TEUTONIA FIRE INS. CO.


837


UNDE11WICITING AND INVESTMENT EXHIBIT-Continued.
INVESTMENT EXPENSES.
Investment expenses paid during the                  ¶
year ...................                  $1,113 64..
Less one-eighth of one per cent ... ... .    1,111 70!.............. ..............
Balance ........................I .             ..............      2,2925
34
Gain from investments during the year.                     ....         $51,
703 84
MISCELLANEOUS EXHIBIT.             I                 Gain in    |  Loss in
Surplus.   !  Surplus.
Dividends declared to stockholders
during tne year                                 ...............  I |9 (adz
revA






Net loss from   above ..    .   .       .......................         
$32,000 00
Total gains and losses in surplus dur-1               l                 
        -
ing the year      .       .       ........  l            $51,703 84    $52,620
97
Surplus Dec. 31, 1911 ...............      $221,339 i 1!.......... I..............
Surplus Dec. 31, 1912 .........  ....... 1  220,422 38!      ........ I..............
Decrease in surplus during the year ...................       917 131 .
Totals ...............!...                           $52,620 971   $52,620
97
Per cent of losses incurred to premiums earned, 60.71.
Per cent of underwriting expenses incurred to premiums earned, 42.52.
Per cent of investment expenses incurred to interest and rents earned, 4.33.
Per cent of total losses and expenses incurred and dividends declared to
total
income earned, 99.8.