604   BEST'S INSURANCE REPORTS — FIRE AND MARINE.

PERTH MUTUAL FIRE INSURANCE COMPANY— Continued.

GENERAL REVIEW.   James Jones, Andrew Kuhry, George Hamilton, John

This company was established in 1863 and writes only Brown, Thomas Trow, J. A. Robertson, K. D., Chas. Packert.

in the Province of Ontario. It writes both on the cash and   Income, 1919.— Gross premiums written, $176,249.47;

mutual plans.

On December 31, 1919, it had 21,818 policies in force,
representing $36,625,757 at risk.

Officers.—President, Wm. Davidson; Vice-president, G. G.
McPherson, K. C.; secretary, George Kay.

Directors.— Wm. Davidson, G. G. McPherson, K. C.,

less reinsurance, $20,455.11; less rebates, etc., $7,698.64;
total net premiums written, $148,095.72; interest, etc., $32,-
569.70; other income, $7.25; total income, $180,672.67.

Disbursements, 1919.—Net losses paid, $48,6.28.10; un
derwriting expenses, etc., $66,018.11; total disbursements,
$114,646.21.

PHEN IX MUTUAL FIRE INSURANCE COMPANY,

2 South Main Street, Concord, N. H.

GENERAL REVIEW.

This company began business in November, 1913, and is
licensed in Maine, New Hampshire, Pennsylvania, Rhode
Island and Vermont. It writes fire business only, and
charges the full tariff rates. The assessment liability of
members is once the cash premiums. The current rate of
dividend to policyholders is 20%.

It is under the same management as the Capital Fire
Insurance Company, of Concord, N. H., a stock company
which began business in 1886. Chas. L. Jackman is presi
dent of both companies.

This company has a guaranty capital of $100,000, all
paid in, and dividends on same are limited to 7Y per
annum by the company's charter. Time securities owned are
of good character. The security valuations used in this
statement are those fixed. by the Convention of Insurance
Commissioners. The directorate is composed of reputable
insurance men, merchants and bankers.

Officers.—President; Charles L. Jackman; secretary,
Walter Williamson; assistant secretary, Archibald R.
Kendall.

Directors.— Harold II. Blake, treasurer Tenney Coal Co.;
William S. Huntington, secretary and treasurer Merrimack
County Savings Bank; Charles L. Jackman, president The
Capital Fire Ins. Co., Concord, and other important con
nections; Freeman T. Jackman, secretary Underwriters Fire
Ins. Co., assistant secretary The Capital Fire Ins. Co., secre
tary Eastern Fire Ins. Co.; Archibald R. Kendall, secretary
The Capital Fire Ins. Co., Concord; Robert J. Merrill, sec
retary United Life & Accident Co., formerly Insurance Com
missioner of New Hampshire; Henry W. McFarland, as
sistant treasurer Stratton & Co., grain merchants: Duncan
P. Noyes, Henniker, N. H., postmaster and insurance; Geo.
I. Parker, Pawtucket. R. I., insurance; Charles G. Remick,
stock and bond salesman ; Arthur G. Sprague, St. Johns-
bury, Vt., insurance; Walter Williamson. assistant secre
tary Underwriters Fire Ins. Co., cashier Capital Fire Ins.
Co.

Income, 1919.— Gross premiums written. $77,072.14: less
reinsurance, $28.107.42: less return premiums. $6.714.18;
total net premiums written, $42,250.54; interest, etc., $8,-
580.97: other income, $1,381.64; total income, $52,213.15.

Disbursements, 1919.—Net losses paid. $10,265.55; un
derwriting expenses, $12,141.52; dividends to policyholders,
$2.647.65: dividends on guaranty capital, $6,450; other dis
bursements, $649.51 ; total disbursements. $32,154.53.

Ratios to Premiums Written.— Losses paid. 24.3%; in
curred, 22.4%; underwriting expenses, 28.7%; underwrit
ing profit, 17.5%.

Ratios to Premiums Earned.—Losses incurred, 34.1%;
expenses incurred, 39.2%; underwriting profit, 26.7%.

Underwriting Exhibit, 1919.—Premiums earned during
1919, $27,758.64: loss from underwriting profit and loss
items, $0.92; total, $27,757.72.

Losses incurred during 1919, $9,471.77; underwriting ex
penses incurred during 1919. $10,885.20; total, $20,356 97.

Gain from underwriting during 1919. $7.400.75.

Investment Exhibit, 1919.—Interest. etc., earned during
1919. $8,392.23; profit on investments during 1919, $1,-
379.90: total, $9,772.13.

Loss on investments (luring 1919, $2,389.61; investment
expenses incurred during 1919, $153 82; total, $2,543.43.
Gain from investments during 1919. $7,228.70.

Gain and Loss Exhibit, 1919.— Gains: Underwriting,
$7,400.75: investments, $7,228.70; total, $14,629.45

Losses: Dividends declared to stockholders, $6,450; divi
dends to policyholders, $2,647.65; total, $9.097.65.

Surplus. December 31, 1918, $121,938 54: increase, $5,-
531.50; surplus, December 31. 1919, $127,470.34.

Business from Organization,—Net premiums and assess
ments, $104,084.96; net losses paid, $24,840; dividends to
policyholders, $5.647.87.

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