98t-)8                 IiVLAW  UNION   AND   ROCK    INS. CO.
UNDERWRITING         AND    INVESTh   MENT   EXIIIBilT-Continuied.
I ~0I----- -
INVEST1MIENT      EXP'ENSES.
Investment expenses paiid during thel                                  I
,e a   r  . . . . . . ...................  ... .. ... ..    1 , 051   II
. .. . .. . .
year.~~~~~~~~~~~~~~~~~~II                              ----       .
Investment losses and expenses dur-l                                   I
lu g the year ....................... yr.......................         
  15,166 It
(Glain  from  investments  duiring thel                I              I
year ..                                 .                               
 $15,409 50
MISCELLANEOUS        EXHIBIT        I                  Gain in        Loss
in
I              I   SSurplus.  I   Surplus.
lReceipts from home office..                                 .          ..............I
Remittances to hoome office ..................       .     .     .     I
   $74,144 89
Ioss from   other sources:    Ilcreasel                               I
in statutory deposit *-        .       -----  ... .    .     .........  
102,000 0)0
Loss from above                           .....                         
  $68,894 89
Total gains and losses in surplus dur-1                                I
ing the year ........................I..............1     $15,409 501   $108,296
54
Surplus Dec. 31, 1911 .$....... 1           $1,24,969 9f31 .............
    1.
Silplus I)ece. '1. 1912 ..........3 2,082 891 .............
l)ecrease in surl)lus during the year.1 ............... 1    92,887 041.
I              I _   - ____________   I -  ______________   _
Totals   * ..................       ............... 1  $108,296 541  $108,296
54
_ __ ._                         1       .                 .         _,_
Per cent of losses incurre~d to premiums earned, .631.
Per cent of underwvriting expenses incurred to premiums earned, .442.
Per cent of investment explenses incurred to interest and rents earned. .034.
Per cent of totazl losses and expenses incurre(l and divi(lends declared
to total
income earned, 1.08.1.