PALATINE INS. CO.


993


UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.
Premiums.                                      I
Total premiums ............        1 $1,814,547 261 ............ I
Add unpaid return and reinsurancel             I
premiums Dec. 31 of previous year ..  45,691 91. .
Total ...........................I $1,860,239 171 .I
Deduct unpaid return and reinsurancel          I
premiunlis Dec. 31, end of the year. .1  48,045 461.
Balance .$.       .          1$1,812,193 71 .
Add unearned premiums Dec. 31 ofl I
previous year ...........         1$1,638,638 69. *..........
Total .. .                    $3,450,832 40.
Deduct unearned premiums Dec. 31,j             j
end of the year ..................... |1,726,029 901. .          ......
Premiums earned during the year ..... .............. I$1,724,802 501.
UNDERWRITING PROFIT AND         I
LOSS ITEMS.
A,!Ents' balances and bills
receivable not admitted
Dec. 31, 1911  ............  $10,584  361 ..............  ..............
.
A~fei^;.s b.l.anices and bills
receivable not admitted         I
Dec. 31, end of the year.  9,731 521 ......   .
Gain from  underwriting profit and|
loss items.. *--                                    852 841.
Underwriting income earned duringl             I           |
the year ........ - -                                      $1,725,655 34


LOSSES.                   I
Losses paid ...........            .          $947,431 87
Deduct unpaid losses Dec. 31 of pre-I
vious year ............. 1I                  138,606 43
Balance ........I.                      $808,825 44
Add unpaid losses Dec. 31, end of thel
v09   ..............................     I   148.724 14


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Losses incurred during the year        .  .   .  1   $957, 549 581.............
II
UNDERWRITING EXPENSES.           I             I
Underwriting expenses paid duringl
the year ............................  $ $706,433 04 ..... ... ..............
Deduct underwriting expenses unpaid1              I
Dec. 31 of previous year ........      92,739 171. ...................
I        ~      ~      ~~I  I
Balance ....                      $613,693 871 ......... |
Add   underwriting  expenses unpaidl                           I
Dec. 31, end of the year   .           88, 191 69 ......... ..............
Underwriting expenses incurred dur-j |
ing the year ........................ ..............  701,885 56 .
Underwriting losses and expenses................  ..............  1,659,435
14
Gain from underwriting   during  thel
year .$6 .............. ..........6 $66,220 20