AMERICAN UNION FIRE INS. CO.
UNDERWRITERS AND INVESTMENT EXHlBIT-Continued.


285


MISCELLANEOUS EXHIBIT                               Gain in        Loss in
Surplus        Surplus
Total gains and losses in surplus
during the year ................                      $18,040 52     $101,463
35
Surplus Dec. 31. 1911 ............ ... 5},     ' 79.............. ...............
Surplus Dec 31, 1912 .............        67,371 96 . .............. ..............
Decrease in    surplus  luring  the
year ..         ..                 ..............      83,422 83 ..............
Totals ..................         ..........   $101,463 35     $101,463 39
Per cent of losses incurred to premiums earned 66.7.
Per cent of underwriting expenses incurred to premiums earned 45.9.
Per cent of investment expenses incurred to interests and rents earned 20.5.
Per cent of total losses and expenses incurred and dividend, s declared to
total
-income earned 108.8.