1172          INDIANA LUMBERMENS MUTUAL INS. Co.
RECAPITULATION OF FIRE RISKS AND PREMIUMS.
Gross
Year         Term.          Amount     premiums          Amount of
written. I                   covered.     4es              premium
I                       ~~~~~~~~~insurance.  unaed
1912 .      1 One year or less..  $13,637,1971 $291,921 291 1-2 1 $145,960
64
BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.
Gross risks written........................................  $361,650 00
Less $41,900 risks cancelled . . . ...41,900 00.
Net risks written.................................   ------$319,750 00
Gross premiums on risks written ...........447.93
Less $751.49 return premiums and $2,136.35 dividends to polic$7447
ers in this state .       .        .       .        .        2,887 84
Net premiums received ..                  .  .   .       $4,560 09
Losses paid (deducting salvage) .....                          $180 78
Losses incurred .....                                          $180 78
UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.
Premiums.
Total premiums ......................  $296,991 791 .........   .
Add unearned premiums Dec. 31, 1911.  127,0099 8179.............. .............
Total ......  .                $423,993 37 .  ......................
Deduct unearned premiums Dec. 31'
191.2 ................................ '145,960 64 .......
Premiums earned during 1912 .........  .............. ..... ...  $278,032
73
LOSSES.
Losses paid .                      $104,805 0.l..............
Deduct unpaid losses Dec. 31, 1911....!  9,365 001..............
Balance ...........I            $95,440 01!. ..............
Add unpaid losses Dec. 31, 1912 ...................... 7,485
Losses incurred during 1911 .........................  $102,925 011
UNDERWRITING EXPENSES.        I
Underwriting expenses paid during1
1912 ..                            $44,690 88! ........ l.
Deduct underwriting expenses unpaid!         I
Dec. 31, 1911 .............. .       2,259 001....O.......................
Balance . ........              $42,431 88.............. ..............
Add underwriting expenses unpaid!
Dee. 31, 1912 .................      3,462 001 ...... .  .............
1           !