Kingsbury County independent. (DeSmet, Kingsbury County, S.D.) 1894-1929, 1910-07-01

ANNUAL STATEMENT
For the Year Ending December s1st,
FIRE xssocIxTioN OF PHiLA-
s'E::A
Organized under the laws Of the State
OF Pennsylvania, made to the Com
missioner of Insurance OF the state OF
south Dakota pursuant to the laws
thereof. President, e. c.. irwin; Sec
March 81, 1920; Commenced business.
Sept /, 1915 Home of1ce, <07-40s Val
nut street, P%hiIadslPhia, s1 Pa.
Amount Of Capital paid up
ance) December 31st OF
previous se Il INCOME INCOME. ''s'0'''''i0
Total Premiums (other.
than perpetuals) ........3a,143, $3.50
Deposit premiums OF per-
petual risks (gross) ..... 2S.0S6.50
Gross interest and rents
from companys' proper
ty. including amount for
for c~ompany's own oc-
of Ledger Assets ....... ss,45s.55
From ali other sources. 6.177.26
Total 1ncom. ...........n.57s.124.21
Net amount paid for losses. 81. 106, 1910
Deposit premiums returned 6b,1S6.l9
Paid stockholders for in
terest or dividends..... 800, 100000
Commissions or brokerage. SS7,17f.44
Salaries, fees and all other
charges of officers. clerks
agents and other en-
Rents. including amount
cupancy ............... 15.71s.1s
Repairs and expenses Goth
estate .................. 7,6s7.so
ance department fees -. 1s5.s5o.so
Loss on sale or maturity or
ledger Assets ....,.... 3,471.41
All other disbursements. 202,4l3.ll
Total Disbursements. A,o71. ss7.s4
Balance IS, 454.sos.s7
Book value of real estate
~unincumbered 49,. 309.772.7l
Mortgage loans on real es-
tate, first liens ......... 2,o66,eo4.9s
Loans secured by pledge OF
bonds, stocks or other ,oo,e.s
BOOK value Of bonds and
stocks excluding interest 4,s3s'6sl.Zs
Cash In sompany's ONCE 6,sSaaa
eash IN bank ncs ssS,si ia.ss
Total ledger assets 49,. ss.454.603.67
NON-LEDGER ASSETS
interest and rents due and 1885,.
accrued ........ ...... oE'Sso'oo
Total ........ ss,5s7.oo1.s7
Market value Of bonds and
stocks over book value. ZZ.Sil.sa
Other n~on-ledger assets. 4.oSo.iz
Cross Assets .ss.6e4,o2s.9s
DEDucT ASSETS NOT ADMITTED.
Company's stock .......... 10,sS6.00
Agents balances ......... l7,65l.9Z
Depreciation from book
value of Ledger Assets
to bring same TO market r-,
value $685.. .-.-..... 0'fdt'i
Total .,.s S4,284.63
Total Admitted Assets .ss.52s,744.a3
v. LIABILITIES
ana claims ..i""........ 322,s75.2 6
rot ap u nearned premiums. s.44O,sss.ss
Amount reciaimRble by the
Insurance policies -. 1855 2s.o1
Ali other liabilities. ....... 32,585.00
Total amount of all liza
bilities, except capital: .$S,<bs,S21.2o
Capital actually paid up In "a
surnlus over all liabilities 2,s2o,417.13
Surplus as regards policy
holders ....... ......... e,ofV'Aif,i9
Total ......sS.5as,744.8
i0'Vai vi. RISKS AND PREMIUMS.
In force on the S1st day
of December OF previous
year I.srT.sT T1I SoS4'oSf'l'z'o
| Written or renewed during "A
the year ..........-.. 4oo'foV,oof.VV
Total ......... ......s1,O 7S. oo4. TOE. 90
Deduct those expired and
marked off as ermin : a.
In force at the end of the o,,m
| Deduct amount reinsured 5000 s63 90
Net amount I'M force. .S5e4, 804.S3S.00
BUSINESS IN THE STATE OF SOUTH
DAKOTA DURING THE YEAR 1908
Risks written ....,.....Sl'adz'eS9'voo
Premiums received ....... 2l,574.4S
Expenses incurred ......'. a,a6S.eV9
| Losses paid ...... 1880. 2,55s'oo
Losses Incurred ........... 2,5oo.t4
Amount at risk .......... 2,362,143.oo
STATE OF SOUTH DAKOTA,
Department OF Insurance
Company's Certificate of Authority:
whereas, The Fire Association or
| Philadelphia, a corporation organized
under the laws of Pennsylvania, has
fled in this ONCE a sworn statement ex-
hibiting It's condition and business Tor
the year ending December 81, is3s,
conformable to the requirements or the
laws Of this state regulating the Dust
! ness OF insurance.; and, ],
Whereas, The said company has MED
in this ONCE a duly certified copy or
its charter, with certificate or organ
ization In compliance with the require
ments of the Insurance law aforesaid;
Now, Therefore. /, O.. s. Basford
Commissioner of Insurance OF the state
of South Dakota. pursuant 70 the Pr
visions of said laws, dc hereby .certity
nat the above named company Is fuiiy
empowered, through Its authorized
| agents to transact It's a~pproPrIa.e
business of Fire and Tornado insur-
! ance in this state, according to the
laws thereof, until the 2Sth day or feo-
ruary A. D., 1911.
In Testimony whereof. ] have here
unto set my hand and oficial seal ~
Pierre, this 18th day OF February a.
D. 1910. .ro,1
49, Commissioner OF Insurance.
ANNUAL STATEMENT
49, Ar x-.r Kr~Nfu~ naraunhar 41af