Report of the Commissioner of Insurance of the State of Minnesota Volume 1 (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. 1909 Excerpt: ... CAPITAL, $400,000. INCOME IN 1908. Premiums other than perpetuals $999,559.11 Rents and interest 40,723.08 Premium on 2,000 additional shares company, s stock. 100.000.00 Profit on sale or maturity of ledger assets 6,461.56 Total income $1,146,743.75 DISBURSEMENTS IN 1908. Amount paid for losses $568,563.22 Commissions and brokerage 187,170.64 Salaries and fees of officers, agents, and employes.... 87,417.60 Taxes, fees, rents and other real estate expenses 48,564.89 All other disbursements 69,301.12 Total disbursements 961,017.47 Excess of income over disbursements $185,726.28 ASSETS DEC. 31, 1908. Value of real estate owned $15,961.56 Mortgage loans 518,567.50 Bonds and stocks owned 287.131.87 Cash in office and in bank 295,810.59 Accrued interest and rents 12,575.27 Premiums in course of collection 205,876.39 Deduct special deposit less $15,246.50 liability thereon.. 10,426.00 Total admitted assets $1,325,497.18 Assets not admitted $11,654.57 LIABILITIES DEC. 31, 1908. Unpaid losses and claims $86,545.36 Reinsurance reserve 748,294.80 Salaries, expenses, taxes, dividends and interest due.. 18,000.00 Commission and brokerage 2,000.00 Capital stock paid up 400,000.00 Total liabilities, including capital 1,254,840.16 Net surplus, $70,657.02 RISKS AND PREMIUMS, 1908 BUSINESS. Fire risks written during the year $147,373,559.00 Premiums received thereon 1,860,848.64 Marine and inland risks written during the year 2,950,070.00 Premiums received thereon 78,560.60 Net amount in force at end of the year $116,920,946.00 BUSINESS IN MINNESOTA IN 1908. Fire Risks. Tornado. Aggregate. Risks written $5,993,560.00 $1,476,300.00 $7,469,860.00 Premiums received 48,195.71 8,093.54 56,289.25 Losses incurred 31,731.46 25.00 31,756.46 Losses paid 26,658.04 25.00 26,683.04 Amo..