BEST'S INSURANCE REPORTS—FIRE AND MARINE.   501

ATLANTIC MUTUAL INS LR ANCE COMPANY,
51 Wall Street, New York, N. Y.

ADMITTED ASSETS, DECEMBER 31, 1919.

Real estate owned (market value)    $3,900,000 00

Rents due and accrued    22,636 86

Bonds and stocks owned (market value)   10, 172. 896 58

Interest due and accrued thereon    78,590 66

Cash in banks and office    2,972,965 52
Bills receivable taken for marine and inland

risks   2, 269, 205 63

Funds in hands of foreign bankers    262,907 35
Statutory deposit with the State of Queens-land, Australia

   4,760 00

Suspense real estate, Staten Island    75,000 00

Interest due and accrued on other assets   137 70
Reinsurance on paid losses in companies au-

thorized in New York    145.786 26

TOTAL ADMITTEll ASSETS    $19,904,891 56

LIABILITIES, DECEMBER 31, 1919. LOSSES: Adjusted, due, $192,31.2.04; not

due, $167,835.43; in process of adjustment, $4,974,412.53; total, $5,334,560; re-

insurance, $722,425; net    $4,612,135 011

Unearned premiums    1,095,369 .57

Interest due and accrued    50,786 47

Salaries, rents, etc   13. 621 44

Estimated taxes hereafter payable    130.000 00

Contingent commissions, etc   136,176 65
Principal unpaid on certificates of profits

ordered to be redeemed    274,241 48
Reinsurance and return premiums due other

companies   742,020 97

Income tax withheld at the source   1, 369 70

Outstanding certificates of profits    5,834,490 00
Surplus on redemption of withheld certifi-

cates of profits    22,592 54

TOTAL LIABILITIES    $12.962,80.3 82

NET SURPLUS    6,942,087 74

TOTAL   $19,9.04,891 56

GENERAL REVIEW.

This company began business July 1. 1842. It is one of the strongest of the marine insurance companies and is in excellent standing.

It is licensed in California. Massachusetts, New York and Pennsylvania.

Its investments are of excellent character.

The principal item of real estate is the company's Home Office building at Wall and William streets, carried at $3.900,000.

Officers.— President, Cornelius Eldert; first vice-president, Walter Wood Parsons; second vice-president, Charles E. Fay; third vice-president, William D. Winter; secretary, G. Stanton Floyd-Jones.

Trustees.— Edmund L. Bayles, John N. Beach, Nicholas Biddle, George M. Boardman, James Brown, John Claflin, J. William Clark, Frederic A. Dallett, Cleveland H. Dodge, Cornelius Eldert, G. Stanton Floyd-Jones, Philip A. S. Franklin, Samuel H. Gillespie, Herbert L. Griggs, Samuel T. Hubbard, Charles D. Leverich, Henry Forbes McCreery, Frank C. Munsan. Nicholas F. Palmer. Walter Wood Par-sons, Charles A. Peabody, William R. Peters, James H. Post, Charles M. Pratt, Dallas B. Pratt. John J. Riker, Justus Ruperti, William Jay Schieffelin. Samuel Sloan, William Sloane, Louis Stern, William A. Street, George E. Turnure. George C. Van Tuyl, Jr., Richard H. Williams, Richard Young.

Income, 1919.—Gross premiums written, $7,494,488.53; less reinsurance, $1,650,375.53; less return premiums, $316,-856.19; total net premiums written, $5,527,256.81; interest, etc., $934.253.64; other income, $4,993.18; total income, $6,466,503.63.

Disbursements, 1919.— Net losses paid, $2,135,916.28; underwriting expenses, $929,838.92; scrip or certificates of profits redeemed in cash and interest paid to scripholders, $2,798,000; other disbursements, $343,639.08; total disbursements, $6,207,394.28.

Ratios to Premiums Written.—Losses paid, 38.6%; incurred, 45.4%; underwriting expenses, 16.8%; underwriting profit. 33.0%.

Ratios to Premiums Earned.—Losses incurred, 49.1%; expenses ineurrcd, 13.2%; underwriting profit, 35.7%.

Underwriting Exhibit, 1919.— Premiums earned during 1910, $5,108,182.07; loss from underwriting profit and loss items, $101,969.78; total, $5.006,212.29.

Losses incurred during 1919,.$2,507,420.33; underwriting expenses incurred during 1919, $673,608.03; total, $3,181,-028.36.

Gain from underwriting during 1919, $1,825,183.93. Investment Exhibit, 1919.—Interest, etc., earned during 1919. $915,956 81; profit on investments during 1919, $101,-209.20; total, $1,017,166.01.

Loss on investments during 1919, $500; investment expenses incurred during 1919. $232,817.58; total, $233,317.58. Gain from investments during 1919, $783,848.43. Gain and Loss Exhibit, 1919.— Gains: Underwriting, $1,525,183.93; investments, $753,848.43; total, $2,609,032.36. Losses: Dividends of interest declared on certificates of profits less amount unpaid, $665.20, $368,000; dividends, $2,180,780; total, $2,548,780.

Surplus, December 31, 1918, $6,881,835.38; increase, $60,-252.36; surplus, December 31, 1919, $6,942,087.74.