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.