BEST'S INSURANCE REPORTS-FIRE AND MARINE.   61

CALIFORNIA INSURANCE COMPANY — Continued.

Ratios to Premiums Earned.—Losses incurred, 42.3%; expenses incurred, 53.3%; underwriting profit, 4.2%.

Miscellaneous, 1919.—Net risks in force December 31, 1919, fire and miscellaneous, $130,841,140; marine and in-land, $13,367,81.2; net premiums in force. fire and miscellaneous, $1,560,622.42; marine and inland, $345,269.63.

Underwriting Exhibit, 1919.—Premiums earned during 1919, $1,218,047.12; loss from underwriting profit and loss items, $878.18; total, $1,217,168.94.

Losses incurred during 1919, $515,856.64; underwriting expenses incurred during 1919, $649,229.65; total, $1,165,-086.29.

Gain from underwriting during 1919, $52,082.65.

Investment Exhibit, 1919.—Interest, etc., earned during 1919. $92,534.03; profit on investments during 1919, $19,-797.86; total, $112,331.89.

Loss on investments during 1919, $46,936.29; investment expenses incurred during 1919, $15,573.75; total, $62.510.04. Gain from investments during 1919, $49,521.85.

Gain and Loss Exhibit, 1919.—Gains: Underwriting, $52,082.65; investments, $49,821.85; other sources, $1,-885.95; total, $103,790.45.

Surplus, December 31. 1918, $589,931.88; increase, $103,-790.45: .surplus, December 31, 1919, $693,722.33.

Officers.— President, C. J. Holman; vice-president, W. E. Dean; secretary and treasurer, George W. Brooks; assistant secretaries, A. N. Lindsay and B. A. Sitford.

D i rectors.

Buckbee, S. C., real estate, San Francisco, Cal.

Dean, W. E., vice-president of company; capitalist; San Francisco, Cal.

Haas, A.. merchant, San Francisco, Cal.

Joni s, Chas. I-I., hanker, Oakland, Cal.

Moffitt, J. K., vice-president and cashier First National

lank. San Francisco, Cal.

Morrow, W. IV , judge U. S. Circuit Court San Francisco, Cal.

Niebling, E. T., retired.

Oliver. B. P., real estate, San Francisco, Cal. Palache, \\-llitnew, U. S. general manager Union Assurance Co.

Thomas, A\ i:lian, attorney, San Francisco, Cal.

General Agencies and Departments.— Rocky Mountain Department, Gerald L. Schuyler, manager, Denver, Colo.; Canadian Department, A. W. Ross, chief agent, Vancouver, B. C.; Eastern Department, Whitney Palache, general agent, 55 John street, New York City; with H. C. Eddy, Clark & Monroe streets, Chicago, Ill., acting as general agent of the western portion of Whitney Palache's territory: Nevada, Robert Carlson, general agent, Reno. Nev.; Arizona, E. M. Davis, general agent; Florida, J. H. Norton & Co., Jacksonville, Fla.; Georgia, John C. Whitner & Co., Atlanta, Ga.; Louisiana and Mississippi, L. Monrose & Sons. New Orleans, La., New England States, Simpson, Campbell & Co., Boston, Mass.; Alabama. Thames & Batre, Mobile, Ala.; N. C., S. C. and Va., Harry R. Bush, Greensboro, N. C.; Oklahoma and accepted reinsurance in Colo. and Wyoming, J. F. Edmonds; Toronto, Ont., Geo. R. Hargraft & Co.; Hotchkiss Frost Co., El Paso, for Tex. and La. (automobile only) ; Del., Md.. W. Va. and D. C., Albert G. Hancock, general agent.

,Stockholders' Annual Meeting.—Third Monday in

February.

INCOME, 1919.   Marine

   Fire, etc.   and Inland.

Gross premiums written.. $2.225.251 12   $518. 993 74

Less reinsurance    641.982 64   23.833 59

Less return premiums..   523.601 23   92.386 27

Total net premiums.. $1, 059, 667 25   $402, 773 SS

Interest, etc   94.438 22

Other income    16.083 39

TOTAL, INCOME    $1,572.962 74

DISBURSEMENTS, 1919. Net losses paid:

Fire and miscellaneous    $391,480 70

Marine and inland    111,953 26

Tolima    $503,433 96

Underwriting expenses    614.229 65

Other disbursements    70,338 06

TOTAL DISBURSEMENTS    $1,188,001 67

Ratios to Premiums Written.— Losses paid, fire, etc., 36.9%; marine, 27.8%; incurred, 35.3%; underwriting expenses. 42.0%; underwriting profit, 3.5%.

   Net Premiums   Net Losses

MISCELLANEOUS CLASSES:   Written.   Incurred.

Motor vehicles    $40.2.773 88   $124,787 06

Windstorm and tornado....   2,543 92   29 18

ADMITTED

Bonds and stocks owned (market value)    

Interest due and accrued thereon    

Cash in banks and office     Agents' balances not over three months due.

tither admitted assets    

TOTAL ADMITTED ASSETS    $87,364 42

LIABILITIES, CANADIAN BRANCII, DECEMBER 31, 1919. LOSSES:   Adjusted, due, $3,043.60; in

process of adjustment, $1,966; total   $5,009 60

Unearned premiums .... r    31, 303 88

Salaries, rents, etc   725 47

Estimated taxes hereafter payable    1, 100 00

Funds held under reinsurance accounts   1,490 47

TOTAL LIABILITIES, except capital.   $39, 629 42

NET SURPLUS. Canadian Branch    47, 735 00

TOTAL   $87,364 42

INCOME, CANADIAN BRANCII, 1919.

Total net premiums written    $65, 335 84

Interest, etc   2.711 53

TOTAL INCOME    $68,047 37

DISBURSEMENTS, CANADIAN BRANCII, 1919.

Net losses paid    $25.544 72

Underwriting expenses    21,991 18

TOTAL DISBURSEMENTS    $47,535 90

Miscellaneous, Canadian. Branch, 1919.— Net losses incurred, $18.340.59; net risks in force December 31, 1919, $4,917,205.81; net premiums in force, $76,122.10.

of Appeals, Commercial

CANADIAN BRANCH.

ASSETS, CANADIAN BRANCII, DECEMBER 31, 1919.

$58,930 00

1,075 00 16, 063 39 10,296 03

1, 000 00