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2hC11AMC4S iNS. 0(3.


MECHANICS INSURANCE COMPANY
Philadelphia, Pennsylvania.
Home Office, 500 anld 502 WALNUT STlREET.
[Incorporated April 13, 1954; comimienced business May 4, 1854; admitted
April,
1890.J
President, SIMON J. MARTIN.            Vice President, JOHN    M. CAMPBELL.
Secretary and Treasurer, JOHN A. SNYDER.
CAPITAL STOCK.
Aiounnt of capital paid up in cash ......   ............  $250,000 00
Amount of ledger assets December 31 of previous year ........... $1,380,090
01


INCOME.
Fire.
Gross premiums ............-....................       $533,0o51 47
Deduct gross amount paid for reinsurance, fire,
$70,318.47; return premiums, tire, $75,110.22 .........  145,428 69
Total premiums (other than perpetual) ....................
Deposit premiums written on perpetual risks (gross) ............
Gross interest on mortgage loans ....................   $12,577 52
Gross interest on collateral loans .....   ..............  2,018 50
Gross interest on bonds and divioends on stocks, less
.$499.01 accrued interest on bonds acquired during
thle year ..........                                   39,037 89
G(ross interest on deposits in. trust c ompanies antid
banks ................................................     660 98
G(rsss interest from all other sources:
Philadelphia Fire Underwriters' Association.                 6 30
Gross rents from company's property. including $3,50(0
for company's occupancy of its own buildings ......      4.649 9)


$387,022 78
13,476 80




Total gross interest and rents ................................  58,951 1s
l1'roin other sources: Trans'fers ........285
Fr111n agents' balances previously charged off .34 54
Gross prolit on. sale or maturity of ledger assets: Bonds ...........   
57 50
Total income  .........     .........................................  $460,427
  80
Total footings .$1 8-7,117 St


DISBUIRSEMENTS.
(lGross aimount paid policyholders for losses (includ-
ing $25,015.24 occurring in previous years) ...       $258,899 29
I)ed(iet animount received for salvage, fire, $1,532.57;
reinsuirance, fire, $41.559.95; discount, fire, $479.46 ...  43,571 98
Net mmount paid policyholders for losses....................
Elxpenses of adjustment and settlement of losses...................
Commissions or brokerage.........................................
Allowances to local agencies for miscellaneous agency expenses....
Salaries, $2,146.22, and expenses, $1,525.70, of special and general
ag ents ............................................................
S.alaries, fees and all other charges of officers, directors, trustees
and home office employes .......................................
Rents including $3,500 for company's occupancy of its own build-
ings...............................................................


$215,327 31
4, 644 74
119,35 35
3,225 66
3,671 92
19,587 00
3,500 00