GE, RMAN F IRE INS. Co.                        485
UNDERWRITING      AND INVESTMENT EXHIBIT--Continued.
INVESTMENT E XHIBIT                                       l
Interest and Rents.
Interest, dividends and rents received1
during the year .   ...................  $55,464 99 .... ... ..............
Deduct interest, dividends and rents          I  l
accrued December 31, end of thel                I
year .                          '        I,048 30!.............. ............
Balance .........................  $44,416 691..............I..............
Add interest, dividends and rents ac-                          I
crued December 31, end of the year      9,738 13 ............ 1
Total ................         ..........       $54,154 821 .
PROFIT ON INVESTMENTS.
Gain from sale of ledger assets .11,462 001............
Investment income earned during the
year                         .   ..j     ..                  .   $65,616
82
LOSS ON INVESTMENTS.           I
Loss from change in difference be-l
tween book and market value dur-I
ing the year .....................................  $12,149 00!.
INVESTMENT EXPENSES.           1
Investment expenses paid during the!_
year .....................                            9,197 25!.
Investment losses and expenses dur-
ing  the  year                    . ..............    ........ 1  21,346
 25
Gnin from   investments during   the
year               .....                      ..............     $44,270
L7
MISCELLANEOUS EXHIBIT.           I            I   Gain in   I  Loss In
1             I Surplus.     Surplus.
Dividends declared   to  stockholders 1!
during the year                       ..$ 1 36,000 00
*    ~          ~      ~     ~      ~      ~     ~ I  IIt
Net loss from above ............................... ......         $36.000
00
Total -qins and losses in surplus dur-l
lie the year       .         ........ 1.  .         $46,280 761  $36,000
00
Surplus Dec. 31, 1911 ...      ......   I         .
Surplus Dec. 31, 1912 .......           146,675 071 .........   1
Increase in surplus during the year! ...............I..............1  10.280
76
Totals                  .      .       .    1 $46,280 76! $46,280 76
1.           I             I


Per cent of losses incurred to premiums earned 52.976.
.Per cent of underwriting exnenses incurred to Premiums earned 46.182.
Per cent of totnl losees and expenses incurred and dividends declared to
total income earned 98.43.