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BEST'S INSURANCE REPORTS—FIRE AND MARINE. 37 7
REPUBLIC FIRE INSURANCE COMPANY — Continued.
Underwriting Exhibit, 1919.— Premiums earned during Loss on investments during 1919, $34,791.10; investment
1919. $735,211.08; loss from underwriting profit and loss expenses incurred during 1919, $4,675.97; total, $39,467.07.
items, $557.39 ; total, $734,653.69. Gain from investments during 1919, $22,259.41.
Losses incurred during 1919, $315.765.56: underwriting Gain and Loss Exhibit, 1919.— Gains: Underwriting,
expenses incurred during 1919, $391,546.56: total, $707,- $27,341.57; investments, $22,259.41; total, $49,600.98.
312.12. Loss from dividends, $23,000.
Gain from underwriting during 1919, $27,341.57. Surplus, December 31, 1918, $194,073.78; increase, $26,-
Investment Exhibit, 1919.— Interest, etc., earned during 608.98; surplus, December 31, 1919, $220.674.76. 1919, $55.346.05: profit on investments during 1919, $6,-
380.43: total. $61,726.48.
RETAILERS' FIRE INSURANCE COMPANY,
319-322 Mercantile Bldg., Oklahoma City-, Okla.
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ADMITTED ASSETS, DECEMBER 31, 1919. |
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LIABILITIES, DECEMBER 31, 1919. |
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Mortgage loans Interest due and accrued thereon Oklahoma county warrants Interest due and accrued thereon Liberty Bonds and W. S. S Interest due and accrued thereon Cash in banks and office Agents' balances not over three months due. Money paid on mortgage loans uncompleted. TOTAL ADMITTED ASSETS |
$255,541 3, 528 4, 406 326 38, 334 251 21. 307 12. 1SO 4, 603 $340.4S0 |
64 25 72 76 00 30 89 06 55 17 |
Unearned premiums Funds held under reinsurance treaties Other liabilities |
$72,049 5.227 2,313 |
35 03 77 15 00 02 17 |
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TOTAL LIABILITIES, except capital CAPITAL PAID UP NET SURPLUS |
$79, 590 104, 790 156. 100 | ||||
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TOTAL |
$340,480 | ||||
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GENERAL REVIEW. |
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The securities owned consist of IT. S. Liberty bonds and | ||
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History.— This company was incorporated |
under |
the |
War Savings stamps. The mortgage loans are on farm | ||
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laws of Oklahoma in August, 1910. and began business in September. 1911. It was organized under the auspices of |
lands valued at $372.000. Classes of Business Written.— Fire and tornado. |
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the Oklahoma_ Retailers' Association. Its authorized capital is $250,000. of which $50.000 was paid in when the company began business Its stock ($10 par value) was sold at $20 per share. $5 of which was used for organization expenses.
In July. 1912, the company was completely reorganized and new officers elected. The officers connected with the company during its promotion period were eliminated and all stock-selling contracts canceled. All stock disposed of in the fixture will be sold by the company.
During 1914 the paid-in capital was increased to $50,-800. During 1915 the paid-in capital was increased to $79230. and $17,475 was added to surplus account. In 1916 the capital was increased to $121,200. and $22,741.67 surplus was collected. During 1917 the capital was reduced to $104.560 by the cancellation of $16.640 of the capital stock, the company exchanging therefor certain securities which it considered not altogether desirable to retain. It states that this transaction reduced the surplus $11.145. In 1918, the capital was increased to $104.790.
Management and Reputation.— The company has grown steadily, and its business in recent years has been profitable. It has a board of directors and an advisory board consisting of prominent merchants of the State of Oklahoma, and is. we are advised, the official fire insurance company of the Kansas Retailers Association.
The business of the company comes principally from the better class of merchants and their friends, and so far the loss ratio each year has been very low. Most of the business consists of insurance on brick buildings, stocks of goods in brick buildings, and the better class of dwelling houses.
On December 31, 1919, the directors owned $45.850, par value. of the capital stock then outstanding.
Territory.— Its operations are confined to Oklahoma, Nebraska and Kansas.
Officers.—President, A. M. Greiner; first vice-president, Louis Berlowitz; second vice-president, J. S. Peter; secretary, M. E. Fruin; treasurer, T. T. Eason; manager, W. E. Hitchcock: assistant manager, P. J. Slater.
Advisory Board and Directors.
Bunning. A. T . Guthrie. Okla.
Egnew, A. L., Stroud, Okla.
Fillows. W. R.. Stillwater, Okla.
Freeman, Chas. R., Checotah. Okla.
Hill, Frank L., Nowata, Okla.
Holbrook, Dr. R. W., Perkins, Okla.
Houghton, F. E., Guthrie. Okla.
Katz, Jacob, Stillwater, Okla.
Kraft, Frank, El Reno. Okla.
I.arsh, D. L.. Norman, Okla.
McElhinney, J. A, Oklahoma City, Okla.
Miller. Sam. Stillwater, Okla.
Montgomery, D. M.. Marlow, Okla.
Montgomery, R., Marlow, Okla.
Porter. John W., Muskogee, Okla.
Schlegel, O. U.. Tulsa. Okla.
Stevenson, W. W., Blackwell, Okla.
Wade, T. L., Marlow. Okla.
Wagner, James H., Watonga, Okla.
Walters, L. T., Ada, Okla.
Woods, B. D., Hydro, Okla.
Special Agents.— E. L. McEl•ain, Topeka. Kan., for the State of Kan.
Thos. H. Turk, Omaha, for the State of Nebraska. Stockholders' Annual Meeting.— Third Wednesday in January.
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