Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1907-07-18
ANNUAL STATEMENT
For the Year Ending December 81st,,f
A. ID. 1905, 5a 81 3s
ofsthe conditions and affairs Of the

- ~ $500
A. ID. 1905, s ssls5
OF the conditions and affairs Of the Ss
PHENix INSURANCE COMPANY,
o ng Nlw ya under the LAWS ts state
Of Insurance OF the STATE of South Va
kota pursuant TO the laws thereof.
President, Geo. P. Sheldon. Secretary.
10, 1858. Commenced business, Sept. 10,
1SSs. Home office, No. 1e Court street,
City OF New York, N. ~
l. CAPITAL STOCK.
Amount Of capital paid up In
ta SA amount ;ii. Of ledger assets no'00oW
{as per balance) December
Slst of previous year....... 1858, 01S.28 rs
(bl Increase of paid up capital
curing the year.. bOO,OO0.OO IA
III. INCOME.
Total premiums (other than
ls sssss{a sss5,vss ssss sssas
Gross rents from conlpany's s.
property, including amount
for company's own occupant
cy ..'....53 42,644.19
ledger assets ............ 95,s41.5O
From all other sources. !, 100, 026.72
Total income ss,s2l, o7lss
H. DISBURSEM1z s.
Net amount paid for losses. !. SO, oil go rs &
Paid stockholders for interest
or dividends .........a.... 202. DOO. 90
Commissions or brokerage. -. LOS. 539. II IL.
Salaries, lees and ali other
charges of officers, clerks, y
agents and other employees. 456,5e1.2o
company own occupancy. 5o,a1o.49
Repairs and expenses Other
than taxes, on real estate. 15,651.02
IaNeS, licenses and insurance
department fees ............... 154,57s1s
Loss on sale or maturity of
ledger assets MISUNDERSTANDING. 10, 14i.28
All other disbursements 1850. 56S, 1sO90
Total disbursements {. -. SIS, 67s, os2. 9ss
Balance SIS, 7sl. oo7. a
IN. LEDGER As sETS.
Book value of real estate unin-
Mortgage loans NJ: on N real estate, 8
first liens ..,....Fi 4s 10000
| bonds. stocks or other coli
BOOK tse'., Value 81 bonds and oSo00o0
stocks, exneluding interest. ,2eo, ess,22
Cash in .company's office. 65b.25
i Cash in bank ....... 9S9, 353.3l
i agents. balances ...... $685.. 9GS, 3o7 10
Total ledger assets, Z. J. =. SIS ,77sl oo7.sa
1 NON-LEDGE ASSETS
j Interest due and accrued. $500. ID
i Rents due and accrued 3,l96.64
Total (. :. 4. ...:..... s1o,o65.79
Market value Of real estate,
i over book value ....i...:.. Isl Ice, 500. 81
Market value of bonds and .
stocks over book value. ..... sac, $685.
i Other non-ledger assets. SO, OS3.S9
| Gross assets ....,....l. !. SO, sol, 81. 40
i DEDUCT ASSETS NOT ADMITTEG.
Total admitted assets :. !. J. SO, sol ,$S21 40
v. LIABILITIES.
! Net amount of unpaid losses
and claims S3l4, SOS.ZA
Il Total 4unearned premiums. 49,. $3.50, JOB. 10
i Return premiums and reinsur-
ance premiums . !. !. -. 9,5ss.21
i Due and to become due for VI
i borrowed money O,OOOOO
Total amount OF all liabili-
ties except capital. 1900. 1874, 497 90 '
Capital actually paid up In -, s.
Surplus over all liabilities. 1926
Total /. ]. s. 1. \. So ,321. 40
VI. RISKS.
i In force on the 31sr day
/ of December of previous 81.
I Written orsrenewed during ,ss
the year ........... ..5.s.a. 625, 1873 10000
Total .. 8. D. !. s $50 547 90
] marked off as terminated 622, COB 597. 90 4
| In force at the end OF the
Deduct a,nount reinsured. 66,so3364O0
Ne. amount in force. $500, 9s4 1890
BUSINESS IN THE STATE OF SOUTH
| DAKOTA DURING THE YEAR 1905
Risks written ........ !. II. Z. So GAG, 727.O0
Premiums received ........... 45S38. IA
Expenses incurred ............ IS 639. %
Losses paid Observation-Disclosures. 20, 435s74
Losses incurred .............. 3u,34l.1ls ~
Amount at risk 8, 7Ol lSlO0 s
STATE OF SOUTH DAKOTA,
Department OF Insurance.
Company's Certificate of Authority
| Whereas, the PhenX Insurance Com
pany, corporation organized under the
| laws Of New York, has filed in this Office
sworn statement exhibiting Its con-
clifton and business for the year end
| ing December 81, 1906, conformaple to 4
the requirements of the laws of this state e
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
1 the insurance law afores 7;
| Now, therefore, I, Len Doty, Conn
missioner OF Insurance of the State o.
/ South Dakota pursuant to the provisions
| of said laws, do hereby certify that the
above named company is fully enlpow-
cred, through It's authoriT I'd agents, to
| transact its appropriate business Of Fire
and Tornado Insurance in this state. ac-
cording to the laws thereof. until the 31st
day of December. A. D. 1907.
In testimony whereof, Il have hereunto Is
| set my hand and official seal at Pierre,
| this 30th day of January, A. D. 1907.
| (Seal) LEN ". DOTY,
Commissioning OF Insurance.
BY H. E. Walgeth, Chief Clerk.