ROYAL EXCHANGE ASSURANCE CO,


1015


LIABILITIES.
Gross losses adjusted and unpaid, not yet due            $700 00
Gross claims for losses in process of adjustment or in
suspense, plus $15,861, reserve for losses incurred
prior to Dec. 31, of which no notice had been re-
ceived on that date .261,538 50
-Gross claims for losses resisted.......................  55,638 00
Total .$317,876 50
Deduct reinsurance due or accrued .84,667 20
Net amount of unpaid losses and claims                       $233,209 .?30
Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired fire risks running one
year or less from date of policy. inelclliz interest
premiums on perpetual fire risks, $962,662.76; un-
earned premiums (fifty per cent)        .$ 481,331 38
Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired fire risks running more
than one year from date of policy, $1,719,890.40; un-
earned premiums (pro rata)' ........................  922,682 64
Gross premiums (less reinsurance) (cash and bills)
received and receivable upon all unexpired inland
navigation risks, $149,628.16; unearned premiums
(fifty per cent) .....................   ..............  74,814 08
Gross premr~iums (less reinsurance) (casl and bills)
received and receivable upon all unexpired marine
risks, $53,942.42; unearned premiums (pro rata) ....  30,169 75
Total unearned premiums as computed above .1,508,997 55
'Salaries. rents, expenses. bills, fees. et(., due or accrued .2,434 94
Estimated amount hereafter nayable for federal, state and other
. taxes based upon business of the year of this statement .38,204 09
Commissions, brokerage and other charges due or to become due to
agents and brokers .6,052 50
Return premiums, $9,000; reinsurance premiums, $33,766.34 .42,766 34
Total amount of all liabilities except capital................. $1,831,665
02
-Statutory deposit ..........     ................    $200.000 00
Surplus over all liabilities ..........................  706,768 06
'Surplus as regards policyholders ........    ......................... 
906,768 06
Total liabilities .......$ 2.738,433 08
RISKS AND PREMIUMS.


In force on the 31st day
of December, 1911 ...I
Written or renewed dur-1
ing the year .........
Total .....1
'Deduct those expired!
and marked off as ter-!
minated   .......    . I
I-
In force at the endl
of the year...!
Deduct    aimzunt   rein-
surecd .........      I
1-
Net   amount    in!
force ...


elsPremiu ms   Marine       Premiums
Fire risks.    Phremium      and Inland     Phremium
thereon .       risks.        thereon.
$317,320,609 $3,234,419 561    $5,412,225     $73,511 66
248,624,568!  2,531,311 591  143,494.4791    709,887 19
$565,945,1771 $5,765,731 151 $148,906,734     783,3989 85
I~       ~~~~~~ I
223,800,8621  2,358.049 951  134,492,3871    457,400 95)
$342,144,3151 $3, 407, 681 201  $1-4,414,3471  $325,997 90
77,470,671!    725,128 041    4,267,7191  122,427 33
$264,673,6441 $2,682,553 161  $10,146,628!   $203,570 57


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