670                    NATIONAL UNION         FIRE INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.
Premiums.                 l              l
Total premiums ..............             $2,302,953 15f..............
Add unearned premiums Dec. 31, 19111       2,062,811 931..............
Total   ..........................  $4,365,765 08 3....
Deduct unearned premiums Dec. 31, _           _    _
1912 ................................    2,346,994 281.
Premiums earned during 1912 ........I............... $2,018,770 801.
UNDERWRITING PROFIT AND
LOSS ITEMS.
I              II
Gain from agents' balances previously                   I
charged off .         ........................  $489 761 .......        
  .
Loss from    agents' balances charged                  II
off   ................................       3,98t 38 .   ...... l
Loss from   above ............                  $3,I491 6  2 .
Agents' balances and bills                    $3,91.2
receivable not admitted
Dec. 31, 1911   ....... ..... $19,743 59 [............   ............. ............
Agents' balances and bills
receivable not admitted
Dec. 31, -912 .......... 45,305; 21 .......            ,            |
Loss from    above ...............:           25,561 661 ........      .
Loss from    underwriting    profit and
loss     item s  .........................   ......... ..... 29 0 3 8  .........
....... 9,032
Underwriting    income earned    during1                _              I
1912 .*'''..''..-'..'-''..'--..-'.. .--'..........--.........i $1,989,717
52
LOSSES.                  I              l
Losses paid .....................        $1,121,888 471 ..........................
Deduct unpaid losses Dec. 31, 1911 ...      149,807 5Sf .............. J.............
Balance .$972,080 921....                                     ........  
   ....
Add unpaid losses Dec. 31, 1912              183,916 941...........     
    ....
Losses incurred during 1912 ..........71...... $1,155,997 861 .......
UNDERWRITING EXPENSES.               I              I               I
Underwriting    expenses paid    duringi
1912 .                                    $8878,741 89.....
Deduct underwriting expenses unpaid                     I.             I
Dec. 31, 1911                  ........  1  60,500 001..............I..............
Balance ....                          $827,241 89!....           1
Add   underwriting    expenses   unpaid         .
Dec. 31, 1912 ..........      I     ..      60,500 001 .......        ..............
Underwriting expenses incurred dur-]
ing 1912 ........................... I..............      887,741 891.
I              I         -  -
U       nderwriting losses and  expenses ...............................
 $4 2,043,739 75
Loss from    underwriting    during   1912.1 .............. I..............;
 $54,022 23