HARTFORD FIRE INS. CO.                             537
UNDERWRITING AND INVESTMENT EXHIBIT-Continued.
LOSS ON INVESTMENTS.
Loss from sale of ledger assets .....       $7,234 301.......
Loss from   decrease in book value of                I
ledger assets ..........  ............     6,968 201 ......
Loss from   change in difference be-I                I             I
tween book and market value dur-I
ing the year .1......................    397,778 21 ........
Loss from   other investments .........    150,588 27 ...........-l----.---------
Loss on investments during the year. ..............     $562,568 98..
INVESTMENT EXPENSES.
Investment expenses paid during thel
year ..       .      ..              ............l      58,231 10.
Investment losses and expenses dur-j
ing the year ...................                 .. ..............    621,300
58
Gain  from   investments during    thel
year ...........                     l  ......... .........          $464,948
04
I===          I==== ---=
MISCELLANEOUS EXHIBIT.             I             I   Gain in       Loss in
|          |~~~ Surplus.  l' Surplus.
Dividends declared    to  stockholdersl              I            l
during the year ...................-..............1--------------   $700,000
(0
Increase in special reserves .......... ..............   $25,599 01
Loss from other sources .              .............. ...........       632,66
95
Net loss from above .                  .............. ...........    $1,306,869
94
Total gains and losses in surplus dur-i                            I
ing the year     ........................ ...       $2,000,854 681 $1,306,869
94
Surplus Dec. 31, 1911 ................. $7,819,707 48       .        ..............
Surplus Dec. 31, 1912 ................. 1 8,513,692 22 ..............I..............
Increase in surplus during the year... ............................     693,984
74
Totals ....1 .                        .          $2,000,854 681 $2,000,854
68
Per cent of losses incurred to premiums earned, 54.1.
Percent of underwriting expenses incurred to premiums earned, 36.
Per cent of investment expenses incurred to -interest and rents earned, 5.(6.
Per cent of total losses and expenses incurred and dividends declared to
total
income earned, 88.5.