304                BUFFALO GERMAN INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.      I-                  -
Premiums.I
Total1 premiums............      $600,621 67! ..............
Add unearned premiums Dec. 31 ofj         I
previous year ............      653,875 3,0!........
Total .............. [$1,314,496 9-7!1.......
Deduct unearned premiums Dec. 31,!        1
end of the year ...........     681,319 11'................
Premiums earned during the year.. .1........$633,177 561........
UNDERWRITTING PROFIT ANDI
LOSS ITEMS.
Gain from agents' balances previ-!
ously charged off ..........       $83 50! ........I.......
Los-, from agents' balances charged!                 I
Loss from above............         $001 98! ...............
Agents' balances and bills
receivable not admitted
Dec. 31. 1911 ......$2, 810 20!........ ..............
Agents' balances aad bills
receivable not admitted
Dec. 31. end of the year  1,681 06! ........ ..............
Gain from above ...........        1,128 24! .....  .1..I.......
Gai1n from underwriting profit and!l
loss items ............... .:......            526 26!........
Underwriting income earned during-!
the year ..............................               $633,704 12
LOSSES,
T-,oeq paid ..............      $364,128 80 .................
Deducet unpaid losses December 31 of!
previous year.............       52,131 42! ...............
Baie. ............        $311,9197 38! ...............
Addl unpaid losses December 31. end!      II
of the year .............I       41,58 71! ...............
Losses incurred during the year..I.......  1$353,586 091!........
TTNDER,1WRITTING EjXPENSES. I
TUnderwriti-nz expenses incurred and!
paid during the year ...............1      280,121 33!........
U~nderwriting losses and expenses  . ........I.......I   633,707 42
Loc~s from underwriting during the!
year  .. . . . . . ..      . . . . . . .. . . . . . . . . .   I  1
INVESTMENT EXHIBIT.I
Interest and Rents.    I
Interes-t, di1vIdends and rents received!
during thle year ...........    $120,12.9 S0O!...I....I.......
Deductf intorest. dlividepnds and rents! f
accrued December 31, end of thel
year.................1           1-7,999 19! ...............
1341ance  ............  6~111,             .