AMERICAN DRUGGISTS FIRE INS. CO.
UNDERYWItITERS AND INVESTMENT EXHIBIT-Continued.


271




PROFIT ON INVESTMENTS.
'Gain from increase in book value
of ledger assets ................
Gain from change in difference be-
tween  book and market value
dluring the year ...............
'Gain from other investments, viz.:
Stock transfer fees ............
-Profit on investments during the
yeae ...........................
JIlvestment income earned during
the year .......................
LOSS ON INVESTMENTS.
Loss from decrease in hook value
of ledger assets .
-Loss from change in difference be-
tween  book and    market value
(luring the year ...............
Loss on investments during) t-the
year   .... ......................
INVESTMENT EXPENSES.
Investiment expenses inourred and
paid during the year .........
Investment losses and    expenses
during the year ...............
Gain from investments during the
year  ...........................
MISCELLANEOUS EXHIBIT.


..............


1, 078 48
11 50


1,1391 8.


$13,562 06


$.t,023 61 1...... I .


40 77  ..............


$1,1064 38 1..............


..............        .     .           ;542 35


...............
Gain in
Surplus


1, 606 73
$11,933 33
Loss in
Surplus


TDhvidends declared   to stockhold-
ers during the year             ...... ..............                $18,000
00
Net loss from  above ...... ........... ..............$8......  .8,000 00
'Total gains and' losses in surplus
during the year ...........           ..............  $16,388 98     $18,000
00'
Surplus Dec. 31, 1911 ............      $75,007 68 .............. ..............
Surplus Dec. 31, 1912 ............       73.396 66 .............. ..............
Deerease in   surplus   during  the
year ..           .........        ..............       1,611 02  ..............
Totals     .................                    $18,000 00      $18,000 00
Per cent of losses incurred to premiums earned 53.5.
Per cent of underwriting expense incurred to premiums earned 41.3.
Pen cent oi investment expenses incurred to interest and rents earned 4.3.
Per cent of total losses and expenses incurred and dividends declared to
total income earned 101.6.
5-Ins- I