The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-02-21
DEARTH REPORTS ON
YEARS INSURANCE
BUSINESS
Figures Show That More In
surance Was Written in
1902 Than During Pre-
vious Year and That Pre-
miums Received We're Lar
ger-Incomes 0yerbalance
Losses.

According to the figures prepared by
Insurance Commissioner Dearth for
1892, the fire insurance companies do
ing business in Minnesota wound up
the year with profits Of not less than 20
per cent.
Under the head of joint stock fire
and marine companies, the figures
show the following:
Total risks written in 1902, by for
eign companies, $61, 412,189; premiums
received, $1,088,545; premium rate,
SLIT; losses incurred, $441,298; pro-
portion Of losses incurred to premium
received; 40 per cent.
In 1901 the risks written by this
class Of companies were $65, 069,971;
premiums received, $1.085,579; pre-
MUM rate, 1857; losses incurred, $780,
1927; proportion OF losses incurred to
premiums received, 56.22 per cent.
The risks written in 1902 by Ameri-
can stock fire insurance companies
were 1921, 339,728; premiums received,
$685., 063; premium rate, SLAP; losses
incurred, $1,661,667; proportion OF
losses incurred to premiums received,
AZ per cent.
In 1901 the same class of companies
wrote risks to the amount of $272,235,-
592; premiums paid, $S,455, 149; pre-
MUM rate, 1927; losses incurred,
$1,720,957; proportion of losses incurred
Losses Average Al Per Cent. @
The grand totals for the two classes
of companies for 1902 were: Risks
written, $342,751, 917; premiums re-
ceived, $5,075,609; premium rate, $1.48;
losses incurred, $2,1O2,965; proportion
of losses incurred to premium re-
ceived, Al per cent.
The comparative figures for 1901
were risks written, 1887, 305,5 500: pre-
miums received, $4,540,719; premium
rate, $1.35; losses incurred, $2,222,785;
proportion of losses incurred to pre-
miums received, 1895 per cent.
The marine insurance written in 1902
amounted to $117, 4442,932; premiums
received, $443,498; premium rate SO
cents; losses incurred, $300,971; pro-.
portion of losses incurred to premiums
received, 6S per cent. In 1901 the risks
written We're $109, 452, SOL; premiums
received, $449,634; premium rate, Al
cents; losses incurred, 1928, 612;r9 pro-
portion of losses incurred to premiums
received, 81 per cent.
Mutual Companies Prosper
Figures of the mutual insurance
companies and Llyod's show risks
written in 1902, $13,984,419 premiums
received, $241 .975; premium rate, $1.73;
losses incurred, $117,732; proportion of
losses incurred to premiums received,
46 per cent. In 1901 the figures were:
Risks written, $12,211, 191; premiums
received, 1926, 1899; premium rate, $1.94;
losses incurred, $95,743; proportion of
losses incurred to premiums received,
40 per cent.
Figures of the township mutual COM
panies for 1902 give the total assets at
the beginning of 1902 as $154,629; re-
ceipts during the year, 1915, 1888; total
assets, $429,999; losses paid, $165,669;
expenses paid, $685. total disburse-
ments, $241, 222; balance on hand at
end of year, $1S8,776; insurance in
force at end of year, $148, .593. The
insurance in force at the end of 1901
was $135, 500. ..,
The mutual hail and cyclone COM
panies wrote $13,270,248 in insurance
during the year. which was an increase
of over $8,000,000. The assets of these
companies at the beginning of 1902
were SIP, 450; cash received $44O,277
total receipts, $552.728; total disburse-
ments $427, 669; assets on hand at end
of year, $125,058; total liabilities, $685.
S62; insurance written during the year,
$13,270,248.
In 1901 the amount Of insurance
written by mutual hail companies was
$5.232,584; total disbursements, $751;
$50; cash received, $177,394. In 1902
the mutual hail companies had losses
amounting to $53O,195, and paid $24s,-
207.