Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1915-02-18
Report of Risk Companies.

The results of the business of the
Wisconsin stock fire insurance COM
panies for the year 1914 are sum-
married from their statements to the
state insurance department as fol-
lows:
The Northwestern National Insur-
ance company of Milwaukee in
creased its business in force by $751;
621, ESQ, and its net premium income
by $24,472. This company, with a
capital stock of 100000 and total
assets at the beginning of the year of
$1,000, 400, shows a total premium in
come of $2,738,480, and an income
from investments of $284,485. It's dis
bursements for net losses were 81, 344,-
073, and for commissions 1857 ,102, al
lowances to agents S7,211, and salaries
and expenses of. special and general
agents, $274,549. The dividends paid
were $150,000, and the total disburse-
ments were $2,798,774. The admitted
assets are $6,667 $40, against which
the unearned premium reserve is
$3,304, 685. There is also held a con
flagration reserve of $500, 900, and the
surplus is $1,520,377.01. The net
premiums in Wisconsin amounted to
1888, 1877, and the net losses paid to
$685. Since commencing business
the company has declared cash divi-
dends of $4,000. The ratio of net
losses to net premiums for the entire
business was 40 per cent, and for the
Wisconsin business was % per. cent.
The Milwaukee Mechanics Insur-
ance company increased it's business
in force by $685. 80. This company,
with a capital stock of $1,000 900 and
total assets at the beginning of the
year of S4,398,410, shows total
premium income of $1,926,810, and an
income from investments of $187, 919.
Its disbursements for net losses were
81 ,288, 100, and for commissions SAL
913, and salaries and expenses of
special and general agents $94,621.
The dividends paid were $1,000 and
the total disbursements we're $780,
989. The admitted assets were $4,203,-
215, against which the unearned pre-
MUM reserve is s2,259, sol. The sur
plus is $577, 155. The net premiums
in Wisconsin amounted to $213, 610,
and the net losses paid to $57, 320.
Since commencing business, the COM
pany has declared cash dividends of
900, in addition to stock divi-
dends of 100000. The ratio of net
losses paid to net premiums for the
entire business was 81 per cent and
for the Wisconsin business was 27
per cent.
The Concordia Fire Insurance COM
pany of Milwaukee increased it's bust
ness in force by S13,176,971, and in
creased its net premium income by
$39,999. This company, with a cap
ital stock of 100000 and total assets
at the beginning of the year of $685.
036, shows a total premium income
of $1,149,905, and an income from in
vestments Of $92,849. It's disburse-
ments for net losses were $626,9S6,
and for commissions 1926, 571, and al
lowances to agents S1,699, and sal
aries and expenses of general agents,
$49,114 The dividends paid were
100000, and the total disbursements
were $1,260,602. The admitted assets
are $2,415,9 65, and the unearned pre-
MUM reserve is $1,167, 272. The COM
pany holds a reserve for contingencies
of $4,000, and the surplus is 1891, 292
The net premiums in Wisconsin
amounted to $136,934, and the net
losses paid $47,988. Since commenc-
ing business the company has de-
clared cash dividends of $3.50, 561. The
ratio of net losses paid to net pre-
miums for the entire business was 55
per cent, and for the Wisconsin busi-
ness was So per cent.