1012                    PRUSSIAN     NATIONAL      INS. CO.
UNDEJRIWIrCITING AND INVESTMENT EXHIBIT-Continued.
_- _
LOSS ON     INVESTMENTS. ,
Loss from   sale of ledger assets ......         $28 °°.......................
Loss from decrease in book value ofj
ledger assets ......................                  ..............
Loss from    change in difference be-I
tween book and market value dur--
ing the year      .        .............   20,387 00 ..............
Loss on investments during the yearj.............. ..............       
  21,390 00
AGain  from   investments   during   the1                             I
-year. 4.............................. .    .   .. -.                I- 
$42.664 25
MISCELLANEOUS EXHIBIT.                             I  Gain in    I   Loss
in
I              l  Surplus.       Surplus.
Remittances to home office I......................... ............      
 $50,000 00
*Net loss from  above ........................... |       ............ $I0,000
°°
Total gains and losses in surplus dur-                 I
ing the year ..............                         $56,277   611       $50,000
00
Surplus Dec. 31, 1911 .        .       ...  $414,763    .   .61... ... $50,000
Surplus Dec. 31, 1912 ........               421,041 22 .............. ..............
Increase in surplus during the year.. .............. ............       
   6.277 61
I              I .......................... ....... . .  _
Totals ..I $56, 277 61I ...... $56, 277 61
I   I~~~~~~~~~~~~~~~~~~~~~~


Per cent of losses incurred to premiums earned, 52.2.
Per cent of underwriting expenses incurred to premiums earned, 46.6.
Per cent of investment expenses incurred to interest and rents earned, 34.7.
Per cent of total losses and expenses incurred and dividends declared to
total income earned, 94.7.