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Winona ft St. P. RR. Co. 7% 1st m. s. f. b., 1916
Aroer. Dock ft Imp. Ck>. 5% 1st mtg. bds., 1921.
Amer. Tel. ft Tel. Co. 4% coll. tr. bonds, 1920.

Ayer Mills 4V^% con. ft eq. bonds, 1916

Chicago Tel. Co. 5% 1st mtg. bonds, 1923

Cleveland Tel. Co. 5% 2-yr. notes bonds. 1916..
Cumberland Tel. ft Tel. Co. 5% 2-yr. n. b., 1916.
Cumberland Tel. ft Tel. Co. 5% 2-yr. n. b.. 1016.
Laclede Gas Light Ck). 5% Ist mtg. bds., 1919.
Mo. ft Kan. Tel. Co. 5% 2-yr. not« bds., 1918.

Nebraska Tel. Co. 5% 2-yr. notes bds., 1916

N. V. Tel. Co. 414% Ist ft gen. mtg. bds., 1939.
Pac. T. ft T. Oo. 5% 1st m. ft C. t. s. f. b., 1087.

United Fruit Co. 6% notes bonds. 1917

United Fruit Oo. 5% 4-yr. gold notes b.. 1918...
United SUtes Rubber Co. 6% coll. tr. b.. 1918.



Par


Market


value.


value.


190,000


186.200


50,000


52,000


100,000


102,000


150.000


153,000


26.000


25,500


25.000


26,260


25.000


23,000


50,000


62,500


10.000


10,000


6.000


5.060


10,000


10.100


10,000


10,100


10.000


10,100


60,000


44,600


60,000


46.600


85.000


36,050


26.000


26.000


350,000


135.500


25,000


26,000


26.000


26.500


26,000


25,000


26,000


25.000


26,000


25.000


20.000


20.400


25,000


26,000


25,000


25.000


20.000


19.800


26,000


26.000


25,000


25;500


26.000


25.000


25,000


25.750


120.500


$4,066,320



General Review.

History. — This company was established in 1897. Its
authorized capital is 10,000,000 marks ($2,500,000), of
which 4,000,000 marks ($1,000,000) have been paid in.
The balance is represented by stockholders' notes. It was
regularly admitted to the State of New York on March 12,
1014, to transact fire reinsurance, and has deposited
$500,000 with the Insurance Department of that State,
and the New York Life Insurance and Trust Company, as
trustees.

Home Office Resources. — All assets of the company
(other than life insurance funds) are liable for the ptiy-
ment of losses, wherever incurred. We therefore present
the following information from the Home Office balance
sheet (the latest available), which includes all its assets
and liabilities: Admitted assets, December 31, 1913, $16,-
836,804; capital paid in, $1,000,000; surplus, $854,067.

The United States managers state that they have not yet
received the Home Office statement as of December 31, 1914.

Management and Reputation. — The United States mana-
gers of the company are Mutzenbecher and Ballard, Inc.,
who also act in the same capacity for the Jakor Insurance
Company, of Moscow, Russia, the International Reassurance
Company, of Vienna, Austria, and also manage the Inter-
national Insurance Company of New York, a reinsurance
company, which is controlled by this company. The busi-
ness of the International of New York 'Was cancelled by its
ceding companies, which then reinsured the business in the
United States Branch of the Hamburg Assurance in 1914;
the International is still continuing in business.

The net premiums written are very large in proportion
to the net resources of the United States branch.

Classes of Business Written. — In the United States it
writes fire, hail and tornado reinsurance.

Territory. — Ark., Colo., Del., 111., la., La., Mass.. Mich.,
Miss., Mont., Nev., N. H., N. J., N. Y., N. C, 0., Pa.,
Tex., Utah and W. Va.

Income, U. 8. Braiich, 1915. — Net premiums written,



TotaU $4,120,500

$3,838,367.87; interest, etc., $178,652.12; received from
Home Office, $21,811.28; other income, $4,119; total in-
come, $4,042,940.27.

Dishursements, U. 8. Branch, 1915. — Net losses paid,
$2,413,968.98; underwriting expenses, $1,258,970; other dis-
bursements, $10,592.83; total disbursements, $3,683,531.81.

Ratios to premiums Written. — Losses paid, 62.9%; in-
curred, 62.4 % ; underwriting expenses, 32.8 % ; underwriting
profit, 9.4%.

Ratios to Premiums Earned. — Losses incurred, 59.3 % ;
expenses incurred, 31.7%; underwriting profit, 9.0%.

Miscellaneous. 1915. — Net losses incurred, $2,394,486.67;
net risks in force, December 31, 1915, $519,933,823; net pre-
miums in force, $5,599,437.65; largest net aggregate amount
insured in any one hazard located anywhere in the United
States, $25,000.

Undericriting Exhibit, 1915. — Premiums earned during
1915, $4,036,049.87; losses incurred during 1915, $2,394,-
486.67; underwriting expenses incurred during 1915, $1,-
278,970; underwriting losses and expenses, $3,673,456.67;
gain from underwriting during 1915, $362,593.^0.

Investment Exhibit, 1915. — Interest, rent« earned during
1915, $190,367.36; profit on investments during 1915, $16,-
302.27; investment income earned during 1915, $206,669.63;
loss on investments during 1915, $6,250; investment ex-
penses incurred during 1915, $4,842.83; investment loesee
and expenses during 1915, $11,092.83; gain from invest-
ments during 1915, $195,576.80.

Gain and Loss Exhibit, 1915. — Gains: Underwriting,
$362,593.20: investments, $195,576.80; received from Home
Office, $21,811.28; total, $579,981.28. Surplus, December
31, 1914, $586,544.02; increase, $579,981.28; surplus, De-
cember 31, 1915, $1,166,526.30.

Premiums and Losses on Miscellaneous Classes of BuH-
rress. — Windstorm and tornado, net premiums written,
$28,040.98; net losses incurred, $28,162.55; hail, net pre-
miums written, $54,022.40; net losses incurred, $113,842.27.



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BEST'S INSURANCE REPORTS — FIRE AND MARINE.



163



HAMBURG-BREMEN FIRE INSURANCE COMPANY,
Hamburg, Germany.

UNITED STATES BRANCH, NEW YORK.



ADMITTED ASSCT8, U. S. BRANCH, DECEMBEB 31, 1915.

Bonds owned (market value) $1, 639, 735 00

Interest due and accrued thereon 22, 416 87

Cash in banks and office 34, 589 37

Agents' balances not over three months due. 246,536 32
Reinsurance due from other companies. ... 66 02



TOTAL ADMITTED ASSETS, U.
Branch



BONDS OWNED:

North Carolina 4% state red. bonds, 1950

Atlanta, Qa., 4^% sewer bonds, 1939

Charleston, S. C, 4% ref. bonds, 1938

Cincinnati, O., 3^% gen. st. imp. bonds, 1927.
Cleveland, 0., 4^4% Clark Av. br. bonds. 1942.

New York City 3V4% gold bonds, 1940

New York City 3V6% gold bonds, 1961

New York City 8Vi% gold bonds, 1952

New York City 8V6% corp. stock bonds, 1966...

New York City 4%% gold bonds, 1957

Providence. R. I., 4% gold bonds, 1923

Richmond, Va., 6% bonds, 1922

Richmond, Va., 4% bonds, 1924

Richmond, Va., 4% bonds, 1926

Atch., T. & S. Fe RR. 4% g. m. g. bds., 1996.
Bait. & Ohio RR. 8V4% pr. Uen gold b., 1926..
Beech Creek RR. 4% guar. 1st m. g. b., 1936.
Boston k Providence RR. 4% corp. bonds, 1918.
Cent, of Ga. RR, 6% 1st m. gold bonds, 1945.
Cent. Pac. Ry. Co. 4% 1st ref. mtg. g. b., 1949.
Chca. & O. Ry. Co. 5% cons. Ist m. g. b., 1939.
Chicago & Alton Ry. Co. 8%% 1st 1. g. b., 1950.
Chi., Burl. & Q. RR. Co. (HI. Div.) 4% mtg.

grold bonds, 1949

Chi., Milw. & St. P. RR. (Chi. A Pac. W. Div.)

5% Ist mtg. gold bonds, 1921

Cin.. Ind. & St. Louis & Chi. RR. 4% gen. Ist

mtg. gold bonds, 1936



3.
. $1,843,343 58


Par


Market


value.


value.


910,000


$10,000


10,000


10,300


5,000


4,860


60,000


49,000


56,000


50,400


30,000


27,000


60,000


44,000


40,000


35,200


100,000


88,000


50,000


53,000


25,000


26,000


15,000


15,460


12,600


12,126


3.500


3,360


25,000


28,500


50,000


46,500


20,000


19,400


30,000


29,400


30,000


32,400


60,000


46,000


30,000


31,800


30,000


13,200


25,000


24,000


30,000


31,200


25.000


23.250



iLiABiLiTiBS, U. S. Brai^oh, Decembeb 31, 1915.
LOSSES: Adjusted, due, $25,965; not due,

$2,565; in process of adjustment, $112,-

726; resisted, $17,350; total, $168,605;

reinsurance, $49,491 ; net. $109, 114 00

Unearned premiums, one year or less, $329,-

390.67; more than one year, $765,515.41;

total 1, 094, 905 98

Salaries, rents, etc., $10,000; accrued taxes,

$27,500 37, 600 00

Contingent commissions 1, 260 00



TOTAL LIABILITIES, U. 8. Banch. . . $1,242,769 98
DEPOSIT CAPITAL, $200,000.
NET SURPLUS, U. S. Branch (including

deposit capital) 600, 673 60



TOTAL $1, 843, 343 58



Denver & Rio G. RR. 4% c. Ist m. g. b., 1996.
E. Tenn., Va.. & Ga. RR. 6% c. m. g. b., 1966.
Erie RR. Co. 4% prior lien gold bonds, 1996...
Hocking V. Ry. Co. 4%% c. Ist m. g. b., 1999.
111. Cent. RR. 3^% 1st mtg. gold bonds, 1961.
L. E. & W«t. RR. 5% 1st mtg. gold b., 1937.
Long Island RR. 5% cons. Ist ro. g. bds., 1981.
La. k, Ark. Ry. Co. 5% 1st mtg. gold bds., 1927.
Louisv. & Nashv. RR. 6% Ist m. g. bds., 1987.
Mo., Kan. & Tex. RR. Co. 4% l«t m. g. b., 1900.
Mo. Pac. Ry. Co. 5% trust gold bonds, 1917...
Norfolk ft W. Ry. Co. 4% c. 1st m. g. b., 1996.
N. Pac. RR. Co. 4% p. 1. ry. & 1. g. g. b., 1997.
Ore. Ry. & Nav. Co. 4% c. m. g. bonds, 1946..
Ore. Short Line RR. Co. 6% c. Ist m. g. b., 1946
Pennsylvania Co. 4%% g. 1st m. g. bds., 1921.
Pennsylvania RR. 4% eons, mtg. gold b., 1943.
Pennsylvania RR, 6% cons. mtg. gold b., 1919.
Pitts., Cin., Chi. k St. L. RR. 4^% guar. cong.

mtg. ser. A gold bonds, 1940

Reading Co., & The Phila. & Reading C. 9l I.

Co. 4% gen. mtg. gold bonds, 1997

St. L. & San F. RR. 5% gen. mtg. g. b., 1931.
St. P., M. ft M. RR. 4V6% c. 1st m. g. b., 1983.
Scioto V. ft N. E. RR. 4% g. 1st m. g. b.. 1969.
IT. Pac. RR, 4'/ Ist m. ft 1. g. g. bonds, 1947.
Wabash RR. 5% 1st mtg. gold boncta, 1989....



Par
value.
60,000
30,000
60,000
50,000
60,000
90,000
80,000
20,000
80,000
6D,000
10,000
80,000
30,000
40,000
20,000
30,000
15,000
10.000

80,000

60,000
25,000
30,000
40,000
30.000
60,000



Market
value.
40,000
81,600
43,000
46,500
41,600
29,700
81,600
18,200
82,400
88,600
8,900
28,200
27,900
36.800
21,200
30,600
16,000
10,400

30,800

47,6C0
25,600
30,900
36,800
29,100
61.500



Totals $1,681,000 $1,689,735



Oenkbal Bxview.

History, — This company was established in 1854 with an
authorized capital of 6,000,500 marks, all of which has
been subscribed, and 2,469,500 marks paid in. It com-
menced business in the United States in 1868, entering New
York State in 1873, and up to March, 1913, F. O. Affeld
was its United States manager. He retired at that time,
and was succeeded by H. N. Kelsey, who had been manager
of the Western Branch of the Sun Insurance Office, Limited,
of London, England.

Home Office Resources. — All assets of the company are
liable for the payment of losses, wherever incurred. We
therefore present the following information from the Home
Office balance sheet, which includes all its assets and lia-
bilities. Total asset© December 31, 1914, $3,233,743; un-
earned premiums, $1,257,445; capital paid in, $617,375;
•surplus, $795,253. It will be noted from these figures that
the United States branch is by far the more important, and
that the unearned premium liability of the United States
branch is larger than the corresponding item in the Home
Office balance sheet.

Management and Reputation. — The company has been
well managed and is in excellent standing both at home



and in this country. It is in excellent repute concerning
its general treatment of loss claims, and made a commenda-
ble record in settling its San Francisco conflagration losses.

The United States Branch writes a large volume of busi-
ness in proportion to its net resources. Ite expense of
operation has been above the average, and in recent years
its loss ratio has been high, resulting In an underwriting
loss.

The in vestments, of the United States Branch are of ex-
cellent character.

AffiHations. — Western Union, Southeastern Underwrit-
ers Association, Board of Fire Underwriters of the Pacific.

United States Manager, — H. N. Kelsey, New York ; sec-
retary, G. Aschermann.

United States Trustees, — Its United States trustees are
William Schall, Jr., H. R. Kunhardt, John Achelis, Henry
A. Caesar and Gustav Schwab, all of New Yoric.

Classes of Business Written, — Fire, burglary and theft
insurance. In the United States it writes only fire and
tornado insurance.

Territory, — In the United States it is licensed in all the
States and Territories except Alaska, Guam, New Mex.,.
S. D. and Vt.



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164



BEST'S INSURANCE REPORTS— FIRE AND MARINE.



HAMBURG-BREMEN FIRE INSURANCE COMPANY — Continued,



General Agencies. —

Pacific Coast, Marsh & McLennan, San Francisco, for
Arizona, California, Montana, Nevada, Oregon, Utah and
Washington.

Texas, J. G. Hornberger, San Antonio.

Louisiana, Leon Irwin & Co., New Orleans.

Incomey U, 8, Branch, 1915. — Net premiums written,
$1,133,929.20; interest, etc., $69,152.42; received from
Home Office, $50,862.58; borrowed money, $150,000; other
income, $156.25; total income, $1,404,100.45.

Diahursements, U. 8. Branchy 1915. — Net losses paid,
$723,954.20; underwriting expenses, $548,534.82; remitted
to Home Office, $2,589.56; borrowed money repaid, $150,000;
other disbursements, $4,229.85; total disbursements, $1,-
420,308.43.

Ratios to Premiums Written. — Losses paid, 63.8 % ; in-
curred, 58.9%; underwriting expenses, 48.4%; underwrit-
ing loss, 5.2%

Ratios to Premiums Earned. — Losses incurred, 57.8%;
expenses incuired; 47.8%; underwriting loss, 6.1%.

Miscellaneous, 1915. — Net losses incurred, $667,997.18;
net risks in force. December 31, 1915, $206,411,957; net
premiums in force, $2,212,167.42; largest net aggregate
amount insured in any one hazard located anywhere in the
United States, $30,000.



Underwriting Exhibit, 1915. — Premiums earned during
1915, $1,155,407.97; gain from underwriting profit and loss
items, $6,358.23; underwriting income earned during 1915,
$1,161,766.20; losses incurred' during 1915, $667,997.18;
underwriting expenses incurred during 1915, $552,284.82;
underwriting losses and expenses, $1,220,282; loss from
underwriting during 1915, $58,515.80.

Investment Exhibit, 1915. — Interest, rents earned during
1915, $68,569.08; profit on investments during 1915,
$156.25; investment income earned during 1915, $68,725.33;
loss on investments during 1915, $16,247.50; investment ex-
penses incurred during 1915. $1^908.60; investment losses
and expenses during 1915, $18,156.10; gain from invest-
ments during 1915, $50,569.23.

Gain and Loss Exhibit, 1915. — Gains: Investments, $50,-
569.23; reecived from Home Office, $50,862.58; total, $101,-
431.81. Losst^s: Underwriting, $58,515.80; remitted to
Home Office. $2,589.56; total, $61,105.36. Surplus, Decem-
ber 31. 1914, $560,247.15; increase, $40,326.46; surplus, De-
cember 31, 1915, $600,573.60.

Premiums and Losses on Miscellaneous Classes of Busi-
ness. — Windstorm and tornado, net premiums written,
$14,290.18; net losses incurred, $25,289.30.



HAMILTON FIRE INSURANCE COMPANY,



Hamilton, Ontario, Can.



Admitted Assets, December 31, 1916.



Real estate owned ( market value )

Mortgage loans on real estate

Bonds and stocks owned (market value) . . .

Interest due and accrued thereon

Cash in banks and office

Agents* balances not over three months due.
Amount due for reinsurance



TOTAL ADMITTED ASSETS.



$19,204 33
8,100 00
26, 713 48
494 00
6,420 94
5,970 38
1,924 40



$68,827 62



Genebal REvncw.

History. — This company was organized in 1863 as the
Victoria Mutual Fire Insurance Co.. and continued in this
way until 1906, when it was reorganized as a cash mutual
with an authorized capital of $100,000, of which $20,000
was paid up. The authorized capital is now $300,000, of
which $172,900 is subscribed and $34,900 piaid up. Prevdous
to 1913 it was known as the City of Hamilton Fire Insur-
ance Conoipany.

In June, 1915, the Liverpool and London and Globe In-
surance Company purchased control of this company and
all its policies are now guaranteed by that company. Mr.
J. Gardner Thompson, the Canadian Brandi manager of the
Liverpool and London and Globe was elected president. It
will be operated as a separate institution, as a tariff
company.

It will be noted from the above statement that the paid-in
capital was impaired at the close of 1915.

Management and Reputation. — The company, though
small, is in good repute and is making progress. It is
controlled, as stated above, by the Liverpool and Lond>on and
Globe Insurance Company, of Liverpool, England, a ver\^



Liabilities, Decembeb 31, 1915.



Losses unpaid

Unearned premiums.

Accrued taxes

Reinsurance

Other liabilities



TOTAL LIABILITIES

CAPITAL PAID IN, $34,660.

NET SURPLUS TO POLICYHOLDERS.



TOTAL .



$3,439 03


38,241 52


119 00


346 91


311 13


$42,457 69


26, 370 03


$68,827 62



large and reputable institution. All poHcies are guaranteed
by that company.

Class of Business Written. — Fire insurance.

Territorxf. — It is licensed and c^erating only in the
Province of Ontario.

Dividends. — In recent years it has paid dividends as
follows: 1906-1911. inc., 6%: 1912, 6%%; 1913 and 1914,

Officers. — President, J. Gardner Thompson ; vice-presi-
dent, Lewis Lang; secretary, Russell T. Kelley.

Directors. — The directors are the above officers and
Burkholdier, J. H. ; Busoombe, W. H. ; Chevalier, M. ; Crerar,
A. H.; Crerar. T. H.; Drummond, T. J.; Lacoste, K. C, Sir
Alexander; MacPherson. Wm. Molson; Robertson, Alex.:
Sherman, W. H.: Stearns, C. H.; Williams-Taylor, Sir
Frederick.

Income. 1915. — Net premiums written, $59,319.68; in-
terest, etc.. $3,112.64: profit from investment, $163.30;
commission.*, $4.5,53.11; total income, $67,148.73.

Disbursements, 1915. — Net losses paid, $29,973,70; un-
derwriting expenses, $35,680.82 ; other disbursements, $850 ;
total disbursements, $66,504.52.



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165



HAMILTON FIRE INSURANCE COMPANY,



New York, N. Y.



ADMITTED ASSETS, DeCEHBEB 31, 1915.

Mortgage loans on real estate

Bonds and stocks owned (market value) . . .

Interest due and accrued thereon

Cash in banlu and office

Agents' balances not over three months due.

TOTAL

Deduct market value of special deposits in
excess of corresponding liabilities overdue.



$62,000 00

415, 150 00

2,432 48

22,426 77

18,768 58

$520, 776 83

300 00



Tjawiuties, December ^l, li)il5.

LOSSES: Adjusted, not due, $16,690.65;.
in process of adjustment, $21,320.56; re-
sisted, $0,765.40; total, $47,704.61; rein-
surance, $18;632.04 ; net

Unearned premiums, one year or less, $89,-
471.00; more than one year, $34,542.00;
total

Dividends unpaid

Salaries, rentb, etc., $500; accrued taxes,
$2,000

Commissions and brokerage

Due for borrowed money

Other liabilities



$20, 162 57



124,



2,

3,

35?



014 80
685 35

500 00
753 72
000 00
120 81



TOTAL LIABILITIES

CAPITAL PAID IN

NET SURPLUS



TOTAL ADMITTED ASSETS $520, 476 83

Par Market

BONDS AND STOCKS OWNED: value. value.

New York City 4 »4:{ bonds, 1967 $20,000 $21,200

New York City 4^% bonds, 1930-60 25,000 26,250

New York City 4% bonds, 1966 58,000 51,940

New York City 3V^% bonds. 1954 25.000 22,000

New York City 3% bonds, 1921 20,000 19,000

Denver ft Rio Grande 5% ref. bonds. 1955 15.000 8,860

Denver k Rio Grande 4% 1st cons, bonds. 1936.. 10.000 8,000

Erie 4% gen. lien bonds, 1996 10,000 7.600

Southern Pacific 4% conv. bonds, 1929 5,000 4,460

St. Louis & San Francisco 4% ref. bonds, 1951.. 15,000 10,960

St. Louis & San FYan. 4% ref. ctfs a. b., 1951.. 5.000 3,200

St. Louie S. W. 4% Ist bonds. 1989 10,000 8,000

St. Louis S. W. 4% 1st cons, bonds, 1932 10,000 6,600



TOTAL



Kan. C, F. S., M. 4% ref. bonds, 1936.
Amer. smelt, k Ref. Co. com. stock....,
.\mer. Smelt. & Ref. Co. pref. stock....

Louisville A Nashville stock

Northern Pacific stock

K. C, F. 8. & M. pref. stock

Pac, Tel. A Tel. pref. stock ,

North American Co. stock

Southern Pacific Co. stock

Wells Fargo stock

.\merican Express stock



$195,246 25
200,004 00
125,226 58

$520,476 83



Par

value.
5,000
70,000
10,000
12,000
20,000
10,000
10,000
10. 000
30,000
20,000
10,000



Market

value.

3,860

71,400

11,000

15,380

22,800

6,800

9,600

7,700

90,300

26,400

13,000



Totals. ,



$430,000



$415,160



Gkneeai* Review.

History. — This company began business May 22, 1852.

In 1909 control of the company was secured by interests
identified with Lenssen & Co. and E. C. Jameson, president
of tiie Globe and Rutgers Fire Insurance Company of New
York, and it resumed active operations on December 10,
1909. The paid-in capital of the company is $200,004. The
par value of the stock is $15 per share.

Management and Reputation, — The company, though
SFmall, is under experienced management, and has substan-
tial backing. Its stock is closely held, its directors owning
$168,435, par value, on December 31, 1915. Over 60% is
owned by E. C. Jameson and Arthur Lenssen, Jr., who are,
respectively, president and secretary of the company.

It writes a conservative volume of business, and its ope-
rating expenses are very low; its loss ratio, however, has
been very high. It writes some '* surplus lines."

The company's general loss paying reputation is good.

This company was examined in November, 1915, by the
New York Insurance Department. The examiner made no
special criticisms except to recommend that the company's
bookkeeping system be reconstructed.

Its investments are of good grade. The mortgage loans
are on New York city improved real estate.

Classes of Business Written, — Fire, automobile, explosion
and tornado insurance.

Territory, — It is licensed to operate in Cal., 111., N. J.,
N. Y. and Pa.

Dividends, — It paid a dividend of 4% in 1913 and 1914;
1916, 6% ; total dividends since commencing business,
$705,223.

Officers, — President, E. C. Jameson; vice-president,
Joseph S. Stout; secretary, Arthur Lenssen, Jr.



Directors. —

Bailey, Theodore L., of Roelker, Bailey & Stiger, law
firm.

Campbell, Samuel S., vice-president Mechanics and Metals
National Bank.

Chambers, Hilary R., president National Fire and Marine
Insurance Co.

Douglas, Archibald, of Douglas, Armitage & McCann.

Forrest, Archibald A., of Wycoff, Seaman s & Benedict.

Frelinghuysen, J. S.. insurance.

Hayward, Henry W., of McLane, Hayward & Kalsey,
law firm. '

Jameson, E. C, president of the Globe and Rutgers Fire
Insurance Company.

Jameson, C. M., capitalist.

Lenssen, Jr., Arthur, secretary Hamilton Fire Insur-
ance Co.

Lenssen, Nicholas F., of Davies, Auerbach A Cornell,
law firm.

Outerbridge, Samuel R., of A. E. Outerbridge & Co.
(Bermuda S. S. Co.).

Stout, Joseph S., of Stout & Co., N. Y. Stock Exchange.

Stockholders* Annual Meeting, — Second Monday in
January.

General Agents, —

C. J. Adams Co., Atlantic City, N. J.

J. T. Birdsall, Philadelphia, Pa.

Edw. Brown & Sons, San Francisco, Cal.

Wm. Goodman, New York City, N. Y.

David Gordon, Paterson, N. J.

W. A. Jones & Son, Beacon, N. Y.

Rollins, Burdick A. Hunter Co., Chicago, 111.

Geo, W. Taylor & Son, Boston, Mass.



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16«



BEST^S INSURANCE REPOR TS— FIRE AND MARINE.

HAMILTON FIRE INSURANCE COMPANY -^ Continued.



Income, 1916. — Net premiuma written, $208,668.63; in-
terest, etc., $10,276.61; other income, $10,000; total income,
$237,934.04.

Diabursements, 1916. — Net losses paid, $133,633.30; un-
derwriting expenses, $47,364.66; diyidends to stockholders,
$11,997; other disbursements, $14,974.86; total disburse-
ments, $207,969.82.

Ratios to Premiume Written. — Losses paid, 64.0%; in-
curred, 63.1% ; underwriting expenses, 22.7% ; underwriting
profit, 12.6%.

Ratios to Premiums Earned. — Losses incurred, 67.1 % ;
expenses incurred, 22.6% ; underwriting profit, 13.6%.

Miscellaneous, 1916.-— Net losses incurred, $110,861.57;
net risks in force, December 31, 1916, $18,692,691; net pre-
miums in force, $236,778.06 ; largest net aggregate amount
insured in any one hazard located anywhere in the United
States, $24,600.

Undertoriting Ewhibit, 1916. — Premiums earned during
1916, $194,079.81; loss from underwriting profit and loss
itema, $13,072.29; underwriting income earned during 1915,



$181,007.62; losses incurred during 1916, $110,861.67; un-
derwriting expenses incurred during 1916, $43,769.10; un-



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