FEDERAL U3NION INS. CO.


423


UNDERWRTITING AND INVESTMENT EXHIBIT-Continued.


_ _


INVESTMENT EXHIBIT.
Interest and Rents.         I
Interest, dividends and rents receivedl
during the year ................
D)educt interest, dividends and rents
accriled Dec. 31, end of the year....
Balance ........................
Add interest, dividends and rents ac-
crued Dec. 31, end of the year......
Total             '
PROFIT ON INVESTMENTS.
(Gain from increase in book value of|
ledger assets .......................
Investment income earned during the
year ................................
LOSS ON INVESTMENTS.
Loss from change in difference be-
tween book and market value dur-
ing the year           .           I


$7,600 51
1,589 72
$6,070 79


2,081 371. -.. --- i.-.-.-.-.--


$8,152    ..............
9. 7  21.. .    . . . .  .
.. . .. .       $8, 219  .14


$I.,(163) ,  7T51..............


I           I            I
INVESTMENT EXPENSES.         I            l           I
*  I        ~      ~~I   I
Investment expenses paid during thel
year ...................            l              231 961 .
1        l            I
Investment losses and expenses dur-¶ l
ing the year .   .................    ..............I         1,295- 71
Gain from  investments 'during the|
year ..............I $6,953 70
MISCELLANEOUS EXHIBIT.                        G r Gain in  |  Loss in
I Surplus. I   Surpluts.
Total gains and losses in surplus dur-I                   I
ing the year ........................$ ..............  15,250 221.
Surplus Dec. 31, 1911 .................I1  $31,341 611 ........   I
Surplus Dec. 31, 1912 .................I- 46,591 831 ...IIIII        l
Increase in surplus during the year  .............. -..... . .   $15,250
22
Totals      .         ..                     $15,250 221  $15,250 22


Per cent of losses incurred to premiums earned, 57.7.
Per cent of underwriting expenses incurred to premiums earned, 34.6.
Per cent of investment expenses incurred to interest and rents earned, 2.8.
Per cent of total losses and expenses incurred and dividends declared to
total
income earned, 85.9.