BEST'S INSURANCE REPORTS-FIRE AND MARINE.   17

AMFRICAN CENTRAL INSURANCE COMPANY — Continued.

Conference, Southern Automobile Underwriters Conference, Western Automobile Underwriters Conference.

Classes of Business Written.—Fire, marine, automobile, tornado. explosion and war risk insurance.

Territory.— Licensed in all the States and Territories, except Guam. Philippine Islands, Porto Rico and Virgin Islands: it also operates in Hawaii and iuu Canada in the provinces of Alberta, B. C., Manitoba and Saskatchewan.

Dividends.— The dividends paid in recent years have been as follows: 1900 to 1903, inc., 10% ; 1904 to 1907, inc., 12%; 190S, 12%. 1909, 12%; 1910, 12%; 1911, 12%: 1912, 12%; 1913, 6%: 1914, 15% ; 1915, 12%, on $1,000,000 capital. In 1916 3% was paid, but none since the acquirement by the Commercial Union.

Officers.— President, B. G. Chapman, Jr.; secretary. Harold M. Hess; assistant secretaries, Conrad Roeder and R. \\. Smith,

Directors.

Chapman. Jr.. B. G., president of company.

Eddy, H. C , resident secretary Commercial Union Assur. Co., Ltd., Chicago. Ill.

Hess, Harold M., secretary of company.

Jones. Robt. Meli , director St. Louis Union Trust Co. Layman, W. A., president Wagner Electric Manufacturing Co.

Lee. John F., counsel of the company.

Peckham, O. H., chairman board of directors National Candy Company.

Reller. A. H.. cashier Bremen Bank.

Wray, A. H., New York City.

,''toehholders' Annual Meeting.—Third Tuesday in April.

Departments and General. Agencies.—B. Goodwin, Mgr, San Francisco. Pacific Coast Dept.: C. H. Godfrey, Atlanta. Southern Dept.: Simpson, Campbell & Co.. Boston, New England Dept.: Cravens. Dargan and Roberts. general agents for Texas, Houston; Godchaux & Mayer, general agents. New Orleans. for Louisiana: L. B. Leigh & Co., Little Rock, Ark., general agents for Arkansas: Fes's & Smith. Winnipeg, Manitoba, for Canada.

INCOME. 1919.   Marine

   Fire, etc.   and Inland.

   Gross premiums written .. $6.475.856 72   $739,267 3S

Iess reinsurance    3,263.893 89   291.193 32

   Less return premiums .. 1,315,365 47   167,217 99

   Total net premiums.. $1,896.597 36   $280.856 07

Interest, etc   177.049 03

Other income   3, 453 Of

TOTAL INCOME    $2,357,955 4i
DISBURSEMENTS, 1919. Net losses paid:

Fire and miscellaneous    $800,733 53

Marine and inland    149,950 30

TOTAL   $950,683 83

Underwriting expenses    916.99.2 51

Other disbursements    38,744 01

TOTAL DISBURSEMENTS   $1.906.420 35
Ratios to Premiums Written.—Losses paid, fire, etc., 422%; marine, 53.4% ; incurred, fire, etc., 42.3%; marine, 63.0% ; underwriting expenses, 42.1%; underwriting profit, 82%.

Ratios to Premiums Earned.—Losses incurred, 45.0%; expenses incurred. 46.8%; underwriting profit, 8.2%. Miscellaneous, 1919.—Net losses incurred, fire and miscellaneous, $802,561.11; marine and inland, $176,945.72; net risks in force December 31, 1919, fire and miscellaneous, $356,588,970; marine and inland, $18.868,632; net premiums in force, fire and miscellaneous, $3,600,174.84; marine and inland, $268,650.04.

1'w/meriting Exhibit, 1919.—Premiums earned during 1919, $2.175,004.73: gain from underwriting profit and loss items. $1,376.06: total. $2.176,380.79.

Losses incurred during 1919, $979,506.83; underwriting expense incurred during 1919, $1,017,748.70; total, $1,-907.255.53.

Gain from underwriting during 1919. $179,125.26. Investment Exhibit, 1919.— Interest, etc., earned during 1919. $179.539.51; profit on investments during 1919. $3,-015: total, $182,554.81.

Loss on investments during 1919, $60.701.01; investment expenses incurred during 1919, $5,097.55: total, $65,798.56. Gain from investments during 1919, $116.756.25. Gain and Loss Exhibit, 1919.—Gains: Underwriting. $179,125.26: investments, $116.756.25; total, $295.881.51. Loss from other sources, $51.988.59.

Surplus, December 31, 1918, $1,237,978.78: increase, $243,892.92: surplus, December 31, 1919. $1,481.S71.70.

   Net Premiums   Net Losses

MISCELLANEOUS CLASSES:   Written.   Incurred.

Motor vehicles    $280.910 5S   $176.945 72

Windstorm and tornado ....   67, 822 65   21. 605 70

Explosion   215 00

War risk   4, 159 62