COMMERCIAL UNION          FIRE INS. CO.                   365
UNDER WRITING AND INVESTMIENT- EXHIBIT-Continued.
UNDERWRITING PROFIT AND }
LOSS ITEMS.                l              l
Agents' balances and bills receivablej                I             I
not admitted Dec. 31, 1911 .......... 1    $5,701 231......
Agents' balances and bills receivablej                I             l
not admitted Dec. 31, end of the yearl      3.797 211 .
Gain from    underwriting   profit andl
loss items ........                                 1     1,904 021.
Underwriting   income earned    duringl               I
the year .................................. 1 $373,120 38
LOSSES.
Losses paid ..........            ......   $173,345 24j..............I..............
Deduct unpaid losses Dec. 31 of pre-, I
vious year .......                   1     31,024 001     . ..............
.
I          -   ~    ~    ~~~~~I I'
Balance .$ 1 $142, 321 241 ........                             ...
Add unpaid losses Dec. 31, end of thel                i
year ...........................           37,628 00! ....
Losses incurred during the year......I..............1    $179,949 24!.
UNDERWRITING EXPENSES.                                           }
Underwriting   expenses paid    dluring! l
the year ..........................      .....$140,595 301 ..............
Deduct underwriting expenses unpaid
Dec. 31 of previous year ............ 1    23.348 901 .........     ..............
I        -    ~I          I
Balance         .   .       ...... -I  $117,246 401 .......      ..............
Add   underwriting   expenses unpaid                  l
Dec. 31, end of the year ..........       _209      0..............   ..............
Underwriting expenses incurred dur-1                  l
ing the year .........................       ..... 1    143,338 401 .
Underwriting lossds and expenses.         .    .............I...............
 323,287 64
I              II
Gain from   underwriting    during thel               I
year .............     .                  ........   ..............    $49,9832
74
INVESTMENT EXHIBIT.
Interest and Rents.
Interest, dividends and rents received                              l
during the year .............             $31,562 25 ........       .
Deduct interest, dividends and rents!
accrued Dec. 31, end of the year....        6,325 00 .....          .
Balance .....I.                       $25,237 25 ....     ... .......
Add interest, dividends and rents ac-                 I             I
crued Dec. 31, end of the year......I       8,341 00.                  ........
Interest and rents earned during thel
year ., .I.                                             $33,578 251 .