422


FEDERAL UNION INS. CO.


UNDERWRtITING AND INVESTMENT EXHIBIT.
_    _          , I   ,              I~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~-
I  \  I   I         I
UT TY" n -Axr-irp -ir-%T1-  ros' l  J  I    I


I   JLJJ wJu V i'  L h LiN   I A fl IBLS l.


Premiums.
Total premiums .
Add unearned premiums Dec. 31 of
previous year ......................
Total ...................
Deduct unearned premiumss Dec. 31,1
end of the year .....................
Premiums earned during the year....l
UNDERWRITING PROFIT AND
LOSS ITEMS.
Gain from agents' balances previouslyJ
charged off..-    ..  ............1
IJnderwriting income earned     duringn
the year ............................
LOSSES.
Losses paid .     ....................
l)educt salvage and reinsurance re-1
coverable Dec. 31, end of the year..-
Balance ....................... 6
Add salvage and reinsurance recover-I
able Dec. 31 of previous year .......
Total ............................
Deduct unpaid losses Dec. 31 of pre-I
vious year ..........................
1-
Balance  ...-I..... ..... .... .. 1
Add unpaid losses Dec. 31, end of the1
year .               1
Losses incurred during the year .....
IJNI)EIRWRITING     EXPENSES.
ITiiderwvriting expenses paid during?
the year ........................... I
Dedunet underwriting expenses unpaid I
Dee. 31 of previous year .............
Balance ........................
A1dd underwriting    expenses   unpaidl
l)ec. 31.


$117,500 291..............
50,215 761..............
-$167,716 051 ..............
60,304 261..............
.............. .  $107,411   79
1              1


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


$56,861 46!.
264 541.
$56,596 921.
602 281.
$57,199 201.
18,464 431.
_I
$38,734 771..
23,219 941.
. I
. . . . . . . . . . . . $,s


22 521..............
-  I   .
......   $107,434 31
. . ..  ... ......... !*  --
..........     ..
..............
.......           .
........1
...... .......
954 7   1 .......




$37,183 08! ........       .
1,800 oo ......0
I                I
$35,383 08! .......        I
I              I
1,800 001.


UTnderwriting expenses incurred dur-1-           I            I
ing the year .         ......................37. 1  37,183 081
Underwriting losses and expenses ..................I.............1  99,137
79
Gain from  underwriting during thel
year ..                                           1..            $8,296 52
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