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

taxes and expenses 5,546 36

Inspection and surveys i 2,208 60

State taxes on prem ums 7,903 11

Insurance department licenses and fees 5, 119 28

All other licenses, fees and taxes:

Federal corporation $193 86

Municipal tax 641 11

Franchise tax '. 100 40

935 37
Other disbursements:
Interest allowed for advance payment of marine

premiums $111 59

Miscellaneous expenses 899 7-S

1,011 37

Paid stockholders for Interest or dividends 24 , 000 00

Agents* balances charged off 502 54

Total disbursements $549,342 55

Balance $1,464,498 77

LEDGER ASSETS.

Mortgage loans on real estate, first Hens $60,000 00

Book vahie of bonds, $448,205.20, and stocks, $782,159.84 1 .2:30,425 04

Cash In company's office $7,898 76

Deposits in trust companies and banks
on interest 58.608 94

06,507 70
Agents' balances representing business written sub-

se<iuent to October 1, 1913 102,605 75

Agents' balan<-es representing business written prior

to October 1, lOl.T 3,9W 04

Bills receivable, taken for marine and inland risks 390 00

Bills rece'vable. taken for Are risks 366 24

Other ledger assets: Cash deposltecl with fire

boards 300 00

Total ledger assets $1,464,498 77

NON LEDGER ASSETS.

Interest accrued on mortgages $60 00

Interest accrued on bonds 3,825 00

Total 3.88500

Gross assets $1,468.383 77

DEDrCT ASSETS NOT ADMITTED.

Agents' balances, representing business written

prior to October 1. 1913 $3,904 04

Book value of ledger assets over market value:

Stocks and bonds 146,525 04

Cash deposited with fire boards 300 00

150,729 08

Total admitted assets $1,317,654 69



Digitized by 'v-ji^v^-JIC



OLD COLONY INS. CO. 693



LIABILITIES.

Gross losses ndjusted |65 7f>

Gross claims for losses in process of a<iJuHtment or
in suspense, plus Ji;l,304.iV<: reserve tor losses in-
curred prior to December til of which no notice

had been received on that date 1U),S»7 MJ

Gross claims for losses rt»sistod 8, 7lKl IXi

Total $128,708 .'.4

Deduct reinsurance due or accrued 44,018 89



Net amount of unpaid losses and claims $83,84o 15

Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired tire risks, $710,r»92.14 ;
unearned premiumn ;^1)0,088 45

Gross premiums (less reinsurance) (cash and bills)
received anil receivable upon all unexp'red inland
uavif^ation risks, i,: 4 0,920.11; unearned premiums
(fifty i>er cent) 88. 400 (j5

Gross premiums (less reinsurance) (cash and bills)
rec<»ived and receivable upon all unexpired marine
risks, ^4(J,24O,08; unearned premiums ."H) per cent .. 28.12:{ 01



Total unearned premiums as computed above 152.271 51

Salaries, rents, expenses, bills, accoiijiis. f.-es. etc., due or a*' "ni'Ml 17<) 93
Estimated amount hereafter payable for fe<K^ral, state and other

taxes based upon business of the y^^jir of this statement 4.708 02

Commissions, contingent or other charjjes due or accrued 4,002 98

Keinsuran«"e rnd return premiums due other companies 818 25

Total amount of all liabilities except capital Ji^>45,872 44

Capital actually paid up in cash :^400,000 00

Surplus over all liabilities .171.782 25

Surplus ns re;rards policy holOci-s 771 , 782 25

Total liabilities ,S1..817,054 «9



KISKS AND PUKMU'.MS.



Fire risks.



Gross Marine Gross

premlunns and inland i premiums
thereon. risks. thercK)n.



I I

! I

S>80,702 .89; 0,597,0001 $192,280 52



In force on the 81st day,

of December, 1912.... 1 .i;S5,045. 151
AVrltten or renewed | I

during the year | 77. 112. ."121 790,010 90| 12,848.84S| 280,58.8 08






Total I .Vl<}2, 1,57, 00;V ^1 , 071 , 78t) 29! ?19, 440, 4571 Jf 172 , 820 20

Deduct tlio.se expired| I 1 |

and marked off as' I I I

terminated I 08,959,2191 072.745 801 12,812.910t 282,212 66



In force at the| | | I

end of the year' !!;t»8. 198,4441 $9i)S,993 98' $0 , 0:58 , .51 1 1 ^190,00754

Deduct amount rdn-l ' !

KUH'd ' 28.975.115! 2S8.40I 79* 2.5.59,.8t)l r.7,44140



-I



Net amount in| | | I

force I ?74, 223. 3201 $710.592 141 :(51. 074, 2101 ^12:i.l60 14

I f f I



Digitized by



GoogI(



694



OLD COLONY INS. CO.



RECAPITULATION OF FIRE RISKS AND PREMIUMS.



Yenr
written



Term.



Amount
cuvered.



Gross
premiums
chanred.
less re-
insurance.



c c



Amount of
premiums
unearned.



1913 1 One year or less .... I $28 , .^193, 02^1 |292, 600 42 1-2

1^12 1 Two years | 302,771| 2,540 06 1-4

1913 1 Two years | 3.51,764! 2,246 90 3-4

1911 1 Three years i 9.531,1311 84,346 97 1-6

1912 1 Three years ( 11,789,7741 105,263 75 3-6

1913 ( Three years | 14.041,2R8| 124,490 79 5-6

1910 1 Four years | 1C3.621| 498 39 1-8

1911 Four years | .^^,121)1 1,100 70 3-8

1912 Four years i 170,4.31| 1,698 20 5-8

1913 Four years [ 55,9001 508 07 7-8

1909, I Five years ; 184,893' 2.575 76 1-10

1910 1 Five years | 163,974| 1,968 50 3-10

1911 1 Five years | 1,552,442| 16,282 45 5-10

1912 ! Five years | 2.852,0331 31,752 71 7-10

1913 1 Five years I 3,995.680( 42,233 91 j 9-10

I Over five years | 40,391( 454 561 P. R.

I I 1 1

: Totals I 1174,223,3291 $710,592 141 | $390,688 45

! I I I I



$146,300 21

635 02

1.685 16

14.057 83

52.631 88

103,742 32

62 30

435 27

1,061 25

444 57

2>7 68

581 55

8.141 23

22.226 90

38,010 52

414 86



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.



Fire.



Marine and
inland.



Tornado.



Total.



Gross risks w^rltten | $2,459,024 OOl

Less $535,193 risks ran-| [

celled, and $401,434 re-( |

lusurunoe In oompa-|

nles authorized Inj

Wisconsin i &56,665 00



I I

$116,555 00| $130,083 00 $2,706,262 00



55.962 00



Net risks written | $1,602,959 00| $60,593 00



Gro.ss ,)remlums on|
risks written |

Less $5,200.56 return]
premiums; and $5,-(
801.00 premiums for|
reinsurance in cora-I
panics authorized In]
Wisconsin I

I-
Net premiums re-|
celved



$27,632 781

I
I



I
9.350 311



$3,300 491



24,000 00 936,627 00



$106,083 00) $1,769,635 00

I



I



I



1,482 081



$752 87



168 63



$31,686 14



11,001 62



Losses paid (deduct-I

Ing salvage) : |

Less losses on risks
reinsured In compa-'
nles authorized Inl

Wisconsin I

I-
Net losses paid . . I



$18,282 471



$1,817 811



$584 24



Losses incurred

Less loBJ^es on risks]
reinsured in compa-
nies authorized in
Wisconsin



1=



$8,217 m

I

I

I

1.581 391

1-

$6,636 501



$137 64|



19 37'.

-I-



I $10,772 731



$118 271.
$272~64L



$20,684 52



$8,355 53



1,600 76



$6,754



$11,045 37




-"lyitized by



Googtc



OLD COLONY INS. CO.



695



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT. |
Premiums. |

Total premiums | ^15.182 44

Add unpaid return and reinsurance!
premiums Dec. 31, end of the yearj 818 25



Total I $615.418 761

Deduct unpaid return and relusur-l I
ance premiums Dec. 31, end of the|

year \ 81S 251

Balance [

Add unearned premiums Dec. 31 of!
previous year 1



?614,600 51 .
399.r»35 06'.



Total -. i fl, 014, 135 571 } .

Deduct unearned premiums Dec. 31.1 (
end of the year I 452.271 511 |.

Premiums earned during the year ' I $561,864 061.

UNDERWRITING PROFIT AND ' '

LOSS ITEMS. ! I |

I
Gain from agrents' balances prcvl-'

ously charged off j

Loss from agents' balances charged offi

I-

Loss from above

Agents* balances and bills
receivable not admitted

Dec. 31, 1912 $817 62

Agents' balances and bills
receivable not admitted
Dec. 31, end of the year. . 3.D(M 04J

Loss from above



$ 6»!

502 54



$501 85



3,086 42



Loss from underwriting profit and!
loss items i



3,5,«8 27'.

1



Underwriting income carnc»l duringi I
the year ! ' j $3.'iS,275 79



I



LOSSES. I

I

Losses pa'd '

Deduct unpaid losses D.'coniber 31 ofl

previous year I

I 1

Balance ! $2.34,676 3r»|

Add unpaid losses December 31, end!
of the year I



$300,00'J 12'.
65.332 77'.



Losses incurred during the 3*ear

UNDERWRITING EXPENSES.



I-



I
83.845 151.



$318,321 50



!



Underwriting expenses paid duringi

the year I

Deduct underwriting expenses unpaid!

December 31 of previous year I

I-

Balance .',|

Add underwriting expenses unpaidj
December 31, end of the year I

Underwrlt'ng expenses Incurred dur-|
Ing the year i.



I
$223,296 22'.

!
14.993 231.

!



$208,302 90 .
I
8.937 531.

1



!



217.240 521.



Underwriting losses and expenses...!.

1

Galu from underwriting during thcl

ye^r t..M '•






5.^5.762 02



|««.518 11



uiyiLizeu uy



-^rr^glt



696



OLD COLONY INS. CO.



UNDERWRITING AND INVEOTMENT EXHIBIT-Contlnued.



INVESTMENT EXHIBIT. j

Interest and Rents. I

Interest, dividends and rents received]
during the year |

Deduct interest, dividends and rent8|
due and accrued December ai, end

of the year j

1~
Balance I

Add Interest, dlv'dends and rents duej
and accrued Dece-jiber .11, end of thel
year '



Total



I



Ji;TO.T7."5 7.11



.1.1.35 001 .



$47,C40 7.1|.
I



^I.SS."* 0(» .



$51,52.5 73;,



PROFIT ON INVESTMENTS
Gain from sale of ledger assets .
Investment Income earned during the'



year



•1-



LOSS ON INVESTMENTS.

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



INVESTMENT EXPENSES.



Investment expenses paid during the|
year '



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



Loss from invest.nients during tbe|
year I .



<^5 .'iO| .



I
.'^•!:n.il7S 75i.



I
i,.5:u 07(.



?52,211 23



fSl.SOt If



MISCELLANEOUS EXHIBIT.

1
Dividends declared to stockholders!

during the year |.

Loss from other sources: C&^\\ de-l
posited wHh lire board, 191,1. $.100 ;|
1912, ?i00



Net loss from above '

I
Total gains and losses In surplus dur-l

lug the year i

Surplus Dec. .11, 1912 |

Sirp^u^ Dec. 31. 1913 •



Gain In
Surplus.



Loss In
Surplus.

$24,000 00



100 ()0
$t4.IOO ••



Decrease ii\ surplus during the yeu
Totals



$454,070 071.
.171.7.S2 251.

I



$S2,513 77! $105. 4«t 19



»i.9S9 4t,.



.1 $103,403 191 $105,402 19



I



I



Per cent of losses Incurred to premiums earned, 5.6.
Per cent of underwriting expenses Incurred to premiums earned, .ISO.
Per cent of Investment expenses Incurred to interest and rents earned, 3.0.
Per cent of total losses and expenses Incurred and dividends declared to total
income earned, 109.0.



Digitized by



GoogI(



ORIENT INS. 00. 697



ORIENT INSURANCE COMPANY,

Hartford, Conn.

[liipoi'poratocl June 28, 1S67. Commenced business January, 1872.]
Home office, 20-22 TRINITY STREET.

President, AROHIBALD G. MrlLWAINE, JR.

Secretary, HENRY W. GRAY. JR.

CAPITAL STOCK.
Amount of capital paid up In cash $1,000,000 00

Amount of ledRer assets December 31 of previous j-ear J?o,511,077 86

Increase of paid-up capital during the year, transferred from
surplus 500,000 00

Extended it $4,011,077 86

INCOME.

Marine
Fire. and inland.

Gross premiums $2,312,804 OO $135,748 IKS

Deduct reinsurance premiums. Are,
$510,789.85; marine and inland, $9,-
988.90; return premiums, Are. ?3<3,-
215.87; marine and inland, $20,901.49 884,005 72 .36,890 45



$1,527.746 81



Total premiums (other than
perpetual) $1,428,888 28 $98,858 53

Gross interest on bonds and dividends on stocks,
less f432.56 accrued interest on bonds acquired
durinjr the year $124,410 44

Gross interest on deposits In trust companies and
banks 5,988 90

Gross Interest from all other sources: On agents'
balances 22 66

Gross rents from company's property, including
$4,550.02 for company's occupancy of its own
buildings 12.500 00

Total gross interest and rents 142.922 00

Total Income $1,670.068 81

Total footings $3,681,746 67

DISBURSEMENTS.

Gross amount paid policyholders for
losses (including $116,707.18 occur-
ring in previous years) $1,025,97145 $52,504 84

Deduct amount received for salvage,
tire, $9,899.91; marine and inland,
$2,119.31; reinsurance, fire, $236,852.69;
marine and inland, $4,939.38; dis-
count, Are, $387.17 247,139 77 7,058 69



Net amount paid policyholders
for losses $778,831 68 $45,536 15



$824,367 83

Digitized by LjOOQIC



698 ORIENT INS. CO.

Expenses of adjustment and settlement of losses 24,867 21

Commissions or brokerage 305.578 49

Allowances to local affencles for miscellaneous ngency expenses .. 1,076 28
Salaries, $30,790.04, and expenses, $26,417.62, of special and general

agents 57,237 06

Salaries, foes, and all other charges of officers, directors, tms-

tees and home office employes 67, 138 31

Rents, including $4,550.02 for company's occupancy of its own

buildings 0,195 56

Advertising, $4,486.09; printing and stationery, $13,824.32 18,310 41

Postage, telegrams, telephone and express 9,960 65

Legal expenses 196 95

Furniture and fixtures 1,651 37

Maps, including corrections 3,871 68

Underwriters' boards and tariff associations 18,437 78

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

taxes and exiMjnses 17, 192 11

Inspections and surveys 8,63149

Repairs and expenses (other than taxes) on real estate 3,008 88

Taxes on real estate 8,827 00

State taxes on premiums 28,149 23

Insurance department licenses and fees 10.889 M

All other licenses, fees and taxes:

Federal corporation tax $1,81S 37

Municipal licenses and taxes . ^ 5, 828 85

Franchise taxes 12,556 50

Other disbursements:

Exchange

Subscriptions

Expenses In connection with IncreaFe In capital...

Miscellaneous expenses

Transferred from surplus to capital

507.871 72
Agcn*s* balances charged off 5i41 11



$951 85

864 42

501 00

5,554 4ri

500,000 00


20,203 72



Total disbursements $1,941,384 36



Balance $3,740,862 81



LEDGER ASSETS.

Hook value of real estate v $167,686 38

Book value of bonds, $2,809,273.44, and stocks, $88,-

202.60 2.897,536 04

Cash In company's office $2,474 31

Deposit in trust companies and banks

on interest .'574,241 83



376,716 14

Agents* balances representing business written sub-
sequent to October 1, 1913 281,523 71

Agents' balances representing business written prior

to October 1. 1913 16,809 51

Bills receivable, taken for fire risks 39 00

Other ledger assets: Balances due from companies.. 51 5:^

Total ledger assets $3,740,362 81



NOX-LEDGER ASSETS.

Interest due, $19,977.50 and accrued $17,214.98 on

bonds $37,192 48

Interest due on bank deposits 935 75

Total 38.128 25

Gross assets $3,778,490 54



Digitized by



GoogI(



OftlEKT ms. CO.



69d



DEDUCT ASSETS NOT ADMITTED.



Agents* balances, representliiff businesa written prior
to Octouer i, laio

Book value of ledger assets over market value:

Bonds and stocks

Balances due from companies



§516.800 51

274,141 04
51 3:^



291,002 08
Total admitted assets $3,487,488 46



LIABILITIES.

Gross losses adjusted and unpaid (due |16,768; not
yet due, <;*2U> $17. 188 00

Gross claims for losses in process of adjustment or
in suspense, plus $3,263.00; reserve for losses
incurred prior to December 31 of which no notice
had heen received on tnut date Ill . 133 93

Gross claims for losses resisted 17,645 00



Total $145, 986 93

Deduct reinsurance due or accrued 41 , iu4 2i



Net amount of unpaid losses and claims $104,262 66

Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired fire risks, $2,769,297.32;
unearned premiums $1,437,361 16

Gross premiums (less reinsurance) (cash and bills)
received and receivable upon all unexpired inland
navigation risks; $93,610.24; unearned premiums
(fifty per cent) 46,806 12



Total unearned premiums as computed above 1,484,166 27

Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued 870 00
Estimated amount hereafter payable for federal, state and other

taxes based upon business of the year of this statement 32,155 00

Commission.^, coutiUKent or otaer churKPH due or aecnicd 4.300 00

All other liabilities : Balance due other companies 256 00



Total amount of all liabilities except capital $1,626,010 83

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

Surplus over all liabilities 861,477 «3



Surplus as regards policyholders 1,861,477 63

Total liabilities $3,487,488 46



RISKS AND PREMIUMS.



Gross Marine I Gross

Fire risks. , premiums and Inland , premiums
I thereon. risks. I ther*»on



In force on the 3l8t day

of December, 1912 ...I $322,632,148( $3,283,657 67' $3,219,989i

Written or renewed] |

during the year ....1 223,458.006| 2,312.894 OOj 6.339,293



Total $546,085,154 $5,59^.551 671 $9,569,282

Deduct those expired) | '

and marked off asj I |

terminated ) 204,311,852 2,138.851 67| 5.419,874



$81,051 63
135,748 98



$216,800 61
113,695 07



In force at the end! )

of the year I $341,773,3021 $3,457,700 00

Deduct amount rein-] |

sured I 67,445,262t 688.402 6S



Net amotint in force $274,828,041



0^$2,



769,297 32



1-

$4,139,4081
486,0321



$103,105 54
9.495 30



$3,653,376



$93,610 24



Digitized by



GoogI(



700



ORIENT iKS. CO.



KECAriTl LATION OF FIRE RISKS VXD PREMnJMS.



Year
written.



1913 j

1912 i

1913 1

1911 :

1912 1

1913 1

1910 j

1911

1912 ,

1913 i

19C9 i

1910 1

1911 1

1912

1913 1



Torm.



One year or less

Two years

Two yearH

Three years

Three years . . . .
Three years . . . .

Fonr years

Four years

Four years

Four years

Five years

Five years

Five years

Five years

Five years

Over five years .



Amount
♦•oven'd.



$73,977,060

f»6.480;

l,12t).258l

41,834,470!

45,949.8721

51,577,ie0|

n33,19r>I

417.8071

371,7711

«75,970t

8,«l«,a74.

9,810.2831

11.2.->2,722:

12,487,1131

14,454,32r,i

404,4741



Gros«>
premiums
ohanred, *

insurance.






Amount «>f
premium
uneamtHl.



$$eo,

0,

9,

372,

404

437

5

3



99
118,
132
140
101
3



109 81 1
637 22i

286 04|
363 28|
418 791
823 91
,241 631
633 671
649 841
472 311
478 141
221 56|
363 881
784 751
60S 90|
113 501



1-2 I

1^ I

3-4 I

1-fl i

1-2 ;

•5-6 I
1-^ I
3-8 1
3-8 I
7-8 !
1-10 I
3-10 I
1-2 I
7-10 j
1^10 I
P.R.I



$430,

1,

6,

62,

202,

364

1,

4,

6.

9.

35.

66,

98,

145,

1,



054 90
650 30
964 52
000 54
209 39
8S3 21
655 21
362 63
156 15
538 24
947 81
406 44<
181 93
549 33
529 05
172 48



Totals



$274,328,0401 $2,769,297 32! | $1,437,361 15

I I I



BrSINESS IN THE STATE OF WIS(H>XSIN niRIXG THE YEAR.



Fire.



Marine and Tomido
Inland. Tornado.



I



,740!



Gross risks written ; $0,47

I^ss $1.(.*V<.231 risks eaiK'elled.l j

and $79,572 reinsurance inl 1

companies authorized In AVIs-| j

eonsin ..i 1.009,203i



$64,455

i

I
11^7001



$2,11.1251



Total.



$6,793,320



36.900i 1.117,803



Xet risks written



$5.408.5.';7|



$VJ,755| $214.*225' $5,675,517



Gross premiums on risks writ- 1 !

ten ! $fi«,8S9 72!

Less $8,490.43 return premiums:; '

and $1,045.19 premiums foi'j !

reinsurance in companies au-l '[

thorlzed In Wisconsin | 9.210 821



I I

$1 , 452 51 1 $1 , 160 97i $69, 500 20



213 33|



120 47j 9.544 62



Xet premiums re<'eived.., $57,678 90, $1.239 18 $1.046 50 ; $59 .964 58

Losses paid (deducting sal-[ ! I

va>?e) ; Sll,0O4 54| ?^*<5.^MM*;_ $136 26. $10,1 »72 80

Losses incurred ' $157880 37| ~ $168 00

I .1 -^_^ L



$119 12| $15,831 4^



Digitized by



GoogI(



ORIENT INS. CO. 701



TNDEltWRITINd AND INVESTMENT EXHIBIT.

- - -^ - I " ^ " r ' i'

I I I

INDEUWRITING EXHIIUT. I i

I'remluiiiP. | I '

I 1 I

Total prpiiiiuhiH ( $1.51'", 740 81. |.

Add unpaid return nud relunuranoe | I

premiums Dec. 31, 1911» | 12,004 75! \.



Total I $1,540,411 5«|.

Add unearned pn>miumH De<\ 31, 1912i 1.434.717 Oil.



I

Total $2,975,129 47|

Deduct unearned premiumH Dec. 31,! i '

1913 ' 1,484,10627'



I

Premiums earned during 1913 ! 1,400,903 20..

I I I

i I I

l'NDERWItITIN<; PROFIT AND I I

LOSS IT E.MS. ' !

I I ;

LuKH from agents' balanci's charged I

off ' 9241 11 !.

AgentH* balancen, blllM re- I [I

celvable, and other un- I ' I

derwritlng items not ad- ' I '

mitte<l Dec. 31, 1912.... $7,118 831 ' !

Agents* balanites, bills re- I
eelvable, and other un- 1
derwritlng items not ad- '
mitted Dec. 31, 1013.... 10,801 04|



Loss from above ! 9,742 21



Loss from underwriting profit and] I I

loss items ' .....' 9.083 321 .



irnderw:-ltlng Incomo earned durlngi | I

1913 1 ' $1,480,979 88

! I '

! I I

LOSSES. ' ; I

I t

Loss«»s paid ' $824,307 8.3 I

Add salvage and reinsuranee recover! I |

able Dec. 31, 1012 1 0,780 15, .



Total ^ $834.147 98',



Deduct unpaid losses Dec. 31, 1912...' 129,426 84 1.

i 1 !

Balance [ $704,721 141 !.

Add unpaid lossos Dee. 31, 1913 104,262 60 ^ '.

Losses inenrrcd during 1913 ' I SS08.0S3 SO .

i ' I

UNDERWRITING EXPENSES. I I I

I 1 I

Underwriting expenses paid during] I I

1913 1 $600,037 SOI '.

Deduct underwriting expenses unpaidi | |

Dec. 31, 1912 ' 33,670 001 '.

i 1 I

Balance I $571,907 80 f.

Add underwriting expenses unpaid' I I

IHH*. .31. 1&13 1 43.047 82 '.

! I

Underwriting expenses Incurred dur-| I !

ing 1913 1 1 615.015 62 .

I I I



Underwriting losses ond expenses ,..|..... I 1,423.999 42

Gain from QQderwrltlng during 19131 | $54,980 44

Digitized by LjOOQK



702



ORIENT INS. CO.



UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



INVESTMENT EXHIBIT.

Interest and Rents. I

I

Interest, dividends and rents received)

durin^r the year

Deduct interest, dividends and rents
accrued Dec. 31, 1912 '



$142,922 001



30.517 891.



Balance


1 $100,404 11
38,128 23


1


I


Add Interest, dividends and rents ac-
crued Dec. 31, 1913


!










Total




1144,532 34


LOSS ON INVESTMENTS.






Loss from cliau*:e in difference be-
tween book and market value dur-
ing 1913


"


1146,180 00
1




INVESTMENT EXPENSES.






Investment expenses paid during 1913





10,636 62





Investment losses and expenses dur
Ing 1913



Loss from investments duriui; 1913.

1=
I
MISCELLANEOUS EXHIBIT. I

I

I

Expenses In connection with increase!

of capital '.

Transferred from surplus to capital..!.



156,816 62
tlS.t84 S8



Gain in
.Surplus.



t Loss in

' Surplus.

.' $501 00

.) 500,000 00



Not loHH from abovo



I



9900 501 0%



•I



Total ffalns and losses In surplusl

during 1913 1 1 $56.980 461

Surplus Dec. 31, 1912 ! $1. .'117, 282 45! '

Surplus Dee. .^1, 1013 ' 861,477 63' '

' ! !

Dccroii.«io in surplus during 1013 ' I 455.804 82'



$512,785 tS



Totals



I



I



$512,785 28! $512,785 28



I



Per cent of lo.sses Incurred to premiums earned 54.26.
I*cr cent of underwriting expenses incurred to premiums earned 41.25.
Per cent of investment expenses incurred to Interest and rentd earned 7.36.
Per cent of total losses and expenses in'Mirret] ancj (^ividepds declared to
Jotal income earned 97.25.



Digitized by



GoogI(



PELICAN INS. CO. 703



PEUOAN ASSUKANOE COMPANY,

New York City.

[Incorporated March 7, 181f9. Commenced business May 1, 1899.]

Home office, 100 WILLIAM STREET.

Date of admission Into Wisconsin, 1899.

President, L. P. BAYARD. Vice President, P. BERESFORD.

Secretary, A. D. IRVING, JR.

CAPITAL STOCK.

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

Amount of ledger assets December 81 of previous year $747,970 39

INCOME.

Fire.

Gross premiums $502,335 97

Deduct reinsurance premiums, Are, $127,818.85; re-
turn premiums. Are, $90,002.98 217,821 83

Total premiums (other than perpetual) $284,514 14

GroHs Interest on bonds and dividends on stocks,

less $93.33 accrued interest on bonds acquired

durlnff the year $26,568 05

Gross Interest on deposits in trust companies and

banks 823 97

Gross Interest from all other sources: Philadelphia

Fire Underwriters' deposit 2 62

Total ^oss interest and rents 27, 394 04

Gross increase, by adjustment. In book value of ledger assets:
Bonds 390 00

Total Income $312,298 78

Total footings $1,060,278 17

DISBURSEMENTS.

Fire.
Gross amount paid policyholders for losses (luclud-

ing $45,862.15 occurring in previous .vear.s> $250,947 80*

Deduct amount received for salvage. Are. $4,758.42;

reinsurance. Are, $106,422.06; discount. Are, $51.97.. 111.232 47



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