Kingsbury County independent. (DeSmet, Kingsbury County, S.D.) 1894-1929, 1910-06-24

ANNUAL STATEMENT
For the Year Ending December s1st,
OF tho conditions and affairs of the
FIRE ASSOCIATION OF PHILA-
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
rotary, NJ. G. Garrigues; Incorporated,
March 81, 1920; Commenced business.
Sept. /, 1917; Home office, 407-409 Wal
nut street, Philadelphia, Pa.
l.. CAPITAL STOCK
A in cash oi oapi'ai pau up, $50, 900 90
Ledger Assets (as per bal
ance) December 31st of
previous year Il INCOME. ''''l'
Total Premiums (other.
than. perpetualS) ...,.... 457.50
petual risks gross -. 2S,O36.5O
Gross interest and rents
from companys' proper
~, including amount for
for company's own oc-
Of Ledger Assets ........ 38,45S.55
From all other sources. 6,l77.26
Total Income .s4576,124.21
III. DISBURSEMENTS
Net amour paid for losses $2,1O6, 1910
Deposit premiums returned 55,1S6.l9
Paid stockholders for in
terest or dividends. SOC, 100000
Commissions or brokerage. S37,174.44
Salaries, fees and all other
charges of officers. clerks
piRoyes ...... 4OS,55O.76
Rents, including amount
cupancy 15,71S.13
Repairs and expenses Goth
Ar than taXnGl on real
estate ,....... 7,6S7.9O
ance department fees 49,. 135,65O.6O
Ledger Assets ......... 3.471.41
All other disbursements. 202,413.ll
Total .... $ .O71, 997.64
D"''" ". LEDG:EiR AjssEETrs
! Peck "alne Of s~a! estate
u~nincumbered -. $500. 3O9,772.71
Mortgage loans on real es-
tate, first liens ......... 2,O66, 9O4.9S
Loans secured b pledge OF
bonds, stocks or other
BOOK value of bonds and
stocks excluding interest 4,S39,561.23
Cash in ~oompany's ONCE 6,86II4
Cash In bank ...... 1890. 3e5,635.35
Agents balances ........ 6S7.647.SS
Total ledger assets ....$ S.4546O3.67
NON-LEDGER ASSETS
i" accrued 80 ''',' ....... S2,39S.3o
Total SIS, 537, O01.s7
Market value OF bonds and
stocks over book value. 22.94l.2I
Other ~non-ledger assets. 4,OS5.I2
Gross Assets ...........sS,564,02S.9 90
DEDUCT ASSETS NOT ADMITTED.
Company's stock .......... 10, SS5.00
Agents balances .....,... lI.65l.92
r,4 [ n frnna hail
value of Ledger Assets
to bring same to market
value $1,000. .........'. o''4'''I
Total ..... ...........s 34.2s4.68
Total Admitted Assets ..SS,529,744.33
v. LIABILITIES
and claims .-.'...;......$ 322.S55.2s
Total unearned premiums. 3,440,33S.93
Amount reclaimable by the
Insurance policies 100. 1,sS3,52s.O1
All other liabilities ....... 32,585.OO
Total amount of all La
bilities. except capital $5,459,327.2o
! Capital actually paid up in
Surplus over all liabilities 2,s2o,4I7.13
Surplus as regards policy
holders $4,000. ...':''.. o'V'"'fA''Ao
Total ............ ......$S,52s.744.3S
In force on the 31st day
OF December of previous
wear ........ .......$594,524,1T2.00
written or renewed during
the year ............. 48S,4SO,e34.oo
Total ......... 81. O7S, Oo4,7Os.OO
Deduct those expired and
marked off as termin-
In force at the end of the
year ............ -. oao,oto'"t-.v"
Deduct amount reinsured 5000, 967 90
Net amount in force. $5948 800, $500
BUSINESS IN THE STATE OF SOUTH
DAKOTA DURING THE YEAR 1909
Risks written Z'6So.oo
Premiums received ....... 21,574.4S
Expenses incurred ........ 4'a6S.99
Losses pasa -...-. "..s'sr' o.ooz'3o
Losses Incurred '.'.'...''. ooe52SS'odd
Amount at risk .......... 2,362, i43.Oo
STATE OF SOUTH DAKOTA,
Department of Insurance
Company's Certificate OF Authority.
whereas, The Fire Association OF
Philadelphia, a corporation crgahiZeu
filed in his office a sworn statement ex-
hibiting its condition and business Tor
the year ending December 81, 1909,
conformable to the requirements or the
laws OF this state regulating the ousi-
ness OF insurance.; and,
Whereas, The said company has nled
in this Office a duly certlned copy or
its charter, with certificate OF organ
ization, in compliance with the require
ments Of the insurance law aforesaid;
Now, Therefore, /, o. S. Basford
Commissioned of Insurance OF the state
Of South Dakota, pursuant to the pro-
visions OF said laws. 30 hereby certtry
that the above named company is fuily
empowered, through it's authorized
agents to transact it's appropriate
business OF Fire and Tornado insur-
ance in this state according to the
laws thereof, until the 2Sth day of Feb
ruary A. D., 1911.
In Testimony whereof. ] have here
unto set my hand and official seal at
Pierre. this 10th day OF February, A.
d. 1910.
1Sean o. s. BASFORD,
Commissioner of Insurance.
ANNUAI STATEMENT