RHODE ISLAND INS. CO.


795


UNDERWRITING AND INVESTMENT EXHIBIT-Continued.
UNDE1RWRITING EXPENSES.               I
Underwriting    expenses paid    duringl
the year ............................1    $200,007 1i71 .........     I
Deduct underwriting expenses unpaidl                    I              I
Dec. 31 of previous year          . . -      ---- 46,'801 64i .......   .
Balance    * ........... ....-.-.- -.I  $153,205 53. -............. 1.
Add   underwriting    expenses   unpaidj         I                     I
Dec. 31, end of tue year .........          53,840 661 .
Lnderwriting expenses incurred dur-                                    I
ing the year            ........................ ..... 1  207,046 191.
Underwriting losses and expenses           .        ...       ........I 
  504,775 94
- _
Loss from    underwriting   during   thel
year .1                                               1..........       
$25,241 75
INVESTMENT EXHIBIT.                1
Interest and Rents.            !
Interest, dividends and rents received I
during the year ..............              $45,099 83.     ........ ..............
Deduct interest, dividends and rents
accrued Dec. 31, end of the year .11,007 93 ..............
Balance                                 $34,091 90 ........       ..............
Add interest, dividends and rents ac-
crued Dec. 31, end of the year ......        1 1,959 341 ..........   ..............
Total ........................... .............       $46,051 24 .
PROFIT ON INVESTMENTS.              I
Gain from   sale of ledger assets ....... I..............         46 67 .
Investment income earned during thel
year ......................          .                                  
 $46,097 91
LOSS ON INVESTMENTS.
Loss from    change in   difference  be-          .
tween book and market value dur-                                   7
ilg  the   year   ....       ...... .............. $I,650 671
INVESTMENT EXPENSES.               I                             I
*                     ~       ~      ~       ~      ~~I  I  I
Investment expenses paid during thel
year ... ...........                                         1,305 58 .
Investment losses and expenses dur-
ing the year ..........                                ...........      
  10,956 25
Gain from investments during the year ..............J .............. J  
  $35,141.66
I       =      ========-= -==
MISCELLANEOUS EXIIIBIT.                            I   Glain in    I  LJOSs
in
I              I   Surplus.   J   Surplus.
Dividends    declared  to  stockholdersl                |
during the year .         ............ . 1.                             
$35,000 00
Loss from    above ..- --   --------      . --1----      .............. 
  $35,000 00
Total gains and losses in surplus dur-I                                I
ing the year ........................ ..............       $35,141 661  
$60,241 75
Surplus Dec. 31, 1911 ......      .         $402,334 031 ........
Surplus Dec. 31, 1912 .............    .     377,233 941 .
Decrease in suryplus during the year...........          I      1   -  ..............___,_
_-
Totals .       . .......................               $60,241 75    $60,241
75
I  .I1
Per cent of losses incurred to premiums earned, .G20.
Per cent of underwriting expenses incurred to premiums earned, .431.
Per cent of investment expenses incurred to interest and rents earned, .028.
Per cent of total losses and expenses incurred and dividends declared to
total
income earned, 1,047.