574                        JEFPERSON      FIRE INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWRITING EXHIBIT.
Premiums.                 l              l
Total    premiums,    $625,986.89,   lessl
$2,345.53 ....................    .      $623,641 361..............I..............
Deduct unearned     premiums of rein-l
suranace treaties .                        5G9,433 971 ........ |.
Balance .                              $54P2I7 391........I......
Add unearned premiums Dec. 31 ofl
previous year and $63,984.51 reclaim-l                I.
able on perpetual insurance.            1  584,585 431 ........  |.
'Total ..............            . I.                $638,792 821 .
UNDERWRITING PROFIT AND|                                             I
LOSS ITEMS.
Gain from perpetual policies cancelled           $80 571 ...       .. I 
     .
Loss from agents' balances charged off1l         551 701 ........
Loss from above .......      ............1       $471 131..............I..............
Agents' balances and bills
receivable not admitted
Dec. 31, 1911 ............ $2,924 021 .........                       ..............
Agents' balances and bills
receivable not admitted
Dec. 31, end of the year.. 32.689 45 .............. .............. ......
........
Loss from   above .....................       29,765 43 ................
..............
Loss from      underwriting  profit  andi               l              l
loss items ...30 ..........236 561.
Underwriting income      earned  during                 I              I
the year ......                             .............. .............
 $608,556 26
LOSSES.
Losses paid .         .......................  $475,999 961 .........   
..............
Deduct unpaid losses Dec. 31 of pre-!
vious year .    .........................   85,912 11l ..   .......   ..............
Balance .                    ......l $390,087 85..............
Add unpaid losses Dec. 31, end of thel
year ................................I       40,607 25j .......        ..............
Losses incurred during the year ......I..............      $430,695 101..............
UNDERWRITING EXPENSES.
Underwriting      expenses  paid    during
the year less commission $225,885.07
on reinsurance treaty ...............$ 81,863 14 .............. ..............
Deduct underwriting expenses unpaid
Dec. 31 of previous year .............     13,742 56 ..............I..............
Balance .....                     1    $68,120    ..1 .........l...
Add      underwriting    expenses   unpaid
Dec. 31, end of the year .............     8,000     00 .............. ..............
Underwriting expenses incurred dur-I
ing    the year ..............................---.*..     76,120 581.
I              I               I
Underwriting     losses and expenses ................................   
  506,815 67
Gain from      underwriting    during   thel  1
yeou r.. .                                                             $101,740
58
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