ROYAL INS. CO.                              1023
BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.
Marine
Fire.      and inland.    Tornado.        Total.
Gross risks written w... |$18,537,972 001  $304,077 001 $1,054,090 00l$19,896,139
00
Less $3,654,598.00 risks
cancelled,         and               I             I             I
$1,454,581.00  reinsur-              I
ance in companies au-
thorized  in  Wiscon-               I
sin ................... - 4,652,310 00!   52,450 001    404,419 001 5,109,179
00
Net risks written $13,885,662 0°0   $251,627 00   $649,671 00$14,786,960
0
Gross    premiums     on i l
risks written..           $198,916 321    $7,063 381    $6,104 511   $212,084
21.
Less   $28,779.80  return!             I             I
premiums,          andl.             I             I             1
$7,989.42 premiums for!                            I
reinsurance in compa.-               i
nies   authorized   in!
Wisconsin ...........       33,851 241       965 041      1,952 941    36,769
22
Net premiums re-!                              I
ceived     .     1  $165,065 081    $6,098 341     $4,151 57   $175,314 99
Losses paid (deductingj               I              I
salvage) .............     $71,303 471    $1,451 611      $259 601    $73,014
68
Less losses on risks re-
insured in companies
authorized in Wiscon-
sill ...................     3,401 30 ........................          3,401
30
Net losses paid....    $67,902 17     $1,451 61!       $259 60    $69,613
38
Losses incurred .......      $76,018 161    $1,491 61       $224 601    $77,734
37
Less losses on risks re-I              I
insured in companies
authorized in Wiscon-                                            I
sin .................. I     3,407 30!..                                3,407
30
*                ~       ~      ~      ~      ~~      ~     ~~~        ~~~~~~~I
 1  I_   I _
Net    losses   in-I             I
curred..             $72,610 86     $1,491 611       $224 60    $74,327 07
UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.                                          I
Premiums.                              I
Total   premiums    $8,562,255.82,  less!            I
$3,621.40 .......      ..........     $8,558,634 42.                  ............
Add unpaid retuirn and reinsurance                                .
premiums Dec. 31, 1911   .    ........   158,016 06! ........
Total.I $8,716,650 48.1
Dedu ct unpaid   return  and   rein.sur- u
ance premiums Dec. 31, 1912 ........      47.470 00 1.             '.
Balance .....                     $8,669,180 481 .
Add unearned premiums Dec. 31, 1911,
and $91,655.92 reclaimable on perpet-
ual insurance ...........       I       7,592,618 02 ........     ....
Total .      ... 1$16,261,798 50! ...............
Deduct unearned premiums Dec. 31,1                   1
1912, and $88,575.95 reclaimable on
perpetual insurance ............ ...    8,343,620 551 .............. ........
Premiums earned durin.- 1912 .      .......................I $7,918,177 951
............