NATIONAL LUMBER INS. CO.                                663
BUSINESS IN THE S'i kTE OF WISCONSIN DURING THE YEAR.
Fire.
Gross risks written .....................................$ 685,474 00
Less $195,466.00 risks cancelled, and $15,500.00 reinsurance in com-
panies authorized in Wisconsin .210,966 00
Net risks written .$474,508 00
Gross premiums on risks written.                                        
   $8,949 54
Less $1,902.44 return premiums, and $321.94 premiums for reinsur-
ance in companies authorized in Wisconsin .2,224 38
Net premiums received .$6,725 16
Losses paid (deducting salvage) .$1,951 69
Net losses incurred .$2,564 67
UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT. I
Premiums.
Total premiums ..         ..............    $236,393 71..............
Add unpaid     return and   reinsurancel
premiums Dec. 31 of previous year.!          1,075 59 .
Total   ............  .............. |  $237,469 301 .........  . ..-........
Deduct unpaid return and reinsurancel
premiums Dec. 31, end of the year..1         3,544 06 ......     .. ..............
Balance   ........................    $233,925 24 ......      .. ..............
Add unearned     premiums Dec. 31 ofj
previous year ...........        .         128,060 28! .........      ..............
Total ...........          .          $361,985 52 ........     . ..............
Deduct unearned     premiums Dec. 31,1
end of the year ...............            133,913 53 .............. ..............
Premiums earned during the year.... .     .............    $228,071 99 .
UNDERWRITING PROFIT AND
LOSS ITEMS.                 I
Gain from   other underwriting income!           $14 75!.
Loss from    agents' balances charged!                                I
off ..     .     .                              124 99 ......         ..............
Loss from   above   .     ..........    -       $110 241 .............. ..............
Agents' balances and bills
receivable not admitted
Dec. 31, 1911 .....     .     ....... $607  02  ................ ..............
 .......... .........
Agents' balances and bills.
receivable not admitted                I.
Dec. 31, end of the year        837 5 ...             .............. ...........
00
56!.                          I