COMMONWEALTH INS. CO.


371


UNDERWRITING AND INVESTMENT EXHIBIT.


UNDERWRITING EXHIBIT.
Premiums.                I                     *
Total premiums ...                        $858,922 391.
Add unearned    premiums Dec. 31 of
previous year ...........       .        940,712 84 .
IotalI ...-.-.-.|                 $1,799,635 23 .
Deduct unearned premiums Dec. 31,1
end of the year ....................     80,
1r)i-mivmo arne a d irivng the year  ..............     $994.623 02


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UNDERWRITING PROFIT AND
LOSS ITEMS.                                                I
Gain   from   agents' balances     previ-I
ously charged off .................. I          $21 141 .....          I
     .
Loss from    agents' balances chargedj                   I              |
off .............................               177 361...
..~~~  ~         ~       ~    ~    ~~~ .~  .......        ...........
L.s's frclln nl cve ......................I      $156 221 .....         
I
Agents' balances and bills               l
receivable not admitted
Dec. 31, 1911 ...........     $3,84 70 i.............. .......
Agefits' balances and bills              I.I
receivable not admitted
l3ec. 81. endt of tieC year    4,006 07'.............                   
  ......... i
Loss from   above ................158 371 ..........
Loss   from   underwriting    profit andl                |
loss items ....... .............                                314 591.
Ln(derwriting   income earned     during .
the year           ....... ......                ....................   
 $994,308 43
LOSSES.                                           *
Losses paid .........|                       $521,945 811 .........     
1
Deduct unpaid     losses December      31                I              I
of previous year ........                    114,548 771 ............i
Balance   ........................     $4'07,397 04 *........
Add unpaid losss December 31, end!
of the year         .       ...........      84,739 32 ......          .
   .;
Losses incurred during the year           ...............    $492,136 361.




UNDERWRITING EXPENSES.
Underwriting   expenses paid    during!
the year .... ........................I  $340,705 391 ...       I..............
Deduct underwriting expenses unpaid                  I             I
December 31 of previous year ......       26,000 00! .........     .
Balance   .......................1  $314,705 391 .........     1.---.-
A(ld  underwriting   expenses  unpaidl               I             I
December 31, end of the year .            31,500 001 .......       I
Underwriting expenses incurred dur-!                 i
ing the year .......        ......... ..............I   346,205 39!.
Underwriting losses and expenses ..............................         838,341
75
Gain from   underwriting   during the|               I
year ..............................               j      .   .       $155,966
68