950                LONDON    ASSURANCE CORPORATION.
UNDERWRITING AND INVESTMENT EXHIBIT.
~~~~~~I                                _            ~            _ _
UJNDERWRITING EXIHIBIT.          I_1_1
Premiums.
Total I)Lelnium                  I
Total weiniumns .................    $ - $2,711,286 5.91............. 1
Add unpaid return and reinsuranceI
premiums Dee. 31 of previous yearl     49,878 831 .
Total ...                       $2,761,165 421 ............ I
Deduct unpaid return and reinsur-.
ance premiums Dec. 31, end of thel
year ......... 1 60,463 551 .
Balance ..          ......      $2,700,701 87.            I
Add unearned premiums Dec. 31 ofl                I
previous year .....................2.2,114,315 871 .
I- -          I            I
Total ..........I $4,815,017 741 ............             I
Deduct unearned premiums Dec. 31,!               I             I
end of the year .............        2,253,2192 99! ............  -.l
Premiums earned during the yeaV ..I ............... 1$2,561,724 751.
UNDERWRTITNCG PROFIT AND                        I
LOSS ITEMS.
Loss from  agents' balances chargedl
off .                                 $1,885 24! ......      1
Agents' b-Aances and bills          1
receiv-01e not admitted
Dee. 31, 1911      .      $,,830 31'! .... ... I............ I
Agentts' 1)mlances and bills
receival)ble not admitted         l
D)ec. 31, end of the year  20I.M   931 ......  !
Loss from     above ..............   1   10,438 62! .    ........... l
Loss from     underwriting  profit andl
loss items ........l... I..............-             12,323 86!.
nderivrithilg income earned duringn
the year .......                                              $2................,
I. .... 1 $2,549,400 89
LOSSES.
Losses paid ..! $1,309,822 45!1                               . .
Deduct salvage and     reinsurtaince, re-!       I             I
coverable'Dee. 31, end of the year..!  16.315 411 ............!.
Bal'alln ce ....               1$1,293,5107 M041 .
Addll wdge   -am(1 reinsnran (]e recov-l         I             i
eratble December of previous year ..1   7,940 09!..............
Total  .......................... 11 ,3,01,447   13
Doeieut unpaid losses December 31 ofl                         1
previous year ...       ....... 1     3751,!652 41 .
I           i I            I
A Balnie .!... I$925,794 671 .
Acl unpaiMd    losses December 31, endl           I            I
of the year ........................  398,895 741.
Losses incurred during the year .... I.............. $   $1,324,690   411.
UTNDERWRITING        EIiXPENSESRI
TTmderwmriting  expenses  paid during!
thie vear.                          $1,001, 938 35'1 ...........  1 .
D-Not ande'.writing expenses unpaid!                           I
Decemnber 31 of previous year .....    83.095 121...........          ......
nalan e q  n    .        . ..............!..........  $918,843 231 .........
t.
A1d llunderwvritin-   exnonses unpaid!
December 31, end of the year .......       .5..2............ .  92,7.52 
5!. .  .......   l
I         1   !