1036


STATE ASSURANCE COMPANY.


UNDERWRITING AND INVESTMENT EXHIBIT-Continued.
INVESTMENT EXHIBIT.
Interest and Rents.
Interest, dividends and rents received|                            i
during the year ..............           $15,775 461 .............................
Deduct interest, dividends and rents
accrued Dec. 31, end of the year ....      3,921 66 .............................
Balance ....           | $11,        8     5     3     .80       ..............
Add interest, dividends and rents ac-      $
crued Dec. 31, end of the year .......     4,204 16 .............. . .............
Total .. |           ...................IIIIII  ..                   ........
.$16,057 96
LOSS ON INVESTMENTS.
Loss from   change in   difference be-
tween book and market value during!
the    year  ....-...................- l  ............-.-.  $10,520  00.
INVESTMENT       EXPENSES.        I
Investment expenses paid during the|
year .          ..............                             567 131.
Investment losses and expenses dur-f
ing the year ............      .         .............. .............. 11,087
18.
Gain from investments during the yearl.............. ...........        
$4,970 83
MISCELLANEOUS EXHIBIT.             }              I  Gain in    |  Loss in
Surplus.       Surplus.
Receipts from home office ............. .............j    $31,255 00 .
Remittances    to   home   office ............ ...........  ........93
Net gain from above .       . ...............    |       $15,560 07 .
Total gains and losses in surplus dur-I
ing the year .                                         $28,261 41|.
Surplus Dec. 31, 19 .$109,9990 11 .............
Surplus Dec. 31, 1912 .................   138,251 521 ..............
Increase in surplus during the year        .        .. ..............  $28,261
41
Increase In surplus during the year .. ...      .....    $28,261 41    $28,261
4Iz
Per cent of losses incurred to premiums earned, 53.18.
Per cent of underwriting expenses incurred to premiums earned, 39.43.
Per cent of investment expenses incurred to interest and rnts earned, 3.53.
Per cent of total losses and expenses incurred to total income earned, 89.84.