732                          OLD COLONY fIs. CO..
UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.
Premiums.                 I              I
Pol ':i lpremiilms .............$ $576,743 081 ............. I..............
Add   unpaid return    and reinsurancef                I            . I
premiums Dec. 31 of previous year.            480 191 ...
Total .............................   $ $577,223271 .........    I
Dediut unpaid return and reinsurancef                  I
premiums Dec. 31, end of the year ..1         236 321 ....           1
Balance .........      ,          1  $576,986 951 ......... I        .
Add   unearned preiniums D)ec. 31 ofl                  I              I
previous year.                        1   350,649 951 .........    i
Total ..........................      $927,636 90J..
)ediuct unearned premiums Dec. 31,1                    I
end of the year .................... 1    399,535 061 ........       I
Premiums earned during the year .... I.............. 1    $528101 841.
UJNDERWRITING        PROFIT    AND    I                             |
LOSS ITEMS.                1              1              1
I       .                     1
Gain from agents' balances previously                  1
charged off .........                          $11 251 ............................
Loss from    agents' balances chargedf                 I              i
off.                                  1        225 621 ....          I.
Loss from above ...............                $ 214 371 ............................
Agents' balances and bills
receivable not admitted
Dee. 31, 1911 ..........      $258 251 .....          I             I
Ag-ents' balances and bills             I              I
receivable not admitted                                             1
Dec. 31, 1912 ............     817 621 ..            I              ..............
Loss from above ......                          559 871 .
I    -    ~       ~I      I
Los~s from   underwriting   profit andf                I             I
loss items .............                                     773 741.
Underwriting income earned       duringI
t;1l } fe.ll ..   .. . . . . . . . . . . . . 1 .. . . . . . - . . . . . ..
 1   .$527j,  ,:28   10)
*                    j             ~       ~      ~~~~~~~~~~~I  I
LOSSES.                 I              I
Losses: palid.                             $3 .........1.';,714  ......-.--.-
.  -   .............
)e(d1tut: iUnpaid los;es Dec. 31 of pie-f                            I
%'iois year ........                  1 61, 091 35).1  .
ac....           .I $254,623 1f. .
Add]( unp)aid losses D)ec. 31, end of thel             I
.   .............. .................. 1  65,332 771 .......      1
Losses    w(1rrd (l   ring   t rey air . .....  I.... .. .   1 $ e319,5:)
 t1  .............
i~~~~~~~~~~~ I
'UNI)EI{WWItrING     EXPENSES.       I              I
luderwriting    expenses paid    dluringf              I
the year                                 $197,306 441f......
Deduct uinderwriting expenses unpaidf                  I       .
Dee. 31 of previous year.              1   10,683 501 .
.  .-_f                I
Balance ..... I                      $186,622 94f1 ............  .
Add   underwriting    expenses. unpaidl                I
Dec. 31, end of the year ............        14.993 231 .