Report online

lec'g^r assets I

Lo<<8 from change In difference be-
tween book and market value dur-
ing the year



Loss on Investments during the year



$46,912 56
3.250 00

247,066 34



.!.



I
.1 $297,248 90'.



INVESTMENT EXPENSES.

I
Investment expenses paid during thel
year |.



I

I

39,685 591.



Investment losses and expenses dur-|
Ing the year j .



I



Loss from Investments during the|
year '.



336.934 49



$5.S21 70



I I <

MISCELLANEOUS EXHIBIT. I I I

* I Gain In I Loss In

I ♦ Surplus. I Surplus.

Dividends declared to stockholders! I I

during the year i ! ! $930.000 00

1 1 1

Total gains and losses in surplus) I I

during the year ' ' I $943, 61S 68

Surplus Dec. 31, 1912 1 $2,266,021 48! I

Surplus Dec. 31, 1913 1 1.322.408 901 1



I
Decrease In surplus during the year' I $943,612 58'.



Totals



I



I-
.1 $943,613 581 $943. 61« 58

I I



Per cent of losses Incurred to premiums enrned .59 48.
Per cent of underwriting expenspM incurred to prmiumA earned 41.18.
Per cent of investment expen«<eR incurred to Interest and re'it*J enrned 13.17.
Per cent of total losses and expen^^^ Ipcurred ai\d dlvldei\ds declared to
to^l ^ncoine earned 115.29,



Digitized by



GoogI(



376 CONTINENTAL INS. CO.



CONTINENTAL INSURANCB COBIPANY,

New York City.

Home Omcc, 80 MAIDEN LANE.

I Incorporat<*d Jnnuary, 1853; commoncod business January, 185*^. J
Date of admission Into Wisconsin, Feb. 15. 1877.

President. HKNRY EVANS. Vice President, GEORGE E. KLINE.

Serretar.v, C. U. TUITLE.

CAPITAL STOCK.

Amount of ?apUal paid up \n cash $2,000,000 00

Amount of ledger assets, Decombor 3, of previous .vear $26,940,649 78

INCOME.

Marine
Fire. and inland.

Grow premiums $10,511,407 9G $284,057 98

Deduct rolDsurancc premiums.
Are, $1,207,043.*J4: marine and
inland, $82,296.85 : return
oremlums, Are, $1.272.69«.8<J ;
marine and Inland, 78.13'iOU. 2,539,740 80 100,431 91

Total premiums (other

than perpetual) $7,071,667 16 $124,226 07 $8,095,893 23

Gross Inten^Kt on mortgage loans $135 00

Gross interest 'm co'l.nteval loans 10,875 00

Gross intercut on Iwnds and dividends on stock.s,
lv»ss $5,323 17 accrued interest on bonds ac-
quired durin:; 191:; 1,027.003 31

Gross interest on dnr^oslts in trust companies

and banks 46 , 507 00

Gross Interest from all other sources 1,361 52

Gross rents frcm company's property. Including
$4vr25.00 for company's occupancy of its own
buildinss 62 . 794 15

TMal gross lntere<»t and rents 1,148,076 88

From other sources :

ConimlHSlon of ^C per cr^nt In $l?r,,050,00

Southern Pacific Co. stock syndicate $3,125 00

Commission of 2 per cent In P.altimore & Ohio
R. R. To., 4^ ner cent convertih'e jfold

bonds, syndicate 5,018 35

Coroml.«5Sl<>!i of 2^^ per vvut in s.\nd|cat", f^
• undei-writor. shIo of ccrtlflcattr of Interest

in Seuthern Paclfi.? Co. stock 5,000 00

13.143 35

Xonilnnl tax of 1 per cent wlthhf'!d from salaries paid in com-

pHance with Fed ral Income Tax law 53 34

Increase In Uahllitlos durlne thr- year on account of reinsurance 9,341 51

From agents' ba^anccF. previa. usly chareed off 291 30

Grrsn proHt on sale or maiuiity of lodirer assets :

Honds $1 .-» . .-.Vi 00

Sto' ks CO. 407 00

__ — 82,022 00

Gross Increase, by adjusiraont, In hook value of
lodger nF8( ts :

nonds $.34,441 00

Stooks 829.970 00 864.411 00

Total Income $10,213,832 «'

'^'otal footings .$37,154,482 :p

Digitized by ^v^^ '»^ v^ -2 IC



CONTINENTAL INS. CO. 377



DISIUUSKMHXTS.

Marine
Fire. and inland.

Gross amounl paid polioyholdors
for losses (inchidinf? $457.-
784.14 oocnrrlns it: orevloiis
>car.s) :?.-», 002, 707 03 $114,526 14

Deduce amount recolvcd for salv-
age. Are, $22..10.S r,f) ; marine
aind inland, $1.024..'»9; reinsur-
ance. Are, $75.'!,03.'i.17: marine
and Inland, $51,9J.'5.25 77,'^, 428 76 53.567 84



Net amount paid policy-

liolders for losses? $4,227,279 17 $60,958 30 $4,288,237 47

Expenses of adjustment and settlement of losses 129,124 25

Commissions or hrokerage 1 ,680.8.37 60

Allowances to local apreneies for miscellaneous agency expenf^es 1.433 78
Salaries :?lo7,876.56. and expenses $117.7S4.11, of special and

general agents 255.660 67

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

and home olBce employes 451,819 13

Rents, including $4,72^^.00 for company's occupancy of its own

buildings 75.666 74

Advertising. $.35,539.04. printing and stationery. $46.979.51 82 518 55

Pastaee, telecrama, telephone and express 68,5.'»2 40

Legal exper.s*^ 1 . 643 1 5

Furniture and fixtures. . , 16.724 31

Maps, including corrections 24 . 1.33 57

TTnder\vriter%' boards and tariJT a.ssociations 94,374 48

Fire department, flre patrol and salvage cori's assessments, fees,

taxes and expenses * 32.3R7 16

Inspertions and surveys 2 , 994 00

Repairs and expenses (other than taxes> on real estate 73 945 «2

Tares nn real estate 22 «50 32

State ta^es on proml'ims 163. 6*^6 01

In«»ur*»nee department licenses and fees 31 .036 34

All othor licenses, fees and taxes :

Federal corporation tax $9 02"» PO

Municloal taxes 20.688 59



29,714 39



Other disbursements:

Mercantile agencies $10,970 04

Miscellaneous 846 18

Exchange 10,711 78

â– Subscription to papers 2,873 80

25,401 89

Investment expcnsen (other than r*»al estate) 7,053 6S

Wills rAceivnble, past due charged off 9,107 62

Paid stockholders for interest or dividends (amount declared

during the year) ^. . 1,000,000 00

Scrip or certiftcatt^ of profits redeemed In cash 73 00

Interest paid to scriphoiders 18

Agents' balances charged off 843 04

Cjross losh on sale or maturltv of ledgei: assets :

Horuls $4,074 00

Stocks 20.312 00



Gross decrease, by adjustment. In value of ledger a.*»sets :

Bonds 551.37.742 00

Stocks 919 , 621 00



— 24.386 00

1,057,. 363 00



Total disbursements $9 , 651 . 608 35

Balance $27,502 974 04



Digitized by



GoogI(



378 CONTINENTAL INS. CO.



LEDGER ASSETS.

nook va'ue of rfiU oslate $1 ,175.000 00

M<»rtKa>?e loans on r< n! estate, first Hens 2.700 00

Loanf! secured by pledisre of bonds, atocks or other collateral. . . . 250,000 00
Book value of bonds, $«.377,04r,.O0, and stocks, $15,266 270.00.. 21.634,215 03

Cash in company's ofPce $2,259 25

deposits In trust companies and banks not on

interest 29 47

Deposits in trust comnanies aud banks on In-
terest «, 124,738 24

3,127.026 96

Agents* balances representing business written subsequent to

October 1. Iftin 1.090,82150

Ajrents* balanceH representing business written prior to October

1. 1913 4,867 S*?

Bills receivable 218.342 70

Total ledger assets $27, 602,974 0^



NON-LEDGER ASSETS.

Interest duo, $20,786.00 and accrued, $46,616.19
on bonds $76,401 19

Interest accrued on other assets : .

Bank balances , 84 64

Rents due on company's propeity or lease 37 60

Total 76. 523 33

Market value (not including interest) of bonds and .stocks over

book value 136.307 80

Gross assets $27,716,806 17



nKDUCT ASSETS NOT ADMITTED.

Agents' i>a'ance.«, representing business written

prior to October 1, 1913 $4,867 88

Bills receivable, p.nst due, taken for marine. In-
land and lire risk.^ 82.460 65

• 87,328 63

ToJal admitted assets $27,628,476 61



LIABILITIES.

Gross claim."; for losse*; In proce.<^s of adjustment
cr In suspense, plus $48,60o.0O; reserve for
losses Incurred prior to December 31, of which
no notice had been received on that date.... $588,803 35

Gross claims for losses resisted 38,155 00

Total $626,058 35

Deduct reinfurnnce dxie or accrued 109.420 84

Net amount of unpaid losses and claims $517,637 61

Gross premiums (less reinsurance) received and
recelvnble up'^n all unexpired flre risks, $17.-

t;3.'^.200 nn : pnerrned premiums $0,174,075 59

Qri>5s prem'um.« Ue«a reinsurance) (cash and
uillr) received nnd receivable u;ion all unex-
pired Inland navigation risks. «1 32,489.31 : un

earned premiums (ifty per cont) 66,244 66

9,240,320 25

Principal unpaid on scrip or ci^rtlfleate of profits authorized or

ordered to lu* redeemed 26 . 584 00

Interest due or accrued on «»CTip 6.063 12

Dividend- declared and unpaid to stockholders 500,000 00

Salaries, rents, expenses, bills, accounts fees, etc., due or
acc! ued 27.500 Ot)



Digitized by



GoogI(



Continental ins. co.



379



&sUmate<] amount heronfter payable for federal, state and other
taxes based upon the business of the year of this statement. .

Continjreut commlssionR or otlier charges due or accrued

Funds held under reinsurance treaties, reserve, $9,341.51, inter-
est, $51.65

All other liebilities, rent paid in advance

Nominal tax of 1 per cent withheld from s&laries, in compliance
with Federal Income Tax law



166,000 00
71.494 46

9,393 16
32 50

53 34



Total amount of all liabilities except capital $10,684,978 34

CapKfii .actually paid in canh $2,000,000 00

Surplus over all liabilities 15,063,498 30



Suiplus as regards policyholders 17,063,498 .30



Total liabilities $27,628,476 6i



RISKS AND PREMIUMS.



Fire rislcs.



Hross

premiums

thereon.



Marln<^

and Inland

risks.



GroHs

premiums

thereon.



In force on the 31st day i I

of December. 1912..|$1,780,837,683 $18,626,578 82[ $7,930,118

Written or renewed | | I

during the year.... j 1.066, 892, 057| 10,911,407 96f 9,740,602



$227,241 93
284.657 98



Total !$2,837,ja29,740;$29, 137,986 481

Deduct those expired!
and marked off as|
terminated | 915,088,164 9,739.45126



(-



In force at the end|

of the year 1$1, 922, 191, 686 $19, 398, 535 22

Deduct amount rein-] I

sured I 180.519,139^ 1,765.334 64



Net amount in force|$l, 741, 672, 447 $17,633,200 58

I !



$17,670,720^ $511,899 91



9.824,0681 298.105 68



$7,846,6521

I

2,957,6201



$213,794 23
81.304 92



$4,889,0231 $132,489 31



RECAPITULATION OF FIRE RISKS AND PREMIUMS.



Year

written.


Term.


Amount
covered.


Gro*s -^

premiums © £

charired. w «

les.s re- ii *

lusurance. ^ 3


Amount of

permlum

uen«rned.


1913

1912

1913

1911

1912

1913

1910

1911

1912

1913

1900


One year or less . . .

Two years

Two years

Three years

Three years

Three years

Four years

Four years

Four years

Four years

Five years


$390,085,097

4,064.713

4,766.935

266.158.756

296,782.900

3-20.304,347

5,621,0a3

2,800.237

3,077.373

2.548.606

68,901.837

77,719.254

90.262.866

96.138.285

107.573.236

1 4,876,0201


$4,135,674 61

36.355 04

44,035 79

2,366,424 63

2,6.^0.619 14

2,856,.503 82

47.697 37

18.654 85

23,778 46

33.144 97

876.251 03


1-2
1^
3-4
1-6
1-2
5-6
1-8
3-8
5^
7-8
1-10


$2,067,837 31

9,088 91

33,026 84

394,404 10

1,315,309 57

2,380,419 85

5,962 17

6.9^5 56

14.861 54

29.001 85

87.625 10


1910


FIto years


977,208 011 3-10 |
1.112.979 621' 1-2 1
1,184.247 29' 7-10 |
1,253.062 311 9-10 1

36,563 04! P. R.I


2>3.162 40


1911....


Five years


,V>6.4fO 81


1912


Five years


828.973 10


1918


Five years


1.127.756 08




Over five years ....
Totels


23.161 40




$1,741.672,447 $17,633,200 68 | $9,174,075 59

1 1










Digitized by LjOOQ



380



CONTINENTAL INB. CO.



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAk.



Fire.



Marine and
inlaud.



Tornado.



Total.



Gross risks written I $13,903,93<)|

Less $2,739,217 risks caucelled.l
and $167,<)72 reinsurance in|
companies authorized in Wis] I

fonsin I 2,798,1361



I



1



-1-



$87,954 $l,198.34St |15,280,232



66.425] 2.906,289



41.7281



Net risks written | $11.195,794! $46,226| $1. 131, 923| $12,373,913

Gross premiums on risks writ-I

ten I $154,371 91 $2,086 22 $7,315 16 $163,773 29

Less $20,496.03 return pre-1

miums; and $1,311.89 pre-|

miums for reinsurance in-

companies authorized in Wis-]

consin I 20,463 36 934 26 360 89 21.808 51



Net premiums received..! $133 908 55 $1,101 96



$6,954 271 $141,964 78



Losses paid (deductlnjr salv-
nge)

Less losses on risks relnsurQd
in companies authorized in
Wisconsin



Net losses paid



$54.664 61! $1,370 64

I

I

605 17|

$54,059 441



880 32



$490 32|



$2,871 22



$58,906 47
1.485 49



$2,871 22



Losses incurred j $51 ,289 81'

Less losses on risks reinsured | I

In companies authorized in] * j

Wisconsin I 605 17 j



$57,420 93



$1,690 64] $2,881 131 $55,861 58



9» 321.



I 1.530 40



Net losses incurred | $50,684 64



$765 32



$2,881 13 $54,331 09



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
PremluniH.



I



I



Total premiums I $S.f.9'»,893 23; .

Add unpaid I'eturn and reinsurance! " j

premiums Dec. 31. 1912 | 24.804 68|.



TotJil ". .] $H. 120.787 Olf

Add unearned premiums Dec. 31. 10121 9.022,217 57]



Total |$17, 143.005 4.S .

Deduct unearned premiums Dec. 31.' !

1913 1 9.240.320 251.



Premiums earned during 1913 ! | $7,902,685 23'.



UNDERWRITING PROFIT AND I
LOSS ITEMS. I

Gain from afrents' balances previously!

charged off ..I

Loss from agents* balances charged'

off. $S43.04. and from other under!

writing disbursements, $9,107.62 ...I



I
I
I

!

I

$291 30!.

I

9,050 66|.



I



Loss from above



.!



$0.6C9 361.



Digitized by



GoogI(



CONTINENT.VL INS. CO.



381



UNDERWRITING AND INVESTMENT EXHIlilT-Contlnued.



Agents' balances and billR
receivable not admitted
Dec. 31. 1912

AgentV biilunces nnd bills
rtH-elvable not admitted
Dec. 81, 1913



IiO»s from above



I
$80,093 401 .
I
I
87,328 581.



Loss from uuderwrltiufir profit and)
losii items , ;.



Underwriting Income earned dnringl

1913 ; '.



7,235 331-



1



16,894 49!.

1

I



?7.8So,79:> T4



LOSSES. I '

! I

Losses paid 14,288,337 47.

Deduct unpaid los.-es Dec. 81, 1912 ..I 485,204 77(.



Balance I $3,803,082 70

Add unpaid losses Dec. 31. 1913 < 017,537 51

Losses incurred during 1018 I



.1.



I
$4,820,570 211.

I



UNDERWRITING EXPENSES. |

: I

Underwriting expenses paid dnringi !

1918 I $3,138,259 76|.

Deduct underwriting expenses uupaldl I

Dec. 31, 1912 1 264,886 10|.



Balance I $2,873,373 60'.

Add underwriting expenses uupaldl i

Dec. 31. 1913 1 264,994 461.



Underwriting expenses Incurred dur-l I I

ing 1913 !.. I 3,138,36806.



I-



Underwriting losses and expenses ..' I ] 7,458,938 27



Gain from underwriting during 1913! !.. I $426,859 47



INVESTMENT EXHIBIT. '

Interest and Rents. |

Interest, dividends and rents received

during the year [ $1, 148,676 88

Deduct Interest, dividends and rents,! I

due and accrued Dec. 31. 1912 ( 209,474 901

Balance I

Add interest, dividends and rents duel

and accrued Dec. 31. 1913 |

Add interest and rents paid In ad-l

vance Dec. 31. 1912 (



.!.



I
9,201 98' I.



76,523 331.

116 60!.

-f



I



Total ' $1,015,841 91

Deduct interest and rents paid In ad-|
vance, Dec. 31. 1913 1 32 50



-!



I
Interest and rents earned during 1913| j $1,015,809 41].



Digitized by



GoogI(



382



CONTINENTAL INS. CO.



UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



PROFIT ON INVESTMENTS.

Gain from sale of ledger assets | $82,022 00

Gain from increase In book value ofj

ledger assets I 864,411 00

Gain from change in difference be-i

tween book and market value dur-i

ing 1913 1 136.307 80

Gain from other investments t 13,143 36

Profit on investments during 1913.



I
Investment income earned during 1913!.



1,095.884 15



LOSS ON INVESTMENTS.



^,lll,€e3 56



$24,386 001.



Loss from sn'c of ledger assets |

Loss from decrease iu book value of! ,

ledger ast:ets I 1,057.363 00'.

Loss on Investments during 1913 f..^ ^ $1,081,749 001



INVESTMENT EXPENSES.



I



Investment expenses paid during 19131.

1

Investment losses and expenses dur-l

ing 1913 1



133,238 28



Gain from Investments during 1913.



1,214,987 28



$886, 7M tn



i I

MISCELLANEOUS EXHIBIT. I I

I I Gain in Loss in

I ! Surplus. Surplus.

Dividends declared to stockholders! I !

during 1913 ] ,! $1,000,000 00

Deere IPC In special reserves ! I $250,000 OOf

Gain from other sources I ' 9,394 85'

Loss from other sources ' I I 9,440 50



Net loss from above



h



$7B0,051 6S



Total gains and losses in surplus|

during 1913 ! ! $1,888,558 76| $750,65165

Surplus Dec. 31. 1912 I$14,481),991 30].

Surplus Dec. 31, 1913 ' 15,063.498 301.

Increase In surplus during 1913 i



-!-



578,607 ]•



Totals I I $1,828,656 75| $1,828,556 75

I I



Per cent of losses incurred to premiums earned 54.7.
Per cent of underwriting expenses incurred to premiums earned 89.7.
Per cent of Investment expenses incurred to interest and rents earned 13.2.
Per cent of total losses and expense^ Jncflrr?<| «»n4 fllYt^PUda ^fclftr^ tp
totftl income earned p6.8,



Digitized by



GoogI(



COUNTY PIRE INS. CO. 383



COUNTY PIEE mSXJRANCE COMPANY,

Philadelphia, Pa.

Home Offlco, MO SOUTH FOURTH STREET.

[Incorporated May 31, 18.^2; cominoncod business April 10, 1833; admitted

October, 1898.1

President. CHAS. R. PECK. Vice President, .lOSEPH MOORE, Jr.

Secretary, E. A. LAW.

CAPITAL STOCK.
Amount of capital paid up in cash $400,000 00



Amount of ledger assets, December 31 of previous year $1,162,718 30

INCOME.

Eire.

Gross premiums $645,807 71

Dedui't rdnsurance premiums, Are, $161),266.8.'> ;

return premium.^, rire, $100,704 63 276,06, 48



Total premiums (other than perpetual) $360,8.36 23

Deposit preruiums written on perpetual risks (gross) 1 ,496 37

Gross interest on mortprage loans and ground

rents $8, 275 89

Gross interest on collateral loans 168 00

Gross lnteres=t on bondr and dividends on .stocks,
less .$271.30 accrued Interest on bonds ac-
quired during the year 35.180 30

Gross inlenst on deposits In trust companies

and banks 1,178 47

Gross Interest from all other sources :

Di.scounts on taxes, $6.00 ; I'hila. Fire Uudrs.

Assn. deposit. $3.15 10 11

Gross rents from company's property, including
$2,500 for company's occupancy of its own
buildings 3,974 00



Total gross interest and rents 48,787 07

Prom other sources :

Discounts perpetual premiums $476 52

Perpetual depns'ts earnod by loss 89 18

. Unpresented checks (profit and loss) 5 85



571 .W

From agentfj* balances previously charged off 3 50

Gross profit on sale or maturity of letlger assets : Bonds 172 do

Total Income , , $420,867 82

TQtCl footing , , , ,.,.,,,,,,,,,.. $;.Q83.Q8Q ^l

Digitized by LjOOQK



384 COUNTY FIRE INS. CO.



DlSftraSKMENTS.



Fire.



Gross nniouiit pnid polIryholdci*fi for li sse6 (iii>
cludlns: {^y4,31»l.2U occurrlnj; In previoua
vears) $300,207 08

Dfcdwt amount rocfivcd for salvnp:e. fire,
$l.HL'.S.i:6; rolnaumnco, Mre. $«7,7r.7.!KJ : dis-
count, fire. $:; *o.44 00,436 03

Net amonrt pnld policy holdi-rs for lossos $230,831 35

Kxponses of adjiihtmont and settlement of looses 4,221 08

Coninilsplon*! ©'• brokempi* 86,349 80

Salnr-cs, $10.F00, andexpenhcs, .*7,12(ll>6, ot Hpocial and general

ajrents 17,026 96

Salaries, fees, and all otiier cbarjicH of oflicers. directon*,

trustees and home oftico employes 23,488 90

RoDts. Inoludinsr $2,.')00 for company'K occupancy of Its owu

bulldlnp? 2.500 00

AdvertlKlnjf. $702.15: printini? and statlocery, $5,571.13 6,273 28

Po«t«-;v, teloffrumn. telephone and expreHs* " 3,779 13

Furniture and fixture?* 321 9tt

Mupp. Inoludlnff c rreetlons 5,344 00

I'nderwrlterK' boards and tariff associations 8,657 22

Fire department, fire patrol and palvat^e corpn assefiamentSi

feep, taxep and expenses 1 . 160 09

Inspections and 8urvey« 1 ,011 OS

Repairs and expenses (other than taxes) on real estate Mi 68

Taxes on real estate 799 00

State taxes on pr«»mlums 9.817 02

Innurence department licenses and foes 3,287 66

All other licenses, fee? and taxes :

Federal corporation tax $405 36

Capital stock tax 1.091 08

1,496 44

Other dl&hursenients :

Heatlnjf, llffhtlns. etc, of home office $843 09

Maintenance of ajrents' and special agents'

offices 2, 784 99

Bradstreets. $410.50: I'nderwrlters Protective

Assn.. >2.no 006 50

Slpns, $221 88 ; subscriptions to periodicals,

$lR7.0r, 408 94

Safety deposit bo^es. «1 25.00: Iwnds. $58.50;

Hour Address Company, $60.33 .. 252 83

ChHptraas presents to clerks, $240 ; blotter stock,

$1 20 3P0 00

Paper boxes, Sie2.r^0; sundry expcn-'^es. $396.04 558 54

, B.ft74 99

Peposlt f)remlnms returned ' 5.422 53

Paid stockholders for interest or dividends 32,000 00

Aironts' balances charired ofT 381 06

Gross- loss on .<al*» or maturity of ledger a.sM»ts :

TTncnneetal)le Inten-st on Mtjr. No. 1 1 (profit and loss^ 75 OQ

Bom's^ 162 50



Total disbursements $451 .406 51



Balance $1,132.0S9 70

I-KDGER ASSKTS.

Book value <.f real est.jfe $55,057 IS

Morternjre lr;ins on real estate, first liens 172,040 00

Lioans securcni by jdedet of bonds, stocks or other

collateral 3 , 300 00

Bo'^k vnlie of b<»nds, $.'>73,280.0n. and stocks.

$201. .'SOI. 42 774,787 45

Cash in corapan.v's office $957 00

Deposits In trust companies and

banks on interest 01 , 494 94

62,452 54

Agents' balances reprcsentinc business written

subsequent to Octo»'er 1. 1013 60,344 97

Afrents' balances representing business written

prior to Oetober 1, 1913 2,203 81

Other ledger assets 1 ,908 75



Total ledtrer aj^sets , $1^132,089 70

Digitized by LjOOQIC



COl^NTY FIRE INS. CO. 385



NON-LEDGER ASSETS.

Interest duo, ^.37.50 nnd awnied, $1,692.66 on

inortfniees and ground rents |1 , 7.*I0 16

Interest acoruoil on bonds 6,952 42

Interest accniod on oollatenU loans :{8 77



Total 8,721 35

Market vnlue of r.^nl ♦^tato over book value 16,107 82

Other ncn-UdKcr assets:

l>u«» for niusuranco on l<»s80s paid and salvagos, reinsurance,

$^,544.58 ; salvages, $4:16.02 4,980 60

Pliila. Fhfc Underwriters A8»n. deposit 100 00

Gross assets , $1,161.90» 47

DEDUCT ASSETS NOT ADMITTED.

Agents' balances, representinj? business written

prior to Dctcber 1. 1913 $2,20.'{ 81

Book value of ledfj;»»r assets over market value.. 1,72:{ 45

, a, 027 26



Total admltteil assets $1,158,072 21



LI.VBILITIES.

Gross losses adjusted, not yet due $3,790 90

Gross claims for b^ssev In process of adjustment

or In bU8ix«ns« 35, 183 69

Gross claims for losses - resisted 700 00

Total $39,074 59

Deduct reinsurance due or accrued 9,219 62



Net amount of unpaid losses and claims $30,454 97

Gross premiums (less reinsurance) received and receivable upon

all unexpired fire risks, $650,788.08; unearned premiums 337,143 41

Amount reclolmable by the insured on perpetual Are insurance
policies, bcinfi: 90 and t>5 per cent of the premium or deposit

received 182.774 81

Estimated amount hereafter payable for federal, state and other

taxes based upon business of the year of this statement.... 6,768 00

Comm'ssions, contingent or other charges due or accrued 6,084 14

All other liabilities : 10 per cent perpetual deposits other com-
panies 100 38

Total amount of all liabilities except capital $563,415 71

Capital actually paid up In cash $400,000 00

Surplus over all liabilities 194,6.56 50



Surplus as regards pollcyholderp .504,656 50



Total liabilities $1,158,072 21

RISKS .\ND TREMICMS. •

Gross
premiums
Fire risks. thereon.

In force December 31, 1912 $82,889,575 $817,880 32

Written cr renewed during 1913 64,748,770 645,897 71



Total $147,638,354 $1,463,778 03

Deduct cancellations and expirations 61,111,792 623,096 45



In force Dereml)er 31, 1913 $86. 526, .562 $840,681 58

Deduct amount reinsured 19,068.020 189,893 30



$67,458,542 $650,788.28



Perpetual risks not Included In above $8,217,821 $200,922 95

25— Ins.- -I



Digitized by



GoogI(



386



COUNTY FIRE INS. CO.



RECAPITULATION OF FIRE RISKS AND PREMIUMS.









CJross ^7
premiums o =


Amount of


Year
written.


Term.


Amount
covered.


charged, 3 ^
less re- ^ ^


premium
unearned.






$22,390,220


Insurance. ,^ -




1913


One jear or less . . .


$238,635 95 1-2


$119,317 97


1912


Two years


332.286


4,282 45 1-4


1,070 61


1913


Two years \


â–º 615,109


6,824 00 3-4


5.118 00


1911


Three years


9,143,ir)4