LONbON     ASSURINCE CORPORATIO4.                        951
IJNDERIWRITING AND        INVESTMENT EXHIBITI-Continued.
Underwriting expenses incurred dur-I
lig tlie year ..                                     1,011,595 761.
I          I       -    - I
Underwriting losses and expenses .            ............. ..............
1 2,336,280 17
C'ain fronm  indlerwriting, during thel              I             I
e.. .              .                 .-                              $213,114
72
INVESTMENT EXHIBIT.
Interest and Rents.
Interest, dividends and rents receivedl              I
during the year ...............         $130,873 291 ........     I
Add interest, dividends and rents acl-
Add interest, dividends and rents ac-I               I
Total            ... -.                ..        ..............  $169,243
26
LOSS ON INVESTMENTS.
Loss from   change in difference be-I                I             |
tween boo0k and market value dur-I                 I
ing the year ..........1 l $46,333 131.
I             iI
I             l              I
INVEISTMENT EXPENSES.            I
Investment expenses paid during thel
year ...........................                         3,907 85 1.
Investment losses and expenses dur-1                               I
ing the 3.ar.                               .      .      .            50,240
98
Gain  from   investments   during  thel
year *                               ............1.. .               $119,002
28
I         ~      ~      ~~~~~~~1  1
MISCELLANEOUS EXHIBIT.                           I  Gaain in      Loss in
I             I Surplus.     I Surplus.
Receipts from  home office ........... ..............   $102,754 391-.............
Remittances to home office ......................... I....l.l          $482,090
34
Loss from   other sources:   Recoveryl               I             I
"Crown Prince" ..................... .             ....       
  1   26,334 48
Net loss from  above ............        ...... 1 .I             $405,670
33
Total gains and losses in surplus dur-1              I             I
the year ...... ........     ...                      $332,117 001   $405,670
33
Surplus Dec. 31, 1911 ..$1,119,933,1............ .....              . I.......
Surplus Dec. 31, 1912 ...............    1,046,380 361 ..........   I
Decrease in surplus during the year .........        1 --  73,553 331.
I             I             I1
Totals         .         .......................I  $405,670 331  $405,670
33
_ _ _                         I                            I
Per cent of losses incurred to premiums earned, 51.71.
Per cent of underwriting expenses incurred to premiums earned, 39.49.
Per cent of investment expenses incurred to interest and rents earned, 2.31.
Per cent of total losses and expenses incurred and dividends declared to
total income earned, 87.78.