COLONIAL ASSURANCE CO.


347


UNDERWRITING AND INVESTMENT RXHIBIT.


I


UNDERWRITING EXHIBIT.           i
Premniums.                          I            I
Total premiums ........I..... 1        $110,641 061 .........   I .     .
Add unpaid return and reinsurancel
l)relniums Dec. 31 of previous yearl   4,921 27. |.
I          .  I           I
Total ....I .                    $115,562 331 .........   I.    .
Deduct nIllpaid ret-urni i-and rein sur -I       I
anice premiums Dec. 31, end of thel            I            I
year ..........I..........              5,352 611 ....
Balance .............I........   i $110,209 721 .. ....... I...*.*.*.
Add unearned premiums Dec. 31 of!                I            I
pLeviotis year .............. ....     54,930 84! .  ...........
Total ..........       .         $165,14,0 561   .   ..I      .....
Deduct unearnemi premiums Dec. 31,1                           I
end of the year ....................   61,023 971 .


Premiums earned during the year ..............            $104,116 59
UNDERWRITING PROFIT AND
LOSS ITEMS.
Agents' lalances annd lbills            I
receivablle not adm-nitted
Dec. 31. 1911 ...........      $71 84! ....           I
Agents' balances and bills              I
receival)le not admitted
D)ec. 31, end of the year       736 961 ....          -.        .
Loss from   above ...................                          665 12
I              I .
Underwriting    income earned    duringl
the year .....                       -               ..............
I              I
LOSSES.
Losses paid ..             ...........      $31,494 021.
Deduct unpaid     losses December 311          . .
of previous year .................          9,365 °° ..........
Ba la nc i ce ............... .       $22!, 129 02 ........ . .
Add unpaid losses Decemiber -31l, endl                 I
of the year .........         .             7,835 00!.
Losses incurred during the year ... ..............         $29,964 02


li .............-
I -


$103,451 4T
1 -. .. .. .
.. . .. . .. .
I .. .. .. .
1  . .. ...   a,*
.. . .. . .. .


UNDERWRITING EXPENSES.                                       I
Underwriting expenses paid    duringi                      ,
the year ...........................   $45,811 76 ..............
Deduct underwriting expenses unpaidl              I             .
December 31 of previous year .    1      1,750 001 ........    I...............
Balance.I .....                 | $44,061 761 .............. I...............
Add underwriting    expenses unpaidl              I             I
December 31, end of the year .......  .................... 0......0..
Underwriting expenses Incurred dur-1              I
ing the year .      .......... .............        -45,811 76 .
Underwriting losses and expenses   .. ..............   '.. .........  75,775
78
Gain from   underwriting during thel
year ..........2..         ......... I .         ..  $27, 675 .6
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