BEST'S INSURANCE REPORTS—FIRE AND MARINE.   35

ATLAS ASSURANCE COMPANY, LIMITED,
London, England.

UNITED STATES BRANCH, 100 WILLIAM STREET, NEW YORK.

ADMITTED ASSETS, U. S. BRANCH, DECEMBER 31, 1919.

TOTAL ADMITTED ASSETS    $4,489,758 79

LIABILITIES, U. S. BRACE, DECEMBER 31, 1919. LOSSES: Adjusted, not due, $1,113.65; in process of adjustment, 8419,542.80; re-

4 ;5,155; total, $431,811.45; rein-

surance, $207,909.72; net    $223, 901 73
Unearned premiums: Fire and miscellaneous, $2,718,578.50; marine, $79,225.10;

total   2, 791,803 60

Salaries, rents, etc   4, 017 16

Estimated taxes hereafter payable    75, 000 00

Contingent commissions, etc   35, 024 81

Other liabilities    673 77

TOTAL LIABILITIES, except statutory

capital deposit    $3,136.421 07
NET SURPLUS. U. S. Branch. including

statutory capital deposit    - 1,353,337 72

TOTAL   $4,489,758 79

GENERAL REVIEW.

History.— This company was established in 1508. Its subscribed capital is £2,200,000 ($11,000,000), divided into 220,000 shares of £10 each, of which £1,320,000 has been paid in. It entered the United States in 1886.

Early in 1904 this company absorbed the Manchester Assurance Company, Limited, of Manchester, England. Policies under the title, "Atlas Underwriters Agency" and "Atlas Manchester Underwriters " are issued and guaranteed by this company, the latter being issued in the Pacific Coast States of the United States.

Hoiec Office Resources.— As all assets of the company (other than life insurance funds) are liable for the payment of losses, wherever incurred, we present the following in-formation from the Home Office balance sheet: Total assets, December 31, 191S, $31,200,425; total liabilities, except capital, $21,381,815: capital paid in, $1,320.000, and net surplus, $8,498,610.

Management and Reputation.— The company is in excellent repute both at its home and in this country.

The United States Branch is under competent and experienced management. It transacts a conservative business and its operations in this country have been profitable. The premium income increased considerably in 1918 and 1919. Its operating expenses are moderate, and its loss ratio has been normal.

Its loss paying record is excellent under all conditions. The securities owned are high grade and yield a good re-turn. The security valuations in this statement are those fixed by the Convention of Insurance Commissioners.

Affiliations.— Eastern Union, Western Union, South-eastern Underwriters Association, Board of Fire Under-writers of the Pacific, Rocky Mountain Underwriters Association, Eastern Automobile Underwriters Conference, National Automobile Underwriters Conference, New England Automobile Underwriters Conference, Pacific Coast Auto-mobile Underwriters Conference, Southern Automobile Underwriters Conference, Western Automobile Underwriters Conference.

United States Manager.— Frank Lock, 100 '1\illianl street, New York.

United States Trustees.—Walter P. Bliss, Edwin G. Merrill and W'. Redmond Cross, all of New York.

Classes of Business Written.— In the United States it writes fire, automobile, sprinkler leakage, earthquake, ex-plosion, war risk, tornado, riot and civil commotion insurance. Its Home Office writes fire, life, employers' liability, accident and burglary insurance.

Territory.— It operates direct, or by reinsurance, all over the Continent of Europe, and has branches or direct agencies in India, in all of the principal Asiatic Ports, Africa, Australia, New Zealand, South America, the West Indian Islands. Central America, Mexico, Philippine Islands and Cuba.

In the United States it is licensed in all the States and Territories except Alaska, Kan., N. D., Okla., S. D. and Tenn. Departments.

Pacific Coast Department, F. J. Devlin, manager, San Francisco.

General Agents for Louisiana and Mississippi, L. Monrose & Sons. New Orleans.

General Agents for Texas, Beers, Kenison & Co., Galveston.

General Agents for Arkansas, Adams and Boyle, Little Rock, Ark.

INCOME, U. S. BRANCH, 1919.

Fire, etc.   Automobile.

Gross premiums written... $6,422,718 55   $232. 401 07

   Less reinsurance    1,947,133 93   11.271 20

   Less return premiums... 1, 190, 052 12   58. 404 OS

   Total net premiums.. $3,285,532 50   $162, 725 79

Interest, etc   155. 978 05

Received from Home Office    9,925 40

Other income    673 77

   TOTAL INCOME    $3,614,835 51