CAMDEN FIRE INS. CO.                          323
UNDERWRITING AND INVESTMENT EContinued.
LOSSES.               I l
Losses paid ..                         $757,075 671..............
Deduct unpaid losses December 31 of
previous year ...........             100,089 58 ..
Balance  ........................  $656,986 09 ......   ..
Add unpaid losses December 31, endl
of the year .......................   147,307 55...........................
Losses incurred during the year .... ............... 1$804,293 641.
UNDERWRITING EXPENSES            1
Underwriting expenses paid during                             1
the year .....................       $566,941 351 ..     .... ......
Deduct underwriting expenses unpaid              I
December 31, of previous year ....     21,002 95'1 .t.    .
Balance ....................      $545,938 01 ..............
Add underwriting expenses unpaidl                I 2
December 31, end of the year.2 281                         .. I...........
Underwriting expenses incurred dur-1                          1
Ing the year.                   r.........      1 566,950 681.
Underwriting losses and expenses ................I..............1 1,371,244
32
Loss from  underwriting during the
year  *... ... ... ... ..  .  ... .  .............1....... -.-.-.  $72,581
 39
1~~~
INVESTMENT EXHIBIT.
IThterest and Rents.       I
Interest, dividends and rents receivedl          I            l
during the year .....                $116,687 35 .   ....................
Deduct interest, dividends and rentsl            ..           1
accrued December 31, end of thelI
year ..........                        25,801 131. .        I.......
Balance .......-.     l           $90,886 221 ........    ---.-----------
Add interest. dividends and rents ac-I           I
erued December 31, end of the year I   30,004 031     .       .....
Add interest and rents paid in ad-               I            I
vance December 31 of previous year 1      25 001..............I..............
Total ... .  * - - - - - .-.-$120,915 251. .             I..............
Deduct interest and rents paid in ad-l           I            I
vance December 31, end of the year        190 381 .
Interest and rents earned during the      l                   I
year......                    I... 1.             $120,724 7..............
I            I     *       1
PROFIT ON INVESTMENTS.          I             ;            1
Gain from   ehange in difference be-l            1
tweed book and market value dur-!              I
ing the yeap .........1 $4.2.33 971 .......                   l
Profit on investments during the yearl .............. l  4,233 971..............
Investment income earned during the!           . I            I
year  .        ..                 .             .....,,,1     1  $124,958
 84
LOSS ON INVESTMENTS.
Loss from sale of ledger assets .   ..... ....|...$1,134 941.