Report online

received for relnsur-l
ance 1



I-



701,773,392l?26,495,135 00

I
068,125,8891 19,733,242 76

I

I

I
I 332,454 83



Total l:;?4,7G9,SD9,2Sl|:|?46, 500,832 59

Deduct those expired!
and marked off as ter-|
mlnated 11,790.789,573 17,792,844 59



In force at thej
end of the year $2,
Deduct amount rein |
sured



h



979.109,708I$2S,7a7,998 00
443,878,1491 3,917,106 00|



$31,866,807 $870,053 00
329,892,665 1,471.057 11



$361,759,472


$2,341,110 11


323.862,583


1,437.107 11







$37,896,889] $9')4,C03 (0



6.269,031



Net amount in,
force |$2,535. 231, 559I$24, 850.880 00| $31,627.858|



169.230 00



$734,773 00



RECAPITULATION OF FIRE RISKS AND PREMIUMS.



Year
written.



1913
1912
1913
1911
1912
1913
1910.
1911,
1912.
1913.
1909.
1910.
1911.
1912.
1913.



Term




One year or less....| $860J93,720| $8

Two years | 5.830,410|

Two years I 4.1.33,9631

Thr^ years I 338, 984, 9201 3

Three years | 400,119,7311 3

Three years I 464.. 360, 1.501 4

B'our years 2.962,837

Four years 2.711.330

Four years ( 2.701,340

Four years | 2,641,248

Five years ! 66.508,3.'>0

Five years | 72.387.129

Five years ! 87,498,221

Five years | 99.306,4451

Five years t 122.003.715i

Over five years | 2,822,041|

I 1^

Totals [$2,535,231



,227,200

37,255

31.028

.223,094

739,704

,256,1.57

21,458

22,213

23.954

23,101

796,246

880,222

046,. 510

102.298

334.211

26,229



1-2
1-4
3-4
l-«
1-2
5-6
1-8
3-8
5-8
7-8
1-10
.3-10
1-2
7-10
oof 9-10
00|P. R.



$1,113

9

23

5:^7

1.869

3,546

2,

8

14

20

79

264

523

813

1,200,

13,



,600 00
314 00

,271 00

.182 00
852 00

.798 00
682 00
330 00
971 00

,213 00
625 00
067 00
255 00
609 00
790 00
639 00



559,$24,850.880 00 |$13,041,198 00



IJUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.



I




Total.



Gross risks written 1$25, 604, 040 001 $1,204,540 001$26, 808. 580 00

Less risks cancelled I 2,817,250 001 330,500 00| 3.147,750 00

I !- 1

Net risks written |$22.786,790 00| $874,040 00|$23, 660, 830 00

$26'^ ?oq m ~^wlt^~m $2747046~i5
29,721 78| 2,626 88 32,348 66



Gross premiums on risks written 1

Less return premiums \



Net prem lums received | $233 , 487 02)

Losses paid (deducting salvage) . . . . | $86, 888 08 |
Losses incurred [ $95,203 08



$8,210 4 8|
$7^~96r



_$24J.697 50

~$9oy^~oi



$4,031 81



$99,234 80



HOMBl IKS. CO.



529



DKt>BRWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.



258.060 13



Total premiums 1^14,603,434 7-i

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

Total

Deduct unpaid return and reinsurance
premiums Dec. 31, end of the year

Balance

Add unearned premiums Dec. 31 of
preylous year



$14,526,834 03
12,341.420 00



Total

Deduct unearned premiums Dec. 31,
end of the year



Premiums earned during the year.



UNDERWRITING PROFIT AND
LOSS ITEMS.

Gain from agents' balances previously
charged off

Loss from agents' balances charged
off



$14,861,494 85
324,660 22



$26,868,254 63
13,447,076 00



$58 09
a. 968 53



Loss from above

Agents' balances and bills

receivable not admitted

Dec. 81, 1912 $196,019 36i

Agents' balances and bills

receivable not admitted

Dec. 31, end of the year 219,890 17



Loss from above



Loss from underwriting profit and
loss items



Underwriting income earned during|
the year



LOSSES.



Losses paid

Deduct unpaid losses Dec. 31 of pre-



$3,910 44



24,870 81



$13,420,278 a'l



28,781 25



$13,391,497 38



$7,580,643 19 .

I



vlous year I 1,263,997 33



Balance

Add unpaid losses Dec. 31, end of the
year



Losses incurred during the year.



UNDERWRITING EXPENSES.

Underwriting expenses paid during
the year

Deduct underwriting expenses unpaid
Deo. 31, of previous year



Balance

Underwriting losses and expenses..

Gain from underwriting during the
year



$6,316,645 86
1,184,259 90



$5,467,387 26
91,201 86



$7,500,905 76



6,376.185 40



12,877,091 16



$614,406 Z%



34— Ins.— I



Digitized by



GoogI(



536



^OME I^S. C6.



UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



INVESTMENT EXHIBIT.
Interest and Rents.

Interest, dividends and rents recelyed
during the year

Deduct Interest, dividends and rents
due and accrued Dec. 31, end of the
year



Balance

Add Interest, dividends and rents due
and accrned December 31, 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 on investments during the year



INVESTMENT EXPENSES.

Investment expenses paid during the
year



$1,411,001 73
226,566 00



n. 184,486 73
244. no 00



$403,508 43
2.846 25

1.630.200 76



Investment losses and expenses dur<
ing the year



Loss from investments during the
year






MISCELLANEOUS EXHIBIT.



Dividends declared to stockholders

during the year

Gain from other sources



Loss from above

Total gains and losses in surplus

during the year

Surplus Dec. 31. 1912

Surplus Dec. 31, 1913



Decrease in surplus during the year
Totals



$14,351,755 28
10.073.019 09



!



$1,429,154 73



50,532 00



$2,086,555 44



37.569 66



Gain in
Surplus.



$1,296 56



$614,406 tt



4,t78.7S5 SB



$4,79S.141 81



$1,479,686 73



2.074,125 10



$S94,4SS S7



Loss in
Surplus.

$4,200,000 00



$4.196.7«S 44



$4,793,141 81



$4,798,141 8tr



Per cent of losses incurred to premiums earned, 55.9.
Per cent of underwriting expenses incurred to premiums earned, 40.6.
Per cent of investment expenses incurred to interest and rents earned, 2.6.
Per cent of total losses and expenses Incurred and dividends declared to total
income earned, 118.9,



Digitized by



GoogI(



tttJMBOLDT FIRE INS. Cb. 531



HUMBOLDT FIBE INSURANCE COMPANY,

Pittsburgh, Pa.

Home Office. i;nO BKAVER AVENUE.

[Incorporated November 17, 1871 ; commenced business November, 1871 ; ad-
mitted, 1910.1

President. A. H. TRIMBLE. Vice President. FRED W. CARDINAL

Secretary. EDWARD HEER

CAI»ITAL' STOCK.

Amount of capital paid up !n ca.sh $300,000 00

Amount of ledger a8s.>tB, December 31 of previous year $1,393,501 32

INCOME.

Gross premiums $1 . 198, 657 57

Deduct reinsurance premiums, fire, $213,804.90;

return premlumr, fire. $101.638.08 405,442 98



Total premiums (other than perpetual) $793,214 6P

Gross interest on mortgage loans less $72.37 ac-
crued Interest on mortgages acquired during
the year $53,434 66

Gross interest on collateral loans 2,399 96

Gross Interest on bonds and dividends on stocks,
less $162.82 accrued interest on bonds ac-
quired during the year 5,394 68

Gross Interest on deposits In trust companies

and banks 3,090 26

Gross interest from all other sources :

Interest on judgment notes 47 24

Interest on deposit with Phlla. Underwriters'
A.«?soeIatton 6 30

Gross rents from company'** property, Including
$1,200 for company's occupancy of Its own
buildings 8.881 30



Total gross Interest and rents 73,254 40

From other sources :

Incoma for use of party wall on apartment building 1627

Beaver ave., Pittsburgh, Pa 844 00

From agents' balances previously charged off 1,687 44

Gross profit on sale cr maturity of ledger assets:

Real estate $622 13

Stocks 3,200 00



3,822 13



Total Income $872,822 56

Total footings $2,266,413 88

DISBURSEMENTS.

Fire.

Grf>88 amount paid policyholders for losses (In-
cluding $42,167^47 occurring In previous
years) $490,033 80

Deduct amount received for salvage, fire,
$858.60: reinsurance. Are, $83,114.66; dis-
count, flre. $928.76 84,902 11



N''t amount paid policyholders for losses. . .* $405,131

Bzpenses of adjustment and settlement of lo.sses 9,988

Commissions or brokerage 221,068 18



Digitized by



GoogI(



§3^



fiUM^LD^ £llt£ iKS. CO.



Allowances to local agencUs for mlBcellaneoas expenses iO IS

Salaries, $8,800, nod ozpensesi |10,4ia00» of special and gen-

nral agents 19,218 90

Salar'cs, fees, and all other charges of officers, dlrectars* trus-
tees nnd home oftlco employes « 41, 837 79

Itents, including $1,1'00 f<»r compony's occupancy of its own

buiMInss .: 3,222 01

Adve-tising, ;^2,1»2S.4« ; printing. and stntiom-ry, :j!6,541.20 0,460 08

Postopo, telrgrnni.s teleptione and express 8,704 38

l^gal uxpcnsos 531 03

Furnilure and flxtures 1,080 54

Maps, including corrections 3,086 44

Underwriters' Inmrds and tariff associations 8,234 32

Fire departraont, flro imtrol and salvage corps assessments, fees,

taxes and expensvH 1,851 92

Inspe<-tion8 and surveys 2,132 66

Repairs and oxpenpcs (otiior than tnxos) on real estate 2,007 18

Taxes on real estate 1 , 475 31

State taxes on premiums 13,717 94

Insurance department licenses and fees 4.432 73

All other licenses, fees and taxes :

Federal corporation tax $357 18

Tax on capital r.tocic 1,800 00

r 2.157 18

Otlier disbursements :

Fire record — Bradstreet and Dun reports.... $1,427 50

Water and lee, gas and electric current 1,086 62

Auditor's fees and expenses 452 59

Bonds of officers and employes 170 01



3,136 62
Paid ptockholderc for interest or dividends (amount declared

during the year) 48,000 00

Agents" l>alances cnarged otf 1,481 67

Gross loss on sal*» or matiu*ity of ledger assets :

Heal estate $1,088 36

Stoiks 50 00



1,138 36

Gross decrenpe, hy adjustment, in hook Taluc of ledger assets :

Heal estaio 1,029 74

Total disbursements $815, 199 07

Balance $1,451,214 81



LFDOER ASSETS.

Book valne cf real es=toto $114,157 10

Mortgage loans on r^al estate first liens 875,881 76

Loans secured by pledge of bonds, stocks or other

collateial 51,740 00

Book value of bonds, $74,416.25, and stocks,

$70,018.69 144,434 94

Cash in company'r office $140 53

Deposits in trust companies and

Imnks on interest 12.^.633 43

^ 123,779 96

Agents' balances representing business written

subsequent to October 1. 101.^ 137,199 02

Aijcnts* balances representing business written

prior to October 1, 101.T 3,581 13

Bills receivable, taKen for fire risks, judgment of

Kuth Webster 200 00

Other ledcer assets : Philadelphia Fire Under-
writers' Association 240 00

Total ledger assets $1,451,214 81



Digitized by



GoogI(



HUMBOLDT PIRE INS. CO. 533



NOX-LKtMSBR ASSETS.

Interest due. $a,.'.r»8.00. nucl accrued, $12,442.58

on mortgages $10,001 48

Interest accnu-d on ^^on<ls 1,449 77

Interest ciuc on collatrrui loan?; 107 55

Rents due on comparv'» property or leaso. . . . 462 00

18,020 SO



Gross assets : $1,461),2;15 61



UKDIJCT AS8KTS NOT AhMlTTKD.

AgentB' baliiiices reprcsentln^f business written

prior to October 1, lOI.'t $3,581 13

Bock value of ledger assets over market value :

StockK 2,710 25

Bor da 5,017 44

, 11,914 82

Total admitted assets $1,457,320 79



LIABILITIKS.

dross losses adjusted and not yet due $2,343 38

C>ros8 claims* for losses in process of adjustment
or In suspense, plus $3,5(K>; reserve for losses
1nct:rred prior to l)eeeml)er 31 of which no

notice had lH*en received on rhat date 54,023 02

Gross claims for losses resisted 5,008 87



Total $02,005 27

Deduct reinsur}»nec due or accrued 9,257 05




Net amount of uni)«Id losses and claims $52,808 22

Gross premiums Hess reinsurance) received and receivable upon

all unexpired fire risks. $1,549,809.05; unearned premiums..

Salaries, rents, exiien^^s, bills, accounts, fees, etc., due ( r ac-

crr.ed

Estimated amount hereafter payable for federal, state and other

taxes :»ased upon bu«?lnes.s of the ye«ir of this statement

C'ommisslonr, contingent or other charges due or accrued

/ • — -

Total amount of all ilabllitl's except capital $894,38!

Capital actually paid up In cash $.300,000 00

Surplus over all liabilities 202.938 03

.Surplus ns reifards policyholder.^. . . .^ 502,938 03

Total llkbllitles $1 .4.57.320 79



RISKS .VXD PRKMIUMS.

Gross
premiums
Fire risks. thereon.

In foi/^e on the 3:st dav of PecenilM»r, 1912.... $102,723,700 $1.01S.2:J0 4?
Writton or renewed durinc the year 75.420.004 1.198.057 57

Total $2.38.149,710 $2,810,887 99

Pechn't those expired and nuirked otT as terraf-

'^i«^d 52. 402. 505 971 . 000 07

In force at the end of the year $185,747,205 $1,845,221 32

Deduct amount reinsured 27,041.814 295.322 27

Net amount Ir force $158,105,391 $1 .549.899 05



Digitized by



GoogI(



534



HUMBOLDT FIRE INS. CO.



RECAPITULATION OP FIRE RISKS AND PREMIUMS.



Year
written.



1913
1912
1013,
1911
1912
1913
1910.
1911.
1912.
1913.
1909.
1910.
1911.
1912.
1913.



Term.



I



I



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 .



Amount
covered.



Gross
prem turns
chanred,
less re-
insurance.



I-



?36.138,447

161,430

1,900

27.498,526

30,352,457

35,357,366

166,882

793,793

48,685

227,015

2,759,869

3.546.205

S. 489.921

7,464,842

7,114,972

983.081



Totals I $158,105,391

I



$401,999

594

28

238,955

258.860

305.806

2,030

10,388

496

1,850

81.883

42,597

66,175

02.256

88,171

7,805



02



52



1-2
1-4
3-4
1-6
SS 1-2



&-6

1-8

3-8

5-8

7-8

1-10

3-10

1-2

7-10

9-10

P. R.



$1,549,809 06



Amount of
premium
unearned.



$200,999 51

148 67

21 15

39.825 99

120.430 44

254,837 68

253 77

3,895 77

310 00

1.619 28

8.188 31

12.779 12

83.087 91

64.679 89

79.354 04

6.243 00



$830,574 54



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.

•

Fire.

Gross risks written $2,764,000 00

Le?s $447,104 risks rnncelled and $393,146 reinsurance in com-

pariies authorized In Wlscon.sin 840.260 00

Net risks vrrltten $1,924.650 00

Gross premiums on risks written $30,820 41

Lefis $4,159.41 return premiums, and $5,064.92 premiums for re-

Insnrnnce in companies authorized In Wisconsin 9,224 33

Net premiums received $21,596 08

===== â–  â–  # -= -

Losses pfiid (deducting ralvage) $6,306 80

Loss losses on risks reinsured in companies authorized in Wis-
consin 268 66

Net losses paid $6,038 14

Ix>s80s Incurred , $6,066 65

Less losses on risks reinsured in companies authorized in Wis-
consin .* 297 33

Net looses incurred $5,769 32



Digitized by



GoogI(



HUMBOLDT PIBE INS. CO.



535



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.

Premiums.

Total premiums


1793,214 59
760.372 85






Add unearned premiums Dec 31 of
previous year












Total ...„


11.553,687 44
830.574 54




Deduct unearned premiums Dec. 31.
end of the year . . ^


1






Premiums eai*ned durinir thp veiir...




1723,012 90




UNDERWRITING PROFIT AND


1





LOSS ITEMS.

Gain from agents' balances previously
cbariced off

Loss from agents' balances charged
off



I



Gain from above

Agents* balances and bills

receivable not admitted

Dec. 31. 1912 $4,119 90

Ageiilrt' bnlunces and bills

receivable not admitted

Dec. 31. end of the year 3.681 13



Gain from above



Gain from underwriting profit and
loPB Items



Underwriting income earned during
the year



LOSSES.



losses paid

Deduct unpaid losses Dec. 31 of pre-
vious year



n.687 44
1,481 67



$206 77



638 77



744 54



$406,131 69
66.828 40!



Balance

Add unpaid losses Dec. 31, end of the
year . .'.



$338,303 29
52,808 22



Losses incurred during the year ...

I

I

UNDERWRITING EXPENSES. |

I
Underwriting expenses paid during!

the year I $353,362 36

Deduct underwriting expenses unpaid'
Dec. 31 of previous year I 6,850 00

Balance I

Add underwriting expenses unpaid'
Dec. 81. end of the year



$391,111 51



$723,757 44



I-

Underwrltlng expenses incurred dur-(
ing the year |.



$.346,512 361.

11,000 00|.

1



I
Underwriting losses and expenses ...|.



357,512 36



Loss from underwriting during the!
jetr I.



748,623 87






$84,866 48



Digitized by



GoogI(



536 HUMBOLDT FIRE INS. CO.

UNDERWRITING AND INVESTMENT EXHIBrT— Continued.



INVESTMENT EXHIBIT.
Interest and Rents.



Interest, dividends and rents reoelvedl
during the year

Deduct interest, dividends and rents
due and. accrued Dec. 31, end of
the year'



Balance

Add interest^ dividends and rents due
and accrued Dec. 31, end of the
year



Total



PROFIT ON INVESTMENTS.



$73.2E>4 40



I



18,539 03



$54,715 37
18.020 80






$72,r36 17



Gain from sale of ledger assets
Oain from other investments ..



$3,822 13
844 00



Profit on Investments during the year!.

Investment income earned during the]
year



IX)SS ON INVESTMENTS.

I-.08S from sale of ledger assets ..

Loss from decrease in book value of!
ledger assets

Loss from change in diflferente be
tween book and market value dur
the year



Loss on investments during the year]

INVESTMENT EXPENSES.

Investment essenses paid during the|
year ....'..'



Investment losses and expenses dur-
ing the year



Loss from investments during the
year



MISCELLANEOUS EXHIBIT.

Dividends declared to stockholders!
during the year



Total gains and losses in surplus]

during the year

Surplus Dec. 31, 1912

Surplus Dec. 31, 1913



4.666 13



$1,138 361
1,029 74'

11,358 751



$276,984 26'
262,938 03



Decrease in surplus during the year .
Totals '



$77,402 30



$13,526 R5(.



5,065 251



Gain in
Surplus.



$58.«M 20'



14.046 SSI



$72,866 48



18,582 10



$58.82« 20



Loss in
Surplus.

$48,000 00



$12,806 48



$72,866 48



Per cent of losses incurred to premiums earned 154.10.
Per cent of underwriting expenses incurred to premiums earned 49.50.
Per cent of investment expenses incurred to interest and rents earned 6.90.
Per cent' of total losses and expenses Incurred and dividends declared to
total income earped 99.40.



Digitized by



GoogI(



1N*SURANCE CO. OP NORTH AMERICA. 537



INSUBANOE COMPANY OF NORTH AlKEBICA,

Philadelphia, Pa.

Home Offlco, 2.12 WALNUT STREET.

[Incorporated April 14, 1791; commenced buRincss as an association In 1792.1

President, EUGENE L. EIJJSON Vice President, BENJAMIN RUSH.

Secretary, T. HOWARD WRIGHT.

CAPITAL STOCK.

Amount of capital paid up In ca.sh $4,000,000 00

Amount of ledger assets, December 31, of previous year $17,778,02/ 28

INCOME.

Marine
Eire. and Inland.

Gross premiums $8,699,852 35 $4,753,439 14

Deduct reinsurance premiums,
fire, $l,232,0r»9.18, marine and
Inland, $1,178,380.60; return
premiums, Are, $1,236,472.52
marine and inland. $411,755.71 2.468,.%31 70 1,590.136 31



Total premiums (other
than perpetual) $0,230,820 65 $3,163,302 S3 $0,394,123 48

Deposit premiums written on perpetual risks (gross) 11,601 01

Gross Interest on moitgaco loans $13,405 f^O

Gross interest on bond<{ and dividends on stocks,
less $9,257.47 ?.ccrued interest on bonds ac-
quired during 1913 628,672 52

Gross interest on deposits in trust companies

and banks 23,345 28

Gross Interest from all other sources :

Branch ofHce bank balances 22.3 61

Deferred settlements 1 31

Gross rents from company's property, including
$10,000 for company's occiipancy of its own
buildings 15,213 50



Total gross interest and rents 680,922 21

Perpetual permits, transfer fees and earned

deposits $3, 247 73

Refunded paving assessment against Chicago

property sold in 1911 17 28

Differences in exchange 1 . 283 88

Refunded mortgage expen.«e previously paid. . 520 85

- ^ . n.060 74

From agents' balances previously charged off 1.2-35 23

Gross profit on sale or maturity of ledger assets : Bonds 3,888 82



Total income $10,096,900 49



Total footings $27,874,924 77



Digitized by



GoogI(



536



INSURANCE 00. OP NORTH AMERICA.



DISBURSEMENTS.

Marine
Fire. and inland.

Gross amount paid policylioldors

for losses $4,251,599 65 $2,808,244 02

Dedui't amount received for sal-
vat^t. tiro, $18,851.53 ; maruic
and inland, $asU,582.82 ; rciu-
surtnce, tiro, $004,137.35; ma-
rino and inland, $057,827.01'.. 0S:{,288 88 1.044,409 84



Net amount paid policy-
holders for losses $3,568,310 77 $1,763,834 78 $3,332,145 55

Expenses of adjustment and settlement of losses 86,533 70

Commissions or hrokeiage 1,936.199 81

Aliownuces to loccl agencies for mlscfllaneous Hgency expenses 2!«2,082 18
Salaries $341,403.48, and expcni^es $124,786.15, of sp«!cial and

general agents 466,189 63

Salaries, fees, and all other cliargcs of otlicers, directors, trus-
tees and home ortlce employes 198,666 75

Rent<3, including ;^1 0,000 lor company s occupancy of its own

buildings 62,666 14

Advertising ?25,80."».30, printing and stationery $7l»,805.56 105,70<J ^

rostage, telegrams, telephone und express 58 010 40

Legal expenses 19, 193 40

rurniture and fixtures 8,J)80 12

Mups, including corrections 21,071 54

Uuderwriters' boards and tarifT associations 66,455 21

Fire department, lire patrol and salvage corps asnessmentSffees,

taxes and expenses 39,738 25

Inspections and surveys 50,000 78

Repairs and expenses (other than taxes) on real estate 5,423 24

Taxes on real estate 4.232 51

State taxes on premiums 186.354 33

Insurance department licenses and fees .38,445 87

All other licenses, fees and taxes:

Federal corporation tax , . $10,364 91

Arkansas franchise tax 200 00

Pennsylvania tax on capital stcclc 22,414 66

Muiiicipal licenses 20,673 00



63.652 57



Other disbur.seraonts :

Janitor and engine room expenses $1,387 26

Heat and light 1,433 96

Employes* lunctes 7,300 37

Registration of stock 100 00

Subscriptions 4,731 99

Expenses on mortg:ige loans 75 00

Contribution to gratuity and relief fund 25,000 00



40,028 58

Deposit premiums returned 20,687 31

Paid stockholders for interest or dividends (amount declared

during the year) 480,000 00

Agents' balances charged oft' 2,765 62

Gross lo.sf: on sale or maturity of ledger assets :

Real estate $1,611 45

Bonds > 934 75

Stocks 8,287 62



Grosy decrease, by adjustment, in book value of ledger assets ;

Real estate $20, 000 00

Bonds 240 09



10.842 82



20.240 60



Total disbursements $9,595,917 10



Balance $18,279,007 67



Digitized by



GoogI(



iNStJBAkCB CO. OP NORTH AMEklCA. 53&



LKDGER ASSETS.

Book value of real estate ^ . . . . |235.30O 00

Mortgage lonns on real estate flrst Ileus 243,376 00

Book value (»f bouds, J^ 12,943,3(^192, and stocks,

$2,232,827.48 15,176.191 40

Cash in company's orfice (2,073 19

Deposited In trust companies and

banks not on interest 25,000 00

Deposited in trust companies . and

oanks on interest 991,456 07

• 1,018,529 26

Agents* t)alances representing business written

subsequent to October 1, HUH 1,530,694 00

Agents' balances representing business written

prior to October 1, 1913 14,843 49

Bills receivable, taken for marine and inland

risks 15,422 99

Bills receivable, taken for ft re risks 35,651 53

$18,279,007 67

NON-LEDGKR ASSETS.

Interest due, $103.12 and accrued. $1,861.50 on

mortgages $1,964 62

Interest accrued on bonds 142, 624 85

144,589 47

Other non-lodfeer assets : Salvage claims 57,400 00

Gross assets $18,480,997 14

DEDUCT ASSETS NOT ADMITTED.

Agents' balances representing business written

prior to October 1, 1913 $14,843 49

Bills receivable, past due, taken for marine, in-
land aud Are risks 144 00

Book value of ledtrer assets over market value :

Bonds and stocks 585,887 42

600,874 91



Admitted as.scts $17.880,122 23

LIABILITIES.

Marine
Fire. and inland.

Gross losses adjusted and unpaid.. $141,446 28
Gross claims for los<(e8 In process
of adjustment, or in suspense,
plus $50,000 reserve for losses
incurred prior to December 31, of
which no notice had l)een received

on that date 453.899 40 $877,700 00

Gross claims for losses resisted. . . . 47.854 23

Total $643,200 00 $877,700 00

Deduct reinsurance due or accrued 123,200 (M) 12,037 07

Net ?jnount of unpaid losses and

claims $520,000 00 $805,062 33 $1 ,385,6^2 33

Gross premiums (less reinsurance) received and