1142     BOSTON MANUFACTURERS MJT. FIRE INS. CO.


IJNDERWRITING AND INVESTMENT EXHIBIT.
1I                    I      -    ~
UNDERWRITING EXHIBIT.
Premiums.                               I
Total premiums .....                     $2,217,000 481 .......................
Add uuearned premiums Dec. 31, 1911 1,354,265 181.
Total.                             $3,571,265 661 ...
Deduct unearIed     premiums Dec. 31,f
1912 ............................... I 1, 402,4405 141..........
I              II
Premiums earned during 1912 .................. .............. $ 2,168, S60
52
LOSSES.                  I
Losses paid ...........................      $83,699 68 .........
Deduct unpaid losses Dec. 31, 1911 ....        3       431............................
Balance   ........     ............... 1  $80,204 251 ...........
Add umipaid losses Dec. 31, 1912 .......       7,459 79j1 ........     .
Losses incurred during 1911 ...........   ............. 1  $87,664 041.
UNDERWRITING EXPENSES.
Underwriting    expenses   paid  during1
1912 ..                                   $176,463 141 .... . .. . . . .
Deduct underxvriting expenses unpaidl                  I             I
Dec. 31, 1911 .........               1    16,469 251 ...........   I
Balance   ...         ...... I           $159,993 891 ...........  I   .
Add   underwriting    expenses   unpaidf               I
Dec. 31, 1912 ..........        .          28,501 391 .......        ..............
Underwriting expenses incurred dur-j |                                I
ing 1912 ................................ I              188,495 281.
Underwriting losses and expenses ................................. 1    
 276,159 32
Gain from underwriting during 1912. .                   .              $1,892,701
20
INVESTMENT EXHIBIT.               I              I
Interest and Rents.           I              |
Interest, dividends and rents received]                |              I
during the year ...............        1$109,480 701 .......         I
Deduct interest, dividends and rentsl
accrued Dec. 31, 1911 ...............I     39,587 49 ..............
Balance   ....:.....    . I...  ...   $69,893 21 .....          ..............
Add interest, dividends and rents ac-I      $         2
crued Dec. 31, 1912 ..................     39,600 41 .......         .
Total ...     .        ..              |.               ...      -   - -
    -    -   -       |   *    -   -   -   -   -   -        -       -   -
  -       |$109,493 62
LOSS ON INVESTMENTS.
Loss from sale of ledger assets .......        $900 ool .....          -l-.
Loss from   decrease in book value ofl                                I
ledger assets ......................           297 001 ........ 1----   
.....--...
Loss from      change in difference be-I
tween book and market value dur-
ing the year ....          .......         35,155 °°I-......-......
............
Loss on investments during 1912 ......I ..............     $36,352 00o.