A.M. Best Fire and Marine Insurance Companies (1919)

58 BEST'S INSURANCE REPORTS—FIRE AND MARINE.

CALEDONIAN-AMERICAN INSURANCE COMPANY,
50-52 Pilte Street, New York, N. Y.

ADMITTED ASSETS, DECEMBER 31, 1919.			LIABILITIES, DECEMBER 31, 1919.
Bonds and stocks owned (market value) .. 8504.894 00 Interest due and accrued thereon 5, S26 19 Cash in banks and office : 10.005 79 Agents' balances not over three months due. 1S, 944 29			LOSSES: Adjusted, due, $113.88; not due, $2,565.32; in process of adjustment, $20,- 148.50; total, $22,827.70; reinsurance, $21,043.34; net	$1, 784	36
Other admitted assets 968 96			Unearned premiums	17,078	48
			Salaries, rents, etc	100	00
			Estimated taxes hereafter payable	400	00
			Reserve for contingencies	5, 000	00
			TOTAL LIABILITIES, except capital	$24,362	84
			CAPITAL PAID UP	200, 000	00
			NET SURPLUS	316,276	39
TOTAL ADMITTED ASSETS :5540.639 23			TOTAL	$ 4x40,639	3 23
GENERAL REVIEW'.			INCOME, 1919. Gross premiums written	$174.737	70
History.— This company was organized December 24,
1897, and began business March 24, 189S, with $200,000			Less reinsurance	124,976	71
capital paid in. It is owned and operated by the Caledonian			Less return premiums	30, 636	02
Insurance Company of Edinburgh, an old and reputable			Total net premiums	$19,124	97
company. The business written prior to 1920 was small			Interest, etc._	6,902	05
and was mainly reinsured in the parent company. Late in			........................... Surplus paid in	275,000	00
1919 $275,000 was contributed to surplus account by the parent company- and the company will hereafter write inde-
					02
			TOTAL INCOME	$301.027
pendent lines. The par value of the stock is $100 per share.			DISBURSEMENTS, 1919. Net losses paid	$6.500	28
Management and Reputation.—It is under the same
the Caledonian Insurance Company.		Its	Underwriting expenses	6.418	75
management as
expense of management has been moderate, and its loss			Dividends to stockholders	8.000	00
ratio is normal.			Other disbursements	489	62
On December 31, 1919, the directors owned	$4,500, par		TOTAL DISBURSEMENTS	$21,408	65

value, of the capital stock.

Its general loss paying reputation is excellent.

The securities owned are high grade. The security valuations in this statement are those fixed by the Convention of Insurance Commissioners.

Affiliations.— Eastern Union. Western Union, and Rocky Mountain Underwriters Association.

Class of Business Written.— Fire insurance.

Territory.— It is licensed in Colo.. Conn., D. C.. Ill., Ind.. Ky., Me., Md., _Mass, Mich., N. H., N. J., N. Y., O., Pa., R. I., Tenn., W. Va., Wis. and Wyo. It is also licensed in Canada.

Dividends.— 1908, 3%; 1909 to 1919, inc., 4%.

Officers.— President, Charles H. Post; vice-president, R. C. Christopher; secretary, Milward Frain; assistant secretary, Herman E. Franck.

Directors.

Christopher, R. C., vice-president.

Clarke, Lewis L., banker.

Franck, H. E., assistant secretary.

Hubbell, Chas. B., lawyer.

Humbert, J. J. C., banker.

Kahler, Harry A., banker.

McNeil, N. A., insurance.

Patterson, Edw. J., lawyer.

Post. Chas. H., president.

Stockholders' Annual Meeting.— First Tuesday in March.

Ratios to Premiums Written.— Losses paid, 34.0%; incurred, 33.1%; underwriting expenses, 33.6%; underwriting profit, 35.7% .

Ratios to Premiums Earned.—Losses incurred, 39.2%; expenses incurred, 40.4%; underwriting profit, 42.3%.

Miscellaneous, 1919.— Net losses incurred. $6,330.51 ; net risks in force December 31, 1919, $3,486,910; net premiums in force, $31,778.42.

Underwriting Exhibit, 1919.- Premiums earned during 1919. $16,148.51; gain from underwriting profit and loss items, $3,539.65; total, $19,688.16.

Losses incurred during 1919, $6,330.51; underwriting ex-

penses incurred during 1919. $6,518.75; total, $12,849.26. Gain from underwriting during 1919, $6,838.90. Investment Exhibit, 1919.— Interest, etc., earned during

1919, $10,323.06.

Loss on investments during 1919, $5,350; investment expenses incurred during 1919, $483.59; total, $5,833.59. Gain from investments during 1919, $4,489.47.

Gain and Loss Exhibit, 1919.—Gains: Underwriting, $6,838.90; investments, $4,489.47; surplus paid in, $275,000; total, $286,328.37.

Losses: Other sources, $4,500; dividends, $8,000; total, $12,500.

Surplus, December 31, 1918, $42,448.02; increase, $273,-828.37; surplus, December 31, 1919, $316,276.39.