252


AGRICULTURAL INS. CO.
UNDERWRITERS AND INVESTMAENT- EXHIBIT-Continued.




UNDERWRITING        EXPENSES.
Underwriting expenses paid dur-
ing the year.     ...................  $725,662 50
Deduct underwriting expenses un-
paid Dec. 31 of previous year         42,028 48
Balance   .....  ............  $683,634 }02
Add   underwritin g  expenses  un-
paid Dec. 31 end of the year...       41,334 01
Underwriting   expenses incurred
during the year ..............      ............
Underwriting losses and expenses    ..............
Gain  from   underwriting  during
the year.                         ..............
INVESTMENT EXHIBIT.
Interest and Rents.
Interest, dividends and rents re-
ceived during the year ........     $174,810 8S
Deduct   interest,  dividends  and
rents acerned Dec. 31, end of
the year ..................           42.410 93
n ~la nee  ....................  $12393
Balace$132,399 95~
Add inter.est. dividends and rents
accrued Dec. 31,end of the year        43,690 45
Interest nald rents earned during
the   e r  ........yea..............  ..............
PROFIT ON INVESTMENTS.
Gain fromn sale of ledger assets        $6,932 8S
Gain from  increase in hook value
of ledger assets ....     .........    3,583 06
Profit on investments during the
year  .....                       ..............
Investment income earned during
the year .....                    ..............
LOSS ON INV'ESTMENTS.
Loss from  sale of ledger assets..     $17,209 03
Loss from decrease in book: value
of ledger assets.                         694 80
Loss from change In difference be-
tween book and market value
during the year ....    ............   5,076 27
t:oss on investments during the
yea~r  .. I                   ,  .............
INVEST MENT EXPENSES.
.lnvestment expenses Incurred and
paid during the year ........
llnvestment losses asd expenses
during the year .............
Gain from investments during the
year ..............
=__=-.


..............
..............
. .. .. .. .. .. .. .
..............
7224, 968 03
......... ...... .. ... . *


..............
........ ..........
..............
....................... -
1, 576, 886 29
$50,4.'419 59
_ _ _ -  - _ _- - _


I
............... 111111111"I",


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


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


$176,093 401 ..............


10,515 86  .............


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


$186,6036 26
........ ....
............ ... @


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


$22!, 95 1( I..............


7,919 77


30,899 ST


...... ........  ,  $155,706  39