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

BEST'S INSURANCE REPORTS = FIRE AND _MARINE. 79

CHRISTIANIA GENERAL INSURANCE COMPANY — t e tinued.

Ratios to Premiums Written.— Losses paid, 34.2%; in- Investment Exhibit. 1919.— Interest, etc., earned during

curred, 38.5%; underwriting expenses, 32.3%; underwrit- 1919, $138,137.68: profit on investments during 1919,

$41.2.50: total. $138,550.18.

Loss on investments during 1919, $50,911.94; Investment expenses incurred during 1919, $3,409.27; total. $54,321.21. Gain from investments during 1919, $54.228.97.

Gain and Loss Exhibit, 1919.—Gains: Underwriting. $71.223.85; investments, $84,228.97; remitted from Home Office, $59,764.$4; total, $215,217.66.

Loss from remittance to Home Office, $18,810.25.

Surplus, including deposit capital. U. S. Branch, December 31. 1918, $886,464.93; increase, $196,407.41; surplus, including deposit capital, U. S. Branch. December 31, 1919, $1,052,872.34.

CITIZENS' INSURANCE COMPANY
Pierce Building, St. Louis, Mo.

ADMITTED ASSETS, DECEMBER 31, 1919.			LIABILITIES, DECEMBER 31, 1919.
Mortgage loans on real estate	$41,100	00	LOSSES: Adjusted, not due, $76,646.71; in
Interest due and accrued thereon	330	80	process of adjustment, $218,563.39; re-
Bonds and stocks owned (market value) . - -	481, 910	00	listed, $7,700; total, $302,910.10; reinsur-
Interest due and accrued thereon	8, 819	57	anee, $265,831.27; net	$37, 078	83
Cash in banks and office	390. 987	17	Unearned premiums	236.332	47
Agents' balances not over three months due.	138, 468	75	Estimated taxes hereafter payable	7,009	00
			Funds held under reinsurance treaties	249, 157	66
			TOTAL LIABILITIES, except capital.	$529,568	96
			CAPITAL PAID UP	200, 000	00
			NET SURPLUS	332, 047	33
TOTAL ADMITTED ASSETS $1.061.616		29	TOTAL $1,061,616		29

ing profit, 1.9%.

Ratios to Premiums Earned.— Losses incurred, 49.6%; expenses incurred, 47.9%; underwriting profit, 2.5%.

3fiscellaneos, 1919.—Net losses incurred, $1.409.522.03; net risks in force December 31, 1919, $412,558,492; net premiums in forces $3,803,469.08.

Underwriting Exhibit, 1919.— Premiums earned during 1919, $2,843,711.34.

Losses incurred during 1919, $1,409,822.03; underwriting expenses incurred during 1919, $1,362,665.46; total, $2,-772,487.49.

Gain from underwriting during 1919. $71,223.85.

GENERAL REVIEW.

History.— This company began business in 1837. In 1899 it passed into the control of persons identified with the Hartford Fire Insurance Company, Hartford. Conn., one of the strongest of the American companies, and it is under the same management as that company. During 1906 $35,000 additional surplus was paid in.

At the end of 1914 practically all of its outstanding business was reinsured in the Hartford Fire. The greater part of all the business written is reinsured. In 191S and 1919 all of the marine business was reinsured.

The paid-in capital of the company is $200.000. The par value of the stock is $100 per share.

tanagement and Reputation.—The company is in excel-lent repute and is under the same management as the Hart-ford Fire Insurance Co.. a large and reputable institution.

Its expense of operation has been moderate and its aver-age loss ratio about normal.

Its investments are excellent. The security valuations in this statement are those fixed by the Convention of Insurance Commissioners.

The mortgages are upon St. Louis property. valued at over twice the amount loaned.

Its loss paying record is excellent.

Affiliations.— Eastern Union. Western Union, Southeast-ern Underwriters Association. Board of Fire Underwriters of the Pacific, Rocky Mountain Underwriters Association.

Classes of Business 1Vritten.—Fire and marine insurance.

Territory.— It is licensed to operate in all the States and Territories except Del , Guam. Hawaii.' N. M., the Philip-

pines, Porto Rico. Vt. and Wyo. It is also licensed in
British Columbia.

Dividends.—It paid dividends ranging from 3% to 7% per annum up to 1899. when it paid $150,000: none was pr.id thereafter until 1908, when 8% was paid. In 1909 it paid 8%: 1910, 11%, and in 1911 and 1912, 12%. in 1913 it paid 11%; in 1914, 9%. and in 1915, 591/2%; 1916, S.5% ; 1917, 13.5%; 1918 and 1919, 8%.

Officers.— President. Chas. E. Chase ; vice-presidents, R M. Bissell and J. H. Carr: secretary. P. O. Crocker. Directors.

Bissell, 11. M.. president of the Hartford Fire Ins. Co. Carr, J. H., general agent Hartford Fire Ins, Co. Ca-e. F. C., fire insurance.

Chase.' C. E., chairman of the board of directors Hartford Fire Ins. Co.

Crocker, P. O.. secretary.

Dugan, A. (... general agent Hartford Fire Ins. Co. Gordon, George. fire insurance.

Prescott. W. R., genera: agent. Atlanta.

Tenner, J, E., fire insurance.

Whitehill, T. H.

Stockholders' Annual J(eeting.—First Monday in April. General Agencies.

Western Department, Dugan & Carr. general agents. Chicago. Ill.

Pacific Department, Dixwell Hewitt. general agent, San Francisco. Cal

Southern Department, W. R. Prescott, general agent. .Atlanta.,Ga.

Eastern Department. Thos. H. Scotland, general agent, Hartford, Conn.