LUMBER INS. CO.


585


UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.
Premiums.                 j
Total premiums ....................         $407,101 811 .
Add uiiearned premiums Dec. 31 off                      I              I
previous year ..........        .           280,325 571 ..........    i
Total ..........                   1   $687,427 381 ............ 1
Deduct unearned premiums Dec. 31,1                      1              I
end of the year .................           267,591 781 ............ j
Premiums earned during the year        .   .............    $419,835 60.
UNDERWRITING PROFIT AND 1
LOSS ITEMS.                            I
Gain   from   agents' balances    previ-
ously charged off ..............       I 1  $1,956 19 ..................
      .
Loss from    agents' balances chargedl                                 I
off .........................                 1,982 741 ..            ..............
I                 II
Loss from   above .....................I         $26 Io...      ....... -.1
Agents' balances and bills receivable
not admitted    Dec. 31, end   of the
year ......                                   4,514 40 .              ..............
Loss from    underwriting    profit andl
loss items ........                   l .          I         4,540 951.
Underwriting    income earned     during|
the year ..............       . .......             . I.                $415,294
65
LOSSES.


Losses    paid  .........................                ..............
Deduct unpaid      losses  December 311                                 I
of previous year ...................I        56,823 621.
*                     I             ~       ~      ~~~~~~~I  1
Balance .........................       $168,932 131.
Add unpaid losses December 31. end                       I .
of the year          .           ........    4        10 921 5511
I       I - -I
Losses incurred during the year .... ...............        $209,853 681.
UNDERWRITING EXPENSES.
Underwriting    expenses paid     during|
the year ......                         l $194,852 37 .
Deduct underwriting expenses unpaid.
December 31 of previous year.40,252 441............................
Balance ......                         $154,599 931 .........      I
Add   underwriting     expenses   unpaid                 I
December 31, end of the year ......            7,595 861.    ......... I
Underwriting expenses incurred dur-|                          1         1
ing the -ear ........................            ------1   162,195 79
Underwriting losses and expenses ............            ..............|
    372,049 47
I               I              I
Gain   from  underwriting    during   thel.|__
year  ...................................     ........s  .  .............
 $43,245  18