II. LIABILITIES. Gross claims for losses adjusted and unpaid.... Total gross claims for losses..... Net amount of unpaid losses. Amount required to safely reinsure all outstanding risks.. All other demands against the company, viz.: Rents, advertising, commissions, brokerage, &c.... $26,417 69 $27,917 69 $27,917 69 134,575 00 7,292 12 $169,784 81 200,000 00 30,971 86 $400,756 67 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... ΠΙ. INCOME, 1875. Deduct reinsurance, rebate and return premiums $315,834 51 Gross cash premiums received.. Net cash actually received for premiums. Interest and dividends received from all other sources. Income from all other sources, viz.: Rents, tax, &c. All other expenditures, viz.: Interest on borrowed money $4,200.00... 20,854 88 Aggregate cash expenditures during the year. $292,466 68 V. MISCELLANEOUS. Total amount of outstanding risks Dec. 31, 1875..... Total losses paid from organization of company to date.. $19,581,138 00 1,230,165 35 528,779 32 VI. BUSINESS IN MINNESOTA, 1875. Amount of risks taken-Fire. Amount of premiums received-Fire.. Amount of outstanding risks in Minnesota at end of year. Amount of losses incurred, claimed and unclaimed. Attorney to accept service in Minnesota, C. H. BIGELOW, St. Paul. Psid up capital stock. I. ASSETS. $300,000 00 Value of unincumbered real estate owned....... $55,000 00 143,732 81 180,489 70 Amount loaned on collateral security, (market valne $15,236). 11,063 00 17,725 44 Interest due and accrued on bonds and stocks not included in market value. 4,979 50 Interest due and accrued on collateral loans.. 4,735 50 Premiums in due course of collection.... 19,194 85 All other property, viz.: Salvage property and claims on losses already paid.. 1,200 00 Amount required to safely reinsure all outstanding risks.... Total liabilities except capital and net surplus. Aggregate liabilities, including paid up capital and surplus $21,672 77 85,108 97 176 75 $106,958 49 300,000 00 31,162 31 $438,120 80 Interest received on bonds and mortgages... Total income... $175,157 96 20,127 63 4,042 75 19,179 80 $218,508 14 Total amount of outstanding risks December 31, 1875....... $219,448 32 $10,196,081 00 762,024 98 241,304 84 $225,805 00 Amount of risks taken-Fire.... Amount of premiums received-Fire........ Amount of losses incurred, claimed and unclaimed. 5,385 77 9,123 00 PHENIX INSURANCE COMPANY, NEW YORK, Principal Office, Brooklyn. [Organized and commenced business Sept. 10th, 1853.] STEPHEN CROWELL, President. THOS. R. CROWELL, Secretary. Attorney to accept service in Minnesota, JAS. H. WEED, and all other agents of the company. Paid up capital stock..... I. ASSETS. $1,000,000 00 Value of unincumbered real estate owned.... Amount loaned on collateral security(market value$131,864.70) Interest due and accrued on bonds and stocks not included Interest due and accrued on collateral loans. $246,535 10 319,125 00 6,683 66 1,493,084 13 102,125 00 153,020 17 5,746 15 1,832 15 Bills receivable, taken for Marine and Inland risks.. 134,491 20 All other property, viz.: Salvage property, and claims on losses already paid, $36,380.04; rents due and accrued, $1,699.99; due from other companies, $674.52... 31,561 66 38,754 55 II. LIABILITIES. Gross claims for losses adjusted and unpaid.. $24,844 54 Total gross claims for losses. $95,913 28 Net amount of unpaid losses. Amount required to safely reinsure all outstanding risks.... All other demands against the company, viz.: Rent, $2,500.68; commissions, &c., $4,789.05.. $95,913 28 661,058 98 7,297 73 Total liabilities except capital and net surplus. $764,269 99 Joint stock capital paid up in cash Surplus beyond capital... Aggregate liabilities, including paid up capital and surplus $2,532,958 77 1,000,000 00 768,688 78 III. INCOME, 1875. Gross cash premiums received.. Deduct reinsurance, rebate and return premiums 179,285 22 $1,597,091 62 Net cash actually received for premiums. $1,417,806 40 24,617 55 Amount paid for State, National and local taxes Aggregate cash expenditures during the year... 140,636 35 $1,183,626 11 $526,098 87 150,000 00 131,239 36 200,333 72 35,317 81 Total amount of outstanding risks Dec. 31, 1875...... date... Total losses paid from organization of company to date. $115,544,175 00 20,573,315 76 11,101,339 93 |