LEDGER ASSETS. (As shown by the books at the home office at close of business December 31.) Book value of bonds, excluding interest, $6,374,724.61; and stocks, Cash in company's office, $2,111.53; deposited in bank, $525,100.55. Agents' debit balances.. Ledger assets as per balance.. $8.746.233 62 527,212 08 8.876 48 42,384 07 $9,324 706 25 $150,950 00 151,676 23 490,442 69 $9,966,825 17 51,260 55 $9,915,564 62 2,211,324 00 $2,362,274 00 Losses and claims: In process of adjustment. Reported, proofs not received. Resisted... Net unpaid claims, except liability claims.. Special reserve for unpaid liability losses............. Total unpaid claims and expenses of settlement...... Gross premiums, less reinsurance, upon all unexpired risks running one year or less from date of policy, $4,533,873.53; unearned premiums, 50 per cent.. Gross premiums, less reinsurance, upon all unexpired risks running more than one year from date of policy, $202,756.24; unearned premiums, pro rata... Total unearned premiums as shown by recapitulation.... Salaries, rents, expenses, taxes, bills, accounts, fees, etc., due or accrued. Reserve for unreported indemnity claims... Additional reserve allowed by the company. $2,266,936 77. 592,421 45 2,859,358 22 85,000 00 100,000 00 64,647 61 $297,396 31 $5,471,279 83 $1,000,000 00 4,444,284 79 $9,915,564 62 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. $83,333.658 79 34,042,718 88 3,183,000 00 600,000 00 103,900 00 24,600 00 Loaned to stockholders not officers.... 58.450 00 Estimated liability on unpaid losses and claims, December 31, 1904, per last annual statement. Decrease in above estimates during the year. $1,472,282 24 57,125 00 $1,415,157 24 Total.... Losses and claims, less reinsurance, incurred during the year, viz.: Total....... 3.489.999 76 $4,905,157 00 Deduct losses and claims paid during the year, viz.: Losses and claims of 1905, $2,179,061.69; losses and claims of previous years, $66,425.00..... Losses and claims unpaid December 31, 1905... 2,245,486 69 $2,659,670 31 Give the largest amount insured in any one risk in each of the following classes: Accident, $50,000.00; health, $250.00; liability, $50,000. UNITED STATES CASUALTY COMPANY. (Incorporated May 2, 1895; commenced business, May 3, 1895.) Home office, 141 Broadway, New York City. BENJAMIN F. TRACY, President. EDSON S. LOTT, Secretary. Attorney for Michigan, Peter White Phelps, of Marquette. CAPITAL STOCK. Amount of capital paid up in cash.. Amount of ledger assets, as per balance, December 31, of previous year. $300,000 00 $1,687,486 40 INCOME. (As shown by the books at the Home Office at the close of business December 31.) 4,160 42 $1,179,586 50 $2,867,072 90 Total interest $150 41 61,600 65 61,751 06 Profit on sale or maturity of ledger assets-bonds. DISBURSEMENTS. (As shown by the books at the home office at close of business December 31.) Investigation and adjustment of claims, including legal and other expenses in defense of suits against policy-holders, viz.: Accident, $6,582.70; health, $847.29; liability, $19,612.00; steam boiler, $124.87; burglary and theft, $84.05; sprinkler, $280.23.. Commissions or brokerage, less amount received on return premiums and reinsurance for the following classes: 27,531 14 Accident, $155,831.46; health, $34,526.99; liability, $107,536.40; steam boiler, Salaries, fees and all other compensation of officers and home office employees. Loss on sale or maturity of ledger assets, viz.: Bonds All other disbursements, viz.: Telegrams and telephone. $1,244.78: fees of directors, $2,705.00; miscellaneous, $8,584.65; profit and loss, premiums uncollectable, $195.96..... Total disbursements.. Balance... 317,860 82 98,312 82 37.652 84 18.449 65 14,880 34 45 47 22,621 25 819 20 1,827 90 24,776 89 9,039 85 1.938 23 849.17 12.730 39 $1,027,534 44 $1,839,538 46 LEDGER ASSETS. (As shown by the books at the home office at close of business December 31.) Book value of real estate, unincumbered.. Book value of bonds, excluding interest, $1,288,113.76; and stocks, Cash in company's office, $16,081.30; deposited in bank, $87,438.93.. Ledger assets as per balance.... NON-LEDGER ASSETS. $5.000 CO 1,729,988 76 $1,839,538 46 |