Copyright
Wisconsin. Dept. of Insurance.

Report online

. (page 37 of 94)
Online LibraryWisconsin. Dept. of InsuranceReport → online text (page 37 of 94)
Font size
QR-code for this ebook


Legal expenses •. 627 76

Furniture and fixtures 8.907 77

Maps, including corrections 5,753 86

Underwriters* boards and tariff associations 24.905 38

Fire 4epartment, fire patrol and salvage corps assessments, fees,

taxes and expenses 17,996 47

Inspections and stLrveys 10.249 13

Repairs and expenses (other than taxes) on real estate 3.815 21

Taxes on real estate 4.469 81

State taxes on premiums 43.042 39

Insurance department licenses and fees 11.299 43

All other licenses, fees and taxes:

Federal corporation tax $1.935 32

Franchise 417 02

Municipal 3,068 75



Other disbursements:

Interest prepayment marine premium and notes... $1,545 43

Investment expense 10 93

Miscellaneous expense 18.916 43



5.421 09



20.472 79



Paid stockholders for interest or dividends (amount declared dur-
ing the year. $300,000.00) 240.000 00

Agents' balances charged off 2,852 86

Gross loss on sale or maturity of ledger assets : Stocks 2,176 50



Total disbursements $3,274,256 1



Balance $6,799,364 49



LEDGBR ASSETS.

Book value of real estate $396.197 69

Mortgage loans on real estate, first liens 442,500 00

Lonns secured by pledge of bonds, stocks or other

collateral 20.600 00

Book value of bonds. $1,281,452.60. and stocks, $3,-

695,68880 4,877.141 40

Cash in company's ofllce $17,768 06

Deposits in trust companies and banks

on interest 430.912 85



448,675 91



Digitized by



GoogI(



^oi



BOSMl^ INS. Cd.



Agents' balancM t'epresenting bnslBess written sub-

eeqnent to October 1. 1918 524,170 W

Agents' balances representing business written prior

to October 1, 1913 29.587 07

Bills receivable, taken for marine and inland risks . . 57.930 17

Bills receivable, taken for fire risks 4,037 54

Other ledger assets:

Notes receivable 755 84

Deposit with boards. $800, less income tax retained
from source, $41.67 758 33

Total ledger assets $6,799,864 49



NON-LBDGBR ASSETS.

Interest due, $2,230.81 and accrued $2,444.65 on mort-
gages $4,675 46

Interest accrued, on bonds 15, 145 51

Total 19.820 97

Other non-ledger assets: Reinsurance return premiums due .... 585 03

Gross assets $6,819,770 49



DEDUCT ASSETS NOT ADMITTED.

Agents* balances, representing business written prior

to October 1. 1913 $29,587 67

Bills recelva'ble, past due, taken for marine, inland

and Are risks 13,486 11

Loans on personal security, endorsed or not 755 84

Book value of ledger assets over market value 389,440 97

Reinsurance return premiums, $a03; deposit with

boards. $800 806 43

Mortgage loan In excess of appraisal 1,00000

435,028 62
Total admitted assets $6,384,741 87



LIABILITIES.

Gross losses adjusted and unpaid, not yet due $654 88

Gross claims for losses in process of adjustment or
in suspense, plus $20,641.96; reserve for losses in-
curred prior to December 31. of which no notice

had been received on that date 543,810 75

Gross claims for losses resisted 20.996 68



Total $565.1flH 26

Deduct reinsurance due or accrued 118,914 77



Net amount of unpaid losses and claims $446,249 49

Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired fire risks, $3,101,606.09;
unearned premiums $1,644,84169

Gross pren^iums (less reinsurance) (cash and bills)
received and receivable upon all unexpired marine
and inland navigation risks, $1,087,907.49; unearned
premiums (fifty per cent) 543,958 95

Gross premiums (less reinsurance) (cash and bills)
received and receivable upon all unexpired marine
risks, $46,841.67; unearned premiums (100 per cent) 48.841 67



Total unearned premiums 2,237,687 11

Dividends declared and unpaid to stockholders 120.000 00

Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued 2,549 67
Estimated amount hereafter payable for federal, sta*^e and other

taxes based upon business of the year of this statement 40,824 78

Commissions, contingent or other charges due or accrued 6,000 00

Reinsurance and return due other companies 51 31



Total amount of all liabilities except capital $2,868,812 86

Digitized by LjOOQK



todsTON ms. c6.



303



Capital actually paid up In cash $1,000,000 00

Surplus over all liabilities 2,631,429 61

Surplus as regards policyholders 3,631,429 61

Total liabilities $6,384,741 87



RISKS AND PREMIUMS.



Fire risks.



In force on the Slst day
of December. 1912.

Written or renewed!
during the year 1



$380,206,977



Gross

premiums

tbereoQ.



Marine

and inland

risks.



I



$3,692,666 73[



278,677,6881 2,756,483 06



rl-



Total ....( $668,884,366

242,257,196



Deduct those expiredl
and marked off asf
terminated )



$6,449,038 78
2,405.050 69



Gross
premiums
tuereon..



$40,026,4441 $1,263,780 22

IW, 253, 6781 2,168,744 69



$204,279,022
164,680,703



In force at the end| j | .

of the year I $416,627,1691 $4,043,988 09< $39,698,819

Deduct amount rein-l t I

sured ( 94,239,8471 942,382 OOf 2,878,898



I-



-l-



Net amount in f creel $322,387,322 $3,101,606 09



$36,819,461



$3,432,474 91
2,200,621 06



$1,231,863 85
95,104 69



$1,136,749 16



RECAPITULATION OP FIRE RISKS AND PREMIUMS.



Year
written.



Term.



Amount
covered.



Gross
preni turns


=1

OS


Amount of


chanred.


T: *


premium


less re-


^1


unearned.


Insurance.





1913


One year or less...


$87,544,714


$951,182 24


1-2


$475,. Wl 12


1912


Two years


1.053.942


8.849 39


1^


2,212 36


1918


Two years


1,185,762


8,226 21


3-4


6.252 10


1911


Three years


40.941,628


332.034 74


1-6


55.339 12


1912


Three years


48,377,808


397.513 20


1-2


198.756 60


1913


Three years


68,019.411


475,368 «>


5-6


390.307 38


1910


Four years


466.131


4.693 40


IS


586 68


1911


Four years


699,202


6.642 13


3-8


2,490 79


1912


Four years


819.697


8.286 931 5-«


6.179 35


1913


Four years


503,546


4.800 651 7-8


4,200 57


1909


FiTe years


12.838.853


142.729 20 1-10


14,272 92


1910


Five years


14,477.819


157.844 17 3-10


47.353 35


J911


Five Years


14,694,350


162,695 09 1-2


81 347 55


1912


Fite years


18.731.598


207,175 23


7-10


145.022 60


1913


Fivft vears


21,817,653


231.227 25


9-10


208 104 5H




Over five years

Totals


215,408


2,027 41


9-10


1.824 07




$322,387,322


$3,101,606 09


$1,644,841 68



Digitized by



GoogI(



m



fedsfbi^ INS. c6.



BUSINESS IN THE STATE OP WISCONSIN DURING THE YEAR.



Fire.



.Ill »• Hilt

inland.



Tornado.



Total.



Gross risks written

Less $2,251,519 risks cancelled,
and $1.2C9;5<H reinsurance in
companies authorized In Wis-
consin


$6,847,225
2,568.787


$1,568,008
717,453


$496,257

i

174,783


$8,911,485
3.461.023






Net risks written


$4,278,43^


$850,550


$321,474'


$5,450,462


Gross premiums on risks writ-
ten . . ,


1

$74.905 82

25,249 40


1

$44,813 60

23,576 12


$3,411 70

_
1,515 89


$123,131 12


Less $36,065.26 return pre-
miums; and $14,286.15 pre-
miums for reinsurance In
companies auttiorlzed in Wis-
consin


50,341 41






1


$49,656 42


$21,237 48


$1,805 81


$72,789 71


Losses paid (deducting salvage)

LeHs losses on risks reinsured

in companies authorized in

Wisconsin


$31,323 46
7,411 21


$2,880 21



106.69


$605 42


$34,899 09
7,517 80






Net losses oald


$23,912 25


$2,773 62


$695 42


$27,281 29




Losses Incurred


$37,231 6^
9.698 06


$4,957 76
197 69


$720 42


$42,509 84
9,895 67


Less losses on risks reinsured
in companies authorized In
Wisconsin








Net losses incurred


$27.533 58


$4,360 17


$720 42


$32,614 17



Digitized by



GoogI(



BbSTdN IKS. C6.



SOS



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.



I



Total premiums

Add unpaid return and reinsurance
return premiums Dec. 31 of pre
▼lous year

Deduct unpaid return and reinsur-
ance premiums Dec. 31, end of the



year
Add unearned premiums Dec.



of previous year



31,



Total

Deduct unearned premiums Dec.
end of the year



31



I



13.228.129 43

585 03

516 80
2.109.872 08



$5,388,069 69
2.237,637 11



Premiums yarned during the year .

UNDERWRITING PROFIT AND
LOSS ITEMS.

Gain from agents' balances previously!
charged off. $452.66 and from other
underwriting income. $3,070.21 ....■*

Loss from agents' balances chargedl



$3,100,432 58



I



off



$3.522 87
2.852 86



Gnln from above |

Agents' balances and bills |

receivable not admitted I

Dec. 31. 1912 $30,215 151

AgentR' bnlances and billR |

receivable not admitted I

Dec. 31. end of the year 44.587 70]



$670 011.



Loss from above



14,372 551.



Loss from underwriting profit and
loss items



Underwriting income earned during
the year



LOSSES.



Losses paid

Deduct unpaid losses Dec. 31 of pre-
vious year



13.702 541



$1,785,357 81
391.052 65



Balance

Add unpaid losses Dec. 31. end of the I
year I



$1,394,305 16|.

I



$3,086,730 04



Losses incurred during the year ..
UNDERWRITING EXPENSES.

Underwriting expenses paid during
the year

Deduct underwriting expenses unpaid
December 31 of previous year



446.»9 491.



I



$1,229,061 62*.

I
84.323 171.



.1 $1,840,664 65 .

I I

I I

.1 I



Balance I $1,144,738 ;

Add underwriting expenses unpaid
Dec. 31, end of the year ,



Underwriting expenses incurred dur-
ing the year



Underwriting losses and expenses.

Gain from underwriting during the
year



49.374 45|.



1.194,112 80



20— Ins.— I



=F=I=



8.034.667 46



$n,«6t 59



Digitized by



GoogI(



30^



bOSTON INS. C6.



UNDERWRITING AND INVESTMENT EXHIBIT-Oonttnued.



INVESTMENT EXHIBIT.
Interest and Rents.

Interest, dividends and rents received
during the year

Deduct interest, dividends and rents
due and accrued Dec. 81, end of
the year



Balance

Add interest, dividends and rents
due and accrued Dec. 31. end of the
year



Interest and rents earned during the
year



PROFIT ON INVESTMENTS.



Gain from sale of ledger assets
Gain from other investments ..



Profit on investments during the year

Investment income earned during the
year ,



LOSS ON INVESTMENTS.



Loss from sale of ledger assets

Loss from change in difference be-
tween boolc and marlcet value dur-
ing the year



$239,674 95
17,515 54



$222,159 41
19,S20 97



$102,197 65
2,900 00



$2,176 50



601,117 47



Loss on investments during the year



INVESTMENT EXPENSES.

Inveftment expenses paid during the
year ,



Investment losses and expenses dur-
ing the year



Loss from investments during the
year



MISCELLANEOUS EXHIBIT.



$241,980 88



105.097 65



$603,293 97



14.807 19



Gain in
I Surplus.



$347,078 03



618,101 16



$871,028 13



Loss in
I Surplus.



Dividends declared to stockholders
during the year




; 1


$300.000 00






1


Total gains and losses in surplus dur-
ing the year


I

$S»,06S 69


$671,088 IS


Surplus Dec. 31, 1912


$3,050.390 05
2.531,429 51




Surplus Dec. 31, 1913


1 1.






1 j
618.960 64 .




Decrease in surplus during the year








*


Totals


$671,088 18


$671,088 IS







Per cent of losses incurred to premiums earned 59.80.
Per cent of underwriting expenses incurred to premiums earned 88JSQ.
Per cent of investment expenses incurred to interest earned 6.10.
Per cent of total losses and expenses incurred and dividends declared to
total income tamed 106.80.



Digitized by



GoogI(



fetJife**»ALO GERMAN iNS. CO. 36t



BUFFALO QEBMAN INSUBANCE COMPANY,

Buffalo, N. Y.

Home Office. 447-449 MAIN STREET.

[Incorporated February 15, 1867; commenced business February 16, 1867.1

Date of Admission into Wisconsin March, 1876.

President, JOHN G. WICKSEU. Vice Presldpnt, B. R. EGGERT.

Secretary, C. A. GBORGER.

CAPITAL STOCK.

Amount of capital paid up in cash 1200,000 00

Amount of ledger assets, December 31 of previous year $2,694,482 61

INCOME.

Fire.

Gross premiums $818,052 89

Deduct : Reinsurance premlnras, Are. $72,780.08 :
return premiums, fire, $126.082.50 198,862 58

Total premiums (other than perpetual) $619. 190 31

Gross interest on mortgage loans $21,580 91

Gross interest on coUatornl loans 646 00

Gross interest on bonds and dividends on stocks,
less $2,378.23 accrued interest on bonds ac-
quired during the year 57,150 20'

Gross Interest on deposits in trust companies and

banks 6.473 56

Gross interest from all' other sources: From

Philadelphia Underwriters Association 3 15

Gross rents from company's property, including
$4,000.00 for company's occupancy of its own
buildings 34,211 83

Total gross interest and rents 120,064 65

From other source" : Conscience money 500 00

From agents' balances previously charged off 86 29

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

Real estate $205,000 00

Bonds , 1,234 97



206.234 97



Total income $946,076 22

Total footings $3, 540,558 83



DISBURSEMENTS.



Fire.



Gross amount paid policyholders for losses (in-
cluding $38,981.21 occurring in previous years) $374,206 12

Deduct amount received for salvage, fire,
$3,985.59; reinsurance, fire, $28,386.45; dis-
count. Are. $605.14 32,927 18



Net amount paid policyholders for losses $341,278 94

Digitized by LjOOQK



m



fetJFt^ALO GEftMAK TUS, CO.



Bxpenses of adjustment and settlement of losses *. ^'^,593 34

Commissions or brokerage 153, 385 97

Salaries, $9,932.65, and expenses $7,093.74, of special and

general agents 17, 026 39

Salaries, fees, and all other charges of officers, directors, trus-
tees and home office employes 43, 123 28

Rents for company's occupancy of its own buildings 4,000 00

AdYertising, $1,137.64; printing and stationery $3,257.28 4.394 92

Postage, telegrams, telephone and express 4,375 22

Legal expenses 1 , 413 OG

Furniture and fixtures 808 35

Maps, including corrections 2,219 78

Underwriters' boards and tariff associations 3,623 90

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

taxes and expenses 6, 304 95

Inspections and surveys 4, 594 50

Repairs and expenses (other than taxes) on real estate 8,899 52

Taxes on real estate • 12,981 92

State taxes on premiums 10,831 71

Insurance department licenses and fees 1,888 75

All other licenses, fees and taxes :

Federal corporation tax $994 64

Tax on corporation bonds 517 25

Licenses 899 19

Agencies local tax 900 14



Other disbursements :

Car fare for solicitors, $103.24 ; visiting agents

(hotel bills), $225.9.'» 7 $329 19

Sundry office supplies, $86.51 ; box in safe de-
posit vault, $50.00 136 51

Bradstreets reports. $480.34; exchange, $77.69 558 03

Electric lightiug, $198.74 ;. wrapping paper,

twine, etc., $28.74 227 48

Ice. $24.00; drinking water, $81.00: office

toilet supply company $41.17 146 17

Bonding Co. (premiums). $294.70; transfer of

bonds, $12.06 306 75

Buffalo Police Mutual Aid Ass'n., $60.00;

Western Union clock, $12.00 72 00

N. Y. Tax Reform Association, $10.00; flags,

$154.22 ; sundries, $68.45 232 67

Fircmcns relief fund, $29.00; auto hire (exam-
ination of mortgages), $40.00 69 00

Tabulating machine $690.83 ; certificates county

clerk , 706 43

Publishing. $275.72 ; insurance and local papers,

$82.37 358 09



3,311 22



3.142 32



Paid ptockliolders for interest or dlvidonds (amount declared

during the year) 270.000 00

Agents' balances charged off ' 4,733 12

Gross loss on sale or maturity of ledger asests : Bonds 2,831 60

Gross decrease, by ndjustmcnt. in book value of ledger assets :

Bonds 17,243 72

Total disbursements $931,506 48

Balance $2,609,052 85



LKDGER ASSETS.

Book value of real estate $525,000 00

Mortgage loans on real estate 419,650 00

Loans secured by pledge of bonds, stocks or other
collateral 10,500 00

Book value of bonds 1,421,149 18

Deposits in trust companies and banks on in-
terest 130,967 94

Agents' balances representing business written

subsequent to October 1, 1913 99,292 05

Agents' balances representing business written

prior to October 1, 1913 2,498 18

Total ledger assets $2,609,052 86



Digitized by



GoogI(



BUFFALO GERMAN INS. CO. 309



NON-LEDGER ASSETS.



Interest accrued on mortgages 17,022 48

Interest accrued on bonds 17,519 07

Interest accrued on collateral loans 160 00'

Rents due 380 84



Total 25,072 39



Gross assets $2,634,124 74



DEDUCT ASSETS NOT ADMITTED.

Ajfeut.'i* luUnces, rci)rescnnn;; buslncRH written prior 1o Oc-
tober I, 1913 2, 493 18



Total admitted assets |2,G81.031 56



LIABILITIES.

Gross losses adjusted and unpaid (due, $077.38 ;

not yet due, $934.54) $1,911 92

Gross claims for losses in process of adjustment
or in buspen&e, phis $l,630.1Ki : reserve for
losses incurred prior to December 31 of which
no notice had been received on that date 30,000 59

Gross claims for losses resisted 4,900 00



Total $36,902 51

Deduct reinsurance due or accrued 3,930 60



Net amount of unpaid losses and claims $32,071 85

Gross premiums (less reinsurance) received and receivable upon

all unexpired risku, $l,316.i:{e..37 ; unearned premiums 681,671 OH

Salaries, rents, expenses, bills, accounts fees, etc., due or ac-
crued 1 , 000 00

Estimated amount hereafter payable for federal, state and other

taxes based upon business of the year of this statement 12,500 00

Commissions, contingent or other charges due or accrued 3,500 00

All other libailitles : Reserve for contingencies 43,000 00

Total amount of all liabilities except capital $774,042 88

Capital actually paid up in cash $200,000 00

Surplus over all liabilities 1,656,988 68



Surplus as regards policyholders 1,856,988 68



Total liabilities $2,631,631 66



RISKS AND PREMIIMS.

Gross
Fire premiums

rislcs. thereon.

In force on the 31st day of December, 1912 $143,674,965 $1,388,403 86

Written or renewed during the year 80.838,581 818,052 89



Total $224,413,546 $2,206,456 75

Deduct those expired and marked off as terminated 74,891,878 770,717 73



In force at the end of the yejir $149,581,608 $1,435,739 02

Deduct amount reinsured 12,964,043 110,607 65



Net amount in force $136,557,025 $1,310,136 37



Digitized by



GoogI(



310



BUFFALO GERMAN INS. CO.



RECAPITULATION OF FIRE RISKS AND PREMIUMS.









(irofts


'6










premiums


Sa


Amount of


Year


Term.


Amount


charged.




premium


wriuen.




covered .


Ihsw re-


II


unearned.








insuraDce.




1913


One year or less...


130,437.578


$340,670 77


1-2


1170,335 38


1912


Two years


273.133

272.617

23,022.862


2,596 71

2,590 11

180,431 09


1-^
a-4
1-6


649 18


1913


Two years


1,942 58


1911


Three years


30,071 85


1912


Three years


24,445,840


191,872 58


1-2


95,936 29


1913


Three years


26,495,272


204.530 00


5-6


170.441 66


1910


Four years


87,101


1,064 84


1-8


133 11


1911


Four years


82,500


847 80


3-8


317 92


1912


Four years


116,800


1,177 90


5-8


736 19


1913


Four years


117.283


1,406 74


7-8


1,230 90


1909


Five years


4.880,257


60,234 7&


1-10


6,023 47


1910


Five years


5.671,825


68,218 77


3-10


20,465 63


1911


Five years


6,628,603


81,770 31


1-2


40.885 16


1912


Five years


7,236,304


91,749 43


7-10


64.224 60


1913


Vive years

Totals


6,789,660


86.974 57


9-10


78,277 11




1136,557,625


$1,816,136 ^




$681,671 03



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.

Fire.

Gross ri8l£8 written $1,657,492 00

Less $252,708 rislss cancelled, and $150,612 reinsurance In com-
panies authorized in Wisconsin 412.320 00

Net risks wrttten $1.24 5,172 00

Gross premiums on rislts written ^ $19,609 24

Less $1,397.45 return premlumH; and $2,206.65 premiums for rein-
surance in companies authorized in Wisconsin <3,603 10

Net premiums received $16,006 14

Losses paid (deducting salvage) $7,916 31

Less losses on risks reinsured in companies authorized in Wis-
consin 241 50

Net losses paid $7, 674 81

Losses incurred $7,821 31

Less losses on risks reinsured in companies authorized in Wis-
consin 241 50

Net losses incurred $7,579 81



Digitized by



GoogI(



BUFFALO GERMAN INS. CO.



311



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.



Total preminms

Add unearned premiums Dec.
of previous year



31,



1619.190,31
681.319 11



Total

Deduct unearned premiums Dec. 31,1
end of the year I

Premiums earne'd during tbe 3;^ar



$1,300,509 421
681,671 031



I



UNDERWRITING PROFIT AND
LOSS ITEMS.

Gain from agrents' balances previously
charred off. $86.29 and from other
underwriting income. $500

LoPR from agents' balances charged
off I



$618,838 39).



Loss from above ; . . . . |

ArentH* bnlnnces and bills |

receivable not admitted |

Dec. 31, 1912 $1,68186'.

AgentR* b«lanres and bills I

receivable not admitted I

Dec. 31, end of the year 2.403 181.



$586 291.

I

4,738 121 .

-I



$4,146 831.

I



Loss from above {

I-
Loss from underwriting profit andl
loss items |.



811 22!.



1



4,9")8 051



Underwriting Income earned duringi
the year



LOSSES.

I I

T^wes paid I $341,278941.

Deduct unpaid losses Dec. 31 of pre- 1 I

vious year I 41.588 711.

Balance I

Add unpaid losses Dec. 31, end of the)
year I

I-



-I
$299,690 231.

I
32,971 851.

-I



Losses incurred during the year 1 ' $332,662 0«i



UNDERWRITING EXPENSES. I

I

Underwriting expenses paid duringi

the year



!
Underwriting losses and expenses ..I.

Gain from underwriting during the)



year



369.613 341



$613,880 M



602.275 42



$11,604 9«



Digitized by



GoogI(



312



BUFFALO GERMAN INS. CO.



UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



INVESTMENT EXHIBIT.
Interest and Rents.

Interest, dividenda and rents received
durinir the year

Deduct interest, dividends and rents
due and accrued Dec. 31, end of
the year



Balance

Add interest, dividends and rents due
due and accrued Dec. 31. end of the
year



1120,064 60
20,313 48



Total



PROFIT ON INVESTMENTS.

Crain from Increase in book value of
ledger assets



^0,751 17
25.a7€ 39



Investment income earned during the]
year |.



LOSS ON INVESTMENTS.



I



Loss from sale of ledger assets '

Loss from decrease in book value of|
ledger assets |

Loss on investments during the yearl.



$2,331 60
17,243 72



INVESTMENT EXPENSES. I

Investment expenses paid during the]
year |.



$124,823 56



I

I

206.234 971 .



.1 $381,068 63



I



$19,575 32






26,306 76



I



Investment losses and expenses dur-
ing the year



Ghiin from investments during the
year



MISCELLANEOUS EXHIBIT.



Dividends declared to stockholders
during the year



Total gains and losses in surplufi dur-
ing the year

Surplus Dec. 31. 1912

Surplus Dec. 31. 1913



Increase in surplus during the year.
Totals



46,881 08



|Be86,177 45



Gain in
Surplus.



I Loss in
Surplus.

$270.000 00



$1,630.20^ 31
1.656.988 "68



fSe6,782 87



$870,000 00



-I-



26,78S S7



.1 $S96,78« 87| $S06,782 S7



I



Per cent of losses incurred to premiums earned 63.75.
Per cent of underwriting expenses incurred to premiums earned 43.56.
Per cent of investment expenses Incurred to interest and rents earned 21.07.
Per cent of total losses and expenses Incurred and dividends declared tO
t9ta| incomp earned 97,16,



Digitized by



GoogI(



CAMDEK WRB iNS. CO. 3lS



CAMDEN FIRE INSXTBANCE COMPANY,

Camden, N. J,

Home Office, 434 FEDERAL STREET.

[Incorporated Marcb, 1841 ; commenced business April, 1841.]

Date of admission Into Wisconsin 1901.

President, EDMUND E. READ, JR. Vice President, J. LYNN TRUSCOTT

Secretary, JOSEPH K. SHARP.

CAPITAL STOCK.

Amount of capital paid up in cash |600,000 00

Amount of ledger assets, December 81 of previous year |2, 934, 867 98

INCOME.

Pire.

Gross premiums $2,403,705 97

Deduct reinsurance premiums, fire, f 296,578.26;
•return premiums, fire $528,853.70 825,43190



Total premiums (other than perpetual) % 1,578,274 01

Deposit premiums written on perpetual risks (gross) '. 997 70



Online LibraryWisconsin. Dept. of InsuranceReport → online text (page 37 of 94)