NORWICH     UNION    FIRE INS. SOCIETY.                  987
UNDEWRWTlING       AND IN VESTMENT EXHlBI3iT.
UNDERWRITING EXHIBIT.
Premiums.               I
Total premiums   ...............8$1,737,842      371............... I  .
 .......|
Add unpaid return and reinsurance                  I             I
premiums Dec. 31, 1911 ..............I  37,506 111 .......I
Total ............       ...... 1 $1,775,348 481 ..........  I    .
Deduct unpaid return and reinsurancee              I             I
premiums Dec. 31, 1912 ...... ......     47,495 11 .......     I
Balance ....                    I $1,727,853 371 .............. --.-.-.-.-.-.-.
Add unearned premiums Dec. 31, 1911.1 1,594,772 271 ..........    1
Total ...                        $3,322,625 641 .
Deduct unearned premiums Dec. 31,1                 I
1912 .................................  1, 609,503 48I ......
Premiums earned during 1912 .......................I $1,713,122 161.
UNDERWRITING PROFIT AND             I            I
LOSS ITEMS.                      I            I
Gain from agents' balances previouslyl             I             |
charged off ........                         3 911 .....................
 .
Loss from agents' balances charged off    1,041 971 .
l  ~      ~~~           I
Loss from above .......   ........        $1,038 061.
Ag. -nts bjiances tland bi.ls
receivable not admitted            I
Dec. 31, 1911 ............  $7,034 391 .......    I
Agents' balances and bills           I
receivable not admitted            I             I
Dec. 31, 1912 ............  7,604 141 ......                    .   .   
.
Loss from above ............. .              569 761.
I             I             I
Loss from   underwriting  profit and        I        Ii
loss items .......                     I.     .        1,607 821.
Underwriting income earned duringl
1912 ..                             .              .            I $1,711,514
34
LOSSES.
Losses paid ........                     $906,614 1$90.
Deduct salvage and reinsurance recov-i
erable Dec. 31, 1912 ...........2,19655......               .. 5
Balance ..............I. $904,417 641
Add salvage and reinsurance recover-I              I.
able Dec. 31, 1911 ............. .       11,506 09.
Total ......................3$915,923 73           .
Deduct unpaid losses Dec. 31, 1911 ....  138,783 041...............
Balance .....                   I $777,140 691.
Add unpaid losses Dec. 31, 1912 .....I   121,299 811 . 2
Losses incurred during 1912 .....      I            I $898,440 501.
UNDERWRITING EXPENSES. ;                                      I
Underwriting expenses paid     duringl
1912 .............................789$758,289 484.
Deduct underwriting expenses unpaid
Dec. 31, 1911 ...................       59,826 751 .......      *
Balance          ......            $698,462 73 .
Add underwriting expenses unpaidI
Dec. 31, 1912 ........          .       56,039 85 .
56,03       85.....