1506


GLENS FALLS INS. CO.


Agetill-s' balances representing business written sub-
seqluent to October 1, 1912 .....                      333,837 80
Agents' balances representing business written prior
to October 1, 1912.                                      8,91' 85
Other ledger assets: Cash deposit with Philadelphia
underwriters' association  .100 00
Total ledger assets                    .$5,66 8, 179 67
NON-LEDGER ASSETS.
Ttif crest (iiie, $6,734.62 and accrued, $6,564.31 on mort-
ga ges               .$13, 298 93
tierest accrued on bonds .37,299 75
Tnterest accrued on collateral loans .1,393 513
Rents due oln company's property or lease                    196 00
Total ..                                                          52,188
21
Gross assets .     .................................................. $5,720,367
88
DEDUCT ASSETS NOT ADMITTE D.
Ag-nts' l,.alances, representing business written prior to October 1,
1912  .............................................................    8,919
85
Total admitted assets .........      .............................. $5,711,448
03
LIABILITIES.
'Iros s losses adjllsted and unpaid not yet due ......   $37,638 19
(C'ross claims far losses in process of adjustment or
In suspens,-, plus $15,626; reserve for losses incur-
red prior to December 31, of which no notice had
been reeeived on that date .......     .................  196,380 90
Gross claims for losses resisted ......    ................  26,750 00
T otal .  ..........................................  $260,769 09
Deluct reinsurance due or accrued ......     ............  53,308 09
Not mamount of unpaid losses and claims ......       .............  $207,461
00
Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired fire risks running one
year or less from date of policy, includina interest
premiums on perpetual fire riskq, $1,031,320.42,; un-
earned premiums (fifty per cent) ......      ...........  $515,660 21
Gross npremiums (less reinsurance) received and re-
"'ivable uinon ,ll unoxnired fire ri'sks runnina- more
than one year from date of policy, $3,406,025.39; un-
earned premiums (pro rata) .1,776,373 19
G'ross premiums (less reinsuranee) cash and     bills)
reeeived and receivvhle Upon all unexpired inland
navi-ation jisks, $68,413.40); unearned premiums
(fifty per cent) .............  .......................  34,206 70
Totail un11ear'ned(l premiums, as compnuted above ..... ........... 2,326,240
10
Th'4',ellds dleelured mInd unnnid to stockholders ......1.............  
 (2.1,000 0
aliries, rents, exuenses. bills, accounts, fees, etc., due or accrued   2,000
00
Estimnateod anmounit ho eafter panyble for federal, state and other
taxesq baseod ipon lmnsiiesqs of the year of this statement ......   32,000
00
Poiuslia9noo pTemroihini ..................1........................... 
12,041 26
All othie liabilities: Reserve for contingent on mortgage loans ..     20.000
00
Totail amoumnt of all liabilities except capital ..... .......... $2,724,742
36
COapital actually paid uin in cash ............$ 0........     0 00
Stiplii is over all liabilities ..........................  2,486,705 67
Snruls as  r rega ds policyholders ........    ..........................
2,986, 705 67
Total liabilities ............................................. $5,711,448
03