48   BEST'S INSURANCE REPORTS-FIRE AND MARINE.

BOSTON INSURANCE

Conference, New England Automobile Underwriters Conference, Pacific Coast Automobile Underwriters Conference, Southern Automobile Underwriters Conference, Western Automobile Underwriters Conference.

Classes of Business Iti ritten.— Fire, marine, tornado, tourists' baggage, registered mail, hail, explosion, motor vehicles and sprinkler leakage insurance.

Territory.— It is licensed in all States and Territories except Ala., Ariz., Guam, Hawaii, Nev., N. M., Porto Rico, S. C., Virgin Islands and \\ yo. It also operates in all of the Provinces of Canada except Prince Edward Island and Newfoundland.

Dividends.— The dividends paid in recent years are as follows: 1901 to 1906, inc., 10%; 1907, 20%; 1908, 18yc; 1909 and 1910, 30%; 1912, 21'/c ; 1913 to 1919, inc., 24%.

Officers.— President, William 11. Hedge; vice-president, Herbert Fuller and Henry H. Hedge: secretary, Freeman Nickerson; assistant secretaries, W. J. Chisholm and John M. Eaton.

Directors.

Austin, Calvin, president Eastern Steamship Corporation, Boston.

Blodgett, Edward E., lawyer, Boston.

Carver, Eugene P., lawyer, Boston.

Decrow, Israel E., ship broker. Boston.

Dole, Frank B., retired, Boston.

Dunphy, James AW., retired, Boston.

Fuller, Herbert, vice-president of company, N. Y. City. Hedge, William R., president, Boston.

Hill. Donald M., lawyer, Boston.

Lincoln, Wm. H., retired, Brookline, Mass.

McQuesten, Frank B'., lumber merchant, Boston. \Williams, Ward, vice-president, N. Y. City.

Stockholders' Annual Meeting.— First Monday in February.

General Agencies.

Western Department, Ralph Rawlings and B. L. Hewitt, managers, Lansing, Mich.

Pacific Coast. A. T. Bailey, San Francisco, Cal. Southwestern, Geo. M. Easley & Co., Dallas. Tex. Florida, J. H. Norton & Co, Jacksonville, Fla.

Colorado, Lyons & Johnson, Denver.

Virginia and North Carolina. A H. Harris, Richmond. Canada, H. H. Motley, manager, Calgary, Alberta, Can.

COMPANY — Continued.

DISBURSEMENTS, 1919. Net losses paid:

Fire and miscellaneous    $1,780,162 74

Marine and inland    1,605,372 72

TOTAL   $3,385,535 46

Underwriting expenses    2,729,347 24

Dividends to stockholders    240,000 00

Other disbursements    472,998 06

TOTAL DISBURSEMENTS    $6,827,880 76

Ratios to Premiums Written.— Losses paid, fire, etc., 42.5%; marine, 49.4%; incurred, fire, etc., 41.5%; marine, 57.0%; underwriting expenses, 46.7%; underwriting profit, 10.5%.

Ratios to Premiums Earned.--Losses incurred, 50.4%; expenses incurred, 39.3% ; underwriting profit, 10.9%.

Miscellaneous, 1919.— Net losses incurred, fire and miscellaneous, $1,738,591.50; marine and inland, $1,853,150.72; net risks in force December 31, 1919, fire and miscellaneous, $764,151,513; marine and inland, $73,641,133; net premiums in force, fire and miscellaneous, $7,337,86.2.73; marine and inland, $2,126,788t50.

Underwriting Exhibit, 1919.—Premiums earned during 1919, $7,119,690.17; gain from underwriting profit and loss items, $57,140.25; total, $7,176,830.42.

Losses incurred during 1919, $3,591,742.22; underwriting expenses incurred (luring 1919, $2,802,723.24; total, $6.-394,465.46.

Cain from underwriting (luring 1919, $782,364.96.

Investment Exhibit, 1919.— Interest, etc., earned during 1919, $473,062.51; profit on investments (luring 1919, $321,-824.20; total, $794.886.71.

Loss on investments during 1919, $424,528 71; investment expenses incurred during 1919, $38,888.77; total, $463,-417.48.

Gain from investments during 1919, $331,469.23.

Gain and Loss Exhibit, 1919.— Gains: Underwriting, $782,364.96: investments, $331,469.23; decrease on account of special deposit not admitted, $48.704.44; total, $1,162,-538.63.

Loss from dividends, $260,000.

Surplus, December 31, 1918, $3,224,137.85; increase, $902,538.63; surplus, December 31, 1919, $4,126,676.51.