836                        TEUTONIA FIRE INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT-Continued.
LOSSES.
Losses paid ..........                     $376,799 941.
Deduct unpaid losses Dec. 31 of pre-                l
vious year .....................          .....  58,756 521 .........   1
Balance .........................    $318,043 42?
Add unpaid losses Dec. 31, end of the
year .                                     47,033 47 ......           .
Losses incurred during the year ...... ..............    $365,076 89    
  .
UNDERWRITING EXPENSES. 1
Underwriting expenses     paid   during|                             l
the year .............................   $258,199 56 .......--    . .
Less one-eighth of one- per cent .......      1,111 70..............    
   7
Balanec   ......................  I1  $257,087 861 ...........   I.
Deduct underwriting expenses unpaid                   I              I
Dec. 31 of previous year ............       4,500 001 ........      I
Balance .........................    $252,587 8 I......
Add   underwriting    expenses  unpaidl
Dec. 31, end of the year .............      3,100 0 ..........
Underwriting expenses incurred dur-.           1         l
ing the year .............                              255,687 86!
Underwriting losses and expenses      ................. ..............I 
620,764 75
Loss from   underwriting   during   the!.
year .. ............................................-.-.........-.1    $20,620
97
INVESTMENT EXHIBIT.              I              |
Interest and Rents.
Interest, dividends and irents received|
during the year .............-.1          $53,360 281.............. ..............
Deduct interest, dividends and rents!                 I              I
accrued Dec. 31, end of the year....!1     14,870 431 ...........  1
Balance   ..       ......             $38,489 85!........             ......
Add interest, dividends and rents ac-                 I              I
crued Dec. 31, end of the year .......    12,932 541 .
Total ....                                           $51,422 391.
PROFIT ON INVESTMENTS.
Gail fromu sale of ledger assets ........       $ 71 831 ...... 1
Gain from     change in  d ifferenep he'-I            I    .
tween book and market value duringf                 |
the year ......            .                2,434 961 ......        1
Profit on investments during the year!..............1       2,506 791!.....
....
Investment income earned during thel                  1
year ................................ $..............5...............  $53,929
18