PEOPLES NATIONAL FIRE INS. CO.                             757
UNDERWRITING AND INVESTMENT EXHIBIT.
._~~                  ~      ~~~~~~~~~~~~~~~~~~~~~ ,         I
U)NDERWTtITING EXHIBIT.             i              I
I              II
Premiums.                 I              I
Total    premiums,    $863,647.01,  lessl
$791.38 ...                             '  $862,855 631 .........       ..............
Add unearned premiums I)ec. 31 of!
I)revious year, and $8,504.42 reclaim-I
alble on Iperpjetual insllrance ..... .   . 645,514 3031 ...........1
I I I
Total ........................... 1$1,508,369 961 ............ I..............
Deduet unearned premiums Dec. 31,j
end of the year, and $11,176.23 re-I
claimable on perpetual insurance ... 1     587,641 621 ............
I            - 1              I
Premiums earned during the year .... I.............. l     $920,728 341
UNDERWRITING PROFIT AND I                             I
LOSS ITEMS.                 I              I
Gainl from  agents' balances previously               I               I
cehared off-, $11.82, and from   otberl               I             I
underwriting income, $32.19 ........           $44 01! .             I.......
Agents' balances and. bills             I                              I
receivable not admitted
Dec. 31, 1911      ..         $1,184 241 ..............
Agents' balances and bills              I               I             I
receivable not admitted               I              I
Dec. 31, end of the year.     2,199 931 .............. I--.-.-
Loss from   above ..............      I,..     1,015 691 ......         I
Loss from    ulnderwriting   profit andl               I
loss items ..                            ............         971 6,!-.-
-..
Tinderwriting   income earned     11duringl
the year ......                       ....     .......        ... $919,756
66
'I             I              I
LOSSES.                  I              I
Losses paid .I...............      .....    $658,516 401 ..........     -.
  ..;
Deduct unpaid losses Dec. 31 of pre-I1                 I
vious year ......................... 1     149,887 211 ........       ;.1
I          I            .~  I
Balance   ..               .   .      $508,629 19! .........
Add unpaid- losses Dec. 31, end of thel !
year .............................     1    76,767 241 ........
Losses incurred (luring the year..-.I.................. 1  $;585,396 431.........!.
.
UNDERWRITING EXPENSES.               I
U~nderwriting   expenses paid    during!               I
the year .I.........................      $449,856 591 .........     .
Deduct underwriting expensts unpaidl                   I
Dec. 31 of previous year .........           9,765 251 .......   .
Balance .                             $440,091 34! .............. . .............
Add   underwriting    expenses   unpaid!
Dec. 31, end of the year .                  10,000 001 .....................
U~nderwvriting expenses incurred dur-!
ing the year.I *-------------------                       450,091 34..............
Underwriting losses and expenses............................... l1,035.487
77
Loss from    un(lerwriting dulring thle                I
yonr~ ~ ~~~~?                                   I................  $1152,
7 31 1 t
year ..I.......................