1098                    STANDARD     MARINE     INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT-Continued.
PROFIT    ON INVESTMENT.                                       I
Gain from   change in difference be-f
tween book and market value dur-'                                I
ing the year ........... .5I...........                    i5 001.
In1vestment income earned during thef                              I
year ..............-.-.-.-.-.-.-.- ..*.-.-.-...- ...   ...........    $34,462
38
LOSS ON INVESTMENTS.
Loss from decrease in book value ofl
ledger a-ssets .......................                                 17
..............  , 17,258 00
Gain  from   investments   during  thel
yea r.                                .I .                            $17,204
38
MISCELLANEOIJS EXHIBIT.                             Gain in       Loss in
Surplus.   I Surplus.
Re    ceipts from home office   .     . .               $90,270 821.
Remittances to home office   .. .............                        $1,140,250
88
Net loss fromt above .            .             .                $234,980
06
Total gains and losses in surplus dur-f
ing the year .................        ..............  $356,903 031   $234,980
06
Surplus Dec. 31, 1911 ................. l  $401,238 091 ..............
Surplus Dec. 31, 1912         . ..f............  523,161 06f .............
I..
Increase in surplus during the year..............           ........    121,922
97
Totals ...f....-.---              ............    - 1  $356,903 031  $356,903
03
__ _ _ _ _ _ _ __ _ _ _ _ _ _         I__
P'er cent of losses incurred to premiums earned, 53.8.
Per cent of underwriting expenses incurred to premiums earned, 18.2.
Per cent of total losses and expenses incurred and dividends declared to
total illnolne earned, 7.1.9.