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 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. 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 Total amount of outstanding risks Dec. 31, 1875.. $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 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) 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. 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 Gross cash premiums received..... Deduct reinsurance, rebate and return premiums Net cash actually received for premiums $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 Cash dividends actually paid. Aggregate cash expenditures during the year.. $97,903 10 $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.. 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) 31,558 00 80,676 18 7,513 06 315 00 150,243 28 263,374 13 Interest due and accrued on collateral loans Aggregate amount of all actual available assets. II. LIABILITIES. 77,945 00 $1,028,525 65 Gross claims for losses adjusted and unpaid.... $5,105 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 $1,188,885 79 Gross cash premiums received. Net cash actually received for premiums... Interest and dividends received from all other sources Income from all other sources Total income. Total amount of outstanding risks Dec. 31, 1875..... $2,137,439 00 36,429,499 43 Total losses paid from organization of company to date......... 27,657,542 21 Amount of losses incurred, claimed and unclaimed. Attorney to accept service in Minnesota, W. N. HOLWAY, Minneapolis. |