916               COMMERCIAL UNION ASSURANCE CO.
UNDERWRITING AND INVESTMENT EXHIBIT-Continued.
Underwriting expenses incurred dur-               I
isg the year ................6.j..................... 1 1,598,056 651 .
Underwriting losses and expenses ............................... 1 4,214,112
83
Giin from   underwriting during thel              I             |     -
year .. .. ...........                    .                     $484,407
79
INVESTMENT EXHIBIT.            1
Interest and Rents.
Interest, dividends and rents received!
during the year .............     I   $288,400 741 ......... .       .
Deduct interest, dividends and rentsjs 1
accrued Dec. 31, end of the year....I  78,448 39I  .
Balance~ ~ ~ ~   ~  ~  ~  ~8,  4   391................... ..... | $ 0 ,9231.........
\
Balance .$295.3f
Add interest, dividends and rents ac-1            1 .
crued Dec. 31, end of the year.        80,841 591.
Total ..                                              ..... $290,793 94
LOSS ON INVESTMENTS.           I
Loss from sale of ledger assets ......     $262 901 ........
Loss from  decrease in book value of1            i.                     
 .
ledger assets.I 36,839 931                     .             .
Loss from  change in difference be-I1             1
tween book and market value dur-I
ing the year ....                1     51,783 59........    . I
Loss oln investments during the yearj..............   $88,886 42!.
INVESTMENT EXPENSES.            l
Investment expenses paid during thel
y ea tr ................................. .     1   57,646 371.
Investment losses and expenses dur-                            -
ingo the  year                                               1 ..............
........  146,532  79
Ga1in from  investments during   thel             l            l
year             ..                      ......................I  $144,261
15
MISCELLANEOUS EXHIBIT.                        I   Gain in   1  Loss in
Rcitfo hoefie......  Surplus.  I  Surplus.
Receipts from  home office .    ..........  ..   !   $305,622 621..
Remittances to home office         .               .    .   .   1$834, 291
,99
Net loss from above       ....I.$528,669. I7
m...I.............. 1..............  $528,669  37
Total gains and losses in surplus dur-            -
ing the year  -      -.-.-.-           -        -1  $628,668 921  $528,669
37
Surplus Dec. 31, 1911      .      I$,7,2      3..
Surpls De. 31,1911................... -1  $2?,772,125  431 .. ...........
 .. . . .. . .
Surplus Dec. 31, 1912 ................. 12,872,124 981.............. ..............
*~~~~~~~~~~~~~~~~~ II
Increase in surplus during the year     ..    ..                    99,999
5'5
Totals.. ................  .628 668 92!                      $628 668 92
Per cent of losses incurred to premiums earned, 55.38.
Per cent of underwriting expenses incurred to premiums earned, 33.96.
Per cent of investment expenses incurred to interest and rents earned. 1.9.82.
Per cent of total losses and expenses incurred and dividends declared to
total
income earned, 87.36.