Report online

Subscription to commercial agencies 220 38

Miscellaneous office expense 207 59

1,411 18
GroHs decrease, by adjustraent. In book value of ledger assets:
Amount paid stockholders representing 19,992 shares United Amer.

Fire Ins. Co.s stocks 224,540 09

Total disbursements $517,301 62

Balance , $863 . 333 52



LEDGER ASSETS.

Book value of real estate $891 08

Mortgage loans on real estate, first liens 392,850 00

Book value of bonds 76,888 50

Cash in company's office $1,590 80 •

Deposits in trust companies and banks

not on interest 240,587 77

Deposits in trust companies and banks

on interest 121,806 44

363,985 01

Bills receivable, taken for Are risks UU4 0(/

Agents' balances representing business written sub-
sequent to October 1, 1913 24,472 87

Agents' balances representing business written prior

to October 1. 1913 2.570 8K

Bills receivable taken for fire risks 994 00

Other ledger assets:

Due from reinsurance companies : 422 08

Deposit with !ailwaukee Board of Fire Under-
writers 200 00

Taxes advanced on loans 59 15

Total ledger assets $863,333 52

NON-LEDGEIt ASSETS.

Interest due $:il0.00 and accrued $4,711.19 on mort-
gages $5,221 19

Interest accrued on bonds 757 63

Interest accrued on other assets: Certificates of de-
posit 2,391 28

Total ^ 8, 370 10

Gross assets $871 ,703 63

Digitized by LjOOQK



802



TWIN CITY FIRE INS. CO.



DEDUCT ASSETS NOT ADMITTED.

Agents' balances, representlnff business written prior
to October 1, 1913 $2,570 88

Bills receivable, past due, taken for marine, Inland

and flre risks !. . 209 31



Total admitted assets.



2.780 19
^68,923 43



LIABILITIES.

Gross losses adjusted and not yet due $5,393 73

Qross claims for losses in process of adjustment or

In suspense 5. 818 42

Gross claims for losses resisted 1 , 030 .'»->



Total

Deduct reinsurance due or accrued.



$12,242 70
1,473 31



Net amount of unpaid losses and claims.



Gross premiums (less reinsurance) received and receivable upon
all unexpired flre risks, $.^91,.357.34 ; unearned premiums ,

Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued

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

Commissions, contingent or other charges due or accrued

All other liabilities:
Due stockholders representing 8 shares United Amer. Flre Ins.
Co.8 stock



$10,769 39



214, (MT* 23

478 98



11.8ft8 28
903 50



89 85



Total amount of all liabilities except capital $238,805 23

Capital actually pafd up in cash $.500,000 00

Suridns over ail liabilities 1.30,118 20

Surplus as regards policyholders 630,118 20

Total liabilities $868,923 43



RISKS AND PREMIUMS.



I

^ I

1
Written or renewed I

during the year I

Excess of original pre-l
minms over amounti
received for reinsur-l
ance I .



i I

I Fire risks. I



I
$41.553.95.'ii



Total I $41,553,J)5r.

Deduct those exniredl
and^ marked off asl
terminated I 6,275.21.31

I 1

In force at the end I

end of the yearl

Deduct amount rein-'

sured f



$.^5. 278. 7421
5, 01 8.. 37.51



I-



Net amount in|
force I $30,260,367



Gross I Marine and I Gross
premiums I inland I premiums
thereon. I risks. ! thereon.

I ^1

I I

I 1

.$372,501991 $2,126,422f $139,168T1

I I

' I

I I

104.328 741 '....I

1 1 :

$586,830 731 $2,126,4221 $139,168 71
I I
I I
96 495 02! 2.126.4221 1.39.168 71
>_I f

I I

$ 4 70 , 3.^5 71 ! •

I I
78.978 371 1

1 1

I I
$.391,357 341 '

I .1



Digitized by



GoogI(



TWIN CITY FIRE INS. CO.



803



RECAPITULATION OP FIRE RISKS AND PREMIUMS.



Year
wiitlen.



Term.



Amount
covered.



Glt)8.S

premiums
charged,
less re-
insurance.



si



Amount of
premium
unearned.



I
101.*? I

imi I

1912 1

1913 1

1910 1

1911 1

1912 1

1913 1

1909 1

1910 1

1911 1

1912 1

1913 1



One year or less
Three years ....
Three years . . . . .
Three years ....,
Four years ....
Pour years ....
Four years ....

Four years

Five years .....

Five years

Five years

Five years ,.r...
Five years

Totals .....



$5,948, (H5

5,112,423

5.979,777

7,733,5441

28,7001

53,000

27.550

5,200

4a3,771

607,653

1,143,160

1,236,178

1,921,

-I-



I



$30,260.3671



$95,551 29


1-2


56,767 20


1 6


68.149 43


1-2


87,116 61


5-6


239 60


1-8


526 a3


.3-8


214 88


5-8


45 88


7-8


8,327 581 1-10


10. .567 70 3-10


17.937 23 1-2


19.547 87


7-10


26,366 04


9-10

1


$391,357 34


1

1



$47,775 64

9.461 20

.34.074 71

72,597 18

29 95

197 28

1.34 30

40 13

832 76

3,170 51

8.968 61

13.683 50

23,729 44



$214,695 23



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT. |
Premiums.

Total premiums j

Deduct unearned pfemiums Dec. 31, |
end of the year |

Premiums earned during the|
year | j $212,232 67l.



$426,927 901.
I
214.695 231



UNDERWRITING PROFIT AND
LOSS ITEMS.



f



I



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



2.780 19



Underwriting income earned during!,
the year I .



$209,452 48



LOSSES.

Losses paid I

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



Los.<^es incurred during the year ..
UNDERWRITING EXPENSES.



$127,546 531 1.

I I

10,769 391 1.

( I

' $138,315 92'.



Underwriting expenses paid during
the year I

Deduct nn»lerwrHIng expenses un-l
paid April 8 of previous year I



$164,068 4,31 1

I I

3.227 621 1

1 (

Balance $160. 840 81 1 1

Add underwriting expenses unpaldl I I
December 31, end of the year i 13.2.50 76' '

Underwriting expenses Incurred dnr-| I I

Ing the year I I 174.091 .57|

I ! f

Underwriting losses and expenses...! I I 312,407 40

I I I

Loss from underwriting during thel I I

year I I



$10S,065 01



uiyiLizeu uy "



^d^^



804 TWIN CITY FIRE INS. CO.

UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



INVESTMENT EXHIBIT.

Interest and Rents. |

Interest, dividends and rents received!

during the year |

Deduct Interest and rents due and

accrued April 8, end of the year ... I

I-
Balance I

Add Interest, dividends and rents duej

and accrued December 31, end of|

tbe year I



$21,895 441 .

1

9.011 29l.



112,884 15).

I

8,370 101.



.1.



Total

PROFIT ON INVESTMENTS.



Gain from sale of ledgrer assets I

Gain from Increase In book value off

ledger assets (

Gain from other Investments: Assets!

assumed from United American Fire!

Ins. Co I



I

$4,445 00
17,600 17

226.800 32



Profit on Investments during
year



tbe|.



$21,254 25



248.935 49!.



Investment Income earned during!
the year I i ' $270,189 74

LOSS ON INVESTMENTS. I I I

Loss from decrease In book value of!



ledger assets

I
INVBSTBiBNT EXPENSES. I

Investment expenses paid during the)
year I

Add Investment exnenses unpaid De-!
cember 81, end of the year I

Investment expenses Incurred dur-|
Ing the year ; t.



! I $224,540 091.



$1,149 571
89 851



Investment losses and expenses dur-l
Ing the year • .



1.239 421



Gain from Investments during the!
year '•



I
MISCELLANEOUS EXHIBIT. I

I
Gain from other sonr*»<»g: Mon-ad-l
TPitted assets, Apr. 8, 1913, disposed!
of !.



I Gain in
I Surplus.
I
I
.1 $169,591 071



Total sralns and 1osi.es In surplus dur-l

Ing the year '

Surplus April «, 1913 \

Surplus Dec. 31, 1913 '



Increase In surplus during the year



I

I

$19,071 Oil.
130.118 201.

1



$214,002 201



.».



I-



Totals ' ' $214,002 20i



225.779 51



$44,410 28



Loss in
Surplus.



$l02,t6S 01



111.047 !•



$214,002 20



Per cent of losses incurred to premiums earned. 65.
Per cent of underwriting expenses Incurred to premiums earned, 82.
T><»r cent of InveRtment exoon«p« lncnr»^d to |ntpre««t nn«1 rents earned. OJ57.
Per cent of total losses aqd expe^^gea Incurred an4 dlYlflendfi 4ec^are<| tp tota)
Uicofne ^aroe^i W-



Digitized by



GoogI(



ijMtb B^AttBii intOB ms. oo. 66&



UNITED STATES FIRE INSURANCE COMPANY,

New York City.

Home Office, 95 WILLIAM STREET.

[Incorporated April 1, 1824. Commenced business April 9, 1824.]

Admitted into Wisconsin, January, 1911.

President, CHARLES A NORRIS. Vice President. MORTIMER J. EUNIS.

Secretary, OTTO B. OANDIDUS.



CAPITAL STOCK.

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

Amount of ledger assets December 31 of previous year $1,157,016 35



INCOME.

Fire.

Gross premiums $1,404,004 87

Deduct reinsurance premiums. Are, $341,879.73; re-
turn premiums; flre, $281,980.94 628,809 67

Total premiums (other than perpetual) $780, 135 20

Gross interest on mortgage loans $2,410 00

Gross interest on collateral loans 354 17

Gross interest on bonds and dividends on stocks,
less $881.75 accrued interest on bonds acquired
during the year 39,352 47

Gross interest on deposits in trust companies and
banks 1,506 72

Total gross interest and rents 43,623 36

From agents* balances previously charged off *. 1,400 00

Gross profit on sale or maturity of ledger assets: Bonds 464 77

Total income $825,628 33

Total footings $1,982,639 68



DISBURSEMENTS. _^

Fire.

Gross amount paid policyholders for losses $430,079 80

Deduct amount received for salvage, flre, $3,582.23;
reinsurance, flre, $96,826.36 100.408 50

Net gmount paid policyholders for losses $329,671 21

Expenses of adjustment and settlement of losses 9,514 64

Commissions or brokerage 277,455 70

Salaries, fees, and all other charges of officers, directors, trus-
tees and home office employes 14,669 88



Digitized by



GoogI(



806 UKITED STATES FIRE iNS. CO.

Rents 2,700 00

Advertisina, $807.92 ; printing and stationery, $3,450.76 4,256 68

Postage, telegrams, telephone and express 3,486 94

Legal expense's 1.560 33

Underwriters' boards and tariff associations 5,322 08

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

taxes and expenses 2, 750 91

Inspections ana surveys i . 1S5 ^6

State taxes on premiums 10, 547 88

Insurance department licenses and fees 3,507 48

All other licenses, fees and taxes:

Federal corporation tax $100 68

Miscellaneous 2 , ^saa 1 i



Other disbursements:

Sundry expenses $250 40

Premiums on surety bonds 237 50



2,443 39



487 90

Paid stockholders for Interest or dividends 28,000 00

Gross loss on sale or maturity of ledger assets: Stoclss 10,552 19



Total disbursements -. $708,105 10



Balance $1,274,534 58



LEDGER ASSETS.

Mortgage loans on real estate, first Hens $51,000 00

Loans secured by pledge of bonds, stocks or other

collateral 10,000 00

Book value of bonds, $178,285.15, and stocks, $515.-

545.81 993,8:50 9G

Cash In company's ofllce $184 65

Deposits in trust companies and banks

not on Interest 10 00

Deposits in trust companies and banks

on Interest 119,953 01



120,147 66
Agents* balances representing business written sub-
sequent to October 1, 1013 99,555 96

Total ledger assets $1,274,534 58



NON- LEDGER ASSETS.

Interest accrued on mortgages $77 92

Interest accrued on bonds 3,382 88



Total 4, 160 80



Gross assets $1 , 278.6.»5 :i8

DEDUCT ASSETS NOT ADMITTED.
Book value of ledger assets over market value 82,431 96



Total admitted assets $1,196,263 42



Digitized by



GoogI(



UNITED STATES PIRE INS. CO. 807



LIABILITIES.

Gross losses adjusted, not yet due $21,430 50

Gross claims for losses In process of adjustment or
In suspense, plus $7,500.00; reserve for losses
Incurred prior to December 31 of which no, notice

had been received on that date b 85,722 00

Gross claims for losses resisted \ 2,500 00



Total $109, 652 69

Deduct reinsurance due or accrued 49,002 82



Net amount of unpaid losses and claims $60,649 77

(tross premiums (less reinsurance) received and receivable upon

all unexpired tire risks 522,815 49

Salaries, rents, expenses, bills, accounts, feces, tc, due or accrued 1,000 00
Estimated amount hereafter payable for federal, state and other

taxes based upon business of the year of this statement 10,000 00



Total amount of all liabilities $594,465 26

Capital actually paid up in cash $400,000 00

Surplus over all liabilities 201,798 16

Surplus as regards policyholders 601,798 16

Total liabilities $1,196,263 42



RISKS AND PREMIUMS

Gross
premiums
Fire risks. thereon.

In force December 31, 1912 $81,608,747 $871,072 37

Written or renewed In 1913 136,740,257 1,404,004 87

Excess of original premiums over amount received
for reinsurance 69,337 77



Totals $218.349.0W $2,344,415 01

Deduct expirations and cancellations 96,743,074 1,031,732 60

In force December 31, 1913 $121,605,930 $1,312,682 41

DetJuct amount reinsured 31,819,711 343,239 98

Net amount In force $89,786,219 $969,442 43



Digitized by



GoogI(



m



tjtnttsb btaMA mttJB ttttit CO*



tlBCAt»lTULATtOM 0£^ t^tftfi fttSKd AND PRfiMmMS.



Year
written.


Term.


Amount
covered.


Gross
premiums
charged,
less re-
insurance.


as


Amount of
premium
unearned.


1913

1912

1913

3911

1912

1913

1910. .....

1911

1912

1913

1909


One year or less . . .

Two years

Two years

Three years

Three years \

Three years

Four years

Four years

Four years

Four years

Five years


$60,079,648

827,350

303,784

7,146,337

11,076,3931

15.763,738

54,662

13,568

68,870

67,789

227,804


$538,991 35

3,892 04

3,589 01

78,813 17

121,526 16

155,124 54

900 19

163 24

848 91

1,135 96

^.eM 79


1-2

1-4

»-4

1-6

1-2

5^

1-8

3-8

5-8

7-«

1-10

3-10

1-2

7-10

9-10

All

All

All

All

All


$269,495 68

978 01

2,691 75

13.135 53

00,763 06

129.270 45

112 52

61 21

530 62

998 90

360 48


1910


Five years


312,608 6,792 68

636,008 8,607 27

1,148,663 14,315 34

2,528,257 30,727 66

1,260 ' 11 25

2,000 15 00

7,500 108 15

12,500 56 87

7,500 218 85


2.087 80


1911


B^lve years


4.803 64


1912


Five years


10,020 74


1913


Five vears


27,054 90


1914


Five years


11 25


1908


Six years


15 00


1912


Six vears


106 15


1913


Six years


50 87


1912


Seven years

Totals


218 85




$89,786,2191 $969,442 43


1


$522,815 40



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.



1


Fire.


Tornado.


ToUL


Gross risks written


$1,601,961
' 729,116


$115,258
54,250


$1,727,210


Less $596J58 risks cancelled, and
$186,608 reinsurance in companies
authorised in Wisconsin


783.800






Net risks written


$872,845


$61,008


$983,852






Gross premiums on risks written ...

Less $4,976.01 return premiums and
$3,209.65 premiums for reinsurance
in companies authorized in Wlscon-
8ln 1


$19,294 36
7,775 62


$1,609 09
410 04


$20,908 45
8,185 66






Net premiums received


$11,518 74


$1,199 05


$12,717 79


Losses paid (deducting salvage)

Less losses on risks reinsured in com-
panies authorized in WlHconsiu


$3,569 57
463 15




$3,500 57
463 15









Not losses Dnid


$3,106 42
29 30




$3,100 42
29 80


Less loH (\s on risks reinsured in com-
panit^K authorized in Wisconsin ...








Net Ijsses incurred


$3,128 74




$3,128 74










Digitized by



GoogI(



UNITED STATES FIRE INS. CO. 809

UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.



Total premiums

Add unearned premiums Dec. 31 of
previous year â– 



$780,135 20
370,229 18



Total ! $1,150,304 38

Deduct unearned premiums Dec. 31,
end of the year 622,875 49



Premiums earned during the year



UNDERWRITING PROFIT AND
LOSS ITEMS.

Gain from agents* balances previously
charged off

Underwriting income earned during
the year



LOSSES.



Losses pal^

Deduct unpaid losses Dec. 31 of pre-
vious year _



Balance

Add unpaid losses Dec. 31, end of the
year



Losses incurred during the year



UNDERWRITING EXPENSES.

Underwriting expenses paid during
the year

Deduct underwriting expenses unpaid
Dec. 31 of previous year



$329,671 21
42,226 38



$287,444 83
60,649 77



$338,612 77
7,500 00



Balance

Add underwriting expenses unpaid
Dec. 31, end of the year



Underwriting expenses incurred dur-
ing the year



Underwriting losses and expenses .

Loss from underwriting during the
year



$331,112 77
11,000 00



I



.1.



$627,548 891



1,400 00|.



$628,948 89



$348,094 601.



342,112 771



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

Add interest dividends and rents due
and accrued Dec. 31, end of the|



$43,623 361

3.S7S 01



year



$30,745 351



4.160 801



Tota^



^43,906 151



690,207 37



$61,268 4S



Digitized by



GoogI(



810



UNITED STATES FIRE INS. CO.



UNDERWRITING AND INVESTMENT EXHIBIT— Coutlnued.



PROFIT ON INVESTMENTS.
Gain from sale of ledger assets . .



iDTestment Income earned during tbej
year



LOSS ON INVESTMENTS.

Loss from sale of ledger assets ..... $10,nG2 19
Loss from change In difference be

tween book and market value dur-|

ing the year 31.965 21



Loss on investments during the year,



INVESTMENT EXPENSES.

Investment expenses paid during the
year



Investment losses and expenses dur-
ing the year



Gain from Investments during the
year



464 77






$42,517 401.



I
1.268 931.



$44,370 92



43.788 33



fft84 no



MISCELLANEOUS EXHIBIT.

Dividends declared to stockholders
during the year



Total gains and losses in surplus

during the year

Surplus Dec. 31, 1912

Surplus Dec. 31, 1913

Decrease in surplus during the year].



$290,472 O.*!
201,798 16|



Totals



I



Gain in
Surplus.



Loss in
f Surplus.

$28,000 00



$M4 58 |89.2ftS 48



.1.



88.678 891.



$89,268 481 $89,288 48



Per cent of losses incurred to premiums earned 55.4.
Per cent of underwriting expenses Incurred to premiums earned 54.5.
Per cent of Investment expenses inonrrpd to Interest and rents earned 2.9.
Per cent of total losses and expenses incurred and dividends declared to
total income earned 113.2.



Digitized by



GoogI(



UNION INS. CO. 811



UNION INSXJRANOE OOBIPANY,

Pittsburgh, Pa.

Home Office, COMMONWEALTH BLDO., NO. 316 FOURTH AVE.

[Incorporated February 10, 1871: commenced business May 1, 1871; admitted

May 21, 1912.]

President, A. W. MELLON. Vice President, THOMAS WALKER.

Secretary, J. W. J. McLAIN.

CAPITAL STOCK.
Amount of capital paid up in cash $100,000 00



Amount of ledger assets December 31 of previous year $306,601 40

INCOME.

Fire.

Gross premiums $136,022 81

Deduct rein.siirance premiums, Are, $11,902.86; re-
turn premiums, Are, $26,438.13 38,340 99



Total premiums (other than perpetual) $07,681 82

Gross interest on mortgage loans $9,554 03

Gross interest on bonds and dividends on stocks,
less $318.06 accrued interest on bonds acquired
during the year 5,320 52

Gross interest on deposits in trust companies and
banks 288 14

Gross rents from company's property 524 00



Total gross interest and rents 15,686 69

Gross profit on sale or maturity of ledger assets: Stocks 50 00



Total income $113.418 51



Total footings $420,109 91



DISBURSEMENTS.



Fire



Gross amount paid policyholders for losses (Includ-
ing i;i:{,fi2«.<r> oc<urrintr in previous years) $61,042 8^

Deduct amount received for salvng*, fire, $^87.10: re-
Insurance, fire, $7,174.89; discount. Are, $123.24 7.887 23



Net amount paid policyholders for losses $53,155 66 ^

Expenses of adjustment and settlement of losses 304 63

Oommiss'ons or brokerage 20.799 17

Allowances to local agencies for miscellaneous agency expenses.. 5,3.^0 35

Expenses of special and general agf»nts....' 227 23

Salaries, fees, and all other charges of officers, directors, trus-
tees and home offlc-e employes 9. 534 01

Rents 1,565 04



Digitized by



GoogI(



812 UNION INS. CO.

AdTertising, $158.20 ; printing and stationery, $373.54 531 74

Postage, telegrams, telephone and express 523 99

Legal expenses 65 74

Furniture and fixtures 4 157 48

Maps, including corrections ' 156 44

Underwriter^' boards and tariff associations 558 56

Fire department, fire patrol and salrage corps assessments, fees.. 260 88

Inspections and surveys 372 89

Repairs and expenses (other than taxes) on real estate 140 40

Taxes on real estate 114 30

State taxes -on premiums 1,255 29

Insurance department licenses and fees 705 feO

All other licenses, fees and taxes :

Federal corporation tax $141 64

Capitol stock tox 573 59

715 23

Paid stockholders for interest or diridends 10,000 00

Agents' balances charged off 233 23

Totol disbursemento $106,728 06

Balance $313,381 86



LEDGER ASSETS.

Book Talue of real estote $6,294 12

Mortgage loans on real estote, first liens 149.065 00

Book value of bonds, $117,222.75, and stocks, $2,066.00 119,287 75

Cash in company's office $798 92

Deposito in trust companies and banks
on interest 22,886 42

23,685 34

Agents' balances representing business written sub-
sequent to October 1, 1913 15,013 64

Agents' balances representing business written prior
to October 1. 1913 36 00

Totol ledger assets $313,381 85



NON-LEDGER ASSETS.

Interest due, $39.19 and accrued, $2,237.09 on mort-
gages $2,276 28

Interest accrued on bonds 1 , 789 58

Interest accrued on other asseto:

Union Trust Co* stock 100 00

Rents due 40 00

Totol 4,205 86

Market value of real estate over book value 80 88

Market value of bonds and stocks over book value 8,212 25

Gross assets $325,880 84



DEDUCT ASSETS NOT ADMITTED.

Agents* balances, representing business written prior

to October 1. 1913 $36 00

Book value of ledger asseto over market value:

Union Gas Co. bonds, $700; St. Joseph Water Co.

bonds, $1,700; Chartiers Valley Water Co. bonds,

$425; Connellsvnie Water Co. bonds. $500; City

of New Castle Water Co. bonds, $500 3, 825 00



3.861 00



Totol admitted assets., , , $322.019 84



Digitized by



GoogI(



UNION ms. CO.



813



LIABILITIES.



Gross losses adjusted and not yet due $421 50

Gross claims for losses in process of adjustment or

in suspense 5,60109

Gross claims for losses resisted 1, 000 00

Total :

Deduct reinsurance due or accrued



16,922 69
1,060 00



Net amount of unpaid losses and claims.



Gross premiums (less reinsurance) received and receivable upon
all unexpired fire risks, $175,849.21, unearned premiums

Salaries, rents, expenses, bills, accounts, fees, etc.i 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



$5,872 69

94.183 74

263 26

2,208 84
1,116 01



Total amount of all liabilities except capital $103,644 44

Capital actually paid up In cash $100,000 00

Surplus over all liabilities '. 118,375 40

Surplus as regards policyholders 218,375 40

Total liabilities , $322,019 84



" RISKS AND PREMIUMS.

Gross
premiums
Fire risks. thereon.

In force on the 31st day of December, 1912 $16,403,624 $179,757 72

Written or renewed during the year 12,482,481 136,022 81

Total $28,860,106 $315,780 53

Deduct those expired and marked off as terminated 10,467,813 121,239 61

In force at the end of the year $18,418,292 $194,540 92

Deduct amount reinsured 1,823,825 18,69171

Net amount in force '. $16,594,467 $175,849 21



Digitized by



GoogI(



814



UNION ms. CO.



RECAPITULATION OF FIRE RISKS AND PREMIUMS.



Year
written.


Term.


Amount
covered.


Gross

premiums

chartred,

less re-

Idsu ranee.


If


Amount of
premium
unearned.


1913

1912

1913

1911

1912

1913

1910

1911

1912

1913......

1909

1910

1911


One year or less....
Two years


^,226; 254

76,507

98,547

2,322.620

3,1S8,717

3,300,123

14,819

30,487

13,578

32,416

198.997

359,365


$58,857 26 1-2
491 19 1-A
1.077 26 3-4
22,119 10 1-6
28,876 41 1-2
31,277 72 5-6
257 51 1-^
388 021 3-8
308 70 5-8
744 22 7-^
3,209 41 1-10
5,163 15 3-10
5,3X5 47 1-2
9,370 08 7-10
8,323 71 9-10


$29,428 63
122 80


Two years


807 95


Three years

Three xeirs

Three years

Four years

Four years

Four years

Four years

Fire years