Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1911-08-20
REMARKABLE GROWTH
OF WESTERN COMPANY
ARIZONA FIRE INSURANCE CO.
LESS THAN YEAR OLD.
A Policy of Expansion Is To Be En-
tered Upon.

No institution i'm the west or any
where else in the country has made
a more rapid growth than the Arizona
Fire Insurance company or now gives
out more flattering promise of still
greater and rapid growth. In all the
history of fire insurance companies it
is stated that these is no record of such
advancement.
4 financial statement has just been
issued for the information of the stock
holders. The total assets of the COM
pany are shown to be $324.4S193: the
liabilities, S35.6735O, but of this sum
$34.S95 is a legal reserve required by
law. The capital and surplus is $22S,-
1853
The gross premium income from Sep
TENDER Is, 1910 when the company be-
gan business to July 81 Of this year
was o,462; the net premiums less re-
turn premiums and reinsurance is So,
500
The expenditures have been S2S, 100 =
10 This Is a ratio to the income Of
q $40 per cent. The losses paid were
The statement is accompanied by a
letter by w. Bennett Cough, secretary
and manager, in which he shows that
the company has encountered forty
losses, an average of $2S1 for each loss.
indicating the small amount Of insur-
ance taken under one policy.
Attention is called to the fact that
the expenses of a new insurance com
pany are necessarily heavy at the be-
business it is especially true of the fire
insurance business. Between Septem-
Der 18th of last year and the end of
the year the per cent Of expense to in
come was los but in the seven months
of this year it has been reduced to As
Mr.. Cough submits a list of well
known and popular companies whose
expenses are proportionately greater
There are "A dozen of them in which
the expenses range from Al, (the Ger
mania). to the Anchor. with So per cent
Speaking further of what has been
accomplished within less than a year.
the company operating only in Arizona
and New Mexico. Mr.. Cough says:
Gratifying as these results are. they
can easily be increased by expansion
and with a largely increased surplus
the Arizona Fire can be placed in the
rank of the first companies of the land
1T would not be safe to increase
present business rapidly without larg-
er surplus. With s15O.00O additional
surplus, your company can gain admis-
sion to any state i'm the union and my
first step would be to secure a license
to do business in those states where the
record for five years past shows that a
large underwriting profit can be made.
BY doing this. our premium income in
side of three years. could be increased
to more than half a million dollars an
nually.
The Arizona Fire Insurance Com
pany is today as well. if not more ia
vorably known. than any 100000 com
pany of similar age and would be read
| lily admitted into any state upon appli-
cation. if it's surplus was sufficiently
/ large to allow me to do the business
which I can easily secure through CON
nections I have. My long experience
/ in the east particularly. makes it pos
siblc for me to enter the best offices
in Ohio. Indiana. Illinois, New Jersey
Missouri, Maryland. Minnesota. Michi-
gan. Pennsylvania. New York and tho
New England states. I have always
been guided. first, by the principle Oi
making the Arizona Fire an absolutely
safe company for the insurer and the
stakeholder. and the business done Sc
far proves this"
| In pursuance of these reCommenda
tions the company is now preparing
to issue additional stock to the extent
IOf $4,000 and that matter is i'm the
hands of Mr.. E f. Forestall through
whose energy largely the company has
so quickly attained its present stand
ing.
Our Limeades are read Limeades-
.