HUMBOLDT FIRE INS. CO.                          549
UNDERWRITING AND INVESTMENT EXHIBIT-Continued.
LOSSES.               1.
Losses paid .$369,138 861 .
Add salvage and reinsurance recover-             I             l
able Dec. 31 of previous year ......    2,270 291..............I..............
-11
Total ...                         $371,409 15.      ..............
Deduct unpaid losses Dec. 31 of pre-!
vious year ..........................  66,031 42 ...     ... .
I  ~                   I
Balance ..............-..         $305,377 73. -.          - :
Add unpaid losses Dec. 31, end of the            l             l
year             .................................  66,828  401 ....... 
 ..............
Losses incurred during the year ...... ..............  $372,206 131 .....
UNDERWRITING EXPENSES.
Underwriting expenses paid duringn l
the year .......................     $321,022 80.             ..............
Deduct underwriting expenses unpaid
Dec. 31 of previous year............   13,850 00 ...    ... .............
Balance ..          ......        $307,172 8. .
Add underwriting    expenses unpaid       6
Dec. 31, end of the year ....      _______5      ............................6
Underwriting expenses incurred dur-I
ing the year .....................................  314,022 801.
Underwriting losses and expenses       .        ... ..............  686,228
93
Loss from underwriting during the
year ..............................  .............. ...........  $13,129
53
INVESTMENT EXHIBIT.            I                         l
Interest and Rents.
Interest, dividends and rents receivedi
during the year ....................9 $69,922 911.            .     ) 1 .......
Deduct interest, dividends and rentsl                          l
accrued Dec. 31, end of the year....   17,965 621...............
Balance.     ....              1   $51,957 291 ........ .I..
Add interest, dividends and rents ac-            I.I
crued Dec. 31, end of the year         1,539 03 1
Total ........................... .;.i........   $70,496 321.
PROFIT ON INVESTMENTS.          I
Gain from   change in difference be-I
tween book and market value dur-
the year ......;.          ..............  ..........  3,025 06.
Investment income earned during the1
year ....$.-----' ......                    .     ..............  $73,521
38