ADMITTED ASSETS, DECEMBER 31, 1919.
Real estate owned (market value) $412, 500 00
Rents due and accrued 334 50
Mortgage loans on real estate 130,500 00
Interest due and accrued thereon 3,245 14
Bonds and stocks owned (market value) 20, 710, 311 25
Interest due and accrued thereon 90,713 92
Cash in banks and office 2,402,809 88
Agents' balances not over three months due 1,681.007 33
Bills receivable taken for fire risks 430, 635 92
Reinsurance due on losses paid 6.342 60
Other admitted assets 1, 101 05
TOTAL $25,869,501 59
Deduct excess of bills receivable not past
due over unearned premium 53,239 67
TOTAL ADMITTED ASSETS $25,816,261 92
History.— This company was formed in February, 1910, by the consolidation of the Fidelity Fire Insurance Company, organized in June, 1906, and the Phenix Insurance Company, of Brooklyn, N. Y., which began business September 10, 1853, and which had a paid-in capital of $1,-500,000. The Fidelity Fire was organized with $1,000,000 capital, $1.000,000 surplus, and a special fund of $500,000 to provide for tilt creation of the unearned premium re-serve. The merger became effective March 1, 1910. None of the executive officers of the Phenix Insurance Company is connected with the enlarged company.
The Continental Insurance Company and the American Eagle Fire Insurance Company, of New York, are under the same management as this company.
This company and the Continental Insurance Company guarantee policies entitled " Fidelity Underwriters," issued in Canada only.
The par value of the stock is $100 per share.
Management and Reputation.—The company has made excellent progress and ranks as one of the leading coin-