Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1910-12-15

Fer the Year Ending December 3lst. !
\. ID. 1909.
OF the conditions and affairs of the
STANDARD ACCIDENT ms. corr
PANY
Organized under the laws OF the State
OF Michigan, made to the insurance |
Department OF the state of South
Dakota pursuant TO the laws thereof.
President, Lem w. Bowen: Secre-
tary, II. a, Leonard; Incorporated
May ~, 1884; Commenced business
August /, 1854; Home office, Detroit
Michigan
/. CAPITAL STOCK.
Amount OF capital paid up.
Amount OF ledger assets as
per balance December 81
VI prey '''s II. ''' INCOME. -'S'''''''''
Total premium income - 2,45e,e45.44
Consideration for supple
mentary contracts not in-
volving life contingen-
cieS policy fees 36,S6S.0O
Total interest -. -. 136,3i1.9I
Profit on sale or maturity
of ledger assets -. ..., 1,27T.33
Total income IS 2.G34, 5ss74
III. DIsBuRsEME NTs.
Net amount paid for losses S23.aO0.lS
Policy fees retained by ag-
Investigation and adjust
ment of claims . $50. 129.97S.44
Paid stockholders for inter-
EST or dividends 57,50OOO
Commissions to agents 5Sl.53o.SO
Travelling and all other ag-
ency expenses and salar-
inspection OF risks -. . l6,ss2.4o
Salaries and all other com
pensation of officers and
home office employees -. 117S49.60
Rent, including amount for
comlanys own occupant
cy " -. :. S635. 90
stationery, and postage 51,270.59
Furniture and fixtures -. 4,32772
Insurance. taxes, licenses
and department fees 67,S79S5
Taxes. repairs and eXpen-
SEES on real estate -. :. S7.43
ger ass,ts s,s5s.95
All other Disbursements 1o,74l.se
| Total disbursements IS 2,032,92S.5S
Balance :. -. 3,466.54S.o1
~. LEDGER ASSETS.
Pook value of real estate 5 $4,000
| Mortgage loans on reel es-z-
tate first liens -. ..... 3S6,6S7.00
Book value of bonds 1853, 40O.OS
| Deposited III trust compa-
est ........ 80. 100000
| Cash in companys office 4,231.10
Cash in banks -. -. -. 99,176.3s
| Premiums in course OF COL
Iectlon oo1, oVo.oV
Total ledger assets $3466,54S.01
NON-LEDGER ASSETS
| Interest due and accrued s. 2S,917. 60
| Market value of bonds and
/ stocks over book value 55,764.87
Gross assets 1851 .23o. 4s
DEDUCT ASSETS NOT ADMITTED.
Premiums in course of col
lection -. -, -. ~. 25,171.71
Total admitted assets S3.526.0 5S.H
.. V, LIABILITIES.
Unpaid claims IS 676 .2305o
| Premiums unearned S46,6S3.30
Commissions due agents IS, .S5
Salaries. rents, office ex-
penses, taxes, bills, ac-
counts, fees due or &C
Return premiums -. -. 15.043.09
Re-iusurance 2207. ga
Advance premiums . 4,1O3 S3
Reserve for contingencies 100000
Capital stock -. -. 500 90
Unassigned funds (sur-
| pluS) l.li''5oo.Va
Total liabilities .....s 1895, 058.77
vi EXHIBIT OF cERT1FIcATES.
81, 1908 -. -. 80 1.6o4.1s5bE
Year sos -. 49,. $50. 2,537.51151
Total " - ..$ 4.141, 7070t
Ceased to be in force dur
ing the year and rem
sured in 1909 -. -. ;. 2.4SS,S24.94
Policies IN force Decem-
Der 81, 1903 80. IS ,652, 1852. Il
Losses and claims unpaid
December 81, 1909 49,. 64S,Ssl.4;
Losses ami claims incurred
during The year 1908 9SO,127.6
Total -. " -. .s1.62s, 4os,1:
Losses ard claims settled
during t!;r year 1863 953, 1888
Losses and CLAIMS unpaid
/ during the wear 1909 GIG, go B!