580               LIVERPOOL & LONDON          & GLOBE INS. CO.'
UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.
Premiums.
Total premiums .......................$235,124 461... I..............
Add unpaid     return  and  reinsurance ,
premiums Dec. 31, 1911 .............        25,603 68j........         .............
Total ..........................      $260,728 141     .        ...............
Deduct unpaid return and reinsurancej                   I
premiums Dec. 31, 1912 .............        30,005 021 .........      I 
 .     .
Balance .$230,723 12 ..............
Add unearned premiums      Dec. 31, 1911     232,333 05 ..............
Total ...................             $463,056 17I           l.
Deduct unearned premiums Dec. 31,1                      l             .
1912 ................................      236,215 351 ...........    I
Premiums earned during 1912 ........ ..............        $226,840 821 .
UNDERWRITING PROFIT AND
LOSS ITEMS.
Agents' balances and bills receivable                            M
not admitted Dec. 31, 1911 ..........         $599 17.............. ... 
     .
Agents' balances and bills receivable
not admitted Dec. 31, 1912 ..........       13,413 84 ......            ..............
Loss from above            .          .... ..............    12,814 67 .
Underwriting income earned during
1912 ...                                .............. .............    
$214,026 15
LOSSES.
Losses paid ...                             $137,099 64 .........       
  .
Deduct unpaid losses Dec. 31, 1911 ...        29,781 0    :: .........:
Balance ........................      $107,318 64 1.
Add unpaid losses Dec. 31, 1912 ......        21,729 00 .
Losses incurred during 1912........................-       $129,047 641 .
UNDERWRITING EXPENSES.
Underwriting    expenses paid    during1
1912 .       ...                       -   $63,567 211     .      ..... I..............
Deduct underwriting expenses unpaidl                    I.
Dec. 31, 1911 ..................            21,036 991 ........
Balance .I.... $42,.530 221....l                                        
    .
Add   underwriting    expenses   unpaid                               .
Dec. 31, 1912 ......                        22,202 58hi ......... 1
Underwriting expenses incurred dur-!           l
ing 1912 ............................1..............       64,732 801 .............
Underwriting losses and expenses.... ..........          ..............1
  193,780 44
Gain from underwriting during 1912.            .        ..............  
  $20,245 71
INVESTMENT EXHIBIT.               I |
Interest and Rents.            I              If
Interest, dividends and rents received                  I
during the year .     ............I        $32,856 411 ....    .... .   
     .
Deduct interest, dividends and rentsl                   I              l
accrued Dec. 31, 1911 ...............        4,462 50!....................
Balance. .                                                       I
Baac ..............1........... $28, 393 91-.......1........