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I



Gain from ial0 of ledger asspt^.
Gain from increase iq bpqk value ofi
ledger assets .,r.i.f<«>f



I65J3 50:
880 40



Profit on iuvestmeuts dtfriag tbe year
investment income earned dilF^mr tbej

y^V f t f f f f • I ' t J J t » r t » I • f I » I I I I ♦ I • • • • I ! J ♦ » M •



1^089 ON INVB8TMBNTS.






Loss from decrease in book value ofl
ledger assets , >

Loss from change in difference be-i
tf^-een book and market voUie dur-!
Ing the yeor !

Loss on investments during tbe year!.

I
INVESTMENT EXPENSES. |

I
Investment expenses paid during the!
year i.



^17.312 70



•1.082 90



t • I • I • I • I • I • I



9299 861



85,000 79!.



$35,305 05'.

I

I



1.037 301.



Investment losses and expenses dnr^l
lug the year |.



Gain from Investments during the'
year '.



f48.8^ W



30,042 05
fll.40« 74



MISCELLANEOUS EXHIBIT.

I
Dividends declared to stockholders!
during the year



Oaln in
Surplus.



I
Total gains and losses in surplus dur '

Injr the year i .

Surplus Dec. .11. 1912 '

.Surplus Dec. 31, 1913 '

i_
Decrease In surplus durlnff the year

Totals '.



i^-x'il 20R .tO' .
2SS.0in 48'.
I



I
I
I I

•1 1

' I
.1 911.403 741
I



Loss in
Surplus.

$15,000 00
$95,997 63



(I4.&94 88-
195.907 63'



$95,097 63



Per cftnt of losses incurred to jirenHtitns earned, 04.5.

Per cent of titlnerxvrlt'tiT expehKes Incurred to premiums ^ai-hed, 80.4.

Pelf ceht of InVes^mrMt rvnehMes Incjurred. to Interest and rents earned, 3.4.
»^Pef cetit of tojiil I'^g^ts r-Afli liflff'nites lh«!urrM and dKdettds 4«HaPsd to ift
IHtftfttte ftfiied. i.jfn.



Digitized by



GoogI(



578 MECHANICS INS. CO,



MECHANICS INSURANCE COMPANY,,

Philadelphia, Pa.

Home Office. 500-502 WALNUT STREET.

[Incorporated April 13. 1854; commenced business May 4, 1854.]

Date of admlRsion into Wisconsin, April, 1890.

President, SIMON J, MARTIN. Vice President, JOHN M. OAMPBBLl

Secretary, JOHN A. SNYDER.

CAPITAL STOCK.
Amount of capital paid up In cash. $250,000 00



Amount of ledger assets. December 31 (ft previous year $1,408,335 80



INCOME.

PIre

Gross premiums $588, 294 35

Deduct reinsurance premiums, fire, $75,113.62;

return premiums Are, $80,322.47 155,436 09



Total promliimn (other than perpetual) $382,858 2«

Deposit premiums written on perpetual risks (gross) 11,481 42

Gross Interest on mortgace loans, loss $11.62 ac-
crued interest on mortgages acquired during
the year $10,775 79

Gross Interest on collateral loans 3,325 59

Gross Intere«»t on bond** and dividends on stocks,
less $304.37, accrued Interest on bonds acquired
during the year 40, 696 33

Gross Interest on deposits in trust companies

and banks 687 09

Gross Interest from all other sources :

l*hlladelphla FIro Underwriters' Association.. 3 15

Gross rents from company's property, including
$3,500 for company's occupancy of its own
buildings 4 , 844 22



Total gross intere.it and rents 60,3.^2 17

From other sources : Transfers 273 50

From agents' balances prevlouslv ohareed off 18 37

Gross profit on sale or maturity of ledger assets : Bonds 542 50



Total Income $455. 506 22



Total footings $1,863,842 02

DISKFRSEMICNTS.

Fire

Gros«i amount pale* policyholders for losses (in-
cluding $32,411.60 occurring In previous years $279,629 10

DediK^t amount received for snlvaire, fire, $1,-
313.40 : reinsurance, fire, $57,.n60.54 : discount,
fire. $212 03 68,896 8?



Net amount paid pollcyholden for lofse» |220,78S 23

Digitized by LjOOQIC



MECUANICS INS. CO. 579



Expenses of adjustment and settlement of losses 4,549 42

Commissions or brokerage llu,400 01

Allowances to local ajyencies for miscellnneous agency expenses 3,186 17
Salaries, $1,500, and expenses, $1,707.40, of special and general

agents n,207 40

Salaries, fees, and all other charges of officers, directors, trus-
tees and home offlce employes 20,101 CO

Rents, Including $o,oOO for company's occupancy of its own

buildings 3,500 00

Advertislnpr. $1,:J80.01 ; printing and stationery, $5,042.23 7,322 24

PoPtage, telegrams, telephone and expenses 1,370 44

liegal expeur-es 225 31

Furniture and fixtures • 214 92

Maps, Including correctl«>ns 990 26

Underwriters' boards and tariff associations 2,856 11

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

taxes and expenses 4 »032 87

Inspections and surveys 508 .74

Repairs and expenses (other than taxes) on real estate 267 64

Taxes on real estate 1 , 235 Q5

State taxes on premiums 6,354 92

Insurance department licenses and fees 2,152 87

All other licenses, fees and taxes :

Federal cornorntlon tax $146 29

Tax on capital stock 1 , 025 08



1.171 37



Other disbursements :

Heat, light and janitor's wages $1 ,197 73

Subscriptions to journals, societies and insur-
ance charts ,^37 50

TTnderwriters* Protective As.sociation 300 00

Premium on surety bonds 150 50

Rent of vaults In trust company 95 00

Commerical agency . . '. 1 25 00

Pnl)!ic acccfuntaiits •. 2,S0 00

Holmes Electric Protective Co 197 50



2,633 23

Deposit pren:ilums returned 11,785 89

Paid .«:tockholder.s for interest or dividends (amount declared

during rhe yean 25,000 00

Agents' balances charged off 106 13

Gross loss on sale or maturity of ledger assets :

Rea! estate $2,833 23

Bonds 1 , 505 00

— 4,338 23



Total disbursements $443,303 55

Balance $1.420,5.38 47



i.Ki h;eu asskts.

Book value of real estnte $83,206 57

Mortgage? loans on real estate first liens 214 650 00

Loans secured hy pledge of l)onfls, stocks or

other collateral CO, 000 00

Book value of bonds, $801,584.26, and stocks,

$156,253.»33 957,837 89

Cash in company's office $10,857 77

Deposits in trust companies nnd

banks on interest 43,208 49

^ , , ^ , 54,066 26

Agents balance* represent I Mir business written

subsequent to October 1, 19i:{ 43,952 01

Agents' balances repr<'<-entlng business written

prior to October 1, 1913 1 ,097 64

Other ledger assets :

Perpetual reinsurance deposits 5,628 10

Deposited with Phlla. Fire Ind. Assn 100 00



Total ledger a.ssets $1,420,588 Al

Digitized by LjOOQK



580 MECUANICS INS. CO.



NON LKDdKK ASSKTS.

lutcroHt duo, $941.2.' and accrued, $l,70t».40 on

mortpa^es $2 , 050 G.T

Tnroroj't nccrued on bundrf 10,<M>."S m

Intere.-«t on hnnk balnnccB 304 12

Rents due oa company's propertj' or louse 70 00

' — ir,.n2l> 00

Markrt value of real estate over book value 16.703 43

(Jross assets $1 , 450, 301 80

DKDT'CT ASSKTS NOT ADMITTED.

Agents' balances representing buslnesH written

prior to October 1, 1913 $1,097 C4

^ook value of ledger fi^'sets over market value :

stocks and boudH Rl .700 14

52,797 78

Totpl Aflmitted ftsspts. .,,,..,,,.,..,,,....,..,.,.,,.. $1,397,564 02



LIADIMT1K8.

Gross losses adjusted and not yet due $8,023 24

Gross claims for losses In process of adjustment

or In suspense 20»28S R4

Gross claims for loss^'s resisted, 1. 125 00

Total $30,086 78

Pe<luct reinsurance due or nccrued 1,032 58

Net Amount of unpaid losses and claims $29,004 20

Gross premiums (less reinsurnnce) received and receivable upon
ull unexpired Ire risks. .^750.770.62; unearned premiums... 407,442 00

Amount rcdnimable by the insured on perpetual Are insurance
policies, l>elhg 00 and 96 per cent of the premium or deposit
received 326,054 05

Salaries, rents, expenf'es, bills, accounts, fees. etc.. due or nc-
crued 535 00

Kntimnted amount hereafter pavable for federal, state and other

iaxes based noon buBiness of the year of this statement 7.000 OO

Reinsurance and return premiums due other companies 1.024 07

Total amount of all liabilities except capital $770,060 6a

Capital actually paid v.n in canh $260,000 00

Surplus over all liabilities S77,r.03 39



Surplus as rogards polleyholders 62T.503 3S>

Total llabilltie;< $1.307.. 564 02



RISKS AND PREMIUMS.

Gross
premiums
Fire riska tbereon.

In force on the :;i5»t day of December. 1912 $8.%. 070.444 $851,048 !«

Written or renewed during the year 60.785,312 .^82.888 26

Total $1.^5.856.756 $1,233,906 45

Deduct those expired and marked off as terml-

haU-d 4.-. 701 ,429 .n.*»0.266 94

In force at tbn end of the y?nr $90,094,327 $88.n . 6:tfr4s

Deduct amount reinsured 10,102.444 119.{U>8 24

Upt MtttdHnt in foriM?. ...:;".., ...... $70,961,883 1764,241 24

_ ^ — .^ lg ■ISlJMij



Digitized by



GoogI(



Mechanics ins. co.



581



RECAPITULATION OF FIRE RISKS AND PREMIUMS.



Year
written.

1913

1912

1913

1911

1912

1913

1910

1911

1912

1913

1900


Term.

One year or less . . .

Two years

Two years

Three years

Three years

Three years

Pour years

Pour years

Four years

Four years

Five vcars


Amount
covered.

$20,426,251

238,057

209,282

9.704,032

11,078,667

12,239,494

65,700

65.300

110,602

130,762

3.002.844

3.690,481

3.668,049

4.598,048

4,906,877

5,821.487


Gross
premiums
charired.
leM re-
insurance.

$230,543 19

1,943 84

1,672 09

86,146 44

98,395 81

107,458 76

655 79

698 32

1,183 71

1,028 52

27,905 71

34,JKS9 37

37,239 86

43,775 91

49,428 88

41,205 04


'6

§s

is
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.


A mount of
pi-emlum
unearned.

$115,271 59

485 96

1.254 06

14,357 74

49.197 90

89,548 96

81 97

261 87

739 82

899 70

2,790 67


1010


Five years


10,487 81


1911


Five years


18,619 93


1912


Five years


30,643 14


1913


Five years


44,485 99




Over five years ...

Totals

Perpetual risks ...

Grand totals..


26,315 64




$79,961,883
15.487.923


$764,241 24
359,585 28




$407,442 65
325.054 05




$90,449,806


$1,123,826 52





$732,496 70



mrSINKSS IN TfllO STATE OK WISCONSIN DURING TFIE YEAR.

Fire

Grons risks written $1,626,000 37

Lefs $222,1 86.:J3 risks canrcllod, and $220,267.85 reinsurance

in companies aufhorleod in Wisconsin 442,4.54 18

Ntt risks written $1,183,546 19

: — — =— :3

Grosfi premiums on rlr ks written $18, 501 ^

Less $1,547.32 return premiums, and $2,838.07 premiums for re-
insurance in companies authorisred In Wisconsin 4.385 99

Net premiums received $14,205 35

I..oeses puid (deducting f<alvai;e> $0,020 35

I>»Ks loHses on risks reinsured In companres authorized In Wis-
consin 402 65

Net Ivsses paid $5,527 70

lio^ses Incurred $5,874 31

I^ena losses on risks reinsured in companies authorized in Wis-
consin 505 65

Net losses incurred $5,368 66



Digitized by



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582



Mechanics iMs. co.



UNDERWRITING AND INVESTMENT EXHIBIT.



1



UNDERWRITING EXHIBIT. [ |

Premiums. I i
Total prGmlums, $31)4,339.68, less $11,-|

7«5 30 1 $382,554 2d\ .

Add uupaid return and reinsurance! j

premiums Dec. 31 of previous yearj 683 V2|.

^ ^ 1'otal I $383,237 3l|.

Deduct unpaid i*eturn and relnsur-j |

ance premiums Dec. 31. end of the| |

year j 1.024 071.

Balance | $382,213 24; .

Add uueai^n^ piemlums Dec. 31 ofj |

previous year, and $325,373.13 re-| |

claimable- on perpetual insurance..! 714,802 73|.



I



I



Total I $1,097,015 97|

Deduct unearned premiums Dec. 31, i i

end of the year, and $325,054.05 re- |

claimable on perpetual Insurance..! 732.406 70|

Premiums earned during tbe year . . . i i $364,519 27j

UNDERWRITING PROFIT AND I
LOSS ITEMS. I

Gain from agents' balances previously)

off, $18.37 and from otber under- 1

writing income, $273.50 |

Loss from agents' balances charged}

off I

Gain from above I

Agents' balances and bills |

receivable not admitted i

Dec. 31. 1912 $173 26|.

Agents' balances and bills ^. |

I'ecelvable not admitted I

Dec. ^1, end of the year 1,097 64|.



I

I

$291 871 .
106 13 .



$185 74!.
I

I



Loss from above



924 38!.



Loss from underwriting profit andj
loss items |.



738 64



Underwriting income earned during!
ing the year



LOSSES.



Losses paid

Deduct unpaid losses Dec. 31 of pre-
vious year



Balance

Add unpaid losses Dec. 31. end of the
year



Losses incurred during the year .
UNDERWRITING EXPENSES.



$220,733 23!
32,659 43



$188,073 80
29,004 20



I



Underwriting expenses paid during!

the yea^ I $177.066 53

Deduct underwriting expenses unpaid!

Dec. 31 of previous year | 7,832 20



$217,078 00



Balance 1 $109,233 331.

Add underwriting expenses unpaid! |

Dec. 81. end of the year j 7,535 66 .

Underwriting expenses Incurred dur-l I

ing the year I '



176.768 9y.



H



.790W



Digitized by



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MECflAKlCS IK^. CO.



583



UNDERWRITING AND liTVESTMENT EXHIBIT— Continued.



Underwrltlpg losses and expenses .

Loss from tinderwrltlng during the]
year



INVESTMENT EXHIBIT.
Interest and Rents.

Interest, dividends and rents received
during the year I

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



$60,332 17
12,547 38



-I



$47,784 79
13,029 90



Total

PROFIT ON INVESTMENTS.

Oaln from sale of ledger assets . ,

Gain from change In difference be-l

tween book and market value dur-l

Ing the year I

Profit on Investments during the year].

Investment income earned during the!
year ^ I.

LOSS ON INVESTMENTS.

Loss from sale of ledger assets

Loss from change in difference be-
tween book and market value dur-
ing the year



$^2 50
14.056 77



Loss on investments during the year

INVESTMENT EXPENSES.

Investment expenses paid during the
year .



Investment losses and expenses dur-
ing the year



$4,338 231
22,678 75



Loss from Investments during the)
year I .



$60,814 691.



14,599 27



$27,016 981.



I



4,275 04



MISCELLANEOUS EXHIBIT.

to stockholders)



.1.



Dividends declared

during the year .

I
Total gains and losses in surplus!

during the year I

Surplus Dec. 31, 1912 1 $3<S8.447 81

Surplus Dec. 31. 1913 1 377.503 39'

Decrease in surplus during the year! I



Gain in
Surplus.



$44,121 94



10,944 42



393,846 99



$80,066 86



$75,413 06



81.292 02



$44,U1 94



Loss in
Surplus.

$25,000 00



$55,066 86



-I-



Totals



$65,066 861 $55,066 86



Per cent of losses Incurred to premiums earned 59.
Per cent of underwriting expenses incurred to premiums earned 48.
Per cenTof Investment expenses incurred to interest and rents earned 7.
Per cent of total losses and expenses incurred and dividends declared to
total income earned 99.



Digitized by



GoogI(



584 MECHANICS <& TRADERS INS. CO.



MECHANICS & TRADBKS INSURANCE COMPANY,

New Orleans, La.

Home office, No. 144 Caroudelet Street

I Incorporated October 15, 1869; commenced business November 1, 1800; admitted

February, 1906.]

President, JAMES NICHOLS. Vice rresldent. H. A. SMITH.

Secretary, T. B. NORTON.

CAPITAL STOCK.

Amount of capital paid up In cash $900,000 00

Amount of ledger assets December 31 of previous year $1,505,476 33

INCOME.

Marine and
Fire. Inland.

Gross premiums $1,360,568 24 $1,011 («

Deduct reinsurance premiums, fire,
$377,754.03; marine and inland, $425,-
06; return premiums. Are $239,^52.34 617,706 07 425 06

Total premiums (otlier than per-
petual) $742,86127 $.586 92

Gross Interest on bonds and dvldends on stocks,
less $1,400.00 aoeruod intorest on bonds acquired
during the year $.58, 173 50

Grcss interest on deposits in trust companies and
banlcs 374 52

Gross rents from company's property, including
$2,400.00 for company's occupancy of its own
buildings 3,600 00



$743,448 19



Total gross interest and rents 62,148 02

From other sources:

Borrowed money. National Fire Insurance Co.

(Western Dept.) $20,500 00

Borrowed money, Isidore Newman & Son, New

Orleans 16.000 00



36.500 00



Total inconr.o $S42,090 21



T.tal footings $2,347,572 W



Digitized by



GoogI(



MECHANICS & TRADERS INS. CO.



685



DISBURSEMENTS.



Fire



Gross amount paid pollcyliolders for losses (luclud-
lug $52,390.87 occurring In previous years) ?3»2,3C7 43

Deduct amount rece'.ved for salvage, fire, $8,178.33;
reinsurance, fire, $231,259.66 239,437 89



Net amount paid policyholders for losses*..-

Expenses of adjustment and settlement of losses

Commissions or brokerage

Allowances to local agencies for miscellaneous agency expenses

Salaries, $54,636.40, and expenses, $6,369.50, of special and general
agents

Salaries, fees, and all other charges of officers, directors, trustees
and home office employes . . .^

Rents, including $2,400.00 for company's occupancy of Its own
build ngs ,

Advertising, $1,846.68; printing and stationery, $5,381.89

Postage, telegrams, telephone and express

Legal expenses •>

Furniture and fixtures

Maps, including corrections

Underwriters* boards and tariff associations

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

Inspect'ons and surveys

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

Taxes on real estate i

State taxes on premiums

Insurance department liceuKes and fees

All other licenses, fees and taxes:

Federal corporation tax $164 69

City or county taxes 2,643 27

State, county and city licenses and fees 3,982 19

Sundry licenses and fees, $53.25; sundry taxes,
$448.71 501 96

Other disbursements:

Interest on borrowed money, (Isidore Newman &

Son) $80 00

Borrowed money repaid 45,500 00

Mercantile reports 50 00

Traveling expenses 100 00

Office expenses :w:) 52

Premiums on surety bonds 35 00

Other miscellaneous expenses 56 95



$352,929 54

7.094 49

130,129 37

80 69

61,005 90

5.028 95

3,028 93
7,228 57
4,866 03
2,101 61
4 50
282 63
9,873 09

7,702 48
1,245 76
22 16
1,093 75
14,056 42
4,735 25



7,292 11



Pa'd stockholders for Interest or dividends

Gross loss on sale or maturity of ledger assets: Bonds

Gross decrease, by adjustment, In book value of ledger assets:
Stocks



46,131 47

12.<NNI m

1.031 25

53,922 48



Total disbursements $7:w,4S7 49



Balance $1,614,085 05



LEDGER ASSETS.

Book value of real estate . $22,000 00

Book value of bonds, $1,217,053.79, and stocks, $150,-

483.45 1,367.537 24

Cash in company's office $4,088 51)

Deposits In trust companies- and banks

not on Interest 10, 734 75

Deposit in trust companies and bankn

on interest 58.006 'Si



Agents' balances rep resent In ij. Iiuslnes:* written sub-
sequent to* October 1, 1913

Agents' balances representing business written prior
to October 1, 1013



74,629 57

148,751 85

1.166 I'D



Total ledger assets $1,614,085

uiyiLizeu uy



'Jbgk



586



MECHANICS & TRADERS INS. CO.



NON-LEDGER ASSETS.

Interest accrued on bonds ?23,&43 3;^

Market value of real estate over book value 1,500 00

Totel ,. 25,043 83

Gross assets $1,639,128 38



DEDUCT ASSETS NOT ADMITTED.

Book value of ledger assets over market value :

Bonds $«5,619 39

Stocks 30,628 45

Asrents* balances representing busluess written prior
to October 1, 1913 '. 1,160 39



117,414 23
Total admitted assets $1,521,714 15



LIABILITIES.

Gross losses adjusted and not yet due $9, 138 39

Gross claims for losses in process of adjustment or

in suspense 74,485 34

Gross claims for losses resisted 32.314 26



Totel

Deduct reinsurance due or accrued.



$115,937 91»
49.646 40



Net amount of unpaid losses and claims

Gro.<?8 premiums (less reinsurance) received and re-
ceivable upon all unexpired Are risks, $1,120,891.29
unearned premiums

Estimated amount hereafter payable for federal, stete and other
texes based upon business of the year of this stetement

Commissions, contingent or other charges due or accrued



$66,291 59



588,127 84



15.
4,



7Ti 25
227 75



Total amount of all liabilities except capital $674,419 43

Capitel actually paid up in cash $300,000 00

Surplus over all liabilit'es 547,294 72

Surplus as regards policyholders



847. 2»4 72

Totel liabilities $1,521^114 15



RISKS AND PREMIUMS.



Fire risks.



Gross

premiums

thereon.



Marine

and Inland

risks.



Gross
premiums
thereon .



In force on the 31 st day I I |

of December, 1012 ...I $140,875,9331 $1,493,673 921.

Written or renewed I | I

during the year I 125,675,4411 1,360,598 241



Total I $260,551,374' $2,854,242 16t

Deduct those expiredl I I

and marked off as ter-j | I

minated f. 113,601,5821 1,251.329 581



$220,1721

-f



!-



In force at thel I 1

end of the year! $152,859,7921 $1,602,912 58|.

Deduct amount re'n-l I i

sured f 47.552,3751 482,021291.

• 1 1_

Net amount Inl I . |

force ! $105,307,4171 $1,120,891 29|.



$220,172!

I

f

220,1721

!_



I



$1,011 U8



$1,011 98



1,011 »<



Digitized by



Goog



MECHANICS & TRADERS INS. CO.



587



RECAPITULATION OP FIRE RISKS AND PREMIUMS.



Year
written.



Term.



Amount
covered.



Gross
premiums
charsrea,
less re-
insurance.



Amount of

premium

unearned.



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

ism .

1912.
1913.



1 ill

.1 One year or less....| ?38.088,865| $441,223 93|

' Two years | 528,908] 5,033 23|

Two years | 410,3701 2,871 21|

Three years 1 13,679,487| 140,820 53|

Three years | 17,635,050] 171,219 99t

Three years | 20,77H,587| 197,759 47]

Four years i 102, 240| 703 39]

Four years | 336, 752| 1 .921 88]

Four years ] 254,C30| 2,763 38

Four years j 362,8541 3,370 11

Five years 2,2.30.7501 24,525 44

Five years | 1. 968,524] 24,475 81

Five years ] 2. 301,808] 29,224 87

.] Five years ] 3,201,314j 35.686 76'

.] Five years i 3,427,272] 39,18129]

I 1 1 ,_

Totals 1 ^105,307,4171 ?1, 120, 891 29].



I



I



$220,616 97

2,258 31

2.153 41

23,470 W

85,609 9U

164,882 89

87 92

720 70

1,727 11

2,948 85

2,452 54

7,342 74

14.612 43

24.980 73

35.263 16



$588,127 84



BUSINKSS IN THE STATE OF WISCONSIN DURING THE YEAR.



Fire.



Tornado. ]



Total.



I

Gross risks written I

Less $590,327 rislcs tancelled, and]
$229,050 reinsurance in companies]

authorized In Wiscanslu I

I-
Net risks written )

Gross preminras on risks written '

Less $3,145.64 return premiums; and]
$1,327.01 premiums for reinsurance!
in companies authorlzeil in Wiscon-I
s'n I

Net premiums received '

1

Losses paid (deducting' salvage)

Less losses on risks reinsured in com]
panics authorized in Wisconsin I

Net losses paid |

|:

Losses Incurred I

Less losses on r sks reinsured in com-j
puiiiea authorized in Wisconsin....]

I-
Net losses Incurred I



I 1

^i2, 604. 521 00] $56,850 00] $2,661,371 00

I I

! 1

783,462 00] 35,915 00] 819,377 00

1 1

$1,821,059 00) $-i0,935 00] $1,841,904 00

~ $24, 584 00] ~ $265 88| $24,849 88

I I

\ ' I

J
4,328 74 1 144 39, 4,472 65

i_^ >

$20,255 74 i $121 49i $20,377 23

$4,846 981 $1173]" "$17858^71
I I

41 991 1 41 99

1 1

$4,804 991 $11 731 $4,816 72

$10,744 65] $11 731 $10,75<i :«

I I

70 891 1 70 98

1 1

$10,673 77] $11 731 $10,685 50
I I



Digitized by



GoogI(



588



MECHANICS A TRADERS IKS. CO.



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Preininins.



I



Total premiums | ?743,44« 19i

Add unearned premiums rer^lalmablel |

on perpetual insurance I 551, DOl 201

Total I :pi.295,»40 4,'>j

Deduct unearned premiums Dec. 31,|

end of the year 1 r>8S,r27 H4|

Premiums earned during th*? year.



I

UNDERWRITING PROFIT AND |

LOSS ITEMS. '

Agents* balances and bills |

receivable not admitted !

Dec. 31, 1912 $2,9,14 39!.

Agents* balances and b'lls |
receivable not admitted j
Dec. 31, end of the year.. 1.160 391.
1



Gain from above i .

I
Underwriting income during the yearj.



LOSSES.



$352,929 54
56,905 OKI



Losses paid ]

Deduct unpaid losses December 31 ofl

previous year I

1-

Balance 1 $295,904 40|

Add unpaid losses December 31, endl
of the year I 06.291 591

Losses Incurred during the year



UNDERWRITING EXPENSES.

Underwriting expenses pa'd during

the year 1 $202.140 351

Deduct underwrUing expenses unpaidi

December 31 o'f previous year I 20,000 00'

Balance I $242. 140 3o'!

Add underwriting expenses unpaid!
December 31, end of the year i ' 20.000 00!

Underwriting expenses incurred dnr-!



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