1148        CENTRAL MANUFACTURERS MUT. FIRE INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT-Continued.
INVESTMENT EXHIBIT.                                     i
Interest and Rents.
Interest, dividends and rents received
during the year ....................  $20,817 44                  ........
Deduct interest, dividends and rentsl
accrued Dec. 31, 1911 .:-.............  4,692 541........
Balance .          ...            $16,124 90,1. .       I ..............
Add interest, dividends and rents ac-I          I            I
crued Dec. 31, 1912 .................  5 ,086 86 .............. ..............
Total                         .            .            I $21,211 76
LOSS ON INVESTMENTS.
Loss from change in difference be-1
tween bok and market value dur-I
ing 1912 ........ il                     $18 001 ........................
Loss from  other investments: Pre- I.
mium  on bonds ..................        66. 5   .                .......-
Loss on investments during 1912 .... ........... ..    $683 001 .........
INVESTMENT EXPENSES..
Investment expenses paid during 1912 ..............   2,143 011.
Investment losses and expenses dur-             i
ing 1912 .         .         ... .............                   2,826 01
Gain from investments during 1912 .. .............. I...I...   .  $18,385
75
MISCELLANEOUS EXHIBIT.                          Gain in     Loss in
Surplus.  I Surplus.
Dividends declared to policyholders.
during 1912 .     ..............             .I.........       $66,275 82
Net loss from above ................        ..............I  $66,2,75 82
Total gains and losses in surplus dur-
in g 1912 .............       .... ...            $93,41959     $66,275 82
Surplus Dec. 31, 191 ... $334,720 34..........                     ........
Surpus Aec.31, 912............. ....  361,864 11 ........... ..............
Surplus Dec. 31, 1912.361,864..11.
Increase in surplus during 1912 ...................I              27,143
77
Totals                       . ......                       $93,419 59
Per cent of losses incurred to premiums earned, .517.
Per cent of underwriting expenses incurred to premiums earned, .276.
Per.cent of investment expenses incurred to interest and rents earned, .11.
Per cent of total losses and expenses incurred and dividends declared to
total income earned, .976.