564   INSURANCE CO. OF THE STATE OF PENNSYLVANIA.


INSURANCE COMPANY OF THE STATE OF
PENNSYLVANIA
Philadelphia, Pennsylvania.
Hlome Office, 308-310 WALNUT STREET.
[Incorporated April 18, 1794; letters patent issued to consolidated company
August 10, 1911; admitted April, 1887.]
1'resi(leit, CLARENCE E. PORTD, R.           Vice President, AVAITE BLIVEN.
secretary, EDWARD L. GOFi'.
CAPITAL STOCK.
Amount of capital paid up in cash ................... $800,000 00
Amount of ledgler assets December of previous year .........     $ 3,732,733
41
INCOME.
Marine and
Fire.        inland.
Gross premiums .........    ............. $4,104,995 28  $51,840 52
Deduct gross amiount paid for reinsur-
alnce: lire, $1,052,875.11; marine and
inland, $1,443.82; return  premiums:
tire, $875,301.91; marine and inland.
$9,019.85 .............. ............... 1.928,177 02  10.443 67
Total premiums (other than per-
petual) .............     .......... $2,176,818 26  $41,396 85 $2,218,21-5
.1t
Deposit premiums written on perpetual risks (gross) .....             9,50(
18
Gross interest on mortgage loans .$2,997 71
Gross interest on bonds and dividends on stocks, less
accrued interest on bonds acquired during the year    130,442 49
Gross interest on deposits in trust companies and
banks                      .             .               84 32
Gross interest from all other sources:
Agents' balance ..............-..            $3 2S
Philadelphia Underwriters' Ass'n, de-
posit.                                       ) 15
0 43
Gross rents from company's property         .    .      15.3 I" )08
90
Total gross interest and rents .......     .......................  149,619
85
From other sources: Union Insurance Co., unclaimed dividends ...        
9 31 13
Gross profit on sale or maturity of ledger assets: Bonds ..........   1,591
64
Total income .     .........................$......................  2,379,857
91
Total footings .........................................$. 6,112,591 32
DISBURSEMENTS.
Marine anmi
Fire.        inland.
Gross amount paid policyholders for
losses (including $270,826.05 occurring
in previous years) .................... $1,907,150 50  $1,779 58
Deduct gross amount received for sal-
vage: fire, $5,117.68; marine and in-
land,   $25.00;   reinsurance:   fire,
$529,941.16;  marine    and   inland,
$214.38; discount: fire, $2,520.O .....  537,579 44       239 37
Net amount paid policyholders
for losses ... i ................ $1,369,571 00  $1,540 21 $1,371,11-1 97