Report online

ing $14,666.79 occurring in previous years) $199,224 .38

Deduct amount received for salvage, fire, $77^.70; re-
insurance. Are, $29,160.30; discount. Are, ?134.S8.... .no.oei 88

Net amonnt paid pol'cy holders for losses $169. 154 50

Expenses of adjustment and settlement of losses 3. 173 55

Commissions or brokerage 109,254 39

Salaries. $11,777.28, and expenses, $9,252.07, of special and gen-
eral agents 21.029 35

Salaries, fees, and all other charges of officers, directors, trus-
tees and home office employes 36,523 87



Digitized by



i

GoogI(



STERLING FIRE INS. CO. 789

Rents 3,365 00

Advertising. |1,823.42; printing and stationery. $5,096.70; sup-

pUes used for advertising. |1,200.91 8.121 03

Postage, telegrams, telephone and express 4,448 52

Legal expenses 1,224 48

Furniture and fixtures 2, 112 27

Maps. Including corrections 5.638 55

Underwriters' boards and tariff associations 1 ,5;>4 32

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

taxes and expenses 3 . 743 72

Inspections and surveys 1.396 93

State taxes on premiums 4,830 92

Insurantfe department licenses and fees 4,094 41

All other licenses, fees and taxes ;

Marion county ^11, 169 )

City licenses, fees and taxes 979 74



Other dtsfoursements:

General expense $2,287 64

Office maintenance 243 8.)

Library 191 00



12,148 74



2,722 53

Agents' balances cliarged off 5 15

Gross loss on sale or maturity of ledger assets : Bonds 258 08

Total disbursements ^1:395, 161 bl



Balance $1,582., 312 46



LEDGER ASSETS.

Mortgage loans on real estate, first liens $1,126,487 86

Loans secured by pledge of bonds, stocks or other

collateral 2,950 uo

Rook value of londs ^;j61,3a> OJ

Cash in company's office $100 00

Certificates of deposit — interest bear-
ing 57,150 00

Deposits in trust companies and banks
on interest • 62 231 S8



119,481 88
Agputs balances representing business written sub-

setiuent to October 1, 1913 67.983 75

Agents' tfiances representing business written pror

to October 1. 1913 1,036 88



Total ledger assets .si .582,312 46



NON LEDGER ASSETS.

Interest due, $1,930.85 and accrued $17,767.63 on moit-

gttges $m. 758 4K

Interest accrued on bonds 1,607 70

Interest accrued on collateral loans 97 77

Interest accrued on other assets 298 03

Total 21,70t 98

Market value of bonds and stocks over bo >k value i3 SO

Other non-ledger assets: Commissions on reinsurance premiums. 3 {)\s 25

Gross assets $1 .608,0-6 49



DEDICT ASSETS NOT ADMITTED.

Agents* balances, representing business written prior to Oetober
1. 1913 1 .0:^6 88



Total admitted assets $1,007,019 61



Digitized by



GoogI(



190



STERLING FIRE INS. CO.



LIABILITIES.

Gross losses adjusted and not yet due $2,78S 15

Gross claims for losses in process of adjustment or
In suspense, plus $8,137.44 ; reserve for losses prior
to December 81 of which no notice bad l>een re-
ceived on that date 47.522 30

Gross claims for losses resisted 1,75000

Total

Deduct reinsurance due or accrued



^52,060 45
15.126 87



Net amount of unpaid losses and claims.



$36,033 58



Gross premiums (less reinsurance) (cash and bills) received and
receivable upon all unexpired Inland uavlgafon risks, $484,-
759.39 ; unearned premiums

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

Estimated amount hereafter payable for federal, state and other
taxes based upon business of the year of this statement

Commissions, contingent or other charges due or accrued

Reinsurance premiums due other companies 14



294,



20,



015 21

192 91

000 00

88 85

497 02



Total amount of all llablltles except capital $365,727 57

Capital actually paid up in cash $850.000 00

Surplus over all liabilities 391.292 04



Surplus as regards policyholders 1,241.292 04

Total Uabillties $1,607,019 «1



RISKS AND PREMIUMS.



Gross
premiums
PIre rNks. thereon.

In force on the 31st day of December, 1912 $23,770,747 $272,266 42

Written or renewed during the year 59,556,610 656,016 86

Total $S.^.3?7..^03 r»28.2S3 28

Deduct those expired and marked off as terminated 28.839,687 330,838 89

In force at the end of the year ». $54,487,676 $597.444 39

Deduct amount re'nsured 9,613,998 112,685 00

Net amount In force $44,873,678 $484,750 39



RECAPITULATION OP PIRE RISKS AND PREMIUMS.



Year
written.



Term.



Amonrt
covered.



Gross

premiums

chsrped,

Ipss i-e-

Insurance.



c c



Amonnt of
premium
unearned.



1913 i One year or less.

1912 1 Two years

191,S I Two years

1912 1 Three years

1913 1 Three years

1912 1 Four years

1913 1 Four years

1912 1 Five years

1913 ' Five years



I



Totals



$23,393,806


$270,005 77 1-2


$135,002 89


1.57.243


1.131 73 1-4


2*»2 93


707,956


6,354 481 3-4


7.765 80


5.110.539


51.200 98i 1-2


25-600 49


11,366.7691


102.985 141 5-6


85.779 28


1 135.9251


1,106 191 5-8


691 37


153 6681


1.572 4.il 7-8


1.375 80


1,773,868
2,074,401


24.454 431 7-10


17.118 10


25,998 221 9-10

j


23.398 40


1 $44,873.6781


$484,750 391


$291,013 21



STERLING FIRE INS. CO. 791

BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.



Fire.



Tornado.



Total.



[ I

Gross risks wiitten ,.. .| ^2,CW,930 00

Less $1,029,683 risks cancelled, and|

^0,125.00 reinsurance In eompanlesj

authorized In Wisconsin | 980, 258 00|



Net risks written | $1,714,672 00



â– Gross premiums on risks written |

Less $7,883.52 return premiums; and;
$4,901 premiums for reinsurance inj
companies authorized m WisconsAUl



Net premiums received

Losses paid (deducting salvage) .
Losse.s incurred



$.34,069 92
7,69:> 8o|



$123,750 00
19.300 00



$104,450 00



$1,201 40
23?



$2,818,680 00
993,558 00



$1,810,122 00



$35,271 32
7.912 r3



â–  I $26.3'i0 07 1
.| $13,367 93!.



$968 72



$16,729 62|.



$27,338 70



$13,367 93



$16,729 62



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.



$424,625 62
10.333 95



Total premiums

Add unpaid return and reinsurance
premiums Dec. 31 of previous year

Total '. I $434,K>9 57

Deduct unpaid return and reinsurance!
premiums Dec. SI, end of the year..l 14,497 02

!-

Balance I

Add unearned premiums Dec. 31 ofj
previous year I

Total I

Deduct unearned premiums Dec. 31,1

end of the year I

I-
Premiums earned during thej
year I .



$120,462 55
142.399 09



$562,861 64
294,015 21



UNDERWRITING PROFIT AND |
LOSS ITEMS. I

Gain from acents' balances previously]
charged off I

Lo««s from agents' balances charged!
off I



.515 521.
I
5 15'.



.1



Gain from above '.

Agents' balances and bills |

receivable not admitted

Do". ^A, 1012 ?634 251 ,

Agents' balances and bills |

receivable not admitted !

Dec. 31, end of the year 1.036 88'

Loss from above '



510 .371.

I
I



$268,846 431 .

I



I



I
402 63'.



Loss from underwriting profit and'
loss items ! .

Underwrit'ng Income earned duringi
^hn year , 1-



-I



302 281



$)68.4.>4 17
Digitized by LjOOQIC



792



STERLING FIRE INS. CO.



UNDKinVRlTING AND INVESTMENT EXHIBIT— Continued.



LOSSES.



Losses paid I $169,154 5U

Deduct unpaid losses December 31 ofj

previous year I 14,006 79

h

Balance

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

Losses incurred during tbe year i .



$154,487 71
36.933 58



UNDERWRITING EXPENSES. i

Underwriting expenses paid dnringi
the year |

Deduct underwriting expenses unpaid!
December 31 of previous year I

Balance |

Add underwriting expenses unpaid!
December 31, end of the year I

Underwriting expenses incurred dur-|
ing the year \.



$212,899 251 .
I
2.758 91);.

$210,140 261.

3,560 511 .



I



Underwriting losses and expenses â– .

Loss from underwriting during the|
year f.



$191,421 29|.



213









.1 405,131 06

I

.1 $136,676 99



INVESTMENT EXHIBIT.
Interest and rents.



I



Total



PROFIT ON INVESTMENTS. '

Gain from sale of ledger nKset^i *

Gain from change In difference be-'
tween book and market value dur-'

ing the year !

Gain from other Investments: Com-I
mission on mortgage loans !

Profit on investments during the yenrl.

Investment income earned during the)
1.



1



Interest, dividends and rents received! I

during the year | $78,538 01!.

Deduct Interest, dividends and rents;
due and accrued December 31, end!

the year ' 21.215 S4i.

•i 1

Balance I

Add Interest, dividends and rents due!
and accrued December 31, end ofi I

the year • 21.701 rs!.



$->7.322 17 .

I



I
i^lC 31'.



581 69 .

I

1.724 991.



I

I



$79,100 431.

I

i



V9 .



year



LOSS ON INVESTMENTS.
Loss from sale of ledger assets..



.5*^1. 42;i 42



55258 081 , .



Digitized by



GoogI(



STERLING FIRE iNS. CO.



793



INDEKWUITlNii AND INVESTMENT EXHllUT I'oiUiiiutHl.



INVESTMENT EXPENSES.



Investment expenses paid during tlie,
the year I

I>educt investment expenses tinpaidj
December 31 of previous year |

Balance i

Add investment expenses unpaid De-j
eember 31, end of the year

Investment expenses incurred duriuKl
the year I .



11,100 00



12,744 001



Investment losses and expenses dur-|
ing the year



Gain from investments during the,
jear 1-



MISCELLANEOUS EXHIBIT.



Gain from other sources: Accounts,
receivable not admitted 191*2. .



14.427 8a;.



Gain in
Surplus.



14,685 91



$99, m 51



I
Total gain& and losses in hur-|

plus during the year I .

Surplus Dec. 31. 1^»12 |

Surplus Dec. 31, 1913 1



DccrenKO in surplus during the yojir.
Totals



$1,100 00|



t Loss in
I Surplus.

I
I



$460,131 42|.
:m,292 041.



f67.SS7 51 1 $186,676 89



68.8S9 38|.



$136,676 89r $1S6.676 89

I



Per cent of losses inctirred to premiums earned, 71.20.
Per cent of underwriting expenses incurred to premiums earned, 70.49.
Per cent of Investment expenses incurred to Interest and rents earned, 18.24.
Per cent of total losses and expenH»'8 incurred and dividends declared to
total income earned, 119.99.



Digitized by



GoogI(



T94 TEUTONIA PIRE IKS. CO.



TEX7T0NIA FIBE INSXTRANCE COMPANY,

Pittsburgh, Pa.

Home office. 733 E. OHIO STREET,

[Incorporated July, 1S71. Commenced business July. 1871.1

Dale cf admission into Wiscon^la .May, IJrJ.

President, C, W. GERWIG. Vice President, DR. F. HLLMH!.

Secretary, N. A. WEED.

CAPITAL STOCK.
Amci:nt of capital paid up in casli C-200,000 00



Amount of ledger ansets, Decemler .11 of previous y€»ar $1.01$,X»8 75



INCOME.

Fire.

Gross premiums $l.V02.aiiS 44

Deduct: Reinsurance premiums. Are, $170,626.57;
Return premiums, lire, ^;i6l,3.*;^.00; man.ie and in-
land 3:{2,02J 47



Total premiums (other than perpetual) $070,377 97

Gross interest on mortgage loans, less $60.58 accrued
interest on mortgages acquired during the year $16,605 26

Gross interest on bonds and dividends on stocks,
less $213.08 accrued interest on bonds acquired
during the year 2,486 92

Gross interest on deposits in trust companies and
banks 013 95

Gross interest from all other sources: From ai'outs .. li3 4:i

l^>om agreements on property sold 307 78

Gross rents from company's property, Including
$1800.00 for company's occupancy of Its own
build ngs 3.t»^3 IS

Total gross interest anil rents 51,173 52

From agents' balances previously charged olT 10 41

Gross protlt on sale or maturity of ledger assets: Ili»al estate 1.058 07

Gross Increase, by adjustnieut, in hook value of K»dger assrt-;: It^ul

estate 42 * aS



Total income $726,022 55



Total footings $1,774,421 30



Digitized by



GoogI(



TEUTONIA PIRE INS. CO. 795

DISBURSEMENTS.

Plre.

Gross amount patd policyholders for losses (in-
cluding ^i^fl50.ii2 occurnuK In previouH years) !i;Ml,458 41

Deduct amount received lor salvaRe, lire, :^ l,:{:in.lKi ;
reiUHurance, lire, :|? V»,470.95 56, 816 00

Net amount paid policyholders toY losses 1384,641^

ExpenHCH of adjustu^ent and seitlcment of ludseH 8,478 55

Commissions or brokeniflre 174,680 32

Allowances to local agencies for miscellaneous agency ex-
penses 1,066 41

Salaries, $11,913.20 and expenses, |02.18 of special and general

agents 21.131 26

Salaries, fees, and all other charges of officers, directors, trus-
tees and home office employes 30, 133 84

Hencs, mctuuing v^^-uo loi company's octupaney of lt« own huiid-

Ings 1,800 00

Advertising $071.21; printing and stationery, $3,986.3!^ 4,657 60

Postage, telegrams, telephone and express 5,220 32

Legal expenses 2,130 97

Furniture and fixtures 476 40

Maps, including corrections 3,430 36

Underwriters' boards and tariff associations 7 , 481 89

Fire department, fire patrol and salvage corps assessments,

fees, taxes iinu expenses 4,641 83

Inspectors and surveys 1 , 117 05

Repairs and expenses (other than taxes) on real estate 984 81

Taxes on real estate 1,035 54

State taxes on premiums 6,627 10

Insurance department licenses and fees 3,394 62

All other licenses, fees and taxes

Federal corporation tax $136 61

Tax on capital stock 1,200 00

Total 1 , 336 61

Other disbursements:

Janitor $540 00

Office supplies 425 63

Water and Ice 49 85

Light and heat 228 74

Extra help 604 61

Periodicals 136 36

Officers traveling expenses and entertaining 591 30

Mercantile and Fire Reports 835 00

Miscellaneous expense 183 38

3.594 87
Paid stocicholders for 'nterest or dividends (amount declared dur-
ing tne year) 32,000 CO

Agents* balance charged off 1 ,750 75

Gross decrease, by adjustment, in boolc value of ledger assets:
Real esuie 30 85

Total disbursements $701,252 46

Balance $1,073,168 84



LEDGER ASSETS.

Book valne of real estate $63,672 11

Mortgage loans on real estate, first liens 750.407 52

Book value of bonds (I3,»*7 50

Cash in company's office $10,193 36

Deposits in trust companies and banks
on interest 66,261 18

75,454 54

Agents* balances representing business written sub-
sequent to October 1, 1913 IIS,:^'^ 23

Agents' balances representing business written prior
to October 1, 1913 1,500 Ot

Total ledger assets $1 ,073, 168

uiyiLizuu uy



GoogI(



796 TEUTONIA FIRE INS. CO.



NUN- LEDGER ASSETS.

Interest duo, $1,714.20 and nccnied, $9,877.00 on

mortffapes $11,501 20

Interest acn-meu on bonds 049 97

Rents due an«l areured I'^i M»



Total 1->.«91 26

Market value of real <»Ht:ite over look value 11, '.MS r».>



(IroHs assets ¥1.071.138 65



L'EDICT ASSETS NOT ADMITTED.

AfTonts' balanceR, representinf? business written

prior to Oetober 1, 1013 '. $1,500 04

Rook value of ledger assets over market vnlue .. 3,767 50



.'».2lW 44



Total admitted assets $1,091.870 24



LIABILITIES.

Gross losses adjusted and not yet due $6,023 40

Gross elaims for losses in proeess of adjustment
or in suspense, plus reserve for losses Incurred
prior to December 31 of which no notice has been

received on that date 53.283 06

(Jross claims for losses resisted 4,650 00



Total $63.056 55

Deduct relnsuraince due or accrued 17,831 .TO



Net amount of unpaid losses and claims $46.125 16

Gross premiums (less reinsurance) received and receivable upon

all unexi-Ired Are risks, 5:1.221.665.11: unearned premiums 610,712 50

Salaries, rents. e.\penses, bills, accounts, fees, etc., due or accrued 500 00
Estimated amount hereafter payable for federal, state and other

taxes based upon business of the year of this statement 5.000 00



Total amount of all liabilities except capital $600,337 W

Capital actually paid up In cash $200.000 00

Surplus over all liabilities 201,532 55



Surplus as regards policyholders 401 .532 X*



Total liabilities $1,091.870 21



RISKS AND PREMITMS.

Gross
premiums
Fire risks. therein.

In force on the 31 st <|,iy of Dpr^emler. 1012 $I2'»..S84.707 $1.2iH.7M; 16

Written or renewed during the year 01.610,055 1.002.308 44



Total ^220.405.662 $2.2^7- 184 ao

Deduct those expired and marked off as terminated.. 80.859,704 S.71.MC9 71

In force at the end of tne year $1. *». 635. 868 $1.443.. Tr4 SO

Deduct amount reinsured 10,606,276 221 .700 78

Net amount in forrc $119.030..'K»2 $1 .2^21 .065 1 1



Digitized by



GoogI(



TEUTONIA PIRE INS. CO.



797



RKCAPITULATION OF FIIIE lUSKS AND PREMILAJS.



Vf»ar
wrllten.



T«'im.



Amourt
coverrd.




I. r

1013 1 One year or 1g8« ..t

1911 ! Thr«H» yenrn I

1912 1 Three years |

19ia ! Three years I

19"9 1 Five years !

1914 ! Five yea rs I

1011 1 Five years |

1912 1 Five years ,

191o I Five years ....'....'.'

Over five years 1

1 '-

I Totals I

I



$31,917,8^1


I 1
$304,155 H4i 1-2 |


$182,077 9!:


21. :tSl. 5.^41


192.117 47i 1-^ 1


3 J. 019 5>


22.707.7801


203.1.3.'^ 051 1-2 I


101.567 52


24.87.H.8J-Oi


22(t 798 911 .n-'t 1


188.99'» ^•;


l.R-m.KO!


23.5.30 41' 1-10 '


2.3.'3 01


.•^.03.'J.28!r


38.431 801 3-10 1


njr20 rA


4.1«.t.719l


49.708 Sl| 1-2 1


24,854 40


rija->..TjH


Oi.978 OS! 7-10 1


44. OM «;


4.4(W>.«7r


.17.055 H% 9-10 1


51.350 .'{0


52.'{,947i


3.752 811 P.U.I


1,876 4J


119,93^.592( .

I


?1, 221, 055 llj '

1 !


$010,712 :.o



Rl.^l.VESS IN Tin: STATE OF WISCONSIN DURING THE YEAR

Fire.

Gross risks written $571, 121 00

Less 0126,220.00 risk** ea'nelled, aud $110,3:^6.00 reinsurance in com-
panies authorized in Wisconsin 236.550 (K>

Net risks written $334,365 00

Gross prenilnms on risks written $6,923 01

Less $1,121.91 return pretnlums; nnd $l.420.><0 premiums for rein-
surance In coifipanles autiior'zed in Wiscons!n 2, .542 71

Net premiums received $4.380 90

Losses paid (deduirthij; salvage) $1,501 02



Digitized by



GoogI(



798



TEUTONIA PIBE INS. CX).



UNDEKWRITING AND INVESTMENT EXHIBIT



UNDERWRITING EXHIBIT

Premlomg

Total premiums

Add unearned prcrmiuui^ Dec. 31 of
previouM year

Total

Deduct unearned premiums Dec. 31J
end of the year




Premiums earned during the!
year I .



UNDERWRITING PROFIT AND
LOSS ITEMS

Gain from agents* bnlauoos pre-
viously charged off, .510.41 and from
othet* underwrlfJnir Income

Loss from agents' balances charged
off, 11,759.73 ^



liOHH from al'ove

Agents' balances and bills
receivable not admitted
Dec. 31. 1J»12

Agents' balances and bills
receivable not admitted
Dec. 31, end of the year



^1,524 07



I



1.500 941



Gain from above



-I



Gain from underwriting profit audi
less items ' .



04). 7



: 5'J! .



I



$626,978 97



f



$10 41

I - I
1,759 75 }.



$1,749 34|.



I
2.023 13i.



273 791.

1



UnderwrlMng income earned during! I \

the year ' ' I $027.252 70



LOSSES



I



To^Kes paJd I $384,041 511.

Deduct unpaid losses December 311 !

of previous year i 47.033 471.

Balance I $337,608 04|.

Add unpaid losses December 31, end| !

of the year I 46. 125 IC .



I-



Losses incurred during the year ....' I $383,733 201



UNDERWRITING EXPENSES.



!



I



Underwriting expenses paid durlngj

the year I $280,800 00'.

Deduct underwriting expenses unpafdl 1

December 31 of previous year I 3.100 001.



1-

Balance I

Add underwriting expenses unpaidi
Dec. 31, end of the year '

Underwriting expenses Incurred dur-I
Ing the year



$270,602 72',

I

:*, .V) MO'.



I
280.102 721.



Underwriting losses and expenses .

Loss from underwriting during the
year



663.835 92



9M.8U 1€



Digitized by



.^.>



TEUTONIA FIRE INS. CO.



799



I'NDERWKITING AND INVESTMENT EXHIBIT— Coutiuuetl.

I I I ^^



INVESTMENT EVHIDIT. i

In'erest and Rents I

Interest, dividends and rents re-|

reived dur.'n? the yerr I

De<Uict interest. «ifvMpii(i*< nn<' rent*!'
due and at'cined IK'eeniber 31, end'

of the year '

I-

Balance !

Add interest, dlv'dends and rents du"
and aecrned December 31, end of I

the year f

!-



S>*,1T0 521.

I



12 UTi ."i4l.
.$11,237 981



12,691 20'.

-I



Tot a 1 1 1 $.j3 , 020 24! .



I
PROFIT ON INVESTMENTS I

I

Gain from Hi\e of ledger assets I

Gain from Increase In book value ofl

ledger assets I

I-
Proflt on investments during tbe|
year I .



^1,018 07'.

I

425 nvi.



Investment Income earned during the!
year I.



LOSS ON INVESTMENTS



Loss from decrease in book value!

of ledtrer aps«»t*< I

Loss from chanpo in difTero'ice be-!

twt^n book and market value dur-l

Ing the year i

I-
Loss on Investments during tbel

year I .



.$30 sr.i .



2 551 (SSi.



I



.1 1.463 «">!.

I 1



$55,302 80



.1 $2 5S1 9:V.

I I



INVESTMENT EXPENSES



Investment exi)enses paid during tUel I

year I $> 0*^ 3'' .

One eight of one per cent I 1,097 28|



Balance



Investment losses and expenses dur-f
Ing the year '.



Gain from Investuicnts during the year'.



MISCELLANEOUS EXHIBIT.



I



3 117 03 .



.' 5.0)9 ;



$49 (»3 y?t



Dividends declared to stockholders'
during the year 1



Total gains and losses in surplus

Surplus Dec. 31. 1912

Surplus Dec. 31, 1913



I I

I Gain In ' Loss in

f Surplus. I Surplus.

! ! $32.000 00



2;H.532 551.



949,698 831 $68 ftS5 16



Decrease in surplus during the year.
Tota!s



-I !

.' 1H.889 8Sl.



I



$63,588 16' 168 583 16



t



Per cent of losses Incurred to premiums earned, 6.12.
Per cent of underwriting expenses incurred to premiums earned, 4.47.
Per cent of fnvewtment expenses incurred to interest and r^'^ts earned ..'58
Per cent of total losses and expenses incurred and dividends declared tc
total Income earned. 101.93.



Digitized by



GoogI(



800 TV^'lN CITY FIRE INS. CO.



TWIN CITY FIRE INSUEANOE COBIPANY,

Home Office, OJI^-O tiNO AVKNUK SO.

[lueonrorntetl July 00, 11)10; commeneed l)UKiiie8.s April ^^ VJVi: admitted
December 20, 1913. J

Prt»»ldeiit, iiKO. A. MOWIIY. V <o f»reHld»iit, WALTKIt II. JOKHAN. Jr.

Setretiiry, W. A. CJOUDOX.

CAPITAL STOCK.
Amount of eupital paid up iu cash $u00.000 00



Amount of ledger nssetK at organization of company Aprl 8, 1913.. $682,870 51



INCOME.

Fire. Hall.

Gro88 premiums, direct $19.1.901 47 ?139. lf\^ 71

AH8umed from Mlddlewest Fire Ins. Co 1W.25« 40

Assumed from United Amer. Fire In«. Co. 70,344 12

$372,501 DO $1C9,1(W 71
Deduct reinsurance uremiumK, flre, ?51.-
432.63; hail, $13.28611; return pre
mlums, fln*, $20,001.06; hall, $2,300.00. . 71.433 69 13. 30-) li



Total premiumR (other than per-
petual) $301.068 30 $125.830 00

Gross interest on mortgage loans, less $1,552.11 ac-
crued interest on mortgages acquired during the
yepr ^•^.»78 4*1

Gross Interest on bonds and dividends on stocks 9.802 0-'

Gross interest on deposits in truet companies and
banks 2.020 52

(JrosK interest from all other sources: iril^ receiv-
able 94 41



420.921 90



Total gross interest and rents 21.89C> 44

Gross proflt on sale or maturity of le<lger assets: Bonds 4.44*% on

Increase in book value 244 . 490 40

Total income $W7,73R .Sa



Total footings $1..V«>.«tR H

DISIJUIISEMENTS.

Pire. Hail.

Gross amount paiti policvholderR for

losses ocourring in nrevious years.... $(U,422 66 $79,024 02
Dediu't M mount received for salvacre,

flr#». $419.31 : reinsurance, flre, $8.-

237.74 ; hall, $7,243.10 8.657 05 7.243 10



Net amount paid pol cy holders for
Ipsse? , , . , $55,765 61 $n.780 92



|U7.&f6 S8



Digitized by LjOOQIC



TWIN CITY FIRE INS, CO. 801

Expenses of adjustment and settlement of losses 487 55

Commissions or brokerage (including $50,052.27 on risks of other

companies reinsured) less |18,304.54 reinsurance commissions 100.334 80

Salaries, $5,985.00, and expenses, $7,700.16, of special and general

agents T 13 , 685 16

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

and home office employes 17,9T1 25

Rents * 2.461 35

Advertising, $1,033.28 ; printing and stationery, $9,877.08 10,911 26

Postage, telegrams, telephone and express 3,819 29

Legal expenses 1,313 54

Furniture and fixtures 9,079 45

Maps, including corrections 1,129 50

Underwriters' boards and tariff associations 472 16

State taxes on premiums 226 41

Insurance department licenses and fees 1,915 10

Other disbursements:

Discount $9 61

Investment expense - 70 49

Light, water and Janitor service 575 06

Drayage 245 54

Insurance premium permits for stocksalesmen 82 60