LIVERPOOL AND LONDON AND GLOBE INS. CO.


945


UkDERWRITING AND INVESTMENT EXHIBIT-Continued.
I~ I'                                       -
Gain from    change in difference be-I                 .1
tween book and market value dur-1                    I               I
ing 1912 ............................. I     38,742 551 .......       I
Gain from other investments.61,668 00.....                            ..
j......... .....
Profit on investments during 1912        ..............     101,006 211 ........
Investment income earned during 19121 ............I.............. I. $636,739
27
I              I              I
LOSS ON INVESTMENTS.               1
Loss from sale of ledger assets ........I     $6,138 121 .......        
..............
Loss from   decrease in book value of            '      I
ledger assets ....I..... l 9,552 241 ............. ....-
Loss from    change in    difference be-I
tween book and market value dur-!
ing  1912             ............................  97,678  101 ...............
......
Loss from   other -investments .........         850 071 ........   .   ..............
Loss on investments during 1912 ................... .   I  $114,218 53 .
INVESTMENT        EXPENSES.         I              I
Investment expenses paid during 19121 ..............I1        82,183 241.
I              II
Investment losses and expenses dur-j                                   1
ing 1912               ..............................                   
 196,401 77
Gain from investments during 1912         ............................. 
 $440,337 50
*                      I========~~~II                I=== - =
MISCELLANEOUS         EXHIBIT.                      I   Gain in    I   Loss
in
I              I   Surplus.   I   Surplus.
Receipts from   home office .        .........................  $2,080 781.
Remittances to home office ............    .      ...........    $..... 1
$1,312,737 .5
Decrease in special reserve .........   ..............1       4,827 391..............
From other sources:                                                    I
I
Life income                            I.............         269 631 .....:
Life expenditure.............. ..                            ..         
    ,005i7
Net loss from above ....           . --                 I ..............
$1,310 565 22
Total gains and losses in surplus dur-                                 I
ing 1912           ..........j.               .          $842,542 491 $1,317,743
02
Surplus  Dec.  31,  1911                ..................  .4......7.3..4.
 ............... ...........j
Surplus Dec. 31, 19)12 .                   4,015,972 92 ...1..      . .....
!         ~       ~I      I
Decrease in surplus during 11912      .     .............   475,200 53
Totals ..........................          ..... 1 $1,317,743 021 $1,317,743
02
_     _,                      ~      ~       ~~~    ~~~~~~~~~           ~~~~~~~~~~I
 I   __l_-
Per cent of losses incurred to premiums earned, 56.5.
Per cent of underwriting expenses incurred to premiums earned, 38.6.
Per cent of investment expenses incurred to interest and rents earned, 15.4.
Per cent of total losses and expenses incurred an(l (lividends declared to
total
income earned, 90.6.