666


INSURANCE CO. OF THE STATE OF PkENNSYLVANtA.


DEDUCT ASSETS NOT ADMITTED.


Agents' balances, representing businsess written prior
to October 1, 1912...................................
Book value of ledger assets over market value:
Real estate ........................................
Stocks and bonds ..................................


$2,910 67
34,200 00
42,605 67


- - - 79,716 34
Total admitted assets ..$3,7...............                     1. $3,703,189
57


LIABILITIES.
Gross losses adjusted and-unpaid, not yet due....
Gross claims for losses in process of adjustment or
in suspense, plus $20,000.00 reserve for losses in-
curred prior to December 31, of which no notice had


$63,004 25


been received on that date ..........................  283,101 62
Gross claims for losses resisted ......................  40,532 18
Total .....................$. 386,638 05
Deduct reinsurance due or accrued.118,056 39
Net amount of unpaid losses and claims....................
Gross premiums (less reinsurance) received and -re-
ceivable upon all unexpired fire risks running one
year or less from date of policy, including interest
premiums on perpetual fire risks, $1,608,452.62; un-
earned premiums (fifty per cent) .................. $804,226 31
Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired fire risks running more
than one year from date of policy, $1,787,411.83.;
unearned premiums (pro rata) .....................  951,043 70
Gross premiums (less reinsurance) (cash and bills)
received and receivable upon all unexpired inland
navigation risks, $40,380.58; iunearned premiums
( fi f+  arnn ,


$268,581 66


v -Y             .  .   . -.      . - 1 i -.  ..  .  .  .  .  .  .  .  .
 .  .  .  .  .  . . 20,190   29
Total unearned premiums as computed above ................ 1,775,460 30
Amount reclaimable by the insured on perpetual fire insurance pol-
icies, being 90 and 95 per cent of the premium or deposit re-
ceived ........................4.........................           416,784
94
Dividends declared and unpaid to stockholders .....................   1,136
93
Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued..
 2,733 5$
Estimated amount hereafter payable for federal, state and other
taxes based upon business of the year of this statement ..........  35,000
00
Total amount of all liabilities except capital ................. $2,499,697
37
Capital actually paid up in cash ....................           . .   $800,000
00
Surplus    over   all liabilities .............................   403,492
  20
Surplus as regards policyholders ................................. 1,203,492
20-
Total liabilities ............. ................................. $3,703,189
57


PERPETUAL RISKS.


Amount of      Total


Perpetual risks in force on the 31st day of December,
1911 .................................. $19,187,589 40
Perpetual risks written during 1912 .......  ..........  201,050 00
Totals .   .................................. $19,388,639 40
Deduct those marked off as cancelled ..............    795,300 00
In force December 31, 1912 ..................$18,593,339 40
Deduct amount reinsured ............................     83,000 00
Net amount in force .................        $18,510,339 40
Losses incurred on perpetual risks during 1912.........
Losses paid on perpetual risks during 1912........................


deposits.
$477,550 53
9,500 IS
$487,050 71
25,855 31
$461,195 40
2,759 14
$458,436 26
$1,758 58
1,708 86