-454


FRANKLIN FIRE INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT.




UNDERWRITING EXHIBIT.
Premiums.
Total premiums, $1,396,658.62 less $34,-
429.44 reinsurance .......  ..........  $1,362,229 18..............
Add unpaid return      and reinsurance
premiums Dec. 31 of previous year          27,322 03 .
Total ....          ............... $1,389,551 21 .
Deduct unpaid return and reinsurance
premiums Dec. 31, end of the year          27,876 78.
Balance ...............            $1,361,674 431.........
Add unearned premiums Dec. 31 of
previous year, and $705,621.07 re-
claimable on perptual insurance .       1....1  1,910,77 4  34.
Total .. 2             |           $3,272,448 77 .
Deduct unearned premiums Dec. 31,J
end of the year, and $691,192.33 re-
claimable on. perpetual insurance ..    1,985,890 26 ..............
Premiums earned during the year -- ------------ .      .......  . -96 S 
1


,I. . . . .  .  .  .   . .
I       .
I..............
I
I1..............
,I.............
I*@    sX**
I. .  . . .  . .


v * I ,,,,, ..................
UNDERWRITING PROFIT AND
LOSS ITEMS.                                                l
Gain from   other underwriting income          $2,282 35 ..
Loss from    agents' balances charged
off $163.76 and from     other under-                                l
writing, disbursements, $1,532.25    ..       1,696 01           .........
Gain from   above .....         ......           $      34 ......     .............
Agents' balances and bills                                             l
receivable not admitted
Dec. 31, 1911 ............   $6,993 97 ....      ... .............. ..............
Agents' balances and bills
receivable not admitted                               I
Dec. 31, end of the year      5,210 66 ...........           ......   ..............
Gain from    above ..................           1,693 31_.............._I...............
-Gain  from   underwriting    profit and       1
loss   item s  .........................n ..............     2,279    65
Underwriting    income earned     duringr                             5
the    year  ........................... e.............. ......        $1,288,838
  16
LOSSES.
Losses paid ...........                     $871,557 39   .   ...........
      .
Deduct unpaid losses Dec. 31 of pre-
vious year .    ..........................  163,549 931 ....    ...
Balance   ..........                  $7058,7 461'.         ...I...
Add unpaid losses Dec. 31, end of the                   I              I
year ................................ 1     154,868 931 ........... I
Losses incurred during the year ..............             862,876 39
UNDERWRITING EXPENSES.                                              |
Underwriting    income earned     duringl
the year ............................     $579,822 06 ........I.......
Deduct underwriting expenses unpaid                   06.
Dec. 31 of previous year ...........       28,620 04j.
Balance..                             $551,202 01
Add    underwriting    expenses   unpaid                               I
$551,202 02!.
Dec. 31, end of the year ..........         .31,580 66 ..............