ATLAS ASSURANCE CO.


897


UNDERWRITING AND INVESTMENT EXHIBIT.


UNDERWRITING EXHIBIT.
Premiums.
Total plemiums ...................... $1,715,911 87j ............    ..
Add unpaid return and reinsurancel
prenmiums Dec. 31, 1911       .            54,916 791..............I.............
Total ...                          $1,770,828 661 .            I..............
Deduct unpaid    return   and  reinsur-1
anlce premiums Dec. 31, 1912 ......        29,882 99l ............1.- .........
Balance .                          $1,740,945 67 .              ..............
Add unearned premiums Dec. 31, 19111      1,485,817 44 ..........     ..............
Total ............                 $3,226,763 ll .......   ... 1      .
Deduct unearned premiums Dec. 31,j            -
1912 ..       .       .           .     1,567,632 89 ........
Premiums earned during 1912 .......-.............. $1,659,130 221..............
UNDERWRITING PROFIT AND              I              I              I
LOSS ITEMS.
Loss from   agents' balances charged1
. off.                        t ...............  $41 701 .
Agents' balances and bills
receivable not admitted              I              I
Dec. 31, 1911 ....           $8,612 541                            ..............
Agents' balances and bills             .   .   .
receivable not admitted                                            I
Dec. 31, 1912 ...........    1,0,918 7,01 .......    I             I
Loss from   above . ................      |   2,306 16.              .............
Loss from    underwriting   profit and        d|
loss items .j........I                   ..     1-1       2,347 861..............
Underwriting income earned during4                    I
1912..                                                             1$1,656,782
36
LOSSES.
Losses paid ..........................     $840,502 14.                 
       .






Deduct salvage and      reinsurance re-                  I              I
coverable Dec. 31, 1912 .............          4,800 67j .........      1
I       I             ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~I
Balance .........................       $835,692 471 .........     I
Add salvage and reinsurance recov-1                      I              I
erable . .............................        32,385 201 .
Total   ........                        $868,077 071.                   .
   .
Deduct unpaid losses Dec. 31, 1911 . .1       141,679 55. .
Balance .................               $726,398 12 1.
Add unpaid losses Dec. 31, 1912.129,952 31 ..
Losses incurred during 1912 ......... ...............        $856,350 431.
UNDERWRITING EXPENSES
Underwriting, expenses paid       duringi
1912 ............................... 1     $697,221 421 .........       
1   -   .
Deduct underwriting expenses unpaid                                     I
Dec. 31, 1911 ....               .......     41,00  001 ........... I   
     .
Balance   ........................ 1    $656,221  421 ............
Add   underwriting    expenses    unpaidl      4   8
Dec. 31, 1912             I .                45,886 451 ........
I       I             ,1~~~~'