B'EST'S INSURANCE REPORTS—FIRE AND MARINE.   603

PENNSYLVANIA MILLERS' MUTUAL FIRE INSURANCE COMPANY,
Second National Bank Bldg., Wilkes Barre, Pa.

ADMITTED ASSETS, DECEMBER 31, 1919.

Mortgage loans on real estate    $2,000 00

Interest due and accrued thereon   30 00

Bonds and stocks owned (market value)    S73, S56 48

Interest due and accrued thereon    10,437 16

Cash in banks and office    155,054 96

Agents' balances not over three months due   39,507 S5

Assessments due    4,311 53

Other admitted assets    450 00

TOTAL ADMITTED ASSETS    $1,085,647 98

LIABILITIES, DECEMBER 31, 1919.

Losses in process of adjustment   $37,983 59

Unearned premiums    254.240 00

Salaries, rents, etc   1,000 00

Estimated taxes hereafter payable    8,000 00

Contingent commissions, etc   4,000 00

Other liabilities    3, 961 48

TOTAL LIABILITIES    8309.185 07

NET CASH SURPLUS    776,462 91

TOTAL   $1.085.6.47 98

GENERAL REVIEW.

This company was incorporated and established. January
10, 1887. The head office was moved from Huntingdon, Pa.,
to Wilkes-Barre, Pa., in 1904. It insures largely mills,
elevators and warehouses, and has been successful, insuring
its members at low rates.

The company states that the saving to members in 1919
was $337,938.87, which represents the difference between
what the policyholders actually paid in assessments, and
the basis rates. It assesses only for the actual cost of in
surance, and policyholders retain the savings effected in-
stead of paying the company a cash full premium and
receiving any savings in the way of cash dividends.

It is licensed in Ga., Ill.. Ind., Kan., Mass., Mich., _Minn..
N. J., N. Y., O., Ore., Pa., S. D., Tex., Wash. and Wis.

The company's investments are of good character. The
security valuations used in this statement are those fixed
by the Convention of Insurance Commissioners.

Officers.— President, Asher Miner; vice-president, Landis
Levan; treasurer, Griffith Ellis; secretary, John Hoffa.

Directors.— Asher Miner, Wilkes-Barre. Pa., of Miner-
Hillard Milling Company; Landis Levan, Lancaster, Pa.,
Columbia Mills; Griffith Ellis, Indiana, Pa., of David Ellis
& Son; B. F. Isenberg, Huntingdon, Pa., Huntingdon Mills:
John D. Greybill, Harrisburg, Pa., merchant miller; Wrn. J.
Yeager, Lewistown, Pa.. of Spanogle-Yeager Milling Co.;

E. S. _Millard, Kingston, Pa., of Millard & Scureman; John
Hoffa, Wilkes-Barre; A. T. Collins, Mt, Pleasant, Pa., O. P.
Shupe estate.

Income, 1919.— Gross deposit premiums written, $412,-
725.42; less return premiums, $317,38202; total net pre
miums written, $95,343.40; assessments collected, $369.-
317.30: interest, etc.. $37,841 55; total income, $502.502.25.

Disbursements, 1919.—Net losses paid, $198,522.63; un
derwriting expenses. 8101,462.99; other disbursements,
$186; total disbursements, $300,171.62.

Underwriting Exhibit, 1919.—Premiums earned during
1919, $417,720.01.

Losses incurred during 1919, $202,430.10; underwriting
expenses incurred during 1919, $103,347.39; total, $305,-
777.40.

Gain from underwriting during 1919, $111.942.52.
Investment Exhibit, 1919.— Interest, etc., earned during
1919, $38,741.02.

Loss on investments during 1919, $8,212.20: investment
expenses incurred during 1919. $1,092.32; total, $9,304.52.

Gain from investments during 1919, $29,436.50.

Gain and Loss Exhibit, 1919.—Gains: Underwriting,
$111,942.52: investments. $29,430.50: other sources, $9,-
349.50; total, $150,728.52.

Surplus, December 31. 1918. $625,734.39: increase, $150,-
728.52: surplus, December 31, 1919, $776,462.91.

PERTH MI"TUAL FIRE INSURANCE COMPANY,
Stratford, Ont.