NORTHERN      INS. CO.                           715
NORTHERN INSURANCE COMPANY
New York City.
Home Office, 1 LIBERTY STREET.
Incorporated October 22, 1897; commenced business October 25, 1897; admitted
December, 1898.]
President, WM. MASON.                            Secretary, JAMES MARSHALL.
CAPITAL STOCK.
Amount of capital paid up in cash .....      ..............  $350,000 00
Amount of ledger assets December 31 of previous year ........... $1,243,070
06
INCOME.
Fire.
(ro>s premiums .................. i...................   $914,490 69
D)educt gross amount paid       for reinsurance, fire,
j$1108,029.(03; return premiums, fire, $134,772.30.      243,401 33
Total premiums (other than perpetual).                            $71,089
36
Gloss interest on  anortgage loans .....     ..............  $4,800 00
Gross interest on bonds an ddividen(ds on stocks ....       46,868 75
(Gross interest on deposits in trust companies and
b)anks ...............................................       103 18
Total gross interest and rents .51,8.3t 93
Froni other sources: Loan from Hanover Mutual bank .25,000 00
Gross profit on sale or maturity of ledger assets: Stocks               
    100 13
Gross increase, by adjustment, in book value of ledger assets:
Bonds .... $1,750 00
Stocks ...                                                12,475 00
14,225 00
Total incomee .0................................................  $762,246
42
Total footings .    ............................................... $2,005,316
48
DISBURSEMENTS.
Fire.
Gross amount paid policyholders for losses (includ-
ing $50,997.21 occurring in previous years) ........    $414,801 38
Deduiet amount received for salvage, fire, $5,0518.49;
reinsurance, fire, $52,546.43; discount, fire, $924.31..  58,529 23
Net amount paid policyholders for losses .....        ..............  $356,272
1 5
Expenses of adjustment and settlement of losses ....        .............
 8,473 74
Commissions or brokerage ........2......                                
 37,613 80
Salaries, fees, and all other charges of officers, directors, trustees
and home office employes .......          ...............................
 1,280 00
Rents ..............................................................    
  4,500 00
Advertising .    ........................................................
     6 00
ITnderwrithrs' boards and tariff associations .....................     
 4,941 49
Fire department, fire patrol and salvage corps, assessments, fees,
taxes and expenses ...................     .                            
6,250 37
State taxes on premiums .           .       .    ....................   
13,762 11
Insurance department licenses and fees ...         .........................
 2.756 45
All other licenses, fees and taxes:
Federal corporation tax .......      .....................  $1,867 96
City licenses ...............  ........................      246 10
2,114 06