994


PALATINE INS. CO.
UNDER.W1RITING AND INVESTMENT EXHIBIT-Continued.


INVESTMENT EXHIBIT.
Interest and Rents.
Interest, dividends and rents receivedi
duringr the year ....... ...      . I
Deduct interest, dividends and rentsj
accrued Dec. 31, end of the year.....
Balance ............
Add interest, dividends and rents ac-I
crued Dec. 31, end of the year .......I


$119,794 42
32,301 00
$87,493 42
31,634 00


Total . . I.


I I I I I I I I I I I I I I IX   I I I*   -I
$119,127 42i..............
I.
2,493 01.l ..............


PROFIT ON INVESTMENTS.
Gain from sale of ledger assets........
Investment income earned during the
year ................................
LOSS ON INVESTMENTS.
Loss from decrease in book value of
ledger assets ......................
Loss from   change in difference  be-
tween book and market value during
the year ............................
Loss on investments during the year..
INVESTMENT      EXPENSES.


$121,620 43


$12,868 35 ..............
37,181 Ill..............
...........    .       . $50,049 46


Investment expenses paid during the
year ..I.


4,937 541.
I


Investment losses and expenses duringi
the year ............................  .........                        
  4,987 00
Gain   from   investments   during   the_
year ................. ....                              .              
 $66,633 43
MISCELLANEOUS         EXHIBIT.                          Gain in        Loss
in
Receipt fro  homeoffSurplus.  |   Surplus.
Receipts from home office ............. .................         ..... $2,628
21  ....
Remittances to home office            ..$410...... .......            $ 
      ,205 24
Gain from   other sources      .       .................I      2,532 63 .
Loss from   above .       .       ................... .............     
 $405,044 40
Total gains and losses in surplus dur- |
ing the year .....i....         .............. .    ... ... $132,853 63 
$405,044 40
Surplus Dec. 31, 1911 .................. $1,511,776 121 ..........      
 ..............
Surplus Dec. 31, 1912 .......   ...........  1,239,585 351 ..........   
 ..............
Decrease in surplus during the year .. ..............       272,190 77 .
Totals ........................................      $405,044 40    $405,044
40
Per cent. of losses incurred to premiums earned, 55.54.
Per cent of underwriting expenses incurred to premiums earned, 40.75.
Per cent of investment expenses incurred to interest and rents earned, 4.14.
Per cent of total losses and expenses incurred and dividends declared to
total
Income earned, 92.88.