BEST'S INSURANCE REPORTS—FIRE AND 'MARINE.   11

ALLIANCE INSURANCE Loss on investments during 1919, $98,304.89: investment

expenses incurred during 1919, $4,633.03; total, $102,937.92. Gain from investments during 1919, $79,253.04.

Gain and Loss Exhibit, 1919.—Gains: Underwriting, $199.280.21; investments, $79,253.04; increase in contingent reserve fund, $195,642.54; decrease on account of special deposits, $12,128.89; total, $486,304.68.

Losses:   Other sources, $19.60; increase in special re-
serve, $200.642.54; dividends, $90,000; total. $290,662.14.

Surplus, December 31, 1918, $1,316,467.39; increase, $195,642.54; surplus, December 31, 1919, $1,512,109.93.

   Net Premiums   Net Losses

MISCELLANEOUTS CLASSES:   Written.   Incurred.

Motor vehicles    $219,592 90   $100,512 37

Tourists' baggage    3. 647 82   1. 252 45

Windstorm and tornado   18,436 30   1,501 64

Sprinkler leakage    3,100 34   178 86

Explosion   1,410 22   1,587 30

Earthquake   570 46    

War risk (other than marine)   52, 848 17   563 65

CANADIAN BRANCH.
ADMITTED ASSETS, CANADIAN BRANCH, DECEMBER 31. 1919.

Bonds and stocks owned (market value)   $89,750 00

Interest due and accrued thereon   782 50

Cash in banks and office    52.432 57

Agents' balances not over three months due   21, 089 68

TOTAL ADMITTED ASSETS    $164. 054 75

COMPANY — Continued.

LIABILITIES, CANADIAN BRANCH, DECEMBER 31, 1919.

Losses in process of adjustment   $8,083 55

Unearned premiums    66,599 50

Estimated taxes hereafter payable   9,450 00

TOTAL LIABILITIES, except capital.   $84, 133 05

NET SURPLUS, Canadian Branch    79.921 70

TOTAL   $164,054 75

INCOME, CANADIAN BRANCH. 1919.

Gross premiums written    $228, 048 67

Less reinsurance    26,221 84

Less return premiums   48, 936 18

Total net premiums    $152, 890 65

Interest, etc   4, 100 00

TOTAL INCOME    $156,990 65

DISBURSEMENTS. CANADIAN BRANCH, 1919.
Net losses paid    :   $42,404 91

Other expenses    52,186 10

TOTAL DISBURSEMENTS    $94,591 01

Miscellaneous, Canadiam. Branch, 1919.— Net losses incurred, $44,454.29 ; net risks in force December 31, 1919, $22,646.695; net premiums in force, $188,595.81.

ALLIED FIRE INSURANC COMPANY,
730 Park Bldg., Pittsburgh, Pa.

LIABILITIES, DECEMBER 31, 1919.

Losses in process of adjustment    $2.695 00

Unearned premiums    13,843 01

Estimated taxes hereafter payable   500 00

Contingent, commissions, etc    50 00

TOTAL LIABILITIES. except capital   $17, 088 01

CAPITAL PAID UP    100,000 00

NET SURPLUS   53, 503 10

TOTAL ADMITTED ASSETS    $170, 591 11   TOTAL   $170,591 11

ADMITTED

Mortgage loans on real estate    

Interest due and accrued thereon    

Bonds and stocks owned (market value)    

Interest due and accrued thereon    

Cash in banks and office     Agents' balances not over three months due.

Other admitted assets    

ASSETS, DECEMBER 31. 1919.

$5,900
109
149, 900
1,493
9,062
3. 188
937

00 50 00 20 07 74 60

GENERAL REVIEW-.

History.—This company was incorporated under the laws of Pennsylvania September 3, 1918, and received its license September 26, 191S, to transact a general fire insurance business.

The authorized and paid-in capital is $100.000. The stock, par value $100 per share, was sold at $150 per share, so that the company started with a paid-in surplus of

$50,000. The organization expenses consisted merely of charter fees and the necessary expenses attached thereto amounting to approximately $500.

Management and Reputation.— The company has reputable backing, and the management is closely affiliated with that of the Pittsburgh Lumbermen's Mutual Fire Insurance Co.. of Pittsburgh.

Edwin M. Hill, president of the company, is vice-president of the Pittsburgh Lumbermen's Mutual Fire Insurance Company. He has been engaged in the lumber and planing mill business for many years, and is in excellent repute.

Carl Van der Voort, secretary of the company, has acted as secretary of the Pittsburgh Lumbermen's Mutual since its organization in 1907. He has had considerable insurance experience and is in excellent standing.

On December 31, 1919, the directors owned $73.100, par value, of the company's $100,000 capital stock.

It writes a modest volume of business and has a very low expense ratio for a new company. Losses have been high, considering its age. It has a good loss paying reputation.

The company's investments are of excellent character. The mortgage loans are all upon Allegheny County property valued at over twice the amount loaned. The bonds owned are all Liberty Loan bonds.

The treasurer, secretary and assistant secretary are bonded in the sum of $10,000 each.

Officers.— President, E. M. Hill; vice-president, Watson E. Provost; treasurer, George N. Glass: secretary, Carl Van der Voort; assistant secretary, R. F. McCrea.