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during the year 1.



Total gains and losses in surplus dur-|

iU i^e ^ear 1

Surplus Dec. 31, 1912 1 $.352,019 22]

Surplus Dec. 31, 1913 1 3H4,1K> 24

Increase in surplus during the year. . i



ToUU



VOi.SlO 2«!



73,023 m



|27,.'i57 01



8,420 851



Gain In
Surplus.



$100,755 41



$100,755 41



$130,733 27



35,977 86
$100,755 41



Loss In
Surplus.

$40,000 00



$69,188 S9



81,566 08



$100,765 41



Percent of losses Incurred to premiums earned, 586-10.
Per cent of underwriting expenses incurred to premiums earned, 40.
Per cent of investment expenses Incurred to interest and rents earned, 13 4-10.
Per cent of total losses and expenses Incurred and dividends declurcd to total
income earned, 96.



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602 MINNEAPOLIS FIRE & MARINE INS. CO.



MINNEAPOLIS FIBE AND MARINE INSUEANCE
COMPANY,

Minneapolis, Minn.

Home Office, 124-28 SECURITY BANK BlILDINO.

[Incorporated July 1, 1902; commenced business July 2, 1902; admitted Oct. 1906.1

President, FRKI) C. VAN DUSRN. Vice President, J. D. M'MILLAN.

Secretary, ALFRED STINSON.

CAPITAL STOCK.

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

Amount of ledger assets, December 31 of previous year $480,950 19



INCOME.

Fire.

Gross premiums $231,366 28

Deduct reinsurance premiums, lire, $22,783.46; return
turn premiums, Are, $36,894.77 59,678 23

Total premiums (other than perpetual) $171,688 05

Gross interest on mort^rage loans, less $2,575.43 ac-
crued Interest on mortgages acquired during the
year $8.656 5:)

Gross interest on bonds and dividends on stocks 11,291 44

Gross interest on deposits in trust companies and
banks 161 18

Total gross interest and rents 20.109 21

From other sources : Commissions recclvetl on sur-
plus Ines controlled by stockholders 58,518 3S

Gross profit on sale or maturity of ledger assets:

Bonds $90 00

Stocks 362 50

452 50

Total Income $230,768 14

Totel footings $731.n833



DISBURSEMENTS.

Fire.
Gross amount paid policyholders for losses (includ-

•ntf $12,S2:1.14 $6S.208 51

Deduct amount received for salvage, $407.47; rein-
surance, fire, $7,518.65 7.926 12

Net amount paid policyholders for losses $60,282 42

Expenses of adjustment and settlement of losses !»3S 57

Commissions or brokerage less $5,<S13..'j3 reinsurance commissions.. 20,685 07
Salaries, $9,2t$5.00, and expenses, $12,300.85, of special and general

agents 21.56'»So



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lilNkfeAPOLls fIre & mariKe ins. (JO. 603

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

and home office employes 14,G28 70

Rents 1.665 74

Advertising, $1,084.37; printing and stationery, $5,608.04 6,642 41

Postage, telegrams, telephone and express 2,332 57

Legal expenses 512 31

Fornitore and fixtures 642 45

Maps, including corrections 2,105 00

Underwriters' boards and tariflf associations 353 08

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

taxes and expenses 1,275 30

Inspections and surveys 2,082 64

State taxes on premiums 2. 167 37

Insurance department licenses and fees 2,702 38

Other disbursements: Miscellaneous expenses, not classified OftO 90

Paid stockholders for interest or dividends 20,000 00

Gross loss on sale or maturity of ledger assets : Bonds 4,387 5o

Total disbursements $165,936 67

Balance $565,781 66



LEDGER ASSETS.

Mortgage loans on real estate, first liens $206,025 00

Book value of bonds, $156,4n.00, and stocks, $41,012.50 197,483 50

Cash in company^s office $300 00

Deposits in trust companies and banks

not on interest 35.655 22

35,955 22

Agents* balances representing business written subse-
quent to October 1, 1913 36, 136 73

Agents' balances representing business written prior
to October 1, 1913 181 22

Total ledger assets $365,781 66

NON-LEDGER ASSETS.

Interest due, $780.00 and accrued, $5,911.19 on mort-
gages $6,691 19

Interest accrued on bonds 3. 352 05

Dividends on stocks, of which we were notified had
been declared, and have since been paid 500 Oil

Total 10.543 24

Gross assets ' $576,324 90

DEDUCT ASSETS NOT ADMITTED.

Agents' balances, represent'ng business written prior to October 1.
1913 181 22

Total admitted assets $570, 143 68

LIABILITIES.

Gross claims for losses In process of adjustment or in suspense $5,303 39

Gross premiums (less reinsurance) received and receivable upon all

unexpired fire risks, $226,172.71, unearned premiums 134,001 68

Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued.. 13S 85
Estimated amount hereafter payable for federal, state and other

taxes based upon business of the year of th's statement 6,012 47

Reinsurance and return premiums due other companies 1.884 18

Total amount of all liabilities except capital $147,940 57

Capital actually paid up in cash $200,000 00

Surplus over all liabllit.es 228,203 11

Surplus as regards policyholders 428, 203 11

Total liabilities .J'^!?!.^!^.??



Digitized by LjOOQIC



604



MINNEAPOLIS FIRE & MARINE INS. CO.



RISKS AND PREMIUMS.

Grosd
premium^

Fire risks. thereon.

In force on fhe Slst day of December. 1912 V10,tW7.507 $130,090 65

Written or renewed during the year 19,607,873 231,366 28

Excess of original premiums over amount received for

reinHurance 108 00

Total $30,295,380 $361,564 93

Deduct those expired and marked off as terminated.. 8,955.208 103,181 41

In force at the end of the year $21,340, 172 $258,383 52

Deduct amount reinsured 2,737,831 32.210 81

Net amount in force $18,602,341 $226,172 71



RECAPITULATION OP FIRE RISKS AND PREMIUMS.



Year
written.


Term.


Amount
co\ cred.


Gross
premiums
charged,
less re-
insurance.


II

12
1-6
1-2
5-6
1-10
3-10
1-2
7-10
1^10


Amount of
premium
unearned.


1913 1

1911 1

1912 1

1913 1

1909 1

1910 1

1911 1

1912 1

1913 1


One year or less 1

Three years

Three years |

Three years

Five years

Five years '


$8,162,537

702.233

2.111,536

3,965,615

104,044

413,866


$99,242 98

8.338 00

25,672 80

48.215 34

1,265 00

R.Ofll »A


$49,621 49

1,423 CO

12,836 40

40,179 46

126 50

1,509 58


Five years

Five years

Five years

Totals 1


744.7191 9,054 56
1.011,2001 12,294 53
1,386,5911 16,857 57

]


4.527 28

8.606 17

15.171 81


$18,602,3411 $226,172 71

1




$134,001 68



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.



Fire.



I

I Tornado.



Total.



(Jrcss risks written I

Less ?254,591 risks cnncolloil, :uid|
.i:273,21?9 roiusnrnnce in companlos[
antliorlzed in Wisconsin 1



.$2,3(M;.82(H

4T).2.'ir.|
I 1-

.1 5:i,s:{7,r»K4|



Net risks written
Oross premiums on risks written | ^20,a')9 Oil



$203,5101 $2,570,330

1

5S,654| 527,890

$204,8561 $2,042,440



$1,664 62 $27,704 26



Less $2,087.26 return premiums; andl
?;3,218.is premiums for reinsurance
In companies nnthorized In Wiscon-
sin


4,715 95
V.21.32:J 09


589 49


5 305 44


1




Net premiums re<'eived |


$1,075 13


$22,.mS 82


Losses paid (deducting salvage) !

Less losses on risks reln*mred In com-
panies authorized in Wisconsin . . .


$:}.129 72
145 80




$a.r29 72
145 80





1






Net losses paid |


$5.9S3 92




$5,983 92






. _


Losses incurred [


^n,773 37
145 SO


;...


$T/773~37
145 80


Less losses on risks reinsured In rom-l
panics authorized in Wisconsin ...1











Net losses Incu rred I


?1.627 57




$4,627 57


t


. ..



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MINNEAPOUS FIRE & MARINE INS. CO.



605



UNDKUWUITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.



Total premiums I ?171 ,088 0.*i

Add uupaid return ami reinsurance]

premiums Dec. IM of pievious yearl 452 21

Total I

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



9172.140 201
1.884 181



Balance I 9170, 2.10 081

Add unearned premiums Dec. 31 of I
previous year I 72. 147 681



)-



Total I 1242,403 761

Deduct unearned premiums Doc. 31. 1
end of the year I 181,001 681



1-

Premiums earned during thel
year ,,,,.,,,....'.



UNDBRWnT'niNa profit AND I
LOSS ITEMS. I

I-



Oaln from affents' balances previously!

charired off I $58,518 381

LoM from affenta* balances charged I

off I 2351



Oain from above I

Agents' bfllances and Mils i

receivable not admitted '

Dec. 81. 1012 $282 OOi

Agents* balances and bills I

recelvnble not admitted I

Dec. 81, end of the year.. 181 22'



958,402 87



Gain from above.



-I



100 781



Lrtss from underwritlugr profit and!
loss items '



Underwriting Income earned during'
the year ' .



LOSSES. »

Losses paid ' 960. 282 421

Deduct unpaid losses December 31 of
previous year ; I 12,823 141



Balance I 917.450 28

Ad'i i^nnnld losses December 31, endl
of the year ' .^.305 ,30i



Losses incurred durlnjr the year.



I-



rNDKRWRITlNG KXPEXSlC??.



I



T^wlpiwrUIng expenses paid during'

the veir i tji^.&li 36'

DPdnrt undAfwHthic exnenses unpaid! 1

Decembet* 81 of prevoug f&al:. < . n . . 2.098 10



I

9108.402 081.

I

I



lAaUHV^



>78,fla6 ii\.



58.593 OrV.

f

I



9166,095 73



I
9'»2.762 671.

I
f



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606 MINNEAIH)LIS FIRE & MARINE INS. CO.

UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



Add underwriting expenses unpaid!
December 31, end of the year I 6,751 n*

Underwritinff expenses incurred dur-I
ing the year I |

Underwriting losseH and expenses....! I

Gain from ufiderwrit'ng during the; I

year i i



85,277 491.



INVESTMENT EXHIBIT.
Interest and Rents.



Interest, dividends and rents received I
during, the year j

Deduct Interest, dividends and rentsj
duo and accrued December 31, end!
of the year I

Balance I

Add interest, dividends and rentsi
due and accrued December 31, end]
of the year



Total



I-



I
I

$20,109 211.

I

I

7,423 241.



138.<M0 16



$28,965 67



.1.



$12,685 97! I.

I f

I I

10.543 241 [.



I
$23,229 21).



PROFIT ON INVESTMENTS.
Gain from sale of ledger assets



Jnvestment income earned during the|
year ' .

LOSS ON INVESTMENTS.



Loss from sale of ledger assets.



I



INVESTMENT EXPENSES.



Investment expenses pafd during the|
.vear '

Investment losses and expenses dur-1

inff the year I

Gain from investments during the'

I
year '



MISCELLANEOUS EXHIBIT.



I



Dividends declared to stockholders!
during the year I .



Total flralns and losses In surplus!

during the vpar I.

Rurnlns n^c. f»i. 1A1*> ..'

Surplus Dec. 31, 1913 1



452 50).

1



$23,681 71



$4.387 50'.
I
I



016 8S1



I



Gflin in
Surplus.



1 5.004 3S


1 $18,677 SS



Los*? in
Surplus.

$20,000 00



^oon ";to oil
22S.203 11'!



I
$47,882 90' $20,000 Oo

I



Increase in surplus during the year..' '.

II-
Totals ! '

I I



27.682 90



$47,882 90' $47,692 9«

I



Per cent of losses incurred to premiums earned, .486.
Per cent of underwrltlne expenses incurred to premiums earned* .786.
Per cent of investment expenses incurred to interest and rents earned, .0265.
Per cent of totsl losses and expenses incurred and dividends declared to total
income earned, .832.



Digitized by



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NATIONAL BEN FRANKUN FIRE XNS. CO. 607



NATIONAL BEN FRANKLIN FIRE INSUBANCE
COBIPANY,

Pittsburgh, Pa.

Home Office, 120-122 W. OHIO STREET.

[Incorporated December 28, 1910; commenced business January 1, 1911:
admitted April, 1006.]

President, SAMUEL M'KNIOHT.

Vice Presidents, CHAS. F. STIFELJOSEI'H C. PORTER.
Secretary, II. M. SCHMIDT.

CAPITAL STOCK.

Amount of capital paid up in cash $1,000,000 00

Amount of ledger assets December 31 of previous year $3,283,596 92

INCOME.

Fire.

Gross premiums $2,292, 119 73

Deduct reinsurance premiums, fire, $103,405.04; re-
turn premiums, Are. $413,960.71 817,365 75

Total premiums (other than perpetual) $1 , 474 , 753 98

Gross interest on mortsrapre lonns $148,462 04

Gross interest on collateral loans 5,460 70

Gross interest on bonds and dividends on stocks,
less $395.69 accrued interest on bonds acquired dur-
ing the year 5,369 31

Gross interest on deposits in trust companies and-

banks ' 2,598 30

Gross interest from all other sources:
Deposited with Philadelphia Underwriters Asso-
ciation 6 30

Trenton Auxiliary Fire Alarm Co 60 00

Delinquent accounts 27 62

Gross rents from company's property, fncludluf?
$6,000.00 for company's occupancy of its own build-
ings 10,948 75

Total gross interest and rents 172,J»39 80

From other sources : Sale f f real estate 2,500 Of>

From agents* balances previously charged off 264 45

Total income $1,650,458 23

Total footings $4,934,055 15

DISBURSEMENTS.

Fire.
Gross amount paid policyholders for losses includ-
ing $153,165.06 occurring in previous years) $949,253 91

Deduct amount received for salvage. Are, $1.180.51 ;
reinsurance, fire, $147,141.65 151.322 10

Net amount paid policyholders for losses $797. 0.*?! 75

Expenses of adjustment and settlement of losses 21..ms 40

Commissions or brokerage 431 , 614 37

Allowances to local agencies for miscellaneous agency expenses.. 25,756 38
Salaries, $16,624.96, and expenses, $16,233.40, of special and gen-
eral ayentt * <..w.4.< « 82.868 86



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608 NATIONAL BKN FRANKLIN FIRE INS. CO.

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

and home office employes 68,340 41

Rents, including $6,000.00 for coinnuny's occupancy of its own

Jbuildlngs 6,000 00

Advertising, $1,352.56; printing and stationery, $5,793.34 7,145 UO

Postage, telegrams, telephone and express 3,673 34

Legal expenses 1 , 145 42

»'»irnitine n'>d fixtures 2S 45

Maps, including corrections 1.444 32

r»Mlerwriters' hoards and tariff as-sociations , 11,836 20

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

taxes and expenses , 12,851 70

Inspections and surveys , 6,287 00

Repaird and expenses (other than taxes) on real est^ite 3,421 63

Taxes on real estate , 2,108 14

0tate taxes on premiums , • » . . . t 22, 225 86

Insurance department licenses and fees 8,067 04

VUl other licenses, fees and taxes:

Federal corporation tax $624 37

Capital stock tax 4,593 16

Fire marshal! taxes , , 1,407 86

jtfpnlcipal taxes , 3,150 10

0,775 40
ptber disbursements:

Light, heat, ice. water, at home office , . . $1, 121 18

MiiceUaneouB home office expebses , . . . . 287 63

' 1,858 80

Paid stockholders for interest or dividends ,..., 160,074 00

Agents balances charged off , 1,T21 84

Orosi loai on sale or maturity of ledger assets t Real estate.,.. 6 IB

Total disbursements , |1,687.5» 64

BaUmc^ «*f. ,,«tf.tf...fMMM*tftftM*».t 18.2^.4^^



LEDGER ASSETS.

Book Talue of real estate, $146,189 8A

Mortgage loans on real estate, first liens 2,478,145 68

Loans secured by pledge of bonds, stocks or other

collateral 81.000 00

Book value of bonds, S132,63a75 and stocks. $7,260.00 189,798 75

Cash in company's office $34,770 53

Deposits In trust companies and banks on

Interest 180.706 16

215,485 69

Agents* balances representing business written sub-
sequent to October 1, 1913 233.204 26

Agents' balances renresenting business written prior
to October 1, 1913 1,591 65

Other ledger assets: Deposited with Philadelphia
Underwriters Association 200 00

Total ledger assets $3,206,465 61



NON-LEDGER ASSETS.

interest due, $5,830.28, and nrcrued, $34,70.3.24 on

mortgages $40. ."^S .'>2

interest accrued on bonds 1 ,779 17

Interest due, $83.08, and accrued, $160.02, on col-
lateral loans 243 10

Uents due. 3S1 25

ToUl .~ . . ~' 4d. O.'it 04

Market value of real estats over book value n • < 11.810 42

Or©sp asset? i .;..;:» • .;,,<...... . |8i9W.tl9 ^



Digitized by



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NATIONAL BEN FRANKLIN FIRE INS. CO. 609



DEDUCT ASSETS NOT ADMITTED.

Agents* balances, representing business prior to

October 1, 1913 Jj!l ,591 05

Book value of ledprer assets over market value:
Bonds and stocks 1,501 2.')



3, 182 00



Total admitted assets $3,347.ri30 17



LIABILITIES.

Gross losses adjusted and not yet due $o3,067 43

Gross claims for losses in process of adjustment or
in suspense, plus $10,045.08, reserve for losses In-
curred prior to December 31 of which no notice had

been received on that date 00, .W^ 11

Gross claims for losses resisted 15.847 02



Total $150,323 40

Deduct reinsurance due or accrued 32. 738 40



Net amount of unpaid losses and claims $128,585 00

Gross premiums (less reinsurance) received and receivable upon
all unexpired Are rtsks, $3,164,010.58 1,665,562 00



Dividends declared and unpaid to stockholders 835 00

Salaries, rents, expenses, bills, accounts, fees, etc., due or ac-
crued 107 22

Estimated amount hereafter payable for federal, state and other

taxes based upon business of the year of this statement 22,000 00

Commissions, contingent or other charges due or accrued 468 04



Total amount of all liabilities except capital $1,815,147 82

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

Surplus over all liabilities 532,382 85



Surplus as regards policyholders 1,532,382 85

Total liabilities $3,347,630 17



RISKS A.M> PREMIUMS.

Gross
premiums
Flro risks. thereon.

Til force on the 31st dny of Dcioinbcr. lOlli $.161.0S7.,3.'ifl $:j. 4.17. 291 52

Written .or renewed during the year 230,224,055 2,292.110 73

Excess of original premiums over amount received
celved for reinsurance 1 , 823 13

Total $501,911,301 $5,731,234 38

Deduct those expired and marked off os termi-
nated 194,186,790 1.960,230 67

In force at the end of the year $397,724,601 $3,771 .003 71

peduct amount reinsurance , ,.,.,.,,... 57,3.36,114 606,984 13

W eiJlOUnt In force i • • • : -. i , . . m i n i . • $'M0.. 388,487 $3,164,019 58



5j>^lne.-l



Digitized by



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610



NATIONAL BEN FRANKUN FIRE INS. CO.



RECAPITULATION OP FIRE RISKS AND PREMIUMS.



Year
written.



Term.



AmouDt
covered.



Gross

premiums |

chanred,

less re-

iDsurance.



Is

h



Amount of
premium
unearned.



1913
1911
1912
1913
1910
1909,
1910
1911
1912
1913



One year or less.
Three years ....

Three years

Three years ....

Pour years

Five years

Five years

Five years

Five years

Five years

Over five years..,



$03.954.3r>4

63,797,6871

74.564,619

76,534,887

202.2491

7.760,5211

9,584.412

13,431,015

15,239,013

14,769,390

549,4401

-1-



$705,753

505,341

605,618

625.805

2.543

95.978

116,328

154,088

174.983

172,601

4,887



1-2
1-6
1-2
5-6
1-8
1-10



I



271 3-10



1-2
7-10
77r 9-10
l.->iP. R. !



1352.876 7«

84,223 58

302,809 37

521.504 52

317 92

9,597 80

34.898 48

77,024 24

122,488 30

155.422 58

4,39S44



Totals I $340.388.487113,164.010 581 1 $1,665,562 00



I



I



BUSINESS IN THE STATE OP WISCONSIN DURING THE YEAR.



Fire.



I Tornado.



1 I

Gross rfsks written i $2,844,262 00| $26,300 001

Less $469,637 risks cancelled, and I t I

$182,971 reinsurance in companies! I !

authorized In Wisconsin I 651.108 00 1,600 001

I 1 . '

Net risks written 1 ri. 193. 154 00 | rJ4.700 001

Gross premlnms on risks written | $31.133 681 $115 ."lOi

Less ^.782.27 return premiums; audj j

$2,454.27 premiums for reinsurnncei I

in companies authorized in Wiscon-I I

Bin ' 6.230 14'

Net premiums received ! $24 .003 Ta \

LosHcs paid (dedurtinjr 8alvape> ' $s.616 57

Less losses on risks reinsured lu| <

companies authorized in Wisconsin 1 555 021

I .

Net losses paid ' $8 .061 .%5

Losses incurred I $9,382 24'

Less losses on risks reinsured in com-| I

panies authorized in Wisconsin ! .\\9 79'

I '

Net losses Incurerd l $8,822 45! $26 80i

I I




Total.



$2,870,562 00

652,708 00

$2,217,854 00

^$31,^9 IS



$8,849 25



Digitized by



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NATIONAL BEN FRANKLIN FIRE INS. CO.



611



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.



I



Total premiums I 1^1,474,753 981.

Add unearned premiums Dec. 31 of| I

previous year | 1,600,100 801.

I-



Total

Deduct unearned premiums Dec. 31,
end of the year



13,083,854 78|.
1,065,562 OU .



Premiums earned during the year i I ^1,418,292 78

UNDERWRITING PROFIT AND | I

LOSS ITEMS. I I

Gain from asrents' balances previously i i

charged off | $204 45

Loss from agents' balances charged off) 1,721 34



J-



Loss from above I $1,450 89

Agents' balances and bills j
receivable not admitted |
Dec. 31, 1912 $5,108 01|

Agents' balances and bills |
receivable not admitted |
Dec. 81, 1913 1,591 65

Gain from above ., I 3.516 96



Gain from underwriting profit aud|
loss items ; .



I



2,060 07



Underwriting income earned durlng|
the year I .



LOSSES.



Losses paid

Deduct salvage and reinsurance re-
coverable Dec. 81, end of the year.



Balance

Add salvage and reinsurance recover
able December 31 of previous year



$707,931 75
32,738 40



$1,420,352 85



Total I

Deduct unpaid Iossoh December 31 of I
previous year I

Balance I

Ad#i unpaid losses December 31, eudi
of the year |



$765,193 35|.

I

32,104 41 .

$797,297 701 .



(
204.617 871 1.

-I I



Losses incurred during the year. . . .
UNDERWRITING EXPENSES.



$502,679 89! ].



159,323 461 .

1



I
.! $752,003 351.



I



Underwriting expenses paid durlngi
the year I

Deduct underwriting expenses uupaldj
December 31 of previous year i

Balance I

Add underwriting expenses unpaldl
Deceniber 31, end of the year I

Underwriting expenses incurred dur
ing the year 1913



I



I



$663,622 761.



21,266 541.
-I



$642,366 25r.

I

20.665 261.

!



I



.1 663.021 48|.
-1



Underwriting losses and expenses — t f j 1,415,024 83



Gain from underwriting during the]
year I



.;i



Digitized by



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612 NATIONAL BEN FRANKUN FIRE INS. CO.

UNDERWRITING AND INVESTMENT EXHIBIT— Oonttoued.



INVESTMENT EXHIBIT.
Interest and Rents.

Interest, dividends and rents received
during the year

Deduct interest^ dividends and rents
dne and accrued December 31, end
of the year *



^172,939 SO



I -



44,805 0G|.



Balance 1 »128.134 75]

Add interest, dividends and rents duel
and accrued December 31, end of the
year I 42,937 04]



Total I I *17A'«^A '»

PROFIT ON INVESTMENTS. j

* 16161



Loss from sale of ledger assets

Loss from change In difference be
tween boolK and market value dur
ing the year



Loss on investments during the year



INVESTMENT EXPENSES.

Investment expenses paid during the

year I $14.233 54

Deduct investment expenses unpaid

December 31 of previous year 2,000 00



3,829 79|.



Balance

Add investment expenses unpaid De-
cember 31, end of the year i

Investment expenses incurred during
the year I'



$12,233 54
2,000 00



13.335 91



14.233 54



Investment losses and expenses dur-{
ing the year I •

Gain from investments during thei
year t •



-^



17,569 48



$1M,«0S SI



MISCELLANEOUS EXHIBIT.



I



I Gain in • Loss In

I Surplus. I Surplus.
Dividends declared to stockholders! I I

during the year ' ,' ; $iqo>006 00



I



Total gains and losses In surplus dur-i

inir the/ year I I »i«l,s«# «3 yiw.wv o«

Surplus T>lc. 31. 1912 1 ^^J'^ 52| !

Surplus Dec. 31, 1913 1 532.382 85 1.

Increase in surplus during the year..!



-I



Totals ' 1 $t«l,88d8«



1 S3« SS



«1«1.8S9 SS



Per cent of losses Inonrrcd to premiums earned. 63.0.

Per cent of underwriting expensea to premlumi earned, 46.7.

Per cent of Investment expenses incurred to interest and rente earned. 8.8.

Pet cent of ^tal loiiei ind expei|ii#| Incurred fto4 dlTldendi tQ toui i^QOlijf



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i^A^lONAL BREWERS INS. CO. 6l^



NATIONAL BREWERS INSXTRANOE COMPANY,

Chicago, 111.

Home office. 332 S. MICHIGAN AVE.

[Incorporated Marcb 28, 1906. Commenced business April 15, lOOG.]

Date of admission into Wisconsin, April, 1906.

President, WILLIAM H. REHM. Vice President, RUDOLF BRAND.

Secretary, E. GRAHAM RHOAl>S,

CAPITAL STOCK.

Amount of capital paid up in cash |200,000 00

Amount of ledger assets December 81 of previous year $345,834 95

INCOME.

Fire.

Gross premiums $42,561 13

Deduct reinsurance premiums, fire, $4,390.84; return
premiums, lire, $3^573.14 7,963 98

Total premiums (other than perpetual) $34,507 15



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