378


CONNECTICUT FIRE INS. CO.


UNDERWRITING        AND   INVESTMENT       EXHIBIT-Continued.
Underwriting expenses incurred dur-                   I             I
ing the year .................................        1,486,159 171 ..............
Underwriting losses and expenses,, ...............................     3,571,093
38
Gain from    underwriting during    thel             I
year .           ..                        l           ..              $99,964
20
INVESTMENT EXHIBIT.              {                            I
Interest and Rents.          I              I
Interest, dividends and rents received                              l
during the year .............            $298,342 57!..........................
Deduct interest, dividends and rents!                 I
accrued Dec. 31, end of the year....!      41,183 841 ........      I
Balance .....                        $257,158 731 ..     ...... 1.      .
Add interest, dividends and rents ac-I                I             l
crued Dec. 31, end of the year.....I       41,873 881 ...
Interest and rents earned during thel                 I
year ............................... -..-.-.... $1 299,032 611 .
PROFIT ON INVESTMENTS.
GaiD from   sale of ledger assets .....................I      777 501..............
Investment income earned during the!                  l
year ....................                                             $299,810
11
1            . I              I
LOSS ON INVESTMENTS.
Loss from sale of ledger assets ....... -    $1,485 00! ..............
Loss from    change in   difference be-! l
tween book and market value dur-1 I
ing the year .........               1     47,495 501............
1-             I             I
Loss on investments during the year. ..............       $48,980 501.
INVESTMENT       EXPENSES.         I
Investment    expenses   incurred  andl               I
paid during the year...............!..........           42,058 72!.
Investment losses and expenses dur-!
Ing the year .....                             .          .0 1,039 22
Gain   from  investments   during   thel
year ....                  .....                         ..l.l.$208,770 89
MISCELLANEOUS        EXHIBIT.                         Gain in      l Loss
in
Surplus.   I   Surplus.
Dividends declared    to  stockholders!
during the year ...................-..............-..............-    $160,000
00
Net loss from   above.!o .................. I                           $160,000
00
Total gains and losses in surplus dur-1
ing the year .......................!........... 1     $308,735 091   $160,000
00
Surplus Dec. 31, 1911 .................. $2,117,286 39! ............  1.-
Surplus Dec. 31, 1912 .................. 1 2,266,021 481 .
Increase in surplus during the year.. .............. ..............     
148,735 09
Totals ....................!$...                     3 08,735 091  $308,735
09
Per cent or losses incurred to premiums earned, 56.63.
Per cent of underwriting expenses incurred to premiums earned, 40.36.
Per cent of investment expenses incurred to interest and rents earned, 14.06.
Per cent of total losses and expenses incurred and dividends declared to
total
income earned, 94.78.