336


CITIZENS INS. CO.
U-NDERA'7WRITING AND INVESTMENT EXHIBIT.


UNDERWRITING EXHIBIT.
Premiums.
Total premiums .                           $511,314 95.                .............
Add unearned     premiums Dec. 31 of
previous year ......................      45,290 510. .........   l
Total ........                 Il    $968,605 4al ...       .... .   .  
  .
Deduct nnearned premiums Dec. 31,                      I
end of the year    .    ...............   437,217 041 .............. I...l-....
Preimiums earned during the year ... .                    $531,388 411 .




UNDERWRITING PROFIT AND             |
LOSS ITEMS.
Gain  from   agents' balances. previ-
ously charged off .......  ...........     $32 69
Loss from agents' balances charged
off .                                       103 41
Loss from above .      ....................  $70 72
Agents' balances and bills
receivable not admitted
Dec. 31, 1911 ....           $903 06 .......   .
Agents' balances and bills        .
receivable not admitted
Dec. 31, end of the year    2,596 891 .......  .
Loss from   above ...............l.        1,693 83
Loss from underwriting profit andl
loss items .             I......
I~~~~~~~~~~~~~~~~
I nderwriting income earned during
the year ......        .           !


..............
. . . . . . . . . . . . . .
..............


..............
..............
..............


1,764 551..............
I1


$529,623 56


LOSSES.                 j
Losses paid ..........................    $336,94-3 991 .........    .
Deduct unpaid losses December 31 of                  I
previous year     .     ...........       49,819 581. .
Balance ..         ..            I $287,124 411 ........
Add unpaid losses I)ecemher 31, endl                 I
of the year ......................        54,131 831 .......       .
Losses incurred during the year          .         ....  $341,256 241.
UNDERWRITING EXPENSES. .
Underwriting   expenses paid    duringi              I             I
the year ......                     l   $179,756 .9.      .           ..........
Deduct underwriting expenses uiqpaidl
December 31 of previous year ....      |   5,175 100X .........   I.,..,
I                        I~~~I  .
Balance .....         ........      $174,581 89 .
Add   underwriting   expenses   unpaid                             I
December 31, end of the year .             4,675 00 I
Underwriting expenses incurred dur-|                 I
ing the year ................................1.1       179,256 891 ...........
Underwriting losses and expenses .................I.............. 1     520,513
Ia
Gain from    underwriting during the1
year ...$ ...... ... -                                                  9,110
$
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