Report online

covered.



Gross
premiums
charred,
leiM re-
insurance.



I Gross

I Reinsurances, an-]
j nual and term ...|



Totals



I
I
1
I Perpetuals



•(



OS



I

$13,690,0871

141,430

131,017

0,1K>7,106

7,tM8,.353

9,416.460

94,0251

04,919

34,232

61,433

1,726,375

2,201,050

2,331,535

2,574,159

2,031,461

680,248



$140,020

008

1,073

60,380

06,346

83,343

1,060

830

372

563

21,368

20,625

30,3:^

31,872

37,289

13,146



I



611 1-
40' 1-



2
1-4

a-4

1-6
3-6
5-6

IS
40| 3-8
081 5-8
00 7-8
36 1-10
86' 3-10
3l! 5-10
301 7-10
12| 9-10
84| P. R.



Amount of
premium
unearned.



$50,714,790 $518,655 16
10,570,297) 131,181 90



$61,285,006] $640,837 06



$7,561,487 $196,287 49



$70,014 81

249 60

805 42

10,063 49

33,173 23

69,452 85

132 52

311 40

232 55

402 63

2,136 83

8,887 58

15, in 15

22,310 61

33,560 21

9,860 13



$276,861 01



.1.



90% $176,658 75



DUSINKSS IN THE ST.VlE OF WISCONSIN DURING THE YEAR.

Fire.

Gross risks written $1,725,667 93

Less $200,542.16 rislcs cancelled, and $348,415.79 reinsurance

in companies authorised in Wisconsin 638,957 95

Net risks written $1,086,709 98

Gross premhiras on risks written $18,880 69

Less $i2,isl.46 return premiums; and $.3,778.02 premiums for

reinsurance in companies authorized in Wisconsin 5,059 48

Net premiums received $12,921 21

Losses paid (deducting salvajre) $6,627 i3

Less losses on risks reinsured in companies authorized in Wiscon-
sin 1.752 7.5

Net lotses paid $4 , 874 37

Losses Incurred $6,459 55

Less losses on risks reinsured in companies authorized in Wis-
consin 1,752 03

Net losses incurred $4, 707 52



Digitized by



GoogI(



LUMBEKMENS INS. CO.



565



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.

Premiums.

Total premiums, $345,012.76, less $7,-

049.53

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

I-

Total I

Deduct unpaid return and reinsur-|
ance premiums De<*. 31, end of thej
year I



$237,963 231
380 50



$238,343 82
252 Hi



Balance

Add unearned premiums Dec. 31 of
previous year, and $182,006.86 re-
claimable on perpetual insurance.;

h

Total !

Deduct unearned premiums Dec. 31, |
end of the year, and $176,058.75 re-',
claimable on perpetual insurance..!

Premiums earned during the year...).



$238, OiK) 98

447,206 96

1

$685,297 941 .

I

I

453.519 76 j.

1



UNDERWRITING PROFIT AND |
LOSS ITEMS. I



Gain from underwriting income ....j.

Underwriting income earned during'
the year '.



$231,778 181



91 00



LOSSES.

Losses paid

Deduct unpaid losses Dec. 31 of pre-|
vious year j

Balance I

Add unpaid losses Dec. 31, end of thej
year I



i



!



Losses Incurred during the year



$107,960 58'.

15.274 551.

1

$92,680 031.
I
19.852 921.
1



$231,869 18



$112,538 951.



UNDERWRITING EXPENSES. I

1
Underwriting expenses paid durlngi

the year I

Deduct underwriting: expenses unpaid'

Dec. 31 of previous year |

1-

Balance I

Add underwriting expenses unpaid'

Dec. 31. end of the year I

I-
T'ndorwrltlnir expenses incurred dur-I
ing the year '.



I
$110,240 64|.

I

A,:m 201 .

-I



$105,646 44!.
I
6.599 691.



I
112.246 13;.



Underwriting losses and expenses ...|.

Gphi from underwriting during thel
year |.



224. 7S5 OS



$7,084 10



Digitized by



GoogI(



566



LUMBERMENS INS. CO.



UNDERWRITING 'AND IN^STMENT EXHIBIT— Continued.



INVESTMENT EXHIBIT.
Interest and Rents.

Interest, dividends. and rents received
during the year

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






$89,135 44
22.991 28



Balance

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



$62,144 10'
24,487 42



Total



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



Investment income earned during the|
year



LOSS ON INVESTMENTS.



TiORs from sale of ledger assets

Loss from chansre in difference be
tween book and market value dur-|
Ing the year



Loss on investments during the year



INVESTMENT EXPENSES.

Investment expens«s paid during the
year



$1,000 00
33,045 95



Investment losses and expenses dur-|
Ing the year I.



Gain from investments during tbel
year |.



$86,631 58



272 90



$34,045 95



I



7.856 00



MISCELLANEOUS EXHIBIT.

Dividends declared to stockholders
during the year I.






$86,904 48



41,901 95



$4S.0M 5S



Gain in
Surplus.



Loss in
Surplus.

$45,000 00



To*al pains and losses in surplus'

during the year I I

Surplus Dec. 31. 1912 ' $1,115,738 961

Surplus Dec. 31, 1913 1 1.122,825 69' f.

I 1 I

Increase in surplus during the year! I t



Totals



$S2.086 63| $45,600 00



7,066 63



$02,066 681 $59,666 63

I



Per cent of losses incurred to premiums earned 4S.O0.
Per cent of underwriting expenses incurred to premiums earned 48.42.
Per cent of Investment expeni^s incurred to interest and rents earned 9.07.
Per cent of total losses and expeqses incurred aqd dividends d^lared to
total Income eamed 97.77,



Digitized by



GoogI(



MARYLAND MOTOR CAR INS. CO. 567



MARYLAND MOTOR CAR INSXTRANCE COMPANY,

Baltimore, Md.

Home office, GARRETT BLDG.

[Incorporated Jan. 1910; commenced bnsiness Feb. 1910; admitted Oct. 6, 1910.]

President, J. PURVIANCB BONSAL. Vice President PETER P. BLANCHARD.
Secretary. CHAS. B. REEVES.

CAPITAL STOCK.

Amount of capital paid up In cash $300^00

Amount of ledger assets, December 31 of previous year 1417,409 4?

INCOME.

Fire

Gross premiums $229,020 11

Deduct reinsurance premiums, Are, $4,200.68; return
premiums, Are, $62,901.43 67,102 11

Total premiums (other than perpetual) $161 ,918 00

Gross Interest on bonds nnd dividends on stocks,
less $1,003.61 accrued Interest on bonds acquired
during the year $15,406 45

Gross Interest on deposits in trust companies and
banks 581 94

Total gross Interest and rents 15, 988 .19

Gross profit oon sale or maturity of ledger assets : Bonds 421 87

Total Income $178,328 26

Total footings $595,737 71

DISBURSEMENTS.

Fire

Gros.s amount paid porcyholders for losses (includ-
ing $(J,872.65 occurring In previous years) $18,407 GO

Deduct amount received for salvage, fire, $1,187.78;
reinsurance, fire, $751.17 1 .938 95

Net amount paid policyholders for losses $10.46S 6'i

Expenses of adjustment and settlement of losses 4.r»S(; 05

rommlsslons or brokerage 43.014 21

Salaries, $2,360.50, and expenses $^7.89, of special and general

agents 2, 428 39

Salaries, fees, and all other rharges of officers,, directors, trus-
tees and home office employes 16 *^^^o J t

Rents I . 'v:\ no

Advertlslntr. $1,1.57.70: printing and stntloncry. $2..'»o:».14 r,ju\' "O

Postage, tetograms, telephone and express l.st*»6n

Legal expenses 6^1 :^.i

yur^jlturfi and fixtures , . , . . 593 63



Digitized by



GoogI(



568 MARYLAND MOTOR CAR INS. CO.

Underwriters* boards and tarlflf associations 178 20

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

taxes and expenses 156 90

Inspections and surveys 8 00

State taxes on premiums 1,824 60

Insurance department licenses and fees 3,822 23

All other licenses, fees and taxes:

Municipal department fees 625 45

Other disbursements:

Reincorporation expenses $2,289 8D

Examinations, Insurance departments and auditors 396 66

Traveling expenses 1. 219 92

Development 1.054 99

Excess coverage reinsurance (Lloydfi) 2,500 00

Premiums on bonds, states, 1152.50; officers, $75.88 228 38

Home office expenses 462 13

Incidentals 589 12



8,681 00
Paid stockholders for interest or dividends. 15,000 00

Gross loss on sale or maturity of ledger assets :

Bonds $2,826 75

Stocks 50 00



2.876 75



Total disbursements $165,828 93



Balance $439 . 908 78



LEDGER ASSETS.

Book value of bonds, $374,637.73, and stocks, $18,-
648.87 $393,286 60

Cash In company's office $1,270 61

Deposits in trust companies and banks
not on interest 2,247 35

Deposits in trust companies and banks on
interest 13.773 77



17,201 73
Agents* balances representing business written sub-
sequent to October 1, 1913 27,228 97

Agents* balances renresenting business written pr'or
to October 1, 1913 2,101 48



Total ledger assets $1.39.908 78

NON-LEDGER ASSETS.
Interest accrued on bonds 5,153 40



Gross assets $145,062 18



DEDUCT ASSETS NOT ADMITTED.

Agents* balances, representing business written prior

to October 1, 1913 $2,101 48

Book value of ledger assets over market value 11.079 00



13,180 48



Total ndmltte<> assets $431,881 70



Digitized by



GoogI(



ilAKYLAND MOTOR CAR INS. CO.



569



LIABILITIES.



Qrosd lodtieg adjusted and not yet due.
Uro88 claims for losses resisted



$10,510 18
4,5M ou



Total

Gross premiums (less reinsurance; ret'elved and receivable upon
ail unexpired Are risks •

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

Estimated amount hereafter payable for federal, state and other
taxes based upon business of the year of this statement

Commissions, contingent or other cuarges due or accrued

Total amount of all liabilities except capital

Capital actually paid up in cash $300,000 00

Surplus over all liabilities 32,866 la

Surplus as regards policyholders



i

$15,059 18

71,075 29

2,228 25

2,805 43
7,247 41

$»9,015 57



332,806 13



Total liabilities ^431.881 70



RISKS AND PREMIUMS.



In force on the 3l8t day of December, 1012
Written or renewed during the year



Fire risks.
$4,203,030
10,350,664



Total $14,554,303

Deduct those expired and marked off as terminated 7,867,284

In force at the end of the year

Deduct amount reinsured



Gross
premiumb
thereon.
$97,678 58
229,020 11

$326,698 69
179,580 33



$6,687,019 $147,118 36
150,990 3,767 78



Net amount in force.



$6,536,029 $143,350 58



RECAPITULATION OF FIRE RISKS AND PREMIUMS.



Year
written.


Term.


Amount
covered.


GroNS
premiums
charged,
less re-
insurance.


§1
is

» a


Amount of

premium

unearned.


1913 One year or less. . . . $(J %36.029 $143,350 58

1


1-2


$71,675 20



BITSINESS IN THE STATE OF WISCONSIN DIKING THE YEAR

Fire.

Gross risks written $195. 400 00

Less risks cancelled W. 775 00

Net risks written $156,625 00

Gross premiums on risks written $4. 1.s3 63

Less $656.61 return premiums 656 61

Net premiums received $3,527 02

Losses paid (deducting salvage) » $243 24

Losses incurred $1,442 11



Digitized by



GoogI(



570



MARYLAND MOTOR CAR INS. CO.



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.



I



Total premiums j

Add uupaid return and reinsuraucei
premiums Dec. 31 of previous year;



I

$161,918 0(1.

i.
231 111.



Total I $162,149 11|.

Add unearned premiums Dec. 31 of| |

previous year | 48,839 29|.

Total I

Deduct unearned premiums Dec. 31, |
end of the year j



I-



$210,988 401 .
71.675 29|.



-I



Premiums earned during the year....| | $139,313 11



UNDERWRITING PROFIT AND |

LOSS ITEMS. I

I

Agents* balances and bills receivable]

not admitted Dec. 31, 1912 |

Agents' balances and bills receivable!
not admitted Dec. 31, end of tbej
year I



Loss from above



I



$551 00
2,101 48



.|.



Underwriting Income earned duringj
the year \.



LOSSES. I

I 1

Losses paid I $40,468 6r»|

Deduct unpaid losses December 31|

of previous year j 8,054 52

I

Balance | $38,414 13

Add unpaid losses December 31, endj
of the year | 15,059 18



Losses Incurred during the year.



I
I
UNDERWRITING EXPENSES. I

I
Underwriting expenses paid dnringi

the year |

Deduct underwriting expenses unpaid |
December 31 of previous year "

h

Balance |

Add underwriting expenses unpaid De-j
cember 31, end of the year I

Underwriting expenses Incurred dur-|
Ing the year |.



1
I
$83,658 65|.

I



9.824 78



$7r,,a'W 87
12.281 10



-I



Underwriting losses and expenses 1.

Loss from underwriting during the|
year I .



1,550 48



$137,762 63



$53,473 31



I



88,114 97



141,588 28



$s.8es is



Digitized by



GoogI(



MAHYLAND MOl^R CAIt INS. CO.



571



UNDERWRITING AND INVESTMENT EXHIBIT-Contlnued.



INVESTMENT EXHIBIT.
Interest aud Rents.



I



Interest, dividends an drents receiyed|
during tbe year |

Deduct interest, dividends and rentsj
due and accrued December 31, end!
of the year |

Balance I

Add interest, dividends and rentsi
due alid accrued December SI, end
of the year



$15,988 39



I



4.135 08



$11,853 31



5,163 40



Total



PROFIT ON INVESTMENTS. j
Gain from sale of ledger assets..;... I .
Investment income earned during ttaej



year



.!.



LOSS ON INVESTMENTS.



Loss from sale of ledger assets

Loss from change in difference be-
tween book and market value during!
the year I

Loss on investments during the year|.

I

INVESTMENT EXPENSES. |

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



$2,876 75
4,515 30



.=Ir:



MISCELLANEOUS EXHIBIT.



Dividends declared to stockholders

during the year

Decrease from other sources:

Reincorporating expenses, $2,269.89

054.99; excess cover reinsurance

(Lloyds). $2,500.00



Net loss from above.



Total gains and losses in surplus dur-
ing the year

Surplus Dec. 31. 1912

Surplus Dec. 31, 1913



$17,006 71



I



421 87



Decrease in surplus during the year.
Totals



$47,480 22
32,860 13



Gain in
Surplus.



$10,036 44



14.614 09



$S4.650 53



$17,428 58



7,392 U



$10,036 44



Loss in
Surplus.

$15,000 00



5.824 88



$20,624 68



$24,650 58



$24,650 58



Per cent of losses incurred to premiums earned. 38.38.
Per cent of underwriting expenses incurred to premiums earned. 63.25.
Per cent of total losses and expenses incurred and dividends declared to
total income earned, 109.42.



Digitized by



GoogI(



572 MASSACHireETTS PIRE A MAtllNE INS. CO.



MASSACHUSETTS FIBE AND MARINE INSUKANCE
COMPANY,

Boston, Mass.

Home Office, 95 WATER ST. and 65 KILBV ST.

[Incorporated March 3, 1910; commenced business June 18, 1910; admitted

Oct. 26, 1910.]

President, EVERETT C. BENTON. Secretary, WALTER ADLARD.

Vhf PreMldont, .TAMES .T. STORKOW.

CAPITAL STOCK.

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

Amount of ledger nKsets December .'51 of previous yenr $l,.']11.463 06



Marine and
Fire. inland.

Gross premiums $607,526 77 $295,050 17

Deduct re.nsurance premiums, tire,
$65,606.74; marine and Inland, $58,-
481.07; return premiums, Are, $91,-
774.19; marine and inland, $54,424.36.. 157,380 93 112.905 43



Total premiums otlier than per-
l)etual $4.50,145 84



Oross interest on collateral loans

Gross Interest on bonds and dividends on stocks

Gross interest on deposits In trust companies and

banks

(JrosH interest from all ot)ier sources: Interest on

Pblladelphla Fire I^nderwriters* deposit



Total ffrosH Interest and rents



Gross profit on sale or maturity of ledger assets:

Bonds

Stocks



$182,144 74


$632,290 50


$707 65
45,781 34




1.083 48




3 15






4 7.. 525 62


$125 00
527 50





6.52 50
Gross increase, by adjustment, in book value of ledger assets:
Bonds 380 40



Total Income $680,849 10



Total footing $1,992,312 16



Digitized by



GoogI(



MASSACHUSETTS FIRE & MARINE INS. CO. 573



DISBURSEMENTS.

Marine and
Fire. inlautl.

Gross amount paid policyholders for
losspH (including :$1:{,788.7S) marine,
$;iO,}SU5.(5t) fire, occurrlnj? in previous

years) $293,524 91 $75,881 47

Deduct amount received for salvage
fire. $.3,508.00; marine and Inlami,
$S,'V1.73; reinsurance, fire, $19,102.98;
marine and inland, $1H,.338.58; dis-
count, flre. $14.90 22.ftS5 88 19. 193 31



Net amount paid policy holders for
losses $270,839 03 $rKJ. 088 16

Expenses of adjustment and settlement of losses

Coramission and brokerage

Allowances !«► Io«'mI agencies for nils«'» llnneous agenry expenses..

Salaries, $14,002.80, and expenses, $3,8«J!K01. of s|)e<lal and general
agents

Salaries, l««es. )in<l all other charge's »»f otlirers. directors, truster's
and home office employes

Rents '.

Advertising. $3,2:17.19 ; printing and stationery, $tJ,189.18

Postage, telegrams, telephone and express

Legal expenses

Furniture and fixtures

Maps, including corriH-tions

T'nderwriters* boards and tariflf associations

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

Inspection and surveys

.*?tate taxes on premiums

Insurance department licenses and fees

All other licenses, fees and taxes:

State tax on Investments $161 97

State fees for Missouri 12 00

City taxes 774 43

City licenses 827 00



$327,527 19


(i.tCC 6()


161.417 53


27.3 77


18,,T01 81


35.:C.0 73


5.718 40


9.426 37


3,319 07


185 90


2.727 96


3.107 54


5.495 10


5,836 96


1.493 46


5.940 67


2,349 92



1,775 40



Other disbursements:

Insurance $186 00

Underwriters' Protective Ass'n 200 00

Alfred M. Best Co 20 00

R. O. Dun & Co .^50 00

Miscellaneous 313 25



1.069 25

Paid stockholders for Interest or dividends 15,000 00

Agents' balances charged off 45 43

Gross decrease, by adjustment, in book value of ledger assets:
Bonds 295 86



Total disbursements $1112.917 88

Balance $1.379..3?4 28



LEDGER ASSETS.

p«-»- .qiuo of bonds, »7.85.506.30 ; and stocks. $417,-

162.23 $1 .202.668 33

Cash In eomnany's office, $98.83: denoslts In trust

comnanles and banks on Interest, $61,948.22 62.047 05

Airents' balances representtng business written sub-

senuent to October 1. 1913 112,274 8.«1

Airent«' balaneeg representing business written prior

tA October 1. 1913 2.313 8T

|)lllg receivable, taken for marine and iniand risks.. 90 00

â–  â–  â– - -> â– 

rrotol Ifflgflr n^n^tn. ...,,•;-••!::•!• i •!•:!•"•. .t .:,..... i .,« , H .S79.894 g^

Digitized by LjOOQK



574 MASSACHUSETTS FIRE & MARINE INS. CO.



NON-LEDGER ASSETS.

Interest accrued on bonds $8,306 41

Interest on special bunk deposits 301 84

Total 8,008 25

Gross assets $1,388,002 58



DEDUCT ASSljJTH NUT APAUTTBD.

Agents' balances, repres^qtlnff Isuviqes^i «vrtttui| pripi'

to October 1. 1913 $U,313 87

pook value of ledgep assets Qvpir market yaluis:
I^QtidK and stocks. , . , ,.....,,,,.......,*,.... 15,912 53

18,920 40
Tptnl admlttea uHMots ..,....,,.,,,,..-».. $1.860 .^0^3



LIABILITIES.

Oro88 lossei adjusted and not yet due, marine,
$3,401.78; lire, $12,787.24 $16.188 02

Gross claims for losses in process of adjustment or
in suspense, plus $722.00 marine, $6,601.00 fire; re-
serve for losses incurred prior to December 81 of
which no notice had been received on that date,
marine, $27,277.26; Are, $30,415.39 65,015 65

Total $81,204 67

Deduct reinsurance due or accrued, marine, $2,165.00;
Hre, $7.364.32 9.529 32

Net amount of unpaid losses and claims $71.0<5 33

Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired fire risks. $710,966.80,
unearned premiums $394,989 63

Gross premiums (less reinsurance) (cash and bills)
received and receivable upon all unexpired marine
risks. $206,182.84; unearned premiums (fifty per
cent) 104,091 42

Total unearned premiums as computed above 499,081 0&

Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued.. 1-^^*

Estimated amount hereafter payable for federal, state and other ^^. g?

taxes based upon business of the year of this statement 9.29V •^

Total amount of all liabilities except capital j>5bl .l*^ ®

Capital actually paid up In cosh >.'jOO,000 00

Surplus over all liabilities 288,613 48

Surplus OS regards policyholders 788^013^

Total llnbllitles $1,300.7^^?



Digitized by



GoogI(



MASSACHUSETTS FIRE & MARINE INS. CO.



575



RISKS AND PREMIUMS.



Fire risks.



Grass
premiums
tbei^n.



Marine

and inland

risks.



(iioss
premiums
thereon.



In force on the Slst day! I

of December, 1912 j $(J3,057,7y«|

Written or renewed I I

during the yenr...,., I qo,944,101|

I (_

Total ,., I $124,0t)l.SV91

peduct thoHe explredl |

^nd marked off a^ ter-l j

Wtqated I 48,182.4301

1-^ . _i-

In force at the end| I

of the year I 9Sl,719.4iWI

Deduct amount reln-| |

iured ,,,r.tT.,.,r,..l 10,861.8821



I
§044,7:^4 54 1

I
007,520 771



94,859.071

I

19.888.7441



$120,544 JO
a9o.050 17



$1,253,251 811 «24,a47.bl5|



440,052



I
I
1{(.888.519|

. h



213. T24 72



I I

$812,196 4li\ 98,850,290:



I
101,281 561

-I-



107.0451

i-



Netamouutlnforcel 970,857.0311 $710.966 861 $8,751'. 2911
I I i I



$210,809 04

O.OSO Tt

$20»r,182 84



RBCAPITULATIOM OF FIRE RISKS AND PREMIUMS.



y«ar
written.



Term.



Amount
covered.



p-*m1ums
insurance.


Is


A moil nt of
premlnrn
unearned.



IMS
Jft12
IMS
Iftll
lftl2
JftIS
IMO
1911.

101O

J01S
1910
1911
1915
1913



I I

One year or less. . . .1 $27.7«2.747l

Two years I 4ft7.KWI

Two years I 475.6051

I'hree years I • 5.ft90.ft«Sl

Three years I 7,19R.ft22I

Three years I 11,180,1601

Four years I 146.5«R|

Pour years I 262.2161

Four years I 1.55. 4P0I

Four veara ' 20«. ^mi

Five years I 2 26S.n«7i

Five years I 5. .^51 . Tpqi

Five yen rs I 4.67S.5o*>I

Five years I 4,61.^.^501

Over five years I 96.9751

I '-

Totals I $70,857.6311

I I



$304



$710




.$394. 9S9 an



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.

Fire.

Gro8« risks written .$1 ,07.1.750 00

Less *22^.250 rIsVq cancelled, and $"35,500 reinsurance in companies
authorized in Wisconsin 2>44.7?V) CO

Net risks written $791,000 00

Gross premiums on risks written $14,443 35

Less $2,096.15 return premiums; and *«80.95 premiums for reinsur-
ance In companies authorised in Wisconsin 2. 777 10

Net premiums received , i ,,.,,, $11 .666 25

Losses paid (deducting salvage) $2,790 68

liouet Incurred ..««..,ii < ,, $4.oi8 57 ,



576



MASSACHrSETTS FIRE & MARINE INS. CO.



UNDERWRITING AND INVESTMENT EXHIBIT.



I
UNDERWRITING EXHIBIT. '

I
Premiums. I

Total promliniiK '•' '

Add unearned preuiinniM Dec. HI of
previous year ] .tft9.2S3 56 1

Total I *1.031.B74 14

De<lu<'t unearned premiums Dec 31,1 '

end of year I 4W).OSl a",

I . .—

I

UNDERWRITING PROFIT AND 1

LOSS ITEMS. !

1



Premiums earned (luring: the ,

Loss from a;rents' balances chari?ed(
off !

Agents' balances and bills I

receivable not admitted I

Dec, .^1. 1912 11.524 461.

Ajfents* balances and bills I

receivable^ not admitted 1

Dec. 31, end of the year.. 2..'513 87!.



$45 431 .



.1 $.">32.493 OJ) .

I



1



• 1.



I



Loss from above



Loss from underwriting protlt audi
los« Items 1 •



780 411.



I
834 84i.



-I



Underwriting Income '•arned durlngl I ' ^ ,^

the year 1 ' ' $531,058 25



LOSSES.



I



Losses paid I $327,527 1»!

Deduct unpaid losses December 31 of I '

previous year I 55.283 081



$272,244 11'



Balance I

Add unpaid losses December 31, endl

of I he year

1 - — 1 '

Losses incurred during the year ' I $343,019 46'.



71.675 3.51.



UNDERWRITING EXPENSES. '

(
Underwriting expenses paid during!

the year I

l>pdnct untlerwr'ting expenses nnpaldl

December 31 of previous year. ..... I

Balance I

Add underwriting expenses nnpaldl

December 31, end of the year I

!-
Underwriting expenses incurred dnr-I
Ing the year



1

I

r

I

$268,412 101.

I

10.081 941.

-I



$258,. ^30 16 .



I
10.406 25 .

1



I



268.7.36 41 :



Underwriting losses and expenses....' I.

I I

Loss from underwriting during thel I

year 1 1.

! I



612. a\5 RT
$M,$»T 69



Digitized by



GoogI(



MASSACHUSETTS FIRE & MARINE INS. CO.



577



UNDERWRITING AND INVESTMENT KXHIBIT-Continuetl.



INVESTMENT EXHIBIT. |

• I

Interest and Ueiits. 1

I

IiitereBt, dlvldt'iulg nnd rents re-|

celved during the year 1

Deduct interest, dividends nud rent.si
dne and accrued Deceuiber 81, endl
of the year , '

Balance , , -l

Ajld Interest, dividends nud rents due|
and accrued l)e<iomber tJl, pnd of,
ypar . - rr r •!•.•!•. I



$47,525 621.

I
I
8,821 OH!.



?38.704 54!,

I
8,0« 25 .



Tptal

rilOPIT QPf INVEgTMBNTB.