466


GERMAN AMERICAN INS. CO.


UNDERWRI ]TING      A.N\D  INVESTlMENT     EXHIBIT      Cohtiniued.
Gain from    above ....................       $1,046 99!.............. I
Agents' balances and bills                      '
receivable not admitted                                             I
Dee'. 31, 1911 .........    $43,803 09                 .              .............i
Agents' balances and bills            09l
receivable not admitted                                             1
I)ec. 31, end of the year    47,039 561 .......        I             I
Loss from above .....................          3,236 47.
'I   -          I              I
Loss fr'm    underwriting    profit andl                       2      - 
     .
loss  items  .........................                       2,189  48 .
UJnderwriting   income earned     during!.I
the year ............ .                                                $8,311,480
43
LOSSES.                 1               I
Losses paid ......            .          1 $4,676,485 53!..
Deduct unpaid losses      December 3         8,        1               I
of previous year          .          ...1  878,772 12 .------------1---------.----
Balance ......          ..     .    $3,797,713 41 ...............-..............
Add unpaid losss December 31, endl                    .
of the year ........I.......               820,524 48. -.-----------.---------.--
Losses incurred during the year ..................I $4,618,237 891.
*              I l   . .  .
UNDERWRITING EXPENSES.
Underwriting    expenses   paid   duringJ
the year .............................1 $3,183,314 7.0............ .
Deduct underwriting expenses unpaidi                    I
December 31 of previous year .....         193,870 961 .
Balance ........................ 1 $2,989,443 741 .
Add   underwriting    expenses   unpaidl                              I
December 31, end of the year ......        ...............20.          .............
Unlderwriting expenses incurred dur-1
ing the year ...............................1..         3,193,749 33!.............
Underwriting losses and expenses .............          ..............| 7,811,9S7
22
Gain from    underwriting    during  thel               I
year ...                          ..                   .............. $499,493
21
INVESTMENT       EXHIBIT.         I               I
Interest and Rents.            I              |
Interest, dividends and rents received!
during the year .................... $1,012,305 061 ...........     1
Deduct intnrest    dividends and rentsl                 I              I
accrued Dec. 3l, end of the year ....!1    1-22,442 82!--- ..--..... ..
Balane ...... 1$889,S62 241 .........                           1
Add interest, divi(lends and rents ae-I                I
eruied Dec. 31, end of the year ......     142,636 99............................
Add interest and rents paid in ad-1
vancec Dec. 31 of previous year .....           75)5 751--------------!.
Total ....                          1 $1,033,254 981 ............! I.
Deduct interest and rents paid in ad-1                                I
vance Dec. 31, end of the year ......           789   .............................
Interest and rents earned during the1
year .................... .............I.............. 1$1,032,465 90!.