484                         GERMAN     FIRE INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.
Premiums.                I                            1
Total premiums ......................      0604,803 511 .............
Add   unearned    premiums    Dec. 31,!                              i
of previous year ..............           602,231 361 ........      .
Total ............                 $1,207,034 871 .
Deduct unearned premiums Dec. 31,1                    1              1
end of the year ...................       614,819 531 ........      I
Premiums earned during the year .. ..............         $592,215 341.
JNDERWRTITING       PEP'OFIT AND
LOSS ITEMS.
Loss from   agents' balances charged|
off.I ....................... 1            $1,961 551 .......           
 .
Agents' balances and bills
receivable not admitted
Dec. 31, 1911 ....V        ... $6,076 401 .............. ........  ..............
Agents' balances and bills
receivable not admitted
Dec. 31, end of the year     7,089 41! ...........           ...... ...............
Loss from   above ...............    .        1,013 01!.
1 I                             I
Loss from    underwriting   profit andl               I             L
loss items.. *.                                            2,974 561.
Underwriting   income earned     duringI              |
the year ...... . 1.l                                       .......   $589,240
78
LOSSES.                 1
Losses paid   ................-           ------1 $313,112 221 .
Add silvag9e and reinsurance recov-1                  I
erable December 31 of previous yearl        1,210 51i .......       ----------.
Total         ............       l   $314,322 731 ........    1.
Deduct unnaid     losses December 311                 1             I
of previous year .1                        52,116 081 .
Balance   ...        .           I   $262,206 65 .      ......... I .1
Add unpaid losses December 31, en.d.    I..
of the year ........                 1     51.524 071 .
Losses incurred during the year .... II..     1         I  $313J730 721.
UNDEIRWRITING EXPENSES.             I              I
Iolderw"Triting  expenses paid  duringl
the year .I $271,724 711...
Dedulet finderwritinr expenses unpaidl                1             I
December 31 of previous year                ....         ..........89. .............
Baane.                                  I 62?
1R3q la n ce ...............         $263, 375 621 ............ 11.......
Add   underwriting   expenses   unpaid?               I              I
December 31. end of the year ..... I'      10,124 251 .......!
UtdlIerwriting expenses incurred dur-!                I              I
ing the year ........................      ......   1   273,499 871.
*   I          I
Gaiin from   underwriting   during the!               I              1
year   ....................-.-..       I             ..............     $2,019
19