Report of president for year ...

([New York] :  American Surety Company of New York  )

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  1928: Page 4  



COMPARATIVE FINANCIAL STATEMENT
AMERICAN SURETY COMPANY OF NEW YORK

December 31

RESOURCES

1918                    1917                Increase

Real Estate.......... $  8,539,12.4.99 $ 8,639,114.99 $

U. S. Government

Bonds.............       3,107,511.50      4,007,531.81

Other Bonds.........       3,999,865.00      4,411,999.38

Stocks...............       4,445,787.50      1,111,715.00   1,333,071.50

Premiums in Course of

Collection.........       1,106,031.17      1,010,794.11         85,136.96

Cash in Banks and

Offices............       r,173,715.15          856,513.69       317,1x1.46

Reinsurance and other

Accounts E.eceivable            57,659.68          103,110.13
Interests and Rents

Receivable.........            98,467.18          108,135.18 ______________

$13,618,173.17 $11,160,135.60 $1,368,037.67

LIABILITIES

Capital Stock........  $ 5,000,000.00 $ 5,ooo,ocx>.oo $

Surplus and Undivided

Profits.............      6,017,831.11      5,000,595.84    1,017,135.37

Reserve for Unearned

Premiums..........      6,944,386.47     6,661,384.51      183,001.95

Reserve for Contingent

Claims............      3,785,094.04     3,841,803.38

Reserve against Out¬
standing Premiums..          450,000.00         513,616.93
Reserve for Expenses

andTaxes.........      1,110,714.91     1,055,186.13          55.538-79

Voluntary Special

Reserve............          100,000.00                                   100,000.00

Reinsurance and other

Accounts Payable...          110,136.63          187,638.80         11,597.83

$13,618,173.17 $11,160,135.60 $1,368,037.67
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  1928: Page 4