592                         LUMBERMENS INS. CO.
UNDERWI2ITING AND INVESTMENT EXHIBIT-Continued.
INVESTMENT EXHIBIT.
Interest and Rents.
Initerest, dividends and rents received
during the year ....................      $84,07,6 ()5. .......
Deduct Interest. dividends and rents!                 i
accrued Dec. 31, end of the year ....      22,664 211.............................
*               I~~~_________… I
Balance .I......................1     $61,411 84! .........
Add Interest, dividends and rents ac-I                I
crued Dec. 31, end of the year ......      22,991 281 ............  1.  
    .
- I       I              I
Total......................                         $ 84, 403 12!. .......
PROFIT    ON INVESTMENTS.           I
Gain from sale of ledger assets ....... ..............        166 50...
Investment income earned during the-
year ......*......1-                          ..- ..-.. I $84,569 62
LOSS ON INVESTMENTS.                            I
Loss from   sale of ledger assets ...... 1     $750 001 .          I...............
Loss from    change in difference be-1
tween book and market value dur-1                   I
ing the year .........               1      5.757 461 ......         1  
.
Loss on investments during the year.! ..............I      $6,507 461.
INVESTMENT EXPENSES.
Investment expenses paid during thel
year ..I.........................                   1     8,135 361.
Investment expenses incurred during!
the year ...............................                  1         11  14,428
82
Gain   from  investments, during    the!              I             I
year              ..................I..........                        $69.926
50
AMISCELLANEOUS EXHIBIT.             I                 (Thin ir inl  I  Tns5
ill
I                 Surplus.   I  Surplus.
Dividends   declare(d to  stockholdersl
during the year ............I                                          $45,000
00
Net loss from  above ..................              1 1.               
$45,000 00
I      ~   I    -   '-
Total gains and losses in surplus dur-1                             I
Ing the year .......................     .......   . I  $80,088 931    $45.000
00
Surplus Dec. 31, 1911 ...............  I -. $1,080 65i 01n0  ...........!
 I
Surplus Dec. 31, 1912 ................. 1 1,115,738 961 ............!.
:'1       --                  I
Increase In surplus during the year ................ I.............. 1  
 35,088 93
Totals          .           .. .                1    $80,088 931 $80,088
93
Per cent of losses incurred to premiums esrned, 50.77.
Per cent of underwritihg expenses inecurred to promiumps oarned, 45.88.
Per cent of investment expenses incurred to Interest and rents earned. 9.63.
Per cent of total losses and expenses incurred and dividends deelared to
total
Income earnedl 89.19;