GERMAN AMERICAN FIRE INS. "CO.


467


UNDERWRITING        AND   INVTESTMENT      EXHIBIT-Continued.
I           ,    l
PROFIT     ON  INVESTMENTS.                       l
Gain from. sale of ledger assets ....... ..............   223,61 89j..............
Investment income earned during thel                  I
year ..                               .............. I.............. $1,256,427
749
LOSS ON INVESTMENTS.              I             |              I
Loss from   sale of ledger assets.    .     .... $7,471 901 ........   I
Loss from    change in difference be-I                I
tween book and market value dur-1                   I
ing the year ...........                  215,353 431 ........      I..............
Loss on investments during the year.!..............      $222,825 331.
INVESTMENT EXPENSES.
Investment expenses paid during thel
year .. ...$153,710 401 ............
Deduct investment expenses unpaid !                   I              I
Dec. 31 of previous year    .    .          6,600 00°
Balance   .....   ..................  $147,110 40   1 .  .............
Add investment expenses unpaid Dec.t                  II
31, end of the year .................      12,000 00.1. ...................
I-  -      II
.Investment expenses incurred during!                 I
the year .....                                      I .159,110 401 .
Investment losses and expenses dur-1                  I
Ing the year ..........I.....                                          381,935
.3
Gain   from  investments   during   the!              I
year .............I . $874,492 06
MISCELLANEOUS        EXHIBIT.       I    .        I   Gain in    I   Loss
in
I  Surplus.    I  Surplus.
Dividends   declared  to   stockholders               I              l
during the year.I $.......600,000 00
]         ~1-          -
Net loss from   above.I ............................              $600,000
00
*          1              1~~~~           ~     ~~~~--- I
Total gains and losses in surplus dur-!               I
ing the year ..........I ..                           $1,373,985 271  $600,000
00
Surplus Dec. 31, 1911 ..........  !. $8,802,412 911 .
Surplus Dec. 31, 1912 ..........         1 9,576,398 18!..............I..............
Increase in surplus during the year...      . ............I..............
 773,985 27
Totals   ......................... ..............I $1,373,985 271 $1,373,985
27
Per cent of losses incurred to premiums earned, 55.55.
Per cent of underwriting expenses incurred to premiums earned, 38.41.
Per cent of investment expenses incurred to interest and rents earned, 15.41.
Per cent of total losses and expenses incurred and dividends declared to
total
income earned, 91.91.