CENTRAL MANUFACTURERS MUT. FIRE INS. CO.


1147


BUSINESS IN THE' STATE OF WISCIONSIN DURING THE YEAR.
Fire.
Gross risks written .......................................            $1,426,223
00
Less risks cancelled ...............................................    
 .251,180 (0
Net. risks written .1,175,043 00
Gross premiums on risks written.                                        
 419,327 38
Less return premiums.                                                   
    2,144 01
Net premiums received .$17,183 37
Losses paid (deducting salvage)                    .$13,276 11
Net losses incurred .$13,782 57
UNDERWRITING AND INVESTMENT EXHIBIT.




UNDERWRITING EXHIBIT.
Premiums.                                         i
Total premiums       .................  $388,549 67 .........** -- . e*.
Add unearned premiums Dec. 31, 19111    186,791   .      ........
Total .                           $575,340 94.            ..............
Deduct unearned premiums Dec. 31,1                            .
1912 .                                 201,579 211 .
Premiums earned during 1912 ....... ..............   $373,761 731.
UNDERWRITING PROFIT AND
LOSS ITEMS.
Loss from  agents' balances charged
off  .. . . . . . . .  . . . . . . . .. . . .         1,732  1  ..............
Underwriting income earned duringl
1912 .............. $372,029 57
LOSSES.
Losses paid ........$191,054 20.
Deduct unpaid losses Dec. 31, 1911 ...1  19,696 601 .............
Balance ........ t                 $171,357 61...............
Add unpaid losses Dec. 31, 1912 ... .1 I  22,177 47
Losses incurred during 1911 ........ ..............  $193,535 07'.
UNDERWRITING EXPENSES.
Underwriting expenses paid duringi
1912 . ..........:... .   .........    $98,441 25 .
Deduct underwriting expenses unpaid
Dec. 31, 1911 .............             7,480 50 .
Balance ......-.-.       l         $90,960 75
Add underwriting    expenses unpaid       2
Dec. 31, 1912 ..........               12,499 91.
Underwriting expenses incurred dur-
ing 1912 .....................                       103,460 66 .
Underwriting losses and expenses ... .............. ...............  296,995
73
Gain from  underwriting during 1912 .............. 7........       57,033
84