[532  MUT. COS. MAINTAINING UNEARNED PREMIUM RESERVE.


BUSINESS IN WISCIONSIN.DURING 1912.
Fire.
Gross risks written .................................$1,614,040 00
Less risks cancelled .14,70 00
Net risks written .$1,599,340 00
Gross premiums on risks written.$20,307 41
Less return premiums .339 94
Net premiums received ...............................      ....     $19,967
47
Losses paid (deducting salvage)......                                   
   $,814 2
Losses incurred ..                                                      
   $9,814 22
UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.
Premiums.
Total premiums ..........      ........      $19,967 47.
Add unearned premiums Dec. 31, 1911           21,056 68.
Total .     ....                       $41,024 15| ..   ...... .............
Deduct unearned     premiums Dec. 31,.
1912 .                                      21,611 26j              . .2
  ..............
Premiums earned during 1912. | I I $1 8
Losses.                                                    $        8
Losses paid ...................               $8,814 221 ..........     
 ..............
Add unpaid losses Dec. 31, 1912 .......        1,00o 001 ............. .-.-..
Losses incurred during 1911.....$9,814 22..............
Underwriting Expenses.           I
Underwriting expenses paid during
1912             .....................                      8,544 94 .
Underwriting losses and expenses....1..............1..............      
   18,359 16
Gain from   underwriting during 1912.| .............. ..............    
   $1,053 73
INVESTMENT EXHIBIT.
Interest and Rents.
Interest, dividends and rents received
during the year ..............             $10,287 30 .............. ..............
Deduct interest, dividends and rentsj          3
accrued Dec. 31, 1911 ...............1       3,243 13
Balance .........................      $7,044 171:.
Add interest, dividends and rents ac-
crued Dec. 31, 1912             ...................  3,889 91..............
..............
Total ...........................       .       ... I . .. ........ .....
1,940
Total                                              ~~~~~~~~~~~~~~$10,934
08
Investment Expenses.
Investment expenses paid during 1912 ...............      1...........  
     ,099 49
Gain from investments during 1912                                  .....
    $9,934 59