net hail losses incurred were $23,89252. The volume of business transacted is conservative.
In 1915 and 1919 a good underwriting profit was made. The company's loss ratio and expense of operation itt 191S and 1919 were low.
Its loss paying reputation is excellent.
The company's investments are of good character. The security valuations used are those fixed by the Convention of Insurance Commissioners. The mortgage loans are se-cured by property. mostly in Kentucky, valued at over twice the amount loaned.
Affiliations.— Eastern Union. Western Union. Rocky Mountain Underwriters Association.
Classes of Business Written.— Fire, hail and tornado insurance.
Territory.— It is licensed in Colo.. Ill.. Ind., Ia., Ky., Mass., _Mich , N. J.. N. F.. O., Pa., Tenn. and Wis.
Diriclends.—It paid dividends of $20,000 in 1913 and $45.000 in 1914: 1915, 1916 and 1917. none; 1918, 3%: 1919. none: total dividends paid since organization, $97,389.
Officers.— President. H. M. F roman : vice-president and treasurer. J. L. Watkins: manager, Claude F. Snyder; secretary, F. G. Stilz.
Blackburn, F. R., Stanton. Ky,. merchant.
Brock; W. B.. Lexington, Ky., insurance.
Dorman. J. R., High Bridge, Ky.. vice-president and general manager American Stone Ballast Co.
Dorsey. L. L.. Anchorage, Ky., farmer.
Durham. J. R.. Springfield, Ky.. farmer.
Fisher, F. M., Paducah, Ky., president Ohio Valley F. & M. Ins. Co.
Fromm), H. ML. Lexington. Ky.. farmer.
Fullerton. E. E.. Greenup. Ky.. lawyer.
Gaines. P. B . Carrollton, Ky.. farmer.
Gaines, \V. A.. Burlington, Ky.. farmer.
Gooding. L. P . Lexington. Ky., hardware.
Haas, Adam C.. Newport. Ky , insuranee.
Hornsby, 'F. L.. Eminence. Ky., farmer.
Letterlee. J. T.., Harrods Creek. Ky., farmer.
Marshall. Louis. Versailles. Ky.. cashier Woodford Bank Trust Co.
McGregor. T B.. Frankfort. Ky., lawyer.
Morris, C. H.. Frankfort. Ky.. lawyer.
O'Rear. E. C.. Frankfort. Ky.. lawyer.
Scott, J. T., physician. Williamstown. Ky.