ROYAL EXCHANGE ASSURANCE CO.                            1013
ROYAL EXCHANGE ASSURANCE COMPANY
London, England.
U. S. Office, 92 WILLIAM STREET., NEW YORK CITY.
{Incorporated June 22, 1720; commenced business in U. S. 1891; admitted Dec.
11, 1896.]
United States Manager, R. D. HARVEY.
CAPITAL STOCK.
Statutory deposit          .....................         $200,000 00
Amount of ledger assets Dec. 31 of previous year     .    .$2,685,328 54
INCOME.
Marine
Fire.        and inland.
,Gross premiums..................... $2,531,311 59       $709,SS 19
Deduct gross amount paid for rein-
surance, fire, $511,803.19; marine and
inland,  $248,630.98;  return   pre-
miums, fire, $488,819.44; marine and
inland, $75,284.21 .1,000,623 23                        323,915 19
Total premiums (other than per-
petual)  ........................ $1,530,688 36  $385,972 00
$1,916,660 36
-Gross interest on bonds and dividends on stocks .        $90,353 50
Gross interest on deposits in trust companies and
banks .663 30
Total gross interest and rents       .         .................   91,016
80
From other sources:
Received from home office ..................    ....   $150,040 )0
Conscience money received on account of head office         448 31
150,452 31
From agents' balances previously charged off .......................    
   103 54
Total income ..............    .................................... $2,158,233
01
Total footings ......................................... $4,843,561 55
DISBURSEMENTS.
. Marine
Fire.        and inland.
Gross amount paid policyholders for
losses (including $141,735.70 occur-
ring in previous years .$....... $1,077,866 50         $233,330 62
Deduct amount received for salvage,
fire, $9,420.41; marine and, inland.
$5,193.44; reinsurance, fire, $260,-
617.32; marine and' inland-; $104,-       -
796.87; discount, fire, $879.36 .        270,917 09     109,990 31.
Net amount paid policyholders
for losses          .$806,949 41                 $123,340 31
$930, 289! 7 2
Expenses of adjustment and settlement of losses .....................   
20,875, 01
Commissions or brokerage       ......................................   415,269
31
Allowances to local agencies for miscellaneous agency expenses.....     
 5,299 84