BEST'S INSURANCE REPORTS—FIRE AND MARINE.   253

MID-\WEST FIRE INSURANCE COMPANY—Continued.

Territory.— Illinois only.   Interest, etc   

Officers.— President, J. W. Ireland; vice-president. J. S.   Surplus paid in by stockholders     Fraser; treasurer, John L. Pipe; secretary, L. R. Hether-

ington.

Directors.— Directors consist of the officers above and,

Frazier, Thos. J., farmer and stockman, Quincy, 111. Lummis, Elmer, postmaster, Quincy, Ill.

Shriver, Louis C., farmer and stockman, Quincy. Ill.

Thompson. J. G., banker-manager, State Street Bank, Payson. Ill. Insurance, Payson, Ill.

Inghram, John T., County Attorney, Adams County, attorney-at-law, Quincy, Ill.

Stockholders' Annual Meeting.— Fourth Tuesday in January,

1. 151 04 21,001 33

INCOME. 1919.   Marine

   Fire, etc.   and Inland.

   Gross premiums written ..   $11.606 48   $269 46

Less reinsusauce    1, 321 85

   Less return premiums..   1,039 10

   Total net premiums...   $9.245 53   $269 46

TOTAL INCOME    $31,667 36

DISBURSEMENTS, 1919.

Net losses paid    none

Underwriting expenses    $5,211 42

TOTAL DISBURSEMENTS    $5, 211 42
Miscellaneous, 1919.— Net risks in force December 31, 1919, fire and miscellaneous, $580,994; marine and inland, $17,000: net preminums in force. $9,245.53; marine and inland, $269.46.

Underwriting Exhibit, 1919.— Premiums earned during 1919, $3,967.66.

Underwriting expenses incurred during 1919. $8,787.44. Loss from underwriting during 1919, $4,819.78. Investment Exhibit, 1919.— Interest etc., earned during 1919, $2,196.63.

Investment expenses incurred during 19'19, $87.59. Gain from investments during 1919. $2,109.04.

named

MILAN INTERNATIONAL REINSURANCE COMPANY, LTD.,

Milan, Italy.

UNITED STATES BRANCH, 3 SOUTH \WILLIAM STREET, NEW YORK, N. Y.

ADMITTED ASSETS, U. S. BBANCH, DECEMBER 31, 1919.
Bonds and stocks owned (market value)...   $714,146 00

Interest due and accrued thereon    9,510 20

Cash in banks and office    214,352 38

Agents' balances not over three months due.   108, 687 94

TOTAL ADMITTED ASSETS    $1,046,696 52

LIABILITIES, U. S. BRANCH, DECEMBER 31, 1919. Losses adjusted, due    $62,187 10 Unearned premiums: Inland navigation,

$10.679.41: marine, $66,523.88; total   77, 203 29

Estimated taxes hereafter payable    3,894 62

TOTAL LIABILITIES, except statutory

capital deposit    $143,285 01 STATUTORY CAPITAL DEPOSIT, $400,000. NET SURPLUS, U. S. Branch, including

statutory capital deposit    903,411 51

TOTAL   $1,046,696 52

GENERAL REVIEW.

History.— This company was licensed by the New York Insurance Department October 30, 1919, to transact the business of fire and ocean marine insurance.

Management and Reputation.—The United States manager is Willcox, Peck & Hughes, one of the oldest and largest insurance firms in New York.

The Lincoln Trust Company of New York has been appointed United States trustee.

In accordance with the Insurance Law requirement the company has deposited with the Superintendent of Insurance United States Liberty Loan 41/a% bonds to the amount of $425.000. The United States Trustee holds as security for the benefit of the stockholders United States Liberty Loan 4%% bonds to the amount of $225,000 and Italian War Loan Perpetual 5% bonds to the amount of $186,220.

It is licensed in New York State only.

INCOME, I.I. S. BBANCH, 1919.

Gross premiums written    $204, 897 46

Less return premiums    49, 112 70

Total net premiums    $155. 784 76

Interest, etc   -1, 413 48

Received from Home Office    1,02'6,620 26

TOTAL INCOME    $1,180.991 54

DISBURSEMENTS, U. S. BRANCH, 1919.

Net losses paid    $120 70

Underwriting expenses    47, 309 12

TOTAL DISBURSEMENTS    $47,429 82
Ratios to Premiums Written.— Losses paid, 0.07%; incurred. 40.0%; underwriting expenses. 30.4%; underwriting loss. 22.4%.