752


PENNSYLVANIA FIRE INS. CO.
U3NDElRWRIZ.TING ANI) INVIE]STMINEN;T ElXII11Tl'-Continued.


INVESTMENT EXHIBIr.T
Interest and R1tents.        I
Interest, dividlends anid rents receivedi
,during the year .....................
Deduct interest, dividell(ls an(d rents
accrued Dec. 31, 1911 ...............
Balance .    ......  ............
Ad(:1d  interest, dividell ds  anlld  reiits  .1c-I
crued  Dee.  31, 191'       . .................
Total ...I..
PROFIT ON INVESTMENTS.             I
I'
Gniai from  sale of ledger assets .......
Gain from   other investments:    Col-I
laterals .......          .
Profit on investments during '1912 ... I
Investment income earned during 19121.


0 .)} ,o li8 54,6 . . . . ......  .. . . .. . .
88,024 641 .............. .-
$2201, 830  011 ........I.......
I                I
87",560     33 1l ......... . . I. . . . . . .
87,56         0 334.1 .........1
120         $ 0939.............. 3 ..............
!                I
120 131 ..1
I                I
..............         10,657 511
-


C.0nl11 I I Or


LOSS ON INVESTMENTS.
Loss from sale of ledger assets .......   $1,080 00
Loss from   change in difference be-
tween book and market value .......     83,444 51
Loss on investments during 1912 .
IN-VESTMENT EXPENSES.           !
Investm'lent expenses paid during 19121.............
Investment losses and expenses dur-j
lug 1912 ........................... .
Gain fromt imnvestiment's dmurimmg 1912 ... ..............
MISCELLANEOIJS EXHIBI'T'.                       I


............         .I, -t
. . . . . . . . . . . . . . ...
$84,524 511..............
20,557 131..............


105,081 f)I
$214.966 21
Loss in
Surpluts.


Ga1nl il
Surplus-.


1)ivildeds  (leclare(l to  stockloldersl               I             I
during 1912 .       ...............   .              ............I     $225,000
00
I              I              I
Net loss from   above ................. .............. ............. .  
$225,000 00
Totail gains and losses in surplus dulr-1              I
lag 1912 ................1. .........                 1  $317,219 061  $225,000
00
Surplus Dee. 31, 1911 ................... $2,240,478 241 ........
Surplus Dec. 31, 1912 ..................  2,332,697 301 ............ 1
Increase in surplus during 1912       .      ........... .              
  92,219 06
I              I              I   .      _
Totals ....                                      1 $317,219 06T $317,219
06
Per cent of losses incurred to premiums earnted, 57.78.
Per cent of underwriting expenses incurred to premiums earned. 39.20.
Per cent of investment expenses incurred to interest and renits (earned.
6.442.
Per cent of total losses and expenses incurred and dividends declared to
total
Income earned, 97.54.