FIRE ASSOCIATION OF PHILADELPHIA.                       433
IDEDUCT ASSETS NOT ADMITTED.
Company's stock owned ...................               $10,850 00
Agents' balances, representing business written prior
to October 1, 1912 .....                                . 643 17
Book value of ledger assets over market value:
Real estate .    .......................................  2,807 04
Bonds ahd stock ....................................   24,555 53
38,855 74
Total admitted assets ........................................ $9,091,141
11
LIABILITIES.
sn--
Gross losses adjusted and unpaid, not yet due .........  $104,256 80
Gross claims for losses in process of adjustment or in
suspense, plus $30,000; reserve for losses incurred
prior to December 31, of which no notice had been
received on that date.... ..-.........................  267,950 16
Gross claims for losses resisted .......................  42,554 57
Total .    .........................................  $414,761 53
Deduct reinsurance due or accrued ....................   59,616 25
Net amount of unpaid losses and claims .....................  $355,145 28
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, $2,604,481.11; un-
earned premiums (fifty per cent) ......    ............ $1,302,240 56
Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired fire risks running more
than one year from date of policy, $4,687,445.73; un-
earned premiums (pro rata) ........................ 2,473,969 95
Total unearned premiums as computed above ................. 3,776,210 51
Amount reclaimable by the insured on perpetual fire insurance pol-
icies, being 90 and 95 per cent of the premium or deposit received  1,574,187
52
Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued..
 3,130 54
Estimated amount hereafter payable for federal, state and other
taxes based upon business of the year of thi sstatement ..........  30,000
00
Reinsurance premiums ............       ................................
 12,203 96
Total amount of all liabilities except capital .......       $5,750,877 81
Capital actually paid up in cash .......$75..............  $ 750 000 00
Surplus over all liabilities ............................. 2,590,263 30
Surplus as regards policyholders ................................... 3,340,263
30
Total liabilities ............................................... $9,091,141
11
RISKS AND PREMIUMS.
Gross
Fire          premiums
risks,         thereon.
In force on the 31st day of December, 1911 ........ $846,4501,532  $7,898,224
10
Written or renewed during the year ................  512,631,157   5,878,230
00
Total ..                                     $1,359,081,689 $13,776,454 10
Deduct those expired and  marked off as terminated   596,436,676    5,735,173
02
In forec at the end of the year .$762,645,013                $8,041,281 08
Deduct amount reinsured .65,221,799                                  749,354
24
Net amount in force.                           697,423,214   $7,291,926 84
Perpetual risks, not included above, $75,966,421., Deposit premiums on same,
$1,722,894.16.