MINNEAPOLIS FIRE & MARINE INS. CO.


I"A


MINNEAPOLIS FIRE AND MARINE INSURANCE
COMPANY
Minneapolis, Minnesota.
Home Office, 726 SECURITY BANK BLDG.
[Incorporated July 1, 1902; commenced business July 2, 1902; admitted October,
President, FRED C. VAN DIJSEN.         Vice President, J. D. McMILLAN.
Secretary, ALFRED STINSON.
CAPITl'Al, STOCK.


Amount of capital paid up in cash .....     .............  $200,00 00
Amount of ledger assets December 31 of previous year ..........
INCOME.
Fire.
Gross premiums ..........                               $112,943 10
Deduct gross amount paid for- reinsurance, fire, $12,
881.38; return premiums, fire, $63,178.70 .............  76,060 08
Total premiums (other than perpetual)).......................
Gross interest on mortgage loans, less $360.99 accrued
interest on mortgages acouired during the year ....    $ 11, 049 00
Gross interest on bonds and dividends on stocks   ...     13,429 72
Gross interest on deposits in trust companies and
banks ..............................................       415 29
Total gross interest and rents................................
From other sources:
Excess of commissions on premiums returned over
commissions on premiums received ....                    $80 91
Commissions received, surplus lines controlled by
stockholders ....................                     40,416 60
Taxes on real estate retnrneA  through redemption
of foreclosed mortgages .......     ..................    97 40


$547,451 71
$36,883 02
24,8S7 10




40, 504 91
Gross profit on sale or maturitv of ledger assets: Bonds ...........    
        175 00
Gross increase, by adjustment, in t1ook valie of ledger assets:
Stocks .    ..........................................................  
   3,375 00
Total income ..........$ -105,915 03
Total footings ..$.........................................     653,366 74


DISBURSEMENTS.
Fire.
Gross amount paid policyholders for losses including
$29,950.53 occurring in Drevious vesrs ............... $ 115,542 51
I)educt amount received for salvage, fire, $677.32; rein-
surance, fire, $18,142 .S,819 32
Net amount paid policyholders for losses .......................
E'xpenses of adjustment and settlemni-t of losses................
Salaries, $7,659.97, and expenses, $110,259.79, of special and general
agents ...               !.......
Salaries. fees. and all other charges of officers, directors, trustees
and home office employes ........................................


$96,723 1t
2,011 25
17,919 76
17,193 18