1200


MECHANICS MUTUAL FIRE INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT-Continued.


I


LOSSES.
Losses paid ..........................
Deduct unpaid losses Dec. 31, 1911....
Balance   ........................
Add unpaid losses Dec. 31, 1912.......
Losses incurred during 1911..........


$33,297 93
968 15
$32,329 78
2,707 84
.. .  . .. . .


$35,037 62 ...............


UNDERWRITING EXPENSES. l
Underwriting    expenses paid    during
1912              ........                 $48,488 84!.       .............
.............
Deduct underwriting expenses unpaid                    I
Dec. 31, 1911 ........                      16,664 661.............. .............
Balance ........                       $31,824 18 ..............
Add underwriting expenses unpaid
Dec. 31, 1912 ........                       3,146 28 .      .............
..............
Underwriting expenses incurred dur-                          3
ing 1912 .................... ..............               34,970 461........
Underwriting losses and expenses           .        ..                  
  70,008 08
Gain from underwriting during 1912 ................I..............      
$319,349 3$


INVESTMENT EXHIBIT.
Interest and Rents.
Interest, dividends and rents received
during the year .....      ...........     $37,059 47
Deduct interest, dividends and rentsI
accrued Dec. 31, 1911 ................        1,181 671.............
Balance ...................            $35,877 801 ..............
Add interest, dividends and rents ac-!
crued Dec. 31, 1912 .............. ...       1,181 67 .
Total           ..!.....................               $37,059 47


............. -
..............
...............
...............
............ -


PROFIT ON INVESTMENTS. I
Gain from sale of ledger assets......I   $4,346 50
Gain from change in difference be-
tween book and market value during
1912.                                    1,908 63
Gain from other investments                 103 13
Profit on investments during 1912.... ..............
Investment income earned during 1912       .
LOSS ON INVESTMENTS.
Loss from decrease in book value of
ledger assets .......       ....I.
Gain from investments during 1912... .............


I.


..............
..............
6,358 26
1-..-...-......


...............
***..  ..  .. .  .  . ... i
..............
$43,417 73:
4,449 6&
$38,968 1O,


II== =- == == --- - - -  -'