LIVERPOOL & LONDON & GLOBE INS. CO.


581


UNDERWRITING        AND    INVESTMENT       EXHIBIT-Continued.
Add interest, dividends and rents ac-I
crued Dec. 31, 1912 ................        4,565 001 .........
Interest and rents earned during 19121.I                   $32,958 911.
I              l              I
PROFIT ON INVESTMENTS.              |
Gain from   sale of ledger assets......I        $35 091       ....      ..............
Gain from   increase in book value ofl I                             I
ledger assets .........                        87 131 ..           I..............
Profit on investments during 1912....* .............           12^2 221..............
Investment income earned during 19121 ..............I.............. *   
 $33,081 13
IN           'I\1
LOSS ON INVESTMENTS.              I              I              I
Loss from   decrease in book value of| I              I
ledger assets ....                           $752 861..............
Loss from    change in difference be-I                I              l
tween book and market value dur-I
ing 1912    ........................... .   6,064 27 .
Loss on investments during 1912 ...................         $6,817 13.....I........
INVESTMENT EXPENSES.
Investment expenses paid during 19121                          947 98
Investment losses and expenses dur-                   I              I
ing 1912 .....     -.-.-..              ........  ......                
 7,765 11
Gain from investments during 1912.. ................ ..............     
 $25, 31.6 02
MISCELLANEOUS EXHIBIT.              I              I   Gain in    I   Loss
in
l              I  Surplus.    I  Surplus.
Dividends   declared   to  stockholders                I             I
during   1912  ........................              .......1.......    $15,000
00
*                       ~       ~      ~       ~      ~~~~~~I....... II
Net  loss  from   above ...............  ..............  .........      
 $15,000  00
Total gains and losses in surplus dur- I
ing 1912 ............................. ........... . I1  $45,561 731    $15,000
00
Surplus Dec. 31, 1911.................      $429,465 651..............I..............
Surplus Dec. 31, 1912.................       4 60,027 381 ............ I
Increase in surplus during 1912 .......   .    ............I..............
 30,561 73
I              I~           -I
Totals ..         ..                             I$45,561 731       $45,561
73
Per cent of losses incurred to premiums earned, 56.8.
Per cent of underwriting expenses, incurred to premiums earned, 28.5.
Per cent of investment expenses incurred to interest and rents earned, .028.
Per cent of total losses and expenses Incurred and dividends declared to
total
income earned, 81.5.