50   BEST'S INStiRANCE REPORTS - FIRE AND MARINE,

BRITISH AMERICA ASSURANCE COMPANY — Continued.

Blake, Lash, Anglin & Cassels,   Ratios to Premiums Earned.—Losses incurred, 44.0%;

expenses incurred, 41.0%; underwriting profit, 15.0%. Miscellaneous, 1919.—Net losses incurred, fire and miscellaneous, $630,566.81; marine and inland, $29,954.59; net risks in force December 31, 1919, fire and miscellaneous, $242,849,459; marine and inland, $1,350,238; net premiums in force, fire and miscellaneous, $2,461,587.03; marine and inland, $38,069.96.

Underwriting Exhibit, 1919.-Premiums earned during 1919, $1,496,434.52; gain from underwriting profit and loss items, $3,211.17; total, $1,499,645.69.

Losses incurred during 1919, $660,521.40; underwriting expenses incurred during 1919, $613,813.52; total, $1,274,-

334.92.

Gain from underwriting during 1919, $225,310.77. Investment Exhibit, 1919.— Interest, etc., earned during 1919, $92,518.24; profit on investments during 1919, $6,-056.81; total, $98,575.05.

Loss on investments during 1919, $14,714.40; investment expenses incurred during 1919, $2.362.22: total, $17,076.62. Gain from investments during 1919, $51,49S.43. Gain and Loss Exhibit, 1919.— Gains:   Underwriting, $225.310.77; investments. $81,495.43; other sources, $3.-210.79: remitted from Home Office. $214.474.29: total, $524,494.28.

Loss from remittance to Home Office, $561,492.24. Surplus, including deposit capital, U. S. Branch, December 31, 1918, $$16,497.83; decrease, $36.997.96; surplus, including deposit capital, U. S. Branch, Dec. 31, 1919. $779,499.87.

Lash, Miller, Barrister, of Toronto.

Meikle, W. B., president and general manager of company, Toronto.

Morrow, George A., president Imperial Life Assurance Co., Toronto.

Nicholls, Lt.-Col., the Hon. Frederic, president Canadian General Electric Co., Toronto.

Pellatt C. V. O.), Sir Henry, president Toronto Power Company, Toronto.

Wood, E. R., president Central Canada Loan and Savings Co., Toronto.

Departments.

Chas. H. Godfrey, manager Southern Department, Atlanta, Ga., for Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina.

H. T. Lamey, manager Western Department, Denver, Colo., for Arizona, Colorado, Idaho, Kansas, Montana, Nebraska, New Mexico, North Dakota, South Daeota, Utah. Wyoming.

Obrion, Russell & Co., managers New England Department, Boston, Mass., for Maine, Massachusetts, New Hamp

shire, Rhode Island.

General Agents.

John S. Aldehoff & Texas.

A. G. Hancock, Baltimore, Md., for Delaware, Dist. of Columbia, Maryland, Virginia, West Virginia.

L. B. Leigh & Co., Little Rock, Ark., for Arkansas. Miller. Henley & Scott, San Francisco, Cal., for Alaska, Hawaii, Nevada, Oregon and Washington.

Watson & Taylor, San Francisco, Cal., for California. Wakefield, Morley & Co., Hartford. Conn., for Connecticut.

R. B. McFalls & Co., New York, New York Suburban.

J. Lynn Truscott, Camden. N. J., for New Jersey, except Jersey City.

INCOME, U. S. BRANCH, 1919.   Marine

   Fire, etc.   and Inland.

Gross premiums written.. $2,907,246 55   $57. 595 84

Less reinsurance    930,671 73   1.534 95

Less return premiums..   558, 769 86   5.808 07

Total net premiums.. $1,417,804 96   $50,252 82

Interest, etc   88.496 19

Received from Home Office    214, 474 29

Other income    4.274 66

TOTAL INCOME    $1.775,302 91

15.3%.   HOME OFFICE STATEMENT.

DISBURSEMENTS, U. S. BRANCH, 1919.

Net losses paid:

Fire and miscellaneous    $697.176 63

Marine and inland   41, 362 59

TOTAL   $738,539 22

Underwriting expenses    634.926 54

Remitted to Home Office    561.492 24

Other disbursements    17,076 62

TOTAL DISBURSEMENTS    $1,952,034 62

Ratios to Premiums Written.—Losses paid, fire, etc., 49.2%; marine, 82.3%; incurred, fire, etc., 44.5%; marine, 59.6%; underwriting expenses, 43.2%; underwriting profit,

ADMITTED ASSETS, DECEMBER 31, 1919.

Real estate owned (market value)    $220,000 00

Mortgage loans on real estate    4,200 00

Bonds and' stocks owned (market value) ..   2,55.7.456 70

Accrued interest    38.3S2 91

Cash in banks and office    716,585 80

Branch office and agents' balances   718, 140 15

Bills receivable    14,531 64

Reinsurance due from other companies   60, 561 76

TOTAL ADMITTED ASSETS    $4,329,858 96

LIABILITIES, DECEMBER 31, 1919.

Losses in process of adjustment    $819.429 32

Unearned premiums    1,912, 254 79

Premiums due other companies    133. 148 71 Provision for taxes, contingencies and de-

preciation of securities    75.000 00

Reserve for hail bus.ness    50.000 00

Reserve for possible unreported losses   75,000 00

Other liabilities    5.957 10

TOTAL LIABILITIES, except capital.. $2.995,589 92 CAPITAL PAID UP, common stock. $849,-

$29.79; preferred stock, $550,000.

SURPLUS TO POLICYHOLDERS    1,334.269 04

TOTAL   $4,32.9.858 96

Income, 1919.—Net premiums written: Fire and miscellaneous, $2,924,327.97; marine and inland, $775,893.65; interest, etc., $112,947.70; total income, $3,813,169.32.

Disbursements, 1919.—Net losses paid: Fire and mis cellaneous, $1,302,587.32: marine and inland, $768.020.34: underwriting and general expenses, $1,351,821.47; dividend: to stockholders. $57.750: total disbursements. $3.480.179.13

Co., Dallas, Tex.,

for Oklahoma,