I>eposits In trust companies and banks
on interest 48,979 00
49,024 11
Agents balances representing business written sub-
sequent to October 1, 1913 87.202 83
Agents balances representing bu.«;iness written prior
to October 1, 1913 299 23
Total ledger assets $1 ,267,929 39
NON LKmJEU ASSETS.
Inierest accrued on bonds $13,409 02
Other non-ledger assets: Maps, furniture and fixtures (cost
$21,507.03) 10,000 00
Gross assets $1,291 ..^)8 41
;)EI>r<'T A.SSKTS NOT AD.MITTKn.
Furniture, fixtures and safes $10,000 00
Agents* balances, representing bus ness written
prior to October 1, 1913 299 23
llook value <.f ledger nssi'ts over ninrket vnlue .'».!. .T>i 02
G9.6S> 83
Tot..l .ndmltted assets $1,221,742 56
Digitized by
GoogI(
STANDARD FIRE INS. CO. 777
LIABILITIES.
Gro88 cluiuitt for losst's tn protess of udJuHtuieut or In
suspense, plus :(54,O00.0O; reserve for losses Incurred
prior to December .11 of which no notice had beeu
received on that date $45,390 48
Gross claims for losses resiste'9 2,550 00
Total $47.940 48
Deduct reinsurance due or accrued 8,635 34
Net amount of uni»nid losses and claims $3t),311 14
Gross premiums (less reinsurance) received and receivable upon
all unexp red Are risks. .s:s5.325.80 unearaed premiums 43>J..S'3 95
Salar'es, rents, expanses, bills, accounts, f€»es, etc., due or accrued 1,043 88
Estimated amount hereafter payable for federal, state and other
taxes based upon businesij* of the year of this statement 10.000 00
Total amount of all liabilities except capital $489,838 97
Capital actually paid up iu cash $500,000 00
Surplus over all liabilities 2:1 i, 903 5: >
Surplus as regards policyholders 731 ,'.Hi3 59
Total liabUItles ^"1.221.742 ThJ
RISKS AND PREMIUMS.
Gross
premiums
Fire risks. tbereon.
In force on the 31st day of December, 1912 $79,693,021 $724.452 82
Written or renewed during the year 87,773,4^3 852, 40 J 13
Total $107,460,514 $1,570,861 95
Deduct those expired aud marked off as terminated.. .59,310,507 592.576 16
In force at the end of the .vear $108.1.55.917 $9^4.285 79
Deduct amount reinsured 21, 125. .504 198,959 93
Net amount in force $87,030,443 $785,325 84;
Digitized by
GoogI(
778
STANDARD FIRE INS. CO.
RECAPITULATION OF FIRE RISKS AND PREMIUMS.
Year
wiiUen.
Term.
Amount
coven d.
(if OSS
pivmhims
charged,
\t>iis re-
in!>uiaiice.
Amount of
pr*»m»um
uuearncHl-
I
1913 1 One year or less.
1912 1 Two years
1918 1 Two years
1911 1 Three years
1912 1 Three years
1910 1 Four years
1911 j Fonr years
1912 1 Pour jears
1913 ! l^our years
1910 Five years
1911 1 Five years
1912 1 Five years
1913 ! Five years
I
I Totals
I
$35,040
ir
39
11,913
73
142
64,
64.
1.614.
2.376.
3,055,
3,812.
.S24i
,3721
7711
.3801
,581)1
7711
, 2821
,74S|
.3.341
696'
3471
251!
3491
$340,036
1,433
335
69.900
146,843
506
1,133
M3
1.008
17,682
24,713
34.034
43.657
I
I
181 1-2
071 1-4
48 3-4
.341 1-6
19 ,5-6
271 1-8
76t 3-S
351 .5-8
91! 7-8
70! 3-10
12; 1-2
191 7-10 I
07 9-10 '
$174,518 <J9
251 61
11.650 <»«
122,369 32
63 28
425 16
X^ .5Q
SvV2 SO
5.3<>4 SI
12.356 ZiH
23,823 5*3
33.201 36
$87,030,443' $785,325 861.
$138, SS3 95
BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.
Fire.
Gross risks written $1 , 7;H , 370 00
Les** $363,200 risks cflncel'od, aud $246,941 reinsurance In companies
authorized In Wisconsin CIO. 141 00
Net risks written $1,144 .225 00
Gross premlnms on risks written $22,472 97
Less $377,543 return premiums: aud $314,110 premiums for rein-
surance in companies, authorized In Wisconsin 6.916 o3
Net premiums received $15 . 5r»0 44
Losses paid (deducting salvape) $3. 7S5 41
liess losses on r'sks reinsured in companies .nuthorized in Wis-
consin 1 48 OS
Net losses paid X3.6 37 33
Losses Incurred $1. 424 »<
Less losses on risks reinsured In companies authorized In Wis-
consin 161 41
Net losses Incurred S4.2<»3 47
Digitized by
GoogI(
STANDARD FIRE INS. CX).
779
UNDKRWRITINO AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT
•Premiums.
Total premiums
Add unpaid return and reinsurancei
premiums
Total "l ?554 ,i>iy
Add unearned premiums Dec. 31 ofl
previous year I 332,988 50
Total '
Deduct unearned premiums Dec. 71,1
end of the year
Premiums earned during: the year
- UNDERWRITING PROFIT AND
LOSS ITEMS.
Agents* balanites and bills
receivable not admitted
Dec. 31, 1912 »175 Sti\
Agents' balances and bills {
receivable not admitted I
Dec. 31. end of the year. . 299 23!
Loss
Underwriting income earned during'
the year I
LOSSES.
Losses paid I
Deduct salvage and reiusuranre re]
coverable Dec. 31, end of the year.
Balance
Add salvage and reinsurance ret'ov-l
erable December 31 of »»rtviousl
year ..(
Total I
Deduct unpaid losses December 31 of;
previous year I
Balance I
Add unpa'd losses December 31, end
of the year
Losses incurred duriug the 3'ear
UNDERWRITING EXPENSES.
I
Underwriting expenses paid during
the year I
^ Deduct underwriting expenses unpaid!
â– ^ December 31 of previous year
Balance I
Add underwriting expenses uupald|
December 31, end of the year '
Underwriting expenses incurred dur-l
ing the year
Underwriting losses and expenses
Loss from underwriting during the*
year
- - ' »Digikei^j^^^gIe
780
STANDARD PIRE INS. CO.
UNDERWRITING AND INVKSTMENT EXHIBIT— Coutlnued.
INVESTMENT EXHIBIT.
Interest and Rents.
$43,482 44
11,439 2l>|
Interest, dividends and rents received|
during the year
Deduct interest, dividends and rents]
due and accrued December 31, endj
of the year |
Balance | ^,043 151
Add interest, dividends and rents]
due and accrued December 31, endl
of the year | 13.463 Oi
I
Interest and ren^ earned durinf? thcl
year |
PROFIT ON INVESTMENTS.
Gain from snle of ledger assets
Investment income earned during!
the year ! .
i
ff,\o.oi2 it;.
I
4i»4 1-'.,
^10,000 20
LOSS ON INVESTMENTS. '
Loss from change In dlflTerence be-|
tween book and market value dur |
Ing the year '.
INVE8T\^ENT EXPENSES.
Investment expenses paid during the]
year I .
Investment los.ses and expenses dnr-i
ing the year I
Loss from investments during the!
year ' .
$11,870 11
G ."mO OOi.
48.4i6 11
n.4l» St
MISCELLANEOUS EXHIBIT.
Dividends declared to stockholders
Total gains ond losses in surplus dur- 1
ing the year I.
Surplus Dec. 31, 1912 ;
Surplus Dec. 31. 1913 '
i-
Decrease fn surplus during the year.. I.
I Gain in
I Surplus.
$316,614 lOj.
231.903 591.
Totals
1
Loss in
Surplus.
$40,000 00
f8l.71« 51
$H4.710 51
«g4. 710 511 «S«,«IO 51
Per cent of losses Incurred to premiums p'irned, TtA.Ti.
Per cent cf underwrtlng expenses Incurred to premiums erfrneil, 54.9.
Per cent of InvestuHMit expenses Incurred to Interest and rent** earned. 14
Per cent of tot*»1 losseg and expenses incurred and dividends declared t» tot«|
income earned, 107,
Digitized by
GoogI(
fe*I*. PAtJt J'ikE A MAtlliiE rtiS. CO. ?8i
ST. PAUL FIBE & MABINE INSUBANCE COMPANY,
St. Paul, Minn.
Home office, CORNER 5TH AND WASHINGTON STREETS.
[Incorporated May, 1865. Commenced business May, 1865.]
Date of admission into Wisconsin, 1872.
President, F. R. BIGELOW. Vice President, .T. H. SKINNER.
Secretary, A. W. PERRY.
CAPITATi STOCK.
Amount of capital paid up in cash $500,000 00
Amount of ledger assets December 31 of previous year $8,893,781 35
INCOME.
Marine
Fire. and inland.
Gross premiums $6,139,019 73 $2,652,815 90
Deduct reinsurance premiums, fire,
$740,176.74; marine and inland, $761,-
200.46; return premiums. Are, $8r2,-
796.89; marine and inland, $303,806.80 1,612,973 63 1,065,007 35
Total premiums (other than
perpetual) $4,522,046 10 $1,587,808 55
$6,109,854 65
Gross interest on mortgage loans, less $20.75 accrued
interest on mortgages acquired during the year . . . $30,013 02
Gross Interest on collateral loans . .' 1,803 47
Gross interest on bonds and dividends on stocks,
less $7,861.28 accrued interest on bonds acquired
during the year 325, 159 29
Gross interest on deposits in trust companies and
banlfs 4,935 88
Gross Interest from all other sources: Interest on
notes taken •. . . 10, 210 ."55
Gross rents from company's property, including
$12,000 for company's occupancy of its own build-
ings 17,111 20
Total gross interest and rents ; 389,233 47
From other sources:
National German American bank stock $6,000 00
Conscience money 230 00
Merchants' National bank stock 1,375 00
7.606 00
Increase in liabilities during the year on account of reinsurance
treaties 11,914 60
From agents' balances previously charged off 2.718 47
Gross profit on sale or maturity of ledger assets: Bonds l.OOS 61
Total Income $6,^*22,424 80
Totm footings $15,416,206 15
Digitized by
GoogI(
'82 ST. PAUL FIRE & MARINE INS. CO.
DISBURSEMENTS.
Marine
Fife. and inland.
Gross amount paid policyholders for
losses (including $476,841.17 occur-
ring in previous years) $2, 750,902 83 $1,706,617 84
Deduct amount received for salvage,
flre» $12,380.68; marine and inland,
$85,960.94; reinsurance, fire, $348,-
438.13; marine and inland. $703,284.22;
discount, flre, $896.52 361,715 33 780,265 16
Net amount paid policyholders
for losses $2,389,187 50 $917,252 68
$3,306,440 18
Expenses of adjustment and settlement of losses 60.848 87
Commissions or brokerage 1,453.574 17
Allowances to local agencies for miscellaneous agency expenses.. 6,865 56
Salaries, $65,643.30, and expenses, $145,189.83, of special and general
BgentB 210,833 22
Salaries, fees, and all other charges of officers, directors, trus-
tees and home office employes 122.905 45
Rents, including $12,000 for company's occupancy of its own build-
ings 12,968 50
Advertising, $7,047.72 ; printing and stationery, $47,838.65 54,88687
Postage, telegrams, telephone and express 82,900 99
Legal expenses 12.187 29
Furniture and fixtures 8,848 85
Maps, including corrections 9,297 75
Underwriters* boards and tarWT associations 11,570 41
Fire department, flre patrol and salvage corps assessments, fees,
taxes and expenses 5,653 09
Inspections and surveys 23,767 52
Repairs and expenses (other than taxes) on real estate 4,316 88
Taxes on real estate 3.460 39
State taxes on premiums 129. 650 88
Insurance department licenses and fees 20, 128 98
All other licenses, fees and taxes:
Federal corporation tax $6,124 24
City licenses and occupation tax 9,252 82
City taxes 618 95
State and county licenses and taxes 3,032 83
Other disbursements:
Tracing flour shipments $390 35
Auditing accounts 64 50
Collection charges on checks 404 24
Deposit bonds 156 25
Commercial reports 2,422 00
Entertaining agents 652 00
Bxamf nation by Minn. Ins. dept. 1,117 50
Premiupd on life insurance policy 20 69
Insurance Journals ^ 924 25
Subscription to Association of Commerce and
Y. M. C. A 400 00
â– Surety bonds 235 14
Picnic, wedding, Christmas gifts, etc 935 94
Duty 334 63
19.028 84
8.117 49
Paid stockholders for interest or dividends 100.000 00
Agents' balances charged off ' 838 58
Gross loss on sale or maturity of ledger assets:
Real esUte $4,010 58
Bonds 2aJ29
Stocks 125 00
4,861 87
Gross decrease, by adjustment, in book value of ledger assets:
Stocks 1,875 00
Total diBbursements $5,628,267 IS
Balonce , $9,787.989 01
ssaaa
Digitized by
GoogI(
St. PAUL PmE & MARINE INS. 00. ^83
LEDGER ASSETS.
Book value of real estate « |254»580 W
Mortgage loaus on real estate, llrst liens, $642,906;
oilier tnan llrst, flOO 643,306 00
Boon, vtuue oi Luuu^, ^ i ,^ou,&;£d.bu, uuil siotks, ^^rJ,-
Ood.tia 7,532,917 Ti
Cash In companys office |501 62
DeposiU In trust companies and bank*
not on inteiest 3.017 80
Deposits In trust companies and banks
on interest 501,637 73
505,157 15
Agents' balances representing business written sub-
sequent to October 1, 19i3 758,597 -37
Ageut.^ uuiauces lepreseuiiug business written prior
to October 1, lyia • 8,12a 78
BUis receivable, taneu for marine and inland risks.. 4,131 58
Buls receivable, taken for Ure risks y 73,129 82
Utber ledger assets:
Due tioui reinsurance companies for return pre-
miums 120 18
Due from reinsurance companies on losses paid... 6,640 o6
Total ledger assets 19,787,989 02
NON- LEDGER ASSETS.
Interest accrued on mortgages »..< $7,804 66
interest accrued on bonus .'. . bd,l 4U 9b
Total 63.575 64
Other non-ledger assets: Unliquidated Interest in luu sbares of
xNaiiouai Uei man American inniK stock 1,000 00
Gross assets $9,852,014 56
DEDUCT ASSETS NOT ADMITTED.
Agents' balances representing business written prior
lo ucio bei A, AU-..0 $8, 128 78
Bilis receivable, past due, taken for marine, inland
and tire ribks 16,876 30
Mortgage other than llrst 400 UU
Misceiiuueuus stocks lt.32d 00
book vaiue of leuger assets over market value 360,064 65
Reinsuring companies — collection doubiful bUM 10
887.624 88
Total admitted assets $9,464,889 73
LIABILITIES.
Gross losses adjusted, not yet due $62,045 11
Gross claims for losses in process ot adjustment or
lu 8ubpe».^o 566,028 90
Gross claims for losses resisted 28,060 70
Total $656,134 71
Deduct reinsurance due or accrued 209,048 43
Net amount of unpaid losses and claims $447,066 28
Gross premiums (less reiUHUrance) received and re-
ceivable upon ail unexpired tire risks, $9,101,711.60;
unt;urued piemiuum $4,723,298 39
Gross premiums (less reinsurance) (cash and bills)
received and receivable upon all unoxpired inland
navigation risks, $Qi2,loo.90; unearned premiums
(hity per cent) 406,075 45
Gross premiums (less reinsurance) (cash and bills)
- received and receivable upon all unexpired marine
risks, $^4^142.56; unearned premiums (lOO per cent) 84,142 56
Total unearned premiums as computed abOT« ^ • . . 6. 164, 616 iO
Digitized by LjOOQIC
784
S*f. PAUL PltlE A MARINE iKS. CO.
10).(0I 00
3.983 8K
34,337 32
1.000 00
lOstiniatcU ainoiiiit herejifter payable for federal, state and other
tuxen baseu upuu Lii8iiie>8 oi me .xear ot catn staieiiitrnt
roniDiitisloiis, continfi^eut or otUer charges due or aeerued
Kelnsurauoe and return premiums due other companies
All other liabilities: Reserved for unpaid bills
Total amount of all liabilities except capital $.1,750,023 88
Capital actually paid up In cash $500,000 00
Suipius over ail nabilluos ;j,213,9tt') 85
Surplus as regards policyholders 3,713,065 85
Total liabilities $9,464,889 73
RISKS ANJ> PREMU'MS.
I
Fire risks.
Gross
premiums
lhere<»n.
Marine
and inland
risks.
Gross
premiums
Ihereon.
In force on the SIstday | i
of December, 1912 ..| $723.ir>3.C00| $9,390,211 55
Written or renewed] | |
during the year ....| 502,973.510| 0.135,019 731
Excess of orlglual pre-1 1 I
mlums over aroountj I
r<»ceived for relnsur-' 1 I
ance I ' 2,f94 9CI.
$23,861,933
443,008,002
$837,325 23
2.652,815 90
Total |$l, 220,127, 110'$15,527, 326 241 $468,869.935| $3,490,141 13
Deduct those expii*edi | ( i
and marked off usj | | !
terminated | 425.107.2.-591 5,665.350 34 1 431,230.9571 2,551 J531 36
I I _t f .
i
$35,638,978) $938,589 77
1
3,482,335' 126.438 87
$32,156,643! $812,150 90
I
In force at the endl | I
of the year f $801,019,871! $9,861,975 90|
Deduct " amount reIn-1 1 |
sured | 59.018.9191 760.264 30|
Net amount In force! ^742,000,922! $9,101,711 60|
I I I
RECAPlTrLATlON OF FIRE RISKS AND PREMIUMS.
Year
i»rllten.
Term.
Amount
covered.
G • OSS
premiums
chanred,
less re-
insurance.
•3
I r.
A mount of
premium
une&rned.
I
1913 1
1912 1
1913 1
1911 '
1912 1
1913 !
1910 1
1911 1
1912 1
1913 1
1900 1
1910 1
1911 !
1912 1
1913 1
1
One year or less ...
Two years I
Two J'ears !
Three years t
Three years [
Three years '
Four years '
F'our years '
Four years ]
Four years I
Five years f
Five years I
Five years '
Five years '
Five years I
Over five years .
Totals
1-
$146
1
105
130.
141,
38
36
40,
42
50
4
.101.1.38
965.0:U{
,148.039
925.057
4.j1,.551'
906.084
467.036!
571.7.MI
.^»37.853;
,5.54. 282'
665,715!
.426.3581
805.6921
839.. 5851
.494.7831
.140.350'
$1
,946.804 52t
7.718 49!
8.229 36
116.353 68|
.352.948 73
565,039 061
5.0W 80|
5.1.54 401
4.664 94
5.418 891
560,630 83!
538.335 24
534.189 521
578.784 54'
685. :«8 35|
183.010 251
I
1-2
1-4
3-4
1-6
1-2
.V6
1-8
3^
5-8
7-8
1-10
3-10
1-2 '
7-10 I
9-10 I
P. R. !
L
$973,
1,
6,
186.
676.
1.304,
4
.56
100
267
405
616
58
402 26
929 62
172 02
058 95
474 36
199 22
636 35
932 90
915 59
741 53
963 08
000 57
004 76
149 17
804 51
823 50
$742,000,9221 $9, 101,, 711 601 1 $4,723,298 39
Digitized by
GoogI(
BT. PXXJh ^IHE & MAIUKE INS. CO. ?85
bUSINfiSS IN THE STATE OP WISCONSIN DURING THE YEAR.
Fire.
Marine &nd
inland.
Tornado.
Toial.
I
I
Gross risks written ...f $11,803,0131 $5,625,945 Ml $l,135,92O($18,024,878 54
Iwess Are, $903,399; ma-1
line, $30,942 risks can-i
celled, and fire, $1,-1
128,630, marine, $89,-|
.^^6 relnnuran 'e ml
companies anthorlxedj |
in Wisconsin J 1,932,029)
I
120,478 001 1 2,052,507 00
-I-
Net risks written. | $9.930,984| $5,505,467 54| $1,1 35, 920. $16, 572. 371 54
Gross preminms oi
risks written
I^ess tire, *i2,050.»9, ma
rlue, $')21.39 return
preminms ; and fire,
$12,172.30, marine.
$752.03 premiums for
reinsurance in com
panies authorized in
Wisconsin
Net preminms re-
ceived I
Losses paid (deduct)
ing salvage) I
Less losses on risks re-)
insured in compa-l
nies antborized inj
Wisconsin I
=1=
-1=
$125,973 38! $18,315 59| $7,671 74] $151,960 71
I ' I
I
24,223 291
I
1,673 421.
25,896 71
$101,750 091
$00,965 72
6,717 10
I !
$16,642 17| $7,671 74| $126,065 00
$7,337 32
^1=
I
$4,606 58| $72,009 60
-I-
Net losses paid .... | $54 , 248 62|
674 53|.
Losses incurred |
Less losses on risks re- 1
insnred in compa-j
nies authorized in
Wisconsin |
!-
Net losses incurred
$55,723 711
2,628 05'
724 531.
$,•53,095 06]
7.391 63
$6,662 791 $4,606 56' $65,517 97
=:|=r===:|=
$5,098 94| $4,641 56| $65,464 21
3.353 18
$4,374 41> $4,641 66| $62,111 03
I 1
UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.
Premiums.
Total premiums
Add unpaid return and reinsurance
premiums Dec. 31 of previous year
Total
Deduct unpaid return and reinsur-
ance premiums Dec. 31, end of the
year
$6,109,854 65
22,422 72
$6,132,277 37
34,337 32
Balance ' $6,097,940 05
Add unearned premiums Dec. 31 ofl
previous year I 4,8.54,764 89
Total |MO,952,704 94
Deduct unearned premiums Dec. 31,
end of the year ( 5,164,516 40
Premiums earned during the year. . . |
50— Ins.— I
$5,788,188 54
uiyitized by
GoogI(
t86
S^r. PAUL J'ltoE <fc MARli^ iNS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT- Continued.
UNDERWRITING PROFIT AND I
LOSS ITEMS. i
Gain from agents' balances previouslyi
charged off. $2,718.47, and from|
other underwrltlnflT income, $12,- 1
144.60 I
Loss from agents' balances charged!
off I
I-
Galn from above i
Agents' balances and bills 1
receivable not admitted |
Dec. 81, 1»12 $16,164 60:.
Agents* balances and bills |
receivable not admitted j
Dec. 31, end of the year 25,836 18;.
I
$14,863 07
833 58
$14,029 491.
Loss from above
Gain from underwriting profit and
loss Items I
9,670 58
Underwriting Income earned during
the year
4.358 911.
LOSSES. i
I 1
Losses paid I $3,306,440 18!.
Deduct unpaid losses Dec. 31 of pre-j |
vlous year I 452,009 42|.
.1 $5,792,547 45
I
I
Balance
Add unpaid losses Dec. 31, end of the
year
Losses Incurred during the year
UNT)ERWRITING EXPENSES.
Underwriting expenses paid during
the year
Deduct underwriting expenses unpaid
Dec. 31 of previous year ....
$2,854,430 76|.
I
447,086 28 .
$2,196,940 78
Balance
Add underwriting expenses unpaid
Dec. 31, end of the year
I-
$2,092,189 73
104,983 88
Underwriting expenses incurred dur-
ing the year |
Underwriting losses and expenses ...|.
Gain from underwriting during the|
year |.
$3,301,517 04|.
I
104,751 06 |.
I
2,197,173 61
5,498,690 65
$298,866 89
INVESTMENT EXHIBIT.
Interest and Rents.
Interest, dividends and rents received
during the year
Deduct interest, dividends and rents
due and accrued Dec. 31, end of the
year ...^
Balance
$889,283 47
60,590 68
$828,642 84
Digitized by
GoogI(
ST. PAUL PIRE A MARINE INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT— Contlnned.
Add Interest, dlvfdends and rent« duel
and accrued Dec. 31, end of thel
year
I
63.579 Ml
Total
PROFIT ON INVESTMENTS.
Gain from sale of ledger assets
Gain from other investments: Na
tional German American Ban Is stock
and Merchants' National Bank stock
Profit on investments during the year
I
Investment income earned during thel
year ^
I
$302,218 38|.
1
$1,098 61
I
7,375 00
LOSS ON INVESTMENTS.
Loss from sale of ledger assets . . .
Loss from decrease in book value of
ledger assets
Loss from change in difference be
tween book and market value dur
ing the year
Loss on investments during the year
INVESTMENT EXPENSES.
Investment expenses paid during the
year
8.473 61
$400,691 09
$4,861 871
1.875 00
I
207.901 121.
$213,637 09
Investment losses and expenses dur-
ing the year
18.. 315 721.
1
Gain from investments during the)
year I â–
231,953 71
$168,786 88
MISCELLANEOUS EXHIBIT.
1
Dividends .declared to stockholders
durinir the vear
1
Gain in
Surplus.
Loss in
Surplus.
$100,000 00
Total gains and losses in surplus
durinsr the vear
$468,606 06
$100,060 60
anrnlna Dec 31 1912
$2,851,370 77
3,213,965 85
Surnlns Dec. 31 1913
Increase in snmlus dnrlncr the vear. .
868,605 06
Totals
$468,6fM( 08
$468,886 08
Per cent of losses incurred to premiums earned 57.4.
Per cent of underwriting expenses incurred to premiums earned 87.
Per cent of investment expenses incurred to interest and rents earned 4.7.
Per cent of total losses and expenses incurred and dividends declared to
total income earned 94.1.
Digitized by
GoogI(
1S6 s^terLiI^g F^ikE rt^s. cC.
STERUNa FIBE INSUBANCE COBIPANT,
Indianapolis, Ind.
Home Office NO. 115 PENN STREET.
[Incorporated January 28, 1911; commenced business January 1, 1012; admitted
May 17, 1912 J
President, JOHN C. BILLHEIMER. Vice President, JAMES F. JOSEPH.
Secretary. OSCAR I.. ROSS.
CAPITAL STOCK.
Amount of capital paid up in cash $850,000 00
Amonnt of ledsrer assets Dei-ember 31 of previous year $1,472,501 82
INCOME.
Fire.
Gross premiums $056,016 86
Deduct reinsurance pre^mlums, fire, $103,325.01; re-
turn premiums, Are, $128,005.93 231.39124
Total premiums (other than perpetual) $124,025 62
Gross interest on mortg.nre loaus, less $753.29 ac-
crued interest on mortjcages acquired during the
year $61 .874 20
Gross interest on collateral loans 644 25
Gross interest on bonds and dividends on Htoclcs, less
$194.76 accrued interest on bonds acquired during
the year 13,209 57
Gross interest on deposits In tru.<9t compan'es and
banks 2,67245
Gross interest from all other sources: Stock pay-
ments 137 54
Total gross interest and rents 7S.ra8 01
From other sources: Commission on mortgage loans 1.724 99
From agents' balances previously charged off 15 52
Gross profit on sale or maturity of ledger assets: Bonds 10 31
Total Income $504,920 45
Total footings $1,977,482 27
DISBURSEMENTS.
Fire.
Gross amount paid polh-yholders for los«»es (includ-