UNION MARINE INS. CO.


1103


tJNDERWRITING AND INVESTMENT EXHIBIT-Continued.
#                            ~~~~~                 ~      ~~~~~~~~~~I . I
 I
INVESTMENT EXHIBIT. j
I          I!
Interest and Rents.
Interest, dividends and rents received                 .
dluring   the   year  ................    $22,5'78   701 .......... ....
... .. . .. .
Deduct interest, dividends and reits
accrued Dec. 31, 1911 .....                 5,920 00 ............   .........
Balance ..     .........., . ,-|I    $16,658 70                ..........
Add interest, dividends and rents ac-                  t.
crued Dec. 31, 1912 ...............         5 5,920 00 ......!  ..
Total................$220,578 70
I  ..~~~~~ I
Total  ..                l, ~~~.............. .............. 2,5%7
LOSS ON INVESTMENTS.                                            I
Loss from    change in   difference be-I
tween book and market value during.
1912    '''''''                        ...............     $7,980 °I
...............
INVESTMENT EXPENSES.               I
Investment expenses paid during 19121 ..............           714 84.
Investment losses and expenses dur-!
ing 1912 ..............................   .........     ....       1    
 8,694 84
tain from investments during                           ..............   
 $13,883 86
I              I
MISCELLANEOUS EXHIBIT.              I              I   Gain in    I  Loss
in
I              I  Surplus.       Surplus.
Receipts from   home office ..........................I    $37,041 65....
Remittances to home office...$98 ............................           
  98,59(0 20
Net loss from   above ............................. ..      ...         
 $61.548 55
Tota.l gains and losses in surplus dur-!              I
ing 1912 ..........................I..............       $62, 783 311   $61,548
55
Surplus Dec. 31, 1911 .................    $1.78,280 871 ..............
Surplus.Dec. 31, 1912 .................     179,515 631   ........ .......
Increase in surplus during 1912 .................            ......     
   1,234 76
~~~~~~~*     I     - _ _________________________ I-_
Totals ..........................1..............     $62,783 311    $62,783
31
Per cent of losses incurred to premiums earned, 70.7.
Per cent of underwriting expenses incurred to premiums earned, 27.1.
Per cent of investment expenses incurred to interest and rents earned. i.1.
Per cent of total losses and expenses incurred and dividends declared to
total
income earned, 93.8.
53-Ins.--1