220   BEST'S INSURANCE REPORTS — FIRE AND MARINE.

LIVERPOOL AND LONDON AND GLOBE INSURANCE COMPANY, LTD.,
Liverpool, England.

UNITED STATES BRANCH, 80 WILLIAM STREET, NEW YORK, N. Y.

ADMITTED ASSETS, U. S. BRANCH, DECEMBER 31, 1919.

TOTAL ADMITTED ASSETS    $18.710, 036 65

LIABILITIES, L. S. BRANCH, IJECEIIBER 31, 1919: LOSSES: Adjusted, due, $29,882.84; not due, $116,289.67; in process of adjustment, $2,642.245; resisted, $202,820; total, $2,991,237.51; reinsurance, $1,496,549.03; net   $1,494,688 48

Unearned premiums: Fire and miscellaneous, $10.054,616.27; inland navigation,

$521,694.14; marine, $24,251.87; total... 10, 600. 562 28

Amount reclaimable on perpetual deposits   169, 892 13

Sal ries, rents, etc    17,795 1S

Estimated taxes hereafter payable    541.245 77

Contingent commissions, etc    112, 250 78

Reserve for unknown liabilities    20, 000 00

Net premium reserve on life business    3, 000 00

TOTAL LIABILITIES, except statutory

capital deposit    $12,959.434 62 STATUTORY CAPITAL DEPOSIT, $400,000. NET SURPLUS. U. S. Branch, including

statutory capital deposit   5,750,602 03

TOTAL   $18, 710, 036 65

GENERAL REVIEW.

History.— This company was established in 1S36. Its authorized capital is £3,000,000 ($15,000.000), of which £265,525 ($1,327,625) has been paid in. In addition the company has issued £1,256,495 in debenture stock, making its total paid-in capital £1,522,020.

It entered the United States in 1848 and owns the Star Insurance Company of America, of New York, the Globe Indemnity Company of New York, and the Thames and Mersey Marine Insurance Co., Liverpool.

In 1919 the Royal Insurance Company. Liverpool, England, acquired control of this company, which will continue to operate as a separate institution.

Home Office Resources.— All assets of the company (other than life insurance funds) are liable for the payment of losses, wherever incurred. We therefore present the following information from the Home Office balance sheet, which includes all its assets and liabilities: Assets, December 31, 1918, $87,090,000; capital paid in, including 4% debenture stock. $7,610,100; surplus, $23.301,540.

Management and Reputation.— This company is in excel-lent repute both at home and abroad. It is well and conservatively managed and bears an excellent reputation in the matter of loss settlements.

The company's operations in the United States have been very profitable. Its expenses of operation have been very moderate, and its average loss ratio is low.

Its investments are of excellent character. The Security valuations in this statement are those fixed by the Convention of Insurance Commissioners.

Directors in New York.—Waller C. Hubbard, Thatcher M. Brown, William H. Wheelock and Edward W. Shedan.

Branch offices are maintained in New York, Chicago, San Francisco and New Orleans with the following managers: New York, Hugh R. Loudon; Chicago, William S. Warren; San Francisco, Thos. H. Anderson; New Orleans. Clarence F. Low.

_Sir. Hugh R. Loudon is attorney-in-fact for the United States. The ocean marine department is in charge of Frank H. Cauty.

Affiliations.— Eastern Union, Western Union, Southeast-ern Underwriters Association, Board of Fire Underwriters of the Pacific, Rocky Mountain Underwriters Association, Eastern Automobile Underwriters Conference,. National Automobile Underwriters Conference, New England Auto-mobile Underwriters Conference, Pacific Coast Automobile Underwriters Conference, Southern Automobile Underwriters Conference. Western Automobile Underwriters Conference.

Classes of Business Written.— Fire, life and marine insurance and general casualty lines.

In the United States it writes fire. marine and inland, war risk, automobile, property damage, tornado, sprinkler leakage, tourists' baggage, hail, explosion, earthquake, reqistered mail, riot and civil commotion insurance.

Territory.— It operates throughout the United Kingdom and the British possessions, and in France, China, Japan and North and South America. In the United States it is licensed in all the States and Territories.