Report Volume 31, PT. 1; Business of Insurance Companies (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1899 Excerpt: ... paid to stockholders. $11,921.55; increase iu same due to stockholders, $78.15 12,000 00 Decrease in surplus for year 9,988 94 Surplus at end of year $227,985 7 3 Ratio of total "net losses incurred" to total "net premiums earned" 63.3 per cent Ratio of total "expenses incurred" to total "net premiums earned" 57 per cent NATIONAL INSURANCE COMPANY. 5tear Ending December 31, 1898. Located at No. 43 South Diamond St.. Allegheny, Pa.; commenced business April 25, 1866; commenced business in Illinois August 5, 1896.) JOHN THOMPSON, President. H. M. SCHMITT, Secretary. A. C. COLLINS, Attorney in Illinois, at Chicago. CAPITAL. Capital stock authorized S200.000 00 Capital stock paid up in cash 100,000 00 Amount of net ledger assets. December 31. of previous year 8294.993 68 INCOME. Fire. Entire premiums collected during the year S73.807 74 Deduct re-insurance, rebate abatement, and return premiums... 12.829 54 Received for premiums S60.978 20 Rents received 354 50 Interest received on mortgages 16,155 19 Interest and dividends on stocks and bonds 60 00 Total rents and interest 16,569 69 From all other sources, viz.: Profit and loss account, $31.57; commissions. S3.U37.95 3,969 52 Total income 881,517 41 Total footings $376,511 09 DISBURSEMENTS. Fire. Amount paid for losses during the year S30.772 49 Deduct amount received for salvages and from re-insurance in other companies 5.990 76 Net amount paid for losses $24,781 73 Dividends paid to stockholders (amount declared during the year.$12,000.00).. 11.766 00 Commissions or brokerage to agents 14,578 25 Allowances to agents 844 48 Rents paid 800 00 Salaries, fees and all other charges of officers and clerks 6,139 92 Taxes on premiums and real estate 522 62 Insurance departmen...