NOltD DEUTSCHE INS. Co.


969


UNDEEtWEITiNG AND INVESTMENT EXHIBIT-Continued.


I
I
I


INVEJS'I'AIENT VXP3ViqVq


- ~ . ~ ~ - - ..~I       I           l
Investment expenses paid during teII
ye r  ... .. ... ..... .. .. ... .. ..-.. ..1     756   12 .
Investment losses and expenses dur-|
in(- the year ....................... .          .         13,045 37
Ga in from  investments during thel
year  .                       I             ..............  $11,809  68


MISCELLANEOUS EiX1IIBIT.


Receipts from   home office ..........................
Net gain from above .............
Total gains and losses in surplus dur-
ing the year ...................... ..............
,Surplus 1)ec. 3-1, 1911. . ................  $261,2 9:84
Surplus Dec. 31, 1912 ..................     319,931 57
Increase in surplus during the year.. ..............
Totals ... .                                .


Gain in  I Loss in
Surplus. I Surplus.
$65,000 001.
$65,000 001  . .---.--.-
$76,809 681  $18,116 95
... ... ... . 1.............
.........
.... ..        ........ | P58,692 73
$76,809 681  $76,809 68


Per cent of losses incurred to premiums earned, 45.1.
Per cent of underwriting, expenses incurred to premiums earned. 61.4.
Per cent of investment expenses incurred to interest an(d rents earnme(l,
.03.
Per cent of total losses and expenses incurred alnd dividends declared to
total
inCollme earned, 106.8.