l)ETROIT FIRE & MARINE INS. CO.


397


UNDERWR"CITING AND INVESTMENT EXIIHIBIlT-Continued.
Underwritin- income earned       duringl I
the year             ...                       ...... ..|.-.           $587,322
40
LOSSES.                                1
Losses Paid .......... ............t 65 ......51               .. ... ............
D)edunct unpaid losses Dec. ot of pre-                               l
vious year ......... -..........           61,410 451 .......  1
Bailanoe  .....                     $277,641 201 .*.-.-.-.-.-.-.-I-.-.-.-.-.-1
Add unpaid losses Dec. 31, end of thel                 I             I
year ................................      56,224 811 .......        1
Losses incurred during the year ...... .  .............   $333,866 01 .............
UNDERWRITING EXPENSES.                                            I
Underwriting    expenses paid    during                              I
the year ...........................     $271,427 57f ......... 1
Deduct underwriting expenses unpaid                                  I
Dec. 31 of previous year .............      7,749 201.............. ..............
Balance ........................ 1   $263,678 371..............I..............
Add   underwriting    expenses   unpaid                I             I
Dec. 31. end of the year............1       9,696 881..............I..............
Underwriting expenses incurred dur-I               _
ing the year .......................     .......... . 1  273,375 251.
Underwriting losses and expenses.       ...I.............. ..............
 607,241 26
Loss from    underwriting   during  the
year ............1...... ...                   .                        $19,918
86
INVESTMENT EXHIBIT.               1
Interest and Rents.
Interest. dividends and rents received I
during the year ....................      $98,407 781..............I..............
Deduct interest, dividends and rentsl                  I             I
accrued Dec. 31, end of' the year....      25,918 62! .
Balance ............                  $72,489 616............................
Add interest, dividends and rents ac-
crued Dec. 31, end of the year .....       22,258 93 ¶.            
.    .
Total ........................... ..............     $94,748 09!.
PROFIT ON INVESTMENTS.
Gain from   sale of ledger assets ....... . ..............     260 20!.
Investment income earned during the
year .........................I.......1                                 $95,008
299
LOSS ON INVESTMENTS.
Loss from   sale of ledger assets ......     $2,212 90! ..............
Loss from     decrease in book value of                I              I
ledger assets .......................       1,276 371 ......         .
Loss from      change in difference be-
tween book and market value dur- 1
Ing the year .......................          569 34 .              ..............
Loss on investments during the year .. ..............      $4,058 611.


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