548                       II UMBOLDT FIRE INS. CO.
BUSINESS IN THE STATE OF WISCONSIN DUJEING                 THE YEAR.
Fire.
Gross risks written .................                        ....... $1,983,614
00
Less $324,625.00 risks cancelled, and $194,590.00 reinsurance in com-
panies authorized in Wisconsin .......        ..........................
 519,215 00
Net risks written ...........     ................................. $1,464,399
00
Gross premiums on risks written ................................        $23,075
93
Less $2,791.61 return premiums, and $2,591.01 premiums for rein-
surance in companies authorized in Wisconsin ...................       5,382
62
Net premiums received ........        ...............................  $17,693
31
Losses paid (deducting salvage) ................   ... ..............   $2,060
79
Less losses on risks reinsured in companies authorized in Wiscon-
sin ...............................................................     
  66 61
Net losses paid ............     ..................................  $1,994
18
Net losses incurred .............    ..............................  $2,525
39
UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.
Premiums.
Total premiums .......................    $730,928 47 .......           
.......
Add unearned premiums Dec. 31 ofI
previous year ...........       .        702,189 94j ..........................
Total ....        ......          $1,433,118 41 .
Deduct unearned premiums Dec. 31,1
end of the year .....................   760,372 851 ........       I
Premiums earned during the year ..................I 1   $672,745 561
UNDERWRITING PROFIT AND                                           I
LOSS ITEMS.
Gain from    agents' balances previously
charged off .........................       $271 101..............I
Loss from    agents' balances charged off    1,317 151 ......        I
Loss from above ............                          . $1,046 0.5!.*----.......
Agents' balances and bills
receivable not admitted
Dec. 31, 1911 I...........  $5,519 79 ......        .         l
Agents' balances and bills
receivable not admitted                                          l
Dec.   31,  end   of   the   year.  4,119   90  ............................
..............
Gain from    above ..   ............... j    1,399 89. .
Gain    from   underwriting   profit andi
loss items ..................    ...   ..........         353    841.
Underwriting     income earned    duringI
the   year  ............................ I..............   ...  ...........
 $673,099   40