Report online

1



I-



$26,213,592

476,711

674,892

20,912.737

24,652,853

30,111,476

236,085

251,070

357,844

273,0*7

6,486,005

8,293,536

9,321,873

10,769,674

11,714,853



$313.

4,

6.

214,

246,

288.

3,

3,

4,

3,

86.

108,

121.

140,

151,



954 88
902 07
794 03
068 88
857 01
499 77
446 70
583 30
909 27
9H3 81
669 16
980 071
925 22
533 OGJ
695 951



1-2

1-4

3-4

1-6

1-2

5-6

1-8

3-8

5-8

7-8

1-10

3-10

1-2

7-10

9-10



Totals I $150,746,2481 $1,700,803 12'.

I t I



$156.

1.

5.

35,

123,

240,

1,

3,

3.

8,

32,

60,

98,

136,



977 41
225 52
095 52
678 15
428 50
416 47
430 84
343 73
068 30
485 94
666 91
694 02
962 61
373 14
526 35



$908,373 41



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.

Fire.

Gross risks written $3,058,866 00

Less »499,945 rl&kp cnncellod, and $.320,275 reinsurance In com-
panies authorized In Wisconsin 826,220 00

Nets risks written $2,832,046 00

Gross premiums on risks written "" $F97921~82

Less $4,063.15 return premiums; and $4,068.08 premiums for

reinsurance in companies authorized in Wisconsin 8,131 23

Net premiums received $31 , 790 59

Losses paid (deducting salvage) ' $r67o68~72

Less losses on risks reinsured In companies authorized in Wis-
consin 3,05184

Net losses paid $13,016 88

Losses Incurred $16, 216 3^

Less losses on risks reinsured in companies authorized in Wis-
consin 2, 960 74

Net losses incirred $13,255 62

Digitized by 'v^j -i^ v^ -2 IC



m



bUteUQUE FIRE ft kARrkE itJB. 00.



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.



Total premiums

Add unearned premiums Dec. 31 of
previous year



Total

Deduct unearned premiums Dec. 31,
end of the year



1791.270 96
823.912 48



$1,615,183 43
906,373 41



Premiums earned during the year.



1-



UNDERWRITING PROFIT AND i
LOSS ITEMS. I

Agents' balances and bills

receivable not admitted

Dec. 31. 1912 |6, 166 041

Agents' balances and bills |

receivable not admitted j

Dec. 31, end of the year 5.491 43



$706,810 02



Gain from above



663 61



Underwriting inoome earned during]
the year |.



LrOSSBS.



Losses paid

Deduct unpaid losses Dec. 31 of pre-
vious year



h



$375,609 62
26.649 35



Balance

Add unpaid losses Dec. 31, end of the
year



Losses incurred during the year



UNDERWRITING EXPENSES.



$348,960 27
26,114 01



$707,473 63



I



Underwriting expenses paid during

the year • $344,318 00

Deduct underwriting expenses unpaid!

Dec. 31 of previous year | 30.000 00

I-

Balance '

Add underwriting expenses unpaid!
Dec. 31. end of the year I

Underwriting expenses incurred dur-l
ing the year I-



$314,318 OO
35,000 00



Underwriting losses and expenses ..|.

Loss from underwriting during the|
year 1 •



$375,074 28).

I



349,318 00;.



724.392 28



$16,918 «5



Digitized by



GoogI(



bufiuQufi PiRE & Marine ins. co.



39d



UNDERWRITING AND INVESTMENT EXHIBIT-Continued.



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



Balance

Add Interest, dividends and rents due
and accrued December 31. end of
the year



Total



PROFIT ON INVESTMENTS.
Gain from 8§le of ledger assets ..



Investment income earned during the
year



LOSS ON INVESTMENTS.

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



|7e,690 12
20,110 30



$56,079 82
21.186 36



frr,766 18



$1,437 50



I
$5,325 oof.



$79,203 68



INVESTMENT EXPENSES.



Investment expenses paid during the
year





2,337 57




1 )






Investment losses and expenses dur-|
Ing the year '




7,662 67
$71,641 11


Gain from investments during the
year


1















MISCELLANEOUS EXHIBIT.

Dividends declared to stockholders
during the year




Gain in
Surplus.


Loss in
Surplus.

$40,000 00











Total gains and losses in surplus
during the year


$71,541 U


$56,918 65


Surplus Dec. 31, 1912




$394,145 66]


Surplus Dec. 31, 1913


408.768 12






*








Increase in surplus during the year. .




14,628 46


t 1






Totals




1


$71,641 11


$71,641 U

" _ — .



Per cent of losses Incurred to premiums earned .53.
Per cent of undenvrltlng expenses Incurred to premiums earned 49.40.
Per cent of Investment expenses Incurred to Interest and rents earned .03.
Per cent of total losses and expenses incurred and dividends declared to
total income earned 9&10.



Digitized by



GoogI(



400 EQIHTABLE PIRE A kARIKE li^S. t6.

EQUITABLE FIRE & MARINE INSURANCE COMPANV^
Providence, R. I.

Home Office, 1 CUSTOM HOUSE STREET.

[Incorporated May, 1859; commenced business September 1800.]

iJate of admisRion into Wisconsin, 1888.

Prfsldtnt. FRED W. ARNOLD. Vice President, EDWARD MILLIGAN.

^ec^eta^y SAMUEL G. UOWE.

CAPITAL STOCK.

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

Amount of ledger assets December 31 of previous year $1,080,432 01

INCOME.

Marine
Fire. and inland.

Gross premiums $1,451,85123 $1,052 58

Deduct reinsurance premiums,
fire, $864,071.37 ; return pre-
miums, fire, $241,552.45; ma-
rine and inland $3,125.56 1,106.523 82 3,152 66



Total premiums $345,327 41 $2,099 98

Gross interest on mortgage loans $5,534 66

Gross interest on bonds and dividends on stocks,
less $608.98 accrued Interest on bonds acquired

during the year 30, 475 16

Gross interest on deposits in trust companies

and banks 1 , 249 89

Philadelphia Underwriters Association Deposit. . 315 00

Gross rents from company's property, including
$2,500 for company's occupancy of its own
buildings 6, 394 25



$343,227 43



Total gross interest and rents 42.657 11

From other sources: Conscience money $60 00

Borrowed money â–  1 , 500 00



150,060 00
Increase in liabilities during the year on account of reinsurance

treaties 37,678 64

From agents' balances previously charged off 96

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

Bonds 1.992 78



Total Income $575,616 92

Total footlnjjR. $1,650,040 53

DISBURSEMENTS.

Marine and
Fire. Inland.
Gross amount paid policyholders
for losses (including
$39n01.84 occnrrlns: in pre-
vious years) $450,690 96 $19,923 25

Deduct amount received for sal-
vage, fire, $4.301.65 ; marine
and inland, $367.61 ; reinsur-
ance, fire, $246,728..33; marine
and inland. $23.17 ; discount,
fire, $126.75 251,156 73 890 78



Net amount paid policyholders for

losses $199,534 23 $19,532 47



^^$219,066 70

..yitizedbyV^OOgle



fiQUlTAfeLE PIRE A MARINE t^B, CO. 401

£!;cpense8 of adjustment and settlement of losses 4,696 95

Commissions or brokerage 97,885 61

Salaries, $5,075.02 and exponsos, $J^,noi.88, of special and gen-
eral agents 1 8,377 80

Salaries, fees, and all otber charges of oflBcers, directors, trustees

and home office employes 20, 636 49

Rents, including $2,500 for company's occupancy of its own

buildings 2,862 9T

Advertisinjr. $27n.07 : printing and stationery, $2.:t94.46 2.668 13

Postage, telegrams, telephone and express 1.627 64

Legal expenses 596 34

Furniture and fixtures 64 18

Maps, including corrections 590 63

Underwriters' boards and tariff associations 2,340 27

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

taxes and expenses 3, 695 64

Inspections and surveys 1, 129 73

Repairs and expenses on real estate 3,040 95

Taxes on real estate 1 .967 13

State taxes on premiums 10,395 45

Insurance department licenses and fees 4,174 00

All otber liconses. foes and taxes :

Municipal and county fees and taxes 1,032 04

Other disbursements :

Exchange -. |151 20

Lighting, laundry and Sundry expenses 536 02

Subscriptions to majmzines, papers, etc 100 04

Interest on borrowed money 2,021 88

borrowed 'money 150.000 00



152.819 13

Paid stockholders for interest or dividends 24,000 00

Decrease In liabilities during the year on account of reinsurance

treaties 154,538 71

Agents' balances charged off 3 79

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

Bonds 250 00



Total disbursements $717,060 13



Balance $938,089 40



LEDGER ASSETS.

Book vahie of real estate $101 .180 00

Mortsape loans on r^l estate, first liens 115,400 00

Book value of bonds, $491,083.33, and stocks.

$198,300 689,383 33

Cash in company's office $389 10

Deposits in trust companies and

banks on interest 8,874 44 9,263 54



Agents' balances representing business written

subsequent to October 1. 1013 20,234 26

Agents' balances representing business written

prior to October 1, 1913 2,153 27

Other ledger assets, viz. : Deposit Insurance

Association of Providence 100 00

Denoslt Cincinnati T'ndei-wrlters* Association... 125 00

Deposit Milwaukee Board of Underwriters 50 00

Deposit Philadelphia Underwriters Association.. 200 00



Total ledger assets $038. 089 40

NON-LEDGER ASSETS.

Interest accrued on nr.ortgaces $418 38

Interest due on bonds 8.252 36

Rents accrued on company's prrtpertv or lease. . 305 00

lease 395 00

Total 9,065 74

Market value of bonds and stocks over book value 15,998 84

Gross assets $963, 153 98

26— Ins.— I

Digitized by LjOOQIC



m



EQun^A^LB m&E & ^ARiKt: ms. co.



DEDUCT ASSETS NOT ADMITTED.



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

Book value of ledger assets over market value,
viz. : Insurance Association of Providence
Deposit

Cincinnati Underwriters' Association

Milwaukee Board of Underwriters

Deposit Cincinnati Underwriters' Association...

Philadelphia Underwriters' Association



Total admitted assets.



LIABILITIES.



$2,153 27



100 00
60 00

125 00
200 00



2.628 27



$960*525 71



Gross losses adjusted

Gross claims for losses in process of adjustment
or in suspense, plus $1,130.86; reserve for
losses incurred prior to Decen^ber 31 of which
no notice had been received on that date....

Gross claims for losses resisted



Total

Deduct reinsurance due or accrued.



Net amount of unpaid losses and claims . . .

Gross premiums (less reinsurance) received upon
all unexpired fire risks, $422,739.93 unearned
premiums

Gross premiums (less reinsurance) (cash and
bills) received and receivable upon all unex-
pired marine risks. $666.44 ; unearned premi-
ums (100 per cent)



$41,058 29



107,246 51
9,006 69

$157,311 49
109,633 04



$204,231 78



666 44



Total unearned premiums as computed above

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

Estimated amount hereafter payable for federal, state and other
taxes based upon business of the year of this statement

Commissions, contingent or other charges due or accrued

All other liabilities:

Interest oti mortgnjyes collected in advance

Liability on account of reinsurance treaties



$47,678 45



204.898 22

250 00

8,750 00
1,250 00

890 85
37.678 64



Total amount of all liabilities except capital $295,895 66



Capital actually paid up in cash
Surplus over all liabilities



$400,000 00
264,630 05



Surplus as regards policyholders.
Total liabilities



664.630 05
$960,525 71



RISKS AND PREMIUMS.



In force on the 31st day
of December, 1912

Written or renewed
during the year

Total

Deduct those expired
and marked **
terminated .



off as



In force at the end;
of the year ...



Fire risks.



$126,782,283
130,004,355



$256,786,648
93,213,232



$168,578,416



Grofts

premiums

thereuii .



Marine

and inland

ri»Ivs.



I



Gross

premiums

thereon.



$1,340,769 96
1,451,851 23



$2,792,621 19
1,063,740 49



$1,706,880 70



$494,249
67,265



$561,514
551,684



$9,830



$29,247 99
1.062 58



$30.300 57
29.634 13



1666 44



Digitized by



GoogI(



kQUltA^LB Mt£ & UAAlim li^g. do.



403



BiciAPiTULATION OP PIRB RISKS AND PREMIUMS.



Year
written.



Term.



Amount
covered.



Grois
premiums
ctiartred.

less re-
insurancB.



Is



Amount of

premium

unearned.



1913


One year or less . . .


118.630.071


$186,612 41


1-2


$93,806 21


1912


Two years ... 4 .. 4 4


1OT,524


1,104 25


1-4


276 06


1913


Two years .4»».4.4


805.646


2,391 57


3-4


1,793 68


1911


Three years 444....


5.238.007


47.839 80


1-6


7.973 80


1912


Three years ....4...


5.943.878


54.569 12


1-2


27.284 56


1913


Three years


3.502.049


87,401 00


5-6


81,167 60


1910


S'our years


110.267


1,098 13


l-«


187 27


1911


^onr years


. 81.679


424 25


3-8


159 00


1912


Four years


58.802


1,072 00


5-8


670 00


1913


Four years


170.293


^.593 40


7-8


1.894 28


1909


Five years


1.800.549
2.10B.455
1,712.949
2.147.900
941.983


19.918 97
20,832 47
18,159 74
20.010 84
9.711 98


1-10

3-10

1-2

7-10

9-10


1.991 90


1010


Five years


6.249 74


1911


Five years


9.079 87


1912


Five years


14.007 69


1913


FlvA vears


8,740 78




Totals






$42,859,182


$422,739 93

1




$204,281 78




1





BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.





Fire.


Tornado.


Total.


Gross risks written


$3,290,988
2.846,041


$103,100
15,775


$8,394,038
2,361,816


Less $626,710 rlslis cancelled; and
$1,735,106 reinsurance in companies
authorized in Wisconsin






Net risks written


$944,897


$87,825
$599 96

414 75


$1,032,222






Gross premiums on risks written ...

Less $4,638.36 return premiums; and
$20,693.46 premiums for reinsurance
In companies authorised In Wiscon-
sin


$36,817 71
24,917 05


$37^T7~67
25,331 80






Net premiums received


$11,900 66


$185 21


$12,085 87


Losses paid (deducting salvaflre) ....
Less losses on risks reinsured in com-
panies authorized in Wisconsin ....


$5,651 20
1,077 49


$14 75


$5,665 95
1,077 49








Net losses oald


$4,573 71


$14 75
$14 75


$4,588 46


Losses incurred


$12,756 24


$12,769 99


Less losses on risks reinsured in com-
panies authorized in Wisconsin . . .

Net losses Incurred


1,073 90


1


1,073 90







t $11,681 341 tlA 75


$11,696 09






^





Digitized by



GoogI(



404



tiQUiTAfeLE PiRE & Marine i^§. CO.



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.

Premiums.

Total premiums • \

Add unearned premiums Dec. 31 of
previous year |

Total i

Deduct unearned premiums Dec. 31, j
end of tbe year



$343,227 431
254,544 101



$597,771 53"
204,898 22|



Premiums earned during the year



I-



UNDERWRITING PROFIT AND I
LOSS ITEMS. I

Gain from ng'ents' balances previously!

charsred off, 96c, and from other!

underwritinjr Income, $80 1

Loss from agents' balances charged'

off !

I"

Gain from above I

Agents' balances and bills |

receivable not admitted I

Dec. 31. U)12 $3,400 so!.

Agents* balances and bills |

receivable not admitted I

Dec. 31, end of the year 2,628 27|.



$60 961
3 791



$57 17



Gain from above



772 621



Gain from underwriting proflt and|
loss items I .



Underwriting income earned during!
the year I .



LOSSES.



f



Losses paid .^. ..I

Deduct unpaid losses Dec. 31 of pre- 1
vious year I

Balance . .; I

Add unpaid losses Dec. 31, end of the|

year I

I-
Losses Incurred during the year '.



$219,066 H
51,070 081



$167,996 621
47.678 451



UNDERWRITING EXPENSES. I

I
Underwriting expenses paid durlngl

the vear I $163,980 83

Deduct underwriting expenses unpaidi I

Dec. 31 of previous year I 21,000 001

Balance I

Add underwrltlnpr expenses unpaid!
Dec. 31, end of the yeor I

Underwriting expenses Incurred dur-!
ing the year '..



$142,990 831
5.250 00!



Underwriting losses and expenses ...!.

Gain from underwriting during the!
year '•



.!.



!
$392,873 311.

I



I
I
829 791.



I
.1 $393,703 10

I



I
$215,675 071.

I
I



!

I
148.230 83'.

1

I



363.905 90



«2D,797 20



-"lyitized by



GoogI(



EQUITABLE FIRE & MARINE INS. CO.



405



UNDKRWRITING AND INVKSTMENT EXHIBIT-Continued,



INVESTMENT EXHIBIT. |

luterest and Rents. |

Interest, dividends and rents received |
during the year |

Deduct interest, dividends and rents'
due and accrued Dec. 31, end ofj
tlie year



I $42,657 U|.



PROFIT ON INVESTMENTS. |

Gain from increase In boolc value ofl
ledger assets I .



Investment income earned during the|
year I .



I
7,734 07|.



I-

Balance I $34,923 04 1.

Add interest, dividends and rents dupj *

and accrued December 31. end ofl I

the year | 9,065 74|.

Add interest nnd rents paid in ad- I

vance Dec. 31 of previous year .... I 421 101 .

1 1

Total I $44,400 881.

Deduct interest and rents paid in ad-| I

vance Dec. 31, end of the year | 390 35'.

I 1

Interest and rents earned during thel I

year I j



$44,019 531.



I
I
I
1.902 781.



$10,012 31



LOSS ON INVESTMENTS.



I



LoRg from decrease in boolt value of

ledger assets I

Loss from change in difference be-j
twfen book and market value dur-j

lug the year I

I-
Loss on investments during the year'.

I

INVESTMENT EXPENSES. '

f

Investment expenses paid during thel
year !.



Investment losses and expenses dur-
ing the year



$250 00|.



I
42.172 66'.



Loss from investments during the!
year 1.



.1



$12,422 «



I

6,120 101 .

1

i



48,542 76



S8.580 45



MISCELLANEOUS EXHIBIT. I

I

Dividends declared to stockholders!
during the year '.



Total gn'ns ond losses In surplus!

during t''e vear I .

Surplus I»pc. .-^I. 1912 1

Surplus Dec. 31. 1913 1

! -
Incrcjise In surplns during the year'.

Totals '.



Oaln in
Surplus.



I Loss in
' Surplus.



I



$24,000 00



$201 . 3«3 .301 .

201.0,30 m.



$29,797 201 $26,580 45



.'.



I 8.266 75

$?9.707 201 $29,797 20



f»er cent of 1o«*pcs Incurred to premiums enrned C>4 9.
J*cr rent of underwriting expenses inourred to premiums earned .37.7.
Per cent of investment expenses Incurred to Interest and rents earned 13 9.
Per cent of total losses and expenses incurred and dividends declared to
total Income earned 09.2.



Digitized by



GoogI(



406 FEDERAL INS. CO.



FEDERAL INSUBANCE COMPANY,

Jersey City, N. J.

Home Office, 15 and 17 EXCHANGE PLACE.

[Incorporated Febninrv 1, 1901 ; commenced business March, 1901 ; admitted

December, 1008.1

President, PKRCY CHUBB. Vice President, HBNDON CHUBB.

Secretary, \rAX GRUNDNER.

CAI'ITAL STOCK.
Amount of capital paid up in cash $1,000,000 00



Amount of ledger assets, December 31 of previous year $3,307,095 71

INCOME.

Marine
and inland.

Gross premiums $3,757,521 94

Deduct reinsurance premiums, mnrino and in-
land, $2,133,601.52 : return premiums, murine
and inland. $258,674.15 2,302.275 67

Total premiums (other than perpetual) $1 ,365,246 27

Gross interest on mortage loans $1.350 00

Gross interept on bonds and dividends on stocks,
less $3,320 04 accrued interest on bonds ac-
quired during the year 106,910 63

Gross interest on deposits in trust companies

and bankp 7,268 39

Gross interest from all other sources :

On agents' balances 1,026 26



Total gross interest nnd rents 116.554 28

From other sources : Profit on bank exchange 252 10

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

Bonds 2, 563 37



Total income $1,484,616 11



Total footings $4,792,611 82

DISBURSEMENTS.

Marine
Fire. and inland.
Gross amount paid policyholders for
losses r including $602,435.14 oc-
curring In prexioiis venrs) $1 19 $1,794,209 02 *

Dedu<»t amount received for salvage,
flro, Sg.Ofi : marine and inland,
$103.818. 1.T ; reln.surance, marine
and inland $1,141,8.39.58 —8 00 1.245,657 71



Net amount paid policyholders for

'o.-srs — $6 87 $548,551 31 $548,544 44

Rxpeupe of adjustment and settlement of losses 24.218 81

Commissions or brokerage 577.872 91



Digitized by



GoogI(



FEDERAL INS. CO. 407

Expenses of special and general agents 4,261 00

S&larien, fees, and nil other charges of oflacers, directors, trustees

and home office employes 5, 733 64

Advertising, $1,250.40; printing and stationery, $2,883.27 4,138 76

Postage, telegrams, telephone and express 2,068 80

Legal expenses 700 73

Underwriters' boards and tnrilT associations 1 ,583 41

Fire department, :ire patrol and j^lvage corps assessments, fees,

taxes and expenses ,476 08

Inspections and surveys 3,094 15

State taxes on premiums 38,041 20

Insurance department licenses and fees 3,700 04

All otner lict nses, fees and taxes :

Federal corporation tax $1,621 H7

Licenses 517 01

Taxes 274 80



2,4i:j 54



Other disbursements :

Tracings $2,520 63

Sub.scriptions to papers 270 46

Audit of accounts 176 00

Uent of life deposit safes 86 00

Paid stockholders for interest or dividends (amount declared

during the year^ 100.000 00

Agents' balances chnrced off 2.609 57

Gross loss on sale or maturity of ledger assets: Bonds 1,377 48

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

Bonds - 4,608 90



3.060 90



Total disbursements $1,329,695 31



Balance $3,462,916 4H



LKPGER ASSETS.

Mortgage loans an real estate, first Hens $30,000 00

Book value of bonds, $2,618,223.84. and stocks,

$83,026.75 2.701 .250 59

Cash In company's ofQce $4,728 16

Deposit<i in trust companies and

banks not on intere«'t 08,958 81

Deposits In trust companies and

bands on Interest 313.828 12

417,516 09

Agents' balances representine business written

5mb«5'»quent to October 1. 1913 279,845 36

Agents' balances representing business written

prior to October 1, 1 !)!.•? 33,219 30

Bills receivable, taken for marine and Inland

risks 1.086 14

Total ledger as.sets $3.462,91(^ 4R

NON-LEDGKR AS.SETS.

Interr«»t accrued on mortgages $1 12 60

Intenst accrued on bonds 33,363 33

r?3.4fi6 8.^

Other non-ledger assets: Losses, etc., due from reinsurers 62,843 05

Gross assets .* $3,550,225 34

DEDUCT .\SSKTS NOT ADMITTED.

Agents* balancr^ representing business written

prior to October 1, 1013 $33,219 30

BlTls receivable, past due, taken for marine,

inland and fire risks .no 00

Book value cf Jodqer assets over market value.. 168,435 59



201.704 89



^otal admitted assets $3,.3.'»7.,VJ0 45

Digitized by LjOOQK



408 FEDERAL INS. CO.



LIABILITIES.

Gross losites adjusted and nnpnld $92,428 96

Gross claims for losses In procfFs of adjustment
or In suspense, plus 19,000.00 ; reserve for
tosses incurred prior to Dec .31, of which no
notice had been received on that date 714,818 00

Total $807,246 96

Deduct reinsurance duo or accrued ,3JS6,818 00



Net amount of unpaid losses and claims $450,428 96

Gross premiums (leso reinsurance) (cash and
Mils) received and receivable upon all unex-
pired Inland navigation risks, $918,008.76; un-
earned premiums (fifty per cent) $459,004 ,18

Gross premiums rless reinsurance) (cash and
bills) received and roceivable upon all unex-
pired marine risks, $228,390.11 152,139 95

Total unearned premiums as comput(»d above 611,144 ^

Dividends declared and unpaid to stockholders 60,0<)0 00

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

cnied 3,000 00

Estimated amount hereafter payable for federal, state and other

taxes based upon business of the year of this statement 45,000 00

Commissions, contingent or other charges due or accrued 52,892 81



Total amount of all liabilities except capital $1,222,466 10

Capital actually paid np in cash $1,000,000 00

Surplus over all liabilities 1 , 135,054 35



Surplus as regards policyholders 2,1 35,051 35



Total liabilities $3,357,520 45



RISKS AND PREMIUMS.

Gi*oss
Marine premiums

Inland risks. thereon

In force on the 31st day of Peeember, 1912 $20 1,8.32.. 5.39 $1,784,217 .02

Written or renewed during the year 1.452,248.715 3,757,.'»2l 94

Total «. $1,654,081.2.54 $5,541,738 96

Deduct those expired and marked oft as terml-

nati»d 1,445.284,871 3,709,933 68

In force at the end of the year $208. 796. .383 $1,831,805 28

Deduct amoimt reinsured 94,693.067 685.400 41

Net amount in force $114,103,316 $1,146,404 87



BUSINESS ir THE ST.VTE OF WISCONSIN DURING THE YEAR.

Fir**.

Gross rI.Hks written $2,667,449 00

l^ss risks eane<'Iled .561 . 160 00