MICHIGAN     COMMERCIAL INS. CO.                       619
LIABILITIES.
Gross losses adjusted and unpaid, not yet due ........   $19,463 44
Gross claims for losses in process of adjustment or
in suspense, plus $10,615.33 reserve for losses in-
curred prior to December 31, of which no notice had
been received on that date ..........................   48,614 77
Gross claims, for losses resisted .......................  11,963 43
Total.~~~~~~~~~~$80,041 64
Total ...............................................  45,405 134
Deduct reinsurance due or accrued ..................      45,405  4
Net amount of unpaid losses and claims .$.34,686 3.(
Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired fire risks running one
year or less from date of policy, including interest
premiums on perpetual fire risks, $430,898.08; un-
earned premiums (fifty per cent) ...................  $215,449 04
Gross premiums (less reinsurance) received and re-
ceivable upon all nnexpoired fire risks riunuiun( more
than one year from   date of policy, $54,940.92; un-
earned premiums (pro rata) ..........      .............  39,588 59
Gross premiums     (less reinsurance) (cash and bills'
received and receivable upon all unexpired inland
navigation risks, all short term 100 per cent of re-
serve ...............................................       112 10
Gross premiums (less reinsurance) (cash and bills)
received and receivable Upon all unexpired marine
risks, $1,878.78: unearned premiums (50 per cent)
continuous passage business .......................        939 39
Total unearned premiums as computed above.                        256,089
12
Salaries, rents, expenses. bills, accounts, fees, ete., diue or acerued 
3,000 00
Estimated amount hereafter payable for federal. state and other
taxes based upon business of the year of this statement .........      7,600
00
Commissions, brokeragee and other charges 'due or to become due
to agents and brokers .............................................    4.800
00
Total amount of all liabilities except capital .................  $306,125
42
Capital actually paid un in cash ......................  $400,000 00
Surplus over all liabilities ...........................!. 156.093 86
St~rrp is as regards policyholders ..........    .......................
 556,093 86
Total liabilities ..............................................  $862,219
28
RISKS AND PREMIUMS.
Gross        Mnrine         Gross
Fire risks.   premiums       and inland    premiums
thiereon.       risks .      cher eon.
In force on the 31st dayl
of Decepnber, 1911 ...!  $148,375,7481 $1,695,863 571  $3,352,664!  $96,969
69
Written    or   renewed!
during the year ......    92,020,3651 1,064,400 901    4,118,7221   110,810
55
I~~           I             I_            I
Total ............I $240,396,1131 $2,760,264 471   $7,471,3861  $207,780
24
Deduct those    expired! l
and marked off as ter-!
minated .....          1  105,667,8751 1,251,272 851   4,929,871!   135,740
59
In  force  at thel              !             I
end of the year! $134,728,2381 $1,508,991 621   $2,541,5151    $72,039 65
Deduet   amount    rein-!             I             I
sured   .     .        1  93,469,6991 1,023,152 621    2, 493,4651   70,048
77
Net   amount    in!                    I             I
force .....$...1   $41,258,5391   $485,839 O0j      $48,050! tl    99p  8