700


NIAGARA FIRE INS. CO.


LIABILITIES.
Gross losses adjusted and unpaid, not yet due........
Gross claims for losses ill process of adjustment or in
suspense, plus $17,374; reserve for losses incurred
prior to Dec. 31, of which no notice had been re-


$13,084 94


ceiveu on that ............. .........................  271,049 41
Gross claims for losses resisted ......................  34,716 21
Total .....................                      $318,850 56
Deduct reinsurance due or accrued ....................  77,660 29
Net amount of unpaid losses and claims......................
Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired fire risks running one
year or less from date of Dolicy, including interest
premiums on perpetual fire risks, $2,333,6'i8.07; un-
earned premiums (fifty per cent) ................... $1,166,839 03
Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired fire risks running more
than one year from date of policy, $3,931,485.70; un-
earned premiums (pro rata) .2,088,279 54


$241, 190 27


Total unearned premiums as computed above ......... ....... 3,255,118 57
Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued. 
 10,770 60
Estimated amount hereafter payable for federal, state and other
taxes based upon business of the year of this statement ..........     50,000
00
Commissions, brokerage and other charges due or to become due to
agents and brokers ...............     ................................ 
3,000 00
Reinsurance premiums ...............      ...............................
 42,606 28
Total amount of all liabilities except capital .................. $3,602,685
72
Capital actually paid up in cash .................... $1,000,000        ,0
Surplus over all liabilities ........  ....................  2,378,703 44
Surplus as regards policyholders ........       ...........................
 3,378,703 44
Total liabilities ...........     .................................. $6,981,389
16


RISKS AND PREMIUMS.
Fire
risks.
In force on the 31st day of December, 1911 ......... $638,829,564
Written or renewed during the year ...............   432,474,000
Total .   ........................................ $1,071,303,564
Deduct those expired and marked off as terminated     399,741,860
In force at the end of the year .............. $671,561,704
Deduct amount reinsured .......       ..................  63,087,015
Net amount in force .......................... $608,474,689


Gross
premiums
thereon.
$6,546,369 52
4,704,531 67
$11,250,901 19
4,432,849 45
$6,818,051 74
552,887 97
$6,265,163 77