274                         AMERICAN     INS. CO.
NON-LEDGER ASSETS.
Interest due, $2,635.25 and accrued, $21,347.0t on mort-
ntages .23,982 26
Interest accrued on bonds .60,908 51
Rents due on company's property or lease ...........         34 45
Total .......................................................  84,925 22
Gross assets .......................       .. i ...     .       .. $10,080,708
39
DLDUCT ASSETS NOT ADMITTED.
Agents' balances representing business written prior
to October 1, 1912 ...........  .  .   .......  ....   $1,471 45
Bills receivable, past due, taken for marine, inland         -
and fire risks ................. ......................  44,550 93
Ilook value of stocks and bonds below book value:
Market value of stocks and bonds below book value     168,511 44
-__________ -    214,533 82
Total admitted assets ..................e............ $9,)866,174 57
LIABILITIES.
Gross claims for losses in process of adjustment or
in suspense, plus $20,1000.00  reserve for losses in-
curred prior to Dec. 31, of which no notice had
been received on that date .......    .................  $454,082 69
Gross claims for losses resisted ......................   29,450 00
Total ............                             $483,532 69
Deduct reinsurance due or accrued8.9,083 40
Net amount of unpaid losses and claims .$394,449 29
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. $1,016,412.20; un-
earned premiums (fifty per cent) .....     ............  $808,206 10
Gross premiums (less reinsurance) received and re-
ceivable on all unexpired fire risks running more
than one year from date of policy, $7,454,719.32; un-
earned premiums (pro rata) ......      ................ 3,954,506 75
Gross premiums (less reinsurance) (casb and bills)
received and receivable upon all unexpired inland
navigation risks, $35,228.77; unearned premiums
(fifty per cent) ...........  .........................  17,614 38
Total unearned premiums as computed above ............. 4,780,327 23
Dividends declared and unpaid to stockholders $70,0.00; to pol-
icyholders. $111.00 ............   ...................................  70,111
00
Salaries. rents, expenses, bills, accounts, fees, etc.. due or accrued,
estimated  .    ......................................................  2,5100
00
Estimated amount hereafter payable for federal., state and other
taxes based upon business of the year of this statement ........    40,000
00
Commissions, brokerage and other charges due or to become due
to agents and brokers ............................,,,,,,,.......   143,684
53
Total amount of all liabilities except capital ..... ......... $5,431,072
05
Special reserve fund-see chapter 258, laws of 1908,
state of New Jersey ................................                300,000
00
Capital actually paid up In cash ...........          $1,000,000 00
Surplus over all liabilities          .       .      , 3,x135,102 52
Surplus as regards policyholders .......        ..........................
4,135,102 52
Total liabilities ................ ................     .. $9,866,174 57