VI. BUSINESS IN MINNESOTA, 1875. Amount of risks taken-Fire, $721,787.00; Inland, $255,455.00; total. Amount of premiums received-Fire, $14,993.78; Inland, $3,- Amount of outstanding risks in Minnesota at end of year. Amount of lossess incurred, claimed and unclaimed. Commissions paid agents in State... PHENIX INSURANCE COMPANY. CONNECTICUT. 2 Principal Office, Hartford, 64 Pearl street. [Organized and commenced business June, 1854.] H. KELLOGG, President. $977,242 00 18,242 53 939,112 00 8,221 47 10,221 47 2,682 30 D. W. C. SKILTON, Secretary. Attorney to accept service in Minnesota, JAS. H. WEED, St. Paul. Surplus beyond capital... Amount required to safely reinsure all outstanding risks. Total liabilities, except capital and net surplus Joint stock capital paid up in cash. Aggregate liabilities, including paid up capital and surplus $1,950,304 60 $83,525 89 836,954 98 44,143 00 $964,623 87 600,000 00 385,680 73 III. INCOME, 1875. Gross cash premiums received. Net cash actually received for premiums. $1,542,757 82 $1,452,672 45 87 43 99,625 77 3,879 23 $1,556,264 88 Total income.. IV. EXPENDITURES, 1875. Gross amount paid for losses.. $871,885 29 Salaries of officers, clerks and other employes. Amount paid for State, National and local taxes.......... Aggregate cash expenditures during the year. $871,885 29 165,000 00 69,649 67 215,147 32 38,729 90 130,006 36 $1,490,418 54 Total amount of outstanding risks December 31, 1875... Total premiums received from organization of company to date.. Total losses paid from organization of company to date..... VI. BUSINESS IN MINNESOTA, 1875. $115,826,131 00 17,793,899 71 11,158,360 31 Amount of risks taken-Fire... Amount of premiums received-Fire. Amount of outstanding risks in Minnesota at end of year... last statement. Amount of losses incurred, claimed and unclaimed. $2,524,967 00 40,166 90 1,280,000 00 23,403 06 22,403 06 6,024 00 PLANTERS INSURANCE COMPANY, TENNESSEE. Principal Office, Memphis. [Organized and commenced business August, 1869.]. D. T. PORTER, President. W. A. GOODMAN, Secretary. Attorney to accept service in Minnesota, CHAS. SHANDREW, St. Paul. Paid up capital stock I. ASSETS. $200,000 00 Value of unincumbered real estate owned... $71,304 81 Amount loaned on real estate security, (first liens) 91,700 00 Interest due and accrued on bond and mortgage loans. 3,900 00 Market value of bonds and stocks owned... 17,538 75 Amount loaned on collateral security, (Market value $87, 240.00). 58,586 97 Cash on hand and in bank. 28,576 20 Premiums in due course of collection. 16,567 87 1,237 83 Bills receivable, taken for marine and inland risks.... All other property, viz.: Salvage property and claims on losses already paid; $1,071.70; Rents due and accrued, $864.52. Total.... Amount required to safely reinsure all outstanding risks....... county taxes and assessments.. 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 $291,848 65 III. INCOME, 1875. Gross cash premiums received.................. Net cash actually received for premiums Total income.. $166,631 74 IV. EXPENDITURES, 1875. Gross amount paid for losses.. Deduct salvage and reinsurance. $109,635 34 Net amount paid for losses. Salaries of officers, clerks and other employes. All other expenditures, viz.: Stationery, $312.83; expense of building, $981.97.. 1,294 80 $156,890 02 Aggregate cash expenditures during the year v. MISCELLANEOUS. Total amount of outstanding risks Dec. 31, 1875.... Total premiums received from organization of company to date.. Total losses paid from organization of company to date..... $6,269,077 00 883,618 47 407,559 49 Attorney to accept service in Minnesota, S. S. EATON, St. Paul. Paid up capital stock. $400,000 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. $60,000 00 491,707 00 8,695 05 858,370 33 Amount loaned on collateral security, (market value $7,700)... 5,000 00 64,896 10 Interest due and accrued on bonds and stocks not included in 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.: Amount reclaimed on perpetual fire insurance policies, $380,092.96; cash dividends, $750.00; Taxes, commissions, &c., $15,250 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.. $1,559,853 76 .$39,980 00 $39,980 00 347,365 61 396,092 96 $783,438 57 400,000 00 376,415 19 |