1,0192


MARINE INS. CO.-)


UNI)E I WITIG ADIN VESTMENT E"XHI-BIT-Continued.
LOSSES.II
L Jo sses. pa-Iid(  .........  .  $36,844 85 !........
L)edInVt sal1v61ge and reinsuranllle, r~e.-I  I
covelable Dec. 31, end of the year..  17,766 401 ...............
Balance .............       $0349,078 45! ........I.........
AddI salvage an1,d reinsurance recov-1
erable December 31 of previous year,  17,117 71! .........
Total ......I $366,196 161 ...............
Deduct unpaid losses D~ecem'b-e-r 3-1 o-f!  I        I
lprevious -year ............1   214,379 91!........ .......
Balaiice .............       $151,816 25! ...............
Add unpaid losses December 31, end!                  I
of the year..I...........       278,920 891........ .......
losses   ncurre   '(111-illI      II
Losse incured (uringthe y-ear....I.......  $430,737 14]1........
UTND)ER-WRITING EXPENSES.
Underwriting expenses paid duringi
tIhe year ...............I      $270,373 02! ...............
D)educt underwriting expenses unpaid!     II
December 31 of previous year....  49,967 61j ........ .......
Balance .............        $2220 405 41 ........ .......
Add underwriting expenses unpaidl         I          I
December 31, en~d of the year ....  62,545 88! ...............
Underwvriting expenses incurred dur-J
lag the yea-r .............I.......        282. 951 29!........
Underwriting losses and expenses ...                    713,688...43
CGain from underwriting during the!l
year.................................                 $234,271 70
INVESTMENT EXHIBIT.
Interest and Rvents.
Iiiterest, dividlends and rents received!
duiring( the. year .... .....   $31,701 86!..            ....
Deduict interest, dividends ,and rentsi
accrued December 31, end of thelI
year .I...............            6,722 09! ....     .......
Balanece..............      $241979 77!-........    .....
Adld finterest, dividends and rents ac-I  I
crtued December 31, end of the year!  6,721 66! ...............
'rotul ..                    I~~~~~~........  $31,701 431........
PROFIT ON INVESTMENTS.                 I          I
Ga iin  from   sale  of  ledger  assets  ...I....... 6451.......
Inves~tient incoine earnedl duirina- the!l
......ea...........r..         . .............      $32,326 01
LOSS ON INVESTMENTS.      I
LOSs4 fromn chlange in difference be-I
tw~ecnl bo00k and market value dur-!
lug' ihe year .............I.......         $11,I05_8 88........