NORTHERN ASSURANCE CO.


975


UNDERWRITING AND INVESTMENT EiXHIBIT-Continued.
UNDERWRITING       EXPENSES      I
1Vnderwri ting expenses paid during1
the year .                          $1,138,225 171. .1
Deduct underwriting expenses unpaidl             I             I
December 31 of previous year *...     108,412 341 ...                  ..
I        ~      ~     ~~I  I
Balance ..                      $1,029,812 831 .............. ...
Acid munderwriting expenses unpaidl                            I
December 31, end of the year      1   106,174 121 ..     .  .......
l~ ~~ ..
Underwriting expenses incurred dur-                            I I
ing the year ..........                   ..      1,135,986 951.
lUVderwvriting losses and expenses.. .....                    12,623,596
00
Caimi fronm underwrviting during thel                          I
year                        ; ..I...                            $294,663
80
INVESTMENT EXHIBIT. *         I             1
Iliterest and Rents.
Inlmerest, dividends and rents receivedI         I.
durimm-. tl)e year .1                $191,806 50              ....
Deduct Iinterest, dividends and rentsl           I
aecrued Deember 31, end of thel                 I
yea r .I. 50,066 531 .
Balanr. .                         $141,739 971 .
Add interest, dividends and rents ac-I            !
cried I)ecember 31, end of time yearl  50,025 481 ..   .
Trotal't .................... .............. I...-.. 1       $191,765 45
LOSS ON TNVESTMENTS.           |
Loss from  sale of ledger assets..       $1,042 S I..
Loss from   change im difference be-I
tween book and market value dur-I
ing the year .. 1 $39,509 651 .
L~css on1 inv~estmenlts durinlg the yearl   .    l    $40t,552 501   .
I            I             I
INVESTMENT EXPENSES.
Investnient expenses paid during thel
ear                .I. $12,564 871 .
Dl)(,uct investment expenses unpaid              I
December 31 of previous year.     I     1,988 721 .
Balance ...                        $10,576 151 ..I
Add investment expenses unpaid De-j
cember 31, end of the year .            1,992 191 .
I             I
Investment expenses incurred durimgl1
the year .                                      1 12,568 341.
Investment losses and expenses dur-1I
-~~~~~~~            15:3,120                              84
Ing   the   ye~ar            .       ..........................I....... 
. ; . ,   ......   ,1 O 8
Gaini from  investments during   the|
year ..            :.......... .....$............ .............. $138,644
61


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