I have the honor to submit to you Part I of the 24th annual report of this bureau, covering the business of fire, and inland navigation, and marine insurance as reported for the year ending December 31, 1893.

At the commencement of the year there were one hundred and thirtyone joint stock companies, including two mutual companies, doing business on the stock plan, authorized to transact business in this State, of which three were organized in Michigan, ninety-five in other states, and thirty-three in foreign countries, having branch offices in this country. During 1893 the following additional companies were authorized to do business in this State:

Columbian Fire, of Louisville, Ky.
Saginaw Valley, of Saginaw, Mich.
State, of Des Moines, Iowa.

General Marine, Dresden, Saxony, Ger.

The following named companies did not renew their license for the year 1894:

Artisans, of Pittsburgh, Pa.

Albany Fire, of Albany, N. Y.
Columbian, of Louisville, Ky.

German Fire, of Peoria, Ill.

Manufacturers and Builders', of New York.

New York Bowery, of New York.

Oakland Home, of Oakland, Cal.

People's Fire, of Manchester, N. H.

State, of Des Moines.

Sun, of San Francisco, Cal.

City of London, of London, Eng.

COMPANIES ADMITTED.

Since January 1 of the present year the following named companies of other states have been authorized to transact business in this State: Firemen's, of Baltimore, Md.

Teutonia, of New Orleans, La.

The total number of companies at this date authorized to transact business is one hundred and twenty-three, as follows:

The total number of mutual fire and tornado insurance companies organized in Michigan and doing business December 31, 1893, is sixtyfive two only being cyclone and tornado companies.

Of this number fifty-two are organized for the insuring of farm property, nine for both farm and city property. These confine their operations to three contiguous counties. The remaining four companies insure other than farm property and do business in the entire State.

During the year the papers of the Farmers' Mutual Insurance company of Schoolcraft, Delta, and Menominee counties, were approved and filed and this company is included in those mentioned above.

Upon application of the Commissioner of Insurance two companies have been placed in the hands of receivers, the Farmers' Mutual of Ogemaw, Arenac, and Iosco counties, and the Farmers' Mutual of Otsego, Crawford, and Roscommon counties. E. M. Harris of West Branch was appointed receiver for the former and John J. Niederer of Grayling for the latter.

The charter of the Farmers' Mutual of Ionia county having expired by limitation, the company was reorganized and charter extended thirty years

BUSINESS IN MICHIGAN IN 1893.

The following tables give the risks written, premiums received, and losses incurred in Michigan by stock fire insurance companies:

Michigan fire and inland business, 1870 to 1893, inclusive.

Table No. II gives a summary of the standing of companies doing business in Michigan.

Table No. III shows the nature and amount of all the admitted assets including special deposits of the stock, fire, fire marine, and marine insurance companies reporting and authorized to transact business in this State. The aggregates are as follows:

Table No. IV gives the nature and amount of the liabilities of the companies. The aggregates are as follows:

Michigan companies

Other state companies..

Foreign companies.

$728,029 87

86,158,185 38

41,178,851 66