678


NEWARK FIRE INS. CO.


UNDERWRITING        AND INVESTMENT EXHIBIT-Continued.
MISCELLANEOUS EXHIBIT.                              Gain in       Loss in
I             } Surplus,    I Surplus.
Dividends declared    to  stockholdersI
during the year .................................. ......           $52,397
80
Net loss from above.................$.............. ........          $52,397
80
Total gains and losses in surplus dur-j             l             l
ing the year.                                        $295,005 041  $170,099
53
Surplus Dec. 31, 1911        .       I   $603,944 301........................
Surplus Dec. 31, 1912 ...                 728,849 811vs.            ............
Increase in surplus during the year................ I.............. 1  124,905
51
Totals .... |..                                   $295,005 041  $295,005
04
Per cent of losses incurred to premiums earned, 59.67.
Per cent of underwriting expenses incurred to premiums earned, 60.33.
Per cent of investment expenses incurred to interest and rents earned, 12.41.
Per cent of total losses and expenses incurred and dividends declared to
total
income earned, 86.07.