99()8                        PHENIX     FIRE INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.
I              I
Premiums.                                        -
T'otal premiums ......................      $214,448 241 ......... I    
     .
l-)educt unpaid   return  and   reinsur-                I .
aince premiums Dec. 31, end of the l
year .......1 33,420 701..:
Balance   .........                   $181, 027 54.               ..............
Add unearned     premiums Dec. 31 of                                   I
previous year .......                       93,523 98! ............ I
Total ...........................     $274,551 52! .............. ...............
D)educt unearned premiums Dec. 31,1
end of the year ......................     137,528 431 ........         
..............
Premiums earned during the year.... .......I                            
 $137,023 09
LOSSES.                                                I
Losses paid ..........                      $113,923 45! ..........1    
  ........
Deduct unpaid losses Dec. 31 of pre-
vious year ..........................       19,111 091 ........      I
Balance ......            .            $94,812 36. .
Add unpaid losses Dec. 31, end of the                                  I
year .                                      19,138 02               . .
Losses incurred during the year ...... ....... ...... | $113,950 431.
UND)ERWRITING EXPENSES.
lTiderwriting, expenses paid     duringl                I              ii
the year .....                         1 $70,395 261 ........         I
Deduct 'underxvriting expenses unpaid!                  I              I
Ilec. 31 of previous year ............I     22,548 891 .......        I
Balance   .....                    |   $47,846 371 -............. - .-.-.1
Adid  underwriting    expenses   unpaid!l               I
Iec. 31, end of the year ............. |   25,140 09!                ........1
Timlerwriting expenses incurred dur-!                   I
ing the year ....................... .........             72,986 46.
Ulderwriting losses and expenses ..................1..............      
  186,936 89
Loss from      underwriting, during  thel                               
          -
yrearl   ...............................  .            .    .           
 $49,913   80
INVESTMENT EXHIBIT.
Interest and Rents.
Interest, dividends and rents received!                 I
(luring the year ...................      $21,680 871 ........        I
Deduct interest, dividends and rents                    I
aecrued Dec. 31, end of the year ...!        6,191 661 ......         ..............
Bala           ..nce...... 1           $1.5,489 21!1 ........ .         
.
Add interest, dividends and rents ac-
(Tl-ed Dec. 31, end of the year.                      .....6,191 66 ....
Total ........................... .............. ....... .......     $21,680
87