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Amount required to safely reinsure all outstanding risks... All other demands against the company, viz.: Commissions, &c., to agents...........

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 $801,092 97

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III. INCOME, 1875.

$749,353 46

Gross cash premiums received...

Deduct reinsurance, rebate and return premiums 80,597 07

Net cash actually received for premiums. Interest received on bonds and mortgages..

Interest and dividends received from all other sources.

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18,698 38

$701,672 73

$340,029 29 35,000 00 103,478 50

49,586 28

15,011 39

57,589 05

$600,694 51

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Total amount of outstanding risks Dec. 31, 1875..
Total premiums received from organization of company to
date...

$33,613,391 00

Total losses paid from organization of company to date...

2,259,590 31 1,112,946 12

VI. BUSINESS IN MINNESOTA, 1875.

Amount of risks taken, Fire, $465,405.00; Inland, $107,828.00; total..

$573,233 00

Amount of premiums received, Fire, $6,813.93; Inland, $1,186.56; total....

8,000 49

to last statement......

Amount of outstanding risks in Minnesota at end of year.......
Amount of losses paid, including $2,103.72 occurring prior

Amount of lossess incurred, claimed and unclaimed.

321,451 00

2,103 72

2,103 72

MERCANTILE INSURANCE COMPANY,

OHIO.

Principal Office, Cleveland.

[Organized and commenced business December 23, 1871.]

W. J. GORDON, President.

GEORGE A. TISDALE, Secretary.

Attorney to accept service in Minnesota. THOS. DOWSE, Duluth.

Paid up capital stock.

I. ASSETS.

$200,000 00

Amount loaned on real estate security, (first liens).

$101.125 94

Interest due and accrued on bond and mortgage loans...

3,921 06

Market value of bonds and stocks owned......

164,800 00

Amount loaned on collateral security, (market value, $34,900)
Cash on hand and in bank......

28,000 00

46,491 86

Interest due and accrued on collateral loans.

869 57

Premiums in due course of collection..

6,423 23

Bills receivable, taken for Marine and Inland risks

32,461 60

All other property, viz. : Salvage property and claims on losses already paid; total.

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Amount required to safely reinsure all outstanding risks........ All other demands against the company, viz.: Miscellaneous expenses, commissions, etc..

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....

III.

INCOME, 1875.

$162,284 89
13,853 65

Gross cash premiums received.....

Deduct reinsurance, rebate and return premiums

Net cash actually received for premiums
Interest received on bonds and mortgages.
Interest and dividends received from all other sources

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$16,210 00 45,267 51

2,214 14

$60,691 65

200,000 00

124,401 61

$388,093 26

$148,431 24

8,927 66 14,760 49

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Cash dividends actually paid.
Salaries of officers, clerks and other employes.
Paid for commissions and brokerage..
Amount paid for State, National and local taxes.

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Aggregate cash expenditures during the year..

$97,903 10
752 38

$97,150 72

25,000 00

14,438 00

15,786 83

5,272 30

All other expenditures, viz.: Stationery, printing, rent, etc..

5,559 81

$163,207 66

V.

MISCELLANEOUS.

Total amount of outstanding risks December 31, 1875

$6,396,680 00

Total premiums received from organization of company to date....

Total losses paid from organization of company to date..

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Attorney to accept service in Minnesota, S. S. EATON. St Paul.

Paid up capital stock....

I. ASSETS.

$500,000 00

Interest due and accrued on bonds and stocks not included iu market value

Market value of bonds and stocks owned...

$416,901 00

Amount loaned on collateral security, (market value, $40,425)
Cash on hand and in bank....

31,558 00

80,676 18

7,513 06

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315 00

150,243 28

263,374 13

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Interest due and accrued on collateral loans
Premiums in due course of collection...
Bills receivable, taken for marine and inland risks..
All other property, viz.: Salvage property and claims on
losses already paid, $64,540.00; due from other companies
for reinsurance on losses already paid, $13,405.00. Total.

Aggregate amount of all actual available assets.

II. LIABILITIES.

77,945 00

$1,028,525 65

Gross claims for losses adjusted and unpaid....
Losses in process of adjustment, or in suspense

$5,105 00
92,898 00

Total gross claims for losses

$98,003 00

Net amount of unpaid losses.

Amount required to safely reinsure all outstanding risks... All other demands against the company, viz.: Cash dividends to stockholders unpaid, taxes, commissions, return premiums, &c.................

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. $1,028,525 65

$98,003 00 201,692 74

25,534 73

$323,230 47

500,000 00

205,295 18

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$1,188,885 79

Gross cash premiums received.
Deduct reinsurance, rebate and return premiums 267,613 89

Net cash actually received for premiums... Interest and dividends received from all other sources Income from all other sources

Total income.

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Total amount of outstanding risks Dec. 31, 1875.....
Total premiums received from organization of company to
date

$2,137,439 00

36,429,499 43

Total losses paid from organization of company to date.........

27,657,542 21

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Amount of losses incurred, claimed and unclaimed.
Commissions paid agents in State..

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Attorney to accept service in Minnesota, W. N. HOLWAY, Minneapolis.

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