I


LUMBERMENS INS. CO.                   -        587
LUMVBERMENS INSURANCE COMPANY
Philadelphia, Penn'sylvania.
H-ome Office, 427 WALNUT STREET.
[Incorporated June 2, 1873; commenced business December 11, 1873.]
Date of admission into Wisconsin, 1899.
President, LEWIS DAVIS.                    Vice President, OLIVER II1. HILL.
Secretary, OLIVER H. HILL.
CAPITAL STOCK.
Amount of capital paid up in cash............         $250,000 00
Amount of ledger assets December 31 of previous year........$1,790, 426 70
INCOME.
Fire.
Gross premiums ...................                    $365,052 49
Deduct gross amount paid for reinsurance, $62,495.32;
return premiums, $61,906.24..............            124,401 56
Total premiums (other 'than perpetual).    ...........       $240,650 93
Deposit premiums writteim on perpetual risks (gro'ss) . .........    3,645
60
Gross interest on mortgage loans, less $64.1-7 accrued
interest on mortgages acquired durimig the ya....    $7,504 57
Gross interest on collateral loans ...........            250 00
Gross interest on bonds and dividends on stocks, less
$1,190.40 accrued interest on bonds acquired during
the year .....O..7,226 30
Gross interest on d~e'p osits. in trus companies and
banks........................                           746 66
Gross rents from company's property, including'
$1,200.90 for company's occupancy of its own build-
ings.........................                          5,348 52
Total gross interest and rents....... .         .     .        84, 076 0.5
From other sources: Transfer of perpetual p-olic'ies .. ..              90
50
Gross profit on sale or maturity of ledger assets: Bonds ......       166
50
Total income...........I...............                      $328,629 58
Total footings......................$1,119,056 28
DISBURSEMENTS.
Fire.
Gross amount paid policyholders for losses (includ-
ing $25,013.12 occurring in previous years)..$169,751 33
Ded~uct gross amount received for salvage, $8706.63-;
reinsurance, $34,289.26; discount, $326.49........    35,486 38
Net amount paid policyholders for losses ...........         $134,264 95
Expenses of adjustment and settlement of losses...........           1,045
31.
Commissions or brokerage .....................                      60,431
99
Allowances to local agencies for miscellaneous a-igency expenses ..   500
00
Salaries, $6,788.54, and expenses, $2,540.25, of special and general
agents.............9.328 79
Salaiesfeesandall other chargres of ofcrs, directors, trustees
and home office employes .2..!90,035 00
HReats for company's occupancy ofits own buildings.........          1,200
00
Advertising, $308.75; printing and stationery, $2,144.29........     2,453
04
Postage, telegrams, telephone and express..............              1,837
63
~Legal expenses ...........................                            162
71