980              NORTH     BRITISH    & MERCANTILE INS. CO.
BUSINESS IN      THE STATE OF WISCONSIN DUITRING             THE', YEAR11>.
Fire.
Gxross risks written ..................                   1............ 
$7, 07 4,61 00
Less $3,200,219.00 risks cancelled, and $1,096,420.00 reinsurance in
comtlpanies authorized    i   Wic  in......            ..             4,806,
09 00
Net risks written.                                              $12,1 8,
012 00
Gr oss    mlninms  on  risks  written ................................. 
> 5    Is 13 ) 57
Less $18,804.27 return lprelillins, i(1 $9,9,4-19.84 premiums for re-
ilsIn-tInce ill COfl)lalies authorized in Wisconsin        .,754 II.
Net premiums received. ..$129, 370 -1 (;
Losses paid (deducting salvage) ...............................         
$ .    7..  $8,3   10
Less losses on risks reinsured in comI)anies authorized in Wis-
con sin  ........ .  8..9............................................   
10 ,890   44
Net losses paid .$47,410 o;6
Losses inc1rred .$58,422 61
Less losses on risks reinsured in companies authorized in Wis-
(onlsin  ...............1... ......................................     
1,63(0 44
Net losses   icured ...............................                     7
.........  $47,9   17
UNDERWRITING- AND          INVESTMWENT EXI-IIBIT.


[TNDERTXVWRITING EXHIBIT.     I


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Premiums.
Total  premiumns, $4,889,746.12, lessi            j
$0)82.43 ......................      1 $4,888,703 991.
Add uneairned premiums DIec. 31, 1911,
$3,5,852.17, reclaimable on perpetual
insurance  ......................     4,927,328 67 .
Total ...               ....... 1 $9,816,092 661 .
D)educt unearned  premiums Dec. 31,1               1
1912, $37,954.32, reclaimable on per-I           I
petual insurance ...................  5,018,943 891.
Premiums earned during 1912 ......................I $4,797,148 77


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UNDERWRITING PROFIT AND
LOSS ITEMS.


(Gain from agents' balances previously 4           I
charged off .......           ..1           $69 451 ......  j.
Loss from   agents' balances charged                          -      .
off .                                      494 311 ....          ..............
Loss from above ........                    $424 861 .....        1
Agents' balances and bills .....
receivable not admitted                          r
Dec. 31, 1911 ............ $20,297 481 .........   j           I