296                  BUFFALO    COMMERCIAL INS. CO.
LIABILITIES.
Gross losses adjusted and unpaid not yet due    ......  $2,315 91
Gross claims for losses in process of adjustment or
in suspense, plus $2,232.78; reserve for losses incur-
red prior to December 31, of which no notice had
been received on that date ......     .................  30,733 41
Total .    .........................................  $33,049 32
Deduct reinsurance due or accrued .....     ............  3,634 00
Net amount of unpaid losses and claims .........    ...........  $29,415
32
Gross premiums (less reinsurance) received and re-
celvable upon all unexpired fire risks running one
year or jess from date of policy, including interest
premiums on perpetual fire risks, $198,495.94; un-
earned premiums (fifty per cent) .....     ...........  $99,247 97
Gross premiums (less reinsurance) received and re-
ceivable upon all unexpired fire risks running more
than one year from date of policy, $342,967.67; un-
earned premiums (pro rata) ......      ................  179,284 55
Total unearned premiums as computed above .....      ..........  278,532
52
Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued  265
38
Estimated amount hereafter payable for federal, state and other
taxes based upon business of the year of this statement   ........  3,500
00
Commissions, brokerage and other charges due or to become due
to anents and brokers .................... . .......................  1,038
72
Return premiums, $110.00; reinsurance premiums, $85.90     ..........   195
90
All other liabilities, viz.: Contingent reserve ...... A . ...............
 15,000 00
Total amount of all liabilities except capital .$327,947 84
Capital actually paid up in cash .......... ..........  $200,0100 00
Surplus over all liabilities ...........................  124,981 79
Surplus as regards policyholders ........     ..........................
 324,991 7T
Total liabilities  .   ........... .............................  $652,929
63
RISKS AND PREMIUMS.
Gross
premiums
Fire risks.   thereon.
In force on the 31st day of December, as per last
year's statement ...   ..........         ;          $58,665,594  $619,994
07
Written or renewed during the year .....     ..........  34,857,271  383,408
76
Excess of original premiums over amount received
for reinsurance ............  ........................                912
62
Total ............................................  $93,522,865 $1,004,315
45
Deduct those expired and marked off as terminated      37,657,783   424,188
04
In force at the end of the year .....  ...........  $55, 865,082  $580,127
41
Deduct amount reinsured .......      ....................  3,694,751  38.663
8S
Net amount in force .......    ....................  $52,170,331  $541,463
61