tPtON 1F 1th iNS. CO.


UNDERWRITING ANDINVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.
Premiums.
Tc">tal premiums ...............-.....1$350,981 59d .........   
  I.1....
Add unearned premiums Dec. 31 ofl                   I             I
Irevious year ............               186,935 121 .........   I
T otal .           .     .         $537,916 711 .       ......... I..........
Deduct unearned premiums Dec. 31,                   1             1
end of the year ............             252,690 511 .......      -.1
Premiums earned during the year ... 1.........$285,226 20
LOSSES.                !
Losses paid ..........,.I $194,124 031 .........
Add salvage and reinsurance recov-,                 I
erable December 31 of previous yearj          5 421I.
Total ..........................   $194,129 451.            I
Deduct unpaid losses December 31 of;                I             I
previous year ..........             1   24,434 30. .
_____________I            I
Balance ...........                ,$169,695 151 .
Add unpaid losses December 31, endl                 I             I
of the year ........................I    26,948 871 .
Losses incurred during the year        ...............I $196,644 021.
UNDERWRITING EXPENSES.             ¶             I             I
'Underwriting  expenses paid   during|              I
the year .......                       $128,606 071 ..........-..
Deduct underwriting expenses unpaid!                I             I
December 31 of previous year ..... l     31,210 821 .
Balance ..           .... I $97,395 251 .
Add underwriting     expenses unpaidl               I             I
December 31, end of the year .....I      38,650 27i .......      .
UJnderwriting expenses incurred dur-I               I             1
ilg the year .   ................I.............   1   136,045 521.
UJnderwriting losses and expenses      ...............I ..............  332,689
E4
Loss from   underwriting during thel                                   4
     I
year .........................I $47.463 34
INVE3STMENT EXHIBIT.
Interest and Rents.
Interest, dividends and rents recelvedl             I
dunring the Year             ........ $29, S.p
I)educt interest, dividends and( rents!                           I
necrued  December 31, end of theI                 I             I
yea r.I..*.-.-.-.-.. ....                 9,078 26! ......       I
Balance .....                        $2ol0,107 05!.
Add interest, dividends and rents ac-I              I
crued December 31, end of the yeari       8,609 96.I
Total ....1. - | I                                              $28,717 01
LOSS ON INVESTMENTS.
Loss from   change In difference be-
tween book and market value dur-
Ing the year ........  .. .                  .. . ..  $10,946 401..........