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174   DEPARTMENT OF FINANCE—INSURANCE BRANCH.

AGRICULTURAL—Concluded.
GENERAL BUSINESS STATEMENT FOR THE YEAR ENDING 31ST DECEMBER, 1896.

ASSETS.

Real estate    

245,260

00

Loans on bond and mortgage (first liens) upon which not more than one

year's interest is due    

917,496

97

Loans on bond and mortgage (first liens) upon which more than one year's

interest is due    

149,600

00

Interest due and accrued on said bond and mortgage loans    

26,233

49

Stocks and bonds held by the company—par value, $396,200 ; market

value    

402,527

37

Loans and collateral security   of   stock, &c., of par value, $242,630.50 :

market value, $296,954.50 ; amount loaned    

205,947

97

Interest due and accrued    

11,685

39

Cash on hand and in banks    

162,179

24

Gross premiums in course of collection    

205,144

25

Due from other companies for reinsurance    

6,170

49

Total assets       $2,332,245 17 LIABILITIES.

Net amount of unpaid losses    5

85,196

52

Unearned premiums    

1,331,941

54

Other liabilities    

54,812

02

Total liabilities, except capital stock    $1,471,950 OS

 

Capital stock paid up in cash    $ 500,000 00

Surplus beyond liabilities and capital stock    360,295 09

 

INCOME.

Net cash received for premiums    $1,059,902 00

Received for interest and dividends    88,636 07

do   rents    2,012 81

 

Total cash income    $1,150,550 88

 

EXPENDITURE.

Net amount paid for losses    5 539,200 90

Dividends paid to stockholders    50,075 00

Commission or brokerage    206,550 26

Salaries, fees, &c    116,244 89

Taxes    33,978 36

Miscellaneous    108,525 63

 

Total cash expenditure       $1,054,575 01 RISKS AND PREMIUMS.

Amount of policies taken during the year    $195,924,900 00

Premiums thereon    1,601,106 00

Amount of policies terminated during the year    17 2,401,991 00

Premiums thereon    1,510,328 87

Net amount in force at end of year    294,481,156 00

Premiums thereon    2,717,684 00


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