1iIiCA N .S8LJRA.N~k co.                       745
IJNDlIRWRIITINCG ANI) I NVESIM'l 'NT EN H IBIT-Coit      iled.
Agents' balances and bills          j            I            I
receivable not admitted            I
Dec. 31, end of the year.  1, ".12 *- 1- 2 --  --             ..............
(1lnll fromii above .5...............       n 56(0 (i ............. I .
.Loss fromt un(1derwriting, profit in1l                       I
loss  itemU5s  *                                              .3" .
.-  ------
linderwritin- income eairuel duriug.
thie year .       . .......................... ..............$2.42..........
1  2   14 72 !7
I   .                      I
LOSSES.                I            I
Losses paid            ...1            $147,565 581 ..............-.-.-.-.-.-.-.I
Deduct salvage and reinsurance re-I              I             I
coverable Dec. 31, end of the year..1  l  85)0 511. .
,            ~     ~    ~~     ~    ~   ~~~~~~~I ,I  I
Balance .*--..-----------------.1  $147,215 )l1 ......
Add salvage 111(d reinsurance recover-I          I             I
able Dec. 31 of previous year ....I        5 4 1 5. ........
Total..I.......$147,269 22............
Deduct unpaid losses Dec. 31 of pre- | I
vious year ........I                   24,321 001.           I
I            II
Balance .                         $122,948 22.
Add unpaid losses Dec. 31, end of the            I             I
year .                                  24,600 00 *.............-.-.-.-.-.-.-1
I       .2~
Losses incurred during the year .                    $147,548 22
-1         l    ~      ~~~~~~~~~ I
UNDERWRITING EXPENSES.           I
Underwriting expenses paid duringl
the year .....I.                    1 $115,396 671 ..........   ..............
Deduct underwriting expenses unpaidl            I
Dec. 31, of previous year ...........  12,200 001 .
Balance                        1 $103,196 671 .--------
Ad dd underwriting expenses unpaidl               1
Dec. 31, end of the year.I             10.5(0 001. ..   .     °
lUnderw,%uriting expenses incurred dur-          I
in, the year .......................      ...... I    1 P,, 696 671 ..............
ITnderwritillg losses and expenses ....I2..............12.............. 
I I61,244 S9
(4:liu from  iunderwriting dur1?ing thel         I             I
y e:a;r .............................                         I I   I $27,227
29
*                         I_ _ _   _ _ _ _t_ _ _ _ _ _ __I
INVESTMENT      EXHIBIT.
Interest and Rents.        1             1
Interest, dividends and rents receivedl
duiring the year ..................... 1  $26,106 701 ........   l
Deduct interest, dividends and rentsl            I             I
accrued Dec. 31, end of the year ... 1  6,176 101 ........    1
Balance ........................ 1  $19,930 601 ......... . ;
Add interest. dividends and rents ac-            1             1
crued Dec. 31, end of the year ......I  6,642 T7 ..      .... -     1
Total .......................... I..............  $2rl,573 371.