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210 PEST'S INSIrRA;\(:'E REPORTS FIRE AND MA I1E.
MANUFACTURERS INSURANCE COMPANY OF AMERICA—Continued.
It transacts a conservative volume of business. Its loss Other income
ratio is low and its expense ratio is very moderate.
The company bears ati excellent reputation concerning
loss settlements.
The securities owned are of good character. The security valuations are those fixed by the Convention of Insurance Commissioners.
Classes of Business Written.—Fire, marine, hail and tornado insurance.
Territory.— It is licensed in Cal., Colo., Conn.. 111., Ind, Mass., N. J., N. Y., Ohio, Tex. and Utah.
Officers.— President, AV. J. Rushton; vice-presidents, John Heist and John P. Boyle; treasurer, F. Al . Pilsbry; assistant treasurer, C. L. Morgan; secretary, H. O. McLain.
Directors.
Becker, V. II., Jr., vice-president Pilsbry. Becker Engineering and Supply- Co., St. Louis, Mo.
Boyle, John P., president Boyle Ice Co.. Chicago, 111. Corroon, R. A., president American Equitable Assurance Co., New York, N. Y.
Ewart, C. B.. vice-president and treasurer Taylor Ewart & Co., Chicago, Ill.
Haegele, John C., president Haegele Ice Co., Chicago, Ill. Heist, John. Brooks Laundry Co.. Calumet Laundry Co., Chicago, Ill.
266 99 $577,054 03•
TOTxi, INCOME
DISBURSEMENTS, 1919. Net losses paid:
Fire and miscellaneous $115, 739 54
Marine and inland 32,379 30
TOTAL $148, 118 84
Underwriting expenses 192, 197 53 Return premiums to policyholders on par-
ticipating policies 14, 187 29
Other disbursements 7,160 80
TOTAL DISBURSEMENTS $361,664 46
Ratios to Premiums Written.— Losses paid, fire, etc., 25.9%; marine, 32.1%; incurred, fire, etc., 33.9%; marine, 55.8%; underwriting expenses, 35.1%; underwriting loss, 0.6%.
Ratios to Premiums Earned.— Losses incurred, 52.5%; expenses incurred, 48.4%; underwriting loss, 0.9%.
_Miscellaneous, 1919.— Net losses incurred, fire and miscellaneous, $151,547.53; marine and inland, $56.350.37; net risks in force December 31, 1919, fire and miscellaneous, $36,018,779; marine and inland, $4,094,182; net premiums in force, fire and miscellaneous, $387,457.75; marine and inland, $45,532.54.
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Luckow, C. T., president Globe Laundry Co., Chicago, Ill. _McLain, A. O., president Railways Ice Co., Chicago, Ill. McLain, H. 0., secretary Manufacturers Insurance Co. |
Underwriting Exhibit, 1919.— Premiums earned during 1919, $395.769.84; loss from underwriting profit and loss | |||||||
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items, $21.75; total, $395,74$.09. Losses incurred during 1919, expenses incurred during 1919, |
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$207,597.90; underwriting $191,497.01 ; total, $399,- | ||||||||
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of America, Chicago, Ill. |
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Parker, James \V.. president Parker Towel Supply Co., | ||||||||
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Chicago, Ill. |
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394.91. Loss from underwriting during 1919, $3,646.82. | |||
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Pilsbry, F. W., general western manager York Mfg. Co. | ||||||||
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(ice machines), Chicago, Ill. |
Investment Exhibit, 1919.— Interest, etc., earned during | |||||||
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Rushton, W. J., ex-president American Association of |
1919, $35.120.70; profit on $262.50 ; total, $35,383.20. |
investments during 1919, | ||||||
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Refrigeration, president Birmingham Ice and Cold Storage Co., Birmingham, Ala. |
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Loss on investments during 191.9, $10,681.46; investment | ||||||||
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Stevenson, S. P., president Stevenson Cold Storage Door |
expenses incurred during 1919, $700.52; total, $11,381.98. | |||||||
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Co., Chester, Pa. |
Gain from investments during 1919, $24,001.22. | |||||||
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Viper. Theodore O., president |
Vilter Mfg. Co. lice ma- |
Gain and Loss Exhibit, 1919.—Gains: Investments, | ||||||
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chines), Milwaukee, Wis. \1'esterlin, John M., president Chicago, Ill. |
$24,00122; increase in paid-up surplus, $140.000; total, $164,001.22. Losses: Underwriting, $3,646.8.2; return premiums to | |||||||
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Westerlin & Campbell Co., | ||||||||
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INCOME, |
1919. |
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policyholders on participating policies, $14,187.29; total, | |||||
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Marine and Inland. |
$17,834.11. Surplus, December 31, 1918, $69,004.77; increase, $146.- | ||||||
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Fire, etc. | ||||||||
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Gross premiums written.. $604, 429 |
47 |
$123.066 |
30 |
167.11; surplus, December 31, 1919, $215,171.88. |
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Less reinsurance 42.030 |
66 |
9.609 |
13 |
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...... Less return premiums.. 115, 644 |
40 |
12, 499 |
30 |
Net Premiums _MISCEI,LANEOIIS CLASSES: Written. |
. Net Losses Incurred. | |||
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Total net premiums.. $446.754 41 |
$100.957 |
87 |
Windstorm and tornado.... $2, 572 91 |
$292 72 | ||||
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Interest, etc |
29,074 |
76 |
Hail 2,472 79 |
1,203 97 | ||||
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