Report online

LIABILITIES.

Cross loflses adjusted and unpaid (due. $20,-

168.63 ; net yet due. $L»2,725.i>l ) $42,894 54

Gross claims for losse? in process of adjustment
or in suspense, phis $19.f»78.40 : reserve for
losses incurred prior to Deeeml>er 31 of which
no notice had been received on tnnt date .... 101,0.39 2ft

Grdss claims for losses resi.«'ted 14,259 00



Total $159,092 80

Deduct relnsuranee due cr nccnied 7,968 71



Net amount of unpaid losses and claimg $151 .124 09

Unearned premium.s, per recapitulation 2,129,9.37 54

Salaries, rents, expounes, bills, accounts, fees, etc., due or accrued 7,814 44
Estimated amount liereafter paynble for federal, state and other

taxes based upon business of the year of this statement 38.000 00



Total amount of all liabilities exevpt capital $2,326,876 07

Capital actually paid up in cash $500,000 00

Surplus over all linbilitles 1 .475, 701 72



Surplus as regards policyholders 1 .075,701 72

Total liabilities $4. .302, 577 70



RISKS AND PREMIUMS.

Gross
Fire premiums

risks. thereon.

In force on the 31st day of December, 1912 $435,417,000 $4,256,156 00

Written or renewed during the year 276,400,300 2,709,688 44

Excess of original premiums over amount recelve<l
for reinsurance 1,193 04

ToUl $711,907,900 $6,967,037 48

Deduct those expired and marked off as termiuated 242,736,300 2,479.851 48

In force at the end of the year $469,171,600 $4,487,186 00

Deduct amount reinsured 39.118,600 363,689 00

Net amount In force $430,^13.000 $4,123,497 00



Digitized by



GoogI(



264



AGRICULTlhlAL INS. CO.



RECAPITULATION OP FIRE RISKS AND PREMIUMS.



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.



Gross risks, written

Less $372,700 risks cancelled, and
$27,200 reinsurance In companies au-|
tborlsed in Wisconsin ...|



Net risks written



1=



Gross premiums on risks written ...I'

Less $3,819.41 return premiums; and)

$398.73 premiums for reinsurance in I

companies authorized in Wisconsin)



Net premiums received . . .
Losses paid (deductingr salvage)
Losses incurred



I-



Pire.



$2,921,400
366,300



$2,509,100)



Tornado.



I



$32,876 89
. 4.033 14



.1 $28,843 75



$3,415 32



$376,000
43.6001



$187



Tol=



Total.



$3,297,400
399.900



$332.4001 $2,897,500



$1,555 00{ $34,431 89

186 001 4.218 14

$1,370 Ool $30,213 75



$3,603 03



$4,841 031



$187 701



$5,028 73



Digitized by



GoogI(



AGRICULTURAL INS. CO.



265



UNDDRWRITINO AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.
Total premiums



Add unearned premiums Dec. 81,
of preTlous year



1

I

11,700.810 281.
2.076.675 931 .



13,777,486 16|.



ToUl

Deduct unearned premiums Dec 31,1
end of the year I 2,129;937 541.



.1.



Premiums earned duriuir the year . . .

UNDER WRITTNO PROFIT AND
LOSS ITEMS.

Oa<n from agents' balances prerlously
cbar^red off

LoKA from agents' balances cbarsred
off



$43 691.

660 601.

-I



I
.1 11.647.548 021.

1 \

1 '

I



LoKs from above

Airents' balances and bills '

recelTsble not admitted I

Dec 31.1912 16,667 27'

Afrent«* balances and bills I

receivable not admitted t

Dec. 31, end of the year 6.083 791



1586 911.



Gain from above



Gain from underwrftlnflr profit and
loss items



633 48






96 57



UnderwritiniT income earned during
the year



LOSSES.



Ix>ff8es paid \.

Deduct salrage and reinsurance re
coverable Dec. 31, end of the year. .

Balance

Add salvage and reinsurance recover-!
able Dec. 81 of previous year I



Totol

Deduct unpaid losses Dec. 31 of pre-l
Tious year



I

I

!

1817,149 481.

4,970 041.
-I



♦1,647,645 19



1812,179 441.
2.994 3ol.



-!
1816,173 74'.

167.997 19!.



Balance I 1647.176 551

Add unpaid losses Dec. 31. end of thel ]
year ) 151.124 09

Losses incurred during the year — I ' $798,300 64



UNDERWRITING EXPENSES.



Underwriting expenses paid during! I

the year -.I $721.438 21.

Deduct underwriting expenses unpaid! I

Dec. 31 of previous year I 41.3.'l4 Oil.

Balance f "$680,104 20!.

Add underwriting expenses unpaid!

Dec 31. end of the year I 45.814 44.'.



I-

Underwriting expenseii Incurred dur-i
ing the year '.



I
.1 725.918 64



Underwriting losses and expenses ..I

Gain from underwriting during the'
year '



|=^=r



1.524.219 28



$128. 42A 9t

uiyiLizeu uy -v^j xJvy St Iv^



266 AGRICULTURAL INS. CO.

UNDERWRITING AND INVESTMENT EXHIBIT— Continued.

INVESTMENT EXHIBIT . | |

i I I

Interest and Rents. I I I

I I . I'

Interest, dividends and rents received I I I

during the year 1 $193,281551 1...



Deduct Interest, dividends and rents] I |

due* and accrued Dec. 31, end of I I

the year | 43,890 451 |.

I 1 I

Balance I $149,591 10' I.

Add interest, dividends and rents) I I

due and accrued Dec. 31. end of| | |

the year | 42.687 701 |.



-I I

Total I ' $192,278 801.

! I !

I I I

PROFIT ON INVESTMENTS. ! | I

I I I

Gain from sale of ledger assets ) $2, 279 02! I .

Gain from increase in book value of I I I

ledger assets | 3,876 65| !.

I 1 I

Profit on investments during the| I I

year ! I 6,155 67f.



Investment income earned during the! I I

year I ' I $198,434 47

I I I

LOSS ON INVESTMENTS. | I I

' I '
Loss f rpm sale of ledger assets I $8, 797 44| I ,

Loss from decrease In book value of I I !

ledger 'assets I 516 76' I

Loss from change In difference be- 1 I I

fween book and market value dur-l I I

Ing the year I 147.237 40' !

I f '

Loss on investments during the yearl I $156, 551 60'

I I I

I r I

INVESTMENT EXPENSES. I I I

' ) '

Investment expenses paid during thel 1 I

year I l 8.558 631



I-



Inves^menl losses and expenses dur-I

Ing the year ' ' I 165.110 2a

I I I

Gain from Investments during thel I I

year I^^^ ; I $S8.8«4 t4

^ .^ ^

MISCELLANEOUS EXHIBIT. I I I

I I Gain In ( Loss In
I t Surplus. I Surplus.
Dividends declared to stockholders! I I

during the year I ' j $75.000 00

Total gains and losses In surplus! | I

during the year | f $156.780 15 $76. MO 00

Surplus Dec. 31. 1912 ' $1,303 9M .n7' '

Surplus Dec. 31. 1913 1 1,475,701 72! •

1 ! I

Increase In surplus during the year! ( I 81.750 15



Totals * I $106,760 1ft! $166,780 15



Per cent of losses Incurred to premiums eorned 48.45.
Per cent of underwriting expenses incurred to premiums earne<l 44.05.
Per cent of investment expenses incurred to Interest and ren»8 earned 4.45.
Per cent of to^al lo««es and expenses Incurred and dividends declared ^o
total income earned 95.57.



Digitized by



GoogI(



ALLEMANNIA FIRE INS. CO. 267



ALLEMANNIA FIRE INSUBANCE COMPANY,

Pittsburgh, Pa.

[ lucorpornted April 1, 1868. Coiumeuced bUHiuess July 1, 1868.]

Home Offlco. 310 FOURTH AVENUE.

Date of admission Into Wisconsin, October 7, 1873.

President. W. STEINMBYER. Secretary, C. P. KBLLERMAN.

Treasurer, CHAS. F. WELLS.

CAPITAL STOCK.

Amount of capital paid up in cash $200,000 00

Amount of ledsrer assets Dec. 31 of previous year $1,088,188 07



INCOME.

Fire.

Gross premiums $1,227,949 60

Deduct reinsurance premiums. Are, $206,507.00; re-
turn premiums. Are, $204,122.62 410.629 67

Total premiums (other tban perpetual) $817,319 93

Gross intere<»t on mort?ai?e loans, less $94.50 ac-
crued interest on mortsrages acquired difriufr the
year $53,093 34

Gross Interest on collateral loans 1 , 111 57

Gross Int^^'-AQt on bonds and dividends on stocks,
less $1,39^.89 .accrued Interest on bonds acquired
during the year 23.810 02

Gross interest on deposits in trust companies and
banks 2,291 62

GroM interest from all other sources: Bills receiv-
able 173 43

Gross rents from company's property 8,182 50

Total gross interest and rents 88,062 48

ToUl income ^. $906,982 41

Total footings $2,591,170 48



DISBURSEMENTS.

Gross amount pnld policyholders for losses (in-
cluding $18.8.32 70 occnrrUig In previous years) $5(M,520 88

De'in*** amount received for reinsurance. Are.
«»197.'S3; salvage. Are, $91,656.72; discount. Are,
$378.21 96,232 46

Net amount paid policyholders for losses $408,288 4*»

Rxnenses of adju<«tnient and settlement of losses 9.575 56

Coramfsslons or brokerage 227,830 20

Salaries, $8,500. and expenses, $10,215.97, of special and general

agents 18.715 97

Salaries. fee««. «nd nil ot»»er charges of oAlcers, directors, trus-
tees and home office employes 48,087 44



Digitized by



GoogI(



268



ALLEMANKIA FIRE INS. CO.



Bentt 7.129 51

AdverUsing. |S,688.82; printing and stationery, $6,041.57 10.080 38

Postage, telegrams, telephone and express 8,106 10

Legal expenses 777 28

Furniture and fixtures * 611 94

Maps, including corrections 2,925 47

Underwriters' boards and tariff associations 10,768 17

Fire department, fire patrol and salvage corps assessments, fees.

taxes and expenses 7,775 31

Inspections and surveys 445 92

Repairs and expenses (other than taxes) on real estate 2,113 10

Taxes on real estate 1,515 43

State taxes on premiums 8.895 06

Insurance department licenses and fees 5.157 25

All other licenses, fees and taxes:

Federal corporation tax $1,147 38

Pennsylvania franchise tax 1,500 00

2.647 38
Other disbursements:

Mercantile agency $402 50

Home ofllce traveling 198 22

Surety bonds 184 90

Entertaining agents 242 60

Books and journals 214 63

Sofe deposit box .18 15

Janitor, uutary, chamber of commerce, etc 222 60

1.503 65

Paid stockholders for interest or dividends 30,000 Oo

Agents' balances charged off 1,941 30

Gross decrease, by adjustment, in book value of ledger assets:

Real estate $112 23

Bonds 287 50

399 73

Total disbursements $815,289 64

Balance $1,778,880 84



LEDGER ASSETS.

Book value of real estate $140.99vS 84

Mortgage loans on real estate, first liens 828,245 00

Loans secured by pledge of bonds, stocks or other

collateral 8,000 00

Book value of bonds, $474,918. and stocks, $30,550.50 505,468 50

Cash in company's office $3,530 24

Deposits in trust companies and banks

on interest 155.635 12

159.165 36

Agents* balances representing business written sub-
sequent to October 1, 1913 126,996 60

Agents' balances representing business written prior
to October 1, 1013 . .> T03 24

Bills receivable, taken for fire risks 9, 303 30

Total ledger assets $1,778,880 84



NON-LKDGER ASSETS.

Interest due, $flC6.79 and accrued. $12,623 on mort-
gages $13.589 79

Interest accrued on bonds 6,659 00

Interest accrued on collateral loons 100 00

Rents accrued on company's property or lease 400 00

Total 20.748 79

Market volue of real estate over book value 1,001 4*!

Market value of bonds and stocks over book value 35,818 50

Gross osset.s $1 .836,449 65



Digitized by



GoogI(



ALLfiMANNIA riRE JNS. CO. 269



DEDUCT ASSETS NOT ADMITTED.

:ent8* balances, representinir business written prior to October 1,

918 ? T08 2i



Total admitted assets $1,835.746 31



LIABILITIES.

Gross losses adjusted and unpaid (due, $14,234.45;

not yet due. $4,338.43) $18.OT2 88

Gross claims for losses In process of adjustment or

in suspense ' 63,165 41

Gross claims for losses resisted 6.145 50



Total $87,883 79

Deduct reinsurance due or accrued , 13.856 14



Net amount of unpaid losses and claims $74,025 65

Gross premiums (less reinsurance) received and receivable upon
all unexpired fire risks. $1,911,226.68; unearned premiums, per

recapitulation , 786.906 64

Salaries, rents, expenses, bills, accounts, fees, etc.. due or accrued 2«463 73
Estimated amount hereafter payable for federal, state and other

taxes based upon business of the year of this statement 14,300 00

Commissions, contincrent or other charges due or accrued 9(6 95

Reinsurance and return premiums due other companies f . 4,188 53



Total amount of all liabilities except capital $882,830 50

Capital actually paid up in cash $200,000 00

Surplus OTer all liabilities • 752.916 81

Surplus as regards policyholders 952,915 81

Total llabillUes $1,835,746 31



RISKS AND PREMIU.MS.

Gross
Fire premiums

risks'. thereon.

In force Dec. 31. 1912 * $173,072,930 1,743,811 92

Written or renewed during 1913 115,897,060 1.227.949 60

Totol $288,960,990 $2,971,761 62

Deduct those expired and marked off as terminated 105.513.032 1.120.793 71

In force at the end of year $183,456,958 $1,850,967 81

Deduct amount reinsured 28,647.808 309,741 13

Net amount in force $154,809,150 $1,541,226 68



Digitized by



GoogI(



m



ALL&MAK>nA BlAfi tKS. CO.



REJCAPITULATION OP FIRE RISKS AND PREMIUMS.





j


1


Gross


cz'S




Yemr
wriitea.




Amount
covered.


prfdalums


OS


Amount of


Te:m.


chamfed.
Jes!i re-


|S


Dremlum
unearned.




^




insurance.


faO




1913


One year or lest...


$39,766,881


$458,398 87


1-2


$229,199 44


1911


Three years


30,655,534


263,327 20


1-6


43,887 87


1912


Three years


29,142,171


253,353 42


1-2


126,676 71


1913


Three years


30,889,161


271,591 45


5-6


226.326 21


1909


Five years


3,397,909


41,459 26


1-10


4,145 92


1910


Five years


4,308,223


54,042 68 3-10


16,212 80


1911


Five years


5,131,076


60,733 99


1-2


30,367 00


1912


Five years


.5,655,277


67,739 62


7-10


47.417 73


1913


Five years


5,486.637


67,272 03


9-10


60,544 83




Over Ave years

Totals


1 476,28H 3,308 16| P. R.

1


2,127 13


1


$154,809,1501 $1,541,226 68


$786,906 64



BUSINE^ IN THE STATE OP WISCONSIN DURING THE YEAR.

Fire

Gross risks written $3,736,123 00

Less $646,052 risks cancelled, and $608,768 reinsurance lu companies
anfliorlzed In Wisconsin 1,254,820 00

Net risks written $2,481^JOO

Gross premiums on risks written $45,928 13

Less $5,988.91 return premiums; and $8,080.73 premiums for rein-
surance fn companies authorized in Wisconsin 14,074 64

Net premiums received , ^ $31^,853 49

Losses paid (deducting salvage) $12,002 75

Less losses on risks reinsured in companies authorized in Wis-
consin 2,539 97

Net losses paid ...» $9,462 78

Losses incurred $14,597 81

Less losses on risks reinsured in companies authorized in Wis-
consin 1,44094

Net losses Incurred $13,156 87



Digitized by



GoogI(



alleMannia fire ins. CO.



til



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.



I



Total premiums

Add unpaid return and reinsurance
premiums Dec. 31 of previous year



Totol

Deduct unpaid return and reinsur
anee premiums Dec. 31, end of tlie
year I



I



$817,319 98
2,301 29



$819,621 22
4.188 53



•1.



Bolance

Add unearned premiums Dec.
of previous year



31,



Total

Deduct unearned premiums Dec. 31,
end of the year



$815,432 691 |.

. I I

7!yr.867 571 1.



$1,573,300 26|.
1



786,005 641



Premiums earned during the year .

UNDERWRITING PROFIT AND
LOSS ITEMS.

Loss from agents' balances cliarged

off

Agents* balances and bills

receivable not admitted

Dec. 31. 1912 $4,796 821

Agents' balances and bills

receivable not admitted

Dec. 31. end of the year 703 24



I
$786,394 6^.

f



$1,941 30



Gain from above

Gain from underwriting profit and
loss items



.|.



4i093 58



Underwriting income earned during
the year



LOSSES.



Losses paid

Deduct unpaid losses Dec. 31 of pre- 1
vlous year !



$408,288 42
61.177 48



Balance

Add unpaid losses Dec. 31. end of the
year



Losses incurred during the year . .
UNDERWRITING EXPENSES.

Underwriting expenses paid during
the year

Deduct underwriting expenses unpaid
Dec. 31 of previous year



$347,110 94
74,025 651



$371,031.66
17,579 461.



2.152 28



$788,546 90



$421,136 591



Balance

Add underwriting expenses unpaid |
D€tc. 31, end of the year I



Total

Less one-eighth per cent



-I
$353,452 201 .

17, no 68!.

1

$371,162 881.
1.827 331.



Underwriting expenses incurred dur-
ing the year , 1



Underwriting losses and expenses . . . I .

Loss from underwriting daring the'
year I.



I
360,335 55|.

1



790,472 14



==1=



$1,025 24



uiyiLizeu uy '



.OOgI(



m



ALLfeMAl^NU FtRE iNB. Ctt.



UNDERWRITING AND INVESTMENT EXHIBIT-Contlnued.



INVESTMENT EXHIRIT
Interest and tlents. '



Interest, dividends and rents received |
during the year i...|

Dediict Interest, dlviaends and rents!
due and accrued Dec. 31. end of
the year



Baliince .'

Add Interest, dividends and rents
due and accrued Dec. 31, Snd of|
the year . ;



Total



luTestment Income earned during the
year



LOSS ON INVESTMENTS.

Loss from decrease in book value of
ledger assets

Loss from change In diflterence be-
tween book and market value dur
Ing the year



Loss on Investments during the year



INVESTMENT EXPENSES.

Investment expenses paid during the
year

Deduct Investment Expenses unpaid
Dec. 31 of previous year



Balance



Investment losses and expenses dur-
ing the year



I

I

$88.662 481.

21,086 00 .



$67,576 48
20,748 79



$88,325 27



I



$399 73
6,296 00



$3.628 53
1,827



Gain from investments during the!
year !



$6,695 73



5,455 86



MISCELLANEOUS EXHIBIT.



Dividends declared
during the year .



to stockholders



.(.



Total gains and losses in surplus dur-
ing the year

Surplus Dec. 31. 1912

Surplus Dec. 31. 1913



Increase in surplus during the year
Totals



$708,667 37
752.915 81



Gain In
Surplus.



$88.325 27



12,151 59



$76,173 68



$76,178 68



Loss, in
Surplus.

$30,000 00



$81,926 24






.1



44.248 44



$76,178 68 $76,178 68



Per cent of losses Incurred to premiums earned 53.55.

Per cent of underwriting expenses incurred to premiums earned 46.97.

Per cent of investment expenses incurred to interest and rents earned 6.ia



Digitized by



GoogI(



AMteWCAN CENTRAL iNS. CO. 273



AMEBIOAN OENTRAL INSURANCE COMPANY,

St. Louis, Mo.

[Incorporated February, 1858. Commenced businesB February, 1853.]

Home Office, 816 OLIVB STREET.

Date of admission Into Wisconsin, Sept. 17, 1870.

President. EDW. T. CAMPBELL. Vice President. W. A. BLODGETT.

Secretary. B. G. CHAPMAN, JR.

CAPITAL STOCK.
•Amount of capital paid up in casli $2,000,000 00



Amount of ledger assets December 31 of previous year $5,680,684 74

INCOMS.

Marine
Fire. and inland.

Gross premiums $5,344,368 76 $64,123 92

Deduct reinsurance premiums, fire,
$1,090,618.70; return premiums, fire,
$911,780.81 2,008.349 51



Total premiums (other tban per-
petual) $3,336,019 24 $64,123 92

$3,400,143 16

Gross interest on mortgage loans $2. 183 29

Gross interest on collateral loans 15, 164 54

Gross interest on bonds and dividends on stocks,
less $1,01321 accrued interest on bonds acquired

during the year 178,710 76

Gross interest on deposits in trust companies and

banks 2,442 89

Gross interest from all other sources 248 94



Total gross interest and rents 196,750 42

From other sources: Proceeds on sale of Norfolk and Western

rights 17 00

Gross profit on sale or maturity of ledger assets : Bonds 682 00



Total income $3,699,443 08



Total footings $9,290,127 82

DISBURSEMENTS.

Marine
Fire. and inland.
Gross amount paid policyholders for
losses (including $203,223.03 occur-
ring in previous years) $2,451.804 20 $42,868 62

Deduct amount received for salvage,
fire. $15,871.78; marine and inland,
$525 87; reinsurance, fire, $554,075.80;
marine and inland, $2.66; discount,
fire, $1,063.95 571.01148 628 55



Net amount paid policyholders

for losses $1,880,292 72 $42,834 97



$1,922,627 69



HIapital reduced to $1,000,000.00, and $1,000,000.00 placed in the surplua,
18— Ins.— I



Digitized by



GoogI(



274 AJiEfticAi^ c^nTAal ms. cd»

Bxpenses of adjustment and settlement of losses 34 . 241^ CK^

Commissions or brokerage 678.882 87

Allowances to local agencies for miscellaneous agency expenses.. 9,999 79
Salaries, $148,191.13. and expenses, $69,013.20, of special and gen-
eral agents 217,204 83

Salaries, fees, and all other charges of officers, directors, trus-
tees and home office employes 101,872 18

Rents .• 18,083 44

Advertising, $3,513.86; printing and stationery, $44,001.53 47,515 39

Postage, telegrams, telephone and express - 28,811 73

Legal expenses 4,880 96

Furniture and fixtures 5,273 45

Maps, including corrections 10,876 57

Underwriters' boards and tariff associations 31,272 45

Fire department, fire patrol and salvage corps assessments, fees.

taxes and expenses 8,743 01

Inspections and surreys 28,496 91

State taxes on premiums 56,554 29

Insurance department licenses and fees 30,088 28

All other HcoDses, fees and taxes:

Municipal $7,879 56

Filing fees 264 21

City and county tax 1,289 01

Publishing statement 448 45

Franchise tax 19,534 23

Occupation tax 13 48

Corporation tax 8 01

Miscellaneous tax 97 24

Total ; 29,714 10

Other disbursements: Premium on bonds 50 00

Paid stoclcholders for interest or dividends (amount declared dur-
ing the year. $120,000.00) 119,085 00

Agents' balances charged off 2,482 69

Total disbursements $3,387,613 81

Balance $5,902,514 01



LEDGER ASSETS.

Mortgage loans on real estate, first Hens, $36,739.61;

other than first, $4,000.00 $40,739 61

Loans secured by pledge of bonds, stocks or other

collateral 302,386 62

Book value of bonds, $3,409,931.93, and stocks. $1«-

167,202.36 4,677,134 29

Cash in company's office $12,032 41

Deposits in trust companies and banks

not on Interest 71.281 62

Deposits in trust companies and banks

on interest 277,565 94

360,879 97

Agents* balances representing business written sub-
sequent to October 1, 1913 606,484 28

Agents' balances representing business written prior
to October 1, 1913 12,890 24

Totol ledger assets $5,902,514 01



NON-LEDGBR ASSETS.

Interest accrued on mortgages $923 38

Interest accrued on bonds 47.434 61

Interest accrued on collateral loans 890 00

Total 49,247 99

Gross assets ,....$5,951,76200



Digitized by



GoogI(



AMfiRlCAK CENTRAL INS. Cd,



275



DEDUCT ASSETS NOT ADMITTED.

Agents* balances, representing business written prior

to October 1. 1&13 $12,890 24

Book value of ledger assets over market value 525,653 09



538.543 33
Total admitted assets $5,413,218 07



LIABILITIES.

Gross losses adjusted and unpaid, not yet due

Gross claims for losses in process of adjustment or
in suspense, plus $25,000.00; reserve for losses in-
curred prior to December 31. of which no notice
had been received on that date i!

Gross claims for losses resisted



$105,625 38



359,228 37
24.923 20



ToUl $489 , OT6 95

Deduct reinsurance due or accrued 149. 336 93



Net amount of unpaid losses and claims $340,340 02

Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired fire risks, $^673,789.38;
unearned premiums, per recapitulation $2,991.239 68

Gross premiums (less reinsurance) (cash and bills)
received and receivable upon all unexpired inland
navigation risks, $20,177-.67; unearned premiums
(fifty per cent) 10,088 83

Gross premiums (less reinsurance) (cash and bills)
received and receivable upon all unexpired marine
risks, $735.09; unearned premiums (100 per cent).. 735 09

Total unearned premiums as computed above 3,002,063 60

Dividends declared and unpaid to stockholders ., 883 48

Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued 4,851 87
Estimated amount hereafter payable for federal, state and other

taxes based upon business of the year of this statement 35,000 00

Total amount of all liabilities except capital $3,383,138 97

Capital actually paid up in cash $2,000,000 00

Surplus oyer all liabilities 30,079 70

Surplus as regards policyholders 2.030,079 70

Total liabilities $5,413.218 67



RISKS AND PREMIUMS.





Gro«s
Fir«> risks. premiums
thereon.


Marine
and inland

risks.


CiroiBs

premiums

thereon.


In force on the Slst day
of December, 1012 ..

Written and renewed
during the year ....


$502,710,371
484,760.842


$6,290,728 72
5,344,368 75


$67,136
14,6(50,837


$2,213 29
64,123 92


Total r..-

Deduct those expired
and marked off as
terminated ; . . . .


$1,077,477,213
410,916,335


$11,635,005 47

-

4,584.055 38


$14,617,973
13,964,614


$66,337 21
45,424 45






In force at the

end of the year

Deduct amount r«:i*i-

snred


$666,560,878