478


GERMAN FIRE INS. CO.     !
UNDERWRITING AND INVESTMENT EXHIBIT-Continued.




Deduct unpaid losses Dec. 31 of pre- II
vious year .41,037 161.......                                  .
I             I
Balance                            $210, 941 351 -.         I..............
Add unpaid losses Dec. 31, end of thel             l
year..                                   00, 385 57.0I
Losses incurred during the year ..... I.............. 1  $271,326 921.
UNDERWRITING EXPENSES.             j                          I
Underwriting   expenses paid   duringoj            I
the year .....                     I   $210,390 401 ........  . l     .
Deduct underwriting expenses unpaidl
Dec. 31 of previous year.............    15,577 441.............. ..............
I         ~      ~      ~~~~~~~~~~~~~~~~~~~~~~~~I
Balance .                 .        $194,812 961..............I..............
Add   underwriting  expenses unpaidl               I             I
Dec. 31, end of the year............    1 9,330 401 .......      I
Underwriting expenses incurred dur-I
ing the year ........................       .......   214,143 36 .
Underwriting losses and expenses ... ............I......    .....    4851,470
28
1.            1             I           _-
Loss from   underwriting during thel               l             l
year ..                                                             $ ....13,923
31
ll        11I           I


UN VENTSIIMlNT El EXHiABIT.


Interest and Rents.
Interest, dividends and rents received
during the year .........I......      $29,393 48
Deduct interest, dividends and rentsl
accrued Dec. 31, end of the ydar....1   5,708 35
Balance . ......................  $23,685 13
Add interest and rents paid in advance
Dec. 31 of previous year............    6,072 24
Interest and rents earned during thel
year .......          .


$29,757 371..............


1--- -


P'HUIVIT UIN II VElMliNTMEIS.       I N.
Gain from sale of ledger assets.......I      $3,725 001 ....         .
Gain from change in difference be-
tween book and market value dur-
ing the year .......... ........           29,451 141 ......        .............
Profit on investments during the yearl..............I      33,176 14.
Investment income earned during thel                  l
year ........ .....9...-.-..            .       '        .*....        $62,933
51