Report online

3.686 52

14,43« 21

26,064 77

32 19

145 51

192 94

651 19

320 94


Five years


1,548 95


Five years |


391 , 648


2.692 74


1912


Five vears


686,160
684,229


6 550 06


1913


Five years


7,491 34




Totals






$16,594,467


$175,849 21




$94,183 74



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.

Fire.

Gross risks written $423,136 00

Less risks cancelled 121,956 00

Net risks written $301.180 00

Gross premiums on risks written $5, 136 82

Less return premiums - 1,524 46

Net premiums received $3,612 37

Losses paid (deducting salvage) $2,576 86

Losses incurred $2,553 38



Digitized by



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UNION ms. CO.



815



tJNDBRWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.



Total premiums

Add unearned premiums Dec. 31 of
previous year



Total

Deduct unearned premiums Dec. 31,

end of the year j

I-
Premiums earned during the year.



$97,681 82
88,796 98



$180,478 80
94,183 74



UNDERWRITING PROFIT AND
LOSS ITEMS.

Loss from agents' balances charged

off

Agents' balances and bills

receivable not admitted

Dec. 31. 1912 $278 47

Agents' balances and bills

receivable not admitted

Dec. 31, end of the year.. 36 00

Gain from above



Gain from underwriting profit and
loss items



Underwriting income earned during
the year



LOSSES.



Losses paid

Deduct unpaid losses December 31 of
previous year ,



Balance

Add unpaid losses December 31, end
of the year



Losses incurred during tba year.



UNDERWRITING EXPENSES.

Underwriting expenses paid during
the year

Deduct underwriting expenses unpaid
December 31 of previous year —



Balance ,

Add underwriting expenses unpaid
December 31, end of the year —



Underwriting expenses incurred dur-
ing the year



Underwriting losses and expenses

Gain from underwriting during the
year



I
$233 23



242 47



$53,155 66
15,132 25



$38,023 41
5,872 59



$42. (^ 93
2.768 42



$39,257 51
2,872 88



$92,295 06



9 24



$92,304 30



$43,896 00



42,130 30



86.026 39



$6,277 91



Digitized by



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816



UNION ms. CO.



UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



I



INVESTMENT EXHIBIT.
Interest and Rents.

Interest^ diTidends and rents receivedj
during the year

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



Balance

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



Total

PROFIT ON INVESTMENTS.



Gain from sale of ledger assets

Gain from cliange in difference be-
tween boolc and marlcet value dur-
ing the year



Profit on investments during the
year



Investment income earned during the
year



115.686 69
3,961 08



$11,722 61
4.205 86



$50 00
82 25



JliOSS ON INVESTMENTS.

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



INVESTMENT EXPENSES.



Investment expenses paid' during thel
year ••I

Deduct underwriting expenses unpaid)
December 31 of previous year |

Balance .• • I

Add underwriting expenses unpaid]
Deoembey 31, end of the year I



$1,313 24
711 03



$602 21
715 23



Investment expenses Incurred duringi
the year I •



Investment losses and expenses dur-1
ing the year '



Gain from Investments during the
year — U,

MISCELLANEOUS EXHIBIT. J

Dividends declared to stockholders!
during the year

Total gains and losses in surplus dur-|

8J?^u?D^^;m2V.;;;;;;;:;;;;-4 - $m

Surplus Dec. 31. 1913 118.375 40

Increase in surplus during the year..]

Totals V.



$15,928 47



132 25



$3.450 001



1.317 44



$16,060 72



4.767 44



$ll.t9S tS



Gain in
Surplus.



$17,571 19



$17,571 19



Loss in
Surplus.

$10,000 00



$10. M9 M



7,571 19



$17,571 19



Per cent of losses incurred to premiums earned, 47.56. ^ ., «.

Per cent of underwriting expenses incurred to premiums earned. 45.66.
Per cent of investment expejjses incurred to Interest and rents earned, 8w27.
Per cent of total losses and expenses incurred and dividends declared to total
Income earned, 88.75.

/Google



Digitized by '



WESTCHESTER FIRE D^S. CO. 8l7



WESTCHESTER FIRE INSUBANCE COBIPANY,

New York City^.

Home office. 100 WILLIAM STREBT.

[Incorporated as a mntaal BCarcta 14, 1837. Commenced business as a Joint
stock January 1, 1870.]

Date of admission into Wisconsin, 1874.

President. GEORGE R. CRAWFORD. Vice President, JOHN H. KELLY.

Secretary, OTTO E. SCHAEFER.

CAPITAL STOCK.

Amount of capital paid up in cash $300,000 00

Amount ot ledge? assets December 31 of previous year $5,551,662 10

INCOME.

Fire.

Gross premiums $5,320,486 30

Deduct reinsurance premiums, lire, $1,128,828.22; re-
turn premiums, fire, 1^960,147.29 2.088.975 51

Total premiums (other than perpetual) $3,231,510 88

Gross interest on mortgage loans $8,345 73

Gross interest on bonds and dividends on stocks,
less $767.64 accrued interest on bonds acquired
during the year 207,302 36

Gross interest on deposits in trust companies and
banks 8,398 44

Gross rents from company's property 106 00

Total $TOBB interest and rents j» 219,154 53

From other sources:

Refund, character unknowix $48 25

Sale of rights on stocks 5.843 72

6.891 97
From agents' balances previously charged off 164 94

Total Income $3,456,722 32

Total footings $9,008,874 42



DISBURSEMENTS.

Pire.
Gross amount paid policyholders for losses (includ-
ing $357,277.33 occurring in previous years) $2,520,943 98

Deduct amount received for salvage, Are, $16,049.76;
reinsurance, fire, $623,992.39 640,042 15

Net amount paid policyholders for losses $1,880,901 78

Expenses of adjustment and settlement of losses 38,648 46

Allowances to local agencies for miscellaneous agency expenses.. 625,208 90
Salaries. $136,307.44, and expenses, $129,326.05, of special and gen-



52— Ins.— I

orgitized by



yG^ogk



8l8 WESTCHESTER PIRE INS. CO.

eral agents 206,633 4t

Salaries, fees, and all other charges of officers, directors, trus-
tees and home office employes 115,787 65

Rents 25,044 43

Advertising, $3,787.08; printing and stationery, $38,265.21 44,062 24

Postage, telegrams, telephone and express ^ 25,244 70

Legal expenses : 1,069 96

.Fumitare and fixtures 3,588 34

Maps, including corrections 17,786 90

irnderwrlters' boards and tariff associations 37,337 83

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

taxes and expenses 14,611 37

Inspections and surveys 20,776 92

Repairs and expenses (other than taxes) on real estate 1 92

Taxes on real estate 108 36

State taxes on premiums \ . . 62,982 88

Insurance department licenses and fees 17,341 25

All other licenses, fees and taxes:

Federal corporation tax $1,187 00

Municipal taxes and licenses 13,769 39

14,956 39

Other disbursements : Collection and exchange 2. 152 92

Paid stockholders for interest or dividends 120,000 00

Decrease in liabilities during the year on account of reinsurance

treaties 24.988 33

.\gents' balances charged off 4,626 02

Gross decrease, by adjustment, in book value of ledger assets:

Stocks 5,84372

Total disbursements $3,368,694 66

Balance $5,639,679 76

LEDGER ASSETS.

Book value of real estate $5,876 00

"Mortgage loans on real estate, first liens 12S, 110 00

Book value of bonds, $977,066.11, and stocks, $3,-

762,222.39 4,739,288 50

Deposits in trust companies and banks

not on interest $3,159 85

Deposits in trust companies and banks

on interest 293,972 92

297,132 77

Agents* balances representing business written sub-
sequent to October 1, 1913 451,561 66

Agents' balances representing business written prior

to October 1, 1913 17,710 83

Total ledger assets $5.6.')9.679 76

NON-LEDGER ASSETS.

Interest due, $417 and accrued $636.39 on mortgages $1,053 39
Interest accrued on bonds 10,132 49

Total 11.185 88

Gross assets $5,660,865 04

DEDUCT ASSETS NOT ADMITTED.

Agents' balances, representing business written prior

to (htuber 1. 19in $17,710 83

Book value of ledger assets over market value 414,501 00

432.211 8S

Total admitted assets $6,218.668 81



Digitized by



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WEStCtiBSTER PIBE iKS. CO. 8l9



LIABILITIES.



Gross losses adjusted, tlot ^et due $114,253 00

Gross claims for losses In process of adjustment or

Id suspense 286,87198

Gross claims for losses resisted 23, 356 43



Total 1424,480 41

Deduct reinsurance due or accrued 134,929 55



1280, CSO 86
Gross premiums (less reinsurance) received and receivable upon

all unexpired fire risks, $6,334,900.00; unearned premiums 3.275>.331 22

Estimated amount hereafter payable for federal, state and other

taxes based upon business of the year of this statement 65,000 00

All other liabilities : Reserve for all contingencies 10,000 00

Total amount of all liabilities except capital $3,039,882 08

Capital actually paid up in cash $300,000 00

Surplus over all liabilities I,l'f8,771 73



Surplus as regards policyholders 1,578,77173



Total liabilities $5,218,653 81



RISKS AND PREMIUAfS.

Gross
premiums
Fire risks. thereon.

In force on the 31st day of December, 1912 $705,926,582 $7,093,995 36

Written or renewed during the yeajr 010,826,970 5,320,486 39

Total $1,216,753,552$12,414,481 75

Deduct those expired and marked off as terminated. 429,857,391 4,663,962 28

In force at the end of the year $7S6. 896. 161 $7,750,519 47

Deduct amount reinsured 138,802,945 1,415,559 47

Net amount in force $648,093,216 $6,334,960 00



Digitized by



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620



WESTCfiEStEtl PlRE ll^B, OO.



RECAPITULATION OF FIRE RISKS AND PREMIUMS.



Year
written.


Term.


Amount
covered.


6r06s
premiums
charged,
less re-
insurance.




Amount of

premium

unearned.


1918

1912


One year or less . . .
Two years


$179,705,099

2,607.021

3,384,635

96,424,603

. 109,797,008

120.075,143

1,516,870

1,058,470

1,648,930

1,929,774

21.219,944

23,840,120


$2,001,751 56

27,182 49

36,674 37

839,679 88

952,610 29

1,086,174 02

14,753 09

10,198 70

13,619 88

14.892 96

232,515 79

265,430 02

274,723 59

293,456 45

811,566 23

9,730 66


1-2

1-4

3-4

1-6

1-2

6-6

1-8

3-8

S-8

7-8

1-10

8-10

1-2

7-10

9-10

P.R.


$1,000,875 78
6.795 62


1913

1911

1912

1913

1910

1911

1912

1913

1909


Two years

Tliree years

Three years

Three years

Pour years

Pour years

Pour years

Pour years

Five years


27,508 77

139,946 65

476.306 14

863.478 36

1.844 U

3.824 61

8.512 42

13,031 33

23.251 58

79.629 00

137.361 79

205.419 48

280.409 68

7,140 00


1910


Five years


1911

1912

1913


Five years

Five years

Five years


26.825,270

28,066,594

28,418,137

1,575.608




Over five years ....
Totals




$648,093^216


$6,334,960 001


$3,275,331 22



BUSINESS IN THE STATE OP WISCONSIN DURING THE YEAR.





PIre.


Tornado. | ToUL


Gross rislis written


$8,264,892
1,870,062


$294,525
33,075


$8,659,417
1,903.191


Less $1,553,207 rlslts cancelled, and
$349,950 reinsurance in companies
auttiorized in Wisconsin






Net risks written


$6,894,810


$261,450


$6 666,260






Gross premiums on rislis written ....

Less $8,424.46 return premiums; and
$407.76 premiums for reinsurance in
companies authorized in Wisconsin


$92,268 83
8,794 83


$1,445 18
87 89


$98,714 01
8.832 22


Net premiums received %


$83,474 00


$1,407 79


$84.88119


Losses paid (deductinsr salvage) ....
Less losses on risks reinsured in com-
panies authorized in Wisconsin ....


$27,848 70
2,955 98


$118 25
58 36


$27,906 96
8.014 34


Net losses oaid


$24,892 72


$59 89


$24,952 61




Losses incurred


$29,256 45
1,431 11


$128 25
68 36


$29.384 70
1,489 47


Less losses on risks reinsured in com-
panies authorized in Wisconsin ...


Net losses incurred


$27,825 34


$69 89


$27,895 23





Digitized by



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WESTCHESTER FIRE INS. CO.



821



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.



Total premiums

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



Total

Add unearned premiums Dec. 31 of
previous yefir



Total

Deduct unearned premiums Dec. 31,
end of tbe year



Premiums earned during tbe year



UNDERWRITING PROFIT AND
LOSS ITEMS.

Gain from agents* balances previously
charged off, $164.M, and from other
underwriting income. $1^.25

Iioss from agents' balances charged
off



Loss from above

Agents' balances and bills

receivable not admitted

Dec. 31, 1912 ?19,506 57

Agents* balances and bills

receivable not admitted

Dec. 31, end of tbe year 17,710 83



Gain from above



Loss from underwriting profit and
loss items |



I



$3,231,510 88
28.129 98



$3,259,640 86
3,208.913 12



$6,468,553 98
3,275.331 22



$213 19
4,626 02



$4,412 83



1,796 74



Underwriting Income earned during
the year



LOSSES.



Losses paid

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



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



$1,880,901 78
328.716 72



$1,552,186 06
280,550 86



$1,326,180 18
50,000 00



$3,193,222 76



2.617 09



$1,841,736 92



$3,190,605 67



$1,276,180 18'
75,000 00



1.351,180 181.



3.192,917 10



$2,811 48



Digitized by



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822 WESTCHESTER FIRE INS. CO.

UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



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
year



Total



PROFIT ON INVESTMENTS.

Gain from other investments: Sale of
rights . . . ^



Investment income earned during the
year ,



LOSS ON INVESTMENTS.

Loss from decrease in book value of
ledger assets

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



$219,154 53
11,269 46



1207,885 07
11,185 88



Loss on investments during the year



INVESTMENT EXPENSES.

Investment expenses paid during the
year



$5,843 72
2.'i4,367 .39



Investment losses and expenses dur-l
Ing the year \



Loss from Investments during thel
year |.



$219,070 95



5,843 72



$240,201 11



$224,914 G7



6.1.-»4 631.



246.355 74



$S1.441 •?



MISCELLANEOUS EXHIBIT. |

Dividends declared to stockholders
during the vear


'


Gain in }
Surplus.


Loss In
Surplus.

$120,000 00


Gain from other sources




$8,608 51








Net loss from above â– 


$118, sot 40











Total gains and losses in surplus
during the vear




$187, 14S 9t


Surplus Deo. 31, 1912 $1,415,915 72




Surplus Dec. 31, 1913 1.278.771 73


1


Decrease In surplus during the year.




$187,148 90















Totals


$187,148 99


$187,148 M





Per cent of losses incurred to premiums earned 57.67.
Per cent of underwriting expenses incurred to premiums earned 42.3L
Per cent of Investment expenses Incurred to interest and rents earned 2.81.
Per cent of total losses and expenses incurred and dividends declared to
total income earned 104.21.



Digitized by



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WESTERN INS. CO. 823



WESTERN INSURANCE COBIPANT,

Pittsburgh, Pa.

Home Office, 12TH FLOOR, 316 FOURTH AVENUE.

[Incorporated March 20, 1840; commenced buniness May 1, 1840; admitted, 1905. J

President, W. II. NI.MICK. Vice PreJ<ideut. DAVID l\ BLACK.

Secretary and Treasurer, D. DALLAS HAKE.

CAPITAL STOCK.

Amount of capital paid up in cash $300,000 00

Amount of ledger assets December 31 of previous year $972,010 15

INCOME.

Fire

Gross premiums $821,304 09 *

Deduct reinsurance premliims, lire. $112,426.03; re-
turn premiums, tire, $15J,030.(>5 * 271 . 450 OS

Total premiums (other than perpetual) $540,938 01

Gross interest on mortgaj?e loans $5,711 55

Gross Interest on bonds and dividends on stoclcs, less
$988.37 accrued interest on bonds acquired during
the year 32,793 11

Gross Interest on deposits In trust companies and
banks 521 07

Gross rents from company's property 276 00

Total gross Interest and rents • 39,302 33

Gross Increase, by adjustment, in boolc value of ledger assets:
Bonds 469 00

Total income $'.80,709 34

Total footings $1,562,658 49

DISBURSEMENTS.

Fire

Gross amount paid policyholders for losses (Includ-
ing $50,60.3.33 occurring in previous years) $399,197 72

Deduct amount received for solvaire, Are. $2,46^.14: re-
insurance, fire, $64,126.07; discount, fire, $297.83.. 60.8:)3 61

Net amount paid policyholders for losses $332,304 08

Expenses of adjustment and settlement of losses 8.901 91

Commissions or brokerage \. 136, 201 .'•S

Allowances to local agencies for miscellaneous agency expenses.. 205 00
Salaries, $10.,916.98, and expenses, $11,487.87, of special and gen-
eral agents 22, 404 85

Salaries, fees, and all other charges of officers, d'rectors, trus-
tees and home office employes 38, 08(> 49

Rents 7 . 880 52

Advertising, $1,239.63 ; printing and stationery, $4,510.15 5.740 78

Postage, telegrams, telephone and express 4.477 34

liCgal expenses 541 70



Digitized by



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824 WESTERN INS. CO.



Faraitare and fixtures

Maps, including corrections

Underwriters* boards and tariff associations

Fire department, fire patrol and salvage corps assessments, fees,
taxes and e]u>ense8 ^

Inspections and surreys

Repairs and expenses (other than taxes) on real estate

Taxes on real estate ^

State taxes on premiums

Insurance department licenses and fees

All other licenses, fees and taxes :

Federal corporation tax $33 67

Tax on capital 1,008 00

Miscellaneous licenses, fees and taxes 745 92



239 Vt


1.702 21


6,021 68


5,798 77


1,617 72


58 08


63 30


10.501 61


3.237 90



1,787 59



Other disbursements:

Premiums on bonds $245 78

Actuarial bureaus .371 25

Reporting agencies 791 50

Auditors 1,50000

Bntertalning ,330 25

Office suppUes 210 82

Sundries 672 81

Brokerage premiums 5.518 29

9,640 70

Paid stockholders for interest or dividends ; 24,000 00

Agents' balances charged off 16 91

Oross loss on sale or maturity of ledger assets: Real estate.. 50 00
Oross decrease, by adjustment. In book value of ledger assets:

Bonds 1,504 67

Total disbursements $623,864 36

Balance $938,704 13



LEDGER ASSETS.

Book value of real estate $1,992 38

Mortgage loans on real estate, first liens 60,000 00

Book value of bonds, $712,527.54, and stocks, $23,081.88 735,609 42

Cash in company's office $2,431 00

Deposits in trust companies and banks
on interest 39.865 88

42,296 88

Agents* balances representing business written sub-
sequent to October 1, 1913 1,27167

Agents' balances representing business written prior
to October 1, 1913 \ a'S.POO 69

Bills receivable, taken for fire risks 1,638 09

Total ledger assets $038,794 13



NONLEDGER ASSETS.

Interest duo $117 and accrued $860.49 on mortgages .. $^77 40

Interest accrued on bonds 10,394 65

Total 11 .372 14

Market value of real estate over book value 1.507 62

Qross assets ,..,..., $931,673 89



Digitized by



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WfiJB!tettk m. do. 82&



DfiDtJCT ASSfiTB NOT ADMITTBD.

Agfetits* balances, representiiiff business written prior
to October 1, 1918 $1,271 67

Bills receivable, past due, taken for marine, inland
and flre risks 1,633 00

Book Talue of ledger assets over market value:

Bonds 12.2d2 59

Stocks 12,026 88

27,224 23

Total admitted assets $924,449 66



LIABILITIES.

Gross losses adjusted and unpaid (due, $11,603.22;
not yet due, $2,938.22) $14,441 44

Gross claims for losses in process of adjustment or
in suspense, plus $3,000.00; reserve for losses in-
curred prior to Decenil>er 31 of which no no-
tice had been received on that date 32,276 64

Gross claims for losses resisted 6,770 15



Total $53,488 28

Deduct reinsurance due or accrued 9, 162 16



Net amount of unpaid losses and claims $44,326 07

Gross premiums (less reinsuranc-e) received and receivable upon

all unexpired flre risks, $1,017,914.40; unearned premiums 543,847 90

Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued 200 00
Estimated amount hereafter payable for federal, state and other

taxes based upon business of the year of this statement 4,300 00



Total amount of all Uabllitles except capital , . $592,673 97

Capital actually paid up in cash $300,000 00

Surplus over all liabilities 31,775 69



Surplus as regards policyholders 331,775 69



Total liabilities $924,449 66



RISKS AND PREMIUMS.

Gross
premiums
Fire risks. thereon.

In force the Slst day of December, 1912 $117,157,244 $1,214,035 61

Written or renewed during the year 75.215,119 821,394 09

Total $192,372,363 $2,035,429 70

I>educt those expired and marked off us terminated.. 75.471.440 817,206 54

In force at the end of the year $116,900,923 $1,218,223 16

Deduct amount reinsured 14.688,077 170,308 76

Net amount In force $102,212,846 $1,047,914 40



Digitized by



GoogI(



S26



WESTERN INS. CO.



RECAPITULATION OF FIUE RISKS AND PREMIUMS.



Year
written.



Term.



Amount
coveied.



Gross
premiums
charged,
less re-
insurance.



A mount of
premium
unearneil.



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



I



$28.3.30,220]

36^3,333

226,029

16.749,097

18,857,912

21,100,627

71,350

222,470

80,544

108,0611

2,588,6771

3,2.i5.367|

3,345,1711

3,593, 377i

3,254,876!

79.7351



One year or less

Two years

Two years

Tliree years ....
Three years ....
Threee years ....

Four years

Four years

Four years

Four years

Five years

Five years

Five years

Five years

Five, years

Over five years ..

Totals j $102,212,8461 $1,047,914 40

I I



$325,803 76

2,757 22

2,669 26

148,972 31

174,129 75

195,859 48

723 85

2,516 74

876 93

1,625 98

31,586 (M

;t8.093 12|

38,915 23

43,757 01

38,882 51

745 21



1-2

1-4

3-4

1-6

1-2

56

1-8

3-8

5-8

7-8

1-10 1

3-10

1-2

7-10

9-10

P. R.



$162,901 88

688 30

2,001 94

24,828 72

87,064 87

163,216 23

90 48

943 78

548 08

1,422 73

3.158 60

11.427 94

19,457 61

30,629 91

34.994 26

471 &i



.| $543,847 90



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.



I



Fire.



Tornado.



I TotaL



Gross risks written j $1,369,911 00|

Le.ss V267,tW2.(K) r isles cancelled, and ,

$29,131.00 reinsurance in companies] I

authorized in Wisconsin j 295,263 00|



Net risks written | $1,074,648 001



$16,000 00| $1,385,911 00

I

1.500 Oo| 296,763 00
$14,500 OOj $1,089,148 00



Gross premiums on risks written | $10,631 85|

I-.ess $2,396.20 return premiums; and! j

$1,289.76 premiums for reinsurance I

In companies authorized in Wiscon- |

sin 3,683 86



Net premiums received | $12,947 99

Losses paid (deductingr selvajre) $0,358 30|.

I-.e«s losses on risks reinsured in com- J

panles authorized in Wisconsin ..' 2.326 91[.



$57 40 $16,689 25

1
I

2 101



3.686 96



$55 301 $13,003 29

j ^ioTsSs'S

I 2.326 91



Net losses paid



.1



$4,031 39[.



Losses incurred |

Less losses on risks reinsured in com- 1
panies authorized in Wisconsin 1



Net losses incurred



JpS.806 2S)|.

2,326 9l|.

$6,479 3.SI.



$4,031 S9



$8,800 29

2.326 91

$6,479 38



Digitized by



GoogI(



WEStERN iKS. CO.



82?



tNDBRWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT*
Premlams»



Total premiums

Add unearned premiums Dec. 31 of
previous year



Total

Deduce uuearned premiums Dec. 31,
end of tbe year



year



Premiums earned durinsr the



UNDERWRITING PROFIT AND
LOSS ITEMS.



Loss from agents' balances cliarged

off

Agents* balances and bills

receivable not admitted

Dec. 31. 1912 $2,956 55

Agents' balances and bills

receivable not admitted

Dec. 31, end of the

year 2,904 76



$540,938 01
540,676 26



$1,090,614 27
543,847 90



Gain from above



Gain from underwriting profit and