806                          SECURITY INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.            |
Premiums.
Total premiums ......... Dec........... 1 o I $
Add unearned premiums D               3
previous year ..........I. 1,744,283 211 .............. ...           . 
 .
Total ..I.                      1 $3,766,077 321  .   ..    ....... ....
Deduct unearned premiums Dec. 31, j                              I1
end of the year .........            1,951,936 991. .
Premiums earned dulrinlg the year.*1-@---*@1$1,814,140 331........
I             I             I
l~~~~~~ I
UNDERWRITING PROFIT AND            I             I
LOSS ITEMS.
Gain  from   agents' balances previ-?              I             I
ously charged off. $207.49, and from!-I
other underwriting income, $12.00.-.      $219 491?....... I.-
Los-s from  agents' balances chargedl              I             1
off. $213.2,0 and from  other under-I            I             I
writing disbursements, $546.00 ... . I     759 20!1 .....  .    I.
Loss from above .......       ...... 1      $539 711 ...     .. 1      .
Agents' balances and bills           1
receivable not admitted                          1
Dec. 31, 1911      . ...   $2,329 941 .......     I            I.
Agents' balances and bills           I             I             I
receivable not admitted            I            .              1
Dec. 31, end of the year    5,010 341 ......      I..............
Loss from above .I...........              2,680 40? ...............
1             I             I
Loss fromn underwriting    profit andl             I
loss items ......I.                I             1     3,220 11 ...........
lnderwriting income earned during!                 I
the year            ..I                                        1$1,810,920
22
LOSSES.
Losses padl .......... 1$1,029,029 871 ..........                 I
Deduct llnpai(l losses December 31 ofl             1
previous year ...................       194,041 63? .
B~alance.       .....           1 $834,988 241 ........
Ad(  unpaid losses December 31, endl               I             1
of the year ........................ 1               188,523 941.........
Losses incurred during the year       .............. 1$1,023,512 18?.
1             11
UNDERWRITING EXPENSES.            I             I
UTile~rwriting expenses paid during?               I
the year ........................... 1  $834,912 521 .........   ..............
D  lunet underwriting expenses unpaidl             I             I
December 31 of previous year ..... 1    34,275 471 .........    1.      .
Balance ....                    1 $800,637 051 .........   1
Alid  underwriting  expenses unpaidl               I             I
December 31, end of the year ...... 1    37,819 31? .......     I
ITT7derwr tina expenses incurred dur-1             I
ing the year        .        ........ I.1.1          838,456 30i..............
TTnderwriting losses*and expenses               .     .    .      I1, 861,
968 54
Logqs from  underwriting. during thel
year ..                                                        1 $51,048
32