LIABILITIES. Net amount of unpaid losses.. Unearned premiums at 100 per cent. on marine risks Amount of unearned premiums on all outstanding risks.. 213,393 16 1,850 12 Due and accrued for salaries and other miscellaneous expenses.. Cash dividends unpaid All other demands against the company, viz: commissions and other charges due and to become due to agents and brokers, $9, 416.02; re-insurance and credit accounts, $35, 865.67; sinking fund, U. S. bonds, $2,841.17... Gross liabilities, except capital stock............ Surplus as regards policyholders Amount of capital stock paid up..... Surplus over paid up capital 818 13 11,518 42 48,122 86 $425,702 69 $1,348, 332 23 711,200 00 $637,132 23 INCOME DURING THE YEAR. From marine and inland risks. $166,039 83 Gross premiums and bills in course of collection December 31, 1881. $1,476,709 35 Deduct premiums and bills in course of collection December 31, 1882. 179,855 08 In force on the 31st day of December of the preceding year.. Marine and $32, 919, 495 Net amount in force........ GENERAL INTERROGATORIES. $15,887,555 $749,201 29 35,560 00 4,553 63 65,021 50 $854,336 42 Premiums. $213,393 16 Total premiums received from organization of company to date....... Total losses incurred during the year Total cash dividends declared since the company commenced business... $20,795, 643 81 14,740, 670 40 899, 201 29 1,774, 773 33 BUSINESS IN THE STATE OF ILLINOIS DURING THE YEAR. Amount of risks taken, marine and inland ...... Premiums received, marine and inland On risks commencing or terminating in Illinois, $6,000.. On risks not touching Illinois, $3,480. Losses paid, fire, marine and inland, in the United States.. Losses incurred, fire, marine and inland, payable in the United States $2,067, 410 00 9,480 00 148 09 148 09 NOTE.-The amounts in this statement are computed at the rate of $5 to the pound sterling. WESTERN ASSURANCE COMPANY. YEAR ENDING DECEMBER 31, 1882. Located at Toronto, Canada; commenced business August, 1851; commenced business in Illinois November 20, 1872.1 Value of real estate owned by the company, unincumbered. $57,440 00 Loans on bond and mortgage (first liens) upon which not more than one year's interest is due 26,850 00 Interest due and accrued on bond and mortgage loans. 1,125 00 Market value of United States bonds owned by the company par value.. Market value of other stocks and bonds owned by the company, viz.......... $476,000 00 76, 141 73 Interest due and accrued on stocks not included in market value... Bills receivable, not matured, taken for fire, marine and inland risks... 2,707 95 92,433 64 62,559 37 28, 603 34 Net amount of unpaid losses.. one year. Unearned premiums at 50 per cent, on inland navigation risks 677,808 85 24,520 30 12,278 61 $831,635 31 $503,832 93 400,000 00 $103,832 98 All other demands against the company, viz: Commissions and other charges due and to become due to agents and brokers.. Gross liabilities, except capital stock......... $1,371,208 88 In force on the 31st day of December of the preceding year.. Total.. Deduct those expired and marked off as terminated.... 1,168,583 44 RECAPITULATION. In force, having from date of policy not more than one year More than one and not more than three years to run.. Net amount in force December 31, 1882.. In force on the 31st day of December of the preceding year.. Total Deduct those expired and marked off as terminated.. In force December 31, 1882. Deduct amount re-insured. Marine and inland risks. Net amount in force.... GENERAL INTERROGATORIES. $1.323,826 $70,831 72 Total premiums received from organization of company to date.. $11, 194, 868 53 7,385,466 56 1,039, 137 33 BUSINESS IN THE STATE OF ILLINOIS DURING THE YEAR. See U. S. Branch statement. |