920                    PRANKONA REINSURANCE CO.
UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.
Premiums.
Total premiums ..................... l235,519 071 .............II.............
Add unearned premiums Dec. 31, 19121      119,665 951 .
Total ....                         $355,185 021 .I.
I)educt unearned premiums Dec. 31,1                I 2
1912 ............................'..    163,205 401.
Premiums earned during 1912 ...........................1........    $191,979
62
LOSSES.|                                           I
Losses paid .........$ 98,639 381 ........                         |
Dedllct unpaid losses           St , 1911   7      1 ..........................
Balance ........................    $71,191 33             .
Add unpaid losses Dec. 31, 1912 ......I    17,774 151. .
Losses incurred during 1912 ..................... "I   $88,965 481.
UNDERWRITING       EXPENSES       I
Unrderwriting expenses paid      during|
191  ................................ ..............   72,683 911 .
Underwriting losses and expenses .........I       ....1..             161,649
39
Gain from underwriting during 1912 ..............$..............      V30,330
23
INVESTMENT EXHIBIT.
Interest and Rents.                       |
Tinterest, dividends and rents receivedl           I             I
(diring the year ............I...       $21,185 91 .........
Dediuct interest. dividends and rentsl             I
accruied Dec. 31, 1911 ............... -       31
Balance ............        ...     $14, 102 511 ......
Add interest, dividends and rents ac-l             I             I
crued Dec. 31. 1912 ................ I    7,520 831 ......
Total                .        .         .................... I  $21,623 34
LOSS ON INVESTMENTS.
Loss from decrease in book value ofi               I             1
ledger assets ..........        - -        $240 .......
Loss from change in difference be-I
tweell hook and market value dur-l               I             I
ing 1912 .......                          4,454 381 ...........  I
TLoss on investments during 1912 ....     ..........I   $4,694 381..
INVESTMENT EXPENSES.             I            I
TInvestnment expenses paid during 19121 ...............I  1,282 671.
I             1.
Investin(,,t losses and expenses dur-I             I             I
ing 1912            ...................I..............               5.977
05
Gain from investments during 1912 ............................ . I   $13,646
29
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