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Second Annual Report of the Insurance Commissioner of the State of Maryland, to the Comptroller of the Treasury Department, December 1, 1873 (Classic Reprint)

Second Annual Report of the Insurance Commissioner of the State of Maryland, to the Comptroller of the Treasury Department, December 1, 1873 (Classic Reprint)

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Excerpt from Second Annual Report of the Insurance Commissioner of the State of Maryland, to the Comptroller of the Treasury Department, December 1, 1873

Table A. Gives an exhibit of the financial condition of all Fire and Marine Insurance Companies, chartered under the laws of Maryland, and required to report to the Department. The capital of Fire Com panies, as shown December 3lst, 1872, was two million five hundred and four thousand two hundred and two dollars, while that of the Marine Companies was three hundred and thirty-one thousand five hundred dollars. The total assets of the Fire Companies, four mil lion six hundred and sixty-seven thousand five hundred and fifty dollars, and their the reserve fixed by law, one million and thirty-nine thousand six hundred and forty-three dollars, thereby leaving a surplus as regards policy-holders of three million six hundred and twenty-seven thousand nine hundred and seven dol lars, while the surplus as regards stockholders, was seven hundred and sixty-four thousand and seventy-six dollars. The total assets of the Marine Companies were five hundred and fifty-three thousand one hundred and ten dollars; their liabilities, including the legal reserve, thirty thousand six hundred. And fifty-four dollars - thus leaving a surplus as regards policy-holders, of five hundred and twenty-two thousand four hundred and fiftysix dollars, or a surplus over capital stock of one hundred and ninety thousand nine hundred and fifty-si dollars.

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