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
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