III. INCOME, 1875. Gross cash premiums received... $666,994 92 Net cash actually received for premiums. $605,774 54 19,130 08 50,635 06 4,308 33 $679,848 01 $310,857 93 60,000 00 27,065 02 86,686 19 19,118 14 47,264 04 $550,991 32 Total amount of outstanding risks Dec. 31, 1875. $62,591,124 00 8,235,408 00 Total losses paid from organization of company to date... 5,907,317 00 VI. BUSINESS IN MINNESOTA, 1875. Amount of risks taken-Fire.. $297,210 00 Amount of premiums received-Fire... 6,101 19 Amount of outstanding risks in Minnesota at end of year.... TRADERS INSURANCE COMPANY, ILLINOIS. Principal Office, Chicago. [Organized and commenced business February, 1865. Re-Inst. 1867. Reorganized May, 1872.] SIDNEY A. KEEP, President. ROBERT J. SMITH, Secretary. Attorney to accept service in Minnesota, C. H. BIGELOW, St. Paul. Amount loaned on collateral security, (market value $29, 425.00.. 21,550 00 Cash on hand and in bank.... 66,409 74 Interest due and accrued on bonds and stocks not included in market value.... Interest due and accrued on collateral loans 307 34 57 75 All other property, viz.: Salvage property and claims on losses already paid, $5,933.24; Postage, express, stamps, $17.50; Due from other companies for reinsurance on losses and premiums already paid, $6,254.77..... Aggregate amount of all actual available assets. II. LIABILITIES. Gross claims for losses adjusted and unpaid..... 35,547 49 12,205 51 $823,479 54 Total gross claims for losses.... Deduct reinsurance and salvage claims.. $24,905 31 $30,935 31 1,972 70 $28,962 61 128,435 05 7,109 49 $164,507 15 500,000 00 158,972 39 $823,479 5 Net amount of unpaid losses.. Amount required to safely reinsure all outstanding risks. All other demands against the company. 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. $427,453 47 Gross cash premiums received.. Deduct reinsurance, rebate and return premiums. Net cash actually received for premiums. Total income.. IV. EXPENDITURES, 1875. Gross amount paid for losses. Deduct salvage and reinsurance. $156,557 27 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. Total amount of outstanding risks, Dec. 31, 1875. $16,089,781 72 date.. 1,483,409 88 Total losses paid from organization of company to date... 786,157 88 Amount of risks taken-Fire, $319,840; Inland, $175,217..... Amount of outstanding risks in Minnesota at end of year. Amount of losses incurred, claimed and unclaimed $495,057 00 7,870 37 286,220 00 4,483 34 4,483 34 1,121 38 [Organized and commenced business Dec. 9, 1867.] NORRIS WINSLOW, President. J. M. ADAMS, Secretary. Attorney to accept service in Minnesota, CHAS. SHANDREW, St. Paul. Paid up capital stock.... I. ASSETS. $200,000 00 Amount loaned on real estate security, (first liens). Amount loaned on collateral security, (market value $131, 803.79). 77,620 71 Cash on hand and in bank. Interest due and accrued on bonds and stocks not included in 396 93 Total gross claims for losses $9,800 00 ... Amount required to safely reinsure all outstanding risks.. Total liabilities, except capital and net surplus..... Surplus beyond capital.... Aggregate liabilities, including paid up capital and surplus III. INCOME, 1875. Gross cash premiums received.. $347,237 66 Net cash actually received for premiums.. Total income. IV. EXPENDITURES, 1875. Gross amount paid for losses. $188,601 60 Net amount paid for losses.. Cash dividends actually paid.. $326,492 54 18,686 65 7,358 60 $352,537 79 $187,351 60 20,000 00 All other expenditures, viz.: Adjusters fees, traveling expenses, advertising, rent, &c... 41,842 36 Aggregate cash expenditures during the year....... $338,611 80 V. MISCELLANEOUS. Total amount of outstanding risks Dec. 31st, 1875. ..$109,193,744 00 Total premiums received from organization of company to date.... Total losses paid from organization of company to date.. 1,418,319 77 560,787 31 VI. BUSINESS IN MINNESOTA, 1875. Amount of premiums received-Fire.... $8,991 90 Amount of losses paid... 1,705 14 Amount of losses incurred, claimed and unclaimed. |