WEST BEND MUTUAL FIRE INS. CO.                          1131
UNDERWRITING AND INVESTMENT EXHIBIT-Continued.
Deduiet interest and rents paid in ad-
Vance Dec. 31, 1912 .        ..............  1  28 001 .............. I.l
Int.e4rest and rents earned during 19121 .............. I.............. I
 $2.099 OS
MISCELLANEOUS EXHIBIT.             I                 G Zain in  I  Loss In
I             I   Surplus.   I  Surplus.
Sale of bonds .     ...............1.............. !  1                 
      $78
Total frynis and losses in surplus dur-l             I
lng 1912 .                                     l      S$2.099 811 $1,118
10
Snrpnlno Dee. 31. 1911 ............... 1   $24.001 6NI .........    I   .
    .
Surplus Dec. 31. 1912 ...................I   24.983 361.           I
I           -1  -
Increase in surplus during 1912 .               ..  .                   
   971 71
Totals ..........................                    $2,099 811    $2,099
81
Per cent of losses incurred to premiums earned. 55.
Per cent of underwriting expenses incurred to premilinis earnel. 47.
Per cent of total losses and expenses incurred and dividends declared to
totat
income earned, 104.