Report online

receivable upon all unexpired flro risks, $12,-
176,377.95; uneanuHJ premium $6,287,005 40

Gross premiums (less reinsurance) (cash and
bills) received and receivable upon all unex-
pired inland navipntlon risks, $769,702.03; un-
earned premiums (.50 per cent) 385,563 49

Gross premiums (less reinsurance) (cash and
bill^) received and receivable upon all unex-
pired marine risks, $665,708.83 ; unearned
premiums (50 and 100 per cent) 371,890 36

Total unearned premiums as computed above 7,044.859 29

uiyiLizuu uy v^nOOy IC



540



INSURANCE CO. OF NORTH AMERICA.



Amount reclaimed by the Insured on perpetual fire insurance
policies, being: 90 and 95 per cent of the premium or deposit
received 720,078 35

Efttimatod amount her<»after payable for federal, state, and other

taxes based upon the bu.sines8 of the year of this ^atement 100,000 00

All other llnbllitlos : ContlnRent fund 628,922 3^

Total amount of all liabilities except capital $9,880,122 23

Capital ax!tunlly paid up in cash $4,000,000 00

Surplus over all liabilities 4,000,000 00

Surplus as regards policyholders 8,000,000 00

Total liabilities $17,880,122 23



RISKS AND PREMIUMS.



Fire rialcs.



(iross
premiums
! hereon.



Marine

and Inland

rUlcs.



In force on the 3tst day|

of December, 1912... •$!, 100, 812, 208:$13, 141, 870 34| $105,349,764
Written or renewed!



during the year



778,090,9011 8,699,352 35



1.035,169,258



Total |$1, 938,912, 109;$21, 841, 222 69^

Deduct those expired | | !

and marked off as] |

terminated | 092,104,407! 8,096,008 43| 1,022, 253,496j 4,742,792 1«



In force at the endj | |

of the year l$l,246,807,G42i$13,745.154 26| $118,261,526

Deduct amount reln-j | |

snred I 151,963,3101 1,568.776 31) 3,372,802



Gross

premiums

thereon.



$1,506,610 76
4,753,439 14



$1,140,515,0221 $6,260,049 90



$1,517,257 71
81,756 25



Net amount in force|$l, 094. 844, 332!$12, 170,377 95| $114,888,724 $l,435.n0l 40

lilt



RRrAIMTULATION OP FIRE RISKS AND PREMIUMS.



Year
written.



Term.



I



1913
1912
1913

1911 1

1912 1

19'3 i

1910 J

1911 i

1912 1

1913

1909. I

1910 1

1911 1

1912 !

1913 1

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 .



(iross
. . I premiums

Amount j eharged,
cover<Ki. j^^j, re-

insurance.



$-'93,210

5.0S2

2.4S7

102,793

179.380

187,703

989

1,014

2.371

1,4.'M5

3S.220.

43,850,

53,115

.'>9.434

61.091

2,035



I
510
526
303
314
.301
,268
,748
.V.2
464
574
787
759
,879
,686
,180
,471 1



$3,



720,160

44,727

24.480

629.933

773,059

818,435

11,411

11,127

24,361

13.."!)1

461.21.-.

536,800

645,833

710,249

722,480

28,477



Amount of
premium
unearned.



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

P.R.



Totals I$l,094,844.332l$12,

Perpetual risks ....| 30,660,1381



176.377
795,264



-I-
95|.
53I90&95



Grand totals ..|$1,125,504,470)$12,971,642 48|

I I I



$1,800,

11.

18,

271,

886.

1,515,

1,

4,

15,

11.

46,

161.

322.

497,

650,

14,



060 00

181 &1
360 01
055 04
529 76
302 55
426 42
172 98
227 93
892 22
124 56
040 14
916 65
174 71
232 49
527 50



$6,287,906 10
720,678 33



$7,008,563 75



Digitized by



GoogI(



INSURANCE CO. OF NORTH AMERICA.



541



UNDERWRITING AND INVEST.MENT EXHIBIT.



UNDERWRITING EXHIBIT.
rreuiluuiH.



I



Total iircmfums ^.

Aild unpaid return and reinsurance
premiums Dec. 31, 11)12



I
$a,3.S"i,0«J7 18 .

I

18,8«S 031.



Total $0,403,005 211

Add unearned premiums Doc. 31, 1012,
and $728,039.48 reclalmable on per-
petual insurance . . ;



$16,087,213 SOj.



Total
Deduct unearned premiums Dec. 31,
1912, and $720,078.39 reclalmable on
perpetual Insurance I 7,703,537 00|.

-I



7,583,248 59|.



Premiums earned during 1013 \ \ $9,221,070 201.



I

I

UNDERWRITING PROFIT AND |

LOSS ITEMS. I

I

Gain from agents* balances previously]

charged off, $1,235.23, and fromj

other underwriting Income, $4,531,011

Loss from agents* balances charged!

off !



I



Gain from above

Agents' balances and bills

receivable not admitted

Dec. 81. 1913 $18,108 40

Agents* balances and bills

receivable not admitted

Deo. 81« 1013 14.987 40



Gain from above



Gain from underwriting profit and
loss items



Underwriting income earned during
1013



$5,760 81

2,765 02

$3,001^1



8.210 01



6,ai2 18



LOSSES.

T-osses paid I $5,332,145 55

Deduct salvage recoverable Dec. 81,'
1918 1 67,400 00



Balance



I-



$0,227,888 83



.1 $5,274,745 65 1.

I



I
81,330 52f.

-I



Add salvage and reinsurance recov-I
erable Dec. 31. 1012

Total I $5,356,076 07)

Deduct unpaid losses Dec. 31, 1912.. ( 1,341,000 001.

I 1

Balance I $4.014,476 071.

Add unpaid losses Dec. 31. 1013 1 1,385,062 33'.



Losses incurred during 1013 ' ! $5,400,138 40



UNDERWRITING EXPANSES.



Underwriting exi«cnfes paid durinp'

1013 ! $3,052,014 43

Deduct underwriting expenses liilpaid' I

Dec. 31. 1012 .\.i. ;....... J 170,000 00



Balance



$8,482,044 4d!.



Digitized by



GoogI(



542



INSURANCE CO. OP NORTH AMERICA.



. UNDERWRITING AND INVESTMENT EXHIBIT-Oontlnued.



A<ld underwriting oxpcuses uopaidl
Dec. 31. 1013 1



100.000 00



UuderwrJtIug oxpenses luciirred durl
Um lUl^i. !



I'Udt'rwrltlug lossed aud uxi>euues ..|.
pain frgiQ uaderwriting during 191S'.



3,582.944 43






INVKSTMBNT £]XUIB|T, |

Interest and l^enta. I

Interest. dlvldendH and rents

peduot interest, (dividends apd rents
lippnie4 Ppc. si, ^91? r M M • . • .

Balance ..^, ,.,,.,,.,,

At)il interest, dividends ond rents ao-

cr^e^ ,.,-.M..i.M.,



Total ,.,

PROFIT ON INVTH&TMBNTfl.

Oaln from lale ol ledger assetf , , .
Gain from other loTeatmeDts



Profit on Investments darlnir ldl3
Investment Income earned daring 1918
LOSS ON INVESTMENTS.



I
VJy>.0±J 21'....

0S.462 87....



|582,4?i9 84.,,.,,,,,,,,

144,089 47! ,...

I72T.W 81



18.886
908 00)



I^ss on 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 1913



$10,842 82
20.240 09



497.621 82



Loss on Investments during 1913 ..

INVESTMENT EXPENSES. I

Investment expenses p.iid during 1913!

Investment losses and expenses dur-l
Ing 1913 1



4.8S182



.1 1528.705 33

I



50.752 55



8.983,062 89



fe44,8«6 6^



• ? • 1 1 1 » t • ^



1781.901 18



-I
I
.1 579.457 88

I

Gain from Investments during 1913. . ' ' I $1 5g.44I 25

MISCELLANEOUS EXHIBIT. I Gain in I Loss In

I I Surplus. I Surplus.

Dividends declared to stockholders' I ' I

during 1913 I I I $180.000 00

Decrease In special reserves ' I $107,751251

Loss from other sources I ' \ 25,000 00

$897. 24S 75



Net loss from above



.1.



I



Total gains and losses in surplus'

during 1913 ' | $897. 24 g 751 $S»7.»4S 75

Surplus Dec. 31. 1912 i J^*.000.000 OOl T

Surplus Dec. 31. 1913 ' 4.000.000 00| J



1-



Totals I I $397,248 75



$897,248 IS



Per cent of losses incurred to premiums earned 6a66.
Per cent of underwriting expenses incurred to premiums earned 88.86.
Per cent of investment expenses incurred to Interest and rents earned 6.98.
Per cent of total loasei and expenses incurred and dlvldenda declared to
total income earned 11.06»



Digitized by



GoogI(



INSURANCE CO. OF THE STATE OV PENNSYLVANIA. 543



IN^^UBANPE COMPANY OF THE STATE 01*
fENNSY|.VANIA,

Home Office. 3U8 10 WALNUT STI^^.ET.

riiicorpprnted April 18, 17t)4 ; commenced business Dpceml^er 19, 1013; admitted
* April, 1887. 1

Freui'Ient GUSTAVHH RKMAK. jr. vice President, WAl'^'K BI^IV^N.

gccr^tfiry, ,ronN J, P, ItOPlH^'l^^:

CApiTAT, fSTOClC.

Amount of capital paid up ip ce^sY\. ,.,,,,..,,,. $1,000. 000 00

Amount ^'^ Mfi^V nsgets, December 31 of pj'evjQus y^fir, t » 1 1 : ? i ^3,75*1.804 8^

INCOME.

Marine
Fire. and inland.

OroM premluma f3, 013, 875 62 |422,611 94

Dedact relnBurapce premium*.
Are, $1,165,972.05: marine and
lDla:id. $6,818.17: return pre-
miums. Are. $901,4 1 ?.0O: ma-
rtno and Inland. $116..348.7^. . 2.067.384 74 123.166 SO



Total preraUiras (other
fhap perpetual) «1 .846.400 88 $200,445 05 $2,145.0.^5 03

Deposit premiums written on perpetual ripks (j^oss) 5,897 34

Gross Interest on mortgage loanp $2,879 99

Grr>B8 Int'^resf on bonds and dividends on stocks,
less tX5tt.64 flccmed interest on bonds ac-
quired during the ?/car 127,592 02

Gross Inter.^t on deooslts In trust companies

and banks 1 ,487 91

Gron^ interest from all other Foiircfs:

Phlladplphfa FnderwrHors' A^sn. deposit 3 15

Gross rents from company's property 12.328 46



Toial gross Interest and rents 144.201 53

From other rources :

Assc'ts of Amerlonn Fire Insurance Comoany

merged with thl* romi^nny I'oc. 10. 101.3,

lfH«? esnifal of ^200.000 renorted above.... $375.6.'S0 20

Perpetual policy deposit forf<;^ted 220 00



375,870 20
Or«>ss pn»rtt on sale or maturity of ledger nssets : Bonds 35 00



Total income $2,672,030 00



Total footings $6,627,903 97

niSPUKSEMENTS.

Marine
Fire. and Inland.

Gross amount paid policyholders
<or losses Hncludlng $227.-
767.12 eccurrlnr in previous

years) $2,105 180 .'â–ºS $66,957 15

Pe<iuef amount received for cal-
vape. fire, $^.677. 70; marine
and inland. $274 15: relnsnr-
nnre, fife, $836,098.08: marine,
and inlano. $ii44.,51 : discount,
Are. $2.147.08 847.824 75 018 66



Niet amount paid policyholders

for lOMM ^».»ii $1,347,664 83 $06,088 49 $1,413,703 82



uiyiLizuu uy



GoogI



e



544 INSURANCE CO. OF THE STATE OP PENNSYLVANIA.

Expen^-ea of adjustment and settlement of losses 3.3,787 QQ

Commissions or brokeracjc 510,797 61

Allowances to local apeneies for miscellaneous agency expenses 8,363 84
Salnries, H5.036.S2, and expenses, $34.91. '>.«7, of special and

general affiants 80, 502 49

Salaries, fees, and all other ehar^cs of otlicei-s, directors, trus-

t^*e^: and liome office employes 110,742 74

l«onts 5,500 00

Advertlsinji?. JR:{,<;h:{.S4 : printing and stationery, :|!!>,or»7.4S 12,721 ;i2

Postage, teIeJ;ranl^<. telephone and express 7,338 25

Legal exi)enses 3, 046 Q3

Kiirnilure and fixtures 1,709 45

Maps, including corrections 6, 743 44

Underwriters' boards and tariff associations 17,829 79

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

taxes and expenses 18,000 48

Inspections and surveys 10,967 97

Repairs and expenses (other than taxes) on real estate 7,109 02

Taxes on real estate 3,098 12

State taxes on premiums 57, 737 85

Insurance department licenses and fees 14,363 00

All other Uoi'nses, ftH?s and taxes : Capital stock lax 5,855 ^

Other disbui'semeuts :

Sale of mortgage $66 00

Ice water 265 47

Safe depos:it bi*x 250 00

Fidelity bond 298 11

Traveling expenses 2,918 66

Conflagration indemnity 1 .000 00

. 4,798 24

Deposit premiums returned , . 15,919 49

Paid stockholders for interest or dividcnda (nOiount deolapod
during thn year, $64.000) 64,163 88

AeentP* balances charged off , . . . . 268 Tl

Gro8«i losg on sale or inffturit}' of ledger assets : •

Honda , , $6,412 50

etOQkH , ,.,.,..,. 244 13

-— r^ — 6.656 ^



TotAl disbursements , , . . , $2,421,864 41

BalHnco .' $4,206,030 66



LBDQER ASSKTB.

Book value of real estate $413,768 49

Mortgage loans on real estate first liens 53,460 00

Book value of bonds, $1,837,657. 70. and slocki,

J!{1,2.38.049.36 3,075,707 06

Cash in compajiy's ofBce $18 857 62

Depofilts In trust companies and

banks on Interest 140.526 06

• 165,384 58

Ag<*nt8' balances representing business written

subsequent to October 1. 1913 490.310 22

Agents' balances representing buslnens written

prior to October 1. 1913 5.887 96

Other ledger assets :

Lh'posit premium reclalmable on perpetual
IK)Iicy ^5^1 25

T«»U1 ledger a^^sots $4,206,039 56

NON-LEDGER ASSETS.

Interest accrued ^m morttrnges $<W1 71.

Intert'st accrue<l on lK>nds 25,864 14

Rents accrued en company's property or lease. . 134 00

20 ,079 IC5

Gross aJ'Kx^ts ...... $4,232,710 41



Digitized by



GoogI(



INSURANCE CO. OF THE STATE OF PENNSYLVANIA. 545



DKDUCn' ASSETS NOT Al)MITTED.

AKonts' l;aluui«s repvosentliij? biislm'ss written

prior to Oitol>er 1, 1J>1.*{ $5,vSS7 00

Hook value of ledjjrer assets over market value:

Real C8ta(p :{6, 444 .'.0

StcK'ks an:J bonds 183,734 08

1 226. (M)8 32

Total admitted assets $4,006,653 00



LIABILITIES.

Gross losses adjusted and not yet due 106,518 77

Gross claimn for losses in process of adjustment
or in suspense, plus $20,000 ; reserve for losses
incnirred prior to December 31 of which no

notice had been received on that date 335.552 54

Gross claims tor losses reslst«.-d 73.868 37



Tot4iI $475,930 68

Di^uct reinsurance due or accrued 150,733 20



Not amount of unpaid losses and claims $325,206 48

Gross premiums (less reinsurance) received and
receivable upon all unexpired fire risks,
$3,038,962.58 ; unearned premiums $1 ,579,738 64

Gross premiums (less reinsurance) (cash and
bills) received and receivable upon all unex-
pired inland naviecation risks,, $284,910.20;
unearned premiams (fifty per cent) 142,455 10



Total unearned premiums as computed above 1,722.193 74

Amount reclalmable by the insured on perpetual Are insurance

policies, being ^)0 and 95 per cent of the premium or deposit .

received / j 635, 826 27

Principal unpaid, en scrip or c<'rtihcate of profits authorized or

ordered to lie redeemed 33,012 03

Dividends declared and unpaid to stockholders 973 05

Salaries, rents, expenses, bills, accounts, fees, etc., due or ac-
crued 1,667 12

Estimated amount hereafter payable for federal, state and other

taxes iwsed upon busines*^ of tho year of this statement.... 35,. 500 00

Commissions contingent or other charges due or accrued 4,500 00



Total amount of all lialilities except capital $2,658,878 60

Capital actually paid up in cash $1,000,000 00

Surplus over ail liabilities 347,774 40



Surplus as regardK pollcyh.ildeis 1 .347. 774 40

Total liabilities $4.r»00.6.-i3 0'.)

35— Ins.— I



Digitized by



GoogI(



546



INSURANCE CO. OF THE STATE OP PENNSYLVANIA.



BISKS AND PREMIUMS.



Fire risks.



Gross
premiums
thereon.



Marine

and inland

ris»l{s.



I



In force on the Slstl
day of December,! ( |

1912 1 $388,250,412 661 $4,559,252 52|

Written or renewed I | I

durinsr the year ...! 831,545,734 561 3.913.875 621

-I-



$1,395,7311

I
15,032,1641



Gross

premiums

thereon.



$41,799 26
422,611 94



Total I $714,805,14T 221 $8,478,128 141

Deduct tho^e expired) I I

and marked off as| | I

terminated ' 822,651,869 411 4,027,281631

|_ . 1 (_



$16,427,9011 $464,411 20
I
I
6.812.4221 178,861 83



In force at tbe| I I

end of the year! $892,158,277 811 $4,445,846 611

Deduct amount rein-! I I

â– ured I 118.366,553 751 1,406.884 081

VH amount In I



I

$9,615.4791

I

198.8661



$291,049 85
6.189 69



I



force I $278,787,724 061 $8,088,962 581 $9,421.6181 $284,910 20

I III



Pernetnal risks not Included above, $24,079,828. Deposit premiums on lamei
$587,012.04.



RECAPITULATION OF FIRE RISKS AND PREMIUMS.




1913
1912
1913
1911
1912
1913
1910
1911
191 •>
1913
1909.
1910
1911
1912
1913



One year or less ...I $114,311.

I Two years I 674.

I Two years I 702.

I Three years I 32.923.

I Three years I 38,709.

I Three years I 46,434,

' Four years I H.^i.

I Four years I 178.

I Four years I 177.

I Four years I 97.

I Five years I 6..'Si6.

I Five years : I 8.062.

' Five years 1 7.440.

I Five years I 10.0i6.

I Five years I 10.602,

I Over five years I 1,764.

I I

I Totals I $278,787.'

I Perpetual risks ....| 24.079,

I I • 1

^ Grand totals ..I $302,867,0471 $3,

I ! L_



6601 $1

6821

0221

059'

5491

4m

2191
9821
8R«I
CS74'
1641
88RI
.^021
7471
4551
072'



-I-



382., 569

3,939

6.913

322.775

.3.S3.722

440.020

1.420

1,947

1.609

1.213

75.265

90.600

87.613

113.243

112.476

13.622



.^31 1-2
301 1-4
081 3-4
421 1-6
491 1-2
841 5-4i
411 1-8
431 3-8
621 .'V-8
721 7-8
â– 431 1-10 I
411 3-10 I
311 1-2 I
811 7-10 I
89' 9-10 I
091 P. R. I
-I-



$091,284 66

984 82

5.184 81

53.795 90

191.861 24

366,684 OR

177 rw

7ao 29

1,006 01

1.062 00

7.526 54

27.182 82

43.808 66

79.270 67

101.220 20

7,951 44



.7241 $3,
9.3231



038.962
587.012



581 51 .98 I
04I90&95!



$1,579,738 W
685.826 27



625,974 62t ) $2,115,564 91

I I



Digitized by



GoogI(



INSURANCE CO. OF THE STATE OF PENNSYLVANIA.



547



BUSINESS IN THE STATE OF \VIS(X)NSIN DUllING THE YEAR.



GrosB risks written

1^88 $3,838^107.80 risks cau
celled, fU)d 187,136 reip-
Burance in companies au-
(bOFlsed in Wisconsin .

Net rjsks wrlUpn .

Oross premiums on rlsl^s
wrUtea ,,

li^aa $35,581.90 return pre
miums; and $1,464.78 pre
lulums for relnsuranco in
companies authorised in
WiicoQsio

Net prti)ilumfl received

Losses paid (deducting sal
rage)

Less losses on risks rein
sured in companies au
tborised in Wisconsin .<

Net losses paid

liosses incurred

Lesef losses on risks rein
sured in companies nu
tborized in Wisconsin .<

Net losses incurred..



Fire.



$8,408,546 67



8,408.778 801 90,575 00



Marine and, -, ,
inland. I Tornado.



$118,000 00



$4,900,767 37l $87,425 00



$104,490 05 $9,4tl 06



82.113 28



$72,876 77



$53,118 71
19.087 86



$33,425 83



605 78



11.745 88



$'(3,203 741

!

18,320 23



$50 00



^1-



$34,883 511



$676,215 00



895.890 00



$280.325 00



16.378 W



4.262 68



$2,116 28



$8.489 88
1.684 78



$1,854 65



$3,549 38



1.684 73



$30 00 $1,914 65

I



Total.



$9,202,761 G7.
3.925,243 80



$3,277,517 87



1113.^ 02



87.046 69






$76.288 88



$06,606 09
21.822 61



$80^280 48



$56,808 12
19,954 96



$36,848 16



Digitized by



GoogI(



548 INSURANCE CO. OP THE STATE OF PENNSYLVANIA.

rXDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT. » ' !

I I I

Premfumff. < I |

I t I

TotMl premiums, $2,151,833.27; lessl • I
113.919.40 1 $2,135,913 78 '

Aild uoearoed premfums Dee. 31 of I I
preriouii year, and $416.7?W.»4 re* (
claimablQ on perpetual Insurance..! 2.192.245 241 }

Total I $4,328,159 02! I

Deduct uneuruefl premiums Dec 31,1 I '

end of the year, and $535,826.27 re-' I I

claimable on perpetual Insurance..' 2,258,920 01! '

I 1 I

Premiums earned during the year ...I I $2,070,139 Oil

^ III

rNDERWRfTINO PROFIT AND | I |

LOSS ITE.M8. I I '

Gain from uuderwritiufr Income I $220 001 '

liOHs from nKcntK* bnlanccK churped! ' I
off • 288 711 1

IaOHb from above I $48 71! I

AKents' balances and bills { I I

receivable not admitted I I I

Dec. .31. 1912 $2,910 67' I I

Affents' balances and bills I I I

receivable not admitted • I j

Dec. :n. end of the year 5.887 901 , I !

1 I I

Loss from above | 2. 977 291 '

I 1 I

Loss from underwriting profit and I ' I

loss Items ! I 3.026 00'

I I 1

Underwriting income earned during' I I

the year 1 1 1 $2,067,113 01

I I I

LOSSES. I I !

Losses paid I $1,413,703 321 !

Add salvage and reinsurance recov-I ' I

erable Dec. 31 of previous year I 1,479 841 1

I 1 • I

Total ' $1,415,183 161 1

Deduct unpaid losses Dec. ,H1 of pre-l 'I I
vlous year I 268,581 661 1

Balance I $1,146,601 501 1

Add unpaid losses Dec. 31, end of thel I I

year I 325.206 48' I

I ! I

Losses Incurred during the year ....' I $l,4n.807 98'

' 1 !

UNDERWRITING EXPENSES. I I '

f 1 '

Underwriting expense** paid during! ' '

the year 1 $900.275 40' I ,.

Deduct underwriting expenses unpaid' I '

Dec. 31 of previous year I 8T.738 541 ^ !

Balance I $862,541 861 , f...;

Add underwriting expenses unpaid' I I



Dec. 81. end of the year ' 41.667 121.



I ...

Underwriting expenses incurred dur-l ' '
Ing the year ' ' 904.308 98'

Und«rwrltinff iot«^» and eipensei ...'.,,,,.,,, t.i.' ,.,,!•••• «.876,m« 06



|.osa from nndtrwritlng during the*

fM? » I » ! ! « • f • M t • • • " • » n 1 1 ♦ • • n » • •!



I



uiyiLizeu uy '






INSURANCE CO. OP THE STATE OP PENNStLVANU. 54d

UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



INVESTMENT EXHIBIT.
Interest and Rents.

Interest, dlyldends and rents received
during the year

Deduct interest, dividends und 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 ,



$144,291 S3
25,061 10



$118,730 34
26,679 85



Total



.1.



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



Investment income earned during the
year



LOSS ON INVESTMENTS.

Loss from sale of ledger assets

Los9 from change in difference be-
tween boolc and market value dur-
ing the year



Loss on investments during the year



INVESTMENT EXPENSES.

Investment expenses paid during the
year



$6,656 63
143,372 69



$146,410 19



35 00



Investment losses and expenses dur-l
ing the year j



Loss from investments during the|
year ,



MISCELLANEOrs EXHIBIT.



1



Dividends declared to stockholders!

during the year

Increase in special reserves ....
Gain from other sources



Net gain from above



I



$1.50,029 32



20,876 98



$145,445 19



170,906 30



$2S.461 11



Gain in
Surplus.



$375,659 29



Loss in
Surplus.

$ei.ooooo

33,012 OH



$278,647 20|.



Total gains and losses in surplus! |

during the year |

Surplus Dec. 31. 1912 $403,492 201

Surplus Dec. 31, 1913 : ( 347,774 40|

I 1

Decrease In surplus during the year|



$278,647 26



$884,866 06



65,717 80|.



ToUls 1 1

I I



$884,865 06| $884,865 06



Per cent of losses incurred to premiums earned 71.
Per cent of underwriting expenses incurred to premiums earned 43.
Per cent of investment expenses Incurred to interest and rents earned 14.
Per cent of total losses and expenses incurred and dividends declared to
total income earned 118.



Digitized by



GoogI(



550 LIVERPOOL AND LONDON AND GLOBE INS. CO.



UVEBPOOL AND LONDON AND GLOBE INSURANCE
COMPANY OF NEW YOBK,

New York City.

Home Office 60 WILLIAM STREET

[Incorporated, 1806; commenced business, 1807.1

President. HENRY W. EATON. Secretary, GEORGE W. HOYT.

CAPITAL STOCK.

Amount of capital paid up In cash $200,000 00

Amount of ledger assets, December 31 of previous year $1.024.7U 01

INCOME.

Marine
Fire. and inland.

Gross premiums $756, 587 77 $90, 183 04

Deduct i^ross amount paid for re-
Incnranco, Are. $3 J 1,678.35; ma-
rine, $20,036.55; return premi-
ums fire, $180,533.38; marine,
$20,849.18 402,211 73 58,884 73

Total premium (other than

perpetual) $264,376 04 $31,298 31 $205,674 85

Gross Interest on bonds and dividends on stocks
less $1.50; accrued interest on bonds acquired

during 1913 $.31,372 26

Gross interest on deposits in trust companies

and banks 3. 581 20

34,053 54

Gross profit on sale or maturity of ledfror assets : Stocks. . . . 142 40

Gross increase, by adjustment, in book value of ledger assets:
Bonds 87 13

Total income $330, 857 42

Total footings $1,355,568 43

DISKIJRSKMENTS.

Marine
Fire. and Inland.

Gros^ amopnt paid pollc.v?io1dfrs
for losses (Including $21.65:].44

occurring in previmis years)... $272,060 40 $30,143 83
Deduct amount received for sal-
vage. Are. $2,.'?72.72 ; relnpurance,
flre, $161,047.80; marine and
inland, $20.580.83 163.420 02 29,oS0 83

Net amount paid policy-
holders for losses $109,540 38 $563 00 $110,103 38



Digitized by



GoogI(



LIVERPOOL AND LONDON AND GLOBE INS. CO. 551

Expenses of adJuHtmcnt and settlement of losses 5,741 09

Commissions or brokerage 38.U93 90

iSaJaries, lees, and all other chari^s of officers, directors, trus-
tees and liome oltiee employes 8,358 93

Advertising, ^1,215.49: pnnting and stationery, Jfa,4D7.80 4,713 29

FostttK'e, telOKrams, telephone nud express 1,493 22

Legal expenses 108 tJ5

Unaerwriters' boards and tarilV associations 2,037 61