1204           MICHIGAN     MILLERS MUTUAL FIRE INS. CO.
DEDUCT ASSETS NOT ADMITTED.
Agents' balances, representing' business written prior
to October 1, 1912 ....................................  $1,639 15
Book value of ledger assets over market value:
Bonds ..............................................    4,911 50
Premium notes (net value) ......................... 2,245,047 03
2,251,597 68
Adhnitted assets ............................................. $1,220,489
97
LIABILITIES.
Gross losses adjusted and unpaid, not yet due ........  $17,268 58
Gross claims for losses in process of adjustment or
in suspense, plus $6,818.02 reserve for losses in-
curred prior to December 31, of which no notice had
been received on that date ..........................  38,124 73
Gross claims for losses resisted ......................  2,905 78
Total ....................                        $58,299 09
Deduct reinsurance due or accrued in companies au-
thorized in Wisconsin ..............................  13.934 17
Net amount of unpaid losses and claims.. ...........           $44,364 92
Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired risks running one year
or less from date of policy, $286,715.70; unearned
premiums (fifty per cent) .......    ...................  $143,357 85
Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired risks running more
than one year from date of policy, $612,640.34; un-
earned premiums (pro rata) .........................  318,076 49
Total unearned premiums as computed above ........ .......     461,434 34
Salaries, rents, expenses, bills, accounts, fees. etc., due or accrued. 
1,500 00
E143stimated amount hereafter payable for federal, state and other
taxes based upon the business of the year of this statement ......  13,500
00
All other liabilities:
Guarantee deposits ...............      ......................      129,569
49
Permanent fund .........         ............................       200,000
00
Total amount of all liabilities .$850,368 75
,Surplus .....                                                       370,121
22
Total liabilities and surplus .$1,220,489 97
RISKS AND'PREMHIUMS.
}    Fre.       Tornado.         Total.
In force December 31, 1911............ $75,700,041    $943,809 73 $2,752,407
66
Written or renewed during the year.. |    79,520,1101  749,828 631 1,060,116
68
Excess of original premiums over
amount received for reinsurance .... ..........      94,213 13 .
Total .     .. .        .   ..   $155,220,151 $1,787,851 49 $3,812,524 34
Deduct those expired and marked off
as terminated.1                         67,029,846!   725,912 33  1,033,209
78
In force at the end of the year..J  $88,190,3051 $1,061,939 16! $2,779,314
56
Deduct reinsurance permitted by laws               I
of this state ........................ws  ,511. 181    33,013 63 .
Net amount In force ............   $84,678,9871 $1,028,925 53 $$2,779,314
56
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