1250


LUIMBER PNbtRWRITV,8


LUMBER UNDERWRITERS
New York City.
Home Office, 66 BROADWAY.
[Organized March 7, 1892; commenced business April 30, 1892; admitted May
24,
1911.]
Attorney-in-fact, EUGENE F. PERRY.
CAPITAL STOCK.
Amount of capital paid up in cash .....        ..........  100,o0o 00
Amount of ledger assets December 31 of previous year .............. $255,024
17
INCOME.


Fire.
Gross premiums         ......               ............  $517,688 30
Deduct    gross    amount    paid    for   reinsurance,
$176,384.05; return premiums, $96,398.54 ..............  272,782 59
Total premiums (other than perpetual)......................
Gross interest on bonds and dividends on stocks ....          $350 00
Gross interest on deposits in trust companies and
banks ....................  ..........................     5,405 39
Total gross interest and rents..............................


$244,905 71


5, 755 ft.


Total income .      ................................................   $250,661
10
Total footings .........................!............. $505,685 27


DISBURSEMENTS.
Fire.
Gross amount paid policyholders for losses (includ-
ing $25,389.46 occurring in previous years) ...... :.. $237,845 46
Deduct gross amount paid for salvage, $835.43; rein-
surance, $85,514.70 .................................    86,350 13
Net amount paid policyholders for losses.....................
Esxpenises of adjustment and settlement of losses...................
Coammissions or brokerage                ... ..............
Salaries, tees and all other char ges of officers, directors, trustees
ani hoille otfice enmployes ............................... I....... I
Rentsl   .. . . . . . .. . . . ......................................  .
Advertising  ......   ............  -
Legal expenses ....................................................
ire departlent, lire patr ol andl salvage corps assessments, fees,
taxes and expenses.         ......................................
State taxes on premiums..........................................
Insurance department licenses and fees........................
Other disbursements:
Expense of quarterly audit ..........................     $550     00
General expense ...........     ........................    1.181 42


$151,495 23
1,580 94
17,262 45
47,037 00
1.,000 00
4,009 21
597 04
403 55
1,662 13
650 00




1, 731 42
Paid underwriters' dividends (amount declared during the year)..      18,077
55
Agents' balances charged oftf.................................          
918 85
Total disbursements .$246,354 S7
Balance .$259,330 40