824                  ST. PAUL FIRE & MARINE INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.              1                            1
Premiums.                J
Total premiums ...........I: .......... $5 973,180 64 ........
Add unpaid return     and reinsurance     ,
premiums Dec. 31 of previous year         24,348 08 ....
Total .   ........................... $5,997,528 72.........
Deduct unpaid    return  and reinsur-
ance premiums Dec. 31, end of the                  I
year ..........                           22,422 721 .......       .    
 .
Balance   ....                    1$5,975,1106 W' ...........  .............
Add unearned premiums Dec. 31 ofl                    I            I
previous year ...         .......      4,665,527 631 .. I
Total ...           ....... $10,640,633 63 .......                 ........
Deduct unearned premiums Dec. 31,                                       
 .
end of the year ....................   4,854,764 89 .........     ..............
Premiums earned during the year ... ............... $5,785,868 741.
UNDERWRITING PROFIT AND
LOSS ITEMS.
Gain   from  agents' balances previ-l
ously charged off .                          $80 201 .
Loss from agents' balances charged
off, $38,732.49 and from other under-f
writing disbursements, $1,925.36 .. .1    40,657 85 ........       ..............
Loss from  above .....................     $40,577 651 ........      I  .
    .
Agents' balances, reinsur-             I
ances and bills receiv-                                           I
able not admitted Dec.
31, 1911 .......... : ..... $23,706 08 ........................... ........
Agents' balances. reinsur-
ances and bills receiv-
able not admitted Dec.             6
3l, end   of   the   year  ........... .. 16,164   60  ..............  ......
........ ...... .........1-------
Gain from above ..............      .        7,5418
Loss from    underwriting   profit andf
loss items ..     ....   ...........-............       33,036 171..............
Unnderwriting income earned duringI
the  year            .....1... . . .|   ............. ..............  $5,752,832
  57
LOSSES.                                                          57


Losses paid ..........................I $3,291,281 17.
Dedulet unpaid losses December 31 of
previous year ......................     397,088 621.
Balance ...                      1 $2,894,192 55..
Adld unpaid losses December 31, endl                 I
of the year ........................ I   452,09 421.
Losses incurred during the year     .     ............. $3,346,201 97
UTNDERWRITING EXPENSES.
Unlderwriting  expenses paid    duringf
the year             .....           1 $2, 103,248 711.
Dadlet underwritinz expenses unpaid!
December 31 of previous year .....        96,497 571.
Balance & ...................... 1 $2,006,751 14!.
Acld undeorwriting   expenses unpaidl                I
December 31, end of the year .      .1   104,751 051.
I             I


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