384


CONTINENTAL INS. CO.


UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.
Premiums.                                              I
Total premi~ims .*.................       $8,118,908 591 .  .   .. 0 .
Add unpaidq return     and reinsurance           '     I
premiums *Dec. 31, 1911 .43,050 85 ........
Tl'otal.A                                    -I                I
Deduct unpaid     return  and   reinsur-1            44j
ance premiums Dec. 31, 1912 ....... i       24,894 68
Balance ......................... i $8,137, 0&4 7 61 ........I.......
Add   unearned    premiums     Dec. 31,l
1911 ..........................        18,522,7815 4 1.
TotalI                                  A   '          I
Total ..... 1$16,659,850 17 I.............................
Deduct unearned premiums Dec. 31,1                           .
1912 .                                   9,022,217 57 ..........       ..
.
Premiums earned during 1912 ......I1 $7,637,632 601..............
UNDERWRITING PROFIT AND
LOSS ITEMS.                |
Gain   from   agents' balances    previ-j
ously charged off ..............       1    $1,896 821 .......      I
Loss from   agents' balances charged
off, $1,890.02, and from other under-l
writing disbursements, $6,561.03 *....1     8, 451 fi.1 ...........   1 
 .
Loss from   above .....................       $6,554 231 ...........  I
Agents' balances and bills                             A              A
receivable not admitted               I              A              I
Dec. 31, 1911 ........     $100,433 431 ............       .       ................-
Agents' balances and bills                             A              A
receivable not admitted               1                             A
Dec. 31, 1912 ........       80,093 401 .......       I             I
Gain from above.. ............                20,310 031 ............................
Gain  from   underwriting    profit and1
loss items .......A 1                                     13,785 801.
Underwriting    income earned    during                               A
1912 ...............I..........          .............. ............ $7,651,418
40
LOSSES.
Losses paid    ...........         ...................I.... ..........
I)educt unpaid    losses December 31                   1             1
1911.......................                460,941 081 ........      I. 
   .   .
Balance .....................| $3,449,708 20 ............................
Add unpaid losses Dec. 31, 1912      .  I    485,204 77 ..........
Losses incurred during 1912 ......        .............| $3,934,912 971.
UNDERWRITING EXPENSES.                                             I
Underwriting    expenses paid    during                I
1912 ..                               1$3,108,167 971 .       ...........
I.............
Deduct underwriting expenses unpaid' I                        I      .
Dec. 31, 1911.        ...... I        1    241,466 94)                .............
Balance .......                   1$2,866,701 031 ............  .
Add   underwriting   expenses    unpaidl
Dec. 31, 1912 ..........                  264,886 16.
TJnderwriting expenses incurred dur-        .
ing 1912 ..                   ...... ..                 3,131,587 191.