Report online

previous year



Balance

Add unpa'd losses December 31, end
of the year



Losses incurred during the year

TTNDERWRITING EXPENSES.

Underwriting expenses paid during
the vear

Deduct underwriting expenses unpaid
December 31 of previous year



Balance

Add underwrlt'nc expenses nnpnid
December 31, end of the year



T'luler^ritlnir expenses incurred dur
Ing the year



Underwr'ting losses and expenses.



Losses from underwriting during the'
year



I



I
I
$930,314 921.

r

479,785 611.



$1,410,100 53|.
612,204 451.



I



$767,896 081.
I
I



$H9 14|.

I
I



5.203 181 .



5.352 32!.



.1 $762.. 543 76

I



I

I

$440,680 13|.

I

0.902 501.



-I

$i:i3,717 631.
I
6.113 .311.



.-I



$139,830 941.

I
60,385 571.

$379,445 .37



I
85.465 .501.



.1.



I
J $404.910 871.

I I

I '



I



.r.20.9lK) 191.
I
19.. 3,30 401.

$301,659 791.
I
28.247 .551.



I
329.907 3*1.

I



704.818 21



$f2.27l 46



Digitized by



GoogI(



470



GERMAN FIRE INS. CX).



UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



INVESTMENT EXHIBIT.
Interest and Rents.



I



Interest, dividends and rents received i
during the year |

Deduct Interest, dlvlciends and rental
due and accrued December 31, endj
of the year |

Balance |

Add interest, dividends and rents duej
and accrued December 31, end of|

the j'ear 1

I-
Interests and rents earned dur-|
Ing the year |.



PROFIT ON INVESTEMENTS. |

Ga?n from change In difference be-|
tween book and market value dur-|
Ing the year I .



Investment income during the year.. I



LOSS ON INVESTMENTS I

I
Loss from other investments, balance|
on mortgage charged off |.



INVESTMENT EXPENSES. |

!
Investment expenses paid during thel
year | .



Investment losses and expenses dur-j
ing the year j.



$34,074 92
0,072 24



$28,002 68
8.202 08



Gain from inevstmonts during the|
year I.



MISCELLANEOUS EXHIBIT. t

Dividends d(»clared to stockholders!
during the year I .



Total gains and losses in surplus!

during the year |.

Surplus Dec. .31, 1012 I

Surplus Dec. 31, 1913 1



$219. P14 761
218,7^1 61



Decrease in surplus dur'ng the year.



1-



Totals



I



I
I
$36,204 761 .

I

I



I
22,550 871.



$58,735 57



I

I

$3,000 001 .

!
I



4,634 271.



7.034 27



.1 2*5]. 121 89



Gain in
Surplus.



Loss in
j Surplus.

.1 $20,000 00



$61,121 801



I.ISS 15!



$52,274 45



;r52.274 45"



$52,274 45



Per cent of losses incurred to premiums earned 60.54.
Per cent of underwriting expenses Incurred to premiums earne<l. 42.94.
Per cent of Investment expenses incurred and dividends tleclared to total
income earned, 100.14,



Digitized by



GoogI(



GERMAN FIRE INS. CO. 471



OEBMAN FIBE INSUBANCE COMPANY,

Pittsburgh, Pa.

Home Offtce, 21G-218 FOURTH AVENl E.

[Incorporated March 27, 1862; commenced business July, 1862; admitted

Auciist, 188r>.J

rn'sidrnt, A. E. Sr<VOP. Vice Tresident, JOHN A. ECKEltT.

Secretary and Treasurer, A. H. ECKERT.

CAPITAL STOCK.

Amount of capital paid up in cash __?i??!^2!??J!2

Amount of ledger assents, December 31 of previous year ,. $1,100,385 93



INCOME.

Fire.

Gross pnmiumK $821 .097 40

Deduct reinsurance, tire. $106,823.49; return

l)reraium8, lire, $133,231.07 240.055 46

Total premiums (other than peiT>etual) $581,041 94

Gro88 Interest on mortffase loans $31 .706 92

Orops Interest .'»n collateral loan« 9.215 64

Gross infcnpt on honds and dividends on stocks 3,327 40

Gross in*er St on deposits in tnist companies

and brinks 1 , 229 18

Gross interest from all other sources :

Interest or. past due accounts 160 54

Interest on dep^lt with IMiiladelphia Under-
writers' Association 3 15

Gro«»s rent from com:)any's property, including;

$7,500 for company's occupancy of its own

buildings 9.818 96

Total gross interest and rents 55.461 79

Tntal income $fi36. .'.03 73

Total footinirs $1 , 736,889 66



DISRURSEME.NTS.

Gross amount paid policyholders for losses Cin-

Mudinj? $47,^41.04 ocmirrlnp- in provions years) $378.2.38 38

Deduet amount received for salvajre, fire,

$4,100.10: reinsurance, fire, $.58.014.36 62.204 46

Net amount paid policyholders for losses $316,033 92

Expenses of adjustment and settlement of losses !).045 27

Commissions or brokeratre 164 .008 18

Salarlps, S,5.i:i4. and expenses. $3.R76.<)9. of special atjents. . . . O.fiOt) 09
Salarlns, fee^. and all other charges of oftleers, directors, trustees

and home office* emnloyes .10. 572 76

Rents for comnanv's occupancv of Its own buildings 7,500 (M)

.^dvertNInir. $1.9'.T» O.". : ^^rlntlnff and stationery, $2.306.25 4.231 .30

Postage, telegrams, telephone and express 4.800 99

I^egal expeuFes .^♦04 88

Furniture and fixtures



Digitized by



(ioogi(



472 GERMAN FIRE INS. CO.

Maps, includini? correotions 3 ,563 74

Underwrileru' boards and tarift' associations 4,085 15

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

taxes and expenses- 1,895 42

Inspections' and surveys 2,287 12

Repairs and expenses (otlier than taxes) on real estate 3,622 S2

Taxes on real estat?* 2,398 16

State taxes on premiums 12.750 21

Insurance department licenses and fees 3,181 16

Ail other licenses, fees and taxes :

Federal corporation tax $538 24

Capital Steele fnx 1,149 63

Local licenses and fees 198 65

, 1,886 52

Other disbursements :

Mercantile reports nnd reference books $808 05

Hon.e office miscellaneous expense 2,3^3 63

Department oflioe expense 8,415 17

6,566 75

Paid stockholders for interest or dividends (amount declared

during the year) 36,000 00

Agents* balances char»red off 140 43



Total disbursements $625,062 84



Balance $1,111,826 82



LEDGER ASSETS.

Book value of real estate $139,565 35

MortKnge loans on real estate, irst liens 536,266 69

Iioans secured by pledge of bonds, stocks or

other collateral 88,826 00

Book value of bonds, $20.2r.0.14, and stocks,

$46,678 66,938 14

Cash in company's office $733 06

Deposits in trust companies and

banks not on interest 162.851 11



163,684 17
A)K»nts' halnnces representing business written

subsequent to October 1, 1013 104,175 72

Ap'nts' balances representing business written

prior to October 1, 1913 12,371 75

Other ledger assets :

Deposit with Philadelphia T^nderwriters' Assn. 100 00



Total ledger assets $1,111,826 82



NON-LFDGER ASSETS.

Interest due. $1,436.6.5 and accrued, $8,183.96 on

mortgages $9,620 61

Interest accrued on bonds 162 50

Rents due on company *3 property or lease 180 00



Market value of real estate over book value.. 25,134 65

Other non-ledger assets :

Reinsurance recoverable on paid losses 3,013 69



Gross assets $1, 149,938 27

DEDl'CT ASSETS NOT ADMITTED.

Agents' balances representing business written

prior to October 1, 1913 $12,371 75

Book value of ledger asFots over market value :

Bonds and bank stocks 4 , 193 14

' 16, .564 89



Total admitted assets . . , . , , T$l . 133. 373 38



Digitized by



=-T-T-^~-r=?;3



Google



GfiiRMAK tmB ms. 00.



m



LtABIUTIfiS.

GhMBB lOMCi adjusted and not yet due $10,850 80

Gross claims for losses in process ot adjustment
or iD suspense, plus $8,137 ; reserve for losses
incurred prior to December HI of which no

notice had been received on that date 28,061 00

Gross daimr. for losses resisted 4,772 65



Total $52,184 44

Deduct reinsurance due or accrued 11,066 73

Net amount of unpaid losses and claims

Gross prenilumt* (less reinsurance) received and receivable upon
all unexpired fire risks, $1,187,305.67; unearned premiums..

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

Estimated amount hereafter payable for federal, state and other
taxfs bascjd upon business of the year of this statement. . . .

Commissions, contingent or other charges due or accrued



Total amount of all liabilities except capital.



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



$300,000 00
173,718 79



Surplus as regards policyholders.



$41,118 71

607,260 18

1,904 90

8,715 63
665 17



$659,654 6J9



473,718 79



Total liabilities T $1,133,373 88



RISKS AND PREMIUMS.

Gross
premiums
Fire risks. thereon.

In force on the nist day of December, 1912 $128,126,697 $1,322,592 07

Written or renewed during the year 78.844,600 821,097 40

Total $206,97.1,297 $2,143,689 47

Deduct tho.so ex|;Ired and marked off as termi-
nated 70.560,154 780,232 77

«

In force at the end of the year $136,411,143 $1,363,456 70

Deduct amoimt reinsured 15,014,503 176,151 03

*

Net amount in force $120,796,640 $1,187,305 67



RECAPITULATION OF FIRE RISKS AND PREMIUMS.



Year
written.


Term.


Amount
covered.


Gross
premiums
charged,
less re-
insurance.


il


Amount of
premium
uuearuetl.


1913

1912

1913


One year or less

Two years

Two years


$26,227,054
568.037
561,613


$304,544 90

6.050 19

5.731 67

216,885 63

217,227 51

238.347 49

2,340 38

2,267 27

1,491 76

1,831 40

29,141 38

31,110 89

47.936 00

41,300 66

41,098 54


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


$152,272 45
1,512 55
4,298 75


1911

1912

1913

1910

1911

1912

1913

1909

1910


Three years

Three years

Three years

Four years

Four years

Four years

Four years

Fite years

Five years


24,982,915

25.021,687

28,217,545

147,287

152.088

108,318

123,087

1,917,799

2,543,534

3,673,418

3.240,918

3,311,340


36,147 60

ias,613 75

198,622 91

292 55

850 23

932 35

1,602 48

2,914 14

9,333 27


1911


Five years


23,968 00


1912


Five years


28,910 46


1913


Five years


36,988 69




Totals ........






$120,796,640


$1,187,305 67




$607,260 18



Digitized by



GoogI(



474



GERMAN PIRE INS. CO.



BURINKSS IX THE STATE OF WISCONSIN DURING THE YEAR.

Fire.

Gross risks written $1,374,100

Less $219,011 rlbks cancelled, and $.54,660 reinsurance in com-
panies authorized in Wisconsin 273.677

Net i'sks written $1, 100^42jl

Grots pn miums on risks writt^'n $1.5,082 42

Less $1,834.90 rciiirn premiums, and $70:;.32 premiums for re-
insurance \n companies autlioriztnl In Wisconsin 2,5.38 .31

Net premiums received $12,544 11

Lodsos paid (dednctlntr salvage » $8,808 31

Less lospos on risks reinsured in companies authorized In Wis-
consin 884 10

Net losses paid $7 . 924 21

Losses incurred $9,846 65

Less l«>8^e8 ou risks reinsured In companies authorized in Wis-
consin 1,000 56

Net losses incurred $8, 346 09



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT. |
Premiums. I

Total premiums I

Add unpaid return prem'ums Dee. 31 j

of previous year |

I-



I
$581,041 941.



I



614.819 .531.



Total , I $1,195>61 47|.

Deduct unearned premiums Dec. 31.1 !

end of the year I 607.260 18'.

I

Premiums earned during the year..|



UNDERWRITING PROFIT AND 1

LOSS ITEMS. I

I

Loss from agents' balances charged'
off I

Agents' balances and bills I

receivable not admitted I

Dec. 31. 1912 $7,089 41|.

Agents* balances and bills |

receivable not admitted |

Dec. 31, end of the year.. 12.371 7.51.



.$140 43!



$588,601 291



.1



Loss from above

I-
Loss from underwriting profit ai)d|
loss items I .



5,2y^i .34



5.422 77



Underwriting Income earned during
the year 1



$583,178 52



LOSSES. I

I



I

!

$316. a33 921.

I



3.013 m

-I



Losses paid

Deduct salviige and reingiurance re-'
coverable Dec. 31, end of the year.. I

1-

Balance '

Deduct unpaid losses December 31 of|
previous yea*- '

Balance I

Add unpaid losses December 31, end'
of the year I

Losses incurred during the year I | $302,614 87|

Digitized by LjOOQIC



$313,020 23|.
!
.51.. 524 071.

$261,490 16|.

I
41,118 711.



German pire ins. cO.



475



UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



1 1

UNDERWRITING EXPENSES. i i

Underwriting expenses paid during] ,

tlie year ; |iG5,280 12;.

Deduct underwrltini? exiienses unpaid) |

Dec. 31 of previous year | 10,124 2f>|.

Balance I 1^256,164 81 1.

Add underwriting expenses unpuidj |

December 31 1 11 , 275 70; .

Underwi'itlng expenses Incurred dur-i |

Ing tlje year I j



206.440 5'<



I



Underwriting losses and expenses.

Gain from underwriting during the)
year I .



INVESTMENT EXHIBIT.
Interest and Rents.



Interest, dividends and rents receivedi

during the year |

Deduct Interest, dividends and rentM|

due and accrued Dec. 31, end of tUei

year I



I

$55,461 79'.

I

9,738 13|.



Balance [

Add interest, dividends and rents d^iei
and accrued De^. 81, end of tbej
year I



ToUl |.

PROFIT ON INVESTMENTS. |



:j;15,723 6b|.

I

9,963 11|.



.1 r»5,680 77

I
I



Gain from change in difference be-j
tween book and market value dur-|
ing the year |.



833 24



Investment Income earned during the|
year I



INVESTMENT EXPENSES. |

Investment expenses paid during the
year ! .



$56.. ^20 01



7.599 37



Gain from investments during tbej
year j,



MISCELLANEOUS EXHIBIT.

Dividends declared to stockholders
during the year



Total gains and losses in surplus

during the year

Surplus Dec. 31, 1912

Surplus Doc. 31, 1913



Gain in
Surplus.



569,05:) 44



f 14, 138 98



$48,920 64



Loss in
Surplus.



Increase in surplus during the year.
Totals



1-



$146,675 07 .
173,718 791.



$36,000 00
$63,043 72j $86,000 00



I



I



$63,043 72



27.043 72



4 63,043 72



Per cent of losses incurred to premiums earned, .51.413.
Per cent of underwriting expenses Incurred to premiums earned, 45.267.
Per cent of investment expenses incurred and rents earned, 1.3.047.
Per cent of total losses and expenses Incurred and dividends declared to total
income earned, 95.772.



Digitized by



GoogI(



4V6 G)cRkA^ FiR£ ms. 66.



aSKMAN Fl&E INSURANGE COMPANY.

Wheeling, W. Va.

Home Omce, 1219 CHAPLINE STREET.

llncoi-poratod May 15, 1867; commenced business July 5, 186T; admltt^

April 0, 1009.1

President, WM. P. RTIFEL. Vice President, ANTON REYAf ANN.

Secretary. P. RKISTPR.

CAPITAL STOCK.

Araount of »apitnl paid up in cash $200,000 00

Amount of l«?dger assets, Decenil>er ,11 of previous year $663,300 56

INCOME.

Fire.

Gross premiums $433,352 81

DeKluct reinsurance premiums, flre, $r»0,034.00 ;

return premiums, ilre, $76,414.75 132,479 35

Total premiums (otlier tlian perpetual) $300,873 46

Gross interest on mortgape loans $4,429 50

Gross interest on collateral loans 1,700 40

Gross interest on bonds and dLridends on stocks,
less $1G2.83 accrued Intorost on bonds acquired
during? tho year 19.649 67

Gross interest on deposits in trust companies

and bonks 69 94

Gross interest from all other .sources :

Interest on past due interest and deposits with

Underwriters' Board 6 09

Gross rents from company's property, including?
$1,800 for company's occupancy of its own
buildinpi 4,512 54



Total gross interest and rents 30,363. 14

Prom agents' balances previously charged oflf 36 00

Gross profit on sale or maturity of ledger assets: Stocks.... 204 00
Gross Increase, by adjustment, in book value of ledger assets:

Bonds 325 00



Total Income $331,806 60



Total footings .* $995,206 16

niRIUTRSEMENTS.

Gross amount pold policyholders for losses (in-
cluding $!:i.893.00 occurring in previous years) $186,611 33

Deduct amount received for salvage, fire,

$1,457..'J2; reinsurance, flre, $20,271.85 27,729 17

Net araount paid policyholders for losses $158,882 16

Expen<5es of adjustment and settlement of losses 4,237 67

Commissions or brokerace 70,496 32

Allowances to local agencies for miscellaneous agency expenses 73 95
Salaries, $14,643.16, and expenses, $11,614.62, of special and

general agents 26, 257 78

Snlarl'.*s, fees, and all other charges of ofBcers. directors, trustees

and home office employes 23, 101 00



Digitized by



GoogI(



GERMAN fire; INS. CO.



477



Rents for company's occupancy of its own buildings

AdvertisiDf?, $1,807.68: printing and stationery, $2,267.66

Postage, teli'graras. teleplione and express

Legal expenses

Furniture and flxluros

Maps, including corrections

Underwriters' Ininrd.s and tariff nssoclations

P'ire department, lire patrol and salvage corps assessments, fees,
taxes and expenses

Inspections and surveys

Repairs and expenses (otlier than taxes) on real estate

Taxes on rep-1 estate

State taxes on prtmiums

Insurance department lie*inpe8 and fees

All other licenses, fees and taxes :

Corporation tax, state $75 00

City of Wheeling, W. Va.. tax 636 36

State and county. W. Va.. tax 224 64



Other dlstnu-bements :

Offleers' bonds

Dun & Co . mercantile reports

Board of Trade and Municipal League.

Flor.d sufferers

T«aundry, lights and drinking water. . . .



$103


50


100


00


110


00


100 00


168


35



Paid stockholders for Interest or dividends (amount declared

during thi; year>

Agents' balai'.ces charged off. . . ,



Total dlsburser.entB
palancc



1


,800 00


4


,075


34


2.930 92




405 68




32


85


1


.473


33


4


.108


28


1


,617


12


1


,034


59


1


,464


42




623


67


6.351


96


3,008 60



936 00



581 85



18,000 00
90 55



$330,584 04
$664,622 12



LEDGKR ASKPT?.

Bnok value of real estate, ..,..., , . , . $66,353 95

Mortgage loans on real estate, first liens 61,700 00

T^oans secured by pledge of bonds, stocks or other

collateral 28.340 00

Book value of bonds 417.000 00

Cash m company's ofHce $4,408*37

I>;poHlt8 In tmst companies and

Cankt not on fptercst 25,084 71

Depoaltt In trust companies and

banki on Interest 7,022 44

86,615 62

Agents' balances representing business written

subsequent to October 1. 1913 47,012 26

Agents' balances representing business written

prior to October 1. 1013 1,484 86

Otner ledger assets :

Office furniture and flztures 6,266 04

Total ledger assets $664,622 12



NON-LKDGER ASSISTS.

Interest .accrued on mortgages $1,357 50

Interest accrned on bonds 5,542 91

Inter»'8t .iccrued on collateral loans 141 70

Interest accrued on other assets: Bank deposits 6ft 46

RentK accrued on comoany's propertv or lease.. 208 33

» 7,316 90

Market value of real estate over book value 8,646 05

Market value of bonds and stocks over book value 7,240 00

■■ ■ s ' •

GroM assets ^ ^ » ; . i . ^ . t ^ . . . . $687,825 07



Digitized by



GoogI(



478 GERMAN FIRE INS. CO.



m:i>ui:T assets not admitted.

Furniture, iixtures and safes $6,266 04

Aj;«»nts' bnlnnces ropivsentlng business written

prioi- to Octolw 1, 1913 1,434 35

Book value of ledprer assets over market value :

Market value of bonds below book value 8.020 00



15.720 39



Total admitted assets $672,104 68



LIABILITIES.

Cross losses adjusts and not yet due $19,883 90

Gross claims for losses in process of adjustment
or In suspense, plus $1,000 ; reserve for losses
Incurred piior to D«'ceraber 'M of which no

notice had l>een received »)n that date 14.431 06

Grosr. claims for losse> resisted 2.790 00



Total $37, 104 96

Defluct reinsurance due or accrued. 2,536 65



Net amount of unpaid losses and claims $34,568 3t

Gross premiums (kss reinsurance) received and receivable upon

all unexpired fire rbks, $523,368.30; unearned premiums.-... 276,554 54

Estimated amount hereafter payable for federal, state and other

taxes based upon business of the year of this statement 3.500 '"K)

Commissions, contingent or other charges due or accrued 1.050 00



Total amount of all liabilities except capital $315,672 85

ranltal avtually paid up In cash $200,000 00

Surplus r\er all liabilities 156.431 83



Surplus as regards policyholders 356.431 83



Total liabilities $672, 104 68



RISKS AND PREMIT'MS.

Gross
premiums
Fire risks. thereon.

In force ou th«' 31st dav of DewmUer, 1!)I2 $:»2.032.95r> $576,619 iVJ

Written or renewed diirlng the year 38,249,468 433.352 81

Excess of original i)remiums over amotint re-

ceivod for reinsurance 317 99

Total $90,282,427 $1,010,290 42

Deduct those expiivd and marked otT as termi-
nated 34,160,796 394.577 78

In force at th^ end of the year $56,121.63T $615,712 64

Deduct amount reinsured 7,700.212 92,344 34

1

Net amount In force $48,421,419 $523.368 30



Digitized by



GoogI(



GERMAN FIRE INS. CO.



479



RECAPITULATION OF FIRE RISKS AND PRKMH MS.



Year
wrltlen.



Term.



Amount
covered.



V
Gross -I

premiums 1 o <-
charred, I ^J
less re- 1^0



iosurance.



Amount of
premium
unearned.



1913
1912,
191.*?,
1911
1912
1913
1910
1911
1912
191.1
1909
1910
1911
1912
1913



One year or less.

Two years

Two yetlrs

Three years . . . .
Three years . . . .

Three years

Four years

Four years

Four years

Four years

Five yeais

Five years

Five years

Five years

Five years



Totals



$15,5.37,9931

JW.eiSl

84,6601

7.372,9841

8.:j:j8,,-»62|

0,844.82r>

65,417

34,266

9.2191

3,903i

674.. 5,14 1

1»74..5!M>|

1,588,8:^81

1.928.:i80l

1,912,626



$48,421,419



$184,322 35

40d 66

783 21

71,975 15

81.973 28

93.177 «)

690 13

464 421

170 991

61 74]

9,1"»5 55|

13.1.38 101

•20,167 651

22.318 77

*-i4,540 30|

$523,368 3o|.



1-2

1-4

3-4

l-«

1-2

5-<i

1-H

3-8

5 - 8

7-8

1 10

3-10

1-2

7-10

9-10



$')2,161 18

102 41

587 41

11.995 86

40.98<J (U

77,647 50

86 26

174 16

HK5 87

54 02

917 56

3.911 -13

10,08,3 83

15,62:? 14

22,086 27

$276,554 M



nr.SlNESS IN THE STATE OF WISCONSIN DURl.NG THE YEAR.

Fire.

Gross risks wrlitin $720,717 02

Lors $142,6.32.16 risks cnncolled. and $.31,189.16 r«»in8urancc in

companies atithorized In Wisconsin 173.821 32

Net r'sks written $540 . 895 70

Orc'ss premiums on risks written • $7,836 30

Le-^R $081 60 roturn premiums, and $6:{6,42 premiums for rein-

.suninc" in i*ompani;'s authorized in Wisconsin 1.618 02

Net premiums receivi-d $6,218 28

lx>!«ses pjild fdodiTtlnir salvage » $3,874 48

I/C!ss los-ses '>n risks reinsured in companies authorised in Wis-
consin 1 . 233 90

.Net losses paid $2. 640 58

losses Incurred " $0 . .345 6 1

I.*cfw losses (n risks reinsured In companies authorized in Wis-

consin 99 44

Net losses incurred $2. 246 1 7



Digitized by



GoogI(



480



GERMAN FIRE INS. C0»



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.

Total premiums

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



Total

Add unearned premiums Dec. 31 of
previous year ,



Total

Deduct unearned premiums Dec. 31,
end of the year



Premiums earned during the year.



UNDERWRITING PROFIT AND
LOSS ITEMS.



$300,873 40
84 94



$300,958 40
260,049 22



$570,007 e2
276,554 54



I



Gain from agents' balances previously |
charged off '

Loss from agents' balances charged
off

Loss from above

Agents' balances and bills

receivable not admitted

Dec. 31, 1912 $1,344 74

Agents' balances and bills

receivable not admitted

Dec. 31, end of the year,. 1.484 85



ttQBB frqm above.



$36 00
90 65



$54 55



ppss from underwriting profit and
loss items , . . . .



80 61



pndewriting income earned during the
yew



$293,453 06






144 16



|29a.aOB 98



LOBSBS.

LoMM paid T $18S.8ffi 16

Deduct unpaid loiteii Dec. 81 of pre- 1
Tious year I 28. 721 01

Balance I

Add unpatd losses December 81, end I
of the year

Losses incurred during the year I.



$180,160 25
84,668 81



UNDERWRITING EXPENSES. I

Underwriting expenses paid during!

the year I

Deduct underwriting expenses unpaid!

December 31 of previous year I

Balance I

Add underwrlt'ng expenses unpaldl
December 31, end of the year 1

Underwriting expenses incurred dur-l
ing the year |.



I



I



$164,728 66



$149,854 09).



3.600 OOi I.



-1
$146,254 091 .



4.550 00



I



Underwriting losses and expenses....)

Loss from underwriting during thej
yeat » . » . . . ... . . . .... . » ....



150,804 00).



815,682 ^



«**«



uiyiLizeu uy â– 



lts,tst It



d""



GERMAN PIRE INS. CO.



481



UNDERWRITING AND INVESTMENT ^XHIBIT-Contlnued.



INVESTMENT EXHIBIT.