FOREIGN FIRE INSURANCE COMPANIES. UNITED STATES BRANCHES. ABSTRACTS COMPILED FROM THE ANNUAL STATEMENTS OF THE UNITED STATES BRANCHES OF FOREIGN FIRE INSURANCE COMPANIES, SHOWING THEIR CONDITION ON THE 31ST DAY OF DECEMBER, 1881. UNITED STATES BRANCH OF THE BRITISH AMERICA ASSURANCE COMPANY. market value..... Interest due and accrued on stocks owned, not included in Premiums in due course of collection.. Aggregate amount of all actual available Assets.. 10,075 00 38,785 32 $864,452 62 Net amount of all unpaid losses and claims... Unearned premiums, at 50 per cent of premiums on fire risks under one year.. Unearned premiums, pro rata, on fire risks running more than one year...... Unearned premiums at 50 per cent, on inland navigation risks...... Total unearned premiums as computed above.. $73,674 76 $75,174 76 $218,231 48 III. INCOME DURING THE YEAR. 86,539 26 310,495 93 $385,670 69 Interest and dividends received from all other sources....... Aggregate Income received during the year in cash. $570,120 25 30,048 26 $600,168 51 Paid for commission and brokerage. $386,119 57 116,587 19 Salaries and other charges of officers, clerks and other employes.... Amount paid for State, national and local taxes.. All other payments............ Aggregate Expenses during the year in cash 13,016 77 13,392 47 46,914 90 $576,030 90 Total premiums received from the organization of the Company to date Total cash dividends declared since the Company commenced business. Total amount of the Company's stock owned by the directors at par value. Amounts deposited in various States and countries, which, under the laws thereof, Business in the State of New York during the year: UNITED STATES BRANCH OF THE COMMERCIAL UNION ASSURANCE COMPANY. LOCATED NO. 37 WALL STREET, NEw York. I. ASSETS. Market value of real estate owned by the Company, unincumbered..... Stocks, Bonds, etc., owned by the Company: $130,121 71 328,899 56 Total amount of cash items ..... Interest due and accrued on stocks owned, not included in Net amount of all unpaid losses and claims.. year... 3,051 00 249,588 80 52 50 1,420 63 $1,997,581 20 $152,366 24 13,934 76 $166,301 00 $542,841 82 340,460 09 883,301 91 38,938 32 Total unearned premiums as computed above..... All other demands against the Company: Due to agents and brokers, $37,438.32; outstanding drafts, $1,500. Total..... Total Liabilities $1,088,541 23 Gross cash premiums received III. INCOME DURING THE YEAR. $1,774,444 48 Deduct re-insurance, rebate and return premiums Net cash received for premiums (all fire).. Aggregate Income received during the year in cash..... |