676                      NEWARK FIRE INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.           I
Premiums.                           I
Total premiums .............           $722,420 86 ........     -1
Add unpaid return and reinsurance                              I
premiums Dec. 31 of previous year.!  12,384 86
Total ...                      1  $734,805 72. *.............
Deduct unpaid return and reinsurancel            I
premiums Dec. 31, end of the year.1    10,914 861 .........   I
Balance .......                1 $723,890 86. .
Add unearned premiums Dec. 31 of                              .
previous year ............... .....1  422,133 38[
Total ...                       $1,146,024 24 1..............-.-.-.-.-.-.-.
Deduct unearned premiums Dec. 31,1 !
end of the year ....................  575,259 801 ......      .......   .
Premium~s earned during the year        .    .      $       4 ..............
UNDERWRITING       PROFIT AND                                |
LOSS ITEMS.
Gain from agents' balances previously1
charged off.I                            $278 211
Agents' balances and bills receivable!           I
not'admitted Dec. 31. end of the yearl  3.817 Q1..
Loss from   upderwriting profit andl
loss items .......     ..... ..............           3,539 701.
Underwriting income earned during!
the year ......!                                                $ I..............
*.*.*.*.*.*.*.* 1  $567,224 74
LOSSES.                      I            I
Losses paid .......................... 1  $325,918 491 .......................1
Deduct salvage and reinsurance recov-!           I             I
erable Dec. 31, end of the year...      7,573l  ..............72 . .............
Balance.I ......................  $318,344  77!
Add salvage and reinsurance recover-!
able Dec. 31 of previous year .......     703 191 .
Total                          1 $319,047 961 .
Deduct unpaid losses Dec. 31 of pre-I
vious year ........                    57,374 001.
Balance           *I            ~      ~      ~~~~~~~~I  I
Balance  .. . .. .           ............ . 2 1,7   $261,... .. .. ..  I.
.. .. .. ..
Add unpaid losses Dec. 31, end of t    $el     96!
year.I ...................... I        78, 910 86!.
Losses incurred during the year ...................!  $340,584 821.
_               II
UNDERWRITING EXPENSES.           I
U~nderwriting expenses paid during!              I
the year .....                    1 $340,824 62!.
Deduct underwriting expenses unpaid!             I
Dec. 31 of previous year ............ l  1.3.004 061.
Balance ....................... .. f  $327,820 561 .