830


STERLING FIRE INS. CO.


UNDERWRITING AND INVESTMENT EXHIBIT-Continued.




UNDERWRITING EXPENSES.
Underwriting expenses paid     duringj
the year        ...................I -  $149,751 241.
Deouwc underwriting expenses unpaidl
Deceniber 31 of previous yaer ......      7,187 261.
Balance ........................   $142,563 98.
Ad(l underwriting   expenses unpaidl
December 31, end of the year ......       2,758 991.
Underwriting expenses incurred dur-1
ing the year ......................................   145,322 97
Underwriting losses and expenses      ............................
Loss from   underwriting during thel               I
year  ...............................             .............


l


182,935 94
$91,442 34


INVESTMENT EXHIBIT.
Interest and Rents.
Interest, dividends and rents received
during the year .............          $59,127 24?.
Deduct interest, dividends and rentsl
accrued December 31, end of thel                 I
year ...............................    11,902 63/.
Balance~~~~~~~~~~~ ........................  I4,2
Balance .I. $47,224 611                             .
Add interest, dividends and rents ac-l             I
crued December 31, end of the yearl      21,215 84 .
Add interest and rents paid in ad-l
vance December 31 of previous year           18 48 .
Total  ........................... $68,458   3.  ......... ....
Deduct interest and rents paid in ad-
vance December 31, end of the year           16 28 .
Interest and rents earned during the|
year .*---                   I...... ...............  $68,442 65
Y1 Ttt11 T11T "I   nrpsnsr~




i.... .. .. .-




11 "~l V fl - JL-L   V  N   A   V Il ki', lp- N rl'.
Gain from sale of ledger assets ......        $3 18
Gain from other investments.: Com-
mission on mortgage loans .......        1,362 40
Profit on investments during the yearl..............
Investment income earned during thel
year .                             ....
LOSS ON INVESTMENTS.
Loss from sale of ledger assets .....        $70 19
Loss frorp change in difference be-
tween book and market value dur-
ing the year .......   ................    634 67
Loss on investments during the yearl..............


1,305 . . . . . . .  . . . . . .1  . . -   . . . . .
1,305   581 ....... ... .
I


$69,808 23


I..............I..............


$704 861.


INVESTMENT EXPENSES.
Investment expenses paid during the         $
year          .          ... ........       1,27 16 .1-...........I..*.........-
Deduct investment expenses unpaidl                                   I
December 31 of previous year ..... 1        8,432 50       .      I...............
Balance .                              $3,094 66 .             I        
 - ....