The herald-advance. (Milbank, S.D.) 1890-1922, 1911-07-07

CONDENSED FROM ANNUAL STATE
MENT.
J. E. Lopez; Incorporated March !, l9lo,
or the conditions OF the
FIRE ASSOCIATION OF PHILADEL-
PHIA
or the state of PENNSYLVANIA made to
the Commissioner Of Insurance OF south
Dakota pursuant to the laws thereof.
President, f. c. Irwin; secretary, NJ ..
Garrignes: Incorporated March 2lth,
1920: Home office Philadelphia, Pa.
Amount of capital paid Up.
In cash iao'Voo''o
Total ledger assets Deem
i0' INCOME
Total premium receipts.... 4,12l.6o0.lt
Interest and rents ........ o9l,4lS.Of
From all other sources.... l4,45r4o
Total income ~s+52Z45561
Net amount paid for losses 2,294,2s40s
Deposit premiums returned 55,49S.39
Paid to stockholders...... 3pV,oVp.oV
Commissions or brokerage. 9lS,49S.34
Salaries, fees and all other
charges of officers, clerks
agents and other en-
Loss on sale or maturity Of
ledger assets .......... lO,9lo.52
All other disbursements. 3S1,62o.33
Total disbursements 80. $4,293,493,2O
Balance sS,6SS,j66.0S
LEDGER ASSETS
Book value Of real estate
less incumbrances....... 442,3l49b
Mortgage loans on real
estate, first liens........ 2,lll,4b499
Bonds or stocks oWned and
loans on collateral ...,. 5toto,Sl9.34
Cash in office aud banks. A9l,23o.sZ
other ledger assets ...... bot,23o.9'
Total ledger assets ....$ S,6SH,566.oS
NON-LEDGFR ASSETS
accrued I' los,3763s
Other non-ledger assets. t,"o3.23
Gross assets S~.s04295.69
DEDUCT ASSETS NOT ADMITTED
Company's stock and loans 10,Soo,oV
Agents balances and all
other "non-admitted as
'" over market value. ..... 22,9So,55
Total .....$ 36,74o.65
Total admitted assets. S. ,767,555.04
LIABILITIES
Net amount of unpaid
losses and claims ...,.. 333,09Ic9
Tnearued premium ..... 3,a6b.o0l44
sured ...H............ 1,637.38Go %
All other liabilities 49,. 5g,,l47 "a
Total amount of all liz
bilities except capital. s. 5,570,3S3.30
Capital actually paid up in
Surplus over all liabilities. 2,447,171.74
Surplus as regards policy
holders 5,lat,Iil.ft
Total ...s S.7c7, $50 "a
RISKS AND PREMIUMS
In force on the S1st day OF
December of previous
year o4o,oto,ol4VJ
Nat amount in force De-
cember 81, 1910, deduct
ing reinsurance -. 632.554,6O3 90
BUSINESS IN SOUTH DAKOTA FOR
THE YEAR 1910
Risks written ............ l,32 4 I9b.O0
Premiums received ....... 20, 1856
Expenses incurred ........ 48532s
Losses paid 15,O5926
Losses incurred .......... l2,o95.2l
STATE OF SOUTH DAKOTA.
Department of Insurance.
Company's Certificate of Authority.
Whereas. The Fire Association OF
Philadelphia, a corporation organized
under the laws OF Pennsylvania has
filed in this office a sworn statement
exhibiting it's condition and business
for the year ending December 81, 1910.
conformable to the requirements Of
the laws of this state regulating the
business of Insurance.; and,
Whereas. The said company has fled
in this office a duly certified copy OF
it's charter. with certificate of organ
1ZatlOn, III COHlpildnCe VIII ~ iSQufit
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. do hereby certify
that the above named is fully
empowered, through its authorized
agents, to transact it's appropriate bust
ness of Fire and Tornado insurance In
this state. according to the laws there
Of. until the last day of February A. ID.
1912.
In Testimony whereof, / nave here
unto set my hand and official seal at
Pierre, this first day Of March A. ID.
1911.
(SeaD o. S. BASFORD.
Commissioner of insurance.