450                       HUMBOLDT FIRE INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT-Continued.
*        ~       ~~~I     I             I
LOSS ON INVESTMENTS.              I
Loss from sale of ledger assets ......        $326 16 ......          .
Loss from   change in difference be-
tween book and market value dur-
iug the year..                              3,318 81 ......         ..............
Loss on investments during the yearl .............. l      $3,644 971.
INVESTMENT       EXPENSES.        I                           .
Investmeilt expenses paid during thel
year .......................... 1.-.-.1                    7,712 701 ..
Investment losses and expenses dur-1
ing the year ...............          .                .                11,357
67
Gain  from   investments   during   the
year  ................................   ..............  ......-...-.-.1$62,163
  71-
MISCELLANEOUS EXHIBIT.              I                 ( ain in   I  TJoss
n
I  Surplus.       Surplus.
I)ividends declared   to  stockholders-I              I             I
during the year ....................I............         l         1  $48,000
00
Loss from above              ........                  ..............00
Total gains and losses in surplus dur-I
ing the year ........................--                 $62,163 711    $61,129
53
Surplus Dec. 31, 1911 .................   $ I 27595008..    ..          I..
.........
Surplus Dec. 31, 1912 .........        I    276,984 261 ............. I
-                            I
Increase in surplus during the year.. ..............                    
  1,034 18
Totals ...............            ........          $62,163 71     $62,163
71
IPer cent of losess incurred to premiums earned, 553.
Per cent of underwriting expenses incurred to premiums earned, 467.
Per cent of investment expenses incurred to interest and rents earned. .011.
Per cent of total losses and expenses incurred and dividends declared to
total
income earned 1.09.