FRANKLIN FIRE INS. CO.


455


UNDE'R WVITING      .N AN   INVESTMENTI EXHIBIT-Continued.
Underwriting expenses incurred dur-1                 I
ing the year.                         ..............   582,782 681.
Underwriting losses and expenses       ...           I   .    .       1,
449,6Z9 W
I             I              I
Loss from   underwriting during thel                 I             l
year ... ..... ...                                                   $156,820
91
INVESTMENT EXHIBIT.              |             |
Interest and Rents.                                       l
Interest, dividends and rents received1
during the year ..........   ..........  $121,567 33 .............. ..............
Deduct interest, dividends and rents
accrued Dec. 31, end of the year.....     30,033 00 .............................
Balance .............  ........... $91,033 00...       .    .....  ..............
Add interest, dividends and rents ac-
crued Dec. 31, end of the year .....      36,157 901..............I..............
Interest and rents earned during the|                I             l
year ..                                ,.             $127,190 901.
PROFIT ON INVESTMENTS.             I             I
Gain from   sale of ledger assets...... ..............     1,152 281.
I  .         ~          ~~~~~~~ I
Investment income earned durIng the                                I
year  .........--.--.---....................  ..............  ..........
.  $128,343   18
LOSS ON INVESTMENTS.             |
Loss from   sale of ledger assets           $2,479 671.............. ..............
Loss from   change in difference be-                 l             l
tuveen book and market value dur-
ing the year .......................      24,265 74 ........
Loss on investmuents during the yearl.       ........    $26,745 411.
-' I            II
INVESTMENT EXPENSES               I             l
Investment expenses paid during the1
year .9.............. ..........                        9,872 091.
Investment losses and expenses dur-                                -
ing the year ...............          .             ...                36,617
50
Gain   from  investments   during thel
year ................................ -..                         l   $91,725
68
MISCELLANEOUS        EXHIBIT.                    I   Gain in   ]   Loss-in
I Surplus.       Surplus.
Dividends   declared  to  stockholders               l
during the year .        ............ .             .                 $60,
o WO
Net loss from  above       .      ..... .............. ..............   $60,000
00
Total gains   and   losses in  surplus'
during the year ........        ..... ..............   $91,7259 681  $216,820
91
Surplus Dec. 31, 1911 .................   $766,947 97 ...........   .
Surplus Dec. 31, 1912 ................     641,852 74 ...........   .
Decrease in surplus during the year.. ..............     125,095 231.
I                            I
Totals         .         ......                    $216,820 911  $216,820
91
Per cent of losses incurred to premiums earned 67.07.
Per cent of underwriting expense sincurred to premiums earned 45.3.
Per cent of investment expenses incurred to interest and rents earned .007.
Per cent of total losses and expenses incurred and dividends declared to
total income earned .109.