586


LUMBER INS. CO.


UND _RlRWP, ITING AND   INVESTMENT EXHIBIT-Continued.
I                                   -
INVESTMENT EXHIBIT             I
Interest and Rents.         l
Interest, dividends and rents received           I             I
during the year.                      $9,496 65[..;...........I..............
D)educt interest, dividends and rentsi
accrued -December 31, end of thel
year ...                                7,490 831 ........   1
Balance ........                   $22, 1005 8511 ...........  .
Add interest, dividends and rents ac-             1I1
crued December 31, end of the yearl     6,547 48.           1
Total .......          .          ..   .        $28,553 30..............
PROFIT ON INVESTMENTS.          I
Gain from  increase in book value ofJ ]                        1
ledger assets ..........           .      .            294 581 .
Investment income earned during the1                           1
yrear ..                                         ..... $28,847 88
LOSS ON INVESTMENTS.
Loss from  decrease in book value of!             1            l
ledger assets ..$3.................. 1                               $3,203
431 ........1.
Loss from   change in difference be-l             I
tween book and market value dur-1.
Ing the year ........                     414 90 .............
Loss from other investments .....1       18,398 751 .............. I
Loss on investments during the yearl..............I   $22,017 08..............
INVESTMENT EXPENSES.
Investment expenses paid during thel
year  ................................                  990   081.
Investment losses and expenses dur-I.
ilg the year ....................... .......1                     23,007
16
Gain from     investments during  the[.
year...                                               .      1    $5,840
U
MISCELLANEOUS EXHIBIT.           I             I  Gain in   I  Loss in
1  Surplus.     Surplus.
Dividends declared   to  stockholders!
during the year         *         --      - -       -      --    -1-----1-----
.. ..........  $40,0100 00
I  ~      ~      ~     ~~~~ l     -
Ne lssfrm boe ----- - -- ---1 -- - -- ---- 1- ------- -1. . . . . . . . .
........$000°
Net loss from above .      .    .............. ...... .                 
  00
Total gains and losses in surplus dur-I *
ing the year .......          ..    .               $49,085 901  $40,000
00
Surplus Dec. 31, 1911 ...........      $109,253 36.     . .-----1-------------*
Surplus Dec. 31, 1912 ................  118,339 26t.
Increase in surplus during the year .       .............1..............
 9,085 90
Totals .    ....................I....-...... 1  $49,085 901   $419,085 90
_ _ _ _ _,, _    _  _              I            '
Per cent of losses incurred to premiums earned 49.
Per cent of underwriting expenses incurred to premiums earned 39.
Per cent of investment expenses incurred to interest and rents earned 3½/2.
Per cent of total losses and expenses incurred and dividends declared to
total income earned 92.                        -1