The Sisseton weekly standard. (Sisseton, Roberts County, S.D.) 1892-1929, 1906-05-04
ANNUAL STATEMENT
'r the lenr Ending December 3
A. ID, 1905

For the Year Ending December 81.
A. ID. 1905,
OF the condition and affairs of the
PHOENIX ASSURANCE COMPANY,
LIMITED, OF LONDON, ENG
LAND.
Organized under the laws of the King
dom of Great Britain, made to the
Commissioner of Insurance of the State
of South Dakota. in pursuance of the
laws Law OF said state AttoIneys for s sery
Dakota Information furnished by Com
missioner of insurance.. Organized or
lncorpor; ed January. u, 1882. Com
menced business in United tateS Octo-
Der, 1879.
PROPERTY OR ASSETS OF THE COM
PANY.
Accounts due from agents.. $254, 1l0.47
Cash in office. ............... 100. 80
Cash on deposit ............. 32l 1851 10
Reinsurance on losses paid. 4.150.S9
Stocks and bonds owned by
the company .............. 2,S31, 121.4I
Interest due and accrued.... 81. 1SJ 40
Total assets .......... S3.455ol2.l7
LIABILITIES.
Losses yet unpaid .. $136 375 90
Losses resisted ............. 11.9S6.0 90
Amount of unearned premi-
ums on all outstanding
risks Observation-Disclosures. 1,S69 49, 80
Reinsurance premiums .... "A. 40 I'll
Salaries due officers and en-
ployes Observation-Disclosures. 2.676. -
Total liza abilities ....... S.. O65. O62 %
INCOME OF THE COMPANY DURING
TIL YEAR.
Total premiums for the year. 81 1872. IS
Interest receipts .......... -. 1882
Received from home office. 1oG.9Sl 81
EXPENDITURE OF THE C PANY
DURING THE YEAR.
Commissions paid to agents. 40. 151 60
Salaries paid TO officers and
Taxes and fees to insurance
departments . T9,O46 10
Printing and advertising. is, 4os Al
Other expenditures .......... 1.l .TI2 ,S
Reunited To home office. 1GI ,GS9.39
Total expenditures ........ 81. All. 46s rs
RISKS
Risks outstanding ut the
date OF preceding state
ment Observation-Disclosures. .S453 662. 593 90
Risks written since pre-
cedlng statement ...y...... 366 GU ,2SSw
Total risks $500 $40. ssh 90
Risks cancelled and ex-
pired during the year...... 81, 46S 90
s44s,s7l, $4,000
Risks rensured during the
year Observation-Disclosures. sa3l7.72so0
Net amount of risks in
force ...................S 3G3,5,:;, 90
COMPANY'S STATEMENT OF BUSI-
NESS TRANSACTED in THE STATE
OF SOUTH DAKOTA DURING THE
YEAR.
Premiums on risks written. S6.o94S5
Amount of risks written.... 3G6, SO 90
Losses incurred during the
Losses paid during the year. 4,7Oo74
nf nv
THE STATE OF SOUTH DAKOTA.
Department OF Insurance.
Company's Certificate of Authority.
Whereas, The Phoenix Assurance Conn
under the lows OF Great Britain. has
filed in this office sworn statement ex-
hibiting its condition and business for the
year ending December 81. 1902 conforms
able to the requirements of the laws
of this state regulating the business of
insurance; and
Whereas, The said company has filed
in this office a duly certified copy of its
charter. with certificate of organization
in compliance with the requirements OF
the insurance law aforesaid;
Now. Therefore. l, John c. Perkins,
Commissioner of Insurance of the State
of South Dakota. pursuant to the pro-
visions of said laws. do hereby certify
that the above named company is fully
empowered through its authorized agent
Fire Insurance i'm this state. according
to laws thereof. until the 31st day OF
December. A. ID. 1906
In Testimony Whereof, I have hereunto
set my hand and official seal at Pierre,
this LIST day of February, A. D. 1906
(Seal) JOHN G. PERKINS.
Commissioner of Insurance.
BY II. L. Walseth, Chief Clerk.