642


XATIONAL BEN lRANItLIN FIRE 1INS. CO.


NATIONAL BEN FRANKLIN FIRE INSURANCE
COMPANY
Pittsburgh, Pennsylvania.
Home Office, 120-122 OHIO STREET, WEST
[Incorporated December 28, 1910; commenced business January 1, 1911.]
Date of admission into Wisconsin, April 15, 1902.
President, SAMUEL McKNIGHT.
Vice Presidents, CHAS. 11'. STIFEL, JOSEPH      C. PORTER.
Secretary, 11. H. SCHMITT.
CAPITAL STOCK.
Amount of capital paid up in cash .................... $1,000,000 00
Amount of ledger assets December 31 of previous year ............ $3,163,812
00
INCOME.
Fire.
Gross preemiums ............     ......................... $2,182,079 61
Deduct    gross   amount    paid    for   reinsurance,
$282,699.11; return premiums, $373,792.06 ...........  656,491 17
Total premiums (other than perpetual).                        $1,525,588
44
Gross interest on mortgage loans ...............       $149,927 98
Gross interest on collateral loans.                        6,688 07
Gross interest on bonds and dividends on stocks, less
$648.33 accrued interest on bonds acquired during
the year .....          .                                2,055 84
Gross interest on deposits in trust companies and
banks ...............................................     2,226 03
Gross interest from all other sources:
Deposit Philadelphia Underwriters' Assn ..........            9 45
Delinquent accounts .........                                20 04
Trenton Auxiliary Fire Alarm Co .60 00
Gross rents from company's property, including
$6,000.00 for company's occupancy of its own build-
ilgs ...............................................     10,195 17
Total gross interest and rents ................................  171,183
18
Fr'Jomn agents' balances previously charged off ......................  
  263 69
GrOss profit on sale or maturity of ledger assets: Heal estate .....    
1,033 08
Total income .............................................$.  l $1698,06S
39
Total footings .$4,86-1,880 45


DISBURSEMENTS.
Fire.
Gross amount paid policyholders for losses (includ-
ing $122,138.15 occurring in previous years) ........ $807,711 61
Deduct gross amount received for salvage, $2,991.49;
reinsurance, $78,583.15 ........  .....................  81,574 64
Net amount paid policyholders for losses.................
Expenses of adjustment and settlement of losses................
Commissions or brokerage .....................................
Allowances to local agencies for miscellaneous agency expenses...


$726,136 97
19,060 56
459,219 83
22,378 05