MAXNHIAM INS. U0.


1083


MANNHEIM INSURANCE COMPANY
Mannheim, Germany.
U. S. Office, 37 WALL ST., NEW YORK CITY.
LIiieorporated May 24, 1879; commenced business in U. S. February 4, 188Si4
admitted April 30, 1897.1
U. S. Managers, F. HERRMANN & CO.
CAPITAL STOCK.
Statutory deposit ............  ........................  $200,000 00
Amount of ledger assets Dec. 31 of previous year .$866,441 40


INCOME.
Marine
and inland
Gross premiums ...........        .......................... $2,464,293 15
Deduct gross amount paid for reinsurance, marine and
inland, $836,247.31; return premiums, marine and in-
land, $180,531.15 ..................................... 1,016,778 46
Total premiums (other than perpetual) .$1,447,514 69
Gross interest on bonds and dividends on stocks ......       $20,204 56
Gross interest on deposits in trust companies and
banks .    .............................................     1,091 27
Total gross interest and rents ................................       21,295
83
Remittances from head office ........................................   
    12.406 30
Total income .      .................................................. $1,481,216
82
Total footings ..........      ................................. $2,347,658
22


DISBURSEMENTS.
Marine
and inland
Gross amount paid policyholders for losses (includ-
ing $85,757.48 occurring in previous years) .......  $1.. $1,434,954 92
Deduct amount received for salvage, marine and in-
land, $134,551.07; reinsurance, marine and inland,
$531,122.11 .  ..........................................  665,673 18
Net amount paid policyholders for losses...........................
Commissions or brokerage......................................
Allowances to local agencies for miscellaneous argeney expenses....
Expenses ...........................................................
Salaries, fees, and all other charges of officers, directors, trustees
and home office employes ...................................
Printing and stationery.........
iPostage, telegrams, telephone and express ...-
Legal expenses ......         ..................................... j
Underwriters' boards and tariff associations ......................
Fire department, fire patrol and salvage corps assessments, fees,
taxes and expenses.         ......................................
Inspections and surveys......................................
State taxes on premiums...........................................
Insurance department licenses and fees.............................
All other licenses, fees and taxes: Federal corporation tax.........


$769,281 74
316.851 64
7,771 71
9,078 77
5,240 11.
10,394 47
3,156 19
1,720 15
3,621 55
163 75
1,190 79
33,652 43
6,968 66
1,016 90