886


AACHEN & MUNICH FIRE INS. CO.


UNDERWRITING        AND INVESTMENT         EXIIIBIT--Continued.
UNDERWRITING PROFIT AND
LOSS ITEMS.
Loss from   agents' balances clargedl                               I
of        . *                                $364 851 ......   .    ...........
Agents' balances and bills                                          . *
receivable not admitted d
Dec. 31, 1911 .............  $2,527 691 ............................
Agents' balances and bills                                   .
receivable not admitted              I
Dec. 31, 1912 .............  1,788 391 ..........
Gain from   above .....................I.       7 33 30! .........    I..............
Gain   from  underwriting   profit and!               I             i
loss items ...         .         ..... ..............-1     374 451.
Underwriting   income earned    during|               I
1912 .                                .                ;.I $1, 105,183 26
LOSSES.                         I             I
Losses paid .......... iI ..............   $581,651 Oil .......   ..    
  1
Deduct unpaid losses Dec. 31, 1911 ...;     107,619 591 ......
Balance   ........................             ..............
Add unpaid losses Dec. 31. 1912.            147,631 ..............5(1.
Losses incurred during 1912                              $58......................
1589,731 441.
UNDERWRITING EXPENSES.                           -
IJnderwriting  expenses paid    during!               i              I
1912           .                      1 $504,011 121 .
Deduc't underwritingv expenses unpaid
I)ec. :11, 1911 ..........     .          23,023 891 .             ...........
I-             I             I
.                           I;llle ...'l $4/80, 981 231.... 11
Add   underwriting expenses, unpaidll                I
Dec. 31, 1912 ..........1                  20,603 951 .......       I.  .
   .
Underwriting expenses incurred dur-                   I
ing 1912 .................                                      1       
.
iJnderwriting losses and expenses       ................ .............. 
1,091,316 62
Gain from   underwriting during 1912.!          .       ........        
$13,866 6f4
INVESTMENT EXHIBIT.
Interest and Rents.
Interest, dividends and rents received!
during the year   ...................     $ $85,965 171 ........    I.-.--
Deduct interest. dividends andj rentsl                I             I
accrued Dec. 31, 1911 ...............      25,024 631 .......       I
Balance ......            .        1 $60,940 541 .
Add interest, dividends and rents ac-!                I              I
crued Dec. 31, 1912 ................   l  26,097 171 .......         l
Interest and rents earned during 19121..$8- ..............              
$S7,037 71
LOSS ON INVESTMENTS.              I
Loss from    chtange in difference be-I               I             I
tween book and market value dur-I
ina  D1912 ............................ I..............  $35,298 951...