588   BEST'S INSURANCE REPORTS—FIRE: AND MARINE.

NATIONAL MUTUAL FIRE INSURANCE COMPANY,

Celina. Ohio.

ADMITTED ASSETS, DECEMBER 31, 1919.

Liberty bonds owned (market value)    $95, 149 00

Interest due and accrued thereon   731 94

Cash in banks and office    20.447 63

Agents' balances not over three months due   28.591 20

fiOTAL ADMITTED ASSETS    $144,919 77

LIABILITIES, DECEMBER 31, 1919.
LOSSI':S:   In process of adjustment, $4.-

664.42; resisted, $1,000; total    $5,664 42

Unearned premiums    108,154 44

Estimated taxes hereafter payable   1,072 95

Contingent commissions, etc   10,006 92

TOTAL LIABILITIES     $124,898 73

NET CASH SURPLUS    20,021 01

TOTAL   $144,919 77

GENERAL REVIEW.

This company was organized under the laws of the State
of Ohio in 1914 and writes general fire. tornado and auto-
mobile fire and theft insurance.

It uses its own rate schedules for automobile insurance,
these being less than conference rates, but on general fire
business stock company rates are used and a 25% dividend
is paid on policies.

No assessment has ever been levied since the company has
operated on the cash in advance plan.

It collects a cash premium in advance and the policy-
holder's liability is equal to and in addition to one annual
premium.

It writes through agents who are paid commissions and
is licensed in Ohio and Indiana.

Under date of March 8, 1920, the general agent, E. J.
Brookhart advised us that the Celina Mutual Casualty
Company had been organized at Celina, Ohio, for the pur
pose of writing full coverage only upon automobiles, and
that the officers, directors and management will be the same
as of the National Mutual Insurance Company of Celina.

Officers.— President, J. D. Johnson ; secretary. E. J.
Brookhart.

E. J. Brookhart is also general agent of the company and
Albert Parsons is assistant general agent.

Income, 1919.—Net premiums written, $216.308.87; in-

terest, eto., $3,098.91; other income, $237.11; total income, $219,644.89.

Disbursements, 1919.— Net losses paid, $62,629.97; un-derwriting expenses, $86,069.62; other disbursements,
$174.37; total disbursements, $148,873.96.

Ratios to Premiums Written.—Losses paid, 28.9%; in
curred, 29.7%; underwriting expenses, 39.8%; underwrit
ing profit, 9.8%.

Ratios to Premiums Earned.—Losses incurred, 37.1%:
expenses incurred, 53.1%; underwriting profit, 9.8%.

Underwriting Exhibit, 1919.—Premiums earned during
1919, $172,838.71; gain-from underwriting profit and loss
items, $170.61; total, $173,009.32.

Losses incurred during 1919, $64,214.46; underwriting
expenses incurred during 1919, $91.884.12; total, $156:
098.58.

Gain from underwriting during 1919, $16,910.74.

Investment Exhibit, 1919.— Interest, etc., earned during
1919, $3,361.25; profit on investments during 1919, $66.50:
total, $3,427.75.

Loss on investments during 1919, $80; investment ex-

penses incurred during 1919, $94.37; total, $174.37.
Gain from investments during 1919. $3,253.38.

Surplus, December 31, 1918, $9,856.92; increase, $10,-

164.12; surplus, December 31, 1919. $20,021.04.

NATIONAL PETROLEUM MUTUAL FIRE INSURANCE COMPANY,

708 So. Washington Square, Philadelphia, Pa.

ADMITTED ASSETS, DECEMBER 31, 1919.

Bonds and stocks owned (market value)   $83. 520 00

Interest due and accrued thereon    1,159 51

Cash in banks and office    32.931 33

Agents' balances not over three months clue   16,612 79

Other admitted assets    1.309 23

TOTAL ADMITTED ASSETS    $135,532 86

LIABILITIES, DECEMBER 31, 1919.
LOSSES: Adjusted, not due, $21,840.68; in
process of adjustment, $19,900; total,

$41,740.68; reinsurance, $22,317.46; net   $19,423 22

Unearned premiums    50, 830 05

Salaries, rents, etc.

Estimated taxes hereafter payable   245 72

Conflagration reserve    1.124 51

Reserve fund interest    5,470 63

Refund to reinsurance subrogation   883 14

TOTAL LIABILITIES    $78,043 45

NET CASH SURPLUS    57.489 41

TOTAL   $135,532 86