II. LIABILITIES. Gross claims for losses adjusted and unpaid.......... $23,061 87 21,666 67 6,337 20 $51,065 74 $51,065 74 763,596 10 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.: 95 per cent. $1,117,919.34, 90 per cent. $293,988.95, on perpetual fire ins. policies; cash dividends unpaid, $544; commissions and charges due agents, &c., $12,183.75. Total liabilities, except capital and net surplus. Joint stock capital paid up in cash. Surplus beyond capital... 1,424,636 04 $2,239,297 88 400,000 00 669,526 98 Aggregate liabilities, including paid up capital and surplus $3,308,824 86 III. INCOME, 1875. Gross cash premiums received.. Deduct reinsurance, rebate and return premiums Net cash actually received for premiums. $1,162,098 56 Interest received on bonds and mortgages.. Total income. $1,036,983 85 143,616 14 20,968 51 6,958 00 $1,208,526 50 Amount paid for State, National and local taxes 38,230 67 158,827 82 Aggregate cash expenditures during the year. $1,173,604 94 V. MISCELLANEOUS. Total amount of outstanding risks Dec. 31, 1875.. $165,380,818 00 17,292,402 91 Total losses paid from organization of company to date... Amount of losses incurred, claimed and unclaimed. 11,674 36 2,980 36 FRANKLIN INSURANCE COMPANY, MISSOURI. Principal office, St. Louis. [Organized and commenced business, May 16, 1855.] CHAS. F. MEYER, President. LOUIS DUESTROW, Secretary. Attorney to accept service in Minnesota, J. R. KING, St. Paul. Paid up capital stock. I. ASSETS. $200,000 00 Market value of bonds and stocks owned... Amount loaned on collateral security, (market value $46,235,) All other property, viz.: Bills receivable, not taken for premiums. Aggregate amount of all actual available assets. $223,925 00 32,000 00 28,367 52 18,788 48 932 00 $304,013 00 $68,469 20 200,000 00 35,543 80 $304,013 00 Amount required to safely reinsure all outstanding risks.... All other demands against the company, viz.: Commissions and other charges... Total liabilities, except capital and net surplus.... Aggregate liabilities, including paid up capital and surplus. III. INCOME, 1875. Deduct reinsurance, rebate and return premiums $193,181 11 Gross cash premiums received..... Net cash actually received for premiums. Total income.. $127,794 92 14,100 75 2,306 58 $144,202 25 Amount paid for State, national and local taxes... 4,355 36 All other expenditures, viz.: Loss on sundry accounts, $2,663.15; bill of official expenses, 9,397.66... 12,060 81 Aggregate cash expenditure during the year. $133,453 43 V. MISCELLANEOUS. Total amount of outstanding risks Dec. 31, 1875. $6,478,002 00 Total premiums received from organization of company to date... Total losses paid from organization of company to date.. 919,680 46 839,763 29 VI. BUSINESS IN MINNESOTA, 1875. Amount of risks taken, Fire.. $258,571 00 Amount of premiums received, Fire.. 5,176 76 Amount of outstanding risks in Minnesota at end of year. Amount of lossess incurred, claimed and unclaimed.. 1,520 85 GERMAN AMERICAN INSURANCE COMPANY, NEW YORK. Principal Office, New York, No. 179 Broadway, N. Y. [Organized and commenced business March 7, 1872.] EMIL OLBERMANN, President. JAMES A. SILVEY, Secretary. Attorney to accept service in Minnesota, C. H. BIGELOW, St. Paul. Paid up Capital Stock I. ASSETS. $1,000,000 00 Market value of bonds and stocks owned. $1,474,380 00 Amount loaned on collateral security, (market value $482,853) .... Cash on hand and in bank..... 343,500 00 198,097 80 Interest due and accrued on bonds and stocks not included in market value... Premiums in due course of collection. 1,146 66 47,885 47 502,486 68 Amount required to safely reinsure all outstanding risks.. Total liabilities, except capital and net surplus. Joint stock capital paid up in cash.. Surplus beyond capital........ 7,527 44 $555,304 71 1,000,000 00 509,705 22 Aggregate liabilities, including paid up capital and surplas $2,065,009. 93 Net cash actually received for premiums.. $1,063,359 03 $940,481 57 97,138 52 $1,037,620 09 All other expenditures, viz.: Fire patrol, rent, stationery, advertising, &c..... Aggregate cash expenditures during the year. 81,638 11 $850,498 17 Total amount of outstanding risks, Dec. 31, 1875... $81,490,253 00 Total premiums received from organization of company to date.... 3,489,562 66 Total losses paid from organization of company to date.. VI. BUSINESS IN MINNESOTA, 1875. 1,444,791 36 Attorney to accept service in Minnesota, J. R. KING, St. Paul. |