Thomson's manual of Pacific Northwest finance

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Monograph

Identifikator:: 1838857176

URN:: urn:nbn:de:zbw-retromon-229226

Document type:: Monograph

Title:: Thomson's manual of Pacific Northwest finance

Place of publication:: Seattle

Publisher:: Thomson's Statistical Service

Year of publication:: 1930

Scope:: XXX, 487 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Section III. Insurance companies

Collection:: Economics Books

THOMSON'S MANU AT DISBURSEMENTS— Total Losses Paid. nioeecaeerecemmeceencaeenens need Underwriting and Gen. Expense... Policvholders’ Dividends ....... . ‘99,368 272,365 SCF 1K 338,539 "% 3.361 TOTAL DISBURSEMENTS ......... 048,297 £14,265 Excess Income over Disbursements... . 100,604 “7,792 COMPARATIVE STATEMENT, As of Dee. 31 1929 1928 125,767 $ 18,892 588,585 1,615,617 195,216 5¢ 800 50,000 N00 112,325 73 21,625 71 TOTAL ASSETS ooeeeeeeeeeereeemeeeeeeeee. $2,092 577 53 LIABILITIES— Res. for Unearned Premiums... .._.. BE: Res. for LosseS...cnmnenens Res. for Commissions, Taxes, etc... Reinsurance Treaties ............ Other Liabilities ooooceoeceeoon Tapital Stock eee. ee eemammm em mmmnnnne TOTAL LIARTILITIES woeeeeaeeeeennnn--$2.093.518 $ 217,625 229.377 3/569 © 450,581 116664 1927 § 27,896 666,705 29.925 "782,988 11,376 22,766 $ 828,810 274,375 139,108 27.098 "9,630 200,000 169,938 2 298% 810 GENERAL INSURANCE COMPANY OF AMERICA HOME OFFICE: 1102 White Bldg., Seattle, Wash. BRANCH OFFICES: Chicago. New York (Gen. Agency), Denver, San Francisco, Los Angeles. CONTROL: General America Corp. holds all but directors’ qualifying shares. HISTORY: Incorporated under laws of Washington, April 27, 1923. Commenced business on May 1, same year, with paid-in capital and surplus of $700,750, Shares were sold at $200, $100 applied to capital and $100 to surplus, with prac- tically no organization expense. Control passed to Gen. America Corp. in 1929 BUSINESS: Company writes both participating and non-particinating policies. the latter receiving annual dividends. KINDS OF INSURANCE: Company originally authorized to write all lines of insurance except life and for first two years wrote fire, inland marine, casualty and liability. In 1925 company in order to enter New York was. compelled to cease writing liability lines.” A subsidiary, under name of General Casualty In- surance Company of America, was organized to handle liability and casualty ines. TERRITORY: Company licensed to operate in Ariz, Calif., Colo., Conn., Idaho, [11., Ind., Iowa, Md., Minn.,, Mo., Mont., Neb., N. J., N. Y., Ohio, Ore., Penn, Tex., Wash. and Wisc. Also Dist. of Columbia and Canada. * BRANCH OFFICES: 330 West Adams Bldg. Chicago. Western Pacific Bldg. Los Angeles. Standard Bank Bldg. Vancouver, B. C. Russ Bldg.. San Fran- cisco. U. S. National Bank Bldg., Denver, Colo. OFFICERS: H. K. Dent, Pres.; Geo, J. Osgood, Vice Pres.; J. F. Douglas, Vice Pres.; Sam G. Lamping, Vice Pres.; Frank B. Martin, Sec.: J. T. McVay, Treas.; Geo. W. Belt, Asst. Treas.; R. W. Baldwin, Asst. Sec.; L. F. Becker, Asst. Sec. DIRECTORS: O. D. Fisher, Chairman; Joshua Green, J. F. Douglas, J. A. Hum- bird, Frank B. Martin, A. W. Middleton, Henry McCleary, J. P. McGoldrick, W. L.. McCormick, F. C. Talbot, Geo. J. Osgood. A. S. Eldridge, W. H. Talbot. F. R. Titcomb, H. K. Dent. Fiscal Year Ends: Dec. 31. Annual Meetinz: 3rd Thursday in January. Number of Fmployes: 264. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Qutstanding CAPITAL STOCK occeeeeeeeaneepemeesceemmeeee $100.00 $1,000,000 $1,000,000 Dividends: Paid quarterlv (Jan., Apr.. July. Oct. 1). 1928, 9%: 1929. 13%. COMPARATIVE STATISTICS [ns. in Force Admitted Assets Met Premiums Cap. & Surplus $ 18,194,951 $1,466,002 479,896 $1,265,812 21,246,843 1,958,753 ,463,670 1,385,947 127,605,179 3,189,296 1,629,588 2,021,359 226,972,613 4,139,709 2,738,210 2,004,072 314,136,128 5,516,448 3,880,185 2,228,128 383,995,941 6,171,900 4,082,452 2,375,830 E4R 005 EER £.372.783 5.720.926 2.293.475

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