BEST'S INSURANCE REPORTS-FIRE AND MARINE.   477

WESTERN ASSURANCE COMPANY —Continued.

Its investments are high grade. The security valuations   Cal., for Alaska, California, Nevada, Oregon, Washington.

L, B. Leigh & Co., general agents, Little Rock, for Arkansas.

Chas. E. Wickham, general agent, New York City, for New York City, New York Suburban and New Jersey (except Atlantic City and Jersey City).

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 Association, Canadian Fire Underwriters Association, Western Canada Fire Underwriters Association, Mainland Board of Flre Underwriters, New Brunswick Board of Fire Underwriters, Nova Scotia Board of Fire Underwriters.

United States Trustee.—United States Mortgage and Trust Company. 55 Cedar street, New York City.

Classes of Business IVritten.— It writes fire, marine, tornado, explosion, riot, civil commotion and strike insurance.

Territory.—It operates in Canada, Newfoundland, West Indies and the United States. The company also has a branch office in London, England. through which business is transacted in Great Britain and Ireland, France, Holland, Denmark, Australia and parts of Asia and Africa.

In the United States it is licensed in all States and Territories except Vermont. Guam, New Mexico, Philippine Islands and the Virgin Islands.

Officers.— President and general manager, \V. B. Meikle; secretary, C. S. Wainwright.

D irecto rs.

Aird. Sir John, general manager Canadian Bank of Commerce, Toronto.

Bickerdike. Robert, director Canada Lif, Assurance Co., Montreal, P. Q.

Brock. Lt.-Col. Henry. president W. R. Brock Co., Ltd., Toronto.

Cooper. Alfred. Grahams & Co.. East India merchants, London and India.

Cox, H. C., president Canada Life Assurance Co., Toronto. Fulton. J. H., executive manager National City Bank of New York, New York City.

Hay, E., director Imperial Bank of Canada. Toronto, Canada.

Ilanna, I), B., president Canadian National Hallways, Toronto.

Hoskin, John, K. C , LL. D., president Canada Landed and National Investment Company, Toronto.

Miller, Lash, Z. A., K. C.. LL. D., vice-president National Trust Co., Toronto.

INCOME, U. S. BRANCH, 1919.

Marine

   Fire, etc.   and Inland.

Gross premiums written.. $3,822,670 16   $2,769,192 49

Less reinsurance    1,313,486 62   1,433.567 43

Less return premiums..   856, S66 62   170, 562 35

Total net premiums.. $1,652,316 92   $1,165,062

Interest, etc   172.430

Remittances from Home Office    5.924

Other income    13,738

TOTAL INCOME    $3,009,473

DISBURSEMENTS, U. S. BRANCH, 1919. Net losses paid:

Fire and miscellaneous    $827.433 SI

Marine and inland    746,715 63

TOTAL    $1,574,149 49

Underwriting expenses    1,064,832 29

Remittances to Home Office    52, 719 64

Other disbursements ...:   12,932 05

TOTAL DISBURSEMENTS    $2,704,633 47

Ratios to Premiums Written.—Losses paid, fire, etc., 50.1%; marine, 64.1%; incurred, fire, etc., 43.7%; marine, 81.5%: underwriting expenses, 37.8%; underwriting profit, 2.9%.

Ratios to Premiums Earned.—Losses incurred, 59.8%; expenses incurred, 37.7%; underwriting profit, 2.9%.

Miscellaneous, 1919.— Net losses incurred, fire and miscellaneous, $721,617.11; marine and inland, $949,722.40; net risks in force December 31, 1919, fire and miscellaneous, $297,036,725; marine and inland, $52.067,356: net premiums in force, fire and miscellaneous, $2,955,860.12; marine and inland, $499,243.26.

Underwriting Exhibit, 1919.— Premiums earned during 1919, $2,794,637.82; gain from underwriting profit and loss

71 61 0.2 97

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