6 257 Northern Assurance Company 2
Report of the Superintendent of Insurance of the Dominion of Canada © 1896
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FIRE AND INLAND MARINE INSURANCE COMPANIES.
259
THE NORTHERNContinued.
INCOME IN CANADA.
Gross cash received for fire premiums
8 217,028 65
Deduct reinsurance, rebate, abatement and return premiums
24,938 56
Net cash for fire premiums
$ 192,090 09
* Interest and dividends on stock and all other sources
12,580 33
Total cash income in Canada
8 204,670 42
EXPENDITURE IN CANADA.
Amount paid during the year for fire losses occurring in previous years (which
losses were estimated in the last statement at 82,405.20)
$
1,941 80
Paid for fire losses occurring during the year
$ 144,666
95
Deduct reinsurances
13,755
62
Net amount paid for said losses
130,911 33
Total net amount paid during the year for fire losses in Canada
$
132,853
13
Commission or brokerage in Canada
29,561
44
Salaries, fees and all other charges of officials in Canada
9,848
99
Taxes in Canada
2,658
54
Miscellaneous
payments,
viz.:Maps
and
plans,
8399.05 ;
postage,
$1,271.88 ; underwriters’ association,
$1,029.18 ;
rents,
$1,546.68
stationery and printing,
$1,377.17
travelling expenses,
$808.02
;
advertising, 8993.47 ; office expenses, 8996.02 ; sundries,
$532.93
;
legal expenses, $10
8,964
40
Total expenditure in Canada
$
183,886
50
RISKS AND PREMIUMS.
Fire Risks in Canada.
No.
Amount.
Premiums
thereon.
Gross polices in force at date of last statement
14,945
$
23,372,049
8 273,953
75
Taken during the yearnew
6,068
10,340,385
120,244
17
do
do
renewed
4,329
7,220,152
94,344
73
Total
25,342
$ 40,932,586
$ 488,542
65
Deduct terminated. . . . terminated
9,289
16,759,416
204,552
10
Gross in force at end of year
16,053
8
24,173,170
$ 283,990
55
Deduct reinsured
1,121,169
13,036
95
Net in force at 31st December, 1896. 16,053
8
23,052,001
$ 270,953
60
Total number of policies in force in Canada at date
16,053
Total net amount in force
$23,052,001 00
Total premiums thereon
270,953 60
* Interest on deposit paid direct to head office, London.
