450                     FRANKLIN FIRE INS. CO.
FRANKLIN FIRE INSURANCE COMPANY
Philadelphia, Pennsylvania.
Home Office, 421 WALNUT STREET.
[Incorporated April 22, 1829; commenced business June, 1829; admitted 1871-1
President, ALFRED E. DUNCAN.                    Secretary, EDGAR P. LUCEL.
CAPITAL STOCIK.
Amount of capital paid up in cash ......................  $500,000 00
Amount of ledger assets December 31 of previous year ....   ....... $3,399,288
48
INCOME.
Fire.
Gross premiums ............. - $1,879,343 99
Deduct gross amount paid for reinsurance, fire,
$193,6917.56; return premiums, fire, $300,762.37  -  494,459 93
Total premiums other than perpetual ........    ............... $1,384,884
06
Deposit premiums written on perpetual risks (gross) ...........     11,081
56
Gross interest on mortgage loans ......  ..............  $2,231 19
Gross interest on collateral loans ...... .............    73 33
Gross interest on bonds and dividends on stocks, less
$791,721 accrued, interest on bonds acquired during
the year ..................                         109,539 96
Gross interest on deposits in trust companies and
banks ..............................................  1,548 85
Gross rents from company's property, including
$6,000 for occupancy of its own buildings ..... .....  8,174 00
Total gross Interest and rents ............. .. ................  121,567
33
From other sources: Transfers                 .          .             693
00
Gross profit on sale or maturity of ledger assets: Bonds ........    1,152
2&
Total income ............                                  $1,519,378 23
Total footings .   ......................................... $4,918,666 71
DISBURSEMENTS.
Fire.
Gross amount paid policyholders for losses (includ-
ing $32,773.97 occurring in previous years) ........  $959,629 54
Deduct amount received for salvage, fire, $3,250.38;
reinsurance, fire, $84,821.77 ....... ..................  88,072 15
Net amount paid policyholders for losses ......    ...................  *871,557
39
Expenses of adjustment and settlement of losses .....   ............  16,498
68
Commissions or brokerage .........      ................................
 291,143 42
Allowances-to local agencies for miscellaneous agency expenses...    4,906
57
Salaries, $34,776.00, and expenses, $37,178.19, of special and. general
agents ...                               ;                         71,954
19
Sali,'w1ieq. fees, end all other charges of officers, directors, trustees
and home office employes ........................................  78,156
88