FIREMEN'S INS. CO.


449


UNDERWRtITIN(G AND INVESTMENT EXHIBIT-Continued.


LOSS ON INVESTMENTS.                 I            I
Loss from decrease in book value oft
ledger assets ......        ..... .1..            $56,764 43
INVESTMENT EXPENSES.                        I
Investment expenses paid durirg thel
year ....                 .                        67,618 20
Investment losses and expenses duringl
the year .                        .            ..............
Gain from   investments during  thel
year .--....                                       ......
MISCELLANEOUS EXHIBIT.                       I  (ain in


I
?I
I 2,396
$0,2i 6
I... ... ... . I


i   LJoss in
I   RirnIui.


I)ividends  declared   Lo  stockholders!               .              I
during the year .................                      ...........     $200,000
00
*   I              I             ~ ~~I         -
Net loss from above ..                   .                              
$200,000 00
Total gains and losses in surplus dur-
ing the year ..                       I.     .    ... 1  $303,326 651  $388,766
86
surplus Dec. 31, 1911 ........  ........ | $2,808,679 701.            I 
   ..........
Surplus Dec. 31, 1912 ................. -   2,723,239 491 *.            
      ......
Decrease in surplus during the year ..............I         85,440 211.
Totals ...                         .       .         $388,766 861 $388,766
86
I              I              I


Per cent of losses incurred to premiums earned, 58.6.
Per cent of underwriting expenses incurred to premiums earned, 48.6.
Per cent of investment expenses incurred to interest and rents earned, 20.4.
Per cent of total losses and expenses incurred and dividends declared to
total
income earned, 102.8.