420                     FEDERAL UNION INS. CO.
LIABILITIES.
Gross claims for losses in process of adjustment or
in suspense, plus $500.00, reserve for losses incurred
prior to December 31, of which no notice had been
received on that date ...............................  $24,278 64
Deduct reinsurance due or accrued ...................   1,058 70
Net amount of unpaid losses and claims.....................  $23,21'9 94
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, $50,263.20; un-
earned premiums (fifty per cent) ...                $25,131 60
Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired fire risks running more
than one year from date of policy, $25,851.02; un-
earned premiums (pro rata) ........................  15,500 50
Gross premiums (less reinsurance) (cash and bills)
received and receivable upon all unexpired inland
navigation risks, $39,344.32; unearned premiums
(fifty   per  cent)  ........... .........................  19,672  16
Total unearned premiums as computed above.           \        0,304 26
Estimatett amount hereafter payable for federal, state and other
taxes based upon business of the year of this statement ..........  1,500
00
Commissions, brokerage and other charges due or to become due
to agents and brokers .........      .................................  300
00
Total amount of all liabilities except capital.     .        $85,324 20
Capital actually paid up in cash ................    $100,000 00
Surplus over all liabilities .............................  46,591 83
Surplus as regards policyholders ............................... I .... 
146,591 83
Total liabilities ............................................... $231,916
03
RISKS AND PrEMIUMS.
Gross    Marine and    Gross
Fire risks. premiums     inland    premiums
thereon.     risks.    thereon.
In force on the 31st day of De-|
cernber, 1911 ...............1 $7,07S,9951 $87,265 531 $1,325,9541 $19,771
59
Written or renewed during the                        I           I
year. I---.....................  7,234,6071  87,813 131  6,071,3971  77,272
09
Excess of original premiumsj                         1
over amount received for re-
insurance  ....................  ............  1,142   401............I............
Total ..........          $14,313,602 $176,221 061 $7,397,351   $97,043 68
Deduct   those   expired   and             $                    l
marked off as terminated ....  6,336,501   80,706 45   6,125,6761  51,992
19
Total ........             $7,977,101  $95,514 611 $1,271,6751 $45,051 49
Deduct amount reinsured ......  1,509,963    19,400 391   178,8901   5,707
17
Net amount in force......$6,467,1381 $76,114 221 $1,092,7851 $39,344 32