South Bend News-Times, Volume 38, Number 244, South Bend, St. Joseph County, 1 September 1921 — Page 9

THURSDAY MORNING. SEPTEMBER 1. 1921

THE SOUTH BEND NEWS-TIMES

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ONAL CASUALTY COMDEX

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READ YHAT BEST'S INSURANCE REPORTS ON "CASUALTY AND MISCELLANEOUS" SAYS ABOUT THE NATIONAL CASUALTY CO.

"History This company was incorporated December 19, and began business December 31st, 1904, with $100,000 capital and $31,242.15 surplus paid in. It succeeded the National Protective Society, a co-operative company, which began business in 1894. In 1910 the capital was increased to $200,000 by a stock dividend of $100,000. During 1907 this company reinsured the business of the Fidelity Mutual Aid Association of San Francisco, and in 1908 the business of the Consolidated Casualty Company of Minneapolis, Minn. It writes accident and health insurance only. "Management and Reputation The business transacted is mainly written on the industrial plan. During the past nine years the losses and expenses have been reasonable and the net result is an underwriting profit. The control of the company lies with the directors, and the amount of stock owned by them at par value was $156,300 on December 31st, 1918. The methods of the company in the settlement of claims were investigated by a special committee of Insurance Commissioners and found satisfactory. UNDERWRITING EXHIBIT, 1918

Premiums earned $697,673.14 Gains from underwriting profit and loss items 512.29 Losses incurred : . . 314,133.7 - Underwriting expenses incurred : 393,686

Loss from underwriting

$698,185.43 707,820.27 9,634.84

BEST'S INSURANCE REPORTS ARE TO INSURANCE COMPANIES AND INSURANCE BUYERS WHAT DUNN & BRADSTREET ARE TO EVERY BUSINESS. Any further information desired as to reliability will be furnished by L. E. GREENAN 438 Farmers Trust Building Main 2510 Lincoln 635'

SOUTH BEND NEWS-TIMES

210 W. Colfax Ave.

Main 2100

NEWS-TIMES Mishawaka 120 Lincoln Way W. MLshawaka 10

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