352


COLUMBIA INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT.




UNDERWRITING EXHIBIT.
Premiums.
Total premiums ..................
Add unearned premiums Dec. 31, 1911
Total .....
Deduct unearned premiums Dec. 31,
1912 .....
Premiums earned diurino 1912 .


$401,006 65.
166,818 671.           ........
$567,825 321.............. ..............
172,604 281
-.........-.- - - -.   ....51 $  991   04l!


UNDERWRITING PROFIT AND
LOSS ITEMS.
Loss from   agents' balances chargedl
off ..................... 1                   $563 301.
Agents' balances and bills
receivable not admitted
Dec. 31, 1911 ......       $13,488 431 ........       1
Agents' balances and bills
receivable not admitted
Dec. 31, 1912 ............  14,950 001 .......        I
Loss from   above ............. .              1,461 57..............
Loss from    underwriting   profit andl
loss items ........                   I.                   2,024 87
Underwriting    income earned    duringf
1912 .                                I                 ..
LOSSES.                  l
Losses paid ..........................     $180,941 17!.
Deduct unpaid losses Dec. 31, 1911 ....!      3,578 551 ............
Balance ........................!    $177,362 621 ..............
Add unpaid losses Dec. 31, 1912 ......       28,087 831..............
Losses incurred during 1912 ...........   ............. l $205,450 45
UNDERWRITING EXPENSES.
Underwriting    expenses   paid  during!


-1 . . . . . . . . . . . . . .
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$393,196 17
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1912 .      -                       - - - $152,367 89!.........
Deduct underwriting expenses unpaid!                    l
Dec. 31, 1911 .1.........                    9.500 001 ..............
Balance             | .........       $142,S67 891     ....... ........
Add   underwriting    expenses   unpaid!
Dec. 31, 1912 ........                      17,000 001 ...              ,.
Underwriting expenses incurred dur-!
ing 1912 ...............................                  159,867 891.
Underwriting losses and expenses .....     .............. ............. 
  365,318 34
Gain from   underwriting during 1912 ............                 ......
  $27 877 83
Gain from u1=======1--n==.........