:;7S   BEST'S INSURANCE REPORTS—FIRE AND :MARINE.

R1:TAILERS' FIRE INSURANCE COMPANY— Continued.

INCOME, 1919.

Gross premiums written    $214. 700 15

Less reinsurance    44,505 32

Less return premiums    26.271 75

Total net premiums    $143.920 SS

Interest, etc   14.953 01 Increase in liabilities during the year on ac-

count of reinsurance treaties    5.227 03

Other income    19.086 S3

TOTAL INCOME    $183,192 75

DISBURSEMENTS, 1919.
Net, losses paid   $31,457 28

Underwriting expenses    79.845 07

Other disbursements    1.317 76

TOTAL. DISBURSEMENTS    $112,620 11

Ratios to Premiums Written.—Losses paid. 21.8%; incurred, 14.6%; underwriting expenses, 55.5%: underwriting profit, 31.1%.

Ratios to Premiums Earned.—Losses incurred, 15.7%; expenses incurred. 59.5%; underwriting profit, 33.4%.

Miscellaneous, 1919.—_Net losses incurred, $20.999.33: net risks in force December 31, 1919, $11.781,045: net premiums in force, $144,364.56.

Underwriting Exhibit, 1919.— Premiums earned (luring 1919. $134,006.59: gain from underwriting profit and loss items. $11.561.90; total, $145,568.55.

Losses incurred during 1919, $20,919.53; underwriting expenses incurred during 1919. $79,845 07: total, $100,-844.60.

Gain from underwriting during 1111. $44,723.98. Investment Exhibit, 1119.—Interest, etc.. earned during

1919. $16,104.62; profit on investments during 1910, $6.-

339.76; total, $22,444.38.

Investment expenses incurred during 1019, $841.28. Gain from investments during 1919, $21,603.10.

Gain and Loss Exhibit, 1919.— Gains: Underwriting, $44.723 98; investments, $21,603.10: total, $66,327.08. Loss from other sources, $5.622.80.

Surplus. December 31. 1918, $95,395.22; increase, $60,-704.S0; surplus, December 31, 1919, $156.100.02.

RHODE IS L AN ll INSURANCE ('OJI P-ANY,
17 Custom House Street, Providence, IL I.

ADMITTED ASSETS, DECEMBER 31, 1919.

TOTAL ADMITTED ASSETS    2,766,175 25

GENERAL REVIEW.

Ilistory.—This company was incorporated under the laws of Rhode Island in April, 1905, with an authorized capital of $300,000, and, commenced business January 16. 1907, with its capital fully paid in and with a surplus of $300,000.

Its capital was increased to $400,000 (luring 1912, the new stock being sold at par. In 1917 the capital was in-creased to $5 00,000, the stock being allotted to present stockholders at par.

In 1919 the capital was increased to $600,000, the new stock being sold at par.

The company guarantees policies entitled " Rhode Island Underwriters."

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

,1Ganayenicnt and Reputation.— The company has excel-lent local hacking and its officers are experienced under-writers. Its directors are substantial and of high business standing.

The company's stock is rather closely held. On December 31, 1919, the directors owned $265,500, par value of the $600,000 capital stock.

LIABILITIES, DECEMBER 31, 1919. LOSSES: Adjusted, not due, $59,095.98; in

process of adjustment, $307,005.29; re-

sisted, $4,965.11; total, $371,065.3S: rein-

surance, $205.231.71; net    $165,834 67

Unearned premiums    1,278,020 60

Dividends to stockholders unpaid    15.000 00

Estimated taxes hereafter payable    50, 000 00

Contingent commis-ions, etc   135.506 52

TOTAL LIABILITIES. except capital   $1,644,361 79

CAPITAL PAID UP    600.000 00

N E' SURPLUS    521. 813 46

TOTAL...   $2. 766.175 25

es_

Its loss paying record is excellent. The expense of management has been moderate, and the loss ratio has been low. The company writes rather a large volume of business in proportion to its capital and surplus.

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

Affiliations.— Western Insurance Bureau, Board of Fire Underwriters of the Pacific, Rocky Mountain Underwriters Association.

Classes of Business Written.—Fire, war risk, explosion, tornado and sprinkler leakage insurance.

Territory.— It is licensed in Ala., Cal., Colo., Conn., Del., D. C., Fla.. Ga., Ill., Ind., Ia., Kan.. Ky., La., Me., Md., Mass , Mich., _Minn., Mo., Mont., Neb., N. H.. N. J., N. Y., N. C., N. D., O., Okla., Ore., I'a., R. I., S. C., S. D., Tenn., Utah, Vt., Va., Wash., W. Va. and Wis.

Dividends.— It has paid dividends of 10% each year from 1908 to 1918. inc., 1919. 12.5%.

Officers.— President, George L. Shepley; vice-president and secretary, E. C. Pieper: assistant secretaries, Tunis Johnson. Jr. and W. O. Wilson.