Report online

loss items



Underwriting income earned during
tbe year



$16 91



$546,766 3'



51 79



LOSSES.



Losses paid

Deduct unpaid losses December 31
of previous year



Balance

Add unpaid losses December 31, end
of the year



Losses incurred during the year



UNDERWRITING EXHIBIT.

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

Loss from underwriting during the
year



34 88|.



$546,801 25



$332,304 08 .
fH,lW 761.



$278,199 32|.
44,326 07 .



$258,340 34
5,000 00



$253,340 34
4.500 00



1=



$322,525 39



257.840 341



580,335 73



$38,664 48



Digitized by



GoogI(



m



^MSStEktt 1KB. M.



UNDERWRITING AND INVESTMENT EXHIBIT—Colltllliied.



INVESTMENT EXHIBIT.
Interest and Rents.

interest, dividends and rents re-
ceived 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 the year



Total



PROFIT ON INVESTMENTS

boolc value



Gain from increase in
of ledger assets



Investment income earned during the
year



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 values dur-|
ing the year



$39,302 33
13.021 47



128,280 86



11,372 14



Loss on investments during the year



INVESTMENT EXPENSES.

Investment expenses paid during the
year ...v



$50 00
1,504 67

5,801 29



Investment losses and expenses dur-j
lug the year *



137.658 00



469 00



$7,355 96



2,130 07



Gain from Investments during thel
year | .



MISCELLANEOUS EXHIBIT. |

Dividends declared to stockholders!
during the year J

Total gains and losses in surplus dur-i

lug the year ' .

Surplus Dec. 31. 1912 1

Surplus Dec. 31, 1913



138.122 OO



9.4S6 03



f2$.«Sf7



Gain in
Surplus.



Loss In
Surplns.

$34.000 00



Decrease in surplus during the year
Totals I



$60,704 201
31,775



$S8.6Sft 87' 157.564 48

I



S8.828 61|.



$67,564 48



$57.544 48



Per cent of losses incurred to premiums earned 58.98,
Per cent of underwriting expenses incurred to premiums earned 47.16.
Per cent of investment expenses incurred to Interest and rents earned. 5.08.
Per cent of total losses and expenses incurred and dividends declared to
total income earned, 1(^.95.



Digitized by



GoogI(



WHiUAMSBURGH CITY FIRE INS. CO. 829



WILLIAMSBUBGH CITT FIKE INSURANCE COMPANY,

New York City.

Home Office, 95 WILLIAM STREET.

[Incorporated March, 1860; commenced business March, 1853; admitted

Jnne, 1907.]

President, GEO R. BEANRON. Vice President, LEWIS H. VALE.

Secretary, DAVID J. BL RTIS.

CAPITAL STOCK.

Amount of capital paid up In cash $1,000,000 00

Amount of ledijer assets, Dec. 31 of previous year $1 ,390,454 30

Nassau & Dutchess 3,801.844 82

Extended at $5,192,299 12

INCOME.

Fire.

Gross premiums $4,229,606 20

Deduct retnsurance premiums, 11 re.^ $896,386.69; return
premiums, lire. $753,676.27 1.048,900 88

Total premiums (other than perpetual) $2,680,645 34

Gross interest on mortgage loans $27,127 42

Gross Interest on collateral loans 260 00

Gross interest on bonds and dividends on stocks,
less $1,409.21 accrued interest on bonds acquired

during the year 171,081 29

Gross interest on deposits in trust companies and

banks 4,698 77

Gross interest from all othej: sources 408 37

Gross rents from company's property, inclndlng '
$160.00 for company's' occupancy of its own build-
ings 3.709 48

Total gross interest and rents 207, 175 33

From other sources : Sale of maps 1 , 154 66

Gross profit on sale or maturity of ledger assets:

Bonds $1,709 11

Stocks 41,166 29

\ 42,876 40

Total Income $2,831.750 73

Total footings $8,024,049 85

DISBURSEMENTS.

Fire.
Gross amount paid nolicybolders for losses (Including

$251,886.07 occurring In previous years) $1,927,034 46

Deduct amount received for salvage, fire. $14,468.18:
reinsurance, flre, $362,722.50; discount, fire, $1,076.21 378,266 98

Net amount paid policyholders for losses $1 , 648. 767 48

Frnopwoc of nrH|i<ittT>nnt «nd settlement of losses 45.135 27

Commissions or brokerage 968.645 56

«"'•»»•«*»« 6,228 38

Salaries, fees, and all other charges of officers, directors, trustees
nod home office employe*. . . . . f . t « ^ 66,837 88



Digitized by



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830 WILLIAMSBURGH CITY FIRE INS. CO.

Rents, Including $150.00 for company^s occupancy of its own build-
ings 20,525 00

Advertising. $4,204.50 : printing and stationery, $19,810.82 24,105 41

Postage, telegrams, telephone and express I5,fll0 TO

liegal expenses 2.672 45

Furniture and fixtures 48 J^

Maps, including corrections « 00

Underwriters* boards and tariff associations 28.704 57

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

taxes and expenses 10.200 70

Inspections and surveys 1 .5,'js g«

Repairs and expenses (otlier than taxes) on real estate 5..'»6 90

Taxes on real estate JMO ««

State taxes on premiums 4S.040 3n

Insurance department licenses and fees 14.906 65

All other licenses, fees and taxes:

Federal corporation tax $2 84

City and county taxes 7,870 44



7,873 28



Other disbursements:

Premium on surety bonds $33.*? 75

Sundry expenses TOO 88

Collection fees on premium notes 00 65

Subscriptions to periodicals 78 00

1.302 26

Paid stockholders for int*»rest or dividends ^^*'*22 ^

Agents' balances charged off ^ 2u 94

Gross loss on sale or maturity of ledger assets:

Bonds $19.085 00

Stocks ,^ . 316 63

59, .100 01
Gross decrease, by adjustment, in book value of ledger assets:
Stocks 21.600 00

Total disbursements $3,003,114 06

Balatace $5 . 020 w«% "^



LEDGER ASSETS.

T»^ov vniii'^ of real estate $107,373 70

Mortgage loans on real estate, first liens, $562,800.00;

other than first, $358.86 563,158 86

Loans secured by pledge of bonds, stocks or other

collateral 5,000 00

Book value of bonds, $1,543,706.29, and stocks, $2,036,-

•"-o» .1.57n.9«i8 31

Cash m company's office $393 13

Deposits in trust companies and banks

on Interest 362.753 10

363,146 23

Agents' balances representing business written sub-
sequent to October 1, 1913 375,295 24

Agents' bqlan'»ea '•^nresentlng business written prior

to October 1, 1913 990 70

T^niq r'^ooivable. taken for fire risks 24.070 63

Other ledger assets: Cash at office Freeport, 111 1.903 12

Total ledger assets $5,020.93.'! 79



Digitized by



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WILLIAMSBITRGH CITY FIRE INS. CO. 831



NON-liBDaBR ASSETS.



■ I ■ ■i n Fiwp«wnwggr"



Interest accrued on mortsruges $5,747 «ft

inror«»Mf >ii..»«. O.I O.I b..-..i« L»(>.0'* :\'

Interest accrued on collateral loans 125 00

Interest accrued on 500 shares. The Mackay Com-
panies preferred stock sold Dec. 17, 1913 500 00

Total ?7^o7 04

Otlirr iioii ledjfrr asst'ts: KpliisuraiMo duo <m paid Iossoh .TJ.727 00

Gross assets ?5.0S0.9S9 83



DEDUCT ASSETS NOT ADMITTED.

Afrents* balances, representing business written prior

to Oct o* or 1 1«.>13 $999 70

Book value of ledger assets over market value 207. 7C7 .'il



20S.767 01
Total admitt*'d asso h S4 . S7.» . •_*•.»•_> S-»



LIABILITIES.

Uross lnsM»»s adjusted and not yot due $25.(K>'> 00

(Jross rlaims for Inssow in nrocess of ad.iu^tniont '*r
in RUKoeoHo, pluM $.30,000.00: rosorvo for lo^'=<ps <t|.
cnrred prior to Doopmber .11 of whlrh no notice h ul
h«>on received on that date 2^v .-,19 o'\

GrnH^ claims for loHses resisted I-'lOOO 00

Total $.^^s. .'-.IS 0*)

Deduct reinsurance due or a<Mrued 70.902 00

Net amount of unpnid losses and cla'ms $207,010 00

Gross premiums He^s rel**^""''*^""^ ••ofo'v^.i oMri rcr^oiyjiMe upon

n'l nnexDired fire risks, $5,056,250.97; unearned premiums 2 .V»^ ^•'> "*?

SMlnries, rents, exnenses. Mils, accounts, ff'es. etc., <lne or nccmeil T.OOO 00
Estimated amount here-ifter pavable for fc'»e»*al. "tnte and other

taxes based upon business of the year of this stitement .14.000 fH)



Total amount of all liahilitles except capital .i:2>'«1.0rj.TJ

Tapital actuallv na«d nn In cash $1 iHWt.Ooo r»o

Surplus over all liabilities 1 .01C.r57 .'f)

Surplus as regards policyholders 2.010..'»r»7 .10

Total liabilities $4.872.2 ?2 S2



RISKS AND PREMIl MS.

premiums

Fire risks. thereon

In force December 31, 1912 $50.1. 227. 8m $n.'»ii mo -^o

Written or renewed In 1913 409. 879. ,184 4.229 500 20

Excess of original premiums over amount received for
reinsurance 73 . ."»68 ."»1

Totals $1,003,107,180 $10 r^ii.fy^d ?o

Deduct expirations and cancellations 408..''i24.2«6 4.400.991:^1

In force December 31, 1913 $594 . r>.82 . 9*>0 $0. lil 004 ft7

Deduct amount reinsured 1O4.5'»2.095 1.080.844 00

Net amount In force $490.0.30.825 $5,056,250 97

uiyiLizeu uy "^^jxJvyVt Iv



832



WILLUMSBURGH CITY FIRE INS. CO.



RECAriTULATION OF FIRE RISKS AND PREMIUMS.



Year
written.



Term.



Amount
covered.



19W


One year or less....


1012


Two years


191S


Two years


1911


Three years


1912


Three years


191»


Three years


1910


Pour years


1911


Pour years


1912


Four years


1918


Four years


1909


FiTe years


1910


Fire years


1911


Five years


1912


Fire years


1913


TJ'IVA f^MTB




Over live years ....



I 1128.242,
I 970.

I 835,

( 83.754,
I 85,. 528,
I 81, 603.
672.
I 323,

I 395.

401.

10.087.

19,162.

22,776.
I 23,530,
I 25.6.'**

i! ?1

Totals t 1490.030,




559.010 32



BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.



Fire.



I

' Tornado.

I



194,767 001
«976.840 001



$9,707 201
1.8T7 791



$7,829 41



Oross r!gk«i written I $8,750,619 001 $1, in. 607 Ool

Lews $1,806,271 risks cnncelled. andl f

$866,203 relnsnrance In companlesl I

authorised in Wisconsin I 2,466,707 001

? I.

Net risks written I «fl.?«3.822 001

Oross premiums nn rinks written...) $99.375 591

Less premiums for relnsnrance ln| I

companies authorized In Wisconsin' 21.. 574 48t

I f-

Net premiums received I «77.801 IH

1= 1^

Losses paid (deducting salvafre) I $32,999 261

L**K<i lo<»«iAs on r'«»1c« '^ipQMrod In' '

companies authorized In Wisconsin' 4.718 9S'

I f-

Net losses paid ! S28.280 331

1= 1

T.oRsoji Incnrrpd ' $34,992 57'

Jjfifv ^f\-*^*^*i '^•» *«'«jV«! «'»tr»«"tr(»f! In' !

companies authorized In Wisconsin' 4.715 52'

I \-

Net losses Incurred t $30, 277 05'

^ \__ I

xar-: — ■■ >• V — •- -" ■■ ~ — - ^ — ^>-— ■ —



$4,038 28'



$4. .538 281



$l,.5,38 28'



$4,538 281



Total.



$9,922,226 00



2.661.564 00



$7,260 662 00



$109,082 79
23.4.%2 27



$85,650 52

"$37,557 54

4.718 93



$.32,818 61



$39. .550 K^
4.715 52



$34,815 .33



Digitized by



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WILUAMSBURGH CITY FIRE INS. CO.



833



UNDERWRITING AND INVESTMENT EXHIBIT.



TJNDBRWRITINO EXHIBIT. I
Premiums. I

Total premfnms 112,580,545 34

Add unpaid return and relnsurancej
premiums Dec. 81 of previous year! 2,984 70



Total I $2,583,494 04

Add unearned premiums Dec. 31 ofj
prerlous year I 2,803,731 46|

h



Total I $5,387,229 601

Deduct unearned premiums Dec. 31,1 I

end of the year | 2,559,049 32|

I â– 

Premiums earned during the year... I



TJNDERWRTTTNn PT?0FIT AND
LOSS ITEMS.



I



Jjon^ from amenta' balances chargedl
off I

Airents' bnlances and bills I

receivable not admitted I

Dec. 81. 1912 $7,074 081.

Asrents* balances and bills |

Dec. 81, end of the year. . . 999 7n».



Oain from above.



$277 94



6.074 381



Gain from underwritlnsr profit and!
loss Items \,



I



.1.



I
$2,828,180 181.



I



I

I

.•5.796 441.



T' •-'-^'" - "'tijr fiU'omo onrnerl <liirlntr'
the year » f » $2.P33.976 62

I I (

LOSSES. • '

I I



Tsonnen paid t

Deduct «»»lvf»ee i»nd reinsurance re-l
coverable Dec. 81 '



Ut,



548.767 48!.
I
82.727 001.
-I



I



Balance I $1,516,040 48'.

Add nslrave and reinsurance recov-l i

arable December 81 of prevlousi '

year r 2.193 75i.



.f.



Total I $1.

Deduct unpnid losses December 31 ofl
previous year \

f-



-!



Balance I $1,261,605 8it.

Ad** nnnafd losses December 31, end' I

of the year t 267.616 ooi.

-I



I

518.234 231 '.

I I

256 628 4?' '.

•f I



Losses Incurred during the year... ' $1,. '529. 221 8i'



TTNOEnWRlTINO EXPENSES



\



the vesr f $1,240,829 06>

D'^'inrt pnde»'wr1Hnflr exnenaes unpaid I
December 81 of previous^ year ' ?« ooo Ooi



f-



B«i1«nc<» » $1,205,829 06'

A**** iindorv»itIn«r eTnenseff unpnidl

December 81, end of the year ' 3?5 . 000 oo'

f

fTfMor^-ftlnff- expenses incurred dur-I
ing the year i



I'ndenvrlting los«e« and expenses '.

I

Qr^n from underwrltlnflf during the'

7Mlf ....'•



t.«in ♦J'^ 'C'



RO ^Tfta T






834



WILLIAMSBUBGH CITY FIRE INS. CO.



UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



INVESTMENT EXHIBIT.
Interest and Rents.



Interest, dividends and rents i
ceiyed dnrinflr the year

Deduct interest, diridends and tents
due and accrued December 31, end
of the year ,



I



Balance

Add Interest, dlyidends^and rents due
and accrued December 31, end of
the year



$207,175 33
26,550 11



Total



$180,025 22
27,327 04



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



Investment Income earned durlngr the
year



LOSS ON INVESTMENTS.



Loss from sale of led«rer 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 ,



$59,301 63
21,600 00

161.096 18



$207,952 26



42.875 40



$241,999 81



IT.iaS 29



Investment losses and expenses dur-l
ing the year ]



Loss from investments during the
year



MISCELLANEOUS EXHIBIT.



DividenTIs declared to stockholders!
during the year |.



J Gain in
Surplus.



Total gains and losses in surplus dur-
ing the year

Rurplus Dec. 31, 1912

Surplus Dec. 81, 1913



Decrease in surplus during the* year.



$1,068,987 19
1,010.557 501



$68,9t5 75



58,428 69



$250,827 66



259,183 10
$8.S55 44



Loss In
Surplus.

$114,000 00



$122,365 44



Totala 1 1 $122,355 44

I I



$12f2,S5S 44



Per cent of losses incurred to premiums earned. 54.0.
Per cent of underwriting expenses incurred to premiums earned. 43.8.
T'er cent of Invosfment expenses incurred to Interest and rents earned, .083.
Per cent of total losses and expenses incurred and dividends declared to total
Income earned, 101.56.



Digitized by



GoogI(



Mutual Companies Maintaining

an Unearned Premium

Reserve



Digitized by



GoogI(



836 BADGER MUTUAL PIBE INS. CO.



BADOER MUTUAL PIBE INSUBANCE COMPANY,

Mlwaukee, Wisconsin

I Incorporated 1S91. Commenced business ISOl.l



President, AUGUST KELLTNO. Vice Pivsldcnt, ALBERT RAHN.

Secretary, W. H. GRABBNER.



BALANCE SHEET.
Amount of ledger assets December 31 of previous year $114,523 9J

INCOME.

Gross premiums $22, 484 08

Deduct gross amount pnid for return premiums 343 76

Total premium?! |22,140 32

Gross interest on mortgage loan^ $5, 818 93

Gross rents from company's property, including
$120.00 for..company'8 occupancy of Its uwn build>
Ings 303 00

Total gross Interest and rents 6,151 03

From other sources.

Sale of BtoTe $20 00

Sale of sa/e ^ SO 00

Sale of desk 12 50

Money borrowed for xjipw oftlce building 20,400 00

20,482 «0

Total Income $48,774 75

Total footings $163,208 67



DISBURSEMENTS.

Gross amount paid policyholders for losses $3,120 86

Expenses of adjustment and settlement of losses 248 00

CommisFion? and brokerage 5,260 05

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

and home-office employes 3,121 50

Rents, Including $120.00 for company's occupancy of Its own build-
ings 346 on

Advertising, $120.43 ; printing and stationery, $382.28 511 71

Postige, telegrams, telephone and express 341 15

Furniture and fixtures 203 75

Maps, Including corrections 38 00

Fire department, fire patnol and snlvage corps assessments, fees,

taxes and expenses . . , . , 380 46

Inspect Ions and surveys 40 40

State taxes on premiums 71 33

AU Other lJce»se9, t^n an(i taxe« : F^fleral corporatjon \^i^ 53 69



Digitized by



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Badger mutual fire ms. oo. 837

Other disbursements:

Light , 160 80

Fuel er 52

Audit by Ins. Dep't 105 66

Secretary and Treas. bonds 18 00

Burglary Ins • 18 60

Calendnrs 32tt 75

Sundries (Janitors' fieryice, moving, etc.) 180 2S

783 80

Total disbursements $14,866 78

Balance $148,411 89



LEDGER ASSETS.

Book value of real estate 121,257 03

Mortgage loans on real estate, first liens 126,175 75

Deposited in trust companies and banks not on in-
terest 423 04

Agentft' balances representing business written subse-
quent to October 1, 1913 565 17

Total ledger assets $148,411 8U



NON LEDGER ASSETS.

Interest accrued on mortgages 1,025 00

Other non-ledger assets: Office furniture and fixtures 1,000 VO

Gross assets $150,436 89



DEDUCT ASSETS NOT ADMITTED.

Furniture fixtures and safes •. 1.0^''

Admitted assets $149. 4:r.



LIABILITIES.

Gros^t premiums (less reinsurance) received and re-
ceivable upon all unexpired risks running one year
or less from date of policy, unearned premiums
(fifty per cent) $1,78001

Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired risks rnnning more
^hau one year from date of policy 27,300 99

Total unearned preminnis as computed above .- $29,081 03

Estimated amount hereafter payable for federal, state and other

taxes based upon the business of the year of this statement .... 057 68

All other liabilities:

Loan from Wisconsin State Bank $10,000 00

Loan from Carman American Bank (for new office
building) 10,400 00

20,400 00

Total amount of all liabilities $.'>0,138 71

Surplus 93.298 18

Total liabilities and surplus $149,436 8)



Digitized by



GoogI(



838



BADGER MUTUAL FIRE INS. CO.



RISKS AND PREMIUMS.

GrosR cash

Amonnt premiums

at risk. thereon.

In force on the 31st day of December, 1912 |8.781,385 00 $48,297 92

Written or renewed during the yeor 4,088,834 16 22,484 08

Total $12,870,239 16 170.781 70

Deduct those expired and marked off as terniinatx»d. 3,082.407 50 15,792 32

Net amount in force $6,787,831 66 $54,980 38



RECAPITULATION OF FIRE RISKS AND PREMIUMS.



Year
written.



1913..
1911..
1912..
1913..
1911..
1912.



Term.



One year or less...
[Three years '"



I Three years
Three years
Five years .
• IFlve years .



1913 [Five years



Amount
covered.



$474,675 00|

2.718.142 001

3,031,160 50|

3,548.354 16'

1,000 001

7,000 00

7,500 00'



Gross


c^




premiums


s?


Amount of


chanr*)d.


5s


premiums


less re-


SS


unearned.


insurance.


l§





$3,560 071

14,955 281

16,700 88|

19,557 20)

26 70|

98 60

81 63



1-2

1-6

1-2

5-6

1-2

7-10

0-10



Totals J $9,787,831



$54,980 381



$8,354 94

2,492 &4

8.3."^ 91

16.297 65

13 35

69 02

78 49



$29,061 03



UNDERWRITING AND INVESTMENT EXHIBIT.

UNDERWRITING EXHIBIT.

Premiums.



Total premiums



$»,140 S9



INVESTMENT EXHIBIT.
Interest and Rents*.

Interest, dividends and rents received duringr the
year $6, 151 93

Deduct interest, dividends and rents accrued Dec.
31. 1912 1.02500

Balance $5,126 93

Add 1nt*»re8t, dividends and rents accrued Dec.
31. 1912 1.025 00

Total jTrmTTrrrr



ft.in ts



Digitized by



GoogI(



GERMANTOWN FARMERS MUTUAL INS. CO. 839



GEBBIANTOWN FARMERS MUTUAL INSURANCE
COMPANY,

South Germantown, Wisconsin

President, GEORGE KEIPPEL. Secretary, J. A, SCHWALBACH.

Treasurer, FRANK SCHMELING.

[Incorporated 3854. Commenced business ISW.]

BALANCE SHEET.
Amount of ledger assets December 31 of previous year |249,104 04

INCOME.

Gross preminme $22,235 49

Deduct gross amount paid for return premiums 545 27



Total premiums $21,690 22

Cross Interest on mortgage loaiin $10,881 53

Gross Interest on deposits In trust companies and
banks 178 62



Total gross interest 11,010 15

Total income $32.700 37

Total footings $281,80* 41

DISBURSEMENTS.

Gross amount" paid policyholders for losses (includ-
ing $83.3.14 occurrinif In previous years) $0,397 82

Deduct amount received for salvage 101 22

Not amount paid poHcybolders for losses

Commissions and brokerage

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

and home-office employes

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

taxes and expenses

Taxes on real esta te

State taxes on premiums

Insurance d*;partroent licenses and foes

All other licenses, fees and taxcn: Fire marshal tax

Other disbursements: General expenses



.$0,290 61
4,627 10


4,0C0 00


2M 73
72 00

399 85
75 00
74 88

935 90



Total disbursements $16,825 62



Balance $264,978 79



LEDGER ASSETS.

Book value of real estate $11,118 »

Mortgage loans on real estate, first liens 235,800 00

Cash in company's office $2,925 64

Deposited In trust companies and
banks on Interest 12-841 54

15,767 18 r^ T

uiyitized by VjOOQK



840



GEBMANTOWN FARMERS MUTUAL INS. CO.



Agents* balancen representing business written sub-
sequent to October 1, 1913 1,000 00

Agents' balances representing business written prior
to October 1. 1013 612 72

Other ledger assets : Office furniture and fixtures.. 82120

Total ledger assets $264,078 79

NON-LEDGER ASSETS.

Interest due. $625.00 and accrued. $3,809.81 on mortgages 4.434 81

Gross assets $260,413 <y

DEDUCT ASSETS NOT ADMITTED.

Furniture, fixtures and safes $62120

Agents' balances, representing business written prior
to October 1. 1913 612 72

1,138 «

Admitted assets $268,279 63

LIABILITIES.

Gross claims for losses in process of adjustment $2,000 00

Gross premiumr. (less reinsurance » received and .receivable npon
all unespited fire risks, $14,413.26; unearned premiums 23,039 22

Total amount of all liabilities $25,039 22

Surplus 34,1,246 46

Total liabilities and surplus $2 68,279 6 8

RISKS AND PREMIUMS.

Gross etih
Amount preraiamf

at risk. thereon.

In force on the 31st day of December, 1012 $3,492, 707 $42,767 90

Written or renewed during the year 1,765,721 22,285 49

Total $5,258,428 $64,998^

Deduct those expired and marked off as terminated.. 1,562,335 20,580 13

In force at the end of the year $3,696,098 $44,413 26



RECAPITrLATION OP FIRE RISKS AND PREMIUMS.



Year
written.



Term.



1913 One year or less.

1911 Throe years

1912 Three years

1913 Three years ....

1909 Five years

1910 Five years

1911 |Fi\e years

1912 |Fi\i' years

1913 |Fi\e .\ears



Tota'.s



Amount
covei-ed.



Gross
premiums
charged,
less re-
insurance.



$727,530;
691.579.
770.068
855,8941
117,125]
110,0951
141,792)
133,0081
149,0021



2§



Amount of
premiuins
une»rned.



.1



.1



$10,080 821

8.118 521

8.464 40(

9,92ti 961
1.368 n\
1,296 36| 3-10
1,768 68| 1-2

1,007 371 7-10

1 ,787 0S| 9-10



1-2
1-6
1-2
5^
1-10



I



$3,696,063



$44,413 2C{



$5,040 41
1 :«S C9
4.332 20

136 »
888 91




Digitized by



GoogI(



GEBMANTOWN PABMEBS MUTUAL INS. CO.



841



BUSINESS IN WISCONSIN DUBINQ 1913.

Plre

Orof II risks written 117.657 21

Less risks cancelled 3S2 95

Net risks written $17,324 26

Gross premiums on risks written $22,2:^ 49

liess retnm premiums 543 27

Net premiums received $21 .690 22

Losses pAld (deducting salvage) $rt.296 60

Losses Incurred $7,468 46



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.

Premiums.



Total premiums

Add unearned premiums Dec. 31, 1912 I

Total

Deduct unearned premiums Dec. 31,

1013 : I



$31,090 22|.
21,611 26|.
-I



$43,301 48!.
I
23.039 22|.



Premiums earned during 1013

LOSSES.

Losses paid

Deduct unpaid losses Dec. 31, 1912..