460


GERMAN ALLIANCE INS. CO.


UNDERWRITING AND INVESTMENT EXHIBIT-Continued.
I


Add   underwriting   expenses   unpaid
Dec. 31, end of the year.............     55,970 001............I..........
Underwriting expenses incurred dur-j                 l
ing the year ..                      ...........1      l 192,483 17.
Underwriting losses and expenses .... ......................l..         552,149
827
Gain from    underwriting  during thel               l              l
year ..........I.............. ..............                         $33,618
59,


INVESTMENT EXHIBIT.                            I
Interest and Rents.          I
Interest, dividends and rents received
during the year .........   .......     $76,020 02j.
Deduct interest, dividends and rentsl
accrued Dec. 31, end of the year ....     7,542 501.
Balance .............I.        .     $847752..............
Add Interest, dividends and rents ac-
crued Dec. 31, end of the year .......    8,144 75 .
Total .                         1            -.....-.-.*-
LOSS ON INVESTMENTS.             I
Loss from sale of ledger assets .......      $200 00 ..............
Loss from change in difference betweenl              l
book and market value during the                  l
year ................................     5,218 221..............
Loss on investments during the year. ..............      $5,418 221


I..............
I       .
I $76,622 27-


1...............


INVESTMENT EXPENSES.                               I
Investment expenses paid during thel                    I              I
year           .            ......                    I      2,132 141 .
Investment losses and expenses duringi I
the year ..      .7....                ...       .......... .           
   7, 550 36
Gain   from   investments   during   thel               l              l
year ...                                 .......... ......            I $69,071
91
MISCELLANEOUS         EXHIBIT.                          G I  Gain in  I 
Loss in
Surplus.       Surplus.
Dividends    declared  to   stockholders                I
during the year ...................................                  I  
 $60,000 00-
Net loss from above         .        ..... .............                
   $60,000 00-
Total gains and losses in surplus dur-j                 I
ing the year .                        ..............      $102,690 501  
 $60,000 00
Surplus Dec. 31, 1911..................I    $799,573 061..............I..............
Surplus  Dec. 31, 1912 ..................    842,263  561 ............. 
 ..............
Inerease in surplus during the year .         .......... .............. 
    4Z,690 50
I          I            -1-
Totals         .           ..     . I .  .  i. $102,690 50           $102,690
50
I              I              I




Per cent of losses incurred to premiums earned, 61.41.
Per cent of underwriting expenses incurred to premiums earned, 32.86.
Per cent of investment expenses incurred to interest and rents earned, 2.78.
Per cent of total losses and expenses incurred and dividnds declared to total'
income earned, 93.55.