126 EEPOET OF VIRGINIA .BUREAU OF INSURANCE 1919 Reports of Domestic Fire Insurance Companies
Eastern Shore of Virginia Fire Insurance Company, Inc. Commenced business April 2, 1906. SAMUEL W. AMES, President. LEONARD -C. MEARS, Secretary Principal Office, KELLER, VA. Capital Stock. Amount of capital stock paid up in cash, $102,750.00. Amount of ledger assets December 31st of previous year. ........$ 228,774 90* Income. Gross premiums received during the year .................. ......$ 88,402 84 Deduct reinsurance and return premiums ........................ 19,963 29 Total premiums.........................................8 68,439 55 Gross interest on mortgage loans ................... 8 6,752 60 Gross interest on collateral loans ................... 142 67 Gross interest on bonds and dividends on stock..... 1,898 61 Gross interest from all other sources ............... 103 12 Gross rents from company's property................ 100 00
Total gross interest and rents.................................... 8,997 00 From other sources: Commissions.............................. 447 79
Total income............................................8 77,884 34 'Sum of both amounts. ...................................$ 306,659 24
Disbursements. Gross amount paid for losses. ......................$ 14,612 37 Reinsurance in other companies, salvage, etc........ 2,000 00
Net amount paid policyholders for losses. ........................$12,612 37 Commissions, brokerage and allowances..........................7,305 21 Salaries and expenses of special and general agents................2,170 91 Salaries, fees and all other charges of officers, directors, trustees and home office employees....................................3,700 39 Rents............................................................100 00 Advertising, printing and stationery.............................622 26
*Includes $26,304.00 increase in capital stock during 1919.».-, EASTERN SHORE Of VIRGINIA INSURANCE COMPANY, INC. 127 \ Postage, telegrams, telephone and express........................8 434 32 Federal taxes................................................... 2,786 58 Licenses, fees and taxes.......................................... 2,063 68 Other disbursements.......... <................................. 670 66 Paid stockholders for interest or dividends ...................... 26,304 00 Agents' balances charged off ..................................... 864 75 Total disbursements .....................................$ 59,635 13 Balance.................................................$ 247,024 11 Ledger Assets. Book value of real estate........................................$ 2,301 01 Mortgage loans on real estate.................................... 140,256 00 Book value of bonds and stocks.................................. 46,205 00 Cash in company's office......................................... 6,760 34 Deposits in trust companies and banks not on interest............. 15,104 12 Agents' balances representing business written subsequent to Oc- tober 1, 1919................................................. 25,684 07 Agents' balances representing business written prior to October 1, 1919...................................................... 6,561 35 Bills receivable, taken for fire risks.............................. 1,549 47 Furniture and fixtures........................................... 602 75 Reinsurance due on paid losses..... .^............................. 2,000 00 Total ledger assets......................................$ 247,024 11 Non-Ledger Assets. Interest due and accrued on mortgages. ............$ 2,639 89 Interest due and accrued on bonds................. 395 20 Total interest and rents due and accrued. ................$ 3,035 09 Gross assets............................................8 250,059 20 Deduct Assets not Admitted. Furniture, fixtures and safes...................... .$ 602 75 Agents' balances representing business written prior to October 1, 1919............................. 6,56135
Total admitted assets. ..................................$ 242,895 10 128 REPORT OF VIRGINIA BUREAU OF INSURANCE 1919 Liabilities. Net amount of unpaid losses and claims.......................... $ 453 00 Total unearned premiums........................................ 65,341 69 Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued.. 7,412 94 Reserve for losses in note and premium accounts.................. 4,000 00 Reinsurance due other companies................................. 3,321 95
Total liabilities, except capital......................... .$ 80,529 58 Capital actually paid up in cash.................. .$ 102,750 00 Surplus over all liabilities......................... 59,615 52
Surplus as regards policyholders.........................162,365 52
Total liabilities. ........................................$ 242,895 10
Risks and Premiums. Fire Risks. Gross Premiums. In force on the 31st day of December of previous year............... ,..........................$ 4,960,134 $ 98,07256 Written or renewed during the year................ 4,452702 88,40284 Total.....................................$ 9,412,836 $ 186,47540 Deduct those expired and marked off as terminated. 2,430,542 47,816 54 In force at the end of the year............ "'........$ 6,982,292 $ 138,65886 Deduct amount reinsured.......................... 1,234 450 23,868 79 Net amount in force.......................$ 5,747844 $ 114,79007
Home Fire Insurance Corporation of Virginia Commenced business July 1, 1905. J. T. LEE, President. H. W. SAUNDERS, Secretary. Principal Office, HAMPTON, VA. Capital Stock. Amount of capital stock paid up in cash, $53,250.00. Amount of ledger assets December 31st of previous year. .........$ 112,962 32 HOME FIEE INSTJEANCE CORPORATION OF VIRGINIA 129 Income. Gross premiums received during the year .........................$ 61,037 32 Deduct reinsurance and return premium s......................... 22,268 22
Total premiums ................................................ .$ 38,799 10 Gross interest on mortgage loans.................. .$ 909 54 Gross interest on collateral loans................... 924 80 Gross interest on bonds and dividends on stocks.... 4,332 04
Total gross interest and rents ....................................6 166 38
Total income....................................... .....$44,965 48
Sum of both amounts ....................................S 157,927
Disbursements. Net amount paid policyholders for losses ........................ .$ 12,985 62 Expenses of adjustment and settlement of losses.................. 279 99 Commissions or brokerage....................................... 10,497 02 Salaries, fees and all other charges of officers, directors, trustees and home office employees................................... 3,855 00 Advertising, printing and stationery. ............................ 1,335 01 Postage, telegrams, telephone and express........................ 296 35 Maps, including corrections...................................... 121 00 Underwriters boards and tariff associations, inspections and sur- veys.. ...................................................... .901 78 Licenses, fees and taxes..............................'............ 2 926 63 Paid stockholders for interest or dividends....................... 4,260 00 Total disbursements............................. ........$ 37,458 40 Balance................................................$ 120,469 40 Ledger Assets. Mortgage loans on real estate....................................$ 10 432 00 Loans secured by ptedge of bonds, stocks or other collateral....... 11,090 00 Bo.ok value of bonds............................................. 83 056 53 Cash in company's office......................................... 1 186 74 Deposits intrust companies and banks not on interest............. 5 317 62 Agents' balances representing business written subsequent to Oc- tober 1, 1919................................................ 9 386 51
Total ledger assets.. ....................................S 120,469 40 130 REPORT OF VIRGINIA BUREAU OF INSURANCE 1919 Non-Ledger Assets. Interest due and accrued on mortgages............ .$ 242 55 Interest due and accrued on bonds................. 864 78 Interest due and accrued on collateral loans........ 124 09
Total interest and rents due and accrued.................81,231 42
Total admitted assets. ..................................$121,700 82
Liabilities, Total unearned premiums. .......................................$ 33,933 71 Federal, State and other taxes due or accrued, estimated.......... 1,046 27 Reserve for reinsurance due...................................... 3,835 54
Total liabilities, except capital..... ......................$ 38,815 52 Capital actually paid up in cash. ............... . . .,$ 53,250 00 Surplus over all liabilities......................... 29,635 30 .
Surplus as regards policyholders.......................82,885 30
Total liabilities. ........................................$121,700 82
Risks and Premiums. In force on the 31st day of December of previous Fire Risks. Gross Premiums. year... .......................................$ 3,737902 8 73,61257 Written or renewed during the year................ 3,041 414 61,067 32
Total...................... ...............$ 6,779,316 » 134,67989 Deduct those expired and marked off as terminated. 2,758,666 51,890 49
In force at the end of the year..................... 4,020,650 82,789 40 Deduct amount reinsured.......................... 932,905 17,412 22
Net amount in force. ..............................$ 3,087,745 $65,377 18
Independent Mutual Fire Insurance Company of Fairfax County, Virginia. Commenced business January, 1869. ' J. W. MAY, President. . S. E. LINDSEY, Secretary. Principal Office, ALEXANDRIA, VA. Capital Stock. Amount of ledger assets December 31st of previous year. .........S 16,517 62 INDEPENDENT MTJTTTAI, TIRE INS. CO. OF FAIRFAX COUNTY, VA. 131 Income. Total premiums. ................................................$ 23,420 53 Gross rents from company's property............................. 1 267 50 Borrowed.money................................................ 17 500 00 i Total income............................................8 42,188 03 Sum of both amounts. ...................................§ 58,705 65 Disbursements. Net amount paid policyholders for losses. ........................$ 22 301 65 Expenses of adjustment and settlement of losses................... 371 28 Commissions or brokerage....................................... 2 030 64 Salaries, fees and all other charges of officers, trustees, directors and home office employees ................................... . 2,300 00 Advertising, printing and stationery. ............................ 128 40 Repairs and expenses (other than taxes) on real estate............ 476 15 Taxes on real estate............................................. 122 40 Licenses, fees and taxes.......................................... 222 29 Other disbursements............................................ 580 34 Borrowed money repaid......................................... 12 500 00 Interest on borrowed money..................................... 862 50 Total disbursements...................... ...............$ 41,895 65 Balance.................................................S 16,810 00 Ledger Assets. Book value of real estate........................................$ 15,000 00 Cash in company's office......................................... 183 08 Deposits in trust companies and banks not on interest. ........... 826 92 Furniture and fixtures........................................... 800 00 Total ledger assets... ...................................$ 16,810 00 Non-Ledger Assets. Market value of real estate over book value...................... 3,000 00 Gross assets............................................$ 19,810 00 Deduct Assets not Admitted. Furniture, fixtures and safes...................................... 800 00 Total admitted assets. ..................................$ 19,010 00 132 REPORT OF VIRGINIA BUREAU OF INSURANCE 1919 Liabilities. Net amount of unpaid losses and claims .........................$ 1 450 00 Due and to become due for borrowed money ..................... 23 000 00
Total liabilities. ........................................$ 24,450 00 Excess of liabilities over admitted assets................. 5 440 00
To balance..............................................$19 ni0 00
Risks-Fire Risks. In force on the 31st day of December of previous year .............$3 067 339 Written or renewed during the year..............................656 263
Total. ................................................,.$ 3^723 @o2 Deduct those expired and marked off as terminated............... 394 936
In force at the end of the year. ..................................$3 323 @66
Mutual Assurance Society of Virginia Commenced business December 25, 1795. EDWIN A. PALMER, President. G. MOFFETT KING, Secretary. Principal Office, RICHMOND, VA. Amount of ledger assets December 31st of previous year ..........<$ 2,672,634 22
Income. Gross premiums received during the year ........ .................$ 47 699 40 Deduct reinsurance and return premiums ......................... 473 00
Total premiums .................................................§ 47 226 40 Gross interest on bonds and dividends on stocks... .$ 95,451 47 Gross interests on deposits in trust companies and banks......................................... 642 97 Gross interest from all other sources ............... 183 79 Gross rents from company's property............... 102,713 34
Total gross interest and rents....................................193 991 57 From other sources.............................................356 59 Borrowed money................................................32,000 00 Gross profit on sale or maturity of ledger assets..................474 10
Total income. ...........................................$ 279,048 66
Sum of both amounts. ...................................$ 2,951,682 88 MUTUAL ASSURANCE SOCIETY OF VIRGINIA 133 Disbursements. Net amount paid policyholders for losses........................ .$ 79 298 25 Expenses of adjustment and settlement of losses.................. '688 89 Agents' commissions, brokerage and expenses..................... 6 559 69 Salaries and expenses of special and general agents................ '142 89 Salaries, fees and all other charges of officers, directors, trustees and home office employees............................... 16 400 00 Rents..............................................;:;:;;;:;;;:; 3;ooo 00 Advertising, printing and stationery.............................. 2 758 85 Maps, including corrections.......................... 131 9Q Inspections and surveys....................... 16 00 Repairs and expenses (other than taxes) on real estate............ 50 152 42 Taxes on real estate............................. 17 WR pfi Federal taxes............................ o 900 04 Licenses, fees and taxes............................. 797 AC, Other disbursements...................................... 779 5§ Borrowed money repaid................................. 29 000 00 Interest on borrowed money................................. 7' 131 09 Total disbursements...................................... $ 223 855 30 Balance...-............................................;$ 2,727,827 58 Ledger Assets. Book value of real estate............................ $ §67 934 m Book value of bonds, 51,344,487.05; and stocks, 8509,458.84........ 1,853 ,'945 89 Cash in company's office...................................... ' i '601 85 Deposits in trust companies and banks on interest................ 3 '528 27 Agents' balances representing business written subsequent to Oc- tober 1, 1919............................................... 817 57- Totalledger assets......................................$ 2,727,827 58 Non-Ledger Assets. Interest due and accrued on bonds... ..............$ 23 119 96 Interest due and accrued on other assets........... 246 13 Total interest and rents due and accrued................. 23 366 09 Market value of bonds and stocks over book value................ 356 286 11 Quotas........................................................'. '36o 96 Gross assets. .......................'.............. .^.. ...g 3,107,845 74 Deduct Assets not Admitted. Loans on personal security, endorsed or not...................... 1 000 00
Total admitted assets. ..................................$ 3 106 845 74 134 REPORT OF VIRGINIA BUREAU OF INSURANCE 1919 Liabilities. Gross losses adjusted and unpaid................................. $ 2,843 85 Gross claims for losses reported and unadjusted, including all sup- posed losses................................................. 500 00 Net amount of unpaid losses and claims ..................$ 3,343 85 Total unearned premiums........................................ 5,310 65 Interest due or accrued on borrowed money...................... 1,505.41 Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued. 1,030 20 Federal, State and other taxes due or accrued, estimated. ........ 26,146 68 Due and to become due for borrowed money...................... 152,000 00 Total liabilities, except capital........................... $ 189,336 79 Surplus as regards policyholders......................... 2,917,508 95 Total liabilities. ........................................$ 3,106,845 74 Risks and Premiums. In force on the 31st day of December of previous Fire Risks. Gross Premiums. year..........................................$ 703,618 $ 10,51040 Written or renewed during the year................ 301,635 3,450 49 Total.....................................$ 1,005,253 $ 13,96089 Deduct those expired and marked off as terminated. 311,895 3,36249 Net amount in force at end of year......... $ 693,358 $ 10,598 40 Perpetual risks not included above, $32,931,175. Premiums on same, $44,020.50. Mutual Fire Insurance Company of Loudoun County. Commenced business 1849. A. W. PHILLIPS, President. A. L. McGAVACK, Secretary- Principal Office, WATERFOBD, VA. Amount of ledger assets December 31st of previous year. .........$ 159,200 29 Income, Gross premiums received during the year........................ .$ 87,149 81 Deduct reinsurance and return premiums......................... 407 25
Total premiums... .......;......................................$86,742 56 MUTUAL FIRE INSURANCE COMPANY OF LOUnOUN COUNTY 135 Uross interest on bonds and dividends on stocks... .$ 7,343 00 Gross rents from company s property............... 50 00 Total gross interest and rents....................................S 7,393 00 From other sources.............................................. 403 07 Gross profit on sale or maturity of ledger assets.................. 344 70 Total income...........................................$ 94,883 33 Sum of both amounts....................................8 254,083 62 Disbursements. Net amount paid policyholders for losses.........................S 47,281 89 Expenses of adjustment and settlement of losses.................. 600 45 Commissions or brokerage....................................... 12,228 33 Salaries, fees and all other charges of officers, directors, trustees and home office employees................................... 6,619 50 Advertising, printing and stationery............................. 631 96 Postage, telegrams, telephone and express........................ 172 60 Furniture and fixtures........................................... 2 09 Taxes on real estate............................................. 67 39 Federal taxes................................................... 1,219 44 Licenses, fees and taxes.......................................... 931 37 Other disbursements............................................ 238 83 Total disbursements. ...................................$ 69,993 85 Balance.................................................$ 184,089 77 Ledger Assets. Book value of real estate.......................................$ 3,300 00 Book value of bonds, $154,160.10; and stocks, $9,190.00 ............ 163,350 10 Cash in company s office......................................... 1,614 00 Deposits in trust companies and banks not on interest............. 11,489 72 Agents' balances representing business written subsequent to Oc- tober 1,1919................................................ 4,185 95 Furniture and fixtures........................................... 150 00 Total ledger assets......................................8 184,089 77 Non-Ledger Assets. Interest due and accrued on bonds................. S 2,862 80 Interest due and accrued on other assets........... 384 00 Total interest and rents due and accrued................. 3,246 80 Gross assets............................................$ 187,336 57 136 KEPOET OF VIRGINIA BUREAU OF INSURANCE 1919 Deduct Assets not Admitted. Furniture, fixtures and safes....................... $ 150 00 Book value of ledger assets over market value; bonds IBS! and stocks.................................... 1 192 40 Total................................................... $ i,342 40 Total admitted assets...................................ti 185 994 \~j Liabilities. Net amount of unpaid losses and claims.......................... $ 3 659 46 Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued. 2,183 33 Total liabilities......................................... <$ 5 842 79 Surplus as regards policyholders......................... 180 151 38 Total liabilities........................................ .$ 185,994 17 Risks. In force on the 31st day of December of previous year.............8 18 569 142 Written or renewed during the year.......................... 3 603 365 Total.................................................... 5 22,172,507 Deduct those expired and marked off as terminated............... 2 252 831 Net amount in force .....................................$ 19 919 676 Northern Neck Mutual Fire Association of Virginia Commenced business March, 1896. ASA S. RICE, President. ^ W. R. ROWE, Secretary. Principal Office, IRVINGTON, VA. , Capital Stock. , Amount of capital stock paid up in cash, $10,000.00. Amount of ledger assets December 31st of previous year. ..........$ 23 164 47 Income. Gross premiums received during the year ....................... $ 21 984 41 Deduct reinsurance and return premiums ......................... 41 26 TotaFpremiums. ................................................$ 21 943 15 Gross interest on deposits in trust companies and banks........... '573 00 Assessments and dues........................................... 24 847 66 Total income........................................... .$ 47,363 81 Sum of both amounts ..............................,,....$ 70 528 28 NORTHERN NECK MUTUAL FIRE ASSOCIATION OF VIRGINIA 137 Disbursements. Net amount paid policyholders for losses. ........................$ 14,521 72 Expenses of adjustment and settlement of losses.................. 331 58 Commissions or brokerage....................................... 8 407 05 Salaries, fees and all other charges of officers, directors, trustees and home office employees................................... 12 149 64 Rents........................................................... '235 00 Advertising, printing amd stationery............................. 562 53 Postage, telegrams, telephone and express........................ 893 89 Legal expenses.................................................. 75 00 Federal taxes................................................... 39 49 Licenses, fees and taxes......................................... 592 09 Other disbursements...............C............................ 473 74 Premiums returned.............................................. 41 26 Paid stockholders for interest or dividends....................... 1,000 00 Total disbursements...... ...............................$ 39,322 99 Balance.. ...............................................$ 31,205 29 Ledger Assets. Book value of bonds, 825,657.90; and stocks, $2,400.00.............8 28,057 90 Deposits in trust companies and banks not on interest............. 3,147 39 Total ledger assets. .....................................$ 31,205 29 Non-Ledger Assets. Interest due and accrued on bonds............................... 328 31 Gross assets............................................® 31,533 60 Deduct Assets not Admitted. Book value of ledger assets over market value; bonds and stocks.. 291 90 Total admitted assets. ..................................$ 31,241 70 Liabilities. Capital actually paid up in cash. ...................$ 10,000 00 Surplus over all liabilities......................... 21,241 70
Surplus as regards policyholders .........................$31,241 70
Total liabilities. ........................................$31 241 70 138 REPORT OF VIRGINIA BUREAU OF INSURANCE 1919 Risks. In force on the 31st day of December of previous year............ .$ 5,730,711 Written or renewed during the year............................. 2,580,750
Total...................................................$ 9,311,461 Deduct those expired and marked off as terminated .............. 2,595,005
Net amount in force............................. ........$6,716,456
Petersburg Insurance Company, Incorporated. Commenced business July 1, 1918. T. F. HEATH, President. EDWARD W. BUTCHER, Secretary. Principal Office, PETERSBURG, VA. Capital Stock. Amount of capital stock paid up in cash, $200,000.00. Amount of ledger assets December 31st of previous year. .........$ 489,240 06 Income, Gross premiums received during the year.........................8 201,269 42 Deduct reinsurance and return premiums......................... 40,084 69 Total premiums........................... .......,..............$ 161,184 73 Gross interest on bonds and dividends on stocks.................. 8,607 98 Gross interest on deposits in trust companies and banks........ 11,314 03 Total gross interest and rents................................... .8 19,922 01 From other sources, commissions................................ 14,722 54 Total income. .......;...................................$ 195,829 28 Sum of both amounts................................... .8 685,069 34 Disbursements. Gross amount paid for losses..................................... 8 67,354 84 Reinsurance in other companies, salvage, etc..................... 6,995 42 Net amount paid policyholders for losses.........................8 60,359 42 Expenses of adjustment and settlement of losses.................. 1,095 51 Agents' commissions, brokerage and allowances.................. 34,525 16 Salaries and expenses of field men................................ 231 10 Salaries, fees and all other charges of officers, directors, trustees, and home office employees ................................... 17,087 17 Rents ........................................................... 4,280 04 PETERSBURG INSURANCE COMPANY, INCORPORATED139
Advertising, printing and stationery. .............................$2,895 50 Postage, telegrams, telephone and express........................676 38 Furniture and fixtures.............................>.............160 82 Maps, including corrections......................................313 75 Inspections and surveys, including underwriters' boards, etc......1,282 97 Federal taxes...................................................10,820 39 Licenses, fees and taxes..........................................3,540 90 Other disbursements............................................843 72 To correct ledger entries in 1918 statement.......................5,290 33
Total disbursements. ....................................$ 143,403 16 Balance.................................................8 541,666 18
Ledger Assets. Book value of bonds.............................................$ 202,777 66 Deposits in trust companies and banks on interest................ 305,883 91 Agents' balances representing business written subsequent to Oc- tober 1, 1919...,.......................................:..... 33,004 61 Total admitted assets.................................. .$ 541,666 18
Liabilities. Net amount of unpaid losses and claims.......................... $ 4,719 83 Total unearned premiums........................................ 155,507 37 Total liabilities, except capital.......... ...............$ 160,227 20 Capital actually paid up in cash. ..............,....$ 200,000 00 Surplus over all liabilities......................... 181,438 98 Surplus as regards policyholders......................... 381,438 98 Total liabilities. ........................................$ 541,666 18 Risks and Premiums. In force on the 31st day of December of previous Fire Risks. Gross Premiums. year..........................................$ 18,449,816 $ 305,376 50 Written or renewed during the year................ 13,232,530 201,269 42 Total.....................................$ 31,682,346 $ 506,645 92 Deduct those expired and marked off as terminated. 11,829,856 179,576 61 In force at the end of the year..................... 19,852,490 327,069 31 Deduct amount reinsured.......................... 1,700 227 26,971 32 Net amount in force.......................S 18,152,263 S 300,09799 140 REPORT OF VIRGINIA BUREAU OF INSURANCE 1919 Virginia Fire and Marine Insurance Company. Commenced business March 14, 1832. WM. H. PALMER, President. B. C. LEWIS, JR, Secretary. Principal Office, RICHMOND, VA. Capital Stock. Amount of capital stock paid up in cash, $250,000.00. Amount of ledger assets December 31st of previous year. .........$ 2,497,635 29 Income. Gross premiums received during the year. ........................§ 1 944 939 gg Deduct reinsurance and return premiums......................... 690 120 84" Total premiums. ................................................$ i ,254,818 74 Gross interest on mortgage loans...................8 6,200 50 Gross interest on bonds and dividends on stocks.... 92,078 77 Gross interest on deposits in trust companies and banks..................'....................... 2,909 48 Gross interest from all other sources........... .... 201 50 Gross rents from company's property......... ...... 6,500 00 Total gross interest and rents.................................... 107 890 25 Gross profit on sale or maturity of ledger assets.................. 200 00 Total income............................................is 1,362,908 99 Sum of both amounts. ........... ..,.....................§ 3 860 544 28 Disbursements. Gross amount paid for losses .-...................................$ 543 g22 58 Reinsurance in other companies, salvage, etc..................... 107 541 65 Net amount paid policyholders for losses............. ............$ 441 280 93 Expenses of adjustment and settlement of losses .................. 9 983 05 Commissions, brokerage and allowances.......................... 315 709 33 Salaries and expenses of special and general agents................ 23^167 18 Salaries, fees and all other charges of officers, directors, trustees and home office employees................................... 46 885 27 Rents..........................................'..'..'.'.'.'.'.'.'.'.'.'.'.'.'. 4',89784 Advertising, printing and stationery. ............................ 14 051 83 Postage, telegrams, telephone and express........................ 1 662 32 Legal expenses.................................................. '360 48 Furniture and fixtures..................................... 7§3 13 Maps, including corrections............ i.......................... 989 70 Inspections and surveys, including underwriters' boards, etc....... 20,752 42 Repairs and expenses (other than taxes) on real estate............ 1 ,'226 23 VIRGINIA FIRE AND MARINE INSURANCE COMPANY 141 Taxes on real estate............................................;$ 2 181 34 Federal taxes................................................... 73 367 40 Licenses, fees and taxes.......................................... 39 649 51 Other disbursements .....................'....................... 115 00 Paid stockholders for interest or dividends....................... 50 000 00 Gross loss on sale or maturity of ledger assets.................... 173 77 Total disbursements.....................................8 1,047,236 71 Balance.................................................$ 2,813,307 57 Ledger Assets. Book value of real estate.......,................................$ 120 000 00 Mortgage loans on real estate.................................... 90 500 00 Book value of bonds, $1,877,818.18; and stocks, 5370,904.88.......; 2,248,723 06 Cash in company's office.......................................... 252 42 Deposits in trust companies and banks on interest. ............... 119,552 21 Agents' balances representing business written subsequent to Oc- tober 1, 1919....................................:........... 231,789 35 Agents' balances representing business written prior to October 1, 1919........................................................ 890 53 Old New York Agency balance................................... 1,600 00 Total ledger assets. .....................................$ 2,813,307 57 Non-Ledger Assets. Interest due and accrued on mortgages. ............$ 1,891 06 Interest due and accrued on bonds................. 27,427 85 Total interest and rents due and accrued..........'....... 29,318 91 Reinsurance due on paid losses................................... 3,983 02 Gross assets............................................$ 2,848,609 50 Deduct Assets not Admitted. igents' balances representing business written prior to October 1, 1919.............................S 890 53 Book value of ledger assets over market value; bonds and stocks.................................... 101,962 56 Old New York Agency balance..................... 1,600 00
Total admitted assets......................... ..........$ 2,744,156 41 142 REPORT OF VIRGINIA BUREAU OF INSURANCE 1919 Liabilities. Gross losses adjusted and unpaid.................................S 16,948 44 Gross claims for losses reported unadjusted, including all supposed losses....................................................... 100,397 65 Gross claims for losses resisted.................................. 6,000 00 Total................................................... $ 123,346 09 Deduct reinsurance due or accrued............................... 31,157 88 Net amount of unpaid losses and claims..................9 92,188 21 Total unearned premiums......................................... 1,106,207 07 Cash dividends remaining unpaid, to stockholders................ 25,000 00 Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued. 4,000 00 Federal, State and other taxes due or accrued, estimated......... 123,000 00 Commissions, brokerage and other charges due or to become due to agents and brokers.......................................... 18,000 00 Total liabilities, except capital.......................... 8 1,368,395 28 Capital actually paid up in cash. ................$ 250,000 00 Surplus over all liabilities....................... 1,125,761 13 Surplus as regards policyholders........................ i. 1,375,761 13 Total liabilities. ........................................$ 2,744,156 41
Risks and Premiums. In force on the 31st day of December of previous Fire Risks. Gross Premiums. year..........................................$165,527,326 $ 2,380,138 67 Written or renewed during the year................ 140,275,134 1,944,939 58
Total..........:..........................$305,802,460 $ 4,325,078 25 Deduct those expired and marked off as terminated. 124,301,382 1,709,373 88
In force at the end of the year.................. ...$181,501,078 $ 2,615,704 37 Deduct amount reinsured.......................... 35,782,677 513,115 62
Net amount in force...................... .$145,718,401 $ 2,102,588 75