758                 PEOPLES NATIONAL FIRE INS. CO.
IJNDERWRITING AND INVESTMENT EXHIBIT-Continuel.
INVESTEAIi'N'P EXHIIBIT.        Il
Th -~  itercs~t ailid R~ents.               II I1-
Intereslt, dividelnds and rents receivedl(
drli-nog the year ..............  I           1- .............. $.,366 13........
I)educt interest, dividenlls and rentsl      .
.(aerIied Dec'. 31, end of the year...f  26,198 33 ........
Ba.lanlce ...................       $64,167 801.............. I... ........
Add interest, divideends and rents ac-I            I             I
criled Dec. 31, end of the year ...... !  20,823 941 ........           .
Total.                   i                    1 $84,991 74.
I             I             I
iRnoi'iTr ON    INVESTM'3ENTS.    IlI
(Thin fromt sale of ledger assets .....  ..............$8.        .............
Gain froum  ehang-le in difference be-I            I             I
t-vden book and market value dur-1               I             I
ing the year ...................        31,143 661     .      ..  .........
Gain from   other investments:    Un-I             I             I
listed assets .........Il                  250 001 ....         I..............
Profit on investments during the yearl ..............   36,781 71      .
I             I....6,781.
Investment income earned during thel               I             I
year               .I...........                  ............... I1  $121,773
45
LOSS ON INVESTMENTSIS.
I             I             I
Loss from sale of ledger assets.    I       $313 721 ............. I.
Loss from   change in difference be-I              I             I
tween book and market value dur-I                I             I
inl, the year .........I                 7,469 451 ......       -    .  ..
Loss on investments daring the Year. ......             $7,783 171 .
INVESTMENT EXPENSES.            I
Investment expenses paid during thel               I             I
yea r .........                       I.        1      2, 256 511....
I             I     .       I
Investment losses and expenses dur-I               I            I
ing the year .........1 I.                                 .        10, 039
68
(Gain from   investments  daring  thel             I             I
year .........I                                                     1 ..1...11,7
7 7
MISCELLANEOUS EXHIBIT.            I             |  Gain in   I   Loss in
I         l ~~~~Surplus.   Surplus.
Total gains and losses in surplus dIrr-p                         I   S
in- the year*----------------------1-------.---.. . I  $t111,733 771  $115,781
11
Surplus Dec. 31, 1911 ....I             $246,969 451 ............ I
Surplus Dec. 31, 1912 .............1     242,972 111 ............ 1
I  .I                      'l
Iecref-r 1in surplus (luring the year..I . ............. I  3,997 341 .
I             I             I          .
T    o'                                          $1I s ....... I. .... I
$1-15,731 III  $115,731 11
~~ I
Per ce-f of losses incurred to premiums earned. 63.5.
Per ce1'- of underwriting expenses incurred to premiums earned, 48.8.
Per cent of 'ilc-stment expenses incurred to interest and rents earned. 2.6.
Per (-'et of *^-  t losses and expenses incurred and dividends declared to
total
Income earned, 100.3.