LAW UNION AND ROCK INS. CO.                             933
LAW UNION AND ROCK INSURANCE COMPANY
London, England.
U. S. Branch Office, 175 W. JACKSON BOULEVARD, CHICAGO, ILL.
[Incorporated 1806; commenced business in U. S. in 1897; admitted November,
1897.1
U. S. Manager, A. F. SHAW.
CAPITAL STOCK.
Statutory deposit .$338,000 00
Amount of ledger assets December 31 of previous year .............      $928,407
57
INCOME:
Fire.
Gross premiums .      ......................................  $750,825 73
Deduct gross amount paid for reinsurance, $58,333.73;
return premiums, $181,088.81 .......................     239,422 54
Total premiums (other than perpetual) .$511,403 19
Gross interest on bonds and dividends on stocks....        $29,688 00
Gross interest on deposits in trust companies and
banks ...                                                    554 28
Total gross interest and rents ...............................      30,249
28
From. other sources: Remittance from home office .................      
107,250 00
From agents' balances previously charged off .....................      
.    1 6 78
Total income .............      .....................................  $648.912
25
Total footings .........       ................................ $1,577,319
82
DISBURSEMENTS.
Fire.
Gross aniount paid policyholders for losses (includ-
ing $50,127.59 occurring in previous years) ........    $ 9339,179 07
Deduct amount received for salvage, $1,550.58; rein -
surance, $33,751.01 ...............                       35,301 59
Net amount paid policyholders for losses ......................   $303.877
48
Expenses of adjustment and settlement of losses ...................     
  8.,365r) 50
Commissions or brokerage .........          .............................
 97,305 29
Allowances to local agencies for miseellaneous agency expenses...       
    167 49
Salaries, $8,800.00, and expenses, $10,475.65, of spocial and general
agents .................................                                19.2975
65
Salaries, fees and all other charges of officers, (directors, trustees
and home office employes ........................................       
305,8 07 QS
Rents ....................5.4.....5.............. I ................    
   , 245 4 3
Advertising. $691.30; printing and stationery, $6,811.21 .............. 
  7,502 5 1
Postage, telegrams, telephone and express. .5,101 3.5
Legal expenses ...............      .....................................
    58 00
Furniture and fixtures ..........       ..................................
 1.407 3 7
Maps, including corrections.2,4..2.....    :                            
         0... ..  2,459 20
TUnderwriters' boards and tariff associations .......................   
  5... 893 86
Fire department, fire patrol and salvage corps assessments, fees,
taxes and expenses ...........       ...................................
  2,240 9o
Inspeetions and surveys ..........        ................................
  9 149 53a
State taxes on premiums ...........................................     
 11,041- )25
Insurance department licenses and fees ............................     
  4,457 56
All other licenses, fees and taxes: Federal corporation tax ........    
    413 84