3158                           COMMERCE INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT
_~~ I
UNDERWRITING EXHIBIT.
Premiums.
Total premiums ..............               $256,336 63 ........        ..1
Add   unlpaid  return  and reinsnrance                           ..
premiums Dec. 31 of previous year            1,753 99 .............     
..........
Total .                               $258,090 621 .............. ..... 
    |*.......
Deduct unpaid return and reinsurance             ,              .
premiums Dec. 31, end of the year            7,066 101 ..........     1
Balance .......              .        $251,034 52. ..
Add unearned premiums Dec. 31 of l                      I              I
previous year ......                       228,358 651 ............
e Total ...........$..4...........     179,393 10] .........      I.-
Deuct unearehed premiums Dec. 31,                                    I
e01d of the year .238,744 861 ..................                        
      .
Premiums earned during the year ................             2   6   3..............1
 I
UNDERWRITING PROFIT AND
LOSS ITEMS.
Agents' balance and bills                               I
receivable not admitted
Dec. 31, 1911 ..........       $5,36 57 .     ,    ....       ....... ...............
Agents' balances and bills
receivable not admitted                                              I
Dec. 31, end of the year        867 37 ................
Loss from   above ..............                  330 80    ....
Loss from      underwriting  profit and
loss items .......                      .                     330 801.
Underwriting    income earned     during
the  year .......................... ..............                     $2
        . ..............  1$240,17 £1
LOSSES.                  |
Losses paid ..........................      $153,052181 .........       I
Deduct salvage and      reinsurance re-I                I
coverable Dec. 31, end of the year]          1,405 731               I
Balance    .       .     .........    $151,646 41 ,,       1
Deduct unpaid losses December 31 o               ,
previous year        .     ...........I     26,869 06 ..........
Balance    ...... ....,,,..........  $124,777   39  .. . . .    ..  . .I
... ..
Add unpaid losses December          31, end
of the year .          ............         24,951 841 ..
I         ~~~~~~~~~~~~~~I
Losses incurred during     the year        . ............. 1  $149,729 23
.  .......  .
I     .                       1
UNDERWRITING EXPENSES.                I
'Underwriting   expenses   paid   duringl                              I
the year   ....                      I .................  $106, 680 31] .........
  I..............
Deduct underwriting expenses unpaid                     I              I
Dec. 31 of previous year ..........         4,708 171 ......          -.
       .
Balance .......................      $101, 972 14]      .............
Add   underwriting      expenses  un paid
Dec. 31. end of the year .....     .....     4,933 00 ............ ...........