INDRMNNITY MUTUJAL ASSURANCE CO.                           1081
UNI)Ei,1VItTW1''IN(G .ANDI INVETSTAMFNT EXHIBIT--Continued.
I              I
IA)SSES,.               i                             I
Losses  paid  ...........................  $ 1 14, 5   .......-,..... ...
... .....
Deduct unpaid losses i)ec. .-1 of p)re-               I
vious year                                  2:..........  23109 421 .......
  1 .
.,            ~~      ~      ~       ~      ~~~~~~~I-  I  I
Balance .    .  ...I                  $111, 423 651 .           I..............
Add unpaid losses lDec. 31, end of thel                I             I
year .                                1 65,071 401 ....... 1...
I       ----I                 I
Losses incurred during the year ......I..............     $176,495 OSI..............
ltiderwriting  expenses   paid   (luringj             1
the year .....I                           $6G3, 5,64 681. ............. I..............
1)educt underwriting expelises unpaidl                 I              I
Balance ....                      1   $51,664 631 ........       I
Add   underw'riting   expenses   unpaid                I              I
Dec. 31, end of the year.12.. ......... 1  12,493 901 ......         I
Underwritinlg expenses incurred (lur-I
ing  the  year  ......................................    61,158   .rjol
..............
Underwriting losses and expenses                  .     .     .      ''I
 240,653 58
Gain from underwriting      during   thel             I
year .......................................I                           $69,412
71
IN.VESTMENT EXHIBIT.                             I             I
Interet and Rents.            I              iI
Interest, dividends and rents receivedl
during the year ......................     $14,670 911 ..........    -.---------1
Deduct interest, divi(lendls;- and rentsl              I             I
accrued Dec. 31, end of the year....1       2,866 671 .......................!
I      I~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
B;dlaiee .$11,804 27.
A(1d interest, dividends a-d re'nts ac-I
eruied Dec. 31, end of the year .......   ....................6 61......
Total .   .I .............$.......... I          I   $14,6170 911.
I . I
LOSS ON INVESTMENTS.            .                               I
l I .
Loss froiui change in difference b)e-I                I
tweeui book and market value duringl                I
the year ............12,0(00 001.
I             I
I.                           I
INVE1STMENT EX        ENSES                                     I
I N VIX'S'1' A I~~~~~~~~~j, N'1' IKl ' 1j, N S lX'S.  !   l   I~~~~~~~~~~~~~I
Inivestment expenses pai(I durhig thi(t                I             I
y  et ir  ... . . . . . . . . . . . . . .  .. . . . .. . 1        1   6',1
.. .. .. .. .
301.                               41                          681      .
liYvestlient losses al(n expensesx duringl             I             I
the year ...... .                                     ..                
12,431 63
Gd ill from  in v'es mcmilts tim1he y'e(al .                         I  
 $2. 239 28