BEST'S INSURANCE REPORTS--FIRE AND MARINE.   327

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ORIENT INSURANCE COMPANY, 20-22 Trinity Street, Hartford, Conn.

TOTAL ADMITTED ASSETS    $5,207.263 OS   TOTAL   : $5,207,203 OS

GENERAL REVIEW.

History.— This company was incorporated under the laws of Connecticut June 28. 1867, with an authorized capital of 82,000.000. It began business in January. 1572, with $500,000 capital paid in. ,In April. 1881, its capital was increased to $1,000,004). During 1893 it incurred and paid very heavy losses, and its capital was reduced from $1,000,000 to $500,000.

In July, 1900, control of the company was secured by the London and Lancashire Fire Insurance Company. Ltd., of Liverpool, a large and responsible company. During 1909 $200,000 was paid into surplus account by the stock-holders.

In 1913 the capital was increased from $500,000 to $1,-000,000 by a stock dividend.

The par value of the stock is $100 per share.

Management and Reputation.—The company is operated by, amid is under the some management as, the United States branch of the London and Lancashire Fire Insurance Company, Ltd., and is in excellent repute.

The volume of business written is conservative in pro-portion to the company's net resources The company's average loss and expense ratios are normal. Its under-writing since the change in ownership has been profitable.

The company's general loss paying record is excellent.

Its investments are high grade. The security valuations in this statement are those fixed by the Convention of Insurance Commissioners.

The real estate consists of property at 20 and 22 Trinity street, Ilartford, on which is built a fire-proof building, occupied as the Home Office of the company.

Affiliations.— Eastern Union. Western Union, Southeast-ern Underwriters Association, Board of Fire Underwriters of the Pacific. Rocky Mountain Underwriters Association.

Classes of Business 1l-ritten.—File, marine and inland, tourists' baggage, explosion, sprinkler leakage, earthquake, tornado and automobile insurance.

Territory.— It is licensed in all States and Territories except Alaska, Del., Guam, Porto Rico and the Virgin Islands.

Dividends.— In recent years it has paid dividends as follows : 1912, 201'X. ; 1913, stock dividend of 100%; 1914, none; 1915 to 1919, inclusive, 10%.

Officers.— President, A. G. _Mellwaine, Jr.; vice-president and secretary. Henry W. Gray, Jr.

Directors.

Dox, Charles E., manager Western Department, Chicago, Ill.

Fothergill, J. V., assistant secretary of company.

Gray, Jr., Henry W., vice-president and secretary of company.

_Mcllwaine, Jr., A. G., president of company.

Murphy, A. H., assistant secretary of company.

Pearce, E. E., 57 William street. New York.

Rutter, F. W. P., general manager London & Lancashire Fire Insurance Co., Ltd., Liverpool, England.

Scholl. C. F., assistant secretary of company.

Stoy, Sam B., manager Pacific Department, San Francisco, Cal.

Stockholders' Annual Meeting.— First Tuesday in February.

Departments.— Western Department, Chicago, 111., Chas. E. Dox. manager; Pacific Department, San Francisco, Cal., Sam B. Stoy, manager.

INCOME. 1919.   Marine

   Fire, etc.   and Inland.

Gross premiums written.. 83,725.077 84   $848, 364 51

Less reinsurance    1.023, 586 32   189, 961 68

Less return premiums..   600, 379 62   141, 478 47

Total net premiums.. $2,101.111 90   $516,924 36

Interest, etc   192,293 55

TOTAL INCOME    $2,S10,329 81

DISBURSEMENTS. 1919.

Net losses paid:

Fire and miscellaneous    $695, 34S 31

Marine and inland   229,450 48

TOTAL   $924,798 79

Underwriting expenses    1,101,243 69

Dividends to stockholders    100,000 00

Other disbursements    16,736 03

TOTAL DISBURSEMENTS    $2,142,778 51
Ratios to Premiums Written.— Losses paid, fire, etc., 33.1%; marine, 44.4%; incurred, 36.7%; underwriting expenses, 42.1%; underwriting profit, 10.2%.