Its statement as of December 31, 1919, is as follows:
Admitted cash assets: Bonds and stocks owned (market
value). $1,082,974.70; interest due and accrued thereon.
$14,254.29; cash in banks and office, $401,214.28; premiums
or deposits outstanding not over three months due, $177,-
37.4.58: total cash assets, $1,675,817.85.
Liabilities: Unpaid losses, $31.850; unearned premium
deposits, $338,659.02; due attorney-in-fact for administra
tion expense, $39,132.41; total liabilities. $609,641.43; net
cash surplus, $1,066,176.42; total, $1,675,817.55.
Cash Income, 1919.— Premium deposits written, gross,
$1,654.232.91; lass return premium deposits, $275.776.35:
net, $1,378,456.56; interest, etc., $49,970.61: total cash in-
Cash Disbursements, 1919.—Net losses, $563,018.97:
paid to attorney-in-fact for administration expense, $263.-
173.96; Advisory Committee expense, $713.43; legal ex
pense, $12.035.98; taxes, licenses and fees, $12,121.61; in-
come tax, war tax and exchange, $15,273.9.2; savings re-
turned, $41,662.76; total cash disbursements, $908,000.63.
Transactions Since Organization.—Net premium de-
posits, $11,915,725.68: interest received on investments and
bank deposits, $487,691.99; transferred from L. I. U., $23,-
181.60; total cash income, $12,426,599.27. Losses and ad
justment expenses paid, net, $6,058,019.722; commissions
paid to attorneydin-fact for administration expenses, $2,-
673,428.22; legal, taxes. Advisory Committee and exchange,
$169,329.06; total expenses paid, $8,900.777: returned in
cash to members, as savings, $1,896,425.27; total cash dis
In connection with this report, see important article in
troducing this section.