224          MILWAUKEE MECHANICS INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT.


UNDERWRITING EXHIBIT.
Premiums.
Total premiums     ................
Add uie'artied premiums IDecem-
ber 31, 1911   ...................
Total   .........
Deduct unearned    premiums Dec-
ember 31, 1912 ................
Premiumns earned    during 1912...
UNDERWRITING P-ROFIT AND
LOSS ITEMS.
Gain from o  agents' balances pre-
viously charged   off ...........
Loss from  agents' balances charg-
ed  off .........................
Loss from   above ................
Agents'   balances    and
bills receivable nota.d-
aldmitted Dee. 31, 1911  $3,977 82
A-gents'  balances    and
bills  receivable   not
aIcidmitted Dee. 31, 1912'  8,488 67
Loss from   above ...............
Loss   from   underwvriting  profit
.and  loss items ..............'
Underwriting income earned dur-
ilg 1912 ........................
LOSSES.
Losses paid ............
D)educt an paid   losses December
31. 1311 .........................
Balnee    .......
Add unpaid losses December 31,
1912  ..        ..................
Losses incurred during 1912 ....
UNDERWRITING         EXPENSES.
Underwriting expenses paid dur-
inig 1912  .......................
Deduct    underwriting    expenses
unpaid December 31, 1911 ......
.Balance .    ................
Add   underwriting   expenses   un-
paid December 31, 1912 ........
Unlderwriting   expenses   incurred
during 1912 ....................
Underwriting losses and expenses
f7 9in  from  underwriting  during
1912 ............................


$1,948,201 67
2,374,266 95
$4,322,468 62
2,258,380 85
..............
$188 46
1,520 02
$1,331 56


....... .....-
.............
i. . . . . . .
..............
$2,061,087 7T


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............. I
..............
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..............
..............
..............


..............
4,51-0 85
..............


5,8 42 41


i


$1,110,396 58
182,811 26
$927,5185 32
164,398 31
..............
$875,929 95
100,000 00
$775,929 95
100, ON 00


.... t .........
..............
*  ...... -4@@. . ...
*  .............. ||.
$1,091,983 63
...... . .. . . . . . . .. . .
......  .   .  .   .   .   .  .   .   ..   .   .  .


.


$2,058,245 36
........
..............
..............
'..............
..............
.. .  .... . ..   6
..............
..............


l


875,929 95
..............


I


.............
1,967,913 58


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..............
- - - - - - -- I        .=.       I


$90,331 78


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