;            'FRANKONA REINSURANCE CO.                        921
UNDERWRITING AND INVESTMENT EXHIBIT-Continued.
*                         ~      ~     ~      ~     ~~~~~~~~~~I l.  I
MISCELLANEOUS EXHIBIT.           |               Gain in   }  Loss in
Surplus.     Surplus.
Receipts from home office                           Surplus....1--------------1
 $20,643 27 1
Remittance to home office                             $20.......6..............
.........3....  $45,185 20
Loss from above .....................*.............................  $24,542
43
Total gains and losses in surplus dur-1           I
ing 1912 *-..-..-......-.--.1..  .. -----        1  $45,976 521  $24,542
43
Surplus Dec. 31, 1911       . ...............1  $351,252 751 ...........................
Surplus Dec. 31, 1912 .................1  372,686 841..............I..............
Increase in surplus during 1912 .     ..                   . I  -   21,434
09
Totals      * -     --          ............... .   $66,619 791  $66,619
79
_ _ _      _I                                         I
Per cent of losses incurred to premiums earned, 46.3.
Per cent of underwriting expenses incurred to premiums earned, 37.8.
Per cent of investment expenses incurred to interest and rents earned, 27.6.
Per cent of total losses and expenses incurred and dividends declared to
total income earned, 78.5.