763


PHOENIX INS. CO.


UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.                                            I
I         ~I              I
Premiums.                I                             I
Total premiums ........            ..... $5,176,471 411 .......
Increase in net uncollected .  .remiumsl      4,764 601.....
Total .. ..... : ....-..-*-.       $5,181,236 01) .........
Add unearned premiums December 31,1                 .
1911 .                                1 4,891,304 681 ............
Total .$10,072,540 691 ......
Deduct unearned premiums Dec. 31,1                    I              i
1912              .I 4,975,957 271 ...                               I.
Premiums earned during 1912 ........$.......5...... 11$5,06,583 421.


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II
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I
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UNDERWRITING PROFIT AND
T .() ;0 T'l Ti4'N/r.


Gain   from  agents' balances    previ-)l            I
ously charged off ...................       $592 161.
Loss from   agents' balances chargedl                I
off .......................         I         88 981.
Gain from above .....................         $503 181.
Agents' balances and bills
receivable not admitted
December 31, 1911 .....     $6,284 691. .............
Agents' balances and bills            I
receivable not admitted
December 31, 1912 ......     9,831 87.    ..    .
Loss from   above ...............    .       3,547 181.
Gain from    underwriting   profit andl              I
loss items ..                ....... ...   ...           3,044 00
[(Inderwritinlg income earned  duringgl                      -
1912. ..                            ! I             .


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.! $5,093529)" 42


1' . I    ". ,,A


IIUOJ,  I'iO.           IIi
.1 A k-P ;,,~ ;,5 U4  I!I
Losses paid .        .      ... $2,738,009 241 ..............I..............
1)educt salvage aind reinsuranee re-                 I             I
coverabtle December 31, 112     l          9,99971 -7-.-------
Balance ..            .....       $2,728, (W6 671 *............
Add salvage and( reinsurance recov-l
erable December 31, 1911     ........I        95   ..............I      .
Total ......................       $2,729,514 361 .........   .
Deduct unpaid losses Dec. 31, 1911...1     621,610 17) ...........  .
Balance -.......................  $2,107,904 19. .............
Add unpaid losses December 31, 19121       485,001 341 ...........
Losses incurred during 1912 *.-...-$2,592,905 531                       
. ..............