III. LIABILITIES. Gross claims for adjusted and unpaid losses due and to become due.. Gross losses in process of adjustment, or in suspense, including all reported and supposed losses. Losses resisted, including interest, costs and other expenses thereon ... Amount of unpaid losses..... Gross premiums received and receivable upon all $900 00 13,364 65 1,500 00 $15,764 65 $82,699 98 82,465 69 165, 165 67 Total unearned premiums as computed above.. Total amount of all liabilities, except capital stock, and net surplus.... Joint stock capital paid up in cash..... 3,961 77 $184,892 09 200,000 00 Surplus beyond capital and all other liabilities. 54,380 19 Aggregate amount of all liabilities, including paid up capital stock, and net surplus.... $439,272 28 Deduct gross premiums and bills in course of collection at this date.... $23,770 65 Entire premiums collected during the year.... $320,997 99 return premiums... Net cash actually received for premiums.. Received for interest on mortgages 69,940 78 $251,057 21 14,110 30 6,329 21 $271,496 72 Received for interest and dividends on stocks and bonds, col- Aggregate amount of receipts actually received dur- V.-DISBURSEMENTS DURING THE YEAR. Gross amount actually paid for losses (including $5,382.15 losses occurring in previous years).. $128,283 35 Deduct all amounts actually received for salvages (whether on losses of the last or of previous years), $758.33; and all amounts actually received for re-insurance in other companies, $10,003.12; total deductions.... Net amount paid during the year for losses.. 10,761 45 Cash dividends actually paid stockholders (amount of stockholders' dividends declared during the year, $20,000.00)... Paid for commission or brokerage.... Paid for salaries, fees and all other charges of officers Aggregate amount of actual disbursements during the $117,521 90 20,000 00 52,096 95 13, 255 19 5,719 72 14,308 24 $222,902 00 Total amount of premiums received from the organization of the company to date...... $1,864, 793 Total amount of the company's stock owned by the directors BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR. TAXES ON PREMIUMS IN THE STATE OF WISCONSIN, PAID DURING 1895. GREENWICH INSURANCE COMPANY, New York, N. Y. [Organized or incorporated May 5, 1834; commenced business January 1, 1835.] Secretary, NICHOLAS W. MESEROLE Principal Office, 161 BROADWAY, NEW YORK CITY. President, MASON A. STONE. Attorney for service of process in Wisconsin Commissioner of Insurance. I. CAPITAL. Whole amount of joint stock or guaranteed capital authorized Value of real estate owned by the company.......... Loans on mortgage (duly recorded and being the first liens on the fee simple) upon which not more than one year s interest is due............... Interest due on all said mortgage loans.... Value of lands mortgaged, exclusive of Value of the buildings mortgaged (in- Total value of said mortgaged premises $6,000,00 3,000 00 $9,000 00 Account of all Bonds and Stocks, owned absolutely by the Company. $200,000 00 200,000 00 $200,000 00 1,100 00 33 00 |