528


HANOVER FIRE INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT.




UNDERWRITING EXHIBIT                                7
Premiums.
Total premiums .........     .............  $2,772,861 52               
.     ..........
Add unpaid     return  and   reinsurance       4
Ipemiums Dec. 31, 1911 ............          4,0,801 171 .........
Total ..........................I $2,813,662 681 ............      .    
  .
Deduct unpaid return and reinsurance                     I I
premiums Dec. 31, 1912 .............         481,916 58! ..........     .
  .     .
Balance ..... :111,1         ,... $2,764,746 1 -*@-@@-e***--e
Add unearned premiums Dec. 31, 19111 2,275,288 231-::::-
Total ....1...... 1 $5,040,034 33!1 ............                   .    
  .
Deduct unearned     premiums Dec. 31,                 1
1912  .................................                   2,        701,091
59.
Premiums earned during 1912 ...... ............1 $2,338,942 741 .......


UNDERWRITING PROFIT AND
LOSS ITEMS.


Gain from agents' balances previously|
charged off ........................       $209 7C
Loss from agents' balances charged!
off        .        .................        677 14
Loss from   above ....................       $467 38
Agents' balances and bills.
receivable not admitted
Dec. 31, 1911 .  ...........  $2,026 11
Agents' balances and bills
receivable not admitted_       _
Dec. 31, 1912 .1,951 011
I
Gain from above .....................          75 10
Loss from underwriting profit andl
loss items .......                   1
Underwriting Incomie earned during|
1912 .......                              1


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


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


392 28!.
I           ~~~~~~~~~~~~I


$2,338,550 46


I . I     1,x  l111iX%


Losses paid ....................            $1,290,720 591 ...........  
.
Deduct salvage and      reinsurance re-1                 I              I
coverable Dec. 31, 1912 ............          R,888 39 !.-.---....
_________  -,                  I
Balance    ........................$1,281,832 20!..............         83........
Add salvage and reinsurance recover-!                    I              I
able Dec. 31, 1911 .     .............. 1     6,941 751 .
Total   ............ I .............. 1$1,28,773 951.....             77
Deduct unpaid losses Dec. 31, 1911 ..1        254,847 861 .
1              1               1
BalanAde             ....dI          $1,0.3,926 091   . .......... I..............
Add unpaid loss-e's'ec~. 31, 1912        J    25.9,922 411 ..............
   ...........1
Losses incurred during 1912 ...................... 1 $1,293,848 501.
I               I              I