348                       COLONIAL ASSURANCE CO.
UNDERWRITING AND INVESTMENT EXHIBIT-Continued.
INVESTMENT       EXHIBIT.                       X
Interest and Rents.
Interest, dividends and rents receivedi
during the year      ...................  $12,314 091.      .............
-Deduct interest, dividends and rents                I             I
accrued  December 31, end of thel                  I             l
year   .. *                                2,166              661 ............l.
Balance   .....         .            $10,147 431 .            I..............
Add interest, dividends and rents ac-                I              I
crued December 31, end of the year         3,875 00. I.............
.Irterest and rents earned during the                     $             
 .
yearl   ...... .... .... ..... .... ... ...... .. ..   $14, 022   431 . .
. . . . .
-  I
PROFIT ON INVESTMENTS.
Gain from   sale of ledger assets   ..... ..............    1,953 121.
Investment income earned during the                  l
year ...       .5. .............. .......... a                       i  5,975
55
LOSS ON INVESTMENTS.             l
Loss from   change in difference be-
tween book and market value dur-
ing the year .                       ..........         $3,660 001.
INVESTMENT EXPENSES.              I
Investment   expenses   incurred   and1
paid during the year .............                         424 44
Investment losses and expenses dur-
ing the year ...................     ...........[. 4.4..      ',        
4,084 44
Gain   from  investments   during   the
year .................... ............ .........                      $11,891
11
MISCELLANEOUS EXHIBIT.           e                 Gain in    |  Loss In
I  Surplus.   { Surplus.
'Dividends  declared  to  stockholdersI              l
during the year         .          ...............    ............J    $8,000
00
'Net loss from above .         ..........................!              
$8,000 00
* Total gains and losses in surplus dur-
ing the year.                                          $39,566 801 $8,000
00
Surplus Dec. '31, 1911 ......... .    . .  101,872 12 ............................
Surplus Dec. 31, 1912 ................     133,438 92 ......
. Increase in surplus during the year... ..........   I..............I  
 31.566 80
Totals .....                                         3       '    $39,566
80
Per cent of losses incurred to premiums earned 28.8.
Per cent of underwriting expenses incurred to premiums earned .44.
Per cent of investment expenses incurred to interest and rents earned .3.
Per cent of total losses and expenses incurred and dividends declared to
rtotal income earned .74.