918


FRANKONA REINSURANCE CO.


LEDGER ASSETS.
Book value of bonds .2...................               $2,495 63
Deposits in trust companies and banks on interest         22,886 65
Agents' balacees representing business written sub-
sequent to October 1, 1912 ......    ...................  7,604 63
Cash in hands of trustees .......     .....................  21,154 28
Total ledger assets .      ...........................................  8111
19
NON-LEDGER ASSETS.
Interest accrued on bonds ........        ................................
 7,520 83
Gross  assets  ...........  .......................................  $588,662
 0(2
DEDUCT ASSETS NOT ADMITTED.
Book value of ledger assets over market value .....      ................
 4,995 63
Total ,admitted assets ........      ...............................  $583,000
39
LIABILITIES.
Gross losses adjusted and unpaid, not yet due .................. ..   $17,774
15
Gross premiums (less reinsurance) received and re-
veivak)le upon all unexpired fire risks running one
year or less from date of policy, including interest
premiums on perpetual fite risks, $163,908.4;); un-
earned premiums (fifty per cent) .....     .............  $81,954 23
Gross premiums (less reinsurance) received and re-
(evaole upon all unexpired fire risks running more
than one year from date of policy, $147,792.10; un-
earned premiums (pro rata) ......       .................  81,251 17
T'otal unearned premiums as computed above ....        ..........  163,205
40
All other liabilities: Special reserve ......    .......................
 30,0110 00
Trotal amount of all liabilities except capital .$2.10,979 565
Statutory deposit ........         ................    $200, 000 C
Surplus over all liabilities ........................    172,686 84
Surplus as regards policyholders .......       ...........................
 372,080 84
Total liabilities ..............,.,..................... $583,000 39
RISKS AND PREMIUMS.
Gross
premiums
Fire risks.    thereon.
In force on the 31st of December, 1911 ......  ........  $2}0,930,081  $243,470
17
Written or renewed during the yea    .....   ............  2,758,850    4,1
   9)
Excess of original premiums over amount received
for reinsurance      .....................................           21,633
15
Total ................   .....................$...  $47,694,931  $559,282
22
Deduct those expired and marked off as terminated..      21,435,693   247,581
67
In force at the end of the year ................  $26,259,238   $311,700
55