316                          CALUMET INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT-Continued.
UNDERWRITING PROFIT AND                                        i
LOSS ITEMS.
Gain  from   agents' balances previ-I
ously charged onft ..................      $831 40j.
Loss from   agents' balances chargedl
of  .................................     1,220 891 ......       I
Loss  from   above  ......... .. ..........  $389  491..............I..............
Agents' balances and bills                 .
receivable not admitted
Dec. 31, 1911 ........     $1,543 221 .......      I.      .
Agents' balances and billsl
receivable not admitted             I
Dec. 31, end of the year      4CO 67i7.............. ..............
Gain from   above     .      ...........    1,092 55j      .       ...
Gain from   underwriting   profit andl
loss items  ......................... ..............     703 061.
Underwriting income earned during
the   year  ..... ..............  ....     ....... ..............  $452,782
 t1
LOSSES.        .l
Losses paid   .......  ...............   $272,261 731- .         I..............
Deduct unpaid losses December 3iiofi               I.
previous year ....      .......1         51,512 121..............I
I ~~~~~~II
Balance .....I                     $2210,749 61        . .............
Add unpaid losses December 31, endl                 l            I
of the year .56,903_79......                                 ..       ........
Losses incurred during the year .... ..............    $277,653 401.
UNDERWRITING EXPENSES
Underwriting expenses paid during!
the year ............   .............I  $162,999 521 .............. ..............
Deduct underwriting expenses unpaid
December 31 of previous year .....       10,000 00. ............................
Balance .................. ---     $152,999 52I ......   .. l      .
Add   underwriting  expenses   unpaid I                          I
December 31, end of the year      .      10,000 00 ......
Underwriting expenses incurred dur-I
ing the year ......................T..............    162,999 521.
I             II
Underwriting losses and expenses ..................I.............l   440,652
92
Gain from   underwriting during the                I
year          .....                 ....        . .   . l           $12,129
18
INVESTMENT EXHIBIT.            f
Interest and Rents.
Interest, dividends and rents received1
during the year ...           l           $26,786 56 .............................
Deduct interest, dividends and rents         ,
accrued December 31, end of the
year .........                            6,376 58  .......... ..............
Balance ..           ......         $20,409 98 ..........      ..............
Add Interest, dividends and rents ac-
crued December 31, end of the year       .5,809 1..       .    . ..............
Interest and rents earned during the
year ................................ ..............  $26,219 89 ........
 .