496                         GERMANIA      FIRE INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT.
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UNDE4l'lRWRITING     EX1BII   T.     1
Premiums.                 I
Total premiums.$2...., 91,!3..l            2,1-    3 83 ..............
Add unpaid return      and   reinsuran   IIIce
premiums Dec. 31, 1911 ..............        33,578 85 .      ......... 1.
Total .................    .....    $2,944,822 681 ..........       ..............
Deduct unpaid return and reinsurance                    I
premiums Dee. 31, 1912 .34,499 821 ..............
Balance   .................  ...    $2,910,322 861 .............
Add unearned premiums Dec. 31, 1911. |3,278,727 221 ............
Total ...........................   $6,189,050 081 ..........      ..............
Deduct unearned premiums Dec. 31,                       1
1912 ................................    3,300,304 321 ..........       ..............
Premiums earned during 1912 .......... .   ............. $2,888,745 76 .
UNDERWRITING PROFIT AND
LOSS ITEMS.
Gain from agents' balances previously
charged off .........          .               $700 001.............. I.............
Loss from agents' balances charged of I         6,233 141..............I..............
___________- - I          I.
Loss from   above      .....................  $5,533 141. ..
Agetns' balances and bills
receivable not admitted
Dec. 31, 1911 ............    $2,905  71  .............. .............. ..............
Agetns' balances and bills                              I
receivable not admitted
Dec. 31, 1912  ....... .....  12,633  65  ...... ..............       ..............
Loss from items above ................          9,727 941 .....................
Loss from    underwriting    profit and                                I
loss items .....................         ..........         15,261 081.
Underwriting    income earned(l uring          .        I
1912...                                               I..              $2,873,484
68
I          ~      ~I       I
LOSSES.                  I
Losses paid ..........             ...... $1,319,703   .      ......... I.
  ...
Deduct unpaid losses Dec. 31, 1911 . . 1     178,553 521 ........       I
Balance   ..                .  .   I $1,141,149 '581 ............ I   . 
   .
Add unpaid losses Dec. 31, 1912 .......      182,473 131 ........     ..
Losses incurred during 1912 ........................j $1,323,622 711 .
UNDERWRITING EXPENSES. I                             I
Underwriting    expenses   paid   duringl
1912 ...                                $1,318,393 491 ...           ..
Deduct underwriting expenses unpaid!                    I              I
Dec. 31, 1911 ...................            72,154 431             .
Balance   ......... ......      ........ $1,246,239 06. 2.
Add   underwriting    expenses   unpaidl                I
,Decb 31, 1912           .........   .1     82,670 121.      e       f .
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