988


NORWICH UNION FIRE INS. SOCIETY.


UNDERWRITING AND INVESTMENT EXHIBIT-Continued.
Underwriting expenses incurred dur-i
iag 1912 ......................             ..........I   754,502 581 .
Underwriting losses and expenses ................................. A    
1,652,943 08
Gain from underwriting during 1912 .............. I.............. I     
  $58,571 26
INVESTMENT       EXHIBIT.          l              I
Interest and Rents.
Interest, dividends and rents receivedj
during the year ................       l   $90,150 50j..............I..............
Deduct interest, dividends and     rentsl                              I
accrued Dec. 31, 1911 ................I     21,224 581..............I..............
Balance .........$........ 1           $68, 925 921 ......    .. I      .
Add interest, dividends and rents ac-I                  I.
crue(l Dec. 31, 1912 ..................     21,880 831 .......)
Total ....                          .....-.-.. -      $90,806 751.
PROFIT ON INVESTMENTS.              l               l
Gain from sale of ledger assets.2,562 5S0..............
Investment income earned during 19121         .       ..............  | 
  $93,369 25
LOSS ON     INVESTMENTS.           I              I              I
Loss from    change in    difference be-I               I
tween book and market value during                    l
1912 .                                          X X $24,66G 71 .
INVESTMENT        EXPENSES.         I              1I
Investment expenses paid during 19121 .............. 1        2,652 U0..
investment losses and expenses during I
1912 ................................. I.......    .                j   
  27,318 75




I


Gain from investments during 1912.                     ..............   
$66,050 50
MISCELLANEOUS EXHIBIT.                            I   Gain i        Loss
in
I             I   Surplus.   I   Surplus.
Receipts from home office. ............ ..............    $10,000 00 .
Remittances to home office.............  ............. ..............  $104,629
83
Gain from other sources ...............I..............        565 69 .
Net loss from above .* -                               ..............   
$94,064 14
I         ~      ~     ~~I -I  __      I.___________
Total gains and losses in surplus dur-                I             I
ing 1912 *                            ...1. ..........  $124,621 761   $94,064
14
Surl us D)ec. 31, 1911       .        .'I  $910,572 631 ............  , ........
I-
Surplus Dec. 31, 1912 ..................    941,130 25f......        ...............
1 I
Increase in surplus during 1912 .   .   .   .   ........................
 30,557 62
Totals            .      .       .                 $124,621 76 $124,621 76
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _   I  I~~~ ~ ~~ ~ ~~  ~ ~~   ~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~




Per cent of losses incurred to premiums earned, 52.44.-
Per cent of underwriting expenses incurred to premiums earned, 44.04.
Per cent of investment expenses incurred to interest and rents earned, 2.92.
Per cent of total losses and expenses incurred and dividends declared to
total
income earned, 93.O9.