STERLING     FIRE INS. CO.                          829
BUSINESS IN THE4 STATE OF WISCONSIN DURING THE YEAR.
I    Fire.     I Tornado.     I    Total.
Gross risks written ................. $1,820,500 001       $31,700 001 $1,852,200
00
Less $219,612    risks  cancelled, and
$72,769  reinsurance   in  companies
authorized in Wisconsin ........... 1      289,881 00!      2,500 00    292,381
00
Net risks written ............. $1,530,619 OOI       $29, Z,00 00° $1,559,819
00
Gross premiums on risks written.. .1         $24,116 41   |   $326 381  
 $24,442 79
Less $2,303.18 return premiums; and
$826.81 premiums for reinsurance in
companies authorized in Wisconsin           3,091 66          38 331    
 3,129 99
Net premiums received ........        $21,024 75!       $288 051    $21,312
80
Losses paid (deducting salvage)      .        $4,000 921 ........       
  $4,000 92
Losses incurred    .....................        130 151 ............. "
   $4,130 15
UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.
Premiums.
Total premiums .....................       $244,560 89
Deduct unpaid     return  and  reinsur-
ance premiums Dec. 31, end of the
Yeary................. ......---...---10, 333 95!.                  ..............
Balance ........................     $234,520 64 4!........
Deduct unearned premiums Dec. 31,1
end of the year .........    ...........  142,399 09 ..............1..............
Premiums earned during the year .. ..............           $92,127 851.
UNDERWRITING PROFIT AND
LOSS ITEMS.
Agents' balances and bills receivable
not admitted    Dec. 31, end of the
year ..........1 ..........                                   634 25.
Underwriting income earned       during
the year ............................  .......   ...........       .    $91,493
60
LOSSES.
Losses  paid  ...... ..  ................ .22.946.I......$22,.946 18.........
Add unpaid losses December 31, end                                    l
of the year .........    '   ........       14,666 79 --1-.-   ...-..-.-
Losses incurred during the year .... ..           .        $37,612 971..............