COUNTY FIRE INS. CO. OF PHILADELPHIA.


391


UNDERWRlIl TING AND INVEXSTME11'NT EXHIBIT-Continued.
Add   underwriting    expenses   unpaidj                              I
Dec. 31, end of the year .............     15,430 451 .I
Underwriting expenses incurred dur- l                                 I
ing the year........................1..............       7 1-6,649 161.
Underwriting losses and expenses ....                  .............. 1 
 374,077 62
Gain from    underwriting during     thel
year .............................................. .......         I   $10,412
16
INVESTMENT EXHIBIT.               l              l
Interest and Rents.           l
Interest, dividends and rents received                                l
during the year .....................     $18,791 961..............I..............
Deduct interest, dividends and rentsl                  I             I
accrued Dec. 31, end of the year.1          8,878 201..............I..............
I            -I               I
Balance ..            ......           $39,913 76..
Add interest, dividends and rents ac-                                 I
crued Dec. 31, end of the year ......        8,967 311............................
Add interest and rents paid in ad-                     I             I
vance Dec. 31 of previous year .48,881 071..............I..............
Interest and rents earned during thel                                I
year ......                          .               .$48,8SS1 07
LOSS ON     INVESTMENTS.           I             i
Loss from sale of ledger assets ........       $395 46        .        .............
Loss from    change in difference be-                                I
tween book and market value dur-                                   I
ing the year ............. 1                10,141 941.......................
Loss on investments during the year.. I .............. l   $10,537 401.
*               I             ~       ~      ~~~~~~~~~~~~~~~~~~~~~~~~~~~I
 I
INVESTMENT EXPENSES.               I              I
Investment    expenses   incurred   andl               l
paid during the year ...........                          $3,894 751.
Investment losses and expenses dur-I l                               1
ing the year                         .....                         1 14,432
15
Gain from investments during the yearj .......................... . .  l
 $34448 92
MISCELLANEOUS EXHIBIT.              l                  Gain in       Loss
In
Surplus.           Surplus.
Dividends declared     to  stockholders                   S
during the year ................I ............$32,000 00
Gains from other sources:    Discounts,                l              l
perpetual premiums ............... ..............           $510 871.
Net loss from  above ................    .............. ...........    I
 $31,489 13
I_             I_-        _
Total gains and losses in surplus dur-
ing the year      .......................   ........     $44,861 281    $31,489
13
Surplus Dec. 31, 1911 .............1....   $233,297 601........... I'l.............
Surplus Dec. 31, 1912..................I    246,669 75..          ..
Increase in surplus during the year            .      .      .......... .....
13,372 15
Totals  I........................... ..............  $44,861 281    $44,861
28
Per cent of losses incurred to premiums earned, 51.57.
Per cent of underwriting expenses incurred to premiums earned, 46.
Per cent of investment expenses incurred to interest and rents earned, 8.
Per cent of total losses and expenses incurred and dividends declared to
total
income earned, 89.3.