BEST'S INSURANCE REPORTS—FIRE AND MARINE.   499

ATLANTIC MUTUAL FIRE INSURANCE COMPANY,
Juniper and Chestnut Streets, Philadelphia, Pa.

TOTAL ADII13"l'El) ASSETS    $135.354 61)

ADMITTED ASSETS, DECEMBER 31. 1919.
Bonds and stocks owned market value) . .   $10$.485 15

Interest due and accrued thereon    2,165 03

Cash   banks and office    5.194 44

Agents' balances not over three months due   19.509 47

GENERAL REVIEW.

This comp-an' commenced business September 1. 1905, under the title of Cotton Seed Crushers Mutual Assurance Company. The above title was adopted early in 1913. Its president is also president of the Keystone Mutual Insurance Company, the Southern States Mutual, the Slanton Mutual, and the National Mutual Assurance Company, all of Philadelphia.

The company accepts business under two classifications, i. e., Classification " A " and Classification " B."

Class 'A" is confined principally to business written in conjunction with the Factory Mutual Companies on which the premium deposit is based on experience and is several times lugln'r than tariff rates, and upon the expiration or cancellation of the policies, the full unabsorbed premium. less such contribution as may be sirable to the surplus fund, is returned to the assured.

Class " B " comprises a general classification in which all classes, exclusive of Factory Mutual business, are under-written. The rates of premium charged are full tariff, and upon the expiration or cancellation of the policies the re-turn does not exceed 257e, if earned.

Its management is reputable; its ilirecorate includes the principal officers of the leading companies in the cotton oil and fertilizer industries.

The assessment liability is five times the amount of annual premium. It has never made any assessments.

The securities owned are of good character and are remunerative.

The rate of premium deposit returned during 191!) was 75% in class " A," and 25% in class " B."

It is licensed in ill., m(1., 0. Pa. and S. C.

Officers.— President and treasurer. Frederick A. Downes: vice-president, IV. A. \Vitlmerspoon secretary, G. C. Hopson.

Directors.— Frederick A. Downes. president of the company. Philadelphia; W. IV. Hubbard. of The Hubbard Fertilizer Co.. of Baltimore City. Md.; \V. A. IVitherspoon, ot

Strohahar. of Southern Fertilizer & Chemical Co., Savannah. Ga.: Henry H. Lippincott, of I. P. Thomas & Son Co., Philadelphia.   -

Income, 1919.—Gross premiums written, $179,154.11; less return premiums. $32,493.17; total net premiums writ ten, $146,660.94: interest, etc., $5,222 81; other income, $7,965.03; total income, $159,848.78.

Disbursements, 1919.—Net losses paid. $89,453.77: underwriting expenses, $33,117.18; dividends to policyholders, $30,888.75: total disbursements. $153,459.70.

Ratios to Premiums Britten.— Losses paid, 61.0%; incurred, 43.2%; underwriting- expenses. 22.6%; underwriting profit, 35.5%.

.Ratios to Premiums Earned.— Losses incurred. 47.3%; expenses incurred, 19.6%: underwriting profit, 38.8%.

Underwriting Exhibit, 1919.— Premiums earned during 1919. $134,288.90: gain from underwriting profit and loss items. $7,591.96; total. $141,880.86.

Losses incurred during 1919, $63,397.21; underwriting expenses incurred during 1919, $26,393.16; total. $89,-790.37.

Gain from underwriting (luring 1919, $52,090.49. Investment Exhibit, 1919.— Interest. etc.. earned during 1919, $5107.18.

Loss on investments during 1919. $3100.

Gain from investments during 1919, $2,007.18.

   Gain and Loss Exhibit, 1919.— Gains:   Underwriting, $52,090.49; investments, 82,007.18: total. $54,097.67. Loss from dividends, $30,888.75,

Surplus. December 31. 1918. $23,078.32: increase, $23,-208.02: surplus. December 31. 1919. $46,887.24.