FIREMAN'.S FUND INS. CO.


443


UNDERWRITINGv AND INVESTMENT EXHIBIT-Continued.




INVESTMENT EXHIBIT
Interest and Rents.
Interest, dividends and rents received
during the year ...................
Deduct interest, dividends and rents
accrued December 31, end of the
year ................................
Balance ...........
Add interest, dividends and rents ac-
crued December 31, end of the year
Total ..........................
PROFIT ON INVESTMENTS.
Gain from sale of ledger assets ......
Gain from other investments ........
Profit on investments during the year
Investment income earned during the
year ................................
LOSS ON INVESTMENTS.
Loss from sale of ledger assets ......
Loss from change in difference be-
tween book and market value dur-
ing the year .......................
Loss on investments during the year
INVESTMENT EXPENSES.
Investment expenses paid during the
year ...............................
Investment losses and expenses dur-


$349,191 52
I    85,112 64
$204,078 88
84,904 99
$27,715 00
250 00
.............


..............I............. ,
$348983 871 .............


............  .
...... ...- 1
27, 9W 00


.........   ........ .X
. . . . . . . . . . . . .
* ..*........... *
| $376, 948 87


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


$11,663 10


39,755 19          ..I
I 2
.............. ...$51,418 291...............


17,415 10




ing the year ........................... .. .......         ..........  
68,833 3D
Gain   from   investments   during   the                              l
year ...................... ..............            ..............   $308,115
48.
MISCELLANEOUS EXHIBIT.             I                 Gain in        Loss
in
Dividends   declared   to  stockholders I1                Surplus       
Surplus.
during the year ................... .............. .       .    ..     $240,000
00
Increase in special reserves .......... ...............                 
  15,000 00
Net locs frqum above ................         .                         
$255,000 00
Total gains and losses in surplus dur-1                |
ing the year         ...........          1     .       $778,270 051   $255,000
00
Surplus Dec. 31, 1911 ..........         $2,581,400 52 ..............
Surplus Dec. 31, 1912 ......      ....    3,104,730 57 ..............
Increase In surplus during the year............. .I                     
 523,270 05
Totals .......................................       $778,270 05| $778,270.
05.


Per cent of losses incurred to premiums earned 53.49.
Per cent of underwriting expenses incurred to premiums earned 37.86.
Per cent of investment expenses incurred to interest and rents earned .0499.
Per cent of total losses and expenses incurred and dividends declared to
total income earned 91.91.