414                          FEDERAL INS. CO.
DEDUCT ASSETS NOT ADMITTED.
Agents' balances, representing business written prior
to October 1, 1912 ..................................  $37,498 97
Bills receivable, past due, taken for marine, inland
and fire risks .........           ......                 50 00
Book value of ledger assets over market vau.........    93,864 20
131,413 17
Total admitted assets ...... ................................. $3,273,123
80
LIABILITIES.
Gross losses adjusted and unpaid .....     .............  $24,147 17
(Aloss claims for losses in process of adjustment or
in suspense, plus $9,5I00.00; reserve for losses in-
clurred prior to December 31, of which no notice
had been received on that date .......   .............  672,253 00
Deduct reinsurance due or accrued ....................  327.253 00
Total .....................  ....................  $696,00 17
Net amount of unpaid losses and claims .....................  $369,147 17
Gross premiums (less reinsurance) (cash and bills)
received and receivable upon all unexpired inland
navigation risks, $941,488.29; unearned premiums
(fifty per cent) ....... ...........$...........  W.. ...  $470,744 15
Gross premiums (less reinsurance) (cash and bills)
received and receivable upon all unexpired marine
risks, $223,739.18; unearned premiums ..............  144,441 20
Total unearned premiums as computed above .......             615,185 35
Dividends declared and unpaid to stockholders ....................  50,000
00
Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued .
 3,070 20
1Estimated amount hereafter payable for federal, state and other
taxes based upon business of the year of this statement ..........  43,000
00
Commissions, brokerage and other charges due or to become due
to agents and brokers ..........       ..................2........  82,785
23
Return premiums, $519.45; reinsurance premiums, $'121,022.74.      121,542
1 9
Total amount of all liabilities except capital ................. $1,284,730
14
Capital actually paid up in cash ...................... $1,000,000 00
Surplus over all liabilities ...........................  988,393 66
Suirplus as regards policyholders................................  1,988,393
6(6
Total liabilities .............................................. $3,273,123
80
RISKS AND PREMIUMS.
Gross
Marine and      premiums
Inland risks.     thereon.
In force on the 31st day of December .............. $191,325,369  $1,663,598
22
Written or renewed during the year ................ 1,433,943,337  3,726,474
82
Total ..                                    1,625,268,706 $5,390,073 01
Deduct those expired and marked off as terminated 1,423,436,167   3,605,856
02
In force at the end of the year ............... $201,832,539  $1,784,217
02
Deduiet amount reinsured .......................    83,043,480      618,989
5 5
Net amount in force .......................... $118,789,059  $1,165,227 47