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Interest and Rents.

Interest, dividends and rents received!
durint; tbe yeur j

Deduct interest, dividends and rents]
due and accrued iJccember 31, end
of the year I

Balance

Add interest, dividends and rents duel
and accrued December 31, end of|
the year



Total



PROFIT ON INVESTMENTS.

Gain from sale of ledger assets

Gain from increase in book value ofj
ledger assets ,

Profit on investments during the year'i

Investment income earned during thei
year



LOSS ON INVESTMENTS

Loss from change in difference be-"
ttveen book and market value dur
ing the year ,



INVESTMENT EXPENSES.

Investment expenses paid during the
year



Investment losses and expenses dur-l
ing the year )



GAin from Investments during the]
year



MISCELLANEOUS EXHIBIT.

Dividends declared to stockholders!

during tbe year t

Loss from other sources



Net InsR from above

Total gains and losses in surplus dur



ing the year

Surplus Dec. 31, 1912.
Surplus Dec. 31, 1913..



Decrease in surplus during the year,



Totals




23.766 451 .
IMO.OIl 98' $40,941 98



Per cent of losses Incurred to premiums earned, 56.1+.
Per cent of underwriting expenses incurred to premiums earned, 51..*?+.
Per oent of investment expenses incurred to Interest and rents earned. 12.0+.
PeF oent of total lossea au() Aspeps^a incurred and dlvMendf^ df^ojurod to tq(nl
rtPBffie P«1'»«<'' 1W.B+. "• ^ ...... n



8J-InP.-I



Digitized by



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482 GERMANIA FIRE INS. CO.



GERMANIA FIBE INSURANCE COMPANY,

New York City.

Home Omcc, 62 WILLIAM STREET.

Ilncorporated February, 1850: ooramencod business March, 1859; admlttcid
November IS, 1859.1

President. GKO. B. EDWARDS. Vice President, GUSTAV KEIIR.

Secretary, GUSTAY KEHR.

CAPITAL STOCK.

Amount of capital paid up in cash J'^'^^^^^^^J!?

Amount of ledger assets, December 31 of previous year $7,456,033 94

INCOME.

Fire.

Gross premiums $4,056,815 80

Deduct reinsurance premiums, fire. $552,086.1.3;

return premiums, fire, 1526,552.04 1,078,638 17

Total premiums (other tlmn perpetual) $2,978,177 72

Gross interest on mortgage loans $19,832 94

Gross interest on bonds and dividends on stocks,

less $2,049.76 accrued interest on bonds 263,027 99

Gross Interest on deposits In trust companies

and banljs 7.. 892 21

Gross interest from all other sources :

From branch offices* balances 227 84

, Prom prepayment of real estate taxes 122 21

Gross rents from company's property. Including

25,000 for company's occupancy of its own

buildings 47.689 93



Total gross interest and rents .* . 338,793 12

From other sources :

Conscience money received $25 00

Ten shares Underwriters* Salvage Co. of Chi-
cago 1 , 000 00



1,025 00

From agents' l)alances previously eharped off 54 32

Gross profit on sale or maturity oi ledger assets:

Bonds $687 50

Stoclcs 2,000 00



2,687 .'W



Total Income $3,320,737 66



Total footings $10,776,771 60

DISBURSEMENTS.

Fire.
Gross amount paid policyholders for losses (in-
cluding *204,9ti7.r»3 occurring In previous

years) $1 , 650, 767 21

Deduct amount received for salvage, fire,
,5S.lM0.50 ; relnsurnnce. fire, $n()3,5«58.79 ; dis-
count, fire, $700.72 312,519 10



Net amount paid policyholders for losses $1 .338.248 11

Expenses of adjustment and Pv'ltloment of lo.«ses 74*965 01

Comml.^slon-? or brolxorage Qlh, 143 68

Allowapctp tp locttl agencies Ivy rpi^t^eUancous agency expenses B3i3T4 §0



Digitized by



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OERMANIA FIRE INS. CO. 483

Salaries, $84,460.55. and expenses |40,007.28» of special and gen-
era! aKents 133,467 83

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

and home office eraploycfl 154,758 Ofi

Rents, including |25,000 for company's occupancy of Its own

buildings 31,491 05

Advertising. $4 911..'J6: printing and stationery, $17,155.24 22,066 60

I'oatape, telegrams, telephone and express 21,912 54

Let;al expenses * 1 ,942 86

Furniture and fixtures 3,6.35 52

Maps, Including ccrreetlons 11,021 58

I'^ndenvrliers* bonrds and tariff associations * 6,607 01

Firo dcpuftraent, fire patrol and salvage corps assessments, fees,

taxes and oxpenses 22,862 Qft

Inspections and surveys 40.379 54

Repairs and expenses (other than taxes) on real estate 15,577 54

Taxes on real estate 12, 127 00

State taxes on premiums 54,707 78

Insursncc department licenses and fees 16,941 65

All other licenses, fees and taxes :

FcHleral corpora.tlon tax ......; $7,0!54 17

Municipal and county licenses and taxes 9,471 25

Fire marshal tax '. 4,060 31



Other disbursements :

Appraisal of mortgaged pr(>i>r i-ty and other expenses In connet?-

tlon with Investment $490 00

Exchange 3,465 29

Subscriptions 881 35

ChaHty 141 00

Insurance premiums and surety bonds 475 93

&>rlng water, lee and towels 983 74

Mercantile agencies 2,498 70

Auditing 1,581 25

MIscellaueous 96 88



20.585 73



10,124 14



Pa''' '-tocf holder^- for Interest or dividends (amount declared

during tho year) 200,090 QO

AirentH' balances charged off 169 46

Oross loss on sale or maturitv of ledger assets : Bonds 953 06

Gross decrease, by adjustment. In l>ook value of ledger assets:

Re8» estate 1,168 39



-♦-



Total disbursements $2,965,721 06

Balance $7,811,050 54



LEDCJKR ASSEl'S.

▼^ook valuo of real ovfate $7.'S0,OO0 00

Mortgage loans on real estate, first Hens 492,500 00

Book value of bonds. $2,7Gl,.'»0-I.Gt>, and stocks,

$1',7:?1. 749.62 .">, 403, 254 ,31

rns7i In cpmpany'*! office $1 ,mo 44

Depopfts In trust companies and

banks not on Infer'^st 30,r>23 .'SS

Deposits m trust companies and

on lnt<*»'esf: 492.722 10



. ^ . 5:50.000 18

Agents balnncos representlnir business written

subsequent to October 1. 1913 534,192 75

Agents' balnnces representing business written

prior to Octob<-r 1, 1913 10.197 .30



Total ledger assets $7,811 ,050 54

NON-LKDGFR ASSETS.

Interest accrued on mortgages $7,200 60

Interfi^t accnied on bonds 3T,155 25

Rents due. $228.33 and accnied, $166.66 on

company's property or lease 394 99

' 44.750 84

aroinaiteti f7.«QQ,80T 8t

uiyiLizuu uy V^nOOy IC



484 GERMANIA FIRE INS. CX).



DEDUCT ASSETS NOT ADMITTED.

Agents' balnncos representiog business written

prior to October 1. 1013 $10,197 30

Boole value of lodger assets over tnarlcet voluc.. 585.406 81

y 51)5,001 11



Total admitted assets $7,200,197 27



LIABILITIES.

Gross losses ad.lupted and not yet due $100,593 41

Gross claims for losses in nroces<< of adjustment
or In suspense, pl'.»s $3.440.01 : reserve for
losses incurred prior to December 31 of which
no notice had been received on that date.... 140.106 24
Gross claims for losses? resisted 35,647 00

Total $282,436 65

Deduct reinsurance due or accrue<l 97,572 10



Not amount of unpaid losses and clainw $184,864 55

Gross premlrjms (less reinsuranfe) received and receivable upon

nil unexpired flre risks 3,365,601 13

Salarie<«, rents, expenses, bills, accounts, fees, etc., due or ac-
crued 2,224 7.^

Eotimated amount hereafter pavaWe for federal, state and other

taxes based upon business of the year of tliis statement 55.000 OO

rriljitinirent commissions or other charges due or accnied 19,492 .30

Reinsurance and return premiums due other companies 36,747 57

Total amount of all liabilities except capita] $3,663,930 28

Taplfal actually paid nn In cash ; $1 .000.000 00

Surplus over all liabilities 2.596.266 00



Surplus as regards policyholders 3,596.266 90



Total liabilities $7,260,197 27



RISKS AND PREMIUMS.

Gross
premiums
Fire Hslir^. th»reon.

In force on the Slst day of December, 1912 $760,818,731 $7,266,992 51

Written or renewed during the year 412,593,004 4,066,815 89

Excess of origrlnal premiums over amount received
for reinsurance 530 38

Total ; $1,173, 411, 73!9$11, 324,838 78

Deduct those expired and marked off as terminated 889,083,750 3,886.922 21

In force at the end of the year $784,327,985 $7,437,416 57

Deduct amount reinsured 80,865,371 876,874 40

Ne( amopQt in forc^ $703,462,614 $6,560,542 17



Digitized by



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OEBMANIA FIRE INS. (X).



485



RECAPITULATION OP FIRE RISKS AND PREMIUMS.



Year
written.



1913 1

1912 1

1913 1

1911 1

1912 1

1913 1

1910 1

19U.:....

1912 ..|

1913...... 1

1909 1

1910 1

1911... '...I
1912......

1913



Term.



One year or less

Two years

Two years

Tbree years ....
Three years ....
Tbree years ....

Four years

Four years

Four years

Four years

Five years

Five years

Five years

Five years

Five years

Over Ave years .





Gross




t^.'f'^




premiums


Amount of


Amount 4


charirecl.


— C9


premium «


covered.


Itttthrt)-


Sc


unearned.




insurance.






1134,893,321


$1,462,197 64




1731,098 82


656,080


4,604 24




1,151 06


436,491


1 3,081 9S




2,311 46


130,342,495


1,076,367 64




179,394 61


140,382,621


1,147,306 94




673,652 97


153,639,416


1,247.877 67




1,089,898 06


635,622


5,213 71




651 71


623,568


4,579 75




1,717 41


519,359


3,894 04




2,433 78


393,760


2,483 13




2,172 74


24,737,839


285.577 63




28,557 76


26,090,568


302,694 2C




90,808 26


29,020,572


331,013 21




165,506 61


29,620,090


335,189 09




284,632 36


31.426,474


343,642 91




309,278 62


694,378


4,819 4^




2,334 90



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.



I



Fire.



Tornado.



Total.



Gross risks written

Less 11,278,816 risks cancelled, and
1300,986 reinsurance in companies
authorized in Wisconsin



Net risks written



$10,278,719
1,559,868



$300,625
19,934



$10,579,344
1,579.802



$8,718,8511



$260,691



$8,999,542



Gross premiums on risks written J $106,733 09

Less 1^.232.21 return premiums; and!

$4,017.90 premiums for reinsurance

in companies authorized in Wlscon

sin 13,132 09



$1,486 50{ $110,220 19



118 11



Losses paid (deducting salvage) |' $24,249 35

Less losses on risks reinsured in com
panics authorized in Wisconsin | 1,413 70



$28 87



Net losses paid i $22,835 651



$28 87



Losses incurred ..* | $23,483 91

Less losses on risks reinsured in com-]
panics authorized in Wisconsin ....| 1,397 72



$26 67



Net losses incurred



$22,086 19



$26 67



13,250 20



Net premiums received 1 $95,601 00| $1,368 39 $96.069 99



$24,278 22
1,413 70



$22,864 62

$2^^ro 58

1,397 72



$22,112 36



Digitized by



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m



dB&MAKiA FIHE 1^6. C6.



UNDERWRITING AND INVESTMENT EXHIBIT.



I



I



UNDERWRITING EXHIBIT.
Premiums.



I



Total premiums $2,078,177 72| .

Add unpaid return and relosuruncel
premiums Dec. 31.'1»12 k...| 34,49^ 82|.

Total I $3,012,677 541.

Deduct unpaid return and reiusur-| |

ance premiums Dec. 31. 1913 1 36,747 57|.

I 1

Balance ! $2,975,929 97|.

Add unearned premiums Dec. 31, 1912! 3,300,304 32|.



Total I $6,276,234 29

Deduct unearned premiums Dee. 31,1
1918 1 3,365.60113

Premiums earned during 1913 '|



UNDERWRITING PROFIT AND |

LOSS ITEMS. I

I

Gafn from agents' balances previously!

charged off I

Loss from agents' balances charged I
off I



Loss from above

Agents' balances and bills

receivable not admitted

Dec. 31, 1912 $12,633 65

Agents' balances and bills

receivable not admitted

Dec. 31. 1913 10,197 30



Gain from above



Gain froni underwriting profit and
loss items



Underwriting Income earned during
1913



LOSSES.



Losses paid

Deduct unpaid losses Dec. 31. 1912



Balance

Add unpaid losses Dec. 31» 1913



Losses incurred during 1913 ...

UNDERWRITING EXPENSES.



$54 32

169 46

-I



.1.



I
$2,910,633 16|.



$115 14



I



2,436 35|



$1,338,248 11
182.473 131



2,321 21



$2,912,954 37



$1,155,774 981.
184,864 55'.



$1,340,639 53!



Underwriting expenses paid durlngi !

1913 I $1,388,759 4S|

Deduct underwriting expenses unpaid!

Dec. 81. 1912 1 82,670 12|

Balance I $1,306,089 36

Add* underwriting expenses unpaid!

Dec. 31, 1913 76,717 03

Underwriting expenses Incurred dur
Ing 1913



I
Underwriting losses and expenses ..|.

Profit from underwriting during 1913|.



1.382.806 39






2.723,445 92



$189,508 45



Digitized by



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QfittMAKiA SIRE ms. CO.



487



UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



INVESTMENT EXHIBIT.
Interest and Rents.



I



Interest, dividends and rents receivedl |

during the year | ^338,793 12| .

Deduct Interest, dividends and rentsi

accrued Dec. 31. Iin2 | 39,504 00 j.

Balance | $299,220 12 1-

Add interest, dividends and rents ac-
crued Dec. 31. 1913 | 44,750 84



Total



PROFIT ON INVESTMENTS.
Gain from sale of ledger assets . .



Investment income earned during 1913! .

I
I
I

I



LOSS ON INVESTMENTS.



Loss from sale of ledger assets

Loss from decrease in book value ofj
ledger assets |

Loss from change in difference be-|
tween book and market value dur-
ing 1913 1

I-

Loss on investments during 1913.



$9G3 06
1,16S 39

316.204 79



I

INVESTMENT EXPENSES. |

Investment expenses paid during 19131.

Investment losses and expenses dur-l
ing 1913 : I.



Loss from investments during 1913.. |



$343,979 96



2,687 50



$346,667 46



$318,326 26



36,422 54



MlSCELLANKOrS EXHIBIT.



Dividends declared to stockholders

during 1913

Gain from other sources |



Gain In
Surplus.



Net loss from above <.



$1,025 00



Total gains and losses in surplusi

during 1913

Surplus Dec. 31, 1912 ( $2,613,814 88

Surplus Dec. 31, 1913 | 2,596,266 99

Decrease in surplus during 1913 !



Totals !.



354,748 80



$8,061 S4



Loss in
Surplus.

$200,000 00



,$198,976 00



I



1 $189,508 46


$207,056 84


1


1 17,547 89








$207,066 34


$207,056 84



Per cent of losses Incurred to premiums earned 46.00.
Per cent of underwriting expehsos Incurred to premiums earned 47.51.
Per cent of invcHtment expenses Incurred to interest and rents earned 10.50.
Per cent of total losses and expenses incurred and dividends declared to
total income earned 100.54.



Digitized by



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48d OiiiAfii) iiBE a Marine mis. (jO.



&IBARD F&E & MARINE INSURANCE COMPANY,

Philadelphia, Pa.

t tncorporated March, 1859. Commenced business May, 1868. Admitted Feb.,

1872.]

Home office. NORTHEAST CORNER CHESTNUT AND SEVENTH STREETS.

President, HENRY M. GRATZ. Vice President, GEORGE W. WATT.

Secretary. EDWARD J. THOMASON.

CAPITAL STOCK.

Amount of capital paid up in cash $500,000 00

Amount of ledger assets December ^1 of previous year $2,653,464 29

INCOME.

Fire.

Gr68q premiums $1,324,58115

Deduct reinsurance premiums, fire, $295,470.15; re-
turn premiums, fire, $213.728.82 609,204 97

Total premiums (other than perpetual) $815,376 18

Deposit premiums written on perpetual risks (gross) 11,051 31

Gross Interest pn mortgage loans $9,370 05

Gross interest on collateral loans 1,939 73

Gross interest .on bonds and dividends on stocks,
less $849.23 accrued interest on bonds acquired

during the year 81,673 03

Gross intfirest on deposits in trust companies and

banks 740 51

Gross interest from all other sources:

Dividend on Mutual Assurance policy 30 00

Interest on Philadelphia Underwriters' deposit.... 3 10

Interest on bills receivable 23 95

Gross rents from company's property, including $0,-
000.00 for company's occupancy of its own build-
ings 17 , 320 21

Total gross Interest and rents 111,096 63

Prom other sources: Return premiums on perpetual reinsurance

policies 126 00

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

Bonds . .^. 2,721 85

Total Income $940,371 97

Total footings $3,493,836 26

DISBURSEMENTS.

Fire.
Gross amount paid policyholders for losses (in-
cluding $62,036.71 occurring In previous years) ... $563,242 91
Deduct amount received for salvage, Are, $1,817.74;
reinsuniiue. fire, $153,547.76 155.365 60

Net '-•'^ount paid policyholders for losses $407,877 41

Expenses of adjustment and settlement of losses 10, 167 57

Commissions or brokerage . , ! 211,910 48

Allowances to local agencies for miscellaneous agency expenses 5,245 74



Digitized by LjOOQIC



OIRARD FIRE & MARINE INS. CO. 489

Salaries, |10,180, and expenses, $8,863.50 of special and general

agents 19,043 60

Salaries, fees, and all otber charges of officers, directors, trus-
tees and home office employes 62,090 00

Rents, including $9,000 for company's occupancy of Its own build-
ings 12,498 04

Advertising. $1,003.30; printing and stationery, $9,4M.21 10,547 61

Postage, telegrams, telephone and express 2,763 92

Legal expenses 821 95

Furniture and fixtures 596 00

Maps, including corrections 3,464 54

rnderwriters' boards and tariff associations 10,668 08

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

taxes and expenses 8,900 54

Inspections and surreys 3.949 11

Repairs and expenses (other than taxes) on real estate 4,410 81

Taxes on real estate 4,074 43

State taxes on premiums 11,113 67

Insurance department licenses and fees 7,974 31

All other licenses, fees and taxes:

Federal corporation tax $790 92

CapiUl and stock tax 3.816 01

Licenses, city and county 2,746 85

Illinois anti-trust fee 1 00



7.2^ 7S



Otber disbursements:

Investment expenses $247 50

Interest on bills payable Ill 11

Auditing books for department office 100 00

General agents' bond 181 25

Christmas presents 454 38

Electricity 364 92

Notary fees 8 00

Insnrance on furniture and fixtures 411 42

Incidentals v. 552 74



2,431 32

Deposit premiums returned 26,007 45

Paid stockholders for interest or dividends 100,000 00

Agents' balances charged off 27 25

Gross loss on sale or maturity of ledger assets: Bonds 979 77

Gross decrease, by adjustment, In book value of ledger assets:
Bonds 1.384 28



Total disbursements $936,198 41



Balance $2,557,637 85



LEDGER ASSETS.

Book value of real estate $211,497 32

Mortgage loans on real estate, first liens 180,400 00

Loans secured by pledge of bonds, stocks or other

collateral : 34 , 500 00

Book value of bonds. $1,730,542.77, and stocks, $158,-

584.31 1 , 898, 127 08

Cash in company's office $1,478 50

Deposits in trust companies and banks

on interest 85,087 06

86,565 56

Agents* balances representing business written sub-
sequent to October 1, 1913 141,687 04

Agents' balances representing business written prior

to October 1, 1913 1,418 39

Bills receivable, taken for fire tlsks 2,629 90

Other ledger assets 712 50

Total ledger assets $2,557. 6a7 85



Digitized by



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490 GIRARD FIRE & MARINE INS. CO.



NON-LEDGER ASSETS.

Interest accrued on mortgages $2,207 14

Interest accrued on bonds 22,867 12

Interest accrued on collateral loans 455 45



Total 25,529 71

Market value of real estate over book value 55,752 68

Other non-ledger assets: Underwriters' portion of premiums on

flre insurance policies covering company's real estate holdings 1,462 40

Gross asseU $2,640,382 64



DEDUCT ASSETS NOT ADMITTED.

Agents' balances, representing business written prior
to October 1. 1913 $1,418 39

Book value of ledger assets over market value:
Stocks and bonds 106,894 39



108,312 78
Total admitted assets $2,532,069 &G



LIABILITIES.

Gross claims for losses In process of adjustment or

In suspense $81,263 00

Deduct reinsurance due or accrued 13,524 00



Net amount of unpaid losses and claims $67,730 00

Gross premiums (less reinsurance) received and receivable upon
all unexpired flre risks, $2,089,405.82; unearned premiums 1,083,984 06

Amount reclalmable by the insured on perpetual flre insurance
policies 585,463 r,7

Estimated amount hereafter payable for federal, state and other
taxes based upon business of the year of this statement 3,500 (K>

Total amount of all liabilities except capital $1,740,687 53

Capital actually paid up in cash $500,000 00

Surplus over aU liabilities 291,382 33



791,382 33
Total liabilities $2,532,069 SO



RISKS AND PREMIUMS.

Gross
Fire premiums

rlRks. thereon.

In force on the 31st day of December, 1912 $248,837,487 $2,299,495 65

Written or renewed during the year 127,004.796 1,324.581 15



Total $375,8*2,283 $3,625.07« 80

Deduct those expired and marked off as terminated 123,198,251 1,278,997 66



In force at the end of the year $252,644,032 $2,346,079 15

Deduct amount reinsured 21.556,806 255,673 33



Net amount in force $231,087,227 $2,060,406 82



Perpetual risks not included above, $31,668,341. Deposit premiums on game,
$650,515.08



Digitized by



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GIRARD FIRE A MARINE INS. CO.



491



RECAPITULATION OF FIRE RISKS AND PREMIUMS.



Year
written.



Term.



1913.
1912.
1918.
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

Fire years

Five years

Five years

Five years

Over five years ..

Totals

Perpetual risks ..

Grand totals



Amount
covered.



Oross
premiums
chanred,
less re-
insurance.



Is?

II



$58,006,963

449,908

430,736

28.738,548

29,698.246

33.748.308

380.813

259,634

210,076

283,460

11,255.296

14.424,316

15.016,382

14.360,488

14.291.6221

9.523.4361



$646,547

2.600

3.228

263,870

280,595

308,572

2,090

1.955

1.584

1,770

84,378

97,360

110.051

111,661

119,116

54,026



191 1-2
47! 1-4
681 3-4
58 1-6
54 1-2
5-6
1-8
8-S
6-8
0^ 7-S
051 1-10
401 8-10
721 1-2
54' 7-10
981 9-10
471 P. R,
— I



$2.^1.087.2271
31,668,34^



$2,089,405
600,515



821.
08|.

-I-



Amonntof
premium
unearned.



$323,278 59

662 62

2,421 51

43,978 43

140.297 77

257,143 74

261 26

733 31

959 33

1.548 79

8.437 31

29.208 12

65,025 86

78.163 06

107.205 28

34,664 94



$1,083,984 96
585,463 57



.1 $262,755,5681

I I



$2,739.920 90' | $1,609,448 53



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.



1
1

1


Fire.


Tornado.


Total.


1

Gross risks written | )


2,851,045 00]

I

1

428.076 00!


$148,500 00
29,700 00!


$2,999,545 00


I^«« $358,025 risks cancelled, and!
$97,751 reinsurnnce In companies!
authorised In Wisconsin f


467,776 00


Net risks written I


?2,422,969 00|
'~$29,^~47l"

3.270 Oil

1


$118,800 00

1_


$2,541,709 00






Gross premiums on risks written ...1

Le«« $2,460.72 return premiums; andj

$987.24 premiums for reinsurance in|

companies authorized in Wisconsin!


$926 671

1
177 95'

I


$80,198 14
3,447 96


Net premiums received I


$26,001 461


$748 721


$26,750 18


Losses paid (deductlnsr salvo ee) 1

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


$7,176 611
1,707 88|.


$8 43!
1


$7,185 04
1.707 88


1




Net lossies nald 1


$5,468 731

$9,172 611

1.763 881.


$8 431


$5,477 16*






Losses Incurred 1


$8 43


$9,181 04


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


1,763 88






Net losses Incurred I


$7,408 73!

1


$8 431


$7,417 16







Digitized by



GoogI(



492



GIRARD FIRE & MARINE INS. CO.



UNDERWRITING AND INVBSTBfBNT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.

Total premiums. |826»427.49, less $26.

007.45 1 1800,42004

Add unearned premiums Dec. 81 o:'

previous year. $598,814.30 reclaim

able on perpetual insurance t 1,552,602 50|



^i



Total $2,353,022 54

Deduct unearned premiums Dec. 31,
end of the year, and $585,463.57 re-
claimable on perpetual insurance..! 1,669,448 53

Premiums earned duringr the year... I




UNDERWRITING PROFIT AND
LOSS ITEMS.

Gain from underwrltinsr income ...

LoRfl from agents' balances charged

or



$126 00
27 25



Gain from above

Agents' balances and bills

receivable not admitted

Dec. 31, 1912 $1,807 19

Agents' balances and bills

receivable not admitted

Dec. 31, end of the year 1,418



$98 75



Gain from above



I



388 801



Gain from underwriting profit and
loss items



Underwriting income earned during'
the year ,



LOSSES.



Losses paid ,

Deduct unpaid losses Dec. 31 of pre-
vious year ,



Balance

Add unpaid losses Dec. 31, end of thej
year



Losses incurred during the year .,



Online LibraryWisconsin. Dept. of InsuranceReport → online text (page 52 of 94)