1082               INDEMNITY      MUTUAL ASSUMANCE1          C.
UNDERWRITING AND INVESTMENT EXHIBIT-Continued.
MISCELLANEOUS        EXHIBIT.      I             I   Gain ill      Loss in
I             If  Surplus.      Surplus.
Rtemiittances to home office .             |                  ... .   $113,821
44
Net loss froin above  o.       ............... .      .       .   .    $113,821
44
Total gains and losses in surplus dur-l
lug  the  year  ........................I..........    $71,652  021  $113,821
 44
Surplus Dec. 31, 1911..................   $128,273 381...  ..'I..I....l..............
Surplus Dec. 31, 1912..................     86,103 961..............I..............
I       .     I
Decrease in surplus during the year ...I.............. I  42,169 421 .
Totals ...$ I .                                    113,821 441 $113,821 44
_ _ _ _ _ _              _I                              I
Per cent of losses incurred to premiums earned, 56.45.
Per cent of underwriting expenses incurred to premiums earned, 20.52.
Per cent of investment expenses incurred to interest and rents earned, 2.94.
Per cent of total losses and expenses incurred and dividends declared to
total
income earned, 77.94.