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Wisconsin. Dept. of Insurance.

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authorized iu Wisconsin



I
$117,700 0(rt $1,200 00



0.909 00



Net risks written



-l-



$107,701 00]



Gross premiums on risks written ...I

Less $35.38 return premiums; and|

$28.87 premiums for reinsurance In I

companies authorized in Wisconsin!



$1,212 88



64 25



Net premiums received



$1,148 58



$118,000 00
9.099 00



$1,200 00^ $108,901 00



$5 76



$5 76



$1,218 50
64 25



$1,154 84



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT. I

Premiums. I

I

Totnl premiums I

Deduct unearned premiums Dec. 31.|
end of the year I

Premiums earned during the year...!.



$74,685 90
48,745 98



I'NDERWRTTTNG PROFIT AND I
LOSS ITEMS. I

I

Agents' balances and bills receivable!
not admitted Dec. 81, 1912 |.



T'nderwritlng Income earned during*
the year '.



LOSSES.



I



T,oR«cs paid !

Deduct salvage and reinsurance re- 1
eoverable Dec. 31, end of the year I

Balance I

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

Losses Incurred during the year



I



UNDERWRITING EXPENSES. I

I

Underwriting expenses paid during!

the yen r I

Add underwriting expenses unpaid!

Dec. 31, end of the year, tax re-!

serve. $1.9C3.12: unpaid bills,'

f443.05 , I



$5,872 66 .

1,657 06 .

-I



$4,315 601.
I

7,870 67|.



.1



$98,753 421.

I

2.406 17 .



$25,889 92'



1.389 58!



$12,186 17



$24,550 34



Digitized by



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COLUMBLVN NATIONAL FIRE INS. CO.



351



UNDERWRITING AND INVKSTMENT EXHIBIT— Continued.



Underwritlnp expenses Incurred dur-l
Ing the year !



Underwriting losses and expenses ..I.

Less from underwriting during the|
year I .



101,159 59!






INVESTMENT EXHIBIT. I

I
Interest and Rents. |

I

Interest, dividends and rents receivedl
during tbe year |

Add Interest, dividends and rents duel
and accrued December 31, end ofl
the year |



$17,168 721
18.806 851



Total



LOSS ON INVESTMENTS.



Loss from sale of ledger assets I

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

I-oss on investments during the year!.



$17 531
3,817 551



INVBSTAIJBNT EXPENSES.



Investment expenses paid during the)
year I

Add investment expenses unpaid Dec.'

31, end of the year I

I-

Investment expenses Incurred during!
the year ! .



$3,091 461

100 001



Inve^^tinentR los.ses and expenses dur-l
ing the year I .



Gain from investments during thel
year • .



MISCELLANEOUS EXHIBIT.



Total gains and losses In surplus)

during the year I.

Surplus Dec. 81, 1912

Surplus Dec. 31, 1913 1



$328,554 571
268,070 18)



Decrease in surplus during the year'.



Totals



$3,865 081



3.79i 46!



Gain in
Surplu-^.

$28,811 081



60,484 39l



f



$88,795 481



113.345 76



$88,795 48



$35,970 57



7.659 54



$98,811 08



Loss in
Surplus.

$88,795 4«



$88,795 49



Per cent of losses incurred to premiums enmed 47.07.
Per cent of underwriting expenses Incurred to premiums earned 39.07.
Per cent of Investment expenses incurred to interest and rents earned 10.56.
Ppr cent of ^otnl 1'^««jps and expenses incurred and dividends declared to
total Incopa^ earned 199.94,



Digitized by



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352 COMMERCE INS. CO.



COMMERCE INSURANCE COMPANY,

Detroit, Mich.

Home Office. 57 STATE STREET.

[iDcorporated Jane 1, 1859; commenced business June 1, 1859.]

Date of ndmissioD into Wisconsin, June 1, 1866.

I'fjyident. K. l>. .IKNiSON. Vice rnsldent. F^IIANK VAN IIENTIIUYSEN.

Secretary, ADDISON J. IIINMAN.

CAPITAL STOCK.

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

.\mount of ledger assets, December 31 of previous year $722,009 45

INCOME.

Fire.

Gross premiums $864,069 41

Deduct reinsurance premiums, fire, $50,656.44 ;

return premiums, fire, $54,537.96 114,194 40

Total premiums (ottier than perpetual) $249,875 01

Gross interest on mortgage loans $1,542 33

Gross interest on l>ond8 and dividends on stocks
less $123.75 accrued interest on bonds ac-
quired during the year 27,367 84

Gross interest on deposits in trust companies and

banks 510 36

Gross interest from all other sources : Rights on
Great Northern Prfd R. R. Co., $220.00 ; rights
on Pennsylvania R. R. Co., $1S2.S1 402 81

Gross rents from company's property, inchiding
$2,000.00 for company's occupancy of its own
buildings 12,694 01



Total gross interest And rents 42,517 35

pross profit on sale or maturity of ledger assets : Bonds 200 00



Total income $292,592 36



Total footings $1,014,601 81

DISBURSEMENTS.

Fire.

Gross amount paid policyholders for losses (in-
cluding $22.59S.(M» occurring in previous years) $153,722 74

Deduct amount received for salvage fire, $713.13 ;

reinsurance, $25,735.20; discount. Are, $196.00 26.644 45

Net amount pnld polir\ holder.^: for losses $127,078 20

Expenses of adjustment and settlement of losses 8,159 81

Commissions or brokerage 59,839 w,

Salaries. $2,10(» nnd exT^enpcH, $l,8ri6..no, of six^clal and general

agents 8,986 56

Balaries, fees, and all other charges of officers, directors, trai-

teei and home office employes , , , f f « * * . • )9t474 91



Digitized by



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COMMERCE INS. CO. 353

Rents, including $2,000 for company 8* occupancy of Its own

buildings

Advertising, $444.17 ; printing and stationery, $5,101.45

Postage, telegrams, telephone and express

Legal expenses

Maps including corrections

Underwriters* boards and tariff associations

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

taxes and expenses

Inspections and surveys

Repairs nnd oxpou^cH (other than taxes* on real estate

Taxes on real estate

Htate taxes on premiums

Insurance department licenses and fees

All otuer licenses, fees and taxes; federal corporation tax

Paid stofK holders for interest or dividends (ajuount declared

during the year)

Gross los^ on b-a'c or rantuiity of ledcrer assets* Stocks

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

Stocks 9,150 00



2,000 00


5,545


U2


2,404


42


443


80


1,244 09


2,317


73


1,349


14


074


24


4.;?52


13


2,451


53


5,094


65


2,368


58


257 58


20,000 00


3,220


00



Totol disbursements $275,432 38



Balance $739,169 43



LEDGER ASSETS.

Book value of real estate $75,000

Mortgage loans on r(^l estate ilrst liens 30,800 00

Book value of bonds, $318,534.50, and itocks,

$236,869.25 554,403 75

Cash Id company's office $1,681 93

Deposits in trust companies and

banks not on interest 34,463 68 36,145 61



Agents' balances representing business written

subsequent to October 1, 1913 41,857 82

Agents' balances representing business written

prior to October 1, 1913 962 25

Total ledger assets $739, 169 43



NON-LEDGER ASSETS.

Interest accrued on .Tiortgagcs $262 50

Interest accrued on bonds .3,426 75

Rents accrued on company's property or lease. . 337 51

Total 4,026 76

Marke*^ value of rejil estate over liook value 25,000 00

Concord. N. II. Northern N. Y. Jakor Ins. Co., Moscow, Russia.

Pittsburgh Underwriters, Pittsburg, Pa 2.934 18

Re-ins. ou losses paid (.Inker Ins. Co. M<*scow, Russia) 2.469 13

Gross assets $773,599 50



DEDUCT ASSETS NOT ADMITTED.

Ag<»nts' halnnreji, rei>resentinff business written

prior to 0':tol»er 1, 101.1 $9G2 25

Book value of le<lger assets over market value.. 22.24G 25

23,208 50



Total admitted assets $750. 391

23— Ins.— I



Digitized by



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354



COMMERCE INS. CO.



LIABILITIES.

Gross losses adjusted

Gross claims for losses in process of adjustment
or in suspense, plus SIOO.OO ; reserve for
losses Incurred prior to December 31 of which
no notice had been received on that date

Gross claims for losses resisted



Total

Deduct reinsurance due or accrued.



12,490 15



18,035 00
2,353 45

$22,878 60
2,499 74



Net amount of unpaid losses and claims |20,378 86

Gross premiums (less reinsurance) received and receivable upon

all uneypired fire risks, $irtr),:{61.18 ; unearned premiums.... 243,585 23
Salaries, rents, expenses, bills, accounts, fees, etc., due or

accrued 300 00

Estimated amount hereafter payable for federal, state and

other taxes based upon business of the year of this statement 4,200 00

Commissions, contingent or other charges due or accrued 197 60

Reinsurance and return premiums due other companies 8.452 83

All other llHbilitJes, talcen on real estate 2,200 00



Total amount of all liabilities except capital.



Capital actually paid up in cash.
Sui-pluH over all liabilities.



$200,000 00
271,078 48



$279,312 52



Surplus as regards policyholders.
Total liabilities



471.078 48
$750,391 00



RISKS AND PREMIUMS.



Fire
risks.
In force "n the rJIst day of Dpcember, 1912... $62,817,129

Written or renewed during the year 37,883,552

Excess of original premiums over amount received
for reinsurance

Total $100,700,681

Deduct those expired and marked off as terrai-

nattd 44.204,975

In force at the end of the year $56,495,706

Deduct amount reinsured 8,293,918

Net amount in force $48,201,788



Gross
premiums

thereon.
$523,956 8.5

864,069 41

368 12

$888,394 38

335,324 76

$553,069 62
87,708 44

465.361 18



Digitized by



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COMMERCE INS. CO.



355



RECAPITULATION OF FIRE RISKS AND PREMIUMS.



Year
written.


!

Term. 1 Amount
i covered.

1


Grof.s
premiums
charsred,
les"* re-
ins, ranee.


II

£5


Amount of
preo*ium
uiieariiOd.


1913

1913

1912

1913

1911

1912

1913

1913

1910

1911

1912

1913

19f9


One year or less . . .
One year or less ...

Two jears

Two years

Three years

Three years

Three years

Three years

Four years

Four jcars

Four years

Four years

Five years


$13,181,442

35,899

82,249

34.492

6.549.378

8.822.514

9.622,797

24,750

137.073

61.120

46.283

42.200

1.476,481

1.700,099

1,938.104

2,105,817

2,313,600

24.750


$148,523 40

258 14

855 50

583 17

55.273 29

70.943 61

77.401 28

297 48

1,010 02

796 84

563 49

517 35

17.467 49

19.834 72

23.349 38

23.065 17

24.321 45

300 00

39 40


1-2

100

1-1

3-4

1-6

1-2

5-6

100

1-8

3-8

5-8

7-8

1-10

a-10

1-2

7-10

0-10

100

PR.


74,261 70

258 14

213 88

437 38

9.212 22

35.471 80

64,601 07

257 48

126 25

298 82

352 18

452 66

1.746 75


1910

1911

1912

1913

1913


Five vears


5.050 42
11.674 69


Five years


ii^ivA venrs .


16.146 62

21.889 31

300 00


Five vears


Five vears


Over five years

Totals


2.800


32 84


^48.201,788


465,361 18





$243,583 23



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.

Fire.

Gross risks written $1.003»193 00

Less .«08.560.0O risks canceMe<l, and $25,465.00 reinsurance In-

compaiiies authorized In Wisconsin 124.025 00

Net risks written $879,168 00

Gross premiums on risks written $11,543 04

Less $1,188.51 return premiums ; and $387.04 premiums for re-
insurance in companies authorized in Wisconsin 1,575 55

Net premiums received $9, 967 49

Losses paid (deducting salvage) $2,898 66

Losses incurred $2,321 81



Digitized by



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356



COMMERCE INS. CO.



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.



I



I



Total premiums I $249,875 011

Add unpaid return and reinsurance! I

premiums Dee. 31 of previous year' 7,056 10!



Total I

Deduct unpaid return and relusilr-l
ance premiums Dec. 81, end of the
year I



Balance

Add unearn^ premiums Dec.
of previous year



31!



I
f 256,9:51 11'.

I

8,452 &T.

1

$248,478 281.

238,744 861.



Total I

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

Premiums earned during the year ..'.



UNPERWPTT'iNn T>ROPIT AND '

LOSS ITEMS. I

Agents' balances and bills

receivable not admitted I

Dec. 31. 1912 $867 371.

Agents' balances and bills I

receivable not admitted 1

Dec. 31, end of the year 962 25|.



-!



$487,223 14!
243,583 23



.1.



I
$243,689 911.



Loss from above



.1.



94 88



Underwriting income earned during'
the year ' •



$243,545 03



LOSSES.



Looses paid I $127,078 291 1

Deduct salvage and reinsurance re-l ! I

coverable Dec. 31, end of the year! 2.469 13! 1

! 1 i

Palance I $124, 609 161 i

Add salvage and reinsurance recover-) I I

able Dec. 31 of previous year I 1.405 731 '



Totnl '

Deduct unnaid losses Dec. 31 of pre-!
vlous year '

Balance ' $101,063051.

Add unpaid losses Dec. 31, end of the! '

year ! 20.378 861.



I

$126,014 80' I.

T I

24.951 84! '.

-I I



I



I



Losses Incurred during the year • ' $121,441 91!.



UNDERWRITING EXPENSES.



1



Underwriting expenses paid duringi I

the year 7. I $107,073 63'

Deduct underwriting expenses unpaldl i

Dec. 31 of previous year I 4.933 00!

Bal«nce I $102,140 63!

Add nnderwriting expenses unpaid) I

Dec. 31. end of the year I 4.607 601



Underivrltlng expenses Incurred dur-l
ing the year '•



Underwriting losses and expenses ...^

Gain from nnderwriting during the!
year I •



I

I

106.838 23).

1

I



228,280 14



$15,«64 9B



uiyiLizeu uy ■



d'"



COMMERCE INS. CO.



357



UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



INVESTMENT EXHIBIT.
Interest and Rents.



1



Interest, dividends and rents rcceivedl
durlDg th^ year |

Deduct Interest, dividends and rents,|
due and accrued Dec. 31, end of thej
year |

Balance |

Add Interest, dividends and rents due
and accrued Dec. 31, end of the!
year |



I



$12,517 36
4,598 32



$37,919 03
4.026 76



Total

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



.!•



Investment Income earned during the
year ,



LOSS ON INVESTMENTS.



Loss from sale of ledger assets ...

Loss from decrease in book value of
ledger assets

Loss from change In difference 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

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



$3,229 00
9,150 00

15,318 50



$7,888 16
2,117 00



Investment expenses incurred during
the year



$5,771 16
2,200 00



$11,915 79



200 00



$27,697 50|.

I
I



I
7,971 161 .



Investments losses and expenses dnr-j
ing the year |,



Gain from investments during tbel
year 1.



$42,145 79



35,668 66



MISCELLANEOUS EXHIBIT. '

Dividends declared to stockholders!
during the year I.



Total gains and losses in surplus

during the year

Surplus Dec. 31, 1912

Surplus Dec. 31. 1913



Increase In surplus during the year
Totals



$360,336 46'
2n,078 481



Gain in
Surplus.



^1 ^,477 18

I Loss in
I Surplus.

$20,000 00



$n,74» 02 .



$21,742 02



$21,742 M



$21,742 02



Per cent of losses incurred to premiums earned 49.8.
Per cent of underwriting expenses incurred to premiums earned 43.8.
Per cen*^ of investment expenses incurred to Interest and rents earned 19.
Per cent of total losses and expenses Incurred and dividends declared tc
totil Income earned 90.



Digitized by



GoogI(



358 COMMERCIAL UNIOK FIRE iWS. CO.



COMME&OIAL UNION FIRE INSUBANCE C0MPAIf7,

New York City.

[Incorp'^rntcd October :iO. 1890. Commenced business April 1, 1891.]

Date of admisKion Into Wisconsin. July, 1895.

Home Oiflce, 55 JOHN STREET.

Pr.'sident. A. H. WllAY. Vice President, C. J. HOLMAN.

Secretaj-y C. J. HOLMAN.

CAPITAL STOCK.

Amount of capital paid up in cash $200,000

Amount of ledger assets December 31 of previous year $1,054,482 45

INCOME.

Fire.

Gross premiums $809, 322 68

Deduct reinsurance premiums, Are, $210,050.50;

return premiums, fire, $168,063.70 378,114 20

Total premiums (other than perpetual) $431,208 38

Gross interest on bonds and dividends on stocks,
less $552.11 accrued interest on bonds acquired
during the year $36,567 89

Gross interest on deposits in trust companies and

banks 862 87

Total gross interest and rents 37,430 76

Gross profit on sale or maturity of ledger assets.

Bonds $496 30

Stocks 16 40 512 70

Total income $469,151 84

Total footings $11,523,634 29

DISBURSEMENTS.

Gross amount paid policyholders for losses (in-
cluding $44,248.45 occurring in previous
years) $315,769 31

Deduct amount received for salvage, fire

$2,148.96 ; reinsurance, fire, $100,072.30 102,221 26

Net amount paid policyholders for losses $213,548 05

Expenses of adjustment and settlement of losses 4,038 85

Commissions or brokerage 111,852 53

Eyponses of special and pencral agents 7,541 90

Salaries, fees, and all other charges of officers, directors trustees

and home office employes 5, 690 26

Advertising. $31.10; printing and stationery, $4,602.24 4.633 34

Postage, telegrams telephone and express 1,442 04

Maps, including corrections 548 00

Underwriters* boards and tariff associations 4,358 88



Digitized by



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COMMERCIAL UKI6>J FIRE INS. CO. ^59

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

taxes and expenses 4,973 22

Inspection and surveys 1,739 05

State taxes on premiums 5,767 52

Insurance department licenses and fees 3,952 00

Federal corporation tax |703 99

State and municipal licenses and fees 1,479 11

Franchise tax 580 52



2,763 62

Exchange 899 21

Paid stockholders for interest or dividends 20,000 00

-\j?ents' balances ohartred off 1,4S2 22

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

Bonds $865 75

Stocks 1,159 40



2,025 16



Total disbursements $396,725 34

Balance $1,126,908 95



LEDGER ASSETS.

Book value of bonds, $842,077.39, and stocks.

$89 910.03 $931,987 42

Cash in company's office $28 34

Deposits in trust companies and

banks on interest 75,856 58

75,879 92

Agents* balances representing business written

subsequent to October 1. 1913 116,096 50

Agents' balances representing business written

prior to October 1, 1913 2.945 11



Total ledger assets $1,126,908 95

NON-LEDGER ASSETS.
Interest accrued on bonds 9,274 00



Gross assets $1,136,182 95



DEDUCT ASSEl^ NOT ADMITTl'D.

Agents* balances, representing business written

prior to October 1, 1913 $2,945 11

Book value of ledger assets over market value :

Bonds and stocks 43,800 42

46,745 53



Total admitted assets $1,089,437 42



LIABILITHJJS.

Gross losses adjusted not yet due $3,345 00

Gross claims for losses in process of adjustment
or in suspense, plus $900.00 ; reserve for losses
incurred prior to December 31 of which no

notice had been received on that date 70,860 00

Gross claims for losses resisted 2,850 00



Total $77,055 00

Deduct reinsurance due or accrued 32,773 00



Net amount of unpaid losses and claims $44,282 00

Cross premiums (less reinsurance) received and receivable upon
all unoypiit'd lire risks, imearni'<l premiums, per recnnltula-
tion, $814,140.84 436,006 70



Digitized by



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360



COMMERCUL UNION PIRE INS. CO.



Salaries, rents expenses* bills, accounts, fees, etc., due or accrued 716 00
fiistl mated amount hereafter payable for federal, state and other

taxes based upon business of the year of this statement 7,850 00

Commissions, contingent or other charges due or accrued 6,801 00



Total amount of all liabilities, except capital.



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



$200,000 00
393,002 72



$496,344 70



Surplus as regards policyholders.



593,092 72

ToUl liabilities $1,089,437 42



RISKS AND PREMIUMS.



Fire risks.

In force on the .list day of December, 1012.. $94,700,850

Written or renewed during the year 80.915,392

Total $,75,616,242

Deduct t'lose expired nnd marked off as ter-
minated 70,676.791

In force at the end of the year $104,939,451

Deduct amount reinsured 22,696,039

Net amount in force $82,243,412



Gross
premiums
thereon.
$962,534 42
809.322 58

$1,771,857 00

693.883 01

$1,077,973 09
263.832 26

$814,140 84



RECAPITULATION OF FIRE RISKS AND PREMIUMS.



Year
written



Term.



Amount
covered.



flros*
premtiims
rhanred.
lesH re-
insurance.



Amount of
premium
uneam' d.



1913...
1912...
1913. . .
1911...
1912...
1913...
lO'O...
1911...
1912...
im.1...
1909...
1910...
1911...
1912...
1913...



One year or less

Two yeanv

Two years

Three years

Three years

Three years ....

Four years

Four years

Four yenrg

Four years

Five years

Five i'ears

Five years

Five years

Five years

Over five years .



Totals



$31,449,220^

689.0171

923.2851

8.546.735

11, .365.123

15.723 540

179 035

93.291

iwaoi

252 415
1.623.787
2.170,765
2.6*1.490
2.900.219
3,545.408
9.1911



$308,989

6.628

7,413

88.484

104.169

137.285

2,267

1.547

1.421

2 927

20.342

27.731

30.447

37.356

43.020

111



.1 $82,243,4121

! I



$814,140 84(.

I



82' 1-2
111 1-4
96| 3-4
401 1-6
76' 1-2
941 5-6
59' 1-8
231 3-8
501 5-8
211 7-8
791 1-10
851 3-10 I
321 1-2 '
431 7-10 I
64l 9-10 I
29' P. R. I
-I-



$154,494 01

1.406 78

6.660 47

13.914 07

52.084 88

114,404 d5

283 45

580 21

888 44

2.561 31

2.034 28

8.319 rV5

15.223 66

26.149 RO

38.718 58

72 66



$436,696 70



Digitized by



GoogI(



COMMERCIAL UNION FIRE INS. CO.



361



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.



Fire.



Tornado.



Total.



GrojJs risks written

LeM $f61,191> risks cancelled, and
$578,606 reinsurance In companies
authorized in Wisconsin



Net risks written



Gross premiums on risks written
T^HH $3.'4ft.80 return premiums; and
$6.971.{>3 premiums for reinsurance
in companies authorized in Wiscon
sin



1=



$3,080,315 00

1.199.305 00
001



$100,770 00
40,500 00



$3



,137,085 00
,239,805 00



$1,837,010 (



Net premiums received



I-



$30,437 631



10.647 081



$60,270 001 $1



897,280 00



T^o^nes pnld (deducting: snlvnire) ...
Less losses on risks reinsured in com-
panies authorized in Wisconsin ..



i $19.790 551 _ $2^_76l_
$8,"592~34| """



$357 Oil $30,791 W

I

74 251 10,721 33

-I-



$^.073 31



1,120 991



$7 501
5 621



Net losses paid



LoR'ies Incurred

Lens losses on rinks reinsured in com
panics authorized in Wisconsin ..



Net losses Incurred



$7,471 351



$18,006 061

I

1,120 091



=1===



$1 88



=1 =



$7 501
5 621



.1



$16,975 071

I



$8,599 84
1,128 61



$7,473 23



$18,103 50
1,126 61



$1 881 $16,976 95

I



Digitized by



GoogI(



362



COMMERCIAL UNION FIRE INS. CO.



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.

Premiums.

Total premiums

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



Total

Add unearned premiums
of previous year



Dec.



Total

Deduct unearned premiums Dec. 31,
eud of tbe year

Premiums earned duringr tbe year




UNDERWRITING PROFIT AND
LOSS ITEMS.

Lo»8 from agents* balances charged
off I

Afrent««' balances and bills
receivable not admitted
Dec. 31. 1912 $3.797 21

Agent«(' balances and bills i

receivable not admitted I

Dec. 31, 1913 2,945 11|



-I



Gain from above

Loss from underwriting profit and!
loss items I



$406,210 481.



$1,452 22



.1.



852 lo;.



Underwriting income earned during
the year I



I
600 121.

1



$407,610 36



LOSSES. j

I

Losses paid I

Deduct unpaid losses Dec. 31 of pre- 1

vious year j

I-

Balance )

Add unpaid losses Dec. 31, end of the|

year |

I-
Add unpaid losses Dec. 31, end of tbel
year ' .



$213,548 051
37,628 00!



$175,920 051
44.282 001



UNDERWRITING EXPENSES.



I



Underwriting expenses paid during]
the year I

Deduct underwriting expenses unpaid!
Dec. 31 of previous year I

Balance I

Add underwriting expenses unpaid]

Dec. 31. end of the year |

I-
Underwritlng expenses Incurred dur-'
Ing the year | .



$158,283 60:
26.092 00'



$132,191 001
15,366 00!



Underwriting losses and expenses ...!.

!
Gain from underwriting during the|
year .....I.



$220,202 051



147.557 60'



367,759 65



$39,850 n



uiyiLizuu uy '



^?^



COMMERCIAL UNION FIRE INS. CO.



363



UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



INVESTMENT EXHIBIT.
Interest and Rents.

Interest, dividends and rents received
dnringr the year I



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