UNDERIVWlRITING AND INVESTMENT EXHIBIT.
I ~~~~~~~.1I
I                 1
P'remiums.
T'otal  premiums,    $401,099.5S,  lessl
412,1 10.8.$388 ......                $ 8,982 901.*-
Add unpaid return and reinsurancej                          -
premiums Dec. 31 of previous year.j        632 091 ...........................
Total ..........                   $389,614 991 .......  .. I
Deduct unpaid return and reinsur-                  I
amiee premiunis Dec. 31, end of the                                .
year ................................       683 02.
B ala nce .....                    $ 388,931 97 .   ......... I
Add unearned premiums Dec. I'31 of
Iprevious year, and $324,223.02 re-1
I:ciaimate on perpetual insurance ..   6096,881 991 ...........!
Total ..........$18..... 1,5,813 96j ............ 1
D)educt unearned premniums Dee. 31.1
(nld of the year, and $325,373.13 ra-,
claimable on perpetual insurance..1     714,802 731.               .........
Premiums earned during the year .... ..............   $3 71,011 23..
IJNDERWRl-, TITNG   PROFIT AND                    j
LOSS ITEMS.               I            I
Gain from agents' balances previouslyl             I             I
charged off, $34.54; and from otherl
uu&derwvritin- income. $285. ........      $319   ..........................I
Loss from   aogents' balances charged              I    .
ofl .............                           .37 791 ..t
I             I.
(Guin from above ...............       1    $281 751 ...........
Aenits' lulances and bills                         I
receivable not a(lmitted                         |
l)c.C 1, 1911 ............   $;302 95. ..... *  - . -. ..............
A\-rits b.alances .and bIlls        I             I             I
receivible Inot admitted           I ,
liee. 31, el of the year      173 261 ....         I            .
-I              I             I
(Itlirl fl orll i~l~ o v c  ...............        . 129 6!3.
Gain fThe    above ......129 091 .............
caiu  fomn widerwritin- profit andi                I
loss itlemfs ........ ,.|.|                              411 441.
1rwdel-writwirl- income carfied cliiiC o -111 1-___
I             .1~~~~~~~~~~~I
fthi. 'uI                                                         $371,42"2
6..7
lO SSE S.I
t         ~      ~~I    I
Losses paid....... t ..                 $215,327 3f I.I.
Deduct unpaid losses Dec. 31 of pre-!                         .
vious year .........1.....               28,160 031 .......     ...... ..-
BIalane ...... 1                   $187,167 281 ........    ..............
Add unpaid losses Dec. 31, end of thel             I
year ...                                 32,659 431 ........
Losses incurred during the year ......     2............................