556                       IMPERIAL FIRE INS. CO.
UNDERWRITING AND INVESTMENT EXHIBIT-Continued.
*               ~      ~      ~       ~     ~~~~~~~~I  l
INVESTMENT      EXHIBIT.
Interest and Rents.
Interest, dividends and rents received              I             I
during the year .    ...................  $24,929 17j ..... ... I
Deduct interest, dividends and rentsl               I             I
accrued Dec. 31, end of the year....1     4,139 53j..
Balance ..    ..................... 1  $20,159 641 ..... ... I
Add interest, dividends and rents ac-               I             I
crued Dec. 31, end of the year .          4,973 621 .
Total .....................     I                  $25,133 26.
PROFIT    ON INVESTMENTS.                       I
Gain from  sale of ledger assets......I..............I      806 00
Investment income earned during the
year ........                  .   ... . .............  ...........  $25,939
26
LOSS ON INVESTMENTS.
Loss from sale of ledger assets .......      $100 001 .
Loss from   change in difference be-1               I             1
tween book and market value dur- 1                              I
ing the year .......................1     1,587 50! . ..............
Loss on investments during the yearl .       ..          $1, 87 50
Ig            I             I
INVESTMENT      EXPENSES.         I            I             I
Investment expenses paid during thel
I ..............      65948
Investment losses and expenses dur-1                              l
ing the year           ...                 ........ ....               2,346
98
Gain   from  investments during    thel
year.*---------  ------ - --- ------ 1 --      _  1- - -  -      l  $23,592
28
MISCELLANEOUS EXHIBIT.             I             I  (Iain in    - Toss in
I  Surplus.   I  Surplus.
Dividends declared    to  stockholders
during the year                                                 I - - - *1
..............-..............  $13,800 00
Gain from    other sources:   Su                    I
paid in.               ..............                  $10,000 001.
Net loss from above .................. . .............                 $3,800
00
Total gains and losses in surplus dur-                         --
ing the year                     . --- -.................-.... - $23,592
281  $28,985 04
Surplus Dec. 31 1911.$88,317                         ........... . .
Surplus Dec. 31, 1912 ..................   82,924 25 ............. .....
Decrease in surplus during the year ............. . I     5,392 761.
Totals .       .       .$............................... 128,985 041  $28,985
04
..                          ~      ~~I        __    _    _    _   _
Per cent of losses incurred to premiums earned, 63.4.
Per cent of underwriting expenses incurred to premiums earned, 50.6.
Per cent of investment expenses incurred to interest and rents earned, 2.6.
Per cent of total losses and expenses incurred and dividends declared to
total
income earned, 106.3.