Report of the Commissioner of Insurance of the State of Minnesota Volume 43, PT. 1 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1914 edition. Excerpt: ...the year $6,004,948.00 Premiums received thereon 120,223.69 Net amount in force at end of the year 4,165,930.00 (a) Including business other than marine and inland. BUSINESS IN MINNESOTA IN 1913. Fire Risks. Risks written $1,112,563.00 Premiums received 19,086.00 Net losses paid 9,443.00 Net losses incurred 6,886.00 Amount at risk 1,627,415.00 UNDERWRITING AND INVESTMENT EXHIBIT. Premiums earned $65,116.64 Loss from underwriting profit and loss items 31.23 Total $65,085.41 Losses incurred $34,889.43 Underwriting expenses incurred 28,823.56 Total 63,712.99 Gain from underwriting $1,372.42 Investment income earned $8,334.15 Investment losses and expenses 2,375.75 Gain from investments 5,958.40 Gain of year $7,330.82 Dividends incurred $14.60 Gain from other items 50.00 Total 35.40 Increase in surplus $7,366.22 Net surplus Dec. 31. 1912 24,585.97 Net surplus Dec. 31, 1913 $31,952.19 Net surplus Dec. 31. 1913, as determined by Minnesota Insurance Department $31,640.69 Per cent of losses incurred to premiums earned 53.6 Per cent of underwriting expenses incurred to premium earned 44.2 Per cent of investment expenses incurred to interest and rents earned 8.2 Per cent of total losses and expenses incurred and dividends declared to total income earned 90 NATIONAL-BEN FRANKLIN FIRE INSURANCE COMPANY. PRINCIPAL OFFICE, PITTSBURGH, PA. Organized in 1910. SAMUEL MCKNIGHT, President. H. M. SCHMITT, Secretary. CASH CAPITAL, fl,000,000.00. INCOME IN 1913. Premiums other than perpetuals $1,474,753.98 Rents and interests 172,939.80 From all other sources 2,764.45 Total income 11,650,458.23 Ledger assets December 31 of previous year 3,283,596.92 Sum $4,934,055.15 DISBURSEMENTS IN 1913. Net amount paid for losses $797,931.75 Expenses of adjustment of losses...