1244


STATE MUTUAL FIRE INS. CO.


STATE MUTUAL FIRE INSURANCE COMPANY
Providence, Rhode Island.
Home Office, 815 GROSVENOR BLDG., 10 WEYBOSSETT ST.
[Incorporated February 26, 1855; commenced business February 26, 1855.]
Date of admission into Wisconsin, October 23, 1912.
President, JOHN R. FREEMAN.
Vice Presidents, BENJ. G. BUTTOLPH, EDWIN D. PINGREE.
Secretary, THEODORE P. BOGERT.
BALANCE SHEET.
Amount of ledger assets December 31 of previous year ............. $1,923,257
65
INCOME.
Gross premiums ...........     ......................... $1,054,951 36
Deduct gross amount paid for return premiums ......      55,562 89
Total premiums ..............        .....................     $999,388 47
Gross interest on bonds and dividends on stocks ....     81,832 78
Gross interest on deposits in trust companies and
banks ..............................................    4,593 30
Gross interest from  all other sources:  Interest on
delayed payment of premium deposit ..............         18 45
Total gross interest and rents .86,444 53
From other sources: Sale of rights, Chicago, Milwaukee & St. Paul
Ry. Co ........................................I.........I...I....I.....
 268 13
G(ross profit on sale or maturity of ledger assets: Stocks ..........  4,617
00
Total income .............     ................................... $1,090,718
13
Total footings .........      ................................ $3,013,975
78


DISBURSEMENTS.
Gross amount paid policyholders for losses (including $2,564.38 oc-
curring in previous years)........................................
Salaries, fees, and all other charges of officers, directors, trustees
and home office employes......................................
Rents ..........................................
Advertising, $11.89; printing and stationery, $1,577.20.
Postage, telegrams, telephone and express.........................
Legal expenses ....................................................
Furniture and fixtures .............................................
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:
IF'e(deral corporation tax ...........................8. 23,175 88
Munlllicipal ta..    .................     ...........    22,538 38
Other disbursements:     Incidental expenses........................
Return of unabsorbed premium deposit to policyholders...........
(Uross decrease, by adjustment, in book value of ledger assets:
Stocks ...........................................................


$82,048 88
22,199 47
2,043 91
1,589 09
1,073 02
2,253 94
838 82
48 46
37,885 94
1.4,817 70
567 41


45,714 26
587 23
850,063 98
4,885 13


Total disbursements ......................................... $1,066,617
27
Balance ....                                             $1,947,358 51