I5() 3   lMUT. COS. MAINTAINING UNEARNED PREMIUM RESERVE.


GERMANTOWN FARMERS MUTUAL INSURANCE
COMPANY,
South Germantown, Wiseonsin.
President, GEORGE KLEIPPEL.             Secretary, J. A. SCHWALBACH.
Treasurer, FRANK SCHMELING.
[Incorporated 1854. Commenced business 1854.]
BALANCE SHEET.
Amount of ledger assets December 31 of previous year ............ $237,307
92
INCOME.


Gross premiums ...........        ...............I........   $20,307 41
l)educt gross amount paid for-return premiums ......             339 94
Total premiums .............................................
Gross interest on mortgage loans ............$..........    $10,094 57
Gllross interest on deposits in trust companies and
banks ...............................................          199 73
Total gross interest and rents .............................-


19,967 47


10, 287 30


Total income .     ................................................  $30,254
77
Total footings ............                              -$267,562 69
DISBURSEMENTS.
Gross amount paid policyholders for losses ........................     $
8,814 22
C-ommissions and brokerage ........         ...............................
 4,229 83
Salaries, fees and all other charges of officers, directors, trustees
and home office employes .......................                        3,557
00
Fire department, fire patrol and salvage corps assessments, fees,
taxes and expenses ...........       ...................................
  276 67
Taxes on real estate .................                                  
    99 49
State taxes-on premiums .........                                       
   396 08
Insurance department licenses and fees.66 00
All other licenses, fees and taxes: Fire marshal tax ..............     
    74 26
Other disbursements: General expenses ...........................       
   945 10
Total disbursements .........       ..................................  $18,458
65
Balance .       ................................................  $249,104
04
LEDGER ASSETS.
Book value of real estate .............................$ 11,118 00
Mlortgage loans on real estate, first liens ............  224,960 00
Cash in company's office .................... $4,066 76
Deposits in trust companies and banks on
interest .  ..................................  6,687 92
10,754 68
Agents' balances representing business written subse-
quent to October 1, 1912 ............................     1,452 38
Agents' balances representing business written prior
to October 1, 1912 ..........1..................             197 78
Other ledger assets: Office furniture and fixtures...         621 20
Total ledger assets .......................................... $249,104 04