CENTRAL NATIONAL FIRE INS. CO.                         331
UNDER WRITING AND INVESTMENT EXHIBIT-Continued.
MISCELLANDOUS EXHIBIT.           I             I  Gain in       Loss in
Surplus.      Surplus.
Dividends   declared  to  stockholdersi             l
during the year ..      .......... ............. .l                  $18,000
00
Increase in special reserves .....................     $200,000 °.I
Net gain from above ..................       .......    $182,000 001.
Total gains and losses in     surplusl                            I
during the year .....  ............... .............. I  $207,065 301  $173,018
49
Surplus Dec. 31, 15911 ................. 1  9(,179 561 .............. ..............
Surplus Dec. 31, 1912 ................    113,226 371 ......
Increase in surplus during the yearj.............I...............!     34,046
81
Totals ..                       .           .     $207, 065 301 $207, 065
30
Per cent of losses incurred to premiums earned 76.9.
Per cent of underwriting expenses incurred to premiums earned 62.8.
Per cent of investment expenses incurred to interest and rents earned 2.7.
Per cent of total losses and expenses incurred and dividends declared to
total income earned. 135.8.