64:6)             NATIONAl BTEN        FR.ANKLrN      IlitE  INS. Co.
LJNDlillWCrITJNG    AND   INVESTMENT        EXHIBIT.
UNDERWRITING          EXI-IlBIT.
Premiums.
Total premiumis ...................... $1,525,588 441 ............. I
Aid lunearnzed   premiums Dee. 31 of l                   I
previous year ......................I      1,398,809 13..               ..............
Trotal .......................... l $2,924,397 57 .............. ..............
Deduct unearned      premiums Dec. 31,1
end of the year ..................... 1,609,100 Sof ............. ..............
Premiums etarned during the year....             ....     $1315,96 77
UNDERWRITING PROFIT AND I                               I
LOSS ITEMS.
Gain from agents' balances previouslyl
charged off ...................... ''I          $263 69f .......        .
Loss from    agents' balances- chargedc
off ...........................        I       2,355 44f.
Loss fromn above ......................        $2,091 7 f...
Agents' balances and bills
receivable not admitted
Dec. 31, 1911 ........... $9,215 21f ..           ..... .
Ageents' balances and( bills ,,-
receivable  not admitted
Dec. '1, end of the year.      5.108 611 ..........
Gain fromh above .. -........'.......1..         4,106 601 .f
Gaill frol    uinderwritin.g  profit andl                 |             
I
losss items .......                     I.   -...   - 1       2,014 851.
In(lelrwritig   ilicoine  earned  diuringf                              
I
the -el.                 ......          .............. ........1.1.'.1 $1,317,31
1 62
LOSSES.                   I               I
Losss      aid ..........................  $6      3 .6  .............................
Deduct salva a-c anti rehinsurance     re-f                             
  .
eovelntit le Nee. 31, elld of the yea i .     .210........4 411 .       
..,..
l ance.........I..           ........ 1  $694, 03,2 561 .........   I.
Addfl sa lv':'(' ant1iid reinurilsm ce recover-1         I
able D)ec. 1 of pieviols       ei r ......    1.).226( 061 .........    1
Total   ........         .   .         $709, 258 62j' ...  ... ............
D('ll(t .it ltad losses Dec. 31 of pie-I
ViOllS Yeir ...                             17 0, 35 6. s0221 ......... 
 I
hi.tl:tiit ps ..........         I ........ :8,6   01.............. I.
.'\dd ipit1 losses D)ee. 31, clud of thel                I              
I
ye1r ........ 2............                  204.617 871.              I
Lpsses incurred ciuring the ye'ar .              |         $743, 3106 971
.........