Salt Lake Tribune | 1902-01-01 | Page 64 | Home's Fine Showing

HOMES FINE SHOWING THE YEAR 1901 WAS A RECORD j BREAKER IN INSURANCE S Gross Premiums of the Local Insurance Insur-ance Company Will Pass the S75 000 Ilaik S The year 1001 which has broken so many records In the Utah business world has also been a recordbreaker for Utahs local Insurance company the Home Fire At the office of the company It was stated that the gross premiums written for the year would amount to more than 575000 the largest In the history of the company and avery a-very handsome total considering that the entire premiums the State written writ-ten by the seventyfive or more companies com-panies operating here will not be more than 350000 or 100000 S The amount of fire losses for I Utah vlll be abnormally high for 1901 owing Lo the several severe conflagrations which have visited us but the Homes loss ratio will be far below the average aver-age as Its risks are so restricted and are limited to the best localities The Home companys financial report for the year 1001 which will be filed with the Secretary of State under the law wIll make a gratifying showing Its assets have all Increased In value since the last statement and all are placed at figures far below the marked quo tations The Homes assets arc all Invested In the best line of local stocks It owns 820 shares of Z C M I stock worth on the market today 115000 It Is also one of the main owners In such other solid Institutions the Deseret Na lonal bank the Coop Wagon and Machine company Deseret Savings bank State Bank of Utah Thatcher Bros Banking company Utah Sugar company Ogden Sugar company oregon Ore-gon Lumber company etc It besides owns the ground on which Its home office Is located at No 20 Main street and always carries a large amount of Qash In the bank and with its agents Its liabilities consist only of Its I capital of 230000 its undivided profits and Its reserve held for relnsuTance It has Ing no floating Indebtedness or other liability of any sort The officers apd dIrectors of the Home Fire are as fol lows Heber J Grant president George Romnoy vicepresident II G Whit ney secretary John Stnngham assistant as-sistant secretary L S Hills treasurer Thomas G Webber John R Barnes Charles S Burton Elias A Smith David Da-vid Eccles Henry Dlmoodcy P T Farnsworth Joseph F Smith Francis jM Lyman John C Cutler John Henry Smith