STATE ASSURANCE COMPANY.                            1035
UNDERWRIITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.              |
Premiums.
'Total premiums .$111,630 061.                                          ...........
Add unearned premiums. Dec. 31 of 1
previous year ...............             106,292 981 .........    I
Total ...                           $217,923 041        ........       ....
-Deduct unearned premiums Dec. 31,1         1_                    . .
end of the year ...............           108,674 971 ......
Premiums earned during the year ..................1 $109,248 071.
UNDERWRITING PROFIT AND
LOSS ITEMS.               !                            I
'Loss from agents' balances charged off         $15 481 .....-.-.-1s .-.----
-Agents' balances and bills            1
receivable not admitted                            1
Dec. 31, 1911 ............  $3,404 751 ..-         I.............
Agents' balances and bills             1
receivable not admitted
Dec. 31, end of the year.    3,729 061 ......       I            I
*Loss from  above .....................I       324 311.
Loss from    underwriting   profit andl
loss items .......... I ................                   339 791..
I         ~I       _   -
"Underwriting- income earned     during
the  year          ................................... I  '          $108.908
 28
LOSSES.                 1                           1
-Losses paid ..........                     $64,249 411 ...............
-Deduct unpaid losses Dec. 31 of pre-                 I
vious year .....................           13,000 521 ..
Balance ....................         $51,248 891             ...
Add unpaid losses Dec. 31, end ofthel                I
year ...                                   6,850 551 .
____________I_____   II
'Losses incurred during the year ................... 11   $58,099 441.
UNDERWRITING EXPENSES. 1
-Underwriting   expenses paid   duringl
the year ....................   1        $43,078 331 ........ 1
-Deduct underwriting expenses unpaidi                 I             1
-Dec. 31 of previous year..                4.000 001 .
Balance   ....        ............   $39,078 3
Add   underwriting   expenses   unpaidl              I
Dec. 31, end of the year.            1     4.000 001 .
-Underwriting expenses incurred dur-1                               I
ing the year ..............4..............              43,078 31       .
....._..
-Underwriting losses and expenses ..............................        101,177
77
,Gain from   underwriting   during  thel
year ...$7..........                     -    .   . .........      -    7,
730 5t
1=    =  =   =1-…=-==--