666                   NATIONAL UNION FIRE INS. CO.
NATIONAL UNION FIRE INSURANCE COMPANY
Pittsburgh, Pennsylvania.
Home Office, H. W. OLIVER BLDG.
[Incorporated February 14, 1901; commenced business March 1, 1901.]
Date of admission into Wisconsin, June, 1901.
President, E. E. COLE.                        Vice President, A. W. MELLON.
Secretary, W. F. BRAUN.                       Treasurer, A. W. McELDOWNEY.
CAPITAL STOCK.
Amount of capital paid up in cash.................. $1,000,000 00
Amount of ledger assets December 31 of previous year .............$ 3,885,890
63
INCOME.
Fire.
Gross premiums ...... ................................ $4,169,209 14
Deduct    gross   amount    paid   for   reinsurance,
$1,145,937.59; return premiums, $720,318.40 ......... 1,866,255 99
Total premiums (other than perpetual) ............           $2,302,953 15
Gross interest on mortgage loans ....................$3,654 18
Gross interest on collateral loans .....................  5,750 00
Gross interest on bonds and dividends on stocks, less
$1,413.87 accrued interest on bonds acquired during
the year .   ..........................................  10,0692 25
Gross interest on deposits in trust companies and
banks ..............................................     4,943 31
Gross interest from all other sources:
Interest on bills receivable taken for fire risks ......   289 98
Gross income from unlisted assets ...................     170 69
Gross rents from company's property ................        400 00
Total gross interest and rents      .         .................  154,900
41
From agents' balances previously charged off      .       ...........   
489 76
Gross profit on sale or maturity of ledger assets:
Bonds ................                                 $4,515 94
Stocks .15 25
4,531 19
Total income ................................................ $2,462,874
51
Total footings .    ........................................ $6,348,771 14
DISBURSEMENTS.
Fire.
Gross amount paid policyholders for losses (includ-
ing $162,813.66 occurring in previous years) ..... $.... 1,736,252 62
Deduct amount received for salvage. $8,005.18; rein-
surance, $605,195.75; discount, $1,163.22 .............  614,364 15
Net amount paid policyholders for losses.                   $1,121,9888 47
Expenses of adjustment and settlement of losses ...................   32,848
85
Commissions or brokerage ........   .    .................................
 406,891 17
Allowances to local agencies for miscellaneous-agenev expenses...      11,004
48
Salaries, $79,567.39, and expenses, $54,026.74, of special and general
agents ............................................................  133,594
13
Salaries, fees and all other charges of officers, directors, trustees
and home office employes .........      ............................... 
114,724 62