Thomson's manual of Pacific Northwest finance

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Monograph

Identifikator:: 1838857176

URN:: urn:nbn:de:zbw-retromon-229226

Document type:: Monograph

Title:: Thomson's manual of Pacific Northwest finance

Place of publication:: Seattle

Publisher:: Thomson's Statistical Service

Year of publication:: 1930

Scope:: XXX, 487 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Section III. Insurance companies

Collection:: Economics Books

'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

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