Attorney to accept service in Minnesota, I. F. A. STUDDART, St. Paul. Paid up capital stock. I. ASSETS. Amount loaned on real estate security, (first liens) Market value of bonds and stocks owned.... Amount loaned on collateral security, (market value $520.00) All other loans made by the company, loan to city of Providence.... $200,000 00 $26,833 33 737 50 215,515 00 456 12 60,000 00 Cash on hand and in bank... 48,153 26 Interest due and accrued on bonds and stocks not included in Bills receivable, taken for marine and inland risks. 15 96 43,599 96 9.345 11 $47,440 04 $47,440 04 140,320 50 Total gross claims for losses. Net amount of unpaid losses.. Amount required to safely reinsure all outstanding risk s... All other demands against the company, viz.: Cash dividends unpaid, commissions, brokerage due to agents on premiums paid and in course of collections..... 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 5,926 48 $193,687 02 200,000 00 12,612 83 $406,299 85. III. INCOME, 1875. $307,646 42 Gross cash premiums received.. Net cash actually received for premiums Total income.. $287,814 77 822 50 19,527 71 1,913 46 $310,078 44 Total amount of outstanding risks Dec. 31, 1875...... $13,533,090 00 Total losses paid from organization of company to date. 2,642,409 86 1,893,150 25 VI. BUSINESS IN MINNESOTA, 1875. Amount of risks taken-Fire. Amount of premiums received-Fire. $46,225 00 560 52 Amount of outstanding risks in Minnesota at end of year. 30,150 00 122 50 Amount of losses incurred, claimed and unclaimed Attorney to accept service in Minnesota, E. B. AMES, Minneapolis. Paid up capital stock..... .$200,000 00 I. ASSETS. Value of unincumbered real estate owned.... $4,515 29 Amount loaned on real estate security, (first liens) 148,515 68 151,145 50 Amount loaned on collateral security, (market value $32,520). 24,288 50 32,476 79 Interest due and accrued on bonds and stocks not included in market value.. 8,441 74 Premiums in due course of collection. 35,862 88 All other property, viz.: Uncollected premiums for December, 1875, Home office.... 1,313 73 Amount required to safely reinsure all outstanding risks... All other demands against the company, viz.: Cash dividends unpaid, $195.00; salaries, rents, &c., $3,108.80; commissions due agents on premiurus paid, $5,216.41... $17,008 84 86,526 52 8,520 21 Total liabilities, except capital and net surplus.... Aggregate liabilities, including paid up capital and surplus $106,560 11 $112,055 57 200,000 00 94,504 54 Gross cash premiums received.. III. INCOME, 1875. $243,283 43 $182,028 92 Deduct reinsurance, rebate and return premiums Net cash actually received for premiums... Total income. 31,796 26 1,097 19 $214,922 37 IV. EXPENDITURES, 1875. Gross amount paid for losses. Deduct salvage and reinsurance. $97,104 99 Net amount paid for losses...... Cash dividends actually paid...... Salaries of officers, clerks and other employees Amount paid for State, National and local taxes Aggregate cash expenditures during the year... $87,166 63 24,000 00 8,748 53 32,578 69 13,953 48 5,800 00 $172,247 33 Total amount of outstanding risks Dec. 31, 1875... Total losses paid from organization of company to date.. Amount of outstanding risks in Minnesota at end of year.. Amount of losses paid, including $3,000.00 occurring prior to last statement, $2,788.27... Amount of losses incurred, claimed and unclaimed. 4,909 44 1,909 44 Attorney to accept service in Minnesota, CHAS. SHANDREW, St. Paul. Paid up capital stock.. I. ASSETS. $240,000 00 Value of unincumbered real estate owned.. Market value of bonds and stocks owned. Premiums in due course of collection.. All other property, viz.: Salvage property and claims on losses already paid. Aggregate amount of all actual available assets.... $1,678 59 299,800 00 23,367 40 21,075 98 $556 75 $346,478 72 II. LIABILITIES. Gross claims for losses adjusted and unpaid.... $1,993 21 Total gross claims for losses $14,493 21 Net amount of unpaid losses.. $14,493 21 83,472 18 300 00 756 00 · Total liabilities, except capital and net surplus..... $99,021 39 Joint stock capital paid up in cash. Surplus beyond capital..... Aggregate liabilities, including paid up capital and surplus. $346,478 72 240,000 00 7,457 33 |