BEST'S INSURANCE REPORTS — FIRE AND MARINE.   397

SCOTTISH UNION AND NATIONAL INSURANCE COMPANY, Edinburgh, Scotland.

UNITED STATES BRANCH, 75 ELM STREET, DARTFORD, CONN.

ADMITTED ASSETS. U. S. BRANCH, DECEMBER 31, 1919.

TOTAL ADMITTED ASSETS    $7,974.869 SO

GENERAL REVIEW.

History.— This company was established in 1824. Its authorized capital is £6,000,000, of which £5,103,000 has been subscribed and £300,000 ($1,500,000) paid in.

Policies issued under the title " British Underwriters Agency " are issued by the United States Branch of this company.

The United States Branch of this company and that of the State Assurance Company, Limited, of Liverpool, England, are under the same management.

Home Office Resources.— All assets of the company (other than life insurance funds) are liable for the payment of losses incurred here. The Home Office balance sheet, which includes all its assets and liabilities, showed the following: Assets, December 31, 1918, $61.333,260: capital paid in, $1,500,000; surplus, $8,708,565.

Management and Reputation.— The company is in excel-lent repute and has built up a large and profitable business. The volume of business written in the United States is conservative and the underwriting operations ss a whole have shown a good profit in recent years.

The company's loss paying reputation is excellent under all conditions. The expense of management of the United States Branch has been moderate, and its average loss ratio normal. In 1918 and 1919 the loss ratio was low. Its surplus was decreased $720,154.27 in 1919. but it remitted to the Home Office $1.113,736.31 net during the year.

The largest item of real estate is an office building and land at 75 Elm street. Hartford. carried at $193,842.05. The other items are frame dwellings in Minnesota, carried at cost.

The mortgages are mostly small loans upon improved property in Hartford.

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

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

LIABILITIES, U. S. BRANCH. DECEMBER 31, 1919. LOSSES: Adjusted, not due, $236,953; in

Canadian Fire Underwriters Association, Western Canada Fire Underwriters Association, Mainland Board of Fire Underwriters, New Brunswick Board of Fire Underwriters, Nova Scotia Board of Fire Underwriters, Eastern Automobile Underwriters Conference, National Automobile Under-writers Conference, New England Automobile Underwriters Conference, Pacific Coast Automobile Underwriters Conference, Southern Automobile Underwriters Conference, Western Automobile Underwriters Conference.

United States Manager.— James H. Brewster, Hartford, Conn.; assistant manager, J. H. Vreeland.

United States Trustees.— Morgan G. Bulkeley, Hartford, president -Etna Life Insurance Company ; Meigs H. Wimples. Hartford, president The Connecticut Trust and Safe Deposit Company; Morgan B. Brainard, Hartford, vice-president _Etna Life Insurance Company.

Classes of Business Written.— Accident and health, burglary. plate glass, liability, workmen's compensation insurand fidelity bonds.

In the United States it writes fire, marine. earthquake, sprinkler leakage, hail, explosion, automobile and tornado insurance.

Territory.—The United States Branch is licensed in all the States and Territories except Guam, Kansas, N. D., Porto Rico. S. D., Vt. and the Virgin Islands. It also operates throughout Canada.

General Agents.

H. W. Fores, San Francisco, for Cal., Ariz. and Nev. H. C. Hare & Co., Jacksonville, for Florida.

Trezevant & Cochran, Dallas, for Texas, Okla. and Ark. Thompson. Derr & Bros.. Wilkes-Barre, Pa.