696                     NEW    JERSEY FIRE INS. CO.
UNDERWRITING        AND INVESTMENT EXHIBIT-Continued.
LOSSES.
Losses paid ..                   l       $185,9i57 791 ..........-l I.
Deduct unpaid losses December 31 ofl                I
previous year ...........      .     1   14,698 97 ......         I..............
I                           I
Balance .                           $171,258 82.1 ..
Add unpaid losses December 31, end!                 I
of the year .. .     .    .   .......    70,312 211 ...........     .
Losses incurred during the year .... .  .............. $241,571 031 ........
 .
UNDERWRITING EXPENSES.                           |
UJnderwriting expenses paid    during!              I
the year ....                           $279,701 021 .......... ,    .  
 .
DelWuct underwriting expenses unpaidl               I             I
December 31 of previous year ......          0 19403 411 .............
Balance .$200,297 611 ........
Add   underwriting   expenses unpaid                I             I
December 31, end of the year ......      18,048 26 ........
Underwriting expenses incurred dur-!
ing the year ........                       1 - - 278,345 87 .
Underwriting losses and expenses ..................f ..............    519,916
90
Loss from   underwriting during thel
year .                              I....                          $218,752
86
INVESTMENT EXHIBIT.             I
Interest and Rents.          1             I
Inferest, dividends and rents received!             ΒΆ
during the year .....                   $39,030 061.
Deduct interest. dividends and rents!
necrued  December 31, end of thel
year .......                       ;      3,918 801 .
Balance .....1......   .........    $35,111 6
Add interest, dividends snd rents ac-f        '
crued December 31, end of the yeart      18,757 751 .........     I
I             I     .      . 1
Total ..                                      .               1 $53,869 01
LOSS   ON   INVESTMENTS.         I
1             I             1
Losq from  docrease in book value of!
ledgger assets ...........               $2,774 851 .......       I
Iois; from  ohanpe in difference be-I
twreenl book and market value dur-l               I
ing the year .                            6,757 03! .
Loss on investments during the year! ..............      $9,531 881.
INVESTMENT      EXPENSES.                I             I
Tn,,eqtment expenses paid during thel
Yea r ..........                    I.                  4,405 851.
Tnreqtrnnt losses and expenses dur-!
ing the year .........               .                         1. .   13,937
73
I             I1!
C-bi from     investments  during  the!                           I
yea r .I I                                          ...              $39,931
28