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INCOME.

(As shown by the books at the Home Office at the close of business December 31.)

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$70,527 80

$701,993 50

Totals...

$489, 034 01

Total net cash actually received for premiums.
Interest on mortgage loans.

$4,823 56
Interest on collateral loans.

2,876 76
Interest on bonds and dividends on stocks

55, 922 97
Interest from all other sources

2,038 92
Total interest and rents...
Profit on sale or maturity of ledger assets viz.: Stocks and bonds.
From all other sources: Trust department,$5,791.63; bonded attorneys account, $1,389.78; profit and loss items, $33 61; exchange, $413.96;
Increase in Surplus fund.

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Total income.

$2,183, 215 02

Sum of both amounts.

DISBURSEMENTS.
(As shown by the books at the home office at close of business December 31.)

Surety.
Gross amount paid for losses...

$111,705 82 Deduct salvage and reinsurance.

33,121 79 Net ount paid policy-holders for losses...

$78,584 03 Investigation and adjustment of claims, including legal and other expenses in de

fense of suits against policy-holders, viz.: Surety....

11, 255 37 Commissions, or brokerage, less amount received on retutn premiums and reinsurance

for the following classes: Surety.

147,079 99 Stockholders for interest or dividends, amount declared during the year..

46,835 00 Salaries, fees and all other compensation of officers and home office employees.

28,174 59 Salaries, traveling and all other expenses of agents not paid by commissions.

2,746 88 Taxes on real estate....

779 56 All other taxes, licenses and insurance department fees.

13,633 01 Advertising..

2.934 46 Printing and stationery,

9,553 90 Postage and express..

9,074 00 Furniture and fixtures.

100 10 Loss on sale or maturity of ledger assets, viz.: General expense account, surety department...

53,843 93 General expense account, other department.

43, 282 93 All other disbursements, viz. : Furniture and fixtures to profit and loss.

20,347 07 Real estate to profit and loss...

1.868 13 Total disbursements..

$470,092 95 Balance......

$1,713, 122 07 Decrease in collateral deposits..

$13,632 79 Due to banks, paid...

127,958 15

141,590 94

$1,571,531 13

LEDGER ASSETS. (As shown by the books at the home office at close of business December 31.) Book value of real estate, unincumbered....

$90,000 00 Mortgage loans on real estate, first liens.

134,360 65 Loans secured by pledge of bonds, stocks or other collaterals.

80, 600 00 Book value of bonds, excluding interest ..

1,144, 254 58 Cash in company's office, $4,358.03; deposited in bank, $84,657.00.. 89,015 03 Bills receivable...

7,381 74 Receiver's certificate..

25,919 13 Ledger assets as per balance..

$1,571, 531 13

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Surety.
$139,427 75

Gross premiums in course of collection, viz.:
On policies or renewals issued subsequent to October 1, 1905....

Totals........
Other non-ledger assets, viz.: Bills receivable..

139, 427 75

1,235 48

Gross assets...

$1,729,822 78

DEDUCT ASSETS NOT ADMITTED.
Bills receivable.
Book value of ledger assets over market value, viz.: Estimated

loss--Receiver's certificate.

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$105,586 03

300,550 77

LIABILITIES.

Surety.
Losses and claims:
Adjusted...

S675 63
In process of adjustment.

2,143 31 Reported, proofs not received

77,431 76 Resisted....

25, 332 33 Total unpaid claims.. Gross premiums, less reinsurance, upon all unexpired risks running

one year or less from date of policy, $598,707.28; unearned premiums, 50 per cent.

$299,353 64 Gross premiums, less reinsurance, upon all unexpired risks running

more than one year from date of policy, $2,394.25; unearned premiums, pro rata...

1,197 13
Total unearned premiums as shown by recapitulation.
Commissions, brokerage and other charges due or to become due to agents or brokers

on policies issued subsequent to October 1, 1905, víz,:
Surety.
Reinsurance
Other liabilities, viz.: Suspense acco
Reserve for payment of taxes..
Collateral deposit...

Total amount of all liabilities, except capital...
Capital actually paid up in cash..

$791,100 00 Surplus over all liabilities....

311.968 22 Surplus as regards policy-holders.

Total liabilities.......

40,089 77 5,795 19

67 66 6, 750 00 148, 930 27

$607, 769 69

1,103,068 22

$1,710,837 91

EXHIBIT OF PREMIUMS.

Surety. $345,898 58 629, 702 32

$975, 600 90

Premiums in force December 31 of previous year as shown by last year's statement..
Written or renewed during the year..

Totals
Deduct expirations and cancellations..

In force at the end of the year...
Deduct amount reinsured..

Net premiums in force..

358,884 02

$616, 716 88

18, 009 60 8598,707 28

Title. $782 37 1,763 38

Premiums in force December 31 of previous year as shown by last year's statement..
Written or renewed during the year..

Totals.....
Deduct expirations and cancellations..

Net premiums in force.

$2,545 75

151 50

$2,394 25

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GENERAL INTERROGATORIES.
Gross premiums, less reinsurance and return premiums, received from organization

of company..
Total losses, less reinsurance, paid from organization of company.
Total dividends declared from organization of company, viz.: cash
Total amount of the company's stock owned by the directors at par value
Loaned to stockholders not officers...

$1,007, 611 38

155,051 76

92,525 00 355, 600 00 47,500 00

$64, 952 57 31.454 12

$33,498 45

Estimated liability on unpaid losses and claims, December 31, 1904, per last annual

statement.
Decrease in above estimates during the year....

Total.....
Losses and claims, less reinsurance, incurred during the year, viż.:
Surety..

Total....
Deduct losses and claims paid during the year, viz:
Losses and claims of 1905, $67,873.41; losses and claims of previous years, $10,710.62

Losses and claims unpaid December 31, 1905...

150, 671 61

$184, 170 06

78,584 03

$105,586 03

Give the largest amount insured in any one risk in each of the following classes: Surety, $500,000.00; title, $90,000.00.

Gross premiums

in course of Amount of same collection Dec. 31, collected during

previous year. Surety.

$70,313 80 $70,313 80 Title..

214 00

214 00 Totals..

$70,527 80 $70,527 80

the year.

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(Incorporated June 17, 1863; commenced business April 1, 1864.)

Home office, 56 Prospect street, Hartford. S. C. DUNHAM, President.

JOHN E. MORRIS, Secretary. Attorney for Michigan, James W. Thompson, of Detroit.

CAPITAL STOCK.
Amount of capital paid up in cash....

$1,000,000 00

INCOME.

(As shown by the books at the home office at the close of business December 31.)

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DISBURSEMENTS.
(As shown by the books at the home office at close of business December 31.)

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498, 290 27

Investigation and adjustment of claims, including legal and other expenses in de

fense of suits against policy-holders, viz.:
Accident, $18,396.74; health, $45.00; liability, $479,848.53..
Commissions or brokerage. less amount received on return premiums and reinsurance

for the following classes:
Accident. $850,937.29; health, $67,425.24; liability, $764,309.19.
Stockholders for interest or dividends.....
Salaries, fees and all other compensation of officers and home office employees.
Salaries, traveling and all other expenses of agents not paid by commissions.
Medical examiner's fees and salaries.
Inspections, other than medical.
Rents, including $15,000.00 for company's own occupancy
Taxes on capital stock..
All other taxes, licenses and insurance department fees
Legal expenses..
Advertising..
Printing and stationery.
Postage and express.
Furniture and fixtures,
Miscellaneous items.
Profit and loss.....

Total disbursements..

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1,682,671 72

250, 000 00 215,803 15 378,685 75 27,525 15 56, 626 29 77,816 80 58,918 04 116, 160 76 19,8.58 84 52,783 24 60,515 24 42,649 27 42,876 18 44, 290 89 21,604 53

$5,892,562 81

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