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56 BEST'S LNSURANCE REPORTS—ME AND MARINE.
BUCKEYE NATIONAL FIRE INSURANCE
Barfield, H. M., ex-treasurer of Lucas County, Ohio. Barnett, C. L., secretary-treasurer Collier-Barnett Company, Toledo, Ohio.
Bassett, H. S., for nine years statistician and exam
iner in the Ohio Insurance Department, Columbus, Ohio. Bond, Sherman, proprietor Bondy House, Toledo, Ohio. Chandler, A. R., banker, Sylvania, Ohio.
Clark, F. P., retired, North Baltimore, Ohio.
Denman, U. G., ex-attorney general of Ohio.
Durbin, D. L., president Durbin Bank, _McClure, Ohio. Feilbach, Charles, wholesale grocer, Toledo, Ohio. Johnson, C. B., furniture dealer, Toledo, Ohio.
Lisiakowski, AV. J., president Opieka Savings Bank, Toledo, Ohio.
Lutz, F. A., banker, Hamler, Ohio.
Nettleman, G. H., commission merchant, Toledo, Ohio. Pickard, J. H., retired, Toledo, Ohio.
Spencer, J. M., cashier First National Bank, Toledo, Ohio. Tiffa
y,
.
.,
cashier Pe
les State Savi
s Bank,
Toledo, Ohio.
Turner, Charles S., president Moreton Truck and Storage Company, Toledo, Ohio.
Voegele, C. H., president Voegele-Dinning Company, Mansfiel
Ohio.
Annual Meeting.— Fourth
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IxcoME, 1919. Fire, etc. | |||
|
Gross premiums written.. |
$135, |
511 |
85 |
|
Less reinsurance |
24. |
249 |
81 |
|
Less return premiums. . . |
20, |
402 |
03 |
|
Total net premiums.. |
$90, |
860 |
01 |
Nil.
Interest, etc $8,834 68
Other income 600 00
TOTAL INCOME $100,294 69
COMPANY —Continued.
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DISBURSEMENTS, 1919. |
|
|
|
Net losses paid: Fire and miscellaneous |
$32, 146 |
88 |
|
Marine and inland |
20,042 |
33 |
|
TOTAL |
$52,189 |
26 |
|
Underwriting expenses |
38.105 |
54 |
|
Other disbursements |
|
2.970 71 |
|
TOTAL. DISBURSEMENTS |
$93.265 |
51 |
|
Ratios to Premiums Written.— Losses paid, |
35.4%; |
in- |
|
curred, 600%: underwriting expenses, 41.9%; |
under- | |
writing loss, 3.6%.
Ratios to Premiums Earned.—Losses incurred, 61.5%; expenses incurred, 42.6%; underwriting loss, 3.7%.
Miscellaneous, 1919.— Net losses incurred, $54,494: net risks in force December 31, 1919. $11,828,785; net premiums in force. $115,057.87.
Underwriting Exhibit, 1919.— Premiums earned during 1919, $88,646.84; gain from underwriting profit and loss items, $284.03: total, $88,930.87.
Losses incurred during 1919, $54.404.38; underwriting expenses incurred during 1919, $37,742.39; total, $92,236.77.
$8,478.84.
Loss from underwriting, $3,305.90.
Surplus, December 31, 1918, $49,506.34; increase, $5,-172.94; surplus, December 31, 1919, $54.681.28.
,
Stockholders' January.
|
Thursday in |
Loss from underwriting (luring 1919, $3,305.90. | |
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|
Investment Exhibit, 1919.—Interest, etc., earned during | |
|
Marine and Inland. |
1919, $8:766.15; profit on investments during 1919, $1,- 560.82; total, $10,326.97. | |
|
$11. |
662 84 |
Loss on investments during 1919, $221.25; investment |
|
8, |
498 35 |
expenses incurred during 1919, $1,626.88; total, $1,848.13. |
|
3, |
164 49 |
Gain from investments during 1919, $8,478.84. Gain, and Loss Exhibit, 1919.— Gains from investments. |
BUFFALO INSURANCE COMPANY,
447-449 Main Street, Buffalo, N. Y.
|
ADMITTED ASSETS, DECEMBER 31, 1919. Real estate owned (market value) $525, 000 Rents due and accrued 450 Mortgage loans on real estate 542,550 Interest due and accrued thereon 5.299 Loans on collateral security 5.000 Interest due and accrued thereon 125 Bonds and stocks owned (market value) 2,008,306 Interest due and accrued thereon 16.404 Cash in banks. 351.974 Agents' balances not over three months due. 156. 334 |
00 00 00 90 00 00 70 79 40 07 |
LIABILITIES. 1)N:CF:MBER 31, 1919. LOSSES: Adjusted, due, $4,007.29; in process of adjvtment, $54,494.91; re- sisted, $9,878.85; total, $68,38L05; rein- surance. $12,730.65; net Unearned premiums Salaries, rents, etc Estimated taxes hereafter payable Contingent commissions, etc Reserve for contingencies Other liabilities |
$55, 650 959.866 1,000 50.000 9,000 65.000 1,077 |
40 27 00 00 00 00 68 35 00 51 86 |
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TOTAL LIABILITIES, except capital $1, CAPITAL PAID IN |
141.594 400, 000 | |||
|
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NET SURPLUS 2,072,850 | |||
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TOTAL $3,614.444 | ||||
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TOTAL ADMITTED ASSETS $3.614,444 |
86 | |||
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GENERAL REVIEW. |
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was merged with it, increasing the capital to $400,000. |
It | |
|
History.— This company began business February |
15, |
was formerly the Buffalo German Insurance Company, but | ||
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1867. with $100,000 paid-in capital. Its capital was |
in- |
during 1917 the above title was adopted. | ||
|
creased to $200,000 in March. 1870. In April, 1914, |
the |
The par value of the company's stock is $100 per share. | ||
Buffalo Commercial Insurance Company (capital $200.000), It issues policies in accordance with the special reserve
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