Cash premiums from other companies for re-insuring their risks, for interest and dividends on bonds and stock owned by the Company, 97,673 66 113,822 29 7,165 466 41,781 83 228,171 20 14,194 50 for interest on premium notes or loans, 58,949 55 for interest on other debts due the Company, 170,769 94 1,999 42 for rent of Company's property, under sub-lease or otherwise, Discount on claims paid in advance, 2,026 11 926 90 Cash from other companies, on account of losses or claims on Cash paid for the Company's own losses, policy claims and additions thereto, viz. :-Death losses, Used as aforesaid in notes or other premium obligations, $227,265 10 10,377 40 Used as aforesaid in notes or other premium obligations, To annuitants, $237,642 50 $825,099 26 $69,248 34 .1 See Detailed Statements, ante, pages 10 to 18. 2 Cash, $849,873.59; notes or obligations, $305,058.81. 3 Cash received on new premiums, $222.016.11; on renewal premiums, $1,587,132.55; notes taken on new and renewal premiums, $906,053.43. • Cash received on new premiums, $49,169.31; on renewal premiums, $146,565.25; notes taken on new and renewal premiums, $27,197.08. 5 Extra risk. • On mortgages of real estate. Amounts brought forward, On account of purchased or surrendered policies, Used as aforesaid in notes or other premium obligations, 20,879 83 60,884 17 For dividends to policy-holders, 47,522 72 215,830 06 Used as aforesaid in notes or other premium obligations, 104,493 65 264,239 85 Notes and other premium obligations voided by lapse of policies, 65,033 42 496,724 98 Total disbursements on policy account, $569,288 97 $2,105,707 58 $137,066 62 Cash paid for dividends to stockholders,: $7,407 79 commissions and all other charges on renewal premiums, salaries and pay of officers and employés not before included, 1,740 00 for furniture, safes and fixtures for home or agency offices, all other expenses, 12,318 671 24,344 363 4,460 886 rents, advanced to offices or agents, payable from salaries or future 6,803 25 2,976 11 3,800 10 33,275,565 00 Policies (old and new) terminated by death during the year, Amount insured thereby, 121 67,815,733 00 272 6,976,260 00 31 $304,100 00 $875,315 00 Policies issued during the year and terminated by death, $63,400 00 1 5 2 $5,000 00 $15,000 00 $6,000 00 Insurance in force on lives of citizens of Massachusetts, 56,700 00 Matured endowments paid to citizens of Massachusetts in 1871, Profits or surplus actually set apart for distribution, 166,078 20 460,000 00 85,145 15 Rate of interest or dividends declared to stockholders, including percentage of profits, Maximum rate of interest or dividends authorized on guarantee GENERAL ITEMS. capital, Further percentage of surplus or profits authorized to stock holders, Highest rate of interest received, Average rate received, 1 U. S. taxes and stamps, $1,242.53; State and local taxes, $1,622.15; licenses and fees, $9,453.99. 3 U. S. and State tax and revenue stamps. * Including notes for war risks given up. 4 Advertising, $13,109.68; printing and incidental expenses, $53,839.51. 6 U. S. taxes and stamps, $475.82; State and local taxes, $3,546.82; licenses and fees in other States, $438.24. 7 Office and incidental expenses. AGGREGATE. CAPITAL STOCK. Whole amount of joint-stock or guarantee capital,. ASSETS. Gross present cash assets,. unrealized assets, Total, LIABILITIES. Gross amount of losses and claims on policies, other liabilities, Total, INCOME. $625,500 00 625,500 00 $18,635,226 63 1,930,590 47 $20,565,817 10 $312,253 00 17,539,315 94 $17,851,568 94 Cash received for new and renewal premiums (exclusive of interest),' $3,945,267 63 Premium notes and other securities received as aforesaid (exclusive of interest),' 1,390,511 60 7,561 70 Cash received for sale of annuities,. for all other premiums (exclusive of interest), Cash premiums from other companies for re-insuring their risks, for interest and dividends on bonds and stock owned by the Company, 403,019 78 for interest on premium notes or loans, 263,203 62 for interest on other debts due the Company, 53,790 56 for rent of Company's property, under sub-lease or otherwise, 49,664 06 Discount on claims paid in advance, 1,966 93 Cash from other companies, on account of losses or claims on re-insurance policies, 10,000 00 Cash income from all other sources, Total Income rec'd as aforesaid during the year, $6,467,222 40 1 All the companies not having reported these items separately, it is impossible to give such classification in the aggregates. AGGREGATE Concluded. EXPENDITURES. Cash paid for the Company's own losses, policy claims Used as aforesaid in notes or other premium obligations, Used as aforesaid in notes or other premium obligations, On account of purchased or surrendered policies,. Used as aforesaid in notes or other premium obligations, Total disbursements on policy account, Cash paid for dividends to stockholders, premiums (less rebate or commissions) for re-ins'nce, commissions and all other charges on renewal pre $1,371,498 33 50,878 60 38,500 00 139 52 2,982 00 391,963 16 87,369 64 407,694 57 431,119 51 640,046 43 $3,422,191 76 68,825 88 13,892 58 miums, 541,179 02 salaries and travelling expenses of managers and agents, medical examinations, 31,926 86 salaries and pay of officers and employés not before advance to offices or agents, payable from salaries 2,491 98 for furniture, safes and fixtures for home or agency 1,707 44 all other expenses, 162,326 90 GENERAL ITEMS. Total Expenditures during the year, Whole amount insured by existing policies, Whole amount reinsured,. Net amount insured by existing policies,. Policies (old and new) terminated by d'th during the year, Policies issued during the war and terminated by death, Amount insured thereby, . Insurance in force on lives of citizens of Massachusetts, Death losses paid in Massachusetts in 1871, .. in 1871, . Profits or surplus actually set apart for distribution, Matured endowments paid to citizens of Massachusetts to stockholders, . 771,223 35 761,223 35 1 All the companies not having reported these items separately, it is impossible to give such classification in the aggregates. * Reported by the "Berkshire," the other companies having failed to render this item. 3 Paid by the Berkshire and Massachusetts Mutual. |