272                         AMERICAN    INS. CO.
AMERICAN INSURANCE COMPANY
Newark, N. J.
Home Office: NO. 70 PARK PLACE.
[Incorporated Feb. 20, 1S46; commenced business April 1, 18416; admitted
1880.1
President, P. L. HOADLEY.                Vice President, CH.-,S. E. SHELDON.
Secretary and Treasurer, C. W. BAILEY.
CAPITAL STOCK.
Amount of capital paid up in casb ....................',000,000 00
Amount of ledger assets Dec. 31, of previous year .$9,437,395d SO
INC'OME.
Fire and   Marine and
Tornado.     Inland.
Gross premiums .........   .............. $5,581,25;7 76  $44,086 05
Deduct gross amount paid for reinsur-
ance, fire, $797,800.210; marine and in-
land, $920.22; return premiums, fire,
$885,760.87; marine and inland, $6,800-
83 ...................................  1,683,561 07   7,721 05
Total premiums (other than perpetual) $3,897,696 69   $36,365 00 $3,934,061
69
Gross interest on mortgage loans less $33.29 accrued
interest on mortgages acquired during the year .    $83,483 41
Gross interest on bonds and dividends on stocks, less
$3,803.49 accrued interest on bonds acquired dur-
ing the year .281,427 03
Gross interest on deposits in trust companies and
banks ..................................... ........   3,084 103
Gross interest from  all other sources:  Farm  bills
receivable .1,777 26
Gross rents from    company's property, including
$18.151.46 for company's occupancy of its own
buildings ........................................    26,242 05
Total gross interest and reuts ......     ......................  396,014
3&
From  agents' balances previously charged off.24 36
Gross profit on sale or maturity of ledger assets, viz.: Stocks ....  4,W93
13
Total income . ...........    ................................. $4,335, 093
56
Total footings ..        .......................      $13, 771,489 37-
DISBURSEMENTS.
Fire and    Marine and
Tornado.      Inland.
Gross amount paid policyholders for
losses (including $298,10X.88 occurring
in previous years) .......    .....  $2,303,809 53   $5,592 68
Deduct amount received for salvage.
fire.  $15,098.31;  reinsurance., fire,
$415,381.7             43s04............ .........   4,8  .
Net amount paid policyholders
for losses ...,,,... $1,373,329 50          $5,592 68 $1,878,922 18