932


HAMBURG-BREMEN FIRE INS. CO.


UNDERWRITING AND INVESTMENT EXHIBIT-Continued.
INVESTMENT EXHIBIT.
Interest and Rents.
Interest, dividends and rents received!
during the year .............       1  $69,013 Pif ........
Deduct interest, dividends and rentsi             I            I
accrued December 31, end of the)
year ........                   1      23,012 721 ........     I
Balance ..... I                    $46,0    191 .............. I .
Add interest, dividends and rents ac-I            I            I
crued December 31, end of the yearl    13,037 72J ...........  .
I    ,I
Total        .         .I.... ..                $69,038 911.
PROFIT ON INVESTMENTS.
Gain from increase in book value of               I            -1
ledger assets     .       .......... .  .             5,448 75.
Investment income earned during the!              I            I
year .         \-...................... --- ..-.------- -1.-..-..-..-- 1
 $74,487 66
LOSS ON INVESTMENTS.
Loss from sale of ledger assets .....      $50 251 ......       I
Loss from decrease in book value of               I            I
ledger assets ...-.1 ... 1              9,410 00. .
Loss from   change in difference be-]             I            I
tween book and market value dur-f
lng the year ..........      .         27,526 00.1-.-------------1------------
Loss on investments during the year ..............    $36,986 251.
INVESTMENT EXPENSES.
Investment expenses paid during the1                           I
year ........* -.                       - 1.....      2,042 781.
Ivestment losses and expenses dur-f              I             I
ing the year ....................... ..............02.........    39029 03
Gain from   investments during   thel                          I
year .                             ,...I $35,458 63
MiTSCELLANEOUS EXHIBIT.                       I  Gain in   |   Loss In
I Surplus.      Surplus.
Roeceints from home offlee ...........I.............-  $25,709 331.
Remnittances to home offie .  .    ......................  l   1l  $17,974
10
I   .        I             I
Net, gain from above ..I...... .......                 $7,735 23!........
Total grains and losses in surplus dur-!         I
ilug the year .....     .     .      .        I     $43,193 861  $54,17t
53
Qurnlus Dec. 31 1911 ..    .......... 1  $  956 5 371 .
Surplns Dec. 31. 1912 ..........   I1   555,977 701 .
Decrease in surplus during the yearl .............. l  10,977 671.
I        ~      ~      ~~~~~I  I
Totals ......................... ..............  $54,171 531  $54,171 53


Pe"' cent of losses incurred to premiums earned, 60.17.
er1 cent of uinderwriting expenses Incurred to premiums earned. 44.20.
Per cent of investment expenses incurred to interest and rents earned, 29.6.
Per cont of total llosses and expenses incurred and dividends declared to
total income earned, 101.36.