W14               -        t           AS1tA1      t U0          ,    ,
UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.
Premiums.
Total prremiiims ...............        $2,833,785 0h61.............I.............
Aud(o tuptipaia. retura, and reinsurancel                          I
premiums Dec. ;s. oi previous yearl       88,676 861 ......     . :.    .
Total .....$........ |2,922,461- 8-1 .......................
Deduct unpuaic return    and reinsur-I
auce premiums Dec. 31, end of thel
yeaIr ...                                 90,521 061 ............. ...........
Balance .    .   .   .                 '$2,831,940 80l1 ...... ...... .
Add unearned premiums Dec. 31 ofj
pievious year.                       12,780,467 721 .
Total .........                .  $5,612,4tS 521 ............. I..  !   .
Deduct unearned :premiums Dec. 31,1
end of the year ............          12,708,790 521 ...........    1 . 
   .
Preimiums earned during the year ..................2         6      ............1
$2,903,618  ...
UNDERWRITING PROFIT AND
LOSS ITEMS.               l
Gain  from   agents' balances previ-1
ously charged oftf .................1        *2o .01..............I.............
Loss froni agents' balances chargedl                 I             I
oft .........................       l      5,520 Sj.       ....... I
Loss from   above ................          $ 5,500 851 .......     I...............
Agelnts' balances aid bills
receivable not admitted
D ec. 31, 191 1 ........... $42,651 80 ........     I            1     .
Agenits' balances and bills           I              1             1
receivable not admitted              I             I
Dec. 31, eand of the year   22,509 151 .......      .            I
Gain from  above ............. |            20,142 651 .....  ...
G(ain froi-n underwriting   profit andl
oss itms..... .............                             14,41 801    i  
      .
l1nderwriti. g income earned during:
the year ..............................                            $ I4*1.......
t  I | -8, 259 80
I     .       I       .    .    - '
I             I                 '',1
LOSSES.                 I                            I
Losses paid ..........         1         1, 513, 213 841 ............ I.
D)educt salvage and reinsurance re-I                 I
coverable Dec. 31, end of the year ..j    23,023 391 .............
a1-lance .  ........................ $1,49!0,190 451 ...... ...... I.
Add salvage and reinsurance recov-I                  I             I
erable Decemiber 31 of previous yearl     24,259 761 ...........  I
Total ...                        1$1,514,450 211 ........
Deduct unpaid losses December 31 ofl       -
previous year ...........                332,226 201 ...........  .1.......-..
Balance ............I $1,182,224 i1 ........... 1                   .
Add unpaid losses December 31, endl                                I I
of the year ................    .....j   305,385 04. ............................
Losses incurred during the year .... .............. $1,487,609 051