The Black Hills union and western stock review. [volume] (Rapid City, S.D.) 1904-19??, 1910-07-01
ANNUAL

ANNUAL STATEMENT
For the Year Ending December S1st,
OF the conditions and Affairs Of the
INSURANCE eSMFHSx OF NORTH
Organised under the laws Of the State
Of Pennsylvania. made to the Commits.
s snMtS n Of Insurance Of The ,S STATE 1a1 ..
Secretary. T. Howard Wright; 1ncor-
porated. April "a. 1854; Commenced
ice s32 walnut street. Philadelphia,
I. CAPITAL STOCK.
Amount Of Capital paid up ooo ooo ~
Ledger srs Assets Gas per bal:
ance) December 31st of
previous year Il. iYcoMB l1's+5 '501'''
Total Premiums (other
than perpetuals) .......$ 8,599,002.04
petual risks lgross).... 1s.45s.47
Interest and rents from
company's property, in
pany's W occupancy.. 4~e4.147.o7
Profit or sale or maturity
of Ledger Assets $500. 5,534.01
From all other sources. 64.025.O0
Total Income ..........s s,146,1s1.5s
losses 4,ss7,ss1.72
Deposit premiums returned 17,5O3.S6
Paid stockholders for in
terest or dividends $3.50. 6 100000
Expense OF adjustment and
%settlen ent of losses... 57,210.60
Commi sions or brokerage 1,939,942.70
Salarj IS. fees and all other
charges of officers. clerks,
agents and other en-
Rents, including amount
for company's own oc-
Repairs and expenses
(other h taxes) on
real estate ............. 5~,317.S5
Taxes. licenses and insur-
ance department fees. 21O,5O1.41
Loss on sale or maturity
OF Ledger Assets ...... 100000
Decrease in book value OF
Ledger Assets ......... 2,062.5O
All other disbursements. 247,131.95
Total Disbursements....s 7,s5s,1o4.42
Balance ...............s1s,1s3.55s.l
Book vale of real estate
~unincumbered .........$ 364,410.OO
esta1e' first liens ....... 373,so3.4s
Book value of bonds and
stocks excluding inter-
Cash in company's Of .
Cash In bank .... 1.12s,3ss.s5
Agents balances ......... 1,391.721.62
Bills receivable .......... 25.229.79
Total Ledger Assets: :s1a:1as.5 5s.12
NON-LEDGER ASSETS
Interest due and accrued..$ 60,904.34
Total .,1s.1s4.4es.4s
o, ;ssst so W. sssE as ys!S:: 1t t5::iss:2s
Gross Assets ga. ss5, sol. Sc
DEDUCT ASSETS NOT ADMITTED
Agents balances .........$ 11,SS3.54
Bills receivable, past due. 49,.
taken for fire riskS..... 2S7.5O
4 Tsss' Admitted faiiAS S; + s.s7s;5 sss5:ss
Net amount of unpaid
losses and claims. ......s s77,250.00
Total unearned premiums. 6,0o7,476.S6
Amount reclatmable ny
the insured on perpetual
fire insurance policies. 756,3So.o1
Commissions. brokerage
and other charges due or
to become due to agents
and brokers ........... S0,OOO.0O
Reinsurance premiums. 24,9S2.45
Total amount of all LA
bilities, except capitals 7,796,O94.92
Capital actually paid up
IN caSh ............... o,VVV'oVO.VV
Surplus over all liabilities. 2],677,235.6O
Surplus as regards policy.
holders ..............$ o,5fI,255.oo
Total ,s3o.52
In force or the 31st a
OF December Of previous
Written or renewed dur
inK the ...... 1882. s65, 3ss.0o
Deduct retSr those expired
and marked of as =,
terminated .......... 1.lSo,l eo'olo.oV
In force at the end Of , ~
the year ;:.s sso''oz's'''o
sured ............... 74.1s1,s 31.oo
Net amount in force 5 922.57l,546:Oo
BUSINESS IN THE STATE OF SOUTH
DAKOTA DURING I'll YEAR 1909
Risks written ACKNOWLEDGMENT
Premiums received ........ 26,72o1s
Losses paid s,S S4s,s s.
Staff OF SOUTH DAKoTA.
Department of Insurance..
Company's Certificate Of Authority
y Whereas the Insurance Company OF
r North America. a corporation organized
under the laws of PENNSYLVANIA, has fill
ed in this office a sworn statement e es,
) the year ending December 81, 1909 con
: :ormable to the reauirements of the
laws Of this state regulating the bust
ness of insurance.; and,
Whereas. The said company has filed
in this office a duly certified copy OF
its charter. with certificate OF organic
alton in compliance with the require
: ments Of the insurance law aforesaid
Now, Therefore, I. o. S. Basford
! Commissioner Of Insurance Of the State
, Of South Dakota, pursuant to the pro-
= visions of said laws. do hereby certify
that the above named company is fully
empowered, through its authorized
agents to transact it's appropriate bust.
ness Of Fire and Marine and Inland In.
surance In this state, according to the
, laws thereof until the 28th day Of Feb.
ruary. A.. D.. 1911.
In Testimony whereof, I nave here.
INTO set my hand and official sea.
1T Pierre, this 18th day of February
a. Z. 1910.
(Seal) O.. S. BASFORD,
Commissioner OF Insurance