Report online

taxes and expenses w Ai? v*

Inspections and surveys m'nii 40

State taxes on premiums 10 JSl nS

Insurance department licenses and fees 1 j, .«* uo

All other licenses, fees and taxes:

Federal corporation tax 10 S2 iS

Municipal licenses o'PTSr i«

Local taxes ^'"^ ix

Personal property tax 797 no

Provincial taxes 1 701 f«

Franchise tax ' ^''^'^ ^

21,H48 21

Other disbursements • • '•••■ 300*000 00

Paid stockholders for Interest or dividends ,>w,uw ujt

Agents' balances charged off ;•••••; V:'"^*

Gross decrease, by adjustment. In book value of ^^ ^^

ledger assets : Bonds 040 00

Stocks

2,649 97



•1 937 ftga 40
Tolal disbursements _ '

$10,404,215 25

t Balance ! -

LKDGEll ASSETS.

Mortgage loans on real estate, first liens........... $6."»,000 00

Book value of bonds, $6,472,603.10, and stocks,

$2,697,585.19 ....,....;. iii^'M ^'^*"'^**^ *"

Cash in company's office *• ^t.ioooi.

Deposits in trust companies and banks

not on interest •''•:• ^'^^ *^

Deposits In trust companies and banks

on Interest *' " " 496,800 64

Agents' balances representing business written sub-

sequent to October 1, 1913..... ;:; •••:;•,;• *^«^<"'^ *•'

Aglnts' balances representing business written prior ^^ ^^ ^^

to October 1, 1913 • • • * 'oon 50

Bills receivable, taken for Arc risks -^^ ^



.$10,494,215 25



Total ledger assets

NON-LEDGER ASSETS.

Interest accrued on mortgages • • • • — \W ' '' *' '^^

Interest due, $973.33 and accrued, V«,^.12 on ^ ^ ^.

bonds • • 1*108 09

Interest accrued on other assets '

Total

Gross assets

DEDUCT ASSETS NOT ADMITTED.
Agents' balances, representing business written prior ^^^ ^^ ^^

A'^value' of Tdger* 'isieis' over* Vna^kii' Value; ^^^ ^

Bonds and stocks

606.23S V



92,036 67
$10,580,251 92



$9,960,013 15

Total admitted assets ^ t-— rt

Digitized by VjO^^ -t i^



QtJEE^ ms. CO. OP AMERICA.



741



LIABILITIES.

Oross losses adjusted and not yet duo $113,048 50

Gross claims for losses In process of adjustment or
in suspense, plus $22,220.04; reserve for losses In-
curred prior to December 31 of which no notice
had been received on that date 2R4,883 30

Gross claims for losses resisted 04,900 00

Total $402,900 80

Deduct reinsurance due or accrued 72,808 00

Net amount of unpaid losses and claims $390,032 20

Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired Ore risks, $8,204,733.09
unearned premiums $4,244,830 14

Gross premiums (less relnsuranc-e) (cash and bills)
received and receivable upon all unexpired Inland
navigation risks, $482,298.00; unearned premiums
(fifty per cent) 241,149 23

Gross premiums (less reinsurance) (cash and bills)
recelve<l and receivable upon all unexpired marine
risks, $14,800.94 ; unearned premiums 14,004 94

Total unearned premiums as computed above 4,500,644 41

Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued.. 992 SO
Kstlmated amount hereafter payable for federal, state and other

taxes based upon business of the year of this statement 95,702 69

Commissions, contingent or other charfces duo or accrued 22,807 77

All other liablltties : PciLslon obligations 30.705 00

Total amount of all liabilities except capital $5,041,004 66

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

Surplus over aU liabilities 3,939,006 49

Surplus as regards policyholders 4,939,008 49

Total liabilities $9,980,013 15



niSKS AND PIlEMirMS.



I

Fire risks. | Premiums.

I *



Marine and
inland risks.



Premiums.



In force Decem-I

ber 31, 1912. ...| $S03,072,401 00
Written or rc-|

ncwcd in 1913..! ^^47,.^49, 0.1300



$8,808,044 44|
0,12n,214 0.-»|



$17,04,->,500 00
140,1.-U.841 001



Totals ....| $1,:;50, 421,454 00
r> e d u c t explra-|
tlons and <an-|
cellatlons | 509.110,930 00| 5,865,088 98|

In force I>e-|
cember 31, |

1913 1

I> o d u c t amounti
relnsure<l |



$14,993,859 09| $1.17,180,341 00
130.129,392 00



I I

$S41..104,5I8 0(»| .$9,128,770 11"



I-

Net amounti
In force..!



84,024.778 00



924,030 42



$750,670,740 00| $8,204,733 09

I



$21,050,949 00
259,277 00



$20,791,072 00



$431,037 11
809,840 12



$1,240,883 23
739,821 54



$501,061 CO
3,902 06



$497,150 63



Digitized by



GoogI(



Ui



QUEEN INS. CO. OP AkfiklcA.



RECAPITULATION OF FIUE UlSKS AND I'KEMIUMS.



Year
wriiten.



191,3.
1012.
1U13.
1911.
1912.
1913.
1910.
1011.
1912.
1913.
1909.
1910.
1911.
1912.
ll;13.



Term.



I



One year or less . ..|

Two years |

Two years |

Three years |

Three years \

Three years |

Four years |

Four years |

Four years |

Four years

Five years ]

Five years |

Five years I

Five years |

Five years |

Over five years |



Amount
covered.



Gross


n' .




piemiums


, u -


Amount of


charfeeu,


"Z cS


p^euilum


iesj* re-


1 • =


uuearued.


luauranv.e.


1 ^^ r
1 *^ .





9H)| $2
,8531
,057 1
,8841 1
.0501 1
.5001
.S90




781.447 OOi

29.916 23|

35,783 781

,092,3J5 Oil

,206,021 52

,334,528 76

10.945 56

13,004 08

14,343 97

16,907 53

264,0;)8 87

309,199 04

349,052 35

355,674 76

384.419 02

6,285 46|



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

Var.



I



Totals I ?750.679,740| iiJ8.204,733



0.3)0,723 53

7,479 04

26.837 83

lb2,065 94

603.010 76

1,112,107 31

1.368 19

4,895 27

8,964 97

14,846 60

26,469 89

92,750 60

174,526 17

248,972 33

345,977 13

3.825 49



$4,244,830 14



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.



I



Fire.



I Marine
I and inland.



Gross risks written....!

Less $2,756,574 risks
cancelled, and $2,-
008,888 reinsurance in
companies authorized
in Wisconsin |



I



$13,193,8441 $1,207,052



4,422,0031



Tornado.



$1,033,920



125,9501



Total.



I



$15,434,816



216.9091 4,765,462



Net risks wrltten|


$8,771,2411


$1,081,102


$817,011


$10,660,354


risks written

Less $21,033.05 return
premiums ; and $18,-
663.04 l)remlums for
reinsurance In compa-
nies authorized in
Wisconsin


$136,135 13
35.973 07


$11,418 05

2.431 57

$<*.986 48


$6,426 47
1,291 45


$153,979 65
30,696 09


ceived


$100,162 03


$5,135 02


$114,283 56


Losses paid (deductingr
salvage) |


$33,aS3 51
4,389 68


$1,823 95


$6,615 39


$41,8212 85


Less losses on risks re-
insured in companies
authorized in Wiscon-
sin


4.389 68










Net losses paid. .|


.$2S,993 Kll


.$1,823 9.-)


$6,615 39


$37,433 17


Losses incurred

Less losses on rf^ks re
insured In companies
authorized In Wiscon-
sin


$39,644 32
7,430 39


$1,363 95


$6,615 39


$47,623 66
7,430 39










Net losses incurred


$32,213 93
1


$1,363 95


$6,615 39

1


$40,193 27



Digitized by



GoogI(



QUEEN INS. CO. OP AMERICA.



743



UNDEUWUITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT. , I

Premiums. | |

I I

Total premiums , ;?4,06s,T50 411.

Add uupaid return and relnsuraucej (

premiums Dee. 31 of pri'vlous year 69,447 29i.

Total ; ♦5,038,197 70|.

Add uuearued premtunis* Dec. 31 pre-l |

vious year I 4,3.s*J,872 80

Total I $9,421,070 50

Deduct unearned premiums Dee. 3l,|
end of the year | 4,500,644 41



Premiums earned durins: the|
year |.



UNDERWRITING PROFIT AND |
LOSS ITEMS.

Gain from agents* balances prevlouslyl
charged oif I

Loss from agents' balances charged i

off t

i

Loss from above ./. |

*\gents' balauees au»I bills
receivable not admitted |

Dec. 31. 1912 ?7, 135 15| .

Agents* balancen and bills |

rei'eivable not admitted 1

Dec. 31, end of the year 13.201 91;.



Loss from above.



$2 08
451 50

]^149 42!.

1
I




-I



6,126 76i.



Loss from underwriting profit and
loss items



Underwriting income earned durlngi
the year



LOSSES.



LoRses paid

Add salvage and reinsurance recover-
able December 31 of previous year..



^,658,320 44
15,148 62



Total

Dedutt unpaid losses December 31 of
previous year



Balance

Add unpaid losses December 31, end
of the year



^^2,073,469 06
411,817 33



J|!2,201,651 73
300.032 20



1



6.676 18



$4,913,849 91



Dosses incurred during the year i $2,651,683 93



UNDERWRITING EXPENSES. t

Underwriting expenses paid during

the year I $1,961,091 08

Deduct underwriting expenses unpaldl

December 31 of previous year I 155.498 17



Balance i $1,805,692 91



Digitiz^ed by



GoogI(



744



QUEEN INS. CO. OP AliEfelflA.



UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



Add underwriting expenses unpaid}

December 31, end of the year

I

Underwriting expenses incurred dur-
ing tlie year



190,328 05



Underwriting losses and expenses .

Gain from under>vrlting during tUf|
year j .



1,055,920 96



I 4,007,601 80



1=



INVESTMENT EXHIBIT.

Interest and Rents.

Interest, dividends and rents received

during the year

Deduct Interest, dividends and rents
due and accrued Decern l»er 31, end)
of the year



Balance

Add interest, dividends and rents due|
and accrued December 31, end of the
year



Total



1375.438 85
85,304 17



;^290,134 68
92,036 67



• I-



PROFIT ON INVESTMENTS.

(Jain from sjilo of ledger awnets ...

Investment income earned during the
year



fS06,S4S t



1382,171 35



1,249 37



LOSS ON INVESTMENTS.

Loss from decrease in book value of
ledger assets

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



?2,649 971,
394,582 83 .



Loss on investments during the year] .

INVESTMENT EXPENSES. j

Investment expenses paid during tbe|
year |.



1



1397,232 80



14,570 43



Investment losses and expenses dur-
ing the year



$383,420 72



Loss from Investments during the yearl .






MISCELLANEOUS EXHIBIT. I

Dividend declared to stockholders]
during the year |.



I Gain in
I Surplus.



Total gains and losses in surplus dur-|

Ing the year I .

Surplus Dec. .-^l, 1912 |

Surplus Dec. 31, 1013 |

Decrease In surplus during the j'ear.I.



411, 8a3 23



fts.sn fti



Loss in
Surplus.

1300,000 00



?3, 061. 145 98
3,939,008 40



.1 fSSS.SDS 511



To':ils



St.lS7 4»



I



.1 93»8,MS 51 $»8,MS ftl



Per ceni of losses incurred to premiums earned, 53.89.
Per cent of underwriting expenses incurre<l to premiums earned, 39.75.
Per cent of investment expenses incurred to interest and rents earned, 3.81.
Per cent of total losses and expenses incurred and dividends declared to
total in<Mnue earned, 1(M>.42.



Digitized by



GoogI(



nEUANCE INS. CO. 7^5



BELIANCE INSURANCE COMPANY,

Philadelphia, Pa.

Home Office, 420 WALNUT STREET.

[Incorporated April 21, 1S44; commenced busiuess August 9, 1844; admitted

Marcb, 1891.]

Presldeut, WILLIAM CHUBB.

Secretary, CHAS. J. WISTKK.

Vice Presidents, JOHN GLADlNG, CHAS. J. WISTEll.

CAPITAL STOCK.

Amount of capital paid up in casb $400,000 00

Amount of ledgrer assets, December 31 of previous year $1,745,048 00

INCOME.

Fire.

Gross premiums $1,480,071 SO

Deduct reinsurance premiuniR. Are, $431,191.55; re-
turn premiums, Are, $328,655.?6 759. R*6 81

Total premiums (otber tban perpetual) $720, 224 49

Deposit premiums written on perpetual risks (grosn) 2.249 50

Gross int/^rest on mortsraire loans $2,210 25

Gross Interest on bonds and dividends on stocks.... 53,358 00,

Gross Interest on deposits In trust companies and

banks 884 a^J

Gross Interest from all other sources:

Interest on premiums of Omaha Water Co. bonds 20 80

Gross rents? from company's property, including;

$5,000.00 for corapony's occupancy of its own

buildings 8,959 00

Total gross interest and rents 05. 438 OS

From other sources:
Trj^nsfer of an «monnt retained on cancellation

of perpetual policies $400 06

Borrowed money 75.000 00

Omaha Water Co. bonds pa'd off in 1912 at par:
these bond issues optional for redemption at $105 500 00

75.000 90

From agents' balances previously chnrjred off 21S 00

Gross profit on sale or maturity of ledger assets: Bonds 595 00

Total Income $804, a^2 72

Total footings $2,010,281 02

DISBl'USEMEXTS.

Fire.

Gross nmonnt naid pollcyhoidres for lo^'ses (includ-
ing $132,001.97 occurring ill previous years $751 ,001 73

Deduct amount received for salvage, lire. $4,002 51 :
reinsurance, fire, $210,883.47; discount. Are, $552.79 222.098 77

Net amount paid policyholders for losses J^vjs.oo:' 5)0

Digitized by LjOOQK



746 RELIANCE INS. CO.

Bzpenses of adjustment and settlement of losses 11.760 21

Commissions or brokerage 178 J18 41

Salaries, $24,883.00, and expenses, $11,768.14, of special and general

agento 36,651 14

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

and home office employes 65,325 58

Rents, including $5,000 for company's occupancy of Its own build-
ings 9,210 56

Advertising, $1,402.51: printing and stationery, $9,497.48 10.890 90

Postage, telegrams, telephone and express 7. 135 8^

Legal expenses 2.000 S3

Furniture and fixtures 75 23

Maps, including corrections 4.011 .M

Underwriters* boards and tarlflf associations 9 , 960 01

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

taxes and expenses 3,204 78

Inspections and surveys 2,419 51

Repairs and expenses (other than taxes) on real estate 2,0.30 14

Taxes on real «state 1 .756 50

State taxes on premiums. 29.541 03

Insurance department licenses and fees 5,803 60

All other licenses, fees and taxes:

Federal corporation tax $1.30 .38

Capital stock tax 2.160 00

Municipal ficense 3.385 6S

5.976 06
Other disbursements:

Entertaining agents, $297.70: Janitor, $600 $897 70

Ice, $66.22 ; laundry, $56.10 121 38

Supplies for Janitor 195 87

Light and heat 1.156 39

Rent of box for securities 100 00

Bonds State Dept, etc .387 .50

Supper for clerks 221 .50

Insurance 58 74

Commercial reports .390 00

3.529 OR

Deposit premiums returned 4,891 .30

Paid stockholders for Interest or dividends 32.000 00

Interest paid for borrowed money 1,.337 49

Agents' balances charged off 909 10

Total disbursements $957,486 90

Balance , $1,652,794 72

LEDGER ASSETS.

Book value of real estate $129..327 04

Mortgage loans on real estate, first Hens 47,. 500 00

Book value of bonds. $1,241,630.00, and stocks, S;2.200 1,243,830 00

Cash in company's office $2,672 75

Deposits in trust companies and banks
on interest 55.707 22

58.379 97

Agents* balances representing business written sub-
sequent to October 1. 1913 171,826 14

Agents* balances representing business written prior
to October 1. 1913 1.931 57

Total ledger assets .' $1,652,794 72

NON-LEDGER ASSETS.

Interest due, $137.50 and seemed, $199.00 on mortgages $336 50

Interest accrued on bonds 14.891 10

Rents accrued on company's property or least* 522 80

Total 15.7H0 40

Market value of real estate over book value 4,672 9(1

Other non-ledger assets: Premlnms on perpetual policies on

real estate owned by company 1,010 00

Gross assets 0. 674. 228 0$

Digitized by LjOOQIC



RELIANCE INS. CO. 747



DEDUCT ASSETS NOT ADMITTED.

Company's stock owned $2,025 00

Agents' balances, representing business written prior

to October 1, 1913 1,931 57

Book value of ledger assels over market value:

Bonds and stocks 47,125 00

51,081 67
Total admitted assets $1,023,146 51



LIABILITIES.

Gross losses adjusted and not yet due $10,SG2 OS

Qross claims for losses in process of adjustment or
in suspense, plus $7,500.00; reserve for losses In-
curred prior to December 31 <»( wliich no notice

had been received on that date 80,270 73

Qross claims for losses resisted 0, 874 31



Total $107,007 72

Deduct reinsurance due or accrued 31 , 048 95



Net amount of unpaid losses and claims $75,958 77

Gross premiums (less reinsurance) received and receivable upon
all unexpired Are risks, $l,5(r7.2Sl.04: unearned premiums 761,860 37

Amount reeUumable by the insured or perpetual lire insurance
policies, being 90 and 95 per cent of the premium or de-
posit received 120,072 45

Salaries, rents, expenses, bills, accounts, fees, etc., due or ac-
crued 345 36

Estimated amount hereafter payable for federal, state and other

taxes based upon business of the jx^ar of this statement 13.060 00

Commissions, contingent or other charges due or accrued 14,115 87

Due and to become due for borrowed money 75,000 00

Total liabilities except capital $1,000,412 S2

Capital actually paid up in cash $400,000 00

Surplus over all llabiliUes 102,733 09



Surplus as regards policyholders 562,733 69



Total liabilities $1,623,146 51



UISKS AND PUEMIU.MS.

Fire Gross

risks. ' premiums
thereon.

Tn force on tlie 3lst dny of December, 1912 $190,018,213 $2,144,720 82

Written or renewed during the year 130.053.866 1,480,071 30

Total $320,072,079 $3,024,792 12

Deduct those expired and marked off as terminated.. 127.823,044 1,008.009 8."

In force at the end of the year $192.84q.(KCi $2,010,782 27

Deduct amount reinsured 47.813.768 509.501 23

Net amount in force $145.0.35.267 $1,507,281 04

Perpetual risks not Included above, $4,984,925.49. Deposit premiums on same,
$132,301.80.



Digitized by



GoogI(



748



RELIANCE INS. CO.



RECAPITULATION OF FIUE RISKS AND PREMIUMS.



Year
written.



Terni.



Amount

COVtTt'Cl.



(iross _ 4.

premiums o £

charifed, IS «•

less re- Sg

insurance. ^ a



1913....
1912. , . .
1913....
1911....
1912. . . .
1913....
1910....

1911

1912. . . .
1913....
1909....
1910....
1911....
1912 . . . .
1913....
1904. . . .



One year or less f $30,

Two years I

Two years I

Tliree years i 22.

Three years I 25,

Three years | 25.

Four years |

Four years I

Four years I

Four years |

Five years ! .T,

Five years 1 5.

Five years I 6 ,

Five years I C,

Five years i 7,

Ten years |

Totals I ?145,

Perpetual risks I 4,

Grand totals..! $150,



230,9461
246,3.'rr|
.72S.9«t|
83S,996I
120,0021
305,101 1
224,57o|
154,274)
l.'{ft.491|
217,0121
3S7,779l
037,S>3Cj
774,82-11
104,1001
035,8571
14.000)
-I-



1468

2



200

219

218



70
(JO
81,
71
79



a35,267I $1,507,
984,925) 132,;



660 80
.544 10
rm 30
787 64)
044 821
001 .51]
580 69)
823 98)
074 871
999 961
273 l.'.j
101 m
808 Oil
706 44!
5.36 191
77 00|
-I-



1-2
1-4
3-4
1-6
1-2
5-6
1-8
3-8
.5-8
7-S
1-10

:\-w

1-2
7-10
9-10
1-20



281 (HI

301 80)

1 1

020,1921 $1,639,582 84!



I



I



Amount of
premium
unearned



$234, :W0 40

636 03

4,849 48

.34.964 61

109,5*22 41

182,167 96

.322 58

683 9:>

1,296 79

2.624 97

7.027 .32

20.748 50

40,904 .31

.50,194 50

71,582 .58

3 85



$761,860 37
120,072 45

$881,935 82



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.



I



Fire.



I



Tornado, i Total.



Gross risks wHtten ) $2,883,017 OOi

Less $624,137.00 risks cancelled, and) |

$78,634.00 reinsurance in companieHJ I

authorized in Wisconsin I 679 , 741 001

Net risks written ) S52. 2a3, 276 00|

Gross nrenihims on rlsk« written .$32,480 771

Less $5,658.69 return premiums; an!) I

$968.50 premiums for reinsurance! |

in companies authorized in Wis- 1 !

cousin I 6.447 69!

Net premiums received I $20,039 08!

Losses paid (deductinr: salvage) | $10,940 39!

Less losses on risks retiisured In com-j |

panies authorized in Wisconsin I 99 32|.

Net losses paid ! $10i,S41_O7l

Losses incurred ! .?9. S04 17!

Less losses on risks rein Mfi red In com-! '

pauies authorized in Wisconsin I 1(K) lo;.

Net losses Incurred ! $9, 0D5 07!

I I



$153,535 001 $3,036,552 00



23,a30 00! 702,771 00



$130., 505 00 $2.3:J3,781 00



$1,073 35' ?:W..500 1::



!



179 50!



6.627 19



$8a3 85! $20,932 93
~$i2~54! $10,052~93



' t»0 32

$12 54i $10,853 61

' $ur54 $9Tsr(r7i

I 109 Ifl

$12 54] $1,707 Gl



Digitized by



GoogI(



ftELiANcE ms. CO.



749



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premlnms.



I



Total premiums, $722,473.90, less ^,-1
801.30

Add unearned premiums Dec. 31 of
previous year, and |122,464.6o re-
claimable on perpetual insurance.



Total

Deduct unearned premiums Dec. 31,
end of the year, and $120,072.45 re-
claimable on perpetual insurance



Premiums earned during the year.



UNDERWRITING PROFIT AND
LOSS ITEMS.



$717,582 60



I



1,017,704 28



$1,736,376 07
881,032 82



h



Galn from agents' balances prc-i
viously charged off, $218.00, and|
from other underwriting income,!
$406.06 1

Loss from agents' balances charged
off



Loss from above

Agents' balances and bills

receivable not admitted

Dec. 31, 1012 $1,503 02

Agents' balances and bills

receivable not admitted

Dec. 31, end of the year. . 1,031 5



Loss from above



$625 05
900 10



$853,444 15



$284 05|.



Loss from underwriting profit and
loss items



Underwriting income earned during
the year



LOSSES.



.|.



427 65..



711 70



-i



Losses paid ,

Deduct unpaid losses December 31 of
previous year



Balance

Add unpaid losses December 31, end
of the year



Losses incurred during the year.



$528,062 00
104,228 69



$.424,734 27
75,058 77



UNDERWRITING EXPENSES.



Underwriting expenses paid duringj
the year ^

Deduct underwriting expenses unpaid
December 31 of previous year



Balance

Add underwriting expenses unpaid
December 31, end of the year



Underwriting expenses incurred dur
ing the year



Underwriting losses and expenses

Losi from underwriting during the
yetr



$381,583 87
32,163 37



$340,420 50
27,521 23



$500,603 04



376.041 73



$852,732 45



877.634 77



9M,90S ftl



m



teEdbiAKcE lirB. tx).



UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



INVESTMENT EXHIBIT, i

Interest and Rents. I

Interest, dividends and rents rc-i
ceived durlnj; the year I

Deduct interest, dividends and rents
due and accrued December 31, end|
of the year i



$64,101 19



15,838 21



Balance

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



ToUl



i-



PROPIT ON INVESTMENTS.
Gain from sale of ledger assets.



Gain from other investments: Pre
mium on Omaha Water Co. bonds

Profit on investments during the year) .



$48,262 98



15,750 40



$595 00
500 00



Investment income earned during
the year



I



LOSS ON INVESTMENTS.

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



INVESTMENT EXPENSES.

Investment expenses paid during the
year



Investment losses and expenses dur-
ing the year



Gain from investments during the|
year I-



$64,013 38



1.095 00



$18,501 25i



7,802 18



$65,106 38



MISCELLANEOUS EXHIBIT.

Dividends declared to stockholders;
during the year



Total gains and losses in surplus]

during the year I .,„^ ^„, „«

Surplus Dec. 31, 1912 $180,831 06

Surplus Dec. 31, 1913 126,733 69

Decrease in surplus during the year

Totals



Gain in
Surplus.



$88,804 96



18,097 87



$56,902 82



26.303 43



$38,894 fS



Loss in
Surplus.

$32,000 00



$66,992 8t



$66,902 8t



Per cent of losses incurred to premiums earned, 58.6. ^ ,^ ,

Per cent of underwriting expenses Incurred to premiums earned, 44.1.
Per cent of investment expenses incurred to interest and rents earned, 12.2.
Per cent of total losses and expenses incurred and dividends declared to total
Income earned, 99.



Digitized by



GoogI(



tetiobE isLAi^D rirs. cO. ^5l



RHODE ISLAND INSUBANOE COMPANY,

Providence, R. I.

Home office, 17 CUSTOM HOUSE STREEf .

[Incorporated April, 1905. Commenced business January, l&OT.j

President, GEORGE L. SHEPLEY. Vice President, BMIL G. PiBPKfi.

Secretary, EMIL G. PIEPER.

CAPITAL STOCK.

Amount of capital paid up in cash (400,000 00

Amount of ledger assets December 31 of previous year $1,304,284 30

INCOME.

Blre.

Gross premiums $1,037,888 86

Deduct reinsurance premiums, Are, $232,033.87; re-
turn premiums. Are, $214,560.17 446,584 04

Total premiums (other than perpetual) $580,739 82

Gross interest on bonds and dividends on stocks,
less $210 accrued interest on bonds acquired dur-
ing the year $49,596 88

Gross interest on deposits in trust companies and
banks 809 90

Gross Interest from all other sources:

From cash deposited with Philadelphia Under-