RELIANCE INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT.


789




UNDERWRITING EXHIBIT.
Premiums.
Total premiums, $912,589.37 less $4,-l
812.00 ............................. i $907,777-371 .........      l
Add unearned premiums Dec. 31 of i                                 I
previous year, and $123,02!5.95 re-j               I
claimable on perpetual insurance   .j 1,047,820 46i ...........
Total ........................... $1,955,597 831 j.
Deduct unearned premiums Dec. 31,J                   l
end of the year, and $122,464.60 re-I
claimable on perpetual insurance 1..    ,017,794 281 .
Premiums earned during the year ..............          $937,803 551.


_


UNDERWRITING PROFIT AND           |             I            I
LOSS ITEMS.              t            I            I
Gain from other underwriting income        $481 34. .
Loss from  agents' balances chargedI             I             I
off .1                                  2,557 861 ............
I              I            I
Loss from above .                        $2,076 52j .......     .
Agents' balances and bills          I                          I
receivable not admitted           |             i
Dec. 31, 1911 ..........  $2,907 901 . .    ............  ..........
Agents' balances and bills          I             I
receivable not admitted         9
Dec. 31, end of the year   1,503 92 ..........
Gain from above ..........    .....       1,403 98 .
Loss from   underwriting profit and              I
loss items .        ........l.                         672 541.
I        ~      ~     ~~~~~~~I  I
Undesrwriting income earned during                                 9   3
th^ year ...1 .........................
LOSSES.                            i
TLsAs: lpaic1           l              $570.407 87


Deduct unpaid losses December 31 ofl
previous year ...........1                114,249 36
Balance ...         .......       |  $456,158 51
Add unpaid losses December 31, endl
of the year ...........         .         104,228 69
Losses incurred during the year .... ..............


*..............- *- -
1- ......- .... .. .o -
1-.........-..-
$560,387 20


..............
..............
..............
..............


UNDERWRITING EXPENSES.
Underwriting   expenses paid    duringl
the year ...........................     $416,462 43 .........      -.-.-..--.....
Deduct underwriting expenses unpaid!                  I
December 31 of previous year .....I        35,336 261 ........
Balance ...................          $381,126 171 ......   ..         |.
Add   underwriting   expenses unpaid                                I
D)ecember 31, end of the year ......       32,163 371 ...........   I
Underwriting expenses incurred dur-
ing the year ....................... ..............      413,289 541.
Underwriting losses and expenses ...1..1................. ........ .J   
973,676 74
Loss from    underwriting during thel
year .......................................... 1                      $36,5
  73


.. , ,. _7