944


LIVERPOOL AND LONDON AND GLOBE INS. CO.
UNIIER WbAITNG AN\D INVE7,STMEIN-T\ EXHFIP IT-Continued.


UNDEIR'WRITING      PROFIT AND      I
LOSS ITEMS.
Loss from   agents' balances cbargedl               l
off .   .. . . . . .. . . . .       1      $247l 5 1 .. . . .. . .
Agents' balances and bills            l     $271l51...
receiv~able not admitted
Dec.  -31,  1911 ........ $  ,837   6 ..............  I..............
Agents' balances and bills            1             I
receivable not adlmnitted          I             I
Dec. 31, 19:12 .............7 6,873 921 .......    1
Loss  fr ot   above  *...-.-.-.-.-.-.-.-.-.|  18,036  23!




Loss from   underwriting profit andl              I            1
loss items .           1                             18,.307 741.
Underwriting income earned diiiingf
il) 1 2 ................................I.............. .............. 1$S,4068,59'.
)"7,
LOSSES.
Losses paid..                         $4, 760, 732 *381 .
Deduct unpaid losses D)e(-. "1, 1.911 ....  81t 341 38f1 .
I---- I
Balance ......-.1     ...       $3,943,391 001 ............. ....
Add unpaid losses Dec. 31, 1912.        852,730 681 S..     ... I.
-      -  I            I
Losses incurred during 1912 ........... . ............f. $4,796,121 6Sf.
I            L
UJNDERWRITING EXPENSES.           1
Underwriting, expenses paid during                f
1912 ....                          $3, 283, 244 091f ....................
..
Ded uct underwriting expenses unpaidl
D)ee. 31, 1911 ..                    274,515 ;31
Balance .....                   $3,008, 728 5OT1 ......... ..... ..............
,AWdi uIndlerwritlm, expelises unpaidlf          f
)ec. ::l, 191. ...........           2 268.713 941 ..............f . .............
T'Anderwriting expenses incnrrIef dnr-!
l   19,,1 2 ............................f...      3, 277,442  ..    .  .
Underwriting, losses and expenses................. .............f 8,073,564
IS
(lain fromi-i underwriting during 1912f ....     . I...    .     1$95,027
19
INVEX-S'MENT EXHIBIT.           I
Interest and R,111ents.
Itllerest, divixl(nds and rents receivedf
(lini- the ventar  ...................  $534, (8Q65 19f. .   I..............
I (ducllct intorest, divid(ends andi rletsl      I
accrued Dec. 31. 1911 .             11 3.2.3 32I .I
B'; a la Ice. **$421,.633 87f ..............               I..............
Adld inteest, dividends annd rents ac(-l         I             I
crued Dec. 31, 1912 .-.-.-.           113,499 191. ..        I..............
Total ..f..............           ........... i  $535,133 06f.
PROFIT :ON INVESTMENTS.           I           f
Gain from sale of ledger assets.           $114 371  .
Gain front increase in book  value ofi            I
ledger assets ....................... I  1,081 291 .