726             NORTHWESTERN FIRE & MARINE INS. CO.
UNDERWRITING        AND   INVESTMENT       EXHIBIT-Continued.
Gain from above ................... "        $1,315 13i .............
Agents' balances and bills                                         .
receivable not admitted                                           I
Dec. 31, 1911 ............  $3,649 671 .......       I.............
Agents' balances and bills
receivable not admitted
Dec. 31, end of tthe year..  6,214 081      .       I...... ...... ..............
Loss from above ......                        2,564 411 ......        I
Loss from   underwriting    profit andl                             I
loss items .......                                 1       1, 249 281.
Underwriting Income earned      duringI
the year .......                                     ......$717,495 47
LOSSES.
Losses paid .......                        $357,403 321 ..........    I
Deduct unpaid losses Dec. 31 of pre-f                I'             I
vious year .........                 I     12,01 941 .........
Balance ..        ...   .......      $345,321 381 ........   .       I.
Add ulnpaid losses I)ec. 31, end of thel            381
year .............................. J15,325 271.            ....... 1
Losses incurred during time year ......I                 $360,646 651.
UNDER1WIIWITING EXPEINSES.          I                            I
Underwriting, expenses paid     duringl               1
the year ..........         ..     .!    $250,471 96 .........!
Deduct underwriting expenses unpaid
Dec. 31 of previous year ............      20,768 84 .........      ..............
Balance ......           .           $229,703 12I .
Add   underwriting   expenses unpaidl               12!
Dec. 31, end of the year .............. l  26,867 64! .
Underwriting expenses incurred dur-!                 !              I
ing the year         .         ........ ............... 1,  256,570 761.
* ~~~I                 .           I       -   _
Underwriting losses and expenses         .    .    .        .........I  
617,217 41
Gain from      underwriting  during the! :
yea r                       .            .          ...               $100,278
0O
INVESTMENT EXHIBIT.                                            I
Premium      and Rents.
Interest, dividends and rents received
during the year .......                  $42,148 061 ........       I
Deduct Interest, dividends and rentsl
accrued Dec. 31, end of the year....!     10,639 141 .......................
Balance .$31,508 92! .......                                .. |.............
Add interest, dividends  and rents ac-1               I             I
crued Dec. 31, end of the year .......     11,245 121 ...........   1
Total ........................... .    .         ........   .      $42.754
04
TIOS ON INVESTMENTS.
Loss fr'o"    decrease in book value ofl
ledger i*qsets ..........- 1               $5,000 001 .......       1
Loss fromt other investmehts .        1....     700 001 ...........  .
Loss on Investments during the yeard ............................