| Previous | A.M. Best Insurance Reports, Fire and Marine (1919) | Next |
BEST'S INST.-RXN('E REPORTS FIRE AND - MARINE. 9
ALLIANCE ASSURANCE COMPANY. LTD.—Continued.
|
In January. 1907, it ceased writing fire business in the |
Interest, etc |
65,741 |
22 |
|
United States, but in 1910 re-entered to write marine and |
Received from Home Office |
71.288 |
85 |
|
inland business only. It is one of the leading companies in England and one |
Other income |
4,369 |
69 |
|
of the strongest insurance companies in the world. |
T(.TAI. INCOME |
$1,117.110 |
18 |
|
It maintains a branch in Canada, where it writes only |
DISBURSEMENTS, L. S. BRANCH, |
1919. |
|
|
fire insurance. |
Net losses paid |
$552, 462 |
45 |
|
Home Office Resources.— All assets of the company |
Underwriting expenses |
324,544 |
52 |
|
(other than life insurance funds) are liable for the pay- |
Remitted to Home Office |
127,275 |
40 |
|
ment of losses incurred here. On December 31, 1918, the total assets amounted to $134,381,915; capital paid in. |
Other disbursements |
4.467 |
19 |
|
| |||
|
$5,000,000; surplus funds, $16,823,305. |
TOTAL DSBURSEMENTS |
$1,008.749 |
56 |
Management and Reputation.—The company has exceptionally strong backing. It is in excellent repute at its home and in this country Its loss paying reputation is excellent.
Chubb & Son, its United States managers, also represent. as United States m nagere. the Marine Insurance Conn-any, Limited, of London. the Sea Insurance Company, Limited, of Liverpool, and the United States _Marine Branch of the London Assurance Corporation; they also manage the Federal Insurance Company of Jersey City, New Jersey. In April, 1917. they became the managers of the AI-trine and Inland Department of the Hartford Fire Insurance Company, of Hartford, Conn.
The expense ratio of the United States Branch has been low, and the loss ratio, except in 1918, in recent years has also been low.
The investments are of excellent character.
United States Trustees. Bankers Trust Co., A. Y.
Classes of Business Britten.—In the United States it writes marine, inland, registered mail, tourists' baggage. war risk and automobile insurance. The Home Office writes life, fire, marine, personal accident, liability and burglary insurance.
Territory.—The company operates in Australia, Canada, Denmark, England, France, Holland, South Africa and in the United States. In the United States, at last advices, it was licensed in Cal.. Ia., Ill , La., Md., Mass., _Minn., Neb., N. J., N. I„ N. D., Pa. and S. D.
INComE, U. S. BRANCH, 1919.
|
Gross |
Premiums Written |
$2.257.602 12 |
|
Less |
reinsurance |
1,040,284 13 |
|
Less |
return premiums |
241.607 57 |
|
Total net premiums |
$975.710 42 | |
Ratios to Premiums Written,.—Losses paid, 56.6%; no Burr: d. 60.0%; underwriting expenses, 33.2%; underwriting profit, 2 7%.
Ratios to Premiums Earned.—Losses incurred. 63.8%; expenses incurred. 31.9%; underwriting profit, 2.2%
Miscellaneous, 1919.—Net losses incurred, $585,999.33; net risks in force December 31, 1919. $44,747,971; net premiun;s in ieree. $492,152.94.
Undcrrrit:na Exhibit, 1919.—Premiums earned during 1919, $918.258.35; loss from underwriting profit and loss items, $1S.I83.S5; total, $900,074.50.
Losses incurred during 1919, $585,999.33; underwriting expenses incurred during 1919, $293,327.12; total, $879,-326.45.
Gain from underwriting during 1919, $20,748.03,
Investment Exhibit, 1919.—Interest, etc., earned during 1919, $65,955.56; profit on investments during 1919, $4,-343.75: total. $70.299.31.
Loss on investments during 1919. $15,631.25; investment expenses incurred during 1919, $3,261.50; total, $18,892.75. Gain from investments during 1919, $51,406.56.
Gain- and Loss Exhibit, 1919.—Gains: Underwriting, $20,748.05: investments, $51,406 56; remitted from Home Office. $71,288.85; total, $143,-143.46.
Remittance to Home Office, $127,275.40.
Surplus. including deposit capital. U. S. Branch, December 31. 1918. $700,353.80: increase, $16.168.06: surplus, including deposit capital, U. S. Branch, December 31, 1919, $716.521.86.
Net Premiums Net Losses
MISCELLANEOUS CLASSES: Written. Incurred.
Motor vehicles $98, 724 72 $61.415 39
Tourists' baggage 6 507 07 6,085 68
Registered mail 15.800 45 386 53
War risk (other than marine) 552 81 32 54
ALLIANCE INSURANCE COMPANY, Third and Walnut Streets, Philadelphia, Pa.
ADalITTED ASSETS, DECEMBER 31, 1919.
|
Bonds and stocks owned (market value) |
$3.656.262 04 |
|
Interest due and accrued thereon |
49.353 39 |
|
Cash in banks and office |
381.063 66 |
|
Agents' balances not over three months due. |
407, 697 11 |
|
Bills receivable taken for marine and inland risks |
800 00 |
|
Reinsurance due on losses paid |
2.519 66 |
LLABILITIES, DECEMBER 31, 1919.
Unpaid losses $536,113 Q0 Unearned premiums: Fire and miscellane-
ous. $1,463.028.70: inland navigation,
$31,251.87 ; marine. $59.360 44: total.... 1,553.641 10
Amount reclaimable on perpetual deposits. 20, 568 33
Salaries, rents, etc 3,263 46
Estimated taxes hereafter payable 110.000 00
Contingent commissions. etc 12, 000 00
Contingent reserve fund 762,109 93
TOTAL LIABILITIES, except capital $2,997,695 S2
CAPITAL PAID UP 750.000 00
NET SURPLUS 750,000 00
TOTAL ADMITTED ASSETS $4, 497. 695 82 TOTAL $4, 497, 695 82
| Previous | A.M. Best Insurance Reports, Fire and Marine (1919) | Next |