A.M. Best Fire and Marine Insurance Companies (1919)

BEST'S INSURANCE REPORTS—FIRE AND MARINE. 13

195, 000 00 63, 701 38

TOTAL DISBURSEMENTS $1,142,208 06

Ratios to Premiums Written.—Losses paid, 29.9%; incurred, 31.9%; underwriting expenses, 37.2%; underwriting profit, 12.0%.

Ratios to Premiums Earned.—Losses incurred, 38.9%; expenses incurred, 46.3%; underwriting profit, 14.7%.

Miscellaneous, 1919.—Net losses incurred, $420,018.09; net risks in force December 31, 1919, fire and miscellaneous, $251,498,032; marine and inland, $332,485; net premiums in force, fire and miscellaneous, $1,890,745.50; marine and inland, $4,764.66.

Underwriting Exhibit, 1919.- Premiums earned during 1919, $1,078,269.06.

Stockholders' Annual Meeting.— Fourth Tuesday in March.		Losses incurred during 1919, $420,018.09; underwriting expenses incurred during 1919, $499,584.59; total, $919,-
Departments.— Western Department, Chicago, Ill., J. C.		602.68. Gain from underwriting during 1919, $158,666.38.
Ingram, W. L. Lerch, managers, W. H. Sage, general man- ager; Pacific Department, San Francisco, Cal., G. H. Tyson, general agent.
		Investment Exhibit, 1919.— Interest, etc., earned during
		1919, $151,859.75; profit on investments (luring 1919, $354.21; total, $152,213.96.
INCOME, 1919. Fire, etc. Gross premiums written.. $6,158,848 89 Less reinsurance 3,505,415 90 Less return premiums.. 1,343,317 21	Marine and Inland. $223. 076 22 178.133 90 40, 115 26
		Loss on investments during 1919, $122,892.80; investment expenses incurred during 1919, $4,032.52; total, $126,925.32.
		Gain from investments during 1919, $25,288.64. Gain and Loss Exhibit, 1919.— Gains: Underwriting,
		$158,666.35; investments, $25,288.64; other sources, $14,-
Total net premiums.. $1,310,115 7S Interest, etc Other income	$4, 827 06 151,633 75 354 21
		S71.50; total. $198,826.52.
		Loss from dividends, $195,000. Surplus, December 31, 1918, $1,044,519.29; increase, $3,-
TOTAL INCOME	$1,466.930 SO	823.52; surplus, December 31,	1919, $1,048,345.81.

			Net Premiums		Net Losses
DISBURSEMENTS, 1919.		MISCELLANEOUS CLASSES:	Written.		Incurred.
Net losses paid:		Motor vehicles	$4, 827	06	$1, 125 63
Fire and miscellaneous	$392.841 IS	Windstorm and tornado....	35,866	33	4,984 03
Marine and inland	1,080 91	Sprinkler leakage	3,173	99	980 87
		Explosion	-755	41	114 71

TOTAL	$393,922 09	War risk (other than marine)	-2,915	3S	........
Underwriting expenses	459.584 59	hoot and civil commotion...	31, 637	06	66 95

AMERICAN AND FOREIGN MARINE INSURANCE COMPANY, Cotton Exchange Bldg., New York, N. Y.

ADMITTED ASSETS, DECEMBER 31, 1919.			LIABILITIES, DECEMBER 31, 1919.
Bonds and stocks owned (market value)	$2,264.890	35	Losses in process of adjustment, $304,070;
Interest due and accrued thereon	20.825	75	reinsurance, $133,989; net	$170,081	00
Cash in banks and office	60.341	72	Unearned premiums: Inland navigation,
Agents' balances not over three months due.	-130, 820	25	$40,462 37; marine, $58,106.05; total	98, 568	42
Reinsurance due on losses paid	27.445	14	Salaries, rents, etc	200	00
			Estimated taxes hereafter payable	54, 600	00
			TOTAL LIABILITIES, except capital	$323, 449	42
			CAPITAL PAID UP	300, 000	00
			NET SURPLUS	1,619,233	29
TOTAL ADMITTED ASSETS $2.242,682		71	TOTAL $2,242,682		71

AMERICAN ALLIANCE INSURANCE COMPANY — Continued.

Director&.— Dividends to stockholders

Babst, Earl D. Other disbursements

Choate, Arthur O.

Cutter, Ralph L., merchant. Donunerieh, Otto L., merchant. i'leitmann, Herman C., merchant. Garver, John A., lawyer. Hopkins, Eustice L., merchant. Kremer, William N.

McRoberts, Samuel.

Perkins, George W., capitalist. Smith, Charles G., president. Smith, Howard C.

Stillman, James A.

Stursberg, JuliusA., real estate. Wood, William, manufacturer.

GENERAL REVIEW.

History.— This company was organized in December, 1896, with an authorized capital of $200,000, and began business in February, 1897. On June 3, 1910, its capital was increased from $200,000 to $300,000.

It was organized and is controlled by the British and Foreign Marine Insurance Company, of Liverpool, England, a very large and responsible company, which is owned and controlled by the Royal Insurance Company, Limited, of Liverpool.