MILWAUKEE MECHANICS INS. CO.
IUNI)Eli-WRITERS ANI) INVESTAIENT EXIIIB1IT-Continued.


225




INVESTMENT EXHIBIT
Iuterest and Rents.
Interest, dividends and rents re-
ceived (luring the year .......
Deduct   interest,  dividends  a rd
rents accrued December 31, 1911
Balance   ...  ..   ........
Add interest, dividends and rentts
accrued December 31, 1912 ....
Interest arid rents earned during
1 '91 9  . .. .. .. .. .. .. .. .. .. .. .. .. .. .
PROFIT ON INVESTMENTS.
'Gain from  sale of ledger assets..
Gain from increase in book value
of ledger assets        . .... .. .
Profit on investments during 1912
Investment income earned during
1912  ............................
LOSS ON INVESTMENTS.
Loss from decrease in book value
of ledger assets ................
1literest to Reinsurance
Co. on Reserve Fund.. $3,820 42
Interest   on   borrowed
money ................ 1,266 63
Loss on investments dluring 1912
Investmenit expenses incurred and
paid dluring 1912 ...............
Investment losses and     expenses
during 1912 ....................
Ga ii from   investments   dluring
1 912  ...........................
MIISCELLANEOUS EXHIBIT.
Dividends deelared to stockhold-
ers during 1912.
Net loss from  above .............
Total gainln sand losges iii surnlus
during 1912 ....................
Surplus Dee. 31. 1911 ............
Surplus Dec. 31, 1912 ............
Increase in surplus during 1912..
Totals   .....................


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


$185,347 10
40,869 76
$144,477 34
41,160 61


...... ..




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


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


$183, 637 Q5 I..............


$4,078 43
2,980 00
..............


..............
..............
7,058 43


$30,302 081 ..............


..............
5,087 -07
..............
..............


..............
..............
$33,589 1o
7,345 75


..............
..............
..............
$192,696 38
..............
..............
..............
..............
..............
..............
42,934 90
$149,761 48
Loss in
Surplus.
$120,000 00
$120,000 00
$120,000 00
......... .....
120,093 26
$240,093 20


Gain in
Surplus.


..... 3 ........
$69.676 78
779,770 04
..............


$240,093 26
..............
..............
..............
$240,093 26




Per cent of losqes incurred to premiums earned. 52.90.
Per cent of underwriting expenses incurred to premiums earned. 42.43.
Per cent of imivestment expenses incurred to interest and rents earned, .39
Fer cent of total losses and expemises incurred and dividends declared to
total
'income earned, 94.66.