UNITED AMERICAN FIRE lNS. CO.
UNI)DERWlRITER1S ANI) INVIESTM1,ENT EXHIBIT--ontinued.


237




Adq   underwriting   expenses un-
paid December 31, end of the
year ............................
Underwriting    expenses  incurred
during the year ................
Underwriting losses and expenses
Gaiii from underwriting during
the year .......................
INVESTMENT EXHIBIT.
Interest and Rents.
Interest, dividends and rents re-
ceived during the year ........
Deduct interest, dividends and
rents accrued December 31, end
of the year ....................
Balance.
Add interest, dividends and rents
accrued December 31, end of
the year .......................
Interest and rents earned during
the year ......................
MISCELLANEOUS EXHIBIT.
Dividends declared to stockhold-
ers during the year ..i.........
Loss from other sources.
Commission on loans ..........
Non admitted reinsurance pre-
imium  .........................
Net loss from above ..............
Total gains and losses in surplus
during the year ...............
Surplus Dec. 31, 1911 .............
Surplus Dec. 31, 1912 ............
Increase in surplus during the
year ............................
Totals ......................


3,807 66  ..............
I


:.............. .      .        . 41,865 89
. ... .. ........  .... .. ....  .. .......


..............
62,802 93
$6,073 10


$11,147 20 '......... I


2,084 97 .....       .      ..............
$   I
$9,062   23  ..............  .......... .........


2,482 16 ..............


..........--   ..  . -
..........  .... *-
..............
..............
..........6  ........-
$0608 58
62,707 TO(


Gain in
Surplus.
..............
! $50 00
.... .  ..  ..  ..  ..  .
..............
$17,617 49
..............
..............
..............
$17,617 49


$11,544 39
Loss in
Surplus.
$5,000 (X0
I..............
!I     1_,,
$&,518 37
$5,518 37
..............
..............
12,099 12
$17,617 49


Per cent of losses incurred to premiums earned, 30.3.
Percent of underwriting expenses incurred to premiums earned, 60.6.
Per cent of total losses and expenses incurred and dividends deolared to
total
income earned, 84.9.: