NORITH   BRITISH    & MERCANTILE INS. CO.                    707
BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.
,, ' f'a
Gross risks written   ...... i   .  ......................................
$2,944,914 00
Less $884,923 risks cancelled, and $576,7100 reinsurance in com-
panies atuthorized in Wisconsin .....................14........... 1IM11623
00
Net risks written ..........       .................................. $1,483,291
00
Gross premiums on risks written .......           .........................
 $20,971 00
Less $3,8V60.95 return premiums, and $3.721.23 premiums for rein-
surance in companies authorized in Wisconsin .................          
7,528 78
Net premiums received .         ........................................
 $13,442 98
Losses paid (deducting salvage) .............        .....................
 $7,254 88
Less losses on risks reinsured in companies authorized in Wiscon-
sill  ...........     .....................................................
  2,644  93
Net losses paid ...........      ....................................  $4,609
95
Losses incurred   ..............    .....................................
 $T7,731 48
Less losses on risks reinsured in companies authorized in Wiscon-
sin .                                                                   
3,197 93
Net losses incurred ...........     ...............................  $4,533
5-5
UNDERWRITING        AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.
Premiums.                I
Total premiums .............       .       $564,702 65..             ..........
Add uiiearned premiums Dec. 31, 1911!       530,033 111 ........-...-.-I.....-.-1.-.
.1         -  - I             I
Total ...                        1$1, 094,735 761 ............   |   .
Deduct unearned premiums Dec. 31,                     I
1912             ......                   508,474 791 ............. ........
Premiums earned during 1912.............. I        $586,260 971
UNDERWRITING PROFIT AND
LOSS ITEMS.              1                            1
Loss from   agents' balances charged1
off ..............................            $26 00.1.   -      -  --  
  --
Agents' balances and bills             1
receivable not admitted                                           I
Dec.  31, 1911   .$4179                 ............................ ..............
Agents' balances and bills                                          1
receivable not admitted                             I
Dec. 31, 1912 ...........     8,201 641 ......                     .    .
   .
Loss from   above ..     ..    ..             4,022 081 ......................
Loss from    underwriting   profit and!                             I
loss items ........ 1.                                    4.048 081.
Underwriting   income earned    duringl               I              i
1912 ...                              .............. I...........     $582,212
89
I            . I             5