INCOME. (As shown by the books at the Home Office at the close of business December 31.) 65,662 21 62,805 06 $2,183,215 02 Totals... $70,527 80 $331,465 70 $701,993 50 $139,427 75 $562,565 75 ! $73,531 74 $489,034 01 Total net cash actually received for premiums. $489,034 01 Interest on bonds and dividends on stocks. Interest from all other sources $4.823 56 2,876 76 From all other sources: Trust department,$5,791.63; bonded attorneys account, $1,389.78; profit and loss items, $33 61; exchange, $413.96; Increase in Surplus fund. Total interest and rents.. Profit on sale or maturity of ledger assets viz.: Stocks and bonds. DISBURSEMENTS. (As shown by the books at the home office at close of business December 31.) Gross amount paid for losses... Surety. $78,584 03 Net amount paid policy-holders for losses.. Investigation and adjustment of claims, including legal and other expenses in defense of suits against policy-holders, viz.: Surety...... Commissions, or brokerage, less amount received on retutn premiums and reinsurance for the following classes: Surety... Stockholders for interest or dividends, amount declared during the year. Salaries, fees and all other compensation of officers and home office employees. All other taxes, licenses and insurance department fees. Advertising.. Printing and stationery. Postage and express.. Furniture and fixtures. 11,255 37 147,079 99 46,835 00 28,174 59 2,746 88 779 56 13,633 01 2,934 46 9,553 90 9,074 00 100 10 Loss on sale or maturity of ledger assets, viz.: General expense account, surety department... General expense account, other department All other disbursements, viz.: Furniture and fixtures to profit and loss. (As shown by the books at the home office at close of business December 31.) Book value of real estate, unincumbered.. Mortgage loans on real estate, first liens.. Loans secured by pledge of bonds, stocks or other collaterals. Cash in company's office, $4,358.03; deposited in bank, $84,657.00.. Receiver's certificate.. Ledger assets as per balance.. $90,000 00 134,360 65 80,600 00 1,144,254 58 89.015 03 $1,571,531 13 On policies or renewals issued subsequent to October 1, 1905.... Surety. Book value of ledger assets over market value, viz.: Estimated loss-Receiver's certificate... 10,367 65 18.984 87 LIABILITIES. Surety. Losses and claims: Adjusted... In process of adjustment. Reported, proofs not received.. Total unpaid claims.. Gross premiums, less reinsurance, upon all unexpired risks running one year or less from date of policy, $598,707.28; unearned premiums, 50 per cent.. Gross premiums, less reinsurance, upon all unexpired risks running more than one year from date of policy, $2,394.25; unearned premiums, pro rata...... 300,550 77 Total unearned premiums as shown by recapitulation... Commissions, brokerage and other charges due or to become due to agents or brokers on policies issued subsequent to October 1, 1905, viz.: Premiums in force December 31 of previous year as shown by last year's statement.. Totals Deduct expirations and cancellations.... In force at the end of the year.. Deduct amount reinsured... Net premiums in force... Surety. $345,898 58 629,702 32 $975,600 90 358,884 02 $616,716 88 18,009 60 $598,707 28 Premiums in force December 31 of previous year as shown by last year's statement.. GENERAL INTERROGATORIES. Gross premiums, less reinsurance and return premiums, received from organization of company... Total losses, less reinsurance, paid from organization of company. Total dividends declared from organization of company, viz.: cash. Total amount of the company's stock owned by the directors at par value. Estimated liability on unpaid losses and claims, December 31, 1904, per last annual statement.. Decrease in above estimates during the year... Total... Losses and claims, less reinsurance, incurred during the year, viz.: Surety... $1,007,611 38 155,051 76 92,525 00 355,600 00 47,500 00 $64,952 57 31.454 12 $33,498 45 150.671 61 $184,170 06 78,584 03 Total... Deduct losses and claims paid during the year, viz.: Losses and claims of 1905, $67,873.41; losses and claims of previous years, $10,710.62 Losses and claims unpaid December 31, 1905..... $105,586 03 Give the largest amount insured in any one risk in each of the following classes: Surety, $500,000.00; title, $90,000.00. Surety. Title.. Totals.... Gross premiums $70,313 80 Amount of same $70,527 80 $70.527 80 BUSINESS IN MICHIGAN DURING 1905. Gross premiums or risks written or renewed during the year*. Gross losses paid*.. Gross losses incurred. *Less reinsurance in admitted companies. ACCIDENT DEPARTMENT. TRAVELERS' INSURANCE COMPANY. CONNECTICUT. (Incorporated June 17, 1863; commenced business April 1, 1864.) S. C. DUNHAM, President. Surety. $21,140 35 837 37 868 37 JOHN E. MORRIS, Secretary. Attorney for Michigan, James W. Thompson, of Detroit. CAPITAL STOCK. Amount of capital paid up in cash... $1,000,000 00 INCOME. (As shown by the books at the home office at the close of business December 31.) Accident. Health Liability.. $358,640 12 394,992 55 59,595 27 $6,808,211 56 $15,217,269 06 DISBURSEMENTS. (As shown by the books at the home office at close of business December 31.) Totals..... Investigation and adjustment of claims, including legal and other expenses in defense of suits against policy-holders, viz.: Accident, $18,396.74; health, $45.00; liability, $479,848.53. 498.290 27 Commissions or brokerage, less amount received on return premiums and reinsurance for the following classes: Accident, $850,937.29; health, $67,425.24; liability, $764,309.19. 1,682,671 72 250,000 00 Salaries, traveling and all other expenses of agents not paid by commissions. Salaries, fees and all other compensation of officers and home office employees. 215,803 15 378,685 75 27.525 15 56,626 29 77,816 80 58,918 04 116,160 76 19,858 84 52,783 24 60,515 24 42,649 27 42.876 18 44,290 89 21,604 53 $5.892.562 81 |