392                 DETROIT FIRE & MARINE INS. CO.
DETROIT FIRE AND MARINE INSURANCE COMPANY
Detroit, Michigan.
Home Office, 95 SHELBY STREET.
[Incorporated February 1, 1866; commenced business March, 14, 1866; admitted
April 16, 1868.]
President, E. H. BUTLER.                      Vice President, C. L. ANDREWS.
Secretary, A. H. McDONELL.
CAPITAL STOCK.
Amount of capital paid up in cash ....................  $500,000 00
Amount of ledger assets Dec. 31 of previous year      .       ..... $2,113,582
4-3
INCOME.
Marine
Fiire.    and inland.
Gross premiums ......                     $910,135 92   $23,385 47
J)educt gross amount paid for reinsur-
anee, fire, $i34,236.36; marine  and
inland, $6,871.61; return  premiums,
fire, $134,307.51; marine and inland,
$33.65 .................................  268,543 87    6,905 26
Total premiums (other than per-
petual) .........   ...............  $641592 05  $16,480 21
$658,072 26
Gross interest on mortgage loans, less $55 accrued in-
terest on mortgages acquired during the year .        $45,003 SS
Gross interest on collateral loans .1,386 60
Gross interest on bonds and dividends on stoclks, less
$380.82 accrued interest on bonds acquired during
the year .43,180 39
Gross interest on deposits in trust companies and
banks .1,528 25
Interest on land contracts .6,503 66
Gross rents from company's property, including $535
for company's occupancy of its own buildings              805 00
Total gross interest and rents .       ............             98,407 78
Gross profit on sale or maturity of ledger assets:
Real estate ..............                               $200 20
Bonds ...                                                 60 00
260 20
Total income ...........   ;    .  .......................... $756,740 24
Total footings                    .$2,870,322 67
DISBURSEMENTS.
Marine
Fire.     and inland.
Gross amount paid policyholders for
losses (including $42,640.46 occurring
in previous years) .......  ............  $403,950 87  $8,386 92
Deduct amount received    for salvage,
fire, $3,587.45; marine  and  inland,
$2,337.31; reinsurance, fire, $65,398.80;
marine and inland, $1,530.78; discount,
fire, $431.80 ............ ..............  69,418 05    3,868 09
Net amount paid policyholders for
losses ............ .............. $334,5532 82  $4,518 83
$339,051 65