Net cash actually received for premiums.. $172,050 11 4,095 00 13,191 41 Cash dividends actually paid.. Salaries of officers, clerks, and other employes. Amount paid for State, National and local taxes. All other expenditures, viz.: Contingent expenses, $5,709.64; agency expenses, $17,506.17.. Aggregate cash expenditures during the year... 24,000 00 12,317 18 29.747 69 994 28 23,215 81 $162,361 73 Total amount of outstanding risks Dec. 31, 1875... Total losses paid from organization of company to date............... $21,236,112 76 660,237 68 220,269 67 3,113 32 Attorney to accept service in Minnesota, Wм. S. BEST, Minneapolis. Paid up capital stock... .$200,000 00 I. ASSETS. Amount loaned on real estate security, (first liens). Amount loaned on collateral security, (market value $593.75)... 4 per cent. Nat. Bank... Cash on hand and in bank. Interest due and accrued on bonds and stocks not included in market value... Interest due and accrued on collateral loans Premiums in due course of collection.. Aggregate amount of all actual available assets. II. LIABILITIES. $213,862 00 10,651 36 22,020 00 300 00 16,000 00 24,842 10 574 24 8 75 22,641 56 $310,900 01 Total liabilities, except capital and net surplus. Joint stock capital paid up in cash. Surplus beyond capital. Aggregate liabilities, including paid up capital and surplus.. $106,373 66 200,000 00 4,326 35 $320,900 01 III. INCOME, 1875. $157,763 47 Gross cash premiums received.. Deduct reinsurance, rebate and return premiums. Net cash actually received for premiums $137,548 58 10.421 83 1,630 36 $149,600 77 Total income.. IV. EXPENDITURES, 1875. Gross amount paid for losses.. $100,162 97 Net amount paid for losses... $100,162 97 12,195 75 28,198 16 All other expenditures, viz.: Local and agency expenses. Aggregate cash expenditures during the year. $162,773 26 22,216 38 Total amount of outstanding risks, December 31, 1875....... Amount of outstanding risks in Minnesota at end of year. Attorney to accept service in Minnesota, S. S. EATON, and all other agents of the company. Paid up capital stock $1,000,000 00 I. ASSETS. Value of unincumbered real estate owned Amount loaned on real estate security, (first liens) Interest due and accrued on bond and mortgage loans. Amount loaned on collateral security, (Market value $99, 758.00). ... Cash on hand and in bank.. Interest due and accrued on collateral loans II. LIABILITIES. Gross claims for losses adjusted and unpaid.. Total gross claims for losses. $56,150 45 197,594 41 $277,000 00 Net amount of unpaid losses.. Total liabilities, except capital and net surplus. Joint stock capital paid up in cash. Surplus beyond capital... $257,000 00 1,640,779 83 347,750 35 $2,245,530 18 1,000,000 00 1,922,017 28 Aggregate liabilities, including paid up capital and surplus $5,167,547 46 Net cash actually received for premiums Interest received on bonds and mortgages.... Interest and dividends received from all other sources.. Amount paid for State, National and local taxes. 80,518 19 All other expenditures, viz.: Advertising, postage, stationery, traveling expenses, &c...... 223,847 61 Aggregate cash expenditures during the year. $2,950,109 23 V. MISCELLANEOUS. ... Total amount of outstanding risks Dec. 31, 1875. Total losses paid from organization of company to date....... $174,596,333 00 64,000,000 00 38,000,000 00 Amount of losses incurred, claimed and unclaimed Commissions paid agents in State... 17,915 07 17,696 98 5,903 05 MANHATTAN FIRE INSURANCE COMPANY, NEW YORK, Principal Office, New York, 68 Wall St. [Organized and commenced business March 30th, 1872.] ANDREW J. SMITH, President. LOUIS P. CARMAN, Secretary. Attorney to accept service in Minnesota, S. S. EATON, St. Paul. Paid up capital stock..... I. ASSETS. $250,000 00 Value of unincumbered real estate owned...... Amount loaned on real estate security, (first liens). Interest due and accrued on bond and mortgage loans. Market value of bonds and stocks owned. Amount loaned on collateral security, (market value $77,950). Interest due and accrued on collateral loans Premiums in due course of collection.. Bills receivable, taken for Marine and Inland risks.... All other property.. Aggregate amount of all actual available assets. |