NORWICH      UNION    FIRE INS. SOCIETY.                   983
NORWICH UNION FIRE INSURANCE SOCIETY, LTD.
Norwich, England.
U. S. Office, 59 JOHN     STREET, NEW       YORK    CITY.
[Incorporated 1797; commenced business in U. S., 1877; admitted 1880.]
U. S. Managers, J. MONTGOMERY HARE, WILLIAM HARE.
CAPITAL STOCK.
Statutory deposit                   .$200,000 00
Amount of ledger assets December 31 of previous year .$2,709,196 03
INCOME.
Fire.
Gross premiums ....... .   ............................ $2,662,425 26
Deduct    gross   amount     paid   for   reinsurance,
reinsurance,    $583,678.55;   return     premiums
$340,904.34 .924,582 89
Total premiums (other than perpetual) .$1,737,842 37
Gross interest on bonds and dividends on stocks, less
$672.10 accrued interest on bonds acquired during
1912 ..............................................     $86,474 18
Gross interest on deposits in trust companies and
banks .3,576 32
Gross interest from  all other sources:  Dividend on
stock of Underwriters' Salvage Co. of N. Y                  100 00
Total gross interest and rents ........                            90.150
50
From   other sources: Received from   home office ..........................
 10,000 00
From  agents' balances previously charged off ......................3.0 91
Gross profit on sale or maturity of ledger assets: Bonds .         .........
 2,562 50
Total income .............      ................................... $1,840,-559
28
Total footings .........      ................................ $4,549,755
91
DISBURSEMENTS.
- Fire.
Gross amount paid policyholders for losses (includ-
ing $152,671.12 occurring in previous years) ........$ 1,213,268 05
Deduct amount received for salvage, $14,973.33; rein-
surance, $291,680.53 .........   .......................  306,653 86
Net amount paid policyholders for losses .......................  $906,614
19
Expenses of adjustment and settlement of losses .19,906 33
Commissi'ons or brokerage                                               317,105
09
Allowances to local agencies for miscellaneous agency expenses       .  
   946 37
Salaries, $56,176.03, and expenses, $44,943.18. of special and general
agents .101,11.9 21
Salaries, fees and all other charges of officers, directors, trustees
and home office employes......................................       136,642
39
Rents .15,636 56
Advertising, $4,801.80; printing and stationery, $16,645.79     .       
21,447 59
Postage, telegrams, telephone and express .14,835 77
Legal expenses.                                                         
 1,416 63
Furniture and fixtures            ..1,449-86
Maps, including corrections .5,485 66
Underwriters' boards and tariff associations .......................    
28,454 24