FIRE ASSOCIATION OF PHILADELPHIA.


435


UNDERWRITING AND INVESTMENT EXHIBIT.
UNDERWR1TING EXHIBIT.              I              I
Premiums.                I              I             I
Total   premiums,    $4,200,761.83,  less
$62,451.71 .....   ..................... $4,138,310 12 .......
Add unpaid return     arid  reinsurance
premiums Dec. 31 of previous year..         ..        ............3. .............
Total ..                          1 $4,141,586 921.
Deduct unpaid return and reinsurance                                 I
premiums Dec. 31, eend of the year.. 1     12,203 96 ..........     .
______. I
Balance .$4,129,659 96 ...........                             .
Add unearned premiums Dec. 31 ofI
previous year, $1,604,325.52 reclaim-I
able on perpetual insurance ........    5,348,878 471 ..........................
_ _ _ _ _                I
Total .......................I..I..I $9,478,538 43[ .
Deduct unearned     premiums Dec. 31,                 I
end of the year and $1,574,187.52 re-
claimable on perpetual insurance ...    5,350,398 03 .............
_ _ _ _ _ _             I
Premiums earned during the year .... .............. 1.$4,128,140 401.
UNDERWRITING PROFIT AND
LOSS ITRMS.
Gain from agents' balances previously
charged off, $1,187.52. and from otherl
underwriting income, $5,464.64 ......I    -$6,652 161.
Loss from agents' balances charged off I      1,210 921 .
I    - ________.           I
Gain from above ..............I........      $5, 441 24 .
Agents' balances and bills
receivable not admitted
Dec. 31, 1911 ......... ...  $2,552 11 ..............I. ......I .......
Agents' balances and bills
receivable not admitted              1
Dec. 31, end of the year..     643 17 .................
Gain from   above ......................       1,908 941 ...         I
Gain  from   underwriting   profit and                I
loss items  ...................... ...........        l   7,350 181.
_  _  _ _  _    I
Underwriting   income earned    during         .      I             I
the year.I $4 ,135,490 58
LOSSES.                 I              I             I
Losses paid .......................... $2,362,183 64 ........
Deduct unpaid losses I)ec. 31 of pre-                               I
vious year ...          ........          350,929 47 .
Balance ...........                 $2,011,254 171 ..
Add unpaid losses Dec. 31, end of thle                I              I
year .................355,145 28.............
Losses incurred during the year ...... ........... .. $2,366,399 41..
UNDERWRITING EXPENSES.              I              I              I
Underwriting   expenses paid    duringj               1              I
the year .....                        I $1,704,945 971 ............. *  
.............
Deduct underwriting expenses unpaid                   I              I
Dec. 31 of previous year ............       30,000 001.......        ------1
-I              I
Balance .......................    $1,674,945 971 ..........   I
Add   underwriting    expenses  unpaid                I              I
Dec. 31, end of the year ............       33,130 541 .......      I
.           I              I