500   BEST'S INSURANCE REPORTS —FIRE 1-XD MARINE.

ATLANTIC 1\11"TT"1L FIRE INSURANCE COMPANY,
19 Bay Street, East, Savannah, Ga.

ADMITTED ASSETS, DECEMBER 31, 1919.

Real estate owned (market value)    $32, 745 22

Mortgage loans on real estate    112,699 06

Interest due and accrued thereon   60,0 00

Loans on collateral security    1.700 00

Interest clue and accrued thereon   100 00

Bonds and stocks owned (market value)    61, 280 7'5

Interest due and accrued thereon   500 00

Cash in banks and office    34,553 89

Agents' balances not over three months due   38. 627 85

War Savings Stamps    840 00

Other admitted assets    429 00

TOTAL ADMITTED ASSETS    $284.075 77

NET CASH SURPLUS

   83,040 S

TOTAL    $284, 075 77

GENERAL REVIEW.

This company \vas organized January 26th, and began business February 13, 1905. It has a paid-in guarantee fund of $100.000. It was formerly the German Mutual. Fire Insurance Company, but the present title was adopted during 1917. It writes fire, tornado and automobile insurance.

The company is not a member of any rating association, but advised us that it writes at full tariff rates. The assessment liability of members is an amount equal to one extra premium. The company since organization has not levied any extra assessments.

It is licensed only in Georgia. North and South Carolina. but has been writing " surplus lines " on woodworking risks through the Lumber Insurers General Agency Company, 43 Cedar street, New York. The largest net amount insured in any one hazard is $5,000.

The company has paid dividends to policyholders each year since organization. In recent years the rate has been 25%.

The real estate owned consists of two office buildings, carried at $32,745.22. The mortgage loans are first liens upon Savannah improved real estate. The company advised us that all loans are investigated and inspected by the directors.

The collateral loan is apparently well secured. We have been advised by the company that this loan has been paid since December 31, 1919. The bonds and stocks owned are local in character.

Ofjieers.—President, C. H. Konemann; vice-president, Nicholas Lang; secretary, Fred Wessels, Jr.; assistant secretary, Jos, A. Palmer; treasurer. John F. Lubs; attorney, U. II.:NIcLaws.

Directors.— J. H. H. Entleman. president Commercial Bank, Savannah. Ga.; Cord Asendorf. capitalist, Savannah, Ga.; H C. Brinkman, president Southern Savings & Loan Co, Savannah. Ga.: C. H. Schroder, president Schroder-Schnaars Grocery Co., Savannah, Ga.: H. J. Schnaars. vice-president Schroder-Schnaars Grocery Co., Savannah, Ga.; M. Blumenthal, merchant, Savannah, Ga.: H. H. Geffken,

merchant, Savannah, Ga.; Carl Mendel, president Mendel Real Estate & Investment Co., Savannah, Ga.; John D. Siem, real estate, Savannah, Ga.; R. W. Farr, real estate, Savannah, Ga.; J. F. Heitman, merchant, Savannah, Ga.; U. H. McLaws, attorney at law, Savannah, Ga.; Fred Wessels. Jr., secretary of company, Savannah, Ga.; Jno. F. Lubs, merchandise broker, Savannah, Ga.; Nicholas Lang, merchant, Savannah, Ga.; C. H. Konemann, president of company, Savannah, (3a.; Geo. S. Clarke, real estate.

Income, 1919.—Gross premiums written, $224,034.36; less reinsurance, $69,093.14; less return premiums, $37.215.75; total net premiums written, $117,722.47; gross increase in stocks, $5,000: interest, etc., $12,312.67: commissions received from reinsurance connections. $7,000; increase in liabilities during the year on account of reinsurance treaties, $21,493.73: total income. $163.528.87.

Disbursements, 1919.— Net losses paid, $34,904.40: underwriting expenses, $55,555 22; dividends to policyholders, $.5.55325; other disbursements, $7,365.79; total disbursements. $103,378.66,

Ratios to Premiums Written.—Losses paid, 29.6%; incurred, 30.6%_ underwriting expenses. 47.2%; underwriting profit, 17.3%.

Ratios to Premiums Earned.— Losses incurred, 33.8%; expenses incurred. 53.0%: underwriting profit, 19.1%.

t'ntlerwritilig Exhibit. 1919.— Premiums earned during 1919. $106,631.35; gain from underwriting profit and loss items, $6,426.52: total, $113,057 85.

Losses incurred during 1919, $36,083 09: underwriting expenses incurred during 1919, $56,555.22; total. $92,638.3I.

Gain from underwriting during 1919, $20,419.56.

Investment Exhibit, 1919.—Interest, etc., earned during 1919. $12,512.67: profit on investments during 1919, $5,000: total, $17.512.67.

Loss on investments during 1919, $100; investment expenses incurred during 1919, $194.03: total, $294.03.

Gain from investments during 1919. $17,218.64.

Surplus, December 31, 1918. $58.032.62; increase, $25r 01319; surplus, December 31, 1919. $83,045.81.