66   BEST'S INSURANCE REPORTS —FIRE AND -MARINE.

CANADA WEATHER INSURANCE COMPANY,
Toronto, Ontario, Canada.

GENERAL REVIEW.

History.— This company was incorporated in June, 1908, with an authorized capital of $500,000, of which, at last advices, $119,000 had been subscribed and $77,12$ paid in. It began business in February, 1910. It insures against injury to property caused by cyclones, tornadoes, wind-

storms, frost or hail, except with respect to property in transit on water.

The company does not respond to our requests for in formation, and we therefore cannot present a complete report upon it.

CANADIAN FIRE INSURANCE COMPANY,
333 Main Street, Winnipeg, Manitoba, Canada.

ADMITTED ASSETS, DECEMBER 31, 1919.

Real estate owned (market value)    $125, 000 00

Mortgage loans on real estate   694,623 58

lntyrest accrued thereon    946 58

Bonds and stocks owned (market value)    727, 997 55

Interest due and accrued thereon   2,663 27

Cash in banks and office    54,079 64

Agents' balance not over three months due   65, 836 1S

Balance due by reinsuring companies   6, 321 5S.

Victory bonds purchased    3.625 00

Other admitted assets    27 68

TOTAL ADMITTED ASSETS    $1,681,115 06

LIABILITIES, DECEMBER 31, 1919.

Losses in process of adjustment   $10,488 75

Unearned premiums    262, 860 61

Estimated taxes hereafter payable    27, 064 53

Funds held under reinsurance treaties   79,492 11 Employees profit fund (balance undis-

tributed)   6,385 59

TOTAL LIABILITIES, except capital.   $386,291 59

CAPITAL PAID UP    1,000,000 00

NET SURPLUS    294, 823 47

TOTAL   $1.681,115 06

GENERAL REVIEW.

History.— This company was organized under the laws of the Province of Manitoba in 1895 with $500,000 authorized capital. By the year 1901 it had a paid-in capital of $110,000, which has been increased by stock dividends as follows: 1902, $15,000; 1904, $125,000: 1908, $250,000; 1917, $500,000, making the present capital $1,000,000.

The par value of the stock is $50 per share.

In 1897 the company received a Dominion charter.

Management and Repnlation.—The company is conservatively managed, and its operations have been very profit-able. It is backed by substantial interests.

On December 31, 1919, the directors owned $271.300, par value. of the capital stock.

Its directors control the stock of the Canadian Indemnity Company, and are large holders in the Great West Life Assurance Co., of Winnipeg. C. S Riley is manager of both this company and the Canadian Indemnity Cownpaim.

The company is in excellent repute concerning its general treatment of loss claims. Its management expenses are low, and its loss ratio has been much below the average. The volume of business written is conservative and in pro-portion to the company's net resources.

From 1913 to 1916, inc., cash dividends of 10% were paid to stockholders. In 1917 the rate was 12%; 191S, 6.5%; 1919, 8%.

The securities owned are of good character, The real estate owned is the head office building property.

Affiliations.— Canadian Fire Underwriters Association. Western Canada Fire Underwriters Association, Mainland Board of Fire Underwriters, New Brunswick Board of Fire Underwriters. Nova Scotia Board of Fire Underwriters.

Classes of Business Written.—Fire and automobile insurance.

7'erritory.—It operates in Newfoundland and throughout Canada except in the Province of New Brunswick.

Officers.—President, J. H. Ashdown: vice-president and managing director, R. T. Riley; manager, C S. Riley: assistant manager, A. L. Dennison; secretary. J. A. Dowier-

Directors.

Aikins, Sir J. A. M., barrister, Winnipeg, Man.

Ashdown, J. H., president and wholesale merchant, A\ innipeg, Man.

Campbell, R. J., wholesale merchant.

Crowe, G. R., grain merchant.

Galt, John, wholesale merchant, Winnipeg, Man. Hastings, G. V.. capitalist, A\innipeg, Man.

Riley, R. T., vice-president of company and manager Northern Trust Co.. Winnipeg, _Man.

Stockholders' Annual Meeting.— Second Tuesday in February.

General Agents.

Saunders & Dulfus, Halifax, for Nova Scotia.

Percie Johnson, St. Johns, Newfoundland, for Newfoundland.

Branch Offices.—Toronto, F. N. Boyd, manager; Calgary, A. W. Phelps, manager.

INCOME, 1919.

Gross premiums Written    $598,965 57

Less reinsurance    162,412 38

Less return premiums    69, 608 21

Total net premiums    $366,944 98

Interest, etc   75.092 52

Other income   158 62

TOTAL INCOME       $442,196 12
DISBURSEMENTS, 1919

Net losses paid   $123,429 7S

Underwriting expenses    133.363 SS

Dividends to stockholders    80.000 00

Decrease in liabilities during the year on

account of reinsurance treaties    

TOTAL DISBURSEMENTS    

Ratios to Premiums Written.—Losses paid, 33.6%; incurred, 33.6%; underwriting expenses, 36.3%. Miscellaneous, 1919.— Net losses incurred, $123,429.78; net risks in force December 31, 1919. $44,553,780; net premiums in force, $611,715.64.

763 75 $337,557 41