o3 00


BUFFALO GERMAN INS. CO.


BUFFALO GERMAN INSURANCE COMPANY
Buffalo, N. Y.
Home Office, 447 and 449 MAIN STREET.
LIncorporated February 15, 1.867; comml1enced business February 16, 1867;
admit-
ted March 1, 1867.1
President, JOHN G. WICKER.                     Secretary, CHAS. A. GEORGER.
Vice Presidents, EDWIN B. EGGEITI, FR1ANK NOELL.
CAPITAL STOCK.
Amount of capital paid up in cash .....      ............  $200,0,00 00
Amouit of ledger assets December 31 of previous year ........... $2,566,809
02
INCOME.
Fire.
G'ross peunu      ..$842,668 08
Gloss preniliums .......................................... $82680
Deduct gross amount paid for reinsurance, fire,
$51.043.84; return premiums, fire, $130,802.57 ......  182,1046 41
Total premiums (other than perpetual) ..       ..............  $600,621 67
Gross interest on mortgage loans ..............  $..     ...... $21,769 19
Gross interest onl collateral loans ..........  .........   365 97
Gross interest on bonds and dividenrls oln stocks, less
$4,291.42 accrued interest on bonds acquired dur-
ing the year ..........                                58,345 88
Gross interest on deposits in trust companies and
banks.6,118 03
bali  ....................  ....................    6180
Gross interest from  all other sources: Interest on
deposit with Philadelphia Ulnderwriters Associa-
tion  ..............................                        9  90
Gross  rents from    company's property, including
$4.000.00 for company's occupancyof its own build-
i.gs  .............................................    33,520 83
Total gross interest and rents .......      ......................  120,129
8a
From  agents' balances previously charged off ...... i  ............... 
 83 50
Gross increase, by adjustment, in book value of ledger assets, viZ.:
Bonds .....                                                           2.253
3&
Total income .   .................................................  $783,088
30
Total footings ...........    .............................. $3,349,897 32
DISBURSEMENTS.
Fire.
VIross amount paid polieybolders for losses (includ-
ing $50.815.42 occurring in previous years) ........  $388,689 89
Deduct amount received for salvage, fire, $5,651.39;
reinsurance, fire, $18,198.90; discount, fire, $710.80  24,561 09
Net amount paid policyholders for losses .....     ..............  $364,128
80
Expenses of adjustment and. settlement of losses .....    ............  11.418
45
Commissions or brokerage           ........................................
 167,570 19
Salaries, $9,677.23, and expenses, $6,012.67, of special and general
agents ... N........................................................  18,689
90
Salaries. fees. and all other charges of officers, directors, trustees
and home office employes .........      ................................
 40,149 88
Rents for compOny's occupancy of its own blhildings ...............     4,000
00
Advertising, $275.24; printing and stationery, $3,419.78 ..... .......  3,695
02
Postage, telegrams, telephone and express ......       .................
 4,502 98
Legal expenses .   ......................................................
 996 04