KEYSTONE MUTUAL FIRE INS. CO.


1177


UNDERWRITING AND INVESTMENT EXHIBIT-Continued.


_
-




Add underwriting    expenses unpaid
Dec. 31, 1912      .        .......       4,434 99
Underwriting expenses incurred dur-
ing 1912 .....                        ..............
Underwriting losses and expenses....
Gain from underwriting during 1912    ...........
INVESTMENT EXHIBIT.             l
Interest and Rents.
Interest, dividends and rents received
during the year .................       $13,600 41
Deduct interest, dividends and rents
accrued Dec. 31, 1911 .6,190 42
Balance.                             $7,409 99
Add interest, dividends and rents ac-
crued Dec. 31, 1912 .6,157 03
Total ........................... ..............
PROFIT ON INVESTMENTS. |
Gain from sale of ledger assets ......................
Investment income earned during 19121 ...............
LOSS ON INVESTMENTS.
Loss from sale of ledger assets.             $825 98
Loss from change in difference he-
tivaan hbok and market value during


32,410 40
... * .. #........


56,503 48
$274,286 98
_ _     ___


..$13,567021. . .............. . .
$13,567 021 ..............


106 25


............$
1$13,673 27


I..............I..............






1912 ................................          6,840 92                .............
Loss on investments during 1912                     .           .       
      7,666 90
INVESTMENT EXPENSES.
Gain from investments during 1912....$..............6.........          
     $6,006 37
MISCELLANEOUS EXHIBIT.               I               |  Gain in         Loss
in
Surplus.       Surplus.
Dividends declared     to  policyholders                 I              l
during 1912 ..................................l                         
 $286,464 97.
Net loss from above...................I .............. .........        
  $286,464 97
Total gains and losses in surplus dur-1
ing 1912 ..........................    . . I... ..........  $280,293 351
 $286,464 97
Surplus Dec. 31, 1911          .              175,678 791 ...................
Surplus Dec. 31, 1912 ................. 1     169,507 17!.............. ..............
Decrease in surplus during 1912 .         ................       9      
 ..............
... ... .. ... ... ..   .. . . . .. .  2 ($2           6 4 4 9
Totals..-                                             $286,464 97      286,44
97
In_                I              Il .     _


Per cent of losses incurred to premiums earned, 7.25.
Per cent of underwriting expenses incurred to premiums earned, 9.75.
Per cent of total losses and expenses incurred and dividends declared to
total
income earned, 101.9.