(IJENT INS. C(-.                             739
UNI)DEB1W fluTING AND INVESTMENT EIXIIIBIT-1-ConLinucld.
UNDERWRITING PROFIT AND |
LOSS ITEMS.
Agenfs' balapees, bills re-                        I             I
ceivable, and other un-
lerwriting, items not ad-
mitted Dec. 31, 1911..     $4,739 311 .......      I            .
Agents' balances, hills re-          I             |
ceivable, and other un-
derwriting items not ad-                         I
mitted Dec. 31, 1912 ....   7,118 831 ......       I            .
Loss from above ......   ............. ......... 1       2,379 521 .
Un(lerwriting income earned duringI
1912 .......$....... I                           I             I$1,422,711
04
LOSSES.                I
Losses paid ....                       1  $752,971 811 ...........
Deduct silvagie and reinsurance re-1             I               I
coverable Dec. 31, 1912 ............  -   9,780 151 .........................---
Balnance ....-..     .     .       $743,191 6B61..
Add salvage and reinsurance recov-l
erable Dec. 31, 1911.0 1                 B,1 951 ....---1----..---.-
Total .......                      $748,293 61! .          I...............
Deduct unpaid losses Dec. 31, 1911        118,990  I -..-I..
Balta 7n ce .........................  $f$629,303 53 1 .
Add unpaid losses Dec. 31, 1912 ...... I  129,426 84 l.
Losses incurred during 1912 ....................... 1  $758,730 371.
UNDERWRITING EXPENSES.            I                           I
-pdorwriting expenses paid duringI
1912 ..         ... l $595,323 511 .........                   I
Deluct v nderwritinf expenses unpaidl              1.
ono. 31. 1911: UTnnaid    expenses.I
." 310.73- taxes 'due and accrued,!              I
$33,349.83 ........                      35,660 56!...           I
I             I.            I
Palinee ..........                 $559,662 95. .
Undlerwriting exnense- ain-           I
najd I Dec.   31.  1912:           1             I
TTnnairl exnpenses .......   $37(01 00!.............. I        I
Tanxes du(e or aeccrued....  33.3010 001 .............. . 1
$33, 670 001 ........  I
AOA d*ffereone  in eomnis-           I i
si(neS on '11n,iDfl(I rein-               I             I
suiance, 19.11-19912                ................ . ..........................
I         ~     ~I   *.  I
I    35. 602 68!1 ..........   1
fn lalev.icitng 0expenselS  incurred dur-!         I
ing 1912..                                             95.265 631 ............
I             I             I
UTnderwriting losses and expenses .............................. .   l 1.3?53.996
00
Gain from  underwriting during 19121 .............. .............. I  $68.71.
of