AGRICULTURAL INS. CO.


249


DEDUCT ASSETS NOT ADMITTED.
Agents' balances, representing business written prior
to October 1, 1912 ...............            , ,   $6,667 27
Book value of ledger assets over market value, viz.:
Real estate ..........                               5,314 74
Bonds and stocks ..........                         35,341 43
47,323 41
Total admitted assets   .................. .            $4,188,793 17
LIABILITIES.
Gross losses adjusted and unpaid (due, $19,414.76;
not yet due, $34,802.74).                          $54,217 50
Gross claims for losses in process of adjustment or
in suspense, plus $11.921.25: reserve for losses In-
curred prior to December 31, of wvhich no notice
had been received on that date .106,448 25
Gross claims for losses resisted .19,094 25
Total ..$ ,179,760 00
Deduct reinsurance due or accrued ..       ....       11,762 81
Net amount of unpaid losses and claims .                  $167,997 19
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, $1,092,525; un-
earned premiums (fifty per cent) .....  ............  $546,262 50
Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired fire risks running more
than one year from date of policy, $2,879,800; un-
earned premiums (pro rata) ......    ................ 1. 530,413 43
Total unearned premiums as computed above .2,076,675 93
Estimated amount hereafter payable for federal, state and other
taxes based upon the business of the year of this statement ...  35,000 00
Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued  6,334
01
Reinsurance premiums ...................                           8,834
47
Total amount of all liabilities except capital ... ........... $2.29,841L
60
Capital actually paid up in cash ......  .............  $500,(00 00
Surplus over all liabilities ........1.................. 1.393,951 57
Surplus as regards policyholders .......     ......................... 1,893,951
5f
Total liabilities .............................................. $4,188,793
17


RISKS AND PREMIUMS.


G ross
premiums
Fire risks    thereon.


In force on the 31st day of December, as per last
year's statement ...........   ........................ $416,693,300 $4,109,762
00
Written or renewed during the year ....       ...........  255,455,800  2,683,554
65
Total ...............   ........................ $672,149,100 $6,743,316
65
Deduct those expired and marked off as terminated       236,731,500  2,487,160
65
In force at the end of the year .....   ......... $435,417,600 $4,256,156
00
Deduct amount reinsured ......................           30,366,300   283,931
00
Net amount In force ....................... $4,05,051,300 $3,972,225 00