PALATINE INS. CO.


PALATINE INSURANCE COMPANY, LTD.
London, England.
U. S. Office; 55 JOHN STREET, NEW YORK CITY.
[Incorporated Aug. 22, 19010; commenced business in U. S. Jan. 1, 1901; ad-
mitted, 19,01.]
Manager, A. H. WRAY.
CAPITAL STOCK.
Amount of statutory deposit ......      ..................  $200,OW 00
Amount of ledger assets December 31 of previous year ........... $3,469,1.592
47
INCOME.
Fire.
Gross premiums .............                          $2,756,044 07
iDeduct gross amount paid      for reinsurance, fire,
.$403,231.07; return premiums, fire, $538,2651.74  ......  941,496 81
Total premiums (other than perpetual) .......      ................ $1,814,547
26
(Gross interest on bonds and dividends on stocks, less
$1.494.17 accrued interest on bonds acquired during
the year ........................                     $116,285 83
Gross interest on deposits in trust companies and
banks ...............................................    3,508 59
Total gross interest and rents ............. ..  ................  119,794
42
From  other sources: Received from    home office ............... ..    2,628
21.
Gross profit on sale or maturity of ledger assets: Stocks .... .....    2,493
0IL
Total income ............      .................................... $1,939,462
9.O
Total  footings  .........     ...............................  $5,408, 615
 :37
DISBURSEME NTS.
Fire.
Gross amount paid policyholders for losses (includ-
inig $96,549.98 occurring in previous years) .... $.... 1,138,196 92
Deoduct amount received for salvage, fire, $10,260.06;
reinsurance fire, $180,504.99 ......  ..................  190,765 05
Net amo;unt paid policyholders for losses ....................  $ 947,431
87
Expenses of adjustment and settlement of losses .....     ............. 
25i,377 17
Commissions or brokerage .........        ...............................
 413,274 93
Allowances to local agencies for miscellaneous agency expenses ..       3,196
066
Salaries, $28,400.56, and expenses, $20,316.01, of special and general
a gents ....     ......             ;                                48,776
57
Salaries, fees and all other charges of officers, directors, trustees
and home office employes ........       ................................
 76,718 10
Rents ..........                                                       11,497
89
Advertising., $1,198.-00; printing and stationery, $14,347.27 ...........
 15,545 27
Postage, telegrams, telephone and express ......      ..................
 10,407 78
Legal expenses      .............                                       
 712 10
Furniture and fixtures ..........      ..................................
 3,577 84
Maps, including corrections .........      ..............................
 2,899 93
TUnderwriters' boards and tariff assoeiations .....     ................
 19,743 19
Fire department, fire patrol and salvage corps assessments, fees,
taxes and expenses .1                                                   
 (.................  I1.-, 4( 37