 4s, 1921, .
Camden, N. J., 4s, 1936, .
New York, N. Y., 31s, 1954,
New York, N. Y., 4s, 1955,
New York, N. Y., 4s, 1956,
Norfolk, Va., 5s, 1912,
Philadelphia, Pa., 31s, 1934,
Richmond, Va., 4s, 1940, .
Washington, Pa., 4s, 1909,
Washington, Pa., 4s, 1910,
Railroad Bonds.
Atch., Topeka & Santa F6 adjustment 4s, 1995,
Atlantic Coast Line collateral 4s, 1952,
Bangor & Aroostook equipment 5s, 1911, .
Chesa. & O. 2d cons. mort. (R. & A. Div.) 4s, 1989
Cin., N. Orleans & Tex. Pacific equip. 41s, 1911,
Citizens' Traction Co. 5s, 1935, .
Connecticut Railway & Lighting Co. 41s, 1951,
Erie (Penn. col.) 4s, 1951,
Fort Worth, Denver City, 5s, 1910, .
Indiana, Columbus & Eastern Trac. Co. 5s, 1926,
Indianapolis Traction & Terminal 5s, 1933,
Iron Mountain Car trust 5s, 1914,
Kansas City Southern 41s, 1912,
Lehigh Valley 1st mortgage 41s, 1940,
Lehigh Valley collateral trust 4s, 1913,
Lehigh Valley Transit Co. 5s, 1935, .
Lehigh & Hudson River equip, trust 41s, 1909,
Market Street Elevated 4s, 1955,
Norfolk & Western equipment trust 4s, 1912,
Norfolk & Western 4s, 1944,
Pennsylvania collateral trust 41s, 1913,
Pennsylvania Co. 41s, 1921,
Read. & Phila. & Reading & Iron Co. 4s, 1997,
Reading Co. (Jersey Central) 4s, 1951,
Southern Indiana 4s, 1951,
Southern Car trust 41s, 1911,
St. Louis Transit Co. 5s, 1924, .
Toledo, St. Louis & Western Car trust 41s, 1914,
United Railways Co. of St. Louis 4s, 1934, .
Wabash 41s, 1908,
Miscellaneous Bonds.
Buffalo, N. Y., Gas Co. 5s, 1947,
Kansas City Gas Co. 5s, 1922, .
Lehigh Coal & Navigation Co. 41s, 1924,
Penn Mary Coal Co. 5s, 1907, .
Potomac Electric Power Co. 5s, 1936,
Railway Steel Springs Co. 5s, 1921,
Book Value.
$500 00
5,913 75
10,475 00
5,368 75
5,281 25
10,158 00
15,337 50
10,725 00
25,056 25
10,275 00
20,437 50
3,108 75
35,725
7,350
5,069
5,079
00
00
33
84
9,700 00
9,562 50
10,000 00
9,762 50
9,762 00
10,000 00
9,992 26
9,725 00
10,000 00
9,650 00
14,662 50
15,474 50
9,890 00
15,600 00
10,000 00
10,100 00
4,975 00
10,100 00
9,804 00
29,125 00
10,189 00
10,725 00
9,937 50
9,756 25
14,392 21
20,225 00
4,812 50
9,674 00
4,387 50
4,953 00
3,710 00
5,102 78
5,137 50
9,975 00
9,900 00
9,625 00
Rate.
100
98f
102f
1061
1021
1001
102|
1031
91|
1021
1021
1031
lOlf
101f
100
100
91f
881
100
951
98
98
102
89f
100
96
97
100
97f
1081
99
100
99
99
95|
96
102
1051
99
951
92
981
941
97
85
991
622
98
1041
100
98
97
Market Value.
$500 00
5,925 00
10,262 50
5,325 00
5,125 00
10,050 00
15,412 50
10,350 00
22,843 75
10,212 50
20,425 00
3,097 50
35,612 50
7,122 50
5,000 00
5,000 00
9,175 00
8,850 00
-10,000 00
9,550 00
9,800 00
9,800 00
10,200 00
8,975 00
10,000 00
9,600 00
14,550 00
15,000 00
9,775 00
16,275 00
9,900 00
10,000 00
4,950 00
9,900 00
9,562 50
28,800 00
10,200 00
10,550 00
9,900 00
9,550 00
13,800 00
19,650 00
4,712 50
9,700 00
4,250 00
4,975 00
3,137 50
4,900 00
5,225 00
10,000 00
9,800 00
9,700 00
LUMBER INSURANCE CO. OF NEW YORK. 279
Book Value. Rate. Market Value.
Syracuse, N. Y., Gas Co. 5s, 1946, . . . $5,193 75 102 $5,100 00
United States Steel Corporation 5s, 1963, . . 9,962 50 96f 9,675 00
Westchester Lighting Co. 5s, 1950, . . . 5,218 05 10l£ 5,075 00
$566,622 72 $556,826 25
LUMBER INSURANCE COMPANY OF NEW YORK, NEW YORK, N. Y.
Incorporated June 1, 1904. Commenced business June 15, 1904.
Paid-up Capital, $200,000.
G. A. MITCHELL, President. R. H. McKELVEY, Secretary.
Home Office, 66 Broadway.
Income.
Net fire premiums, . $195,003 07
Interest on bonds, $14,579.67; discount on losses paid, $574.14, 15,153 81
Profit on sale of bonds, ' . . 2,320 00
Total income, $212,476 88
Ledger assets, Dec. 31, 1905, 400,453 94
Total, $612,930 82
Disbursements.
Net amount paid for fire losses, ...... $75,958 73
Dividends to stockholders, 30,000 00
Commissions or brokerage, . . . . . . 4,080 81
Salaries, fees, etc., of officers and employees, .... 50,488 19
Taxes and fees, 1,672 87
Loss on sale of bonds, ........ 250 00
All other disbursements, ......... 94
Total disbursements, $162,451 54
Balance, . . " . . . . . . $450,479 28
Ledger Assets.
Bonds (schedule A), . . . . . . $353,562 50
Cash in banks and office, ....... 60,948 73
Agents' balances, 35,968 05
Total ledger assets, ....... $450,479 28
Non-Ledger Assets.
Interest accrued on bonds, ....... 2,000 00
Gross assets, $452,479 28
Assets not admitted.
Agents' balances over three months due, . $222 23
Special deposits less $18,762 . 03 liability thereon, 74,237 97
Book value of bonds over market value, . . 26,593 75
Total unadmitted assets, . . . 101,053 95
Total admitted assets, $351,425 33
Liabilities.
Unpaid losses, including $5,000 resisted, . $17,082 65
Less reinsurance, 536 29 $16,546 36
280
THE LUMBERMEN S MUTUAL INSURANCE CO.
Unearned premiums on outstanding risks,
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$206,800 15
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, . . .- .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$8,867,455 00
20,445,002 00
$29,312,457 00
13,342,712 00
$15,969,745 00
2,460,282 00
$128,078 82
$144,625 18
200,000 00
6,800 15
$351,425 33
Premiums.
$173,964 05
383,272 07
$557,236 12
249,555 06
$307,681 06
52,203 82
$13,509,463 00 $255,477 24
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 (15 per cent.),
Company's stock owned by directors,
Schedule A. Bonds owned by the Company
State and Municipal Bonds
New York, N. Y., 3£s, 1953,
New York, N. Y., 3£s, 1929,
New York, N. Y., 3£s, 1954,
New York, N. Y., 4s, 1955,
Ontario 3£s, 1936, .
Miscellaneous Bonds.
Ontario Power Co. 5s, 1943,
Book Value.
$51,812 50
50,937 50
101,312 50
25,437 50
100,062 50
24,000 00
$353,562 50
Rate.
91*
94|
91|
102*
93
97
$567,348 00
165,555 00
82,674 00
30,000 00
30,000 00
140,700 00
Market Value.
$45,750 00
47,062 50
91,375 00
25,531 25
93,000 00
24,250 00
$326,968 75
THE LUMBERMEN'S MUTUAL INSURANCE COMPANY OF MANS-
FIELD, OHIO, MANSFIELD, OHIO.
Incorporated 1895. Commenced business Oct. 10, 1895.
E. S. NAIL, President. . W. H. G. KEGG, Secretary.
Home Office, Lumbermen's Heights.
Income.
Net premiums, .........
Interest on mortgage loans, $1,332.14; collaterals, $120; stocks
and bonds, $3,781.86; all other, $2,166.13, .
Profit on sale of bonds, ........
$217,116 80
7,400 13
498 73
Total income, .
Ledger assets, Dec. 31, 1905, .
Total, . . . .
$225,015 66
234,804 48
$459,820 14
THE LUMBERMEN S MUTUAL INSURANCE CO.
281
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, $46.41; other taxes and fees, $2,346.99
Traveling and adjusting,
Advertising and postage,
Printing, stationery, telephone and telegraph,
All other disbursements,
Total disbursements,
Balance,
Ledger Assets.
Real estate, $19,000; mortgages, $20,265.94, .
Loans secured by collateral (50 shares Robt. H. Jenks Lum. Co.),
Stocks and bonds (schedule A),
Cash in banks and office, .......
Agents' balances, .........
Total ledger assets, . . . ....
Non-Ledger Assets
Interest accrued : —
On mortgages, $302 . 76 ; bonds,
$30; other assets, $484.33,
Market value of real estate over book value,
, 1 08 . 54 ; collateral loan s ,
Gross assets, ......
Assets not admitted.
Book value of stocks and bonds over market value,
Total admitted assets, ....
Liabilities.
Unpaid losses, ......
Unearned premiums on outstanding risks,
All liabilities, except surplus, .
Surplus, .......
Total liabilities,
Risks outst'ding Dec. 31, 1905,
Risks written during 1906,
Risks and Premiums.
Amount.
$6,627,137 00
8,824,101 00
Total, . . . .
Risks expired and terminated,
In force at end of year, .
$15,451,238 00
7,175,693 00
Cash Prem's.
$179,632 23
231,797 59
$411,429 82
196,179 57
$56,945 42
69,641 90
11,229 69
18,310 84
60 00
6,846 66
2,393 40
5,484 55
2,053 56
718 49
3,038 14
$176,722 65
$283,097 49
$39,265 94
2,000 00
178,335 31
47,420 34
16,075 90
$283,097 49
2,925 63
6,800 00
$292,823 12
2,712 43
$290,110 69
$7,200 00
107,625 12
$114,825 12
175,285 57
$290,110 69
Conting't Prem's.
$538,896 69
693,365 55
$1,232,262 24
586,511 49
5,275,545 00 $215,250 25 $645,750 75
282
MANUFACTURERS MUTUAL FIRE INSURANCE CO.
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1906, 35 per cent.
$64,145 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
240 shares Little Miami, .
Bank Stocks.
75 shares Farmers' National, Mansfield, O.,
75 " Farmers' Savings & Tr., Mansfield, O.,
Municipal Bonds.
Ashtabula, O., 4£s, 1910-23,
Canton, O., 4s, 1926,
Canton, O., 4s, 1926,
Cincinnati, O., 4s, 1946, op. 1926,
Cleveland, O., 4s, 1923, .
Cleveland, O., 4s, 1919, .
Cleveland, O., 4s, 1926, .
Fremont, O., 4Js, 1910-11,
Ironton, O., 4s, 1926,
Kenton, O., 4s, 1915,
Marion, O., 4£s, 1921-26, .
Oberlin, O., 5s, 1915,
Ottawa, O., 5s, 1911-16, .
Paulding County, O., 5s, 1910-11,
Richland County, O., 4£s, 1910-14,
Shelby, O., 5s, 1908,
Upper Sandusky, O., 4^s, 1912,
Book Value.
$27,540 00
375 00
5,625 00
$178,335 31
Rate.
228
140
10,508 00
105
11,261 25
101f
1,023 75
lOlf
15,543 75
104£
9,569 97
lOlf
1,063 33
101f
8,230 00
102£
8,123 60
102
5,320 00
102f
7,168 00
100f
14,146 60
108i
18,662 60
107£
4,081 96
106i
17,892 50
103i
5,230 00
103i
670 00
100
6,300 00
103
Market Value.
$27,360 00
5,250 00
10,500 00
11,151 25
1,013 75
15,675 00
9,157 50
1,013 75
8,170 00
8,160 00
5,131 25
7,043 75
14,072 50
18,275 00
4,090 63
17,552 25
5,156 25
670 00
6,180 00
$175,622 88
MANUFACTURERS' MUTUAL FIRE INSURANCE COMPANY OF
RHODE ISLAND, PROVIDENCE, R. I.
Incorporated 1835. Commenced business Dec. 1, 1835.
JOHN R. FREEMAN, President. THEODORE P. BOGERT, Secretary.
Office, 10 Weybosset Street.
Income.
Net premiums, $580,051 25
Interest on stocks and bonds, $27,220.50; all other, $1,376.50, . 28,597 00
Total income, .....
Ledger assets, Dec. 31, 1905, ....
Total, .
Disbursements.
Net amount paid for losses, ....
Profits on terminated policies,
Salaries, fees, etc., of officers and employees,
Rents, .......
Taxes and fees, . . .
Inspections, . . . . . . . .
Reduction in book value of securities,
All other disbursements, ....
Total disbursements, . ...
Balance, ......
$608,648 25
572,098 56
1,180,746 81
$27,355 86
476,125 57
10,266 61
926 52
10,139 16
9,472 14
3,500 00
1,421 15
$539,207 01
$641,539 80
manufacturers' mutual FIRE INSURANCE CO. 283
Ledger Assets.
Stocks and bonds (schedule A), . . . . $582,685 71
Cash in banks and office, ....... 49,083 79
Premiums in course of collection, ...... 9,770 30
Total ledger assets, $641,539 80
Non-Ledger Assets.
Interest due on bonds, ... . . . . , . 966 66
Market value of stocks and bonds over book value, . . . 167,139 54
Gross assets, . . $809,646 00
Liabilities.
Unpaid losses, . . . $1,160 74
Unearned premiums on outstanding risks, .... 287,638 73
Taxes accrued, . . . . . . . . 10,256 86
All liabilities, except surplus, ...... $299,056 33
Surplus, 510,589 67
Total liabilities, . . $809,646 00
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outs'ding Dec. 31, 1905, $63,135,996 00 $503,664 55 $2,518,322 75
Risks written during 1906, . 76,925,373 00 604,077 50 3,020,387 50
Total, . . . . $140,061,369 00 $1,107,742 05 $5,538,710 25
Risks expired and terminated, 67,080,133 00 532,464 60 2,662,323 00
In force at end of year, . . $72,981,236 00 $575,277 45 $2,876,387 25
Miscellaneous.
Losses incurred during the year, ...... $22,466 00
Profits or surplus returned during 1906, 93.64 per cent.
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value. Rate. Market Value.
100 shares Boston & Providence, . . . $25,300 00 298 $29,800 00
110 " Chicago, Burlington & Quincy, . 13,362 50 202 22,220 00
150 " Chic, Mil. & St. Paul, preferred, . 26,643 75 162| 24,412 50
134 " Chicago, Mil. & St. Paul, common, . 20,486 75 148$ 19,949 25
142 " C, Mil. & St. P., pref., 1st install, pd., 1,420 00 100 1,420 00
71 " C., Mil. & St. P., com., 1st install, pd., 710 00 100 710 00
284 rights Chicago, Milwaukee & St. Paul,
276 shares Chicago & Northwestern,
400 " Cleve., Cin., Chic. & St. Lo., pref.,
301 " Great Northern, preferred,
301 " Great Northern, iron ore properties
300 " Illinois Central,
200 " Manhattan, ....
100 " Minn., St. Paul & S. Ste. Marie, pref.,
110 " New York, New Haven & Hartford,
350 " Northern Pacific, .
8 " Northern Securities Co., .
60 " Old Colony,
1,400 " Pennsylvania, . .
150 " Providence & Worcester,
100 " Rome, Watertown & Ogdensburg,
200 " Southern, preferred,
300 " Union Pacific, preferred,
33£ 9,514 00
40,535 63 198| 54,717 00
9,925 00 110 11,000 00
30,100 00 181 54,481 00
3,893 79 79 23,779 00
39,576 95 165£ 49,650 00
29,125 00 142$ 28,550 00
16,012 50 168 16,800 00
20,550 67 190£ 20,955 00
26,646 26 185* 64,837 50
393 61 165 1,320 00
10,797 87 198 11,880 00
84,173 61 138f 96,862 50
32,500 00 288 43,200 00
11,812 50 127^ 12,750 00
19,962 50 94 18,800 00
26,189 07 94 28,200 00
284
THE MECHANICS' INSURANCE CO.
Bank Stocks.
100 shares N'l B'k of Commerce, Prov., R. I.,
Miscellaneous Stocks.
200 shares Ajnerican Telephone & Tel. Co., .
Government Bonds.
United States 4s, 1925, . .
State Bonds.
Rhode Island 3£s, 1934, ....
Railroad Bonds.
N. Y., N. H. & Hartford convertible 3£s, 1956,
Book Value.
Rate.
Market Value.
$3,600 00
130
$6,500 00
24,967 75
133*
26,700 00
10,000 00
129f
12,962 50
50,000 00
106f
53,375 00
4,000 00
112
4,480 00
$582,685 71
$749,825 25
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, ....
Deposit premiums on perpetual risks,
Interest on mortgage loans, $11,885.88; collaterals, $4,271.51
stocks and bonds, $25,813.20; deposits, $711.50,
Rents, including company's own occupancy,
Profit on maturity of bonds, ....
Transfers, .......
Total income, .....
Ledger assets, Dec. 31, 1905, ....
Total, .
Disbursements.
Net amount paid for fire losses,
Deposit premiums returned, .
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, $1,069.90; other taxes and fees, $11,713.20,
Office and agency expenses, .
All other disbursements,
Total disbursements,
Balance, .....
Ledger Assets.
Real estate, $82,988.79; mortgages, $259,085,
Loans secured by collateral (schedule A),
Stocks and bonds (schedule B),
Cash in banks and office,
Agents' balances, .....
Perpetual reinsurance deposits,
Total ledger assets, . . .
$359,231 05
26,064 83
42,682 09
5,115 00
274 00
406 50
$433,773 47
1,048,950 32
>1, 482,723 79
$151,672 19
11,516 56
25,000 00
106,831 55
15,283 87
3,500 00
828 93
12,783 10
17,061 01
149 42
$344,626 63
$1,138,097 16
$342,073 79
115,000 00
581,089 49
51,455 52
44,538 84
3,939 52
1,138,097 16
THE MECHANICS' INSURANCE CO.
285
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $2,743.30; bonds, $5,647.48; collateral loans,
$937.50; other assets, $210.24,
Rents due on company's property, ......
Market value of stocks and bonds over book value, .
Gross assets, ......
Assets not admitted.
Book value of real estate over market value, .
Perpetual reinsurance deposit with unauthorized
company, .......
Total unadmitted assets,
Total admitted assets, ....
Liabilities.
Unpaid losses, including $650 resisted,
Less reinsurance, .....
Unearned premiums on outstanding risks,
Plus same on disallowed reinsurance,
Reclaimable on perpetual fire policies,
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
Total liabilities, ....
$9,538 52
55 00
22,143 51
,169,834 19
$5,308 79
1,490 86
6,799 65
. $1,163,034 54
$34,921 45
324 95
$305,542 70
26,180 61
$489,658 27
$34,596 50
331,723 31
307,056 46
$673,376 27
250,000 00
239,658 27
1,163,034 54
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1905, . . $48,833,539 00 $551,965 84
Fire risks written during 1906, . . . 39,287,509 00 462,207 01
Total, .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$88,121,048 00 $1,014,172 85
31,139,386 00 369,260 64
$56,981,662 00 $644,912 21
5,396,691 00 67,210 54
$51,584,971 00 $577,701 67
Perpetual risks in force (not included above), . $14,064,002 00 $339,142 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,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, .
$5,621,720 00
3,066,487 00
157,426 00
685,660 00
25,000 00
52,975 00
286
THE MECHANICS INSURANCE CO.
Schedule A. Securities held as Collateral.
Company's
Market Value.
$23,712 00
20,000 00
8,690 00
11,200 00
10,200 00
6,850 00
8,900 00
6,265 00
15,000 00
29,500 00
76 shares Philadelphia National Bank, .
Cherokee Construction Co. notes,
11 shares Girard Trust Co., .
1,400 " Philadelphia Electric Co.,
100 " Lehigh Coal & Navigation Co.,
100 " Philadelphia & Erie,
United Railway Investment Co. 5s, 1926, .
Imperial Japanese 4*s, ....
100 shares American Smelting & Refining Co.,
500 " Union Traction Co.,
Loaned
Thereon.
$65,000 00
25,000 00
25,000 00
$140,317 00 $115,000 00
Schedule B. Stocks and Bonds owned by the Company.
Railroad Stocks.
200 shares Fairmount P'k and Hadding. Pass.,
500 " Philadelphia Traction Co.,
20 " Second and Third Sts. Passenger,
30 " Thirteenth and Fifteenth Sts. Pass.,
100 " Union Passenger, .
1,000 " Union Traction Co.,
Government Bonds.
United States 4s, 1925, ....
Municipal Bonds.
Clifton Heights, Pa., 5s, 1918, .
Philadelphia, Pa., 3*s, 1918,
Philadelphia, Pa., 3^s, 1931,
Philadelphia, Pa., 3*s, 1932,
Philadelphia, Pa., 3*s, 1925,
Railroad Bonds.
Allegheny Valley 7s, 1910,
Altoona & Logan Valley Electric 4}s, 1933,
Camden & Suburban 5s, 1946, .
Chesapeake & Ohio 4s, 1910,
Chesapeake & Ohio 4s, 1915,
Consolidated Traction Co. of New Jersey 5s, 1933
Lake Shore & Michigan Southern 4s, 1928,
Lehigh Valley 4*s, 1923, .
Lehigh Valley Coal Co. 5s, 1933,
Market Street Elevated 4s, 1955,
Northern Pacific Terminal 6s, 1933,
North Pennsylvania 4s, 1936,
Pennsylvania Company 3*s, 1916,
Pennsylvania Steel Rolling Stock 3*s, 1910,
Philadelphia & Erie 4s, 1920, .
Philadelphia, Wilmington & Baltimore 4s, 1917,
Pitts., Cin., Chicago & St. Louis 4*s, 1942,
Schuylkill River East Side 4s, 1925, .
Second Avenue, N. Y., 5s, 1948,
Second Avenue Traction Co., Pittsburgh, 5s, 1934,
Suburban Rapid Transit Co., Pittsburgh, 6s, 1913,
Terminal Association of St. Louis 5s, 1944,
Toledo Electric Street Passenger 5s, 1912, .
Union Passenger 5s, 1911,
Wabash & Pittsburgh Terminal 4s, 1954, .
Miscellaneous Bonds.
Edison Electric Light 5s, 1946, .
Philadelphia Co. 5s, 1949, .
Book Value.
$12,025 01
41,187 50
3,982 50
5,883 75
18,337 50
47,575 00
6,181 25
3,000 00
21,063 00
607 50
2,435 00
10,147 00
6,487 50
19,650 00
16,014 58
9,690 00
9,319 50
8,435 00
10,000 00
9,825 00
10,000 00
50,500 00
10,825 00
13,255 00
14,700 00
9,742 40
28,000 00
2,180 00
11,025 00
30,900 00
18,000 00
10,000 00
15,505 00
10,000 00
10,000 00
21,000 00
9,275 00
22,191 25
22,144 25
$581,089 49
Rate.
144
183
588
580
466
116
129f
107*
100|
101f
101|
lOlf
108*
98
11-0
97*
105*
98
106
110*
99
115
102
95*
96*
1011
100
109*
102f
105
110
100
117*
99
102
80
105f
107
Market Value.
$14,400 00
45,750 00
5,880 00
8,700 00
23,300 00
58,000 00
6,481 25
3,225 00
20,175 00
609 75
2,442 00
10,137 50
5,425 00
19,600 00
16,500 00
9,725 00
9,350 00
10,550 00
9,800 00
10,600 00
11,050 00
49,500 00
11,500 00
11,220 00
14,325 00
9,650
28,350
2,000
10,950 00
30,712 50
15,750 00
11,000 00
14,000 00
11,725 00
9,900 00
20,400 00
8,000 00
21,150 00
21,400 00
$603,233 00
00-
00
00
mechanics' mutual fire INSURANCE CO. 287
MECHANICS' MUTUAL FIRE INSURANCE COMPANY,
PROVIDENCE, R. I.
Incorporated 1871. Commenced business 1871.
JOHN R. FREEMAN, President. THEODORE P. BOGERT, Secretary.
Home Office, 10 Weybosset Street.
Income.
Net premiums, ........
Interest on stocks and bonds, $17,670; all other, $1,063.12,
Total income, .......
Ledger assets, Dec. 31, 1905, ......
Total,
Disbursements.
Net amount paid for losses, ......
Profits on terminated policies, . . . . •
Salaries, fees, etc., of officers and employees,
Rents, .........
Taxes and fees, ........
Inspections, .........
Reduction in book value of stocks and bonds, .
All other disbursements, ......
Total disbursements, ......
Balance, . . . .
Ledger Assets.
Stocks and bonds (schedule A), . - .
Cash in banks, ........
Premiums in course of collection, .....
Total ledger assets, ......
Non-Ledger Assets.
Interest due on bonds, .......
Market value of stocks and bonds over book value, .
Gross assets, ........
Liabilities.
Unpaid losses, ........
Unearned premiums on outstanding risks,
Taxes accrued, ........
All liabilities, except surplus, . .
Surplus, .........
Total liabilities, .......
$392,306 87
18,733
12
$411,039 99
365,235
30
$776,275 29
$16,984 65
311,194
96
6,715
96
599
52
6,964
66
6,381
47
6,175
00
1,009
61
$356,025
S3
$420,249 46
$378,888 48
34,610
33
6,750
65
$420,249 46
1,512
50
88,845
27
$510,607
23
$757 47
194,638
65
7,051
41
$202,447
53
308,159
70
$510,607
23
288
MECHANICS AND TRADERS INSURANCE CO.
Risks and Premiums.
Amount. Cash Prem's. Conting't Preni's.
Risks outs'ding Dec. 31, 1905, $42,722,670 00 $342,856 04 $1,714,280 20
Risks written during 1906, . 51,696,081 00 408,338 28 2,041,691 40
Total, .
Risks expired and terminated,
In force at end of year, .
$94,418,751 00
45,385,964 00
$751,194 32
361,917 02
'>3,755,971 60
1,809,585 10
$49,032,787 00 $389,277 30 $1,946,386 50
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1906, 90 per cent.
$14,521 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
200 shares Atchison, Topeka & Santa F6, pref.,
110 " Chicago, Burlington & Quincy, .
50 " Ch., Mil. & St. P., pref, 1st instal. pd.
100 " Chic, Milwaukee & St. P., common,
25 " Ch., Mil. & St. P., com., 1st instal. pd.
100 rights Chicago, Milwaukee & St. Paul, .
100 shares Cleve., Cin., Chic. & St. L., pref.,
180 " Great Northern, preferred,
180 " Gr. Nor., iron ore properties,
200 " Manhattan, ....
100 " Minn., St. P. & St. Ste Marie, pref.,
100 " New York, Lackawanna & Western,
200 " Northern Pacific,
5 " Northern Securities Co.,
800 " Pennsylvania, ....
100 " Rome, Watertown & Ogdensburg,
200 " Southern, preferred,
300 " Union Pacific, preferred, .
Bank Stocks.
83 shares Nat. Bk. of Com., Providence, R. I.,
Miscellaneous Stocks.
200 shares American Tel. & Tel. Co., .
100 " Trovidence Gas Co.,
Bonds.
United States 4s, 1925, ....
Rhode Island 3^s, 1934, ....
American Tel. & Tel. 4s, 1929, .
Book Value.
$20,606 87
13,362 50
500 00
17,112 50
250 00
10,000 00
18,000 00
4,421 13
29,100 00
16,012 50
10,000 00
16,034 15
383 76
40,000 00
10,000 00
19,775 00
26,089 07
3,315 00
24,725 00
10,076 00
15,000 00
50,000 00
24,125 00
8378,888 48
Rate.
99
202
100
1481
100
33£
110
181
79
1421
168
127f
185i
165
138f
127*
94
94
130
133*
209
1293
106f
90
Market Value.
$19,800 00
22,220 00
500 00
14,887 50
250 00
3,350 00
11,000 00
32,580 00
14,220 00
28,550 00
16,800 00
12,737 50
37,050 00
825 00
55,350 00
12,750 00
18,800 00
28,200 00
5,395 00
26,700 00
10,450 00
19,443 75
53,375 00
22,500 00
$467,733 75
MECHANICS' AND TRADERS' INSURANCE COMPANY,
NEW ORLEANS, LA.
Incorporated Oct. 15, 1869. Commenced business Nov. 1, 1869.
Paid-up Capital, S300.000.
JAMES NICHOLS, President. R. L. EMERY, Secretary.
Home Office, 144 Carondelet Street.
Income.
Net fire premiums, $430,981 .27; marine, $5,437. 12, . . $436,418 39
Interest on stocks and bonds, $25,468.10; deposits, $486.83, . 25,954 93
Rents, including company's own occupancy, .... 1,933 33
Profit on maturity of bonds, ....... 9 65
Profit and loss, . . . . ■ . . . 661 23
Total income,
$464,977 53
mechanics' and traders' INSURANCE CO.
289
Ledger assets, Dec. 31, 1905, ......
Total,
Disbursements.
Net amount paid for fire losses, $183,323 . 61 ; marine, $4,101 . 48,
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, $784; other taxes and fees, $13,251 . 17,
Adjustment expenses, .....
Advertising and subscription,
Stationery, etc., ......
Maps and furniture, .....
Postage, express, telegrams and exchange,
Legal expenses, ......
Traveling expenses and field work, .
Underwriters' boards, .....
All other disbursements, ....
Total disbursements, ....
Balance, . . « . .
Ledger Assets.
Real estate, .
Stocks and bonds (schedule A),
Cash in banks,
Agents' balances, .
Bills receivable,
Total ledger assets, .......
Non-Ledger Assets.
Market value of real estate over book value, ....
Gross assets, .........
Assets not admitted.
Book value of stocks and bonds over market value, .
Total admitted assets, .......
Liabilities.
Unpaid losses, including $1,960 resisted, $43,704.52; less reinsur-
ance, $21,159.55,
Unearned premiums on outstanding risks, . $274,464 06
Plus same on disallowed reinsurance, . . 5,369 32
All liabilities, except capital and surplus,
Surplus to policy holders, ' .
Paid-up capital, .....
Surplus over capital and general liabilities,
Total liabilities, ....
$500,464 95
$709,713 13
1,174,690 66
$187,425 09
88,787 92
26,975 04
300 00
1,517 37
14,035 17
2,414 73
907 19
2,237 50
230 11
1,862 14
1,204 96
3,045 45
2,750 63
1,789 11
$335,482 41
$839,208 25
$22,000 00
738,691 70
48,672 01
28,177 57
1,666 97
$839,208 25
1,500 00
$840,708 25
37,864 95
$802,843 30
$22,544 97
279,833 38
$302,378 35
300,000 00
200,464 95
$802,843 30
290
MERCANTILE MUTUAL FIRE INSURANCE CO.
Risks and Premiums.
Premiums.
Fire risks outstanding, Dec. 31, 1905,
. $44,609,125 00
$577,324 82
Fire risks written during 1906,
. 47,268,016
00
652,223 24
Total, . . .
. $91,877,141
00 $1,229,548 06
Risks expired and terminated,
. 38,300,196 00
. $53,576,945 00
546,504 98
In force at end of year, .
$683,043 08
Amount reinsured,
. 11,353,427 00
. $42,223,518 00
155,939 65
Net amount in force,
$527,103 43
Marine risks written during 1906, .
. $2,134,444 00
$10,408 47
Risks expired and terminated,
2,134,444 00
10,408 47
Miscellaneous.
Premiums received from organization of company, .
. $9,530,213 00
Losses paid from organization of company,
5,166,308 00
Fire losses incurred during the year,
197,013 00
Inland marine losses incurred during the year
>
1,475 00
Cash dividends declared from organization of
company
1,178,337 00
Company's stock owned by directors,
151,100 00
Schedule A. Stocks and Bonds owned by the
Company.
Bank Stocks.
Book Value.
Rate.
Market Value .
12 shares Canal-La., B. & T. Co., N. Orleans, La.,
$1,430
00
195
$2,340 00
200 " Com.-Ger. T. & Sav., N. Orleans, La., .
84,000
00
420
84,000 00
6 " Hibernia Bk. & T. Co., N. Orleans, La.,
1,499
70
565
3,390 00
50 " Metropolitan, New Orleans, La.,
10,803
75
210
10,500 00
Miscellaneous Stocks.
30 shares Nat. Acid Co., New Orleans, La., . "
3,900
00
130
3,900 00
50 " St. Cot. Seed Oil Co., N. Orleans, La.,
3,750
00
20
500 00
200 " St. Guano & CM Co., N. Orleans, La.,
40,000
00
140
28,000 00
State and Municipal Bonds.
Atehfalaya District Levee 5s, 1949, opt. '39,
38,725
00
106$
37,275 00
Fifth District Levee 5s, 1950-54, opt. '40 and '44,
32,350
00
105*
31,762 50
Lafourche Basin Levee 5s, 1954, opt. '44, .
26,875
00
107
26,750 00
Louisiana 4s, 1914, .
1 50,903
75
100$
145,725 00
New Orleans, La., 4s, 1942, opt. '26, .
55,411
25
100$
52,260 00
New Orleans, La., 5s, .... .
7,868
25
233i
9,096 75
New Orleans, La., 4s, 1950, opt. '40, .
242,165
00
lOOf
226,687 50
Red R. At. & Bay. Bo. Dist. Levees 5s, 1953, opt. '50,
32,950
00
107
32,100 00
Railroad Bonds.
New Orleans City & Lake 5s, 1943,
6,060
00
109
6,540 00
$738,691
70
$700,826 75
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, ......... $228,349 02
Interest on collaterals, $211.26; stocks and bonds, $11,807.81;
allother, $1,567.91, . 13,586 98
Profit on sale of stocks, ........ 18,866 00
Total income,
$260,802 00
MERCANTILE MUTUAL FIRE INSURANCE CO.
291
Ledger assets, Dec. 31, 1905, ....
Total,
Disbursements.
Net amount paid for losses, ....
Profits on terminated policies,
Salaries, fees, etc., of officers and employees,
Rents, .......
Taxes and fees, ......
Travel and inspection, .....
All other disbursements, ....
Total disbursements, ....
Balance, ......
Ledger Assets.
Loans secured by collateral (schedule A),
Stocks and bonds (schedule B),
Cash in bank, ......
Premiums in course of collection,
Total ledger assets, ....
Non-Ledger Assets.
Interest due: —
On collateral loans, $126.67; other assets, $10.20,
Market value of stocks and bonds over book value,
Gross assets, ......
Liabilities.
Unpaid losses, ......
Unearned premiums on outstanding risks,
Taxes accrued, ......
All liabilities, except surplus, .
Surplus, .......
Total liabilities, .....
Risks and Premiums.
Amount.
Risks outs'ding Dec. 31, 1905, $23,411,782 00
Risks written during 1906, . 26,882,365 00
Cash Prem's.
$217,114 93
245,343 58
Total, . . .• ' ■■ $50,294,147 00
Risks expired and terminated, 25,396,466 00
$462,458 51
233,746 76
$190,923 41
$451,725 41
$25,832 62
185,349 01
15,016 70
1,350 00
4,507 09
3,844 84
2,896 10
$238,796 36
$212,929 05
$3,800 00
138,786 25
65,871 84
4,470 96
$212,929 05
136 87
29,108 75
$242,174 67
$8,404 57
114,355 87
4,574 23
$127,334 67
114,840 00
$242,174 67
Conting't Prem's.
SI, 085,574 65
1,226,717 90
$2,312,292 55
1,168,733 80
In force at end of year,
. $24,897,681 00 $228,711 75 $1,143,558 75
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1906, 85.08 per cent.
$32,558 00
292
MERCHANTS MUTUAL FIRE INSURANCE CO.
Schedule A. Securities held as Collateral.
30 shares National Bank of Commerce,
13 " American Screw Co., .
5 " American Tel. & Tel. Co., .
Schedule B. Stocks and Bonds
Railroad Stocks.
120 shares Boston & Maine,
100 " Chic. & East. Illinois, preferred,
100 " Union Pacific, preferred, .
Miscellaneous Stocks.
100 shares American Express^ Co.,
100 '
100
150
100
American Tel. & Tel. Co., .
Cumberland Tel. & Tel. Co.,
Rhode Island Investment Co., .
Wells, Fargo Co., . .
Bonds.
Japanese 4£s, 1925, .....
United States reg. 3s, 1918,
Clyde S.S. Co. 5s, 1931, ....
N. Y. Gas, Elec. L., H. & Power Co. 5s, 1948,
Company's
Market Value.
Loaned
Thereon.
. $1,800 00 I
2,275 00 f
680 00 J
$3,800 00
$4,755 00
$3,800 00
5 OWNED BY THE
COMP.
INY,
Book Value.
Rate.
Market Value.
$22,825 00
13,300 00
8,425 00
161
125
94
$19,320 00
12,500 00
9,400 00
11,075 00
12,200 00
11,623 75
15,250 00
13,025 00
240
133^
115
122
298
24,000 00
13,350 00
11,500 00
18,300 00
29,800 00
4,575 00
10,987 50
10,000 00
5,500 00
90
ioi|
99
103
4,500 00
10,175 00
9,900 00
5,150 00
$138,786 25
$167,895 00
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 O/Jice, 10 Weybosset Street.
Income.
Net premiums, $357,973 42
Interest on stocks and bonds, $15,071.74; deposits, $2,626.59, . 17,698 33
Profit on sale of stock, ........ 3,337 50
Dividend Lime Rock National Bank in liquidation, . . . 250 00
Total income, $379,259 25
Ledger assets, Dec. 31, 1905, 376,303 30
Total, . $755,562 55
Disbursements.
Net amount paid for losses, ....... $15,304 44
Profits on terminated policies, ...... 294,684 00
Salaries, fees, etc., of officers and employees, .... 6,423 54
Rents, 879 96
Taxes and fees, . . . . . . . . 6,3.28 61
Reduction in book value of securities, ..... 4,540 79
Inspections, . . 5,202 48
All other disbursements, . . . . . . . 1,310 40
Total disbursements, $334,674 22
Balance, $420,888 33
MERCHANTS MUTUAL FIRE INSURANCE CO.
203
Ledger Assets.
Stocks and bonds (schedule A),
Cash in banks, .......
Premiums in course of collection, ....
Total ledger assets, .....
Non-Ledger Assets.
Interest accrued on bonds, .....
Market value of stocks and bonds over book value, .
Gross assets, .......
Liabilities.
Unpaid losses, . . . .
Unearned premiums on outstanding risks,
Taxes, ........
All liabilities, except surplus, ....
Surplus, ........
Total liabilities, ......
$365,913 00
49,352 48
5,622 85
$420,888 33
1,158 34
57,700 81
$479,747 48
$522 84
177,818 88
6,079 34
$184,421 06
295,326 42
$479,747 48
Risks and Premiums.
Amount.
Risks out'sding Dec. 31, 1905, $38,537,267 00
Risks written during 1906, . 47,063,988 00
Cash Prem's. Conting't Prem's.
$311,471 73 $1,557,358 65
372,462 38 1,862,311 90
Total, . . . .
Risks expired and terminated,
In force at end of year, .
$85,601,255 00
40,942,478 00
5683,934 11 $3,419,670 55
328,296 34 1,641,481 70
$44,658,777 00 $355,637 77 $1,778,188 85
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1906, 93.96 per cent.
$13,695 00
Schedule A. Stocks and Bonds owned by the Company.
50 shares
50
a
25
tt
100
a
100
rights
162 shares
150
it
150
(i
240
tt
100
it
100
tt
200
it
200
it
100
tt
471
it
50
tt
85
it
50
tt
100
tt
50
it
50
tt
100 shares
50
it
82
tt
Railroad Stocks. Book Value.
Albany & Susquehanna, . . . $12,150 00
Ch., Mil. & St. P., pref., 1st instal. pd., 500 00
Ch., Mil. & St. P., com., 1st instal. pd., 250 00
Chic, Mil. & St. Paul, common, 17,000 00
Chicago, Milwaukee & St. Paul, . . -
Chicago & Northwestern, . . . 16,200 00
Cleve., Cin., Chic. & St. L., pref., . 17,750 00
Hereford, 15,000 00
Illinois Central, .... 24,000 00
Illinois Central leased lines, . . 10,400 00
Mahoning Coal, preferred, . . 5,000 00
Manhattan Elevated, . . . 28,000 00
Morris & Essex, .... 18,600 00
N. Y., Lackawanna & Western, . . 12,900 00
Pennsvlvania, .... 29,673 00
Pittsburg, Bess. & Lake Erie, pref., . 2,500 00
Pittsburg, Ft. Wayne & Chicago, ' . 14.620 00
Rensselaer & Saratoga, . . . 9,900 00
Rome, Watertown & Ogdensburg, . 10,000 00
St. Louis Bridge Co., preferred, . ' . 7,250 00
Upper Coos, . . . . . 7,450 00
Bank Stocks.
Lime Rock Nat.. Providence, R. I., . 250 00
Mechanics Nat., Providence, R. I., .. 2,500 00
Merchants National, Providence, R. I., 4,100 00
Kate.
245
100
100
148|-
333
198§
110
97
165*
103
100
142f
182
127f
138|
145
173
200
1273
140
145
110
160
Market Value.
$12,250 00
500 00
250 00
14,887 50
3,350 00
32,116 50
16,500 00
14,550 00
39,720 00
10,300 00
5,000 00
28,550 00
18,200 00
12,737 50
32,587 31
3,625 00
14,705 00
10,000 00
12,750 00
7,000 00
7,250 00
2,750 00
6,560 00
294
MICHIGAN COMMERCIAL INSURANCE CO.
Miscellaneous Stocks.
100 shares American Tel. & Tel. Co., .
50 " Gold & Stock Telegraph Co.,
Government and State Bonds.
United States 4s, 1925,
Rhode Island 34s, 1924, .
Rhode Island 3s, 1936,
Railroad Bonds.
Chicago, Burlington & Quincy 3^s, 1949,
Long Island guar. ref. 4s, 1949,
Nor. Pac. & Gt. Nor. (C, B. & Q. coll.) 4s, 1921,
United Traction & Electric Co. 5s, 1933, .
Book Value.
$13,800 00
6,250 00
9,000 00
30,000 00
10,000 00
2,000 00
4,950 00
13,920 00
10,000 00
$365,913 00
Rate.
1334
110
129f
104^
97j
92
99
961
1084
Market Value.
$13,350 00
5,500 00
11,666 25
31,462 50
9,762 50
1,840 00
4,950 00
28,093 75
10,850 00
$423,613 81
MICHIGAN COMMERCIAL INSURANCE COMPANY, LANSING, MICH.
Incorporated Dec. 7, 1904. Commenced business Jan. 1, 1905.
Paid-up Capital, $300,000.
FRANK A. HOOKER, President. A. D. BAKER, Secretary.
Home Office, 118 W. Ottawa Street.
Income.
Net fire premiums, ... .....
Interest on mortgage loans, $8,678.90; collaterals, $2.38; bonds,
$8,247.50; all other, $3,805.79, .
Profit on sale of bonds, ........
Premium on increase in capital,
Total income, ........
Ledger assets, Dec. 31, 1905, plus $100,000 increase in capital, .
Total,
Disbursements.
Net amount paid for fire losses,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents, including company's own occupancy,
Taxes and fees, .....
Premiums on bonds purchased,
Adjustment expenses, ....
Advertising and printing,
Legal expenses, .
Furniture and fixtures, .
Maps, .......
Postage, express, telegrams, telephone and freight,
Office supplies, . .
Traveling expenses,
Patrol and inspections, ....
All other disbursements,
Total disbursements,
Balance, .....
Ledger Assets.
Real estate, $7,500; mortgages, $282,562.50, .
Bonds (schedule A),
$583,540 86
20,734 57
4,290 00
70,000 00
,565 43
541,424 70
$1,219,990 13
$133,996 38
134,896 96
40,662 63
900 00
19,086
68
981
25
3,063
60
12,590
30
681
92
1,179
75
4,470
70
6,383
3,296
12
65
21,587
19
3,779
03
1,822
58
$389,378 74
$830,611
39
$290,062 50
324,898 00
MICHIGAN COMMERCIAL INSURANCE CO. 295
Cash in banks and office, $78,756 12
Agents' balances, . . . 136,894 77
Total ledger assets, . . . . . . . . $830,61139
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $3,944; bonds, $4,235.91; other assets, $509.19, 8,689 10
Market value of bonds over book value, ..... 2,586 25
Gross assets, $841,886 74
Assets not admitted.
Agents' balances over three months due, . . - . $199 10
Special deposits less $494.89 liability thereon, . . 24,867 61
Total unadmitted assets, . . . 25,066 71
Total admitted assets, $816,820 03
Liabilities.
Unpaid losses, including $3,375 resisted, . . $85,299 31
Less reinsurance, . . . • . ■ - • • 18,581 03 $66,718 28
Unearned premiums on outstanding risks, . . . . 451,153 15
Commissions and other charges due agents and brokers, . . 4,447 19
All liabilities, except capital and surplus, .... $522,318 62
Paid-up capital, $300,000 00
* Impairment of capital, .... 5,498 59
Surplus to policy holders, . . . . • . . . 294,501 41
Total liabilities, $816,820 03
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Premiums.
$28,690,649 00 $354,903 67
76,272,059 00 955,357 95
$104,962,708 00 $1,310,261 62
39,085,540 00 486,116 05
,877,168 00 $824,145 57
4,397,910 00 55,481 09
Net amount in force, .... $61,479,258 00 $768,664 48
Miscellaneous.
Premiums received from organization of company, . . . $893,214 00
Losses paid from organization of company, .... 201,447 00
Fire losses incurred during the year, ..... 178,463 00
Company's stock owned by directors, ..... 152,400 00
* Dec. 31, 1906, the premiums on risks of this company, reinsured in companies not licensed to
transact business in Massachusetts, amounted to $134,027.20, and under the statutes of this Com-
monwealth no credit can be allowed for such re-insurance, and the company is, therefore, charged
a liability for the unearned premiums on all such risks. Had this reinsurance been effected with
licensed companies, its surplus would have been $61,515.01. Since December 31 last a large
amount of this reinsurance has been transferred to licensed companies and a statement duly
verified by examination by the Insurance Commissioner of Michigan, showing the condition of this
company June 10 on the basis required by the laws of the Commonwealth of Massachusetts, shows
that the company had a surplus of $38,377.25 on that date.
296
MIDDLESEX MUTUAL ASSURANCE CO.
Schedule A. Bonds owned
Government Bonds.
United States 4s, 1907, .
United States reg. 3s, 1918,
County and Municipal Bonds.
Albion, Mich., 4s, 1908, .
Albion, Mich., 4s. 1909, .
Albion, Mich., 4s, 1914, op. 1910,
Antrim County, Mich., 5s, 1907,
Blissfield, Mich., 4s, 4918, op. 1914,
Croswell, Mich., 4^s, 1914,
Dowagiac, Mich., 4s, 1912, op. 1907,
Fairview, Mich., 4^s, 1935,
Holland, Mich., 4^s, 1911, op. 1907,
Houghton, Mich., 5s, 1935, . .
Jackson, Mich., 4s, 1926, .
Kalamazoo, Mich., 4^s, 1913, op. 1910,
Lansing, Mich., 4s, 1912, op. 1907,
Oakland Count y, Mich., 4s, 1911,
Oakland County, Mich., 4s, 1912,
Portland, Mich., 4s, 1915,
Portland, Mich., 4s, 1920,
Saugatuck, Mich., 5s, 1922,
Shiawassee County, Mich., 4s, 1909,
Shiawassee County, Mich., 4s, 1912,
Shiawassee County, Mich., 4s, 1915,
BY THE
Company.
Book Value.
Rate.
Market Value.
$10,000
00
101
$10,100 00
15,000
00
lOlf
15,262 50
4,000
00
99£
3,995 00
4,000
00
99f
3,990 00
10,000
00
99f
9,975 00
4,000
00
100
4,000 00
10,000
00
99
9,900 00
9,000
00
100
9,000 00
18,000
00
99f
17,887 50
15,000
00
100
15,000 00
38,000
00
100
38,000 00
18,000
00
111
19,980 00
50,000
00
100
50,000 00
28,000
00
101i
28,350 00
54,898
00
100
54,898 00
8,000
00
100
8,000 00
2,000
00
100
2,000 00
9,500
00
99
9,405 00
500
00
98^
492 50
3,000
00
105
3,150 00
5,000
00
100|
5,018 75
4,000
00
100f
4,030 00
5,000
00
101
5,050 00
$324,898
00
$327,484 25
MIDDLESEX MUTUAL ASSURANCE COMPANY, MIDDLETOWN, CONN *
Incorporated June 2, 1836. Commenced business June 13, 1836.
I. VINCENT COFFIN, President. CHAS. W. HARRIS, Secretary.
Home Office, 151 Main Street.
Income.
Net fire premiums, $119,655 39
Interest on stocks and bonds, ...... 30,808 73
Rents, . . 10,099 16
Total income, ......
Ledger assets, Dec. 31, 1905, .....
Total,
Disbursements.
Net amount paid for fire losses, ....
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Repairs and expenses on real estate,
Real estate taxes, $2,949.26; other taxes and fees, $1,867
Advertising and stationery, .....
Premiums and accrued interest on securities purchased,
Postage, ........
Insurance on real estate and surety bonds,
Traveling expenses and appraisals, ....
All other disbursements, .....
Total disbursements, .....
Balance, .......
. $160,563 28
773,485 76
. $934,049 04
$67,142
19,492
22,621
1,520
.24, . 4,816
923
58
42
00
46
50
48
412
81
791
69
. - 1,760
803
71
55
2,099
12
. $122,384 32
. $811,664 72
* A mutual company.
MIDDLESEX MUTUAL ASSURANCE CO.
297
Ledger Assets.
Real estate, .......
Stocks and bonds (schedule A),
Cash in banks, ......
Agents' balances, ......
Total ledger assets, ....
Non-Ledger Assets.
Market value of stocks and bonds over book value,
Gross assets, ......
Assets not admitted.
Agents' balances over three months due, .
Book value of real estate over market value, .
Total unadmitted assets, .
Total admitted assets, ....
Liabilities.
Unpaid losses, including $1,050 resisted, .
Unearned premiums on outstanding risks,
Plus same on disallowed reinsurance,
All liabilities, except surplus, .
Surplus, .......
55,567 11
5,000 00
$192,383 97
34 68
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, .'
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force, .
Miscellaneous
Losses paid from organization of company,
Fire losses incurred during the year,
Schedule A. Stocks and Bonds
Railroad Stocks.
380 shares Chicago & Northwestern, common,
100 " Chicago & Northwestern, preferred,
200 " Illinois Central, ....
100 " Louisville & Nashville,
605 " New York, New Haven & Hartford,. .
800 " Pennsylvania, .....
200 " Union Pacific,
Bank Stocks.
30 shares Central National, Middletown, Conn., .
40 " First National, Middletown, Conn.,
,283,104 00
15,541,609 00
$194,000 00
561,700 00
34,319 81
21,644 91
$811,664 72
150,946 25
$962,610 97
10,567 11
$952,043 86
$10,138 06
192,418 65
$202,556 71
749,487 15
$952,043 86
Premiums.
$400,750 74
126,632 70
$63,824,713 00 $527,383 44
16,448,722 00 141,061 89
$47,375,991 00
36,900 00
$386,321 55
219 56
$47,339,091 00 $386,101 99
.
. $1
,695,630 00
.
•
66,870 00
OWNED BY THE
Company.
Book Value.
Rate.
Market Value.
$38,000 00
198*
$75,335 00
10,000 00
230
23,000 00
20,000 00
165*
33,100 00
10,000 00
143*
14,312 50
60,500 00
190*
115,252 50
40,000 00
138|
55,350 00
20,000 00
180*
36,050 00
2,250 00
80
1,800 00
4,000 00
100
4,000 00
298
MILWAUKEE FIRE INSURANCE CO.
42 shares Middlesex County N'l, Middlet'n, Conn
150 " Middletown National, Conn.,
Miscellaneous Stocks.
34 shares Omaha Water Co., 1st preferred,
56 " Omaha Water Co., 2d preferred,
Municipal Bonds.
East Orange, N. J., 4s, 1933,
Middletown, Conn., 4s, 1908,
Portland, Conn., 3$s, 1909,
Railroad Bonds.
Baltimore & Ohio (Southwestern Div.) 3^s, 1925,
Buffalo & Susquehanna 4s, 1951,
Burlington, Cedar Rapids & Northern 5s, 1934,
Chicago & Eastern Illinois 5s, 1937, .
Cincinnati, Ind. & Western 4s, 1953, .
Cleve., Cin., Chic. & St. Lo. (Cairo Div.) 4s, 1939,
Iowa Falls & Sioux City 7s, 1917,
Kansas City, Fort Scott & Memphis 4s, 1936,
Louisville & Nashville 4s, 1940,
Missouri Pacific (Central Branch) 4s, 1919,
N. Y., New Haven & Hartford conv. 3£s, 1956,
Pennsylvania convertible 3^s, 1912, .
St. Paul, Minn. & Manitoba 6s, 1933,
Miscellaneous Bonds.
Continental Coal Co. 5s, 1952, .
Nebraska Loan & Trust Co. 6s, 1905,
Nebraska Loan & Trust Co. 6s, 1901,
Omaha Water Co. 5s, 1946,
W. & B. Douglas 6s, 1917,
Book Value.
Rate.
Market Value.
l., $4,200 00
90
$3,780 00
11,250
00
109
12,262 50
1,200
00
800
00
-
-
15,000
00
101f
15,243 75
3,000
00
99i
2,985 00
26,000
00
98£
25,610 00
40,000
00
90^
36,200 00
10,000
00
96i
9,650 00
10,000
00
116
11,600 00
10,000
00
116
11,600 00
10,000
00
94
9,400 00
40,000
00
99|
39,750 00
10,000
00
123f
12,375 00
12,000
00
82
9,840 00
40,000
00
100
40,000 00
10,000
00
95
9,500 00
22,500
00
112
25,200 00
20,000
00
98
19,600 00
25,000
00
132
33,000 00
10,000
00
104
10,400 00
10,000
00
20
3,000 00
1,000
00
20
700 00
10,000
00
80
8,000 00
5,000
00
95
4,750 00
$561,700 00
$712,646 25
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, 4^2 City Hall Square.
Income.
Net fire premiums,
Interest on mortgage loans, $11,226.94; stocks and bonds, $14,-
223.22; deposits, $1,599.90,
Stockholders' contribution to surplus, .....
Total income, ........
Ledger assets, Dec. 31, 1905, ....
Total, .
Disbursements
Net amount paid for fire losses,
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, .
Paid reinsurance company under treaty, .
Advertising, printing and stationery,
Agents' balances charged off, .
$307,694 44
27,050 06
150,000 00
$484,744 50
682,713 32
$1,167,457 82
$321,743 50
10,000 00
84,906 39
19,663 75
700 00
13,905 88
11,398 34
2,443 70
2,653 76
310 81
MILWAUKEE FIRE INSURANCE CO.
299
Ledger Assets.
Traveling and adjusting,
All other disbursements,
Total disbursements,
Balance,
Mortgages, ....
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Due from other company,
Total ledger assets, ......
Non-Ledger Assets.
Interest accrued : —
On mortgages, $3,923.59; bonds, $2,579.17, .
Market value of stocks and bonds over book value, .
Gross assets, ........
Assets not admitted.
Agents' balances over three months due, ....
Total admitted assets, ......
Liabilities.
Unpaid losses, including $2,053.24 resisted, . $42,247
Less reinsurance, ..... 3,966
Unearned premiums on outstanding risks,
Plus same on disallowed reinsurance,
Due reinsuring company under treaty,
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$292,032
509
$343,507 66
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$52,653,589
34,695,137
58,362 90
9,645 30
$485,734 33
,723 49
$342,650 00
280,832 50
19,519 96
37,751 92
969 11
$681,723 49
6,502 76
2,751 25
$690,977 50
492 70
$690,484 80
06
31
— $38,280 75
53
02 292,541 55
16,154 84
$346,977 14
200,000 00
143,507 66
$690,484 80
Premiums.
00 $610,866 69
00 415,857 03
$87,348,726
32,863,717
00 $1,026,723 72
00 402,971 19
$54,485,009
5,362,591
00 $623,752 53
00 64,722 69
$49,122,418 00 $559,029 84
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
. $2,225,258 00
. 1,266,897 00
300
MILWAUKEE MECHANICS' INSURANCE CO.
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,
$330,779 00
20,000 00
10,000 00
55,660 00
Schedule A. Stocks and Bonds owned by the Company.
Bank Stocks.
67 shares Wisconsin National, Milwaukee, Wis.,
Municipal Bonds.
New York, N. Y., 3|s, 1953,
Railroad Bonds.
Atlantic Coast Line 4s, 1952,
Chicago, Rock Island & Pacific 4s, 1934,
Flint & Pere Marquette (Pt. Huron Div.) 5s, 1939
Grand Rapids & Indiana 4^s, 1941,
Louis. & Nash. (N., O. & M.)_lst mtge. 6s, 1930,
Milwaukee Light, Heat & Traction 5s, 1929,
N. Y. Cent. & Hudson R. (M. C. coll.) 3£s, 1998,
Southern (Atlantic & Danville) 4s, 1948,
Wabash (Omaha Division) 3^s, 1941,
Western Maryland 4s, 1952,
Wisconsin Central 4s, 1949,
Miscellaneous Bonds.
Niagara Falls Hydraulic P. & Mfg. Co. 4s, 1920,
Union Electric Light & P. Co., St. Louis, 5s, 1932,
Book Value.
Rate.
Market Value.
$14,740
00
220
$14,740 00
9,150
00
91i
9,150 00
33,687
50
96
33,600 00
22,625
00
90
22,500 00
10,275
00
108
10,800 00
17,467
50
105
17,850 00
18,450
00
124i
18,618 75
25,875
00
104
26,000 00
42,250
00
85i
42,750 00
9,050
00
95
9,500 00
28,262
50
82
28,700 00
8,250
00
82
8,200 00
21,750
00
88^
22,125 00
9,000
00
90^
9,050 00
!, 10,000
00
100
10,000 00
$280,832
50
$283,583 75
WM.
MILWAUKEE MECHANICS' INSURANCE COMPANY,
MILWAUKEE, WIS.
Incorporated Feb. 15, 1852. Commenced business April 1, 1852.
Paid-up Capital, $500,000.
L. JONES, President. OSCAR GRIEBLING, Secretary
Home Office, Jf.Jf.2 City Hall Square.
Income.
Net fire premiums, ....
Interest on mortgage loans, $57,902.87;
stocks and bonds, $58,565.51; all other, $
Rents, including company's own occupancy,
Profit on sale of stocks and bonds, .
Profit and loss, .....
Increase in book value of securities,
Premium on increase in capital,
collaterals,
1,033.79,
,750
Total income,
Ledger assets, Dec. 31, 1905, plus
,000 increase in capital,
,396,494 11
122,252 17
3,970 00
3,212 67
677 34
7,120 00
300,000 00
Total,
Disbursements.
Net amount paid for fire losses,*
Dividends to stockholders,
$1,833,726 29
3,525,654 60
$5,359,380 89
1,936,073 56
, 40,000 00
* At the time of the San Francisco conflagration and for some years prior thereto this company-
was operating under the Safety Fund Law of Wisconsin and its policies so stated. Under the
provisions of said statute the Insurance Commissioner of Wisconsin made an examination and par-
titioned the assets of this company, setting aside for the payment of all claimants on April 21,
1906, a fund, which, with the accumulations thereon, amounted to $1,551,648.09. Of this amount
there had been disbursed prior to Dec. 31, 1906, for the payment of losses $1,391,896.10, leav-
ing a balance of $159,751.99, which the company carries as a liability and the payment of which
will discharge its legal liabilities on account of the losses and claims occasioned by the San Fran-
cisco conflagration.
MILWAUKEE MECHANICS INSURANCE CO.
301
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, $1,817.23; other taxes and fees, $58,762.37,
Loss on sale or maturity of bonds, .
Reduction in book value of securities,
Advertising, printing and stationery,
Legal expenses, .....
Furniture and fixtures, ....
Paid reinsuring company under treaty,
Traveling and adjusting expenses, .
All other disbursements,
Total disbursements,
Balance, .....
Ledger Assets.
Real estate, $121,000; mortgages, $1,105,202.28,
Loans secured by collateral (400 shares First Nat'l Bank, Mil.),
Stocks and bonds (schedule A),
Cash in banks and office, ......
Agents' balances, . . . . . ...
Deposit with Milwaukee Board of Fire Underwriters,
Due from other companies, .....
Total ledger assets, . .
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $19,714.78; bonds, $9,658.33; collateral loans,
$320.83,
Market value of stocks and bonds over book value, .
Gross assets, .........
$361,185 47
100,796 87
6,208 25
137 20
60,579 60
3,173 75
34,622 50
16,416 46
1,940 06
759 14
895 57
18,974 51
46,637 64
$2,628,400 58
$2,730,980 31
$1,226,202 28
35,000 00
1,084,707 50
179,386 40
200,881 79
100 00
4,702 34
$2,730,980 31
29,693 94
14,189 10
5,774,863 35
Assets not admitted.
Agents' balances over three months due,
Special deposits less $34,189 . 24 liability thereon,
Deposit with Mil. Board of Fire Underwriters, .
Total unadmitted assets, .
Total admitted assets,
Liabilities.
Unpaid losses other than San Francisco claims,
Less reinsurance, ......
San Francisco claims payable from Safety Fund,*
Net amount of unpaid losses and claims, .
Unearned premiums on outstanding risks,
Plus same on disallowed reinsurance,
Due from reinsuring company under treaty,
All liabilities, except capital and surplus, .
$1,495 08
44,368 26
100 00
45,963 34
$2,728,900 01
,091 94
12,152 02
$67,939 92
159,751 99
$227,691 91
,435,945 38
2,324 84 1,438,270 22
95,646 22
,761,608 35
* See note on page 300.
302
MILWAUKEE MECHANICS INSURANCE CO.
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$967,291 66
Total liabilities,
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
$500,000 00
467,291 66
2,728,900 01
Risks and Premiums.
Premiums.
$258,022,835 00 $3,122,104 80
156,145,072 00 1,948,372 20
Total, .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$414,167,907 00
152,690,466 00
$261,477,441 00
28,634,600 00
55,070,477 00
1,930,064 61
13,140,412 39
393,005 36
$232,842,841 00 $2,747,407 03
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, . .
$24,097,317 00
12,870,983 00
2,067,176 00
1,350,000 00
40,000 00
134,960 00
101}
8,120
00
105f
10,537
50
113
56,500
00
105
10,500
00
109
6,540
00
105f
79,312
50
100
25,000
00
105f
132,187
50
96
11,520
00
100*
15,075
00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value. Rate. Market Value.
220 shares Milwaukee Elec. R'y & Light, pref., . $24,200 00 110 $24,200 00
Miscellaneous Stocks.
1,776 shares Milwaukee Underwriters' Bldg.Asso., 2,220 00 160 2,84160
170 " Mil. Underwriters' Bldg. Asso. No. 2, 2,040 00 120 2,040 00
100 " Mil. Underwriters' Bldg. Asso. No. 3, 1,000 00 130 1,300 00
State, County and Municipal Bonds.
Brown County, Wisconsin, 5s, 1907-10, . . 8,080 00
Georgia 3}s, 1920, 10,400 00
Portland, Ore., 5s, 1923, 55,000 00
£±5 wlS:; £; IfS;16: : : : : } «.«<>'*{
Ramsey County, Minnesota, 4}s, 1917, . . 78,187 50
Ramsey County, Minnesota, 4}s, 1907, . . 25,000 00
St. Paul, Minn., 4}s, 1917, .... 130,000 00
Virginia 3 s, 1991, 11,46000
Washington County, Wisconsin, 5s, 1907-09, . 15,150 00
Railroad Bonds.
Chicago & Alton 3}s, 1950, . . .•■'.. 22,425 00 75} 22,650 00
C, B. & Q. (Hannibal & St. Jos.) 6s, 1911, . 5,300 00 107£ 5,362 50
Chicago, Rock Island & Pacific 4s, 1934, . . 45,250 00 90 45,000 00
Elgin, Joliet & Eastern 5s, 1941, . . . 28,000 00 115 28,750 00
Flint & Pere Marquette (Pt. Huron Div.) 5s, 1939, 20,550 00 108 21,600 00
Kansas City Southern 3s, 1950, . ' . . 35,125 00 71} 35,750 00
Louis. & Nash. (N. O. & Mobile) 1st mtge. 6s, 1930, 36,900 00 124| 37,237 50
Marquette, Houghton & Ontonagon 6s, 1925, . 29,125 00 120 30,000 00
Milwaukee City 5s, 1908, 20,000 00 100 20,000 00
Milwaukee Light, Heat & Traction 5s, 1929, . 51,750 00 104 ' 52,000 00
Minn., Sault Ste. Marie & Atlantic 4s, 1926, . 58,000 00 100 58,000 00
Minn., St. Paul & Sault Ste. Marie 4s, 1938, . 24,500 00 99} 24,875 00
N. Y. Cent. & Hud. R. (M. C. coll.) 3}s, 1998, . 42,250 00 85} 42,750 00
St. Lo., Tron Mt. & South. (R. & G. Div.) 4s, 1933, 22,812 50 92 23,000 00
Southern 5s, 1994, . . . . ' . . 28,250 00 113f 28,437 50
Southern (Atlantic & Danville) 4s, 1948, . . 22,625 00 95 23,750 00
Southern (Knoxville & Ohio) 6s, 1925, . . 19,975 00 121 20,570 00
Toledo, Walhonding Valley & Ohio 4s, 1942, . 53,762 50 99 54,450 00
Wabash (Toledo & Chicago) 4s, 1941, . . 9,175 00 93 9,300 00
THE NASSAU FIRE INSURANCE CO. OF BROOKLYN.
303
Wabash Pittsburg Terminal 4s, 1954,
Western Maryland 4s, 1952, ....
Wisconsin Central 4s, 1949, . ...
Miscellaneous Bonds.
Niagara Falls Hyd. Power & Mfg. Co. 4s, 1920, .
Niagara Falls Hyd. Power & Mfg. Co. 5s, 1917, .
Union Elec. Light & Power Co. (St. Lo.) 5s, 1932,
Book Value.
$39,875 00
33,000 00
17,400 00
7,200 00
12,000 00
20,000 00
$1,084,707 50
Rate.
80
82
88i
90i
100
100
Market Value.
$40,000 00
32,800 00
17,700 00
7,240 00
12,000 00
20,000 00
$1,098,896 60
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, 80 Court Street, Brooklyn.
Income.
Net fire premiums, $687,786 12
Interest on stocks and bonds, ...... 27,109 06
Borrowed money, . . . . . . . . . 100,000 00
From all other sources, . . . . . . . . 567 64
Total income, $815,462 82
Ledger assets, Dec. 31, 1905, plus error in 1905 statement, 642,058 44
. Total, $1,457,521 26
Disbursements.
Net amount paid for fire losses, ...... $475,831 12
Dividends to stockholders, . . . . . . . 20,000 00
Commissions or brokerage, ....... 172,535 60
Salaries, fees, etc., of officers and employees, .... 16,310 04
Rents, 4,000 00
Taxes and fees, 8,112 71
Interest on borrowed money, . . . . . . . 255 56
Advertising, printing and stationery, ....... 886 78
Furniture, . . . . ... . . . . 568 36
Maps, 286 94
All other disbursements, .--.'•. . . . . . 1,787 79
Total disbursements, ....... $700,574 90
Balance, ... " $756,946 36
* The annual statement of this company to the Massachusetts insurance department bore un-
mistakable evidence that it was incorrect in several particulars. It was apparent, for example,
that an item of $100,000, for borrowed money, had been omitted from the income of the year. As
this department could not obtain satisfactory information from correspondence with the officers
of the company, the Superintendent of Insurance of New York was appealed to, and he instituted
an examination for the purpose of ascertaining the correctness of the company's annual statement.
In the report of the examination the Examiner says : —
. "An examination of the company's books shows the return of receipts and disbursements, as set
forth in its annual statement to the department, to be incorrect in many particulars"
and, referring to the item of borrowed money, amounting to $100,000, adds : —
"This sum, though borrowed in 1906, does not appear in the company's statement of income.
No satisfactory explanation has been advanced by the officers for its failure to include such item.
It would appear from our examination of the accounts that a portion of said sum was included as
premium income, and so forth, the balance being accounted for by decrease in commissions paid,
and so forth, and incorrect return of ledger assets."
The following exhibit is compiled by this department from information received from the New
York department, with such modifications as are necessary under the statutes of this Common-
wealth. The company appears to be in a solvent condition, and there are assurances that its book-
keeping methods will be thoroughly reformed.
304
THE NASSAU FIRE INSURANCE CO. OF BROOKLYN.
Ledger Assets.
Stocks and bonds (schedule A),
Cash in banks and office, ....
Agents' balances, ......
Total ledger assets,
Non-Ledger Assets.
Interest accrued on bonds, ....
Market value of stocks and bonds over book value,
Gross assets, ......
Liabilities.
Unpaid losses including $7,375 resisted, .
Unearned premiums on outstanding risks,
Plus same on disallowed reinsurance, ,
$395,724 57
13,440 47
Commissions and other charges due agents and brokers, .
Due for return premiums, $40,072.02; reinsurance, $18,009.72
Borrowed money, ........
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital,
Surplus over capital and general liabilities,
Total liabilities, ....
$263,480 93
$502,247 90
13,373 74
241,324 72
$756,946 36
2,350 83
158,561 35
$917,858 54
$30,500 00
409,165 04
56,630 83
58,081 74
100,000 00
$654,377 61
200,000 00
63,480 93
$917,858 54
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1905, . . $65,648,005 00 $798,467 85
Fire risks written during 1906, . . . 77,711,275 00 955,464 44
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$143,359,280 00
69,671,962 00
,753,932 29
892,153 98
$73,687,318 00 $861,778 31
8,773,815 00 111,416 58
$64,913,503 00 $750,361 73
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,
$5,820,023 00
2,552,098 00
506,331 00
1,422,500 00
50,000 00
20,000 00
' 67,650 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value.
8,000 shares Brooklyn City, .... $80,000 00
600 " Manhattan Elevated, . . . 63,312 50
Bank Stocks.
144 shares Mechanics, Brooklyn, N. Y., . . 7,200 00
250 " Nassau N'l, Brooklyn, N. Y., . . 25,000 00
50 " National City, Brooklyn, N. Y., . 2,500 00
Rate. Market Value.
225 $180,000 00
142f 85,650 00
300
250
290
21,600 00
62,500 00
7,250 00
NATIONAL FIRE INSURANCE CO. OF HARTFORD.
305
Miscellaneous Stocks.
100 shares American Express Co., N. Y., .
209 " Consolidated Gas Co., N. Y., .
160 " Mort. Bond Co., New York, N.
152 " N. Y. & N. J. Tel. Co., .
Municipal Bonds.
Brooklyn, N. Y., 3£s, 1916,
New York, N. Y., 3is, 1952,
Railroad Bonds.
Brooklyn Rapid Transit 5s, 1920,
Miscellaneous Bonds.
Consolidated Gas Co., N. Y., 6s, 1909,
Book Value.
Rate.
Market Value.
$18,500 00
36,525 00
240
138
$24,000 00
28,842 00
, 10,000 00
19,654 00
102*
128
10,250 00
19,456 00
16,000 00
208,056 40
97
91|
15,520 00
187,831 25
10,000 00
103f
10,375 00
5,500 00
137
7,535 00
$502,247 90
$660,809 25
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, . . $4,991,039 21
Interest on mortgage loans, $35,669. 14; stocks and bonds, $210,-
002.19; all other, $4,772.05, 250,443 38
Rents, . . 14,669 44
Profit on sale or maturity of ledger assets, .... 132,388 84
Profit and loss, . . . ' . . . . . . 7,892 67
Borrowed money, . . . . . ... . 1,050,000 00
Total income,
Ledger assets, Dec. 31, 1905, .- m . . . .
Total,
Disbursements.
Net amount paid for fire losses,
Dividends to stockholders, .....
Commissions or brokerage, .....
Salaries, fees, etc., of officers and employees,
Repairs and expenses on real estate,
Real estate taxes, $5,000 . 76 ; other taxes and fees, $163,901 . 78,
Loss on sale or maturity of ledger assets,
Advertising, field work and incidentals, .
Furniture, books and stationery, ....
Borrowed money, .......
Interest on borrowed money, .....
Traveling, adjustment and miscellaneous expenses, .
Total disbursements, ......
Balance, .......
. $6,446,433 54
. 7,038,962 66
$13,485,396 20
$4,565,527 56
70,000 00
921,308 21
389,651 24
2,936 04
168,902 54
17,696 61
160,393 64
37,842 24
600,000 00
• 7,852 09
136,803 66
$7,078,913 83
$6,406,482 37
306
NATIONAL FIRE INSURANCE CO. OF HARTFORD.
Ledger Assets.
Real estate, $335,762.49; mortgages, $630,192,
Stocks and bonds (schedule A),
Cash in banks and office, ....
Agents' balances, .
Total ledger assets, ....
Non-Ledger Assets.
Market value of real estate over book value,
Market value of stocks and bonds over book value,
Gross assets, .
Assets not admitted.
,763 . 47 liability thereon,
Special deposits less
Total admitted assets,
Liabilities.
Unpaid losses, including $17,830.05 resisted,
Unearned premiums on outstanding risks,
Plus same on disallowed reinsurance,
Borrowed money, .....
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
Total liabilities,
Risks and Premiums.
$965,954 49
4,335,993 03
325,788 96
778,745 89
56,406,482 37
125,566 20
441,630 47
. $6,973,679 04
40,374 03
. .$6,933,305 01
. $516,708 71
5,881,702 09
99,848 76 3,981,550 85
450,000 00
,985,045 45
14,948,259 56
1,000,000 00
985,045 45
56,933,305 01
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Premiums.
$748,305,187 00 $8,381,271 34
656,227,627 00 7,382,430 59
$1,404,532,814 00 $15,763,701 93
. 575,276,607 00 6,431,475 18
$829,256,207 00 $9,332,226 75
160,425,002 00 1,813,064 88
,831,205 00 $7,519,161 87
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 (7 per cent.),
Company's stock owned by directors,
$56,696,792 00
31,758,406 00
4,724,618 00
3,327,000 00
100,000 00
70,000 00
94,200 00
NATIONAL FIRE INSURANCE CO. OF HARTFORD.
307
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
45 shares Atchison, Top. & Santa F6, pref.,
500 " Chicago Great Western, .
257 " Chic, Rock Island & Pacific, .
200 " Fort Wayne & Jackson, preferred,
200 " Georgia R. R. & Banking Co.,
238 " Illinois Central,
17 " Illinois Central, leased lines,
500 " Mil. Elec. Rv. & Light Co., pref.,
200 " Mobile & Ohio (Southern By.),
125 " New Hampshire Electric, pref.,
896 " New York Cen. & Hudson River,
80 " N. Y., New Haven & Hartford,
200 " New York & Harlem,
154 " Norfolk & Western, preferred,
150 " Oswego & Syracuse,
100 " Peoria & Bureau Valley,
200 " Pittsburg, Fort Wayne & Chicago,
27 " St. Joseph, So. Bend, & So., pref.,
100 " St. Joseph, So. Bend, & So., com.,
80 " Southern, preferred,
Bank Stocks.
100 shares .(Etna National, Hartford, Conn.,
656 " Charter Oak Nat., Hartford, Conn., .
25 " Citizens Central Nat., N. Y., .
46 " City, Hartford, Conn., .
100 " Farmers & M. Nat.. Hartford, Conn.,
300 "' Hartford Nat., Hartford, Conn.,
360 " Nat. Exchange, Hartford, Conn.,
350 " Phcenix Nat., Hartford, Conn.,
. Miscellaneous Stocks.
1,995 shares Colonial Securities Co., .
765 " Commercial Union Telegraph Co.,
210 " Hartford Gas Secur. Co., preferred, .
State and Municipal Bonds.
Arizona 5s, 1942,
Georgia 4*s, 1910-15,
Groton, Conn., 4s, 1924, .
New Britain, Conn., 3*s, 1907-30,
New York, N. Y., 3*s, 1953,
No. East School Dist., Hartford, Conn., 3*s, 1931
Opelika, Ala., 5s, 1934,
Portland, Ore., 5s, 1923, .
Richmond, Va., 4s, 1923-28,
Silver City, N. M., 7s, 1923,
Railroad Bonds.
Atlantic & Danville 4s, 1948, .
Augusta Terminal 6s, 1947,
Belt of Chattanooga 5s, 1945,
Brooklyn Union Elevated 4s, 1950,
Buffalo 5s, 1931,
Central Branch Union Pacific 4s, 1948,
Central of Georgia equipment 4*s, 1908,
Central of Georgia equipment 4*s, 1915,
Central of Georgia (Mobile Div.) 5s, 1946,
Chesapeake & O. (B. & A. Div.), 2d mort. 4s, 1989
Chicago & Cincinnati 5s, 1952, .
Chicago & Erie 5s, 1982, .
Chicago & Indiana Coal 5s, 1936,
Chicago North Shore Street 6s, 1912,
Chicago, Peoria & St. Louis 4*s, 1930,
Choctaw, Oklahoma & Gulf 5s, 1919,
Choctaw & Memphis 5s, 1949, .
Cincinnati, Hamilton & Dayton 4*s, 1908,
Cincinnati, Indianapolis & Western 4s, 1953,
Cincinnati, Bichmond & Muncie 5s, 1950,
Elgin, Aurora & Southern Traction 5s, 1916,
Flint & Pere Marquette 5s, 1939,
Book Value.
S900 00
46,375 00
18,363 84
23,600 00
41,800 00
22,318 45
1,496 00
60,000 00
18,000 00
4,375 00
86,794 20
13,118 21
28,000 00
4,208 70
14,825 00
16,500 00
32,000 00
1,500 00
1,613 00
14,000 00
67,274 25
3,125 00
4,690 00
11,000 00
41,400 00
21,900 00
42,060 00
199,500 00
23,428 13
8,430 00
19,800 00
27,500 00
10,400 00
40,385 00
153,250 00
2,000 00
20,000 00
61,625 00
50,000 00
10,200 00
94,375 00
63,500 00
24,420 00
49,312 50
26,250 00
46,750 00
25,000 00
49,750 00
37,950 00
46,400 00
39,900 00
90,812 50
40,012 50
26,500 00
26,375 00
82,443 75
59,000 00
41,710 00
24,750 00
83,335 00
74,312 50
33,350 00
Rate.
99
80
150
142
261
165*
103
110
93
25
131
190*
380
90
230
197
173
100
35
94
225
134
142*
101
110
145
130
125
275
114
184
107*
100
96i
91*
97$
102
113
101f
112
95
125
108
104*
HOf
92i
99
96f
113
95*
105
116*
115
87
100
105
114*
79
94
107
99
108
Market "Value.
$4,455 00
40,000 00
38,550 00
28,400 00
52,200 00
39.389 00
1,751 00
55,000 00
18,600 00
3,125 00
117,376 00
15,240 00
38,000 00
13,860 00
17,250 00
19,700 00
34,600 00
2,700 00
3,500 00
7,520 00
22,500 00
87,904 00
3,562 50
4,646 00
11,000 00
43,500 00
23,400 00
43,750 00
548,625 00
21,802 50
9,660 00
20,725 00
26,875 00
10,000 00
39,462 50
137,250 00
1,952 50
20,400 00
56,500 00
50,687 50
11,200 00
95,000 00
62,500 00
23,760 00
52,250 00
27,687 50
46,125 00
24,750 00
48,375 00
37,290 00
47,750 00
38,850 00
87,375 00
46,000 00
21,750 00
25,000 00
78,750 00
57,250 00
33,970 00
23,500 00
82.390 00
74,250 00
32,400 00
308
NATIONAL LUMBER INSURANCE CO,
Fort Worth & Denver City 6s, 1921, .
Galveston, Harrisburg & San Antonio 5s, 1931,
International & Great Northern 5s, 1909, .
Kansas City Elevated 6s, 1922,
Kansas City, Fort Scott & Memphis 6s, 1928,
Kansas City, Fort Scott & Memphis 4s, 1936,
Kansas City Railway & Light 5s, 1913,
Louisville, Henderson & St. Louis 5s, 1946,
Mason City & Fort Dodge 4s, 1955, .
Metropolitan Street 4s, 2002,
Minneapolis & St. Louis 4s, 1949,
Missouri, Kansas & Oklahoma 5s, 1942,
Missouri, Kansas & Texas (St. L. Div.) 4s, 2001,
Nashville, Chattanooga & St. Louis 6s, 1923,
Nashville, Chattanooga & St. Louis 5s, 1928,
N. Y. Cen. & H. R. (Lake Sh. col.) 3£s, 1998,
Nodaway Valley 7s, 1920,
Northern Ohio 5s, 1945, ....
Northwestern Elevated 4s, 1911,
Peoria & Pekin Union 4£s, 1921,
Seaboard Air Line, Atlanta-Birmingham, 4s, 1933
Seaboard & Roanoke 5s, 1926, .
Southern 5s, 1994, '
Southern (Memphis Div.) 5s, 1996,
Southern (St. Louis Div.) 4s, 1951,
St. L., Iron M. & So. (Riv. & G. Div.) 4s, 1933,
St. Louis Transit 5s, 1924,
St. Paul City 5s, 1937,
St. Paul, Minn. & Man. (Mon. Ex.) 4s, 1937,
Texas & Pacific (La. Div.) 5s, 1931,
Toledo & Ohio Cen. (Western Div.) 5s, 1935,
Toledo Traction 5s, 1909, .
Ulster & Delaware 5s, 1928,
Wabash 1st mtge. 5s, 1939,
Wabash equipment 5s, 1921,
Wabash-Pittsburg Terminal 4s, 1954,
Western Mar viand 4s, 1952,
Wheeling & Lake Erie 5s, 1926,
Wheeling & Lake Erie 4s, 1949,
Miscellaneous Bonds.
Galveston Wharf Co. 5s, 1940, .
Randolph-Macon Coal Co. 5s, 1935,
Western Union Telegraph Co. 5s, 1938,
Book Value.
Rate.
Market Value.
$56,468
75
110
$55,000 00
27,712
50
109
27,250 00
124,625
00
100
125,000 00
117,000
00
116
116,000 00
28,887
50
120
30,000 00
15,977
50
82
14,760 00
24,375
00
98
24,500 00
5,575
00
111
5,550 00
45,875
00
91*
45,750 00
66,750
00
82£
61,875 00
14,325
00
93
13,950 00
52,675
00
106
53,000 00
23,187
50
89
22,250 00
16,912
50
117
17,550 00
. 28,343
75
112£
28,125 00
14,320
00
86i
13,800 00
5,120
00
105
5,250 00
54,500
00
114
57,000 00
29,100
00
90i
27,075 00
40,210
00
99^
39,800 00
!, 94,000
00
90
90,000 00
51,625
00
112
56,000 00
64,143
75
113|
62,562 50
48,547
00
116^
58,250 00
25,000
00
94^
23,625 00
23,898
75
92
23,920 00
54,480
00
94i
54,665 00
57,195
00
109
54,500 00
51,500
00
100
50,000 00
109,375
00
109i
109,500 00
86.671
25
112
89,600 00
49,250
00
99i
49,750 00
56,000
00
112
56,000 00
21,000
00
1121
22,500 00
52,000
00
100
50,000 00
65,375
00
80
60,000 00
84,000
00
82
82,000 00
22,675
00
111
22,200 00
73,681
25
87
69,600 00
25,000
00
110^
27,625 00
46,375
00
85
42,500 00
. ' 28,297
50
103
25,750 00
$4,335,993
03
$4,777,623 50
NATIONAL LUMBER INSURANCE COMPANY, BUFFALO, N. Y.
Incorporated Nov. J 5, 1905. Commenced business Nov. 15, 1905.
Paid-up Capital, $200,000.
MORRIS S. TREMAINE, President. WM. P. HAINES, Secretary.
Home Office, Fidelity Trust Building.
Income.
Net fire premiums, . . . . . . . , $145,743 15
Interest on bonds, $6,743.96; deposits, $2,253.43, . . . 8,997 39
Total income, ....
Ledger assets, Dec. 31, 1905, . . . .
Total,
Disbursements.
Net amount paid for fire losses,
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees,
$154,740 54
-252,080 46
$406,821 00
$42,872 33
23,481 62
9,792 79
NATIONAL LUMBER INSURANCE CO.
309
Rents, .
Taxes and fees,
Adjustment expenses,
Advertising, .
Inspections, .
Furniture and fixtures,
Postage,
Traveling expenses,
Underwriters' boards,
All other disbursements,
Total disbursements,
Balance,
Bonds (schedule A),
Cash in banks,
Agents' balances, .
Total ledger assets,
Interest accrued on bonds,
Gross assets, .
11, 223 75
2,763 12
216 77
3,415 29
7,998 40
1,174 20
827 91
2,382 06
240 87
3,295 26
Ledger Assets.
$99,684 37
$307,136 63
$210,525 40
73,293 26
23,317 97
Non-Ledger Assets.
Assets not admitted.
Agents' balances over three months due, .
Book value of bonds over market value, .
Total unadmitted assets, .
Total admitted 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,
•
$307,136 63
.
1,800 83
.
$308,937 46
$50 00
13,087 90
13,137 90
...
$295,799 56
$5,927 48
.
71,843 66
$77,771 14
$218,028 42
.
200,000 00
•
18,028 42
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, . .
Amount reinsured,
Net amount in force,
$337,100
7,620,574
$295,799 56
Premiums.
00 $6,956 78
00 186,646 36
$7,957,674
2,034,545
00 $193,603 14
00 41,523 80
$5,923,129
302,474
00 $152,079 34
00 8,392 02
$5,620,655 00 $143,687 32
310
NATIONAL UNION FIRE INSURANCE CO.
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. Bonds owned by the Company
Buffalo, N. Y
Buffalo, N. Y
Buffalo, N. Y.
Buffalo, N. Y.
Buffalo, N. Y.
Buffalo, N. Y.
Buffalo, N. Y.
Buffalo, N. Y.
New York, N.
New York, N.
New York, N.
N*ew York, N.
New York, N.
New York, N.
Savannah, Ga,
Municipal Bonds.
, 3£s, 1907,
, 3£s, 1908,
, 3*s, 1909,
, 3|s, 1910,
, 3*s, 1911,
, 3£s, 1912,
, 3^s, 1913,
, 3£s, 1930,
Y., 3£s, 1955,
Y., 3Js, 1936,
Y., 31s, 1949,
Y., 3£s, 1937,
Y., 3^s, 1924,
Y., 3*s, 1918,
,, 5s, 1909, .
.Book Value.
$40,050 00
135,355 00
6,965 00
5,970 00
4,975 00
3,980 00
2,985 00
10,245 40
$210,525 40
Rate.
99|
99|
99|
991
99i
99
98$
97
91f
93i
91f
93
95|
961
10H
$193,603 00
42,872 00
48,780 00
177,400 00
Market Value-
$4,993 75
4,987 50
4,981 25
4,975 00
4,962 50
4,950 00
4,943 75
4,850 00
124,270 00
6,518 75
5,505 00
4,650 00
3,805 00
2,895 00
10,150 00
$197,437 50
NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURG, PA.
PITTSBURG, PA.
Incorporated Feb. 14, 1901. Commenced business March 1, 1901.
Paid-up Capital, $750,000.
E. E. COLE. President. B. D. COLE, Secretary.
Home Office, 401 Wood Street.
Income.
Net fire premiums, $1,232,336 09
Interest on mortgage loans, $24,228 . 88 ; collaterals, $375 ; stocks
and bonds, $64,592.80; all other, $8,461.66, . . . 97,658 34
Profit on sale of bonds, ........ 500 00
Contingent commissions on reinsurance, .
Assessment on capital stock, .
Total income, ....
Ledger assets, Dec. 31, 1905, .
Total,
Disbursements
Net amount paid for fire losses,
Dividends to stockholders,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents, ......
Taxes and fees, ....
Adjustment expenses,
Advertising, printing, stationery, etc.,
Commissions, interest, etc., on assessment on capital,
Furniture and fixtures, .
Maps and printing plant,
Agents' balances and reinsurance charged off,
3,448 94
1,050,000 00
52,383,943 37
2,066,114 65
54,450,058 02
$1,624,727 78
30,000 00
262,464 73
, 7-7,941 16
8,249 99
45,887 22
19,958 80
8,362 56
81,566 25
1,460 82
9,460. 99
1,098 69
NATIONAL UNION FIRE INSURANCE CO.
311
Traveling and agency expenses,
All other disbursements, ....
Total disbursements, ....
Balance, ......
Ledger Assets
Mortgages, .....
Loans secured by collateral (Mf 'rs H. & L
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, ....
Bills receivable, ....
Office premiums in course of collection,
Total ledger assets, ....
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $5,756.88; bonds, $1,610,
Gross assets, ......
Assets not admitted.
Agents' balances over three months due, .
Bills receivable, ......
Book value of stocks and bonds over market value,
Total unadmitted assets,
Total admitted assets, ....
Liabilities.
Unpaid losses, including $34,226 . 54 resisted,
Less reinsurance, .....
Unearned premiums on outstanding risks,
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$58,891 55
18,445 59
$2,248,516 13
Co. bonds, Pitts., Pa.),
$2,201,541 89
$323,747 00
30,000 00
1,337,636 25
253,171 73
237,196 24
1,116 91
18,673 76
$2,201,541 89
7,366 88
. $2,208,908 77
$3,803 56
1,116 91
11,318 75
16,239 22
$2,192,669 55
$161,580 00
. 34,269 05
,002,272 19
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured, . ...
Net amount in force,
$158,959,857 00
150,939,204 00
$309,899,061 00
123,029,889 00
$186,869,172 00
26,551,144 00
$127,310 95
1,063,086 41
$1,190,397 36
750,000 00
252,272 19
$2,192,669 55
Premiums.
51,985,827 92
1,939,139 46
53,924,967 38
1,615,579 17
52,309,388 21
342,817 50
$160,318,028 00 $1,966,570 71
312
NATIONAL UNION 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 (4 per cent.),
Company's stock owned by directors,
M=,.793,189 00
3,063,429 00
1,674,445 00
30,000 00
30,000 00
415,800 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
200 shares Baltimore & Ohio, preferred,
30 " Baltimore & Ohio, common,
200 " Illinois Central,
1,800 " Pennsylvania,
84 " Pittsburgh & Lake Erie,
Bank Stocks.
187* shares Farmers Dep. N'l, Pittsburgh, Pa.,
75 " Second Nat '1, Pittsburgh, Pa.,
Miscellaneous Stocks.
200 shares Western Union Tel. Co.,
Government Bonds.
United States reg. 3s, 1918,
State, County and Municipal Bonds.
Georgia 4*s, 1908, . .
Georgia 4*s, 1909, .
Georgia 4*s, 1913, .
Jefferson County, Ind., 4s, 1910,
Jefferson County, Ind., 4s, 1911,
Jefferson County, Ind., 4s, 1912,
Jefferson County, Ind., 4s, 1913,
Jefferson County, Ind., 4s, 1914,
Jefferson County, Ind., 4s, 1915,
Lynchburg, Va., 4s, 1934,
New York, N. Y., 3*s, 1928,
Portland, Ore., 5s, 1917, .
Portland, Ore., 5s, 1922, .
Richmond, Va., 4s, 1938, .
Railroad Bonds.
Atchison, Topeka & Santa Fe 4s, 1955,
Central of Georgia (Chatt. Div.) 4s, 1951,
Conn. Ry. & Lighting Co. 4*s, 1951, .
Lake Shore & Michigan So. 4s, 1928, .
Metropolitan Street Ry. Co. 4s, 2002,
Norfolk & Western 4s, 1996,
Pittsburgh, Bessemer & Lake Erie 5s, 1947,
Miscellaneous Bonds.
Beaver Valley Water Co. 5s, 1932,
Electrical Securities Corp. 5s, 1934,
Jamison Coal & Coke Co. 5s, 1907-14,
Latrobe Water Co. 5s, 1918,
McConway & Torley 6s, 1908-10,
Mesta Machine Co. 5s, 1915-19,
Monongahela River C, C. & C. Co. 6s, 1949,
Pennsylvania Water Co. 5s, 1929,
Pittsburgh Brewing Co. 6s, 1949,
Pittsburgh Lamp, Brass & G. Co. 6s, 1915,
Pittsburgh & Buffalo Co. 5s, 1907-10,
Racine Water Co. 5s, 1931,
Sharon Steel Co. 5s, 1940,
St. Joseph Water Co. 5s, 1941, .
Standard Sanitary Mfg. Co. 6s, 1920,
Union Bag & Paper Co. 5s, 1930,
Union Gas Co. 5s, 1929, .
Union Steel Co. 5s, 1952, .
Union Switch and Signal Co. 5s, 1910,
Vandalia Coal Co. 6s, 1930,
Book Value.
$18,200 00
3,000 00
26,000 00
108,000 00
14,280 00
22,900 00
17,500 00
17,600 00
7,000 00
1,000 00
1,000 00
1,000 00
25,000 00
20,800 00
50,000 00
27,500 00
28,000 00
18,900 00
51,781 25
18,300 00
20,000 00
24,750 00
24,500 00
25,000 00
23,000 00
20,000 00
25,000 00
50,000 00
30,000 00
30,000 00
15,000 00
27,500 00
55,000 00
27,500 00
25,000 00
32,000 00
20,000 00
23;000
50,000
50,000
49,500
18,000 00
74,625 00
20,000 00
52,500 00
00
00
00
00
Rate.
92i
119*
165*
138|
300
165
225
84
lOlf
101
102
108
100*
lOOf
1001
101
1011
101f
100
94|
109
H2|
100
104*
92
102
98
82*
98*
115
98
99
100
100
95
109*
100
115*
100
100
96 ■
99
95
100
971
99
99i
101*
100
Market Value.
$18,450 00
3,585 00
33,100 00
124,537 50
12,600 00
30,937 50
16,875 00
16,800 00
7,122 50
1,010 00
1,020 00
1,080 00
4,020 00
4,030 00
4,035 00
5,050 00
5,062 50
3,041 25
20,000 00
47,125 00
27,250 00
28,093 75
18,000 00
52,250 00
18,400 00
20,400 00
24,500 00
20,625 00
24,625 00
23,000 00
24,500 00
49,500 00
30,000 00
30,000 00
14,250 00
27,375 00
50,000 00
28,875 00
25,000 00
32,000 00
19,200 00
22,770 00
47,500 00
50,000 00
48,750 00
17,820 00
74,437 50
20,300 00
50,000 00
NEWARK FIRE INSURANCE CO.
313
West Braddock Bridge Co. 5s, 1927,
Western Union Tel. Co. 4^s, 1950,
Book Value.
$23,000 00
25,000 00
$1,337,636 25
Rate.
98
99£
Market Value.
$22,540 00
24,875 00
$1,326,317 50
NEWARK FIRE INSURANCE COMPANY, NEWARK, N. J.
Incorporated Nov. 4, 1811. 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,
Interest on mortgage loans, $10,279.79; stocks and bonds, $19,-
140.51; deposits, $433.68, .
Rents, including company's own occupancy,
Profit on sale of ledger assets,
Total income, ....
Ledger assets, Dec. 31, 1905, .
Total, . . .
Disbursements
Net amount paid for fire losses,
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, $2,783 . 73 ; other taxes and fees, $9,227
Premiums on securities purchased, .
Agency balances charged off, .
Advertising, maps and stationery, .
Postage, express and telegrams,
Reduction in book value of bonds, .
Fire patrols, .....
All other disbursements,
Total disbursements,
Balance, .....
Ledger Assets.
Real estate, $32,000; mortgages, $252,630, :
Stocks and bonds (schedule A),
Cash in banks and office, ....
Agents' balances, ......
Total ledger assets, ....
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $3,605 . 73 ; bonds, $4,534 . 14, .
Rents due on company's property, . .
$320,197 38
29,853 98
8,976 64
1,465 75
•
$360,493
629,341
75
38
$989,835
13
$123,481 22
24,799 00
68,432 64
35,897 36
7,888 25
2,574 42
.29,
12,011
02
1,675
195
00
61
7,639
60
2,747
900
98
00
2,499
45
5,450
85
. $296,192 40
$693,642
73
•
. $284,630 00
336,201 25
33,199 79
39,611 69
$693,642 73
8,139 87
50 00
314
NEWARK FIRE INSURANCE CO.
Market value of real estate over book value,
Market value of stocks and bonds over book value,
Gross assets, ......
Assets not admitted.
Agents' balances over three months due, .
Total admitted assets*, ....
Liabilities.
Unpaid losses, including $6,500 resisted, .
Less reinsurance, ......
Unearned premiums on outstanding risks,
Dividends due stockholders, ....
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,
$118,000 00
90,043 75
,876 35
1,071 00
•
•
$908,805 35
$29,392
59
4,139
Tied,
50
$25,253 09
255,204 12
7,565 00
4,219 08
$292,241 29
616,564
06
250,000 00
366,564 06
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$42,547,158
36,823,494
,805 35
Premiums.
00 $397,248 67
00 387,420 94
$79,370,652 00
28,010,794 00
$51,359,858 00
4,475,935 00
$784,669 61
281,997 69
$502,671 92
34,214 11
$46,883,923 00 $468,457 81
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,
£6,529,483 00
3,285,356 00
124,850 00
1,040,577 00
25,000 00
42,460 00
Schedule A. Stocks and Bonds owned by the Company.
Stocks. Book Value. Rate. Market Value.
400 shares Morris & Essex, .... $20,000 00 182 $36,400 00
413 " N'l Newark B'k'g Co., Newark, N. J., 20,650 00 325 67,112 50
318 " Nat'l State Bank, Newark, N. J., . 15,900 00 210 33,390 00
County and Municipal Bonds.
Elizabeth, N. J., 4s, 1922, .... 15,000 00 100 15,000 00
Essex County, N. J., 4s, 1926, .... 35,000 00 102f 35,918 75
Hudson County, N. J., 4s, 1954, . . . 10,000 00 102£ 10,212 50
Newark, N. J.,' 4s, 1922, 4,000 00 103| 4,135 00
Railroad Bonds.
Easton & Amboy 5s, 1920, .... 10,50000 111£ 11,15000
Newark Passenger 5s, 1930, .... 38,600 00 111* 39,025 00
Trenton Passenger 6s, 1922, .... 11,30000 113 11,30000
West Shore 4s, 2361, 48,000 00 103£ 49,680 00
NEW BRUNSWICK FIRE INSURANCE CO.
315
Miscellaneous Bonds.
Elizabethtown Gas Light Co. 4£s, 1913,
Hackensack Water Co. 4s, 1952,
Hoboken Land & Improvement Co. 5s, 1910,
Hudson County Gas Co. 5s, 1949,
Newark Consolidated Gas Co. 5s, 1948,
Newark Gas Co. 6s, 1944,
Book Value.
Rate.
Market Value.
$8,000
00
100
$8,000
00
9,000
00
92
9,200
00
25,000
00
100i
25,031
25
20,000
00
104
20,800
00
30,487
50
106
31,800
00
14,763
75
134
18,090
00
$336,201
25
$426,245
00
NEW BRUNSWICK FIRE INSURANCE COMPANY, NEW
BRUNSWICK, N. J.
Incorporated Dee. 27, 1826. Commenced business May 1, 1832.
Paid-up Capital, $200,000.*
GEO. A. VIEHMANN, President. CHAS. D. ROSS, Secretary.
Home Office, S60 George Street.
Income.
Net fire premiums, $283,947 30
Interest on mortgage loans, $5,401 . 25 ; stocks and bonds, $7,-
788.36; all other, $1,060.93, 14,250 54
Profit on sale of stocks, ........ 588 00
Premium on increase in capital, ...... 135 00
From all other sources, . . . . . ; . . 51 75
Total income, .......
Ledger assets, Dec. 31, 1905, plus $200,000 increase in capital,
Total,
Disbursements.
Net amount paid for fire losses,
Dividends to stockholders, ....
Commissions or brokerage, . . . .
Salaries, fees, etc., of officers and employees,
Rents, .......
Taxes and fees, ......
Printing and stationery, .
Agency expenses, ......
Agents' balances charged off, ....
Maps, ........
All other disbursements, ....
Total disbursements,
Balance, ......
Mortgages, .
Stocks and bonds (schedule A),
Cash in banks,
Agents' balances, .
Ledger Assets.
972 59
499,314 73
$798,287 32
$190,168 66
7,473 00
60,157 62
9,899 99
720 00
8,955 91
3,285 80
21,233 17
11,493 99
1,224 60
11,073 88
$325,686 62
$472,600 70
$97,614 00
229,150 23
89,647 41
56,024 60
* Cash capital Dec. 31, 1905,
Increase of capital during 1906,
Total
$200,000 00
200,000 00
$400,000 00
200,000 00
Decrease in cash capital during 1906 without distribution of assets,
Cash capital Dec. 31, 1906, ........ $200,000 00
316
NEW BRUNSWICK FIRE INSURANCE CO.
Due from other company, . . . . . •
Deposited with Philadelphia Underwriters' Association,
Total ledger assets, ......
Non-Ledger Assets.
Interest accrued : —
On mortgages, $799.95; bonds, $1,070; other assets, $440,
Gross assets, . . . .
Assets not admitted
Agents' balances over three months due, .
Book value of stocks and bonds over market value,
Depreciation in book value of mortgage, .
Deposit with Phila. Underwriters' Association,
Due from unauthorized companies,
Total unadmitted assets,
Total admitted assets,
Liabilities.
Unpaid losses, including $2,456.72 resisted,
Less reinsurance, .....
Unearned premiums on outstanding risks,
Dividends due stockholders, . . .
Contingent commissions to agents, .
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$64 46
100 00
$472,600 70
2,309 95
.
$474,910 65
"TED.
$358 48
ne, 12,449 98
600 00'
100 00
64 46
13,572 92
"
"
$461,337 73
$18,863 06
1,130 99
$17,732 07
. «
153,170 40
. . . ■ .
56 23
.
6,829 60
$177,788 30
$283,549 43
.
200,000 00
•
83,549 43
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$6,302,486
29,389,431
$461,337 73
Premiums.
00 $74,579 78
00 398,566 87
$35,691,917
14,006,302
00 $473,146 65
00 176,793 30
$21,685,615
1,064,952
00 $296,353 35
00 15,590 31
$20,620,663 00 $280,763 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,
Company's stock owned by directors,
Schedule A. Stocks and Bonds owned by the
Railroad Stocks. Book Value.
100 shares Atch., Topeka & Santa Fe, preferred, . $10,225 00
200 " Southern, preferred, . . . 20,125 00
$1,008,823 00
477,038 00
203,586 00
546,259 00
7,500 00
100,375 00
Company.
Rate. Market Value.
99 $9,900 00
94 18,800 00
NEW HAMPSHIRE FIRE INSURANCE CO.
317
Bank Stocks.
50 shares N'l B'k of N. J., New Brunswick,
10 " Title Guaranty & Trust Co.,
8 " Trust Co. of Amer., New York, N. Y.
Miscellaneous Stocks.
3 shares General Adjustment Bureau,
50 " National Surety Co., .
County and Municipal Bonds.
Essex County, N. J., 4s, 1934, .
Jersey City, N. J., 4s, 1932,
New Brunswick, N. J., 4s, 1926,
New Brunswick, N. J., 4s, 1923,
New York, N. Y., 3£s, 1954,
Railroad Bonds.
Wabash Pittsburgh Terminal 2d mtge. 4s, 1954,
Miscellaneous Bonds.
American Tobacco Co. 4s, 1951,
Edison Elec. 111. Co., New Bruns., N. J., 6s, 1918,
Securities Co. 4s, ..... .
United States Steel 5s, 1963, ....
Book Value.
$11,120 00
6,225 00
5,700 00
Rate.
225
565
750
Market Value.
$11,250 00
5,650 00
6,000 00
150
6,612
00
50
100
180
150 00
9,000 00
27,509
1,021
3,500
4,000
89,810
03
92
00
00
63
103|
100
100
100
91f
25,843 75
1,000 00
3,500 00
4,000 00
82,237 50
6,693
75
32
4,800 00
16,000
6,422
4,060
9,975
00
40
00
00
74f
100
68
96f
14,950 00
6,000 00
3,944 00
9,675 00
$229,150
23
$216,700 25
NEW HAMPSHIRE FIRE INSURANCE COMPANY,
MANCHESTER, N. H.
Incorporated 1869. Commenced business April, 1870.
Paid-up Capital, $1,000,000.
FRANK W. SARGEANT, President
Home Office, 876 Elm Street
Income.
Net fire premiums,
FRANK E. MARTIN, ] Secretaries
LEWIS W. CROCKETT, / secretaries.
Interest on mortgage loans, $18,524.60; collaterals, $5,160.76
stocks and bonds, $136,337.70, .
Rents, ......
Profit on sale of stocks and bonds, .
Recovered on mortgage previously charged off,
Profit and loss, .....
Total income, ....
Ledger assets, Dec. 31, 1905, .
Total,
Disbursements.
Net amount paid for fire losses,
Dividends to stockholders,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents, ......
Repairs and expenses on real estate,
Real estate taxes, $3,637.36; other taxes and fees, $50,199.17,
Premium on securities purchased, .
Reduction in book value of ledger assets,
Advertising and printing,
Expenses of general agents and managers,
Furniture and fixtures, ....
Profit and loss, .....
Traveling expenses, ....
52,212,371 71
160,023 06
16,038 19
112 50
2,500 00
670 35
^2,391,715 81
3,342,530 28
,734,246
09
,278,171
07
100,000
00
528,813
63
81,928
29
1,449
47
6,475
63
53,836
53
14,946
72
4,309
68
15,485
89
25,142
38
6,453
09
4,907
49
29,325
90
318
NEW HAMPSHIRE FIRE INSURANCE CO.
Underwriters' boards and tariff,
All other disbursements, ....
Total disbursements, ....
Balance, ......
Ledger Assets.
Real estate, $163,260.79; mortgages, $270,750,
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, $3,543; bonds, $25,138.51; collateral loans, $472,
Market value of real estate over book value, . .
Market value of stocks and bonds over book value, .
Due from other companies, .......
Gross assets, .........
Assets not admitted
Special deposits, $11,100; liability in set off, $11,100.
Liabilities.
Unpaid losses, including $12,164 resisted, . $249,628 33
$24,907 50
21,949 38
$2,198,102 65
$3,536,143 44
$434,010 79
110,000 00
2,555,198 95
240,955 20
195,978 50
53,536,143 44
29,153 51
19,739 21
828,467 43
6,459 98
t,419,963 57
Less reinsurance,
36,780 60
Unearned premiums on outstanding risks, $1,721,306 67
Plus same on disallowed reinsurance, . . 386 69
Commissions and other charges due agents and brokers,
Due for return premiums, $32,722.60; reinsurance, $14,843 . 50, .
Reserve for contingencies, .......
Sinking fund for office building, ......
All liabilities, except capital and surplus, .
Surplus to policy holders, ....
Paid-up capital, ......
Surplus over capital and general liabilities,
!,365,798 94
$212,847 73
1,721,693 36
2,057 44
47,566 10
50,000 00
20,000 00
52,054,164 63
1,000,000 00
1,365,798 94
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, . .
Risks expired and terminated,
In force at end of year,
Amount reinsured, .
Net amount in force,
$262,950,926 00
211,700,187 00
$474,651,113 00
166,152,900 00
$308,498,213 00
19,443,943 00
$4,419,963 57
Premiums.
$3,116,984 53
2,619,232 94
$5,736,217 47
2,191,861 76
$3,544,355 71
208,557 09
$289,054,270 00 $3,335,798 62
NEW HAMPSHIRE FIRE INSURANCE CO.
319
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,
$28,538,903 00
15,872,651 00
1,292,710 00
1,871,858 00
100,000 00
188,700 00
100
128
100
100
25
Boston & Maine R.R., common,
Osceola Consolidated Mining Co.,
Pere Marquette R.R. Co., preferred,
American Woolen Co., common,
Chicago Junction Ry. Co., common,
Hartford, Conn., 3$s, 1955,
Schedule A. Securities held as Collateral.
Company's
Market Value.
$21,300 00
25,000 00
9,000 00
55,000 00
15,900 00 \
17,792 00 /
5,900 00
3,100 00
3,000 00 J
27,000 00
426 shares preferred stock Exeter Manufacturing Co.,
Exeter Manufacturing Co. 5s, 1914,
Kennebec Water Co. 3$s, 1910-25,
200 shares National Shawmut Bank, Boston,
Loaned
Thereon.
$25,000 00
25,000 00
25,000 00
10,000 00
25,000 00
$182,992 00 $110,000 00
Schedule B. Stocks and Bonds owned by the Company
Railroad Stocks.
15 shares Baltimore & Ohio, common,
100 " Baltimore & Ohio, preferred, .
200 " Boston & Albany, .
200 " Boston & Maine, common,
100 " Boston & Maine, preferred,
250 " Chic. Gt. Western debenture, .
200 " Ch. Jc. Rys. & U. St. Yds. Co., pref.
196nhi" Chic, Mil. & St. Paul, common,
200 " Chic, Mil. & St. Paul, preferred,
396 rights Chic, Milwaukee & St. Paul,
Subscrip. to 99 sh. C, M. & St. P., com. (10% pd.)
Sub. to 198 sh. C., M. & St. P., pref. (10% pd.),
636 shares Chicago & Northwestern, common,
33 " Chicago, Rock Isl. & Pacific, .
150 " Concord & Montreal, class 1, .
25 " Concord & Montreal, class 2, .
200 " Concord & Montreal, class 4, .
360 " Delaware & Hudson Canal Co.,
100 " Fitchburg, preferred,
800 " Illinois Central,
100 " Maine Central,
1,0001 " N. Y. Central & Hudson River,
440 " N. Y., New Haven & Hartford,
130 " Northern New Hampshire,
50 " Norwich & Worcester, preferred,
260 " Pemigewasset Valley,
2,000 " Pennsylvania,
200 " Pitts., Ft. Wayne & Chic, guar.,
40 " Suncook Valley, .
Bank Stocks.
10 shares Exeter Banking Co., N. H.,
80 " First Nat'l, Concord, N. H., .
50 " First N'l, Peterborough, N. H.,
24 " Laconia Nat'l, N. H., .
50 " Lancaster Nat'l, N. H., .
130 " Merchants' N'l, Manchester, N. H.,
60 " Pemigew. N'l, Plymouth, N. H.,
Miscellaneous Stocks.
100 shares Adams Express Co.,
200 " American Express Co., .
300 " American Sugar Ref. Co., preferred,
680 " American Tel. & Tel. Co.,' .
Book Value.
$1,500 00
8,650 00
20,000 00
20,000 00
10,000 00
23,125 00
20,000 00
16,781 00
20,000 00
990 00
1,980 00
63,600 00
3,300 00
15,000 00
2,500 00
20,000 00
36,000 00
9,200 00
79,973 60
10,000 00
100,020 00
44,000 00
13,000 00
5,000 00
26,000 00
100,000 00
20,000 00
4,000 00
1,000 00
8,000 00
5,000 00
2,400 00
5,000 00
13,000 00
6,000 00
5,000 00
20,000 00
30,000 00
68,000 00
Rate.
119$
92^
239$
161
165
80
120
148|
162|
33$
100
100
198i
150
187f
187f
187f
222
133
165$
200
131
190$
156
226
145
138|
173
110
180
300
137
105
125
125
200
296
240
130
133*
Market Value.
$1,792 50
9,225 00
47,900 00
32,200 00
16,500 00
20,000 00
24,000 00
29,188 43
32,550 00
13,266 00
990 00
1,980 00
126,087 00
4,950 00
28,162 50
4,693 75
37,550 00
79,920 00
13,300 00
132,400 00
20,000 00
131,026 20
83,820 00
20,280 00
11,300 00
37,700 00
138,375 00
34,600 00
4,400 00
1,800 00
24,000 00
6,850 00
2,520 00
6,250 00
16,250 00
12,000 00
29,600 00
48,000 00
39,000 00
90,780 00
320
NEW HAMPSHIRE FIRE INSURANCE CO.
42* shares Amoskeag Mfg. Co., Manches., N. H
3 " General Adj. Bureau, New York,
21 " Manchester, N. H., Gas Light Co.,
300 " Mass. Gas Co., preferred,
100 " Nashua C, G. & C. P. Co., pref., N. H
500 " Pullman Palace Car Co.,
10 " Underw. Sal. Co., Chicago, 111.,
4 " Underw. Sal. Co., New York, N. Y
1 share West. Adj. & Inspec. Co., Chic, 111.,
100 shares Western Union Telegraph Co.,
Government Bonds.
Japanese 4*s, 1925, ....
United States 4s, 1907, .
State, County and Municipal Bonds.
Columbus, O., 5s, 1914,
Concord, N. H., 4s, 1922, .
Concord, N. H., 3*s, 1923,
East Portland, Ore., 6s, 1921, .
Georgia 4*s, 1915, .
Hillsborough County, N. H., 4s, 1915,
Rockingham County, N. H., 4s, 1918,
Saginaw, Mich., 4s, 1924, .
Santa Barbara, Cal., 4*s, 1934, opt. 1915,
Seattle, Wash., 5s, 1911, .
Railroad Bonds.
Atch., Topeka & Santa Fe adjustment 4s, 1995,
Bangor & Aroostook 4s, 1951, .
Boston, Concord & Montreal 6s, 1911,
Brooklyn Rapid Transit 4s, 2002,
Central of New Jersev 5s, 1987,
Chic, Burl. & Quincy (Den. Ex.) 4s, 1922,
Chic, Burl. & Quincy (111. Div.) 3*s, 1949,
Chicago Junction 4s, 1945,
Chicago, Milwaukee & St. Paul 3*s, 1989,
Cin., Richmond & Muncie 5s, 1950,
Columbia & Greenville 6s, 1916,
Concord & Montreal 4s, 1920, .
Concord & Montreal 3*s, 1920, .
Del. & Hudson Co. convertible 4s, 1916,
Fitchburg 4s, 1927, ....
Gr. Rapids, Belding & Saginaw 5s, 1924,
Interborough Rapid Transit 4s, 1908,
Lake Shore &-Mich. Southern 4s, 1928,
Lehigh Valley Terminal 5s, 1941,
Manchester Trac, Lt. & Power Co. 5s, 1921,
Minn., St. Paul & Sault Ste. Marie 4s, 1938,
Missouri Pacific 6s, 1920, ....
Montana Central 5s, 1937,
N. Y. Central & Hudson River 4s, 1934,
N. Y., N. H. & Hart, convertible 3*s, 1956,
N. Y., N. H. & H. (Har. R. & Pt. Chester) 4s, 1954
N. Y., N. H. & Hartford notes, 5s, 1908, .
Nor. Pac-Gt. Nor. (C, B. & Q. col.) 4s, 1921,
Nor. Pac (St. Paul & Duluth) 4s, 1996,
Omaha Street 5s, 1914,
Oregon Short Line 4s, 1929,
Oregon Short Line 6s, 1922,
Oregon Short Line 5s, 1946,
Pennsvlvania Co. 4s, 1931,
St. L./Iron Mt. & So. (River & Gulf Div.) 4s, 1933
Toledo, St. Louis & Western 3*s, 1925,
Union Pacific 4s, 1947,
Utah & Northern 7s, 1908,
Watertown & Rome 6s, 1910,
Miscellaneous Bonds.
Adams Express Co. 4s, 1948,
American Locom. Co. time notes, 5s, 1908,
American Tel. & Tel. Co. 4s, 1929,
Berlin Mills Co. 5s, 1920-25,
Central Loan & Land Co. 6s, 1898,
Great Northern Paper Co. 5s, 1927, .
Book Value.
$42,500 00
150 00
2,100 00
23,300 00
10,000 00
39,200 00
1,000 00
400 00
100 00
8,125 00
11,105 25
25,000 00
10,000 00
5,000 00
10,000 00
25,000 00
10,000 00
15,000 00
5,000 00
10,000 00
20,000 00
10,000 00
46,100 00
9,575 00
50,000 00
24,156 25
25,000 00
22,758 00
20,000 00
40,000 00
25,000 00
25,000 00
20,000 00
140,000 00
25,000
12,000
40,000
8,000
14,793 75
25,917 50
25,000 00
75,000 00
20,000 00
10,000 00
24,250 00
9,983 10
16,500 00
15,000 00
20,000 00
85,000 00
24,968 75
25,000 00
9,612 50
20,000 00
25,000 00
20,000 00
18,300 00
22,437 50
9,900 00
12,000 00
10,000 00
19,881 00
19,665 75
54,600 00
48,250 00
2,500 00
49,750 00
00
00
00
00
Rate.
240
100
675
85
80
182
100
100
100
84
90
101
106i
98^
98*
118
111
102*
102i
101
102*
103*
91f
96
107*
92
126
100
91f
99
93
107
112
101!
95*
107
1011
1041
97*
98
117*
105
99*
119*
1151
97f
112
104
100
96|
97
101
93i
121*
114*
97i
92
89
102
102|
105*
101*
100
90
100
8
105
Market Value.
$102,000 00
150 00
14,175 00
25,500 00
8,000 00
91,000 00
1,000 00
400 00
100 00
8,400 00
10,957 50
25,250 00
10,625 00
4,925 00
9,850 00
29,500 00
11,100 00
15,375 00
5,112 50
10,100 00
20,500 00
10,350 00
45,875 00
9,600 00
53,750 00
23,000 00
31,500 00
24,000 00
36,700 00
39,600 00
23,250 00
26,750 00
22,400 00
141,750 00
23,875 00
12,840 00
40,600 00
8,360 00
14,625 00
25,480 00
29,375 00
78,750 00
19,900 00
11,950 00
28,875 00
9,762 50
18,480 00
15,600 00
20,000 00
164,687 50
24,250 00
25,250 00
9,350 00
24,300 00
28,625 00
19,450 00
18,400 00
22,250 00
10,200 00
12,330 00
10,550 00
25,375 00
20,000 00
49,500 00
50,000 00
560 00
52,500 00
NEW JERSEY FIRE INSURANCE CO.
321
Metropolitan S.S. Co. 5s, 1930, .
Minneapolis Gas Light Co. 5s, 1930, .
Nat'l Lo. & Tr. Co. (Ser. A., $9,500) 6s, 1897,
Nat'l Lo. & Tr. Co. (Series B, $500) 6s, 1897,
People's Gas Lt. & Coke Co., Chicago, 5s, 1947,
Swift & Co., Chicago, 5s, 1914, .
Western Tel. & Tel. Co. 5s, 1932,
Western Union Telegraph Co. 5s, 1938,
Western Union Telegraph Co. 4s, 1936,
Book Value.
Rate.
Market Value.
$20,000 00
101
$20,200 00
50,000 00
100
50,000 00
• } 1,425 00 1
15
6
1,425 00
30 00
10,000 00
102i
10,250 00
25,000 00
102
25,500 00
16,000 00
99
15,840 00
25,000 00
103
25,750 00
875 00
87
870 00
$2,555,198 95
$3,383,666 38
NEW JERSEY FIRE INSURANCE COMPANY, CAMDEN, N. J.
Incorporated May, 1906. Commenced business May, 1906.
Paid-up Capital, $200,000.
JAS. McEVOY, President. . WM. H. STOOP, Secretary
Home Office, 309 Market Street.
Income.
Net fire premiums, . . . . ...
Interest on bonds, ........
Premium on capital stock, ......
Total income, ......
Ledger assets, May, 1906,
Total,
Disbursements.
Net amount paid for fire losses,
Commissions or brokerage,
Taxes and fees,
Adjustment expenses,
Advertising,
Organization expenses, .
Examination by New Jersey Insurance Department,
Total disbursements, ....
Balance, ......
Ledger Assets.
Bonds (schedule A), ...
Cash in banks, ......
Agents' balances, . . . .
Total ledger assets, . . ... ' .
Non-Ledger Assets.
Interest accrued : —
On bonds, $1,424'. 98; other assets, $1,810.96, .
Gross assets, . . . ...
Assets not admitted.
Book value of bonds over market value, .
Total admitted assets, ....
$451,318 78
2,083 96
50,000 00
$503,402 74
200,000 00
$703,402 74
,191 83
163,666 16
4,472 59
661 90
246 00
11,839 18
426 01
$262,503 67
$440,899 07
$280,502 50
95,470 53
64,926 04
$440,899 07
3,235 94
$444,135 01
1,642 50
$442,492 51
322
NIAGARA FIRE INSURANCE CO.
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,
$201,124 72
Total liabilities,
Risks and Premiums.
Fire risks written during 1906,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$35,069,525
7,021,852
$21,673 49
219,694 30
$241,367 79
200,000 00
1,124 72
$442,492 51
Premiums.
00 $546,764 39
00 124,188 22
$28,047,673
450,425
00 $422,576 17
00 7,061 13
$27,597,248 00 $415,515 04
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. Bonds owned
United States 2s, 1930,
Atch., Topeka & Santa Fe 4s, 1955, .
Atlantic Coast Line con v. mtge. 4s, 1952,
Chicago, Rock Isl. & Pacific 4s, 1934, .
Colorado & Southern 4s, 1929, .
Delaware & Hudson convertible 4s, 1916,
Pennsylvania col. notes, 4^s, 1907,
Southern Pacific 4s, 1955,
by the Company
Book Value.
$210,000 00
15,750 00
9,750 00
13,725 00
921 25
10,800 00
9,906 25
9,650 00
Rate.
104^
1041
96
90
91
107
100
941
$280,502 50
$451,319 00
81,192 00
102,865 00
170,000 00
Market Value.
$209,000 00
15,675 00
9,600 00
13,500 00
910 00
10,700 00
10,000 00
9,475 00
$278,860 00
NIAGARA FIRE INSURANCE COMPANY, NEW YORK, N. Y.
Incorporated July, 1850. Commenced business August, 1850.
Paid-up Capital, $750,000.
HAROLD HERRICK, President. GEORGE W. DEWEY, Secretary.
Home Office, J+6 Cedar Street.
Income.
Net fire premiums,
'50; stocks and bonds, $166,-
Interest on mortgage loans, $11,022
708.43; all other, $10,639.35,
Profit on sale of stocks and bonds,
Profit and loss,
Premium on increase in capital,
Total income, ........
Ledger assets, Dec. 31, 1905, plus $250,000 increase in capital,
53,068,938 66
188,370 28
74,311 83
87 92
750,000 00
54,081,708 69
4,863,576 66
Total,
1,945,285 35-
NIAGARA FIRE INSURANCE CO.
323
Disbursements.
Net amount paid for fire losses,
Dividends to stockholders, ....
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees,
Rents, .......
Taxes and fees, ......
Loss on sale of stocks and bonds,
Advertising, printing, stationery, etc.,
Legal expenses,
Furniture and fixtures,
Maps, .
Postage and telegrams,
Traveling expenses,
Underwriters' boards, patrol and salvage corporation
All other disbursements,
Ledger Assets.
Total disbursements,
Balance,
Mortgages, ....
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Total ledger assets,
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $4,108.33; stocks and bonds, $16,628.34; other
assets, $606.85, ........
Market value of stocks and bonds over book value, .
Gross assets,* .........
Assets not admitted.
Agents' balances over three months due, . $12,176 18
Special deposits less $58,679. 98 liability thereon, 41,970 02
Total unadmitted assets, . . .
$3,363,418 98
50,060 00
618,870 69
231,587 04
27,807 80
55,470 10
59,164 65
34,675 66
1,109 50
5,719 70
5,941 55
27,101 02
38,521 27
41,792 48
15,397 00
$4,576,637 44
$4,368,647 91
Total admitted assets,
Liabilities.
Unpaid losses, including $26,225 resisted,
Less reinsurance, .....
Unearned premiums on outstanding risks,
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
Total liabilities, ....
$240,000 00
3,509,421 15
181,024 92
438,201 84
54,368,647 91
21,343 52
61,990 60
,,451,982 03
54,146 20
$4,397,835 83
$267,082 24
34,109 40
,704,761 09
$232,972 84
2,460,101 90
£2,693,074 74
750,000 00
954,761 09
$4,397,835 83
* Including $375,000 special reserve held under New York law.
324
NIAGARA FIRE INSURANCE CO.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Risks and Premiums.
Premiums.
$440,196,854 00 $4,695,150 43
345,091,892 00 3,901,703 18
$785,288,746 00 $8,596,853 61
303,006,692 00 3,501,389 77
$482,282,054 00 $5,095,463 84
45,133,878 00 398,881 67
$437,148,176 00 $4,696,582 17
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, ...
$59,659,683 00
34,253,795 00
3,400,695 00
3,129,000 00
50,000 00
307,150 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
2,000 shares Atch., Top. & Santa Fe, preferred,
3,000 " Baltimore & Ohio, common,
500 " Central of New Jersey, .
400 " Ch., Mil. & St. P., pref. .
400 rights Chic, Mil. & St. Paul,
2,000 shares Chicago & Northwestern, common,
500 " Cleve., Lor. & Wheel., preferred,
200 " Cleveland & Pittsburg,
1,000 " Erie, 1st preferred,
1,000 " Lehigh Valley,
1,400 " Louisville & Nashville,
400 " Morris & Essex,
300 " N. Y., Lack. & Western,
500 " Northern Pacific, common,
500 " Pennsylvania,
100 " Pitts., Ft. W. & Chic, guaranteed,
100 " Rensselaer & Saratoga, .
1,000 " Southern Pacific, common,
1,000 " Southern Pacific, preferred,
500 " Southern, preferred,
500 " Union Pacific, common, .
1,500 " Union Pacific, pref erred, .
Bank Stocks.
350 shares Am. Ex. N'l, New York, N. Y.,
Miscellaneous Stocks.
2,500 shares Consol. Gas Co. of New York, .
544 " The Pullman Co., .
1,000 " U. S. Steel Corp., preferred, .
State and Municipal Bonds.
Georgia 4*s, 1915, .
Manchester, Va., 4s, 1935,
New Mexico 6s; 1919,
New York, N. Y., 3s, 1911,
New York, N. Y., 4s, 1936,
New York, N. Y., 3s, 1912,
New York, N. Y., 3*s, 1918,
New York, N. Y., 3*s, 1918,
Portland, Ore., 5s, 1923, .
Port of Portland, Ore., 5s, 1922,
Railroad Bonds.
Kansas City, Ft. Scott & Memphis 4s, 1936,
Book Value.
$200,371 98
337,925 35
81,562 50
41,034 06
307,885 08
53,911 11
18,837 50
82,150 77
77,512 50
205,345 00
37,200 00
34,682 50
93,418 06
36,661 25
18,886 25
19,700 00
93,375 00
115,122 89
49,282 21
88,708 34
133,876 67
42,000 00
464,539 84
99,177 04
103,816 67
11,392 50
25,031 25
11,275 00
200,000 00
84,460 00
50,000 00
38,572 00
13,500 20
12,100 00
48,000 00
60,095 13
Rate.
99
119*
219*
162f
33*
1981
108
177
75
154
143*
182
127|
185*
138|
173
200
92|
116*
94
180J
94
247
138
182
104f
111
94
103*
96"
lOlf
954
96*
96*
113
111
82
Market Value.
$198,000 00
358,500 00
109,750 00
65,100 00
13,400 00
396,500 00
54,000 00
17,700 00
75,000 00
77,000 00
200,375 00
36,400 00
38,212 50
92,625 00
34,593 75
17,300 00
20,000 00
92,750 00
116,500 00
47,000 00
90,125 00
141,000 00
86,450 00
345,000 00
99,008 00
104,375 00
11,100 00
23,500 00
10,350 00
192,000 00
83,537 50
47,750 00
38,600 00
13,510 00
11,300 00
44,400 00
61,500 00
THE NORTH BRITISH AND MERCANTILE INSURANCE CO.
325
Miscellaneous Bonds.
Hackensack Water Co. 4s, 1952,
Lake, 111., Gas Co. 6s, 1915, .
New York Gas, El. Lt., Ht. & Pow. Co. 4s, 1949,.
Book Value.
$48,875 00
20,300 00
48,837 50
5,509,421 15
Rate.
92
101
82
Market Value.
§46,000 00
20,200 00
41,000 00
33,571,411 75
THE XORTH 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. H. M. JACKSON, Asst. Secretary.
Home Office, 76 William Street.
Income.
Net fire premiums,
Interest on stocks and bonds, $32,369.84; all other, $774.05,
Profit on sale of stocks, . . . . • .
Total income, ........
Ledger assets, Dec. 31, 1905, ......
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, ......
Reduction in book value of bonds, .
Adjustment and appraisal expenses,
Advertising and stationery, ....
Postage, express, telegrams and exchange,
Underwriters' boards and protective associations,
All other disbursements, ....
Total disbursements, ....
Balance, .......
Ledger Assets.
Stocks and bonds (schedule A),
Cash in banks and office, .....
Agents' balances,
Deposit with Philadelphia Underwriters' Association,
Due from other companies, .....
Total ledger assets, . . .
Non-Ledger Assets.
Interest due and accrued on bonds, ....
Gross assets, .......
$227,677 52
33,143 89
51,356 29
$312,177 70
839,196 15
1,151,373 85
$54,689 51
20,000 00
57,053 67
5,568 89
1,800 00
5,520 19
475 00
1,100 92
1,585 13
646 73
3,189 10
396 89
$152,026 03
$999,347 82
$930,329 96
45,732 82
22,361 54
150 00
773 50
$999,347 82
4,817 50
$1,004,165 32
326
THE NORTH BRITISH AND MERCANTILE INSURANCE CO.
24
00
21
Assets not admitted.
Agents' balances over three months due, . . $211
Deposit with Philadelphia Underwriters' Ass 'n, . . 150
Book value of stocks and bonds over market value, . 38,581
Total unadmitted assets, ....
Total admitted assets, . . . .
Liabilities.
Unpaid losses, including 14,000 resisted, . . $35,941
Less reinsurance, ....... 15,350
Unearned premiums on outstanding risks,
All liabilities, except capital and surplus, ....
Surplus to policy holders, .... $765,123 99
Paid-up capital, .........
Surplus over capital and general liabilities, ....
Total liabilities,
38,942 45
$965,222 87
85
38 $20,591 47
179,507 41
$200,098 88
200,000 00
565,123 99
$965,222 87
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$45,474,078
48,784,045
Premiums.
00 $342,368 23
00 346,379 90
$94,258,123
39,495,457
00 $688,748 13
00 271,618 39
$54,762,666
9,099,728
00 $417,129 74
00 77,871 75
$45,662,938 00 $339,257 99
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,
$979,557 00
291,593 00
70,210 00
92,000 00
20,000 00
5,500 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value. Rate. Market Value.
500 shares Atch., Top. & Santa Fe, preferred, . $51,227 75 99 $49,500 00
200 " Baltimore & Ohio, preferred, . . 19,674 06 92^ 18,450 00
1,000 " Chic, Mil. & St. Paul, preferred, . 191,251 94 162| 162,750 00
100 " Chicago & Northwestern, preferred, . 19,862 03 230 - 23,000 00
400 " Erie, 1st preferred, . . . 31,403 31 75 30,000 00
600 " Hocking Valley, preferred, . . 53,069 83 93^ 56,100 00
1,000 " Reading, 1st preferred, . . . 44,410 74 90 45,000 00
1,000 " Southern, preferred, . . . 83,000 00 94 94,000 00
500 " Southern (Mobile & Ohio), . . 45,851 83 93 46,500 00
Miscellaneous Stocks.
2 shares General Adjust. Bureau, N. Y., . 100 00 100 100 00
State and Municipal Bonds.
Brooklyn, N. Y., 3£s, 1926, .... 52,897 00 94f 47,312 50
New York 3s, 1912, . . . . . . 51,040 00 100 50,000 00
New York, N. Y., 3s, 1907, .... 19,949 85 99i 19,850 00
New York, N. Y., 3s, 1914, .... 30,047 89 94 28,200 00
NORTHERN INSURANCE CO. OF NEW YORK.
327
Book Value.
New York, N. Y., 3*s, 1949, .... $28,343 48
New York, N. Y., 3£s, 1937, .... 26,784 00
New York, N. Y., 3*s, 1929, .... 56,185 00
Railroad Bonds.
Chicago & Western Indiana 4s, 1952, . . 50,000 00
N. Y. Central & Hudson R. 3£s, 1997, . . 27,675 00
North. Pac. & Gt. North. (O, B. & Q. coll.) 4s, 1921, 47,556 25
$930,329 96
Rate. Market Value.
9 If $22,937 50
93 23,250 00
94£ 49,886 25
97 48,500 00
93i 27,975 00
96£ 48,437 50
$891,748 75
NORTHERN INSURANCE COMPANY OF NEW YORK,
NEW YORK, N. Y.
Incorporated Oct. 22, 1897. Commenced business Oct. 25, 1897.
Paid-up Capital, $350,000.
LEANDER N. LOVELL, President. JAMES MARSHALL, Secretary.
Home Office, 50 Pine Street
Income.
Net fire premiums, ....
Interest on stocks and bonds,
Rents, ......
Profit on sale of real estate, .
Total income, .....
Ledger assets, Dec. 31, 1905, .
Total,
Disbursements
Net amount paid for fire losses,
Dividends to stockholders,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents, ......
Repairs and expenses on real estate,
Real estate taxes, $1,282.88; other taxes and
All other disbursements,
Total disbursements,
Balance, .....
Mortgages, .
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Ledger Assets
fees,
Total ledger assets,
Interest due on bonds, .
Due from other companies,
Gross assets, .
^n-Ledger Assets.
$17,557.95
$482,489 46
24,926 10
2,750 00
57,000 00
$567,165 56
770,774 91
1,337,940 47
$232,867 27
17,512 50
170,367 03
275 00
4,000 00
992 56
18,840 83
524 51
$445,379 70
$892,560 77
$30,000 00
764,334 15
33,389 05
64,837 57
$892,560 77
$2,000 00
760 20
5,320 97
328
NORTHERN INSURANCE CO. OF NEW YORK.
Assets not admitted.
Book value of stocks and bonds over marke
t value, .
$33,815 40
Total admitted assets,
.
.
$861,505 57
Liabilities.
Unpaid losses, including $2,993 resisted,
$50,998 69
Less reinsurance, .....
14,030
02
$36,968 67
Unearned premiums on outstanding risks,
$364,350 68
Plus same on disallowed reinsurance,
1,908
86
366,259 54
Due for reinsurance, ....
is, .
•
3,042 99
All liabilities, except capital and surplu
$406,271 20
Surplus to policy holders,
$455,234 37
Paid-up capital, .....
.
.
350,000 00
Surplus over capital and general liabilities,
.
•
105,234 37
Total liabilities, ....
.
$861,505 57
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1905,
. $58,165,785 00
$650,547 74
Fire risks written during 1906,
. 63,835,618 00
. $122,001,403 00 $
660,253 75
Total, . . .
1,310,801 49
Risks expired and terminated,
. 52,754,902
00
575,365 21
In force at end of year, ....
. $69,246,501
00
$735,436 28
Amount reinsured,
3,923,372
00
51,398 57
Net amount in force,
. $65,323,129 00
$684,037 71
Miscellaneous.
Premiums received from organization of company, .
. $2,925,716 00
Losses paid from organization of company,
1,675,117 00
Fire losses incurred during the year,
231,440 00
Cash dividends declared from organization of company,
65,750 00
Dividends declared during the year (5 per cent.),
17,500 00
Company's stock owned by directors,
.
,148,000 00
Schedule A. Stocks and Bonds
OWNED BY THE
Company.
Railroad Stocks.
Book Value.
Rate.
Market Value.
500 shares Atch., Top. & Santa F6, preferred,
$49,250 00
99
$49,500 00
100 " Baltimore & Ohio, preferred, .
9,312 50
92i
9,225 00
300 " Chicago, Mil. & St. Paul, preferred,
49,237 50
162f
48,825 00
500 " Lehigh Valley,
39,568 75
154
38,500 00
100 " Manhattan, ....
14,412 50
142f
14,275 00
1,000 " Pennsylvania,
72,431 25
138|
69,187 50
400 " Reading, 1st preferred, .
18,150 00
90
18,000 00
200 " Southern, preferred,
19,350 00
94
18,800 00
500 " Union Pacific, preferred,
46,462 50
94
47,000 00
Municipal Bonds.
New York, N. Y., 3$s, 1915,
26,580 15
96f
24,156 25
New York, N. Y., 3£s, 1916,
26,617 72
96*
24,218 75
New York, N. Y., 3*s, 1954,
191,393 40
9lf
173,612 50
Railroad Bonds.
Ann Arbor 4s, 1995, .
19,480 00
94
18,800 00
Atch., Top. & Santa Fe adjustment 4s, 1995,
18,952 50
91f
18,350 00
Atchison, Topeka & Santa F6 4s, 1955,
10,203 16
104}
10,450 00
Atlantic Coast Line (L. & N. coll.) 4s, 1952,
19,262 22
89
17,800 00
Baltimore & Ohio (So. Western Div.) 3£s, 1925, .
Central Pacific 1st refunding 4s, 1949,
Lake Shore & Michigan Southern 4s, 1928,
New York Central & Hudson River 4s, 1934,
North. Pac.-Gt. North. (C, B. & Q. coll.) 4s, 1921,
Oregon Short Line 4s, 1929, ....
Southern Pacific 4s, 1955, ....
SURANCE CO.
329
Book Value.
Rate.
Market Value.
$9,150 00
90£
$9,050 00
20,263 75
981
19,775 00
20,262 50
98
19,600 00
20,175 00
97f
19,525 00
24,718 75
961
24,218 75
19,600 00
93£
18,700 00
19,500 00
94f
18,950 00
$764,334 15
$730,518 75
,579,527 11
31,801 24
55,107 77
18 75
4,133 70
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, 93 William Street.
Income.
Net fire premiums, ........
Interest on mortgage loans, $8,389.09; collaterals, $311; stocks
and bonds, $16,565; all other, $6,536.15, ....
Rents, including company's own occupancy, . . . .
Profit on sale of bonds, ........
New York City taxes refunded,
Total income, .....
Ledger assets, Dec. 31, 1905, . .
Total, . . . ...
Disbursements.
Net amount paid for fire losses,
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, $351.90; other taxes and fees, $28,742.85,
Loss on sale of bonds, .....
Reduction in book value of securities,
Advertising and stationery, ....
Legal expenses, ......
Furniture and fixtures, .....
Maps, ........
Patrol, .......
All other disbursements, . . .
Total disbursements, ....
Balance, ......
Ledger Assets.
Real estate, $523,338.71; mortgages, $194,900,
Stocks and bonds (schedule A),
Cash in banks and office, ....
Agents' balances, . . . . ...
Counter premiums in course of collection,
Total ledger assets, .... . $1,786,725 17
•
$1,670,588 57
1,837,283 57
•
$3,507,872 14
•
$1,033,554 43
32,635 75
398,250 30
116,862 76
25,053 96
3,742.85,
23,726 34
29,094 75
375 00
.
14,470 00
•
10,442 08
2,240 00
4,172 06
3,936 95
6,006 90
•
20,325 69
•
$1,721,146 97
•
$1,786,725 17
$718,238 71
512,437 24
136,922 58
301,609 96
117,516 68
330
THE NORTH RIVER INSURANCE CO.
Non-Ledger Assets.
Interest accrued : —
On mortgages, $3,166.47; bonds, $2,382.90, .
Rents accrued on company's property,
Market value of real estate over book value,
Due from other companies, ....
Gross assets, ......
Assets not admitted.
Agents' balances over three months due, .
Special deposits less $32,386 liability thereon, .
Due from unauthorized companies,
Book value of stocks and bonds over market value,
Total unadmitted assets, . . . -
$14,543 22
3,260 88
1,692 65
47,398 48
Total admitted assets,
Liabilities.
.1,350 resisted,
$145,147 98
25,151 61
Unpaid losses, including
Less reinsurance, .....
Unearned premiums on outstanding risks,
Dividends due stockholders, ......
Salaries and other miscellaneous expenses, due or accrued,
Commissions and other charges due agents and brokers,
Due for return premiums, $6,646.42; reinsurance, $22,249.57,
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$545,085 09
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$184,165,516 00
215,070,862 00
$5,549 37
6,777 62
86,661 29
10,368 32
,896,081 77
66,895 23
.,829,186 54
$119,996 37
1,092,861 34
6,842 50
' 6,802 94
28,702 31
28,895 99
51,284,101 45
350,000 00
195,085 09
51,829,186 54
Premiums.
51,980,795 71
2,460,888 71
$399,236,378 00 $4,441,684 42
174,701,320 00 1,940,206 87
$224,535,058 00 $2,501,477 55
40,340,445 00 422,952 75
$184,194,613 00 $2,078,524 80
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,
.1,514,725 00
5,409,445 00
1,070,711 00
2,875,250 00
35,000 00
142,025 00
NORTHWESTERN NATIONAL INSURANCE CO,
331
Schedule A. Stocks and Bonds owned by the Company.
Stocks.
100 shares St. Lo. & San Fran., 1st preferred,
20 " Washington Tr. Co., New York, N. Y.,
100 " Consolidated Gas, New York, N. Y., .
Government Bonds.
United States 4s, 1925,
Municipal Bonds.
New York, N. Y., 2*s, 1929,
New York, N. Y., 3£s, 1915,
New York, N. Y., 3^s, 1915,
New York, N. Y., 3*s, 1916,
New York, N. Y., 3s, 1914,
New York, N. Y., 3s, 1925,
New York, N. Y., 3s, 1920,
New York, N. Y., 3s, 1914,
New York, N. Y., 3^s, 1928,
New York, N. Y., 3£s, 1929,
Railroad Bonds.
Missouri Pacific 5s, 1920, ....
St. L., Iron Mt. & So. (Riv. Gulf Div.) 4s, 1933,
Book Value.
Rate.
Market Value.
$8,275
00
68
$6,800 00
8,000
00
400
8,000 00
15,762
50
138
13,800 00
36,475
00
129f
35,646 88
89,230
48
79£
79,500 00
30,000
00
96£
28,987 50
49,845
41
96f
45,413 75
35,154
42
96f
31,968 75
27,704
75
94
25,850 00
22,667
51
88f
19,884 38
49,882
88
901
45,437 50
14,680
99
94
14,100 00
55,263
70
94^
47,125 00
44,198
77
94£
37,650 00
16,087
50
104^
15,675 00
9,208
33
92
9,200 00
$51*2,437
24
$465,038 76
NORTHWESTERN NATIONAL INSURANCE COMPANY OF MIL-
WAUKEE, WISCONSIN, MILWAUKEE, WIS.
Incorporated Feb. 20, 1869. Commenced business July 1, 1869.
Paid-up Capital, $1,000,000.
WILFORD M. PATTON, President. JOSEPH HUEBL, Secretary.
Home Office, Northwest Corner of Wisconsin and Jackson Streets.
Income.
Net premiums, .......
Interest on mortgage loans, $43,389.68; stocks and bonds,
015.93; deposits, $3,546.22, ....
Profit on sale of bonds, ......
,750,985 18
154,951 83
525 41
Total income, .......
Ledger assets, Dec. 31, 1905, plus $400,000 increase in capital,
Total, . . ..
Disbursements.
Net amount paid for fire losses, $1,129,096.09; marine,
712.25,
Dividends to stockholders,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Real estate taxes, $2,422.71; other taxes and fees, $68,816
Loss on maturity of bonds,
Agents' balances charged off, .
Advertising, printing and supplies, . . '.
Agency expenses, .....
Exchange, ......
Postage, ......
Miscellaneous expenses, ....
Total disbursements,
Balance, .....
.84,
51,906,462 42
4,536,016 30
56,442,478 72
$1,145,808 34
90,000 00
470,610 57
168,440 56
71,239 55
144 85
215 22
17,197 39
34,009 43
1,409 77
13,399 33
20,827 64
$2,033,302 65
$4,409,176 07
332
NORTHWESTERN NATIONAL INSURANCE CO.
Ledger Assets.
Real estate, $236,618.55; mortgages, $918,300,
Stocks and bonds (schedule A),
Cash in banks and office, ....
Agents' balances, ......
Furniture and fixtures, .....
Total ledger assets, ....
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $7,140.87; bonds, $12,833.27, .
Gross assets, . . . .
Assets not admitted.
Furniture and fixtures, .....
Agents' balances over three months due, .
Special deposits less $13, 779. 29 liability thereon,
Book value of stocks and bonds over market value,
Total unadmitted assets, . . . -
51,154,918 55
2,861,641 40
166,680 54
211,974 66
13,960 92
54,409,176 07
19,974 14
L,429,150 21
$13,960 92
1,203 34
38,470 71
44,978 90
Total admitted assets,
Liabilities.
Unpaid losses, including $9,450 resisted,
Less reinsurance, .....
Unearned premiums on outstanding risks,
Plus same on disallowed reinsurance,
Salaries and other miscellaneous expenses, due
Due for reinsurance, ....
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$110,760 46
6,806 04
$2,113,581 91
1,306 07
or accrued,
!,104,794 88
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Marine risks outstanding Dec. 31, 1905,
Additional premiums received during 1906,
Total,
Risks expired and terminated,
$387,737,924 00
207,260,548 00
$594,998,472 00
160,276,260 00
$434,722,212 00
19,389,140 00
$415,333,072 00
$1,232,057 00
51,232,057 00
1,232,057 00
98,613 87
t,330,536 34
$103,954 42
2,114,887 98
5,399 06
1,500 00
52,225,741 46
1,000,000 00
1,104,794 88
54,330,536 34
Premiums.
53,712,685 15
2,035,467 15
55,748,152 30
-1,604,939 18
1,143,213 12
184,087 44
1,959,125 68
$22,687 71
861 12
$23,548 83
23,548 33
ORIENT INSURANCE CO.
333
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,
Company's stock owned by directors,
Schedule A. Stocks and Bonds owned by the
Stocks.
5 shares Underwriters' Salvage Co., Chicago, 111.,
Government Bonds.
United States 2s, 1930, ....
Municipal Bonds.
Chicago, 111., Sanitary District 5s, 1908,
Milwaukee, Wis., 4s, 1907,
Milwaukee, Wis., 5s, 1907-16, .
Waukesha, Wis., 5s, 1910,
Railroad Bonds.
Atch., Top. & Santa Fe general mortg. 4s, 1995,
Baltimore & Ohio 4s, 1948,
Baltimore & Ohio prior lien 3^-s, 1925,
Baltimore & Ohio (S. W. Division) 3£s, 1925,
Chicago & Alton 3^s, 1950,
Chicago, Burlington & Quincy (111. Div.) 4s, 1949,
Chic, Bur. & Quincy (N. P. & Gt. N.) 4s, 1921,
Chicago & Eastern Illinois 5s, 1937, .
Chicago & Erie 5s, 1982, ....
Chicago, Milwaukee & St. Paul 4s, 1989,
Chic, Mil. & St. P. (Chic. & Pac Div.) 6s, 1910,
Chic, Mil. & St. P. (M. & N. Div.) 6s, 1913,
Chic, St. Paul, Minn. & Omaha 6s, 1930, .
Chic. & Northwest. (M., L. S. & W. Div.) 6s, 1921
Chicago & Northwestern (N. W. Union) 7s, 1917,
Chicago & Northwestern 5s, 1933,
Chicago, Rock Island & Pacific 4s, 1934,
Chicago & Western Indiana 4s, 1952,
Elgin, Joliet & Eastern 5s, 1941,
Flint & Pere Marquette (Pt. Huron Div.) 5s, 1939
Lake Shore & Michigan Southern 4s, 1928,
Mason City & Ft. Dodge 4s, 1955,
Norfolk & W. Pocahontas joint 4s, 1941,
Northern Pacific 4s, 1997,
Oregon Short Line 4s, 1929,
Pittsburg, O, C. & St. L. 4s, 1945,
Pennsvlvania convert. 3^s, 1915,
Southern 5s, 1994, . .
Southern Pacific 4s, 1955,
St. L., Iron Mt. & So. (R. & G. Div.) 4s, 1933,
Union Pacific 4s, 1947, ....
Wisconsin Central 4s, 1949, . ' .
Book Value.
$500 00
51,849 59
52,526 36
2,028 14
21,448 42
32,200 00
89,463 25
47,813 18
50,288 89
22,656 25
82,937 50
107,514 17
46,593 75
120.262 50
58,562 50
104,012 48
58,962 50
53,750 00
140,075 70
58,000 00
71,324 45
117,825 00
96,375 49
100,150 41
57,234 75
57,250 00
100,000 00
91,398 22
94,073 10
102,750 00
95,187 50
107,132 70
94,643 75
101.263 75
96,152 10
92,250 00
94,937 50
90,247 50
5,861,641 40
$25,605,581 00
12,241,406 00
1,165,209 00
2,094,000 00
174,000 00
90,000 00
466,900 00
Company.
Rate. Market Value.
100 $500 00
1041
100^
100
105
102
100
lOOf
92i
90i
75^
102i
96£
116
116i
106i
106^
111*
130
122
125^
1121
90
97
115
108
98
91*
91i
102
93^
1001
93
113f
94f
92
102
52,250 00
50,250 00
2,000 00
21,000 00
30,600 00
100,000 00
50,375 00
46,125 00
22,625 00
75,500 00
102,125 00
48,437 50
116,000 00
58,250 00
106,125 00
53,250 00
55,750 00
130,000 00
61,000 00
62,750 00
112,500 00
90,000 00
97,000 00
57,500 00
54,000 00
98,000 00
91,500 00
91,250 00
102,000 00
93,500 00
100,500 00
93,000 00
113,750 00
94,750 00
92,000 00
102,000 00
88,500 00
J,816,662 50
ORIENT INSURANCE COMPANY, HARTFORD, CONN.
Incorporated June 28, 1867. Commenced business January, 1872.
Paid-up Capital, $500,000.
ARCHIBALD G. McILWAINE, Jr., President. HENRY W. GRAY, Jr., Secretary.
Home Office, 20 Trinity Street.
Income.
Net fire premiums, $1,214,286 56
Interest on stocks and bonds, $64,887.55; all other, $4,212.47, 69,100 02
334
ORIENT INSURANCE CO.
Rents, including company's own occupancy,
Profit on sale of stocks and bonds, .....
Stockholders' contribution to surplus, ....
Advanced by home office London and Lancashire Fire Ins. Co.,
Total income, ........
Ledger assets, Dec. 31, 1905, ......
Total,
Disbursements.
Net amount paid for fire losses, .....
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, $3,264; other taxes and fees, $34,367.38,
Loss on sale of stocks and bonds, .....
Advertising, printing and stationery, ....
Furniture and fixtures, .......
Maps, surveys, boards and associations, ....
Postage, telegrams and exchange, .....
Returned to home office London and Lancashire Fire Ins. Co.,
All other disbursements, .
Total disbursements, ......
Ledger Assets.
Balance,
Real estate, ....
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Bills receivable,
All other ledger assets, .
Total ledger assets, ....
Non-Ledger Assets.
Interest due and accrued on bonds, .
Due from other companies, ....
Gross assets, ......
Assets not admitted.
Agents' balances over three months due,
Special deposits less $37,379.05 liability thereon,
Due from unauthorized companies,
Book value of stocks and bonds over market value,
Total unadmitted assets,
Total admitted assets,
Liabilities.
Unpaid losses, including $18,997 resisted,
Less reinsurance,
$9,000 00
48,982 09
83,000 00
217,000 00
51,641,368 67
2,356,939 43
53,998,308 10
$1,256,246 35
50,000 00
261,248 69
61,553 13
7,906 16
2,910 12
37,631 38
14,560 09
12,863 68
1,250 94
20,650 00
8,789 39
217,000 00
16,262 47
$1,968,872 40
$2,029,435 70
$159,414 67
1,468,722 56
195,676 76
201,487 67
3,327 93
806 11
52,029,435 70
21,810 74
36,088 45
1,087,334 89
$6,512 53
69,975 58
2,633 80
3,380 56
$223,471 89
48,717 49
82,372 47
!,004,832 42
$174,754 40
ORIENT INSURANCE CO.
335
Unearned premiums on outstanding risks, . $1,084,720 42
Plus same on disallowed reinsurance, . . 138 43
Salaries and other miscellaneous expenses, due or accrued,
Due for return premiums, $1,276.55; reinsurance, $7,022.43,
All liabilities, except capital and surplus, .
Surplus to policy holders, . . " .
Paid-up capital, ......
Surplus over capital and general liabilities,
$730,272 56
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, . . ,. . • .
Risks expired and terminated,
In force at end of year, .
Amount reinsured, . .
. $185,396,607 00
. 142,435,299 00
. $327,831,906 00
. 127,824,255 00
. $200,007,651 00
. 20,424,066 00
$1,084,858 85
6,647 63
8,298 98
$1,274,559 86
500,000 00
230,272 56
$2,004,832 42
Premiums .
$2,129,436 24
1,722,622 69
$3,852,058 93
1,535,766 66
',316,292 27
252,559 04
Net amount in force,
$179,583,585 00 $2,063,733 23
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,
$28,845,332 00
18,366,966 00
1,311,408 00
1,690,000 00
100,000 00
50,000 00
5,500 00
Schedule A. Stocks and Bonds owned by the Company.
Stocks.
31 shares Chicago, Burl. & Quincy R.R., .
500 " N. Y., New Haven & Hart. R.R.,
152 " Mercantile Nat'l Bank, Hart., Conn.,
10 " Underwriters' Salvage Co.,
Government Bonds.
United States 4s, 1925, ....
State, County and Municipal Bonds.
Alexandria, Ind., 6s, 1907-10, .
Connecticut 3s, 1910,
Fayetteville, N. C, 5s, 1926,
Georgia 4^-s, 1915,
Glynn County, Ga., 5s, 1925,
Massachusetts 3^s, 1935, .
Middletown, Conn., 3£s, 1921, .
New Britain, Conn., 4s, 1933,
New Haven, Conn., 4s, 1910,
New London, Conn., 4s, 1924, .
Norfolk, Va., 5s, 1917,
Portland, Ore., 5s, 1923, .
Richmond, Va., 8s, 1907, 1908, 1909,
Rochester, N. Y., 3^s, 1913-33,
Rutland and Grafton District, 111., 6s, 1893,
Schenectady, N. Y., 4s, 1917-1918-1923,
Sioux Falls, S. Dak., 7s, 1907, .
South Norwalk, Conn., 4s, 1925,
Stamford, Conn., 4s, 1924,
Waterbury, Conn., 3^s, 1911-1915-1924,
Watertown, N. Y., 3*s, 1922, .
Book Value.
$3,100 00
62,287 60
1,491 65
1,000 00
13,537 50
5,614 40
5,020 00
10,000 00
26,750 00
10,000 00
224,000 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
1,000 00
23,330 60
13,780 00
26,903 00
27,100 00
5,000 00
4,966 50
Rate.
202
190^
100
129f
103
100
104f
111
109|
100|
96
101f
100
102^
1061
113
103|
96f
50
lOlf
100^
102J
lOlf
97|
96|
Market Value.
$6,262 00
95,250 00
1,000 00
12,962 50
5,665 00
5,000 00
10,475 00
27,750 00
10,937 50
201,750 00
11,520 00
25,406 25
10,000 00
5,125 00
21,300 00
56,500 00
24,870 00
24,156 25
500 00
22,385 00
13,065 00
25,562 50
25,437 50
4,862 50
4,831 25
336
PAWTUCKET MUTUAL FIRE INSURANCE CO.
Willimantic, Conn., 4s, 1925,
Yonkers, N. Y., 4s, 1923, ....
Railroad Bonds.
Atch., Top. & Santa Fe general mortg. 4s, 1995,
Atlantic Coast Line consol. mortgage 4s, 1952,
Brooklyn & Montauk 5s, 1938, .
Central of Ga. (Macon & N. Div.) 5s, 1946,
Central of New Jersey 5s, 1987,
Chic, Burl. & Quincv (111. Division) 3£s, 1949,
Chic, Mil. & St. P. (C. & P. W. Div.) 5s, 1921,
Chicago & Northwestern 5s, 1933,
Chicago, R. I. & Pacific 4s, 1988,
Cincinnati, Dayton & Ironton 5s, 1941,
Cincinnati Northern 4s, 1951,
C, C, Cincinnati & Indianapolis 7s, 1914,
C, C, Cincinnati & Indianapolis 6s, 1934,
Cleveland Terminal & Valley 4s, 1995,
Columbus & Toledo 4s, 1955,
Dayton & Michigan 5s, 1911,
Detroit, Grand Rapids & Western 4s, 1946,
East Tennessee, Virginia & Georgia 5s, 1956,
Georgia R.R. & Banking Co. 5s, 1922,
Illinois Central (Louisville Division) 3^-s, 1953,
Kanawha & Michigan 4s, 1990, .
Lehigh & New York 4s, 1945, .
Lehigh Valley Terminal 5s, 1941,
Minneapolis & St. Louis 5s, 1934,
Minneapolis & St. Louis 4s, 1949,
Morris & Essex 7s, 1915, .
Norfolk & Western 4s, 1996,
Ohio & West Virginia 7s, 1910, .
Philadelphia & Reading Terminal 5s, 1941,
Pittsburgh, Cleveland & Toledo 6s, 1922, .
Richmond & Danville 5s, 1927,
Savannah, Florida & Western 5s, 1934,
Terre Haute & Logansport 6s, 1910, .
Vermont Valley 5s, 1910, ....
West Chicago Street Railway Tunnel 5s, 1909,
West Shore 4s, 2361, . " . . ' .
Willmar & Sioux Falls 5s, 1938,
Miscellaneous Bonds.
First Baptist Church, Nashville, Tenn., 5s, 1906,
Book Value.
$20,723 00
26,742 50
9,850 62
23,250 00
22,193 06
18,500 00
80,600 00
48,625 00
58,657 50
29,093 75
20,329 20
9,550 00
2,000 00
31,880 00
10,270 00
10,000 00
15,602 50
26,250 00
9,790 37
• 14,286 67
11,112 50
19,000 00
20,250 00
9,075 00
13,080 00
10,471 50
20,000 00
12,500 00
9,325 19
3,547 50
10,462 50
■ 10,525 00
11,000 00
10,462 50
4,425 00
25,125 00
10,100 00
90,800 00
16,425 00
6,500 00
1,468,722 56
Rate.
10H
102f
100
96
106
113
126
91f
11H
im
99f
108f
92
119
132
98
99
100
92
116
106^
95J
96
117i
111
93
123
98^
108"
120f
122
110i
115
104
102
92
103^
116i
100
Market Value.
$20,300 00
25,593 75
10,000 00
24,000 00
20,140 00
22,600 00
81,900 00
50,462 50
55,750 00
28,125 00
19,950 00
10,875 00
1,840 00
29,750 00
13,200 00
9,800 00
12,870 00
25,000 00
9,200 00
17,400 00
10,650 00
18,250 00
23,875 00
9,600 00
14,100 00
11,100 00
18,600 00
12,300 00
9,850 00
3,240 00
12,062 50
12,200 00
11,050 00
11,500 00
4,160 00
25,500 00
9,200 00
82,800 00
17,475 00
6,500 00
$1,465,342 00
PAWTUCKET MUTUAL FIRE INSURANCE COMPANY,
PAWTUCKET, R. I.
Incorporated May, 1848. Commenced business February, 1849.
AUGUSTINE A. MANN, President. HOWARD A. FLETCHER, Secretary.
Office, 25 Maple Street.
Income.
Net premiums, $96,574.25; extra premiums, $875.65, . . $97,449 90
Interest on mortgage loans, $2,164.07; deposits, $2,015.17;
stocks and bonds, $8,370; all other, $285.94, . . .' 12,835 18
Rents, 380 00
Profit on sale of stocks and bonds, ...... 11,747 81
Total income, $122,412 89
Ledger assets, Dec. 31, 1905, 437,001 76
Total,
$559,414 65
PAWTUCKET MUTUAL FIRE INSURANCE CO.
337
i DISBURSEMENTS.
N et amount paid for losses, ......
Profits on terminated policies, .....
Commissions or brokerage, ......
Salaries, fees, etc., of officers and employees,
Rents, .........
Real estate taxes, SI, 190. 25; other taxes and fees, $2,120.01,
Adjusting, .........
All other disbursements, ......
Total disbursements, ......
Balance, ........
Ledger Assets.
Real estate, $36,347.83; mortgages, $37,320,
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, ....
Office furnishings,
Deposits in banks on interest,
Total ledger assets, .......
Assets not admitted.
Agents' balances over three months due, . . $911 17
Office furnishings, ...... 5,225 41
Book value of stocks and bonds over market value, . 3,017 60
Total unadmitted assets, ....
Total admitted assets, .......
Liabilities.
Unpaid losses, including $1,000 resisted,
Unearned premiums on outstanding risks, . $184,426 89
Plus same on disallowed reinsurance, . . 120 61
Dividends due policy holders,
Taxes accrued,
All liabilities, except surplus,
Surplus, ....
Total liabilities, .....
Risks and Premiums.
Amount.
Risks outst'ding Dec. 31, 1905, $26,546,743 00
Risks written during 1906, . 7,503,414 00
$42,945 93
33,583 58
13,558 49
8,830 69
930 00
3,316 26
606 45
4,456 10
$108,227 50
$451,187 15
873,667 83
303,269 60
8,373 66
5,366 27
5,225 41
55,284 38
$451,187 15
9,154 18
Cash Prem's.
$379,276 51
109,397 34
$442,032 97
$3,135 18
184,547 50
1,537 70
1,454 51
$190,674 89
251,358 08
$442,032 97
Conting't Prem's.
$379,276 51
109,397 34
Total, . . . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$34,050,157 00
7,855,674 00
$26,194,483 00
457,262 00
$488,673 85
116,277 95
$372,395 90
6,024 17
,673 85
116,277 95
$372,395 90
$25,737,221 00 $366,371 73
338
THE PELICAN ASSURANCE CO.
Miscellaneous.
Losses incurred during the year, ...... $42,594 00
Profits or surplus returned during 1906, 20, 30, 40 and 50 per cent.
Schedule A. Stocks, Bonds, etc.,
Railroad Stocks.
50 shares N. Y., Lackawanna & West, (guar.), .
280 " Pennsylvania, ....
49 " Providence & Worcester, .
50 " Rome, Watertown & Ogdensburg,
Miscellaneous Stocks.
10 shares American Screw Co., Providence, .
Bonds, etc.
Rhode Island 3s, 1936,
Rhode Island 3s, 1941,
Rhode Island Suburban R.R. 4s, 1950,
First Methodist Episcopal Church 6% note,
OWNED BY THE COMPANY.
Book Value. Rate. Market Value.
$7,037 50 127f $6,368 75
19,311 25 138f 19,372 50
4,704 00 288 14,112 00
7,037 50 127J 6,375 00
1,000 00
223,412 85
20,966 50
19,400 00
400 00
$303,269 60
175
97|
97|
93
100
1,750 00
213,798 75
19,475 00
18,600 00
400 00
$300,252 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, 1+7 Cedar Street.
Income.
Net fire premiums, $323,203 22
Interest on bonds, ........ 15,034 61
Increase in book value of bonds, ...... 4,519 73
Stockholders'" contribution to surplus, ..... 350,000 00
Total income, ....
Ledger assets, Dec. 31, 1905, .
Total,
Disbursements
Net amount paid for fire losses,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents, ......
Taxes and fees, .....
Reduction in book value of bonds, .
Advertising, printing and stationery,
Postage, express and telegrams,
All other disbursements,
Total disbursements,
Balance, .....
Ledger Assets
Bonds (schedule A),
Cash in banks,
Agents' balances, .
Total ledger assets,
$692,757 56
520,888 33
1,213,645 89
$576,057 92
75,030 19
8,847 31
354 09
8,120 54
21,147 21
1,815 60
1,405 16
6,185 67
$698,963 69
$514,682 20
$454,017 40
33,164 97
27,499 83
$514,682 20
THE PELICAN ASSURANCE CO.
339
Non-Ledger Assets.
Interest due and accrued on bonds,
Market value of bonds over book value, .
Due from other companies, ....
Gross assets, ......
Liabilities.
Unpaid losses, including $1,500 resisted, .
Less reinsurance, ......
$46,407 00
3,590 00
Unearned premiums on outstanding risks,
Salaries and other miscellaneous expenses, due or accrued,
Due for reinsurance, .......
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$262,860 66
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
in
Total, . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
$41,370,331 00
39,201,329 00
$80,571,660 00
37,153,741 00
$43,417,919 00
5,924,734 00
$2,363 60
2,166 10
14 00
$519,225 90
$42,817 00
210,400 33
73 75
3,074 16
$256,365 24
200,000 00
62,860 66
$519,225 90
Premiums.
$436,936 30
447,503 79
$884,440 09
413,527 56
$470,912 53
69,270 11
Net amount in force,
$37,493,185 00 $401,642 42
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. Bonds owned by the Company
Government Bonds. Book Value. Rate.
United States 2s, 1930, $208,000 00 104*
Municipal Bonds.
Brooklyn, N. Y., 3*8, 1937, .... 6,674 90 93
Brooklyn, N. Y., 3*s, 1926, .... 5,587 50 94$
Brooklyn, N. Y., 3*s, 1927, .... 3,720 00 94*
Brooklyn, N. Y., 3*s, 1925, .... 15.873 75 94*
Brooklyn, N. Y., 3*s, 1922, .... 8,482 50 95*
Brooklyn, N. Y., 3*s, 1923, .... 8,460 00 95*
Brooklyn, N. Y., 3*s, 1921, .... 8,505 00 95f
Brooklyn, N. Y., 3*s, 1924, .... 8,426 25 95
Brooklyn, N. Y., 3*s, 1928, , . . ... 4,637 50 94*
New York, N. Y., 3*s, 1954, .... 13,425 00 91 f
Railroad Bonds.
Atch., Top. & Santa Fe" general mortg. 4s, 1995, . 30,000 00 100
Baltimore & Ohio prior lien 3*s, 1925, . . 23,125 00 92*
Chicago, Milwaukee & St. Paul 4s, 1989, . . 20,800 00 106*
Gt. North., North. Pac. (C, B. & Q. coll.) 4s, 1921, 24,500 00 96*
$1,801,618 00
1,436,015 00
598,120 00
6,500 00
Market Value.
$209,000 00
6,812 25
5,677 50
3,780 00
16,128 75
8,595 00
8,572 50
8,617 50
8,550 00
4,712 50
13,706 25
30,000 00
23,062 50
21,225 00
24,218 75
340
PENNSYLVANIA FIRE INSURANCE CO.
N. Y. Cent. & H. (Lake Shore coll.) 3£s, 1998,
Union Pacific 4s, 1947, ....
Book Value.
$43,500 00
20,300 00
$454,017 40
Rate.
861
102
Market Value.
$43,125 00
20,400 00
$456,183 50
PENNSYLVANIA FIRE INSURANCE COMPANY, PHILADELPHIA, PA.
Incorporated March, 1825. Commenced business April, 1825.
Paid-up Capital, $750,000.
R. DALE BENSON, President. W. GARDNER CROWELL, Secretary.
Home Office, 510 Walnut Street.
Income.
Net fire premiums, . . $3,143,280 41
Deposit premiums on perpetual risks, ..... 67,110 16
Interest on mortgage loans, $21,509.48; collaterals, $27,599.47;
stocks and bonds, $205,473.22; all other, $9,602.52, . . 264,184 69
Rents, including company's own occupancy, .... 17,073 61
Profit on sale of ledger assets, ...... 85,289 41
Premium on increase in capital, ...... 1,050,000 00
Total income, .......
Ledger assets, Dec. 31, 1905, plus $350,000 increase in capital,
Total, .........
Disbursements.
Net amount paid for fire losses,
Deposit premiums returned, .
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, $2,871.55; other taxes and fees, $83,613.03,
Loss on sale of stocks and bonds, .
Printing and supplies, ....
Total disbursements,
Balance, . . .
Ledger Assets
Real estate, $209,538.03; mortgages, $295,000,
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, $3,229.95; collateral loans, $2,285.23,
Due from other companies, . .
54,626,938 28
7,291,591 99
.1,918,530 27
1,165,708 29
27,385 42
100,000 00
831,753 35
193,624 00
25,000 00
1,125 47
86,484 58
15,984 55
54,381 52
5,501,447 18
3,417,083 09
$504,538 03
1,098,000 00
3,234,786 40
970,661 26
609,097 40
£6,417,083 09
5,515 18
15,207 15
Gross assets,
>,437,805 42
PENNSYLVANIA FIRE INSURANCE CO,
341
Assets not admitted.
Agents' balances over three months due, . . $21,438 81
Special deposits less $46,685 . 01 liability thereon, 40,102 49
Book value of real estate over market value, . 50,038 03
Book value of stocks and b'ds over market value, 25,729 40
Loan on collateral, ..... 9,500 00
Total unadmitted assets, . . .
Total admitted assets,
Liabilities.
Unpaid losses, including $8,355.73 resisted,
Less reinsurance, .....
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$595,623 94
. 43,767 00
$2,076,246 67
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$537,591,388 00
336,772,597 00
$146,808 73
6,290,996 69
$551,856 94
2,745,469 85
917,423 23
£4,214,750 02
750,000 00
1,326,246 67
56,290,996 69
Premiums.
55,472,883 65
4,017,602 06
$874,363,985 00 $9,490,485 71
311,745,619 00 3,679,041 43
$562,618,366 00 $5,811,444 28
49,296,851 00 501,100 14
$513,321,515 00 $5,310,344 14
Perpetual risks in force (not incl'd above), $39,823,324 00 $1,009,437 34
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,
$59,588,822 00
33,072,327 00
4,517,290 00
3,849,000 00
100,000 00
103,200 00
Schedule A. Securities held as Collateral.
400 shares Union Pacific R.R., common, .
400 " United States Steel Co., preferred,
200 " United States Steel Co., common,
Reading Co. & Philadelphia & Read. Coal & I. Co
Lehigh Coal & Navigation Co. 4|s, 1924,
200 shares Lehigh Coal & Navigation Co.,
68 " Reading Railway Co., common,
5 " Provident Life & Trust Co., .
Midland Valley R.R. Co. 5s, 1954,
4s, 1997,
Company's
Market Value.
$71,600 00
41,600 00
9,600 00
6,060 00
10,400 00
20,200 00
4,488 00 J
4,000 00
120,000 00
Loaned
Thereon.
$100,000 00
30,000 00
3,000 00
100,000 00
342
PENNSYLVANIA FIRE INSURANCE CO.
16 shares First National Bank of Shippensburg, Pa.,
50 " Lehigh Coal & Navigation Co.,
200 " United Gas Improvement Co.,
500 " Equitable Illuminating Gas Light Co., preferred
1,000 " United States Steel Co., common,
500 " United Gas Improvement Co.,
Indianapolis Traction & Terminal Co. 5s, 1933, .
100 shares United Gas Improvement Co.,
100 " Indianapolis Street Railway Co.,
200 " Lehigh Coal & Navigation Co.,
100 " Equitable Illuminating Gas Light Co., preferred
Indianapolis Northern Traction Co. 5s, 1932,
200 shares Pennsylvania R.R. Company, .
100 " United Gas Improvement Co.,
191 " Bell Telephone Co., ....
200 " Reading Railway Co., common,
100 " Rock Island Railway Co., preferred,
50 " Lehigh Coal & Navigation Co.,
200 " Philadelphia Rapid Transit Co., preferred,
48 " Philadelphia Co., preferred, .
500 " Cambria Steel Co., ....
100 " Reading Railway Co., common,
100 " Electric Storage Battery Co., .
50 " Commonwealth Title Insurance & Trust Co.,
100 " Philadelphia Rapid Transit Co.,
25 " United Gas Improvement Co.,
140 " Philadelphia Electric Co.,
100 " Reading Railway Co., common,
100 " Lehigh Valley Railroad Co., .
Georgia Railway & Electric Co. 5s, 1912-20,
50 shares Pennsvlvania Steel Co., preferred,
1,000 " Philadelphia Rapid Transit Co.,
500 " Philadelphia Traction Co.,
500 " Lehigh Valley Railroad Co., .
Welsbach Company 5s, 1930, .....
Equitable Illuminating Gas Light Co. 5s, 1928,
105 shares Lehigh Coal & Navigation Co.,
3 " Commonwealth Title Insurance & Trust Co.,
Baltimore & Ohio prior lien 3-Js, 1925,
200 shares United States Steel Co., common,
100 " United Gas Improvement Co.,
1,000 " Philadelphia Rapid Transit Co.,
300 " Lehigh Valley Transit Co., preferred,
500 " Philadelphia & Erie Railroad Co., .
500 " United States Steel Co., preferred, .
500 " Central Leather Co., preferred,
1,300 " Amalgamated Copper Co.,
1,000 " United States Steel Co., common,
Citizens' Railway, Light & Power Co. 5s, 1940, .
78 shares United New Jersey Railroad & Canal Co.,
36 " Frankford & Southwark Passenger Railway Co.
Indianapolis Northern Traction Co. 5s, 1932,
67 shares Citizens' Passenger Railway Co.,
17 " Union Passenger Railway Co.,
36 " Second & Third Streets Passenger Railway Co.,
500 " United States Steel Co., common,
Philadelphia Electric 4s, 1949, .....
100 shares Norristown Trust Co., ....
100 " Grand Rapids Holland & L. Michigan R. R'y,
Company's
Market Value.
$3,328 00
5,050 00 "
18,600 00
54,000 00
48,000 00
46,500 00 '
13,950 00
9,300 00 '
11,400 00
20,200 00
10,000 00
13,950 00
13,800 00
9,300 00
10,123 00
13,200 00 )
6,400 00
5,050 00
4,000 00
2,204 00
18,500 00 1
6,600 00 \
6,600 00 J
14,850 00
2,000 00
2,325 00
980 00
6,600 00
7,800 00
10,300 00
5,200 00
20,000 00
48,000 00
39,000 00
7,300 00
1,080 00
10,605 00
891 00
15,040 00
9,600 00
9,300 00
20,000 00
7,500 00
34,000 00
52,000 00
49,500 00
146,900 00
48,000 00
12,600 00
19,712 00
15,624 00
26,040 00
22,780 00
3,910 00
10,440 00
24,000 00 j
2,040 00
20,000 00
Loaned
Thereon.
$2,000 00
100,000 00
50,000 00
50,000 00
25,000 00
25,000 00
25,000 00
10,000 00
25,000 00
100,000 00
900
00
5,000
00
25,000
00
50,000
00
200,000
00
50,000
00
50,000
00
50,000
00
1,600
11,000
9,500
00
00
00
$1,363,920 00 $1,098,000 00
Schedule B. Stocks and Bonds owned by the Company.
Railroad Stocks.
440 shares Bellefonte Central, .
210 " Grand Rapids & Indiana,
Bank Stocks.
200 shares Philadelphia National,
Miscellaneous Stocks.
14 shares Philadelphia Bourse,
Book Value.
520,150 00
18,501 00
19,165 12
700 00
Rate. Market Value.
16 $3,520 00
50 10,500 00
308
11
61,600 00
77 00
PENNSYLVANIA FIRE INSURANCE CO.
343
Government Bonds.
United States 4s, 1907, .
Municipal Bonds.
Dayton, O., 5s, 1912-15, .
Duluth, Minn., 4£s, 1927,
Lower Merion, Pa., 3£s, 1908, .
Portland, Ore., 5s, 1922 and 1925,
Port of Portland, Ore., 5s, 1922 and 1923,
Richmond, Va., 4s, 1926. .
Sewickley, Pa., School District 5s, 1912,
Sharpsburg, Pa., 4s, 1912-19, .
West Knoxville, Tenn., 6s, 1919,
Railroad Bonds.
Atch., Top. & Santa F6 (E. Okla. Div.) 4s, 1928,
Atlantic City 5s, 1919, ....
Atlantic Coast Line (L. & N. coll.) 4s, 1952,
Baltimore & Ohio prior lien 3^s, 1925,
Belief onte Central 5s, 1924,
Buffalo & Susquehanna 4s, 1951,
Central Pacific 3£s, 1929, .
Central Pacific 1st ref. 4s, 1949,
Central Pacific 4s, 1954, .
Chesapeake & Ohio 4-|s, 1992, .
Chesapeake & Ohio Car trust 4s, 1907-08,
Chesapeake & Ohio equip, notes Car tr. 4s, 1910,
Chicago & Western Indiana 4s, 1952,
Chicago & Northwestern 5s, 1929,
Chic, Ind. & St. Louis Short Line 4s, 1953,
Chicago, Rock Island & Pacific 4s, 1988,
Chicago, Rock Island & Pacific 4s, 1909,
Chicago, Rock Island & Pacific 4s, 1934,
Chic, Rock Is. & Pacific (Choctaw) 4s, 1913,
Choctaw, Oklahoma & Gulf 5s, 1952,
Erie prior lien 4s, 1996,
Erie general lien 4s, 1996,
Evansville & Terre Haute 5s, 1942,
Greenbrier 4s, 1940,
Indiana, Columbus & Eastern Traction 5s, 1926,
Iron Mountain Car trust 5s, 1907-10,
Kansas City Southern 3s, 1950,
Louisville & Nashville 4s, 1923,
Louisville & Nashville (Mobile & Mont.) 4^s, 1945
Newburgh & New York 5s, 1929,
New Orleans Terminal 4s, 1953,
Norfolk & Western 4s, 1944,
Norfolk & Western 4s, 1908,
Oregon Short Line 4s, 1929,
Pennsylvania Co. 3*S, 1916,
Philadelphia & Reading 7s, 1911,
Philadelphia & Reading 5s, 1941,
Phil., Wilm. & Bait. 4s, 1921, .
St. L., Iron Mt. & So. (River & G. Div.) 4s, 1933
St. Louis, Mem. & Southeastern 4-Js, 1909,
Southern Pacific 4s, 1955,
Terminal Asso. of St. Louis 4£s, 1939,
Terminal Asso. of St. Louis 4s, 1953, .
Union Pacific 4s, 1947,
Washington, Ohio & Western 4s, 1924,
Western Transit 3£s, 1923,
Miscellaneous Bonds.
Chesapeake & Delaware Canal Co. 5s, 1916,
Lehigh Coal & Navigation Co. 4s, 1914,
Lehigh Coal & Navigation Co. 4s, 1948,
Penn. Steel Co. (Coke Oven) 4^s, 1908-09,
Philadelphia Co. 5s, 1949,
Philadelphia Co. 5s, 1908,
Book Value.
$16,362 50
36,773 75
48,232 60
39,184 00
54,823 70
6,028 60
21,732 00
20,080 00
41,464 00
22,000 00
8,602 50
18,320 00
93,970 00
50,000 00
54,531 25
50,235 00
5,234,786 40
Rate.
101
106|
105
99
113
llH
lOlf
103i
114
73,875
00
96
30,825
00
108i
48,000
00
89
94,533
75
92£
2,250
00
100
24,500
00
96^
87,750
00
85i
100,571
25
98£
49,250
00
95^
26,250
00
103f
49,272
50
99
24,347
50
971
95,750
00
97
50,000
00
106
49,875
00
98
77,843
75
99f
49,625
00
98£
47,500
00
90
24,567
50
94£
53,750
00
108£
48,625
00
97
15,162
50
87^
25,750
00
107
96,125
00
93f
47,000
00
96
23,303
80
100
15,068
25
71*
49,093
75
96
55,475
00
1051
15,750
00
110
94,812
50
93
49,312
50
96
98,805
00
99
48,500
00
93i
96,803
75
95i
20,000
00
112i
100,250
00
120f
62,450
00
101
94,500
00
92
97,500
00
96i
97,218
75
94f
54,500
00
109
124,812
50
95
26,218
75
102
28,238
75
93i
48,318
33
85f
45
101
101
99i
107
100
Market Value.
$10,100 00
34,040 00
49,350 00
39,600 00
50,850 00
5,562 50
20,275 00
19,617 50
39,650 00
22,800 00
72,000 00
32,475 00
44,500 00
92,250 00
2,500 00
24,125 00
85,250 00
98,875 00
47,750 00
25,906 25
49,500 00
24,312 50
97,000 00
47,700 00
49,000 00
74,812 50
49,062 50
45,000 00
23,718 75
54,250 00
48,500 00
15,750 00
26,750 00
93,750 00
48,000 00
23,000 00
17,160 00
48,000 00
52,625 00
16,500 00
93,000 00
48,000 00
99,000 00
46,750 00
95,500 00
22,450 00
120,625 00
65,650 00
92,000 00
96,250 00
94,750 00
54,500 00
118,750 00
25,500 00
27,042 50
42,875 00
4,500 00
20,200 00
90,900 00
49,750 00
53,500 00
50,000 00
$3,209,057 00
344
PHENIX INSURANCE CO.
PHENIX INSURANCE COMPANY, BROOKLYN, N. Y.
Incorporated Sept. 10, 1853. Commenced business Sept. 10, 1853.
Paid-up Capital, $1,500,000.
GEORGE P. SHELDON, President. CHAS. F. KOSTER, Secretary.
Home Office, 16 Court Street.
Income.
Net fire premiums,
Interest on mortgage loans, $1,933.51; collaterals, $3,533.58
stocks and bonds, $302,602.60; all other, $7,531.03,
Rents, including company's own occupancy,
Profit on sale or maturity of ledger assets,
Borrowed money, .......
Premium on increase in capital,
Total income, $10,721,071 98
Ledger assets, Dec. 31, 1905, plus $500,000 increase in capital, . 9,083,018 28
56,166,958 25
315,600 72
42,644 79
95,868 22
3,100,000 00
1,000,000 00
Total,
Disbursements.
Net amount paid for fire losses, .....
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, $6,462.21; other taxes and fees, $148,403.62
Loss on sale of stocks, .......
Borrowed money repaid, ......
Interest, . . . . . . . . ■
Advertising, printing and stationery, ....
Legal expenses, ........
Furniture and fixtures, .
Maps, surveys and inspections, .....
Postage, express, telegrams, telephone, exchange, etc.,
Traveling expenses, .......
Underwriters' boards, protective associations and patrol, .
All other disbursements, ......
Total disbursements, . . . .
Balance, .... . . .
Ledger Assets.
Real estate, $401,404.39; mortgages, $48,000, .
Loans secured by collateral (schedule A),
Stocks and bonds (schedule B), .
Cash in banks and office, ....
Agents' balances, . . .
Total ledger assets, ....
$19,804,090 26
56,011,520 75
200,000 00
1,205,539 11
482,159 17
59,730 36
16,399 99
154,865 83
10,141 28
2,400,000 00
74,353 61
87,687 24
2,751 19
3.538 63
18,496 07
81,883 17
135,649 88
88,559 57
39,807 08
11,073,082 93
58,731,007 33
$449,404 39
63,000 00
6,260,035 22
990,210 62
968,357 10
18,731,007 33
PHENIX INSURANCE CO.
345
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $1,365; bonds, $5,504.15,.
Rents accrued on company's property,
Market value of real estate over book value,
Market value of stocks and bonds over book value,
Due from other companies, ....
Gross assets,*. .....
Assets not admitted.
Special deposits less $234,344.88 liability thereon,
Total admitted assets, ....
Liabilities.
Unpaid losses, including $11,115 resisted,
Less reinsurance, ......
$6,869 15
3,196 64
166,595 61
298,484 22
63,083 89
),269,236 84
122,490 31
$9,146,746 53
$397,756 20
22,947 98
Unearned premiums on outstanding risks, . .
Due for return premiums, $4,223 . 28 ; reinsurance, $5,362 . 93,
Borrowed money, ........
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
Total liabilities, ....
$2,772,249 00
$374,808 22
5,290,103 10
9,586 21
700,000 00
56,374,497 53
1,500,000 00
1,272,249 00
59,146,746 53
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Risks and Premiums.
Premiums.
$927,408,294 00 $10,885,923 09
. 625,138,800 00 7,689,047 87
Total, . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
,552,547,094 00 $18,574,970 96
622,009,597 00 7,624,064 90
$930,537,497 00 $10,950,906 06
. 66,603,364 00 674,585 33
$863,934,133 00 $10,276,320 73
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,
$158,570,291 00
79,076,675 00
5,987,561 00
4,824,000 00
200,000 00
386,550 00
* The company holds also instalment premium notes to the amount of $184,126. 10 which do not
enter into or form any part of the assets of the company, as no portion of them is earned. What-
ever 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."
346
PHENIX INSURANCE CO.
Schedule A. Securities held as Collateral.
Company's
Market Value.
312 shares Electric Storage Battery Co., .... $23,400 00
100 " Kings County Electric Light & Power Co., . . 14,000 00
12 " Municipal Gas Co. of Albany, N. Y., . . . 3,000 00
Rio Grande, Sierra Madre & Pacific R.R. Co. 6s, 1917, . 5,000 00
Columbus & Hocking Coal and Iron Co. 6s, 1956, . . 31,200 00
Loaned
Thereon.
$63,000 00
$76,600 00 $63,000 00
Schedule B. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value. Rate. Market Value.
1,000 shares Baltimore & Ohio, . . . $118,250 00 119^ $119,500 00
3,000 " Central of New Jersey, . . . 618,419 82 219£ 658,500 00
5,000 " Chicago & Northw., common, . . 1,048,282 50 198£ 991,250 00
500 " Ch., St. Paul, Minn. & O., preferred, 100,062 50 181 90,500 00
500 " Ch., St. Paul, Minn. & O., common, 92,187 50 175 87,500 00
1,500 " Delaware & Hudson Canal, '. . 280,087 50 222 333,000 00
5,000 " Del., Lack. & Western, . . . 1,043,285 10 515 1,287,500 00
500 " Erie & Pittsburgh, . . . 40,877 78 156 39,000 00
2,000 " Great Northern, preferred, . . 377,650 00 181 362,000 00
2,300 " Pitts., Cin., Ch. & St. L., common, . 189,212 50 80 184,000 00
200 shares Brooklyn, New York, N, Y., . . 14,653 13 140 14,000 00
1,500 " Chatham N'l, New York, N. Y., . 134,690 93 300 112,500 00
300 " First Nat'l, New York, N. Y., . 195,000 00 715 214,500 00
317 " N'l B'k of Com., New York, N. Y., . 67,955 25 181 57,377 00
600 " N'l Citv, Brooklyn, N. Y., . . 114,302 82 290 87,000 00
300 " N'l Park, New York, N. Y., . . 89,890 63 445 133,500 00
60 " Tr. Co. of Am., New York, N. Y., . 28,000 00 750 45,000 00
Miscellaneous Stocks.
121 shares Am. Lt. & Trac. Co., common, . 9,750 00 110^ 13,370 50
376 " Am. Lt. & Trac. Co., preferred, . 35,176 95 98 36,848 00
300 " Bond & Mortg. Guarantee Co., . 32,000 00 385 115,500 00
1,000 " Cent. & South American Tel. Co., . 116,674 46 144 144,000 00
500 " N. Y. Mutual Gas Light Co., . . 134,781 00 190 95,000 00
362 " Northwestern Commercial Co., . 37,320 00 97£ 35,295 00
667 " Realty Associates, . . . 66,700 00 160 106,720 00
10 " Underw. Sal. Co. of New York, . 1,000 00 100 1,000 00
Government Bonds.
United States 4s, 1907, 134,963 22 101 161,600 00
State and Municipal Bonds.
New York, N. Y., 3s, 1923, * . 204,000 00 89 f 178,750 00
New York, N. Y., 3s, 1919, .... 212,000 00 91| 182,750 00
Richmond, Va., 4s, 1926 and 1927, . . . 20,895 00 lOlf 21,288 75
Toronto, Canada, 3£s, 1929, . . . . 54,141 41 91 50,922 69
Toronto, Canada, 3£s, 1913, 48,896 92 96f 48,312 50
Virginia 3s, 1991, 60,037 50 96 96,000 00
Miscellaneous Bonds.
Council Bluffs City W. W. Co. 5s, 1943, . . 99,000 00 75 82,500 00
Denver Gas & Electric Co. 5s, 1949, . . . 110,143 75 92J 97,785 00
Grove Mills Paper Co. 6s, 1909, .... 26,173 33 100 25,000 00
Lebanon Gas & Fuel Co. 5s, 1956, . . . 50,000 00 90 45,000 00
Lincoln Gas & Electric Co. 5s, 1941, . . . 175,000 00 78 136,500 00
Niagara Falls Power Co. 6s, 1910, . . . . 54,048 42 97 48,500 00
Standard Milling Co. 5s, 1930, . . . . 24,525 30 77 19,250 00
i,260,035 22
>,558,519 44
PHILADELPHIA MANUFACTURERS' MUTUAL FIRE INS. CO. 347
PHILADELPHIA MANUFACTURERS' MUTUAL FIRE INSURANCE
COMPANY, PHILADELPHIA, PA.
Incorporated Aug. 23, 1880. Commenced business Nov. 1, 1880.
EDWIN I. ATLEE, President. RICHARD H. MORRIS, Secretary.
Home Office, Fifteenth and Market Streets.
Income.
Net premiums, $334,045 76
Interest on stocks and bonds, $15,385.87; all other, $491.57, . 15,877 44
Profit on sale of stocks and bonds, ...... 10,303 30
From all other sources, ........ 1,665 38
Total income,. . $361,89188
Ledger assets, Dec. 31, 1905, 333,377 90
Total, $695,269 78
Disbursements.
Net amount paid for losses, ....... $23,150 40
Profits on terminated policies, ...... 267,036 99
Salaries, fees, etc., of officers and employees, .... 12,521 56
Rents, 1,900 00
Taxes and fees, ......... 1,392 78
Loss on sale of bonds, ........ 2,378 42
Travel and inspections, . . . . . . . . 8,742 11
Printing, postage, stationery and supplies, . . . . 2,190 25
Telephone, telegraph and express, ...... 475 30
All other disbursements, . . . . . . . 405 26
Total disbursements, $320,193 07
Balance, $375,076 71
Ledger Assets.
Stocks and bonds (schedule A), $331,751 55
£ash in banks and office, ....... 32,965 53
Premiums in course of collection, ...... 10,359 63
Total ledger assets, $375,076 71
Non-Ledger Assets.
Interest accrued on bonds, ....... 1,739 12
Market value of stocks and bonds over book value, . . . 11,736 70
Accrued dividends on railroad stock, ..... 803 49
Gross assets, $389,356 02
Assets not admitted.
Accrued dividends on railroad stock, . . . ... 803 49
Total admitted assets, $388,552 53
348 PHILADELPHIA MANUFACTURERS' MUTUAL EIRE INS. CO.
Liabilities.
Unpaid losses, .....
Unearned premiums on outstanding risks,
All liabilities, except surplus, .
Surplus, ......
Total liabilities,
Risks outst'ding Dec. 31, 1905,
Risks written during 1906,
Risks and Premiums.
Amount.
$32,258,616 00
39,656,013 00
$3,000 00
169,797 07
$172,797 07
215,755 46
$388,552 53
Cash Prem's. Conting't Prem's.
$299,374 29 $1,496,871 45
359,283 96 1,796,419 80
Total, .
Risks expired and terminated,
In force at end of year, .
$71,914,629 00
34,601,943 00
,658 25
319,064 10
53,293,291 25
1,595,320 50
$37,312,686 00 $339,594 15 $1,697,970 75
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1906, 80 per cent.
,179 00
Schedule A. Stocks and Bonds
Railroad Stocks.
150 shares Erie & Pittsburg,
204 " Pennsylvania, .
820 " West Jersey & Seashore, .
Bank Stocks.
25 shares Land Title & Trust Co., .
3 " Philadelphia National,
Miscellaneous Stocks.
100 shares Penn. Steel Co., preferred,
Government Bonds.
Imperial Japanese 4*s, 1925,
Railroad Bonds.
Aurora, Elgin & Chicago 5s, 1941,
Birmingham Ry., Lt. & Pow. Co. 4*s, 1954,
Cambria & Clearfield 5s, 1941, .
Cleveland & Marietta 4*s, 1935,
Consolidated Traction Co. of N. J. 5s, 1933,
Greenbrier & New River 5s, 1942,
Lake Shore Electric 5s, 1923,
Lancaster County Ry. & Light 5s, 1951,
New Jersey & Hudson River & Ferry 4s, 1950,
Norfolk & Western equipment 4s, 1913,
Philadelphia & Baltimore Central 4*s, 1911,
Sunbury, Hazelton & Wilkes-Barre 5s, 1928,
Toledo, Fremont & Norwalk 5s, 1920,
Toledo, St. Louis & Western 4s, 1950,
Wabash Pittsburg Terminal 4s, 1954,.
West Jersey & Seashore 4s, 1936,
Miscellaneous Bonds.
Auburn Gas Co. 5s, 1930, .
Central Iron & Steel Co. 5s, 1925,
Lehigh Coal & Nav. Co. 7s, 1911,
Lehigh Coal & Nav. Co. 4s, 1942,
Lehigh Valley Coal Co. 5s, 1933,
Millville Mfg. Co. 5s, 1929,
Oklahoma Gas & Electric Co. 5s, 1922,
Pennsylvania Steel Co. 5s, 1932,
Pittsburg & Westmoreland Coal Co. 5s, 1925,
OWNED BY THE COMPANY.
Book Value. Rate. Market Value.
$9,375 00 156 $11,700 00
12,889 92 138| 14,114 25
42,857 01 120 49,200 00
3,276 00
618 00
9,275 00
9,324 60
312
308
104*
90
9,913 89
98*
9,797 50
91
10,340 00
117
5,350 00
104f
4,350 00
105*
14,315 00
100
10,175 00
98
10,270 83
100
8,513 33
81*
11,890 00
94|-
10,204 38
lOOf
4,900 00
102*
10,326 80
100
7,862 50
80*
9,573 33
80
10,000 00
102*
9,973 60
10,052 78
5,175 00
10,130 00
20,300 00
10,354 86
10,187 50
10,353 33
9,826 39
$331,751 55
87
99
111
100
110*
100
95
100
97
7,800 00
924 00
10,450 00
9,000 00
9,850 00
9,100 00
11,700 00
5,237 50
5,275 00
14,000 00
9,800 00
10,000 00
8,150 00
11,385 00
10,075 00
5,125 00
10,000 00
8,050 00
8,000 00
10,212 50
8,700 00
9,900 00
4,440 00
10,000 00
22,100 00
10,000 00
9,500 00
10,000 00
9,700 00
$343,488 25
PIKENIX INSURANCE CO.
349
JOHN B. KNOX, 1 Secretaries
THOMAS C. TEMPLE, J Secretaries.
PHCENIX INSURANCE COMPANY, HARTFORD, CONN.
Incorporated May, 1854. Commenced business June, 1854.
Paid-up Capital, $2,000,000.
D. W. C. SKILTON, President.
Home Office, 783 Main Street.
Income.
Net fire premiums, $4,477,937 53
Interest on mortgage loans, $5,299.77; collaterals, $665; stocks
and bonds, $272,329.12; deposits, $11,046.78, . . . 289,340 67
Rents, 10,743 45
Profit on sale of ledger assets, ...... 136,647 39
Profit and loss, 326 75
Borrowed money, ......... 660,000 00
Total income, .....
Ledger assets, Dec. 31, 1905, ....
Total,
Disbursements
Net amount paid for fire losses,
Dividends to stockholders,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents, ......
Repairs and expenses on real estate,
Real estate taxes, $1,640; other taxes and fees, $152,734.57,
Borrowed money repaid,
Interest on borrowed money, .
Adjustment expenses, .
Advertising, printing and stationery
Inspections, ....
Legal expenses,
Maps and surveys,
Postage and telegrams, .
Agents' balances charged off, .
Traveling expenses,
All other disbursements,
Total disbursements,
Balance,
Ledger Assets.
Real estate, $140,804.64; mortgages, $75,166.66,
Stocks and bonds (schedule A), ...
Cash in banks and office, .
Agents' balances, ......
Foreign premiums in course of collection,
Total ledger assets, ....
. $5,574,995 79
. 6,599,669 11
$12,174,664 90
$3,391,148 50
170,000 00
911,378 57
301,286 61
25,533 85
3,404 55
154,374 57
510,000 00
10,439 31
22,721 11
32,904 02
65,172 46
3,100 63
9,215 07
35.363 88
4,852 00
74,097 34
86,732 73
$5,811,725 20
$6,362,939 70
$215,971 30
4,986,583 74
405,876 94
673,073 01
81,434 71
$6,362,939 70
350
PHCENIX INSURANCE CO.
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $2,006 . 06 ; bonds, $9,867 . 47 ; other assets, $2,500, $14,373 53
Rents accrued on company's property, ..... 885 75
Market value of real estate over book value, .... 3,261 00
Market value of stocks and bonds over book value, . . . 1,086,269 56
Due from other companies, ....... 7,092 30
Gross assets, . . . ......
Assets not admitted.
Agents' balances over three months due, . $17,556 20
Special deposits less $207,855. 42 liability thereon, 60,720 83
Due from unauthorized companies, . . 6,602 60
Total unadmitted assets, . . .
Total admitted assets, .......
Liabilities.
Unpaid losses, including $23,639 resisted, . $439,459 02
Less reinsurance, ...... 20,826 44
',474,821 84
Unearned premiums on outstanding risks,
Commissions and other charges due agents and brokers,
Borrowed money, .......
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
[,148,754 18
Total liabilities,
84,879 63
',389,942 21
$418,632 58
3,652,007 94
20,547 51
150,000 00
54,241,188 03
2,000,000 00
1,148,754 18
57,389,942 21
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Risks and Premiums.
Premiums .
. $630,285,798 00 $6,591,566 89
. 559,620,314 00 5,509,749 34
,189,906,112 00 $12,101,316 23
489,537,587 00 4,787,292 60
$700,368,525 00 $7,314,023 63
32,707,510 00 364,085 36
$667,661,015 00 $6,949,938 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 (8.5 per cent.), .
Company's stock owned by directors,
$98,879,341 00
59,207,258 00
3,470,432 00
9,495,000 00
170,000 00
65,700 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value. Rate. Market Value.
600 shares Bald Eagle Valley, .... $57,002 50 240 $72,000 00
300 " Beech Creek, .... 14,400 00 105 15,750 00
PI I (UNIX INSURANCE CO.
351
Book Value.
200 shares Boston Elevated, .... $23,428 58
300 " Chic, Mil. & St. Paul, preferred, . 33,100 00
300 " Cleve., Cin., Chic. & St. L., preferred, 29,137 50
60 " Cleve., Cin., Chic. & St. L., common, 6,000 00
500 " Cleveland & Pittsburg, . . . 20,200 00
500 " Ft. Wayne & Jackson, preferred, . 49,150 00
200 " Georgia R.R. & Banking Co., . . 32,069 00
1,000 " Morris & Essex, .... 69,931 25
1,200 " New York Central, . . . 139,823 25
250 " New York & Harlem, . . . 24,640 00
2,500 " N. Y., New Haven & Hartford, . 279,069 88
2,000 " Pennsylvania, .... 123,984 37
500 " Peoria & Bureau Valley, . . . 72,625 00
500 " Pitts. & McKeesp. & Yough., . . 29,400 00
250 " Rensselaer & Saratoga, . . . 14,781 25
500 " Sharon, 25,750 00
105 " West End Street, Boston, . . 1,303 44
300 shares Aetna N'l, Hartford, Conn., . . 32,900 00
1,000 " American N'l, Hartford, Conn., . 59,955 00
75 " Cent. Tr. Co., New York, N. Y.,' . 8,060 00
162 " Charter Oak N'l, Hartford, Conn., . 21,020 00
160 " City, Hartford, Conn., . . . 16,000 00
100 " Conn. River B'k'g Co., Hart., Conn., 6,200 00
300 " Far. & Mech. N'l, Hartford, Conn., . 34,020 00
400 " Franklin Tr., Brooklyn, N. Y., . 53,437 50
1,030 " Hartford Nat'l, Conn., . . . 105,486 00
t400 " Hartford Trust, Conn., . . . 40,600 00
67 " Home N'l, Meriden, Conn.. . . 8,658 42
275 " Imperial, Toronto, Ont., . . 44,925 18
800 " Mer. N'l, Hart., Conn, (in liq'dation), 15,596 00
100 " Metrop. Tr., New York, N. Y., . 53,537 50
340 " N'l Exchange, Hartford, Conn., . 22,230 00
125 " N'l Ger.-Amer., St. Paul, Minn., . 31,494 84
200 " New Britain Nat'l, Conn., . . 21,040 00
770 " Phoenix Nat'l, Hartford, Conn., . 103,800 00
10 " Realty Bond & Tr. Co., Rich., Va., . 1,000 00
50 " Security Co., Hartford, Conn.,. . 8,750 00
200 " State, Hartford, Conn., . . . 20,864 00
440 " Waterbury Nat'l, Conn., . . . 29,580 00
Miscellaneous Stocks.
500 shares American Teleg. & Cable Co., . . 47,360 00
150 " Empire & Bay State Tel. Co., . . 11,325 00
300 " Gold & Stock Tel. Co., . . . 37,877 50
100 " Hartford Electric Light Co., . . 25,600 00
1,300 " Holyoke Water Power Co., . . 168,750 26
500 " Illinois & Mississippi Tel. Co., . . 20,168 50
200 " International Ocean Tel. Co., . . 25,216 00
420 " New York Dock Co., preferred, . 19,740 00
144 " New York Mutual Tel. Co., . . 4,623 75
3,000 " Northwestern Tel. Co., . . . 168,325 00
297 " Pacific & Atlantic Tel. Co., . . 6,102 25
450 " Southern & Atlantic Tel. Co., . . 11,812 50
200 " Western Union Tel. Co., . . 18,500 00
State and Municipal Bonds.
Ashland, Ore., 6s, 1909, 53,125 00
Brantford, Canada, 5s, 1908, . . . . 27,737 50
Georgia 4|s, 1915, 11,535 00
Guelph, Canada, 5s, 1919, 27,076 00
Hartford, Conn., 2d no. Sch. Dist. 3£s, 1934, . 40,000 00
Hartford, Conn., Wash. St. Sch. Dist. 4s, 1928, . 21,200 00
Hartford, Conn., So. Sch. Dist. 3£s, 1942, . . 108,000 00
New Brunswick 4s, 1922, 5,048 35
Petersburg, Va., 4s, 1943, . . . . 26,125 00
Portland, Ore., 5s, 1933, ... . ... 16,897 50
Richmond, Va., 5s, 1921, 30,000 00
St. Henry, P. Q., 4£s, 1918, . . . . 78,375 00
Urbana, O., 4£s, 1909, 26,440 00
Victoria, British Columbia, 5s, 1928, . . . 21,900 00
Railroad Bonds.
Atlanta-Birmingham 4s, 1933, .... 23,500 00
Atlantic & Danville 4s, 1948, .... 47,000 00
Rate.
151
162f
110
90£
177
142
261
182
131
380
190£
138f
197
133
200
130
184
225
140
2,025
134
101
190
110
324
145
180
130
228
572£
130
158
165
125
100
150
150
160
Market Value.
$30,200 00
48,825 00
33,000 00
5,452 50
44,250 00
71,000 00
52,200 00
91,000 00
157,200 00
47,500 00
476,250 00
138,375 00
98,500 00
33,250 00
50,000 00
32,500 00
9,660 00
67,500 00
70,000 00
151,875 00
21,708 00
16,160 00
5,700 00
33,000 00
129,600 00
149,350 00
72,000 00
8,710 00
65,800 80
57,250 00
22,100 00
19.750 00
33,000 00
96,250 00
1,000 00
7,500 00
30 000 00
35^200 00
45,000 00
11,250 00
33,000 00
29,000 00
455,000 00
19,750 00
23,500 00
34,860 00
3,960 00
183,000 00
5,865 75
11,250 00
16,800 00
51,250 00
25,000 00
11,100 00
25,620 00
38,950 00
21,025 00
104,760 00
5,025 00
25,000 00
17,681 25
27,656 25
75,750 00
25,218 75
22,175 00
22,500 00
47,500 00
352
PROVIDENCE MUTUAL FIRE INSURANCE CO.
Central of New Jersey 5s, 1987,
Chesapeake & Ohio 5s, 1939,
Chicago & Erie 5s, 1982, .
Chicago & North Shore Street 6s, 1912,
Chicago & Northwestern 6s, 1929,
Chicago & Western Indiana 6s, 1932,
Choctaw & Memphis 5s, 1949, .
Cincinnati, Dayton & Ironton 5s, 1941,
Des Moines & Ft. Dodge 4s, 1935,
Detroit 5s, 1924, ....
Easton & Amboy 5s, 1920,
Elgin, Joliet & Eastern 5s, 1941,
Erie 7s, 1920,
Erie (Pennsylvania collateral) 4s, 1951,
Flint & Pere Marquette 5s, 1939,
Iowa Central 5s, 1938,
Kansas City & Pacific 4s, 1990,
Lehigh Valley Terminal 5s, 1941,
Louisville, Henderson & St. Louis 5s, 1946,
Louisville & Nashville 4s, 1923,
Minneapolis Union 6s, 1922,
Missouri, Kansas & Eastern 5s, 1942,
New York, Lackawanna & Western 6s, 1921,
New York, New Haven & Hart. conv. 3*s, 1956,
Railroad Securities Co. 4s, 1952,
Southern (St. Louis Division) 4s, 1951,
St. Paul & Northern Pacific 6s, 1923,
Terminal Association of St. Louis 5s, 1944,
Terre Haute & Peoria 5s, 1942,
Toronto, Hamilton & Buffalo 4s, 1946,
Virginia Midland 5s, 1936,
Wabash Pittsburg Terminal 1st mort. 4s, 1954,
Miscellaneous Bonds.
New York Dock Co. 4s, 1951, .
Northwestern Tel. Co. 4*s, 1934,
Western Union Tel. Co. 4*s, 1950,
Book Value.
$20,526 25
88,437 50
59,980 00
26,446 58
40,825 00
312,547 50
59,000 00
112,445 00
73,187 50
65,392 50
33,671 50
57,375 00
53,000 00
23,593 75
28,750 00
86,921 25
24,125 00
29,075 50
112,348 75
24,406 25
84,718 34
28,770 00
53,125 00
45,000 00
115,875 00
49,906 25
32,100 00
29,437 50
25,375 00
24,625 00
58,093 75
49,200 00
39,480 00
52,200 00
52,312 50
$4,986,583 74
Rate.
126
116
116*
87
111
112
114*
108f
96
107f
Ill*
115
126f
108
112
93*
117*
111
96
121
109
123*
112
92
94*
122
117*
100
96
Hlf
80
92
102*
99*
Market Value.
$25,200 00
87,000 00
58,250 00
21,750 00
43,290 00
300,160 00
57,250 00
108,750 00
72,000 00
64,650 00
33,450 00
57,500 00
63,187 50
22,437 50
27,000 00
84,000 00
23,312 50
29,375 00
111,000 00
24,000 00
90,750 00
27,250 00
61,562 50
50,400 00
115,000 00
47,250 00
30,500 00
29,312 50
25,000 00
24,000 00
55,812 50
44,000 00
38,640 00
51,250 00
49,750 00
6,072,853 30
PROVIDENCE MUTUAL FIRE INSURANCE COMPANY,
PROVIDENCE, R. I.
Incorporated 1800. Commenced business 1800.
EDWARD L. WATSON, President. BENJAMIN M. MacDOUGALL, Secretary.
Home Office, 1$ Westminster Street.
Income.
Net premiums, $87,601.97; extra premiums, $613, . . . $88,214 97
Interest on mortgage loans, $3,391.30; stocks and bonds, $19,-
477.81; allother, $2,760.42, 25,629 53
Total income, $113,844 50
Ledger assets, Dec. 31, 1905, . 540,987 43
Total, $654,831 93
Disbursements.
Net amount paid for losses, ....... $32,341 32
Profits on terminated policies, ...... 25,925 24
Commissions or brokerage, ....... 10,166 62
Salaries, fees, etc., of officers and employees, .... 9,515 00
Rents, . . . - . . . . , . . . 1,436 00
PROVIDENCE MUTUAL FIRE INSURANCE CO.
353
Ledger Assets.
Taxes and fees,
All other disbursements,
Total disbursements,
Balance, .
Mortgages, .........
Stocks and bonds (schedule A),
Cash in banks and office, ......
Agents' balances, ........
Total ledger assets, ......
Non-Ledger Assets.
Interest due and accrued : —
On bonds, $315; other assets, $375.78, .
Market value of stocks and bonds over book value, .
Gross assets, ........
Assets not admitted.
Agents' balances over three months due, .
Total admitted assets, ......
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, ........
52,829 36
2,189 61
Total liabilities, . . .
Risks and Premiums.
Amount.
Risks outs'ding Dec. 31, 1905, $30,225,854 00
$84,403 15
$570,428 78
$58,750 00
452,006 90
52,498 70
7,173 18
$570,428 78
690 78
78,313 10
$649,432 66
374 57
$649,058 09
$114 96
171,782 08
3,376 00
1,536 17
$176,809 21
472,248 88
$649,058 09
Risks written during 1906,
Total, ....
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
8,814,743 00
$39,040,597 00
8,217,983 00
,822,614 00
366,625 00
Cash Prem's. Conting't Prem's.
$324,888 16 $324,888 16
95,742 46 95,742 46
$420,630 62 $420,630 62
87,316 76 87,316 76
$333,313 86 $333,313 86
4,691 46
$30,455,989 00 $328,622 40
Miscellaneous.
Losses incurred during the year, ...... $32,349 00
Profits or surplus returned during 1 906, 20, 30, 40, 50 and 80 per cent.
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value. Rate. Market Value.
50 shares Atch., Topeka & Santa Fe, common, . $5,375 00 104£ $5,225 00
50 " Atch., Topeka & Santa Fe] preferred, . 5,081 25 99 4,950 00
354
PROVIDENCE WASHINGTON INSURANCE CO.
40 shares Boston & Providence,
50 " Chicago & Eastern Illinois, pref.,
100 " Chicago Great Western debenture,
100 " Chic, Mil. & St. Paul, preferred,
50 " Chic, Mil. & St. Paul, common,
Sub. to 75 shares C, M. & St. P., pref. (10% pd.),
Sub. to 37 shares C, M. & St. P., com. (10% pd.),
150 rights C, M. & St. Paul, .
50 shares Cleve., Cin., Chic. & St. Lo., preferred,
200 " Cleveland & Pittsburg, . • ' .
50 " Connecticut River,
200 " Delaware, Lackawanna & Western,
100 " Detroit, Hillsdale & So. Western,
100 " Fitchburg, preferred,
100 " Fort Wayne & Jackson, preferred,
50 " Hereford, . . .
158 " Illinois Central,
200 " Mahoning Coal, preferred,
200 " Morris & Essex,
168 " New York Central & Hudson R.,
240 " New York, New Haven & Hartford,
100 " Old Colony, ....
100 " Oswego & Syracuse,
400 " Pennsylvania, ....
50 " Pere Marquette, preferred,
50 " Pere Marquette, common,
200 " Pittsburg, Bessemer & Lake Erie,
51 " Providence & Worcester, .
100 " Rensselaer & Saratoga,
100 " Rome, Watertown & Ogdensburg,
200 " Southern, preferred, .
50 " Union Pacific, common,
50 " Union Pacific, preferred, .
100 " Upper Coos, ....
Bank Stocks.
20 shares National of Commerce (Pro v.), .
Miscellaneous Stocks.
120 shares Rhode Island Invest. Co. (Pro v.),
Bonds.
Rhode Island 3*s, 1924, ....
Rhode Island 3s, 1941, ....
Metropolitan Water Co. 4s, 1919,
Book Value.
$10,400 00
6,800 00
9,300 00
11,675 00
7,038 50
750 00
370 00
6,000 00
19,450 00
12,500 00
17,262 50
10,900 00
10,475 00
14,118 00
5,000 00
16,453 90
12,075 00
19,675 00
17,973 87
31,095 13
19,500 00
10,250 00
25,420 00
4,156 25
5,012 50
7,000 00
12,558 75
20,600 00
13,825 00
13,700 00
5,256 25
4,725 00
14,900 00
1,090 00
11,000 00
11,225 00
16,050 00
5,970 00
$452,006 90
Rate.
298
125
80
162f
148|
100
100
33*
110
177
285
515
104
133
142
97
165*
100
182
131
190*
198
230
138|
60
53*
67
288
200
127*
94
180*
94
145
130
122
104*
97f
50
00
00
00
00
Market Value.
$11,920 00
6,250 00
8,000 00
16,275 00
7,443 75
750
370
5,025
5,500
17,700 00
14,250 00
51,500 00
10,400 00
13,300 00
14,200 00
4,850 00
26,149 00
10,000 00
18,200 00
22,008 00
45,720 00
19,800 00
11,500 00
27,675 00
3,000 00
2,675 00
6,700 00
14,688 00
20,000 00
12,750 00
18,800 00
9,012 50
4,700 00
14,500 00
1.300 00
14,640 00
10,487 50
14,606 25
3,500 00
$530,320 00
PROVIDENCE WASHINGTON INSURANCE COMPANY,
PROVIDENCE, R. I.
Incorporated 1799. Commenced business 1799.
Paid-up Capital, $500,000.
J. B. BRANCH, President. A. G. BEALS, Secretary
Home Office, 20 Market Square.
Income.
Net fire premiums, $1,856,939.23; marine, $317,354.11, .
Interest on stocks and bonds,
Profit on sale of stocks and bonds, ....
Stock dividend Great Northern Ry. (Iron Ore Prop.) , .
Total income,. ......
Ledger assets, Dec. 31, 1905, . .
Total, .
$2,174,293 34
87,613 61
126,514 27
24,000 00
$2,412,421 22
2,305,528 28
$4,717,949 50
PROVIDENCE WASHINGTON INSURANCE CO.
355
Disbursements.
Net amount paid for fire losses, $1,730,705.50; marine, $222,-
536.75, $1,953,242 25
Dividends to stockholders, 25,000 00
Commissions or brokerage, ....... 438,182 88
Salaries, fees, etc., of officers and employees, .... 144,579 41
Rents, 9,026 59
Taxes and fees, 63,486 27
Loss on sale of bonds, . . . . . • . . 6,208 75
Premium on securities purchased, ...... 21,659 00
Advertising and printing, ....... 14,306 87
Maps, 5,840 78
Postage, express, telegrams, etc., ...... 30,960 65
Traveling expenses, ........ 26,788 19
Underwriters' boards, protective associations and inspections, . 31,900 57
Total disbursements, .'...'. . . $2,771,182 21
Balance, ... ...... $1,946,767 29
Ledger Assets.
Stocks and bonds (schedule A), $1,518,700 00
Cash in banks and office, ....... 114,316 88
Agents' balances, 292,212 43
Bills receivable, 21,537 98
Total ledger assets, $1,946,767 29
Non-Ledger Assets.
Interest due and accrued, ....... 11,460 48
Market value of stocks and bonds over book value, . . . 579,740 25
Gross assets, . . . ■ $2,537,968 02
Assets not admitted.
Agents' balances over three months due, . . $2,603 56
Interest due and accrued on stocks, . . . 9,739 50
' Total unadmitted assets, .....
Total admitted assets, . . .
LIABILITIES;
Unpaid losses, including $13,693.42 resisted, . $416,183 45
Less reinsurance, ...... 107,718 57
Unearned premiums on outstanding risks, ....
All liabilities, except capital and surplus, ....
Surplus to policy holders, .... $610,216 59
Paid-up capital, . . . . .
Surplus over capital and general liabilities,
Total liabilities, . . . .
12,343 06
$2,525,624 96
$308,464 88
1,606,943 49
>1,915,408 37
500,000 00
110,216 59
$2,525,624 96
356
PROVIDENCE WASHINGTON INSURANCE CO.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Risks and Premiums.
Premiums .
. $310,946,999 00 $3,411,992 96
. 258,621,184 00 2,711,803 68
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Marine risks outstanding Dec. 31, 1905,
Marine risks written during 1906, .
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
$569,568,183 00 $6,123,796 64
251,087,274 00 2,622,853 48
$318,480,909 00. $3,500,943 16
54,262,946 00 572,396 68
$264,217,963 00 $2,928,546 48
$7,175,641 00 $261,236 67
127,440,906 00 522,976 85
$134,616,547 00
' 129,460,004 00
$784,213 52
569,119 32
$5,156,543 00
907,293 00
$215,094 20
49,684 19
Net amount in force,
t,249,250 00 $165,410 01
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 (5 per cent.),
Company's stock owned by directors,
$52,131,003 00
31,284,091 00
1,784,916 00
195,974 00
2,580,563 00
25,000 00
29,950 00
Schedule A. Stocks and Bonds owned by the Company.
400
290
40
200
240
240
200
339
250
6
200
300
200
2,200
25
300
375
300
50
3
338
200
300
2
650
Railroad Stocks.
shares Chicago & Northwestern, pref.,
" Chicago & Northwestern, common,
" Cleve., Cin., Chic. & St. Lo., com.,
" O, O, Chic. & St. Louis, preferred,
" Great Northern, preferred,
" Gt. Northern (Iron Ore Prop.),
" Manhattan, .
" N. Y. Central & Hudson River.
" Northern Pacific, .
" Northern Securities,
" Old Colony, .
" Pitts., Fort Wayne & Chicago,
" Rome, Watertown & Ogdensburg,
Bank Stocks.
shares Blackstone C. Nat'l, Prov., R. I.,
" Central Trust Co., New York, N. Y.
" Fourth National, New York, N. Y.
Nat'l Bk. of Commerce, N. Y., N.
" National Park, New York, N. Y.,
Miscellaneous Stocks.
shares Fall River Gas Works Co.,
" General Adjustment Bureau, .
" General Electric Co.,
" General Fire Extinguisher Co.,
" Narragansett Elec. Lighting Co.,
" Pacific Coast Salvage Association,
" Providence Gas Co..
Y.
Book Value.
$40,000 00
29,000 00
4,000 00
20,000 00
24,000 00
24,000 00
20,000 00
33,900 00
25,000 00
600 00
20,000 00
30,000 00
20,000 00
55,000 00
2,500 00
30,000 00
37,500 00
30,000 00
5,000 00
150 00
33,800 00
20,000 00
15,000 00
250 00
32,500 00
Rate.
230
198*
90i
110
181
79
142f
131
185*
165
198
173
127*
150
2,025
212*
181
445
250
100
160
250
200
100
209
Market Value.
$92,000 00
57,492 50
3,635 00
22,000 00
43,440 00
18,960 00
28,550 00
44,409 00
46,312 50
990 00
39,600 00
51,900 00
25,500 00
82,500 00
50,625 00
63,750 00
67,875 00
133,500 00
12,500 00
150 00
54,080 00
50,000 00
30,000 00
250 00
67,925 00
QUEEN INSURANCE CO. OF AMERICA.
357
500 shares Providence Telephone Co.,
150 " Temple Iron Co., .
10 " Underwriters' Salvage Co., Chic.,
5 " Underwriters' Salvage Co., N. Y.,
1,500 " What Cheer Corporation,
Government Bonds.
United States 2s, 1930, ....
State and Municipal Bonds.
Fort Wayne, Ind., 3£s, 1919,
Indianapolis, Ind., 4s, 1927,
Indianapolis, Ind., 3^-s, 1909,
Massachusetts 3£s, 1938, .
Massachusetts 3-^s, 1923, .
Pawtucket, R. I., 4s, 1923,
Pawtucket, R. I., 4s, 1929,
Railroad Bonds.
Boston & Maine 4^s, 1944,
Boston & Providence 4s, 1918,
Buffalo Traction Co. 5s, 1948,
Columbus & Ninth Avenue 5s, 1993,
Lake Shore & Michigan Southern 4s, 1928,
Lehigh Valley 1st mortgage 4-^-s, 1940,
N. Y. Cent. & Hud. R. (L. Shore coll.) 3£s, 1998,
N. Y., New Haven & Hartford convert. 3£s, 1956,
Pere Marquette 4s, 1951, ....
United Traction & Electric 5s, 1933, .
Miscellaneous Bonds.
American Telephone & Telegraph Co. 4s, 1929,
Minneapolis General Electric 5s, 1934,
Narragansett Electric Lighting Co. 4s, 1908,
St. Paul Gas Light Co. 5s, 1944,
United Electric Light & Power Co. 4^s, 1929,
Book Value.
Rate.
Market Value.
$25,000
00
210
$52,500 00
15,000
00
100
15,000 00
1,000
00
100
1,000 00
500
00
100
500 00
200,000
00
100
200,000 00
40,000
00
104£
41,800 00
25,000
00
97
24,250 00
25,000
00
102|
25,687 50
20,000
00
99£
19,900 00
83,000
00
101
83,830 00
5,000
00
100f
5,031 25
25,000
00
ioi*
25,375 00
40,000
00
101*
40,750 00
25,000
00
112
28,000 00
100,000
00
101*
101,500 00
20,000
00
107
21,400 00
10,000
00
114
11,400 00
17,000
00
98
16,660 00
15,000
00
108*
16,275 00
25,000
00
86*
21,562 50
100,000
00
112
112,000 00
20,000
00
86
17,200 00
25,000
00
108^
27,125 00
25,000
00
90
22,500 00
25,000
00
104
26,000 00
10,000
00
97*
9,750 00
25,000
00
98
24,500 00
20,000
00
95
19,000 00
$1,518,700
00
$2,098,440 25
QUEEN INSURANCE COMPANY OF AMERICA, NEW YORK, N. Y.
Incorporated Sept. 11, 1891. Commenced business Sept. 11, 1891.
Paid-up Capital, $1,000,000.
EDWARD F. BEDDALL, President. NEVETT S. BARTOW, Secretary.
Home Office, 1$ Cedar Street.
Income.
Net fire premiums, $4,040,543 40
Interest on mortgage loans, $3,076.21; stocks and bonds, $232,-
073.38; deposits, $7,008.32, 242,157 91
Rents, 156 67
Profit on sale or maturity of stocks and bonds, . ., . 78,831 70
Total income, . . . . .
Ledger assets, Dec. 31, 1905, ....
Total,
Disbursements.
Net amount paid for fire losses,
Dividends to stockholders,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents, ......
Taxes and fees, .....
Loss on sale of bonds, .....
Premium on bonds purchased,
. $4,361,689 68
. 6,766,522 63
$11,128,212 31
$3,275,813 21
100,000 00
738,308 49
244,943 11
27,915 75
88,884 39
655 55
3,864 58
358
QUEEN INSURANCE CO. OF AMERICA.
Advertising, printing and stationery, . .
Legal expenses, . . . . . .
Furniture and fixtures, ........
Maps and surveys, . . .
Postage, express and telegrams, ......
Inspections, ..........
Reduction in book value of stocks, ......
Traveling expenses, ........
Underwriters ' boards and patrol, ......
All other disbursements, . . . . . .
Total disbursements, .......
Balance, .........
Ledger Assets.
Mortgages, ..........
Stocks and bonds (schedule A),
Cash in banks and office, .......
Agents' balances, .........
Total ledger assets, .......
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $1,375.73; bonds, $35,875.70; deposits, $521.66,
Rents due on company's property, ......
Market value of stocks and bonds over book value, .
Due from other companies, .......
Gross assets, .........
Assets not admitted.
Agents' balances over three months due, . $5,382 18
Special deposits less $482,931 . 79 liability thereon, 92,097 01
Due from unauthorized companies, . . 9,181 68
Total unadmitted assets, . . . ■
Total admitted assets, .
Liabilities.
Unpaid losses, including $40,539.79 resisted, . $402,934 72
Less reinsurance, ...... 41,764 83
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, $9.,108.29; reinsurance, $37,709.45, .
$43,329 96
2,317 84
4,440 31
9,185 85
26,951 89
15,614 05
39,318 66
19,148 74
42,320 45
31,588 19
1,714,601 02
),413,611 29
$74,250 00
5,605,376 78
167,554 82
566,429 69
56,413,611 29
37,773 09
408 33
72,863 46
12,579 07
5,537,235 24
All liabilities, except capital and surplus, .
Surplus to policy holders, ....
Paid-up capital, ......
Surplus over capital and general liabilities,
Total liabilities, . .
J,768,093 37
106,660 87
5,430,574 37
$361,169 89
3,161,021 18
80,581 55
12,890 64
- 46,817 74
$3,662,481 00
1,000,000 00
1,768,093 37
$6,430,574 37
QUEEN INSURANCE CO. OF AMERICA.
359
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$477,255,146 00
394,248,952 00
Premiums.
55,749,110 21
5,195,566 63
5871,504,098 00 $10,944,676 84
338,418,807 00 4,374,950 76
$533,085,291 00
42,081,982 00
i,569,726 08
548,250 28
$491,003,309 00 $6,021,475 80
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,
$39,240,581 00
21,074,750 00
3,371,076 00
1,100,000 00
500,000 00
100,000 00
7,000 00
Schedule A. Stocks and Bonds owned by the Company.
228 shares
600
it
331
tt
200
it
2,006
tt
10
tt
350
a
500
it
350
tt
500
it
375
tt
284
it
100
tt
1,000
tt
200
tt
700
tt
1,000
tt
290
tt
500
tt
1,400
tt
600
a
825
tt
965
tt
300
tt
600
tt
822
tt
550
tt
1,000
a
442
tt
386
tt
1,000
tt
200
it
608
tt
16
it
840
a
400 shares
3 shares
87£
it
Railroad Stocks.
Albany & Susquehanna,
Allegheny & Western,
Atlanta & Charlotte Air Line,
Baltimore & Ohio, preferred, .
Beech Creek,
Boston & New York Air Line, pref .,
Buffalo, Rochester & Pitts., preferred
Canada Southern, .
Chic. & Eastern Illinois, preferred,
Chic, Mil. & St. Paul, preferred,
Chicago & Northwestern, preferred,
Chic, St. P., Minn. & Om., preferred
Cleve., Cin.,Chic & St. Lo., pref.,
Cleveland & Pittsburg, .
Delaware & Bound Brook,
Fort Wayne & Jackson, preferred,
Illinois Central (leased line), .
Jackson, Lansing & Saginaw, .
Manhattan Elevated,
Morris & Essex,
Nashville & Decatur,
New York & Harlem,
N. Y., Lackawanna & Western,
North Carolina,
Pitts., Fort Wayne & Chicago,
Pitts., McKeesport & Youghiogheny
Rensselaer & Saratoga, .
Rome, Watertown & Ogdensburg,
Southwestern, Ga.,
St. Louis Bridge, 1st preferred,
Syracuse, Geneva & Corning, .
Union Pacific, preferred,
United New Jersey R.R. & Canal,
Valley, ...
Warren,
Bank Stocks.
Farmers' Loan & Trust Co., N. Y.
Miscellaneous Stocks.
General Adjustment Bureau, .
Mahoning Investment Co.,
Book Value.
$57,348 79
90,407 00
56,223 50
19,082 90
110,071 95
1,090 00
40,914 80
31,887 86
48,878 77
67,692 56
65,966 22
51,157 74
11,724 31
96,000 00
41,341 11
102,495 00
104,750 00
27,295 00
81,753 90
100,150 10
29,250 00
149,248 30
116,839 36
51,600 00
101,313 30
41,100 00
99,887 50
113,085 00
52,963 25
53,961 00
99,750 00
19,164 72
143,560 55
2,104 00
81,848 63
Rate.
245
145
175
92i
105
110
150
66
125
162f
230
181
110
177
206
142
103
91
142|
182
192
380
127|
175
173
133
200
127*
117
140
86
94
255
130
184
Market Value.
$55,860 00
87,000 00
57,925 00
18,450 00
105,315 00
1,100 00
52,500 00
33,000 00
43,750 00
81,375 00
86,250 00
51,404 00
11,000 00
88,500 00
41,200 00
99,400 00
103,000 00
26,390 00
71,375 00
127,400 00
28,800 00
156,750 00
122,916 88
52,500 00
103,800 00
54,663 00
110,000 00
127,500 00
51,714 00
54,040 00
86,000 00
18,800 00
155,040 00
2,080 00
77,280 00
71,600 00 1,350 135,000 00
150 00
6,125 00
100
80
150 00
7,000 CO
360
QUEEN INSURANCE CO. OF AMERICA
10 shares Underw. Sal. Co., Chicago,
10 " Underw. Sal. Co., New York,
Government Bonds.
New Zealand 4s, 1929,
United States 2s, 1930,
State and Municipal Bonds.
Brooklyn, N. Y., 3*s, 1934,
Brooklyn, N. Y., 3*s, 1936,
Brooklyn, N. Y., 3*s, 1937,
Brooklyn, N. Y., 3*s, 1927,
Georgia 3*s, 1918, .
Halifax, N. S., 5s,
Manitoba 5s, 1910, .
Manitoba 4s, 1935, .
Montreal, Canada, 3*s, 1942,
Montreal, Canada, 4s, 1942,
New York 3s, 1912,
New York, N. Y., 3s, 1925,
New York, N. Y., 3s, 1920,
New York, N. Y., 3s, 1914,
New York, N. Y., 3*s, 1930,
New York, N. Y., 3*s, 1918,
New York, N. Y., 3*s, 1927,
New York, N. Y., 3*s, 1922,
New York, N. Y., 3*s, 1940,
Ottawa, Canada, 3*s, 1928,
Portland, Ore., 5s, 1923, .
Quebec, Canada, 3s, 1937,
Richmond, Va., 4s, 1920, .
Richmond, Va., 4s, 1921, .
Richmond, Va., 4s, 1923, .
Richmond, Va., 4s, 1924, .
Richmond, Va., 4s, 1929, .
Richmond, Va., 4s, 1938, .
Toronto, Canada, 3*s, 1929,
Winnipeg, Manitoba, 4s, 1919,
Railroad Bonds.
Atch., Top. & Santa Fe gen. mort. 4s, 1995,
Atlantic Coast Line 1st con. mort. 4s, 1952,
Baltimore & Ohio prior lien 3*s, 1925,
Canadian Northern 4s, 1930,
Central Pacific 1st ref. mtge. 4s, 1949,
Chic, Burl. & Quincy (111. Div.) 3*s, 1949,
Chicago & Northwestern 5s, 1921,
Chicago & Northwestern 5s, 1933,
Chicago, Rock Island & Pacific 4s, 1988,
Hocking Valley 4*s, 1999, . . ' .
111. Cent. (St. Louis Div. & Term.) 3*s, 1951,
Indiana, Illinois & Iowa 4s, 1950,
Long Island refunding 4s, 1949,
Lake Erie & Western 5s, 1937, .
Lake Shore & Mich. Southern 3*s, 1997,
Lake Shore & Mich. Southern 4s, 1928,
Metropolitan Street 5s, 1997,
Mobile & Ohio 6s, 1927, ....
New Jersey Junction 4s, 1986, .
New York" Central & Hudson River 4s, 1934,
New York & Northern 5s, 1927,
Norfolk & Western 4s, 1996,
Nor. Pac.-Gt. Nor. (C, B. & Q. col.) 4s, 1921,
Ottumwa, Cedar Falls & St. Paul 5s, 1909,
Oregon Short Line 4s, 1929,
Panama 4*s, 1917, .
Pennsylvania 6s, 1910,
Peoria & Eastern 4s, 1940,
Rochester & Pittsburg 6s, 1922,
Sioux City & Pacific 3*s, 1936, .
Third Avenue, New York, 5s, 1937,
West Shore 4s, 2361,
Book Value.
$1,000 00
1,000 00
49,000 00
10,000 00
75,000 00
290,000 00
155,000 00
5,000 00
10,000 00
66,000 00
29,400 00
35,000 00
34,066 66
70,000 00
50,000 00
25,000 00
50,000 00
150,000 00
370,000 00
25,000 00
105,000 00
50,000 00
237,000 00
27,900 00
50,000 00
24,500 00
1,500 00
1,000 00
7,000 00
2,000 00
13,500 00
25,000 00
48,428 06
12,000 00
12,000 00
49,227 08
47,997 70
48,666 66
25,000 00
47,000 00
1,000 00
37,000 00
50,000 00
25,000 00
23,593 75
24,961 30
25,000 00
25,000 00
47,000 00
74,734 38
36,000 00
50,000 00
30,000 00
74,711 12
10,000 00
28,857 95
50,000 00
6,000 00
24,250 00
12,000 00
24,362 50
24,875 00
18,000 00
48,062 50
10,000 00
50,000 00
>,605,376 78
Rate.
100
100
107
104*
93|
93*
93
94*
104f
120
102*
lOOf
89*
99*
100
88|
90*
94
94
96*
94*
95*
92|
91*
113
82f
101
101*
101*
101*
100
100
91
99*
100
96
92*
100*
98*
91f
108
112*
99|
104*
91
98*
99
H3f
94*
98
105f
123
103
97f
114
98*
96*
100f-
93*
103
106*
94
124*
92*
106*
103*
Market Value.
SI, 000 00
000 00
430 00
450 00
031 25
062 50
150 00
725 00
462 50
000 00
135 00
262 50
404 49
475 00
000 00
093 75
437 50
000 00
800 00
125 00
225 00
750 00
521 25
375 00
500 00
303 91
515 00
011 25
087 50
025 00
500 00
000 00
286 66
895 00
000 00
000 00
125 00
909 99
718 75
875 00
080 00
625 00
875 00
125 00
750 00
625 00
750 00
406 25
415 00
500 00
025 00
500 00
900 00
218 75
400 00
550 00
437 50
045 00
375 00
360 00
946 06
500 00
410 00
125 Op
650 00
750 00
52
10
70
270
144
4
10
72
30
35
30
69
50
22
45
141
347
24
99
47
219
27
56
25
1
1
7
2
13
25
44
11
12
48
46
48
24
45
1
41
49
26
22
24
24
28
44
73
38
61
30
73
11
29
48
6
23
12
25
23
22
46
10
51
$5,678,240 24
THE RELIANCE INSURANCE CO. OF PHILADELPHIA.
3G1
THE RELIANCE INSURANCE COMPANY OF PHILADELPHIA,
PHILADELPHIA, PA.
Incorporated April 21, 1841. Commenced business Aug. 9, 1844.
Paid-tip Capital, $300,000.
WILLIAM CHUBB, President. CHAS. J. WISTER, Jr., Secretary.
Home Office, J+29 Walnut Street.
Income.
Net fire premiums, ....
Deposit premiums on perpetual risks,
Interest on mortgage loans, $6,821.11; stocks and bonds
049.80; deposits, $1,210.14,
Rents, including company's own occupancy.
Profit on sale or maturity of bonds,
From all other sources, ....
Total income, ....
Ledger assets, Dec. 31, 1905, .
Total,
Disbursements.
Net amount paid for fire losses,
Deposit premiums returned, .
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, $1,644; other taxes and fees, $20,982.83
Premiums on bonds purchased,
Legal expenses, . .
Advertising, printing, stationery and supplies,
Maps, furniture and fixtures, .
Postage, telegrams and telephone, .
Traveling expenses and inspections,
All, other disbursements,
Total disbursements,
Balance, .....
Ledger Assets.
Real estate, $113,860.65; mortgages, $140,700,
Stocks and bonds (schedule A),
Cash in banks and office, ....
Agents' balances, ......
Total ledger assets, . . - .
Non-Ledger Assets.
Interest accrued : —
On mortgages, $1,315.34; bonds, $10,804.93, .
Rents accrued on company's property,
$33,
$740,981 42
10,775 73
41,081 05
6,788 49
315 00
439 28
$800,380 97
1,184,375 56
51,984,756 53
$354,372 92
8,123 50
21,000 00
190,056 26
40,050 71
2,000 00
1,660 94
22,626 83
25 00
195 00
6.717 91
4,051 58
3,728 98
22.835 19
13.836 87
$691,281 69
51,293,474 84
$254,560 65
811,205 00
108,950 38
118,758 81
$1,293,474 84
12,120 27
778 90
362
THE RELIANCE INSURANCE CO. OF PHILADELPHIA.
Market value of stocks and bonds over book value, . . . $6,797 25
Deposits on perpetual insurance on buildings owned by company, 1,035 00
Gross assets, .....
.
$1,314,206 26
Assets not admitted.
Company's stock owned, ..... $1,890 00
Agents' balances over three months due, . . . 110 91
Book value of real estate over market value, . . 2,360 65
Deposit on perpetual insurance in unauthorized co., . 150 00
4,511 56
.:.,.
Total admitted assets,
$1,309,694 70
Liabilities.
Unpaid losses, including $3,650 resisted, .
Less reinsurance, .....
Unearned premiums on outstanding risks,
Plus same on disallowed reinsurance,
Reclaimable on perpetual fire policies,
Commissions and other charges due agents and
$70,070 61
3,665 77
$618,372 39
6,179 90
brokers,
$472,178 30
$66,404 84
624,552 2$
130,851 41
15,707 86
All liabilities, except capital and surplus,
Surplus to policy holders, . .
Paid-up capital, . . . . ...
Surplus over capital and general liabilities,
$837,516 40
300,000 00
172,178 30
Total liabilities,
.
$1,309,694 70
Risks and Premit
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
JMS.
Premiums.
$93,164,017 00 $1,125,748 67
78,202,713 00 962,422 05
Total,
Risks expired and terminated,
$171,366,730 00 $2,088,170 72
64,514,652 00 805,493 73
In force at end of year, .....
Amount reinsured, .....
$106,852,078 00 $1,282,676 99
9,706,604 00 126,269 88
Net amount in force,
Perpetual risks in force (not included above),
(7,145,474 00 $1,156,407 11
;5,163,740 00 $143,908 70
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,
58,775,935 00
5,202,222 00
364,377 00
1,052,597 00
, 21,000 00
33,400 00
Schedule A. Stocks and Bonds owned by the Company.
Stocks. Book Value. Rate. Market Value.
100 shares Com. N'l B'k, Phil, (in liquidation), . $700 00 -
3 " General Adjustment Bureau, . . 150 00 100 $150 00
34 " Omaha Water Co., 1st preferred, . 1,700 00
27 " Reliance Ins. Co. of Philadelphia, . 1,350 00 146 1,971 00
THE RELIANCE INSURANCE CO. OF PHILADELPHIA.
363
Municipal Bonds.
Allegheny, Pa., 4s, 1934, .
Allegheny County, Pa., 4s, 1935,
Chester, Pa., 4s, 1926,
New York, N. Y., 3£s, 1954,
Pittsburgh, Pa., 4s, 1915,
Wilmington, Del., 4s, 1922,
Wilmington, Del., 4£s, 1921,
Railroad Bonds.
Allegheny Valley 4s, 1942,
Allegheny Valley 7s, 1910,
Allentown Terminal 4s, 1919,
Atch., Topeka & Santa Fe gen. mtge. 4s, 1995,
Atlantic Coast Line 1st con. mtge. 4s, 1952,
Baltimore & Ohio prior lien 3^s, 1925,
Camden & Atlantic 5s, 1911,
Chesapeake & Ohio 4£s, 1992, .
Chesapeake & Ohio equipment 4s, 1915,
Connecticut Ry. & Lt. 4£s, 1951,
Denver & Rio Grande 4s, 1936,
Easton & Amboy 5s, 1920,
Electric & People's Traction 4s, 1945,
Erie & Pittsburgh 3£s, 1940,
Erie prior lien 4s, 1996,
Erie general lien 4s, 1996,
Huntingdon & Broad Top Mt. R.R. & C. 5s, 1925
Lake Shore & Michigan Southern 4s, 1928,
Lehigh Valley 4*s, 1923, .
Lehigh Valley 4s, 1948, .
Lehigh Valley 4s, 2003, .
Louisville & Nashville 6s, 1919,
Missouri Pacific 5s, 1920, .
N. Y. Cent. & Hud. R. (Lake Sh. col.) 3£s, 1998,
N. Y., Phila. & Norfolk 1st mtge. 4s, 1939,
Norfolk & Western equipment 4s, 1914,
Norfolk & Western 4s, 1944,
Northern Pacific 3s, 2047, .
Nor. Pac.-Gt. Nor. joint (O, B. & Q. col.) 4s, 1921
North Pennsylvania 4s, 1936, .
Oregon Short Line 4s, 1929,
Pennsylvania 5s, 1919,
Pennsylvania equipment 4s, 1914,
Pennsylvania Co. 3^s, 1916,
Pennsylvania Co. 4s, 1931,
Pennsylvania & New York Canal 4s, 1939,
People's Passenger, Philadelphia, 4s, 1943,
Philadelphia & Baltimore Cent. 5s, 1911,
Philadelphia & Erie 5s, 1920, .
Philadelphia & Erie 4s, 1920,
Philadelphia & Reading 4s, 1937,
Philadelphia & Reading 7s, 1911,
Philadelphia Traction Co. 4s, 1917,
PittS., Cin., Chic. & St. Louis 3£s, 1949,
Reading Co. (Jersey Cent, col.) 4s, 1951,
Read. Co. & Phil. & Read. Coal & Iron 4s, 1997,
St. Louis, Iron Mt. & Southern 4s, 1933,
Second Ave. Traction, Pittsburgh, Pa., 5s, 1934,
Southern Pacific 4s, 1955,
Steubenville & Indiana 5s, 1914,
Union Traction Co., Indiana, 5s, 1919,
United New Jersey R.R. & Canal 4s, 1923,
United Traction Co., Pittsburgh, Pa., 5s, 1997,
West Jersey & Seashore 4s, 1936,
Western N. Y. & Pennsylvania 5s, 1937,
Western Pennsylvania 4s, 1928,
Miscellaneous Bonds.
Delaware River Ferry Co. 5s, 1921, . . -
Omaha Water Co. 5s, 1946,
Susquehanna Coal Co. 6s, 1911,
West Chester Lighting Co. 5s, 1950, .
Book Value.
510,000 00
10,000 00
5,000 00
48,875 00
18,000 00
10,000 00
10,000 00
10,000 00
10,000 00
15,000 00
10,000 00
14,156 25
18,587 50
30,000 00
10,000 00
14,643 00
5,000 00
9,887 50
20,000 00
9,875 00
10,000 00
14,932 00
13,617 50
10,000 00
14,906 25
25,000 00
5,000 00
14,625 00
7,000 00
15,000 00
4,531 25
5,000 00
9,815
14,887
11,056
19,221
5,000 00
9,503 75
4,000 00
10,000 00
27,115 00
4.856 25
20,000 00
10,000 00
10,000 00
25,000 00
5,000 00
10,000 00
4,000 00
4,000 00
36,000 00
9,500 00
14,356 25
4,693 75
15,000 00
4,806 25
20,000 00
4.857 50
5,000 00
10,000 00
5,000 00
5,000 00
10,000 00
6,000 00
10,000 00
5,000 00
10,000 00
$811,205 00
00
50
25
25
102£
108*,
100
100
96
92i
104
103f
93£
102
97f
111£
98
96
97
87£
102^
98
106
107£
97i
111
1041
86i
101
94i
96
74
96£
102
93i
109
98
95£
97i
101
100
102i
112
101i
101
112|
100
90£
95^
99
92
110
94f
105^
97
105
112
102£
115!
104
100
80
105
101*
Market Value.
810,337 50
10,262 50
5,087 50
45,687 50
18,247 50
10,137 50
10,650 00
10,250 00
10,850 00
15,000 00
10,000 00
14,400 00
18,450 00
31,200 00
10,362 50
14,025 00
5,100 00
9,775 00
22,300 00
9,800 00
9,600 00
14,550 00
13,125 00
10,250 00
14,700 00
26,500 00
5,375 00
14,587 50
7,770 00
15,675 00
4,312 50
5,050 00
9,412 50
14,400 00
11,100 00
19,375 00
5,100 00
9,350 00
4,360 00
9,800 00
26,740 00
4,862 50
20,200 00
10,000 00
10,225 00
28,000 00
5,062 50
10,100 00
4,490 00
4,000 00
32,580 00
9,550 00
14,850 00
4,600 00
16,500 00
4,737 50
21,100 00
4,850 00
5,250 00
11,200 00
5,106 25
5,762 50
10,400 00
6,000 00
8,000 00
5,250 00
10,150 00
$818,002 25
364
RHODE ISLAND MUTUAL FIRE INSURANCE CO.
RHODE ISLAND MUTUAL FIRE INSURANCE COMPANY,
PROVIDENCE, R. I.
Incorporated 1848. Commenced business 1848.
JOHN R. FREEMAN, President. THEODORE P. BOGERT, Secretary.
Home Office, 10 Weybosset Street.
Income.
Net premiums, $767,414 79
Interest on stocks and bonds, $36,676.25; all other, $1,698.27, . 38,374 52
Dividend Nat 'I Bank of North America in liquidation, . . 1,150 00
Total income, . . .
Ledger assets, Dec. 31, 1905, ....
Total,
Disbursements.
Net amount paid for losses, ....
Profits on terminated policies,
Salaries, fees, etc., of officers and employees,
Rents, .......
Taxes and fees, ......
Reduction in book value of stocks, .
Inspections, .......
All other disbursements, ....
Total disbursements, ....
Balance, ......
Ledger Assets.
Stocks and bonds (schedule A),
Cash in banks, ......
Premiums in course of collection,
Total ledger assets, ....
Non-Ledger Assets.
Interest due on bonds, .....
Market value of stocks and bonds over book value,
Gross assets, ......
Liabilities.
Unpaid losses, ......
Unearned premiums on outstanding risks,
Taxes accrued, ......
All liabilities, except surplus, .
Surplus, .......
Total liabilities, .....
$806,939 31
786,438 72
$1,593,378 03
$40,906 65
635,041 14
13,243 08
1,199 04
13,476 03
3,000 00
12,601 57
1,728 08
$721,195 59
$872,182 44
$792,384 97
66,993 54
12,803 93
$872,182 44
1,044 16
176,467 78
$1,049,694 38
$1,495 44
380,522 79
13,383 50
$395,401 73
654,292 65
$1,049,694 38
ROCHESTER GERMAN INSURANCE CO.
365
Risks outs'ding Dec. 31, 1905,
Risks written during 1906,
Risks and Premiums.
Amount.
$84,250,140 00
101,683,616 00
Cash Prem's.
$672,977 18
798,524 53
Conting't Prem'e.
$3,364,885 90
3,992,622 65
Total, .... $185,933,756 00
Risks expired and terminated, 89,524,545 00
,471,501 71 $7,357,508 55
710,456 13 3,552,280 65
In force at end of year,
$96,409,211 00 $761,045 58 $3,805,227 90
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1906, 93.47 per cent.
$32,779 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
100 shares Baltimore & Ohio, preferred, .
15 " Baltimore & Ohio, common,
220 " Chicago, Burl. & Quincy,
200 " Chic, Mil. & St. Paul, preferred,
Sub. to 173 sh. Ch., Mil. & St. P. pref. (10% pd.)
346 rights Chic, Mil. & St. Paul,
146 shares Chic, Mil. & St. Paul, common,
Sub. to 86 sh. Ch., Mil. & St. Paul, com. (10% pd.)
600 shares Chicago & Northwestern,
100 " Clev., Cin., Chic. & St. L., preferred
100 " Delaware & Hudson Co.,
120 " Great Northern, preferred,
120 " Gt. Northern (Iron Ore Prop.),
300 " Illinois Central,
200 " Manhattan, ....
156 " N. Y. Cent. & Hudson River, .
100 " N. Y., Lackawanna & Western,
500 " N. Y., N. H. & Hartford,
150 " Northern Pacific, .
3 " Northern Securities Co.,
1,900 " Pennsylvania,
150 ". Pitts., Ft. Wayne & Chicago, .
250 " Providence & Worcester,
200 " Rome, Watertown & Ogdensburg,
100 " Southern, preferred,
400 " Union Pacific, preferred, .
Bank Stocks.
200 shares Merch. N'l, Providence, R. I., .
100 " N'l B'k of Com., Providence, R. I.
50 " N. B. of N. A., Prov., R. I. (in liq.),
Miscellaneous Stocks.
200 shares American Tel. & Tel. Co.,
Bonds.
United States 4s, 1925,
N. Y., N. H. & Hart., conv. 3*s, 1956, op. 1911, .
American Tel. & Tel. Co. 4s, 1929,
Book Value.
$9,212 50
1,500 00
16,000 00
36,425 00
1,730 00
21,662 50
860 00
89,816 25
10,162 50
15,922 50
12,920 03
6,000 00
32,525 28
30,612 50
19,065 23
12,200 00
86,570 00
16,975 47
249 71
116,977 43
25,359 00
56,000 00
20,650 00
9,812 50
35,576 57
10,000 00
5,000 00
25,475 00
25,000 00
18,000 00
24,125 00
S792,384 97
Rate.
92*
119*
202
162f
100
33*
1481
100
198*
110
222
181
79
165*
142*
131
127f
190*
185*
165
138f
173
288
127*
94
94
160
130
10
133*
129*
112
90
Market Value.
$9,225 00
1,792 50
44,440 00
32,550 00
1,730 00
11,591 00
21,735 75
860 00
118,950 00
11,000 00
22,200 00
21,720 00
9,480 00
49,650 00
28,550 00
20,436 00
12,737 50
95,250 00
27,787 50
495 00
131,456 25
25,950 00
72,000 00
25,500 00
9,400 00
37,600 00
16,000 00
6,500 00
500 00
26,700 00
32,406 25
20,160 00
22,500 00
$968,852 75
ROCHESTER GERMAN INSURANCE COMPANY OF ROCHESTER,
NEW YORK, ROCHESTER, N. Y.
Incorporated Feb. 16, 1872. Commenced business Feb. 23, 1872.
Paid-up Capital, $500,000.
EUGENE SATTERLEE, President. H. F. ATWOOD, Secretary.
Home Office, 17 Main Street, West.
Income.
Net fire premiums, $1,126,602 66
366
ROCHESTER GERMAN INSURANCE CO.
Interest on mortgage loans, $12,002.56; collaterals, $425; stocks
and bonds, $24,336.69; all other, $4,495.83, . . . $41,260 08
Rents, 50,390 81
Profit on sale of real estate, ....... 73 27
Profit from local agency department, . . . . . 21,149 32
Premium on increase in capital, . . . . . . 300,000 00
Assessment on capital, ........ 300,000 00
Total income, . .$1,839,476 14
Ledger assets, Dec. 31, 1905, plus $300,000 increase in capital, . 1,920,498 74
$3,759,974 88
Total,
Disbursements.
Net amount paid for fire losses,
Dividends to stockholders, . . .
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Repairs and expenses on real estate,
Real estate taxes, $10,860. 89;* other taxes and fees, $31,407.33
Reduction in book value of real estate,
Adjustment expenses,
Printing and stationery,
Legal expenses,
Furniture and fixtures,
Postage,
Traveling expenses,
Underwriters' boards,
All other disbursements,
Total disbursements,
Balance,
Ledger Assets.
Real estate, $586,751.94; mortgages, $270,375,
Loans secured by collateral (700 shares United Copper Co.),
Stocks and bonds (schedule A),
Cash in banks and office, ......
Agents' balances, ........
Total ledger assets, ......
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $5,405.63; bonds, $3,449.37; other assets, $100,
Market value of stocks and bonds over book value, .
Gross assets, ........
Assets not admitted.
Agents' balances over three months due, ....
Special deposits, $20,700; liability in set off, $20,700.
Total admitted assets, . . . .
$1,003,575 60
5,000 00
305,260 40
46,763 56
23,439 24
42,268 22
152,050 45
15,490 73
11,353 58
2,622 40
14,479 49
5,838 38
15,418 44
18,482 73
17,397 62
$1,679,440 84
$2,080,534 04
$857,126 94
8,000 00
515,966 89
548,185 72
151,254 49
2,080,534 04
8,955 00
30,193 36
>,119,682 40
14,937 39
!,104,745 01
ROCHESTER GERMAN INSURANCE CO.
367
Liabilities.
Unpaid losses, including $28,965.22 resisted,
Less reinsurance, .....
Unearned premiums on outstanding risks,
Plus same on disallowed reinsurance,
$236,295.65
50,352 52
$924,446 55
2,849 62
$185,943 13
927,296 17
7,187 35
2,875 26
Salaries and other miscellaneous expenses, due
Due for reinsurance, ....
or accrued,
$981,443
10
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$1,123,301 91
500,000 00
481,443 10
Total liabilities,
.
•
$2,104,745 01
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1905, . . $164,716,277 00 $2,080,744 66
Fire risks written during 1906, . . . 140,609,189 00 1,753,863 24
Total,
Kisks expired and terminated,
. $305,325,466 00 $3,834,607 90
. 139,035,324 00 1,783,152 46
In force at end of year, ....
Amount reinsured, ....
. $166,290,142 00 $2,051,455 44
. 23,526,706 00 268,003 11
Net amount in force,
$142,763,436 00 $1,783,452 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,
Stock dividends declared from organization of company,
Dividends declared during the year,
€ompany's stock owned by directors,
.5,152,382 00
8,761,367 00
1,108,460 00
614,000 00
25,000 00
5,000 00
119,013 00
, Schedule A. Stocks and Bonds
Railroad Stocks.
200 shares Pennsylvania, .....
Bank Stocks.
200 shares German Amer., Rochester,
"200 " National, Rochester, .
Miscellaneous Stocks.
28 shares Amer. Fruit Products Co:, common,
50 " Amer. Fruit Products Co., preferred,
500 " Eastman Kodak Co., preferred, .
16 " General Ry. Signal Co., preferred,
375 " West Side Building Co., .
State and Municipal Bonds.
Georgia 4^-s, 1915,
Lachine, Canada, 4s, 1941,
Lachine, Canada, 4^-s, 1944,
Manitoba 4s, 1935, .
Montreal, Canada, 4s, 1924,
Virginia 3 s, 1991,
OWNED BY THE COMPANY.
Book Value. Rate. Market Value.
$24,000 00 138| $27,675 00
-
30
6.000 00
30,000 00
270
54,000 00
2,800 00
117*
3,283 00
4,975 00
106
5,300 00
51,433 00
116
58,000 00
1,460 00
91
1,456 00
37,500 00
75
28,125 00
12,000 00
111
11,100 00
24,375 00
93|
23,343 75
5,350 00
102i
5,112 50
51,500 00
lOOf
50,375 00
25,125 00
99
24,750 00
9,750 00
96
9,600 00
368
SECURITY INSURANCE CO. OF NEW HAVEN.
Railroad Bonds.
Nash., Chatt. & St. Louis 5s, 1928, .
Pennsylvania convertible 3^s, 1915, .
Rochester Ry. & Light Co. 5s, 1954, .
St. Louis, Iron Mt. & Southern 4s, 1929,
Santa Fe, Prescott & Phoenix 5s, 1942,
Southern 5s, 1994, ....
Toledo, St. Louis & Western 4s, 1950,
Miscellaneous Bonds.
Rochester Gas & Electric Co. 5s, 1912,
Rochester Telephone Co. 5s, 1933,
Book Value.
$10,275 00
6,500 00
41,769 44
21,375 00
26,427 09
21,225 00
41,000 00
42,325 00
24,802 36
$515,966 89
Rate.
112+
93
100
89
107f
113f
80i
100
70
Market Value.
$11,250 00
6,045 00
50,000 00
22,250 00
26,875 00
22,750 00
40,250 00
40,000 00
18,620 00
$546,160 25
SECURITY INSURANCE COMPANY OF NEW HAVEN,
NEW HAVEN, CONN.
Incorporated April, 1841. Commenced business April, 1841.
* Paid-up Capital, $500,000.
JOHN W. ALLING, President. H. C. FULLER, Secretary.
Home Office, 37 Center Street.
Income.
Net fire premiums, $1,093,033.47; marine, $16,225.95,
Interest on mortgage loans, $6,231.76; collaterals, $217.51
stocks and bonds, $59,340.93; all other, $2,028.59,
Rents, including company's own occupancy,
Profit on sale of stocks and bonds,
Borrowed money, .
Profit and loss,
Premium on increase in capital,
Brokerage account,
Munich Reinsurance Co., account overpaid,
Total income, ....
Ledger assets, Dec. 31, 1905, plus $187,500 increase in capital,
$1,109,259 42
67,818 79
3,310 86
23,947 15
75,000 00
51 16
112,500 00
632 78
821 73
$1,393,341 89
1,984,085 93
Disbursements.
,795.56; marine, $12,050.31,
Total,
Net amount paid for fire losses,
Dividends to stockholders, . ...
Commissions or brokerage, ......
Salaries, fees, etc., of officers and employees, and general expenses
Rents, including company's own occupancy,
Repairs and expenses on real estate, ....
Real estate taxes, $142.89; other taxes and fees, $36,616.50,
Loss on sale or maturity of ledger assets,
Printing and supplies, .......
Borrowed money repaid, ......
Interest, .........
Furniture and fixtures, .......
. $3,377,427 82
, $870,845 87
20,000
00
277,279 89
128,833
17
2,000
00
220 47
36,759
39
1,688
52
10,131
66
. - 75,000
00
2,621
40
1,061
39
* Cash capital Dec. 31, 1905,
Increase of capital during 1906, ......
Total, . . . . . . .
Decrease in cash capital during 1906 without distribution of assets,
Cash capital Dec. 31, 1906 >
$500,000 00
187,500 00
$687,500 00
187,500 00
$500,000 00
SECURITY INSURANCE CO. OF NEW HAVEN.
369
Maps, ........
Profit and loss, ......
Total disbursements, ....
Balance, ......
Ledger Assets.
Real estate, $63,668.92; mortgages, $123,500, .
Loans secured by collateral (schedule A),
Stocks and bonds (schedule B),
Cash in banks and office,
Agents' balances, .
Bills receivable,
Due from other companies,
Total ledger assets, ......
Non-Ledger Assets.
Interest accrued : —
On mortgages, $1,348.70; bonds, $9,023.67; collateral loans,
$67.79,
Rents accrued on company's property, ....
Market value of stocks and bonds over book value, .
$3,909 66
168 69
•
. $1,430,520
11
$1,946,907 71
$187,168 92
69,880 00
1,447,928 27
70,549 11
158,095 03
11,522
60
1,763
78
Gross assets, ......
Assets not admitted.
Agents' balances over three months due, .
Bills receivable, past due,
Book value of real estate over market value,
Due from unauthorized company, .
Total unadmitted assets,
Total admitted assets,
Liabilities.
Unpaid losses, including $1,220 resisted, .
Less reinsurance, .....
,946,907 71
10,440 16
88 40
38,169 98
$1,995,606 25
$4,624 85
3,113 43
15,668 92
3 66
23,410 86
,972,195 39
$132,760 33
18,437 38
Unearned premiums on outstanding risks,
Interest due or accrued, .....
Commissions and other charges due agents and brokers,
Due for reinsurance, ......
All liabilities, except capital and surplus, .
Surplus to policy holders, ....
Paid-up capital, ......
Surplus over capital and general liabilities,
$855,937 06
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
$114,322 95
998,157 63
2,133 34
632 78
1,011 63
1,116,258 33
500,000 00
355,937 06
$1,972,195 39
Premiums.
$175,308,096 00 $1,940,488 32
126,088,155 00 1,532,890 36
$301,396,251 00 $3,473,378 68
370
SECURITY INSURANCE CO. OF NEW HAVEN.
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Marine risks outstanding Dec. 31, 1905,
Marine risks written during 1906, .
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured, . . .
Net amount in force,
Premiums.
$110,150,628 00 $1,327,186 64
$191,245,623 00 $2,146,192 04
20,539,506 00 263,835 69
$170,706,117 00 $1,882,356 35
$267,132 00
2,671,951 00
52,939,083 00
2,692,663 00
$246,420 00
34,350 00
$15,025 16
20,017 29
$35,042 45
22,129 74
$12,912 71
1,985 15
$212,070 00 $10,927 56
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 (4 per cent.),
Company's stock owned by directors,
Schedule A. Securities held as Collateral.
Company's
Market Value.
$1,030 00
2,556 00
8,100 00
2,040 00
11,180 00
19,220 00
10,500 00
1,650 00
36,000 00
6,720 00
$98,996 00
Central New England Ry. Co. 1st mortgage 5s, 1919,
18 shares City Bank, .....
50 " United Illuminating Co., .
Connecticut Ry. & Lighting Co. 4^s, 1951, .
52 shares Edison Electric Illuminating Co.,
25 " Yale National Bank,
New Haven Street Ry. Co. 5s, 1914, .
N. Y., New Haven & Hartford R.R. 3^s, 1956, .
60 snares Third National Bank (Rockford, 111.),
15 " Southern New England Telephone Co.,
400 " Connecticut Ry. & Lighting Co.,
New Haven Water Co. 4s, 1915,
$16,993,983 00
10,689,820 00
900,193 00
14,994 00
664,281 00
50,000 00
20,000 00
103,225 00
Loaned
Thereon.
$700 00
1,840 00
4,000 00
500 00
1,000 00
3,040 00
5,000 00
15,000 00
7,480 00
1,320 00
25,000 00
5,000 00
£69,880 00
Schedule B. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value. Rate. Market Value.
100 shares Cleve., Cin., Chic. & St. L., preferred, $9,437 50 110 $11,000 00
120 " Delaware & Hudson Canal, . . 14,213 25 222 26,640 00
200 " Illinois Central, .... 20,974 60 165£ 33,100 00
100 " Mobile & Ohio, .... 9,175 00 93 9,300 00
200 " Norfolk & Western, preferred, . . 15,875 00 90 18,000 00
200 " Northern of New Jersey, . . . 19,300 00 97 19,400 00
100 " Twin City Rapid Transit, preferred, . 15,657 50 150 15,000 00
100 shares Am. Ex. Nat'l, New York, N. Y., . 11,545 77 247 24,700 00
133 " First Nat'l, New Haven, Conn., . 18,088 00 180 23,940 00
150 " Merch. Nat'l, New Haven, Conn., . 3,842 25 140 10,500 00
210 " New Haven National, Conn., . . 32,936 30 200 42,000 00
117 " Second Nat'l, New Haven, Conn., . 22,546 00 205 23,985 00
SECURITY INSURANCE CO. OF NEW HAVEN.
371
Miscellaneous Stocks.
200 shares Amer. Telephone & Telegraph Co.,
24 " Derby Gas Co.,
135 " Ousatonic Water Power Co.,
280 " So. New England Telephone Co.,
Government Bonds.
Japanese 4^s, 1925, .....
State and Municipal Bonds.
Atlanta, Ga., 3£s, 1933,
Atlanta, Ga., 3£s, 1931, .
Meriden, Conn., 4s, 1907, .
New Haven, Conn., 3-^s, 1917,
New Haven, Conn., 3-|s, 1907,
New York, N. Y., 3*s, 1954,
New York, N. Y., 3s, 1917,
New York, N. Y., 4s, 1956,
Norfolk, Va., 4s, 1936,
Railroad Bonds
Atch., Top. & Santa F6 adjustment 4s, 1995,
Atlantic Coast Line first consol. 4s, 1952,
Bing., Lester. & U, N. Y., Street 5s, 1925,
Bridgeport, Conn., Traction 5s, 1923,
Canada Southern 5s, 1908,
Canada Southern 5s, 1913,
Central Pacific 3is, 1929, . .
Chicago, Rock Island & Pacific 4s, 1934,
Cleve., Cin., Chic. & St. Louis 4s, 1993,
Connecticut Ry. & Lighting 4Js, 1951,
Consolidated 4s, 1956,
Danbury & Bethel, Conn., 5s, 1914, .
Erie prior lien 4s, 1996,
Kansas City, Ft. Scott & Memphis 4s, 1936,
Long Island guaranteed refunding 4s, 1949,
Louisville & Nashville 4s, 1923,
Louisville & Nashville & Southern joint 4s, 1952
Meriden, Conn., Horse 5s, 1924,
Milford, Holliston & Framingham St. 5s, 1918,
Minneapolis & St. Louis 4s, 1949,
Minneapolis & St. Louis (Iowa Div.) 7s, 1909,
Missouri Pacific 5s, 1920, .
Missouri Pacific 6s, 1920, .
Northern Pacific 3s, 2047, .
Oregon Short Line 4s, 1929,
Peoria & Eastern 4s, 1940,
Reading Co. (Jersey Central collateral) 4s, 1951,
St. Louis, Iron Mt. & Southern 4s, 1933,
Southern Pacific (Central Pac. col.) 4s, 1949,
Southern (Mobile & Ohio) 4s, 1938,
Southern 5s, 1994, .
Third Avenue, N. Y., 4s, 2000, .
United St. Louis 4s, 1934, .
United Traction, Albany, 4^s, 2004,
t Miscellaneous Bonds.
Amer. Telephone & Telegraph Co. 4s, 1929,
Amer. Telephone & Telegraph notes, 6s, 1907,
American Tobacco Co. 6s, 1944,
Bridgeport Hydraulic Co. 4s, 1925,
Central Leather Co. 5s, 1925,
Cleveland Electric Ilium. Co. 5s, 1927,
Col. & Hocking Coal & Iron Co. 5s, 1917,
Consolidated Gas Co., N. Y., 6s, 1909,
International Silver Co. 6s, 1948,
Laclede Gas Light Co., St. Louis, 5s, 1934,
Macon, Ga., Gas Light & Water Co. 5s, 1930,
Macon, Ga., Gas Light & Water Co. 6s, 1910,
Michigan State Telephone Co. 5s, 1924,
Newark, N. J., Consolidated Gas Co. 5s, 1948,
New London Gas & Electric Co. 5s, 1933, .
New Milford Power Co. 5s, 1932,
N. Y. Gas, El. Lt., Heat & Pow. Co. 4s, 1949,
N. Y. & Queens El. Lt. & Power Co. 5s, 1930.
People's Gas Lt. & Coke Co., Chicago, 5s, 1947,
Book Value.
$27,693 75
859 50
19,850 00
16,736 25
22,187 50
8,060 00
2,020 00
10,127 00
12,135 00
12,000 00
20,175 00
19,200 00
61,256 25
25,500 00
22,487 50
20,225 00
10,150 00
10,375 00
10,463 75
10,575 00
17,520 00
19,425 00
10,193 75
29,500 00
30,075 00
15,562 50
20,162 50
16,462 50
20,100 00
29,262 50
9,650 00
12,310 00
5,562 50
17,258 75
4,805 00
10,400 00
11,750 00
15,050 00
19,475 00
10,075 00
25,312 50
37,850 00
19,150 00
29,717 50
9,275 00
9,875 00
9.250 00
10,400 00
29,402 50
30,000 00
17,400 00
20,200 00
19,675 00
10,900 00
10,000 00
53,031 25
10,262 50
15,450 00
9.251 87
7,350 00
19,722 50
10,450 00
7,140 00
23,805 00
19,219 99
10,150 00
21,237 50
Rate.
133£
152
140
113£
90
93i
931
100
98f
100
91|
92f
102i
96f
91|
96
102
llOi
100
103
85i
90
101
102
97
101
97
82
99
96
92
111
100
93
106
1041
119^
74
93i
94
951
92
89
94
113f
88
85
104
90
100
107i
100
971
104
80
137
107
102^
95
100
99
106
100
103
82
98
102£
Market Value.
$26,700 00
912 00
18,900 00
31,780 00
22,500 00
7,480 00
1,877 50
10,000 00
11,805 00
12,000 00
18,275 00
18,525 00
61,275 00
24,156 25
22,937 50
19,200 00
10,200 00
11,050 00
10,000 00
10,300 00
17,050 00
18,000 00
10,100 00
30,600 00
29,100 00
15,150 00
19,400 00
16,400 00
19,800 00
28,800 00
9,200 00
13,320 00
5,000 00
16,740 00
4,240 00
10,450 00
11,950 00
14,800 00
18,700 00
9,400 00
23,875 00
36,800 00
17,800 00
28,200 00
11,375 00
8,800 00
8,500 00
10,400 00
27,900 00
30,000 00
16,125 00
20,000 00
19,450 00
10,400 00
8,000 00
41,100 00
10,700 00
15,375 00
9,500 00
7,000 00
19,800 00
10,600 00
7,000 00
23,690 00
16,400 00
9,800 00
20,500 00
372
THE SHAWNEE FIRE INSURANCE CO.
Southern New England Telephone Co. 5s, 1948,
Swift & Co. 5s, 1914, ....
United Illuminating Co. 4s, 1940,
Western Union Telegraph Co. 4^s, 1950,
Westinghouse Electric & Mfg. Co. 5s, 1907,
Westinghouse Electric & Mfg. Co. 5s, 1931,
Book Value.
Rate.
Market Value.
$6,185
00
115
$6,900
00
20,700
00
102
20,400
00
19,567
50
96
19,200
00
16,029
99
99^
15,920
00
10,162
50
99£
9,950
00
19,537
50
95
19,000
00
$1,447,928
27
$1,486,098 25
THE SHAWNEE FIRE INSURANCE COMPANY, TOPEKA, KAN.
Incorporated Oct. 16, 1895. Commenced business Oct. 16, 1895.
Paid-up Capital, $200,000.
JOAB MULVANE, President.
JAS. W. GOING, Secretary.
Home Office, 701 Jackson Street.
Income.
Net fire premiums, . . . .
Interest on mortgage loans, $27,447.05; collaterals, $2,812.25
stocks and bonds, $7,966 . 91 ; all other, $1 ,995 . 40,
Rents, including company's own occupancy,
Profit and loss, ........
Premium on increase in capital, .....
Total income, . . .
Ledger assets, Dec. 31, 1905, plus $100,000 increase in capital,
Total, . .
Disbursements.
Net amount paid for fire losses,
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,
Taxes and fees, .....
Premiums on securities purchased, .
Advertising, printing and stationery,
Exchange and postage, ....
Furniture and fixtures,
Express and freight, ....
All other disbursements,
Total disbursements,
Balance, .....
Ledger Assets.
Real estate, $38,001.15; mortgages, $616,785,
Loans secured by collateral (schedule A),
Stocks and bonds (schedule B),
Cash in banks and office,
Agents' balances, .....
Bills receivable, .....
Total ledger assets,
$690,997 53
40,221 61
1,053 25
669 13
100,000 00
,941 52
768,681 94
,601,623
46
1256,164
52
10,000
00
175,338
33
35,141
77
1,725
00
2,001
87
11,210
87
1,242
97
10,867
90
3,789
98
1,001
43
1,684
91
11,538 69
$521,708 24
1,079,915 22
$654,786 15
29,618 00
198,246 18
89,605 83
105,454 63
2,204 43
1,079,915 22
THE SHAWNEE FIRE INSURANCE CO.
373
Non-Ledger Assets.
Interest accrued : —
On mortgages, $10,250.49; bonds, $1,235.27; collateral loans,
$183.42, .
Rents accrued on company's property, .....
Market value of real estate over book value,
Gross assets, ......
Assets not admitted.
Agents' balances over three months due, .
Bills receivable, past due, ....
Book value of stocks and bonds over market value,
Total unadmitted assets,
Total admitted assets, ....
Liabilities.
Unpaid losses, ......
Less reinsurance, ......
Unearned premiums on outstanding risks,
Plus same on disallowed reinsurance,
Due for reinsurance, .....
All other liabilities, . . . .
All liabilities, except capital and surplus, .
Surplus to policy holders,
Paid-up capital, ......
Surplus over capital and general liabilities,
.1,669 18
80 00
1,998 85
. $383 55
816 29
. 4,251 50
$1,093,663 25
5,451 34
$33,076 29
2,174 67
$674,464 27
7,285 80
$1,088,211 91
$30,901 62
681,750 07
1,832 51
133 32
$373,594 39
$714,617 52
200,000 00
173,594 39
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, .....
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$76,691,807 00
83,148,652 00
$159,840,459 00
61,695,691 00
144,768 00
4,284,659 00
,088,211 91
Premiums.
.,042,089 62
889,363 73
,931,453 35
641,672 07
.,289,781 28
60,686 12
$93,860,109 00 $1,229,095 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,
Dividends declared during the year,
Schedule A. Securities held as Collateral.
54,446,844 00
2,017,225 00
258,222 00
74,000 00
10,000 00
50 shares Merchants' Nat'l Bank, Topeka, Kan.,
8 " Nat'l Bank of America, Salina, Kan.,
Kansas City, Mexico & Orient Ry. Co. 4s, 1951, .
Company's
Market Value.
$7,500 00
1,800 00
20,000 00
Loaned
Thereon.
$3,618 00
1,200 00
10,000 00
374
SOUTHERN INSURANCE CO. OF NEW ORLEANS.
398 shares Am. Cement Plaster Co., Lawrence, Kan.,
7 " Nat'l Bank of America, Salina, Kan.,
Policy No. 88423, Massachusetts Mutual Life Ins. Co.
Policy No. 19096 Illinois Life Ins. Co.,
Policy No. 203588 Union Central Life Ins. Co.,
20 shares Watson Durand, Kasper Grocery Co.,
10 " Aetna Building & Loan Association,
Kansas Salt Co., Hutchinson, Kan., 5s, 1912,
Company's
Market Value.
$24,000 00
1,575 00
1,600 00
498 00
495 00
2,000 00
1,916 63
20,000 00
$81,384 63
Loaned
Thereon.
$5,000 00
2,400 00
2,400 00
5,000 00
$29,618 00
Schedule B. Stocks and Bonds owned by the Company.
Stocks. Book Value. Rate.
6 shares Bank of Topeka, Kan., . . . $600 00 200
10 " Underwriters' Salvage Co., Chicago, . 1,000 00 100
1 share Western Adjt. & Inspection Co., Chicago, 100 00 100
State, County and Municipal Bonds.
Baxter Springs, Kan., 6s, 1912, . . . 3,000 00 104f
Blue Rapids, Kan., 5s, 1925, . . . . 15,000 00 91^
Burlingame, Kan., 5s, 1923, . . . . 10,000 00 100
Center Township, Jewell County, Kan., 4s, 1926,. 10,000 00 75
Chariton County, Mo., 6s, 1909-14, . . . 24,000 00 104|
Dex. S. Dist. No. 8, N. M., 6s, 1936, opt. 1916, . 3,200 00 103£
Eden Township, Sumner County, Kan., 4|s, 1917, 2,000 00 90^
Farms Sc. Dist. No. 2, N. M., 6s, 1936, opt. 1916, . 3,000 00 103^
Graham County, Kan., 6s, 1915, . . . 1,000 00 105
Haynesville, Pratt County, Kan., 5s, 1921, . . 8,000 00 90^
Iola, Allen County, Kan., 4£s, 1921, . . . 5,000 00 95
Lake ArthurS. D."No. 20, N.M., 6s, 1936, opt. 1916, 6,500 00 103£
Marion County, Kan., 5$s, 1922, . . . 25,000 00 108
Marquette, Kan., 5s, 1927, .... 12,000 00 88£
Rooks County, Kan., School Dist. No. 6, 5s, 1912-
14-16-18-21, 13,800 00 93|
Salina, Kan., 5s, 1907-12, . . . . 10,560 00 100
Salina, Kan., 5s, 1907-14, .... 14,800 00 100
Santa Fe, N. Mex., 4s, 1926, .... 4,300 00 93
St. Paul, Kan., 6s, 1910, 5,000 00 100
Strong City, Kan., 5s, 1926, .... 4,500 00 91
Sumner Township, Kan., 4fs, 1917, . . . 1,000 00 90£
Topeka, Kan., 6s, 1907, 386 18 100
Union Township, Jefferson County, Kan., 4£s, 1914, 2,500 00 91£
Miscellaneous Bonds.
Kansas Salt Company 5s, 1912, . . . 12,000 00 98
$198,246 18
00
00
00
00
Market Value.
$1,200 00
1,000 00
100 00
3,131 25
13,725 00
10,000 00
7,500 00
25,080 00
3,312 00
1,810
3,105
1,050
7,240
4,750 00
6,727 50
27,000 00
10,620 00
12,851 25
10,560 00
14,800 00
3,999 00
5,000 00
4,095 00
905 00
386 18
2,287 50
11,760 00
$193,994 68
SOUTHERN INSURANCE COMPANY OF NEW ORLEANS,
NEW ORLEANS, LA.
Incorporated Oct. 20, 1882. Commenced business Nov. 20, 1882.
Paid-up Capital, $200,000.
ROBT. DICKSON, President. SCOTT McGEHEE, Secretary.
Home Office, 727 Gravier Street.
Income.
Net fire premiums, $494,610.85; marine, $2,055.23, . . . $496,666 08
Interest on stocks and bonds, $15,980.09; all other, $71.62, . 16,051 71
Total income, $512,717 79
Ledger assets, Dec. 31, 1905, 476,244 48
Total,
,962 27
SOUTHERN INSURANCE CO. OF NEW ORLEANS.
375
Disbursements.
Net amount paid for fire losses, $126,745.43; marine, $492.53,
Dividends to stockholders, ......
Commissions or brokerage,
Salaries, fees, etc., of officers and employees, .
Rents, ..........
Taxes and fees, ........
Reduction in book value of bonds, .....
General expenses, ........
Total disbursements, ......
Balance, ........
Ledger Assets.
Stocks and bonds (schedule A),
Cash in banks and office, ......
Agents' balances, ........
Maps, . . . .
Total ledger assets, ......
Assets not admitted.
Maps, ........
Agents' balances over three months due, .
Book value of stocks and bonds over market value,
Total unadmitted assets,
Total admitted assets, ....
Liabilities.
Unpaid losses, including $1,190 resisted, .
Less reinsurance, .....
Unearned premiums on outstanding risks,
Due for reinsurance,
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$1,924 29
2,777 95
13,204 00
$37,589 00
1,224 00
$297,833 45
^Total liabilities,
Risks and Premiums.
$127,237 96
16,224 00
116,408 20
37,759 39
10,935 24
10,873 26
4,725 00
24,595 44
,758 49
,203 78
$421,885 00
43,847 29
172,547 20
1,924 29
$640,203 78
17,906 24
$622,297 54
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, ....
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Marine risks written during 1906,
Risks expired and terminated,
$12,593,058 00
40,793,099 00
$53,386,157 00
19,851,571 00
$33,534,586 00
587,533 00
1,365 00
280,488 27
7,610 82
$324,464 09
200,000 00
97,833 45
$622,297 54
Premiums.
$240,815 59
630,705 54
$871,521 13
329,434 42
$542,086 71
10,207 08
$32,947,053 00 $531,879 63
$585,571 00
585,571 00
$2,169 68
2,169 68
376
SPRING GARDEN 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,
Dividends declared during the year (8 per cent.),
Company's stock owned by directors,
58,918,530 00
4,102,944 00
145,950 00
493 00
457,215 00
16,000 00
87,100 00
Schedule A. Stocks and Bonds owned by the Company.
Stock.
1 share Louisiana Sugar Exchange,
State and Municipal Bonds.
Lafourche Levee 5s, 1954,
Louisiana 4s, 1914, .
New Orleans, La., 4s, 1942,
Book Value.
$75 00
27,500 00
153,510 00
240,800 00
$421,885 00
Rate.
56
109
100*
102*
Market Value.
$56 00
27,250 00
150,750 00
230,625 00
$408,681 00
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.
Home Office, J/.81 Walnut Street.
Income.
Net fire premiums,
Deposit premiums on perpetual risks,
Interest on mortgage loans, $3,887.61; stocks and bonds
676.17; deposits, $1,796.70,
Rents, .....
Profit on sale of stocks and bonds, .
From all other sources, .
Total income,
Ledger assets, Dec. 31, 1905, .
Total,
Disbursements.
Net amount paid for fire losses,
Deposit premiums returned, ....
Dividends to stockholders, ....
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees,
Rents, ........
Repairs and expenses on real estate,
Real estate taxes, $1,390.32; other taxes and fees,
Loss on sale of stocks and bonds,
Advertising and subscriptions,
Printing and stationery,
Maps and surveys,
Profit and loss,
Traveling expenses, . ■
$64,-
,043.37,
51,428,772 79
12,178 99
70,360 48
1,628 90
4,043 65
2,072 83
51,519,057 64
2,016,180 03
5,535,237
67
$880,875 91
22,806
86
12,000
00
309,131
32
47,704
56
2,000
00
2,194
69
34,433
69
1,019
00
4,285
10
7,487
17
4,066
62
958
25
1,354
06
SPRING GARDEN INSURANCE CO.
377
Underwriters' boards and patrol, .....
All other disbursements, ......
Total disbursements, ......
Balance, ........
Ledger Assets.
Real estate, $130,935.75; mortgages, $105,365,
Stocks and bonds (schedule A),
Cash in banks and office, .
Agents' balances, . .
Total ledger assets, .......
Non-Ledger Assets.
Interest accrued on mortgages, .....
Due from other companies, ......
Gross assets, ........
Assets not admitted.
Agents' balances over three months due, . . . $1,942
Book value of real estate over market value, . . 17,167
Book value of stocks and bonds over market value, . 44,785
Due from unauthorized companies, .... 8,053
Total unadmitted assets, ....
$17,997 69
75,560 29
,423,875 21
5,111,362 46
. $236,300 75
. 1,528,606 43
72,566 51
273,888 77
. $2,111,362 46
1,354 55
12,799 84
$2,125,516 85
56
21
18
57
Total admitted assets, . . . ...
Liabilities.
Unpaid losses, including $16,533.14 resisted, . $180,465
Less reinsurance, ...... 23,599
Unearned premiums on outstanding risks, . $1,022,527
Plus same on disallowed reinsurance, . . 58,337
Reclaimable on perpetual fire policies, ....
Commissions and other charges due agents and brokers,
71,948 52
!,053,568 33
99
13 $156,866 86
90
10 1,080,865 00
335,251 69
2,125 00
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$478,459 78
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured, .
Net amount in force,
Perpetual risks in force (not included above),
$168,573,057
188,085,456
,575,108 55
400,000 00
78,459 78
$2,053,568 33
Premiums.
00 $1,983,658 09
00 2,348,630 02
$356,658,513
159,949,048
00 $4,332,288 11
00 1,977,600 76
$196,709,465
33,305,412
00 $2,354,687 35
00 403,681 64
$163,404,053
$15,946,485
00 $1,951,005 71
00 $366,946 32
378
SPRING GARDEN INSURANCE 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,
Dividends declared during the year (3 per cent.),
Company's stock owned by directors,
Schedule A. Stocks and Bonds owned by the
Railroad Stocks.
100 shares Atchison, Topeka & Santa F6, pref., .
200 " Interborough-Met. Co., preferred,
110 " Interborough-Met. Co. Cum. tr. ctfs., .
200 " Louisville & Nashville,
200 " Manhattan, . . . ' .
Bank Stocks.
100 shares 4th St. National, Philadelphia, .
Miscellaneous Stocks.
900 shares Consolidated Gas Co., N. Y.,
400 " People's Gas Light & Coke Co., Chicago,
5 " Underwriters' Salvage Co., N. Y.,
Municipal Bonds.
East Portland, Ore., 6s, 1921,
New York, N. Y., 3*s, 1914,
New York, N. Y., 3*s, 1953,
New York, N. Y., 3*s, 1954,
Philadelphia, Pa., 3*s, 1934,
Portland, Ore., 5s, 1923, .
Port of Portland, Ore., 4s, 1934,
Richmond, Va., 4s, 1940, .
Railroad Bonds.
Atchison, Topeka ,& Santa F6 4s, 1955,
Choctaw, Oklahoma & Gulf 5s, 1919, .
Choctaw, Oklahoma & Gulf 5s, 1952, .
Citizens' Street, Indianapolis, Ind., 5s, 1933,
Cleveland, Akron & Columbus 4s, 1940,
Consolidated Traction, N. J., 5s, 1933,
East St. Louis & Suburban 5s, 1932, .
Grand Rapids & Indiana 4*s, 1941, .
Kansas City Southern 3s, 1950,
Lehigh Valley 4s, 2003, ....
Lehigh Valley Coal 5s, 1933,
N. Y., Philadelphia & Norfolk 1st mortg. 4s, 1939
N. Y., Phila. & Norfolk income mortg. 4s, 1939,
Norfolk & Western 4s, 1944,
Norfolk & Western equipment trust 4s, 1909,
Pennsylvania collateral notes, 4*s, 1907,
Portland, Ore., 5s, 1930, .
Rochester Street 5s, 1930,
Rochester Street 5s, 1933,
Southern equipment trust 4*s, 1908,
Southern equipment trust 4*s, 1909,
St. Louis Merchants Bridge Terminal 5s, 1930,
St. Louis & San Francisco 4s, 1951,
Western Maryland 4s, 1952,
Wilmington & Northern 5s, 1932,
Miscellaneous Bonds.
Consolidated Gas Co., N. Y., 6s, 1909,
Edison Electric Light Co., Philadelphia 5s, 1946,
International-Navigation Co., N. J., 5s, 1929,
Mortgage Trust Co., Pa., 4s, 1908,
Philadelphia Co. 5s, 1949, .
United States Steel Corporation 5s, 1963, .
Book Value.
$10,359 63
24,925 00
30,687 50
25,962 50
18,085 00
158,837 50
42,750 00
500 00
20,320 00
25,165 63
50,937 50
25,937 50
102,250 00
1,150 55
2,050 00
21,150 00
52,119 00
26,546 00
27,095 00
26,883 00
18,620 00
54,150 00
51,157 50
27,098 00
36,106 00
24,443 75
24,438 25
15,669 75
24,075 00
48,250 00
9,910 00
49,562 50
24,937 50
38,788 50
48,370 00
24,810 00
25,087 50
10,287 50
65,663 00
22,525 00
26,500 00
26,900 00
22,297 37
50,212 50
25,000 00
26,645 50
13,390 00
$1,528,606 43
57,916,454 00
896,825 00
2,085,215 00
200,000 00
12,000 00
22,900 00
Company.
Rate. Market Value.
',900 00
99
74
35*
143*
142f
307
138
98*
100
118
97
91*
91|
lOlf
113
100
lOlf
104*
105
108*
105
95f
105*
100
105
71*
97*
110*
101
94*
96
98*
100
100
108
103
99*
99*
112
82
82
101
137
105f
86
90
107
96|
14,800 00
3,877 50
28,625 00
28,550 00
30,700 00
124,200 00
39,300 00
500 00
18,880 00
24,250 00
45,750 00
22,843 75
101,750 00
1,130 00
2,000 00
20,350 00
52,250 00
26,250 00
27,125 00
26,250 00
18,168 75
52,750 00
50,000 00
26,250 00
35,750 00
24,312 50
27,625 00
15,150 00
28,350 00
48,000 00
9,812 50
50,000 00
25,000 00
38,880 00
51,500 00
24,875 00
24,781 25
11,200 00
61,500 00
20,500 00
25,250 00
30,825 00
26,437 50
43,860 00
22,500 00
26,750 00
14,512 50
$1,483,821 25
STATE MUTUAL FIRE INSURANCE CO.
379
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,
Interest on stocks and bonds, $44,076.50; all other, $4,190.25,
Dividend Lime Rock National bank, in liquidation, .
Total income, .......
Ledger assets, Dec. 31, 1905, ......
Total,
Disbursements.
Net amount paid for losses, . . .
Profits on terminated policies, .....
Salaries, fees, etc., of officers and employees,
Rents, ..........
Taxes and fees, ........
Inspections, .........
Reduction in book value of stocks and bonds, .
Total disbursements, ......
Balance, ........
Ledger Assets.
Stocks and bonds (schedule A),
Cash in banks and office, ......
Premiums in course of collection, .....
Total ledger assets, .......
Non-Ledger Assets.
Interest due and accrued on bonds, ....
Market value of stocks and bonds over book value, .
Gross assets, ........
Liabilities.
Unpaid losses, ........
Unearned premiums on outstanding risks,
Taxes accrued, ........
All liabilities, except surplus, .....
Surplus, .........
Total liabilities,
$1,156,028 47
48,266 75
750 00
$1,205,045 22
1,196,809 49
$2,401,854 71
$57,847 42
968,144 84
20,513 47
4,350 56
20,577 65
19,135 03
6,353 25
,096,922 22
,304,932 49
,184,840 00
103,021 20
17,071 29
,304,932 49
1,441 67
27,450 50
$1,333,824 66
$2,335 13
572,665 91
18,907 80
$593,908 84
739,915 82
$1,333,824 66
380
STATE MUTUAL FIRE INSURANCE CO.
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outs'ding Dec. 31, 1905, $127,689,910 00 $1,031,144 19 $5,155,720 95
Risks written during 1906, . 152,453,192 00 1,206,249 27 6,031,246 35
Total, .
Risks expired and terminated,
In force at end of year, .
,143,102 00
135,998,409 00
52,237,393 46 $11,186,967 30
1,092,061 64 5,460,308 20
$144,144,693 00 $1,145,331 82 $5,726,659 10
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1906, 92.87 per cent.
$50,397 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
21 shares Albany & Susquehanna, .
200 " Boston & Providence, .
500 " Chicago, Great Western debenture, .
246 " Chicago, Milwaukee & St. Paul, com.,
Subscrip. to 111 sh. C, M. & St. P., com. (10% pd.),
200 snares Chic, Milwaukee & St. P., preferred,
Subscrip. to 223 sh. C, M. & St. P., pref. (10% pd.),
446 rights Chicago, Milwaukee & St. Paul,
540 shares Chicago & Northwestern,
200 " Cleve., Cin., Chic. & St. Lo., preferred
700 " Cleveland & Pittsburgh .
300 " Illinois Central leased lines,
400 " Manhattan, ....
500 " Morris & Essex,
350 " N. Y., Lackawanna & Western,
150 " New York, New Haven & Hartford,
200 " Northern Pacific, .
500 " Old Colony, ....
1,400 " Pennsylvania,
400 " Pitts., Bessemer & Lake Erie, pref.,
400 " Pitts., Ft. Wayne & Chicago, guar.,
400 " Rome, Watertown & Ogdensburg,
100 " Southern, preferred,
400 " Union Pacific, preferred,
420 " West End Street, .
Bank Stocks.
110 shares Merchants' National. Prov., R. I.,
Miscellaneous Stocks.
200 shares American Telephone & Telegraph Co
Municipal Bonds.
Boston, Mass., 3*s, 1930, . . .
Boston, Mass., 3*s, 1937, ....
Providence, R. I., 4s, 1925,
Railroad Bonds.
N. Y., N. H. & Hartford convertible 3*s, 1956,
Miscellaneous Bonds.
American Telephone & Telegraph Co. 4s, 1929,
Book Value.
$5,000 00
54,000 00
44,300 00
38,600 00
1,110 00
37,000 00
2,230 00
91,500 00
23,000 00
65,000 00
31,500 00
60,900 00
45,700 00
42,000 00
27,250 00
40,500 00
92,500 00
95,250 00
30,800 00
69,400 00
47,200 00
10,000 00
37,000 00
39,400 00
5,900 00
28,500 00
30,000 00
14,000 00
50,000 00
6,000 00
19,300 00
Rate.
245
298
80
148|
100
162f
100
33*
198*
110
177
103
142f
182
127f
190*
185i
198
138|
145
173
127*
94
94
184
160
133*
96*
95*
104*
112
90
Market Value.
$5,145 00
59,600 00
40,000 00
36,623 25
1,110 00
32,550 00
2,230 00
14,941 00
107,055 00
22,000 00
61,950 00
30,900 00
57,100 00
45,500 00
44,581 25
28,575 00
37,050 00
99,000 00
96,862 50
29,000 00
69,200 00
51,000 00
9,400 00
37,600 00
38,640 00
8,800 00
26,700 00
28,837 50
13,370 00
52,250 00
6,720 00
18,000 00
,184,840 00
.,212,290 50
ST. PAUL FIRE AND MARINE INSURANCE CO.
381
ST. PAUL FIRE AND MARINE INSURANCE COMPANY;
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, $3,190,792 . 62 ; marine, $469,378 . 67, .
Interest on mortgage loans, $31,029.72; collaterals, $375.57
stocks and bonds, $118,419.27; all other, $12,425.21, .
Rents, including company's own occupancy,
Profit on sale of ledger assets, .....
Profit and loss, ........
Commissions, ........
Total income,
Ledger assets, Dec. 31, 1905, .
Total, .
1,660,171 29
162,249 77
30,928 59
15,261 00
553 92
5,677 49
Disbursements.
Net amount paid for fire losses, $2,416,096.37; marine, $260,
984.41,
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, $5,007.80; other taxes and fees, $102,145.44,
Loss on sale of ledger assets, .
Adjustment expenses,
Advertising, printing and stationery,
Inspections, etc., ....
Pacific coast department,
Exchange, .....
Legal expenses, ....
Maps,
Postage, express, telegrams and telephone,
Minnesota Insurance Department examination,
Traveling expenses, etc., ....
All other disbursements, ....
Total disbursements, ....
Balance, ......
Ledger Assets.
Real estate, $319,293.93; mortgages, $622,410,
Stocks and bonds (schedule A),
Cash in banks and office, ....
Agents' balances, ......
^3,874,842 06
4,568,883 34
58,443,725 40
',677,080 78
50,000 00
838,142 11
116,049 01
6,000 00
10,774 89
107,153 24
5,363 05
22,721 85
16,036 87
33,583 13
44,538 57
900 52
6,181 62
3,636 96
18,460 37
782 34
32,565 24
7,414 82
5,997,385 37
£,446,340 03
$941,703 93
2,735,962 75
302,051 03
331,600 00
382
ST. PAUL FIRE AND MARINE INSURANCE CO.
Bills receivable, ......
Due from other companies, ....
Total ledger assets, ....
Assets not admitted.
Agents' balances over three months due, .
Bills receivable, past due, ....
Special deposits less $50,894 . 03 liability thereon,
Due from unauthorized companies,
Book value of stocks and bonds over market value,
Total unadmitted assets,
Total admitted assets, ....
Liabilities.
Unpaid losses, including $31,173 resisted,
Less reinsurance, ......
Unearned premiums on outstanding risks, . $
Plus same on disallowed reinsurance,
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,
$24,088 42
110,933 90
.
$4,446,340 03
. $7,150 72
. 2,252 10
. 45,818 47
. 55,022 80
. 17,795 75
128,039 84
.
$4,318,300 19
$474,942 69
55,539 36
2,647,192 62
49,547 64
ers,
$419,403 33
2,696,740 26
3,726 76
1,198,429 84
$3,119,870 35
500,000 00
.
698,429 84
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905, . . $349,989,499
Fire risks written during 1906, . . . 249,425,295
Total, . . . . . . $599,414,794
Risks expired and terminated, . . . 212,452,839
In force at end of year, ..... $386,961,955
Amount reinsured, ..... 26,436,440
Net amount in force,
Marine risks outstanding Dec. 31, 1905, . . $3,507,567
Marine risks written during 1906, . . . 104,207,514
Total, . $107,715,081
Risks expired and terminated, . . . 103,739,798
:,318,300 19
Premiums.
00 $4,819,227 04
00 4,031,822 45
00 $8,851,049 49
00 3,609,304 64
00 $5,241,744 85
00 383,132 65
$360,525,515 00 $4,858,612 20
00 $108,563 38
00 698,758 39
00 $807,321 77
00 641,898 26
In force at end of year, .
Amount reinsured,
Net amount in force,
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,
[,975,283 00 $165,423 51
746,774 00 , 48,105 61
$3,228,509 00 $117,317 90
$46,627,580 00
. 28,577,346 00
. 2,544,374 00
294,858 00
ST. PAUL FIRE AND MARINE INSURANCE CO.
383
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors,
$1,846,694 00
50,000 00
160,000 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
300 shares Great Northern (preferred),
300 " Great Northern (Iron Ore Prop.),
320 " Northern Pacific,
8 " Northern Securities Co.,
Bank Stocks.
50 shares First National, Stillwater, Minn.,
320 " First National, St. Paul, Minn., .
25 " First National, St. Peter, Minn.,
250 " Merchants National, St. Paul, Minn.,
100 " Nat'l German American, St. P., Minn.
50 " Northwestern Trust, St. Paul, Minn.,
100 " Second National, St. Paul, Minn.,
Miscellaneous Stocks.
30 shares Mackay Companies (preferred), .
70 " No. Am. Tel. Co., Minneapolis, Minn.,
10 " Underwriters' Salvage Co., Chic, 111.,
78 " West Pub. Co. (preferred),
24 " West Pub. Co. (common), .
1 share West. Adjust. & Inspec. Co., Chicago,
State, County and Municipal Bonds.
Aberdeen, S. D., 4|s, 1915, op. 1911, .
Aitkin, Minn., School District 4s, 1931,
Andover, S. D., School District 5s, 1921,
Baker City, Ore., 5s, 1920,
Bird Island, Minn., 5s, 1925,
Brookings, S. D., 5s, 1921,
Canton, S. D., 5s, 1908, .
Detroit, Minn., School District 6s, 1910,
Elmore, Minn., 5s, 1907, .
Fairmont, Minn., 5s, 1925,
Faribault, Minn., 4s, 1916,
Fulda, Minn., 5s, 1917,
Fulda, Minn., 5^s, 1913, .
Gaylord, Minn., 6s, 1910, .
Georgia 3^s, 1920, .
Glencoe, Minn., 6s, 1917, .
Grand Forks, N. D., 4£s, 1925,
Grand Forks, N. D., 6s, 1910,
Grant County, N. M., 5s, 1932,
Great Falls, Mont., 5s, 1918,
Guthrie, Okla., 4£s, 1931,
Hector, Minn., 5s, 1922, .
Jo Davies, Minn., 5s, 1908,
Kiester, Minn., 5s, 1914, .
Lacqui Parle County, Minn., Sch. Dist. 5s, 1914,
Lake County, Colo., 4s, 1921,
Lakefield, Minn., 5s, 1914,
Lanesbaro, Minn., 5s, 1916,
Lewiston, Mont., 5s, 1926, op. 1916,
Milbank, S. D., 5s, 1924, op. 1914,
Minot, N. D., 5s, 1925,
Missoula County, Mont., 6s, 1916,
Mitchell, S. D., 5s, 1925, op. 1915,
Morgan, Minn., 5s, 1909, .
Morton County, N. D., 4-Js, 1925,
Nelson County, N. D., 6s, 1914,
Northfield, Minn., 5s, 1914,
Perham, Minn., 5s, 1925, .
Portland, Ore., 4s, 1933, .
Redwood Falls, Minn., 5s, 1918,
Richmond, Va., 4s, 1930, .
Roberts County, S. D., 6s, 1908,
Seely, Minn., 5s, 1909,
Sibley, Iowa, School District 6s, 1913,
Sioux Falls, S. D., 5s, 1923,
Book Value.
$53,437 50
22,500 00
60,800 00
2,200 00
10,500 00
83,200 00
3,750 00
36,250 00
14,500 00
5,250 00
14,000 00
2,250 00
5,250 00
1,000 00
8,190 00
6,600 00
125 00
11,000 00
18,000 00
10,300 00
13,780 00
7,350 00
15,450 00
16,640 00
5,200 00
500 00
10,500 00
36,000 00
4,000 00
7,000 00
2,000 00
10,000 00
8,800 00
9,180 00
4,200 00
10,400 00
5,325 00
24,000 00
6,000 00
5,500
8,500
8,320
2,720
8,320 00
5,000 00
15,600 00
23,920 00
22,365 50
11,200 00
21,000 00
4,500 00
31,620 00
10,946 00
42,100 00
15,900 00
50,000 00
6,300 00
25,000 00
12,360 00
11,000 00
8,240 00
54,075 00
00
00
00
00
Rate.
181
79
185i
165
175
268
150
162
158
125
165
68^
95
100
108
375
100
101
961
95
1041
106*
105
99
104
100
107f
99|
104
104
103
105f
112
100
104f
103
105i
100
104
100
100
1041
82
103
1051
104
103
100
113
105
100
101*
106"
106
109
lOlf
104i
100
101
100
105
105
Market Value.
$54,300 00
23,700 00
59,280 00
1,320 00
8,750 00
85,760 00
3,750 00
40,500 00
15,800 00
6,250 00
16,500 00
2,055 00
6,650 00
1,000 00
8,424 00
9,000 00
100 00
11,110 00
17,325 00
9,500 00
13,633 75
7,428 75
15,750 00
15,840 00
5,200 00
500 00
10,775 00
35,685 00
4,160 00
7,280 00
2,060 00
10,537 50
8,960 00
9,000 00
4,175 00
10,300 00
5,262 50
23,000 00
6,240 00
5,500 00
8,500 00
8,360 00
2,788 00
8,240 00
5,275 00
15,600 00
23,690 00
21,000 00
11,300 00
21,000 00
4,500 00
31,465 00
10,600 00
42,400 00
16,350 00
50,875 00
6,255 00
25,000 00
12,120 00
11,000 00
8,400 00
54,075 00
384
TEUTONIA INSURANCE CO. OF NEW ORLEANS.
Spokane, Wash., School District 6s, 1910,
Staples, Minn., 5^s, 1906, .
Thief River Falls, Minn., 5s, 1925,
Tracy, Minn., 5s, 1911,
Wabasha, Minn., 6s, 1908,
Walla Walla, Wash., 4is, 1919,
Webster, S. D., 5s, 1925, op. 1915,
Webster, S. D., School District 5s, 1925,
Wells, Minn., 6s, 1907,
Winnebago City, Minn., 5s, 1908,
Railroad Bonds.
Atch., Top. & Santa Fe (East. Okla. Div.) 4s, 1928,
Baltimore & Ohio 1st mortgage 3^s, 1925,
Chesapeake & Ohio 4^s, 1992, .
Chicago & Alton Equipment Association 4s, 1912
Chic, Burl. & Quincy (Illinois Div.) 4s, 1949,
Chicago, Rock Island & Pacific 4s, 1934,
Iowa Central 5s, 1938,
Louisville & Nashville 4s, 1940,
Milwaukee Elec. R'y & Light Co. 4^s, 1931,
Minneapolis, Lyndale & Minnetonka 5s, 1919,
Missouri, Kansas & Eastern 5s, 1942,
Missouri, Kansas & Texas (St. Lo. Div.) 4s, 2001
Missouri, Kansas & Oklahoma 5s, 1942,
Missouri Pacific 5s, 1917, .
New Orleans Terminal Co. 4s, 1953,
North Chicago Street 4^s, 1931,
Northern Pacific 4s, 1997,
Northern Pacific 3s, 2047,
North. Pac. & Gt. North. (C, B. & Q. coll.) 4s, 1921,
Pere Marquette (L. E. & Det. R. Div.) 4is, 1932,
St. Lo., Iron Mt. & South. (R. & G. Div.) 4s, 1933
St. Louis, Memphis & So. Eastern 4£s, 1909,
St. Louis & San Francisco 4-|s, 1912, .
St. Paul City 5s, 1937, ....
Spokane & Inland Empire 5s, 1926, .
Union Pacific 4s, 1947, ....
Miscellaneous Bonds.
Detroit Edison Electric Co. 5s, 1933, .
Edison Electric Co., Los Angeles, Cal., 5s, 1922,
Laclede Gas Light Co., St. Louis, 5s, 1919, .
Laclede Gas Light Co., St. Louis, 5s, 1934, .
Minneapolis Gas Light Co. 6s, 1930, .
Omaha Electric Light & Power Co. 5s, 1933,
Portland, Ore., General Electric Co. 5s, 1935,
St. Joseph, Mo., Light, Heat & Power Co. 5s, 1937
St. Paul Gas Light Co. 6s, 1918,
St. Paul Gas Light Co. 6s, 1915,
St. Paul Gas Light Co. 5s, 1944,
Seattle-Tacoma Power Co. 5s, 1925, .
Union Elec. L. & Power Co., St. L., Mo., 5s, 1932,
Book Value.
$52,500 00
4,000 00
26,250 00
20,700 00
41,110 00
5,250 00
10,300 00
17,850 00
1,300 00
1,000 00
48,500 00
46,500 00
53,000 00
23,817 50
51,125 00
69,500 00
11,300 00
25,750 00
24,875 00
26,500 00
31,360 00
22,750 00
53,000 00
52,000 00
47,906 25
25,000 00
1,025 00
75,750 00
109,890 00
150,000 00
46,500 00
48,000 00
47,500 00
27,562 50
9,900 00
51,750 00
25,750 00
25,000 00
53,750 00
26,437 50
41,190 00
60,000 00
25,875 00
10,000 00
34,100 00
22,600 00
29,700 00
24,875 00
25,750 00
J,735,962 75
Rate.
105i
100
107f
1021
100
106f
97
1041
100
100
96
89^
103f
95f
102|
90
112
100
98
104
109
89
106
103*
93
72
102
74
96|
99
92
96i
97f
109
99
102
100
101
1041
1021
103
99
100
102
112
109^
98
100
100
Market Value.
S52,625 00
4,000 00
26,937 50
20,450 00
40,000 00
5,337 50
9,700 00
17,765 00
1,300 00
1,000 00
48,000 00
44,750 00
51,812 50
23,906 25
51,062 50
67,500 00
11,200 00
25,000 00
24,500 00
26,000 00
30,520 00
22,250 00
53,000 00
51,750 00
46,500 00
18,000 00
1,020 00
74,000 00
107,531 25
148,500 00
46,000 00
48,125 00
48,875 00
27,250 00
9,900 00
51,000 00
25,000 00
25,250 00
52,250 00
25,625 00
41,200 00
59,400 00
25,000 00
10,200 00
34,720 00
21,900 00
29,400 00
25,000 00
25,000 00
},718,167 00
TEUTONIA 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, Secretary.
Home Office, 217 Camp Street.
Income.
Net fire premiums, $700,591.04; marine, $22,689.30, . . $723,280 34
Interest on stocks and bonds, $22,048. 10; all other, $460. 11, . 22,508 21
TEUTONIA INSURANCE CO. OF NEW ORLEANS.
385
Profit on sale of stock, ....
Increase in book value of stocks and bonds,
Increase in book value of real estate,
Assessment on capital stock, .
Total income, ....
Ledger assets, Dec. 31, 1905, .
$950 00
20,264 60
27,500 00
125,000 00
$919,503 15
885,007 56
Total,
Disbursements.
Net amount paid for fire losses, $649,233.48; marine, $4,707.58,
Dividends to stockholders, .......
Commissions or brokerage, .......
Salaries, fees, etc., of officers and employees, ....
Real estate taxes, $1,365; other taxes and fees, $13,443.60,
Loss on sale of bonds, ........
Advertising and printing, .......
Agency expenses, .........
Reduction in book value of stocks and bonds, . . .
Underwriters' boards and patrol, . . . .
All other disbursements, .......
Total disbursements, .......
Balance, .
Ledger Assets.
Real estate, ....
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Premiums in course of collection,
Total ledger assets, . . . . .
Assets not admitted.
Book value of stocks and bonds over market value, .
Total admitted assets, .......
Liabilities.
Unpaid losses, including $2,500 resisted, .....
Unearned premiums on outstanding risks, . $430,626 71
Plus same on disallowed reinsurance, . . 4,838 61
Commissions and other charges due agents and brokers,
Due for return premiums, $550; reinsurance, $1,571,
All liabilities, except capital and surplus, .
Surplus to policy holders, ....
Paid-up capital, . . . * .
Surplus over capital and general liabilities,
Total liabilities, .....
$338,059 54
1,804,510
71
$653,941
13,475
154,321
27,553
14,808
06
00
56
23
60
1,340
14,153
33,540
4,647
00
09
10
50
10,806 46
626 96
$929,213 56
$875,297 15
$70,000 00
603,915 30
106,458 91
73,717 34
21,205 60
$875,297 15
46,632 80
$828,664 35
,898 49
435,465 32
2.120 00
2.121 00
$490,604 81
250,000 00
88,059 54
$828,664 35
386
UNION INSUKANCE CO. OF PHILADELPHIA.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, ....
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Marine risks written during 1906,
Risks expired and terminated,
$56,981,849 00
65,180,197 00
Premiums.
$916,238 38
938,246 41
$122,162,046 00 $1,854,484 79
61,205,981 00 951,637 96
$60,956,065 00
3,921,062 00
,846 83
70,474 16
$57,035,003 00 $832,372 67
54,875,540 00
4,875,540 00
$24,640 65
24,640 65
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,
Company's stock owned by directors,
$12,791,305
6,235,279
641,336
4,708
743,892
00
00
00
00
00
80,000 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value. Rate. Market Value.
200 shares New Orleans, preferred, . . . $16,950 00 81 $16,200 00
176 shares Canal B'k & Tr. Co.', New Orleans, La., 48,576 00 195 34,320 00
25 " Ger. Am. Nat'l, New Orleans, La., . 5,500 00 176 4,400 00
10 " Ger. Am., Sav. & Tr. Co., N. Or., La., 1,252 00 120 1,200 00
50 " Hibernia B'k & Tr. Co., N. Or., La., . 33,000 00 565 28,250 00
70 " Teutonia B'k & Tr. Co., N. Or., La., . 11,200 00 150 10,500 00
25 " Whitney Cent. N'l, New Orleans, La., 9,125 00 237 5,925 00
Government Bonds.
United States 4s, 1925, 65,500 00 129f 64,812 50
New Orleans, La., 4s, 1942, . ' . . . 272,500 00 102£ 256,250 00
New Orleans, La., 4s, 1950, .... 32,100 00 101 30,300 00
New Orleans, La., 5s, 1925, .... 49,494 80 235 47,000 00
Pontchartrain Levee 6s, 1944, .... 58,717 50 125 58,125 00
$603,915 30 $557,282 50
UNION INSURANCE COMPANY OF PHILADELPHIA,
PHILADELPHIA, PA.
Incorporated Feb. 6, 1804. Commenced business July 25, 1803.
Paid-up Capital, $200,000.
WILLIAM MUIR, President. EDGAR R. DANNELS, Secretary.
Home Office, Corner Third and Walnut Streets.
Income.
Net fire premiums, $644,394 73
Deposit premiums on perpetual risks, ..... 1,377 50
Interest on mortgage loans, $608 . 33 ; collaterals, $277 . 48 ; stocks
and bonds, $19,734.44; deposits, $826.27, .... 21,44652
UNION INSURANCE CO. OF PHILADELPHIA.
887
Rents, including company's own occupancy,
Profit on sale or maturity of stocks and bonds,
Total income, .....
Ledger assets, Dec. 31, 1905, ....
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, $1,515; other taxes and fees, $14,110.03
Loss on sale or maturity of stocks and bonds, .
Advertising, printing and supplies, .
Postage, express and telegrams,
Traveling expenses, inspections and surveys,
All other disbursements, .-
Total disbursements, ....
58,835 81
6,018 57
$682,073 13
724,989 94
Balance,
Ledger Assets.
Real estate, $159,076.32; mortgages, $25,000, .
Loans secured by collateral (34 shares Commonwealth Title Ins
and Trust Co.; 34 shares Lehigh Coal & Navigation Co.),
Stocks and bonds (schedule A),
Cash in banks and office, ....
Agents' balances, ......
Fractional shares of company's stock,
Total ledger assets,
Non-Ledger Assets.
Interest accrued : —
On bonds, $2,520.84; collateral loans, $221.58,
Market value of stocks and bonds over book value,
Deposit on perpetual insurance on building,
Gross assets, ......
Assets not admitted.
Fractional shares of company's stock,
Agents' balances over three months due, .
Book value of real estate over market value,
Total unadmitted assets,
$1,407,063
07
$257,482 32
3,543
50
147,573
92
51,167
00
6,000
00
2,184
41
15,625
03
781
56
9,791
67
4,585
84
13,085
04
24,791
15
$536,611
44
$870,451
63
$184,076 32
9,800
00
517,780
55
71,732
98
87,024
57
37
21
$37 21
304 03
52,576 32
Total admitted assets,
Liabilities.
,867 resisted, .
Unpaid losses, including
Less reinsurance, . . . .
Unearned premiums on outstanding risks,
$57,460 15
2,494 46
,451 63
2,742 42
18,503 95
742 50
$892,440 50
52,917 56
,522 94
$54,965 69
440,043 73
388
UNION INSURANCE CO. OF PHILADELPHIA.
Reclaimable on perpetual fire policies,
All other liabilities, ....
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$319,231 54
Total liabilities,
Risks and Premiums.
$51,968,451
62,565,735
$114,534,186
44,450,193
$70,083,993
2,922,629
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, . . ...
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Perpetual risks in force (not included above),
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,
Company's stock owned by directors,
$25,257 28
24 70
$520,291 40
200,000 00
119,231 54
$839,522 94
Premiums.
00 $592,459 18
00 808,331 92
00 $1,400,791 10
00 548,824 28
00 $851,966 82
00 37,394 85
$67,161,364 00 $814,571 97
),523 00 $28,063 64
$28,463,187 00
19,249,107 00
256,139 00
1,974,221 00
15,000 00
116,960 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
100 shares Little Schuylkill,
136 " North Pennsylvania,
100 " Philadelphia Traction,
109 " 13th & 15th Streets Passenger,
Bank Stocks.
68 shares Philadelphia Nat'l, Pa.,
Miscellaneous Stocks.
3 shares General Adjustment Bureau,
County and Municipal Bonds.
Allegheny County, Pa., 4s, 1934,
Allegheny County, Pa., 3*s, 1932,
Allegheny, Pa., School District 4s, 1935,
New York, N. Y., 3*s, 1954,
Philadelphia, Pa., 3*s, 1920,
Philadelphia, Pa., 3*s, 1923,
Philadelphia, Pa., 3^s, 1914,
Philadelphia, Pa., 3*s, 1919,
Philadelphia, Pa., 3*s, 1915,
Philadelphia, Pa., 3*s, 1913,
Philadelphia, Pa., 3*s, 1934,
Philadelphia, Pa., 3s, 1914,
Reading, Pa., 4s, 1924,
Railroad Bonds.
Atlantic City 5s, 1919,
Bait. & Ohio (S. W. Div.) 3*s, 1925, .
Bloomfield Street 5s, 1923,
Brooklyn Rapid Transit 4s, 2002,
Camden & Suburban 5s, 1946, .
Book Value.
$3,427 76
6,233 77
7,562 50
24,648 75
8,346 75
150 00
26,500 00
24,375 00
26,531 25
47,175 00
6,075 00
1,013 75
5,050 00
10,112 50
1,011 25
22,235 00
51,308 75
4,825 00
3,202 50
11,397 50
9,152 50
10,400 00
8,711 25
10,150 00
Rate.
131
206
183
580
308
100
102*
94f
100
91f
101
1011
100f
101
lOOf-
100*
10lf
97*
102*
108£
90*
100
92
110
Market Value.
$6,550 00
14,008 00
9,150 00
31,610 00
20,944 00
150 00
25,625 00
23,593 75
25,000 00
42,946 25
6,060 00
1,012 50
5,031 25
10,100 00
1,007 50
22,110 00
50,875 00
4,875 00
3,075 00
11,907 50
9,050 00
10,000 00
8,280 00
11,000 00
UNION FIRE INSURANCE CO.
389
Chesapeake & Ohio 4s, 1909,
Chi., Daj^ton & Ironton 5s, 1941,
Electric & People's Traction 4s, 1945,
Heston., Mantua & Fairmount Pass. 5s, 1924,
Iron Mt. Car trust 5s, 1909,
Lehigh Valley 4s, 2003, ....
Norfolk & Western 4s, 1910,
Pennsylvania Co. 3^s, 1916,
Pennsylvania Co. (col. imp. notes) 4^s, 1907,
Pennsylvania Co. 4s, 1931,
Penn. & N. Y. Canal & R.R. 5s, 1939,
Perkiomen 5s, 1918, ....
Philadelphia & Reading 6s, 1911,
Philadelphia & Reading 5s, 1941,
Reading (Jersey Central col.) 4s, 1951,
Miscellaneous Bonds.
Chesapeake & Delaware Canal Co. 5s, 1916,
Book Value.
Rate.
Market Value.
$6,807
50
98£
$6,868 75
5,607
64
108f
5,437 50
8,225
00
98
9,800 00
11,675
30
110
11,000 00
5,069
50
100
5,000 00
9,757
50
97i
9,725 00
19,460
00
97i
19,450 00
9,626
05
95£
9,550 00
9,956
25
100
10,000 00
9,966
11
97i
9,725 00
10,812
50
115*
11,525 00
13,650
00
108*
14,105 00
28,040
00
108
27,000 00
10,475
00
120f
12,062 50
14,573
75
95|
14,325 00
14,482
67
45
6,750 00
$517,780
55
$536,284 50
UNION FIRE INSURANCE COMPANY, BUFFALO, N. Y.
Incorporated June 16, 1874. Commenced business June 16, 1874.
Paid-up Capital, $200,000.
J. P. DUDLEY, President. C. LEE ABELL, Secretary.
Home Office, Mooney-Brisbane Building.
Income.
Net fire premiums, .......
Interest on mortgage loans, $4,522.35; stocks and bonds,
346.74; deposits, $2,041.80, . . .
Rents, .........
Profit on sale of real estate, ......
Total income, .......
Ledger assets, Dec. 31, 1905, ......
Total, . .
Disbursements.
Net amount paid for fire losses, .....
Dividends to stockholders, ......
Commissions or brokerage, . . . -
Salaries, fees, etc., of officers and employees,
Rents, » ........
Real estate taxes, $269.11; other taxes and fees, $3,790.36,
Printing, and stationery, ......
Furniture and fixtures, .......
Maps, ..........
Traveling expenses, .......
All other disbursements, ......
Total disbursements, ......
Balance, . . .
$168,814 71
13,910 89
644 75
8,616 34
$191,986 69
364,321 93
$556,308?62
Mortgages,. .
Stocks and bonds (schedule A),
Ledger Assets.
,307 81
12,000 00
45,314 93
10,501 08
1,133 35
4,059 47
1,640 92
426 93
328 04
2,848 39
2,343 20
$128,904 12
$427,404 50
$91,352 00
220,237 50
390
UNION FIRE INSURANCE CO.
Cash in banks and office, . .
Agents' balances, . . . . . . .
Total ledger assets, .......
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $1,011.95; bonds, $1,499.11; other assets,
$686.24,
Due from other companies, ..-.-..
Gross assets, ......
Assets not admitted.
Agents' balances over three months due, .
Book value of stocks and bonds over market value,
Total unadmitted assets, ...
Total admitted assets, ....
Liabilities.
Unpaid losses, including $595 resisted,
Less reinsurance, . . . . ...
Unearned premiums on outstanding risks,
Plus same on disallowed reinsurance,
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,
$84,213 50
31,601 50
$427,404 50
3,197 30
665 16
$307 37
5,801 87
$431,266 96
6,109 24
$7,491 45
91 65
114,774 06
255 42
rued,
$425,157 72
$7,399 80
115,029 48
296 28
$302,432 16
$122,725 56
200,000 00
102,432 16
Total liabilities,
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
$425,157 72
Risks and Premiums.
Premiums.
$10,633,241 00 $111,865 22
20,687,734 00 234,675 45
Total, . . •■:■ r
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$31,320,975 00 $346,540 67
11,001,417 00 128,517 38
$20,319,558 00 $218,023 29
1,777,360 00 17,484 68
$18,542,198 00 $200,538 61
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,
$1,090,813 00
, 463,453 00
51,725 00
225,000 00
12,000 00
135,600 00
Schedule A. Stocks and Bonds owned by the Company.
Miscellaneous Stocks. Book Value. Rate. Market Value.
Subscrip. to Underwriters' Syn. N. Y. St. Steel Co., $5,000 00 85 $4,250 00
121 shares Buffalo General Electric, . . . 11,450 00 95 11,495 00
UNION MUTUAL FIRE INSURANCE CO.
391
Government Bonds.
United States 2s, 1930,
United States coupon 3s, 1918,
Municipal Bonds.
, N. Y., 3*s, 1908,
, N. Y., 3*s, 1909,
, N. Y., 3*s, 1910,
, N. Y., 3*s, 1911,
, N. Y., 3*s, 1912,
, N. Y., 3*s, 1913,
, N. Y., 3^s, 1914,
, N. Y., 3*s, 1930,
, N. Y., 3*s, 1931,
, N. Y., 3*s, 1932,
New York, N. Y., 3*s, 1953,
New York, N. Y., 3*s, 1954,
Railroad Bonds.
Aurora Elgin & Chicago 5s, 1941,
Buffalo Crosstown 5s, 1932,
Buffalo General Electric 5s, 1939,
Erie (Buffalo & S. W. Division) 5s, 1908,
International Traction Co. 4s, 1949, .
Lockport & Olcott 5s, 1920,
N. Y. Central & Hudson River 3*s, 1997,
Pennsylvania convertible 3*s, 1915, .
Miscellaneous Bonds.
Cataract Power & Conduit Co. 5s, 1930,
Buffalo
Buffalo
Buffalo
Buffalo
Buffalo
Buffalo
Buffalo
Buffalo
Buffalo
Buffalo
Book Value.
Rate.
Market Value.
$5,000 00
104*
$5,225 00
11,000 00
102*
11,275 00
5,000 00
99f
4,987 50
7,500 00
99|
7,471 88
12,500 00
99*
12,437 50
5,000 00
99i
4,962 50
5,000 00
99
4,950 00
5,000 00
98|
4,943 75
5,000 00
98|
4,937 50
3,333 33
97
3,233 33
3,333 33
961
3,229 17
3,333 34
96f
3,225 00
10,000 00
91*
9,150 00
50,000 00
91f
45,687 50
9,950 00
98*
9,850 00
5,000 00
109
5,450 00
10,000 00
101
10,100 00
10,000 00
99*
9,950 00
3,975 00
79
3,950 00
5,125 00
101
5,050 00
9,337.50
93£
9,325 00
9,400 00
93
9,300 00
10,000 00
100
10,000 00
$220,237 50
$214,435 63
UNION MUTUAL FIRE INSURANCE COMPANY, PROVIDENCE, R. I
Incorporated May, 1863. Commenced business September, 1863.
EDWIN BARROWS, President. JOSEPH T. A. EDDY, Secretary.
Home Office, 10 Weybosset Street.
Income.
Net premiums, .........
Interest on stocks and bonds, $16,256.50; all other, $472.50, .
Profit on sale of stock, ........
Premiums paid in advance, . . . . . . .
Dividend Lime Rock National Bank in liquidation, .
$41,837 25
16,729 00
300 00
536 90
250 00
Total income, .....
Ledger assets, Dec. 31, 1905, ....
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, ......
Loss on sale of stock, .....
Premium on bonds purchased,
1906 premiums paid in 1905, . ...
All other disbursements, .
Total disbursements, . . . .
Balance, ......
,653 15
275,759 47
$335,412 62
$5,849 60
27,162 82
2,287 48
4,615 00
500 00
866 22
510 00
292 67
592 20
388 03
$43,064 02
$292,348 60
392
UNION MUTUAL FIRE INSURANCE CO.
Ledger Assets.
Stocks and bonds (schedule A),
Cash in banks and office, ....
Agents' balances, ......
Total ledger assets, ....
Non-Ledger Assets.
Market value of stocks and bonds over book value,
Gross assets, ......
Liabilities.
Unpaid losses, .....
Unearned premiums on outstanding risks,
Dividends due policy holders,
Commissions and other charges due agents and
Due for return premiums,
Taxes,
Premiums paid in advance,
All liabilities, except surplus, .
Surplus, ......
Total liabilities, ....
$272,004 93
19,175 17
1,168 50
$292,348 60
87,979 82
,328 42
• • •
$43 50
• • •
107,470 72
• • •
814 99
brokers,
116 59
• • ■
19 57
776 61
•
536 90
.
. $109,778 88
•
270,549 54
,328 42
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outs'ding Dec. 31, 1905, $18,928,549 00 $207,578 51 $207,578 51
Risks written during 1906, . 4,239,221 00 43,278 24 43,278 24
Total, ....
Risks expired and terminated,
In force at end of year, .
,167,770 00
3,881,167 00
$250,856 75 $250,856 75
40,300 71 40,300 71
$19,286,603 00 $210,556 04 $210,556 04
Miscellaneous.
Losses incurred during the year, ......
Profits or surplus returned during 1906, 25, 40, 65 and 80 per cent.
$5,812 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
Book Value.
Rate.
Market Value.
321 shares Chicago & Northwestern, .
$32,100 00
198i
$63,638 25
100 '
' Hereford, .....
10,000
00
97
9,700 00
300 '
' Illinois Central, ....
30,537
00
165*
49,650 00
271 '
' N. Y. Central & Hudson River, .
27,559
77
131
35,501 00
200 '
' N. Y., Lackawanna & Western,
20,000
00
127|
25,475 00
504 '
' Pennsylvania, .....
28,395
66
138f
34,870 50
200 '
' Pittsburg, Bessemer & Lake Erie,
7,412
50
67
6,700 00
100 '
' Rensselaer & Saratoga,
Bank Stocks.
10,000
00
200 '
20,000 00
120 sha
-res Nat'l Bank of Commerce, Prov., R. I.,
6,000
00
130
7,800 00
Government and State Bonds.
United
States 4s, 1925,
20,000
00
129$
25,925 00
United
States registered 3s, 1918,
20,000
00
lOlf
20,350 00
Rhode
Island 3s, 1946,
10,000
00
97i
9,725 00
Railroad Bonds.
Clevela
ad Electric 5s, 1913, ....
10,000
00
100
10,000 00
East St
. Louis & Suburban 5s, 1932, .
20,000
00
100
20,000 00
UNITED FIREMEN \S INSURANCE CO. OF PHILADELPHIA.
393
Lake Shore & Michigan Southern 4s, 1928, .
United Traction & Electric, Prov., R. I., 5s, 1933,
Book Value.
SI 0,000 00
10,000 00
S272,004 93
Rate.
98
108*
Market Value.
$0,800 00
10,850 00
S359.984 75
UNITED FIREMEN'S INSURANCE COMPANY OF PHILADELPHIA,
PHILADELPHIA, PA.
Incorporated April 2, 1860. Commenced business April 2, 1861.
Pad-up Capital, $400,000.
ROBERT B. BEATH, President. DENNIS J. SWEENY, Secretary.
Home Office, 419 Walnut Street.
Income.
Net fire premiums, $590,019 69
Deposit premiums on perpetual risks, ..... 60,505 08
Interest on mortgage loans, $17,193.60; collaterals, $5,254.19;
stocks and bonds, $48,100.86; deposits, $897.58, . . . 71,446 23
Rents, ' 6,349 33
Profit on sale or maturity of ledger assets, . . . . 7,111 07
Premium on increase in capital, . . . . . . 100,000 00
Total income,
5,431^40
Ledger assets, Dec. 31, 1905, plus $100,000 increase in capital, . 1,965,441 46
Total,
Disbursements.
Net amount paid for fire losses, ....
Deposit premiums returned, .....
Dividends to stockholders, .....
Commissions or brokerage, .....
Salaries, fees, etc., of officers and employees,
Repairs and expenses on real estate,
Real estate taxes, $3,047.82; other taxes and fees, $17,084.62,
Loss on maturity of bonds, .....
Advertising, printing and stationery,
Commission for underwriting increased capital,
Maps,
Legal expenses, .......
Traveling expenses, ......
All other disbursements, .....
Total^disbursements, .....
Balance,
$2,800,872 86
$583,613
01
33,399
71
30,000
00
143,843
50
38,939 48
4,693
72
20,132
44
140
00
9,870
26
10,000
00
4,057
36
511
20
6,711
86
20,107 49
$906,020 03
$1,894,852 83
Ledger Assets.
Real estate, $181,682.67; mortgages, $298,582,
Loans secured by collateral (schedule A),
Stocks and bonds (schedule B),
Cash in banks and office, ....
Agents' balances, ......
Perpetual deposits in course of collection,
Deposit with Philadelphia Underwriters' Association,
Total ledger assets, .
$480,264 67
230,000 00
1,026,051 00
79,918 78
75,089 21
3,429 17
100 00
$1,894,852 83
394 UNITED FIREMEN'S INSURANCE CO. OF PHILADELPHIA.
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $3,957.63; collateral loans, $85.50; other assets,
$255.71,
Due from other companies, .......
Gross assets, ......
Assets not admitted.
Agents' balances over three months due, .
Special deposits less $7,622 . 47 liability thereon,
Book value of real estate over market value,
Book value of stocks and bonds over market value,
Deposit with Philadelphia Underwriters' Association
Total unadmitted assets, ...
$4,298 84
35,452 45
,934,604 12
$280 10
1,765 03
12,832 67
4,476 34
100 00
Total admitted assets, ......
Liabilities.
Unpaid losses, ...... $72,294 04
Less reinsurance, ...... 13,999 45
Unearned premiums on outstanding risks, . 490,350 97
Plus same on disallowed reinsurance, . . 1,069 92
Reclaimable on perpetual fire policies, .....
Salaries and other miscellaneous expenses, due or accrued,
19,454 14
$1,915,149 98
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$461,504 85
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, .....
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Perpetual risks in force (not included above),
$82,478,834 00
59,645,785 00
$142,124,619 00
51,099,970 00
$58,294 59
491,420 89
902,529 46
1,400 19
.,453,645 13
400,000 00
61,504 85
,915,149 98
Premiums.
,616 70
745,295 95
,654,912 65
632,616 83
$91,024,649 00 $1,022,295 82
7,164,907 00 100,099 44
,859,742 00 $922,196 38
$44,181,175 00 - $999,990 55
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,
57,946,823 00
4,944,806 00
573,394 00
713,506 00
30,000 00
104,210 00
UNITED FIREMENS INSURANCE CO. OF PHILADELPHIA.
395
Jersey City,
100 shares
300
tt
2,000
a
75
it
400
it
500
it
200
tt
50
it
700
it
150
it
51
tt
300
tt
100
it
300
tt
200
tt
6
it
12
tt
Schedule A. Securities held as Collateral.
Company's
Market Value.
$21,300 00
6,900 00
20,700 00
16,000 00
16,875 00
42,000 00
25,500 00
13,800 00
3,750 00
32,900 00
14,100 00
22,134 00
28,200 00
6,700 00
20,100 00
19,400 00
2,604 00
2,700 00
Hoboken & Paterson 4s, .
Electric Storage & Battery,
Pennsylvania Railroad Co.,
Philadelphia Electric Co.,
Real Estate Title Ins. & Trust Co., Phila.,
Finance Co. of Pennsylvania, 2d preferred,
American Railways,
Pennsylvania Railroad Co.,
Erie Railroad Co., 1st preferred,
Reading Co., 2d preferred,
United Gas Improvement Co.,
Frankford & Southwark Passenger R'y Co
United Gas Improvement Co.,
Reading Co., ....
Reading Co., ....
Philadelphia Traction Co.,
Frankford & Southwark Passenger R'y Co
Real Estate Title Insurance & Trust Co., .
Loaned
Thereon.
$50,000 00
45,000 00
35,000 00
25,000 00
25,000 00
25,000 00
12,000 00
10,000 00
2,000 00
1,000 00
$315,663 00 $230,000 00
Schedule B. Stocks and Bonds owned by the Company.
Railroad Stocks.
200 shares Continental "Passenger, Philadelphia,
30 " Frankford & Southwark Passenger,
100 " Philadelphia Traction,
200 " Union Passenger,
Miscellaneous Stocks.
3 shares General Adjustment Bureau,
34 " Mil. Underwriters' Bldg. Assoc. No. 1
5 " Underwriters' Salvage Co., Chicago,
5 " Underwriters' Salvage Co., New York
250 " United Gas Improvement Co., .
1 share West. Adjust. & Inspec. Co., Chicago,
County and Municipal Bonds.
Allegheny County, Pa., 4s, 1933,
Allegheny County, Pa., 4s, 1925,
Atlanta, Ga., 3*s, 1931,
Columbus, O., 4s, 1920, .
New York, N. Y., 3*s, 1927,
New York, N. Y., 3*s, 1922,
Philadelphia, Pa., 3*s, 1915,
Philadelphia, Pa., 3*s, 1917,
Philadelphia, Pa., 3*s, 1931,
Philadelphia, Pa., 3*s, 1932,
Pittsburg, Pa., 4s, 1915, .
Railroad Bonds
Allegheny Valley 7s, 1910,
Atlantic City 5s, 1919,
Baltimore & Ohio (S. W. Div.) 3*s, 1925,
Baltimore & Potomac 6s, 1911,
Chesapeake & Ohio 5s, 1939,
Chesapeake & Ohio 4s, 1913,
Choctaw, Oklahoma & Gulf 5s, 1919,
Consolidated Traction, N. J., 5s, 1933,
Delaware Co. 4s, 1949,
Erie (equipment trust) 4s, 1910,
Evansville & Terre Haute 5s, 1942, .
Illinois Central (Louisville Div.) 3*s, 1953,
Lake Erie & Western 5s, 1937, .
Lehigh Valley 1st mortgage 4*s, 1940,
Lehigh Valley 4*s, 1907, .
Lehigh Valley 4s, 2003, .
Missouri Pacific (equipment) 5s, 1907,
Newark, N. J., Passenger 5s, 1930,
Norfolk & Western 4s, 1908,
Norfolk & Western 4s, 1944,
Book Value.
$20,000 00
10,500 00
9,787 00
35,205 00
150 00
100 00
500 00
500 00
22,162 00
150 00
36,925 00
26,386 00
10,000 00
25,437 00
15,093 00
15,093 00
26,377 00
13,695 00
18,147 00
7,850 00
10,025 00
23,810 00
20,500 00
18,255 00
5,800 00
12,000 00
14,550 00
26,837 00
27,562 00
12,550 00
9,840 00
10,300 00
9,400 00
11,675 00
20,200 00
25,000 00
24,750 00
15,000 00
21,775 00
14,746 00
9,825 00
Rate.
260
836
183
466
100
160
100
100
186
100
1021
102
93£
101
94*
951
lOOf
100$
101f
lOlf
101f
108*
108*
90*
107
116
95
105
105*
80
97£
107
91i
113f
108*
100
971
100
111*
99
96
Market Value.
$26,000 00
12,540 00
9,150 00
46,600 00
150 00
54 40
500 00
500 00
23,250 00
100 00
35,875 00
25,500 00
9,387 50
25,250 00
14,175 00
14,325 00
26,195 00
13,618 13
18,089 25
7,834 75
9,630 63
21,700 00
21,650 00
18,100 00
5,350 00
11,600 00
14,250 00
26,250 00
26,375 00
12,000 00
9,725 00
10,700 00
9,125 00
11,362 50
21,700 00
25,000 00
24,312 50
15,000 00
22,300 00
14,850 00
9,600 00
396
UNITED STATES LLOYDS.
Norfolk & Western (equipment) 4s, 1910,
Oley Valley 5s, 1931,
Oley Valley 4is, 1931,
Pennsylvania collateral tr., 4-Js, 1913,
Pennsylvania Co. 3^s, 1941,
Pennsylvania Co. 3^s, 1916,
People's Passenger 4s, 1935,
Philadelphia & Baltimore Central 4^s, 1911
Philadelphia & Erie 6s, 1920, .
Philadelphia & Erie 5s, 1920, .
Philadelphia, Wilmington & Baltimore 4s, 1921,
Pitts., Cin., Chicago & St. Louis 4^s, 1940,
Pitts., Cin., Chicago & St. Louis 4^s, 1942, .
Reading (equipment trust) 4^s, 1908,
Second Ave. Traction Co., Pittsburg, 5s, 1934,
St. Louis & San Francisco equipment 4s, 1908,
Steubenville & Indiana 5s, 1914,
Western New York & Pennsylvania 5s, 1937,
Wilmington City, Del., 4s, 1911,
Miscellaneous Bonds.
Consolidated Gas Co., Pittsburg, 5s, 1948, .
Lehigh Coal & Navigation Co. 4s, 1948,
Mortgage Trust Co., Pa., 4s, 1910,
Philadelphia Co. 5s, 1951,
Philadelphia Co. 5s, 1949,
Real Estate Title Insurance & Trust Co. 4s, 1918,
Book Value.
Rate.
Market Value.
$9,890
00
97i
$9,725 00
5,125
00
96
4,800 00
5,125
00
96
4,800 00
22,400
00
102
20*400 00
15,150
00
89
13,350 00
21,248
00
951
21,010 00
21,080
00
100
20,000 00
10,200
00
100|
10,075 00
19,575
00
122
18,300 00
5,862
00
112
5,600 00
10,322
00
101
10,100 00
15,890
00
109i
15,295 00
22,700
00
109Jr
21,900 00
25,000
00
991
24,875 00
15,000
00
110
16,500 00
9,450
00
99
9,900 00
6,450
00
1051
6,330 00
14,400
00
1151
13,830 00
25,252
00
98
24,500 00
28,125
00
99
24,750 00
16,800
00
101
16,160 00
10,000
00
88
8,800 00
21,550
00
101
20,200 00
11,000
00
107
10,700 00
, 20,000
00
100
20,000 00
$1,026,051
00
$1,021,574 66
UNITED STATES LLOYDS, NEW YORK, N. Y.
Commenced business December, 1872.
HIGGINS & COX, Attorneys.
Home Office, 16 Exchange Place.
Income.
Net marine premiums, ........ $998,034 10
Interest on bonds, $25,509.09; deposits, $7,481.36, . . . 32,990 45
Exchange, 6,247 77
Increase in book value of bonds, ...... 1,000 00
Commission on reinsurance, ....... 207,100 88
Total income,. .....
Ledger assets, Dec. 31, 1905, ....
Total,
Disbursements.
Net amount paid for marine losses, .
Dividends to subscribers,
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees, .
Rents, .......
Taxes and fees, ......
Reduction in book value of bonds, .
Stationery and general expenses,
Total disbursements, ....
Balance, ......
51,245,373 20
1,174,899 55
52,420,272 75
$613,406 08
50,000 00
251,592 72
82,534 44
8,760 00
18,898 91
8,250 00
14,121 54
1,047,563 69
1,372,709 06
UNITED STATES LLOYDS. 397
Ledger Assets.
Bonds (schedule A), $691,325 50
Cash in banks and office, 279,660 82
Agents' balances, 401,722 74
Total ledger assets, $1,372,709 06
Non-Ledger Assets.
Interest due and accrued on bonds, . . . . . . 7,029 17
Market value of bonds over book value, ..... 1,130 75
Reinsurance and salvage, ....... 184,662 44
Gross assets, ......... $1,565,531 42
Assets not admitted.
Agents' balances over three months due, . . $12,247 93
Special deposit, 25,062 50
Reinsurance and salvage, .... 147,863 44
Total unadmitted assets, .... 185,173 87
Total admitted assets, ....... $1,380,357 55
Liabilities.
Unpaid losses, including $8,805 resisted, . . $924,220 00
Less reinsurance, 308,145 00 $616,075 00
Unearned premiums on outstanding risks, .... 472,283 52
Salaries and other miscellaneous expenses, due or accrued, . 17,450 00
Due for return premiums, ....... 15,000 00
Deposit in trust, 56,220 88
All liabilities, except subscribers' deposits and surplus, . $1,177,029 40
Surplus to policy holders, .... $203,328 15
Subscribers' deposits paid up, ....... 100,000 00
Surplus over subscribers' deposits and general liabilities, . . 103,328 15
Total liabilities, $1,380,357 55
Risks and Premiums.
Marine risks outstanding Dec. 31, 1905,
Marine risks" written during 1906, .
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Premiums.
$34,290,979 00 $316,866 27
592,957,456 00 2,477,513 30
$627,248,435 00 $2,794,379 57
543,364,037 00 2,322,096 05
$83,884,398 00 $472,283 52
24,256,668 00 211,186 65
Net amount in force, . $59,627,730 00 $261,096 87
Miscellaneous.
Marine and inland losses incurred during the year, . . . $780,826 00
398
VIRGINIA FIRE AND MARINE INSURANCE CO.
Schedule A. Bonds owned by the Company.
Government Bonds.
Cuba 5s. 1944,
State and Municipal Bonds.
Boston, Mass., 3£s, 1942, .
Massachusetts 3-^s, 1923, .
New York, N. Y., 5s, 1907,
New York, N. Y., 4s, 1936,
New York, N. Y., 3s, 1920,
Railroad Bonds.
Atch., Top. & Santa Fe gen. mort. 4s; 1995,
Baltimore & Ohio 4s, 1948,
Chicago, Rock Island & Pacific 4s, 1988,
Long Island 4s, 1931,
N. Y. Cent. & Hudson River 3^s, 1997,
Northern Pacific 4s, 1997,
Nor. Pac.-Gt. Nor. (O, B. & Q. col.) 4s, 1921,
Nor. Pac. (St. Paul, Duluth Div.) 4s, 1996,
Scioto Val. & New England 4s, 1989, . ■ .
Union Pacific 4s, 1947, ....
Book Value.
$25,000 00
48,000 00
50,000 00
100,000 00
50,687 50
22,625 00
50,000 00
50,500 00
49,750 00
49,500 00
46,125 00
25,438 00
48,750 00
9,600 00
14,850 00
50,500 00
$691,325 50
Rate.
100i
95i
100f
100
101|
90f
100
100£
99f
99
93i
102
961
97
99
102
Market Value.
$25,062 50
47,562 50
50,312 50
100,000 00
50,937 50
22,718 75
50,000 00
50,375 00
49,875 00
49,500 00
46,625 00
25,500 00
48,437 50
9,700 00
14,850 00
51,000 00
$692,456 25
VIRGINIA FIRE AND MARINE INSURANCE COMPANY,
RICHMOND, VA.
Incorporated March 14, 1832. Commenced business March 14, 1832.
Paid-up Capital, $250,000.
WM. H. PALMER, President. W. H. McCARTHY, Secretary
Home Office, 1015 E. Main Street.
Income.
Net fire premiums, .......
Interest on mortgage loans, $3,203.74; collaterals, $1,281.43
stocks and bonds, $33,570.40, .....
Rents, ..........
Profit on sale of ledger assets, . . . .
Profit and loss, . . . . . . ...
Total income, ......
Ledger assets, Dec. 31, 1905, ....
Total,
Disbursements.
Net amount paid for fire losses,
Dividends to stockholders,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Repairs and expenses on real estate,
Real estate taxes, $3,101.18; other taxes and fees,
Loss on sale of bonds, .
Legal expenses,
Advertising and supplies,
Inspections, .
Agents' balances charged off,
Philadelphia Underwriters' Association,
$629,968 17
38,055 57
4,442 06
. 1,053 45
90 00
$17,207.75,
$673,609 25
1,117,193 63
$1,790,802 88
$326,410 47
20,000 00
127,464 07
22,545 89
3,681 44
20,308 93
1,108 48
1,556 89
9,247 43
1,641 97
2,094 21
100 00
VIRGINIA FIRE AND MARINE INSURANCE CO. 399
Underwriters' boards and associations, ..... $11,097 17
All other disbursements, ....... 9,021 52
Total disbursements, $556,278 47
Balance, $1,234,524 41
Ledger Assets.
Real estate, $83,840.80; mortgages, $57,566.45, . . . $141,407 25
Loans secured by coll. (Va. 3s, 1991, Rich. Loco. Works 6s, 1929), 3,045 00
Stocks and bonds (schedule A), 908,600 20
Cash in banks and office, ....... 68,740 78
Agents' balances, . . 111,203 94
Bills receivable, . . . . . . 1,527 24
Total ledger assets, ....
Non-Ledger Assets.
Interest due : —
On mortgages, $1,998.06; collateral loans, $3, .
Rents due on company's property, .
Gross assets, ......
Assets not admitted
Special deposits less $51,355 liability thereon, .
Book value of stocks and bonds over market value,
Total unadmitted assets, ....
Total admitted assets, ....
Liabilities.
Unpaid losses, including $8,868 resisted, .
Less reinsurance, ......
Unearned premiums on outstanding risks,
All liabilities, except capital and surplus, .
Surplus to policy holders, ....
Paid-up capital, ......
Surplus over capital and general liabilities,
Total liabilities, . $1,217,818 77
Risks and Premiums.
.
$1,234,524 41
.
2,001 06
51 75
.
$1,236,577 22
$12,310 00
6,448 45
18,758 45
.
$1,217,818 77
$88,520 00
23,247 00
$65,273 00
522,089 72
$630,456 05
$587,362 72
250,000 00
.
380,456 05
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, ....
Risks expired and terminated,
In force at end of year, . . .
Amount reinsured,
Net amount in force,
Miscellaneous.
Fire losses incurred during the year, ..... $331,033 00
$59,501,527 00 $1,015,110 13
. $331,033 00
Cash dividends declared from organization of company, . . 1,669,586 00
Premiums.
$56,712,767 00 $1,051,015 43
54,094,558 00 864,239 67
$110,807,325 00 $1,915,255 10
44,300,396 00 763,670 94
$66,506,929 00 $1,151,584 16
7,005,402 00 136,474 03
400
WESTCHESTER FIRE INSURANCE CO.
Dividends declared during the year (8 per cent.),
Company's stock owned by directors,
$20,000 00
17,550 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value.
100 shares Atlantic Coast Line, .... $14,287 50
100 " Louisville & Nashville, . . . 14,312 50
100 " Norfolk & Western, .... 9,137 50
300 " Southern, preferred, .... 27,712 50
Bank Stocks.
3 shares Bank of Richmond, Va., . . . 300 00
620 " City Bank, Richmond, Va., . . 20,170 00
34 " Nat'l of Virginia, Richmond, Va., . 3,458 00
20 " Virginia Tr. Co., Richmond, Va., . 2,480 00
Miscellaneous Stocks.
200 shares American Locomotive, preferred, . 18,881 25
1 share Gen. Adjustment Bureau of N. Y., . 100 00
50 shares Jeff. R. Corp., preferred, Rich., Va., . 4,981 25
5 " Underw. Sal. Co., New York, N. Y., . 500 00
400 " Virginia-Carolina Chemical Co., pref.,
Jersey City, N. J., . . . . 44,762 50
Government Bonds.
United States 2s, 1930, 32,500 00
State ana Municipal Bonds.
Danville, Va., 8s, 1906, 8,000 00
Danville, Va., 4s, 1935, 20,595 55
Lynchburg, Va., 4s, 1938, .... 29,881 10
Massachusetts 3s, 1930, 9,497 50
Massachusetts 3£s, 1930, 3,086 63
New York, N. Y., 3£s, 1912, .... 13,574 03
Richmond, Va., 4s, 1927, . . . . 158,863 45
Richmond, Va., 5s, 1921, 6,426 00
Virginia 3s, 1991, 241,335 00
Wilmington, N. C, 5s, 1922 10,000 00
Railroad Bonds.
Atlantic Coast Line (collateral trust) 4s, 1952, . 18,630 69
Atlantic Coast Line (consol. mtge.) 4s, 1952, . 29,557 50
Atlantic Coast Line 4s, certs, of indebt., irredeemable, 9,040 00
Charlotte, Columbia & Augusta 7s, 1910, . . 6,012 50
Georgia Midland 3s, 1946,. . . . . 29,321 25
Norfolk & Western 4s, 1996, .... 9,867 25
Seaboard Air Line 4s, 1950, .... 17,381 25
Southern 5s, 1994, 9,400 00
Va. Elec. Ry. & Dev. Co., Rich., Va., 5s, 1929, . 9,975 00
Miscellaneous Bonds.
Old Dom. Iron & Nail Works, Rich., Va., 6s, 1908, 14,720 00
Richmond Chamber of Commerce 5s, 1931,. . 25,000 00
Univ. of Va., Charlottesville, Va., 4s, 1936, . . 12,120 00
Va.-Carolina Chemical Co., Jer. C, N. J., 5s, 1912, 22,732 50
$908,600 20
Rate.
132
143|
92
94
130
132
140
90
109i
100
90
100
106*
104*
100
99
100
921
lOOf
97f
lOlf
HOf
96
107
96
91
107£
70
98*
81
113|
90
100
75
103
98
Market Value.
$13,200 00
14,312 50
9,200 00
28,200 00
390 00
20,460 00
4,760 00
1,800 00
21,850 00
100 00
4,500 00
500 00
42,600 00
33,962 50
8,000 00
19,800 00
30,000 00
9,287 50
3,022 50
12,707 50
153,481 75
6,195 00
240,000 00
10,700 00
17,700 00
28,800 00
9,100 00
5,362 50
35,000 00
9,850 00
17,820 00
11,375 00
9,000 00
15,000 00
18,750 00
11,845 00
23,520 00
$902,151 75
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, $2,775,095 11
Interest on mortgage loans, $18,010.24; stocks and bonds, $121,-
620.82; deposits, $13,953.92, ...... 153,58498
WESTCHESTER FIRE INSURANCE CO.
401
Rents, .........
Profit on sale of ledger assets, ....
Total income, .......
Ledger assets, Dec. 31, 1905, .....
Total,
Disbursements.
Net amount paid for fire losses, ....
Dividends to stockholders, .....
Commissions or brokerage, .....
Salaries, fees, etc., of officers and employees,
Rents, .........
Repairs and expenses on real estate,
Real estate taxes, $341.27; other taxes and fees, $58,778.58,
Loss on sale of real estate, . .
Furniture and fixtures charged off, ....
Advertising, printing and stationery,
Maps, .........
Postage, express, telegrams and telephone,
Salaries and compensation of general agents and clerks,
Traveling expenses, ......
Underwriters' boards, patrol, surveys, etc.,
All other disbursements, .....
Total disbursements, .....
Balance, .......
Ledger Assets.
Real estate, $12,067; mortgages, $418,185,
Stocks and bonds (schedule A),
Cash in banks and office, .
Agents' balances, .......
Total ledger assets, .....
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $3,057.14; bonds, $1,475,.
Market value "of stocks and bonds over book value, .
Dividends accrued on stocks, .....
Gross assets,*. ......
Assets not admitted.
Agents' balances over three months due, . . $22,100 60
Special deposits less $42,592 . 32 liability thereon, 41,187 68
Dividends accrued on stocks, .... 16,375 00
Total unadmitted assets, . . . " .
$514 85
26,781 87
52,955,976 81
3,813,779 47
56,769,756 28
52,000,316 27
90,000 00
578,457 88
144,864 61
16,443 91
219 50
59,119 85
249 45
5,242 34
31,038 96
7,875 62
19,876 64
65,531 21
26,839 62
37,251 75
12,941 93
53,096,269 54
53,673,486 74
$430,252 00
2,626,116 83
242,893 80
374,224 11
$3,673,486 74
4,532 14
64,813 17
16,375 00
$3,759,207 05
Total admitted assets,
79,663 28
$3,679,543 77
* Including §300,000 special reserve held under New York law.
402
WESTCHESTER FIRE INSURANCE CO.
Liabilities.
Unpaid losses, including $6,500 resisted, . . $267,049 64
Less reinsurance, ...... 28,646 72
Unearned premiums on outstanding risks, . 2,159,498 20
Plus same on disallowed reinsurance, . . 31,444 75
Salaries and other miscellaneous expenses, due or accrued,
Commissions and other charges due agents and brokers,
Due for reinsurance, ........
$238,402 92
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
Total liabilities, . .
$1,220,197 90
2,190,942 95
5,000 00
5,000 00
20,000 00
$2,459,345 87
300,000 00
920,197 90
1,679,543 77
Risks and Premiums.
Premiums.
Tire risks outstanding Dec. 31, 1905, . . $380,226,889 00 $3,954,437 96
Fire risks written during 1906, . . 294,064,000 00 3,502,920 53
Total, . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
$674,290,889 00 $7,457,358 49
227,573,337 00 2,954,191 84
$446,717,552 00
39,975,760 00
t,503,166 65
394,496 41
$406,741,792 00 $4,108,670 24
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 (30 per cent.),
Company's stock owned by directors,
$40,538,536 00
22,778,177 00
2,057,078 00
2,148,000 00
100,000 00
90,000 00
98,000 00
Schedule A. Stocks and Bonds owned by the Company.
400 shares
1,000
u
500
it
500
11
500
tl
1,000
It
1,000
tl
1,500
it
1,000
11
1,400
(t
1,000
tl
800
tl
2,000
((
2,000
li
1,000
a
500
a
1,000
tt
500
a
200 shares
Railroad Stocks.
Albany & Susquehanna, .
Atch., Top. & Santa F6, preferred,
Atlantic Coast Line,
Cleve., Cincin., Chic. & St. Louis,
Delaware & Hudson Co.,
Illinois Central,
Louisville & Nashville, .
Manhattan, .
N. Y. Cent. & Hudson River,
New York & Harlem,
N. Y., Lackawanna & Western,
Oswego & Syracuse,
Pennsylvania,
Reading Co., 1st preferred,
Rensselaer & Saratoga, .
Rome, Watertown & Ogdensb.
Southern, preferred,
Syracuse, Binghamton & N. Y.,
Bank Stocks.
Chatham Nat'l, New York, N. Y.,
Book Value.
$57,550 00
105,100 00
79,221 88
52,862 50
112,062 50
177,450 00
151,150 00
247,250 00
134,875 00
162,487 50
102,963 89
86,528 40
139,125 00
93,125 00
176,580 73
55,662 50
99,675 00
82,950 00
15,800 00
Rate.
245
99
132
901
222
165£
143|
142f
131
380
127f
230
138f
90
200
127^
94
220
300
Market Value.
$98,000 00
99,000 00
66,000 00
45,437 50
111,000 00
165,500 00
143,125 00
214,125 00
131,000 00
266,000 00
127,375 00
92,000 00
138,375 00
90,000 00
200,000 00
63,750 00
94,000 00
110,000 00
15,000 00
THE WESTERN INSURANCE CO. OF PITTSBURGH.
403
Miscellaneous Stocks.
500 shares American Tel. & Tel. Co.,
10 " Underw. Sal. Co., New York, N. Y.,
50 " Westchester & Bronx Title & Mort-
gage Guarantee Co., Wh. PL, N. Y.,
State and Municipal Bonds.
Georgia 4^s, 1915, .
New York, N. Y., 3s, 1950,
New York, N. Y., 3£s, 1940,
Portland, Ore., 5s, 1923, .
Richmond, Va., 4s, 1921, .
Book Value.
Rate.
Market Value.
$72,812 50
1,000 00
133£
100
$66,750 00
1,000 00
7,504 47
178
8,900 00
11,627 15
154,212 48
169,326 88
61,071 15
16,142 30
111
81i
92f
113
101£
11,100 00
121,875 00
138,937 50
56,500 00
16,180 00
$2,626,116 83
$2,690,930 00
THE WESTERN INSURANCE COMPANY OF PITTSBURGH,
PITTSBURGH, PA.
Incorporated March 20, 1849. 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,
Interest on mortgage loans, $5,460.32; stocks and bonds,
287.77; all other, $2,368.98,
Profit on sale of bonds, . . . . . .
Local agency premiums, ......
Total income,. .......
Ledger assets, Dec. 31, 1905, ......
Total,
Disbursements.
Net amount paid for fire losses,
Dividends to stockholders, ....
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees,
Rents, ........
Taxes and fees, ......
Office expenses, ......
Advertising, printing, stationery and subscriptions,
Postage, express and telegrams,
Traveling expenses, .....
Underwriters' boards, .....
All other disbursements, . . .
Total disbursements, ....
Balance,
Mortgages, .
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Bills receivable,
Ledger Assets.
$413,037 49
31,117 07
25 00
7,241 16
$451,420 72
651,619 11
$1,103,039 83
$149,588 28
18,000 00
96,044 94
22,603 01
3,100 00
11,803 93
4,362 72
6,665 27
3,849 83
6,303 86
3,469 74
1,384 96
$327,176 54
$775,863 29
$113,850 00
543,005 70
48,598 16
61,931 44
600 00
404
THE WESTERN INSURANCE CO. OF PITTSBURGH.
Furniture, fixtures, safes, etc.,
Premiums in course of collection,
Total ledger assets, .....
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $1,969. 16; bonds, $3,569.02, .
Gross assets, ......
Assets not admitted.
Furniture, fixtures, safes, etc.,
Agents' balances over three months due, .
Book value of stocks and bonds over market value,
Total unadmitted assets, . . . -
54,152 34
3,725 65
$775,863 29
5,538 18
$781,401 47
54,152 34
1,742 66
9,698 95
Total admitted assets,
Liabilities.
Unpaid losses, including $1,750 resisted, .
Less reinsurance, .....
Unearned premiums on outstanding risks,
Plus same on disallowed reinsurance,
Local agency premiums due other companies,
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, . . . . .
Surplus over capital and general liabilities,
$46,497 26
7,785 50
326,399 53
6,262 01
,071 84
Total liabilities,
15,593 95
$765,807 52
$38,711 76
332,661 54
8,362 38
$379,735 68
300,000 00
86,071 84
$765,807 52
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Premiums.
,768,729 00 $566,970 40
42,699,404 00 531,705 10
$91,468,133 00 $1,098,675 50
35,798,055 00 438,590 74
55,670,078 00
4,311,644 00
$660,084 76
51,851 75
$51,358,434 00 $608,233 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,
Stock dividends declared from organization of company,
Dividends declared during the year (6 per cent.),
Company's stock owned by directors,
56,879,812 00
3,982,144 00
160,219 00
1,097,500 00
168,750 00
18,000 00
61,150 00
Schedule A. Stocks and Bonds owned by the Company.
Miscellaneous Stocks. Book Value. Rate. Market Value.
3 shares Gen. Adj. Bureau, New York, N. Y., . $150 00 100 $150 00
5 " Underw. Sal. Co., Chicago, 111., . . 500 00 100 500 00
THE WESTERN RESERVE INSURANCE CO.
405
County and Municipal Bonds.
Avalon, Pa., 5s, 1909,
Bellevue, Pa., 5s, 1907-1908, .
Butler, Pa., 4s, 1919,
Carrick, Pa., 4s, 1910-15,
Connellsville, Pa., 4s, 1919, op. 1905, .
Connellsville, Fay. Co., Pa., 4s, 1910-20, op. '02-'03
Duquesne, Pa., 4$s, 1914,
East McKeesport, Pa., 5s, 1908-23, .
East Pittsburg, Pa., 4$s, 1928-34,
Ensworth, Pa., 4$s, 1936,
Freedom, Pa., 4$s, 1913, .
Freedom, Pa., 5s, 1913,
Harmony, Beaver Co., Pa., 5s, 1934-35,
Monaca, Pa., 4$s, 1908-21,
Parnassus, Pa., 5s, 1917, .
Pittsburg, Pa., 4s, 1907-16,
Ponce, Porto Rico, 6s, 1922, op. 1912,
West Homestead, Pa., 4s, 1911-31,
Wilkinsburg, Pa., 4$s, 1910,
Wilkinsburg, Pa., 4$s, 1915,
Wilkinsburg, Pa., 4$s, 1920,
Railroad Bonds.
Beaver Valley, Pa., Traction 5s, 1950,
Elgin, Aurora (111.) & Southern Traction 5s, 1916
Ft. Wayne & Wabash Val. Trac. 5s, 1934,
Lexington & Interurban 5s, 1956,
Meadv. & Camb. Springs, Pa., St. 5s, 1932,
Norfolk & Southern 5s, 1954, .
Peekskill Lighting & R.R. 5s, 1930, .
Pittsburg & Butler Street 5s, 1935, .
Washington & Canonsburg 5s, 1932, .
West Perm. 5s, 1931,
Youngs., C\, & Shar., Pa., Ry. & Lt. Co. 5s, 1931,
Miscellaneous Bonds.
Atlanta, Ga., Water & Elec. Pow. Co. 5s, 1943,
Birmingham, Ala., Water Works Co. 5s, 1939,
Carbon Iron Co. 6s, 1912, ....
City Water Co., E. St. Louis, 111., 5s, 1914,
Clairton Steel Co., Pittsburg, Pa., 5s, 1913, .
Connellsville, Pa., Water Co. 5s, 1939,
Duquesne Club, Pittsburg, Pa., 5s, 1932,
Ellsworth Coal Co. 5s, 1921,
German Evang. Protestant Church 5s, 1902-07,
Hudson River Elec. Co. 5s, 1931,
Jacks Run Bridge Co. 5s, 1932,
Marq. & Bessemer Dock Nav. Co. 4$s, 1933,
Monongahela Valley Water Co. 5s, 1931,
New Castle, Pa., Water Co. 5s, 1941, .
Penn. Water Co.," Williamsburg, Pa., 5s, 1929,
Pittsburg & Allegheny, Pa., Bridge Co. 5s, 1930,
Pittsburg Coal Co. 5s, 1954,
Racine, Wis., Water Co. 5s, 1931,
St. Joseph, Mo., Water Co. 5s, 1944, .
Suburban Gas Co., Phila., Pa., 5s, 1952,
Waynesburg, Pa., Water Co. 5s, 1925,
Book Value.
$500 00
1,000 00
5,000 00
10,000 00
8,415 00
4,207 50
3,240 00
2,000 00
32,358 00
10,869 00
3,249 00
4,183 20
5.849 50
14,525 00
7,175 00
10,000 00
11,197 00
25,777 50
10,000 00
10,000 00
10,000 00
8,200 00
10,000 00
19,000 00
7,480 00
9,750 00
20,000 00
9,800 00
9,900 00
9,750 00
4.850 00
20,000 00
9,750 00
15,000 00
11,000 00
5,000 00
9,750 00
4,100 00
15,375 00
23,500 00
10,500 00
14,775 00
4,000 00
15,000 00
11,220 00
9,360 00
10,850 00
15,000 00
10,000 00
5,000 00
10,000 00
10,000 00
4,900 00
$543,005 70
Rate.
101
100
100
100
100
100
102$
105
107$
106i
101f
104±
106
102
106$
100|
102$
100
101
103f
105
101
99
93
95
96
96
100
95
101
99
100
98
97
105
95
100
99
100
92
100
91
94
100
100
96
100
95
105
96
96
97
95
00
00
00
00
Market Value.
$505 00
1,000 00
5,000 00
10,000 00
8,500
4,250
3,075
2,100
32,250 00
10,625 00
3,048 75
3,753 00
5,300 00
14,280 00
7,455 00
10,087 50
10,250 00
25,000 00
10,100 00
10,337 50
10,500 00
00
00
00
00
00
8,080
9,900
18,600
7,600
9,600
19,200 00
10,000 00
9,500 00
10,100 00
4,950 00
20,000 00
9,800 00
14,550 00
10,500 00
4,750 00
10,000 00
3,960 00
15,000 00
23,000 00
10,500 00
13.650 00
3,760 00
15,000 00
11,000 00
8,640 00
10,000 00
14,250 00
10,500 00
4,800 00
9,600 00
9,700 00
4,750 00
$533,306 75
THE WESTERN RESERVE INSURANCE COMPANY,
CLEVELAND, 0.
Incorporated April, 1903. Commenced business May, 1903.
Paid-up Capital, $200,000.
MARS E. WAGAR, President. R. E. GOOCH, Secretary.
Home Office, Park Building.
Income.
Net fire premiums, ........ $128,322 52
Interest on stocks and bonds, $13,261.55; all other, $1,236.91, . 14,498 46
406
THE WESTERN RESERVE INSURANCE CO.
Profit on sale or maturity of bonds,
Dividend Colonial National Bank, in liquidation,
Total income, .....
Ledger assets, Dec. 31, 1905, ....
Total, . .
Disbursements.
Net amount paid for fire losses,
Dividends to stockholders,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents,
Taxes and fees, .....
Loss on sale or maturity of bonds, .
Adjustment expenses, . .
Advertising, printing, stationery and postage,
Rating expenses, .....
Furniture, ......
Maps, ......
Expenses of special agents,
Traveling expenses, ....
All other disbursements,
Total disbursements,
Balance, .....
Ledger Assets.
Stocks and bonds (schedule A),
Cash in banks and office, ....
Deposit in savings banks, ....
Agents' balances, ......
Total ledger assets, ....
Non-Ledger Assets.
Interest accrued : —
On bonds, $2,868 . 38 ; other assets, $133 . 33, .
Gross assets, .
Assets not admitted.
Book value of stocks and bonds over market value,
Total admitted assets, ....
Liabilities.
Unpaid losses, ......
Less reinsurance, ......
Unearned premiums on outstanding risks,
Plus same on disallowed reinsurance,
All liabilities, except capital and surplus, .
$350 36
99 00
$143,270 34
369,462 76
$12,604 21
185 12
74,356 44
12 32
$512,733
10
$42,493 96
16,000
00
28,073
30
6,420
00
2,055
60
2,802
83
236
61
' 787
47
2,588
67
1,126
53
357
20
883
00
3,798
63
650 70
620 43
$108,894 93
$403,838 17
$353,314 96
12,087 76
23,000 00
15,435 45
$403,838 17
3,001 71
$406,839 88
3,971 66
$402,868 22
$12,419 09
74,368 76
$86,787 85
THE WESTERN RESERVE INSURANCE CO.
407
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
$316,080 37
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, . .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
$5,622,455 00
14,053,865 00
$200,000 00
116,080 37
$402,868 22
Premiums.
$67,882 71
162,428 35
$19,676,320 00 $230,311 06
7,663,798 00 86,353 90
$12,012,522 00
626,733 00
$143,957 16
7,397 87
Net amount in force,
$11,385,789 00 $136,559 29
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,
$220,940 00
60,333 00
50,162 00
20,000 00
16,000 00
73,700 00
Schedule A. Stocks and Bonds owned by the Company.
Bank Stocks.
50 shares B'k of Corn. N'l Assoc, Cleveland,
99 " Colonial Nat'l B'k liquidating certs.,
140 " First N'l, Cleveland, O., .
15 " State Bk. & Tr. Co., Cleveland, O.,
32 " State N'l B'k liquidating certificate,
300 " Union Nat'l, Cleveland, O.,
Miscellaneous Stocks.
300 shares CI eve. & Sand. Brew. Co., preferred,
County and Municipal Bonds.
Akron, O., 5s, 1907-10, .
Cleveland, O., 4s, 1916, .
Cleveland Heights, O., Us, 1907-14,
Cleveland Heights, O., 4*s, 1910,
Cleveland Heights, O., 4*s, 1915,
Cuyahoga County, O., 5s, 1907-20,
Dayton, O., 5s, 1907-08, .
Dayton, O , 5s, 1909,
Lakewood, O., 5s, 1907-10,
Lakewood, O., 5s, 1907-15,
Lakewood, O., 5s, 1910-16,
Lorain, O., 5s, 1915,
Miscellaneous Bonds.
CI eve. & Sandusky Brewing Co. 6s, 1948,
Book Value.
$10,512 50
24,165 75
1,925 02
3,872 00
54,167 50
23,937 50
6,600 96
103,000 00
21,543 90
30,581 60
12,334 80
1,227 48
16,712 70
9,653 95
8,616 80
24,462 50
$353,314 96
Rate.
220
_*
208
135
_*
185
70
101|
101*
f ioif
101*
104
107f
100*
102*
101f
104
105f
106f
92
Market Value.
$11,000 00
29,120 00
2,025 00
55,500 00
21,000 00
6,520 00
101,125 00
14,245 00
3,045 00
4,160 00
30,135 00
10,050 DO
2,042 50
1,216 50
16,848 00
9,771 30
8,540 00
23,000 00
$349,343 30
* Value indeterminable.
408 WHAT CHEEK MUTUAL FIRE INSURANCE CO.
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, $376,618 91
Interest on stocks and bonds, $11,510 . 05 ; all other, $2,579 . 87, . 14,089 92
Total income, .......
Ledger assets, Dec. 31, 1905, ......
Total, . . . . . .
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, . . . . • .
Office expenses, ........
Traveling expenses, .
Total disbursements, ......
Balance, ......
Ledger Assets.
Stocks and bonds (schedule A),
Cash in banks and office, ......
Premiums in course of collection, .....
Deposits in banks on interest, .....
Total ledger assets, ......
Non-Ledger Assets.
Interest due and accrued : —
On bonds, $187.50; other assets, $1,202.30, .
Market value of stocks and bonds over book value, .
Gross assets, ........
Liabilities.
Unpaid losses, . . . . . .
Unearned premiums on outstanding risks,
Taxes, .........
All liabilities, except surplus, .....
Surplus, . . .
Total 'liabilities, , $390,064 65
$390,708 83
368,512 75
$759,221 58
$32,349 96
311,687 01
9,187 23
907 70
7,420 13
7,430 23
1,400 27
644 47
$371,027 00
$388,194 58
$250,677 73
64,914 27
9,145 19
63,457 39
$388,194 58
1,389 80
480 27
$390,064 65
$1,621 83
188,465 30
6,880 20
$196,967 33
193,097 32
WILLIAMSBURGH CITY FIRE INSURANCE CO.
409
Risks and Premiums.
Amount.
Risks outs'ding Dec. 31, 1905, $38,336,313 00
45,542,279 00
$83,878,592 00
41,805,330 00
Risks written during 1906,
Total, .
Risks expired and terminated
In force at end of year, .
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1906, 89.43 per cent.
Cash Prem's. Conting't Prem's.
$348,006 26 81,740,031 30
400,828 25 2,004,141 25
$748,834 51 $3,744,172 55
371,903 90 1,859,519 50
$42,073,262 00 $376,930 61 $1,884,653 05
$32,379 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
50 shares Albany & Susquehanna,
47 " Cin., Sand. & CI eve., preferred, .
100 " Cleveland & Pittsburg,
100 " Hereford, ....
200 " Illinois Central (leased lines'),
100 " Manhattan, ....
68 " N. Y. Cent. & Hudson River,
100 " N. Y., Lackawanna & Western,
50 " Old Colony, ....
50 " Oswego & Syracuse,
500 " Pennsylvania, ....
150 " Pitts., Bess. & Lake Erie, common,
75 " Pitts., Ft. Wayne & Chicago,
200 " Rensselaer & Saratoga,
150 " St. Lo. Bridge Co. 1st preferred, .
50 " Upper Coos, ....
State Bonds.
Rhode Island 3s, 1936, ....
Book Value.
$10,500 00
3,325 25
9,487 50
10,250 00
21,050 00
13,675 00
7,631 65
13,300 00
8,931 00
5,800 00
31,587 33
5,531 25
13,475 00
41,800 00
21,325 00
7,511 25
25,497 50
8250,677 73
Rate.
245
125
177
97
103
142f
131
127|
198
230
138f
67
173
200
140
145
974
Market Yalue.
812,250 00
2,937 50
8,850 00
9,700 00
20,600 00
14,275 00
8,908 00
12,737
9,900
5.750
34,593
5,025
12,975
40,000 00
21,000 00
7,250 00
24,406 25
8251,158 00
50
00
00
75
00
00
WILLIAMSBURGH CITY FIRE INSURANCE COMPANY,
NEW YORK, 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, 150 Broadway.
Income.
Net fire premiums, $1,272,143 05
Interest on mortgage loans, $10,333.13; collaterals, $2,212.50;
stocks and bonds, $53,434.80; all other, $5,401.69,
Rents, including company's own occupancy,
Profit on sale of ledger assets, ....
Total income, ......
Ledger assets, Dec. 31, 1905, .....
Total, .
Net amount paid for fire losses,
Dividends to stockholders,
Commissions or brokerage,
Disbursements.
71,382 12
58,320 04
177,816 25
$1,579,661 46
2,786,122 40
$4,365,783 86
$1,302,028 65
i 75,000 00
309,097 09
410
WILLIAMSBURGH CITY FIRE INSURANCE CO.
Salaries, fees, etc., of officers and employees,
Rents, including company's own occupancy,
Repairs and expenses on real estate,
Real estate taxes, $11,857.27; other taxes and fees, $23,959.67,
Loss on sale of stock, .
Legal expenses, . . .
Advertising, printing and stationery,
Agency expenses, ......
Maps and surveys, .....
Postage, express and telephone,
Expenses of general and special agents, .
Board and tariff associations, ....
All other disbursements, ....
Total disbursements, ....
Balance, . . . ... .' v
Ledger Assets.
Real estate, $108,929.76; mortgages, $540,100,
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 due and accrued : —
On mortgages, $1,951.87; bonds, $5,023.74; collateral loans,
$184.37; other assets, $6,474.50,
Rents due and accrued on company's property,
Gross assets,*. ........
• Assets not admitted.
Agents' balances over three months due, . . . $888 16
Special dep., $24,735; liabilities in set off, $24,735.
Book value of stocks and bonds over market value, 121,915 88
Total unadmitted assets, . . .
Total admitted assets, . . . .
Liabilities.
Unpaid losses, including $4,486.39 resisted, . $336,003 48
Less reinsurance, ...... 110,227 97
Unearned premiums on outstanding risks, . 1,089,271 49
Plus same on disallowed reinsurance, . . 850 63
Salaries and other miscellaneous expenses, due or accrued,
Reinsurance, .........
$106,014 47
17,000 00
15,242 85
35,816 94
455 00
3,137 55
11,151 64
20,167 69
5,777 01
3,728 51
5,591 21
10,708 30
9,854 61
1,930,771 52
2,435,012 34
$649,029 76
44,250 00
1,333,983 39
234,631 66
173,117 53
52,435,012 34
13,634 48
771 67
$2,449,418 49
122,804 04
5,326,614 45
All liabilities, except capital and surplus,
Surplus to policy holders,
Paid-up capital, .....
Surplus over capital and general liabilities,
Total liabilities, ....
$996,685 51
$225,775 51
1,090,122 12
6,712 69
7,318 62
$1,329,928 94
250,000 00
746,685 51
$2,326,614 45
* Including $280,000 special reserve held under New York law.
WILLIAMSBURGH CITY FIRE INSURANCE CO.
411
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, .
Risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Risks and Premiums.
Premiums.
$210,577,066 00 $2,083,005 86
150,878,477 00 1,568,339 52
$361,455,543 00 $3,651,345 38
137,837,575 00 1,415,741 60
$223,617,968 00 $2,235,603 78
16,694,027 00 141,602 41
$206,923,941 00 $2,094,001 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 (30 per cent.),
Company's stock owned by directors,
Schedule A. Securities held as Collateral.
$24,369,925 00
13,138,612 00
1,437,170 00
2,142,500 00
75,000 00
51,400 00
93 shares Williamsburgh Tr. Co., Brooklyn, N. Y.
72
50
400
20
400
40
National Surety Co., New York,
Nassau Oil Co.,
United States Steel Co., common,
United States Steel Co., preferred,
United States Steel Co., common,
United States Steel Co., preferred,
Company's
Market Value.
$20,925 00
12,600 00
3,000 00
20,000 00
2,000 00
20,000 00
4,000 00
Loaned
Thereon.
$18,250 00
14,000 00
12,000 00
Railroad Stocks.
3,500 shares Lehigh Valley, common, .
500 " Union Pacific, preferred, .
Bank Stocks.
220 shares First Nat'l, Brooklyn, N. Y., .
115 " Kings Co. Tr. Co., Brooklyn, N. Y., .
180 " Williamsburgh Tr. Co., Brooklyn, N. Y
Miscellaneous Stocks.
500 shares Brooklyn Union Gas Co.,
1,000 " Cons. Gas Co., New York, N. Y.,
900 " New York Air Brake Co.,
500 " Pressed Steel Car Co., common,
850 " Union Ferry Co., Brooklyn, N. Y., .
State and Municipal Bonds
Georgia 4£s, 1915,
New York, N. Y., 3s, 1907,
New York, N. Y., 3*s, 1926,
New York, N. Y., 3^s, 1937,
New York, N. Y., 3£s, 1952,
New York, N. Y., 3£s, 1950,
New York, N. Y., 3£s, 1954,
Richmond, Va., 4s, 1920, .
Railroad Bonds.
Interborough Metropolitan 4-|s, 1956,
Miscellaneous Bonds.
Brooklyn Union Gas Co., 5s, 1945,
Brooklyn Union Gas Co. 6s, 1909,
$82,525 00
$44,250 00
OWNED BY THE
Company.
Book Value.
$278,306 25
49,212 50
Rate.
154
94
Market Value.
$269,500 00
47,000 00
72,524
29,990
, 27,000
50-
00
00
390
450
215
85,800 00
51,750 00
38,700 00
60,538
204,825
141,775
32,312
52,100
85
00
00
50
00
114
138
137|
53
26
57,000 00
138,000 00
124,087 50
26,500 00
22,100 00
11,800
3,482
31,506
65,841
16,937
24,250
18,945
13,841
00
50
29
32
38
00
00
25
111
99i
94|
93
91f
91f
91|
101
11,100 00
3,473 75
27,914 38
58,590 00
15,576 25
22,937 50
17,818 13
13,635 00
184,146
25
80
160,000 00
4,648
10,000
80
00
106£
110
9,585 00
11,000 00
$1,333,983 39
$1,212,067 51
412
AGGREGATE.
AGGREGATE.
Capital Stock.
Capital actually paid up in cash,
$58,300,004
Assets.
Admitted assets, ........
318,240,702
Liabilities.
Liabilities, .........
179,512,485
Income.
Net fire premiums, ........
163,335,288
Net marine and inland premiums, .....
9,569,862
Interest and dividends, .......
10,598,950
All other sources, ........
40,854,328
Total income, ........
$224,358,428
Disbursements.
Net amount paid for fire losses, ......
8135,599.065
Net amount paid for marine and inland losses,
5,175,258
Dividends to stockholders,
6,825,135
Dividends to policy holders (mutual companies),
5,866,872
Redemption of scrip, . ...
1,255,466
Interest to scrip holders, ....
473,160
Brokerage and commissions on premiums, .
34,626,801
Salaries and pay of officers and employees, .
10,222,069
State and local taxes, ....
4,340,279
Office, agency and incidental expenses,
23,574,914
Total disbursements, .......
8227,959,019
Miscellaneous.
Net fire risks outstanding, .......
822,738,263,613
Net marine and inland risks outstanding,
.
415,256,904
Cash dividends declared, ....
. .
3,201,200
Fire losses incurred during the year, .
, ,
80,155,485
Marine losses incurred during the year,
2,842,368
AACHEN AND MUNICH FIRE INSURANCE CO. 413
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, New York, N. Y.
Income.
Net fire premiums, SI, 000,964 32
Interest on bonds, $44,175; all other, $17,341.64, . . . 61,516 64
Received from home office, ....... 2,964,482 67
Total income, . $4,026,963 63
Ledger assets, Dec. 31, 1905, 1,479,513 37
Total, $5,506,477 00
Disbursements.
Net amount paid for fire losses, ...... $3,316,940 87
Commissions or brokerage, ....... 220,238 75
Salaries, fees, etc., of officers and employees, .... 66,942 02
Rents, 6,001 97
Taxes and fees, 32,915 61
Remitted to home office, ....... 15,452 63
Advertising, printing and stationery, ..... 7,728 49
Postage, telegrams, express and exchange, .... 10,094 69
All other disbursements, ....... 46,860 95
Total disbursements, $3,723,175 98
Balance, $1,783,301 02
Ledger Assets.
Bonds (schedule A), $1,376,140 50
Cash in banks and office, . . . . . . 269,484 40
Agents' balances, 137,676 12
Total ledger assets, $1,783,301 02
Non-LedgEr Assets.
Interest accrued on bonds, . . . . . . 14,965 00
Due from other companies, ....... 43,263 18
Gross assets, $1,841,529 20
414
AACHEN AND MUNICH FIRE INSURANCE CO.
Assets not admitted.
Cash not in control of trustees,
Agents' balances over three months due, .
Special deposits less $33, 146.69 liability thereon,
Book value of bonds over market value, .
Due from unauthorized companies,
Total unadmitted assets, . . . -
910 15
2,237 85
42,115 81
51,165 50
2,025 00
Total admitted assets, ......
Liabilities.
Unpaid losses, including S13,550. 82 resisted, . $250,998 22
Less reinsurance, ...... 31,142 96
Unearned premiums on outstanding risks, . .
Commissions and other charges due agents and brokers,
$168,454 31
$1,673,074 89
Total, . . .
Surplus to policy holders,
Deposit capital, .....
Surplus over capital and general liabilities,
Total liabilities, ....
$631,086 38
$219,855 26
820,286 25
1,847 00
1,041,988 51
200,000 00
431,086 38
1,673,074 89
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1905, . . $128,984,469 00 $1,572,596 71
Fire risks written during 1906,
Total, .....
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
Miscellaneous.
Fire losses incurred during the year,
105,656,423 00 1,321,779 82
$234,640,892 00 $2,894,376 53
96,567,144 00 1,220,852 30
$138,073,748 00 $1,673,524 23
9,545,413 00 108,957 92
$128,528,335 00 $1,564,566 31
Schedule A. Bonds owned by the Company.
Government Bonds.
United States 4s, 1925, .
United States 2s, 1930,
State and Municipal Bonds.
Massachusetts 3s, 1927,
New York 3s, 1912,
New York, N. Y., 3s, 1925,
New York, N. Y., 3*s, 1927,
New York, N. Y., 3^s, 1952,
New York, N. Y., 3£s, 1954,
New York, N. Y., 4s, 1955,
Railroad Bonds.
Atch., Topeka & Santa F6 4s, 1955,
Atch., Top. & Santa Fe gen. mortg. 4s, 1995,
Atlantic Coast Line con. mortg. 4s, 1952,
Bait. & Ohio (Southwestern Div.) 3£s, 1925,
Central Pacific ref. 4s, 1949,
Chesapeake & Ohio 4£s, 1992, .
Chicago, Rock Island & Pacific 4s, 1934,
Chicago, Rock Island & Pacific 4s, 1988,
Book Value.
$60,000 00
10,687 50
100,125 00
105,000 00
187,680 00
16,960 00
20,539 72
31,005 00
51,316 67
26,111 25
74,741 25
40,200 00
36,875 00
20,375 00
52,537 50
24,156 25
25,867 50
Rate.
129f
104*.
93^
100
88f
94*
91f
91f
102£
104*.
100
96
90*
98|
103f
90
99f
1,460,165 00
Market Value.
$64,812 50
10,450 00
93,500 00
100,000 00
162,610 00
15,120 00
18,325 00
27,412 50
51,062 50
26,125 00
75,000 00
38,400 00
36,200 00
19,775 00
51,812 50
22,500 00
24.937 50
ALLIANCE ASSURANCE CO. LIMITED.
415
Chicago, Rock Island & Pacific 4s, 2002,
Kansas City Southern 3s, 1950, .
Louis. & Nash. (St. Louis Div.) 3s, 1980, .
Mexican Central 4s, 1911,
Norfolk & Western 4s, 1996,
Northern Pacific 4s, 1997,.
Northern Pacific 3s, 2047, ....
Oregon Short Line 4s, 1929,
San Antonio & Aransas Pass 4s, 1943,
Seab. Air Line (Atlanta-Birm. Div.) 4s, 1933,
Southern Pacific 4s, 1955,
Southern (St. Louis Div.) 4s, 1951,
Union Pacific 4s, 1947, . . .
Book Value.
Rate.
Market Value.
$22,553 75
76
822,800 00
73,281 25
71*
71,500 00
8,925 00
72
8,640 00
51,825 00
84£
50,700 00
40,686 25
98*
39,400 00
90,916 25
102
90,780 00
37,312 50
74
37,000 00
23,656 25
93^
23,375 00
8,987 50
86£
8,650 00
40,417 86
90
40,500 00
24,312 50
94f
23,687 50
19,370 00
94£
18,900 00
49,718 75
102
51,000 00
$1,376,140 50
$1,324,975 00
UNITED STATES BRANCH OF THE ALLIANCE ASSURANCE
COMPANY LIMITED, LONDON, ENGLAND.
Deposit Capital, $200,000.
WEED & KENNEDY, United States Managers.
Office, 29 Liberty Street, New York, N. Y.
Income.
Net fire premiums, ........
Interest on mortgage loans, $300; bonds, $23,500; deposits,
$180.24, . .
Rents, ...........
Insurance on San Francisco building, .
Received from home office, .......
Total income, ........
Ledger assets, Dec. 31, 1905, .......
Total,
Disbursements.
Net amount paid for fire losses,
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees,
Rents, ........
Repairs and expenses on real estate,
Real estate taxes, $886.42; other taxes and fees, $4,6
Reduction in book value of real estate,
Remitted to home office, ....
Advertising, printing and stationery,
Board assessments, .....
Postage and agents' expenses,
Traveling expenses, .....
All other disbursements, ....
. Total disbursements, ....
Balance, . . .
Ledger Assets.
Real estate, $125,000; mortgages, $5,000,
Bonds (schedule A),
$429,186 14
23,980 24
4,895 97
28,500 00
1,376,255 44
$1,862,817 79
997,628 57
$2,860,446 36
75.50
$1,581,641 09
98,209 47
15,447 10
1,099 32
3,104 74
5,561 92
34,675 61
85,777 38
1,339 80
3,285 91
1,669 29
2,678 09
30,074 40
$1,864,564 12
$995,882 24
$130,000 00
692,184 53
416
ALLIANCE ASSURANCE CO. LIMITED.
Cash in banks and office, ....
Agents' balances, ......
Due from other companies, ....
Total ledger assets, ....
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $226 . 71 ; bonds, $6,341 . 66,
Market value of real estate over book value,
Gross assets,
$55,361 52
102,494 07
15,842 12
5,882 24
6,568 37
25,000 00
,027,450 61
Assets not admitted.
Cash not in control of trustees, . . . $52,137 97
Mtg. loans and interest not in control of trustees, 5,226 71
Agents' balances over three months due, . . 11,538 24
Special deposits less $15,492.08 liability thereon, 38,057 92
Book value of bonds over market value, . . 59,697 03
Total unadmitted assets, . . .
Total admitted assets, .......
Liabilities.
Unpaid losses, including $4,850 resisted, . . $23,694 40
Less reinsurance, ...... 54 72
Net unpaid losses other than San Francisco claims, $23,639 68
Claims for losses in San Francisco,* . . 917,207 00
Net unpaid losses and claims, . . .
Unearned premiums on outstanding risks,
Salaries and expenses due or accrued,
Commissions and other charges due agents and brokers,
Return premiums, ......
Reinsurance, .......
166,657 87
,792 74
Total liabilities, except deposit capital,
Deposit capital, ......
Excess of liabilities, including deposit capital,
assets,* ........
$200,000 00
over admitted
$940,846 68
325,573 04
2,365 38
9,021 77
8,384 43
14,795 32
$1,300,986 62
$640,193
* All policies of this company covering property destroyed by the San Francisco conflagration
contained a condition declaring that the company would not be liable for fire losses occasioned
directly or indirectly by earthquake, and the manager of the United States branch has been in-
structed by the home office to deny upon legal advice all liability on policies covering property
destroyed in said conflagration. The general manager of the home office of the company states
that any payments which may be made on the outstanding claims in San Francisco occasioned by
the conflagration will be treated as ex gratia, and will be paid by direct draft upon the home office
of the company.
The losses paid during 1906, amounting to $1,581,641.09, as shown by disbursements, include
all payments to December 31 on claims arising out of the San Francisco conflagration, said payments
having also been declared by the company to be ex gratia.
The manager of the United States branch advises that, of the $917,207 of outstanding claims in
San Francisco December 31 last, $239,509 were paid on or before May 20, and that $677,698 were
unsettled on that date.
Notwithstanding that the company does not admit that it is liable for said claims in San Francisco,
and carries nothing on account thereof in liabilities in its annual statement, in view of the fact that
the liability on none of the claims can be determined until the final adjudication by the courts, and
that some are now in suit, this department has, in accordance with its usual custom, charged said
claims as a liability for the full amount, which causes the deficiency above shown; but it is under-
stood that if said claims are paid they are to be discharged by the funds from the home office.
ATLAS ASSURANCE CO. LIMITED.
417
Risks and Premiums.
$56,903,167 00
46,772,385 00
$103,675,552 00
49,743,038 00
$53,932,514 00
5,744,402 00
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
Miscellaneous.
Fire losses incurred during the year, .
Schedule A. Bonds owned by the Company.
County and Municipal Bonds
Boston, Mass., 34s, 1917, .
Boston, Mass., 3|s, 1919, .
Essex County, N. J., 3.65s, 1935,
New York, N. Y., 3^s, 1922,
New York, N. Y., 3^s, 1954,
Portland, Ore., 5s, 1917, .
Portland, Ore., 5s, 1923, .
Portland, Ore., 4s, 1934, .
Premiums.
$671,348 01
603,247 17
,274,595 18
586,450 74
,144 44
60,708 45
$48,188,112 00 $627,435 99
.,579,435 00
Book Value.
$52,279 17
51,187 50
103,620 00
325,429 11
104,000 00
28,187 50
11,712 50
15,768 75
Rate.
97|
97f
103f
95i
91|
109
113
100
,184 53
Market Value .
$48,875 00
48,812 50
103,375 00
286,500 00
91,375 00
27,250 00
11,300 00
15,000 00
$632,487 50
UNITED STATES BRANCH OF THE ATLAS ASSURANCE COMPANY,
LIMITED, LONDON, ENGLAND.
Deposit Capital, $200,000.
FRANK LOCK, United States Manager.
Office, 100 William Street, New York, N. Y.
Income.
Net fire premiums, .......
Interest on stocks and bonds, $53,582.61; deposit, $1,512.73,
Received from home office, ......
Total income, .......
Ledger assets, Dec. 31, 1905, ......
Total,
Disbursements.
Net amount paid for fire losses,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents, .
Taxes and fees,
Loss on sale of bonds,
Advertising, .
Local boards,
Postage, express and telegrams,
$1,575,552 37
55,095 34
1,464,923 92
$3,095,571 63
1,977,666 73
$5,073,238 36
$2,409,420 31
328,488 04
111,918 69
12,689 58
45,165 38
2,406 25
8,668 64
24,069 50
14,275 57
418
ATLAS ASSURANCE CO. LIMITED.
Ledger Assets.
Traveling expenses,
All other disbursements,
Total disbursements,
Balance,
Real estate, .
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Due from other company,
Total ledger assets, .....
Non-Ledger Assets.
Interest accrued on bonds, ....
Market value of real estate over book value,
All other non-ledger assets, ....
Gross assets, ......
Assets not admitted.
Cash not in control of trustees, . .
Investments not in control of trustees,
Agents' balances over three months due, .
Special deposits less $50,004.23 liability thereon,
Book value of stocks and bonds over market value,
Due from unauthorized company, .
Total unadmitted assets,
Total admitted assets,
Liabilities.
Unpaid losses, including $5,780 resisted,
Less reinsurance, ....
Unearned premiums on outstanding risks,
Plus same on disallowed reinsurance,
Due for reinsurance,
Total, . .
Surplus to policy holders,
Deposit capital, ....
Surplus over capital and general liabilities,
$29,064 84
38,639 81
1,024,806 61
>,048,431 75
,878 81
1,530,630 04
216,522 18
213,547 86
3,852 86
•
$2,048,431
75
16,715
00
,
.
1,121
19
•
2,000
55
•
$2,068,268 49
$21,869 79
1,000
00
7,560
09
75,473
27
110,660
04
3,852
86
220,416
05
•
. •
$1,847,852 44
$124,940
11
8,818
34
$116,121
77
1,189,623
85
798
46
1,190,422
31
8,592
95
$1,315,137
03
$532,715 4
200,000
00
332,715
41
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
$183,684,131
161,696,373
. $1,847,852 44
Premiums.
00 $2,176,565 73
00 2,023,143 39
$345,380,504
150,302,852
00 $4,199,709 12
00 1,795,927 69
$195,077,652
16,138,876
00 $2,403,781 43
00 177,150 74
78,938,776 00 $2,226,630 69
THE BRITISH AMERICA ASSURANCE CO.
419
Miscellaneous.
Fire losses incurred during the year,
$2,449,158 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
300 shares Beech Creek, ....
750 " Morris & Essex,
400 " Rome, Watertown & Ogdensburg,
200 " United N. J. R.R. & Canal,
Miscellaneous Stocks.
340 shares Consol. Gas Co., New York, N. Y.,
10 " Underwriters' Salvage Co.,
Government Bonds.
District of Columbia 3 . 65s, 1924,
State and Municipal Bonds.
Cleveland, O., 4s, 1917, .
Georgia 4*s, 1912, .
Louisville, Ky., 4s, 1910, .
Massachusetts 3*s, 1920, .
New Mexico 4s, 1933, op. 1923,
New Mexico 6s, 1923,
New Mexico 6s, 1919,
New York, N. Y., 3*s, 1952,
New York 3s, 1912,
Portland, Ore., 5s, 1923, .
St. Louis, Mo., 4s, 1914, .
Virginia 3 s, 1991,
Railroad Bonds
Boston & Maine 4*s, 1944,
Chic, Mil, & St. Paul 3*s, 1989,
Chic, Mil. & St. P. (Ch., & P. W. Div.) 5s, 1921
Chicago & Northwestern 3*s, 1987,
Chicago, Rock Island & Pacific 4s, 1988,
111. Cent. (Louisv. Div. & Term.) 3*s, 1953,
111. Cent. (St. Lo. Div. & Term.) 3*s, 1951,
111. Cent. (Western Line) 4s, 1951,
Louisville & Nashville 5s, 1931,
N. Y. Central & Hudson River 3*s, 1997,
New York & Putnam 4s, 1993, .
Pennsylvania equipment 4s, 1914,
Book Value.
$16,350 00
70,687 50
55,000 00
55,000 00
73,100 00
1,000 00
4,648 62
104,380 00
10,667 50
50,000 00
50,000 00
6,000 00
3,000 00
1,000 00
154,875 00
50,500 00
60,875 00
15,000 00
49,437 50
25,000 00
151,937 50
116,750 00
156,625 00
25,041 25
24,562 50
24,750 00
24,832 50
28,187 50
76,650 00
25,000 00
19,772 67
$1,530,630 04
Rate.
105
182
127*
255
138
100
116
101J
106*
100
100*
100
109|
103*
91f
100
113
102
96
112
93
111*
96*
99f
Wi
91
102
108*
93i
100
98
Market Value.
$15,750 00
68,250 00
51,000 00
51,000 00
46,920 00
1,000 00
4,640 00
101,250 00
10,650 00
50,000 00
50,250 00
6,000 00
3,292 50
1,035 00
137,437 50
50,000 00
56,500 00
15,300 00
48,000 00
28,000 00
139,500 00
111,500 00
144,750 00
22,942 50
22,812 50
22,750 00
22,440 00
27,125 00
65,275 00
25,000 00
19,600 00
1,419,970 00
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, $1,317,062.66; marine, $187,564.38,
Interest on stocks and bonds, ....
Profit on sale of stocks, . . .
Received from home office, .
Total income, ......
Ledger assets, Dec. 31, 1905, . . . .
. $1,504,627 04
49,235 09
1,483 20
855,593 23
. $2,410,938 56
. 1,560,904 96
Total,
. $3,971,843 52
420
THE BRITISH AMERICA ASSURANCE CO.
Disbursements.
1,649,017.98; marine, $221,248.92,
Net amount paid for fire losses,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Taxes and fees,
Loss on sale of bonds, .
Adjustment expenses,
Advertising, printing and stationery
Office expenses,
Exchange, ....
Maps, .....
Postage, express and telegrams,
Salaries and expenses of general and special agents,
Traveling expenses,
Underwriters' boards and patrol,
All other disbursements,
Total disbursements,
Balance,
Ledger Assets.
Bonds (schedule A),
Cash in banks, ......
Agents' balances, ......
Total ledger assets, .....
Non-Ledger Assets.
Interest due and accrued on bonds,
Gross assets, ......
Assets not admitted.
Cash not in control of trustees,
Bonds not in control of trustees,
Agents' balances over three months due, .
Special deposits less $131,511.62 liability thereon,
Book value of bonds over market value, .
Total unadmitted assets, .
Total admitted assets, ....
Liabilities.
Unpaid losses, including $25,325 resisted,.
Unearned premiums on outstanding risks,
Total,
Surplus to policy holders, ....
Deposit capital, ......
Surplus over capital and general liabilities,
Total liabilities, .....
$1,870,266 90
263,237 77
65,652 08
43,746 36
5,777 87
11,424 85
14,095 28
8,283 24
1,884 24
2,852 86
10,309 58
58,111 71
1,750 05
28,266 27
8,380 54
$2,394,039 60
$1,577,803 92
$1,390,510 30
31,826 43
155,467 19
$1,577,803 92
17,060 71
.,594,864 63
$23,909 69
12,420 00
446 14
24,731 26
57,076 16
118,583 25
,476,281 38
$342,937 66
. $101,264 68
.. 1,032,079 04
L, 133,343 72
200,000 00
142,937 66
.,476,281 38
THE BRITISH AMERICA ASSURANCE CO.
421
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Risks and Premiums.
Premiums.
. $152,834,237 00 $1,884,728 62
. 140,672,603 00 1,719,815 83
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
$293,506,840 00 $3,604,544 45
133,316,716 00 1,670,194 16
$160,190,124 00 $1,934,350 29
9,414,618 00 90,367 61
$150,775,506 00 $1,843,982 68
$2,982,781 00
33,902,534 00
$36,885,315 00 $379,275 34
34,058,417 00 292,478 30
Net amount in force,
Marine risks outstanding Dec. 31, 1905,
Marine risks written during 1906, .
Total,
Deduct risks expired and terminated,
In force at end of year, .
Miscellaneous.
Fire losses incurred during the year,
Marine and inland losses incurred during the year,
Schedule A. Bonds owned by the Company.
$95,161 66
284,113 68
$2,826,898 00 $86,797 04
$1,643,865 00
233,518 00
State and Municipal Bonds.
Brooklyn, N. Y., 3£s, 1936,
Cleveland, O., 4s, 1923, .
Georgia 4^s, 1915,
Kingston, Ont., 4£s, 1919,
London, Ont., 4s, 1916,
London, Ont., 4s, 1921,
Los Angeles, Cal., 3|s, 1929,
Los Angeles, Cal., 3|s, 1930,
Los Angeles, Cal., 3fs, 1931,
Los Angeles, Cal., 3|s, 1932,
Los Angeles, Cal., 3f s, 1933,
Manitoba 4s, 1930, .
New Mexico '5s, 1925, op. 1915,
New York, N. Y., 3$s, 1919,
New York, N. Y., 3£s, 1941,
Richmond, Va., 4s, 1924,
Richmond, Va., 4s, 1927,
Riverside, Cal., 5s, 1928,
Riverside, Cal., 5s, 1929,
Riverside, Cal., 5s, 1930,
Riverside, Cal., 5s, 1931,
Riverside, Cal., 5s, 1923,
Riverside, Cal., 5s, 1924,
Riverside, Cal., 5s, 1927,
Riverside, Cal., 5s, 1933,
Riverside, Cal., 5s, 1934,
Riverside, Cal., 5s, 1935,
Toledo, O., 4£s, 1919,
Winnipeg, Man., 5s, 1910,
Railroad Bonds.
Canadian Northern 4s, 1930,
Canadian Northern 4^s, 1910,
Canadian Northern 4-|s, 1911,
N. Y. & West Shore & Buffalo 4s, 2361,
Rochester Street 5s, 1930,
Book Value.
833,225 00
106,200 00
12,200 00
22,860 00
143,599 50
16,144 50
111,881 00
5,050 00
11,337 50
182,537 50
4,900 00
25,967 50
1,353 56
27,937 50
11,562 00
22,236 00
41,072 24
10,825 10
62,726 40
13,470 00
26,750 00
Rate.
93|
lOlf
111
1031
99
98f
98i
98i
98
98
98
100f
106*.
96|
92*.
101±
101|
f 112*
1121
113
113|
noi
not
1111
114
114|
i H4i
106*.
102
100*
98*.
98
103*
108
Market Value.
$27,937 50
101,750 00
11,100 00
20,700 00
133,650 00
14,793 75
24,531 25
24,531 25
24,500 00
24,500 00
9,800 00
5,031 25
10,650 00
163,625 00
4,625 00
25,312 50
1,317
3,648
3,656
3,672
3,684
825
2,489
2,517
2,565 00
2,573 44
2,576 25
10,650 00
20,400 00
40,595 31
10,835 00
62,720 00
12,420 00
27,000 00
13
25
50
69
94
06
19
422 BRITISH AND FOREIGN MARINE INSURANCE CO. (LIMITED).
Miscellaneous Bonds.
Central Canada Loan & Savings Co. 4s, 1907,
Mathews Steamship Co. 5s, 1909,
Mathews Steamship Co. 5s, 1910,
Mathews Steamship Co. 5s, 1911,
Mathews Steamship Co. 5s, 1912,
Provincial Light, Heat & Power Co. 5s, 1946,
Toronto Savings & Loan Co. 4s, 1909,
Book Value.
Rate.
Market Value.
$365,000 00
100
$365,000 00
. "1
f 100
7,000 00
■ 1 24,750 00
100
1 100
7,000 00
7,000 00
• J
1 100
4,000 00
56,925 00
95
52,250 00
50,000 00
100
50,000 00
$1,390,510 30
$1,333,434 14
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, New York, N. Y.
Income.
Net marine premiums, . . . . . . . . $774,800 31
Interest on mortgage loans, $875; stocks and bonds, $33,061 .73, . 33,936 73
Received from home office, . . . ' . . . . 252,033 27
Profit and loss, . . . . ■ 442 19
Total income, ......
Ledger assets, Dec. 31, 1905, .....
Total,
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, .....
Printing and stationery, .....
Postage, telegrams and telephone, ....
All other disbursements, .....
Total disbursements,
Balance, .......
Ledger Assets.
Mortgages, ........
Stocks and bonds (schedule A),
Cash in banks, .......
Agents' balances, .......
Total ledger assets, ......
Non-Ledger Assets.
Interest accrued : —
On mortgages, $437.50; stocks and bonds, $13,408.41,
Market value of stocks and bonds over book value, .
Due from other companies, .....
$1,061,212 50
1,283,635 13
$2,344,847 63
$217,196 99
96,503 51
49,381 38
6,500 00
18,009 90
626,317 88
5,833 73
4,325 42
22,874 61
$1,046,943 42
$1,297,904 21
$17,500 00
989,684 05
20,011 88
270,708 28
,297,904 21
13,845 91
415 20
27,217 96
Gross assets,
,339,383 28
BRITISH AND FOREIGN MARINE INSURANCE CO. (LIMITED). 423
Assets not admitted.
Cash not in control of trustees, . . . $20,011 88
Agents' balances over three months due, . . 24,902 97
Special deposits less $2,904.56 liability thereon, 52,150 44
Due from unauthorized companies, . . . 19,894 25
Interest accrued on stocks, .... 1,516 33
Total unadmitted assets, .... —
Total admitted assets,
Liabilities.
!,663 resisted, .
Unpaid losses, including
Less reinsurance, .
Unearned premiums on outstanding risks,
Salaries and other miscellaneous expenses, due or accrued,
Commissions and other charges due agents and brokers,
Due for reinsurance, ......
$214,126 21
16,478 07
Total,
Surplus to policy holders,
Deposit capital, . . . . .
Surplus over capital and general liabilities,
Total liabilities, ....
$617,121 34
$118,475 87
1,220,907 41
$197,648 14
256,226 11
3,578 21
39,849 93
106,483 68
$603,786 07
300,000 00
317,121 34
$1,220,907 41
Risks and Premiums.
Premiums.
Marine risks outstanding Dec. 31, 1905, . . $24,999,877 00 $276,511 73
Marine risks written during 1906,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
Miscellaneous.
Marine losses included during the year, .
736,563,194 00 1,801,630 58
$761,563,071 00 $2,078,142 31
737,050,196 00 1,792,086 52
$24,512,875 00
2,269,202 00
$286,055 79
29,829 68
$22,243,673 00 $256,226 11
$194,796 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
250 shares Cleveland & Pittsburg,
15 " Illinois Central (leased lines),
766 " Pittsburg, Ft. Wayne & Chicago,
Government Bonds.
District of Columbia 3 . 65s, 1924,
State and Municipal Bonds.
Brooklyn, N. Y., 3s, 1913,
Massachusetts 3-^s, 1930, .
New York, N. Y., 3^s, 1916,
New York, N. Y., 3*s, 1953,
Portland, Ore., 5s, 1923, .' ■
Portland, Ore., 5s, 1922, .
Port of Portland, Ore., 5s, 1922,
Railroad Bonds.
Boston, Clinton, Fitchburg & N. Bedford 5s, 1910,
Boston & Maine 4^-s, 1944, . . .
Book Value.
$39,653 93
1,595 00
123,131 08
118,302 12
42,874 92
12,762 36
104,004 00
70,461 25
26,093 34
2,298 78
9,034 74
2,046 06
1,041 26
Rate.
177
103
173
116
95i
lOOf
961
91*
113
112|
111
102f
112
Market Value.
$44,250 00
1,545 00
132,518 00
116,000 00
40,005 00
12,090 00
96,875 00
64,050 00
25,990 00
2,247 50
8,S80 00
2,055 00
1,120 00
424
CALEDONIAN INSURANCE CO.
Boston & Maine 34s, 1923,
Chic, Mil., St. P. (C. & Pac. W. Div.) 5s, 1921,
Illinois Central 3-|s, 1951, .
Lehigh Valley 1st mortgage 4-^s, 1940,
New England 5s, 1945,
New York, New Haven & Hartford 4s, 1955,
Old Colonv 4s, 1925, ....
Old Colony 4s, 1938,
Pennsylvania collateral trust 44s, 1913,
Book Value.
Rate.
Market Value.
SI 1,559 33
96i
$11,550 00
53,887 68
111*
61,325 00
28,919 63
98
29,400 00
36,056 34
1084
37,975 00
60,356 34
1214
60,750 00
129,698 82
101i
124,537 50
51,550 02
1024,
51,250 00
26,100 63
103f
25,906 25
38,256 42
102
39,780 00
$989,684 05
$990,099 25
UNITED STATES BRANCH OF THE CALEDONIAN INSURANCE
COMPANY, EDINBURGH, SCOTLAND.
Deposit Capital, $200,000.
CHARLES H. POST, United States Manager.
Office, 50 Pine Street, New York, N. Y.
Income.
Net fire premiums, . . .
Interest on stocks and bonds, .
Rents, including company's own occupancy,
Assets not taken credit for Dec. 31, 1905,
Received from home office,
From all other sources, ....
Total income, ....
Ledger assets, Dec. 31, 1905, .
Total,
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, $5,545.60; other taxes and fees, 137,398
Furniture, advertising, printing, etc.,
Postage, express and telegrams, . . .
Traveling expenses, ......
All other disbursements,
Total disbursements, .....
Balance, .......
.48,
Real estate, .
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Bills receivable,
Due from other companies,
Total ledger assets, .
Ledger Assets.
$1,429,659 13
53,306 35
41,063 24
1,250 00
2,136,747 85
778 10
$3,662,804 67
1,869,982 11
$5,532,786 78
$2,843,595 71
334,207 84
91,504 03
7,446 80
17,336 03
42,944 08
12,379 77
13,310 77
10,162 95
22,213 86
$3,395,101 84
$2,137,684 94
' $434,489 53
1,214,161 12
325,260 67
161,305 85
506 70
1,961 07
$2,137,684 94
CALEDONIAN INSURANCE CO.
425
Non-Ledger Assets.
Interest due and accrued on bonds,
Market value of real estate over book value,
Gross assets,
$7,129 15
90,510 47
1,235,324 56
Assets not admitted.
Cash not in control of trustees, . . . $124,437 39
Stocks not in control of trustees, . . . 2,200 00
Agents' balances over three months due, . . 28,906 72
Special deposits less $42,420.92 liability thereon, 49,847 83
Due from unauthorized companies, . . . 1,159 31
Book value of stocks and bonds over market value, 19,317 37
Total unadmitted assets, ....
Total admitted assets, . . . . .
Liabilities.
Unpaid losses, including $26,239.43 resisted, . $607,543 54
Less reinsurance, . . . . . . 148,578 19
Unearned premiums on outstanding risks, ....
Commissions and other charges due agents and brokers, .
Due for reinsurance, ........
Reserve for contingencies, .......
Total,
Surplus to policy holders,
Deposit capital, .....
Surplus over capital and general liabilities,
Total liabilities, ....
$339,338 94
225,868 62
2,009,455 94
$458,965 35
1,172,010 50
778 10
28,363 05
10,000 00
51,670,117 00
200,000 00
139,338 94
52,009,455 94
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1905, . . $212,948,399 00 $2,383,347 49
Fire risks written during 1906,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured.
Net amount in force,
163,450,985 00 1,948,349 71
5376,399,384 00 $4,331,697 20
153,476,279 00 1,835,174115
$222,923,105 00 $2,496,523 05
22,735,707 00 262,238 65
$200,187,398 00 $2,234,284 40
Miscellaneous.
Fire losses incurred during the year,
$3,081,847 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value. Rate. Market Value.
600 shares Chic, Mil. & St. Paul, preferred, . $99,974 74 162f $97,650 00
Sub. to 300 shares 0., M. & St. P., pref. (10% pd.), 3,000 00 100 3,000 00
Sub. to 150 shares C, M. & St. P., com. (10% pd.), 1,500 00 100 1,500 00
600 rights Chicago, Milwaukee & St. Paul, . - 33£ 20,100 00
200 shares Cleveland & Pittsburg, . . . 17,700 00 177 17,700 00
1,000 " Lehigh Valley, .... 55,412 50 154 77,000 00
500 " Manhattan, 67,970 72 142f 71,375 00
200 " Morris & Essex, .... 18,500 00 182 18,200 00
426
COLOGNE REINSURANCE CO.
100 shares N. Y., Chic. & St. Lo., 1st preferred, .
600 " Pennsylvania, . . . .
100 " Rome, Watertown & Ogdensburg,
Miscellaneous Stocks.
500 shares Consolidated Gas Co., N. Y., .
200 " Electric Bond & Share Co., preferred,
2 " General Adjustment Bureau, .
500 " The Mackay Companies, preferred,
10 " Underwriters' Salvage Co., N. Y.,
10 " Underwriters' Salvage Co., Chic,
1 share Western Adjustment & Inspection,
Government Bonds.
United States 2s, 1930, ....
State and Municipal Bonds.
Georgia 3*s, 1917, .
New York, N. Y., 3*s, 1928,
New York, N. Y., 3*s, 1942,
New York, N. Y., 3^s, 1954,
Portland, Ore., 5s, 1923, .
Richmond, Va., 4s, 1924-1927,
Railroad Bonds.
Chic, Mil. & St. Paul (So. Minn. Div.) 6s, 1910,
Chicago, Rock Island & Pacific 4s, 1988,
Richmond & Petersburg 4*s, 1940,
St. P., Minn. & Manitoba (Mont. Ex.) 4s, 1937,
Miscellaneous Bonds.
Brooklyn Union Gas Co.'s 5s, 1945, .
Central Union Gas Co., New York, 5s, 1927,
Book Value.
$11,300 00
40,512 50
13,000 00
91,928 20
18,400 00
100 00
36,689 05
1,000 00
1,000 00
150 00
105,003 18
10,000 00
109,250 00
102,125 00
111,185 89
57,284 47
24,825 25
58,553 59
51,750 00
50,500 00
44,257 50
5,788 53
5,500 00
,214,161 12
Rate.
118
138f
127*
138
87
100
68*
100
100
100
104*
104i
94i
92f
91f
113
lOlf
105i
99|
105
100
106*
103*
Market Value.
$11,800 00
41,512 50
12,750 00
69,000 00
17,400 00
100 00
34,250 00
1,000 00
1,000 00
100 00
104,500 00
10,425 00
94,250 00
92,375 00
100,512 50
56,500 00
25,343 75
52,625 00
49,875 00
52,500 00
50,000 00
5,325 00
5,175 00
1,194,843 75
UNITED STATES BRANCH OF THE COLOGNE REINSURANCE
COMPANY, COLOGNE, GERMANY.
Deposit Capital, $200,000.
EDWIN M. CRAIGIN, United States Manager.
Office, 58 Liberty Street, New York, N. Y.
Income.
Net fire premiums,
Interest on bonds, .
Received from home office,
Total income, .
Ledger assets, Dec. 31, 1905,
Total, .
Net amount paid for fire losses,
Commissions or brokerage,
Taxes and fees,
Remitted to home office,
All other disbursements,
Total disbursements,
Balance,
Disbursements.
$632,646 74
32,600 00
1,168 25
$666,414 99
861,003 61
1,527,418 60
$254,600 83
185,062 09
7,269 05
177,488 16
124 64
$624,544 77
$902,873 S3
COLOGNE REINSURANCE CO. 427
Ledger Assets.
Bonds (schedule A), $742,487 08
Cash in banks, ......... 236 62
Agents' balances, ......... 160,150 13
Total ledger assets, $902,873 83
Non-Ledger Assets.
Interest accrued on bonds, ....... 3,732 00
Gross assets, $906,605 83
Assets not admitted.
Agents' balances over three months due, . $43,618 85
Book value of bonds over market value, . . 23,418 33
Total unadmitted assets, .... 67,037 18
Total admitted assets, $839,568 65
Liabilities.
Unpaid losses, . . . $60,960 89
Unearned premiums on outstanding risks, .... 490,597 09
Total, . $551,557 98
Surplus to policv holders, .... $288,010 67
Deposit capital, . . . 200,000 00
Surplus over capital and general liabilities, . . . . 88,010 67
Total liabilities, $839,568 65
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1905, . . $91,810,728 00 $845,114 35
Fire risks written during 1906, . . . 84,107,147 00 804,220 27
Total, $175,917,875 00 $1,649,334 62
Deduct risks expired and terminated, . . 75,739,338 00 708,562 09
In force at end of year, $100,178,537 00 $940,772 53
Miscellaneous.
Fire losses incurred during the year, . . . . . $263,536 00
Schedule A. Bonds owned by the Company.
Government Bonds.
United States 4s, 1925,
Municipal Bonds.
New York, N. Y., 3^s, 1917, ....
New York, N. Y., 3£s, 1928, ....
Railroad Bonds.
Atchison, Topeka & Santa Fe gen. mortg. 4s, 1995,
Central Pacific 1st ref. 4s, 1949, . ...
Central Pacific 3£s, 1929,
Chicago, Milwaukee & St. Paul 5s, 1921,
Union Pacific 4s, 1947,
Book Value.
Rate.
Market Value.
$202,602 00
129f
$206,103 75
106,750 89
55,349 66
96|
94f
96,750 00
47,125 00
51,096 25
97.591 09
41,312 50
92,191 78
95.592 91
100
981
85i
llli
102
50,000 00
98,875 00
39,215 00
89,200 00
" 91,800 00
$742,487 08
$719,068 75
428
COMMERCIAL UNION ASSURANCE CO. (LIMITED).
UNITED STATES BRANCH OF THE COMMERCIAL UNION ASSUR-
ANCE 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, $5,060,676.15; marine, $158,831.46,
Deposit premiums on perpetual risks,
Interest on mortgage loans, $1,166; stocks and bonds,
260.10; deposits, $9,691.73, ....
Rents, including company's own occupancy,
Profit on maturity of bonds, .....
Received from home office, .
Total income, .......
Ledger assets, Dec. 31, 1905, .....
. $5,219,507 61
246
00
$126,-
137,117
83
62,798
66
3,037
50
. 2,298,437
79
. $7,721,145 39
. 4,794,253
98
Total,
$12,515,399 37
DlSBUKSEMENTS.
Net amount paid for fire losses, $3,562,090.36; marine, $122,
565.08, . . . . .
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, $13,725.99; other taxes and fees, $92,178.96
Reduction in book value of ledger assets,
Printing and stationery, ....
National and local boards, ....
Postage, telegrams and exchange, .
Advertising and subscriptions,
Traveling and surveys, . - .
All other disbursements, ....
Total disbursements, ....
Balance, ......
Ledger Assets.
Real estate, $707,309.81; mortgages, $23,000, .
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Bills receivable,
Due from other companies,
Total ledger assets, ....
Non-Ledger Assets.
Interest accrued : —
On mortgages, $466.25; bonds, $64,353.86, .
Rents accrued on company's property,
. $3,684,655 44
. 1,289,759
94
170,521
70
17,962
54
25,419
42
105,904
95
27,571
25
29,237
56
: 46,388
31
25,711
82
4,497
20
37,177
10
54,054
98
. $5,518,862
21
. $6,996,537
16
$730,309 81
5,189,333 06
317,429 13
747,664 79
5,299 08
6,501 29
£6,996,537 16
64,820 11
10,673 42
COMMERCIAL UNION ASSURANCE CO. (LIMITED). 429
Market value of real estate over book value, .... $180,090 19
Market value of stocks and bonds over book value, . . . 9,088 19
Gross assets, $7,261,809 07
Assets not admitted.
Cash not in control of trustees, . . . $138,744 54
Agents' balances over three months due, . . 31,224 74
Bills receivable, past due, .... 3,923 60
Special deposits less $71,008 . 15 liability thereon, 82,029 35
Due from unauthorized companies, . . 4,908 93
Total unadmitted assets, . . . 260,831 16
Total admitted assets, $7,000,977 91
Liabilities.
Unpaid losses, including $36,850 resisted, . $1,597,634 30
Less reinsurance, 133,362 80 $1,464,271 50
Unearned premiums on outstanding risks, .... 3,846,833 11
Reclaimable on perpetual fire policies, ..... 107,004 48
Commissions and other charges due agents and brokers, . . 88,970 77
Due for return premiums, $22,703.42; reinsurance, $46,419.40, 69,122 82
Total, $5,576,202 68
Surplus to policy holders, .... $1,424,775 23
Deposit capital, . 300,000 00
Surplus over capital and general liabilities, .... 1,124,775 23
Total liabilities, $7,000,977 91
Risks and Pkemiums.
Premiums.
$624,630,793 00 $6,343,343 38
724,900,610 00 6,660,302 73
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
,349,531,403 00 $13,003,646 11
585,242,800 00 4,800,157 40
$764,288,603 00 $8,203,488 71
60,399,377 00 603,559 78
Net amount in force, . . / . $703,889,226 00 $7,599,928 93
Perpetual risks in force (not included above), $5,586,567 00 $118,893 86
Marine risks outstanding Dec. 31, 1905, . $6,940,790 00 ' $86,159 35
Marine risks written during 1906, . . 196,321,446 00 219,931 06
Total, $203,262,236 00 $306,090 41
Deduct risks expired and terminated, . 197,757,166 00 236,844 19
In force at end of year, . . . $5,505,070 00 $69,246 22
Deduct amount reinsured, . . . 270,894 00 5,705 40
Net amount in force, . . . $5,234,176 00 $63,540 82
Miscellaneous.
Fire losses incurred during the year, ..... $4,707,588 00
Marine and inland losses incurred during the year, . . . 93,857 00
430
COMMERCIAL UNION ASSURANCE CO. (LIMITED).
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
*550 shares New York, New Haven & Hartford, .
500 " Union Pacific, preferred,
Miscellaneous Stocks.
3 shares General Adjustment Bureau, N. Y.,
10 " Underwriters' Salvage, New York,
10 " Underwriters' Salvage, Chicago,
Government Bonds.
United States 4s, 1925,
United States 2s, 1930, . . . ...
Municipal Bonds.
New York, N. Y., 3Js, 1922, ....
New York, N. Y., 3*js, 1927, ....
New York, N. Y., 3£s, 1952, ....
Railroad Bonds.
Atlantic Coast Line (Louis. & Nash, coll.) 4s, 1952,
Baltimore & Ohio (So. Western Div.) 3£s, 1925, .
Baltimore & Ohio (Pitts., L. E. & W. Va.) 4s, 1941,
Buffalo & Lake Huron, of Canada, 5-^s, irred.,
Buffalo 5s, 1931,
Canada Atlantic 4s, 1955, ....
Central of New Jersey 5s, 1987,
Central Pacific 1st refunding 4s, 1949,
Central Pacific 3£s, 1929, ....
Chic, Burlington & Quincy (111. Div.) 3£s, 1949,
Chic, Milwaukee & St. Paul Terminal 5s, 1914,
Chic, Mil. & St. P. (C. & P. W. Division) 5s, 1921
Chicago & Northwestern 5s, 1929,
Chicago & Northwestern 7s, 1915,
Chicago, Rock Island & Pacific 6s, 1917,
Chicago, Rock Island & Pacific 4s, 1988,
Chicago, Rock Island & Pacific 4s, 1934,
Chicago, St. Louis & New Orleans 5s, 1951,
Cleve., C, C. & St. Lo. (S. & C. Division) 4s, 1940
Connecticut Railway & Lighting Co. 4^s, 1951,
Denver & Rio Grande equipment 4*s, 1910,
Denver & Rio Grande equipment 4*s, 1911,
Denver & Rio Grande 4s, 1936,
Denver & Rio Grande 4*s, 1936,
Des Moines & Fort Dodge 4s, 1935, .
Detroit United Traction 4£s, 1932, .
Erie 7s, 1920,
Illinois Central (purchased lines) 3-^s, 1952,
Indianapolis & Vincennes 7s, 1908,
Kentucky Central 4s, 1987, .
Lake Erie & Western 5s, 1937, .
Lake Shore & Michigan Southern 4s, 1928,
Lehigh Valley, N. Y., 4£s, 1940,
Lehigh Valley Terminal 5s, 1941,
Long Island (North Shore Branch) 5s, 1932,
Long Island 5s, 1934, ....
Long Island guaranteed ref. 4s, 1949,
Louisville & Nashville 4s, 1940,
Louis. & Nash. (N. O. & M. Div.) 1st mtg. 6s, 1930
Metropolitan Street, N. Y., 5s, 1997, .
Metropolitan Street, N. Y., 4s, 2002, .
Milwaukee, Lake Shore & Western 6s, 1921,
Mil., L. Shore & Western (Ashland Div.) 6s, 1925
Minneapolis Street 5s, 1919,
Minn., St. Paul & Sault Ste. Marie 4s, 1938,
Missouri Pacific 4s, 1945, ....
Mobile & Ohio equipment 4^s, 1913, .
New Orleans Terminal Co. 4s, 1953, .
New York Central & Hudson River 4s, 1934,
N. Y. Cent. & Hud. R. (Lake Shore coll.) 3$s, 1998
Norfolk & Western 6s, 1934,
Norfolk & Western 6s, 1931,
Northern Pacific 4s, 1997,
Oregon Short Line 4s, 1929, .
Book Value.
Rate.
Market Value.
$105,228 75
1901
$104,775 00
46,918 75
94
47,000 00
150 00
100
150 00
1,000 00
100
1,000 00
1,000 00
100
1,000 00
372,031 16
129f
401,837 50
106,502 50
104*.
114,950 00
100,950 00
95*.
95,500 00
100,940 00
941
94,500 00
102,700 00
91|
91,625 00
48,093 50
89
44,500 00
12,896 80
90*.
12,670 00
99,250 00
94|
94,875 00
47,328 32
136
47,600 00
28,616 00
HOf
27,687 50
14,700 00
101f
15,262 50
54,503 34
126
63,000 00
100,250 00
98!
98,875 00
44,555 70
85i
42,625 00
46,980 92
91f
45,875 00
76,521 35
106|
80,062 50
53,083 23
111*
55,750 00
68,943 97
106
72,080 00
55,775 40
121
60.500 00
66,655 53
117
70,200 00
49,750 00
99f
49,875 00
49,165 00
90
45,000 00
59,875 00
120*.
60,250 00
45,521 91
96*
48,250 00
50,937 50
102
51,000 00
28,914 90
98*
29,550 00
19,276 60
98f
19,625 00
50,357 30
97|
48,875 00
51,200 00
105
52,500 00
99,589 33
96
96,000 00
94,289 72
89*
89,500 00
78,057 00
126f
75,825 00
48,700 00
91
45,500 00
66,548 58
102*
66,625 00
20,087 06
99
19,800 00
14,549 17
H3|
14,771 25
24,142 30
98
24,500 00
50,000 00
107*
53,750 00
52,128 08
117*
58,750 00
25,900 00
110"
26,400 00
52,806 55
115
57,500 00
102,569 25
99
99,000 00
25,254 81
100
25,000 00
62,100 00
1241
62,062 50
28,914 92
105f
26,406 25
44,903 85
82^
41,250 00
28,192 64
122
30,500 00
24,815 00
127
25,400 00
51,100 89
106 '
53,000 00
101,596 08
99*
99,500 00
44,150 00
89"
44,500 00
49,171 50
97*
47,652 50
4S,138 78
93
46,500 00
200,774 30
97|
195,250 00
44,436 22
86i
43,125 00
64,369 00
128
64,000 00
63,850 00
129
64,500 00
103,165 00
102
102,000 00
96,007 67
93^
93,500 00
HAMBURG-BREMEN FIRE INSURANCE CO.
431
Pennsylvania Co. 3£s, 1944,
Pennsylvania convertible 3^s, 1915, .
St. Louis Bridge Co. 7s, 1929, .
St. Louis Transit Co. 5s, 1924, .
St. Louis, Iron Mt. & Southern 4s, 1929,
St. Louis, Iron Mt. & Southern 5s, 1931,
St. Louis & San Francisco 4-ys, 1914-6,
St. Paul City 5s, 1937, ....
St. Paul, Minneapolis & Manitoba 6s, 1933,
Southern 5s, 1994,
Toledo, Walhonding Valley & Ohio 4£s, 1931-3,
Union Pacific 4s, 1947, ....
United of New Jersey 4s, 1944, .
Wabash 4s, 1954,
Western Pennsylvania 4s, 1928,
West Shore 4s, 2361, ....
West Virginia & Pittsburgh 4s, 1990,
Wisconsin, Minnesota & Pacific 4s, 1950,
Miscellaneous Bonds.
American Cigar Co. 4s, 1912,
Continental Coal Co. 5s, 1952, .
N. Y. Gas & Elec. Light, Heat & P. Co. 5s, 1948,
Western Union Telegraph Co. 4^-s, 1950,
Book Value.
Rate.
Market Value.
$95,800
00
88|
$88,625 00
50,970
53
93
46,500 00
103,311
60
140
104,300 00
24,279
50
94i
23,562 50
44,066
67
89
44,500 00
57,922
95
113*
56,750 00
92,033
75
95
95,000 00
25,446
30
109
27,250 00
32,675
00
132
33,000 00
116,295
00
113|
113,750 00
93,168
40
102
90,780 00
88,409
61
102
102,000 00
13,097
53
108
12,960 00
47,162
50
91
45,500 00
51,142
59
104
52,000 00
51,175
00
i03i
51,750 00
24,745
00
97*
24,281 25
46,060
00
90
45,000 00
23,000
00
93
23,250 00
50,250
00
104
52,000 00
37,740
00
103
35,020 00
49,700
00
99^
49,750 00
$5,189,333
06
$5,198,421 25
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.
. $1,763,668 19
Net fire premiums,
Interest on collaterals, $178.33; bonds,
$3,627.50,
Profit on sale of bonds, .
Received from home office,
Profit and loss, ....
Increase in book value of bonds,
Total income, ....
Ledger assets, Dec. 31, 1905, .
Total,
Disbursements
Net amount paid for fire losses,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents, . . . . ...
Taxes and fees, .....
Loss on sale of bonds, ....
Remitted to home office,
Advertising, printing and stationery, ' .
Postage, . . ...
Underwriters' Salvage Company stock charged
Reduction in book value of bonds, .
Traveling expenses,
$70,180.79; all other,
off,
73,986 62
374 78
2,932,700 73
81 39
306 25
$4,771,117 96
1,992,297 89
$6,763,415 85
1,540,245 01
355,086 48
189,948 46
15,827 09
50,980 35
922 28
200,955 11
19,754 58
15,441 05
1,000 00
13,163 95
24,979 21
432
HAMBURG-BREMEN FIRE INSURANCE CO.
Underwriters' boards and patrol, .....
All other disbursements, ......
Total disbursements, ......
Balance, . . . . .
Ledger Assets.
Loans secured by collateral (schedule A),
Bonds (schedule B), .
Cash in banks and office, ......
Agents' balances, . . .
Total ledger assets, ......
Non-Ledger Assets.
Interest accrued on bonds, .
Market value of bonds over book value, ....
Gross assets, ........
Assets not admitted.
Cash not in control of trustees, . . . $40,716
Collateral loans not in control of trustees, . 40,000
Agents' balances over three months due, . 2,933
Special deposits less $61,485 . 01 liability thereon, 33,458
Total unadmitted assets, . . .
$33,460 40
16,868 64
$4,478,632 61
$2,284,783 24
$409,849 81
1,692,812 24
60,716 97
121,404 22
52,284,783 24
23,761 87
22,844 01
1,331,389 12
97
00
89
74
Total admitted assets, ......
Liabilities.
Unpaid losses, including $100,929 resisted, . $549,749
Less reinsurance, ...... 57,784
Unearned premiums on outstanding risks,
Commissions and other charges due agents and brokers,
117,109 60
!,214,279 52
00
00 $491,965 00
. 1,418,881 70
2,709 70
Total,
Surplus to policy holders,
Deposit capital, .....
Surplus over capital and general liabilities,
$300,723 12
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905, . . $237,174,718
Fire risks written during 1906, . . ' . 175,753,487
Total, . . .
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
,913,556 40
200,000 00
100,723 12
!,214,279 52
Premiums.
00 $2,861,786 17
00 2,149,575 12
$412,928,205
174,365,052
00 $5,011,361 29
00 2,179,429 85
$238,563,153
9,988,147
00 $2,831,931 44
00 74,110 48
Net amount in force, ....
Miscellaneous.
Fire losses incurred during the year,
$228,575,006 00 $2,757,820 96
!,922,410 00
HAMBURG-BREMEN FIRE INSURANCE CO.
433
Schedule A. Securities held as Collateral.
Company's
Market Value.
$40,500 00 1
18,270 00 J
69,937 50
49,400 00
90,800 00
121,800 00
22,843 75
24,320 00
14,000 00
5,606 25
4,587 50 J
St. Louis, Rocky Mt. & Pacific 1st mortgage 5s, 1955, .
Cuba 5s, 1904, *
Pennsylvania R.R. Co. 3^s, 1915, ....
Chicago, Rock Island & Pacific Railway Co. 4s, 2002, .
Edison Electric Illuminating Co., N. Y., 5s, 1995,
Cuba 5s, ........
Norfolk & Western Railroad (Pocahontas Joint) 4s, 1941,
Chicago, Rock Island & Pacific Railway Co. 4s, 2002, .
St. Paul, Minnesota & Manitoba R.R. (Montana Ex.) 4s, 1937,
Western North Carolina Railroad Co. 6s, 1914,
Habana Electric Railway Co. 5s, 1952,
Loaned
Thereon.
$50,000 00
319,849 81
40,000 00
$462,065 00 $409,849 81
Schedule B. Bonds owned
Government Bonds.
District of Columbia 3 . 65s, 1924,
State and Municipal Bonds
Georgia 4^s, 1915, .
New York, N. Y., 3s, 1907,
New York, N. Y., 3£s, 1940,
New York, N. Y., 3£s, 1951,
New York, N. Y., 3^s, 1952,
New York, N. Y., 3£s, 1955,
Portland, Or,e., 5s, 1917, .
Providence, R. I., 4s, 1923,
Richmond, Va., 5s, 1922, .
Richmond, Va., 4s, 1924, .
St. Louis, Mo., 3.65s, 1907,
Railroad Bonds.
Atch., Top. & Santa Fe gen. mort. 4s, 1995,
Baltimore & Ohio prior lien 3^s, 1925,
Beech Creek 4s, 1936,
Buffalo & Susquehanna 4s, 1951,
Central of Georgia 1st mortgage 5s, 1945,
Central Pacific 1st refunding 4s, 1949,
Chesapeake & Ohio 5s, 1939,
Chicago & Alton 3^s, 1950,
Chic, Mil. & St. P. (Ch. & Pac. W. Div.) 5s, 1921
Chic, Mil. & St. Paul Term. 5s, 1914,
Cin., Indianap., St. Louis & Chic 4s, 1936,
Denver & Rio Grande 4s, 1936,
East Tenn., Virginia & Georgia 5s, 1956,
Erie prior lien 4s, 1996,
Hocking Valley 4*s, 1999,
Illinois Central 3^s, 1951,
Lake Erie & Western 5s, 1937, .
Long Island 5s, 1931,
Louisiana & Arkansas 5s, 1927,
Louisville & Nashville 5s, 1937,
Mo., Kan. & Texas 1st mort. 4s, 1990,
Missouri Pacific 5s, 1917, .
N. Y., Chicago & St. Louis 4s, 1937,
Norfolk & Western 4s, 1996,
Northern Pacific 4s, 1997, .
Oregon Ry. & Nav. Co. 4s, 1946,
Oregoa Short Line 5s, 1946,
Pennsylvania Co. 4*s, 1921, . -
Pennsylvania 4s, 1943,
Pennsylvania 5s, 1919,
Pitts., Cin., Chic. & St. Louis 4^s, 1940,
Read. Co. & Phila. & Read. Co. & Ir. Co. 4s, 1997
St. Louis & San Francisco 5s, 1931,
St. Paul, Minn. & Manitoba 4-Js, 1933,
Scioto Valley & New England 4s, 1989,
Union Pacific 4s, 1947,
Wabash 1st mortgage 5s, 1939, .
by the Company.
Book Value. Rate.
$122,304 00 116
10,650 00
24,687 50
29,625 00
49,375 00
29,625 00
99.120 00
54,500 00
26,250 00
16.121 00
12,875 00
24,437 50
50,656 00
46,852 50
20,005 00
48,750 00
34,060 00
49,790 00
29,417 50
23,175 00
32,491 34
21,500 00
29,776 00
44,752 00
25,990 00
49,150 00
42,900 00
47,471 50
32,481 00
33,447 50
20,666 00
30,300 00
46,572 00
10,383 00
27,142 00
30,150 00
26,512 00
24,248 50
23,300 00
31,762 50
15,225 00
10,980 00
33,059 60
29,510 00
15,530 00
30,182 30
21,750 00
30,300 00
52,938 00
111
99i
92f
91f
91f
91f
109
104^
llli
101i
99|
100
92i
102
96i
119
98|
116
75i
llli
106|
100
97f
116
97
104-J
98
113f
113i
102
1161
97*.
103*.
lOlf
98*.
102
98*
114*.
105*
lOOf
109
109i
99
109f
110
99
102
112*.
Market Value.
$121,800 00
11,100 00
24,812 50
27,787 50
45,812 50
27,487 50
91,375 00
54.500 00
26,062 50
16,687 50
12,656 25
24,937 50
50,000 00
46,125 00
20,400 00
48,250 00
35,700 00
49,437 50
29,000 00
22,650 00
33,450 00
21,350 00
30,000 00
48,875 00
29,000 00
48,500 00
41,800 00
49,000 00
34.087 50
34,050 00
20,400 00
34,950 00
48,750 00
10,350 00
30,525 00
29,550 00
30,600 00
24,625 00
22,900 00
31,650 00
15,093 75
10,900 00
32,775 00
29,700 00
16,443 75
33,000 00
29,700 00
30,600 00
56,250 00
434
LAW, UNION AND CROWN INSURANCE CO.
Miscellaneous Bonds.
Edison Elec. Ilium. Co., New York, 5s, 1910,
Book Value.
$20,066 00
L, 692,812 24
Rate.
101
Market Value.
$20,200 00
1,715,656 25
UNITED STATES BRANCH OF THE LAW, UNION AND CROWN
INSURANCE COMPANY, LONDON, ENGLAND.
Deposit Capital, $200,000.
A. F. SHAW, United States Manager.
Office, 159 La Salle Street, Chicago, III.
Income.
Net fire premiums, $376,013 30
Interest on stocks and bonds, $29,167.36; deposits, $124.10, . 29,291 46
Profit on sale of bonds, ........ 87 50
Received from home office, . . ■ . . . . 1,458,540 85
Total income, . . . .
Ledger assets, Dec. 31, 1905, .
Total,
Disbursements.
Net amount paid for fire losses,
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees,
Rents, . . . .
Taxes and fees, ......
Loss on sale of bonds, .....
Remitted to home office, ....
Advertising, printing, stationery and subscriptions,
Maps, ........
Postage, express and telegrams,
Traveling expenses, .....
Boards, .......
All other disbursements, ....
Total disbursements, . . . .
Balance, . ...
Ledger Assets.
Stocks and bonds (schedule A),
Cash in banks, ......
Agents' balances, . . . . . .
Total ledger assets, .....
Non-Ledger Assets.
Interest accrued : —
On bonds, $4,127 . 08 ; other assets, $47 . 44,
Gross assets, ......
Assets not admitted.
Cash not in control of trustees,
Agents' balances over three months due,
,863,933 11
909,481 43
. $2,773,414 54
. $1,810,057 06
99,424 52
11,882 43
1,095 75
9,435 02
21,381 25
114,889 15
2,104 46
1,807 96
828 31
3,631 11
4,552 09
604 35
. $2,081,693 46
. $691,721 08
. ' $597,990 75
42,331 98
51,398 35
. $691,721 08
4,174 52
. $695,895 60
$42,330 70
6 68
LAW, UNION AND CROWN INSURANCE CO.
435
Special deposits less $8,67S.09 liability thereon,
Book value of stocks and bonds over market value,
Total unadmitted assets, ....
,471
51,425
91
75
Total admitted assets,
$152,235 04
$543,660 56
Liabilities.
,221.48 resisted,
Unpaid losses, including
Less reinsurance, .....
Unearned premiums on outstanding risks,
Due for return premiums, $60; reinsurance, $11,317.50,
$78,543
9,124
03
28
Total,
Surplus to policy holders,
Deposit capital, .....
Surplus over capital and general liabilities,
$204,893 71
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, . .
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
Miscellaneous.
Fire losses incurred during the year,
$49,857,767
49,542,271
),418 75
257,970 60
11,377 50
$338,766 85
200,000 00
4,893 71
$543,660 56
Premiums.
00 $558,780 95
00 554,821 58
$99,400,038 00 $1,113,602 53
48,017,218 00 528,779 75
$51,382,820 00
7,431,950 00
$584,822 78
81,763 52
$43,950,870 00 $503,059 26
.,834,155 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
300 shares Allegheny & Western,
535 " Atch., Topeka & Santa Fe, preferred,
500 " Chicago & Gt. Western debenture,
25 " Pitts., Ft. Wayne & Chic, guar.,
125 " Rensselaer & Saratoga,
State and Municipal Bonds.
Georgia 4^-s, 1915,
Georgia 4£s, 1909, .
New York, N. Y., 3£s, 1941,
New York, N. Y., 3£s, 1952,
Portland, Ore., 5s, 1923, .
Richmond, Va., 4s, 1926, .
Railroad Bonds.
Atch., Topeka & Santa Fe 4s, 1955, .
Illinois Central 4s, 1953, ....
Pitts., Cin., Chic. & St. Louis 4£s, 1940,
Miscellaneous. Bonds.
Standard Gas Light Co., New York, 5s, 1930,
Book Value.
$44,468 75
54,325 00
45,000 00
4,350 00
24,960 00
5,490 00
5,325 00
4,887 50
217,000 00
60,842 00
53,967 50
5,000 00
10,150 00
39,025 00
23,200 00
Rate.
145
99
80
173
200
111
102
92£
91f
113
101|
104^
102
109±
107
Market Value
$43,500 00
52,965 00
40,000 00
4,325 00
25,000 00
5,550 00
5,100 00
4,625 00
183,250 00
56,500 00
50,687 50
5,225 00
10,200 00
38,237 50
21,400 00
$597,990 75
$546,565 00
436
LIVERPOOL AND LONDON AND GLOBE INSURANCE 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,
Deposit premiums on perpetual risks,
Interest on mortgage loans, $147,115.04; stocks
$179,340; deposits, $18,123.91, .
Rents, including company's own occupancy,
Increase in book value of bonds, . .
Received from home office, ....
Suspense account, . . .
Premiums on life policies, ....
Total income, . . . .
Ledger assets, Dec. 31, 1905, ....
and bonds
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,
Real estate taxes, $31,985 . 10 ; other taxes and fees, $183,752 . 77
Reduction in book value of bonds, .
Remitted to home office,
Claims paid on life policies, .
Legal expenses, ....
Advertising, printing and stationery,
Furniture, .....
Surveys, .....
Postage, express and telegrams,
Fire department, ....
Board of underwriters, .
Traveling expenses,
All other disbursements,
Total disbursements,
Balance, ....
Ledger Assets.
Real estate, $1,851,345.44; mortgages, $2,962,950,
Stocks and bonds (schedule A),
Cash in banks and office, ....
Agents' balances, . . . . . .
Total ledger assets, .....
£7,735,854 57
2,574 71
344,578 95
84,644 13
209 66
3,773,617 53
11,113 54
875 38
$11,953,468 47
. 12,105,731 63
$24,059,200 10
57,462,187 05
26,316 36
1,325,250 52
421,582 78
60,157 56
215,737 87
12,416 95
1,755,004 07
5,627 90
1,737 17
87,561 55
4,845 73
80,687 86
39,864 43
4,676 24
86,736 40
67,327 66
61,954 95
$11,719,673 05
$12,339,527 05
. $4,814,295 44
. 4,498,196 73
. 1,550,242 56
. 1,476,792 32
$12,339,527 05
LIVERPOOL AND LONDON AND GLOBE INSURANCE CO. 437
Non-Ledger Assets.
On mortgages, $39,001 . 57 ; bonds, $30,465 ; other assets, $188.90, $69,655 47
Rents due and accrued on company's property, . . . 10,000 00
Market value of real estate over book value, . . . . 351 84
Premium due on perpetual policies, ...... 77 96
Gross assets, ......
$12,419,612 32
Assets not admitted.
Cash not in control of trustees, . . . $285,865 96
Real estate not in control of trustees, . . 581,450 00
Agents' balances over three months due, . 34,461 63
Spec. dep. $146,762 . 50, liab. in set off, $146,762.50.
Book value of stocks and bonds over market value, 35,002 98
TVl+qI Tinorl'TTiiHoH QGGa+G C\Oa "7CA ~*7
loijai unaQiniuieu assdo, . . .
OUKJ,IUKJ <JI
Total admitted assets, ....
$11,482,831 75
Liabilities.
Unpaid losses, including $78,927.27 resisted, . $1,479,925 32 .
Less reinsurance, . . . . . . 610,068 98 $869,856 34
Unearned premiums on outstanding risks, .... 6,504,775 63
Reclaimable on perpetual fire policies, ..... 220,822 54
Reserve for life policies, . . . . . . . 38,186 66
Commissions and other charges due agents and brokers, . . 20,000 00
Due for return premiums, $68,388.56; reinsurance, $52,096.31, 120,484 87
Suspense account, . . . . . . . . . 11,113 54
Total,
Surplus to policy holders, ....
Deposit capital, ......
Surplus over capital and general liabilities,
. $7,785,239 58
$3,697,592 17
200,000 00
. 3,497,592 17
Total liabilities, $11,482,831 75
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Premiums.
11,289,168,344 00 $13,648,632 84
1,108,479,129 00 12,267,393 15
$2,397,647,473 00 $25,916,025 99
. 975,911,282 00 10,704,044 16
11,421,736,191 00 $15,211,981 83
. 338,606,096 00 2,652,852 98
Net amount in force, . . . $1,083,130,095 00 $12,559,128 85
Perpetual risks in force (not included above), . $7,975,002 00 $232,444 78
Miscellaneous.
Fire losses incurred during the year, ..... $7,717,417 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value. Rate. Market Value.
800 shares Baltimore & Ohio, preferred, . . $71,695 83 92^ $73,800 00
2,600 " Chic, Mil. & St. Paul, preferred, . 409,375 00 162f 423,150 00
438
LONDON ASSUKANCE CORPORATION.
1,000 shares CI., Cin.,, Ch. & St. Lo., preferred,
760 " Illinois Central (leased lines), .
1,900 " Norfolk & Western, preferred,
1,000 " Southern, preferred,
700 " Union Pacific, preferred, .
Government Bonds.
United States 4s, 1925, ....
State, County and Municipal Bonds.
Bernalillo County, New Mexico, 5s, 1915, .
New Mexico 6s, 1923, op. 1913,
New York 3s, 1912,
New York, N. Y., 3*s, 1922,
New York, N. Y., 3*s, 1928,
New York, N. Y., 3*s, 1940,
New York, N. Y., 3*s, 1941,
New York, N. Y., 3*s, 1942,
New York, N. Y., 3£s, 1949,
Richmond, Va., 8s, 1909, .
Richmond, Va., 4s, 1938, .
Railroad Bonds
Atch., Top. & Santa Fe gen. mtge. 4s, 1995,
Atlantic Coast Line cons. mtge. 4s, 1952,
Cleve., Col., Cin. & Ind. 7s, 1914,
Northern Pacific 4s, 1997, .
St. Louis, Iron Mt. & Southern 5s, 1931,
Southern 5s, 1994, ....
Union Pacific 4s, 1947,
Washington Terminal 3^s, 1945,
Book Value.
$119,000 00
80,644 61
175,125 00
95,125 00
67,137 50
782,452 12
5,423 25
5,677 69
422,928 90
129,769 80
78,418 96
25,546 75
107,665 12
126,240 88
586,196 01
5,077 38
52,744 32
103,111 45
246,716 48
116,696 46
104,257 25
168,500 42
112,810 80
105,222 25
194,637 50
4,498,196 73
Rate.
110
103
90
94
94
103|
109$
100
95*
94*
92f
92*
92f
91f
107*
100
100
96
119
102
113*
113f
102
96
Market Value.
$110,000 00
78,280 00
171,000 00
94,000 00
65,800 00
898,301 25
5,168 75
5,487 50
418,000 00
119,375 00
72,572 50
23,156 25
92,500 00
113,621 25
504,625 00
, 5,356 25
50,000 00
100,000 00
240,000 00
119,000 00
102,000 00
170,250 00
113,750 00
102,000 00
192,000 00
4,463,193 75
UNITED STATES BRANCH OF THE LONDON ASSURANCE
CORPORATION, LONDON.
[FIRE BRANCH.]
Deposit Capital, $200,000.
CHAS. L. CASE, United States Manager.
Office, 56 Wall Street, New York, N. Y.
Income.
Net fire premiums, . . . . . . .
Interest on bonds, $73,513.06; all other, $9,229.77, .
Profit on maturity of bonds,
Received from home office,
Total income, ......
Ledger assets, Dec. 31, 1905, ....
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,
Advertising, printing and stationery,
Furniture, .....
Maps, . . . .
$1,962,596 02
82,742 83
932 50
4,689,201 56
$6,735,472 91
2,341,599 35
$9,077,072 26
1,326,163 70
383,661 10
135,098 10
20,263 37
49,948 15
513,399 14
17,174 29
1,530 05
8,751 90
LONDON ASSURANCE CORPORATION.
439
Postage, express and telegrams,
Traveling expenses,
All other disbursements,
Total disbursements,
Balance,
Bonds (schedule A),
Cash in banks and office,
Agents' balances, ..
Total ledger assets,
Ledger Assets.
Non-Ledger Assets.
Interest accrued on bonds,
Due from other companies,
Gross assets, .
Assets not admitted.
Cash not in control of trustees,
Agents' balances over three months due, .
Special deposits less $69,157 .43 liability thereon,
Book value of bonds over market value, .
Total unadmitted assets, ...-.,-
$16,013 76
21,018 33
27,567 27
1,520,589 16
5,556,483 10
$1,784,275 78
437,925 39
334,281 93
$2,556,483 10
19,358 75
2,876 91
!,578,718 76
$4,418
45,960
52,517
81,753
22
40
57
28
Total admitted assets,
Liabilities.
Unpaid losses, including $9,592 resisted, .
Less reinsurance, .....
Unearned premiums on outstanding risks,
Due for reinsurance, ....
Total, ......
Surplus to policy holders,
Deposit capital, .....
Surplus over capital and general liabilities,
$247,176
56,763
184,649 47
$2,394,069 29
00
00 $190,413 00
. 1,540,834 37
23,906 06
$638,915 86
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, . . .
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
$253,358,756
203,108,592
$1,755,153 43
200,000 00
438,915 86
$2,394,069 29
Premiums.
00 $2,824,225 14
00 2,610,293 28
$456,467,348
177,575,571
00 $5,434,518 42
00 2,149,626 24
$278,891,777
28,300,496
00 $3,284,892 18
00 380,542 14
$250,591,281 00 $2,904,350 04
Miscellaneous.
Fire losses incurred during the year,
$5,392,144 00
440
LONDON ASSURANCE CORPORATION.
Schedule A. Bonds owned by the Company.
Government Bonds.
United States 4s, 1907, ....
United States 2s, 1930, ....
Municipal Bonds.
New York, N. Y., 3*s, 1918,
New York, N. Y., 3*s, 1940,
New York, N. Y., 3*s, 1942,
New York, N. Y., 3*s, 1954,
Richmond, Va., 4s, 1924, ....
Railroad Bonds.
Atch., Topeka & Santa Fe genl. mtge. 4s, 1995,
Baltimore & Ohio 4s, 1948,
Carth., Watert. & Sacketts Harbor 5s, 1931
Central of New Jersey 5s, 1987, .
Chic, Mil. & St. P. (Ch. & Pac. W. Div.) 5s, 1921
Chic, Mil. & St. Paul Terminal 5s, 1914,
Chic, St. Louis & New Orleans 5s, 1951,
Erie 7s, 1920,
Erie (Pennsylvania col.) 4s, 1951,
Lehigh Valley 1st mort. 4Js, 1940,
Long Island 5s, 1931,
Louis. & Nash. (N., O. & M. Div.) 1st mt. 6s, 1930
Mil., L. Shore & West. (Mich. Div.) 6s, 1924,
Nor. Pac.-Gt. Nor. (C, B. & Q. col.) 4s, 1921,
Oregon Short Line 4s, 1929,
Pitts., Cm., Chic. & St. Louis 4*s, 1940,
Read. Co. & Phil. & Read. Co. & Iron Co. 4s, 1997
St. Paul, Minn. & Manitoba 6s, 1933,
Scioto Valley & New England 4s, 1989,
Miscellaneous Bonds.
Brooklyn Union Gas Co. 5s, 1945,
Central Union Gas Co., New York, N. Y., 5s, 1927,
New Amsterdam Gas Co., New York, N.Y., 5s, 1948,
N. Y. Gas & Elec Lt., Ht. & Pow. Co. 4s, 1949, .
U. S. Mort. & Tr. Co., New York, N. Y., 4s, 1921,
Book Value.
$206,375 00
118,868 40
50,290 00
147,568 75
26,935 30
210,037 50
50,000 00
42,500 00
64,832 50
57,000 00
25,000 00
26,531 25
26,281 25
9,350 00
40,000 00
47,575 00
30,900 00
117,853 75
25,781 25
29,231 25
53,760 00
95,000 00
25,625 00
13,900 00
30,143 75
21,300 00
31,975 00
50,841 25
25,367 08
48,452 50
35,000 00
$1,784,275 78
Rate.
101
1041
96*
92|
92f
91$
101*
100
lOOf
H5f
126
111*
106f
120*
126|
89f
108*
113*
124*
126-1
96*
93*
109*
99
132
99
106*
103*
100
82
99
Market Value.
$164,125 00
112.337 50
45,355 00
121.338 75
23,093 75
187,318 75
50,625 00
42,500 00
64,480 00
57,687 50
31,500 00
27,875 00
26,687 50
9,640 00
50,550 00
44,875 00
32,550 00
112,365 00
31,031 25
31,625 00
54,250 00
93,500 00
27,312 50
14,850 00
33,000 00
29,700 00
31,950 00
51,750 00
23,000 00
41,000 00
34,650 00
$1,702,522 50
UNITED STATES BRANCH OF THE LONDON ASSURANCE
CORPORATION, LONDON.
[MARINE BRANCH.]
Deposit Capital, $300,000.
PERCY CHUBB & SON, United States Managers.
Office, 5 South William Street, New York, N. Y.
Income.
Net marine premiums,
Interest on bonds, $17,241.78; deposits, $1,015.38,
Total income, . . .
Ledger assets, Dec. 31, 1905, ....
Total,
Disbursements.
Net amount paid for marine losses, .
Commissions or brokerage, ....
Taxes and fees, ......
$390,776 86
18,257 16
$409,034 02
622,810 91
1,031,844 93
$170,735 21
99,036 45
7,066 56
LONDON ASSURANCE CORPORATION.
441
Remitted to home office,
General expenses, .
Total disbursements,
Balance,
Bonds (schedule A),
Cash in banks,
Agents' balances, .
Total ledger assets,
Ledger Assets.
Non-Ledger Assets.
Interest accrued on bonds,
Market value of bonds over book value, .
Gross assets, .
Assets not admitted.
Cash not in control of trustees, . . . $26,016
Agents' balances over three months due, . 2,627
Total unadmitted assets, ....
Total admitted assets, ......
Liabilities.
Unpaid losses, $126,200
Less reinsurance, ...... 15,100
Unearned premiums on outstanding risks, . 104,652
Plus same on disallowed reinsurance, . . 6,180
Salaries and other miscellaneous expenses, due or accrued,
Commissions and other charges due agents and brokers,
Due for return premiums, $38,02; reinsurance, $18,157.50,
$140,820 08
11,190 41
$428,848 71
$602,996 22
$462,325 00
35,046 43
105,624 79
$602,996 22
5,783 34
550 00
$609,329 56
28,643 77
$580,685 79
00
00 $111,100 00
31
35 110,832 66
7,500 00
8,218 19
18,195 52
30
47
Total, ...
Surplus to policy holders,
Deposit capital, .....
Surplus over capital and general liabilities,
$324,839 42
Total liabilities,
Risks and Premiums.
Marine risks outstanding Dec. 31, 1905,
Marine risks written during 1906, .
Total, . . .
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
$13,093,581
236,977,793
$255,846 37
300,000 00
24,839 42
$580,685 79
Premiums,
00 $122,382 00
00 939,162 74
$250,071,374
235,308,512
00 $1,061,544 74
00 901,952 46
$14,762,862
2,878,042
00 $159,592 28
00 14,995 93
$11,884,820 00 $144,596 35
Miscellaneous.
Marine and inland losses incurred during the year,
. $181,635 00
442
LONDON AND LANCASHIRE FIRE INSURANCE CO.
Schedule A. Bonds owned
Municipal Bonds,
Boston, Mass., 3^s, 1920, .
Brooklyn, N. Y., 3s, 1912,
New York, N. Y., 3s, 1907,
New York, N. Y., 3s, 1911,
New York, N. Y., 3|s, 1954,
Railroad Bonds
Chesapeake & Ohio 5s, 1939,
Chicago & Erie 5s, 1982, .
Cleve., Cm., Chic. & St. Louis 4s, 1991,
by the Company.
Book Value.
Rate.
Market Value.
. $100,000 00
100,000 00
40,000 00
10,000 00
62,325 00
97^
96
99|
96
91|
$97,500 00
96,000 00
39,700 00
9,600 00
54,825 00
50,000 00
50,000 00
50,000 00
116
116|
98
58,000 00
58,250 00
49,000 00
$462,325 00
$462,875 00
UNITED STATES BRANCH OF THE LONDON AND LANCASHIRE
FIRE INSURANCE COMPANY, LIVERPOOL, ENGLAND.
Deposit Capital, $200,000.
ARCHIBALD G. McILWAINE, Jk., United States Manager.
Office, 57 William Street, New York, N. Y.
Income.
Net fire premiums, $2,292,363 32
Interest on stocks and bonds, $83,140.13; all other, $12,876.01, 96,016 14
Rents, including company's own occupancy, .... 16,010 62
Profit on sale of stocks and bonds, . . . . . . 12,690 09
Received from home office, ....... 4,787,173 91
Total income, ........
Ledger assets, Dec. 31, 1905, .......
Total,
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, $4,758.36; other taxes and fees, $65,938.93,
Remitted to home office, ......
Advertising, printing and stationery, ....
Furniture and fixtures, .......
Postage, telegrams and exchange, .....
Underwriters' boards, protective ass'ns, maps and surveys,
All other disbursements, ... ...
TotaJ disbursements, ......
Balance,
Real estate, ....
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Bills receivable,
Cash in hands of trustees,
Ledger -Assets.
. $7,204,254 08
. 3,216,885 15
$10,421,139 23
14,774,500 57
417,407 60
160,913 84
19,596 19
13,893 88
70,697 29
1,587,243 47
28,629 34
1,264 42
18,105 95
43,874 72
34,250 10
57,170,377 37
>3,250,761 86
$300,000 00
2,078,465 47
462,084 35
387,585 09
931 26
19,653 91
LONDON AND LANCASHIRE FIRE INSURANCE CO.
443
Cash in hands of special agents,
All other ledger assets, .....
Total ledger assets, .....
Non-Ledger Assets.
Interest due and accrued on bonds, .
Rents due on company's property, .
Market value of real estate over book value,
Market value of stocks and bonds over book value,
Due from other companies, ....
Gross assets, ......
Assets not admitted.
Cash not in control of trustees,
Agents' balances over three months due,
Special deposits less $41,377 . 66 liability thereon,
Due from unauthorized companies, .
Total unadmitted assets, . . . . -
Total admitted assets, ....
Liabilities.
Unpaid losses, including $25,500 resisted,
Less reinsurance, ......
Unearned premiums on outstanding risks,
Salaries and other miscellaneous expenses, due or accrued,
Due for return premiums, $25,103.16; reinsurance, $39,604.63,
$134 14
1,907 64
1,250,761 86
31,060 41
295 51
50,000 00
4,763 78
190,090 86
1,526,972 42
$462,218 49
35,047 18
83,372 34
11,930 73
592,568 74
$2,934,403 68
$296,388 83
74,872 92 $221,515 91
2,057,108 03
3,277 40
64,707 79
Total, . . . . .
Surplus to policy holders,
Deposit capital, .....
Surplus over capital and general liabilities,
$587,794 55
Total liabilities,
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
$2,346,609 13
200,000 00
387,794 55
$2,934,403 68
Risks and Premiums.
Premiums .
. $424,999,289 00 $4,192,610 18
. 312,291,159 00 3,356,186 19
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
$737,290,448 00 $7,548,796 37
296,301,319 00 3,060,110 50
$440,989,129 00 $4,488,685 87
51,726,642 00 539,406 18
Net amount in force, ....
Miscellaneous.
Fire losses incurred during the year,
$389,262,487 00 $3,949,279 69
. $4,680,239 00
Schedule A. Stocks and Bonds owned by the Company.
Miscellaneous Stocks.
83 shares Milwaukee Underw. Assoc,
10 " Underw. Sal. Co., Chicago, .
10 " Underw. Sal. Co., New York,
Book Value.
$83 00
1,000 00
1,000 00
Rate.
100
100
100
Market Value.
S83 00
1,000 00
1,000 00
444
MANNHEIM INSURANCE CO.
Government Bonds.
United States 4s, 1925, .
State and Municipal Bonds.
Cleveland, O., 4s, 1917, .
Cleveland, O., 4s, 1933, .
Georgia 4*s, 1915,
Georgia 4^s, 1922, .
Havana, Cuba, 1st lien 6s,
Massachusetts 3*s, 1935, .
New York, N. Y., 3s, 1910,
New York, N. Y., 3*s, 1937,
Portland, Ore., 4s, 1934, .
Richmond, Va., 4s, 1926, .
Railroad Bonds.
Atch., Top. & Santa Fe adjust. 4s, 1995,
Atlantic Coast Line con. mtge. 4s, 1952,
Baltimore & Ohio prior lien 3*s, 1925,
Baltimore & Ohio 4s, 1948,
Beech Creek 4s, 1936,
Chesapeake & Ohio 5s, 1939,
Chesapeake & Ohio 6s, 1911,
C, B. & Q. (Gt. No. & No. P. jt. col.) 4s, 1921,
Chicago & Erie 5s, 1982, ....
C, M. & St. P. (Ch. & Pac. W. Div.) 5s, 1921,
C, M. & St. P. (Wis. & Minn. Div.) 5s, 1921,
Chicago, Rock Island & Pacific 6s, 1917,
Chic, St. Paul, Minn. & Omaha 3*s, 1930, .
Cincinnati, Dayton & Ironton 5s, 1941,
Cin., Ind., St. Louis & Chicago 4s, 1936,
Del. & Hudson Canal Co. (Penn. Div.) 7s, 1917,
Flint & Pere Marquette 5s, 1939,
Illinois Central (western lines) 4s, 1951,
Lake Erie & Western 5s, 1937, .
Lehigh Valley, N. Y., 1st mtge. 4*s, 1940, .
Milwaukee, Lake Shore & Western 6s, 1921,
Milwaukee, Lake Shore & Western 5s, 1929,
Missouri Pacific 6s, 1920, ....
N. Y. C. & Hudson R. (L. S. col.) 3*s, 1998,
New York, Chicago & St. Louis 4s, 1937,
N. Y., Susquehanna & Western 5s, 1937,
Phila. & Reading Terminal 5s, 1941, .
Richmond & Danville 5s, 1927,
St. Louis, Iron Mt. & Southern 5s, 1931,
St. Paul, Minn. & Manitoba 4*s, 1933,
Seaboard & Roanoke 5s, 1926, .
Southern 5s, 1994, ....
Western North Carolina 6s, 1914,
Book Value.
$54,623 36
52,245 00
54,385 00
11,263 76
11,816 23
70,000 00
28,625 00
130,751 66
84,624 96
50,750 00
49,603 50
3,668 40
23,250 00
101,325 00
36,937 50
27,527 45
59,294 87
12,000 00
23,531 25
11,025 00
53,687 50
29,218 75
117,902 50
23,464 58
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
84,679 88
81,559 50
21,794 53
113,798 85
35,402 00
5,078,465 47
Rate.
129f
101i
102f
111
112
117
100i
97
93
100
101f
91f
96
92^
100f
102
116
105*
96£
116*
111*
HI*
117
91
108f
100
1271
108
102
113f
1071
122
116
119*
86i
101f
113i
120f
110*
113*
110
112
113f
109J
Market Value.
$59,627 50
50,625 00
51,375 00
11,100 00
11,200 00
81,900 00
25,218 75
126,100 00
74,400 00
50,000 00
50,687 50
3,670 00
24,000 00
96,862 50
37,781 25
27,540 00
66,700 00
10,550 00
24,218 75
11,650 00
51,290 00
27,875 00
105,300 00
22,750 00
21,750 00
100,000 00
31,875 00
27,000 00
102,000 00
56,812 50
26,875 00
3,660 00
58,000 00
119,500 00
5,175 00
50,875 00
3,397 50
12,062 50
22,100 00
85,125 00
82,500 00
22,400 00
113,750 00
33,867 50
$2,083,229 25
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, ........
Received from home office, ......
Total income, .
Ledger assets, Dec. 31, 1905,
$720,994 66
14,600 00
45,657 87
$781,252 53
561,605 07
Total,
,342,857 60
MANNHEIM INSURANCE CO.
445
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,
Advertising and stationery,
Furniture, ......
Postage, express and telegrams,
Board assessments, ....
Traveling expenses, ....
All other disbursements, .
Total disbursements,
Balance, .....
Bonds (schedule A),
Cash in bank,
Agents' balances, .
Bills receivable,
Total ledger assets,
Ledger Assets.
Non-Ledger Assets.
Interest accrued on bonds,
Gross assets, .........
Assets not admitted.
Cash not in control of trustees, . . . $10,452 80
Agents' balances over three months due, . . 174 49
Book value of bonds over market value, . . 38,681 25
Total unadmitted assets, . . .
Total admitted assets, .......
Liabilities.
Unpaid losses, including $14,013 . 12 resisted, .
Less reinsurance, ....
Unearned premiums on outstanding risks,
Total,
Surplus to policy holders, .... $313,949 21
Deposit capital, . . . ... . ...
Surplus over capital and general liabilities, ....
$370,866 48
191,250 84
43,319 22
3,882 53
18,430 06
106,117 68
5,792 59
1,347 01
990 04
1,221 71
1,666 89
7,043 74
$751,928 79
$590,928 81
$458,981 25
10,452 80
119,703 96
1,790 80
$590,928 81
3,500 00
$594,428 81
49,308 54
$545,120 27
$146,758 72
57,857 22 $88,901 50
142,269 56
$231,171 06
300,000 00
13,949 21
Total liabilities,
$545,120 27
446
THE MARINE INSURANCE CO. (LIMITED).
Risks and Premiums.
Marine risks outstanding Dec. 31, 1905,
Marine risks written during 1906, .
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
),672,521 00
291,444,561 00
$321,117,082 00
287,281,699 00
$33,835,383 00
15,387,407 00
Premiums.
$241,904 04
1,496,627 17
51,738,531 21
1,180,414 62
$558,116 59
304,774 94
Net amount in force, . . .
. $18,447,976
00
$253,341 65
Miscellaneous.
Marine losses incurred during the year, .
.
$393,629 00
Schedule A. Bonds owned
by the Company.
Municipal Bonds.
Book Value.
Rate.
Market Value.
New York, N. Y., 2£s, 1929, . .
$225,000 00
79^
$198,750 00
New York, N. Y., 3|s, 1920, ....
105,000 00
96
96,000 00
Railroad Bonds.
Chicago & Northwestern 3^s, 1987,
30,000 00
96^
28,950 00
Manhattan 4s, 1990, .....
20,700 00
100*
20,100 00
Union Pacific 4s, 1947,
78,281 25
102
76,500 00
$458,981 25
$420,300 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,
Interest on stocks and bonds, $22,882.33; deposits, $1,247.96,
Total income, .........
Ledger assets, Dec. 31, 1905, .......
Total,
Disbursements.
Net amount paid for marine losses, ......
Commissions or brokerage, .......
Taxes and fees, .........
Remitted to home office, .......
General expenses, .........
Total disbursements, .......
Balance, .........
$786,046 99
24,130 29
Stocks and bonds (schedule A),
Cash in banks,
Ledger Assets.
,177 28
839,630 53
$1,649,807 81
$259,977 10
144,500 97
10,143 15
257,275 50
16,808 04
$688,704 76
$961,103 05
$713,238 34
49,529 43
THE MARINE INSURANCE CO. (LIMITED). 447
Agents' balances, . .... . . . . . $191,527 38
Bills receivable, .... .... 6,807 90
Total ledger assets, $961,103 05
Non-Ledger Assets.
On bonds, $4,972.92; other assets, $112.80, .... 5,08572
Gross assets, $966,188 77
Assets not admitted.
Cash not in control of trustees, . . . $47,954 20
Agents' balances over three months due, . 28,870 70
Special deposit, 5,025 00
Book value of stocks and bonds over market value, 23,789 59
Total unadmitted assets, . . . 105,639 49
Total admitted assets, $860,549 28
Liabilities.
Unpaid losses, $127,450 00
Less reinsurance, . . ... . 18,100 00 $109,350 00
Unearned premiums on outstanding risks, . 78,911 27
Plus same on disallowed reinsurance, . . 4,664 18 83,575 45
Salaries and other miscellaneous expenses, due or accrued, . 12,000 00
Commissions and other charges due agents and brokers, . . . 13,546 09
Due for reinsurance, . . . . . . . . 85,155 36
Total, $303,626 90
Surplus to policy holders, .... $556,922 38
Deposit capital, . . . . . . . . .. 300,000 00
Surplus over capital and general liabilities, .... 256,922 38
Total liabilities, $860,549 28
Risks and Premiums.
Premiums.
Marine risks outstanding Dec. 31, 1905, . . $36,903,636 00 $75,495 42
Marine risks written during 1906, . . 1,894,869,187 00 1,253,686 70
Total, $1,931,772,823 00 $1,329,182 12
Deduct risks expired and terminated, . 1,910,850,970 00 1,191,393 54
In force at end of year, $20,921,853 00 $137,788 58
Deduct amount reinsured, .... 7,040,057 00 11,671 63
Net amount in force, .... $13,881,796 00 $126,116 95
Miscellaneous.
Marine and inland losses incurred during the year, . . . $274,527 00
Schedule A. Stocks and Bonds owned by the Company.
Miscellaneous Stock. Book Value. Rate. Market Value.
Atlantic Mutual Ins. Co. scrip 6s, 1907, . . $1,880 00 100 $1,880 00
Government Bonds.
United States 4s, 1925, 133,000 00 129f 129,625 00
448
MOSCOW FIRE INSURANCE CO.
Municipal Bonds.
Book Value.
Rate.
Market Value.
Cleveland, 0., 4s, 1925, .
. $100,000 00
102
$102,000 00
New York, N. Y., 3s, 1908,
90,000 00
98*
88,650 00
New York, N. Y., 3s, 1920,
210,000 00
90|
190,837 50
New York, N. Y., 3£s, 1921,
25,000 00
95f
23,937 50
New York, N. Y., 3*8, 1952, .
5,281 25
91f
4,581 25
Railroad Bonds.
Baltimore & Ohio 4s, 1948,
25,212 50
lOOf
25,187 50
Canadian Northern 4s, 1930,
5,000 00
1004
5,025 00
Denver & Rio Grande 5s, 1928,
25,000 00
107
26,750 00
Manhattan 4s, 1990,
15,690 42
1004
15,075 00
Pennsylvania convertible 3*s, 1912, .
14,375 42
98
14,700 00
Union Pacific 4s, 1947,
62,798 75
102
61,200 00
$713,238 34
$689,448 75
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, .......
Interest on bonds, $36,670 . 74 ; deposits, $5,882 . 79, .
Received from home office, . .
Total income,.
Ledger assets, Dec. 31, 1905, ....
Total,
Disbursements.
Net amount paid for fire losses,
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees,
Taxes and fees, ......
Total disbursements, ....
Balance, ......
$1,517,778 69
42,553 53
100,000 00
$1,660,332 22
1,341,479 92
$3,001,812 14
Ledger Assets.
Bonds (schedule A),
Cash in banks,
Total ledger assets,
,652 55
425,162 16
740 02
29,214 17
,315,768 90
.,686,043 24
,511,114 47
174,928 77
Non-Ledger Assets.
Interest accrued on bonds, ......
Gross assets, ........
Assets not admitted.
Cash not in control of trustees, . . . $174,928
Book value of bonds over market value, . . 93,625
Total unadmitted assets, . . .
$1,686,043 24
•
2,114 40
•
$1,688,157 64
47
72
9R8 W4. 1Q
Total admitted assets,
$1,419,603 45
MUNICH REINSURANCE CO.
440
Liabilities.
Unpaid losses, .....
Unearned premiums on outstanding risks,
Total, . . ....
Surplus to policy holders,
Deposit capital, .....
Surplus over capital and general liabilities,
$343,075 70
Total liabilities,
$143,458 00
933,069 75
$1,076,527 75
200,000 00
143,075 70
,419,603 45
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, .......
Deduct risks expired and terminated,
In force at end of year, .....
Miscellaneous.
Fire losses incurred during the year,
$92,892,204 00
168,197,187 00
Premiums.
51,049,758 10
1,855,094 83
$261,089,391 00 $2,904,852 93
108,727,989 00 1,178,050 39
$152,361,402 00 $1,726,802 54
Schedule A. Bonds owned by the Company.
Government Bonds.
United States 4s, 1907,
United States 4s, 1925,
Municipal Bonds.
New York, N. Y., 3is, 1928,
New York, N. Y., 3£s, 1929,
New York, N. Y., 3£s, 1941,
New York, N. Y., 3£s, 1949,
New York, N. Y., 4s, 1955,
New York, N. Y., 3$s, 1910,
New York, N. Y., 3£s, 1911,
New York, N. Y., 3$s, 1912,
New York, N. Y., 3£s, 1915,
Woonsocket, R. I., 3£s, 1931,
Book Value.
$230,250 00
501,345 00
59,356 20
167,493 40
536 60
32,625 00
361,018 06
35,642 20
34,593 90
34,593 90
1,035 21
52,625 00
L, 511, 114 47
Rate.
101
129f
94i
94i
92^
91f
102|
98^
98
97f
96f
94i
$941,763 00
Market Value.
$202,000 00
489,982 50
50,895 0O
143,070 00
462 50
27,525 00
357,437 50
33,490 00
32,340 00
32,257 50
966 25
47,062 50>
$1,417,488 75
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.
Net fire premiums,
Interest on stocks and bonds,
Profit on sale of bonds, .
Received from home office,
Income.
$3,519,565 39
$139,565.34; deposits, $20,312.75, 159,878 09
30,041 25
. . . . . 943,125 00
Total income, .
Ledger assets, Dec. 31, 1905, .
Total, .
$4,652,609 73
3,967,490 01
$8,620,099 74
450 MUNICH REINSURANCE CO.
Disbursements.
Net amount paid for fire losses, . . . . . $3,960,792 35
Commissions or brokerage, . • . . . . . 999,992 02
Salaries, fees, etc., of officers and employees, .... 19,259 00
Taxes and fees, ......... 7,411 75
Loss on sale of bonds, ........ 5,220 00
Remitted to home office, . . . . . . . 70,187 50
General expenses, ......... 18,187 82
Total disbursements, $5,081,050 44
Balance, . . . $3,539,049 30
Ledger Assets.
Stocks and bonds (schedule A), $3,312,955 01
Cash in banks, . . . ... . . . . 166,357 95
Agents' balances, 59,736 34
Total ledger assets, $3,539,049 30
Assets not admitted.
Cash not in control of trustees, . . . $166,357 95
Bonds not in control of trustees, . . . 136,257 50
Book value of stocks and bonds over market value, 32,556 26
Total unadmitted assets, .... 335,171 71
Total admitted assets, $3,203,877 59
Liabilities.
Unpaid losses, . . . $582,757 00
Unearned premiums on outstanding risks, .... 2,227,965 89
Total, $2,810,722 89
Surplus to policy holders, .... $393,154 70
Deposit capital, . . . . _ . . . . . 200,000 00
Surplus over capital and general liabilities, .... 193,154 70
Total liabilities, . $3,203,877 59
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1905, . . $317,316,401 00 $4,233,559 95
Fire risks written during 1906, . . . 354,484,042 00 4,358,165 30
Total, $671,800,443 00 $8,591,725 25
Deduct risks expired and terminated, . . 317,526,902 00 4,209,620 45
In force at end of year, $354,273,541 00 $4,382,104 80
Miscellaneous.
Fire losses incurred during the year, ..... $3,884,101 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value. Rate. Market Value.
250 shares Atch., Top. & Santa Fe, preferred, . $21,568 75 99 $24,750 00
300 " Denver & Rio Grande, preferred, . 21,000 00 83£ 25,050 00
200 " Norfolk & Western, preferred, . 15,700 00 90 18,000 00
1,000 " Pennsylvania, .... 59,750 00 138f 69,187 50
MUNICH REINSURANCE CO.
451
Miscellaneous Stocks.
200 shares Consol. Gas Co. of New York,
Government Bonds.
United States 4s, 1925, ....
State and Municipal Bonds.
Massachusetts 3s, 1931, ....
New York, N. Y., 3*s, 1917,
New York, N. Y., 3*s, 1928,
New York, N. Y., 4s", 1955,
Railroad Bonds.
American Dock & Imp. Co. 5s, 1921, .
Atch., Top. & Santa Fe gen. mtge. 4s, 1995,
Atch., Topeka & Santa F6 4s, 1955, .
Atlantic Coast Line 1st mtge. 4s, 1952,
Atlantic Coast Line (Louis. & Nash, col.) 4s, 1952
Atlantic & Danville 4s, 1948, .
Bait. & Ohio (South w. Div.) 3*s, 1925,
Baltimore & Ohio prior lien 3*s, 1925,
Birm. Ry., Lt. & Power Co. 4*s, 1954,
Broadway & Seventh Ave. 5s, 1943,
Brooklyn Union Elevated 5s, 1950,
Central of Georgia cons. 5s, 1945,
Central of New Jersey 5s, 1987,
Central Pacific 1st refunding 4s, 1949,
Ches. & Ohio (R. & A. Div.) 1st mtge. 4s, 1989,
Chesapeake & Ohio 4*s, 1992, .
Chicago & Alton 3s, 1949, .
Chicago & Eastern 111. 5s, 1937, .
Chicago & Eastern 111. 4s, 1955,.
Chicago, Rock Island & Pacific 4s, 2002,
Chicago, Rock Island & Pacific 4s, 1934,
Cincinnati, Hamilton & Dayton 4s, 1954,
Cin., Ind., St. Louis & Chic. 4s, 1936,
Cleve., Cin., Chic. & St. Louis 4s, 1993,
Detroit & Mackinac 1st lien 4s, 1995,
Erie general lien 4s, 1996,
Erie prior lien 4s, 1996, ....
Erie (Pa. col.) 4s, 1951, ....
Florida West Shore 5s, 1934,
Fort Worth & Rio Grande 4s, 1928, .
Hocking Valley 4*s, 1999,
111. Cent. (St. Louis Div.) 3*s, 1951, .
Kan. City, Ft. Scott & Memphis 4s, 1936, .
Kansas City Southern 3s, 1950,
Lake Erie & Western 5s, 1937, .
Louisv. & Nash. (St. Louis Div.) 3s, 1980, .
Louisville & Nashville 4s, 1923,
Manhattan 4s, 1990, ....
Minn., St. Paul & Sault Ste. Marie 4s, 1938,
Miss., Kan. & Tex. 1st mtge. 4s, 1990, •
Missouri Pacific 5s, 1920, ....
N. Y., N. H. & Hartford conv. deb. 3*s, 1956,
Norfolk & Western 4s, 1996,
Nor. Pac.-Gt. Nor. (C, B. & Q. col.) 4s, 1921,
Northern Pacific 3s, 2047, ....
Northern Pacific 4s, 1997, ....
Northern Pac. (St. P. & Duluth Div.) 4s, 1996,
Oregon R.R. & Navigation 4s, 1946, .
Pennsylvania conv. 3*s, 1912, .
Reading Co. 4s, 1997, ....
Rio Grande Western 4s, 1939, .
San Antonio & Aransas Pass 4s, 1943,
Seab. Air Line (Atlanta-Birm. Div.) 4s, 1933,
Seaboard Air Line 5s, 1907,
Southern Pacific 4s, 1955,
Southern Pac. (Central Pacific col.) 4s, 1949,
Southern (St. Louis Div.) 4s, 1951,
St. Louis Iron Mt. & Southern 5s, 1931,
St. Louis & San Francisco 4s, 1951,
St. Louis Southw. 1st mtge. 4s, 1989,
Union Pacific 4s, 1947, ....
United. San Francisco 4s, 1927, .
Book Vah
ie.
Rate.
Market Value.
$34,500
00
138
$27,600 00
261,750
00
129f
259,250 00
98,250
00
92|
92,750 00
51,862
50
96|
48,375 00
51,862
50
94|
47,125 00
5,431
25
102*
5,106 25
5,687
50
109*
5,475 00
46,718
75
100
50,000 00
55,875
00
104*
56,430 00
70,125
00
96
72,000 00
!, 23,875
00
89
22,250 00
29,250
00
95
28,500 00
66,079
38
90*
67,875 00
4,800
00
92i
4,612 50
10,000
00
91
10,010 00
5,743
75
109*
5,475 00
50,500
00
104*
52,250 00
54,468
75
109
54,500 00
6,687
50
126
6,300 00
75,631
25
98!
74,156 25
5,193
75
100
5,000 00
77,750
00
103|
77,718 75
42,500
00
78i
39,250 00
28,500
00
116
29,000 00
47,875
00
93
46,500 00
40,068
75
76
38,000 00
48,287
50
90
45,000 00
32,900
00
85
29,750 00
10,000
00
100
10,000 00
24,406
25
101
25,250 00
98,000
00
96*
96,500 00
43,687
50
87*
43,750 00
25,031
25
97
24,250 00
47,687
50
89-|
44,875 00
25,500
00
100
25,000 00
21,600
00
87
21,750 00
26,230
00
104*
26,125 00
23,250
00
91
22,750 00
61,050
00
82
57,400 00
102,851
25
71*
107,250 00
4,560
00
113f
4,545 00
10,080
00
72
10,080 00
24,718
75
96
24,000 00
25,940
00
100*
25,125 00
29,625
00
99*
29,850 00
24,932
50
97*
24,375 00
25,625
00
104*
26,125 00
35,006
25
112
33,600 00
19,375
00
98*
19,700 00
48,097
50
96!
48,437 50
36,500
00
74
37,000 00
25,187
50
102
25,500 00
50,000
00
97
48,500 00
49,875
00
98*
49,250 00
96,000
00
98
98,000 00
49,146
25
99
49,500 00
19,800
00
94
18,800 00
39,937
50
86*
43,250 00
42,500
00
90
45,000 00
25,093
75
100
25,000 00
24,250
00
944
23,687 50
24,085
00
89"
22,250 00
24,500
00
94*
23,625 00
27,500
00
113*
28,375 00
135,000
00
82
123,000 00
49,005
00
95*
47,750 00
74,016
25
102
76,500 00
60,043
75
Slf
61,312 50
452
NORTH BRITISH AND MERCANTILE INSURANCE CO.
Wabash 1st mortgage 5s, 1939,
Wabash (Omaha Div.) 3*s, 1941,
Western Maryland 4s, 1952,
Western New York & Pennsylvania 4s, 1943,
Wheeling & Lake Erie 4s, 1949,
Wisconsin Central 4s, 1949,
Miscellaneous Bonds.
Consol. Gas Co., New York, 6s, 1909, .
Consol. Indiana Coal Co. 5s, 1935,
Lackawanna Steel Co. 5s, 1923,
Book Value.
Rate.
Market Value.
$29,007
50
112*
$28,125
00
42,875
00
82
41,000
00
67,875
00
82
61,500
00
18,350
00
93*
18,700
00
23,203
13
87
21,750
00
21,973
75
88*
22,125
00
5,000
00
137
6,850
00
24,625
00
99
24,750
00
20,160
00
101*
21,315
$3,280,398
00
$3,312,955
01
75
$4,786.54^
$4,327,608 42
4,713 98
242,294 17
50,193 38
2,257,494 98
41 08
$6,882,346 01
6,511,522 52
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Bills receivable,
Cash in hands of trustees,
Ledger Assets.
UNITED STATES BRANCH OF THE NORTH BRITISH AND MERCAN-
TILE INSURANCE COMPANY, LONDON AND EDINBURGH.
Deposit Capital, $200,000.
E. G. RICHARDS, United States Manager.
Office, 76 William Street, New York, N. Y.
Income.
Net fire premiums, ....
Deposit premiums on perpetual risks,
Interest on stocks and bonds, $237,507.63; all other
Profit on sale of stocks and bonds, .
Received from home office,
Profit and loss, .....
Total income, .....
Ledger assets, Dec. 31, 1905, .
Total, .
Disbursements.
Net amount paid for fire losses,
Deposit premiums returned, .
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents, .
Taxes and fees, .....
Advertising and stationery,
Legal expenses, .....
Furniture and maps, ....
Postage, express, telegrams and exchange,
Agents' balances charged off, .
Underwriters' boards, ....
All other disbursements,
Total disbursements,
Balance, .....
$13,393,868 53
54,988,478 17
610 50
862,733 95
294,519 33
18,319 46
115,130 22
35,122 30
1,937 60
16,887 19
31,075 12
532 95
58,625 49
28,200 30
56,452,172 58
56,941,695 95
15,858,023 44
358,585 90
677,934 46
182 50
33,042 19
NORTH BRITISH AND MERCANTILE INSURANCE CO.
453
Due from other companies, .
Deposit with Philadelphia Underwriters' Association,
Total ledger assets, ......
Non-Ledger Assets.
Interest due and accrued on bonds, . . . .
Gross assets, . . ....
Assets not admitted.
Cash not in control of trustees,
Agents' balances over three months due,
Special deposits less $86,889.03 liability thereon,
Book value of stocks and bonds over market value,
Due from unauthorized companies,
Total unadmitted assets, . . . -
Total admitted assets,
Liabilities.
Unpaid losses, including $31,335.10 resisted,
Less reinsurance, .....
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
Total,
Surplus to policy holders,
Deposit capital, .....
Surplus over capital and general liabilities,
$13,827 46
100 00
$6,941,695 95
47,253 74
$6,988,949 69
$358,585 90
14,860 16
66,998 22
240,733 57
5,308 77
686,486 62
1,302,463 07
$560,915 14
64,065 25 $496,849 89
. 3,539,357 62
26,309 86
5,239,945 70
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
$691,136,938 00
586,435,394 00
£4,062,517 37
200,000 00
2,039,945 70
56,302,463 07
Premiums.
56,769,353 48
5,649,120 49
,277,572,332 00 $12,418,473 97
545,013,266 00 5,173,365 82
$732,559,066 00 $7,245,108 15
75,659,137 00 459,014 14
$656,899,929 00 $6,786,094 01
Perpetual risks in force (not included above), . $1,036,345 00 $27,694 59
Miscellaneous.
Fire losses incurred during the year,
Schedule A. Stocks and Bonds
Railroad Stocks.
1,000 shares Baltimore & Ohio, preferred,
1,000
2,000
2,000
1,000
1,200
1,000
Chic, Mil. & St. Paul, preferred,
Cleve. & Pitts, betterment cert
Reading Co. 1st preferred,
Southern (Mobile & Ohio),
Southern, preferred,
Union Pacific, preferred, .
OWNED BY THE
Book Value.
$90,424 25
192,053 94
107,454 07
94,360 30
91,412 95
105,224 90
87,334 32
. $5,144,032 00
Company.
Rate. Market Value.
92i $92,250 00
162f 162,750 00
107 107,000 00
90 90,000 00
93 93,000 00
94 112,800 00
94 94,000 00
454
NORTHERN ASSURANCE CO.
Miscellaneous Stock.
181 shares Mil. Underw. Bldg. Assoc, No. 1,
10 " Underw. Sal. Co., New York,
10 " Underw. Sal. Co., Chicago,
Government Bonds.
United States 4s, 1925,
United States reg. 3s, 1918,
State and Municipal Bonds.
Boston, Mass., 4s, 1915,
Boston, Mass., 4s, 1917, .
Brooklyn, N. Y., 3£s, 1925,
Georgia 3£s, 1920, .
New Mexico, 5s, 1925, op. 1905,
New York, N. Y., 4|s, 1908,
New York, N. Y., 3£s, 1926,
New York, N. Y., 3^s, 1940,
New York, N. Y., 3£s, 1927,
New York, N. Y., 3£s, 1937,
New York, N. Y., 3^s, 1954,
New York, N. Y., 3£s, 1929,
New York, N. Y., 3 is, 1949,
New York, N. Y., 3|s, 1952,
New York County 3.30s, 1920, .
Portland, Ore., 5s, 1923, .
St. Louis, Mo., 4s, 1911, .
St. Louis, Mo., 3.65s, 1915,
Virginia 3s, 1991,
West Virginia deferred certificates,
Railroad Bonds.
Atch., Topeka & Santa Fe genl. mtge. 4s, 1995,
Baltimore & Ohio prior lien 3^s, 1925,
Baltimore & Ohio 4s, 1948,
Boston & Maine 4s, 1942,
Ches. & Ohio (R. & A. Div.) 1st mtge. 4s, 1989,
Chesapeake & Ohio 4£s, 1992, .
Cleveland & Pittsburgh 4£s, 1942,
Erie (Penn. Coal Co. col.) 4s, 1951, .
Erie prior lien 4s, 1996, ....
Hocking Valley 4|s, 1999,
Illinois Central (western lines) 4s, 1951,
Illinois Central 4s, 1953, ....
Louisville & Nashville Southern joint 4s, 1952,
Louisville & Nashville 4s, 1940,
Manhattan 4s, 1990, ....
N. Y. Cent. & Hudson River 3£s, 1997,
Norfolk & Western 4s, 1996,
Northern Pacific 4s, 1997, ....
Nor. Pac.-Gt. Nor. (O, B. & Q.) 4s, 1921, .
Oregon Short Line 4s, 1929,
Pennsylvania Co. 4£s, 1921,
St. Paul & No. Pacific 6s, 1923,
Southern Pacific 4s, 1910,
Southern (St. Louis Div.) 4s, 1951,
Union Pacific 4s, 1947, . .
West Shore 4s, 2361, .
Book Value.
$181 00
1,000 00
1,000 00
271,911 60
5,325 78
38,233 66
85,902 22
30,828 12
10,756 96
10,413 18
205,709 15
63,723 04
453,496 47
223,471 92
107,850 07
19,999 31
150,975 39
43,896 25
172,440 25
102,518 55
24,446 36
21,566 50
36,303 75
21,792 90
8,204 79
Rate.
160
100
100
129|
101f
ion
lOlf
94£
105f
100
100
94f
92f
94^
93
91f
91f
91f
93
113
101
100
96
21*
102,243
73
100
167,000
00
92i
98,799
01
100f
103,144
16
103f
47,020
00
100
101,879
06
103|
105,417
39
113^
99,172
31
89f
97,869
06
97
52,587
38
104i,
71,889
80
102
75,000
00
102
43,370
66
92
49,469
62
100
101,595
42
100^
580,984
72
93i
24,279
29
98*.
105,170
39
102
94,360
31
96£
11,472
35
93i
220,120
40
105+.
59,375
00
122
50,000
00
97
96,006
59
941
118,040
77
102
301,544
07
103i
5,858,023 44
Market Value.
$289 60
1,000 00
1,000 00
272,212 50
5,087 50
35,525 00
81,400 00
28,462 50
10,537 50
10,000 00
200,000 00
56,775 00
375,131 26
189,000 00
93,000 00
18,275 00
128,951 25
36,700 00
145,683 75
93,000 00
22,600 00
20,152 18
35,000 00
39,456 00
4,013 33
100,000 00
184,500 00
100,750 00
103,750 00
50,000 00
103,625 00
113,500 00
98,725 00
97,000 00
52,250 00
72,420 00
76,500 00
46,000 00
50,000 00
100,500 00
524,997 50
24,625 00
102,000 00
96,875 00
11,220 00
211,000 00
61,000 00
48,500 00
94,500 00
127,500 00
310,500 00
$5,617,289 87
UNITED STATES BRANCH OF THE NORTHERN ASSURANCE
COMPANY, LONDON, ENGLAND.
Deposit Capital, $200,000.
GEO. W. BABB, United States Manager.
Office, SS Pine Street, New York, N. Y.
Income.
Net fire premiums, $2,900,010 37
Interest on stocks and bonds, $147,314.89; deposits, $7,528.23, 154,843 12
NORTHERN ASSURANCE CO.
455
Rents, including company's own occupancy,
Received from home office,
Total income, .....
Ledger assets, Dec. 31, 1905, .
Total,
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, $2,562.19; other taxes and
Remitted to home office,
Advertising, printing and stationery,.
Maps, inspections and traveling,
Postage, express and telegrams,
Patrols, ......
All other disbursements,
Total disbursements,
Balance,
Ledger Assets
fees,
$79,989.79
$7,000 00
. 3,539,798 46
. $6,601,651 95
. 3,864,384 21
$10,466,036 16
$3,455,079 54
478,175 93
168,341 57
16,910 04
231 00
82,551 98
1,689,015 23
28,637 54
95,238 89
21,663 13
46,235 97
17,190 10
$6,099,270 92
$4,366,765 24
Real estate, ....
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Bills receivable,
Total ledger assets,
Non-Ledger Assets.
Interest due and accrued on bonds, .
Market value of real estate over book value,
Due from other companies, ....
Gross assets, ......
Assets not admitted.
Cash not in control of trustees,
Agents' balances over three months due, .
Bills receivable, past due, ....
Special deposits less $101,880 . 06 liability thereon,
Book value of stocks and bonds over market value,
Due from unauthorized company, .
Total unadmitted assets, . . . -
Total admitted assets, ....
Liabilities.
Unpaid losses, including $52,779 . 14 resisted, .
Less reinsurance, . . . . ...
Unearned premiums on outstanding risks,
$115,000 00
3,322,091 56
374,027 99
520,659 86
34,985 83
^4,366,765 24
7,096 70
60,000 00
13,701 70
^,447,563 64
1374,027 99
27,515 11
34,985 83
43,029 94
140,560 31
9,909 03
630,028 21
;,817,535 43
$525,751 93
34,499 34 $491,252 59
. 2,530,223 06
456
NORTHERN ASSURANCE CO.
Salaries and other miscellaneous expenses, due or accrued,
Due for return premiums, $13,658.44; reinsurance, $12,735.84,
Total, ......
Surplus to policy holders,
Deposit capital, .....
Surplus over capital and "general liabilities,
$761,462 61
Total liabilities,
$8,202 89
26,394 28
1,056,072 82
200,000 00
561,462 61
1,817,535 43
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, .
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
Miscellaneous.
Fire losses incurred during the year,
Risks and Premiums.
Premiums.
$410,484,249 00 $4,430,925 56
372,660,285 00 4,285,191 21
$783,144,534 00
323,994,756 00
$459,149,778 00
31,323,653 00
£8,716,116 77
3,626,357 41
£5,089,759 36
294,796 74
$427,826,125 00 $4,794,962 62
$3,736,848 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
500 shares Chic, Mil. & St. Paul, preferred,
500 ." Cleveland & Pittsburg,
500 " Morris & Essex,
250 " New York & Harlem,
250 " Pittsburg, Ft. Wayne & Chicago,
Government Bonds.
Japanese 4*s, 1925, .....
United States 4s, 1925, ....
Municipal Bonds.
Chicago, 111., 4s, 1921,
Minneapolis, Minn., 4s, 1917,
New York, N. Y., 3*s, 1954,
New York, N. Y., 3*s, 1951,
New York, N. Y., 3*s, 1941,
New York, N. Y., 3*s, 1942,
Omaha, Neb., 5s, 1909,
Salem, Ore., 6s, 1911,
Salem, Ore., 5s, 1910,
Salem, Ore., 5s, 1912,
St. Louis, Mo., 4s, 1911,
St. Paul, Minn., 4*s, 1919,
Railroad Bonds.
Atlantic & Northwest 5s, 1937, .
Baltimore & Ohio prior lien 3*s, 1925,
Battle Creek & Sturgis 3s, 1989,
Chic, St. Lo. & New Orl. (Memphis Div.) 4s, 1951
Chicago, St. Lo. & New Orleans 5s, 1951,
CI., Cin., Ch. & St. Lo. (Cm., W. & M.) 4s, 1991,
Gouverneur & Oswegatchie 5s, 1942, .
Illinois Central 3*s, 1951,
Long Island guar, refunding 4s, 1949,
Louisville & Nashville 4s, 1940, .
Louisville & Nashville 5s, 1931,
Lynn & Boston 5s, 1924, ....
Manhattan 4s, 1990, ....
Minn., St. Paul & Sault Ste. Marie 4s, 1938,
N. Y. Cent. & Hud. R. (L. Shore col.) 3*s, 1998,
Book Value.
$96,562 50
48,375 26
49,281 26
51,515 63
48,531 25
64,050 00
494,950 00
52,000 00
105,500 00
139,500 00
133,750 00
54,599 07
62,016 59
107,000 00
14,210 00
20,250 00
6,000 00
42,350 00
56,000 00
Rate.
162f
177
182
380
173
90
129f
101*
101$
91|
91f
92*
92f
101
105*
101|
102|
101
106*
59,000 00
118
48,000 00
92|
41,000 00
76
49,000 00
102
15,000 00
120*
50,500 00
98
41,040 00
116f
123,000 00
98
55,485 00
99
50,750 00
100
57,500 00
108*
29,375 00
109|
48,000 00
100*
56,430 00
99.^
47,000 00
86*
Market Value.
$81,375 00
44,250 00
45,500 00
47,500 00
43,250 00
63,000 00
492,575 00
50,562 50
101,625 00
137,062 50
114,531 25
47,175 00
53,577 50
101,000 00
14,770 00
20,275 00
6,165 00
40,400 00
53,312 50
59,000 00
46,125 00
38,000 00
51,000 00
14,460 00
49,000 00
41,985 00
120,540 00
49,500 00
50,000 00
54,250 00
27,343 75
50,250 00
56,715 00
43,125 00
NORWICH UNION FIRE
Norfolk & Western equip, trust 4s, 1915,
Northern Pacific 4s, 1997, .
Nor. Pac.-Gt. Nor. (O, B. & Q. col.) 4s, 1921,
Oregon Short Line 4s, 1929,
Pennsylvania equip. 4s, 1914,
Pitts., Cin., Chic. & St. Louis 4s, 1953,
St. Paul, Minn. & Manitoba 6s, 1933,
Term. Assoc. St. Louis 4s, 1953,
West Shore 4s, 2361,
West Virginia & Pittsburg 4s, 1990, .
Miscellaneous Bonds.
Clearfield Bitum. Coal Corp. 4s, 1940, .
SURANCE SOCIETY.
457
Book Value.
Rate.
Market Value.
$96,500 00
93*
$93,500 00
53,000 00
102
51,000 00
48,000 00
96|
48,437 50
100,000 00
93£
93,500 00
102,000 00
98
98,000 00
26,870 00
100*
25,125 00
94,125 00
132
92,400 00
151,500 00
95
142,500 00
53,625 00
103*
51,750 00
132,450 00
97*
131,118 75
46,500 00
90
45,000 00
$3,322,091 56
$3,181,531 25
UNITED STATES BRANCH OF THE NORWICH UNION FIRE
INSURANCE SOCIETY, NORWICH, ENGLAND.
Deposit Capital, $200,000.
J. MONTGOMERY HARE, United States Manager.
Office, 56 Pine Street, New York, N. Y.
Income.
Net fire premiums,
Interest on mortgage loans, $1,800; stocks and bonds, $78,809
deposits, $5,164.84,
Profit on sale of stocks, . ......
Received from home office, ......
Total income, ........
Ledger assets, Dec. 31, 1905, ......
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,
Advertising and stationery,
Maps and furniture,
Postage, express and telegrams,
Traveling expenses of special agents and officials,
Tariff associations, .....
All other disbursements, ....
Total disbursements, ....
Balance, ......
Ledger Assets.
Mortgages, ........
Loans secured by collateral (New York, N. Y., 3s, 1950),
Stocks and bonds (schedule A), .. .
Cash in banks and office, .....
$2,099,983 38
85,773 84
12,483 09
1,201,573 00
$3,399,813 31
2,649,809 88
$6,049,623 19
$2,052,121 76
418,911 30
159,519 52
18,180 82
53,219 78
106,951 48
21,993 06
19,554 59
17,740 20
30,417 36
17,917 91
10,688 21
$2,927,215 99
$3,122,407 20
$40,000 00
20,000 00
2,005,501 58
800,119 15
458
NORWICH UNION FIRE INSURANCE SOCIETY.
Agents' balances, ......
Cash in hands of special agents,
Total ledger assets, .....
Non-Ledger Assets.
Interest accrued : —
On mortgages, $150; bonds, $14,541.66, .
Market value of stocks and bonds over book value,
Due from other companies, ....
Gross assets, ......
Assets not admitted.
Cash not in control of trustees,
Agents' balances over three months due, .
Special deposits less $76,787.81 liability thereon,
Total unadmitted assets,
$255,638 56
1,147 91
$3,122,407 20
14,691 66
48,192 80
6,367 50
!,191,659 16
511,655 37
7,440 43
35,099 69
Total admitted assets,
Liabilities.
Unpaid losses, including $58,968 resisted, . $669,597 66
Less reinsurance, ...... 102,902 24
Unearned premiums on outstanding risks, ....
Salaries and other miscellaneous expenses, due or accrued,
Commissions and other charges due agents and brokers,
Total,
Surplus to policy holders,
Deposit capital, .....
Surplus over capital and general liabilities,
$785,278 21
Total liabilities,
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
54,195 49
1,137,463 67
$566,695 42
1,753,012 68
24,662 63
7,814 73
52,352,185 46
200,000 00
585,278 21
53,137,463 67
Risks and Premiums.
Premiums.
. $330,528,291 00 $3,601,827 09
. 244,778,309 00 2,780,944 11
' Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
. $575,306,600 00 $6,382,771 20
. 236,251,370 00 2,681,487 67
$339,055,230 00 $3,701,283 53
34,995,241 00 308,298 70
Net amount in force,
Miscellaneous
Fire losses incurred during the year,
Schedule A. Stocks and Bonds
Railroad Stocks.
147 shares Allegheny & Western,
200 " Chicago & Northwestern, preferred,
210 " Chic., Mil. & St. Paul, preferred,
5 " Chic, Mil. & St. Paul, common,
200 " Georgia R.R. & Banking Co., .
500 " Illinois Central leased lines,
400 " Pitts., Ft. Wayne & Chicago, .
. $304,059,989 00 $3,392,984 83
sous.
..$2,498,775 00
5 OWNED BY THE
Company.
Book Value.
Rate. Market Value.
$21,756 00
145 $21,315 00
30,225 00
230 46,000 00
26,912 50
162f 34,177 50
500 00
148 J 744 38
41,575 00
261 52,200 00
49,550 00
103 51,500 00
67,434 39
173 69,200 00
THE PALATINE INSURANCE CO. LIMITED.
459
270 shares Rensselaer & Saratoga,
300 " Southern (Mobile & Ohio),
300 " Twin City Rap. Tran. Co., preferred,
100 " United N. J. R.R. & Canal Co., .
Miscellaneous Stocks.
3 shares General Adjustment Bureau,
5 " Underw. Sal. Co., Chicago,
Government Bonds.
United States 2s, 1930,
State, County and Municipal Bonds.
Butler County, O., 44s, 1913-19,
New Mexico, 4s, 1929,
New York, N. Y., 3s, 1907,
New York, N. Y., 34s, 1922,
Portland, Ore., 5s, 1917, .
Richmond, Va., 5s, 1922, .
Railroad Bonds.
Atch., Top. & Santa Fe gen. mtge. 4s, 1995,
Baltimore & Ohio 4s, 1948,
Cent, of Georgia (Mobile Div.) 5s, 1946,
Chesapeake & Ohio 5s, 1939,
Chicago, Burlington & Quincy 4s, 1927,
Chicago, Burlington & Quincy 4s, 1921,
Chicago, Rock Island & Pacific 4s, 1988,
Erie (Penn. col.) 4s, 1951,
Long Island 4s, 1938,
New York, Chicago & St. Louis 4s, 1937,
Norfolk & Western 4s, 1996,
Norfolk & Western-Pocahontas 4s, 1941,
Pennsylvania convertible 34s, 1912, .
Pennsylvania Co. 44s, 1921,
Savannah, Florida & Western 6s, 1934,
West Shore 4s, 2361, . ■ .
Book Value.
$50,606 25
25,500 00
41,792 50
24,025 00
150 00
500 00
331,500 00
53,685 74
5,350 00
106,034 16
107,585 28
57,437 50
54,544 21
50,012 50
51,031 25
54,475 00
51,693 75
97,583 14
53,081 25
103,500 00
22,625 00
19,325 00
93,383 13
50,687 50
22,500 00
47,437 50
107,206 78
25,125 00
59,171 25
5,005,501 58
Rate.
200
93
150
255
100
100
Market Value.
$54,000 00
27,900 00
45,000 00
25,500 00
150 00
500 00
1044 339,625 00
105f
100
99i
954
109
llli
100
lOOf
113
116
101
961
99f
89f
964
lOlf
984
91*
98
1054
131
103*
52,812 50
5,000 00
99,250 00
95,500 00
54,500 00
55,625 00
50,000 00
50,375 00
56,500 00
52,200 00
101,000 00
58,125 00
99,750 00
22,437 50
19,300 00
101,750 00
49,250 00
22,812 50
49,000 00
105,500 00
26,200 00
58,995 00
},053,694 38
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, .......
Interest on stocks and bonds, $95,467.33; all other, $3,847.68,
Profit on sale or maturity of stocks and bonds,
Received from home office, ......
Total income, . . . . .
Ledger assets, Dec. 31, 1905, ......
Total,
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,
Reduction in book value of securities,
Printing and stationery,
>1,504,130 90
99,315 01
4,923 93
1,770,074 76
^3,378,444 60
2,339,681 48
$5,718,126 08
$1,872,692
30
326,505
83
79,397
10
7,015
99
44,041
08
2,181
83
1,695
37
13.868
19
460 THE PALATINE INSURANCE CO. LIMITED.
National and local boards, . . . . . . $21,190 74
Postage, express, telegrams and exchange, .... 11,510 04
Traveling expenses and surveys, ...... 15,647 37
All other disbursements, ....... 7,322 33
Total disbursements, $2,403,068 17
Balance, 13,315,057 91
Ledger Assets.
Stocks and bonds (schedule A), $2,811,622 69
Cash in banks, 163,857 50
Agents' balances, 330,321 70
Due from other companies, ....... 9,256 02
Total ledger assets, $3,315,057 91
Non-Ledger Assets.
Interest accrued on bonds, ....... 26,394 00
Gross assets, $3,341,451 91
Assets not admitted.
Cash not in control of trustees, . . . $51,654 51
Agents' balances over three months due, . . . 18,292 18
Special deposits less $50,065.41 liability thereon, . 75,334 59
Book value of stocks and bonds over market value, . 51,202 69
Total unadmitted assets, . . . 196,483 97
Total admitted assets, $3,144,967 94
Liabilities.
Unpaid losses, including $24,558 resisted, . $1,114,078 00
Less reinsurance, 239,916 00 $874,162 00
Unearned premiums on outstanding risks, .... 1,207,132 38
Salaries and other miscellaneous expenses, due or accrued, . 4,320 24
Commissions and other charges due agents and brokers, . . 40,373 25
Due for return premiums, $8,547.69; reinsurance, $24,361.40, . 32,909 09
Total, $2,158,896 96
Surplus to policy holders, .... $986,070 98
Deposit capital, 200,000 00
Surplus over capital and general liabilities, .... 786,070 98
Total liabilities, $3,144,967 94
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, .....
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Premiums.
$196,550,877 00 $2,419,961 78
170,213,291 00 '2,171,976 68
$366,764,168 00 $4,591,938 46
158,947,333 00 1,997,767 02
$207,816,835 00 $2,594,171 44
23,690,647 00 312,246 40
Net amount in force, .... $184,126,188 00 $2,281,925 04
PHCENIX ASSURANCE CO. LIMITED.
461
Miscellaneous.
Fire losses incurred during the year,
. $2,641,288 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
500 shares Baltimore & Ohio, preferred,
300 " Chic, Mil. & St. Paul, preferred,
Sub. to 150 sh. O, M. & St. P., preferred (10% pd.),
Sub. to 75 sh. C, M. & S. P., common (10% pd.),
300 rights Chic., Mil. & St. Paul,
500 shares Manhattan, ....
150 " Pitts., Ft. Wayne & Chicago, .
800 " Pitts., McKees. & Yough.,
Miscellaneous Stocks.
10 shares Underw. Sal. Assoc, New York,.
Government Bonds.
United States 2s, 1930, ....
Municipal Bonds.
New York, N. Y., 4fs, 1908,
New York, N. Y., 3^s, 1919,
New York, N. Y., 3*s, 1915,
New York, N. Y., 3s, 1908,
New York, N. Y., 3s, 1907,
Railroad Bonds.
Atlantic Coast Line (L. & N. col.) 4s, 1952,
Baltimore & Ohio (S. W. Div.) 3*s, 1925, .
Bait. & Ohio (Pitts., L. Erie & W. Va.) 4s, 1941
Chicago & Eastern Illinois 4s, 1955, .
Chicago & Northwestern 4s, 1926,
Chicago & Western Indiana 4s, 1952,
Erie 7s, 1920,
Evansville & Terre Haute 6s, 1921,
Illinois Central western lines 4s, 1951,
Lake Erie & Western 5s, 1937, .
Long Island ref. mtge. 4s, 1949,
Minneapolis & St. Louis 7s, 1927,
Minneapolis Street 5s, 1919,
New York & Long Branch 5s, 1941, .
N. Y., L. Erie & Western Coal & R.R. 6s, 1922,
Northern Pacific 4s, 1997, .
Pennsylvania Co. 4*s, 1921,
Pitts., Cin., Chic. & St. Louis 4*s, 1940-42,.
St. Louis Bridge Co. 7s, 1929, .
St. Louis, Iron Mt. & Southern 5s, 1931,
St. Lo., Iron Mt. & So. (R. & G. Div.) 4s, 1933,
St. L. Ter., Cup. Sta. & Prop. Co. 4*s, 1917,
St. Paul, Minn. & Manitoba 6s, 1933,
Southern 5s, 1994, ....
Southern (St. Louis Div.) 4s, 1951, .
Southern Pacific 4s, 1955,
Term. Assoc, of St. Louis 4*s, 1939, .
Toledo, Walhond. Valley &"Ohio 4s, 1942,
West Shore 4s, 2361,
West Virginia & Pittsburg 4s, 1990, .
Book Value.
$45,020 88
46,375 00
1,500 00
750 00
65,062 50
23.850 00
57,300 00
1,000 00
438,386 00
102,450 00
120,900 17
28,175 00
111,000 00
42,000 00
48,093 50
122,816 67
99,183 23
95,750 00
26,913 75
49,375 00
83,104 50
123,000 00
57.649 00
16,974 75
102,569 25
91,423 50
26,859 00
21,046 00
27,800 00
24.650 26
56,742 50
83,092 50
91,811 75
54,145 27
23,750 00
71,166 25
33.851 58
60,754 16
24,875 00
49,031 34
28,613 00
51,566 38
56,500 00
24,745 00
5,811,622 69
Rate.
92£
162f
100
100
33*
142|
173
133
100
104*
100
96*
96f
98*
99*
89
904
94|
93
100*
97
126f
114*
102
113f
99
138
106
120
111*
102
105*
109
140
113*
92
101
132
113f
94*
94|
109
99
103*
97*
Market Value.
$46,125 00
48,825 00
1,500 00
750 00
10,050 00
71,375 00
25,950 00
53,200 00
1,000 00
438,900 00
100,000 00
113,575 00
27,055 00
109,335 00
41,685 00
44,500 00
123,080 00
94,875 00
93,000 00
25,125 00
48,500 00
69,506 25
114,500 00
51,000 00
15,907 50
99,000 00
95,220 00
26,500 00
20,400 00
27,875 00
25,500 00
52,750 00
81,750 00
98,000 00
56,750 00
23,000 00
70,700 00
33,000 00
56,875 00
23,625 00
47,375 00
27,250 00
49,500 00
51,750 00
24,281 25
$2,760,420 00
UNITED STATES BRANCH OF THE PHCENIX ASSURANCE COMPANY
LIMITED, LONDON, ENGLAND.
Deposit Capital, $200,000.
A. D. IRVING, United States Manager.
Office, 47 Cedar Street, New York, N. Y.
Income.
Net fire premiums, . . . . . . . . $2,513,750 08
Interest on bonds, $103,950.88; deposits, $3,467.57, . . 107,418 45
462
PHXENIX ASSURANCE CO. LIMITED.
Profit on sale of bonds, .
Received from home office, .
Increase in book value of bonds,
Fire insurance on San Francisco office,
Total income, ......
Ledger assets, Dec. 31, 1905, . . . .
Total,
Disbursements
Net amount paid for fire losses,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents, .......
Reduction in book value of stocks and bonds,
Taxes and fees, .....
Loss on sale of stocks and bonds,
Remitted to home office,
Underwriters' Salvage Co. stock charged off,
Advertising, printing and stationery,
Exchange, . . . . . .
Maps and inspections, ....
Postage, express and telegrams,
Agents' balances charged off, .
Accrued interest on bonds purchased,
Traveling expenses, ....
Underwriters' boards, ....
All other disbursements*,
Total disbursements,
Ledger Assets.
Balance,
Bonds (schedule A),
Cash in banks and office,
Cash in hands of trustees,
Agents' balances, .
Total ledger assets, .....
Non-Ledger Assets.
Interest due and accrued on bonds,
Market value of bonds over book value, .
Due from other companies, ....
Gross assets, ......
Assets not admitted
Cash not in control of trustees,
Agents' balances over three months due, .
Special deposits less $55,431 .42 liability thereon,
Due from unauthorized company, .
Total unadmitted assets,
Total admitted assets, ....
$3,823 75
2,392,532 50
3,475* 00
5,000 00
$5,025,999 78
3,543,677 92
$8,569,677 70
$3,677,108 39
506,719 86
188,675 38
26,036 88
213,560 10
81,739 37
17,566 08
544,737 28
1,000 00
21,371 01
3,864 54
10,979 24
23,555 62
2,672 28
297 59
23,903 58
36,611 57
12,302 40
$5,392,701 17
$3,176,976 53
$2,590,131 25
276,659 62
14,613 89
295,571 77
•
. $3,176,976 53
•
28,403 68
26,836 25
24,756 07
•
. $3,256,972 53
$276,659 62
231 94
28,168
58
1,960
00
907 o°n 1 A
1,949,952 39
PIKENIX ASSURANCE CO. LIMITED.
463
Liabilities.
Unpaid losses, including $28,047 resisted, . $394,801 00
Less reinsurance, ...... 115,672 00
"Unearned premiums on outstanding risks, ....
Salaries and other miscellaneous expenses, due or accrued,
Due for reinsurance, ........
Total,
Surplus to policy holders,
Deposit capital, .....
Surplus over capital and general liabilities,
Total liabilities, ....
$742,960 41
$279,129 00
1,922,227 01
36 52
5,599 45
$2,206,991 98
200,000 00
542,960 41
$2,949,952 39
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1905, . . $400,611,455 00 $4,488,715 06
Fire risks-written during 1906, . . . 327,454,812 00 3,864,696 77
Total,
Deduct risks expired and terminated,
In force at end of year, .....
Deduct amount reinsured, ....
Net amount in force, ....
Miscellaneous.
Fire losses incurred during the year,
$728,066,267 00 $8,353,411 83
313,268,968 00 3,692,688 32
$414,797,299 00 $4,660,723 51
85,280,270 00 918,653 45
$329,517,029 00 $3,742,070 06
$3,806,155 00
Schedule A. Bonds owned by the Company
Government Bonds
United States registered 3s, 1918,
United States 2s, 1930, .
State and Municipal Bonds
Massachusetts 3*s, 1935, .
New York, N. Y., 3^s, 1915,
New York, N. Y., 3s, 1925,
Rochester, N. Y., 3*s, 1933,
Railroad Bonds
Atlantic Coast Line (L. & N. col.) 4s, 1952,
Baltimore & Ohio prior lien 3^s, 1925,
Chicago & Alton 3s, 1949,
Chicago & Northwestern 3*s, 1987,
Chicago & Northwestern 5s, 1929,
Chicago, Rock Island & Pacific 4s, 1988,
Erie & Pittsburg 3*s, 1940,
Illinois Central (St. Louis Div.) 3*s, 1951,
Illinois Central (St. Louis Div.) 3s, 1951,
Lake Shore & Michigan Southern 3*s, 1997,
Lake Shore & Michigan Southern 4s, 1928,
Manhattan 4s, 1990,
N. Y. Central & Hudson River 3*s, 1997,
Norfolk & Western-Pocahontas 4s, 1941,
Northern Pacific 4s, 1997, .
Pennsylvania Co. 44s, 1921,
Phila., Bait, & Wash. 4s, 1943, .
St. Paul, Minn. & Manitoba 4*s, 1933,
Terminal Ass'n of St. Louis 4s, 1953, .
Union Pacific 4s, 1947,
West Shore 4s, 2361,
Book Value.
$102,250 00
187,200 00
500,000 00
346,500 00
87,000 00
137,250 00
50,302 50
32,375 00
97,500 00
73,500 00
41,047 50
49,875 00
92,250 00
14,400 00
91,800 00
47,000 00
48,750 00
50,000 00
46,125 00
45,500 00
51,000 00
26,281 25
52,500 00
53,625 00
46,500 00
50,750 00
123,600 00
Rate.
101f
104*
1001
96f
88|
95
89
92^
78*
96*
106
99f
96
91
80f
94*
98
100+
93|
102
105*
106
110
95
102
103*
Market Value.
$101,750 00
188,100 00
504,375 00
347,850 00
88,375 00
142,500 00
50,730 00
32,287 50
98,125 00
72,375 00
41,340 00
49,875 00
96,000 00
14,560 00
96,900 00
47,250 00
49,000 00
50,250 00
46,625 00
45,625 00
51,000 00
26,375 00
53,000 00
55,000 00
47,500 00
51,000 00
124,200 00
464 PRUSSIAN NATIONAL INSURANCE CO.
Miscellaneous Bonds. Book Value. Rate. Market Value.
American Tel. & Tel. Co. 4s, 1929, . . . $45,250 00 90 $45,000 00
$2,590,131 25 $2,616,967 50
UNITED STATES BRANCH OF THE PRUSSIAN NATIONAL
INSURANCE COMPANY, STETTIN, GERMANY.
' Deposit Capital, $200,000.
THEODORE W. LETTON, United States Manager.
Office, Monadnock Block, Chicago, III.
Income.
Net fire premiums, $888,356.42; marine, $1,276.25, . ? . $889,632 67
Interest on bonds, ......... 43,838 10
Received from home office, 802,200 00
Profit and loss, . 83 07
Total income, $1,735,753 84
Ledger assets, Dec. 31, 1905, 1,281,884 66
Total, $3,017,638 50
Disbursements.
Net amount paid for fire losses, $1,122,711.45; marine, $2,260.25, $1,124,971 70
Commissions or brokerage, ....... 190,073 25
Salaries, fees, etc., of officers and employees, .... 53,384 32
Rents, 4,000 00
Taxes and fees, 26,884 64
Loss on maturity of bonds, . . . . . . 56 00
Remitted to home office, . . . . . . . 2,117 34
Advertising, stationery and supplies, ..... 5,670 26
Maps, , . . . 1,841 34
Postage, express and telegrams, ....... 9,011 39
Traveling expenses, ........ 17,115 85
Underwriters' boards, ........ 14,851 18
All other disbursements, . . . . . . . 3,935 83
Total disbursements, $1,453,913 10
Balance, $1,563,725 40
Ledger Assets.
Bonds (schedule A), $1,094,212 67
Cash in banks and office, ....... 280,230 80
Agents' balances, ......... 173,399 15
Due from other companies, ........ 15,882 78
Total ledger assets, , . . $1,563,725 40
Non-Ledger Assets.
Interest due and accrued on bonds, ...... 5,847 89
Gross assets, $1,569,573 29-
PRUSSIAN NATIONAL INSURANCE CO.
465
Assets not admitted.
Cash not in control of trustees, . . . $3,476 50
Agents' balances over three months due, . 2,032 81
Book value of bonds over market value, . . 51,565 17
Total unadmitted assets, . . .
Total admitted assets, .......
Liabilities.
Unpaid losses, including $10,460 resisted, . $109,255 31
Less reinsurance, ...... 23,154 22
Unearned premiums on outstanding risks, . 821,086 87
Plus same on disallowed reinsurance, . . 837 17
Salaries and other miscellaneous expenses, due or accrued,
Total,
Surplus to policy holders,
Deposit capital, .....
Surplus over capital and general liabilities,
$597,977 34
Total liabilities,
$57,074 48
,512,498 81
,101 09
821,924 04
6,496 34
$914,521 47
200,000 00
397,977 34
1,512,498 81
Risks and Premiums.
$215,529,663 00 $2,834,051 83
80,649,668 00 1,115,197 20
$134,879,995 00
18,364,076 00
$116,515,919 00 $1,528,176 83
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
Marine risks outstanding Dec. 31, 1905,
Marine risks written during 1906, .
Total,
Deduct risks expired and terminated,
Miscellaneous
Fire losses incurred during the 3rear,
Marine losses incurred during the year,
Schedule A. Bonds owned by the Company.
Premiums.
.18,953,045 00 $1,557,792 29*
96,576,618 00 1,276,259 54
,718,854 63
190,677 80
$1,130 00
274,274 00
$275,404 00
275,404 00
$6 65
1,276 25
$1,282 90'
1,282 90
,142,470 00
2,260 00
State, County and Municipal Bonds.
Allegheny County, Pa., 4s, 1935,
Essex County, N. J., 4s, 1924, .
Hudson County, N. J., 4s, 1924,
Jersey City, N. J., 4s, 1932,
Los Angeles, Cal., 4s, 1944-45,
Massachusetts 3s, 1941,
New York, N. Y., 3£s, 1922,
New York, N. Y., 3£s, 1927,
New York, N. Y., 3^s, 1928,
New York, N. Y., 3£s, 1929,
New York, N. Y., 3|s, 1940,
Book Value.
$42,140 00
31,725 00
31,125 00
40,200 00
42,493 55
152,312 50
26,987 93
4,893 75
32,508 50
22,107 05
27,105 00
Rate.
102f
1021
101i
100
102*
91
95*
94*
94i
94^
92*
Market Value.
$41,050 00
30,750 00
30,375 00
40,000 00
41,000 00
136,500 00
23,875 00
4,725 00
28,275 00
18,825 00
23,156 25
466
ROSSI A INSURANCE CO.
New York, N. Y., 3£s, 1954,
Portland, Ore., 5s, 1922, ....
St. Louis, Mo., 3£s, 1922, ....
Spokane, Wash., 4s, 1925,
Railroad Bonds.
Ch., Mil. & St. P. (C. & P. West. Div.) 5s, 1921,
Cleveland Term. & Valley 4s, 1995, .
Illinois Central 4s, 1951, ....
Illinois Central (Omaha Div.) 3s, 1951,
Iowa Central 5s, 1938, ....
Lake Erie & Western 5s, 1937, .
Louisville & Nashville 6s, 1930,
Louisville & Nashville (E., H. & N.) 6s, 1919,
Manhattan 6s, 1908, ....
N. Y. Cent. (Beech Creek Div.) 4s, 1936, .
N. Y. Cent. & Hudson River 3£s, 1997,
N. Y., Chicago & St. Louis 4s, 1937, .
Oregon Ry. & Navigation Co. 4s, 1946,
Pennsylvania Co. 4^s, 1921,
Pere Marquette 4-Js, 1932,
Rochester & Pittsburg 6s, 1921,
;St. Paul, Minn. & Man. (Dak. Ext.) 6s, 1910,
Sioux City & Pacific 3£s, 1936, .
Toledo & Ohio Cent. (W. Div.) 5s, 1935, .
Vandalia 4s, 1955,
Book Value.
$101,000 00
38,845 00
30,206 25
41,200 00
31,605 00
15,000 00
8,288 00
25,050 00
34,226 25
16,387 50
18,048 00
4,584 48
14,113 55
28,341 00
20,950 00
28,110 00
30,675 00
33,740 00
29,700 00
16,845 00
5,625 00
19,550 00
17,624 36
30,900 00
$1,094,212 67
Rate.
91f
112|
95^
100
Market Value.
$91,375 00
38,207 50
28,650 00
40,000 00
111*
33,450 00
98
14,700 00
108i
8,660 00
79f
23,925 00
112
33,600 00
H3f
17,043 75
114*
18,320 00
111
4,440 00
102
12,240 00
102
30,600 00
93i
18,650 00
lOlf
30,525 00
98*
29,550 00
105|
31,650 00
99
29,700 00
122f
17,185 00
105i
5,275 00
92i
18,450 00
112
17,920 00
100
30,000 00
$1,042,647 50
UNITED STATES BRANCH OF THE ROSSIA INSURANCE COMPANY,
ST. PETERSBURG, RUSSIA.
Deposit Capital, $200,000.
CARL F. STURHAHN, United States Manager.
Office, 92 William Street, New York, N. Y.
Income.
Net fire premiums,
Interest on bonds, $65,780; deposits, $14,927.03,
Received from home office, ....
Total income, .....
Ledger assets, Dec. 31, 1905, ....
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,
$3,069,452 64
80,707 03
1,008,024 99
$4,158,184 66
1,968,191 22
$6,126,375 88
$2,810,340 07
838,439 67
26,991 32
3,025 00
3,931 25
126,687 50
18,392 10
$3,827,806 91
$2,298,568 97
^2,146,979 17
98,411 62
IIOSSIA INSURANCE CO.
4(»7
Agents' balances, ......
Total ledger assets, ....
Non-Ledger Assets.
Interest accrued : —
On bonds, $22,969.16; other assets, $314.23, .
Gross assets, ......
$53,178 18
$2,298,568 97
23,283 39
$2,321,852 36
Assets not admitted.
Cash not in control of trustees, . . . $98,411 62
Book value of bonds over market value, . . 86,237 92
Total unadmitted assets, . . . 184,649 54
Total admitted assets, . .....
Liabilities.
Unpaid losses,
Unearned premiums on outstanding risks, ....
Total,
Deposit capital, $200,000 00
Excess of liabilities, including deposit capital, over admitted
assets,* ..........
$2,137,202 82
$460,822 00
1,692,183 02
2,153,005 02
$215,802 20
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1905, . . $160,341,309 00 $1,818,044 44
Fire risks written during 1906, . . . 294,649,056 00 3,814,270 94
Total, .
Deduct risks expired and terminated,
In force at end of year, .
Miscellaneous.
Fire losses incurred during the year,
$454,990,365 00 $5,632,315 38
229,739,531 00 2,519,502 00
$225,250,834 00 $3,112,813 38
1,042,458 00
Schedule A. Bonds owned by the Company.
Government Bonds.
United States 4s, 1925, ....
Municipal Bonds.
New York, N. Y., 3£s, 1953,
Railroad Bonds.
Atchison, Topeka & Santa Fe gen. mtg. 4s, 1995,
Atlantic Coast Line 1st mtg. 4s, 1952,
Baltimore & Ohio 4s, 1948,
Baltimore & Ohio prior lien 3^-s, 1925,
Baltimore & Ohio (Southw'n Div.) 3-^s, 1925,
Central Pacific 1st ref. 4s, 1949,
Chesapeake & Ohio 5s, 1939,
Chesapeake & Ohio 4^s, 1992, .
Chic, Burlington & Quincy (111. Div.) 3£s, 1949,
Chicago, Rock Island & Pacific 4s, 1988,
Cine, Ind., St. Louis & Chicago 4s, 1936,
Cleve., Cine, Chicago & St. Louis 4s, 1993, .
Denver & Rio Grande 4s, 1936,
Book Value.
Rate.
Market Value.
$400,527
50
129f
$388,875 00
301,890
00
91*
274,500 00
51,605
00
100
50,000 00
83,262
50
96
81,600 00
51,577
50
lOOf
50,375 00
42,750
00
92^
41,512 50
10,120
00
90^
9,955 00
101,343
75
98i
98,875 00
89,868
75
116
87,000 00
80,620
00
103f
77,718 75
17,848
75
91f
17,432 50
53,531
25
99|
49,875 00
12,427
50
100
12,000 00
51,931
25
101
50,500 00
4,968
75
97f
4,887 50
* While, under the law of New York, where the company has its principal office, its capital is
intact, under the operation of the Massachusetts law its impairment is as stated above. The sum
of $250,000 has now been deposited with the United States Trustees of the Company, thus making
good its impairment.
468
ROYAL INSURANCE CO.
Erie prior lien 4s, 1996,
Lehigh Valley 1st mtg. 4^-s, 1940,
Louisville & Nashville 4s, 1940,
Norfolk & Western 4s, 1996,
Northern Pacific 4s, 1997,
Oregon R. R. & Navigation 4s, 1946,
Oregon Short Line 4s, 1929,
Read. Co., Phil & Read. Coal & Iron Co. 4s, 1997,
St. Louis, Iron Mountain & Southern 4s, 1933,
St. Louis & San Francisco 4s, 1951, .
Southern 5s, 1994, ....
Union Pacific 4s, 1947, ....
Wabash 1st mtg. 5s, 1939,
Western New York & Pennsylvania 5s, 1937,
Book Value.
Rate.
Market Value.
$51,062 50
97
$48,500 00
44,390 00
108*
43,400 00
52,968 75
100
50,000 00
95,630 00
98i
94,560 00
78,043 75
102
76,500 00
90,287 50
98^
88,650 00
62,331 25
93^
60,775 00
51,453 75
99
49,500 00
24,093 75
92
23,000 00
66,531 25
82
61,500 00
60,060 00
113f
56,875 00
26,375 00
102
25,500 00
29,451 25
112*
29,250 00
60,027 92
115i
57,625 00
$2,146,979 17
$2,060,741 25
UNITED STATES BRANCH OF THE ROYAL INSURANCE
COMPANY, LIVERPOOL, ENGLAND.
Deposit Capital, $200,000.
FIELD & COWLES, Managers of the New England Branch.
Office, 85 Water Street, Boston.
Income.
Net fire premiums, ......
Deposit premiums on perpetual risks,
Interest on mortgage loans, $12,093.49; stocks and bonds,
427.52; deposits, $46,653.82, ....
Rents, including company's own occupancy,
Received from home office, .....
Total income, .......
Ledger assets, Dec. 31, 1905, .....
$139,-
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, $23,273 . 99; other taxes and fees, $177,504.03
Remitted to home office,
Advertising, printing and stationery,
Exchange, .....
Furniture and fixtures, .
Maps and surveys,
Postage, express, telegrams and telephone
Legal expenses, ....
Traveling expenses,
Underwriters' boards,
All other disbursements,
Total disbursements,
Balance, ....
$10,159,006 84
552 99
198,174 83
165,414 43
. 4,180,544 08
$14,703,693 17
. 8,404,791 24
$23,108,484 41
^7,072,364 43
10,858 24
2,140,980 64
396,537 86
51,488 35
89,674 98
200.778 02
74,347 26
65,164 37
2,374 82
8,421 75
12,893 75
43,709 86
4,658 75
29,930 33
65,610 54
77,079 00
,346,872 95
$12,761,611 46
ROYAL INSURANCE CO.
469
Ledger Assets.
Real estate, $3,269,127.90; mortgages, $778,600,
Stocks and bonds (schedule A),
Cash in banks and office, ....
Agents' balances, ......
Total ledger assets, ...
Non-Ledger Assets.
Interest accrued : —
On mortgages, $14,788.86; bonds, $52,964.98,.
Rents accrued on company's property,
Market value of stocks and bonds over book value,
Due from other companies, ....
Gross assets,
. $4,047,727 90
. 5,055,785 43
. 2,796,540 45
861,557 68
$12,761,611 46
67,753 84
3,783 97
73,988 02
77,634 82
$12,984,772 11
Assets not admitted.
$152,869 80
204,090 00
39,439 65
9,311 87
35,577 93
Cash not in control of trustees,
Investments not in control of trustees,
Agents' balances over three months due,
Special deposits less $117,275.63 liability thereon,
Due from unauthorized companies,
Total unadmitted assets,
Total admitted assets, ....
Liabilities.
Unpaid losses, including $70,237.71 resisted,
Less reinsurance, .....
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
Reserve for life policies,
Salaries and other miscellaneous expenses, due or accrued,
Commissions and other charges due agents and brokers,
Due for return premiums, $39,134.76; reinsurance, $93,116.89,
$1,905,698 74
441,289 25
$12,543,482 86
,479 72
199,040 86
Total,
Surplus to policy holders,
Deposit capital, .....
Surplus over capital and general liabilities,
$749,438 86
9,428,117 81
119,948 77
93,995 00
93,450 67
20,581 36
132,251 65
,637,784 12
200,000 00
1,705,698 74
Total liabilities,
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
$12,543,482 86
Risks and Premiums.
Premiums.
$1,012,083,215 00 $10,777,502 90
1,355,483,618 00 12,855,861 88
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
$2,367,566,833 00 $23,633,364 78
. 688,621,201 00 7,652,960 03
,678,945,632 00 $15,980,404 75
142,366,786 00 1,801,529 31
Net amount in force, . . .
Perpetual risks in force (not included above),
$1,536,578,846 00 $14,178,875 44
$6,156,812 00 $136,412 68
470
ROYAL INSURANCE CO.
Miscellaneous.
Fire losses incurred during the year,
',444,801 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
196 shares Albany & Susquehanna,
100 " Chic, Mil. & St. Paul, preferred,
521 " Cleveland & Pittsburg,
88 " Illinois Central (leased lines),
225 " New York & Harlem,
260 " Pitts., Ft. Wayne & Chicago,
Miscellaneous Stocks.
3 shares Gen. Adj. Bureau, New York, N
117 " Mil. Underw. Bldg. Ass'n No. 1,
10 " Underw. Sal. Co., Chicago,
10 " Underw. Sal. Co., New York,
Government Bonds.
United States 4s, 1925,
State and Municipal Bonds.
Bloom, 111., 3fs, 1907,
Brooklyn, N. Y., 3*s, 1937,
Georgia 3*s, 1917, .
New Mexico 6s, 1923,
New York 3*s, 1922,
New York, N. Y., 3*s, 1927,
New York, N. Y., 3*s, 1940,
New York, N. Y., 3*s, 1952,
Portland, Ore., 5s, 1917, .
Richmond, Va., 4s, 1926, .
St. Louis, Mo., 3is, 1922, .
Railroad Bonds
Atch., Top. & Santa Fe gen. mtge. 4s, 1995,
Atlantic Coast Line con. mtge. 4s, 1952,
Baltimore & Ohio 4s, 1948,
Baltimore & Ohio prior lien 3*s, 1925,
Brooklyn & Montauk 5s, 1911, .
Chesapeake & Ohio 5s, 1939,
Chicago & Alton 3s, 1949, .
Chicago & Alton 3*s, 1950,
Chic, Burl. & Quincy (Iowa Div.) 4s, 1919,
Chic, Burl. & Quincy (111. Div.) 3*s, 1949,
Chicago & Northwestern 4s, 1926,
Chicago & Northwestern 3*s, 1987,
Chicago, Rock Island & Pacific 6s, 1917,
Chicago, Rock Island & Pacific 4s, 1988,
Chic, St. Louis & New Orleans 3*s, 1951,
Chic, St. Paul, Minn. & Omaha 3*s, 1930,
Cin., Ind., St. Louis & Chic. 4s, 1936,
CI., Cin., Ch. & St. L. (C, W. & M. Div.) 4s, 1991
Flint & Pere Mar. (Pt. Huron Div.) 5s, 1939,
Hocking Valley 4*s, 1999,
Illinois Central 4s, 1951, .
Illinois Central 4s, 1952, .
Illinois Central 4s, 1953, .
Illinois Central (Western lines) 4s, 1951,
Indiana, Illinois & Iowa 4s, 1950,
Lake Erie & Western 5s, 1937, .
Lake Shore & Michigan Southern 4s, 1928,
Lake Shore & Michigan Southern 3*s, 1997,
Long Island ref. 4s, 1949,
Mich. Cent. (Detroit & Bay City) 5s, 1931,
Michigan Central 3*s, 1952,
Missouri Pacific 6s, 1920, .
Mobile & Ohio 1st mtge. 6s, 1927,
Mobile & Ohio (Montgom. Div.) 5s, 1947,
N. Y. Central & Hudson River 4s, 1934,
• N. Y. Central & Hudson River 3*s, 1997,
New York & Harlem 3*s, 2000,
Norfolk & Western 6s, 1934,
Norfolk & Western 4s, 1996,
Book Value.
$48,067 00
13,865 00
49,910 28
9,416 00
46,025 76
49,734 39
150 00
117 00
1,000 00
1,000 00
335,000 00
4,000 00
200,000 00
15,000 00
10,000 00
302,000 00
200,000 00
150,000 00
100,000 00
50,000 00
50,000 00
25,000 00
Rate.
245
162|
177
103
380
173
100
160
100
100
100
93
104^
109f
95*
94*
92f
91f
109
lOlf
95*
21,000
00
100
100,000
00
96
25,000
00
lOOf
23,000
00
92*
30,000
00
101
110,000
00
116
65,000
00
78*
15,000
00
75*
33,000
00
100
25,000
00
91f
40,000
00
100*
25,000
00
96*
20,000
00
117
50,000
00
99f
50,000
00
90
50,000
00
91
155,000
00
100
25,000
00
98
5,000
00
108
50,000
00
104i
100,000
00
108*
23,000
00
102
10,000
00
102
17,000
00
102
25,000
00
98*
30,000
00
H3f
150,000
00
98
150,000
00
94*
50,000
00
99
62,000
00
117f
25,000
00
93*
50,000
00
119*
25,000
00
123
50,000
00
110
150,000
00
97|
260,000
00
93*
350,000
00
96£
20,000
00
128
50,000
00
98*
Market Value.
$48,020 00
16,275 00
46,108 50
9,064 00
42,750 00
44,980 00
150 00
187 20
1,000 00
1,000 00
129f 434,243 75
4,000 00
186,000 00
15,637 50
10,975 00
288,410 00
189,000 00
138,937 50
91,625 00
54,500 00
50,687 50
23,875 00
21,000 00
96,000 00
25,187 50
21,217 50
30,300 00
127,600 00
51,025 00
11,325 00
33,000 00
22,937 50
40,200 00
24,125 00
23,400 00
49,875 00
45,000 00
45,500 00
155,000 00
24,500 00
5,400 00
52,250 00
108,250 00
23,460 00
10,200 00
17,340 00
24,625 00
34,087 50
147,000 00
141,750 00
49,500 00
73,005 00
23,312 50
59,750 00
30,750 00
55,000 00
146,437 50
242,450 00
338,625 00
25,600 00
49,250 00
THE ROYAL EXCHANGE ASSURANCE.
471
Northern Ohio 5s, 1045, ....
Nor. Pac. (St. Paul & Duluth Div.) 4s, 1996,
Northern Pacific 4s, 1997, ....
Nor. Pac.-Gt. Nor. (C, B. & Q. col.) 4s, 1921,
Oregon R.R. & Navigation Co. 4s, 1946,
Pacific of Missouri 4s, 1938,
Pennsylvania 6s, 1910,
Pennsylvania convertible 3*s, 1915,
Pennsylvania 4s, 1923,
Pennsylvania Co. 4*s, 1921,
Peoria & Eastern 4s, 1940,
Peoria & Northwestern 3*s, 1926,
Pere Marquette 4*s, 1932,
Pitts., Cin., Chic. & St. Louis 4*s, 1940,
Pitts., Cin., Chic. & St. Louis 4*s, 1942,
Pitts., Ft. Wayne & Chicago 1st mtge. 7s, 1912,
Princeton & North Western 3*s, 1926,
Rome, Watert. & Ogdensb. 5s, 1922, .
St. Louis, Iron Mt. & Southern 5s, 1931,
St. P., Minn. & Man. (Mont. Ex.) 4s, 1937,
Sioux City & Pacific 3*s, 1936, .
Southern 5s, 1994, .
Southern Pac. (Cent. Pac. col.) 4s, 1949,
Toledo, Walhond. Valley & Ohio 4s, 1942, .
Union Pacific 4s, 1947, ....
Miscellaneous Bonds.
Equit. Gas Lt. Co., New York, N. Y., 5s, 1932,
Freeport Water Co., Freeport, 111., 5s, 1912,
Book Value.
Rate.
Market Value.
$50,000
00
114
$57,000 00
82,000
00
97
79,540 00
50,000
00
102
51,000 00
2,000
00
961
1,937 50
12,000
00
98*
11,820 00
24,000
00
101
24,240 00
5,000
00
106*
5,325 00
500
00
93
465 00
25,000
00
103
25,750 00
10,000
00
105*
10,550 00
25,000
00
94
23,500 00
10,000
00
94
9,400 00
40,000
00
99
39,600 00
11,000
00
109i
12,017 50
19,000
00
109*
20,805 00
14,000
00
115
16,100 00
15,000
00
94
14,100 00
25,000
00
114
28,500 00
150,000
00
113*
170,250 00
50,000
00
100
50,000 00
25,000
00
92i
23,062 50
100,000
00
113f
113,750 00
10,000
00
89
8,900 00
50,000
00
99
49,500 00
50,000
00
102
51,000 00
25,000
00
108
27,000 00
2,000
00
100
2,000 00
$5,055,785
43
$5,129,773 45
UNITED STATES BRANCH OF THE ROYAL EXCHANGE ASSURANCE,
LONDON, ENGLAND.
Deposit Capital, $200,000.
UBERTO C. CROSBY, United States Manager.
Office, 92 William Street, New York, N. Y.
Income.
Net fire premiums,
Interest on stocks and bonds,
Received from home office, .
Total income, .....
Ledger assets, Dec. 31, 1905, .
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,
Advertising, stationery and supplies,
Inspections, ......
Postage and agency expenses,
Traveling expenses, .■ . ...
General office expenses, . . .
Total disbursements,
Balance, .....
$1,240,472 15
73,179 33
3,187,512 91
$4,501,164 39
2,279,939 17
$6,781,103 56
$3,785,057 46
386,504 55
104,249 44
6,005 00
34,790 21
146,448 69
14,312 62
22,055 88
32,862 00
19,462 23
27,138 44
$4,578,886 52
$2,202,217 04
472
THE KOYAL EXCHANGE ASSURANCE.
Ledger Assets.
Stocks and bonds (schedule A),
Cash in banks and office, . . . .
Agents' balances, .......
Furniture, fixtures and maps, .
Deposit with Philadelphia Underwriters' Association,
$1,856,905 30
139,656 84
195,321 07
10,233 83
100 00
Total ledger assets,
Interest accrued on bonds,
Due from other company,
Gross assets, .
Non-Ledger Assets.
Assets not admitted.
Cash not in control of trustees,
Furniture, fixtures and maps,
Agents' balances over three months due, .
Interest accrued on stocks, ....
Special deposits less $18,518.09 liability thereon,
Book value of bonds over market value, .
Due from other company, ....
Deposit with Philadelphia Underwriters' Ass'n,
Total unadmitted assets,
Total admitted assets, ....
Liabilities.
Unpaid losses, including $23,200 resisted,
Less reinsurance, ......
Unearned premiums on outstanding risks,
Salaries and other miscellaneous expenses, due or accrued,
Due for reinsurance, .....
Total,
Surplus to policy holders, ....
Deposit capital, ......
Surplus over capital and general liabilities,
•
$2,202,217 04
21,344 04
.
32,659 72
.
$2,256,220 80
$139,656 84
10,233 83
16,123 97
785 50
37,981 91
65,515 30
32,659 72
100 00
303,057 07
.
$1,953,163 73
$219,869 00
40,693 00
$179,176 00
1,037,640 13
ccrued,
1,687 61
3,330 12
$731,329 87
$1,221,833 86
200,000 00
531,329 87
Total liabilities,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Miscellaneous.
Fire losses incurred during the year,
$226,504,680
172,233,778
,953,163 73
Premiums.
00 $2,554,301 33
00 1,976,519 78
$398,738,458
180,080,502
00 $4,530,821 11
00 2,115,442 53
$218,657,956
35,969,530
00 $2,415,378 58
00 398,367 80
$182,688,426 00 $2,017,010 78
. $3,811,046 00
INSURANCE CO. SALAMANDRA.
473
Schedule A. Bonds owned by the Company.
Government Bonds.
United States 2s, 1930, .
County and Municipal Bonds
Akron, O., 4s, 1910,
Boston, Mass., 4s, 1922,
Chicago, 111., 4s, 1915,
Cleveland, O., 4s, 1920,
Lima, O., 3*s, 1930,
Middletown, Conn., 4s, 1930,
New York County, N. Y., 3.3s, 1919,
New York, N. Y., 3*s, 1949,
New York, N. Y., 3*s, 1926,
New York, N. Y., 3$s, 1916,
Philadelphia, Pa., 3*s, 1931,
Portland, Ore., 5s, 1923, .
Railroad Bonds
Central Pacific ref. 4s, 1949,
Central Pacific 3*s, 1929, .
Chicago & Western Ind. 4s, 1952,
Lehigh Valley 1st mtge. 4*s, 1940,
National of Mexico 5s, 1907,
Northern Pacific 4s, 1997,.
Pitts., Cin., Chic. & St. Louis 4*s, 1942,
St. Louis Merchants Bridge Term. 5s, 1930,
St. L. Ter., Cup. Sta. & Prop. Co. 4*s, 1917,
St. Louis & San Francisco 4s, 1907,
Southern Pacific 4s, 1910,
Southern Pacific 4s, 1955,
Toledo, Walhond. Valley & Ohio 4*s, 1933,
Union Pacific 4s, 1947,
West Virginia & Pittsburg 4s, 1990,
Miscellaneous Bonds.
Kirby Timber Co. 6s, 1907-08, .
Mutual Union Tel. Co. 6s, 1911,.
Western Union Tel. Co. 4*s, 1950,
Book Value.
Rate.
Market Value.
. $105,500 00
104*
$104,500 00
26,961
51
100
25,000 00
24,024
75
102J
22,632 50
105,400
00
100$
100,750 00
28,320
21
101*
25,375 00
26,587
08
95*
23,875 00
32,946
20
102
30,090 00
37,851
30
93|
34,548 75
32,532
53
91f
27,525 00
206,000
00
94}
189,250 00
103,000
00
96£
96,875 00
108,634 22
101$
101,625 00
60,875
00
113
56,500 00
50,000
00
981
49,437 50
2,500
00
85£
2,131 25
25,000
00
97
24,250 00
50,000
00
108*
54,250 00
50,000
00
99*
49,750 00
50,000
00
102
51,000 00
52,060
00
109*
54,750 00
107,500
00
112
112,000 00
99,875
00
101
101,000 00
24,812
50
99*
24,875 00
50,000
00
97
48,500 00
50,000
00
94f
47,375 00
110,000
00
106
106,000 00
50,000
00
102
51,000 00
22,030
00
97*
19,425 00
50,000
00
92
46,000 00
34,495
00
105
31,500 00
80,000
00
99*
79,600 00
$1,856,905 30
$1,791,390 00
UNITED STATES BRANCH OF THE INSURANCE COMPANY
SALAMANDRA, ST. PETERSBURG, RUSSIA.
Deposit Capital, $200,000.
ALBERT WILLCOX & CO., United States Managers.
Office, 58 William Street, New York, N. Y.
Income.
Net fire premiums, $1,260,733 26
Interest on bonds, $33,523.94; deposits, $10,711.65, . . 44,235 59
Increase in book value of bonds, . . . . . . 500 00
Profit on maturity of bonds, . . . . . . 50 00
Received from home office, 200,000 00
, Total income, . . . . . .
Ledger assets, Dec. 31, 1905,' .
Total,
Disbursements.
Net amount paid for fire losses,
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees, .
Taxes and fees, ......
$1,505,518 85
1,334,066 54
$2,839,585 39
$935,863 75
348,648 57
691 38
19,205 27
474 INSURANCE CO. SALAMANDRA.
Premiums on bonds purchased, . . . . . . $250 00
Reduction in book value of bonds, ...... 21,335 00
Remitted to home office, 200,000 00
Total disbursements, $1,525,993 97
Balance, . . . $1,313,591 42
Ledger Assets.
Bonds (schedule A), $874,190 00
Cash in banks, 68,946 22
Agents' balances, . . . 128,963 73
Cash in control of trustees, ....... 241,491 47
Total ledger assets, . $1,313,59142
Non-Ledger Assets.
Interest accrued : —
On bonds, $8,848.32; deposits, $2,096.72, .... 10,94504
Gross assets, . $1,324,536 46
Assets not admitted.
Cash not in control of trustees, . . . $68,946 22
Book value of bonds over market value, . . 7,345 00
Total unadmitted assets, . . . 76,291 22
Total admitted assets, $1,248,245 24
Liabilities.
Unpaid losses, $195,906 29
Unearned premiums on outstanding risks, .... 850,076 51
Total, . $1,045,982 80
Surplus to policy holders, . . . . $202,262 44
Deposit capital, 200,000 00
Surplus over capital and general liabilities, .... 2,262 44
Total liabilities, . $1,248,245 24
Risks and Premiums.
Premiums.
•Fire risks outstanding Dec. 31, 1905, . . $129,448,062 00 $1,512,715 93
Fire risks written during 1906, . . . 100,516,880 00 1,577,251 41
Total, $229,964,942 00 $3,089,967 34
Deduct risks expired and terminated, . . 89,062,521 00 1,475,484 64
In force at end of year, $140,902,421 00 $1,614,482 70
Miscellaneous.
Fire losses incurred during the year, ..... $974,036 00
Schedule A. Bonds owned by the Company.
State and Municipal Bonds. Book Value. Rate. Market Value.
New York, N. Y., 3*s, 1928, $118,750 00 94£ $117,812 50
New York, N. Y., 3^s, 1929, .... 128,250 00 94£ 127,068 75
New York, N. Y., 3£s, 1954, .... 95,00000 9l| 91,37500
New York 3s, 1912, 200,000 00 100 200,000 00
SCOTTISH UNION AND NATIONAL INSURANCE CO.
475
Railroad Bonds.
Atch., Top. & Santa F6 gen. mtge. 4s, 1995,
Baltimore & Ohio 4s, 1948,
Bait, & Ohio (So. West. Div.) 3£s, 1925,
Central Pacific 1st ref. 4s, 1949,.
Indiana, Illinois & Iowa 4s, 1950,
Lake Shore & Mich. Southern 4s, 1928,
N. Y. Cent. & Hudson River 4s, 1934,
Pennsylvania Co. 3£s, 1916,
Pennsylvania Co. 4s, 1931,
Scioto Valley & New England 4s, 1989,
Book Value.
Rate.
Market Value.
$25,250 00
100
$25,000 00
25,250 00
100£
25,187 50
22,500 00
90*
22,625 00
24,750 00
98£
24,718 75
24,500 00
98£
24,625 00
49,000 00
98
49,000 00
49,000 00
97|
48,812 50
37,440 00
95*
37,245 00
50,000 00
97|
48,625 00
24,500 00
99
24,750 00
$874,190 00
$866,845 00
UNITED STATES BRANCH OF THE SCOTTISH UNION AND
NATIONAL INSURANCE COMPANY, EDINBURGH, SCOTLAND.
Deposit Capital, $200,000.
JAMES H. BREWSTER, United States Manager.
Office, 36 Pearl Street, Hartford, Conn.
83; collaterals, $100; stocks
,426.53,
Income
Net fire premiums,
Interest on mortgage loans, $27,725
and bonds, $150,442.74; all other,
Rents, .....
Profit on sale of bonds, .
Total income,
Ledger assets, Dec. 31, 1905, .
Total,
Disbursements.
Net amount paid for fire losses,
Commissions or brokerage, ....
Salaries, fees, etc., of officers and employees,
Rents, ........
Repairs and expenses on real estate,
Real estate taxes, $2,574.64; other taxes and fees, $62,389.19,
Loss on sale of ledger assets, .
Remitted to home office,
Adjustment expenses, .
Furniture and fixtures, .
Postage, express and telegrams,
Agents' balances charged off, .
Reduction in book value of bonds,
Traveling and surveys, .
Underwriters' board and patrol,
All other disbursements,
Total disbursements,
Balance,
Ledger Assets.
Real estate, $131,535.96; mortgages, $474,643.93, .
Loans secured by collateral (30 shares Illinois Central R.R.),
Stocks and bonds (schedule A),
52,076,326 72
183,695 10
12,334 03
5,267 20
£2,277,623 05
5,206,702 78
£7,484,325 83
$1,932,946 56
456,156 83
105,650 62
8,345 64
6,002 60
64,963 83
48,953 23
343,235 00
19,564 94
10,182 30
18,060 01
474 34
9,000 00
15,569 04
38,401 00
16,163 80
$3,093,669 74
$4,390,656 09
$606,179 89
2,000 00
3,132,871 83
476 SCOTTISH UNION AND NATIONAL INSURANCE CO.
Cash in banks, $341,633 41
Agents' balances, . . . . 307,970 96
Total ledger assets, $4,390,656 09
Non-Ledger Assets.
Interest due and accrued : —
On mortgages, $5,649.57; bonds, $23,604.55; collateral loans,
i; other assets, $1,270.68, 30,574 80
Gross assets, . . . $4,421,230 89
Assets not admitted.
Cash not in control of trustees, . . . $326,633 41
Stocks not in control of trustees, . . . . 332 00
Agents' balances over three months due, . . 9,911 98
Special deposits less $228, 120. 26 liability thereon, . 68,399 12
Book value of stocks and bonds over market value, . 83,982 95
Total unadmitted assets, . . . 489,259 46
Total admitted assets, $3,931,971 43
Liabilities.
Unpaid losses, including $10,870 resisted, . $292,112 66
Less reinsurance, . . . . _ .' . 66,065 41 $226,047 25
Unearned premiums on outstanding risks, .... 1,856,045 34
Salaries and other miscellaneous expenses, due or accrued, . 15,000 00
Total, $2,097,092 59
Surplus to policy holders, .... $1,834,878 84
Deposit capital, 200,000 00
Surplus over capital and general liabilities, .... 1,634,878 84
Total liabilities, $3,931,971 43
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, . ...
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Premiums.
$383,995,303 00 $4,133,446 49
324,602,443 00 3,535,116 48
$708,597,746 00 $7,668,562 97
294,777,639 00 3,286,043 99
$413,820,107 00 $4,382,518 98
99,822,480 00 785,651 15
Net amount in force, . . ' . . $313,997,627 00 $3,596,867 83
Miscellaneous.
Fire losses incurred during the year, ..... $1,989,111 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks. Book Value. Rate. Market Value.
500 shares Illinois Central (leased lines), . . $47,750 00 103 $51,500 00
Miscellaneous Stocks.
2 shares General Adjustment Bureau, . . 100 00 100 100 00
145 " Mil. Underw. Bldg. Ass'n No. 1, . 181 25 160 232 00
SCOTTISH UNION AND NATIONAL INSURANCE CO.
477
Government Bonds.
Canada (inscribed stock) 4s, 1935,
District of Columbia 3 . 65s, 1924,
United States 2s, 1930, .
State, County and Municipal Bonds
East Providence, R. I., 4s, 1947,
Georgia 3£s, 1923, .
Hamilton, Ont., 4s, 1934,
London, Ont., 4s, 1925,
Lucas County, O., 4s, 1944,
Massachusetts 3^s, 1935, .
Milwaukee County, Wis., 5s, 1907,
Milwaukee County, Wis., 5s, 1909,
Portland, Ore., 5s, 1923, .
Queens County, N. Y., 4s, 1917,
Richmond, Va., 4s, 1920, .
Richmond, Va., 4s, 1925, .
Richmond, Va., 4s, 1927, .
St. Johns, N. B., 4s, 1936, .
Toledo, O., 4is, 1912,
Toledo, O., 4£s, 1909,
Toledo, O., 4*s, 1919,
Waterbury, Conn., 4s, 1929-33, op. 1914-18,
Woonsocket, R. I., 4s, 1927,
Railroad Bonds.
Atlantic Coast Line (L. & N. col.) 4s, 1952,
Baltimore & Ohio prior lien 3^s, 1925,
Baltimore & Ohio 4s, 1948,
Boston & Maine 4^s, 1944,
Buffalo, New York & Erie 7s, 1916, .
Central of New Jersey 5s, 1987,
Chicago & Erie 5s, 1982, ....
Chicago, Indianap. & Louisville 6s, 1947,
Chicago, Mil. & St. Paul 4s, 1989,
Chicago & Northwestern 5s, 1921,
Chicago & Northwestern 5s, 1933,
Chicago, St. Paul, Minn. & Omaha 6s, 1930,
Chicago & Western Indiana 4s, 1952,
Choctaw & Memphis 5s, 1949, .
Cleveland & Pittsburg 4£s, 1942,
Elmira, Cortland & Northern 5s, 1914,
Evansville & Terre Haute 6s, 1921, .
Flint & Pere Marquette 5s, 1939,
Galves., Harrisb. & San An. (M. P. Div.) 5s, 1931
Genesee & Wyoming 5s, 1929, .
Hocking Valley 4-^s, 1999,
Louisv., Henderson & St. Louis 5s, 1946,
Louisv. & Nashv. (St. L. Prop.) 5s, 1916, .
Louisville & Nashville 4s, 1923,
Minneapolis & St. Louis 4s, 1949,
Missouri Pacific 5s, 1917, ....
Norfolk & Western 4s, 1996,
N. Y. Cent. & Hud. R. (Lake S. col.) 3^s, 1998,
Nor. Pacific-Gt. Nor. 4s, 1921, .
Oregon Short Line 5s, 1946,
Pennsylvania & N. Y. Canal 5s, 1939,
St. Louis, Iron Mt. & Southern 5s, 1931,
St. L., Iron Mt. & So. (R. & G. Div.) 4s, 1933,
St. Louis South w. 1st mtge. 4s, 1989,
Southern 5s, 1994,
Terminal Ass'n St. Louis 4s, 1953,
Toledo Ry. & Terminal Us, 1954,
Wabash Pitts. Terminal 4s, 1954,
West Va. Cent. & Pittsburg 6s, 1911,
Miscellaneous Bonds.
Canada Permanent Mort. Co. 4s, 1909,
Central Canada Loan & Savings Co. 4s, 1907,
Land Security Co. 4£s, 1900,
Northwestern Telegraph Co. 4-^s, 1934,
Toronto Mortgage Co. 4s, 1906,
Western Union Telegraph Co. 4^s, 1950,
Book Value.
$100,000 00
119,000 00
10,383 33
54,000 00
25,000 00
43,000 00
20,000 00
101,000 00
110,000 00
38,675 00
58,500 00
218,500 00
52,500 00
2,120 00
50,760 00
53,437 50
53,250 00
24,000 00
27,000 00
3,000 00
58,250 00
14,895 00
57,250 00
90,878 50
67,657 50
48,500 00
54,125 00
58,250 00
65,187 50
40,400 00
59,125 00
24,806 25
53,410 00
31,000 00
28,750 00
28,250 00
28,125 00
27,375 00
28,562 50
26,625 00
49,125 00
50,058 75
51,718 75
46,402 50
46,908 75
98,000 00
21,240 00
29,812 50
58,125 00
48,000 00
49,562 50
39,900 00
49,250 00
25,718 75
44,000 00
54,875 00
25,000 00
25,000 00
10,000 00
104,095 00
50,000 00
52,500 00
$3,132,871 83
Rate.
102
116
104*
100
107
98
98f
106
lOOf
/100
lioif
113
100
f 101
\ 101*
97!
102i
100f
1061
100|
101f
89
92*
lOOf
112
120
126
116£
130
106i
108
112*.
130
97
114£
113*.
104
114*.
108
109
106*.
104i
111
106
96
93
103*.
98*
86i
96!
114*,
115*
113*.
92
951
113f
95
90
80
107
100
100
100
102*
97
99*
Market Value.
$102,000 00
116,000 00
10,450 00
50,000 00
26,750 00
42,140 00
19,675 00
106,000 00
100,875 00
5,000 00
30,525 00
56,500 00
200,000 00
25,250 00
25,312 50
2,534 38
1,957
46,125
1,007
2,130
50,437
50
00
50
00
50
50,875 00
22,250 00
24,907 50
3,022 50
56,000 00
14,400 00
63,000 00
87,375 00
65,000 00
53,062 50
54,000 00
^56,250 00
65,000 00
38,800 00
57,250 00
23,835 00
52,000 00
28,625 00
27,000 00
27,250 00
26,625 00
26,125 00
27,750 00
26,500 00
48,000 00
46,500 00
51,750 00
49,250 00
43,125 00
96,875 00
20,610 00
28,812 50
56,750 00
46,000 00
47,750 00
39,812 50
47,500 00
22,500 00
40,000 00
53,500 00
25,000 00
25,000 00
10,000 00
102,500 00
48,500 00
49,750 00
5,048,888 88
478
SKANDIA INSURANCE CO.
UNITED STATES BRANCH OF THE SKANDIA INSURANCE
COMPANY, OF STOCKHOLM, SWEDEN.
Deposit Capital, $200,000.
C. F. SHALLCROSS, United States Manager.
Office, 50 Wall Street, New York, N. Y.
Income.
Net fire premiums,
Interest on bonds, $31,220.17; deposits, $8,485.84,
Received from home office, ....
Total income, .....
Ledger assets, Dec. 31, 1905, . . .
Total,
Disbursements.
Net amount paid for fire losses,
Commissions or brokerage, ....
Taxes and fees, ......
Loss on sale of bonds, . . .
Remitted to home office, ....
Reduction in book value of bonds, .
All other disbursements, ....
Total disbursements, ....
Balance, ......
Bonds (schedule A),
Cash in banks,
Agents' balances, .
Total ledger assets,
Ledger Assets.
Non-Ledger Assets.
Interest accrued on bonds,
Gross assets, ......
Assets not admitted.
Cash not in control of trustees,
Book value of bonds over market value, .
Total unadmitted assets, ....
Total admitted assets, ....
Liabilities.
Unpaid losses, including $7,795.97 resisted,
Unearned premiums on outstanding risks,
$951,139 01
39,706 01
550,100 00
,540,945 02
988,299 28
>,529,244 30
$1,064,698 14
293,825 16
1,176 37
22 05
78,318 92
2,510 19
9,950 41
$1,450,501 24
$1,078,743 06
$839,673 88
177,024 61
62,044 57
$1,078,743 06
7,333 34
$1,086,076 40
$5,767 44
34,955 38
Total, .
Surplus to policy holders,
$260,576 37
40,722 82
,045,353 58
$143,056 00
641,721 21
$784,777 21
THE STATE FIRE INSURANCE CO., LIMITED.
479
Deposit capital, .....
Surplus over capital and general liabilities,
Total liabilities,
$200,000 00
60,576 37
1,045,353 58
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, . .
Deduct risks expired and terminated,
In force at end of year, .
Fire losses incurred during the year,
Government Bonds.
Swedish Loan 3 . 6s, 1907,
United States 4s, 1925, .
Municipal Bonds.
New York, N. Y., 3£s, 1940,
New York, N. Y., 3£s, 1941,
Railroad Bonds.
Atch., Top. & Santa Fe gen. mtge. 4s, 1995,
Baltimore & Ohio prior lien 3^s, 1925,
Central Pacific 1st ref. 4s, 1949,.
Chicago, Rock Island & Pacific 4s, 1988,
Cleve., Cin., Chic. & St. Louis 4s, 1993,
Indiana, Illinois & Iowa 4s, 1950,
Louisville & Nashville 4s, 1940,
Norfolk & Western 6s, 1931,
Norfolk & Western 4s, 1996,
Northern Pacific 4s, 1997,
Pitts., Qn., Chic. & St. Louis 4s, 1945,
St. Louis, Iron Mt. & Southern 5s, 1931,
Southern Pacific 4s, 1955,
Southern 5s, 1994,
Premiums.
,190,202 00 $1,083,503 39
95,110,932 00 1,173,654 93
$184,301,134 00
87,943,850 00
52,257,158 32
1,028,305 56
. $96,357,284 00 $1,228,852 76
]OUS.
.
. $1,131,617 00
]D BY THE
Company.
Book Value.
Rate.
Market Value.
$77,027
03
100
$81,081 00
125,255
05
129f
129,625 00
55,447
88
92f
46,312 50
214,146
11
92^
185,000 00
25,787
91
100
25,000 00
23,905
94
92i
23,062 50
50,409
97
98f
49,437 50
25,275
22
99f
24,937 50
25,775
92
101
25,250 00
14,831
25
98i
14,775 00
25,083
35
100
25,000 00
32,313
00
129
32,250 00
9,515
28
98^
9,850 00
25,397
10
102
25,500 00
10,077
89
lOOi
10,050 00
16,440
27
113*
17,025 00
24,062
50
94|
23,687 50
58,922
21
113f
56,875 00
,673 88
,718 50
UNITED STATES BRANCH OF THE STATE FIRE INSURANCE
COMPANY, LIMITED, LIVERPOOL, ENGLAND.
Deposit Capital, §200,000.
JAMES H. BREWSTER, United States Manager.
Office, 36 Pearl Street, Hartford, Conn.
Income.
Net fire premiums, ........ $155,105 69
Interest on bonds, $13,866.27; deposits, $520.60, . . . 14,386 87
Received from home office, ....... 1,006,620 01
Total income,
Ledger assets, Dec. 31, 1905,
Total, .
Net amount paid for fire losses,
Commissions or brokerage,
Disbursements.
$1,176,112 57
426,858 09
$1,602,970 66
,042,448 37
31,838 56
480
THE STATE FIRE INSURANCE CO., LIMITED.
Salaries, fees, etc., of officers and employees,
Rents, ........
Taxes and fees, ......
Advertising, printing and stationery,
Postage, express and telegrams,
Traveling expenses and surveys,
Underwriters' boards and patrol,
All other disbursements, ....
Total disbursements, ....
Balance, ......
Ledger Assets.
Bonds (schedule A),
Cash in banks and office, ....
Agents' balances, . . . ...
Total ledger assets, ....
Non-Ledger Assets.
Interest due and accrued on bonds,
Gross assets, . . . .
Assets not admitted.
Cash not in control of trustees,
Agents' balances over three months due, .
Book value of bonds over market value, .
Total unadmitted assets,
Total admitted assets,
Liabilities.
Unpaid losses, .....
Less reinsurance, .....
Unearned premiums on outstanding risks,
Plus same on disallowed reinsurance,
Total,
Deposit capital, .....
Impairment of capital,* ....
Surplus to policy holders,
Total liabilities,
Risks and Premiums.
$109,016 20
4,048 72
32,041 15
$87,253 39
1,434 47
102,350 09
447 08
$200,000 00
31,057 58
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
$17,015,599 00
17,262,699 00
$34,278,298 Oti
17,550,548 00
$16,727,750 00
3,352,038 00
£6,437 36
510 70
5,850 05
2,433 01
1,753 59
1,061 21
3,086 75
8,278 14
1,103,697 74
$499,272 92
$377,401 15
109,016 20
12,855 57
$499,272 92
3,391 66
$502,664 58
145,106 07
$357,558 51
$85,818 92
102,797 17
$188,616 09
168,942 42
$357,558 51
Premiums.
$219,695 37
255,334 66
$475,030 03
237,541 22
$237,488 81
44,207 94
$13,375,712 00 $193,280 87
* Impairment made good by the deposit of $40,000 with the United States Trustees.
THE SUN INSURANCE OFFICE.
481
Miscellaneous.
Fire losses incurred during the year, .
Schedule A. Bonds owned by the Company.
Municipal Bonds.
New York, N. Y., 3£s, 1952,
New York, N. Y., 3^s, 1927,
New York, N. Y., 3£s, 1942,
Railroad Bonds.
Atch., Top. & Santa F6 gen. mtge. 4s, 1995,
Central Pacific ref. 4s, 1949,
Chicago, Rock Island & Pacific 4s, 1988,
Cleve., Cin., Chic. & St. Louis 4s, 1993,
Illinois Central (Omaha Div.) 3s, 1951,
Lehigh Valley 4s, 2003, ....
Louisville & Nashville 4s, 1940,
Manhattan 4s, 1990, ....
N. Y. Cent. & Hud. R. (L. Sh. col.) 3is, 1998,
Norfolk & Western 4s, 1996,
Northern Pacific 4s, 1997, ....
Pitts., Cin., Chic. & St. Louis 4£s, 1940,
Reading 4s, 1997, .....
Rome, Watert'n & Ogdensburg 5s, 1922,
Southern 5s, 1994, . . . . ' .
Union Pacific 4s, 1947, ....
Book Value.
$79,462 15
48,590 00
86,000 00
9,980 00
10,040 00
10,505 00
9,558 00
8,375 00
9,890 00
10,265 00
10,366 00
9,330 00
9,630 00
9,500 00
11,150 00
10,145 00
12,190 00
12,100 00
10,325 00
$377,401 15
Rate.
91f
94^
92f
100
98i
99f
101
79f
97i
100
100i
86i
98i
102
109i
99
114
113f
102
.,115,861 00
Market Value.
$67,802 50
43,470 00
73,900 00
10,000 00
9,887 50
9,975 00
10,100 00
7,975 00
9,725 00
10,000 00
10,050 00
8,625 00
9,850 00
10,200 00
10,925 00
9,900 00
11,400 00
11,375 00
10,200 00
$345,360 00
UNITED STATES BRANCH OF THE SUN INSURANCE OFFICE,
LONDON, ENGLAND.
Deposit Capital, $200,000.
J. J. GUILE, United States Manager.
Office, 54 Pine Street, New York, N. Y.
Income.
Net fire premiums, ........
Interest on mortgage loans, $2,250 ; stocks and bonds, $91 ,975 . 86 ;
deposits, $8,078.84,
Rents, including company's own occupancy, ....
Profit on sale or maturity of bonds, .....
Received from home office, .......
Total income, ........
Ledger assets, Dec. 31, 1905, .......
Total,
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, $4,305 . 45 ; other taxes and fees, $66,879 . 36,
Loss on sale of bonds, .....
Remitted to home office, ....
Advertising, printing and stationery, . . .
Maps, ........
52,744,218 41
102,304 70
23,905 33
19,329 92
2,104,801 80
54,994,560 16
3,098,423 56
.,092,983
72
,716,545
79
631,293
00
129,149
98
22,126
00
8,797
73
71,184 81
2,482
36
814,425
22
29,279
04
7,749 81
482 THE SUN INSURANCE OFFICE.
Postage, . . $13,122 82
General and agency expenses, .... . . 95,124 27
Total disbursements, $4,541,280 83
Balance, $3,551,702 89
Ledger Assets.
Real estate, $290,637.79; mortgages, $50,000, .... $340,637 79
Stocks and bonds (schedule A), 2,415,888 76
Cash in banks and office, . . . . . . . 412,810 58
Agents' balances, ......... 382,365 76
Total ledger assets, $3,551,702 89
Non-Ledger Assets.
Interest accrued : —
On mortgages, $375; bonds, $23,103.58; other assets, $5,364.32, 28,842 90
Rents accrued on company's property, ..... 1,316 67
Market value of stocks and bonds over book value, . . . " 32,244 62
Gross assets, $3,614,107 08
Assets not admitted.
Cash not in control of trustees, . . . $166,579 75
Agents' balances over three months due, . . . 16,511 18
Special deposits less $62,142.50 liability thereon, . 11,572 50
Book value of real estate over market value, . . 19,637 79
Total unadmitted assets, . . . 214,301 22
Total admitted assets, $3,399,805 86
Liabilities.
Unpaid losses, including $13,424 resisted, . $335,602 26
Less reinsurance, 19,984 57 $315,617 69
Unearned premiums on outstanding risks, . 2,284,347 76
Plus same on disallowed reinsurance, . . 7,064 41 2,291,412 17
Salaries and other miscellaneous expenses, due or accrued, . 5,882 20
Due for reinsurance, . . . . . . . . 6,716 91
Total, $2,619,628 97
Surplus to policy holders, . . . . $780,176 89
Deposit capital, 200,000 00
Surplus over capital and general liabilities, . . . .' 580,176 89
Total liabilities, $3,399,805 86
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, .....
Deduct risks expired and terminated,
In force at end of year, . . .
Deduct amount reinsured,
Premiums.
$403,176,560 00 $4,156,506 82
312,628,859 00 3,547,523 09
5715,805,419 00 $7,704,029 91
279,216,905 00 3,051,782 76
$436,588,514 00 $4,652,247 15
28,500,967 00 268,959 74
Net amount in force, .... $408,087,547 00 $4,3S3,287 41
THE SUN INSURANCE OFFICE.
483
Miscellaneous.
Fire losses incurred during the year,
!,815,440 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
100 shares Baltimore & Ohio, preferred, .
500 " Cleveland & Pittsburg, .
300 " Illinois Central (leased line),
100 " Morris & Essex,
1,082 " Pennsylvania,
400 " Pittsburgh, Bessemer & L. Erie,
200 " Rensselaer & Saratoga, .
250 " Rome, Watertown & Ogdensburg,
200 " Southern (Mobile & Ohio),
Miscellaneous Stocks.
10 shares Underwriters' Sal. Co., N. Y., N. Y.,
10 " Underwriters' Sal. Co., Chicago, 111., .
100 " Western Union Telegraph Co.,
Government Bonds.
United States 2s, 1930, . . .
Municipal Bonds.
Cleveland, Ohio, 4s, 1923, . . . .
New York, N. Y., 4s, 1936, .
Richmond, Va., 5s, 1922,
Richmond, Va., 4s, 1924,
Railroad Bonds.
Atchison, Topeka & Santa Fe adjust. 4s, 1995,
Atlantic Coast Line (L. & Nash, coll.) 4s, 1952,
Bait. & O. (Pitts., L. E. & W. Va.) 4s, 1941,
Baltimore & Ohio (Southwest. Div.) 3*s, 1925,
Bangor & Aroostook equipment 5s, 1911, .
Brooklyn Union 5s, 1950,
Canada Southern 5s, 1913,
Central of Ga. 1st mtg. (G. & N. M. L.) 4s, 1916,
Central of New Jersey equip. 4s, 1913,
Chesapeake & Ohio 4*s, 1992, .
Chicago & Alton 3s, 1949, ....
Chicago & Eastern Illinois 4s, 1955, .
Chicago Great Western 5s, 1909,
Chicago, Rock Island & Pacific 4*s, 1907, .
Chicago, Rock Island & Pacific 4s, 1915,
Chicago, Rock Island & Pacific 4s, 1934,
Chicago & Rock Island Elevator Co. 5s, 1910,
Cincinnati, Hamilton & Davton 5s, 1942,
C, C, C. & St. L. (Cairo, Vm. & Ch.) 4s, 1939,
Erie general lien 4s, 1996,
Erie (Pennsylvania coll.) 4s,1951,
Iron Mountain 5s, 1912,
Kansas City Railway & Light Co. 5s, 1907,
Kansas City Southern 3s, 1950,
Lehigh Valley Coal Co. 5s, 1933,
Lehigh Valley Terminal 5s, 1941,
Louisville & Nashville 4s, 1923,
Louisville & Nashville 5s, 1931,
Metropolitan Street 5s, 1997,
Milwaukee Electric Railway & Light Co. 5s, 1926
Missouri Pacific 5s, 1917, .
Mobile & Ohio 6s, 1927, .
New Mexico Railway & Coal Co. 5s, 1947, .
Norfolk & Western equip, tr. 4s, 1909,
Norfolk & Western equip, tr. 4s, 1913,
Northern Pacific 4s, 1997, ....
N. Pac.-Gt. North. (C, B. & Q. Col.) 4s, 1921,-
Oregon Short Line 6s, 1922,
Pennsylvania 3*s, 1915, ....
Pennsylvania Steel equipment 3*s, 1907,
Pine Bluff & Western 5s, 1923, . .
Richmond, York River & Chesapeake 4*s, 1910,
Rio Grande Junction 5s, 1939, . . - .
St. Louis Bridge Co. 7s, 1929, .
Book Value.
$9,612 50
42,281 25
27,825 00
16,330 04
64,812 05
14,584 38
37,000 00
29,325 00
18,400 00
1,000 00
1,000 00
9,187 50
273,548 89
106,250 00
51,250 00
8,860 00
1,980 00
46,468 58
22.286 81
49,750 00
34,950 00
20,000 00
30,181 43
26,406 25
24,346 30
23,222 90
25,959 38
41.287 50
24,062 50
25,000 00
24,812 50
23,862 50
22,953 49
24,937 50
51,000 00
23,000 00
13,080 42
23,625 00
25,675 00
24,750 00
17,622 51
25,000 00
55,875 00
24,250 00
12,896 68
22,300 00
25,625 00
24,406 25
30,006 25
24,406 25
24,460 00
24,356 25
27,112 50
27,287 50
29,687 50
23,000 00
48,141 60
26,093 75
49,475 00
22,500 00
32.500 00
Rate.
92*
177
103
182
138|
67
200
127*
93
100
100
84
101f
101|
111*
101*
91f
89
94|
90*
100
104*
103
97
96
103f
78*
93
100
99
93*
90
98
106
99f
87*
89f
100
99
71*
110*
117*
96
108*
105|
107
103*
123
102
98*
94*.
102
96|
121*
93
98*
103*
Market Value.
$9,225 00
44,250 00
30,900 00
18,200 00
74,860 88
13,400 00
40,000 00
31,875 00
18,600 00
1,000 00
1,000 00
8,400 00
104* 271,700 00
107
140
101,750 00
50,937 50
8,900 00
2,025 00
45,875 00
22,250 00
47,437 50
36,200 00
20,000 00
31,350 00
25,750 00
24,250 00
24,000 00
25,906 25
39,250 00
23,250 00
25,000 00
24,750 00
23,375 00
22,500 00
24,500 00
53,000 00
24,843 75
13,125 00
22,437 50
25,000 00
24,750 00
17,875 00
27,625 00
58,750 00
24,000 00
13,020 00
21,125 00
26,750 00
25,875 00
30,750 00
25,500 00
24,531 25
23,718 75
30,600 00
29,062 50
30,375 00
21,390 00
49,250 00
25,875 00
49,562 50
26,750 00
35,000 00
484
THE SVEA FIRE AND LIFE INSURANCE CO., LIMITED.
St. L., I. M. & S. (River & Gulf Div.) 4s, 1933,
St. Louis, Iron Mountain & Southern 4s, 1929,
St. Louis & San Francisco 4^-s, 1915, .
Seaboard Air Line equip. 5s, 1909,
Southern 5s, 1994, ....
Southern 5s, 1909, .
Terminal Association of St. Louis 4^s, 1939,
Texas & Oklahoma 5s, 1943,
Toledo, St. Louis & Western 3£s, 1925,
Toledo, St. L. & Western equip. 4£s, 1912,
Wabash 1st mortgage 5s, 1939,
Wabash 5s, 1907, ....
Miscellaneous Bonds.
Commercial Cable Co. 4s, 2397,
Detroit City Gas Co. 5s, 1923, .
New England Cotton Yarn Co. 5s, 1929,
N. Y. Gas & Elec. Lt., Ht. & Power Co. 5s, 1948,
Philadelphia Co. 5s, 1949,
Western Telephone & Telegraph Co. 5s, 1932,
Book Value.
Rate.
Market Value.
$23,000
00
92
$23,000 00
22,031
25
89
22,250 00
23,170
63
95
23,750 00
25,000
00
100
25,000 00
22,158
33
113f
22,750 00
25,125
00
100
25,000 00
24,250
00
109
27,250 00
26,864
58
106
26,500 00
21,123
25
89
22,250 00
19,524
00
97|
19,550 00
26,687
50
1-12*
28,125 00
25,009
38
100
25,000 00
50,500
00
95
47,500 00
24,031
25
99
24,750 00
15,000
00
100
15,000 00
27,734
38
103
25,750 00
27,281
25
107
26,750 00
25,531
25
99
24,750 00
$2,415,888
76
$2,448,133 38
UNITED STATES BRANCH OF THE SVEA FIRE AND LIFE
INSURANCE COMPANY, LIMITED, GOTHENBERG, SWEDEN.
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, $21,882.42; deposits, $4,497.43,
Profit on sale of bonds, .....
Received from home office, ....
Total income, ......
Ledger assets, Dec. 31, 1905, ....
Total,
Disbursements
Net amount paid for fire losses,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents, .......
Taxes and fees, .....
Loss on sale of bonds, ....
Remitted to home office,
Printing and stationery,
Postage and agents' expenses,
Traveling expenses, ....
Underwriters' boards, ....
All other disbursements,
Total disbursements,
Balance, .....
Ledger Assets.
Bonds (schedule A),
Cash in banks and office,
$713,688 08.
26,379 85
4,116 91
1,285,000 00-
52,029,184 84
921,963 50
^2,951,148 34
$1,581,698 46
203,026 66
24,905 22
2,833 3a
17,628 12
687 50
11,362 50
3,646 62
2,912 68-
8,212 81
8,324 95
16,505 83
$1,881,744 68
$1,069,403 66
$736,766 90
210,960 02
THE SVEA FIRE AND LIFE INSURANCE CO., LIMITED.
485
Agents' balances, ......
Bills receivable, ......
Total ledger assets, ....
Non-Ledger Assets.
Interest accrued on bonds, ....
Gross assets, ......
Assets not admitted.
Cash not in control of trustees,
Agents' balances over three months due,
Book value of bonds over market value, .
Total unadmitted assets, .
Total admitted assets, ....
Liabilities.
Unpaid losses, including $23,772.89 resisted,
Less reinsurance, .....
Unearned premiums on outstanding risks,
Plus same on disallowed reinsurance,
Total,
Surplus to policy holders,
Deposit capital, .....
Surplus over capital and general liabilities,
$91,619 04
30,057 70
. $1,069,403 66
4,514 58
. $1,073,918 24
$35,101 26
489 82
44,645 65
80,236 73
$993,681 51
$122,431 46
17,545 55 $104,885 91
525,950 41
4,916 90 530,867 31
.$357,928 29
Total liabilities,
$635,753 22
200,000 00
157,928 29
$993,681 51
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
Total, . .
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Premiums.
,405,804 00 $1,010,383 31
70,720,598 00 1,003,585 32
$137,126,402 00
65,700,774 00
$71,425,628 00
5,865,141 00
!,013,968 63
977,630 12
,036,338 51
69,224 54
Net amount in force,
$65,560,487 00 $967,113 97
Miscellaneous.
Fire losses incurred during the year, . . . . . $1,633,541 00
- Schedule A. Bonds owned by the Company.
State and Municipal Bonds.
Massachusetts 3^-s, 1938, .
New York, N. Y., 3s, 1910,
New York, N. Y., 3s, 1914,
New York, N. Y., 3£s, 1915,
New York, N. Y., 3£s, 1916,
New York, N. Y., 3s, 1920,
New York, N. Y., 3*s, 1927,
New York 3s, 1912,
Railroad Bonds.
Atchison, Topeka & Santa F6 gen. mort. 4s, 1995,
Chesapeake & Ohio 4^s, 1992,
Erie (Pennsylvania coll.) 4s, 1951,
Book Value.
Rate.
Market Value.
$102,737 95
101
$90,900 00
19,464 00
97
19,400 00
9,542 00
94
9,400 00
52,750 00
96f
48,312 50
127,500 00
96£
116,250 00
9,215 00
90|
9,087 50
32,400 00
94^
28,350 00
106,000 00
100
100,000 00
25,477 66
100
25,000 00
26,218 75
103f
25,906 25
6,632 50
89f
6,282 50
486
THAMES AND MERSEY MARINE INSURANCE CO.
Erie general lien 4s, 1996,
Flint & Pere Marquette 5s, 1939,
Georgia Midland 3s, 1946,
Lehigh & Wilkes-Barre Coal Co. 4^s, 1910,
Oregon Short Line 5s, 1946,
Richmond, York River & Chesapeake 4^s, 1910,
St. Louis & San Francisco 4s, 1951, .
Southern 5s, 1994,
Miscellaneous Bonds.
Central Leather Co. 5s, 1923,
U. S. Steel Corporation 5s, 1963,
Book Value.
$22,781 25
15,918 75
21,600 00
25,093 75
11,212 50
41,685 00
27,337 50
3,481 54
24,750 00
24,968 75
$736,766 90
Rate.
87^
108
70
99
99i
82
113f
96^
96f
Market Value.
$21,875 00
16,200 00
21,000 00
24,750 00
11,450 00
41,632 50
24,600 00
3,412 50
24,125 00
24,187 50
,121 25
UNITED STATES BRANCH OF THE THAMES AND MERSEY
MARINE INSURANCE COMPANY, LIVERPOOL, ENGLAND.
Deposit Capital, $300,000.
H. K. FOWLER, United States Manager.
Office, 82 Beaver Street, New York, N. Y.
Income.
Net marine premiums, . . . . . . . . $538,342 30
Interest on stocks and bonds, ...... 23,101 72
Received from home office, ....... 78,678 93
Total income, ......
Ledger assets, Dec. 31, 1905, ....
Total, .
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, ....
Office expenses, postage, stationery, inspections, etc.,
Total disbursements, .
Balance,
Stocks and bonds (schedule A),
Cash in banks and office,.
Agents' balances, ......
Total ledger assets, . . .
Non-Ledger Assets.
Interest due and accrued on bonds, .
Gross assets, ......
Assets not admitted.
Cash not in control of trustees,
Agents' balances over three months due,
Ledger Assets.
$640,122 95
750,048 02
1,390,170 97
$220,252 23
62,877 12
30,792 53
5,750 00
14,533 58
275,849 66
14,114 30
$624,169 42
$766,001 55
$668,608 50
6,492 37
90,900 68
$766,001 55
3,779 15
$769,780 70
1,492 37
349 07
THAMES AND MERSEY MARINE INSURANCE CO.
487
Special deposits, $67,287 50
Book value of stocks and bonds over market value, 46,858 50
Total unadmitted assets, . . .
Total admitted assets, .......
Liabilities.
Unpaid losses, $176,021 55
Less reinsurance, ..;... 4,426 00
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, $1,342.16; reinsurance, $8,790.39, .
Total,
Surplus to policy holders,
Deposit capital, .....
Surplus over capital and general liabilities,
$378,225 63
Total liabilities,
Risks and Premiums.
Marine risks outstanding Dec. 31, 1905,
Marine risks written during 1906,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
$8,017,912 00
146,418,972 00
$154,436,884 00
146,332,475 00
$8,104,409 00
229,345 00
$120,987 44
$648,793 26
$171,595 55
69,916 12
15.000 00
3,923 41
10,132 55
$270,567 63
300,000 00
78,225 63
$648,793 26
Premiums.
$112,122 00
672,484 48
$784,606 48
671,551 48
$113,055 00
3,034 85
Miscellaneous.
Marine losses incurred during the year,
$7,875,064 00 $110,020 15
$116,189 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
200 shares Allegheny & Western,
500 " Beech Creek, .
300 " Cleveland & Pittsburg,
450 " Illinois Central (leased lines),
200 " Morris & Essex,
200 " Pittsburg, Ft. Wayne & Chicago,
200 " Rome, Watertown & Ogdensburg,
Municipal Bonds.
Boston, Mass., 3£s, 1932, .
Georgia 4^s, 1915, .
New York, N. Y., 3£s, 1942,
New York, N. Y., 3£s, 1953,
Portland, Ore., 5s, 1922, .
Railroad Bonds.
Chicago, Burlington & Quincy 3*s, 1949,
Chicago & Northwestern 3^s, 1987, .
Illinois Central 3^s, 1951,
St. Paul, Minnesota & Manitoba 4s, 1937,
Book Value.
$45,130 00
26,933 00
27,675 00
46,250 00
28,275 00
36,350 00
26,600 00
52,250 00
11,488 00
212,620 00
9,800 00
59,875 00
19,850 00
10,300 00
29,775 00
25,437 50
$668,608 50
Rate.
145
105
177
103
182
173
127*
96i
111
92f
91*
112|
92
96*
98
100
Market Value.
$43,500 00
26,250 00
26,550 00
46,350 00
27,300 00
34,600 00
25,500 00
48,062 50
11,100 00
184,750 00
9,150 00
56,187 50
18,400 00
9,650 00
29,400 00
25,000 00
$621,750 00
488
UNION ASSURANCE SOCIETY.
UNITED STATES BRANCH OF THE UNION ASSURANCE SOCIETY,
LONDON, ENGLAND.
Deposit Capital, $200,000.
HALL & HENSHAW, United States Managers. •
Office, 35 Pine Street, New York, N. Y.
Income.
Net fire premiums, . . . . .
Interest on stocks and bonds, $43,642.04; deposits, $1,095.15,
Rents, including company's own occupancy,
Profit on sale of bonds, .......
Received from home office, .....
Total income, .......
Ledger assets, Dec. 31, 1905, .
Total,
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, $3,339.12; other taxes and fees, $31,489.39,
Loss on sale of stocks and bonds, . .
Remitted to home office, .....
Advertising, printing, stationery and subscriptions, .
Maps,
Postage, express and telegrams, ....
Reduction in book value of bonds, .
Traveling expenses, ......
Underwriters' boards, ......
All other disbursements, .....
Total disbursements, .....
Balance,
Ledger Assets.
Real estate, .......
Stocks and bonds (schedule A),
Cash in banks and office, ....
Agents' balances, ......
Total ledger assets, .
Non-Ledger Assets.
Interest accrued : —
On bonds, $8,024 . 16 ; other assets, $49 .91,
Market value of real estate over book value,
Gross assets, ...
U,039,384 97
44,737 19
15,281 40
3,138 57
2,668,560 12
$3,771,102 25
•
1,743,998
44
. $5,515,100 69
. $3,612,322 83
281,711
20
48,559
07
6,644
25
3,219
83
9.39,
34,828
51
6,136
75
255,667
73
7,629
81
3,510
41
5,161
46
1,750
50
13,103
49
14,083
33
3,252
10
$4,297,581
27
$1,217,519 42
. $190,973
19
868,716
35
90,958
03
•
66,871
85
$1,217,519 42
8,074 07
•
134,026
81
$1,359,620 30
UNION ASSURANCE SOCIETY.
489
Assets not admitted.
Cash not in control of trustees, . . . $25,373 18
Agents' balances over three months due, . . 1,347 50
Special deposits less $42,735 . 22 liability thereon, 82,552 28
Book value of stocks and bonds over market value, 45,685 10
iuiai uiiauiiiittcu assciis,
.
(JPJ-U^jC'^O \J\J
Total admitted assets,
$1,204,662 24
Liabilities.
Unpaid losses, including $14,103.04 resisted,
Less reinsurance, .....
Unearned premiums on outstanding risks,
Due for return premiums, $300 ; reinsurance, $S
$160,875 60
48,588 23
20,120.50, '.
$359,001 69
$112,287 37
712,952 68
20,420 50
Total, ■.
Surplus to policy holders,
Deposit capital, .....
Surplus over capital and general liabilities,
$845,660 55
200.000 00
159.001 69
Total liabilities, ....
.
$1,204,662 24
Risks and Premii
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
JMS.
Premiums.
$170,722,765 00 $1,710,780 97
165,539,464 00 1,658,823 99
Total, ......
Deduct risks expired and terminated,
$336,262,229 00 $3,369,604 96
165,760,494 00 1,703,439 70
In force at end of year, ....
Deduct amount reinsured,
$170,501,735 00 $1,666,165 26
37,065,962 00 280,312 29
Net amount in force, . .
Miscellaneous.
Fire losses incurred during the year,
$133,435,773 00 $1,385,852 97
1,595,917 00
Schedule A. Stocks and Bonds owned by the Company.
Railroad Stocks.
150 shares Allegheny & Western,
125 " Rensselaer & Saratoga,
300 " Rome, Watert'n & Ogdensburg,
Government Bonds.
District of Columbia 3 . 65s, 1924,
State and Municipal Bonds.
Chicago, 111., 4s, 1915,
Georgia 3£s, 1933, .
Georgia 3£s, 1934, .
Massachusetts 3 s, 1930,
New Mexico 4s, 1933, op. 1923,
New York, N. Y., 3s, 1907,
New York, N. Y., 3s, 1908,
New York, N. Y., 3s, 1911,
New York, N. Y., 3s, 1941,
New York, N. Y;, 3*s, 1951,
New York, N. Y., 3£s, 1952,
New York, N. Y., 3£s, 1954,
Portland, Ore., 5s, 1923, .
Virginia 3 s, 1991,
Book Value.
$21,900 00
24,990 00
41,500 00
117,500 00
31,628 00
5,370 00
5,420 00
49,956 80
10,301 00
3,995 00
85,650 31
39,893 88
4,925 00
86,552 00
124,365 00
72,800 00
54,090 00
45,250 00
Rate.
145
200
127£
116
100f
107f
108
92£
100
99i
98Jr
96
83£
91f
91f
91f
113
96
Market Value.
$21,750 00
25,000 00
38,250 00
116,000 00
30,225 00
5,387 50
5,400 00
46,437 50
10,000 00
3,970 00
84,710 00
38,400 00
4,156 25
73,300 00
108,117 50
63,962 50
56,500 00
48,000 00
490
UNION MARINE INSURANCE CO., LIMITED.
Railroad Bonds.
Chic, Mil. & St. Paul (Wis. Valley) 7s, 1909,
Lehigh & New York 4s, 1945, .
Pennsylvania Co. 4£s, 1921,
Book Value.
$5,185 00
18,544 36
18,900 00
,716 35
Rate.
105*
96
105i
Market Value.
$5,275 00
19,200 00
18,990 00
$823,031 25
UNITED STATES BRANCH OF THE UNION MARINE INSURANCE
COMPANY, LIMITED, LIVERPOOL, ENGLAND.
Deposit Capital, $300,000.
FRANZ HERMANN, United States Manager.
Office, 79 Wall Street, New York, N. Y.
Income.
Net marine premiums,
Interest on bonds, $21,432.24; deposits, $1,365.96,
Received from home office, . .
Total income, ......
Ledger assets, Dec. 31, 1905, ....
Total,
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,
Advertising and stationery,
Furniture, ....
Postage, express and telegrams,
Traveling expenses,
Underwriters' boards,
All other disbursements,
Total disbursements,
Balance, ........
Ledger Assets.
Bonds (schedule A),
Cash in banks, ........
Agents' balances, ........
Bills receivable, ........
Cash deposited with Treasurer and Receiver General of Mass.,
Total ledger assets, .......
Non-Ledger Assets.
Interest accrued on bonds, ......
Market value of bonds over book value, ....
$540,187 91
22,798 20
102,879 79
$665,865 90
628,415 91
1,294,281 81
$297,044 36
137,628 74
28,139 71
3,397 22
13,945 23
214,649 86
5,068 52
1,178 63
866 28
1,458 52
979 15
5,488 32
$709,844 54
.437 27
$507,359 97
30,171 12
43,231 87
3,228 96
445 35
$584,437 27
4,949 17
15,973 78
Gross assets,
$605,360 22
UNION MARINE INSURANCE CO., LIMITED.
491
Assets not admitted.
Cash not in control of trustees, . . . $30,171 12
Agents' balances over three months due, . 173 25
Total unadmitted assets, ....
Total admitted assets, .......
Liabilities.
Unpaid losses, ...... $137,751 11
Less reinsurance, . . . ' . . . 41,406 37
Unearned premiums on outstanding risks, ....
Total,
Surplus to policy holders, .... $400,473 41
Deposit capital, .........
Surplus over capital and general liabilities, ....
,344 37
$575,015 85
Total liabilities,
Risks and Premiums.
Marine risks outstanding Dec. 31, 1905,
Marine risks written during 1906,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Miscellaneous.
Marine losses incurred during the year, ,
$12,397,752 00
258,088,891 00
$270,486,643 00
255,601,333 00
$14,885,310 00
7,020,423 00
,344 74
78,197 70
$174,542 44
300,000 00
100,473 41
$575,015 85
Premiums.
$188,385 84
1,037,322 63
51,225,708 47
899,117 91
$326,590 56
192,977 51
$7,864,887 00 $133,613 05
$259,155 00
Schedule A. Bonds owned by the Company.
Government Bonds.
United States 4s, 1925, ....
State and Municipal Bonds.
Massachusetts 3^s, 1933, ....
New York, N. Y., 3£s, 1954,
New York, N. Y., 3*s, 1940,
New York, N. Y., 3s, 1914,
Railroad Bonds.
Atch., Top. & Santa Fe gen. mtge. 4s, 1995,
Baltimore & Potomac 6s, 1911,
Boston & Albany 4s, 1913,
Boston & Maine 3£s, 1923,
Boston & Maine 4£s, 1944,
Central of New Jersey 5s, 1987,
Chicago, Burlington & Quincy 3^s, 1949,
Chicago Northwestern 3^s, 1987,
Detroit, Gr. Haven & Mil. equip. 6s, 1918,
Fitchburg 4s, 1916, .
Minneapolis & St. Louis 4s, 1949,
N. Y., New Haven & Hartford 4s, 1955,
Old Colony 4s, 1938,
Pennsylvania Co. 3^s, 1941,
Miscellaneous Bonds.
New England Cotton Yarn 5s, 1929, .
Solvay Process Co. Sennet Solvay joint 5s, 1908,
Book Value.
$100,000 00
14,000 00
10,004 44
100,000 00
100,000 00
41,500 00
3,000 00
4,000 00
1,000 00
7,000 00
9,000 00
31,122 21
2,000 00
1,000 00
3,000 00
3,000 00
41,134 44
3,000 00
24,598 88
5,000 00
4,000 00
$507,359 97
Rate.
129f
1001
91f
92f
94
100
107
101
96i
112
126
92
96^
108
100f
93
10H
103|
89
100
100
Market Value.
$129,625 00
14,122 50
9,137 50
92,625 00
94,000 00
41,500 00
3,210 00
4,040 00
962 50
7,840 00
11,340 00
30,360 00
1,930 00
1,080 00
3,022 50
2,790 00
40,500 00
3,108 75
23,140 00
5,000 00
4,000 00
$523,333 75
492
WESTERN ASSURANCE CO.
UNITED STATES BRANCH OF THE WESTERN ASSURANCE
COMPANY, TORONTO, CANADA.
Deposit Capital, $200,000.
FREDERICK B. CARPENTER, Attorney.
Office, 71 Kilby Street, Boston.
Income.
Net fire premiums, $2,199,453.41; marine, $386,085.97,
Interest on stocks and bonds, $49,038 . 78; all other, $11,823 . 55, .
Profit on sale of bonds, ........
Received from home office, . . . . .
Total income, . . . ■ .
Ledger assets, Dec. 31, 1905, .......
Total,
Disbursements.
Net amount paid for fire losses, $2,685,784.63; marine, $310,-
115.23,
Commissions or brokerage,
Salaries, fees, etc., of officers and employees,
Rents, .......
Taxes and fees, .....
Loss on sale of bonds, ....
Advertising and printing,
Maps and furniture, ....
Postage, express, telegrams and exchange,
Traveling expenses of special agents,
Underwriters' boards and inspections,
All other disbursements,
Total disbursements,
Balance, .....
Stocks and bonds (schedule A),
Cash in banks and office,
Agents' balances, .
Bills receivable,
Ledger Assets.
Non-Ledger Assets.
Total ledger assets, .
Interest accrued on bonds,
Gross assets, .
Assets not admitted.
Cash not in control of trustees,
Agents' balances over three months due, .
Bills receivable, past due, ....
$2,585,539 38
60,862 33
1,035 61
1,291,859 49
$3,939,296 81
2,440,857 54
$6,380,154 35
$2,995,899 86
519,784 14
99,645 66
7,325 91
68,385 77
8,883 33
22,734 35
3,412 54
24,674 38
56,513 55
33,481 49
5,832 79
$3,846,573 77
$2,533,580 58
$1,861,685 36
457,708 87
191,602 16
22,584 19
$2,533,580 58
22,536 98
$2,556,117 56
$26,285 89
11,819 30
4,405 16
WESTERN ASSURANCE CO.
493
Special deposits less $154,734.44 liability thereon, . $61,475 56
Book value of stocks and bonds over market value, . 63,918 27
Total unadmitted assets, . . .
Total admitted assets, .......
Liabilities.
Unpaid losses, including $11,035 resisted, ....
Unearned premiums on outstanding risks, ....
Total,
Surplus to policy holders, .... $240,728 35
Deposit capital, .........
Surplus over capital and general liabilities, ....
Total liabilities,
$167,904 18
$2,388,203 38
$414,450 56
1,733,024 47
;2,147,475 03
200,000 00
40,728 35
52,388,203 38
Risks and Premiums.
Fire risks outstanding Dec. 31, 1905, . . $292,524,457
Fire risks written during 1906, . . . 304,802,286
Total, $597,326,743
Deduct risks expired and terminated, . . 280,033,691
In force at end of year, $317,293,052
Deduct amount reinsured, .... 25,904,150
Net amount in force
Marine risks outstanding Dec. 31, 1905, . . $7,276,348
Marine risks written during 1906, . . . 69,556,545
Total, $76,832,893
Deduct risks expired and terminated, . . 68,506,489
In force at end of year, $8,326,404
Deduct amount reinsured, .... 2,839,137
Premiums.
00 $3,206,020 00
00 2,979,767 15
00 $6,185,787 15
00 2,860,840 23
00 $3,324,946 92
00 213,247 68
$291,388,902 00 $3,111,699 24
00 $177,100 61
00 580,244 25
00 $757,344 86
00 556,457 76
00 $200,887 10
00 61,451 07
Net amount in force,
Miscellaneous.
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Schedule A. Stocks and Bonds owned by the
Bank Stocks. Book Value.
919 shares Can. B'k of Com., Toronto, Can., . $65,130 00
300 " Dominion Sav. & Invest. Co., . . 11,250 00
Miscellaneous Stocks.
1,992 shares Can. Perm. Mtge. Corp'n, .' . 20,942 85
Government Bonds.
Canada 3^s, 1913, 67,637 25
State and Municipal Bonds.
Cobourg, Ont., 4s, 1924-27,
Columbus, O., 4£s, 1909, .
Georgia 3£s, 1933,
Kingston, Ont., 4^s, 1926,
Kingston, Ont., 4s, 1922-23,
London, Ont., 4s, 1911,
1,487,267 00 $139,436 03
. $2,906,951 00
387,284 00
Company.
Rate. Market Value.
176 $80,872 00
70 10,500 00
125
98
95i
100|
107f
103£
97i
99^
26,407 53
54,500 00
11,000 00
24,555 66
28,401 87
41,880 00
24,900 00
64,043 00
23,812 50
50,437 50
10,775 00
21,992 25
25,965 75
39,800 00
494
WESTERN ASSURANCE CO.
Los Angeles, Cal., 3fs, 1922-43,
Manitoba 4s, 1930, .
Montreal, Que., 4s, 1922, .
Montreal, Que., 4s, 1924, .
New York, N. Y., 3£s, 1919,
New York, N. Y., 4s, 1955,
Portland, Ore., 5s, 1923,
Portland, Ore., 6s, 1921,
Portland, Ore., 4s, 1933,
Richmond, Va., 4s, 1921,
Stayner, Ont., 4s, 1913-28
Toledo, O., 4s, 1944,
Winnipeg, Man., 4s, 1913,
Winnipeg, Man.
Winnipeg, Man.
4s, 1920,
5s, 1910,
Railroad Bonds
Canadian Northern 4s, 1919,
Canadian Northern 4^s, 1911,
Chicago, Mil. & St. Paul 4s, 1989,
Kingston & Pembroke 3s, 1912,
Manitoba & South Eastern 4s, 1929,
Niagara, St. Catherine & Toronto 5s, 1929,
Rochester, N. Y., 5s, 1930,
Miscellaneous Bonds.
Central Can. Loan & Savings Co. 4s, 1905,
Mathews Steamship Co. 5s, 1912-16, .
Provincial Lt., Heat & Power Co. 5s, 1946,
Toronto Loan & Savings Co. 4s, 1907,
Book Value.
S113,591 51
64,414 08
10,965 00
39,679 20
151,398 75
108,294 00
35,737 50
6,433 33
14,613 33
43,522 50
17,617 91
57,187 50
14,548 80
16,587 62
11,238 00
50,000 00
49,005 00
8,820 00
44,767 84
104,633 33
24,875 00
21,300 00
300,000 00
24,750 00
103,500 00
72,500 00
$1,861,685 36
Rate.
98
100f
98^
99
96i
102i
113
120
lOlf
10H
94
103|
99£
99
102
100
98
106i
89
100
100
108
100
100
95
100
Market Value.
$107,800 00
60,375 00
9,850 00
35,640 00
135,712 50
102,125 00
33,900 00
6,000 00
15,262 50
42,472 50
15,202 09
51,937 50
13,930 00
15,840 00
10,200 00
50,000 00
49,000 00
8,490 00
44,500 00
97,332 00
25,000 00
21,600 00
300,000 00
25,000 00
95,000 00
72,500 00
1,797,767 09
AGGREGATE.
495
AGGREGATE.
Deposit capital,
Admitted assets,* ........
Liabilities,! • • •
Income.
Net fire premiums, ........
Net marine and inland premiums, .....
Interest, ..........
All other sources, . . . . ...
Total income, ........
Disbursements.
Net amount paid for fire losses, ......
Net amount paid for marine and inland losses,
Net amount paid for commissions and brokerage on premiums,
Net amount paid for salaries of officers and employees,
Net amount paid for State and local taxes, ....
Net amount paid for all other items, .....
Total disbursements, .......
Miscellaneous.
Net fire risks outstanding,
Net marine risks outstanding at end of year,
Fire losses incurred during the year, .....
Marine losses incurred during the year, ....
$8,100,000
96,400,015
71,584,245
70,456,405
4,484,906
2,980,574
60,355,023
$138,276,908
,760,168
2,192,260
16,372,318
3,499,697
1,724,443
14,837,389
$128,386,275
1,460,154,336
95,746,557
94,988,170
2,136,850
* Immediately available for the payment of losses in this State.
t Not including liabilities in States wherein special deposits have been made.
496
AMERICAN INSURANCE CO.
APPENDIX.
AMERICAN INSURANCE COMPANY, BOSTON.
Incorporated, June 12, 1818. Commenced business, June 18, 1818.
Paid-up Capital, S300.000.
FRANCIS PEABODY, President. HENRY S. BEAN, Secretary.
Home Office, 30 Kilby Street.
Income.
Gross fire premiums,
Net marine premiums, ......
Interest on mortgage loans, $1,286.27; stocks and bonds
309.04; all other, $947.28, ....
Profit on sale or maturity of ledger assets,
Borrowed money, .......
Gross commissions on reinsurance and return premiums,
Total income, ......
Ledger assets, Dec. 31, 1905, .....
Total,
Disbursements.
Net amount paid for fire losses,
Reinsurance and return premiums on fire risks,
Interest and dividends to stockholders, .
Commissions or brokerage, ....
Contingent commissions to agents, .
Salaries, fees, etc., of officers and employees,
Rents,
Taxes and fees,
Loss on sale or maturity of stocks and bonds,
Advertising, office supplies, printing and stationery, etc.,
Legal expenses,
Maps and corrections,
Postage, telegrams, etc.,
Traveling expenses,
Underwriters' boards,
All other disbursements,
Total disbursements,
Balance,
$18,-
Mortgages, .
Stocks and bonds (schedule A),
Ledger Assets.
,461 79
S40 67
20,542 59
16,315 12
98,187 52
100,881 75
$525,229 44
769,984 49
$1,295,213
93
8378,176
51
466,152
01
12,000
00
57,496
07
9,325
18
25,326
45
2,140 00
12,904 49
11,725
50
3,598
12
1,500
00
1,152
46
573
44
13,292
03
1,319
88
11,929
27
$1,008,611
41
$286,602 52
$20,000 00
249,5S3 43
AMERICAN INSURANCE CO.
497
Cash in banks and office, .....
Agents' balances, .......
Cash in hands of T. J. Coogan, attorney, .
Boston department brokerage account, .
Total ledger assets, .....
Non-Ledger Assets.
Interest accrued : —
On mortgages, $295.12; bonds, $1,940, .
Gross assets, .......
Assets not admitted.
Agents' debit balances over three months due, .
Cash in hands of T. J. Coogan, attorney, .
Boston department brokerage account,
Book value of stocks and bonds over market value, .
Market value of bonds deposited with Fidelity and
Deposit Co. as collateral, .....
Total unadmitted assets, ....
$7,482 23
6,660 06
2,870 00
6 80
$286,602 52
2,235 12
$288,837 64
59,247 68
2,870 00
6 80
3,853 43
2,110 00
Total admitted assets,
Liabilities.
Unpaid losses, .....
Less reinsurance, .....
Unearned premiums on outstanding risks,
Salaries and other miscellaneous expenses, due
Borrowed money, .....
Interest due on borrowed money, .
All liabilities, except capital and surplus,
Paid-up capital, .....
Impairment of capital, ....
Surplus to policy holders,
18,087 91
$270,749 73
or accrued,
$169,497 79
26,769 10
Total liabilities,
Fire risks outstanding Dec. 31, 1905,
Fire risks written during 1906,
$142,728 69
705 20
2,481 15
98,187 52
1,213 61
$245,316 17
25,433 56
$270,749 73
Risks and Premiums.
Premiums.
$86,236,991 00 $1,070,518 29
22,303,217 00 288,461 79
$300,000 00
274,566 44
Total, ....
Fire risks expired and terminated,
In force at end of year, .
Amount reinsured,
Net amount in force,
Marine risks written during 1906,
Marine risks expired and terminated,
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year,
$108,540,208 00 $1,358,980 08
61,220,087 00 808,180 99
$47,320,121 00 $550,799 09
47,219,663 00 549,465 50
$100,458 00
$86,500 00
86,500 00
$1,333 59
$1,117 73
1,117 73
$16,492,994 00
. 10,254,194 00
. 484,777 00*
* Company makes these figures on basis of amount paid on its compromise settlements with
San Francisco claimants.
498
GLOUCESTER MUTUAL FISHING INSURANCE CO.
Cash dividends declared from organization of company,
Company's stock owned by directors, ....
Dividends declared during the year (4 per cent.);
Schedule A. Stocks and Bonds owned by the
Railroad Stocks.
124 shares Old Colony, ....
Bank Stocks.
122 shares Old Boston National, Boston,
28 " Tremont Nat'l, Boston (liquidating),
Miscellaneous Stocks.
10 shares Claverly Trust,
100 " Pemberton Building Trust,
Municipal Bonds.
Boston, Mass., 3£s, 1923, ....
Boston, Mass., 3£s, 1944, ....
Boston, Mass., 3^s, 1933, ....
Railroad Bonds.
Boston Terminal 3£s, 1947,
Ft. Street (Detroit) Union Depot 4|s, 1941,
Terminal Association, St. Louis, 5s, 1944, .
Terminal Association, St. Louis, 4s, 1953, .
"Wabash-Pittsburg Terminal 4s, 1954, .
Miscellaneous Bonds.
American Telephone & Telegraph 4s, 1929,
Central Union Telephone 5s, 1919,
Book Value.
$12,400 00
12,200 00
980 00
5,000 00
10,300 00
86,082 18
32,000 00
5,000 00
22,092 00
7,531 00
4,432 00
9,280 00
4,175 00
13,026 25
25,085 00
$249,583 43
. $2,970,000 00
78,400 00
12,000 00
Company.
Rate. Market Value.
198 $24,552 00
109
90
65
97
95
96
105£
102
117£
95
80
90
95
13,298 00
4,500 00
6,500 00
82,450 00
30,400 00
4,800 00
21,100 00
7,140 00
4,690 00
8,550 00
3,200 00
10,800 00
23,750 00
$245,730 00
GLOUCESTER MUTUAL FISHING INSURANCE COMPANY,
GLOUCESTER.*
Incorporated, 1847. Commenced business, 1847.
DAVID S. PRESSON, President. FRANCIS BENNETT, Secretary.
Office, 193 Main Street.
Income.
Net premiums, ' $46,605 08
Interest, .... . ... 136 48
Borrowed money, . . 20,163 80
From all other sources, ........ 163 03
Total income, .....
Ledger assets, Dec. 31, 1905, .
Total, ........
Disbursements.
Net amount paid for losses, ....
Salaries, fees, etc., of officers and employees,
Rents, .......
Taxes and fees, . . .
Borrowed money repaid, . . . .
Interest, .......
$67,068 39
35,017 03
$102,085 42
$36,365 42
4,557 34
956 20
341 74
10,000 00
400 90
* The stock is subscribed annually, in November, in shares of $1,000 each, for which a stock
note is given of $200 per share, upon which all assessments are made. Each subscriber is re-
quired to insure vessel property to at least seven-eighths of the amount of stock taken by him.
No vessels are insured except Gloucester fishing vessels. No one risk exceeds $14,000. All risks
terminate on the fifteenth day of November of each year, and each year's business is settled at
the close of the year. This statement covers the transactions of the company for the year end-
ing Nov. 15, 1906. Premiums commence in November at 9 per cent., and decrease as the season
advances to 4 per cent., which is the lowest premium.
GLOUCESTER MUTUAL FISHING INSURANCE CO.
499
Discount, ........
All other disbursements, .....
Total disbursements, .....
Balance, .......
Ledger Assets.
Cash in banks and office, . . . .
Assessments in process of collection,
Deposited in court in lieu of bond, ....
Total ledger assets, .....
Assets not admitted.
Deposited in court in lieu of bond, ....
Total admitted assets, .....
Liabilities.
Unpaid losses, . .....
Salaries and other miscellaneous expenses, due or accrued,
Borrowed money, .......
All liabilities, except surplus, .....
Surplus, ........
Total liabilities,
Risks and Premiums.
$798 85
589 08
Marine risks written during 1906, .
Marine risks expired and terminated,
Miscellaneous.
Marine losses incurred during the year, .
Amount.
11,144,206 00
1,144,206 00
$54,009 53
$48,075 89
$6,684 95
34,890 94
6,500 00
$48,075 89
6,500 00
$41,575 89
$7,312 09
466 05
20,275 80
$28,053 94
13,521 95
$41,575 89
Conting't Prem's.
$85,471 70
85,471 70
$42,091 00
REPORT
OF THE
MASSACHUSETTS DISTRICT POLICE,
FIRE INSPECTION DEPARTMENT,
FOR THE
Year ending Dec. 31, 1906.
tifommanfoeallj} of ^RBSufymtttB.
Office of the Chief of the District Police,
State House, Boston, Mass., July 10, 1907.
Frederick L. Cutting, Insurance Commissioner, Commonwealth of Massa-
chusetts.
Dear Sir : — I have the honor to submit, in compliance with the
law, the third annual report of this office, on fires, as follows : —
The total number of fires throughout the State during the year
1906 was 4,822, of which 3,527 were in frame buildings, 1,190 in
brick or stone buildings, and 105 other than building fires. The
loss on the same was $6,081,176 ; the sound value of the property
damaged by fire was $144,588,140 ; amount of insurance at risk on
same, $115,230,599; insurance loss paid on same, $5,195,978. Of
the total number of fires, 153, or 3.17 per cent., were of incendiary
origin. The total sound value of property damaged by incendiary
fires was $1,079,244 ; total insurance on same, $910,241 ; total loss,
$479,126 ; and the insurance loss was $430,160.
There were 604 fires of unknown origin. The total sound value
of property damaged by such fires was $18,873,838 ; the total amount
of insurance on same was $12,669,607 ; total loss, $1,271,569; in-
surance loss, $1,140,821.
The total number of fires in the city of Boston during the year
was 1,352, of which 617 were in frame buildings, 717 in brick or
stone buildings, and 18 were other than building fires. The total
value involved in Boston fires was $25,407,459 ; insurance thereon,
$23,048,639; total amount of loss, $1,331,824; total insurance loss,
$1,271,329. Of the total number of fires in Boston, 12, or .88 per
cent., were incendiary. The total valuation of the property damaged
by these fires was $164,200; total amount of insurance on same,
$150,350; total loss, $8,866 ; total insurance loss, $8,616.
The causes of 186 of the Boston fires were unknown. The total
valuation of the property so damaged was $9,329,680; insurance
on same, $5,288,714; total loss, $358,176; total insurance loss,
$336,510.
The total number of fires in the State, outside of Boston, was
3,470. Total valuation of property damaged, $119,314,790; total
504 REPORT OF THE
insurance on same, $92,181,960 ; total loss, $4,749,352; total in-
surance loss, $3,923,649.
Of these fires, 2,910 were in frame buildings, 473 in brick or stone
buildings, and 87 were other than building fires.
Of these fires, 141, or 3.31 per cent, of the total number, were of
incendiary origin. The total valuation of property damaged by
these fires was $915,044 ; insurance on same, $759,891 ; loss,
$470,260; insurance loss, $421,544.
Of the fires in the State, outside of Boston, 418 were of unknown
origin. The valuation of the property so damaged was $9,544,158 ;
insurance on same, $7,380,893; loss, $911,380; insurance loss,
$804,266.
Of the incendiary fires in the city of Boston, 1 was caused for the
purpose of obtaining insurance, 3 were caused by malice, 1 was set
by tramp, and the causes of 7 were unknown.
Of the incendiary fires occurring in the State, outside of Boston,
11 were caused for the purpose of obtaining insurance, 20 from
malice, 2 to cover theft, 2 for revenge, 1 by pyromaniac, 16 by
tramps, 6 by intoxicated persons, 5 by insane persons, and the
causes of 78 were unknown.
The total number of arrests for burning and arson for 1906 was
<o6. There have been 47 convictions. Percentage of convictions
to arrests, 71.
A fire occurred on the 3d of December, 1906, at the factory of
the Standard Extract Company in Saugus, the report of which
reached the office too late to be included in the statistics of fires
for the year. Cause of fire unknown ; value of the building, $9,000 ;
value of contents, $12,992 ; insurance on building and contents,
$18,500; loss, $14,909.17; insurance loss, $13,934.97.
On April 4, 1907, the department met a severe loss in the death
of my predecessor, Joseph E. Shaw, who had been connected with
the department since 1883. He served faithfully in the criminal
department for years, and then was appointed deputy fire marshal
and afterwards held the position of chief of this department. Dur-
ing Mr. Shaw's service he proved to be a faithful, energetic and
conscientious public officer.
Very respectfully submitted,
J. H. WHITNEY,
Chief, Massachusetts District Police.
INSURANCE COMMISSIONER.
505
Statistics of Fires in Massachusetts in 1906.
The following table shows the number of fires occurring in the
'Cities and towns of the Commonwealth, the character of the build-
ing in which they originated (whether brick, stone, or frame), and
the total valuation, total insurance at risk, total loss, and total in-
surance loss during the year.
Table No. 1. — Showing Number of Fires, Character of Building,
Loss, etc.
PLACE.
Abington, .
Acton,
Acushnet, .
Adams,
Agawam, .
Alford,
Amesbury,
Amherst, .
Andover, .
Arlington,
Ashburnham,
Ashby,
Ashfield, .
Ashland, .
Atnol,
Attleborough,
Auburn,
Avon,
Ayer,
Barnstable,
Barre,
Becket,
Bedford,
Belchertown,
Bellingham,
Belmont, .
Berkley,
Berlin,
Bernardston,
Bevekly, .
Billerica, .
Blackstone,
Blandford,
Bolton,
Boston, .
Bourne,
Boxborough,
Boxford, .
Boylston, .
Braintree,
Number of Fires
6
6
-
-
-
None.
1
-
-
1
2
1
-
3
2
-
-
2
_
_
_
None.
6
-
-
6
11
1
-
12
8
3
-
11
9
-
-
9
3
_
_
3
4
-
1
5
-
-
-
None.
4
-
-
4
9
-
-
9
18
1
1
20
4
-
-
4
4
-
-
4
3
-
-
3
1
-
-
1
6
3
_
9
3
-
-
3
3
-
3
6
3
-
-
3
1
-
-
1
5
_
_
5
1
-
-
1
4
-
-
4
-
-
-
None.
12
-
-
12
2
_
2
4
3
-
-
3
1
-
-
1
2
1
-
3
617
717
18
1,352
3
_
_
3
1
-
-
1
-
-
-
None.
—
—
—
None.
18
—
1
19
Total Value
involved
Fires.
Total
Insurance
thereon.
$46,511
8,500
1217,250
1,900
53,800
45,925
683,175
33,000
2,475
12,000
9,900
62,350
715,034
23,700
25,200
7,200
150
24,600
3,000
7,500
5,300
1,300
12,380
400
6,800
63,200
2,825
7,800
2,300
4,175
25,407,459
88,497
6,000
166,050
Total Loss
thereon.
$37,656
7,000
974000
2,200
33,250
32,950
594,199
31,065
1,550
5,050
6,500
53,100
321,480
11,800
15,050
4,850
17,950
400
2,000
2,500
825
11,200
400
2,850
37,700
1,800
4,800
1,200
600
23,048,629
56,800
5,300
146,810
Total
Insurance
Loss
thereon.
$11,161
17
12,162
1,900
21,465
7,770
34,907
8,518
1,000
1,470
4,290
7,698
85,745
23,700
7,400
3,890
150
10,272
2,300
2,300
5,300
1,250
3,715
400
6,070
9,030
3,000
2,300
2,300
3,275
1,331,824
78,366
4,439
41,129
$11,111
17
10,112
1,600
15,415
5,305
30,431
8,518
525
40
2,590
7,508
84,625
11,800
7,100
3,140
8,209
400
750
2,500
825
3,685
400
2,505
7,805
1,800
1,900
1,200
600
1,271,329
48,485
4439
36,444
506
REPORT OF THE
Table No. 1. — Showing Number of Fires, etc. — Continued.
Number of Fires —
Total Value
Total
Insurance
thereon.
6
a
o
u
o
"3
Total
PLACE.
M .
*•-
involved
in
Fires.
Total Loss
thereon.
Insurance
Loss
thereon.
M
a be
13
S
*E
o
fc
W
o
H
Brewster, .
None.
_
Bridgewater,
11
-
-
11
$258,286
$247,750
$7,794
$6,049
Brimfield, .
3
-
-
3
14,600
6,200
11,725
5,125
Brockton,
161
15
-
176
3,016,222
2,138,403
44,200
37,188
Brookfield,
4
-
-
4
10,100
5,400
6,409
2,909
Brookline,
18
7
_
25
488,200
213,200
38,781
38,701
Buckland,
-
-
-
None.
-
-
-
-
Burlington,
-
-
-
None.
-
-
-
-
Cambridge,
118
16
2
136
913,777
754241
93,997
79 178
Canton,
7
-
-
7
8,700
6,700
2,783
2,288
Carlisle,
_
_
1
1
637
_
205
_
Carver,
1
-
1
2
3,300
1,100
2,700
1,100
Charlemont,
1
-
-
1
6,883
4550
5,713
4,550
Charlton, .
3
-
-
3
6,585
2,112
6,534
2,112
Chatham, .
1
-
-
1
200
300
150
150
Chelmsford,
4
_
_
4
11,650
8,300
9,875
5,525
Chelsea, .
75
15
3
93
628,191
524531
334723
277,477
Cheshire, .
2
-
-
2
1,900
-
1,800
-
Chester,
3
-
-
3
2,245
700
2,145
700
Chesterfield,
1
-
-
1
500
400
130
130
Chicopee,
21
13
1
35
5,853,053
5,062,119
31,221
28,730
Chilmark, . .
-
-
-
None.
-
-
-
-
Clarksburg,
-
-
-
None.
-
-
-
-
Clinton,
6
-
-
6
17,600
12,800
535
520
Cohasset, .
1
-
-
1
12,000
10,000
8,400
8,400
Colrain,
_
_
_
None.
_
_
-
-
Concord, .
1
-
-
1
14,200
23,300
285
285
Conway,
-
-
-
None.
-
-
-
-
Cottage City,
1
-
-
1
700
400
525
400
Cummington,
~
-
-
None.
-
-
—
—
Dalton,
_
_
_
None.
_
-
-
-
Dana,
_
-
1
1
500
-
200
-
Danvers, .
6
-
-
6
15,100
9,360
2,676
2,396
Dartmouth,
2
-
-
2
1,300
1,600
1,300
800
Dedham, .
9
-
-
9
85,195
67,750
7,756
6,956
Deerfield, .
1
_
_
1
1,500
800
800
500
Dennis,
2
_
_
2
1,100
600
925
500
Dighton, .
5
1
_
6
94,703
135,065
88,971
87,442
Douglas, .
3
-
-
3
74100
42,400
42,031
39,458
Dover,
1
-
-
1
5,500
5,550
5,500
5,050
Dracut, .
2
_
_
2
5,000
2,900
4600
2,900
Dudley,
2
-
-
2
3,042
2,200
1,843
1,843
Dunstable,
-
-
-
None.
—
-
-
—
Duxbury, .
1
-
-
1
1,700
1,700
350
350
East Bridgewater,
7
-
-
7
16,380
10,300
7,930
3,525
Eastham, .
_
_
_
None.
_
-
-
-
Easthampton,
6
3
-
9
1,616,750
892,400
5,219
2,907
East Longmeadow,
3
-
-
3
4268
2,650
4268
2,650
Easton,
2
1
-
3
119,500
51,400
23,051
22,426
Edgartown,
-
-
-
None.
-
-
-
~
Egremont,
2
-
-
2
3,560
2,000
85
25
Enfield, .
-
-
—
None.
-
-
-
-
Erving,
-
-
-
None.
-
-
—
—
Essex,
-
—
-
None.
—
—
—
—
Everett, .
28
2
-
30
151,625
110,150
15,319
14,949
INSURANCE COMMISSIONER.
507
Table No. 1. — Shoiving Number of Fires, etc. — Continued.
PLACE.
Fairhaven,
Fall River,
Falmouth,
FlTCHBTJRG,
Florida,
Foxbo rough,
Framingham,
Franklin, .
Freetown,
Gardner, .
Gay Head,
Georgetown,
Gill, .
Gloucester,
Goshen,
Gosnold, .
Grafton,
Granby,
'Granville, .
Great Barrington
Greenfield,
Greenwich,
Groton,
Groveland,
Hadley,
Halifax,
Hamilton,
Hampden,
Hancock, .
Hanover, .
Hanson,
Hard wick,
Harvard, .
Harwich, .
Hatfield, .
Haverhill,
Hawley,
Heath,
Hingham, .
Hinsdale, .
Holbrook,
Holden,
Holland, .
Holliston, .
Holyoke,
Hopedale,
Hopkinton,
Hubbardston,
Hudson,
Hull,
Huntington,
Hyde Park,
Ipswich,
Kingston, .
Lakeville, .
Number of Fires-
2
47
4
36
5
2
4
1
70
1
1
2
4
41
2
5
2
11
12
24
6
2
pq
9
PQ .
® be
■3.9
26
18
47
2
74
4
44
None.
13
27
11
None.
9
None.
1
1
38
None.
None.
3
1
1
4
2
1
None.
1
1
1
None.
2
None.
5
2
None.
4
1
90
None.
1
2
2
1
None.
4
94
5
5
2
12
12
None.
25
7
2
None.
Total Value
involved
Fires.
$2,100
15,573,353
3,500
1,112,330
23,565
153,387
98,030
21,350
3,500
7,770
445,199
9,100
1,700
1,700
19,380
187,550
7,000
1,100
4,900
650
7,500
5,350
53,223
10,500
2,490
450
786,961
3,400
900
2,650
7,850
7,500
2,300
3.716,220
39,800
11,803
6,300
46,900
62,008
165,357
141,900
4,300
Total
Insurance
thereon.
Total Loss
thereon.
$500
13,434,652
900
816,700
9.200
119,350
50,900
14,200
1,650
4,000
383,595
5,500
1,000
1,100
10,000
142,700
5,100
850
4800
3,300
3,500
43,037
9,000
1,600
350
593,576
1,450
300
1,250
6,736
4,000
1,000
2,748,835
37,000
9,900
4400
26,350
39,850
123,100
91,500
2,700
$2,080
135,110
3,115
11.593
13,305
51,674
75,407
10,610
3,500
6,564
102,680
8,138
76
1,700
7,950
8,066
6,150
1,100
4900
650
7,500
5,350
48,209
393
2,390
400
55,997
3,300
25
1,200
2,780
40
700
107,128
157
9,818
5,021
5,090
21,025
27,861
18,531
3,450
Total
Insurance
Loss
thereon.
508
REPORT OF THE
Table No. 1. — Showing Number of Fires, etc. — Continued.
PLACE.
Lancaster,
Lanesborough,
Lawrence,
Lee, .
Leicester, .
Lenox,
Leominster,
Leverett, .
Lexington,
Leyden,
Lincoln,
Littleton, .
Longmeadow,
Lowell, .
Ludlow,
Lunenburg,
Lynn,
Lynnfield,
Malden, .
Manchester,
Mansfield,
Marblehead,
Marion,
Marlborough,
Marshfield,
Mashpee, .
Mattapoisett,
Maynard, .
Medfield, .
Medford, .
Med way, .
Melrose, .
Mendon,
Merrimac,
Methuen, .
Middleborough ,
Middlefield,
Middleton,
Milford,
Millbury, .
Millis,
Milton,
Monroe,
Monson, .
Montague,
Monterey,
Montgomery,
Mt. Washington
Nahant,
Nantucket,
Natick,
Needham, .
New Ashford,
New Bedford,
New Braintree,
Number of Fires —
94
5
3
2
2
91
5
5
148
75
3
M .
| u
17
O
H
3
None.
Ill
5
3
None.
21
None.
10
None.
None.
2
2
121
5
5
169
None.
78
None.
12
9
1
None.
1
5
1
49
6
20
None.
1
12
None.
3
22
7
3
7
1
6
5
2
2
None.
1
2
24
8
None.
49
- I None.
Total Value
involved
Fires.
$31,640
3,452,226
12,500
16,275
135,145
17,310
4,900
20,500
19,453,034
18,900
3,600
2,741,065
368,755
45,850
43,400
3,000
18,450
2,042
300
17,580
13,000
412,700
6,490
115,582
42,000
419,766
75,650
20,965
391,135
170,380
6,975
42,745
1,080
61,336
319,550
1,700
350
1,200
1,600
129,450
74,230
16,065,599
Total
Insurance
thereon.
$25,240
2,673,700
6,900
10,375
110,700
1,000
3,300
12,500
15,525,121
13,250
1,900
2,456,858
272,950
26,900
40,000
800
13,500
275
150
12,800
7,100
359,250
5,050
97,550
36,500
50,100
46,500
16,100
349,580
82,400
5,500
23,150
500
51,900
301,500
800
1,125
500
111,000
65.200
12,312,948
Total Loss
thereon.
Total
Insurance
Loss
thereon.
$29,590
53,201
2,919
15,825
9,647
728
4300
14789
68,525
18,275
3,300
519,067
92,675
22,128
2,724
2,500
3,351
1,777
300
3,766
400
9,151
2,683
34624
2,400
11,368
16,170
18,615
49,053
17,055
6,750
11,120
1,020
8,667
2,008
750
290
425
870
10,121
24570
64,662
$25,240
43,807
1,807
10,375
8,697
60
3,000
11,545
66,300
13,250
1,500
463,388
68,192
16,127
2,224
800
3,201
10
150
3,136
400
6,787
2,070
31,104
2,400
8,642
8,870
14,050
49,053
16,175
5,500
9,340
500
8,531
1,708
50
425
150
8,746
24,090
47,370
INSURANCE COMMISSIONER.
509
Table No. 1. — Showing Number of Fires, etc. — Continued.
PLACE.
Newbury, .
Newburtport, .
New Marlborough,
New Salem,
Newton, .
Norfolk,
North Adams, .
Northampton, .
North Andover,
North Attleborough,
Northborough,
Northbridge,
North Brookfield
Northfield,
North Reading,
Norton,
Norwell,
Norwood,
Oakham,
Orange,
Orleans,
Otis,
Oxford,
Palmer,
Paxton,
Peabody,
Pelham,
Pembroke,
Pepperell,
Peru,
Petersham,
Phillipston,
Pittsfield,
Plainfield,
Plain ville,
Plymouth,
Plympton,
Prescott, .
Princeton,
Provincetown,
Quincy,
Randolph,
Raynham,
Reading, .
Rehoboth,
Revere,
Richmond,
Rochester,
Rockland,
Rockport,
Rowe,
Rowley,
Royalston,
Russell,
Rutland, .
Number of Fires —
1
60
2
21
24
4
3
17
1
4
5
11
2
6
36
5
1
13
20
2
6
1
3
M .
e3 *h
o> be
■S.S
o
None.
4
None.
1
64
2
26
25
6
3
9
None.
None.
None.
1
None.
2
9
2
None.
None.
3
4
None.
17
1
4
5
None.
4'
1
9
None.
2
12
None.
None.
2
6
36
5
1
14
None.
20
2
None.
6
1
None.
2
7
None.
None.
Total Value
involved
in
Fires.
Total
Insurance
thereon.
$11,750
900
453,540
1,400
540,750
183,384
57,382
9,900
12,457
3.500
2,050
47,013
2,400
95,200
7,850
1,156,500
407,501
1,000
7,275
29,325
5,827
100
635,878
1,850
46,858
6,900
9,030
126,894
20,350
600
68,350
51,835
3,300
44,900
2,700
11,850
3,050
$8,175
400
351,495
1,150
426,476
144,050
59,900
6,450
4,900
1,025
39,850
1,700
78,800
3,450
911,700
334,850
600
5,900
12,100
2,150
567,325
600
31,100
4,500
7,900
88,900
11,600
400
54,100
31,600
950
34,600
2,000
7,200
800
Total Loss
thereon.
$1,804
900
35,825
1,400
15,694
16,479
47,179
2,950
11,610
3,500
2,050
4695
1,400
19,096
7,100
746
193,463
27
5,240
19,315
5,827
100
18,663
1,800
9,077
6,900
1,310
13,151
3,477
600
13,130
11,635
3,100
15,825
135
11,850
520
Total
Insurance
Loss
thereon.
510
REPORT OF THE
Table No. 1. — Showing Number of Fires, etc. — Continued.
PLACE.
Salem,
Salisbury, .
Sandisfield,
Sandwich,
Saugus,
Savoy,
Scituate, .
Seekonk, .
Sharon,
Sheffield, .
Shelburne,
Sherborn, .
Shirley,
Shrewsbury,
Shutesbury,
Somerset, .
SOMERVTLLE,
Southampton,
Southborough,
Southbridge,
South Hadley,
Southwick,
Spencer,
Springfield,
Sterling,
Stockbridge,
Stoneham,
Stoughton,
Stow,
Sturbridge,
Sudbury, .
Sunderland,
Sutton,
Swampscott,
Swansea, .
Taunton,
TempletoD,
Tewksbury,
Tisbury, .
Tolland, .
Topsfield, .
Townsend,
Truro,
Tyngsborough,
Tyringham,
Upton,
"Oxbridge, .
Wakefield,
Wales,
Walpole, .
Waltham,
Ware,
Wareham,
Warren,
Warwick, .
Number of Fires —
54
1
2
4
9
pq .
S is
a i.
a> bo
O
o
EH
32
59 j
1
2 I
4 I
9 ;
None.
1 I
4
5 i
1
1
2
i
None.
2
87
2
None.
6
4
3
5
101
4
2
10
2
None.
3
2
1
None.
10
2
60
2
4
1
None.
None,
3
2
1
1
1
10
7
None.
3
48
8
6
7
None.
Total Value
involved
Fires.
$1,922,681
150
1,500
3,650
40,330
2,500
3,805
76,350
700
11,700
5,900
3,825
10,500
6,900
452,715
7,800
21,250
10,700
5,875
19,450
1,942,268
21,657
6,350
19,335
7,600
3,450
8,800
4400
32,415
680
19,748,703
8,200
6,775
1,100
5,425
1,575
200
9,000
900
81,725
41,250
24850
1,421,700
14,690
28,300
95,000
Total
Insurance
thereon.
Total Loss
thereon.
Total
Insurance
Loss
thereon.
$1,521,194
100
500
1,800
30,661
1,200
2,990
38,200
450
5,300
3,900
1,900
3,100
4,550
332,750
2,800
17,700
7,800
2,500
3,350
1,764,500
12,100
3,000
13,700
5,250
2,325
5,900
2,900
19,800
700
13,427,410
3,000
4300
500
3,800
600
68,750
34,850
18,800
1,222,929
10,935
17,600
87,248
$57,688
150
1,400
2,455
27,153
100
3,805
43,815
700
8,500
1,325
1,870
8,750
6,300
48,170
6,800
635
3,570
3,405
13,025
126,590
20,672
5,550
4763
5.400
590
8,800
4400
2,524
680
59,520
904
4,375
850
1,225
1,575
200
9,000
900
48,580
' 6,972
13,559
30,633
4,315
15,253
8,333
$54596
100
500
1,600
23,943
100
2,790
27,445
450
4900
1,325
1,145
2,150
4550
45,176
2,800
635
2,970"
1,330
1,325
124467
12,100
3,000
3,983
2,250
465
5,900
2,900
2,454
650
54765
304
3,300
500
425
600
34,105
6,772
10,559
26,426
4,065
7,378
6,556
INSURANCE COMMISSIONER.
511
Table No. 1
.
Showing
Number of Fir
es, etc. —
Concluded.
Nun
ber of Fires —
Total Value
involved
in
Fires.
Total
Insurance
thereon.
Total Loss
thereon.
PLACE.
«5
§
co
u
o
s
'3
M .
a a,
S H
A V*
Total
Insurance
Loss
thereon.
9
i
Eh
<u be
49
o
&H
M
o
H
Washington,
None.
_
_
_
_
Watertown,
18
2
l
21
$196,098
$157,450
$16,516
$16,371
Wayland, .
1
-
-
1
1,050
850
1,050
850
Webster, .
14
1
2
17
91,151
195,850
6,611
6,056
Wellesley,
2
-
-
2
4,850
3,000
4,250
2,300
Wellfleet, .
_
_
2
2
350
-
350
-
Wendell, .
1
-
-
1
550
200
550
200
Wenham, .
3
-
-
3
16,650
8,500
16,650
8,500
Westborough,
5
-
-
5
23,100
3,150
17,725
2,450
West Boylston, .
-
-
-
None.
-
■"
"
—
West Bridgewater,
-
-
-
None.
-
-
-
-
West Brookfield,
-
-
-
None.
-
-
-
-
Westfield, .
—
-
-
None.
-
-
—
-
Westford, .
2
-
-
2
3,100
1,900
1,160
760
Westhampton, .
1
-
-
1
600
300
600
300
Westminster,
1
_
_
1
600
200
600
200
West Newbury, .
-
-
-
None.
—
—
-
—
Weston,
8
-
1
9
66,810
32,800
42,265
16,255
Westport, .
3
-
-
3
3,750
2,000
1,875
1,100
West Springfield,
14
1
-
15
108,641
84,800
11,088
8,258
West Stockbridge,
-
-
-
None.
-
-
-
-
West Tisbury, .
-
-
-
None.
—
—
—
—
Westwood,
3
-
1
4
39,000
29,200
2,750
1,700
Weymouth,
8
-
-
8
19,900
8,850
13,587
4 937
Whately, .
1
-
-
1
7,171
3,800
6,341
3,800
Whitman,
1
1
_
2
84,289
82,725
52,651
52,651
Wilbraham,
2
-
-
2
5,500
5,100
5,000
5,000
Williamsburg,
1
-
-
1
2,000
1,000
25
25
Williamstown, .
1
-
-
1
350
650
100
100
Wilmington,
2
-
-
2
3,000
1,350
2,650
1,350
Winchendon,
4
_
_
4
6,750
3,600
5,808
3,558
Winchester,
14
1
-
15
80,900
43,200
16,503
12,935
Windsor, .
-
-
-
None.
-
-
-
—
Winthrop,
14
1
-
15
56,510
42,750
2,213
1,588
Wobxjrn, .
19
-
1
20
111,215
85,750
65,566
59,431
Worcester,
244
84
4
332
3,655,778
2,744,413
143,835
133,376
Worthington,
-
-
-
None.
-
-
-
-
Wrentham,
3
-
-
3
10,125
6,925
1,070
750
Yarmouth,
4
-
-
4
1,585
1,250
1,576
1,250
Totals,
3,527
1,190
105
4,822
$144,588,140
$115,230,599
$6,081,176
$5,195,978
512
REPORT OF THE
Table No. 2. — Fires classified by Causes, Number of Fires from Each-
Cause, Valuation, Insurance, Loss, and Insurance paid.
Number
CAUSE OF FIRE.
of
Fires.
Valuation.
Insurance.
Loss.
Paid.
Unknown, ......
604
$18,873,838
$12,669,607
$1,271,569
$1,140,821
Incendiary, ......
125
1,079,244
910,241
479,126
430,160
Boiling over of fat, etc.,
50
1,109,475
960,051
18,255
17,605
Burning soot, . .
26
110,150
105,200
3,457
2,222
Careless smoking, .....
188
1,957,020
1,880,498
139,548
107,050-
Careless use of candles, ....
35
571,350
438,500
17,237
16,122
Careless use of matches,
477
15,196,287
8,474,543
198,140
159,859
Children and matches, ....
303
1,234,968
1,084,975
51,565
44439
Cigar stubs or cigarettes,
76
1,503,538
1,533,480
31,175
26,332:
Clothing or goods igniting from stove,
34
125,950
105,550
11,021
7,691
Curtain or goods exposed to gas, candle or
lamp, ......
202
2,934,958
2,532,366
25,642
22,601
Defective boilers, furnaces, fireplaces,
stoves and stove pipes,
43
454,510
323,225
45,733
42,209
Defective chimneys, ....
291
1,183,608
920,825
264,325
185,888-
Defective flues, .....
33
152,173
115,486
38,211
33,511
Electric wires, .....
66
5,008,623
4,343,967
352,917
326,300
Explosion of boiler, ....
1
319,372
316,622
269,750
269,750
Explosion of gas or gasoline, .
29
453,331
437,800
15,033
14309
Explosion of gas or gasoline stoves,
8
47,450
29,800
519
519
Explosion of kerosene lamps,
74
6,104,430
4,891,050
23,976
17,884
Explosion of kerosene lanterns,
6
24,900
21,825
10,220
8,095
Explosion of kerosene stoves,
34
131,330
99,850
10,602
9,567
Exposures, ......
-
3,517,815
3,607,092
404,843
307,895
Exposure from brush or forest fires,
59
92,580
59,300
19,269
8,667
Fireworks, . .
16
166,960
153,500
3,474
3,212
Friction, ......
81
45,872,063
38,019,049
169,388
89,140
Gas leaking, .....
22
335,250
310,600
8,032
6,455
Gas or gasoline lamp or stove taking fire, .
6
22,300
18,675
882
832
Hot ashes in wooden receptacles,
71
463,230
438,569
57,695
48,191
Kerosene lamp or stove taking fire, upset-
ting or breaking,
206
1,118,315
1,006,465
49,881
40,330
Lighted pipes in clothing,
30
166,123
102,400
34,347
20,926
Lightning, ......
98
1,042,885
871,427
98,449
68,822
Malicious mischief, ....
91
305,531
276,100
23,523
13,326
Overheated chimneys, ....
37
184,850
307,971
33,496
24.984
Overheated furnaces, stoves or fireplaces, .
208
1,909,745
1 616,318
167,618
153; 431
Overheated hay, .....
7
15,514
6,700
13,920
6,700
Overheated kerosene stoves : .
69
311,885
255,950
19,770
18,980
Overheated lamps, ....
26
110,720
68,920
8,198
5,754
Overheated ovens, . . .
12
46,100
34,570
6,259
6,179
Overheated stove pipe or furnace pipe,
37
424,275
353,550
57,580
52,460
Rats and matches, ....
153
1,369,996
1,248,730
224,319
205,386
Smoking in bed, .....
53
211,225
147,750
3,938
2,693
Sparks from chimney, ....
163
881,994
857,475
44,027
28,062
Sparks from fire-box in boiler room,
12
240,225
197,100
12,455
10,540
Sparks from forge, ....
20
258,850
213,800
47,757
44,304
Sparks from locomotives,
120
385,515
264,187
155,639
123,867
Sparks from stoves, furnaces or fireplaces,
47
318,725
181,600
18,171
13,156
Spontaneous combustion,
154
18,127,672
15,404.131
469,162
429,048
Spontaneous combustion of oily rags,
56
1,965,983
1,761,738
107,009
70,875
Thawing water pipes, ....
55
164,250
143,746
- 43,J360
41,500
Tramps, ......
17
21,441
14,398
15,195
9,276
Volatile oil, ignition of, .
64
1,325,000
1,132,990
181,589
178,629
Miscellaneous causes, . . .
127
4,634,618
3,970,337
304210
274424
Totals
4,822
$144,588,140
$115,230,599
$6,081,176
$5,195,978
INSURANCE COMMISSIONER.
513
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INSURANCE COMMISSIONER.
515
Table No. 4. — Causes of Fires classified.
Property.
Cause of Fire.
Bakeries,
Banks and offices,
Barber shops,
(27)
(26)
(16)
Barns and stables,
(303)
Blacksmith shops,
(24)
Boarding and lodging
houses, . . . (104)
Books and stationery, . (3) <
Bridges, . . (4)
Candy makers, . . (4)
Cars and car sheds, . (25)
Churches, . . . (13)
Cigar stores and factories, (9)
Clothing and furnishing
stores, . . . (14)
Club and billiards, . (20)
Cotton mills, . . (85)
Dining rooms, . . (57)
Boiling over of fat, 8; careless smoking, 1; careless use of
matches, 1; defective oven, 1; explosion of gas, 1; hot ashes,
1; overheated chimney, 2; overheated oven, 7; rats and
matches, 1; unknown, 4.
Careless use of matches, 3; careless smoking, 2; cigar stub, 5;
defective chimney, 2; electric wires, 1; defective fireplace, 1;
defective gas stove, 1; gas leak, 1; overheated stove, 1;
upsetting kerosene lamp, 1; upsetting kerosene stove, 1;
spontaneous combustion, 1 ; spontaneous combustion of oily
waste, 1; spark from fire box, 1; unknown, 3; volatile oil, 1.
Careless use of matches, 1; careless smoking, 1; cigar stub, 1;
electric wires, 1; overheated stove, 1; overheated kerosene
stove, 1; overheated gas stove, 3; incendiary, 1; sponta-
neous combustion, 2; thawing water pipes, 1; upsetting
kerosene lamp, 1; unknown, 2.
Careless smoking, 26; careless use of candle, 1; careless use of
matches, 21; children and matches, 25; clothing too near
stove, 1; defective chimney, 2; defective stove pipe, 1;
electric wires, 5; explosion of kerosene lamp, 2; explosion of
kerosene lantern, 5; exposure to brush and forest fires, 14;
hot ashes, 2; incendiary, 18; lighted pipe in clothing, 3;
lightning, 24; malicious mischief, 11; overheated hay, 6;
overheated gasoline stove, 1; overheated kerosene lamp, 1;
overheated stove, 5; rats and matches, 8; smoking in bed, 1;
sparks from chimney, 5; sparks from locomotive, 8; sparks
from stove, 1; spontaneous combustion, 14; spontaneous
combustion of oily rags, 3; thawing water pipes, 3; tramps,
10; unknown, 70; upsetting kerosene lantern, 6.
Defective flue, 1; hot iron, 1; sparks from chimney, 5; sparks
from forge, 12; sparks from locomotives, 1; spontaneous
combustion, 1; unknown, 3.
Careless use of matches, 21; careless smoking, 6; children and
matches, 1; cigar stub, 1; defective fireplace, 1; defective
flue, 1; curtain or goods exposed to gas, candle or lamp, 20;
defective kerosene stove, 1; explosion of kerosene lamp, 2;
explosion of kerosene stove, 5; fireworks, 2; hot ashes, 1;
incendiary, 3; overheated furnace, 1; overheated kerosene
stove, 1; overheated stove, 2; rats and matches, 2; set by
drunken man, 1; spark from fireplace, 4; smoking in bed, 11 ;
spontaneous combustion, 1; unknown, 4; upsetting kero-
sene lamp, 9; upsetting kerosene stove, 1; volatile oil, 2.
Careless use of matches, 1; curtain or goods exposed to gas,
candle or lamp, 1; incendiary, 1.
Sparks from locomotive, 4.
Boiling over of chocolate, 1; careless use of matches, 1; de-
fective flue, 1; overheated stove, 1.
Careless smoking, 3; electric wires, 1; incendiary, 1; malicious
mischief, 8; lighted pipe in clothing, 1; spark from loco-
motive, 4; spontaneous combustion of oily rags, 1; over-
heated stove, 1; unknown, 4; volatile oil, 1.
Careless use of matches, 2; defective furnace, 1; incendiary, 2;
lightning, 2; overheated furnace, 1; spontaneous combus-
tion of oily rags, 1; unknown, 4.
Careless smoking, 1 ; defective chimney, 1 ; explosion of gas, 1 ;
overheated chimney, 1; overheated stove, 1; overheated
kerosene lamp, 1; unknown, 3.
Careless use of matches, 3; careless smoking, 1; cigar stub, 1;
curtain or goods exposed to gas, candle or lamp, 2; electric
wires, 2; hot iron, 1; incendiary, 1; rats and matches, 1;
spontaneous combustion, 1; volatile oil, 1.
Careless use of matches, 4; careless smoking, 2; cigar stub, 2;
defective chimney, 1; defective stove pipe, 1; overheated
stove, 4; spontaneous combustion of oily rags, 1; unknown,
4; upsetting kerosene lamp, 1.
Careless use of matches, 12; curtain or goods exposed to gas,
candle or lamp, 3; electric wires, 2; explosion of keroserje
lamp, 1; friction, 46; gas jet and cotton, 2; lightning, 1;
spontaneous combustion, 9; spontaneous combustion of oily
rags, 1; unknown, 8.
Boiling over of fat, 7; burning soot, 2; careless use of candle, 1;
careless smoking, 1; careless use of matches, 3; children and
candle, 1; cigar stub, 1; curtain or goods exposed to gas,
candle or lamp, 1; defective chimney, 2; defective gasoline
stove, 1; explosion of gasoline, 2; explosion of gasoline
516
REPORT OF THE
Table No. 4. — Causes of Fires classified — Continued.
Property.
Cause of Fire.
Dining rooms,
Drug stores,
(57)
(20)
Dry and fancy goods, . (29)
Dry houses, .
(4)
Dwellings,
(2,533)
Dye houses,
Forests,
Foundries, .
Fruit stores,
Furniture stores,
(3)
(48)
(24)
(12) <
(13) ■
stove, 1; electric wires, 2; hot ashes, 1; gasoline stove
taking fire, 1; incendiary, 1; overheated chimney, 1; over-
heated gas stove, 1; overheated gasoline stoves, 2; over-
heated kerosene lamp, 2; overheated oven, 1; overheated
stoves, 11; overheated stove pipe, 1; rats and matches, 1;
spark from chimney, 1; spark from stove, 1; spontaneous
combustion, 1; unknown, 3; upsetting kerosene lamp, 1;
volatile oil, 2.
Careless use of matches, 1; careless smoking, 1; careless use of
candle, 1; cigar stub, 3; curtain or goods exposed to gas,
candle or lamp, 1; explosion of gas, 1; fireworks, 1; gas
stove taking fire, 1 ; overheated steam pipe, 1 ; overheated
stove pipe, 1; rats and matches, 3; unknown, 4; volatile
oil igniting, 1.
Careless smoking, 1; careless use of candle, 1; careless use of
matches, 6; cigar stubs or cigarettes, 2; curtain or goods
exposed to gas, candle or lamp, 3; overheated chimney, 1;
overheated furnaces, 2; overheated gas stove, 1; overheated
kerosene stove, 1; overheated stove, 1; spark from chimney,
1 ; spark from fire box, 1 ; spark from locomotive, 1 ; spark
from stove, 1; spontaneous combustion, 1; unknown, 5.
Spark from fire box, 1 ; overheated steam pipe, 3.
Alcohol lamp taking fire, 4; boiling over of fat, 10; boiling
over of tar, 4; boiling over of varnish, 1; burning soot, 18;
careless smoking, 84; careless use of candle, 20; careless use
of matches, 305; children and matches, 241; cigar stubs or
cigarettes, 14; clothing too near stove, 32; curtain or goods
exposed to gas, candle or lamp, 148; defective boiler, 1;
defective chimney, 251; defective fireplace, 13; defective
flue, 22; defective furnace, 3; defective furnace pipe, 4;
defective gas stove, 1; defective kerosene stove, 3; defective
stove, 3; electric wires, 10; explosion of gas or gasoline, 8;
explosion of gas stove, 1; explosion of gasoline stove, 4;
explosion of kerosene lamp, 59; explosion of kerosene stove,
24; explosion of stove polish, 4; exposure to brush and
forest fire, 21; fireworks, 8; gasoline taking fire, 3; gasoline
stove taking fire, 1; gas leaking, 12; hot ashes, 48; hot
iron, 1; incendiary, 38; kerosene lamp taking fire, 5;
kerosene stove taking fire, 5; lighted pipe in clothing, 20;
lightning, 56; malicious mischief, 18; overheated chimney.
24; overheated furnace, 19; overheated gas stove, 14;
overheated gasoline stove, 9; overheated kerosene lamp, 8;
overheated kerosene stove, 57; overheated oven, 1; over-
heated stove, 62; overheated stove and furnace pipe, 28;
painters cleaning floor with naphtha, 1; plumber's torch, 9;
rats and matches, 92; rekindled, 1; set by drunken man, 5;
set by insane person, 2; smoking in bed, 38; spark from
chimney, 110; spark from stove, furnace or fireplace, 26;
spark from foundry, 5; spark from locomotive, 35; spark
from oven, 1; spark from stationary engine, 2; spark from
tar kettle, 1; spontaneous combustion, 30; spontaneous
combustion of oily rags, 23; thawing water pipes, 46;
tramps, 3; unknown, 183; upsetting gas stove, 1; up-
setting kerosene lamp, 127; upsetting kerosene lantern, 4;
upsetting kerosene stove, 20; volatile oil igniting, 18.
Explosion of soda tank, 1; spontaneous combustion, 1; vola-
tile oil igniting, 1.
Careless smoking, 4; careless use of matches, 1; children and
matches, 1; exposure to brush and forest fire, 7; incendiary,
6; spark from locomotive, 20; unknown, 9.
Careless use of matches, 1; hot iron, 4; overheated blast
furnace, 1; overheated chimney, 2; overheated furnace, 1;
overheated oven, 1; spark from blast furnace, 2; spark
from chimney, 2; spark from furnace, 2; .spark from molten
iron, 1; spontaneous combustion, 1; unknown, 5; volatile
oil igniting, 1.
Careless use of matches, 2: cigar stub, 1; gas lamp too near
awning, 1; hot ashes, 1; overheated gas stove, 1; over-
heated stove, 1; rats and matches, 1; spark from stove,
furnace, or fireplace, 1; unknown, 3.
Careless smoking, 1; careless use of matches, 2; defective
chimney, 1; defective flue, 1; electric wires, 2; explosion of
wood alcohol, 1; gasoline taking fire, 1; overheated stove, 1;
rats and matches, 1; unknown, 2.
INSURANCE COMMISSIONER.
517
Table No. 4. — Causes of Fires classified — Continued.
Property.
Cause of Fire.
Greenhouses, . . (7) •
Grocery stores, . . (54)
Hardware stores, . . (8)
Henneries, . . . (25)
Hotels, . . . (40)
Ice houses, .
Junk stores,
Laundries, .
Leather dealers,
Liquor stores, . . (24)
Lodge rooms, . . (4)
Machine shops, . . (11)
Markets (meat and fish), (3)
Millinery stores, . . (5)
Miscellaneous factories, . (4)
Oil and paint stores, . (8)
Paper mills, . . (7)
Photographers, . . (5)
Plumbers, . . . (7)
Printing offices, . . (18)
Defective chimney, 1; defective kerosene stove, 1; exposure
to brush and forest fire, 1; overheated furnace, 1; over-
heated kerosene stove, 1; spark from furnace, 1; sponta-
neous combustion, 1.
Careless smoking, 3; careless use of candle, 1; careless use of
matches, 6; children and matches, 2; cigar stub or cigarette,
4; curtain or goods exposed to gas, candle or lamp, 1; de-
fective chimney, 2; electric wires, 1; explosion of gas, 1;
explosion of kerosene lamp, 2; incendiary, 1; kerosene lamp
taking fire, 1; overheated gas stove, 1; overheated kerosene
lamp, 2; overheated kerosene stove, 2; overheated stove, 3;
rats and matches, 2; spark from chimney, 1; spark from
locomotive, 1; spontaneous combustion, 2; unknown, 15.
Careless use of matches, 1; curtain or goods exposed to gas,
candle or lamp, 1; defective chimney, 2; electric wires, 2;
turpentine taking fire, 1; unknown, 1.
Children and matches, 1; explosion of kerosene lamp, 4;
incendiary, 1; kerosene lamp taking fire, 1; lightning, 1;
malicious mischief, 3; overheated kerosene lamp, 9; spark
from locomotive, 1; thawing water pipes, 1; unknown, 3.
Boiling over of fat, 3; boiling over of tar, 1; careless smoking,
1; careless use of candle, 1; careless use of matches, 5;
cigar stub or cigarette, 2; clothing too near stove, 1; curtain
or goods exposed to gas, candle or lamp, 3; defective chim-
ney, 1; defective stove, 1; defective stove pipe, 1; electrio
wires, 2; explosion of gasoline, 1; lighted pipe in clothing, 1;
lightning, 1; overheated boiler, 1; overheated chimney, 1;
overheated oven, 1; overheated steam pipe, 1; overheated
stove, 1; smoking in hed, 2; spark from chimney, 1; spon-
taneous combustion, 1; spontaneous combustion of oily
rags, 1; unknown, 4; upsetting kerosene lamp, 1.
Children and matches, 2; lightning, 1; malicious mischief, 3;
spark from locomotive, 2; unknown, 4.
Careless smoking, 1; defective chimney, 1; incendiary, 1;
malicious mischief, 1; unknown, 5.
Careless use of matches, 1; hot iron, 1; incendiary, 1; mali-
cious mischief, 1; overheated chimney, 1; overheated
furnace, 1; overheated stove pipe, 1; spark from chimney, 2;
spark from stove, 1; spontaneous combustion, 2; unknown,
2; upsetting kerosene lamp, 1.
Careless smoking, 1; cigar stub, 1; friction, 2; incendiary, 1;
overheated stove, 1; spark from fire box, 1; spark from
locomotive, 1; spontaneous combustion, 3; unknown, 4.
Boiling over of sugar, 1 ; careless use of matches, 4; cigar stub
or cigarette, 3; curtain or goods exposed to gas, candle or
lamp, 1; defective chimney, 1; defective gas stove, 1;
electric wires, 1; gas igniting from leak in contact with
candle, 1; gas leak, 1; incendiary, 1; overheated furnace, 1;
overheated gas stove, 1; overheated kerosene lamp, 1;
overheated steam pipe, 1;- overheated stove, 1; rats and
matches, 3; unknown, 1.
Careless smoking, 1; careless use of matches, 1; cigar stub, 1;
rats and matches, 1.
Hot ashes, 1; overheated chimney, 1; overheated furnace, 1;
overheated stove pipe, 1; rats and matches, 1; spark from
chimney, 1; spark from fire box, 1; spark from forge, 1;
spontaneous combustion, 1; unknown, 2.
Careless use of matches, 2; defective chimney, 1.
Careless use of matches, 1; defective chimney, 1; explosion of
alcohol lamp, 1; overheated gas stove, 1; rats and matches, 1.
Overheated furnace, 2; spark from chimney, 1; unknown, 1.
Set by insane person, 1; spontaneous combustion, 3; spon-
taneous combustion of oily rags, 1; unknown, 3.
Friction, 1; lightning, 1; rats and matches, 1; spark from
chimney, 1; spontaneous combustion, 2; unknown, 1.
Boiling over of fat, 1; defective flue, 1; defective furnace, 1;
unknown, 2.
Careless use of candle, 2; plumber's torch, 2; spark from
chimney, 1; spontaneous combustion, 1; unknown, 1.
Careless smoking, 1; careless use of matches, 2; cigar stub, 1;
electric wires, 1; gasoline taking fire, 1; overheated steam
pipe, 1; overheated stove, 1; spontaneous combustion, 3;
spontaneous combustion of oily rags, 3; unknown, 2; up-
setting kerosene lamp, 1; volatile oil igniting, 1.
518
REPORT OF THE
Table No. 4. — Causes of Fires classified — Continued.
Property.
Cause of Fire.
Public buildings, . . (20)
Railroad buildings,
Saw and planing mills, .
Sheds and outbuildings, . (40)
Shoe factories,
Shoe stores,
Storehouses,
(24)
(15)
(110)
Tailor shops,
Tanneries,
Theatres,
(33)
(2)
(2)
Unclassed, .
(704)
Careless smoking, 1; careless use of matches, 1; children and
matches, 2; cigar stub, 1; defective chimney, 1; defective
furnace, 1; incendiary, 1; lightning, 1; malicious mischief,
1; overheated kerosene lamp, 1; overheated steam boiler, 1;
overheated steam pipe, 1; overheated stove, 1; spark from
chimney, 3; spark from furnace, 1; spontaneous combus-
tion, 1; unknown, 1.
Careless use of matches, 1; railroad collision, 2; spark from
locomotive, 1.
Careless smoking, 3; hot asaes, 1; spark from chimney, 1;
spark from fire box, 1; unknown, 2.
Careless smoking, 1; careless use of matches, 3; children and
matches, 7; exposure to brush and forest, 1; hot ashes, 1;
incendiary, 1; lightning, 2; malicious mischief, 9; spark
from chimney, 1; spark from fire box, 2; spark from loco-
motive, 4; set by tramps, 1; spontaneous combustion, 2;
unknown, 5.
Boiling over of cement, 2; burning soot, 1; careless smoking,
3; careless use of matches, 1; defective boiler, 1; electric
wires, 1; explosion of gasoline, 1; explosion of steam boiler,
1; friction, 1; overheated gas stove, 2; spontaneous com-
bustion, 7; spontaneous combustion of oily rags, 1; un-
known, 1; volatile oil igniting, 1.
Careless smoking, 1; careless use of matches, 1; malicious
mischief, 1; plumber's torch, 2; rats and matches, 1;
unknown, 7; upsetting kerosene lamp, 1; upsetting kerosene
stove, 1.
Careless smoking, 10; careless use of matches, 4^ children and
matches, 3; defective chimney, 1; defective flue, 1; electric
wires, 1; explosion of kerosene stove, 1; exposure to brush
and forest fires, 5; friction, 2; hot ashes, 1; incendiary, 8;
lightning, 4; malicious mischief, 6; overheated boiler, 1;
overheated gas stove, 1; overheated kerosene stove, 1; over-
heated steam pipe, 1; overheated stove, 1; overheated stove
or furnace pipe, 2; rats and matches, 2; spark from chimney,
1; spark from locomotive, 11; spontaneous combustion, 8;
spontaneous combustion of oily rags, 1; unknown, 32;
upsetting kerosene lantern, 1.
Careless smoking, 1; careless use of matches, 1; curtain or
goods exposed to gas, candle or lamp, 1; explosion of gas
or gasoline, 3; gasoline taking fire, 3; hot iron, 1; incen-
diary, 1; overheated furnace, 1; overheated gas stove, 3;
overheated stove, 2; rats and matches, 1; spark from stove,
1; unknown, 9; upsetting kerosene lamp, 1; volatile oil
igniting, 4.
Rats and matches, 1; unknown, 1.
Careless use of matches, 1; electric wires, 1.
Alcohol lamp taking fire, 1; boiling over of cement, 1; boiling
over of fat, 2; boiling over of glue, 1 ; boiling over of resin, 1 ;
boiling over of tar, 3; boiling over of wax, 1 ; burning soot, 5;
careless smoking, 23; careless use of candle, 5; careless use
of matches, 47; caught from gasoline torch, 1; caught from
petroleum engine, 1; children and matches, 13; cigar stub
or cigarette, 31; curtain or goods exposed to gas, candle or
lamp, 16; defective chimney, 16; defective flue, 5; de-
fective gasoline pipe, 2; defective setting of boiler, 1;
electric wires, 30; explosion of celluloid, 1; explosion of
gas, 5; explosion of gasoline, 4; explosion of gas or gasoline
stove, 2; explosion of kerosene lamp, 4; explosion of
kerosene lantern, 1; explosion of kerosene stove, 4; ex-
plosion of starch, 1; exposure to brush and forest fire, 6;
falling of gas chandelier, 1; fireworks, 5; friction, 21;
gas igniting from leak in contact with lantern, 2; gas or
gasoline stove taking fire, 2; gas leaking, 4; gasoline taking
fire, 10; hot ashes, 13; hot iron, 4; incendiary, 21; kerosene
stove taking fire, 1; lighted pipe in clothing, 4; lightning, 2;
malicious mischief, 11; overheated broom corn, 1; over-
heated chimney, 2; overheated dry room, 4; overheated
furnace, 6; overheated gas stove, 4; overheated hay, 1;
overheated kerosene lamp, 1; overheated kerosene stove, 5;
overheated oven, 1 ; overheated smoke house, 1 ; overheated
steam boiler, 9; overheated steam pipe, 6; overheated
stove, 22; overheated stove and furnace pipe, 3; plumber's
torch, 4; rats and matches, 26; set by insane person, 2;
INSURANCE COMMISSIONER.
519
Table No. 4. — Causes of Fires classified — Concluded.
Property.
Cause of Fire.
Unclassed,
(704)
Unoccupied,
Vessels at wharf,
(110)
(9) J,
Wood and coal yards, . (11)
Wood workers with
power,
(7)
Wood workers without
power, . . . (13)
Woolen mills,
(9)
smoking in bed, 1; spark from automobile boiler, 1; spark
from chimney, 20; spark from fire box, 2; spark from forge,
5; spark from foundry, 1; spark from locomotive, 21;
spark from stationary engine, 6; spark from stove, 3; spon-
taneous combustion, 46; spontaneous combustion of oily
rags, 12; thawing water pipes, 2; unknown, 130; upsetting
kerosene lamp, 6; upsetting kerosene lantern, 1; upsetting
kerosene stove, 5; volatile oil igniting, 9.
Boiling over of varnish, 1; careless smoking, 1; careless use of
candle, 1; careless use of matches, 1; children and matches,
5; defective chimney, 3; exposure to brush and forest fire, 4;
gas igniting from leak in contact with plumber's torch, 1;
hot coals from salamander, 1; incendiary, 14; lighted pipe
in clothing, 1; lightning, 2; malicious mischief, 17; over-
heated chimney, 1; plumber's torch, 1; rats and matches, 3;
set by tramps, 3; spark from chimney, 4; spark from loco-
motive, 2; spontaneous combustion, 1; spontaneous com-
bustion of oily rags, 4; thawing water pipes, 2; unknown, 37.
Boiling over of tar, 1; careless use of candle, 1; explosion of
gasoline, 1; kerosene stove taking fire, 1; spark from forge,
1; spark from stove, 1; upsetting kerosene lantern, 1;
volatile oil igniting, 2.
Careless smoking, 1; careless use of matches, 1; incendiary, 1;
spark from fire box, 1; spark from locomotive, 3; spon-
taneous combustion, 4.
Careless use of matches, 1; friction, 3; spark from fire box, 1;
spark from stationary engine, 1; spark from steam boiler, 1.
Cigar stub or cigarette, 1; overheated stove, 1; spark from
chimney, 1; spark from forge, 1; spark from stationary
engine, 1; spark from furnace, 1; spontaneous combustion,
2; unknown, 5.
Friction, 5; malicious mischief , 1; spontaneous combustion, 2;
spontaneous combustion of oily rags, 1.
INDEX TO COMPANIES.
INDEX TO COMPANIES.
[See Table of Contents at beginning of volume.]
Aachen and Munich, Germany,
Ahington Mutual Fire, .
Adirondack, ....
iEtna, .....
Agricultural, ....
Albany,
Alliance, Phila.,
^Alliance Assurance,
American, Boston, . x, xvi, xvn
American, Newark, N. J.,
American Central, .
American Fire, Phila., .
American Lloyds, Underwriters at,
American Mutual Fire, Providence
Annisquam Mutual Fire,
Arkwright Mutual Fire,
Assurance Co. of America, .
Atlantic Mutual, New York,
Atlas Mutual, ....
Atlas Assurance, *.
Attleborough, Mutual Fire, .
Barnstable County Mutual Fire,
Ben Franklin, ....
Berkshire Mutual Fire, .
Blackstone Mutual Fire,
Boston Manuf . Mutual Fire, .
Boston,
Bristol County Mutual Fire, .
British America,
British American, New York,
British and Foreign Marine, .
Buffalo Commercial,
Buffalo German,
Caledonian, ....
Caledonian- American, .
Calumet,
Cambridge Mutual Fire,
Camden Fire, . . .
Capital Fire, ....
Central Manufacturers' Mutual,
China Mutual,
PAGE
. 413
. 2
vi, 96
. 97
. 103
. 106
. 109
. 415
84, 496
. Ill
. 114
v
. 117
. 118
xvi, 4
xvi, 5
. 120
. 122
. xl
. 417
. 7
vi, 125
. 11
. 126
xvi, 12
. 84
. 14
. 419
. 128
. 422
. 130
. 132
424
134
136
15
138
141
144
79
Citizens' St. Louis, .
Citizens' Mutual,
City of New York, .
Cologne Reinsurance,
Colonial Assurance,
Colonial Fire, Washington, D. C.
Columbia, ....
Commerce, Albany,
Commercial Union, London, .
Commercial Union Fire, N. Y.,
Commonwealth, New York, .
Concordia, ....
Connecticut Fire, .
Continental New York, .
Cosmopolitan, ....
Cotton and Woolen Manufacturers
County Fire, ....
Dedham Mutual Fire, .
Delaware, Dover, .
Delaware, Philadelphia,
Detroit Fire and Marine,
Dixie Fire,
Dorchester Mutual Fire,
Dutchess, .
Dutchess Fire,
Eagle,
Eastern, .
Empire City Fire, .
Enterprise Mutual, .
Equitable Fire and Marine, .
Fall River Manuf'rs' Mutual,
Farmers' Fire, ....
Federal,
Fidelity Fire
Fire Association of Philadelphia
Fireman's Fund Ins. Co.,
Firemen's Fire,
Firemen's Fund Ins. Corporation,
Firemen's of Newark,
Firemen's Mutual, Providence,
PAGE
. 146
. 17
. 148
. 426
. 150
v
. 151
. 153
. 428
. 155
. 157
. 159
. 162
. 165
vi, 169
xvi, 19
. 171
. 21
vi, 177
. 174
. 179
vi, 182
. 22
v
vi, 184
186
188
190
192
194
. 24
. 196
. 199
vi, 202
. 204
. 208
. xl
vi, 211
. 214
. 216
* Withdrew from Massachusetts, Aug. 5, 190'
524
INDEX TO COMPANIES.
First Russian, ....
Fitchburg Mutual Fire, .
Franklin (Wheeling), .
Franklin Fire, Philadelphia,
Georgia Home,
German Alliance, .
German-American, N. Y.,
German-American, Md.,
German, Freeport, .
German Fire, Peoria, 111.,
German Fire, Pittsburgh,
Germania Fire, New York,
Girard Fire and Marine,
Glen Falls,
Gloucester Mutual Fishing (Appen
Grain Dealers Mutual,
Granite State, .
Groveland Mutual Fire,
Hamburg-Bremen, .
Hamilton Fire,
Hampshire Mutual Fire,
Hanover Fire, .
Hartford Fire, .
Hingham Mutual Fire,
Holyoke Mutual Fire,
Home, New York, .
Home Fire and Marine,
Hope Mutual, .
Indemnity Fire,
India Mutual, .
Indianapolis Fire, .
Industrial Mutual, .
Insurance Co. of North America,
Insurance Co., State of Penna.,
Jefferson
Keystone Mutual, .
PAGE
. vi
xvi, 26
vi, 218
. 220
. 223
. 226
. 228
. 232
v
. 234
. 236
. 239
. 242
. 245
, 498
. vi
. 248
. 28
dix)
. 431
vi, 251
. 29
. 253
. 255
. 30
. 32
. 259
v
. 263
. 265
. 81
. 267
xvi, 36
. 268
. 273
vi, 276
. vi
Law, Union and Crown, .
Liverpool and London and Globe,
London Assurance (Fire Branch) ,
London Assurance (Marine Branch) ,
London and Lancashire,.
Lowell Mutual Fire,
Lumber, N. Y.,
Lumber Mutual,
Lumbermen's Mutual, .
Lynn Manuf'rs and Merchants,
Lynn Mutual Fire, .
Mannheim,
Manton Mutual,
434
436
438
440
442
37
279
39
280
vi
41
444
vi
PAGE
Manufacturers' Mutual Fire, Prov., . 282
Marine, London, 446
Mechanics', Philadelphia, . . . 284
Mechanics' Mutual Fire, Providence, . 287
Mechanics' and Traders', New Or-
leans 288
Melrose Mutual, . . . . xl
Mercantile Fire and Marine, . . xvi, 88
Mercantile Mutual Fire, . . . 290
Merchants' and Farmers' Mutual, . 43
Merchants' Mutual Fire, Providence, . 292
Merrimack Mutual Fire, . . xvi, 45
Michigan Commercial, .... 294
Middlesex Mut. Fire, Concord, Mass., . 47
Middlesex Mut., Middletown, Conn., . 296
Millers' National vi
Milwaukee Fire, 298
Milwaukee Mechanics', .... 300
Moscow Fire, 448
Munich Reinsurance, .... 449
Mutual Fire Assurance, . . . .50
Mutual Protection Fire, . . . xvi, 51
Nassau Fire,
National, Allegheny,
National Fire, Hartford,
National Lumber, .
National Union Fire,
Newark Fire, .
New Brunswick Fire, .
Newburyport Mutual IJire,
New Hampshire Fire,
New Jersey Fire,
New York Fire,
Niagara Fire, New York,
Norfolk Mutual Fire,
North American,
North British and Mercantile,
North British and Mercantile of N
North German,
Northern Assurance, London,
Northern of New York,
North River, .
Northwestern National,
Norwich Union,
Old Colony,
Orient,
Palatine, London, 459
Paper Mill Mutual, . . . .58
Pawtucket Mutual Fire, . . . 336
Pelican Assurance, 338
Pennsylvania Fire, 340
Phenix, Brooklyn, 344
Philadelphia Manufacturers' Mutual, . 347
. 303
. vi
. 305
vi, 308
. 310
. 313
. 315
. 53
. 317
vi, 321
v
. 322
. 55
. xvi
. 452
Y., 325
v
. 454
. 327
. 329
. 331
. 457
vi, xvi, 90
. 333
INDEX TO COMPANIES.
525
Phoenix, Hartford, .
Phoenix Assurance, England,
Providence Mutual Fire,
Providence-Washington,
Prussian National, .
Queen of America, .
Quincy Mutual Fire,
Reliance,
Rhode Island, ....
Rhode Island Mutual Fire, .
Richmond, New York, .
Rochester German, .
Rossia,
Royal,
Royal Exchange, London,
Ruhber Manufacturers' Mutual,
Russian Reinsurance,
Salamandra, ....
Salem Mutual Fire,
Salisbury and Amesbury Mutual,
Saugus Mutual Fire,
Scottish Union and National,
Security, New Haven, .
Security Fire, Md., .
Shawnee Fire, ....
Skandia,
Southern,
South Danvers Mutual Fire, .
Springfield Fire and Marine, .
Spring Garden,
Star,
State Fire, Liverpool,
PAGE
. 349
. 461
. 352
. 354
. 464
. 357
. 59
. 361
. vi
. 364
. vi
. 365
. 466
. 468
. 471
xvi, 62
. vi
. 473
. 63
. 66
. 67
. 475
. 368
v
vi, 372
. 478
vi, 374
xvi, 68
. 91
. 376
v
479
PAGE
State Mutual Fire, Providence, . . 379
St. Paul Fire and Marine, . . . 381
Sun Insurance Office, London, . . 481
Svea. Gothenburg, Sweden, . . . 484
Teutonia, New Orleans, .... 384
Thames and Mersey, Liverpool, . . 486
Traders', v
Traders' and Mechanics' Mutual, . . 70
Underwriters at American Lloyds, . 117
Union, Buffalo, . . . . vi, 389
Union, Philadelphia, .... 386
Union Assurance, London, . . . 488
Union Marine, Liverpool, . . . 490
Union Mutual Fire, Providence, . . 391
United Firemen's, 393
United States Fire,. . . . v, vi
United States Lloyds 396
Virginia Fire and Marine, . vi, 398
Westchester Fire, 400
Western, Pittsburgh, . . . .403
Western Assurance, .... 492
Western Reserve, . . . vi, 405
West Newbury Mutual Fire, . xvi, 72
What Cheer Mutual Fire, . . .408
Whiting Mutual, v
Williamsburg City Fire, . . .409
Winona, vi
Worcester Manufacturers' Mutual, . 73
Worcester Mutual Fire, . . . .75
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