Report online

Gross interest on mortgage loans, less $113.77 ac-
crued Interest on mortgages acquired during
the vear $38,641 47

Gross interest on collateral loans 4,043 58

Gross Interest on bonds and dividends on stocks,
less $659.97 accrued Interest on bonds acquired
during the year 82,406 04

Gross interest on deposits in trust companies
and banks 1,298 95

Gross interest from all other sources :

Interest on deposit with Philadelphia Under-
writers Association 3 15

Interest on bills receivable 15 98

Interest from reinsurance bureau 65 08

Gross rents from company's property, including
$6,000 for comjmnv'a occupancy of its own
buiHings 6.283 15

Total gross interest and rents $132,757 40

Less interest paid on money borrowed $81 52
Less interest paid on loss overdue.... 47 71

129 23

132,628 17



From other sources :

Transfi^r foes on porpetunl poHcles $18 00

Received from accident policy on injury to em-
ployes 13 00

Borrowed on note 90, 000 00



90,031 00
Gross profit on sale or maturity of ledger assets: Real estate. . 65 25

Total income $1,801,996 13

Total footings $4,736,864 11



Digitized by



GoogI(



314 CAMDEN PmE IKS. CO.



DISBURSBMBNTtf.



Plre.



Gross amount paid policyholders for losses (in-
cluding $137,544.03 occurring in previous
years) 11.007,506 32

Deduct amount received for salvage. Are,
$5,149.91 ; reinsurance, fire, $164,393.69 ; dis-
count. Are, $736.19 170,279 79



Net amount paid policyholders for losses $837,226 53

Bzpenses of adjustment and settlement of losses 15,790 83

Commissions or brokerage 402, 348 8«

Allowuneos to local agencies for miscellaneous sgency expenses 5,248 02
Salaries, $9,943.24, and expenses, $10,502.71. of special and gen-
eral agents 20,445 95

Salaries, fees, and all other charges of officers, directors, trus-
tees and home office employes 73,308 36

Rents including $6,000 for company's occupancy of its own

buildings : 6.484 47

Advertising. $2,341.48; prinUng and stationery, $9,992.07 12.334 45

Postage, telegrams, telephone and express 8.528 01

Legal expenses 1.986 09

Furniture and fixtures 8.432 08

Maps. Including corrections 7.018 70

Underwriters' boards and tariff associations 16,876 88

I'^re department, fire patrol and salvage corps assessments, fees.

taxes and expenses 5.806 14

Inspections and surveys 3, 143 72

Repairs and expenses (other than taxes) on real estate 2.188 48

Taxes on real estate 920 81

State taxes on premiums 21 . 665 70

Insurance department licenses and fees 7,310 34

All other licenses, fees and taxes :

Federal corporation tax $10 71

City and county taxes 3,970 11

^IscellaLeous taxes 536 79



Other disbursements:

Care of garden, $292.20 ; electric power, $94.22 $386 42

Heating 391 50

Lighting 620 36

Office and janitor's expenses 893 74

Printing equipment 2, 668 78

'Jravollng expenses of officers and clork.s.... 1,458 86

Subscriptions to publications 178 68

Paid on note 90,000 00

All other expenses 1,672 35



4,517 61



97.770 69



Deposit premiums returned 429 77

Paid stockholders for interest or dividends (amount declared

during the year, $66,000) 65,979 60

Agents' balances charged off 1 13

Gross loss on sale or maturity of ledger assets :

Real estate $743 55

Bonds 2.530 91



3,274 46



Total disbursements $1,629,037 13

Balance $8,107,826 08



LBDGBR ASSBTS.

Book value of real estate $105,036 19

Mortpigo lonns on rf«l estate rtrs*t Hens 716.525 00

Loans secured by pledge of bonds,, stocks or other

collateral 96.070 00

Book vnUie of bonds, $1,372,483.81. and stocks,

$479,013.90 1.851.497 71

Cash In company's office $103 45

Deposits in trust companies and

banks not on hiterest 1,317 91

Deposits in trust companies and

banks on interest ; 82.507 44

88,928 80



Digitized by



GoogI(



CAMDEN FIRE INS. CO. 315

Agents* balances representing business written

subsequent to October 1, 1913 252.143 08

A^nts* balances representing business written

prior to October 1. 1918 1,421 00

Bills receivable, taken for fire risks 355 20

Other ledger assets :

Cash deposit with Philadelphia Underwriters

Association s 100 00

Cash deposit with Western Sprinkled Risk As-
sociation 500 00

Cash deposit with Cotton Insurance Association 250 00

Total ledger assets $3, 107,826 98



NONLBDGER ASSETS.

Interest due, $372.25 and accrued, $10,023.74 on

mortgageK $10,395 09

Interest accrued on bonds 18,667 01

Interest accrued on collateral loans 504 73

Interest accrued on bank deposits 619 89

Total 7T 30,187 62

Gross assets $3,138,014 60



DEDUCT ASSETS NOT ADMITTED.

Agents' balances, representing business written

prior to October 1 1913 $1,42100

Deposit with Western Sprinkled Risk Associa-

Uon 500 00

Deposit with Cotton Insurance Association 250 00

Book value of ledger assets over market value :

Real estate 6,086 19

Bonds and stocks 73, 401 71

81.608 90

Total admitted assets $3,056,405 70



LIABILITIES.

Gross losses adjusted and unpaid not yet due.. $411 77

Gross claims for losses in process of adjustment
or in suspense, plus $10,000; reserve for losses
incurred prior to December 31 of which no no-

tlce had been received on that date 161 ,667 54

Gross claims for losses resisted 3,625 00



Total $165,704 31

Deduct reinsurance due or accrued 22,620 93



Net amount of unpaid losses and claims $143,083 38

Gross premiums (less reinsurance) received and receivable upon

&n unexpired fire risks, $2.8.'*5,8S0.36 ; unearned premiums... 1,490,934 55
Amount reclaimable by the insured on perpetual Are insurance

policies, being 90 per cent of the premium or deposit received 28,028 73

Dividends declared and unpaid to stockholders 358 70

Salaries, rents, expenses, bills, accounts, fees, etc, due or ac-
crued 1,512 65

Estimated amount hereafter payable for federal state and other

taxes based upon business of the year of this statement 20,000 00

All. other liabilities : Fund for future contingencies 40,000 00



Total amount of all liabilities except capital $1,732,918 01

Capital actually paid up in cash $600,000 00

Surplus over all liabilities 723,487 69



Surplus as regards policyholders 1,323,487 69

Total liabilities ."$3,056,405 70



Digitized by



GoogI(



316



CAMDEi^ ntCE iMS. CO.



RISKS AND PREMIUMS. Grort

premiumB

Fire risks. thereon.

In force on the 31st day of December, 1912.. $256,320,414 |2, 831, 120 06

Written or renewed during the year 160,869,443 2,403,706 97

Excess of original premiums over amount re-
ceived for reinsurance 11,975 05

Total 1417,189,857 15,246,801 98

Deduct those expired and marlced off as ter-
minated 133,230,666 2.165,091 94

In force at the end of the year 1283,959,191 |3,081,710 04

Deduct amount reinsured 18,148,337 225,879 68

Net amount in force 1265,810,854 |2 , 855, 880 86

Perpetual risks not included above, 11,272,067 ; deposit premiums on same,
131,143.03.



RECAPITULATION OP FIRE RISKS AND PREMIUMS.




1913
1912
1913
1911
1912.
1913
1910
1911
1912
1913
1909
1910
1911
1912,
1913.



One year or less...

Two years

Two years

Three years

Three years

Three years

Four years

Four years i

Four years |

Four years I

Five years !

Five years I

Five years

Five years '

Five years |

Over five years ....!



Totals

Perpetual risks



Amount
covered.



GrosH


0£


premiums


charjred.


1 rt *


less re-


I ^s


Insurance.


£§



194.436,695

201,100

384.414

. 32.358.005

40,028,364

46,792,841

84,716

T2.558

. 33,450

30,26r>

7.928,870

8,983.9201

9,0«I>.93r»|

11,30N,082|

12,940,371}!

1,157,2671



Amount of
premium
unearned.



$1,102,655

1,741

3,663

313,824

395.192

446,462

697

862

234

232

94,733

108,231

106,623

127.229

143,561

9.981



1-2

1-A

3-4

1-6

1-2

5-6

1-8

3-8

5-«

7-8

1-10

3-10

1-2

7-10

'>-10



$205,810,8541
1.272,067



Grand totals..! $207,082,921



$2,855,830
31,143



361 P. R.



$551,327 97

435 38

2,747 47

52.304 14

197.596 42

372,052 43

74 69

323 39

146 53

157 52

9,473 31

32,409 51

53.312 65

80.060 77

12S»,205 17

9.247 U



36 ]

03 9-10 1



$2,880,973 39



$1,499,934 55
28,028 73



.1 $1,527,963 28

I



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.



"I

Gross risks written I

Less $477,781 risks cancelled. an«ll
$48,000 reinsurance in companiesi

authorized in Wisconsin |

1-



Fire. I Tornado. I Total.
_ _ I _ _ I

' "f r

$2,034,55^31 $78,200! $2,112,783



I
505,581 1



20,2001



525.781



Net risks written



Gross premiums on risks written....

Less $4,169.35 return premiums: and
$159.25 premiums for reinsurance
in companies authorized in Wis-
consin



$1,529,0021 $58.0001 $1,587,002

~$22.^r74l ^$470"lOr' ~$23yoil"84



Net premiums received



h



4.129 52|



199 061



4.328 60



Losses paid (deductinc: calvage)
Losses incurred



$18,412 22! $271 02' $18,683 24

"$4^"9o;?T7.T.T77r.~| ^hTwrTw

'"$6r287''4^ "T.T.T I $672S7'~47

I I



Digitized by



GoogI(



CAMDEN PIRE INS. CO.



317



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.

Premiums.

Total premiums, $1,579,271.71 less
$429.77 : !


$1,578,841 94
1,404,561 89




,


Add unearned premiums Dec. 31,
of previous year, and $27,620.17 re-
clalmable on perpetual- insurance..








1


Total


$2,083,403 83
1,527,903 28


I


Deduct unearned premiums Deo. 31,
end of the year, and $28,028.73 re-
claimable on perpetual insurance..


i

1


Premiums earned durin;? tlio year. . .


$1,455,440 55




UNDERWRITING PROFIT AND







LOSS ITEMS.

Gain from other underwriting income]

liOPs from agents' balances charged!

off I

I -
Gain from above i

Agents' balances and bills I

receivable not admitted |

Dec. 31, 1912 $909 25|.

Agents' balances and bills |

receivable not admitted |

Dec. 31, end of the year 2,171 001.



$31 00.
1 13'.



$29 87|.
I



Loss from above



I^oss from underwriting proBt und'
loss items I.



1.261 751.
1

I



1,231 88



Underwriting income earned during!
tile year (,



LOSSES. I

Losses paid 1

Deduct unpaid losses Dec. 31 of pre-)
vious year

Balance

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

I-



I-



$837,220 53
I
147,307 551.

^1

$689,918 981 .

143,083 381.

-I



$1,454,208 67



Losses Incurred during the year I I $823,002;



UNDERWRITING EXPENSES. 1 I

Underwriting expenses paid durlngi I

the year I $624,519 921.

Deduct underwriting expenses unpaid) I

Dec. 31 of previous year I 21,012 28'.

! 1

Balance I $603,507 64'.

Add underwriting expenses unpaidi I

Dec. 31, end of the year I 21,512 65).

I 1

Underwriting expenses incurred dur-I
ing the year I



I
I
625,020 291.



I
I

I 1

T'nderwrlting losses and expenses ...I I | 1.458,022 65

I I

Loss from underwriting during the' I I

year I ...l I $8,8is m



Digitized by



GoogI(



318



CAMDEN PIEE INS. CO.



UNDKRWRITING AND INVESTMENT EXHIBIT— Continued.



INVESTMENT EXHIBIT.
Interest and Rents.

Interest, divldendB and rents receired
during the year

Deduct interest, dividends and rents
due and accrued Dec. 31. eud of tlie
year



$132, (t28 17
30,004 03



Balance |102,624 14

Add interest, dividends and rents
due and accrued Dec. 31, end of thel
year 80,187 021

Add interest and rents paid in ad-
vance Dec. 31 of previous year 180 38



Total



PROFIT ON INVESTMENTS.
Gain froih sale of ledger assets . .



1133.002 14



66 25



Investment Income earned during tlie|
year 1 .



LOSS ON INVESTMENTS. I

I

TiOKs from sale of ledger assets I

Loss from change in difference be-j
tween book and market value dur-
ing the year I



$3,274 46
57.932 60



Loss on investments during the year).

I

INVESTMENT EXPENSES. '

Investment expenses paid during the;



-I



$133,007 39



$61,206 961.

!
I



year 1


7,005 72i.

1




1




Investment losses and expenses dur-l
lug the vear i


1
1


68,812 68


Gain from Investments during the!
year I


1-
1
)


$64, tM 71




_— . — _> — j_


MISCELLANEOUS EXHIBIT.

I
Dividends declared to stockholders!


1

Gain In |
Surplus. 1


Loss in
Surplus.



during the year |.

Increase In special reserve I .



Net loss from above



I



Total gains and losses in surplus dur-|

Ing the year

Surplus Deo. 31, 1912

Surplus Dec. 31, 1913



$66.000 00
20,000 00



$749,046 961.
723,487 69|.



I
$64,254 71 $89,818 98



Decrease in surplus during the yenrl.
Totals I.



«5,S59 271.



I



$88,818 98| $89,818 88

I



Per cent of losses incurred to premiums earned 67.20.
Per cent of underwriting expenses incurred to premiums earned 42.90.
Per cent of investment expenses Incurred to Interest and rents earned 5.T0
Per cent of total Ios-^bs and oxp^^BOi Incuwed ^oa atTjqw^8 4w|nr$a to
total tocom ejirnea loo.io,



Digitized by



GoogI(



CENTRAL NATIONAL PIRE INS. CO. 319



OENTBAL NATIONAL FIRE INStBANOE COMPANY,

Chicago, 111.

Home Office, 175 W. JACKSON BLVD.

[Incorporated March 6, 1909; commenced business March 8, 190*J.]

Date of admission into Wisconsin March, 1909.

PrFsident, JAMES B. HOBBS. Vice President, O. H. HOKTON

Secretary, F. M. RICE.

CAPITAL STOCK.

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

Amount of ledger assets, December 31 of previous year |701,161 65

INCOME.

Fire.

Gross premiums $524,654 13

Deduct reinsurance premiums, lire, $357,048.57 ;

return premiums, dre $114,578.45 471,627 02

Total premiums (other than perpetual) $53,027 11

Gross interest on mortgage loans, less $159.96
accrued interest on mortgages acquired dur-
ing the year $4,851 24

Gross interest on bonds and dividends on stocks,
less $413.89 accrued Interest on bonds ac-
quired during the year 21.376 16

Gross interest on deposits in trust companies

and banks 749 71

Gross interest from all other sources : Bills re-
ceivable 136 79



Total gross interest and rents. .â–  26, 613 90

From other sources :

Recovered on items previously charged to

profit and loss $651 48

Recovered from sale of furniture and fixtures 581 45

Commissions received over and above the

amount paid during 1913 8,844 66



9,577 58
Gross profit on sale or maturity of ledger assets: Bonds 872 80

Total income $90, 090 89

Total footings $791,252 54



DISBURSEMENTS.



Fire.



Gross amount paid policyholders for losses (in-
cluding $54,491.46 occurring in previous years) $378,118 93

Deduct amount received for salvage, fire,

$552.55; reinsurance, fire, $79,577.48 80,130 03

Net amount paid policyholders for losses $297,983 90

Expenses of adjustment and settlement of losses 10,421 52

Salaries. $7,911.63, and expenses, $9,092.47, of special and gen-

erfa »gentf . , . t f t , . , • • m 1 1 • • < 1 1 1 )7.004 IQ



Digitized by



GoogI(



320



CENTRAL NATIONAL FIRE INS. CO.



Salaries, fees, and all other charges of officers, directors, trus-
tees and home office employes 43,481 08

Rents 6,981 28

Advertishitf, J|;592.06; printing und stationery, H.122.04 4,714 10

Postage telegrams, telephone and express 4,339 73

l^gal expenses 2, 547 22

Maps, including corrections 56 65

Underwriters' boards and tariff associations 5,923 44

i«ire department, fire patrol and salvage corps assessments, fees,

taxes and expenses 1,853 81

Inspections and surveys. . . ., 711 49

Taxes on real estate 10 24

State taxes on premiums , 9, 266 17

Insurance department licenses and fees 6,665 80

All other licenses, fees and taxes: Special assessment 120 64

Other disbursements : Miscellaneous expense 6,472 76

Grogs loss on sale or maturity of ledger assets: Bonds 11,214 68

Total disbursements $428,718 61

Balance 1362,633 93



LEDGER ASSETS.

Book value of real estate |100 00

Mortgage loans on real estate 64,580 00

Book value of bonds, $210,208.48, and stocks,

$7 700.00 217,908 48

Cash in company's office $3,698 43

Deposits in trust companies and

banks not on interest 4,411 02

Deposits in trust companies and

banks on interest 21,948 63

80,058 08

Agents' balances representing business written

subsequent to October jl, 1913 37,648 77

Agents' balances representing business written

prior t> October 1, 1013 f?,055 58

Bills receivable, taken for fire risks 6,288 02

Total ledger assets $362,538 93



NON-LBDGBR ASSETS.

Interest due, $530.00 and accrued, $972.62 on

mortgages $1 ,502 62

Interest accrued on uonds 3,826 74

Interest accrued on other assets Ill 30

5.440 66

Other non-ledger assets :

Accrued profits local agency $5,232 54

Accrued profits general agency 959 25

Accrued rents due company 489 50

Accrued expense due company from Douglas

Bros. & Kice 390 07

7,071 86

Due from reinsurance companies on paid losses 2,369 26

Gross assets $377,415 21



DEDrCT ASSETS NOT ADMITTED.



Agents* balances, representing business written
prior to October 1, 1913

Bills receivable past due, taken for marine. In
land and fire risks

Book value of ledger assets over market value..

Deposits in Carnegie Trust Co., N. Y



Total admitted assets.



$5,955 58

3,475 09

9,495 60

382 89



19,309 16
$858,106 06



Digitized by



GoogI(



CENTRAL NATIONAL FIRE INS. CO.



321



LIABILITIES.

Oroes losses adjusted and unpaid not yet due.. $14,902 18
Gross claims for losses in process of adjustment

or in suspense 14,146 75

Gross claims for losses resisted 700 00



Total

Deduct reinsurance due or accrued.



$29,748 93
7,811 80



Net amount of unpaid losses and claims $21,937 07

Gross premiums (less reinsurance) received and receivable upon

all unexpired risks, $115,549.46 ; unearned premiums 59,533 04

Salaries, rents, expenses, bills, accounts, fees etc., due or ac-
crued 135 94

Estimated amount hereafter payable for federal, state and other

taxes based upon business of the year of this statement 1,500 00



Total amount of ail liabilities except capital



Capital actually paid up in cash.
Surplus over all liabilities.



$200,000 00
75,000 00



$83,106 05



Surplus as regards policyholders.
Total liabilities



275,000 00
$3.'>8,106 05



RISKS AND PREMIUMS.



t'ire risks.

In force on llio .list day ol D<*ctniber. 1012.. $63 . 007 . 62."i

Written or renewed during the year 39,629,579

Total ; $103,537,204

Deduct those expired and marked off as ter-
minated 48,830,352

In force at the end of the year $54,706,852

Deduct amount reinsured 45,180,831

Net amount in force $9,526,021



Gross

premiums

thereon.

$7.32.160 47

524,654 13

$1,256,814 60

544,069 04

$712,745 66
597,196 10

$115,549 46



RECAPITULATION OV FIRE RISKS AND PREMUrMS.



^'e»r
willlen.



1913..,.
1912. . . .
1913....
1911....
1912. . . .
1913. . . .
1910. . . .
1911....
1912....
1913....
1909....
1910....
1911..^.
1912. . . .
1913. . . .



Term.



' Gross

,^JiA^ charjred,

covered. i^^s re-

insurance.






Amonnt of
premium
unearned.



One year or less

Two years

Two years

Three years

Three years ....

Three years

Four years

Four years

Four years

Four years

Five years

Five years

Five years

Five years

Five years



$5,465,6J0

45,080

23,895

953.2081

1.145,7731

1,403.9801

12.3491

0,500!

500'

5,6671

9 742|

114,1171

174.377'

86,9181

78,260



$77,730 7."*

.391 47

207 77

7,920 OT

10,053 98

12,,S40 65

185 28'

49 201

4 50

53 59

153 32

1.606 54

2.271 25

1.. 317 061

1,263 131



1-2


$38,865 38


1-4


97 87


3-4


155 85


1-6


1,320 16


1-2


5,026 99


5-6


10,283 90


1-8


23 16


3-8


18 45


5-8


2 85


7-8


46 83


1-10


15 3.3


,3-10


481 95


1-^


1,135 63


7-10


921 90
1,130 T9


a-10



Totals



$9,526.0211 $115, W9



1-



f39,S33<H



n— In».— I



Digitized by



GoogI(



322



CENTRAL NATIONAL FIRE INS. CO.



BUSINESS IN THE STATE OF WISCONSIN DURIN<f THE YEAR.

Fire.

Gross risks written $18,186 04

Less $2,627.00 risks cancelled, and $3,795.02 reinsurance in com-
panies authorized in Wisconsin 7,432 02

Net risks written , ^ $10.75 3 02

Gross premiums on risks written $25,405 06

Less ,^5,:)5t;.7(> riMurn promlunis : nod $4.SH8.15 premiums for

reinsurance in companies authorized in Wisconsin 10,794 91

Net premiums received $14,610 14

Losses paid (deducting salvage) $5,669 96

Less losses on risks reinsured in companies authorized in Wis-
consin 582 66

Net losses paid $5.087 30

Losses incurred $5, 694 96

Less losses on risks reinsured In companies authorized In Wis-
consin 582 66

Net losses Incurred $5, 112 30



UNDERWRITING aKd INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.



Total premiums

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

Total

Add unearned premiums Dec.
of previous year



I-



$53,027 111.
11.514 861.



.1.



-I



31.'



Total I $388,204 171.

Deduct unearned premiums Dec. 31.1 I

end of the year ( 69.533 04|.



I
$64,541 97 1.

323.662 201



I-



Premluros earned during the year ..1 1 $328,671 13J.



I



UNDERWRITING PROFIT AND I
LOSS ITEMS. t

Gain from agents' balances previously I
charged oflf, $651.48 and from other!
underwriting Income. $15,997.46 ...|

Agents' balances and bills t

receivable not admitted



I

I

$16,648 941.



Dec. 31, 1912

Agent.s' balances and bills

receivable not admitted

Dec. 31, end^of the year



$2,456 401 • I.



!
9,430 671.



I



Loss from above



-I



I
6,974 21!.



Gain from underwriting profit and!
loss items I



-I



I
9.674 73!.



Underwriting Income earned during]
the year ,..,.,,,,,..,,., , , .



$388.943 80



Digitized by



GoogI(



CENTft.VL NATIONAL FIRE INS. CO.



323



UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



LOSSES.



Losses paid

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

Balance

Add salvage and reinsurance recover-
able Dec. 31 of previous year....



2,360 26



1205,614 61
1,803 77



^^ ToUl I $297,41841

Deduct unpaid losses Dec. 31 of pre-
vious year 51,725 84



Balance j $245,602 57

Add unpaid losses Dec. 31. end of thei
y«ar , I 21,037 07

Losses Incurred during the year . . .



UNDERWRITING EXPENSES.



Underwriting expenses paid during
the year

Deduct underwriting expenses unpaid
Dec. 31 of previous year



Balance

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

Underwriting expenses incurred dur-
ing the year



$110,500 70
5,000 00



$114,500 70
1,635 04



Underwriting losses and expenses ...I.

Loss from underwriting during the!
year i.



$267,620 G4



116,145 73



INVESTMENT EXHIBIT.
Interest and Rents.

Interest, dividends and rents received
during the year

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

year

I-
Balancc |

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



$26,613 00
10.616 44



388,775 87



$15,420 61



Total



!-



$15,007 461.

I

5,440 66|.



PROFIT ON INVESTMENTS.

Gain from sale of ledger assets ...

Investment income earned during the]
y^r ., , ,.....,



$21,438 12<.



872 30



$22,310 4^



Digitized by



GoogI(



324



CENTRAL NATIONAL PIRE INS. CO.



UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



LOSS ON INVESTMENTS.



Loss from sale of ledger assets I

Loss from decrease In book value ofj

ledger assets

Loss from change in difference l>e-|
tween book and market value dur-J
Ing the year I

Loss on investments during the year).

I
I

INVESTMENT EXPENSES. I

Investment expenses paid during the|
year |.



Investment losses and expenses dur-
ing the year



Gain from investments during the
year



$11,214 68 .

382 89|.
I
I
3.499 471.



$15,007 04



10 34!.

1



15,107 28



$7,803 14



MISCELLANEOrS EXHIBIT. I



Total gains and losses in surplnsi

during the year I .

Surplus Dec. 31. 1912 1

Surplus Dec. 31, 1913



Gain iu
Surplus.



I-
Decrease in surplus during the year|.

I
I.



$113,226 37'.
75,000 001 .



Totals



t



Loss in
Surplus.



$7,803 141 $46,480 61



88.886 87;

-I-



$46,480 611 $46,480 61



1



Per cent of losses incurred to premiums earned 81.42.
Per cent of underwriting expenses incurred to premiums earned 35.33.
Per cent of total losses and expenses Incurred and dividends declared to