A.M. Best Fire and Marine Insurance Companies (1919)

BEST'S INSURANCE REPORTS — FIRE AND MARINE. 481

\WHEELING FIRE INSURANCE COMPANY—Continued.

Directors.— Underwriting expenses

Bieberson, Henry, retired. Dividends to stockholders

Driehorst, F. C., president Half Dollar Savings Bank. Other disbursements

Hess, Henry, gents furnishing store.

Kirbach, Win. A., wholesale notion store. Usterling, Dr. H. E., local physician.

Reymann, Anton, retired.

Stifel, Wm. F., senior member Calico Print Works.

Stifel, George E., president George E. Stifel Co., retail dry goods.

Welty, Wm., retired.

Stockholders' Annual Meeting.— Last Tuesday in January.

General Agents.— estern Department, Herrick Se Auerbach, Chicago, for Illinois and Wisconsin.

INCOME, 1919.

Gross premiums written	$356.862 77
Less reinsurance	68.256 93
Less return premiums :	53,	949 83
Total net premiums	$234,	656 01
Interest, etc	30,	285 62
Increase in liabilities during the year on ac- count of reinsurance treaties .... ;
	18,788 31
Other income	744 60
TOTAL INCOME	$284.474 54
DISBURSEMENTS, 1919. Net losses paid	$98,433 64

110,503 31 16.000 00 7,870 06

TOTAL DISBURSEMENTS $232,807 01

Ratios to Premiums Written.—Losses paid, 41.9%; incurred, 44.9%; underwriting expenses, 47.1%; underwriting profit, 9.9%.

Ratios to Premiums Earned.—Losses incurred, 42.0%; expenses incurred, 48.7%; underwriting profit, 9.3%.

Miscellaneous, 1919.— Net losses incurred, $105,509.36; net risks in force December 31, 1919, $40,410,437; net premiums in force, $438,144.97.

Underwriting Exhibit. 1919.—Premiums earned during 1919, $251.168.63: loss fronr underwriting profit and loss items. $2.29: total, $251.166.34.

Losses incurred during 1919, $105,509.36; underwriting expenses incurred during 1919. $122,303.31; total, $227,-812.67.

Gain from underwriting during 1919, $23,353.67.

Investment Exhibit, 1919.— Interest, etc., earned during 1919, $30,367.27; profit on investments during 1919, $744.60; total, $31,111.87.

Loss on investments during 1919, $17,320; investment expenses incurred during 1919. $5,356.66: total, $22,676.66. Gain from investments during 1919, $8.435.21.

Gain and Loss Exhibit, 1919.— Gains: Underwriting, $23,353.67; investments. $8.435.21: total. $31,788.88. Loss from dividends, $16,000.

Surplus, December 31, 1918. $151,268.98: increase, $15,-785.88: surplus, December 3]. 1919, $167.057.86.

of J. L. Stifel & Sons,

YANG-TSZE INSURANCE ASSOCIATION, LIMITED,
Shanghai, China.

L NITED STATES BRANCH, 3 SOUTH WILLIAM STREET, NEW YORK.

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

Bonds and stocks owned (market value) ..	$785, 450 00
interest due and accrued thereon	8,748 97
Agents' balances not over three months due.	102. 400 92
Reinsurance recoverable on losses paid	12, 227 36
Other admitted assets	840 00

TOTAL ADMITTED ASSETS $1,165.556 49

LIABILITIES, U. S. BRANCH, DECEMBER 31, 1919.
Unpaid losses $618,114 44

Unearned premiums: Inland navigation,

$140,095.81: marine, $20.39813; total 160, 493 94

Eetin ated taxes hereafter payable 18,223 18,L 98

TOTAL LIABILITIES, except statutory

capital deposit $796,832 36 STATUTORY CAPITAL DEPOSIT, $200,000

NET SURPLUS, U. S. Branch, including

statutory capital deposit 368, 724 13

TOTAL $1,165.556 49

GENERAL REVIEW.

History.— This company was established in 1862.

It entered the United States in December, 1907) to write marine insurance.

Home Office Resources.— All assets of the company are 1i..ble for the payment of losses incurred here. The Home Office balance sheet, which includes all its assets and liab1itic s showed: Admitted assets. December 31. 1915, $7,-

432.955; capital paid in, $720,000; reserve fund, $1,000,000; reinsurance reserve fund, $1,000,000; • working account, 1918. 82,614.060.

_Management and Reputation.— The company is in excellent repute at its home, and its United States managers are in high standing. They act also as United States marine managers for toe Union Insurance Society of Canton, Ltd.. Piet ii Kong, China. but the company expects soon to