590   BEST'S INSURANCE REPORTS —FIRE AND MARINE.

NEBRASKA NATIONAL INSURANCE COMPANY— Continued.

considerable insurance experience. He has been president
of this company for the past sixteen years. He is Chief
Deputy Fire Commissioner of the State of Nebraska.

The secretary has a contract with the company whereby
he receives 40% of the net premiums collected during the
year, and 5% of the premiums upon risks reinsured, out of
which all salaries of officers and office employees, and other
expenses, including State and Federal taxes, are paid.

The unearned premium reserve of but $48,613.28 appears
low in proportion to net premiums of $285.357.58 written
in 1919.

Officers and Directors,—President, E. D. Beach. Lincoln;
vice-president, John A. Wachter, Lincoln; secretary and
treasurer, P. F. Zimmer, Lincoln; Peter Richling, Creighton,
Neb., and ,Henry Nest, Scribner, Neb.

Income, 1919.— Gross premiums written, $465,658.43;
less reinsurance, $166,180.19; less return premiums, $11,-
120.06; total net premiums written, $288,357.58; interest,
etc., $3,605.30; judgment, $500; reinsurance and contingent
commissions, $8,794.97; total income, $301,257.85.

Disbursements, 1919.—Net losses paid, $113,789.03; un-

derwriting expenses, $116,051.11; dividends to policyholders,
$4,611.23; interest on surplus notes, $3,919.47; total dis
bursements, $238,370.84.

Underwriting Exhibit, 1919.—Premiums earned during
1919, $263,507.52; loss from underwriting profit and loss
items, $11,140.36; total, $252,367.16.

Losses incurred during 1919, $117,184.53; underwriting
expenses incurred during 1919, $113,890.97; total, $231,-
075.50.   ,

Gain from underwriting during 1919, $21,291.66.
Investment Exhibit, 1919.— Interest, etc., earned during
1919, $1,125.86.

Gain from investments during 1919, $1,125 86.

Surplus, December 31, 1918, $95,106.01; decrease, $18,-
316.29; surplus, December 31, 1919, $76,789.72.

Business from Organization.—Net premiums and assess
ments, $1.250,289.65; net losses paid, $616,786.16; dividends
to policyholders, $5,966.94; average dividend, 20%.

Percentage of cash premiums returned during the yeas
on expiring policies as dividends or profits, viz.: One year,
20%; two years, 20%; three years, 20%.

NEW BRUNSWICK MUTUAL FIRE INSURANCE COMP \N Y, New Brunswick, N. J.

This company was incorporated under the laws of the
State of New Jersey, February 20, 1846, and commenced
business May 23, 1846. It writes fire insurance under an
assessment plan, collecting a small cash premium in ad
vance.

It is licensed in New Jersey only.

Its statement as of December 31, 1919. shows: Total
cash assets, $140,536.60; contingent assets (premium
notes), $13,081.59; unearned premiums. $2,180 27; net cash
premiums, $1,303.40; net losses paid, $105.50.

NEW CASTLE COUNTY MUTUAL INSURANCE COMPANY,
1011 Market Street, Wilmington, I)el.

ADMITTED ASSETS, DECEMBER 31, 1919.

Mortgage loans on real estate    $10, 200 00

Loans on collateral security    200 00

Bonds and stocks owned (market value)    195, 245 35

Cash on hand    3,282 05

Other admitted assets    I00 00

TOTAL ADMITTED ASSETS    $215, 027 43

LIABILITIES, DECEMBER 31, 1919.

Unpaid losses    $700 00

TOTAL LIABILITIES    $700 00

NET CASH SURPLUS    214.327 43

TOTAL   $215, 027 43

GENERAL REVIEW.

This company was incorporated in January, 1849, and
commenced business a year latter. It is licensed only in
Delaware.

The company states that its rates are about the same
as the stock companies charge. It pays 25% to policy-
holders and whatever over that is earned is placed in the
contingent fund. It has never levied any extra assessments.

On December 31, 1919, it had insurance in force amount
ing to $11,7755,563.

Officers.—President, Samuel G. Cleaver; vice-president,
Charles C. Kurtz; secretary and treasurer, B. G. Strickland.

Directors.— C. Wesley WeIdin, Joseph L. Carpenter. Jr..
George T. Brown, Charles E. Dubell, Joshua E. Smith,
Charles C. Kurtz, James B. Oberly, John Richardson, Jr.,
George G. Lolxlell, Jr.. John S. Rossell, Samuel G. Cleaver,
Wm. Winder Laird, Edgar L. Haynes, William B. Mesear,

Income, 1919.— Total net premiums received, $33,713.45;
interest, etc., $10,356.05; other income, $3,080.25; total
income, $47,149.75.

Disbursements, 1919.—Net losses paid, $12,799.89; un
derwriting expenses, $16,225.42; other disbursements,
$133.70; total disbursements, $29,159.01.