1176                  KEYSTONE MUTUAL FIRE INS. CO.
RECAPITULATION OF' FIRE RISKS AND PREMIUMS.
Gross         a )
Year                                             premiums       a 9    Amount
of
written.         Term.             Amount         charged,     . d      premnium
wlittell.  covered,  less re-  c) Z  unearned.
insurance.     ' a
.1912 ...   One year or less.... - $37,913,311       $356,675 60 1-2    
 $17S,3.7 80
1911 ...... Two years                      46,4Q0         354 90 1-4    
 t      88 72
1912 ...... Two years                      34,575         365 40 3-4    
       274 05
191( ...... Three years                    62,250         572 70 1-6    
        95 45
1911 ....Three years ........ l           439,964       3,779 43 1-2    
     1,889 71
1912 .....Three years .......             313,473       2,547 89 5-6    
     2,123 24
1910 ....Four years .........             517,954       4,388 09 3-8    
     1,645 53
1911 .    J. Four years .                 390,504       3,189 51 5-8    
     1,993 45
I      Totals  ........    $39,718,431    $371,873 52           $186,447
95
BUSINESS IN THE STATE OF WISCONSIN DURING THE YEAR.
Fire.
Gross risks written    ..................                               
  $90,070 00
Gross premiums on risks written ............................            
     $833 97
UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.                                             I
Premiums. I
Total premiums .*----                       $346,325 89 ......      ..  
 ..............
Add unearned premiums Dec. 31, 1911.         172, 502 42 .......        
  ..............
Total .........                       $518,828 31 .....      ...    ..............
Deduct unearned premiums Dec. 31,
1912 ..........        .............       186,447 95 ...............
Premiums earned during 1912 ......... ..............       $332,380 36 .
UNDERWRITING PROFIT AND
LOSS ITEMS.
Loss from agents' balances charged off[ ..........            1,589 90..
Underwriting    income   earned   duringl                              I
1912..1...... 1       -  - 1 1                                          
$330,790 46
I         ~       ~I         I $3094
LOSSES.
Losses   )aid .........          .           $23,327 30 .        .     .
.............
Deduct unpaid losses Dec. 31, 1911 ....        1,416 30 .     ..    .f...
.
Balance ..........$.... 1              $21,911 001 ...........   I
Add unpaid losses Dec. 31,192 .........1 .     2,182 0Sl              .
Losses incurred during 1911 ...........                 1   $24,093 081.
UNDERWRITING EXPENSES. |
Underwriting    expenses   paid   duringj               I               
        .
1912..                                     $ -30, 471 84. *..        I............
Deduct underwriting expenses unpaidl
Dec. 31, 1911 .........                     2,496 431 .      ..    .. ..............
I a.I
Balance  .. . .  . . . . . ..  . .  1  $27, 975   411 .............................
*  @  v  v