Attorney in the State of New York, HORATIO DORR, New York city. I. ASSETS. Real estate owned by the Company, unincumbered Loans on bond and mortgage upon which more than one year's interest is due (of which $18,000 is in process of foreclosure)..... 25,500 00 Total value of mortg'ed premises (buildings insured for $1,197,595).... $2,881,350 00 Cash in the Company's principal office in currency Cash belonging to the Company deposited in Essex County Gross premiums in due course of collection. Aggregate amount of all actual, available Assets 11,628 89 21,541 59 12,660 97 $1,064,988 24 $10,000 00 Net amount of all unpaid losses and claims e-insurance at 50 per cent of premiums on fire risks under one year.. $79,579 89 Re-insurance, pro rata, on fire risks running more than one year...... 15,000 00 Amount required to safely re-insure all outstanding risks.. Total liabilities, except scrip and net surplus and represented by scrip which is reserved as security for policyholders... 94,579 89 237 50 4,248 55 900 00 $109,965 94 632,447 16 Et surplus.... 322,575 14 Aggregate Liabilities, including scrip and net surplus.... $1,064,988 24 III. INCOME DURING THE YEAR. Net cash received for premiums (all fire)... Interest received on bonds and mortgages.. $166,498 82 65,627 31 Interest and dividends received from all other sources. 2,796 65 3,193 03 Aggregate Income received during the year, in cash ..... $238,115 81 Salaries and other charges of officers, clerks and other employes.... 30,528 27 Amount paid for State, national and local taxes.. All other payments, viz.: Stamps, $1,661.55; repairs and miscellaneous, $651.23; total... Aggregate Expenditures during the year, in cash... V. MISCELLANEOUS. Scrip. Net cash participating premiums received during the year Risks and Premiums: Amount in force having not more than one year to run... Perpetual risks in force, and the interest premiums thereon. Aggregate net amount in force.. General Interrogatories: Total premiums received from the organization of the Company to date.. Total dividends declared since the Company commenced business ...... ... Fire risks. $20,411,571 573,900 441,704 $21,433,175 Business in the State of New York during the year: 3,018 82 $670,650 4.451 389 LYCOMING FIRE INSURANCE COMPANY. LOCATED IN MUNCY, PA. [Incorporated March 20, 1840; commenced business April 18, 1840.] JOSHUA BOWMAN, President. JAMES M. BOWMAN, Secretary. Attorney in the State of New York, JOHN W. CHAMBERLIN, New York city. 1. ASSETS. Real estate owned by the Company, unincumbered.... Cash belonging to the Company deposited in First National Net premiums in due course of collection Aggregate amount of all actual, available Assets..... 71,328 21 700 00 69,514 21 106,922 00 129,153 24 5,064,832 88 $5,460,769 20 $98,373 95 Net amount of all unpaid losses and claims .... Aggregate Liabilities 215,752 11 2,737 09 $316,863 15 $456,258 93 640 87 Net cash received for premiums (all fire)... Interest and dividends received from all sources. Income from all other sources, viz.: Amount of assessment on premium notes collected 579,997 95 Aggregate Income received during the year, in cash..... $1,036,897 75 IV. EXPENDITURES DURING THE YEAR. Gross amount paid for losses Deduct salvages and re-insurances.. ..... .............. $824,250 83 Net amount paid for losses (all fire).... $824,137 05 Paid for commissions and brokerage. 100,460 08 16,361 86 7,871 59 Amount paid for State, national and local taxes... All other payments, viz.: Interest on borrowed money, $1,064.72; stationery, printing, rents, licenses, postage, advertising, etc., $52,163.41; adjusting losses, $11,900.46; total... Aggregate Expenditures during the year, in cash 65,128 59 $1,013,959 17 Total amount of losses incurred during the year Total premiums received from the organization of the Company to date. FOREIGN FIRE INSURANCE COMPANIES. ABSTRACTS, COMPILED FROM THE ANNUAL STATEMENTS OF FOREIGN FIRE INSURANCE COMPANIES, SHOWING THEIR CONDITION ON THE 31ST DAY OF DECEMBER, 1871; ACCOMPANIED BY SUPPLEMENTARY ANNUAL STATEMENTS MADE BY THE ATTORNEYS OR GENERAL AGENTS IN THIS STATE, SHOWING THE CONDITION OF THE AMERICAN BRANCHES ON THE 31ST DAY OF DECEMBER, 1872. |