'NSURANCE COMPAN
COMPARATIVE INCOME and DISBURSEMENTS, Dee. 21
INCOME— 1929 "928
Net Premiums Written.............................. 12,623,807 oC
Interest & Rents......... emeeoceemenanaeannan 185,646
Reinsurance Treaties oo.
Sale of Ledger ASSetS......ooicooiiai.
dther Income .....
TOTAL INCOME
DISBURSEMENT®-
Total Losses Paid... drain
Seneral Operating Expense...
Dividends to Policy Holders..........
Reinsurance Treaties .............
Dividends to Stockholders............
Jther Disburesments ._...
TOTAL DISBURSEMENTS ieee , 754,764 ,T0L,e LU
Excess Income Nver Disbursements........ $§ 252,432 100,306
TMPARATIVE STATEMENT, As of Dee. 31
1929 1928
165,088 584,473
“32,001 2,956,820
‘0 ‘RE 019,962
"E62
“16
§
5.427
ASSET
Tash ....
Fonds ...
StOCKS ceeenennens
Vlfortgage Loans
Premiums Due
Accrued Interest ....
Vise. Assets LL
TOTAL oe.
LIARILITIES—
['nearned Premium Reserve. ..............
Reserve for Losses... J
Reserve for Commissions & Taxes... ...
Reinsurance Reserve
Policyholders Reserve .
Reserve for Dividends.................c........
Reserve for Contingent Com’s.............
Reserve for Contingencies...
Capital Stock ....
surnlus
oi 4
039.802
65,506
97,955
2,099
2,944
Ig
Off
‘eR BY
TOTAL,
1927
3,201,053
160.737
253,213
0.456
A
bE
«61
1927
306,439
465,698
567,832
~K5
1
14,919
5.609.335
232,354
67,231
£6,318
253 504
3,830
035
+, 000
C298 128
5 609 335
NORTHWESTERN MUTUAL FIRE ASSOCIATION
HOME OFFICE: Central Building, Seattle, Wash.
BRANCH OFFICES: Spokane, Tacoma, Portland, Vancouver, B. C., San Fran-
cisco, Los Angeles, Salt l.ake City, Phoenix, Ariz., Denver. Colo., Hamilton, On-
tario, and many other cities.
HISTORY: Incorporated under laws of Washington April 6, 1901. The late F. J.
Martin organized the company and was its president until his death in 1928,
ouilding it into what is said to be the second largest mutual fire insurance
company in the world.
RUSINESS: All heavy line and special hazard business, such as factory, lumber
and sprinkler risks written exclusively by salaried inspectors. General lines
mercantile, dwelling, farm risks), written through commission agents. Policy-
holders receive annual dividends, approximately 259% of annual premium.
KINDS OF INSURANCE: Company writes fire, tornado, earthquake, sprinkler, use
and occupancy, inland marine, full automobile coverage.
FERRITORY: Company is licensed in all the states of the Union except Nevada
and New Mexico, and all provinces of Canada.
SUBSIDIARIES: Northwest Casualty Co., Seattle; Martin General Agency, Seattle.
Wash.; Pacific Millers Insurance Dept.
OFFICERS: J. H. Edwards, Chairman; Corwin S. Shank, Vice Chair.: M. D. L.
Rhodes, Pres.; H. W. Schnell, Ex. Vice Pres.; B. H. Lewis, Vice Pres.; A. Y. Baker,
Vice Pres.; H. J. Bergren, Asst. Vice Pres.; R. R. Forbes, Asst. Vice Pres.; Alvord
3. Martin, Asst. Vice Pres.; J. J. Beall, Secy.; L. D. Brill, Secy.: W. J. Gould,
Asst. Secy.; G. H. Thompson, Asst. Secy.; L. W. Potter, Asst. Secy.: D. J. Coleman.
Asst. Secy.; S. E. Smith, Treas.; L. C. Downing, Asst. Treas
RENFRAL COUNSEL: Corwin 8S. Shank, Seattle.
Number of Employees: 600 (including affiliated companies).
Net Dividends Net Losses
Premiums to Policyholders Paid
5,253 964
137,926 49,734
40,342 159,436
70,804 264,186
49,317 538.322
18,126 1.369,195
LU73.661 1 995 164
