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Wisconsin. Dept. of Insurance.

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Totals |$1. 262,501, 219|$13,3a8,178 78|...

\ I I



17.095,623 21



I



BUSINESS IN THE STATE OP WISCONSIN DURING THE YEAR.



Fire.



Gross risks written $24,838,114

Less $5,346,919 risks cancelled,

and $708,564 reinsurance in

companies authorized in Wis-]

cousin 4 1 4,604,969



Net risks written



1=



$20,233,645



Marine and
Inland. I

I



$81,011



38,884



$46,027



Tornado.



$8,169,317



1,412,020



Gross premiums on risks writ-| |

ten .\ $295.048 341

Less $39,989.02 return pre-
miums; and $4,587.62 pre-
miums for reinsurance in-,
companies authorized in
Wisconsin



30,631 87



Net premiums received..

Losses paid (deducting: sal-
vage)

Less losses on risks reinsured
in' companies authorized in
Wisconsin



$258,416 47



I



$6,767,297



$1,061 28|



860 61



$64»342 :



7.094 26



$316,765 37



I
$116,300 81!

802 84



$1,100 77 $57,248 13

$900 32| $13,177 68] $130,378 81



10 00



Net losses paid | $115,497 97|

1=



$890 321 $13,177 68



Total.



$33,092 342



6,065.473



$27,036,869



$361,342 01



44,676 64



812 84



Losses incurred I $116,252 64j

Less losses on risks reinsuredl I

In companies authorized ini |

Wisconsin I 932 84]



=1=



$775 32
10 00



Net losses incurred



=1=



$129,666 97



$13,582 69' $130,660 65
I 942 84



.1 $119,319 80| $765 32] $13,532 69| $129,617 81

i I I I



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422



J'roELlTY-I>HENlX PIRE iNS. CO.



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premlnms.



I



Total premiums ! $0,289,889 551.

Add unpaid return and reinsurance
premiums Dec. 31, 1912 | 5,000 00| .



I-



Total : 1 $6,294,889 55|.

Add unearned premiums Dec. 31. 1912 6,834,792 28|.



Total _ |$13, 129,681 83

Deduct unearned premiums Dec. 31. |
1915 1 7,160,947 43

Premiums earned during 1913 |



UNDERWRITING FROFIT AND |
LOSS ITEMS. I

Gain from agenta' balances previously l
charsred off |

Loss fronf agents' balances charged!
off I

Gain from above |

Agents' balances and bills |

receivable not admitted |

Dec. 31, 1912 $63,062 46'.

Agents' balances and bills i

receivable not admitted |

Dec. 31. 1013 76,573 25|.



$5,968,734 40



I

I

I

$364 241

53 16



$311 08



Loss from above \

Loss from underwriting profit and|
loss items |.



13,520 79



Underwriting income earned during!
1918 1.



LOSSES.



Losses paid

Deduct unpaid losses Dec. 31. 1912..

Balance

Add unpaid losses Dec. 31, 1913



Losses Incurred during 1913



UNDERWRITING EXPENSES.

Underwriting expenses paid during
1913

Deduct underwriting expenses unpaid|
Dec. 31, 1912 |



$3,281,196 74
535,623 40



$2,745,573 34
440,432 60



13,209 71



$3,180,005 94



$2,622,364 63|.
195.000 001 .



Balance I $2,427,364 63

Add underwriting expenses unpaidi



Dec. 31, 1913



Underwriting expenses incurred dur
ing 1913



Underwriting losses and expenses
Gain from underwriting during 1913|



197,657 24



$5,906,524 e9



2.625,021 87'.






6.811.027 81
$144,496 88



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PIDELITY-PHENIX PIRE iNS. CO. 423

UNDERWRITING AND INVESTMENT EXHIBIT- -Continued.



INVESTMENT EXHIBIT. |

I

Interest and Rents. '|

Interest, dividends and rents received!

daring tbe year (

Deduct interest, dividends and rents!

due and accrued Dec. 31. 1912 I



$568,439 62
94.851 88



Balance I $473,587 74

Add interest, dividends and rents due I

and accrued Dec. 31, 1012 .j 33.739 47



Total I

PROFIT ON INVESTMENTS. I

Gain from sale of ledger assets I $9,521 00

Gain from increase in book valuel

of ledger assets I 315. 809 00

Gain from change in diflference be-I

tween book and market value dur-|

Ing 1913 1 66.520 66

Gain from other investments | 9,130 85



Profit on Investments during 1913... j.

Investment income earned during 19131

LOSS ON INVESTMENTS.



$507,327 21



400.981 51



Loss from sale of ledger assets
Loss from decrease in book value of
ledger assets



$21,568 001.
1,174.232 501.



Loss from Investments during 1913... | ..| $1,195,800 50

INVESTMENT EXPENSES. \ I

Investment expenses paid during 1913) I 26.593 64

Investment losses and expenses dur-l I I

Ing 1913 1 1 ! 1.222.394 14

I I I

Loss from Investments during 1913 ..j I I $314,085 49



$908,308 72



MISCELLANEOUS EXHIBIT. |

Dividends declared to stockholders!

during 1913 |.

Gain from other sources |.

Loss from other sources I .



Gain in
Surplus.



$3,978 971.



Loss from above ' I.

I I-

Total gains and losses in surplusi I

during 1913 1 1

Surplus Dec. 31. 1912 1 $4,599,670 Oil.

Surplus Dec. 31. 1913 4.180,056 92|.



Loss in
Surplus.

$250,000 00
$250,024 65



I
$144,496 88| $664,109 97



.|.



Decrease in surplus during 1913
Totals



.1.



410.618 09t.

!_



I



$664.109 971 $664,109 97



Per cent of losses Incurred to premiums earned .'iS 38.
Per cent of underwriting expenses incurrod to premiums earned 43.98.
Per cent of investment expenses incurred to Interest and rents earned 5 24.
Per cent of total losses and expenses incurred and dividends declared to
total income earned 106.11.



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424 PIRE ASSOQATIOK OP PfilLAbELPtilA.



tlBS ASSOCIATION OF PHILADELPHIA,

Philadelphia, Pa.

Home Office. 401-5 WALNUT STREEl'.

[Incorporated March 27, 1820; commenced business Sept 1, 1817.]

Dntc of admission Into Wisconsin, May 29, 1873

Presldont, E. C. IRVIN. Vice President, P. H. CONDERMAN.

Secretary, M G. OAURIGUES.

CAPITAL STOCK.
Amount of capital paid up in cash $750,000 00



Amount of ledger assets, December 81 of previous year 10,016,027 54

INCOME.

Fire.

Gross premiums $6,048,586 98

Deduct reinsurance premiums, fire, $1,008,250.15,

return premiums, fire, $782,200.85 1,790.457 00

Total premiums (other than perpetual) $4,258,128 98

Deposit premiums written on perpetual risks (gross) 21,498 88

Gross interest on mortgage loans, less $1.930.1.3
accrued Interest on mortgages acquired during
the year $115,924 12

Gross Interest on collateral loans 0,341 40

Gross interest on bonds and dividends on stocks,
less $2,347.09 accrued Interest on bonds
acquired during the year 241 ,562 24

Gross interest on deposits in trust companies and
banks 5.171 55

Gross interest from all other sources :

Interest on agents* balances ' 63 33

Interest on deposits with Underwriters' Assn.... 22 02

Gross rents from company's property, including
$15,000 for company's occupancy of Its own
buildings 33.077 15

Total gross interest and rents 402. 161 81

From other sources : Kanr^d deposits 5,'»^ft 9"^

From agents' balances previously charged off 360 68

Gross profit on sale or maturity of ledger assets :

RoPds $3.273 22

Stocks 15 27



3.. 308 49



Total income $4,690,540 62



Totel footings $13,705,568 16

DISBURSEMENTS.

Fire.
Gross amount paid policyholders for losses (in-
cluding $331,351.04 occurring in previous

years) $2,682,930 29

Deduct amount received for salvage, fire
$18,466 9'' : reinsurance, fire, $397,309.39 ;
discount, fire, $1.882.62 417,158 97

Net amount raid policyholders for losses $2,265,771 32

Expenses of adjustment and settlement of losses 42,019 84



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PIRE ASSOCUTION OP PHILADELPHIA. 425

Commissions or brokerage 828, 022 47

Allowances to local agencies for miscellaneons agency expenses... 11,176 13
Salaries $178,443.59, and expenses, $120,741.61, of special and

eeneral agents 299, 185 20

Salaries, fees, and all other charges of officers, directors, trus-
tees and home office employes 186,302 39

Rents, including $15,000.00 for company's occupancy of its own

buildings 28,339 11

Advertising, $6,500.65; printing and stationery, $30,538.45 36,039 10

Postage, telegrams, telephone and express 28,736 02

Legal expenses 2,348 03

Furniture and fixtures 7,039 02

Maps, including corrections 16,249 60

Undei-wrlters boards and tarlfl* asROclations 48.729 89

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

taxes and expenses 17, 166 67

Inspection and surveys 28, 656 41

Repairs and expcnncs (other than taxes) on real estate 5,231 04

Taxes on real estate 8.912 96

State taxes on premiums 92,500 36

Insurance department licenses and fees 24,658 37

All other licenses, fee«i and taxos :

Federal corporation tajL $5, 244 81

State tax on capita* 15, 332 80

Municipal license Ux 13,510 63

34.088 24

Other disbursements: Profit and loss — bond and mortgage.... 600 00

Deposit premiums returned 58,261 68

Paid stockholders for interest or dividends 300,000 00

Agents' balances charged off 462 57

Gross loss on sale or maturity of ledger assets:

Real estate $1,375 90

Bonds 4,137 50



6,513 40
Gross decrease, by adjustment, in liook value of ledger assets :
Real estate 83,081 69



Totel disbursements $4,459,976 40



Balance $9,245,592 76



LEDGER ASSETS.

Book value of real estate $737,162 67

Mortcaire loans on reni ostatp first liens 2,014,176 66

Loann secured by pledge of bonds, stocks or

othnr collateral 139,527 12

Book vnlue of Ix)nd<», $4,*<75.32, and stocks,

$3ir,.31.i.47 5.191,288 79

Cnsh In company's ofiico $21,806 28

Deposits in trust companies and

hanks not on interest 83. .'»12 72

Deposits in trust companies and

bunks on interest .'^04,285 74

409,004 74

Ai^^nfs' balances representlne business written

subsequent to October 1. 1913 659,179 O.*)

Agents' balances representing business written

prior to October 1, 1913 4,652 83

Total ledger assets $9, 245, 592 76

NON-LEDGER ASSETS.

Interest due, $5,275.32 and accrued, $28,84u.88

on mortgages $34. 1 22 2<>

Interest accrued, $72.6.32.67 on bonds 72.632 67

Interest accrued. $1,299.98 on collateral loans... 1.299 98

Interest accrued on other assets 1,066 89

Rents due. fl,663..S2 and accrued, $,"i2.«3 on com-
pany's property or lease 1 . 716 45

Total 110. 837 69

P^pos? assets $9,356,430 45



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426



FIRE ASSOCIATION OF PHILADELPHIA.



NON- LEDGER ASSETS.

Company's stock owned $10, 075 00

Agents' balances, representing business written

prior to October 1, 1913 4,652 83

Boole value of ledger assets over marleet value:

Stocks and bonds 164.961 79

Real estate 21,912 67 201,622 29

Total admitted assets $9,1 54,808 16

LIABILITIES.

Gross losses adjusted and not yet due $103,801 09

Gross cltlms for losses In process of adjustment
or In suspense, plus $25.000 ; reserve for losses
incurred prior to December 31 of which no
notice had been received on that date 286.633 94

Gross claims for losses resisted 55,111 60

Total $445,546 63

Deduct reinsurance due or accrued 90,720 43

Net amount of unpaid losses and claims $354,826 20

Gross premiums (less reinsurance) received and receivable upon

all unexpired fire risks. $7,502 742.71; unearned premiums... 3,905,141 60
Amount reclalmable by the insured on perpetual fire insurance

policies, being 90 and 95 per cent of the premium or deposit

received 1,540,295 71

Salaries, rents, expenses, bills, accounts, fees, etc., due or ac-
crued - 6, 679 81

Estimated amount hereafter payable for federal, state and other

taxes based upon business of the year of this statement 40,000 00

Tital amount of all liabilities except capital $5,845,943 32

Capital actually paid up in cash $750,000 00

Surplus over all liabilities 2.558.864 84

Surplus as regards policyholders 3.308,864 84

Total liabilities $9,154,808 16



RISKS AND PREMIUMS.

Fire
risks.

In force on the :n«Jt dny of Peeenibcr, 1012.. $7^2,64.'^. 01.*?

Written or renewed during the year 540,078,643

Total $1,302,723,656

Deduct those expired and marked off as ter-
minated 506,166.198

In force at the end of the year $70fi,557,458

Deduct amount reinsured 75,078,715

Net amount in force..., $721,478,743



Gross

premiums

thereon.

$8 041.2SI 08

6.048,585 98

$14,089,867 06

5.815.069 23

$8^274,797 83
772,055 12

$7,502,742 71



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FIRE ASSOCIATION OF PHILADELPHIA.



427



RECAPITULATION OF FIRE RISKS AND PREMIUMS.



Year
written.



Term.



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

Four years

Four years

Five years

Five years

Five years

Five years

Five years

Over five years .



Totals

I Perpetual risks



Amount
covered.



Gross
premiums
chartred,
lea« re-
insurance.



$205.

2

3

93

104,

116

1

1

1

1

27,

30,

36,

40

44

10,



I-



$721.
74



037.651
796,673
486.012
616,497
760,008
253,880
093.933
137,353
324,119
436,817
872,342
209.241
744,996
256.448
672.461
,771,3121
-I-



$2,619.

25.

29,

907,

927.

1,081,

11,

10.

14.

14,
283,
314.
344,
403,
443.

09



913 64
729 27
966 24
071 79
474 04
443 97
773 83
969 43
932 16
334 27
960 75
221 83
707 30
001 83
316 73



1-2

1-4

3-4

1-6

1-2

6-6

1-^

3-8

6-8

7-8

1-10

3-10

1-2

7-10

9-10



823 631 P. R.



478.7431
,376,313'



$7,502,
1.686



742 71|....
,126 31I90&99



Grand totals.. .| $795. 855, 056] $9,188,869 02

I I



A mount of
premium
unearned.



$1.



309,956 82

6.432 81

22,467 18

151.178 63

463.737 02

901.204 98

1.471 73

4.121 04

9.332 60

12.542 49

28.396 07

04.266 55

172.398 65

282,101 28

396,985 06

46,549 19



905,141 60
540,295 71



$5,445,437 31



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.

Fire.

Gross risks written $14,278»458 00

Less $3,013,046.00 risks cancelled and $317,791.00 reinsurance

In companies authorized In Wisconsin 3,330,837 00

Net risks written $10,947.621 00

Gross premiums on risks written $156,039 22

Less $23,032.05 return premiums: and $2,704.74 premiums

for reinsurance In companies autnorlzed In Wisconsin 25,787 89

Net premiums received $180,801 88

Losses paid (deducting salvage) $48,825 96

Less losses on risks reinsured in companies authorized in Wis-
consin 1,93102

Net losses paid $46.894 94

Losses Incurred $50, 189 16

Less losses on risks reinsured in companies authorized in Wis-
consin 2.035 67

Net losses Incurred $48. 153 49



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428



FIRE ASSOCIATION OP PHILADELPHIA.



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.

Total premiums $4,270,622.81, less $58,-'
261.68 *

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



I
I
I
$4,221,361 131.

12,203 06'.



Total $4,233,56000

Add unearned premiums Dec. 31 of!
preyious year, and $1,574,187.52 re-I
claimable on perpetual Insurance..) 5,350,306 03



Total I $0,683,063 12|

Deduct unearned premiums Dec. 31,1
end of the year, and $1 ,540.205.71 j
reclaimable on perpetual Insurance] 5,445,437 31



Premiums earned durlncr the year ..|.



UNDERWRITING PROFIT AND
LOSS ITEMS.



Gain from af^ents* balances previouslyl
charged off $360.58 and from otber|
underwriting income $5,086.03 |

Loss from agents* balances charged]
off



-I



$4,138,525 81



I



$5,447 51
462 57



Gain from above ...

Agents' balances and bills
receivable not admitted
Dec. 31, 1012

Agents' bolances and bills
receivable not admitted
Dec. 31, end of the year



Loss from above



I

$643 17).
I
I
4,682 83].

1



$4,084 04



4,000 66



Gain from underwriting profit ■ and]
loss items ] .



Underwriting income earned durlngl
the year |.



LOSSES.



075 281.



Losses paid

Deduct unpaid losses Dec. 31 of pre
vious year ,



$2,266,771 32 .
355,145 28.



Balance

Add unpaid losses Dec. 31, end of the
year



Losses incurred during the year ..
UNDERWRITING EXPENSES.



Underwriting expenses paid during] ;

the year $1,722,244 87!.

Deduct underwriting expenses unpaid] I

Dec. 31 of previous year j 33. 130 541 .



$1,010,626 04
354,826 20



$2,265,452 24



$4,130,501 Oft



Balance ] $1,680,114 33|.

Add underwriting expenses unpaid
Dec. 31, end of the year I 45.670 811.



Underwriting expenses incurred dnr] j I

Ing the year ., I I 1.734.704 14]



Underwriting losses and expenses...)

Gain from underwriting during the] I niniti^oH hv'— ^'^^Tr>

year 1 | . . . . WF.^.d ?) .] $lS»,t54 71



4.000,246 38



Mb ASSOCUi^Ok OF i>^lLAbELt>^IA.



4^d



UNDERWRITING AND INVESTMENT EXHIBIT-Continued.



INVESTMENT EXHIBIT.
Interest and Rents.

Interest, dividends and rents received
during the year

Dednet interedt, dividends and rents
dne and accrued Dec. 81. end of
the year ,



Balance

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



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 from other investments: Profit
and loss ,



Loss on investments during the year



INVESTMENT EXPENSES.

Investment expenses paid during the
year ,



$402,161 81
114,960 31



$287,192 50
110.837 60



$5,513 40
83,081 69

158.756 89
500 00



Investment losses and expenses dur-
ing the year



Gain from investments during the|
year |






$398.030 19



3.306 49



$247,851 98



24,139 87



MISCELLANEOUS EXHIBIT. |

Dividends declared to stockholders!
during the year I.



Total gains and losses in surplusl

during the year I

Surplus Dec. 31. 1912 | $2,590,263 30

Surplus Dec. 31. 1913 2,558,8W 84

Decrease in surplus during the yearj.

Totals .i I.



Gain in
Surplus.



$401.888 66



271.991 86



$1S9,846 8S



$268,601 54



81,398 46



I



$800,000 00



Loss in
Surplus.

$300,000 00



$300,000 00



$300,000 00



Per cent of losses incurred to premiums earned 54.74.
Per cent of underwriting expenses incurred to premiums earned 41 92
Per cent of investment expenses incurred to interest and rents earned 6 06
Per cent of total l^jses and expenses incurred and dividends declared 'lo
total income earned 100.60. ««r«u •«



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4S0 tolEMAN^S FUKD iKS. CO.



FIREMAN'S FUND INSTTBANOE OOUPANY,

San Francisco, Cal.

Home Office. 401 CALIFORNIA STREET.

[Incorporated May 6, 1863: commenced business June 18» 1863; admitted

February. 1870.]

President, WILLIAM J. BUTTON. Vice President, BERNARD PAYMONVILI/E.
Secretary, LOUIS WKINMANN.

CAPITAL STOCK.

Amount of capital paid up In cash $1.50 0,000 00

Amount of ledger aaaets December 31 of preylous year $9,260,109 18

INCOME.

Marine
Fire. and inland.

Gross premiums $8,119,149 08 $4,221,290 41

Deduct reinsurance premiums,
fire, $1,234,959.80; marine and
Inland, $450,523.48; return
premiums. Are, $1.643,016.04 ;
marine and inland, $1,548,-
998.66 2,877.975 84 1.999,517 14



Total premiums (other

than perpetual) $5,241,173 24 $2,221,773 27 $7,462,946 51

Gross interest on mortgage loans, less $4,134.42
accrued Intereet on mortgages acquired during
the year $73,222 65

Gross interest on collateral loans. . . .\ 21,488 16

Gross interest on bonds and dividends on stoclcs,
less $30,819 accrued interest on bonds ac-
quired during the year 266,606 63

Gross interest on deposits in trust companies
and banlcs 0.447 12

Gross interes't from all other sources:

Fire premium notes. 1,148 96

Gross rents from company's p\:operty. including
$14,700 for company's occupanc>- of its own
buildings 18,489 75



Total gross Interest and rents 390. 403 27

From agents* balances previously charged off 2,192 11

Gross profit on sale or maturity of ledger assets:

Bonds $3,595 00

Stoclis 3.075 00



7.270 ONO



Total income $7,862,811 80

Total footings $17,128,921 02



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FIREMAN *S FUND INS. CO. 431



DISBURSEMENTS.

Marine
Fire. and inland.

Gross amount paid policyholderf*
for losses (including $691.-
033.17 occurriUK in previous

years) $3,277,055 80 $2,500,706 74

Deduct amount received for sal-;
vagc, nre, $21,863.71 ; marine
and inland. $153,341.16; rein-
surance, Are, $646,563.67; ma-
rine and inland, $1,022,941.97;
discount, fire. $1,488.36 669,915 64 1.176,283 13

Net amount paid policyholders

for losses $2,607,139 66 $1,824,423 61 $3,931,668 27

Expenses of adjustment and settlement of losses 73,573 30

Commissions or brokerage Ii595,688 43

Allowances to local agencies for miscellaneous agency expenses 83.677 49
Salaries, $298,140.71, and expenses, $132,359.49. of special and

general agents 480,500 20

Salaries, fees, and all other charges of officers, directors, 'trus-
tees and home office employes 249.227 73

Rents, including $14,700 for campany's occupancy of its own

buildings 40,272 01

Advertising, $49,901.68; printing and stationery. $63.111.16.... 113,012 84

Postage, telegrams, telephone and express 43,030 17

Legal expenses 8, 138 45

Furniture and fixtures 5 . 798 55

Maps. Including corrections 12,921 60

Underwriters' boards and taritr associations 66.677 8T

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

taxes and expenses 12.472 82

Inspections and surveys 16,662 66

Repairs and expenses (other than taxes) on real estate 6,865 05

Taxes on real estate 6,267 83

State taxes on premiums 122,286 52

Insurance department licenses and fees 29,243 85

All other licenses, fees and taxes:

Fe<leral corporation tax $6, 712 89

Franchise and municipal taxes 5,834 39

Personal property tax 215 99

12,763 27

Other disbursements : Charities and donations 1 ,601 90

Paid .stockholders for interest or dividends (amount declared

during the year) 240, 000 00

Agents' balances charged off 10,594. 07

Gross loss on sale or maturity of ledger assets: Bonds 8,948 50



Total dlsbursenients $7,071,688 48



Balance $10,057,232 54



LEDGER ASSETS.

Book value of rea» estate $473,442 89

Mortgage loans on real estate, first liens 1,612,900 00

Loans secured by pledge of bonds, stocks or

other collateral 397.450 00

Book value of bonds. $4,848,353.67, and stocks.

$698,446 5.646,799 67

Cash in company's offices $13,133 80

Deposits in trust companies and

banks not on interest 107,280 21

Deposits in trust companies and

Imnks on interest 627,657 47

748,071 48

Agents' balances roprosenting business written

subsequent to October 1. 1913 1 ,179,454 00

Agents' bahincos reprenenting business written

prior to October 1, 1913 44,126 51

Bills receivable, taken for marine and inland

risks 10,349 35

Bills receivable, taken for fire risks 144,639 14



Total ledger assets $10,057,282 54

Digitized by LjOOQIC



432 FntEMAN^s PUND inS. e6.



KON-r.HJDGKR ASSETS.

Interest due, $2,114 and accriunJ, $8,933.S>1 on

mortgages $11,047 91

Interest accrued on bonds 81,092 11

Interest accrued on collateral loans .S37 14

Total 92.977 16

Gross assets t .$10,150,209 70



DEDUCT ASSETS NOT ADMITTED.

Agentf:' bal.^.nces representing business written

prior to October 1. lOl.t $44,126 51

Bills receivable, past due, taken for marine. In-
land and fire risks 9,922 83

Book value of ledger assets over market value :

Bonds and stocks. .' 228,846 13

Heal estate 2,442 39

285,837 86

Total admitted assets $9,864 ,871 84



LIABILITIES.

Groes losses adjusted and -unpaid $64,377 94

Gross claims for losses in proc<!SS of adjustment
or in suspense, plus $42,406.89: reserve for
losses incurred prior to December 31 of which
no notice had been received on that date.... 864,254 86
Gross claims for losses resisted 82,231 98



Total $1,010,864 78

Deduct reinsurance due or accrued 368,253 14



Net amount of unpaid losses and clalmis $642,611 64

Gross premiums (less reinsurance) received and
receivable upon all unexpired fire risks, $8,-
506,328.44 ; unearned premiums $4,408,594 97

Gross premiums (less reinsurance) (cash and
hills) received and receivable upon all unex-
nlrod time and nutomobile risks. $1,344,-
V43.83; unearned premiums ^flfty per cent).. 672,371 91

Gross premiums iless reinsurance) (cash and
bllltf) received and receivable upon all unex-
pired marine risks, $37,548.02 ; unearned pre-
miums (100 per cent) 37,548 02

I
Total unearned premiums as computed above 5,118.514 90

Salaries, rents, expenses, bills, accounts, fees, etc., due or ac-
crued 2,500 00

BstI mated amount hereafter payable for federal, state and other



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