784


QUEE.N INS. COMPANY OF AMERICA.


UNDERWRITING       AND INVESTMENT EXHIBIT-Continued.
INVESTMENT EXHIBIT.
Interest and Rents.          1
Initerest, dividends and rents-receivedl
during the year .$3............1       $350,102 00. ..............I............
Deduct interest, dividends and rentsl               I
accrued December 31, end of the1
year .................................   75,036 961 .........     I
Balance          .           .     $275, 065 04 ........
Add interest, dividends and rents ac-I
clued December 31, end of the year!      85,304 171 .
Total .          ......................           $360,369 211
PROFIT ON INVESTMENT.
Gain from sale of ledger assets ...... . .............   29,609 891.
Investment income earned during the!                I             I
year .............. 1 $389,979 10
LOSS   ON   INVESTMENTS.          I
Loss from  decrease in book value of!               I
ledger assets .-............... 1       $29,534 641 ........      .
Loss from   change in difference he-I
tween book and market value dur- 1                              I
ing the year .........              1   126,702 891 ........     I
Loss on investments during the yearl ............................
INVESTMENT      EXPENSES.
Investmeint expenses paid during thel
year ................I...........                      15,440 97      .
Investmient lo-sses and expenses dur-!
ing   the   year                      .......... ............ I..............
 .......... 1  171,678   50
1                           1
Gain from investments during the!
year             ..I........... ......                              $218,300
60
MISCELLANEOUS EXHIBIT.            I                 Gain in       Loss in
1  Surplus.      Surplus.
Dividends   declared  to  stockholders!             I             I
during the year        1            1 .1...    ...                 $300,000
00
Loss from  above .                     .............. ............   $300.000
°
I             I____         I    3000
Total gains and    losses In  surplusl              -             I
during the year ......   . 1.                        $522,347 091  $300,000
00
Surplus Dee. 31, 1911 .....$78                   89........   !. I..........
SSurplus Dec. 31, 1912 .                3,961,145 98! ............ 1
Increase in surplus during the year              .     .    .    I    222,347
09
Totals        .          .                    1 $522,347 091 $522,347 09
__   . _ _  __    _                        _
Per cent of losses incurred to premiums earned 53.29.
Per cent of underwriting expenses incurred to premiums earned 40.35.
Per cent of investment expenses incurred to interest and rents earned 4.2,R.
Per Cent of total loqses aInd expenses incurred and dividends deo'lared to
total income earned 92.43,