Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1904-06-02
ANNUAL STATEMENT
For the year ending December 81, A. d.
1903, of the condition of the Ia
AMERlCAN BONDING COMPANY

tars, samuel H. Shriver Incorporated
January ID. 1898. Principal office.
Equitable 6@u ~ ann B snhm Md
Amount of capital stock
paid up in cash .......... $1,000 600
Amount OF net ledger as
sets December Slst of pre-
Ii INcoMEE' DURING YEAR E,a,ls'0''0'
Gross premiums unpaid Dec.
81, last Year .....,........ sos, 6S9. "a
Gross premiums on risks
written and rendered dur
ing year ......,.......... 726. 1876. ss
Total ..................... $3.50, 12o. 81
Deduct gross premiums in
course of collection at this
date ................... 1O6 13S. SO
Total .................... $S32. 1882
Deduct gross premiums in
course of collection at this
date ..................... 1O6 1886
Entire premiums collected
during the year. ..,...... ST25 SOL 16
Deduct reinsurance, abate-
ment, rebate and return
PieHiiuinS .........-- io,o1OoS
Net cash actually received
for premiums Carried OUT $685. 1908
Total interest and rents... $63.656,29
Income from all other
sources, viz:
Trust income ........... S2,3S5. 40
Collateral deposits ......... 126,994.S1
III Observation-Disclosures DuiR1NG THE
YEAR.
Gross amount paid for
losses .................... Ss76, 0.s2
Deduct reinsurance and
SalVaBeS lo4,4l2.0S
Net paid policyholders. $271, 7.S24
To stockholders for interest
1a on a,yidsnds $685. g esS GO
Salaries, travelling and all
expenses of agents and
sion account .............. 42,s26.2e
| pensat4n of officers and
| home Office employees. $3.50. 65,5l. 10
Commissions and broker
Rent, repairs and expenses s,l2l.6s
Legal expenses and taxes. 4O.697.25
Furniture, fixtures and
| loss on maturity of ledger
assets ..............,.... 131.0l2.72
| eral printing, stationery
and postage 44,alS.I2
All other items ............. rs, 81
Total disbursements 49,. $500. 80
AS per ledger accounts
| shown by books at home
office December 31st.
| Book value of real estate. S72, Coz %
| Loans on mortgage on real
/ .
Loans secured by pledge of
| ketabie collaterals -. 100000 90
Book value of bonds and
stocks owned absolutely,
| excluding interest ....... 1,34o, l.3s
Cash in companys Office. lO.512. %
| Cash deposited in banks. - 271,17332
| Bills receivable; secured. -. 3l,1l5.63
| Non-ledger assets:
Interest due and accrued on
mortgages ........... l,ooooo
| Interest accrued bonds
and stocks ................ 14,37775
era eral loans .............;... 2,s7e62
| Interest due and accrued on
other assets .............. 2,o3l.4l
Gross premiums in course
of collection .............. lOo, 10000
Gross assets ............ s215e,1s775
Deduct assets not admit
Book value of ledger assets
and stocks ....i......... 1s,35663
Total admitted assets. 10. s2.142, s31.12
! v. LIABILITIES.
Known or reported; proofs
Gross premiums upon all
| unexpired claims, running
| one year or less from date
due due agents agents 49,. 2O.sse.s5
peinsnrahce - 9S5. SO
| Other liabilities ......... 5S3,a16S4
|
Total liabilities ......... $1,Oo9, 5s3N
Joint capital actually paid =.
| up in cash ................ $l,OOO,oOOoo
't other liabilities ........... 133,24721
! vi. EXHIBIT OF PREMIUMS.
Premiums outstanding at
| the date of preceding
| statement ............,.... 500,
" statement . .... . FOG, So
| Total s1,329 .916O2
Cancelled and expired dur
| ing the year .............. CAV, o4l w
Reinsured during the wear. 15,2I2 10
BUSINESS IN THE STATE OF SOUTH
| DAKOTA DURING THE YEAR 1908.
| Gross premiums or risks
| written or renewed ...... S931 ~
| Losses paid ... 1,175OO
! Losses incurred ............ 1,17500