GENERAL PIRE ASSUJRANCE CO.                              925
UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING         EXHIBIT.       I              I               I
Premiums. I I I
Total premiums ..............-....          $400,970 211 .......................
  .
Add unpaid     return  and reinsuracel                  I              I
premiums Dec. 31 of prev-ious years         14,956 961.
Total .........................       $115,1327 171.
Deduct unpaid return and reinsurancel                   I
premiums Dec. 31, end of the year .I1       26,548 781..
Balance .    ........................I  $389,378 391.
Add unearned premiums Dec. 31 of1                       1
previous year .                            221,549 991...............
1            -I               I
Total ...........................1    $610,928 S81......
Deduct unearned     premiums Dec. 31,1                  1
end of the year ............            1   306,104 711 .......  .
1-- ____ -    I              I
-  I           I              I
UNDERWRITING PROFIT AND 1
LOSS ITEMS.                                |
Agents' balances and bills receivable,                  I              I
not admitted Dec. 31, 1911 ..........I        $159 311 .....          -
Agents' balances and bills receivable                                  I
not admitted    Dec. 31, end of thel                  1
year ............ .............                 7,08 241 .
*                           ~~~~~                 ~       ~~~~~~~~~~~~~~~~~~~~I-
 -I  I
Loss from   above ............. *                               548 931.
Underwriting    income earned    duringl                I              1
the year ........                                      .             1 $304,274
74
LOSSES.                  1              1
Losses paid    ---                          $147,925 041 ..
D)educt salvage and reinsurance recov- I                               1
erable Dec. 31, end of the year .....        7,688 221.
_         ~       ~~I     I
Balance .    ........................I $140,236 821.
Deduct unpaid losses Dec. 31 of pre-l                   I              I
vious year .....................            20,443 251.
_  _  _ _   _    I            I
Balance ...                        1 $119,793 571 ...... ;
Add unpaid losses Dec. 31, end of thel                  I              I
year   ....................                 32,155 921 .......        |
1      -I                 I
Losses incurred during the year ......                     $151,949 491.
UNDERWRITING EXPENSES.
Underwriting    expenses paid    durin-l                I
the year               ..1 $159,202 541 ........                      ...
Deduct underwriting expenses unpaid                     I              I
Dec. 31 of previous year ............         7,621 971 .......................1
_-             I              I
Balance ........................      $151,580 571     ..       ..I
Add   underwriting    expeises   unpaill                I              I
Dec. 31, end of the year .............-      8,000 00 ......         I
I  _   _ _   _ I              I
Underwriting expenses incurred dur-1                    I              I
ing the year .......................         ...... 1     159,580 571.
Underwriting losses and expenses.        ..............          |11, 58,?0
06
Loss from    underwriting    during thel                I              I
year . .                        ..............                          
 $7.255 52