BEST'S INSTTRANCE REPORTS—FIRE AND MARINE.   97

CONCORDIA FIRE INSURANCE COMPANY — Continued.

Loss on investments during 1919, $53,814.50: investment   Net Premiums   Net Losses

expenses incurred during 1919. $3,882.35: total. $57,696.85.   MISCELLANEOUS CLASSES:   Written.   Incurred.

Gain from investments during 1919. $109,35S.49.   Motor vehicles    $23, 250 55   $2, 802 53

Gain and Loss Exhibit. 1919.— Gains: Underwriting.   Windstorm and tornado....   72, 366 58   16, 214 46

$178.346.76: investments, $109,358.49; total, $287.705.25   Sprinkler leakage    1.305 65   1,599 08

Loss from dividends. $90,000.   Explosion   4.558 43   4 18
Surplus, December 31, 1918, $503,367.64; increase, $197,-

705.25: surplus, December 31, 1919, $701,072.89.

CONNECTICUT FIRE INSURANCE COMPANY,
30 Trinity Street, Hartford, Conn.

ADMITTED ASSETS, DECEMBER 31, 1919.

Mortgage loans on real estate    $487.300 00

Interest due and accrued thereon   6.498 90

Loans on collateral security    15.000 00

Interest due and accrued thereon   233 75

Bonds and stocks owned (market value)   8.26S.086 00

Interest due and accrued thereon    98.721 35

Cash in banks and office    1.321.999 65

Agents' balances not over three months due   727. 853 94

Bills receivable taken for fire risks    33. 28(1 67

Reinsurance due on losses paid    17.681 93

Other admitted assets    869 90

TOTAL ADMITTED ASSETS    $10, 977. 535 09

GENERAL REVIEW.

History.— This company was incorporated under the laws of Connecticut in June, 1850, and began business in July of the same year with $200.000 authorized capital (par value of shares, $100 each). Its capital was increased from time to time up to December 31. 1905, when it stood at $1,000.000. In 1906 the capital was reduced from $1,000.-000 to $500,000, the difference being transferred to surplus account. At the same time $500,000 of new stock was issued at a premium of $500,000, adding $1,000.000 to the company's resources.

During 1913 control of the company was purchased by interests allied with the Phoenix Insurance Company, of Hartford, Conn. Of the stock of this company, 9.988 shares out of 10,000 are held by the Phmnix Securities Company, a holding 'company which was organaized for that purpose, and which in turn is owned by the Phmnix Insurance Company.

The par value of the stock is $100 per share. .1!anagemrnt and Reputation.—This company is well managed and has made steady progress

The volume of business written is large, hut the liability is widely distributed. Its expense ratio has been slightly

property in Connecticut, Illinois and Minnesota, valued at over twice the amount loaned.

Affiliations.— Eastern Union, Western Union, Western Insurance Bureau, Southeastern Underwriters Association, Board of Fire Underwriters of the Pacific, Rocky Mountain Underwriters Association, 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. Eastern Automobile Underwriters Conference, National Automobile Underwriters Conference. New England Automobile Underwriters Conference, Pacific Coast Automobile Underwriters Conference, Southern Automobile Underwriters Conference and Western Automobile Under-writers Conference.

Classes of Business Written.— Fire, marine, automobile, tornado. tourists baggage, earthquake, hail, explosion, registered mail. war risk and sprinkler leakage insurance.

Territory.— It is licensed in all of the States and Territories except Guam. Philippine Islands. Porto Rico and the Virgin Islands: it also operates in all the Provinces of Canada.

Dig ule ids.— In recent years it has paid dividends as fol-

surance Commissions. The mortgages are upon improved   22.5!'Is : 1918 25%; 1919, 25°x.