FRANKONA REINSURANCE CO.


917


FRANKONA REINSURANCE COMPANY
Frinkfort-on-the-Main, Germany.
Branch Office in U. S., 123 WILLIAM STREET, NEW YORK CITY.
[Incorporated in 1S86; commenced business in U. S. in 1911; admitted January
13, 1912.]
United States Manager and Attorney, C. H. FRANKLIN.
Assistant to Manager, J. M. SMITH.
CAPITAL STOCK.


Statutory deposit .$200,000 00
Anmount of ledger assets December 31, 1912 .......................
INCOME.
Fire.
Gross premiums .......... ................ : .........  $294,178 90
Deduct gross amount paid for return premiums, fire        58.659 83
Total premiums (other than perpetual) .....................
Gross interest on bonds and dividends on stocks, less
$243.93 accrued interest on bonds acquired during
1912 ........................................          $20,06 07
Gross interest on deposits in trust companies and
banks ...............................................    1,179 75
Total gross interest and rents ..............................
Remittance from   home office ......................................


$521,824 69
$235,519 07


21,185 82
20.643 27


Total income ..............................................    $277,348 16
Total footings .....            .................        $799,172 85


DISBURSEMENTS.
Fire.
Gross amount paid policyholders for losses (includ-
ing $15,657.03 occurring in previous years) .... $....  99,242 84
Deduct amount received for salvage, fire .    ...........    603 46
Net amount paid policyholders for losses .$98.639 38
Expenses of adjustment and settlement of losses .1,461 45
Commissions or brokerage .65,407 91
Salaries, fees and all other charges of officers, directors, trustees
and home office employes.                                              3.763
04
Rents.920 00
Printing and stationery .477 70
Postage, telegrams, telephone and express .134 44
Furniture and fixtures.                                                 
  17 45
Underwriters' boards and tariff associations .280 50
State taxes on premiums .70 70
Insurance department licenses and fees .1,245 39
All other licenses, fees and taxes: Remittance to home office          45,185
70
Miscellaneous expenses .188 00
Gross decrease, by adjustment, in book value or ledger assets:
Bonds .240 00
Total disbursements                     .$218,031 66
Balance .$581,141 19