1216


MILLERS NATIONAL INS. CO.
U
UNDERWRITING AND INVESTMENT EXHIBIT.


UNDERWRITING EXHIBIT.
Premiums.
Total premiums ..................
Add unearned premiums Dec. 31,1911.
Total.
Deduct unearned premiums Dec. 31,
1912, and $286,615.14 reclaimable on
renewal insurance.
Premiums earned during 1912.
UNDERWRITING PROFIT AND
LOSS ITEMS.
Gain from agents' balances previously
charged off ........................
Agents' balances and bills receivable
not admitted Dec. 31, 1912...........
Gain from underwriting profit and
loss   items  ......................
Underwriting   income earned    during
1912 ...............................
LOSSES.
Losses paid ...........................
Deduct unpaid losses Dec. 31, 1911....
Balance .........................
Add unpaid losses Dec. 31, 1912........
Losses incurred during 1911 ........


$467,250 23
627,522 94
$1,094,773 17


.............. I..............
.............. I...............
I
I        ...  .  . .


I


686,068 00
..............


. . . . . . . . . . . . . . I ..............
$408,705   171 ..............
I


$366,696 49
74 63
-_     _   _


366,621 86
..............


.$775,327 03


$432,911 87'1 .............. ..............
43,631 98 .............. ..............
$389,279 8( .............. ..............
67,197   5  ..............  ..............
..............  $456,477   47  - - - - - - - - -


I


UNDERWRITING EXPENSES.
Underwriting    expenses  paid   duringi I
1912  ...................  ............  $243,893   80  ..............  ................
Dedute underwriting exp nses unpaid
D ec.  31,  1911 .........................  18,623   17  .............
Balance   ..........           ...   $225,270   63   i .............  ...............
Add underwriting exp nses u aid
D ec.   31,   1912  .......................  21,357   79  ..............
 ..............
Underwriting expenses incurred dur-
ing     1912  ............................   ..............  246,628   421
..............
Underwriting losses and expenses ..... .............. ..............    
703,105 89
Gain from     underwriting during 1912 .. ............                  
$72,29-1.1 14
INVESTMENT EXHIBIT.
Interest and Rents.
Interest, dividends and     rents received
during   the   year .....................  $76,728   011 .............. 
 ...............
Deduct interest,. dividends     and  rents            I
accrued   Dec.  31,  1911 ................  24,564   951 .............. 
..............
13alance  ........................    $52,163   06  ..............   ..............
Add interest, dividends and rents ac-
crued   Dec.  31,  1912 ..................  30,013   19  .............. 
..............
Total  ...........................   ............... 1  $82,176   25 ..............