DUBUQUE FIRE & MARINE INS. CO.                       403
UNDERWRITING AND INVESTMENT EXI1BIT-Continued.
UNDERWRITING EXPENSES.             I
I            lI
Linderwriting expenses paid during I                           I
the yea':            .        ......K - $319,339 671 .. ....... I
Deduct underwriting expenses unpaidl
l)ec. 31 of previous year ..........   20,000   1 .........0 .  . .
Balance .     :   .    ........ 1$299,339 671 ......... I.
Add underwriting    expenses unpaidl             I             I
Dec. 31, end of the year    .     I    30,000 001 .
IiLnderwriting expenses incurred dur-1           I
ing the year ................1                      329,339 671.
Underwriting losses and expenses ... ..............            1   663,714
31
Gain from   underwriting during thel              I
year ................. I -.      . I.............. I..............  $14,276
45
INVESTMENT EXHIBIT
lnterest and Rents.
Interest, dividends and rents received           I
during the year ...............        $69,749 27!            .........
Deduct interest, dividends and rents!!                         I
accrued December 31, end of the!
year ...............................   18,759 881 ..........I.
Balance.                          $50,989 391..............................
Add interest, dividends and rents ac-I            I
crued Dec. 31, end of the year . . . .1  20,110 30! ........
Interest and rents earned during thel                          l
year ..                                         I $71,099 69 .
PROFIT ON INVESTMENTS.                   .
Gain from sale of ledger assets .....j ..............   3,006 25!.
Investment income earned during the|             I
year .                               ..  .        .;I. $74,105 94
LOSS ON INVESTMENTS. ,
Loss from sale of ledger assets ......       $8 75!               ............
Loss ,from  change in difference be-             I
tween book and market value dur-        1      7
ing the year ............ ...........   1,418 751 ......    i      .
Loss from other investments:                     I
Commission local agency ....            5,572 29! ......      .
Loss on investments during the yearl ............... I  $6,999 791   . .*-------
INVESTMENT EXPENSES.
Investment expenses paid during the|                   1      8
year        ........................  ...........    1,543  88| ............
Investment losses and expenses dur-                                  8  
  7
ing the year .......... .............. I...........I      .        8,543
67
Gain from   investments during the
year ..        ................ ............ .         -.........-....  $65,9562
27
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