| Previous | Index | Next |
BEST'S INSURANCE REPORTS—FIRE AND MARINE. 215
LAW UNION AND ROCK INSURANCE COMPANY, LTD.—Continued.
|
sago, Ill.; Pacific Department, Sam B. Stop, San Francisco, Cal.; Hawaii, Theo. H. Davies & Co, Ltd., Honolulu, H. I. |
net risks in force December 31, 1919, $95,711,864; net pre- miums in force, $1,014,105.24. | ||
|
|
|
|
Underwriting Exhibit, 1919.— Premiums earned during |
|
INCOME, U. S. BRANCH, 1919. |
|
|
1919, $577,563.14; loss from underwriting profit and loss |
|
Gross premiums written |
$1,462,069 |
75 |
items, $5.854.17: total, $571,708.97. |
|
Less reinsurance |
522.507 |
39 |
Losses incurred during 1919, $320,728.52; underwriting |
|
Less return premiums |
396,012 |
38 |
expenses incurred (luring 1919, $274,446.52; total, $595,- |
|
|
|
|
175.04. |
|
Total net premiums |
$543, 549 |
98 |
Loss from underwriting during 1919, $23.466.07. |
|
Interest, etc |
53.823 |
98 |
Investment Exhibit, 1919.— Interest, etc., earned during |
|
Received from Home Office |
126.440 |
89 |
1919. $54,982.21. |
|
Loss on investments during 1919, $32,205; investment | |||
|
TOTAL INCOME |
$723.814 |
85 |
expenses incurred during 1919, $1,607.06; total, $33,812.06. |
|
|
Gain from investments during 1919, $21,170.15. | ||
|
DISBURSEMENTS, U. S. BRANCH, 1919. |
|
Gain and Loss Exhibit, 1919.— Gains: Investments, | |
|
Net losses paid |
$323, 376 |
12 |
$21,170.15; remitted from Home Office, $126,440.89; total, |
|
Underwriting expenses |
265,786 |
48 |
$147,611.04. |
|
Losses: Underwriting, $23.466.07; remitted to Home | |||
|
Remitted to Home Office |
79, 884 |
41 | |
|
Other disbursements |
2,147 |
91 |
Office, $79,884.41; total, $103,350.48. |
Surplus, including deposit capital, U. S. Branch, Decem-
TOTAL DISBURSEMENTS $671, 188 92 ber 31, 1918, $798,720.11; increase, $44.260.56; surplus, in-
Ratios to Premiums Written.—Losses paid, 59.5%; in- 'eluding deposit capital, U. S. Branch, December 31, 1919, curred, 59.0%; underwriting expenses, 48.9%; underwrit- • $842,980.67.
ing loss, 4.3%. Net Premiums Net Losses
Ratios to Premiums Earned.—Losses incurred, 55.5% ; MISCELLANEOUS CLASSES: Written. Incurred.
expenses incurred, 47.5%; underwriting loss, 4.0%. Windstorm and tornado.... $34 28
Miscellaneous, 1919.—Net losses incurred, $320,728.52; Sprinkler leakage 1 87
LEGAL INSURANCE COMPANY, LIMITED,
London, England.
GENERAL REVIEW.
History.— This company began business in 1908. Its authorized capital is £1.000,000, of which, at last advices, £500.000 had been subscribed and £100,000 paid in.
The company has £400,000 subscribed capital subject to call.
Management and Reputation.— It is controlled by the Royal Insurance Company. Ltd., of Liverpool, England, a large and reputable institution.
On June 15, 1900, it commenced writing " surplus lines "
in the United States through Fred S. James & Go. 123 William street, New York, who advised us that they hold power of attorney to accept service in case of disputes in this country and that they keep sufficient funds on hand for the payment of all ordinary losses. Fred S. James & Co. are in excellent repute.,
As stated above, it is controlled by the Royal Insurance Company, Ltd.. one of the strongest companies in the world. Classes ,of Business TVritteu.—Fire, personal accident, burglary, fidelity, liability and plate glass insurance.
LIBERTY FIRE INSURANCE COMPANY,
207-209 West Market Street, Louisville, Py.
|
ADMITTED ASSETS, DECEMBER 31, 1919. |
|
LIABILITIES, DECEMBER 31, 1919. |
|
| |
|
Mortgage loans on real estate Interest due and accrued thereon Loans on collateral security Bonds and stocks owned (market value) Interest due and accrued thereon Cash in banks and office First lien notes |
$180,478 2,747 76,310 119,628 317 5,495 183,745 |
71 48 00 25 68 80 O8 00 |
Unearned premiums Due for borrowed money |
$29, 7 71 60, 000 |
26 00 26 00 74 00 |
|
TOTAL LIABILITIES, except capital CAPITAL PAID UP NET SURPLUS |
$89.771 200. 000 278,951 | ||||
|
TOTAL ADMITTED ASSETS |
$568. 723 | ||||
|
TOTAL |
$568, 723 | ||||
|
GENERAL REVIEW. |
|
capital was later increased by a stock dividend of $100,000. | |||
|
History.— This company was incorporated |
in March, |
The par value of stock is $100 per share. | |||
1854. but did not commence business until November, 1858. The authorized capital is $200,000, of which $100,000 was paid in, in cash, when the company began business. The
Until 1918 its corporate title was German Insurance Company.
Management and Reputation.— The company has sub-
| Previous | Index | Next |