SECURITIES HELD BY HENRY W. BROWN & COMPANY, U. S. MANAGERS Total book, par and market values......$677, 316 $707,000 $624, 870 UNITED STATES BRANCH CENTURY INSURANCE COMPANY, LIMITED Examined on admission to transact marine business. Report dated February 9, 1920. Examiner: A. N. Butler. CITY EQUITABLE FIRE ASSURANCE COMPANY LONDON, ENGLAND. Examined on admission. Report dated March 12, 1920. Examiner: R. A. Elmer. CITY OF NEW YORK INSURANCE COMPANY NEW YORK Examined on increase in capital, February 6, 1920. Examiner: Isaac Fuld. Examined to ascertain condition, February 29, 1920. Report dated April 23, 1920. Examiner: Isaac Fuld. The foregoing financial statement shows the company to be in possession of a surplus above its capital stock of $642,948.74. In compiling such statement no credit was allowed for losses and claims of $204,434.94 and unearned premiums of $97, 960.78, on business reinsured in companies not authorized in this State nor qualifying under the provisions of subdivision "b" of section 22 of the Insurance Law. The above-mentioned surplus includes the sum of $397,957.13 representing a commission allowance on the reinsurances placed with the Home Insurance Company of New York, the details of which appear further on in this report under the caption "Unearned Premiums" and $400,000 contributed by stockholders in connection with increase in capital. THE COLONIAL ASSURANCE COMPANY OF THE CITY OF NEW YORK Examined to ascertain condition as of September 30, 1919. Report dated November 25, 1919. Examiner: Richard A. Elmer. The company was organized in June, 1896, with a capital of $200,000. In the year 1900 a merger was effected with the Washington Assurance Company of New York, the merged corporation being known as the "Colonial Assurance Company of New York," with a capital of $400,000. During July of the year 1900 the capital stock was reduced to the present capital of $200,000, consisting of 4,000 shares of a par value of $50 each. The company's operations are conducted under a general agency system and E. E. Hall, vice-president of the company, has been duly authorized by the board of directors to act as agent or general manager. The directors are as follows: Otto M. Eidlitz, E. Palmer, W. J. Stitt, D. S. Walton, E. E. Hall, E. S. Powell, Jr., J. S. Sutphen, E. H. Wise, C. F Hoffman, R. B. Rathbone, C. A. Trowbridge, L. H. Wise, W. P. Hardenbuch. The office of the company is located at No. 80 Maiden Lane, New York city. Income and Disbursements A schedule of the income and disbursements from January 1. 1919, to September 30, 1919, is as follows: Balance December 31, 1918 (ledger assets). $713,071 75 Net premiums Interest on securities Total income Total Losses paid Loss expenses Commissions Contingent commissions Committee fees 21,302 60 332,229 14 $1,045,300 89 Disbursements $84,846 72 1.626 06 108,824 33 3,054 15 1,540 00 A statement of the assets and liabilities showing the financial condition as of September 30, 1919, is as follows: |