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46 BEST'S INSURANCE REPORTS—FIRE ANI) MARINE.
BEAVER FIRE INSURANCE COMPANY — Continued.
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Territory.— The company operates in the Provinces of |
De Jardin. A., secretary of the company. |
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Alberta, British Col"mbia, Manitoba and Saskatchewan. |
Laird, D. H. (K. C.), solicitor, member firm of Munson, | ||
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Dividends.—In 1915 it paid $5,321.35; 1916, $7,287.10; |
Allan, Laird & Davis, Winnipeg. |
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1917, $8,188.62; 1918, $9,090.15. |
Morse, F. Morton, president of Miller-Morse Hardware | ||
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Officers.—President, W. J. Christie; vice-presidents, G. W. Allan and Andre Gouzee; secretary and managing di- |
Co., director and secretary Winnipeg Electric Railway Co. | ||
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rector, A. de Jardin. Directors. |
INCOME, 1919. Total net premiums |
$36,201 |
18 |
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Allan, G. W. (K. C. M. P.), solicitor, director Canadian |
Interest, etc |
19,118 |
89 |
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Bank of Commerce, Great West Life Assur. Co., Northern Trust Co., etc. – |
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TOTAL INCOME |
$55.320 |
07 | |
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Christie, W. J., real estate. Cross, W. H., manager The Land and Agricultural Co. of Canada. |
DISBURSEMENTS, 1919. Net losses paid |
$7,293 |
96 |
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Galt, John, president Union Bank of Canada. |
Underwriting expenses |
5,352 |
54 |
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Griffin, F. T., land com'r for Canada N. W. Land Co. |
Dividends to stockholders |
13.597 |
65 |
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Gouzee, Andre, manager Mortgage Co. of Canada and |
Special bonus |
15.025 |
00 |
Canadian managing director for the General Financial Cor-
poration of Canada. TOTAL DISBURSEMENTS $41.269 15
BIRMINGHAM FIRE INST RANCE COMPANY,
1812 Carson Street, Pittsburgh, Pa.
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ADMITTED ASSETS, DECEMBER 31, 1919. |
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LIABILITIES, DECEMBER 31, 1919. |
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Real estate owned (market value) |
$19, 100 |
00 |
Losses in process of adjustment, $10,521.10; |
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Mortgage loans on real estate |
301,458 |
00 |
resisted, |
$3,000; total, $13,521.10; rein |
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Interest due and accrued thereon |
4.779 |
88 |
surance, |
$2,773.33 net |
$10,747 |
77 |
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Bonds and stocks owned (market value) |
161, 815 |
36 |
Unearned |
premiums |
154, 281 |
12 |
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Interest due and accrued thereon |
1,819 |
01 |
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Cash in banks and office |
51,000 |
89 |
TOTAL LIABILITIES, except capital |
$165, 028 |
89 | |
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Agents' balances not over three months due. |
24.587 |
29 |
CAPITAL PAID UP |
200.000 |
00 | |
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Other admitted assets |
836 |
00 |
NET SURPLUS |
200, 367 |
54 | |
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TOTAL ADMITTED ASSETS |
$565.396 |
43 |
TOTAL |
$565, 396 |
43 | |
GENERAL REVIEW.
History. This company was incorporated under the laws of Pennsyl' an is and commenced business August 1, 1871, with a paid-in capital of $100,000. The capital was gradually increased to $200,000.
The par value of the stock is $50 per share.
Management and Reputation.—The company is managed by reputable interests. On December 31, 1919, its directors owned $15,650, par value, of its $200,000 capital stock.
The business transacted is conservative. The expense of management has been high, but its average loss ratio is low.
The chief item of real estate is the Home Office building of the company. The mortgages are well secured by dwelling and farm property valued at more than twice the amount loaned.
The company's loss paying reputation is excellent. Class of Business Written.— Fire insurance.
Territory.— It is licensed only in Illinois and Pennsylvania.
Dis'idcnds.— It paid dividends of 10% for several years prior to 1913, 1913 to 1918, inclusive, 12%; 1919, 16%a; total dividends paid since organization, $691,046.
Officers.—President, Wm. Henning; vice-president, Joseph F. Ploeger; secretary, A. J. Henning; assistant secretary, A. G. Kaufmann.
Directors.
Bleichner, Jno. A., real estate and insurance, Pittsburgh. Henning, William, real estate and insurance, Pittsburgh. Hofmeister, George, retired. Carrick, Pa.
Kaufmann, Leonhard, retired, Brentwood Boro, Pa. Knoepp, Louis G., Pittsburgh, Pa., wholesale notions. Kuehneisen, Jr., Louis, gents' furnishings, Pittsburgh. McCombs, W. H., physician, Pittsburgh.
Ploeger. Joseph F., president Peoples Trust Co_ Pitts-burgh.
Rudolph, John C., cashier Manufacturers Bank, Knoxville. Seifcrth. John, manager Winters Brewery, Carrick. Sutter, Geo. L., attorney, Carrick.
Wiegel, Charles, druggist, Pittsburgh.
General Agents.—Eliel & Loeb, Chicago. Ill. Stockholders' Annual Meeting.— Second Monday in January.
INCOME, 1919.
Gross premiums written $233,394 48
Less reinsurance 56.352 01
Less return premiums 30,790 98
Total net premiums $146,251 49
Interest, etc 28,418 73
Other income 16,296 51
TOTAL INCOME $190.966 73
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