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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



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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



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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!
■^ 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



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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

■ 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 ■






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-



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