REPORT OF THE Insurance Department OF THE ComptrollerGenerals Ofeice FOR THE Year Ending October i 1899 REPORT n ComptrollerGenerals Office Insurance Department Atlanta Ga October 1 1899 To His Excellency Allen D Candler Governor Sir In compliance with law I have the honor to submit my twelfth annual report as Insurance Commissioner The volume of business of the various classes of insurance com panies in this State shows a large increase each year since the creation of the office of Insurance Commissioner It will be ob served from the statistics of the business of oldline or legal reserve life companies that their profits on Georgia business have been quite large but while this is true of life companies the business of tire companies has not been so uniformly so on account of the heavy loss ratios which seem to have prevailed so generally during the period reterred to The margin of profits on the Georgia bus iness of Cooperative or Assessment Life Insurance Companies is shown to be quite small which must be accounted for in two ways one is that their rates are too low and their medical examinations are not sufficiently rigid I desire to again renew my suggestion made in my last report that all companies doing a life insurance business on the assessment plan be required to make a reasonable deposit with our State Treasurer for the protection of their policy holders On account of the very low rates at which many of these com panies write insurance our people are availing themselves of such insurance and they should be protected as far as possible by some deposit in the State I have had many complaints made that claims are not paid promptly by these companies but under the law I am given no authority over such cases until judgment of a legal valid claim is refused and then the only remedy is to revoke the license of the company I would also recommend that all secret fraternal life insurance associations doing business in this State be required to file in this office annually sworn detail statements of their condition the same as is required of insurance companies but exempting them from the payment of any licenses or taxes of any kind This class of insur ance too has grown to great proportions in Georgia and many of our people seek information from this office as to their condition and standing which I am unable to furnish Respectfully Wm A Wright Insurance Commissioner COMPTROLLERGENERALS REPORT The following Fire Life and otherInsurance Companies having com plied with the law are authorized to transact business in the State for thfi year 1899 FIRE INSURANCE COMPANIES Agricultural Fire Watertown New York American Fire New York TEtna Fire Hartford Conn Atlanta Home Atlanta Ga British America IS Front Street Toronto Canada Caledonian Fire 27 Pine Street New York Cotmmercial Union 58 William Street New York Continental 46 Cedar Street New York Connecticut Fire Hartford Conn Delaware Fire Philadelphia Pa Fire Association of Philadelphia 34 Fifth Street Philadelphia Pa Firemans Fund San Francisco Cal Georgia Home Columbus Ga GermanAmerican 115 Broadway New York Germania Fire 177 Broadway New York Glens Falls Fire 149 Glen Street Glens Falls New York Greenwich Fire 161 Broadway New York HamburgBremen U S B 62 Cedar Street New York Hanover Fire 40 Nassau Street New York Hartford Fire 53 Trumbuli Street Hartford Conn Home 119 Broadway New York Imperial Fire 31 Pine Street New York Insurance Company of North America 232 Walnut Street Philadelphia Pa Lancashire U S B 40 and 42 Pine Street New York Lion Fire U S B 223 Asylum Street Hartford Conn Liverpool and London and Globe U S B 45 William street New York Liverpool and London and Globe New York London Assurance U S B 88 Wall Street New York London and Lancashire U S B 46 Pine Street New York Magdeburg Fire Germany Manchester Fire 171 La Salle Street Chicago Manhattan Fire New York N Y Milwaukee Mechanics Milwaukee Wis National Fire Hartford Conn Niagara New York Norwich Union 67 Wall Street New York North British and Mercantile U S B 54 William Street New York Northern Assurance 25 Pine Street New York Orient Insurance Company Hartford Conn Pacific Fire of New York Palatine U S B 21 Nassau Street New York Pennsylvania Fire 510 Walnut Street Philadelphia Pa Phoenix Assurance of England U S B 67 Wall Street New York Phoenix of New York 16 Court Street Brooklyn New YorkCOMPTROLLERGENERALS REPORT 3 Phoenix of Connecticut 64 Pearl Street Hartford Conn Queen of America 49 Cedar Street New York Rochester German Rochester 1ST Y Royal Liverpool England Scottish Union and National U S B 222 Asylum Street Hartford Conn Southern Mutual Athens Ga Springfield Fire and Marine Hampden Mass St Paul Fire and Marine St Paul Minn Sun Fire of England 15 Washington Street Watertown New York Sun New Orleans La Traders Fire Chicago 111 Union Assurance Society London Western Assurance 22 Wellington Street Toronto Canada Westchester Fire 27 and 29 Pine Street New York Williamsburg City Fire 13 Broadway Brooklyn New York LIST OF COMPANIES DOING A FIRE BUSINESS THROUGH BROKERS AND WHO MAKE NO DEPOSIT IN THE STATE Globe and Rutgers New York Insurance Company of State of New York N Y LIFE INSURANCE COMPANIES American Union Life New York JEtna Life Hartford Conn Connecticut Mutual Life Hartford Conn Equitable Life 120 Broadway New York Fidelity Mutual Life Philadelphia Pa Germania Life 20 Nassau Street New York Hartford Life Hartford Conn Home Life 38 Court Street Brooklyn New York Iowa Life Chicago 111 Illinois Life Chicago 111 Manhattan Life of New York Maryland Life 10 South Street Baltimore Md Massachusetts Mutual Life 413 Main Street Springfield Metropolitan Life 36 Park Place New York Michigan Mutual Life Detroit Mich Mutual Benefit Life 752 Broad Street Newark N J Mutual Life of New York 32 Nassau Street New York Mutual Life of Kentucky corner Fifth and Market Streets Louisville Ky New England Mutual Life Boston New York Life 346 and 348 Broadway New York Northwestern Mutual Life corner Broadway and Milwaukee Streets Mil waukee Wis Pacific Mutual Life San Francisco Cal Prudential Life Newark New Jersey Penn Mutual Life 921 Chestnut Street Philadelphia Pa Phoenix Mutual Life Hartford Conn Provident Savings Life 55 Liberty Street New York Royal Union Mutual Des Moines Iowa Security Trust Philadelphia Pa4 COMPTROLLERGENERALS REPORT Security Mutual Life Binghamton New York Sun Life Montreal Canada State Life Indianapolis Ind Travelers Life 56 Prospect Street Hartford Conn United States Life 161 Broadway New York Union Central Life 243 West Fourth Street Cincinnati O Washington Life 21 Oourtland Street New York ASSESSMENT LIFE AND ACCIDENT INSURANCE COMPANIES Atlanta Mutual Life Atlanta Ga Bankers Guarantee Fund Atlanta Ga Chicago Guarantee Fund Opera House Block Chicago 111 Equity Life Association Staunton Va Georgia Sick and Accident Benefit Atlanta Ga Home Friendly Society 100 W Fayette St Baltimore Md Industrial Aid Association Atlanta Ga Mutual Reserve Fund Life Potter Building New York Northwestern Life Assurance Company Home Insurance Building Chi cago State Mutual Life and Annuity Rome Ga United States Beneficial Association Atlanta Ga Western Mutual Life Association Chicago OTHER THAN LIFE OR FIRE American Surety New York American Bonding and Trust Company Baltimore Md American Credit Indemnity New York Bankers Mutual Casualty Des Moines Iowa City Trust Safe and Deposit Philadelphia Pa Employers Liability Insurance Association 84 and 85 King William Street London England and 71 Kilby Street Boston Mass Fidelity and Casualty 214 Broadway New York Fidelity and Deposit Company Baltimore Md General Accident Association Perth Scotland Guarantee of N A 157 St James Street Montreal Canada Hartford Steam Boiler 218 Main Street Hartford Conn Lloyds Plate Glass 68 William Street New York London Guarantee and Accident 139 La Salle Street Chicago 111 Maryland Casualty Company Baltimore Md Metropolitan Plate Glass Company 166 Liberty Street N Y National Surety Company Kansas City Mo New Amsterdam Casualty New York New York Plate Glass New York Preferred Accident 203 Broadway New York Standard Life and Accident Detroit Mich Thames and Mersey Marine 69 Wall Street New York United States Casualty Company 38 Nassau Street New York United States Guarantee Company 111 Broadway N Y Union Casualty and Surety Seventh and Chestnut Streets St Louis Mo United States Fidelity and Guaranty Baltimore MdCOMPTROLLERGENERALS REPORT 5 LIST OF COMPANIES DOING BUSINESS IN THIS STATE IN 1898 THAT HAVE WITHDRAWN British and Foreign Marine London England Southern Fire Atlanta Ga American Mutual Indemnity Association Scranton Pa Bankers Life Association New York N Y Boston Mutual Life Association Boston Mass Connecticut Indemnity Association Waterbury Conn Guaranty Safety Fund Life Association Macon Ga National Life Association Hartford Conn National Mutual Life Association Minneapolis Minn New England Mutual Accident Association Boston Mass New York Casualty Company New York N Y Traders and Travelers Accident Association New York N YCOMPTROLLERGENERALS REPORT LIST OF INSURANCE AGENTS WHO HAVE PAID THE OCCUPATION TAX FOR THE YEAR 1899 From January 1st to October Jst of said Year Briggs W G Byington G Oamak 1 W Co Crane W M Griffith W D Harris Mallory Allen T V H Co Barrett W G Burke J A Cohen T Cohen J J Castello E J Crane W H AlfriencLDunwoody Co Andrews A B Akers F M Alston K 0 Andrews G W Ansley Bro Lipscombe Barker Holleman Bain Vel Besk 0 G Blount M N Co Bridewell R 0 Brown N B Brown T B Burney T A Camp D C Carr Miss A C Cowles J S Dargan J T Field J Fielder Mower Arlington Galkoun Co Ward E Abbeville Wilcox Co Snow H 0 Acworth Cobb Co Mitchell R M Vet Athens Clarke Co Hutchins J C Johnson L M Ketchum W H Kinnebrew E R Lipscombe F A Augusta Richmond Co Graham F T Heard I T Henry S J Henry J W Jacobi J L Mulherin A Armstrong North H M Atlanta Fulton Co Gay A 0 31 Goldsmith H II Harris C R Co Hatcher Dunlap llarralson 31 Vet HaskellW V Hart GN Jones J A Johnson J M KendrickStokes Boyd Lathrop E S LoweVet Manry W F Go Maddox R F Co Moody Thompson McCrory L G Morgan J H Mullen U McCandless Patterson Northern E A Mitchell AL Newton Bryan Oliver I 0 Thomas W W WilkinsJ J Phinizy F Co Sibly G T Skinner Martin Scott 0 H I Symmes Geo A Sons Wylly Pearce J M Pendleton II Peters Thomas Rosenfeld s a Rood R V Russell J s Shepherd J F Shulhaefer A E Seals W B Smith A k Skinner J Thorn 0 C Warren J Webster R E Whitner Cole Willcox C II Wallace B West J R Webster RCOMPTROLLERGENERALS REPORT Carter Woolfolk Vet Clarke CM Davis J S Allen T E Ansley J J Arthur F B Brown IE Callaway M Vet Brown J M Elder E Murphy E S Murphy T E James D W Abrams J B Burroughs W B Vet Brantley T M Crawford C S Owens L A Broadnax E B Alapaha Berrien Co Alexander P W Vet Albany Dougherty Co Gilbert W H Greenfield A IX Mayer D Americus Sumter Co Cobb Jno Vet Cobb W A Council C M Furlow Jones Bainbridge Decatur Co Harrold JDVet Baxley Appling Co Sinclair N M Barnesville Pike Co Murphy O A Powell Holmes Barlow Jefferson Co Outlaw J M Blackshear Pierce Co Brantley B D Jr Blakely Early Co Powell W H Blue Ridge Fannin Co McKinney T S Bowman Elbert Co Brown L C Brunswick Glynn Co Brobston Fendig Co Northern E A Boston Thomas Co Sanders W D Buena Vista Marion Co Roberts J W Buford Qwinnett Co Sudderth D i Cairo Thomas Co Wright K P Carroll ton Carroll Co Reese O Vet Ticknor T M Warren li II Weston B L Harris C W Wheatley J W Co White R L Thornton W J Perry E J Stephens F M Wilkinson W K Parker R H AVright J Singleton C Brown J B ECOMPTROLLERGENERALS REPORT Baggs Perry Bush M E Crois J D Clayton R A Vet DeVories P Jones T R Dennington T W Adamson J W Ledbetter L S Vet Blackmar J Brannon Blackmar Chappell L H Crawford A S Colsey Malone Austin J P Bush B F Butts C C Corley T J Murray 0 W Hood A Iynl YV W Colvard H P Davis E I Dhmuock A E Calhoun Gordon Co Ellis T M Vet Camilla Mitchell Co Turner J C Vet Twitty Mrs W W Perry B P Canton Cherokee Co Mullins L Cartersrille Barlow Co Mann PP Norris J T Neal A P Whigham G P Carnesville Franklin Co McConnell L J Cedarlown Polk Co Sanders Davis Stubbs J S Vet Clarkesville Babersham Co Geo P Erwin Columbus Muscogee Go EdgeC T PI inn Coart Eoreacre B W Harris B H Hill J B Wilcox D P Son Kiniball J B Lott W L McKee H 0 Vet Owsley Huff Redd W T McElvaney Broadnax Palmer A Campbell Iound B B Conyers Rockdale Co Eakes W J Cordele Dooly Co Caldwell E C Jr Ketchum D W Woodward 0 C Corington Newton Co Guinn J I Lester J G Shepherd T J Cochran Pulaski Co Taylor Peacock Chipley Harris Co Murrah T T Culhbert Randolph Co McDonald G Crawforddlle Tallaferro Co Maltbie M N Moore C G Dalton Whitfield Co Owens J AV Thomas J D Darien Mclntosh Co Kennan SCOMPTROLLERGENERALS REPORT Bell J M Horseley J A Skelton J S Blackshear E J Corker F G Burch Herman Gentry R D Vet Allen J C Heard Blackwell Smith A F Bowen S A Carter Fletcher Brown W E Culepper G B Dawson Terrell Co Lowry M M Co Parks J G Loyless Adams Douglas Coffee Co Walker J J Ward Hilliard Demorest Habersham Co Brown J J B Dry Pond Jackson Co Keith C A Dublin Laurens Co Haynes M T Vet Robinson F 11 Park Harper Co Eastman Dodge Co Gentry E T MurrellC B Vet Eatonton Putnam Co Adams I H Vet Little W C Elberlon Elbert Co Thrower H Wilhite Arnold Fitzgerald Irvrin Co Curry M Symonds H B Forsyth Monroe Co Turner Vet Fort Gaines Clay Co Peterson R E Flotilla Butts Co Lindsay M A Fort Valley Houston Co Gray Skellie Marshall J D Gainesville Hall Co Chambers E P Vet Dozier C A Vet Candler T C Kimbrough E E Palmer B T AVhelchel B H Garlandcille Franklin Co McFarland J M Greensboro Greene Co Kimbrough W A Vet Norton 0 C Vet Weaver W M Vet Grantcille Coweta Co Banks N O Sewell Nali Greenville Meriweilier Co Pinkston W L10 COMPTROLLERGENERALS REPORT Drake R H Oo Gray S B Johnson Murray Saffold T P Griffin Spalding Co Murphey T E Nichols J P Rhea J G Guyton Effingham Co Smith J C Sorrell A 0 Vet Tignor J 0 Hawkinsvitle Pulaski Co BozemanJBH Vet Parsons B F Pearce D R McGriff J P Carson J M A1 ford Thornton Herndon C M Bazell J W Ragan T B AVhitfield J J Curry Marion Co Etheridge F A Jackson Mercantile Co Abraham R P Johnson J T Harmony Grove Jackson Co Walker C W Hariwcll Hart Co Hodges J H A Co Thornton D A Hogansville Troup Co Smith T J Harlem Columbia Co Blanchard L E Hampton Henry Co Griffin 8 H Helena Telfair Co Whitted J M lrwinton Wilkinson Co Chambers T B Irwinville Irwin Co Puchett T B Jackson Butts Co Mallette Nutt Thornton J 1 Jewells Hancock Co Jewell D A Jr Jefferson Jackson Co Bell A J Vet Jesup Wayne Co Littlefield O F Knoxville Craioford Co McCrary H D LaGrange Trottp Co Barker E C Evans W S Lawrenceville Girinneit Co Brand C H L M Peeples R W Sasser W MCOMPTROLLERGENERALS REPORT 11 Truitt T 0 Costello E J Oook Tanner Barker AE Stewart J S Billings J AV Cabaniss Galloway Oabaniss Harris H C Happ L M Julian W J Mann 8 F Ogden J H L Solomon W AY Bearden J W Vet Baldwin W P Buttolph Gilbert Groves J T Vet Atkins T E Bridges H C Daniel Applewhite Andrews II Carrington Miss 0 B C S Miller Bell Anderson M Lew is i A La Fayetle Walker Co AVardlaw Mrs Hattie E Leesburgh Lee Co Beazley H Louisville Jefferson Co Farmer L R Lavonia Franklin Co Dobbs E A Luiwpkin Stewart Co Mardre W S Lithonia DeKalb Co J C Johnson Vet Macon Bibb Co Bone AV H Cobb Stetson Mallory Curd Walker Hodges J 0 Holt A T Vet Jewett George B Middlebrooks F G Redding W A Tinpin S B Sons McRae Telfair Co McRae Co Madison Morgan Co Furlow H H Marshallrille Macon Co Rice AV H Marietta Cobb Co Cohen A S Matsrille Jackson Co Yeargin AY M McDonough Hmry Co Lowe M 0 Milieu Screven Co 11 innphrey C II Milkdgevillf Baldwin Co Bethune W L Conn O M Lane E P Monroe Walton Co Lawshe P F Walker C M Knox S C Pugh G AV Budd J S Corbett AV P Harris M Harvey H J Vet Home II Lowry T S Jr Murphey T E Sewell A M West T Shaw H T Taylor IIAV Hill Aliss Daisy Bland M II Laniar Bros Vei McCraw M A kau pence T II Watkins P 12 COMPTROLLERGENERALS REPORT DeVaughan J E Lewis J F Son Burney A H Bish J I Vet Clarke Z II Anderson North Fisher It C Co Coper C F Co Baum M Branch Kennon Dixon RJ Graefer A H Beyseigle W E Chenney A I Cothran Co Brooks 1 F Cohen M A Co oleman II Coney W M W E Daniel Oarswell Bearing Hull Dreyfus S E Da van I R 1 Son Elliott A B Farie A L Tripp W 0 Co Bashinsky Rogers Karies i W Gallaher Win Vet Edwards Bros Montezuma Macon Co Felton A C McKenzie J W Monticello Jasper Co Hill H C Morgan Calhoun Co Monroe A I Vet Moultrie Colquitt Co Cottle 0 J Netvnan Coweta Co Goodrum J J Hill A W Periy Houston Co Holland E H Pelham Mitchell Co Twitty W C Quitman Brooks Co Davis J R DeLoaeh C Richland Stewart Co Lay field Bell Reynolds Taylor Co Ilinton R A Rockmart Polk Co Beazley R R Rome Floyd Co Funkhouser S Goetchius C B Govan M F Savannah Chatham Co Guerrard A G Vet I laines f S Milliard I H Hopkins W T Harrison W G R C Jackson S F Jones Jones Key II W Kolshorn F Kolloch Screven Hill Y Taylor L H Pearsall A Shipj McKenzie W W Martin J 1 Grooves Co Marshall A A Graves R W 0 Rounsaville S II Yancey IT Marshall A A Moses C F Co OConnor E 11 Rowland Rowland Schley J Shelhnan A L Shnlhaeier A Pendergast A Black Thomas T F Train Harty Sandersville Washington Co Irwin A J Roberson S B Wicker T 0 Jr Senoia Coweta Co Pollock J D Wicker T O Worthen i BCOMPTROLLERGENERALS REPORT 13 Arthur T R Burnett W H Duggan M L Lee J B Chance H 11 Polhill 1 G Shellman Randolph Co Crittenden H C Jay W T Social Circle Walton Co Mobley M L Sparta Hancock Co Walker J D Wilson Shiver Statesboro Bulloch Co Ledsinger G Wilson J W Summerville Chattooga Co McArver J A Swaynesboro Emanuel Co Williams S G Syliauia Screven Co Matthews W L Sylvester Worth Co Wilder W C Co Tallapoosa Harrahon Co Greeley Geo M Co Griffith T W Quackenbush G F Co Talbotton McLaughlin J T Smith L W Bardwell R N R Carreker N P Thomasville Thomas Co Bennett A Culpepper 1 T Comfort B M Co Keese W M Evans Son llansell Merrill Smith E M Vet MaUette E M Parker John F Proctor Wm Curtis W S Banks W W Bashniski I Co Ramsey II A Harris 1 S Jessup J L Smith R Vet Thomaston tpson Co King J S Thomson McDuffie Co McLean A h Tiflon Berrien Co Carson B Peeples B A Sons Teimille Washington Co Franklin T Toccoa Habersham Co Simpson l L Valdosta Lowndes Co Lang W Richarson B J Peeples K A Son Symms A V Villa Rica Carroll Co Pope J H14 COMPTROLLERGENERALS REPORT Farmer C 0 Anthony E M Barksdale R 0 Goldsmith H H Goldsmith M E Fulcher W M Jackson A 0 Arline Cook Hicks J H Vienna Dooly Co RushinM E Warrenton Warren Co Farmer Allen Little J T Washington Wilkes Co Green T B Hardeman S H Waycross Ware Co Knight Marshall Lott Youmans Turner J R Myers E H Stanton V L Gwyn C R Waynesboro Burke Co Jones W E Neely R 0 West Point Trottp Co Lanier P Winder Jackson Co Dabney W J Wrightsville Johnson Co Jackson Farmer Outlaw E A Zebina Jefferson Co Greene N Zebulon Pike Co Iverson R C Special Agents Who Have Paid Tax to Canvass the Entire State Angier A mall OK Atlanta Office of Bankers Casualty Bagley H 0 Boynton Jeffcoat ButtF M ByckM L Bowen 1 A Cameron 1 S Cobb II H Crandall G L KoE A Go Felder T B Jr Grady W E Harper W E Co IIarty Apple Haas A Son Hawkins W E Co Hodgson G T Haas Co Hardeman Eugene Hilliard Lowry Kendall J M Kraus D Leary Haas Milledge RH Nutting J C Co Perdue Eggleston Porter Moore Pendleton V M Prince J T Riley JL Co Rowland J T Schatz S W Terrell W A Thomas W B White V W AVilson W L Co NunIn addition to the above 780 paid in October November and December 1898 and 90 paid in first quarter of 1899 for agents of 1898COMPTROLLERGENERALS REPORT 15 AGRICULTURAL FIRE INSURANCE CO OF WATERTOWN N Y ICAPITAL 1 Whole amount of capital stock 500000 00 2 Amount paid up in cash 500000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incubrances thereon 346110 00 2 Loins on bond and motrgage duly recorded and being first Hens on the fee simple 914175 32 3 Interest due on all said bond and mortgage loans 5 38506 interest accrued thereon 1645093 total 21S35 99 4 Value of lands mortgaged exclusive of build ings and perishable improvements 1143226 00 5 Value of buildings mortgaged insured for 755095 as collateral 837333 00 6 Total value of said morgaged prem ises carried inside 1980559 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 441031 25 11 Total par and market value of stocks bonds and all other securities except mortgages and amount loaned thereon 221526 66 12 Cah in companys principal office 25828 16 13 Cash belonging to the company deposited in bank National Union 5564851 Jeffer son Co National 4290636 NationalBnk and Loan Co 544976 Watertown Na tional 2041953 Watertown Savings 3000 Manhattan Co 2444445 total 151868 61 Total cash items 177696 77 15 Interest due and accrued on stocks not included in market value uncollected 3839 25 16 Interest due and accrued on collateral loans and uncol lected 6128 40 17 Cash in hands of agents and in course of transmission 168212 76 All other assets both real and personal as per schedule at tached iz Rents due and accrued 850 due from other companies for reinsurance on losses already paid Capital Fire 160 Erie Fire 200330 Associated Man ufacturers Mutual 1024 American Fire Pa 388 London Lancashire 4750 Royal 5909 29si 7 2303508 19 Amount deducted from above asssts on account of bad and doubtful debts and securities viz from No 1 12000 12030 00 Total assets of the company actual cash market value 2291568 19 IIILIABILITIES 1 Losses due and unpaid 50927 71 2 Gros3 losses in process of adjustment or in suspense including all reported and sup posed losses 22263 81 16 COMPTROLLERGENERALS REPORT 3 Loses resisted including interest costs and other expenses thereon 27000 00 4 Total gross amount of claims for losses 10020152 5 Deduct reinsurance thereon 10051 S8 6 Net amount of unpaid losses 90196 64 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 53144200 unearned premiums fifty per cent 290721 00 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 162763648 unearned premiums pro rata 815291 51 11 Total unearned premiums as computed above carried out 1106012 51 16 Cash dividends to stockholders remaining unpaid 500 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commission brokerage and other charges due and to become due to agents and brokers or premiums paid and in course of collection 4027236 reinsurance 2918900 total 6 461 36 20 Total amount of all liabilities except capital stock scrip and net surplus 1265675 51 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 525892 68 24 Aggregate amount of all liabilities including capital paid up and net surplus 2291563 19 IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of col n Fire Risks lection at close of last previous year as shown by that years statement 200487 13 2 Deduct amount of same not collected 3211 30 3 Net collected 197275 83 4 Gross premiums on risks written and renewed during the year 1396243 54 5 Total 1593519 37 li Deduct premiums and bills in course of col lection at this date 168242 76 7 Entire premiums collected during the year 1425276 61 8 Deduct reinsuranc and return premiums 572260 97 9 Net cash actually received for premiums carried out 853015 64 10 Received for interest on bonds and mortgages 53805 35 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 28877 28COMPTROLLERGENERALS REPORT 17 12 Income received from all other sources omitting increase if any in value of securities viz Rents 58801 net less taxes and expenses total 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR On Fire Risks 2 1 Gross amount actually paid for losses in cluding 8691315 losses occuring in pre vious years 605389 24 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 1052168 and all amounts actually received for reinsurances in other companies 14193272 total deductions 152454 40 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employes Paid for State national and local taxes in this and other States All other payments and expenditures viz General and agency expenses postage exchange board taxes sta tionery printing and maps total Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year ending December Fire Risks 808500 00 9791 43 3381 16 3516 16 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 8 9 588 01 936286 28 452934 84 50050 00 166040 35 92025 78 39298 22 91229 25 Fire marine and inland risks written Premiums received gross Losses paid Losses incurred 891578 44 31 1898 Aggregate 808500 00 9791 43 3381 16 3516 16 Risks Premiums Losses Tax 858018 00 11637 23 4602 51 L16 37 AMERICAN FIRE INSURANCE COMPANY OF NEW YORK 400000 00 I CAPITA I 1 Whole amount of capital stocki 2 Amount paid up in cash 410000 00 IIASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 14 500 00 3 Interest due on all said bond and mortgage loans interest accrued thereon f8342 total 83 4218 COMPTROLLERGENERALS REPORT 9 Total nar and market value of stocks and bonds owned ab solutely by the company carried out at market value 931 W 11 Total par and market value and amount loaned thereon 3o000 00 12 Cash in companys principal office 13 Cash belonging to the company deposited in bank of Amer ican Exchange National Bank N Y 2240948 United States Mortgage and Trust Co N Y 3948978 Union National Bank Chicago 1079089 Bank of British North America San Francisco Cal 3902 09 total 065 iA 15 Interest due and accrued on stocks not included in market value uncollected 16 Interest due and accrued on collateral loans and uncollected 00 17 Cash in hands of agents and in course of transmission ikiuj ui All other assets both real and personal viz Du9 from other companies for reinsuranrJe on losses already paidu Total assets of the company actual cash market 1245158 71 value IIILIABILITIES 1 Losses due and unpaid 253S0 27 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 43985 44 3 Losses resisted including interest costs and other expenses thereon 4988 02 4 Total gross amount of claims for losses 74353 73 5 Deduct reinsurance thereon 926 87 6 Net amount of unpaid losses 6j096 8S 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 40947127 Unearned premiums fifty per cent 1343o 03 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 250580 72 Unearned premiums prorata 146415 26 11 Total unearned premiums as computed above carried out 381150 89 lo All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions brokerage and other charges due and to become due to agents and brokers on premiums paid and in course of collection 3028561 reinsurance 49696 total 30782 57 20 Total amount of all liabilities except capital stock scrip and net surplus 477030 32 21 Joint stock capital actually paid up in cash 400000 00 23 Surplus beyond capital and all other liabilities 308728 39 24 Aggregate amount of all liabilities including capital paid up and net surplus 1245758 71COMPTROLLERGENERALS REPORT 19 IVINCOME DURING TUB YEAR On Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 122504 06 3 Net collected 122504 06 4 Gross premiums on risks written and renewed during the year 853500 57 5 Total 976004 63 6 Deduct premiums and bills in course of col lection at this date 142979 33 7 Entire premiums collected during the year 333025 25 8 Deduct reinsurance and return premiums 243043 74 9 Net cash actually received for premiums carried out 589981 51 10 Received for interest on bonds and mortgages 725 00 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 3872S 11 12 Income received from all other sources omitting increase if any in value of securities viz Recovered on doubtful balances126 16 15 Aggregate amount of income actually received during the year in cash 629500 7S VEXPENDITURES DURING TEE YEAR On Fire Risks 1 Gross amount actually paid for losses includ ing 3000650 losses occurring in previous years 35lV93 84 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 1037983 and all amounts actually received for reinsurances in other companies 1547796 total deductions 25857 79 3 Net amount paid during the year for losses 330936 05 6 Paid for commissions or brokerage 128722 69 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 53111 74 8 Paid for State national and local taxes in this and other States 19955 69 9 All other payments and expenditures viz postage adver tising local and State boards maps stationery traveling and sundries total 40105 IS Aggregate amount of actual expenditures during the year in cash 57831 35 Business in the Stale of Georgia during the year ending Dec 31 1898 Fire Risks Fire marine and inland risks written 927260 00 Premiums received gross jo9 Losses paid V C Losses incurred Jo 00 20 COMPTROLLERGENERALS REPORT BUSINESS IN GEORGIA FOR YEAR ENDING APRL 30 1899 Risks 1238491 00 Premiums 17951 85 Losses 7138 48 Tax 179 51 ETNA INSURANCE COMPANY HARTFORD CONNECTICUT ICAPITAL 1 Whole amount of joint stock or guaranteed capital author ized 5000000 00 2 Whole amount of capital actually paid up in cash 4000000 00 IIASSETS 1 Value of real estate owned by the company less the amount of encumbrances thereon 225000 00 2 Loans on bond and mortgage duly recorded and being fir3t liens on the fee simple upon which not more than one years interest is due 35600 00 4 Interest due on all said bond and mortgage loans interest accrued thereon 32045 total 320 45 5 Value of the lands mortgaged exclusive of buildings and perishable improvements 38200 00 0 Value of the buildings mortgaged insured for 2650000 as collateral 38000 00 7 Total value of said mortgaged premises car ried inside 76200 00 8 Total par and market valu of all stocks and bonds owned absolutely by the company carried out at market value 10924392 30 10 Account of stocks bonds and all other securities except mortgages hypothecated to the company as collateral security for cash actually loaned by the company with the par and market value of the same and the amount loaned on each Par Valua National Bank of Com merce New York 25 shares of 100 each 2500 00 Mechanics National Bank New York 25 shares of 25 each 525 00 Mark t Value 5300 001 1187 50J Amount Loaned Thereon 3600 00 11 Total par and mar ket value and amount loaned thereon 3125 00 6487 50 12 Cash in companys principal office 13 Cash belonging to the company deposited in bank as follows iEtna National Bank Hartford 832222 Charter Oak National Bank Hartford 3000000 City Bank Hartford 5531737 Connecticut River Banking Company Hartford 3000000 3600 00 3600 00 1720 29COMPTROLLERGENERAL3 REPORT 21 Fidelity Company Hartford 2000000 Farmers and Mechanics National Bank Hartford 3000000 First National Bmk Hartford 3000000 Hartford National Bank Hartford 3000000 National Ex change B ink Hartford 3000000 Phcenix National Bank Hartford 36724931 State Bank Hartford 3000000 New York Life and Trust CompanyNew York 2501000 United States Trust Company New York 7757084 Merchants National Bink Cin cinnati 1260181 Omaha National Bank Omaha Neb 1340340 Bank of Califor nia San Francisco 126600 Total 790730 95 792451 24 14 Interest due and accrued on stocks not included in mar ket value 62500 Accrued on special deposits 137500 1000 00 15 Interest due and acsrued on collateral loans 90 00 16 Gross precums in due course of collection not more than three months due 645167 46 The gross amount of all the assets of the company 12627621 45 Aggregate amount of all th3 assets of the company stated at their actual valua 12627621 45 IIILIABILITIES 1 Gross claims for adjusted an 1 unpaid losses due and to become due 41631 16 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 480782 51 3 Losses resisted including interest cost and other expenses thereon 29839 55 4 Total gross amount of claims for losses 552303 22 5 Deduct reinsurance thsreon 103317 45 6 Net amount of unpaid losses 448985 77 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 243S03608 unearned premiums fifty per cent 1219048 04 8 Gros3 premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 345557465 unearned premiums pro rata 18543S9 44 9 Gross premiums without any deduction in cluding both cash and bills received and receivable upon all unexpired inland nav igation risks 12636184 unearned prem iums fifty per cent 63180 92 11 Total unearned premiums as compute above carried out 3136018 4022 COMPTROLLERGENERALS REPORT 12 Amount reclaimable by the insured on perpetual fire insur ance policies being ninetyfive per cent of the premium or deposit received 63665 65 20 All other demands against the company absolute and con tingent due and to become due admitted and contested viz State city county or other taxes or assessments commissions brokerage and other charges due and to become due to agents and brokers on premiums paid and in course of collection 10594055 Return premium 6356433 Total 169504 88 21 Total amount of all liabilities except capital stock and net surplus 3818774 70 22 Joint stock capital actually paid up in cash 4000000 00 23 Surplus beyond capital and other liabilities 4808846 75 25 Aggregate amount of all liabilities incuding paidup capi tal stock and net surplus12027621 45 IVRECEIPTS DURING THE YEAR Frm From Fire Risks Inland Risks I Gross premiums and bills un paid at close of last year as shown by income 6 of that years statement 544174 52 78605 23 3 Net collected 544174 55 78608 28 4 Gross premiums on risks writ ten and renewed during year as shown in exhibit item 2 page 4 4505826 45 293794 88 5 Totals 5050000 97 372403 16 6 Deduct Gross premiums and bills in course of collection at this date 573843 40 7134 06 7 Entire premiums collected during the year 4476157 57 301079 10 8 Deduct reinsurance rebate abatement and return pre miums 893113 23 109203 87 9 Net cash actually received for premiums carried out 3583044 34 191875 23 3774919 57 10 Received for interest on mortgagt s 1958 78 II Received for interest and dividends on stocks and bonds collateral loans and all other sources 501103 38 12 Income received from all other sources viz Rents 530743 5307 43 13 Deposit premiums less five per cent re ceived for perpetual fire risks carried in side 9654 14 15 Aggregate amonnt of receipts actually received during the year in cash 4283289 16COMPTROLLERGENERALS REPORT 23 EXPENDITURES DURING THE YEAR Or Fire Eisks On Inland Risks 1 Gross amount actually paid for losses including 33956087 losses occurring in previous years 2167357 92 204794 37 2 Deduct all amounts actually re ceived for salvagewhether on losses of the last or pre vious years 1433892 and all amounts actually re ceived for reinsurance in other companies 28568555 Total deductions 231623 96 68400 51 3 Net amount paid during the year for losses 1935733 96 136393 86 2072127 82 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 720030 720000 00 6 Paid for commissions or brokerage 605523 39 7 Paid for salaries fees and all other charges of officers 38 958 33 clerks 5495813 agents and all other em ployees 18004242 273958 88 8 Paid for state national and local taxrs in this and other states m42i 76 9 All other payments and expenditures Interest on bor rowed money general expenses printing adver tising postage exchange express charges traveling expenses etc Total 290192 63 10 Amount of deposit premium returned during the year on perpetual fire risks 73945 Aeerecate amount of actual expenditures during the year in cash 4073227 48 Business in the Slate of Georgia Daring the Year 1898 FireRiks Aggregate Fire and Man 1 marine risks taken 5452150 00 545215 I 00 Premiums received 8 45572 9b 4v 9 L0SSeSpaKl 47425 28 47425 28 Losses incurred BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 5530971 00 Rlsks 81516 52 Premiums 4970S 41 Losses 815 16 Tax24 COMPTROLLERGENERALS REPORT ATLANTA HOME FIRE INSURNCE COMPANY ATLANTA GA ICAPITAL 1 Whole amount of capital stock 500000 00 2 Amount paid up in cash 500000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbranees thereon 79 230 32 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 310 792 41 3 Interest due on all said bond and mortgage loans 159479 interest accrued thereon 1062519 total 15 219 98 4 Value of lands mortgaged exclusive of build ings and perishable improvements 494500 00 5 Value of buildings mortgaged insured for 118287500 as collateral 194 400 00 6 Total value of said mortgaged premises carried inside 688900 00 9 Total par and market value of stocks and bonds owned abso lutely by the company carried out at market value 291247 50 11 Total par and market value of stocks and bonds and all other securities except mortgages and amount loaned thereon 28675 96 12 Cash in Companys principal office 591 51 13 Cash belonging to the company deposited in bank Lowery Banking Co 2424326 Cen tral National Bank N Y 836 40 25079 66 Total cash items 25 671 17 15 Interest due and accrued on stocks and bonds not included in market value uncollected 1 409 20 16 Interest due and accrued on collateral loans and uncollected 1018 65 17 Cash in hands of agents and in course of transmission 56 162 33 Total assets of the company actual cash market value 809427 52 IIILIABILITIES 2 Gross losses in process of adjustment or in sus pense including all reported or supposed losses 46744 32 3 Losses resisted including interest cost and other expenses thereon 2 125 00 4 Total gross amount of claims for losses 58869 32 5 Deduct reinsurance thereon 25 727 30 6 Net amount of unpaid losses 33 142 02 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of VMcJ 192986 00 Unearned premiums fifty percent 96 493 00COMPTROLLERGENERALS REPORT 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 10873319 Unearned pre miums pro rata 6661000 9 Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired in land navigation and marine risks 20 Total amount of liabilities except capital stock scrip and net surplus 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR On Fire Risks 1 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 27695 21 2 Deduct amount of same not collected 27595 21 3 Net collected 4 Gross premiums on risks written and renewed during the year 482402 57 5 Total 509997 78 6 Deduct premiums and bills in course of collec tion at this date 56162 33 7 Kntire premiums collected during the year 453835 45 8 Deduct reinsured and return premiums 214034 91 9 Net cash actually received for premiums car ried out 11 Keceived for interests and dividends on stocks and bonds col lateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities 15 Aegregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR On Fire 1 Gross amount actually paid for losses includ ing 1224871 Losses occurring in pre vious years 147208 91 2 Deduct all amounts actually received for sal vageswhotber on losses of the last or of pre vious year 45357 and all amounts actually received for re insurances in other companies 2402372 total deductions 24477 29 Net amount paid during the year for losses 25 163103 00 196245 02 500000 00 113182 50 8C9427 52 239800 54 36410 08 10058 30 286268 92 122731 62 26 COMPTROLLERGENERALS REPORT 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 40000 00 6 Paid for commissions or brokerage 54276 32 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 18990 42 8 Paid for State national and local taxes in this and other States 6023 42 9 All other payments and expenditures viz Stationery 202496 repairs and expenses on real estate 45634 fur niture and fixtures 27544 miscellaneous 1208592 inter nal revenue 109825 15940 91 10 Rent 1963 75 Aggregate amount of actual expenditures during the year in cash 259926 44 Business in the State of Georgia During the year ending December 31 1898 Fire marine and inland risks written 4577958 00 Premiums received gross 67121 98 Losses paid 18179 38 Losses incurred 19354 73 BUSINESS IN GEORIGA FOR YEAR 1899 ENDING APRIL 30 1899 Rsts 4452350 00 Premiums 69378 57 Losses 14658 37 Tax 693 78 BRITISH AMERICA ASSURANCE COMPANY OP TORONTO CANANDA IIASSETS Account of Bonds of the United States and of this State and of other States and nho of Bonds of incorporated cities in this State and of all other Bonds and Stocks owned absolutely by the Company 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 10000 00 9 Total par and market value of bonds and stocks owned absolutely by the company carried out at market value 998072 75 13 Cash belonging to the company deposited in bankCanadian Bank of Commerce New York 42188 60 15 Interest due and accrued on stocks not included in market value uncollected 9712 51 17 Cash in hands of agents and in course of transmission 205088 77 18 Bills receivable not matured taken for fiie marine and inland risks 6368 48 Total assets of the company actual cash market value 1271431 11 III LIABILITIES 1 Losses due and unpaid 60602 C5 2 Gross losses in process of adjustment or in sus pense including all reported and supposed losses 57889 69COMPTROLLERGENERALS REPORT 3 Losses resisted including interests costs and other expenses thereonJ880JJU 4 Total gross amount of claims for losses 128371 74 6 Net amount of unpaid losses I Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 63575334 Unearned premiums ii t 317876 67 fifty per cent 8 Gross premiums without any deduction re ceived and receivable upon all unexpired lire risks running more than one year from date of policy 42538855 Unearned premiums pro rata 228006 72 9 Gross premiums without any deduction includ ing both cash and bills received and re ceivable upon all unexpired inland naviga tion and marine risks 28898 25 10 Gross premiums without any deduction re ceived and receivable on all unexpired ma 7326 59 rino risks II Total unearned premiums as computed above carried on 19 All other demands against the company ab solute and contingent due and to become due admitted and contested viz commis sion brokerage and other charges 4073196 return premiums 1922970 reinsurance 80238 20 Total amount of all liabilities except capital stock scrip and net surplus 23 Surplus beyond capital and all other liabilities 21 Aggregate amount of all liabilities in cluding captal paid up and net sur plus IVINCOME DURING THE YER On Marine ami On Fire Risks iuialla RLks 1 Gross premiums and bills in course of collection at close of last previous vear as shown by that years statement 197039 85 19192 20 3 Net collected W089 86 19 192 20 4 Gross premiums on risks written and renewed during the year U2896569 208177 71 Total1326005 54 227360 91 G Deduct premiums and bills in course of collection at this date 183579 27 21509 50 27 128371 74 582 198 23 60 764 04 771334 01 500097 10 1271431 1128 COMPTROLLERGENERALS REPORT 7 Entire premiums collected during the year1142426 27 205860 41 8 Deduct reinsurance and return premiums 283792 56 44204 84 9 Net cash actually receeived for premiums carried out 858633 71 161655 57 1020289 28 11 Received for interests and dividends on stocks and bonds col lateral loans and from all other sources 42 776 04 15 Aggregate amount of income actually received during the year in cash 1063065 32 VEXPENDITURES DURING THE YEAR On Fre Risks n Inland Risks 1 Gross amount actually paid for losses including 11829275 losesoccuring in previous years 611047 84 133 462 11 2 Deduct all amounts actually re ceived for salvages whether on losses of the last or of previous year 954789 and all amounts actually received for reinsur ance in other companies 68 16549 Total deductions 61969 17 15744 21 3 Net amount paid during the year for loEses 549078 67 117717 90 666796 57 6 Paid for commissions or brokerage 193 8y8 23 7 Paid for salaries fees and other charges of officers clerks agents and ail other employes 49 030 42 8 Paid for state national and local taxes in this and other states 31890 87 9 All other payments and expenditures viz Advertising board and patrol exchange office expenses postage print ing and stationery and supervision 71 007 90 Aggregate amount of actual expenditures during the year in cash 1017625 99 Business in the State of Georgia during the Year ending Dec 31 1898 Fire Risks Fire marine and inland risks written 1174 977 00 Premiums received gross 17447 4 Losses paid 18 731 m Losses incurred 20 273 33 BUSINESS IN OEORQIA FOR YEAR ENDING APRIL 30 1899 Eisks 1114631 00 Premiums 1407J 15 LosstE 20462 88 Ta 140 79COMPTROLLERGENERALS REPORT UNITED STATES BRANCH OF THE CALEDONIAN FIRE INSUR ANCE COMPANY OF EDINBURGH SCOTLAND I CAPITAL 1 Whole amount of capital stock 5000000 00 2 Amount paid up in cash 037500 0 II ASSETS 9 Total par and market value of stocks and bonds owned abso lutely by the company carried out at market value 1732695 00 12 Cash in companys principal office 427 10 13 Cash belonging to company deposited in bank American Exchange National Bank of New Tork trustees account 1106820 managers account 7920250 Bank of British North America San Francisco 156177 total 91832 47 15 Interest due and accrued on bonds not included in market value uncollected 20871 63 18 Bills receivable not matured taken for fire marine and inland risks 521 11 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 2901 55 Gross premiums as written in the policies in course of col lection on policies written within three months 151767 52 Total assets of the company actual cash market value 2001016 38 III LIABILITIES 1 Losses due and unpaid 98671 72 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 54506 22 3 Losses resisted including interest costs and other expenses thereon17316 67 4 Total gross amount of claims for losses 170494 61 5 Deduct reinsurancc thereon15950 42 6 Net amount of unpaid losses 154544 19 7 Gross premiums without any deduction received and receivable upon all unexpired fire risks running one year or less from date of pclicy 8S033286 unearned premiums 50 per cent440166 43 8 Gross premiums without any deduction received and receivable upon all unexpired fire risks running more than one year from date of policy 864 31633 unearned premiums pro rata459664 15 11 Total unearned premiums as computed above 899S30 08 19 AH other demands against the company absolute and contin gent due and to become due admitted and contested viz Commission brokerage and other charges due and to be came due to agents and brokers on premiums paid and in course of collection 3199203 reinsurance 2035776 other liabilities 251211 contingent 10 00000 61861 90 20 Total amount of all liabilities except capital stock scrip aid net surplus 1119286 u 23 Surplus beyond capital and all other liabilities 88177 71 24 Aggregate amount of all liabilities including capital paid up and net surplus 2001016 3830 COMPTROLLERGENERALS report IV INCOME DURING THE YEAR On Fire Risks 1 Grrss premiums and bills in course of collection at close of last previous year as shown by that years statement 167 138 17 4 Gross premiums on risks written and renewed during the year1552840 27 5 Total1719978 44 6 Deduct premiums and bills in course of collection at this date 156907 20 7 Entire premiums collected during the year 1563071 24 8 Deduct reinsurance and return premiums 384173 21 9 Net cash actually received for premiums 1178898 03 11 Received for interests and dividends on stocks and bonds col lateral loans and from all other sources 73421 15 15 Aggregate amount of income actually received during the year in cash 1252319 18 V EXPENDITURES TURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses 910301 54 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 510702 and all amounts actually re received for reinsurances in other companies 9684295 Total deductions 101949 97 3 5et amount paid during the year for losses 808351 57 5 Paid for commissions or brokerage 242893 76 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 94183 94 8 Paid for State national and local taxes in this and other States 39220 05 9 All other payments and expenditures viz Kent traveling stationery printing advertising war revenue legal and all other expenses 72301 72 Aggregate amount of actual expenditures during the year in cash 1250951 04 Business in the State of Georgia During the Year Ending December 31 1898 Fire marine and inland risks written 849179 00 Premiums received gross 15749 12 Losses paid 26126 51 Losses incurred 26724 12 BUSINESS IN GEORGIA IOR YEAR ENDING APRIL 30 1899 Ris 872196 00 Premiums 16126 55 Losses 26812 16 Tax 161 26COMPTROLLERGENERALS REPORT 31 THE COMMERCIAL UNION ASSURANCE COMPANY LTD OF LONDON ENGLAND IASSETS 1 Market value of real estate owned by the company f the amount of incambrances thereon 88814 by 2 Loans on bond and mortgage duly recorded and being first r i 26o500 v liens on the fee simple 3 Interest due on all said bond and mortgage loans in terest accrued thereon 3375905 total VJ 4 Value of lands mortgaged exclusive of buildings and perishable improvements 168003 00 5 Value of buildings mortgaged insured for 212000 as collateral 263000 00 Total value of said mortgaged prem ises carried inside 448000 00 9 Total par and market value of stocks and bonds owned abso lutely by the company carried out at market value I78bl6 OU 12 Cash in companys principal office 16026 to 13 Cash belonging to the company deposited in bank ot NY Life Insurance and Trust Co25235088 National Bank of Commerce N Y 14428298 American Exchange Na tional N Y 2087055 Colorado National Denver 9 3865 AnoloCalifornia San Francisco 15 40373 A 435244 39 total 15 Interest due and accrued on stocks not included in market i i 26654 lo value uncollected 17 Gross premiums aswritten in the policies in course of col lection on policies written within three months 387b04 14 18 Bills receivable not matured taken for tire marine and inland 1548 50 risks All other assets both real and persjnal viz Rents due and accrued 7 41456 due from other companies for re insurance on losses already paid251731 viz American of N Y 3968 Commercial Union of N Y250 Caledonian of Scotland 4375 Security of Conn 1 89 79 London Assurance of England 54159 agents 97 10693 14 balances 76127 Total assets of the company actual cash market value 3772793 69 IIILIABILITIES 1 Losses due and unpaid 59073 lo 2 Gross losses in process of adjustment or in sus pense including all reported and supposed T 147740 00 losses 3 Losses resisted including interest costs and other expenses thereon 23875 JJ0 4 Total gross amount of cUims for losses 230688 75 6 Deduct reinsurance thereon 190500 G Net amount of unpaid losses 228783 7532 COMPTROLLERGENERALS REPORT 11 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy unearned premiums fifty per cent 1680194 83 840097 42 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 97420777 unearned premiums pro rata 1845110 75 Total unearned premiums as computed above carried out 181430 19 12 Net premiums reserve and all other liabilities except capital under the life insurance or any other special department 91349 28 19 All other demands against the company absolute and contin gent due and to Become due admitted and contested viz Commissions brokerage and other charges due and to be come due to agents and brokers on premiums paid and in course of collection 4743474 return premiums 536999 reinsurance 467423 57 478 96 Total 2191917 18 23 Surplus beyond capital and all other liabilities Ii80 876 51 24 Aggregate amount of all liabilities including capital paid up and net surplus 3772793 69 IV INCOME DURING THE YEAR Fire Risks Gross premiums and bills in course of collection at close of last pre vious year as shown by that years statement 397732 06 Net collected 397732 06 Gross premiums and risks written during the year2 809230 88 Marine and Inland Risss 3206902 94 5 Total 6 Deduct premiums and bills in course of collection at this date 387032 30 7 Entire premiums collected during the year2819930 64 8 Deduct reinsurance and return premiums 584055 58 9 Net cash actually received for premiums carried out 2235875 06 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stocks and bonds col lateral loans and from all othor sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents 22566 67 total 3500 00 3500 0J 33893 75 37393 75 5054 84 32338 91 7380 6ii 24958 25 2260833 31 6048 83 78032 74 22566 67 15 Asgregate amount of ineome actually received during the year in cash 2367481 55COMPTROLLERGENERALS REPORT 33 V EXPENDITURES DURING TUB YEAR Marine and Fire Risks Inland Risks 1 Gross amount actually paid for losses including 17281992 losses occurring in previous years 1305830 66 28554 82 2 Deduct all amounts actually re ceived for salvages whether on losses of the last or previous year 1312033 and all amounts actually received for reinsurance in other compa nies 5869332 total deduc tions 62658 31 9155 34 3 Net amount paid during the year for losses 1243172 35 19399 48126257183 6 Paid for commission or brokerage 443447 53 7 Paid for salaries fees and other charges ot officers clerks agents and all other employes 146130 01 8 Paid for State national and local taxes in this and other States 70300 45 9 All other payments and expenditures viz Boards advertis ing printing and stationery traveling and surveys maps postage telegrams agency expenses furniture office ex penses and legal total 143633 52 10 Sent to Home office during the year 192686 93 Aggregate amount of actual expenditures durng the year in cash 2066083 34 Business in the State of Georgia During the year ending Dec 31 1898 Fire Rsks Fire marine and inland risks written 3777064 00 Premiums received gross 59015 12 Losses paid 48166 81 Losses incurred 58319 56 BUSINESS IN GEORGIA TOR YE4R ENDING APRIL 30 1899 Risks 3992043 00 Premiums 59921 12 Losses 3822 61 Tax 599 21 THE CONTINENTAL INSURANCE COMPANY OF NEW YORK I CAPITAL Whole amount of capital actually paid up in cash 1000000 00 II ASSETS 1 Value of real estate owned by the company 110025000 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple upon which not more than one years interest is due 81660 0034 COMPTROLLERGENERALS REPORT 4 Interest due on all said bond and mortgage loans 1702 22 5 Value of land mortgaged exclusive of build ings and perishable improvements 99650 00 6 Value of the buildings mortgaged 92500 00 7 Total value of said mortgaged premises 192150 00 8 Total par and market value of bonds and stocks owned abso lutely by the company carried out at market value 6881386 00 12 Cash in the companys principal office 10558 17 13 Cash belonging to the company deposited in First National Bank N Y 15840872 National Union Bank N Y 2133661 Mechanics National Bank N Y 5560 Central Trust Co N Y 2950 First Na tional Bank Brooklyn N Y 1241017 Brooklyn Trust Co Brooklyn N Y 57 38769 Franklin Trust Co Brooklyn IS Y 5446967 First National Bank Chicago Ills 2101639 U S Mortgage Trust Co N Y 1157460 Union Dime Savings Institution 302510 Crocker Woolworth National Bank San Francisco Cal 2500 315636 01 36193 18 14 Interest due and accrued on stocks and bonds not included in market value 65491 03 15 Interest due and accrued on collateral loans bank balances etc 381 28 16 Gross premiums in course of collection not more than three months due 480893 06 17 Bills receivable not matured taken for Are tornado marine and inland risks 102026 57 18 All other property belonging to the company viz Rents due and accrued 1125 83 Aggregate amount of all the assets of the company stated at their actual value 9077114 17 III LIABILITIES 2 Gross losses in process of adjustment or in sus pense including all reported and supposed losses 357531 59 3Losses resisted including interest cost and other expenses thereon 32 20 00 4 Total gross amount of claims for losses 3978l 59 5 Deduct reinsurance thereon 38851 75 6 Net amount of unpaid losses 350 929 04 7 Gross premiums received and receivable upon all unexpired tire and tornado risks running one vear or less from date of policy includ ing interest premiums on perpetual fire r sks 22U245969 unearned premiums fifty per cent 1101229 85 8 Gross premiums received and receivable upon all unexpired fire and tornado risks running more than one year from date of policy 511067575 unearned premiums prorata 2661689 44 11 Total unearned premiums as computed above 376291929COMPTROLLERGENERALS REPORT 35 15 16 17 18 19J 20 21 22 23 25 Principal unpaid on scrip or certificates of profits which have been authorized or ordered to be redeemed Interest due and declared remaining unpaid or uncalled for Cash dividends to stockholders remaining unpaid Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses Reserved for contingencies All other demands against the company absolute and contin gent due and to bcome due admitted and contested in cluding commissions and brokerage and reinsurance Total amount of all liabilities except capital stock and net surplus Joint stock capital actually paid up in cash Amount carried to guarantee sur plus fund 600000 00 Surplus Amount carried to special reserve 600000 00 2279234 88 28585 00 6091 68 150 00 15 000 00 300000 00 134203 48 fund Unallotted surplus 4597879 29 1000000 00 3479234 88 Aggregate amount of all liabilities including paidup capital stock and net surplus 9077114 17 IVINCOME DURING THE YEAH 1 Gross premiums and bills in course of collection From Are and at close of last previous year as shown by Tornado Risks that years statement 558455 61 2 Deduct amount of same not collected 253021 8 Net collected 555925 40 4 Gross premiums on risks written and renewed during the year 4317015 89 5 Total 4872941 29 i Deduct premiums and bills in course of collec tion at this date 582919 63 1290021 66 560253 31 7 retire premiums collected during the year 8 Deduct reinsurance and return premiums 9 Net cash actually received for premiums 10 Received for interest on bonds and mortgages 11 Received for interest and dividends on stocks and bonds col lateral loans and from all other sources 12 Income received from all other sources viz Rents 3729768 35 4531 84 310627 71 23868 31 15 Afreate amount of income actually received during the yearin cash 4O087Hi 21 VEXPENDITURES DURING THE YEAH 1 Gross amount actually paid for losses includ ing 30235605 losses occurring in previous years On F re and Toitiudo Risks 1952975 1336 COMPTROLLERGENERALS REPORT 2 Deduct all amounts actually received for salv ages whether on losses ot the last or of pre vious years 310049 and all amounts actu ally received lor reinsurance in other com panies 4699030 Total deductions 50150 79 3 Net amount paid during the year for losses 190281 31 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 275000 276650 00 5 Scrip or certificates of profits redeemed in cash and interest paid to scripholders 140 00 6 Paid for commissions or brokerage 817932 75 7 Paid for salaries fees and all other charges of officers clerks agents and all other employes 335385 96 8 Paid for State national and local taxes in this and other Statas 98797 17 9 All other payments and expenditures viz Stationery print ing advertising postage express traveling expenses hotel fares national and local boards rents maps supplies etc 226407 01 Aggregate amount of actual expenditures during the year in cash 3658137 26 Business in the State of Georgia During the Year 1898 Fire and Tornado Risks Fire marine and inland risks taken 4454970 00 Premiums received 64857 49 Losses paid 67677 99 Losses incurred 71002 40 BUSINE S IN GEORGIA FOR YEAR 1899 Risks 5404107 29 Premiums 70065 04 Losses 55507 38 Tax 700 65 THE CONNECTICUT FIRE INSURANCE COMPANY HARTFORD CONNECTICUT ICAPITAL STOCK 1 Amount capital stock authorized 1000000 subscribed for 1009000 00 Amount of capital paid up in cash 1000000 00 a Amount of net ledger assets December 31 of previous year 3413446 40 Extended at 3413446 40 IIINCOME DURING YEAR As shown by the books at home office at close of business December 31 1 Gross premiums and bills unpaid at close of Vite previous year as shown by that years statement 157500 00 2 Add for under estimate 9727 37 3 Total collected 167227 37COMPTROLLERGENERALS REPORT 37 4 Gross premiums written and renewed dur ing the year 1941949 91 5 Total 2109177 28 6 Deduct gross premiums and bills excluding return premiums and reinsurance in course of collection at this date 158200 00 7 Entire premiums collected during the year 1950977 28 8 Deduct reinsurance rebate abatement and return premiums 290816 37 9 Received for premiums other than prptuals 1054130 91 12 Interest on real estate mortgage loans 57 47546 on other collateral loans 6361 57539 07 13 Interest and dividends on stojks and bonds and from all other sources 95938 60 Total rents and interesti 153477 67 14 Profit on sale or maturity of ledger assets during the year over book values 4100 09 Total income during the year 1811708 67 Total footings 5225155 07 IIIDISBURSEMENTS DURING YEAR As shown by the books at home office at close of business December 31 1 Gross amount paid for losses including 125 Flre 32080 occurring in previous years 1052617 07 2 Deduct amounts received for salvages on losses of the last or of previous years 531460 and from reinsurance in other companies 1703041 72351 01 3 Net amount paid during the year for losses 980290 06 5 Paid stockholders for interest or dividends 100000 00 7 Commissions or brokerage to agents less received on re insurances 2924ss 83 9 Rents 8205 99 10 Salaries fees and all other charges officers clerks and other employes 142319 08 12 Insurance department fees agents licenses and tax on premiums 50825 20 13 Advertising printing stationery legal and miscellaneous expenses repairs and expense on real estate deducted from gross rentals hence not included here 124155 52 14 Net loss on sales or maturity of ledger assets 4510 so Total expenditures during the year 1702807 45 Balance 3522287 0238 COMPTROLLERGENERALS REPORT IVLEDGER ASSETS As per ledger accounts shown by the looks at h me office at close of business Dec 31 1 Book value real estate unincumbered 22290000 incum bered total 222900 00 2 Mortgage loans on real estat first liens 1079590 other than first total 1079590 00 4 Book value of bonds excluding interest 143550438 and stocks 49168097 1927285 35 5 Cash in companys office 42032 deposited in bank 214 580 71 National Exchange Bank Hartford 19434003 Continental National Bank Chicago 1873268 Anglo California Bank San Francisco 150800 215001 03 6 Bills receivable 146295 agents debit balances net 76 04829 77511 24 Total net ledger assets as per balance on page 1 3522287 62 NonLedger Assets 14 Market value not including interest of bonds and slocks over book value 09512 65 15 Gross premiums excluding return premi ums and reinsurance in course of collec tion Dec 31 not more than three months due 133 000 00 16 Deduct cost of collection commission brok erage and all other expenses 52500 00 17 Nt amount of uncollected premiums not more than three months due 80500 00 Total admitted assets 3702300 27 V XON LEDGER LIABILITIES 1 Losses adjusted and unpaid due not yet due 5227764 2 Losses in pr csss of adjustment or in sus pense including all reported and supposed losses 3 Losses resisted not outlawed including in terest costs and other expenses thereon Total amount of claims for losses Deduct reinsurance due or accrued Net amount of unpaid losses Gross premiums less reinsurance received and receivable upon all unexpired fire risks running one year or less from date of pol icv including interest premiums on per petual fire riks 105196072 unearned premiums fifty per cent 8 Gross premiums lessreinsurance received and receivable upon all unexpired fire risks running more than one year from date of policy 176482693 unearned pre miums pro rata Total unearned premiums as eom 64 79798 77 1280 25 141885 66 5694 21 139191 45 525989 36 924582 16 11 puted above 1450 562 52COMPTROLLERGENERALS REPORT 39 22 Total amount of all liabilities 1589753 9 3 Joint stock capital actually paid up in cash 1000000 00 26 Divisible surplus WM 30 2112546 30 Total 3702300 T Business in the Stale of Georgia During the Year 1898 Fire ard Tornado Riks 788500 00 Gross risks written Gross premiums received Losses paid Losses incurred BUSINESS IS GEORGIA FOR YEAR ENDING APRIL 30 1899 726400 00 10172 36 15407 73 15610 23 Risks Premiums Losses Tax 8S1U 67 11025 47 8S 40 THE DELAWARE INSURANCE COMPANY OF PHILADELPHIA PA ICAPITAL 12 13 Whole amount of capital stock Amount paid up in cash IIASSETS Market value of real estate owned by the company less the amount of incum brances thereon Loans on bond and mortgage duly recorded and being first liens on the fee simple Interest due on all said bond and mortgage loans Interest accrued thereon 280556 Total Value of lands mortgaged exclusive of buildings and perishable improvements Value of buildings mortgaged insured for 12700 as collateral Total value of said mortgaged prem ises carried inside Total par and market value of stocks and bonds owned absolutely by the company carried out at market value Cash in companys principal office Cash belonging to the company deposited in Bank N A 3366248 Penn National 1145489 Girard National 4016582 First National Chicago 341240 Oity National Dallas 476953 Lowry Bank ing Co Atlanta 846113 Total 1000000 00 702875 00 160000 00 175200 00 2805 56 305000 00 158500 00 463500 00 417 51 101926 75 1021239 00 Total cash items 102344 2640 COMPTROLLERGENERALS REPORT 17 Oash in hands of agents and in course of transmission 18 Bills receivable not matured taken for Are marine and inland risks All other assets both real and personal as per schedule attached viz Rents due and accrued 70001 sundry book accounts 114618 premium on perpetual poli cies in course of collection 179902 153469 75 1569 27 3645 21 Total assets of the company actual cash market value 1620273 05 IIILIABILITIES Losses due and unpaid 1844 20 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 70628 96 Losses resisted including interest costs and other expenses thereon 4287 84 Total gross amount of claims for losses Deduct reinsurance thereon 76761 00 13355 01 Net amount of unpaid losses Gross premiums without any deduction re ceived and receivable upon all unexpired Are risks running one year or less from date of policy 44025160 Unearned pre miums fifty per cent Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 65106023 Un earned premiums pro rata 220125 80 327421 25 11 16 19 20 21 23 24 Total unearned premiums as computed above carried out Amount reclaimable on perpetual risks Oash dividends to stockholders remaining unpaid All other demands againt the company absolute and con tingent due and to become due admitted and con tested viz Commission 1769233 reinsurance 441454 Total amount of all liabilities except capital stock scrip and net surplus Joint stock capital actually paid up in cash Surplus beyond capital and all other liabilities 63400 Oft 547547 05 97582 34 97 00 22106 S7 7150739 20 702875 00 186658 70 Aggregate amount of all liabilities including capital paid up and net surplus 1 2Q 273 03 IVINCOME DURING THE YEAR On Fire Risks 1 Cross premiums and bills in course of col lection at close of last previous year as shown by that years statement 156212 89 3 Net collected 15212 89COMPTROLLERGENERALS REPORT 41 Gross premiums on risks written and re newed daring the year 846310 57 Total 1002523 46 Deduct premiums and bills in course of col lection at this date 153469 75 Entire premiums collected during the year 849053 71 Deduct reinsurance and return premiums 206947 22 10 11 12 15 Net cash actually received for premiums carried out 642100 49 Received for interest on bonds and mortgages Received for interests and dividends on stocks and bonds collateral loans and from all other sources Income received from all other sources omitting increase if any in value of securities viz Rents 251436 premiums on perpetual policies 12106 29 Miscellan eous 13670 Aggregate amount of income actually received during te year in cash EXPENDITURES DURING THE YEAR On Marine and Inand Risks Ou Fire Risks Gross amount actually paid for losses including 7637878 occuring in previous years 433572 52 Deduct all amounts actually re ceived for salvages whether on losses of the last or of pre vious year 441330 and all amounts actually received for reinsurance in other com panies 4227546 Total de ductions 46438 76 746 13 250 00 642106 4S 7988 16 42758 13 4757 35 697610 13 Net amount paid during the year for losses 387133 76 496 13 387629 89 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year Paid for commissions or brokerage Paid for salaries fees and other charges of officers clerks agents and all other employes Paid for state national and local taxes in this and other states All other payments and expenditures Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia During thi Year 42172 50 128489 26 77048 12 31032 71 63828 18 730200 66 Fire marine and inland risks written Premiums received gross Losses paid Losses incurred Fire Risks 950618 00 15789 18 16502 84 16015 1042 COMPTROLLERGENERALS REPORT BUSINESS IX GEORGIA FOE YEAR ENDING APRIL 30 1899 Risks 1003304 00 Premiums 15733 67 Losses io320 07 Tax 157 34 FIRE ASSOCIATION OF PHILADELPHIA PA ICAPITAL 1 Whole amount of capital stock 500000 00 2 Amount paid up in cash 500000 00 IIASSETS Market value of real estate owned by the company less the amount of incumbrances thereon hereunto annexed 322671 37 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 2034 199 17 3 Iuterest due on all said bond and mortgage loans 2843239 interest accrued thpreon 527024046 total 55 672 85 4 Value of lands mortgaged exclusive of build ings and perishable improvements 2278838 00 5 Value of buildings mortgaged 2775739 00 6 Total value of said mortgaged premises carried inside 5054577 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2963131 25 11 Total par and market value and amount loaned thereoa 161550 00 32 Cash in companys principal office 11366 89 13 Cash belonging to the company deposited in bank Fidelity Trust S D Co 6804131 Merchants National Bank 7815589 Real Estate Tr Co 81180981 158007 01 15 Interest due and accrued on stocks not included in market value uncollected 19 761 13 16 Interestdue and accrued on collateral loans and uncollected 392 96 17 Premiums in hands of agents and in course of transmission 6S1403 26 All other assets both real and personal viz Lents due and accrued 263375 due from other companies for re insurance on lossts already paid 82007374 22707 49 Total assets of the company actual cash marker value 6430863 38 IIILIABILITIES 1 Losses due and unpaid 171010 50 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 123816 21 3 Losses resisted including interest costs and other expenses thereon 36410 93 4 Total gross amount of claims for losses 331237 64 5 Deduct reinsurance thereon 41454 71COMPTROLLERGENERALS REPORT 43 8 11 12 19 20 21 23 24 Id 11 12 15 Net amount of unpaid losses 289782 93 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 1792988 75 Unearned premiums 896494 38 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 203915009 unearned premiums pro rata 1129050 17 Total unearned premiums as computed above carried out 2025550 55 Amount rtclaimable by assured under perpetual policies 1949312 72 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commission brokerage and other charges due and to become due to agents and brokers on premiums paid and in course of collection 10857847 return premiums 8349112 reinsurance premiums 10920180 301271 39 Total amount of all liabilities except capital stock scrip and net surplus 4565917 59 Joint stock capital actually paid up in cash 500000 Surplus beyond capital and all other liabilities 1364945 79 Aggregate amount of all liabilities including capital paid up and net surplus 6430863 3S lvINCOME DURING THE YEAR On Fire Risks Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 623588 33 Net collected 623588 33 Gross premiums on risks written and re newed during the year 3353694 04 Total 3977282 37 Deduct premiums and bills in course of col lection at this date 681403 2i Entire premiums collected during the year 3295879 11 Deduct reinsurance and return premiums 773703 78 Net cash actually received for premiums carried out 2522175 33 2522175 33 Perpetual deposit received 51704 83 Received for interest on bonds and mortgages 130300 23 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 135061 42 Income received from all other sources omitting increase if any in value of securities viz Rents 663794 mis cellaneous 1774833 24386 27 Aperesate amount of income actually reciived during the 8 2863628 08 year in cash i44 COMPTROLLERGENERALS REPORT EXPENDITURES DURING THE YEAR On Fire Rsks 1 Gross aiiiount actually paid for losses in cluding 21278688 losses occuring in pre vious years 19C3729 67 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 1298306 and all amounts actually received for reinsurances in other comDanies 44720536 total deductions 460188 42 3 Net amount paid during the year for losses 1533541 25 1533541 25 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 200000 00 0 Paid for commissions or brokerage 552589 14 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 264 198 73 8 Paid for State national and local taxes in this and other states 81003 04 9 All other payments and expenditures vz Advertising printing and stationery 3414791 legal exp 1771996 repairs to real estate 359189 miscellaneous 7670346 total 182163 22 Perpetual premiums returned to assured 43 473 94 Aggregate amount of actual expenditures during the year in cash 2811969 32 Business in Georgia During the Year Fire marine and inland risks written 2 116 968 00 Premiums received gross 33674 16 Losses paid 22545 OS Losses incurred 21556 14 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Hisks 2705166 00 Premiums 86069 96 Losses 10752 69 Tax 360 69 FIREMANS FUND FIRE INSURANCE COMPANY OF SAN FRAN CISCO CAL ICAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 491 700 qo 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 429727 07COMPTROLLERGENERALS REPORT 3 Interest due on all said bond and mortgage loans 388130 interest accrued thereon 3819 86 total 7701 16 4 Value of lands mortgaged exclusive of buildings and perishable improve ments 899000 00 5 Value of buildings mortgaged insured for 13600000 as collateral 202000 00 6 Total value of said mortgaged premises carried inside 1101000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2072409 00 JO Total par and market value of stocks bonds and all other securities except mortgages loaned thereon 251337 09 12 Cash in companys principal offices San Francisco 147439 Chicago 338760 Boston 716612 Macon Ga 918 39 12976 50 13 Cash belonging to the company deposited in banks Bank of California S F 707427 San Francisco National Bank S F 10 32279 AngloCalifornian Limited SF 1806295 CrockerWool worth National Bank S F 2056780 Savings and Loan Society S F Cal 1051896 San Fran cisco Savings Union S F 1563425 Merchants National Bank Chicago 18 90274 Shawmut National Bank Boston 4290911 National Park Bank N Y 4804263 I C Plants Son Banker Macon Ga 80910 First National Bank Albuqurque N M 1000900 total 10726 59 Total cash items 223703 09 16 Interest due and accrued on collateral loans and uncol lected 395 79 17 Cash in hands of agents and in course of transmission 415452 32 18 Bills receivable not matured taken for Are marine and inland risks 4791 31 All other assets both real and personal viz Rents due and accrued due from other companies for reinsurance on losses already paid warrants 3530 92 Due on open accounts 2171 60 Total assets of the company actual cash market value 3902970 01 IIILIABILITIES 1 Losses due and unpaid 36307 92 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 195200 27 3 Losses resisted including interest costs and other expenses thereon 6125 00 4 Total gross amount of claims for losses 237633 19 5 Deduct reinsurance thereon 85112 9846 COMPTROLLERGENERALS REPORT 10 11 19 Net amount of unpaid losses Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 93211087 unearned premiums fifty per cent Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 132842650 un earned premiums pro rata Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired inland navigation and marine risks fifty per cent on time hull risks Gross premiums without any deduction received and receivable on all unexpired marine risks 152520 01 466055 43 729804 65 62332 14 37595 33 Total unearned premiums as computed above carried out A11 other demands against the company absolute and con tingent due and to become due admitted and contest ed viz Bills payable 8834 89 commissions and other charges due and to become due 5352113 agents credit balance and deposit account 3057619 1295787 55 92932 21 21 o3 Total 1541239 97 Joint stock capital actually paid up in cash 1000000 00 Surplus beyond capital and all other liabilities 1361730 04 Aggregate amount of all liabilities including capital paid up and net surplus 3902970 01 IVINCOME DURING THE YEAR On Marine nd On Fire Risks Inland Kisks j Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 345027 87 85199 85 3 Net collected 345027 87 85199 85 4 Gross premiums on risks written and renewed during the year 2102146 91 818315 32 5 Total2447174 78 903515 17 6 Deduct premiums and bills in course of collection at this date 328653 40 86798 92 7 Entire premiums collected during the year2118521 38 816716 25 8 Deduct reinsurance and return premiums 628878 99 404806 83COMPTROLLERGENERALS REPORT 47 9 Net cash actually received for premiums carried out 1489642 39 411909 421901551 SI 10 Received for interest on bonds and mortgages 27745 27 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 113518 16 12 Income received from all other sources omitting increase if any in value of securities viz Rents 24715 32 15 Aggregate amount of income actually received during the Year in cash 2067530 56 VEXPENDITURES DURING THE YEAR On Marine and On Fire Risks Inland Risks 1 Gross amount actually paid for losses including 14490404 losses occurring in previous years 996021 33 517710 34 2 Deduct all amounts actually re ceived for salvages whether on losses of the last or of pre vious year 454370 and all amounts actually received for reinsurance in other compa nies 42190166 total deduc tions 176064 41 250380 95 3 Net amount paid during the year for losses 819956 92 267329 391087286 31 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 120000 00 6 Paid for commissions or brokerage 253734 05 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 216283 37 8 Paid for State national and local taxes in this and other States 49156 20 9 All other payments and expenditures 181100 72 Aggregate amount of all expenditures during the year in cash 1907566 65 Bwineis in the Slate of Georgia during the year ending December 31 1893 Marine and Fire Risks Inland Rsks Agreate T re marine and inland risks written 2456075 00 20600 00 2476675 00 Premiums received gross 38996 34 120 35 39116 69 Losses paid 31545 87 31545 87 Losses incurred 31747 11 295 00 32042 11 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Eisk8 2362855 00 Smiums 37363 31 Losses 83166 80 Tax 33 6348 COMPTROLLERGENERALS REPORT GEORGIA HOME FIRE INSURANCE COMPANY OF COLUMBUS GA ICAPITAL 1 Whole amount of capital stock 300000 00 2 Amount paid up in cash 300 000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 135 950 00 2 Loans on bonds and mortgage duly recorded and being first liens on the fee simple 152 352 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 557 030 70 31 Total par and market value and amount loaned thereon 42402 35 13 Cash belonging to the company deposited in National Bank of Columbus 1200985 Mercantile National Bank of New York 3090139 42 971 24 14 Amount of premium notes upon which policies have been issued 0841 07 15 Frazer Hardware Co 21 500 0 17 Cash in hands of agents and in course of transmission 57397 71 All other assets both real and personal as per schedule attached viz Rents due and accrued Due from other companies for reinsurance on losses already paid Alexander Insurance Co 65778 Macon Insur ance Co 119179 C Schornburg account 300000 open accounts 178358 6 033 15 Total assets of the company actual cash market value 1027338 22 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 34588 39 4 Total gross amount of claims for losses 34S8S 39 5 Deduct reinsurance thereon 4666 66 6 Net amount of unpaid losses 29 921 73 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 17770838 Unearned premiums fifty per cent 88854 19 8 Grose premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 124158429 Un earned premiums pro rala 121023 4S 11 Total unearned premiums as computed above carried out 209877 67 16 Cash dividends to stockholders remaining unpaid 1 713 00COMPTROLLERGENERALS REPORT 49 18 Amount of borrowed money hq 708 30 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Open accounts 4364 19 365584 97 300000 00 361753 25 Total 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus qtj 330 9 IVINCOME DURING THE YEAR On Fi e Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 14825 58 2 Deduct amount of same not collected 1 345 31 3 Net collected 4 Gross premiums on risks written and re newed during the year 5 Total 6 Deduct premiums and bills in course of col lection at this date 13480 27 324063 86 337544 13 10841 07 7 Entire premiums collected during the year 326703 06 8 Deduct reinsurance and return premiums 74595 70 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents 688902 local agency 12967 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR Gross amount actually paid for losses in cluding 2783552 losses occurring in pre vious years Deduct allamounts actually received for salvages whether on lossesof the last or previous year and all amounts actually received for reinsurances in other companies 2014154 Total de ductions On Fie Risks 171164 99 20141 54 252107 36 10704 38 26610 55 7018 69 296440 8 Net amount paid during the year for losses Cash dividends actually paid stockholders amount of stockholders dividends declared during the year Paid for commission or brokerage 11323 45 3600 00 37123 5550 COMPTROLLERGENERALS REPORT 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 41427 65 8 Paid for state national and local taxes in this and other states 1T437 M 9 All other payments and expenditures viz Advertising and stationery 4906 78 Aggregate amount of actual expenditures during the year in cash 288218 77 Business in the State of Georgia During the Year Ending Dec 31 1S9S On Fire Risks Fire marine and inland risks written 4067149 00 Premiums received gross T 2o88o 07 Losses paid 33 Losses incurred BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 33 1899 Ki9ks 3963 234 00 56811 22 remmmS 20457 55 OSSeS 568 11 Tax GERMAN AMERICAN FIRE INSURANCE COMPANY OF NEW YORK I CAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up iu cash 1000000 00 IIASSETS 1 Market value of real estate owned by the ompany less the amount of incumbrances thereon 15000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 53000 00 8 Interest due on all said bond and mortgage loans Interest accrued thereon 33700 837 00 4 Value of lands mortgaged exclusive of buildings and perishable improvements 83000 00 5 Value of buildings mortgaged insured for 28000 as collateral 14000 00 Total value of said mortgaged prem ises carried inside 97000 00 9 Total par and market value of stocks and bouds owned absolutely by the company carried out at market val 7332703 00 12 Cash in companys principal office 6581 85 13 Cash belonging to the company deposited in bank National Bank of Commerce New York 16573882 German Ameri can Bank of New York 3174853 Na tional City Bank of New York 1187292 America National Bank of Chicago 25COMPTROLLERGENERALS REPORT 61 87744 Wells Fargo Cos Bank San Francisco 143828 AngloCalifornia Bank Limited of San Francisco 9 53570 246211 69 Total cash items 252793 54 15 Interest due and accruad on stocks not included in market value uncollected 17698 17 17 Cash in hands of agents and in course of transmission 495412 09 Total assets of the company actual cash market value 8167443 80 IIILIABILITIES 1 Losses due and unpaid 84928 00 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 264314 00 3 Losses resisted including interest costs and other expenses thereon 56457 40 4 Total gross amount of claims for losses 405699 40 5 Deduct reinsurance thereon 29744 00 6 Net amount of unpaid losses 375955 40 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 201830191 un earned premiums fifty per cent 1009150 95 8 Gross premiums without any deduction received and receivable upon all uuex pired fire risks running more than one year from date of policy 308261382 unearned premiums pro rata 1665760 72 11 Total unearned premiums as computed above 2674911 67 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 19405 34 19 All other demands against the company absolute and contingent due and to become due admitted and con tested 175162 01 20 Total amount of all liabilities except capital stock scrip and net surplus 3245434 42 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 3922009 38 24 Aggregate amount of all liabilities including cap ital paid up and net surplus 8167443 80 IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of col On Fire Risk lection at close of last previous year as shown by that years statement 494981 10 2 Deduct amount of same not collected 821 16 3 Net collected 494159 9452 COMPTROLLERGENERALS REPORT 4 Gross premiums on risks written and re newed during the year 4063775 32 Total 4557 935 26 6 Deduct premiums and bills in course of collection at this date 495 412 09 7 Entire premiums collected during the year 4062523 17 8 Deduct reinsurance and return premiums 1438237 41 9 Net cash actually received for premiums 2 624 285 76 10 Received for interest on bonds and mortgages 2120 00 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 288 222 79 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 62250 622 50 15 Aggregate amount of income actually received dur ing the year in cash 2915251 05 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses iu On Fire Risks eluding 125156654 losses occurring iu previous years 1759565 27 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 904871 and all amounts actually received for reinsur ances in other companies 34598437 total deductions 355033 08 S Net amount paid during the year for losses 1 404 532 19 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 300000 00 5 Paid for commissions or brokerage 459 173 01 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 35 919 45 8 Paid for State national and local taxes in this and other States 91040 41 5 All other payments and expenditures viz Printing ad vertising stationery etc 304 393 3a Aggregate amount of actual expenditures during the year in cash 2794993 36 Business in the State of Georgia During the Year Ending December 31 1898 Fire marine and inland risks written 9 385 048 00 Premiums received gross 37798 41 Losses paid 2G998 69 Losses incurred 26 891 69 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Ki8ks 2508 930 37 Premiums 3i787 69 fosses 30029 73 Tax 397 87COMPTROLLERGENERALS REPORT 53 GERMANIA FIRE INSURANCE COMPANY OF NEW YORK N Y ICAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 00 IIASSETS 4 6 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans interest accrued thereon 820149 total Value of lands mortgaged exclusive of buildings and perishable improvements 244500 00 Value of buildings mortgaged insured for 36550000 as collateral 412500 00 Total value of said mortgaged premises carried inside 657000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 12v Cash in companys principal office 13 Cash belonging to the company deposited in bank name bank National Park Bank N Y 7399834 German American Bank of New York f833900 First National Bank Chicago 2183755 total 15 Interest due and accrued on stocks not included in mar ket value uncollected 17 Cash in hands of agents and in course of transmission All other assets both real and personal viz Kents due and accrued 205002 cash in hands of department managers 1545420 655000 00 364500 00 8201 49 3323803 00 9731 79 104174 95 2500 00 228529 56 17504 22 Total assets of the company actual cash market value 4713945 0L IIILIABILITIES 1 Losses due and unpaid 46555 16 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 32731 70 3 Losses resisted including interest costs and other expenses thereon 4241 36 4 Total gross amount of claims for losses 83528 22 5 Deduct reinsurance thereon 6027 11 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 738026 32 Unearned premiums fifty per cent 30901315 77501 1154 COMPTROLLERGENERALS REPORT 8 Gross premiums without any deduction received and receivable upon all unex pired Are risks running more than one year from date of policy 313169605 unearned premiums pro rata 1137 89425 11 Total unearned premiums as computed above carried out 19 All other demands against the company absolute and con tingent due and to become due admitted and con tested viz Commission and brokerage 1506907 40 35823 11 20 Total amount of all liabilities except capital stock scrip and net surplus 162023162 21 Joint stock capital actually paid up in cash 100000J 00 23 Surplus beyond capital and all other liabilities 2093713 39 24 Aggregate amount of all liabilities including capital paid up and net surplus 4713945 01 IVINCOME DURING THE YEAR On Fire Risks Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement Net collected Gross premiums on risks written and re newed during the year Total Deduct premiums and bills in course of col lection at this date 10 11 13 231261 10 231261 10 1730736 94 1961998 04 229664 58 1732383 46 514998 00 Entire premiums collected during the year Deduct reinsurance and return premiums Net cash actually received for premiums carried out 1217335 46 1217335 46 Received for interest on bonds and mortgages 12940 64 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 146932 41 Aggregate amount of income actually received during the year in cash 1377208 51 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 7015066 losses occurring in pre vious years 593S2 14 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 280532 and all amounts actually received for reinsur ances in other companies 7054582 total deduction 73351 14COMPTROLLERGENERALS REPORT 55 3 Net amount paid during the year for losses 519031 00 519031 00 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 1L000 00 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 8 Paid for State national and local taxes in this and other States inc internal revenue tax 9 All other payments and expenditures viz Advertising agency and office expenses fire patrol printing sta tionery postage and express traveling rents and board expenses 204515 o 133394 03 35854 11 9 5064 70 Aggregate amount of actual expenditures during the year in cash 1105859 49 Business in the State of Georgia During the Year Ending December 31 189S Aggregate 1154092 0 1 1802 81 5048 03 4598 45 FireRisks Fire marine and inland risks written 1154092 00 Premiums received gross 18052 81 Losses paid Losses incurred 4598 45 BUSINESS IN GEORGIA FOE YEAR ENDING APHIL 39 1899 Risks Premiums Losses Tax 2000191 00 27187 30 4407 92 271 S7 GLENS FALLS FIRE INSURANCE COMPANY OF GLENS FALLS N Y ICAPITAL 1 Whole amount of capital stock 200000 00 2 Amount paid up in cash 200090 on IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 40950 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 1277252 64 3 Interestdueonallsaid bond and mortgage loans1045845 Interest accrued thereon 57400 Total 11032 45 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1545830 28 10 Amount of stocks bonds and all other securities except mortgages hypothecated to the company as collateral security for cash actually loaned by the company with the par and market value of the same and the amount loaned on each56 COMPTROLLERGENERALS REPORT Ttal Total Amount par market loaned value value thereon Morris Essex R R first mort gage bonds 3000 00 4230 00 4000 00 International Paper Oo first mortgage bonds21000 00 23100 00 20000 00 11 Total par and market value and amount loaned thereon 12 Cash in companys principal offices Glens Falls and Chicago 2273 29 13 Cash belonging to the company deposited in bank First National Glens Falls First National Chicago Cleveland Trust Co 24000 00 201257 62 20865 39 10370 00 234766 30 Total Total cash items 15 Interest due and accrued on bonds not included in mar ket value uncollected Interest due and accrued on collateral loans and uncol lected Cash in hands of agents and in course of transmission Bills receivable not matured taken for fire marine and inland risks 69 48 matured Total assets of the company actual cash market value Contingent depreciation of mortgage loans Aggregate amount of all the assets of the company st ated at actual value 234766 30 6533 33 500 00 94270 57 1366 90 3236552 47 20000 00 3216552 47 LIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 Losses resisted including interest costs and and other expenses thereon 4 Total gross amount of claims for losses o Deduct reinsurance thereon 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy Unearned premiums fifty percent 8 Gross premiums without any deduction re ceived and receivable upon all unexpired tire risks running more than one year from date of policy 140045062 Unearned premiums pro ratal 71072820 11 Total unearned premiums as computed above carried out 17 Due and accrued for salaries rent advertising and for agency ami other miscellaneous expenses 14157 36 26787 00 7700 00 48644 36 3492 I ill 369336 98 184688 49 45151 70 895306 69 10000 00COMPTROLLERGENERALS REPORT 57 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions due agents Total Joint stock capital actually paid up in cash Surplus beyond capital and all other liabilities Aggregate amount of all liabilities including capital paid up and net surplus INCOME DURING THE YEAR On Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 2 Deduct amount of same not collected 14619 49 21 23 24 965167 88 200000 00 2051384 59 3216552 47 3 Net collected 4 Gross premiums on risks written and re newed during the year as shown in risk 92184 95 1191 78 90993 17 and premium exhibit 949171 69 5 Total 1040164 86 6 Deduct premiums and bills in course of col lection at this date 97463 18 7 Entire premiums collected during the year Cash notes 942701 68 8 Deduct reinsurance and return premiums 159721 17 9 Net cash actually received for premiums carried out 782980 51 782980 51 10 Received for interest on bonds and mortgages 68807 5L 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 93536 33 12 Income received from all other sources omitting increase if any in value of securities 1735 79 15 Aggregate amount of income actually received during the year in cash 947060 14 EXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 46796 losses occurring in pre vious years 469256 16 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 56768 and all amounts actually received for reinsur ances in other companies 4823959 To tal deductions 48807 27 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Paid for commissions or brokerage 420448 89 60000 00 164625 7153 COMPTROLLERGENERALS REPORT 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 64519 06 8 Paid for state national and local taxes in this and other states 41252 72 9 All other payments and expenditures viz Stationery traveling advertising etc 63898 89 Aggregate amount of actual expenditures during the year in cash 814715 27 Business in the State of Georgia during the year ending Deo 31 1S9S Fire marine and inland risks written 710745 00 Premiums received gross 8839 71 Losses paid 3494 55 Losses incurred 4913 00 BUSINESS IN GEORGIA FOR YEAR 1899 Risks 784345 00 Premiums 10653 52 Losses 1 2j3 75 Tax 106 54 THE GREENWICH INSURANCE COMPANY OF NEW YORK N Y ICAPITAL 1 Whole amount of capital stock 200000 00 200000 00 2 Amount paid up in cash 200000 CO IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 200000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1115845 00 12 Cash in companys principal office 11599 73 13 Cash belonging to the company deposited in bank National Broadway Bank 76005 80 Total casli items 87605 62 15 Interest due and accrued on stocks not included in mar ket value uncollected 437 50 Gross premiums as written in the policies in course of collection on policies written within three months 189248 14 IS Bills receivable not matured taken for fire marine and inland risks 26273 43 All other assets both real and personal viz Rents due and accrued due from other companies for re insurance on losses already paid Insurance Co State New York 151129 Associated Manufacturers Mutual 1952 Traders of N Y 156217 North British and Mercantile 20304 Nassau Fire 974 North River 7247 Scottish Union and National 5250 Southern of New Orleans 2072 Citizens of New York 85710 Etna of Bartford 103412 5348 67 Total assets of the company actual cash market value 1624758 36COMPTROLLERGENERALS REPORT 59 LIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy Unearned premiums fifty per cent 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year fromdate of policy 72691771 unearned premiums pro rata 9 Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired inland navigation and marine risks 8069462 15431 13 156295 27 38182 84 209909 24 21931 31 567530 19 283765 10 407134 63 41347 31 11 Total unearned premiums as computed above carried Amount reclaimable by the insured on perpetual fire in surance policies being 910 per cent of the premium or deposit received 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz State city county or other taxes and as sessments 500000 commissions brokerage and other charges due and to become due to agents and brokers on premiums paid and in course of collection 3500000 return premiums 1409406 reinsurance bills payable 2 09837 contingencies 5jO00OO total Total amount of all liabilities except capital stock scrip and net surplus 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilitiesj 24 Aggregate amount of all liabilities including capital paid up and net surplus IVRECEIPTS DURING THE YEAR Fire Marine and Inland 1 Gross premiums and bills un paid at close of last year as shown by income 6 of that years statement 154509 23 2 Deduct amount of same not collected 18963 4o 187977 93 734247 04 931 50 61192 43 20 981348 90 200000 00 443409 46 1624758 36 9222 78 192 1960 COMPTROLLERGENERALS REPORT 3 Net collected 135545 78 9030 59 4 Gross premium on risks writ ten and renewed during the year 1249092 34 152997 76 162028 35 6088 15 1187640 33 155940 20 1051003 53 4322 16 17223 78 1114449 47 560848 87 127314 72 5 Total 134638 12 6 Deduct gross premiums and bills in course of collection at this date 196997 79 7 Entire premiums collected during the year 3 Deduct reinsurance rebate abatement and return pre miums 277833 07 14743 93 9 Net cash actually received for premiums carried out 909807 26 141196 27 11 Received for interest and dividends on stock and bonds collateral loans and from all other sources 12 Income received from all other sources viz Rents 16 56249 profit loss account taxes refunded66129 Aggregate amount of receipts during the year DISBURSEMENTS DURING THE YEAR Fire Marine aud Inland 1 Gross amount actually paid for losses including 103 82618 losses occurring in previous years 2 Deduct all amounts actually recd for salvages whether on losses of the last or of previous years 1029547 and all amounts actually received for reinsurance in other companies 7624810 total deductions 71832 97 14710 60 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and all other charges of officers clerks agents and all other employees 8 Paid for State and local taxes in this and other States 9 All other payments and expenditures viz Directors fees 75000 supplies 1793278 postage 679495 rent 1200000 gas and electric light 144535 adver tising 269602 traveling expenses 2120779 maps 625979 office fixtures 104355 expressage 2109 13 telegrams 171535 N Y Board of Fire Underwriters 344973 repairs to real estate 103357 internal rev enue 328109 miscellaneous 4698221 total 128701 31 Aggregate amount of actual expenditures during the year in cash 1100496 78 4S9015 90 112604 12 601620 02 20000 00 205617 98 127979 96 16577 51COMPTROLLERGENERALS REPORT 61 Business in the State of Georgia During the Year Ending December SI 1898 Fire Risks Aggregate Fire marine and inland risks written 2724741 63 2724741 63 Premiums received gross 29138 82 29138 82 Losses paid 14001 59 14001 59 Losses incurred 15442 99 15442 99 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 2428070 00 Premiums 31216 85 Losses 17554 57 Tax 312 16 HAMBURGBREMEN FIRE INSURANCE COMPANY HAMBURG GERMANY ICAPITAL 1 Whole amount of capital stock 1500000 00 1500000 00 2 Amount paid up in cash 300000 00 3 Amount in notes of the stockholders1200000 00 IIASSETS 9 Total par and market value of all stocks and bonds owned absolutely by the company carried out at market value 1407218 75 13 Cash belonging to the company deposited in bank Bank of America New York City 60235 84 15 Interest due and accrued on stocks not included in market value uncollected 1000 00 17 Cash in hands of agents and in course of transmission 132177 29 Total assets of the company actual cash market value 1600631 88 IIILIABILITIES 1 Losses due and unpaid 2390 00 2 Gross losses in process of adjustment or in sus pense including all reported and supposed losses 40905 00 3 Losses resisted including interest costs and other expenses thereon 16925 00 4 Total gross amount of claims for losses 00220 00 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 792196 85 Unearned premiums fifty per cent 396098 43 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year irom date of policy 74433931 Unearned pre miums pro rata 404093 52 11 Total unearned premiums as computed above carried out 800791 9562 OOMPTROLLERGENERAL8 REPORT 19 All other demands against the company absolute and contin gent due and to become due admitted and contested 32120 07 Total 893132 02 23 Surplus beyond capital and all other liabilities 707499 86 24 Aggregate amount of all liabilities including capital paid up and net surplus 1600631 88 ITINCOME DURING THE TEAR On Fire Risks 1 Gross premiums and bills in course of collec tion at close of last year as shown by the years statement 137994 25 3 Net collected 137994 25 4 Gross premiums on risks written and renewed during the year 1325278 19 5 Total 1463272 44 6 Deduct premiums and bills in course of collec lection at this date 132177 29 7 Entire premiums collected during the year 1331095 15 8 Deduct reinsurance and return premiums 278428 30 9 Net cash actually received for premiums car ried out 1052666 85 11 Received for interests and dividends on stocks and bonds col lateral loans and from all other sources 58757 28 15 Aggregate amount of income actually received during the year in cash 1111424 13 EXPENDITURES DURING THE TEAR Cm Fire Risks i Gross amount actually paid for losses includ ing 6066737 Losses occurring in previ ous years 688922 54 2 Deduct all amounts actually received for sal vages whether on losses of the lastor of pre vious year 1161694 and all amounts actu ally received for reinsurance in other com panies 5623564 total deductions 67882 58 3 Net amount paid during the year for losses 621039 96 6 Paid for commissions or brokerage 196065 41 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 100114 05 8 Paid for State national and local taxes in this and other States 33714 61 All other payments and expenditures viz Local board and fire patrol assessments rents stationery advertising print ing postage telegrams expressage traveling expenses etc 76729 73 Aggregate auaonnt of actual expenditures during the year 1027763 76COMPTROLLERGENERALS REPORT 03 Business in the State of Georgia dvring the year ending December 31 1898 Fire marine and inland risks written 1682749 00 Premiums received gross 31820 82 Losses paid 31613 03 Losses incurred 31823 03 BUSINESS IW GEORGIA FOR YEAR 1809 ENDING APRIL 30 1899 Rs 1886452 00 Premiums 34607 83 bosses 33170 01 Tax 346 07 HANOVER FIRE INSURANCE COMPANY OF NEW YORK N Y ICAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 450000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 7000 00 3 Interest due on all said bond and mortgage loans interest accrued thereon 12916 Total 29 16 4 Value of lands mortgaged exclusive of buildings and perishable improvements 400 03 5 Value of buildings mortgaged insured for 70000 as collateral II 000 0 6 Total value of said mortgaged premises carried inside 15500 00 9 Total par and market value of all stock and bonds owned absolutely by the company carried out at market value 2295004 00 10 Amount of stocks bonds and all other securities except mortgages hypothecated to the company as collateral security for cash actually loaned by the company with the par and market value of the same and the amount loaned on each 12 Cash in companys principal office 5374 90 13 lash belonging to the company deposited in bank America 1568672 German American 1780728 Central Trust Co N Y 2510969 Guarantee Trust and Safe Deposit Co Philadelphia 820000 Total 48803 0 Total cash item 102178 59 15 Interest due and accrued on stocks not included in mar ket value uncollected 18002 50 17 Cash in hands of agents and in course of transmission 202058 7564 COMPTROLLERGENERALS REPORT All other assets both real and personal as per schedule attached viz Rents due and accrued 48575 due from other companies for reinsurance on losses already paid Spring Garden Philadelphia 357 Delaware Philadelphia 1500 Virginia State Va 53393 Green wich N Y 1507 Nassau N Y 1587 North River N Y 8864 Citizens N Y 3799 Niagara N Y 94 cents HamburgBremen 202 North British and Mercantile 50 cents Total 699 28 Total assets of the company actual cash market value 3076292 28 IIILIABILITIES 100363 01 4 5 69166 19 25922 71 195451 91 11508 32 505763 16 628349 82 183943 59 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 Losses resisted including interest costs and other expenses thereon Total gross amount of claims for losses Deduct reinsurance thereon 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired Are risks running one year or less from date of policy 101152633 unearned pre miums fifty per cent 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 119266231 un earned premiums pro rata 11 Total unearned premiums as computed above carried out 19 All other demands against the company absolute and con tingent due and to become due admitted andcotested viz commissions and brokerage 4115166 reinsur ance 1137262 Total Total amount of all liabilities except capital stock scrip and net surplus 1370580 85 Joint stock capital actually paid up in cash 1000000 00 1134112 98 52524 28 20 21 705711 43 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus 3076202 28 IVINCOME DURING THE YEAR On Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 250512 36 2 Deduct amount of same not collected 5589 01 3 Net collected 244923 35COMPTROLLERGENERALS REPORT 65 4 Gross premiums on risks written and re newed during the year 1722202 72 Total 1907126 07 Deduct premiums and bills in course of col lection at this date 208216 26 Entire premiums collected during the year 1758909 81 Deduct reinsurance and return premiums 309433 12 10 il 12 15 Net cash actually received for premiums carried out 1449476 69 1449476 69 Received for interest on bonds and mortgages 350 00 Received for interest and dividends on stocks and bonds c llateral loans and from all other sources 94390 04 Income received from all other sources omitting increase if any in value of securities viz Rents 1472762 profit and loss 2261007 Total 37337 69 Aggregate amount of income actually received during the year in cash 1581554 42 EXPENDITURES DURING THE YEAR On Fire Bisks 1 Gross amount actually paid for losses in cluding 19263691 losses occurring in previous years 1031062 82 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 836183 and all amounts actually received for reinsur ances in other companies8918443 To tal deductions 97546 26 3 Net amount paid during the year for losses 933516 56 933516 56 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 100000 00 0 Paid for commissions or brokerage 262 421 53 7 Paid for salaries lees and other charges of officers clerks agents and all other employes 147 53 22 8 Paid for state national and local taxes in this and other states 9 All other payments and expenditures Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year ending lit Fire marine and inland risks written Premiums received gross Posses paid Losses incurred BUSINESS IV GEORGIA FOR YEAR 189 ENDING APRIL 30 Risks Premiums Losses Tax 45583 02 100603 15 1590037 48 e 81 1898 1611982 00 25698 04 17164 69 14052 93 1899 1972ess 01 26835 02 15024 os 208 36 66 COMPTROLLERGENERALS REPORT THE HARTFORD FIRE INSURANCE CO OF HARTFORD CONN I CAPITAL 1 Whole amount of capital stock 1250000 00 2 Amount paid up in cash 1250000 00 II ASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 715541 66 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 1509700 00 3 Interest due on all said bond and mortgage loans 66 66 interest accrued thereon 2680951 Total 26876 17 5 Value of buildings mortgaged insured for 982200 as col lateral 3750575 00 9 Par and market value of stocks and bonds owned abso lutely by the company carried out at market value 6974057 20 10 Total par and market value of stocks bonds and all other securities except mortgages hypothecated as collat eral security for cash loaned and amount loaned thereon 14800 00 Cash on hand and in companys offices 75266 21 Cash belonging lo the company deposited in bank Hartford National Bank 428 81103 American National Bank 64 54015 Connecticut Trust and Safe De posit Co 16825570 T I Morgan cV Co New York 2951767 Imperial Bank Toronto Ont 3303395 Illinois Trust Savings Bk Chicago 8850572 Crocker Woolworth National Hank San Fran cisco 2232387 American Exchange National Bank New York 2993925 814 927 34 Total 890193 55 16 Interest due and accrued on collateral loans and uncol lected i1 17 Cash in hands of agents and in course of transmission 1091898 92 All other assets both real and personal viz Rents due and accrued 3194 94 Printing plant 29331 00 Total assets of the company actual cash market value 11255659 90 III LIABILITIES 1 Losses due and unpaid Cross losses in process of adjustment or in suspense including all reported and sup posed losses 3 bosses sisted including interest costs and all other expenses thereon 4 Total gross amount of claims for losses 210257 46 25isi7 39 50677 hi 520752 01COMPTROLLERGENERALS REPORT in Gross premiums without any deduction received and receivable upon all unex pired Are risks running one year or less from date of policy 419775370 un earned premiums fifty per cent 2098876 85 Gross premiums without any deduction received and receivable upon all unex pired Are risks running more than one year from date of policy 5503752 45 unearned premiums pro rata2855120 37 Total unearned premiums as computed above 4953997 22 17 Due and accrued for salaries rents advertising and for agency and all other miscellaneous expenses commis 11 sions 2000 00 Total 5546 749 23 20 Total amount of all liabilities except capital stock scrip and net surplus 125000000 23 Surplus beyond capital and all other liabilities 4458910 67 24 Aggregate amount of all liabilities including capital paid up and net surplus 11255659 DO IV INCOME DURING THE YEAR On Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 1107871 37 2 Deduct amount of same not collected 15972 45 Net collected 1091898 92 Gross premiums on risks written and re newed during the year 7461898 20 Total 8553797 12 Deduct premiums and bills in course of col lection at this date 1091898 92 84490 74 319640 28 Entire premiums collected during the year 746189S 20 Deduct reinsurance and return premiums 1736311 77 Nel cash actually received for premiums 5725531 43 Received for interest on bonds and mortgages Received for interests and dividends oti stocks and bunds collateral loans and from all other sources income received from all other sources omitting in crease if any in value of securities viz Rents 10 8428J conscience money J60O Total 11442 84 Aggregate amount of income actually received during the year in cash 6141155 2 V EXPENDITURES DURING THE YEAH On Fire Risks 1 Gross amount actually paid for losses in cluding N05638J losses occurring in previous years 40S5517 41 7 8 10 11 12 1568 COMPTROLLERGENERALS REPORT 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year and all amounts actually received for reinsurance in other companies 63836195 Total deductions 638361 95 3 Net amount paid during the year for losses 3447155 46 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 4X000 00 6 Paid for commissions or brokerage 944809 67 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 493464 82 8 Paid for State national and local taxes in this and other States 166583 10 9 All other payments and expenditures viz General ex pense 502441 94 Aggregate amount of actual expenditures during the year in cash 5954454 99 Business in tie State of Georgia Daring the Year Ending December 31 1898 Fire Risks Fire risks written 7382023 00 Premiums received gross 132180 89 Losses paid 75234 68 Losses incurred 61337 75 BUSINESS IN GERUIA FOR THE YEAR ENDING APRIL 30 1899 Risks 7747092 00 Premiums 132768 05 Losses 51412 16 Tax 1327 68 HOME INSURANCE COMPANY OF NEW YORK N Y ICAPITAL 1 Whole amount of capital stock 3000000 00 3000000 00 2 Amount paid up in cash 3000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 1759249 74 2 Loans on bond and mortgage duly recorded and being first liens on fee simple 230350 00 3 Interest due on all said bond and mortgage loans348975 interest accrued thereon 543220 total 892195 4 Value of land mortgaged exclusive of buildings and per ishable improvements 371500 00 5 Value of buildings mortgaged insured for 167300 as collateral 244900 00 6 Total value of said mortgaged premi ses carried inside 616400 00 7 Amount of other loans on mortgage first liens upon which more than one years interest is due 18148 33COMPTROLLERGENERALS REPORT 69 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 11 Total par and market value of stocks bonds and other se curities except mortgages hypothecated to the com pany as collateral security and amount loaned thereon 13 Cash belonging to the company deposited in bank Conti nental National Bank 17218539 American Exchange National Bank 12922178 National Bank of the Re public 9930817 National Bank of North America 5335143 Continental Trust Co 140063 95 total Interest due and accrued on stocks not included in mar ket value uncollected 16 Interest due and accrued on collateral loans and uncol lected Bills receivable not matured taken for Are marine and inland risks Gross premiums as written in the policies in course of collection Total assets of the company actual cash market value 15 IS 8853642 83 121625 00 594130 72 40987 85 124 38 1605 95 532378 04 12161164 79 IIILIABILITIES 8 135638 62 Losses due and unpaid Gross losses in process of adjustment or in suspense including all reported and sup posed losses 58700472 Losses resisted including interest costs and other expenses thereon Total gross amount of claims for losses Deduct reinsurance thereon 45909 11 768552 45 332905 00 10 19 20 Net amount of unpaid losses 435647 45 iross premiums without any deductionre ceived and receivable upon all unexpired Are risks running one year or less from date of policy 2682192 00 Unearned premiums fifty per cent 1341096 00 1341096 00 Gross premiums without any deductionreceived and re ceivable upon all unexpired lire risks running more than one year from date of policy 5194429 unearned pre miums pro rata 2567667 00 Gross premiums without any deduction including both cash and bills received and receivable upon all unex pired inland navigation and marine risks 166865 83433 00 Cross premiums without any deduction received and re ceivable on all unexpired marine risks 56381 00 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Reinsurance 208984 36 Commission brokerage etc due to agents and others 40153 62 Total amount of liabilities except capital stock scrip and net surplus 4733362 43ro COMPTROLLERGENERALS REPORT 21 Joint stock capital actually paid up in cash 3000000 00 23 Surplus beyond capital and all other liabilities 4427802 36 24 Aggregate amount of liabilities including capital paid up and net surplus 12161164 79 IVINCOME DURING THE YEAR Gross premiums and bills in course of collection at close of last previous year as shown by that years state ment Ou Fire Risks 448201 73 448201 73 Net collected Gross premiums on risks writ ten and renewed during the year 5518953 34 Total 7967155 07 Deduct premiums and bills in course of collection at this date 464504 73 On Marine and Inland Risks 51172 15 51172 15 373226 16 424398 31 76319 89 collected Entire premiums during the year Deduct reinsurance and re turn premiums 1464446 74 Net cash actually received for premiums carried out 5502650 34 348078 42 156914 35 191164 07 10 11 12 15 4038203 60 Received for interest on bonds and mortgages Received for interests and dividends on stocks and bonds collateral loans and from all other sources Income received from all other sources omitting increase if any in value of securities viz rents 153i7444 4229367 67 16421 30 366949 31 153674 44 Aggregate amount of income actually received during the year in cash 4766412 72 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses including 526 29395 Losses occurring in previous years 2721932 36 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 3185195 and all amounts actually received for rein surance in other companies 63118738 total deductions On Marine and Inland Risks 226350 59 557943 71 105095 62COMPTROLLERGENERALS REPORT 71 Off 51 411343 11 S 52 3 Net amount paid daring the year for losses 2103 988 65 121254 97 2285243 62 4 Oasli dividends actually paid stockholders amount of stockholders dividends declared during the year 300000 6 Paid for commission or brokerage 792090 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 8 Paid for Sate national and local taxes in this and other States 13L493 9 All other payments and expenditures viz 428749 Aggregate amount of actual expeditures during the year in cash 4348920 Busitis in the St ue of Oeorgit during the year enlinj December 31 1898 Firemarine and inland risks written 5290934 Premiums received gross 67074 Losses paid 77022 Losses incurred 76984 BUSINESS IN GEORGIA FOE YEAR 189 ENDING APRIL 80 1899 Risks9 7354525 Premiums 7 a 447 L sses 55129 Tax 714 il 00 84 50 no 54 44 47 IMPERIAL INSURANCE COMPANY LIMITED OF LONDON ENG ICAPITAL 1 Whole amount of capital stock 6000000 00 2 Amount paid up in cash 1500000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 0 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 13 Cash belonging to the company deposited in bank 1 P Morgan Co New York 806535 Union Trust Co New York 624116 Chase National Hank New York 6834410 National Pank of Illinois Chicago 111 7 90094 Bank of British Columbia San Francisco Gal 465484 International Trust Co Boston Mass 5 05672 Atlanta Nat Pank Atlanta lt 56739 Low ry Banking Co Atlanta Ga 282 total Interest due and accrued on bonds not included in mar ket value ash in hands of agents and in course of t ransmission Bills receivable not matured taken for lire marine and inland risks All other assets both real and personal as per schedule attached viz Rents due and accrued 444416 15 17 18 171634 70 1128029 58 10083 32 5091 66 225797 31 225 27 4444 10 Total assets of the company actual cash market val 1till056 0072 COMPTROLLERGENERALS REPORT 108431 52 4 489 64 11 17 19 24 IIILIABILITIES Losses due and unpaid 31475 40 Gross losses in process of adjustment or in suspense including all reported and supposed losses 70107 52 Losses resisted including interest costs and other expenses thereon 6848 60 Total gross amount of claims for losses Deduct reinsurance thereon Net amount of unpaid losses Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 84901929 unearned premiums fifty per cent 424509 64 Gross premiums without any deductions received and receivable upon all unex pired fire risks running more than one year from date of policy 77398805 un earned premiums pro rata 428943 34 Total unearned premiums as computed above Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commission brokerage and other charges on premiums in course of collection 4268972 Pet premiums 1316554 reinsurance 456009 total 103941 88 853452 98 2273 10 60415 35 Total Surplus beyond capital and all other liabilities 1020083 31 920972 69 Aggregate amount of all liabilities including capi tal paid up and net surplus 94 056 00 IXCOME HIRING THE YEAR Gross premiums and bills in course of col oa Fire Risks lection at close of last previous year as shown by that years statement 182432 30 Deduct amount of same not collected Net collected 182432 30 Cross premiums on risks written and re newed during the year 519619 18 Total 1702031 48 Deduct premiums and bills in course of col lection at this date 236624 13 Entire premiums collected during the year 1465427 35 Deduct reinsurance and return premiums 318246 till Net cash actually received for premiums 1147 180 66COMPTROLLERGENERALS REPORT 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents 3061652 14 American branches of foreign companies will please re port amount of remittances from home office during the year 15 Aggregate amount of income actually received dur ing the year in cash VEXPENDITUR7S DURING THE YEAR 1 Gross amount actually paid for losses in On Fire Risks eluding 9822176 losses occurring in pre vious years 804069 32 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous years 552288 and all amounts actually received for reinsur ance in other companies 3787096 total deductions 40226 72 30616 52 45815 63 1263839 53 43393 84 3 Net amount paid during the year for losses 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Advertising printing and stationery 1245983 Reps and expenses on R E 1233911 Furn and Fixs 5077 08 post age telegrams and express 1109191 miscellaneous chiefly traveling expenses and assessments 4435491 rents 1053728 total 10 American branches of foreign companies will please re port amount sent to home office during the year Aggregate amount of actual expenditures during the year in cash 760675 48 200607 02 92342 60 45424 11 85322 84 107417 27 1302326 60 Bvsiness in the State of Georgia Daring the Year Ending December 31 1S9S Fire marine and inland risks written 1162080 00 Premiums received gross Losses paid Losses incurred 20922 22 17687 59 23111 59 BUSINESS IV GEORGIA FOR YEAR KI1 APRIL 30 1S99 Risks 14111335 00 Premiums M 46 Losses Tax 226 4874 COMPTROLLERGENERALS REPORT THE INSURANCE COMPANY OF NORTH AMERICA OF PHILA DELPHIA PA I CAPITAL 1 Whole amount of capital stock 3030000 03 2 Amount paid up in cash 3030000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 595477 02 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 2337009 20 3 Interest due on all said bond and mortgage loans 27 73090 interest accrued thereon 2151425 total 49205 15 4 Value of lands mortgaged exclusive of buildings and perishable improvements 5 Value of buildings mortgaged insured j 5820095 00 for 206905000 as collateral 0 Total value of said mortgaged premises J 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 5330070 00 11 Total par and market value of bonds stocks and all other securities except mortgages hypothecated as collat eral security for cash loaned and amount loaned there on 16500 00 13 Cash belonging to the company deposited in bank Phila delphia National Bank 10049119 Drexel Co Phil adelphia 31268844 Merchants National Bank N Y 2371255 Union Trust Co N Y SJ500300 Bank of North America Phila 814227 First National Hank Erie Pa 1037076 Bank of Montreal Montreal Can 1913533 Bank of Montreal St John N 1 522709 Bank of Montreal Halifax N S 1263823 London and Westminster Bank London 1199852 Brown Shipley cV Co London 14514867 Bank of Liverpool 1146970 AngloAustrian Bank Vienna 640009 737422 75 17 Cash in hands of agents and in Course of transmission and premiums in course of collection 939898 83 18 Hills receivable not matured taken for lire marine and inland risks 63541 59 All other assets both real and personal as per schedule attached viz Rents due and accrued due from other companies for reinsurance on losses already paid 4393221 book accts due company 8577215 129701 36 Total assets of thecompany actual cash market val 1020618s 90 IIILIABILITIES 1 Losses due and to become due and unpaid 93 US 43 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 647714 23 Losses resisted including interest costs and other expenses thereon 32378 63COMPTROLLERGENERALS REPORT 75 775211 34 110193 42 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 21098 42 and salvage claims 8910000 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 277919 i40 un earned premiums fifty per cent 1389598 20 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 317873530 unearned premiums pro rata 9 Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired in land navigation and marine risks c 10 Gross premiums without any deduction I received and receivable on all unex pired marine risksJ 065012 92 1642254 03 254621 13 11 Total unearned premiums as computed aboveless reinsurance 12 Net premiums reserve and all other liabilities except capital under the Life Insurance or any other special department Perpetual Department 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions brokerages etc due and to become due 1798680 reinsurance 4S0i9S all other 140848 total 20 Total amount of all liabilities except capital stock scrip and net surplus 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR On Marine and 1 Gross premiums and bills in On Fire Risks IulanJ Risks course of collection at close of last previous year as shown by that years statement 643198 0 355186 83 3 Net collected 543198 05 355186 S3 4 Gross premiums on risks writ ten and renewed during the yjar4578044 20 2452226 09 Total5121242 25 2807412 92 3286473 42 136358 63 3150114 79 777372 95 87432 26 4679932 92 3000000 00 2526555 98 10206488 9076 COMPTROLLERGENERALS REPORT 6 Deduct premiums and bills in course of collection at this date 428146 83 581293 59 7 Entire premiums collected dur ing the year4693093 42 2225119 33 8 Deduct reinsurance and return premiums 909805 88 601000 26 9 Net cash actually received for premiums 3783289 54 1625119 07 5408408 61 10 Received for interest on bonds and mortgages 127312 91 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 257 261 92 12 Income received from all other sources omitting increase if any in value of securities viz Rents 936536 profit on sale of securities 428805 perpetual fees etc 214318 from wrecking company 911946 from bad debts 3524 total 24 951 29 15 Aggregate amount of income actually received dur ing the year in cash perpetual deposits 1342571 5S17S37 73 VEXPENDITURES DURING THE YEAR Marine and 1 Gross amount actually paid for Fire RNks Inland Rik losses2320348 23 2133824 11 2 Deduct all amnts actually re ceived for salvages whether on losses of the last or of previous year 21507635 and all amounts actually re ceived for reinsurances in other companies 58500777 total deductions 130915 72 663168 40 3 Net amount paid during the year for losses 2183432 51 1470655 71 3654088 22 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 360 000 00 6 Paid for commissions or brokerage 100996 43 7 Paid for salaries fees and other charges of officers clerks agents and all other employes qj ii 8 Paid for State national and local taxes in this and other Statfls 143570 00 9 All other payments and expenditures viz Advertising postage stationery traveling expenses insurance de partment fees repairs and expenses on real estate etc 333248 65 Aggregate amount of actual expend it lies during the year in cash 5787280 41 Perpetual deposits returned 1079131COMPTROLLERGENERALS REPORT 7 Business in the State of Georgia During the Year Ending December 31 1898 Marine and Fire marine and inland risks writ Fire Risks Inland Risks ire marine 5037497 00 1031516 00 6069013 00 V 7fTRi9 3 9 802 86 80662 18 Premium received gross 089 T osses naid 55543 08 15453 77 70996 85 Losses paid 7 Losses incurred 0 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 10866661 00 Eisks 113402 71 Premiums m2U r Losses 1134 03 Tax THE LANCASHIRE FIRE INSURANCE COMPANY OF MANCHES TER ENGLAND IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon dboao 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market 1607118 to value p 12 Cash in companys principal offices 4 bit o 13 Cash belonging to the company deposited in bank Mechanics National Bank New York 203780 Yermilye Co Bankers N Y in name of Trustees 7806998 Atlanta National Bank Atlanta Ga 1682127 Metropolitan National Bank Chicago 111 1930237 AngloCalifornia Bank San Francisco Gal 224709 118718 51 Total 119090 05 17 Cash in hands of agents and in course of transmission 277870 33 Special agents balances 1 Total assets of the company actual cash market 239038 s value IIILIABILITIES 1 Losses due and unpaid 134885 74 2 Gross losses in process of adjustment or in suspense including all reported and sup posel losses 14852072 3 Losses resisted including interest costs and other expenses thereonLtBd 00 4 Total gross amount of claims for losses 29090 01 5 Deduct reinsurance thereon 21239 59 C Net amount of unpaid losses 78 COMPTROLLERGENERALS REPORT 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 139918381 unearned premiums fifty per cent 699591 90 K Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 125896007 un earned premiums pro rata 768652 37 11 Total unearned premiums as computed above carried out 1468241 27 11 Amount reclaimable by insured on perpetual insurance being 90 per cent of premium deposit 4963 95 19 All ether demands against the company absolute and contingent due and to become due admitted and con fested 50000 03 Total 1807058 64 23 Surplus beyond capital and all other liabilities 583331 21 24 Aggregate amount of all liabilities including capital paid up and net surplus 2390389 85 IVINCOME DURING THE YEAR r Ou Fire Risks 4 jross premiums and bills in course of col lection at close of last previous year as shown by that years statement 293630 01 3 Net collected 293 630 01 4 Gross premiums on risks written and re newed during the year 2567 138 28 5 Total 2860J68 29 6 Deduct premiums and bills in course of col lection at this date 277 870 33 7 Entire premiums collected during the year 2582897 96 8 Deduct reinsurance and return premiums 604159 69 9 Net cash actually received for premiums carried out 197878s 27 1978738 27 11 Received for interests and dividends on slocks and bonds collateral loans and from all other sources 62 938 35 12 Income received from all other sources omitting increase if any in value of securities viz Rents 559092 net total 559092 14 Amount of remittances from home offices during the year 44 905 84 15 Aggregate amount of income actually received during the year in casli 2047267 54 VEXPENDITURES DURING THE YEAR i j 11 J 0n Fire Rik3 1 Gross amount actually paid for losses in cluding 17903920 on losses occurring in previous years 1302170 51COMPTROLLERGENERALS REPORT 79 2 Deduct all amounts actually received for salvages whether on losses of the last or Of previous year 1281180 and all amounts actually received for reinsur ance in other companies 9716642 total deductions 10978 22 3 Net amount paid during the year for losses 119219229 1192192 29 6 Paid for commissions or brokerage 400298 82 7 Paid for salaries fees and othercharges of officers clerks agents and all other employes 168219 05 8 Paid for State national and local taxes in this and other States 5545889 9 All other payments and expenditures viz Office ex penses traveling maps printing advertising and board assessments total 151173 46 10 Amount sent to home office during the year 207608 68 Aggregate amount of actual expenditures during the year in cash 1967342 51 Business in the Stale of Georgia during the near ending Dec 31 1898 Fire Risks Fire marine and inland risks written 3901741 00 Premiums received gross 38062 6o Lossespaid 14348 06 Losses incurred iimx BBSKESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Riskg 278838000 Premiums 3685136 Losses 1261922 Tax 3i851 LION FIRE INSURANCE COMPANY OF LONDON ENGLAND ICAPITAL 1 Whole amount of capital stock 4125000 00 2 Amount paid up in cash 560069 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 4500 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 249877 50 3 Interest due on all said bond and mortgage loans 489288 interest accrued thereon total 4892 68 4 Value of lands mortgaged exclusive of buildings and perishable improvements 199860 00 5 Value of buildings mortgaged insured for 28600000 as collateral 368300 00 6 Total value of said mortgaged prem ises carried inside 568160 0080 COMPTROLLERGENERA LS REPORT 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 481657 50 11 Total par and market value of stocks bonds and all other securities except mortgages hypothecated to the com pany and amount loaned thereon 1 000 00 12 Cash in companys principal office 172 25 13 Cash belonging to the company deposited in National Exchange Bank Hartford Conn 87901 70 Total cash items 88073 95 15 Interest due and accrued on stocks not included in mar ket value uncollected 6107 08 16 Interest due and accrued on collateral loans and uncol lected 22 92 17 Cash in hands of agents and in course of transmission 71156 15 Total assets of the company actual cash market value 912287 98 tilLIABILITIES 1 Losses due and unpaid 19217 06 2 Cross losses in process of adjustment or in suspense including all reported and sup posed losses 48449 71 3 Losses resisted including interest costs and other expenses thereon 8530 92 4 Total gross amount of claims for losses 70 197 69 5 Deduct reinsurance thereon 1282 16 6 Net amount of unpaid losses 74915 53 7 Gross premiums without any deduction re ceived and receivable upon nil unexpired tire risks running one year or less from date of policy 39272034 Unearned premiums fifty per cent 19636 17 8 tiross premiums without any deduction re ceived and receivable upon all unexpired tire risks running more than one year from dale of policy if37r3rS Un earned premiums pro rata 224885 OS 11 Total unearned premiums as computed above carried out 42124s 25 10 All other demands against the company absolute and contingent due and to become due admitted and con icsted viz Commission brokerage and other charges due and to become due to agents and brokers on pre miums paid and in course of collection 1441 li 20 Total amount of all liabilities except capital stock scrip and net surplus 510577 93 23 Surplus beyond capital and all other liabilities 401710 0 24 Aggregate amount of all liabilities including capi tal paid up and nel surplus 912287 98COMPTROLLERGENERALS REPORT 8T IVINCOME DURING THE YEAR On Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement50527 50 3 Net collected 50527 50 4 Gross premiums on risks written and re newed during the year 785307 30 5 Total i Deduct premiums and bills in course of col lection at this date 835834 80 53985 60 781849 20 232542 60 5430t 5 12380 01 16716 60 59 72 7 Entire premiums collected during the year 8 Deduct reinsurance and return premiums Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 31 Received for interests and dividends on stocks and bonds 12 Income received from all other sources omitting increase if any in value of securities viz Rente 15 Aggregate amount of income actually received dur ing the year in cash 578462 877 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 4881217 losses occuring in pre vious year 407485 10 2 Deduct amounts actually received for sal vages whether on Josses of the last or of previous year 281150 and all amounts actually received for reinsurances in other companies 5264993 Total de ductions 55461 4 3 Net amHint paid during the year for losses 352028 67 i Paid for commissions or brokerage 116447 54 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 43162 38 8 Paid for Slate national and local taxes in this and other States IS560 62 9 All other payments and expenditures viz Agency and miscellaneous expenses 41932 05 10 American braches of foreign companies will please report amount sent home offices during the year 848 96448 Aggregate amount of actual expenditures during the year in cash 572126 2ft Business in the Stati f urtjia During tin Year Ending Die 1898 Iire Risks 492894 7212 48 911 7 8130 4T Fire marine and inland risks writ ten Premiums received gross Dosses paid Losses incurred S2 COMPTROLLERGENERALS REPORT BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks Premiums Losses Tax 588314 00 8731 19 6845 59 87 31 LIVERPOOL AND LONDON AND GLOBE FIRE INSURANCE COM PANY OF LIVERPOOL ENGLAND 4 1 Market value of real estate owned by the company less the amount of incumbrances thereon 1799000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3622350 00 3 Interest due on all said bond and mortgage loans 2 73625 interest accrued thereon4C3196 total 43768 21 Value of lands mortgaged exclusive of buildings and perishable improve ments 3602050 00 5 Value of buildings mortgaged 3336850 00 7 Amount of other loans 6938900 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2602593 75 12 Cash in companys principal office 2269 06 13 Cash belonging to the company deposited in bank name bank Continental Bank New York City 182 23404 New York Insurance and Trust Co New York City 24500000 United States Trust Co New York City 24500000 First National Bank Chicago 6054708 First National Bank Denver Col 9035 London and San Francisco Bank San Francisco Cal 2573891 Canal Bank New Orleans La 79857 Germania National Bank New Orleans La 9639 05 Whitney National Bank New Orleans La 428146 State National Bank New Orleans La 10 49406 total 783828 52 Total cash items 36 Interest due and accrued on collateral loans and uncol lected 17 Cash in hands of agents and in course of transmission All other assets both real and personal viz Rents due and accrued 1342306 due from other companies for reinsurance on losses already paid name companies Life loans 140000 P P deposits due 323780 sus pense account 52840 interest due on bank deposit 331081 21950 07 Total assets ol the company actual cash market value 9703581 65 786092 58 198 03 827629 01COMPTROLLERGENERALS REPORT 83 IIILIABILITIES 1 Losses due and unpaid 17674 27 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 666698 65 3 Losses resisted including interest costs and other expenses thereon 46950 00 4 Total gross amount of claims for losses 731322 92 5 Deduct reinsurance thereon 165732 66 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 3023234 21 Unearned premiums fifty per cent 1511617 11 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 406777654 un earned premiums pro rata 2054152 27 11 Total unearned premiums as computed above carried out 12 Net premiums reserve and all other liabilities except capital under the life insurance or any other special department 13 Unused balances of bills and notes taken in advance or premiums on open marine and inland policies or other wise returnable on settlement 19 All other demands against the company absolute and con tingent due and to become due admitted and con tested 565590 25 3565769 38 92271 56 323882 6 310151 70 20 Total amount of all liabilities except capital stock scrip and net surplus 4857 665 56 INCOME DURING THE YEAR On Fire Iliks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 2 Deduct amount of same not collected 3 Net collected 4 Gross premiums on risks writ ten and re newed during the year 5 Total 6 Deduct premiums and bills in course of col lection at this date 7 Entire premiums collected during the year 8 Deduct reinsurance and return premiums 9 Net cash actually received for premiums carried out 990862 07 2505 78 988353 29 660676 74 7591033 03 Si 1754 76 6729278 27 1749850 13 4979422 1481 COMPTROLLER GENERALS REPORT 10 Received for interest on bonds and mortgages 156343 42 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 103332 02 12 Income received from all other sources omitting increase if any in value of securities viz Rents 6163952 61639 62 15 Aggregate amount of income actually received during the year in cash 5300737 20 EXPENDITURES DURING THE YEA II On Fre Risks 1 Gross amount actually paid for losses in cluding 39878070 losses occurring in previous years 3293043 38 2 Deduct all amounts actually received for salvages whether on losses of the last or previous year 6480037 and all amonts actually received for reinsurance in other companies 351949S0 total de ductions 416749 67 Net amount paid during the year for losses 2876293 71 t Paid for commissions or brokerage 922 658 58 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 8 Paid for state national ami local taxes in this and other states 9 All other payments and expenditures 10 American branches of foreign companies will please report amount sent to home offices during the year 509556 78 331400 41 136906 29 334802 88 Aggregate amount of actual expenditures during the year in cash 4602061 87 Business in th Stati of Georgia During tin Year Ending December SI 1898 Fire Risks Fire marine and inland risks wril ten j 42870S 00 Premiums received gross y0 003 gs Losses paid ill 745 31 Losses incurred BUSINESS IN GEORGIA Fun VEAl ENDING APRlt 30 1899 69497 58 Risks Premiums Losses Tax ii7522J0 00 118595 64 5619 00 1185 95COMPTROLLER Q EN ERALS REPORT 85 LIVERPOOL AND LONDON AND GLOBE FIRE INSURANCE COM PANY OF NEW YORK N Y CAPITAL 1 Whole amount of capital stock 200 000 00 2 Amount paid up in cash 200000 00 IIASSETS 9 Total par and market value of slocks and bonds owned absolutely by the company carried out at market value 239731 25 11 Total par and market value of bonds and all other secu rities except mortgages hypotecated to rhe company and amount loaned thereon 239731 5 13 Cash belonging to the company deposited in bank Con tinental Bank 852903 U S Trust Co U5OOJOO 24529 03 17 Cash in hands of agents and in course of transmission 7931 97 Total assets of the company actual and cash mar ket value 27219225 IIILIABILITIES 2 Gross losses in processor adjustment or in suspense including all reported and sup posed losses 4 Total gross amount of claims for losses 1890 00 5 Deduct reinsurance thereon j925 00 6 Net amount of unpaid losses 96o 00 11 Total unearned premiums as computed above carried out 21945 04 19 All other demands against the company absolute and contingent due and to become due admitted and con 9773 14 tested 20 Total amount of all liabilities except capital stock scrip and net surplus 32s3 l8 21 Joint stock capital actually paid up in cash 200000 00 23 Surplus beyond capital and all other liabilities 39009 07 24 Airaregate amount of all liabilities including capital paid up and net surplus ivei to IVINCOME DURING PRE YEAR 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement12 3 Net collected 12 4 Gross premiums on risks written and re newed during the year 56759 4o 5 Total 5677145 6 Deduct premiums and bills in course of col lection at this date 20156 84 7 Entire premiums collected during the year 36614 61 S Deduct reinsurance and return premiums14423 2480 COMPTROLLERGENERALS REPORT 9 Net cash actually received for premiums carried out 22191 37 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 7774 19 15 Aggregate amount of income actually received dur ing the year in cash 29965 56 EXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses 2 Deduct ail amounts actually received for sal vages whether on losses of the last or of previous years 3857 and all amounts actually received for reinsurance in other companies 27461 total On Fire Risks 8805 01 313 18 4 Cash dividends actually paid stockholders amount of stockholders dividends de clared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 8 Paid for state national and local taxes in this and other states 9 All other payments and expenditures Aggregate amount of actual expenditures during the year in cash 8491 6902 S3 33 1627 50 541 6207 68 41 23770 74 ss in the State of Georgia dining the year aiding December Eire marine and inland risks written Premiums received gross Losses paid Losses incurred 31 1898 Fire Risks 212400 00 2138 87 1461 us 2633 08 BUSINESS IN GEORGIA Im YKAB ENDING APRIL 30 1899 Risks Premiums Losses Tax 310169 3706 1421 37 00 90 65 06COMPTROLLERGENERALS REPORT ST THE LONDON ASSURANCE CORPORATION OF LONDON ENGLAND ICAPITAL 1 Whole amount of capital stock 896550 2 Amount paid up in cash 448275 IIASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 130 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2029820 00 12 Cash in companys principal office 64 5 13 Cash belonging to the company deposited in bank Bank of New York N B A 13067753 Merchants Bank fihieaeo S3 92704 Bank of British Colombia 52560 135130 17 15 Interest due and accrued Jkomj R2 17 Premiums in course of collection 45968 8 18 Bills receivable not matured taken for fire marine and inland risks 12931 7S All other assets both real and personal as per schedule attached viz Rents due and accrued Due from other companies for reinsurance on losses already paid total JX JJ Cash in hands of special agents 10b Total assets of the company actual cash market value 2458406 63 IIILIABILITIES 1 Losses due and unpaid 53232 6o 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses h 3 Losses resisted including interest costs and other expenses thereon14090 50 4 Total gross amount of claims for losses 3031KI 44 5 Deduct reinsurance thereon 41305 62 6 Net amount of unpaid losses 26187o fc 7 Gross premiums without any deduction re ceived and receivable upon all unexpired tire risks running one year or less from hue of policy 358626 Unearned premiums fifty percent 266593 13 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 874039 47 Un earned premiums pro rafca 461350 83 10 ivoss premiums without any deduction re ceived and receivable on all unexpired till U marine risks 11 Total unearned premiums as computed above carried out 766903 91C M PTKO UERG KXEKA US REPORT 1 Amount reclaimable by the insured on perpetual fire in surance policies being 95 of the premium or deposit received 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions 29707in return pre miums 34173 reinsurance 2446782 total 2 Total amount of all liabilities except capital stock scrip and net surplus 23 Surplus beyond capital and all other liabilities 21 Aggregate amount of all liabilities including capi tal paid up and net surplus IVINCOMK OURINK TUFT YEAR Oa Fire Risks r Ma1S n Inland Kiskfk 1 Jross premiums and bills in course of collection at close of last previous year as shown by that years statement 131654 58 174 80 54519 65 1083474 24 1374932 39 2458406 63 92639 72 Net collected 131654 58 92639 72 Gross premiums on risks written and renewed during the year 991285 27 719639 51 Total1122989 85 812279 23 Deduct premiums and bills in course of collection at this date 110944 20 147956 35 8 9 10 II 15 Entire premiums collected dur ing the year1011995 65 664322 8 Deduct reinsurance and return premiums 187399 04 209287 81 Net cash actually received for premiums carried out 824596 61 455035 07 Received for interest on bonds and mortgages Received for interests and dividends on stocks and bonds collateral loans and from all other sources I279631 68 585 00 76727 50 Aggregate amount of income actually received dur ing the year in cash 1356944 18 On Marine and Inland tusks VEXPENDITURES DURING TWE YEAR On fire Kisks Gross amount actually paid for losses including 14608640 losses occuring in previous years 49851412 426481 29 Deduct all amounts actually re ceived for salvages whether on losses of the last or of pre vious year 1117120 andCOMPTROLLER GENERALS REPORT 89 all amounts actually received for reinsurances in other companies 14759593 total deductions 2394S 75 157798 88 3 Net amount paid during the year for losses 474565 37 268682 41 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Postage ad vertising stationery traveling maps and office ex penses Aggregate amount of actual expenditures during the year in cash 1159316 35 743247 78 196488 45 104919 01 37551 72 77109 39 Business in the State of Georgia During the Year Ending Dec 31 1898 FireRik I52rEK ASate Fire marine and inland risks writ ten Premiums received gross Losses paid Losses incurred 29562 01 103573 00 1405135 00 396 89 1642 98 5606 87 1091 88 37 36 1129 24 7ii3 SS 763 88 BUSINESS IN GEORGIA V OB YEAH ENDING APBII 30 1899 Risks Premiums Losses lax 955110 00 5493 83 4778 00 51 94 ONDON AND LANCASHIRE BTRE INSURANCE COMPANY OF LIVERPOOL ENGLAND 12 13 15 IIASSETS Market value of real estate owned by the company less the amount of incumbrances thereon 299125 00 Total par and market valif stocks and bonds owned absolutely by tin company carried outfit nnrket value 2018809 67 Cash in companys principal office 23722 09 Cash belonging to the company deposited in bank 217727 70 Total cash items InterSt due and accrued on slocks not included in market value uncollected Cash in hands of agsnts and in courss of transmission Bills receivable nol matured taken for Are marine and inland risks 241449 79 26348 33 280521 95 8131 6990 COMPTROLLERGENERALS REPORT 11 lil 23 24 All other assets both real and personal viz Rents due and accrued 59249 due from other companies for re insurance on losses already paid 24942 841 91 In hands of special agents 1554 37 Amount of premiums unpaid on policies which have been issued more than three months inside 5835 77 Total assets of the company actual cash market value 2876842 71 IIILIABILITIES Losses due and unpaid 45140 74 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 127890 83 Losses resisted including interest costs and other expenses thereon 2i378 96 Total gross amount of claims for losses 194416 53 Deduct reinsurance thereon 15209 30 Net amount of unpaid losses 179 147 23 Gross premiums without any deduction re ceived and receivable upon all unexpired Are risks running one year or less from date of policy 1211552 52 unearned premiums iilty per cent 605776 25 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 170444379 unearned premiums pro rata 934232 34 Total unearned premiums ascomputed above carried out 1540008 59 All other demands against the company viz Balances due other companies 1 73 49 Commissions 53140 79 Return premiums 235582 reinsuranee 2205729 24413 11 Ttal 798473 21 Surplus beyond capital and all other liabilities 1078369 50 Aggregate amount of all liabilities including capital paid up and net surplus 2 876 842 71 IVINCOME DURING THE YEUi On Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 341099 85 2 Deduct amount of same not collected 475 23 3 Net collected 340624 62 4 Gross premiums on risks written and re newed during the year 2495570 94 5 Total 2836195 56COMPTROLLERGENERALS REPORT 9t 6 Deduct premium and bills in course of col lection at this date H489 41 7 Entire premiums collected during the year i1706 15 8 Deduct reinsurance and return premiums789195 04 9 Net cash actually received for premiums carried out 1752511 11 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 75817 9 12 Income received from all other sources omitting increase if anv in value of securities viz Rents 758521 total jl 15 Aggregate amount of income actually received during the yearincash 1836014 Si VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 14037238 losses occurring in pre vious years 1131076 15 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 3466937 and all amounts actually received for reinsur ance in other companies 18363822 total deductions 218307 59 Net amount paid during the year for losses 912768 56 6 Paid for commissions or brokerage 367618 36 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 138975 56 8 Paid for State national and local taxes in this and other States 5154451 9 All other payments and expenditures viz Rents 17 39852 internal revenue 427972 advertising print ing and stationery 1450274 legal expenses 27859 all other expenses 10254561 total 139005 18 10 Amount sent to home office during the year 201706 99 Aearegate amount of actual expenditures during the year 1609912 17 Buainess in the Slate of Georgia during ihn year endinj Bee 31 1893 Fire Risks Fire Marine and inland risks written 4185532 00 Premiums received gross 23301 33 i 16672 75 Dossespaid Dosses incurred 16546 BUSINESS IN GEORGIA FOR YEAR ENDING AIRII 30 1899 1848356 00 25018 63 remUU9 108118 SSS 25019 ax92 COMPTROLLERGENERALS REPORT THE MAGDEBURG FIRE INSURANCE COMPANY OF MAGDEBURG GERMANY II ASSETS 9 Total par and market value of stocks and bonds owned abso lutely by the company carried out at market value 12 Cash in companys principal office 115 09 13 Cash belonging to the company deposited in bank National Union Bank of New York 328 16 Cash in hands of trustees 16986 43 Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected 17 Cash in hands of agents and in course of transmission Total assets of the company actual cash market value 802362 50 1742 68 7862 50 91431 90 91911 58 III LIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 34711 00 f Deduct reinsurance thereon 315 00 i Net amount of unpaid losses 34 39 qo 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 47002735 un earned premiums fifty per cent 235013 67 8 Gross premiums without any deduction received and receivable upon all unex pired ire risks running more than one year from date of policy 19688146 un earned premiums pro rata 131376 81 11 Total unearned premiums as computed above 369 890 IS 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Cost of collection commissions and bro kerage 21712 26 20 Total amount of all liabilities except capital stock scrip and net surplus 425 jgg 71 21 Joint stock capital actually paid up in cash 200000 00 23 Surplus beyond capital and all other liabilities 293 590 si 24 Aggregate amount of all liabilities including capital paid upandnet surplus 919089 58 IV XCOME DURING THE YEAR On Fire Hisks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 65299 41 2 Deduct anount of same not collected 1183COMPTROIAERGKNKRALS REPORT 93 3 Net collected 4 Gross premiums on risks written and re newed during the year 5 Total 5 Deduct premiums and bills in course of col lection at this date 65287 61 743909 42 809197 03 95307 89 7 Kntire premiums collected during the year 713829 14 8 Deduct reinstaranee and return premiums 145940 78 9 Net cash actually received for premiums 11 Received foT interest and dividends on stocks and bonds collateral loans and from all other aourees 12 Income received from all other sources omitting increase if any in value of securities Remittance from home office 15 Aggregate amotmtof income actually received during the year in cash V EXMWDrTlJRES DOKING TUB YBAK 1 Gross amount actually paid for losses in cluding 4181352 losses occurringin pre vious years 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous years 728812 Reinsur ances 1035341 Total dediietions 3 Net amount paid daring the year for losses 0 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 8 Paid for State national and local taxes in this and other States 9 AH other payments and expenditures viz Advertising rent stationery printiRg ebe Amount sent to home offiee during the year Aggregate amount of actual expenditures during the year in cash 369798 33 17641 53 10 567888 80 25430 78 18053 75 611378 81 352150 80 113915 14 51749 25 18501 si 57711 17 212 49 594240 7 Butinnss Gwg Jnvngtki ieatr Ettdiiuj Deeemler 31 1898 Fire Risks Fire risks writ tew Premiums received gross Losses paid Losses incurred 823294 no 9169 Ol 3807 90 3867 90 TISIMSS l o notion rOB YEAH KXIMSC AIUII 30 1899 Risks Premiums Losses Tax 752080 00 10321 II 1848 oo 103 21m COMPTROLLERGENERALS REPORT MANCHESTER FIRE ASSURANCE CO OF MANCHESTER ENGLAND ICAPITAL 1 Whole amount of capital stock 100000 0 00 2 Amount paid up in cash 1000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 100000 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans interest accrued thereon 500 Total 9 Total par and market value of all stocks and bonds owned absolutely by the companycarried out at market value 10 Amount of stocks bonds and all other securities except mortgages hypothecated to the company as collateral security for cash actually loaned by the company with the par and market value of the same and the amount loaned on each 12 Cash in companys principal office 3479 99 13 Cash belonging to the company deposited in Bank of America New York 18045 41 Cash belonging to company deposited in Manhattan Trust Co New York 25423 02 Cash belonging to company deposited in Union National Bank Chicago 19044 87 Total cash items 14 Amount of premium notes upon which policies have been issued 15 Interest due and accrued on stocks not included in market value uncollected 18 Bills receivable not matured taken for fire marine and Inland risks All other assets both real and personal as per schedule attached viz Rents due and accrued due from other companies for reinsurance on losses already paid Total assets of the company actual cash market value IIILIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 3 Losses resisted including interest cost and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 5 Net amount of unpaid lossesi 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 95809 09 65947 11 23740 03 185495 23 22459 1 2900 00 250 00 5 60 1481628 75 65993 29 235072 51 6554 17 2338 80 219 58 1794962 70 163035 62 883759 50COMPTROLLERGENERALS REPORT 95 11 19 23 24 Unearned Premiums fifty per cent 441879 75 Gross premiums without any deduction received and receivable upon all unexpir efire risks running more than one year from date of policy 102219340 Un earned premiums 534005 85 Total unearned premiums as computed above carried out 975885 60 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions etc 3798469 Return pre miums 1237100 Reinsurance 2066665 Special Agents 84753 71869 87 Total amount of all liabilities except capital stock scrip and net surplus 1210791 09 Surplus beyond Capital and all other Liabilities 584171 61 Aggregate amount of all liabilities including capital paid up and net surplus 1794962 70 7 9 10 11 14 15 IVINCOME DURING THE YEAR On Fire Risks Gross premiums and billsin course of col lection at close of last previous year as shown by that years statement 256 06843 Deduct amount of same not collected 3686 87 Net collected 252381 56 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 689 743 07 Total 194212463 Deduct premiums and bills in course of collection at this date 247353 05 Entire premiums collected during the year 1694771 58 Deduct reinsurance and return premi ums 482668 74 Net cash actually received for premiums carried out 1212102 84 Received for interest on bonds and mortgages Received for interests and dividends on stocks and bonds collateral loans and from all other sources 59972 24 American branches of foreign companies will please report amount of remittances from Home Office dur the year 68871555 Aggregate amount of income actually received during the year in cash 1272075 0896 COMPTROLLERGENERALS REPORT VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 21118156 losses occurring in previous years 999910 78 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 2601175 and all amounts actually received for reinsur ances in other companies 113753 84 Total deductions 139765 59 3 Net amount paid during the year for losses 860145 19 860145 19 6 Paid for commissions or brokerage 248103 34 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 87171 33 8 Paid for state national and local taxes in this and other states 52152 64 9 All other payments and expenditures viz Stationery traveling local boards postage advertising furni ture fixtures and sundries 95300 39 10 American Branches of Foreigh Companies will please report amount sent to Home Offices during the year 962203 86 Aggregate amount of actual expendi tures during the year in cash 1342872 89 Business in the State of Georgia daring the year ending Dec SI 1898 Fiip Risks Fire marine and inland risks written 111669100 Premiums received gross 16875 11 Losses paid 4398 14 Losses incurred 4 611 00 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 1483182 00 Premiums 90424 39 Losses 5369 18 Tax 2 14 24 THE MANHATTAN FIRE INSURANCE CO OF NEW YORK N Y 1 Whole amount of capital stock 250 000 09 2 Amount paid up in cash L50000 00 IIASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 12 Cash in companys principal office 10005 90 341844 00COMPTROLLERGENERALS REPORT 97 13 Cash belonging to the company deposited in bank Hanover Nationl Bank5030589 National Park Bank 29406 total 60605 85 Total cash items 17 Cash in hands of agents and in course of transmission net All other assets both real and personal Rents due and accrued due from other companies for rein surance on losses already paid Atlanta Home Insur ance Co for premiums cancelled off schedule 1140345 for losses paid 91181 Total assets of the company actual cash market value 60605 85 59865 90 2315 26 464631 01 IIILIABILITIES Gross losses in process of adjustment or in suspense including all reported and sup posed losses Losses resisted including interest costs and other expenses thereon II 19 20 21 23 24 134663 92 13404 49 Total gross amount of claims for losses 148068 41 Deduct reinsurance thereon 18951 81 Net amount of unpaid losses Gross premiums without any deduction re ceived and receivable upon all unexpired Are risks running one year or less from date of policy 4656996 unearned pre miums pro rated by months 34251 66 Total unearned premiums as computed above carried out All other demands against the company absolute and contingent due and to become due admitted and con tested viz Due for reinsurance premiums Total amount of all liabilities except capital stock scrip and net surplus Joint stock capital actually paid up in cash Surplus beyond capital and all other liabilities Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE TIME On Fire Risks 1 dross premiums and bills in course of col lection at close of last previous year as shown by that years statement86229 00 3 Net collected 86229 00 4 Gross premiums on risks written and re newed during the time 1061893 76 5 Total 1H8122 76 6 Deduct premiums and bills in course of col lection at this date 70430 48 129116 60 34251 66 8434 76 171803 02 250000 00 42827 99 464631 0198 COMPTROLLERGENERALS REPORT 7 Entire premiums collected during the time 1077G92 28 8 Deduct reinsurance and return premiums 690113 6S 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 12 Income received from all other sources omitting increase if any in value of securities viz Rents profit on sale of securities 1442107 assessment levies on stockholders81388 67 deposit with Guarantee Trust and Safe Deposit Co refunded 20000 total 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 6010296 losses occurring in pre vious years 407989 13 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 124253 and all amounts actually received for reinsur ance in other companies 862198 total deductions 9864 51 3 Net amount paid during the time for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during I he time 5 Scrip or certificates of profits redeemed in cash and in terest paid to scripholders 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agenls and all other employes 8 Paid for State national and local taxes in i his and other States All other payments and expenditures viz Rents 864550 losses on sales of securities 3474150 ad vertising printing and stationery 6679S3 legal ex penses 2188508 furniture and fixtures 3246 mis cellaneous 4244586 total Aggregate amount of actual expenditures during the time in cash Ilnsiness in the State of Georgia luring the year 9 Fire marine and inland risks Premiums received gross Losses paid Losses incurred 387578 60 22894 70 96009 74 506480 04 398124 62 25982 66 31 80 149968 26 79858 27 100S0 52 113930 23 783976 36 Fire Risks 738899 91 13459 46 2342 41 2342 41COMPTROLLERGENERALS REPORT 99 MILWAUKEE MECHANICS FIRE INSURANCE COMPANY OF MIL WAUKEE WIS ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash IIASSETS 200000 00 200000 00 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans 20 8808S interest accrued thereon 2839289 total 4 Value of lands mortgaged exclusive of buildings and perishable improvements 1813510 00 5 Value of buildings mortgaged insured for 71040000 as collateral 1162880 00 200000 00 56500 00 1263215 09 49273 77 6 Total value of said mortgaged prem ises carried inside 2976390 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 12 Cash in companys principal office 59860 96 13 Cash belonging to the company deposited in bank First National Bank Milwaukee 52347 98 Total cash items 17 Cash in hands of agents and in course of transmission Total assets of the company actual cash market value IIILIABILITIES 20666 00 48307 00 7134 34 76107 34 8189 53 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses Losses resisted including interest costs and other expenses thereon Total gross amount of claims for losses Deduct reinsurance thereon Net amount of unpaid losses Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 580381 43 Unearned premiums fifty per cent 290190 72 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 93206749 un earned premiums pro rata 486205 23 Total unearned premiums as computed above carried out 964636 50 112208 94 123103 06 2568997 36 67917 81 11 776395 95100 COMPTROLLERGENERALS REPORT 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Reserve retained for ReInsurance Co 41964 89 20 Total amount of all liabilities except capital stock scrip and net surplus 88Gj278 21 Joint stock capital actually paid up in cash 200000 Ott 23 Surplus beyond capital and all other liabilities 1482718 71 24 Aggregate amount of all liabilities including capital paid up and net surplus 2 56S 997 36 IVINCOME DURIXG THE YEAR Q Fire Risks bross premiums and bills in course of col lection at close of last previous year as shown by that years statement 137018 SI Net collected 137018 81 Gross premiums on risks written and re newed during the year i 143313 59 Total 1280332 40 Deduct premiums and bills in course of col lection at this date 153953 82 10 11 12 15 Entire premiums collected during the year lliC 378 5S Deduct reinsurance and return premiums 362631 89 Net cash actually received for premiums carried out Received for interest on bonds and mortgages Received for interests and dividends on stocks and bonds collateral loans and all other sources Income received from all othersoiirces omitting increase if any in value of securities viz Rents 5438500 in crease in value of bonds and stocks18980 80 total Aggregate amount of income actually received during thT year in cash 763746 6 52575 44 41536 OS 23365 SO SS12S4 01 EXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 63793 54 losses occurring in pre vious years 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 128641 and ail amounts actually received for reinsur ances in other companies 8712685 to tal deductions 555622 31 88413 26 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders stockholders dividends declared during the year 6 Paid for commissions or brokerage 4I7J09 05 amount of 467209 05 80000 00 246953 77COMPTROLLERGENERALS REPORT 101 7 Paid for salaries fees and other charges of officers clerks 09 OO AX agents and all other employes oto 8 Paid for state national and local taxes in this and other states 74712 9 All other payments and expenditures viz Rents adver tising printing stationery legal expenses furniture and fixtures miscellaneous loss on agents balances re serve to ReInsurance Co total82066 U Aggregate amount of actual expenditures during the yearincash 884320 00 Business in the State of Georgia During the Year Ending December 1898 Fire Risks Aggregate Fire marine and inland risks written 278778 00 278778 00 Premiums received gross 3500 83 3500 83 Lossespaid 185 45 135 45 Losses incurred 135 45 135 45 BUSINESS IN GEORGIA FOE YEAE ENTDING APRIL 30 1899 Risks 54197000 Premiums S640 2 Losses 93000 Tax 8641 NATIONAL FIRE INSURANCE COMPANY OF HARTFORD CONN ICAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 306650 S3 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 810890 97 4 Value of lands mortgaged exclusive of buildings and perishable improvements 1370050 00 5 Value of buildings mortgaged insured for 75348500 as collateral 126870 00 6 Total value of said mortgaged prem iges 2688750 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2838393 00 12 Cash in companys principal office 718 31 13 Cash belonging to the company deposited in bank Char ter Oak National Bank if 16025212 Hartford National Bank 5013056 Continental National Bank 3927731 National Bank of Illinois 550147 Union Trust Com pany 385139 New Orleans National Bank 115286 230165 71 17 Premiums in hands of agents and in course of transmis sion 125080 Total assets of the company actual cash market val 4642499 73102 COMPTROLLERGENERALS REPORT IIILIABILITIES 1 Losses due and unpaid 98927 53 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 67535 91 3 Losses resisted including interest costs and other expenses thereon 26067 76 4 Total gross amount of claims for losses 192531 20 7 Gross premiums without any deduction received and receivable upon all unex pired risks running one year or less from date of policy 152444108 unearned premiems fifty per cent 762220 54 8 Gross premiums without any deduction received and receivable upon all unex pired Are risks running more than one year from date of policy 191494558 unearned premiums pro rata 990 189 66 11 Total unearned premiums as computed above 1752410 20 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Reserve for contingencies 25000 00 Commissions and expenses due agents 5409875 re turn premiums and reinsurances 8875183 total 142850 58 20 Total amount of allliabilities except capital stock and net surplus 2112791 98 21 Joint stock capital actually paid up in cash 1000000 00 22 Scrip outstanding 529707 75 24 Aggregate amount of all liabilities including capital paid up and net surplus 4042499 73 IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 385698 70 3 Net collected 885608 70 4 Gross premiums on risks written and re newed during the year 2633806 95 5 Total 3019505 65 6 Deduct premiums and bills in course of col lection at this date 425680 91 7 Entire premiums collected during the year 2593824 74 8 Deduct reinsurance and return premiums 496984 78 9 Net cash actually received for premiums 2096839 96 10 Received for interest on bonds and mortgages 48189 32 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 141389 64COMPTROLLERGENERALS REPORT 103 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 1 48991 profit and lossagents balance 35158 13 Received for calls on capital 15 Aggregate amount of income actually received during the year in cash 1841 49 351 58 22S861i 99 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 13542908 losses occurring in previous years 1237950 45 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 2661441 and all amounts actually received for reinsur ance in other companies 11658845 total deductions 143202 86 2 120000 00 405478 20 180178 98 72231 42 380563 31 3 Net amount paid during the year for losses 1094747 59 4 Gash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Miscellane ous expense 17143660 profit and loss sale of securi ties 20912671 total Aggregate amount of actual expenditures during the year in cash 2253199 50 Business in the State of Georgia During the Year Ending December 31 1898 Fire marine and inland risks written 1629418 00 Premiums received gross 20291 14 Losses paid 16594 93 Losses incurred 15406 33 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 2079135 0 Premiums 21365 34 Losses 12321 58 Tax 213 65104 COMPTROLLERGENERALS REPORT NIAGARA FIRE INSURANCE COMPANY OF NEW YORK N Y 1 I CAPITAL Whole amount of capital stock 500000 00 Amount paid up in cash 500000 00 IIASSETS Market value of real estate owned by the company less the amount of incumbrances thereon 1000000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 268600 00 3 Interest due on all said bond and mortgage loans Interest accrued theron 3994 16 5 Value of buildings mortgaged insured for 21250000 as collateral 6 Total value of said mortgaged premises carried inside 458450 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 1165325 00 12 Cash in companys principal office 759 68 13 Cash belonging to the company deposited in bank Manhattan Company 6909379 Continental Trust Company 50000 00 119093 79 Total cash items 119853 47 15 Interest due and accrued on stocks not included in mar ket value uncollected 2671 49 17 Cash in hands of agents and in course of transmission 22911 04 All other assets both real and personal as per schedule attached viz Rents due and accrued 343176 Due from other companies for reinsurance on losses already paid Caledonia Insurance Co etc 95412 total 4385 88 Total assets of the company actual cash market value 2788741 04 III LIABILITIES 1 Losses due and unpaid 61357 31 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 77714 74 3 Losses resisted including interest costs and other expenses thereon 10285 71 4 Total gross amount of claim for losses I 19357 76 5 Deduct reinsurance thereon 16524 64 6 Net amount of unpaid losses 132833 12 7 Iross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 98898168 Unearned premiums fifty per cent 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 1410886CH Un earned premiums pro ratai 494190 84 74S 138 04 11 Total unearned premiums as computed above carried out 1212628 83COMPTROLLERGENERALS REPORT 105 16 19 20 21 23 24 Cash dividends to stockholders remaining unpaid 30 00 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Oomissions 3700700 return premiums and reinsurance 446525 Reserve for contingent lia bilities 10000000 total 141472 25 Total amount of all liabilities except capital stock scrip and net surpus 1516964 25 Joint stock capital actually paid up 500000 00 Surplus beyond capital and all other liabilities 771775 79 Aggregate amount of all liabilities including capi tal paid up and net surplus 2788741 04 IVINCOME DURING THE YEAR OiFre Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 254382 38 254382 38 3 Net collected 4 Gross premiums on risks written and re newed during the year 1942247 5 Total 2196630 23 6 Deduct premiums and bills in course of col lection at this date 223911 04 7 Entire premiums collected during the year 1972719 19 8 Deduct reinsurance and return premiums 470460 05 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents 1502259 14 13463 89 49551 19 17202 19 15 Aggregate amount of income actually received dur ing the year in cash 1582476 41 ifKXIKXDITlKKS DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding losses occuring in pre vious years 980801 65 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year and all amounts actually received for reinsur ances in other companies total deductions 134 324 54 3 Net amount paid during year for losses 4 Cash dividends actually paid stockholders amil of stockholders dividends declared during the year 50 00000 840477 11 49970 00106 COMPTROLLERGENERALS REPORT 6 Paid for commissions or brokerage 292726 22 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 159944 63 8 Paid for State national and local taxes in this and other States 42869 05 D All other payments and expenditures viz Traveling rent stationery etc 13403335 internal revenue tax 465686 total 138690 21 Aggregate amount of actual expenditures during the year in cash 1530677 22 Business in the State of Georgia During the Year Ending Dee 31 1898 Fire Risks Fire marine and inland risks written 645 039 00 Premiums received gross 10 939 70 Losses paid 11545 80 Losses incurred 12166 05 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Kisks 746399 00 Premium 12073 86 Losses H804 45 Tax 120 73 NORWICH UNION FIRE INSURANCE SOCIETY OF NORWICH ENGLAND ICAPITAL 1 Whole amount of capital stock 5500000 00 5500000 00 2 Amount paid up in cash 660000 00 11ASSETS 2 Loans on bond and mortgage duly record ed and being first liens on the fee simple 40000 00 3 Interest due on all said bond and mortgage loans 900 Interest accrued thereon 1150 1 050 00 4 Value of lands mortgaged exclusive of buildings and per ishable improvements 80000 00 5 Value of buildings mortgaged insured for 4000000 as collateral 6 Total value of said mortgaged premises car ried inside 80000 00 9 Total par and market value of stocks and bonds owned absolutely by this company carried out at market value 12 Cash in Companys principal office 3873 44 13 Cash belonging to the Company deposited in Bank of New York 16599927 Bank of America 10301429 Treasurer of tne Territory of New Mexico 5000 Bank of British North America 231788 276331 44 Total cash items os 004 00 1841672 50COMPTROLLERGENERALS REPORT 107 15 Interest due and accrued on Stocks not included in market value uncollected 17 Cash in hands of agents and in course of transmission Total assets of the Company actual cash market val 21551 17 172133 73 2356612 2 63129 78 21197 85 180607 13 17176 01 550095 80 600304 31 IIILIABILITIES 1 Losses due and unpaid 96279 50 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims lor losses 5 Deduct reinsurance thereon 6 Net amount of unpaid losses 7 Gross Premiums without any deduction re ceived and receivable upon all unexpired Fire risks running one year or less from date of policy Hlll Unearned Premiums 8 Gross premiums without any deduction re ceived and receivable upon all unexpired Fire risks running more than one year from date of policy 113727166 Un earned premiums 11 Total unearned premiums as computed above carried out Due and accrued for salaries rent advertising and for Agency and other miscellaneous expenses All other demands against the Company absolute and contingent due and to become due admitted and con tested viz Taxes and assessments 1019094 Com missions brokerage etc due agents and brokers 2737684 Return Premiums 629179 Reinsurance 973933 20 Total amount of all liabilities except capital stock scrip and net surplus Surplus beyond capital and all other liabilities Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR On Fire Risks Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 190564 84 Net collected Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 19011 17 1 23 21 163431 12 1150400 1L 2203 79 53598 90 1369633 92 986978 36 2356612 28 5 Total 2091696 21108 COMPTROLLERGENERALS REPORT 6 Deduct premiums and bills in course of col lection at this date 193300 17 7 Entire premiums collected during the year 1898396 04 8 Deduct reinsurance and return premiums 42d581 59 9 Net cash actually received for premiums carried out 1471814 45 10 Received for interest on bonds and mortgages 1200 00 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 80200 67 14 American branches of foreign companies will please re port amount of remittances from home office during the year 7628 63 15 Aggregate amount of income actually received during the year in cash 1553215 12 VEXPENDITURES DURING THE YEAR Oa lire Risks 1 Gross amount actually paid for losses 883935 83 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1276538 and all amounts actually received for reinsur ances in other companies 6410964 to tal deductions 76875 02 3 Net amount paid during the year for losses 807060 81 807060 81 6 Paid for commissions or brokerage 260613 81 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 143806 07 8 Paid for state national and local taxes in this and other states and internal revenue tax 27347 46 9 All other payments and expenditures viz Advertising stationery postage maps etc 110512 79 10 American branches of foreign companies will please report amount sent to home offices during the year 314699 78 Aggregate amount of actual expenditures during the year in cash 1355340 94 Business in the Slate of Georgia during the year ending Dec 31 1898 Fire Bisks Fire marine and inland risks written 2387 850 00 Premiums received gross 35 267 02 Losses paid 19929 65 Dosses incurred 18884 68 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 E isks 2547076 00 Premiums 37887 40 Losses 16778 04 Tax 378 87COMPTROLLERGENERALS REPORT 109 UNITED STATES BRANCH OF NORTH BRITISH AND MERCANTILE INSURANCE COMPANY OF LONDON AND EDINBURGH GREAT BRITAIN ICAPITAL Whole amount of capital stock 13750000 00 Amount paid up in cash 3437500 00 IIASSETS 18462 94 12 Cash in companys principal office 13 Cash belonging to the company deposited in bank J P Morgan Co Bankers New York City 2S512210 Merchants National Bank N Y 2000000 total 293585 04 Total cash items Uninvested cash in hands of trustees 15 Interest due and accrued on stocks not included in mar ket value uncollected 18 Bills receivable not matured taken for Are risks All other assets both real and personal Rents due and accrued due from other companies for re insurance on losses already paid Other admitted assets Gross premiums in course of collection not more than three months due 182 86 46174 38 423 32 526 35 831 00 387445 02 Total assets of the company actual cash market value 4348564 90 IIILIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 Losses resisted including interest costs and other expenses thereon Total gross amount of claims for losses 64322 56 180310 70 32191 90 4 276825 16 5 Deduct reinsurance thereon 9809 49 6 Net amount of unpaid losses 267015 67 7 Gross premiums without any deduction re ceived and receivable upon all unexpired Are risks running one year or less from date of policy 161641159 unearned premiums fifty per cent 808205 79 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 212024562 un earned premiums pro rata 1127530 17 11 Total unearned premiums as computed above carried out 1935741 96 14 Amount reclaimable by insured on perpetual fire policies being 90 per cent of premium or deposit received 11384 til110 COMPTROLLERGENERALS REPORT 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions brokerages and other charges due to agents on premiums paid and in course of collection Special agents balances 75299 46 8527 08 Total 2297968 81 23 Surplus beyond capital and all other liabilities 2050596 09 24 Aggregate amount of all liabilities including capital paid up and net surplus 4348564 90 IVINCOME DUHING THE YEAK On Fire Eisks 2 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 428615 17 3 Net collected 428615 17 4 Gross premiums on risks written ad re newed during the year 2975075 28 5 Total 3403690 45 6 Deduct premiums and bills in course of col lection at this date 402358 55 7 Entire premiums collected during the year 3001331 90 8 Deduct reinsurance and return premiums 611382 47 9 Net cash actually received for premiums carried out 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DUBINQ THE YEAE On Fire Bisks 1 Gross amount actually paid for losses in cluding 16571484 losses occurrin in previous years 1412291 12 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1473599 and all amounts actually received for reinsur ance in other companies 7463518 total deductions 89371 17 2359949 43 14S325 89 2538275 32 3 Net amount paid during the year for losses 6 Paid for commission or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Local and other board expenses rent stationery supplies to agents advertising office expenses etc total 1322919 95 412026 17 209566 21 74013 11 107632 29COMPTROLLERGENERALS REPORT Ill 10 Amount sent to home office duringthe year 484994 73 Aggregate amount of actual expenditures during the year in cash 2126157 73 Business in the State of Georgia during the year ending Dec 31 1898 Fire Risks Fire marine and inland risks written 2094379 00 Premiums received gross 31210 34 Losses paid 36706 11 Losses incurred 30661 21 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 2802147 00 Premiums 32781 6S Losses 30496 81 Tax 327 82 THE UNITED STATES BRANCH NORTHERN ASSURANCE COM PANY OF LONDON ENGLAND ICAPITAL STOCK 1 Amount of capital stock authorized 15000000 00 subscribedfor 15000000 00 2 Amount of capital paid up in cash 1500000 00 Amount of net ledger assets Dec 31 of previous year if 1770797 97 IIINCOME DUEING THE YEAR As shown by the books at home office at close of business December 31 1 Iross premiums and bills unpaid at close of last year as shown by that years state ment 21492806 2 Deduct amount of same not collected 1494 82 213433 24 9 II 13 Net collected Cross premiums written and renewed dur ing the year 1466497 19 Total 167993043 Deduct gross premiums and bills in course of collection at this date 208983 81 Kntire premiums collected luring the year 1470946 62 Deduci reinsurance rebate abatement and return premiums 482349 i1 Received for premiums other than perpetuals 988597 01 Rents from companys property including 700000 for companys use of own build ings Interest and dividends on stocks and bonds 6343000 from all other sources 34659 Total rents and interest 7000 00 63776 59 70776 59112 COMPTROLLERGENERALS REPORT 15 Received from head office during the year 5S0583 62 Total income during the year 1639957 22 Total footings 3410755 19 IIIDISBURSEMENTS DURING YEAR As shown by the books at home office at close of business December Ml 1 Gross amount paid for losses including 10800830 occurring in previous years 707231 98 2 Deduct amounts received for salvages on losses of the last or of previous years 760477 and from reinsurance in other companies 15960141 167206 18 3 Net amount paid during the year for losses 7 Commissions or brokerage to agents less received on re insurances 8 Rents including 700000 for companys use of own build ings less 148332 from subleases 9 Salaries fees and all other charges of officers clerks and other employes 10 Taxes on premiums 2793047 on real estate 302710 11 Insurance department fees and agents licenses 767536 municipal licenses 410234 tax on franchise 437678 16154 48 12 Advertising printing and stationery 1302832 legal ex penses 25520 repairs and expenses on real estate furniture and fixtures 579 miscellaneous 10096020 14 Remitted to head office during the year 540025 143425 14176 89673 3057 80 63 68 66 57 11424 162135 5 55 Total expenditures luring the year 1111298 Balance 2299456 31 LEDGER ssKl As per ledger accounts shown by the books at mine office at close of business Decembi i il 1 Book value of real estate unincumbered 115000 00 4 Book value of bonds excluding interest 189917875 and stocks 20200000 2101178 75 5 Cash in companys offices 1552 22 Deposited in banks MerchantsLoan and Trust Company Chicago 2485261 Northern Trust Company Chicago 38033 American Exchange Bank Si Ion is 144745 National Bank of Com merce New York 7003086 Onion Trust Company New York 226340 Bank of British Columbia San Francisco 52560 total 99500 25 c Bills receivable 18914 agents debit balances 74072 1109 8ii Total 231816 08COMPTROLLERGENERALS REPORT 113 Deduct Ledger Liabilities 7 Agents credit balances 86812 all other 1783065 Total net ledger assets 18704 77 2299456 31 NONLEDGER ASSETS 9 Interest due 956250 and accrued 7 37250 16935 00 Total carried out 16935 00 14 Market value not including interest in item 9 of bonds and stocks over book value 15 Gross premiums in course of collection December 31 not more than three months due 198974 46 16 Deduct cost of collection commission and brokerage 28043 15 17 Net amount of uncollected premiums not more than three months due 31815 62 170931 31 Gross assets Deduct Assets not Admitted 3 Agents debit balances unsecured Total admitted assets 2519138 24 740 72 2518397 52 VNONLEDGE It LIA BILITIES 1 Losses adjusted and unpaid due S not yet due 2548027 25480 27 2 Losses in process of adjustment or in sus pense including all reported and sup posed losses 64550 90 3 Losses resisted not outlawed including in terest costs and other expenses thereon 22370 50 4 Total amount of claims for losses 112401 67 5 Deduct reinsurance due or accrued 5927 86 0 Net amount of unpaid losses 7 Gross premiums less reinsurance received and receivable upon all unexpired Are risks running one year or less from date of policy including interest premiums on perpetual fire risks 86869533 unearned premiums fifty per cent 434347 s Gross premiums less reinsurance received and receivable upon all unexpired fire risks running more than one year from date of policy 91924105 unearned premiums pro rata 487636 66 11 Tola I unearned premiums as computed above 19 Commissions brokerage and other charges due to agents and brokers on premiums paid 106473 81 921984 32 78 07114 C M PTROLLERGENER ALS REPORT 20 Return premiums 1180959 and reinsur ance premiums 797475 19784 34 19862 41 22 Total amount of all liabilities 1048320 54 25 Divisible surplus 1470070 98 Total 2518397 52 Business in the State oj Georgia During the Year 1898 15 Gross risks written 2307083 00 16 Gross premiums received 23295 41 17 Losses paid 8759 13 18 Losses incurred 8244 13 BUSINESS IN GEORGIA FOR YEAH ENDING APRIL 30 1899 Risks 2250929 00 Premiums 21272 77 Losses 5730 34 Tax 212 72 ORIENT FIRE INSURANCE COMPANY OF HARTFORD CONN ICAPITAL 1 Whole amount of capital stock 500000 00 2 Amount paid up in cash 500000 IX 1 2 4 5 0 9 10 L2 13 Market value of real estate owned by the company less the amount of incumbrances thereon Loans on bond and mortgage duly recorded and being first liens on the fee simple Interest due on all said bond and mortgage loans 3 0414 interest accrued thereon 154627 total Value of lands mortgaged exclusive of buildings and perishable improvements I Value of buildings mortgaged insured for 12030000as collateral Total value of said mortgaged premises J 827672 00 Total par and market value of stocks and bonds owned absolutely by the company carried out at market val Amount of stocks bonds and all other securities except mortgages hypothecated to the company as collateral security for cash actually loaned by the company with the par and market value of the same and the amount loaned t hereon ash in companys principal office Cash belonging to the company deposited in bank American National 5161665 City Bank 20548 23 Farmers and Me chanics 1342900 United States Rank 662 total Total cash items 11898 03 80238 50 90141 74 237149 tiO 4010 41 1868119 51 1750 00 98130 53COMPTROLLERGENERALS REPORT 115 16 17 Interest due and accrued on stocks not included in mar ket value uncollected Interest due and accrued on collateral loans and uncol lected Cash in hands of agents and in course of transmission All other assets both real and personal as per schedule attached viz Rents due and accrued 72068 due from other companies for reinsurance on losses already paid total Special cash deposit New Mexico 11525 OS 52 50 188430 60 720 68 10000 00 Total assets of the company actual cash market value 2516673 26 11 17 20 21 23 24 208819 49 17289 45 226108 94 20010 67 III LIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 3 Losses resisted including interestcosts and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 6 Net amount of unpaid losses 206098 27 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 90908346 unearn ed premiums fifty per cent 454541 73 8 Cross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 98853690 un earned premiums pro rata 524637 75 9 Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired inland navigation and marine risks 2917431 14587 16 Total unearned premiums as computed above Due and accrued for salaries rant advertising and for agency and other miscellaneous expenses Total amount of all liabilitiesexcept capital stock scrip and net surplus 1202628 23 Joint stock capital actually paid up in cash 500000 00 Surplus beyond capital and all other liabilities 814045 03 Aggregate amount of all liabilities Including cap ital paid np and net surplus 2511673 26 993766 64 2703 32 IVINCOME DURING THE YBAK Marine anil Inland Bisk 7 Entire premiums collected during Fire Risks the year1684146 44 38932 06lli COMPTROLLERGENERALS REPORT 8 Deduct reinsurance and return premiums 364157 81 8259 68 9 Net cash actually received for premiums 1269988 63 30672 38 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all others sources omitting in crease if any in value of securities viz Rents 11800 15 1300661 01 19207 35 85513 22 118 00 Aggregate amount of income actually received during the year in cash 1405199 58 VEXPENDITURES DURING THE YEAR Marine and Gross amount actually paid for Fire Eists Inland Risks losses including 11800534 losses occurring in previous years 848756 40 24514 74 Deduct all amounts actually receiv ed for salvages whether on losses of the last or previous year 1379858 and all amounts act ually received for reinsurance in other companies 7979026 total deductions 90526 79 3062 05 3 Net amount paid during the year for losses 758229 61 21452 69 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Iaid for commissions or brokerage 7 Paid for salaries lees and other Charges of officers clerks agents and all other employes 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures Aggregate amount of actual expenditures during the year in cash Businezs in the Slate of Georgia during the year ending December Fire marine and inland risks written Premiums received gross Losses paid Losses incurred 779682 30 50000 0 204102 06 113603 25 37101 90 81874 98 1326364 49 31 1898 2265832 00 33780 31 3778 82 11127 43 BUSINESS IN GEORGIA FOR Till YEAR ENDING APRIL 30 1899 Risks 2203035 00 Premiums 34046 34 Losses 33145 32 Lix 340 46COMPTROLLERGENERALS REPORT 117 THE PACIFIC FIRE INSURANCE CO OF NEW YORK N Y I CAPITAL 1 Whole amount of capital stock S 210000 00 2 Amount paid up in cash 200000 00 II ASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 9015 50 2 Loans on bond and mortgage duly recorded and being first liens on fee simple 245150 00 3 Interest due on all said bond and mortgage loans 350 accrued 198646 Total 2336 46 4 Value of lands mortgaged exclusive of buildings and perishable improvements 196500 00 5 Value of buildings mortgaged insured for 237000 as collateral 263500 00 6 Total value of said mortgaged premises 460000 00 9 Par and market value of bonds and stocks owned abso lutely by the company carried out at market value 490872 50 12 Cash in companys principal office 1105 68 13 Cash belonging to the company deposited in bank Pacific Bank 26861 52 Total cash items 27967 20 35 Interest due and accrued on stocks not included in mar ket value uncollected 1514 71 17 Cash in hands of agents and in course of transmission 79247 59 All other assets both real and personal viz due from other companies for reinsurance on losses already paid Providence Washington 82426 Nassau 8802 Peter Cooper 1207 National 589 American of Philadelphia 8342933 66 Total assets of the company actual cash market value 857037 62 III LIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 68787 58 3 Losses resisted including interest costs and other expenses thereon 4565 65 4 Total gross amount of claims for losses 73353 23 5 Deduct reinsurance thereon 11456 13 6 Net amount of unpaid losses 61897 10 7 Gross premiums without any deduction received and receivable upon all nnex pired fire risks running one year or less from date of policy 27461999 un earned premiums fifty per cent 137308 99 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 29975336 un earned premiums pro rata 167985 02118 COMPTROLLERGENERALS REPORT 11 Total unearned premiums as computed above 305294 01 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 6964 18 18 Amount borrowed money 10000 00 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions brokerage and other charges due and to become due to agents and brokers on prem iums paid and in course of collection 1923671 re turn premiums 98056 reinsurance 857073 Total 28758 00 20 Total amount of all liabilities except capital stock scrip and net surplus 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital stock and other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus IV INCOME DURING THE YEAR Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement Deduct amount of same not collected On Fire Risks 78728 23 609 04 Net collected Gross premiums on risks written and re newed during the year Total Deduct premiums and bills in course of col lection at this date 78119 19 528111 14 606230 33 83581 87 I 8 9 10 II 12 15 Entire premiums collected during the year 522648 46 Deduct reinsurance and return premiums 1404S 12 Xet cash actually received for premiums Received for interest on bonds and mortgages Received for interests and dividends on stocks and bonds collateral loans and from all other sources Income received from all other sources omitting in crease if any in value of securities viz Rents Aggregate amount of income actually received during t lie year in cash V BXBENMTUKK8 JUUTNc THE YEAR On Kire Risks Gross amount actually paid for losses in cluding 4376758 losses occurring in pre vious years 247650 25 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 200385 and all amounts actually received for reinsur ance in other companies 2567568 To tal deductions 27679 53 412913 29 200000 00 214124 33 857037 62 382159 34 11574 50 15212 18 409011 34COMPTROLLERGENERALS REPORT 119 3 Net amount paid daring the year for losses 219970 72 4 Cash dividends actually paid stockholders 20000 00 6 Paid for commissions or brokerage 91634 75 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 40913 93 8 Paid for State national and local taxes in this and other States 15907 9 All other payments and expenditures viz Advertising printing and stationery 304150 legal advertising 37721 furniture and fixtures 47784 legal expenses 30 miscellaneous 2844713 Total32373 68 Aggregate amount of actual expenditures during the year in cash 417652 m Business in the State of Geirgii during the Year ending December 31 1898 Fire Bisks Fire risks written 203470 00 Premiums received gross 2737 Lossespaid Losses incurred 2156 4 BUSINESS IN GEORGIA FOB THE YEAR ENDING APRIL 30 1899 364570 00 tusks Premiums 5315 35 Losses 407573 Tax 5315 PALATINE KIKE INSURANCE COMPANY LTD OF MANCHESTER ENGLAND IIASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 60000 00 3 Interest due on all said bond and mortgage loans interest accrued thereon 840 total 840 00 4 Value of lands mortgaged exclusive of buildings and perishable improvements 165000 00 5 Value of buildings mortgaged insured for 61000 as collateral 80500 00 Total par and market value of stocks and bonds owned absolutely by this company carried out at market value 308417800 12 Gash in companys principal office 392 is 13 Cash belonging to the company deposited in Mercantile Trust Co New York 7o 49388 Mercantile Trust Co Trustees acct 3193669 Royal Trust Co Chi cago 1025545 London Paris and American San Francisco 255734 An gloCalif ornian San Francisco 227730 Canal Bank New Orleans 968506 N National Bank New Orleans 750000 otal 139706 32 139706 32120 COMPTROLLERGENERALS REPORT 15 Interest due and accrued on stocks not included in mar ket value uncollected 117 Cash in hands of agents and in course of transmission Rue from Traders Ins Co Chicago Total assets of the company actual cash market value 11625 00 352197 7 1489 41 2653828 80 8 11 17 19 20 23 24 HILIABILITIES Losses due and unpaid 28234 38 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 163214 08 Losses resisted including interest costs and other expenses thereon 37151 73 Total gross amount of claims for losses 228600 19 Deduct reinsurance thereon 7810 50 Net amount of unpaid losses 220783 69 Gross premiums without any deduction re ceived and receivable upon all unexpired Are risks running one year or less from date of policy 1689715 16 Unearned premiums fifty per cent as per schedule 844857 58 rross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 1018963 15 Unearned premiums 53i570 55 Total unearned premiums as computed above carried out 1384428 13 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 198 89 All other demands against the company absolute and contingent due and to become due admitted and con tested viz State city county and other taxes 69029 commissions brokerage etc 6024541 return pre miums 2586001 reinsurance 1033481 97130 52 Total amount of all liabilities except capital stock scrip and net surplus 1703541 23 Surplus beyond capital and all other liabilities 950287 57 Aggregate amount of all liabilities including capital paid up and net surplus 2653828 80 INCOME DUBING THE VKAIi iross premiums and bills in course of col lection at close of last previous year as shown by that years statement Deduct amount of same not collected Net collected iross premiums on risks written and re newed during the year as shown in risk and premium exhibit Total On Fire Risks 400139 95 167 12 399972 53 2583698 33 2983670 80COMPTROLLERGENER ALS REPORT 121 8 10 11 15 Deduct premiums and bills in course of col lection at this date 367125 92 Entire premiums collected during the year 2616544 94 Deduct reinsurance and return premiums 670988 07 Net cash actually received for premiums carried out 1945556 87 Received for interest on bonds and mortgages Received for interests and dividends on stocks and bonds collateral loans and from all other sources Aggregate amount of income actually received during the year m cash 2uaoaa o L0 1945556 87 3000 00 88442 95 1306900 03 EXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 21303638 losses occurring in previous years 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1793977 and all amounts actually received for reinsur ances in other companies 3618845 to tal deductions 3 Net amount paid during the year for losses 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 8 Paid for state national and local taxes in this and other states 9 All other payments and expenditures viz Printing and stationery advertising rent travel and sundries American branches of foreign companies will please report amount sent to home 54128 22 1252771 81 1252771 81 457352 97 143891 90 48996 53 106341 55 offices during the year 28141749 2009354 76 Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year ending Dec 31 1S9S Fire marine and inland risks written Premiums received gross Losses paid Losses incurred 2498016 00 42218 97 35293 07 37734 78 BUSINESS IS GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks Premiums Losses Tax 2026590 00 42738 26 37576 96 427 38122 COMPTROLLERGEXER A L S RE PORT THE PENNSYLVANIA FTRE INSURANCE COMPANY OF PHILADELPHIA PA ICAPITAL 1 Whole amount of capital stock 400000 00 2 Amount paid up in cash 400000 00 11 12 13 15 in 17 Market value of real estate owned by the company less the amount of incumbrances thereon Loans on bond and mortgage duly recorded and being first liens on the fee simple Interest due on all said bond and mortgage loans 286250 interest accrued thereon 830438 total Value of lands mortgaged exclusive of buildings and perishable improve mentsJ 2168400 00 Value of buildngs mortgaged insured for 63560000 as collateralJ Total par and market value of stocks and bonds owned absolutely by the company carried oui at market value Total par and market value and amount loaned thereon Cash in companys principal office 5511 51 Cash belonging to the company deposited in bank Philadelphia National 26 09498 Western National 11180900 total 137003 98 Total cash items interest due and accrued on stocks and bonds not in cluded in market value uncollected Interest due and accrued on collateral loans and uncol lected i Cash in hands of agents and in course of transmission All other assets both real and personal Rents due and accrued Total assets of the company act tial cash market value 249 846 11 OiiO 00 00 00 166 88 3621 SI 300 00 850 t0 143 265 01 J 415 19 500 00 478 6 500 57 225 00 330 01 IIILIABILITIES 1 Loans due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and sup posed Iossm 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claim for losses 0 Net amount of unpaid losses 7 Cross premiums without any deduction re ceived and receivable upon all unexpired tire risks running one year or less from date of policy 156777906 unearned premiums fifty per cent 14025 88 146823 39 6725 00 167584 27 167584 27 783889 53COMPTROLLERGENERALS REPORT 123 S Gross premiums without any deduction re ceived and receivable upon all unexpired tire risks running more than one year from date ot policy 136452605 un earned premiums pro rata 743087 51 11 Total unearned preminms as computed above carried out lit All other demands against the company absolute and contingent due and to become due admitted and con gested viz Amount receivable by the insured on per petual fire insurance policies Commission on premiums through home office Total 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR On Fire Risks 1 Premiums and bills in course of collection at close of last previous year as shown by that years statement 246117 16 3 Net collected 24i117 6 4 Gross premiums on risks written and re newed during the year 2204559 86 5 Total 2450677 02 6 Deduct premiums and bills in course of col lection at this date 1526977 04 831311 42 4000 00 2529 872 73 400000 00 2297463 37 5227336 10 Kntire premiums collected during the year Deduct reinsurance and return premiums 265500 57 2185176 45 531270 79 Hi 11 12 9 Net cash actually received for premiums carried out Received for interest on bonds and mortgages Received for interests and dividends on stocks and bonds collateral loans and from all other sources Income received from all other sources omitting increase if any in value of securities viz Transfers 381 00 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR On Fire Risks 1 ross amount actually paid for losses in cluding losses occurringin previous years 2 Deduct all amounts actually received for salvages whether on loans of the last or previous year and all amounts actually received for reinsurance in other companies 10747795 total de ductions 3 Net amount paid during the year for losses 1653905 66 42647 21 165512 03 4457 44 1866 903 34 1205109 42 107477 95 1097631 47124 COMPTROLLERGENERALS REPORT 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and other employes 8 Paid for State national and local taxes in this and other States 9 All other payments viz Miscellaneous 100000 00 381211 91 95400 00 58374 01 96632 78 Aggregate amount of actual expenditures during the year in cash 1829390 17 Business in Georgia during the year ending Dec 31 1898 Fire Risks Fire marine and inland risks written 1568741 00 Premiums received gross 25 70s 82 Losses paid 29 473 R 29054 80 Losses incurred BUSINESS IN GEORGIA FOR YEARENDING APRIL 30 1899 Risks Premiums Losses Tax 1507024 00 22754 4S 21406 72 227 54 THE UNITED STATES BRANCH PHCENIX ASSURANCE COMPANY OF LONDON ENGLAND IIASSETS 9 Total par and market value of bonds owned absolutely by the company carried out at market value 2248 707 50 12 Cash in companys principal office 13960 50 13 Cash belonging to the company deposited in bank Bank of the State of New York American Exchange National Bank 312672 81 Cash in hands of U S trustees 380107 53 Total cash items 706 740 s 17 Cash in hands of agents and in course of transmission 202291 01 All other assets both real and personal as per schedule attached viz Rents due and accrued S due from other companies for reinsurance on losses already paid 634690 bills receivable 45851 6805 4 Total assets of the company actual cash market value ol04io 70 III LIABILITIES 1 Losses due and unpaid 24 104 00 2 iri losses in process of adjustment or in pense including all reported and sup posed losses 320835 00 3 Losses resisted including interest costs and er expenses thereon 24455 00COMPTROLLERGENERALS REPORT 125 Total gross amount of claims for losses Deduct reinsurance thereon 375394 00 138560 00 Net amount of unpaid losses Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 150070102 unearned premiums fifty per cent Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 117326564 un earned premiums pro rata 236834 00 750350 51 636068 11 19 Total unearned premiums as computed above carried out All other demands against the company absolute and contingent due and to become due admitted and con tested viz Return premiums 506668 commissions brokerage and other charges due and to become due 6940862 due for reinsurance 8281870 reserved for liabilities possible but not apparent 2500000 1386419 40 182294 00 20 23 24 Total amount of all liabilities except capital stock scrip and net surplus 1805547 40 Surplus beyond capital and all other liabilities 1359057 36 Aggregate amount of all liabilities including capi tal paid up and net surplus 3164604 76 IVINCOME DURING THE YEAR On Fire Risks Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 235282 17 Deduct amount of same not collected 1613 11 Net collected 233669 06 Gross premiums on risks written and re newed during the year 3003947 28 Total 3237616 34 Deduct premiums and bills in course of col lection at this date 204543 23 7 8 9 11 Entire premiums collected during the year 3033073 11 Deduct reinsurance and return premiums 1040634 23 Net cash actually received for premiums carried out Received for interests and dividends on stocks and bonds collateral loans and from all other sources Income received from all other sources omitting increase if any in value of securities viz Rents profit on sale of securities and sundry items of profit and loss account 1992438 88 76400 38 6801 24 15 Aggregate amount of income actually received dur ing the year in cash 2075700 50126 COMPTROLLERGENERALS REPORT VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 28974273 losses occuring in pre vious years 1672724 52 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous years 1430861 and all amounts actually received for reinsur ance in other companies 46570392 total deductions 480012 53 10 3 Net amount paid during the year for losses 1192711 6 Paid for commissions and brokerage 426893 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz General ex penses printing stationery advertising traveling rents maps telegrams etc American brandies of foreign companies will please report amount sent to home offices during the year 7470022 135134 62600 78 17 79 13590 87 Aggregate amount of actual expenditures during the year in cash 1952731 Business in the Slate of Georgia During the Year Ending Dec 31 1898 Fire Risks Fire marine and inland risks written 1427 445 Premiums received gross 18 430 Losses paid 16390 Losses incurred 15 539 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks Premiums Losses Tax 2136362 20244 14165 202 60 44 9 61 00 19 4U 37 14 PHENIX FIRE INSURANCE COMPANY OF BROOKLYN NEW YORK ICAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 01 itASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 543 000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 96600 00 3 Interest due on all said bond and mortgage loans Interest accrued thereon 156995 total 1569 95COMPTROLLERGENERALS REPORT 127 4 Value of lands mortgaged exclusive of buildings and perishable improvements 55000 00 5 Value of buildings mortgaged insured for 10400000 as collateral 115250 00 6 Total value of said mortgaged premises carried inside 170250 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 4047717 00 12 Cash in companys principal office 4297 97 13 Cash belonging to the company deposited in National Park Bank New York 374 053 17 Chatham National Bank New York 20650514 Seventh National Bank New York 2500 National City Bank Brooklyn 2500 Peoples Trust Company Brooklyn 512426 total 594980 54 15 Interest due and accrued on stocks not included in mar ket value uncollected 7660 00 17 Cash in hands of agents and in course of transmission 520517 05 18 All other assets both real and personal viz Rents due and accrued 1451576 4515 76 Total assets of the company actual cash market value 5816560 30 LIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 184945 83 3 Losses resisted including interest costs and other expenses thereon 27075 00 4 Total gross amount of claims for losses 212020 83 6 Net amount of unpaid losses 212020 83 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 1796656 36 Unearned premiums fifty per cent as per schedule 898328 18 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 413154193 Un earned premiums 2041802 81 11 Total unearned premiums as computed above carried out 294013099 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 2083 34 19 All other demands against the company absolute and con tingent due and to become due admitted and contest ed viz Commissions brokerage and other charges due and to become due to agents and brokers on premiums paid and in course of collection 8688301 return pre miums 5017764 reinsurance 455598 total 141616 63128 COMPTROLLERGENERALS REPORT 20 Total amount of all liabilities except capital stock scrip and net surplus 3295851 79 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 1520708 51 24 Aggregate amount of all liabilities including capital paid up and net surplus 5816560 30 1 Amount of unearned premiums represented by installment notesbeing the whole amount of such notes 134451 48 INCOME DURING THE YEAR On Fire Risks 564939 18 564939 18 10 11 12 15 2997142 5731 09 17 160252 54 245 Vjo 04 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement Net collected Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 3611799 21 Total 4176738 39 Deduct premiums and bills in course of col lection at this date 520 517 05 Entire premiums collected during the year 3656221 34 Deduct reinsurance and return premiums 659079 25 Net cash actually received for premiums carried out 2997142 09 Received for interest on bonds and mortgages Received for interests and dividends on stocks and bonds collateral loans and from all other sources Income received from all other sources omitting increase if any in value of securities viz Rents 2455594 Aggregate amount of income actually received during the year in cash 3187681 74 EXPENDITURES DURING THE YEAR 1 r On Fire Risks 1 Lxross amount actually paid for losses in cluding 20025723 losses occurring in previous years 1902224 27 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 9138 92 and all amounts actually received for reinsur ances in other companies 17143598 to tal deductions 180574 90 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends de clared during the year 0 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 8 Paid for state national and local taxes in this and other slates 1721649 37 1721049 37 100 559 318 SI 000 00 380 03 510 88 717 46COMPTROLLERGENERALS REPORT 129 9 All other payments and expenditures viz Postage tele grams express stationery traveling expenses print ing advertising legal and all other expenses 340717 01 Aggregate amount of actual expenditures during the year in cash 3121975 35 Business in the State of Georgia during the year ending Dec 31 1898 Fire marine and inland risks written 3133710 00 Premiums received gross Losses paid Losses incurred BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks Premiums Losses Tax 47451 92 28727 50 28727 50 45185 64 25234 56 451 85 PHCENIX FIRE INSURANCE COMPANY OF HARTFORD CONN ICAPITAL 1 Whole amount of capital stock 2000000 00 2 Amount paid up in cash 2000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans 1 80466 interest accrued thereon 307761 total 4 Value of lands mortgaged exclusive of buildings and perishable improvements 208240 00 5 Value of buildings mortgaged insured for 61700 00 as collateral 104900 00 6 Total value of said mortgaged prem ises 313140 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market val 11 Total par and market value of stocks bonds and all other securities except mortgages hypothecated to the com pany as collateral security for cash actually loaned by the company and the amount loaned thereon 12 Cash in companys principal office 37780 30 13 Cash belonging to the company deposited in bank Hartford National Bank 237 56194 Atlantic Trust Company N Y 5553351 Wells Fargo Cos Bank San Francisco Cal 255033 295645 78 Total cash items 511307 14 124277 60 4882 27 1095073 00 20200 00 333426 08130 COMPTROLLERGENERALS REPORT 15 Interest due and accrued on stocks not included on mar ket value unoollected Interest due and accrued on collateral loans and uncol lected and bank deposits Cash in hands of agents and in course of transmission All other assets both real and personal as per schedule attached viz Rents due and accrued 308602 due from other companies for reinsurance on losses already paid 337110 16 17 23537 00 1470 00 390777 50 6457 12 Total assets of the company actual cash market val 5511407 71 IIILIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of Claims for losses 5 Deduct reinsurance thereon 51343 80 249981 85 30501 48 331827 13 13123 21 6 Net amount of unpaid losses 318 793 93 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 182671125 un earned premiums fifty per cent 913355 63 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 215483385 unearned premiums pro rata 1095590 28 11 Total unearned premiums as computed above 20 Total amount of all liabilities except capital stock scrip and net surplus 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capitaT paid up and net surplus 51 407 71 IVINCOME DURING THE YEAR 7 Entire premiums collected during the year 3099117 49 8 Deduct reinsuarnce and return premiums 385709 49 9 Net cash actually received for premiums 2713408 00 10 Received for interest on bonds and mortgages 6988 62 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 186 938 C3 12 Income received from all other sources omitting increase if any in value of securities viz Rents 1088497 10884 97 15 Aggregate amount of income actually received dur ing the year in cash 2118219 62 2008945 91 2327649 83 2000000 00 1183757 88COMPTROLLERGENERALS REPORT 131 V EXPENDITURES DURING TIIR YEAR 1 Gross amount actually paid for losses in cluding 33645399 losses occurring in previous years 1785561 52 2 Deduct all amounts actually received for salvages whether on losses of the last or previous year 861894 and all amounts actually received for reinsurances in other companies 5220263 total deduc tions 60S2157 3 Net amount paid during the year for losses 1724739 95 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 193062 44 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz General ex penses total 280000 00 480164 82 75384 C4 326296 76 Aggregate amount of actual expenditures during the year in cash 3079648 01 Business in the State of Georgia During the Year Ending December 31 1898 Fire marine and inland risks written 2836941 00 Premiums received gross 48552 34 Losses paid 37859 67 Losses incurred 42314 43 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 3205680 00 Premiums 47070 52 Losses 33G77 89 Tax 47070 THE QUEEN FIRE INSURANCE CO OF AMERICA NEW YORK N Y ICAPITAL 1 Whole amount of capital stock 500000 00 2 Amount paid up in cash 500000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 721770 68 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 3494581 54 12 Cash in companys principal office 11799 32 13 Cash belonging to the company deposited in bank 102803 45 Total cash items 114602 77132 COMPTROLLERGENERALS REPORT 15 Interest due and accrued on stocks not included in market value uncollected 16 Interest due and accrued on bank balances 17 Cash in hands of agents and in course of transmission 18 Bills receivable not matured taken for fire risks All other assets both real and personal as per schedule at tached Az Rents due and accrued 359931 due from other companies for reinsurance on losses already paid Phenix Brooklyn 440 Total ns3ets of the company actual cash market value 43362 30 680 67 289560 61 223 50 3603 71 4668340 78 IIILIABILITIES 1 Lo3ses due and unpaid 57683 83 2 Gros3 losses in process of adjustment or in suspense including all reported and sup posed losses 91467 49 3 Losses resisted including interest costs and oiher expenses thereon 37102 45 4 Total gross amount of claims for losses 186250 77 5 Deduct reinsurance thereon 7509 77 6 Net amount of unpaid losses 178741 0J 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 133001377 unearned premiums fifty per cent 665006 87 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 168522581 unearned premiums pro rata 867722 15 11 Total unearned premiums as computed above 1532729 02 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 16893 09 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz State city county or other taxes and assessments 2593855 commissions due and to become due 72 225 20 return premiums 1375246 reinsurance 4 58150 Total 116497 71 20 Total amount of all liabilities except capital stock scrip and net surplus 1844363 82 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 2323974 96 24 Aggregate amount of all liabilities including capital paid up and net surplus 4668340 78COMPTROLLERGENERALS REPORT 133 IV INCOME DURING THE YEAH Ou Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 327151 40 2 Add amount collected in 1898 previously written off69 58 3 Net collected 327220 98 4 Gross premiums written and renewed during the year 2363901 85 5 Total 2691122 83 6 Deduct premiums and bills in course of col lection at this date 295209 75 7 Entire premiums collected during the year 2395913 08 8 Deduct reinsurance and return premiums 527026 85 9 Net cash actually received for premiums 1868886 23 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 122824 43 12 Income received from all other sources omitting increase if any in value of securities viz Kents 8224 30 15 Aggregate amount tf incjme aotu illy received during the year in cash 1999934 96 VEXPENDITURES DURING THE TEAR 1 Gross amount actually paid for loes in Oa Fire Risk eluding 14466343 losses occuring in pre vious years 1203247 56 2 Deduct all amounts actually receive 1 for sal vages whether on losses of the last or of previous year 2851566 and all amounts actually received for reinsurances in other companies 8415881 total deductions 112674 47 Net amount paid during the year for losses 1090573 09 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 100000 100000 00 6 Paid for commissions or brokerage 309741 18 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 187158 89 S Paid for State national and local taxes in this and other States 51849 71 9 All other payments and expenditures viz Rents 18 12235 advertising printing and stationery 2174811 legal 122762 furniture and fixtures 27347 miscel laneous 7818018 Total 119551 73 Aggregate amount of actual expenditures during the year in caidi 1858874 60134 COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year ending December 31 1S9S Fire Risks Fire marine and inland risks written 2360911 00 Premiums received gross 35642 55 Losses paid 30968 47 Losses incurred 30883 47 BUSINESS IN GEOBGIA FOR YEAH ENDING APRIL 30 1899 Eks 2671419 00 Premiums 36173 44 Losses 15346 73 Tax 361 73 THE ROCHESTER GERMAN FIRE INSURANCE COMPANY ROCHESTER N Y OF ICAPITAL 1 Whole amount of capital stock 200000 00 2 Amount paid up in cash 200000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 204040 49 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 39Q 267 50 3 Interest due on all said bond and mortgage loans 177350 interest accrued thereon 683807 total 8611 57 4 Value of lands mortgaged exclusive of buildings and perishable improvements 447640 00 5 Value of buildings mortgaged insured for 37442500 as collateral 530050 00 6 Total value of said mortgaged premises carried inside 977690 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 326675 00 12 Cash in companys principal office 649 54 13 Cash belonging to the company deposited in bank GermanAmerican Bank 94176 29 30000 of this amount on special deposit at 4 per cent Total 94825 83 15 Interest due and accrued on stocks not included in mar ket value uncollected 3 74 73 17 Cash in hands of agents and in course of transmission 60860 81 Total assets of the company actual cash market value 1095022 93COMPTROLLERGENERALS REPORT 135 IIILIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 7 Gross premiums without any deduction received and receivable upon all unex pired Are risks running one year or less from date of policy 24170854 un earned premiums fifty per cent 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 33001815 un earned premiums pro rata 458 20 9553 65 300 00 13311 85 120854 27 180859 93 11 Total unearned premiums as computed above carried out 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions etc due agents 301714 20 13290 98 Total 328317 03 21 Joint stock actually paid up in cash 200000 00 23 Surplus beyond capital and all other liabilities566705 90 24 Aggregate amount of all liabilities including capital paid up and net surplus 1095022 93 IVINCOME DURING THE YEAR Oa Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement46506 44 3 Net collected 4650G 44 4 Gross premiums on risks written and re newed during the year 457231 49 Total 503737 93 Deduct premiums and bills in course of col lection at this date 60860 81 Entire premiums collected during the year 442877 12 Deduct reinsurance and return premiums 137991 28 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents 945350 discount 74933 suspense account 45844 total 304885 84 18917 39 14580 69 10661 2T 15 Aggregate amount of income actually received during the year in cash 349045 19136 COMPTROLLERGENERALS REPORT EXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 20 10930 losses occurring in pre vious years 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 30193 and all amounts actually received for reinsur ances in other companies 3154588 177620 50 total deductions 31847 81 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employes Paid for State national and local taxes in this and other States All other payments and expenditures viz Expense ac count 3328665 printing and stationery 266117 profit and loss account 35004 total Aggregate amount of actual expenditures during the year in cash 8 145772 69 20000 00 57046 60 32845 73 16363 32 36297 86 308326 20 Business in the State of Georgia during the year ending Dec 31 1898 Fire Risks 669693 00 11205 96 1847 87 1847 87 Fire marine and inland risks written Premiums received gross Losses paid Losses incurred BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks Premiums Losses Tax 1016292 00 16438 60 3417 61 164 39 THE UNITED STATES BRANCH OF THE ROYAL FIRE INSURANCE COMPANY OF LIVERPOOL ENGLAND IIAfSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans Interest accrued thereon 141083 total 4 Value of lands mortgaged exclusive of buildings and perishable improvements c A 5 Value of buildings mortgaged insured for l 000 00 ei700000 as collateral 2143090 05 256000 00 1410 83COMPTROLLERGENERALS REPORT 137 6 Total value of said mortgaged buildings carried inside 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 12 Cash in companys principal office 13 Cash belonging to the company deposited in banks and trust companies and in hands of branches 15 Interest due and accrued on stocks not included in market value uncollected 17 Cash in hands of agents and in course of transmission All other assets both real and personal viz Rents due and accrued 1363898 Due from other companies for reinsurance on losses already paid foS39 amount receivable under perpetual policies 136544 all other items 80578 total Total assets of the company actual cash market value IIILIABILITIES 1 Losses due and unpaid 21891 55 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivabe upon all unexpired fire risks running one year or less from date of policy 282690325 unearned premiums fifty per cent 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 440323929 unearned premiums pro rata 228376 99 11 Total unearned premiums as computed above carried out 11a Amount reclaimable by the assured on perpetual fire in surance policies being 90 and 95 per cent of the premium or deposit received 12 Net premiums rtserve and all other liabilities except capi tal under the life insurance or any other special depart ment 17 Due and accrupd for talaries rent taxes advertising and for agency and other miscellaneous expenses 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions 8057162 return premiums 19 55989 rtinsurance 146559 96 total 558196 82 52974 99 633063 36 112284 39 445000 00 3810726 33 9307 96 256491 91 44037 49 635036 90 1413451 62 15868 59 7171970 06 520778 97 3697219 61 225409 70 120955 74 46788 04 246691 47138 COMPTROLLERGENERALS REPORT 20 Total amount of all liabilities except net surplus 4857843 53 23 Surplus beyond all other liabilities 2314126 53 24 Aggregate amount of all liabilities including net surplus 7171970 06 IVINCOME DURING THE YEAR Q Fipe Risks J Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 792869 44 2 Deduct amount cf same not collected 2316 88 3 Net collected 790552 56 4 Gross premiums on lisks written and renewed during the year 5634756 74 5 Total 6425309 30 6 Deduct premiums and bills in course of col lection at this date 659662 51 7 Entire premiums collected during the year 5765646 79 8 Deduct reinsurance and return premiums 1496656 23 9 Net cash actually received for premiums carried out 4268990 56 10 Received for interf st on bonds and mortgages 11482 03 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 165418 27 12 Income received from all other sources omitting increase if any in value of securities viz Rents 572S3 80 57283 80 14 American branches of foreign companies will please report amount of remittances from home office during the year 12458917 15 Aggregate amount of income actually received during the year in cash 4503174 66 VEXPENDITURES DURING THE YEAR 0 Fiie Risks 1 Gross amount actually paid for losses includ ing 44008927 losses occurring in previous yearp 2934042 64 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 5595885 and all amounts actually received for reinsurances in other companies 29900121 total deductions 354960 06 3 Net amount paid during the year for losses 2579082 58 6 Paid for commissions or brokerage 757 900 49 7 Paid for salaries fees and other charges of officers clerks agents and all other employts 349440 48 K Paid lor State national and local taxes in this and other States 233 Q3o q 9 All other payments and expenditures viz Rents print ing stationery advertising traveling legal and all other ex penses 289 279 78 10 Americen branches of foreign companies will please report amount sent to home offices during the year 57193262 Aggregate amount of actual expenditures during the year m cash 4108770 03COMPTROLLERGENERALS REPORT 139 Business in the Stale of Georgia during the year ending Dec 31 1898 Fire Risks Fire marine and inland risks written 5744534 49 Premiums received gross 58749 32 Losses paid 75561 04 Losses incurred 71206 04 BUSINESS IN GEORGIA FOR YEAR ENDING APRL 30 1899 Risks 5765885 63 Premiums 57178 08 Losses 49223 63 Tax 571 78 SCOTTISH UNION NATIONAL FIRE INSURANCE COMPANY EDINBURGH SCOTLAND OF CAPITAL 1 Whole amount of capital stock 30000000 00 2 Amount paid up in cash 1500000 00 1 Market value of real estate owned by the company less the amount of incumbrances thereon 157798 11 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 1364574 75 3 Interest due on all said bond and mortgage loans 10 98676 interest accrued thereon 1025557 total 21242 33 4 Value of lands mortgaged exclusive of buildings and perishable improvements 1334892 00 5 Value of buildings mortgaged insured for 133455000 as collateral 1808650 00 6 Total value of said mortgaged premises carried inside 3143542 00 V Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1972093 45 12 Cash in companys principal office 7715 54 13 Cash belonging to the company deposited in National Exchange Bank Hartford Conn 22300607 Imperial Bank of Can ada Toronto Ont 8508776 First Na tional Bank of Albuquerque N M 500000 San Miquel National Bank of Las Vegas N M 500000 First Na tional Bank of San Francisco 697865 Cuyahoga Building Loan Co Cleve land Ohio 500000 Lake Shore Savings Bank Co Cleveland Ohio 500000 Union Building Loan Co Cleveland Ohio 1000000 total 345072 48 15 Interest due and accrued on stocks not included in mar ket value uncollected 19561 69140 COMPTROLLERGENERALS REPORT 16 Interest due and accrued on collateral loans and uncol lected and other securities 595 61 17 Cash in hands of agents and in course of transmission 308673 07 Total assets of the company actual cash market value 4200127 03 304572 73 26241 67 374867 55 40253 86 11 17 19 20 23 24 IIILIABILITIES Losses due and unpaid 44053 15 Gross losses in process of adjustment or in suspense including all reported and sup posed losses Losses resisted including interest costs and other expenses thereon Total gross amount of claims for losses Deduct reinsurance thereon Net amount of unpaid losses 334613 6i Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 1666103 96 Unearned premiums fifty per cent as per schedule 833051 98 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 184823133 Un earned premiums 1014794 92 Total unearned premiums as computed above carried out Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions brokerage and other charges due and to become due to agents and brokers on premiums paid and in course of collection Total amount of all liabilities except capital stock scrip and net surplus 2213885 1847846 90 2000 00 29426 00 59 Surplus beyond capital and all other liabilities 1986240 44 Aggregate amount of all liabilities including capital paid up and net surplus 4 200 127 03 IVINCOME DURING THE YEAR On Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 138435 68 Net collected 138435 68 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 3154301 63 5 Total 3292737 31 6 Deduct premiums and bills in course of col lection at this date 147134 00COMPTROLLERGENERALS REPORT 141 7 Entire premiums collected luring the year 3145603 31 8 Deduct reinsurance and return premiums 868919 30 9 Net cash actually received for premiums carried out 2276684 01 2276684 01 10 Received for interest on bonds and mortgages 74475 IS 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 76259 46 12 Income received from all other sources omitting increase if any in value of securities viz Rents 97124 971 24 Total 2428389 89 14 American branches of foreign companies will please report amount of remittances from home office during the year 13087 04 15 Aggregate amount of income actually received during the year in cash 2428389 8 VEXPENDITURES DURING THE YEAR On Fire Eisks 1 Gross amount actually paid for losses in cluding 25360435 losses occurring in previous years 1631762 67 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 2924910 and all amounts actually received for reinsur ances in other companies 18391003 to tal deductions 213159 13 3 Net amount paid during the year for losses 1418603 54 1418 603 54 6 Paid for commissions or brokerage 525309 48 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 116053 83 8 Paid for state national and local taxes in this and other states 61925 2a 9 All other payments and expenditures viz General and agency expenses 140794 34 10 American branches of foreign companies will please re port amount sent to home offices during the year 109 99929 Aggregate amount of actual expenditures during the year in cash 2262686 39 Business in the State of Georgia during the year ending Dec 31 1898 Fire marine and inland risks written 2049571 00 Premiums received gross 35967 13 Losses paid 38967 25 Losses incurred 42741 45 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 226748000 Premiums 34603 97 Losses 3522251 Tax 34603142 COMPTROLLERGENERALS REPORT THE SOUTHERN MUTUAL FIRE INSURANCE CO OF ATHENS GA IIASSETS 1 Market value of real estate owned by the company less the amount of incumbranees thereon 20000 00 9 Total par and market value of bonds and stocks owned absolutely bythe company carried out at market value 924050 00 13 Cash belonging to the company deposited in bank Bank of the University 17691 70 17 Cash in hands of agents and in course of transmission 5488 65 Total assets of the company actual cash market value 967230 35 IIILIABILITIES 2 Gross losses in process of adjustment or in sus pense including all reported and supposed losses 6412 44 3 Losses resisted including interest costs and other expenses thereon 1200 00 6 Net amount of unpaid losses 7612 44 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 27514341 Unearned premiums fifty per cent 137571 71 11 Total unearned premiums as computed above carried out 137571 71 20 Total amount of all liabilities except capital stock scrip and net surplus 145184 14 22 Scrip outstanding 112920 95 23 Surplus beyond capital and all other liabilities 709125 26 24 Aggregate amount of all liabilities in cluding capital paid up and net sur plus 967230 35 IVINCOME DURING THE YEAR On Fire Risks 7 Entire premiums collected during the year 280303 07 8 Deduct return premiums 5159 66 9 Net cash actually received for premiums 275143 41 11 Received for interests and dividends on stocks and bonds col lateral loans and from all other sources 42595 00 12 Income received from all other sources omitting increase if any in value of securities viz Profit and loss Ill 50 115 Aggregate amount of income actually received during the year in cash 317849 91COMPTROLLERGENERALS REPORT 143 V EXPENDITURES TURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses 85766 79 5 Scrip or certificates of profit redeemed and interest paid to scripholders 162999 19 6 Paid for commissions or brokerage 41270 13 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 13735 00 8 Paid for State national and local taxes in this and other States 7553 86 9 All other payments and expenditures viz Expense ac count 2628 78 Aggregate amount of actual expenditures during theyear in cash 313953 75 Euiinesi in the State of Georgia during the year endingDember 31 1898 Fire marine and inland risks written 25620721 00 Premiums received gross 275143 41 Losses paid 85766 79 Losses incurred 82105 37 BUSINESS IN GEORIGA FOR TEAR 1899 ENDING APRIL 30 1899 Eiks 25462166 00 Premiums 271926 89 Losses 55267 20 Tax 2719 26 THE SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY OF SPRINGFIELD MASS ICAPITAL 1 Whole amount of capital stock 1500000 00 2 Amount paid up in cash 1500000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 131000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 752790 00 3 Interest due on all said bond and mortgage loans 2050 interest accrued thereon 1841645 total 20466 45 4 Value of lands mortgaged exclusive of buildings and perishable improvements 535675 00 5 Value of buildings mortgaged insured for 86760000 as collateral 918100 00 6 Total value of said mortgaged premi ses carried inside 1453775 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 331816500 10 Amount of stocks bonds and other securities except mortgages hypothecated to the company as collateral security for cash actually loaned by the company with the par and market value of the same and the amount loaned thereon 84275 00144 COMPTROLLERGENERALS REPORT 12 Cash in companys principal office 20179 99 13 Cash belonging to the company deposited in bank John Hancock National Springfield 2478721 Agavvam National Springfield 3442030 Third NationalSpring field 6005883 total 119266 34 15 Interest due and accrued on stocks not included in mar ket value uncollected 29673 72 16 Interest due and accrued on collateral loans and uncol lected 2137 20 17 Cash in hands of agents and in course of transmission 288571 83 All other assets both real and personal viz Rents due and accrued 98817 due from other companies for re insurance on losses already paid Home 1763 Nor wich Union 186 Munich 712520 8132 86 Total assets of the company actual cash market value 4774658 39 IIILIABILITIES 1 Losses due and unpaid 29774 11 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 156567 60 3 Losses resisted including interest costs and other expenses thereon 12187 31 4 Total gross amount of claims for losses 198529 02 5 Deduct reinsurance thereon 27911 11 6 Net amount of unpaid losses 170617 91 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 119554575 unearned premiums fifty per cent 597772 87 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 160393131 un earned premiums pro rata 851983 84 11 Total unearned premiums as computed above carried out 1449756 71 19 All other demands against the company absolute and con tingent due and to become due admitted and con tested 57714 37 Total I678d88 99 21 Joint stock capital actually paid up in cash 1500000 00 23 Surplus beyond capital and all other liabilities 1596569 40 24 Aggregate amount of all liabilities including capital paid up and net surplus 4774658 39 IVINCOME DURING THE YEAR On Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 317262 82COMPTROLLERGENERALS REPORT 145 Deduct amount of same not collected 1225 47 Net collected 316037 35 Gross premiums on risks written and re newed during the year 2178027 34 Total 2494064 69 Deduct premiums and bills in course of col lection at this date 288571 83 Entire premiums collected during the year 2205492 86 Deduct reinsurance and return premiums 420273 70 10 11 12 15 Net cash actually received for premiums carried out 1785219 Iff Received for interest on bonds and mortgages 37134 95 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 143354 75 Income received from all other sources omitting increase if any in value of securities viz Rents 479402 total 4794 02 Aggregate amount of income actually received during the year in cash 1970502 8S VEXPEDNITURES DURING THE YEAK On Fire Risks 1 Gross amount paid for losses including 13263355 losses occurring in previous years 1020488 04 2 Deduct all amounts actually received for salvages whether on losses of the last or prerious year and all amounts actually received for reinsurance in other companies 8581788 total deductions 85817 88 3 Net amount paid during the year for losses 934670 16 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 150000 00 6 Paid for commissions or brokerage 338928 68 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 107894 17 8 Paid for State national and local taxes in this and other States 78867 32 9 All other payments and expenditures viz Office and agency incidental legal traveling and all other ex penses total 217300 74 Aggregate amount of actual expenditures during the year in cash 1827661 07 Business in the State of Georgia during the year ending Dec 31 1898 Fire Risks Fire risks written 880663 X Premiums received gross 11966 24 Losses paid 15908 08 Losses incurred 16283 4814G COMPTROLLERGENERALS REPORT BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 1072611 00 Premiums 1150 3L Losses 15113 88 Tax 115 00 THE ST PAUL FIRE AND MARINE INSURANCE COMPANY OF ST PAUL MINN ICAPITAL 1 Whole amount of capital stock 100000000 2 Amount paid up in cash 500000 00 IIASSETS 1 Value of real estate owned by the company less if the amount of incumbrances thereon 599532 26 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 410353 20 3 Interest due on all said bond and mortgage loans 8 37085 interest accrued thereon 932848 total 4 Value of lands mortgaged exclusive of buildings and perishable improvements 288S65 00 5 Value of the building mortgaged insured for 40221080 as collateral 557450 00 Total value of said mortgaged premises car ried inside 846315 00 9 Total par and market value of all stocks and bonds owned absolutely by the company carried but at market value 999067 66 10 Amount of stocks bonds and all other securities except mortgages hypothecated to the company as collateral security for cash actually loaned by the company with the par and market value of the same and amount loaned thereon 142036 00 12 Cash in companys principal office 15034 74 13 Cash belonging to the company deposited in bank Metro politan National Bank St Paul 10113205 First Na tional Bank St Paul 812860 St Paul National Bank 1661686 Total 125877 51 17 Cash in hands of agents and in course of transmission 205249 64 18 Bills receivable not matured taken for fire marine and inland risks 26816 71 Total assets of the company cash market value 2523987 72 IIILIABILITIES 1 Losses not due and unpaid 71116 66 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 1385S2 67 3 Losses resisted including interest cost and other expenses thereon 6225 COCOMPTROLLERGENERALS REPORT 147 4 Total gross amount of claims for losses 215924 33 5 Deduct reinsurance thsreon 25290 75 6 Net amount of unpaid losses 190633 58 7 Gross premiums without any deduction re ceived and receivable upon all uaexpired fire risks running one year or less from dtte of policy 72130890 unearned premiums fifty per cent 360654 45 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 108538020 unearned premiums pro rata 582848 61 9 Gros premiums without any deduction in cluding both Crish and bills received and receivable upon all unexpired inland nav igation and marine risks 14580963 un earned premiums fifty per cent 72904 81 11 Total unearned premiums as computed above carried oui 1016407 87 19 All otner demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions due 13 agents on premiums paid 32057 49 20 Total amount of all liabilities except capital stock scrip and net surplus 1239098 94 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 784888 78 24 Aggregate amount of all liabilities including capital paid up and net surplus 2523987 72 IVINCOME DURING THE YEAR On On Marine and Fire Risks Iul ind Risks 1 Gross premiums and bills un paid at close of last year as shown by that years state ment 176220 49 27500 68 4 Gross premiums on risks writ ten and renewed during year as shown in exhibit item 2 page 1 1830922 44 399825 27 5 Totals 2007142 93 427325 95 6 Deduct premiums and bills in course of collection at this date 205249 lit 26816 71 7 Entire premiums col lee t ed during the year 1801893 29 400509 24 8 Deduct reinsurance and re turn premiums 314029 17 105744 37 9 Net cash actually received for premiums carried out 1487834 12 294764 871782628 99148 COMPTROLLERGENERALS REPORT 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents 15 Aggregate amount of income actually received during the year in cash EXPENDITURES DURING THE YEAR 23851 97 57500 71 13051 77 1877033 41 Or Fire Risks 1 Gross amount actually paid for losses including 15404930 losses occurring in previous years 896270 09 2 Deduct all amounts actually re ceived for salvagesvhether on losses of the last or pre vious years 982830 and all amounts actually re ceived for leinsurance in other companies 16780999 Total deductions 103314 55 On Mar tie and Inland Kiks 304460 26 74323 74 3 Net amount paid during the year for losses 792956 14 230136 521023092 66 4 Cash dividends actually paid stockholders amount of stockholdersdividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and all other charges of officers clerk agents and all other employees 5 Paid for state national and local taxs in this and other states All other payments and expenditures viz Postage 7 60660 internal revenue 470844 general operating expenses 11175697 Total 50000 00 332402 10 79314 20 46126 97 124132 01 Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the Year ending Decembe Fire Riks Fire marine and Inland risks taken 1974816 00 Premiums received 22068 88 Losses paid 19432 08 Losses incurred 21439 84 Marine and Inland Risss 4000 CO 17 55 1655067 94 31 1898 Aggregate 1978816 00 22083 93 19432 OS 21439 84 BU8INK88 IN GEORGIA FOR YEAR ENDING APKIX 30 1899 Risks Premiums Losses Tax 2017148 00 27164 24 22290 37 271 64COMPTROLLERGENERALS REPORT 149 U S BRANCH SUN FIRE INSURANCE OFFICE OF LONDON ENG LAND 1 12 13 15 17 IIASSETS Market value of real estate owned by the company less the amount of incumbrances thereon Loans on bond and mortgage duly recorded and being first liens on the fee simple Interest due on all said bond and mortgage loans interest accrued thereon 1850 83 total Value of lands mortgaged exclusive of buildings and perishable improvements 143000 00 Value of buildings mortgaged insured for 127000 as collateral 152000 00 Total value of said mortgaged premises carried inside 295000 00 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value Cash in companys principal office Cash belonging to the company deposited in Merchants National Bank 102 67428 Western National Bank 66 449 80 Mercantile Trust Co 182877 total Interest due and accrued on stocks not included in mar ket value uncollected Cash in hands of agents and in course of transmission All other assets both real and personal viz Rents due and accrued 142917 total Total assets of the company actual cash market value 250000 00 188r00 0U 1850 83 1814265 00 472 51 170052 85 23137 12 274864 19 1429 17 2724971 67 IIILIABILITIES 18996 43 186021 55 10400 00 215417 98 8667 93 Losses due and unpaid Gross losses in process of adjustment or in suspense including all reported and sup posed losses Losses resisted including interest costs and other expenses thereon Total gross amount of claims for losses Deduct reinsurance thereon Net amount of unpaid losses 206750 00 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 961523 12 Unearned premiums fifty per cent480 761 56 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 164811927 Un earned premiums 893544 5150 COMPTROLLERGENERALS REPORT 1374306 08 1316 67 66962 23 11 Total unearned premiums as computed above carried out 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz State city county or other taxes and as sessments 299233 commissions brokerage and other charges due and to become due to agents and brokers on premiums paid and in course of collection 55 21284 reinsurance 875706 total 20 Total amount of all liabilities except capital stock scrip and net surplus 1649334 98 23 Surplus beyond capital and all other liabilities 1075636 69 24 Aggregate amount of all liabilities including capital paid up and net surplus 2 724 971 67 IVINCOME DURING THE YEAR n Oa Fire Risks 1 Oross premiums and bills in course of col lection at close of last previous year as shown by that years statement 328520 44 3 Net collected 32g 520 44 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 1954133 00 Total 2282053 44 Deduct premiums and bills in course of collection at this date Entire premiums collected during the year Deduct reinsurance and return premiums Net cash actually received for premiums carried out 1579258 15 Received for interest on bonds and mortgages 9080 00 Received for interests and dividends on stocks and bonds collateral loans and from all other sources Income received from all other sources omitting increase if any in value of securities viz Rents 1004240 5 6 7 8 9 10 11 12 279651 64 2003001 80 423743 65 79882 88 total 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE TEAR On Fire Risks 10 1678 042 40 263 43 1 Gross amount actually paid for losses in cluding 14844025 losses occurring in previous years 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1186269 and all amounts actually received for reinsur ances in other companies 2129552 to tal deductions 3 Net amount paid during the year for losses 937S00 65 33158 21 904642 44COMPTROLLERGENERALS REPORT 151 of officers 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges clerks agents and all other employes 8 Paid for state national and local taxes in this and other states 9 All other payments and expenditures viz General and agency expenses postage and exchange stationery and printing advertising maps and internal revenue 10 American branches of foreign companies will please report amount sent to home offices during the year 160844 28 Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year ending Dec Fire marine and inland risks written Premiums received gross Losses paid Losses incurred 342594 10 96544 10 41127 24 121103 06 1506010 94 31 1898 1419396 0f 18997 81 11035 66 17549 93 BUSINESS IN GEORGIA FOE YEAR ENDING APRIL 301899 Risks Premiums Losses Tax 1411192 03 16780 75 5567 17 167 81 THE SUN INSURANCE COMPANY OF NEW ORLEANS LA ICAPITAL 1Whole amount of joint stock or guaranteed capital author ed 500000 00 2 Whole amount of capital actually paid up in cash 500000 00 IIASSETS 1 Value of real estate owned by the company 42500 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 976028 00 12 Cash in the companys principal office 188 97 13 Cash belonging to the company deposited National City Bank of New York City 4161 95 Royal Trust Co of Chicago 111 8530 94 Canal Bank of New Orleans La 17316 96 New Orleans National Bank of New Or leans La 1H2 70 Whitney National Bank of New Orleans La 600 00 Hibernia National Bank of New Orleans 400 00 Citizens Bank of Louisiana New Orleans 400 00 Louisiana National Bank of New Orleans 200 00 Provident Savings Bank New Orleans 3176 67 Total 46699 22152 COMPTROLLERGENERALS REPORT 16 Gross premiums in course of collection on policies writ ten within three months Gross amount of all the assets of the company 20 Amount of premiums unpaid on policies which have been issued more than three months 4685 94 Aggregate amount of all the assets of the company stated at their actual value 65944 05 1133180 24 1133180 24 IIILIABILITIES 1 Gross claims for adjusted and unpaid losses due and to become due 20913 00 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 28743 50 3 Losses resisted including interest costs and other expenses thereon 6497 00 4 Total gross amount of claims for losses 56153 53 5 Deduct reinsurance thereon 16589 50 6 Net amount of unpaid losses 39 504 00 7 Gross premiums received and receivable upon all unexpired fire risks running one year or less from date of policy in cluding interest premiums on perpetual Are risks 28550180 unearned premi urns fifty per cent 142750 90 8 Gross premiums received and receivable upon all unexpired fire risks running more than one year from date of policy 11938443 unearned premiums 68241 39 Total unearned premiums as computed above carried out Cash dividends to stockholders remaining unpaid All other demands against the company absolute and contingent due and to become due admitted and con tested viz commissions brokerage and othercharges due and to become due to agents and brokers on pre miums paid in course of collection 517990 return premiums 332212 reinsurance 230843 total 10810 45 Total amount of all liabilities except capital stock and net surplus 274409 24 Jointstock capital actually paid up in cash 500000 00 Surplus beyond capital and all other liabilities 358771 00 25 Aggregate amount o all liabilities including paidup capital stock and net surplus 133 180 24 IVRECEIPTS DURIKG THE YEAR Fire Marine ct Inland 1 Gross premiums and bills un paid at close of last year as shown by income 6 of that years statement 64038 33 4561 82 3 Net collected 64036 33 456182 11 17 20 210992 29 13042 50 21 22 23COMPTROLLERGENERALS REPORT 153 4 10 11 12 542209 20 64397 05 168579 13 309233 02 26281 22 30843 04 1547 00 29296 04 9506 59 19789 45 Gross premiums on risks writ ten and renewed during the year 478172 87 Total Deduct gross premiums and bills in course of collection at this date Entire premiums collected during the year 477812 15 Deduct reinsurance rebate abatement and return pre miums Net cash actually received for premiums carried out Received for interest on mortgages Received for interest and dividends on stocks and bonds collateral loans and from all other sources Income received from all other sources viz Rents 365214 profit and loss account 122490 total Aggregate amount of receipts actually received during the year in cash yDISBURSEMENTS DURING THE YEAR Fire Marine Inland Gross amount actually paid for losses includnig 19 21145 losses occurring in previous years 251873 11 Deduct all amounts actually received for salvages whether on losses of the last or of previous years fire 31335 river 253 71 and all amounts actually received for reinsurance in other companies river 1331734fire 5346980 Total deductions Net amount paid during the year for losses 198089 96 3059 66 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 5000000 Paid for commission or brokerage Paid for salaries fees and all other charges of officers clerks agents and all other employes Paid for state and local taxes in this and other states All other payments and expenditures viz Taxes on realty 3l16S75 taxes on assets 41489o war tax 1 33629 traveling expenses 485335 board expenses and salvage corps 1566229 legal expenses 100000 marine expenses 48000 advertising printing and sta tionery 693167 rent account 197267 various18 115 34 profit and loss account o02323 total Aggregate amount of actual disbursements during the year in cash 329022 47 181 35 36777 84 4877 04 370858 70 16630 71 53783 15 13571 05 201149 62 49457 50 46726 97 29571 22 12568 80 50692 54 390165 65154 COMPTROLLERGENERALS REPORT Business in the State of Georgia for the year ending Dec 31 1S98 Fire marine and inland risks written j 467 060 00 Gross premiums received n jSSeSpaid 240086 Losses incurred Risks Premiums Losses Tax BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 1604461 00 27019 64 19059 09 270 19 TRADERS FIRE INSURANCE COMPANY OF CHICAGO ILLINOIS ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans 58500 Interest accrued thereon 360204 total 4 Value of lands mortgaged exclusive of buildings and perishable improvements 339242 03 5 Value of buildings mortgaged insured for 20668300 as collateral 299 883 00 6 Total value of said mortgaged premises carried inside 639125 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 12 Cash in companys principal office 3782 58 13 Cash belonging to the company deposited in Corn Exchange National Bank 80170 43 Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected 16 Interest due and accrued on collateral loans and uncol lected 17 Cash in hands of agents and in course of transmission 18 All other assets Total assets of the company actual cash market val iii LIABILITIES 1 Losses due and unpaid 2 Cross losses in process of adjustment or in suspense including all reported and sup posed losses 16967 07 85490 57 500000 00 500000 00 31985 70 209250 00 4187 04 1675480 00 83953 01 6171 66 397 50 81922 94 15095 38 2133943 23COMPTROLLERGENERALS REPORT 155 3 Losses resisted including interest costs and other expenses thereon 17675 95 4 Total gross amount of claims for losses 120133 59 5 Deduct reinsurance thereon 18614 32 6 Net amount of unpaid losses 101489 27 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 501899 72 Unearned premiums fifty per cent 250949 86 8 Gross premiums withoit any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 46838778 un earned premiums 251776 88 11 Total unearned premiums as computed above carried out 502726 74 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz commissions etc 941206 all other items 1979573 total 29207 79 Total 63342380 21 Joint capital stock actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 1000519 43 24 Aggregate amount of all liabilities including capital paid up and net surplus 2133943 23 IVINCOME DURING THE YEAR Oil Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 68501 86 2 Deduct amount of same not collected 5 50 3 Net collected 68496 36 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 894447 68 5 Total 96294404 6 Deduct premiums and bills in course of col lection at this date 83888 36 7 Entire premiums collected during the year 879055 68 8 Deduct reinsurance and return premiums 210748 82 9 Net cash actually received for premiums carried out 668306 86 10 Received for interest on bonds and mortgageslo247 26 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 72841 64 12 Income received from all other sources omitting increase if any in value of securities viz rents 70137 total 701 37 15 Aggregate amount of income actually received during the year in cash 757097 13156 COMPTROLLERGENERALS REPORT YEAR On Fire Kisks 447982 25 VEXPENDITURES DURING THE 1 Gross amount actually paid for losses in cluding 5372591 losses occurring in pre vious years 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 851297 and all amounts actually received for reinsur ances in other companies 14677845 to tal deductions 55 99 2 3 Net amount paid during the year for losses 392 690 83 4 Cash dividends actually paid stockholders amount of stockholders dividends de clared during the year 50000 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 8 Paid for state national and local taxes in this and other states 9 All other payments and expenditures viz Rent post age printing supplies and miscellaneous expenses Aggregate amount of actual expenditures during the year in cash 50000 00 132590 32 64133 98 24891 55 61967 46 726274 14 UNION ASSURANCE SOCIETY OF LONDON ENGLAND ICAPITAL 1 Whole amount of capital stock o on nno no 2 Amount paid up in cash 900000 0J IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 200 000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carriedoutat market value 10S6448 50 12 Cash in companys principal office 201 50 13 Cash belonging to the company deposited in Union Trust Co 1677207 Crocker Wadsworth National Bank 814797 to 1K 2492004 2492004 K interest due and accrued on stocks not included in mar ket value uncollected 17 Cash in hands of agents and in course of transmission 40 176 51 18 All other assets both real and personal viz Agents deb it balance 8477178 balance of investment account 35656 total lotal assets of the company actual cash market value 1445241 73COMPTROLLERGENERALS REPORT 157 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 51 77 86 3 Losses resisted including interest costs and other expenses thereon 5000 0 4 Total gross amount of claims for losses 56757 86 6 Net amount of unpaid losses 56757 86 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 751220 63 Unearned premiums fifty per cent 375610 31 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 326843 02 Unearned premiums 207187 77 11 Total unearned premiums as computed above carried out 582798 08 19 All other demands against the company absolute and con tingent due and to become due admitted and contest ed viz Commissions brokerage and other charges due and to become due to agents and brokers on pre miums paid and in course of collection 602648 other expenses 596099 total 11987 47 2D Total amount of all liabilities except capital stock scrip and net surplus 651543 41 23 Surplus beyond capital and all other liabilities 793698 32 24 Aggregate amount of all liabilities including capital paid up and net surplus 1445241 73 iyINCOME DURING THE YEAR On Fire Risks 3 Net collected 38047 26 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 1283927 88 5 Total 1321975 14 6 Deduct premiums and bills in course of col lection at this date 40176 5i 7 Entire premiums collected during the year 1281798 63 8 Deduct reinsurance and return premiums 457823 26 9 Net cash actually received for premiums carriedout 823975 37 823975 37 11 Received for interests and dividends on stocks and bonds collateral loans and 97 op 7 77 from all other sources 001 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 6000 total 6000 00 15 Aggregate amount of income actually received during the id gg s 857843 14 year in cash u 158 COMPTROLLERGENERALS REPORT VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses 674984 05 2 Deduct all amounts actually received for salvages 5539 34 3 Net amount paid during the year for losses 619344 71 619344 71 6 Paid for commissions or brokerage 200 738 06 7 Paid for salaries fees and other charges of offlcersclerks agents and all other employes 21549 57 8 Paid for state national and local taxes in this and other states 36330 26 9 Allother payments and expenditures viz Advertising printing salaries total 44050 46 Aggregate amount of actual expenditures during the year in cash 922013 06 Business in the State of Georgia during the year ending Dec 31 1S9S Fire marine and inland risks written 1 407 150 00 Premiums received gross 22 274 73 Losses paid 481 5 Losses incurred 9 4Q4 j BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 2019344 27 Premiums 2i20 46 Losses 5489 73 Tax 265 20 WESTERN ASSURANCE COMPANY OF TORONTO CANADA IIASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 20 000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1263140 15 12 Cash in companys principal office 63 33 13 Cash belonging to the company deposited in Canadian Bank of Commerce 151 02493 Corn Exchange Bank Chicago 27473 total 151299 66 151299 66 17 Cash in hands of agents and in course of transmission 202958 03 18 Bills receivable not matured taken for fire marine and inland risks 47 309 72 Total assets of the company actual cash market value 16S1S70 89 IIILIABILITIES 1 Losses due and unpaid 82697 64 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 68325 25 3 Losses resisted includinginterest costs and other expenses thereon14049 16COMPTROLLERGENERALS REPORT 159 4 Total gross amount of claims for losses 105072 05 6 Net amount of unpaid lossesN 105 072 05 7 Gross premiums without and deduction re ceived and receivable upon all unexpired Are risks running one year or less from date of policy 953030 00 Unearned premiums fifty per cent 470815 00 8 Gross premiums without any deduction re ceived and receivable upon all unexpired Are risks running more than one year from date of policy 63808283 unearn ed premiums 342145 11 9 Gross premiums without any deduction in cluding both cash and bills received and receivable upon all unexpired inland nav igation and marine risks 6499097 50 3249548 cargo 100 318245 11 Total unearned premiums as computed above carried out 854638 04 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz 30954 23 20 Total amount of all liabilities except capital stock scrip and net surplus 1050664 32 23 Surplus beyond liabilities 634206 57 24 Aggregate amount of all liabilities including capital paid up and net surplus 1684870 89 IVIXCOMK DlRING THE YEAR Fire Marine Inland 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years state ment 228260 42 59971 07 3 Net collected 228260 42 59971 07 4 Gross premiums on risks writ ten and renewed during the year as shown in risk and premium exhibit 1723599 25 306571 23 5 Total 1951859 67 366542 30 6 Deduct premiums and bills in course of collection at this date 185653 12 64014 63 7 Entire premiums collected during the year 1766206 55 301927 67 8 Deduct reinsurance rebate abatement and return pre miums 385570 04 21357 61 9 Net cash actually received for premiums carried out 1380636 51 280570 06 10 Received for interest on bonds and mortgages 1601206 57 2116 23360 COMPTROLLERGENERALS REPORT 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 16 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR 46506 88 1709829 68 Fire Marine Inland 925021 81 291353 95 36874 26 5147 55 44755 34 246598 61 1 Gross amount actually paid for losses including 186 17042 losses occurring in previous years 2 Deduct all amounts actually received for salvage whether on losses of the last or previous years 3 Net amount paid during the year for losses 6 Paid for commission or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 8 Paid for state national and local taxes in this and other states 9 All other payments and expenditures Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year ending Dec Fire Marine Inland Fire marine and inland risks written 1056851 00 Premiums received gross 18647 25 Losses paid 16147 01 Losses incurred 13937 98 41550 00 277 26 1134746 16 308257 56 51858 00 48461 24 146582 86 1689905 82 It 1898 Aggregate 1098401 00 18924 51 16147 01 13937 98 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1893 Risks Premiums Losses Tax 1614014 00 2044S 19 762 I 78 2li4 49 WESTOHESTER FIRE INSURANCE COMPANY OF NEW YORK NEW YORK ICAPITAL 1 Whole amount of capital stock 300000 00 2 Amount paid up in cash 300000 00 II ASSETS 1 Market value of real estate owned absolutely by the com pany less the amount of incumbrances thereon 223000 10 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 512450 00COMPTROLLERGENERALS REPORT 161 8963 95 3 Interest due on all said bond and mortgage loans 633607 interest accrued thereon 262788 total 4 Value of lands mortgaged exclusive of buildings and perishable improvements 475250 00 5 Value of buildings mortgaged insured for 52475000 as collateral 587950 00 6 Total value of said mortgaged premises car ried inside 1063200 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1591100 00 11 13 17 Amount loaned thereon Cash belonging to the company deposited in Union Trust Co New York 51726 98 Chatham National Bank New York 71158 62 Total Cash in hands of agents and in course of transmission Total assets of the company actual cash market value 2500 00 122855 60 198315 79 2659215 34 III LIABILITIES 1 Losses not due and unpaid 29168 88 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 120324 97 3 Losses resisted including interest costs and other expenses thereon 7983 00 4 Total gross amount of claims for losses 157476 85 5 Deduct reinsurance thereon 25336 66 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 812153 80 Unearned premiums fifty per cent 406076 90 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 1269448 12 Unearned premiums 662238 70 11 Total unearned premiums as computed above carried out 19 All other demands against the company absolute and contingent due and to become due admitted and contested viz Taxes to become due Total 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus 132140 19 1068315 60 24239 16 1224694 95 300000 00 1134520 39 2659215 34162 COMPTROLLERGENERALS REPORT INCOME DURING THE YEAR Oa Fire Risks 252008 20 6725 80 245882 40 147328 17 10 11 12 15 1204437 98 2738s 11 66663 83 965 30 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement Deduct amount of same not collected Net collected Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit Total 1719172 Deduct premiums and bills in course of col lection at this date 26624 14 Entire premiums collected during the year all cash 1452929 03 Deduct reinsurance and return premiums 248491 05 Net cash actually received for premiums carried out Received for interest on bonds and mortgages Received for interests and dividends on stocks and bonds collateral loans and from all other sources Income received from all other sources omitting increase if any in value of securities viz Rents 90531 to tal Aggregate amount of income actually received during the year in cash 1299455 22 V EXPENDITURES DURING THE YEA On Fire Risks 1 Gross amount actually paid for losses in cluding 10362590 losses occurring in previous years 729228 10 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1052090 and all amounts actually received for reinsur ances in other companies 4257128 to tal deductions 59092 18 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 8 Paid lor state national and local taxes in this and other states 9 All other payments and expenditures viz lostage tel egraph express advertising printing stationery lire patrols maps repairs and incidentals total Aggregate amount of actual expenditures during the year in cash 670135 92 30000 00 277668 57 109137 6B 33831 73 110307 82 1237OS 1 09 COMPTROLLERGENERALS REPORT 163 Business in the State of Georgia during the year ending Dee 31 1898 Fire marine and inland risks written 1842771 00 Premiums seceived gross 26361 56 Losses paid 32009 86 Losses incurred 34659 86 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 2178930 00 Premiums 22263 13 Losses 3288609 Tax 222 63 WILLIAMSBURGH CITY FIRE INSURANCE COMPANY OF BROOK LYN NEW YORK ICAPITAL STOCK 1 Amount of capital stock authorized 250000 00 Subscribed for 250000 00 2 Amount of capital paid up in cash 250000 00 Amount of net ledger assets December 31 of previous year 1613560 39 Extended at 1613560 39 IIINCOME DURING YEAR On Fire Risks 1 Gross premiums and bills unpaid at close of previous year as shown by that years statement 94029 81 2 Deduct amount of same not collected 7522 38 3 Net collected 86507 43 4 Gross premiums written and renewed dur ing the year 730470 17 5 Total 816977 60 6 Deduct gross premiums and bills in course of collection at this date 95230 54 7 Entire premiums collected during the year 721747 06 8 Deduct reinsurance rebate abatement and return premiums 105316 82 9 Received for premiums other than perpet uals 616430 24 616430 24 11 Rents from companys property including 15500 for companys use of own build ings 44600 23 12 Interest on real estate mortgage loans 11 13056 total 11130 56 13 Interests and dividends on stocks and bonds 39637 12 Total rents and interest 95367 91 14 Profit on sale or maturity of ledger assets during the year over book values 88691 99 Total income during the year 800490 14 Total footings 2414050 164 COMPTROLLERGENERALS REPORT DISBURSEMENTS DURING THE YEAR Ou Fire Risks 306701 03 24867 55 281833 48 1 Gross amount paid for losses including 5451951 occurring in previous years 2 Deduct amounts received for salvages on losses of the last or of previous years 399174 and from reinsurance in other companies 2087581 3 Net amount paid during the year for losses 281833 48 281833 48 5 Paid stockholders for interest or dividends amount declared during the year 50 00000 49055 00 7 Commissions or brokerage to agents less received on re insurances 159202 02 9 Rents including 1550000 for companys use of own buildings 17200 00 10 Salaries fees and all other charges Officers 2225000 clerks 4659609 68846 09 11 Taxes on premiums 676551 on real estate 646936 13234 87 12 Insurance department fees and agents licenses 270118 municipal licenses 116314 tax on franchise 14500 13 Advertising printing and stationery 620039 legal ex penses 19600 repairs and expenses on real estate 1182121 miscellaneous 3622047 58447 39 Total expenditures during the year 647818 85 Balance 1766231 68 IVLEDGER ASSETS 1 Book value real estate 2 Mortgage loans on real estate 4 Book Jvalue of bonds excluding interest 17647637 and stocks 69024255 5 Cash in companys office 316061 depos ited in bank 1937832 First National Bank of Brooklyn Chatham National Bank of New York Mechanics National Bank of Brooklyn Total 8 Interest due 39093 and accrued 94775 on mortgages 9 Interest accrued on stocks and bonds 12 Rents accrued Total carried out 14 Market value not including interest in item and stocks over book value 15 Gross premiums in course of collection December 31 not more than three mos due 16 Deduct cost of collection commission and brokerage 17 Net amount of uncollected premiums not more than three months due Gross assets 632574 13 244400 00 866718 62 22538 93 15376 05 2803 74 1198 53 1338 68 4579 38 5745 31 9 of bonds 1766231 68 11663 37 93884 88 94883 25 21181 77 73701 48 1945481 41COMPTROLLERGENERALS REPORT 165 VNONLEDGER LIABILITIES 1 Losses due and unpaid not yet due 15 15749 15157 49 2 Losses in process of adjustment or in sus pense including all reported and suppos ed losses 23398 75 3 Losses resisted not outlawed including interest costs and other expenses there on 5313 04 4 Total amount of claims for losses 43869 28 5 Deduct reinsurance due or accrued 3402 36 6 Net amount of unpaid losses 40466 92 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks running one year or less from date of policy including interest premiums on perpetual Are risks 35425182 unearn ed premiums fifty per cent 8 Gross premiums less reinsurance receiv ed and receivable upon all unexpired Are risks running more than one year from date of policy 71579330 unearned pre miums 11 Total unearned premiums as computed above 55910 75 17 Cash dividends remaining unpaid to stockholders 960 00 18 Salaries rent expenses taxes bills accounts fees etc due or accrued 6256 84 20 Reinsurance premiums 1888 78 177125 91 381984 84 22 Total amount of all liabilities 6C8683 29 23 Jointstock capital actually paid up in cash 250000 00 25 Divisible surplus 1086798 12 Total 1945481 41 Business in the State of Georgia during the year ending Bee 311898 Gross risks written 1227605 00 Gross premiums received 14185 03 Losses paid 7586 92 Losses incurred 10196 31 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 1201760 00 Premiums 16212 18 Losses 9009 29 Tax 162 12166 COMPTROLLERGENERALS REPORT AMERICAN UNION LIFE INSURANCE COMPANY OF NEW YORK NEW YORK CAPITAL STOCK Amount of capital stock paid up in cash Amount of net or ledger assets De cember 31 of previous year Extended at 451482 78 IIINCOME DURING YEAR 1898 1 Cash received for premiums on new policies without deductions for commissions or other expenses 143259 37 lCash received for renewal premiums without deduc tions for commissions or other expenses 136980 25 4 From surrender values ap plied to pay running premi ums 455 84 4JFrom surrender values appli ed to purchase paidup in surance and annuities 2326 83 Total 28302S 20 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company 7 Total premium income 8 Cash received for interest loans Cash received for interest on bonds owned and dividends on stock Cash received for interest on premium notes loans or liens Cash received for interest on other debts due the company Cash received for profits on sales of bonds or stocks all other From all other sources viz Interest on de ferred premiums Payment of agents balance charged off as worthless Total income 477 83 on mortgage 9 10 11 14 lit Total 282550 46 420 00 12435 00 39 58 1660 59 8107 92 4821 73 13 59 IIIDISBURSEMENTS DURING Till VKAli 1 Cash paid for death claims including revisionary addi tions 51650 00 500000 00 451482 78 310108 87 761591 05COMPTROLLERGENERALS REPORT 167 13 14 15 17 18 19 20 21 23 24 21 27 28 29 Cash paid for sums falling due during the year on in stallment policies 4075 00 Total net amount actually paid for losses and matured endowments Surrender values paid in cash Surrender value applied to pay running premiums Surrender values applied to purchase paid up insurance and annuities Cash paid for commissions and bonuses to agents less commission on reinsur ance new policies 9401313 renewals 1240594 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 8 17690 inspection of risks 226546 Cash paid for salaries and all other com pensation of officers and other home of fice employes Cash paid for taxes on new premiums 1 51856 on renewals 145573 Cash paid for insurance department fees and agents license 1262 municipal licenses 22216 Cash paid for rent Cash paid for furniture fixtures and safes for home and agency offices Cash paid for advertising 2893 91 print ing 5 22107 postage 187067 Cash paid for legal expenses Cash paid for the following items viz Tax on franchise Miscellaneous expense 806955 Travel ing expenses 570368 internal revenue tax 235437 Agents accounts charged off as worth less Total miscellaneous expenses Total disbursements 55725 00 233 60 45 84 2326 83 106419 07 33J351 88 10442 36 49320 28 2974 29 1484 16 5000 00 384 29 9985 65 1531 88 140 00 16127 60 17 63 237179 09 Balance IvASSETS AS PER LEDGER ACCOUNTS Loans secured by pledge of bonds stocks or other marketable collaterals Premium notes loans or liens on poli cies in force of which 134287 was re ceived during the year c Cost value of bonds and stocks owned excluding accrued interest at time of purchase 341807 96 640 00 2784 49 295920 36 465671 2916S COMPTROLLERGENERALS REPORT 10 11 13 15 21 23 Cash in companys office Cash deposited in banks Bills receivable Agents ledger balances Total net or ledger assets as per balance above Deduct agents credit balances Total net or ledger assets less depreciation Interest accrued on bonds and stocks Market value of bonds and stocks over cost New Business 10786 85 26220 75 2252 37 82981 02 467473 44 1802 15 465671 29 3848 32 Renewals 4654 04 24 25 26 27 28 Gross premiums due and un reported on policies in force December 31 1898 Gross deferred premiums on policies in force December 31 1898 Totals Deducting loading 20 per cent on new and 20 per cent on renewals Net amount of uncollected and deferred premiums Furniture fixtures and safes stationery etc Total assets as per the books of the company 567554 23 33755 99 13654 20 47410 19 9482 04 37928 15 17535 42 30530 11 48065 53 9613 10 38452 43 76380 58 17000 00 9 ITEMS NOT ADMITTED Agents balances 44 ggy pg Supplies printed matter and stationery furniture fixtures and safes 17000 00 Total Total assets less items not admitted 61687 96 505866 27 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1898 computed according to The Actuaries Table of Mortality with four per cent interest Deduct net value of risks of this com pany reinsured in other solvent compa nies Net reinsurance reserve 5 Claims for death losses and matured endow ments in process of adjustment or adjust ed and not due 8 Present values of unpaid amounts on ma tured installment policies face 88 32000 Total policy claims 13 Amount due on account of salaries rents and office expenses 210473 00 313 00 210160 00 29500 00 62166 25 91066 25 2206 78COMPTROLLERGENERALS REPORT 169 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 201833 24 Total liabilities 505866 27 Business in Georgia During the Year ending Dec 31 1898 No Amount Number and amount of policies on the lives of citi zens of said state in force December 31 of pre 59 167160 00 vious year Number and amount of policies on the lives of citi zens of said state issued during the year18 54260 00 Total 77 22142000 Deduct number and amount which have ceased to be in force during the year22 70750 00 Total number and amount of policies in force 55 150670 00 BUSINESS IN GEORGIA TOR YEAR ENDING APRIL 30 1899 209515 00 1SkS 3311 65 remlUmS 3312 Tax iETNA LIFE INSURANCE COMPANY OF HARTFORD CONN CAPITAL STOCK 1 Amount of capital stock au thorized 200000000 Sub scribed for 1750000 00 2 Amount of capital paid up in cash 1750000 00 Amount of net ledger assets Dec 31 of previous yearS 45348489 61 Extended at45348489 61 INCOME DURING YEAR AS SHOWN BY THE E OKS AT HOME OFFICE AT CLOSE OF BUSINESS DECEMBER 81 1 First years premiums ex cept items 3 and 5 less in terest included in deferred premiums and 36860 for first years re insurance 817834 10 2 Renewal premiums except items 3 and 5 less interest included in deferred pre miums and 201655 for renewal reinsurancc 4030966 11170 COMPTROLLERGENERALS REPORT Dividends applied by policy holders to pay running pre miums first years premi ums renewals see item 9 dis bursements 681206 03 Surrender values applied to pay running premiums first years premiums 18 75324 renewals 1376004 see item 12disbursements 22513 28 Surrender values applied to purchase paidup insurance and annuities see item 13 disbursements 211892 03 10 11 12 13 14 15 35095 Total premium income 5 764411 55 Rents from companys prop erty including 1300000 for companys use of own buildings Interest on loans on mort gages of real estate 1515681 06 Interest on collateral loans including premium notes loans and liens Interest on bonds and divi dends on stock Interest on other debts due the company and on depos its in banks Discounts on claims paid in advance 269205 Interest on deferred premiums 147247 54 050011 25 35115 16 2092 05 Total rents and interest 2385842 31 Profit on sales of real estate 3141587 on sale or maturity of securities 924600 40001 87 Total income life department 8190915 73 Total income accident department 672979 30 Total income during the year 8J863 895 09 Sum of both amounts 54 212 384 70 DISRlRSEMENTS DURING YEAR AS SHOWN I1Y THE HOOKS AT HOME OFFICE AT CLOSE OK BUSINESS DEC 31 Fordeath clms 212068813 additions 409253 2130780 66 Matured endowment 1083 01845 additions 1083018 45 Installment death clms 4 06100 additions 4061 00 Total 3217860 11COMPTROLLERGENERALS REPORT 171 Deduct amount received from other companies for claims on policies of this company reinsured 2750 00 5 Total net amount actually paid for losses and matured endowments 3 8 Dividends paid policy holders less 45954 received for dividends on reinsurance 9 Dividends applied by polxy holders to pay running premiums see item 3 income 11 Surrender values paid less received on surrendered reinsurance 12 Surrender values applied to pay running premiums see item 5 income 13 Surrender values applied to purchase paid up insurance and annuities see item i income Total paid policy holders 451747162 14 Paid stockholders for interest or dividends amount deducted during the year 175 00000 15 Commissions and bonuses to agents less commissions received on reinsurance new policies 3029903 renewal policies 2S941788 on annuities 17 Salaries and allowances for agencies includ ing managers agents and clerks Salaries and all other compensation officers 44S7400 home office employes 82791 80 Medical examiners fees 43 30917 inspec tion of risks i07124 Taxes on new premiums 653387 renewal premiums 370l081 on franchise 92 72002 on reserves 598391 municipal licenses 5057 60 Taxes on real estate 1055371 on other investments 22 Insurance department fees and agents li censes915037 U S revenue Tax 9 44432 23 Repairs and expenses other than taxes on real estate 24 Rents including 1300003 for companys use of own buildings less re ceived under sublease 25 Advertising 1022641 printing and sta tionery 2155439 postage 2721744 26 Legal expenses 3132419 for furniture etc 271427 18 lit 20 21 215110 11 251399 74 681203 03 135350 43 22513 28 211892 03 175000 00 669716 91 15869 08 127665 80 49380 41 147342 26 10553 71 IS94 69 18746 96 28198 84 58998 21 34038 76172 COMPTROLLERGENERALS REPORT 28 All other items viz profit and loss account must be itemized Supplies 1668164 express 338859 telegraph 164992 travel 275571 exchange 225196 in cidentals 144152 28169 34 Total miscellaneous expenses 2816934 Total disbursements life department 5899746 62 Total disbursement accident depart ment 542174 10 Total dirbursements 6441 990 72 Balance 47770463 98 LEDGER ASSETS AS PER LEDGER ACCOUNTS SHOWN BY THE BOOKS AT HOME OFFICE AT CLOSE OF BUSINESS DECEMBER 31 1 Book value real estate unincumbered 471 63L0 47163 00 2 Mortgage loans on real estate first liens 2233349231 other than first 22333492 31 3 Loans secured by pledge of bonds stocks or other collateral 537 301 14 4 Loans made to policy holders on this com panys policies assigned as collateral 1466855 CO 5 Premium notes or liens on policies in force of which 792744 is for first years pre miums 543281 88 6 Book value bonds excluding interest 12 27744538 stocks 309158549 15369030 87 7 Cash in companys office 20034388 depos ited in bank 681519497 701553S 85 BANK DEPOSITS DECEMBER 3 1898 Etna National Bank 430930985 First Na tional of New York 45593443 Kockville National Bank 324603 Farmers and Mechanics National Bank 8168775 American National Bank38S66258 Na tional Exchange Bank 314460 Char ter Oak National Bank 23542 Connec ticut Trust and Safe Deposit Company 9761136 City National Bank 1124572 Connecticut River Banking Co 56738 04 First National Bank of Hartford 6341919 Security Company 86115717 Hartford National Bank 873149 Hart ford Trust Company 18244545 United States Bank 103501818 Ontario Bank at Toronto Ontario 196939 Bank of Toronto at Montreal Quebec 367793 State Bank Hartford 5000000 Allema nia St Paul36039 Total681519497 8 Bills receivable 1695740 agents debit balance 2965062 46608 02 Total 47783679 07COMPTROLLERGENERALS REPORT 173 DEDUCT LEDGER LIABILITIES 9 Agents credit balances 341185 borrowed money all other 980324 13215 09 Total net ledger assets as per balance above XONLEDGER ASSETS 10 Interest due 6588176 and accrued 427 278 70 on mortgages 493160 46 11 Interest due 3131972 and accrued 109 89659 on bonds and stocks 12 Interest due and accrued 506785 on collateral loans 13 Interest due 23279252 and accrued on premium notes loans or liens less 4002330 collected in 1898 in advance 14 Interest due 900225 and accrued on other assets 15 Rents due 1250C and accrued 269324 on companys property or lease 47770463 98 141216 31 5067 85 19279 22 9002 25 2818 24 844034 33 17 Market value not including interest in item 11 of bonds and stocks over book value 1236820 43 New Bii5iness Renewals 18 Gross premiums not more than three mths due after period of grace unreported on policies outstanding De cember 31 19 Gross deferred premiums on policies outstanding De cember 31 20 Totals 21 Deduct cost of collection 50 per cent on new and 8 per cent on renewals 51310 65 150025 68 38002 65 237315 78 89313 30 387341 46 44656 65 30987 32 401010 79 22 Net amount of uncollected and deferred premiums 44656 65 356354 14 Grossassets 50252329 53 DEDUCT ASSETS NOT ADMITTED 3 Commuted commissions agents debit balances unsecured 1969049 4 Loans on personal security endorsed or not bills receivable unsecured 20000 5 Premium notes loans or liens and premi ums in item 22 in excess of reserve on policies 6 Commissions payable to agents on premium notes when paid 19 P90 49 200 00 3097 06 2321 17 Total Total admitted assets 25308 72 50227020 81174 COMPTROLLERGENERALS REPORT NONLEDGER LIABILITIES AS SHOWS BY THE HOOKS AT HOME OFFICE AT CLOSE OF BUSINESS DECEMBER 81 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1S9S as computed by the com pany according to the Actauries Table of Mortality with four per cent interest 41733643 00 Total 41733543 00 Deduct net value of risks of this com pany reinsured in other solvent companies 42464 00 Net reserves 41691179 00 2 Present value four per cent of amounts not yet due on matured installment policies face 3615000 27612 00 3 Matured endowments due and unpaid 56017 00 5 Death losses in process of adjustment or ad justed and not due 113824 44 6 Death losses which have been reported and no proofs received 21571 00 7 Death losses and other policy claims re sisted by the company not yet outlawed 3000 00 Gross policy claims 194412 44 Net policy claims 9 Unpaid dividends or other profits due policy holders in cluding those contingent on payment of outstanding and deferred premiums 11 Salaries rents expenses taxes bills accounts bonuses commissions medical and legal feesetcdue oraccrued 12 Premiums paid in advance 13 Surrender values claimable on policies canceled whose re serves are not included in item 1 194412 44 721498 05 20000 00 17520 82 9474 00 Total liabilities life department 42681696 31 Total liabilities accident department 300272 48 Liabilities on policy holders account 42981968 79 Gross divisible surplus 5495052 02 Capital stock paid up 1750000 00 7245052 02 Total 50227020 81 Business in Georgia During the Year ending Dec 31 1898 Number and amount of policies on the lives of citi zens of said state in force December 31 of pre vious year Number and amount of policies on the lives of citizens of said state issued during the year Total Deduct number and amount which have ceased to be in force during the year Total number and amount of policies in force 1241 No Amount 858 2069107 00 690 1421965 00 1548 3491132 00 307 705666 00 241 2785466 00 COMPTROLLERGENERALS REPORT 175 Amount of losses and claims on policies in said state unpaid December 31 of previous year 1 60 00 Amount of losses and claims on policies in said state incurred during the year 18 52373 00 Total 19 52433 00 Amount of losses and claims on policies in said state settled during the year in cash 4516052 by compromise 16 45160 52 What amount of premiums was collected or secured in said state during the year in cash and notes or credits without any deduction for losses dividends commissionsor other expenses Answer Cash 6506983 Notes or credits 20349 Total 6527732 BUSINESS IX GEORGIA FOB YEAR ENDING APRIL 30 1899 Risks 8866212 00 Premiums 73633 38 Losses 3f745 52 Tax 73633 CONNECTICUT MUTUAL LIFE INSURANCE CO HARTFORD CONN Amount of net ledger assets December 31 of previous year 61408550 38 Extended at 75 61408550 38 IIINCOME DURING THE YEAR 1898 As shown by the books at the home office at close of business December 31 1 First years premiums except items 3 and 5 less interest included in deferred premiums and for 1st years reinsurance 339300 44 2 Renewal premiums except items 3 and 5 less interest in cluded in deferred premiums and for renewal reinsurance 3210474 20 3 Dividends applied by policy holders to pay running premi ums 1styearpremiums renewals 1077070 64 5 Surrender values applied to pay running premiums 1st year premiums 361254 re newals 1890453 22517 07 6 Surrender values applied to purchase paidup insurance and annuities 117498 13176 COMPTROLLERGENERALS REPORT 7 Consideration for annuities other than matured install ment policies 1370 00 8 Total premium income54768230 48 9 Rents from Cos property in cluding for Cos use of own buildings 309987 59 10 Interest on loans on mort gages of real estate 1865388 58 11 Interest on collateral loans in cluding premiums notes loans or liens 58132 83 12 Interest on bonds and divi dends on stocks 812333 61 13 Interest on other debts due the company and on deposits in banks 24405 05 Total rents and interest Total income during the year 3070247 66 838478 14 Sum of both amounts 69247028 52 IIIDISBURSEMENTS DURING THE YEAR 1898 As shown by the books at the home office at close of business December 31 1 For death claims 1398354144 additions 3983541 44 2 Matured endowments 299 79900 additions 299799 00 Total net amount actually ptkd for losses and matured endowments 4283340 44 6 Paid annuities 25 00 7 Premium notes voided by lapse less 668 00 restored by revival 1456 00 8 Dividends paid policyholders less received for dividends on reinsurances 195623 14 9 Dividends applied by policyholders to pay running premiumsif 1077076 64 11 Surrender values paid less received on surrendered reinsurances 514569 35 12 Surrender values applied to pay running premiums 22517 07 13 Surrender values applied to purchase paid up insurance and annuities 117498 13 15 Commissions and bonuses to agents less commission received on reinsurances new policies 9137206 renewal policies 269 113 19 on annuities 1946 360504 71 17 Salaries and allowances for agencies in cluding managers agents and clerks 23999 83COMPTROLLERGENERALS REPORT 177 18 Salaries and all other compensation offi cers 59000 home office employes 92 69998 151699 98 19 Medical examiners fees 21475 45 20 Taxes on new premiums S301803 renewal premiums 2716223 on franchise 151 28103 on reserves 1109377 on munici pal and State licenses 213487 internal revenue 574541 200435 40 21 Taxes on real estate 177648 62 22 Insurance department fees and agents licenses 5900 23 23 Repairs and expenses other than taxes on real estate 141859 01 24 Rent including for companys use of own buildings less 552 received under sublease 7037 00 25 Advertising 3621305 printing and sta tionery 1951365 postage 2009510 75821 80 26 Legal expenses 19386 88 27 Losses on sales of real estate 1683 02 2 All other items 7937 31 Exprss 252426 telegraph 147349 397 75 Traveling 1563187 miscellaneous 9 84236 28474 23 Total disbursements Balance Invested in the following 74399 99 61807067 53 IVLEDGER ASSETS As per ledger accounts shown by the books at the home office at close of business December 31 1 Book value of real estate unincumbered 10977642 71 2 Mortgage loans on real estate first liens 28900189 39 3 Loans secured by pledge of bonds stocks or other collaterals 2300 00 5 Premium notes on policies in force 904622 19 6 Book value bonds excluding interest 18 86560362 stocks 4350416 19339107 78 7 Cash in companys office deposited in bank J P Morgan Co N Y 453 69144 First Nit Hartford 11394504 Conn Trust id Safe Deposit Co Hartford 41954306 State Hartford 132 87890 Farmers and Mechanics Hartford 68283 Phcenix Nat Hartford 45233403 City Hartford 11566996 total 1688745 26 8 Bills receivable 5367 79 Total 61817975 12178 COMPTROLLERGENERALS REPORT Deduct Ledger Liabilities 9 Agents credit balances 10907 59 Total net ledger assets as per balance above 61807067 53 NOXLEIXJER ASSETS 638 619 65 201744 83 28 75 128309 40 12572 27 981274 90 10 Interest due 11953727 and accrued 51908238 on mortgages 11 Interest due 120000 and accrued 200 54483 on bonds and stocks 12 Interest due and accrued 28 75 on collateral loans 13 Interest due 9872100 and accrued 29 58840 on premium notes loans or liens 15 Rents due 529929 and accrued 7272 98 on companys property or lease 17 Market value of bonds and stocks over book value 1065955 64 New Renewals 18 Gross premiums not more Business than three months due af ter period of grace unre ported on policies outstand ing December 31 19615 37 78357 69 19 Gross deferred premiums on policies outstanding De cember 3130824 38 288023 80 20 Totals 50439 75 366381 49 21 Deduct cost of collection 2665 per cent on new 0 25 per cent on re newals 13442 19 22898 84 22 Net amount of uncollected and deferred premiums 36997 56 343482 65380480 21 Balance of loading on uncollected and de ferred premiums 47023 22 333456 99 Gross assets 64187755 06 Deduct Assets not Admitted 4 Loans on personal security endorsed or not bills receivable unsecured 5367 79 Total admitted assets 64182387 27 IVNOXLEDGER LIABILITIES As shown by the books at home office at close of business December 31 1 Net present value of all the outstanding pol icies in force on the 31st day of Dec 1898 as computed by the Connecticut Insurance Department according to the Actuaries Table and four per cent interest 53538699 00COMPTROLLERGENERALS REPORT 179 Same for annuities including thosein re duction of premiums 1056 00 Additional reserve by companys standard viz The American Table and 3 per cent interest on new insurances written on or since April 1 1882 1822059 00 Net reserve 3 Matured endowments due and unpaid 9372 00 4 Death losses due and unpaid 28198 50 5 Death losses in process of adjustment or adjusted and not due 80925 00 6 Death losses which have been reported and no proofs received 68394 00 7 Death losses and other policy claims resist ed by the company not yet outlawed 40392 00 Net policy claims 9 Unpaid dividends or other profits due policyholders in cluding those contingent on payment of outstanding and deferred premiums 12 premiums paid in advance 13 Surrender values claimable on policies canceled whose re serves are not included in item 1 14 Any other liability viz Additional special reserve for term policies and annuities Liabilities on policyholders account Gross divisible surplus 55361814 00 227281 50 78437 17 34854 53 241360 00 18098 00 56 665845 20 7516542 07 Total Business in the State of Georgia During the Year ending Dec No Number and amount of policies on the lives of citizens of said State in force Dec 31 of previous year 408 Number and amount of policies on the lives of citizens of said State issued during the year 19 Total 427 Deduct number and amount which has ceased to be in force during the year 12 Total number and amount of policies in force 415 Amount of losses and claims on policies in said State incurred during the year Amount of losses and claims on policies in said State settled during the year in cash 64182387 27 31 1898 Amount 1184600 0 48000 00 1232600 00 23000 00 1209000 00 5000 00 5000 00 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 1021000 00 Premiums Losses Tax 32422 48 5000 00 324 22180 COMPTROLLERGENERALS REPORT EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES NEAV YORK N Y ICAPITAL STOCK 1 Amount of capital stock paid up in cash 100000 00 a Amount of net or ledger assets December 31 of previous year224108988 06 Extended at221108988 06 IIINCOME DURING THE YEAR 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 4486654 42 1J Cash received for renewal prems without deduction for commissions or other ex penses 31460802 91 3 From dividends applied to purchase paidup additions and annuities see item 12 disbursements 683 927 15 4 From surrender values ap plied to purchase paidup insurnce and annuities see item 15 disbursements 1955172 00 5 Consideration for annuities other than matured install ment policies 785868 28 Total 39372424 76 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company 1003 17 7 Total premium income 39371421 59 8 Cash received for interest on mortgage loans 1770488 77 9 Cash received for interest on bonds owned and dividends on stock 5591904 65 11 Cash reeeived for interest on other debts due the company 1164527 40 13 Cash received for rents for use of companys property 1963640 05 19 From all other sources viz Profit and loss 387304 32 Total income 50249286 78 Total 274358274 84 IIIDISBURSEMENTS DURING YEAR 1898 1 Cash paid for death claims including revisionary addi tions 12952129 94COMPTROLLERGENERALS REPORT 181 S Cash paid for matured endow ments and additions there to 1319522 25 5 Cash paid for sums falling due during the year on install ment policies 30344 82 Total 14301997 01 7 Total net amount actually paid for losses and matured endowments 14301997 01 8 Cash paid to annuitants 567905 38 10 Cash dividends paid policyholders 2375817 71 12 Cash dividends applied to purchase paidup additions and annuities see item 3J in come 683927 15 13 Surrender values paid in cash 4135704 17 15 Surrender values applied to purchase paid up insurance and annuities see item 4 income 1955172 00 Total paid policyholders 24020523 42 16 Cash paid stockholders for interest or divi dends 700000 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 1223217144 renewals 1 91734946 on annuities 2127652 4250797 42 18 Cash paid for salaries and allowances to managers and agents 334863 83 19 Cash paid for medical examiners fees and inspection of risks 345276 05 20 Cash paid for salaries and all other compen sation of officers and other home office employees 684256 63 21 Cash paid for taxes on premiums 214 08395 stamps and customs 13885241 252936 36 22 Cash paid for taxes on reserves 12581 22 23 Cash paid for insurance department fees and agents licenses 834250 municipal licenses 2515545 33497 95 24 Cash paid for rent 355257 81 25 Cash paid for commuting commissions 773279 35 26 Cash paid for taxes on real estate 280703 44 27 Cash paid for advertising printing and ex change 462287 77 28 Cash paid for real estate expenses other than taxes 493523 72 29 Cash paid for the following items viz Le gal expenses traveling expenses and Guarantee Companys bonds 276323 98 Cash paid clerical expenses agency expens express telegraph cable freight tele phone furniture and general expenses 170843 28 Total miscellaneous expenses 873342881 Total disbursements 30 31 32753952 23 Balance241604322 61182 COMPTROLLERGENERALS REPORT IVASSETS AS PER LEDGER ACCOUNTS 1 a Book value of real estate exclusive of all incumbrances 40410333 64 2 Loans on mortgage 1st liens on real estate 34724277 55 3 Loans secured by pledge of bonds stocks or other marketable collaterals market value 1452091000 11431535 55 4 Loans made in cash to policyholders on this companys policies assigned as collateral 6988 00 6 c Book value of bonds and stocks owned excluding accrued interest at time of purchase 133930675 27 7 Cash in companys office 771074 cash de posited in banks at interest 904902681 and trust companies 1146498855 20521726 10 10 Agentsledger balances 252786 50 Commuted commissions 326 000 00 13 Total net or ledger assets less depreciation241604322 61 OTHER ASSETS 14 Interest due 5803773 and accrued 161 21375 on mortgages 219251 48 15 Interest due and accrued192280500 on bonds and stocks 1922S05 00 16 Interest dueand accrued 7744694 on collateral loans 77446 94 18 Interest due and accrued 861474 54 on other assets 61 474 54 19 Rents due 12160910 and accrued 69 38914 on companys property or lease 190998 24 Total carried out 2471 976 20 21 Market value of bonds and stocks over book value not including accrued interest 9556 105 73 New Business Renewals 23 Gross premiums due and un reported on policies in force December 31 1898 1139720 00 2203359 00 24 Gross deferred premiums on policies in force December 31 1898 182662 00 2226053 00 Totals 1322382 00 4429412 00 25 Deducting loading 60 percent on new and 5 per cent on renewals 793429 00 221471 00 26 Net amount of uncollected and deferred premiums 528953 00 4207941 00 4736894 00 28 Total assets as per the books of the company 58369298 54COMPTROLLERGENERALS REPORT 183 ITEMS JJOT ADMITTED 3 Commuted commissions 326000 00 5 Agents balances 252786 50 Totali 578786 50 9 Total assets less items not admitted 257790512 04 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1898 198898259 00 Net reinsurance reserve 198898259 00 1 Claims for death losses which have been reported and no proofs received 1252614 79 3 Claims for death losses due and unpaid 297357 10 4 Claims for matured endowments due and unpaid 11158207 5 Claims for death losses and maturedetidow ments in process of adjustment or ad justed and not due r 60075 00 6 Claims for death losses and other policy claims resisted by the company 70125 00 7 Amounts due and unpaid on annuity claims 37513 31 8 Present value of unpaid amounts on ma tured installmt policies face 30999221 231609 00 Total policy claims 2060876 27 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 99674 00 17 Liabilities on policyholders account 201058809 27 18 Gross surplus on policyholders account 56731702 77 19 Total liabilities 257790512 04 Business in Georgia During 1898 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 3627 10693562 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 452 1664528 00 Total 4079 12358090 00 Deduct number and amount which have ceased to be in force during the year 462 173514 00 Total number and amount of policies in force in Georgia December 31 1898 3617 10644576 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 1 1090 00 Amount of losses and claims on policies in Georgia incurred during the year 45 131161 00 Total 46 13225100184 COMPTROLLERGENERALS REPORT Amount of losses and claims on policies in Georgia paid during the year 44 130841 00 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 33500154 notes or credits total 33500154 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 10874000 00 Premiums 350654 04 Losses 148309 02 Tax 3506 54 FIDELITY MUTUAL LIFE ASSOCIATION OF PHILADELPHIA PA ICAPITAL STOCK Amount of net or ledger assets Decem ber 31 of previous year 2005055 18 Add value of installment policies Decem ber 31 1897 1157 00 Extended at 2006212 18 INCOME DURING YEAR 1898 1 Cash received for premiums on new policieswithout de ductions for commissions or other expenses 397545 52 1J Cash received for renewal premiums without deduc tions for commissions or other expenses 1290612 69 2J Premium notes loans or liens taken in part payment for renewal premiums 3 From dividends applied to pay running premiums Total 1778617 7 Total premium income 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and dividends on stock 10 Cash received for interest notes loans or liens 11 Cash received for interest on other debts due the company 12 Cash received as discount on claims paid in advance 13 Cash received for rents for use of companys property including 30000 for companys own occupancy 67862 04 22 591 90 15 on premium 1778617 15 14729 32 7423 01 7968 36 17283 21 177 86 61422 46COMPTROLLERGENERALS REPORT 185 14 Cash received for profits on sales of bonds or stocks 3500 19 From all other sources viz Fees for alter ations of policies Medical examiners fees paid by appli cants Total income 3500 00 384 75 2745 09 18 4251 21 Total 39046339 HIDISBURSEMENTS DURING TEAR 1898 J Cash paid for death claims including revisionary addi tions 5 Cash paid for sums falling due during the year on in stallment policies 840952 10 200 00 841152 10 25000 00 Total 6 Deduct amount received from other companies for losses or claims on policies of this company reinsured of which is for matur ed endowments 7 Total net amount actually paid for losses and matured endowments 11 Cash dividends applied to pay running pre miums 13 Surrender values paid in cash Advance payments returned to rejected applicants Total paid policyholders 917982 38 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 22106190 renewals 81 01687 18 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 30 69428 inspection of risks 1050028 Cash paid for salaries and all other com pensation of officers and other home of fice employees 21 Cash paid for taxes on new premiums 155192 on renewals 518784 22 Cash paid for taxes on reserves on investments 1312399 war taxes 6 78667 Cash paid for insurance department fees and agents licenses 984263 municipal licenses 44926 Cash paid for rent including 30000 com panys occupancy 19 20 23 24 816152 10 22596 90 52625 02 26608 36 302081 77 53592 58 41194 56 105152 78 6739 76 19910 61 10291 89 48903 67186 COMPTROLLERGENERALS REPORT 26 Cash paid for furniture fixtures and safes for home and agency offices 1080 83 27 Cash paid for advertising 881930 print ing 17854 99 26674 29 28 Cash paid for real estate expenses other than taxes 1047705 for legal expenses S00381 1M80 ge 29 Cash paid for the following items viz losses on real estate 63217 janitorf uel etc 57854 legislation 69149 library 12829 postage 1275263 sundry ex penses 255575 traveling expenses 1768515 expressage and telegrams 297959 total miscellaneous expenses 673087 21 30 Total disbursements 1 595 Qgg 5g 31 Balance 2309393 80 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 1 170 2 5 75 2 Loans on mortgage first liens on real es tate 2370S0 30 3 Loans secured by pledge of bonds stocks or other marketable collaterals 76287 16 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 100124 12 5 Premium notes loans or liens on policies in force of which 6777004 was received during the year 67862 04 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 301255 95 7 Cash in companys office 4 t g 8 Cash deposited in banks 112221 48 9 Bills receivable 14 006 17 10 Agents ledger balances 199985 99 Due from Minnesota Loan Trust Co 738150 Citizens Mutual Life Insur ance Co 1755260 24934 10 Supplies 270564 suspended banks 44580 3151 44 11 Total net or ledger assets as per balance above 2311392 66 Deduct ledger liabilities 199s 86 12 Deduct depreciation from cost of assets to bring same to market value 2309393 80 13 Total net or ledger assets less deprecia tion 2309393 80COMPTROLLERGENERALS REPORT 187 14 15 16 19 20 21 26 28 5 7 11766 17 102400 33 3373 22 243 27 Other Assets Interest due 331675 and accrued 4 16882 on mortgages 7485 57 Interest due and accrued 286248 on bonds and stocks 2862 48 Interest due and accrued 11550 on collateral loans 115 30 Rents due and accrued 130262 1302 62 Total carried out Market value of real estate over cost Market value of bonds and stocks over cost Net amount of uncollected and deferred premiumson limited payment policies only renewals 7124327 Total assets as per the books of the company 2498176 79 Items not admitted Agents balances 147556 59 Bills receivable 14006 17 8 Supplies printed matter and stationery 2705 64 Suspended banks 445 80 Total 164714 20 9 Total assets less items not admitted 2333462 59 VLIABILITIES 1 Net present values of all outstanding poli cies in force on the 31st day of December 1898 computed according to The Actu aries Table of Mortality with four per cent interest 1563005 00 Deduct net value of risks of this com pany reinsured in other solvent com panies Net reinsurance reserve 3 Claims for death losses due and unpaid 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 6 Claims for death losses and other policy claims resisted by the company 8 Present value of unpaid amounts on ma tured installment policies face 13 80000 Total policy claims Amount due on account of salaries rents and office ex penses Amount of any other liability of the company viz Premiums paid in advance Liabilities on policyholders account 1686 55 10000 00 119319 90 41000 00 11600 16 1561318 45 13 16 17 181920 06 1695 74 1576 26 1746510 51 586 952 08 18 Gross surplus on policyholdersaccount 19 Total liabilities 2333462 59188 COMPTROLLERGENERALS REPORT Business in Georgia during 1898 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31st of pre vious year 11C1 2286503 90 Number and amount of policies on the lives of citi zens of Georgia issued during the year 188 392835 50 Total 1289 2679339 40 Deduct number and amount which have ceas ed to be in force during the year 249 419 446 90 Total number and amount of policies in force in Georgia December 31 18 8 1040 259892 50 Amount of losses and claims on policies in Georgia unpaid December 31st of previous year 2 15000 00 Amount of losses and claims on policies in Georgia incurred during the year 16 40000 00 Total 18 55000 00 Amount of losses and claims on policies in Georgia paid during the year 47500 sealed 150000 17 52000 00 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction Mr losses divi dends commissions or other expenses Answr Cash 5227804 notes or credits total 5227804 BUSINESS IN GKORGIA JMR TEAR KNDIXG APRIL 30 1899 Risks 2219970 50 Premiums 52 665 99 Losses 47000 00 Tax 526 66 GERMANIA LIFE INSURANCE COMPANY NEW YORK N Y ICAPITAL STOCK 1 Amount of capital stock paid up in cash 200000 00 Amount of net or ledger assets Dec 31 of previous year 22854252 57 IIINCOME DURING THE YEAR 1898 1 Cash received for premiums on new policies without deduc tions for commissions or other expenses 376752 35 1 Cash received for renewal pre miums without deductions for commissions or other expenses 2630836 30 3 From dividends applied to pur chase paidup additions and annuities 28886 66COMPTROLLERGENERALS REPORT 189 4 From surrender values applied to purchase paidup insurance and annuities 140239 48 5 Consideration for annuities other than matured installment pol icies 12323 96 Total 3189038 75 Deduct amount of premiums paid to other companies for rein surance on policies in this compy new business 25050 renewals 748180 7732 30 72369 58 4430 66 Total premium income 3181306 45 Cash received for interest on mortgage loans 611387 12 Cash received for interest on bonds owned and dividends on stock 286119 86 Cash received for interest on premium notes loans or liens Cash received for interest on other debts due the company Cash received for rents for use of companys property including 21760 for companys own occupancy 14322 46 Cash received for profits on sales of bonds or stocks real estate 119 65 449 65 From all other souraes viz Policy fees 1956 50 Total income 4304212 28 Total IIIDISBURSEMENTS DURING YEAR 1898 1 Cash paid for death claims in cluding revisionary additions 992280 68 3 Cash pd for mutual endowments and additions thereto 498331 64 7 8 9 10 11 13 14 19 27158494 85 Total net amount actually paid for losses and matured endowments 8 Cash paid to annuitants 10 Cash dividends paid policyholders on paid up policies 11 Cash dividends of 1S98 applied to pay running premiums due in 1898 12 Cash dividends applied to purchase paidup additions and annuities 13 Surrender values paid in cash L5 Surrender values applied to purchase paidup insurance and annuities 16 Cash paid stockholders for interest and div idends 490612 32 24194 73 10580 01 118132 48 28886 6 281627 32 140239 48 24000 00190 COMPTROLLERGENERALS REPORT 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 823658907 renewals 113 0846 on annuities 43577 350108 30 18 Cash paid for salaries and allowances to man agers and agents 119009 41 19 Cash paid for medical examiners fees inspection of risks 33881 17 20 Cash paid for salaries and all other compen sation of officers and other home office em ployes 101246 06 21 Cash paid for taxes on new premiums and on renewals 18101 32 22 Cash paid for taxes on reserves 43886 on real estate 2124801 21686 87 23 Casl paid for insurance department feas and agents licenses 199510 municipal and State licenses 320363 5198 73 24 Cash paid for rent including 24760 compa nys occupancy 24760 00 25 Cash paid for commuting commissions 2577 27 26 Cash paid for furniture fixtures and safes for home and agency offices 3362 67 27 Cash paid for advertising 1338422 print ing 985895 postage 116375 24407 42 28 Cash paid for real estate expenses other than taxes 5295914 for legal expenses 42 60361 55562 75 29 Cash paid for the following items viz Ex pressage exchange and other expenses and loss on sales of securities 813650 56241 04 30 Total disbursements 2931 416 01 Balance 24227078 84 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all in cumbrances 2512146 55 2 Loans on mortgage first liens on real estate13071450 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 1250934 44 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase6963600 50 7 Cash in companys office 548678 in transit 14185827 since received 147345 05 8 Cash deposited in banks 281602 30 11 Total net or ledger assets as per balance above24227078 84 13 Total net or ledger assets less depreciation 24227078 84COMPTROLLERGENERALS REPORT 191 Other Assets 14 Interest due 8750 and accrued 19120834 on mortgages 199958 34 15 Interest accrued 5368459 on bonds and stocks53684 59 17 Interest due 225707 and accrued 206073 on premium notes loans or liens 4317 80 19 Rents due 1500 and accrued 592916 on companys property or lease 7429 16 Total 265389 89 20 Market value of real estate over cost 60944 63 21 Market value of bonds and stocks over cost 179896 32 New Business Renewals 23 Gross premiums due and unreported on policies in force Dec 31 189855631 43 167723 91 24 Gross deferred premiums on policies in force Dec 31 189839030 52 296208 40 Totals 94661 95 463932 31 25 Deducting loading 60 per cent on new and 5 per cent on re newals 56797 17 23196 62 26 Net amount of uncollected and de ferred premiums 37864 78 440735 69 478600 47 28 Total assets as per the books of the company 25211910 15 VLIABILITIES 1 Net present value of all the outstanding pol icies in force on the 31st day of December 1898 computed according to the Actuaries Table of Mortality with 4 per ct interest21934912 CO Deduct net value of risks of this company reinsured in other solvent companies 39929 00 Net reinsurance reserve 21894983 00 3 Claims for death losses due and unpaid 2224 96 4 Claims for matured endowments due and unpaid 2069 00 5 Claims for death losses and matured endow ments in process of adjustment or ad justed and not due 202134 69 6 Claims for death losses and other policy claims resisted by the company 41913 52 7 Amounts due and unpaid on annuity claims 1668 15 Total policy claims 250010 32 10 Amount of all unpaid dividends of surplus or other profits due policyholders 34726 82192 COMPTROLLERGENERALS REPORT 16 Amount of any other liability of the company viz Pre miums paid in advance 707942 and of reserve on pol icies cancelled and not included in item 1 upon which a surrender value may be demanded 815237 extra reserve 7768692 92918 71 17 Liabilities on policyholders account 22272638 85 18 Gross surplus on policyholders account 2939271 30 19 Total liabilities 25211910 15 Business in Georgia During Year 1898 No Amount Number and amount of policies on the lives of citizens uf Georgia in force Dec 31 of previous year 77 124883 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 56 66500 00 Total 133 191383 00 Deduct number and amount of policies which have ceased to be in force during the year 25 31581 00 Total number and amount of policies in force in Geor gia December 31 1898 108 159802 00 Amount of losses and claims on policies in Georgia in curred during the year 2 831 00 Amount of losses and claims on policies in Georgia paid during the year 2 831 00 BUSINESS IN GEORGIA FOR THE YEAR ENDING APRIL 30 1899 Risks1 165302 00 Premiums 2603 23 Losses 831 0O Tax 26 03 THE HARTFORD LIFE INSURANCE COMPANY HARTFORD CONN ICAPITAL STOCK 2 Amount of capital paid up in cash 250000 00 a Amount of net ledger assets December 31 of previous year 594831 32 Extended at 594831 32 IIINCOME DURING THE YEAR 2 Renewal premiums 1297 66 3 Dividends applied by policyholders to pay running premiums 346 85 8 Total premium income 1644 51 9 Rent from companys property including 350000 for companys use of own build ings 13705 04 10 Interest on loans on mortgages of real est 8555 35COMPTROLLERGENERALS REPORT 193 12 1 11 Interest on collateral loans including pre mium notes loans or liens Interest on bonds and dividends on stocks Total rents and interest From other sources viz profit and loss account must be itemized Commissions on reinsurance and nonresident taxes Transfer from assessment departmt ledger to stock department ledger securities and cash representing the balance of annual dues accumulated on the books of the as sessment department from 1880 to 1898 inclusive but which by the terms of the policies and certificates belonged to the stock department Total income during the year 3884 73 3974 75 30119 87 1389 51 543506 40 576660 29 Sum of both amounts 1171491 61 IIIDISBURSEMENTS DURING THE YEAR 1 For death claims 1565500 additions 42133 16076 33 Total 16076 33 Total net amount actually paid for losses and matured endowments 16076 33 8 Dividends paid policyholders less 5631 received for dividends on reinsurances 12473 25 9 Dividends applied by policyholders to pay running premiums 346 85 11 Surrender values paid 20450 75 Total paid policyholders 4934718 14 Paid stockholders for interest or dividends amount declared during the year 25 00000 25000 00 15 Commissions and bonuses to agents less commission received on reinsurances renewal policies 4238 42 38 21 Taxes on real estate 4574 39 23 Repairs and expenses other than taxes on real estate 3075 62 24 Rent including 350000 for companys use of own buildings 3500 00 27 Losses on sales of real estate 5398 75 Total miscellaneous expenses 4159114 Total disbursements 90938 32 Balance 1080553 29 IVLEDGER ASSETS L a Book value of real estate unincum bered 2 Mortgage loans on real estate first liens 214402 59 184500 00194 COMPTROLLERGENERALS REPORT 3 Loans secured by pledge of bonds stocks or other collateral 4 Loans made to policyholders on this com panys policies assigned as collateral 6 a Book value of bonds excluding inter est 21716104 stocks 15580358 7 Cash deposited in First National Bank of Hartford 8 Bills receivable 170000 agents debit bal ances G P Bessell Co 9005 Deduct ledger liabilitiestotal 1080553 29 Total net ledger assets as per balance above 1080553 2 20000 00 68132 50 372964 62 168713 63 1790 05 NONLEDGEK ASSETS 10 Interest due and accrued 257204 on mortgages 11 Interest due and accrued 527356 on bonds and stocks 12 Interest due and accrued 3440 on collateral loans 15 Rents due and accrued 209968 on companys property or lease 19 Gross deferred premiums not more than three months due after a period of grace unreported on policies outstanding De cember 31 22 Net amount of all uncollected and deferred premiums 2572 04 5273 56 34 40 2099 68 Renewals 124 21 124 21 9979 28 124 21 Gross assets 1090656 78 Deduct Assets Not Admitted 4 Bills receivable unsecured 5 Premium notes on loans and net premiums in item 22 in excess of reserve on policies 7 Depreciation in ledger assetsto bring same to market value real estate 3825828 bonds and stocks 5587599 other 9005 Total 1700 00 473 00 39224 32 41397 32 Total admitted assets 1049259 46 V NONLEDGER 11 ABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1898 as computed by the com pany according to the Actuaries Table of Mortality with four per cent interest 239182 00 Same for reversionary additions 2896 00 Total 24207S 00COMPTROLLERGENERALS REPORT 195 Deduct net value of risks of this company reinsured in other solvent companies 0136 00 Net reserve 235942 00 5 Death losses in process of adjustment or adjusted and not due 4896 CO Gross policy claims 4896 00 Net policy claims 4896 00 11 Salaries rents expenses taxes bills accounts bonuses commissions medical and legal fees etc due or ac crued 2757 98 Liabilities on Policyholders account 243595 98 Gross divisible surplus 555663 48 Capital stock paid up 250000 00 Total 805663 48 15 Surplus accumulated on deferred dividend policies ap portioned or not 1049259 46 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 3816500 00 Premiums 79769 63 Losses 37750 00 Tax 797 70 HOME LIFE INSURANCE COMPANY OF NEW YORK NEW YORK ICAPITAL STOCK 1 Amount of capital stock authorized 125000 0 Subscribed for 125000 00 2 Amount of capital paid up in cash 125000 00 Amount of net ledger assets December 31 of previous year 9557185 50 Extended at 9557185 50 IIINCOME DURING YEAR 1 First years premiums less in terest included in deferred premiums 135312 and 49926 for first years re insurance 247298 77 2 Renewal premiums less inter est included in deferred premiums 713399 and 656489 for renewal rein surance 1246332 13 3 Dividends applied by policy holders to pay running pre miums 1st year premium renewals 5356356 53563 56196 COMPTROLLERGENERALS REPORT 4 Dividends applied by policy holders to purchase paid up additions and annuities 97892 25 6 Surrender values applied to purchase paidup insur ance and annuities 68428 00 7 Consideration for annuities other than matured in stallment policies 9723 21 8 Total premium income 1723237 92 9 Rents from companys prop erty including 2400000 for companys use of own buildings 92525 12 10 Interest on loans on mort gages of real estate 149973 30 11 Interest on collateral loans including premium notes loans or liens 60066 58 12 Interest on bonds and divi dends on stocks 173235 01 13 Interest on other debts due the company and on de posits in banks 3865 25 14 Interest on deferred premi ums 8487 11 Total rents and interest 488152 37 15 Profit on sale or maturity of securities 675 62 Total income during the year 2212065 91 Sum of both amounts 11769251 41 IIIDISBURSEMENTS DURING THE YEAR 1 For death claims 62187712 additions 838910 630200 22 2 Matured endowments 125 89500 additions 578041 131675 41 Total 701941 63 5 Total net amount actually paid for losses and matured endowments 701941 63 0 Paid to annuitants 2071 44 8 Received for dividends on reinsurances 3475 94 9 Dividends applied by policyholders to pay running premiums 53563 56 10 Dividends applied by policyholders to pur chase paidup additions and annuities 97892 25 11 Received on surrendered reinsurances 121175 19 13 Surrender values applied to purchase paid up insurance and annuities 68428 00 Total paid policyholders 1126848 01 14 Paiil stockholders for interest or dividends amount declared during the year 15000 00COMPTROLLERGENERALS REPORT 197 15 Commissions and bonuses to agents less commission received on reinsurances new policies 12796101 renewal poli cies 9509394 on annuities 43288 223490 83 17 Salaries and allowances for agencies in cluding managers agents and clerks 69918 85 18 Salaries and all other compensation officers 43500 home office employes 4580007 89300 07 19 Medical examiners fees 2106450 inspec tion of risks 181328 22877 78 20 Taxes on new premiums and on renewal premiums 1545003 on reserves 75046 municipal and state licenses 131480 17515 29 21 Taxes on real estate 1018074 on other investments 500 10185 74 22 Insurance department fees and agents li censes 5692 32 23 Repairs and expenses other than taxes on real estate 27599 19 24 Rent including 2400000 for companys use of own buildings 24000 00 25 Advertising 755964 printing and station ery 1158446 postage 243800 21582 10 26 Legal expenses 482634 4826 34 28 All other items viz profit and loss account must be itemized Internal revenue 3 56132 traveling expenses 512461 of fice expenses 472279 13408 72 Total miscellaneous expenses 545397 23 Total disbursements 1672245 24 Balance 10097006 17 IVLEDGER ASSETS 1 Book value real estate unincumbered 1603487 63 2 Mortgage loans on real estate first liens 330355452 3303554 52 3 Loans secured by pledge of bonds stocks or other collateral 25400 00 4 Loans made to policyholders on this com panys policies assigned as collateral 487401 73 5 Premium notes on policies in force of which 181575 is for first years premi ums 486394 55 6 Book value bonds excluding interest 3 70437767 stocks 26459199 3968969 66 7 Cash deposited in bank 146975 51 8 Bills receivable 2645622 agents debit balances 4541324 71869 46 Due from fire insurance company on ac count of authorized expenditures 2953 11 Total 10 097006 17198 COMPTROLLERGENERALS REPORT NonLedger Assets 10 Interest due and accrued on mortgages 46873 34 11 Interest due and accrued on bonds and stocks 49997 73 12 Interest due and accrued on collateral loans 507 22 13 Interest due and accrued on premium notes loans or liens 1047 31 14 Interest due and accrued on other assets 8133 37 15 Rents due and accrued on companys prop erty or lease 5301 77 111830 77 16 Market value of real estate over book value 95516 63 17 Market value of bonds and stocks over book value 145555 5S s Renewals 241072 26 New Businesi 18 Gross premiums not more than three months due after period of grace unreported on policies outstanding December 31 38857 52 82944 94 19 Gross deferred premiums on policies outstanding December 31 18741 32 82152 50 20 Totals 57598 84 165097 44 21 Deduct cost of collection 51J per cent on new 7 310 per cent on renewals 29663 40 11951 75 22 Net amount of uncollected and deferred premiums 27935 44 153145 89 181031 13 Gross assets 10631020 33 Deduct Assets Not Admitted 3 Agents debit balances not secured by bonds 45413 24 4 Bills receivable unsecured 26456 22 Total 71869 46 Total admitted assets 10559150 87 VNONLEDGER LIAHILITES 1 Net present value of all the outstanding policies in force on the 31st day of December 1898 as computed by the company according to The Actuaries Table of Mortality with four per cent interest Same for revisionary additions Same for annuities including those in reduction of premiums Total 8558366 01 537552 00 207068 00 9302986 00 COMPTROLLERGENERALS REPORT 199 Deduct net value of risks of this com pany reinsured in other solvent com panies 16378 00 Net reserve 9286608 00 2 Present value of amounts not yet due on matured installment policies face 20 50000 included in item 1 of liabilities 15533 00 5 Death losses in process of adjustment or adjusted and not due 37812 49 6 Death losses which have been reported and no proofs received 35350 00 7 Death losses and other policy claims resist ed by the company not yet outlawed 23500 00 Gross policy claims 96662 40 Net policy claims 96662 40 9 Unpaid dividends or other profits due policyholders in cluding those contingent on payment of outstanding and deferred premiums 5583 95 12 Premiums paid in advance 10312 50 13 Surrender values claimable on policies canceled whose re serves are not included in item 1 706 00 Liabilities on policyholders account 9406182 85 Capital stock paid up 1152968 02 Total 10559150 87 Business in Georgia during the year ending Dec 31 1898 No Amount Number and amount of policies on the lives of citi zens of said State in force December 31 of pre vious year 146 411870 00 Number and amount of policies on the lives of citi zens of said state issued during the year 252 372457 00 Total 784327 00 Deduct number and amount which have ceased to be in force during the year 159 258453 00 Total number and amount of policies in force in said state December 31 last 239 525874 00 What amount of premiums was collected or secured in said state during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 1008 94 Notes or credits 1124159 total 1730053 BUSINESS IN GEOROIA FOR YEAR ENDING APRIL 30 1S99 Risks 57085700 Premiums Ui38 U Tax 1673S200 COMPTROLLERGENERALS REPORT IOWA LIFE INSURANCE COMPANY OF SIOUX CITY IOWA ICAPITAL STOCK 1 Amount of capital stock paid up in cash 100255 00 Amount of net or ledger assets December 31 of previous year 371353 10 Increase of capital during 1898 255 00 Extended at 371608 10 IIINCOME DURING YEAH 1898 1 Cash received for premiums on new policies without deductions for commissions or other expenses 171604 56 1 Cash received for renewal premiums without deduc tions for commissions or other expenses 148286 72 4 From surrender values ap plied to pay running premiums 2960 92 4 From surrender values ap plied to purchase paidup insurance and annuities 2522 08 Total 325374 28 6 Deduct amount of premiums paid to other companies for reinsurance on poli cies in this company new business 101589 renew als 125611 2272 00 7 Total premium income 323102 28 8 Cash received for interest on mortgage loans 5607 13 10 Cash received for interest on premium notes loans or liens and collateral loans 6212 29 11 Cash received for interest on other debts due the company 4532 76 12 Cash received as discount on claims paid in advance interest on deferred prem iums 2189 31 13 Cash received for rents for use of com panys property 43 01 19 From ail other sources viz policy fees 1270 80 Total income 342957 58 Total 714565 68COMPTROLLERGENERALS REPORT 201 IIIDISBURSEMENTS DURING YEAR 1898 Cash paid for death claims including revisionary addi tions Cash paid for matured en dowments and additions thereto Cash paid for sums falling due during the year on in stallment policies 35461 32 6823 64 750 00 13 14 15 16 17 18 19 20 21 22 23 24 26 27 28 Total 43034 96 Total net amount actually paid for loss es and matured endowtaents Premium notes loans or liens used in pur chase of surrendered policies voided by lapse 142730 Surrender values paid in cash Surrender values applied to pay run ning premiums Surrender values applied to purchase paid up insurance and annuities Total paid policyholders 5227450 Cash paid stockholders for interest or dividends Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 12991645 renewals 1008354 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 1240180 inspection of risks 89790 Cash paid for salaries and all other com pensation of officers and other holme office employees Cash paid for taxes on new premiums and on renewals 570500 Cash paid for taxes on reserves on investments 2953 Cash paid for insurance department fees and agents licenses 123733 municipal licenses 31913 Cash paid for rent Cash paid for furniture fixtures and safes for home and agency offices Cash paid for advertising 350849 print ing 332279 postage 161924 Cash paid for real estate expenses otmr than taxes 5955 for legal expenses 441045 43034 96 1427 30 2329 24 2960 92 2522 08 5000 00 139999 99 33460 84 13299 70 31130 60 5705 00 29 53 1556 46 3252 00 445 82 8450 52 4470 on 202 COMPTROLLERGENERALS REPORT 29 Cash paid for the following items viz actual services 150000 exchange and collections 20618 fire insurance 475 miscellaneous expense 45224 tele grams 27950 telephone 18340 in ternal revenue 260995 express 20547 Total miscellaneous expenses 25224195 30 Total disbursements 5441 49 304516 45 31 Balance 410049 23 IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 800 00 2 Loans on mortgage first liens on real es estate 17823851 other than first liens 300000 181238 51 3 Loans secured by pledge of bonds stocks or other marketable collaterals 67989 05 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 35111 92 5 Premium notes loans or liens on policies ln force 15077 61 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 31000 00 7 Cash in companys office 2055 56 8 Cash deposited in banks 25385 27 9 Bills receivable 16759 77 10 Agents ledger balances of which was advanced during the year 27280 69 Tax sale certificates 7350 85 11 Total net or ledger assets as per balance above 410049 23 13 Total net or ledger assets less depreciation 410049 23 Other Assets 14 Interest due 706784 and accrued 3 53852 on mortgages 15 Interest due 41250 and accrued 36667 on bonds and stocks 16 Interest dm 61351 and accrued on collateral loans 17 Interest due and accrued 171728 on prdmium notes loans or liens 18 Intrst due and accrued 72230 on other assets 10606 36 779 17 613 51 1717 28 722 30COMPTROLLERGENERALS REPORT 203 Total carried out 20 Market value of real estate over cost 23 Gross premiums due and unreported on policies in force December 81 1898 24 Gross deferred premiums on policies in force December 31 1898 Totals 25 Deducting loading 50 per cent on new and 5 per cent on renewals New Business 45924 16 2875 46 48799 62 24399 81 24399 81 26 Net amount of uncollected and deferred premiums Extended 27 Furniture fixtures and safes 687273 Renewal 24358 72 12573 75 36932 47 1846 62 35085 85 28 Total assets as per the books of the company Items Not Admitted 2 Furniture fixtures and safes 687273 5 Agents balances not secured by bonds 7 Bills receivable unsecured 8 Supplies printed matter and stationery premiums notes or liens and net prem iums in excess of reserve 6872 73 13699 85 6717 04 7500 00 Total 14438 62 400 00 59485 66 6872 73 491246 24 34789 62 Total assets less items not admitted 456456 62 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1898 computed according to The Actuaries Table of Mortality with four per cent interest 354524 11 Deduct net value of risks of this com pany reinsured in other solvent compa nies 1995 89 Net reinsurance reserve 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 6 Claims for death losses and other policy claims resisted by the company 20500 00 8000 00 352528 22204 COMPTROLLERGENERALS REPORT 8 Present value of unpaid amounts on ma tured installment policies face 13250 9010 00 9 Amount of trust funds held by the compa ny 37510 00 Deduct due from solvent companies for reinsurance 14 729 54 Total policy claims 16 Amount of any other liability of the company viz premiums paid in advance 296092 Surrender values claimable on policies whose reserves are not included in item 1 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 19 Total liabilities 22780 46 2960 92 12000 00 390269 60 66187 02 456456 62 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or Hens on hand De cember 31 of previous year 16918 62 2 Premium motes loans or liens received during the year on old policies 257504 2575 04 Total Deductions during the year as follows Amount of notes loans or liens voided by IaPse 1427 30 Amount notes loans or liens redeemed by maker in cash 2 988 75 Total reduction of premium note account Balance note assets at end of the year Business in Georgia During 1898 Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year Number and amount of policies on the lives of citi zens of Georgia issued during the year 49s Total 512 Deduct number and amount which have erased to be in force during the year 26 Total number and amount of policies in force in Georgia December 31 1898 486 19493 66 4416 05 15077 61 Amount 22500 00 933844 18 956344 18 53000 00 903344 18COMPTROLLERGENERALS REPORT 205 Amount of losses and claims on policies in Georgia incurred during the year Total 1000 00 1000 00 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commis sions or other expenses Answer Cash 2000088 total 2000088 BUSINESS IN GEORGIA FOB YEAR ENDING APRIL 30 1899 Risks Premiums Losses Tax 1323083 96 25555 54 3000 00 255 55 ILLINOIS LIFE INSURANCE COMPANY CHICAGO ILLINOIS ICAPITAL STOCK 1 Amount of capital stock paid up in cash 100000 00 Extended at 100000 00 INCOME DURING THE YEAR 19 From all other sources viz Contributed by stockholders to surplus fundj Totalincome 15000 00 nIDISBURSEMENTS DURING YEAR 31 Balance IVASSETS AS PER LEDGER ACCOUNTS 8 Cash deposited in banks Deposited with State Insursnce Department Springfield Illinois 25000 00 125000 00 25000 00 100000 00 11 Total net ledger assets as per balance above 125000 0O BUSINESS IN GEORGIA FOR YEAR ENDING APBIL 30 1899 Risks Premiums Tax 110500 00 2509 11 25 m206 COMPTROLLERGENERALS REPORT THE MANHATTAN LIFE INSURANCE COMPANY NEW YORK N Y ICAPITAL STOCK 1 Amount of capita stock paid up in cash 100000 00 Amount ot net or lodger assets December 31 of previous year 14085722 78 Extended at 14085722 78 IIINCOME DURING YEAR 189S 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 192225 59 IY2 Cash received for renewal premiums without deduc tions for commissions or other expenses 1537681 00 3 Prom dividends applied to pay running premiums 28425 77 3 From dividends applied to purchase paidup additions and annuities 1474 33 4 From surrender values ap plied to purchase paidup insurance and annuities 83241 10 5 Consideration for annuities other than matured install ment policies 14873 43 Total 1857921 22 6 Deduct amount of prem iums paid to other compa nies for reinsurance on policies in this company new business 267400 re newals 852683 11200 83 7 Total premium income 1846720 39 8 Cash received for interest on mortgage oans 249678 15 9 Cash received for interest on bonds owned and dividends on stock 178486 09 10 Cash received for interest on premium notes loans or liens 50 9gg 23 11 Cash received for interest on other debts due the company 33 ggg 75 13 Cash received for rents for use of com panys property including 50000 for companys own occupancy 194220 56COMPTROLLER GENERALS REPORT 207 16 From dividends and surrender values on reinsurances 17 Premium notes loans or liens restored by revival of policies 437 12 752 64 Total income 2554969 93 Total 16640692 71 IIIDISBURSEMENTS DURING YEAR 1898 1 Cash paid for death claims including revisionary addi tions 1087382 07 3 Cash paid for matured en dowments and additions thereto 137523 00 Total 1224905 07 8 9 Total net amount actually paid for losses and matured endowments Cash paid to annuitants Premium notes loans or liens used dn pur chase of surrendered policies voided by lapse 1573320 Cash dividends paid policyholders Cash dividends applied to pay running premiums Cash dividends applied to purchase paidup additions and annuities 13 Surrender values paid in cash 15 Surrender values applied to purchase paid up insurance and annuities Total paid policyholders 157733739 10 11 12 1224 13 905 07 585 15 733 20 476 60 28425 77 1 193 474 33 496 17 83241 10 16 Cash paid stockholders for interest or dividends 20000 00 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 11192466 renewals 98 92032 annuities 74125 211586 23 18 Cash paid for salaries and allowances to managers and agents 55555 12 19 Cash paid for medical examiners fees 34 85590 inspection of risks 377720 38633 10 20 Cash paid for salaries and all other com pensation of officers and other home of fice employees 100348 23 21 Cash paid for taxes on premiums 14 96433 14964 33 22 Cash paid for taxes on reserves 190788208 COMPTROLLERGENERALS REPORT on real estate 2837876 30286 64 23 Cash paid for insurance department fees and agents licenses 195286 municipal and State licenses 396289 5915 75 24 Cash paid for rent including 50000 com panys occupancy fr4361 02 26 Cash paid for furniture fixtures and safes for home and agency offices 54 43 27 Cash paid for advertising 1721489 print ing and stationery 674205 postage 6 01221 29969 15 28 Cash paid for real estate expenses other than taxes 5477215 for legal expenses 1449375 69265 90 29 Cash paid for the following items viz Loss on securities temporary loans 6440 63 Sundry office and agency expenses 19 00016 U S Revenue taxes 403416 23034 32 Total miecel expenses 67041485 30 Total disbursements 2247752 24 31 Balance 14392940 47 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 3621554 16 2 Loans on mortgage first liens on real es tate 4775273 74 3 Loans secured by pledge of bonds stocks or other marketable collaterals 1176153 40 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 424975 40 5 Premium notes loans or liens on policies in force of which 53S952 was received during the year 453448 40 6 Cost value of bonds and stocks owned excluding accrued interest at time of pur chase 3487663 61 7 Cash in companys office 3201 44 8 Cash deposited in banks 450670 32 13 Total net or ledger assets less depreciation 14392940 47 Other Assets 14 Interest due 75S50 and accrued 90 0S842 on mortgages 90846 92 15 Interest due and accrued on bonds and stocks 3737 50COMPTROLLERGENERALS REPORT 20 16 Interest due and accrued on collateral loans 17 Interest due and accrued on premium notes loans or liens 18 Interest due and accrued on other assets 19 Rents due and accrued on companys prop erty or lease 5192 19 16665 36 1807 62 12233 35 Total carried out 20 Market value of real estate over cost 21 Market value of bonds and stocks over cost 23 Gross premiums due and un reported on policies in force December 31 1898 24 Gross deferred premiums on policies in force December 31 1898 Totals 25 Deducting cost of collection 55 per cent on new and 7 per cent on renewals New Buiie s ReiuwaE 111134 56 104803 34 4462 00 115596 56 63578 11 91852 Oft 196655 34 14749 x5 26 Net amount of uncollected and deferred premiums 52018 45 181906 19 Extended 27 Commuted commissions 15510225 Agents balances 6106346 of this amount 1482810 has been paid in cash since January 1st 130482 94 360726 34 204486 14 233924 64 155102 25 61063 46 28 Total assets as per the books of the company Items not Admitted 3 Commuted commissions 155102 25 5 Agents balances 6106346 less amount paid 46235 36 15538726 24 Total Total assets less items not admitted 201337 61 15337388 63 r LIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of Decem ber 1898 computed according to The Actuaries Table of Mortality with four per cent interest 13751187 00210 COMPTROLLERGENERALS REPORT Deduct net value ot risks of this com pany reinsured in other solvent com panies 11207 00 Net reinsurance reserve 13739980 00 3 Claims for death losses which have been reported and no proofs received 47522 00 4 Claims for matured endowments due and unpaid 4075 00 5 Claims for death losses in process of ad justment or adjusted and not due 87901 30 6 Claims for death losses and other policy claims resisted by the company 67967 00 Total policy claims 207465 30 10 Amount of all unpaid dividends of surplus or other prof its due policyholders 16703 84 16 Amount of any other liability of the company viz Premiums paid in advance 1093551 liability on lapsed policies 457600 15511 51 Commission due to agents on premium notes when paid 6156 09 17 Liabilities on policyholders account 13985816 ii 18 Gross surplus on policyholders account 1351571 89 19 Total liabilities 15337388 63 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or lions on hand De cember 31 of previous year 496851 23 2 Premium notes loans or liens received during the year on new policies on old policies 141823 06 Total 638674 29 Deductions during the year as follows Amount of notes loans or liens used in payment of losses and claims 33229 33 Amount of notes loans or liens used in purchase of surrendered policies 12165 98 Amount of notes loans or liens voided by lapse 15733 20 Amount of notes loans or liens used in payment of dividends to policyhold ers 833 81 Amount of notes loans or liens re deemed by maker in cash 123263 57 Total reduction of premium note account 185225 89 185225 89 Balance note assets at end of the year 453448 40COMPTROLLERGENERALS REPORT 211 Business m Georgia During 1898 Ko Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of prevous year 876 1971152 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 39 74222 00 Total 915 2045374 00 Deduct number and amount which have ceased to be in force during the year 67 153570 00 Total number and amount of policies in force in Georgia December 31 1898 848 1891804 00 Amount of losses and claims on policies in Georgia incurred during the year 10 24170 00 Total 10 24170 00 Amount of losses and claims on policies in Georgia paid during the year 10 24170 00 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash Notes or credits total 5193968 BUSINESS IN GEOKGIA POP YEAR ENDING APRIL 30 1899 Risks 2065497 00 Premiums 5448 05 Losses 10450 00 Tax 504 48 MARYLAND LIFE INSURANCE COMPANY BALTIMORE MD ICAPITAL STOCK 1 Amount of capital stock paid up in cash 100000 00 Amount of net or ledger assets Dacember 31 of previous year 1812842 61 Less aocounts discharged Debit balance against certain former agents and over due interest coupons included in sale of bonds 520829 and account charged off last year and subsequently paid 5145 5156 84 Extended at 1807685 T212 COMPTROLLERGENERALS REPORT II INCOME DURING YEAR 1S98 1 Cash received for premiums on new policies without deductions for commissions or other expenses 200146 31 Yz Cash received for renewal premiums without deduc tions for commissions or other expenses 20014G 31 2 Premium notes loans or liens taken in part pay ment for renewal premiums 669 00 3 From dividends applied to pay running premiums 12412 85 3 From dividends applied to purchase paidup additions and annuities 1292 41 4 From surrender values ap plied to pay running prem iums 714 40 5 Consideration for annuities other than matured install ment policies 1154 56 Total 216389 53 6 Deduct amount of prem iums paid to other compa nies for reinsurance on policies in this company new business 164707 renewals 631134 7958 41 7 Total premium income 208431 12 8 Cash received for interest on mortgage loans 17190 67 9 Cash received for interest on bonds owned and dividends on stock 53546 92 10 Cash received for interest on premium notes loans or liens 1118 98 11 Cash received for interest on other debts due the company 3813 86 13 Cash received for rents for use of com panys property 10303 47 14 Cash received for profits on sales of bonds or stocks 544389 5443 89 16 From surrender values on reinsurances 589 08 Total income 300438 59 Total 2108124 36COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS DURING YEAR 1898 1 Cash paid for death claims including revisionary addi tions H4045 97 2 Premium notes loans or liens used in payment of the same 676 00 3 Cash paid for matured en dowments and additions thereto 16303 00 Total 131024 97 6 Deduct amount received from other companies for losses and matured endowments 5500 00 213 7 Total net amount actually paid for losses and matured endowments 125524 97 8 Cash paid to annuitants o57 16 9 Preminum notes loans or liens used in purchase of surrendered policies voided by lapse 189200 and premium notes charged off 60758 2499 58 9V2 Premium notes loans or liens used in payment of dividends to policyholders 488 08 10 Cash dividends paid to policyholders 366 24 11 Cash dividends applied to pay running premiums see item 3 income 11924 77 12 Cash dividends applied to purchase paid up additions and annuities see item 3y2 Income I292 4i 13 Surrender values paid in cash 10938 72 14 Surrender values appliedto pay running premiums see item 4 Income 714 40 Returned premiums 09 1 16 Cash paid stockholders for interest or divi dends 6000 00 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 1702794 renewals 8 42163 on annuities 5165 25501 22 18 Cash paid for salaries and allowances to managers and agents 6423 73 19 Cash paid for medical examiners fees 2 79300 2793 00 20 Cash paid for salaries and all other com pensation of officers and other home office employees 22516 61 21 Cash paid for taxes on new premiums 35168 on renewals 111211 1463 79214 COMPTROLLERGENERALS REPORT 22 Cash paid on investments 5 on real es tate 306473 3069 73 23 Cash paid for insurance department fees and agents licenses 43023 municipal licenses 123362 1663 85 24 Cash paid for rent including 67000 com panys occupancy less 11000 received under sublease 560 00 27 Cash paid for advertising 145866 print ing 116404 2622 70 28 Cash paid for legal expenses 121583 1215 83 29 Cash paid for the following items viz postage 77701 Are insurance account 29433 library bureau 53925 sundry expenses 365080 war tax account 27893 examination expense account 41900 loss on securities sold etc 10 93225 16941 S7 30 Total disbursements 245287 67 31 Balance 1862836 69 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 226254 60 2 Leans on mortgage first liens on real es tate 262459 33 3 Loans secured by pledge of bonds stocks or other marketable collaterals 18000 00 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 53004 00 5 Premium notes loans or liens on policies in force of which about 65000 is for first years premiums 19145 68 6 Cost value of bonds and stocks owned excluding accrued interest at time of purchase 1166 7 Cash in companys office 8 Cash deposited in banks and in trust com panies 95 9 War premium loans 10 Agents ledger balances 3 Dividends and interest due in January 236520 interest etc in default on mortgages 84786 3213 06 Open accounts and judgments secured 1356938 suspended accounts 6999 coupon accounts 1500 office furni ture 65777 15797 14 390 39 950 24 051 29 775 00 782 26 COMPTROLLERGENERALS REPORT 215 11 Total net or ledger assets as per balance above I864822 12 Deduct ledger liabilities agents credit balance 92918 and other 105712 1986 30 13 Total net or ledger assets less depreciation 1862836 69 Other Assets 14 Interest due and accrued 461013 on mort 4610 18 gages 15 Interest due and accrued 545882 on bonds and stocks 5458 82 16 Interest due and accrued 40914 on col lateral loans 409 14 18 Interact due and acarued 41558 on other assets 41558 19 Rents due 97232 and accrued on com panys property or lease 972 32 Total carried out U866 04 21 Market value of bonds and stocks over cost 78591 29 23 Gross premiums due and unreported on policies in force December 31 1898 12727 54 24 Gross deferred premiums on policies in force December 31 1898 18214 54 Total 30942 08 25 Deducting loading 20 per cent on new and 20 per cent on renewals 6138 42 6 Net amount of uncollected and deferred premiums 24753 66 Extended 24753 66 28 Total assets as per the books of the company 1978047 68 Items Not Admitted Judgments and open accounts 1356938 furniture 65777 14227 i5 5 Agents balances 3782 26 7 Suspended accounts and overdue coupons 1569 99 8 Depreciation in real estate 45o4 60 Total 2413400 Less ledger liabilities deducted above 1986 30 22147 0 9 Total assets less items not admitted 1955899 9218 COMPTROLLERGENERALS REPORT VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1898 computed according to The Actuaries Table of Mortality with four per cent interest 1648064 00 Deduct net value of risks of this company reinsured in other solvent companies 28249 00 Net reinsurance reserve 1619815 00 3 Claims for death losses due and unpaid un claimed 2031 98 4 Claims for matured endowments due and unpaid unclaimed 219 66 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 25802 33 6 Claims for death losses and other policy claims awaiting proof 10098 81 Claims for death losses awaiting receipts 790 76 Total policy claims 33943 54 Deduct reinsurance 2000 00 36943 54 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 4460 37 11 Amount of unpaid dividends to stockholders 1 20 16 Amount of any other liability of the company viz prem iums paid in advance 88308 special reserve for war risks 89500 other indebtedness 109010 286S IS 17 Liability on policyholders account 1664088 29 18 Gross surplus on poicyholders account 291811 69 19 Total liabilities 1955899 98 20 Estimated surplus accrued on ton tine or other policies the profits upon which are especially reserved for that class of policies 63740 42 21 Estimated surplus accrued on all other policies 2280712 VI PREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De camber 31 of previous year 17649 14 2 Premium notes loans or liens received luring the year on old policies 77465 774 65 Total 1S42S 79COMPTROLLERGENERALS REPORT 217 Deductions during the year as follows Amount of notes loans or liens used in payment of losses and claims Amount of notes loans or liens voided by lapse Amount of notes loans or liens used in payment of dividends to policyhold ers Amount of notes loans or liens re deemed by maker in cash Total reduction of premium note account Balance note assets at end of the year Business in Georgia During 1898 676 00 1892 00 488 OS 19 00 2075 OS 1534S 71 No Number and amount of policies on the lives of citi zens of Georgia in force December 31 of pre vious year estimated Number and amount of policies on the lives of citi zens of Georgia issued during the year 71 287 Total Deduct number and amount which have ceased to be in force during the year 358 90 AmounL 555270 00 123650 00 673920 00 178380 00 Total number and amount of policies in force in Georgia December 31 1898 estimated Amount of losses and claims on policies in Georgia incurred during the year including one endow ment Total Amount of losses and claims on policies in Georgia paid during the year 268 6 6 4 500540 00 15380 00 15380 00 11380 00 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash notes or credits total 1506634 ISINI SS IN GEORGIA FOR YEAR ENDIVG AIMIII 30 1899 Risks Premiums Dosses Tax 425500 00 15433 43 4000 Ml 154 33218 COMPTROLLERGENERALS REPORT THE MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY SPRINGFIELD MASS ICAPITAL STOCK 1 Amount of capital stock paid up in cash Extended at 19117443 65 IIIXCOME DUEIXG YEAR 1898 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 588377 17 lVz Cash received for renewal premiums without deduc tions for commissions or other expenses 2864436 33 2 Premium notes loans or liens taken in part payment for renewal premiums 163554 80 3 From dividends applied to pay running premiums see item 11 Disbursements 424497 98 3 From dividends applied to purchase paidup additions see item 12 Disburse ments 53240 57 4 From surrender values ap plied to purchase paidup insurance see item 15 Dis bursements 7819 00 Total 4101925 85 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new busi ness 1237540 renewals 4648323 58858 63 7 Total premium income 4043067 2 8 Cash received for interest on mortgage Ioans 378177 68 9 Cash received for interest on bonds owned and dividends on stock 340939 10 10 Cash received for interest on premium notes loans or liens including loans on companys polities and collateral loans 176896 60 11 Cash received for interest on other debts due the company 15 793 71 12 Cash received at discount on claims paid in advance 403 74 COMPTROLLERGENERALS J 13 Cash received for rents for use of companys property including 600000 for 1G From dividends and surrender values on 17 Premium notes loans or liens restored REPORT 219 30437 57 13157 76 4911 47 5003784 85 24121228 50 IIIDISBURSEMENTS DURING YE 1 Cash paid for death claims including revisionary additions 1278722 17 ut 1898 1515953 69 66825 99 65088 34 21450 92 426390 85 53240 57 431435 30 2 Premium notes loans or liens used in payment of the same 22107 54 3 Cash paid for matured endowments and additions 4 Premium notes loans or liens used in the payment of same 1942 56 5 Cash paid for sums falling due during the year on installment policies 13777 98 Total 1544103 69 6 Deduct amount received from other companies for lasses or claims on policies of this 7 Total net amount actually paid for losses 9 Premium notes loans or liens used in purchase of surrendered policies and 9 Premium notes loans or liens used in payment of dividends to policyholders 10 Cash dividends paid to policyholders 11 Cash dividends applied to pay running premiums see item 3 Income 42449798 including interest on loan notes 1 892 87 12 Cash dividends applied to purchase paidup additions see item ZVt Income 220 COMPTROLLERGENERALS REPORT 15 Surrender values applied to purchase paid up insurance see item 4 Income 781900 including interest 119035 9009 35 Total paid policyholders 258939501 17 Cash paid for commissions to agents less commission on reinsurance new poli cies 28578547 renewals 22242184 503207 31 18 Cash paid for salaries allowances and trav eling expenses to managers and agents 75293 08 19 Cash paid for medical examiners fees 4555650 45556 50 20 Cash paid for salaries and all other com pensation of Officers and other home office employees 115326 10 21 Cash paid for taxes on new premiums and on renewals 30132 57 22 Cash paid for taxes on reserves 25 39924 on real estate 706755 32466 79 23 Cash paid for insurance department fees and agents licenses 1018417 municipal and State licenses 250714 12691 31 24 Cash paid for rent including 600000 com panys occupancy less 18900 received under sublease 28792 74 26 Cash paid for furniture fixtures and safes for home and agency offices 2041 86 27 Cash paid for advertising 1098962 print ing and stationery 2250322 postage and war revenue tax 2945274 62945 58 28 Cash paid for real estate expenses other than taxes 1250021 for legal expen ses 791608 20416 29 29 Cash paid for all other items 20315 60 Profit and loss including 4647700 prem iums on securities purchased 68066 83 Total miscel expenses 51404530 30 Total disbursements 3 611647 6 81 Balance 77777 20509580 88 Invested in the following IVASSETS As IlOR LEDGER ACCOUNTS 1 Co t value of real estate exclusive of all incumbrances 490577 45 2 Loans on mortgage first liens on real es estate 8248271 08 3 Loans secured by pledge of bonds stocks or other marketable collaterals 245400 00 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 1833681 37COMPTRO LLERGENERALS REPORT 221 5 Premium notes loans or Hens on policies in force of which 16355480 was re ceived during the year less 623389 given for reinsurance 712966 82 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 7903116 65 7 Cash in companys office 560 97 8 Cash deposited In banks 1069006 54 13 Total net or ledger assets 20509580 88 Other Assets 14 Interest due 198075 and accrued 118 78340 on mortgages 15 Interest due 525000 and accrued 106 30413 on bonds and stocks 16 Interest due 25973 and accrued 27 24239 on collateral and policy loans 17 Imerest due and accrued 2138900 on premium notes loans or liens 18 Interest due and accrued 6076 on other assets 19 Rents due and accrued 412697 on com panys property or lease 120764 15 111554 13 27502 12 21389 00 60 76 4126 97 Total carried out 21 Market value of bonds and stocks over cost 23 Gross premiums due and in raported on policies in force December 31 1898 24 Gross deferred premiums on policies in force December 31 1898 Totals 25 Deducting loading 20 per cent on new and 20 per cent on renewals 26 Net amount of uncollected and deferred premiums Extended Ntw Business 74611 10 76276 60 150887 70 30177 54 Renewals 136748 53 408576 32 545324 85 109064 97 120710 16 436259 88 285397 13 683500 22 556970 04 28 Total assets as per the books of the company 22035448 27222 COMPTROLLERGEXERALS REPORT VLIABILITIES 1 Net present valus of all the outstanding policies in force on the 31st day of De cember 1898 computed according to The Actuaries Table of Mortality with four per cent interest 1965315000 rever sionary additions 26597600 19919126 00 Deduct net value of risks of this company reinsured in other solvent compan nies 25901700 less premiums de ferred and in course of collection 14 42300 244594 00 Net reinsurance reserve 19674532 00 5 Claims for death losses and matured en dowments in process of adjustment 109721 00 8 Present value of unpaid amounts on matured installment policies face 15656177 156561 77 Total policy claims 109721 00 10 Amount of all unpaid dividends of surplus or other de scription of profits due and to become due policyhold ers 128389 63 16 Amount of any other liability of the company viz premiums paid in advance 674071 6740 71 17 Liabilities on policyholders account 20075945 11 18 Gross surplus on policyholders account 1959503 16 19 Total liabilities 22035448 27 VI PREMIUM NOTE ACCOIXT 1 Premium notes loans or liens on hand De cember 31 of previous year 723279 24 2 Premium notes loans or liens received dur ing the year on old policies 163554 80 Premium notes loans or liens restored by revival of policies 4911 47 Total 891745 51 Deductions during the year as follows Amount of notes loans or liens used in payment of losses and claims 24050 10 Amount of notes loans or liens used in purchase of surrendered policies and voided by lapse 66825 99 Amount of notes loans or liens used in payment of dividends to policyholders 65088 34COMPTROLLERGENERALS REPORT Amount of notes loans or liens redeemed by maker in cash 16580 37 Total reduction of premium note account 223 172544 80 Balance note assets at end of the year 719200 71 Business in Georgia During 1898 Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous No Amount year 768 2218243 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 427 838500 00 Total 1195 3056743 00 Deduct number and amount which have ceased to be in force during the year 228 475944 00 Total number and amount of policies in force in Georgia December 31 1898 967 2580799 00 Amount of losses and claims on policies in Georgia incurred during the year 9 21360 00 Total 21360 00 Amount of losses and claims on policies in Georgia paid during the year 5 15500 00 What amount of premiums was collected or secured during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 8439092 notes or credits 73470 total 8512562 BUSINESS IN GEORGIA FOR YEAR ENDING APEllL 30 1S99 Risks 2928564 00 Premiums 94988 84 Losses 29360 00 Tax 949 88 METROPOLITAN LIFE INSURANCE COMPANY OF NEW YORK I CAPITAL STOCK 1 Amount of capital stock paid up in cash 2000000 00 Amount of net or ledger assets December 31 of previous year 35577468 47 Less return to agents in 1898 of bond de posits 7670 64 Extended at 35569797 83224 COMPTROLLERGENERALS REPORT IIINCOME DURING YEAR 1S9S 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 2718116 48 1 Cash received for renewal premiums without deduc tions for commissions or other expense 20633103 35 5 Consideration for annuities other than matured in stallment policies 21549 86 Total 23372769 69 7 Total premium income 23372 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and dividends on stock 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the company 13 Cash received for rents for use of com panys property including 13841500 for companys own occupancy 19 From all other sources 372769 69 697993 33 541113 94 60950 74 19820 OS 414912 02 30398 12 Total income 25137957 92 Total 60707755 75 IIIDISBURSEMENTS DURING YEAR 1898 1 Cash paid for death claims including revisionary addi tions 7691942 55 Total 7691942 55 7 Total net amount actually paid for losses and matured endowments 7691942 55 8 Casn paid to annuitants 10 Cash dividends paid policyholders 13 Surrender values paid in cash Total paid policyholders 841803054 16 Cash paid stockholders for interest or divi dends 17 Cash paid for commissions and bonuses to agents less commission on reinsur ance new policies 77824596 renew als 292962608 on annuities 58744 2302 50 487314 54 236470 95 140000 00 3705459 48COMPTROLLERGENERALS REPORT 225 18 Cash paid for salaries and allowances to managers and agents 2218644 08 19 Cash paid for medical examiners fees 24592465 inspection of risks 237 74008 483664 73 20 Cash paid for salaries and all other com pensation of officers and other home office employees 1185 in number 1011795 06 21 Cash paid for taxes on new premiums and on renewals 18059532 internal reve nue 4313225 223727 57 22 Cash paid for taxes on reserves 6 37462 on investments 11059 on real estate 4772462 54209 83 23 Cash paid for insurance department fees and agents licenses 2696634 municipal licenses 621761 33183 95 24 Cash paid for rent including 13841500 companys occupancy 261526 99 25 Cash paid for commuting commissions 1074074 92 26 Cash paid for furniture fixtures and safes for home and agency offices 63600 44 27 Cash paid for advertising 1825833 printing and stationery 28878476 post age expressage exchange telegraph 8142226 388465 35 28 Cash paid for real estate expenses other than taxes 11948171 for legal and investigation expenses 9002040 209502 11 29 Cash paid for the following items viz Fire insurance 231255 directors and committees 228500 4597 55 Traveling expenses supts supervisors inspectors etc 11345040 agents surety bond 1131356 branch office expenses 16691016 291674 12 General home office expenses 8407152 Total miscel expenses 1025119770 30 Total disbursements 18669228 24 31 Balance 42038527 51 Invested in the folowing IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 8833619 99 2 Loans on mortgage first liens on real es tate 16250725 00226 4 5 6 7 10 11 13 COMPTROLLERGENERALS REPORT Loans made in cash to policyholders on this companys policies assigned as col lateral 62719 94 Premium notes loans or liens on policies in force 494936 80 Cost value of bonds 1221822491 and stocks 133600057 owned excluding accrued interest at time of purchase 13554225 48 Cash in companys office 244147 80 Cash deposited in banks National Shoe and Leather Bank N Y 116101946 Hamilton Trust Co Brooklyn 472 58820 Metropolitan Trust Co N Y 40219156 1st Natl Bank Bay City Mich 100000 Vermily Co Bank ers N Y 50093698 2537736 20 Agents ledger balances 10416 30 Total net or ledger assets as per balance above 42038527 51 Total net or ledger assets less depreciation 42038527 51 Other Assets 14 15 17 18 19 21 Interest due 4921349 and accrued 227 51273 on mortgages 276726 22 Interest due 2046875 and accrued 93 05461 on bonds and stocks 113523 36 Interest due 7486 and accrued 25463 on premium notes loans or liens 329 49 Interest due 10250 and accrued 10 82708 on other assets 10929 58 Rents due 1274773 and accrued 3 09264 on companys property or lease 15840 37 Total carried out Market value of bonds and stocks over cost 417349 02 398811 52 23 Gross premiums due and un reported on policies in force December 31 1898 24 Gross deferred premiums on policies in force December 31 1898 New Business 126612 86 Totals 25 Deducting loading 49 per cent on new and 9 per cent on renewals 240571 95 Rtnewals 82397 08 364350 30 360993 52 490963 16 443390 60 42122 11H COMPTROLLER GENERALS REPORT 227 26 Net amount ot uncolleeted and deferred premiums 250391 21 401268 49 Industrial premiums 18 92006 less 15 per cent 16082 06 Extended 667741 76 28 Total assets as per the books of the company 43522429 81 Items Xot Admitted 5 Agents balances 10416 30 Premium notes or loans and net prem iums in Item 22 in excess oE reserve on policies 237106 15 Total 247522 45 9 Total assets less items not admitted 43274907 36 VLIABILITIES Net present value etc for annuities 28803 00 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1898 computed according to The Actuaries Table of Mortality with four per cent interest 33481058 00 33509861 00 Deduct net value of risks of this company reinsured in other solvent companies 2688 00 Net reinsurance reserve 33507173 00 3 Claims for death losses which have been reported and no proof received 64325 00 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 97896 92 Total policy claims 162221 92 10 Amount of all unpaid dividends or surplus or other de scription of profits due policyholders 21752 04 13 Amount due on account of salaries rents and office ex panses 127788 70 16 Amount of any other liability of the company viz Premiums paid in advance 11996816 agents bond deposits 4518488 165153 04 Special reserve 1831577 00 Surplus set aside for dividends to policyholders 1899 70000000 balance surplus 675924166228 COMPTROLLERGENERALS REPORT 17 Liabilities on policyholders account 35815665 70 18 Gross surplus on policyholders account 745924166 19 Total liabilities 43274907 3K Business in Georgia During 1898 No Amomt Number and amount of policies on the lives of citi zens of Georgia in force December 31 of pre vious year 415 473012 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 558 548734 00 Ttal 973 1021746 00 Deduct number andamount which have ceased to be in force during the year 238 236000 00 Total number and amount of policies in force in Georgia December 31 1898 685 785746 00 Amount of losses and claims on policies unpaid De cember 31 of previous year 1 2500 00 Amount of losses and claims on polioies in Georgia incurred during the year 3 1105 72 Total 4 3695 72 Amount of losses and claims on policies in Georgia paid during the year 2 605 72 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Bisks 3891270 00 Premiums 124875 31 Losses 31300 97 Tax 1248 75 THE MICHIGAN MUTUAL LIFE NSUK ANCE COMPANY DETROIT MICHIGAN ICAPITAL STOCK 1 Amount of capital stock paid up in cash 250000 00 a Amount of net or ledger assets December 31 of previous year 5423386 72 b Deduct on account of unadmitted assets bills receivable charged out 8953 45 Extended at K414 433 27COMPTROLLERGENERALS REPORT 229 IIINCOME DURING YEAR 1898 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 152744 49 li Cash received for renewal premiums without deduc tions for commissions or other expenses 691074 13 2 Premium notes loans or liens taken in part payment for premiums on new policies 12703 27 2 Premium notes loans or liens taken in part payment for renewal premiums 157572 30 3 From dividends applied to pay running premiums 27031 62 3J From dividends applied to purchase paidup additions and annuities 15577 17 4 From surrender values ap plied to pay running pre miums 0279 92 Total 1062982 90 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 811305 renewals S10 61396 18727 01 7 Total premium income 1044255 89 8 Cash received for interest on mortgage loans 252721 91 9 Cash received for interest on bonds owned and dividends on stock 262 50 10 Cash received for interest on premium notes loans or liens 43010 68 11 Cash received for interest on other debts due the company 3407 54 13 Cash received for rents for use of companys property 18108 08 14 Cash received for real estate 484965 all other 17510 4924 75 16 From dividends and surrender values on re insurances 851 18 Total income 1367540 53 Total 6781973 80230 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS DURING YEAR 1898 1 Cash paid for death claims including revisionary addi tions 286910 73 3 Cash paid for matured endow ments and additions there to 80163 24 Total 367073 97 Total net amount actually paid for losses and matured endowments 367073 97 9 Voided by lapse 6795 57 10 Cash dididends paid policyholders 2723 37 11 Cash dividends applied to pay running pre miums 27031 62 12 Cash dividends applied to purchase paidup additions and annuities 15577 17 13 Surrender values paid in cash 154962 28 14 Surrender values applied to pay running premiums 6279 92 Surrender values applied to pay notes on defaulted policies 40898 79 Surrender values applied to pay interest on notes of defaulted policies 3748 59 Total paid policyholders 62509128 16 Cash paid stockholders for interest or divi dends 25000 00 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 11397186 renewals 51 50398 165475 S4 18 Cash paid for salaries and allowances to managers and agents 38854 64 19 Cash paid for medical examiners fees 14073 66 20 Cash paid for salaries and all other compen sation of officers and other home office employees 41279 65 21 Cash paid for taxes on new premiums 2 45903 on renewals 1305363 15512 66 22 Cash paid for taxes on real estate 733 22 23 Cash paid for insurance department fees and agents licenses 178115 municipal licenses 168260 3463 75 24 Cash paid for rent 11293 75 25 Losses on sales of real estate 31825 97 26 Cash paid for furniture fixtures and safes for home and agency offices 126591 revenue stamps 314783 4413 74 27 Cash paid for advertising 585647 print ing 718018 postage 475015 17786 80 8 Cash paid for real estate expenses other than taxes 803652 for legal expenses fii53203 14568 55COMPTROLLERGENERALS REPORT 231 29 Cash paid for the following items viz Profit and loss agents balances S7035 bills receivable 25104 1121 39 Loss on mortgage principal and interest 692 56 General expense recording fees office sup plies subscriptions etc 12866 26 Total miscellaneous expenses 40506244 30 31 Total disbursements 1030153 72 Balance 5751820 OS 7 8 10 11 13 14 15 16 17 20 21 IVASSETS AS PER LEDGER ACCOUNTS a Cost value of real estate exclusive of all incumbrances 507305 87 Loans on mortgage first liens on real es tate 4402673 28 Loans secured by pledge of bonds stocks or other marketable collaterals 300 00 Loans made in cash to policyholders on this companys policies assigned as col lateral 524037 54 b Premium notes loans or liens on poli cies in force 91880 43 c Cost value of bonds and stocks owned excluding accrued interest at time of purchase 25000 00 Cash in companys office 36475 26 Cash deposited in banks 157937 68 Agents ledger balances 6210 02 Total net or ledger assets as per bal ance above 5751820 08 Total net or ledger assets less depreciation 5751820 OS Other Assets Interest due 5393353 and accrued 71 87677 on mortgages 125810 33 Interest due and accrued 25000 on bonds and stocks 250 00 Interest due and accrued 330 on collateral loans 3 30 Interest due 634348 and accrued 9 67400 on premium notes loans or liens 16017 48 Interest due and accrued 78000 on other assets 780 00 Rents due and accrued 262870 oh companys property or lease 2628 70 Total carried out Market value of real estate over cost Market value of bonds and stocks over cost Due from other companies for losses or claims on policies of this company reinsured 145489 81 10514 18 1375 00 12583 32Ziii COMPTROLLERGENERALS REPORT 23 Gross premiums due and un reported on policies in force December 31 189S 24 Gross deferred premiums on policies in force December 31 1898 Totals 25 Deducting loading GO per cent on new and 6 per cent on renewals 26 Net amount of uncollected and deferred premiums Reserve on resisted death claim 28 New Business 17585 17 5992 07 23577 24 14146 34 9430 90 Renewals 27524 23 27415 38 54939 61 3296 37 51643 24 61074 14 2369 00 Total assets as per the books of the company 5985225 53 Items Xot Admitted 5 Agents balances not secured by bond 4431 93 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1S9S computed according to the Actuaries Table of Mortality with four per cent interest 5545502 00 Net reinsurance reserve 5 545 5Q0 00 2 Premium notes in excess of the net value of their polices 3 Claims for death losses due and unpaid 6 Claims for death losses and other policy claims resisted by the company 2101 96 34 60 16375 00 Total policy claims 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 13 Amount due on account of salaries rents and office ex penses 16 Amount of any other liability of the company viz pre miums paid in advance 18511 61 644 77 8275 35 13916 00 17 Liabilities on policyholders account 5586849 73 18 Gross surplus on policyholders account 398375 SO VIPRBMIfM NOTE ACCOUNT Premium notes loans or liens on hand De cember 31 of previous year 96107 64 Premium notes loans or liens received dur ing the year on new policies S1270307 on old policies 15757230 170 275 57 Total 266383 21COMPTROLLERGENERALS REPORT 233 Amount of notes loans or liens used in pur chase of surrendered policies 40898 79 Amount of notes loans or liens voided by lapse 6795 57 Amount of notes loans or liens redeemed by maker in cash 126808 42 Total reduction of premium note account Balance note assets at end of the year Business in Georgia During 1898 No 139 Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year Number and amount of policies on the lives of citizens of Georgia issued during the year 105 Total 244 Deduct number and amount which have ceased to be in force during the year 59 Total number and amount which have ceased to be in force in Georgia December 31 1898 185 Amount of losses and claims on policies in Georgia in curred during the year 1 Total 1 Amount of losses and claims on policies in Georgia paid during the year 1 174502 11 91880 43 Amoun 402421 55 267174 84 669596 39 210253 73 459342 66 10000 00 10000 00 10000 00 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash1322889 notes or credits 85102 total 1407991 BUSINESS IN GEORGIA FOR THE YEAR ENDING APRIL 30 U Risks Premiums Losses Tax 508810 01 14946 48 149 46 MUTUAL BENEFIT LIFE INSURANCE COMPANY NEWARK N J ICAPITAL STOCK 1 Amount of capital stock paid up in cash 2 Amount of capital subscribed but unpaid Amount of net or ledger assets Decem ber 31st of previous year 61096824 32 Extended at 6106824 32234 COMPTROLLERGENERALS REPORT IIINCOME DURING YEAH 189S 1 Cash received for premiums on new polices without de ductions for commissions or other expenses 1100701 96 1J Cash received for renewal premiums without deduc tions for commissions or other expenses 5571103 97 2 Premium notes loans or liens taken in part payment for premiums on new policies 73 450 97 2J Premium notes loans or liens taken in part pay ment for renewal premiums 571882 88 3 From dividends applied to pay running premiums 1142905 90 3J From dividends applied to purchase paidup additions and annuities 332022 91 4 From surrender values appli ed to pay running premi ums 15850 33 4 From surrender values ap plied to purchase paidup insurance and annuities 243449 31 5 Consideration for annuities other than matured install ment policies 106149 02 Total 9158117 25 7 Total premium income 915S117 25 8 Cash received for interest on mortgage loans 1967335 69 9 Cash received for interest on bonds owned and dividends on stock 610758 12 10 Cash received for interest on premium notes loans or liens 274780 32 11 Cash received for interest on other debts due the company 3S0463 91 12 Cash received as discount on claims paid in advance ss9 83 13 Cash received for rents for use of companys property 137384 58 17 Premium notes loans or liens restored by revival of policies 12876 14 Total income 12542605 40 Total 73 639429 72COMPTROLLERGENERALS REPORT 235 120910 38 303003 04 6795 01 2550 00 IIIDISBURSEMENTS DURING YEAR 1893 1 Cash paid for death claims including revisionary addi tions 3379999 03 2 Premium notes loans or liens used in payment of the same 3 Cash paid for matured en dowments and additions thereto 4 Premium notes loans or liens used in the payment of the same 5 Cash paid for sums falling due during the year on in stallment policies Total 3813257 46 7 Total net amount actually paid for losses and matured endowments 8 Cash paid to annuitants 9 Premium notes loans or liens used in pur chase of surrendered policies 218 51055 voided by lapse 1879571 9 Premium notes loans or liens used in pay ment of dividends to policyholders 10 Cash dividends paid policyholders 11 Cash dividends applied to pay running pre miums 21 Cash dividends applied to purchase paid up additions and annuities 13 Surrender values paid in cash 14 Surrender valuesapplied to pay running pre miums 15 Surrender values applied to purchase paid up insurance and annuities Total paid policyholders 7260688 68 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 51474543 renewals 414 48787 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examinersfees 104 32955 20 Cash paid for salaries and all other com pensation of officers and other home of fice employes 21 Cash paid for taxes on premiums 8262152 internal revenue stamps 12 50966 22 Cash paid for taxes on reserves 1014718 on investments 17957199 3813257 46 51527 07 237306 26 7077 27 274105 23 1142905 90 332 622 91 1142 586 94 15850 33 243449 31 929233 30 24545 72 104329 55 216477 31 95131 18 195719 17236 COMPTROLLERGENERALS REPORT 23 Cash paid for insurance department fees and agents licenses 905951 municipal licenses 3094071 25 Losses on sales of real estate 329436 on securities 733750 26 Miscellaneous office expenses 27 Cash paid for advertising 2387451 print ing 1183267 28 Cash paid for real estate expenses offer than taxes 5503886 for legal expenses 1982209 total 29 Cash paid for the following itemsviz Pre miums on bonds purchased Amounts charged off from real estate to cover possible depreciation Total miscellaneous expense 1 788 382 30 Total disbursements 40000 22 10631 86 72378 13 35707 18 74860 95 188424 87 50000 00 1 31 Balance 9298128 12 64341301 60 IVASSETS AS PER LEDGER ACCOUNTS 1 Real estate exclusive of all incumbrances 2930514 61 2 Loans on mortgage first liens on real es 32355960 38 tate 3 Loans secured by pledge of bonds stocksor other marketable collaterals 4014500 00 4 Loans made in cash to policyholders on this companys policies assigned as collat eral or secured by terms of policy 5313566 00 5 Premium notes loans or liens on policies in force of which 7204248 was received during the year 4597822 22 6 Par value of bonds and stocks owned ex cluding accrued interest at time of pur case 14236817 05 7 Cash in companys office 40 272 04 8 Cash deposited in banks 831424 25 10 Agents ledger balances 20425 05 11 Total net or ledger assets as per balance m abVe 64341301 60 13 Total net or ledger assets less depreciation 64341301 60 Other Assets 14 Interest due 6946987 and accrued 711 93318 on mortgages 781403 05 lo Interest due and accrued 145 13731 on bonds and stocks 145137 31 16 Interest due and accrued 118 64866 on collateral loans us q gtCOMPTROLLERGENERALS REPORT 237 17 Interest due and accrued 114 94555 on premium notes loans or liens 114945 55 Total carried out 1160134 57 21 Market value of bonds and stocks over par 899194 87 New Business Rentwas 23 Gross premiums due and un reported on policies in force December 31st 1898 24 Gross deferred premiums on policies in force December 31st1898 Totals 25 Deducting loading 44 per cent on new and 20 per cent on renewals to re duce renewals to net 26 Net amount of uncollected and deferred premiums 105433 38 222341 31 106654 21208 10 527372 42 749 713 73 93318 76 149 942 75 Extended 599770 98 718540 32 118769 34 28 Total assets as per the books of the company67119171 36 Items not admitted 5 Agents balances Total 29425 05 20425 05 9 Total assets less items not admitted 67098746 31 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of Decem ber 1898 computed according to the Ac tuaries Table of Mortality with four per cent interest 60877939 00 Net reinsurance reserve 6087739 00 4 Claims for matured endowments due and unpaid 19375 00 5 Claims for death losses in process of adjust ment and not due 180274 57 6 Claims for death losses and other policy claims resisted by the company 26163 00 8 Present value of unpaid amounts on matur ed installment policies face 3200000 24317 56 Death losses which have been reported and no proofs received 180000 00 Total policy claims 430130 13 10 Amount of all unpaid dividends of surplus or other des cription of profits due policyholders 350840 C9 13 Amount due on account of salaries renls and office ex penses estimated 20000 00 16 Amount of any other liability of the company viz Pre miums paid in advance 22768 47238 COMPTROLLERGENERALS REPORT 17 Liabilities on policyholders account 61701677 69 18 Gross surplus on policyholders account 5397068 62 19 Total liabilities 67098746 31 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 4546901 76 2 Premium notes loans or liens received dur ing the year on new policies 73450 97 on old policies 58475902 658209 99 Total 5205111 75 Deductions during the year as follows Amount of notes loans or liens used in payment of losses and claims 127705 39 Amount of notes loans or liens used in purchase of surrendered policies 218510 55 Amount of notes loans or liens voided by laPse 18795 71 Amount of notes loans or liens used in payment of dividends to policyholders 7077 27 Premium notes loans or liens redeemed by maker in cash 235200 61 Total reduction of premium note account p07 289 53 Balance note assets at end of the year 4 597822 22 Business in Georgia during 1898 Number and amount of policies on the lives of citi Amo zens of Georgia in force December 31 of previous year 2192 5291914 00 Number and amount of policies en the lives of citi zens of Georgia issued during the year 54 1159783 03 TotaL 2756 6451702 00 Deduct number and amount which have ceased to be in force during the year 403 gl968 Total number and amount of policies in force in Geor gia December 88t 189S 0353 5030017 00 Amount of losses and claims on policies in Georgia incurred during the year g 3452000 Amount of losses and claims on policies in Georgia paid during the year 18 3A20 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses divi dends commissions or other expenses Answer Total 19298803 BUSINESS IN GEORGIA FOB year BSTDING APRIL 30 1899 i8kS 5320926 00 fremmms 19706231 ISSeS 2250000 Iax 1970 62COMPTROLLERGENERALS REPORT 239 THE MUTUAL LIFE INSURANCE COMPANY OF NEW YORK N Y 1CAPITAL STOCK 1 No capital stocka purely mutual company Amount of net or ledger assets December 31st 1897 less de ductions of 156503097 from value of real estate236630175 7 II INCOME DURING YEAR 1898 As Shown by the Books at the Home Office at Close of Business Dec 31st 1 From premiums on new poli cies less interest included in deferred premiums 8 40209 ard 2299538 for first years reinsurance and excluding revivals after first y3ar 5123553 96 4 From dividends applied to pur chase new paidup addi tions see item 10 Disburse ments 2255244 85 6 From surrender values ap plied to purchase new paid up insurance see item 13 Disbursements 2107504 08 Total new premiums 9486602 89 2 From renewal premiums less interest included in de ferred premiums 122 97936 and 196370 for re newal reinsuranc 29701865 21 5 From surrender values ap plied by policyholders to pay renewal premiums sec item 12 Disbursements 758819 54 Total renewal premiums 30460684 75 7 Consideration for annuities 2371460 87 Total premium income 42318748 51 9 Rents from companys prop erty including 175000 for companys own occupancy 980760 23 in From interest on mortgage loans 3515599 29 11 From interest on collateral loans including 241735 on policy loans 421950 00 12 From interest on bonds and dividends on stocks 6156603 68240 COMPTROLLERGENERALS REPORT 13 From interest on other debts due the company and on deposits in banks 221147 11 14 From interest on deferred premiums 131381 45 Total rents and interest 11427441 76 15 Profit on sales of real estate 10888462 on sale of securities 107493909 bad debts recovered 687545 1190699 16 16 Mortuary bond deposits 69740 00 Total income 55006629 43 Total 291636805 21 IIIDISBURSEMENTS DURING YEAR 1898 As Shown by the Books at the Home Office at Close of Business Dec 31st 1 Paid for death claims 12 30103441 additions 964 87359 13265908 00 2 For matured endowments 205210500 additions 26635690 2318461 90 5 Total amount actually paid for losses and matured endowments 15584369 90 6 Paid to annuitants 1029992 60 10 Dividends applied to purchase new paidup additions see item 4 Income 2255244 85 11 Surrender values paid in cash 3015428 38 12 Surrender values applied by policyholders to pay renewal premiums see item 5 Income 758819 54 13 Surrender values applied to purchase new paidup insurance see item 6 Income 2107804 08 Total paid policyholders 2475165935 15 Cash paid for commissions and bonuses to agents less commissions on reinsur ance new policies 348588622 renewal policies 188078540 on annuities 11011222 5476783 84 17 Cash paid for agency expenses 1142418 95 18 Cash paid for salaries of officers and home office employees who receive no other compensation 692847 61 19 Cash paid for medical examiners fees and salaries 33104824 inspection of risks 9656337 427611 61COMPTROLLERGENERALS REPORT 241 20 Cash paid for insurance department fees taxes on premiums and reserves and agents licenses 411796 32 21 Cash paid for taxes on real estate 194 06770 United States stamp taxes 30 20909 224276 79 22 Cash paid for examinations by State insur ance departments 50142 28 23 Cash paid for repairs and expenses other than taxes on real estate 427593 5l 24 Cash paid for rent 175000 00 25 Cash paid for advertising 22960580 printing and stationery 47352384 postage and telegraph 13009288 833222 5 26 Cash paid for legal expenses 266403 95 27 Losses on sales of real estate 516286 on sales of securities 216900 733186 28 Cash paid for exchange 4856654 ex press freight and duty 2801771 sun dry expenses 27558384 profit and loss had debts 578220 35950 29 Total Miscellaneous expenses 1049337953 Total disbursements 35245038 88 Balance 256391766 33 Invested in the following TVLEDGER ASSETS as Per Ledger Accounts Shown by the Books at the Home Office at Close of Business December 31st 1 Book value of real estate 20604649 61 2 Mortgage loans on real estate 68503580 90 3 Loans secured by pledge of bonds stocks or other collateral 9349500 on policies 4713900 9396619 00 6 Book value of bonds owned excluding in terest 12083413784 stocks i24833 3008 145667413 92 7 Cash in companys office 3065657 deposi ted in banks 1161072079 1162137 36 8 Suspense 32344230 agents debit bal ances 33067625 654118 55 Total 256447789 34 Deduct Ledger Liabilitie 9 Agents credit balances 4668025 all other 934276 56023 01 Total net ledger assetsas per balance above 256391766 33242 COMPTROLLERGENERALS REPORT XONLEBGER ASSETS 10 Interest due 19678390 and accrued 82433006 on mortgages 1021113 96 11 Interest accrued on bonds 971964 87 12 Interest due 1902772 and 65485 on collateral loans accrued 6 25682 57 14 Interest accrued on other assets 53338 56 15 Rents due 3025959 and accrued 73 53771 on companys prope Total ty 103797 30 26 17 Market value as per quotations December 31st not in eluding interest see item 11 of bonds and stocks over 41 18 Gross premiums due and un reported on policies on which at leait one pre mium had been paid in force December 31st 1898 35776 07 2465829 22 19 Gross deferred premiums on policies on which at least one premium had been paid in force December 31st 1898 Totals 132258 80 2083154 73 168034 87 4548983 95 21 Deduct cost of collection 68 per cent on new and 6 per cent on renewals Net amount of uncollected 117621 11 284311 50 22 and deferred premiums Gross assets December 31 50410 46 1898 4264672 45 4315082 91 SWS 171 445 91 DEDUCT Assl IS NOT ADMITTED 3 Agents debit balances 33067625 suspense 32344230 654118 55 36 VNcNll XiEl LIABILITIES As Shown by the Books at the Home Office at Close of Business Dec 31st 1 Net present value of all the policies in force on the 31st cember 1898 computed accoi outstanding day of Deding to The Actuaries Table of Mortality with four per cent interest as per certificate of Tn Hursnce Department of New York 204281651 00 Same for reversionary additions 15072516 00 COMPTROLLERGENERALS REPORT 243 Same for annuities including those in re duction of premiums 11961620 00 Total231315787 00 Deduct net value of risks of this company reinsured in other solvent companies 3463 00 Net reserve 231312324 00 3 Claims for matured endowments due and unpaid papers not completed 125166 42 5 Claims for death losses in process of ad justment or adjusted and not due 636062 21 7 Claims for death losses and other policy claims resisted 212796 30 S Amounts due and unclaimed on annuities 94139 97 Total policy claims 1068164 90 11 Amount due and accrued on account of salaries rents office expenses or other expense items 24072 02 12 Amount of premiums paid in advance 240449 78 13 Liability under nonforfeiture clause of lapsed poli cies 329004 98 14 Amount of any other liability of the company viz for mortuary bonds 84625 00 Liabilities on policyholders account 233058640 68 Contingent guarantee fund 42238684 68 Divisible surplus 2220000 0044458684 68 Total liabilities 277517325 36 Business in Georgia During 1898 No AinnurT Number and amount of paid policies in force Decem ber 31 1897 5960 15460327 00 Number and amount of policies paid during the year 927 2677000 00 Total 6887 18137327 00 Deduct number and amount which have ceased to be in force during the year 1001 2829090 92 Total number and amount of paidfor policies in force in Georgia December 31 1898 5886 15308236 08 Number and amount of losses and claims incurred during the year 75 240283 92 Total 5 240283 92 Number and amount of losses and claims on policies paid during the year 75 240283 92244 COMPTROLLERGKNERALS REPORT What amount of premium was collected or secured during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 49320071 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1S99 Risks 15657459 00 Premiums 502584 67 Losses 210685 49 Tax 5025 88 MUTUAL LIFE INSURANCE COMPANY OF LOUISVILLE KY ICAPITAL STOCK 1 Amount of capital stock paid up 100000 00 Extended at 2612331 21 IIINCOME DURING THE YEAR 1 Cash received for premiums on new policies without deductions for commissions or other expenses 119340 21 1 Cash received for renewal premiums without deduc tions for commissions or other expenses 290289 05 2 Premium notes loans or liens taken in part payment for premiums on new poli cies 11984 92 2 Premium notes loans or liens taken in part payment for renewal premiums 10669 82 3 From dividends applied to pay running premiums see item 11 Disbursements 42454 16 4 From surrender values ap plied to purchase paidup insurance and annuities see item 15 Disburse ments 15000 00 Total 489738 16 7 Total premium income 489738 16 8 Cash received for interest on mortgage loans 101052 15 9 Cash received for interest on bonds owned and dividends on stock 17146 15COMPrKOLLERUENEKALS REPORT 215 10 Cash received for interest on premium notes loans or liens and loans on col lateral 11 Cash received for interest on other debts due the company 12 Cash received at discount on claims paid in advance 13 Cash received for rents for use of com panys property 10757 59 16504 46 217 30 5630 52 Total income Total IIIDISBURSEMENTS DVJRIXG YEAR 1898 1 Cash paid for death claims including revisionary addi tions 2 Premium notes loans or liens used in payment of the same Cash paid for matured en dowments and additions thereto 220502 00 76 00 32028 00 Total 252606 00 Total net amount actually paid for losses and matured endowments 9 Premium notes loans or liens used in pur chase of surrendered policies 874000 voided by lapse 1320012 9 Premium notes loans or liens used in payment of dividends to policyholders 10 Cash dividends paid to policyholders 11 Cash dividends applied to pay running premiums see itettn 3 Income 13 Surrender values paid in cash 15 Surrender values applied to purchase paid up insurance and annuities see item 4 Income 16 Cash paid stockholders for interest or divi dends 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 7878397 renewals 12 71082 19 Cash paid for medical examiners fees 1813402 20 Cash paid for salaries and all other com pensation of officers and other home office employees 52606 00 21940 12 355 77 11793 49 42454 16 49803 50 15000 00 7000 10 641046 33 3253377 54 91494 79 18134 02 25149 84246 COMPTROLLERGENERALS REPORT 21 Cash paid for taxes on new premiums 251427 2514 27 22 Cash paid for taxes on reserve 40028 54 23 Cash paid for insurance department fees and agents licenses 137339 municipal licenses 531293 6686 32 24 Cash paid for rent 1866 83 25 Agents traveling expenses 1653 71 26 Salaries agents and managers 5500 00 27 Cash paid for advertising 191427 print ing 517672 7090 99 28 Cash paid for real state expenses other than taxes 356358 for legal expen ses 958116 13144 74 29 Cash paid for the following Helms viz Postage 211946 revenue tax 42555 ex investments 7256 exchange S364 profit and loss 65010 incidental expen ses 497307 loss on real estate sold 27539 8599 77 Total miscel expenses 22886382 30 Total disbursements 622816 86 31 Balance 2630560 68 Invested in the following IVASSETS AS PEH LETXJEH ACCOUKTS 1 Cost value of real estate exclusive of all incumbrances 269979 37 2 Loans on mortgage first liens on real estate 1433773 06 3 Loans secured by pledge of bonds stocks or other marketable collaterals 156473 19 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 241706 67 5 Premium notes loans or liens on policies in force of which 633423 is for 1st years premiums 55704 67 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 389862 92 7 Cash in companys office 13911 74 8 Cash deposited in banks 48992 50 9 Loans on renewal commissions 1400 00 10 Agents ledger balances 18756 56 11 Total net or ledger assets as per balance above 2630560 68 13 Total net or ledger assets less depreciation 2630560 68COMPTROLLERGENERALS REPORT Other Assets 14 Interest due 8496378 and accrued26 23203 on mortgages 111245 81 15 Interest due and accrued 407910 on bonds and stocks 4079 10 16 Interest due 164324 and accrued 722685 on collateral loans 8870 09 17 Interest accrued 391738 on loans on policies 3917 38 18 Interest due 4900 and accrued 4083 on other assets 89 83 247 Total carried out 21 Market value of bonds and stocks over cost 23 Gross premiums due and un reported on policies in force December 31 1898 24 Gross deferred premiums on policies in force Decem ber 31 1898 Totals 25 Deducting loading on new and on renewals 26 Net amount of uncollected and deferred premiums New Business 49205 36 9398 06 58603 42 29301 71 29301 71 Renewals 10055 75 18316 07 28371 82 1134 87 27236 95 Extended 128202 21 24618 75 56538 66 28 Total assets as per the books of the company 2839920 30 Items Not Admitted 1 Companys stock owned loans on 3 Commissions payable to agents on pre mium notes when paid 5 Agents balances 7 Loans on collections 500 00 3167 12 18756 56 1400 00 Total 23823 68 9 Total assets less items not admitted 2816096 62 VLIABILITIES 1 Net present value af all the outstanding policies in force on the 31st day of De cember 1893 computed according to The Actuaries Tafole of Mortality with four per cent interest 2638163 00248 COMPTROLLERGENERALS REPORT Deduct net value of risks of this com pany reinsured in other solvent compa nies 292 00 Net reinsurance reserve 16 Amount of any other liability of the company viz Premiums paid in advance 101459 Contingent liability 3000000 agents balances 1 09907 2637871 00 1014 59 31099 07 17 Liabilities on policyholders account 2669984 66 18 Gross surplus on policyholders account 146111 96 19 Total liabilities 20 Estimated surplus accrued on tontine or other policies the profits upon which are especially reserved for that class of policies 21 Estimated surplus accrued on all other policies 2816096 62 7500 00 138611 96 VI PREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 57937 48 2 Premium notes loans or Hens received during the year on new policies 11 98492 on old policies 1066982 22654 74 Total Amount of notes loans or liens used in payment of losses and claims Amount of notes loans or liens used in purchase of surrendered policies Amount of notes loans or liens voided by lapse Amount of notes loans or liens used in payment of dividends to policyhold ers Amount of notes loans or liens re deemed by maker in cash Total reduction of premium note account Balance note assets at end of the year Business in Georgia During 1898 592 Ij 76 00 8740 00 13200 12 i 355 77 1257 83 account 24887 55 e year 55704 67 Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 850 1400000 00COMPTROLLERGENERALS REPORT 249 Number and amount of policies on the lives of citi zens of Georgia issued during the year 214 357350 00 Total 1064 1757350 00 Deduct number and amount which have ceased to be in force during the year 328 373499 00 Total number and amount of policies in force in Georgia December 31 1898 736 1378851 00 Amount of losses and claims on policies in Georgia incurred during the year 12 14485 00 Total 12 14485 00 Amount of losses and claims on policies in Georgia paid during the year 12 14485 00 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 3268300 Notes or credits 490240 Total 3758540 BUSINESS IN lEORHIA FOR YEAR ENDING APR IT 30 1899 Risks 717502 00 Premiums 21184 37 Dosses 20593 00 Tax 211 84 NEW ENGLAND MUTUAL LIFE INSURANCE CO BOSTON MASS I CAIITi I STOCK Amount of net or ledger assets December 31 of previous year 25470144 58 IIINCOME DURING YEAR 1898 1 Received for premiums on new policies without deductions for commissions or other ex penses 425742 50 1 Received for renewal premi ums without deductions for commissions or other ex penses 2360081 97 3 From distributions applied to pay running premiums 507544 85 3J From distributions applied to purchase paidup additions 21692 85250 COMPTROLLERGENERALS REPORT 41 From surrender values applied to purchase paidup insurance 23192 18 7 Total premium income 3339254 41 8 Cash received for interest on mortgage loans 289269 45 9 Cash received for interest on bonds owned and dividends on stock 583052 15 10 Cash received for interest on premium notes loans or liens 101852 85 11 Cash received for interest on other debts due the company collateral loans and bank balances 76892 86 12 Cash received as discount on claims paid in advance 3171 80 13 Cash received for rents for use cf companys property 107273 92 Total income 4500772 44 Total 29970917 02 III DISBURSEMENTS DUBING THE YEAR 1 Cash paid for death claims including revisionary addi I tionsj 2 Premium notes loans or liens j used in payment of the same J 3 Cash paid for matured and dis1 counted endowments and I additions thereto 4 Premium notes loans or liens f used in the payment of same J 1644010 07 240053 00 7 Total net amount actually paid for losses and matured and discounted endowments 9 Premium notes loans or liens voided by lapse 94 Premium notes loans or liens used in payment of dividends to policy holders 10 Cash distributions paid policy holders 11 Cash distributions applied to pay running premiums 12 Cash distributions applied to purchase paid up additions 13 Surrender values paid in cash and notes 15 Surrender values applied to purchase paid up insurance 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 233535 05 renewals 12830532 18 Cash paid for salaries and allowances to managers and agents 10 lash paid for medical examiners fees 20 Cash paid for salaries and all othercompen sation of officers and other home office em ployees 1891593 07 44387 97 35S70 80 507544 85 21002 85 508750 25 23192 18 361840 37 43407 80 2702 00 135915 10COMPTROLLERGENERALS REPORT 251 21 Cash paid for taxes on premiums 35402 50 22 Cash paid for taxes on reserves 25845 97 23 Cash paid for insurance department fees and agents licenses 750520 municipal licenses 155608 9061 28 24 Cash paid for rent 25538 97 25 Cash paid for commuting commissions 6000 32 26 Cash paid for furniture fixtures and safes for home and agency offices 5845 73 27 Cash paid for advertising S66103 print ing and stationery 2031197 postage 402822 63001 22 28 Cash paid for real estate expenses other than taxes 5026335 for legal expenses 491395 55177 30 20 Cash paid for the following items viz U S internal revenue 508518 tax on real estate 2930295 34388 13 Travel Telegraph and Telephone service periouicals documents light express exchange and all other general items and incidentals at home office and agencies 40769 20 Balance of profit and loss account 26580 45 Total miscellaneous expenses 86996480 30 Total disbursements 3029586 31 Balance 26041330 71 IV ASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all in cumbrances 2320705 89 2 Loans on mortgage firstliens on real estate i748745 00 3 Loans secured by pledge of bonds stocks or other marketable collaterals 1536855 98 4 Loans made in cash to policy holders on this companys policies assigned as collateral 07575s 04 5 Premium notes loans or liens on policies in force 206036 21 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 13044784 47 s ash deposited in banks 11 is444 22 13 Total net or ledger assets less depreciation 26041330 71 OTHER ASSETS 14 Interest due 5451700 and accrued 68 91400 on mortgages 12343100 15 Interest due and accrued 3478400 on bonds and stocks 34784 00 16 Interest due 200000 and accrued 12 81050 on collateral loans 14810 50252 17 19 21 23 24 25 26 COMPTROLLERGENERALS REPORT Interest due 189000 and accrued 30 03950 on premium notes loans and liens 31929 50 Rents due 230213 and accrued 1424787 on companys property or lease 16550 00 Total carried out Market value of bonds and stocks over cost New Busiaes Gross premiums due and unre ported on policies in force De cember 31 1898 26980 13 Gross deferred premiums on pol icies in force Dec 31 1898 68029 00 Totals 95009 13 Deducting 20 per cent loadinng 19001 82 Net amount of uncollected and deferred premiums 76007 31 Renewals 165826 92 373252 88 539079 80 107815 96 221505 00 1338966 73 431253 84 507271 15 Total assets less items not admitted 28109073 59 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1898 computed according to the Actuaries Table of Mortality with four per cent interest 25432909 21 Net reinsurance reserve 3 Claims for death losses due and unpaid 4 Claims for matured endowments due and unpaid 5 Claims for death losses in process of adjust ment 6 Claims for death losses and other policy claims resisted by the company 7 Deaths reported but no proofs received Total policy claims 10 Amount of all unpaid distributions of surplus or other de scription of profits due policy holders 17 Liabilities on policy holders account 18 Cross surplus on policy holderss account Total liabilities 5432909 21 94414 00 15233 00 5000 00 3000 00 118321 00 215998 00 147830 98 Business in Georgia During Year 1898 No Number and amount of policies on the lives of citizens in said Stataio force December3 of previous year 42 25816738 19 2292335 40 28109073 59 Amount 146787 hiCOMPTROLLERGENERALS REPORT 253 Number and amount of policies on the lives of citizens of said State issued during the year 40 118715 00 Total 82 205502 00 D duct number and amount which have ceased to be in force during the year 5 10S44 00 Total number and amount of policies in force in said State December 31 1898 77 254658 00 Amount of losses and claims on policies in said State incurred during the year 1 5219 00 Total 1 5219 00 Amount of losses and claims on policies in said State paid during the year 1 5219 00 Amount of premiums collected or secured in said State during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Cash 600890 notes or credits 223900 total 824791 BUSINESS IN QEOBGIA FOR YEAR ENDING APRIL 30 1S99 Risks Premiums Losses Tax 336626 00 9234 14 92 34 THE NEW YORK LIFE INSURANCE COMPANY OF NEW YORK N Y icapital stock Amount of invested assets December 31st 1897 less re ductions in real estate valuations voluntarily made by the company in 1898 150000000188563055 95 IIINCOME 1898 1 Cash received for premiums on new policies except annuities without deduc tion for commissions or other expenses 6054499 73 2 Cash received for annuities granted in 1898 1322312 65 3 Cash dividends of 1898 ap plied by the policyholder to purchase paidup insur ance 372794 14 4 Total new premiums 7749606 52 5 Received for renewal pre miums without deduction for commissions or other expenses 27621408 80254 COMPTROLLERGENERALS REPORT 6 Cash dividends of 1898 ap plied by the policyholder to pay running premiums 332739 57 7 Surrender values applied by the policyholder to pay running premiums 33785 35 8 Total renewal premiums 27987933 72 9 Total gross premiums 35737540 24 10 Deduct amount of pre miums paid to other com panies for reinsurance on policies in this company new business 4S70006 renewals 5619162 104891 68 11 Total premium income less reinsurances 35632648 5fi 12 Interest on bonds owned 574081856 and divi dends on stock 221 78050 5962599 06 13 Interest on mortgage loans 1940937 42 14 Rents for use of com panys property 875741 38 15 Interest on loans to policy holders 52608889 on pre mium notes and other pre mium obligations 10254978 628638 67 16 Interest on bank and trust company deposits etc 196804 60 17 Interest on collateral loans 188546 82 18 Total interest and rents 9793267 95 19 Deposits on account registered bond policy 6000 00 Total income 45431916 51 Total 233995002 4fi This company does not regard or enter as premium receipts the re serves on old policies surrendered for paidup insurance Ill lllSTIltiSKM iTS HI IMNfi year 1898 1 Death claims and dividend additions thereto 1028040S 41 2 Matured endowments and ad ditions thereto 3636550 55 Total 13916958 96COMPTROLLERGENERALS REPORT 255 3 Dsduct amount received from other companies for losses on policies of this company reinsured 20607 95 10 11 12 13 14 15 16 17 IS 19 Net amount paid for losses and endow ments 13896351 01 Cash paid annuitants 1494627 57 Dividends paid policyholders Used to buy new insurance 37279414 to pay running premiums 33273957 2759431 65 Surrender values Cash 127056488 ap plied to pay running premiums 3378535 1304350 23 Reserve values paid on matured deferred dividend policies only the profits on such are included in dividends Item 6 2050824 00 Instalments paid on trust policies and on registered bond policies 14281 44 Total paid policyholders 2151986590 Payments to agents First years commis sions bonuses and advances of every kind 332090433 renewal commissions including commuted commissions 392 09873 107259762 439350195 Salaries and allowances for foreign and domestic agencies including those to managers agents and clerks 1161364 36 Home office salary account officers and clerks 643882 38 Medical examiners fees and salaries 355 24489 inspection risks 9418288 449427 77 Taxes licenses and fees of all kinds 486207 70 Rent 367884 23 Advertising account 16180530 printing stationery and bookbinding 244 91166 406716 96 Postage exchange cablegrams telegrams telephone express cartage freight etc 325183 34 Real estate charges 163664 63 Ail other items Equipment account coal water gas furniture fixtures supplies fire and surety insurance and all other miscellaneous expenses 22049531 legal notarial and consul fees traveling ex penses of agents inspectors and all other officials 36075848 581253 79 Total miscel expenses 897908711 Total disbursements 30498953 01 Balance invested as stated 203496049 45256 COMPTROLLERGENERALS REPORT IVASSETS Book value of bonds 11568703405 and stocks 453208607 owned market value 12763045083 December 31 1898 120 Loans secured by first mortgage number 777 on real estate Real estate 68 pieces unencumbered Cash account Banks and trust companies deposits Loans on companys policies assigned as collateral Legal reserve to secure same 1600000000 Premium notes on policies in force Le gal reserve to secure same 250000000 Loans secured by pledge of bonds and stocks market value 922970200 Agents ledger balances 69689708 sus pense account 7361983 20219120 12 39002757 58 16539000 00 8434785 79 9818600 00 1320423 21 7390845 84 770516 91 10 11 12 13 14 Total invested assets 203496049 45 Market value of bonds and stocks over book value as stated 7411330 71 Interest due and accrued on bonds owned 804831 93 Interest clue and accrued on bond and mort gage loans 436454 91 Interest accrued on policy loans 140528 82 Rents due and accrued on companys property 23570 16 Interest accrued on collateral loans and bank deposits 35100 29 15 16 17 18 Gross premiums uncollected December 31 189 Gross deferred premiums De cember 31 1898 New Business Renewals 2400198 00 396366 00 2051101 00 Total 396366 00 4451299 00 Deduct 65 per cent from new premiums and 5 per cent from renewals 257638 00 222565 00 Net amount of uncollected and deferred premiums 138728 00 4228734 00 19 Total 4367462 00 Total 13219278 82 Gross assets December 31st 1898 216715328 27 Deduct Item 8 agents balances etc pursuant to regu lations of insurance department 770516 91 Total admitted assets per certificate of insurance de partment 215944511 36COMPTROLLERGENERALS REPORT 257 V LIABILITIES 1 Net present value of all outstanding poli cies and additions thereto in force De cember 31st 1898 as computed according to The Actuaries or Combined Experi ence Table of Mortality with 4 per cent interest by the New York State Insur ance department 176046278 00 2 Deduct net value of risks reinsured 336029 00 Total net reserve per certificate of insurance de partment 175710249 00 3 Claims for death losses reportedfull proofs not received 973566 16 4 Claims for death losses in process of pay ment proofs completed 315629 36 5 Claims for matured endowments papers not completed 186518 10 6 Claims for death losses resisted by the company 49000 00 7 Amount due for annuities claims not pre sented 122223 28 Total policy claims 1646936 90 8 Dividends due policyholders payable on anniversaries of policies 159545 92 9 Premiums paid in advance 273161 01 10 Amount of policy trust funds held by the company 278739 64 Total miscellaneous items 711446 57 178068632 47 Additional policy reserve voluntarily set aside by the company 2838626 00 Surplus reserved funds voluntarily set aside by the company 26411234 00 Other funds for all other contingen cies 8623318 8937876178 89 Total liabilities 215944811 36 BUSINESS IN GEORGIA DURING 1898ON THE BASIS OP PAIOFOR BUSINESS NIV Nn Amount dumber and amount of paidfor insurances and ad ditions on lives of citizens of Georgia in force December 31 of previous year 6295 14609388 00 Number and amount of new paidfor insurance on lives of citizens of Georgia paid for during the Vear 1426 2743980 00 Tctal 7721 17353368 00258 COMPTROLLERGENERALS REPORT Discount number and amount which have ceased to be in force during the year 954 1888290 00 in force during the year 954 1838290 00 Total number and amount of paidfor insurance in force in Georgia December 31 1898 6767 15465078 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 6 9513 98 Amount of losses and claims on policies in Georgia incurred during the year 64 201027 21 Total 70 210541 19 Amount of losses and claims on policies in Georgia paid during the year 65 192080 19 What amount of premiums was collected or secured in Georgia without any deduction for losses dividends commissions or other expenses Answer 54969656 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 16992000 00 Premiums 564390 89 Losses 157055 18 Tax 5643 91 NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY MILWAUKEE WIS Amount of net or ledger assets Dec 31 of previous year 98406878 80 IIINCOME DURING THE YEAR 1898 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 2238173 21 1J Cash received for renewal premiums without deduc tions for commissions or other expenses 13087117 71 3 Prom dividends applied to pay running premiums 1006490 08 3J From dividends applied to purchase paidup additions and annuities 266231 94 4 Fromsurrender values applied to pay running premiums 206 10 5 Consideration for annuities other than matured install ment policies 33906 53 7 Total premium income 16634530 67 S Cash received for interest on mortgage loans 3719315 53COMPTROLLERGENERALS REPORT 259 8 Interest on loans made to policyholders on this companys policies assigned as col lateral 294790 23 9 Cash received for interest on bonds owned 901430 00 10 Cash received for interest on premium notes loans or liens 36076 66 11 Cash received for interest on other debts due the company and on deposits in bank 79468 02 12 Cash received as discount on claims paid in advance no claims discounted but ma turing endowments 1548985 interest on deferred premiums 13318050 138670 35 13 Cash received for rents foruse of companys property including 35300 for companys own occupancy 271917 31 Cash received for profits on sale or maturity of securities 9074250 real estate 27 52813 118270 63 From all other sources viz Commuted commissions refunded for renewals re deemed 2882381 adjustment of real estate values 8224618 excess of pre mium notes restored overlapsed 1 85723 collected account bad debt charg ed off 1037 112937 59 II 19 Total income 22307406 99 Total 120714285 79 IIIDISBURSEMENTS DURING TIIS YEAH 1898 1 Cash paid for death claims in cluding revisionary additions3848813 11 3 Cash paid for matured and dis counted endowments and ad ditions thereto 774616 00 5 Cash paid for sums falling due during the year on install ment policies 20803 16 7 Total net amount actually paid for loans and matured endowments 4644232 27 8 Cash paid to annunitants 5731 79 10 Cash dividends paid policyholders 576287 75 11 Cash dividends applied to pay running pre miums 1006490 08 12 Cash dividends applied to purchase paidup additions and annuities 266236 94 13 Surrender values paid in cash 784494 64 14 Surrender values applied to pay running premiums 2606 10 17 Cash paid for commissions to agents new policies 95629648 renewals 1045 69293 on annuities 33050 2002319 91200 COMPTROLLERGENERALS REPOR l 19 Cash paid for medical examiners fees 12355050 inspection of risks 1870192 142252 42 20 Cash paid for salaries and all other compen sation of officers and other home office employes 390605 92 21 Cash paid for taxes on new premiums and renewals 178010 04 22 Cash paid for taxes on reserves 1030902 on real estate 86578 37 internal reve nue taxes 3235279 129240 7S 23 Cash paid fjr insurance department fees and agents licenses 1241326 municipal and State licenses 829164 20704 90 24 Cash paid for rent including 35300 com panys occupancy 35300 00 25 Cash paid for commuting commissions 2070 Si 20 Cash paid for furniture fixtures and safes for home and agency offices 2783 58 27 Cash paid for advertising 3257 printing and statnery 43971 postage 7405587 121883 87 27 Losses on sales of real estate 2842 49 28 Cash paid for real estate expenses other than taxes 2220132 for legal expenses 5863377 80 895 09 29 Cash paid for the following items viz Loan expenses 10321229 real estate expen ses 13159668 exchange 1607898 freight and express 017971 expense trustees and executive committee 36 22325 loss expenses 3000 traveling expenses 715302 adjustment of real estate values 5027075 judgment for commissions on property sold 32945 agency loss 20022 expense insurance commissioners examinations 233220 363242 55 30 Total disbursements 10765431 74 31 Balance10994854 05 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 1 Book value of real estate exclusive of all incumbrances 3816901 64 2 Loans on mortgage first liens on real estate 72012604 79 4 Loans made in casli to policyholders on this companys policies assigned as col lateral 6003357 00 5 Premium notes loans or liens on policies in force 320346 55 6 Book value of bonds owned excluding ac crued interest at time of purchase 22520094 47COMPTROLLERGENERALS REPORT 261 7 8 10 11 14 15 17 18 19 21 23 Cash in companys office 282111 75 Cash deposited in banks 5026783 97 Agents debit balances 7710 71 Total109995910 88 Deduct agentscredit balancss 4367253 all others 338430 47056 83 Total net or ledger assets as per balance above100948854 05 Other Assets Interest due 34667062 and accrued 832 04446 on mortgages 1178715 08 Interest due 38810 and accrued 371 53761 on bonds 410347 61 Interest due 141 and accrued 10412 14 on premium notes loans or liens 10553 14 Interest due 2596385 and accrued 183 00733 on other assets policy loans 208971 18 Rents due 150716 and accrued 1886246 on companys property or lease 20369 62 Total 1828956 63 Market value of bonds over book value 1673302 01 New Business Renewals dross premiums due and urire ported on policies in force Dec 31 1898776685 00 409040 00 Gross deferred premiums on pol icies in force Dec 31 1898 192550 00 1139255 00 25 26 38 5 9 Totals969235 00 154825 00 Deduct loading 41 410 per cent on new and 7 310 percent on renewals 401263 29 113025 53 Net amount of uncollected and deferred premiums 567971 71 1435269 47 2003241 18 Total assets as per the books of the company115454353 87 Items Not Admitted Agents balances 7710 71 Total assets less items not admitted115446643 16 V TIAIBILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1898 computed according to the Actuaries Table of Mortality with four per cent interest 89069 843 00 Net reinsurance reserve 89069843 00 3 Claims for death losses due and unpaid 65283 80262 COMPTROLLERGENERALS REPORT 4 Claims for matured endowments due and unpaid 38174 00 5 Claims for death losses and matured endow ments in process of adjustment or ad justed and not due 311303 43 6 Claims for death losses and other policy claims resisted by the company 26500 00 7 Amounts due and unpaid on annuity claims 12661 on installment policies 100 226 61 8 Present value of unpaid amounts on matur ed installment policies face 28427652 210625 30 9 Death losses which have been reported and no proofs received 133270 00 Total policy claims 785383 14 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders including those contingent on payment of outstanding and deferred pre premiums estimated 143298 00 13 Bills accounts commissions medical fees etc due or accrued 74516 50 16 Amount of any other liability of the company viz Pre miums paid in advance estimated 6000 surplus ac cumulations held to meet tontine and semitontine pol icy contracts approximate 19005174 19011174 00 17 Liabilities on policyholders account109084214 64 18 Gross surplus on policyholders account 6362428 52 19 Total liabilities 115446643 18 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 352435 18 2 Preminm notes loans or liens received dur ing the year on old policies 64754 55 3 Premium notes loans or liens restored by revival of policies 8013 76 Total 425203 40 Deductions during the year as follows Amount of notes loans or liens used in pay ment of losses and claims 22011 21 Amount of notes loans or liens used in pur chase of surrendered policies 5258 64 Amount of notes loans or liens voided by lapse 6156 53 Amount of notes loans or liens used in pay ment of dividends to policyholders 46035 61 Amount notes loans or liens redeemed by maker in cash 25394 95 Total reduction of premium note account 104856 i4 Balance note assets at end of the year 320346 55COMPTROLLERGENERALS REPORT 263 Business in Georgia during 1898 No Amount Number and amount of policies on the lives of citi zens of said state in force December 3L of pre vious year 4021 8921886 00 Number and amount of policies on the lives of citi zens of said state issued during the year 641 1207068 00 Total 4662 10128954 00 Deduct number and amount which have ceased to be in force during the year including removals from the State 433 840566 00 Total number and amount of policies in force in Georgia Dec 31 1898 4229 928S388 00 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 3 7102 Ot Amount of losses and claims on policies in Georgia incurred during the year 36 98669 00 Total 39 10577100 Amount of losses and claims on policies in Georgia paid during the year 35 89469 00 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 9288388 00 Premiums 278395 85 Losses 117791 00 Tax 2783 96 THE PACIFIC MUTUAL LIFE INSURANCE COMPANY SAN FRAN CISCO CAL ICAPITAL STOCK 1 Amount of capital stock paid up in cash 200000 00 Amount of net or ledger assets Decem ber 31 of previous year 2999874 10 Extended at 2999874 10 II INCOME DURING YEAR 1898 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 356080 85 1V2 Cash received for renewal premiums without deduc tions for commissions or other expenses 337927 98 264 COMPTROLLERGENERALS REPORT 2y2 Premium notes loans or liens taken in part payment for renewal premiums 44208 38 it From dividends applied to pay running premiums see item 11 Disbursements 32103 75 3V2 Prom dividends applied to purchase paidup additions and annuities see item 12 Disbursements 27846 52 4 From surrender values applied to pay running premiums see item 14 Dis bursements 4146 12 4y2 From surrender values ap plied to purchase paidup insurance and annuities see item 15 Disburse ments Total 66758 69 869072 29 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 143687 renewals 7 509638 Total premium income 6533 Z5 862539 04 8 Cash received for interest on mortgage 48594 86 9 Cash received for interest on bonds owned 46922 17 10 Cash received for interest on premium 3819 30 11 Cash received for interest on other debts due the company including interest on 26540 68 12 Cash received as discount on claims paid 605 22 13 Cash received for rents for use of com panys property including 1050000 for companys own occupancy 44317 69 14 Cash received for profits on s ales of bonds or stocks 801479 8014 79 178814 71 Total income Total COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS DURING YEAR 1898 1 Cash paid for death claims including revisionary addi tions 234663 89 2 Premium notes loans or liens used in payment of the same 32 50 3 Cash paid for matured en dowments and additions thereto 60306 80 Total 295003 19 7 Total net amount actually paid for losses and matured endowments 295003 19 8 Cash paid for annuitants 4602 00 9 Premium notes loans or liens used in pur chase of surrendered policies 3986 02 9 Premium notes loans or liens used in payment of dividends to policyholders 470 18 10 Cash dividends paid to policyholders 4486 67 11 Cash dividends applied to pay running pre miums see item 3 Income 32103 75 12 Cash dividends applied to purchase paid up additions and annuities see item 3 Income 27846 52 13 Surrender values paid in cash 6587 20 14 Surrender values applied to pay running premiums see item 4 Income 4146 12 15 Surrender values applied to purchase paid up insurance and annuities see item 4 Income 66758 69 Total paid policyholders 44599034 16 Cash paid stockholders for interest or divi dends 11600 00 17 Cash paid for cotenmissions and bonuses to agents less commission on reinsurance new policies 14105147 renewals 73 25844 214309 91 IS Cash paid for salaries and allowances to managers and agents 71596 99 IS Cash paid for medical examiners fees 22939 80 20 Cash paid for salaries and all other com pensation of officers and other home of fice employees 37558 71 21 Cash paid for taxes on new premiums 134817 on renewals 276677 4114 94 22 Cash paid for revenue taxes 2622 80 23 Cash paid for insurance department fees and agents licenses 336134 mu nicipal licenses 3306 3394 40 205 295003 19266 COMPTROLLERGENERALS REPORT 24 Cash paid for rent including 7500 com panys occupancy 10543 08 27 Cash paid for advertising 286585 print ing 683778 postage 283842 12542 05 28 Cash paid for real estate expenses other than taxes 1886405 for legal expen ses 439675 23260 80 29 Cash paid for the following items viz Taxes on real estate 11392 79 General expense 8299 54 Total miscellaneous expenses 43422581 30 Total disbursements 1157592 37 21 Balance 3145313 39 Invested in the following items IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 1121774 71 2 Loans on mortgage first liens on real es tate 684697 80 3 Loans secured by pledge of bonds stocks or other marketable collaterals 147300 00 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 120568 44 5 Premium notes loans or liens on poli cies in force 40685 93 6 Cost value of bonds and stocks owned excluding accrued interest at time of pur chase 853244 94 7 Cash in companys office 13723 93 8 Cash deposited in banks 131314 14 9 Bills receivable 568 60 10 Agents ledger balances 17344 50 Furniture and fixtures 13590 40 11 Total net or ledger assets as per balance above 3145313 39 33 Total net or ledger assets less depreciation 3145313 39 Other Assets 14 Interest due 627420 and accrued 8 54275 on mortgages 14816 95 15 Interest due and accrued 1374335 on bonds and stocks 13743 35 16 Interest due and accrued 86200 on collat eral loans 862 00COMPTROLLERGENERALS REPORT 267 17 18 19 21 22 23 24 25 26 Interest due and accrued 201375 on pie mium notes loans or liens Interest due 141925 and accrued 10 88078 on other assets Rents due and accrued 261240 on com panys property or lease 2013 75 12300 03 2612 40 Total carried out Market value of bonds and stocks over cost Due from other companies for losses or claims on poli cies of this company reinsured Gross premiums due and un reported on policies in force December 31 1898 Gross deferred premiums on policies in force December 31 1898 Totals Deducting loading 20 per cent on new and 20 per cent on renewals Net amount of uncollected and deferred premiums New Buiiuess 39923 10 19647 85 59575 95 11915 19 47660 76 Renewals 35345 33 32057 04 67402 37 13480 47 53921 90 Extended Printed supplies 46348 48 48624 72 15000 00 28 Total assets as per the books of the company Items Not Admitted 167504 03 6000 00 3428790 62 Furniture fixtures and safes Agents balances unsecured by bonds Bills receivable Supplies printed matter and stationery 13590 40 6667 32 568 60 6000 00 Total Total assets less items not admitted 26826 32 3401964 30 VMABILITIES Net present value of all the outstanding policies in force on the 31st day of De cember 1898 computed according to The Actuaries Table of mortality with four per cent interest 3018734 00288 COMPTROLLERGENERALS REPORT Deduct net value of risks of this com pany reinsured in other solvent companies 30569 00 Net reinsurance reserve 2988165 00 5 Claians for death losses which have been reported and no proofs received 9863 00 6 Claims for death looses and other policy claims resisted by the company 5000 00 Total policy claims 14863 00 17 Liabilities on policyholders account 3115902 00 18 Gross surplus on policyholders account 283062 30 19 Total liabilities 3401964 30 vi premium note account 1 Premium notes loans or liens on hand De cember 31 of previous year 41841 12 2 Premium notes loans or liens received during the year on new policies on old policies 44208 38 Total 86019 50 Deductions during the year as follows Amount of notes loans or liens used in pay ment of losses and claims 32 50 Amount of notes loans or liens used in pur chase of surrendered policies 3986 02 Amount of notes loans or liens used in pay ment of dividends to policyholders 470 IS Amount of notes loans or liens redeemed by maker in cash 40874 87 Total reduction of premium note account 45363 57 Balance note assets at end of the year 40685 93 BUSINESS IV GEORGIA DURING 1898 No Amount Number and amount of policies on the lives of citi zens of Georgia issued during the year 2 2000 00 TotaI 2 2000 On Total number and amount of policies in force in Georgia December 31 1898 2 2000 mi Wiiit amount of premiums was collectd or secured in Georgia duringCOMPTROLLERGENERALS REPORT 269 the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 6060 17384 Notes or credits total 23444 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1S99 Risks 172000 00 Freimiums 280 20 Losses 10 00 Tax 2 80 PENN MUTUAL LIFE INSURANCE COMPANY PHILADELPHIA PA ICAPITAL STOCK Amount of net or ledger assets December 31 of previous year 30929473 56 Decrease of capital during 1898 being de duction to bring assets to market value 112220 04 Extended at 30817253 52 IIINCOME DURING THE YEAR 1898 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 979723 92 1J Cash received for renewal pre miums without deductions for commissions or other ex penses 4291029 58 2 Premium notes loans or liens taken in part payment for premiums on new policies 9425 00 2J Premium notes loans or liens taken in part payment for re newal premiums 222172 10 3 From dividends applied to pay running premiums and accu mulated see item 11 dis bursements 717983 20 3 From dividends applied to purchase paidup additions and annuities see item 12 disbursements 151992 85 4 From surrender values applied to pay running premiums see item 14 disbursements 59379 19 4 From surrender values applied to purchase paidup insur ance and annuities see item 15 disbursements 139145 00270 COMPTROLLERGENERALS REPORT 3409 24 Consideration for annuities other than matured install ment policies Total 6657260 OH Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business renewals 191745 1917 45 7 Total premium income 6655342 63 8 Cash received for interest on mortgage loans 680852 98 9 Cash received for interest on bonds owned and dividends on stock 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on collateral loans 12 Cash received as interest on general account 13 Cash received for rents for use of companys property including for com panys own occupancy 14 Cash received for profits on sales of bonds or stocks 7826746 real estate 949370 19 From all other sources viz Suspended bank dividends 56106 agentsbalances recovered 200000 bonuses on mortgages 718231 collateral loan recoverd 124909 9992 46 456994 44 71157 92 262583 5 15320 92 131298 45 51 16 Total income 8371304 51 Total 39188558 03 IIIDISBURSEMENTS DURING YEAR 1898 1 Cash paid for death claims in cluding revisionary additions 1541231 98 2 Premium notes loans or liens used in the payment of the same 25966 87 3 Cash paid for matured endow ments and additions thereto 405021 57 4 Premium notes loans or liens used in the payment of the same 6992 43 5 Cash paid for sums falling due during the year on install ment policies 25328 81 Total 2004541 66 6 Deduct amount received from other companies for losses or claims on policies of this company reinsured 10000 00 7 Total net amount actually paid for losses nd matured endowments 1994541 66COMPTROLLERGENERALS REPORT 271 8 Cash paid to annuitants 38759 97 9 Premium notes loans or liens used in pur chase of surrendered policies voided by lapse 38451 69 11 Cash dividends applied to pay running pre miums and accumulated see item 3 in come 717983 20 12 Cash dividends applied to purchase paidup additions and annuities see item 3J in come 151992 85 13 Surrender values paid in cash 499377 87 14 Surrender values applied to pay running premiums see item 4 income 59379 19 15 Surrender values applied to purchase paid up insurance and annuities see item 4J income 139145 00 Total paid policyholders 363903143 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 50011154 renewals 300 95891 annuities 382481 805395 26 18 Cash paid for salaries and allowances to managers and agents 90978 84 19 Cash paid for medical examiners fees inspection of risks 71671 40 20 Cash paid for salaries and all other compen sation of officers and other home office em ployes 148220 27 21 Cash paid for taxes on new premiums on renewals 77969 06 22 Cash paid for taxes on reserves 791402 on investments 7714317 85057 19 Cash paid for taxes on real estate 50288 70 23 Cash paid for insurance department fees and agents licenses 917678 municipal licenses 544478 14621 56 Cash paid for revenue stamps 15680 66 24 Cash paid for rent 40281 44 26 Cash paid for furniture fixtures and safes for home and agency offices 4652 43 27 Cash paid for advertising 2228818 print ing 1337026 35658 44 28 Cash paid for real estate expenses other than taxes 1786917 for legal expenses 890524 26772 41 29 Cash paid for following items viz Home office expenses and postage 4357224 Are and other insurance 1167783 main tenance of properties 4092633 96 176 40 Total miscellaneous expenses 156342406 30 Total disbursements 5203055 49 31 Balance 33985502 54272 COMPTROLLEREGENERATES REPORT IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all in cumbrances 2775370 31 2 Loans on mortgage first liens on real estate 13157321 87 3 Loans secured by pledge of bonds stocks or other marketable collaterals 2509jll3 92 4 Loans made in cash to policyholders on this companys policies assigned as collateral 2513657 00 5 Premium notes loans or Jiens on policies in force of which 942500 was received dur ing the year 996974 39 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase11274854 40 7 Cash in companys office 171S 21 8 Cash deposited in banks 514100 00 9 Bills receivable 131180 27 10 Agents ledger balances 4096 51 Temporary obligations for premiums mainly received by reserves on policies 103021 32 Furniture 10000 00 Total33991408 20 Less agents credit balances 5905 66 Total net or ledger assets as per balance above 33985502 54 Other Assets 14 Interest due 8156441 and accrued 206 43100 on mortgages 290995 41 16 Interest due 151090 and accrued 4 59804 on collateral loans 18 Interest due and accrued on other assets 19 Rents due 586189 and accrued 372198 on companys property or lease 6108 94 3000 00 9583 87 Total carried out 309 ggs o 21 Market value of bonds and stocks over cost 487 982 54 23 Gross premiums due and unre ported on policies in force December 31 1898 24 Gross deferred premiums on policies in force Dec 31 1898 New Business Eenewas 167899 79 255881 15 98296 37 434026 22 Totals 264196 16 689907 37 25 Deducting loading 50J per cent on new and 5 610 per cent on renewals 133419 06 38034 81 26 Net amount of uncollected and deferred premiums 130777 10 651272 56 782049 28 Total assets as per the books of the company 35565222 9ftCOMPTROLLERGENERALS REPORT 273 10 16 VLIABILITIES 1 Net present value of all the outstanding pol icies in force on the 31st day of December 1898 computed according to the Actuaries Table of Mortality with four per cent in terest30515324 00 Deduct net value of risks of this company reinsured in other solvent companies 48886 00 Net reinsurance reserve 5 Claims for death losses and matured endowments in pro cess of adjustment or adjusted and not due 8 Present value of unpaid amounts on ma tured installment policies face 279 60300 214538 00 9 Amount of trust funds held by the company 21229 00 Total policy claims Amount of all unpaid dividends of surplus or other description of profits due policyholders Amount of any other liability of the company viz Premiums paid in advance Scrip outstanding 17 Liabilities on policyholders account 18 Grosss surplus on policyholders account 19 Total liabilities 20 Surplus accrued on tontine or other policies the profits upon which are especially reserved for that class of policies 179323908 21 Surplus accrued on all other policies 282945014 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 947935 11 2 Premium notes loans or liens received dur ing the year on new policies 942500 on old policies 26155775 270982 75 Total 1218917 86 Deductions during the year as follows Amount of notes loans or liens used in pay ment of losses and claims 32959 30 Amount of notes loans or liens used in pur chase of surrendered policies 56637 79 Amount of notes loans or liens voided by lapse 38451 69 Amount of notes loans or liens used in pay ment of dividends to policyholders 73048 70 Amount of notes loans or liens redeemed by maker in cash 20845 99 30466438 00 142941 87 378708 87 64689 62 24117 25 8580 00 30942533 74 4622689 22 35565222 96 Total reduction of premium note account Balance note assets at end of the year 221943 47 996974 39174 COMPTROLLERGENERALS REPORT Business in Georgia during 1898 T T No Amount JNumber and amount of policies on the lives of citi zens of Georgia in force December 31 of pre vious year 1770 4364800 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 902 1869950 00 Total 2672 6234750 00 Deduct number and amount which have ceased to be in force during the year 513 033050 00 Total number and amount of policies in force in Georgia December 31 1898 2159 5201700 00 Amount of losses and claims on policies in Georgia incurred during the year 20 39470 00 Total 20 39470 00 Amount of losses and claims on policies in Georgia paid during the year 19 38470 00 Notdue 1 100000 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses divi dends commissions or other expenses Answer Gash 16019764 notes or credits 1347372 total 17367136 BUSINESS IN GEORGIA FOR YEAH ENDING APRIL 30 1899 Risks 5235950 00 Premiums 175402 29 Losses 38375 00 Tax 1754 02 THE PHfENIX MUTUAL LIFE INSURANCE COMPANY HARTFORD CONNECTICUT I CAPITAL STOCK Extended at 10682913 71 IIINCOME DURING YEAR 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 362460 22 Vk Cash received for renewal premiums without deduc tions for commissions or other expenses 1208914 36 2 Premium notes loans or liens taken in part payment for premiums on new poli cies 1927 00COMPTROLLERGENERALS REPORT 275 3 Frjm dividends applied to pay running premiums see item 11 Disbursements 155126 89 3 From dividends applied to purchase paidup additions and annuities see item 12 Disbursements 38049 68 4 From surrender values ap plied to pay running pre miums see item 14 Dis bursements 9208 01 4 From surrender values ap plied to purchase paidup insurance and annuities see item 15 Disburse ments 139574 00 5 Consideration for annuities other than matured in stallment policies 11856 90 Total 1927117 06 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new busi ness 343572 renewals 349583 6931 55 7 Total premium income 1920185 51 8 Cash received for interest on mortgage loans 354837 81 9 Cash received for interest on bonds owned and dividends on stock 159554 44 10 Cash received for interest on premium notes loans or liens and policy loans 47385 34 11 Cash received for interest on other debts due the company 10261 99 12 Cash received as discount on claims paid in advance 589 54 13 Cash recieved for rents for use of com panys property including 7000 for com panys own occupancy i 40058 96 14 Cash received for profits on sales of bonds or stocks 359500 real estate 16 31529 19910 29 16 From dividends and surrender values on reinsurances 2362 74 19 From all other sources viz Profit and loss credits 1998 47 Total income 2557145 09 Total 13240058 80276 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS DURING YEAK 1898 1 Cash paid for death claims including revisionary addi tions 706384 61 2 Premium notes loans or liens used in payment of the same 16659 36 3 Cash paid for matured en dowments and additions thereto 72427 50 4 Premium notes loans or liens used in the payment of same 882 00 5 Cash paid for sums falling due during the year on installment policies 1000 00 Total 797353 47 6 Deduct amount received from other companies for losses or claims on policies of this company reinsured of which is for matured endowments 4677 00 7 Total net amount actually paid for losses and matured endowments 792676 47 8 Cash paid to annuitants 2879 97 9 Premium notes loans or liens used in purchase of surrendered policies 7 11480 voided by lapse 3330 7148 10 9 Premium notes loans or liens used in payment of dividends to policyholders 272 18 10 Cash dividends paid to policyholders 2826 23 11 Cash dividends applied to pay running premiums see item 3 Income 155126 89 12 Cash dividends applied to purchase paid up additions and annuities see item 3 Income 38049 68 13 Surrender values paid in cash 174683 77 14 Surrender values applied to pay running premiums see item 4 Income 9208 01 15 Surrender values applied to purchase paid up insurance and annuities see item 4 Income 139574 00 Total paid policyholders 132244530 17 Cash paid for commissions and bonuses to agents less commission on reinsur ance new policies 21237685 renew als 8045725 annuities 53210 293366 23COMPTROLLERGENERALS REPORT 277 18 Cash paid for salaries and allowances to managers and agents 61458 84 19 Cash paid for medical examiners fees 3837672 inspection of risks 394039 42317 11 20 Cash paid for salaries and all other com pensation of officers and other home of fice employees 68445 65 21 Cash paid for taxes on new premiums 335274 on renewals 1132714 14679 88 22 Cash paid for taxes on reserves 101087 on investments 2041566 21426 53 Cash paid for taxes on franchise 25 60375 U S Int Rev stamps 451221 30115 96 23 Cash paid for insurance department fees and agents licenses 424201 municipal licenses 266940 691141 24 Cash paid for rent including 7000 com panys occupancy 23850 12 25 Cash paid for commuting commissions 5223 42 26 Cash paid for furniture fixtures and safes for home and agency offices 1518 48 27 Cash paid for advertising 1491973 print ing 1620329 31123 02 28 Cash paid for real estate expenses other than taxes 1607779 for legal ex penses 266527 18743 06 29 Cash paid for the following items viz Postage 1027934 exchange 107452 sundry expenses 1644952 profit and loss debits 1305825 40861 63 Total miscellaneous expenses 66004134 30 Total disbursements 1982486 64 31 Balance 11257572 16 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 1102365 90 2 Loans on mortgage Art liens on real es tate 5447686 41 3 Loans secured by pledge of bonds stocks or other marketable collaterals 6600 00 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 399967 00 5 Premium notes loans or liens on poli cies in force of which 192700 was re ceived during the year 368212 74278 COMPTROLLERGENERALS REPORT 6 Cost value of bonds and stocks owned ex cluding accrued Interest at time of pur chase 3419663 45 7 Cash in companys office 478 58 8 Cash deposited in banks 512598 08 11 Total net or ledger assets as per balance abve 11257572 16 13 Total net or ledger assets less depreciation 11257572 16 Other Assets 14 Interest due 4042388 and accrued 91 23700 on mortgages 131660 88 17 Interest due and accrued on premium notes loans or liens 4253 44 Total carried out 21 Market value of bonds and stocks over cost 135914 32 77895 07 23 Gross premiums due and un reported on policies in force December 31 1898 24 Gross deferred premiums on policies in force December 31 1898 Totals 25 Deduct cost of collection 57 per cent on new and 6 per cent on renewals 26 Net amount of uncollected and deferred premiums New Business 52619 64 30273 77 82893 41 47249 24 Extended Renewals 57616 33 105789 63 163406 01 9804 36 35644 17 153601 65 189245 82 28 Total assets as per the books of the company 11 660627 37 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1898 computed according to The Actuaries Table of Mortality with four per cent interest 10790078 00 Deduct net value of risks of this com pany reinsured in other solvent compa nies 21303 00 Net reinsurance reserve 10 768 775 00 2 Special policy reserve 167045 00COMPTROLLERGENERALS REPORT 27i 5 Claims for death losses in process of adjustment or ad justed and not due 31817 00 8 Present value of unpaid amounts on matured install ment policies 6874 00 16 Amount of any other liability of the company viz Pre miums paid in advance 813100 special liability 1000000 18131 00 17 Liabilities on policyholders account 10992642 00 IS Gross surplus on policy holders account 667985 37 19 Total Liabilities 11660627 37 i VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 402040 38 2 Premium notes or loans received during the year on new policies 1927 00 Total 403967 38 Deductions during the year as follows Amount of notes loans or liens used in payment of losses and claims 17541 36 Amount of notes loans or liens used in purchase of surrendered policies 7114 80 Amount of notes loans or liens voided by lapse 33 30 Amount of notes loans or liens used in payment of dividends to policyholders 272 18 Amount of notes loans or liens redeemed by maker in cash 10793 00 35754 64 Balance note assts at end of the year 368212 74 Business in Georgia During 1898 No Amount Number and amount of policies on the lives of citi zens of Georgia in force Decetaber 31 of previous year 539 1200711 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 212 508131 00 Total 751 1708842 00 Deduct number and amount which have ceased to be in force during the year 172 381143 00 Total number and amount of policies in force in Georgia December 31 1898 579 1327699 00280 COMPTROLLERGENERAL8 REPORT Amount of losses and claims on policies in Georgia incurred during the year 4 11500 00 Total 4 11500 00 Amount of losses and claims on policies in Georgia paid during the year 4 11500 00 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 3693799 Dividends 328428 Total 4022227 BUSINESS IN UEOHGIA FOR YEAB ENDING APKII 30 99 Rlsks 1391850 00 Premiums 40487 81 Losses 7300 00 Tax 404 88 PROVIDENT SAVINGS LIFE ASSURANCE SOCIETY OP NEW YORK ICapital STiCR 1 Amount of capital stock paid up in cash 100000 00 Amount of net ledger assets December 31 of previous year 1989530 53 Extended at 1989530 53 IIINCOME IHKINU YEAH 1898 1 Cash received for premiums on new policies without deductions for commissions or other expenses 543288 97 1 Cash received for renewal premiums without deduc tions for commissions or other expenses 1719531 32 2 Premium notes loans or liens taken in part pay ment for premiums on new Policies 119874 04 2 Prsmiulm notes loans or liens taken in part pay ment for renewal premiums 57076 16 3 Prom dividends applied to pay running premiums see item 11 Disbursements 171458 00COMPTROLLERGENERALS REPORT 281 iy2 From surrender values ap applied to purchase paid up insurance and annuities see item 15 Disburse ments 8577 77 Total 2619806 26 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new busi ness 425830 renewals 347022 7728 52 7 Total premium income 2612077 74 8 Cash received for interest on mortgage loans 16185 61 9 Cash received for interest on bonds owned and dividends on stock 37609 50 10 Cash received for interest on premium notes loans or liens 5579 17 11 Cash received for interest on deposits other debts due the company 16597 53 13 Cash received for rents for use of com panys property 23559 77 14 Cash received for profits on sales of secu rities 1296 92 16 From dividends and surrender values on reinsurances 168 85 17 Premium notes loans or liens restored by revival of policies 1128 90 19 From all other sources viz Profit and loss Waco Texas real estate 25000 00 Total income 2739203 99 Total 4728734 52 IIIDTfBURPEMENTS DURING YEVR 1S98 1 Paid for death claims 1198918 27 2 Premium notes loans or liens used in payment of the same 1181 4a 5 Cash paid for sums falling due during the year on in stallment policies 1000 00 Total 1201099 70282 COMPTROLLERGENERALS REPORT 6 Deduct amount received from other companies for losses or claims on policies of this company reinsured of which is for matured endowments 25000 00 7 Total net amount actually paid for losses and matured endowments 1176099 70 8 Cash paid to annuitants 1581 40 9 Premium notes loans or liens voided by lapse 47228 08 10 Cash dividends paid to policyholders 18112 87 11 Cash dividends applied to pay running pre miums see item 3 Income 171458 00 13 Surrender values paid in cash 10252 30 15 Surrender values applied to purchase paid up insurance and annuities see itein 4 Income 8577 77 Total paid policyholders 143331012 16 Cash paid stockholders for interest or divi dends 10466 40 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 41310639 renewals 104 48968 51759607 18 Cash paid for salaries and allowances to managers and agents 35215 77 19 Cash paid for medical examiners fees 4926901 inspection risks 626162 55530 63 20 Cash paid for salaries and all other com pensation of officers and other home of fice employees 142874 95 21 Cash paid for taxes on new premiums 7 66840 on renewals 2056521 28233 61 22 Cash paid for taxes on reserves 40056 on real estate 330671 3707 27 23 Cash paid for insurance department fees and agents licenses 554374 mu nicipal licenses 352484 9068 58 24 Cash paid for rent 34365 52 25 Cash paid for commuting cctaimissions 2700 00 26 Cash paid for furniture fixtures and safes for home and agency offices 10392 07 27 Cash paid for advertising 1983585 stationery and printing 1646751 postage 1331040 49 613 76 28 Cash paid for real estate expenses other than taxes 850467 for legal expen ses 2446188 32966 55COMPTROLLERGENERALS REPORT 283 29 Cash paid for the following items viz Exam Ins Dept N Y 39946 attend ance fees 170000 2099 46 Trav expenses 1090232 expenses 18 94025 Internal Revenue stamps 9 65978 39502 35 Profit and loss Agencies 399748 col lateral loans 8528500 89282 48 Total miscel expenses 106361547 0 Total disbursements 2496925 59 31 Balance 2231808 93 Invested in the following IVASSETS AS PER LEDGER ACCOUNT 1 Book value of real estate exclusive of all incumbrances 362688 40 2 Loans on mortgage first liens on real es tate 289750 00 3 Loans secured by pledge of bonds stocks or other marketable collaterals 35985 00 4 Loans made in cash to policyholders on this companys policies assigned as col laterals 56029 52 E Premium notes loans or liens on poli cies in force of which 17695020 was received during the year 187516 19 6 Book value of bonds and stocks owned ex cluding accrued interest at time of pur chase 873647 60 7 Cash in companys office 32822 77 8 Cash deposited in banks 251585 82 9 Bills receivable 1132 23 10 Agents ledger balances of which 37 96843 was advanced during the year 140651 40 11 Total net or ledger assets as per balance above 2231808 93 13 Total net or ledger assets less depreciation 2231808 93 Other Assets 14 Interest due 128000 and accrued 2 19394 on mortgages 3473 94 15 Interest accrued on bonds and stocks 10789 16 17 Interest due 162697 and accrued 4 10787 on premium notes loans or liens 5734 84 18 Interest accrued on deposits 795 20284 COMPTROLLERGENERALS REPOR T 19 Rents due 158213 and accrued 425138 on companys property or lease Total carried out 21 Market value of bonds and stocks over cost 23 Gross premiums due and un reported on policies in force December 31 1898 24 Gross deferred premiums on policies in force December 31 1898 Totals 25 Deducting loading 62 per cent on new and 6 per cent on renewals New Busim ss 277672 00 305169 00 189205 00 26 Net amount of uncollected and deferred premiums Extended Internal Revenue stamps on hand 115964 00 5833 51 Eenewals 163411 00 27497 00 227957 00 391368 00 23482 00 367886 00 26626 65 100643 42 28 Total assets as per the books of the company Items Xot Admitted 483850 00 7282 38 2850211 38 5 Agents dr balances 7 Bills receiveable 141222 18 1132 23 Total 9 Total assets less items not admitted 142354 41 2707856 97 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1898 computed according to The Actuaries Table of Mortality with four per cent interest Deduct net value of risks of this com pany reinsured in other solvent com panies 1996971 00 2918 00 Net reinsurance reserve 2 Premium notes or loans on policies and other obligations in excess of the net value of their policies 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 218 91 96250 00 1994053 00COMPTROLLERGENERALS REPORT 285 6 Claims for death losses and other policy claims resisted by the company 49000 00 8 Present value of unpaid amounts on ma tured installment policies face 7500 5815 00 Total policy claims 151233 91 16 Amount of any other liability of the company viz Premiums paid in advance 581031 5810 31 Amount of reserve on policies cancelled and not in cluded in item 1 upon which a surrender value may be demanded 5731 76 17 Liabilities on policyholders account 2156878 98 18 Gross surplus on policyholders account 550977 99 19 Total liabilities 2707856 97 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 71080 08 2 Premium notes loans or liens received during the year on new policies 119 87404 on old policies 5707616 176950 20 Premium notes loans or liens restored by revival of policies 1128 90 Total 249159 18 Deductions during the year as follows Amount of notes loans or liens used in pay ment of losses and claims 1181 43 Amount of notes loans or liens voided by lapse 47228 08 Amount of notes loans or liens redeemed by maker in cash 13233 48 61642 99 Balance note assets at end of the year 187516 19 BUSINESS IV GEORGIA DURING 1898 Nn Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 1546 3989287 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 639 1509194 00 Total 2185 5498481 CO Deduct number and amount which have ceased to be in force during the year 470 1125023 00 Total number and amount of policies in force in Georgia December 31 1898 1715 4373458 00286 COMPTROLLERGENERALS REPORT Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 7 12520 00 Amount of losses and claims on policies in Georgia incurred during the year 24 88900 00 Total 31 101420 00 Amount of losses and claims on policies in Georgia paid during the year 30 96420 00 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 9802318 Notes or credits 929733 Total 10732051 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 4154315 00 Premiums 114852 87 Losses 47000 00 Tax 1148 53 THE PRUDENTIAL INSURANCE CO OF AMERICA NEWARK N J ICAPITAL STOCK 1 Amount of capital stock au thorized 2000000 amount subscribed 2000000 00 2 Amount of capital stock paid up in cash 2000000 00 Amount of ledger assets Decem ber 31st of previous year23072224 26 Extended at 23072224 26 II INCOME DUBING THE YEAR As zhovm by the books at Home Office at close of business December 31 1898 1 First years premiums except items 3 and 5 less interest included in deferred premi ums 4672660 and 1751408 for first years reinsurance 3057902 65 2 Renewal premiums except items 3 and 5 less interest included in deferred premi ums 6964989 and 612843 for renewal insurance12625407 23 3 Dividends applied by policy holders to pay running pre miums Renewals see item 9 Disbursements 4019 11COMPTROLLERGENERALS REPORr 287 4 Dividends applied by policy holders to purchase paidup additions and annuities see item 10 Disbursements 5 Surrender values applied to pay running premiums first year premiums 11829 renewals 39854 see item 12 Disburse ments 6 Surrender values applied to purchase paidup insurance and annuities see item 13 Disbursements 431846 75 7 Consideration for annuities other than matured instal ment policies 15610 24 4118 89 516 83 10 11 12 13 14 15 17 Total premium income16139451 Rents from companys proper ty including 6229417 for companys use of own build ings 209835 41 Interest on loans on mortgages of real estate 524436 33 Interest on collateral loans in cluding premium notes loans or liens 16026 92 Interest on bonds and dividends on stocks 465560 49 Interest on other debts due the company and on deposits in banks 4471 64 Interest on deferred premiums 116375 49 Total rents and interest 1336727 28 Profit on sales of real estate 404476 on sale or maturity of securities 1600 5644 76 From all other sources viz Conscience fund 52 00 Total income during the year 17481875 74 Sum of both amounts 40551100 00 III DISBURSEMENTS DURING THE YEAR As shown by the books at Home Office at close of business December 31 1 For death claims 403511069 additions 1144240 4749531 72 2 Matured endowments 5700 additions 88 5788 00 3 Instalment death claims 350 00 Total 4755672 72288 COMPTROLLERGENERALS REPORT 6 Paid to annuitants 2635 29 7 Premium notes voided by lapse less 2 49908 restored by revival 213S3 8S 8 Dividends paid policy holders received for dividends on reinsurances 139739 10 9 Dividends applied by policy holders to pay running premiums see item 3 Income 4049 11 10 Dividends applied by policy holders to pur chase paid up additions and annuities see item 4 Income 41 i 8 89 11 Surrender values paid received on surren dered insurance 29440 26 12 Surrender values applied to pay running pre miums see item 5 Income 516 83 13 Surrender values applied to purchase paidup insurance and annuities see item 6 In come 431846 75 Total paid policyholders 5389403 13 14 Paid stockholders for interest or dividends amount declared during the year 2u0 000 200003 00 15 Commissions and bonuses to agents less commissions received on reinsurances new poicies 1642 23116 renewal poli cies 173377914 on annuities if782 93 3379793 20 17 Salaries and allowances for agencies includ ing managers agents and clerks 1804051 45 18 Salaries and all other compensation includ ing fees to directors and committees and expenses fifteen officers 197050 home office employees 43272482 629774 82 19 Medical examiners fees 28316012 inspec tion of risks 1642410 299584 22 23 Taxes on premiums 16283888 on surplus 5240118 municipal licenses 3299517 248 234 73 21 Taxes on real eslate 4538404 United States internal revenue tax 27654 53 73038 57 22 Insurance department lees and agents li censes 75G3 03 23 Repairs and expenses other than taxes on real estate 92 789 85 21 Kent including 6229417 for companys use of own buildings 182610 18 25 Advertising 17725701 printing and sta tionery 6112574 postage and express 45100999 289392 74 26 Legal expenses 288391 for furniture etc 6016448 88998 39 27 Losses on sales of real eslate 111292 on sale or maturity of securities J3I76760 328S0 52COMPTROLLERGENERALS REPORT 289 28 All other items viz Law library 34625 appraising fees S548 31 sundry general expenses 3514109 sundry district ex penses 1823806 depreciation in value of real estate 155033 49 Total miscellaneous expenses 7538018 90 209307 20 10 31 12 13 15 17 is 19 Total disbursements 12927422 03 Balance 27026677 97 Invested in the following IV LEDGER ASSETS Is per ledger accounts shown by ihe books at the Home office at close of business December 31 Book value of real estate unincumbered 3557234 29 Mortgpge liens on real estate first liens 10489318 63 Loans secured by pledge of bonds stocks or other collateral 30000 00 Loans made to policyholders on this compa nys policies assigned as collateral 171312 47 Premium notes on policies in force 4258 05 Book value bonds excluding interest12013447 50 Cash in companys office 1312193 deposit ed in bank 129798510 1311107 03 Total net ledger assets as per balance above 27626677 97 NonLedger Assets Interest due 7187865 and accrued 118 79683 on mortgages Interest accrued on bonds and stocks Interest accrued on collateral loans Interest accrued on premium notes loans or liens Rents due 477417 and accrued 731632 on companys property or lease Market value not including interest in item 11 of stocks and bonds over book value Industrial Branch Ordinary Branch New Bus Renewas New Bus Renewals Gross premiums not more than 3 months due after period of graceunreport ed on policies outstandingDe cember 312716 36 29607 58 90665 45 56032 51 Gross deferred premiums on policies out standing De cember 31 272320 13 447944 15 190675 48 99557 54 4412 85 1506 64 12090 49 308243 00 320177 59 Totals 2716 36 29607 58 362985 58 503976 6690 COMPTROLLERGENERALS REPORT 21 Deduct cost of collection Ind branch 100 per ct on new 30 per ct on re newals Ord branch 60 per ct on new 7J per ct on re newals 2716 36 8882 27 217791 35 37798 25 22 Net amount of uncollectedand deferred prem iums 20725 81 145191 23 466178 41 632097 95 23 Other items stationery printed matter and supplies 4 64321 furniture fixtures and safes 4221621 law library 676719 53626 61 Gross assets 28940823 03 Deduct assets not admitted 2 Supplies printed matter stationery furniture fixtures safes law library 53626 61 Total admitted assets 28887195 42 V NONLEDGER LIABILITIES As shown by the books at Home Office at close of Business December 31 1 Net present value of all the outstanding policies in force on the 31st day of De cember as computed by the company according to The Actuaries Table of Mor tality with four per cent interest 20371669 00 Same for reversionary additions 21869 00 Same for annual and weekly annuities in cluding those in reduction of premiums 1807s 01 Total 20411616 00 Special reserve 2465455 00 Net reserve 22s77o71 2 Present value of amounts not yet due on matured instal ment policies face value 5650 4041 5 Death losses in process of adjustment or ad justed and not yet due 18532 76 i Death losses which have been reported and no proofs received 28312 27 7 Death losses and other policy claims resist ed by the company and not yet outlawed 21264 49 Net policy claims 68139 9 Unpaid dividends or other profits due policyholders in cluding those contingent on payment of outstanding and deferred premiums 3 26j 00 09COMPTROLLERGENERALS REPORT 291 11 Salaries rents expenses taxes bills accounts bonuses commissions medical and legal fees etc due or ac crued 2876366 12 Premiums paid in advance 17019 91 Liabilities on policyholders account 22998301 66 Gross divisible surplus 3888894 76 Capital stock paid up 2000000 00 5888894 76 Total 28887196 42 Business in Georgia during the year ending Dec 31 1898 No Amount Number and amount ot policies on the lives of citizens of said State in force Dec 31 of previous year 131 385207 00 Number and amount of policies on the lives of citizens of said State issued during the yearJ69 1338248 00 Total 700 1723455 00 Deduct number and amount which have ceased to be in in force during the year 156 428634 00 Total number and amount of policies in force in said State December 31st last 544 1294821 00 Amount of losses and claims on policies in said State settled during the year in cash 1 2387 71 Amount of premiums collected or secured in said State dur ing the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Cash 4483188 notes or credits 8345 total 4491533 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 1610340 00 52828 23 fremlUmS 1238771 JOSSeS 52828 Tax ROYAL UNION MUTUAL LIFE INSURANCE COMPANY DES MOINES IOWA ICAPITAL STOCK Amount of net or ledger assets December 31 of previous year 207332 52 Extended at 207332 52 IIINCOME DURING YEAR 1898 1 Cash received for premiums on new policies without deductions for commissions or other expenses 46727 1919 COMPTROLLERGENERALS REPORT 1 Cash received for renewal premiums without deduc tions for commissions or other expenses 64961 75 2 Premium notes loans or liens taken in part pay ment for premiums on new policies 1278 91 lxk Premium notes loans or liens taken in part pay ment for renewal pre miums 4803 12 3 From dividends applied to pay running premiums see item 11 Disburse ments 1555 29 Total 119326 26 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new busi ness 62724 renewals 1 90482 2532 06 7 Total preimium income 116794 20 8 Cash received for interest on mortgage loans 10568 49 10 Cash received for interest on premium notes loans or liens 1208 39 12 Cash received as discount on claims paid in advance none interest on deferred premiums 838 11 S38 11 Total income Total 129409 19 336741 71 IHDISBURSEMENTS DUBING YEAR 1898 1 Cash paid for death claims including revisionary addi tions 20600 00 5 Cash paid for sums falling due during the year on in stallment policies 600 00 Total 21200 00 7 Total net amount actually paid for losses and matured endowments 21200 00 9 Premium notes loans or liens used in pur chase of surrendered policies none voided by lapse 172165 1721 65COMPTROLLERGENERALS REPORT 9 Premium notes loans or liens used in payment of dividends to policyholders none policyloans voided by lapse 95794 957 94 10 Gash dividends paid ito policyholders 362 38 11 Cash dividends applied to pay running pre miums tsee item 3 Income 1555 29 13 Surrender values paid in cash 3013 68 Total paid policyholders 2881094 16 Cash paid guaranteed fun holders for in terest or dividends 1750 00 17 Cash paid for commissions and bonuses to agents less commission on reinsur ances new policies 3858695 renewals 369198 42278 93 18 Cash paid for salaries and allowances to managers and agents 4412 54 19 Cash paid for medical examiners fees 3 00360 inspection of risks 62069 3624 29 20 Cash paid for salaries and all other com pensation of officers and other home of fice employees 13396 16 21 Cash paid for taxes on new premiums 35447 on renewals 83093 1215 40 23 Cash paid for insurance department fees and agents licenses 43S 7a 24 Cash paid for rent 1472 00 25 cash paid for commuting commissions 5424 29 20 Cash paid for furniture fixtures and safes for home and agency offices 213 25 27 Cash paid for advertising 88652 printing 208716 2973 68 US Cash paid legal expenses 871 4u 29 Cash paid for the following items viz Postage 75722 managerial expenses 169681 medical directors fees 125300 office expenses 58070 actuarial fees 7710 telegraphing 21524 loan expen ses 9086 collecting expense 38534 revenue tax 33987 5396 14 30 Total disbursements 31 Balance 293 112277 82 224463 89 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 2 Loans on mortgage first liens on real es tate 18224000 other than first liens 186800 184108 00294 COMPTROLLERGENERALS REPORT 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 5 Premium notes loans or liens on poli cies in force of which 127891 was re ceived during the year 6 Cost value of certificates of deposit owned excluding accrued interest at time of pur chase 7 Cash in companys office 8 Cash with treasurer 9 Bills receivable 10 Agents ledger balances of which was advanced during the year part secured Loan taxes secured by mortgages 11 Total net or ledger assets as per balance above 13 Total net or ledger assets less depreciation 21863 19 2458 59 4500 00 3908 39 1438 64 142 02 5896 65 148 41 224463 89 224463 89 Other Assets H Interest due 152840 and accrued 378828 on mortgages 5316 68 17 Interest due 71106 and accrued 32936 on premium notes loans or liens 1040 42 Total carried out 6357 10 23 Gross premiums due and un reported on policies in force December 31 1398 24 Gross deferred premiums on policies in force December 31 1S98 Totals 25 Deducting loading 60 per cent on new and 4 per cent on renewals New Busness 22183 77 4229 10 26412 87 15847 72 Renewal 8435 80 7882 72 16318 52 652 74 10565 15 15665 78 26 Net amount of uncollocted and deferred premiums Extended 27 Furniture fixtures and safes 277195 commuted com missions 504795 Advances to agents secured 28 Total assets as per the books of the company 26230 93 7819 90 5854 19 270726 01COMPTROLLERGENERALS REPORT 295 Items Not Admitted 2 Furniture fixtures and safes 2771 95 3 Commuted commissions 5047 95 5 Agents balances not secured by bonds 4182 34 7 Bills receivable 142 02 8 Supplies printed matter and stationery nonepremium notes in excess of re serve on policies 1705 SO Total 8 Total assets less items not admitted 13850 06 256875 95 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1898 computed according to The Actuaries Table of Mortality with four per cent interest 203345 37 Deduct net value of risks of this com pany reinsured in other solvent com panies 1293 86 Net reinsurance reserve 207051 51 2 Premium notes or loans on policies and other obligations in excess of the net value of their policies see page No 2 tf Claims for death losses and other policy claims resisted by the company 10000 less reinsurance due from other com panies 5000 5000 00 8 Present value of unpaid amounts on ma tured installment policies face 12000 6792 98 Total policy claims 11792 98 13 Amount due on account of salaries rents and office ex penses ren corns 6678 med dir 22600 292 78 16 Amount of any other liability of the company viz Premiums paid in advance 350 04 17 Liabilities on policyholders account 219487 31 d8 Gross surplus on policyholders account 51238 70 19 Total liabilities 270726 01 VI PREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 2477 04296 COMPTROLLERGENERALS REPORT 2 Premium notes loams or liens received during the year on new policies 127891 on old policies 483681 6115 72 Total Deductions during the year as follows Amount of notes loans or liens voided by lapse Amount of notes loans or liens redeemed by maker in cash 1721 65 4412 52 Total reduction of premium note account Balance note assets at end of the year Business in Georgia during 1898 Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year Number and amount of policies on the lives of citi zens of Georgia issued during the year Total Deduct number and amount which have ceased to be in force during the year Total number and amount of policies in force in Georgia December 31 1898 8592 76 6134 17 2458 59 No J in nn 255 587500 00 268 594300 00 523 1131800 00 247 558000 00 276 623800 00 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 1337533 Notes or credits 18702 Total 1356235 BUSINB8S IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks Premiums Losses Tax 590S00 00 15474 11 154 74COMPTROLLERGENERALS REPORT 297 THE SECURITY TRUST AND LIFE INSURANCE COMPANY PHILA DELPHIA PA ICAPITAL STOCK 1 Amount of capital stock paid up in cash 350000 00 Amount of net or ledger assets December 31 of previous year Extended at 356959 25 II INCOME DURING YEAR 1898 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 203195 31 1 Cash received for renewal premiums without deduc tions for commissions or other expenses 254710 63 7 Total premium income S Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and dividends on stock 10 Cash received for interest on premium notes loans or liens 14 Cash received for profits on sales of bonds or stocks 17 From health insurance policies 18 From miscellaneous itefms charged to profit and loss Contributed by stockholders net 462905 94 4979 43 3563 82 2392 60 4220 85 2500 00 213 67 700000 00 iS6 Bbi1 4U Total income 1180776 31 Total 1367165 71 IIIDISBURSEMENTS DURING YEAR 1898 1 Cash paid for death claims including revisionary addi tions 157186 00 Total 157186 00 7 Total net amount actually paid for losses and matured endowments 8 Cash premiums returned 9 Premium notes loans or liens used in pur chase of surrendered policies voided by lapse 931473 157186 00 1383 69 9314 73298 COMPTROLLERGENERALS REPORT 33 Surrender values paid in cash 417 40 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 12863123 renewals 16 82914 145460 37 18 Cash paid for salaries and allowances to managers and agents expressage 318 54 19 Cash paid for medical examiners fees 931300 inspection of risks 359581 12908 SI 20 Cash paid for salaries and all other com pensation of officers and other home of fice employees 28111 96 21 Cash paid for taxes and renewal on new premiums 445675 capital stock 1 750 6206 75 22 Cash paid for traveling expenses 61111 loss on securities 844450 9055 61 23 Casn paid for insurance department fees and agents licenses 360937 municipal licenses 10000 3709 37 24 Cash paid for rent including 656335 companys occupancy less 3750 received under sublease 6525 85 25 Cash paid for commuting commissions 4000 00 26 Cash paid for furniture fixtures and safes for home and agency offices 79 00 27 Cash paid for advertising 590121 print ing 455872 postage 94973 11409 66 28 Cash paid for legal expenses 4726 88 29 Cash paid for the following items viz ex penses 4866 42 U S Revenue stamps 1728 40 Total miscellaneous expenses 23912762 30 Total disbursements 407429 44 S Balance 959736 27 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 900000 00 2 Loans on mortgage first liens on real sate 96800 00 Loans secured by commercial paper 11975 46 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 170 00 5 Premium notes loans or liens on policies in force 31976 95COMPTROLLERGENERALS REPORT 299 G Cost value of bonds and stocks owned excluding accrued interest at time of pur chase 57700 84 7 Cash in companys office 5215 90 8 Cash deposited in banks 23248 34 9 Bills receivable 2107 53 10 Agents ledger balances4 6182 91 Loans on policies of other companies as signed as collateral 3300 00 Companys stock owned 1860000 sun dry accounts 245834 21058 34 11 Total net or ledger assets as per balance above 1159736 27 Unsecured balance on account purchase of real estate 200000 00 13 Total net or ledger assets less depreciation Other Assets 959736 2 14 Interest due 83116 and accrued 146677 on mortgages 2297 93 16 Interest due and accrued 124000 on bonds and stocks 1240 00 Total carried out 23 Gross premiums due and un reported on policies in force December 31 1898 24 Gross deferred premiums on policies in force December 31 1898 Totals 25 Deducting loading 60 per cent on new and 7 per cent on renewals 26 Net amount of uncollected and deferred premiums 83172 00 37577 00 120749 00 72450 00 48299 00 52460 00 36704 00 89164 00 6241 00 82923 00 3537 93 Extended 131222 00 28 Total assets as per the books of the company 1094496 20 Items Not Admitted 1 Companys stock owned 18600 00 5 Agents balances 6182 91 6 Loans on personal security endorsed or not 11975 46 7 Bills receivable 2107 53300 COMPTROLLERGENERALS REPORT 8 Depreciation in ledger assets to bring same to market value Bonds and stocks 157584 Chestnut St Natl Bank ac count 629533 sundry accounts 2 45834 10329 51 Total 49195 41 Total assets less items not admitted 1045300 79 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1898 computed according to The Actuaries Table of Mortality with three per cent interest 310373 00 Special reserve for health insurance poli cies 1250 00 Net reinsurance reserve 311623 00 5 Claims for death losses and matured en dowments in process of adjustment or ad justed and not due 32000 00 6 Claims for death losses and other policy claims resisted by the company 11500 00 7 Death claims reportedno proofs received 7000 00 Total policy claims 50500 00 17 Liabilities on policyholders account 362123 00 18 Gross surplus on policyholders account 683177 79 19 Total liabilities 1045300 79 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 21209 57 2 Premium notes loans or liens received during the year on new and old policies 36898 20 Total 58107 77 Deductions during the year as follows Amount of notes loans or liens used in pay ment of losses and claims 349 30 Amount of notes loans or liens voided by lapse 9314 73 Amount of notes loans or liens redeemed by m iker in cash 16466 79 Total reduction of premium note account 26130 82 Balance note assets at end of the year 31976 95COMPTROLLERGEXERALS REPORT 301 Business in Georgia duriiiy 1898 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 57 132500 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 97 262213 00 Total 154 394713 00 Deduct number and amount which have ceased to be in force during the year 65 189675 00 Total number and amount of policies in force in Georgia December 31 1898 89 205038 00 Amount of losses and claims on policies in Georgia incurred during the year 1 1000 00 Total 1 1000 00 Amount of losses and claims on policies in Georgia paid during the year 1 1000 00 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 921450 Notes or credits 4660 Total 926110 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1893 Risks 195568 00 Premiums 8896 20 Losses 4000 00 Tax 88 96 THE SECURITY MUTUAL LIFE INSURANCE COMPANY BING HAMPTON N Y I CAPITAL STOCK Amount of net or lodger assets December 31 of previous year 495139 92 II INCOME DURING YEAR 1838 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 111193 60 iy2 Cash received for renewal premiums without deduc tions for commissions or other expenses 367415 89302 COMPTROLLERGENERALS REPORT 3 From dividends applied to pay running premiums see item 11 Disbursements 5965 89 484575 38 Total 7 Total premium income 484575 3S 8 Cash received for interest on mortgage loans 12558 IV 9 Cash received for interest on bonds owned and dividends on stock 3939 80 10 Cash received for interest on premium notes loans or liens 266 53 11 Cash received for interest on other detots due the company 83161 13 Cash received for rents for use of com panys property 1019 42 19 Prom all other sources viz Exchange 18561 interest received 107906 1264 67 Total income Total 504458 60 999598 52 IIIDISBURSEMENTS DURING YEAR 1898 1 Cash paid for death claims including revisionary addi tions 195879 75 5 Cash paid for sums failing due during the year on in stallment policies 17666 60 Total 213546 35 7 Total net amount actually paid for losses and matured endowments 213546 35 8 Premium payments returned to members 118 49 11 Cash dividends applied to pay running pre miums see item 3 Income 5965 89 13 Surrender values paid in cash 1351 04 Total paid policyholders 22098177 17 Cash paid for commissions and bonuses to agents less commission on reinsur ance new policies 10645299 renew als 3187297 138325 96 18 Cash paid for salaries and allowances to managers and agents 5515 48 19 Cash paid for medical examiners fees 8 42150 inspection of risks 306496 11486 46 20 Cash paid for salaries and all other com pensation of officers and other home of fice employees 22619 12 21 Cash paid for taxes on renewals 2469 73CO MPTROLLERGEXERALS REPORT 303 22 Cash paid for taxes on investments 220 21 23 Cash paid for insurance department fees and agents licenses 261609 municipal licenses 10100 2717 09 24 Cash paid for rent 5623 64 26 Cash paid for furniiture fixtures and safes for home and agency offices 2096 73 27 Cash paid for advertising 273258 print ing 445339 7185 97 28 Cash paid for real estate expenses other than taxes 1785 for legal expenses 91997 937 S2 29 Cash paid for the following items viz Internal revenue 232586 franchise tax 30000 postage 260205 traveling 496596 general account expenses 7 76277 exchange 464 accrued Interest paid 18500 collection 1356749 31713 77 Total miscellaneous expenses 23091201 30 Total disbursements 451893 78 31 Balance 5704 74 Invested in the following IVASSETS AS PER LKDGltR ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 9966 45 2 Loans on mortgage first liens on real es tate 252600 00 3 Loans secured by pledge of bonds stocks or other marketable collaterals 1400 00 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 131000 00 7 Cash in companys office 4547 87 8 Cash deposited in banks 104320 53 9 Bills receivable 17 68 10 Agents ledger balances of which 3679821 was advanced during the year 43444 21 Cash in hands of attorney 408 00 11 Total net or ledger assets as per balance above 547704 74 13 Total net orledger assets less depreciation Other Assets 14 Interest due 28700 and accrued 316086 on mortgages 3447 86 547704 74 Total carried out 3447 86304 COMPTROLLER GENERALS REPORT 23 Gross premiums due and unreported on policies in New BusiLess Eentwals force December 31 1898 18187 63 48215 15 24 Gross deferred premiums on policies in force December 31 1898 Totals 813 82 1116 24 19001 45 49331 39 25 Deducting cost of collection 65 per cent on new and 5 per cent on renewals Net amount of uncollected 12350 94 2466 56 26 and deferred premiums Total assets as per the boo 6650 51 46864 83 53515 34 28 604667 94 v LIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1898 computed according to The Actuaries Taible of Mortality with four 97794 89 Net reinsurance reserve 8 Present value of unpaid amounts on ma tured installment policies face 36 80428 32253 35 Total policy claims 13 Amount due on account of salaries rents and office expenses 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 19 Total liabilities 97794 89 32253 35 8758 83 138807 07 465860 87 604667 94 Business in Georgia duriny 1898 No Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 104 Number and amount of policies on the lives of citi zens of Georgia issued during the year 22 Total 126 Deduct number and amount which have ceased to be in force during the year 45 Ann mi 244500 00 40500 00 285000 00 102500 00COMPTKOLLERGENERALS REPORT 305 Total number and amount of policies in force in Georgia December 31 1898 81 182500 00 Amount of losses and claims on policies in Georgia incurred during the year 4 9000 00 Total 4 9000 00 Amount of losses and claims on policies in Georgia paid during the year 4 9000 00 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 440141 Notes or credits Total 440141 BUSINESS IN GEORGIA FOE VEAR ENDING APRIL 30 1899 Risks 193500 00 Premiums 3694 33 Losses 7000 00 Tax 36 94 SUN LIFE ASSURANCE COMPANY OF MONTREAL CANADA ICAPITAL STOCK 1 Amount of capital paid up in cash 105000 00 2 Amount of capital subscribed but unpaid 700000 00 Amount of net ledger assets December 31 of previous year 6648450 51 IIINCOME DURING THE YEAR 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 429860 03 li Cash received for renewal pre miums without deductions for commissions or other ex penses 1352973 12 3 From dividends applied to ipay running premiums see item 11 disbursements 14172 98 3J From dividends applied to pur chase paidup additions and annuities see item 12 dis bursements 27068 14 4 From surrender values applied to pay running premiums see item 14 disbursements 710 29 5 Consideration for annuities other than matured install ment policies 98466 63308 COMPTROLLERGENERALS REPORT Premium income thrift depart ment 73296 70 Total 1996547 98 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 177585 renewals 114492 2920 77 7 Total premium income 1993627 21 8 Oash received for interest on mortgage 1 loans 9 Cash received for interest on bonds owned and dividends on stock 10 Cash received for interest on premium I notes loans or liens 11 Cash received for interest on other debts due the company 12 Cash received as discount on claims paid in advanceJ 13 Cash received for rents for use of companys property including 550000 for companys own occupancy 19 From all other sources viz Premiums from combined accident policies 323909 73 10190 75 185 91 Total income 2327913 60 Total 8976364 11 10 11 12 10 IIIDISBURSEMENTS DURING THE YEAR Cash paid for death claims in cluding revisionary additions 478372 28 Oash paid for matured endow ments and additions thereto 88271 35 Cash paid for sums falling due during the year on install ment policies 200 03 Total net amount actually paid for losses and matured endowments 566843 63 Cash paid to annuitants 19884 44 Cash dividends paid policyholders 27298 00 Cash dividends applied to purchase pre miums see item 3 income 14172 98 Oash dividends applied to purchase paidup additions and annuities see item 3 in come 27068 14 Surrender values paid in cash 89589 01 Surrender values applied to pay running premiums see item 4 income 710 29 Total paid policyholders74556649 Cash paid stockholders for interest or divi dends 15750 00COMPTROLLERGENERALS REPORT 307 19 20 21 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 122341514 renewals 744 57003 on annuities 295400 300826 17 IS Oash paid for salaries and allowances to managers and agents 94999 4 Cash paid for medical examiners fees 34 80470 inspection of risks 200000 Cash paid for salaries and all other compen sation of officers and other home office employes Cash paid for taxes on new premiums 1 on renewals j 22 Cash paid for taxes on reserves on investmentsJ 23 Oash paid for insurance department fees and agents licenses 24 Cash paid for rent including 550000 com panys occupancy J 25 Traveling expenses Cash paid for furniture fixtures and safes for home and agency offices Cash paid for advertising 734342 print ing and stationery 1806542 Cash paid for real estate expenses other than taxes for legal expenses Cash paid for the following items viz Postage and sundries 2157415 light water and heat 104501 expense thrift department 5497259 expense accident department 17545 Profit and loss 26 27 28 29 36804 70 64764 65 1238 33 7580 19 6074 81 5090 70 25408 84 4113 59 55148 04 4090 88 L9 30 Total disbursements M03831 SI Balance 7572532 92 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all in cumbrances 2 Loans on mortgage first liens on real estate 4 Loans made in cash to policyholders on this companys policies assigned as collateral 5 Premium notes loans or liens on policies in force 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 7 Cash in companys office 8 Cash deposited in banks 9 Ground rents Policy loans under bond forfeiture agree ments 770460 80 3952099 51 565109 49 1196 21 1960665 59 10196 44 165405 78 38640 00 108011 70308 11 13 14 15 16 17 18 19 21 23 24 25 COMPTROLLERGENERALS REPORT 1220 40 Cash deposited Puerto Rico government Total net or ledger assets as per balance above Deduct agents credit balances Total net or ledger assets less depreciation 7573005 92 473 00 7572532 92 Other Assets Interest due 4884183 and accrued 88 46741 on mortgages Interest due 982839 and accrued 15 51119 on bonds and stocks Interest due 175174 and accrued 2 42518 on policy loans Interest dueand accrued 5661 on premium notes loans or liens Interest dueand accrued 8087 on other assets Rents due 275443 and accrued 3482 98 on companys property or lease Total carried out Market value of bonds and stocks over cost 137309 24 2539 58 4176 92 56 61 80 87 6237 41 173200 63 123196 47 Gross premiums due and unre ported on policies in force December 31 1898 Gross deferred premiums on policies in force December 31 1898 New Business Renewals 8458 84 183665 52 36836 20 99635 78 Totals 125295 04 Deduct loading 30 per cent on new and 3 per cent on renewals 37588 51 26 Net amount of uncollected and deferred premiums 877C6 53 28 Total assets as per the books of the company VLIABILITIES 1 Net present value of all outstanding poli cies in force on the 31st day of December 1898 computed according to H M of Mortality with 4 per cent interest and H M 3i per cent Deduct net value of risks of this com pany reinsured in other solvent com panies Net reinsurance reserve 4 Claims for matured endowments due and unpaid 283301 30 8499 04 274802 26 362508 79 8231438 81 7742447 22 6191 20 7736256 02 2646 50COMPTROLLERGENERALS REPORT 309 8 10 11 16 us 111 20 21 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due Claims for death losses and other policy claims resisted by the company Death losses reported and no proof received Present value of unpaid amounts on ma tured installment policies x Amount of trust funds held by the company Total policy claims 31967 23 8800 00 36298 14 2384 83 2988 86 Amount of all unpaid dividends of surplus or other description of profits due policyholders Amount of unpaid dividends to stockholders Amount of any other liability of the company viz Premiums paid in advance Amount deposited to meet maturity debentures 231807 Liability accident department 111 55 Liabilities on policyholders account Gross surplus on policyholdersaccount Total liabilities Estimated surplus accrued on tontine or other policies the profits upon which are especially reserved for that class of policies18277299 Estimated surplus accrued on all other policies 7162527 85085 56 31302 75 7875 00 9091 60 2429 62 7872040 55 359 398 26 8231438 81 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 1104 69 2 Premium notes loans or liens received dur ing the year on old policies 91 52 Balance note assets at end of the year 1196 21 STATE LIFE INSURANCE COMPANY INDIANAPOLIS IND Amount of net or ledger assets Dec 31 of previous year 107083 78 IIINCOME DURING THE YEAR 1898 1 Cash received for premiums on new policies without deduc tions for commissions or other expenses 156829 89 J Cash received for renewal pre miums without deductions for commissions or other expenses 153398 07 3 From dividends applied to pay running premiums 15595 44 4 From surrender values applied to pay running premiums 650 09 Total premium income 326473 49310 COMPTROLLERGENERALS REPORT 8 Cash received for interest on mortgage loans 5147 91 10 Cash received for interest on premium notes loans or liens 833 47 19 From all other sources viz Old account omitted from last report 332 31 Total income Total 332787 18 439870 96 IIIDISBURSEMENTS DURING YEAR 1898 1 Cash paid for death claims including revisionary addi tions 54500 00 7 Total net amount actually paid for losses and matured endowments 11 Cash dividends applied to pay running pre miums 13 Surrender values paid in cash 14 Surrender values applied to pay running premiums Agents unapplied cash carried to premium account 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 9708543 renewals 10 79086 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 20 Cash paid for salaries and all other com pensation of officers and other home office employes 21 Cash paid for taxes on new premiums 22 Cash paid for taxes on investments 23 Cash paid for insurance department fees and agents licenses if 233390 municipal licenses 10n58 24 Cash paid for rent 26 Cash paid for furniturefixtures and safes for home and agency offices 27 Cash paid for advertising 175166 print ing 304369 28 Cash paid for legal expenses 29 Cash paid for the following items viz In ternal revenue 1599 Misc expenses 200082 directors salaries 1500 trav eling expenses 434386 30 Total disbursements 31 Balance 54500 00 15595 44 157 08 650 09 1425 35 07876 29 4455 03 7141 13 31972 50 235 89 469 87 2434 48 2276 50 181 97 4795 35 1685 33 9443 68 245295 95 194575 01COMPTROLLERGENERALS REPORT 311 Invested in the following IVASSETS AS PEE LEDGER ACCOUNTS 2 Loans on mortgage 1st liens on real estate 3 Loans secured by pledge of bonds stocks or other marketable collaterals 6 c Cost value of bonds and stocks owned excluding accrued interest at time of purchase 7 Cash in companys office 8 Cash deposited in banks 9 Bills receivable 10 Agentsledger balances of which 618583 was advanced during the year Certificate of deposit Marion Trust Co 144400 00 1407 52 1000 00 3494 62 35841 95 513 60 7317 32 600 00 13 Total net or ledger assets less depreciation 194575 01 OTHER ASSETS 14 Interest due 11700 and accrued 192216 on mortgages Total carried out 2039 16 2039 16 23 Gross premiums due and un reported on policies in force December 31 J898 24 Gross deferred premiums on policies in force December 31 1898 Totals 26 Deducting loading 60 per cent on new and 3 per cent on renewals 26 Net amount of uncollected and deferred premiums Deduct agents unapplied cash New Business 89586 74 528 04 90114 78 54068 87 36045 91 Renewals 14279 56 12470 54 26750 10 802 50 28 25947 60 764 40 61229 11 Renewal premium notes secured by heirs on policies in force 9632 35 Total assets as per the books of the company 267475 63 ITEMS NOT ADMITTED 5 Agents balances 7 Bills receivable Total Total assets less items not admitted 7317 32 513 60 7830 92 259644 71312 COMPTROLLERGENERALS REPORT VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of Decem ber 1898 computed according to the Act uaries Table of Mortality with four per cent interest 150631 36 Net reinsurance reserve 150631 36 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 593 42 13 Amount due on accout of salaries rents and office ex penses 596 35 16 Amount of any other liability of the company viz Pre miums paid in advance 215 46 17 Liabilities on policyholders account 152 036 59 IS Gross surplus on policyholders account 107608 12 19 Total liabilities 259614 71 Business in Georgia During 1898 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 218 1070500 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 136 580500 00 Total 354 1651000 00 Deduct number and amount which have ceased to be in force during the year 157 748500 00 Total number and amount of policies in force in Georgia December 31 1898 197 902500 00 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 735500 00 Premiums 16116 84 Losses Tax 161 17 THE TRAVELERSLIFE INSURANCE COMPANY HARTFORD CONN ICAPITAL STOCK Amount of net ledger assets December 31 of previous year 18145325 49 IIINCOME DURING THE YEAR As shown by the books at home office at close of business December 31 1 First years premiums except items 3 and 5 less interest included in deferred premiums 827690 and 1220134 for 1st years reinsurance 437186COMPTROLLERGENERALS REPORT 31a 2 Renewal premiums except items 3 and 5 less interestin eluded in deferred premiums H041075and 8393876 for re newal reinsurance2183535 87 5 Surrender values applied to pay running premiums lsf year premiums 59077 re newals 415174 4742 51 7 Consideration for annuities other than matured install ment policies 13106 36 Total premium income 2638661 15 9 Rents from companys proper erty including 1500000 for companys use of own buildings 86404 80 10 Interest on loans on mortgages of real estate 335013 23 11 Interest on collateral loans in cluding premium notes loans or liens 133040 81 12 Interest on bonds and divi dends on stocks 350235 01 13 Interest on other debts due the company and on deposits in banks 40240 59 14 Discount on claims paid in ad vance and interest on deferred premiums 48687 65 Total rents and interest 17 From other sources viz Profit and loss 993622 00 7550 67 Total income during the year 3639833 82 Sum of both amounts 21785159 31 ITTDISBURSEMENTS DURING YEAR 1898 As shown by the books at home office at close of business December 31 1 For death claims 654181 59 2 Matured endowments 223882 65 3 Installment death claims 110876 42 Total 994940 66 4 Deduct amount received from other companies for claims on policies of this com pany reinsured of which is for matured endow ments 12481 00 5 Total net amount actually paid for losses and matured endowments 982459 06 i Paid to annuitants 15511 69314 COMPTROLLERGENERALS REPORT 11 Surrender values paid less 1539563 re ceived on surrendered reinsurances 368641 97 12 Surrender values applied to pay running pre miums 4742 51 Total paid policy holders 1371355 S3 14 Paid stockholders for interest or dividends amount declared during the year 125000 00 15 Commissions and bonuses to agents less commission received on reinsurances newpolicies 20204672 renewal policies 10867194 on annuities 137879 311097 45 17 Salaries and allowances for agencies includ ing managers agents and clerks 44233 59 18 Salaries and all other compensation offi cers 2600000 home office employes 5206263 78062 63 19 Medical Examiners fees 23777 16 20 Taxes on new premiums 390933 renewal premiums 2346019 on franchise 145000 on reserve 373380 municipal licenses 115021 U S revenue 352130 37230 83 21 Taxes on real estate 35640 70 22 Insurance department fees and agents li censes 15051 73 23 Repairs and expenses other than taxes on real estate 78734 02 24 Rent including 1509000 for companys use of own buildings 17351 38 25 Advertising 1502114 printing and sta tionery 604105 postage 597705 27039 24 26 Legal expenses 603837 for furniture etc 106177 7100 14 27 Losses on sales of real estate 409704 on sale or maturity of securities 1600000 20097 04 28 All other items viz Traveling expenses 119909 exchange 99176 express charges 62897 expense 1808792 25907 74 Total miscellaneous expenses 81632365 Total disbursements 2217679 48 Balance 19567479 83 IVLEDGER ASSETS As per ledger accounts shown by the1 books at home office at close of busi ness December 31 1 Book value real estate unincumbered 1857041 71 2 Mortgage loans on real estate first liens 5785923 99 3 Loans secured by pledge of bonds stocks or other collateral 1182327 64 4 Loans made to policy holders on this com panys policies assigned as collateral 1175489 24COMPTROLLERGENERALS REPORT 315 6 Book value bonds excluding interest 0612 23706 stocks 191350843 8525745 49 7 Cash in companys office 202598 depos ited in bank 103637860 1038404 58 8 Bills receivable agents debit bal ances 254718 2547 18 Total net ledger assets as per balance above 19567479 83 NonLedger Assets 92109 65 109581 93 17480 65 219172 23 10 Interest due and accrued on mortgages 11 Interest due and accrued on bonds and stocks 12 Interestdue and accrued on collateral loans 16 Market value of real estate over book value 17 Market value not including interest in item 11 of bonds and stocks over book value New Buiues 18 Gross premiums not more than three months due after period of grace unreported on poli cies outstanding Dec 311838 93745 78 19 Gross deferred premiums on policies outstanding Dec 31 1898 59338 02 152642 72 274546 32 Eenewals 211800 83 307433 73 519234 56 25961 73 427189 04 Totals 150033 80 21 Deductcost of collection 45 per cent on new 5 per cent on renewals 67537 71 22 Net amount of uncollected and deferred premiums 82546 09 Gross assets 20789560 02 493272 83 575S18 92 Deduct Assets Not Admitted 3 Agents debit balances not secured by bonds 2547 18 Total admitted assets 20787 112 84 VNONLEDGER LIABILITIES As shown by books at home office at close of business December 31 1898 Reserve for indemnity contracts 5000 00 1 Net present value of all the outstanding pol icies in force on the 31st day of Dec 1898 as computed by the company according to the Actuaries Table of Mortalities with four per cent interest 18255251 00 Same for annuities including those in re duction of premiums 115222 00 Total 18375473 00316 COMPTROLLERGENERALS REPORT Deduct net value of risks of thiscom pany reinsured in other solvent com panies 367S77 00 Net reserve i8 007596 00 2 Present value of amounts not yet due on matured installment policies face 690 14300 included in item I of liabilities 507044 00 3 Matured endowments due and unpaid 3887 00 4 Death losses due and unpaid 10800 00 5 Death losses in process of adjustment or adjusted and not due 26808 23 6 Death losses which have been reported and no proofs received 66 354 00 7 Death losses and other policy claims resist ed by the company not yet outlawed 7550 00 Gross policy claims 115399 23 Net policy claims 115399 23 21 Salaries rents expenses taxes bills accounts bonuses commissions medical and legal fees etc dueoraccrued 25000 00 32 Premiums paid in advance 35267 68 14 Any other liability viz Reserve for anticipatedchange in rate of interest 400000 00 Liabilities on policyholders account 19090306 91 Gross divisible surplus 1 gg q5 93 Capital stock paid up 1696805 93 Total 20787112 84 Business in Georgia during the year ending Leo 31 1898 t x j Amount Number and amount of policies on the lives of citi zens of said State in force December 31 of pre vious year 833 3375366 00 Number and amount of policies on the lives of citi zens of said state issued during the year 168 613396 00 Total 1001 3988762 00 Deduct number and amount which have ceased to be in force during the year 38 424032 00 Total number and amount of policies in force in said state December 31 last 863 3564730 00 Amount of losses and claims on policies in slid state incurred during the year 21 36075 82 Total 21 36075 82 Amount of losses and claims on policies in said state settled during the year in cash 3607582 by compromise 21 36 075 82COMPTROLLERGENERALS REPORT SXi What amount of premiums was collected or secured in said state during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 106023 01 Notes or credits S total 10602301 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 3773204 00 Premiums 111099 77 Losses 17245 52 Tax 1110 99 THE UNITED STATES LIFE INSURANCE COMPANY OF NEW YORK NEW YORK ICAPITAL STOCK 1 Amount of capital stock paid up in cash 440000 00 a Amount of net or ledger assets December 31 of previous year 7195250 97 Extended at 7195250 97 II INCOME DURING THE YEAR As shown by the books at Home Office at close of Business December 31st 1 First years premiums less in terest included in deferred premiums none and 3 42147 for 1st years reinsur ance 179913 93 2 Renewal premiums less inter est included in deferred premiums 741813 and 5 37945 for renewal reinsur ance 891948 89 3 Dividends applied by policy holders to pay running pre miums 1st year premiums 102166 renewals 13223 1153 89 4 Dividends applied by policy holders to purchase paidup additions and annuities 4718 00 5 Surrender values applied to pay running premiums 1st year premiums 42148 421 48 t Surrender values applied to purchase paidup insurance and annuities 54673 83 7 Consideration for annuities other than matured instal ment policies 52241 00 8 Total premium income 1185071 02318 COMPTROLLERGENERALS REPORT 9 Rents from Cos property in cluding none for Cos use of of own buildings 25833 17 10 Interest on loans on mort gages of real estate 224975 74 11 Interest on collateral loans including premium notes loans or liens 28059 27 12 Interest on bonds and divi dends on stocks 78849 68 13 Interest on other debts due the company and on depos its in banks 2360 95 14 Discount on claims paid in advance none interest on deferred premiums 7418 13 Total rents and interest 367496 94 15 Profit on sales of real estate none on sale or maturity of securities 17669 17 Total income during the year 1570237 13 Sum of both amounts 876548S 10 IIIDISBURSEMENTS DURING YEAR As shown by the books at Home Office at close of business December Slst 1 For death claims 30986150 additions 12892 08 522756 58 2 Matured endowments 55310 additions 113492 56444 92 3 Installment death claims 33333 addi tions none 333 33 Total 579534 83 4 Deduct amount received from other com panies for claims on policies of this com pany reinsured of which none is for ma tured endowments 5000 00 5 Total net amount actually paid for losses and matured endowments 574534 83 6 Paid to annuitants 3278 99 7 Premium notes voided by lapse less 2 67450 restored by revival 15397 96 8 Dividends paid policyholders less none re ceived for dividends on reinsurances 85658 78 9 Dividends applied by policyholders to pay running premiums 1153 89 10 Dividends applied by policyholders to pur chase paidup additions and annuities 4718 00 11 Surrender values paid less 91485 receiv ed on surrendered reinsurances 149547 37 12 Surrender values applied to pay running premiums 421 48COMPTROLLERGENERALS REPORT 319 13 Surrender values applied to purchase paid up insurance and annuities 54673 83 Total paid policyholders 889385 13 14 Paid stockholders for interest 30800 00 15 Commissions and bonuses to agents less commission received on reinsurances new policies 11556241 renewal poli cies 14328918 on annuities 340947 162261 06 17 Salaries and allowances for agencies in cluding managers agents and clerks 80287 22 18 Salaries and all other compensation offic ers 3406998 home office employes 2725633 61326 31 19 Medical examiners fees 1499955 inspec tion of risks none 14999 55 20 Taxes on new premiums 171194 renewal premiums 769059 on franchise none on reserves 135973 municipal licenses 59254 11354 80 21 Taxes on real estate 776099 7760 99 22 Insurance department fees and agents li censes 3235 90 23 Repairs and expenses other than taxes on real estate 10461 60 24 Rent including none for companys use of own buildingsless none received under sub lease 25202 82 25 Advertising 1805638 printing and sta tionery 553982 postage exchange ex press etc 761640 31212 60 26 Legal expenses 1153150 11531 50 28 All other items viz profit and loss ac count must be itemized directors fees 6320 profit and loss account ledger balances 253199 miscellaneous ex penses 1132288 traveling expenses 75915 internal revenue taxes 106647 22000 49 Total miscellaneous expenses 472434 84 Total disbursements 1361819 97 Balance 7403668 13 Invested in the following IVLEDGER ASSETS 1 Book value real estate unincumbered 53265873 incumbered none 532658 73 2 Mortgage loans on real estate first liens 471666641 4716666 41 3 Loans secured by pledge of bonds stocks or other collateral 8345 58 4 Loans made to policyholders on this com panys policies assigned as collateral 433543 75320 COMPTROLLERGENERALS REPORT 5 Premium notes on policies in force of which 12243 is for first years premiums 6 Book value bonds excluding interest 1 52189384 stocks 14300 1536193 84 7 Cash in companys office 110993 deposit ed in bank 15996305 161072 98 8 Bills receivable 2320 agents debit bal ances 1286684 secured 15186 84 Total 7403668 13 Total net ledger assets as per balance above 7403668 13 NonLedger Assets 10 Interest due 202500 and accrued 15 01162 on mortgages 11 Interest due none and accrued 21795 05 on bonds and stocks 12 Interest due none and accrued 25037 on collateral loans 13 Interest due 452201 and accrued 12 70916 on premium notes loans or liens 14 Interest due none and accrued 25080 on other assets 15 Rents due on companys property or lease 16 Market value of real estate over book value 17 Market value of bonds and stocks overbook value 18 Gross premiums not more than three months due af ter period of grace unre portedon policies outstand ing December 31st 19 Gross deferred premiums on policies outstanding De cember 31st Totals 21 Deduct cost of collection 50 per cent on new 6 per cent on renewals 22 Net amount of uncollected and deferred premiums New Business 47036 62 21795 05 250 37 17231 17 250 80 53041 27 178783 46 Renewals 34427 65 114553 49 73624 53 34427 65 188178 02 17213 82 17213 83 1HS39 54 177338 48 86564 01 231824 7 Gross assets 194552 31 7916609 18 VNONLEDGBB II A liI LIT Ks As shown by tht books at Hbmt Office at close of busini ss J mbt r 31st 1 Net present value of all the outstanding policies in force on the 31st day of De iber 1898 as computed by the com pany according to The Actuaries Table i f Mortality with 4 percent interest 6811338 00COMPTROLLERGENERALS REPORT 321 Same for revisionary additions 115142 00 Same for annuities including those in re daction of premiums 68623 00 Total Deduct net value of risks of this company reinsured in other solvent companies Net reserve Present value of amounts not yet due on matured instal ment policies face 3000000 6995103 00 48703 00 6946400 00 18667 00 14127 00 35325 31 38795 00 12513 51 100760 82 11 12 13 14 Matured endowments due and unpaid Death losses in process of adjustment or adjusted and not due Death losses which have been reported and no proofs received Death losses and other policy claims resist ed by the company not yet outlawed Gross policy claims Net policy claims Unpaid dividends or other profits due policyholders in cluding those contingent on payment of outstanding and deferred premiums Salaries rents expenses taxes bills accounts bonuses commissions medical and legal fees etc due or ac crued Premiums paid in advance Surrender values claimable on policies canceled whose re serves are not included in item 1 Any oilier liability viz cost of collection of part premi um notes Liabilities on policyholders account Gross divisible surplus Capital stock paid up 38563 01 440000 00 Total Business in Georgia Qurlng Year 1898 No Number and amount of policies on the lives of citizens of Georgia in force Dec 31 of previous yenr 297 Number and amount of policies on the lives of citizens of Georgia issued during ihe year 96 Total Deduct number and amount of policies which have ceased to be in force during the year ii Total number and amount of policies in force in Geor gia December 31 1898 399 Amounl of losses and claims on policies in Georgia in curred during the year L Amount of losses and claims on policies in Georgia paid during the year 2 10060 82 9826 00 3060 52 2732 73 2475 CO 7074 10 7090996 17 825613 01 7916609 18 Amount 813435 00 279300 00 1092735 00 17950 mi 91323 5500 00 5500 CO322 COMPTROLLERGENERALS REPORT What amount of premiums was collected or secured in said state during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 2271705 Notes or credits Total 2271705 BUSINESS IN GEORGIA FOR YEAR ENDING APRII 30 1899 Risks 916235 00 Premiums 25378 05 Losses 5500 00 Tax 253 78 THE UNION CENTRAL LIFE INSURANCE CO CINCINNATI O I CAPITAL STOCK 1 Amount of capital stock paid up in cash 100000 00 Amount of net ledger assets December 31 of previous year 17931272 13 Extended at 17931272 13 II INCOME DURING THE YEAR 1898 1 From premiums on new poli cies without deductions for commissions or other ex penses 881113 65 1 From renewal premiums without deductions for commissions or other ex penses 2952191 ii7 3 From dividends applied to pay running premiums see item 11 Disbursements 81857 69 From dividends applied to purchase paidup additions and annuities see item 12 Disbursements 18122 OS 4 From surrender values applied to pay running premiums see item 14 Disbursements 6636 94 44 From surrender values ap plied to purchase paidup insurance and annuities see item 15 Disbursements 85553 72 5 Consideration for annuities other than matured install ment policies 32323 02 Total 4057 798 77COMPTROLLERGENERALS REPORT 328 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 3547725 renewals 54 30514 89842 39 Total premium income 3967956 38 S Cash received for interest on mortgage loans 960160 42 9 Cash received for interest on bonds owned and dividends on stock 1299 50 10 Cash received for interest on premium notes loans or liens 63797 65 11 Cash received for interest on other debts due the company 159227 31 13 Cash received for rents for use of companys property including 5000 for companys own occupancy 20992 63 Total income 5185191 89 Total 23116404 02 III DISBURSEMENTS DURING THE YEAR 1 Cash paid for death claims in cluding revisionary addi tions 837608 09 2 Premium notes loans or liens used in payment of same 10497 16 3 Cash paid for matured endow mentsand additions thereto 165878 83 4 Premium notes loans or liens used in payment of same 2080 05 Total 1016064 13 6 Deduct amount received from other companies for losses or claims on policies of this company reinsured 2500 00 7 Total net amount actually paid for losses and matured endowments 1013564 13 8 Cash paid to annuitants 3893 07 9 Premium notes loans or liens used in pur chase of surrendered policies 300846 voided by lapse 19802704 201035 50 9 Premium notes loans or liens used in pay ment of dividends to policyholders 3196 46 10 Cash dividends paid policyholders 77753 42 11 Cash dividends applied to pay running pre miums see item 3 Income 81857 69 12 Cash dividends applied to purchase paidup additions and annuities see item 3i In come 18122 08324 COMPTROLLERGENERALS REPORT 13 Surrender values paid in cash 109440 50 14 Surrender values applied to pay running premiums see item 4 Income 6636 94 15 Surrender values applied to purchase paid up insurance and annuities see item 4 income 85553 72 Total paid to policyholders 1601059 51 16 Cash paid stockholders for interest or div idends 10000 00 17 Cash paid for commissions and bonuses to agents less commission on reinsur ance new policies 45632295 renewals 18416229 annuities 1616 15 642101 39 18 Cash paid for salaries and allowances to managers and agents 54082 73 19 Cash paid for medical examiners fees 59160 25 20 Cash paid for salaries and all other compen sation of officers and other home office employees 113279 70 21 Cash paid for taxes on new and renewals 50472 59 22 Cash for taxes on reserves 43150 on in vestments 124989 on real estate 1279934 14480 73 23 Cash paid for insurance department fees and agents licenses and municipal li censes 1286432 war tax 587429 18738 61 24 Cash paid for rent including 5000 compa nys occupancy 31367 64 25 Cash paid for commuting commissions 222 89 26 Cash paid for furniture fixtures and safes for home and agency offices 10952 16 27 Cash paid for advertising 592173 print ing 2499617 postage 822051 39138 41 28 Cash paid for real estate expenses other than taxes 1699172 for legal expenses 1220677 29198 49 29 Cash paid for the following items viz losses on sale real estate 727455 ac counts charged to profit and loss 42 74382 general expenses 4013544 trav eling expenses 1851686 mortgage in vestment expense 11483004 223490 71 Total miscellaneous expenses gl30269630 30 Total disbursements 2903755 81 31 Balance 20212 648 21 Invested in the following IVASSETS AS PEE LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 577020 679 10 11 12 13 COMPTROLLERGENERALS REPORT Loans on mortgage first liens on real es tate 15468620 75 Loans made in cash to policyholders on this companys policies assigned as col lateral 22405P3 16 Premium notes loans or liens on policies in force of which 15313323 was received during the year Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase Cash in companys office Cash deposited in banks Rills receivable Agents ledger balances 325 958158 03 384734 37 481 07 351082 00 69527 34 192240 02 Total net or ledger assets as per balance above 20242457 41 Deduct agents credit balances 29809 20 Total net or ledger assets less deprecia tion 20212648 21 14 15 16 17 19 20 21 Other Assets Interest due 6010149 and accrued 401 20634 on mortgages 461307 83 Interest accrued on bonds and stocks 1481 67 Interest due 388821and accrued 8241968 on collateral loans 86307 89 Interest accrued on premium notes loans or liens 26766 89 Rents accrued on companys property or lease 8039 57 Total Market value of real estate over cost Market value of bonds and stocks over cost 583903 85 5367 76 2546 8S 23 24 25 26 8 New Business Renewals Gross premiums due and unreported on policies in force Dec 31 1898225946 56 63796 81 Gross deferred premiums on policies in force Dec 31 1898 22414 98 56759 74 Totals 248361 54 120556 55 Deducting loading 47 per cent on new and 6 per cent on re newals 117971 73 7214 76 Net amount of uncollected and de ferred premiums 130389 81 113341 79 243731 60 Total assets as per the books of the company 21048198 30326 COMPTROLLERGENERALS REPORT Items not Admitted Commissions payable to agents on premium notes when paid Agents balances Bills receivable 118471 55 192240 02 69527 34 Total Total assets less items not admitted VLIABILITIES 1 Net present value of all the outstanding pol icies in force on the 31st day of December 1898 computed according to the Actuaries Table of Mortality with4 per ct interest 4 Claims for matured endowments due and unpaid 5 Claims for death losses and matured endow ments in process of adjustment or ad justed and not due 6 Claims for death losses and other policy claims resisted by the company 7 Amounts due on death losses which have been reported and no proofs received net Total policy claims 380238 9 20667959 3i 17893314 0l 3100 00 14428 00 47448 00 58349 00 10 Amount of all unpaid dividends of surplus or other profits due policyholders 16 Amount of any other liability of the company viz prem iums paid in advance 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 123325 0 5396 51 72210 68 18094246 19 2573713 20 VI PREMIUM NOTE ACCOUNT 1 Premium notes loans or leins on hand De cember 31 of previous year 916650 67 2 Premium notes loans or leins received dur ing the year on new policies 35417295 on old policies 126953908 1623712 03 Total Deductions during the year as follows Amount of notes loans or liens used in payment of losses and claims 12577 21 Amount of notes loans or liens used in purchase of surrendered policies 3008 46 Amount of notes loans or liens voided by lalse 201035 50 Amount of notes loans or liens used in payment of dividends to policyholders 3196 46 Amount of notes loans or liens redeemed by maker in cash 1362387 04 Total reduction of premium note account Balance Note assets at end of the year 2540362 7 1582204 67 958158 03COMPTROLLERGENERALS REPORT 327 Business in Georgia During 1898 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 938 1914277 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 352 8277 00 Total1290 2697054 00 Deduct number and amount which have ceased to be in force during the yearJ218 41295000 Total number and amount of policies in force in Georgia December 31 18981072 2284104 00 Amount of losses and claims on policies in Georgia un paid December 31 of previous year 1 50 00 Amount of losses and claims on policies in Georgia in curred during the year 12 16971 00 Total3 21977 00 Amount of losses and claims on policies in Georgia paid during the year 12 16977 00 Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any deduc tion for losses dividends commissions or other expenses 72591 27 BUSINESS IN GEORGIA FOE YEAR ENDING APRIL 30 1899 Risks 2381390 00 Premiums 74057 2o Losses 3295200 Tax 740 5 THE WASHINGTON LIFE INSURANCE COMPANY NEW YORK NEW YORK ICAPITAL STOCK 1 Amount of capital stock paid up in cash 125000 00 Amount of net or ledger assets December 31 of previous year 14068530 69 Extended at 14068530 69 IIINCOME DURING YEAR 1898 1 Cash received for premiums on new policies without deductions for commissions or other expenses 271717 66 1 Cash received for renewal premiums without deduc tions for commissions or other expenses 1492019 6232S COMPTROLLERGENERALS REPORT 3 Prom dividends applied to pay running premiums see item 11 Disbursements 77266 85 3 Prom dividends applied to purchase paidup additions and annuities see item 12 Disbursements 101071 00 4J From surrender values applied to purchase paid up insur ance and annuities see item 15Disbursements 98746 43 5 Consideration for annuities other than matured in stallment policies 21445 35 7 Total premium income 2062266 91 8 Cash received for interest on mortgage loans 470412 95 9 Cash received for interest on bonds owned and dividends on stock 37171 29 11 Cash received for interest on other delts due the company 105844 36 12 Cash received as discount on claims paid in advance 8451 09 13 Cash received for rents for use of com panys property including 3493333 for companys own occupancy 118720 80 14 Cash received for profits on sales of bonds or stocks 4635121 real estate 7092 46422 13 Total income 2849289 53 Total 16917S20 22 III DISBURSEMENTS DURING YEAR 1898 1 Cash paid for death claims including revisionary addi tions 817141 32 3 Cash paid for matured en dowments and additions thereto 311471 19 7 Total net amount actually paid for losses and matured endowments 1128612 51 8 Cash paid to annuitants 20036 77 9 Return premiums 3163 00 11 Cash dividends applied to pay running premiums see item 3 Income 77266 85 12 Cash dividends applied to purchase paid up additions and annuities see item 3 Income 101071 00 13 Surrender values paid in cash 93256 68COMPTROLLERGENERALS REPORT 329 15 Surrender values applied to purchase paid up insurance and annuities see item 4y2 Income 98746 43 Total paid policyholders 152215324 16 Cash paid stockholders for interest or divi dends 8750 00 17 Cash paid for commissions and bonuses to agents less commission on reinsur ance new policies 15148573 renewals 9071413 242199 86 18 Cash paid for salaries and allowances to managers and agents 101714 12 19 Cash paid for medical examiners fees 3150813 inspection of risks 1247915 43987 28 20 Cash paid for salaries and all other com pensation of officers and other home of fice employees 102948 29 21 Cash paid for taxes on premiums 15 12915 Internal Revenue tax 376290 18892 05 22 Cash paid for taxes on reserves 282658 on investments 1791513 20741 71 23 Cash paid for insurance department fees and agents licenses 231106 municipal licenses 629779 franchise 28095 8889 80 24 Cash paid for rent including 3493333 companys occupancy SO846 15 25 Cash paid for commuting commissions 35156 42 27 Cash paid for advertising 1032209 print ing and stationery 1384153 exchange and postage 879319 32956 81 28 Cash paid for real estate expenses other than taxes 23404 50 29 Cash paid for the following items viz Of fice expanses 1537080 interest 774662 23117 42 Profit and loss 11312 83 Total miscellaneous expenses 73491724 30 Total disbursements 2257070 48 21 Balance 14660749 74 Invested in the following IVASSETS AS PER LEDGER ACCOTNTS 1 Cost value of real estate exclusive of all incumbrances 4494916 60 2 Loans on mortgage first liens on real es tate 8411215 38 3 Loans secured by pledge of bonds stocks or other marketable collaterals 50000 00 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 977267 61330 COMPTROLLERGENERALS REPORT 6 Cost value of bonds and stocks owned excluding accrued interest at time ot purchase 496040 33 7 Cash in companys office 17969 66 8 Cash deposited in banks 166065 41 10 Agents balances partly secured 2500 paid since December 31st 400S7 96 Office furniture 7186 79 11 Totalnet or ledger assets as per balance above 14660749 74 12 Deduct depreciation from cost of assets to bring same to market value 5986 25 13 Total net or ledger assets less depreciation 14654763 49 OTHER ASSETS 14 Interest due 3591822 and accrued 78 75805 on mortgages 15 Interest due and accrued 1454Hi on bonds and stocks Hi Interest due 589811 and accrued 14 16611 on collateral loans IS Interest due and accrued 380795 on other assets 19 Rents due 83125 and accrued 1966073 on companys property or lease Total carried out 114676 27 1454 16 20064 22 3807 95 20491 98 160494 58 New Business 23 Gross premiums due and unre ported on policies in force December 31 1898 47516 19 21 Gross deferred premiums on policies in force December 31 1898 35195 51 Totals 82711 70 25 Deducting loading55 percent on new and 58 percent on renewals 46070 41 26 Net amount of uncollected and deferred premiums 36641 29 28 Renewals 73669 21 170839 13 244508 34 14181 49 230326 85 266968 14 Total assets as per books of the company 15082226 21 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1898 computed according to The Actuaries Table of Mortality with four per cent interest 14359984 00 Net reinsurance reserve 14 359 984 00COMPTROLLERGENERALS REPORT 331 3 Claims for death losses due and unpaid 916 00 4 Claims for matured endowments due and unpaid 8578 28 5 Claims for death losses and matured en dowments in process of adjustment or ad justed and not due 9000 00 6 Claims for death losses reported only 42353 90 Total policy claims 60848 18 16 Amount of any other liability of the company viz Pre miums paid in advance 11212 30 17 Liabilities on policyholders account 14432044 48 18 Gross surplus on policyholders account 650181 73 19 Total liabilities 15082226 21 Business in Georgia during 1898 No Amount Number and amount of policies on the lives of citi zens of Georgia in force December 31 of previous year 577 949296 00 Number and amount of policies on the lives of citi zens of Georgia issued during the year 84 124872 00 Total 661 1074168 00 Deduct number and amount which have ceased to be in force during the year 122 200812 00 Total number and amount of policies in force in Georgia December 31 1898 539 873356 00 Amount of losses and claims on policies in Georgia incurred during the year 7 12048 50 Total 7 12048 50 Amount of losses and claims on policies in Georgia paid during the year 6 11048 50 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 2713619 Notes or credits Total 2713619 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 892315 00 Premiums 27769 03 Losses 20653 00 Tax 277 69332 COMPTROLLERGENERALS REPORT THE ATLANTA MUTUAL LIFE INSURANCE COMPANY ATLANTA GEORGIA IBALANCE SHEET a Amount of net or ledger assets December 31st of pre vious year By credits of claims against the Union Loan and Trust Company and States Savings Bank not al lowed by the Insurance Commissioner Ledger assets 18873 17 15390 C8 3483 oit IIINCOME DURING YEAR 1898 Gross amount paid by members to the association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 73 00 2 Annual dues 10077 70 4 For medical examiners fees L72 50 Total paid by members 10323 20 7 Cash received from all other sources 27 K Total income Total DISBURSEMENTS DURING lEAR L898 1 Losses and claims 4 374 23 3 Commissions and fees retained by or paid 11 merits 663 93 Salaries and traveling expenses of managers of agencies and general special and local aSents 239 05 6 Medical examiners fees whether paid di rect by members or otherwise 172 Salaries and oher compensation of officers and other office employees ggj 90 8 Rent 94000 taxes 15320 1093 20 9 Advanced to 1 fleers and agents to he repaid out of future salaries or conmissions 399 02 10 Advertising 7953 blanks and printing 7i5 losss li All other items viz Furniture 22024 office supplies 18358 postage 9950 incidental expenses exchange discount collections etc 16001 ggg 33 Total expenses footings of item 3 to 11 525481 Total disbursements Balance 10350 20 13833 29 9629 in 1204 25COMPTROLLERGENERALS REPORT IVINVESTED ASSETS 6 Cash in office 6 66 7 Cash deposited in banks on reserved fund account Atlanta National Bank Security account Total ff Agents ledger balances 9 All other ledger assets Furniture 10 Total net or ledger assets Total net or ledger assets less depreciation VCONTINGENT ASSETS 12 Interest due 17 Mortuary assessments due and unpaid on memberships in force 18 Mortuary assessments not yet due Total due from members 13467 79 Total 333 119 50 977 87 1104 03 843 75 956 47 1300 00 3100 22 ation 4204 25 623 85 1497 25 11970 54 21 Total assets VILIABILITIES 2 Losses in process of adjustment or adjusted and not due 6 For salaries rents and office expenses Total liabilities 14091 64 18295 89 2023 00 52 75 2075 75 VII EXHIBIT P CERTIFICATES OB POLICIESNUMBER AND AMOUNT Total Business of 1698 No Amount Policies or certificates in force December 31 1897 522 716751 00 Policies or certificates written during the year 1898 259 345500 00 Total 881 1062250 00 Deduct number and amount which have ceased to be in force during 1898 283 359750 00 Total policies or certificates in force December 31 L808 598 702501 00 202 oo 4374 23 6397 23 Losses and claims on policies or certificates unpaid De cember 31 18 S 7 Losses and claims on policies or certificates incurred during the year 1898 67 74 Total Losses and claims on policies or certificates paid during the year 1898 67 137 1 23 Business In Georgia Durng 1S9S No Amount Policies or certificates in force December 31 1897 595 546250 00 Policies or certificates written during the year 1898 208 277500 00 Total 803 823750 00334 COMPTROLLERGENERALS REPORT Peduct number and amount which have ceased to be in force during 1898 274 315750 00 Total policies in force December 31 189S 529 508000 00 Losses and claims on policies or certificates unpaid De cember 31 1898 7 2023 00 Losses and claims on policies or certificates incurred during the year 1898 60 4166 23 Total 67 6189 23 Losses and claims on policies or certificates paid during the year 1898 60 4166 23 THE BANKERS GUARANTEE FUND LIFE ASSOCIATION ATLANTA GA IBALANCE SHEET Amount of net or ledger assets December 31st of pre vious year 68179 36 IIINCOME DURING YEAR 1898 Gross amount paid by members to the as sociation or its agents without deduc tions for commissions or other expen ses as follows 1 Membership fees 6914 60 2 Annual dues 32559 66 3 Assessments 19193 04 Total paid by members 58667 30 5 Interest 1147 73 7 Cash received from all other sources viz Commission in office 342 62 Guarantee fund 508o 82 Total income g5 238 47 Total 133417 S3 IIIDISBURSEMENTS DURING YEAR 1898 1 Losses and claims 17400 00 Disability claim 300 00 2 Annual payments and assessments returned to members guarantee fund returned to members 151 50 Total paid to members 17851 50COMPTROLLERGENERALS REPORT 335 3 Commissions and fees retained by or paid to agents 5 Salaries and traveling expenses of mana gers of agencies and general special and local agents 6 Medical examiners fees whether paid di rect by members or otherwise 7 Salaries and other compensation of officers and other office employees 8 Rent 78200 taxes 72173 9 Advanced to agents to be repaid out of future salaries or commissions 10 Advertising 45583 blanks and printing 11 All other items viz Postage 109677 exchange 61258 revenue 45794 sun dry expenses 105818 License 63750 attorneys fees and in surance 12000 adjusting claims 31085 Total expenses footings of Items 3 to 11 2658681 8077 31 1484 90 1618 25 7190 80 1503 73 1115 31 1302 69 3225 47 1068 35 Total disbursements 44438 31 Balance 5979 52 IVINVESTED ASSETS Where held as a Reserve Fund state the fact specifically 5 Cost value of bonds and stocks owned ab solutely 30370 00 6 Cash in office 1284 41 Bank depositories 18366 74 8 Agents ledger balances 7913 78 9 All other ledger assets viz Bills re ceivable 30211 31 Fixtures 833 28 Total net or ledger assets less depreciation 88979 52 VCONTINGENT ASSETS 15 Market value of bonds and stocks over cost 18 Mortuary assessments not yet due 7913 15 20 Annual payments or premiums in process of collection not yet due 7234 14 23 Net amount due from members Total assets 742 50 15147 29 104S69 31336 COMPTROLLERGENERALS REPORT VI LIABILITIES 2 Losses in process of adjustment or adjusted and not due number of claims 3 10000 00 4 Losses resisted by the company number of claims 2 8000 00 Total liabilities 18000 00 VIIEXHIBIT OF CERTIFICATES OR POLICIESXUMBER AND AMOUNT No Amount Policies or certificates in force December 31 1897 2114 4237500 00 Policies or certificates written during the year 1898 472 1000500 00 Total 2586 5238000 00 Deduct number and amount which have ceased to be in force during 1898 338 776500 00 Total policies or certificates in force December 31 1898 2248 4461500 00 Losses and claims on policies or certificates unpaid December 31 1897 2 4000 00 Marcus Frankee died 1897 not included 1 2000 00 Losses and claims on policies or certificates incurred during the year 1898 15 29700 00 Total 17 35700 00 Losses and claims on policies or certificates paid during the year 189S 9 17700 00 Policies or certificates in force December 31 1897 1627 3153500 00 Policies or certificates written during the year 1898 277 555000 00 Total 1904 3708500 00 Deduct number and amount which have ceased to be in force during 1898 265 540500 00 Total policies in force December 31 1898 1639 3168000 00 Losses and claims on policies or certificates unpaid De cember 31 1897 200000 Losses and claims on policies or certificates incurred during the year 1898 6 12000 00 Total 7 14000 00 Losses and claims on policies or certificates paid during the year 1898 6 12m 0Q HISINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 iskS 3146000 00 TPremlUmS 50582 44 0S38S 14300 00 lax 505 83COMPTROLLERGENERALS REPORT 337 THE CHICAGO GUARANTY FUND LIFE SOCIETY CHICAGO ILL IBALANCE sheet Amount of net or ledger assets December 31st of pre vious year 204571 80 IIINCOME DURING YEAR 1898 Gross amounts paid by members to the association or its agents without deduc tions for commissions or other expen ses as follows 1 Expense portion of first year premiums 53462 04 2 Annual dues 32321 38 3 Assessments and mortuary portion of pre miums 90183 42 4 Reserve for claims 35000 guaranty fund 49127 841 27 Total paid by members 176808 11 5 Interest 9992 42 7 Cash received from all other sources viz Profit on sale of securities 5000 regis tered second notice fees 10750 157 50 Total income 186958 03 Total 391529 83 IIIDISBURSEMENTS DURING YEAR 1898 1 Losses and claims 100827 36 2 Annual payments and assessments returned to members 546 83 Total paid to members 101374 24 3 Commissions and fees retained by or paid to agents 28533 74 4 Commissions and fees retained by or paid to officers and directors 7222 60 5 Salaries and traveling expenses of mana gers of agencies and general special and local agents 10079 81 6 Medical examiners fees whether paid di rect by members or otherwise 3091 57 7 Salaries and other compensation of of ficers and other office employees 6960 74 8 Rent 486560 taxes 1015 55 588115 10 Advertising 53585 blanks and printing 175884 2294 69 338 COMPTROLLERGENERALS REPORT 11 All other items viz Collections 174352 legal expenses 535676 loss on disposal of securities 42485 postage 157242 traveling 202809 agents accounts closed 348663 general expense 1 64522 Total expenses footings of Items 3 to 11 8032179 Total disbursements 16257 49 181696 03 Balance 209833 80 IVINVESTED ASSETS 2 Loans on bond and mortgage first liens on real estate 3500 00 5 Cost value of bonds and stocks owned ab solutely 169553 53 6 Cash in office 1557 19 7 Cash deposited in banks on reserved fund account Royal Trust Company 13669 21 8 Agents ledger balances and bills receiv able 20620 09 9 All other ledger assets vizfurniture and fixtures 1235 47 Total net or ledger assets less depreciation 210135 49 CONTINGENT ASSETS 12 Interest due 57000 and accrued 405547 15 Market value of bonds over cost 16 Due from members for claims not yet as sessed 70450 00 17 Mortuary assessments due and unpaid on memberships in force 576 05 21 Total due frolm members 23 Net amount due from members 24 All other assets viz Reserve on unpaid claims Advance mortuary overdrawn Cash 71026 05 Total assets 4925 47 3189 47 71026 05 100 00 1581 74 1825 93 292784 15 LIABILITIES 1 Losses due and unpaid number of claims 1 3000 00 2 Losses in process of adjustment or adjusted and not due number of claims 20 32950 00 3 Loss as reported for which assessments haw not been made number of claims 5 24000 00COMPTROLLERGENERALS REPORT 339 4 Losses resisted by the company number of claims 4 10600 00 9 Amount of all other liability viz Advance assessments 46 46 Agents credit balances 301 69 Advance insurance fund 3361 21 Total liabilities 74159 36 VIIEXHIBIT OF CERTIFICATES OR POLICIESNUMBER AND AMOUNT No Amount Policies or certificates in force December 31 1897 4411 8827100 00 Policies or certificates written during the year 1898 3739 3199850 00 Total 8150 12026950 00 Deduct number and amount which have ceased to be in force during 1898 3638 5402650 00 Total policies or certificates in force December 31 189g 4512 6624300 00 Losses and claims on policies or certificates unpaid December 31 1897 U 23000 00 Losses and claims on policies or certificates incurred during the year 1898 76 0250 00 Total 87 193250 00 Losses and claims on policies or certificates paid during the year 1898 54 122800 00 Policies or certificates in force December 31 1897 Ill 295000 00 Policies or certificates written during the year 1898 13 27000 00 Total 124 322000 00 Deduct number and amount which have ceased to be in force during 1898 36 91500 00 Total policies in force December 31 1898 88 230500 00 Losses and claims on policies or certificates unpaid December 31 1897 1 1000 00 Losses and claims on policies or certificates incurred during the year 1898 1 1000 00 Total 2 2 Losses and claims on policies or certificates paid dur ing the year 1398 i iooooo BUSINESS IN GEORRIA FOR YEAR ENDING APRIL 30 1899 Risks 18000000 Premiums 6347 20 Losses O0000 Tax 6347340 COMPTROLLERGENERALS REPORT EQUITY LIFE ASSOCIATION STAUNTON VA IBALANCE SHEET Amount of net or ledger assets December 31st of pre vious year IIINCOME DURING YEAR 1898 Gross amount paid by members to the as sociation or its agents without deduc tions for commissions or other expen ses as follows 3 Assessments 54157 20 Total paid by members 54157 20 5 Interest 1944 87 6 Rents 825 00 7 Cash received from all Other sources 1487 06 Total income Total 111DISBURSEMENTS DURING YEAR 1898 1 Losses and claims 19663 49 2 Annual payments and assessments re turned to members 4878 63 Total paid to members 24542 12 3 Commissions and fees retained by or paid to agents 13446 79 5 Salaries and traveling expenses of mana gers of agencies and general special and local agents 4375 59 6 Medical examiners fees whether paid di rect by members or otherwise 1866 42 7 Salaries and other compensation of of ficers and other office employees 3800 00 8 Reffit 3477 85 9 Advanced to officers and agents to be re paid out of future salaries or cornmis 8ions 1657 50 11 All other items viz Land bond and interest 1570 90 Revenue stamps postage office expenses telegrams printing and legal fees 1796 65 Total disbursements Balance 111264 69 58414 13 169678 82 56533 73 113145 09COMPTROLLERGENERALS REPORT 341 IVINVESTED ASSETS IV Cost value of real estate in cash exclu sive of all incumbrances 2526 63 2 Loans on bond and mortgage first liens on real estate 10186 55 4 Loans made in cash to members on this companys certificates assigned as col lateral 7784 35 5 Cost value of bonds and stocks owned ab solutely 6210000 6 Cash in office 233 97 7 Cash deposited in banks on reserved fund account Augusta National bank of Staunton S D Ferguson Banker Roa nokeVa 7966 01 8 Agents ledger balances 14543 74 9 All other ledger assets viz Accounts other than agents 2403 84 Loans secured by personal security 5400 00 10 Total net or ledger assets 113145 09 Total net or ledger assets less depreciation 113145 09 VCONTINGENT ASSETS 12 Interest due and accrued 915 34 14 Market value of real estate over cost 1100 00 15 Market value of bonds and stocks over cost 1000 00 18 Mortuary assessments not yet due 3483 12 20 Annual payments or premiums in process of collection not yet due 3987 10 21 Total due from members 7470 22 22 Deduct estimated cost of collection 747 02 23 Net amount due from members 6723 20 6723 20 Total assets 122883 63 VILIABILITIES 2 Losses in process of adjustment or adjusted and not due number of claims 1 100C 3 Losses reported for which assessments have not been made number of claims 1 000 00 4 Losses resisted by the company number of claims 2 7000 00 9 Amount of all other liability viz Land bonds not due 2873 69 Total liabilities n873 69342 COMPTROLLERGENERALS REPORT VIIEXHIBIT OV CERTIFICATES OK POLICIESNUMBER AND AMOUNT Policies or certificates in force December 81 1897 2437 473500 s2 Policies or certificates written during the year 1898 564 968500 00 Total 3001 5706000 82 Deduct number and amount which have ceased to be in force during 1898 471 8TO000 Total policies or certificates in force December 31 1897 2530 4836000 62 Losses and claims on policies or certificates incurred during the year 1898 16 28 663 49 Toital 16 28663 49 Losses and claims on policies or certificates paid dur ing the year 1898 12 19 663 49 Business in Georgia During 1898 No Amount Policies or certificates in force December 31 1897 59 84500 00 Policies or certificates written during the year 1898 95 108000 00 Total 154 1925oo 00 Deduct number and amount which have ceased to be in force during 1898 49 71500 00 Total policies in force December 31 1898 105 121oOO 00 Losses and claims on policies or certificates incurred during the year 1898 x 1 000 00 Total 1 1000 00 Losses and claims on policies or certificates paid dur ing the year 1898 1 100000 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 fkS 151000 00 TPrCmmmS 369687 Losses Tax 10U00 36 96COMPTROLLERGENERALS REPORT 343 GEORGIA SICK AND ACCIDENT BENEFIT ASSOCIATION ATLANTA GA I BALANCE SHEET Amount of net or ledger assets March 9th of previous year 1013 55 II INCOME DURING THE YEAR 1898 Gross amount paid by members to the as sociation or its agents without deduc tions for commissions or other expen ses as follows 1 Membership fees 173 70 2 Annual dues 5500 00 Total paid by members 5673 70 Total income blZ 70 Total 668 25 III DISBURSEMENTS DURING YEAR 1898 1 Losses and claims 1438 70 2 Annual payments and assessments re turned to members 30 00 Total paid to members 1468 70 3 Commissions and fees retained by or paid to agents 3155 59 4 Commissions and fees retained by or paid to officers and directors 105 00 5 Salaries and traveling expenses of mana gers of agencies and general special and local agents 50 00 6 Medical examiners fees whether paid di rect by members or otherwise 10 00 7 Salaries and other compensation of of cers and other office employees 480 00 8 Rent 11000 taxes 5674 166 74 10 Advertising 3000 blanks and printing 12720 157 20 11 All other items viz Postage and express 25 00 Office furniture 15 00 Total 5633 23 Total expenses footings of Items 3 to 11 416453 Total disbursements 5633 23 Balance 1054 02344 COMPTROLLERGENERALS REPORT IV INVESTED ASSETS 4 Loans made in cash to members on this companys certificates assigned as col lateral 6 Cash in office Agents ledger balances see clause 19 V 17035 213 55 840 47 Total Total net or ledger assets less depreciation 1054 02 1054 02 V CONTINGENT ASSETS 19 Weekly payments or premiums due and unpaid on memberships in force 170 35 20 Annual payments or premiums in process of collection not yet due 10610 60 21 Total due from mejmbers 10781 55 22 Deduct estimated cost of collection 20 percent 2156 31 23 Net amount due from members 8625 24 24 All other assets viz Office furniture 19000 stationery and books 300 490 00 Total Total assets 9115 24 10169 26 VI LAIBILITIS 6 For salaries rents and office expenses Total 100 00 100 00 VII EXHIBIT OF CERTIFICATES OR POLICIESNUMBER AND AMOUNT No Amount Policies or certificates in force March 9 1898 all in Georgia 1209 Policies or certificates written during the year 1898 all in Georgia 1666 Total 2875 Deduct number and amount which have ceased to be in force during 1898 943 Total policies or certificates in force December 31 1898 1932 24180 00 33320 00 57500 00 18860 00 38640 00COMPTROLLERGENERALS REPORT Losses and claims on policies or certificates incurred during the year 1898 746 Total 746 Losses and claims on policies or certificates paid dur ing the year 1898 746 Business in Georgia during 1898 Policies or certificates in force Miarch 9 1898 1209 Policies or certificates written during the year 1898 1666 Total 2875 Deduct number and amount which have ceased to be in force during 1898 94S Total policies in force December 31 1898 1932 Losses and claims on policies or certificates incurred during the year 189S 746 Total 746 Losses and claims on policies or certificates paid dur ing the year 1898 746 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks Premiums Losses Tax 345 1438 70 1438 70 1438 70 24180 00 33320 00 57500 00 18860 00 38640 00 1438 70 1438 70 1438 70 39500 00 6750 00 2199 50 67 50 THE HOME FRIENDLY SOCIETY BALTIMORE MD IBALANCE SHEET Amount of net or lodger assets December 31st of pre vious year IIINCOME DURING YEAR 1898 Gross amount paid by members to the as sociation or its agents without deduc tions for commissions or other ex penses as follows 1 Membership fees 624 99 2 Annual dues 355 23 3 Assessments 168798 12 4 For stationery 16499 duplicates 741 172 40 Total paid by members 169950 74 5 Interest 122 09 31385 23346 COMPTROLLERGENERALS REPORT 6 Rents 4012 07 Total income Total HIDISBURSEMENTS DURING YEAR 1898 1 Losses and claims 71675 13 2 Annual payments and assessments re turned to members 266 08 Total paid to members 3 Commissions and fees retained by or paid to agents 5 Salaries and traveling expanses of mana gers of agencies and general special and local agents 6 Medical examiners fees whether paid di rect by members or otherwise 7 Salaries and other compensation of of ficers and other office employees 8 Rent 283450 taxes 170790 9 Advanced to officers and agents to be re paid out of future salaries or commis sions 10 Advertising blanks and printing 11 All other items viz Building expense 242989 attorney fees 64260 post age 27203 3344 52 Interest 86386 war tax 36201 all other items 361110 4830 97 Bills payable 2950 00 71941 21 38235 72 21126 00 1744 00 19036 64 4542 40 232 37 2624 15 Total disbursements Balance IV INVESTED ASSETS 1 Cost value of real estate in cash exclu sive of all incumbrances 5 Cost value of bonds and stocks owned ab solutely 6 Cash in office All other deposits Old Town and Com monwealth 27513 89 3628 75 914 07 2799 44 174084 90 205470 13 170613 iS 34856 15 Total net or ledger assets less depreciation 34856 15COMPTROLLERGENERALS REPORT 347 VCONTINGENT ASSETS 12 Interest due 12250 50 13 Rents due 30700 and accrued 11216 14 Market value of real estate over cost 14486 n 15 Market value of bonds and stocks over cost 221 25 17 Mortuary assessments due and unpaid on memberships in force 1570 95 21 Total due from members L570 95 22 Deduct estimated cost of collection 157 09 23 Net amount due from members i413 86 Total assets 51519 03 VILIABILITIES 2 Losses in process of adjustment or adjusted and not due number of claims 1 100 j 7 Borrowed including interest due or accrued 3750 00 Total liabilities 4750 00 VIIEXHIBIT Or CERTIFICATES OK POLICIESNUMBER AND AMOUNT No Amount Policies or certificates in force December 31 1897 37412 2784410 00 Policies or certificates written during the year 1896 24689 1731020 00 Toal 62101 4515430 00 Deduct number and amount which have ceased to be in force during 189825519 1817440 00 Total policies or certificates in force December 31 n8 36582 2697990 00 Losses and claims on policies or certificates incurred during the year 189S 9172 72075 13 Total 9172 727513 Losses and claims on policies or certificates paid dur in the year 1898 71675 13 BuHnet in Georgia During 1898 Policies or certificates in force December 31 1897 2150 164100 00 Policies or certificates written during the year 1S98 750 52500 00 Total 2900 216600 00 Deduct number and amount which have ceased to be in force during 1898 713 51610 P0 Total policies in force December 31 1898 2187 165090 00348 COMPTROLLERGENERALS REPORT Losses and claims on policies or certificates incurred during the year 1898 m3 g Tta1 5 Jo03B and claimson policies or certificates paid dur ing the year 1898 vm 5m BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks Premiums 170660 00 Losses 960430 Tax 142442 96 04 THE INDUSTRIAL AID ASSOCIATION ATLANTA GA IBALANCE SHEET Amount of net or ledger assets December 31st of pre vious year 2585 4o IIINCOME DURING YEAR 1898 Gross amount paid by members to the as sociation or its agents without deduc tions for commissions or other expenses as follows 1 Membership fees 2 198 0 2 Annual dues 5923 45 Total paid by members 61125 65 TtaIinCOme 61125 65 Total 63707 05 IIIDISBURSEMENTS DURING YEAR 1898 1 Losses and claims Weekly indemnity No of claims 7603 amount 1330720 deaths No of claims 201 amount 2 Am75 15546 95 2 Annual payments and assessments return ed to members 226 1Q Total paid to members 15773 3 Commissions and fees retained by or paid to agents 5 Salaries and traveling expenses of mana gers of agencies and general special and CaIagents 352 0010 11 COMPTROLLERGENERALS REPORT Medical examiners fees whether paid di rect by members or otherwise 321 00 Salaries and other compensation o of ficers and other office employees 13420 00 Rent 72250 taxes 63342 1355 92 Advertising blanks and printing 1356 60 All other items viz Postage and express 23477 office furniture and fixtures 32000 554 77 Total expenses footing of Items 3 to 11 4385119 Total disbursements Balance 340 59624 24 4082 81 IVINVESTED ASSETS 4 Loans made in cash to members on this companys certificates assigned as col lateral 6 Cash in office All other deposits Third National At lanta Georgia R R Bank Augusta Chatham Bank Savannah 8 Agents ledger balances 10 Total net or ledger assets 408281 Total net or ledger assets less depreciation 648 00 1292 81 1120 00 822 00 200 If 927 70 5010 51 V COJTINGENT ASSETS 19 Annual payments or premiums due and un paid on memberships in force 927 70 20 Annual payments or premiums in process of collection not yet due 42217 50 21 Total due from members 43145 20 22 Deduct estimated cost of collection 20 percent 8629 04 23 Net amount due from members 34516 16 24 All other assets viz Office furniture Books and Wanks Total assets it 34516 16 800 00 500 00 40826 67350 COMPTROLLERGENERALS REPORT VILIABILITIES 5 National State or other taxes due 310 00 8 To officers or others for advance on account of expenses of organization gOO qq Total liabilities 1 hq qq VIIEXHIBIT OF CERTIFICATES OR POLICIESNUMBER AND AMOUNT Policies or certificates in force December 31 1897 10885 239470 oo Policies or certificates written during the year 1893 22391 559J75 00 Total 33276 799245 00 Deduct number and amount which have ceased to be in force during 1898 335 400720 00 Total policies or certificates in force December 31 1898 15941 398525 00 Losses and claims on policies or certificates incurred during the year 1898 weekly indemnity and death 7804 15546 95 TotaI 7804 15546 95 Losses and claims on policies or certificates paid dur ing the year 1898 7804 15i546 95 Business in Georgia During 1898 Policies or certificates in force December 31 1897 10885 239470 00 Policies or certificates written during the year 1898 22391 559775 00 t Ttal 33276 799245 00 Deduct number and amount which have ceased to be in force during i 898 17335 40o720 00 Total policies in force December 31 1898 15941 398 525 00 Losses and claims on policies or certificates incurred during the year 1898 weekly indemnity and death 7804 T TtaV 7804 15546 95 Losses and claims on policies or certificates paid dur ing the year 3898 7804 1554695 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks Premiums 440650 00 Losses 6979370 Tax 20814 60 697 93COMPTROLLERGENERALS REPORT 351 MUTUAL RESERVE FUND LIFE ASSOCIATION NEW YORK N Y IBALANCE SHEET Amount of net or ledger assets December 31st of pre vious year 4139367 29 Less agents ledger balances charged off to depreciation of assets December 31 1897 200000 00 3939367 29 IIINCOME DURING YEAR 1898 Gross amount paid by members to the as sociation or its agents without deduc tions for commissions or other expen ses as follows 1 Membership fees 24196 38 2 Surrender policies 1613351 old age benefits 1164262 27776 13 3 Assessments 5338631 68 4 For medical examiners fees 339 00 Total paid by members 5390943 19 5 Interest 111390 56 6 Rents 148761 23 7 Cash received from all other sources viz Fees for alterations in policies etc 972 28 Deposits received during 1898 assess ments paid before due 482260 01 Total income 6134327 27 Total 10073694 56 IIIDISBURSEMENTS DURING YEAR 1898 1 Losses and claims 3887500 95 2 Annual payments and assessments return ed tc members 164211 77 Total paid to members 4051712 72 2 Deposit assessments paid before due applied on assessments included in No 3 of Income 532382 40 3 Commissions and fees retained by or paid to agents 636808 96 4 Commissions and fees retained by or paid to officers and directors none to banks and collectors for collecting assets 63955 18 5 Salaries and traveling expenses of mana gers of agencies and general special and local agents 56044 60352 COMPTROLLERGENERALS REPORT 6 Medical examiners fees whether paid di rect by members or otherwise 27650 45 7 Salaries and other compensation of of ficers and other office employees 336747 59 8 Rent 8662396 taxes 6395141 exp and repairs on R E 12104049 271615 86 10 Advertising 4723331 blanks and print ing 2659865 legal expenses 35 88952 109721 48 11 All other items viz Investment exp 2 220 traveling exp 2177537 aoturial exp 1793884 postage 3401824 agency expense 1302469 general of fice expense 8518250 internal reve nue tax 369615 expenses investiga ting and adjusting 390092595 of death and disability claims 11146427 289300 06 Total expenses footings of Items 3 to 11 179184418 Total disbursements 6375939 30 Balance 3697755 26 IVINVESTED ASSETS 1 Cost value of real estate in cash exclusive of all incumbrances 56331S 54 2 Loans on bond and mortgage first liens on real estate 1195580 11 5 Cost value of bonds and stocks owned ab solutely 441361 73 6 Cash in office 732 07 Total 742962 69 Deposited in banks 230975 31 8 Agents ledger balances 303908 22 9 All other ledger assets viz Furniture and fixtures 5967726 on deposit in collecting banks and with bonded col lectors 15923933 218916 59 10 Total net or ledger assets 3697755 26 11 Deduct agents ledger balances 303 90822 furniture and fixtures 5967726 363585 48 Total net or ledger assets less depreciation 3334169 78 VCONTINGENT ASSETS 12 Interest due 545787 and accrued 1211025 17568 12 13 Rents due 347160 and accrued 343333 6904 93COMPTROLLERGENERALS REPORT So3 14 Market value of real estate over cost 15 Market value of bonds and stocks over cost 10841 06 21558 83 Total assets 3391042 72 VILIABILITIES 1 Losses due and unpaid number of claims 1 due to delay in probating will 5000 00 2 Losses in process of adjustment or adjusted and not due number of claims 359 3 Losses reported for which assessments have not been made number of claims 131 no proofs received 4 Losses resisted by the company number of claims 25 5 Advance assessments paid before due 6 For salaries rents and office expenses 9 Amount of all other liability viz Dividend obliga tions due or accrued 1713419 outstanding bonds full face value 7512777 Special reserve to cover possible shrinkage in items of investment received from Provincial Provident Insti tute Agents credit balances Total liabilities 1245354 70 421196 36 110833 00 125678 11 2917 58 92261 96 3753 05 871 58 2007866 34 VII EXHIBIT OF CERTIFICATES OR POLICIESNUMBER AND AMOUNT No Policies or certificates in force December 31 1897 111908 Policies or certificates written during the year 1898 12779 Total 124687 Deduct number and amount which have ceased to be in force during 1898 22308 Total policies or certificates in force December 31 1898102379 Losses and claims on policies or certificates unpaid December 31 1897 528 Losses and claims on policies or certificates incurred during the year 1S98 1392 Total 1920 Losses and claims on policies or certificates paid dur ing the year 1898 1352 Business in Georgia During Year 1898 Policies or certificates in force December 31 1897 2755 Policies or certificates written during the year 1898 539 Amount 301567101 00 32027390 00 333594491 0 64425170 00 269169321 00 1737884 86 4237530 00 5975414 86 4193030 80 6589550 00 802500 00 Total 3294 7392050 00354 COMPTROLLERGENERALS REPORT Deduct number and amount which have ceased to be in force during 1898 860 1942500 00 Total policies in force December 31 1898 2434 5449550 00 Losses and claims on policies or certificates unpaid December 31 1897 9 28000 00 Losses and clarms on policies or certificates incurred during the year 1898 25 74900 00 Total 34 102900 00 Losses and claims on policies or certificates paid dur ing the year 1898 23 68400 00 BUSINESS IX GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 5154550 00 Premiums 86776 10 Losses 66252 44 Tax 867 76 NORTHWESTERN LIFE ASSURANCE COMPANY CHICAGO ILL IBALANCE SHEET a Amount of net ledger assets December 31st of previous year add increase or deduct decrease of capital if any 1221728 14 II INCOME DURING YEAR As shown by the books at Home Office at close of business December 2 First years assessments or premiums Ex pense 18357775 mortuary 52202634 reserve 4523505 750839 14 3 Subsequent years assessments or premi ums Expense 26486646 mortuary 98717230 reserve 19042788 for other purposes 8193 recovered on in demnifying bond on loss paid in previous year 1442548 63 4 Medical examiners fees paid by applicant delinquent charges 2154 74 Total paid by members 2195542 51 5 Interest from mortgages 3975118 bonds and stocks 902599 other sources 2 31450 51091 67 7 Profit on securities 6ii6 36 S From all other sources viz profit and loss account must be itemized suspse accnt 20 01 Total income during the year 2247326 55 Sum of both amounts 3474054 69COMPTROLLERGEXERALS REPORT 355 IIIDISBURSEMENTS DURING YEAR As shown by the books at Home Office at close of business December 31st 1 Death claims or installments paid 1681111 47 2 Disability 500 00 Total paid to members 1681611 47 5 Commissions and fees retained by or paid or allowed to agents on account of first years fees dues assessments or premi ums 347 34635 subsequent years 8 63781 355984 16 6 Commissions paid or allowed for collecting assessments or premiums to banks or col lectors 12H4 13 7 Salaries and allowances of managers and agents not paid by commissions 46105 80 8 Salaries of officers 4829152 board of trustees expense account 199900 50290 52 9 Salaries and other compensation of office employees 82792 44 10 Medical examiners fees whether paid di rect by members or otherwise 10017 00 11 Taxes on premiums 456313 insurance de partment fees and licenses 165573 municipal taxes and licenses 39121 taxes on franchise 15043 6660 50 13 Rents less subleases 19088 54 14 Furniture 37285 legal expenses 861261 advertising stationery and printing 15 37408 24359 54 16 All other items viz profit and loss ac count must be itemized advance assess ments 597163 postage 756889 sur rendered policies 1713188 Mutual Life Underwriters Executive Com 2500 refitting office 8605 traveling expenses 1489977 investment expenses 88738 incidental and miscellaneous expenses 1213299 internal revenue tax 913987 67843 46 Total disbursements 2356867 56 Balance 1117187 13 IVLEDGER ASSETS As per ledger accounts shown by the books at Home Office at close of business December 31st 2 Loans on mortgages of real estate first liens 74925000 749250 00 4 Book value of bonds excluding interest 15311065 153110 65356 COMPTROLLERGENERALS REPORT 5 Cash in office 99526 deposited in banks 15631849 157313 75 Continental National Bank 4006295 Merchants National Bank 1382 08 Met ropolitan National Bank 11487346 6 Agents and other debit balances 4266117 bills receivable 1082372 53484 89 7 Other assets viz Cost premium on bonds sold in December not yet paid 7208 07 Total 1120367 36 Deduct Ledger Liabilities 8 Agents and other credit balances 318023 318023 Total net ledger assets 1117187 l3 VNONLEDGER ASSETS 10 Interest due 149965 accrued 1050513 11 Interest due accrued 429370 12 Rents due on property or lease 14 Market value of bonds not including inter est and stocks over book value 15 Mortuary assessments due on last call made within six days on insurance in force 16 Mortuary assessments to become due on post mortem policies not exceeding one assessment nor the amount of post mortem claims not assessed for per item 4 of liabilities Total nonledger assets 1200478 4293 70 4803 18 2721 23 10000 00 31000 00 21101 66 2721 23 41000 00 64822 89 Gross assets 1182010 02 Deduct assets not admitted 2 Agents debit balances not secured by bonds 2890578 bills received not secured 1082372 39729 50 Total 39729 50 Total admitted assets 1142280 52 VINONLEDGER LIABILITIES 1 Losses on stipulated premium policies due and unpaid none adjusted not due 131700 00 2 Losses on stipulated prem policies not ad justed 7800000 resisted 2850000 106500 00 3 Losses on post mortem policies due and un paid 800000 adjusted not due 93 50000 101500 00 4 Losses on post mortem policies not adjust ed 2100000 resisted 1000000 31000 00COMPTROLLERGENERALS REPORT 357 5 Present value future payments on install ment policy claims face 500000 dis counted at 3 per cent 9 Premiums or assessments paid before due 10 Advance insurance or reserve fund on limit ed payment policies which is largely in excess over associations whole life rates of all premiums received on any form of advance limited payment or deposit poli cies and 4 per cent accumulated interest thereon 11 All other liabilities viz Suspense 12 Total liabilities 3608 86 7938 27 183029 58 104 91 13 14 Balance to protect contracts Mortuary fund less amount thereof includ ed in liabilities and in assets not admit ted Reserve fund less amount thereof included in liabilities and in assets not admitted 16 Guarantee fund less amount thereof in cluded in liabilities and in assets not ad mitted 17 General expense fund less amount there of included in liabilities and in assets not admitted 565381 62 576898 90 43102 77 68082 36 333728 41 131985 36 Total special funds 576898 90 VIIEXHIBIT OF CERTIFICATES OR POLICIES Total business of year No Amount Policies or certificates in force December 31 beginning of year 34717 98475400 00 Policies or certificates written or increased during the calendar year 1965 4168000 00 Total 36682 102643400 00 Deduct decreased or ceased to be in force during year 16251 47815000 00 Total policies or certificates in force last December 31 end of year 20431 54828400 00 Losses and claims unpaid Decem ber 31 beginning of year 129 474716 66 Losses and claims incurred dur ing the calendar year 492 1611000 00 Total 621 2085716 66 Losses and claims paid scaled down and compromised during theyear oil 1715016 66 Losses and claims outstanding unpaid last December 31 end of year 110 370700 00 Business in Georgia No Amount 663 1324900 00 576000 00 356 1019 1900900 00 357 734500 00 632 1166400 00 10 10 22500 00 22500 00 15000 00 7500 00358 COMPTROLLERGENERALS REPORT BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks Premiums Losses Tax 1026900 00 28247 73 10500 00 282 48 STATE MUTUAL LIFE AND ANNUITY ASSOCIATION ROME GA IIINCOME DURING YEAR 1898 1 Membership fees f 3 Assessments 7 Cash received from all other sources viz From directors 217 00 3362 36 400 00 Total income 3979 36 IIIDISBURSEMENTS DURING YEAR 1898 3 Commissions and fees retained by or paid to agents 6 Medical examiners fees whether paid direct by members or otherwise 7 Salaries and other compensation of officers and other office employes 8 Taxes 10 Advertising 75 blanks and printing 80 11 All other items viz Furniture 3750 inci dentals 59 Total disbursements Balance 1431 74 93 00 100 00 140 00 155 00 96 50 IVINVESTED ASSETS 1102 44 860 68 2016 24 1963 12 6 Cash in office 9 All other ledger assets Total net or ledger assets less depreciation 1903 12 VILIABILITIES 8 To officers or others for advances on account of expenses of organization 400 00 Business in Georgia During 1898 m i 1 i No Amount lotal policies or certificates in force December 31 1898 41 123000 0 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks Premiums Losses Tax 288000 00 8459 88 150 00 84 59COMPTROLLERGENERALS REPORT 359 UNITED STATES BENEFICIAL ASSOCIATION OF ATLANTA BUSINESS IN GEORGIA FOB YEAR ENDING APRIL 30 1899 Risks 17050 00 Premiums 80 oc Losses 153 00 Tax 8 70 10 11 WESTERN MUTUAL LIFE ASSOCIATION CHICAGO ILL IBALANCE SHEET Amount of net or ledger assets December 31st of pre vious year 97005 08 IIINCOME DURING YEAR 1898 Membership fees 239025 37 Annual dues 43817 16 Assessments 138360 32 Received from persons whose applications were rejected 21225 17 Total paid by members 442428 02 Interest 1738 86 Total income 444166 88 Total 541173 56 IIIDISBURSEMENTS DURING YEAR 1898 Losses and claims 37135 20 Annual payments and assessments returned to members 21878 92 Total paid to members 59014 12 Commissions or fees retained by or paid to agents 241105 87 Traveling expenses of managers of agencies and general special and local agents 2508 02 Medical examiners fees whether paid di rect by members or otherwise 12833 55 Salaries and other compensation of officers and other office employees 51922 55 Rent 407924 taxes 644462 10523 86 Advertising and printing 6483 74 All other items viz Legal expenses 520418 furniture 171469 telegrams 208317 incidental expense 61028 miscellaneous expense 108246 postage 5376883 library 7100 total 14534 61 Total expenses footings of items 3 to 11 339912 20 Total disbursements 398926 32 Balance 142247 24360 COMPTROLLERGENERALS REPORT IVINVESTED ASSETS 1 Interest bearing loans being liens on poli cies and secured by advance deposits under policies the deposits being reported as a liability 9247 36 3 Bills receivable being liens on policies and secured by advance deposits under poli cies the deposits being reported as a lia bility 1680 04 5 Cost value of stocks and bonds owned abso lutely 1000 00 6 Cash in office 1900 15 7 Cash deposited in banks on reserved fund account Hibernian Bank Association Chicago 111 6677364 Milwaukee Ave State Bank Chicago 111 11091069 American Trust and Savings Bank Chi cago 111 504191 total 82726 24 S Agentsledger balances 16368 57 9 All other ledger assets viz Bills receiva ble 1455920 suspense account 19204 interest bearing loans secured by liens on policies but not reported as a liability 1697861 total 31729 85 Total net or ledger assets as per bal ance on page 1 144652 21 Deduct ledger liabilities 2404 97 Total net or ledger assets less de preciation VCONTINGENT ASSETS 12 Interest due and accrued 1681 77 23 Net amount due from members 24 All other assets viz Furniture and flxtures 372745 supplies printed matter and stationery 129326 post age stamps U S internal revenue stamps and stamped checks 3500 total Total assets VILIABILITIES 2 Losses in process of adjustment or adjusted and not due 4 Losses resisted by the company For salaries rents and office expenses Total liabilities 142247 24 1681 77 5055 71 148984 72 14000 00 1000 00 19777 89 34777 89COMPTROLLERGENERALS REPORT 301 VIIEXniBIT OP CERTIFICATES OR POLICIESNUMBER AND AMOUNT Total Business of 1898 No Amount Policies or certificates in force December 31 1897 2867 8107162 00 Policies or certificates written and revived during the year 1898J698 9082887 30 Total 5565 17190049 30 Deduct number and amount which have ceased to be in force during 18981282 JJWSW44M Total policies or certificates in force De cember 31 18984283 13257404 97 Losses and claims on policies or certificates unpaid December 31 1897 1 2000 00 Losses and claims on policies or certificates incurred during the year 189822 55030 50 Total 23 57030 50 Losses and claims on policies or certificates paid during the year 1898 18 39800 00 Business in Georgia During 1898 Policies or certificates written during the year 1898 8 39000 00 Total 8 39000 Total policies in force December 31 1898 8 39000 00 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 46000 00 Premiums 2001 05 Tax 20 01 THE ETNA LIFE INSURANCE COMPANY HARTFORD CONN ICAPITAL STOCK 1 Amount of capital stock 2000 000 subscribed for 1750000 00 2 Amount of capital paid up in cash 1750000 00 Amount of net ledger assets December 31st of previous year45348489 61 Extended at45348489 61362 COMPTROLLERGENERALS REPORT IIINCOME DUHING YEAS As shown by books at Home Office December 3lst 2 Gross premiums written and renewed during year 670609 44 3 Deduct gross premiums now in course of col lection 4 Entire premiums collected during the year 670609 44 5 Deduct reinsurance and return premiums 13318 90 6 Net cash actually received for premiums 657 290 54 8 Interest on loans on mortgages of real estate 14218 13 10 Interest on bonds and dividends on stocks 1476 19 11 Interest upon other debts due the company and on deposits in bank 182 12 Total interest 15875 44 Less interest paid on claims etc 192 60 Net total interest 15 gg2 84 13 Profit and loss agents credit balances 5 98 14 Total income accident department 672979 3 Total income life department 8190915 73 Total income during the year 8863895 09 Sum 54212384 70 IIIDISBURSEMENTS DURING YEAR As shown by boohs atHome Office December 3lst Accident 1 jross amount paid for claims excepting sPeoinc 86808 33 2 Amount paid for weekly or other specific 170727 18 Total 25753551 3 Deduct reinsurance 10 545 42 Net paid policyholders 246 989 09 5 Commissions or brokerage to agents less re ceived on reinsurance 209 267 47 6 Salaries traveling and all expenses of agents and agencies not on commission account 14673 69 7 Medical examiners fees and salaries 3008 95 8 Salaries and all other compensation of home office employees 13754 93 9 Taxes on premiums 884273 internal rev nue 176782 insurance department fees and agents licenses 4141 municipal li cences 43399 15185 54 10 Rent 6588 43 11 Legal and loss expenses 6 736 84 12 Furniture and fixtures 180443 advertising 129334 printing and stationery 9 51733 11615 10COMPTROLLERGENERALS REPORT 303 14 All other items viz Postage and exchange 715113 express 137654 expense 382636 9354 03 Total miscellaneous expenses 295185 01 Total disbursementsAccident department 542174 10 Life department 5899746 62 6441920 72 Balance 47770463 98 IVLEDGER ASSETS As per ledger accounts shown by the books at Home Office at close of business Dec 31 1 Book value of real estate unincumbered 471631 00 2 Mortgage loans on real estate first liens22333492 31 3 Loans secured by pledge of bonds stocks or other collaterals 537321 14 4 Book value of bonds excluding interest 12 27744538 and stocks 309151549 15369030 87 5 Cash in companys office 20034388 depos ited in banks 681519497 7015538 85 6 Bills receivable 1695740 agents debit balances 2965062 46608 02 7 All other items viz Loans to policyholders on this companys policies assigned as col lateral 1466855 00 Premium notes or liens on policies in force 543201 88 Total47783679 07 Deduct ledger liabilities 8 Agents credit balances 341185 all other 980324 1321509 Total net ledger assets 47770463 98 NonLedger Assets 10 Interest due 6588176 and accrued 427 27870 on mortgages 493160 46 11 Interest due 3131972 and accrued 109 89659 on bonds and stocks 141210 31 12 Interest due and accrued 5 00785 on collateral loans 13 Interest due on other assets 14 Rents due 125 and accrued 269324 on companys property or lease Interest due on premium notes loans or liens 5007 85 9002 25 2818 24 192769 22 Total outstanding interest 844034 33 17 Market value of bonds and stocks over book value not in cluding interest in item 11 1236820 43 18 Net amount of uncollected and deferred premiums 401010 79 50252329 53 Gross assets364 COMPTROLLERGENERALS REPORT Deduct assets not admitted 3 Agents debit balances unsecured 19 69049 bills receivable unsecured 200 4 Commissions payable to agents on premium notes when paid Premium notes in excess of reserve on poli cies Total 19890 49 2321 17 3097 06 25308 72 Total admitted assets 50 227 020 81 NONLEDGER LIABILITIES Accident 47863 58 In process of adjustment Resisted by company on its own account not outlawed 28685 71 Aggregate amount of unpaid claims and expenses 4 Gross premiums upon all unexpired risks running one year or less from date of pol icy Accident premiums 42412423 un earned portion 50 per cent 5 Gross premiums upon all unexpired risks running more than one year from date of policy Accident premiums 555288 un earned premium by special tables Total 76549 29 212067 11 12702 00 Deduct reserve on risks reinsured in other solvent companies 224769 11 1045 92 Total unearned premiums as computed above 23 723 19 11 All other liabilities viz Total liability life department 42681696 31 Total amount of all liabilities 42 981 968 79 12 Jointstock capital actually paid up in cash 1750000 00 13 Surplus beyond capital and other liabilities 5495052 02 7245052 02 Total Business in the State of Georyfa during the year 1898 Risks written Premiums received Losses paid Losses incurred Amount at risk at end of year 50227020 81 Accident 5581000 00 14996 22 2746 20 2521 20 1978350 00 BUSINESS IX GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks Premiums Losses Tax 2047350 00 16703 76 3130 83 167 04COMPTROLLERGENERALS REPORT 365 AMERICAN SURETY COMPANY OF NEAV YORK N Y ICAPITAL STOCK I Amount of capital paid up in cash 2500000 0O Amount of net ledger assets Dec 31st of previous year 4846724 31 IIINCOME DURING YEAR As shown by books at home office December 31st Fidelitv and Surety 1 Gross premiums unpaid December 31st last yearpaid 153908 04 A Gross premiums written and renewed dur ing year U93745 10 Total 1347653 14 3 Deduct gross premiums now in course of collection 171956 78 4 Entire premiums collected during the year 1175696 36 5 Deduct reinsurance abatement rebate and return premiums 1844 31 6 Net cash actually received for premiums carried out 992272 05 7 Rents from companys property 244077 33 8 Interest on loans on mortgages of real estate 9 Interest on collateral loans 4178 87 10 Interest on bonds and dividends on stocks 114721 83 II Interest upon other debts due the company and on deposits in bankjl4g6 78 Total interest 3651W S1 12 Profit on sale or maturity of ledger assets during the year over book values 158 75 14 Income from all other sources viz Cash recovered from losses paid in previous years 74504 96 74663 71 Total income during the year 1432090 5 a 6278814 88 Sum HIDISBURSEMENTS DURING YEAR As shown by books at home office December 31st Fidelity and Surety 1 Gross amount paid for claims excepting weekly indemnity 454288 86 3 Deduct reinsurances salvages and recov eries on losses previously paid 82861 26 Net paid policyholders 371427 6 4 Stockholders for interest or dividends amount declared during the year 200000 00366 COMPTROLLERGENERALS REPORT 50912 07 5 Commissions or brokerage to agents less received on reinsurance 6 Salaries traveling and all expenses of agents and agencies not on commission account 168070 31 7 Inspections 24 171 46 8 Salaries and all other compensation of officers 4670000 and home office em ployes 12619671 172896 71 9 Taxes on premiums 1142431 taxes on property 6035978 insurance depart ment fees and agents licenses 238226 municipal licenses 122775 10 Rent 11 Legal expenses 740132 real estate re pairs and expenses other than taxes 7278479 12 Furniture and fixtures 1191395 adver tising 417564 printing and stationery 1309798 13 Interest 14 All other items 75394 10 77880 00 80186 11 29187 57 2167 41 36233 34 Total miscellaneous expenses Total disbursements 917099 08 1288526 68 Balance 4990288 20 IVLEDGER ASSETS As per ledger accounts shown by the books at home office at close of business December 31 1 Book value of real estate unincumbered 348105006 incumbered 2569798 3506748 04 2 Mortgage loans on real estate first liens 15000 00 3 Loans secured by pledge of bonds stocks or other collaterals 4 Book value of bonds excluding interest 47956910 and stocks 71525000 5 Cash in companys office 132624 de posited in banks 19315360 93196 70 1194819 10 194479 84 Total 5004243 68 Deduct Ledger Liabilities 8 Agents credit balances borrowed money all other 13955 4S Total net ledger assets 4 990 288 20 VOXLEDGER ASSETS 11 Interest due on bonds and stocks 12 Interest due on collateral loans 13308 00 630 00COMPTROLLERGENERALS REPORT 367 14 Rents due 1752249 and accrued 582916 on companys property or lease 23351 65 15 Total outstanding interest 37289 65 17 Market value of bonds and stocks overbook value not in cluding interest in item 11 112569 15 18 Gross premiums in course of collection towit Fidelity and surety not over three months due 101 0S222 unpaid commissions thereon 389324 net pre miums 9718898 more than three mouths due not carried in 7087456 Total net not over three months due 97188 98 Gross assets 5237335 98 Deduct Assets Not Admitted 4 Depreciation from book values of above ledger assets to bring same to market value 267119 40 Total admitted assets 4970216 58 VNONLEDGER LIABILITIES Resisted by Com In Process of pany on its own Adjustment account not outlawed Fidelity and surety 58567 50 131742 42 Aggregate of unpaid claims and expenses 190309 92 4 Gross premiums upon all unexpired risks running one year or lesss from date of policy fidelity and surety 5108940564 unearned portion 50 per cent 544702 82 5 Gross premiums upon all unexpired risks running more than one year from date of policy fidelity and surety 8780817 un earned premium pro rata 70722 24 j Total unearned premiums as computed above carried out 615425 06 Total amount of all liabilities 805734 98 12 Joint stock capital actually paid up in cash 2500000 00 13 Surplus beyond capital and other liabilities 1664481 60 4164481 60 Total 4970210 58 Business in the State of Georgia During the Year Risks Written Premiums Losses Paid Losses Amount or Risk Received Incurred End of Year Fidelity 2049450 00 5497 50 3189 17 1177850 00 Surety 993430 00 6034 67 27344 88 27344 88 873827 00 Aggregate3042880 00 11532 17 30534 05 27344 88 2051677 00 BUSINESS IN GEORGIA FOR THE YEAR ENDING APRIL 30 1899 Risks 325768700 t 1 226 99 Premiums u Losses 76S9 75 Tax I2227368 COMPTROLLERGENERALS REPORT AMERICAN BONDING AND TRUST COMPANY BALTIMORE MD CAPITAL STOCK 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 500000 00 1 Market value of real estate owned by the company less the amount of incumbrances thereon 20000 00 9 Total market value of stocks and bonds absolutely owned by the company 618713 00 12 Cash in companys principal office 2050 32 13 Cash belonging to the company deposited in bank American National Bank 26113 52 Total cash items 28103 84 14 Amount of premium notes upon which policies have been issued 100 00 15 Interest due and accrued on stocks not included in mar ket value uncollected 8744 22 17 Cash in hands of agents and in course of transmission 35931 17 3 Bills receivable not matured taken for fire marine and inland risks 623 97 All other assets both real and personal as per schedule attached viz Accounts receivable furniture and lix tures 9110 6 Total assets of the company actual cash market value Til LIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 4087 46 i Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 22017894 unearned pre miums fifty per cent 114589 47 11 Total unearned premiums as computed above 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Agentscredit balances Collateral deposits 20 Total amount of all liabilities except capital stock scrip and net surplus 21 Joint stock capital paid up in cash 500000 00 23 Surplus beyond capital and all other lia bilities 74343 71 24 Aggregate amount of all liabilities including capital paid up and net surplus 72138811 4087 4ft 114589 47 305 76 28Of 71 147044 40 57434 71 721388 11COMPTROLLERGENERALS REPORT 369 IVHtNCOME DURING THE YEAR Surety 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 28042 62 4 Gross premiums on risks written and renew ed during the yeari 226899 07 5 Total 254941 69 ii Deduct premiums and bills in course of col lection at this date 42490 11 7 Entire premiums collected during the year 212451 58 8 Deduct reinsurance and return premiums 26696 88 9 Net cash actually received for premiums 185754 70 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 21687 84 12 Income received from all other sources omitting increase if any in value of se curities viz Rents collateral deposits 11795 11 Profit on sale or maturity of ledger assets during the year over book values 62 23483 57 15 Aggregate amount of income actually received during the year in cash 219238 27 VEXPENDITURES DURING THE YEAR Surety 1 Gross amount actually paid for losses 09936 17 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 5020 15 3 Net amount paid during the year for losses 64910 02 6 Paid for commissions or brokerage 26930 70 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 65558 20 9 All other payments and expenditures 47570 06 Aggregate amount of actual expenditures during the year in cash 204974 98 Business in Georgia during the year ending December SI 1898 Fire marine and inland riks written 414868 87 Premiums received gross 2582 50 Losses paid Losses incurred BUSINESS IN GEORGIA EoR YEAR ENDING APRIL 30 1899 Risks 294668 87 Premiums 444 50 Losses Tax 24 44370 COMPTROLLERGENERALS REPORT THE AMERICAN CREDITINDEMNITY COMPANY NEW YORK N Y I CAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 200000 00 200000 00 IIASSETS Account of slocks and bonds owned absolutely by the Company Par value Markat value 10 U S regd bonds funded loan 1891 continued at 2 per cent Nos 2494 to 2503 both inclusive 100000 00 100000 00 100 U S coupon 5 per cent bands 1904 Nos 7448 to 7547 both inclusive 100000 00 12 Cash in companys office 13 Cash belonging to the company deposited in bank Merchants Laclede Natl Third National 113875 00 213875 00 476 98 104264 21 37976 12 Total cash items 142717 31 14 Amount of premium notes upon which policies have been issued 20092 50 15 Interest due and accrued on bonds not included in mar ket value uncoilected 1000 00 16 Value of accounts owned purchased on payment of losses 16430 14 17 Gross premiums in course of collection 38170 00 18 Agents balances 3211 93 Total Deduct Agents balances 435496 88 3211 93 Total assets of the company actual cash market value 432284 95 II r LIABILITIES 7 Gross premiums without and deduction received and receivable upon all unex pired fire risks running one year or less from date of policy Unearned premiums 257178 33 128589 16 11 Total unearned premiums as computed above carried out 128589 16 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 153 00COMPTROLLERGENERALS REPORT 371 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz franchise tax Total 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus 300 00 130247 16 200000 00 102037 79 432284 95 IV INCOME DURING THE YEAR 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 49440 00 2 Deduct amount of same not collected 38142 00 3 Net collected 11298 00 4 Gross premiums on risks written and re newed during the year as shown in Risk and Premium Exhibit item 2 page 1 254558 66 5 Total 265856 66 6 Deduct premiums and bills in course of col lection at this date 38170 00 7 Entire premiums collected during the year 227686 66 8 Deduct reinsurance and return premiums 1898 42 9 Net cash actually received for premiums carried out 225788 24 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 11568 30 12 Income received from all other sources omitting increase if any in value of securities viz Accounts owned pur chased on payment losses 1072 36 Total 238428 90 15 Aggregate amount of income actually received during the year in cash 238428 90 V EXPENDITURES DURING THE YEAR 3 Net amount paid during the year for losses 54407 27 6 Paid for commissions or brokerage 78501 62 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 40001 90 8 Paid for State national and local taxes in this and other States 6026 02 9 All other payments and expenditures viz Rent 311540 legal 1572337 furniture 10130 advertising 5 98732 printing 99683 postage 114766 traveling expenses 238973 exp 206667 telegrams 59641372 COMPTROLLERGENERALS REPORT exch 15833 advance costs 22372 muc agencies 2319 premium notes charged off maker defaulted 207288 36898 82 Aggregate amount of actual expenditures during the year in cash 215S35 63 Business in Georgia During 1898 Credit written 79j50o 00 Premiums received gross 3620 00 Losses paid i7g 00 Losses incurred X7g yg BUSINESS IN GEORGIA FOE YEAR ENDING APBIL 30 1899 Risks 86000 00 Premiums 3900 00 Losses 178 00 Tax 39 00 BANKERS MUTUAL CASUALTY COMPANY DES MOINES IOWA I CAPITAL STOCK Amount of net or ledger assets December 31 of pre vious year 52482 98 II INCOME DURING YEAR 1898 Accident Buglary 1 Gross premiums unpaid De cember 31 last year 1513 37 2 Gross premiums on risks written and renewed during the year 76247 70 Tolal 77761 07 3 Deduct gross premiums in course of collection at this date 3815 39 4 Entire premium installment notes 22309 90 73945 68 5 Deduct reinsurance abate ment rebate and return premiums 2406125 4637115 6 Net cash actually received for premiums carried out 27574 53 15 Received for assessment on capital salvage 1798 22 16 Income from all other sources viz In stallment notes 22309 90 24108 12 17 Total income actually received during the year in cash 51682 65 Aggregate last balance and income 104165 63COMPTROLLERGENERALS REPORT DISBURSEMENTS DURING YEAR 1898 1 Gross amount paid for losses direct to policyholder 14289 63 2 Gross amount paid for benefit of policy holders in pursuit and prosecution of criminals 6900 18 Total 21189 81 3 Deduct salvages and reinsurances 7511 68 373 Total Returned to promoters organization expense 5 For general traveling and incidental ex pense business for company 6 For salaries traveling and all expenses of agents and agencies not on commission account 7 Executive committee meetings 8 For salaries and all other compensation of officers 343952 home office employees 220272 9 For taxes on premiums 21156 Insurance department fees 28143 Postage 10 For rent 12 For furniture and fixtures 13 For advertising 105077 general print ing and stationery 141289 14 Interest 15 Other office expenses 829 05 367 73 065 35 i642 24 492 99 872 40 280 00 154 68 463 66 691 23 243 77 13678 13 300 00 Total miscellaneous expenses Total disbursements Balance 15103 10 29081 23 75084 40 IVASSETS As per ledger account 6 Cash deposited in banks 7 Bills receivable 11 Total net or ledger assets 2788 14 72296 26 75084 40 Other Assets 22 Burglary 29 Not amount of outstanding premiums 3815 39 3815 39 30 Total assets as per the books of the company 78899 79374 COMPTROLLERGENERALS REPORT VLIABILITIES 4 Gross premiums upon all unexpirod risks running one year or more from date of policy Burglary 96615 14 Unearned portion 50 per cent 48307 57 Total for term policies 48307 57 8 Due and accrued for salaries rent advertising agency and other expenses 602 17 10 Due and to become due for borrowed money 6500 ad vanced to cover organization expense 6500 00 Due to other companies for reinsurance 6188 95 Total amount of all liabilities except capital stock 6188 95 12 Surplus beyond capital and other liabilities 17301 10 13 Aggregate amount of all liabilities including paidup capital stock and net surplus 78899 79 Business in the State of Georgia during the year 1898 Burglary Amount at risk 16000 risks written 5000 00 Premiums re ceived 12720 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 49000 00 Premiums 926 50 Tax 9 26 THE CITY TRUST SAFE DEPOSIT AND SURETY COMPANY OF PHILADELPHIA PA ICAPITAL STOCK 1 Amount of capital stock author ized 50000000 subscribed for 500000 00 2 Amount of capital paid up in cash 500000 00 Amount of net ledger assets December 31st of previous year 2722225 80 Increase of capital during 1898 154343 31 Extended at 2870569 11 IIINCOME DURING YEAR As shown by Books at Home Office December Blst Fidelity and Surety 1 Gross premiums unpaid Dec 31 last year Paid 22960 20 2 Gross premiums written and renewed dur ing year 207644 39 Total 230rS04 5910 Tl 12 14 COMPTROLLERGENERALS REPORT 375 Deduct gross premiums now in course of collection 31150 42 Entire premiums collected during the year 199454 44 Deduct reinsurance abatement rebate and return premiums22677 44 Net cash actually received for premiums carried out 170776 73 Rents from companys property 12141 25 Interest on loans on mortgages of real estate 62 Interest on collateral loans 55265 69 Interest on bonds and dividends on stocks 9831 50 Interest upon other debts due the company and on deposits in bank8607 43 Total interest 9M23 49 Increase in value of securities 920 00 Income from other sources viz Safe de posit boxes 258475 commission 1 S4565 registry 54500 4975 40 5895 40 Total income during the year 278795 62 Sum3155364 73 3 IIIDISBURSEMENTS DURING YEAR As shown by Books at Home Office December 31 Fidelity and Surety Gross amount paid for claims surety losses75717 92 Total 75717 92 Deduct reinsurance salvages and recove ries on losses previously paid 25489 94 Net paid policy holders Stockholders for interest or dividends amount declared during the year 3000000 30045 00 Commissions or brokerage to agents less received on reinsurance 8957 30 Salaries traveling and all expenses of agents and agencies not on commission account 59682 81 Interest paid depositors 41907 20 Salaries and all other compensation of offi cers 1683300 and home office em ployes 4249091 59323 91 Taxes on premiums 309158 taxes on prop erty 476698 insurance department fees and agents licenses 240091 mu nicipal licenses 10000 tax on franchise 326126 revenue tax and stamps 250325 16123 98 50227 98376 COMPTROLLERGENERALS REPORT 11 Legal expenses 669225 real estate re pairs and expenses other than taxes in general expense account 12 Furniture and fixtures advertis ing 361825 printing and stationery 646418 13 Losses on ledger assets actually sold or ma tured under book value 14 All other items viz General expense Total miscellaneous expenses Total disbursements Balance 6692 25 10082 43 890 60 14753 86 248459 34 298 2856 687 32 677 41 IVLEDGER ASSETS As shown by the books at the home office at the close of business Dec 31st 1 Book value of real estate unincumbered 2 Mortgage loans on real estate 3 Loans secured by pledge of bonds stocks or other collaterals 4 Book value of bonds excluding interest 23686750 and stocks 821000 5 Cash in companys office 6658563 depos ited in banks 35360776 6 Bills receivable Due from ledger accounts unsecured 7 All other items viz Return premiums on 16500000 fire policies 639000 furni ture and fixtures 609124 overdrafts 24372 due from ledger account secured by mortgages real estate and cash 13909291 5 27 87 518822 65 175300 00 1445036 SO 245077511 420193 39 519 20 Total 2856677 41 Total net ledger assets 2856677 41 NonLedger Assets Commissions 10 Interest due 20610 and accrued266909 on mortgages 11 Interest due 56475 and accrued 346025 on bonds and stocks 12 Interest due and accrued 1561500 on collateral loans 13 Interest due and accrued 70000 on other assets 14 Rents due 46500 and accrued 4500 on companys property or lease 15 28 00 2875 19 4025 00 15615 00 700 00 510 00 Total outstanding interest Due from other companies for reinsurance on losses al ready paid Revenue stamps 87500 telephone coupons 24600 23753 19 7811 60 1121 00COMPTROLLERGENERALS REPORT 377 18 Gross premiums in course of collection towit Fidelity and Surety Not over three months due 19010 66 Unpaid commissions thereon 204 97 Net premiums 18805 69 More than three months due not carried in 12139 76 Total net not over three months due 18805 69 Gross assets 2908168 89 Deduct Assets Not Admitted 2 Furniture fixtures and safes 6001 24 3 Ledger account unsecured 519 20 4 Depreciation from book values of above ledger essets to bring same to market value L235 27 Total 10755 71 Total admitted assets 2897413 18 VNONLEDGER LIABILITIES Fidelity and purely Claims adjusted and not paid 107 59 In process of adjustment 2722 86 Known or estimated proofs not filed 1010 19 3840 64 Resisted by the company on its own ac count Not outlawed 559120 of this amount resisted at instance of party on whose behalf bond was given Resisted by National Surety Co which holds our re insurance for 1250000 2109120 2 Deduct reinsurance due and accrued 2795 60 3 Net amount of unpaid claims 18295 60 Aggregate of unpaid claims and expenses 22136 24 4 Gross premiums upon all unexpired risks running one year or less from date of pol icy Fidelity and Surety 22410719 un earned portion 50 per cent 112053 60 Total one year or less 112053 60 Totafmore than one year 112053 60 7 Cash dividends to stockholders remaining unpaid 15 00 8 Expenses taxes bills accounts fees etc due or accrued 1500 00 10 For reinsurance on premiums uncollected 6097 16 11 All other liabilities viz Due depositories 207261415 interest accrued thereon 1716000 2059774 15 Total amount of all liabilities 2231576 15 12 Joint stock capital actually paid up in cash 500000 00 13 Surplus beyond capital and other liabilities 165837 03 665837 03 Total 2897413 IS378 COMPTROLLERGEXERALS REPORT Business in the Stale of Georgia Daring the Year ending Dec 31 1898 Premiums Amount of Risk Risks Written Received End of Year Fidelity and Surety 249638 82 1193 73 21947 38 Aggregate 249038 82 1193 73 241947 s BUSINESS IN GRORGIA TOR YEAR ENDING APRIL 30 1899 Risks 2S0697 38 Premiums 1251 88 Tax 12 51 UNITED STATES BRANCH OF THE EMPLOYERS LIABILITY AS SURANCE CORPORATION LIMITED LONDON ENGLAND I CAPITAL 1 Whole amount of capital stock in England 5000000 00 Subscribed but unpaid 3000000 00 2 Amount paid up in cash in England 750000 00 Account of Stocks and Bonds Owned Absolutely by the Company 9 Total par and market value carried out at market value 961600 00 12 Cash in companys principal office 800 00 13 Cash belonging to the company deposited in bank Massachusetts National Bank Boston 846 20 Cash deposited with Trustees with Kid der Peabody Co 9166 71 Total cash items 15 Interest due and accrued on bonds not included in mar ket value uncoilected Premiums in course of collection not overdue Overdue premiums 794598 Tolal assets of the company actual cash market value 10S12 91 7059 17 246656 09 1226128 17 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 51480 00 3 Losses resisted including interest costs and other expenses thereon resisted for employers 208415 00 Resisted on corporations own account 38845 00 4 Total grcss amount of claims for losses 6 Net amount of unpaid losses 298740 00 298740 00COMPTROLLERGENERALS REPORT 379 7 Gross premiums without any deduction received and receivable upon all unex pired risks running one year or less from date of policy 94640436 unearned pre miums fifty per cent 473202 18 8 Gross premiums without any deduction re ceived and receivable upon all unexpired risks running more than one year from date of policy 1822754 unearned pre miums pro rata 5000 25 11 Total unearned premiums as computed above carried out 478202 43 19 All other demands against the company absolute and contingent due and to becoime due admitted and contested viz Commissions etc 57963 16 Total 834905 59 21 Capital deposit 250000 00 23 Surplus beyond capital deposit and all other liabilities 141222 58 24 Aggregate amount of all liabilities including capital paid up and net surplus 1226128 17 lvINCOME DURltG THK YEAR 1 Gross premiums and bills in course of col lection ait close of last previous year as shown by that years statement 281891 65 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit Item 2 page 1 1283822 36 5 Totai 1565714 01 6 Deduct premiums and bills in course of collection at this date 254602 07 7 Entire preimdums collected during the year 1311111 94 8 Deduct reinsurance and return premiums 196615 78 9 Net cash actually received for premiums carried out 1114496 16 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 63834 68 15 Aggregate amount of income actually received during the s 1178330 84 year m cash VKXPRNDITUEKS DURING THE YEAR 3 Net amount paid during the year for losses 633474 30 G Paid for commissions or brokerage 20b157 8b 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 49703 73380 COMPTROLLERGENERALS REPORT 8 Paid for State national and local taxes in this and other states 31385 16 Total 66776 25 10 American branches of foreign companies will please re port amount sent to home offices during the year 81 75388 Aggregate amount of actual expenditures during the year in cash 1047497 30 Business in the State of Georgia During the Year Ending Dec 31 180S Fire Marine and Inland risks written 995746 00 Premiums received gross 4425 54 bosses paid 4005 10 Losses incurred 3695 10 BUSINESS IN GEORGIA FOR YKAR ENDING A 1RI I 30 1890 Risks 766970 UO Premiums 3408 76 Losses 4576 20 Tax 34 OS THE FIDELITY AND CASUALTY INSURANCE COMPANY OF NEW YORK I CAPITAL 1 Whole amount of capital stock 250000 00 250000 00 2 Almount paid up in cash 250000 00 11ASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 570832 07 5 Casn in companys office 34141 76 Deposited in banks National Park Bank N Y 1648762 Chemical National Bank N Y 987631 American Ex change National Bank N Y 896260 Girard National Bank Philadelphia Pa 75000 Illinois Trust Savings Bank Chicago 111 300000 Union Na tional Bank Louisville Ky 10000 Mutual National Bank Troy N Y 20000 Peoples Savings Bank Detroit Mich 40000 Mercantile Bank Pitts burgh Pa 10000 Denver National Bank Denver Col 15000 Interna tional Trust Co Boston Mass 25000COMPTROLLERGENERALS REPORT 381 Anglo California Bank San Francisco Ca 50000 Whitney National Bank New Orleans La 15000 The Fourth National Bank Atlanta Ga 25000 Manufacturers National Bank Newark N J 10000 Boatmens Bank St Louis Mo 25000 Oity Bank Buffalo N Y 10000 Merchants National Bank Baltimore Md 10000 Citizens Bank Richmond Va 15000 The Trust National Bank of New Haven 10000 41976 53 Total cash items 76118 29 9 Total par aud market value of stocks and bonds owned absolutely by tbe company carried out at market value 2048376 25 15 Interest due and accrued on stocks not included in mar ket value uncolleeted 2016 67 All other assets both real and personal viz Rents due and accrued 205910 due from other companies for rein surance on losses already paid Reserve Reinsurance De posit cash in companys possession 1926891 21328 01 Gross premiums in course of collection not more than three months due 529676 82 Total assets of the company actual cash market value 3248348 11 IIILIAML1TIKS 6 Net amount of unpaid losses 563774 23 11 Total unearned premiums as computed above carried out 1667568 52 17 Due and accrued for salaries reiit advertising and for agncy and other miscellaneous expenses 48098 90 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions on premiums in course of collection 133616 43 Total 2418058 08 21 Joint stock capital actually paid up in cash 250000 00 23 Surplus beyond capital and all other liabilities 580290 03 24 Aggregate amount of all liabilities including capital paid up and net surplus 3248348 11382 COMPTROLLERGENERALS REPOKT IVINCOME DURING YEAR As Shown by Books at Home Office December 31 6 Net cash actually received for premiums carried out 3209345 60 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 80092 74 12 Income received from all other sources omitting increase if any in value of securities viz Rents 5605358 Profit on sale of ledger assets during the year over book values 1078750 66841 08 15 Aggregate amount of income actually received during the year in cash 3356279 42 VEXPEND1TURKS DURING THE YEAR 3 Net amount paid during the year for losses 1275004 20 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 50000 00 6 Paid for commissions or brokerage 840150 34 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 361175 66 8 Paid for State national and local taxes in this and other States 58991 82 9 All other payments and expenditures 514930 14 Aggregate amount of actual expenditures during the year in cash 3100252 16 Business in the State of Georgia during the Year Fire Marine and Inland risks written 9625463 15 Premiums received gross 28341 44 Losses paid 12955 37 Losses incurred 12955 37 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 9995762 00 Premiums 28723 30 Losses 21908 64 Tax 287 23COMPTROLLERUExNTERALS REPORT 383 THE FIDELITY AND DEPOSIT SURETY COMPANY BALTIMORE MD ICAPITAL 1 Whole amount of capital stock 1000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 600000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1801567 00 12 Cash in companys principal office 5320 25 13 Cash belonging to the company deposited in banks National Mechanics Balto 91150 00 West Virginia Banks 50000 00 Total 146470 45 Total cash items 146470 45 17 Premiums in course of collection 113253 30 Total assets of the company actual cash market value 2661290 75 111LIABILITIES 1 Losses due and unpaid 2336 06 2 Gross losses in process of adjustment or in suspense in cluding all reported and supposed lossest 39017 46 7 Gross premiums without any deduction received and receivable upon all unex pired surety risks running one year or less from date of policy 971597 10 Unearned premiums fifty per cent 485798 55 11 Total unearned premiums as computed above carried out 485798 55 Ttal 527152 07 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 1134138 68 24 Aggregate amount of all liabilities including capital paid up and net surplus 2661290 75 IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 126420 96 3 Net collected 126420 96384 COMPTROLLERGENERALS REPORT 4 Gross premiums on risks written and re newed during the year as shown in Risk and Premium Exhibit item 2 page 1 858975 71 5 Total 985396 67 6 Deduct premiums and bills in course o collection at this date 144194 70 7 Entire premiums collected during the year 841201 97 8 Deduct reinsurance and return premiums 22078 40 9 Net cash actually received for premiums carried out 819123 57 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents Income received from commissions safe deposit de partment etc Total Id Aggregate amount of income actually received during the year in cash V EXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses oc curring in previous years 325993 16 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year and all amounts ac tually received for reinsurances in other companies 47151 819123 5Z 65616 50 38657 48 52235 95 975633 5a 975633 50 100000 00 189893 88 710b 2i 42106 84 3 Net amount paid during the year for losses 273841 89 278841 83 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and ali other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Auditing 2091046 rent 7800 legal expenses 1099968 real estate repairs 895514 furniture and fixtures 7 38182 advertising 763101 printing and stationery 1572795 postage 1437859 incidentals develop ment etc 5132506 Aggregate amount of actual expenditures during the year in cash 145108 89 826983 61COMPTROLLERGENERALS REPORT 385 Business in the State of Georgia During the Year Ending Dec SI 1898 Surety risks written 3600190 00 Premiums received gross 25106 69 Losses paid 6398 69 Losses incurred 4422 52 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 3493800 00 Premiums 22731 76 Losses 6630 25 Tax x 227 32 THE GENERAL ACCIDENT ASSURANCE CORPORATION LIMITED PERTH SCOTLAND IIINCOME DURING YEAR 1898 Cash received for premiums on new pol icies without deductions for commissions or other expenses 2193 88 18 Money borrowed 133 59 19 From all other sources viz Received from Perth 329826 50 Total income 332153 97 IIIDISBURSEMENTS DURING YEAR 1898 17 Cash paid for commissions and bonuses to agents less commission on reinsurance renewals 826 59 18 Cash paid for salaries and allowances to managers and agents 886 19 23 Casli paid for insurance department fees and agentslicenses 176 40 24 Cash paid for rent 177 67 16 Cash paid for furniture fixtures and safes for home and agency offices S4 56 27 Cash paid for advertising 11650 print ing 4456 161 06 28 Cash paid for legal expenses 15 00 Total disbursements 2327 47 Balance 329826 50 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 5 Premium notes loans or liens on policies in force 323330 75 s Cash deposited in banks 6495 75 13 Total net or ledger assets less depreciation 329 826 50386 COMPTROLLERGENERALS REPORT THE GUARANTY COMPANY OF NORTH AMERICA OF MONTREAL CANADA ICAPITAL STOCK 1 Whole amount of capital stock subscribed 068600 00 2 Amount paid up in cash 304600 00 IIASSBTS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3780 less written off 1000 4 Value of lands mortgaged exclusive of buildings and per ishable improvements 5000 00 5 Value of buildings mortgaged insured for 8100000 as collateral 1000 00 6 Total value of said mortgaged premises carried inside 6000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 12 Cash in companys principal office 1016 25 13Cash belonging to the company deposited in Bank of Montreal Montreal 24268 01 Quebec Bank Montreal 10000 00 Canadian Bank of Commerce Montreal 10000 00 Merchants Bank of Canada 10000 00 Dominion Bank 10000 00 Cuyler Morgan Co New York 8870 98 Chase National Bank New York 1198 00 Bank of Montreal Chicago 12038 99 Tradesmens National Bk Pittsburg Pa 58 94 Bank of Kentucky Louisville Ky 1534 95 Bank of Buffalo Buffalo N Y 624 80 Philadelphia Trust Safe Deposit Insur ance Co Philadelphia Pa 1322 81 Fourth National Bank Nashville Tenn 472 67 Third National Bank Atlanta Ga 1493 33 St Louis National Bank St Louis Mo 7 11 Continental National Bank St Louis Mo 122 30 Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected 16 Interest due and accrued on bank deposits uncollected Premiums ill course of collection 903667 less com mission 451 83 Furniture and safes 402549 less 10 per cent S40255 Total assets of the company actual cash market value 70419 33 2780 00 797968 66 93029 09 8071 07 2048 il 8584 84 3H22 94 986524 54COMPTROLLERGENERALS REPORT 387 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 17438 02 3 Losses resistedincluding interest costs and other expenses thereon 59833 39 4 Total gross amount of claims for losses 77271 41 5 Deduct reinsurance thereon 10000 00 6 Net amount of unpaid losses 67271 41 7 Gross premiums without any deduction re ceived and receivable upon all unexpir ed risks running one year or less from date of policy 202166 58 Unearned premiums fifty per cent 101083 29 11 Total unearned premiums as computed above carried out 101083 29 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 6655 00 20 Total amount of all liabilities except capital stock scrip and net surplus 175009 70 21 Joint stock capital actually paid up in cash 304600 00 23 Surplus beyond capital and all other liabilities 506914 84 24 Aggregate amount of all liabilities including capital paid up and net surplus 986524 54 IVINCOME DURING THE Yl 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement Net collected 5 Gross premiums on risks written and renew ed during the year 5 Total 6 Deduct premiums and bills in course of col lection at this date 7 Entire premiums collected during the year 8 Deduct reinsurance and return premiums 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mort gages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of se curities viz rents 15 Aggregate amount of income actually re ceived during the year in cash Guarantee 10614 00 10614 00 210945 26 221559 26 9036 67 212522 59 38072 46 174450 13 96 80 35105 92 2932 26 212585 11388 COMPTROLLERGENERALS REPORT VEXPENDITURES DURING THE YEAH Guarantee 1 Gross amount actually paid for losses 9301109 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 2426233 and all amounts actually received for reinsur ances in other companies 1572550 39987 83 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 5972461 inspection 1364096 8 Paid for state national and local taxes in this and other states 9 All other payments and expenditures viz rents 7 28027 law charges 212973 printing and advertising 424778 postage telegrams etc 855532 loss on ma tured security 1200 Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year Written Premiums received gross Losses paid Losses incurred 53026 26 24368 00 8666 68 73365 57 7848 48 22225 10 189500 09 Guarantee 2312000 00 6950 55 5654 26 4563 71 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks Premiums Losses Tax 2223200 00 7738 51 4303 94 77 38 THE HARTFORD STEAM BOILER INSPECTION AND INSURANCE COMPANY HARTFORD CONN ICAPITAL STOCK 1 Amount of capital stock au thorized 10000000 sub scribed for 500000 00 2 Amount of capital paid up in cash 500000 00 a Amount of net ledger assets December 31st of previous year 1951707 78 Extended at 1951707 78COMPTROLLERGENERALS REPORT 389 IIINCOME DURING YEAR Steam Boiler 1 c Gross premiums unpaid Dec 31 last yearpaid 265911 14 2 c Gross premiums written and renewed during year 1057602 85 Total 1323513 99 3 c Deduct gross premiums now in course of collection 277374 58 4 Entire premiums collected during the year 1046139 41 5 Deduct reinsurance abatement rebate and return premiums 107317 49 6 Net cash actually received for premiums carried out 938821 92 938821 92 8 Interest on loans on mortgages of real estate 1691101 10 Interest on bonds and dividends on stocks 80879 23 Total interest 97790 24 12 Profit on sale or maturity of ledger assets during the year over book values 1057 46 14 d Income from all other sources viz Profit and loss collected I3000 special mechanical services 197712 3384 58 Total income during the year 1039996 74 Sum 2991704 52 IIIDISBURSEMENTS DURING YEAR Steam Boiler 1 Gross amount paid for claims excepting weekly indemnity 55725 72 Total 55725 72 Net paid policyholders 55725 72 55725 72 A Stockholders for interest or dividends amt declared during the year 6000000 60000 00 5 Commissions or brokerage to agents less received on reinsurance 220002 80 6 Salaries traveling and all expenses of agents and agencies not on commission account 97189 98 7 Medical examiners fees and salaries inspections 32915733 329157 33 S Salaries and all other compensation of offi cers 2900000 and home office em ployes 1450468 43504 68 9 Taxes on premiums 1219484 insurance department fees and agents licenses 320875 State and municipal licenses 906663 U S revenue 341187 27882 09 10 Rent 4250 00 11 Legal expenses 900 00390 COMPTROLLERGENERALS REPORT 12 Furniture and fixtures 126383 advertis ing 1946975 printing and stationery 1426118 34994 76 13 Losses on ledger assets actually sold or ma tured under book value 236 34 14 d All other items office expenses 2685 87 Profit and loss 14864 08 Total miscellaneous expenses Total disbursements 835667 9 891393 65 Balance 2100310 8r IVLEDGER ASSETS 1 a Book value of real estate unincumbered 58432 91 2 Mortgage loans on real estate first liens 301003 00 4 a Book value of bonds excluding interest 146102079 and stocks 17906645 1640087 24 5 Oash in companys office 352370 depos ited in banks 9726702 100790 72 Name of banks and amounts Security Co 1491503 U S Bank 2331280 Hart ford Nat Bank 3056790 Conn River Banking Co 3847129 Total 2100310 87 Total net ledger assets 2100310 ST NonLedger Assets 6982 67 10 Interest accrued 15 Total outstanding interest 17 Market value of bonds and stocks over book value Steam Boiler Not over three months due 277374 58 Unpaid commission thereon 30647 90 Net premiums 246726 68 Total net not over three months due 6982 67 42503 7 246726 68 Gross assets 2396523 98 Total admitted assets 2396523 98 VNONLEDGER LIABILITIES Steam boiler 1 Total gross amount of claims 3 Net amounts of unpaid claim account Aggregate of unpaid claims and expenses 4 Gross premiums upon all unexpired risks running one year or less from date of policy Steam boiler premiums 8499467 unearn ed portion 50 per cent 4249733 total one year or less In Process of Adjustment 16984 27 16984 27 16984 27 KilKS4 2T 42497 33COMPTROLLERGENERALS REPORT 391 5 Gross premiums upon all unexpired risks running more than one year from date of policy Steam boiler 248197971 unearned pre mium pro rata 128670540 total more than one year 1286705 40 6 Total unearned premiums as computed above carrd out 1329202 73 Total amount of all liabilities 1346187 00 12 Jointstock actually paid up in cash 500 000 00 13 Surplus beyond capital and other liabilities 550336 981050336 98 Total 2396523 98 Business in the State of Georgia During the Year Ending Dec 31 1898 Bisks Written Premiums Losses Paid Losses Amount of Risks Received Incurred End of Year Steam boilers j 785700 00 p 70 45 98 55 2120700 00 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 637700 00 Premiums 5847 19 Losses 98 55 Tax 58 47 LLOYDS PLATE GLASS INSURANCE COMPANY NEW YORK N V ICAPITAL STOCK 1 Amount of capital stock authorized 250 00000 subscribed for 250000 00 2 Amount of capital paid up in cash 250000 00 Amount of net ledger assets Dec 31st of previous year 661930 04 IIINCOME DURING YEAR As shown by Books at Home Office December 31st Plate Glass 1 Gross premiums unpaid Dec 31 last year paid 65984 40 2 Gross premiums written and renewed dur ing year 451810 57 Total 517794 97 3 DeduQt gross premiums now in course of collection 62920 33 4 Entire premiums collected during the year 454874 64 5 Deduct reinsurance abatement rebate and return premiums 37989 19 6 Net cash actually received for premiums 416885 4 7 Rents from companys property 12321 11 8 Interest on loans on mortgages of real estate 950 00392 COMPTROLLERGENERALS REPORT 10 Interest on bonds and dividends on stocks 15080 27 Total interest 28351 38 12 Profit on sale or maturity of ledger assets during the year over book values 7625 27 14 Income from all other sources viz Profit and loss suspense account 50 96 7676 23 Total income during the year 452913 06 Sum 1114843 10 IIIDISBURSEMENTS DURING THE YEAH Plate Glass 1 Gross amount paid for claims excepting weekly indemnity 160510 08 3 Deduct reinsurances salvages and recov eries on losses previously paid 17tl79 93 Net paid policyholders 14333015 4 Stockholders for interest or dividends amt declared during the year 50000 00 5 Commissions or brokerage to agents less received on reinsurance 159532 89 6 Salaries traveling and all expenses of agts and agencies not on commission account 3140 32 8 Salaries and all other compensation of offi cers 16600 and home office employes 3974826 56348 26 9 Taxes on premiums 401865 taxes on property 338403 insurance depart ment fees and agents licenses 431453 municipal licenses 1050462 22221 83 10 Rent 2961 70 11 Legal expenses 29036 real estate repairs and expenses other than taxes 3 17805 3468 41 12 Furniture and fixtures 48230 advertis ing 640865 printing and stationery 363403 10524 98 14 All other items viz Postage and express 309858 sundries 606072 interal rev enue tax 94362 10102 92 Total miscellaneous expenses 318301 31 Total disbursements 461631 46 Balance 653211 64 IVLEDGER ASSETS As per ledger accounts shown by the books at home office at close of bus iness December 31 1 Book value of real estate unincumbered 245763 18 2 Mortgage loans on real estate first liens 20000 00 4 Book value of bonds excluding interest 28601691 and stocks 8617807 372194 98COMPTROLLERGENERALS REPORT 393 Cash in companys office 338207 deposit ed in banks New York National Exchge Bank 776974 Corn Exchange Bank 410107 1187081 15253 48 Total net ledger assets NonLedger Assets 11 Interest accrued on bonds and stocks paid when purchased 15 Total outstanding interest 10 18 48 61 Market value of real estate over book value Gross premiums in course of collection to wit Plate GlassNot over three months due5786549 un paid commissions thereon 1446637 net premiums 4339912 More than three months due 505484 to tal net not over three months due Gross assets 653211 64 48 61 19236 82 43399 12 715896 19 3844 44 Deduct Assets Not Admitted 4 Depreciation from book values of above ledger assets to bring same to market value Total admitted assets 712051 75 VNONLEDGEB LIABILITIES 3 Net amout of unpaid claim account in process of adjust ment plate glass 3649 42 4 Gross premiums upon all unexpired risks running one year or less from date of policy plate glass premiums 36156792 unearned portion fifty per cent 180783 96 5 Gross premiums upon all unexpired risks running more than one year from date of policy plate glass premiums 8573585 unearned premium pro rata 43754 75 6 Total unearned premiums as computed above carried out 224538 71 8 Salaries rent expenses taxes bills accounts fees due or accrued including plate glass and glazing 30640 48 Total amount of all liabilities 12 Joint stock capital actually paid up in cash 250000 00 13 Surplus beyond capital and other liabilities Total 203323 14 258828 61 453223 14 Business in the Stale of Georgia during the year PLATE GLASS Risks written Premiums received Losses paid Losses incurred Amount at risk end of year 712051 75 39833 20 1013 38 304 80 469 42 39833 20394 COMPTROLLERGENERALS REPORT BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks Premiums Losses Tax 43026 79 1054 93 456 23 10 55 THE UNITED STATES BRANCH OF THE LONDON GUARANTEE AND ACCIDENT COMPANY LONDON ENG I CAPITAL STOCK 2 Amount paid up in cash 200000 00 Amount of net ledger assets December 31 of previous year 763605 38 Extended at 763605 38 II INCOME DURING THE YEAR As shoirn by books at Home Office December 31st Accident Employers Fidelity accident Liability and Suret 1 Gross premiums unpaid Dec 31st last year paid 34665 81 122306 05 1153 6 2 Gross premiums writ ten and renewed dur ing year 206809 47 Total241475 28 Deduct gross premiums now in course of col lection 37333 01 656204 15 778510 20 104734 37 2254 25 3407 87 Entire premiums col lected during the year 204142 27 Deduct reinsurance rebate and return premiums 47109 84 673775 83 3407 87 93574 58 462 12 6 Net cash actually re ceived for premiums 157032 43 580201 25 10 Interest on bonds and dividends on stocks 11 Interest upon other debts due the company and on deposits in bank Total interest 12 Profit on sale or maturity of ledger assets during the year over book values 14 Income from all other sources viz Profit and loss 2945 75 28364 70 82 19 136 64 22 75 740179 43 28446 89 159 39 Total income during the year 768785 71 Sum 1532391 09COMPTROLLERGENERALS REPORT 395 III DISBURSEMENTS DURING THE YEAR As shown by books at Home Office December 3lst Accident 1 Gross amount paid for Employers Liability Fidelity and Surety claims 79419 58 1289093 47 128 26 Net paid policyhold ers 79419 58 289093 47 4 Stockholders for interest or dividend re mitted head office 5 Commissions or brokerage to agents less re ceived on reinsurance 6 Salaries traveling and all expenses of agents and agencies not on commission account 7 Medical examiners fees and salaries 3 77728 inspections 523131 8 Salaries and all other compensation of offi cers and home office employees 9 Taxes on premiums 764080 insurance de partment fees and agents licenses 3 49238 municipal licenses 231504 rev nue stamps 140110 10 Rent 11 Legal expenses 256917 real estate repairs and expenses other than taxes trustees and auditors 2300 12 Furniture and fixtures 62430 advertising 1310482 printing and stationery 7 43059 14 All other items viz Postage 279145 traveling 319961 exchange 12857 sundry 662281 Total miscellaneous expenses Total disbursements Balance 128 26 368641 31 28840 48 199160 54 19212 59 9008 59 42340 77 14849 32 4180 01 4869 17 11159 71 12742 44 317523 14 715004 93 817386 19 IV LEDGER ASSETS As per ledger accounts shown by the books at Home Office at close of business Dec 31 4 Book value of bonds excluding interest 758453 63 5 Cash in companys office 97637 deposited in banks 5795616 58932 53 Merchants Loan Trust Co Bank Chi cago 111 deposited to credit of United States Trustees 5795616 Total 817386 16 Total net ledger assets 817386 16396 COMPTROLLERGENERALS REPORT NonLedger Assets 11 Interest due and accrued 8599 81 Total outstanding interest 8599 81 17 Market value of bonds and stocks over book value not in cluding interest 33301 75 Not over three Unpaid com Net prem More than 3 mons due thereon mons due Accident 35577 14 9410 87 26166 27 1755 87 Employ e rs liability 103209 26 28382 54 74826 72 1525 11 138786 40 37793 41 100992 99 100992 99 Gross assets 9602S0 71 XON1EDGEE LIABILITIES In process of Known or estimd Ressd bv Co Estimatd Ex adjust Proofs not filed on own acct incidt sett Accidents 5000 00 13037 19 1100 00 Employer s liability 226135 00 1 Total gross amt of claims 5000 00 13037 19 1100 00 226135 00 Aggregate and unpaid claims and expenses 245272 19 4 Gross premiums upon all unexpired risks running one year or less from date of policy Accident premiums 128064 52 unearned portion 50 per cent 64032 26 Employers liability premiums 54854220 unearned portion 50 per cent 27427110 Fidelity and surety premiums 178850 unearned portion 50 per cent 89425 Total one year or less 339197 61 6 Total unearned premiums as computed above carried out 339197 61 8 Salaries rents expenses taxes bills accounts fees etc due or accrued 13555 64 Total amount of all liabilities 598025 44 12 Jointstock capital actually paid up in cash statutory deposit 200000 00 13 Surplus beyond capital and other liabilities 162255 27 362255 27 Total 960280 71 Business in the Stale of Georgia during the year Risks Written Preras recd Losses paid Losses Incurd Amt of risk Accident 925400 00 183135 18199 18199 657900 00 Employers s liability 280000 00 2696 76 294 60 294 60 280000 00 Fidelity 38000 00 360 00 38000 00 Aggregate 1243400 00 4888 11 476 59 476 59 975900 00COMPTROLLERGENERALS REPORT BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks Premiums Losses Tax 397 850000 0 4720 12 800 00 47 20 9 11 12 13 14 15 16 17 MARYLAND CASUALTY COMPANY BALTIMORE M D ICAPITAL Whole amount of capital stock 500000 00 Amount paid up in cash 500000 00 nASSETS Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 743242 IS Total par and market value of stocks and bonds and all other securities except mortgages hypothecated to company and amount loaned thereon 18000 00 Cash in companys principal office 23524 58 Cash belonging to the company deposited in bank A C Brown Sons 1000000 Fidelity and Deposit Co 709762 Mary land Trust Co 128288 Nal Mechanics Bank 131705 Third National Bank 548835 total 25185 90 Total cash items 48710 4S Amount of premium unpaid upon which policies have been issued 73697 SO Interest due and accrued on stocks not included in market value uncollected 274 s2 Interest due and accrued on collateral loans and uncol lected 1028 Cash in hands of agents and in course of transmission 278 84 Total assets of the company actual cash market value 88677920 IIILIABILITIES Losses due and unpaid 659 04 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 6553 15 Losses resisted including interest costs and other expenses thereon 8000 00 Total gross amount of claims for losses 15212 19 Net amount of unpaid losses lo21i398 COMPTROLLERGENERALS REPORT 7 Gross premiums without any deduction re ceived and receivable upon all unexpired risks running one year or less from date of policy 25459817 unearned premiums fifty per cent 127299 09 S Gross premiums without any deduction re ceived and receivable upon all unexpired risks running more than one year from date of policy 343840 unearned pre miums pro rata 2750 72 11 Total unearned premiums as computed above carried out 130049 81 12 Net premiums reserve and all other liabilities except capital under the life insurance or any other special department 145262 00 20 Total amount of all liabilities except capital stock scrip and net surplus 145262 00 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 241547 20 24 Aggregate amount of all liabilities including capi tal paid up and net surplus 880779 20 INCOME DURING TUB YEAR 4 Gross premiums on risks written and re newed during the year 6 Deduct premiums and bills in course of col lection at this date 290034 55 101706 31 7 Entire premiums collected during the year 188928 24 S Deduct reinsurance and return premiums 24855 76 9 Net casli actually received for premiums carried out 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting in crease if any in value of securities viz Inspection fees 13 Received for calls on capital 50000000 Surplus 200 00000 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR 3 Net amount paid during the year for losses 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures Aggregate amount of actual expenditures during the year in cash 104072 48 12370 85 8255 71 700000 00 884699 04 9690 6S 42229 24 16126 75 7218 S3 35335 94 110601 44COMPTROLLERGENERALS REPORT 399 Business in the State of Georgia during the year ending Dec 31 1898 Accident and casualty risks written 1233354 39 Premiums received gross 10435 44 Losses paid 1982 69 Losses incurred 2193 69 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 2222103 77 Premiums 17021 15 Losses 4902 14 Tax 170 21 THE METROPOLITAN PLATE GLASS INSURANCE COMPANY OP NEW YORK N Y ICAPITAL STOCK 1 Whole amount of capital stock 2 Amount paid up in cash 100000 00 100000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of ineuimbrances thereon 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 12 Cash in companys principal office 1243 19 13 Cash belonging to the company deposited in bank Union Trust Co N Y 10374 39 Kings County Trust Co Brooklyn 7035 46 Peoples Trust Co Brooklyn 5484 88 U S Trust Co Boston 1000 00 Total 25137 92 Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected 16 Rents accrued 17 Net premiums in course of collection not over three months due All other assets both real and personal viz Due from other companies for reinsurance on losses already paid Plate glass on hand to replace losses Sundry accounts due for glass sold Total assets of the company actual cash market value 150000 00 292357 50 25137 92 533 33 137 51 27791 97 902 82 141 94 497002 99 400 COMPTROLLERGENERALS REPORT III LIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 5 Deduct reinsurance thereon 7 Gross premiums without any deduction received and receivable upon all unexpir ed fire risks running one year or less from date of policy unearned premiums fifty per cent 1500 00 1500 00 131553 22 11 Total unearned premiums as computed above carried out 18 Sundry accounts due for glass and glazing 131553 22 6067 59 Total 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and neit surplus 139120 81 100000 00 257882 18 497002 99 IVINCOME DURING THE YEAR Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 40186 69 Net collected 40186 69 Gross premiums on risks written and re newed during the year as shown in Risk and Premium Exhibit item 2 page 1 297144 97 Total 337331 66 Deduct premiums and bills in course of collection at this date 42703 67 Entire premiums collected during the year 294627 99 Deduct reinsurance and return premiums 42409 66 9 Net cash actually received for premiums carried out 252213 33 252218 33 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 11775 64 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 2775 99 15 Aggregate amount of income actually received during the year in cash 266769 9SCOMPTROLLERGENERALS REPORT 401 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 2200 losses occuring in pre vious years 115677 71 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 514606 and all amounts actually received for reinsur ances in other companies 5146 06 3 Net amount paid during the year for losses il0531 65 110531 65 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 20000 0t 6 Paid for commissions or brokerage 89669 29 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 37775 29 8 Paid for State national and local taxes in this and other States 16145 02 9 All other payments and expenditures viz Real estate repairs 183325 printing and stationery 189515 advertising 189253 postage and expressage 126260 sundries 712416 14007 69 Aggregate amount of actual expenditures during the year in cash 288128 94 Business in the Stole of Georgia during the year ending Dec 31 18118 Fire Marine and Inland risks written 31033 46 Premiums received gross 557 46 Losses paid 191 13 Losses incurred 191 13 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 31733 79 Premiums 773 21 Losses 139 13 Tax 7 73402 COMPTROLLERGENERALS REPORT THE NATIONAL SURETY COMPANY OF NEW YORK N Y ICAPITAL 1 Whole amount of capital stock 500000 00 2 Amount paid up in cash 500000 00 IIASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 48775 00 3 Interest due on all said bond and mort gage loans 19058 interest accrued thereon 68785 872 43 872 43 4 Value of lands mortgaged exclusive of buildings and perishable improvements 105225 00 5 Value of buildings mortgaged insured for 43200 as collateral 96650 00 6 Total value of said mortgaged premises carried inside 201875 00 Account of Stocks and Bonds Owned Absolutely by the Company Par Value Market Vam U S Gov bonds 30000 00 34200 00 U S Gov registered bonds 110000 00 14190000 Ntw York city gold exempt bonds 200000 00 213100 00 New York city gold exempt bonds 300000 00 321450 00 New York city gold exempt bonds 200000 00 216940 00 New York city gold exempt bonds 55000 00 60280 00 City of Brooklyn gold ex empt bonds 25000 00 27060 00 City of Brooklyn gold ex empt bonds 15000 00 16492 50 City of Brooklyn gold ex empt bonds 25000 00 27522 50 9 Total par and market value carried out at market value 12 Cash in companys principal office 13 Cash belonging to the company deposited in bank 960000 00 1058945 001058945 00 1123 72 74383 33 75507 05 Total Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected 75507 05 6125 00COMPTROLLERGENERALS REPORT 403 17 Cash in hands of agents and in course of transmission 94220 less commissions thereon 601426 Amounts advanced on contracts guaranteed secured by mortgages and cash payments assigned to the company Total assets of the company actual cash market value 205 74 97706 24 1376136 46 IIILIABILITIES 2 Gross losses in process of adjustment or n suspense including all reported and sup posed losses 9258 43 3 Losses resisted including interest costs and other expenses thereon 26467 90 4 Total gross amount of claims for losses 35726 33 6 Net amount of unpaid losses 35726 33 7 Gross premiums without any deduction received and receivable upon all unex pired fidelity and surety risks running one year or less from date of policy 423818 06 Unearned premiums fifty per cent 211909 03 11 Total unearned premiums as computed above carried out 211909 03 12 Special reserve for contingent claims under reinsurance contract 21000 00 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Due other companies for reinsurance 22555 trust funds etc 3184014 32065 69 20 Total amount of all liabilities except capital stock scrip and net surplus 300701 05 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 575435 41 24 Aggregate amount of all liabilities including capital paid up and net surplus 1376136 46 IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 49436 94 4 Gross premiums on risks written and re newed during the year as shown in Risk and Premium Exhibit item 2 page 1 511735 29 5 Total 561172 23404 COMPTROLLERGEXERAL8 REPORT 6 Deduct premiums and bills in course of col lection at this date 7 Entire premiums collected during the year 8 Deduct reinsurance and return premiums 94220 00 466952 23 65544 26 9 Net cash actually received for premiums carried out 10 Received for interest an bands and mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting in crease if any in value of securities viz Trust funds 3184014 suspense 42972 Div Natl Bank of K C defunct 64524 15 Aggregate amount of income actually received during the year in cash 401407 97 2887 59 34601 39 32915 10 471812 05 VEXPENDITURES DURING THE YEAR Gross aimoumt actually paid for losses Deduct all amounts actually received for salvages whether on losses of the last or of previous year and all amounts ac tually received for reinsurances in other companies Fidelity and Surety 79998 88 33895 65 3 Net amount paid during the year for losses 46103 23 46103 23 Fo r6nt 8171 16 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 25000 00 5 Compensation of resident officers and local consulting attorneys 9825 05 P Paid for commissions or brokerage 31596 65 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 68215 55 S Paid for State national and local taxes in this and other States and for tax premiums 7212 3s For legal expenses 5341 50 9 All other payments and expenditures viz Postage and express 671740 telegrams and telephones 208272 traveling expenses 779108 Inspection and loss ex penses and sundries 3049939 for advertising 82823 for general printing and stationery 1350855 61427 37 10 For salaries traveling and all expenses of agents and agencies not on commission account 51521 68 Losses on securities actually sold under cost 281 25 Aggregate amount of actual expenditures during year in cash 314695 82COMPTROLLERGENERALS REPORT Business in the State of Georgia during the year ending Dec 31 Fidelity and surety risks written Premiums received gross Losses paid Losses incurred BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks Premiums Losses Tax 405 1898 578 1 1 346 00 870 94 820 49 403 64 841803 24 2519 28 2337 82 25 19 NEW AMSTERDAM CASUALTY CO OF NEW YORK NEW ICAPITAL STOCK YORK 1 Amount of capital paid up in cash Extended at 200000 00 IIINCOME DURING YEAR 14 Income from all other sources viz from stockholders Total income during the year IIIDISBURSEMENTS DURING YEAR 14 All other items viz Accrued interest on bond purchas ed 1392 08 15000 00 Total miscellaneous expenses Balance IVLEDGER ASSETS 4 Book value of bonds excluding interest 27343750 5 Cash deposited in banks Total net ledger assets 273437 50 10170 42 1458 34 SanLedger Assets 11 Interest due and accrued 1 458 34 15 Total outstanding interest 17 Market value of bonds and stocks over book value not in cluding interest in item 11 schedule 3 Cross assets 200000 00 100000 00 300000 00 16392 08 283007 92 Total admitted assets 283007 92 1458 34 1502 50 286628 76 286628 76406 COMPTROLLERGENERALS REPORT THE NEW YORK PLATE GLASS INSURANCE COMPANY OP NEW YORK N Y ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 100000 00 100000 00 IIASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 12 Cash in companys principal office 2005 86 13 Cash belonging to the company deposited in bank Real Estate Trust Co 6179 82 Knickerbocker Trust Co 542 62 Mechanics and Traders Bank 1500 00 Total cash items 17 Cash in hands of agents and in course of transmission 351725 00 10228 30 26001 69 5893 24 Total assets of the company actual cash market value 387954 9 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 5 893 04 4 Total gross amount of claims for losses 5893 24 6 Net amount of unpaid losses 7 Gross premiums without any deductions received and receivable upon all unex pired P G risks running one year or less from date of policy 210930 65 Unearned premiums fifty per cent 105465 32 11 Total unearned premiums as computed above carried out 14 Amount of dividends declared but not yet due 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Return premiums Total 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus 105465 32 5000 00 582 85 820 37 117761 7S 100000 00 170193 21 387954 9COMPTROLLERGENERALS REPORT 407 IV INCOME DURING THE YEAR I Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 41043 56 3 Net collected 41043 56 4 Gross premiums on risks written and re newed during the year as shown in Risk and Premium Exhibit item 2 page 1 259924 19 5 Total 300967 75 6 Deduct premiums and bills in course of collection at this date 44628 27 7 Entire premiums collected during the year 256339 48 8 Deduct reinsurance and return premiums 52424 29 II Received for interest and dividends on stocks and bonds collateral loans and from all other sources 15 Aggregate amount of income actually received during the year in cash 203915 19 13722 77 217637 96 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 100550 losses occuring to pre vious years 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 660012 and all amounts actually received for reinsur ances in other companies 83931 53 6600 12 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers cierks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Rent legal expenses stationery and printing and all other expen ses Aggregate amount of actual expenditures during the vear in cash 77381 41 10000 00 57983 IS 36858 49 9179 77 20748 84 212151 69408 COMPTROLLERGENERALS REPORT Business in the Mate of Georgia During the Year Ending Deo 31 1898 Plate glass risks written 29 611 65 Premiums received gross 846 93 Losses paid 197 00 Losses incurred 137 00 BUSINESS IN GEORGIA FOB YEAR ENDING APRIL 30 1899 Rlsks 43973 57 Premiums 1101 40 Losses 152 00 Tax 11 01 THE PREFERRED ACCIDENT INSURANCE COMPANY OF NEW YORK N Y I CAPITAL STOCK 1 Whole amount of capital stock 100 000 00 2 Amount paid up in cash 100000 00 IIASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 462587 50 12 Cash in companys principal office 6687 87 13 Cash belonging to the company deposited in bank Merchants Exchange National Bank NY 120124 93 Total cash items 126 512 80 15 Interest due and accrued on stocks mot included in mar ket value unoollected 3 562 y 17 Cash in hands of agents and in course of transmission 51306 12 Net premiums in course of collection not over three months due 53349 06 Total 696517 49 Deduct agents balances 51 305 12 Total assets of the company actual market value 645211 37 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 25350 00 3 Losses resisted Including interest costs and other ex penses thereon 23000 00 6 Net amount of unpaid losses 48350 00COMPTROLLERGENERALS REPORT 400 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date ot policy 497074 74 Unearned premiums fifty per cent Special premium reserve 248537 37 21815 00 11 Total unearned premiums as computed above carried out 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses Total 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR 1 Gross premiums unpaid December 31 last year paid 2 Gros premiums written and renewed dur ing year Total 5 Deduct gross amounts now in course of collection 70986 50 830245 03 901231 53 74641 52 6 Entire premiums collected during the year 826590 01 7 Deduct reinsurance abatement rebate and return premiums 2190 67 8 Net cash actually received for premiums carried out 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR lally paid for losses oc 274084 05 6000 00 1 Gross amount actually paid for losses oc curring in previous years Stockholders for interest or dividends amount declared during the year 6000 Commissions or brokerage to agents less re ceived on reinsurance Salaries traveling and all expenses of agents and agencies not on commission account 270352 37 2309 81 321012 18 100000 00 224199 19 645211 37 251358 47 28750 75 824399 34 15794 00 840193 34 274084 05410 COMPTROLLERGENERALS REPORT Medical examiners fees and salaries 1251040 inspections 475050 17260 SO Salaries and all other compensation of officers 12800 and home office employees 45 23550 53035 50 Taxes on premiums 640905 taxes on prop erty none insurance department fees and agents licenses 729204 municipal licenses 68919 tax on franchise 1 29220 15682 48 Rent including 6500 for companys use of own building 6500 00 Legal expenses 568628 5686 28 Furniture and fixtures 134205 advertising 1557550 printing and stationery 18 85025 35767 80 Ail other items 45410 35 Total miscellaneous expenses 470452 53 Total 744536 58 Business in the State oi Georgia during year ending December 11 189S Fire marine and inland risks written 8342000 00 Premiums received gross 14442 00 Losses paid 5128 03 Losses incurred 5600 53 BUSINESS IN GEORIGA FOR YEAR ENDIKG APRIL 30 1899 Risks 7222000 00 Premiums 13070 00 Losses 4008 04 Tax 130 70 THE STANDARD LIFE AND ACCIDENT INSURANCE COMPANY OF DETROIT MICH ICAPITAL 1 Whole amount of capital stock 200000 00 2 Amount paid up in cash 200000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 08438 93 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 230 237 50COMPTROLLERGENERALS REPORT 411 3 Interest due on all said bond and mortgage loans 3 88662 interest accrued thereon f383709 total 4 Value of lands mortgaged exclusive of buildings and perishable improvements 7 Amount of other loans taxes paid on mortgages 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2 Cash in companys principal office 18084 50 Cash belonging to the company deposited 15 in bank 58990 09 bonds not included in Total cash items Interest due and accrued on market value uncollected All other assets both real and personal as per schedule attached viz Net premiums in course of collection Total assets of the compay actual cash market value 7723 71 640025 00 28 00 288943 10 77074 59 4286 00 163169 00 839900 83 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posedlosses 20952 00 3 Losses resisted including interest costs and other expenses thereon97500 00 4 Total gross amount of claims for losses 118452 00 6 Net amount of unpaid losses 1184o2 7 Gross premiums without any deduction re ceived and receivable upon all unexpired risks running one year or less from date of policy 87289069 unearned pre miums fifty per cent 436445 35 11 Total unearned premiums as computed above carried out 436445 35 20 Total amount of all liabilities except capital stock scrip and net surplus 554897 35 2i Joint stock capital actually paid up in cash i w 23 Surplus beyond capital and all other liabilities 8o0Ui 4 21 Aggregate amount of all liabilities including capi tal paid up and net surplus 839900 83 jVINCOME DURING THE YEAR On Accident On Liability Risks Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 170650 87 65973 3 2 Deduct amount of same not collected 41435 97 26902 26 3 Net collected 129214 90 3907109412 4 Gross premiums on risks written and renewed during the year 727073 18 COMPTROLLERGENERALS REPORT 426341 08 5 Total 856288 08 6 Deduct premiums and bills in course of collection at this date 150153 43 7 Entire premiums collected dur ing the year 706134 65 8 Deduct reinsurance and re turn premiums 96728 28 465412 17 65892 98 399519 19 21743 53 9 Net cash actually received for premiums carried out 609406 37 377775 66 987182 03 10 Received for interest on bonds and mortgages 18863 31 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 11406 63 12 Income received from all other sources omitting increase if any in value of securities viz Rents 670 70 15 Aggregate amount of income actually received dur ing the year in cash 1018122 67 VEXPENDITURES DURIN THE YEAR On Accident On Liability Risks Risks 1 Gross amount actually paid for losses 336217 22 204292 66 3 Net amount paid during the year for losses 336217 22 204292 66 4 Cash dividends actually paid stockholders amount of dividends declared during the year 5 Salaries traveling and all expenses of agents etc not on commission account 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 8 Paid for State national and local taxes in this and other States including licenses 9 All other payments and expenditures viz Medical fees 255200 inspections 1135760 rent 785455 legal 629199 real estate 399 20 furniture and fixtures 65007 advertising 407584 printing and stationery 595852 postage telegraph and express 608868 traveling expenses of officers and employes 542109 adjustment 849015 general expenses 383541 total 540509 88 12000 00 49610 72 261965 67 44956 84 34594 51 62974 9Q Aggregate amount of actual expenditures during the year in cash 1006612 5COMPTROLLERGENERALS REPORT 413 Business in the State of Georgia during the year ending Dec 31 1898 Accident Liability Aggregate Accident and liability risks written 1324400 00 1324400 00 Premiums received gross 19392 29 6 20 19386 09 Losses paid 15763 23 80 27 15843 50 Losses incurred 15763 23 80 27 15843 50 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks J 380650 00 Premiums 19344 24 Losses 13484 70 Tax 193 45 THE UNITED STATES BRANCH OF THE THAMES MERSEY MA RINE INSURANCE COMPANY LIMITED OF LIVERPOOL ENG ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 10000000 00 1000000 00 IIASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 13 Cash deposited in bank National City Bank 15581 29 Total cash items 17 Cash in hands of agents and in course of transmission IS Bills receivable not matured taken for Are marine and inland risks All other assets both real and personal 534640 00 15581 2 82130 41 64379 65 3326 11 Total assets of the company actual cash market value 700057 46 III LIABILITIES 1 Losses due and unpaid 116491 00 3 Losses resisted including interest costs and other expenses 37941 00 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 154432 00 21414 00 6 Net amount of unpaid losses 133018 00 10 Gross premiums without any deduction received and receivable on all unexpired marine risks 46758 00 11 Total unearned premiums as computed above carried out 46753 0f414 COMPTROLLERGENERALS REPORT 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commission and brokerage 1319091 re insurance 2573611 38927 02 20 Total amount of all liabilities except capital stock scrip and net surplus 218703 02 23 Surplus beyond capital and all other liabilities 481354 4T4 24 Aggregate amount of all liabilities including capital paid up and net surplus 700057 46 IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 73550 23 2 Deduct amount of same not collected 261 76 3 Net collected 4 Gross premiums on risks written and re newed during the year as shown in Risk and Premium Exhibit item 2 page 1 5 Total 6 Deduct premiums and bills in course of col lection at this date 73288 47 682657 65 755946 12 150784 22 7 Entire premiums collected during the year S Deduct reinsurance and return premiums 605161 90 281053 35 9 Net cash actually received for premiums carried out 324108 55 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 15000 00 15 Aggregate amount of incotme actually received during the year in cash 339108 55 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 54772 losses occuring in previous years 370417 98 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1767354 and all amounts actually received for reinsur ances in other companies 16688876 184562 20 3 Net amount paid during the year in losses 6 Paid for commissions or brokerage 185855 68 185855 68 49843 86LOMPTROLLERGENEBALS BEPORT 415 7 Paid for salaries fees and Other charges of officers clerks agents and all other employees 24573 86 8 Paid for State national and local taxes in this and other States 10607 08 9 All other payments and expenditures viz Rent sup plies etc 2003052 legal expenses 618769 26218 21 10 Amount sent to home offices during the year 69032 19 Aggregate amount of actual expenditures during the year in cash 297098 69 Business in the Stite of Georgia during the year ending Dec 31 11 Fire marine and inland risks written Premiums received gross Losses paid Losses incurred 926887 00 3051 36 BUSINESS IN GE RGIA F0 I YEAR ENDING APRIL 30 1899 Risks 1296205 00 Premiums 4194 13 Losses Tax 41 94 THE TRAVELERS INSURANCE COMPANY HARTFORD CONN ICAPITAL STOCK 1 Amount of capital stock authorized 1000000 00 Subscribed for 1000000 00 2 Amount of capital paid up in cash 1000000 00 Amount of net or ledger assets December 31st of previous year 3778974 45 Extended at 3778974 45 IIINCOME DURING YEAH As Shown by Books at Home Office December 31st 6 Net cash actually received for premiums carried out 10 Interest on bonds and dividends on stocks 163754 08 11 Interest upon other debts due the company and on deposits in bank 4560 30 Total interest 14 Income from all other sources viz Profit and loss 2984395 96 163314 38 35953 84 Total income during the year 3188664 18 Sum 6967638 63416 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS DURING YEAR As Shown by Books at Home Office December 31st Accident 1 Gross amount paid for claims excepting weekly indemni ty 342746 72 Matured endowments 412 00 2 Give amount paid for weekly or other periodical indem nity 676888 60 Total 1020047 32 3 Deduct reinsurances salva ges and recoveries on losses previously paid 3536 94 1016510 33 Surrender values paid policy holders 2553 85 Net paid policyholders 1019064 23 Expense of claim adjust ments and defense of suits against policyhold ers 25537 24 Total 4 Stockholders for interest or dividends amount declared during the year 5 Commissions or brokerage to agents less received on reinsurance 6 Salaries traveling and all expenses of agents and agencies not on commission account 7 Medical examiners fees and salaries 32 85585 inspections 1214111 8 Salaries and all other compensation of of ficers 2600000 and home office em ployees 8549523 9 Taxes on premiums 6099824 II S reve nue 580036 insurance department fees and agents licenses 1011903 municipal licenses 264829 tax on franchise 12 35745 10 Rent 11 Legal expenses 12 Furniture and fixtures 162063 advertis ing 2478371 printing and stationery 2728607 Employers Liability 239779 85 239779 85 1377 42 238402 43 238402 43 1257466 66 92346 68 117883 92 50000 00 824457 71 86267 14 44996 96 111495 23 91923 37 29627 88 2973 30 53690 41COMPTROLLERGENERALS REPORT 417 13 Losses on ledger assets actually sold or matured under book value 270 00 14 All other items viz Express charges 602305 expense 1113029 exchange 177347 postage 12182 42 traveling expenses 69505 31804 28 Total miscellaneous expenses1445390 20 Total disbursements 2702856 86 Balance 4264781 77 IVLEDGER ASSETS As Per Ledger Accounts Shown by the Books at Home Office at Close of Business December 31st 4 Book value of bonds excluding interest 169108262 and stocks 210201356 3793096 18 5 Cash in companys office 145967 de posited in banks 47022592 471685 59 Total 4264781 77 Total net ledger assets 4264781 77 Non Ledger Assets 11 Interest due and accrued 42107 39 Total outstanding interest 42107 39 17 Market value of bonds and stocks over book value not in cluding interest in item 11 221440 46 Gross assets 4528329 62 Business in the State of Georgia During the Year Ending Dec 31 1898 Risks Written Prem Received Losses Paid Losses Amt at Risk Incurred End f Year Accident 15087660 00 36550 77 12649 75 12649 75 9052596 00 Employers liability 850000 00 8483 52 41S 85 418 85 807500 00 Aggregate 15937660 00 45034 29 13487 45 13487 45 9860096 00 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 13321210 00 Premiums 33454 61 Losses 11550 12 Tax 384 55418 COMPTROLLERGENERALS REPORT THE UNITED STATES CASUALTY INSURANCE COMPANY OP NEW YORK N Y I CAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 300000 00 300000 00 300000 00 1 Market value of real estate owned by the company less the amount of ineumbrances thereon 5000 00 Account of Stocks and Bonds Owned Absolutely by the Company J at Vaiue Market Value United States bonds coupon 3 per cent Consolidated stock of city of New York registered 2y2 per cent New York City exempt addi tional water stock 3 per cent New York City gold bands 3 per cent JSfew York City gold bonds re demption 3 per cent New York City gold bonds 3y2 per cent New York City gold bonds reg istered 3 per cent 9 Total par and market value carried out 12 Cash in companys principal office 13 Cash belonging to the company deposited in bank Bank State of New York 21 01446 Central Trust Co of New York 79557 Old Colony Trust Co Boston 2 07456 International Trust Co Boston Mass 40000 Illinois Trust and Savings Bank Chicago 111 96092 Corn Ex change Bank Chicago 111 20000 Brown Bros Co Philadelphia Pa 73361 Farmers Mechanics National Bank Philadelphia Pa 20000 120000 00 283000 00 50000 00 25000 00 35000 00 210000 00 40000 00 125033 13 256316 56 49750 00 25093 75 37450 00 228637 50 43000 00 21155 10 26379 12 Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected All other assets both real and personal Premiums in course of collection 10030221 less commissions 25 07555 Total assets of the company actual cash market value 765280 94 47534 22 3941 64 75226 66 896983 46COMPTROLLERGENERALS REPORT 419 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 25340 00 3 Losses resisted including interest costs and other expenses thereon 65025 00 4 Total gross amount of claims for losses 90365 00 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired risks running one year or less from date of policy 597973 11 Unearned premiums fifty per cent 298986 51 8 Gross premiums without any deductions received and receivable upon all unex pired risks running more than one year from date of policy 30105 15 Unearned premiums pro rata 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Reinsurance 175189 contingency fund 1831904 agents credit balances 3504 all other in debtedness 100000 Total 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus 90365 00 329091 66 1420 83 21105 97 441983 46 300000 00 155000 00 896983 46 IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 101482 71 3 Net collected 101482 71 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit item 2 page 1 1020267 30 5 Total 1121750 01 6 Deduct premiums and bills in course of collection at this date 101290 79 7 Entire premiums collected during the year 1020459 2242 COMPTROLLERGENERALS REPORT 8 Deduct reinsurance and return premiums 304156 42 9 Netcash actually received for premiums carried out 716302 80 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 20003 87 12 Income received from all other sources 925 00 15 Aggregate amount of income actually received during the year in cash 737231 67 VEXPENDITURES DURING THE YEAR 3 Net amount paid during the year for losses 267440 23 6 Paid for commissions or brokerage 181385 70 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 101806 27 8 Paid for State national and local taxes in this and other states 12894 44 9 All other payments and expenditures viz Rent 8845 legal expenses 320374 furniture and fixtures 1 8S323 advertising 55940 printing and stationery 1135788 postage 640578 telegrams and telephone 206647 fees of directors 378000 internal revenue 209435 miscellaneous expenses 444304 profit and loss viz accounts payable 147966 total 46119 40 Aggregate amount of actual expenditures during the year in cash 609646 04 Business in the State of Georgia during the Year ending Dec 31 1898 Em plovers Appirlent La liny Agtrrevate Risks written 14528250 00 385000 00 14913250 00 Premiums received gross 15314 36 2003 01 17317 37 Losses paid 10748 75 1666 69 12415 44 Losses incurred 10778 06 1343 23 12121 29 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 12087600 00 Premiums 16082 44 bosses 5882 22 Tax 160 82 COMPTROLLERGENERALS REPORT 421 THE UNITED STATES GUARANTEE COMPANY NEW YORK ICAPITAL 250000 00 250000 00 IIASSETS 1 Market value of real estate owned by the company less 1724 28 2 Loans on bond and mortgage duly recorded and being 100 00 4 Value of lands mortgaged exclusive of buildings and perishable improvements 400 00 6 Total value of said mortgaged prem 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 368800 00 12 Cash in companys principal office 33101 13 Cash belonging to the company deposited in bank Chase National Bank N Y 4544913 Merchants L T Co Chicago 1853021 Tradesmens National Bank 168087 Knick Trust Co 446454 Western National Bank 64333 71236 52 15 Interest due and accrued on stocks not included in 3764 23 17 Cash in hands of agents and in course of transmission 10660 02 Total assets of the company actual cash market i 456 285 05 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses25688 24 4 Total gross amount of claims for losses 25688 24 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 8978351 unearned pre miums fifty per cent 44891 76 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 347450 unearned premiums pro rata 2298 52 11 Total unearned premiums as computed above car riedout 47190 28422 COMPTROLLERGENERALS REPORT 74848 13 250000 00 131436 92 456285 05 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 575 00 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Reinsurance 350 33 commission 104428 1394 6i 20 Total amount of all liabilities except capital stock scrip and net surplus 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR On Fidelity Risks 3 Net collected 8548 48 4 Gross premiums on risks written and re newed during the year 122767 30 5 Total 131315 78 6 Deduct premiums and bills in course of col lection at this date 9173 29 7 Entire premiums collected during the year 122142 49 8 Deduct reinsurance and return premiums 36679 17 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 15 Aggregate amount of income actually received during the year in cash 98323 81 85463 32 25 85 12834 34 VEXPENDITURES DURING THE YEAR On Fidelity Risks 1 Gross amount actually paid for losses in cluding losses occurring in pre vious years 28241 69 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year and all amounts actually received for reinsur ance in other companies total deductions 8434 80 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 8 Paid for State national and local taxes in this and other States 19806 89 15000 00 12422 65 26849 11 1405 80COMPTROLLERGENERALS REPORT 423 9 All other payments and expenditures viz Rent 3 45238 legal expenses 111135 advertising 163289 printing and stationery 251766 office charges 2 17963 postage etc 303205 insurance and travel ing 282023 sundries 20560 total 16951 79 Aggregate amount of actual expenditures during the year in cash 92436 24 Business in the State of Georgia During the Year ending Dec 31 1898 Fidelity Risks Fidelity risks written 31800 00 Premiums received gross 58 25 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 67 Premiums 271 85 Tax 2 71 THE UNION CASUALTY AND SURETY CO ST LOUIS MO I CAPITAL STOCK 1 Amount of capital stock author ized 250000 subscribed for 250000 00 2 Amount of capital paid up in cash 250000 00 Amount of net ledger assets December 31st of previous year 503683 47 Extended at 503683 47 II INCOME DURING YEAR 4s shown by books at Home Office December 31 Accident X P GaSS 1 Gross premi ums unpaid Dec 31 last year paid 114652 10 126087 67 22507 35 11519 27 2 Gross premi ums written and renewed during year 358710 13 509495 78 89910 71 39100 96 Total 473362 23 635583 45 112438 06 50620 23 3 Deduct gross p r e m i u ms no win course of collection 88139 07 126621 41 19427 10 10091 46 4 Entire premi ums collect ed during the year 385223 16 503982 04 93010 96 39628 7742 5 6 8 10 12 1 2 1 COMPTROLLERGENERALS REPORT Deduct reinsurance aba tement rebate and return premiums 96274 12 81580 46 20944 76 5479 48 822546 11 21115 44 2132 50 Net cash actually recd for premms 288949 04 427381 58 72066 20 Interest on loans on mortgages of real estate Interest on bonds and dividends on stocks 34149 299985 82 11129 62 Profit on sale or maturity of ledger assets during the year 845794 05 1349477 52 III DISBURSEMENTS DURING YEAR As shown by books at Home Office December 31 Accident jjgaEE Pte Glass f Gross amount paid for claims exceptg weekGross amount paid for week ly or other pe riodical indem nity 118549 55 272261 42 Total 148560 48 272261 42 28129 42 482 85 Net paid policyholders 449 434 17 5 Commissions or brokerage to agents less re ceived on reinsurance 244043 09 7 Inspections 12528 71 8 Salaries and all other compensation of offi cers 8150 and home office employes 3440879 42558 79 9 Taxes on premiums 1193113 taxes on property 178883 insurance department fees and agents licenses 69675 muni cipal licenses 94649 21629 20 10 Eent 4560 92 11 Legal expenses 3883 91 12 Furniture and fixtures 25325 advertising 228225 printing and stationery 5 181 31 7696 81COMPTROLLER GENERALS REPORT 425 14 All other items viz Adjusting 2052928 general expense 1184298 32372 26 Total miscellaneous expenses 390590 05 Total disbursements 840024 22 Balance 509453 30 IV LEDGER ASSETS Asper ledger accounts shown by the books at Home Office at clote of business Dec 31 2 Mortgage loans on real estate first liens 202335 00 4 Book value of bonds excluding interest 267240 00 5 Cash in companys office 242781 deposited in banks 3745049 39878 30 Total net ledger assets 509453 30 Non Ledger Assets 10 Interest accrued on mortgages 3219 59 11 Interest accrued on bonds and stocks 165 00 Total outstanding interest 3384 59 17 Market value of bonds and stocks over book value not in cluding interest in item 11 10160 00 18 Gross premiums in course of collection viz Not over 3 P Net months due thereon Premiums Accident 88139 07 26441 72 61697 35 Employers liability 126621 41 27856 71 98764 70 Plate glass 1942710 582813 1359897 Steam boiler 10991 46 2308 21 863 25 24 179 04 62434 77 182744 27 Total not over three months due 182744 27 Total admitted assets 705742 16 V NONLEDGER LIABILITIES In process of adjustment Accident Employers liability Plate glass 10506 00 4930 00 1053 21 Resisted by company on its o ah acct Not ouilawd 7550 00 901 29 Estimated ex penses inci dent to set tlenivnt 64300 00 3 Net amount of unpaid claim account 16489 21 8451 29 64300 00 Aggregate of unpaid claims and expenses 4 Gross premiums upon all unexpired risks running one year or less from date of pol icy Accidentpremiums 129761 35 unearned portion 50 per cent 64880 67 89240 50426 COMPTROLLERGENERALS REPORT Employers liabilitypremiums 36594226 unearned portion 50 per cent 182971 13 Plate glasspremiums 7106392 unearned portion 50 per cent 35531 96 Steam boilerpremiums 2451451 un earned portion 50 per cent 12257 26 Total unearned premiums as computed above 29564102 8 Salaries rent expenses taxes bills accounts fees etc due or accrued 540 61 Total amount of all liabilities 385422 13 12 Jointstock capital actually paid up in cash 250000 00 13 Surplus beyond capital and other liabilities 70320 03 320320 03 Total 705742 16 Business in the Slate of Georgia during the year Risks Written Premims Received Losses Paid Losses Incurred Acciden t724800 00 3660 20 2195 20 2195 20 Employers liability 205000 00 1522 85 2234 19 2231 19 Plate Glass 4400 00 180 85 35 00 35 00 Steam boiler 25000 00 95 00 Amount at Risk End of Year 558000 00 175000 00 4400 00 25000 00 Aggregate 959200 00 5458 90 4464 39 4464 39 762400 00 BUSINESS IN GEORGIA FOK YEAR ENDING APRIL 30 1899 Risks Premiums Losses Tax 879060 00 4583 91 2382 65 45 84 THE UNITED STATES FIDELITY AND GUARANTY COMPANY BALTIMORE MD ICAPITAL STOCK 1 Amount of capital stock au thorized 150000000 Subscribed for1000000 00 2 Amount of capital stock paid up in cash 1000000 00 Amount of net ledger assets December 31 of previous year 857920 40 Increase of capital during 1898 194140 CO Deposits Dec 31 1898 29019 99 370 31 Increase of cash collateral depos its Dec 31 1897 28649 68 Extdedat 1052430 71COMPTROLLERGENERALS REPORT 427 IIINCOME DURING YEAR 1 Gross premiums unpaid Dec 31 last year paid 2 Gross premiums written and renewed dur ing year Fidelity and Surety 31120 85 452375 61 Total 3 Deduct gross premiums now in course of 483496 46 collection m676 9Q 4 Entire premium collected during the year 5 Deduct reinsurance abatement rebate and return premiums 6 Net cash actually received for premiums carried out 8 Interest on loans on mortgages of real es tate 9 Interest on collateral loans 10 Interest on bonds and dividends on stocks Total interest 12 Profit on sale or maturity of ledger assets during the year over book value 13 Mercantile and attorneys subscription Paid into surplus fund Total income during the year Sum 371819 58 43849 93 327969 63 327969 63 60 00 8683 52 20404 80 460 75 31117 50 183000 00 HIDISBURSEMENTS DURING YEAR 29148 32 214578 25 571696 20 1624126 91 1 Gross amount paid for claims excepting weekly indemnity Total 3 Deduct reinsurances salvages and recov eries on losses previously paid Net paid policy holders 5 Commissions or brokerage to agents less received on reinsurance 6 Salaries traveling and all expenses of agents and agencies not on commission accounts 8 Salaries and all other compensation of offi cers 1171166 and home office employess 2341899 9 Taxes on premiums 836127 taxes on property 578 88 insurance department fees and agents licenses 1363579 mu nicipal licenses 8998 tax on franchise 10 Rent including 290333 for companys use of own building less 7500 from sublease Fidelity and Surety 31787 13 31787 13 1264 68 30522 45 30522 45 68420 68 69435 39 35130 65 22665 92 2828 33428 COMPTROLLERGENERALS REPORT 11 Legal expenses 1036646 real estate re pairs and expenses other than taxes 10366 46 12 Furniture and fixtures advertising 837547 printing and stationery 1576833 24143 80 13 Losses on ledger assets actually sold or ma tured under book value furniture and fixtures charged off 11 247 73 14 All other items viz postage revenue stamps telegrams 1055654 expressage 215730 2 713 si Mercantile attorneys department 3750038 incidentals development etc 2848028 65980 66 Total miscellaneous expenses 300 933 46 Total disbursements 35345591 Balance hmfinw IVLEDGER ASSETS As per Ledger Accounts Shown by the books at Home office at Close of Business December 31st 1 Value of real estate 69 693 67 2 Mortgage loans on real estate first liens 350000 other than first liens 3500 00 3 Loans secured by pledge of bonds stocks or other collaterals 63300 4 Book value of bonds excluding interest 38370391 and stocks 425036 34 808740 25 5 Cash in companys office 39796 01 depos ited in banks 24233390 282 129 91 Banks and amounts National Exchange 2 05282 Baltimore Trust Guarantee Co 673858 First National 9033205 Far mers Merchants 100000 National Bank of Commerce 3139579 Western National 100000 Commercial Far mers 2500 00 Equitable National 2 56000 Mercantile Trust Depoeit Co 160333 Hambleton Co 2500000 T Scott Son 3100000 Owen Daly 60 2500000 Traders National Bank 1 67611 National Bank of Baltimore 5 00000 Tradesmens National Bank of Philadelphia 200000 Land Title Trust Co of Philadelphia 500000 Western National Bank of N Y 847522 6 Bills receivable furniture and fixtures 100 00 7 All other items viz Advances on real es tate secured by deeds 26 88 02 Mercantile and attorneys subscriptions less commi8sionsJ6iii 225IV 127067100 lotal net ledger assets as per balance 1270671 00COMPTROLLERGENERALS REPORT 429 NONLEDGER ASSETS 10 Interest due and accrued 6500 on mortgages 65 00 11 Interest due 716863 and accrued 2886 13 on bonds and stocks 10054 76 12 Interest due 13000 and accrued 127333 on collateral loans 403 33 Total outstanding interest 10523 09 17 Market value of bonds and stocks over book value not in cluding interest in item 11 40395 08 Not over Three Unpaid Com Net Months Due Thereon Premiums Fidelity and surety 111676 90 19010 37 92666 53 Total net not over three months due 92666 53 Gross assets 1414255 70 Deduct Assets Not Admitted 2 Furniture fixtures and safes 10000 sup plies printed matter and stationery 100 00 Total 100 00 Total admiteed assets 1414155 70 VNONLEDGER LIABILITIES Claims Adjd In Process Known ores Resisted and not paid of adjust timated proofs by Company ment not filed on its own acet not outlawed Fidelity and surety 736 03 3148 16 5065 00 4521 11 Aggregate of unpaid claims and expenses 13470 30 Fidelity and surety premiums 382876 81 Unearned portion 50 per cent 191438 41 Total one year or less 191438 41 Total unearned premiums as computed above car ried out 191438 41 11 All other liabilities viz Cash deposited as collateral for risks 29019 99 Total amount of all liabilities 233928 70 12 Joint stock capital actually paid up in cash 1000000 00 13 Surplus beyond capital and other liabilities 180227 00 1180227 00 Total l4 4155 70 Business in the State of Georgia During the Year Ending December 1 1898 Fidelity surety risks written 184662200 premiums re ceived 704948 losses paid 52450 losses incurred 52450 amount at riskend of year 1495822 00 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1899 Risks 2089170 49 Premiums 7817 68 Tax 78 18TABLE No 1432 COMPTROLLERGENERALS REPORT h Z U h W Q w o z D z H a o a c T3 a o O a a o QO 01 a o 00 M Co s m DO rt a a is a m o a o a a 4 a oS ft a o o oj u a g a N H M5on O Ol i3 TOrf a o r to to do t O in r x i 1 Ol jptOiCONC OH CHOllNp 1 J X T 31 r to tp v ci o c Si 2 a 2 xxoci o ci jZ in i on rr Ji a ff 2 VVw t lTfdidQD NrT Tr f O C X O ji rr v 1 lr1C00IC0TTCltI9Cnt0OCJi001C0 Z 3 5 P S rr1 CO O CM to o n N t it x y Q X H 3D ri rTrTofoO i X 7J w OJ OJ 5 l r I iy o ic t 6 1 Jo f i I lO I lO 11 OCO cd N X r oi rf d ci cT oT S8So5iss33rs3SS5 iS S gSSiS5SS c a to tdcdcfiTx j x ep O D 5 cs aj cici qwowi x o oi i i Cf Iih cTiN Cfr g SiS2R5 iH tCOO tO CO CCXQCJ cdT iTtcTcT id rTrl rT i4li5i3siSS SSi523SS gj g 3 Sffcfi Ofi tfo CO CO O O it cdsfcT ffl jo 01 0 t id oo OJ O w iOXHiOiOHrt x i w x J J ceoowtc SCO D OlI Cl CO IC rH co sS r c cj i i oj ci go o m o co oj tp co io X SgSSSSg2SSSigg8KBSaS nxinccjoid iet iSiisSgS3SiSlS888iSS855Sg H5trarrtr5Q m dddiftHVVdndhdVdd wxroiH rrn rm iOhOkOsoND3s i c x fessgssagoussagssgsgsslplf tx Z a a o o o w s x f5 A o fl O E O OJ u OOP sc1w11Npooocou a a IS g Sri a n 2 3 a Wts M EQ 1 fc 3 sgilsisgSfiggigsa t a o a g 2iS S o a oxi oo 33 o o o o u ots a g a a s 1 JJ So o o a ajo j eg0 o DaCOMPTROLLERGENERALS REPORT 433 o eo 3 So cm OiOlX n oo in c w co to a c f co x h 15 im r ci N r CC 0MDiOClNlCON OlCHNNXiCLI Cl iO CC O T I i C CM Cl H M i 1 Q 5 Ti ri iH ITS r1 HHHIICN CC l 00 00 CJ C cccTm cs o iK PoOCNXtiHlvHKOBMOeONOCnanriOIXIOM KOCiChXf UOiKJXCOCM O CTi CO m CO c i o f ir c i i ji cc I r i i x io a s c r h g x J o cc ti t cc ci cc y i c x t o o to o o i cn o o o o o o cn t c NMXTioiTiaoaiiXTCcowrMT cc i iff cc cc t c ti to er ci x i1 i ti o N n 4U M Iff M X Mfl ootciffisrWHCSimoHcniiicciciCiwKXNMowo Sx2iJiL3cccxHfixfCiostMiOOi Sj Si I i ci CC SlCNOOCCOCOCN XOXXir toao tTcfxj i r c x in t o X x c c o i X iflfdWiffiffifftDrCXCH Tec ooaTiffToi Tcc mV cc cTco x r oi xoNfcio ox x x i cc o o c o i x i sooiHi7iiiOiftOco in xci o iV r xccsb otco CMNootrMBX MrsrHcftivT csTfTofefof hX 3 O CC jr x I l ICO i x ci r t go r c cTo IT 71 J i io io i s 71 O CC iC iXOHOootecx X o x o n r xiiorr iCN CNrt r1 rixicoxoXMrJi rsNftwamwMi hiu j 36 ci i cc c tci xc co w wH0Mt50 aaTtorCN Tcfio iO r f xrwiC x o f co o r oo coTfOroMcriTMifftiiioifCio lifOCNtCr xccxjcSccocNifaJc CC X CI iC co cm c tf rTr cji r y Cl M O O X CC Sciiocic5ibNrxicoiLa M r T CC Ci f tcnowinrxto30i0 oioxnhoncoh Wi p S foo o x cc o LffwT ct x o o o ci oo cJ nTcc ri acto ooc t cc r fo oo it cr r r c rr xJ i r cm z i c i ci ci cc r i i i y iff CHM3llir occiot OS lO i ii i i i iC CC f X iO Tj oSi cc it lt i1Hr lr V Cf Clc4f ofci e3lOlClCH N ri Cl l CN o P S a o mmmS iTcS3S aSS teg s 20 pa5ociSc a O o a o os a O 03 Sgtr2sa8 CojoOOtffl 0JJ2 J to EO 7 cy q g y as o P E B a S4GHPHpHpQtf ajcfi aj ao cfi hps434 COMPTROLLERGENERALS REPORT 6 PQ T3 a o o O OS 03 fH o 43 u S to CD lH G O a p 43 T3 g o 43 S 3 S o a CD o a 03 a 5 a O a x1 s a 3 Jh o u 3 o o o s M ft i S3 w SC 1 CQTtOU fiH rHTf M Tf CO 3 00 CO tT iC GO CO ii t as r o co ift ri i s ccioacco CN as s oo OS UTj f as to so as so co so cc cs tc rH h T i cn OS iC as X IO SO CM O OS I 00 iO sr SO SOlO iH XCi CN CM O OS o cocc aTrsc z I o r HMTviOtHTtl CO CO CO CN CO CO IO CM CO adWo iTtjT cm cocmcncmcmhcocoi mwOicsodci cooimascisoos joooma O lO SO iO iI CM S 2 2 12 S 3 2 S 2 2S w f o w S 5 S fe ql I rem i iCrVas o i SO CO Oj t ci isTco r cT S9eS8SogS8gSti5a35BSSSJaa COC0 2iic0 cocofiCsOiisT rr OS o CO OS ia rr CO f us OS S ff 3 o cs P CO SO S CO 2 S g soroco3gS2SSSSSSfcsariS toco rttN tcTo o O CO SO CO r SC CM ii iO sS5i5sWSSiSss iCU3 jOJffl 1 H m co Tf ii ir f O SO CO ii V 1 CO O SO ii V 50 rao w oTsocico cs OS iO C i z y CCTfHnXM 3 CO SO OS CS OJ r 5 H z J CO S d d r so co Tf M 0 C lC 00 SO U X SO SO HO SO C so o JliC ic so 3 12 3 Is 2 3 P WHh9 ia a q 3 CSS 2 cat Si e qoa o E q iiiiiiiuiiiiiiiisi C cS 4 j m j COMPTROLLERGENERALS REPORT 435 OS co 53 o u o 03 M 05 OO rr iH m 1 a b X 73 3 3 pq B o 1 d fzi Tl Es a o o pq 3U i 1 d H i w TJ 0 n 0 et 1 o P as o a o a CD CD o a a t 03 u i CO H a 03 a C t 03 a OJ 3 o o 0 o W Be 5 a oocorc occur O COO CM 30 O uoimn OsQCOCO oTcm cfco Stpcm Kl OCOCOO t CM t O I CM CO coos ioco CD f CMOS CMiI CO OS CO 01 C7 ig cT CDlftCOCM t O iOIO 1OOO1 5 I o co v 3 lO O X lC Ol m 3 wooe co w c jr2S DTfOJf SXO00OCOOHICl O COuOCMCCODcTtQ ft M O O CJ 3s r L K r iO cc J o oooocori ictoqcocior Tioo goceoCMoprCMcs l o co BrwoXMOW31iCONin CWtiiCMCN CM t OS CM O 1CD 00 CO it co cmcs c 55 tt CM O I O0 CM j cc cm cs os Pi CM 00 rococoes ao u tr ooh 1 CM CM lH Tj 0 i0 I M O iC GO CO 5 CO CM ez i CN Tl iQ O w T ir O rCO no OlQihCTiK l Ol CO CO O U it CM 1r oora ooooiojhopcocoo iC C J iC Ci c lO OS CO i MiflnrC ct i i j o iiijj t c ii l O Qtt CO OS 00tfOT odoT oosocsrcooc sioosoioccotojcoujcMio OS a M H CO oo c O d Sj j i Ji t M o J o M t cd ci o33 a a5s22 s1 j 9 W Pn o W oca 1 ti rt c rf o o c H o o I 1 io2 i OCC o 2 i fl O cd SaSz 30 C o Bff o O 4 ij flO rt no wi Ovt sa 5 s 0 v cSa d gas 3 55 3 2 cSogCn id d eg ti 00 c a a ao pq OS OC o 00 1 a etj CD GO 03 S O a 93 CD a CD a d M B 5 o COMPTROLLERGENERALS REPORT tU5iOtinj3DNLOCCarTC60lOCCCOa0001ClHK5HnNQOC001 M ad H 3HA 5 S1U3SV g H 00 Is O u o Hi V 1W rJJ W TO ioxiix 0OWfflHhrXiMiMOOMHOCClOCJ00Oi0 T W i i T 7 i O O H ii X1 l O 1 iO CO Ol Ol ClftiOLiOMiOXOtiOi HriCO CO CO t i w r ti co cc it co oi Sn corcmr co c5 i i OCOO CM i oooooSe D X 3 to T X O iC O X C t rO O X C c CD tO to 0 ssototetoccffitoeo ooooo S o o i 2 222952oj oo o HOTrOCOMJIUXIMaoCCSOfXJirOMSTIXCCOflfiTI KCTOIOK ci co cm ro oi l ir xco i iiCCuO 8 t i cccr co cm tjh oi llOtOCCOlCNOOCOCOrH CO CO 5 00 M r iO X CS C lO l X CO if COHMhlMXCOCO rf lO dTsOCKrOl COH i4J0 CN rH CN rM ri CO ii cvoiftcoLraxi D W 1 lO j r tp X t x Nh 3J O O CO Mi I X VT Trtii N 33 O 0 0 a c S CO 00H SO CO Tf tD CO C I l IO O CO r J Tf ii CM iO O rH en J i JIJ w rl JU UJ J mjcoocHo3ox ODTNCitjTfOflM I X i 4 5 c iQ N 21 J N it CM CO QT CM CM m r C0iO fir35 oi 0f5i0 o co lMCTlOTfCu5 00 CO sjo5Ni5P3jo m cmcomSccco co ft ic m cm x o oiwioawiOrtsosocScoixi0irQOcoiraTriKScnx ii to CO JO iO O CO t I 1 t d it OC I ar rj i m iri tr ivi iSrlrcioi 00 i 5 2 cnocc o hc5 0xic coij oi ocitt e x i iO t ocbir t3Zjzd5ur iSzCi rThtc oi phvj 3 xxrV iro ariinjrjrfvi trt m 1 7 n i iT T T r o 01 to t OI T ti CO CO ssCOMPTROLLERGENERALS REPORT 43 ci t3i m ic lr o o c ic o 1 in o a ocoo w 1 ZL V iS s i 1 f 1 h i Tl O Vt C X f T O i OCCc05yWNC0 CO CO CO M LCOrOCMOcOaOrl CtMomcNClOiH i o f m i i c i I co o r CO GO CM CO TTINMTtfCOriiCCOt 00000030 COOOwOOOC oecCiDOccoawOoocastcofflOOC cocoeOtccoi NiOihcocmcn GO 5 co so CO HMiCClCI mqSK X o ci icTira h to h coTcfo l qo ic m co co o 1 CC Tl O CO eoioaotcoceusftaocor a c ic iO m t n h w M cc c r c hiNC x i i i 10 hrtIOiOHNMiNWIMH9liQO OS C IOCS X M CO O qi CO oc o oo cc r f ct x rinioiODX cciiowiimhc i o o io i o O CO CO CM iOMN lC0HiOMfHMHW 50CDOOOOC Lt x cn iC O O rt Cl CO F 05 04 tO O iOiOOM COelCO CN ofriN cocodTlOOi CN 00 flrH CO I ft O r4c tf oJVjVT DJCOlflfOO SSg CC CO COOO t OCO CN Ojr CJiH 5 S t 3 S J4 o 5 m5 c q 00 tlj 0 C3 w t3 c 2 5 go al S 3 iJ n o o 2 52 2 OJ3 5 2Ph C J55MJIJ ajoScyjqxi300g0 p s 3 ti p j Pn Ph Ph Ph Ph fc C7P3 crja2oQCjaaiEipKl to ZQ i3 or 438 COMPTROLLERGENERALS REPORT o m o CO a 2 a 03 q H 3 03 Oh a o O m o a o to a CJ a O o CO pq 60 a o n CO M oS H Eg 53 es a s 4 jo ok BIS SSI K 3 3 a S o a sag 3 03 3 3 3fe 3 o 0 o 9 X la COCOidCOCOCOiOcOOlyr30JTtlCOCJXCOCOrCOt 3 lO CN CO O ii O lO rH O O OJ ri CO tfS i l1 rH i1 M coTcDrriOicCTcccoinrHcNieocoooOcOQOs COMMOCIIOliCMOiOff f NflHLsrxxiOO rr CO rcOiOlq I tI CN iJHOJIMhOJOIN OtmNHH co iT win irieT iT iT 000OC OOOOCOOOOOOOOOOOi O O OO OO iMHlCClfflr r cm o ao cj h tji Oj 00 iO t to S3S CCiDtOtOtC1 OOOOOOOOOOOQQOOO OOOOOOOOOOOOOOOOO 00000 CN CJ CO HCOHH ii ii 11 11 HOOCOQOCOi HCOHrlriNViftN 01 ii f co tor rc D OO CO 0 tos DIT MiOC jNiOHWtONNCHii coikoihi TimOONMNi Clcoo1MXlO CMCOoNfOHQOT ioq o o T1 OoOMiQ roco ocei locor t 800N oooo coco Sic eo iOhOOOO o o o HWOl TO 1 CO i r r I jj ijj 2i ItOlO fl W lO i M CM COCO tNCOXfX 1 rrcTcfeioiciwicoo tNiooiox Old riiCM iOrlJCNHOCN CN iDhTlHn CO i iONtHh 3CNOC J W 1 wi l l I 5C1000000I COo t 2 Q 2 5 L r oc iqcMOfNQrcootrHtoaics TNOOinXOSOOliSllQO i ro co m x o icf ic o x oi io us TjiocricooiS C CO XCMHXiflMriCi aTrrcTN co ii cn O o cj fH 1 CD pp a c a o o Oho QJ a 1 o M s32 t o o o o o c W3 o 3q fcl 03 JOSofliQinitiHM to com HCCCO ii SC CO OS hV 10 CM CO OS CO t 110 to HOCCOl co oooo TO uoStNCOCO IO CO M cor w 00 I t CO 00 co cT c ssfe3gs5sggsSgg2e z SgUioBfegoigi3Szoozoa a b g 13 3 s J 1 WfeO J JST3 PJq cm J3 o ggg3 s i51aS3SS5ig 5 ii prSprbCiic3a3rMblSuaieDtJ I i 3 b SS2IllSS 3 S gg1J flllaJS333lsssslsigi 3 SaoCOMPTROLLERGENERALS REPORT 439 as as oo O CO a 60 4 CO p CD p P O 0 O w 0 J p pq s 5 H 3 o CO IBIOJ JO S89j jo lunouiy tquaJrfy O loquins 1 H 0 I 4 oio 11 o 10 I rtHCCO CO iH QOOOOOO OOOOOOOO 2tOCDtD0 g C a O t o a p o o os o ic r 1 cm o iK 0110 i o 1 1 5 O I t e r c t m c c 1 O 1 co tc i crsi i O t c o o X co r o OO O iC iQ C 11 1 OOOO OOOO 2 SS a a n a 2 cs o 30c5 W fcJOO 5 MZ b o be bJO o oo2tfofeoislSooS j a 5 3 iga 1 ci 440 COMPTROLLERGENERALS REPORT OS OS OO o CO Cl a O ci 0 s 03 CD CD J3 03 o H pq O a 03 a o 3 m a 03 CD a 03 CD 3 e CO a W fcJD a o sinewy jo jaqmtifj JgS 30 iimoLuv S c S 3 c 3 a sfe H H 1 y a o o o H E rcictNf tfj ci ri r oo T cr 1 X 1 GO tH COOOCtCClDJ SOiMXDOt006l09tO o o o o a w j a 1 c c o c s cvi o c c tCtiMIMOlM lOioccoar CJ L tJ CN CO 1 ICQ r CI CI iC irc w5 h r 3i cn ox I o cc cc 21 cc jo T I m OS 1 rl cc o ci 1 CC K uQ OS rl H r 1 I ri X CJ M GO To oil tUCCTftO COXTiCCO ri O f iO 00 I i r T r zS ice cc TT rx x cn cc oTcc ccrtcHccoj CC T C TJ CN I t XOl l o o co cc cr cc OOCSONC Cl I O 11 I 00 cc Icoocn Cl CC T 11C Cl CO Tf No oo ci 00 CCiOO C IfC I I cc O C n Oi J 1 S CJ r y J w J oMm H H JH Jh 3 r rc ace as w d a 3Sig cuc orti c o Sag cu 1 CO B IJ3 cfi iC fST3 li5j t c 42 qj rc r r hh j C5 tr tU CO CJ a rr u3D lassos oj co a 5j 03 3 a3 T3 t CO W3 cj S J 03 D D flscnCOMPTROLLERGENERALS REPORT 441 03 03 s a H C3 4 co H M o PQ 03 0 o3 CO O H 5 o g o O a o a 03 3 p c 9 O a 0J a a a o a CO o CO j I 00 OMI 3 X13X O H C CT CN O o o J8U8qo OO o Suij ID C CO m o o o jnaraarejs OO o SuiILI CO m m oo o S38J rrH Xi siuaSy cm i m s smaSy rH CM JO joqnin Q a 5 o if 90 CO O oj a CO o O lO a 00 c5 CM O co rr i 3 a 00 Ol CO uO 55 QC aTo rCN to j X C0 65 CO 01 COCO CO h3 In to rt O O co r l i a M 1 x tc O tr y rao to 5 O CO t m W H H CO M k f t o o r1 O D Z A k O In c o y a M M o o CD o fa X o 3 a P3C M d co D t C X 3 2 O X B ea C 442 COMPTROLLERGENERALS REPORT 6 03 a 03 0Q a a a 03 0 03 oo o J1 o a 3 P CO r kCJ lffl C5 CO C2 co u S c n a 03 C5 03 a o E o O OS CO be oo a ii 5 o ja en H CB 5 h 03 a E o O Mrf 1C o oc 0 I lO r CC cc X Tf oo MWiOCOOCCClr C O 1 CO CM CO iC X CO 1 CD l M OC fioMiOQCOOSOCOSOOCON N C C C X f O C C imoi m CQ CC CDClC IC X i D O 0 O COIlCC t h I CM Tft L0 ii NTnr DDCOm I OMnatW i ii CM i M CM CM CM CC CO ih CO CO OJ CO i i a cm 1 th r co ci lO C X iO N t D Cl N CO OS ih xpx T CO T CC N NXXlP LO I iC iO iC CO CO CM LO i x n i CM r CC CM 1 oi r 1 CM CM C Q OO o o O o o a o o o o o o o o o WXOOOOWWtCOwOCTONWNCONIN sasjl jo b oc Tt CD i OC r CM f CC CC CO co w r cr iO CD L I C cm co r io ci oi CM O t OO 1 limocay HOlQ f O tfO l CN C M X M ij N M iO M C3 ii ii lO i ii tDi ii iC iOn 5fi lO CM GC CO CO CO iC N O J C XXCCC10OH siuaSy 0 CD ii O cdcm CO CM COCI CM CO T i P l Ci CM I rr CO ii rH h cd 00 f CO CO iC i X ra ic i r cc 1 CwCr CO CO CC CC H X Tf tXCCiO CG H t OC cr cc cn t ic co r co IiOCOX CC CD C I it Cm io oc onONXTa CDlO CMCO tCICMCC IC Dl X X CON S8SSOl cf oTiCTt iat of cc co rT crT CO CD GO i tlOHr CM CO iC CM 10 r 1 t Tt xtn OC0 CM Tp XiOr l il Irl y CD 1C IZ CC Mina CM id OC LO 10 CD t X T r ci a CC CM cm a CN H O C CO 1 Cf rH Ol t1 X CC MOO IO i c CC 1 f 01 O X CM Ol CD t f r t X O 1 11 CO rf r 2i C0 CM CD iO 1 N a CM N CO X r ST3miU19JJ Tof dcd CO CO Or X 1 F coccTire10 rT no i x cc C lO iC COCCCMr IO tH iV t1 COOOr CM 1t 1 CCCM t rHrT CN iT CN iT rTci flfr lOOOi CO c 03 to cm to y iC 0 c X CM CM CM iO CO X N 00 CC 1 iC CC lO 3 tf X to 00 iO XCOlON C o t lO cc 0 CO 00 r c1rl re 10 1 painsuT 00 co o cricz cTtCTQ co X CM f x t TtT tinomv ic as ig f X lO t 1 t 1 CO Oi r CC iC tO COCDCC CO t CC 1 r x co x io com CO hToHO CM Tf t Cm OS asoi in CM CC M 1 NHf 1 iC ti C N H i N CM h T r4 O X CO M CC X Ol 3iON lO iC CM a ii CM iO CM CO O CM CM CM 3 a a E C s S 3 03 1 02 a CD C tt cr c a a 0 a s o 4 c C3 companie arine and oing speci s a w S 5 c CC H 0 T a a w 1 c s o 1 c c 03 03 SJ 5 5 c 5 J w 1 r SS5 E c d3 c C ffl c aPaaI Ph A Ph a t Ph a C 53 o 0 t a 3 i a ea c P cj q G P o3 c 0 O t a C qj O O oi oo Jx s o 03 c e 5 c c S c n t c Q S J 2 o o o feJQ PfcJO t3feH00 i3 O EX r3 O 0 oo a a a Ci C I CM CO CO CO CO ooxct OS C cn cn cci oc 00 00 QC jr a oc 9C X 3C X X X X 0 JC r f X K oh COMPTROLLERGENERALS REPORT 443 HOriCOiOm C CD CD CD CM COO CO 3 OOWN O 3J 00 CO LO CO CD CM t iQ lO M XCDIOCO X iO CO CM CM CM CM M CM CM CM CO CO M CM y N N 1 N N 5 O iO I CO ri id i OC b OrC iO CO M O N X t c co io x co rH CO rC 00 OC 1 NW l COtCO i CO f il OrT iTrCThN tH CM CM M CM CM CO CM CM CM CM OOOOOOOGOOOOOOOOOOQOOOOOOOQCO CD T S CD I1 O U TT 71 JJUN UUJ W V Wi jni un i JJ w wu rOOiOCCDOCDXCXOHNCitNfWXQCD5 0GC SlHOJCOO NO 00 lO O CO T CC CO CMH COJM C CO 5 iTtT lOCfrTir COrrHt4 NfMH tHHH H CO CM CO CO CM rT c CD TP c CO lo r c 3 rp rI 1l 50NC005CiNOCaCDiOCOObONN IOOiOIMhTHNHC CO lO LO PCMit CM TH CM rH miMH CDilnri CM iH iO CO CO P iO O00 r aci cm co i CD CO Tp O O CO CD CD 3 CO CO LO 1QC0N cp jVTcm I CD CD CD i t ii t O CO o CH 0CoO CD 31 CO CM CD trM rI CD l CO LO ioq Tjioooof I i CM O CM CO tP CO CD r1 CD CD IO CO CM t O CM O r rH Tp CM CM b uo io ri t co t I H Ct C H lO it LO c CD t CD CO CD T CM CM rH UO CD NOMH CO cc O tTioTof r CO P i1 M CO lO CM CM CD h h racco CQCfToi CO CO CO CD O CM CO O t CO 00 CO coO CD CD t Ci Oj CO CM CM i IT CM O f CO O C CO iO CO Ci I ocoi t co r co i ih CM CM CM io CO iO CO c O CD I lO X CD C CMCO l 55 tT cd o cd cc t CO CM lO CD CM O CO CD CM 01 CD CD iO iO t CD CD CO CO c rf CD P CO lO CO N iO CM COiH CO t iO K0 t CO CM JO iotT r X CM 00 il CD LO CD O tH p H ri CO f oToTccTocr H00 iO 2 C rJ O 03 r Srj bo g C C ft O 2 c a c O Sl fe tn2 5 b c ftS C3 O c c c ft v 2 p J Tfl fH cb c cs 05 CO CO CO GO 03 B 0 0 j 25 cd co g 2 5 iti i a c c c ccc8 t I fl iJ 1H cScsSilicdccSfZ2cScac6 ft ft5 ft ft 3 c as 3 ft CD CD fa 11 iO iC CD CO CO 03 C H CO ftS iO O o o iO lO CO CO ci r C G C poo CD Sh CD O OS Oi CO X CD o 3J CD CD O O O T o ft s O o CD C CD as CClrQ 2d M c c n S o 3 g C Bj C g a CD t h CD co co co a co co l t t CO CO CO CO CO X CO CO CO 00 oo x CO X CO CO 00 XUsTIDIEZX A MTNA INSURANCE COMPANY HARTFORD CONN Statement of for 1899 2023 ETNA LIFE INSURANCE COMPANY HART FORD CONN Statement of for 1899169174361364 AGRICULTURAL FIRE INSURANCE COMPANY OF WATERTOWN N Y Statement of for 1899 1517 AMERICAN BONDING AND TRUST COMPANY BALTIMORE MD Statement of for 1899368369 AMERICAN CREDIT INDEMNITY COMPANY NEW YORK N Y Statement of for 1899370372 AMERICAN FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1899 1720 AMERICAN SURETY COMPANY NEW YORK N Y Statement of for 1899365367 AMERICAN UNION LIFE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1899166169 ATLANTA HOME FIRE INSURANCE COMPANY ATLANTA GA Statement of for 1S99 2426 ATLANTA MUTUAL LIFE INSURANCE COM PANY OF ATLANTA GA Statement of for 1899332334446 COMPTROLLERGENERALS REPORT B BANKERS GUARANTEE FUND LIFE ASSOCIA TION ATLANTA GA Statement of for 1899334336 BACKERS MUTUAL CASUALTY COMPANY DES MOINES IOWA Statement of for 1899372374 BRITISH AMERICAN ASSURANCE COMPANY OF TORONTO CANADA Statement of for 1899 2628 C CALEDONIAN FIRE INSURANCE COMPANY OF EDINBURGH SCOTLAND UNITED STATES BRANCH Statement of for 1899 2930 CHICAGO GUARANTY FUND LIFE SOCIETY CHICAGO ILL Statement of for 1899337339 CITY TRUST SAFE DEPOSIT AXD SAFETY COM PANY OF PHILADELPHIA PA Statement of for 1899374375 COMMERCIAL UNION ASSURANCE COMPANY LIMITED OF LONDON ENG LA X I Statement of for 1899 3133 CONNECTICUT FIRE INSURANCE COMPANY HARTFORD CONN Statement of for 1899 3639 CONNECTICUT MUTUAL LIFE I XSIKANCE COM PANY OF HARTFORD CONN Statement of for 1899175i 79 CONTINENTAL NSURANCE COMPANY OF NEW YORK N Y Statement of for 1899 3336 D DELAWARE INSURANCE COMPANY OF PHILA DELPHIA PA Statement of for 1899 39421COMPTROLLERGENERALS REPORT 447 E EMPLOYEES LIABILITY ASSURANCE COM PANY LIMITED ENGLANDUNITED STATES BRANCH Statement of for 1899378380 EQUITY LIFE ASSOCIATION STAUNTON VA Statement of for 1899310342 EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES OF NEW YORK N Y Statement of for 1899180184 F FIDELITY AND CASUALTY INSURANCE COM PANY OF NEW YORK N Y Statement of for 1899380382 FIDELITY AND DEPOSIT SURETY COMPANY OF BALTIMORE MD Statement of for 1899383385 FIDELITY MUTUAL LIFE ASSOCIATION PHILA DELPHIA PA Statement of for 1899184188 FIRE ASSOCIATION OF PHILADELPHIA PA Statement of for 1899 4244 FIREMANS FUND FIRE INSURANCE COMPANY OF SAN FRANCISCO CAL Statement of for 1899 4447 G GEORGIA HOME FIRE INSURANCE COMPANY OF COLUMBUS GA Statement of for 1899 4850 GEORGIA SICK AND ACCIDENTAL BENEFIT AS SOCIATION ATLANTA GA Statement of for 1899343345 GERMAN AMERICAN FIRE INSURANCE COM PANY OF NEW YORK N Y Statement of for 1899 5052448 COMPTROLLERGENERALS REPORT GERMANIA TIRE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1899 5355 GERMANIA LIFE INSURANCE COMPANY NEW YORK N Y Statement of for 1899188192 GENERAL ACCIDENT ASSURANCE CORPORA TION LIMITED PERTH SCOTLAND Statement of for 1899 385 GLENS FALLS FIRE INSURANCE COMPANY OF GLENS FALLS NEW YORK Statement of for 1899 5558 GREENWICH FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1899 5861 GUARANTEE COMPANY OF NORTH AMERICA FIRE INSURANCE COMPANY OF MON TREAL CANADA Statement of for 1899386388 II HAMBURGBREMEN FIRE INSURANCE COM PANY OF HAMBURG GERMANY Statement of for 1899 6163 HANOVER FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1899 6365 HARTFORD FIRE INSURANCE COMPANY HART FORD CONN Statement of for 1899 6668 HARTFORD LIFE INSURANCE COMPANY HART FORD CONN Statement of for 189919219 HARTFORD STEAM BOILER INSPECTION AND INSURANCE COMPANY OF HARTFORD CONN Statement of for 1899388391 HOME INSURANCE COMPANY OF NEW YORK N Y Statement of for 1899 6871COMPTROLLERGENERALS REPORT 449 205 HOME FRIENDLY SOCIETY BALTIMORE MD Statement of for 1899345348 HOME LIFE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1899195199 I ILLINOIS LIFE INSURANCE COMPANY CHICA GO ILL Statement of for 1899 IMPERIAL INSURANCE COMPANY LIMITED OF LONDON ENGLAND Statement of for 1899 l3 INDUSTRIAL AID ASSOCIATION ATLANTA GA Statement of for 1899348350 INSURANCE COMPANY OF NORTH AMERICA OF PHILADELPHIA PA Statement of for 1899 7477 IOWA LIFE INSURANCE COMPANY SIOUX CITY IOWA Statement of for 1899200205 INSURANCE Names and postoffices of Fire Insurance Companies authorized to transact business 1899 432433 Names and postoffices of Life Insurance Companies authorized to transact business 1899 434 Names and postoffices of Accident Marine and Surety Companies authorized to transact business 1899 435 Fire Businesss436437 Old LineBusiness Assessment Life and AccidentBusiness Accident Surety and MarineBusiness Fire doing brokers businessGeneral Condition Comparative business of insurance companies from 1889 to 1899442443 440 441450 COMPTROLLERGENERALS REPORT L LANCASHIRE EIRE INSURANCE COMPANY OF MANCHESTER ENGLAND Statement of for 1899 7779 LION FIRE INSURANCE COMPANY OE LONDON ENGLAND Statement of for 1899 798 LLOYDS PLATE GLASS INSUEANCE COMPANY OF NEW YOKE N Y Statement of for 1899391393 LIYEEPOOL AND LONDON AND GLOBE FIRE IN SUEANCE COMPANY OF LIYEEPOOL ENGLAND Statement of for 1899 8284 LIYEEPOOL AND LONDON AND GLOBE FIEE INSUEANCE COMPANY OF NEW YOEK N Y Statement of for 1899 8586 LONDON ASSUEANCE COEPOEATION OF LON DON ENGLAND Statement of for 1899 8789 LONDON AND LANCASHIEE FIEE INSUEANCE COMPANY OF LIYEEPOOL ENGLAND Statement of for 1899 8991 LONDON GUAEANTEE AND ACCIDENT COM PANY LONDON ENGUNITED STATES BRANCH Statement of for 1899394397 M MAGDEBUEG FIEE INSUEANCE COMPANY OF MAGDEBUEG GERMANY Statement of for 1899 9293 MANCHESTER FIKE ASSUEANCE COMPANY OF AIAXOIIESTEE ENGLAND Statement of for 1899 9496 MANHATTAN LIFE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1899206211COMPTROLLERGEXERALS REPORT 451 MANHATTAN FIRE INSURANCE COMPANY OF THE CITY OF NEW YORK N Y Statement of for 1899 9698 MARYLAND CASUALTY COMPANY BALTI MORE MlX Statenient of for 1899397399 MARYLAND LIFE INSURANCE COMPANY BAL TIMORE MIX Statement of for 1899211217 MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY SPRINGFIELD MASS Statement of for 1899218223 METROPOLITAN PLATE CLASS INSURANCE COMPANY OF NEW YORK N Y Statement of for 1899399401 METROPOLITAN LIFE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1899223228 MICHIGAN MUTUAL LIFE INSURANCE COM PANY OF DETROIT MICHIGAN Statement of for 1899228233 MILWAUKEE MECHANICS FIRE INSURANCE COMPANY MILWAUKEE WISCONSIN Statement of for 1899 99101 MUTUAL BENEFIT LIFE INSURANCE COM PANY NEWARK N J Statement of for 1899233238 MUTUAL LIFE INSURANCE COMPANY OF LOUISVILLE KY Statement of for 1899244249 MUTUAL LIFE INSUTLYNCE COMPANY OF NEW YORK N Y Statement of for 1899239244 MUTUAL RESERVE FUND LIFE ASSOCIATION NEW YORK N Y Statement of for 1899351354452 COMPTROLLERGENERALS REPORT N NATIONAL FIRE INSURANCE COMPANY OF HARTFORD CONN Statement of for 1899101103 NATIONAL SURETY COMPANY OF NEW YORK N Y Statement of for 1899402405 NEW AMESTEEDAM CASUALTY COMPANY OF NEW YOEE N Y Statement of for 1899405408 NEW ENGLAND MUTUAL LIFE INSURANCE COMPANY BOSTON MASS Statement of for 1899249253 NEW YORK CASUALTY COMPANY NEW YORE N Y Statement of for 1899253258 NIAGARA FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1899104106 NORTH BRITISH AND MERCANTILE INSUR ANCE COMPANY OF LONDON AND EDIN BURGH GREAT BRITAIN Statement of for 1899109110 NORTHERN ASSURANCE COMPANY OF LON DON ENGLANDU S BRANCH Statement of for 1899n1H4 NORTHWESTERN LIFE INSURANCE COMPANY CHICAGO ILL Statement of for 1899354358 NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY MILWAUKEE WISCONSIN Statement of for 1899258263 NORWICH UNION FTRE INSURANCE COMPANY OF NORWICH ENGLAND Statement of for 1S99106108 O ORIENT FIRE INSURA X IE OM PAX Y OF HART FORD CONN Statement of for 1899114116COMPTROLLEUUEXERALS RKPORT 453 P PACIFIC PIPE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1899117119 PACIFIC MUTUAL LIFE INSURANCE COMPANY SAN FRANCISCO CAR Statement of for 1899263269 PALATINE INSURANCE COMPANY LIMITED OF MANCHESTER ENGLAND Statement of for 1899119121 PENN MUTUAL LIFE INSURANCE COMPANY PHILADELPHIA PA Statement of for 1899269273 PENNSYLVANIA FIRE INSURANCE COMPANY OF PHILADELPHIA PA Statement of for 1899122124 PHOENIX FIRE INSURANCE COMPANY OF BROOKLYN N Y Statement of for 1899126129 PHOENIX FIRE INSURANCE COMPANY OF HARTFORD CONN Statement of for 1899129131 PHOENIX MUTUAL LIFE INSURANCE COM PANY OF HARTFORD CONN Statement of for 1899274280 PREFERRED ACCIDENT INSURANCE COMPANY NEW YORK N Y Statement of for 1899408410 PROVIDENT SAVINGS LIFE ASSURANCE SO CIETY OF NEW YORK N Y Statement of for 1899280286 PRUDENTIAL INSURANCE COMPANY OF AMERICA NEWARK N J Statement of for 1899 286291 Q QUEEN FIRE INSURANCE COMPANY OF AMERICA NEW YORK N Y Statement of for 1899131ld4454 COMPTROLLERGENERALS REPORT R BOCHESTEK GERMAN FIRE INSURANCE COM PANY OF ROCHESTER N Y Statement of for 1899 13413G EOYAL EIEE INSURANCE COMPANY OF LIVER POOL ENGLANDU S BRANCH Statement of for 1899136139 EOYAL UNION MUTUAL LIFE INSURANCE COM CANY DES MOINES IOWA Statement of for 1899 291296 S SCOTTISH UNION AND NATIONAL FIEE INSUE ANCE COMPANY OF EDINBURGH SCOT LAND Statement of for 1899139141 SECUEITY MUTUAL LIFE ASSOCIATION BING HAMPTON N Y Statement of for 1899 301305 SECUEITY TEUST AND LIFE INSUEANCE COM PANY OF PHILADELPHIA PA Statement of for 1899 297301 SOUTHEEN MUTUAL FIRE INSUEANCE COM PANT OF ATHENS GA Statement of for 1899142143 SPEINGFIELD FIEE AND MARINE INSUEANCE COMPANY OF SPEINGFIELD MASS Statement of for 1899143145 STANDARD LIFE AND ACCIDENT INSURANCE COMPANY OF DETEOIT MICHIGAN Statement of for 1899410413 STATE LIFE INSURANCE COMPANY INDIAN APOLIS IND Statement of for 1899 399 37 STATE MUTUAL LIFE AND ANNUITY ASSOCIA TION ROME GA Statement of for 1899358359 ST PAUL KIRK AND MARINE INSURANCE COM PANY OF ST PAUL MINN Statement of for 1899146148COMPTROLLERGENERALS REPORT 455 SUN INSUEANCE OFFICE INSURANCE COM PANY OF LONDON EXGU S BRANCH Statement of for 1899149151 SUN LNSUARNCE COMPANY OF NEW ORLEANS LA Statement of for 1809 151154 SUN LIFE ASSURANCE COMPANY OF MONTRE AL CANADA Statement of for 1899305309 THE UNITED STATES LIFE INSURANCE COM PANY OF NEW YORK N Y Statement of for 1899317322 THE UNITED STATES CASUALTY INSURANCE COMPANY OF NEW YORK N Y Statement of for 1899418420 THE UNITED STATES FIDELITY AND GUAR ANTY COMPANY BALTIMORE MD Statement of for 1899426428 THE UNITED STATES GUARANTEE COMPANY NEW YORK N Y Statement of for 1899421423 THAMES AND MERSEY MARINE INSURANCE COMPANY LIMITED OF LIVERPOOL EN IA NIU S BRA N I I Statement of for 1899413415 TRA DEBS FI RE I NSC RANGE OM PANY OF CHI CAGO ILL Statement of for 1899154156 TBAVELEES NSUBANCE COMPANY HART FORD CONN Statement of for 1899415417 U U S BENEFICIAL ASSOCIATION OF ATLANTA GA Statement of for L899 35 UNION ASSURANCE SOCIETY OF LONDON ENG LAND Statement of for 1899156158456 COMPTROLLERGENERALS REPORT UNION CENTRAL LIFE INSURANCE COMPANY CINCINNATI O Statement of for 1899322327 UNION CASUALTY AND SURETY COMPANY ST LOUIS MO Statement of for 1899 423426 W WASHINGTON LIEE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1899327331 WESTERN ASSURANCE COMPANY OF TORONTO CANADA Statement of for 1899158100 WESTERN MUTUAL LIFE ASSOCIATION CHI CAGO ILL Statement of for 1899359361 WESTCHESTER FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1899160163 WILLIAMSBURGH CITY FIRE INSURANCE COM PANY OF BROOKLYN N Y Statement of for 1899163165 t 1 REPORT OF THE Insurance Department OF THE ComptrollerGenerals Office FOR THE Year Ending October i 1898 REPORT Comptroller Generals Office Insurance Department j Atlanta Oct 1st 1898 To His Excellency W Y Atkinson Governor Sir In compliance with law I have the honor to submit my eleventh annual report as Insurance Commissioner The volume of business of the various classes of insurance com panies in this State shows a large increase each year since the creation of the office of Insurance Commissioner It will be ob served from the statistics of the business of old line or legal reserve life companies that their profits oa Georgia business have been quite large but while this is true of life companies the business of fire companies has not been so uniformly so on account of the heavy loss ratios which seem to have prevailed so generally during the period referred to The margin of profits on the Georgia bus iness of Cooperative or Assessment Life Insurance Companies is shown to be quite small which must be accounted for in two ways one is that their rates are too low and their medical examinations are not sufficiently rigid I desire to again renew my suggestion made in my last report that all companies doing a life insurance business on the assessment plan be required to make a reasonable deposit with our State Treasurer for the protection of their policy holders On account of the very low rales at which many of these com panies write insurance our people are availing themselves of such insurance and they should be protected as far as possible by some deposit in the State I have had many complaints made that claims are not paid promptly by these companies but under the law I am given no authority over such cases until judgment of a legal valid claim is refused and then the only remedy is to re voke the license of the company I would also recommend that all secret fraternal life insurance associations doing business in this State be required to file in this office annually sworn detailed statements of their condition the same2 COMPTROLLERGENERALS REPORT as is required of insurance companies but exempting them from the payment of any licenses or taxes of any kind This class of insur ance too has grown to great proportions in Georgia and many of our people seek information from this office as to their condition and standing which I am unable to furnish Respectfully Wm A Wright Insurance Commissioner COMPTROLLERGENERALS REPORT The following Fire Life and other Insurance Companies hav ing complied with the law are authorized to transact business in the State for the year 1898 FIRE INSURANCE COMPANIES Agricultural Fire Watertown New York American Fire New York jEtna Fire Hartford Conn Atlanta Home Atlanta Ga British America 18 Front Street Toronto Canada Caledonian Fire 27 Pine Street New York Commercial Union 58 William Street New York Continental 46 Cedar Street New York Connecticut Fire Hartford Conn Delaware Fire Philadelphia Pa Fire Association of Philadelphia 34 Fifth Street Philadelphia Pa Firemans Fund San Francisco Cal Georgia Home Columbus Ga GermanAmerican 115 Broadway New York Germania Fire 177 Broadway New York Glens Falls Fire 149 Glen Street Glens Falls New York Greenwich Fire 161 Broadway New York HamburgBremen U S B 62 Cedar Street New York Hanover Fire 40 Nassau Street New York Hartford Fire 53 Trumbull Street Hartford Conn Home 119 Broadway New York Imperial Fire 31 Pine Street New York Insurance Company of North America 232 Walnut Street Philadelphia Pa Lancashire U S B 40 and 42 Pine Street New York Lion Fire U S B 223 Asylum Street Hartford Conn Liverpool London and Globe U 8 B 45 William Street New York London Assurance U S B 88 Wall Street New York Liverpool London and Globe New York London and Lancashire U S B 46 Pine Street New York Magdeburg Fire Germany Manhattan Fire New York Manchester Fire 171 La Salle Street Chicago National Fire Hartford Conn Niagara New York Norwich Union 67 Wall Street New York North British and Mercantile U S B 54 William Street New York Northern Assurance 25 Pine Street New York Orient Insurance Company Hartford Conn Pacific Fire of New York Palatine U S B 21 Nassau Street New York Pennsylvania Fire 510 Walnut Street Philadelphia Pa Phcenix Assurance of England U S B 67 Wall Street New York Phcenix of New York 16 Court Street Brooklyn New York Phoenix of Connecticut 64 Pearl Street Hartford Conn Queen of America 49 Cedar Street New York Rochester German Rochester N Y Royal Liverpool England Southern Fire Atlanta Scottish Union and National U 8 B 222 Asylum Street Hartford Conn Southern Mutual Athens Ga Springfield Fire and Marine Hampden Mass St Paul Fire and Marine St Paul Minn Sun Fire of England 15 Washington Street Watertown New York Sun Mutual New Orleans La Union Assurance Society London Western Assurance 22 Wellington Street Toronto Canada Westchester Fire 27 and 29 Pine Street New York Williamsburg City Fire 13 Broadwav Brooklyn New York4 COMPTROLLERGENERALS REPORT LIST OF COMPANIES DOING A FIRE BUSINESS THROUGH BROK ERS AND WHO MAKE NO DEPOSIT IN THE STATE Globe Fire New York Manufacturers Lloyds New York Merchants Lloyds New York LIFE INSURANCE COMPANIES American Union Life New York Etna Life Hartford Conn Connecticut Mutual Life Hartford Conn Equitable Life 120 Broadway New York Gerrnania Life 20 Nassau Street New York Home Life 38 Court Street Brooklyn New York Iowa Life Chicago III Manhattan Life of New York Maryland Life 10 South Street Baltimore Md Massachusetts Mutual Life 413 Main Street Springfield Metropolitan Life 36 Park Place New York Michigan Mutual Life Detroit Mich Mutual Benefit Life 752 Broad Street Newark N J Mutual Life of New York 32 Nassau Street New York Mutual Life of Kentucky corner Fifth and Market Streets Louisville Ky New England Mutual Life Boston New York Life 346 and 348 Broadway New York Northwestern Mutual Life corner Broadway and Milwaukee Streets Mil waukee Wis Pacific Mutual Life San Francisco Cal Prudential Life Newark N J Penn Mutual Life 921 Chestnut Street Philadelphia Pa Phoenix Mutual Life Hartford Conn Provident Savings Life 55 Liberty Street New York Royal Union Mutual Des Moines Iowa Security Trust Philadelphia Pa Travelers Life 56 Prospect Street Hartford Conn United States Life 161 Broadway New York Union Central Life 243 West Fourth Street Cincinnati Ohio Washington Life 21 Courtland Street New York ASSESSMENT LIFE AND ACCIDENT INSURANCE COMPANIES American Mutual Indemnity Scranton Pa Atlanta Mutual Life Atlanta Ga Bankers Guarantee Fund Atlanta Ga Bankers Life New York Boston Mutual Life Association Boston Mass Chicago Guarantee Fund Opera House Block Chicago 111 Connecticut Indemnity Waterbury Conn Equity Life Association Staunton Va Fidelity Mutual Life 914 Walnut Street Philadelphia Pa Georgia Sick and Accident Benefit Atlanta Ga Guarantee Safety Fund Macon Ga Hartford Life Insurance Co Hartford Conn Home Friendly Society 100 West Fayette Street Baltimore Md Illinois Life Association Chicago 111 Industrial Aid Association Atlanta Ga Mutual Reserve Fund Life Potter Building New York National Life Association Hartford Conn National Mutual Life Minneapolis Minn New England Mutual Accident 85 Water Street Boston Mass Northwestern Life Assurance Co Home Insurance Building Chicago Security Mutual Life Association Binghamton New York State Life Indianapolis Ind Traders and Travelers Accident New York Western Mutual Life Association ChicagoCOMPTROLLERGENERALS REPORT 5 OTHER THAN LIFE OR FIRE American Surety New York American Bonding and Trust Company Baltimore Md American Credit Indemnity New York Bankers Mutual Casualty Des Moines Iowa British and Foreign Marine 65 Wall Street New Tork City Trust Safe and Deposit Philadelphia Pa Employers Liability Insurance Association 84 and 85 King William Street London England and 71 Kilby Street Boston Mass Fidelity and Casualty 214 Broadway New York Fidelity and Deposit Company Baltimore Md General Marine Dresden Germany Guarantee of N A 157 St James Street Montreal Canada Hartford Steam Boiler 218 Main Street Hartford Conn Lloyds Plate Glass 68 William Street New York London Guarantee and Accident 139 La Salle Street Chicago 171 Maryland Casualty Company Baltimore Md Metropolitan Plate Glass Company 166 Liberty Street New York National Surety Company Kansas City Mo Preferred Accident 203 Broadway New York Standard Life and Accident Detroit Mich Thames and Mersey Marine 69 Wall Street New York United States Casualty Company 38 Nassau Street New York United States Guarantee Oompanv 111 Broadway New York Union Casualty and Surety 7th and Chestnut Streets St Louis Mo United States Fidelity and Guaranty Baltimore Md COMPANIES DOING BUSINESS IN 1897 THAT HAVE WITHDRAWN Fire Athens Mutual Fire Equitable Fire Georgia Empire Mutual Fire Georgia Mutual Fire Gainesville Girard Fire Grange Mutual Fire Mechanics Mutual Atlanta Mutual Fire New York Mutual Fire of Atlanta Underwriters Mutual Fire Assessment Atlanta Accident Bankers and Merchants Life Chicago Bankers Alliance Los Angeles Bay State Beneficiary Westfleld Mass Covenant Mutual Galesburg 111 Massachusetts Benefit Association Boston Merchants Life Association St Louis National Accident Society New York Other Than Life or Fire Guarantors Philadelphia Guarantors Finance InterStite Casualty Mercantile Credit Guarantee Ocean Accident Old Line Life Covenant Mutual Life St Louis Kansas Mutual Life Topeka Life Insurance Clearing St Paul Nederland Life AmsterdamCOMPTROLLERGENERALS REPORT LIST OF Insurance Agents WHO HAVE PAID THE OCCUPATION TAX FOR THE YEAR i8g8 From January 1st to October 1st of said Year Anderson J T Benedict J A Oamak J W Co Griffith W D Harris B Y Allen J V H Co Barrett W H Burke J A Bush J A Carswell M A Cohen J J Co Costello E J Anderson A B Andrews G W Ansley Bros Barker Holleman Bickert C A Blount M N Co Black W H Bowen Carter Tram mell Bran Z H Brown N B Brown Hoyt Burbank L I Burney J A Camp W A Carr Miss A C Crandall G L Deane W D Pox Amos Field Stearns Gay E S Abbeville Wilcox Co Mashburn H Acworth Cobb Co Lemon McMillen Co Athens Clarke Co Hodgson Geo T Co Lipscomb P A Jankower M Mallory W A Johnson L M Newton Bry Lattimer R C Sibley Geo F Augusta Richmond Co Crane W H Davidson Mathewson Dunbar Williams Heard I T Henry L McMillen W W Mulherin Armstrong Atlanta Fulton Co Gay A 0 M Grasty W C Hall J T Jr Hatcher Dunlap Harris C R Co Harralson M Haskell W W Hoyt Whitney Jones J A Jones Crim Johnson J M KendrickStokes Boyd King 0 H Lashe P P Lathrop E S Lathrop E S Lowe Mathews 0 S Co Manry W F Co McKee H L North H M North J A Co Phinizy F Co Sibley G T Symmes Geo A A Sons Walker J W Wicker Davis McCulloch J E Mclntyre Co Bro kers Obear G S Pattillo W P Patt illo W F Peters Thos Riley J L Co Reynolds H T Rosenfeld S A Rood R V Russell J S Skinner Akers Thornton J R Thorn C C Troupe C P Whitner Cole Willcox C II Waldo A L Wood EComfort D Gilbert W H Argo I L Ansley J A Brown J E Cobb W A Council J M Bethea J B Graves J R COMPTROLLERGENERALS REPORT Albany Dougherty Co Greenfield A D Weston B L Warren R H Americus Sumter Co Council C M Greenberry J J Co Davenport W T Son Wheatley J W Co Furlow Jones Warren L Guerry E S White R L Bainbridge Decatur Co Harrold J D Son Perry E J Elder E Murphey E S Abrams J B Burroughs W B Crawford C D Hair WM Bush M E Turner J C Mullins L Barnesville Pike Co Murphey T E Blackshcar Pierce Co Brantley B D Jr Blakely Early Co James D W Brunswick Glynn Co Crovatt Whitfield Harvey H H Co Boston Thomas Co Sanders W D Buena Vista Marion Co McCall C H Roberts J W Buford Gwinnett Co Pattillo L P Butler Taylor Co Hinton R A Cairo Thomas Co Wright K P Calhoun Gordon Co Starr O N Camilla Mitchell Co Twitty Mrs W W Canton Cherokee Co Perry B F Murphey 0 A Symons W F Way W J Stearns H Wynns S J Twitty W CCOMPTROLLERGENERALS REPORT Banning F Broadnax E B Brown J B E Aubrey G H Jones T R Adamson J W Ledbetter L S Bean Thos S Blackmar J Brown J K Brannon Blackmar Crawford Moses Chappell L H Edge C J Eakes W J Griffin T J Guinn J I Hood A Dimmock A E Bell A Iloyl Horsley J A Finn J M Burch it Herman Burch M I Allen J 0 Carrollton Carroll Co Candler W B Grow S E Garrett J H Cartersville Barlow Co Milner Milner Cedarlown Polk Co Sanders Davis Haas D Hill A W Norris J T Stubb J S Clarksville Habersham Co Oapps T A Erwin Geo P Columbus Muscogee Co Goetchius Chappell Harris B H Hill J D Joseph D Co Kimbell J B Lott W L Mclntosh J E Owsley Huff Seals T A Torrance B W AVoolfolk 0 M Willcox D F Son Coniers Rochdale Co Tilley J P Cordele Dooly Co Austin J B Covington Newton Co Griffin J J Lawsho P P Cochran PuJaski Co Thompson M Cuthbert Randolph Co McDonald G Ballon Whirfield Co Pruden W H Darien Mclntosh Co Kenan S Dawson Terrell Co Lowry M M Co Bearing HcDvffie Co Catswell M A Douglasville Douglas Co Ward Edwards Dublin Laurens Co Overby T II Co Eastman Dodg Co Cotter Caldwell Lester J G Shepherd T J Parks J G Co Eoberson F H Murrell C B Eatonton Putnam o Little W C Weaver J 1 a CoCOMPTROLLERGENERALS REPORT Hawes S 0 Amos 0 H McCallister BC Brown Cobb Candler T C Dozier 0 A Dunlap S C Jr Norton 00 Banks N O Oallahan O F Bailey D J Douglas Boyd Drake R H Co Gray Y S B Anderson J L Bozeman F H Hood 0 J Alford Thornton Brazell J W Ellaville Schley Co Hudson J M Oo ElbertonElbert Co Heard L M Thrower H Fitzgerald Irwin Co Harris Cherry Forsyth Monroe Co Cates Fletcher Fort Gaines Chuj Co McLendon S H 0 L Fort Valley Houston Co Brown W E Gainesville Hull Co Hunt Candler Kimbrough E E Gordon Wilkinson Co Jones W A Greenesboro Greene Co Weaver W M Grantville Coweta Co Sewell Nail Greenville Meriwether Co Ellis D P Griffin Spalding Johnson Murray Mangham J J Murphey T E Nichols J P Hawkinsville Pulaski Co Turner Brooks Peterson R C Gray Skellie Palmer B T AVhelchel B H Rhea J i Smith J II Sorrell A 0 McGriff J P Parsons B F Harmony Grove Jackson Co Little T C Ilartwell Hart Co Hodges J H Co Hogansville Troup Co Mobley J F Harlem Columbia Co Hatcher R R Irwinton Milkinson Co Dewell W D Isabella Vorth Co Grubbs C E Ragan T B Whitfield J J Satterfield Bros10 COMPTROLLERGENERALS REPORT Farmer L R Abraham R P Brand C H L M Fort T Ha Madison Co Smith J O M Jackson Butts Co Jackson Banking Co Jewells Hancock Co 1 Jewell D A Jr Mallette Nutt Billings J W Bone W H Brown W W Budd J S Co Byington G W Cabaniss Oallaway Cabaniss Clarke O Cobb Stetson Mallory Conner G C T U Curd Walker Jefferson Jackson Co Harber Deadwyler Co Jesup Wayne Co Littlefleld O F Kerns Booty Co Jennings J T LaGrange Troup Co Buckley R H Evans W S Lawrenceville Gwinnett Co Sudderth D G LaFayette Walker Co Wester W C Lavonia Franklin Co Cook J A Co Lexington Oglethorpe Co Shackelford W A Lumpkin Stewart Co Mardre W L pgh G W Louisville Jefferson Co Costello E J Lithonia DeKalb Co Wesley F F Macon Bibb Co Daughtry J G Gregory W H Hodges J O Home E A Home H Hurt Co Lofley S T Mathews W S Martin F R Middlebrooks F G Murphey T E Ogden Lanier Redding W A Sewell A A Tinsley A R Turpin S B Sons AValker L West J R Winship N R Wise B ACOMPTROLLERGENERALS REPORT 11 Foster Butler Coryell H G Bridges H 0 Bell Day Bland M H DeVaughn J E Hill Y Hill H 0 Clarke Z H Anderson North Fisher H C Co Cooper J F Co Baura M1 Brantley T M Alston E L Manget Manning Madison Morgan Co Parker R W Shaw H T Marshallville Macon Co Baldwin W P Marietta Cobb Co Goldsmith B M Maysville Jackson Co Atkins T E McDonough Henry Co Dixon J B Lowe Copeland Milledgevitle Baldwin Co Carrington Misses C B Hall F A C S Conn O M Monroe Walton Co Walker B S Moniezuma Macon Co Lewis J F Son McKenzie J W Monticello Jasper Co Wellington C E Morgan Calhoun Co Bick J I Moultrie Colquitt Co Pearsall Shipp Newnan Coweta Co Goodrum Lovejoy Hill A W Perry Houston Co Cooper J P Quitman Brooks Co Groover Co Richland Stewart Co Bell W B Ringgold Catoosa Co Bitting N K Lamar R N Newell T F Taylor L H Shelton J L Hollinshed J S Co McKenzie W W Holtzclaw B C Troutman C H DixonR J12 COMPTROLLERGENERALS REPORT Cheney A D Cothran Co Goetchius C B Gilham Co Wardlaw Mrs J F Wimbish W S Yancey H Brooks J F Carpenter D A Cohen M A Co Daniel Carswell Dearing Hull Elliott A B Farie A L FrippW CCo Guerrard A G Son Reidsville Tattnall Co Griffin T W Rome Floyd Co Graves R W Co Holmes C C McWilliams O H Sparks Parrish Royston Franklin Co McConnell L T Savannah Chatham Co Hall Latham Harrison W G R C Harty J E Hopkins W T Lilian W J Kraus D Kolshorne F Mercer Geo A Sons Wheatonj F Son Moses C F Co Myers Holt Reaves W A Shell man A L SchleyJ Stoddard E S Sullivan J Co Walthour A M Bashinsky Rogers Harty Holt Edwards Bros Sandersville Washington Co Herman Hymaij Irwin A J Roberson S B Wicker T O Jr Burnett W II Lee J B Daniel Applewhite Hills EA Senoia Coweta Co Pollock J D Sharon Taliaferro Co Kendrick W L Sparta Hancock Co Walker J D Springfield Eftingham Co Saffold T P Statesboro Bulloch Co Tart J S Wilson J W Summerville Chaitooga Co McArver J A Sylvania Screven Co Mathews W L Sylvester Worth Co Westberry J II Co Tallapoosa Haralson Co Knapp J RCOMPTROLLERGENERALS REPORT 13 Bard well R N R Burnett E A Culpepper R Evans Son Stansell Merrill Atwater J R Carson B McOrary J A Schaefer E Blalock J T Fryer V K Lamar C W Harris Jones Allen J F Dyson D R Knight Youmans Lea A H Fulcher W M Erwin J A Toole W II Arline Mayson Talbotlon Talbot Co Oarreker N P Smith L W Thomasville Thomas Co Mallette Mayes Parker Jno F Reese W M Thomaston TJpson Co King J S Tifton Berrien Co Full wood Murray Tennille Washington Co Raines Co Toccoa Habersham Co Simpson D J Traders Hill Charlton Co Tyler W W Vuldosta Lovmdes Co Lang W Peeples R A Son Vienna Dooly Co M E Rushin Warrenton Warren Co Brinson J H Washington Wilkes Co Turner J R Waverly Hall Harris Co Pitts I H Son Wayeross Ware Co Lott Murphy Myers E H Waynesboro Burke Co Jones W E West Point Troup Co Jackson A O Winder Jackson Co Quarterman W H Wrightsville Johnson Co Outlaw E A Zebulon Pike Co Gwynn C R Smith E M Sparks W P Wolff H Tyre J L White J T Walker P B Thomas J D Thomas C 0 Pruith Ohas O Lanier P14 COMPTROLLERGENERALS REPORT Special Agents who have Paid the Tax to Canvas the Entire State Allyn Miss Gertrude Angier 0 Arnall 0 S Bagley H C Brown J E Butt Hull Byck M L Oobb H H Comfort B M Fox Thomas Hopkins Fielder Mower Fraser Jenkins Gentry R D Sons Goldsmith M E Grady W E Harper W R Co Haas Watson Harty Apple Hilliard I H Hyman RL Horrocks A E Johnson W AVJ Ketchum AV H Leary W M Lowry T S Mann Mooty Nutting Bros Oberdorfer E Parker W L Patterson W H Co Perdue Egleston Richardson AV S Schatz S AV Terrell AV A White AV AVCOMPTROLLERGENERALS REPORT 15 iETNA INSURANCE COMPANY HARTFORD CONNECTICUT ICAPITAL Whole amount of joint stock or guaranteed capital author ized 5000000 00 2 Whole amount of capital actually paid up in cash 4000000 00 IIASSETS 1 7alue of real estate owned by the company less the amount of encumbrances thereon 225000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple upon which not more than one years interest is due 36000 00 4 Interest due on all said bond and mortgage loans in terest accrued thereon 30112 total 301 12 5 Value of the lands mortgaged exclusive of buildings and perishable improvements 42500 00 6 Value of the buildings mortgaged insured for 2650000 as collateral 40000 00 7 Total value of said mortgaged premises carried inside 82500 00 9 Total par and market value of all stocks and bonds owned absolutely by the company carried out at market value 10416129 70 10 Account of stocks bonds and all other securities except mortgages hypothecated to the company as collateral security for cash actually loaned by the company with the par and market value of the same and the amount loaned on each Par Value Market Value National Bank of Com merce New York 25 shares of 100 each 2500 00 Mechanics National Bank New York 25 shares of 100 each 625 00 5250 00 Amt Loaned Thereon 3600 00 1200 00 11 12 13 Total par and mar ket value and amount loaned thereon 3125 00 6450 00 Cash in companys principal office Cash belonging to the company deposited in bank as follows iEtna National Bank Hartford 478346 Charter Oak National Bank Hartford 3000000 City Bank Hartford 7412S58 Connecticut River Banking Co Hartford 3000000 Far mers Mechanics National Bank Hart ford 3000000 First National Bank Hart ford 30000000 Hartford National Bank Hartford 3000000 National Exchange Bank Hartford 5500000 Phoenix Na tional Bank Hartford 366430 42 State Bank Hartford 3000000 New York 3600 00 1887 82 3600 00 2c16 COMPTROLLERGENERALS REPORT Life Trust Co New York 2500000 United States Trust Co New York 54 68276 Merchants National Bank Cincin nati 767854 Omaha National Bank Omaha Neb 893733 Bink of Califor nia San Francisco 628245 Total 782923 54 78481136 Interest due and accrued on stocks not included in mar ketvalue accruedonspecial deposits 37500 375 00 15 Interest due and accrued on collateral loans 90 00 16 Gross premiums in due course of collection not more than three months due 622782 80 The gross amount of all the assets of the company 12089089 98 14 Aggregate amount of all the assets of the company stated at their actual value IIILIABILITIES 1 Gross claims for adjusted and unpaid losses due and to become due 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 Losses resisted including interest cost and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 72348 51 305634 24 452 53 95 423266 70 53670 53 1235955 13 9 120S9089 98 6 Net amount of unpaid lossesM 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 247191027 unearned pre miums fifty per cent 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from dateof policy 335131541 unearned pre miums pro rata 1734659 44 Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired inland navigation risks 18362991 unearned premiums fifty per cent 91814 98 11 Total unearned premiums as computed above carried out 12 Amount reclaimable by the insured on perpetual fire in surance policies baing ninetyfive per cent of the pre mium or deposit received 20 All other demands against the company absolute and con tingent due and to become due admitted and contested viz State city county or other taxes or assessments commissions brokerage and other charges due and to become due to agents and brokers on premiums paid and in course of collection 10538319 Return pre miums 6322992 Total 369590 17 3062429 55 54737 79 168613 11COMPTROLLERGENERALS REPORT 17 21 Total amount of all liabilities except capital stock and net surplus 3655370 62 22 Jointstock capital actually paid up in cash 4000000 00 23 Surplus beyond capital and other liabilities 4433719 36 25 Aggregate amount of all liabilities including paidup capital stock and net surplus 12089089 98 IVRECEIPTS DURING THE YEAR 1 Gross premiums and bills un paid at close of last year as shown by incDine 6 of that years statement 3 Net collected 4 Gross premiums on risks writ ten and renewed during vear From Fire Risks 509969 16 609969 16 From Inland Risks 45828 97 45828 97 4406941 15 305861 45 5 Totals 4916910 31 6 Deduct gross premiums and bills in course of collection at this date 544174 52 7 Entire premiums collected during the year 4372735 79 8 Deduct reinsurance rebate abatement and return pre miums 776726 27 351690 42 78608 28 273082 14 110520 89 9 10 11 12 13 15 Net cash actually received for premiums carried out 3596007 52 Received for interest on mortgages Received for interest and dividends on stocks and bonds collateral loans and all other sources Income received from all other sources viz Rents 199971 Deposit premiums less five per cent re ceived for perpetual fire risks carried in side 3068 98 162561 253758568 77 1984 83 507850 55 4999 71 Aggregate amount of receipts actually received during the year in cash 4273403 86 VEXPENDITURES DURING THE YEAR 2 Od Fire Risks Gross amount actually paid for losses including 271 43852 losses occurring in previous years 1989420 45 Deduct all amounts actually re ceived for salvages whether on losses of the last or pre vious years 1757006 and all amounts actually re On Inland Risks 142785 0518 COMPTROLLERGENERALS REPORT ceived for reinsurance in other companies 187993 32 Total deductions 158610 85 46952 53 3 Net amount paid during the year for losses 1830809 60 95832 521926642 12 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 720000 6 Paid for commissions or brokerage 7 Paid for salaries fees and all other charges of officers 3939298 clerks 5015864 agents and all other em ployees 18366503 8 Paid for State National and local taxes in this and other States 9 All other payments and expenditures viz Interest on borrowed money general expenses printing ad vertising postage exchange express charges traveling expenses etc total 10 Amount of deposit premium returned during the year on perpetual fire risks 469 00 720000 00 624648 13 273216 65 92379 36 263341 53 Aggregate amount of actual expenditures during the yearincash 3900227 79 Business in the Slate of Georgia During the Year 8 Fire and inland marine risks taken 5964270 00 9 Premiums received 82448 94 10 Losses paid 41488 53 11 Losses incurred 30670 61 BUSINESS IN GEORGIA FOR YEAR ENDING APRTL 30 1898 Risks Premiums Losses Tax 6839079 00 88812 69 36989 77 888 12 AGRICULTURAL FIRE INSURANCE COMPANY OF WATERTOVVN NEW YORK ICAPITAL 1 Whole amount of capital stock 500000 00 2 Amount paid up in cash 500000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of imcumbrances thereonS 262555 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 1027549 19 3 Interest due on all said bond and mortgage loans 583835 interest accrued thereon 1712175 total 22960 10 COMPTROLLERGENERALS REPORT 19 4 Value of lands mortgaged exclusive of build ings and perishable i nprovemen lid mortgag ts 2190165 00 6 Total value of s ed prem iaoa iiarrioil inairlp 2190185 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market 330060 00 Collateral Loans Par Value Market Val Amt Loaned Real estate mortgages 53464 40 53464 40 43110 50 Chicago Alton R R 4400 00 7150 00 3899 91 First National Bank of Carthage N Y stock 5000 00 6250 00 5000 00 National Bank of Fayette ville N Y stock 1450 00 1667 50 769 06 Remington Paper Com pany stock 14900 00 14900 001 C R Remington Son 7016 45 7000 00 7000 00 J First Natl Bk of Frank fort N Y stock 9000 00 11250 00 First Natl Bank of Herk 18000 00 imer N Y stock 9000 00 12150 00 Deeds of real estate in city of New York 15000 00 Deeds of real estate in 10637 40 city of Buffalo N Y 6500 00 Watertown Steam Engine 9800 00 7350 00 6500 00 Bagley Sewall Co stock 23700 00 23700 00 10000 00 Barber Asphalt Co stock 6000 00 12000 00 I 4000 00 8000 00 Batopilas Mining Co bds 4000 00 Hudson River Pulp Pa 30000 00 30000 00 25000 00 Watertown Natl Bk Wa tertown N Y stock 1000 00 1850 001 8140 00 j 3650 00 Ontario Paper Co stick 3700 00 Union Carriage and Gear 500 00 500 00 210 00 First Natl Bk of Rich field Sprgs N Y stck 5000 00 6000 00 5000 00 Intrnatnal Pulp Co stk 1000 00 1100 00 1000 00 N Y Central Hudson 1 River R R stock 1400 00 1492 75 Natl Union Bk Water town N Y stock 1920 00 3240 00 City Natl Bank Water town N Y stock 500 00 625 00 10000 00 Watertown Ntl Bk Wa tertown N Y stock 1000 00 1850 00 C R Reming Son Co 7500 00 7500 00 American Exp Co stock 1500 00 1725 00 J Brownville Paper Co stk 16900 00 16900 001 5000 00 J 8600 00 Brownville Paper Co bds 5000 00 Willamette Pulp Paper 15 000 00 15000 00 10000 00 Natl Union Bk of Sche nectady N Y stock 3000 00 3750 00 3000 00 Brockway Sons Co stock 8000 00 10000 00 8000 00 20 COMPTROLLERGENERALS REPORT Watertown Ntl Bk Wa tertown N Y stock National Union Bk Wa tertown N Y stock Ontario Paper Co stock Natl Bk and Loan Co Watertown N Y stk Taggarts Paper Co stock Felts Mill Paper Co stck Wendler Machine Co bds Deed of real estate White Plains N Y C R Remington Son Co bond N Y Central Hudson River R R stock Western Union Telegraph stock 1000 00 1850 00 800 00 10000 00 3000 00 3500 00 5200 00 13000 00 500 00 3400 00 13000 00 1350 00 22000 00 3300 CO 3500 00 5720 00 13000 00 1500 00 500 00 3624 25 11732 50 2750 00 20000 00 2000 00 5000 00 10000 00 1000 00 200 00 13225 00 11 Total par and market and amt loaned thereon 204034 40 365131 40 249598 22 12 Cash in companys principal office 37655 47 13 Cash belonging to the company deposited in bank National Union 5092435 Jeffer son Co National 7075029 National Bank Loan Co 7500 Watertown Na tional 987869 Watertown Savings 3000 Total 142053 23 15 16 Total cash items Interest due and accrued on stocks not included in market value uncollected Interest due and accrued on collateral loans and uncol lected and bank balances 17 Cash in hands of agents and in course of transmission All other assets both real and personal as per schedule at tached viz Rents due and accrued 2050 due from other companies for reinsurance on losses already paid N British Mer 276 American Fire 276 Royal 275 Rochester German 1671 Merchants 76352 Spring Garden 80314 Associated Mfrs Mutual 2 28407 Eastern 1232 Colonial 1232 Allemania 433 Franklin 486 Eureka 6057 Phoenix Assur ance 1354 North German 161118 Security 6037 Total assets of the company actual cash market value IIILIABILITIES 1 Losses due and unpaid 249598 32 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 33838 93 57350 56 19058 00 110247 49 57068 18 179708 80 3084 58 6263 84 200487 13 7705 00 2289971 96 6 Net amount of unpaid losses 83179 31COMPTROLLERGENERALS REPORT 21 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less irom date of policy 644804 00 Unearned premiums fifty per cent 322402 00 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 1803191 Unearned premiums pro rata 867614 63 11 Total unearned premiums as computed above carried out 15 Dividends declared and remaining unpaid or uncalled for 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commission on premiums in course of collection 46130 85 Reinsurance 34854 0U 1190016 63 55 00 Total 1984 85 20 Total amount of all liabilities except capital stock scrip and net surplus 1 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of col lection at close of last previous year as On Fire Risks shown by that years statement 205144 25 2 Deduct amount of same collected 20392 07 1354235 79 500000 00 435736 17 2289971 96 3 Net collected 178752 18 4 Gross premiums on risks written and renew ed during the year 1504725 25 5 Total 1683477 43 6 Deduct premiums and bills in course of col lection at this date 200487 13 7 Entire premiums collected during the year 142990 30 8 Deduct reinsurance and return premiums 613276 00 9 Net cash actually received for premiums car ried out 869714 SO 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents 249550 total 15 Aggregate amount of income actually received during the year in cash 869714 30 53406 03 35633 85 2495 50 961249 6722 COMPTROLLERGENERALS REPORT VEXPENDITURES DURING THE YEAH 1 Gross amount actually paid for losses in cluding 4851177 losses occuring in pre Oil Fire Risks vious years 608101 88 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 567145 and all amounts actually received for reinsurances in other companies 11304622 total deductions 118717 67 3 Net amount paid during the year for losses 489384 21 4S9384 21 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 50000 49945 00 6 Paid for commission or brokerage 168 560 09 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 109519 57 8 Paid for State national and local taxes in this and other States 34709 85 9 All other payments and expenditures viz General and agency expenses postage exchange stationery printing and maps total 113868 48 Aggregate amount of actual expenditures during the year in cash 965487 0 AMERICAN FIRE INSURANCE COMPANY OF NEW YORK ICAPITAL 1 Whole amount of capital stock 400 000 00 2 Amount paid up in cash 400 000 00 11 12 13 IIASSETS Loans on bond and mortgage duly recorded and being first liens on the fee simple Interest due on all said bond and mortgage loans interest accrued thereon 12084 total Value of land mortgages exclusive of buildings and per ishable improvements 21500 00 Value of buildings mortgaged insured for 1450000 as collateral 14 500 00 Amount of other loans 36000 00 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value Total par and market value and amount loaned thereon Cash in companys principal office 730 84 Cash belonging to the company deposited in bank of U S Mortgage and Trust Compa ny N Y 2471 American Exchange Na tional Bank NY 2887537 Union National Bank Chicago 463260 total 34263 52 14500 00 120 84 915956 00 35000 00COMPTROLLERGENERALS REPORT 23 Total cash items 15 Interest due and accrued on stocks not included in market value uncollected 16 Interest due and accrued on collateral loans and uncollected 17 Cash in hands of agents and in course of transmission All other assets both real and persona viz Due from other companies for reinsurance on losses already paid North River 2029 Phoenix Insurance Co return premiums 8593 total Total assets of the company actual cash market value IIILIABILITIES 1 Losses due and unpaid 31571 54 2 Gross losses in process of adjustment or in sus pense including all reported and supposed losses 23490 83 3 Losses resisted including interest costs and other expenses thereon 4652 00 4 Total gross amount of claims for losses 59714 37 5 Deduct reinsurance thereon 16529 38 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy Unearned premiums fifty percent S Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy Unearned premiums pro rata 113365 79 Total unearned premiums as computed above carried out Cash dividends to stockholders remaining unpaid All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions etc 2041734 return premiums 780352 total Total amount of all liabilities except capital stock scrip and net surplus Joint stock capital actually paid up in caeh Surplus beyond capital and all other liabilities Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAE On Fire Risks 1 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 89018 91 3 Net collected 89018 4 Gross premiums on risks written and renewed during the year 34263 52 5608 33 329 00 119516 22 106 22 1125400 13 443567 38 221783 69 188635 26 11 16 19 20 21 23 24 90 674421 08 43184 99 335149 48 2966 46 28220 86 409521 79 400000 00 315878 34 1125400 13 Total 63439 9824 COMPTROLLERGENERALS REPORT 6 Deduct premiums and bills in course of collec tion at this date 122504 06 7 Entire premiums collected during the year 640935 92 8 Deduct reinsurance and return premiums 134937 28 9 Net cash actually received for premiums car ded out 505998 64 505998 64 10 Received for interest on bonds and mortgages 725 00 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 33785 04 15 Aggregate amount of income actually received during the year in cash 540508 68 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses includ ing 4797790 losses occurring in previous years 282548 96 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 776996 and all amounts ac tually received for reinsurances in other companies 4231302 total deductions 50082 98 3 Net amount paid during the year for losses 232465 98 232465 98 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 16000 00 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Rent station ery postage advertising board traveling and sundries 16000 00 89932 47 63248 98 15464 55 48279 04 Aggregate amount of actual expenditures during the year in cash 465391 02 Business in the Slate of Georgia During the Year Fire Risks Fire marine and inland risks written745940 00 Premiums received gross 9968 49 Losses paid 52 55 Losses incurred L170 45 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks973824 00 Premiums 13098 17 Losses 1759 48 Tax 130 98COMPTROLLERGENERALS REPORT 25 ATLANTA HOME FIRE INSURANCE CO ATLANTA GA ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 500000 00 500000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans 434829 interest accrued thereon 1139294 total 4 Value of lands mortgaged exclusive of buildings and per ishable improvements 521000 00 5 Value of buildings mortgaged insured for 20327500 as collateral 216900 00 500000 00 79230 32 337993 73 15741 23 i 10 Total value of said mortgaged premi ses carried inside 737900 00 Amount of stocks and bonds owned absolutely by the com pany Total par and market value carried out at market value 209330 00 224042 50 Amount of stocks bonds and all other securities except mortgages hypothecated to the company as collateral security for cash actually loaned by the company with the par and market value of the same and the amount loaned on each Total Total Par Value Market Val 11 Total par and market val ue and amount loaned thereon 109850 00 124277 50 61915 00 12 Cash in companys principal office 659 05 13 Cash belonging to the company deposited in bank Lowry Banking Co 5009 00 Central National bank N Y 425 28 Amount Loaned Thereon Total 6093 33 15 Interest due and accrued on stocks not included in market value uncollected 16 Interest due and accrued on collateral loans and uncollectd 17 Cash in hands of agents and in course of transmission Gross as in policies 28484 34 Less corns and cost of coln etc 5696 87 Agents debit balances Office furniture and fixtures Total assets of the company actual cash market value 285957 50 6093 33 1084 03 1731 68 22787 47 4807 74 4267 49 759694 52 26 COMPTROLLERGENERALS REPORT IIILIABILITIES 1 Losses adjusted and not due 969 34 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 12782 42 3 Losses resisted including interest cost and other expenses thereon 2500 00 4 Total gross amount of claims for losses 16251 76 6 Net amount of unpaid losses 16251 76 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 99670 69 Unearned premiums fifty per cent 49835 34 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 83229 84 Unearned premiums pro rata 43014 15 11 Total unearned premiums as computed above carried out 92879 49 20 Total amount of all liabilities except capital stock scrip and net surplus 109131 25 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 150563 27 24 Aggregate amount of all liabilities including capital paid up and net surplus 759694 52 IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of col On Fira Risks lection at close of last previous year as shown by that years statement 23918 62 2 Net collected 23918 62 4 Gross premiums on risks written and re newed during the year 163439 17 5 Total 187358 29 6 Deduct premiums and bills i i course of col lection at this date 28484 34 7 Entire premiums collected during the year 158873 95 8 Deduct reinsurance and return premiums 35561 82 9 Net cash actually received for premiums carried out 123312 13 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources Rents 15 Aggregate amount of income actually received during the year in cash 123312 13 19716 43 16269 91 4447 16 163745 63COMPTROLLERGENERALS REPORT 27 77552 68 7591 13 69961 55 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in On Fire Risks eluding 862265 losses occurring in pre vious years 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 5780 and all amounts actually received for reinsurances in other companies 755333 Total deduc tions 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of offices clerks agents and all other employees 8 Paid for State National and local taxes in this and other States 9 All other payments and expenditures viz Rent All other payments and exp Aggregate amount of actual expenditures during the year in cash Business in the Slate of Georgia during the year Fire Risks Fire marine and inland risks written 4592623 00 Premiums received gross 68667 97 Losses paid 26768 09 Losses incurred 28796 42 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks Premiums Losses Tax 69961 55 40000 00 24337 88 10845 60 5257 60 1694 16 10928 78 163025 57 4592623 00 68667 97 26768 09 28796 42 4237310 00 67368 15 31288 81 673 68 BRITISH AMERICA ASSURANCE COMPANY OF TORONTO CANADA IIASSETS Account of Bonds of the United States and of this State and of other States and also of Bonds of incorporated cities in this State and of all other Bonds and Storks owned absolutely by the company 9 Total par and market value carried out at market value 995803 13 Cash belonging to the company deposited in bankCana dian Bank of Commerce New York 41652 69 15 Interest due and accrued on stocks not included in market value uncollected 14627 59 17 Cash in hands of agents and in course of transmission 204108 14 is Bills receivable not matured taken for fire marine and inland risks u16 Jl Total assets of the company actual cash market value W315 3S28 COMPTROLLERGENERALS REPORT 10 U 19 20 23 24 IIILIABILITIES Losses due and unpaid Gross losses in process of adjustment or in suspense including all reported and sup posed losses Losses resisted including interest costs and other expenses thereon Total gross amount of claims for lossesT Net amount of unpaid losses Gross premiums without any deduction re ceived and receivable upon all unex pired fire risks running one year or less from date of policy 68743800 Unearned premiums fifty per cent Gross premiums without any deduction re ceived and receivable upon upon all unex pired fire risks running more than one year from date of policy 440513 04 Un earned premiums pro rata Gross premiums without any deduction in cluding both cash and bills received and receivable upon all unexpired inland navi gation and marine risks 4021448 Un earned premiums fifty per cent Gross premiums without any deduction re ceived and receivable on all unexpired marine risks 13278 66 94274 64 10739 45 118292 75 343719 00 229489 06 20107 24 1667 86 Total unearned premiums as computed above carried out All other demands against the company ab solute and contingent due and to become due admitted and contested viz Com missions 4170232 return premiums 2704197 reinsurance 139413 Total amount of liabilities except capital stock scrip and net surplus Surplus beyond capital and all other liabilities Aggregate amount of all liabilities in cluding capital paid up and net sur plus RECEIPTS DURING THE YEAR 118292 75 594984 06 70138 42 783415 23 484900 10 1268315 33 On Fire Risks Gross premiums and bills un paid at close of last year as shown by income 6 of that years statement Net collected Gross premiums on risks writ ten and renewed during the year 11542 On Marine and Inland Risks Total 1333287 85 179012 38 19782 04 179012 30 19782 04 5 47 205590 35 225372 39COMPTROLLERGENERALS REPORT 29 6 Deduct gross premiums and bills in course of collection at this date 197039 85 1919 20 Entire premiums collected during the year 1136248 00 206180 19 Deduct reinsurance rebate abatement and return pre miums 253869 63 47488 54 9 Net cash actually re ceived for premiums car ried out 882378 37 158691 65 1041070 03 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 34561 41 Aggregate amount of receipts actually received dur ing the year in cash 1075631 43 DISBURSEMENTS DURING THE YEAR On Fire Risks On Marine and Inland Risks Gross amount actually paid for losses including 109 140 05 losses occurring in previous years Deduct all amounts actually re ceived for salvages whether on losses of the last or pre vious years 1405515 and all amounts actually re ceived for reinsurance in other companies 2234367 Total deductions 500679 22 138396 98 13774 85 22023 97 3 Net amount paid during the year for losses 586904 37 115683 01 6 Paid for commission or brokerage 7 Paid for salaries fees and all other charges of officers clerks agents and all other employees 8 Paid for State and local taxes in this and other States 9 All other payments and expenditures viz board express fire patrol printing stationery advertising etc 11 American branches of foreign companies will please report amount sent to home office during the year 96457 81 Aggregate amount of actual disbursements during the year in cash Business in the State of Georgia during the year Fire Risks Fire marine and inland risks written 1393283 00 Premiums received gross 22677 53 Losses paid 12478 22 Losses incurred 14033 02 602587 38 194284 06 41193 66 29 732 13 72390 21 940187 44 Aggregate 1393283 00 22677 53 12478 22 14033 0230 COMPTROLLERGENERALS REPORT BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks Premiums Losses Tax 1550423 00 21114 55 14091 08 211 14 CALEDONIAN FIRE INSURANCE COMPANY OF EDINBURGH SCOTLANDTHE UNITED STATES BRANCH ICAPITAL 1 Whole Amount of capital stock 2 Amount paid up in cash 12 13 15 IIASSETS Amount stocks and bonds owned absolutely by the company Cash in companys principal office 1979 53 Cash belonging to the company deposited in the American Exchange National Bank of New York trustees account 2324748 managers account 6290027 Bank of British North America San Francisco Cal 643970 Total 92587 45 Interest due and accrued on stocks not included in market value uncollected 17 Cash in hands of agents and in course of transmission 18 Bills receivable not matured taken for fire marine and inland risks Due from other companies for reinsurance on losses already paid Total assets of the company actual cash market value IIILIABILITIES 1 Losses due and unpaid 109 732 35 2 Gross losses iu process of adjustment or in suspense including all reported and sup posed losses 54243 oo 3 Losses resisted including interest costs and other expenses thereon 18 256 66 5000000 00 537500 00 1931533 00 94566 98 23734 13 161500 94 404 05 538 88 2212278 23 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 182232 111 7167 01 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 100505115 unearned pre miums fifty per cent 502525 58 175065 00COMPTROLLERGENERALS REPORT 31 3 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 89672487 unearned pre miums 442707 46 11 Total unearned premiums as computed above carried out 945233 04 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions and brokerage 2949583 reinsur ance 1732322 contingent liability 1000000 all other demands 240237 Total 59221 42 20 Total amount of all liabilities except capital stock scrip and net surplus 1179519 46 23 Surplus beyond capital and all other liabilities 1032758 77 24 Aggregate amount of all liabilities including capital paid up and net surplus 2212278 23 IVINCOME DURING THE YEAR On Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 165751 S2 3 Net collected 165751 82 4 Gross premiums on risks written and re newed during the year 1688873 41 5 Total 1854625 23 6 Deduct premiums and bills in course of col lection at this date 167138 17 7 Entire premiums collected during the year 1687487 06 8 Deduct reinsurance and return premiums 356456 81 9 Net cash actually received for premiums carriedout 1331030 25 1331030 25 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 71502 52 15 Aggregate amount of income actually received during the year in cash 1402 532 77 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses includ ing losses occurring in previous years 745757 31 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year and all amounts actually received for reinsurances in other companies Total deductions 46734 87 3c32 COMPTROLLERGENERALS REPORT 3 Net amount paid during the year for losses 599022 44 699022 44 6 Paid for commissions or brokerage 270742 54 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 87614 35 8 Paid for state national and local taxes in this and other states 37911 83 9 All other payments and expenditures viz Rent travel ling stationery printing advertising legal and all other expenses 70009 48 10 Sent to home offices during the year 122100 83 Aggregate amount of actual expenditures during the year in cash 1165300 64 Business in State of Georgia for the Year Fire marine and inland risks 1159269 00 Premiums received 19522 93 Losses paid 11980 89 Losses incurred 10571 03 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks Premiums Losses Tax 1224447 00 19716 01 15769 00 197 16 THE COMMERCIAL UNION ASSURANCE COMPANY LTD OF LONDON ENGLAND 1 Market value of real estate owned by the company less the amount of incumhrances thereon 88S148 69 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 24000 00 3 Interest due on all said bond and mortgage loans in terest accrued thereon 18000 total 180 00 4 Value of lands mortgaged exclusive of build ings and perishable improvements 15000 00 5 Value of buildings mortgaged insured for S as collateral 22000 00 6 Total value of said mortgaged premises carried inside 37000 00 Total par and market value of stocks and bonds owned absolutely by the company 1832345 00 11 Total par and market value and amount loaned thereon 2744673 69 12 Cash in companys principal olhce 406 62 13 Cash belonging to the company deposited in bank as follows New York Life Insurance and Trust Co 28790565 National Bank of Commerce New York 14503406 Phe nix National New York 481557 Colorado National Denver 886946 AngloCaliforCOMPTROLLERGENERALS REPORT 33 man San Francisco 4149109 American Exchange National Bank N Y 762175 First National Bank Milwaukee 336001 Total 499097 59 Total cash items 499564 21 115 Interest due and accrued on stocks not included in market value uncollected 3949 97 Gross premiums in course of collection within three months 398296 58 18 Bills receivable not matured taken for fire marine and in land risks 1375 00 All other assets both real and personal viz rents due and accrued 596453 due from other companies for re insurance on losses already paid name companies 561272 Law Union and Crown 2084 Scottish Alli ance 2084 Commercial of Scotland S1667 American New York 3145 North Western National 9797 Com mercial Union of New York 6389 Pacific 13c Man chester 52c Imperial 52c British and Foreign Ma rine 8178510 Indemnity Mutual 178510 Security ct 178979 11577 25 Total assets of the company actual cash market value 3679436 70 IIILIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense in cluding all reported and supposed losses 8 Losses resisted including interest costs and other expenses thereon Total gross amount of claims for losses Deduct reinsurance thereon 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 1774012 15 84406 32 101597 00 19275 00 205278 32 5494 Oo 199784 32 Unearned premiums fifty per cent 8S7000 08 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 185422384 unearned premiums prorata 94288S 52 9 Gross premiums without any deduction in cluding both cash and bills receivable upon all unexpired inland navigation and marine risks 58842 unearned premiums fifty per cent 294 21 11 Total unearned premiums as computed above carried out 12 Net premiums reserved and all other liabilities except cap ital under the life insurance or any other special depart ment reclaimable under perpetual policies 90 per cent 1829188 81 87740 3734 COMPTROLLERGENERALS REPORT 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissioners etc 5113957 return premiums 1509376 other items 958330 75816 63 23 24 Total 2192530 13 Surplus beyond capital and all other liabilities 1486906 57 Aggregate amount of all liabilities including capital paid up and net surplus 3679436 70 7 8 9 11 12 IVINCOME DURING THE YEAR Bire Risks Gross premiums and bills in course of collection at close of last pre vious year as shown by that years statement 360218 23 Net collected 360218 23 Gross premiums on risks written and renewed during the year 2863183 56 Marine and Inland Bisks 1271 29 1271 29 57074 02 Total3223401 79 Deduct prems and bills in course of collection at this date 397732 06 Entire premiums collected during the year 2S25669 73 Deduct reinsurance and return nremiums 562535 18 58345 31 3500 00 54845 31 22623 08 2295356 78 72089 22 32726 65 Net cash actually received for pre miums carried out 2263134 55 32222 23 Received for interest and dividends on stocks and bonds collateral loans and from all other sources Income received from all other sources omitting increase if any in value ofsecurities viz rents 3272605 total 15 Aggregate amount of income actually received during the year in cash 2400172 65 VEXPENDITURES DURING THE YEAR Marine and Fire Risks Inland Risks 1 Gross amount actually paid for losses including 17127326 losses occurring in previous yearl141265 11 97849 81 2 Deduct all amounts actually re ceived for salvages whether on losses of the last or of previous year 2000018 and all amts actually received for reinsu rance in other companies 39 03405 total deductions 26195 79 83480 04 3 Net amount paid during the year for losses 1115069 32 64410 Ti 6 Paid for commissions or brokerage 1179480 09 426741 47COMPTROLLERGENERALS REPORT 35 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 147770 Oo 8 Paid for State national and local taxes in this and other States 64734 50 9All other payments and expenditures viz National local boards rents printing stationery advertising subscrip tions postage telegrams expressage office ex maps exchange agency ex funiture and legal total 133433 07 10 Sent to home offices during the year 193521 28 Aggregate amount of actual expenditures during the year in cash 1952359 IS Business in the State of Georgia Daring the Year Fire Risks Aggregate Fire marine and inland risks written 3660241 00 3660241 00 Premiums received gross 61041 18 61041 18 Losses paid 33167 74 33167 74 Losses incurred 3611141 3611141 BUSINESS IN GEORGIA FOE YEAE KND1NG APKIL 30 1898 Risks 4026653 00 Premiums 64435 39 Losses 38927 70 Tax 644 35 THE CONTINENTAL INSURANCE COMPANY OF NEW YORK ICAPITAL 1 Whole amount of capital actually paid up in cash 1000000 00 IIASSETS 1 Value of real estate owned by the company less the amount of incumbrances thereon 1106 2 Loan on bond and mortgage duly recorded and being first liens on the fee simple upon which not more than one years interest is due 4 Interest due on all bond and mortgage loans in terest accrued thereon 181625 total 5 Value of lands mortgaged exclusive of build ings and perishable improvements 120650 00 6 Value of the buildings mortgaged insured for 11437500 as collateral 125450 00 7 Total value of said mortgaged premiums carried inside 246100 00 85 250 00 860 00 816 25 and of incor owned 8 Account of stocks bonds and treasury notes of the United States this State and of other States and also of stocks and bonds of porated cities in this State and of all other stocks and bonds absolutely by the company 9 Total par and market value carried out at market value 0534321 0036 COMPTROLLERGENERALS REPORT 12 Cash in the companys principal office 3868S 54 13 Cash belonging to the company deposited in First National Bank N Y 14029105 National Union Bank N Y 528346 Mechanics National Bank N Y 63917 Central Trust Co N Y 295000 First National Bank Brooklyn N Y 264061 Brooklyn Trust Co Brooklyn N Y 4 20630 Franklin Trust Co Brooklyn N Y 464041 First National Bank Chi cago Ills 2344524 U S Mortgage Trust Co N Y 134101 Union Dime Savings Institution 309602 188583 87 14 Interest due and accrued on stocks and bonds not included in market value 15 Interest due and accrued on collateral loans bank bal ances etc 16 Gross premiums in course of collection not more than three months due 17 Bills receivable not matured taken tor fire tornado marine and inland risks 18 All other property belonging to the company viz Rents due and accrued 123084 total 227272 41 66SS1 03 210 54 44815S 76 110296 8S 1230 S4 Gross amount of all the assets of the company 8582207 6S Aggregate amount of all assets of the company stated at their actual value S582207 68 TO BE ANSWERED BY COMPANIES DOING AN INSTALLMENT BUSINESS 1 What amount of installment notes is owned and now held by the company 1470266 69 NoteCompanies acting under ivhat is known as the Surplus Law law N 1 Sections 130 181 132 are required to State 1 The amount of special reserve fund ac cording to said law deposited with the in surance department of the State of N Y 600000 00 2 The amount of guaranty surplus fund as provided for by said law 600000 00 insurance IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 IiOsses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 2983S6 63 35275 00 333661 63 17075 89 6 Net amount of unpaid losses 316 ogg 74COMPTROLLERGENERALS REPORT 37 11 15 16 17 18 19 20 Gross premiums received and receivable upon all unexpired fire and tornado risks running one year or less from date of policy including interest premiums on perpetual fire risks 228466302 unearned premiums fifty per cent 1142331 51 Gross premiums received and receivabl e upon all unexpired fire and tornado risks run ning more than one year from date of policv 8196821940 unearned premiums pro rata 2524417 98 Total unearned premiums as computed above carried out Principal unpaid on scrip or certificates of profit which have been authorized or ordered to be redeemed Interest due and declared remaining unpaid or uncalled for Cash dividends to stockholders remaining unpaid Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses Reserved for contingencies All other demands against the company absolute and con tingent due and to become due admitted and contested including commissions and brokerage 3666749 49 28725 00 6091 68 1800 00 15000 00 300000 00 129260 29 22 23 25 Total amount of all liabilities except capital stock and net surplus 4464212 20 Joint stock capital actually paid up in cash 1000000 00 Surplus amount carried to guarnty surplus fund 600 00000 amount carried to special reserve fund 600 00000 uncancelled surplus 191799548 3117995 48 Aggregate amount of all liabilities including paid up capital stock and net surplus 8582207 68 TO HE ANSWERED BY COMPANIES DOING AN INSTALLMENT BUSINESS Amount of unearned premiums represented by installment notes being the whole amount of such notes 1470266 69 IVINCOME DURING THE YEAR From Fire and Tor nado Risks Gross premiums and bills in course of collec tion at close of last previ ous year as shown by that years statement 498711 25 Deduct amount of same not collected 3225 30 495485 95 Net collected Gross premiums on risks written and re newed during the year 4150221 02 Total 4645706 97 Deduct premiums and bills in course of col lection at this date 558455 61 Entire premiums collected during the year 4087251 36 Deduct reinsurance and return premiums 439166 23 Net cash actually received for premiums carried out 3648085 13COMPTROLLERGENERALS REPORT 10 Received for interest on bonds and mortgages 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources viz Rents 52386189 Total 15 5678 83 2S7326 59 23861 89 Aggregate amount of income actually received during the year in cash 3961952 44 VEXPENDITURES DURING THE VEAR On Fire snii Tor nado Risks Gross amount actually paid for losses including 292 98218 losses occurring in previous years 6S3211 57 Deduct all amounts actually received for salvages whether on losses of the last or of previous years 998635 and all amounts actually received for rein surances in other companies 1431196 total deductions 2429S 31 On Mar no and Inland Risks 55728 21 3 Net amount paid during the year for losses 1658913 2 55728 21 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 200000 5 Scrip or certificates of profits redeemed in cash and inter est paid to scripholders 6 Paid for commissions or brokerage 7 Paid for salaries fees and all other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Stationery printing advertising postage express traveling ex penses hotel fares national and local boards rents maps supplies etc Aggregate amount of actual expenditures during the vear in cash 1714641 47 19S800 00 99 68 740250 06 325594 37 70128 03 213503 65 Business in the Stale of Georgia during the year 3263023 26 Fire and Tornado Risks i i ire marine and inland risks taken 3 806 C8 00 8 Premiums received 53946 6 9 Losses paid V V 3531 09 10 Losses incurred 0 E oO 9oi 15 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks Premiums Losses Tax 4632859 00 66566 16 40764 68 665 66COMPTROLLERGENERALS REPORT 39 CONNECTICUT FIRE INSURANCE COMPANY HARTFORD CONNEC TICUT ICAPITAL STOCK 1 Amount of capital stock authorized 1000 00000 subscribed for 1000000 00 2 Amount of capital paid up in cash 1000000 00 a Amount of net ledger assets Decem ber 31 of previous year 3171487 09 Extended at 3171487 09 ITINCOME DUKIXfi YEAR As shown by the books at home office at close of business December 31 Fire 1 Gross premiums and bills unpaid at close of previous year as shown by that yeais statement 219478 05 2 Deduct amount of same not collected 7326 81 3 Net collected 21215124 4 Gross premiums written and renewed during the year 1913533 42 5 Total 2125684 66 6 Deduct gross premiums and bills excluding return premiums and reinsurance in course of collection at this date 223281 45 7 Entire premiums collected during the year 1902403 21 8 Deduct reinsurance rebate abatement and return premiums 239300 78 1663102 43 9 Received for premiums entered on ledger 1674232 64 12 Interest on real estate mortgage loans 5051041 on other collateral loans 68805 51198 46 13 Interests and dividends on stocks and bonds and from all other sources 89360 36 Total rents and interest 140558 82 Total income during the year 1814791 46 Total footings 4986278 55 IIIDISBURSEMENTS DURING YEAR As shown by the books at home office at close of business December 31 1 Gross amount paid for losses including til754388 occurring in previous years 831584 29 2 Deduct amounts received for salvages on losses of the last or of previous years 732796 and from reinsurance in other companies 2147024 28798 20 3 Net amount paid during the year for losses 802786 09 802786 0940 COMPTROLLERGENERALS REPORT 5 Paid stockholders for interest or dividends amount declared during the year 10000000 100000 00 7 Commissions or brokerage to agents less received on re insurances 305790 43 9 Rents includingS for companys use of own buildings less from subleases 7917 23 10 Salaries fees and all other charges officers clerks and other employes 134760 76 12 Insurance department fees agents licenses municipal licenses and tax on premiums 41991 30 13 Advertising printing stationery legal and miscellaneous expenses repairs and expenses on real estate deducted from gross rentals hence not included here 117622 34 14 Net loss on sales or maturity of ledger assets 2371673 charged off to profit and loss 3824727 61964 00 Total expenditures during the year Balance 1572832 15 3413446 40 IV LEDGER ASSETS As per ledger accounts shoivn by the books of home office at close of business December 31 a Book value real estate unincumbered 20932500 incumbered 209325 00 Mortgage loans on real estate first liens 109065900 other than first 1090659 00 Loans secured by pledge of bonds stocks or other collaterals 2000 00 a Book value of bonds excluding interest 140254425 and stocks 49533097 1897875 22 Cash in companys office 64504 deposited in bank 12766069 National Exchange Bank Hartford 811378351 Continental National Bank Chicago 1288815 Anglo California Bank San Francisco S98700 128305 73 Bills receivable 212575 agents debit bal ances net 8315570 85281 45 14 15 16 17 Deduct ledger liabilities Total 3413446 40 Total net ledger assets Nonledger Assets Market value not including interest of bonds and stocks over book value Gross premiums excluding return premiums and reinsurance in course of collection December 31 not more than three months due Deduct cost of collection commission brok erage and all other expenses 3413446 40 678S0 78 138000 00 60000 00 Net amount of uncollected premiums not more than three months due Gross assets 78000 00 3559327 18 Total admitted assets 559327 18COMPTROLLERGENERALS REPORT 41 VNONLEDGER LIABILITIES 1 Losses adjusted and unpaid due not yet due 3160726 31607 26 2 Losses in process of adjustment or in sus pense including all reported and supposed losses 100773 12 3 Losses resisted not outlawed including in terest costs and other expenses thereon 16221 81 4 Total amount of claims for losses 5 Deduct reinsurance due or accrued 148602 19 8022 29 6 Net amount of unpaid losses 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running one year or less from date of policy including interest premiums on perpetual fire risks 110547581 un earned premiums fifty per cent 8 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running more than one year from date of policy 170579354 unearned premiums pro rata 552737 91 881991 72 140579 90 11 Total unearned premiums as computed 1434729 63 1575309 53 Total amount of all liabilities 23 Jointstock capital actually paid up in cash 1000000 00 25 Divisible surplus 954017 65 1984017 65 Total 3559327 18 Business in the Slate of Georgia during the year Fire and Tornado Risks 1086800 00 13802 55 9517 20 8283 88 15 Gross risks written 16 Gross premiums received 17 Losses paid 18 Losses incurred BUSINESS IX GEORGIA FOR YEAR ENDING ATRIL 30 1898 Risks 104390000 Premiums Losses Tax 10190 10 131 19 THE DELAWARE INSURANCE COMPANY OF PHILADELPHIA PA ICAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 702875 00 IIASSETS 1 Market value of real estate owned by the company 160000 0042 COMPTROLLERGENERALS REPORT 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans In terest accrued thereon 4 Value of lands mortgaged exclusive of build ings and perishable improvements 258500 00 5 Value of buildings mortgaged insured for if 104000 as collateral 133500 00 6 Total value of said mortgaged premises 392000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 11 Total par and market value of stocks bonds and all other securities except mortgages and amount loaned thereon 12 Cash in companys principal office 298 44 13 Cash belonging to the company deposited in bank Bank of N America 3483854 Girard Nat Bank 3384880 Peun Nat Bank 1646780 First Nat Bank Chi cago 60S800 Lowry Banking Co At lanta Ga 974100 Total 100984 14 Total cash items 17 Cash in hands of agents and in course of transmission 18 Bills receivable not matured taken for fire marine and inland risks All other assets both real and personal viz Rents due and accrued 72918 sundry book accounts 284631 premiums on perpetual policies in course of collection 14 131200 00 1932 64 1027511 75 55000 00 101282 58 156212 89 1469 27 4463 63 Total assets of the company actual cash market value 1639172 76 IIILIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 0 7 6307 00 683S0 00 8000 00 82687 00 8432 00 Deduct reinsurance thereon Net amount of unpaid losses 74255 00 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy Unearned premiums fifty per cent 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 61603412 Unearned premiums pro rata 11 Total unearned premiums as computed above carried out 580280 45 16 Cash dividends to stockholders remaining unpaid 97 00 514579 54 2572S9 77 322990 68COMPTROLLERGENERALS REPORT 43 19 All other demands against the company absolute and con tingent due and to become due admitted and contested Amount reclaimable by insured on perpetual policies 20 Total amount of all liabilities except capital stock scrip and net surplus 21 Joint stock capital actually paid up in cash 23 Surplus beyoud capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of collec OnFire Risks tion at close of last previous year as shown by that years statement 161461 97 3 Net collected 16146197 4 Grcss premiums on risks written and r newed during the year 936t24 23 5 Total098286 20 6 Deduct premiums and bills in course of col lection at this date 156212 89 7 Entire premiums collected during the year 8 Deduct reidsurance and return premiums 942073 31 222189 23 9 Net cash actually received for premiums 719884 08 10 Received for interest on bonds and mortgages 11 Received for interests and dividends of stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents 174273 mis cellaneous 165292 net premiums on perpetual poli cies 815505 Total Aggregate amount of income actually received during the year in cash V EXPENDITURES DURING THE YEAR 15 404372 51 1 Gross amount actually paid for on Fire Risks losses including 4802757 losses occurring in previous years 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 530427 and all amounts actually received for rein surance in other companies 4534551 total deductions On Marine and Inland Risks 2830 57 45345 51 5304 21 Net amount paid during the year for losses 359027 00 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 23189 67 94866 88 772689 00 702875 00 163608 76 163917 76 719884 47491 02 11550 70 778925 80 2533 64 356193 42172 5044 COMPTROLLERGENERALS REPORT 6 Paid for commissions or brokerage 154266 82 7 Paid for salaries fees and other charges of officers clerks agents and other employees 76 331 59 8 Paid for State National and local taxes in this and other States 25212 06 9 All other payments and expenditures 64827 71 Aggregate amount of actual expenditures during the year iQ cash 719304 04 Business in the Stale of Georgia during the Year Fire Eisks Fire Marine and Inland risks written 1893049 00 Premiums received 32109 56 Losses paid 18809 43 Losses incurred 20275 10 BUSINESS IN GEORGIA FOE YEAR ENDING APRIL 30 189S Eisks 1286266 00 Premiums 17932 73 Losses 14602 49 Tax 179 32 THE FIRE ASSOCIATION OF PHILADELPHIA PA ICAPITAL 1 Whole amount of capital stock 500000 00 2 A mount paid up in cash 500 000 00 11ASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 276800 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 2 10S 135 51 3 Interest due on all said bond and mortgage loans2183706 interest accrued thereon 2926860 total 51105 m 4 Value of lands mortgaged exclusive of build ings and perishable improvements 23335SS 00 5 Value of buildings mortgaged 2901489 00 6 Total value of said mortgage premises carried inside 5235077 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2646113 12 12 Cash in companys principal office 60713 57 13 Cash belonging to the company deposited in bank Fidelity Trust S D Co 143 73037 Real Estate Trust Co 1036003 Merclnaits Natl Bank 10162280 total 255713 oq Total cash items 310 403 77 15 Interest due and accrued on stocks not included in market value uncollected 22 jyg ggCOMPTROLLERGENERALS REPORT 45 16 17 Interest due and accrued on collateral loans and uncollected Cash in hands of agents and in course of transmission All other assets both real and personal viz Rents due and accrued 180150 due from other companies for re insurance on losses already paid and for salvage 3 29624 Total assets of the company actual cash market value 640 70 623588 33 5098 44 6239334 51 IIILIABILITES Losses due and unpaid Gross losses in process of adjustment or in suspense including all reported and sup posed losses Losses resisted including interest costs and other expenses thereon Total gross amount of claims for losses Deduct reinsurance thereon 115668 IS 122425 95 47668 42 285762 54 381S8 27 Net amount of unpaid losses Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy Unearned premiums fifty per cent Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 196197343 unearned premiums pro rata 247574 27 247574 27 1911335 61 955667 80 1034874 15 11 Total unearned premiums as computed above carried out Amount reclaimable by the insured on perpetual fire in surance policies being 90 and 95 per cent of the premi um record 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commission brokerage and other charges due and to become due to agents and brokers on premiums paid and in course of collection 11228389 net premiums 6968680 reinsurance 5649287 total 1900541 94 1950807 57 238463 56 20 Total amount of all liabilities except capital stock scrip and net surplus 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of collec tion at close of last previous year as On Fire Bisks shown by that years statement 708206 55 4427387 35 500000 00 1311917 16 6239334 5146 3 Net collected 4 Gross premiums on risks written and renew ed during the year COMPTROLLERGENERALS REPORT 703206 55 3394666 92 5 Total 4102873 42 6 Deduct premiums and bills in course of col lection at this date 623588 33 7 Entire premiums collected during the year 8 Deduct reinsurance and return premiums 9 Net cash actually received fdr premiums carried out 2652479 65 2652479 65 10 Received for interest on bonds and mortgages 125 074 82 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 134 903 96 12 Income received from all other sources omitting increase if any in value of securities 3479385 14 826805 49 11169 00 15 Aggregate amount of income actually received during the year in cash 2923627 43 V EXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 19894841 losses occurring in On Fire Risks previous years 1470599 19 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 758369 and all amounts actually received for reinsurances in other companeis 11195S09 total deductions 119541 78 3 Net amount paid during the year for losses 1351057 41 1351057 41 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 6 Paid for commission or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Advertising and printing 305r890 miscellaneous 14632247 total 200 COO 00 580931 73 159739 93 75532 58 176921 37 Aggregate amount of actual expenditures during the year in cash 2544183 02 Business in the State of Georgia During the Year Fire marine and inland risks written 2 347 371 00 Premiums received gross 35565 87 Losses paid j0 q g Losses incurred 12381 22 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks Premiums Losses Tax 2560558 00 35226 36 23586 57 352 26COMPTROLLERGENERALS REPORT 47 FIREMANS FUND FIRE INSURANCE COMPANY OF SAN FRANCISCO CALIFORNIA ICAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 00 ii ASSBTg 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans 676977 interest accrued thereon 255292 total 4 Value of lands mortgaged exclusive of build ings and perishable improvements 963500 00 5 Value of buildings mortgaged insured for 117500000 as collateral 259000 00 6 Total value of said mortgaged premises carried inside 1222500 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 11 Total par and market value of stocks bonds and all other securities except mortgages and amount loaned thereon 13 Cash in companys offices San Francisco 219393 Chicago 235542 Boston 85973 Macon Ga 52032 5929 40 12 Cash belonging to the company deposited in bank Bank of California S F 3583985 San Francisco National Bank S F 12 21193 AngloCalifornian Bank limited S F 3354749 Crocker Woolworth Na tional Bank S F 5330158 Savings and Loan Society S F 1000000 San Francisco Savings Union S F 1500000 Merchants National Bank Chicago 32 84821 Shawmut National Bank Boston 5937203 National Park Bank N Y 9405432 I C Plants Son Banker Macon Ga 773120 Total 353906 61 Total cash items 15 Interest due and accrued on stocks not included in market value uncollected 17 Cash in hands of agents and in course of transmission 18 Bills receivable not matured taken for fire marine and inland risks All other assets both real and personal viz Rents due and accrued due from other companies for re insurance on losses already paid warrants 307545 fire premium notes 1088854 and open accounts 755577 total 379200 00 463484 85 9322 69 1913480 00 160689 34 359836 01 540 51 396538 27 3368fl 45 21519 76 Total assets of the companyactual cash market value 3 738300 8848 COMPTROLLERGENERALS REPORT 8 10 11 ID 20 21 23 24 3 IIILIABILITIES Losses due and unpaid 34569 70 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 131551 30 Losses resisted including interest costs and other expenses thereon 7000 00 Total gross amount of claims for losses 173121 00 Deduct reinsurance thereon 37776 29 Net amount of unpaid losses 135344 71 13534J 71 Gross premiums without any deduction re received and receivable upon allunexpired fire risks running one year or lets from date of policy 1020525 47 Unearned premiums fifty per cent 510262 68 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 129164718 unearned premiums pro rata 637268 12 Gross premiums without any deduction in cluding both cash and bills received and receivable upon all unexpired inland navi gation and time hull risks 5144488 marine risks 102889 76 Gross premiums without any deduction re ceived and receivable on all unexpired marine risks 37780 S3 Total unearned premiums as computed above carried out 1 232756 51 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions brokerage and other charges due and to become due to agents and brokers or premiums paid and in course of collection 5490304 marine bills pay able 316073 agents credit balances and deposits 30 08616 voluntary reserve to effect cut rates in Cali fornia 2500000 total 113149 93 Total amount of all liabilities except capital stock scrip and net surplus 1481251 15 Joint stock capital actually paid up in cash 1000000 00 Surplus beyond capital and all other liabilities 1257049 73 Aggregate amount of all liabilities including capital paid up and net surplus 3738300 88 IVINCOME DURING THE YEAR On Fire Risks On Marine and Inland Risks Gross premiums and bills in course of collection at close of last previous year as shown by that years state ment 323234 43 78006 55 Net collected 323234 43 78606 55COMPTROLLERGENERALS REPORT 49 4 Gross premiums on risks writ ten and renewed during the year 2050058 39 514678 62 5 Total 2373298 82 593285 17 6 Deduct premiums and bills in course of collection at this date 345027 87 85199 85 7 Entire premiums collected during the year 2028264 95 508085 32 8 Deduct reinsurance and return premiums 589959 16 99636 70 9 Net cash actually received for premiums carried out 1438305 79 308448 62 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources 1746754 41 29168 34 111099 41 25107 50 15 Aggregate amount of income actually received during the year in cash 1912129 66 EXPENDITURES DURING THE YEAR On Fire Risks Gross amount actually paid for losses including 956250 losses occurring in previous years Deduct all amounts actually re ceived for salvages whether on losses of the last or of pre vious year 8 105 17 and all amounts actually re ceived for reinsurances in other companies 247 20523 total deductions Net amount paid during the year for losses On Marine and Inland Risks 802093 79 376490 92 108562 06 146748 34 693531 73 229742 58 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for Stats national and local taxes in this and other States 9 All other payments and expenditures Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the Year Fire Risks Aggregate Fire marine and inland risks written 2479504 00 2479504 00 Premiums received gross 40112 54 40112 54 Losses paid 19851 74 19851 74 Losses incurred 21826 49 21826 49 923274 31 120000 00 232150 53 209712 05 41294 48 174121 19 1700552 5650 COMPTROLLERGENERALS REPORT BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks 2684346 00 Premiums 42802 26 Losses 20293 60 Tax 428 02 GEORGIA HOME FIRE INSURANCE COMPANY OF COLUMBUS GA ICAPITAL 1 Whole amount of capital stock 300000 00 2 Amount paid up in cash IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 9 Total par and market value of all stocks and bonds owned absolutely by the company carried out at market value 10 Amount of stocks bonds and all other securities except mortgages hypothecated to the company as collateral security for cash actually loaned by the company with the par and market value of the same and the amount loaned on each 300000 00 132100 00 169295 31 606647 05 Total Par Value Ga Home stock 27000 00 Nat Bank of Cols and N H Land Co stock 19500 00 Rent notes Personal security Total Amount Market Value Loaned Thereon 45900 00 32000 00 20250 00 2937 51 17714 25 2937 51 22149 50 11 13 L5 17 Total par and market value and amount loaned thereon Cash belonging to the company deposited in Nat Bank of Columbus 1243491 Mercantile Nat Bank of New Yoik 3616406 Total cash items Interest due and accrued on stocks not included in mar ket value uncollected C Schornburg acet Cash in hands of agents and in course of transmission 74801 26 48598 97 10000 00 53806 77 Total assets of the company actual cash market value 1110074 94 IIILIABILITIES Gross losses in process of adjustment or in suspense including all reported and sup posed losses 4 Total gross amount of claims of losses 5 Deduct reinsurance thereon 42135 58 42135 58 3393 50 Net amount of unpaid losses Gross premiums without deduction received and receivable upon all unexpired fire risks running one year or less from date of policy Unearned premiums fifty per cent 38724 08 188767 94383COMPTROLLERGENERALS REPORT 51 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 23329390 unearned pre miums prorata 122104 79 11 Total unearned premiums as computed above carried out 15 Dividends declared and remaining uncalled for 18 Money on deposit drawing interest at 4 per cent Total 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital an 1 all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus 1110074 94 216488 77 3880 50 195137 46 454248 81 300000 00 355826 13 IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 2 Deduct amount of same not collected 3 Net collected 4 Gross premiums on risks written and re newed during the year 5 Total 6 Deduct premiums and bills in course of col lection at this date 7 Entire premiums collected during the year cash notes 8 Deduct reinsurance and return premiums On Fire Risks 17901 05 2550 43 15350 62 341160 73 356511 35 14825 58 341685 77 77623 26 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 2784811 losses occurring in pre vious years 192076 22 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year and all amounts actually received for reinsurance in other companies total deductions 23590 18 264062 51 8883 23 29236 59 7024 94 309207 2752 COMPTROLLERGENERALS REPORT 3 Net amount paid during the year for losses 168486 04 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 36000 00 6 Paid for commissions or brokerage 38007 98 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 36478 53 8 Paid for State national and local taxes in this and other States 12828 80 9 All other payments and expenditures 8105 73 Aggregate amount of actual expenditures during the year in cash 299907 08 BUSINESS IN THE STATE OP GEORGIA DURING THE YEAR Fire Risks Fire marine and inland risks written 4991792 00 Premium received gross 65597 57 Losses paid 25 921 28 Losses incurred 25 06 08 Business in Georgia for Year Ending April 30 1898 Risks 4079800 00 Premiums 64167 98 Losses 30123 28 Tax 641 67 THE GERMAN AMERICAN FIRE INSURANCE COMPANY OF NEW YORK N Y ICAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 15000 00 2 Loans on bonds and mortgage 58000 00 3 Interest due on all said bond and mortgage loans in terest accrued thereon 84489 total 844 89 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 6969603 00 12 Cash in companys principaloffice 14782 05 13 Cash belonging to the company deposited in the following banks In National Bank of Commerce New York 19240275 in Ger man American Bank of New York 2907325 in Mercantile Trust Company of New York 371263 in National Bank of America Chi cago 3547415 in Wells Fargo Com panys Bank San Francisco 578032 in AngloCalifornia Bank limited San Fran cisco 490881 total 271351 91 Total cash items 286133 96COMPTROLLERGENERALS REPORT 53 15 Interest due and accrued on stocks not included in mar ket value uncollected 17 Cash in hands of agents and in course of transmission 10136 17 494981 10 Total assets of the company actual cash market value 7834699 12 IIILIABILITIES 1 Losses due and unpaid 70450 72 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 205992 18 3 Losses resisted including interest costs and other expenses thereon 34502 40 4 Total gross amount of claims for losses 310945 30 5 Deduct reinsurance thereon 8330 87 6 11 17 19 Net amount of unpaid losses Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy2155119 68 Unearned premiums fifty per cent 1077559 84 Gross premiums without any deduction received and re ceivable upon all unexpired fire risks running more than one year from date of policy 298546590 unearned premiums pro rata 152412997 Total unearned premiums as computed above carried out Due and accrued for salaries rent a ivertising and for agency and other miscellaneous expenses All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions brokerage and other charges due and to become due to agents and brokers on premiums paid and in course of collection 9595989 return pre miums 1458396 reinsurance 10780744 total 302614 43 2601689 81 33044 21 20 Total amount of all liabilities except capital stock scrip and net surplus 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR On Fire Risks 1 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 453060 71 2 Deduct amount of same not collected 5378 84 218351 29 3155699 74 1000000 00 3678999 38 7834699 12 3 Net collected 447681 87 4 Gross premiums on risks written and renewed during the year 3927062 25 5 Total4374744 1254 COMPTROLLERGENERALS REPORT 6 Deduct premiums and bills in course of collec tion at this date 494981 10 7 Entire premiums collected during the year 3879763 02 8 Deduct reinsurance and return premiums 1158793 78 9 Net cash actually received for premiums car ried out2720969 242720969 24 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 278838 41 12 Income received from all other sources omitting increase if any in value of securities viz Rents 33019 total 330 19 15 Aggregate amount of income actually received during the yearincash 3000137 84 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses includ ing 22193734 losses occurring in previous years 1473974 47 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 876021 and all amounts actually received for reinsurances in other companies 22590763 total deductions 234667 84 3 Net amount paid during the year for losses 1239306 63 1239306 63 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 25000000 250000 00 i Paid for commissions or brokerage 456719 68 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 183277 31 8 Paid for State national and local taxes in this and other states 83730 68 9 All other payments and expenditures viz Rent station ery advertising traveling expenses general agents etc 267961 28 Aggregate amount of actual expenditures during the yearincash 2480995 58 Butiness in the State of Georgia During the Year Fire marine and inland risks written2314477 00 Premiums received gross 37782 11 Losses paid 1728 87 Losses incurred 13 375 87 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks22502C7 00 Premiums 37 722 14 Losses 18895 36 Tax 377 22COMPTROLLERGENERALS REPORT 55 GERMANIC FIRE INSURANCE COMPANY OF NEW YORK N Y ICAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 615000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 299100 00 3 Interest due on all said bond and mortgage loans interest accrued thereon 695625 total 6956 25 4 Value of lands mortgaged exclusive of buildings and perishable improvements 193500 00 5 Value of buildings mortgaged insured for 28900000 as collateral 326500 00 6 Total value of said mortgaged prem ises carried inside 520000 00 9 Total par and market value of stocks and bonds owned absolutelv by the company carried out at market value 3075475 00 12 Cash in companys principal office 3294 66 13 Cash belonging to the company deposited in Bank National Park Bank 64298 67 German American Bank 9139 21 First National Bank of Chicago 27800 48 Total cash items 14 Amount of premium notes upon which policies have been issued 15 Interest due and accrued on stocks not included in market value uncollecte I All other assets both real and personal viz Rents due and accrued S326809 cash in hands of department mana gers 1641593 Total assets of the company actual cash market value 104533 02 215470 85 2500 00 19684 02 4338719 14 LIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and sup pose losses 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire riskes running one year or less from date of policy 760208 81 Unearned premiums fifty per cent 380104 40 20304 39 35007 53 13450 00 68761 92 7508 62 61253 3056 COMPTROLLERGENERALS REPORT 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 196239184 unearned premiums pro rata 1031804 24 11 Total unearned premiums as computed above carried out 1411908 64 18 Amount of interest on mortgage on property 62 William St 1075 00 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions brokerage and other charges due and to become due to agents and brokers on premiums paid and in course of collection total 30748 84 20 Total amount of all liabilities except capital stock serif and surplus 1504985 78 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 1833733 3 24 Aggregate amount of all liabilities molding capital paid up and net surplus 433S719 14 IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of col lection at close of last previous year as On Fire Risks shown by that years statement 200239 70 3 Net collected 200 239 70 4 Gross premiums on risks written and renewed during the year 1622051 87 5 Totalv 1822291 57 6 Deduct premiums and bills in course of col lection at this date 231261 10 7 Entire premiums collected during the year 1591030 47 8 Deduct reinsurance and return premiums 431592 62 9 Net cash actually received for premiums car ried out 1159437 85 1159437 85 10 Received for interest on bonds and mortgages ig 573 12 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 130583 73 15 Aggregate amount of income actually received during the year in cash 1306594 70 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 5411837 losses occuring in pre On Fire Riks vious years 491i93s 53 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous years 267990 and all amounts actually received for reinsurance in other companies 5744283 total deductions 60122 73 3 Net amount paid during the year for losses 431815 80 431815 80 COMPTROLLERGENERALS REPORT 57 4 Cash dividends actually paid stockholders amount of stock 120000 00 6 195696 98 7 Paid for salaries fees and other charges of officers clerks 125714 14 8 Paid for State national and local taxes in this and other 20464 50 9 All other payments and expenditures viz Advertising agency and office expenses fire patrol printing and sta tionery postage and express traveling rents and board 83311 94 Aggregate amount of actual expenditures during the year 977003 36 Business in the State of Georgia During the Year j 1 696519 00 10086 94 1193 76 2383 21 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 189J 1184472 00 Pr Lo 14924 62 2968 73 149 24 GLENS FALLS FIRE INSURANCE COMPANY OF GLENS FALLS N Y ICAPITAL 1 200000 00 2 IIASSETS 1 Market value of real estate owned by the company less s 1 58750 CO 11 1 2 Loans on bond and mortgage duly recorded and being first 1144366 18 0 1 3 Interest due on all said bond and mortgage loans 505922 5819 11 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1518717 31 10 Amount of stocks bonds and all other securities except mortgages hypothecated to the company as collateral security for cash actually loaned by the company with the par and market value of the same and the amount loaned on each Total Total Amount Par Market Loned Value Value Therein Morris Essex R R first mort 11 gage bonds 3000 00 4200 00 4000 00 l 1 Total par and market value and amount loaned thereon 4000 00 58 COMPTROLLERGENERALS REPORT 12 Cash in companys principal offices at Glens Falls and Chicago 4353 82 13 Cash belonging to the company deposited in bank First Nat Bank Glens Falls 231 01363 First Nat Bank Chicago 21 80404 total 252817 67 Total cash items 257 171 49 15 Interest due and accrued on stocks not included in mar ket value uncollected 17 Cash in hands of agents and in course of transmission 18 Bills receivable not matured taken for fire marine and inland risks All other assets both real and personal viz Rents due and accrued due from other companies for reinsurance on losses already paid 3037 972 21 Deduct from item No 2 for bad and doubtful debts 8400 00 89434 95 1313 17 and securities 20000 00 Total assets of the company actual cash market value 3067972 21 IIILIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 Losses resisted including interest costs and other expenses thereon 13541 33 35612 00 6534 25 4 5 Total gross amount of claims for losses Deduct reinsurance thereon 55687 58 5882 07 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 396502 02 Unearned premiums fifty per cent 198251 01 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 140011808 unearned pre miums pro rata 719512 16 49805 51 11 Total unearned premiums as computed above carried out 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions brokerage etc due to agents and brokers on premiums paid and in course of collection 917763 V 10000 00 13812 74COMPTROLLERGENERALS REPORT 59 20 21 23 24 Total amount of all liabilities except capital stock scrip and net surplus 991381 42 Joint stock capital actually paid up in cash 200000 00 Surplus beyond capital and all other liabilities 1876590 79 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR On Fire Risks Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement Deduct amount of same not collected 3067972 2L Net collected Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 8429S 98 496 41 83802 57 987144 59 Total 1070947 16 Deduct premiums and bills in course of col lection at this date Entire premiums collected during the year Cash notes Deduct reinsurance and return premiums 92184 95 978762 21 167378 63 10 11 12 15 Net cash actually received for premiums car ried out Received for interest on bonds and mortgages Received for interests and dividends on stocks and bonds collateral loans and from all other sources Income received from all other sources omitting increase if any in value of securities viz Rents 218151 from profit and loss 42171 Total Aggregate amount of income actually received during the year in cash 811383 58 77988 46 89632 85 2603 22 981608 11 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 2892000 losses occurring in pre vious years 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 125835 and all amounts actually received for reinsurances in other companies 2685143 total deductions On Fire Risks 427319 71 28109 78 3 Net amount paid during the year for losses 399239 93 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 40000 00 6 Paid for commissions or brokerage 168107 2160 COMPTROLLERGENERALS REPORT 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenses viz Stationery travel ing advertising etc Total Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year Fire marine and inland risks written Premiums received gross Losses paid Losses incurred Risks Premiums Losses Tax BUSINESS IN GEORGIA FOE YEAR ENDING APRIL 30 1898 67051 85 42013 74 58415 59 774831 32 Fire Risks 510342 00 6417 43 3633 88 3348 88 522782 00 6526 32 7801 86 65 26 THE GREENWICH FIRE INSURANCE COMPANY OF THE CITY OF NEW YORK N Y ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 200000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 11 Total par and market value of stocks bonds and all other securities except mortgages and amount loaned thereon 12 Cash in companys principal office 5187 46 13 Cash belonging to the company deposited in National Broadway Bank 61874 28 Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected 18 Bills receivable not matured taken for fire marine and inland risks Gross premiums in course of collection on policies written within three 200000 00 200000 00 1043895 00 5000 00 67061 74 437 50 22015 54 months Less contingent upon poor collections 151275 73 5000 00 146275 73 Total assets of the company actual cash market value 1484685 51COMPTROLLERGENERALS REPORT 61 6649 53 122841 89 40039 84 169531 26 13890 93 534927 267463 9 11 19 IIILIABILITIES Losses due and unpaid Gross losses in process of adjustment or in suspense including all reported and sup posed losses Losses resisted including interest costs and other expenses thereon Total gross amount of claims for losses Deduct reinsurance thereon Net amount of unpaid losses Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy Unearned premiums fifty per cent Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 66366747 unearned pre miums pro rata Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired inland navigation and marine risks 38879319 unearned premium Total unearned premiums as computed above carried out All other demands against the company absolute and con tingent due and to become due admitted and contested viz Amount reclaimable on perpetual policies being90 per cent of deposit 93150 taxes 500000 commis sions on uncollected premiums 2750000 return pre miums 5958350 bills payable 175340 contingencies 500000 total 331287 34 44396 59 155640 33 643147 91 49768 40 20 Total amount of all liabilities except capital stock scrip and net surplus 848556 64 21 Joint stock capital actually paid up in cash 200000 00 23 Surplus beyond capital and all other liabilities 436128 87 24 Aggregate amount of all liabilities including capital paid up and net surplus 1484685 51 IVRECEIPTS DURING THE YEAR Fire 1 Gross premiums and bills un paid at close of last year as shown by income 6 of that years statement 159879 13 2 Deduct amount of same not col lected 3700 44 Marine and Inland 3 Net collected 122873 69 4 Gross premium on risks written and renewed during the year 964565 83 5 Total 1087439 52 7211 72 462 60 6749 12 154696 80 161445 92 62 COMPTROLLERGENERALS REPORT Deduct gross premiums and bills in course of collection at this date 154509 23 9222 78 Entire premiums collected dur ing the year 932930 29 Deduct reinsurance rebate abatement and return pre miums 189314 47 152223 14 12922 97 9 Net cash actually received for premiums carried out 743615 82 139300 17 11 Received for interest and dividends on stock and bonds collateral loans and from all other sources 12 Income received from all other sources viz Rents 16 93752 profit loss account taxes refunded 476544 14 Aggregate amount of receipts actually received during the year in cash VDISBURSEMENTS DURING THE YEAR Fire Gross amount actually paid for losses including 122716 16 losses occurring in previ ousyears 435846 88 Deduct all amounts actually re ceived for salvages whether for losses of the last or of pre vious years 1344419 and all amounts actually received for reinsurance in other com panies 4509706 total deduc tions 39418 93 Marine and Inland 96100 40 19122 32 3 76978 08 Net amount paid during the year for losses 396427 95 4 Cash dividends actually paid stockholders 6 Paid for commissions or brokerage 7 Paid for salaries fees and all other charges of officers clerks agents and all other employees 8 Paid for State and local taxes in this and other States 9 All other payments and expenditures viz Directors fees 71000 supplies 1093676 postage 456448 rent 1200000 gas and electric light 143318 advertising 239468 traveling expense 1542319 maps 375832 office fixtures 74305 expressage 115177 telegrams 91577 N Y Board of Fire Underwriters 278811 re pairs to real estate 175581 miscellaneous 3356919 total Aggregate amount of actual expenditures during the year in cash 882915 99 40854 17 21702 96 945473 12 473406 03 20000 00 167334 54 105111 39 14820 38 92144 31 872816 65COMPTROLLERGENERALS REPORT 6S Business in the State of Georgia during the year Fire risks written 1888651 73 Premiums received gross 21850 55 Losses paid 18137 76 Losses incurred 16971 00 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks 1979011 50 Premiums 30475 46 Losses 18873 99 Tax 304 75 THE HAMBURGBREMEN FIRE INSURANCE COMPANY OF HAMBURG GERMANY 1 Whole amount of capital stock 1500000 00 2 Amount paid up in cash 300000 00 3 Amount in notes of the stockholders 1200000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 3413041 25 13 Cash belonging to the company deposited in bank Bank of America New York City N Y 62370 01 15 Interest due and accrued on stocks not included in market value uncollected 1000 00 17 Cash in hands of agents and in course of transmission 137994 25 Total assets of the company actual cash market value 1614405 51 IIILIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 Losses resisted including interesr costs and other expenses thereon 4 Total gross amount of claims for losses 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all uuexpired lire risks running one year or less from dateof policy Unearned premiums fifty per cent 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 71549218 unearned pre miums pro rata 8915 00 55795 00 15950 00 80660 00 872276 87 436138 44 370504 26 80660 0064 COMPTROLLERGENERALS REPORT 11 Total unearned premiums as computed above carried out 806642 70 19 All other demands against the company absolute and con tingent due and to become due admitted and contested 24924 83 20 Total amount of all liabilities except capital stock scrip and net surplus 912227 53 23 Surplus beyond capital and all other liabilities 702177 98 24 Aggregate amount of all liabilities including capital paid up and net surplus 1614405 51 IVINCOME DURING THE YEAH 1 Gross premiums and bills in course of col lection at close of last previous year as on Fire Risk shown by that years statement 127914 79 Net collected 127914 79 Gross premiums on risks written and renew ed during the year 1359027 85 Total 1486942 64 Deduct premiums and bills in course of col lection at this date 137994 25 Entire premiums collected during the year 1348948 39 Deduct reinsurance and return premiums 255384 11 Net cash actually received for premiums carried out 1093564 28 1093564 28 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 56231 64 Aggregate amount of income actually received dur ing the year in cash 1149795 92 VEXPENDITURES DURING THE YEAR Gross amount actually paid for losses in cluding 4093618 losses oecuning in pre vious years 554803 24 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 2534 83 and all amounts actually received for reinsurances in other companies 2028613 total reduc tions 22820 95 3 Net amnt paid during the year for losses 531982 29 531982 29 6 Paid for commission or brokerage 211502 71 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 96060 41 8 Paid for State national and local taxes in this and other States 28982 28 9 All other payments and expenditures viz Local board and fire patrol assessments rents stationery advertising printing postage telegrams expressage traveling ex penses etc 76119 37 10 Sent to home offides during the year 123311 74 Aggregate amount of actual expenditures during the year in cash 944647 06 3 4 5 6 7 8 9 11 15 1 2COMPTROLLERGENERALS REPORT 65 Buninegs in the State of Georgia During the Year Wire marine anJ inland risks written 1819467 00 Premiums received gross 34543 17 Losses paid 22104 27 Losses incurred 23834 27 BUSINESS IN GEORGIA FOR THE YEAK ENDING APKIL 30 1898 Risks 1934471 00 Premiums 37024 38 Losses 26852 33 Tax 370 24 HANOVER FIRE INSURANCE COMPANY OF NEW YORK N Y ICAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 450000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 7000 00 3 Interest due on all said bond and mortgage loans interest accrued thereon 2916 total 29 16 4 Value of lands mortgaged exclusive of buildings and perishable improvements 4500 00 5 Value of buildings mortgaged insured for 7000 as collateral 11000 00 6 Total value of said mortgaged premises carried inside 15500 00 9 Total par and market value of all stocks and bonds owned absolutely by the company carried out at market value 21K8048 00 10 Amount of stocks bonds and all other securities except mortgages hypothecated to the company as collateral security for cash actually loaned by the company with the par and market value of the same and the amount loaned on each Total Par Total Mar Value ket Value Amount Loaned Thereon Brooklyn City N Y R R Co 1st mort and cons mort bond Flint Pere Marquette R R Co cons 1st mtge 5 gold bonds 2000 00 Western Union Telegraph Co capital stock 20 shares 100 each 2000 00 Chicago Rock Island Pa cific Ry Co 1st mort Col Ex 5 bond 1000 00 Texas Pacific Ry Co 1st 1000 00 1140 00 1720 00 4000 00 mort bond 1000 00 1827 50 J 1 i 1051 15 970 00J 1500 0066 COMPTROLLERGENERALS REPORT 11 12 13 15 16 17 Total par and market value and amount loaned thereon 7000 00 6708 75 Cash in companys principal office Cash belonging to the company deposited in bank America 7270102 German Amerrican 1035590 Guarantee Trust Safe Deposit Co Philadelphia Pa 20000 total 5050 00 16189 80 83256 92 Totalcash items Interest due and accrued on stocks and bonds not included in market value uncollected Interest due and accrued on collateral loans and uncollected Cash in hands of agents and in course of transmission All other assets both real and personal as per schedule attached viz Rents due and accrued 87112 due from other companies for reinsurance on losses already paid Insurance Co of North America 215 Phenix of New York 644 Greenwich 559 Nassau N Y 365 Citizens N Y 468 North River N Y 275 Kings County 30S339 Total assets of the company actual cash market value 19 Premiums unpaid on policies issued more than three months 4612 76 5500 00 99446 72 17592 50 13 75 245899 60 4026 77 2997556 50 IIILIABILITIES 1 Losses due and unpaid 105062 25 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 79111 77 3 Losses resisted including interest costs and other expenses thereon 43042 52 8 4 5 Total gross amount of claims for losses Deduct reinsurance thereon 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 111463797 unearned pre miums fifty per cent Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 112521653 unearned pre miums pro rata 227216 87 13555 14 557318 98 599700 28 I I Total unearned premiums as computed above carried out 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions and other charges due and to become I lie on premiums paid and in course of collection 213661 73 1157019 26 42005 23COMPTROLLERGENERALS REPORT 67 20 Total amount of all liabilities except capital stock scrip and net surplus 1412686 22 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 584870 28 24 Aggregate amount of all liabilities including capital paid up and net surplus 2997550 50 IVINCOME DURING THE YEAR On Fire Risks 1 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 177513 46 2 Deduct amount of same not collected 4352 08 3 Net collected 173161 38 4 Grosspremiums on risks written and renewed during the year 1796592 61 5 Total 1969753 99 6 Deduct premiums and bills in course of col lection at this date 250512 36 7 Entire premiums collected during the year 1719241 63 8 Deduct reinsurance and return premiums 296916 32 9 Net cash actually received for premiums carried out 1422325 31 1422325 31 10 Received for interest on bonds and mortgages 350 00 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 84019 31 12 Income received from all other sources viz Rents 14 32554 profit and loss 6778825 total 67788 25 15 Aggregate amount of income actually received during the year in cash 1588808 41 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 10341981 losses occurring in pre vious years 766850 43 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 895784 and all amounts actually received for reinsurances in other companies 36111399 total deductions 45081 83 3 Net amount paid during the year for losses 721778 60 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 8000000 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 721778 60 80000 00 259557 94 143412 23 31917 5168 COMPTROLLERGENERALS REPORT 9 All other payments and expenditures viz Rents print ing stationery advertising traveling local and all other expenses 130815 50 Aggregate amount of actual expenditures during the year in cash 1867480 78 Business in the State of Georgia During the Year Fire Risks Fire marine and inland risks written 1725667 00 Premiums received gross 27771 56 Losses paid 14296 98 Losses incurred 7 059 10 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1808 Risks 1633438 00 Premiums 26047 70 Losses 20222 53 Tax 260 47 THE HARTFORD FIRE INSURANCE COMPANY OF HARTFORD CONN ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 1250000 00 1250000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 647 000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 1554590 00 3 Interest due on all said bond and mortgage loans interest accrued thereon 2893849 total 28938 49 4 Value of lands mortgaged exclusive of build ings and perishable improvements 1200000 00 5 Value of buildings mortgaged insured for 89357800 as collateral 2635075 00 Total value of said mortgaged premises carried inside 3835075 00 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 6724568 75 11 Total par and market value of stocks bonds and all other securities except mortgages and amount loaned thereon 14810 00 6 9 12 Cash on hand and in companys offices 13 Cash belonging to the company deposited in bank Cash in Hartford National Bank American National Bank Hartford Trust Company Connecticut Trust and Safe Deposit Company State Bank Hartford Conn J P Morgan A Co New York 73224 05 172462 13 142011 00 50000 00 197844 82 50000 00 40532 26COMPTROLLERGENERALS REPORT 69 lti 17 Cash in Imperial Bank Toronto Ont 6802 57 Illinois Trust Savings Bank Chicago 41094 16 Crocker Woolworth National Bank San Francisco 7065 09 American Exchange National Bank New York 34733 41 Total cash items 815769 49 Interest due and accrued on collateral loans and uncollected 56 75 Cash in hands of agents and in course of transmission 1107871 37 All other assets both real and personal viz Rents due and accrued 1034 44 Total assets of the company actual cash market value 10894629 29 IIILIABILITIES 1 Losses due and unpaid 147326 26 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 290967 85 3 Losses resisted including interest costs and other expenses thereon 72455 28 4 Total gross amount of claims for losses 510749 39 6 Net amount of unpaid losses 510749 39 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 4342511 31 unearned pre miums fifty per cent 2171270 65 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 513382207 unearned pre miums pro rata 2637813 14 11 Total unearned premiums as computed above carried out 4809083 79 19 All other demands against the company absolute and con tingent due and to become due admitted and contested 75000 00 20 Total amount of liabilities except capital stock scrip and net surplus 5394833 18 21 Joint stock capital actually paid up in cash 1250000 00 23 Surplus beyond capital and all other liabilities 4 249796 11 24 Aggregate amount of all liabilities including capital paid up and net surplus 10891629 29 IV INCOME DURING THE YEAR 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 1091613 65 2 Deduct amount of same not collected 2964 87 3 Net collected 1088648 78170 COMPTROLLERGENERALS REPORT 4 Gross premiums on risks written and renewed during the year 7286258 32 5 Total 8374907 10 6 Deduct premiums and bills in course of col lection at this date 1107871 37 7 Entire premiums collected during the year 7267035 73 8 Deduct reinsurance and return premiums 1524470 99 9 Net cash actually received for premiums carried out 5742564 74 10 Received for interest on bonds and mortgages 71498 19 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 318757 65 12 Income received from all other sources omitting increase if any in value of securities viz Rents 6735 35 15 Aggregate amount of income actually received during the year in cash 6139555 93 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 453630 85 losses occurring in pre vious years 3510161 64 2 Deduct all amounts actuallyTeceived for sal vages whether on losses of the last or of previous years and all amounts ac tually received for reinsurance in other companies 29754219 total deductions 297542 19 3 Net amount paid during the year for losses 3212619 453212619 45 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 375 00000 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 127663 34 9 All other payments and expenditures viz Printing ad vertising traveling and general expenses 506383 49 375000 00 903621 37 434730 37 Aggregate amount of actual expenditures during the year in cash 5560018 02 Business in the State of Georgia during the year Fire risks written 7830501 00 Premiums received gross 132 310 45 Lossespaid 7o508 58 69305 58 Losses incurred BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks Premiums Losses Tax 8604710 00 145531 93 70386 87 1455 31COMPTROLLERGENERALS REPORT 71 HOME INSURANCE COMPANY OF NEW YORK N Y ICAPITAL 1 Whole amount of capital stock 3000000 00 2 Amount paid up in cjsh 3000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 1744014 o5 2 loans on bond and mortgage duly recorded and being first liens on the fee simple 325612 33 3 Interest due on all said bond and mortgage loans 235825 interest accrued thereon 540775 Total 7766 00 4 Value of lands mortgaged exclusive of build ings and psrishable improvements 513500 00 5 Value of buildings mortgaged insured for 19961000 as collateral 293750 00 6 Total value of said mortgaged premises carried inside 807250 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 8016321 69 11 Total par and market value of stocks bonds and all other securities except mortgages and amount loaned thereon 136725 00 13 Cash belonging to the company deposited in Continental National Bank 171397 08 American Exchange National Bank 142301 67 National Bank of the Republic 115067 71 Continental Trust Company 125396 05 Total cash items 554222 51 15 Interest due and accrued on stocks not included in mar ket value uncollected 48210 61 16 Interest due and accrued on collateral loans and uncollected 878 73 17 Cash in hands of agents and in course of transmission 495986 80 18 Bills receivable not matured taken for fire marine and inland risks2295 71 Total assets of the company actual cash market value 11332033 93 IIILIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 Losses resisted including interest eosts and other expenses thereon 4 5 Total gross amount of claims for losses Deduct reinsurance thereon 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 284032100 unearned pre miums fifty per cent 90293 32 586417 03 51614 70 728325 05 307574 00 420751 05 1420161 0072 COMPTROLLERGENERALS REPORT 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 551943300 unearned premiums pro rata 2617815 00 9 Gross premiums without any deduction in cluding both cash and bills received and receivable upon all unexpired inland navi gation and marine risks 13707000 58535 00 10 Gross premiums without any deduction re ceived and receivable on all unexpired marine risks 48639 00 11 Total unearned premium as computed above carried out 4155150 00 19 All other demands against the company abiolute and con tingent due and to become due admitted and contested viz Reinsurance 15033363 commissions 3553078 185864 41 Total 4 761765 46 21 Joint stock capital actually paid up in cash 3000000 00 23 Surplus beyond capital and all other liabilities J 3570268 47 24 Aggregate amount of all liabilities including capital paid up and net surplus 11332033 93 1 Amount of unearned premiums represented by installment notesbeing the whole amount of such notes 707115 09 IVINCOME DURING THE YEAR On On Fire Marine aDd Kisks Inland Risks 1 Gross premium and bills in course of collection at close of last previous year as shown by that years state ment 55737100 51100 57 3 Net collected 55737100 51100 57 4 Gross premiums on risks writ ten and renewed during the year 5680204 37 310590 45 5 Total 6237575 37 36169102 6 Deduct premiums and bills in course of collection at this date 447250 36 51032 15 7 Entire premiums collected during the year Cash notes 5790325 01 310658 87 8 Deduct reinsurance and re turn premiums 1415297 19 118379 94 9 Net cash actually received for premiums carried out 4375027 82 192278 934567306 75 10 Received for interest on bonds and mortgages 22 730 15COMPTROLLERGENERALS REPORT 73 11 Received for interests on stocks and bonds collateral loans and from all other sources 353413 75 12 Income received from all other sources omitting increase if any in value of securities viz Rents 16392734 total 163927 34 15 Aggregate amount of income actually received during the year in cash 5107377 99 VEXPENDITURES DURING THE YEAR On On Marine Fire Risks and Inland Risks 1 Gross amount actually paid for losses including 488734 00 losses occurring in previous years 2699459 67 129782 34 2 Deduct all amounts actually re ceived for salvages whether on losses of the last or of pre vious year 1842363 and all amounts actually received for reinsurance in other companies 60742185 to tal deductions 575468 57 50376 91 3 Net amount paid during the year for losses 212399110 79405 43203396 53 4 Cash divilends actually paid stockholders amount of stockholders dividends declared during the year 30000000 300000 00 8 Paid for commissions or brokerage 829582 36 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 405028 30 8 Paid for State national and local taxes in this and other States 103363 51 9 All other payments and expenditures viz Repairs and ex penses on real estate advertising printing stationery traveling expanses rents and miscellaneous Total 395319 27 Aggregate amount of actual expenditures during the year in cash 4236689 97 Business in the State of Georgia During the Year Fire marine and inland risks written 5748804 00 Premiums received gross 75029 55 Losses paid 40244 89 Losses incurred 48948 95 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks 5094430 00 Premiums 74256 48 Losses 61169 38 Tax 742 5674 COMPTROLLERGENERALS REPORT THK UNITED STATES BRANCH OF THE IMPERIAL FIRE INSUR ANCE COMPANY LIMITED OF LONDON ENGLAND IClAITAL 13 L Whole amount of capital stock 6000000 00 2 Amount paid up in cash 1500000 00 irASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 476631 70 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 1111807 50 Cash belonging to the company deposited in bank J P Morgan Co 447041 Union Trust Co 3648231 Chase National Bank 7411613 National Bank of Illi nois Chicago 790094 National Bank of the Republic Boston 689735 Bank of British Columbia San Fran cisco 496302 Atlanta National Bank Atlanta 386069 total 138590 85 Amount of premium notes upon which policies have been issued more than three months inside 9341 74 15 Interest due and accrued on stocks not included in market value uncollected 5091 66 17 Cash in hands of agents and in course of transmission 173090 56 18 Bills receivable not matured taken for fire marine and inland risks 954 81 All other assets both real and personal viz Rents due and accrued 374131 miscellaneous 25549 3996 80 14 Total assets of the company actual cash market value 1910166 88 IIILIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon i Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all nnexpired tire risks running one year or less from date of policy 91308016 unearned pre miums fifty per cent 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 72336146 unearned pre miums pro rata 11 Total unearned premiums as computed above cirried out 807906 48 1865 3 17 74133 98 10696 50 103483 65 3170 52 100313 13 456540 08 351366 40COMPTROLLERGENERALS REPORT 75 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions brokerage and other due and to be come due to agents and brokers on premiums paid and in course of collection 1203281 20 Total amount of all liabilities except capital stock scrip and net surplus 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR On Marine and Inland Risks 1 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 160165 67 2 Deduct amount of same not collected 12032 81 920252 42 989914 46 1910166 88 160165 67 3 Net collected 4 Gross premiums on risks written and re newed during the year 1443262 22 5 Total 1603427 89 6 Deduct premiums and bills in course of col lection at this date 182432 30 7 Entire premiums collected during the year 8 Deduct reinsurance and return premiums 1420995 59 293683 io 9 Net cash actually received for premiums carried out 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents 14 Remittances from home office during the year 30951 49 15 Aggregate amount of income actually received during the yearin cash VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 4895041 losses occurring in pre vious years 620394 68 1 Deduct all amounts actually received for sal vage whether on losses of the last or pre vious year 475163 and all amounts ac tually received for reinsurance in other companies 3630898 total deductions 41060 61 3 Net amount paid during the year for losses 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerke agents and all other employees 1127312 49 40082 78 11325 79 1178721 06 579334 0 217262 0 17501 1J76 COMPTROLLERGENERALS REPORT 8 Paid for State national and local taxes in this and other States 30341 35 9 All other payments and expenditures viz General ex penses 80982 23 30 Amount sent to home office during the year156631 18 Aggregate amount of actual expenditures during the year in cash 1005420 77 Businesi in the State of Georgia During the Year Fire risks written 1389605 00 Premiums received gross 24206 72 Losses paid 16171 85 Losses incurred 10142 35 BUSINESS IN GEORIGIA FOR YEAR ENDING APRIL 30 1898 Risks 1711500 00 Premiums 24676 05 Losses 11906 70 Tax I 246 76 INSURANCE COMPANY OF NORTH AMERICA OF PHILADEL PHIA PA 1 Whole amount of capital stock 3000000 00 2 Amount paid up in cash 3000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 540936 99 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 2386 743 49 3 Interest due on all said bond and mortgage loans 33 83939 interest accrued thereon176875l total 51526 90 4 Value of lands mortgaged exclusive of buildings and perishable improvements 5 Value of buildings mortgaged insured for 2212870 as collateral f 6053t 42 0 Total value of said mortgaged premises carried inside 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 5257190 00 11 Total par and market value of bonds stocks and all other securities except mortgages hypothecated as collateral security for cash loaned and amount loaned thereon 35000 00 13 Cash belonging to the company deposited in bank Philadelphia National Bank 12817345 Drexel Co Philadelphia 24883097 Merchants Nat Bank New York 51 15094 Union Trust CoNY 11568230 Bank of North America Phila 642002 First National Bank Erie Pa 997710COMPTROLLERGENERALS REPORT 77 Bank of Montreal Montreal Can 11 8P123 Bank of Montreal St John N B 357145 Bank of Montreal Halifax N 5 666765 London and Westminster Bank London 5760030 Brown Shipley 6 Co London 10993853 Bank of Liv erpool 2213321 AngloAmerican Bank Vienna 1300000 total 779947 15 Total cash items 779947 15 17 Cash in hands of agents and in course of transmission Fire 54619805 marine 29283675 total 836034 80 18 Bills receivable not matured taken for fire marine and in land risks 62350 08 All other assets both real and personal viz Reinsurance claims on marine losses paid 4356670 book debts due company 63924 82 107491 52 Total assets of the company actual cash market value 10057220 93 3 IIILIABILITIES Fire Losses due and unpaid 88507 62 Gross losses in piocess of adjust ment or in suspense including all reported and supposed losses 197960 33 Losses resisted including interest costs and other expenses thereon 42702 05 Marine 219900 00 4 Total gross amount of claims for losses 329170 00 219900 00 5 Deduct reinsurance thereon 11 835 and salvage claims 114 300 11835 00 114300 00 6 Net amount of unpaid losses 317335 00 7 Gross premiums without any deduction re ceived and receivable upon all unexpired lire risks running one year or less from date of policy 268960043 unearned premiums fifty per cent 1344804 72 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 309409655 unearned premiums pro rata 1575920 14 Gross premiums without any deduction in1 eluding both cash and bills received and receivable upon all unexpired inland nav igation and marine risks 253512 33 Gross premiums without any deduction re 105600 00 422935 00 9 10 ceived and receivable on all unexpired marine risks 11 Total unearned premiums as computed above carried out 3144237 1978 COMPTROLLERGENERALS REPORT I All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions brokerage and other charges due to agents and brokers 34000 reinsurance 4224868 book debts due by company 64341 Amounts reclaimable on perpetual fire insurance policies being 90 and 95 per cent of premiums received 76892 09 780559 51 20 Total amount of all liabilities except capital stock scrip and net surplus 21 Joint capital stock actually paid up in cash 23 Surplus beyond capital and all other liabilities Agggregate amount of all liabilities including capital paid up and net surplus 24 4454623 79 3000000 00 2602597 14 10057220 93 IVINCOME DURING THE YEAR On Fire Risks 3 Net collected 539059 48 4 Gross premiums on risks writ ten and renewed during the year 4690674 52 On Marine and Inland Rsks 294807 96 5 Total 5229734 00 6 Deduct premiums and bills in course of collection at this date 543198 05 2206837 68 2501645 64 155181 83 2145458 81 551106 55 9 Net cash actually received for premiums carried out 3854777 76 1595352 26 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR 7 Entire premiums collected dur ing the year 4686535 95 8 Deduct reinsurance and return premiums 831758 19 15 5450130 02 131300 70 245502 76 5826933 48 On Fire Risks Gross amount actually paid for losses including losses occurring in previous years 2089829 52 Deduct all amounts actually re ceived lotsalvages whether on 1 ses of the last or previ ous year 12705067 and all amounts actually received for insurances in other com panies 47922663 total de ductions 99669 46 On Marine and inland Risks 1934890 14 50661COMPTROLLERGENERALS REPORT 79 3 Net amount paid during the year for losses 1990160 06 1428276 303418436 36 4 Cash dividends actu illy pai 1 stockholders amount of stock holders dividends declared during the year 360000 00 6 Paid for commissions or brokerage 1019223 46 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 286750 51 8 Paid for State national and local taxes in this and other States 123346 69 9 Allother payments and expenditures viz Advertising postage stationery traveling expenses etc 316350 69 Aggregate amount of actual expenditures during the year in cash 5524107 71 Business in the State of Georgia During the Year Fire Marine and Risks Inland Risks Aggregate Fire marine and inland risks writ ten 4707822 00 1442997 00 6150819 00 Premiums received gross 69585 58 19015 45 8860103 Losses paid 30285 13 2387 66 32672 79 Losses incurred 40022 59 2387 66 42410 25 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks 7422083 00 Premiums 92284 08 Losses 68620 07 Tax 922 84 THE LANCASHIRE FIRE INSURANCE COMPANY OF MANCHESTER ENGLAND 1 Market value of real estate owned by the company less the amount of incumbrances thereon 385585 72 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 1566657 50 12 Cash in companys principal offices 996 99 13 Cash belonging to the company deposited in bank as follows Mechanics National Bank of New York 31052247 Vermilye Co Bankers N Y in name of Trustees 153 22892 Atlanta Nat Bank Atlanta Ga 1323469 Metropolitan Nat Chicago 111 2145838 AngloCalifornia Bank San F 193951 total 200383 97 Total cash items 201380 96 17 Cash in hands of agents and in course of transmission 293630 01 Special agentsbalances 653 90 Total assets of the company actual cash market value 2447908 09 6c80 COMPTROLLERGENERALS REPORT IIILIABILITIES 1 Losses due and unpaid 65170 82 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 144551 21 3 Losses resisted including interest costs and other expenses thereon 23860 06 4 Total gross amount of claims for losses 233585 09 5 Deduct reinsurance thereon 5001 80 6 Net amount of unpaid losses 228583 29 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 151233012 unearned premi ums fifty per cent 756165 06 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 114218009 unearned pre miums pro rata 694604 96 11 Total unearned premiums as computed above carried out 1450770 02 12 Net premiums reserve and all other liabilities on perpetual insurance policies being 90 per cent of premium deposit 4002 75 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Taxes etc 5000 commissions etc 45000 50000 00 20 Total amount of all liabilities except capital stock scrip and net surplus 1733356 06 23 Surplus beyond capital and all other liabilities 714552 03 24 Aggregate amount of all liabilities including capital paid up and net surplus 2447908 09 IVINCOME DUBING THE YEAR On Fire Rsks 1 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 269507 4 3 Net collected 269507 43 4 Gross premiums on risks written and renewed during the year 2526303 51 5 Total 2795840 94 6 Deduct premiums and bills in course of collec tion at this date 293630 01 7 Entire premiums collected during the year2502180 93 8 Deduct reinsurance and return premiums 524507 20 9 Net cash actually received for premiums car ried out 1977673 731977673 73 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 50869 43COMPTROLLERGENERALS REPORT 81 12 Income received from all other sources omitting increase if any in value of securities viz Rents 829211 net total 14 Amount of remittances from home office dur ing the year 39981 25 8292 11 15 Aggregate amount of income actually received during the year in cash 2036835 27 VEXPENDITURES DURING THE YEAK On Fire Risks 1 Gross amount actually paid for losses includ ing 14798284 losses occurring in previous years 1019309 25 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous years 745027 and all amounts ac tually received for reinsurances in other companies 4595123 total deductions 53401 50 3 Net amount paid during the year for losses 965907 75 965907 75 6 Paid for commissions or brokerage 376648 66 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Office expenses traveling maps printing advertising and board assess ments total 10 Amount sent to home offices during the year 296093 63 164728 48 48176 91 137924 21 Aggregate amount of actual expenditures during the year in cash 1693386 01 Business in the State of Georgia During the Year Fire Risks Aggregate Fire marine and inland risks written3446311 00 3446311 00 Premiums received gross 40182 69 40182 69 Losses paid 31333 00 31333 00 Losses incurred 23149 00 23149 00 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks2539096 00 Premiums 37495 71 Losses 18588 63 Tax 374 95 LION FIRE INSURANCE CO OF LONDON ENGLAND ICAPITAL DEPOSIT 2i0000 00 a Amount of net ledger assets December 31st of pre vious year 1 480196 5082 COMPTROLLERGENERALS REPORT IIINCOME DURING YEAR As Shown by Books at U S Branch Office at Close of Business December 31 1 Gross premiums including bills unpaid at close of last year59848 19 3 Deduct ledger balances due Decem ber 31st 1896 24848 19 Fire 35000 00 3 Net collected 4 Gross premiums on risks written and re newed during the year 35000 00 807242 11 5 Total 807242 11 6 Deduct gross premiums including bills in course of collection at this date 50527 50 7 Entire premiums collected during the year 791714 01 8 Deduct reinsurance rebate abatement and return premiums 205213 99 9 Received for premiums other than perpetuals 586500 62 11 Rents from Cos property 284 00 12 Interest on real estate mortgage loans 10081 05 13 Interest and dividends on stocks and bonds 1599594 from all other sources 182571 17821 65 Total rents and interest Total income during the year 586500 62 28186 70 614687 32 Totalfooting 1454S83 88 IIIDISBURSEMENTS DURING YEAR As Shown by the Books at the U S Branch Office at Close of Business December 31 1 Gross amount paid for losses including Fire 4540701 occurring in previous years 352922 54 2 Deduct amounts received for salvages on losses of the last or of previous years 400003 and from reinsurance in other companies 455686S 4956S 71 Net amount paid during the year for losses 30335 83 5 Remitted to home office 6 Commissions or brokerage to agents less received on re insurances 8 Rents including for Cos use of own buildings less from subleases 9 Salaries fees and all other charges officers clerks other employes 10 Taxes on premiums on real estate 18415 on other investments 11 Insurance dept fees and agents license municipal licenses all taxes paid 303353 83 45433 11 125045 37 983 61 40695 18 184 15 15943 02COMPTROLLERGENERALS REPORT 83 12 Advertising printing and stationery 127041 legal ex penses repairs and expenses on real estate 10863 furniture and fixtures 106079 miscellaneous 3496177 40409 60 Total expenditures during the year 572039 87 Balance 882844 01 IVLEDGER ASSETS As per Ledger Accounts shown by the Books at the U S Branch Office at close of Business December 31 1 Book value real e3tate unincumbered 450000 incumbered 4500 00 2 Mortgage loans on real estate first liens 23963750 other than first liens 239637 50 4 Book value of bonds owned excluding in terest 48228750 stocks 482237 50 5 Cash in Companys office 31766 deposited in bank 13079353 131111 19 National Exchange Bank Hartford Conn 13079353 6 Bills receivable agentsdebit balances 25561 40 Deduct ledger liabilities Total 7 Agents credit balances 25358 borrowed money all other Total net ledger assets NONLEDGER ASSETS 8 Interest due 465357 and accrued on mortgages 9 Interest due 474000 and accrued 148708 on bonds and stocks 883097 59 253 58 882844 01 4653 57 6227 OS Total 14 Market value not including interest in item 9 of bonds and stocks over book value 15 Gross premiums in course of collection Ti cemb3r31 not more than three months due 50527 50 16 Deduct cost of collection commission and brokerage 13536 41 17 Net amount of uncollected premiums not more than three months due 10880 65 5152 50 Gross assets DEDUCT ASSETS NOT ADMITTED Real estate bonds and stocks 976250 other Total 9762 50 36991 09 935868 25 9762 50 Total admitted assets of the U S Branch 926105 7584 COMPTROLLERGENERALS REPORT VNONLEDGER LIABILITIES 1 Losses adjusted and unpaid due not yet due 1498380 14983 80 2 Losses in process of adjustment or in sus pense including all reported and supposed losses 38056 91 3 Losses resisted not outlawed including in terest costs and other expenses therSon 4400 00 Total amount of claims for losses Deduct reinsurance due or accrued 4 5 6 Net amount of unpaid losses 7 Gross premiums less reinsurance received and receivable upon all uuexpired fire risks running one year or less from date of policy including interest premiums on perpetual fire risks 45206491 unearned premiums fifty per cent 8 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running more than one year from date of policy 3378442 unearned premiums prorata 57440 71 4685 95 226032 45 181962 51 11 Total unearned premiums as computed above 52754 76 20 Total amount of all liabilities 21 Statutory deposit 22 Divisible surplus 210000 00 255356 03 407994 96 460749 72 465356 03 Total Business in the Stale of Georgia During the Year 7 Gross risks written 8 Gross premiums received 9 Losses paid 10 Losses incurred 926105 75 439296 00 6285 08 1367 90 1325 90 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks Premiums Losses Tax 418974 00 6165 79 1525 19 61 65 THE LIVERPOOL AND LONDON AND GLOBE FIRE INSURANCE COM PANY OF ENGLAND IIASSETS Market value of real estate swned by the company less the amount of incumbrances thereon 1745000 00 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 674 371 14COMPTROLLERGENERALS REPORT 85 3 Interest due on all said bond and mortgagelbans 312525 interest accrued thereon 4271792 total 45843 17 4 Value of lands mortgaged exclusive of building and perishable improvements 3563150 00 5 Value of buildings mortgaged 3469853 00 6 Total value of said mortgage premises carried inside 7033003 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 2576250 00 12 Cash in companys principal office 2342 39 13 Cash belonging to the company deposited in bank Continental Nat of N Y N Y Life Insurance and Trust Co and United States Trust Co First Nat Chicago First Nat Denver Lon and Sin Francisco 8F State Nat N O Whitney Nat N 0 Germania Nat Canal N O total 675289 71 Total cash items 677632 10 15 Interest due and accrued on bonds not included in market value uncollected 6050 00 16 Interest due and accrued on collateral loans and uncollected 201 38 17 Cash in hands of agents in course of transmission 940141 95 All other assets both real and personal viz Rents due and accrued 1347044 loans on life policies 170000 all other assets 120404 16374 48 Total assets of the company actual cash market value 9681864 22 IIILIABILITIES 1 Losses due and unpaid 295 00 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 621283 00 3 Losses resisted including interest costs and other expenses thereon 129935 00 4 Total gross amount of claims for losses 751513 00 5 Deduct reinsurance thereon 195415 00 6 Net amount of unpaid losses 556098 98 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 352421691 unearned pre miums fifty per cent 1762108 45 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 42372697 unearned pre miums pro rata 2127578 83 11 Total unearned premiums as computed above carried out 3889687 28 12 Net premiums reserve and all other liabilities except capi tal under the life insurance or any other special depart ment 96806 1686 COMPTROLLERGENERALS REPORT 19 Amount reclaimable by the insured on perpetual fire insur ance policies being 95 per cent of premiums on deposit received 325150 73 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Due for reinsurance 5293733 return premiums 7200000 commissions due and to become due on pre miums paid and in course of collection 11238767 due for contingent commission 4070000 reserve for liabili ties contingent but not apparent 5000000 total 328025 00 20 Total amount of all liabilities except capital stock scrip and net surplus 5195767 17 21 Surplus beyond capital and all other liabilities 4486097 05 992767 29 24 Aggregate amounts of all liabilities including capital paid up and net surplus 5195767 17 IVINCOME DURING THE YEAR On Fire Risks 1 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 2 Deduct amount of same not collected Net collected Gross premiums on risks written and renewed during the year Total Deduct premiums and bills in course of col lection at this date Entire premiums collected during the year Deduct reinsurance and return premiums Net cash actually received for premiums carried out 5194546 20 5194546 20 Received for interest on bonds and mortgages 149505 57 Received for interest and dividends on stocks and bonds collateral loans and from all other sources Income received from all other sources viz Deposit pre miums less five per cent received for perpetual fire risks carried inside 659040 total 9 3362 52 989404 I 7083753 77 21 8073157 990862 98 07 7082295 1SS7749 91 71 10 11 12 15 S0271 37 63073 80 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR Oi Fire Risks 5487396 94 Gross amount actually paid for losses in cluding 53522215 losses occurring in pre vious years 3018503 07 Deduct amounts actually received for sal vages whether on losses of the last or of previous year 2523181 and all amounts actually receivedfor reinsurance in other companies 34783583 total deductions 373067 64COMPTROLLERGENERALS REPORT 87 2645435 43 906018 69 323985 45 116464 26 324964 54 7 Paid for salaries fees and other charges of officers clerks 8 Paid for State national and local taxes in this and other 9 All other payments and expenditures viz Printing Amount of deposit premium returned during the year on perpetual fire risks carried inside 12041 69 10 Amount sent to home offices during the year 864270 68 Aggregate amount of actual expenditures during the year 4316869 37 Business in the State of Georgia During the Year BUSINESS IN GEORGIA DURING THE YEAR 6 671461 00 113266 45 61446 97 1132 66 lNCE CO LIVERPOOL AND LONDON AND GLOBE FIRE INSURE OF NEW YORK ICAPITAL 1 Whole amount of capital stock 200000 00 IIASSETS Account of Stocks and Bonds Owned Absolutely by the Company Total Par Value Total Market Value New York City 3 per cent gold redemption bonds of 1922 1081 inc int 220000 00 238150 00 238150 00 13 Cash belonging to the company deposited in bank Continental National Bank N Y 1048207 United States Trust Co N Y 900839 total cash items 19490 46 17 Cash in the hands of agents and in course of transmission 12 00 Total assets of the company actual cash market value 257652 46 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup 10 00 4 Total gross amount of claims for losses 10 00 COMPTROLLERGENERALS REPORT Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy Unearned premiums fifty per cent Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 8965 unearned premiums pro rata 784 52 392 26 75 02 11 20 21 23 24 Total unearned premiums as computed above carried out 467 28 Total amount of liabilities except capital stock scrip and net surplus 477 28 Joint stock capital actually paid up in cash 200000 00 Surplus beyond capital and all other liabilities 57175 18 Aggregate amount of all liabilities including capital paid up and net surplus 257652 46 IVINCOME DURING THE YEAR On Fire Riks Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 9 11 15 1 213 03 1 213 03 12 00 Total Deduct premiums and bills in course of col lection at this date Entire premiums collected during the year Deduct reinsurance and return premiums Net cash actually received for premiums 1067 35 Received for interests and dividends on stocks and bands collateral loans and from all other sources 1201 03 133 68 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR Paid for commissions or brokerage Paid for salaries fees and other charges of officers clerks agents and all other employes Paid for State national and local taxes in this and other States All other payments and expenditures Aggregate amount of actual expenditures during the year in cash VIMISCELLANEOUS Risks and Premiums Fire Risk Premiums Thereon Written or renewed during 1897f203500 1213 03 1067 35 8405 7a 9473 08 160 09 1275 00 250 00 1252 80 2937 89 Total 203500 1213 03COMPTROLLERGENERALS REPORT 89 4 Deduct those expired and market off as terminated in 18 57500 5 In force at end of the year 18 146000 7 Net amount in force 146000 338 86 874 17 874 17 THE LONDON ASSURANCE CORPORATION OF LONDON ENGLAND ICAPITAL S96550 448275 1 Whole amount of capital stock 2 Amount paid up in cash IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 12 Cash in companys principal office 2546 93 13 Cash belonging to the company deposited in bank Bank of New York N B A 123 52214 Merchants Bank Chicago 4436 54 Bank of British Columbia 334187 total 131299 55 28000 00 1964765 00 Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected 17 Gross premiums in course of collection 18 Bills receivable not matured taken for fire marine and in land risks All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 22401 cash in hands of special agents 8380 133846 48 5889 59 208966 62 15327 68 307 81 Total assets of the company actual cash market value 2357103 18 IIILIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 13678 44 174982 03 10690 50 199350 97 30546 31 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 60828376 unearned pre miums fifty percent 168804 66 30114190 COMPTROLLERGENERALS REPORT 10 11 12 19 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 87870547 unearned pre miums pro rata Gross premiums without any deduction re ceived and receivable on all unexpired marine risks 456442 40 35033 75 Total unearned premiums as computed above carried out 795618 03 Amount reclaimable by the insured on perpetual fire insur ance policies 95 per cent 174 go All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions 2773766 return premiums 1287 reinsurance 1876115 46 511 68 23 24 Total liabilities Surplus beyond capital and all other liabilities 1011109 17 1345994 01 Aggregate amount of all liabilities including capital paid up and net surplus 2357103 18 IVINCOME DURING THE YEAR Gross premium and bills in course of collection at close of last previous year as shown by that years statement 132522 53 On Fire On Marine and Risks Inland Risks Net collected 132522 53 Gross premiums on risks writ ten and renewed during the year 1091890 90 Total 1224413 43 Deduct premiums and bills in course of collection at this date 131654 58 Entire premiums collected dur ing the year 1092758 85 Deduct reinsurance and return premiums 200928 16 10 11 15 10722 57 107223 57 436169 48 543393 05 9263a 72 450753 33 88305 01 Net cash actually received for premiums carried out 891830 69 Recived for interest on bonds and mortgages Received for interests and dividends on stocks and bonds collateral loans and from all other sources 362448 32 1254279 01 1260 00 76194 22 Aggregate amount of income actually received during the rear in cash 1331733 23COMPTROLLERGENERALS REPORT 91 EXPENDITURES DURING THE TEAR On Fire Risks Gross amount actually paid for losses including 13549138 losses occurring in previous years 413901 55 Deduct all amounts actually re ceived for salvages whether on losses of the last or of pre vious year 1351637 and all amounts actually received for reinsurance in other compa nies 9721810 total deduc tions 40437 67 On Marine and Inland Risks 338533 35 70295 SO 3 Net amount paid during the year for losses 373463 88 268236 55 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Postage tariff advertising stationery traveling rents maps and office expenses etc 10 Amount sent to home offices during the year 290958 74 Aggregate amount of actual expenditures during the year in cash Business in the Stale of Georgia during the year Marine and Inland Risks Fire marine and inland risks written Premiums received gross Losses paid Losses incurred Fire Risks 262829 00 735086 00 3199 28 3892 03 1429 26 1007 26 6000 00 BUSINESS IN GEORGIA FOR YEAR 1898 Eisks Premiums Losses Tax 641700 43 190669 51 101538 14 31735 17 91000 00 1056672 99 Aggregate 997915 00 7091 31 1429 26 7007 26 1352758 00 9097 85 8630 43 90 97 THE LONDON AND LANCASHIRE FIRE INSURANCE COMPANY OF LIVERPOOL ENGLAND IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 279125 CO 9 Total par and market value of stocks and bonds owned abso lutely by the company carried out at market value 2018011 3592 COMPTROLLERGENERALS REPORT 12 Cash in companys principal office 21013 15 13 Cash belonging to the company deposited in bank 150932 09 market Total cash items 15 Interest due and accrued on stocks not included in value uncollected 17 Cash in hands of agents and in course of transmission 18 Bills receivable not matured taken for fire risks All other assets both real and personal as per schedule at tached viz Rents due and accrued 124974 due from other companies for re insurance on losses already paid 1496672 Transatlantic 1492169 Manchester 206 Norwalk 4195 Pacific 102 Total assets of the company actual cash market value Interest not collectable Aggregate amount of all the assets of the company stated at their actual value IIILIABILITIES 1 Losses due and unpaid and to beoome due 51806 05 2 Gross losses in process of adjustment or jn sus pense including all reported and supposed losses 76133 22 3 Losses resisted including interest costs and other expenses thereon 32817 40 171945 24 26266 65 324447 65 8074 47 16216 46 2864086 82 208 33 2863878 49 4 5 Total gross amount of claims for losses Deduct reinsurance thereon 160756 67 6494 79 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 135284824 unearned premiums fifty per cent 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 166806164 unearned premiums pro rata iim 154261 88 670424 14 843886 12 11 Total unearned premiums as computed above carried out 18 Amount of borrowed money due other companies 19 All other demands against the company absolute and contin gent due and to become due admitted and contested viz Commissions and other charges due and to become due to agents 57462 84 Return premiums 227904 reinsurance 4880146 51080 86 20 Total amount of all liabilities except capital stock scrip and net surplus 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus 1520310 26 378 06 108543 70 1783493 90 1080384 59 2853878 49COMPTROLLERGENERALS REPORT 93 ITINCOME DURING THE YEAS 1 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 311429 35 2 Deduct amount of same not colleeted 844 71 3 Net collected 310584 64 4 Gross premiums on risks written and renewed during the year 2533037 40 5 Total 2843622 04 6 Deduct premiums and bills in course of collec tion at this date 341099 85 7 Entire premiums collected during the year 2502522 19 8 Deduct reinsurance and return premiums 732080 29 9 Net cash actually received for premiums carried out 1770 11 Received for interests and dividends on stocks and bonds col lateral loans and from all other sources 81 12 Income received from all other sources omitting increase if any in the value of securities 15 15 Aggregate amount of income actually received during the year in cash 441 90 191 57 182 53 866816 00 TEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses including 10482043 losses occurring in previous years 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 8541 66 and all amounts actually received for reinsurance in other companies 12475341 total deductions 892643 67 133295 07 3 Net amount paid during the year for losses 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Kent printing stationery advertising legal and all other expenses Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the year Fire risks written Premiums received gross Losses paid Losses incurred BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks Premiums Losses Tax 759 342 140 48 122 348 60 320 67 200 69 086 57 268 55 1412225 08 2553058 00 30027 89 7296 58 7399 58 1941319 00 27810 35 13841 30 278 10 94 COMPTROLLERGENERALS REPORT THE MAGDEBURG FIRE INSURANCE COMPANY OF MAGDEBURG GERMANY IIASSETS 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 12 Cash in companys principal office 690 81 13 Cash belonging to the company deposited in Nat Union Bank of N Y 527 04 Cash in hands of trustees deposited with Central Trust Co of N Y 69337 15 Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected 17 Cash in hands of agents and in course of transmission gross premiums as written in the policies in course of col lection not more than three months due Due from special agents Total assets of the company actual cash market value IIILIABILITIES 1 Losses due and unpaid 2500 00 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3946L 00 3 Losses resisted including interest costs and other expenses thereon 3264 45 4 Total gross amount of claims for losses 45225 45 6 Net amount of unpaid losses 45225 45 7 Gross premiums without any deduction re ceived and receivable upon all unexpired lire risks running one year or less from date of policy 41518860 unearned pre miums fifty per cent 207594 31 8 Gross premiums without any deduction re ceived and receivable upon all unexpired Are risks running more than one year from date of policy 12512761 unearned premiums 82960 06 11 Total unearned premiums as computed above carried out 19 All other demands against the company absolute and con tingent due and to become due admitted and con tested viz Commissions brokerage and other charges due and to become due to agents and brokers on pre miums paid and in course of collection Total 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus 739843 75 70555 00 6275 00 64525 57 530 00 881729 32 45225 45 290554 37 13447 92 349227 74 532501 58 881729 32COMPTROLLERGENERALS REPORT 95 IVINCOME DURING THE YEAR On Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 42918 86 3 Net collected 42918 86 4 Gross premiums on risks written and re newed during the year 644313 23 5 Total 687232 09 6 Deduct premiums and bills in course of col lection at this date 65299 41 7 Entire premiums collected during the year Cash notes 621932 68 8 Deduct reinsurance and return premiums 111993 45 9 Net cash actually received for premiums carried out 509939 23 509939 23 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 17431 45 15 Aggregate amount of income actually received during the year in cash 527370 68 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 311665 losses occurring in pre vious years 146484 28 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous years 42445 and all amounts actually received for reinsurances in other companies 560045 total deduc tions 6024 90 3 Net amount paid during the year for losses 140459 38 140459 38 6 Paid for commissions or brokerage 109024 59 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 42171 32 8 Paid for State national and local taxes in this and other States 10805 51 9 All other payments and expenditures viz Advertising stationery and printing traveling and office expenses telegraph and express rents etc Total 55631 5R 10 Sent to home offices during the year 18474 99 Aggregate amount of actual expenditures during the year in cash 358092 3R 7c6 COMPTROLLERGENERALS REPORT Business in the State of Georgia during the Year Fire marine and inland risks written Premiums received gross Losses paid Losses incurred Fire Risks 924039 00 12057 31 509 48 509 48 BUSINESS IX GEOKQIA FOR YEAR ENDING APRIL 30 1898 Risks Premiums Losses Tax 889372 00 11678 89 1334 98 116 78 THE MANHATTAN FIRE INSURANCE COMPANY OF THE CITY OF NEW YORK ICAPITA 1 Whole amount of capital stock 2 Amount paid up in cash 250000 00 250000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 12 Cash in companys principal office 223 70 13 Cash belonging to the company deposited in bank as follows National Park Rank 18 63407 Columbia Bank 1827483 total 37132 60 Total cash items 17 Balances in hands of agents and in course of transmis sion All other assetsboth real and personal as follows Cash deposited with Guarantee Trust and Safe Deposit Company Philadelphia Total assets of the company actual cash market value IIILIABILITIES 1 Losses due and unpaid and to become due 15223 80 2 Cross losses in process of adjustment or in cluding all reported and supposed losses 67265 53 3 Losses resisted including interest costs and other expenses thereon 10222 42 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 92711 55 9379 74 6 Net amount of unpaid losses 15 Dividends declared and remaining unpaid or uncalled for Outstanding interestbearing receipts 18 Amount of borrowed money 641115 00 37132 60 71229 00 200 00 749676 60 83331 81 595 78 11001 70 100000 00COMPTROLLERGENERALS REPORT 97 L9 20 21 23 24 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Taxes 555928 reinsurance10452010 sundry bills due 1669754 Total amount of all liabilities except capital stock scrip and net surplus Joint stock capital actually paid up in cash Surplus beyond capital and all other liabilities Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR Reported last year as net 94319 76 Add for com etc to make gross 19599 45 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 113919 21 Net collected 113919 21 Gross premiums on risks written and renewed during the year 798106 80 Total 912026 01 Deduct premiums and bills in course of collec tion at this date 106843 50 Entire premiums collected during the year Deduct reinsurance and return premiums 805182 51 338353 96 13 15 Net cash actually received for premiums car ried out 466828 55 Received for interest and dividends on stocks and bonds collateral loans and from all other sources Income received from all other sources omitting increase if any in value of securities viz Profits on sales of bonds 934313 excess payment Broadway Insurance Company 5467 total Received for calls on capital for increase capital 2500000 total Aggregate amount of income actually received during the year in cash EXPENDITURES DURING nil year On Fire Risks 126776 92 321706 21 250000 00 177970 39 749676 60 466828 55 22978 00 9397 80 26000 00 524204 35 1 Gross amount actually paid for losses includ ing 7430742 losses occurring in previous years 405381 55 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 552910 and all amounts actually received for reinsurances in other companies 1715248 total deductions 2268158 3 Net amount paid during the year for losses 3S2699 97 382699 9798 COMPTROLLERGENERALS REPORT 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 28423 07 5V Scrip or certificates of profits redeemed in cash and in terest paid to scripholders 5519 21 6 Paid for commissions or brokerage 103935 03 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 87671 54 8 Paid for State national and local taxes in this and other States 2661172 9 All other payments and expenditures viz Furniture and fixtures 87156 legal expenses 1003460 rent 947354 advertising 261780 printing and station ery 478933 postage 382749 expense 932101 traveling expenses 1996 map 551279 com fees 29051 sta expense 780745 assessment 22924 total 59385 81 Loss on sales of bonds and ledger assets 8333 30 Aggregate amount of actual expenditures during the year in cash 702579 65 Business in the State of Georgia During the Year Fire Risks Premiums received gross490 71 Losses paid 487 89 BUSINESS IN GEORGIA FOB YEAR ENDING APRIL 30 1898 Risks200000 00 Premiums 1633 25 Tax 16 33 THE MANCHESTER FIRE ASSURANCE COMPANY OF MAN CHESTER ENGLAND ICAPITAL 1 Whole amount of capital stock 10000000 00 2 Amount paid up on cash 1000000 00 IIASSETS 2 Loans on bond and mortgage duly recorded and being fi rst liens on the fee simple 3 Interest due on all said bond and mortgage loans interest accrued thereon 820 total 4 Value of lands mortgaged exclusive of buildings and per ishable improvements at least 600 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 12 Cash in companys principal office 13 Cash belonging to the company deposited in bank Bank of British N Am San Francisco 6056 Union Nat Bank Chicago 2786177 Bank of America N V 1503956 Morton Bliss Co N Y 273900 total 350 00 20 1546517 406 50 316861 89COMPTROLLERGENERALS REPORT 99 15 Interest due and accrued on stocks not included in mar ket value uncollected 7937 50 17 Cash in hands of agents and in course of transmission gross premiums in course of collection 236506 18 17 Bills receivable not matured taken for Are marine and inland risks 731 17 All other assets both real and personal as per schedule attached viz Rents due from other com panies for reinsurance on losses already paid Hart ford2069 jEtna 312 Firemens Fund 313 Penn sylvania 11745 Nat Conn 634 Phcenix London 634 HamburgBremen 272 Royal 455 State of Illinois 285320 Fidelity la 1457 special agents 13879 sundries 281346 5984 36 Total assets of the company actual cash market value 2115303 59 IIILIABILITIES 1 Losses due and unpaid 92061 57 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 73130 32 3 Losses resisted including interest costs and other expenses thereon 57370 85 4 Total gross amount of claims for losses 222062 74 5 Deduct reinsurance thereon 19832 09 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and receivable upon all unex pired fire risks running one year or less from date of policy 105289714 un earned premiums fifty per cent 526448 57 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 105019663 unearned premiums pro rata 425864 98 11 Total unearned premiums as computed above carried out 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions brokerage etc due to agents and brokers on premiums paid and in course of collection 4171672 return premiums 1141417 re insurance 738048 total 20 Total amount of all liabilities except capital stock scrip and net surplus 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus 203230 65 1052313 55 1918 25 60511 37 1317973 82 797329 77 2115303 59100 COMPTROLLERGENERALS REPORT IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 2 Deduct amount of same not collected 273754 25 12000 00 261754 25 3 Net collected 4 Gross premiums on risks written and re newed during the year 1786946 56 Total 2048700 81 6 Deduct premiums and bills in course of col lection at this date 256068 43 7 Entire premiums collected daring the year 8 Deduct reinsurance and return premiums Id 1792632 38 451046 53 9 Net cash actually received for premiums carried out 1341585 851341585 85 10 Received for interest on bonds and mortgages 12 00 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 69594 50 15 Aggregate amount of income actually received dur ing the year in cash 1411192 35 VEXPENDITURES DURING THE YEAR Gross amount actually paid for losses in cluding 11242813 losses occurring in previous years 726397 1L Deduct all amounts actually received for salvages whether on losses of the last or of previous year 614672 and all amounts actually received for reinsur ances in other companies 6976754 total deductions 75914 26 Net amount paid during the year for losses 650482 85 650482 85 Paid for commissions or brokerage 269483 67 Paid for salaries fees and other charges of officers clerks agents and all other employees 110011 35 Paid for State national and local taxes in this and other States 57257 67 All other payments and expenditures viz Stationery postage advertising board traveling rent and sun dries total 76609 59 Amount sent to home office during the year 1154017 68 Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia During the Fire marine and inland risks writ ten Premiums received gross Losses paid Losses incurred Ye 1163845 13 1137006 00 15899 41 4164 42 4121 79COMPTROLLERGENERALS REPORT 101 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Kisks 1112175 00 Premiums 16400 77 Losses 4908 47 Tax 1640O THE NATIONAL FIRE INSURANCE COMPANY OF HARTFORD CONN ICAPITAL 1 Whole amount of capital stock 1000000 CO 2 Amount paid up in cash 1000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 252978 40 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 774015 97 4 Value of lands mortgaged exclusive of buildings and perishable improvements 1199050 00 5 Value of buildings mortgaged insured for 80740500 as collateral 1279650 00 6 Total value of said mortgaged premises carried inside 2478700 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 277112900 11 Cash in companys office 834 10 13 Cash deposited in banks viz Charter Oak National Bank 116258 93 Hartford National Bank 80954 39 Continental National Bank 38636 31 National Bank of Illinois 5501 47 Union Trust Company 7011 59 Total casli items 249196 79 17 Gross premiums in course of collection 385698 70 Total assets of the company actual cash market value 4433018 86 IIILIABILITIES 1 Losses not due and unpaid 80620 03 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 67743 34 3 Losses resisted including interest costs and other expenses thereon 19216 64 4 Total gross amount of claims for losses 167580 01 Net amount of unpaid losses 167580 01102 COMPTROLLERGENERALS REPORT Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 154906274 unearned pre miums fifty per cent 774531 37 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 190908153 un earned premiums pro rata 960413 97 1 Total unearned premiums as computed above car ried out 19 All other demands against the company absolute and con tingent due and to become due admitted and con tested viz Commissions brokerage etc 7431825 return premiums and reinsurance 5075576 Reserve fund for contingencies 20 Total amount of all liabilities except capital stock scrip and net surplus 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all paid up and net surplus labilities including capital 1734945 34 125074 01 25000 00 2052599 36 1000000 00 1380419 50 4433018 86 IVINCOME DURING THE YEAR dross premiums and bills in course of col lection at close of last previous year as shown by that years statement 379603 56 379603 56 Net collected Gross premiums on risks written and re newed during the year 2510923 39 Total 2890526 95 Deduct premiums and bills in course of col lection at this date 385698 70 7 Entire premiums collected during the year 2504828 25 8 Deduct reinsurance and return premiums 101809 22 9 Net cash actually received for premiums carried out Received for interest on bonds and mortgages Received for interests and dividends on stocks and bonds collateral loans and from all other sources Income received from all other sources viz Rents Aggregate amount of income actually received during t he year in cash VEXPENDITURES DURING THE YEAR 1 Cross amount actually paid for losses in cluding 13252441 losses occurring in previous years 1073483 04 lo 11 12 15 2103019 03 43487 96 129707 33 187 10 276401 42COMPTROLLERGENERALS REPORT 108 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 790991 and all amounts actually received for reinsur ance in other companies 9040183 total deductions 98311 74 3 Net amount paid during the year for losses 975171 30 975171 30 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 120000 00 6 Paid for commissions or brokerage 393706 91 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 187723 67 8 Paid for State national and local taxes in this and other States 62775 03 9 All other payments and expenditures viz Advertising stationery and miscellaneous 177113 71 Profit and loss 2 072 59 Aggregate amount of actual expenditures during the year in cash 1918563 21 Business hi the Sintr of Georgia during the year Fire risks written 1853661 00 Premiums received gross 21 791 85 Losses paid 13062 23 Losses incurred 15 359 9 BUSINESS IX GEORGIA FOR YEAR 1898 Kisks 2062686 00 Premiums 21 024 86 Losses 15059 60 Tax 210 24 NIAGARA FIKE INSURANCE COMPANY OF NEW YORK N Y 1 Whole amount of capital stock 2 Amount paid up in cash 500000 00 500000 00 II ASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 1000000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 302700 00 3 Interest due on all said bond and mortgage loans 3684 10 5 Value of buildings mortgaged insured for 23750000 6 Total value of said mortgaged premises carried inside 520450 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1074955 00 12 Cash in companys principal office 393 91 104 COMPTROLLERGENERALS REPORT ia Cash belonging to the company deposited in bank National Park Bank 34 871 92 Continental Trust Co 85 000 00 15 Total cash items 120265 83 Interest due and accrued on stocks not included in market 17 value uncollected etc 4202 254382 31 38 Cash in hands of agents and in course of transmission 18 Bills receivable not matured taken for fire marine and in 333 34 All other assets both real and personal viz Rents due and accrued 420498 due from other companies fur reinsur ance on losses already paid 209863 Caledonian etc and other balances 130482 7599 43 Total assets of the company actual cash market vualuo 2767722 45 IIILIABILITIKS 4 Total gross amount of claims for losses 147992 79 5 6 7 Deduct reinsurance thereon 14 930 12 133062 67 Net amount of unpaid losses Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date 01 policy 112578547 unearned premiums 8 Gross premiums without any deduction received and receivable upon all unexpired fire risks running more than one year from date of policy 137543531 unearned premiums 11 1297624 47 Total unearned premiums as computed above carried out 19 All other demands against the company absolute and contingent due and to become due admitted and contested viz Commissions etc 4324500 reinsurance 502 20 42800 reserve for contingent liability 75000 00 123269 28 Total amount of all liabilities except capital stock scrip and net surplus 1553956 42 21 Joint stock capital actually paid up in cash 500000 00 23 24 Surplus beyond capital and all other liabilities 713706 03 Aggregate amount of all liabilities including capital paid up and net surplus 2767722 45 IV INCOME DURING THE YEAR On Fire Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown 8 by that years statement 259 517 31 4 Gross premiums on risks written and renewed during the year 2 133 295 22 5 COMPTROLLERGENERALS REPORT 105 6 Deduct premiums and bills in course of collec tion at this date 254382 38 7 Entire premiums collected during the year 2138430 15 8 Deduct reinsurance and return premiums 514835 15 9 Net cash actually received for premiums carried out 1623595 00 1623595 00 10 Received for interest on bonds and mortgages 7097 05 11 Received for interests and dividends on stocks and bonds col lateral loans and form all other sources 44442 58 12 Income received from all other sources viz Rents 2732800 total 27328 OH 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURINQ THE YEAR 1702462 58 On Fire Risks 1 Gross amount actually paid for losses including loses occurring in previous years 2 Deduct all amounts actually re ceived for salvages whether on losses of the last or of pre vious year 868556 01 129231 70 On Marine and Inland Risks 7557 67 6270 47 3 Net amount paid during the year lor losses 739324 31 1287 20 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 50000 00 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Traveling rent stationery etc Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia Daring the Year 740611 51 50262 50 306868 13 158427 68 40594 51 130704 31 Fire risks written Premiums received gross Losses paid Losses incurred 1427368 64 Fire Risks 843809 00 13705 67 3190 75 2788 11 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks Premiums Losses Tax 868245 00 11298 73 5287 24 112 98106 COMPTROLLERGENERALS REPORT 40000 00 450 00 THE NORWICH UNION FIRE INSURANCE SOCIETY OE ENGLAND ICAPITAL 1 Whole amount of capital stock 5 2 Amount paid up cash 660000 00 II ASSETS Loans on bond and mortgage duly recorded and bein first liens on the fee simple 3 Interest due on all said bond and mortgage loans 300 inter est accrued thereon 150 total 4 Value of lands mortgaged exclusive of build ings and perishishable improvements 5 Value of buildings mortgaged insured for 0000 00 40000 as collateral 6 Total value of said mortgaged premises carried infide 8000000 lotal par and market value of stocks and bonds owned abso lutely by the company carried out at market value i 982 055 00 12 Cash in companys principal office 2 121 82 13 Cash belonging to the company deposited in bank Bank of New York Bank of America Bank of British North America 110135 53 75707 67 3511 83 Total cash items 15 Interest due and accrued on stocks not included value uncollected 17 Cash in hands of agents and in course of tran in market smission Total assets of the company actual cash market value HILIABILITIES 191476 85 24297 83 176602 20 2414881 88 1 Losses due and unpaid 2 Gross losses in process of adjustment or in sus pense including all reported and supposed losses 3 Losses resisted inoludin other expenses thereon g interest costs and Total gross amount of claims for losses Deduct reinsurance thereon 56322 65 45843 21 19732 43 121898 29 3217 68 Net amount of unpaid losses Gross premiums without any deductionreceived and receivable upon all unexpired tire risks running one year or less from date of policy 115955578 unearned premiums fifty per 118680 61 cent 8 Gross premiums without any deduction received and receivable upon all unexpired fire risks running more than one year from date of policy 114022123 unearned premiums pro rata 579777 89 568973 01 11 Total unearned premiums as computed above carried ont 1148750 90COMPTROLLERGENERALS REPORT lor 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 1498 01 19 All other demands against the company absolute and contin gent due and to become due admitted and contested viz State city county or other taxes and assessments 13 50535 commissions brokerage and other charges due and to become due to agents and brokers on premiums paid and in course of collection 3336826 returned premiums 782523 reinsurance 848529 total 63184 13 20 Total amount of all liabilities except capital stock and net surplus 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 1332113 65 1082768 23 2414881 88 161145 97 9 10 11 14 15 161145 97 N et collected Gross premiums on risks written and renewed during the year 1882312 90 Total 2043458 87 Deduct premiums and bills in course of collec tion at this date 190 564 84 Entire premiums collected during the year 1852894 03 Deduct reinsurance and return premiums 392587 90 Net cash actually received for premiums carried out Received for interest on bonds and mortgages Received for interests and dividends on stocks and bonds col lateral loans and from all other sources Amount of remittances from home office dur ing the year 6757 02 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR 1460306 13 1500 00 79538 53 1541354 66 1 Gross amount actually paid for losses 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 902683 and all amounts actually received for reinsurances in other companies 5396380 total deductions 859165 87 62990 63 3 Net amount paid during the year for losses 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 796175 24 259867 07 139692 17 20389 33308 COMPTROLLERGENERALS REPORT 9 All other expenditures viz Postage advertising stationery a rentet 117313 80 10 Amount sent to home office during the year 128265 56 Aggregate amount of actual expenditures during the year in Cash 1333437 61 Business in the State of Georgia during the year Fire risks written 2409925 00 1 remmms received gross 35 198 58 ssespaidi 2068i4i Losses incurred 20675 03 BUSINESS IN GEORGIA FOR THE YEAR ENDING APRIL 30 1898 uISkS 2350252 00 TPremiUms 86124 24 iSSeS 2281841 TaX 36124 CNlTED STATES BRANCH OF THE NORTH BRITISH M MERCANTILE INSURANCE COMPANY OF LONDON AND EDINBURGH ICAPITAL 1 Whole amount of capital stock 15000000 00 2 Amount paid up in cash 3437500 00 IIASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 3484 573 00 11 Gash in companys principal offices 18924 74 13 Cash belonging to the compony deposited in bank J P Morgan Co bankers N Y City 40719479 Merchants Natl Bank New York 10000 uninvested cash trust fund with T P Morgan A Co bankers 576122 total 422956 01 Total cash items Wl 15 Interest due and accrued on stocks not included in market value uncollected rio1 17 r 5491o 00 17 Gash m hands of agents and in course of transmission 395 675 17 IS Hills receivable not matured taken for lire risks l 917 87 All other assets both real and personal as per schedule attached viz Rents due and accrued due from other companies for reinsurance on losses already pad 1222 NY Coffee Exchange700 Buffalo Board 1 rid 50 Factory Ins Assn 500 Philadelphia Tariff Assn 100 Milwaukee Und Bldg Assn 181 total 1543 22 Total assets of he company actual cash market value 43SO505 01COMPTROLLERGENERALS REPORT 109 IIILIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 Losses resisted including interest costs and other expenses thereon Total gross amount of claims for losses Deduct reinsurance thereon 40794 83 158775 40 9841 90 209412 13 6651 40 202760 73 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 179588642 unearned premiums 897943 21 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 208851025 un earned premiums pro rata 1072349 98 202760 73 11 Total unearned premiums as computed above carried out 12 Reclaimable on perpetual fire insurance policies 18 Amount of borrowed money amounts to credit of special agents and resident secretaries 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions brokerage and other charges due and to become due to agents and brokers on pre miums paid and in course of collection 20 Total amount of all liabilities except capital stock scrip and net surplus 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus 1970293 19 6684 75 9691 74 80684 20 2270114 61 2110390 40 4380505 01 IVINCOME JHRING THE YKAR 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 417911 42 417911 42 3 Net collected 4 Gross premiums on risks written and re newed during the year 3031663 09 5 Total 3449574 51 6 Deduct premiums and bills in course of col lection at this date 428615 17 7 Entire premiums collected during the year 3020959 34 8 Deduct reinsurance and return premiums 543941 10110 COMPTROLLERGENERALS REPORT 9 Net cash actually received for premiums carried out 2477018 24 2477018 24 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 165704 28 15 Aggregate amount of income actually received dur ing the year in cash VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 18984121 losses occuring in pre vious years 1277025 00 2 Deduct all amounts actually received for salvage whether on losses of the last or of previous year 1130171 and all amounts actually received for reinsur ances in other companies 4865445 total deductions 59956 16 2642722 52 3 Net amount paid during the year for losses 1217068 84 1217068 84 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Local and other board expenses rent stationery supplies to agents advertising office expenses etc 110094 75 Aggregate amount of actual expenditures during the year in cash 2 022 441 75 415574 14 214306 00 65398 02 Business in the State of Georgia During the Year Fire marine and inland risks written Premiums received gross Losses paid Losses incurred 441237 00 39689 30 23944 99 28008 01 BUSINESS IX GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks 3084581 00 Premiums 43093 87 Losses 28138 33 Tax 430 93 THE UNITED STATES BRANCH NORTHERN ASSURANCE COM PANY OK LONDON ENGLAND ICAPITAL STOCK 1 Amount of capita stock authorized15000000 00 subscribed for 15000000 00 2 Amount of capital paid up in cash 1500000 00 Amount of net ledger asssets December 31 of previous year 1786650 27COMPTROLLERGENERALS REPORT 111 IIINCOME DURING THE YEAR As shown by the books at home office at close of business Deeember 31 1 Gross premiums and bills unpaid at close of previous year as shown by that years statement 218748 54 2 Deduct amount of same not collected 1834 89 3 Net collected 216913 65 4 Gross premiums written and renewed dur ing the year 1485641 59 5 Total 1702555 21 6 Deduct gross premiums and bills in course of collection at this date 213093 17 7 Entire premiums collected during the year 1489462 04 8 Deduct reinsurance rebate abatement and return premiums 474780 75 9 Received for premiums other than per petuals 1014681 29 1014681 29 11 Rents from companys property including 7000 for companys use of own buildings 7000 00 13 Interest and dividends on stocks and bonds 62715 from all other sources 40932 63124 32 Total rents and interest 70124 32 15 Received from head office during the year 33260 22 16 From all other sources viz Changes in December 1896 accounts after preparation of statement of that year 104 03 Total income during the year 1118169 86 Total footings 2904820 13 IIIDISBURSEMENTS DURING YEAR As shown by the books at home office at close of business December 31 1 Gross amount paid for losses including 5514807 occurring in previous years 655863 41 2 Deduct amounts received for salvages on losses of the last or of previous years 518646 and from reinsurance in other companies 12075082 125936 28 3 Net amout paid during the year for losses 529927 13 529927 13 7 Commissions or brokerage to agents less received on re insurances 143613 54 9 Rents including 7000 for companys use of own build ings 14400 04 10 Salaries fees and all other charges 85219 49 11 Taxes on premiums 25144 31 12 Insurance department fees and agents licenses 666403 municipal licenses 394536 tax on franchise 1 92543 12534 82 8c112 COMPTROLLERGENERALS REPORT 13 Advertising printing and stationery 960599 legal ex penses 43005 furniture and fixtures 8100 miscel laneous 9686486 15 Remitted to head office during the year 106981 90 216200 93 Total expenditures during the year 1134022 16 Balance 1770797 97 invested in the following IVLEDGER ASSETS As per ledger accounts shown by the books at home office at close of business December 31 1 Book value of real estate unincumbered 115000 00 4 Book value of bondse xcluding interest 1 382480 and stocks 202000 1584480 00 5 Cash in companys offices 1829 62 Deposited in banks Merchants Loan and Trust Co Chicago 1602624 Northern Trust Co Chicago 121068 National Bank of Commerce New York 5044585 Bank of British Columbia San Francisco 334188 71024 65 6 Bills receivable 258672 agents debit balances 83958 3426 30 Total 1775760 57 Deduct Ledger Liabilities 7 Agentscredit balances 64728 all other K31532 496260 Total net ledger assets 1770797 97 NONLEDGER ASSETS 9 Interest due 1396250 and accrued 6 85487 on bonds and stocks 20817 37 Total carried out 14 Market value not including interest in item 9 of bonds and stocks over book value 15 dross premiums in course of colled ion De cember 31 not more than three months due 207921 89 16 Deduct cost of collection commission and brokerage 27626 58 20817 37 972 50 17 Net amount of uncollected premiums not more than three months due 18 Cross premiums in course or collection December31 more than three months due carried in 700617 due from Mutual Fire Ins Co of N Y for losses paid 180295 31 630 86 Gross assets 1973514 01 Deduct Assets mil Admitted 3 Agents debit balances unsecured 816 38 Total admitted assets 1 970697 63COMPTROLLERGENERALS REPORT 113 VNONLEDGER LIABILITIES 1 Losses adjusted and unpaid due 437565 not yet due 612124 10496 89 2 Losses in process of adjustment or in sus pense including all reported and sup posed losses 100677 85 3 Losses resisted not outlawed including interest costs and other expenses thereon 22570 50 19 20 Total amount of claims for losses Deduct reinsurance due or accrued 133745 24 14772 83 Net amount of unpaid losses Gross premiums less reinsurance re ceived and receivable upon all unexpired fire risks running one year or less from date of policy including interest premi ums on perpetual lire risks 943087x3 unearned premiums fifty per cent Gross premiums less reinsurance re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 95687826 unearn ed premiums pro rata 118972 41 471543 77 467104 53 11 Total unearned premiums as computed above 18 Salaries rent expenses taxes bills accounts fees etc due or accrued Commissions brokerage and other charges due to agents and brokers on premiums paid Return premiums 2130796 and reinsur ance premiums 292747 938648 30 1500 30 24 15 24325 43 24349 58 22 Total amount of all liabilities 25 Divisible surplus 1083470 59 889227 04 Total 1972697 63 Business hi the State of Georgia During the Year 15 Gross written risks 2365216 00 16 Gross premiums received 17 Losses paid 18 Losses incurred 25199 28 14143 95 14558 95 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks Premiums Losses Tax 24526 68 14987 41 245 26114 COMPTROLLERGENERALS REPORT THE ORIENT FIRE INSURANCE COMPANY OF HARTFORD CONN ICAPITAL 1 Whole amount of capital stock 2 Amount paid up in cash 500000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans 2133 15 interest accrued thereon 345049 total 5 Value of buildings mortgaged insured for 127750 as collateral 6 Total value of said mortgaged premises carried inside No separate valua tions made 906267 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 10 Amount of stocks bonds and all other securities except mortgages hypothecated to the company as collateral security for cash actually loaned by the company with the par and market value of the same and the amount loaned on each Total Amount Total Market Loaned Par Value Value Thereon 4 shares Etna Fire In surance Co 400 00 1100 00 400 00 24 shares Adams Ex press Co 2400 00 3720 00 1350 00 500000 00 58959 43 267350 66 5583 64 1705088 63 11 Total par and market value and amount loaned thereon 2800 X 4820 00 1750 00 12 Cash in companys principaloffice 9356 33 13 Cash belonging to the company deposited in bank American National Bank 40 45292 City Bank 5418709 Farmers and Mechanics National Bank 1303600 United States Bank 71411 total 108390 12 Total cash items 17746 45 15 Interest due and accrued on stocks not included in mar ket value uncolleeted 12385 34 16 Interest due and accrued on collateral loans and uncol lected 52 50 17 Cash in hands of agents and in course of transmission 177559 94 All other assets both real and personal as per schedule attached viz Rents due and accrued 207 90 Total assets of the company actual cash market value 2346684 49COMPTROLLERGENERALS REPORT 115 IIILIABILITIES 1 Losses due and unpaid2 Gross losses in process of adjustment or in suspense in cluding all reported and supposed losses 149162 25 3 Losses resisted including interest costs and other expenses thereon 20871 25 4 Total gross amount of claims for losses 170033 50 5 Deduct reinsurance thereon 18528 14 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year from date of policy 91596954 unearned premiums fifty per cent 8 Gross premiums without any deduction re ceived and receivable upon all unex pired fire risks running more than one year from date of policy 95922789 un earned premiums pro rata 487568 29 9 Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired inland navigation and marine risks 2869531 50 per cent 151505 36 457984 77 14347 11 20 21 23 24 959900 72 Total unearned premiums as computed above carried out Total amount of all liabilities except capital stock scrip and net surplus 1111406 08 Joint stock capital actually paid up in cash 500000 00 Surplus beyond capital and all other liabilities 735278 41 Aggregate amount of all liabilities including capital paid up and net surplus 2346684 49 IVINCOME DURING THE YEAR On Fire Kisks On Marine and Inland Risks Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 268803 26 1271 18 Deduct amount of same not col lected 7054 33 Net collected 251748 93 1271 18 Gross premiums on risks written and renewed during the year 1603420 76 35754 73 Total 8r5169 69 37025 9 Deduct premiums and bills in courseofcollectionatthisdate 250472 66 3184 40 7 Entire premiums col lected during the year1604697 03 33841 51116 COMPTROLLERGENERALS REPORT 8 Deduct reinsurance and return premiums 375832 97 9 Net cash actually received for pre miums carried out1228864 06 28285 74 1257149 80 10 Received for interest on bonds and mortgages 14233 05 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 77810 12 12 Income received from all other sources omitting increase if any in value of securities viz Rents 679 19 15 Aggregate amount of income actually received during the year in cash 1349872 16 VEXPENDITURES DURING THE YEAR On Fre 1 Gross amount actually paid for losses including 12872535 losses occurring in previous years 746450 54 2 Deduct all amounts actually re ceived for salvages whether on losses of the Last or of pre vious year if934004 and all amounts actually received for reinsurance in other companies 6011816 total deductions 65625 42 On Marine an1 Inland Risk 21484 94 3832 78 3 Net amount paid during the year for losses 680825 12 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz General ex pense account 17652 16 698477 28 50000 00 240128 17 109946 75 33091 06 81895 51 Aggregate amount of actual expenditures during the year in cash 1213538 77 Business in fin State of Georgia during tin year Fire risks written 1901 535 q Premiums received gross 29159 1 1 Losses paid La003 35 Losses incurred 19917 47 BUSINESS IN GEORGIA FOR T1IE YEAH ENDING APRIL 30 1898 Hisks 1897580 00 Premiums i071 m LW 24447 86 Tax 309 71COMPTROLLERGENERALS REPORT 117 THE PACIFIC FIRE INSURANCE COMPANY OF NEW YORK N Y ICAPITAL 1 Whole amount of capital stock 200000 00 2 Amount paid up in cash 200000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans interest accrued thereon 4 Value of lands mortgaged exclusive of buildings and perishable improvements 204000 00 5 Value of buildings mortgaged insured for 259000 as collateral 288000 00 6 Total value of said mortgaged premises carried inside 492000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 10 Amount of stocks bonds and all other securities except mortgages hypothecated to the company as collateral security for cash actually loaned by the company with par and market value of the same and the amount loaned on each 259000 00 2136 75 Total Par Value 2 Syracuse Binghamton and New York R R bond 2000 00 Total Mariet Value Amount Loaned Thereon 2300 00 1000 00 2300 00 11 Total par and market value and amount loaned there on 2000 00 12 Cash in companys principal office 13 Cash belonging to the company deposited in bank Pacific Bank 1000 000 3452 18 17614 37 Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected 16 Interest due and accrued on collateral loans and uncol lected 17 Cash in hands of agents and in course of transmission Ail other assets both real and personal viz Rents due and accrued Total assets of the company actual cash market value IIILIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 14846 34 29502 37 478782 50 1000 00 21066 56 1482 50 11 67 74092 20 200 00 837772 17 318 COMPTROLLERGENERALS REPORT 3 Losses resisted including interest cost and other expenses thereon 4 5 Total gross amount of claims for losses Deduct reinsurance thereon 8669 00 53017 2038 71 1 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired Are risks running one year or less from date of policy 29001603 unearned pre miums fifty per cent 8 Gross premiums without any deduction re ceived ond receivable upon all unexpired fire risks running more than one year from date of policy 26660850 unearned premiums pro rata 145008 02 141645 47 11 17 19 20 21 23 24 7 8 9 10 Total unearned premiums as computed above carried out Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions brokerage and other charges due and to become due to agents and brokers on pre miums paid and in course of collection 1704121 re turn premiums 518645 reinsurance 548886 Total amount of all liabilities except capital stock scrip and net surplus Joint stock capital actually paid up in cash Surplus beyond capital and all other liabilities Aggregate amount of all liabilities including capital paid up and net surp us IVINCOME DURING THE YEAR On Fire Risks xross premiums and bills in course of col lection at close of previous year Deduct amount of same not collected Net collected Gross premiums on risks written and re newed during the year Total Deduct premiums and bills in course of col lection at this date Entire premiums collected during the year Deduct reinsurance and return premiums 50978 80 286653 49 7356 50 27716 42 372705 21 200000 00 265066 96 837772 17 62276 85 930 77 61346 08 484694 82 546040 90 78728 23 467312 67 95426 36 Net cash actually received for premiums Received for interest on bonds and mortgages 371886 31 12745 00COMPTROLLERGENERALS REPORT 119 398755 10 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 14123 79 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 2770563 losses occurring in previous years 180292 17 2 Deduct all amounts actually received for salvages whether on losses of the last or previous year 33501 and all amounts actually received for reinsurances in other companies 941591 total deduc tions 9750 92 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers desks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Rents 2475 advertising printing stationery 232125 legal ap vertising 27960 furniture and fixtures 200 legal expenses 50 miscellaneous 2358877 total Aggregate amount of actual expenditures during the year in casli 170541 25 20000 00 81673 56 37293 21 10333 61 28911 62 BUSINESS IN GEORGIA FOR THE YEAR ENDING APRIL 30 1898 Risks Premiums Tax 348753 25 1898 47925 00 714 24 7 14 THE PALATINE INSURANCE COMPANY LTD OF MANCHESTER ENGLAND 1 Market value of real estate owned by the company less the amount of incumbrances thereon 50000 00 3 Interest due on all said bond and mortgage loans in terest accrued thereon 50000 total 500 00 4 Value of lands mortgaged exclusive of build ings and perishable improvements 146000 00 5 Value of buildings mortgaged insured for 54 50000 as collateral 10000 00 6 Total value of said mortgaged premises earned inside 206000 00 9 Total par and market value of stocks and bonds owned abso lutely by the company carried out at market value 2215752 00120 COMPTROLLERGENERALS REPORT 12 13 Cash in companys principal office Cash belonging to the company deposited in bank Mercantile Trust Co New York 8589320 Mercantile Trustees aect of New York 118498 Royal Trust Co Chicago 6509714 London Paris and American Bank San Francisco 1929767 Anglo Californian Bank San Francisco 1179251 Canal Bank New Orleans 1000000 N O Nat Bank New Orleans 1192777 total 3020 92 205193 27 Total cash items 15 Interest due and accrued on stocks not included in market value uncollected 17 Cash in hands of agents and in course of transmission Total assets of the company actual cash market vak IIILIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in sus pense including all reported and supposed 3 Losses resisted including interest costs and other expenses thereon 16703 61 188346 07 31939 83 Total gross amount of claims for losses Deduct reinsurance thereon 236989 51 9563 27 Net amount of unpaid losses Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 170914461 unearned premiums fifty per cent Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 101307159 unearned pre miums pro rata 854572 31 504675 93 U 17 19 20 23 24 Total unearned premiums as computed above carried out Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses All other demands against the company absolute and con tingent due and to become due admitted and contested Taxes commissions and brokerage return premiums viz and reinsurance Total amount of all liabilities except capital stock scrip and net surplus Surplus beyond capital and all other liabilities Aggregate amount of all liabilities including capital paid upT and net surplus 208214 19 13357 50 385657 80 2873481 49 227420 24 1359248 25 2819 78 116365 94 1705860 20 1167621 29 2873481 49COMPTROLLERGENERALS REPORT 121 IVINCOME DURING THE YEAR On Fire Risks 1 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 422856 69 2 Deduct amount of same not collected 754 78 3 Net collected 422101 91 4 Gross premiums on risks written and renewed during the year 2496764 55 Total 2918866 46 400139 95 2518726 51 477986 27 2040740 24 1500 00 58517 17 2100757 41 6 Deduct premiums and bills in course of collec tion at this date 7 Entire premiums collected during the year 8 Deduct reinsurance and return premiums 9 Net cash actually received for premiums carried out 2040740 24 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stocks and bonds col lateral loans and from all other sources 5 Aggregate amount of income actually re ceived during the year in cash VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 24430586 losses occurring in pre vious years 1206176 25 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 1569680 and all amounts actually received for reinsurances in other companies 6318116 total deductions 78877 96 3 Net amount paid during the year for losses 1127298 29 6 Paid for commissions or brokerage 416025 51 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Printing and stationery advertising rents travel and sundries 10 Amount sent to home office during the year 253702 69 Aggregate amount of actual expenditures dur ing the year in cash 1860480 48 Business in the State of Georgia During the Year Oq Fire Risks Aggregate Fire marine and inland risks written 3051907 00 3051907 00 Premiums received gross 47277 86 47277 86 Losses paid 34020 81 34020 81 Losses incurred 30782 48 30782 48 BUSINESS IN GEORGIA FOR YKAR ENDING APRIL 30 1898 Risks 8096222 00 Premiums 47637 83 Losses 32805 84 Tax 476 37 173778 45 45309 82 98068 41122 COMPTROLLERGENERALS REPORT 11 12 13 16 17 183500 00 929600 00 18385 86 THE PENNSYLVANIA FIRE INSURANCE COMPANY OF PHILA DELPHIA PA ICAPITAL 1 Whole amount of capital stock400000 00 2 Amount paid up in casli 400000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple Interest due on all said bond and mortgage loans 8 56668 interest accrued thereon 981918 total Value of buildings mortgaged insured for 730400 as collateral Total value of said mortgaged premise carried in side2401850 00 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value Total par and market value and amount loaned thereon Cash in companys principal office 2189 20 Cash belonging to the company deposited in bank as follows Philadelphia National 28147 34 Western National 122 351 91 Total cash items Interest due and accrued on collateral loans and uncol lected Cash in hands of agents and in course of transmission 3499915 00 69350 00 152688 45 729 57 246117 16 v Total assets of the company actual cash market value VNONLEDGBB ITABILITIES Losses adjusted and unpaid 54111 26 Losses in process of adjustment or in sus pense including all reported and supposed loses 154612 14 Losses resisted not outlawed including in terest costs and other expenses thereon 13726 00 Total amount of claims for losses 222449 40 Deduct reinsurance due or accrued 14M33 22 Net amount of unpaid losses Iross premiums less reinsnrance received and receivable upon all unexpired lire risks running one year or less from date of pol icy including interest premiums on perpet ual Are risks 153570373 unearned pre miums fifty per cent 767851 87 dross premiums less reinsurance received and receivable upon all unexpired fire risks running more than one year from date of policy 136864031 unearned premiums Prorata 699852 85 5100286 04 207616 18COMPTROLLERGENERALS REPORT 123 11 Total unearned premiums as computed above 1467704 72 12 Amount reclaimable by the insured on perpetual fire in surance policies being per cent of the premiums on deposit received 823239 42 19 All other demands against the company absolute and contingent due and to become due admitted and con tested 4000 00 20 Total amount of all liabilities except capital stock scrip and net surplus 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR On Fire Risks 3 Net collected 261685 68 4 Gross premiums on risks written and renewed during the year2216195 47 2502560 32 400000 00 2197725 72 5100286 04 5 Total2477881 15 6 Deduct premiums and bills in course of col lection at this date 246117 16 7 Entire premiums collected during the year 2231763 99 8 Deduct reinsurance and return premiums 507637 04 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stock and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses 964136 21 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year and all amounts ac tually received for reinsurances in other companies 6691941 total deductions 66919 4L 3 Net amount paid during the year for losses 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 1724126 95 4236S 52 160811 67 2098 00 1929405 14 897216 80 80000 00 404101 30 13137s 00124 COMPTROLLERGENERALS REPORT 8 Paid for State national and local taxes in this and other n ftates 45887 06 9 All other payments and expenditures 64 142 26 Aggregate amount of actual expenditures during the year in cash I g22 725 42 Business in the State of Georgia During the Year Fire Risks t ire marine and inland risks written2 365 821 00 Premiums received gross 40 254 98 Losses paid 13994 39 Losses incurred y qqk 2n Risks Premiums Losses Tax BUSINESS IN GEORGIA FOR YEAR 1898 1918364 00 29016 86 22705 83 290 16 THE UNITED STATES BRANCH PHCENIX ASSURANCE COMPANY OF LONDON ENGLAND IIASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company 2 224 952 50 12 Cash in company principal office 13627 99 13 Cash belonging to the company deposited in bank American Exchange Natl Bank Bank of the State of New York 176025 96 Cash in hands of U S trustees 453081 00 Total cash items 17 Cash in hands of agents and in course of transmission All other assets both real and personal viz Rents due and accrued due from other companies for reinsurance on losses already paid 642734 95 225510 02 2330 58 Total assets of the company actual cash market value 3095528 05 IIILIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment in cluding all reported and supposed losses 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 11653 00 315170 00 42795 00 369618 00 128891 X 6 Net amount of unpaid los 240727 00COMPTROLLERGENERALS REPORT 125 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 165938035 unearned premiums fifty per cent 829690 18 8 Gross premiums without any deduction re ceived and receivably upon all unexpired Are risks running more than one year from date of policy 116752247 un earned premiums pro rata 593755 32 11 Total unearned premiums as computed above carried out 1423445 50 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Due for commissions and brokerage 39 82009 due for reinsurance 12377033 return pre miums 858412 total 172174 54 20 Total amount of all liabilities except capital stock scrix and net surplus 1836347 04 23 Surplus beyond capital and all other liabilities 1259181 01 24 Aggregate amount of all liabilities including capital paid up and net surplus 3095528 05 IVINCOME DURING THE YEAR On Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 226337 20 3 Net collected 226337 20 4 Gross premiums on risks written and re newed during the year 3282840 14 5 Total 3509177 34 6 Deduct premiums and bills in course of col lection at this date 225510 02 7 Entire premiums collected during the year 3283667 32 8 Deduct reinsurance and return premiums 1258797 46 9 Net cash actually received for premiums carried out 2024869 86 2024869 86 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 90619 90 15 Aggregate amount of income actually received dur ing the year in cash 2115489 76 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 25910488 losses occurring in previous years 1427896 27126 COMPTROLLERGENERALS REPORT 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1284710 and all amounts actually received for reinsur ances in other companies 34614229 total deductions 358989 39 3 Net amount paid during the year for losses 1068906 88 1068906 88 6 Paid for commissions or brokerage 399212 72 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 127317 57 8 Paid for State national and local taxes in this and other States 53635 00 9 All other payments and expenditures viz General ex penses printing stationery advertising traveling rents maps telegrams etc 159337 01 10 Amount sent to home office during the year 90619 90 Aggregate amount of actual expenditures during the year in cash 1799409 18 Business in the State of Georgia During tin Year Fire marine and inland risks written 1260222 75 Premiums received gross 21604 42 Losses paid 5198 04 Losses incurred 4902 00 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks 2416729 00 Premiums 31777 26 Losses 11328 91 Tax 317 77 THE PHENIX FIRE INSURANCE COMPANY OF BROOKLYN N Y ICAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 1000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 549000 00 2 Loans on bond and mortgage duly recorded and being irsl liens on the fee simple 115600 00 3 Interest due on all said bond and mortgage loans interest accrued thereon 201995 total 2019 95 4 Value of lands mortgaged exclusive of buildings and perishable improvements 77250 00 5 Value of buildings mortgaged insured for 122000 as collateral 16550000 6 Total value of said mortgaged premises carried inside 242750 00COMPTROLLERGENERALS REPORT 127 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 3949965 00 12 Cash in companys principal office 330762 National Park Bank New York 36579428 Chatham National Bank N Y 16388249 Seventh National Bank N Y 1000000 National City Bank Brooklyn 250000 Peoples Trust Company 1016393 total 555648 32 16 Interest due and accrued on collateral loans and uncol lected 9076 67 17 Cash in hands of agents and in course of transmission 564939 18 All other assets both real and personal viz Rents due and accrued 311686 due from other companies for losses already paid as follows 319508 Lincoln Insu rance Company total 6311 94 Total assets of the company actual cash market value 5752561 06 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 202634 50 3 Losses resisted including interest costs and other expenses thereon 34500 00 4 Total gross amount of claims for losses 237134 50 5 Deduct reinsurance thereon 7527 90 6 Net amount of unpaid losses 229606 60 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 202425435 unearned pre miums fifty per cent 1012127 17 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 466051774 un earned premiums pro rata 2136088 16 11 Total unearned premiums as computed above carried out 3148215 33 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 3264 84 19 All oilier demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions brokerage and other charges dm and to become due to agents and brokers on pre miums paid and in course of collection 9012333 re turn premiums 5788183 reinsurance 316184 total 151167 00 20 Total amount of all liabilities except capital stock scrip and net surplus 3532253 77 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 1220307 29 24 Aggregate amount of all liabilities including capital paid up and net surplus 5752561 06 9c128 COMPTROLLERGENERALS REPORT To be Answered by Companies Doing an Installment Business 1 Amount of unearned premiums represented by installment notesbeing the whole amount of such notes 152035 88 IVINCOME DURING THE YEAB On Fire Risks 1 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 657491 20 3 Net collected 657491 20 4 Gross premiums on risks written and renewed during the year 3838187 28 5 Total4495678 48 6 Deduct premiums and bills in course of col lection at this date 564939 18 7 Entire premiums collected during the year 3930739 30 8 Deduct reinsurance and return premiums 739748 07 9 Net cash actually received for premiums car ried out 3190991 23 3190991 23 10 Received for interest on bonds and mortgages 5808 32 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 169667 30 12 Income received from all other sources omitting increase if any in value of securities viz Rents 1728458 total l7284 58 15 Aggregate amount of income actually received during the year in cash 3383751 43 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses includ ing 18539797 losses occurring in previous years1895896 33 2 Deduct all amounts actually received or sal vages whether on losses of the last or of previous year 913467 and all amounts actually received for reinsurances in other companies 14671180 total deductions 155846 47 3 Net amount paid during the year for losses 1740049 86 1740049 86 t ash dividends actually paid stockholders amount of stockholdersdividends declared during the year 100000 00 100000 00 6 Paid for commissions or brokerage 581255 77 7 Paid for salaries fees and other charges of officersclerks agents and all other employees 301381 23 S Paid for Stiite national and local taxes in this and other States 7il22 93COMPTROLLERGENERALS REPORT 129 9 All other payments and expenditures viz Rents postage telegrams stationery printing advertising legal and all other expenses total 330055 30 Aggregate amount of actual expenditures during the year in cash 3128865 09 Business in the State of Georgia During the Year Fire Risks Aggregate Fire marine and inland risks written3639997 00 3639997 00 Premiums received gross 58419 82 58419 82 Losses paid 28988 72 28988 72 Losses incurred 37162 53 37162 53 BUSINESS IN GEORGIA FOR YEAR 1898 Risks3163285 00 Premiums 48617 41 Losses 37176 35 Tax 486 17 THE PHCENIX FIRE INSURANCE CO OF HARTFORD CONN ICAPITAL 1 Whole amount of capital stock 2000000 00 2 Amount paid up in cash 2000000 00 Market value of real estate owned by the company less the amount of incumbrances thereon Loans on bond and mortgage duly recorded and being first liens on the fee simple Interest due on all said bond and mortgage loans 340589 interest accrued thereon 300906 total Value of lands mortgaged exclusive of buildings and perishable improvements 222190 00 Value of buildings mortgaged insured for 59550 as collateral 94400 00 6 Total value of said mortgaged premises carried inside 316590 00 9 Total par and market value of stocks and bonds owned absolutely by the companycarried out at market value 11 Total par and market value and amount loaned thereon 12 Cash in companys principal office 36753 97 13 Cash belonging to the company deposited in bank 235366 92 Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected 16 Interest due and accrued on collateral loans and uncol lected and bank depositst 17 Cash in hands of agents and in course of transmission 527696 67 132340 70 6414 95 4077123 00 20200 00 272120 89 15299 65 1270 00 475026 84 130 COMPTROLLERGENERALS REPORT All other assets both real and personal viz Rents due and accrued 384294 due from other companies for Total assets of the company actual cash market value 10886 80 538379 50 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup 3 Losses resisted including interest costs and 4 Total gross amount of claims for losses 410512 36 375470 73 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 202633668 unearned 8 Gross premiums without any deduction re ceived and receivable upon all unexpired Are risks running more than one year from date of policy 240623456 un 11 Total unearned premiums as computed 20 Total amount of all liabilities except capital stock 2139993 40 2515464 13 2000000 00 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital 1022915 37 5538379 50 IVINCOME DURING THE YEAR On Fire Risks 7 Entire premiums collected during the year 2373914 24 8 Deduct reinsurance and return premiums 462727 57 9 Net cash actually received for premiums carried out 2911186 67 2911186 67 15763 62 11 Received for interests and dividends on stocks and bonds 178953 33 12 Income received from all other sources omitting increase 6057 16 15 Aggregate amount of income actually received during 3111960 78 COMPTROLLERGENERALS REPORT 131 VEXPEKDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 35152506 losses occurring in previous years 1755652 56 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 573750 and all amounts actually received for reinsur ances in other companies 10432960 total deductions 109067 10 3 Net amount paid during the year for losses 1646585 46 1646585 46 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 280000 00 6 Paid for commissions or brokerage 496704 97 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 188228 71 8 Paid for State national and local taxes in this and other States 7141 4 9 All other payments and expenditures general expenses 311240 29 Xtnreeate amount of actual expenditures during the 66 fe qq r nA year in cash 9941r au Business in the State of Georgia During the Year Fire marineand inland risks written 29t7 51 147 yl Premiums received gross OCl Losses paid 24294 03 Losses incurred BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks Premiums Losses Tax 3504743 00 53200 86 36993 25 532 00 THE QUEEN FIRE INSURANCE COMPANY OF AMERICA N Y ICAPITAL 1 Whole amount of capital stock 500000 00 500000 00 2 Amount paid up in cash 500000 00 500000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 714970 57 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 3359664 18 12 Cash in companys principal officeV 2501 43132 COMPTROLLERGENERALS REPORT 4 13 Cash belonging to the company deposited in bank as follows Farmers Loan and Trust Company New York 500000 Farmers Loan and Trust Company N Y special deposit 2500000 Corn Exchange Bank N Y 4888389 First National Bank Chicago 111 809633 Atlanta National Bank Atlanta Ga 1041197 First National Bank San Francisco Cal 38 61 Molsons Bank Mon treal Can 855367 Bank of British North America Halifax N S 645438 total 112438 85 114940 28 15 Interest due and accrued on stocks not included in market value uncollected 42032 37 16 Interest due and accrued on bank balances and unoollected 142 28 17 Cash in hands of agents and in course of transmission 319104 75 18 Bills receivable not matured taken for fire risk All other assets both real and personal viz 196 00 Rents due and accrued 289583 due from other companies for reinsurance on losses already paid 884 New Hamp shire N H 213 Caledonian Scotland 17c Na tional Fire Hartford Ct 25c Erie New York 269 Phenix Brooklyn N Y 360 total Total assets of the company actuil cash mar set value 2904 67 4553955 10 IIILIABILITIES 1 Losses due and to become due and unpaid 73585 76 2 Gross losses in process of adjustment or in suspense including all reported and supposed 82909 15 3 Losses resisted including interest costs and 4 41042 74 Total gross amount of claims for losses 197537 65 5 6 Deduct reinsurance thereon Net amount of unpaid losses 6670 16 190867 4 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date Unearned premiums fiftv per cent 727195 77 8 Gross premiums without any deduction received and receivable upon all unexpired tire risks running more than one year from date of policy 169928163 unearned premiums 846832 00 11 Total unearned premiums as computed above 1574027 77 17 Due and accrued for salaries rent advertisii g and for agency and other miscellaneous expense 23607 16 COMPTROLLERGENERALS REPORT 133 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Taxes and assessments 2370428 commissions 7453626 return premiums 1876318 reinsurance 513766 total 122141 38 20 Total amount of all liabilities except capital stock scrip and net surplus 1910643 80 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 2143311 30 24 Aggregate amount of all liabilities including capital paid up and net surplus 4553955 10 IVINCOME DURING THE YAR On Fire Risks 1 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 306300 95 2 Deduct amount of same not collected 527 91 3 Net collected 305773 04 4 Gross premiums on risks written and renewed duringtheyear 2450620 14 5 Total2756393 18 6 Deduct premiums and bills in course of collec tion at this date 327151 40 7 Entire premiums collected during the year 2429241 78 8 Deduct reinsurance and return premiums 517910 70 1911331 08 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 129914 84 12 Income received from all other sources omitting increase if any in value of securities viz Rents gross 865346 for rent expenses see Disbursements total 8653 46 15 Aggregate amount of income actually received during the year in cash 2049899 38 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses includ ing 12022435 losses occurring in previous years 1046433 60 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 538724 and all amounts actually received for reinsurances in other companies 4865463 total deductions 54041 87 3 Net amount paid during the year for losses 992391 73 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 100 00000 100000 00 6 Paid for commissions or brokerage 304964 76134 COMPTROLLERGENERALS REPORT 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other paymts and expenditures viz Rents 1945820 advertising printing and stationery 2476383 legal 121852 furniture and fixtures 549014 miscella neous 7033688 total Rent account expenses and taxes Amount written off real estate to profit and loss account Aggregate amount of actual expenditure during the year in cash 180643 86 51412 44 121267 57 14491 38 100000 00 1865171 74 Business in the Slate of Georgia during the year Fire Risks Risks 2461521 53 Premiums received gross 36503 16 Losses paid 18816 89 Losses incurred 16166 89 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks2796279 00 Premiums 38004 65 Losses 35402 50 Tax 3S0 04 THE ROCHESTER GERMAN INSURANCE CO OF ROCHESTER N Y ICAPITAL 1 Whole amount of capital stock 200000 00 200000 00 2 Amount paid up in cash 200000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 196036 06 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 400942 40 3 Interest due on all said bond and mortgage loans 94940 interest accrued thereon 630562 total 7255 02 4 Value of lands mortgaged exclusive of buildings and per ishable improvements 453290 00 5 Value of buildings mortgaged insured for 39042500 as collateral 539150 00 6 Total value of said mortgaged premises carried inside 992440 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 306312 50 12 Cash in companys principal office 838 07 13 Cash belonging to the company deposited in bank German American Bank 65506 68 25000 on special deposit at 4 Total cash items 66 344 75COMPTROLLERGENERALS REPORT 135 15 Interest due and accrued on stocks not included in mar ket value uncollected 17 Cash in hands of agents and in course of transmission 3108 33 46506 44 Total assets of the company actual casli market value 1026505 50 IIILIABILITIES 9554 79 17195 00 2659 51 29409 30 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 6 Net amount of unpaid losses 2 7 Gross premiums without any deduction re ceived and receivable upon all unexpired Are risks running one year or less from date of policy 26558680 unearned pre miums fifty per cent 132793 40 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 32210111 unearned premiums pro rata 169178 18 11 Total unearned premiums as computed above carried out IS 411 other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions etc due agents on pre miums in course of collection 301971 58 20 Total amount of all liabilities except capital stock scrip and net surplus 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DUBING THE YEAR On Fire Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 9962 48 341343 36 200000 oo 485162 14 1026505 50 36157 83 3 Net collected 4 Gross premiums on risks written and re newed during the year Total 6 Deduct premiums and bills in course of col lection at this date 36157 83 483553 22 519713 05 46506 44136 COMPTROLLERGENERALS REPORT 7 Entire premiums collected during the year 473206 61 8 Deduct reinsurance and return premiums 165533 32 9 Net cash actually received for premiusis carried out 307673 29 307673 29 10 Received for interest on bonds and mortgages 20299 37 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 13183 75 12 Income received from all other sources omitting increase if any in value of securities viz Rents 917385 dis count 61680 total 9 790 65 15 Aggregate amount of income actually received dur ing the year in cash 350947 06 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 988934 losses occurring in pre vious years 172609 61 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 307215 and all amounts actually received for reinsur ances in other companies 4154470 total deductions 44616 85 3 Net amount paid during the year for losses 12799276 127992 76 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 20000 00 6 Paid for commissions or brokerage 57129 72 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 29 528 20 8 Paid for State national and local taxes in this and other States 14215 58 9 All other payments and expenditures viz Expense ac count 3952364 profit and loss account 158763 printing and stationery account 326694 suspense ac count 61448 total 44 992 69 Aggregate amount of actual expenditures during the yearincash 293888 95 THE UNITED STATES BRANCH OF THE ROYAL FIRE INSURANCE COMPANY OF LIVERPOOL ENGLAND IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 032 077 43 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 272 000 00 3 Interest due on all said bond and mortgage loans f interest accrued thereon 112000 total f 956 25COMPTROLLERGENERALS REPORT 137 Value of lands mortgaged exclusive of buildings and perishable improvements I Value of buildings mortgaged insured for j 27500000 as collateral 12 13 Total value of said mortgaged prem ises carried inside 473500 00 Total par and market value of stocks and bonds owned absolutelv by the company carried out at market value 3951329 4 Cash in companys principal office 1457 53 Cash belonging to the company deposited in Banks and Trust Companies and in hands of branches 314964 40 316421 93 47487 08 Total cash items 15 Interest due and accrued on stocks not included in market value uncollected 17 Cash in hands of agents and in course of transmission 762862 16 18 Bills receivable not matured taken for fire marine and inland risks 1674 77 All other assets both real and personal viz Rents due and accrued 1004012 amount receivable under perpetual policies December 31st 1897 320909 all other items 197779 15227 00 Total assets of the company actual cash market value 7400199 78 IIILIABILITIES 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 59022 71 444246 73 62075 70 565348 14 107062 66 Net amount of unpaid losses 458282 48 458282 48 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or les from date of policy 321156742 unearned pre miums fifty per cent 1605783 71 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 441130964 unearned premiums pro rata 2241059 50 Total unearned premiums as computed above carried out 3846843 21 11a Amount reclaimable by the insured on perpetual fire in surance policies being 90 and 95 per cent of the premi um or deposit received 222281 18 12 Net premiums reserved and all other liabilities except cap ital under the life insurance department 121459 75 17 Due and accrued for salaries rent taxes advertising and for agency and other miscellaneous expenses 57288 43 11138 COMPTROLLERGENERALS REPORT 18a United States liabilities of Queen Insurance Company of Liverpool assumed by the company under indenture dated Nov 11 1892 3500 00 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions brokerage and other charges due and to become due to agents and brokers or premiums paid and in course of collection 8772356 return premi ums 2799083 reinsurance 20674349 total 322457 88 20 Total amount of all liabilities except capital stock scrip and net surplus 5032112 93 23 Surplus beyond all other liabilities 2368086 85 24 Aggregate amount of all liabilities including net surplus 7400199 78 IVINCOME DURING THE Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement Deduct amount of same not collected Net collected Gross premiums on risks written and re newed during the year YEAR On Fire Risks 766424 08 1310 75 76511 33 5995897 74 Total 6761011 07 Deduct premiums and bills in course of col lection at this date 791558 69 Entire premiums collected during the year Cash notes Deduct reinsurance and return premiums 5969452 38 1372096 85 10 11 12 14 15 Net cash actually received for premiums car ried out 4597355 53 Received for interest on bonds and mortgages Received for interests and dividends on stocks and bonds collateral loans and from all other sources Income received from all other sources omitting increase if any in value of securities viz Rents 4750721 From home office during the year 26895110 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR On Fire Risks Gross amount actually paid for losses in cluding 45574098 losses occurring in pre vious years 2829385 79 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 1219857 and all amnts actually received for reinsurances in other companies 27852098 total deductions 290719 55 4597355 53 12635 25 179349 99 4836847 98COMPTROLLERGENERALS REPORT 139 3 Net amount paid during the year for losses 2538666 24 2538666 24 6 Paid for commissions or brokerage 80835 83 7 Paid for salaries fees and other charges of officers 86 59665 clerks 16622728 agents 2682541 and all other employee 6048945 349138 8 8 Paid for State national and local taxes in this and other States U7033 6 9 All other payments and expenditures viz Rents station ery advertising traveling legal and all other expenses 283039 58 Q Sent to home office during the year939362 24 Aereaate amount of actual expenditures during the g 8 4087203 70 year in cash Business in the State of Georgia during the Year 5416390 07 Fire risks written Premiums received gross 45594 Oo Losses paid Q Losses incurred BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Ri8kg 289572 71 68893 07 f3mUm8 43103 36 Losses 688 93 Tax SCOTTISH UNION AND NATIONAL INSURANCE COMPANY OF EDINBURGH SCOTLAND ICAPITALDEPOSIT 200000 X Amount of net ledger assets December 31st of previ 3524712 f ous year H jINCOME DURING YEA It As shown by the books at U S branch office at close of business December 31 1 Gross premiums including bills unpaid at Fire close of last year276234 04 Deduct ledger balances of De cember31St1896 161234 M 1160Q0 00 3 Net collected 115000 00 4 Gross premiums on risks written and re newed during the year 3201387 45 5 Total 331638745 6 Deduct gross premiums including bills in course of collection at this date138435 68 7 Entire premiums collected during the year 317795177 8 Deduct reinsurance rebate abatement and return premiums 823396 91140 COMPTROLLERGENERALS REPORT 9 Received for premiums other than perpetu als 11 Rents from Oos property 12 Interest on real estate mortgage loans 7671484 on other collateral loans 70319 13 Interest and dividends on stocks and bonds 4943990 from all other sources 735075 2354554 86 5053 00 77418 03 56790 65 2354554 86 Total rents and interest 15 Received from home office 139261 68 20539 55 Total income during the year 2 514 356 09 Total footings 6039068 97 IIIDISBURSEMENTS DURING YEAR As shown by the books at home office at clse of business December 31 Fire 1 Gross amount paid for losses including 29154503 occurring in previous years 2 Deduct amounts received for salvages on losses of the last or of previous years 1709717 and from reinsurance in other companies 12318031 3 1381666 30 140277 48 1241388 82 102344 56 653 86 57792 32 Net amount paid during the year for l08ses 1241388 82 5 Remitted to home office 7 Commissions or brokerage to agents less received on reinsurances 511087 99 3679 60 10 Salaries fees and all other charges 107 198 9 11 Taxes on real estate 65386 12 Insurance department fees and agents licenses municipal licenses entire taxes paid 13 Advertising printing and stationery 1672914 legal ex penses repairs and expenses on real estate 380754 furniture and fixtures 798367 miscellane ous 9908904 126 709 39 14 Loss on sales or maturity of ledger assets 70 00 70 00 Total expenditures during the year 2092483 BalanceiSiSTii IVLEDGER ASSETS As per Ledger Accounts shown by the booh at the U S Managers office at close of Business December 31 1 Book value real estate unincumbered 101587 96 2 Mortgage loans on real estate first liens 1482680 99 3 Loans secured by pledge of bonds stock or other collaterals 2800 a 4 Book value of bonds owned excluding in terest 167115686 stocks 4775000 1 718 906 86COMPTROLLERGENERALS REPORT 141 5 Cash in companys office 136684 deposit ed in bank 42456357 425930 41 6 Agents debit balances 15707315 157073 15 Deduct ledger liabilities total 3888979 37 7 Agentscredit balances 83523835 23 Total net ledger assets as per balance on page 1 3888144 14 NONLEDGER ASSETS 8 Interest due 1745910 and accrued 1221738 on mortgages 9 Interest due 738750 and accrued 1147666 on bonds and stocks 10 Interest due 4750 on collateral loans 11 Interest due 30000 and accrued 7068 on other assets 29676 48 18864 16 47 50 370 68 Deduct interest due and accrued on mort gages in process of foreclosure 48958 82 7084 25 Total carried out 14 Market value not including interest in item 9 of bonds and stocks over book value 15 Gross premiums in course of collection De cember 31 not more than three months due Deduct cost of collection commission and brokerage 41874 57 22551 25 16 138435 68 23435 68 17 Net amount of uncollected premiums not more than three months due115000 00 Gross assets 4067569 96 DEDUCT ASSETS NOT ADMITTED 5 Bonds and stocks n082 B0 Total 11082 50 Total admitted assets of the U S branch 4056487 46 vNONLEDGER LIABILITIES 4 5 6 7 Losses adjusted and unpaid not yet due Losses in process of adjustment or in sus pense including all reported and sup posed losses Losses resisted not outlawed including interest costs and other expenses thereon Total amount of claims for losses Deduct reinsurance due or accrued 38884 28 256626 19 17641 67 313152 14 27293 71 Net amount of upaid losses Gross premiums less reinsurance received and receiva ble upon all unexpired Are risks running one year or less from date of policy in cluding interest premiums on perpetual Are risks 180167186 unearned premi ums 50 per cent 900835 93 285858 43142 COMPTROLLERGENERALS REPORT 8 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running more than one year from date of policy 175542008 unearned premiums pro rata 938233 21 11 Total unearned premiums as computed above 1839069 14 21 Total amount of all liabilities 2124927 57 22 Statutory deposit 200000 00 24 Divisible surplus 1731559 89 1931559 89 Total 4056487 46 Business in the State of Georgia Daring the Year Fire 7 Gross risks written 2148 412 00 8 Gross premiums received 34 559 99 9 Losses paid 2iflm 90 10 Losses incurred 25 949 18 BUSINESS IN GEORGIA FOR MB YEAR ENDING APRIL 30 1898 Risk8 2404043 00 Premiums 36147 84 Losses 37763 11 Tax 361 47 SOUTHERN FIRE INSURANCE CO ATLANTA GA ICAPITAL 1 Whole amount of capital 100000 00 2 Amount paid up in cash 44145 00 44145 00 IIASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans in terest accrued thereon 105000 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 13 Cash belonging to the company deposited in bank Ex change Bank 17 Cash in hands of agents and in course of transmission All other assets both real and personal rents due and accrued due from other companies for reinsurance on losses already paid office furniture and fixtures and supplies 704 07 Total assets of the company actual cash market value 48079 87 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 1 344 oq 43000 00 1050 00 44050 00 184 01 315 79 COMPTROLLERGENERALS REPORT 143 4 Total gross amount of claims for losses 1344 00 5 Deduct reinsurance thereon 1344 00 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 7028 58 Unearned premiums fifty per cent 2623 29 11 Total unearned premiums as comDuted above carried out 2623 29 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz sundry accounts 1097 50 Total 3720 79 21 Joint stock capital actually paid up in cash 44145 00 23 Surplus beyond capital and all other liabilities 232 08 24 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR Fire Risks 5 Total 7028 58 6 Deduct premiums and bills in course of collection at this date 3159 79 7 Entire premiums collected dur ing the year 386879 10 Received for interest on bonds and mort gages accrued 105000 3868 79 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses includ On Fire Risks ing 252 06 3 Net amount paid during the year for losses 252 06 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz int and dist 2704 advertising 1573 rent 13405 express and postage 10974 exchange 854 total Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia During the Year Fire marine and inland risks written Premiums received gross Losses paid Losses incurred 134400 reinsured 10c 48097 87 3868 79 252 06 002 18 2207 21 227 78 295 40 3584 63 128075 00 4285 45 252 06 1596 06144 COMPTROLLERGENERALS REPORT BUSINESS IN GEORGIA FOB YEAR ENDING APRIL 30 1898 Risks Premiums Losses Tax 305839 00 5220 20 690 32 52 20 THE SOUTHERN MUTUAL FIRE INSURANCE COMPANY OF ATHENS GEORGIA This is a mutual company having no capital stock assets at present market value amount to Its 9 13 17 IIASSETS Market value of real estate owned by the company less the amount of incumbrances thereon Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value Cash belonging to the company deposited in Bank Bank of the University 5348 48 Total cash items Cash in hands of agents and in course of transmission 11 20 22 23 24 Total amount of all liabilities except capital stock scrip and net suiplus Scrip outstanding Surplus beyond capital and all other liabilities Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR On Fire Risks Entire premiums collected during the year 281562 62 Deduct return premiums 4039 54 927822 77 20000 00 897077 00 5348 48 5397 29 Total assets of the company actual cash market value 927822 77 IIILIABILITIES Gross losses in process of adjustment or in suspense including all reported and sup posed losses 10073 86 Losses resisted including interest costs and other expenses thereon 12000 00 Total gross amount of claims for losses 11273 86 Net amount of unpaid losses Gross premiums without any deduction re ceived and receivable upon all unexpired fire riskes running one year or less from date of policy 27722308 unearned pre miums fifty per cent 138761 54 11273 86 Total unearned premiums as computed above carried out 138761 54 150035 40 114293 69 663493 68 927822 77COMPTROLLERGENERALS REPORT 145 9 Net cash actually received for premiums car ried out 277523 08 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 45224 75 Discount on losses152 69 15 Aggregate amount of income actually received during the year in cash 322909 52 VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses in cluding 2813784 losses occuring in pre On Fire Risks vious years 89314 15 3 Net amount paid during the year for losses 89314 15 5 Scrip or certificates of profits redeemed in cash 181636 99 6 Paid for commissions or brokerage 41626 99 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 13575 00 8 Paid for State national and local taxes in this and other States 7423 90 9 All other payments and expenditures viz Profit and loss 1208 96 Expenses2801 35 Aggregate amount of actual expenditures during the year in cash 337587 34 Business in the Slate of Georgia during the Year On Fire Risks Premiums received gross 277523 08 Losses paid 314 15 Losses incurred 72450 17 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1893 Risks 25780569 00 Premiums 278834 11 Losses 89973 52 Tax 2788 34 THE SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY OF SPRINGFIELD MASS ICAPITAL 1 Whole amount of capital stock 1500000 00 2 Amount paid up in cash 1500000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 128000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 727770 00 3 In terest due on all said bond and mortgage loans 269157 interest accrued thereon 1678189 total 19473 46146 COMPTROLLERGENERALS REPORT 4 Value of lands mortgaged exclusive of build ings and perishable improvements 564650 00 5 Value of buildings mortgag ed insured for 6 83765000 as collateral Total value of said mor 879550 00 gaged premises 1444200 00 bonds owned 9 Total par and market value of all stocks and absolutely by the company carried out at market value 3004455 00 10 Amount of stocks bonds an d all other securities except mortgages hypothecated to the company as collateral security for cash actually loaned by the company with the par and market value of the same and the amount loaned on each Par Value MRrket Value Note 30 shares Third National Bank Stock Springfield 3000 6300 2775 00 100 shares Nonotuck Paper Co Stock Holyoke 10000 30000 108 shares Parsons Paper 50000 00 10800 43200 68 shares Boston Albany 6800 14484 135 shares N Y N H 22500 00 Hartford R R Co Stock 13500 23355 31 shares Agawam National Bank Stock 3100 3100 1000 00 30 shares Barre Vt Water 3000 45001 90 shares Revere Mass 12000 00 11 Water Co Stock 9000 18000 j Total par and market value and amt loaned thereon 59200 142939 88275 00 88275 0O 12 Cash in companys principal office 16682 22 13 Cash belonging to the company deposited in bank John Hancock Springfield 33307 51 54395 53 Third National Springfield 84887 71 189272 97 15 Interest due and accrued on stocks not included in mar ket value uncollected 29434 20 Mi Interest due and accrued on collateral loans and uncollected 2355 24 17 Cash in hands of agents and in course 317262 82 All other assets both real and personal viz Rents due 978 16 Total assets of the company actual cash market value 4507276 85 in LIABILITIES 1 36918 86 2 Gross losses in process of adjustment or in suspense including all reported and sup 96642 68 COMPTROLLERGENERALS REPORT 147 3 Losses resisted including interest costs and other expenses thereon Total gross amount of claims for losses Deduct reinsurance thereon 24259 51 157821 05 12223 76 6 Net amount of unpaid losses 145597 29 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 126563162 unearned pre miums fifty percent 632815 81 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 814511 24 163437295 unearned premiums pro rata 11 Total unearned premiums as computed above carried out 1447327 05 19 All other demands against the company absolute and con tingent due and to become due admitted and contested 63452 56 20 Total amount of all liabilities except capital stock scrip and net surplus 1656376 90 21 Joint stock capital actually paid up in cash 1500000 00 23 Surplus beyond capital and all other liabilities 1350899 95 24 Aggregate amount of all liabilities including capital paid up and net surplus 4507276 85 IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 308929 03 2 Deduct amount of same not collected 9572 97 299356 06 3 Net collected 4 Gross premiums on risks written and re newed during the year 2136672 59 5 Total 2436028 65 6 Deduct premiums and bills in course of col lection at this date 317262 82 7 Entire premiums collected during the year 2118765 83 8 Deduct reinsurance and return premiums 371741 61 9 Net cash actually received for premiums carried out 1747024 22 10 Received for interest on bonds and mortgages 30929 62 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 137839 02 12 Income received from all other sources viz Rents 4539 66 15 Aggregate amount of income actually received during the year in cash 1920332 52148 COMPTROLLERGENERALS REPORT VEXPENDITURES DURING THE YEAR 1 Gross amount actually paid for losses including 13472727 losses occurring in previous years 874678 39 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year and all amounts actu ally received for reinsurance in other companies 6513624 total deductions 65136 24 3 Net amount paid during the year for losses 809542 15 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 150000 90 6 Paid for commissions or brokerage 296773 93 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 97979 96 8 Paid for State national and local taxes in this and other States 70636 74 9 All other payments and expenditures viz Office and agency incidental legal traveling and all other ex penses 204524 56 Aggregate amount of actual expenditures during the year in cash 1629457 34 Business in the State of Georgia during the year Fire risks written 843587 00 Premiums received gross 11709 51 Losses paid 2943 10 Losses incurred 3 403 69 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 RiBks 1191089 00 Premiums 14602 17 Losses 5 342 Tax 146 02 ST PAUL FIRE AND MARINE INSURANCE COMPANY OF ST PAUL MINNESOTA ICAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 500000 00 IIASSETS 1 Market value of real estate ownfd by the company less the amount of incumbrances thereon 574853 43 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 375907 42 3 Interest due on all said bond and mortgage loans 9224 21 Interest accrued thereon 291120 total 4 Value of lands mortgaged exclusive of build ings and perishable improvement 303600 00COMPTROLLERGENERALS REPORT 149 5 Value of buildings mortgaged insured for 31417500 as collateral 424950 00 6 Total value of said mortgaged premises car ried inside 9 Total par and market value of stocks and bonds owned absolutely by tbe company carried out at market value 11 Total par and market value of stocks bonds and all other securities except mortgages and amount loaned thereon 12 Cash in companys principal office 11696 81 13 Cash belonging to the company deposited in bank Merchants Nat Bank St Paul 114 03763 First Nat Bank St Paul 27893 29 St Paul Nat Bank St Paul 2747549 total 09406 41 728550 00 811551 03 216568 78 Total cash items 17 Cash in hands of agents and in course of transmission 18 Bills receivable not matured taken for fire marine and in land risks Total assets of the company actual cash market value IIILIABILITIES 1 Losses due and unpaid 31926 55 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 123680 70 3 Losses resisted including interest costs and other expenses thereon 11607 14 167214 39 26219 23 181103 22 176220 49 27500 68 2363705 05 4 Total gross amount of claims for losses 5 Deduct reinsurance thereon 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy Unearned premiums fifty per cent 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 102812114 unearned premiums pro rata 9 Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired inland navigation and marine risks 114586428 unearned premiums 11 Total unearned premiums as computed above carried out 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz commissions on premiums paid and in course of collection 140995 16 728553 51 364276 75 526903 10 72932 14 964111 99 26584 81 Total 1131691 96150 COMPTROLLERGENERALS REPORT 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of all liabilities including capital paid up and net surplus 500000 00 732013 09 2363705 05 IVINCOME DURING THE YEAR Fire 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 174900 27 Marine and Inland 3 Net collected 174900 27 4 Gross premiums on risks writ ten and renewed during the year 1561350 03 5 Total 1736250 30 6 Deduct premiums and bills in course of collection at this date 176220 49 7 Entire premiums collected dur ing the year 1560029 81 8 Deduct reinsurance and return premiums 264533 73 26589 51 26589 51 334586 23 361175 74 27500 68 333675 06 66534 14 9 Net cash actually received for premiums carried out1295496 08 267140 92 1562637 00 10 Received for interest on bonds and mortgages 24092 43 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 44788 81 12 Income received from all other sources viz Rents 11 48384 11483 84 15 Aggregate amount of income actually received during the year in cash 1643002 08 VEXPENDITURES DURING THE YEAR Fire 1 Gross amount actually paid for losses including 134239 36 losses occurring in previ ousyears 699971 01 2 Deduct all amounts actually re ceived for salvages whether on losses of the last or of pre vious year 1184677 and all amounts actually received for reinsurance in other com panies 5996182 total deduc tions 39311 82 Marine and Inland 230968 61 3 Net amount paid during the year for losses 660659 19 32496 77 198471 84 859131 03COMPTROLLERGENERALS REPORT 151 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 5000000 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz General oper ating expenses 9047023 postage 554763 Total 50000 00 326908 50 71108 51 32183 63 96017 86 Aggregate amount of actual expenditures during the year in cash 1435349 53 Business in State of Georgia during the Year Fire marine and inland risks 1576968 00 Premiums received 18340 45 Losses paid 10707 4T Losses incurred 10901 10 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks i372766 00 Premiums Losses Tax 1576968 00 18340 45 10707 47 10901 10 22649 30 14918 75 226 49 THE TJ S BRANCH SUN INSURANCE OFFICE INSURANCE CO OF LONDON ENGLAND IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 250000 00 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 188000 00 3 Interest due on all said bond and mortgage loans interest accrued thereon 1850 83 4 Value of lands mortgaged exclusive of build ings and perishable improvements 142000 00 5 Value of buildings mortgaged insured for 12700300 as collateral 152000 00 6 Total value of said mortgaged premises carried inside 294000 00 9 Total par and market value of stocks and bonds owned ab solutely by the company 1784350 62 12 Cash in companys principal office 922 68 13 Cash belonging to the company deposited in bank Merchants Natl Bank 10239844 Western Natl Bank 5725977 Mercan tile Trust Company 182877 total 161486 98 Total cash items 162499 66 15 Interest due and accrued on stocks not included in mar ket value uncollected 21802 852 COMPTROLLERGENERALS REPORT 17 Cash in hands of agents and in course of transmission 318357 71 All other assets both real and personal viz Rents due and accrued 145667 due from other companies for reinsurance on losses already paid i 456 67 Total assets of the com pan actual cash market value 2728128 27 IIILIABILITIES 1 Losses due and unpaid 28 209 50 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 122 433 47 3 Losses resisted including interest costs and other expenses thereon 12 940 00 4 Total gross amount of claims for losses 163582 97 5 Deduct reinsurance thereon 3 50152 6 Net amount of unpaid losses 160 081 45 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 14ii649o6 unearned premiums fifty per cent 573324 53 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 164555745 unearned pre miums pro rata 131132 89 11 Total unearned premiums as computed above carried out 1404 457 42 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 310 57 19 All other demands against the company absolute and con tingentdue and to become due admitted and contested viz 373360 commissions brokerage etc 6410649 reinsurance 746288 total 75 302 97 20 Total amount of all liabilities except capital stock scrip and net surplus l gj 5g 51 23 Surplus beyond capital and all other liabilities lo86969 76 24 Aggregate amount of all liabilities including capital paid up and net surplus 2 78 128 27 IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of col D EiSkS lection at close of last previous year as shown by that years statement 312281 14 3 Net collected 3128114 4 Gross premiums on risks written and re newed during the year 1987709 84 Total 2299 990 98 6 Deduct premiums and bills in course of col lection at this date 328 520 44COMPTROLLERGENERALS REPORT 153 7 Entire premiums collected during the year 1971470 54 8 Deduct reinsurance and return premiums 355620 68 9 Net cash actually received for premiums carried out 1615849 86 1615849 86 10 Received for interest on bonds and mortgages 9080 00 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 79386 89 12 Income received from all other sources omitting increase if any in value of securities 10950 23 15 Aggregate amount of income actually received during the yearincash 1715266 98 VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount actually paid for losses in cluding 142330 losses occurring in pre vious years 859334 75 2 Deduct all amounts actually received for sal vages whether on losses of the lat or of previous year 829314 and all amounts actually received for reinsurance in other companies 13203481 total deductions 40327 95 819006 80 295700 52 94672 43 40139 34 3 Net amount paid during the year for losses 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz General and agency expenses postage and exchange stationery and printing advertising and maps 161081 28 10 Amount sent to home offices during the year 250311 78 Aggregate amount of actual expenditures during the yearincash 1410600 37 Business in the State of Georgia during the Year Fire marine and inland risks written 1158164 l Premiums received gross Losses paid 17791 66 6549 93 6739 50 Losses incurred BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks 1305837 00 Premiums 18403 85 Losses 13140 61 Tax 184 03154 COMPTROLLERGENERALS REPORT THE SUN MUTUAL FIRE INSURANCE COMPANY OF NEW ORLEANS LOUISIANA ICAPITAL a Whole amount of capital stock 500000 00 500000 00 2 Amount paid up in cash 500000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 47 500 00 9 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 888546 00 Cash deposited in banks and in companys office Canal Bank New Orleans La 4782167 New Orleans Na tional Bank New Orleans La 3057441 National City Bank New York City 877251 Whitney National Bank New Orleans La 60000 Provident Saving and Safe Deposit Bank New Orleans La 100000 Hiber nia National Bank New Orleans La 40000 Citizens Bank of Louisiana 40000 Louisiana National Bank of New Orleans 20000 cash in office 279042 92559 01 All other assets both real and personal viz Rents due and accrued due from other companies for rein surance on losses already paid outstanding col lectiona 68598 15 Total assets of the company actual cash market value 1097203 16 IIILIABILITIES i Losses due and unpaid 2 046 00 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 45231 00 3 Losses resisted including interest cost and other expenses thereon u 044 00 4 Total gross amount of claims for losses 58521 00 5 Deduct reinsurance thereon 12038 00 6 Net amount of unpaid losses 46 483 00 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of Plicy 340831 40 Unearned premiums fifty per cent 170415 75 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one vear from date of policy 10277561 unearned premiums pro rata 5444938 11 Total unearned premiums as computed above carried out 224915 13 16 Cash dividends to stockholders remaining unpaid 12500 00COMPTROLLERGENERALS REPORT 155 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Commissions 315865 return premiums 317390 reinsurance 175000 reserve for river vs 52247 total 20 21 23 24 8605 02 Total amount of all liabilities except capital stock scrip and net surplus 292503 15 Joint stock capital actually paid up in cash 500000 00 Surplus beyond capital and all other liabilities 304700 01 Aggregate amount of all liabilities including capital paid up and net surplus 1097203 16 IVINCOME DURING THE YEAR On Fire Risks On Marine and Inland Risks Gross premiums and bills in course of collection at close of last pre vious year as shown by that years statement 60574 34 Net collected 60574 34 Gross premiums on risks written and renewed during the year 53329189 2248164 Total 593886 23 22481 64 Deduct premiums and bills in course collection at this date 64036 33 456182 10 11 12 Entire premiums collected during the year 529829 90 17919 82 Deduct reinsurance and return premiums 179695 61 8835 18 Net cash actually received for pre miums carried out 350134 29 9084 64 359218 93 Received for interest on bonds and mortgages 411 68 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 35681 85 Income received from all other sources omitting increase if any in value of securities viz Rents 376508 bills receivable 19474 discount on losses paid 43802 P and L account 79654 enhancement in securities 2618935 total 31383 73 15 Aggregate amount of income actually received during the year in cash 426696 19 VEXPENDITURES DURING THE YEAR On Fire Ritke On Marine and Inland Risks Gross amount actually paid for losses including 2230706 losses oc curring in previous years197697 43 4647 54156 COMPTROLLERGENERALS REPORT 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 1 53786 F 6529 R and all amts actually received for reinsurances in other companies 3259040 P 169251 R and M total deduc tions 31128 26 1692 51 3 Net amount paid during the year for losses 163569 17 2955 03 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and Other States 9 All other payments and expenditures viz Rent 170000 dep in securities 530250 printing and stationery ac count 240710 repairs to real estate 204763 legal expenses 100000 miscellaneous 3179661 boards 654619 total Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia during the Year Fire Risks Fire marine and inland risks written 1648482 00 Premiums received gross 27582 40 Losses paid 15344 05 Losses incurred 15 174 35 166524 20 50000 00 56166 07 22569 60 5767 09 61232 19 362259 15 Aggregate 1648482 00 27582 40 15844 05 15174 35 Risks Premiums Losses Tax BUSINESS IN GEORGIA FOE YEAR ENDING APRIL 30 1898 1703816 00 28184 46 23742 12 281 84 UNION ASSURANCE SOCIETY OF LONDON ENGLAND ICAPITAL 1 Whole amount of capital stock 2 250 000 00 2 Amount paid up in cash 900 000 00 II ASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 200 000 00 8 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1079422 75 12 Cash in companys principal office 6 180 20 13 Casli belonging to the company deposited in Union Trust Co 816815 Tallant Banking Co 1221945 Total 20 38710COMPTROLLERGENERALS REPORT 157 15 Interest due and accrued on stocks not included in mar ket value uncollected 1992 50 17 Cash in hands of agents and in course of transmission 38047 26 All other assets both real and personal viz Rents due and accrued due from other companies for re insurance on losses already paid Manhattan Fire In surance Co 11000000 agents balances 7972542 Total 189725 42 Total assets of the company actual cash market value 1535755 73 IIILIABILITIES 1 Losses due and unpaid 26788 80 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 62270 62 3 Losses resisted including interest costs and other expenses thereon 29052 00 4 Total gross amount of claims for losses 125111 42 5 Deduct reinsurance thereon 42 19 6 Net amount of unpaid losses 125069 23 7 Gross premiums without any deduction re ceived and receivable upon all unexpired Are risks running one year or less from date of policy 75381503 unearned pre miums fifty per cent 376907 51 8 Gross premiums without any deduction re ceived and receivable upon all unexpired Are risks running more than one year from date of policy 23779173 unearned premiums pro rata 122354 51 9 Gross premiums without any deduction in cluding both cash and bills received and receivable upon all unexpired inland navigation viz Manhattan 10366667 103666 67 11 Total unearned premiums as computed above carried out 602928 69 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions brokerage etc 562801 reinsurance 4747261 Total53100 62 20 Total amount of all liabilities except capital stock scrip and net surplus 781098 54 23 Surplus beyond capital and all other liabilities 754657 19 24 Aggregate amount of all liabilities including capital paid up and net surplus 1535755 73 IVINCOME DURING THE YEAR on Fire Eisks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 4786957 3 Net collected 47869 57158 COMPTROLLERGENERALS REPORT 4 Gross premiums on risks written and re newed during the year 1445791 7 5 Total 149366136 6 Deduct premiums and bills in course of col lection at this date 38047 26 7 Entire premiums collected during the year Cash notes 1455614 10 8 Deduct reinsurance and return premiums 380273 91 9 Net cash actually received for premiums carried out 1075340 19 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents All other 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR On Fire Risks 1 Gross amount paid actually for losses in cluding 4812783 losses occurring in pre vious years 435819 16 2 Deduct all amounts actually received for salvages whether on losses of the last or previous year 451670 and all amounts actually received for reinsurances in other companies 323830 Total deduc tions 7755 oo 1075340 19 35638 27 705 36 55424 62 1167108 44 428064 16 3 Net amount paid during the year for losses 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States real estate 166424 9 All other payments and expenditures viz Pees 353679 advertising 162915 sundry 399400 building etc 4251531 Total 428064 16 270682 15 45208 04 17593 14 51674 25 Aggregate amount of actual expenditures during the year in cash Business in tht Stati of Georgia during tht Year Fire marine and inland risks written Premiums received gross BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 Risks Premiums Losses Tax 813221 74 Fire Risks 232937 00 2431 52 466736 00 4305 50 118 44 43 05COMPTROLLERGENERALS REPORT 159 THE WESTERN ASSURANCE COMPANY OF TORONTO CANADA IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 12 Cash in companys principal office 128 95 13 Cash belonging to the company deposited in bank Alex Laird and Wm Gray agents Canadian Bank of Commerce New York 24124733 Com Exchange Bank Chicago 29749 total 241544 82 17 Cash in hands of agents and in course of transmission 18 Bills receivable not matured taken for fire marine and inland risks 25000 0C 1165526 88 241544 82 253631 42 34600 07 Total assets of the company actual cash market value 1720432 14 IIILIABILITIES 1 Losses due and unpaid 20576 89 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 138331 42 3 Losses resisted including interest costs and other expenses thereon 15227 99 4 Total gross amount of claims for losses 183136 30 6 Net amount of unpaid losses 10 10 18 183136 30 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 103115701 unearned pre miums fifty per cent 515578 50 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 06076958 unearned pre miums pro rata 344234 98 9 Gross premiums without any deduction in cluding both cash and bills received and receivable upon all unexpired inland navi gation and marine risks 4815592 fifty per cent 2407751 Time Hull 18 59244 fifty per cent 9296 22 Gross premiums without any deduction re ceived and receivable on all unexpired marine risks cargo 100 per cent 3335 75 Total unearned premiums as computed above carried out 896522 94 All other demands against the company absolute and con tingent due and to become due admitted and contested 34491 58 20 Total amount of all liabilities except capital stock scrip and net surplus 1114150 82 no16C COMPTROLLERGENERALS REPORT IVINCOME DURING THE YEAR 1 3 4 5 6 7 8 9 10 11 16 Gross premiums and bills in course of collection at close of last previous year as shown by that years stateNet collected On Fire Risks 275835 40 On Marine and Inland Risks 48679 45 1 1725415 34 1680 00 43313 40 1770418 74 275835 40 1693879 59 48679 45 318542 26 367221 71 59971 07 Gross premiums on risks written and renewed during the Total Deduct premiums and bills in course of collection at this Entire premiums collected during the year 1969714 99 228260 42 1741454 57 284154 56 1457300 01 md mortgages ends on stocks other sources le actually rece 307250 64 39125 31 Deduct reinsurance rebate abatement and return premiums Net cash actually received for premiums carried out Received for interest on bonds Received for interests and divic collateral loans and from all Aggregate amount of incon 258125 33and bonds iived during VEXPENDITURES DURING THE YEAR 1 2 3 6 7 8 Gross amount actually paid for losses including 15004078 losses occurring in previous years Deduct all amounts actually received for salvages whether on losses of the last or preNet amount paid during the year for losses On Fire Risks 786340 41 37602 81 On Marine and Inland Risks 282951 40 58785 20 972903 80 349350 50 41500 00 46302 00 130764 45 1540820 75 748737 60 224166 20ge charges of officers clerks es al taxes in this and other Paid for commissions or broker Paid for salaries fees and other agents and all other employe Paid for State national and loc Total Aggregate amount of actual expenditures during the year in cash COMPTROLLERGENERALS REPORT 161 Business in the State of Georgia during the year Fire Risks Fire marine and inland risks written 1386342 96 Premiums received 24014 62 Losses paid 6803 53 Losses incurred 7580 65 BUSINESS IN GEOEGIA FOB YEAR ENDING APRIL 30 1898 Risks 1637547 00 Premiums 22730 06 Losses 13777 56 Tax 227 30 THE WESTCHESTER FIRE INSURANCE CO OF NEW YORK N Y ICAPITAL 1 Whole amount of capital stock 3000000 00 3000000 00 2 Amount paid up in cash 3000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans 429010 interest accrued thereon 257697 total 4 Value of lands mortgaged exclusive of build ings and perishable improvements 374000 00 5 Value of buildings mortgaged insured for 519100 as collateral 678800 00 6 Total value of said mortgaged premises carried inside 1052800 00 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value Total amount loaned on stocks bonds and all othersecurities except morgages hypothecated to the company as col lateral security for cash actually loaned by the company 13 Cash belonging to the company deposited in bank Chat ham Nat Bank N Y 4992091 Union Trust Co 3329376 total 16 Interest due and accrued on collateral loans and uncol lected 17 Cash in hands of agents and in course of transmission 219000 00 501030 00 686707 9 11 1466000 00 2500 00 83214 67 142 50 252608 20 Total assets of the company actual cash market value 2531362 44 IIILIABILITIES 1 Loans due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 30768 90 71167 22162 COMPTROLLERGENERALS REPORT 3 Losses resisted including interest costs and 4 Total gross amount of claims for losses 9100 00 111036 12 5 Deduct reinsurance thereon Spring Garden Ins Co 228667 2286 67 108749 45 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 89409575 unearned pre 447047 88 8 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running more than one year from date of policy 122108986 unearned pre 11 Total unearned premiums as computed a 624496 90 aove carried 1071544 78 19 All other demands against the company absolute and con tingent due and to become due admitted and contested via Commissions brokerage and other charges due agents and brokers on premiums paid and in course of 51240 60 20 Total amount of all liabilities except capital stock 1231534 83 21 Joint stock capital actually paid up in cash son rinn on 23 Surplus beyond capital and all other liabilitie 24 Aggregate amount of all liabilities incl 3 999827 61 uding capital 2531362 44 IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of col lection at close of last previous year as On Fire Risks 234932 76 2 Deduct amount of same not collected 7362 9 227530 57 4 Gross premiums on risks written and re 1466726 37 1694256 94 6 Deduct premiums and bills in course of col 252608 20 7 Entire premiums collected during the year 1441648 74 8 Deduct reinsurance and return premiums 9 Net cash actually received for premiums 184241 72 1257407 02 1257407 29406 02 01 10 Received for interest on bonds and mortgages COMPTROLLERGENERALS REPORT 163 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents 15 Aggregate amount of income actually received dur ing the year in cash 54841 90 559 98 1342217 91 VEXPENDITURES DURING THE YEAR Gross amount actually paid for losses in cluding 10268537 losses occurring in pre vious years Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 303832 and all amounts actually received for reinsurances in other companies 2903265 total reduc tions Fire 621536 11 32070 97 3 Net amnt paid during the year for losses 589465 14 4 Cash dividends actually paid stockholders amount of stock holders dividends declared during the year 6 Paid for commission or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Postage tele graph expenses advertising rent printing and station ery fire patrols general agency and traveling maps repairs legal and incidental total Aggregate amount of actual expenditures during the year in cash Business in the Stale of Georgia during the Year Fire marine and inland risks written Premiums received gross Losses paid Losses incurred 589465 14 30000 00 269275 39 100036 61 31027 64 113034 59 1132839 37 BUSINESS IN GEORGIA FOR THE YEAR ENDING APRIL 30 Risks Premiums Losses Tax 1323579 00 19075 54 10086 48 10111 59 1898 1652554 00 23198 43 21293 36 231 98 THE WILLIAMSBURGH CITY FIRE INSURANCE COMPANY OF NEW YORK N Y ICAPITAL STOCK 1 Amount of capital stock authorized 250000 00 Amount of capital stock subscribed for 250000 00 2 Amount of capital paid up in cash 250000 00 Amount of net ledger assets December 31 of previous year 1487388 86164 COMPTROLLERGENERALS REPORT IIINCOME DURING THE YEAR As shown by the books at home office at close of business December 31 1 Gross premiums and bills unpaid at close of previous year as shown by that years statement 89116 87 2 Deduct amount of same not collected 7129 35 3 Net collected 81987 52 4 Gross premiums written and renewed dur ing the year 695383 82 5 Total 777371 34 6 Deduct gross premiums and bills in course of collection at this date 94029 81 7 Entire premiums collected during the year 683341 53 8 Deduct reinsurance rebate abatement and return premiums 89491 48 9 Received for premiums other than per petuals 593850 05 593S50 05 11 Rents from companys property including 15500 for companys use of own buildings 45286 49 12 Interest on real estate mortgage loans 14200 71 13 Interest and dividends on stocks and bonds 28466 11 Total rents and interest 37 953 31 14 Profit on sale or maturity of ledger assets during the year overbook values 27 964 31 Total income during the year 709 767 67 Total footings 2197156 53 IIIDISIiURSEMENTS DURING THE YEAR As shown by the books at home office at close of business December 31 Fire 1 Gross amount paid for losses including 32 36498 occurring in previous years 244022 41 2 Deduct amounts received for salvages on losses of the last or of previous years 297914 and from reinsurance in other companies 878531 11764 45 3 Net amount paid during the year for losses 232257 96 232 257 96 5 Paid stockholders for interest or dividends amount de clared during the year 50000 50 415 00 7 Commissions or brokerage to agents less received on re insurance 145240 55 9 Rents including 15500 for companys use of own build ing9 17200 00 10 Salaries fees and all other charges 65 802 96COMPTROLLERGENERALS REPORT 165 11 Taxes on premiums 816195 on real estate 778032 on other investments 204525 17987 52 13 Repairs and expenses on real estate 1152130 Miscella neous 4317085 54692 15 Total expenditures during the vear 583596 14 Balance 1613560 39 Invested in the following IVLEDGER ASSETS As per ledger accounts shown by the books at home office at close of business Dtcember 31 1 Book value real estate unincumbered 629000 00 2 Mortgage loans on real estate 250900 00 4 Book value of bonds excluding interest 648587 27 5 Cash in companys office 3388 72 Deposited in banks First National Bank of Brooklyn 7663960 Chatham National Bank of New York 327681 Mechanics National Bank of Brooklyn 176799 81684 40 Total net ledger assets 1613560 39 NONLEDGER ASSETS 8 Interest due 159 arid accrued 95693 on mortgages 1115 9o 9 Interest due 468385 and accrued 75 on bonds and stocks 4758 85 12 Rents accrued on companys property or lease 5349 49 Total carried out 11224 27 14 Market value not including interest in item 9 of bonds and stocks over book value 80657 73 15 Gross premiums in course of collection December 31 not more than three months due 92054 83 16 Deduct cost of collection commission and brokerage 15013 9 17 Net amount of uncollected premiums not more than three months due 77040 91 18 Gross premiums in course of collection December 31 more than three months due carried in 197498 Gross assets 1782483 30 V NONLEDGER LIABILITIES 1 Losses adjusted and unpaid 14225 47 2 Losses in process of adjustment or in sus pense including all reported and supposed losses 40989 31 3 Losses resisted not outlawed including in terest costs and other expenses thereon 4217 77166 COMPTROLLERGENERALS REPORT Total amount of claims for losses Deduct reinsurance due or accrued 59432 55 1013 89 6 Net amount of unpaid losses 7 Gross premiums less reinsurance received and receivable upon all unexpired Are risks running one year or less from date of policy including interest premiums on perpetual fire risks 375S9980 unearned premiums fifty per cent 8 Gross premiums less reinsurance received and receivable upon all unexpired fire risks running more than one year from date of policy 66406842 unearned pre miums pro rata 344 581 27 58418 66 58418 66 187949 90 11 Total unearned premiums as computed above 532531 17 17 Cash dividends remaining unpaid to stockholders 18 Salaries rent expenses taxes bills accounts fees etc due or accrued 20 Reinsurance premiums 22 Total amount of all liabilities 23 Jointstock capital actually paid up in cash Divisible surplus 532531 17 15 00 5361 72 1008 89 25 Total Business in the State of Georgia during the Year 15 Gross risks written 16 Gross premiums received 17 Losses paid 18 Losses incurred 19 Amount at risk 597335 44 250000 00 935147 86 1782483 30 1053559 00 14848 84 6500 98 7554 29 1013578 00 BUSINESS IX GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks Premiums Losses Tax 1190507 00 16686 49 7124 37 166 86 THE ETNA LIFE INSURANCE COMPANY HARTFORD CONN ICAPITAL STOCK 1 Amount of capital stock author ized 2000000 00 Subscribed for 1750000 00 2 Amount of capital paid up in cash 1750000 00 Amount of net ledger assets De cember 31 of previous year43481046 66 Extended at 43481046 66COMPTROLLERGENERALS REPORT 167 IIINCOME DURING YEAK As Shown by the Boohs at Home Office at Close of Business December 31 1 First years premiums less in terest included in deferred premiums and 25325 for first years reinsurance 711224 17 2 Renewal premiums less interest included in deferred premi ums and 184727 for renewal reinsurance 3768847 38 3 Dividends applied by policyhold ers to pay running premiums 650034 71 5 Surrender values applied to pay running premiums first year premiums 28055 renewals 472585 32780 85 6 Surrender values applied to pur chase paidup insurance and annuities 237162 25 8 Total premium income 5400049 36 9 Rents from companys property including 13000 for compa nys use of own buildings 37950 87 Interest on loans on mortgages of real estate 1692060 18 Interest on collateral loans in cluding premium notes loans or liens 142150 72 Interest on bonds and dividends on stocks 593874 10 Interest on other debts due the company and on deposits in bank 21952 71 Discount on claims paid in ad vance 2145 86 Total rents and interest 2490134 44 Profit on sales of real estate 3115 00 Total income Life department 7893298 80 Total income Accident department 604253 09 Total income during the year 8497551 89 Sum of both amounts 51978598 55 IIIDISBURSEMENTS DURING THE YEAR As Shown by the Books at Home Office at Close of Business December 31 1 For death claims 232170008 additions 214861 2323848 69 2 Matured endowments 1103447 30 3 Installment death claims 15482 00 Total 3442777 99 10 11 12 13 14 15163 COMPTROLLERGENERALS 4 Deduct amount received from other companies for claims on policies of this company re REPORT 3439122 99 261125 17 650034 71 158074 00 32780 85 237162 25 175000 00 6325S6 66 20384 31 122354 13 42390 97 137102 26 10206 48 8444 68 20520 42 28843 60 69272 95 24635 52 11772 70 323 04 20323 35 8295 06 5 Total net amount actuallypaid for losses and matur 8 Dividends paid policyholders less 27182 received for dividends on reinsurances 9 Dividends applied by policyholders to pay 11 Surrender values paid 12 Surrender values applied to pay running premiums 13 Surrender values applied to purchase paidup reinsurance and annuities Total paid policyholders 477829997 14 Paid stockholders for interest or dividends 15 Commissions and bonuses to agents less commission received on reinsurances new policies 33632880 renewal policies 296257 S6 17 Salaries and allowances for agencies including managers agents and clerks 18 Salaries and all other compensation officers 48300 home office employees 7505413 19 Medical examiners fees 37520 inspection of risks 487097 20 Taxes on new premiums 608290 renewal premiums 3312655 on franchise S819436 on reserves 559226 municipal licenses 410619 21 Taxes on real estate 22 Insurance department fees and agents licenses 23 Repairs and expenses other than taxes on real estate 24 Rent including 13000 for companys use of own buildings 25 Advertising 1782605 printing and stationery 2421527 postage 2723163 26 Legal expenses 2242301 for furniture etc 221251 27 Losses on sale or maturity of securities 28 All other items viz Agency balances charged profit and loss Supplies 1504008 express 347225 telegraph 181102 Travel 466865 exchange 235513 incidentals 127118 Total miscellaneous expenses 2861841 COMPTROLLERGENERALS REPORT 169 Toal disbursements Life department 6110756 05 Total disbursements Accident department 5193o2 89 Total disbursements 6630108 94 Balance 45348489 61 Invested in the following IV LEDGER ASSETS As per Ledger Accounts Shown by the Books at Home Office at Close of Business December 31 1 Book value real estate unincumbered 511681 00 2 Mortage loans on real estate first liens24542856 65 3 Loans secured by pledge of bonds stocks or other collateral 441090 70 4 Loans made to policyholders on this compa nys policies assigned as collateral 1289865 00 5 Premium notes on policies in force of which 159738 is for first years premiums 596167 70 6 Book value bonds excluding interest f 11197 34892 stocks 18773689713074717 89 7 Cash in companys office 52582659 depos ited in bank 432348356 4849340 15 8 Bills receivable 180259 agents debit bal ances 3573209 5382468 Total45359543 77 DEDUCT LEDGER LIABILITIES 9 Agents credit balances 105099 all other 1000317 1L054 16 Total net ledger assets as per balance above 45348489 61 NONLEDGER ASSETS 10 Interest due 11457459 and accrued 485 40630 on mortgages 599980 89 11 Interest due 1711845 and accrued 97 54559 on bonds and stocks 114664 04 12 Interest accrued on collateral loans 1728 22 13 Interest due on premium notes loans or liens 129358 16 14 Interest due on other assets 28623 91 15 Rents due 279324 and accrued 3125 on companys property or lease 2824 49 16 Market value of real estate over book value 977179 71 17 Market value of bonds and stocks over book value 878098 88 New Business Renewals 18 Gross premiums not more than three months due after period of grace unreported on policies outstanding December 31 33238 27 154823 61 19 Gross deferred premiums on pol icies outstanding December 31 4786188 229018 36HO COMPTROLLERGENERALS REPORT 1 r a Ttala 81100 15 383841 97 21 Deduct cost of collection 50 per cent on new and 8 per cent on renewals 40550 08 30707 36 22 Net amount of uncollected and deferred premiums 40550 07 353134 61 393 684 68 GrOS8a98ets 47597452 88 DEDUCT ASSETS NOT ADMITTED 3 Agents debit balances n t secured by bonds 11846 42 4 Bills receivable unsecured 225 00 6 Commissions payable to agents on premium notes when paid 414 35 TotaI 12485 77 Total admitted assets 47 584 967 11 VXONLEDGER LIABILITIES As Shown by the Books at Home Office at Close of Business December 31 1 Net present value of all the outstanding poli cies in force on the 31st day of December 1897 as computed by the company accord ing to the Actuaries Table of Mortality with four per cent interest39579121 00 Tota39579121 00 Deduct net value of risks of this company re insured in other solvent companies 42 032 00 Netreserve 39537089 00 2 Present value ol amounts not yet due on matured install ment policies face 950000 8 363 00 3 Matured endowments due and unpaid 48075 00 5 Death losses in process of adjustment or ad justed and not due m 211 00 6 Death losses which have been reported and no proofs received 34 103 00 7 Death losses and other policy claims resisted by the company not yet outlawed 33146 00 Gross policy claims 226555 00 Net policy claims777 226555 00 y Unpaid dividends or otherprofits due policyholders includ ing those contingent on payment of outstanding and de ferred premiums 635987 25 12 Premiums paid in advance 784 16 13 Surrender values claimable on policies canceled whose re serves are not included in item 1 15 638 00 Total liabilities Life department 40 4q 4lfi 41 Total liabilities Accident department 260677 00 Liabilities on policyholders account 40 fioTlVW 41 Gross divisible surplus 5 137 gyg 70 wbJUJ3 41 Capital stock paid up lOOO 00 6887873 70 Total 4758496711COMPTROLLERGENERALS REPORT 171 Business in the State of Georgia During the Year No Amount Number and amount of policies on the lives of citizens of said State in force December 31 of previous year 779 1841063 00 Number and amount of policies on the lives of citizens of said State issued during the year 198 524621 00 Total 977 2365684 00 Deduct number and amount which have ceased to be in force during the year 119 296517 00 Total number and amount of policies in force in said State December 31 last 858 2069167 00 Amount of losses and claims on policies in said State un paid December 31 of previous year 2 1150 00 Amount of losses and claims on policies in said State in curred during the year 18 58936 00 Total 20 60086 00 Amount of losses and claims on policies in said State settled during the year in cash 19 60026 00 Amount of premiums collected or secured in said State during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Cash 4624384 notes or credits 17805 total 4642189 BUSINESS IN GEORGIA FOK YEAR ENDING APRIL 30 1898 Risks written during the year 610825 00 Premiums 50094 87 Losses 57971 00 Tax 500 94 THE AMERICAN UNION LIFE INSURANCE COMPANY ICAPITAL 1 Amount of capital stock paid up in each 500000 00 Amount of net or ledger assets December 31 of previous year 459175 45 Extended at 459175 45 IIINCOME DURING YEAR 1 Cash received for premiums on new policies without deduc tions for commissions or other expenses 102104 87 1J Cash received for renewal pre miums without deductions for commissions or other expenses 104333 84 4J From surrender values applied to purchase paidup insurance and annuities see item 15 Disbursements 1450 55 Total 207889 26172 COMPTROLLERGENERALS REPORT 7 Total premium income 207889 26 8 Cash received for interest on mortgage loans 1440 00 9 Cash received for interest on bonds owned and dividends on stock 11237 50 10 Cash received for interest on premium notes loans or liens 343 78 11 Cash received for interest on other debts due 1856 86 12 Cash received as interest on deferred pre 3468 53 226235 93 Total 685411 38 IIIDISBURSEMENTS DURING THE YEAR 1897 1 Cash paid for death claims includ ing revisionary additions 37462 36 5 Cash paid for sums falling due during the year on installment Total 39402 36 7 Total net amount actually paid for losses and matured endowments 39462 36 13 Surrender values paid in cash 346 85 15 Surrender values applied to purchase paidup insurance and annuities see item 4J Income 1450 55 Total paid policyholders 4125976 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new pol icies 6050089 renewals 1036881 70869 70 18 Cash paid for salaries and allowances to man agers and agents 24442 55 19 Cash paid for medical examiners fees 9286 10 inspection of risks 162969 10915 79 20 Cash paid for salaries and other compensation of officers and other home office employees 43354 71 21 Cash paid for taxes on new premiums 62146 on renewals 60217 1223 63 22 Cash paid for taxes on reserves on in vestments on franchise 10 00 23 Cash paid for insurance department fees and agents licenses 310354 municipal licenses 6901 3172 55 24 Cash paid for rent including companys occupancy less received under sub 7499 98 25 Loss on sale of securities 1000 00 26 Cash paid for furniture fixtures and safes for home and agency offices 1481 01 27 Cash paid for advertising 308270 printing 653834 postage 187904 11500 08 28 Cash paid for real estate expenses other than taxes for legal expenses 362045 3620 45 COMPTROLLERGENERALS REPORT 173 29 Cash paid for the following items viz Miscel laneous expenses 806019 traveling ex penses 534004 profit and loss 17816 Total miscellaneous expenses 19266884 1357839 30 31 Total disbursements Balance 233928 60 451482 78 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 12000 00 2li 2 Loans on mortgage first liens 5 b Premium notes loans or liens on policies in force of which 155235 was received during the year 6 c Cost value of bonds and stocks owned ex cluding accrued interest at time of purchase 304053 96 7 Cash in companys office 5548 47 8 Cash deposited in banks 56111 50 Bills receivable 2903 30 Agents ledger balances of which was advanced during the year 68747 87 Total net or ledger assets as per balance above 451482 78 Deduct depreciation from cost of assets to market value 4815 71 9 10 11 12 13 14 15 Total net or ledger assets less depreciation Other Assets Interest due and accrued 14000 on mortgages Interest due an accrued 416080 on bonds and stocks 140 00 4160 80 446667 07 Total carried out 2300 80 23 24 25 26 27 28 New Business 32258 27 33556 86 Renewals 8079 82 15986 39 Gross premiums due and unre ported on policies in force De cember 31 1897 Gross deferred premiums on poli cies in force December 31 1897 Totals 65815 13 Deducting loading 20 per cent on new and 20 per cent on re newals 13163 03 Net amount of uncollected and de ferred premiums 52652 10 19252 97 Furniture fixtures and safes 800000 commuted commis sions judgments Printing stationery etc 24066 21 4813 24 71905 07 8000 00 4000 00 Total assets as per the books of the company 534872 94174 COMPTROLLERGENERALS REPORT Items Not Admitted 2 Judgments furniture fixtures and safes 8000 00 3 Printing stationery etc 4 000 00 5 Agents balances not secured by bonds 34172 92 Total 9 Total assets less items not admitted 46172 92 488700 02 151351 00 VLIABILITIES 1 Net present value of all the outstanding poli cies in force on the 31st day of December 1897 computed according to the Actuarys Table of Mortality with four per cent in terest 151351 00 Net reinsurance reserve 5 Claims for death losses and matured endow ments in process of adjustment or adjusted and not due 30200 00 8 Present value of unpaid amounts on matured installment policies face 30000 20250 00 13 A mount due on account of salaries rents and office expenses 17 Liabilities on policyholders account 18 Gross surplus on policyholdersaccount 284 595 38 2303 64 204104 64 19 Total liabilities BUSINESS IN GEORGIA DURING 1897 No Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 43 Number and amount of policies on the lives of citizens of Georgia issued during the year 50 Total Deduct number and amount which have ceased to be in force during the year 34 Total number and amount of policies in force in Georgia December 31 1897 59 488700 02 Amount 153130 149655 302785 135625 167160 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks written during the year139 430 qq Premiums 3402 s9 34 02 Tax THE CONNECTICUT MUTUAL LIFE INSURANCE COMPANY HART FORD CONN ICAPITAL STOCK Amount of net ledger assets December 31 of previous year 60981671 61 Extended at 60981671 61COMPTROLLERGENERALS REPORT 175 IIINCOME DURING YEAR 1897 As Shown by the Books at the Home Office at Close of Business December 31 1 First years premiums less in terest included in deferred premiums 332891 94 2 Renewal premiums less inter est included in deferred pre miums 3144835 79 3 Dividends applied by policy holders to pay running pre miums see item 9 Disburse ments1093661 67 5 Surrender values applied to pay running premiums 1st year premiums 846854 renew als 2392972 see item 12 Disbursements 32398 26 6 Surrender values applied to pur chase paidup insurance and annuities see item 13 Dis bursements 139622 38 8 Total premium income 4743410 04 9 Rents from companys property 295490 43 10 interest on loans on mortgages of real estate2062054 79 11 Interest on collateral loans in cluding premium notes loans or liens 65059 82 12 Interest on bonds and dividends on stocks 693966 44 13 Interest on other debts due the company and on deposits in banks 34317 18 14 Discount on claims paid in ad vance 215581 interest on deferred premiums 2155 81 Total rents and interest 3153044 47 15 Profits on sales of real estate 3397339 on sale or matur ity of securities 3149150 17 From other sources Less miscellaneous charges profil and loss 65464 89 4 93 180 00 65289 82 Total income daring the year 7961744 33 Sum of both amounts 68943415 94 12c176 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS DURING YEAR 1897 A s Shown by the Books at the Home Office atClost of Business December 31 1 For death claims 405351523 additions 4053515 23 2 Matured endowments 403317 i 5 00 additions 403 317 00 Total net amount actually paid for losses and matured endowments 4456832 23 7 Premium notes voided by lapse less 1 11300 restored by revival 917 00 8 Dividends applied by policyholders less received for dividends on reinsur ances 190819 81 a Dividends applied by policyholders to pay running premiums see item 3 Income 1093661 67 u Surrender values paid less received on surrendered reinsurances 423196 12 12 Surrendered values applied to pay running premiums see item 5 Income 32398 26 13 Surrender values applied to purchase paidup insurance and annuities see item 3 Income 139622 38 Total paid policyholders 633744747 15 Commissions and bonuses to agents less commission received on reinsurances new policies 8777160 renewal policies 352330 74 17 Salaries and allowances for agencies in cluding managers agents and clerks 23999 82 18 Salaries and all other compensation officers 5863603 home office employees 91 57043 150206 46 19 Medical examiners fees 2236054 inspec tion of risks 22360 54 20 Taxes on new premiums 282790 renewal premiums 2545117 on franchise 151 41501 on reserves 1094715 on muni cipal and State licenses 239395 193035 18 21 Taxes on real estate 14837253 on other 148372 53 22 Insurance department fees and agents li 5530 72 23 Repairs and expenses other than taxes on 156834 27 24 Rent less 55200 received under sublease 6523 02 25 Advertising 3929946 printing ami sta tionery 2674647 postage 2122590 87271 83 26 Legal expenses 1518572 for furniture etc 15185 72 Express 356387 telegraph 140884 4972 71 COMPTROLLERGENERALS REPORT 177 Traveling 2152746 miscellaneous 926709 Total miscellaneous expenses 119741809 30794 55 Total disbursements 7534865 56 Balance 61408550 38 Invested in the following IVLEDGER ASSETS As per Ledger Accounts Shown by the Books at the Home Office at Close of Busi December 31 1 Book value of real estate unincum bered 984091484 incumbered 9840914 84 2 Mortgage loans on real estate first liens 3304567368 other than first 33045673 68 3 Loans secured by pledge of bonds stocks or other collaterals 2300 00 5 Premium notes on policies in force 984315 72 6 Book value bonds excluding interest 1592467425 stocks 47350416 16398178 41 7 Cash in companys office deposited in bank 113596553 1135965 53 J P Morgan Co N Y 35450292 First Natl Hartford 8262852 Conn Trust and Safe Deposit Co Hartford 298947 State Hartford 8834819 Farmers and Mechanics Hartford 664 83 Phoenix National Hartford 247 63800 City Hartford 6323510 4619 17 Totalr 61410967 35 DBDIKT LEDGER LIABILITIES 9 Agentscredit balances 241697 borrowed money aH other 2416 97 Total net ledger assets as per balance above 61408550 38 NONLEDGER ASSETS 10 Interest due 13197290 and accrued 614 59745 on mortgages 11 Interest due and accrued 15524691 on bonds and stocks 12 Interest due and accrued 2875 on collateral loans 13 Interest due 9547531 and accrued 32 32839 on premium notes loans or liens 15 Rents due 1596249 and accrued on companys property or lease 17 Market value of bonds and stocks over book value 746570 35 155246 91 28 75 127803 70 15962 491045612 20 771770 27178 COMPTROLLERGENERALS REPORT New Business Renewals 18 Gross premiums not more than three months due after period of grace unreported on policies outstanding December 31 20987 88 62363 56 19 Gross deferred premiums on pol 20 icies outstanding December 31 35326 12 Totals 56314 00 279733 27 342096 83 21 Deduct cost of collections 257 per cent on new 62 per cent on renewals 14472 70 Net amount of uncollected 21210 00 and deferred premiums 41841 30 320886 83 362728 13 33588660 98 DEDUCT ASSETS NOT ADMITTED 4 Loans on personal security endorsed or not receivable unsecured 461917 bills Total 4619 17 63584041 81 VNONLEDGEB LIABILITIES As Shown by the Books at Home Office at lose of Business De ember 31 1 Net present value of all the outstanding policies in force on the 31st day of December 1897 as computed by the corn 54924970 00 Total 54924070 XI 54924070 00 3 Matured endowments due and unpaid 10737 00 4 Death losses due and unpaid 58272 50 5 Death losses in process of adjustment or adjusted and not due 153731 00 6 Death losses which have been reported and no proofs received 54733 00 7 Death losses and other policy claims resisted by the company not yet outlawed Gross policy claims 63500 00 340973 50 340973 50 9 Unpaid dividends or other profits due policyholders in cluding those contingent on payment of outstanding and deferred premiums 699405 45 34176 02 12 Premiums paid in advance 13 Surrender values claimable on policies canceled whose re uorrim a rv rmt included in item 1 46653 00 14 Any other liability viz Additional reserve on account 182447 00 Liabilities on policyholders account 56227724 97 iross divisable surplus 7356316 84 Total 63584041 84 COMPTROLLERGENERALS REPORT 179 Buainem in Georgia During the Year No i Amount Number and amount of policies on the lives of citizens of said State in force December 31 of previous year 371 1118100 Number and amount of policies on the lives of citizens of said State issued during the year 49 83500 Total 420 1201600 Deduct number and amountwhich have ceased to be in force during the year 17000 Total number andamount of policies in force in said State December 31last 408 1184600 Amount of losses and chums on policies in said State in curred during the year A mount of losses and claims on policies in said State settled during the year in cash What amount of premiums was collected Or secured in said State during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 2647081 notes or credits total 2647081 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks written during the year 89000 00 femlUmS 650000 0S9eS 29562 Tax THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES NEW YORK N Y I CAPITAL STOCK 1 Amount of capital stock paid up incash 100000 00 Amount of net or ledger assets December 31 of previous year208679996 14 Extended at208679996 14 nINCOME DURING THE YEAR 1897 1 Cash received for premiums on new policies without deduc tions for commissions or other expenses 4192069 43 Cash received for renewal pre miums without deductions for commissions or other ex penses 30722853 78 3 From dividends applied to pur chase paidup additions and annuities 668012 49 A From surrender values applied to purchase paidup insurance and annuities 2082425 00180 COMPTROLLERGENERALS REPORT 5 Consideration for annuities other than matured installment policies 898886 12 38563273 65 1575275 47 5300861 95 1155403 94 1863149 63 114304 89 Total 38564276 82 6 Deduct amount of premiums paid to otner companies for reinsurance on policies in this company 1003 17 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned 11 Cash received for interest on other debts due the company 13 Cash received for rents for use of companys property including 250000 for companys own occupancy 19 From all other sources viz Profit and loss Total income 48572269 53 1 Total 257252265 67 IIIDISBURSEMENTS DURING THE 1 Cash paid for death claims including revisionary additions 11658139 55 3 Cash paid for matured endowments and additions thereto 1112484 49 5 Cash paid for sums falling due during the year on installment policies 65 314 03 tEAE 1897 Total 12835938 07 Total net amount actually paid for losses and matured endowments 8 Cash paid to annuitants 12835938 07 515692 00 1675853 74 668042 49 3328362 84 2082425 00 7000 00 4073899 70 375879 24 10 Cash dividends paid policyholders 12 Cash dividends applied to purchase paidup additions and annuities 15 Surrender values applied to purchase paidup insurance and annuities Total paid policyholders 2110631414 16 Cash paid stockholders for interest or divi 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 205517466 renewals 199444889 on annuities 2427615 18 Cash paid for salaries and allowances to managers and agents COMPTROLLERGENERALS REPORT 181 19 Cash paid for medical examiners fees and inspection of risks 327732 06 20 Cash paid for salaries and all other compensa tion of officers and other home office em ployees 628931 90 21 Cash paid for taxes on premiums 196088 49 21J Cash paid for taxes on real estate 288089 89 22 Cash paid for taxes on reserves 1186223 stamps and customs 437140 16233 63 23 Cash paid for insurance department fees and agents licenses 588843 municipal and State licenses 2126387 27152 30 24 Cash paid for rent 356444 78 25 Cash paid for commuting commissions 899201 09 26 Cash paid for furniture fixtures and safes for home and agency offices 4444 23 27 Cash paid for advertising 29719740 print ing and stationery 10653670 postage 7350402 477238 12 28 Cash paid for real estate expenses other than taxes 55460098 for legal expenses 144 47259 699073 57 29 Cash paid for the following items viz Cler ical traveling agency express telegraph cable freight telephone clerical guarantee bond premiums and general expenses 159554 47 29 Contingent guarantee fund 3500000 00 Total miscellaneous expenses 853696347 30 Total disbursements 33143277 61 31 Balance224108988 06 Invested in the following vASSETS AS PER LEDGER ACCOUNTS 1 Book value of real estate exclusive of all in cumbrances40413270 41 2 Loans on mortgage first liens on real estate 36175726 10 3 Loans secured by pledge of bonds stocks or other marketable collaterals 12051800 00 6 Book value of bonds and stocks owned exclud ing accrued interest at time of purchase 118234746 07 7 Cash in companys office 63354 94 8 Cash deposited in banks and trust companies atinterest16204468 89 10 Agents ledger balances 459058 67 Commuted commissions 506562 98 13 Total net or ledgerassets less depreciation224108988 06 OTHER ASSET 14 Interest due and accrued on mortgages 284117 22 16 Interest due and accrued on collateral loans 67465 37182 COMPTROLLERGENERALS REPORT 18 Interest due and accrued on other assets 19 Rents due and accrued on companys property or lease 66544 91 170618 55 21 23 24 25 26 23 Total carried out Market value of bonds and stocks over book value New Business Renewals Gross premiums due and unre ported less premiums paid in advance on policies in force December 31 1897 i 965449 00 2207509 00 Gross deferred premiums on pol icies in force December 31 97 196422 00 2231642 00 588746 05 7496621 93 Totals 1161871 00 4439151 00 Deduct loading 60 per cent on new and 5 per cent on re newals 697123 00 221957 00 Net amount of uncollected and deferred premiums 463748 00 4217194 00 4681942 00 Total assets as per the books of the company ITEMS NOT ADMITTED Commuted commissions 506562 98 Agents balances 459058 67 Total 236876308 04 965621 65 Total assets less items not admitted235910686 39 VLIABILITIES Net present value of all outstanding policies in force on the 31st day of December 1897 computed according to the actuaries table of mortality with four per cent interest by New York Ind department184191538 00 9 10 17 18 19 Net reinsurance reserve Claims for death losses due and unpaid Claims for matured endowments due and unpaid Claims for death losses and matured endowments in pro cess of adjustment or adjusted and not due Claims for death losses and other policy claims resisted by the company Amounts due and unpaid on annuity claims Present value of unpaid amounts on matured installment policies face 18994018 Death losses reported but no proofs received Amount of all unpaid dividends of surplus or other de scription of profits due policyholders Liabilities on policyholders account Gross surplus on policyholders account 184191538 00 143546 25 135870 41 10500 00 64725 00 41753 81 136875 00 1513568 73 94756 00 186333133 20 49577553 19 Total liabilities235910686 39COMPTROLLERGENERALS REPORT 183 in Georgia During 1897 No Amount Number and amount of policies on the lives of citizen of Georgia in force December 31 of previous year 3637 10322657 00 Number and amount of policies on the lives of citizens fii hw Georgia issued during the year 427 1917124 00 Total 4064 12239781 00 Deduct number and amount which have ceased tobe in force during the year437 1546219 00 Total number and amount of policies in force in Georgia December 31 1897 3627 10693562 00 Amount of losses and claims on policies inGeorgia un paid December 31 of previous year 1 i000 00 Amount of losses and claims on policies in Georgia in curred during the year 42 139267 00 Total 43 140267 00 Amount of losses and claims on policies in Georgia paid during te year 139177 00 Amount of premiums collected or secured in Georgia during the year in cash and notes or credits with out any deduction for losses dividends commis sions or other expenses Cash 33530050 BUSINESS IN GEORGIA DURING THE YEAR Risks written during the year Ifl Premiums S29 T 156681 66 es 329099 THE GERMANIA LIFE INSURANCE COMPANY NEW YORK N Y ICAPITAL STOCK 1 Amount of capital stock paid up in cash 200000 00 Amount of net or ledger assets December 31 of previous 21577101 48 yearExtenddatz21577101 IIINCOME DURING YEAR 1897 1 Cash received for premiums on new policies without deductions for commissions or other ex penses 380804 88 lJCash received for renewal pre miums without deductions for commissions or other expenses 2514166 98 3From dividends applied to pur chase paidup additions and an nuities see item 12 disburse ments 26590 25184 COMPTROLLERGENERALS REPORT 4JFrom surrender values applied to purchase paidup insurance and annuities see item 15 disburse ments 167003 33 5 Consideration for annuities other than matured installment poli cies 20412 22 Total 3108977 66 Deduct amount of premiums paid to other companies for reinsur ance on policies in this compa ny new business 98800 re newals 650240 7490 40 Total premium income3101487 26 8 Cash received for interest on mortgage loans 605370 03 9 Cash received for interest on bonds owned and dividends on stock 268550 56 10 Cash received for interest on premium notes loans Or liens 69330 52 11 Cash received for interest on other debts due the company 4067 15 13 Cash received for rents for use of companys property including 20760 for companys own occupancy 129047 83 14 Cash received for profits on sales of bonds or stocks 122853 06 19 From all other sources policy fees 1765 59 Total income 4302472 00 Total 25879573 48 IIIEXPENDITURES DURING YEAR 1897 1 Cashpaid for death claims includ ing revisionary additions 1075813 51 3 Cash paid for matured endowments and additions thereto 551963 45 Total 1627776 96 Total net amount actually paid for losses and matured endowments 8 Cash paid to annuitants 10 Cash dividends paid policyholders on paidup policies 11 Cash dividends of 1897 applied to pay running premiums see item 3 income due in 1897 12 Cash dividends applied to purchase paidup ad ditions and annuities see item 3J income 13 Surrender values paid in cash 15 Surrender values applied to purcase paidup in surance and annuities see item 4 income Total paid policyholders 221651134 16 Cash paid stockholders for interest and divi dends 627776 96 23822 01 10096 26 112325 63 26590 25 248899 90 167003 33 24000 00COMPTROLLERGENERALS REPORT 185 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 2289L907 renewals 111 53404 340453 11 18 Cash paid for salaries and allowances to mana gers and agents 114107 62 19 Cash paid for medical examiners fees 28262 37 20 Cash paid for salaries and all other compensa tion of officers and other home office em ployees 91549 72 21 Cash paid for taxes on new premiums and on renewals 16649 57 22 Cash paid for taxes on reserves 44283 on in vestments 2242634 22869 17 23 Cash paid for insurance department fees and agents licenses 183325 municipal and State licenses 303742 4870 67 24 Cash paid for rent including 20760 compa nys occupancy 20760 00 25 Cash paid for commuting commissions 4412 03 26 Cash paid for furniture fixtures and safes for home and agency offices 1620 45 27 Cash paid for advertising 1069076 printing 1340290 postage 148102 25574 68 28 Cash paid for real estate expenses other than taxes 4128161 for legal expenses 664168 47923 29 29 Cash paid for the following items viz Express age exchange and other expenses includ ing 935738 expended for improvements on companys property and 2609924 losses on sales of real estate 65756 89 Total miscellaneous expenses 80880957 Total disbursements 3025320 91 Balance 22854252 57 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all in cumbrances 2156152 74 2 Loans on mortgage first liens on real estate 12116795 80 4 Loans made in cash to policyholders on this Companys policies assigned as collateral 1319374 78 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 6575026 01 7 Cash in companys office 188166 cash in transit since received 14360273 145484 39 8 Cash deposited in banks 641417 95 11 Total net or ledger assets as per bal ance above 22854252 57 13 Total net or ledger assets less deprecia tion 22854252 571S6 COMPTROLLERGENERALS REPORT OTHER ASSETS 14 Interest due 9900 and accrued 17108616 on mortgages 180986 16 15 Interest due and accrued 4636255 on bonds and stocks 46362 55 19 Eents due 707456 and accrued 417500 on companys property or lease 11249 56 Total carried out 20 Market value of real estate over cost 21 Market value of bonds and stocks over cost New Business Renewals 23 Gross premiums due and unre ported on policies in force De cember 311897 44994 96 152214 98 24 Gross deferred premiums on poli cies in force December 31 1897 I 45425 08 289445 13 238598 27 64441 04 106119 13 Totals 90420 04 441660 11 25 Deduct loading 55 per cent on new and 5 per cent on re newals 4973102 22083 01 26 Net amount of uncollected and de ferred premiums 40689 02 419577 10 Extended 460266 12 Total assets as per the books of the company Total assets less items not admitted 23723677 13 23723677 13 VLIABILITIES 1 Net present value of all outstanding policies in force on the 31st day of December 1897 computed according to the Actuaries Table of Mortality with four per cent interest 20899907 00 Deduct net value of risks of this company re insured in other solvent companies 33899 00 Net reinsurance reserve 20 866008 00 3 Claims for death losses due and unpaid 1927 40 4 Claims for matured endowments due and un paid 5481 65 5 Claims for death losses and matured endow ments in process of adjustment or adjusted and not due 112434 43 6 Claims for death losses and other policy claims resisted by the company 45875 46 7 Amounts due and unpaid on annuity claims 1238 05 Total policy claims 166956 99 10 Amount of all unpaid dividends of surplus or other descrip tion of profits due policyholders 33951 39 16 Amount of any other liability of the company viz Pre miums paid in advance 342713 policies lapsed liable to be surrendered 789490 11322 03 Extra reserve for absolute dividend tontine war and world policies 73842 77COMPTROLLERGENERALS REPORT 187 17 18 19 Liability on policyholders account 21152081 18 Gross surplus on policyholders account 2571595 95 Total liabilities 23723677 13 20 Estimated surplus accrued on ton tine or other policies the profits upon which are especially re served for that kind of policies 373902 17 21 Estimated surplus accrued on all other policies 2197603 78 BUSINESS IN GEORGIA DURING 1897 Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year Number and amount of policies on the lives of citizens of Georgia issued during the year Total 60 9 69 111133 22500 Deduct number and amount which have ceased to be of force during the year Total number and amount of policies in force in Geor gia December 31 1897 Amount of losses and claims on policies in Georgia incurred during the year Amount of losses andclaims on policies in Georgia paid during the year 133633 17500 65 1 116133 2500 2500 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deductions for losses divi dends commissions or other expenses AnswerCash 114897 notes or credits total 114897 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks written during the year 81500 00 Premiums 2500 00 8SeS 1128 Tax THE HOME LIFE INSURANCE COMPANY NEW YORK N Y ICAPITAL STOCK 1 Amount of capital stock paid up in cash 125000 00 Amount of net or ledger assets December 31 of previous year 9007870 85 Extended at 9007870 85 IIINCOME DURING YEAR 1897 1 Cash received for premiums on new policies without deduc tions for commissions or other ex penses 235605 02188 COMPTROLLERGENERALS REPORT 1 Cash received for renewal pre miums without deductions for commissions or other ex 2 Premium notes loans or liens taken in part payment for premiums on new policies 2971 24 2 Premium notes loans or liens taken in part payment for re newal premiums 95232 50 3 From dividends applied to pay running premiums see item 11 Disbursements 33931 26 Z From dividends applied to pur chase paidup additions and annuities see item 12 Dis bursements 89461 65 4 From surrender values applied to pay running premiums see item 14 Disbursements 64 60 4 From surrender values applied to purchase paidup insurance and annuities see item 15 51280 20 5 Consideration for annuities other than matured install ment policies 18826 73 654549 81 Total 1 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 139452 renewals 549464 6889 16 1647660 65 126148 66 7 Total premium income 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and dividends on stock 169291 00 10 Cash received for interest on premium notes loans or liens 57425 45 11 Cash received for interest on o her debts due the company 3285 10 12 Cash received as discount on claims paid in 292 97 13 Cash received for rents for use of sompanys property including 2400000 for com panys own occupancy 94282 21 14 Oash received for profits on sale s of bonds or stocks 1557 72 19 From all other sources viz Matured in stallment policy 7355 00 Total income Total COMPTROLLERGENERALS REPORT 189 IIIDISBURSEMENTS DURING THE YEAR 1897 1 Cash paid for death claims in cluding revisionary additions 541224 77 2 Premium notes loans or liens used in payment of the same 20784 65 3 Oash paid for matured endow ments and additions thereto 103558 55 4 Premium notes loans or liens used in the payment of same 2533 43 5 Oash paid for sums falling due during the year on install ment policies 7355 00 Total 675456 40 7 Total net amount actually paid for losses and matured endowments 675456 40 8 Cash paid to annuitants 19729 44 9 Premium notes loans or liens used in pur chase of surrendered policies 21705 16 93 Premium notes loans or liens used in pay ment of dividends to policyholders 30129 26 10 Cash dividends paid policyholders 3866 24 11 Cash dividends applied to pay running pre miums see item 3 Income 33931 26 12 Cash dividends applied to purchase paidup additions and annuities see item 3 In come 89461 65 Surrender values paid in cash 88651 41 Surrender values applied to pay running premiums see item 4 Income 64 60 Surrender values applied to purchase paid up insurance and annuities see item 44 Income 51280 20 Total paid policyholders 101427562 16 Cash paid stockholders for interest or divi dends 15000 00 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 12514687 renewals 89 34245 214489 32 Cash paid for salaries and allowances to managers and agents 65199 62 19 Cash paid for medical examiners fees 19 05100 inspection of risks 165139 20702 39 20 Cash paid for salaries and all other com pensation of officers and other home office employees 80314 16 Paid for taxes on new premiums and on re newals 14742 48 Cash paid for taxes on reserves 69847 on investments 698 47 23 Cash paid for insurance department fees and agents licenses 618299 municipal li censes 121424 7387 23 13 14 15 17 18 21 22190 COMPTROLLERGENERALS REPORT 24 Cash paid for rent including 2400000 companys occupancy 24899 99 25 Cash paid for commuting commissions 17796 71 27 Cash paid for advertising 763117 print ing 1363304 21264 21 28 Cash paid for real estate expenses other than taxes 2663482 for legal expenses 674699 33381 81 2 Cash paid for the following items viz postage 238200 losses on securities 639346 traveling and office expenses 836116 taxes on real estate 1068548 27822 10 Total miscellaneous expenses 54370849 30 Total disbursements 1557984 11 31 Balance 9557185 50 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 1603437 63 2 Loans on mortgage first liens on real estate 3048247 52 3 Loans secured by pledge of bonds stocks or other marketable collaterals 38400 00 4 Loans made in cash to policyholders on this companys policies assigned as collateral 432814 23 5 Premium notes loans or liens on policies in force of which 297124 was received during the year 482171 85 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 3587011 67 8 Cash deposited in banks 281661 76 10 Agents ledger balances 83440 84 11 Total net or ledger assets as per balance above 9557185 50 13 Total net or ledger assets less depreci ation 9557185 50 OTHER ASSETS II Interest due and accrued on mortgages 50432 31 15 Interest due and accrued on bonds and stocks 44397 35 16 Interest due and accrued on collateral loans 382 00 17 Interest due and accrued on premium notes loans or 1 iens 1465 37 18 Interest due and accrued on other assets 7592 70 19 Rents due and accrued on companys prop erty or lease 7678 63 Total carried out 111948 36 20 Market value of real estate over cost 95 516 68 21 Market value of bonds and stocks over cost 103500 16 22 Due from other companies for losses or claims on policies of this company reinsured 12 500 00COMPTROLLERGENERALS REPORT 191 New Business 23 Gross premiums due and unre ported on policies in force De cember 311897 32964 89 24 Gross deferred premiums on policies in force December 31 1897 19288 60 Totals 25 Deducting cost of collection 52 15 per cent on new and 1 per cent on renewals 27349 25 26 Net amount of uncollected and deferred premiums 24904 24 Renewals 84973 67 75677 52253 49 160651 63 12048 87 148602 76 173507 00 28 Total assets as per the books of the company10054157 70 ITEMS NOT ADMITTED 5 Agents balances 83440 84 Total 83440 84 Total assets less items not admitted 9970716 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of Decem ber 1897 computed according to the Ac tuaries Table of Mortality with four per cent interest Deduct net value of risks of this com pany reinsured in other solvent com panies 8700439 00 12109 00 Net reinsurance reserve 8688330 00 4 Claims for matured endowments due and unpaid 5 Claims for death losses and matured en dowments in process of adjustment or ad justed and not due 6 Claims for death losses and other policy claims resisted by the company 8 Present value of unpaid amounts on ma tured installment policies face 2500000 included in official valuation made in NY ins dept 80 00 93286 00 47802 00 16151 00 Total policy claims 157319 00 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 4261 79 16 Amount of any other liability of the company viz Pre miums paid in advance 399 58 Reserves and policies canceled and not included in item 1 upon which a surrender value may be demanded 5002 00 13c192 COMPTROLLERGENERALS REPORT 17 18 19 Liabilities on policyholders account 8862312 37 Net surplus on policyholders account 1108404 49 Total liabilities 5970716 86 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 480911 05 2 Premium notes loans or liens received dur ing the year on new policies 297124 on old policies 9697141 3942 65 Total Deductions during the year as follows Amount of notes loans or liens used in payment of losses and claims Amount of notes loans or liens used in purchase of surrendered policies Amount of notes loans or liens used in payment of dividends to policyhold ers Amount of notes loans or liens re deemed by maker in cash 580853 70 23318 08 21705 16 30129 26 23529 35 Total reduction of premium note account 3681 85 Balance note assets at end of the year 4S2171 85 Business in Georgia During 1897 Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 79 Number and amount of policies on the lives of citizens of Georgia issued during the year 134 Total Deduct number and amount which have ceased to be rorce during the year 213 245578 268705 514283 102413 Total number and amount of policies in force in Georgia December 311897 146 mm What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses divi dends commissions or other expenses Answer Cash 1189437 notes or credits 186925 totals 1376362 BUSINESS IV GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks written during the year qQ7 ft Premiums 33756 00 Tax 15959 06 159 59COMPTROLLERGENERALS REPORT 193 IOWA LIFE INSURANCE COMPANY SIOUX CITY IOWA ICAPITAL STOCK 1 Amount of capital stock paid up in cash 100000 00 2 Amount of net or ledger assets December 31 of previous year 344003 76 Extendedat 344003 76 IIINXOME DURING YEAR 1897 I Cash received for premiums on new policies without deductions for commissions or other expenses 128276 79 1J Cash received for renewal pre miums without deductions for commissions or other ex penses 139545 74 4 From surrender values applied to pay running premiums 4377 09 4 From surrender values ap plied to purchase paidup insurance and annuities 1597 02 Total 273796 64 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 140821 renewals 10 59579 12004 00 7 Total premium income 261792 64 8 Cash received for interest on mortgage loans 8985 90 10 Cash received for interest on premium notes loans or liens 1959 04 II Cash received for interest on other debts due the company 6219 83 13 Cash received for rents for use of companys property including for companys own occupancy 40 82 Total income 278998 23 Total 62300199 IIIDISBURSEMENTS DURING YEAR 1897 1 Cash paid for death claims in cluding re visionary addi tions 61000 00 5 Cash paid for sums falling due during the year on install ment policies 750 00 Total 61750 00194 COMPTROLLERGENERALS REPORT 6 Deduct amount received lrom other companies for losses or claims on policies of this company reinsured of which is for matured endowments 10000 00 7 Total net amount actually paid for losses and matured endowments 51750 00 9 Premium notes loans or liens used in pur chase of surrendered policies voided by lapse 175331 1753 31 13 Surrender values paid in cash 12176 75 14 Surrender values applied to pay running pre miums 4377 09 15 Surrender values applied to purchase paidup insurance and annuities 1597 02 Total paid policyholders 7165417 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 7926622 renewals 923175 88497 97 18 Cash paid for salaries and allowances to man agers and agents 29718 40 19 Cash paid for medical examiners fees 918945 inspection of risks 34689 9536 34 20 Cash paid for salaries and all other compen sation of officers and other home office employees 26995 87 21 Cash paid for taxes on new premiums and on renewals 5490 77 22 Cash paid for taxes on reserves on investments 3875 38 75 23 Cash paid for insurance department fees and agents licenses 243671 municipal li censes 17500 2611 71 24 Cash paid for rent including compmys occupancy less received under sub lease 3753 66 26 Cash paid for furniture fixtures and safes for home and agency offices 240 14 27 Cash paid for advertising 314832 print ing 256518 5713 50 28 Cash paid for real estate expenses other than taxes 24115 for legal expenses 304890 3290 05 29 Cash paid for the following items viz Postage 124940 losses on maturity of securities 15000 actuarial services 110000 exch and coll 36966 ex penses 232 22 fire insurance 1525 misc expenses 42812 telegrams 34966 telephone 21335 4107 56 Total miscellaneous expenses 17999472 30 Total disbursements 251648 891 31 Balance 371353 10COMPTROLLERGENERALS REPORT 195 IVASSETS AS PER LEDCxER ACCOUNT 1 Cost value of real estate exclusive of all incumbrances 2 Loans on mortgage first liens on real estate 172608 74 other than first liens 300000 3 Loans secured by pledge of bonds stocks or other marketable collaterals 4 Loans made in cash to policyholders on this companys policies assigned as collateral 5 Premium notes loans or liens on policies in force of which was received dur ing the year 6 Cost value of bonds and stocks excluding ac crued interest at time of purchase 7 Cash in companys office Cash deposited in banks 30174 S3 9 Bills receivable 15845 37 10 Agents ledger balances of which was advanced during the year 43051 8 Tax sale certificates 7172 84 800 00 175608 74 33910 00 25539 69 16918 62 19000 00 3331 43 11 13 Total net or ledger assets as per balance above 371353 10 Total net or ledger assets less depreciation 371353 10 Other Assets 14 Interest due 598565 and accrued 42150 on mortgages 15 Interest due 37500 and accrued 33333 on bonds and stocks 16 Interest due 173560 and accrued on collateral loans TL7 Interest due and accrued 65803 on premium notes loans or liens 18 Interest due and accrued 16184 on other assets 6408 15 708 33 1735 60 658 03 161 84 Total carried out 20 Market value of real estate over cost New Business 23 Gross premiums due and un reported on policies in force December 311897 24 Gross deferred premiums on policies in force December 31 1897 9670 95 400 00 41590 26 3046 33 Totals 44636 59 25 Deducting loading 50 per cent on new and 5 per cent on renewals 22318 29 Renewals 8630 40 17341 00 25971 46 1298 57196 COMPTROLLERGENERALS REPORT 22318 30 24672 89 26 Net amount of uncollected and deferred premiums Extended 27 Furniture fixtures and safes 642691 commuted com missions judgments 28 Total assets as per the books of the company Items Not Admitted 2 Judgments furniture fixtures and safes 642691 5 Agents balances not secured by bonds 7 Bills receivable unsecured Premiums loans or noes and net premiums in item 25in excess of reserve Total Total assets less items not admitted VLIABILITIES 1 Net present value of all the outstanding pol icies in force on the 31st day of December 1897 computed according to The Actu aries Table of Mortality with 4 per cent interest Special reserve cost of term insurance Total Deduct net value of risks of this company reinsured in other solvent companies Net reinsurance reserve 5 Claims for death losses and matured endow ments in process of adjustment or adjusted and not due 0 Claims for death losses and other policy claims resisted by the company 8 Present value of unpaid amounts on matured installment policies face 1400000 9 Amount of trust funds held by the company Due from solvent companies for reinsurance 6426 91 14248 08 5571 75 8355 25 232642 92 44330 40 276973 32 1612 18 2550 00 2000 00 9727 50 14277 50 9729 52 Total policy claims 16 Amount of any other liability of the company viz Pre miums paid in advance Surrendered values claimable on policies canceled whose reserves are not included in item 1 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 19 Total liabilities 46991 19i 6426 91 434842 15 34601 99 400240 16 275361 14 4547 9t 4744 47 11861 28 296514 85 103725 31 400240 16COMPTROLLERGENERALS REPORT 197 VPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cembar 31 of previous year 2 Premium notes loans or liens received dur ing the year on new policies and on old policies 20087 23 3616 38 Total Deductions during the year as follows Amount of notes loans or liens voided by lapse Amount of notes loans or liens re deemed by maker in cash Total reduction of premium note account Balance note assets at end of the year 23703 61 1753 31 5031 68 6784 99 Business in Georgia during 1897 No Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year Number and amount of policies on the lives of citizens of Georgia issued during the year 19 16918 62 Amount 10700 00 28700 00 Total Deduct number and amount which have ceased to be 26 12 in force during the year Total number and amount of policies in force in Georgia December 31 1897 I4 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commis sions or other expenses Answer Cash 35226 notes or creJits total BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 38700 00 16200 00 Risks Premiums Tax 22500 00 352 26 110500 00 443 35 4 43 THE MANHATTAN LIFE INSURANCE COMPANY NEW YORK N Y ICAPITAL STOCK 1 Amount of capital stock paid uiincash 100000 00 Extended at nINCOME DURING THE YEAR 1 Cash received for premiums on new policies without deduc tions for commissions or other expenses 149268 77198 COMPTROLLERGENERALS REPORT 1J Cash received for renewal pre miums without deductions for commissions or other ex penses 1437357 37 2J Premium notes loans or liens taken in part payment for renewal premiums 149293 50 3 From dividends applied to pay running premiums 28901 90 3J From dividends applied to pur chase paidup additions and annuities 4Q7 97 4 From surrender values applied to purchase paidup insur ance and annuities 93729 25 5 Consideration for annuities other than matured install ment policies 12132 94 Total 1891151 70 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company New business 318360 renewals 727658 10460 18 7 Total premium income 1880691 52 8 Cash received for interest on mortgage loans 196083 39 9 Cash received for interest on bonds owned and dividends on stock 209700 20 10 Cash received for interest on premium notes loans or liens 51615 19 11 Cash received for interest on other debts due the company 48880 23 13 Cash received for rents for use of companys property including 50000 for companys own occupancy 217929 18 14 Cash received for profits on sales of bonds or stocks 34980 36 16 From dividends and surrender values on re insurance o 549 34 17 Premium notes loans or liens restored by revival of policies 0935 83 19 From all other sources viz Sund P and L entries 197 46 Total income 2645562 70 Total 16284067 21 III DISBURSEMENTS DURING YEAR 1897 1 Cash paid for death claims in cluding revisionary additions 977112 50 2 Premium notes loans or liens used in payment of the same 22056 77COMPTROLLERGENERALS REPORT 199 858 96 3217 23 28901 90 467 97 155105 32 3 Cash paid for matured endow ments and additions thereto 221769 00 Total 1220938 27 7 Total net amount actually paid for losses and matured endowments 1220938 27 8 Cash paid to annuitants 11992 52 9 Premium notes loans or liens used in pur chase of surrendered policies 2360756 void by lapse 1909924 42706 80 9J Premium notes loans or liens used in pay ment of dividends to policyholders 10 Cash dividends paid policyholders 11 Cash dividends applied to pay running pre miums 12 Cash dividends applied to purchase paidup additions and annuities 33 Surrender values paid in cash 15 Surrender values applied to purchase paidup insurance and annuities 93729 25 Total paid policyholders 155791822 16 Cash paid stockholders for interest or divi dends 16000 00 17 Cash paid for commissions and bonuses to agents less commission on reinsurance New policies 8992863 renewals 115 88133 annuities 47793 206287 89 18 Cash paid for salaries and allowances to managers and agents 48364 38 19 Cash paid for medical examiners fees 3000502 inspection of risks 342925 33434 27 20 Cash paid for salaries and all other compen sation of officers and other home office employees 93761 99 21 Cash paid for taxes on premiums 14977 64 22 Cash paid for taxes on reserves 172960 on real estate 2621663 27946 23 23 Cash paid for insurance department fees and agents licenses 308776 municipal licen ses 279588 5883 64 24 Cash paid for rent including 50000 compa nys occupancy 64271 37 26 Cash paid for furniture fixtures and safes for home and agency offices 218 69 27 Cash paid for advertising 1848616 print ing 792942 postage 587357 32289 15 28 Cash paid for real estate expenses other than taxes 5819617 for legal expenses 2185402 80050 19 29 Cash paid for the following items 16940 77 Total miscel expenses 64042621 30 Total disbursements 2198344 43 31 Balance 14085722 78200 COMPTROLLERGENERALS REPORT Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all in cumbrancea 3585239 65 2 Loans on mortgage first liens on real estate 4827301 07 3 Loans secured by pledge of bonds stocks or other marketable collaterals 795762 50 4 Loans made in cash to policyholders on tins companys policies assigned as collateral 360549 10 5 Premium notes loans or liens on policies in force 496851 23 6 Oost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 3684438 90 7 Cash in companys office 3589 71 8 Cash deposited in banks 331990 62 11 13 Total net or ledger assets as per balance above14085722 78 Total net or ledger assets less depreciation 14085722 78 OTHER ASSETS 14 Interest due 522398 and accrued 88 46867 on mortgages 93692 65 15 Interest due and accrued on bonds and stocks 2987 50 16 Interest due and accrued on collateral loans 4995 17 17 Interest due and accrued on premium notes loans or liens 15439 17 18 Interest due and accrued on other assets 1799 39 19 Rents due and accrued on companys prop erty or lease 13827 15 Total carried out 20 Market value of real estate over cost 21 Market value of bonds and stocks over cost 23 Gross premiums due and unre ported on policies in force December 31 24 Gross deferred premiums on policies in force December 31 53153 35 4227 00 83814 78 99176 00 132741 03 365926 34 137104 60 Totals 57380 35 182990 78 25 Deduct cost of collection 55 per cent on new and 7 per cent on renewals 31559 20 13724 31 26 Net amount of uncollected and deferred premiums 25821 15 169266 47 195087 62 27 Commuted commissions 160536 44 Agents balances 66 822 46 28 Total assets as per the books of the company 15941394 27COMPTROLLERGENERALS REPORT 201 ITEMS NOT ADMITTED 3 Commuted commissions 160536 44 5 Agents balances 66822 46 227358 90 9 Total assets less items not admitted 14916582 37 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1897 computed according to the Actuaries Table of Mortality with four per cent interest 13427859 00 Deduct net value of risks of this company reinsured in other solvent companies 7124 00 13420735 00 Net reinsurance reserve 5 Claims for death losses and matured endow ments in process of adjustment or adjust ed and not due 6 Claims for death losses and other policy claims resisted by the company 147984 33 75671 40 Total policy claims 10 Amount of all unpaid dividends of surplus or other descrip tion of profits due policyholders 16 Amount of any other liability of the company viz Pre miums paid in advance Lapsed policies 13151 commissions due agents on pre mium notes when paid 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 19 Total liabilities VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 2 Premium notes loans or liens received dur ing the year on new policies on old policies Restored by renewal of policies 223655 73 15421 44 14717 31 16864 45 13691393 93 1225188 44 14916582 37 525617 82 148157 67 1135 83 Total Deductions during the year as follows Amount of notes loans or liens used in pay ment of losses and claims Amount of notes loans or liens used in pur chase of surrendered policies Amount of notes loans or liens voided by lapse Amount of notes loans or liens used in pay ment of dividends to policyholders Amount of notes loans or liens redeemed by maker in cash Total reduction of premium note account Balance note assets at end of the year 674911 32 674911 32 22056 77 23607 56 19099 24 858 96 112437 56 178060 09 178060 09 496851 23202 COMPTROLLERGENERALS REPORT Business in the State of Georgia During 1897 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 896 2090328 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 71 85678 00 Total 967 2176006 00 Deduct number and amount which have ceased to be in force during the year 91 204854 00 Total number and amount of policies in force in Georgia December 311897 876 1971152 00 Amount of losses and claims on policies in Georgia un paid December 31 of previous year 2 6000 00 Amount of losses and claims on policies in Georgia in curred during the year 17 37979 00 Total 19 43979 00 Amount of losses and claims on policies in Georgia paid during the year 19 43979 00 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses div idends commissions or other expenses Answer Cash notes or credits total 8813629 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks written during the year 27000 00 Premiums 42671 67 Losses 36408 00 Tax 426 71 MARYLAND LIFE INSURANCE COMPANY BALTIMORE MD ICAPITAL STOCK 1 Amount of capital stock paid up in cash 100000 00 Amount of net or ledger assets December 31 of previous year 1741155 76 Extended at 1741155 76 IIINCOME DURING THE YEAR 1897 1 Cash received for premiums on new policies without deduc tions for commissions or other expenses 31136 37 14 Cash received for renewal premiums without deduc tions for commissions or other expenses 158864 88 2 Premium notes loans or liens taken in part payment for renewal premiums 671 00COMPTROLLERGENERALS REPORT 203 3 From dividends applied to pay running premiums see item 11 disbursements 12665 96 S From dividends applied to purchase paid up additions and annuities see item 12 disbursements 1282 80 4 From surrender values applied to pay running premiums see item 14 disbursements 635 14 Total 205256 15 6 Deduct amount of pre miums paid to other com panies for reinsurance on policies in this company 5835 16 7 Total premium income 199420 99 8 Cash received for interest on mortgage loans 17972 95 9 Cash received for interest on bonds owned and dividends on stock 49798 64 10 Cash received for interest on premium notes loans or liens 1047 25 11 Cash received for interest and other debts due the company 4092 44 12 Cash received as discount on claims paid in advance 161 00 13 Cash received for rents for use of compa nys property 9636 31 14 Cash received for profits on sales of bonds or stocks 313 75 16 From surrender values on reinsurance 808 43 Total income Total IIIDISBURSEMENTS DURING YEAR 1897 283251 76 2024407 52 1 Cash paid for death claims in cluding revisionary additions 2 Premium notes loans or liens used in payment of the same 3 Cash paid for matured endow ments and additions thereto Total 6 Deduct amount received from other companies for losses or claims on policies of this com pany reinsured 87517 54 535 00 11661 00 99713 54 5000 00 for Total net amount actually paid losses and matured endowments Cash paid to annuitants Premium notes loans or liens used in purchase of surrendered policies voided by lapse 94713 54 758 96 578 14204 COMPTROLLERGENERALS REPORT Premium notes loans or liens used in pay ment of dividends to policyholders 432 04 10 Cash dividends paid policyholders 875 65 11 Cash dividends applied to pay running pre miums see item 3 income 12235 92 12 Cash dividends applied to purchase paidup additions and annuities see item 3 in come 1282 80 13 Surrender values paid in cash 1233656 14 Surrender values applied to pay running pre miums see item 4 income 635 14 Returned premiums 66 00 Total paid policyholders 12391275 16 Cash paid stockholders for interest or divi dends 600 00 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 1642964 renewals 7 88864 24318 28 18 Cash paid for salaries and allowances to managers and agents 5907 33 19 Cash paid for medical examiners fees 3081 50 20 Cash paid for salaries and all other com pensation of officers and other home office employees 22696 50 21 Cash paid for taxes on new premiums 27308 on renewals 112596 on invest ments 500 1403 04 22 Cash paid for taxes on real estate 2618 53 23 Cash paid for insurance department fees and agents licenses 46929 municipal licenses 115808 1627 37 24 Cash paid for rent including 790 compa nys occupancy less 90 received under sublease 700 00 27 Casli paid for advertising 142595 print ing etc 107317 2499 12 28 Cash paid for legal expenses 975 57 29 Cash paid for the following items viz post age 80455 fire ins prem 63284 li brary bureau account 39806 sundry expenses 370472 5540 17 Loss on securities on account of reorganiza tion 4090 00 30 Total disbursements 205369 26 31 Balance 1819038 26 Deduct agents balances charged off 6195 65 Balance 1812842 61 Invested in the followingCOMPTROLLERGENERALS REPORT 205 7 8 10 11 12 13 14 15 16 18 19 21 23 24 IVASSETS AS PEE LEDGER ACCOUNTS Cost value of real estate exclusive of all in cumbrances 219647 21 Loans on mortgage first liens on real estate 291076 26 Loans secured by pledge of bonds stocks or other marketable collaterals 20000 00 Loans made in cash to policyholders on this companys policies assigned as col lateral 42393 38 Premium notes loans or liens on policies in force of which about 800 is for first years premiums 22634 12 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 1125179 06 Cash in companys office 530 87 Cash deposited in banks and in trust com panies 65869 64 Agents ledger balances 6888 42 2915 20 Total net or ledger assets as per balance above 1797134 16 Deduct depreciation from cost of assets to bring the same to market value 3647 21 Total net or ledger assets less depreciation OTHER ASSETS Interest due 44012 and accrued 499351 on mortgages Interest due and accrued 533264 on bonds and stocks Interest due and accrued 25000 on collateral loans Interest due and accrued 19133 on other assets 191 33 Rents due and accrued on companys prop erty or lease 5433 63 5332 64 250 00 1011 69 Total carried out Market value of bonds and stocks over cost New Business Gross premiums due and unre ported on policies in force De cember 311897 4611 44 Gross deferred premiums on pol icies in force December 311897 3486 31 Kenewals 26 Totals Deducting loading 20 per cent on new and 20 per cent on renewals Net amount of uncollected and deferred premiums Extended 8097 75 1619 55 6938 07 16522 01 23460 08 4692 01 6478 30 18768 07 1793486 95 12219 29 38778 30 25246 27 Total assets as per the books of the company 1869730 81206 COMPTROLLERGENERALS REPORT ITEMS NOT ADMITTED 5 Agents balances 6888 42 Total assets less items not admitted 62842 39 VLIABILITIES 1 Net present value of all the outstanding pol icies in force on the 31st day of Decem ber 1897 computed according to the American Experience Table of Mortality with four per cent interest companys valuation 1584809 00 Deduct net value of risks of this company reinsured in other solvent companies 23250 00 Net reinsurance reserve 3 Claims for death losses due and unpaid un claimed 4 Claims for matured endowments due and unpaid unclaimed 5 Claims for death losses and matured endow ments in process of adjustment or ad justed and not yet due 6 Claims for death losses of which no proof received 1561559 00 2031 98 219 66 6500 00 6021 60 Total policy claims 10 Amount of all unpaid dividends or surplus or other de scription of profits due policyholders 16 Amount of any other liability of the company viz Pre miums paid in advance 85403 other indebtedness 57675 17 18 14773 24 5052 34 1430 78 Liability on policyholders account Gross surplus on policyholders account 19 Total liabilities 20 Estimated surplus accrued on tontine or other policies the profits upon which are especially reserved for that class of policies 52000 20 21 Estimated surplus accrued on all other policies 227836 83 VI PREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 18188 26 2 Premium notes loans or liens received dur ing the year on old policies 722 24 1582815 36 280027 03 1862842 39 Total Deductions during the year as follows Amount of notes loans or liens Used in payment of loses and claims Voided by lapse charged off balance Used in payment of dividends to policy holders 18910 0 535 00 294 32 432 04 Total reduction of premium note account Balance note assets at end of the year 1361 36 17649 14COMPTROLLERGENERALS REPORT 207 BUSINESS IN GEORGIA DURING 1897 No Amount Number and amount of policies on the lives of citizens of Georgia in force Dec 31 of previous year estimated 254 503000 Number and amount of policies on the lives of citizens of Geoergia issued during the year 127 204770 Total 381 707770 Deduct number and amount which have ceased to be of force during the year 94 152500 Total number and amount of policies in force in Georgia December 31 1897 estimated 287 555270 Amount of losses and claims on policies in Georgia un paid December 31 of previous year 1 1000 Amount of losses and claims on policies in Georgia paid during the year 1 1000 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses div idends commissions or other expenses AnswerTotal 1649743 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks written during the year 163000 00 Premiums 16411 07 Losses 10380 00 Tax 164 11 THE MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY SPRINGFIELD MASS ICAPITAL STOCK Extended at 17521970 51 IIINCOME DURING THE YEAR 1897 1 Cash received for premiums on new policies without deduc tions for commissions or other expenses 530254 73 1 Cash received for renewal pre miums without deductions for commissions or other ex penses 2664249 20 2 Premium notes loans or liens taken in part payment for re newal premiums 186769 37 3 From dividends applied to pay running premiums see item 11 Disbursements 378157 30 Z4 From dividends applied to purchase paidup additions see item 12 Disbursements 51200 47 4 From surrender values applied to purchase paidup insurance see item 15 Disbursements 5519 00 Total3816150 07 14c20S COMPTROLLERGENERALS REPORT Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 14 81055 renewals 3328360 48094 15 7 Total premium income 3768055 92 8 Cash received for interest on mortgage and collateral loans 478631 66 9 Cash received for interest on bonds owned and dividends on stock 344958 59 10 Cash received for interest on premium notes loans or liens 45603 66 12 Cash received as discount on claims paid in advance 1348 64 13 Cash received for rents for use of companys property including 400000 for com panys own occupancy 20660 63 16 From dividends and surrender values on re insurances 10683 12 17 Premium notes loans or liens restored by revival of policies 9635 67 Total income 4679577 Total IIIDISBURSEMENTS DURING YEAR 1897 1 Cash paid for death claimsin cluding revisionary additions 979323 39 2 Premium notes loans or liens used in payment of the same 16551 67 3 Cash paid for matured endow ments and additions thereto 146474 92 4 Premium notes loans or liens used in payment of same 1796 08 5 Cash paid for sums falling due during the year on install ment policies 7700 00 Total1151846 06 6 Deduct amount received from other companies for losses or claims on policies of this com pany reinsured 13227 00 22201548 40 7 Total net amount actually paid for losses and matured endowments 8 Dividends used in payment of premium notes 9 Premium notes loans or liens used in pur chase of surrendered policies and voided by lapse 10 Cash dividends paid policyholders 11 Cash dividends applied to pay running pre miums see item 3 Income 37815730 including interest on loan notes 210436 1138619 06 66368 49 72677 11 21059 57 380261 66COMPTROLLERGENERALS REPORT 209 12 Cash dividends applied to purchase paidup additions see item Income 51200 47 13 Surrender values paid in cash 377750 49 15 Surrender values applied to purchase paid up insurance see item 4J Income 5 51900 including interest 165477 7173 77 Total paid policyholders 211511062 17 Cash paid for commissions and bonuses to agents less commission on reinsurances new policies 26203023 renewals 203 39067 465420 90 Cash paid for salaries and allowances and traveling expenses to managers and agents 71725 94 Cash paid for medical examiners fees 43498 50 Cash paid for salaries and all other compen sation of officers and other home office employees 114158 98 Cash paid for taxes on new premiums and on renewals 28321 05 Cash paid for taxes on reserves 24040 18 Cash paid for insurance department fees and agents licenses 900221 municipal licenses 88892 9891 13 24 Cash paid for rent including 400000 com panys occupancy less 38400 received under sublease 27477 01 Cash paid for furniture fixtures and safes for home and agency offices 4171 59 Cash paid for advertising 1317777 print ing and stationery 1782368 and post age 1556804 46569 49 Cash paid for real estate expenses other than taxes 1080658 for legal expenses 1562911 26435 69 Cash paid for the following items viz Taxes on real estate 6548 13 Cash paid for all other items 23725 13 Profit and loss including 5025013 pre miums on securities purchased 77010 41 Total miscellaneous expenses 40920812 18 19 20 21 22 23 26 27 28 29 Total disbursements 3084104 75 Balance 19117443 65 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all in cumbrances 576636 76 2 Loans on mortgage first liens on real es tate 7325862 22 3 Loans secured by pledge of bonds stocks or other marketable collaterals 460220 00210 COMPTROLLERGENERALS REPORT 7 8 13 14 15 16 17 18 19 21 23 24 25 26 28 1 Loans made in cash to policyholders on this companys policies assigned as collat eral 1632268 30 Premium notes loans or liens on policies in force of which 18676937 less 654837 given for reinsurance was received dar ing the year 716730 87 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 7325437 62 Cash in companys office 3120 07 Cash deposited in banks all of which is drawing interest at 4 per cent 1077167 81 Total net or ledger assets less depreciation 19117443 65 OTHER ASSETS Interest due 677393 and accrued 101 84604 on mortgages 108619 97 Interest due 390000 and accrued 95 22743 on bonds and stocks 99127 43 Interest due 5540 and accrued 3044932 on collateral and policy loans 30504 72 Interest due and accrued 2150193 on premium notes loans or liens 21501 93 Interest due and accrued 65290 on other assets 652 90 Rents due and accrued 705491 on companys property or lease 7054 91 Total carried out 267461 88 Market value of bonds and stocks over cost 412726 63 New Business Gross premiums due and unre ported on policies in force December 31 1897 81336 75 Gross deferred premiums on policies in force December 31 1897 Renewals 133541 28 77780 23 Totals 159116 98 Deducting loading 20 per cent on new and 20 per cent on renewals 31823 40 388610 33 522151 61 104430 32 Net amount of uncoliected and deferred premiums 127293 58 417721 29 545014 87 Total assets as per the books of the company 20342647 01 VLIABILITIES Net present value of all the outstanding policies in force on the 31st day of De cember 1897 computed according to the Actuaries Table of Mortality with four per cent interest including reversionary additions 18493844 00COMPTROLLERGENERALS REPORT 211 Deduct net value of risks of this com pany reinsured in other solvent com panies 232858 less premiums deferred and in course of collection 10773 2220 85 Net reinsurance reserve 18271759 00 5 Claims for death losses and matured en dowments in process of adjustment 86644 95 6 Claims for death losses and other policy claims resisted by the company 4000 00 8 Balance of installment policy death claims not yet due 99839 33 Total policy claims 190484 28 10 Amount of all unpaid dividends of surplus or other de scription of profits due and to become due policyhold ers 116553 05 16 Amount of any other liability of the company viz pre miums paid in advance 5557 76 17 Liabilities on policyholders account 18584354 09 18 Gross surplus on policyholders account 1758292 92 19 Total liabilities 20342647 01 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 707076 68 2 Premium notes loans or liens received during the year on new policies on old policies 186769 37 Premium notes loans or liens restored by revival of policies 9635 67 Total 903481 72 Deductions during the year as follows Amount of notes loans or liens used in payment of losses and claims 18347 75 Amount of notes loans or liens used in purchase of surrendered policies and voided by lapse 72677 11 Amount of notes loans or liens used in payment of dividends to policyholders 66368 49 Amount of notes loans or liens redeemed by maker in cash 22809 13 180202 48 Balance note assets at end of the year 723279 24 Business in Georgia During 1897 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 544 1812043 Number and amount of policies on the lives of citizens of Georgia issued during the year 401 853250 Total 845 2665293212 COMPTROLLERGENERALS REPORT Deduct number and amount which have ceased to be in force during the year 177 447050 Total number and amount of policies in force in Georgia December 31 1897 768 2218243 Amount of losses and claims on policies in Georgia in curred during the year 4 9500 v Total 4 9500 Amount of losses and claims on policies in Georgia paid during the year 4 9500 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 7309324 notes or credits 26582 total 7335906 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks written during the year602250 00 Premiums 77470 35 Losses 4532 15 Tax 774 70 METROPOLITAN LIFE INSURANCE COMPANY OF NEW YORK ICAPITAL 1 Amount of capital stock paid up in cash2000000 00 Amount of net or ledger assets December 31 of previous year 29847271 66 Decrease of assets during 1897 by reduction of book value of real estate 258241 83 Extended at 29589029 83 IIINCOME DURING YEAR 1897 1 Received for premiums on new policies without de ductions for commissions or other expenses less 14 46418 interest on deferred premiums 2385457 47 1J Received for renewal premi ums without deductions for commissions or other expenses less 2169627 in terest on deferred premi ums and 110470 for re newal reinsurance 19016509 08 5 Consideration for annuities other than matured install ment policies 1000 00 7 Total premium income 21402966 55COMPTROLLERGENERALS REPORT 213 8 Cash received for interest on mortgage loans 9 Cash received for interest on bonds owned and dividends on stock 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on other debts due the company 12 Cash received as discount on claims paid in advance 1094337 interest on deferred premiums 3616045 13 Cash received for rents for use of compa nys property 14 Cash received for profits on sales of bonds or stocks 602053 63 503979 10 20111 69 14833 28 47103 82 338027 85 52181 27 9 10 13 16 17 18 19 20 21 Total income 22981257 19 Total 52570287 02 IIIDISBURSEMEKTS DURING YEAB 1897 Cash paid for death claims including revisionary addi tions 6990866 50 Cash paid for matured en dowments and additions thereto 22 Total 6991086 50 Total net amount actually paid for losses and matured endowments Cash paid to annuitants Premium notes loans or liens used in pur chase of surrendered policies Return to agents of bond deposits Premium notes loans or liens used inpay ment of dividends to policyholders Cash dividends paid policyholders Surrender values paid Total paid policyholders 773179531 Cash paid stockholders for interest or div idends Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 55305824 renewals 2 70387637 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 22755795 inspection of risks 21705638 Cash paid for salaries and all other com pensation of officers and other home office employees 1081 in number Cash paid for taxes on new premiums and on renewals 6991086 50 600 00 113646 26 20941 82 517512 82 108949 73 140000 00 3256934 61 1982065 34 444614 33 913899 16 162055 06214 COMPTROLLERGENERALS REPORT 22 23 24 25 26 27 28 29 30 31 Cash paid for taxes on reserves 529119 municipal licenses 317554 170521 79 Cash paid for insurance department fees and agents licenses 1239190 real es tate 5430187 66693 77 Cash paid for rent including 12514000 companys occupancy 219892 63 Cash paid for commuting commissions 1148754 78 Cash paid for furniture fixtures and safes 4601464 legal expenses 10744362 153458 26 Cash paid for advertising 1902732 printing 20583757 postage telegrams etc 7806558 302930 47 Cash paid for real estate expenses other than taxes 134610 97 Cash paid for the following items viz Di rectors and committees 2480 00 Traveling expenses supt supervisors inspectors agents etc 9670477 branch office expenses 30 States 108 61111 205315 88 General home office expenses 9786195 losses sales of real estate on securities 4748 97909 43 Total miscellaneous expenses 924008142 Total disbursements 16992818 55 5 7 8 10 13 14 15 Balance 35577468 47 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS Cost value of real estate exclusive of all incumbrances 8470033 67 Loans on mortgage first liens on real es tate 13228368 00 Loans made in cash to policyholders on t his companys policies assigned as collat eral Premium notes loans or liens on policies in force Cost value of bonds 1011767281 and stocks 86657057 owned excluding ac crued interest at time of purchase 10984243 38 Cash in companys office 227097 43 Cash deposited in banks 2252040 77 Agents ledger balances 11073 59 36942 33 367669 30 2479138 20 Total net or ledger assets less depreciation 35577468 47 OTHER ASSETS Interest due 1100913 and accrued 219 52971 on mortgages 230538 84 Interest due 2041475 and accrued 30 96291 on bonds and stocks 51377 66COMPTROLLERGENERALS REPORT 215 17 Interest due 15550 and accrued 32370 on premium notes loans or liens 479 20 18 Interest due 38000 and accrued 239721 on other assets 2777 21 19 Rents due 1082572 and accrued 3106 09 on companys property or lease 13931 81 Total carried out 21 Market value of bonds and stocks over cost Ordinary Department Nw Renewal Premiums due and unpaid 81635 85 41517 46 Deferred premiums 270368 52 229052 90 299104 72 141975 37 352004 37 270570 36 Deduct cost of collection 46 per cent and 9 per cent net 436301 40 Industrial Department New First weeks premiums due and unpaid 1445 06 Subsequent weeks premiums due and unpaid 141721 10 Renewal 15 times 28 143166 16 15 per ct Deduct cost of collection 2167595 and 214749343 15088net Extended Total assets as per the books of the company 100015 28 536316 68 36554865 24 Items Not Admitted 5 Agents balances 7 Premium notes or loans in excess of reserve on policies Total 11073 59 173712 74 184786 33 9 Total assets less items not admitted VLIABILITIES Net reinsurance reserve Total policy claims 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 11 Agentsbond deposits 13 Amount due on account of salaries rents and office ex penses 16 Amount of any other liability of the company viz Pre miums paid in advance 10186623 Special reserve 192617900 dividend reserve policy holders 50000000 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 36370078 91 27869066 00 111059 78 5090 65 52632 54 120369 60 101866 23 2426179 00 30686263 80 5683815 11 19 Total liabilities 36370078 91216 COMPTROLLERGENERALS REPORT VJPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 61891 95 2 Premium notes loans or liens received dur ing the year on new policies 431071 88 Total Deductions during the year as follows Amount of notes loans or liens used in payment of losses and claims Amount of notes loans or liens used in purchase of surrendered policies Amount of notes loans or liens voided by lapse Amount of notes loans or liens used in payment of dividends to policyholders Amount of notes loans or liens redeemed by maker in cash 2930 19 8470 68 113646 26 36 02 211 38 Total reduction of premium note account Balance note assets at end of the year Business in Georgia during 1897 No Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 252 Number and amount of policies on the lives of citizens of Georgia issued during the year 353 Total 605 Deduct number and amount which have ceased to be in force during the year 190 Total number and amount of policies in force in Georgia December 31 1897 415 Amount of losses and claims on policies in Georgia un paid December 31 of previous year 1 Amount of losses and claims on policies in Georgia in curred during the year 1 Total 492963 83 125294 53 Amount of losses and claims on policies in Georgia paid during the year 1 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for lossesdividends commis sions or other expenses 9466650 BUSINESS lit GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks written during the year 3 Premiums Losses Tax 367669 30 Amount 312450 00 336062 00 648512 00 175500 00 473012 00 2500 00 3000 00 5500 00 3000 00 846120 00 100397 33 26314 50 1003 97COMPTROLLERGENERALS REPORT MICHIGAN MUTUAL LIFE INSURANCE COMPANY DETROIT MICHIGAN 217 ICAPITAL STOCK 1 Amount of capital stock paid up in cash 250000 00 Amount of net or ledger assets December 31 of previous year 5199172 67 Deduct on account of unadmitted assets bills receivable charged 39264 09 Extended at 5159908 58 nINCOME DUBING THE YEAR 1897 1 Cash received for premiums on new policies without deduc tions for commissions or other expenses 132696 54 1J Cash received for renewal pre miums without deductions for commissions or other ex penses 626703 21 2 Premium notes loans or liens taken in part payment for premiums on new policies 14033 17 2J Premium notes loans or liens taken in part payment for renewal premiums 161561 64 3 From dividends applied to pay running premiums see item 11 Disbursements 38271 62 31 From dividends applied to pur chase paidup additions and annuities see item 12 Dis bursements 16858 03 4 From surrender values applied to pay running premiums see item 14 Disbursements 35448 54 Total1015562 75 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 236241 renewals 1014062 12503 03 7 Total premium income 1003059 72 8 Cash received for interest on mortgage loans 25147093 10 Cash received for interest on premium notes loans or liens 3762176 13 Cash received for rents for use of com panys property 17633 65 14 Cash received for profits on sales of bonds or stocks real estate 462424 all other 4069 4664 93218 COMPTROLLERGENERALS REPORT 16 From dividends and surrender values on reinsurances 359 84 19 From all other sources viz Policyholder for deposit 236 13 1 Total income 1315046 96 Total 6474955 54 IIIDISBURSEMENTS DURING YEAR 1897 Cash paid for death claims in cluding revisionary additions 398890 05 3 Cash paid for matured endow ments and additions thereto 33261 59 Total 432151 64 6 Deduct amount received from other companies for losses or claims on policies of this company reinsured 50000 00 7 Total net amount actually paid for losses and matured endowments 382151 64 9 Premium notes loans or liens used in purchase of surrendered policies voided by lapse 64163 6416 33 10 Cash dividends paid policyholders 4318 37 11 Cash dividends applied to pay running premiums seetitem 3 Income 28271 62 12 Cash dividends applied to purchase paidup additions and annuities see item 3 In come 16858 03 13 Surrender values paid in cash 204234 45 14 Surrender values applied to pay running premiums see item 4 Income 35448 54 Total paid policyholders 66769898 16 Cash paid stockholders for interest or dividends 25000 00 17 Cash paid for commissions and bonuses to agents lesscommission on reinsurance new policies 9966765 renewals 49 70319 149370 84 18 Cash paid for salaries and allowances to managers and agents 31572 43 19 Cash paid for medical examiners fees 11267 46 20 Cash paid for salaries and all other com pensation of officers and other home office employees 40195 30 21 Cash paid for taxes on new premiums 1 96817 on renewals 1291109 14879 26 22 Cash paid for taxes on reserves on investment on real estate 8646 33 23 Cash paid for insurance department fees and agents licenses 96069 municipal licenses 336502 3325 71 24 Cash paid for rent 10015 58COMPTROLLERGENERALS REPORT 21 26 Cash paid for furniture fixtures and safes for home and agencyoffices 1506 82 27 Cash paid for advertising 377771 print ing 723418 postage 444312 15355 01 28 Cash paidfor real estate expenses other than taxes 1071182 for legal expenses 881055 19522 37 29 Cash paid for the following items viz Losses on real estate 28780 69 Recording fee office supplies subscrip tions etc 1064538 deposits policy holder 378666 14432 04 Total miscellaneous expenses37386984 30 Total disbursements 1051568 82 31 Balance 5423386 72 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 541549 97 2 Loans on mortgage first liens on real estate 4092082 90 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 491145 5 5 Premium notes loans or liens on policies in force 96107 64 7 Cash in companys office 7990 10 8 Cash deposited in banks 180115 04 9 Bills receivable 8953 45 10 Agents ledger balances 5442 04 11 Total net or ledger assets as per balance above 5423386 72 13 Total net or ledger assets less depre ciation 5423386 72 Other Assets 14 Interest due 4592728 and accrued 67 60445 on mortgages 113531 73 17 Interest due 691323 and accrued 11 52964 on premium notes loans or liens 18447 87 19 Rents due 253750 and accrued on companys property or lease 2537 50 Total carried out 134517 10 20 Market value of real estate over cost 10114 43 22 Due from other companies for losses or claims on policies of this company reinsured 20000 00220 COMPTROLLERGENERALS REPORT New Business Renewals 23 Gross premiums due and unre ported on policies in force December 31 1897 24 Gross deferred premiums on policies in force December 31 1897 Totals 25226 32 25 Deducting loading 60 per cent on new and 6 per cent on renewals 15135 79 20778 61 47956 73 4447 71 26 28 o 7 26701 63 74958 36 4479 50 70178 86 80269 39 Net amount of uncollected and deferred premiums 10090 53 Total assets as per the books of the company 5668287 64 Items Not Admitted Agents balances not secured by bonds 2345 04 Bills receivable 8953 45 Total 11298 49 Total assets less items not admitted 5656989 15 VLIABILITIES 1 Net present value of all outstanding policies in force on the 31st day of December 1897 computed according to The Actuaries Table of Mortality with four per cent interest Deduct net value of risks of this company reinsured in other solvent companies 5285986 15 20245 00 Net reinsurance reserve Premium notes or loans on policies and other obligations in excess of the net value of their policies Claims for death losses and other policy claims resisted by the company 5265741 15 788 59 28604 00 Total policy claims 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 13 Amount due on account of salaries rents and office ex penses 16 Amount of any other liability of the company viz Pre miums paid in advance Commissions due agents on premium notes when paid 29392 59 969 37 5275 97 11273 80 784 52 17 Liabilities on policyholders account 5313437 20 18 Gross surplus on policyholders account 343351 95 19 Total liabilities 5656989 15COMPTROLLERGENERALS REPORT 221 VIPREMIUM NOTE ACCOUNT Premium notes loans or liens on hand December 31 of previous year 104778 74 Premium notes loans or liens received during the year on new policies 1402317 on old policies 16156164 175584 81 Total Amount of notes loans or liens voided by lapse Amount of notes loans or liens redeemed by maker in cash Total reduction of premium not account Balance note assets at end of the year 6416 33 177893 58 Business in Georgia During 1897 No Number and amount of policies on the lives of citizens on Georgia in force December 31 of previous year 153 Number and amount of policies on the lives of citizens of Georgia issued during the year 67 280363 55 184255 91 96107 64 Amount 461209 62 184125 57 Total 220 645334 99 Deduct number and amount which have ceased to be in force during the year 81242913 44 Total number and amount of policies in force in Georgia December 311897 139 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commis sions or other expenses Answer Cash 1134366 notes or credits 106367 total BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 189S Risks Premiums Losses Tax 402421 55 12407 33 110500 00 12510 68 10000 00 125 10 MUTUAL BENEFIT LIFE INSURANCE COMPANY NEWARK N J ICAPITAL STOCK Amount of net or Jedger assets December 31 of previous year 58386204 22 Extendedat58386204 22 IIINCOME DURING YEAR 1897 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 965433 47222 COMPTROLLERGENERALS REPORT 1J Cash received for renewal premiums without deduc tions for commissions or other expenses 2 Premium notes loans or liens taken in part payment for premiums on new policies 2J Premium notes loans or liens taken in part payment for renewal premiums 3 From dividends applied to pay running premiums 3 From dividends applied to purchase paidup additions and annuities 4 From surrender values ap plied to pay running pre miums 4j From surrender values ap plied to purchase paidup insurance and annuities 5 Consideration for annuities other than matured install ment policies 5191166 70 72743 47 602791 20 1095700 69 302265 23 12285 00 258579 37 105226 18 Total 8606191 31 7 Total premium income 860619131 8 Cash received for interest on mortgage loans 1967931 44 9 Cash received for interest on bonds owned and dividends on stock 587781 26 10 Cash received for interest on premium notes loans or liens 269404 14 11 Cash received for interest on other debts due the company 299643 58 12 Cash received as discount on claims paid in advance 4414 32 13 Cash received for rents for use of com panys property including for com panys own occupancy 98753 07 17 Premium notes loans or liens restored by revival of policies 5430 26 Total income 11839549 38 Total 70225753 60 IIIDISBURSEMENTS DURING YEAR 1897 1 Cash paid for death claims including revisionary addi tions 3507675 44 2 Premium notes loans or liens used in payment of the same 167758 97 3 Cash paid for matured endow ments and additions thereto 238727 71COMPTROLLERGENERALS REPORT 223 9J 10 11 12 13 14 15 Premium notes loans or liens used in the payment of same 1842 27 Cash paid for sums falling due during the year on install ment policies 21300 00 Total 3937304 39 Total net amount actually paid for losses and matured endow ments Cash paid to annuitants Premium notes loans or liens used in pur chase of surrendered policies 18303366 voided by lapse 2557578 Premium notes loans or liens used in pay ment of dividends to policyholders Cash dividends paid policyholders Cash dividends applied to pay running pre miums Cash dividends applied to purchase paidup additions and annuities Surrender values paid in cash Surrender values applied to pay running premiums Surrender values applied to purchase paid up insurance and annuities Total paid policyholders 733977828 17 Cash paid for commissions and bonuses to agents less commissions on reinsurance new policies 45168718 renewals 39572385 on annuities 533016 18 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 9671689 inspection of risks Cash paid for salaries and all other com pensation of officers and other home office employees 21 Cash paid for taxes on premiums 22 Cash paid for taxes on reserves 1546896 on investments 15398561 23 Cash paid for insurance department fees and agents licenses 872180 municipal and State licenses 2931437 26 Cash paid for postage and miscellaneous of fice expenses 27 Cash paid for advertising 2378122 print ing 1447005 Cash paid for real estate expenses other than taxes 3713396 for legal expenses 1920564 Cash paid for the following items viz Premiums on bonds purchased and loss on real estate and securities 16c 19 20 LS 29 3937304 39 44386 06 208613 44 8217 65 264836 29 1095700 69 302265 23 1207590 16 12285 00 258579 37 852741 19 33403 38 96716 89 204737 64 76279 15 169454 57 38036 17 64602 68 38251 27 56339 60 58588 46224 COMPTROLLERGENERALS REPORT 30 81 1 2 3 Amount charged off from real estate to cover possible depreciation 100000 00 Total miscellaneous expenses 163056251 Total disbursements 9128929 28 7 8 10 11 13 14 15 16 17 21 23 24 25 26 Balance 61095824 32 IVASSETS AS PER LEDGER ACCOUNTS Real estate exclusive of all incumbrances 2654947 79 Loans on mortgage first liens on real estate 33196712 05 Loans secured by pledge of bonds stocks or other marketable collaterals 2959500 00 Loans made in cash to policyholders on this companys policies assigned as col lateral 4771401 44 Premium notes loans or liens on policies in force of which 7139786 was received during the year 4546901 76 Book value of bonds and stocks owned ex cluding accrued interest at time of pur chase 12122217 43 Cash in companys office 21176 20 Cash deposited in banks 809963 25 Agents ledger balances of which was advanced during the year 14004 40 Total net or ledger assets as per bal ance above 61096824 32 864723 84 119881 86 102692 69 113672 54 1200970 93 604750 73 Total net or ledger assets less depreciation 61096824 32 Other Assets Interest due 10191583 and accrued 76280801 on mortgages Interest due and accrued 11988186 on bonds and stocks Interest due and accrued 10269269 on collateral loans Interest due and accrued 11367254 on premium notes loans or liens Total carried out Market value of bonds and stocks over par New Business Renewal Gross premiums due and un reported on policies in force December 31 1897 Gross deferred premiums on policies in force December 31 1897 Totals Deducting cost of collection 44 per cent on new and 6 per cent on renewals Net amount of uncollected and deferred premiums Extended 100900 39 228575 17 89613 35 489882 29 190513 74 718457 46 83S26 05 43107 44 106687 69 675350 02 782037 71 Total assets as per the books of the company 63684592COMPTROLLERGENERALS REPORT 225 Items Not Admitted 14004 40 20781 00 203832 70 27663 00 25873 36 0 Agents balances 9 Total assets less items not admitted 63670588 29 VLIABILITIES 1 Net present value of all the outstanding pol icies in force on the 31st day of December 1897 computed according to The Actu aries Table of Mortality with 4 per cent interest 58049023 00 Net reinsurance reserve 58049023 00 4 Claims for matured endowments due and unpaid 5 Claims for death losses in process of adjust ment or adjusted and not due 6 Claims for death losses and other policy claims resisted by the company 8 Present value of unpaid amounts on matured installmentpolicies face 3455000 9 Claims for death losses which have been re ported and no proofs received 140000 00 Total claims Amount of all unpaid dividends of surplus or other de scription of profits due policyholders Amount due on account of salaries rents and office ex penses estimated Amount of any other liability of the company viz Pre miums paid in advance Liabilities on policyholders account 58865813 60 Gross surplus on policyholders account 4804774 69 Total liabilities 63670588 29 VIPREMIUM NOTE ACCOUNT Premium notes loans or liens on hand De cember 31 of previous year 4482157 35 Premium notes loans or liens received dur ing the year on new policies 7274347 on old policies 60822146 68096493 Total 516312228 Deductions during the year as follows Amount of notes loans or liens used in payment of losses and claims 169601 24 Amount of notes loans or liens used in purchase of surrendered policies 183033 66 Amount of notes loans or liens voided by lapse 25579 78 Amount of notes loans or liens used in payment of dividends to policyholders 8217 65 Amount of notes loans or liens redeemed by maker in cash 229788 19 Total reduction of premium note account 616220 52 Balance note assets at the end of the year 4546901 76 10 13 16 17 18 19 418150 06 353153 65 20000 00 25486 89226 COMPTROLLERGENERALS REPORT BUSINESS IN GEORGIA DURING 1897 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 1878 4743977 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 658 1351835 00 Total 2536 6095812 00 Deduct number and amount which have ceased to be in force during the year 344 803898 00 Total number and amount of policies in force in Georgia December 31 1897 2192 5291914 00 Amount of losses and claims on policies in Georgia un paid December 31 of previous year 1 1000 00 Amount of losses and claims on policies in Georgia in curred during the year 17 55271 00 Total 18 5627100 Amount of losses and claims on policies in Georgia paid during the year 18 56271 00 Amount of premiums collected or secured in Georgia during the year in cash and notes or credits without any deduc tion for losses dividends commissions or other expenses 183218 42 Business in Georgia for Year Ending April 30 1898 Risks written during the year 1016950 00 Premiums 187362 00 Losses 50972 00 Tax 1873 62 MUTUAL LIFE INSURANCE COMPANY OF LOUISVILLE KY ICAPITAL STOCK 1 Amount of capital stock paid up in cash 100000 00 Amount of net or ledger assets of previous year Extended at 2528785 02 IIINCOME DURING YEAR 1897 1 Cash received for premiums on new policies without deduc tions for commissions or other expenses 68745 29 lJCash received for renewal pre miums without deductions for commissions or other expenses 271734 04 2 Premium notes loans or liens taken in part payment for pre miums on new policies 9685 60 2JPremium notes loans or liens taken in part payment for re newal premiums 1529 74COMPTROLLERGENERALS REPORT 227 3 From dfvidends applied to pay running premiums see item 11 disbursements 40382 85 4 From surrender values applied to pay running premiums see item 14 disbursements 275 74 4From surrender values applied to purchase paidup insurance and annuities see item 15 disburse ments 28104 00 Total 420457 26 6 Deduct amount of premiums paid to other companies for reinsur ance on policies in this com pany 196 57 7 Total premium income 420260 69 8 Cash received for interest on mortgage loans 102656 45 9 Cash received for interest on bonds owned and dividends on stock 14180 20 10 Cash received for interest on premium notes loans or liens 1628 32 11 Cash received for interest on other debs due the company 24278 61 12 Cash received as discount on claims paid in advance 24 2 13 Cash received for rents for use of companys property 3203 82 Total income 566482 35 Total 3095267 37 IIIDISBURSEMENTS DURING YEAR 1897 1 Cash paid for death claims in cluding revisionary additions 141866 00 3 Cash paid for matured endow ments and additions thereto 18989 00 Total 160855 00 Total net amount actually paid for losses and matured endowments 160855 00 9 Premium notes loans or liens used in pur chase of policies voided by lapse 8727 51 10 Cash dividends paid policyholders 10198 97 11 Cash dividends applied to pay running pre miums see item 3 income 40382 So 13 Surrender values paid in cash 72153 32 14 Surrender values applied to pay running pre miums see item 4 income 275 94 15 Surrender values applied to purchase paidup insuranceandannuitlesseeitem4income 28104 00 16 Cash paid stockholders for interesl or divi dends 678498228 COMPTROLLERGENERALS REPORT 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 4272556 renewals 11 69259 54418 15 18 Cash paid for salaries and allowances to man agers and agents 4249 98 19 Cash paid for medical examiners fees 9275 42 20 Cash paid for salaries and all other compensa tion of officers and other home office em ployees 23583 33 21 Cash paid for taxes on new premiums 37889 on renewals 120709 1585 98 22 Cash paid for taxes on investment 1439 27 23 Cash paid for insurance department fees and agents licenses 86282 municipal licenses 763011 8492 93 24 Cash paid for rent including 1600 companys occupancy 2680 75 25 Cash paid for commuting commissions 16921 37 27 Cash paid for advertising 391747 printing 322351 7140 78 28 Cash paid for real estate expenses other than taxes 503061 for legal expenses 724464 12275 25 29 Cash paid for the following itemsviz profit and loss 548086 postage 143404 ex change 20332 inc ex 384234 agents trav ex 230172 ex invest 12810 13390 38 Total disbursements 482936 16 Balance 2612331 21 Invested in the following IVASSETS AS PER LEDGER ACCOTTNTS 1 Cost value of real estate exclusive of all in cumbrances 107129 05 2 Loans on mortgage first liens on real estate 1691257 64 3 Loans secured by pledge of bonds stocks or other marketable collateral 125084 73 4 Loans made in cash to policyholders on this companys policies assigned as collateral 221138 58 5 Premium notes loans or liens on policies in force 57937 48 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 283885 00 7 Cash in companys office 5969 84 8 Cash deposited in banks 102195 39 9 Loans on renewals 1400 00 10 Agents ledger balances 15477 74 Ledger balances 855 76 13 Total net or ledger assets less deprecia tion 2612331 2COMPTROLLERGENERALS REPORT 229 Other Assets 14 Interest due 9408776 and accrued 32 97210 on mortgages and lien notes 127059 86 15 Interest due and accrued 269313 on bonds and stocks 2693 13 Interest due 110072 and accrued 431712 on collateral loans Interest due and accrued 401176 on premium notes loans on policies 4011 76 Interest due 4900 and accrued 4083 on renewal commissions 16 17 18 5917 85 89 83 Total carried out 2i Market value of bonds and stocks over cost New Business Renewals 23 Gross premiums due and unreported on policies in force Dec 31 1897 33101 60 4736 73 24 Gross deferred premiums on poli ties in force December 31 1897 8712 57 14467 56 139772 43 19025 00 39554 65 2810683 29 885 76 16833 50 Totals 41814 17 19224 29 25 Deducting loading on new and on renewals 20907 08 576 73 26 Net amount of uncollected and de ferred premiums 20907 09 18647 56 Extended Total assets as per the books of the company Items Not Admitted 1 Companys stock owned loans on 500 00 5 Agents balances 15tll It 7 Ledger balances Total Total assets less items not admitted 2793849 79 VLIABILITIES 1 Net present value of all outstanding policies in force on the 31st day of December 1897 computed according to the Actuaries Table of Mortality with four per cent interest 2503982 00 Deduct net value of risks of this company reinsured in other solvent companies 919 Net reinsurance reserve 12 Contingent reserve on lapsed policies Amount of any other liability of the company viz Pre miums paid in advance Agents credit balances Liabilities on policyholders account Gross surplus on policyholders account 19 Total liabilities 16 17 18 2503063 00 50000 00 357 86 164 00 2553584 86 240264 93 2793849 79230 COMPTROLLERGENERALS REPORT 20 Estimated surplus accrued on ton tine or other policies the profits upon which are especially reserved for that class of policies 10648 00 21 Estimated surplus accrued on all other policies 129616 93 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand De cember 31 of previous year 56990 47 2 Premium notes loans or liens received during the year on new policies 968560 on old policies 152974 11215 34 Total 67905 81 Deductions during the year as follows Amount of notes loans or liens Used in purchase of surrender policies 638 00 Voided by lapse 8727 51 Used in payment of dividends to policy holders 389 12 Redeemed by maker in cash 213 70 Total reduction of premium note ac count 9968 33 Balance note assets at end of year 57937 48 Business in Georgia during 1S97 No Amoun Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 336 527210 Number and amount of policies on the lives of citizens of Georgia issued during the year 246 410375 Total 582 937585 Deduct number and amount which have ceased to be in force during the year 113 198934 Total number and amount of policies in force in Georgia December 311897 469 738651 Amount of losses and claims on policies in Georgia paid during the year 8 16708 Amount of losses and claims on policies in Georgia incurred during the year 8 16708 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deductions for losses divi dends commissions or other expenses Answer Oash 2742180 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks written during the year410375 00 Premiums 33823 95 Losses 14708 00 Tax 338 23COMPTROLLERGENERALS REPORT 231 THE MUTUAL LIFE INSURANCE COMPANY OF NEW YORK N Y ICAPITAL 1 No capital stocka purely mutual company Amount of net or ledger assets December 31st 1896 less deductions of 232503910 made after appraisals on 220156650 ax real estate in 1897 INCOMK DURING YEAR 1897 As Shown by the Books at the Home Office at Close of Business Dec 31st 1 From premiums on new policies less interest in cluded in deferred pre miums 884379 and 32340 for first years re insurance and excluding revivals after first year 4 From dividends applied to purchase new paidup ad ditions 250752134 6 From surrender values ap plied to purchase new paidup insurance 2563078 00 5109966 34 10180565 68 Total new premiums From renewal premiums less interest included in de ferred premiums 121 08765 and 132110 for re newal reinsurance 2819220465 From surrender values ap plied by policyholders to pay renewal premiums 890738 69 Total renewal premiums 29082943 34 7 Consideration for annuities 3429692 97 Total premium income 42693201 99 9 Rents from companys prop erty including 175000 for companys own occupancy 933129 27 10 From interest on mortgage loans 3636057 55 11 Frolm interest on collateral loans 408203 44 12 From interest on bonds and dividends on stocks 5337312 85 13 From interest on other debts due the company and on deposits in banks 294338 41232 COMPTROLLERGENERALS REPORT 14 From interest on deferred premiums 129931 44 Total rents and interest 10738972 96 15 Profit on sales of real estate 3605886 on sale or maturity of securities 69437442 730433 28 Total income 54162608 23 Total 274319267 74 IIIDISBUESEMENTS DUKING THE YEAR 1897 As Shown by the Books at the Home Office at Close of Business Dec 31st 1 Paid for death claims 12 24385765 additions 1 03577301 13279630 66 2 For matured endowments 177551550 additions 25791788 2033433 38 5 Total amount actually paid for losses and matured endowments 15313064 04 6 Paid to annuitants 769260 22 10 Dividends applied to purchase new paidup additions 2507521 34 11 Surrender values paid in cash 3948393 13 12 Surrender values applied by policyholders to pay renewal premiums 890738 69 13 Surrender values applied to purchase new paidup insurance 2563078 00 Total paid policyholders 2599205542 15 Cash paid for commissions and bonuses to agents less commissions on reinsur ance new policies 354690959 re newal policies 181624589 on annu ities 14978432 5512939 80 17 Cash paid for agency expenses 965063 71 18 Cash paid for salaries of officers and home office employees who receive no other compensation 646426 67 19 Cash paid for medical examiners fees and salaries 34718628 inspection of risks 7431472 421501 00 20 Cash paid for insurance department fees taxes on premiums and reserves and agents licenses 387134 95 21 Cash paid for taxes on real estate 211955 10 23 Cash paid for repairs and expenses other than taxes on real estate 412418 52 24 Cash paid for rent 175000 00 25 Cash paid for advertising 18888915 printing and stationery 41353055 post age and telegraph 13281623 735235 93 26 Cash paid for legal expenses 271862 28 COMPTROLLERGENERALS REPORT 23S 27 Cash paid for exchange 3827031 express freight and duty 3017529 sundry ex Total miscellaneous expenses 1013200557 Balance 238195206 75 Invested in the following IVLEDGER ASSETS As per Ledger Accounts Shown by the Books at the Home Office at Close of Business December 31st 3 Loans secured by pledge of bonds stocks or other collateral 12880308 00 6 Book value of bonds owned excluding interest 10349804887 stocks 18621853 31 122119902 18 7 Cash in companys office 890943 dennaifprl in hanks 11 696 286 39 11705195 82 8 Suspense 28000000 agents debit bal Total 238223644 74 DEDUCT LEDGER LIABILITIES 9 Agents credit balances 1301639 all other 15 421 60 28437 99 NONLEDGER ASSKTS 10 Interest due 20913850 and accrued 857 12 Interest due 1881875 and accrued 9 15 Rents due 3423141 and accrued 8124375 on companys property 115475 16 17 Market value as per quotations December 31st 1897 of New Business Renewals 18 Gross premiums due and unreported on policies on which at least one premium had been paid in force December 31st 1897 33699 07 2206359 26 19 Gross deferred premiums on policies on which at least one premium had been paid in force December qit 1gq7 147810 98 2016157 30 Totals 181510 05 4222516 56 234 COMPTROLLERGENERALS REPORT 21 Deduct cost of collection 69 per cent on new and 6 per cent on renewals 125241 93 274463 58 22 Net amount of uncollected and deferred premiums 56268 12 3948052 98400432110 Gross assets December 31 1897 254262284 2L DEDUCT ASSETS NOT ADMITTED 3 Agents debit balances 19584655 suspense 28000000 475846 65 Total admitted assets 253786437 6S V NONLEDGER LIABILITIES As Shown by the Books at the Home Office at Close of Business Dec 31st 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1897 computed according to The Actuaries Table of Mortality with four per cent interest as per certificate of In surance Department of New York 190896829 00 Same for reversionary additions 15235958 00 Same for annuities including those in re duction of premiums 10327501 00 Total 216460288 00 Deduct net value of risks of this company reinsured in other solvent companies 1412 00 Net reserve 216458876 00 3 Claims for matured endowments due and unpaid papers not completed 94788 72 5 Claims for death losses in process of ad justment or adjusted and not due 650951 73 7 Claims for death losses and other policy claims resisted 318010 30 8 Amounts due and unclaimed on annuities 60163 08 Total policy claims 1123913 83 12 Amount of premiums paid in advance 281625 24 14 Amount of any other liability of the company viz un der NonForfeiture Clause of policies 413828 00 Liabilities on policyholders account 218278243 07 Surplus on policyholders account 35508194 59 Total liabilities 253786437 BSCOMPTROLLERGENERALS REPORT 235 Business in Georgia During 1897 No Amount Number and amount of paidfor policies in force De cember 31 1896 5861 16963840 00 Number and amount of policies paid for during the year 1369 254494b 00 Total 7230 19508785 00 Deduct number and amount which have ceased to be in force during the year 1290 4048458 00 Total number and amount of paidfor policies in force in Georgia Dec 31 1897 5960 15460327 00 No Amount Number and amount of losses and claims incurred during the year 67 179914 83 Total 67 179914 83 Number and aimount of losses and claims on policies paid during the year 66 169914 83 BUSINESS IN GEORGIA FOR TEAR ENDING APRIL 30 1898 Risks 2632325 00 Premiums 511115 68 Losses 212Ma2l Tax 511115 NEW ENGLAND MUTUAL LIFE INSURANCE CO BOSTON MASS ICAPITAL STOCK Amount of net or ledger assets December 31 of previous year 24630783 45 Extended at24630783 45 IIINCOME DURING THE YEAR 1 Cash received for premiums on new policies without de ductions for com missions or other expenses 344247 79 1 Cash received for renewal premiums without deduc tions for commissions or other expenses 1760349 00 2 Premium notes loans or liens taken in part payment for premiums on new policies 125517 00 2 Premium notes loans or liens taken in part payment for renewal premiums 733535 43 3 From distributions applied to pay running premiums see item 11 Disbursements 508862 27236 COMPTROLLERGENERALS REPORT 3 From distributions applied to purchase paidup addi tions see item 12 Disburse ments 21386 10 4 From surrender values ap plied to purchase paidup insurance see item 15 Dis bursements 33975 47 7 Total premium income 3527873 06 8 Cash received for interest on mortgage loans 238976 25 9 Cash received for interest on bonds owned and dividends on stock 597889 99 10 Cash received for interest on premium notes loans or liens 101525 89 11 Cash received for interest on other debts due the company collateral loans 77602 07 12 Cash received as discount on claims paid in advance 2164 35 13 Cash received for rents for use of companys property 99823 38 19 From all other sources viz Balance of profit and loss account 57812 79 Total income 4703667 78 Total 29334451 23 IIIDISBURSEMENTS DURING YEAR 1897 1 Cash paid for death claims including revisionary ad ditions 1552451 09 2 Premium notes loans or liens used in payment of the same 18039 91 3 Cash paid for matured and discounted endowments and additions thereto 208856 52 4 Premium notes loans or liens used in the payment of same 1411 68 7 Total net amount actually paid for losses and matured and discounted endowments 1780759 20 9 Premium notes loans or liens used in pur chase of surrendered policies 1719996 voided by lapse 5671395 9J Premium notes loans or liens used inpay ment of dividends to policyholders 10 Cash distributions paid policyholders 11 Cash distributions applied to pay running premiums see item 3 Income 12 Cash distributions applied to purchase paid up additions see item 3 Income 73913 91 3786 66 32948 85 508862 27 21386 10COMPTROLLERGENERALS REPORT 237 13 Surrender values paid in cash 581048 73 15 Surrender values applied to purchase paid up insurance see item i Income 33975 47 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 23438186 renewals 113 77232 348154 18 18 Cash paid for salaries and allowances to managers and agents 41688 36 19 Cash paid for medical examiners fees 25888 50 20 Cash paid for salaries and all other compen sation of officers and other home office employees 129839 55 21 Cash paid for taxes on premiums 29703 56 22 Cash paid for taxes on reserves 2511687 on investments real estate 2876474 53764 74 23 Oash paid for insurance department fees and agents licenses 644387 municipal licenses 218622 8630 09 24 Oash paid for rent 2t528 23 25 Oash paid for commuting commissions 9956 78 26 Oash paid for furniture fixtures and safes for home and agency offices 10573 19 27 Oash paid for advertising 2364143 print ing 2666555 postage 424567 54752 65 28 Oash paid for real estate expenses other than taxes 5109309 for legal expenses 167755 52770 64 29 Oash paid for the following items viz Travel telegraph and telephone service periodicals documents light express exchange and all other general items and incidentals at home office and agencies 36374 99 Total miscellaneous expenses 827 62546 30 Total disbursements 3864306 65 31 Balance 25470144 58 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 1 Cost of real estate exclusive of all incum brances 2178589 36 2 Loans on mortgages first liens on real estate 6395504 00 3 Loans secured by pledge of bonds stocks or other marketable collaterals 1812280 98 4 Loans made in cash to policyholders on this companys policies assigned as collateral 911754 85 5 Premium notes loans or liens on policies in force of which was received during the year 650188 17238 COMPTROLLERGENERALS REPORT 11 13 14 15 16 17 19 21 23 24 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 12968050 47 Cash deposited in banks 553776 75 Total net or ledger assets as per balance above 25470144 58 Total net or ledger assets less depreciation Other Assets Interest due 4155860 and accrued 65 48465 on mortgages 107043 25 Interest accrued on bonds and stocks 28358 07 Interest accrued on collateral loans 13530 85 Interest accrued on premium notes loans or liens 29387 06 Rents due 75333 and accrued 1333108 on companys property or lease 14084 41 Total carried out Market value of bonds and stocks over cost 25470144 58 192403 64 1040253 26 New Business Renewals 25 26 28 Gross premiums due and un reportedon policies in force December 31 1897 Gross deferred premiums on policies in force December 31 1897 Totals Deduct loading 20 per cent Net amount of uncoil cted and deferred premiums Extended 22231 59 172231 55817 80 78049 39 15609 88 62439 51 45137 00 217368 89 43473 78 173895 11 236334 62 Total assets as per the books of the company 26939135 99 VLIABILITIES Net present value of all the outstanding policies in force on the 31st day of Decem ber 1897 computed according to The Actuaries Table of Mortality with four per cent interest 24478903 91 Net reinsurance reserve 24478903 91 Claims for death losses due and unpaid 103993 00 Claims for matured endowments due and unpaid 23323 00 Claims for death lossesno proofs received 69211 00 Claims for death losses and other policy claims resisted by the company 3000 00 Total policy claims 10 Amount of all unpaid distributions of surplus or other description of profits due policyholders 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 19 Total liabilities 199527 00 133276 64 24811707 55 2127428 44 26939135 99COMPTROLLERGENERALS REPORT 239 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand Der cember 31 of previous year 653786 87 2 Premium notes loans or liens received during the year on new policies 125517 on old policies 73353543 859052 43 Total 1512839 30 Deductions during the year as follows Amount of notes loans or liens used in payment of losses and claims 19451 59 Amount of notes loans or liens used in pur chase of surrendered policies 17199 99 Amount of notes loans or liens voided by lapse 56713 95 Amount of notes loans or liens used in pay ment of distributions to policyholders 3789 66 Amount of notes loans or liens redeemed by maker in cash 765498 97 Total reduction of premium note account 862651 13 Balance note assets at end of the year 650188 17 Business in Georgia During 1897 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 47 175729 00 Total 47 175729 00 Deduct number and amount which have ceased to be in force during the year 5 28942 00 Total number and amount of policies in force in Georgia December 31 1897 42 146787 00 Amount of losses and claims on policies in Georgia in curred during the year 2 6942 00 Total 2 694200 Amount of losses and claims on policies in Georgia paid during the year 2 6942 00 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commis sions or other expenses Answer Cash 349235 notes or credits 1268 total 4760 25 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks 4850000 Premiums 4087 80 Tax 4087 16C240 COMPTROLLERGENERALS REPORT THE NEW YORK LIFE INSURANCE COMPANY OF NEW YORK N Y ICAPITAL STOCK Amount of invested assets December 31st 1896176080948 03 IIINCOME 1897 1 Cash received for premiums on new policies except an nuities without deduction for commissions or other ex penses 5068902 19 2 Cash received for annuities granted in 1897 1240646 45 3 Cash dividends of 1897 applied by the policyholder to pur chase paidup insurance 375626 18 4 Total new premiums 668517482 5 Received for renewal premi ums without deduction for commissions or other ex pensss 26013500 08 6 Cash dividends of 1897 applied by the policyholder to pay running premiums 330912 38 7 Surrender values applied by the policyholder to pay run ning premiums 25402 53 8 Total renewal premiums 26369814 99 9 Total gross premiums 33054989 81 10 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 2535904 renewals 48 67037 74029 41 11 Total premium income less reinsurance 32980960 40 12 Interest on bonds owned and dividends on stock 5621249 04 13 Interest on mortgage loans 1829220 33 14 Rents for use of companys property 744389 43 15 Interest on loans to policy holders 28830887 on pre mium notes and other pre mium obligations 105 67535 393984 22COMPTROLLERGENERALS REPORT 241 36 Interest on bank and trust company deposits etc 171144 94 17 Interest on collateral loans 41513 34 18 Total interest and rents 8801501 30 19 Deposits on account of trust policies 4623 registered bond policy 6000 total 10623 00 Totalincome 41793084 70 Total217874032 73 IIIDISBURSEMENTS 1897 1 Death claims and dividend ad ditions thereto 9779017 26 2 Matured endowments and ad ditions thereto 2919618 00 Total 12698635 26 Deduct amount received from other companies for losses on policies of this company reinsured 109420 80 Net amount paid for losses and endow ments Cash paid annuitants Dividends paid policyholders Used to buy new insurance 37562618 to pay running premiums 33091238 Surrender values cash 118987739 ap plied to pay running premiums 2540253 Reserve values paid on mutual deferred div idend policies Installments paid on trust policies and on registered bond policies Total paid policyholders 1940945562 Payments to agents first years commissions bonuses and advances of every kind 3 23996475 renewal commissions including commuted commissions 40537628 106865477 Total Home office salary account officers and clerks Salaries and allowances for foreign and domes tic agencies including those to managers agents and clerks Medical examiners fees and salaries 304 54599 inspection of risks 8658916 14 Taxes licenses and fees of all kinds State city and county taxes 15592324 insur ance departments fees and licenses 29157781 Total 15 Rent 7 9 50 11 12 13 12589214 46 1463694 91 2434981 79 1215276 92 1686260 00 20024 53 4308619 52 614498 39 372811 45 391135 15 447501 05 293020 64242 COMPTROLLERGENERALS REPORT 16 17 18 19 Advertising account 13785070 printing stationery and bookbinding 17421065 31206135 Real estate charges 203079 89 Postage exchange cablegrams telegrams telephone express cartage freight etc 141604 97 All other items Equipment account coal water gas furniture fixtures supplies fire and surety insurance and all other miscellaneous expenses 51700006 law department legal notarial and consul fees 19581489 traveling expenses of agents inspectors and all other officials 110434381 Total 817158 76 Total miscellaneous expenses 840149117 Total disbursements 27810946 7i 10 11 12 13 14 15 16 Balance invested as stated190063085 95 IVASSETS Book value of bonds 10338460470 and stocks 404781647 owned market value 11323975155 December 311897107432421 17 Loans secured by first mortgage number 900 on real estate 41082422 04 Real estate 74 pieces unincumbered 16991000 00 Cash account Banks and trust companies deposits 10243983 79 Loans on companys policies assigned as col lateral Legal reserve to secure same 13747893 7900096 39 Premium notes on policies in force Legal reserve to secure same 2700000 1189501 37 Loans secured by pledge of bonds and stocks market value 5626655 4507366 67 Agents ledger balances 710394 52 Total invested assets190063085 95 Market value of bonds and stocks over book value as stated 5807330 38 Interest due and accrued on bonds owned 771445 08 Interest due and accrued on bond and mort gage loans 471040 91 Interest accrued on policy loans 167390 00 Rents due and accrued on companys prop erty 41816 00 Interest accrued on collateral loans and bank deposits 34956 19 New Business Renewals Gross premiums un collected Dec 311897 2278207 00 Gross deferred premi ums Dec 31 1897 288861 00 1882682 00 Total 288361 00 4160889 00COMPTROLLERGENERALS REPORT 243 17 Deduct 65 per cent from new premiums and 5 per cent from renewals 187434 65 208044 45 18 Net amount of uncol lected and deferred premiums 100926 35 3952844 55 4053770 90 Total U347749 46 Gross assets Dec 31st 1897201410835 41 19 Deduct item 8 agents ledger balances pursuant to regu lations of insurance department 716394 52 Total admitted assets per certificate of insurance de 200694440 89 partment LIABILITIES 1 Net present value of all outstanding policies and additions thereto in force Dec 31st 1897 as computed according to the Actu aries or Combined Experience Table of Mortality with 4 per cent interest by the New York State Insurance Department 165253827 00 2 Deduct net value of risks reinsured 297748 00 Total net reserve per certificate of Insurance Department164956079 00 3 Claims for death losses reportedfull proofs notreceived 1250079 89 4 Claims for death losses in process of pay ment proofs completed 249335 28 5 Claims for matured endowments papers not completed 167916 18 6 Claims for death losses resisted by the com pany 4900000 7 Amount due for annuities claims not pre sented 91527 01 Total policy claims 1807858 36 8 Surplus reserved fund voluntarily set aside by the company 16195926 00 9 Dividends due policyholders payable on an niversaries of policies 147473 37 10 Premiums paid in advance 201963 07 11 Amount of policy trust funds held by the company 209035 69 Total miscellaneous items 16754393 13 Total liabilities on policyholders account183518335 49 Surplus on policyholders account not including surplus reserved fund 16195926 per certificate of insurance department 17176105 40 Total200694440 89244 COMPTROLLERGENERALS REPORT Business in Georgia during 1896On the Basis of Paidfor Business only No Amount Number and amount of paidfor insurance and additions on lives of citizens of Georgia in force Dec 31 of previous year 5425 13182188 Number and amount of new paidfor insurances on lives of citizens of Georgia paid for during the year 1544 3020649 Total 6969 16202837 Deduct number and amount which have ceased to be in force during the year 674 1593449 Total number and amount of paidfor insurance in force in Georgia Dec 311897 6205 14609388 Amount of losses and claims on policies in Georgia in curred during the year 80 234353 74 Total 80 234353 74 Amount of losses and claims on policies in Georgia paid during the year 74 224839 76 What amount of premiums was collected or secured in Georgia without any deduction for losses dividends commissions or other expenses Answer 52274181 BUSINESS IN GEORGIA FOB YEAR ENDING APRIL 30 1898 Risks 3067000 00 Premiums 504961 43 Losses 207616 05 Tax 5049 61 THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY MILWAUKEE WIS ICAPITAL STOCK Amount of net ledger assets December 31 of previous year88563916 16 Extended at 88563916 16 IIINCOME DURING YEAR As Shown by the Books at Home Office at Close of Business December 31 1 First years premiums less in terest included in deferred premiums 1744556 2073679 16 2 Renewal premiums less inter est included in deferred pre miums 1071661411866868 93 3 Dividends applied by policy holders to pay running pre miums renewals 927941 21 4 Dividends applied by policy holders to purchase paidup additions and annuities 220977 26COMPTROLLERGENERALS REPORT 245 5 Surrender values applied to pay running premiums first year premiums 363237 renew als 3161 3663 98 7 Consideration for annuities other than matured install ment policies 29339 51 8 Total premium income15122470 05 9 Rents from companys proper ty including 34000 for com panys use of own building 185195 68 10 Interest on loans on mortgages of real estate 3592707 11 10J Interest on loans made to pol icyholders on this companys policies assigned as collateral 217683 09 11 Interest on premium notes loans or liens 30996 76 12 Interest on bonds and dividends on stocks no stocks owned 654490 92 13 Interest on other debts due the company and on deposits in banks 76082 38 14 Discount on claims paid in ad vance no claims discounted but maturing endowments 1073668 interest on de ferred premiums 12461170 135348 38 Total rents and interest 4892504 32 15 Profit on sales of real estate 11326 64 17 From other sources viz Commuted commis sions refunded for renewals redeemed 9 78342 adjustment of real estate values 2641547 36198 89 Total income during the year 20062499 90 Sum of both amounts108626416 06 IIIDISBURSEMENTS DURING YEAR As Shown by the Books at Home Office at Close of Business December 31 1 For death claims 364181080 additions 7163714 3713447 94 2 Matured endowments 799119 96 additions 3279201 831911 97 3 Installment death claims 14641 64 Total 4560001 55 5 Total net amount actually paid for losses and matured endowments 4560001 55 6 Paid to annuitants 3678 78 7 Premium notes voided by lapse 1180112 less restored by revival 313292 8668 20246 COMPTROLLERGENERALS REPORT 8 Dividends paid policyholders 9 Dividends applied by policy holders to pay running pre miums 10 Dividends applied by policy holders to purchase paidup additions and annuities 361589 23 927941 21 220977 261510507 70 11 Surrender values paid 638474 20 12 Surrender values applied to pay running premiums 3663 98 642138 18 Total paid policyholders 672499441 IE Commissions to agents new policies 829 94068 renewal policies 85406037 on annuities 15974 1684160 79 16 Commuting renewal commissions 4500 00 18 Salaries officers 11350000 home office em ployees 23679019 350290 19 19 Medical examiners fees 10749535 inspec tion of risks 1419593 121691 28 20 Taxes on new premiums and renewal premi ums 16758042 on reserves 926993 municipal and State licenses 755900 184409 35 21 Taxes on real estate 74057 46 22 Insurance department fees and agents licenses 10861 82 Repairs and expenses other than taxes on real estate 25862 15 REnt including 3400000 for companys use of own buildings 34000 00 25 Advertising 629716 printing and station ery 3968233 postage 6631877 112298 26 26 Legal expenses 7402353 for furniture etc 578376 79807 29 27 Losses on sales of real estate 2457 63 28 All other items viz Premium on bonds bought 49725614 loan expenses 113 15112 real estate expenses 10751081 exchange 1481210 freight and express 640453 expenses of trustees and execu tive committee 3124471 loss expenses 333370 traveling expenses 633714 loss account policy loan 4694 adjust ment of real estate values 3004944 810146 63 28 24 Total miscellaneous expenses 349454285 Total disbursements 10219537 26 Balance 98406878 80COMPTROLLERGENERALS REPORT 247 Invested in the following IVLBDGEK ASSETS As per Ledger Accounts Shown by the Books at Home Office at Close of Business December 31 1 Book value real estate unincumbered 2989861 79 2 Mortgage loans on real estate 66785998 21 4 Loans made to policyholders on this compa nys policies assigned as collateral 5165850 00 5 Premium notes on policies in force 352435 18 6 Book value bonds18994865 00 7 Cash in companys office 23020471 depos ited in bank 389983721 National Exchange Bank Mil waukee Wis 699837 21 First National Bank Milwaukee Wis1600000 00 Wisconsin National Bank Mil waukee Wis1600000 004130041 92 8 Agents debit balancesj9T14J35 Total98428766 45 Deduct Ledger Liabilities 9 Agents credit balances 2183275 all other 5490 21887 65 Total net ledger assets as per balance above 98406878 80 NonLedger Assets 10 Interest due 36768125 and accrued 860 53717 on mortgages 1228218 42 11 Interest due 2660500 and accrued 329 22188 on bonds 355826 88 13 Interest due 7600 and accrued 1133523 on premium notes loans or liens 11411 23 14 Interest due 1704287 and accrued 171 67090 on other assets policy loans 188713 77 15 Rents due 149802 and accrued 1852772 on companys property or lease 20025 74 1804196 04 17 Market value not including interest in item 11 of bonds over book value 1456358 68 New Business Renewals 18 Gross premiums not more than three months due after period of grace unreported on poli cies outstanding December31 359895 00 457260 00 19 Gross deferred premiums on pol icies outstanding December 31 157653 00 1088464 00 20 Totals 517548 00 1515724 00 21 Deduct cost of collection 40 per SWPereent 2070 5226 22 NeandTefenrre1 S 310528 80 1417201 94 1727730 74 Gross assets103395164 26248 COMPTROLLERGENERALS REPORT Deduct Assets Not Admitted 3 Agents debit balances not secured by bonds 411764 9714 35 Total admitted assets103385449 91 VXONLEDGER LIABILITIES As Shown by the Books at Home Office at Close of Business December 31 1 Net present value of all the outstanding pol icies in force on the 31st day of December 1897 as computed by the company accord ing to the Actuaries Table of Mortality with four per cent interest80098393 00 Same for annuities including those in reduction of premiums 95370 00 Total80193763 00 Net reserve 80193763 00 2 Present value of amounts not yet due on matured install ment policies face 17379170 140683 85 3 Matured endowments due and unpaid 21034 00 4 Death losses due and unpaid 23456 80 5 Death losses in process of adjustment or ad justed and not due 198630 00 6 Death losses which have been reported and no proofs received less reserve included in No 1 91924 60 7 Death losses and other policy claims resisted by the company not yet outlawed 25500 00 8 Due and unpaid on annuity claims 126 61 Gross policy claims 360672 01 Net policy claims 360672 01 9 Unpaid dividends or other profits due policyholders in cluding those contingent on payment of outstanding and deferred premiums 131445 8 11 Bills accounts commissions medical fees etc due or ac crued 51528 33 12 Premiums paid in advance estimated 7000 00 Surplus accumulated on deferred dividend policies estimated16310434 00 Surplus accumulated on all other policies 6189922 84 Liabilities on policyholders account 80885093 07 Gross divisible surplus 22500356 84 Total103385449 91 Business in Georgia during the said year No Amount Number and amount of policies on the lives of citi zens of said State in force December 31 of previous year 3631 8352934 00 Number and amount of policies on the lives of citi zens of said State issued during the year 772 1489076 00 Total 4403 9842010 00COMPTROLLEROxENERALS REPORT 249 Deduct number and amount which have ceased to be in force during the year including renewals from StateJ82 920124 00 Total number and amount of policies in force in said State Dec 31 last 4021 8921886 00 Amount of losses and claims on policies in said State unpaid December 31 of previous year 3 7102 00 Amount of losses and claims on policies in said State incurred during the year 32 88500 Total 35 9560200 Amount of losses and claims on policies in said State settled during the year 32 88500 00 Amount of premiums collected in said State during the year without any deduction for losses divi dends commissions or other expenses Cash 295 95990 notes or credits 263568 total 29859558 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks 131800900 T S 261055 53 TPremlUmS 6888500 Losses Tax 261055 THE PACIFIC MUTUAL LIFE INSURANCE COMPANY SAN FRAN CISCO CAL ICAPITAL STOCK 1 Amount of capital stock paid up in cash 200000 00 Amount of net or ledger assets December 31 of previous year 2852987 46 Increase of capital during 1897 100000 00 Extendedat 2952987 4 IIINCOME DURING YEAR 1897 1 Cash received for premiums on new policies without deduc tions for commissions or other expenses 230390 03 lJCash received for renewal pre miums without deductions for commissions or other ex penses 259457 90 2 Premium notes loans or liens taken in part payment for re newal premiums 44532 18 3 From dividends applied to pay running premiums see item 11 Disbursements 31927 20250 COMPTROLLERGENERALS REPORT 3 From dividends applied to pur chase paidup additions and annuities see item 12 Dis bursements 29485 76 4 From surrender values applied to pay running premiums see item 14Disbursements 4000 33 From surrender values applied to purchase paidup insurance and annuities see item 15 Disbursements 87308 34 4J Total 687102 74 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 208260 renewals 116451 3247 11 7 Total premium income 683855 63 8 Cash received for interest on mortgage loans 57878 06 9 Cash received for interest on bonds owned and dividends on stock 25880 50 10 Cash received for interest on premium notes loans or liens 9737 20 11 Cash received for interest on other debts due the company including interest on deferred premiums 12446 70 12 Cash received as discount on claims paid in advance 930 84 13 Cash received for rents for use of companys property including 690000 for compa nys own occupancy 39118 63 14 Cash received for profits on sales of bonds or stocks 10585 00 19 From all other sources viz Total income of accident department net premiums 262578 98 Total income 1103011 54 Total 4055999 00 IIIDISBURSEMENTS DURING YEAR 1897 1 Cash paid for death claims in cluding revisionary additions 185854 18 2 Premium notes loans or liens used in payment of the same 42 78 3 Cash paid for matured endow ments and additions thereto 51526 00 Total 237422 96 7 Total net amount actually paid for losses and matured endowments 237422 96 8 Cash paid to annuitants 4274 00COMPTROLLERGENERALS REPORT 251 9 Premium notes loans or liens used in pur chase of surrendered policies 6950 92 9 Premium notes loans or liens used in pay ment of dividends to policyholders 460 81 10 Cash dividends paid policyholders 3616 70 11 Cash dividends applied to pay running pre miums see item 3 Income 31927 20 12 Cash dividends applied to purchase paidup additions and annuities see item 3J In come 2948576 13 Surrender values paid in cash 7369 31 14 Surrender values applied to pay running premiums see item 4 Income 4000 33 15 Surrender values applied to purchase paid up insurance and annuities see item 4J Income 87308 34 Total paid policyholders 41281633 16 Cash paid stockholders for interest or divi dends S00000 17 Cash paid for commissions and bonuses to agents less commission on reinsurances new policies 10492052 renewals 48 63992 15356044 18 Cash paid for salaries and allowances to managers and agents 47344 13 19 Cash paid for medical examiners fees 15166 30 20 Cash paid for salaries and all other compen sation of officers and other home office employees 34519 20 21 Cash paid for taxes on new premiums 1 01371 on renewals 246568 on fran chises 1695 3496 34 22 Cash paid for taxes on real estate 9372 40 23 Cash paid for insurance department fees and agents licenses 252533 municipal licenses 4823 2573 56 24 Cash paid for rent including 4500 compa nys occupancy 7939 5 25 Losses on sales of real estate 1316 48 27 Cash paid for advertising 269042 printing and stationery 1392969 postage 2 24834 1886845 28 Cash paid for real estate expenses other than taxes 923321 for legal expenses 418139 1341460 29 Cashpaid for the following items viz General expense 9619 63 Repaid stockholders amount advanced for acct industrial department in 1896 46500 00 Total disbursements of accident department 271617 99 30 Total disbursements 1056124 90 31 Balance 2999874 10252 COMPTROLLERGENERALS REPORT Invested in the following IVASSETS AS PEK LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all in cumbrances 1150460 09 2 Loans on mortgage first liens on real es tate 660017 16 3 Loans secured by pledge of bonds stocks or other marketable collaterals 124800 00 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 110669 10 5 Premium notes loans or liens on policies in force 41841 12 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 707078 24 7 Oash in companys office 10 499 11 8 Cash deposited in banks 169786 29 9 Bills receivable 1625 59 10 Agents ledger balances 12398 11 Furniture and fixtures 10 699 29 13 Total net or ledger assets less depreciation 29 Other Assets 14 Interest due 1503760 and accrued 10 14485 on mortgages 15 Interest accrued on bonds and stocks 16 Interest accrued on collateral loans 17 Interest accrued on premium notes loans or liens 18 Interest due 203315 and accrued 2455 18 on other assets 19 Rents accrued on companys property or lease 25182 45 10661 38 705 75 3899 76 4488 33 4012 95 5874 10 Total carried out 21 Market value of bonds and stocks over cost New Business 23 Gross premiums due and unre ported on policies in force December 31 1897 31976 16 24 Gross deferred premiums on policies in force December 31 1897 17649 87 48950 62 38579 86 Totals 49626 03 25 Deducting loading 20 per cent on new and 20 per cent on renewals 9925 20 26 Net amount of uncollected and deferred premiums 39700 83 Extended Renewals 46102 76 28797 15 74899 91 14979 98 59919 93 99620 76COMPTROLLERGENERALS REPORT 253 27 Furniture fixtures and safes Printed supplies Total nonledger assets accident department 10699 29 6000 00 66493 47 28 Total assets as per the books of the company Items Not Admitted 2 Furniture fixtures and safes 10699 29 5 Agentsbalances J306 27 7 Bills receivable x 8 Supplies printed matter and stationery 600000 3259518 81 Total 20631 15 9 Total assets less items not admitted 3238887 66 VLIABILITIES 1 Net present value of all the outstanding pol icies in force on the 31st day of December 1897 computed according to the Actuaries Table of Mortality with four per cent in Deduct net value of risks of this company reinsured in other solvent companies 27384 00 Net reinsurance reserve 3 Claims for death losses which have been re ported and no proofs received 19356 00 5 Claims for death losses and matured endow ments in process of adjustment or adjusted and not due 7000 00 6 Claims for death losses and other policy claims resisted by the company 2830004 00 500 00 Total policy claims Total liabilities of accident department 26856 00 113705 00 17 Liabilities on policyholders account 18 Gross surplus on policyholders account 2970565 00 268322 66 19 Total liabilities 3238887 66 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand Decem ber 31 of previous year 2 Premium notes loans or liens received during the year on old policies 44532 18 Total Deductions during the year as follows Amount of notes loans or liens used in payment of losses and claims Amount of notes loans or liens used in purchase of surrendered policies 69oo w 87562 22 42 78254 COMPTROLLERGENERALS REPORT Amount of notes loans or liens used in payment of dividends to policyholders 460 81 Amount of notes loans or liens redeemed by maker in cash 38266 59 Total reduction of premium note account 45721 10 Balance note assets at end of the year 41841 12 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks 193000 00 Premiums 82 59 Losses Tax 82 PENNSYLVANIA MUTUAL LIFE INSURANCE COMPANY PHILA DELPHIA PA Amount of net or ledger assets December 31 of previous year 28377538 09 Decrease of capital during 1897 being deduc tion to bring assets to market value 181130 49 Extended at28196407 60 IIINCOME DURING THE YEAR 1 Cash received for premiums on new policies without deductions for commis sions or other expenses 799916 14 1 Cash received for renewal premiums without deduc tions for commissions or other expenses 3901408 05 2 Premium notes loans or liens taken in part pay ment for premiums on new policies 6691 90 1 Premium notes loans or liens taken in part pay ment for renewal pre miums 235263 82 3 From dividends applied to pay running premiums and accumulated 704319 08 3From dividends applied to purchase paidup addi tions and annuities 116279 43 4 From surrender values ap plied to pay running premiums 55870 20 41From surrender values ap plied to purchase paidup insurance and annui ties 164150 00COMPTROLLERGENERALS REPORT 255 5 Consideration for Annuities other than matured in stallment policies 140012 67 1965 67 on mortgage 678517 25 Total 612391129 6 Deduct amount of prem iums paid to other com panies for reinsurance on policies in this company new business re newals 196567 7 Total premium income 8 Cash received for interest loans 9 Cash received for interest on bonds owned and dividends on stock 10 Cash received for interest on premium notes loans or liens 11 Cash received for interest on collateral loans 12 Cash received as interest on general ac count 13 Cash received for rents for use of com panys property 14 Cash received for profits on sales of bonds or stocks 1505725 real estate 3 38323 all other 1290907 Total income 7646663 46 Total 358430710 6121945 62 382348 42 68806 97 263596 75 9646 44 90452 46 31349 55 III DISBURSEMENTS DURING THE YEAR 1 Cash paid for death claims including revisionary ad ditions 1620935 86 2 Premium notes loans or liens used in payment of the same 27144 81 3 Cash paid for matured en dowments and additions thereto 313313 74 4 Premium notes loans or liens used in payment of same 8183 60 5 Cash paid for sums falling due during the year on installment policies 32848 74 Total 2002426 75 17c256 COMPTROLLERGENERALS REPORT 6 Deduct amount received from other companies for losses or claims on poli cies of this company re insured 5000 00 7 Total net amount actually paid for losses and matured endowments 8 Cash paid to annuitants 9 Premium notes loans or liens used in purchase of surrendered policies 42 802 57 voided by lapse 41870 18 11 Cash dividends applied to pay running premiums and accumulated 12 Cash dividends applied to purchase paid up additions and annuities 13 Surrender values paid in cash 14 Surrender values applied to puy running premiums 15 Surrender values applied to purchase paidup insurance and annuities Total paid policyholders 356130433 17 Cash paid for commissions and bonuses to agents less commission on reinsur ance new policies 41133991 renew als 25909405 18 Cash paid for salaries and allowances to managers and agents 19 Cash paid for medical examiners fees 20 Cash paid for salaries and all other com pensation of officers and other home office employees 21 Cash paid for taxes on new premiums 22 Cash paid for taxes on reserves 701231 on investments 7300734 real estate 4476144 pal licenses 512424 24 Cash paid for rent 25 Cash paid for commuting commissions 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 2059369 printing 1350772 28 Cash paid for real estate expenses other than taxes 1208725 for legal ex penses 778933 29 Cash paid for the following items viz home office expenses and postage 47 87469 fire insurance 814382 main tenance of buildings etc 3445440 Total miscellaneous expenses 135229317 30 Total disbursements 31 Balance 1997426 75 23168 10 84672 75 704319 08 116279 43 415418 02 55870 20 164150 00 670433 96 84769 70 59951 96 129128 49 71192 71 124781 09 13369 04 37063 29 12780 69 4371 34 34101 41 19876 58 90472 91 4913597 50 30929473 56COMPTROLLERGENERALS REPORT 257 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 221592136 i Loans on mortgage first liens on real estate 12971264 40 3 Loans secured by pledge of bonds stocks or other marketable collaterals 2622321 87 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 2315847 00 5 Premium notes loans or liens on poli cies in force of which 669190 was re ceived during the year 947935 11 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of purchase 9338242 30 7 Cash in companys office 1740 05 8 Cash deposited in banks 280900 00 9 Bills receivable 124821 03 10 Agents ledger balances 3805 94 Temporary obligations for premiums mainly secured by reserves on policies etc 107854 00 Deduct agents credit balances 1179 50 11 Total net or ledger assets as per bal ance above 30929473 56 13 Total net or ledger assets less depreciation 30929473 56 Other Assets 14 Interest due 9779789 and accrued 195 14136 on mortgages 292 939 25 16 Interest due 1571469 and accrued 8 94023 on collateral loans 24653 92 18 Interest due and accrued on other assets 3000 00 19 Rents due 607025 and accrued 212219 on companys property or lease 8192 44 Total carried out 328785 61 21 Market value of bonds and stocks over cost 259805 16 23 Gross premiums due and unreported on policies in force December 24 25 31 1897 Gross deferred premiums on policies in force Decem ber 31 18D7 139430 59 78383 30 233653 31 392469 56 Totals Deducting cent on per cent loading 50 per new and 5 610 on renewals 217813 89 626122 87 108906 95 35062 89 Extended 699966 92 28 Total assets as per the books of the company 32218031 25258 COMPTROLLERGENERALS REPORT IIILIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1897 computed according to the Actuaries Table of Mortality with four per cent interest 27883957 00 Deduct net value of risks of this com pany reinsured in other solvent com panies 57214 00 Net reinsurance reserve 27826743 00 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 109637 68 8 Present value of unpaid amounts on ma tured installment policies face 179 26771 128231 00 9 Amount of trust funds held by the com pany 2041100 Total policy claims 258279 68 10 Amount of all unpaid dividends of surplus or other de scription of profits due policyholders 56117 43 16 Amount of any other liability of the company viz premiums paid in advance 15840 54 17 Liabilities on policyholders account 28165560 65 18 Gross surplus on policyholders account 4052470 60 19 Total liabilities 3221803125 20 Estimated surplus accrued on tontine or other poli cies the profits upon which are especially re served for that class of policies1630002 32 21 Estimated surplus accrued on all other policies 2422468 28 VI PREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand December 31 of previous year 878607 08 2 Premium notes loans or liens received during the year on new policies 6 69190 on old policies 27480965 281501 55 Total 1160108 63 Deductions during the year as follows Amount of notes loans or liens used in payment of dividends to policy Amount of notes loans or liens used in purchase of surrendered policies 42802 57 Amount of notes loans or liens void ed by lapse 41870 i8COMPTROLLERGENERALS REPORT 259 Amount of notes loans or liens used in payment o fdividends to policy holders 75262 31 Amount of notes loans or liens re deemed by maker in cash 16910 05 212173 52 Balance note assets at end of the year 947935 11 Business in the State of Georgia during the year Number and amount of polioips on the lives of citizen N Amount of Georgia in force December 31 of previous year 1340 3528300 Number and amount of policies on the lives of citizens of Georgia issued during the year 828 1657400 TotaI 2168 5185700 Deduct number and amount which have ceased to be in force in Georgia December 31 1897 398 820900 Total number and amount of policies in force in Georgia December 31 1897 1770 4364800 Amount of losses and claims on policies in Georgia incurred during the year 12 16413 Total 12 16413 Amount of losses and claims on policies in Georgia paid during the year 12 16413 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 128 44054 notes or credits 930298 total 13774352 BUSINESS IN GEORGIA FOK YEAR ENDING APRIL 0 1898 Risks 1904300 00 Premiums 150340 17 Losses 22883 00 Tax 1503 40 THE PHOENIX MUTUAL LIFE INSURANCE COMPANY HARTFORD CONNECTICUT ICAPITAL STOCK Extended at 10285559 17 IIINCOME DURING THE YEAR 1897 1 Cash received for premiums on new policies without deduc tions for commissions or other expenses 308021 69 4 Cash received for renewal pre miums without deductions for commissions or other ex penses 1091205 61260 COMPTROLLERGENERALS REPORT 3 From dividends applied to pay running premiums see item 11 Disbursements 144930 39 3 From dividends applied to purchase paidup additions and annuities see item 12 Disbursements 33771 38 4 From surrender values applied to pay running premiums see item 14 Disbursements 11224 30 4 From surrender values ap plied to purchase paidup in surance and annuities see item 15 Disbursements 5270 00 Total1594423 37 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 37860 renewals 458706 4965 66 7 Total premium income 1589457 71 8 Cash received for interest on mortgage loans 370711 14 9 Cash received for interest on bonds owned and dividends on stock 131401 58 10 Cash received for interest on policy loans premium notes loans or liens 45268 64 11 Cash received for interest on other debts due the company 6433 11 12 Cash received as discount on claims paid in advance 350 62 13 Cash received for rents for use of companys property including 350000 for com panys own occupancy 32894 56 14 Cash received for profits on sales of real estate 4285 56 19 From all other sources viz Profit and loss credits 2191 63 Total income 2182994 55 Total 12468553 72 IIIDISBURSEMENTS DURING YEAR 1897 1 Cash paid for death claims in cluding revisionary additions 623421 43 2 Premium notes loans or liens used in payment of the same 29528 43 3 Cash paid for matured endow ments and additions thereto 139073 54 4 Premium notes loans or liens used in the payment of game 1517 46 5 Cash paid for sums falling due during the year on install ment policies 1000 00 Total 794540 86COMPTROLLERGENERALS REPORT 261 Deduct amount received from other companies for losses or claims on policies of this com pany reinsured of which 5 00000 is for matured endow ments 9647 00 7 Total net amount actually paid for losses and matured endowments 784893 86 8 Cash paid to annuitants 2377 00 9 Premium notes loans or liens used in pur chase of surrendered policies 876950 voided by lapse 8769 50 94 Premium notes loans or liens used in pay ment of dividends to policyholders 112 53 10 Cash dividends paid policyholders less 7360 dividends on reinsurance 2542 13 11 Cash dividends applied to pay running pre miums see item 3 Income 144930 39 12 Cash dividends applied to purchase paidup additions and annuities see item 34 In come 33771 38 13 Surrender values paid in cash 172262 45 14 Surrender values applied to pay running premiums see item 4 Income 11224 30 15 Surrender values applied to purchase paid up insurance and annuities see item 14 Income 5270 00 Total paid policyholders 116614354 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 17040371 renewals 72 11771 242521 42 18 Cash paid for salaries and allowances to managers and agents 55688 01 19 Cash paid for medical examiners fees 31 40475 inspection of risks 324575 34650 50 20 Cash paid for salaries and all other com pensation of officers and other home office employees 65277 69 21 Cash paid for taxes on new premiums 3 33303 on renewals 960400 12937 03 22 Cash paid for taxes on reserves 2623420 on real estate 1964059 45874 77 23 Cash paid for insurance department fees and agents licenses 380326 municipal licenses 283865 6641 91 24 Cash paid for rent including 350000 companys occupancy less received under sublease 21351 79 25 Cash paid for commuting commissions 4000 00 26 Cash paid for furniture fixtures and safes for home and agency offices 577 54262 COMPTROLLERGENERALS REPORT 27 Cash paid for advertising 1340320 print ing 1391728 postage 834873 28 Cash paid for real estate expenses other than taxes 1600980 for legal expenses 703620 29 Cash paid for the following items viz Ex change 116936 sundry expenses 15 30327 Profit and loss debits 35669 21 23046 00 16472 63 54787 97 30 31 Total disbursements 1785640 01 Balance 10682913 71 Invested in the following IVASSETS AS PEB LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all incumbrances 1151828 59 2 Loans on mortgage first liens on real estate 5463730 12 3 Loans secured by pledge of bonds stocks or other marketable collaterals 6600 00 4 Loans made in cash to policyholders on this companys policies assigned as col lateral 325119 00 5 Premium notes loans or liens on policies in force of which was received during the year 402040 38 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 2873912 43 7 Cash in companys office 157 03 8 Cash deposited in banks 459526 16 13 Total net or ledger assets less depreciation 10682913 71 Other Assets 14 Interest due 4760987 and accrued 95 20554 on mortgages 142815 41 17 Interest due and accrued on premium notes loans or liens 4366 00 Total carried out 21 Market value of bonds and stocks over cost 147181 41 51759 73 New Business 23 Gross premiums due and unre ported on policies in force December 31 1897 48488 43 24 Gross deferred premiums on policies in force December 31 1897 33689 64 Totals 82178 07 Renewals 50726 54 93390 75 144117 29COMPTROLLERGENERALS REPORT 263 25 Deducting cost of collection 54 per cent on new and 6 per cent on renewals 44376 15 8647 03 26 Net amount of uncollected and deferred premiums 37801 92 135470 26 173272 18 28 Total assets as per the books of the company 11055127 03 VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1897 computed according to the Actuaries Table of Mortality with four per cent interest 10198695 00 Deduct net value of risks of this com pany reinsured in other solvent compa nies 14849 00 Net reinsurance reserve 10173846 00 2 Premium notes or loans on policies and other obligations in excess of the net value of their policies special policy re serve 187934 00 3 Claims for death losses which have been re ported and no proofs received 13086 00 5 Claims for death losses and matured endow ments in process of adjustment or ad justed and not due 17080 00 8 Present value of unpaid amounts on ma tured installment policies 7608 00 Total policy claims 37774 00 16 Amount of any other liability of the company viz Pre miums paid in advance 1124400 special liability 1000000 21244 00 17 Liabilities on policyholders account 10430798 00 18 Gross surplus on policyholdersaccount 624329 03 19 Total liabilities 11055127 03 VIPREMIUM NOTE ACCOUKT 1 Premium notes loans or liens on hand De cember 31 of previous year 451560 68 2 Premium notes loans or liens received dur ing the year on new policies re vived in 1897 196 00 Total 451756 68 Deductions during the year as follows Amount of notesloans or liens used in payment of losses and claims 31045 89 Amount of notes loans or liens used in purchase of surrendered policies 8769 50261 COMPTROLLERGENERALS REPORT Amount of notes loans or liens used in payment of dividends to policyholders 112 53 Amount of notes loans or liens redeemed by maker in cash 9788 38 49716 30 Balance note assets at end of the year 402040 38 Business in Georgia During 1897 No Amount Number and amount of policies on the lives of citizens of Georgia in foroe December 31 of previous year 437 971678 Number and amount of policies on the lives of citizens of Georgia issued during the year 303 639000 Total 740 1610678 Deduct number and amount which have ceased to be in force during the year 201 409967 Total number and amount of policies in force in Georgia December 31 1897 539 1200711 Amount of losses and claims on policies in Georgia incurred during the year 2 11467 Total 2 11467 Amount of losses and claims on policies in Georgia paid during the year 2 11467 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 3263564 dividends 238687 total 3502251 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Kisks525500 00 Premiums 3e505 60 Losses 10000 00 Tax 365 05 PROVIDENT SAVINGS LIFE ASSURANCE SOCIETY OF NEW YORK ICAPITAL STOCK 1 Amount of capital stock paid up in cash 100000 00 Amount of net or ledger assets Decem ber 31 of previous year 1847190 14 Extended at 1847190 14 IIINCOME DURING YEAR 1897 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 422399 80 1J Cash received for renewal premiums without deduc tions for commissions or other expenses 1661713 68COMPTROLLERGENERALS REPORT 265 2 Premium notes loans or liens taken in part payment for premiums on new policies 64267 17 2 Premium notes loans or liens taken in part payment for renewal premiums 3813 66 3 From dividends applied to pay running premiums see item 11 Disbursements 207108 36 4 From surrender values ap plied to purchase paidup insurance and annuities see item 15 Disbursements 9511 33 Total 2368814 00 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 126208 renewals 10 79710 12059 18 7 Total premium income 2356754 82 8 Cash received for interest on mortgage loans 12591 89 9 Cash received for interest on bonds owned and dividends on stock 42428 50 10 Cash received for interest on premium notes loans or liens 2597 90 11 Cash received for interest on deposits and other debts due the company 3744 57 13 Cash received for rents for use of compa nys property 22835 69 14 Cash received for profits on sales of bonds or stocks 5164 42 16 From dividends and surrender values on re insurances 516 67 19 From all other sources viz Profit and loss agencies 10134 Waco Texas Natato rium stock 200000 Waco Texas real estate 5652797 Savannah Ga real estate 1843624 77065 55 Total income 2523700 01 Total 4370890 15 IIIDISBURSEMENTS DURING THE YEAR 1897 1 Cash paid for death claims in cluding revisionary additions 1240894 68 2 Premium notes loans or liens used in payment of the same 154 37 5 Cash paid for sums falling due during the year on install ment policies 500 00 Total1241549 05266 COMPTROLLERGENERALS REPORT 6 Deduct amount received from other companies for losses or claims on policies of this company reinsured of which is for matured endow 7 Total net amount actually paid for losses 1231549 05 1581 40 8 Cash paid to annuitants 9 Premium notes loans or liens used in pur chase of surrendered policies 72232 voided by lapse 115880 1881 12 10 Cash dividends paid policyholders 20227 05 11 Cash dividends applied to pay running pre miums see item 3 Income 207108 36 13 Surrender values paid in cash 15122 95 15 Surrender values applied to purchase paid up insurance and annuities see item i Income 9511 33 Total paid policyholders 148698126 16 Cash paid stockholders for interest or divi 3488 80 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 30440837 renewals 121 26309 425671 46 18 Cash paid for salaries and allowances to managers and agents 27671 46 19 Cash paid for medical examiners fees 35 00623 inspection of risks 433483 39341 06 20 Cash paid for salaries and all other com pensation of officers and other home office employees 124229 34 21 Cash paid for taxes on new premiums 4 97707 on renewals 1708555 22062 62 22 Cash paid for axes on reserves 35362 on real estate 315503 3508 65 23 Cash paid for insurance department fees and agents licenses 511008 municipal li censes 51740 7627 48 24 Cash paid for rent including companys occupancy 30458 42 25 Cash paid for commuting commissions 614 04 26 Cash paid for furniture fixtures and safes for home and agency offices 6718 95 27 Cash paid for advertising 1848056 print ing stationery 2451825 postage 13 06760 56066 41 28 Cash paid for real estate expenses other than taxes 931930 for legal expenses 3848115 47800 45 29 Cash paid for the following items viz Examination by Ins Dept of State of New York 2096 18 COMPTROLLERGENERALS REPORT 267 Traveling and other expenses 36953 21 Profit and loss agencies 6883 collateral loans 6000000 60068 83 Total miscellaneous expenses 89437836 30 Total disbursements 2381359 62 31 Balance 1989530 53 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 1 Book value of real estate exclusive of all incumbrances Loans on mortgage first liens on real estate Loans secured by pledge of bonds stocks or other marketable collaterals Loans made in cash to policyholders on this companys policies assigned as collateral Premium notes loans or liens on policies in force of which 6808083 was received during the year Book value of bonds and stocks owned ex cluding accrued interest at time of pur chase Cash in companys office Cash deposited in banks Bills receivable Agents ledger balances Total net or ledger assets as per balance above Being 4618735 less than sworn official ap praised value Deduct depreciation from cost of assets to bring same to market value 70793 15 Total net or ledger assets less depreciation 1918737 38 10 11 12 13 332540 08 213750 00 167732 65 43265 53 71080 08 815509 42 30357 05 277347 24 885 01 37063 47 1989530 53 OTHER ASSETS 14 Interest due 3310 and accrued 168650 on mortgages 15 Interest due and accrued on bonds and stocks 16 In tenst due and accrued on collateral loans 17 Interest due 60874 and accrued 168006 on premium notes loans or liens 18 Interest due and accrued on deposits 19 Rents due 233913 and accrued 455716 on companys property or lease Total carried out 21 Market value of bonds and stocks over book va New Business 23 Gross premiums due and unre ported on policies in force December il 24 Gross deferred premiums on policies in force Dec 31 1897 4996 50 1480 56 3600 00 2288 80 673 50 6896 29 lue 19935 20 40801 16 131396 00 39978 X Renewals 43605 00 230129 00 Totals 171374 00 273734 00268 COMPTROLLERGENERALS REPORT 25 Deduct cost of collection 60 per cent on new and 5 per cent on renewals 102824 00 13687 00 26 Net amount of uncollected and deferred premiums 68550 00 260047 00 Oash in course of transmission some received 28 Total assets as per the books of the company ITEMS fOT ADMITTED 5 Agents balances 37139 38 7 Bills receivable 885 01 9 Total assets less items not admitted 328597 00 24599 47 2332670 21 38024 39 2294645 82 1 VLIABILITIES Net present value of all the outstanding policies in force on the 31st day of De cember 1897 computed according to the Actuaries Table of Mortality with four per cent interest 1641543 00 Deduct net value of risks of this company reinsured in other solvent companies 1602 00 Net reinsurance reserve 3 Claims for death losses due and unpaid 5 Claims for death losses and matured endow ments in process of adjustment or adjust ed and not due 6 Claims for death losses and other policy claims resisted by the company 14000 00 215520 00 25000 00 1639941 Oo Total policy claims 16 Amount of any other liability of the company viz miums paid in advance Pre Hij Amount of reserve on policies canceled and not includ ed in item 1 upon which a surrender value may be de manded 17 18 L9 Liabilities on policyholders account Gross surplus on policyholders account 254520 00 3792 01 4493 21 1902746 22 391899 60 Total liabilities 2294645 82 VIPREMIUM NOTE ACCOUNT Premium notes loans or liens on hand De cember 31 of previous year 5467 93 Premium notes loans or liens received dur ing the year on new policies 6426717 on old policies 381366 68080 83 Total Deductions during the year as follows Amount of notes loans or liens used in pay ment of losses and claims Amount of nolesloans or liens used in pur chase of surrendered policies 73548 76 154 37 722 32COMPTROLLERGENERALS REPORT 269 Amount of notes loans or liens voided by lapse 1158 80 Amount of notes loans or liens redeemed by maker in cash 433 19 2468 Balance note assets at end of the year Business in Georgia During the Year 71080 08 No Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year1393 3629564 Number and amount of policies on the lives of citizens of Georgia issued during the year 880 1704610 Total2273 5324174 Deduct number and amount which have ceased to be in force during the year 727 1344887 Total number and amount of policies in force in Georgia December 31 18971546 3989287 Amount of losses and claims on policies in Georgia un paid December 31 of previous year 4 14000 Amount of losses and claims on policies in Georgia incurred during the year 31 72970 Totali 35 86970 Amount of losses and claims on policies in Georgia paid during the year 28 74450 What amount of premiums was collected or secured in said State during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 9292036 notes or credits 251177 total 9543213 BUSINESS IN GEOHGU POR YEAR ENDING APRIL 30 1898 Bisks 114720060 Premiums 103839 34 Losses 93020 00 Tax 1038 39 THE PRUDENTIAL INSURANCE COMPANY NEWARK N J ICAPITAL STOCK Amount of capital stock au thorized 200000000 sub scribed for 2000000 00 2 Amount of capital paid up in cash 2000000 00 Amount of net ledger assets December 31 of previous year 18948240 36 Extended at 18948240 36270 COMPTROLLERGENERALS REPORT IIINCOME DURING THE YEAR 1897 As Shown by the Books at the Home Office at Close of Business December 31 1 First years premiums ex cept items 3 and 5 less in terest included in deferred premiums 1398253 and 296838 for first years re insurance 2813317 35 2 Renewal premiums except items 3 and 5 less interest included in deferred pre miums 1745974 and 3 08539 for renewal reinsur ance 11210572 52 3 Dividends applied by policy holders to pay running pre miums renewals 508976 see item 9Disbursements 5089 76 4 Dividends applied by policy holders to purchase paidup additions and annuities see item 10 Disbursements 10153 41 5 Surrender values applied to pay running premiums first years premiums 18235 renewals 39175 see item 12 Disbursements 574 10 6 Surrender values applied to purchase paidup insurance and annuities see item 13 Disbursements 510265 71 7 Consideration for annuities other than matured in stallment policies 1895 43 8 Total premium income 14551 868 S 9 Rents from companys prop erty including 63000 for companys use of own build ings L88321 61 10 interest on loans on mort gages of real estate 449304 16 11 Interest on collateral Loans including premium notes loans or liens 6104 28 12 Interest on bonds and divi dends on stock 349664 43 13 Interest on other debts due the company and on de posits in banks 4033 62 COMPTROLLERGENERALS REPORT 257 14 Interest on deferred pre miums 31442 27 Total rents and interest 1028870 37 17 From other sources viz Conscience fund 26 00 Total income during the year 15580764 65 Sum of both amounts 34529005 01 IIIDISBURSEMENTS DURIXG THE YEAR 1897 As Shown by the Books at the Home Office at Close of Business December 3i 1 For death claims 4238 93860 additions 108 01627 4346954 87 2 Matured endowments 15 225 additions 553 15778 00 3 Installment death claims 607 57 Total 4363340 44 4 Deduct amount received from other companies for claims on policies of this company reinsured 500 00 5 Total net amount actually paid for losses and matured endowments 4358340 44 6 Paid to annuitants 1923 50 7 Premium notes voided by lapse less 3 35368 restored by revival 27337 14 8 Dividends paid policyholders 67200 93 9 Dividends applied by policyholders to pay runningpremiums see item 3 Income 5089 76 10 Dividends applied by policyholders to pur chase paidup additions and annuities see item 4 Income 10153 41 11 Surrender values paid less 28147 received on surrender reinsurances 5890 85 12 Surrender values applied to pay running premiums see item 5 Income 574 10 13 Surrender values applied to purchase paid up insurance and annuities see item 6 Income 510265 71 Total paid policyholders 498677584 14 Paid stockholders for interest or dividends amount declared during the year 200 00000 200000 00 15 Commissions and bonuses to agents less commission received on reinsurances new policies 147335003 renewal poli cies 155751498 on annuities 4738 3030911 49 16 Commuting renewal commissions 1851 83 17 Salaries and allowances for agents includ ing managers agents and clerks 1567605 59 18c272 COMPTROLLERGENERALS REPORT 18 Salaries and all other compensationoffi cers and home office employees includ ing fees to directors and committees and expenses 566233 01 19 Medical examiners fees 24748475 in spection of risks 1564194 263126 69 20 Taxes on premiums 14927772 on surplus 4031208 on municipal taxes and li censes 2139080 210908 60 21 Taxes on real estate 37715 69 22 Insurance department fees and agents licenses 5973 64 23 Repairs and expenses other than taxes on real estate 80449 56 24 Rent including 63000 for companys use of own buildings 119599 15 25 Advertising 16317552 nrinting and sta tionery 5374010 postage and express 14528609 262201 81 26 Legal expenses 3034554 for furniture etc 5436986 84715 40 27 Losses on sales of real estate 294973 on sale or maturity of securities 231080 5260 53 28 All other items viz Law library 36775 appraising fees 93685 sundry general expenses 2245143 sundry district ex penses 962399 33380 02 Total miscellaneous expenses 647000491 Total disbursements 11456780 75 Balance 23072224 26 Invested in the following IVLEDGER ASSETS As per Ledger Accounts Shoton by tin Hunks at the Home Office at Close of Business Dec mber 31 1 Book value of real estate unincumbered 3014644 97 2 Mortgage loans on real estate first liens 9614109 56 3 Loans secured by pledge of bonds stocks or other collateral 220000 00 4 Loans made to policyholders on this com panys policies assigned as collateral 115012 55 5 Premium notes on policies in force 40600 58 6 Book value bond excluding interest 9035 231 00 7 Cash in companys office 96 03353 depos ited in bank 93659207 1032625 60 Total 23072224 26 Total net ledger assets as per balance above 23072224 26 NonLn dger Assets 10 Interest due 8059518 and accrued 91 77580 on mortgages 172370 98COMPTROLLERGENERALS REPORT 273 11 Interest due 1000 and accrued 8907050 on bonds and stocks 12 Interest due and accrued 429879 on collateral loans 13 Interest due and accrued 106328 on premium notes loans or liens 15 Rentsdue 392920 and accrued 1000211 on companys property or lease 17 Market value not including interest in item 11 of bonds and stocks over book value Industrial Beanch New Re Business newals 18 Gross premiums not more than three months due after period of grace unreported on poli cies outstanding December 31 2566 48 35426 77 19 Gross deferred premiums on pol icies outstanding December 31 20 Total 2566 48 21 Deduct cost of collection Ind Branch 100 per cent on new SOpercenton re newalsI 2566 48 Oid Branch 60 per cent on I new 7 per cent on I renewalsJ 90070 50 4298 79 1063 28 13931 31 134826 70 Ordinary Branch New Re Business newals 98302 81 34106 68 257250 47 821223 97 281734 86 134826 70 35426 77 355552 78 355420 60 10628 03 213331 67 26656 55 22 Net amount of uneollected and deferred premiums 84798 74 142221 11 328764 05 Other itemsStationery printed matter and supplies 899753 furniture fixtures and safes 2828394 law library 1318813 23 495783 90 50469 60 50469 60 Gross assets 24035039 32 Deduct Items Not Admitted 2 Supplies printed matter stationery furniture fixtures safes Total admitted assets 23984569 72 VNONLEDGER LIABILITIES As Shown by the Books at Home Office at Close of Business December 31 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1897 as computed by the com pany according to the Actuaries Table of Mortality with four per cent interest Same for revisionary addilions Same for annual and weekly annuities including those in reductionof pre miums 16766061 00 17543 00 23413 00 Totai 16807017 00 Special reserve 1849656 00 Net reserve 3 Matured endowments due and unpaid 5 Death losses in process of adjustment or adjusted and not due 18656673 00 200 00 13475 89274 COMPTROLLERGENERALS REPORT 6 Death losses which have been reported and no proofs received 2000 00 7 Death losses and other policy claims resisted by the company not yet outlawed 23247 50 Gross policy claims 38923 39 Net policy claims 38923 39 9 Unpaid dividends or other profits due policyholders in cluding those contingent on payment of outstanding and deferred premiums 33819 25 12 Premiums paid in advance 12560 42 Total 63584041 84 Liabilities on policyholders account 18744451 36 Gross divisible surplus 3240118 36 Capital stock paid up 2000000 00 5240118 36 Total 23984569 72 Business in Georgia during the said Year Ordinary No Amount Number and amount of policies on the lives of citizens of said State issued during the year 153 451207 Deduct number and amount which have ceased to be in force during the year 22 66000 Total number and amount of policies in force in said State December 31 last 131 385207 What amount of premiums was collected or secured in said State during the year in cash and notes or credits without any deductions for losses dividends commissions or other expenses Answer Cash 1054981 BUSINESS IN GEORGIA FOR THE YEAR ENDING APRIL 30 1898 Risks1103511 00 Premiums 19474 86 Losses Tax 194 74 ROYAL UNION MUTUAL LIFE INSURANCE CO DES MOINES IOWA CAPITAL STOCK Amount of net or ledger assets December 31 of previous year 164009 24 Extended at 164009 24 IIINCOME DURING YEAR 1897 1 Cash received for premiums on new policies without de ductions for commissions or other expenses 41537 35 1J Cash received for renewal premiums without deduc tions Tor commissions or other expenses 50754 66 COMPTROLLERGENERALS REPORT 275 2J Premium notes loans or liens taken in part payment for renewal premiums 4289 02 3 From dividends applied to pay running premiums see item 11 Disbursements 1495 17 Total 98076 20 6 Deduct amount of premiums paid to other companies for reinsurance on policies in this company new business 84559 renewals 108438 1929 97 96146 23 8 Cash reTeived for interest on mortgage loans 9239 85 10 Cash received for interest on premium 866 48 11 Cash received for interest on other debts 787 47 19 From all other sources viz Guarantee 50000 00 157040 03 321049 27 IIIDISBURSEMENTS DURING YEAR 1897 1 Cash paid for death claims including revisionary addi tions 23459 75 5 Cash paid for sums falling due during the year on in Total 23959 75 Endowments 1725 00 7 Total net amount actually paid for losses and matured endowments 22234 75 9 Premium notes loans or liens used in pur chase of surrendered polices 267 90 10 Cash dividends paid policyholders 3168 57 11 Cash dividends applied to pay running pre 1495 17 13 Surrender values paid in cash 10028 16 Total paid policyholders 3719455 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 3955795 renewals 2 42505 02 18 Cash paid for salaries and allowances to 4005 19 19 Cash paid for medical examiners fees 3 81200 inspection of risks 28921 4101 21 276 COMPTROLLERGENERALS REPORT 20 Cash paid for salaries and all other compen sation of officers and other home oflice employees 21 Cash paid for taxes on new premiums 23 Cash paid for insurance department fees and agents licenses 24 Cash paid for rent 25 Cash paid for commuting commissions 26 Cash paid for furniture fixtures and safes for home and agency offices 27 Cash paid for advertising 123637 print ing 171506 28 Cash paid for real estate expenses other than taxes for legal expenses 29 Cash paid for the following items viz Actuarial services 5324 postage 54494 loan expense 7002 collecting expense 34088 managerial expense 346919 office expense 90867 tele graphing 19687 Total miscellaneous expenses 578381 Total disbursements 2592 13 782 52 497 00 1903 67 750 00 219 99 2951 43 429 93 5783 81 7 9 10 11 13 14 17 Balance Invested in the following IVASSETS AS PER LEDGER ACCOUNTS Loans on mortgage first liens on real estate Loans made in cash to policyholders on this companys policies assigned as collateral Premium notes loans or liens on policies in force of which 212971 was received during the year Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase Cash in companys office Bills receivable Agents ledger balances of which 259133 was advanced during the year Advances to agents secured Loans on mortgages 2nd liens Total net or ledger assets as per balance above 169255 00 17124 32 2477 04 8500 00 2648 09 142 02 4333 54 884 51 1968 00 207332 52 Total net or ledger assets less depre ciation Other Assets Interest due 127333 and accrued 351666 on mortgages Interest due 16668 and accrued 29452 on premium notes loans or liens Total carried out 4789 99 461 20 113716 75 207332 52 207332 52 Due from other companies for losses or claims on policies of this company reinsured 5251 If 5000 00COMPTROLLERGENERALS REPORT 277 23 24 25 26 27 28 Gtors premiums due and unre ported on polices in force December 31 1897 Gross deferred premiums on policies in force December 311897 Totals Deducting loading 60 per cent on new and 4 per cent on renewals New Business 11493 70 3900 60 15394 30 9236 58 Renewals 7900 55 6138 87 14039 42 561 57 6157 72 13447 85 Net amount of uncollected and deferred premiums Extended Furniture fixtures and safes 255870 commuted com missions 164500 19635 57 4203 70 Total assets as per the books of the company 241422 98 Items Not Admitted Judgments furniture fixtures and safes Commuted commissions Cash advanced to or in the hands of officers or agents Agents balances Bills receivable 2558 70 1645 00 884 51 4333 54 142 02 Total 9563 77 Total assets less items not admitted 231859 21 VLIABILITIES Net present value of all the outstanding poli cies in force on the 31st day of December 1897 computed according to the Actuaries Table of Mortality with four per cent in terest Deduct net value of risks of this company re insured in other solvent companies 175925 67 578 54 Net reinsurance reserve Premium notes or loans on policies and other obligations in excess of the net value of their policies Claims for death losses and matured endow ments in process of adjustment or adjusted and not due Claims for death looses and other policy claims resisted by the company Present value of unpaid amounts on matured installment policies face 1000000 175347 13 867 25 5000 00 10000 00 5749 60 Total policy claims 21616 85278 COMPTROLLERGENERALS REPORT 16 Amount of any other liabilities of the company viz Pre miums paid in advance 154 22 Surrender values claimable on canceled policies 229 11 17 Liabilities on policyholders account 197347 3l 18 Gross surplus on policyholders account 44075 67 19 Total liabilities 241322 98 VIPREMIUM NOTE ACCOUNT Premium notes loans or liens on hand De cember 31 of previous year 629 18 Premium notes loans or liens received dur ing the year on old policies 4289 02 Total Amount of notes loans or liens voided by lapse 56 18 Amount of notes loans or liens used in pay ment of dividends to policyholders 2414 98 Amount of notes loans or liens redeemed by maker in cash Balance note assets at end of the year Business in Georgia during 1897 No Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 329 umber and amount of policies on the lives of citizens of Georgia issued during the year 82 Total 411 Deduct number and amount which have ceased to be in force during the year 156 Total number and amount of policies in force in Georgia December 31 1897 Amount of losses and claims on policies in Georgia un paid December 31 of previous year 1 Amount of losses and claims on policies in Georgia in curred during the year 2 Total 3 Amount of losses and claims on policies in Georgia paid during the year 3 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 330282 Risks Premiums Losses Tax 948 20 2471 16 2477 04 Amount 650000 00 217500 00 867500 00 280000 00 587500 00 10000 00 3000 00 13000 00 13000 00 BUSINESS IN GEOBGIA FOR YEAR ENDING APRIL 30 1898 135000 00 3698 06 2000 00 36 98COMPTROLLERCxENERALS REPORT 279 THE SECURITY TRUST AND LIFE INSURANCE COMPANY PHILA DELPHIA PA ICAPITAL STOCK 1 Amount of capital stock paid up in cash 350000 00 2 Amount of capital sub scribed but unpaid 350000 00 Amount of net or ledger assets December 31 of previous year 317291 39 Extended 317291 39 IIINCOME DURING YEAR 1897 1 Cash received for premiums on new policies without deductions for commis sions or other expenses 193273 70 lCash received for renewal premiums without deduc tions for commissions or other expenses 145423 36 2 Premium notes loans or liens taken in part pay ment for premiums on new policies 16072 41 Total 354769 47 7 Total premium income 354769 47 8 Cash received for interest on mortgage loans 4815 30 9 Cash received for interest on bonds owned and dividends on stock 3121 66 10 Cash received for interest on premium notes loans or liens 292 05 11 Cash received for interest on other debts due the company 2311 97 14 Cash received for profits on sales of bonds or stocks 13750 137 50 19 From all other sources viz from insur ance 5 J55 Total income 365453 30 Total 682744 69 IIIDISBTJBSEMENTS DURING YEAR 1S97 1 Cash paid for death claims including revisionary ad ditions 118929 90 Total 118929 90280 COMPTROLLERGENERALS REPORT 9 Premium notes loans or liens used in pur chase of surrendered policies voided by lapse 36745 367 45 Return premiums 1184 50 17 Cash paid for commissions and bonuses to agents less commission on reinsur ance new policies 13759518 re newals 905670 146651 88 19 Cash paid for medical examiners fees 882235 inspection of risks 369577 12518 12 20 Cash paid for salaries and all other com pensation of officers and other home office employees 19729 82 21 Cash paid for taxes on new premiums 2 34937 2349 37 23 Cash paid for insurance department fees and agents licenses 300421 3004 21 24 Cash paid for rent 3359 95 27 Cash paid for advertising 558786 print ing 428193 postage 91311 10782 90 28 Cash paid for real estate expenses other than taxes for legal expenses 136716 1367 16 29 Cash paid for the following items viz loss on sale of investments 25000 250 00 Expenses 413459 expressage 28059 tax on capital stock 87500 5290 IS Total miscellaneous expenses 20530359 30 Total disbursements 325785 44 31 Balance Invested in the following 356959 25 IVASSETS AS 1EK LEDGES ACCOUNTS 2 Loans on mortgage first liens on real estate 102000 00 3 Loans secured by pledge of bonds stocks or other marketable collaterals 26600 00 4 Loans made in cash to policyholders on other companys policies assigned as collateral 42145 00 5 Premium notes loans or liens on policies in force 21209 57 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 116800 30 7 Cash in companys office and deposited in banks 48204 38 11 Total net or ledger assets as per bal ance above 356959 25 13 Total net or ledger assets less depreciation 356959 25COMPTROLLERGENERALS REPORT 281 OTHER ASSETS 14 Interest due 24500 and accrued 159641 on mortgages 1841 41 15 Interest due and accrued 256241 on bonds and stocks 2562 16 16 Interest due and accrued 32199 on col lateral loans 321 99 Total carried out 21 Market value of bonds and stocks over cost 23 Gross premiums due and un reported on policies in force December 31 1897 24 Gross deferred premiums on policies in force December 31 1897 New Busines Renewals 3500 00 30969 00 33057 00 21118 00 Totals 121557 00 52087 00 25 Deducting loading 60 per cent on new and 6 per cent on renewals 72934 00 3125 00 26 Net amount of uncollected and deferred premiums 48623 00 48962 00 Extended Assets trust department 32204083 28 Total assets as per the books of the company VLIABILITIES 1 Net present value of all the outstanding pol icies in force on the 31st day of December 1897 computed according to the Actua ries Table of Mortality with three per cent interest 176330 00 Net insurance reserve 3 Claims for death losses due and unpaid 5 Claims for death losses and matured en dowments in process of adjustment or adjusted and not due 6 Claims for death losses and other policy claims resisted by the company Death losses reported but no proofs received 2000 00 8000 00 6000 00 14000 00 Total policy claims Liabilities trusl department 32204083 17 Liabilities on policyholdersaccount 4725 56 1474 70 97585 00 460744 51 176330 00 30000 00 206330 00 19 Total liabilities 556330 00282 COMPTROLLERGENERALS REPORT Business in Georgia During 1897 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 31 97500 Number and amount of policies on the lives of citizens of Georgia issued during the year 55 131645 Total 86 229145 Deduct number and amount which have ceased to be in force during the year 37 96645 Total number and amount of policies in force in Geor gia December 31 1897 49 232500 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 500115 notes or credits 5370 total 505485 BUSINESS IN GEORGIA FOE YEAH ENDING APRIL 30 1898 Risks70000 00 Premiums 7750 95 Tax 77 51 THE TRAVELERS LIFE INSURANCE COMPANY OP GEORGIA ICAPITAL Amount of net or ledger assets December 31 of previous year 16907893 77 Extended at 16907893 77 IIINCOME DURING YEAR 1897 As shown by the Books at the Some Office at close of Business Dee SI 1 From premiums on new policies without deduc tions for commissions or other expenses and ex cluding revivals after first year 373289 38 2 From renewal premiums without deductions for commissions or other ex penses 2171595 12 5 Surrender values applied by policyholders to pay run ning premiums new poli cies 215290 renewals 674999 8902 89 7 Consideration for annuities other than matured in stallment policies 3096 00 Total 2556883 39COMPTROLLERGENERALS REPORT 283 8 Deduct amount of premiums paid to other companies for reinsurance on poli cies in this company new business 1503566 re newals 7835923 93394 89 9 Total premium income 2463488 50 10 From interest upon mort gage loans 305127 63 11 From interest on bonds and dividends on stocks 293445 33 12 From interest on premium notes loans or liens 100705 25 13 From interest on other debts due the company 34699 76 15 Rents from companys prop erty including 1500000 for companys own occu pancy 8611116 16 Total interest income 820089 13 Total income 3283577 63 Total 20191471 40 IIIDISBURSEMENTS DURING YEAR 1897 As shown by the Books at the Home Office at close of Business Dec SI 1 Paid for death claims 708 10133 708101 23 2 For matured endowments 11657200 116572 00 3 For claims on installment policies 10328156 103281 56 Total 927954 79 4 Deduct amount received from other companies for claims on policies of this com pany reinsured of which nothing is for matured en dowments 35338 00 5 Total net amount actually paid for losses and matured endowments 6 Paid to annuitants 11 Surrender values paid in cash 12 Surrender values applied by policyhold ers to pay running premiums Total paid policyholders123412021 14 Cash paid stockholders for interest or dividends 15 Cash paid for commissions and bonuses to agents new policies 15485555 re newal policies 11135916 on annui ties 15480 266369 51 892616 79 15072 27 317528 26 8902 89 50000 00284 COMPTROLLERGENERALS REPORT 16 Cash paid for salaries and allowances for agencies including managers agents and clerks 45400 31 17 Cash paid for medical examiners fees 20948 90 18 Salaries and all other compensation of officers 1950000 home office em ployees 4560557 65105 57 19 Taxes on new premiums 374017 re newal premiums 2241562 on re serves 348000 on franchise 1 10000 30735 79 20 Cash paid for taxes on real estate 27825 98 21 Insurance department fees and agents licenses 240295 municipal licenses 126360 3666 55 22 Rent including 1500000 for companys own occupancy 17381 74 24 Cash paid for advertising 1290788 print ing and stationery 502839 postage 606259 23998 86 25 Cash paid for legal expenses 1629695 for furniture etc 88105 17178 00 26 Cash paid for repairs and expenses other than taxes on real estate 96064 27 21 Losses on sales of real estate 172340 on securities 1264750 14370 90 28 All other items viz Traveling expenses 125004 exchange 609103 express charges 51290 expense 2257842 profit and loss 10254693 132979 32 Total miscellaneous expenses 81202570 Total disbursements 2046145 91 Balance 18145325 49 Investedin the following ivASSETS As per Ledger Arcmats shown by the Books at the Home Offl e at Close of Busirit ss Dec SI 1 Cost of real estate unincumbered 1 84152759 1841527 59 2 Mortgage loans on real estate first liens 590661072 5906610 72 3 Loans secured by pledge of bonds stocks or other collaterals 945400 94 4 Loans made to policyholders on this com panys policies assigned as collateral 1106580 51 6 Cost of bonds owned excluding interest 539045528 stocks 185720543 7247660 71 7 Cash in companys office 138330 de posited in bank 109616172 1097545 02 Total net or ledger assets as per balance above 18145325 49COMPTROLLERGENERALS REPORT 285 Other Asgets 11 Interest due and accrued 9817500 on mortgages 98175 00 12 Interest due and accrued 7095335 on bonds and stocks 80953 35 13 Interest due and accrued 1354394 on collateral loans 13543 94 Total outstanding interest carried out 17 Market value of real estate over cost 18 Market value not including interest see item 12 of bonds and stocks over cost 20 Gross premiums due and un reported on policies in force December 31 1897 21 Gross deferred premiums on policies in force December 31 1897 80562 22 193831 08 192672 29 192672 29 7538 30 61810 53 279994 11 22 Totals 23 Deduct cost of collection 45 per cent on new and 5 per cent on renewals 142372 75 473825 19 64067 74 23691 26 24 Net amount of uncollected and deferred premiums carried out 78305 01 450133 93 528438 94 25 Aggregate ledger and other assets December 31 19026912 74 LiAisnrrrES 5000 00 Reserve for indemnity contracts 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1897 as computed by the com pany according to the Actuaries Table of Mortality with four per cent in terest 16871756 00 Same for annuities including those In reduction of premiums 114376 00 341070 00 Total 16991132 00 Deduct net value of risks of this com pany reinsured in other solvent com panies Net reserve 2 Present value of amounts not yet due on matured poli cies face 57228800 5 Claims for death losses due and unpaid 6430 00 6 Claims for matured endowments due and unpaid 7 Claims for death losses in process of ad justment or adjusted and not due 16650062 00 426288 00 5767 00 8500 00286 COMPTROLLERGENERALS REPORT 8 Claims for death losses which have been reported and no proofs received 45930 40 9 Claims for death losses and other policy claims resisted by the company not yet outlawed 11000 00 Total policy claims 77627 40 14 Amount of premiums paid in advance 25330 58 15 Amount due and accrued on account of salaries rents office expenses taxes bills accounts bonuses com missions medical and legal fees 25000 00 19 Liabilities on policyholders account 17204307 95 21 Gross divisible surplus 1822604 76 Total 19026912 74 Business in Geary in during 1897 Number and amount of policies on the lives of citizens of said State in force December 31 of previous year 701 2971233 00 Number and amount of policies on the lives of citi zens of said State issued during the year 286 1024245 00 Total 987 3995478 00 Deduct number and amount which have ceased to be in force during the year 154 620112 00 Total number and amount of policies in force in said State December 81 1897 833 3375366 00 Amount of losses and claims on policies in said State unpaid December 31 of previous year 3 16500 00 Amount of losses and claims on policies in said State incurred during the year 20 53113 50 Total 23 69613 50 Amount of losses and claims on policies in said State settled during the year 23 69613 50 What amount of premiums was collected or secured in said State during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Cash 8696703 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks 910500 00 Premiums 101268 25 Losses 42000 00 Tax 1012 68COMPTROLLERGENERALS REPORT 287 TIE UNION CENTRAL LIFE INSURANCE COMPANY CINCINNATI OHIO ICAPITAL STOCK 1 Amount of capital stock paid up in cash 100000 00 Amount of net ledger assets December 31 of previous year 15854856 22 Extended at 15854856 22 IIINCOME DURING YEAR 1897 I From premiums on new policies without deductions for com missions or other expenses7991136 79 1J From renewal premiums with out deductions for commis sions or other expenses2631113 59 3 From dividends applied to pay running premiums see item 11 Disbursements 79775 80 3J From dividends applied to pur chase paidup additions and annuities see item 12 Dis bursements 13102 12 4 Fromsurrender values applied to pay running premiums see item 14 Disbursements 2398 30 4J From surrender values applied to purchase paidup insurance and annuities see item 15 Disbursements 102930 05 I Consideration forannuities other than matured installment pol icies 9002 60 Total 3637459 25 6 Deduct amount of premiums paid to other companies for rein surance on policies in this company new business 30 91638 renewals 3229537 03211 75 7 Total premium income 3574247 50 8 Cash received for interest on mortgage loans 94138 58 9 Cash received for interest on bonds owned and dividends on stock 400 00 10 Cash received for interest on premium notes loans nr liens 183232 92 13 Cash received for rents for use of companys property including 5000 for companys own occupancy 25490 55 Total income 4697509 57 Total 20552865 7 19c288 COMPTROLLERGENERALS REPORT DISBURSEMENTS DURING YEAR 1897 1 Cash paid for death claims in cluding revisionary additions 801502 66 2 Premium notes loans or liens used in payment of the same 7175 02 3 Cash paid for matured endow ments and additionsthereto 142485 66 4 Premium notes loans or liens used in payment of same 1572 63 Total 952735 97 d Deduct amount received from other companies for losses or claims on policies of this com pany reinsured of which is for matured endow ments 30000 00 7 Total net amount actually paid for losses and matured endowments 922735 97 8 Cash paid to annuitants 2297 93 S Premium notes loans or liens used in pur chase of surrendered policies 49783 voided by lapse 19020525 190703 08 9 Premium notes loans or liens used in pay ment of dividends to policyholders 4136 39 10 Cash dividends paid policyholders 74053 80 11 Cash dividends applied to pay running pre miums see item 3 Income 79775 80 12 Cash dividends applied to purchase paidup additions and annuities see item 3 Income 13102 12 13 Surrender values paid in cash 100975 50 14 Surrender values applied to pay running pre miums see item 4 Income 2398 30 15 Surrender values applied to purchase paidup insurance and annuities see item 4J Income 102930 05 16 Cash paid stockholders for interest or divi dends 10000 00 17 Cash paid for commissions and bonuses to agents less commission on reinsurance new policies 37246176 renewals 160 57903 annuities 60013 539640 92 18 Cash paid for salaries and allowances to man agers and agents 58557 76 19 Cash paid for medical examiners fees inspection of risks 53995 50 20 Cash paid for salaries and all other compen sation of officers and other home office em ployees 97506 66 21 Cash paid for taxes on new premiums and renewals 43981 18COMPTROLLERGENERALS REPORT 289 24 20 26 22 Cash paid for taxes on reserves 121876 on investments 1488665 16105 41 23 Cash paid for insurance department fees and agents licenses and municipal licenses 9012 01 Cash paid for rent including 5000 compa nys occupancy less 5 received under sublease 35220 41 Cash paid for commuting commissions 8472 86 Cash paid for furniture fixtures and safes for home and agency offices 2966 38 27 Cash paid for advertising 635734 printing and stationery 2289999 postage 7 74911 37006 44 28 Cash paid for real estate expenses other than taxes 1400235 for legal expenses 1768229 31634 64 29 Cash paid for the following items viz Losses on sale real estate 1169156 accounts charged to profit and loss 5506534 66756 90 General expense 3783471 traveling ex pense 1784601 loan expense 6139678 117077 50 Total miscellaneous expenses 112798464 30 Total disbursements 621093 64 31 Balance 17931272 13 Invested in the following IVASSETS AS PEE LEDGER ACCOUNTS 1 Cost value of real estate exclusive of all in cumbrances 627646 07 2 Loans on mortgage first liens on real estate 13455354 49 4 Loans made in cash to policyholders on this companys policies assigned as collateral 1998996 39 5 Premium notes loans or liens on policies in force 916650 67 6 Book value of bonds and stocks owned ex cluding accrued interest at time of pur chase 371734 37 7 Cash in companys office 9853 02 8 Cash deposited in banks 287084 94 9 Bills receivable 143882 48 10 Agentsledger balances 105069 70 Furniture 15000 00 11 13 Total net or ledger assets as per balance above 17931272 13 Total net or ledger assets less depreciation 1731272 13 OTHER ASSETS 14 Interest due 7583679 and accrued 347 66694 on mortgages 423503 73 16 Interest due 426668 and accrued 73 67672 on collateral loans 77943 40290 COMPTROLLERGENERALS REPORT 17 19 20 21 23 24 25 26 28 2 3 5 7 Interest due and accrued on premium notes loans or liens 25082 52 Rents due and accrued on companys prop erty or lease 3001 39 Total carried out Market value of real estate over book value Market value of bonds and stocks overbook value New Business Renewals Gross premiums due and unre ported on policies in force De cember 31 1897 20953185 64269 29 Gross deferred premiums on pol icies in force December 31 1897 17930 60 52585 26 529531 04 2533 91 2296 38 Totals 227462 45 Deducting loading 43 per cent on new and 6 per cent on renewals 97808 85 116854 55 7011 30 Net amount of uncollected and deferred premiums 129653 60 109843 25 Total assets as per the books of the company ITEMS NOT ADMITTED Furniture fixtures and safes 15000 00 Commission payable to agents on premium notes when paid 115933 19 Agentsbalances 105069 70 Bills receivable 143882 48 239496 85 18705130 31 Total Total assets less items not admitted VLIABILITIES Net present value of all the outstanding poli cies in force on the 31st day of December 1897 computed according to the Actuaries Table of Mortality with 4 per cent interest 379885 37 18 325244 94 158226 68 6 7 10 16 Net reinsurance reserve Claims for matured endowments due and unpaid Claims for death losses and matured endow ments in process of adjustment or adjusted and not due Claims for death losses and other policy claims resisted by the company Amounts due on death losses which have been reported and no proofs received net 15822668 00 100 00 8080 00 44988 00 23886 53 Total policy claims Amount of all unpaid dividends of surplus or other de scription of profits due policyholders Amount of any other liability of the company viz Pre miums paid in advance 77054 53 6797 69 71305 99COMPTROLLERGENERALS REPORT 291 17 Liabilities on policyholdersaccount 15977826 21 18 Gross surplus on policyholders account 2347418 73 19 Total liabilities 18325244 94 VIPREMIUM NOTE ACCOUNT 1 Premium notes loans or liens on hand Decem ber 31 of previous year 855063 86 2 Premium notes loans or liens received during the year on new policies 35186265 on old policies120534724 1557209 89 Total 2412273 75 Deductions during the year as follows Amount of notes loans or liens used in payment of losses and claims 8747 35 Amount of notes loans or liens used in purchase of surrendered policies 497 83 Amount of notes loans or liens voided by lapse 190205 25 Amount of notes loans or liens used in payment of dividends to policyholders 4136 39 Amount of notes loans or liens redeemed by maker in cash 1292036 261495623 08 Balance note assets at end of the year 916650 67 Business in Georgia during 1897 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 818 1737348 Number and amount of policies on the lives of citizens of Georgia issued during the year 417 890179 Total 1235 2627527 Deduct number and amount which have ceased to be in force during the year 297 713250 Total number and amount of policies in force in Georgia December 31 1897 938 1914277 Amount of losses and claims on policies in Georgia unpaid December 31 of previous year 1 5000 Amount of losses and claims on policies in Georgia in curred during the year 7 19 000 Total 8 24000 00 Amount of losses and claims on policies in Georgia during the year 7 19000 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses dividends commissions or other expenses Answer Total 6237004 BUSINESS IN GEORGIA FOR THE YEAR ENDING APRIL 30 1898 Risks 836646 00 Premiums 68269 28 Losses 13000 00 Tax 682 69292 COMPTROLLERGENERALS REPORT THE UNITED STATES LIFE INSURANCE COMPANY OF NEW YORK NEW YORK ICAPITAL STOCK 1 Amountof capital stock author ized 44000000 subscribed for 440000 00 2 Amount of capital stock paid up in cash 440000 00 Amount of net or ledger assets December 31 of previous year 7096110 35 Extendedjat 7096110 35 iiinc6me during the year 1897 As Shown by the Books at Home Office at Close of Business December 31 1 First years premiums except items 3 and 5 less interest in cluded in deferred premiums none and 62556 for 1st years reinsurance 206713 87 2 Renewal premiums except items 3 and 5 less interest included in deferred premiums 7 79062 and 278851 for re newalreinsurance 831409 16 5 Surrender values applied to pay runningpremiums lstyear premiums 28550 285 50 6 Surrender values applied to pur chase paidup insurance and annuities 77314 27 7 Consideration forjannuities oth er than matured installment policies 2334 00 Total premium income 1118056 SO 9 Rents from companys property including none foruseof com panys own buildings 12800 34 10 Interest on loans on mortgages of real estate 225659 54 11 Interest on collateral loans in cluding premium notes loans or liens 28754 31 12 Interest on bonds and dividends on stocks 74138 60 13 Interest on other debts due the company and on deposits in banks 2616 51 14 Discount on claims paid in ad vance interest on de ferred premiums 779062 7790 62 Total rents and interest 351769 9215 11 12 is 14 15 17 18 19 20 21 22 COMPTROLLERGENERALS REPORT 293 Profit on sales of real estate on sale or maturity of securities 5901 59 01 Total income during the year 1469875 73 Sum of both amounts 8565986 08 IIIDISBURSEMENTS DURING THE YEAH 1897 4s Shown by the Books at Home Office at Close of Business December 31 For death claims 53804444 additions 775923 545803 67 Matured endowments 96101 additions 214949 98250 49 Total 614053 16 Deduct amount received from other companies for claims on policies of this company re insured of which none is for matured endowments 7000 00 Total net amount actually paid for losses and matured endowments 037054 16 Paid to annuitants 330 8 Premium notes voided by lapse less 168179 restored by revival 20138 l Dividends paid policyholders less re ceived for dividends on reinsurances 70296 59 Surrender values paid less received on surrendered reinsurances 92482 24 Surrender values applied to pay running pre miums 28 59 Surrender values applied to purchase paidup insurance and annuities 77314 27 Total paid policyholders 90087880 Paid stockholders for interest 30800 0 Commissions and bonuses to agents less com mission on reinsurance new policies 86 45019 renewals 6365331 on annuities 17505 15027S 55 Salaries and allowances for agencies including managers agents and clerks 75811 47 Salaries and all other compensation officers 33000 home office employees 2783503 00815 01 Medical examiners fees 16858 00 Taxes on new premiums 105282 renewal premiums 574425 on franchise 10 on reserves 131263 municipal licenses 61771 8717 4 Taxes on real estate 019321 on other in vestments 18141 37l i Insurance department fees and agents li 5 916 45 censes udju294 COMPTROLLERGENERALS REPORT 23 Repairs and expenses other than taxes on real estate 11 022 66 24 Rent including none for companys use of own buildings less received under sublease 24 682 24 25 Advertising 1851940 printing and station ery 725633 postage exchange express etc 827648 34652 21 26 Legal expenses 8707 32 27 Losses on sales of real estate on sale or maturity of securities 3332 33 2S All other items viz Directorsfees 5830 profit and loss account ledger balances 1334276 miscellaneous expenses 12 29235 traveling expenses 98291 32448 02 Total miscellaneous expenses 46985631 Total disbursements 1 370735 11 Balance 7195250 97 Invested in the following IVLEDGER ASSETS As per Ledger Accounts Shown by the Books at Home Office at Close of Business December 31 1 Book value of real estate unincumbered 43587228 incumbered 435872 28 2 Mortgage loans on real estate first liens 4654808 80 3 Loans secured by pledge of bonds stocks or other collaterals 9345 58 4 Loans made to policyholders on this compa nys policies assigned as collateral 404 856 59 5 Premium notes on policies in force of which 9132 is for first years premiums included in item 4 5 Book value bonds excluding interest 1603409 81 7 Cash in companys office 115051 deposited in bank N Y State Banking Co Syra cuse N Y 500 Importers and Traders National Bank New York 5939073 61041 24 8 Bills receivable 4390 agents debit balances 2152667 secured 25916 67 Total net or ledger assets as per balance abve 7195250 97 NONLEDGER ASSETS 10 Interest due 2225 and accrued 44463 60 on mortgages 46688 60 11 Interest due and accrued on bonds and stocks 22 090 02 12 Interest due and accrued 15600 on col lateral loans lag 00COMPTROLLERGENERALS REPORT 295 13 Interest due 467416 and accrued 1171173 on premium notes loans or liens 14 Interest due and accrued 93163 on other assets 16 Market value of real estate over book value 17 Market value not including interest in item 11 of bonds and stocks over book value 18 Gross premiums not more than three months due after period of grace unreported on poli cies outstanding Dec 31st 19 Gross deferred premiums on pol icies outstanding Dec 31st New Busines 18 50 16385 89 931 63 86252 14 52327 72 98991 52 151319 24 Renewals 37364 64 99866 62 52213 17 20 Totals 37383 14 182079 79 21 Deduct cost of collection 50 per cent on new and 6 per cent on renewals 18691 57 10493 17 22 Net amount of uncollected and deferred premiums 18691 57 171586 62 190278 19 Gross assets 76 3100 54 VXOX LEDGER LIABILITIES As Shown by the Books at Home Office at Close of Business December 31 1 Net present value of all outstanding policies in force on the 31st day of December 1897 computed according to the Actuaries Table of mortality with four per cent interest 670340 00 Same for revisionary additions 125807 00 Same for annuities including those in reduc tion of premiums 20545 00 Total 6849755 00 Deduct net value of risks of this company re insured in other solvent companies 46666 00 Net reserve 6803089 00 3 Matured endowments due and unpaid 2127 00 5 Death losses in process of adjustment or ad justed and not due 11853 33 6 Death losses which have been reported and no proofs received 44005 00 7 Death losses and other policy claims resisted by the company not yet outlawed 28000 00 Gross policy claims 85985 33 Net policy claims 11 Salaries rents expenses taxes bills accounts bonuses commissions medical and legal fees etc due or accrued 85985 33 4254 29296 COMPTROLLERGENERALS REPORT 12 Premiums paid in advance 3833 94 13 Surrender values claimable on policies canceled whose re serves are not included in item 1 3430 50 Liabilities on policyholders account 6000593 06 Gross divisible surplus 282507 48 Capital stock paid up 440000 00 722057 48 Total 7623100 54 VIPREMIUM NOTE ACCOUXT 1 Premium notes loans or liens on hand Decem ber 31 of previous year 381131 00 2 Premium notes loans or liens received during the year on new policies 9123 on old policies 14545303 1545S5 03 3 Premium notes loans or liens resored by re vival of policies 168179 Total 537379 82 Deductions during the year as follows Amount of notes loans or liens used in pay ment of loans and claims 32054 24 Amount of notes loans or liens used in pur chase of surrendered policies 26401 23 Amount of notes loans or liens voided by lapse 21819 94 Amount of notes loans or liens redeemed by maker in cash 52265 82 Total reduction of premium note account 132541 23 Balance note assets at end of the year 404856 59 Business in Georgia During 1897 No Amount Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 303 788435 00 Number and amount of policies on the lives of citizens of Georgia issued during the year 58 17800 0 Total 361 96643j 00 Deduct number and amount which have ceased to be in force during the year 64 153000 00 Total number and amount of policies in force in Georgia December 31 1897 425 813435 00 Amount of losses and claims on policies in Georgia un paid December 31 of previous year 1 10000 00 A mount of losses and claims on policies in Georgia in curred during the year 2 3000 00 Total 3 13000 00 Amount of losses and claims on policies in Georgia paid during the year claim of 10000 compromised for fo000 3 8001 00 Amount of premiums collected or secured in Georgia during the year in cash and notes or credits with out any deduction for losse dividends commis sions or other expenses Cash 2472740COMPTROLLERGENERALS REPORT 297 BUSINESS IN GEORGIA DURING THE YEAR ENDING APRIL 30 1898 Risks written during the year 247500 00 Premiums 2430 10 Losses 1000 00 Tax 243 75 THE WASHINGTON LIFE INSURANCE COMPANY NEAV YORK NEW YORK ICAPITAL STOCK I Amount of capital stock paid up in cash 125000 CO Amount of net or ledger assets December 31 of previous year 13522883 20 Extended at 13522883 20 IIINCOME DURING YEAR 1897 1 Cash received for premiums on new policies without deduc tions for commissions or other expenses 197194 21 Cash received for renewal pre miums without deductions for commissions or other ex penses1493170 20 3 From dividends applied to pay running premiums see item 11 Disbursements 80221 22 3 From dividends applied to pur chase paidup additions and annuities see item 12 Dis bursements 101508 00 41i2 From surrender values applied to purchase paidup insurance and annuities see item 15 Disbursements 114032 61 5 Consideration for annuities other than matured install ment policies 17796 45 Total2003922 69 7 Total premium income 2003922 69 8 Cash received for interest on mortgage loans 489091 04 9 Cash received for interest on bonds owned and dividends on stock 50660 50 10 Cash received for interest on collateral loans 4641002 II Cash received for interest on other debts due the company 18376 32 12 Cash received as discount on claims paid in advance 3496 53298 COMPTROLLERGENERALS REPORT 13 Cash received for rents for use of companys property including for companys own occupancy 14 Cash received for profits on sales of bonds or stocks real estate 160057 all other 19 From all other sources viz Interest charged to office building account Total income 20688 62 1600 57 79914 12 1 2714161 12 Total 16237044 32 IIIDISBURSEMENTS DURING YEAR 1897 Cash paid for death claims in 760918 48 eluding revisionary additions 3 Cash paid for matured and dis counted endowments and ad ditions thereto 332717 88 21 22 2 21 Total1093636 36 Total net amount actually paid for losses and matured and discounted endowments Cash paid to annuitants 14 Return premiums Cash dividends applied to pay running pre miums see item 3 Income Cash dividends applied to purchase paidup additions and annuities see item In come Surrender values paid in cash Surrender values applied to purchase paid up insurance and annuities see item 41 Income Total paid policyholders 152487161 Cash paid stockholders for interest or divi dends Cash paid for commissions and bonuses to agents less commission on reinsurance New policies 10248786 renewals 90 71705 Cash paid for salaries and allowances to managers and agents Cash paid for medical examiners fees 2825945 inspection of risks Cash paid forsalaries andall other compen sation of officers and other home office employees Cash paid for taxes on premiums Cash paid for taxes on reserves Cash paid for insurance depart ment fees and agents licenses 210438 municipal li censes 638538 ash paid for rent Cash paid for advertising 981454 print ing 1174027 ex and postage 1147584 1093636 36 18169 21 3963 77 80221 22 101508 00 113243 44 114032 61 8750 0 193204 91 155288 69 28259 45 97887 46 14783 09 2751 79 8489 76 10500 CO 33030 65COMPTROLLERGENERALS REPORT 299 29 Cash paid for the following items viz Of fice expenses 3892949 interest 44 47059 Profit and loss Total miscel expenses 64364202 83400 08 7293 14 30 31 7 8 10 11 Total disbursements 2168513 63 Balance 14068530 69 Invested in the following IVASSETS AS PER LEDGER ACCOUNTS Cost value of real estate exclusive of all in cumbrances 2354050 22 Loans on mortgage first liens on real estate 8645615 38 Loans secured by pledge of bonds stocks or other marketable collaterals 246000 00 Loans made in cash to policyholders on this companys policies assigned as col lateral 838503 87 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 1599948 96 Cash in companys office 22753 74 Cash deposited in banks 336468 77 Agents ledger balances 25189 75 Total net or ledger assets as per balance above 14068530 69 13 14 15 16 21 23 24 25 26 Total net or ledger assets less depreciation OTHER ASSETS Interest due 3161455 and accrued 80 50905 on mortgages 112123 60 Interest due and accrued 798333 on bonds and stocks 7983 33 Interest due 676977 and accrued 11 68852 on collateral loans 18458 29 14068530 69 Total carried out Market value of bonds and stocks over cost 138565 22 49882 62 Gross premiums due and unre ported on policies in force De cember 311897 Gross deferred premiums on pol icies in force December 311897 New Business Renewals 51835 07 73525 14 29145 84 170770 08 Totals Deducting loading 52 per cent on new and 6 per cent on renewals 80980 91 244295 22 41786 15 14169 12 Net amount of uncollected and deferred premiums 39194 76 230126 10 Extended 269320 86 Total assets as per the bocks of the company 14526299 9300 COMPTROLLERGENERALS REPORT VLIABILITIES 1 Net present value of all the outstanding policies in force on the 31st day of De cember 1897 computed according to the Actuaries Table of Mortality with four per cent interest 13842448 00 Net reinsurance reserved 13842448 20 3 Claims for death losses due and unpaid 1578 00 4 Claims for matured endowments due and unpaid 7511 84 5 Claims for death losses not due 21636 30 6 Claims for death losses reported no proofs received 51817 80 Total policy claims 82543 94 13 Amount due on account of rents 1750 00 16 Amount of any other liability of the company viz Pre miums paid in advance 10633 99 17 Liabilities on policyholders account 13937375 93 18 Net surplus on policyholders account 588923 46 19 Total liabilities 14526299 39 Business in Georgia During 1897 Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 578 976314 Number and amount of policies on the lives of citizens of Georgia issued during the year 122 183 079 Total 700 1159393 Deduct number and amount which have ceased to be in force during the year 123 210097 Total number and amount of policies in force in Georgia December 31 1897 577 949 296 Amount of losses and claims on policies in Georgia incurred during the year 10 27721 Total 10 27721 Amount of losses and claims on policies in Georgia paid dur ing the year 10 27721 What amount of premiums was collected or secured in Georgia during the year in cash and notes or credits without any deduction for losses divi dends commissions or other expenses Answer Cash 3204886 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risk8 101453 00 Premium8 30725 60 ifsses 16071 00 Tax 307 25COMPTROLLERGENERALS REPORT 301 THE AMERICAN MUTUAL INDEMNITY COMPANY SCRANTON PA IIINCOME DURING YEAR 1897 Cross amount paid by members to the association or its agents without deductions for commissions or other expenses as follows 1 Membership fees 16787 12 Total paid by members 16787 12 7 Cash received from all other sources viz Secured by the directors and deposited in the Traders National Bank of Scranton pa 7500 00 Total income 24287 12 Total 24287 12 IIIDISBURSEMENTS DURING YEAR 1897 1 Losses and claims 53 91 2 Annual payments and assessments returned to members 20 30 Total paid to members 74 21 3 Commissions and fees retained by or paid to agents 2186 75 7 Salaries and other compensation of officers and other office employees 1625 16 8 Rent 250 00 10 Advertising and blanks and printing 1424 61 11 All other items viz Legal expenses 35200 traveling expenses 8952 gen eral expenses 65693 furniture and fixtures 52750 postage 25900 in spection 6219 total 1947 14 Total expenses footings of items 3 to 11 750787 Total disbursements 7507 87 Balance 16779 25 IVINVESTED ASSETS 7 Cash deposited in banks on reserved fund account Traders National Bank 1946 09 All other deposits 3544 43 Total 549052 Total net or ledger assets less depreciation 5490 52 VCONTINGENT ASSETS 19 Annual payments or premiums due and unpaid on memberships in force 11288 73 21 Total due from members 11288 73 22 Deduct estimated cost of collection 3386 62 23 Net amount due from members 7902 11 Total assets 13392 63302 COMPTROLLERGENERALS REPORT VIIEXHIBIT OF CERTIFICATES OR POLICIESNUMBER AND AMOUNT No Amount Policies or certificates written during the year 1897 139 1069000 00 Total 139 1069000 00 Deduct number and amount which have ceased to be in force during 1897 16 155000 00 Total policies or certificates in force December 81 1897 123 914000 CO Losses and claims on policies or certificates incurred during the year 1897 1 53 91 Total 1 53 91 Losses and claims on policies or certificates paid during the year 1897 1 53 91 ATLANTA MUTUAL LIFE INSURANCE COMPANY ATLANTA GA IBALANCE SHEET Amount of net or ledger assets December 31st of previous year IIINCOME DURING YEAR 1897 Gross amount paid by members to the Asso ciation or its agents without deductions for commissions or other expenses as follows 1 Membership fees 481 50 2 Annual dues 12 195 19 4 For medical examiners fees 132 00 283675 50 Total paid by members 7 Cash received from all other sources 12808 69 1505 50 Total income 14 g jn Total 297989 69 IIIDISBURSEMENTS DURING YEAR 1897 1 Losses and claims derailed schedule filed 3 Commissions and fees retained by or paid to agents 4 Commissions and fees retained by or paid to of ficers and directors 5 Salaries and traveling expenses of managers of agencies and general special and local agents 6 Medical examiners fees whether paid direct by members or otherwise 7 Salaries and other compensation of officers and other office employees 8 Rents 730 taxes 18217 9 Advanced to officers and agents to be repaid out of future salaries or commissions 10 Advertising 18159 blanks and printing 64022 4494 38 1796 32 667 76 318 25 161 50 2750 87 912 17 650 30 821 81 COMPTROLLERGENERALS REPORT 30a 11 All other items viz Furniture 40319 office supplies 19041 interest 3334 postage 12458 751 52 Incidentals exp exch coll disc etc 457 42 Guarantee contracts Bay State Beneficiary As sociation canceled 270000 00 Total expenses footings of items 3 to 11 27937292 Total disbursements Balance IV 283812 30 14177 39 INVESTED ASSETS 6 Cash in office 7 Cash deposited in banks on reserved fund ac count Lowery Banking Co Security account 66 69 8 00 643 01 Total 8 Agents ledger balances 9 All other ledger assets viz Notes etc Furniture 987 40 720 02 1300 00 Total net or ledger assets as per balance above Total net or ledger assets VCONTINGENT ASSETS 12 Interest due 600 00 17 Mortuary assessments due and unpaid on mem berships in force 1763 47 18 Mortuary assessments not yet due 12194 19 13957 66 590 39 717 70 3007 42 3725 12 Total due from members 24 All other assets viz States Savings Bank Total 1M48 05 Total assets 18873 17 VILIABILITIES 2 Losses in process of adjustment or adjusted and not due number of claims 3 in process of settlement 2195 00 4 Losses resisted by the company number of claims1 500000 6 For salaries rents and office expenses 42 50 Total liabilities 7237 50 vnEXHIBIT OF CERTIFICATES OR POLICI R8 NUMBER AND AMOUNT Policies or certificates in force December 31 1896 Policies or certificates written during the yea r 1897 274 Total Business of 189T Number Amount 853 1038000 00 847500 00 Total Deduct number and amount which have ceased to in in force during 1897 Total policies or certificates in force December 31 1897 20c 1127 1385500 00 505 668750 00 622 716750 CO304 COMPTROLLERGENERALS REPORT Losses and claims on policies or certificates unpaid De cember 31 1897 4 Losses and claims on policies or certificates incurred du ring the year 1897 152 Total 156 Losses and claims on policies or certificates paid during the year 1897 152 Business in Georgia Number Policies or certificates in force December 31 1896 810 Policies or certificates written during the year 1897 254 Total1064 1 Deduct number and amount which have ceased to be in force during 1897 469 Total policies in force December 31 1897 595 Losses and claims on policies or certificates unpaid De cember 311897 4 Losses and claims on policies incurred during the year 1897 138 Total 142 Losses and claims on policies or certificates incurred du ring the year 1897 138 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks Premiums Losses Tax 7195 00 4494 38 11689 38 4494 38 during 1897 Amount 842000 CO 325500 00 167500 00 621250 00 546250 00 7195 00 4175 06 11370 06 4175 06 235000 00 4995 25 2884 49 49 95 THE BANKERS GUARANTEE FUND LIFE ASSOCIATION ATLANTA GA IBALANCE SHEET Amount of net or ledger assets December 31st of previous year 54412 89 IIINCOME DURING YEAR 1897 Gross amount paid by members to the asso ciation or its agents without deductions for commissions or other expenses as follows 1 Membership fees 12187 00 2 Annual dues 29593 97 3 Assessments 19263 36 Total paid by members 5 Interest 7 Cash received from all other sources viz Commission paid in office Guarantee notes Total income Total 61044 33 621 26 169 47 11410 51 73245 57 127058 46COMPTROLLERGENERALS REPORT 9 10 11 18 20 21 IIIDISBURSEMENTS DURING THE YEAR 1897 Losses and claims 28000 00 Annual payments and assessments returned to members guarantee deposit returned 346 50 Total paid to members 28346 50 Commissions and fees retained by or paid to agents 12009 51 Salaries and traveling expenses of managers of agencies and general special and local agents 1935 29 Medical examiners fees whether paid direct by members or otherwise 1504 55 Salaries and other compensation of officers and other office employees 7313 30 Rent 71534 taxes 67578 139112 Advanced to agents to be repaid out of future salaries or commissions 1930 02 Advertising 90581 blanks and printing 110977 2015 58 All other items viz Postage 129100 sundry expenses 50118 collecting 43444 2226 71 License 58652 attorneys fees 20000 insurance 2000 806 52 Total expenses footings of items 3 to 11 3078610 Total disbursements 59479 10 Balance 68179 36 IVINVESTED ASSETS Cost value of bonds and stocks owned absolutely 17115 00 Cash in office 768 14 Cash deposited in banks on reserved fund account Exchange Bank Atlanta 6000 00 All other deposits Bank Depositories 5926 73 Agents ledger balances 5813 50 All other ledger assets viz Fixtures 753 28 Guarantee notes 31802 71 Total net or ledger assets less depreciation 68179 36 VCONTINGENT ASSETS Mortuary assessments not yet due 4606 14 Annual payments or premiums in process of collection not yet due 6435 00 Total due from members Total assets VILIABILITIES Losses in process of adjustment or adjusted and not due number of claims 2 Total liabilities 4000 00 11041 14 79220 50 4000 00306 COMPTROLLERGENERALS REPORT VIIEXHIBIT OF CERTIFICATES OR POLICIESNUMBER AND AMOUNT Total Business of 1897 Number Amount Policies or certificates in force December 31 1896 1966 3932000 00 Policies or certificates written during the year 1897 619 1367000 00 Total 2585 5299000 00 Deduct number and amount which have ceased to be in force during 1897 471 1C61500 00 Total policies or certificates in force December 311897 2114 4237500 00 Losses and claims on policies or certificates unpaid De cember 31 1896 3 6000 00 Losses and claims on policies or certificates incurred during the year 1897 13 26000 00 Total 16 32000 00 Losses and claims on policies or certificates paid during the year 1807 14 28000 00 Business in Georgia During 1S97 Number Amount Policies or certificates in force December 31 1896 1556 3112000 00 Policies or certificates written during the year 1897 451 902000 00 Total 2007 4014000 00 Deduct number and amount which have ceased to be in force during 1897 380 860500 00 Total policies in force December 311897 1627 3153500 00 Losses and claims on policies or certificates unpaid De cember 31 1896 3 6000 00 Losses and claims on policies or certificates incurred during the year 1897 8 16000 00 Losses and claims on policies or certificates paid during the year 1897 10 20000 90 Total 11 2000 00 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Bisks 895000 00 Premiums 42902 31 Losses 2100 00 Tax 429 02 BANKERS LIFE INSURANCE COMPANY NEW YORK N Y IBALANCE SHEET Amount of net or ledger assets December 31 of previous year L61621 75 IIINCOME DURING YEAR 1897 3 Assessments 210869 70 Total paid by members 210869 70COMPTROLLERGENERALS REPORT 307 5 Interest 2620 13 7 Cash received from all other sources viz Contributions to permanent fund 5000 contributions to assessment fund 5000 100 00 Total income 216589 83 Total 37821158 IIIDISBURSEMENTS DURING YEAR 1897 1 Losses and claims 10240880 expenses defending unaudited claims 91015 103318 95 Disability benefit payments 1566 00 2 Advance payments applied 69100 Divi dends to members 42028 special relief payments 72400 1835 28 Total paid to members 106720 23 3 Commissions and fees retained by or paid to agents 37754 78 5 Salaries and traveling expenses of managers of agencies and general special and local agents 2616 60 6 Medical examiners fees whether paid di rect by members or otherwise 7087 84 7 Salaries and other compensation of officers and other office employees 12235 28 8 Rent 528789 taxes 101716 6305 05 10 Advertising 3841 68 11 All other items viz Legal expenses 1650 00 Postage 991 08 General office expenses stationery and sun dries 5075 78 Total expenses footings of items 3 to 11 7755609 Total disbursements 184276 32 Balance 193935 26 IVINVESTED ASSETS 2 Loans on bond and mortgage first liens on real estate 78000 00 5 Cost value of bonds and stocks owned ab solutely 63552 77 6 Cash in office 1295 94 7 Cash deposited in banks on reserve fund ac count Bowery Savings Bank 300000 Seamans Savings Bank 300000 State Trust Co 644102 Union Trust Co 399852 16439 54 All other deposits Bank of New York 22 04886 Mer Nat Bank of Chicago 1 22314 Farmers Loan and Trust Co of New York 208129 25353 29 8 Agents Ledger balances 6202 H308 COMPTROLLERGENERALS REPORT 9 All other ledger assets viz Deposit with Missouri Ins Dept 1000 00 Furniture and fixtures 2091 12 10 Total net or ledger assets 193935 26 11 Furniture and fixtures 209112 Agents balances unsecured by bond 170935 Deduct assets not admitted 3800 47 Total net or ledger assets less depreciation 190134 79 VCONTINGENT ASSETS 12 Interest accrued 1891 75 15 Market value of bonds and stocks over cost 1159 73 16 Due from members for claims not yet as sessed 1029 00 17 Mortuary assessments due on last call made within sixty days 16490 11 23 Net amountdue from members 17519 11 TotaFassets 210705 3 8 VILIABILITIES 2 Losses in process of adjustment or adjusted and not due number of claims 4 4072 00 6 For salaries rents and office expenses bonuses commis sions due or accrued 15013 14 9 Amount of all other liability viz Disability Trust Fund account 1705 00 Advanced payments 352 00 Excess over companys whole life rates on limited pay ment policies 4234 23 Total liabilities 25376 37 VIIEXHIBIT OP CERTIFICATES OR POLICIESNUMBER AVI AMOUNT Total Business of 1897 Number Amount Policies or certificates in force December 31 1896 3371 9644904 00 Policies or certificates written during the year 1897 1248 3873000 00 Total 4619 13517904 00 Deduct number and amount which have ceased to be in force during 1897 780 2743863 00 Total policies or certificates in force December 311897 3839 1077404100 Losses and claims on policies or cert ificates unpaid De cember 31 1896 2 6052 00 Losses and claims on policies or certificates incurred during the year 1898 46 106307 00 Total 48 112359 00 Losses and claims on policies or certificates paid during the year 1897 44 104287 00COMPTROLLERGENERALS REPORT 309 Business in Georgia During 1897 Number Amount Policies or certificates in force December 31 1896 Ill 233000 00 Policies or certificates written during the year 1897 60 93500 00 Total 171 326500 00 Deduct number and amount which have ceased to be in force during 1897 63 105000 00 Total policies in force December 31 1897 108 221500 00 BUSINESS IX GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks written during the year 66500 00 Premiums 3832 41 Tax 38 32 BOSTON MUTUAL LIFE ASSOCIATION BOSTON MASS 46639 23 IBALANCK SHEET Amount of net or ledger assets December 31 of previous year IIINCOME DURING YEAR 1897 Gross amount paid bv members to the association or its agent without deductions for commissions or other expenses as follows 2 Annual dues 4345 00 3 Assessments 50818 49 Total paid by members 54663 49 5 Interest 650 14 7 Gash received from all other sources viz Registered letter fees 119 50 taxes and fees returned 5000 total 169 50 Total income Total IIIDISBURSEMENTS DURING YEAR 1897 Losses and claims Surrendered values Total paid to members 3 Commissions and fees retained by or paid to agents 6 vledical examiners fees whether paid direct by members or otherwise 7 Salaries and other compensation of officers and other office employees 8 Rent 160267 taxes 1021 commuted commissions 10 Advertising 55920 blanks and printing 78880 22694 00 54 28 22748 28 6883 1 1 897 00 2875 14 1612 88 1348 00 55183 13 102122 3310 COMPTROLLERGENERALS REPORT 11 All other items viz Legal expenses 65872 insurance department fees and licenses 10925 postage 40969 sun dries 168298 total Total expenses footings of items 3 to 11 1746677 Total disbursements Balance 3850 64 40 215 05 61907 31 IVINVESTED ASSETS 5 Cost value of bonds and stocks owned abso lutely 40685 00 6 Cash in office 3381 09 7 Cash deposited in banks on reserved fund account International Trust Company 808751 Market National Bank 8753 71 total 16841 22 All other deposits On deposit with Missouri Insurance department 1000 00 10 Total net or ledger assets 61907 31 Total net or ledger assets less depreciation 61907 31 V CONTINGENT ASSETS 12 Interest due and accrued 191999 15 Market value of bonds and stocks 18 Mortuary assessments not yet due 21 Total due from members 23 Net amount due from members 3989 59 3989 59 1919 99 305 00 3 989 59 Total assets 68121 89 VILIABILITIES 2 Losses in process of adjustment or adjusted and not due number of claims 6 10500 00 4 Losses resisted by the company number of claims 3 7500 00 9 Amount of all other liability viz Advance assessments 219 69 Total liabilities 18219 69 VIIEXHIBIT OP CERTIFICATES OB POLICIESAMOUNT AND NUMBER Total Business i f 1897 Number Auvamt Policies or certificates in force December 31 1896 1579 3545450 00 Policies or certificates restored during the year 1897 7 11500 00 Policies or certificates written during the year 1897 425 589500 00 Total 2011 Deduct number and amount which have ceased to be in force during 1897 354 4146450 00 597700 00 Total policies orcertificates in force December 311897 1657 3548750 00COMPTROLLERGENERALS REPORT 311 Losses and claims on policies or certificates unpaid De icofl 4 8500 00 cember 31 189b Losses and claims on policies or certificates incurred during the year 1897 40500 Total K0i0 Saved bv compromise 580600 on 5000 03 disability i n nn HA 8306 00 claim 2o0000 Losses and claims on policies or certificates paid during the year 1897 16 22694 00 THE CHICAGO GUARANTY FUND LIFE SOCIETY CHICAGO ILL IBALANCE SHEET Amount of net or ledger assets December 31st of previous 22088 17 year IIINCOME DURING THE YEAR 1897 Gross amount paid by members to the asso ciation or its agents without deductions for commissions or other expenses as fol lows 1 Premium on first year on new form policies 16193 68 2 Annual dues 19948 27 3 Assessments 109169 05 4 Guaranty and reserve 3939 97 Total paid by members 149250 97 5 Interest Guaranty 659934 reserve 3 29679 bills received 19902 10096 15 Total income 159346 12 Total 869 IIIDISBURSEMENTS DURING YEAR 1897 1 Losses and claims 116862 56 2 Payments and assessments returned to members and policy canceled19 LL Total paid to members 117052 i 8 3 Commissions and fees retained by or paid to agents 15155 33 4 Fees paid to directors 510 00 5 Salaries and traveling expenses of mana gers of agencies and general special and local agents 6772 68 6 Medical examiners fees whether paid di rect by members or otherwise 2123 15 7 Salaries and other compensation of officers and other office employees 1404 i 64 8 Rent 364400 taxes 112584 4769 84 10 Advertising 89869 blanks and printing 143356 2332 25312 COMPTROLLERGENERALS REPORT 11 All other items viz Postage 101033 collections 132230 furniture 15917 legal fees and expenses 243921 agent acconts closed84638 advances by mem bers applied 17585 general expense 50759 total Total expenses footings of items 3 to 11 5217172 Total disbursements Balance 6579 23 L69224 50 217509 79 9 lo IVINVESTED ASSETS Loans on mortgage first liens on real es tate Cost value of bonds owned absolutely Cash deposited in banks on reserved fund account as follows Royal Trust Co All other deposits as follows Royal Trust Company Agents ledger balances All other assets viz Bills receivable 3500 00 189195 36 2682 03 11366 35 6701 75 2781 94 Total net or ledger assets 217509 79 Total net or ledger assets less depreciation 217509 79 12 15 16 17 21 23 24 VCONTINGENT ASSETS Interest due 30000 and accrued 412602 Market value of bonds over cost Due from members for claims not yet as sessed Mortuary assessments due and unpaid on memberships in force 23000 00 332 27 23332 27 Total due from members Net amount due from members All other assets viz Premiums in hands of agents Reserve on unpaid claims Total assets VILIABILITIES 2 Losses in process of adjustment or adjusted and not due number of claims 3 3 Losses reported for which assessments have been made number of claims 4 4 Losses resisted by the company Number of claims 4 7 Borrowed money including interest due or accrued 9 Amount of all other liability viz Advance assessments Advance insurance fund 4426 02 970 22 23332 27 1162 85 600 00 248001 15 10000 00 6500 00 6500 00 10000 00 2447 22 1611 74 Petal liabilities 37058 96COMPTROLLERGENERALS REPORT 313 VIIEXHIBIT OP CERTITIOATES OE POPIOIESNUMBER AND AMOUNT Total Business of 1897 No Arrount Policies or certificates in force December 31 1896 2605 7581000 Policies or certificates written during the year 1897 2939 3341400 Total 5544 10922400 Deduct number and amount which have ceased to be in force during 1897 1133 2095300 Total policies or certificates in force December 311897 4411 8827100 Losses and claims on policies or certificates upaid December 31 1896 11 21500 Losses and claims on policies or certificates incurred during the year 1897 45 122400 Total 56 Losses and claims on policies or certificates paid during the 143900 120900 year 1897 45 Business in Georgia During 1897 Policies or certificates in force December 31 1896 226 636000 Policies or certificates written during the year 1897 15 36000 Total 241 672000 Deduct number and amount which have ceased to be in force during 1897 130 377000 Total policies in force December 31 18 7 Ill 295000 Losses and claims on policies or certificates unpaid Decem ber 31 1896 2 3000 Losses and claims on policies or certificates incurred during the year 1897 4 15000 Total 6 18000 Losses and claims on policies or certificates paid during the year 1897 5 17000 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks43000 00 Premiums 6458 22 Losses17000 00 Tax 64 58 CONNECTICUT INDEMNITY ASSOCIATION WATERBURY CONN IBALANCE SHEET Amount of net or ledger assets December 31st of previous year IIINCOME DURING YEAR 1897 Gross amount paid by members to the associa tion or its agents without deductions for com missions or other expenses as follows 2 Annual dues 67263 12 3 Assessments 181209 31 Total paid by members 248472 43 27765 91314 COMPTROLLERGENERALS REPORT 5 Interest 5234 87 6 Rents 378 00 7 Cash received from all other sources viz Bills receivable 335 57 Policy fees 14 sale of stock 12050 sub scription to stock paid 3125 15189 00 Total income 269609 87 Total 546675 78 IIIDISBURSEMENTS DURING YEAR 1897 1 Losses and claims detailed schedule filed 18 57804 accidents 253491 111112 95 Surrender values 3841 57 2 Payments and assessments turned 1953 98 Total paid to members 116908 50 3 Commissions and fees retained by or paid to agents 76186 27 4 Commissions and fees collecting renewals 6089 57 5 Salaries and traveling expenses of managers of agencies and general special and local agents 2083 35 6 Medical examiners fees whether paid directly by members or otherwise and inspections 17363 64 7 Salaries and other compensation of officers and office employees 15445 26 8 Rent 236442 taxes 282551 5189 93 10 Advertising 222550 blanks and printing 2 62820 furniture 127418 legal expenses 548666 11614 54 11 All other items viz Postage 108371 libra ry 775 general ex 287575 exchange 4546 com on contracts and plans 648059 agency expenses 576617 16259 43 Total disbursements 267140 49 Balance 279535 29 IVINVESTED ASSETS 1 Cost value of real estate in cash exclusive of all incumbrances 7864 20 2 Loans on bond and mortgage first liens on real estate 65688 00 3 Loans secured by pledge of bonds slock or other niaketable collateralsI at i i r 26504 o9 4 Loans made in cash to members on tins compa nys certificates assigned as collateral J 5 Cost value of bonds and stocks owned absolutely 29950 00 6 Cash in office 381457 New York office 3 49829 7312 86 7 Cash deposited in banks on reserved fund ac count Mfrs Nat Hank Waterbury 64024 Mutual Nat Hank Troy N Y 1200 1840 24COMPTROLLERGENERALS REPORT 315 All other deposits Waterbury National 3765 Mfrs Nat 355839 4th Nat 187945 f 475 49 8 Agents ledger balances 65381 17 9 All other ledger assets viz Bills receivable 63928 33 Library 24985 furniture 53456 5590 41 10 Total net or ledger assets as per balance above 279535 29 11 Deduct depreciations from cost of assets to bring same to market value 7417 78 Total net or ledger assets less depreciation 272117 51 VCONTINGENT ASSETS 12 Interest due 447983 and accrued 1146 13 Rents due and accrued 15 Market value of bonds and stocks over cost 19 Annual payments or premiums due and unpaid on memberships in force 29532 36 20 Annual payments or premiums in process of col lection not yet due 60951 25 Total due from members net 21 5625 83 108 00 1068 75 483 61 Total assets 369403 7ft VILIABILITIES 2 Losses in process of adjustment or adjusted and not yet due number of claims 6 4621 64 3 Losses reported for which assessments have not been made number of claims 15 not adjusted 42800 00 4 Losses resisted by the company number of claims 4 33200 00 6 For salaries rents and office expenses 2000 00 Total liabilities 82621 64 VIIEXHIBIT OF CERTIFICATES OR POLICIESNUMBER AND AMOUNT Total Business for 1897 Number Amount Policies or certificates in force December 31 1896 5917 12013280 Oft Policies or certificates written during the year 1897 3481 738547300 Total 9398 19 98753 Oft Deduct number and amount which have ceased to be in force during 1897 3084 6765775 Oft Total policies or certificates in force December 31 1897 6314 12632978 00 Losses and claims on policies unpaid December 31 1896 23 46350 00 Losses and claims on policies or certificates incurred during the year 1897 77 Total 100 Losses and claims on policies or certificates paid during the year 1897 72 162875 00 209225 00 109518 04 Business in Georgia during isht Number Amount Policies or certificates in force December 31 1896 Policies or certificates written during the year 1897 Tola 716 1245925 0ft 530 894600 00 1246 2140525 no316 COMPTROLLERGENERALS REPORT Deduct number and amount which have ceased to be in force during 1897 609 1024075 00 Total policies in force December 31 1897 637 1116450 00 Losses and claims on policies or certificates unpaid De cember 31 1896 3 6600 00 Losses and claims on policies or certificates incurred during the year 1897 10 34100 00 Total 13 40700 00 Losses and claims on policies paid during the year 1897 9 75200 00 EQUITY LIFE ASSOCIATION STAUNTON VA IBALANCE SHEET Amount of net ledger assets December 31st of previous year IIINCOME DURING THE YEAR 1897 Gross amount paid by members to the association or its agents without deductions for commissions or other ex penses as follows 3 Assessments 58 081 87 4 For medical examiners fees 129 24 Total paid by members 58211 11 5 Interest 2273 58 6 Rents 811 79 7 Cash received from all other sources viz Bonds not due on real estate purchased 4310 53 Total income IIIDISBURSEMENTS DURING YEAR 1897 1 Losses and claims 19 600 00 2 Annual payments and assessments returned to members 6674 12 Total paid to members 26 274 12 3 Commissions and fees retained by or paid to agents 14069 30 4 Commissions and fees retained by or paid for collection of premiums i 870 93 5 Salaries and travelingexpenses of managers of agencies and general special and local agents 4762 07 6 Medical examiners fees whether paid di rect by members or otherwise 2595 20 7 Salaries and other compensation of officers and office employees 4 333 67 S Rent 600 taxes 269653 commuted commisions 300 3 596 53 10 Advertising blanks and printing 525 88 110158 28 65607 01COMPTROLLERGENERALS REPORT 317 11 All other items viz Repairs to real es tate 18735 postage telegrams 187 35 Legal fees and incidental office expenses 1470 02 Total 60190 07 Total disbursements 60190 07 IVINVESTED ASSETS 1 Cost value of real estate in cash exclusive of all incumbrances 5400 32 2 Loans on bond and mortgage first liens on realestate 18267 90 4 Loans made in cash to members on this companys certificates assigned as col lateral 7952 00 5 Cost value of bonds and stocks owned abso lutely 56800 00 6 Cash in office 269 45 7 Cash deposited banks on reserved fund ac count Augusta Nat Bank of Staunton Va S D Ferguson banker Roanoke Va total 5444 74 All other deposits Cash in hands of col lectors 3811 93 8 Agents ledger balances 15337 61 9 All other ledger assets viz Balances due on accounts and loans in process of set tlemen t 2291 27 Total 115575 22 Total net or ledger assets less depreciation 115575 22 VCONTINGENT ASSETS 12 Interest due 69393 and accrued 31809 1012 02 20 Annual payments or premiums in process of collection not yet due 6789 53 21 Total due from members 6789 53 22 Deduct estimated cost of collection 678 95 23 Net amount due from members 6110 58 VILIABILITIES 7 Borrowed money including 22988 interest due or ac crued 431053 4540 41 VIIEXHIBIT OF CERTIFICATES OH POLICIESNUMBER AND AMOUNT Total Business of 1807 No Amount Policies or certificates in force December 31 1896 2294 4350566 41 Policies or certificates written during the year 1897 575 1133534 41 Total 2869 5484100 82 Deduct number and amount which have ceased to be in force during 1897 432 746600 00 Total policies or certificates in force Dec 31 1897 2437 4737500 82318 COMPTROLLERGENERALS REPORT Losses and claims on policies or certificates unpaid De cember 311896 2 3000 00 Losses and claims on policies or certificates incurred during the year 1897 7 16600 00 Total 9 19600 00 Losses and claims on policies or certificates paid dur ing the year 1897 9 19600 00 Business in Georgia During 1897 Policies or certificates written during 1897 80 124000 00 Policies or certificates which have ceased to be in force during the year 1897 21 39500 00 Total policies in force December 31 1897 59 84500 00 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks 99000 00 Premiums 2376 48 L osses Tax 23 76 FIDELITY MUTUAL LIFE ASSOCIATION PHILADELPHIA PA IBALANCE SHEET Amount of net or ledger assets December 31st of previous year 1658554 10 Deduct ledger credit balance 1896 11221 56 1647332 63 IIINCOME DURING YEAR 1897 Gross amount paid by members to the asso ciation or its agents without deductions for commissions or other expenses as fol lows 3 Assessments Mortuary 63955219 ex pense 73031847 reserve 38370686 1753577 52 4 For medical examiners fees 3418 72 Total paid by members 1756996 24 5 Interest 32728 28 6 Rents 64958 88 7 Cash from all other sources viz Fees for changing policies 513 00 Profit on disposal of real estate and secur ities 1104 90 Total income 1856301 30 Total 3503633 93 innisi a DIKING YEAR 1897 1 Losses and claims 629202 75 2 Annual payments and ssments returned to members 93266 56 Total paid to members 722469 31COMPTROLLERGENERALS REPORT 319 3 Commissions and fees retained by or paid to agents 346508 05 Paid for collecting assessments on premiums to bankers or collectors 9597 96 5 Salaries and traveling expenses of managers of agencies and general special and local agents 55141 65 6 Medical examiners fees whether paid di rect by members or otherwise 49433 94 7 Salaries and other compensation of officers and other office employees 117198 52 8 Rent 4987819 taxes 2220949 72087 68 10 Advertising 1969511 blanks and printing 2576106 45456 17 11 All other items viz Traveling expenses 2144788 legal expenses 244113 23889 01 Expenses and repairs on real estate 23 11983 furniture 395220 27072 03 Losses on real estate and securities 6504 05 janitor fuel etc 116605 express age and telegrams 388871 11558 81 Postage 1325314 legislation 133607 library 110563 sundry expenses 2 47078 18165 62 Total expenses footings of items 3 to 11 77610944 Total disbursements 1498578 75 Balance 2005055 18 IVINVESTED ASSETS 1 Cost value of real estate in cash exclusive of all incumbrances 2 Loans on bond and mortgage first liens on real estate 28262733 second liens 2 70813 3 Loans secured by pledge of bonds stock or other marketable collaterals 4 Loans made in cash to members on this com panys certificates assigned as collateral Interest bearing notes secured by liens on policies 5 Cost value of bonds and stocks owned abso lutely 6 ash in office 7 Cash deposited in banks on reserved fund account Union Trust Co 1637239 Third National Bank 1028382 Seventh National Hank 1023756 Ninth National Bank 1543646 total 8 Agents ledger balances 19940735 bills receivable 1317562 2lc 157766 64 285335 46 46913 64 57603 09 69277 97 99126 25 566 115 52330 23 212582 97320 COMPTROLLERGENERALS REPORT 9 All other ledger assets viz Due from Citi zens Mutual Life Ins Co 2530907 Minn Loan and Trust Co 77947 sup plies 249989 suspended banks 1 06939 total 29657 82 10 Total net or ledger assets as per bal ance above 2011160 74 Deduct ledger credit balances 6105 56 11 Deduct depreciations from cost of as sets to bring same to market value 2005055 18 Total net or ledger assets less depre ciation 2005055 18 VCONTINGENT ASSETS 12 Interest due 302722 and accrued725111 10278 33 13 Rents accrued 2727 20 15 Market value of bonds and stocks over cost 1511 75 Total assets 2019572 46 VIINABILITIES 1 Losses due and unpaid number of claims 3 5498 35 2 Losses in process of adjustment or adjusted and not due number of claims 44 93000 00 3 Losses reported for which assessments have not been made number of claims 17 43000 00 4 Losses resisted by the company number of claims 10 42000 00 6 For salaries rents and office expenses 5000 00 9 All other liability viz Premiums or assessments paid before due 1000 00 Reserve on paidup and limited advance payment policies 493244 28 Total liabilities 682742 63 VIIEXHIBIT OF CERTIFICATES OH POLICIESNUMBER AND AMOUNT Total Business of ISO Number Amount Policies or certificates in force December 31 1896 29005 67412955 92 Policies or certificates written during the year 1897 8524 19898208 35 Total 37529 87311164 27 Deduct number and amount which have ceased to be in force during 1897 5876 14437437 17 Total policies or certificates in force Decem ber 311897 31653 72873727 10 Losses and claims on policies or certificates unpaid December 31 1896 57 138500 00 Losses and claims on policies or certificates incurred during the year 1897 284 68492i 28 Total 341 823423 28 Losses and claims on policies or certificates paid during the year 1897 267 639921 93COMPTROLLERGENERALS REPORT 321 Business in Georgia during 1897 Number Amount Policies or certificates in force December 31 1896 932 2107500 00 Policies or certificates written daring the year 1897 335 564373 00 Total 1267 2671873 00 Deduct number and amount which have ceased to be in force during 1897 166 385369 10 Total policies in force December 31 1897 1101 2286503 90 Losses and claims on policies or certificates unpaid December 31 1896 3 14000 00 Losses and claims on policies or certificates in curred during the year 1897 9 32000 00 Total 12 46000 00 Losses and claims on policies or certificates paid during the year 1897 10 31000 00 BUSINESS IX GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks 478687 00 Premiums 55923 57 Losses 30000 00 Tax 559 23 GEORGIA SICK AND ACCIDENT BENEFIT ASSOCIATION ATLANTA GA IVINVESTED ASSETS 4 Loans made in cash to members on this companys certificates assigned as collateral 50 00 6 Cash in office 800 00 Total 850 CO VCONTINGENT ASSETS 19 Weekly premiums or payments due and un paid on memberships in force 79 15 20 Weekly payments or premiums in process of collection not yet due up to January 1 1899 6340 80 21 Total due from members 6419 95 22 D duct estimated cost of collection 1283 99 23 Net amount due from members 5135 96 24 All other assets viz Office furniture 17500 stationery and blank books 25000 estimated 425 00 Total assets 6410 96 VILIABILITIES 8 To officers or others for advances on account of expenses of organization W Total liabilities 1Q0 0322 COMPTROLLERGENERALS REPORT VIIEXHIBIT OF CERTIFICATES OR POLICIESNUMBER AND AMOUNT Number Amount Policies or certificates in force March 10 1898 all in Georgia 1209 25480 00 Total policies or certificates in force March 101898 1209 25480 00 GUARANTEE SAFETY FUND LIFE ASSOCIATION MACON GA IBALANCE SHEET Amount of net or ledger assets IIINCOME DURING YEAR 1897 Gross amount paid by members to the asso ciation or its agents without deductions for commissions or other expenses as follows Membership fees 1165 00 Annual dues 2204 84 Assessments 475 57 For medical examiners fees 250 00 Total paid by members Interest Cash received from all other sources viz Guarantee notes Demand note 1095 41 9 00 588 50 375 00 8 9 in Total income Total IIIDISBURSEMENTS DURING YEAR 1897 Losses and claims Annual payments and assessments returned to members Total paid to members Commissions and fees retained by or paid to agents Salaries and traveling expenses of managers of agencies and general special and local agents Medical examiner s fees whether paid direct by members or othersvise Salaries and other compensation of officers and other office employees Rent taxes 7408 commuted com missions 65355 Advanctd to officers and agents to be repaid out of future salaries or commissions Advertising 23660 blanks and printing 12266 5067 91 427 89 5067 91 5495 80 2000 00 19 60 2019 90 2019 90 624 40 349 17 2o2 00 50 00 727 G3 144 95 359 26 COMPTROLLERGENERALS REPORT 323 11 All other items viz Postage express tele graph insurance literature furniture fuel etc 17000 medical director 6250 total Total expenses footings of items 3 to 11 Total disbursements Balance 232 50 2749 91 2749 91 4768 91 726 89 IVINVESTED ASSETS 4 Loans made in cash to members on this com panys certificates assigned as collateral reserve 6 Cash in office 7 Cash deposited in banks on reserved fund account Bank of LaGrange All other deposits Exchange BankMacon 804 Macon Savings Bank 3600 total Total net or ledger assets less depreciation 136 90 383 04 162 91 44 04 VCONTINGENT ASSETS 16 Due from members for guarantee notes not yet due 21 Total due frora members 23 Net amount due from members 24 All other assets viz Forfeited guarantee notes 137288 duefrom agents 11295 Less estimated cost of collection Total Total assets 3227 12 3227 12 1485 83 137 28 726 89 3227 12 1348 55 5302 56 VILIABILITIES Borrowed money including 2250 interest due or accrued 397 50 Total liabilities 4905 06 VIIEXHIBIT OF CERTIFICATES OR POLICIESNUMBER AND AMOUNT Total Business of 1897 Number Amouut Policies or certificates in force December 31 1896 166 Policies or certificates written during the year 1897 64 Total 230 Deduct number and amount which have ceased to be in force during 1897 30 Losses and claims on policies or certificates incurred during the year 1897 332000 00 128000 00 460000 00 G0000 00 Total policies or certificates in force December 311897 200 400000 00 2000 00 Total 2000 00324 COMPTROLLERGENERALS REPORT Business in Georgia during 1897 Number Amount Policies or certificates in force December 31 1896 1G6 332000 00 Policies or certificates written during the year 1897 64 128000 00 Total 230 460000 00 Deduct number and amount which have ceased to be in force during 1897 30 60000 00 Total policies in force December 31 1897 200 400000 00 Losses and claims on policies or certificates incurred during the year 1897 1 2000 00 Total 1 2000 00 Losses and claims on policies or certificates paid during the year 1897 1 2000 00 THE HARTFORD LIFE INSURANCE COMPANY HARTFORD CONN IBALANCE SHEET As shown by the Books at Home Office at Close of Business December 1 Amount of net ledger assets December 31st of previous year 1619968 48 IIINCOME DURING YEAR Gross amount paid by members to the asso ciation or its agents without deductions for commissions or other expenses as follows 1 Membership fees required or represented by applications Admission fees 9558600 annual dues 26620683 361792 83 2 First years assessments or premiums Ex pense 2835148 mortuary 10502443 for other purposes safety fund 14690 149065 91 3 Subsequent years assessments or premiums Expense 1203617 mortuary 1305 87292 for other purposes safety fund 2223731 taxes 995502 1350101 42 4 Medical examiners fees paid by applicant 22217 06 Total paid by members 1883177 22 5 Interest froA bonds and stocks 1181350 safety fund 4714810 other sources 471545 63777 05 8 From all other sources viz Advance pay ments 6367 62 Total income during tbe year 1953321 8S Total 3573288 36COMPTROLLERGENERALS REPORT 325 IIIDISBURSEMENTS DURING THE YEAR As Shown by the Books at Home Office at Close of Business December 31 1 Death claims or installments paid 1472750 46 3 Advance payments applied on premiums 7764 55 4 Paid members for dividends 76625 97 Total paid to members 1557140 98 5 Commissions and fees retained by or paid or allowed to agents on account of first years fees dues assessments or premiums 119 15738 subsequent years 5051144 169669 32 7 Salaries and allowances of managers and agents not paid by commissions 8075 00 8 Salaries of officers 21899 97 9 Salaries and other compensation of office em ployees 40619 14 10 Medical examiners fees whether paid direct by members or otherwise 25383 06 11 Taxes on premiums 1232099 insurance de partment fees and licenses 260913 mu nicipal licenses 30800 tax on franchise 83090 16075 02 13 Rent less subleases 8304 79 14 Legal expenses 292896 advertising and printing 819099 11119 95 16 All other items viz Commissions 3561733 postage 1142673 reinsurance 17761 office expenses 345165 traveling 5 44947 26122 79 Dividends on capital stock 30000 00 Transferred to stock department of dues 68000 00 Total expenses footings of items 5 to 10 43526904 Total disbursements 1992410 02 Balance 1580878 34 IVLEDGER ASSETS As per Ledger Accounts Shown by the Books at Home Office at Close of Business December 31 3 Loans secured by pledge of bonds stocks or other collateral 20000 00 4 Book value of bond3 excluding interest 1511483 68 and stocks 8410358 240587 26 5 Cash in office 571720 deposited in banks 12238313 128100 33 First National Bank of Hartford Conn 5842435 Farmers and Merchants Hart ford Conn 5905878 Nebraska National Bank of Omaha 4900 Safety fund securities on deposit with secu rity company 1192190 75 Total 1580878 34 9 Total net ledger assets as per balance on page 1 1580878 34326 COMPTROLLERGENERALS REPORT VNONLEDGER ASSETS 11 Interest accrued 4630 12 16 Mortuary assessments to become due on post mortem policies not exceeding one assess ment nor the amountof post mortem claims not assessed for per item 4 of liabilities 322100 00 Total nonledger assets 18 326730 12 Gross assets 1907608 46 DEDUCT ASSETS NOT ADMITTED 5 Depreciation in ledger assets to bring same to market value 8888 73 6 Total Total admitted asset VI NONLEDGER LIABILITIES 3 Losses on post mortem policies due and unpaid 250 00 4 Losses on post mortem policies not adjusted 297100 resisted 25000 322100 00 7 Salaries rents expenses taxes lulls ac counts bonuses commissions fees etc due or accrued 573 60 9 Premiums or assessments paid before due 2169 18 10 Excess over associations whole life rates of all premiums received on any form of ad vance limited payment or deposit policies and 4 per cent accumulated interest thereon 1082 00 12 Total liabilities Balance to protect contracts Comprised under the following funds 13 Mortuary fund less amount thereof included in liabilities and in assets not admitted 28563 67 24 Reserve fund less amount thereof included in liabilities and in assets not admitted 59329 55 16 Safety fund less amount thereof included in liabilities and in assets not admitted 1192190 75 17 Genera expense fund less amount thereof included in liabilities and in assets not ad mitted 291960 98 Total special funds VIIEXHIBIT OF CERTIFICATES OR POLICIES 8888 73 1898719 73 326674 78 1572044 95 1572044 95 Total Business of I he Year No Business in Georgia During Y ar Amount No Amount Policies or certificates in force December 31 beginning of year 43964 91582200 1670 3860500 Policies or certificates written or increased during the calendar year 5470 9149400 394 818000 Total 49434 100731000 2064 4678 500COMPTROLLERGENERALS REPORT 327 Deduct decreased or ceased to be in force duringyear 5316 10664000 326 649000 Total policies or certificates in force Decembers end of year 44118 90067600 1738 4029500 Losses and claims unpaid December 31 be ginning of year 136 324000 4 20000 Losses and claims incurred during the cal endar year 576 1490100 14 48000 Total 712 1814100 18 68000 Resisted claims decided in our favor 2 4000 Losses and claims paid scaled down and compromised during the year 599 1488000 16 48000 Losses and claims outstanding unpaid last December 31 end of year Ill 322100 2 20000 Premiums and assessments collected during year 1499167 33 7493 73 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks 812000 00 Premiums 16995 96 Losses 700 00 Tax G9 95 I THE HOME FRIENDLY SOCIETY BALTIMORE MD IBALANCE SHEET Amount of net or ledger assets December 31st of previous year IIINCOME DURING YEAR 1887 Gross amount paid by members to the asso ciation or its agents without deductions for commissions or other expenses as follows 1 Membership fees 2 Annual dues 3 Assessments 4 For stationery and duplicates Total paid by members 5 interest 6 Bents 7 Cash received from all other sources viz Advance returued Total income Total 623 97 403 35 156944 79 147 93 158120 04 87 52 3974 71 10 00 26944 01 162192 27 189136 28328 COMPTROLLERGENERALS REPORT IIIDISBURSEMENTS DURING YEAH 1897 1 Losses and claims 5g 531 04 2 Annual payments and assessments returned to members 329 47 Total paid to members 58860 51 3 Commissions and fees retained by or paid to agents 39745 57 5 Salaries and traveling expenses of managers of agencies and general special and local agents 24446 OS 6 Medical examiners fees whether paid direct by members orotherwise 1666 50 7 Salaries and other compensation of officers and other office employees 15612 76 8 Rent 313120 taxes 162382 4755 02 10 Advertising 9754 15 11 All other items viz Attorneys fees 41238 postage 22877 interest 1 05613 bills payable 200000 3697 23 Building expenses 357219 furniture 42700 all other items 221404 6213 23 Total disbursements Balance IVINVESTED ASSETS 1 Cost value of real estate in cash exclusive of all incumbrances 24203 89 5 Cost value of bonds and slocks owned absolutely 3097 50 6 Cash in office 1 824 25 All other deposits Old Town Bank 2 01679 Commonwealth 24280 2259 59 10 Total net or ledger assets 31385 23 Total net or ledger assets less depreciation VCONTINGENT ASSETS 12 Interest due 13 Rents due and accrued 14 Market value of real estate over cost 15 Market value of bonds and stocks over cost 17 Mortuary assessments due and unpaid on membership in force 2748 25 21 Total due from members 2 748 25 22 Deduct estimated cost of collection 137 41 13 Net amount due from members Total assets VI LIABILITIES 7 Bills payable Total liabilities 157751 05 31385 2 31385 23 105 00 257 75 11538 61 52 50 2610 84 48949 93 670H 00 6700 00COMPTROLLERGENERALS REPORT 329 ynEXHIBIT OF CERTIFICATES OR POLICIESNUMBER AND AMOUNT Total Business of 1897 Number Amount Policies or certificates in force December 31 1896 30194 2283590 00 Policies or certificates written during the year 1897 28202 1974140 00 Total 58396 4257730 00 Deduct number and amount which have ceased to be in force during 1897 20984 1473320 00 Total policies or certificates in force December 31 1897 37412 2784410 00 Losses and claims on policies or certificates incurred during the year 1897 7414 58530 29 Total 7414 58530 29 Losses and claims on policies or certificates paid during the year 1897 7414 58530 29 Butiness in Georgia During 1897 Number Amount Policies or certificates in force December 31 1897 2108 147560 00 Policies or certificates written during the year 1896 599 42930 00 Total 2707 190490 00 Deduct number and amount which have ceased to be in force during 1897 557 26390 00 Total policies in force December 31 1897 2150 164100 00 Losses and claims on policies or certificates incurred during the year 1897 1003 4025 49 Total 1003 4025 49 Losses and claims on policies or certificates paid during the year 1897 1003 BUSINESS IN GEOBGIA FOR YEAH ENDING APRIL 30 1898 Risks Premiums Losses Tax 4025 49 48 25 9579 83 4278 94 95 79330 COMPTROLLERGENERALS REPORT THE INDUSTRIAL AID ASSOCIATION ATLANTA GA IBALANCE SHEET Amount of net ledger assets December 31st of previous year 1110 15 IIINCOME DUBING YEAR 1897 Gross amount paid by members to the associa tion or its agents without deductions for commissions or other expenses as fol lows 1 Membership fees 445 50 2 Annual dues n 629 25 4 For medical examiners fees 50 Total paid by members 12075 25 Total income 075 25 Total 13185 40 III DISBURSEMENTS DURING THE Vu 1897 1 Losses and claims weekly indemnity 1347 230935 deaths 40 45350 2492 85 2 Annual payments and assessments re turned to members 7 75 Total paid to members 2500 60 3 Commissions and fees retained by or paid to agents 5499 09 4 Commissions and fees retained by or paid to officers and directors 2020 00 5 Salaries and traveling expenses of mana gers of agencies and general traveling expenses 4gg qq 6 Medical examiners fees whether paid di rect by members or otherwise 60 00 7 Salaries and other compensation of officers and other office employees 4i9 50 8 Rents 14400 taxes 4000 180 00 10 Advertising 17750 blanks and printing 1300 307 50 11 All other items viz Postage and ex press 4811 office and fixtures 21000 loans on policies 68400 total 942 11 Total expenses footings of items 3 to 11 961220 Total disbursements 12 108 80 Balance 1076 60 COMPTROLLERGENERALS REPORT Sol IVINVESTED ASSETS 4 Loans made in cash to members on this companys certificates assigned as col lateral 648 00 6 Cash in office 221 80 All other deposits Neal Loan Bank of Atlanta 70280 The National Bank of Savannah 14800 850 80 8 Agents ledger balances 864 80 10 Total net or ledger assets 107660 Total net or ledger assets less depreciation 25S54 40 VCONTINGENT ASSETS 19 Annual payments or premiums due and unpaid on memberships in force 864 80 20 Annual payments or premiums in process of collection not yet due paid weekly 27456 00 21 Total due from members 28320 80 22 Deduct estimated cost of collection 20 per cent 5664 16 23 Net amount due from members 22656 64 22656 64 24 All other assets viz Office furniture 600 00 Blanks and books 320 00 Total 23576 64 Total assets 26162 04 VILIABILITIES 5 National State or other taxes due 285 00 8 To officers or others for advance on account of expenses of organization 800 00 Total 1085 00 VIIEXHIBIT OF CERTIFICATES OR POLICIES Total Business of 1S7 No Amount Policies or certificates in force October 4 1897 9347 205634 00 Policies or certificates written during the year 1897 4767 Total 14114 310508 00 Deduct number and amount which have ceased to be in force during 1897 3229 Total policies or certificates in force De cember 31 1897 10885 239470 00 Losses and claims on policies or certificates in curred during the year 1897 134740 Total 134740 2492 85332 COMPTROLLERGENERALS REPORT Losses and claims on policies or certificates paid during the year 1897 134740 Policies or certificates in force October 4 1897 9347 Policies or certificates written during the year 1897 4767 Total 14114 Deduct number and amount which have ceased to be in force during 1897 3229 Total policies in force December 31 1897 10885 Losses and claims on policies or certificates un paid December 31 1897 134740 Total 1387 Losses and claims on policies or certificates paid during the year 1897 134740 BUSINESS IS GEORGIA FOR YEAR ENDING APRIL 1898 Risks Premiums Losses Tax 2492 85 205634 00 310508 00 239470 00 2492 85 2492 85 2492 85 391336 00 36842 55 11120 30 368 42 ILLINOIS LIFE ASSOCIATION CHICAGO ILL IRAI VNCB SHEET Amount of net ledger assets December 31st of previous year 42305 So IIINCOME DURING YEAR As Shown by the Books at Home Office at Close of Business December 31 Gross amount paid by members to the association or its agents without deduc tions for commissions or other expenses as follows 2 First years assessments or premiums Expense 5470472 reserve 3000 54734 72 3 Subsequent years assessments or pre miums Expense 3907390 mortuary 2980514 reserve 494204 7382108 4 Medical examiners fees paid by applicant 36 00 Total paid by members 1285591 80 5 Interest 557 29 S From all other sources viz Loan Fort Dearborn National Bank 10000 00 Total income during the year 139149 09 Sum of both amounts 181454 94 IIIDISBURSEMENTS DURING YEAR As Shown by the Books at Home Office at Close of Business December 31 1 Death claims or installments paid 26075 00 3 Surrendered policies 906 11 Total paid to members 26981 11COMPTROLLERGENERALS REPORT 333 5 Commissions and fees retained by or paid or allowed to agents on account of first years fees dues assessments or pre miums 4667324 subsequent years 1188653 58559 77 6 Commissions paid or allowed for collecting assessments or premiums to banks or collectors 762 70 7 Salaries and allowances of managers and agents not paid by commissions 3614 94 8 Salaries of officers 3313 88 9 Salaries and other compensation of office employees 6884 93 10 Medical examiners fees whether paid di rect by members or otherwise 7151 50 11 Taxes on premiums 1010 insurance de partment fees and licenses 64825 agents licenses 7100 729 35 12 Rent of agents offices 1062 50 13 Rents including for associations use of own buildings less subleases 3150 00 14 Furniture 42194 legal expenses 14510 stationery 131659 advertising and printing 261482 4438 45 16 All other items viz Traveling expenses 225719 expense 183154 postage 190048 loan Fort Dearborn National Bank repaid 1000000 15989 21 Total expenses footings of items 5 to 16 10571723 Total disbursements 132698 34 Balance 48756 63 IVLEDGER ASSETS As per Ledger Accounts Shown by the Books at Home Office at Close of Business December 31 1 Book value of real estate unincumbered 5 Cash in office 49844 deposited in Fort Dearborn National Bank 3739783 37896 32 Deposited with insurance department of Mo 10000 00 6 Agents debit balances 10311 98 Total 49203 30 DEDUCT LEDGER LIABILITIES 8 Agents credit balances 451 70 Total net ledger assets 48756 60 VNONLEIXIE P A SSETS 13 Furniture and fixtures 2597 89 15 Mortuary assessments due on last call made within sixty days on insurance in force 16834 81 17 Other items Bills receivable Reserve Fund notes 15085 00 Total nonledger assets 34517 70 Gross assets 83274 30334 COMPTROLLERGENERALS REPORT DEDUCT ASSETS NOT ADMITTED 1 Furniture fixtures and safes 2597 89 2 Agents debit balances not secured by bonds 755279 bills receivable not secured 1508500 22637 79 Total 25235 68 Total admitted assets 58038 62 VIXONLEDGER LIABILITIES 1 Losses on stipulated prem pols adjusted not due 10000 00 2 Losses on stipulated prem pols not ad justed 2500 resisted 1000 3500 00 12 Total liabilities 13500 00 Balance to protect contract 44538 62 13 Mortuary fund less amount thereof in cluded in liabilities and in assets not ad mitted 8385 18 14 Reserve fund less amount thereof included in liabilities and in assets not admitted 23922 60 16 Deposit fund less amount thereof included in liabilities and in assets not admitted 1000 00 17 General or expense fund less amount thereof included in liabilities and in as sets not admitted 11230 84 Total special funds 44538 62 VIIEXHIBIT OF CERTIFICATES OR POLICIES Total business of the year Business in Georgia curing yetr No Amount No Amount Policies or certificates in force De cember 31 beginning of year 2854 6044500 00 22 39500 00 Policies or certificates writ ion or increased during the calen dar year 2306 3941000 00 97 I 11500 00 Total 5160 9985500 00 119 284000 00 Deduct decreased or ceased to be in force during year 1332 2659000 00 33 49000 00 Total policies or certificates in force last December 31 end of year 3828 7326500 00 86 135000 00 Losses and claims unpaid Decem ber 31 beginning of year 5 12000 00 Losses and claims incurred during the calendar year 13 33500 00 Total 18 45500 00 Losses and claims paid scaled down and compromised during the year 13 32000 00 Losses and claims outstanding un paid last December 31 end of year 5 13500 00 Premiums and assessments col lected during year 128556 80 1769 99COMPTROLLERGENERALS REPORT 335 BUSINESS IN GEORGIA FOR THE YEAR ENDING APRIL 30 1898 Risks 139000 00 Premiums 2245 62 Tax 22 45 MUTUAL RESERVE FUND LIFE ASSOCIATION NEW YORK N Y IBALANCE SHEET Amount of net or ledger assets Dec 31st of previous year 4021140 29 IIINCOME DURING YEAR 1897 Gross amount paid by members to the association or its agents without deductions for commissions or other ex penses as follows 1 Membership fees 59615 55 2 Annual dues 1490271 44 3 Assessments 4207049 39 4 For medical examiners fees 18711 00 Total paid by members 5775647 38 5 Interest 135818 48 6 Rents 149702 20 7 Cash received from all other sources viz Fees for alterations in policies etc 1065 48 8 Special deposits received during 1897 574 20207 applied on assessments and includ ed in No 3 55532574 18876 33 Total income 6091399 87 Total 10102450 16 IIIDISBURSEMENTS DURING YEAR 1897 1 Losses and claims Death losses 4060 47914 disability claims 1160431 oth er benefits 477894 4076862 39 1 Cash dividends to policyholders bonds redeemed interest paid and policies sur rendered 84770 35 2 Annual payments and assessments returned to members 970 74 Total paid to members 4162603 48 3 Commissions and fees retained by or paid to agents 622084 57 4 Commissions paid or allowed for collecting assessments 57068 06 5 Salaries of managers and agents not paid by commissions 48462 59 6 Medical examiners fees whether paid di rect by members or otherwise 62882 61 7 Salaries and other compensation of officers and other office employees 367376 03 22c336 COMPTROLLERGENERALS REPORT 8 Rent 22107368 taxes 2934937 250423 05 10 Advertising 5305322 blanks and print ing 3602007 89073 29 11 All other items viz Investment expense 2304 legal expense 2260525 travel ing expense 1449573 actuarial ex pense 1679500 postage 3555304 agency expense 5498727 general office expense 8310067 total 229840 96 12 Expense investigating and adjusting 4 07208345 of death and disability claims 73268 23 Total expenses footings of items 3 to 11 180047939 Total disbursements 5963082 87 Balance 7139367 29 IVINVESTED ASSETS 1 Cost value of real estate in cash exclusive of all incumbrances 555528 14 2 Loans on bond and mortgage first liens on realestate 1727800 00 5 Cost value of bonds and stocks owned abso lutely 324118 29 6 Cash in office 960 84 7 Cash deposited in banks on reserved fund account total 633976 85 All other deposits 251209 48 On deposit in collecting banks and with bonded collectors transferred since Dec 31 1897 to New York city banks total 151310 01 8 Agents ledger balances 461085 95 9 All oter ledger assets viz Furniture and Bxtures total 56377 73 10 Total net or ledger assets 4139367 29 11 Deduct depreciation from cost of assets to bring them to market value 200000 00 Total net or ledger assets less depreciation 3939367 29 VCONTINGENT ASSETS 12 Interest due 906836 and accrued 1632424 25392 64 13 Rents due 448868 and accrued 343333 7922 01 14 Market value of real estate over cost 8 46 15 Market value of bonds and stock over cost 36556 80 17 Mortuary assessments due and unpaid on memberships in force 79958 29 18 Mortuary assessments not yet due 1532788 00 20 Annual and expense dues in process of col lection and not yet due 218378 57 21 Total due from members 1831124 86 22 Deduct estimated cost of collection 183112 49 23 Net amount due from members 1648012 37 24 All other assets viz Death claims paid in anticipation of February 1 1898 assessment 120091 57 Total assets 5785974 14COMPTROLLERGENERALS REPORT 3S7 VILIABILITIES 1 Losses due and unpaid Number of claims 1 Pay ment enjoined by court 5000 00 2 Losses in process of adjustment or adjusted and not due Number of claims 314 1084489 61 4 Losses resisted by the company Number of claims 31 184500 00 9 Amount of all other liability viz Special reserve to cover possible shrinkage in items of investment receiv ed from Provincial Provident Institution 16353 05 10 Advance assessments 17580050 outstanding bond ob ligations 19519863 total 370999 13 Total liabilities 1661341 79 VIIEXHIBIT OP CERTIFICATES OR POLICIESNUMBER AND AMOUNT Total Business of 1897 No Amount Policies or certificates in force December 31 1896 118449 325026061 00 Policies or certificates written during the year 1897 21763 56234785 00 Total140212 381260846 00 Deduct number and amount which have ceased to be in force during 189728304 79693745 00 Total policies or certificates in force December 31 1897111908 301567101 00 Losses and claims on policies or certificates unpaid December 31 1896 272 927326 48 Losses and claims on policies or certificates incurred during the year 1897 1473 4655000 00 Total 1745 5582226 48 Losses and claims on policies or certificates paid dur ing the year 1897 1352 4238236 11 Business in Georgia During 1897 Policies or certificates in force December 31 1896 2891 7628350 00 Policies or certificates written during the year 1897 1100 1949700 00 Total 3991 9578050 00 Deduct number and amount which have ceased to be in force during 1897 1236 2988500 00 Total policies in force December 31 1897 2755 6589550 00 Losses and claims on policies or certificates unpaid December 31 1896 7 47000 00 Losses and claims on policies or certificates incurred during the year 1897 24 71500 00 Total 31 118500 00 Losses and claims on policies or certificates paid dur ing the year 1897 22 90500 00 BUSINESS IX GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks written during the year 1748700 00 Premiums 97370 80 Losses 57800 00 Tax 973 70338 COMPTROLLERGENERALS REPORT THE NATIONAL LIFE ASSOCIATION HARTFORD OONN IBALANCE SHEET Amount f net ledger assets December 31 of previous year 425225 42 IIINCOME DURING YEAR As Shown oy the Books at Home Office at Close of Business December 81 Gross amount paid by members to the Association or its agents without deductions for commissions or other expenses as follows 2 First years assessments or premiums Ex pense 186688 94 3 Subsequent years assessment or premiums Expense 8854435 ortmuary and re serve 56085597 649400 32 4 Medical examiners fees paid direct by ap plicant estimated 5000 00 Total paid by members 841089 26 5 Interest from mortgages 402417 Bonds and stocks 344209 Other sources 2 61834 10084 60 6 Rents 4549 17 Total income during the year 855723 13 Sum of both amounts 1280948 55 IIIDISBURSEMENTS DURING YEAR As Shown oy the Books at Home Office at Close of Business December 31 1 Death claims or installments paid 531645 44 4 Paid members for dividends 1009553 for surrender values 1213688 22232 41 Total paid to members 553877 85 5 Commissions and fees retained by or paid or allowed to agents on account of first years fees dues assessments or premi ums 12557777 subsequent years 36 76886 162346 63 7 Salaries and allowances of managers and agents not paid by commissions 11527 04 8 Salaries of officers 18780 53 9 Salaries and other compensation of office employes 20714 68 10 Medical examiners fees whether paid di rect by members or otherwise 5130 00 11 Taxes on premiums 105446 insurance de partment fees and licenses 177269 tax on franchise 1000 2837 15 12 Taxes on real estate and investments 3 73779 expense and repairs on real es tate 809526 11833 05 13 Rent 397906 interest 514268 9121 74COMPTROLLERGENERALS REPORT 339 14 Furniture 76292 legal expenses 12386 25 advertising and printing 683401 19983 18 16 Traveling expenses 1266912 Blanks and stationery 83333 13502 45 17 All other items including incidental ex penses postage and exchange 1042800 dividends to stockholders 300000 and loss and gain 1219374 being sundry agents and other accounts considered valueless 25621 74 Total management expenses 30139819 Total disbursements 855276 04 Balance 425672 51 IVLEDGEK ASSETS As per Ledger Accounts Shown by the Books at Home Office at close of business December 31 1 Book value of real estate unincumbered 331083 incumbered 22240000 225710 83 2 Loans on mortgages of real estate first liens 66299 67 3 Loans secured by pledge of bonds stocks or other collateral 5435 94 4 Book value of bonds excluding interest 600370 and stocks 7040843 76412 13 5 Cash in office 651699 deposited in banks 609908 City Bank Hartford358434 First National Bank Hartford 251474 12616 07 6 Agents debit balances 2046267 bills re ceivable 402828 34490 95 7 Other assets viz Premium notes 5051 22 Total 426016 81 Deduct Ledger Liabilities 8 Agents credit balances 344 30 9 Total net ledger assets 425672 51 t VNONLEDGER ASSETS 10 Interest due 244495 accrued 56366 on mortgages 3008 61 11 Interest due 32605 accrued 7693 on other assets 402 98 12 Rents due 1012 25 15 Mortuary assessments due on last call made within sixty days on insurance in force 13972 33 Total nonledger assets 18396 17 Gross assets 444068 68 Deduct Assets not Admitted 2 Agents debit balances not secured by bonds 2046267 bills receivable not se cured 1402828 34390 95340 COMPTROLLERGENERALS REPORT 3 Loans on personal security premium notes unsecured 5051 22 5 Depreciation in ledger asests to bring same to market value 74179 96 Total 113722 13 Total admitted assets 330346 55 VINONLEDGER LIABILITIES 1 Losses on stipulated premium policies ad justed not due 76488 00 2 Losses on stipulated premium policies not adjusted 8325700 resisted 2007060 103327 60 7 Salaries rents expenses taxes bills ac counts bonuses commissions fees etc due or accrued 25401 15 8 Surrender value obligations due or accrued 1704 05 9 Premiums or assessments paid before due 1618 50 10 Excess over associations whole life rates of all premiums received on any form of advance limited payment or deposit poli cies and 4 per cent accumulated interest thereon 152 14 12 Total liabilities 208691 44 Balance to protect contracts 121655 11 Comprised under the following funds 13 Mortuary reserve and emergency fund less amount thereof included in liabilities and in assets not admitted 13618 14 14 General or expense fund less amount thereof included in liabilities and in as sets not admitted 58036 97 15 Capital stock paid in 50000 00 Total special funds 121655 11 VIIEXHIBIT OP CERTIFICATES OR POLICIES Total Business ol Business in Georgia the Year During Year Number Amount Number Amount Policies or certificates in force De cember 31 1896 as reported 16849 32305590 00 799 1006540 00 Policies or certificates written or increased during the year 1897 7095 10922405 00 549 730700 00 Total 23944 43227995 00 1348 1737240 00 Deduct policies not in force Decem ber 31 1896 included in above 4233 8938125 00 165 220750 00 Deduct decreased or ceased to be in force during year 4908 9231649 00 343 487355 00 Total policies or certificates in force December 31 1897 14803 2502822100 840 1029135 00 Losses and claims unpaid Decem ber 31 1896 as reported 56 105958 00COMPTROLLERGENERALS REPORT 341 Losses and claims omitted in state ment of December 31 1896 26 Losses and claims incurred during the year 1897 321 403 Total Losses and claims paid scaled down and compromised during the year 1897 270 Losses and claims outstanding un paid December 31 1897 133 Premiums and assessments collect ed during year 1897 BUSINESS IN GEOBGIA FOK YEAR ENDING APRIL 30 1898 Risks309750 00 Premiums 20731 27 Losses 5438 57 Tax 207 31 37876 68 1 775 00 502871 45 11 12 8601 84 646706 13 9376 84 446890 53 7 5369 84 199815 60 5 4007 00 836089 26 24012 03 NATIONAL MUTUAL LIFE ASSOCIATION ST PAUL MINN IBALANCE SHEET Shown December 31 1896 152129 26 Guaranty notes cut out 107641 14 Amount of net ledger assets December 31st of previous year IIINCOME DURING YEAR 1897 Gross amount paid by members to the asso ciation or its agents without deductions for commissions or other expenses as follows 3 Assessments 115396 00 4 For medical examiners fees 3658 00 4 44488 12 Total paid by members 118054 00 5 Interest other sources 886 40 6 Rents profit on disposal of real estate 250 00 7 Cash received from all other sources viz Other general fund income 6925 00 Transfer from reserve to mortuary fund 15000 Total income Total IIIDISBURSEMENTS DURING YEAR 1S97 1 Losses and claims and expenses mortuary 66628 40 2 Annual payments and assessments returned to members 120 35 Total paid to members 66748 75 3 Commissions and fees retained by or paid to agents 28563 18 126115 40 170003 52342 COMPTROLLERGENERALS REPORT 4 Commissions and fees retained by or paid to collectors 916 65 5 Salaries and traveling expenses of managers of agencies and general special and local agents 8552 69 6 Medical examiners fees whether paid direct by members or otherwise 5089 68 7 Salaries and other compensation of officers and other office employees 14630 76 8 Rent 182644 taxes 48 commuted com missions insurance department 63620 2 510 64 10 Advertising 247580 blanks and printing 10265 legal expenses 68727 all other items viz Poor accounts 5844 post age 30209 interest 118 general ex penses 93499 traveling expenses 3 22338 actuarial 625 total 8411 20 Overdraft of December 31 1896 mortuary fund 4393 86 Total expenses footings of items 3 to 11 6867480 Total disbursements Balance 139817 41 30786 11 IVINVESTED ASSETS 6 Cash in office 145 94 7 Cash deposited in bank Metropolitan Bank Minneapolis 15378 15 Bills receivable secured 15335 63 All other deposits Personal ledger deposit 550 00 Office furniture 1310 60 Less agents balances plus advanced payments etc Total net or ledger assets less depreciation 32720 32 1934 21 30786 11 VCONTINGENT ASSETS 12 Interest due and accrued 18 Mortuary assessments not yet due Total due from members Deduct estimated cost of collection 10 per cent Net amount due from members Total assets S87 50 57699 00 58086 50 5769 90 52316 60 83102 71 VILIABILITIES 2 Losses in process of adjustment or adjusted and not due 28608 45 4 Losses resisted by the company 10900 00 Total Net assets 39508 45 53594 26COMPTROLLERGENERALS REPORT 343 VIIEXHIBIT OF CERTIFICATES OR POLICIESNUMBER AND AMOUNT Policies or certificates in force December 31 1896 4772 Policies or certificates written during the year 1897 1427 Total Business of 1897 Number Amount 8664500 00 2030750 00 Total 6199 10695250 00 Deduct number and amount which have ceased to be in force during 1897 2707 4463250 00 Total policies or certificates in force December 81 1897 3492 Losses and claims on policies or certificates unpaid December 31 1896 39 Losses and claims on policies or certificates incurred during the year 1897 33 Total Losses and claims on policies or certificates paid dur ing the year 1897 72 37 35 6232000 00 81350 00 38422 33 119772 33 80864 12 38908 21 Policies or certificates in force December 31 1897 Policies or certificates written during the year 1897 Business in Georgia during 1897 Number Amount 3 5000 00 87 132500 00 Total Deduct number and amount which have ceased to be in force during 1897 90 31 137500 00 37500 00 Total policies in force December 31 1897 59 100000 00 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1897 Risks Premiums Tax 37000 00 1032 07 10 32 THE NEW YORK CASUALTY COMPANY NEW YORK N Y IBALANCE SHEET Amount of net or ledger assets December 31st of previous year 8774 51 IIINCOME DURING YEAR 1897 Gross amount paid by members to the asso ciation or its agents without deductions for commissions or other expenses as fol lows 1 Membership fees 1888 50 3 Assessments 13252 13 Total paid by members 15140 63344 COMPTROLLERGENERALS REPORT 7 Cash received from all other sources viz Fees and commissions returned by agents 6148 donation to increase assets of the company 1882266 total 18884 14 Total income Total IIIDISBURSEMENTS DUBING YEAH 1897 1 Losses and claims 4259 98 2 Annual payments and assessments returned to members 84 92 Total paid to members 4344 90 3 Commissions and fees retained by or paid to agents 10412 39 6 Medical examiners fees whether paid di rect by members or otherwise 268 91 7 Salaries and other compensation of officers and other office employees 1126 25 10 Advertising 4 20 11 All other items viz Office incidentals 1492 postage 500 total 19 92 Total disbursements Balance IVINVESTED ASSETS 5 Cost value of bonds and stocks owned abso lutely 20000 00 6 Cash in office 3000 00 7 Cash deposited in banks on reserved fund account Reserved fund invested in se curities All other deposits as follows Chase Na tional Bank of New York City 200000 Standard National Bank of New York City 162271 total 3622 71 10 Total net or ledger assets 26622 71 Total net or ledger assets less depreciation VCONTINGENT ASSETS Annual payments or premiums due and un paid on memberships in force 695 17 Total due from members 695 17 Deduct estimated cost of collection 451 86 19 21 22 23 Net amount due from members 243 31 24 All other assets viz Contingent policy fees on certain policies 65 00 Total Total assets 34024 77 42799 28 16176 57 26622 71 26622 71 308 31 26931 02COMPTROLLERGENERALS REPORT 345 VILIABILITIES 2 Losses in process of adjustment or adjusted and not due number of claims 2 136 50 4 Losses resisted by the company number of claims 1 200 Total liabilities 336 50 VIIEXHIBIT OP CERTIFICATES OH POLICIESNUMBER AND AMOUNT Total Business of 1897 No Amount Policies or certificates in force December 81 1896 714 1248424 50 Policies or certificates written during the year 1897 1573 9968046 00 Total 2287 11216470 50 Deduct number and amount which have ceased to be in force during 1897 1145 3110092 50 Total policies or certificates in force December 31 1897 1142 8106378 00 Losses and claims on policies or certificates unpaid De cember 31 1896 12 301 38 Losses and claims on policies or certificates incurred dur ing the year 1897 166 4811 83 Total 178 5113 21 Losses and claims on policies or certificates paid during the year 1897 170 4259 98 NEW ENGLAND MUTUAL ACCIDENT ASSOCIATION BOSTON MASS IBALANCE SHEET Amount of net or ledger assets December 31st of previous year 77847 99 IIINCOME MURING YEAR 1897 Gross amount paid by members to the asso ciation or its agents without deductions for commissions or other expenses as follows 1 Membership fees 13945 75 2 Annual dues 252 00 3 Assessment mortuary and disability 9056691 expense 11667321 207240 12 Total paid by members 221437 87 5 Interest 2200 21 7 Cash received from allother sources viz Re insurance 8556 92 Total income 232195 00 Total 310042 99 IIIDISBURSEMENTS DURING YEAR 1897 1 Losses and claims detailed schedule filed 98378 29 2 Annual payments and assessments returned to members including other payments returned 1806 96 Total paid to members 100185 22346 COMPTROLLERGENERALS REPORT 3 Commissions and fees retained by or paid to agents including collection expense 63240 12 4 Commissions and fees paid to officers and direc tors for attendance at monthly meetings 1125 00 5 Salaries and traveling expenses of managers of agencies and general special and local agents 9346 73 6 Medical examiners fees whether paid direct by members or otherwise 5402 83 7 Salaries and other compensation of officers and office employees 23689 08 8 Rent 294996 taxes and fees 117157 4121 53 10 Advertising 286953 blanks and printing 278398 5653 51 11 All other items viz Furniture 56 adjust ment expenses 454366 postage 206074 general expenses 266737 reinsurance 617347 legal expenses 166838 7841 84 Total expenses footings of items 3 to 11 12974841 Total disbursements 229933 63 Balance 80109 36 IVINVESTED ASSETS 2 Loans on bond and mortgage first liens on real estate 4500 00 5 Cost value of bonds and stocks owned absolutely 34933 10 6 Cash in office 580 60 7 Cash deposited in banks Nat Bank of Com merce 448704 Howard Nat Bank 26 95253 United States Trust Co 511425 New England Trust Co 70785 37261 67 8 Agents ledger balances 2833 99 Total net or ledger assets as per balance above Total net or ledger assets less depreciation 80109 36 80109 36 12 15 16 18 23 24 VCONTINGENT ASSETS Interest due and accrued Furniture fixtures and suppliesvalued at Market value of bonds and stocks over cost Due from members forclaims not yet assessed net 3650 00 Mortuary and disability assessments not yet due 7886 25 Net amount due from members All other assets viz Due on account of reinsurance 334 01 5000 00 826 90 44466 25 500 00 Total assets 131236 52 VILIABILITIES Losses in process of adjustment Losses reported for which assessments have not been made J number of claims 101 estimatedJ Losses resisted by the company number of claims 6 16080 00 20500 00COMPTROLLERGENERALS REPORT 34 5 National State or other taxes due 6 For salaries rents and office expenses j estimated 1250 00 8 To officers or others for advances on account of expenses of organization 500 00 9 Amount of all other liability 175 75 Total liabilities 38505 75 VIIEXHIBIT OP CERTIFICATES OR POLICIES Total Business of 1897 Number Amount Policies or certificates in force December 31 1896 11611 70672125 00 Policies or certificates written during the year 1897 including reinsurance 7528 48585150 00 Total 19139 119257275 00 Deduct number and amount which have ceased to be in force during 1897 5209 32362750 00 Total policies or certificates in force Decem ber 31 1897 13990 86894525 00 Losses and claims on policies or certificates unpaid December 31 1896 7 21150 00 Losses and claims on policies or certificates incurred during the year 1897 1442 113808 29 Total 1449 134958 29 Losses and claims on policies or certificates paid dur ing 1897 1342 98378 29 Business in Georgia during 1897 Number Amount Policies or certificates in force December 311896 Policies or certificates written during the year 1897 Total Deduct number and amount which have ceased to be in force during 1897 282 201 1883100 00 1219500 00 483 3102600 00 238 1536850 00 245 1565750 00 45 2422 11 45 2422 11 Total policies in force December 311897 Losses and claims on policies or certificates incurred during the year 1897 Losses and claims on policies or certificates paid dur ing the year 1897 Business in Georgia for Year Ending April 30 1898 Risks 1265250 00 Premiums 4833 18 Losses 8671 77 Tax 48 33348 COMPTROLLERGENERALS REPORT THE NORTHWESTERN LIFE ASSURANCE COMPANY OF ILLINOIS ILIABILITIES Amount of net ledger assets December 31st of previous year 1041879 04 1040468 84 Deduct 141020 agents credit balances of year 1896 accounts of gross debit balance in cluded in above IIINCOME DURING YEAR As Shown by the Books at Home Office at Close of Business December 31 2 First years assessments or premiums Expense 4957545 mortuary 95 50955 reserve 3329904 178384 04 3 Subsequent years assessments or pre miums Expense 35870321 mortuary 155665289 reserve 25097141 for other purposes 156878 recovered on indemnifying bond on loss paid in a previous year 2167896 29 4 Delinquent charges 3132 43 Total paid by members 2349412 76 5 Interest from mortgages 2157500 bonds 1714421 other sources 279370 41512 91 Total income during the year 2390925 67 Sum of both amounts 3431394 51 IIIDISBURSEMENTS DURING YEAR As Shown by the Books at Home Office at Close of Business December 31 1 Death claims or installments paid 1767353 00 2 Disability sick or accident benefits 4 25000 4250 00 Total paid to members items 1 to 4 1771603 54 5 Commissions and fees retained by or al lowed to agents on account of first years fees dues assessments or pre miums 11528852 subsequent years 1073782 126026 34 6 Commissions paid or allowed for collecting assessments or premiums to banks or collectors 13 7 Salaries and allowances of managers and agents not paid by commissions 48 8 Salaries of officers 4766320 other com pensation of officers 200000 board of trustees 49 9 Salaries and other compensation of office employees 82 10 Medical examiners fees whether paid di rect by members or otherwise 11 638 20 788 34 663 20 631 49 886 00 COMPTROLLERGENERALS REPORT 349 11 Taxes on premiums 401918 insurance department fees and licenses 215624 municipal licenses 25498 tax on fran chise 3097 personal property tax 835 6469 72 13 Rents including for associations use of own buildings less subleases 19039 52 14 Furniture 45157 legal expenses 5 83195 advertising stationery and print ing 1130145 17584 97 16 AH other items viz Bonds redeemed 104283 incidental and miscellaneous expense account 886390 legislative committee 90604 postage 840619 refitting office 38379 traveling ex penses 1546603 Mutual Life Under writers executive committee 97309 suspense 18435 surrendered policies 1819112 advance assessments 2 91771 57335 05 Total expenses footings of items 5 to 16 43306283 Total disbursements 2204666 37 Balance 1226728 14 IVLEDGER ASSETS As Per Ledger Accounts Shown by the Books at Home Office at Close of Busi ness December SI 2 Loans on mortgages of real estate first liens 60880000 608800 00 4 Book value of bonds excluding interest 36150486 361504 86 5 Cash in office 147521 deposited in banks 15698152 158456 73 Globe National Bank 3159631 Merchants National Bank 6841076 Metropoli tan National Bank 5697445 6 Agents debit balances 9254023 bills receivable 850553 101045 76 Total 1229807 35 DEDUCT LEDGEB LIABILITIES 8 Agents and other credit balances 3 07921 3079 21 Total net ledger assets as per balance on page 1 1226728 14 VNONLEDII E R ASS kts 10 Interest due 81600 ac crued 8575 9391 73 11 Interest due accrued 171665 1716 65 11108 38350 COMPTROLLERGENERALS REPORT 14 Market value of bonds not including interest and stocks over book value 15 Mortuary assessments due on last call made within sixty days on insurance in force 16 Mortuary assessments to become due on post mortem claims not ex ceeding one assessment nor the amount of post mortem claims not as sessed for per item 4 of liabilities 18 Total nonledger assets 4693 89 4693 89 30000 00 175500 00 205500 00 221302 27 Gross assets 1448030 41 DEDUCT ASSETS NOT ADMITTED 2 Agents debit balances not secured by bonds 7445815 bills receivable not secured 850553 Total 82963 68 82963 68 Total admitted assets 1365066 73 VINONLEDGEB LIABILITIES 1 Losses on stipulated prem pols due and unpaid 100000 adjusted not due 12 10000 13100 00 2 Losses on stipulated prem pols not ad justed 6350000 resisted 1950000 83000 00 3 Losses on post mortem pols due and un paid 291666 adjusted not due 195 20000 198116 66 4 Losses on post mortem pols not adjusted 16550000 resisted 1000000 175500 00 5 Present value future payments on install ment policy claims face 500000 dis counted at 3 per cent 4393 05 9 Premiums or assessments paid before due 13909 90 10 Advance insurance or reserve fund on limited payment policies which is largely in excess over associations whole life rates of all premiums received on any form of advance limited pay ment or deposit policies and 4 per cent accumulated interest thereon 113905 86 11 All other liabilities viz Suspense 78 90 12 Total liabilities Balance to protect contracts 602004 37 763062 36COMPTROLLERGENERALS REPORT 351 Comprised under the following funds 13 Mortuary fund less amount thereof in cluded in liabilities and in assets not admitted 41792 10 j 14 Reserve fund less amount thereof in cluded in liabilities and in assets not admitted 33589 75 16 Guarantee fund less amount thereof in cluded in liabilities and in assets not mSk admitted 424235 65 17 General or expense fund less amount thereof included in liabilities and in assets not admitted 263444 86 Total special funds 763062 36 Policies or certificates in force VIIEXHIBIT OF CERTIFICATES OR POLICIES Total business of the year Business in Georgia during the year No Amount No Amount December 31 beginning of year 40104 115272000 00 428 974500 00 Policies or certificates written or increased during the calendar year 4342 11968900 00 467 861400 00 Total 44446 127240900 00 895 1835900 00 Deduct decreased or ceased to be in force during year 9729 28765500 00 232 511000 00 Total policies or certifi cates in force last De cember 31 end of year 34717 98475400 00 663 1324900 00 Losses and claims unpaid December 31 beginning of vear 164 474700 00 4 7000 00 Losses and claims incurred during the calendar year 522 1783500 00 2 6000 00 TotaI 686 2258200 00 6 13000 00 Losses and claims paid scaled down and compromised during the year 557 1783483 34 6 13000 00 Losses and claims outstand ing unpaid last Decem ber 31 end of year 129 474716 66 Premiums and assessments collected during year 25 455 63 Delinquent charges 20 41 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks 1006500 00 Premiums 29302 47 bosses 19000 00 Tax 293 02 23c352 COMPTROLLERGENERALS REPORT THE SECURITY MUTUAL LIFE ASSOCIATION BINGHAMTON N Y IBALANCE SHEET Amount of net or ledger assets December 31st of previous year 437102 24 IIINCOME DURING YEAR As Shown by the Boohs at Home Office at Close of Business December SI Gross amount paid by members to the association or its agents without deductions for commissions or other expenses as follows 2 First years assessments or premiums Ex pense 180850 92 3 Subsequent years assessments or pre miums Expense 8075503 mortuary 17982524 reserve 6825258 328832 85 Total paid by members 509683 77 5 Interest from mortgages 1326565 bonds and stocks 167910 other sources 73695 15681 70 6 Rents 1144 50 8 From all other sources viz Exchange 202 14 Total income during the year 526712 11 Sum of both amounts 963814 35 IIIDISBURSEMENTS DURING YEAR As Shown by the Books at Home Office at Close of Business December SI 1 Death claims or installments paid 172747 08 2 Disability sick or accident benefits 312 50 3 Advanced payments returned to applicants 94 38 4 Paid members for dividends 552812 for surrender values 21803 5746 15 Total paid to members items 1 to 4 178900 11 5 Commissions and fees retained by or paid or allowed to agents on account of first years fees dues assessments or pre miums 17471738 subsequent years 1102524 185742 62 6 Commissions paid or allowed for collecting assessments or premiums to banks or collectors 12621 19 7 Salaries and allowances of managers and agents not paid by commissions 3530 98 8 Salaries of officers 7990 43 9 Salaries and other compensation of office employees 14666 41 10 Medical examiners fees whether paid direct by members or otherwise 15135 50 11 Taxes on premiums 143986 insurance department fees and licenses 110090 tax on franchise 83097 3371 73COMPTROLLERGENERALS REPORT 353 12 13 14 16 Taxes on real estate and investments 17184 expenses and repairs on real estate 20734 Rent less subleases Furniture 38104 legal expenses 357220 advertising and printing 567966 All other items viz Traveling 340087 general office expense 673814 postage 215317 expense investigating risks 396898 accrued interest 74766 Total expenses footings of items 5 to 16 27517823 379 18 5098 97 9632 90 17008 82 Total disbursements Balance IVLEDGER ASSETS As per Ledger Accounts Shown by the Books at Home Office at Close of Business December 31 1 Book value of real estate unincumbered 9966 45 2 Loans on mortgages of real estate first liens 241100 00 3 Loans secured by pledge of bonds stocks or other collateral 1500 00 4 Book value of bonds excluding interest 111000 00 5 Cash in office 1004230 deposited in bank 8640941 Mercantile National of New York City 1743059 Strong State Bank 992642 Ohenango Valley 300000 Susquehanna Valley 5605240 96451 71 Total 530314 92 Deduct Ledger Liabilities 8 Agents credit balances 20578 91 9 Total net ledger assets as per balancea bove VNONLEDGER ASSETS 10 Interest due 71000 accrued 296059 on mortgages 11 Interest accrued on other assets 15 Mortuary assessments due on last call made within sixty days on insurance in force 3670 59 780 42 71182 00 18 Total nonledger assets Gross assets Deduct Assets Not Admitted 2 Agents debit balance not secured by bonds 14596 09 6 Total Total admitted assets 454078 34 509736 01 509736 01 75633 01 585369 02 14596 09 570772 93354 COMPTROLLERGENERALS REPORT VNONLEDGER LIABILITIES 2 Losses on stipulated premium policies not adjusted 2750000 resisted 200000 29500 00 5 Present value future payments on install ment policy claims face 4208560 dis counted at 4 per cent 37355 29 7 Salaries rents expenses bills accounts bonuses commissions fees etc due or accrued 9632 12 12 Total liabilities 76487 41 Balance to protect contracts 424285 52 Comprised under the following funds 13 Mortuary fund less amount thereof in cluded in liabilities and in assets not admitted 120701 42 14 Reserve fund less amount thereof included in liabilities and in assets not admitted 394884 84 17 General or expense fund less amount thereof included in liabilities and in assets not admitted 48699 26 Total special funds 494285 52 VIIEXHIBIT OP CERTIFICATES OK POLICIES Total Business of the Year Business in State of Georgia During Year Number Amount Number Amount Policies or certificates in force De cember 31 beginning of year 10051 22619563 50 163 361500 00 Policies or certificates written or increased during the calendar year 4321 8411672 15 45 97500 00 Total 14372 31031235 65 208 449000 00 Deduct decreased or ceased to be in force during year 3339 7706597 65 104 204500 00 Total policies or certificates in force last December 31 end of year 11033 28324638 00 104 244500 00 Losses and claims unpaid Decem ber 31 beginning of year 8 64666 66 Losses and claims incurred during the calendar year 86 210397 65 Total 94 275064 31 Losses and claims paid scaled down and compromised during the year 84 173059 58 Losses and claims outstanding un paid last December 31 end of year 9 66855 29 Premiums and assessments col lected during year 509683 77 5269 11COMPTROLLERGENERALS REPORT 365 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks 77500 00 Premiums 5040 25 Losses 2000 00 Tax 50 40 STATE LIFE INSURANCE COMPANY INDIANAPOLIS IND ICAPITAL STOCK Amount of net or ledger assets December 31 of previous year Extended at 91098 58 91098 58 IIINCOME DURING THE YEAR I Cash received for premiums on new policies without deductions for commis sions or other expenses 64355 87 lCash received for renewal premiums without deduc tions for commissions or other expenses 76877 49 3 From dividends applied to pay running premiums 20589 20 Total 161822 56 7 Total premium income 161822 56 8 Cash received for interest on mortgage loans 707 50 10 Cash received for interest on premium notes loans or liens 1080 11 II Cash received for interest on other debts due the company and on deposits in Trust Company 306 45 Total income IIIDISBURSEMENTS DURING YEAR 1897 1 Cash paid for death claims including revisionary ad ditions 20000 00 Total net amount actually paid for losses and matured endowments 20000 00 11 Cash dividends applied to pay running pre miums 20589 20 Total paid policyholders 4058920 17 Cash paid for commissions and bonuses to agents less cotnmmission on reinsur ances 64622 72 18 Cash paid for salaries and allowances to managers and agents 2230 85 163916 62356 COMPTROLLERGENERALS REPORT 19 Cash paid for medical examiners fees 578050 inspection of risks 5870 50 20 Cash paid for salaries and all other com pensation of officers and other home office employees 21837 43 22 Cash paid for taxes on reserves on investments 434 28 23 Cash paid for insurance department fees and agents licenses 70370 municipal licenses 8250 786 20 24 Cash paid for rent including companys occupancy less received under sublease 1750 50 26 Cash paid for furniture fixtures and safes for home and agency offices 755 55 27 Cash paid for advertising 104688 print ing 157313 2620 01 28 Cash paid for real estate expenses other than taxes 776 for legal expenses 121694 1224 70 29 Cash paid for the following items viz stationery 34652 directors salaries 65000 traveling expenses 226622 miscellaneous expenses 194678 5209 52 Total miscellaneous expenses 10734222 Total disbursements 147931 42 Balance 107083 7 s Invested in the following IVLEDGER ASSETS 2 Loans on mortgage first liens on real estate 7 Cash in companys office 8 Cash deposited in banks and Marion Trust Company 9 Bills receivable 10 Agents ledger balances of which 113149 was advanced during the year Cash deposited with the State of Missouri Certificates of deposit Marion Trust Co Total net or ledger assets as per bal ance above Total net or ledger assets less depreciation 65300 00 1536 82 24746 82 5119 39 1131 49 1000 00 8250 00 107083 78 OTHER ASSETS 14 Interest due and accrued 79745 on mortgages Total carried out 797 45 797 45COMPTROLLERGENERALS REPORT 357 23 Gross premiums due and un reported on policies in force December 31 1897 24 Gross deferred premiums on policies in force December 31 1897 Totals 25 Deducting loading GO per cent on new and 3 per cent on renewals 26 Net amount of uncollected and deferred premiums New Business 68418 50 163 75 68582 25 41149 35 27432 90 Renewals 14276 08 8074 68 22350 76 670 52 21680 24 Deduct unapplied cash 236 55 Extended 46745 59 Renewal premium notes secured by lien on policies in force 2515 40 Total assets as per the books of the company 157142 22 ITEMS NOT ADMITTED 5 Agents balances 7 Bills receivable Total Total assets less itetois not admitted 1131 49 5119 39 6250 88 150891 34 V NONLBDGEK LIABILITIES Net present value of all the outstanding policies in force on 31st day of December 1897 computed according to the Actu aries Table of Mortality with four per cent interest and American Exp 4 87533 14 Net reinsurance reserve Current accounts medical examinations printing etc not due 17 18 19 Liabilities on policyholders account Gross surplus on policyholders account Total liabilities Business in Georgia During 1897 No Number and amount of policies on the lives of citizens of Georgia in force December 31 of previous year 38 Number and amount of policies on the lives of citizens of Georgia issued during the year 227 87533 It 742 82 88275 96 62615 38 150891 34 Amount 190000 00 1115000 00 Total 265 1305000 00358 COMPTROLLERGENERALS REPORT Deduct number and amount which have ceased to be in force during the year 47 235000 00 Total number and amount of policies in force in Georgia December 31 1897 218 1070000 00 What amount of premiums Was collected or secured in Georgia during thf year in cash and notes or credits without any deductions for losses dividends commissions or other expenses Answer Cash 750606 notes or credits 1351970 total 2102576 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks 955500 00 Premiums 23589 19 Tax 235 89 TRADERS AND TRAVELERS ACCIDENT COMPANY NEW YORK N Y IBALANCE SHEET Amount of net or ledger assets December 31 of previous year 1593988 office furniture 250733 agentsledger balance 56043 total 306276 which should have been deducted from total net assets of 1896 IIINCOME DURING YEAR 1897 Gross amount paid by members to the asso ciation or its agents without deductions for commissions or other expenses as follows 1 Membership fees 2 Annual dues 3 Assessments Total paid by members 5 Interest 7 Cash received from all other sources viz Hotel handbooks 4598 50 218 00 36463 09 41279 59 296 82 2 00 Total income Total IIIDISBURSEMENTS DURING YEAR 1897 1 Losses and claims 14799 69 Total paid to members 5 Salaries and traveling expenses of managers of agencies and general special and local agents 6 Medical examiners fees whether paid direct by members or otherwise 7 Salaries and other compensation of officers and other office employees 8 Rent 171000 taxes 1368 commuted commissions 12945 72 591 00 362 19 7964 28 1723 68 12877 12 41578 41 54455 53COMPTROLLERGENERALS REPORT 359 10 Advertising 24895 blanks and printing 91185 1160 80 11 All other items viz Insurance department fees and licenses 9900 books and sta tionery 25286 surety bonds 5000 postage and exchange 115006 office furniture 3025 canceled policies 11315 miscellaneous expenses 79192 legal expenses 168751 total 4175 28 Total expenses footings of items 3 to 11 2892295 Total disbursements Balance 43722 64 10732 89 IVINVESTED ASSETS 6 Cash in office 7 Cash deposited in banks on reserved fund account Washington Trust Company guarantee fund Washington Trust Company advance deposit Central National Bank 787 55 8000 00 1220 28 725 06 Total Total net or ledger assets less depreciation VCONTINGENT ASSETS 16 Due from members for claims not yet assessed 11500 00 23 Net amount due from members Total assets VILIABILITIES 3 Losses reported for which assessments have not been made number of claims 22 probable liability 4 Losses resisted by the company number of claims 4 9 Amount of all other liability viz Members advance de posit Total Total liabilities 10732 89 10732 89 11500 00 22232 89 1000 00 10500 00 1220 28 12720 28 9512 61 VIIEXHIBIT OF CERTIFICATES OR POLICIESNUMBER AND AMOUNT Total Business of 1897 No Amount Policies or certificates in force December 31 1896 2471 13519000 00 Policies or certificates written during the year 1897 2505 10504000 00 Total 4976 24023000 00 Deduct number and amount which have ceased to be in force during 1897 1739 8455000 00 Total policies or certificates in force December 311897 3235 15568000 00360 COMPTROLLERGENERALS REPORT Losses and claims on policies or certificates unpaid De cember 31 1896 3 Losses and claims on policies or certificates incurred during the year 1897 251 Total 257 Losses and claims on policies or certificates paid during the year 1897 236 1400 00 20099 69 21499 69 14799 69 Business in Georgia during 1897 No Amount Policies or certificates in force December 31 1896 118 605000 00 Policies or certificates written during the year 1897 267 1386000 00 Total 385 1991000 0O Deduct number and amount which have ceased to be in force during 1897 183 929000 00 Total policies in force December 31 1897 202 1062000 00 Losses and claims on policies or certificates incurred during the year 1897 31 1185 99 Losses and claims on policies or certificates paid during the year 1897 31 ijl85 99 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 isks 1410000 00 Premiums 2629 00 ses 1238 89 iax 26 2 WESTERN MUTUAL LIFE ASSOCIATION CHICAGO ILL IBALANCE SHEET Amount of net or ledger assets Dec 31st of previous year IIINCOME DURING YEAR 1897 Gross amount paid by members to the as sociation or its agents without deduc tions for commissions or other expenses as follows 1 Membership fees 187145 81 2 Annual dues 12526 88 3 Assessments 72833 26 Total paid by members 5 Interest 272505 95 511 47 38508 53 Total income Total IIIDISBURSEMENTS DURING YEAR 1897 1 Losses and claims 16875 00 2 Annual payments and assessments re turned to members rejected 751813 surrender values 146495 8983 08 273017 42 311526 00 Total paid to members 25858 08COMPTROLLERGENERALS REPORT 361 3 Cotamissions and fees retained by or paid to agents 7487126 subsequent years 288065 77751 91 4 Commissions and fees retained by or paid to officers and directors 1018 15 5 Salaries and traveling expenses of man agers of agencies and general special and local agents 55592 89 6 Medical examiners fees whether paid di rect by members or otherwise 9315 00 7 Salaries and other compensation of officers and other office employees 27394 59 8 Rent 287544 license 86715 com muted commissions 3742 59 10 Advertising blanks and printing 437683 legal expenses 198238 6359 21 11 All other items viz Furniture 127948 library 6275 postage 285349 tele phone and telegraph 95859 miscellan eous expense 165322 incidental ex pense 67937 7486 90 Total expenses footings of items 3 to 11 18866124 Total disbursements Balance 214519 32 97006 68 IVINVESTED ASSETS 1 Interest bearing loans being liens on poli cies and secured by advance deposits un der policies the deposits being reported as a liability 3 Bills receivable being liens on policies se cured by advance deposits under poli cies the deposits being reported as a liability 5 Cost value of bonds and stocks owned ab solutely 6 Cash in office 7 Cash deposited in banks Hibernian Bank ing Association 3852659 Chicago Title Trust Co 500000 Milwaukee Avenue State Bank 1049720 American Trust and Savings Bank 500000 all of Chi cago 111 8 Agents debit balances 624024 bills re ceivable not paid 1895994 since paid 338481 2234475 9 All other ledger assets viz Interest bear ing loans secured by liens on policies but not reported as a liability 404628 open accounts 1479 10 Total net or ledger assets 4799 79 4058 72 1000 00 2374 63 59023 79 28584 99 4061 07 103902 99362 COMPTROLLERGENERALS REPORT 11 Less agents credit balances 287318 all other 120833 applicants advance pay ments policies in process of being writ ten 281480 6896 31 Total net or ledger assets less depre ciation 97006 68 VCONTINUED ASSETS 12 Interest accrued on other assets 1131 20 17 Mortuary assesselments due and unpaid on memberships in force 832 45 18 Furniture and fixtures 223640 supplies printed matter stationery 102216 3258 56 5222 21 Total assets 102228 89 VILIABILITIES 2 Losses in process of adjustment or adjusted and not due 2000 00 6 For salaries rents and office expenses 10 053 39 Total liabilities 12 053 39 VIIEXHIBIT OF CERTIFICATES OR POLICIES Total Business 1897 No Amount Policies or certificates in force December 31 1897 1549 3124031 50 Policies or certificates written during the year 1897 2120 6959408 00 Total 3669 10083439 50 Deduct number and amount which have ceased to be in force during 1897 802 1976277 50 Total policies or certificates in force Decem ber 31 1897 2867 8107162 00 Losses and claims on policies or certificates unpaid De cember 31 1897 2 3000 00 Losses and claims on policies or certificates incurred during the year 1897 5 17000 00 Total 7 20000 00 Losses and claims on policies or certificates paid dur ing the year 1897 6 18000 00COMPTROLLERGENERALS REPORT 363 THE JETNA LIFE INSURANCE COMPANY HARTFORD CONN ICAPITAL STOCK 1 Amount of capital stock author ized 200000000 subscribed for 1750000 00 2 Amount of capital paid up in cash 1750000 00 Amount of net ledger assets December 31st of previous year43481046 66 Extended at 43481046 66 IIINCOME DURING YEAR As Shown by Books at Home Office December 31 Accident 2 Gross premiums written and re newed during year 604929 63 Total 604928 63 4 Entire premiums collected dur ing the year 604928 63 5 Deduct reinsurance and return premiums 13953 45 6 Net cash actually received for premiums carried out 590975 18 590975 Iff 8 Interest on loans on mortgages of real es tate 13328 43 11 Interest upon other debts due the company and on deposits in bank 144 91 Total Less accrued interest paid on certain loans Net total interest 13473 34 195 43 13277 91 m ii a u Accident department 604253 09 Total income during the year j Life p 7893298 80 Sum 51978598 55 IIIDISBURSEMENTS DURING YEAR As Shown by Books at Home Office December 31 Accident 1 Gross amount paid for claims except week ly indemnity and specific indemnity 119524 01 2 Gross amount paid for weekly or other spe cific indemnity 151221 67 Total 3 Deduct reinsurances salvages and recov eries on losses previously paid Net paid policyholders 5 Commissions or brokerage to agents less received on reinsurance 270745 68 7855 35 262890 33 262890 33 186941 65864 COMPTROLLERGENERALS REPORT 6 Salaries traveling and all expenses of agents and agencies not on commission account 14972 13 7 Medical examiners fees and salaries 2 95789 inspections 2957 89 8 Salaries and all other compensation of offi cers and home office employees 1571535 15715 35 9 Taxes on premiums 649573 insurance department fees and agents licenses 66960 municipal licenses 59553 7760 86 10 Rent 6144 86 11 Legal expenses 721 19 12 Furniture and fixtures 89553 advertising 25645 printing and stationery 686280 8014 78 14 All other items viz Postage and exchange 641732 express 122503 expense 73368 loss expense 449606 profit and loss 36176 agents balances 13233 85 Total miscellaneous expenses 256462 56 Total disbursements j iA0nt Ptment 519352 89 Life department 6110756 05 Total 6630108 94 Balance 45348489 61 IVLEDGER ASSETS As per Ledger Accounts Shown by the Books at Home Office at Close of Business December 31 1 Book value of real estate unincumbered 511681 00 2 Mortgage loans on real estate first liens 24542856 65 3 Loans secured by pledge of bonds stocks or other collaterals 441090 70 4 Book value of bonds excluding interest 1118210140 and stocks 189261649 13074717 89 5 Cash in companys office 52585659 de posited in banks 432348356 4849340 15 Loans to policyholders on this companys policies assigned as collateral 1289865 00 Premium notes on policies in force 596167 70 6 Bills receivable 1809259 agents debit balances 3573209 53824 68 Total 45359543 77 DEDUCT LEDGER LIABILITIES 8 Agentscredit balances 105099 borrowed money all other 1000317 11054 16 Total net ledger assets 45348489 61 NONLEDGER ASSETS 10 Interest due 11457459 and accrued 485 40630 on mortgages 599980 89 11 Interest due 1711845 and accrued 97 54559 on bonds and stocks 114664 04COMPTROLLERGENERALS REPORT 365 12 Interest due and accrued 172822 on collateral loans 1728 22 13 Interest due 2862391 and accrued on other assets 28623 91 14 Rents due 279324 and accrued 3125 on companys property or lease 2824 49 15 Interestdueonpremiumnotesloansorliens 229358 16 Total outstanding interest 17 Market value of bonds and stocks over book value not in cluding interest in item 11 18 Gross premiums in course of collection to wit Net amount of uncollected and deferredpremiums Gross assets DEDUCT ASSETS NOT ADMITTED 3 Agents debit balances unsecured 11 84642 bills receivable unsecured 22500 12071 42 4 Commissions payable to agents on premium notes when due 414 35 977179 71 878098 88 393684 68 47597452 88 Total Total admitted assets VNONLEDGER LIABILITIES In process of adjustment Resisted by company on its own account not outlawed 12485 77 47584967 11 Accident 26172 35 36965 00 Aggregate of unpaid claims and expenses 4 Gross premiums upon all unexpired risks running one year or less from date of policy Accident premiums 378693 37 unearned portion 50 per cent 189346 68 Total one year or less 5 Gross premiums upon all unexpired risks running more than one year from date of policy Accident premiums 543277 unearned premium by special tables 10153 00 Total more than one year 63137 36 189346 68 10153 00 199499 68 Total Deduct reserve on risks reinsured in other solvent companies 1960 04 6 Total unearned premiums as computed above carried out 11 All other liabilities viz Total liability life department Total amount of all liabilities 12 Jointstock capital actually paid up in cash 1750000 00 13 Surplus beyond capital and other liabilities 5137873 70 Total 197539 64 40436416 41 40697093 41 6887873 70 47584967 11366 COMPTROLLERGENERALS REPORT BUSINESS IN THE STATE OP GEORGIA DURING THE YEAR Accident Risks written 5439500 00 Premiums received 13791 35 Losses paid llgg 66 Losses incurred 13138 66 Amount at riskEnd of year 1828000 00 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Rsks 5187000 00 Premiums 13122 42 Losses 799 02 Tax 131 22 THE AMERICAN SURETY COMPANY OF NEW YORK N Y ICAPITAL STOCK 1 Amount of capital stock paid up in cash 2500000 00 2 Amount of capital subscribed but unpaid 2500000 00 Amount of net or ledger assets December 31st of previous year 4983017 05 Increase of indebtedness during 1897 155281 29 Extended at 5138298 34 1 Gross premiums unpaid De cember 31 last year 2 Gross premiums on risks written and renewed dur ing the year IIINCOME DURING YEAR Fidelity 38338 05 Total S Deduct gross premiums in course of collection at this date 4 Entire premiums collected during the year 5 Deduct reinsurance abate ment rebate and return premiums 6 Net cash actually received for premiums carried out 7 Interest on loans on mortgages 8 Interest on collateral loans 9 Interest and dividends on stocks and bonds 10 Interest upon other debts due the com pany 11 Rents 42413 39 694691 35 86900 87 607790 48 Surety 108240 77 698766 69 704786 80 737104 74 813027 57 111494 65 701532 92 178338 28 253194 641130985 12 750 00 6234 56 37576 00 1214 57 243930 02 Total interest 289 705 IECOMPTROLLERGENERALS REPORT 12 Profit on securities actually sold during the year over cost 4350 00 13 Cash recovered from losses paid in pre vious years 6234 56 16 Income from all sources viz 367 68607 07 17 Total income actually received during the year in cash 1489297 34 Aggregate last balance and income 6627595 68 IIDISBURSEMENTS DURING THE YEAR Fideliiy 8urety 1 Gross amount paid for ma tured claims other than weekly indemnity Total 3 Deduct salvages and rein surances 254085 70 254085 70 612225 579851 92 579851 92 344689 09 247963 45 4 To stockholders for interest or dividends 8 per cent 5 For commission to agents 6 For salaries traveling and all expenses of agents and agencies not on commission account 7 For medical examiners fees and salaries for inspections 3747624 8 For salaries and all other compensation of officers 6150000 and home office employees 13821113 9 For taxes on premiums 1149848 taxes on property 7305079 insurance de partment fees 6179038 Agents licenses 48107 municipal li censes 214389 10 For rent less received under sub lease 11 For legal expenses 597759 real estate expenses 7367289 12 For furniture and fixtures 169699 inter est 622203 13 For advertising 427461 and general print and stationery 1155400 14 Losses on securities actually sold under cost 35 All other expenses 235162 83 483126 28 200000 00 51626 57 164268 78 37476 24 199711 13 86339 65 2624 96 77510 00 79650 48 7919 02 15828 61 7928 12 39210 96 16 Total miscellaneous expenses 970094 52 Total disbursements 1453 220 80 Balance 5174374 24cg68 COMPTROLLERGENERALS REPORT IIIASSETS As Per Ledger Accounts 1 Cost value of real estate unincumbered 348105006 incumbered f2569798 3506748 04 2 Loans on mortgage first liens on real 15000 00 3 Loans secured by pledge of bonds stocks or other marketable collaterals 110953 06 4 Cost value of bonds and stocks owned 1493311 59 1270 68 47091 51 11 Total net or ledger assets as per balance 5174374 88 OTHEB ASSETS 12 Interest due and accrued 18750 187 50 13 Interest due 1418300 and accrued 14183 00 14 Interest due 36000 and accrued 43424 794 24 15 Interest due 6802109 and accrued 68021 09 16 Rents due 1554915 and accrued 7 76667 on companys property or lease 23315 82 106501 65 19 Market value of real estate over cost 94861 50 20 Gross premiums in course of collection to wit 9 4 Fidelity premiums 42 413 39 42413 39 111494 65 29 Net amount of outstanding premiums 30 Total assets as per the books of the com 153908 04 pany 5529646 07 IVLIABILITIES Fidelity in process of adjustment 13007744 resisted by company on its own account 16560786 4 Gross premiums upon all unexpired risks 295685 30 running one year or less from date of policy Fidelity premiums 54327000 Surety 56350600 unearned portion 50 per cent 27163500 28175300 total 553388 00 5 Gross premiums upon all unexpired risks running more than one year from date of policy Surety premium 9374500 unearned premium pro rata 7109601 71096 01 6 Total unearned premiums as computed 624484 01 COMPTROLLERGENERALS REPORT 369 10 Due and to become due for borrowed money 27500000 interest thereon all paid 275000 00 All other indebtedness 5265057 52650 57 Total amount of all liabilities except capital stock 1247819 88 11 Joint stock capital actually paid up in cash 2500000 00 12 Surplus beyond capital and other liabilities 1781826 19 13 Aggregate amount of all liabilities including paid up capital stock and net surplus 5529646 07 BUSINESS IN THE STATE OF GEORGIA DURING THE YEAR Risks Premiums L sses Liscos Wriiten Rec ivpd Paid Innnrred Fidelity 2330900 00 7923 61 1647 31 4183 42 Surety 562875 00 3173 71 5599 34 5599 34 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks 2967300 00 Premiums 11430 38 Losses 2812 02 Tax 114 30 AMERICAN BONDING AND TRUST COMPANY OF BALTIMORE MD ICAPITAL 1 Whole amount of capital stock 1000000 00 2 Amount paid up in cash 500000 00 IIASSETS 1 Book value of real estate owned by the company less the amount of ineumbranees thereon 9 Total par and market value of stocks and bonds owned abso lutely by the company carried out at market value 565636 48 575047 00 12 Cash in companys principal office 13 Cash belonging to the company deposited in the American National Bank 8196 79 Farmers and Merchants Bank 4063 33 15 16 18 Total cash items Interest due and accrued on stocks not included in ket value uncollected Market value of stocks over cost value Interest due and accrued on other assets Net premiums in course of collection Bills receivable not matured Furniture and fixtures All other assets 290932 charged to profit and loss 47559 78 565636 48 1459 43 13719 55 2720 83 9410 52 1318 59 24755 15 2164 44 6000 00 Total assets of the company actual cash market value 673285 34370 COMPTROLLERGENERALS REPORT 10 11 19 20 24 IIILIABILITIES Gross premiums without any deduction received and receivable on all unexpired fidelity risks 146240 60 Total unearned premiums as computed above carried out 50 per cent All other demands against the company absolute and contingent due and to become due admitted and con tested viz Collateral deposits Return premiums 3004 prepaid premiums 2836 Total amount of all liabilities except capital stock scrip and net surplus 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities Aggregate amount of all liabilities including capital paid up and net surplus lyINCOME DURING THE YEAR On Fidelity Risks Entire premiums collected during the year 147312 43 8 Deduct reinsurance and return premiums 6338 55 9 Net cash actually received for premiums carried out 11 Received interest and dividends on stocks and bonds Interest on other debts due company Profit on sales over book value 2851 42 Trust income commissions etc 9400 65 Collateral deposits 887911 13 Received for calls on capital Aggregate amount of income actually received dur ing the year in cash VEXPENDITURES DURING THE YEAR On Fidelity Bisks 73120 30 16266 60 58 40 89445 30 500000 00 83840 04 673285 34 7 140973 88 18420 00 1448 11 21131 18 181973 17 15 181973 17 1 Gross amount paid for losses 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year and all amounts actu ally received for reinsurance in other companies 80122 50 3765 30 3 7 Net amount paid during the year for losses Paid for commission or brokerage Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States and insurance department fees 9 All other payments and expenditures viz Legal ex penses 409750 advertising 223905 stationery 233691 general expense 219230 postage 215156 detection and arrest 113894 Rent of office Aggregate amount of actual expenditures during the year in cash 26357 20 17571 78 46985 45 10685 15 14156 26 6999 96 122755 80COMPTROLLERGENERALS REPORT 371 Business in the State of Georgia during the year Fidelity risks written 260033 33 Premiums received gross 2622 96 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks374354 12 Premiums 2648 78 Tax 2648 THE AMERICAN CREDITINDEMNITY COMPANY OF NEW YORK ICAPITAL STOCK 1 Whole amount of capital stock 200000 00 2 Amount paid up in cash 200000 00 200000 00 IIASSETS Total par and market value of stocks and bonds owned ab solutely by the company 12 Cash in companys principal office 13 Cash belonging to the company deposited in bank The Merchants Laclede National Bank The Third National Bank 1475 64 101640 18 18460 52 Total cash items 121576 34 14 Amount of premium notes upon which policies have been issued 15 Interest due and accrued on bonds not included in market value uncollected 16 Value of accounts purchased on payment of losses 17 Gross premiums in course of collection 18 Agents balances Deductions Agents balances Premium notes considered doubtful 213875 00 121576 34 1000 00 1000 00 17502 50 49440 00 7650 68 425245 97 7650 68 1703 03 9353 71 Total assets of the company actual cash market value 415892 26 11 IIILIABILITIES Losses due and unpaid 10850 00 Net amount of unpaid losses 10850 00 Gross premiums without any deduction received and re ceivable upon all unexpired credit risks running one year or less from date of policy 24492056 unearned premiums fifty per cent 122460 28 Total unearned premiums as computed above carried out 122460 28372 COMPTROLLERGENERALS REPORT 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Taxes Agents commissions Total 21 Joint stock capital actually paid up in cash 23 Surplus beyond capital and all other liabilities 24 Aggregate amount of liabilities including capital paid up and net surplus 300 00 2364 81 135975 09 200000 00 79917 17 415892 26 IVINCOME DURING THE YEAR 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 2 Deduct amount of same not collected 3 Net collected 4 Gross premiums on risks written and renewed during the year as shown in risk and pre mium exhibit 5 Total 6 Deduct premiums and bills in course of collection at this date 7 Entire premiums collected during the year 8 Deduct return premiums Credit risks 36135 00 23905 00 12230 00 250857 00 263087 00 49440 213647 00 4530 83 9 Net cash actually received for premiums carried out 209116 17 10 Received for interest on bonds and mortgages 12 Income received from all other sources omitting increase if any in value of securities viz Sale of bonds 43750 accounts purchased on payment of losses Jl93734 total 15 Aggregate amount of income actually received during the year in cash 209116 17 9337 79 2374 84 220S28 80COMPTROLLERGENERALS REPORT VEXPENDITURES DURING THE YEAR 3 Net amount paid during the year for losses 6 Paid for commissions on brokerage 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Rent 2 37650 legal expense 716204 office fixtures 43843 advertising 244785 printing 168632 postage 136375 traveling 151539 expense 259978 tele graph 84411 exchange 20360 mercantile agencies 281500 total Aggregate amount of actual expenditures during the year in cash BUSINESS IN THE STATE OP GEORGIA DURING THE YEAR Fire marine and inland risks written Premiums received gross BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks Premiums Tax 373 85899 77 67274 14 4248 57 22952 77 220667 16 68000 00 2286 92 73500 00 2600 10 26 00 BANKERS MUTUAL CASUALTY COMPANY DES MOINES IA ICAPITAL STOCK Amount of net ledger assets December 31st of previous year extended at IIINCOME DURING YEAR As Shown by Books at Home Office December 31st Accident Burglary 1 Gross premiums unpaid Dec 31 last year paid 2 Gross premiums written and re newed during year Total 3 Deduct gross premiums now in course of collection 4 Entire premiums collected during the year 5 Deduct reinsurance abatement rebate and return premiums 25215 1109 50 53599 57 54709 07 1513 37 53195 70 13281 21 38496 6 Net cash actually received for premiums carried out 12 Profit on sale or maturity of ledger assets during the year over book values salvage 75 77 27422 49 14698 80374 COMPTROLLERGENERALS REPORT 13 From membership fees 2833 75 14 Income from all other sourcesviz Promoters 8905 33 Installment notes 25215 69 Total income during year 51729 34 Sum 79151 83 IIIDISBURSEMENTS DURING YEAR Burglary 2 Gross amount paid for weekly or other peri odical indemnity 7426 94 3 Deduct reinsurances salvages and recover ies on losses previously paid 5195 39 Net paid policyholders 2231 55 4 Stockholders for interest or dividends amount declared during the year returned to promoters 9298 81 5 Commissions or brokerage to agents 209 05 6 Salaries traveling and all expenses of agents and directors attending committee meetings 1710 01 7 Medical examiners fees and salaries general traveling expenses of officers 434 50 8 Salaries and all other compensation of officers 369086 and home office employees 1 62503 5315 89 9 Taxes on premiums 2911 insurance depart ment fees and agents licenses 13453 163 64 10 Rent including 240 for companys use of own building 240 00 11 Directors attending regular meetings 1128 61 12 Furniture and fixtures 21050 advertising 175716 printing and stationery 126899 3236 65 13 Losses on ledger assets actually sold or interest 865 95 14 All other items viz Sundry office expense 226 02 Postage 1608 17 Total disbursements 26668 85 Balance 52482 98 IVLEDGER ASSETS Ik per Ledger Accounts shown by the Books of Home Office at Close of Business December 31st 5 Cash deposited in Citizens National Bank Des Moines la 2496 62 6 Bills receivable 49986 36 Total net ledger assets as per balance above 52482 98 18 Gross premiums in course of collection to wit Burglary not over three months due 1513 37 Gross assets 53996 35 Total admitted assets 53996 35COMPTROLLERGENERALS REPORT 375 VNONLEDGER LIABILITIES 4 Gross premiums upon allunexpired risks run ning one year or more from date of policy Burglary premiums unearned portion 50 per cent 28462 29 Total unearned premiums as computed above car ried out 8 Salaries rent expenses taxes bills accounts fees etc due or accrued 10 For reinsurance 11 All other liabilities viz Advanced by promoters Total amount of all liabilities 13 Surplus beyond capital and all other liabilities Total BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 Risks Premiums Tax 28462 59 1667 11 3456 21 6800 00 40385 91 13610 44 53996 35 112500 00 421 60 4 21 THE BRITISH AND FOREIGN MARINE INSURANCE COMPANY OF LIVERPOOL ENGLAND ICAPITAL 2 Amount paid up in cash 268000 00 IIASSETS 2 Loans on bond and mortgage on real estate in Portland Oregon worth 10500 duly recorded and being first liens on the fee simple 41000 00 3 Interest due on all said bond and mortgage loans interest accrued thereon 97250 total 972 50 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1251551 88 Total cash items 35362 48 15 Interest due and accrued on stocks not included in mar ket value uncollected 15396 88 17 Premiums in course of collection 374215 61 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 72304 99 Total assets of the company actual cash market value in the United States 1790804 34 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 352550 05 3 Losses resisted including interest costs and other expenses thereon 24045 00 4 Total gross amount of claims for losses 376595 05 5 Deduct reinsurance thereon 120500 88376 COMPTROLLERGENERALS REPORT 6 Net amount of unpaid losses 256094 17 10 Gross premiums without any deduction received and re ceivable on all unexpired marine risks 497596 21 11 Total unearned premiums as computed above carried out 497596 21 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 42 60 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Taxes 464548 commissions 3455576 reinsurance premiums 7920946 118410 70 Total 872143 68 24 Aggregate amount of all liabilities in the United States 872143 68 IVINCOME DURING THE YEAH On Marine and Inland Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 435241 12 2 Deduct amount of same not collected 15429 39 3 Net collected 419811 73 4 Gross premiums on risks written and re newed during the year as shown in risk and premium exhibit 2693548 59 5 Total 3113360 32 6 Deduct premiums and bills in course of col lection at this date 412879 16 7 Entire premiums collected during the year 2700481 16 8 Deduct reinsurance and return premiums 961075 74 9 Net cash actually received for premiums carried out 1739405 42 10 Received for interest on bonds and mortgages 54537 88 14 American branches of foreign companies will please report amount of remittances from home office during the year 474837 07 15 Aggregate amount of income actually received during the year in cash 1793943 30 VEXPENDITURES DURING THE YEAR On Marine and Inland Risks 1 Gross amount actually paid for losses 1755356 66 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 12831081 and all amounts actually received for reinsur ances in other companies 70574635 total deductions 834057 16 3 Net amount paid during the year for losses 921299 50 6 Paid for commissions or brokerage 230 234 07COMPTROLLERGENERALS REPORT 377 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 130323 10 8 Paid for State national and local taxes in this and other States 36098 06 10 American branches of foreign companies will please re port amount sent to home office during the year 969019 53 Aggregate amount of actual expenditures during the year in cash 1317954 73 Business in the State of Georgia during the Year Marine and Inland Risks Aggregate Fire marine and inland risks written 15000 00 15000 00 Premiums received gross 387 50 387 50 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks 14723 00 Premiums 391 28 Tax 3 91 THE CITY TRUST SAFE DEPOSIT AND SURETY COMPANY OF PHILADELPHIA PA ICAPITAL 1 Whole amount of capital stock 500000 00 2 Amount paid up in cash 500000 00 IIASSETS 1 Market value of real estate owned by tbe company 509617 62 2 Loans on bonds and mortgage duly recorded and being first liens on the fee simple 175950 00 3 Interest due on all said bond and mortgage loans 14580 interest accrued thereon 325156 total 3397 36 4 Value of lands mortgaged exclusive of build ings and perishable improvements 86900 00 5 Value of buildings mortgaged insured for 161900 as collateral 189450 00 6 Total value of said mortgaged premises parried inside 276350 00 9 Total par and market value stocks and bonds owned abso lutely by the company carried out at market value 244696 00 11 Total par and market value and amount loaned therein 1211213 00 12 Cash in companys principal office 75122 94 13 Cash belonging to the company deposited in bank 480826 19 Total cash items 555939 13 14 Interest due and accrued on bank account 900 00 15 Interest due and accrued on stocks and bonds not included in market value uncollected 3742 29378 COMPTROLLERGENERALS REPORT 16 Interest due and accrued on collateral loans and uncollected 15030 58 Ground Rent 45 00 17 Gross premiums in course of collection more than 3 months due 470169 carried inside not more than three months due 18258 53 18 Commission 53 45 All other assets both real and personal viz Rents due and accrued 28750 due from other companies for re insurance on losses already paid 708336 return pre miums on fire policies 6390 due from ledger account secured by mortgage on real estate 731966 furniture and fixtures 520684 overdrafts 9643 26383 79 Total assets of the company actual cash market value 2765226 75 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 19402 59 3 Losses resisted including interest costs and other expenses thereon 399 09 4 Total gross amount of claims for losses 1980168 5 Deduct reinsurance thereon 2795 60 6 Net amount of unpaid losses 17006 08 7 Gross premiums without any deduction re ceived and receivable upon all unexpired surety risks running one year or less from date of policy 251134 78 Unearned premiums fifty per cent 125567 39 11 Total unearned premiums as computed above carried out 125567 39 16 Cash dividends to stockholders remaining unpaid 60 00 17 Accrued for salaries rent advertising and for agency and other miscellaneous expenses 1000 00 18 Due depositors 191827084 interest accrued thereon 1189801 1930168 85 19 All other demands against the company ab solute and contingent due and to become due admitted and contested viz Return premiums 664 50 Due for reinsurance on premiums not yet collected 5697 00 Commission etc due to agents and brokers on premiums paid and in course of col lection 38 25 6399 75 Total 2080202 07 21 Joint stock capital actually paid up in cash 500000 00 23 Surplus beyond capital and all other liabilities 185024 68 24 Ageregate amount of all liabilities including capital paid up and net surplus 2765226 75 IVINCOME DURING THE YEAR On Surety Risks 1 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 14537 79 3 Net collected 14537 79COMPTROLLERGENERALS REPORT 379 4 Gross premiums on risks written and re newed during the year 238126 21 5 Total 252664 00 6 Deduct premiums and bills in course of col lection at this date 22960 20 7 Entire premiums collected during the year 229703 80 8 Deduct reinsurance and return premiums 24426 97 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents 878038 safe deposit boxes 200425 commission 691061 regis try 54925 total 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR On Surety Risks 1 Gross amount actually paid for surety losses including 43054 losses occurring in pre vious years 61626 74 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 12302 88 andall amounts actually received for reinsurance in other companies 131016 total deductions 13613 04 3 Net amount paid during the year for looses 4 Cash dividends actually paid stockholders 29970 interest paid depositors 3619736 5 Expenses of agents and agencies not including commissions and salaries 6 Paid for commissions or brokerage 7 Paid for salaries of officers clerks agents and all other employes 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Advertising 658853 expenses 1261968 stationery 681878 light expenses 3842 depreciation in furniture and fixtures and securities 399750 profit and loss 159224 total Aggregate amount of actual expenditures during the year in cash 205276 83 7994 07 61338 33 18244 49 292853 72 48013 70 66167 36 21291 80 16906 15 81800 55 9734 80 35458 73 279373 09S80 COMPTROLLERGENERALS REPORT UNITED STATES BRANCH OF THE EMPLOYERS LIABILITY ASSURANCE CORPORATION LIMITED ENGLAND ICAPITAL STOCK 1 Amount of capital stock paid up in cash in England 750000 00 2 Amount of capital subscribed but unpaid in England 3000000 00 Amount of net ledger assets December 31st of previous year 891137 06 Extended at IIINCOME DURING YEAR 1897 As Shown by Books at Home Office December 31 Employers Accident Liability Fidelity 891137 06 1 Gross premiums unpaid Dec 31 last year 37988 59 233358 49 4385 97 2 Gross premiums on risks written and renewed during the year 203418 15 1048635 41 32161 31 Total 241406 74 1281993 90 36547 28 3 Deduct gross premiums in course ofcollection at this date 32714 76 244775 56 4401 33 4 Entire premiums collect ed during the year 208691 98 1037218 34 32145 95 5 Deduct reinsurance abatement rebate and return premiums 45993 06 168294 64 5764 34 6 Net cash actually receiv ed for premiums car ried out 162698 92 868923 70 26381 61 1058004 23 9 Interest and dividends on stocks and bonds 50933 22 50933 22 15 Total interest Total income actually received during the year in cash 1108937 45 Aggregate last balance and income 2000074 51 IIDISBURSEMENTS DURING THE YEAR As Shown by Books at Home Office December 31 Employers Accident Liability Fidelity 1 Gross amount paid for matured claims other than weekly indem nity 31264 32 2 Gross amount paid for weekly or other peri odical indemnity 69793 08 Total 101057 40 507279 73 12322 38 Net paid policyholders 620659 51COMPTROLLERGENERALS REPORT 381 4 Remitted to home office 65405 75 5 Commission to agents 250949 32 6 Salaries traveling and all expenses of agents and agencies not on commission account 16288 44 8 Salaries and all other compensation of presi dent 42433 97 9 Taxes on premiums 23906 37 10 Rent 17356 01 11 Legal expenses 5197 63 12 Furniture and fixtures 1783 79 13 Advertising 730030 and general printing and stationery 1238916 19689 46 15 All other items 13071 01 Total miscellaneous expenses 456081 75 16 Total disbursements 1076741 26 Balance 923333 25 IIIASSETS As per Ledger Accounts Shown by Books at Home Office December 81 4 Book value of bonds and stocks owned abso lutely 895029 58 5 Cash in companys office 800 00 6 Cash deposited in bank Mass Natl Bank Boston Mass 357 34 9 All other items viz Cash deposited with trustees with Kidder Peabody Co 27146 33 11 Total 923333 25 Total net ledger assets OTHER OR NONLEDGER ASSETS 13 Interest due and accrued on bonds and stocks 7137 09 17 Total outstanding interest 20 Gross premiums in course of collection to wit Unpaid Commissions Premiums Thereon Net 21 Accident 32714 76 8545 47 24169 29 22 Employers liability 224775 56 51663 72 193111 84 24 Fidelity 4401 33 597 10 3804 23 29 Total gross outstanding premiums 281831 65 Total net amount of outstanding premiums 923333 25 7137 09 221085 36 30 Total assets as per books of the company 1151555 70 DEDUCT ASSETS NOT ADMITTED AND FOR DEPRECIATION 5 Agents debit balances unsecured 7352 47 Total 735247 Total Admitted assets 1144203 23382 COMPTROLLERGENERALS REPORT IVNONLEDGER LIABILITIES Resited by In Process 01 Eesisted for Company on Adjustment Employees its own acct Accident 10145 00 28500 00 Employers liability 29055 00 189440 00 655 00 Fidelity 695 00 3 Net amounts of unpaid claim account 39895 00 189440 00 29155 00 Aggregate of unpaid claims and expenses 258490 00 4 Gross premiums upon all unexpired risks running one year or less from date of policy Unearned Portion 50 Premiums percent Accident 128372 89 64186 45 Employers liability 770861 84 385430 92 Fidelity 26395 20 13197 60 Total one year or less 462814 97 5 Gross premiums upon all unexpired risks run ning more than one year from date of policy Unearned Premium Premiums pro rata Employers liability 33817 33 10592 10 Total for term policies 10592 10 6 Total unearned premiums as computed above carried out 473407 07 Total amount of all liabilities except capital stock 731897 07 11 Capital deposit actually paid up in cash 250000 00 12 Surplus beyond capital deposit and other lia bilities 162306 16 412306 16 13 Aggregate amount of all liabilities including paidup capital stock and net surplus 1144203 23 Business in the State of Georgia During the Year 1897 Risks Premiums Losses Losses Written Received Paid Incurred Accident 362225 00 1609 89 185 50 275 50 Employers liability 202918 00 901 86 1678 80 2353 80 Aggregate 605305 00 2690 25 1864 30 2629 30 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks 937500 00 Premiums 4166 67 Losses 1989 84 Tax 41 66COMPTROLLERGENERALS REPORT 383 THE FIDELITY AND CASUALTY INSURANCE COMPANY OF NEW YORK ICAPITAL 1 Whole amount of capital stock 250000 00 250000 09 2 Amount paid up in cash 250000 00 IIASSETS 1 Market value of real estate owned by the company less the atnount of incumbrances theron 588442 78 ACCOUNT OF STOCKS AND BONDS OWNED ABSOLUTELY BY THE COMPANY 9 Total par and market value carried out at market value 1422700 00 1649952 50 1649952 50 12 Cash in companys principal office 3880100 13 Cash belonging to the company deposited in bank 88019 78 Total cash items 15 Interest due and accrued on stocks not included in mar ket value uncollected All other assets both real and personal viz Rents due and accrued 164080 due from other companies for reinsurance on losses already paid Reserve Re Insurance Deposit cash in companys possession 2149548 23136 28 126820 78 2016 67 Gross premiums In course of collection not more than 3 months due 540037 19 Total assets of the company actual cash market value 2930406 20 IIILIABILITIES 6 Net amount of unpaid losses 459396 09 11 Total unearned premiums as computed above carried out 1592898 04 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 19 All other demands against the company absolute and contingent due and to become due admitted and contested viz Commissions on premiums in course of colection 25697 00 139815 63 Total 2217806 76 21 Joint stock capital actually paid up in cash 250000 00 23Surplus beyond capital and all other liabilities 462599 44 24 Aggregate amount of all liabilities including capital paid up and net surplus 2930406 20 26c884 COMPTROLLERGENERALS REPORT IVINCOME DURING THE YEAR 9 Net cash actually received for premiums carried out 2944245 29 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 66240 18 12 Income received from all other sources omitting in crease if any in value of securities viz Rents 58 21818 profit on sale of ledger assets during the year over book values 1186250 total 70074 68 15 Aggregate amount of income actually received during the year in cash 3080560 15 V EXPENDITURES DURING THE YEAR 3 Net amount paid during the year for losses 1200281 07 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 45000 00 6 Paid for commissions or brokerage 763924 04 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 344859 99 8 Paid for State National and local taxes in this and other States 50231 13 9 All other payments and expenditures viz 519653 15 Aggregate amount of actual expenditures during the year in cash 2923949 38 Business in the State of Georgia During the Year lire marine and inland risks written 5837845 60 Premiums received gross 22671 89 Losses paid 7892 54 Losses incurred 7S92 54 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1808 Risks 7190145 95 Premiums 26503 75 Losses 8020 22 Tax 265 03 THE FIDELITY AND DEPOSIT COMPANY OF MARYLAND ICAPITAL 1 Whole amount of capital stock 1000000 00 1000000 00 2 Amount paid up in cash 1000000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 600000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1610800 00COMPTROLLERGENERALS REPORT 385 12 Cash in companys principal office 7729 20 13 Cash belonging to the company deposited in bank National Mechanics Balti more 12547621 Hanover National of New York 5538215 total 188587 56 Total cash items All other assets both real and personal viz Rents due and accrued due frOm other companies for reinsurance on losses already paid net premiums in course of collection 188587 56 101136 77 Total assets of the company actual cash market value 2500524 33 IIILIABILITIES 1268 41 1 Losses due and unpaid 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 3 Losses resisted including interest costs and other expenses thereon 4 Total gross amount of claims for losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired surety risks running one year or less from date of policy Unearned premiums fifty per cent 11 Total unearned premiums as computed above carried out 25069 08 2000 00 28337 49 870179 38 435089 69 28337 49 435089 69 Ttal 463427 18 21 Joint stock capital actually paid up in cash 1000000 00 23 Surplus beyond capital and all other liabilities 1037097 15 24 Aggregate amount of all liabilities including capital paid up and net surplus 2500524 33 3 Net collected 4 Gross premiums on risks written and renewed dur ing the year as shown in risk and premium exhibit item 2 page 1 IVINCOME DURING THE YEAR 80355 97 5 Total 6 Deduct premiums and bills in course of collection at this date 845243 03 925599 00 126420 96 7 Entire premiums collected during the year 799178 04386 COMPTROLLERGENERALS REPORT 8 Deduct reinsurance and re turn premiums 15812 80 9 Net cash actually received for premiums carried out 783365 24 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents from companys building Total 13 Received for commissions safe deposit department etc 53591 66 39266 65 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR 1 3 172818 07 23340 95 149477 12 Gross amount actually paid for losses oc curring in previous years Deduct all amounts actually received for salvages whether on losses of the last or of previous year and all amounts actually received for reinsurance in other companies Net amount paid during the year for losses 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employes 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Rent com panys use own building 760000 legal expenses 612168 real estate repairs etc 981686 furni ture and fixtures 234260 advertising 673638 printing and stationery 1324737 postage 10 64410 incidentals developments etc 5387350 elevator accident 714334 auditing 1756404 total Aggregate amount of actual expenditures during the year in cash 783365 24 92858 31 24306 16 900529 71 149477 12 183521 56 65096 57 29179 09 117525 83 642364 21 Business in the state of Georgia During the Year Fire marine and inland risks written 2467707 00 Premiums received gross 19200 77 Losses paid 1661 53 Losses incurred 1895 85COMPTROLLERGENERALS REPORT 387 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks 2755915 00 Premiums 21663 93 Losses 1999 53 Tax 216 63 GENERAL MARINE INSURANCE COMPANY OF DRESDEN GERMANY ICAPITAL 2 Amount paid up in cash deposited New York State 200000 00 IIASSETS 9 Total par and market value of stocks and bonds ewned absolutely by the company carried out at mar ket value 225000 00 249000 00 249000 00 12 Cash in companys principal office 586 37 13 Cash belonging to the company deposited in bank J W Seligman Co 8966 00 Gallatin National Bank 1112 70 Drexel Co 21664 87 AdamHabett 654 76 Louisian National Bank 1240 39 33638 72 Total cash items 34225 09 14 Amount of premium notes upon which policies have been issued 2192 63 18 Bills receivable not matured taken for Are marine and inland risks 40354 07 Total assets of the company actual cash market value 325771 79 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense in cluding all reported and supposed losses 9 Gross premiums without any deduction including both cash and bills received and receivable upon all unexpired inland navigation and marine risks 19 All other demands against the company absolute and con tingent due and to become due admitted and contested viz Reinsurance premiums Total 23 Surplus beyond capital and all other liabilities Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR On Marine and Inland Risks 1 Gross premiums and bills in course of collection at close of last previous year as shown by that years statement 54214 91 15800 00 35604 81 4544 10 55958 91 269812 88 325771 7938 COMPTROLLERGENERALS REPORT 3 Net collected 54214 91 4 Gross premiums on risks written and renewed during the year 305200 24 Total 359415 15 6 Deduct premiums and bills in course of collec tion at this date 40354 07 7 Entire premiums collected during the year 319061 08 8 Deduct reinsurance and return premiums 37822 57281238 51 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sourcess 263 33 15 Aggregate amount of income actually received during the year in cash 281501 84 VEXPENDITURES DURING THE YEAR On Marine and Inland Risks 1 Gross amount actually paid for losses includ ing 11250 losses occuring in previous years 104700 18 2 Deduct all amounts actually received for sal vages whether in losses of the last or of pre vious year 18362 57 3 Net amount paid during the year for losses 86337 61 6 Paid for commissions or brokerage 32183 38 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 9412 19 8 Paid for State national and local taxes in this and other States 5039 21 9 All other payments and expenditures viz Rents 375 832 60 fees 45760 postage telegrams petties etc 5477 89 10 American branches of foreign companies will please report amount sent to home office during the year 133816 49 Aggregate amount of actual expenditures during the year in cash 273099 35 Business in the State of Georgia During the Year Marne and Inland Risks Premiums received gross1200451 00 Losses paid 6038 94 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks1364062 00 Premiums 5809 92 fax 58 10 THE GUARANTEE COMPANY OF NORTH AMERICA FIRE INSUR ANCE COMPANY OF MONTREAL CANADA ICAPIT M 1 Whole amount of capital stock subscribed for 668600 00 2 Amount paid up in cash 304600 00COMPTROLLERGENERALS REPORT 389 IIASSETS 1 Market yalue of real estate owned by the company less the amount of incumbrances thereon 66885 33 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 5430 00 Total par and market value of stocks and bonds owned ab solutely by the company carried out at market value 771798 66 12 Cash in companys principal office 887 18 13 Cash belonging to the company deposited in bank 88355 01 Total cash items 89242 19 15 Interest due and accrued on stocks not included in mar ket value uncollected 7767 08 All other assets both real and personal viz Premiums in course of collection 10614 00 Furniture and safes at home office and branches 4459 37 Total assets of the company actual cash market value 956196 63 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 25323 29 3 Losses resisted including interest costs and other expenses thereon 72279 96 4 Total gross amount of claims for losses 97603 25 5 Deduct reinsurance thereon 10000 00 6 Net amount of unpaid losses 87603 25 7 Gross premiums without any deduction re ceived and receivable upon all unexpired risks running one year or less from date of policy 213969 95 Unearned premiums fifty per cent 106984 97 11 Total unearned premiums as computed above carried out 106984 97 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 7210 70 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Provided for contingencies 5000 00 20 Total amount of all liabilities except capital stock scrip and net surplus 206798 92 21 Joint stock capital actually paid up in cash 304600 00 23 Surplus beyond capital and all other liabilities 444797 71 24 Aggregate amount of all liabilities including capital paid up and net surplus 956196 63 IVINCOME DURING THE YEAR Guarantee 3 Net collected 11977 31 4 Gross premiums on risks written and re newed during the year 239748 29 5 Total 251725 60390 COMPTROLLERGENERALS REPORT 6 Deduct premiums and bills in course of col lection at this date 7 Entire premiums collected during the year 8 Deduct reinsurance and return premiums 10614 00 241111 60 47241 96 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mort 193869 64 193869 64 46 80 gages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 12 Income received from all other sources omitting increase if any in value of securities viz Rents 244255 in terest on other debts 85951 total 15 Aggregate amount of income actually received during the year in cash vEXPENDITURES DURING THE YEAR Guarantee 1 Gross amount actually paid for losses 55507 33 2 Deduct all amounts actually received for salvages 18718 28 3 Net amount paid during the year for losses 36789 15 4 Cash dividends actually paid stockholder amount of stockholders dividends declared during the year 5 Expenses of inspection and revision 6 Paid for commissions or brokerage 592698 traveling and agency expenses 2194049 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Rents 8 12385 law charges 171900 advertising and printing 453832 postage and office charges 952200 furni ture 31410 loss on real estate sold 5000 total 33797 98 3272 06 230986 48 36789 15 18276 00 25096 23 27867 47 38815 01 7896 00 9886 10 Aggregate amount of actual expenditures during the year in cash 179007 13 Business in the State of Georgia during the Year Fidelity Risks written 1976450 00 Premiums received gross 7506 33 Losses paid 4918 42 Losses incurred 4956 7L BUSINESS IN GEORGIA FOR YEAR ENDING APRII 30 1898 Risks1976000 00 Premiums 6952 65 Losses 4812 07 Tax 69 52COMPTROLLERGENERALS REPORT 391 HARTFORD STEAM BOILER INSPECTION AND INSURANCE COMPANY OF HARTFORD CONN ICAPITAL 1 Whole amount of capital stock 500000 00 500000 00 2 Amount paid up in cash 500000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 55655 39 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 335775 00 3 Interest accrued on all said bond and mortgage loans 6880 95 4 Value of lands mortgaged exclusive of buildings and perishable improvements1200220 00 5 Value of buildings mortgaged insured for 35655 as collateral 171020 00 9 Total value of stocks and bonds owned absolutely by the company carried out at market value 1503841 50 12 Cash in companys principal office 6409 11 13 Cash belonging to the company deposited in bankSecurity Company 4652 30 Hartford National Bank 16890 89 US Bank 16327 92 Conn River Banking Co 2515154 63022 65 Total cash items 69431 76 15 Interest due and accrued on stocksnot included in mar ket value uncollected 27895 79 17 Cash in hands of agents and in course of transmission 265911 14 Total assets of the company actual cash market value 2265391 53 IIILIABILITIES 1 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 14692 38 6 Net amount of unpaid losses 14692 38 7 Gross premiums without any deduction re ceived and receivable upon all unexpired steam boiler risks running one year or less from date of policy 9330387 unearned premiums 50 per cent 46653 93 8 Gross premiums without any deduction re ceived and receivable upon all unexpired steam boiler risks running more than one year from date of policy 241844685 un earned premiums pro rata 1229132 84 11 Total unearned premiums as computed above carried out 1275786 77 19 Brokerage 27752 72 20 Total amount of all liabilities except capital stock scrip and net surplus 1318231 87392 COMPTROLLERGENERALS REPORT 21 23 24 Joint stock capital actually paid up in cash Surplus beyond capital and all other liabilities 500000 00 447159 66 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR Steam Boiler Gross insurance and inspection premiums and bills in course of collection at close of last previous year as shown by that years state ment 298304 12 Net collected 298304 12 Gross premiums on risks written and renewed during the year 976500 39 2265391 53 Total1274804 51 Deduct premiums and bills in course of col lection at this date 265911 14 11 12 15 Entire premiums collected during the year 1008893 37 Deduct reinsurance and return premiums 105221 64 Net cash actually received for insurance and inspection carried out Received for interest and dividends on stocks and bonds collateral loans and from all other sources Income received from all other sources viz Special me chanical services Aggregate amount of income actually received during the year in cash 903671 73 89847 30 1787 51 995306 54 VEXPENDITURES DURING THE YEAR 8team Boiler 1 Gross amount actually paid for losses includ ing 739866 losses occuring in previous years 59267 03 3 Net amount actually paid for losses 59267 03 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 60000 00 6 Paid for commissions or brokerage 213259 44 7 Paid for salaries fees and other charges of officersclerks agents and all other employees 42424 00 8 Paid for State national and local taxes in this and other States 16533 91 9 All other payments and expenditures viz Agency and office expenses advertising apparatus and furniture 132602 87 Inspection expenses 315156 97 Aggregate amount of actual expenditures during the year in cash 839244 22 Business in the State of Georgia During the Year bteam Boiler Risks written 738200 00 Premiums received gross 4510 61 Received for inspections 1933 12 Losses incurred 70 74COMPTROLLERGENERALS REPORT 393 BUSINESS IN GEORGIA FOR THE YEAR ENDING APRIL 30 1898 Risks 823300 00 Premiums 7502 36 Losses 70 45 Tax 75 02 THE LLOYDS PLATE GLASS INSURANCE COMPANYNEW YORK NEW YORK ICAPITAL STOCK Amount of capital stock author ized 25000000 subscribed tor 250000 00 Amount of capital paid up in cash 250000 00 Amount of net ledger assets December 31st of previous year 622438 32 Extended at 622438 22 1 2 3 4 5 6 7 8 10 14 IIINCOME DURING YEAR As shown by Books at Home Office December 31st 1897 Plate Glass Gross premiums unpaid Dec 31 last year paid 67587 12 Gross premiums written and re newed during year 417016 16 Total 484603 28 Deduct gross premiums now in course of collection 65984 40 Entire premiums collected dur ing the year 418618 88 Deduct reinsurance abatement rebate and return premium 32684 35 Net cash actually received for premiums carried out 385934 53 Rents from companys property 13943 66 Interest on loans on mortgages of real estate 950 00 Interest on bonds and dividends on stocks 14608 63 Total interest Income from all other sources viz and loss suspense account Profit 593 45 Total income during the year Sum 385934 53 29502 29 593 45 IIIDISBURSEMENTS DURING YEAR As Shown by Books at Home Office December 31st Plate Glass Gross amount paid for claims ex cepting weekly indemnity 136386 55 416030 27 1038468 59 Total 136386 55394 COMPTROLLERGENERALS REPORT 3 Deduct reinsurances salvages and recoveries on losses pre viously paid 11661 28 Net paid policyholders 124725 27 124725 27 4 Stockholders for interest or dividends amount declared during the year 50000 50000 00 5 Commissions or brokerage to agents less re ceived on reinsurance 103931 76 6 Salaries traveling and all expenses of agents and agencies not on commission account 4653 21 S Salaries and all other compensation of officers 1660000 and home office employees 3791928 54519 28 9 Taxes on premiums 435733 taxes on prop erty 353430 insurance department fees and agents licenses 358990 municipal licenses 181545 2734 94 11 Legal expenses 21078 real estate repairs and expenses other than taxes 377518 3985 96 12 Furniture and fixtures 39170 advertising 608263 printing and stationery 275309 9227 42 13 Losses on ledger assets actually sold or ma tured under book value 2728 25 14 All other items viz Storage and express 309407 sundries 364141 6735 48 Total miscellaneous expenses 251813 28 Total disbursements 376538 55 Balance 661930 04 IVLEDGER ASSETS As per Ledger Accounts Shown by the Books at Home Office at Close of Business December 31 1 Book value of real estate unincumbered 245763 18 2 Mortgage loans on real estate first liens 20000 00 4 Book value of bonds excluding interest 26398491 and stocks 10582030 368805 21 5 Cash in companys office 526258 deposited in bank as follows New York National Exchange Bank 2209907 27361 65 Total 661930 04 Total net ledger assets 661930 04 NONLEDGER ASSETS 18 Gross premiums in course of collection to wit Plate Glass not over three months due 6087205 unpaid commission thereon 1521801 net premiums 45 65404 more than three months due not carried in 511235 Total net not over three monts due 45654 04 Gross assets 726820 90COMPTROLLERGENERALS REPORT Deduct Assets Not Admitted 4 Depreciation from book values of above ledger assets to bring same to market value 12193 12 Total Total admitted assets VSONLEDGER LIABILITIES Plate glass in process of adjustment 160161 1 Total gross amount of claims 1601 61 Aggregate of unpaid claims and expenses 4 Gross premiums upon all unexpired risks run ning one year or less from date of policy Plate glass premiums 352396 95 Unearned portion 50 per cent 176198 47 395 12193 12 714627 78 1601 61 Total one year or less 176198 47 5 Gross premiums upon all unexpired risks run ning more than one year from date of policy Plate glass premiums 47359 36 Unearned premiums pro rata 25285 06 Total more than one year 25285 06 6 Total unearned premiums as computed above carried out 8 Salaries rent expenses taxes bills accounts fees etc due or accrued including plate glass and glazing 201483 53 13255 72 Total amount of all liabilities 216340 86 12 Joint stock capital actually paid up in cash 250000 00 13 Surplus beyond capital and other liabilities 248286 92 498286 92 Total Business in the State of Georgia During the Year Risks written Premiums received Losses paid Losses incurred Amount at risk end of year 714627 78 Plate Glas 35022 26 1357 00 242 73 268 26 35022 26 INESS IN GEORGIA FOR YEAR EVDING APRIL 30 1898 Risks Premiums Losses Tax 44038 43 1258 17 175 23 12 58396 COMPTROLLERGENERALS REPORT THE LONDON GUARANTEE AND ACCIDENT COMPANY LIMITED OP LONDON ENGLAND ICAPITAL 2 Amount paid up in cash statutory de posit 200000 00 IIASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 761469 40 12 Cash in companys principal office 749 02 13 Cash belonging to the company deposited in bank Merchants Loan Trust Co to credit U S Trustees 28396 66 Total 29145 68 Total cash items 29145 68 15 Interest due and accrued on stocks not included in market value uncollected 7020 65 17 Premiums in course of collection net not over three months due 111835 34 Total assets of the company actual cash market value 909471 07 IIILIABILITIES 1 Losses resisted 4500 00 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 9618 77 3 Resisted for employers 228500 00 4 Total gross amount of claims for losses 242618 77 6 Net amount of unpaid losses 242618 77 7 Gross premiums without any deduction received and receivable upon all un expired risks running one year or less from date of policy 679331 45 Unearned premiums fifty per cent 339665 72 11 Total unearned premiums as computed above carried out 339665 72 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 7873 63 20 Total amount of all liabilities except capital stock scrip and net surplus 590158 12 21 Joint stock capital actually paid up in cash statutory deposit 200000 00 23 Surplus beyond capital and all other liabilities 119312 95 24 Aggregate amount of all liabilities including capital paid up and net surplus 909471 07COMPTROLLERGENERALS REPORT 397 IVINCOME DURING THE YEAR I Gross premiums and bills In course of collection at close of last previous year as shown by that years statement 148268 86 4 Gross premiums on risks written and renewed dur ing the year as shown In risk and premium exhibit item 2 above 850358 74 5 Total 998627 60 6 Deduct premiums and bills m course of collection at this date 158125 48 7 Entire premiums collected during the year 840502 12 8 Deduct reinsurance and re turn premiums 123451 44 9 Net cash actually received for premiums carried out 717050 68 717050 68 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 26648 852 15 Aggregate amount of income actually received during the year in cash 743699 20 VEXPENDITURES DURING THE YEAH 3 Net amount paid during the year for losses 337697 30 4 Remitted home office 21498 10 6 Paid for commissions on brokerage 196651 30 7 Paid for salaries fees and other charges of officers clerks agents and all other employees and expense of agencies not on commission 47494 17 8 Paid for State national and local taxes in this and other States 12954 85 9 All other payments and expenditures viz Medical fees 604925 inspections 568052 rent 384996 legal 450547 trustees 240000 printing 617489 advertising 293153 furniture 130262 all other 1152299 total 44417 23 Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia Diriif the Tear 660712 95 Eire marine and inland risks written Premiums received gross Losses paid Losses incurred 1091900 00 6014 83 795 71 795 71398 COMPTROLLERGENERALS REPORT BUSINESS IS GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks 1078400 00 Premiums 5941 72 Losses 340 00 rax 59 41 THE MARYLAND CASUALTY COMPANY BALTIMORE MD ICAPITAL STOCK 1 Amount of capital stock paid up in cash Amount of surplus paid up in full 250000 00 100000 00 350000 00 IIIDISBURSEMENTS DURING YEAR 1897 20 Cash paid for salaries and all other compen sation of officers and other home office employees 21 Cash paid for taxes on incorporation 27 Cash paid for advertising 29 Cash paid for the following items viz Pos tage sundry and traveling expenses 416 66 312 50 125 00 80 22 Total disbursements Balance Invested in the following IVASSETS AS PER LEDGER ACCOUNTS 6 Cost value of bonds and stocks owned ex cluding accrued interest at time of pur chase 104250 00 7 Cash in companys office 100 00 8 Cash deposited in banks 244715 62 11 Total net or ledger assets as per bal ance above 349065 62 934 38 349065 62 13 Total net or ledger assets less depreciation 349065 62 THE METROPOLITAN PLATE CLASS INSURANCE COMPANY OF NEW YORK N Y ICAPITAL 1 Whole amount of capital stock 100000 00 2 Amount paid up in cash 100000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 150000 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 272132 50COMPTROLLERGENERALS REPORT 399 12 Cash in companys principal office 1816 80 13 Cash belonging to the company deposited in bank as fol lows Union Trust Co N Y 3352880 Kings Coun ty Trust Co Brooklyn 682998 Peoples Trust Co Brooklyn 537792 United States Trust Co Boston 100000 46736 70 15 Interest due and accrued on stocks not included in mar ket value uncollected 383 33 17 Premiums in course of collection 40186 69 All other assets both real and personal viz Due from other companies for reinsurance on losses already paid 141872 1418 72 Sundry accounts due for glass sold 187 78 Total assets of the company actual cash market value 512862 52 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 2200 00 4 Total gross amount of claims for losses 2000 00 7 Gross premiums without any deduction re ceived and receivable upon all unexpired Are risks running one year or less from date of policy 267473 95 Unearned premiums fifty per cent 11373698 11 Total unearned premiums as computed above carried out 133736 98 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 3756 50 19 All other demands against the company absolute and contingent due and to become due admitted and con tested 10046 67 20 Total amount of all liabilities except capital stock scrip and net surplus 149740 15 21 Joint stock capital actually paid up in cash 100000 00 23 Surplus beyond capital and all other liabilities 263122 37 24 Aggregate amount of all liabilities including capital paid up and net surplus 512862 52 IVINCOME DURING THE YEAR Plate Glass 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 38844 95 3 Net collected 38844 95 4 Gross premiums on risks written and re newed during the year 304502 43 5 Total 343347 38 26c400 COMPTROLLERGENERALS REPORT 6 Deduct premiums and bills in course of col lection at this date 40186 69 7 Entire premiums collected during the year 303160 69 8 Deduct reinsurance and return premiums 38585 27 9 Net cash actually received for premiums carried out 264575 42 10 Received for interest on bonds and mortgages 12 Income received from all other sources omitting increase if any in value of securities viz Bents 264575 42 11991 88 2477 51 15 Aggregate amount of income actually received during the year in cash 279044 81 VEXPENDITURES DURING THE YEAR Fire Risks 1 Gross amount actually paid for losses in cluding 2500 losses occurring in pre vious years 2 Deduct all amounts actually received for salvages whether on losses of the last or of previous year 2430 89 88200 00 3 Net amount paid during the year for losses 85769 11 4 Cash dividends actually paid stockholders amount of stockholders dividends de clared during the year 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Postage and express 122168 printing and stationery 206654 advertising 224073 sundries 1407839 total 85769 11 18000 00 80926 32 26672 11 8344 28 19607 34 Aggregate amount of actual expenditures during the year in cash 239319 16 Business in the State of Georgia during the year Fire marine and inland risks written Premiums received gross Losses paid Plate Glass 762 45 197 61 197 61 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 p r30280 20 Premiums 819 85 Losses 218 89 Risks Tax 8 19COMPTROLLERGENERALS REPORT 401 THE NATIONAL SURETY COMPANY OF NEW YORK N Y ICAPITAL 1 Whole amount of capital stock 500000 00 2 Amount paid up in cash 500000 00 6 13 92985 00 92450 00 185435 00 43325 00 664 83 15 17 IJASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 3 Interest due on all said bond and mortgage loans interest accrued thereon 66483 total 4 Value of land mortgaged exclusive of buildings and perishable improve ments 5 Value of buildings mortgaged insured for 4450000 as collateral Total value of said mortgaged premises carried inside 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 1078712 Cash belonging to the company deposited in bank New York Security and Trust and Fourth National of New York Union National of Kansas City Market National of Cincinnati 3d National of St Louis Euclid Ave National of Cleveland Niagara Bank of Buffalo Anglo California of San Francisco 4th St National of Philadelphia Northern Trust Company of Chicago Merchants National of St Paul total Interest due and accrued on stocks not included in market value uncollected Premiums in course of transmission not more than 3 months due less commissions 53 7741 75 5979 16 47309 58 Total assets of the company actual cash market value 1183732 85 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and supposed losses 4 Total gross amount of claims for losses 7 Gross premiums without any deduction re ceived and receivable upon all unex pired fidelity and surety risks running one year or less from date of policy Unearned premiums fifty per cent 11 Total unearned premiums as computed above carried out 4657 18 225595 95 112797 97 12 Special reserve for contingent claims account re insurance of Missouri company 4657 18 112797 97 23687 24402 COMPTROLLERGENERALS REPORT 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 2552 00 23 24 20 Total amount of all liabilities except capital stock scrip and net surplus 143694 39 21 Joint stock capital actually paid up in cash 500000 00 Surplus beyond capital and all other liabilities 540038 46 Aggregate amount of all liabilities including capital paid up and net surplus 1183732 85 IVINCOME DURING THE YEAR 4 Gross premiums on risks written and renewed dur ing the year as shown in risk and premium exhibit item 2 above 6 Deduct premiums and bills in course of collection at this date 267326 28 49436 94 7 Entire premiums collected during the year 217889 34 8 Deduct reinsurance and re turn premiums 12926 32 9 Net cash actually received for premiums carried out 10 Received for interest on bonds and mortgages 11 Profit on sale of investment securities during year over book values 12 Surplus paid in at commencement of business 67 76 7440 74 7508 50 3 Net amount paid during the year for losses 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States and insurance department and municipal li censes 9 All other payments and expenditures viz rent con sulting attorneys furniture and fixtures printing and stationery telegrams telephones traveling expenses and sundries Aggregate amount of actual expenditures during the year in cash 204963 02 12653 08 426 66 500000 00 IS Aggregate amount of income actually received during the year in cash 718042 76 VEXPENDITURES DURING THE YEAH 1 Gross amount actually paid for losses oc curring in previous years 2 Amount paid on account of National Surety Company of Mo risks re insured 7508 50 18297 91 35601 70 5108 73 27833 42 94350 26COMPTROLLERGENERALS REPORT Business in the State of Georgia During the Year Fidelity Security Fidelity and surety risks written34000 00 19200 00 Premiums received gross 170 00 48 00 BUSINESS IX GEORGIA FOB YEAH ENDING APBIL 30 Risks Premiums Tax 403 Aggregate 53200 00 218 00 253240 00 444 99 4 44 THE NEW YORK PLATE GLASS INSURANCE COMPANY OF NEW YORK N Y 1 Whole amount of capital stock 2 Amount paid up in cash 100000 00 100000 00 IIASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 315850 00 12 Cash in companys principal office 2158 82 13 Cash belonging to the company deposited in bank Commercial Nat Bank 200 00 Real Estate Trust Co 3577 23 Knickerbocker Trust Co 15317 35 Total cash items 21253 40 17 Cash in hands of agents and in course of transmission premiums not more than three months due 38189 64 Total assets of the company actual cash market value 375293 04 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 4 Total gross amount of claims for losses 1005 50 1005 50 6 Net amount of unpaid losses 7 Gross premiums without any deduction received and re ceivable upon all unexpired fire risks running one year or less from date of policy 22170251 unearned premiums 50 per cent 110851 25 11 Total unearned premiums as computed above carried out i 14 Amount of dividends declared but not yet due 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 1005 50 110851 25 500 00 482 46404 COMPTROLLERGENERALS REPORT 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Commissions 1012025 return premi ums 70280 10823 05 Total 128162 26 21 Joint stock capital actually paid up in cash 100000 00 23 Surplus beyond capital and all other liabilities 147130 78 24 Aggregate amount of all liabilities including capital paid up and net surplus 375293 04 IVINCOME DURING THB YEAR Plate Glass 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 44617 09 4 Gross premiums on risks written and renewed during the year 275211 23 5 Total 319828 32 6 Deduct premiums and bills in course of col lection at this date 41043 56 7 Entire premiums collected during the year 278784 76 8 Deduct reinsurance and return premiums 58888 46 219896 30 9 Net cash actually received for premiums car ried out 11 Received for interest and dividends on stocks and bonds collateral loans and from all other sources 12725 23 12 Income received from all other sources omitting increase if any in value of securities 164 75 15 Aggregate amount of income actually received during the year in cash 232786 2 VEXPENDITURES DURING THE YEAR Plate Glass 1 Gross amount actually paid for losses in cluding 390203 losses occurring in pre vious years 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 271818 and all amounts actually received for reinsurances in other companies 65952 60 2718 18 3 Net amount paid during the year for losses 63234 42 63234 42 4 Cash dividends actually paid stockholders amount of stockholders dividends declared during the year 10000 00 6 Paid for commissions or brokerage 58530 98 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 32401 00COMPTROLLERGENERALS REPORT 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Advertising rents and all other expenses Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia During the Year Plate Glass written Premiums received gross Losses paid Losses incurred 405 17082 14 186673 37 32323 86 1004 55 177 20 177 20 THE PREFERRED ACCIDENT INSURANCE COMPANY OF NEW YORK N Y ICAPITAL 1 Whole amount of capital stock 100000 00 2 Amount paid up in cash 100000 00 IIASSETS 9 Total par and market value stocks and bonds owned abso lutely by the company carried out at market value 342947 04 12 Cash in companys principal office 4314 40 13 Cash belonging to the company deposited in the Merchants Exchange National Bank New York 147675 81 Total cash items 151990 21 15 Interest due and accrued on stocks not included in mar ket value uncollected 3968 25 17 Cash in hands of agents and in course of transmission 47760 20 Premiums in course of collection not over three months due 53239 88 599905 58 Deduct agents balances 47760 20 Total assets of the company actual cash market value 552145 38 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 19350 00 3 Losses resisted including interest costs and other expenses thereon 24500 00 4 Total gross amount of claims for losses 43850 00 6 Net amount of unpaid losses 43850 00 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 484396 74406 COMPTROLLERGENERALS REPORT Unearned premiums 50 per cent 242198 37 Premium reserve special 24303 50 11 Total unearned premiums computed above carried out 2b6501 Hi Total 21 Joint stock capital actually paid up in cash 100 23 Surplus beyond capital and all other liabilities 141793 51 24 Aggregate amount of all liabilities including capital paid up and net surplus B52145 38 IVINCOME DURING YEAR On Fire Riks 3 Net collected 131388 00 4 Gross premiums on risks written and re newed during the year 760730 08 Total 89L75808 6 Deduct premiums and bills in course of col lection at this date 70986 50 7 Entire premiums collected during the year 820771 58 8 Deduct reinsurance and return premiums 2578 81 9 Net cash actually received for premiums carried out 818192 77 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 8452 66 12 Income received from all other sources 120000 00 15 Aggregate amount of income actually received during the year in cash 946645 43 IIIDISBURSEMENTS DURING YEAR As shown by the Books at Home Office Deeember 31 Accident 1 Gross amount paid for claims excepting weekly indemnity 119660 00 2 Gross amount paid forweekly or other peri odical indemnity 217180 39 Total 33684039 Net paid policyholders 336840 39 4 Stockholders for interest or dividends amount declared during the year 6000 6000 00 5 Commissions or brokerage to agents less received on reinsurance 245569 33 6 Salaries traveling and all expenses of agents and agencies not on commission account 11394 27 7 Medical examiners fees and salaries 13200 00 8 Salaries and all other compensation of offi cers 12800 and home office employees 4314640 55946 40 9 Taxes on premiums property insurance de partment fees and agents licenses mu nicipal licenses and tax on franchise kept as one account 13228 77 10 Rent including 6600 for companys use of own building 6600 11 Legal expenses 3250 00COMPTROLLERGENERALS REPORT 407 12 Furniture and fixtures 191191 advertis ing 9200 printing and stationery 15750 26861 91 14 All other items 85152 70 Total miscellaneous expenses 467203 38 Total disbursements 804043 77 Balance 540611 65 Business in Georgia During the Year Fire Risks Fire marine and inland risks written 7572000 00 Premiums received gross 12902 00 Losses paid 10693 12 Losses incurred 10929 37 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks 7243000 00 Premiums n378 Losses 766100 Tax 11378 THE STANDARD LIFE AND ACCIDENT INSURANCE COMPANY OF DETROIT MICH ICAPITAL 1 Whole amount of capital stock 200000 00 2 Amount paid up in cash 200000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of incumbrances thereon 25713 62 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 325810 54 3 Interest due on all said bond and mortgage loans interest accrued thereon 18410 54 7 Amount of other loans 893025 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 235400 00 12 Cash in companys principal office 6911 27 13 Cash belonging to the company deposited 55617 86 Total cash items 62529 13 15 Interest due and accrued on bonds not included in mar ket value uncollected 3822 49 18 Bills receivable not matured taken for fire marine and inland risks 15 All other assets both real and personal 818 80 Premiums in course of collection 23662422 less com missions 5822544 178398 78 Loss not admitted 850918 98 Bills receivable15 Total assets of the company actual cash market value 850903 78408 COMPTROLLERGENERALS REPORT IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 22285 50 3 Losses resisted including interest costs and other expenses thereon 104150 00 4 Total gross amount of claims for losses 126435 50 6 Net amount of unpaid losses 7 Gross premiums without any deduction re ceived and receivable upon all unexpired risks running one year or less from date of policy 898445 32 Unearned premiums fifty percent 449222 66 11 Total unearned premiums as computed above carried out 19 All other demands against the company absolute and contingent due and to become due admitted and con tested 20 Total amount of all liabilities except capital stock scrip and net surplus 22 Scrip outstanding 24 Aggregate amount of all liabilities including capital paid up and net surplus IVINCOME DURING THE YEAR On Personal Risks On Liability Risks 1 Gross premiums and bills in course of collection at close of 1 ast previous year as shown by that years statement 151147 30 64532 69 2 Deduct amount of same not collected 41831 02 35769 65 3 Net collected 109316 28 28763 04 4 Gross premiums on risks writ ten and renewed during the year 723720 31 5 Total 883036 59 426879 21 6 Deduct premiums and bills in course of collection at this date 170650 87 65973 35 7 Entire premiums collected dur ing the year 712385 72 360905 86 8 Deduct reinsurance and return premiums 90582 74 26138 53 9 Net cash actually received for premiums carried out 621802 98 334767 33 10 Received for interest on mortgages 11 Received for interests and dividends on bonds 1067500 from all other sources 84394 15 Aggregate amount of income actually received during the year in cash 126435 50 449222 66 575658 16 200000 00 75245 62 850903 78 956570 31 14996 42 11518 94 983085 67COMPTROLLERGENERALS REPORT 409 VEXPENDITURES DURING THE YEAR On Personal Risks On Liability Risks 1 Gross amount actually paid for losses 319868 67 205663 07 3 Net amount paid during the year for losses 319868 67 205663 07 525531 74 4 Medical fees 768655 inspections 1287621 20562 76 5 Salaries traveling and all expenses of agents and agen cies not on commission account 49797 61 6 Paid for commissions or brokerage 238038 37 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 43587 10 8 Paid for State national and local taxes in this and other States including licenses 27815 57 9 All other payments and expenditures viz Rent 11 56618 legal expenses 1107936 furniture and fix tures 16110 advertising 943034 printing and sta tionery 1132290 miscellaneous 2263872 66198 33 Aggregate amount of actual expenditures during the year in cash 971531 48 Business in the State of Georgia during the Year Marine and Fire Risks Inland Risks Aggregate Fire marine and inland risks written 1369950 00 10000 00 1379950 00 Premiums received gross 17276 21 101 48 17377 69 Losses paid 12029 91 525 79 12555 70 Losses incurred 12029 91 525 79 12555 70 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks 903000 00 Premiums 21551 82 Losses 1025178 Tax 21551 THE UNITED STATES BRANCH OF THE THAMES MERSEY MA RINE INSURANCE CO LIMITED OF LIVERPOOL ENG ICAPITAL 1 Whole amount of capital stock10000000 00 2 Amount paid up in cash 1000000 00 IVASSETS 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 536732 50 12 Cash in companys principal office 11586 76 13 Cash belonging to the company deposited in bank National City Bank 31016 86 Total cash items 42603 62 17 Cash in hands of agents and in course of transmission 69224 00410 COMPTROLLERGENERALS REPORT 18 Bills receivable not matured taken for Are marine and inland risks 2285 42 All other assets both real and personal due from other companies for reinsurance on losses already paid viz China M Ins Co 13516 Firemans Fund Ins Co 3973 London Assce 48814 Mannheim Ins Co 5443 Prov Washn Ins Co 4407 Indemnity M M Assce Co Ltd 493 Standard M Ins Co 493 St Paul F M Ins Co 16387 Union M Ins Co Ltd 8800 U S Lloyds 1868 Western Assce 11282 1154 82 Total assets of the company actual cash market value 652000 36 vLIABILITIES 1 Losses due and unpaid 112127 00 3 Losses resisted including interest costs and other expenses thereon 25785 00 4 Total gross amount of claims for losses 137912 00 5 Deduct reinsurance thereon 30122 00 6 Net amount of unpaid losses 107790 00 10 Gross premiums without any deduction re ceived and receivable on all unexpired marine risks 77851 26 11 Total unearned premiums as computed above carried out 77851 26 19 All other demands against the company absolute and con tingent due and to become due admitted and con tested viz Commission and brokerage 651682 due reinsurance companies 2177651 28293 33 20 Total amount of all liabilities except capital stock scrip and net surplus 213934 59 23 Surplus beyond capital and all other liabilities 438065 77 24 Aggregate amount of all liabilities including capital paid up and net surplus 652000 36 IIINCOME DURING THE YEAR On Marine and Inland Risks 1 Gross premiums and bills in course of collec tion at close of last previous year as shown by that years statement 67439 58 2 Deduct amount of same not collected 3633 98 3 Net collected 63805 60 4 Gross premiums on risks written and renewed during the year 498637 02 5 Total 652442 62 6 Deduct premiums and bills in course of col lection at this date 73550 23COMPTROLLERGENERALS REPORT 411 7 Entire premiums collected during the year Cash 48664052 notes 225187 488892 39 8 Deduct reinsurance and return premiums 140822 63 9 Net cash actually received for premiums carried out 348069 76 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 348069 76 15000 00 15 Aggregate amount of income actually received during the year in cash 363069 76 VEXPENDITURES DURING THE YEAR On Marine and Inland Risks 1 Gross amount actually paid for losses in cluding 9021350 losses occurring in pre vious years 320205 71 2 Deduct all amounts actually received for sal vages whether on losses of the last or of previous year 1794397 and all amounts actually received for reinsurances in other companies 9826394 total deductions 116207 91 3 Net amount paid during the year for losses 203997 80 203997 80 6 Paid for commissions or brokerage 36262 10 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 8 Paid for State national and local taxes in this and other States 9 All other payments and expenditures viz Rent supplies etc 1910093 legal expenses 1100144 total 10 Amount sent to home offices during the year 38918 51 Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia During the Year Fire marine and inland risks written Premiums received gross Losses Paid Losses incurred BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Risks written during the year Premiums Losses Tax 21685 30 10200 30 30102 37 302247 87 Marine and I aland Risks 638806 00 1718 09 12 00 12 00 98 834152 00 2030 26 12 00 20 20 412 COMPTROLLERGENERALS REPORT THE TRAVELERS INSURANCE ACCIDENT DEPARTMENT COM PANY HARTFORD CONN ICAPITAL STOCK 1 Amount of capital Stock author ized 1000000 subscribed for1000000 00 1 Amount of capital stock paid up in cash1000000 00 Amount of net ledger assets December 31st of previous year 3429399 35 Extended at 3429399 35 IIINCOME DUBINa YBAB As Shown by Books at Home Office December 31st Accident 2 Gross premiums writ ten and renewed during year2268262 11 7728 Employers Liability 47 4 Entire premiums col lected 2268262 11 772876 47 5 Deduct reinsurance abatement rebate and return prems 33282 01 39403 95 a Net cash actually re ceived for premi ums carried out 2234980 10 733472 52 10 Interest on bonds and dividends on stocks 11 Interest upon other debts due the company and on deposits in bank 145531 24 4184 22 Total interest 14 Income from all other sources viz Profit and loss 2968452 62 149715 46 5024 01 Total income during the year 3123192 09 Sum 6552591 44 IIIDISBURSEMENTS DURING THE YEAR As Shown by Books at Home Office December 31 Accident 1 Gross amount paid for claims excepting weekly indemnity 439438 98 2 Gross amount paid for weekly or other pe riodical indemnity 680758 93 Emnlopers Liability 262141 04 Total1120197 91 262141 04COMPTKOLLERGENERALS REPORT 413 3 Deduct reinsurances salvages and recov eries on losses pre viously paid 432 14 Net paid policyholds 1119765 77 262141 04 4 Stockholders for interest for dividends amount declared during the year 75000 5 Commissions or brokerage to agents less re ceived on reinsurance 819483 99 6 Salaries traveling and all expenses of agents and agencies not on commission account 7 Medical examiners fees and salaries 29 15810 inspections 1043971 8 Salaries and all other compensation of officers 6000 and home office employees 79 13931 9 Taxes on premiums 3385667 insurance de partment fees and agents licenses 11 18035 municipal licenses 355278 tax on franchise 217145 10 Rent 11 Legal expenses 12 Furniture and fixtures 545644 advertising 2019774 printing and stationery 26 92258 14 All other items viz Express charges 628113 loss expense 3450656 ex pense 884154 exchange 163760 postage 1207139 traveling expenses 121872 total 75000 00 91173 36 39597 81 85139 31 50761 25 25271 93 88148 83 52576 76 64556 94 1381906 81 Total miscellaneous expenses 1391710 18 Total disbursements 2773616 Balance 3778974 45 IVLEDGER ASSETS 4 Book value of bonds excluding interest 140834308 and stocks 211276356 3521106 64 5 Cash in companys office 87703 deposited in bank 25699078 257867 81 Total 3778974 45 Total net ledger assets 3778974 45 NONLEDGER ASSETS 11 Interest accrued on bonds and stocks 35058 09 15 Total outstanding interest 17 Market value of bonds and stocks over book value Gross assets 35058 09 28048 88 3842081 42414 COMPTROLLERGENERALS REPORT t Employers Accident Liability Claims adjusted and not paid 10000 00 In process of adjust ment 27600 00 Known or estimated proofs not filed 26846 10 Resisted by company on its own account not outlawed 127721 44 Resisted for employers 299066 30 Aggregate of unpaid claims and expenses 491233 84 4 Gross premiums upon all unexpired risks running one year or less from date of policy Accident premiums 134960348 unearned portion 50 per cent 67480174 employ ers liability 64731095 unearned por tion 50 per cent 32365548 Total one year or less 998457 22 5 Gross premiums upon all unexpired risks running more than one year from date of policy Accident premiums 7802646 unearned premium pro rata 36736000 Total more than one year 367360 00 Total unearned premiums as computed above car ried outi 1365817 22 8 Salaries rent expenses taxes bills accounts fees etc due or accrued 85000 00 Total amount of all liabilities 1942051 06 12 Joint stock capital actually paid up in cash 1000000 00 13 Surplus beyond capital and other liabilities 900030 36 900030 36 Total 3842081 42 Business in the State of Georgia During the Year Kisks Premiums Losses Losses Amount at Risk Written Received Paid Incurred End of Year Accident 18418600 00 43078 20 27945 24 27945 24 11235346 00 Employers liability 237900 00 1576 82 145119 00 Aggregate 18656500 00 44655 02 27945 24 27945 24 11380465 00 BUSINESS IN GEORGIA FOE YEAR ENDING APRIL 30 1898 Risks 18262050 00 Premiums 45369 93 Losses 28367 09 Tax 453 69COMPTROLLERGENERALS REPORT 415 THE UNITED STATES CASUALTY INSURANCE COMPANY OF NEW YORK N Y ICAPITAL 1 Whole amount of capital stock 300000 00 300000 00 2 Amount paid up in cash 300000 00 IIASSETS 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 675000 less amount de posited to pay for taxes and assessments 18238 6567 62 4 Value of land mortgage exclusive of buildings and perishable improvements 10750 00 6 Total value of said mortgaged prem ises carried inside 10750 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 614347 81 12 Cash in companys principal office 8244 49 13 Cash belonging to the company deposited in bank as follows Bank State of New York 5113910 Central Trust Co of New York 404307 Old Colony Trust Co Boston Mass 195897 International Trust Co Boston Mass 40000 Mer chants National Bank Chicago 111 2 65869 Corn Exchange Bank Chicago 111 20000 total 60399 83 Total cash items 68644 32 15 Interest due and accrued on stocks not included in mar ket value uncollected 3831 32 17 Cash in hands of agents and in course of transmission 75136 22 Total assets of the company actual cash market value 768527 29 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense in cluding all reported and supposed losses 32300 00 3 Losses resisted including interest costs and other ex penses thereon 43125 00 4 Total gross amount of claims for losses 75425 00 6 Net amount of unpaid losses 75425 00 75425 00 7 Gross premiums without any deduction re ceived and receivable upon all unexpired fire risks running one year or less from date of policy 547810 47 Unearned premiums fifty per cent 273905 23 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 21348 32 11 Total unearned premiums as computed above carried out 290367 36 27c416 COMPTROLLERGENERALS REPORT 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Due to other companies for reinsurance 168090 amount voluntarily reserved for contingen cies 1000000 all other indebtedness 102418 12705 08 20 Total amount of all liabilities except capital stock scrip and net surplus 378497 44 21 Joint stock capital actually paid up in cash 300000 00 23 Surplus beyond capital and all other liabilities 90029 85 24 Aggregate amount of all liabilities including capital paid up and net surplus 768527 29 IVINCOME DURING THE TEAR On Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 116 42340 3 Net collected 116423 40 4 Gross premiums on risks written and re newed during the year 961675 38 5 Total 1078098 78 6 Deduct premiums and bills in course of col lection at this date 101482 71 7 Entire premiums collected during the year 976616 07 8 Deduct reinsurance and return premiums 288602 71 9 Net cash actually received for premiums carried out 688013 36 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 18292 99 12 Profit on sale or maturity of ledger assets during the year overbook values total 21998 44 15 Aggregate amount of income actually received during the year in cash 728304 79 VEXPENDITURES DURING THE YEAR 3 Accidentnet amount paid during the year for losses 154122 51 Employers liability steam boiler auto matic sprinkler and burglary risksnet amount paid during the year for losses 90235 34 244357 85 6 Paid for commissions or brokerage 165053 16 7 Paid for salaries fees and other charges of officers clerks agents and all other employees 112364 64 8 Paid for State national and local taxes in this and other States 13100 56COMPTROLLERGENERALS REPORT 417 9 All other payments and expenditures viz Rent 12 33335 legal expenses 143741 advertising 112972 printing and stationery 1650684 postage 614400 telegrams and telephone 246216 fees of directors 328000 miscellaneous 424117 profit and loss viz furniture and fixtures account 937729 accounts pay able 215994 agents balances repaid 116473 60236 61 Aggregate amount of actual expenditures during the year in cash 595112 82 Business in the State of Georgia During the Year EmployersLia bility Steam Accident Boiler Auto Eisks matlc Sprink ASaeSalt ler and Bur glar Risks Risks written 14528250 00 385000 00 14913250 00 Premiums received gross 15314 36 2003 01 17317 37 Losses paid 10748 75 1666 69 12415 44 Losses incurred 10778 06 1343 23 12121 29 BUSINESS IN GEORGIA FOE YEAR ENDING APRIL 30 1898 Risks 15184800 00 Premiums 19147 25 Losses 12697 06 Tax 191 47 THE UNION CASUALTY AND SURETY COMPANY ST LOUIS MO ICAPITAL STOCK 1 Amount of capital authorized 250000 00 Subscribed for 250000 00 2 Amount of capital paid up in cash 250000 00 Amount of net ledger assets December 31 of previous year 538992 80 Extended at 538992 80 IIINCOME DURING YEAR As Shown by Books at Home Office December Si Employers Fidelity Plate Steam Accident Liability and Surety Glass Boiler 1 Gross premiums un paid Dec 81 last year paid 110656 66 115729 92 21585 03 12630 53 2 Gross premiums written and renew ed during the year 360399 00 523281 44 131 50 98755 15 46806 29 Total 471055 66 639011 36 131 50 120290 18 59436 82 3 Deduct gross premi ums now in course of collection 114652 10 126087 67 22507 35 11519 27418 COMPTROLLERGENERALS REPORT 4 Entire premiums collected during the year 356403 56 512923 69 5 Deduct reinsurance abatement rebate and return premi ums 72831 78 101431 24 131 50 97782 83 47917 55 18797 28 8608 58 6 Net cash actually re ceived for premi ums carried out 283571 78 411492 45 131 50 78985 55 39308 97 8 Interest on loans on mortages of real estate 10166 64 10 Interest on bonds and dividends on stocks 11858 50 11 Interest upon other debts due the company and on deposits in bank 77 63 Total interest 12 Profit on sale or maturity of ledger assets during the year over book values 250 00 14 Income from all other sources Total income during the year 813490 25 22102 77 250 00 835843 02 Sum 1374835 82 2 IIIDISBURSEMENTS DURING YEAR As Shown by Books at Home Office December 31 Employers Plate Steam Accident Liability Glass Boiler Gross amount paid for claims except ing weekly in demnity 78557 47 25405 80 163 35 Gross amount paid for weekly or other periodical indemnity 141476 89 229278 87 Total 220034 34 229278 87 24405 80 163 35 10 11 Net paid poli cyholders 220034 36 229278 87 24405 80 163 35 Commissions or brokerage to agents less re ceived on reinsurance Salaries traveling and all expenses of agents and agencies not on commission account Inspections Salaries and all other compensation of offi cers 815000 and home office employees 3643497 Taxes on premiums 1254693 taxes on property 182522 insurance department fees and agentslicenses 523772 muni cipal licenses 97037 Rent including 436092 for companys use of own building Legal expenses 243824 82 19018 76 12186 41 44584 97 20580 24 4360 92 9715 49 473882 38COMPTROLLERGENERALS REPORT 419 12 Furniture and fixtures 29400 advertising 199645 printingand stationery 632360 8614 05 13 Losses on ledger assets actually sold or ma tured under book value 70 00 14 All other items viz Adjusting 2369807 general expense 1061624 34314 31 Total miscellaneous expenses Total disbursements Balance 397269 97 871152 35 503683 47 IVLEDGER ASSETS As per Ledger Accounts Shown by the Books at Home Office at Close of Business December 31 2 Mortgage loans on real estate first liens 174137 50 4 Book value of bonds excluding interest 283362 0 5 Cash in companys office 147043 deposited in banks 4471304 46183 47 Total 503683 48 Total net ledger assets NONLEDGER ASSETS 10 Interest due and accrued on mortgages 2551 42 11 Interest due and accrued on bonds and stocks 560 00 Total outstanding interest 17 Market value of bonds and stocks over book value not in cluding interest in item 11 Gross premiums in course of collection to wit months due Accident 114652 10 Employers liability 126087 67 Plate glass 22507 35 Steam boiler 11519 27 Unpaid Not over three Commissions thereon 34395 63 28458 60 6752 20 2379 81 Net Premiums 80256 47 97629 07 15755 15 9139 46 274766 39 71986 24 202780 15 Total net not over three months due Gross assets 503683 47 3111 42 9327 50 Total admitted assets 202780 15 718902 54 718902 54 VNONLEDGER LIABILITIES Resisted by Estimated Company on expenses In process of its own account incident to adjustment Not outlawed settlement Accident 6368 97 6512 00 Employers liability 9250 20 1037 00 69500 00 Plate glass 808 00 1 Total gross amount of claims 16427 17 7549 00 69500 00420 COMPTROLLERGENERALS REPORT 3 Net amounts of un paid claim account 16427 17 7549 00 69500 00 Aggregate of unpaid claims and expenses 4 Gross premiums upon all unexpired risks running one year or less from date of policy Unearned portion 50 Premiums percent Accident 164397 66 82198 83 Employers liability 360577 39 180288 69 Plate glass 80032 08 40016 04 Steam boiler 26814 53 13407 27 Total one year or less 315910 83 6 Total unearned premiums as computed above carried out 8 Salaries rent expenses taxes bills accounts etc due or accrued Total amount of all liabilities 12 Joint stock capital actually paid up in cash 250000 00 13 Surplus beyond capital and other liabilities 58828 94 93476 17 Total 315910 83 686 60 410073 60 308828 94 718902 54 Business in the State of Georgia During the Year Risks Premiums Losses Losses written received paid incurred Employers liability 305000 00 1795 79 1750 96 1750 96 Accident 858150 00 4862 65 1959 08 1959 08 7314 00 306 50 69 00 69 00 Plate glass Steam boiler 5000 00 25 00 Amount at risk Knd of year 251000 00 729420 00 7165 00 4950 00 Aggregate1175464 00 6989 94 3779 04 3779 04 992435 00 BUSINESS IN GEOKGIA FOR YEAR ENDING APRIL 30 1898 Risks written during the year Premiums Losses Tax 1180190 00 7508 23 5597 26 75 08 UNITED STATES GUARANTEE COMPANY OF NEW YORK N Y ICAPITAL 1 Whole amount of capital stock 250000 00 250000 00 2 Amount paid up in cash 250000 00 IIASSETS 1 Market value of real estate owned by the company less the amount of encumbrances thereon 1724 28 2 Loans on bond and mortgage duly recorded and being first liens on the fee simple 450 00COMPTROLLERGENERALS REPORT 421 4 Value of lands mortgaged exclusive of buildings and perishable improvements 1280 00 9 Total par and market value of stocks and bonds owned absolutely by the company carried out at market value 363150 00 12 Cash in companys principal office 54909 in hands of agent 17406 72115 13 Cash belonging to the company deposited in bank Chase Nat Bank 4655400 Merchants Loan and T Co 1082100 Tradesmens Nat Bank 116087 Knick erbocker Trust Co 348442 Western Nat Bank 64333 total 62663 62 Total cash items 63384 77 15 Interest due and accrued on stocks not included in mar ket value uncollected 3705 90 17 Cash in hands of agents and in course of transmission 10949 39 Total assets of the company actual cash market value 443364 34 IIILIABILITIES 2 Gross losses in process of adjustment or in suspense including all reported and sup posed losses 31418 44 4 Total gross amount of claims for losses 31418 44 6 Net amount of unpaid losses 31418 44 7 Gross premiums without any deduction re ceived and receivable upon all unexpired guarantee risks running one year or less from date of policy 85881 00 Unearned premiums fifty per cent 42940 53 8 Gross premiums without any deduction received and receivable upon all unex pired fire risks running more than one year from date of policy 6174 50 Unearned premiums 2383 35 11 Total unearned premiums as computed above carried out 45323 88 17 Due and accrued for salaries rent advertising and for agency and other miscellaneous expenses 525 00 19 All other demands against the company absolute and contingent due and to become due admitted and con tested viz Due for commissions 107480 reinsur ance 273416 3708 96 20 Total amount of all liabilities except capital stock scrip and net surplus 80976 28 21 Joint stock capital actually paid up in cash 250000 00 23 Surplus beyond capital and all other liabilities 112388 06 24 Aggregate amount of all liabilities including capital paid up and net surplus 443364 34 IVINCOME DURING THE YEAR On Guarantee Risks 1 Gross premiums and bills in course of col lection at close of last previous year as shown by that years statement 1284123422 COMPTROLLERGENERALS REPORT 4 Gross premiums on risks written and re newed during the year 142971 59 Total 155812 82 6 Deduct premiums and bills in course of col lection at this date 10949 39 7 Entire premiums collected during the year 144863 43 8 Deduct reinsurance and return premiums 41218 31 9 Net cash actually received for premiums 103645 12 10 Received for interest on bonds and mortgages 11 Received for interests and dividends on stocks and bonds collateral loans and from all other sources 15 Aggregate amount of income actually received during the year in cash VEXPENDITURES DURING THE YEAR On Guarantee Risks 1 Gross amount actually paid for losses 3321462 2 Deduct all amounts actually received for salvages 7893 90 3 Net amount paid during the year for losses 25320 72 4 Cash dividends actually paid stockholders 5 Scrip or loss on sale of stock under book value 6 Paid for commissions or brokerage 7 Paid for salaries fees and other charges of officers clerks agents and other employees 8 Paid for State National and local taxes in this and other States 9 All other payments and expenditures viz Office charges 393454 postage 362418 printing and stationery 313325 inspection 306172 law charges 70722 advertising 108245 rent 336968 Ins loss adj 2 36289 total Aggregate amount of actual expenditures during the year in cash Business in the State of Georgia During the Year 103645 12 972 66 12624 85 117242 63 25320 72 15000 00 12 50 14210 96 23297 00 1366 28 Guarantee risks written Premiums received 21275 88 100483 34 78900 00 460 60 bUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 Risks Premiums Losses Tax 87900 00 522 15 5 22COMPTROLLERGENERALS REPORT 423 UNITED STATES FIDELITY AND GUARANTY COMPANY BALTI MORE MD ICAPITAL STOCK 1 Amount of capital stock authorized 1000000 00 2 Amount of capital paid up in cash 805860 00 Amount of net or ledger assets December 31st of previous year 279025 99 Increase of capital during 1897 544660 00 Extended at 823685 99 IIINCOME DURING YEAR As Shown by Boohs at Home Office December 31st Fidelity and Surety 1 Gross premiums unpaid Dec 31 last year paid 3732 40 2 Gross premiums written and renewed during year 113505 54 Total 117237 94 3 Deduct gross premiums now in course of collection 31120 85 4 Entire premiums collected during the year 86117 09 5 Deduct reinsurance abatement rebate and return premiums 10306 50 6 Net cash actually received for premiums carried out 75810 59 9 Interest on collateral loans 1562 75 10 Interest on bonds and dividends on stocks and bank balances 4299 45 Total interest 5862 20 14 Income from all other sources viz Sur plus fund 800000 January 29 1898 surplus 5200000 60000 00 Collateral for security of risks 18847 38 78847 38 Total income during the year 160520 17 Sum total 984206 16 IIIDISBURSEMENTS DURING YEAR As Shown by Books at Home Office December 31st Fidelity and Surety 1 Gross amount paid for claims excepting weekly indemnity 1544 34 Total 1544 34 5 Commission or brokerage to agents less received on reinsurance 12913 58 6 Salaries traveling and all expenses of agents and agencies not on commission account 5794 57424 COMPTROLLERGENERALS REPORT 8 Salaries and all other compensation of officers 697999 and home office em ployees 1133388 9 Taxes on premiums 11334 insurance dept fees and agents licenses 786289 municipal licenses 4168 10 Rent 11 Legal expenses 12 Advertising 465093 printing and sta tionery 569182 14 All other items viz Sundries telephone telegrams brokers commissions etc 18313 87 8017 91 1575 00 1586 28 10342 75 14197 46 Total miscellaneous expenses Total disbursements Balance 72741 42 74285 76 909920 40 IVLEDGER ASSETS As per Ledger Accounts Shown by the Books at Home Office at Close of Business December 31st 1 Book value of real estate 33390 91 2 Mortgage loans on real estate 3579 49 3 Loans secured by pledge of bonds stocks or other collaterals 25900 00 4 Book value of bonds excluding interest 18150201 and stocks 24679750 428299 51 5 Cash in companys office 3097822 depos ited in bank 32882813 National Ex change 1861449 Bait Trust and Guar Co 709887 First Nat 26749112 Far Merchants 900000 Commerce 100852 Traders 37462 Western 100000 T Scott Son 1924053 Western Nat of New York 500000 359806 55 January 29 First Nat Bank 52000 00 6 Bills receivable 2129 14 7 All other items viz Furniture and fixtures 4815 00 Total 809920 40 Total net ledger assets 909920 40 NONLEDGER ASSETS 12 Interest due and accrued 6382 78 13 Interest due and accrued 288 76 Total outstanding interest 6671 54 17 Market value of bonds and stocks over book value not in cluding interest in item 11 5420 49 18 Gross premiums in course of collection to witCOMPTROLLERGENERALS REPORT 425 Not over Uopaid Net More than three months Commis Premiums 3 months due sion thereon due not carried in 947 10 Fidelity and surety 30173 75 5628 64 24545 11 Total net not over three months due Gross assets 24545 11 946557 54 DEDUCT ASSETS NOT ADMITTED 2 Furniture fixture and safes 3 Bills receivable unsecured 4815 00 2129 14 Total Total admitted assets 6944 15 939613 40 VNONLEDGER LIABILITIES Fidelity and surety in process of adjustment 4 Gross premiums upon all unexpired risks running one year or less from date of policy Fidelity and surety premiums 9745543 unearned portion 50 per cent 4872772 Total one year or less 48727 72 Total unearned premiums as computed above car ried out 11 All other liabilities viz Cash deposit as security for risks Total amount of all liabilities 12 Jointstock capital actually paid up in cash 13 Surplus beyond capital and other liabilities 91 78 48727 72 28649 68 805860 00 56284 22 77469 18 862144 22 Total 939613 40 Business in the State of Georgia During the Year Fidelity Surety Risks written Premiums received Losses paid 504125 00 2329 51 27 98 39789 00 239 00 Aggregate 543914 00 2568 51 BUSINESS IN GEORGIA FOR YEAR ENDING APRIL 30 1898 Premiums Losses Tax 27 3411 37 27 98 34 11TABLE No i428 COMPTROLLERGENERALS REPORT d is o a o B n o O O n a tJ CP d H 00 02 aj t ii z as a Ul H 2 H X a H r 11 M o 41 a s Q W i4 r o o H 2 4a z w J3 X D Z cq o a 0 o3 Oh a o o c3 a CQ 3 3 H H H 55 3 o a En o a 55 DMrccr 3 01 CO d C l o oi to to cc r f r o ci iO oj lv j i M r rh i 3tr O CO r o r xO CO CM ii I t Oi o CO osSoftooiooMcOCg2SpQ02se92ji2J OCTo COOIC CMoTf O CO O I 52 1 pi 2 eft S 35 o koi ci x t x c CM o au t m i J TfHROXCHCIN HtHCOiT CIiI M CO rJOTH rTrT io rteoTjD iCti iiii i eo to tpoa oi orriccNino U i 3 r 7 U r iiLiC xn x iO JO SSco3o5SSSwooTMfNo ototTf coo jT fTH CO 1H tTiH CO rTT CO N HN gSSaSBlS8iSSii8IS8iiPSSil llllWSlWSilSiliiSlRllRll il rH of r4 rTlO tjT TH Iffl HH ii Mrti zo co X m r t x o w HlMiOlOiOWOCCClOI OxTHTft n i s cj t Oi OJ N 0 0 tO Ol CO O X ifl P4 CO 00 1 s 1S isSsss 1 a P s1 sssss gas s 8 8 a s s CMToi H sJcO X iTtO K H lNI H Cic H oN Oi C1N JOOItHiCX CJ oi tf o rt oi COG C o c3 a a J oi o Stj 2 S HHKySa 3 32 Is as 4 CQ O O U C m s 5 v i o 7 m fl aa 2P sa A3 0J SIS o o 55 a 8 s a m 3T3 2 6 o a 3 ooS o O O C QCO C 5555WWWWJJJJCOMPTROLLERGENERALS REPORT 429 00NI0QcIO C0OC5o0XrC0TOtOO0XlSCX0 Nlogx cmtXXoiicI x 10 i t jo ioi a 3i co co oi 01 coo i x i i o o t 51 r co o rr x co 01 dcfthroro odd nCcTif tc v r t 01 o 01 x i x B ir r x f r1 O ihNcowo ti N co rr co co cn L b I l n 1 O rs c f II O iC 31 lit r H X O O l o O O w en H O uO f D O CO 1 CO 1 X 01 O j f l X O X X 1 O 01 X CO f OHXjOnrqLiTiTtXHf xwioo cw 00 to N wo wo eo cocorco or co xoorcCxioTcoixco ociodaicofr oico I lCI WTI Tl r 01 C f X iniXHrCC CO CO i t CO COOH CO X C t OMNOO r CO CO 00 r 0 rrTrHrlcirH TT rT rH T CO oT r T lTlHiH iT OMMOOCJOJOINbOM w o o cr to o o roo o o ih i o 01 o a 01 co co en o t ONMwTrMoriMxortioiL co cr o o o ooico iico 01 ejeo r co ci co r o owrxoaito oo M I I O CO Ol O C7i iT iCI I C O Ol CO O X cixh7 cc jz i 1 c i r y CG c HCN ilNHHr 5C0L CN Cln I r1 tDOO Ol rococ 1 CO Cl 0 i co i io co nNOC ii Il0 C00T 2 CO CV 1 O CO 0 rH iSO O CO oTio oFeD cTidcTiH oTtco odw i o o co co co fo x o L iTcTrcoNrH KseC to co O r 06 O O INIXfCCOdr tlortocoOiOiccirrMcoooocoooiico xooxixauiN o o x cr 011 o 01 c o co o x ho CM Oj U O N l Ol I r oio ei coco to otdaoiico xliffdH 0tioocick o co x cj o cc r o o r o i ti ct cr co x x t co i io c d o itcmo iTcn Noeoidiirr 5 S25 oCOC S 025 SsAfl w 8 I o o a oi c cj MS as f rff cm GO So s e o c 0 c S a J o J5 Baafcj56SSiiiKEdf33SSMt3430 COMPTROLLERGENERALS REPORT a o a o O a O a H 00 CO P s S OD OS 5 H m g o a OS a 13 tj u j H c5 a fl IS c3 H 3 o a o o a C3 a o air OT1 fr o CO o Cm oft o H Cm o o o w j O CO CO I i O CO SiQMQ r SO iftNto i2S rt Zi 33 SiSBltS ooQONooMoicoocafflTolfiN0rtovoe as a x iO oo i c co iO o h o 3i c i r i ic t rr co i m x J r co o i i 0 co rrx003 iocs i r co i co cc x x HOC i CM C cscsr COS O 5 1 CO coowtpoo coco t ct r c O r l iC X l iC l 0 lOOMCiO S3 ZJ S1 JCOCOnOtOMrtfliniOW S tO V CN rH cT tocoto rccxooco CM CM CM t t01iOCNHMWMONOWOfl C0C7CNri005Ie0C0liCC0iCiHOCCCOl5JCi0 o cm co y i cc X TCictooMh iONHbiococccoiNtis i crico riM cocoio xcc SrTico cm oftofoft cocouoco x oc in o to o cf tfco gfo i r Ncj35cs2555ec35o NaooxcnrrvftHcm cwsoso ototoiH co corTgooicxcvf xfcd osix xoh rcoo co iI CN 00 30 HCNn tH iIm i l0 X CM ri CM OS CO CD CO 0 CO CO rH H jj l CD O CO 2 OS iH CC I i r cc OCOCS MICOOSXOSCO NCCOCQOCCOOlOOCirCSHhiCftTNOOl lTXIT X JU f CiO r X CO M i T iO T OS cMMinxccc io v r io z xiocm oicm yo OCOofoio CO O eoocTiTirf X CO iCtHO CO tft m CO m i o co r i o I os x 70 cr x co co c cs tOSiOSXCOCOCOCOlLOScOCOCMCr OJ O CM fi O O lC ifi CD CO CO CM CS CM CM COlft 3 V c i cy a o O 0 o O fl 2 32 a S JiiccdcUrtcjJ il Sh w ch S w t iv c C t cucpDa3cDrHcicgcyo1SaC1Cl CJ0 j wis DC CCS Sis oi c O illiiilliliiiiil Cfefc s3si wS S s 3 d osi 3 s 3 s J g g g g 5 a 5oHc5BSSSaSESSzziBPHPH0DtHpPCOMPTROLLERGENERALS REPORT 431 a 00 01 GO as o a 5 V h 3 05 pq SO Cl a Hi e 93 15 o 14 a w o a 1 J3 CO 1 0 X H s a a 0 03 o d a o o U u cp 3 s L a 1 a a t V 3 0 s C0 o a S 3 lOiQCO CO iO o a r i q cc c t so i go OWH CO OS co co iO CO r C0O4 OHtaoioto3o OCOricfCNOrT 0 I O i O l O C c 71i cT 1 iJ p CN I o CO Z cooTo li M N iCN CO I0Q lOCOOMiOlft CC CO N CO it CN ta uS IifOOtOiOOcf MOG COCOfH ctcCrv i oi m oj 3 CO CO fHN001L5NN CO I CO X O CO r C 1 04 om r oj oi cr x i oj t oT o co c x y o 11 o cr O lO uc iO C O tC oo oo o iff to co OXOXNOlff CO to O I o 1 OI T CO X xj r o otrNCiirx oi O J OS OS 0 GO iI OOCCOOKi CN CO cri oToi irr hDOCOCD HrttOCJ 3 i0j OS oircc m 5 iO 3D iT r h iCIlTTOOGMfOf Cs O CO l a N CO M iC ic r r h r on it m CC OI O CCICnt ci cc rcxiO io f4 CN i cs co to uo oo X I f t O CO O iI N 15 ift CJ M Tf IJJ M O g r r x o roi oocoo pSexao io x cococo xlico f IX O O X CS 0 jLOOfcnicico I05WOiOhI m O CO X CO O cc r i x i o o h r en O0M ii 00 O0 t OI p CO CO CM iC Nif lOOlOCDOCiCI CNXCOOlOOOSOOOO CO O O O O 01 x oi j i co io o o qcojOiM CO o rn o OO o o CN Oo to jrococojHicm O X f 1 to CO OS f en io in co io c i i o l o O rf cs O r cs CO o iO CO oi CO o o i ii tH CO lO CN CS CO r O O O CO O CO CC CC X i 0m OI iO X X o o O F rf o H O A Cl o M T I CKC l X i C 1 O O iO 3 CC I M t CI CO C f 1 O OI O I1 H CO O 1 H O 1 H iO M OI iO CC O H r CN cc co r x cj y oi i Oi oi i o co co r o x oi tooi cn o oi cxc N T OI CO to r OXJH J ocicc V 3oTccioco oo foSif coi r mco oiooTooocococ 01 l iCS O iO r CO OI iC t O T OO irO iC lO T CO r rl CO inoT i i o lo co o o i en co in lO oo co xr t i oj tlO rTcNrTorcN Ol r CO 3 aJ 0 h SooosSt S Sr1 c ocs aiHrfc go of 0 S a SS i ic o55 o v2 y t3 3 2 a aS eg SSi O O CJ iSS j CO M i 5S 2 o Kpqa3WSOOaHlH3SgCHMH 432 COMPTROLLERGENERALS REPORT oo OS oo o CO a s J3 0 53 Tfl Ct 02 o J3 A H il ID cq a 1 CS H a S o O a o W a o i9reiqo jaqumx H 125 Ph 6 o o A fiooiooO0oJcmwi7iiiriLf XOIXrC i D C 1 O C 1 CM T SC iT5 to r 5 iQ O CKiirHiHCOfieCCMOCNCvleOiraOtCSSO CC X I OS tth t CO 1 L CM ITCQIOT CM I CO CO iiXSDCMiiIDyaTiilCOTTdOCOi1 CO CC CM T 1 CM O CO iI ocerotCfcoH N il ii M i co Tt ii tpy3tOCXJcOfflOcOOJOtCO3tOOtOO00a0CDtDNOy3aHD SQOOOOOOOOOOOOOO oaoooooooooooo NrOirrtHiCiOO NOJOtONin M IX rl Kl U ri M i oo o o o 10 at r KOicoWffi T olcoin io cmco h elvx 4 rliOCO CMCM i CM CO il il t iO I eo ur ti X CO MiOHCiMOCCd ncistfr oo o r cm xootn a oo f o r c cr c NO CWKOQ0HWClNDCiaocCK x o i r C I iO CM IZ O CM X jco OQooeirooDO o tHtTx X CM M CO iH HOIflMDngn X CM 0 CT SOrIMOf OODMrlJlLTHOJ ij35iCf OOic CM O CM 0 0300 0 000000000000 OOOOOOOiOOiOOOOOOOOOO fi t o POfl S3 wflfl O W Oj jj 1CJJCOCOCmiOW co t co cr to mohVioVco O riP o x o xcj t x OiOOOH gnnOlNCOM X C OTOH COaQlOOiftiM iC r r x t iO tCOCOOilOCMCO CM r4 OS CM CM SO o IT it0 snxHwx t h T t t w E3 iaa ii Chm t i 3 5 r 0J0oiciSccjoaajtiiOtiaacjoHaJCCGaccaicoiJS as 1 01 o a a I o p a a i 5S o o c uqou o 6 KI SSS S to 2 o t a hoooooawK 9 CL Ih 32 OJ CD O O 33 o c d oj MM gM c o Sccc1JStGdrCJ3jO 2 o 1COMPTROLLERGENERALS REPORT 433 638 13 35 66 396 91 72 74 597 17 490 16 455 37 642 97 746 40 539 24 106 10 790 53 427 07 91 40 2897 14 238 02 409 60 251 43 409 84 125 45 384 10 309 58 218 06 eft o r CO a Cl 430 93 245 26 309 71 7 14 476 37 290 16 317 77 486 17 532 00 380 04 3 noioxonca5 QQ lc WlCO CO CO l NhM MfNrt CO CO X yr o o c jc o tc c c o5o o o o OOCCCCrOOOOCOOOOOOOCrT OOCOOOOOOOOOO OOOOOOCOOOO w r o C O tC O w O O O 5D tD C C i fiorix co ccrofcic c co m osojMax t CO Cl ii CO I iC I lO CO 71 H MNCiiNiflH i r ffi iHX r cm cr iiHtHToo o ci o wo i x co c1 ec i O T Cl CO 1 I 7 I 1 Cl pcccvtr3rxtcs CO C TfCO x x Cl H OI 3 CO iO IO rt M Ci T iO Cl f o c t X C co m ico co h co uOj l r o rH r ic co co i i oi cc 01 C M CO CC C CC Cl 7i O Ol 00 t M f ic C r cmffii r en cs im C5 V I CD C C C h t i 1 01 i tikcT jcoi cJitTtjcoco cor co co co t eo x iihci ii oi co riii cj r co i o COlO OICiCOTHOQXCO T O I CO CO X x oi x eo r co r r to SsaSSSSS S8S88888S888 C ga oi c co y ici ci i rr ck icii oi oi co en 3i to i cc i C CO lCC CO i oi RHJ J Sid 5 jrf oii j JO OC 2 5 ex tx be S S J o o c Z z v o s pasiig5DgS cfl ij x eo x P c o o a R 3S 35 I 2 E o S o WJWOfcS5 g i S 8 3 1 i a i E S o a i 6 a r x x k oi i388 J 2 S S 8 S ji 2 be J3ooo04i3 k i Sq 55 o Ph 0 ii Cl o Ch ctf y yj m 7j ry x i 434 COMPTROLLERGENERALS REPORT co CO o to bo a a s 03 55 o fh fc co 0 H a C3 il Oh CQ d O O H a o a S3 o 03 a c o 5 e ft x o o s c o h o ffi c n r woi c o i iti i x x x x t x v r Xii iO CO CO M TlNXClnffiiM ii it C3 NLlTC p H rN 1 M 7i no iionirXT liS M N tH Ttiiil OH XCCH OC CO rT rt lO lOC tr X tiiin OlOerTKlHTXO OC il Kt CO O Cl CO W l c J t 3 O O 1 WWWi I W uwuuuuuwuu tC O SC 5C MD0DOXtO0SOtOOlC CO HHHHrHHHiHHrlM COrFHHHHTTirHnn a o O y C OS 3 E O C 3fe C O H Z l M a o o o fe M O T X r I N ND N SO C HWcoixr COOOOOOOOOOOQ OOOOOOOOOOOOO i to io to co a m o eo C5 CO OJ N t G i 01 oo ii co iO O iH r ir r M OiCOCOiixioomo iO t o x os i1 x u L0010 in co to im t rci x I l t CO iI OS tI CM hiCOOit i XOXtJ X f L X N O C ffl iC l CO iI Tff iT X i Ol CO 01 l N OS O t L OS CO lO i i iiiii i t rtCJIMH lO Ol 0 ri OtIO hQQOQ OSiO S OOtHiOOOOOJO ONf OCIXiRO CXKhCIOCOO Tcoioco 5cl0 Oorif00oJ I 7 X x o oooo o o ooo coco xcriG 00 o Ol CO 0 n rt co x corosiio oio hcTi lOOJOl rt ImICHXI iiraoioro ti xooxi o i i y x eo o o joc io no ci ci x w w v iaja w cj f ct xTic iff io coto ih r oTco 01 yTx CO 01 01 CO I CO I V T 01 X lO Ol X Ct ii t5C OS i cmcc ri co cc hco oi t O 0 1 04 T CO C if OS 01 C C Q H S CO iH 1 T Ol ii iro tt co co i oi co ii os j t t t OJHHH e3 60 i 5 jSijS 3 U J5S i SP OOZZ5HE5aiiiSgs3zii3zSaoZOZ a g 5 s c oil t nj r S 3JJ 3 c 3 4 2 a t 51 WC a aCOMPTROLLERGENERALS REPORT 435 o H co os CO o CO bJD u 53 OJ OJ 02 CO IS O O 0 o p a OJ 3 o Q 03 c x O be 02 ed unouiv jo joqccmv Cu o o o w C O C M ifi M i O O t CT t C O X X N 3 v 1 O CO KSioSSKnKKjwrfXKWXffiL to to o ffl O o a c x a x 5 c 71 a O 5 c s c a a c o ooorooooo OO OOOOOOOg iOO000000000 J v o oosoo O0eOtOOOOStC i TO M 01 I O iO foe5 ls JO JtJl0TCCrI K o IlftOlOMO M M 30M TO cmi i c m o i oj 8 cs q5xS 83 m io o i i x lOXBOXTIOn Oo MM T1 C O O otct i o n x M i o X 2 u o o o o o 5 O00 O ao u ox go o S o i r n oo i i JO OOO iooo o o to o TTl O CO lO N M t oi x H s a a 5 o t a a w o 0 B en tjjo oo 5T B O O S S a ois 3 otfOm s 5 O S a S S 0 25 iS SB S J SS 3 vo sill j 6JH o J t30 s 5 3 X i i 5 5 S 3D gJ C x ti fe a 5 O rt H 5 5 qj r o a a S 5S 3 i 2 5 E O L u 3 O C 3 la Tr mSMSowEooBKsSa rt 0 D u c 3 r k u436 COMPTROLLERGENERALS REPORT co CO o CO a a a OJ J3 a 03 s o O O o co h 3 1 W J CD CQ CS S H T5 a 03 3 CO 8S 3 Q a 5 CJ o oj a eq a CO jo jaquinsj o vO a a d ass s t o o a1 egs f H P o o fa o f CS t N x X iWiOOfflcciX v h x r o cs r CO co X HH COCM rH il ri iN QtO r HinKOi mcn 5a TDH i O 1 ii O M CM go eo ira o co OOQO o o o o a o c c a o o oo a c wa co o ffl cc to tflBOBCJBOiersacaotDtctDs jOXTJ O CO CN 0 oo c jOooqo 0OtOXXXODXXrOOT I CM CN l O f Cl I r IONOlH 5 o m o cm r ico oTrfT H 3n 1 rl il 5 O CO w a O co as o i oo so o r TH Sj JC cm ede ic oi CO I CT OS CO I O 1C T C CO OS lQ O 1 i l CO I X lO CJ liTiO oxo o or TO Tf OttOOWMOSOH C t C c ic jt rcc oo VtftOM corTcNrso cT CJCCCCIO o i o o o M I l o io to r CO CN 55 C i o x oT acnx q r 3 co tH hthmoimo go j co o o co m to iTrcTir rco rH CM rH OOOOCMOOOO Mroooocs N03HOKOH rf co ro of 3 t o MiSr3SOXCP iNtNCXtNH rH C 3 ocgoicQ coroaJosooDawucoaj m3 jj k9 gjOQ 2d aj tj C G z rt aj cS 3 U y c h s a oj a bes s cl o 3 rCQ CO fl rt 1S a a age opt 22 05 S cfi EsS225a P5WfafaOO a rf j ce52 a o a 3 b a v3 a 5COMPTROLLERGENERALS REPORT 43 o H H o o a a o3 a a 03 a o a rJ3 H 03 CO PQ o 5 3 3 O Q m 3 03 a o O o fl 03 a O Q a o a o a CO XTX O o o o o o ooo JOUBIIO Sank iH iH I t iH OO e 4 OOOOO o O O O O o jnaraajiiig Sutim OtOtOCOtO o lH H I iH i1 CO ae to o o o o o tO tfi tj CM imonry CTM CN CN CN Co s w t ri iH iH iH CO sjnaSy iaqnini X COO Ol ii CO iO CD CO O MJVOCO S incNf SDITqipiIOdxft ccococd Clc ct co f1 CO eo n CO Mii 1 W CC I CO 1 c COO CN CO CO CO co tor j CO CO si e t sidpo9H OOCOtCn of oOiTrf 5 i no co iO iO n CD iC CN CN f r to yiO in CD O Oi CO 3 o CO Htfi CO 1 o ao m co ss t CR snidjng iH CO 1C co o sn c 11 r hi o i tl w l wH CN CM C eg CO CO CO T G co co cn ii ir CM 1 O irj j O X C5 TT i sanJUqBri tD 31 tt rH C O lO X iO T TT CN 11 Tl w w f CCXCif N a i x CN iQ to c i1 CO CO CO SJ 9 Swtc X SJ3SSV ToTrT to y s coco to 1 UCJrP ri O CN H m H c lM j t fH ti O 3 o c KfH fe fe o i XX xx CU M t r hw c J h z Ph W o u fc 525 o o w V x 2 Zi IH 3 2 o a tu D O 2 03 0 o c g H O rH rt 438 COMPTROLLERGENERALS REPORT a 03 X a ri T3 a p S3 o u qj o p as i 35 05 in Ol p 35 fc v W a h1 ai 9 CO OS H 3 IN W OS moj XBX S33 JO UTIOIXIV SU8V 01 sassoq SUIUTUI9IJ lOJOOiOCCNiOtHOCSCOCCCOfOQW HOCOCONHtiOONCOIMCONCOCiOiOCOi NONMCQ0NM0OMCOOOOON CO CD OS CD CD CM O OOOC0OC0OOlJ i OS 00 ii CD OS CO 0 CO l OS tCO i wihOSNN r ii ii ooscor iI CM ri CM CM CM CM f ii CD O OS CO 00 i 00 Tf CD C3 CO tOJOlNOriNMOOW iff io 00 iO t IT CD CM i CO OS rpCOHGOtNX00iOCOI lO lOlOO CO CO C1 r LC i o ocd cm CM it ooooooooooooooooooooo CC t t CD CC f ICD 1 CM J IT i t OO i tOr O CO b M CO C CO CO CC N CO iO t JOOOONMi COfCDOCCONOCWCOCOCOHCOtNO c5ocOitCMicDicoicMOco w o co 13 1 ri m rh O ii O Th CO M CO CD CM 00CO CD I CO O CM OS LQHH lO t1 ccj J GO CO u fcUD a o CD a o a P8JT1SUI luuoray lOOMX CD CO CD lO CD ii O CO O tM O CM ii CO CM ri 00 cm co 5 CM CO CM f X CO CM CM CD rp Tfi CD ii iTco cTcd CO 00 I I oc rczToT OS ic c lO LO OS X CM CM OS o iO t CM0C os cir lOirH OS ii NOCOCO CM CO tji CMrt lC CO CO h o m h lOCC o cDlorC CM X iO CM NOOiO t C I CM CD CO CM OS occoo CO OS CO o NTriH CD CO O CO lO 00 lO I CM CM ii O I Cf io co txoo CO CD CO S3 m 03 5g CD hj 0 D CiCOh CD O CD OS CD iO ii O cococToo iO iO OS o O CO il ii XOOCOOSCMCO rHTpCCSCMOSO CD CM ri f CO ii COLOiOONCO NCOOOOOOliO tcno1 io o co co N O C w t GO CO C OS CM OOOCOCD cd cm co cd co T oT OSlOCOStJItPtP Tt 1 iH O I rt COCOiiCMOSCMCO IO i f X ION i CO ttCDCtCOO0 iTicoocio cdio rC CQCOClrLCriO hOSCMtHtCOCMi WOOh OO o o too 00 i t t co os CD OI O oo M 1 O cooTTtT 5TftCO 5 t Tj t O i O CD iO CO O co O 00 lO QCf CD CD CM t CO 00 OS oc 2 S S C o oS g C a T3 O P M 03 see ST3 a 03 03 a oC O OS IB 8 8 CT3 35 c c QC CO X cc 0O 00 CC CO O c 03 0 0 oo 2 o3 5 S sag S o o 3 O o 03 3J 1 IO IO 05 M iONNN Q 3 S s a c p a us no o3 o3 0 P C 9 s 03 C C5000 o CC 35 35 C5 00 CO CO CO CC aas a o3 oS o S a 5 o ii o s CD C a CD O U CD Q y O o i OS o OS OS OS 00 X X CO CO H CM CM CM CM CO OS O OS OS OS Oc CO CC U0 CC CC cc OC CO Of OS OS OSCOMPTROLLERGENERALS REPORT 439 CO tOOOONOKNCC2i2Si0m22 OS h a n n f x O t 2g3feSSoStDSSi n eo so eo so 10 1010 in oc totoai c 5 10 a 0flliMNCOrtQOMiOHOiCCOCOWM CO Cl rcOoiioorccccicMcogcooicO gfrfg2jV 55gfrt S CJ o o o o o o o o o q o o o o o o o o h o c oo o f c oo o f c n c n n w x a T rT 6 c4 rH CD rT rT rT L C0 r7 l rT rl rH h so o G CD iO r so cDOfMWOittiNOPOiOlcDiOOO as cs oo r l o i lo o o orrrHrgri ttCDThirH iWh CO CO tCONn O X iC O O C M p h m o i cc C OS eoos os ico cT co liO0SrC0C0CQO o cc tM r ii CS 00 CO CO F r CO CS CO cs co r l Ol Tfco ci cs so as O T iO O l M l r co r cs o r io 3 i o1 of cc to crT SO I f CO 1 iC 20 h as co oi Tt as t oj i Ol i Ol NiftOOOlffiOOO cD rt lO CO OS OS as oi Ttcci co cdoo ThT os o cs co so co io cs co co as r o N O Ol H CO CO i iTioof raOX H 0 ii HMH CO as so ic io i a os f oo co co CD NlXf rn CS lO CS CO CD Th x o sa ft O CO iO CPOHH o co co r ofsfcs ii o co co as r go oc co as CO t as WO o to f r as oo N C CO co ic as io CS t CO en r CO iO W OS CS CO O CO Ol CO t CO CO oo O S aioi CO CO CO Ol r N f M cf aso CO CO iO r GO CO CO I ooo t as oo o ClXrHSO S33 h S a O o i o ois o o 3 a0 a 3 a S 0J o u a g a iOIO I Ol GO 00 f CT Ol CO CO a p 0 a a rt 7 CS r c 0 e a a a B 03 a 0 0 o 0 c 0 u u 03 X D Cv Ck oi tml 3D CD CO l h CO CC CO CO CC X CO a 9 cj a c s o C a a a a cd 0 O u as as CO OO I CO 0O 0O GO CO as os os os os os CO CO CO 00 CO COINDEX A ETNA INSURANCE COMPANY HARTFORD CONN Statement of for 1898 1518 ETNA LIFE INSURANCE COMPANY HARTFORD CONN Statement of for 1898166171 ACCIDENT DEPARTMENT ETNA LIFE INSUR ANCE COMPANY HARTFORD CONN Statement of for 1898363365 AGRICULTURAL FIRE INSURANCE COMPANY OF WATERTOWN N Y Statement of for 1898 1822 AMERICAN BONDING AND TRUST COMPANY OF BALTIMORE MD Statement of for 1898369371 AMERICAN CREDIT INDEMNITY COMPANY OF NEW YORK N Y Statement of for 1898 371373 AMERICAN FIRE INSURANCE COMPANY OF NEW YORK Statement of for 1898 2224 AMERICAN MUTUAL INDEMNITY COMPANY SCR ANTON PA Statement of for 1898301302 AMERICAN SURETY COMPANY NEW YORK N Y Statement of for 1898366369 AMERICAN UNION LIFE INSURANCE COMPANY Statement of for 1898171171 ATLANTA HOME FIRE INSURANCE COMPANY OF ATLANTA GA Statement of for 1898 2527 ATLANTA MUTUAL LIFE INSURANCE COMPANY OF ATLANTA GA Statement of for 1898302304442 INDEX B BANKERS GUARANTEE FUND LIFE ASSOCIATION ATLANTA GA Statement of for 1898304306 BANKERS LIFE INSURANCE COMPANY NEW YORK N Y Statement of for 189830630 BANKERS MUTUAL CASUALTY COMPANY DES MOINES IOWA Statement of for 1898373375 BRITISH AMERICAN ASSURANCE COMPANY OF TORONTO CANADA Statement of for 1898 2730 BRITISH AND FOREIGN MARINE INSURANCE COMPANY OF LIVERPOOL ENGLAND Statement of for 189875377 BOSTON MUTUAL LIFE ASSOCIATION BOSTON MASS Statement of for 1898309311 C CALEDONIAN FIRE INSURANCE COMPANY OF EDINBURGH SCOTLANDTHE UNITED STATES BRANCH Statement of for 1898 3032 CHICAGO GUARANTY FUND LIFE SOCIETY CHI CAGO ILL Statement of for 1898311313 CITY TRUST SAFE DEPOSIT AND SAFETY COM PAXY OF PHILADELPHIA PA Statement of for 1898377 379 COMMERCIAL UNION ASSURANCE COMPANY LIM ITED OF LONDON ENGLAND Statement of for 1898 3Lr CONNECTICUT FIRE INSURANCE COMPANY HART FORD CONN Statement of for 1898 3911 CONNECTICUT INDEMNITY ASSOCIATION WATER BURY CONN Statement of for 1898313316 CONNECTICUT MUTUAL LIFE INSURANCE COM PAN OF HARTFORD CONN Statement of for 1898171179INDEX 443 CONTINENTAL INSURANCE COMPANY OF NEW YORK Statement of for 1898 3538 D DELAWARE INSURANCE COMPANY OP PHILADEL PHIA PA Statement of for 1898 4144 E EMPLOYERS LIABILITY ASSURANCE CORPORA TION LIMITED ENGLANDU S BRANCH Statement of for 1898380382 EQUITY LIFE ASSOCIATION STAUNTON VA Statement of for 1898316318 EQUITABLE LIFE ASSURANCE COMPANY OF THE UNITED STATES OF NEW YORK N Y Statement of for 1898179183 F FIDELITY AND CASUALTY INSURANCE COMPANY OF NEW YORK N Y Statement of for 1898383384 FIDELITY AND DEPOSIT COMPANY OF MARY LAND Statement of for 1898384387 FIDELITY MUTUAL LIFE ASSOCIATION PHILA DELPHIA PA Statement of for 1898318321 FIRE ASSOCIATION OF PHILADELPHIA PA Statement of for 1898 4446 FIREMANS FUND FIRE INSURANCE COMPANY OF SAX FRANCISCO CAL Statement of for 1898 4750 G GENERAL MARINE INSURANCE COMPANY OF DRESDEN GERMANY Statement of for 1898387388 GEORGIA HOME FIRE INSURANCE COMPANY OF COLUMBUS GA Statement of for 1898 5052 444 INDEX GEORGIA SICK AND ACCIDENTAL BENEFIT ASSO CIATION ATLANTA GA Statement 321322 GERMAN AMERICAN FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1898 5254 GERMANIA FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1898 5557 GERMANIA LIFE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1898183187 GLENS FALLS FIRE INSURANCE COMPANY OF GLENS FALLS NEW YORK Statement of for 1898 5760 GREENWICH FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1898 6063 GUARANTEE COMPANY OF NORTH AMERICA FIRE INSURANCE COMPANY OF MONTREAL CANADA Statement of for 1898388390 GUARANTEE SAFETY FUND LIFE ASSOCIATION MACON GA Statement of for 1898322324 H HAMBURGBREMEN FIRE INSURANCE COMPANY OF HAMBURG GERMANY Statement of for 1S98 6365 HANOVER FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1898 6568 HARTPRD FIRE INSURANCE COMPANY HART FORD CONN Statement of for 1898 6870 HARTFORD LIFE INSURANCE COMPANY HART FORD CONN Statement of for 1898324327 HARTFORD STEAM BOILER INSPECTION AND IN SURANCE COMPANY OF HARTFORD CONN Statement of for 1898391393 HOME INSURANCE COMPANY OF NEW YORK Statement of for 1898 717aINDEX 4C HOME FRIENDLY SOCIETY BALTIMORE MD Statement of for 1898327329 HOME LIFE INSURANCE COMPANY OP NEW YORK N Y Statement of for 1898187192 I ILLINOIS LIFE ASSOCIATION CHICAGO ILL Statement 332335 IMPERIAL FIRE INSURANCE COMPANY LIMITED OF LONDON ENGLANDU S BRANCH Statement of for 1898 7476 INDUSTRIAL AID ASSOCIATION ATLANTA GA Statement of for 1898330332 INSURANCE COMPANY OF NORTH AMERICA OF PHILADELPHIA PA Statement of for 1898 7679 IOWA LIFE INSURANCE COMPANY SIOUX CITY IOWA Statement of for 1898193197 INSURANCE Names and postoffices of authorized agents 613 Names of special agents 1898 14 Names and postoffices of Fire Insurance Companies authorized to transact business 1898 3 Names and postoffices of Life Insurance Companies authorized to transact business 1898 4 Names and postoffiees of assessment life and accident companies authorized to transact business 1898 4 Names of other than life or fire insurance companies authorized to transact business 1898 5 Companies doing business through brokers and who make no deposit with the State 45 Companies doing business in 1897 that have withdrawn 5 INSURANCE COMPANIES FireGeneral Condition428429 Old Line LifeGeneral Condition 430 Accident Casualty Surety and MarineGeneral Con dition 4B1 FireBusiness 432433 Old Line LifeBusiness 434 Assessment Life and AccidentBusiness 435 Accident Casualty Surety and MarineBusiness 436446 INDEX Fire doing brokers businessGeneral Condition 437 Comparative business of insurance companies from 1889 to 1898438439 LANCASHIRE FIRE INSURANCE COMPANY OF MANCHESTER ENGLAND Statement of for 1898 7981 LION FIRE INSURANCE COMPANY OF LONDON ENGLAND Statement of for 1898 8184 LIVERPOOL AND LONDON AND GLOBE FIRE IN SURANCE COMPANY OF ENGLAND Statement of for 1898 8487 LIVERPOOL AND LONDON AND GLOBE FIRE IN SURANCE COMPANY OF NEW YORK Statement of for 1898 8789 LONDON ASSURANCE CORPORATION OF LONDON ENGLAND Statement of for 1898 8991 LONDON AND LANCASHIRE FIRE INSURANCE COMPANY OF LIVERPOOL ENGLAND Statement of for 1898 9193 LONDON GUARANTEE AND ACCIDENT COMPANY LIMITED OF LONDON ENGLAND Statement of for 1898390398 LLOYDS PLATE GLASS INSURANCE COMPANY OF NEW YORK N Y Statement of for 1898393395 M MAGDEBURG FIRE INSURANCE COMPANY OF MAGDEBURG GERMANY Statement of for 1898 9490 MANCHESTER FIRE ASSURANCE COMPANY OF MANCHESTER ENGLAND Statement of for 1898 98101 MANHATTAN LIFE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1898197202 MANHATTAN FIRE INSURANCE COMPANY OF THE CITY OF NEW YORK Statement of for 1898 909SINDEX 447 MARYLAND CASUALTY COMPANY BALTI MORE MD Statement of for 1898398400 MARYLAND LIFE INSURANCE COMPANY BALTI MORE MD Statement of for 1898202207 MASSACHUSETTS MUTUAL LIFE INSURANCE COM PANY SPRINGFIELD MASS Statement of for 1898207212 METROPOLITAN PLATE GLASS INSURANCE COM PANY OF NEW YORK N Y Statement of for 1898398400 METROPOLITAN LIFE INSURANCE COMPANY OF NEW YORK Statement of for 1898212216 MICHIGAN MUTUAL LIFE INSURANCE COMPANY OF DETROIT MICHIGAN Statement of for 1898217221 MUTUAL BENEFIT LIFE INSURANCE COMPANY NEWARK N J Statement of for 1898221226 MUTUAL LIFE INSURANCE COMPANY OF LOUIS VILLE KY Statement of for 1898226230 MUTUAL LIFE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1898231235 MUTUAL RESERVE FUND LIFE ASSOCIATION NEW YORK N Y Statement of for 1898335337 N NATIONAL FIRE INSURANCE COMPANY OF HART FORD CONN Statement of for 1898101103 NATIONAL LIFE ASSOCIATION HARTFORD CONN Statement of for 1898338341 NATIONAL MUTUAL LIFE ASSOCIATION ST PAUL MINNv Statement of for 1898341343 NATIONAL SURETY COMPANY OF NEW YORK N V Statement of for 1898401403448 INDEX NEW ENGLAND MUTUAL LIFE INSURANCE COM PANY BOSTON MASS Statement of for 1898235239 NEW ENGLAND MUTUAL ACCIDENT ASSOCIATION BOSTON MASS Statement of for 1898345317 NEW YORK CASUALTY COMPANY NEW YORK N Y Statement343345 NEW YORK LIFE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1898210241 NEW YORK PLATE GLASS INSURANCE COMPANY OF NEW YORK N Y Statement of for 1898403405 NIAGARA FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1898103105 NORTH BRITISH AND MERCANTILE INSURANCE COMPANY OF LONDON AND EDINBURGH U S BRANCH Statement of for 1898108110 NORTHERN ASSURANCE COMPANY OF LONDON ENGLANDU S BRANCH Statement of for 1898110113 NORTHWESTERN LIFE ASSURANCE COMPANY OF ILLINOIS Statement of for 1898318351 NORTHWESTERN MUTUAL LIFE INSURANCE COM PANY OF MILWAUKEE WISCONSIN Statement of for 1898244249 NORWICH UNION FIRE INSURANCE COMPANY OF ENGLAND Statement of for 1898100108 ORIENT FIRE INSURANCE COMPANY OF HART FORD CONN Statement of for 1898114llttINDEX P 449 PACIFIC FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1898117119 PACIFIC MUTUAL LIFE INSURANCE COMPANY SAN FRANCISCO CAL Statement of for 1898249254 PALATINE INSURANCE COMPANY LIMITED OF MANCHESTER ENGLAND Statement of for 1898119121 PENNSYLYAXIA FIRE INSURANCE COMPANY OF PHILADELPHIA PA Statement of for 1898122124 PENNSYLVANIA MUTUAL LIFE INSURANCE COM PANY PHILADELPHIA PA Statement of for 1898254259 PHCENIX ASSURANCE COMPANY OF LONDON ENG LANDU S BRANCH Statement of for 1898124120 PHCENIX FIRE INSURANCE COMPANY OF BROOK LYN N Y Statement of for 1898126129 PHCENIX MUTUAL LIFE INSURANCE COMPANY HARTFORD CONN Statement of for 1898 259264 PREFERRED ACCIDENT INSURANCE COMPANY NEW YORK N Y Statement of for 1898405407 PROVIDENT SAVINGS LIFE ASSURANCE SOCIETY OF NEW YORK N Y Statement of for 1898264209 PRUDENTIAL INSURANCE COMPANY NEWARK N J Statement of for 1898269274 a QUEEN FIRE INSURANCE COMPANY OF AMERICA NEW YrORK N Y Statement of for 1898131134450 INDEX R ROYAL UNION MUTUAL LIFE INSURANCE COM PANY DES MOINES IOWA Statement of for 1898274278 ROCHESTER GERMAN INSURANCE COMPANY OF ROCHESTER N Y Statement of for 1898134130 ROYAL FIRE INSURANCE COMPANY OF LIVER POOL ENGLANDU S BRANCH Statement of for 1898136139 S SCOTTISH UNION AND NATIONAL FIRE INSUR ANCE COMPANY OF EDINBURGH SCOTLAND Statement of for 1898139142 SECURITY MUTUAL LIFE ASSOCIATION B1NG HAMPTON N Y Statement of for 1898352355 SECURITY TRUST AND LIFE INSURANCE COM PANY OF PHILADELPHIA PENN Statement of for 1898279282 SOUTHERN FIRE INSURANCE COMPANY ATLAN TA GA Statement of for 1898142144 SOUTHERN MUTUAL FIRE INSURANCE COMPANY OF ATHENS GA Statement of for 1898144145 SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY OF SPRINGFIELD MASS Statement of for 1898145148 STANDARD LIFE AND ACCIDENT INSURANCE COM PANY OF DETROIT MICH Statement of for 1898407409 STATE LIFE INSURANCE COMPANY INDIANAPO LIS INI Statement of for 1898355358 ST PAIL FIRE AND MARINE INSURANCE COM PANY OF ST PAUL MINN Statement of for 1898148151 SUN INSURANCE OFFICE INSURANCE COMPANY OF LONDON ENGLANDU S BRANCH Statement of for 1898151153INDEX 451 SUN MUTUAL FIEE INSURANCE COMPANY OF NEW ORLEANS LA Statement of for 1898154156 T THE TRADERS AND TRAVELERS ACCIDENT COM PANY NEW YORK N Y Statement of for 1898358360 THAMES AND MERSEY MARINE INSURANCE COM PANY LIMITED OF LIVERPOOL ENGLAND U S BRANCH Statement of for 1808409411 THE AMERICAN CREDIT INDEMNITY COMPANY OF NEW YORK N Y Statement of for 1898 37133 THE AMERICAN SURETY COMPANY OF NEW YORK Statement of for 1898 366369 TRAVELERS INSURANCE ACCIDENT DEPART MENT COMPANY HARTFORD CONN Statement of for 898412414 TRAVELERS LIFE INSURANCE COMPANY OF GEORGIA Statement of for 1898282286 TJ UNITED STATES CASUALTY INSURANCE COM PANY OE NEW YORK N Y Statement of for 1898415417 UNITED STATES FIDELITY AND GUARANTY COM PANY BALTIMORE MD Statement of for 1898423425 UNITED STATES GUARANTEE COMPANY OF NEW YORK N Y Statement of for 1898420422 UNITED STATES LIFE INSURANCE COMPANY NEW YORK N Y Statement of tor 18982l UNION ASSURANCE SOCIETY OF LONDON ENG LAND Statement of for L89S156158 UNION CENTRAL LIFE INSURANCE COMPANY CIN CINNATI OHIO Statement of for 1898287291452 INDEX UNION CASUALTY AND SURETY COMPANY ST LOUIS MO Statement of for 1898417420 W WASHINGTON LIFE INSURANCE COMPANY OF NEW YORK Statement of for 1898297300 WESTERN ASSURANCE COMPANY OF TORONTO CANADA Statement of for 1898159161 WESTERN MUTUAL LIFE ASSOCIATION CHICAGO ILL Statement360362 WESTCHESTER FIRE INSURANCE COMPANY OF NEW YORK N Y Statement of for 1898161163 WILLIAMSBURGH CITY FIRE INSURANCE COMPA NY OF BROOKLYN N Y Statement of for 1898163166 SiGA AUNIVERSITY OF GEORGIA LIBRARES 3 ElOfi D5424 2741