The accident account includes motorcar, personal accident, fidelity and miscellaneous casualty business. The decrease in premium income on this account was due to the eli tion of undesirable motorcar busi The manager of our personal accident department visited Europe and America during the year in the interests of the company. This increased the management expense over that for last year.
Premiums written amounted to $721,426.41, of which $382,205.29 was reinsured, leaving $339,221.12 as the company's retention. Net lo amounted to $212,394.27. A profit of $6,297.86 was carried to the profit and loss account
Text read from the printed page and cleaned; old type leaves the occasional error.