1030             SCOTTISH UNION & NATIONAL INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.                           .
Premiums.
T'otal premiums ................    I 5   $2,136,944 891 ............. ..
.
Add unearned premiums Dec. 31 off                 I
previous year ....       .......     2,023,488 55 ............ .
Total .      ...........I $4,160,433 44 ............ I
Deduct unearned premiums Dec. 31,1               I
end of the year .................2,132,838 74               .       ........
Premniums earned during the year .$ .               2,027,594 701.
UNDERWRITING PROFIT AND
LOSS ITEMS.
Loss from   agents' balances chargedi                          1
off.                                     $648 871 .....       I
Agents' balances arid bills
receivable not admitted           1
Dec. 31, 1911 ...... $....  3388 54M. .                     --1
Agents' balances anid bills         1
receivable not admitted           I
Dec. 31, end of the year 2,034 361 ......         '    .       I
-1         ~~I           I
,Gzain from  above ...............        1,354 18? .
Gain fromu- underwriting profit and]
loss items ............. I..............                70Q5 31..
Underwriting income earned duringi                I
the year ......$ .......2,028,300 01
LOSSES.               1             1            1
Losses paid .........$ 1$1,123,346 621.
Deduct unpaid losses December 31 of'                           I
previous   year  . ..................216,190    08...............1.....
Balance ................... ..... | 907,16 541.
-Add unpaid losses December 31, endl
of the year .        .........7        1551,379 0S*f         .....
Losses incurred during the year .... ..........    $1,f0i62,536 34.
UNDEPRWRITING EXPENSES.
'Underwriting  expenses paid during               I
the year ............................  $862,331 21 .
Deduct underwriting expenses unpaid .
December 31 of previous year .................
Balance  .I .......................  $822,331 21..
Add underwriting expenses unpaid                  I
December 31, end of the year.          40,000 00..
TUnderwriting expenses incurred dur-l .           I
ing the yre~ar .......................    ...... 1  862,331 211.
Underwriting losses and expenses ...I I........... I     I       1,924,876
55
lGain from    underwriting during thel            I            I
year .                  ..... .                                  $103,432
46
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