UNION MARINE INS. CO.


1099


UNION MARINE INSURANCE COMPANY, LTD.
London, England.
U. S. Office, 37 WALL STREET, NEW YORK CITY,
[Iiorporated 1863; commenced business In U. S., Oct. 14, 1880; admittd 189141
1U. S. Managers, F. HERRMANN & CO.
CAPITAL STOCK.


Statutory deposit ...........     .........................  $200,000 00
Amount of ledger assets December 31 of previous year..............
INCOME.
Ma rine
and inland
Gross premiums ..................................... $2,090,381 34
Deduct    -gross  amount     paid   for    reinsurance,
$989,083.08; return premiums, $185,170.28 .1,174,253 36
Total premiums (other than perpetual).......................
Gross interest on bonds and dividends on stocks .....      $21,402 50
Gross interest on deposits in trust companies and
banks ...............................................      1,176 20
Total gross interest and rents.....
Froum other sources: Remittances from     head office................
From  agents' balances previously charged off......................


$776,057 23
$916,127 98


22,57S 70
37,041 65
812 94


Total income ...........        -     .   ........................     $976,56i
27
Total footings                         .$1,752,618 50


DISBURSEMENTS.
Marine
and inland
Gi'Oss lamount pifld policyholders for losses (ineltid-
iwix $103,714.20 occurring in previous years) .  ....... $1,205,462 15
Deduct -,amount received for salvage, $99,438.41; rein-
surance, $560,211.48 .........    .......................  659,649 89
Net amount paid policyholders for losses....................
Commissions or brokerage ......
Allowances to local agencies for miscellaneous agency expenses....
Expenses of special and general agents.............................
Salaries, fees and all other charges of offieers, directors, trustees
and home office employes.......................................
Advertising, $201.47: p)rinting and stationery, $7,411.38.............
Postage, telegrams telephone and express..........................
Legal expenses ....................................................
TTnderwriters' 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: On propertv basis..............
Other disbursements: Remittances to head office..................


$545, 812 26M
154X, 289R 4.5
'.1.165 20-
6,556 42
4,968 71
7, 61 2 8 5
2,424 37
1,129 1 3
2,744 04
723 87
781 90
23,457 71
5,032 25
722 -50
98,590 20


Total disbursements ....................................... ..    $857,359
9S
Balance ................................................     $895,258 52