Reports of Domestic Casualty and Miscellaneous Companies
Virginia Casualty Company, Incorporated. Commenced business November, 1916. R. R. BYRNES, President. W. L. SIZEMORE, Secretary. Principal Office, RICHMOND, VA. Capital Stock. Amount of capital paid up in cash, $25,000.00. Amount of ledger assets December 31st of previous year..........S 27,113 69
Income. Net premiums: Accident..... ................................................-.$ 9,502 27 Health ....................*................................... 9,499 17
Total net premiums received.............................S 19,001 44 Gross interest: Bonds and dividends on stock. ...................$ 689 00 Deposits in trust companies and banks........... 200 38
Total gross interest and rents............................ 889 38 From agents' balances previously charged off..................... 7 36
Total income............................................819,898 18
Sum of both amounts.................... ................$47,011 87
Disbursements. Net amount paid policyholders for losses: Accident.......:................................................$ 2,018 61 Health....................................................... 4,375 60
Total...................................................$ 6,394 21 Investigation and adjustment of claims........................... 46 60 Commissions or brokerage....................................... 4,248 95 Salaries, fees and all other compensation of officers, directors, trus- tees and home office employees.............................. 3,232 00 Salaries, traveling and all other expenses of agents not paid by com- missions .................................................... 286 02 VIRGINIA CASUALTY COMPANY, INCORPORATED175 Rents..........................................................$429 36 Federal taxes...................................................214 56 State taxes on premiums.........................................393 93 Insurance department licenses and fees...........................77 00 All other licenses, fees and taxes.................................26 65 Legal expenses..................................................28 08 Advertising.....................................................27 06 Printing and stationery..........................................798 15 Postage, telegraph, telephone and express........................345 47 Furniture and fixtures...........................................151 36 Stockholders for interest or dividends............................1,000 00 Other disbursements............................................64 00 Agents' balances charged off.....................................12 99
Total disbursements..................................... S17,776 39
Ledger Assets. Book value of bonds.. ...........................................$ 19,897 63 Deposits in trust companies and banks on interest................ 9,337 85
Total ledger assets, as per balance. ......................$ 29,235 48 Non-Ledger Assets. Furniture, fixtures and supplies.................................. 1,300 00
Gross assets..,.........................................$ 30,535 48 i Deduct Assets not Admitted. Furniture and fixtures.............................$ 300 00 Supplies, printed matter and stationery. ........... 1,000 00 Book value of ledger assets over market value...... 857 63
Total unpaid claims..................................... S350 00 Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued.200 00 Federal, State and other taxes due or accrued....................522 62
Total amount of all liabilities, except capital .:...........$1,072 62 176 REPORT OF VIRGINIA BUREAU OF INSURANCE 1919 Capital actually paid up in cash..... ...............$ 25,000 00 Surplus over all liabilities......................... 2,305 23 Surplus as regards policyholders .........................$ 27,305 23 Total liabilities. ........................................$ 28,377 85
Virginia Trust Company. Commenced business April 5, 1892. H. W. JACKSON, President. L. D. AYLETT, Secretary. Principal Office, RICHMOND, VA. Capital Stock. Amount of capital paid up in cash, 81,000,000.00. Amount of ledger assets December 31st of previous year.......... .$ 5,222,451 37 Income. Net premiums: Fidelity. .....................................................$ i,g26 25 Surety........................................................ 205 00 Total net premiums received............. ..........,.....$ 2 031 25 Gross interest: Mortgage loans.................................S, 17,490 40 Bonds and dividends on stocks................... 30,742 67 Deposits in trust companies and banks, and dis- counts. ............................:........ 212,107 17 Total gross interest and rents............................ 260,340 24 From other sources—Brokerage on bonds and real estate loans.... 69,440 63 Commissions from administration of estate and trusts............. 73,220 44» Other commissions and fees...................................... 3 600 73 Increase in deposits............................................. 548 929 76 Recovered debts................................................ 1 239 63 Miscellaneous................................................... 59,992 87 Total income......'.................................... .8 1,018,795 55 Sum of both amounts...................... ..............$ 6,241,246 92 VIRGINIA TRUST COMPANY177 Disbursements. Salaries, fees and all other compensation of officers, directors, trus- tees and home office employees. ..................,...........$68,901 82 Rents...........................................................5,533 80 Taxes on real estate.............................................5,463 59 State taxes on premiums.........................................100 17 Federal taxes...................................................33,435 44 All other licenses, fees and taxes.................................226,877 06 Advertising.....................................................6,822 20 Printing and stationery..........................................4,151 06 Postage, telegraph, telephone and express........................1,904 28 Stockholders for interest or dividends............................104,990 00 Other disbursements............................................4,854 45 Accounts charged off............................................21,004 13 Interest paid depositors.........................................62,929 27
Total disbursements. ....................................$ 546,967 27
Ledger Assets. Book value of real estate........................................$ 30,625 00 Book value of bonds, $156,513.17; and stocks, 83.00................ 156,516 17 Cash in company's office......................................... 50,296 40 Deposits in trust companies and banks on interest................ 1,479,515 93 Bills receivable................................................. 4,012,050 97 Banking house certificates ..........................._........... 13,169 42 Furniture and fixtures........................................... 2,402 16 Total ledger assets, as per balance.......................8 5,694,279 65 Liabilities. Total unearned premiums................. .......................$ 1,493 50 Dividends due stockholders.......................... .......... 20,077 00 Deposits....................................................... 3,931,989 19 Total amount of all liabilities, except capital............ .$ 3,953,55,9 69 Capital actually paid up in cash ................$ 1,000,000 00 Surplus over all liabilities....................... 740,719 96
Surplus as regards policyholders......................... 1,740,719 96
Total liabilities. ........................................$ 5,694,279 65