1086                          MANgHEtM INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.                               |
Premiums.
Total premiums ...................... 1$1,447,514 691 ............ I
Deduct unpaid return and reinsurancel                   I
rlellillums Dec. 31, 1912.....          1   57,707 891 ..........     ..............
B;lance.Ill 0 S'.$1,389,806 801....
Add llnearned j)remiunls Dlec. 31,1911       337,173 441...............
Total .      l.. 1$1,726,980 24 ..
Deduct unearne(l pre     iums I)ec. 31,1     .
1912 ...                                   339,936 47[ .              ..............
Premiums earned during 1912. ..................... .     $1,387,043 77I.


7UNDERWRITING        PROFIT    AND    j
LOSS ITEMS. I
Loss from agents' balances charged I
off      .        .                        $1,635 31
Agents' balances and bills             |
receiNabl(e -not -admitted.
Dec. 31, 1911 ............. $29,098 33 .
Agents' balances and bills
receivable not admitted
Dec. 31, 1912 .13,657 681.
_     I
Gain from   above    .     .I.......         15,440 65
Gain from    underwriting   profit andl
loss items ...........,..
1.
Underxvritin-  income ealrned   duringl
1912 ........................... !        .


I


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


~~~~~~~~~~~~~~~~~~~~~~~~~~I I
1
13,805 341 ..............


LOSSES.                  i              i
Losses Paid ..........................     $769,281 74.1...........
D)educt unpaid losses Dec. 31, 1911 ....     83,823 481.
Balancee.. ...........I               $685,458 261 .
Add unpaid losses Dec. 31, 1912 .......     183,458 041.
Losses incurred during 1912 .....2....................   1  $868,9:16 30
ITNDEiItWvI'l'ING EXPENSES.         I              I
Underwril il. expenses     paid  duringf
1912 ..1...................              $400,027 501 .
)ed lltf iifllderwriting expenses unpalidl
1De1. :     .1. 1911..                     25.5(0 001 ..
Bl I   e .......... ...............I  $;374,527 59! .............
Add   lmumlewitill- expenses    unpaidI
1)Dc. 31, 1912 .....................       42,606 81 .
ld(lerwritino, expenses incurred dur-I
ilug 1912 ......................................... . I  417,134 311
Underwriting losses and expenses .      ...    l
G.ain from underwriting during 1912.


I1 ;400,849) 11
.............  ..........
1............. -
..............
..............


1..............
..*............
1............i..
t, 286, 050 Q~
$114,798 5;0
--  =_ _ _ _ _ _ _ -   :::