WARoSAW     tIt I1 I  . Co.                       105
WARSAW FIRE INSURANCE COMPANY
Warsaw, Russia.
U. S. Office, 123 WILLIAM      STREET, NEW        YORK    CITY.
[Incorporated   May 1, 1870; commenced business in U. S., Sep. 1, 1911; ad-
mitted 1912.]
U. S. Managers, FESTER, DOUGLAS & FOLSOM.
CAPITAL STOCK.
Statutory deposit                   .          .           $200,000 00
Amrount of ledger assets December 31 of previous year.............      
$650.965 67
INCOME.
Fire.
Gross premiums .......... $1,107,238 54
Deduct gross amount paid for return premiums ......         207,108 16
Total premiums other than perpetual... .           .............   $900,130
38
Gross interest on bonds and dividends on stocks, less
$1,217.01 accrned interest on bonds acquired during
the year ......$2...............                   ...    $24,227 86
Gross interest on deposits in trust companies and
banks ............................................          1,614 08
Total gross interest and rents ................................      25,841
94
Total income .     ................................................  $925,972
3 2
Total footings ...................................$..... $1576,937 99
DISBURSEMENTS.
Fire.
Gross amount paid policyholders for losses ..........      $275,101 47
Deduct amount received for salvage ..................         1,000 03
Net amount paid policyholders for losses            .   .    .     $274,101
44
Expenses of adjustment and settlement of losses            .    .   .   
    3 ,447 42
Commissions or brokerage ............     .................... .        
 244,487 97
Salaries, fees and all other charges of officers, directors, trustees
and home office employes.                              .       .        
   50f ri(
Advertising      .......................................................
      42 25
LegalI expenses       ....................................................
   12T 90
State taxes on premiums ...........        ..                           
     426 9:!:
Insurance department licenses anmd fees .            .          .       
   1,848 94
Other dishumrsements:
Office expenses          ...........................         $355 67
Home office remittance ........          ...........       99),000 00
Totail disbursements .$624,332 52
Blalance ......   .   ..................       ,     .   .   $952,605 47
LEDGER ASSETS.
Book value of bonds ..... . ...........................    $848,222 47
Deposits in trust companies and banks on interest ...        36,190 76
Agents' balances representing business written sub-
sequent to October 1, 1912 ..........................      68,192 24
Total ledger assets ............     ..............................  $952,605
47
a0-Ins.-I