502                    GIRARD FIRE & MARINE INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT.
1!ND)E1IXWRITING     EXHIBIT.                                      I
Premiums.
Tot-al     p 1 lul eliums,  $845,352.74;  lesslI
*9,185.85) 1reinsuance .........          $8i ... 1  $819,546 S91 ..........
  I
Add unearned premiums Dec. 31 ofI                       I              I
previous   year, alnd  $613,829.60  re-               II
claimable on perpetual insurance.. .1 1,652,137 77             .      ............
lotal ........................... 1$ 2,471,684 661..
D)educt unearned    premiums Dec. 31,1
end of the year, and $598,814.30 re-I                 I i
claimable on perpetual insurance. .1 1,552,602 501.
Premiums earned during the year            . .I............  $919,082 161.
UNDERWRITING PROFIT AND
LOSS ITEMS.                 I
Gain from   underwriting income....              $220 50.............................
Loss from    agents' balances charged l                 I
off ............................18 391......
Gain from   above .    .    .............        I202 III .....         I
Agents' balances and bills
receivable not admitted
Dec. 31, 1911 .............  $3,126 32 ..............          ...... ..............
Agents' balances and bills
receivable not admitted                                .        .
Dec. 31. end of the year.     1,807 19 ..............
Gain from   above .............                1,319 13|.
Gain   from  underwriting    profit andl ' ,
loss items .*---------                  ..............      1,521 241.
l         ~~~~~~~~~~~I .
Underwriting    income earned     duringI               I              I
the year                             .          .         .           1 $920,603
40
I              1
LOSSES.                  I              I              I
Losses paid .........                       $ $407,474 141 .......................|
D1educt unpaid losses Dec. 31 of pre-I                  I              I
vious year ...         ....... I            69,829 001 .
Balance .. ....... - , -...           $337,645 141. .........
Add unpaid losses Dec. 31, end of thel                  I              I
year ................................ 58,050 00
Losses incurred during the year ......$.............. |395,695 14 .
UNDERWRITING EXPENSES.
Underwriting    expenses   paid   during
the year ............................    ,$391, 647 SI1 .........
Deduct underwriting expenses unpaidl.
Dec. 31 of previous year ............        3,500 00o ....... t     I
Balance                                388,147 811 ..............  I.....14S1....1
Add   underwriting    expenses   unpaidl     $         SI
Dec. 31, end of the year .............       3,500 001-.........
n I nder-viI tI g expenses incurred dur-I
ing tlw year .........          .       .                 391,647 81
Underwriting losses and expenses......                                  
   787,342 95
Gain   from  underwriting    during  thel                              I
year ....            .   ..             .............. .........    ... 
$133,260 45
I=  =   =   -I=     …=   -=-i  .==       -