SCOTTISH UNION & NATIONAL INS. CO.


1031


UND"ER W'WhITING AN) INVESTMENT EXHIBIT-Continued.
INVESTMENT EXHIBIT.
Interest and Rents.                                        I
Interest, dividends and rents receivedi               I
during  the year ..................      $213,803 42k ...    ...... .
Deduct interest, dividends and rentsl
.tecriied  December 31, end of thel
ye:r ................................      69,419751 .............      .........
Balance ...         ..               $144,383 671 ..........
Add interest, dividends and rents ada-                              I
crued December 31, end of the year'        74,711 151 .
Total. .1 -                                      1$219,094 821.
* I                           I
PROFIT ON INVESTMENTS.             !
Gain from sale of ledger assets         ...............        700 001.
Investment income earned during thel                                    
        82
year .                                .             I.     ...        $219,794
82
LOSS ON INVESTMENTS.              I              I
Loss from   sale of ledger assets .....        $6G0 0(01 .......        
   .
Loss from    change in difference be-I
tween book and market value dur-I
lng the year ...........1............      72,638 881 ......        ..............
Loss on investmnents during the yearl ...............     $73,298 8S8.
INVESTMENT EXPENSES.              1                             i
Investment expenses paid during the!                        8
year   ..........................8,388 931..............
Investment losses and expenses dur-I                  I                 
    6
ing the year ........          .81,687 81
Gain   from  investments   during   thel                             I
year .. I. ..                                                .      1  $138,107
01
'MISCELLANEOUS EXHIBIT.                              Grain in   I   Loss
in
*   .       t  Surplus.    I  Surplus.
Receipts from   home office .........................     $18,140 651..
Remittances to home office ...........          ............. . .     1 
$21,359 31
Net loss from above ..                         .      .                 
 $3,218 6,3
Total gains and losses in surplus dur-1               I
ing the year .......... .   .                          $241,539 471     $3,218
66
Surplus Dec. 31, 1911 ..................1 $2,829,144l7i ..............
Surplus Dec. 31, 1912 ................1 3067,465 52 ........................
Increase in surplus during the year.................   ...............1 
238,320 81
Totals *-..---.......-.   .I ...........           $241,539 471   $241,539
47
Per cent of losses incurred to premiums earned, 52.43.
Per cent of underwriting expenses incurred to premiums earned, 42.53.
Per cent of investment expenses incurred to interest and rents earned, 3.83.
Per cent of total losses and expenses incurred and dividends declared to
total income earned, 89.25.