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12 BEST'S I'NSURANCE REPORTS—FIRE AND -ARINE.
ALLIED FIRE INSURANCE
Directors.— Glass, George N.; Babcock, F. R.; Diebold, E. A.; Alders, W. E.; Diebold, E. M.; Parsons, J. T.; Donges, J. C.; Van der Voort, Carl; Eider, Edward; Provost, W. E.; Diebold, M.; Hill, E. Bruce; Means, S. W.;
Textor, G. P.; Hill, E. M.; Ross, Charles F.
Classes of Business Written.— It writes direct
reinsurance.
Territory.— The company is
Illinois.
Stockholders' January.
INCOME, 1919.
Gross premiums written $38, 238 88
Less reinsurance 264 39
Less return premiums 7, 593. Si
Total net premiums $30, 3S0 6S
Interest, etc 6, 876 11
TOTAL INCOME $37, 256 79
DISBURSEMENTS, 1919.
Net losses paid $10,739 56
Underwriting expenses 10,037 47
TOTAL DISBURSEMENTS $20,777 03
COMPANY—Continued.
Ratios to Premiums Written.—Losses paid, 35.3%; rn
curred, 44.2%; underwriting expenses, 33.0%; underwriting loss, 19.4%.
Ratios to Premiums Earned.—Losses incurred, 74.2%; expenses incurred, 57.9%; underwriting loss, 32.6%. Miscellaneous, 1919.—Net risks in force December 31, 1919, $2.1.21,938; net premiums in force, $2.768.601.
Underwriting Exhibit, 1919.—Premiums earned during 1919, $18,099; loss from underwriting profit and loss items, $80; total, $18,019.
Losses incurred during 1919, $13,434.56; underwriting expenses incurred during 1919. $10,487.47; total, $23,-92.2.03.
Loss from underwriting during 1919, $5,903.03. Investment Exhibit, 1919.— Interest, etc., earned during 1919, $7,311.88.
Investment expenses incurred during 1919, $194.75. Cain from investments during 1919, $7,117.13.
Gain and Loss Exhibit, 1919.— Gain from investments, $7.117.13.
Loss from underwriting, $5,903.03.
Surplus, December 31, 1918. $52,289; increase, $1214.10; surplus, December 31, 1919, $53,503.10.
fire and
licensed in Pennsylvania and
Annual Meeting.—Third Thursday
in
AMERICAN ALLMANCE INSURANCE COMPANY,
1 Liberty Street, New York, N. Y.
ADMITTED ASSETS, DECEMBER 31, 1919.
Bonds and stocks owned (market value) $2,900,031 00
Interest due and accrued thereon 27,202 00
Cash in banks and office 147,859 81
Agents' balances not over three months due. 222, 461 39
TOTAL ADMITTED ASSETS $3, 297, 554 20
GENERAL REVIEW.
History.— This company, until 1918 known as the German Alliance Insurance Company, was incorporated under the laws of New York in February, 1897, by persons identified with the German-American Insurance of New York City, now the Great American Insurance Company. It began business with $200,000 capital and $100,000 surplus paid
in. In 189S the capital was increased to $400,000 and
$100,000 additional surplus was paid in. In 1917 the capital was increased to $1,000,000 and $150,000 was added to surplus.
The par value of the stock is $100 per share.
It operates in harmony with the Great American Insurance Company. and guarantees with that company under-writers' policies entitled "American Alliance Insurance Association."
Management and Reputation.—The company is well and conservatively managed and has made excellent progress. It is backed by substantial interests. The directors owned at the end of 1919 $153,000, par value, of the company's $1,000,000 capital stock.
The volume of business written is conservative in
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LIABILITIES, DECEMBER 31, 1919. | |
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LOSSES: Adjusted, not due, $29,746; iu |
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process of adjustment, $437,308; resisted, $18,995; total, $486,049; reinsurance. $362,721; net |
$123,328 00 |
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Unearned premiums: Fire and miscellane- ous, $1,078,498.06; inland navigation, $2,- 382.33; total |
1,080,880 39 |
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Estimated taxes hereafter payable |
45, 000 00 |
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TOTAL LIABILITIES, except capital. |
$1,249,20S 39 |
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CAPITAL PAID UP |
1,000,000 00 |
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NET SURPLUS |
1,048,345 81 |
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TOTAL $3,297,554 20 | |
proportion to the company's net resources. It operates under a low expense ratio, and its loss ratio is normal. Its investments are excellent.
Its loss paying record is excellent under all conditions.
Affiliations.— Eastern Union, Western Union, South-eastern Underwriters Association, Board of Fire Under-writers of the Pacific, Rocky Mountain Underwriters Association.
Classes of Business Written.—Fire, war risk, riot and civil commotion, explosion, sprinkler leakage, tornado and automobile insurance.
Territory.— It is is licensed in all the States and Territories except Guam, New Mexico, Philippines, Porto Rico and Vermont. It also operates in British Columbia.
Dividends.— In recent years it has paid dividends as
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follows: 1901 and 1902, 6%; 1903 to 1905. inc., |
10%; |
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1906 to 1909, inc., 12%; 1910 to 1916, inc, 15%; |
1917, |
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20% on all capitalization of $400,000; 1918, 13.5%; |
1919, |
19½%.
Officers.— President, Charles G. Smith; secretary, Edwin M. Cragin; assistant secretaries, Jesse E. W bite and Alexander R. Phillips.
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