Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1907-07-11
ANNUAL STATEMENT
For the Year Ending December 3tst,
"A. II. 1906,
OF the conditions and affairs Of the
PHENix INSURANCE COMPANY.

VI the conditions and affairs Of the
Z PHENix INSURANCE COMPANY, ~
Organized under the laws Of the State
OF New York, made to the Commissioner
OF Insurance of the State of South Da-
President, Geo. P. Sheldon. Secretary.
Chas f. Roster Incorporated, Sept.
~. 1853 Commenced business, Sept. 10,
City of New York, N. Y. 81
1. CAPITAL STOCK.
Amount of capital paid up in
ta) Amount OF ledger ledger assets s1'000'0'000
las per balance) December
3lst of previous year....... 6, So, O13.29
lol increase OF paid up capital
curing the year. ............ 500, 10000
II. INCOME.
Total premiums (other than
perpetuals) ..................$6,16 6 1858. IS
Interest received .......... 3l5,6OO72
Gross rents from companys
property, including amount
Tor company'S own occupant
cy ................7... 42,64479
Profit on sale or maturity of
ledger assets ............ 95,s4l.5O
From all other sources. ....... LOO, O2672
Total income ............ So, s2l, 90. 9s Z
Ill. DIsBURSEM. s.
Net amount paid for losses. .$6,O11, 52O. 10
Paid stockholders for interest
or dividends ................ 900, 100000
Commissions or brokerage. POI. J39.11
Saiarles, lees and all other
charges OF officers clerks,
agents and other employees. 456, 561 20
Rents, including amount for
company's own occupancy. 50,91O43
Repairs and expenses (other
tnan taxes) on real estate. 15,651.02
Taxes. licenses and insurance
department fees ............ 15i,51S1S
Loss on sale or maturity of
ledger assets OBSERVATION-DISCLOSURES. 1O141.28
All other disbursements ...... SOS 5000
Total disbursements 1850. .$s,67s.os2.93
Balance Observation-Disclosures. .$s73i.O O7.33
IN. LEDGER Ae 'ETS.
Book value of real estate unin-
cumbe,e ed ............ ....... $401, .3e
Mortgage loans on real estate,
first liens ,....... .....'....-. 100000 !.
Loans secured by pledge of
bonds, stocks or other col
Book value OF bonds and
stocks, eXncluding interest. $3.50, o35. %
Cash In company's. oftice.... 655.2S
| Cash in bank ................. $50, 35537
Agents balances ...,......... 9Bs,3571O
Total ledger assets. :. .ss, TS1,oo7.s SO
NON-LEDGER ASSETS.
, Interest due AMI accrued. $50. se,s6e.15
, Rents due and accrued ........ 3 196.OA
| Total .......... $1oo85. 10
Market value of real estate,
over book value ............. 1856 595. 81
Market value Of bonds and
os i5esfs ass,sa ees
l.
Gross assets so, so, 1921. 40
DEDUCT ASSETS NOT ADMITTED. {
Total admitted assets. ~. SO, 5u1 321. 40
| v. LIABILITIES
| Net amount OF unpaid losses
To aad S Snearnsd premams ssseiSsl IS
Return premiums and reinsur-
ence premiums ............1...9. 95s6.21
/, Due and to become due for
/, borrowed money ........... 100 600
Total amount of all liabili-
ties, except capital. 49,. &c. 74, 497. SO
Capital actually paid up in
Surplus over ali liabilities. 1861 sss7
Total ................ !. /. SO, sol ,ss21 40
VI. RISKS.
In force on the 31sr day
of December of previous
year .......t........... 1927, 4Os, 294.OO
Written or renewed during
The year 4.'..... ....5..s.... 90 los, SGH1.OO
Deduct those expired and, ''S 3 ,ye
marked off as terminated 622 600, co
In force at the end of the
year .....5.... $3.50. 93O, 33l ,497.OO
Deduct amount reinsured.. &C .6g3364.DO
Ne. amount in force... $500, 934, 1890
BUSINESS IN THE STATE OF SOUTH
DAKOTA DURING THE YEAR 1906
Premiums received ........... 43,S36.l4
Expenses incurred ............ 13,639.T5
Losses PAID ................,.. -, 430.l4
Losses incurred $3.50. .5....... Is U,34l.TI u
amount at rlSk .......t...l..... q, lol,lSl.OW s
STATE OF SOUTH DAKOTA.
Department OF Insurance.
ComDanys Certificate of Authority.
Whereas, the Phenix Insurance Com
pany, corporation organized under the
laws of New York has filed in this office a
sworn statement exhibiting its con-
clifton and business for the year end
ing December 81, 1906, contormaple 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
Now, therefore, 1, Len Doty, Com
missioner of Insurance OF the State OF
South Dakota, pursuant to the provisions
Of said laws. do hereby certify that the
above named company is fully smpow-
cred, through its author- 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, IA. d. 1907.
In testimony whereof,-l have hereunto
set my hand and official seal at Pierre,
this 3Qth day Of January, A. D. 1907.
CSeal.) LEN v. DOTY,
Commissioner of Insurance.
BY H. 3. Walseth. Chief Clerk.