Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1910-12-29
ANNUAL STATEMENT
Fer the Year Ending December alst,
A. ID. 1909.
nf tia conditions and affairs OF the

May 30, 1884; Commenced business,
August 1, 1884; Home office, Detroit,
Michigan.
/. CAPITAL STOCK
Amount of capital paid up. -..o ~
In cash ~ ovV,uuVOV
Amount OF ledger assets as
per balance December 81
of previous year -. 2,S64,9Ot.S5
II. INCoME.
Total premium income Us 2,439,94o.44
Consideration for supple
mentary contracts not in
volving life contingent
cies policy. fees 3696S 90
Total interest -. 80. 136,377.97
Profit on sale or maturity
of ledger assets -. ... 1.2I1.33
Total income " s. 1854, 5Gs.74
III. DISBURSEMENTS.
Net amount paid for losses S23,200.1S
Policy fees retained by ag-
Investigation and adjust '''
ment of claims -. $50. 129,97S.44
Paid stockholders for inter-
est or dividends -. 5T,5o0.oo
Commissions to agents -. 5S1, 530.S0
Travelling and all other ag
ency expenses and salar-
les -. .. " . 119.506.6S
Inspection of risks -. . 16,992.4G
Salaries and all other COM
pensation of officers and
home office employees -. 117.349.60
Rent including amount for
company's own occupan-
cy -. -. =. . s.635.O0
stationery. and postage 51,27c.59
Furniture and fixtures -. 4,327.72
Insurance, taxes, licenses
:, and department. fees = s7,s7s,s5
Taxes, repairs and eNpen-
ses on real estate -. . s7.4s
Loss on book value of led
ger assets . -. go. 6.959.95
All other disbursements 1O.74l.99
Total disbursements IS 2,032.92S.5S
Balance -. =. =. IS 3.466,54S.01
Nv. LEDGER ASSETS.
Book value of real estate 5.2o0.O0
Mortgage loans on real es-
tate first liens -. .... 3S6.6S7.O0
Book value of bonds 80. 2,559,400.0S
Deposited in trust compa-
nies and banks on inter-
est -. -. -. -. 800. 100000
Cash in company's office 4.231.16
Cash in banks -. -. -. 99,176.33
Premiums in course of col
lection -. =. -. 49,. S61,So3.5o
Total ledger assets ..$ 3466,54S.O1
NON-LEDGER ASSETS.
Interest due and accrued S 2S.917.6O
Market value of bonds and
stocks over book value 55,764.S7
Gross assets " - 1851, 230.4S
DEDUCT ASSETS NOT ADMITTED.
Premiums in course of coli
lection -. 49,. 25,171.T
Total admitted assets s 3,526.05S.11
v. LIABILITIES.
Unpaid claims - -. IS G76, 23O.55
Premiums unearned -. S46,633.3c
Commissions due agents :. 9S.SSS.S5
Salaries. rents. office ex-
penseS, taxes. bills, ac-
counts, fees due or
crued -. -. -. .. 53,595.44
Return premiums 80. 80. 15,049.09
Reinsurance -. -. ..... o207.64
Advance premiums -. 1888
Reserve for contingencies 100000
Capital stock -. -. -. 10000. 90
Unassigned funds tslr
plus) -. -. -. -. :. 1.1T9,350.O7
Total liabilities -. IS 1926, 05S.77
VI. EXHIBIT OF CERTIFICATES.
Policies in force December
81. 1905 -. -. -. IS 1,6o4,195.55
Policies issued during the
year 1908 -. -. .,... 2,537,511.5l
Total 49, 80 .s4,1417O .06
Ceased to be in force dur
ing the year and rem
sured in 1909 -. .. 24ss,s24e4
Policies in force Deem
Der 81. 1909 -. .....s 1.652, SS2 ~
Losses and claims unpaid
December 81, 900 64S,6S1.45
Losses ana claims incurred
during inc year 1909 :. $50, 72767
Total -. 49,. -. " IS 1.62a, 409.12
Losses ard. claims settled
during the year 1909 -. $50.
Losses and claims unpaid
during the year 1909 -. $40 SIS
BUSINESS IN THE STATE OF SOUTH
DAKOTA DURING THE YEAR 1909.
Losses and claims settled
during the year 1909 -. t,543.34
Premiums collected -. 5,591. 40
| Expenses in South Dakota
| during the year >. 1869
i