510


ULENS 1ALLS INS. Co.


UNDERWRITIN G AR ND INVESTMENT EXHIBIT-Continued.
Balance .                         $844,450 391 ......       .......
Add underwriting    expenses unpaid                           .
D~ecallember   31,   endle   oi   the   ysea!  '' 3t 00   ........ I''''
  ..............
Underwriting expenses incurred dur-]              l
*ing the year ...........         '.'.'.'...'..     878,450 391 .
Underwriting losses and expenses   .|                          1 2,027,644
42
(Gain from  underwriting during thel
year  ................................  ............................ 1  $605,267
  57
INVESTMENT EXHIBIT                                        I
Interest and Rents.                                 .
Interest, dividends and rents receivedl
(luring the year ...   .       .      $256,965 861 ........    I
Deduct interest, dividends and rents                           l
accrue(l December 31, end of the
year ........       .                  44,711 891.I. ..'
Balanee .....         .           $212,253 !71 .........   1
Add interest, dividends and rents ac-I           I
crued December 31, end of th eyearl     52,188 21          .   .  ...
I            I
Total           .      .      .I .              $264,442 181.
PROFIT ON INVESTMENTS.          t
Gain from sale of ledger assets ....     $1,698 00 ............................




Ga... trL~ iL  ijacr~ease   in  b-vok   value   oil  21 4 3 7  . . . . .
..
ledger assets          .      .                          .       .............
Gain from   change in difference be-I                            I
tween book and market value dur-
ing the year .......................     7,152 501 ......        1.     
 .
Profit on investments during the year ..............I   30.344 251 ......
 .
.nve~trnent income earned during thej  I  $294,786 43
Inlvestrinent illcome earned during thel           I
yel r. ......................I ...............I............ I       2i94,
786s 43


LOSS  oN INVESTMENTS.  I


l(oss flo-nt dleelaease in book value ofl,
ledgerl   ts.I...          .             $29,702 00
r.oss fronm other livestments .....         85,000 0
Io4ss on Investmellts dnring the yeair..............


..............
I$11 4, 70 Xxl


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


INVESTMENT EXPENSES.


I


Investment expenses paid during the               I             I
year ................................ I...........I   19,551 851.
Investment losses and expenses dur-               I
ing the yer       .           ....... . ......                    134, 253
85)
G~l from investmens            a .       .......$1,53 8
Gain  from. investments during     thel                         I
year ................. I .............. ............ I' $160,5B32 B8
1 -   --   -= -      -- - - - -====